Frank26: "Parliamentary Finance confirms that determine the time to delete the zeros..... That time is not right now" .......... Really Mr GOI ? Then what the #$%&! time do You think it is? (See Article Below)
HEY ! FRANK !! 26 !!! .......... I did not say such a thing !!! .......... Just ask me !!!!
LOL...... That's funny but if not You then who?
Mr. Frankie You know very well that Fridays are Holy days here where nothing much happens so the media puts out this re-cycled regurgitated re-worded re-hash nonsense supposedly from us at the GOI.
I know ....... I know besides it may be true that we now have a GOICBI but only the CBI will be given the permission of Power to lift the 000's not just for the Citizens but the Budget and Economic explosion that has been lite.
Yes Mr. Frankie the 26 ......... Let it be KNOWN to The INTERNATIONAL WORLD that the GOICBI no longer waste time on the MR (Monetary Reform) nor argue in difference but instead on nearly ALL issues and matters we ............ Agree.
Hmmm .......... I tend to agree too. But for now I forget about the Zero's to go travel with my wife to be with our grandchildren that find us as their ........ Hero's.
Aloha Friday Family...... KTFA Frank
walkongstick : Economic parliamentary: Investment Law is working to lift the economy and improve the stability of the currency and
Date: 02/06/2015 12:43
considered the economic and investment commission in Parliament, on Friday, the investment law as a "red line" he works for the lifting of the Iraqi economy and improving currency stability, and while confirming that the upgrading of the Iraqi economy is everyone's responsibility, called for activating the role of the private sector and facilitate the investment process.
said committee member and fulfillment in a fight, told / information /, "It is the right of the investor to submit a complaint to the courts if pulled him investment license because the law will do it justice," noting that "investment is a red line law being worked in order to raise the Iraqi economy and improving currency stability . "
She added that "Iraqi law protects investors and provide them with the necessary facilities for investment," asserting that "the upgrading of the Iraqi economy is everyone's responsibility and we support him in all fields, especially the creation of a favorable environment encourages investors to invest in Iraq without fear on the investment universe Iraqi law protects investors and their investments . "
She stressed the importance of a fight "investment and activating the role of the private sector in building a strong Iraqi economy." LINK
Servon29 :As a curfew is lifted, Baghdad is at long last partying again
Frank26: KTFA Family this is crucial ........ THINK about this !!! Give it thought.
mcdan : IMO THE DOLLAR MUST BE MADE OUT OF RUBBER . UP AND DOWN $94.32 Big Bounce
Frank26: We shared at start of 2015 that USD would level off as Gas prices did the same in the 4th week to the first week.
BOTH in the last two weeks have bobbled at a specific level.
Neither have lost nor gained on a means average graft.
For TEAMS and I ......... On course. KTFA Frank
walkingstick » February 6th, 2015, 10:16 am
World record debt of $199trn could drag economies into another crisis
Published time: February 06, 2015 10:53
Global debt has soared by $57 trillion since the outbreak of the financial crisis in 2007, with the debt to GDP ratio jumping to 400 percent in Japan. This raises questions about financial stability and poses a threat of another crisis.
“After the 2008 financial crisis and the longest and deepest global recession since World War II, it was widely expected that the world’s economies would deleverage. It has not happened. Instead, debt continues to grow in nearly all countries, in both absolute terms and relative to GDP. This creates fresh risks in some countries and limits growth prospects in many,” according to new research carried out by consultants McKinsey in 47 countries.
The amount of world debt reached $199 trillion at the end of 2014, with the growth rate exceeding the pace of global economic expansion and the debt to GDP ratio increased from 269 to 286 percent.
“Higher levels of debt pose questions about financial stability and whether some countries face the risk of a crisis.”
“We conclude that, absent additional steps and new approaches, business leaders should expect that debt will be a drag on GDP growth and continue to create volatility and fragility in financial markets,”the McKinsey report says.
Deleveraging remains limited to a handful of sectors in some countries. The only countries that managed to cut their debt were Argentina, Romania, Egypt, Saudi Arabia and Israel.
Geographically, Ireland was the country where the debt to GDP ratio saw a record increase – of 172 percent. The ratio in Japan added 64 percent and remains the world’s highest at 400 percent. In Russia, the debt to GDP ratio saw a moderate growth by 19 percent, remaining relatively low at 65 percent.
China is one of the key concerns as debt there has skyrocketed almost quadrupling, from $7.4 trillion in 2007 to $28.2 trillion in mid-2014. The debt-to-GDP ratio reached 282 percent comparing to 269 percent of the US. Although total Chinese debt is still manageable, experts are concerned with worrisome levels of debt in the property sector and the rapid expansion of shadow banking.
“China’s total debt, as a percentage of GDP, now exceeds that of the United States.”
Falling debt in the financial sector and a retreat in many of the riskiest forms of shadow banking are the only bright spots in the report. But the overall global debt burden “has reached new levels despite the pain of the financial crisis,” the report said.
Households across the world have also significantly increased their debt, with their debt relative to income having decreased in only five advanced economies - the United States, Ireland, the United Kingdom, Spain, and Germany. In such developed countries as Australia, Canada, Denmark, Sweden and the Netherlands, as well as Malaysia, South Korea and Thailand, the debt exceeds the pre-crisis level.
To avoid another crisis, the governments might take recourse to new ways of reducing the national debt such as larger sales of assets, non-recurrent wealth taxes and more effective programs of debt restructuring, the report said.
“Policy makers will need to consider a full range of responses to reduce debt as well as innovations to make debt less risky and make the impact of a future crisis less catastrophic.”
jdtolle » February 6th, 2015, Energy of dissatisfaction
Precisely because dissatisfaction is so uncomfortable, it energizes your life. When you are not satisfied with the way things are, in that feeling of dissatisfaction is the energy to change.
You can tap into that energy to change yourself, or the situation, or both. In every case, you are looking directly at an opportunity for significant improvement.
Experiencing what you don’t want can drive you to create what you do want. The next time that happens, jump at the opportunity.
Take hold of the energy of your dissatisfaction. Immerse your awareness in the focus, in the drive, in the determination it gives you.
Then look out at the world with joy, with gratitude and with love for all that is. See the possibilities in a new, empowering light, and let them push you into action.
Feel your dissatisfaction, and resolve its discomfort by growing, building, creating, by becoming smarter, wiser, more capable and generous. In the energy of your dissatisfaction is your opportunity to uplift the whole world.
— Ralph Marston Wishing All a safe, warm and blessed day JDT