(nolaspice] when you rise in life your friends will know who you are - when you fall in life you will know who your friends are....
[subnet52] IMO if you think you have seen smoke in the past - you ain't seen NOTHIN' yet! There will be a final push of misinformation and we all need to be grounded and be ready for it....NOT run around like our hair is on fire! Be confident in your investment choice....JMHO
[BocaLinda] Lets all remember this is not an investment. It is a CE. If what weve heard about tax implications is true!
[Papa Bear] GM Dinar Family little late today and hear we are a little jacked up
[clubber3] Papa Bear I beleive people are starting to get excited
[goin4broke] Papa Bear good morning. Hopium is alive and well today, ha ha
[Papa Bear] Stay grounded
[Jester] Papa Bear Budet opened, read three times, put in the gazette...
[tornado] If the iraq budget is in the billions then that means their currency has already RV'ed just waiting to show in banks.....JMO
Read More Link on Right
[nolaspice] i have two on my phone a copy of one that says billions and one that say trillions - i am so confused - i am hanging up my dinar skates - call me when all this drama is over – lol
[berberboy] nolaspice imo those numbers will be adjusted, it just on the budget, passed is just part of it, it still has to be approved, kind of like ours, and that might take awhile.
[childofgod] Just read that they have 15 days, at the outset
[oucrazy] . . . Do I understand correctly that the budget would have to be published in the Gazette before it becomes law? Hope they're quicker about that than passing the stupid thing.
[Papa Bear] Jester Ok so Jester what are we lacking beside the go on email
[Jester] Papa Bear that is the good question... not much imo... what say you?
[care888] Papa Bear ...the rate posted internationally
Papa Bear] care888 Will go international RV soon if CBI posts IMHO and open budget,passed HCL passed Erbil passed GOI and passed article 140will appear. Also and this is the biggey email of action should show up . IMHO Patience still required for the Lord to manifest. Vatican Bank situation didnt help matte ers
[Papa Bear) Stay strapped in until fully finished also READ PAPERWORK CAREFULLY AT C/E and use the words C?E
[care888] ...all markets seem happy and seem to be anticipated and influx of cash in the market, bank stress test results tonight
[Robertprofessor] Papa Bear And sign nothing that says investement.
[tornado] Papa Bear -Does the vatican bank controls europe or the world banking system????
[Papa Bear] tornado no longer!
[TLane] Parliamentary source told AIN on Thursday "Nijaifi lifted Thursday session of the parliament till March, 19th after completing the vote on the federal budget."
[ram1] Captj88: Urgent….. 25% of federal budget's surplus to be distributed on citizens Thursday, 07 March 2013 16:30 | | | Baghdad (AIN) -The Iraqi parliament voted, during Thursday session of the parliament on distributing 25% of the budget's surplus on the Iraqi people.
[ram1] The independent MP Uthman al-Jihaishi stated to AIN on Thursday "The parliament ratified the allocation of 25% of the federal budget's surplus to be distributed on the citizens." /End
obxlady1] "The budget is still needed to be approved by the presidency office. If proved, the budget will be the biggest in Iraq since the establishment of the first government of modern Iraq in 1921." We are aware of this are we not?
[berberboy] i'm not bashing anybody but i think we all need to settle down, it might take a month to get this budget approved, and if it is in trillons not billions, today is just another day imo
[oucrazy] Jester . . . is it true that the budget will have to be published in the gazette before it becomes law? Thnx
[Jester] oucrazy dont really know the answer to that... dont know the laws... have heard it though...
[ram1] So according to the Frank/Delta post in recaps this could take another 15 days for the budget to ratified and opened. I hope not.
[childofgod] ram1 well, we waited this long - I don't want to wait another 15 days, but I can handle it! Lol
[trebor1859] ram1 I could acccept that if we knew that was true. However delta posted in January this positively would not see March 1 without Rv. So nobody knows.
[buybyeby] ram1 again IMO Iraq is not the driver but an indicator
[mike1422] [BGG] Something has just busted loose - Baghdad just rolled over and gave the Kurds everything they had agreed to (and then some)...we'll see what happens next.
[spiritfilled] Listen folks....IMO...i agree with mike1422 and something has happened behind the scenes..Kurds get their 17% and the citizens get 25% of the surplus...
[whitelions] spiritfilled that is so huge but lets wait for it so we don't hurt ourselfs lol
Mrs J C wrote on March 7th, 2013, 11:38 am:Ok so they approved the budget...what now? Will the rate come soonThanks Delta for the info! Have a great day!
JaxJags: The budget has two major parts to it....................one is the Operational, which involves the daily operations of the Federal Government. This is how the daily expenses are paid. The other major part to the budget is what the Iraqis have referred to as the Investment part. This is how and where Iraq will conduct international commerce. This is where the exchange rate of the IQD will be important.
...........at the current exchange rate of 1164 Iraq does NOT have enough IQD to pay its debts. Throw in their USD reserves and they still do not have enough USD either. In other words, for every $1 of debt, Iraq would need to use 1164 IQD to pay that debt...................however, if the exchange rate is changed to (lets say) to $4.00 then...............now follow this.........for every $1.00 of debt, Iraq would only use 0.25 IQD to pay that debt. By changing their exchange rate, Iraq will be able to pay their debts and leverage their currency with the rest of the world.
This is why Iraq would have the new exchange rate in the Investment part of this budge.
Now we wait for the CBI to show it to the world.