Frank26: On last night's CC ........ At the perfect timing ........ i pointed at my GOLD ring.
You had to be there to better understand.
Then WS shows You this TODAY. (See Article Below)
You see ........ GOLD does not fail with the CITIZENS nor INTERNATIONAL WORLD like with the 2006 BONDS nor the 2015 Domestic BONDS do. IOO ........ CITIZENS will do bank business with GOLD having to buy it with Dinars and we will buy their GOLD in our currency.
Why? Well look at Your notes from last night's CC .......... Liquidity to the Budget/RI but most of all ........... RESTORATION OF THEIR FAILURES WITH M IN THE PAST !!!
Or PHASE 2 with INTERNATIONAL BONDS will fail.
This cannot happen.
They MUST get it correct this time. They must re-gain Faith by ALL to buy into IRAQ again.
Study this well. Thank You WS ....... DELTA ...... ITEAM and all FF's for MONDAY CC last night !!!
Walkingstick: Highly motivated to buy gold bullion
Baghdad Joseph Zayer
met with the process of selling gold bullion launched by the Iraqi Central Bank to boost liquidity large turnout by citizens and interested in dealing with the precious metal.
According to the Director General of the release and cabinets in the Iraqi Central Bank's «morning» remarks the very good turnout and still sell bullion operations continuous, and this turnout reflects citizens' awareness of their role in supporting the Iraqi economy and the strengthening of government hedges to mitigate the impact of the financial crisis and transit.
Dr. Ihsan Shomran Yasiri He noted that the bank did not put non-small margin on the price of ingot is currently only one percent, which represents an administrative cost in line with the Bank's policy to encourage the citizens of the Optional savings to diversify its means and put forward different options for him, where the bank also continues to sell bonds after that extended the completion date of sales to the end of the month of September. In a statement released earlier, and I followed the «morning» by the Central Bank of Iraq explained that he put bullion in order to diversify the public savings and ensure that they get the gold 24 carat
The statement continued, «the Iraqi Central Bank has contracted with a leading global coined bullion companies Stamping gold bullion weights ( 5, 10, 15, 20, 25 and 50) g and put up for sale through banks and through its center in Baghdad for employees ». The statement continued, «the bank will basic alloy of big weights (100 250 500 and 1000) and GM launched soon. Bank has called for banks to submit their requests to the General Directorate for issuance and cabinets to buy quantities you wish to purchase for its own account or on behalf of the public. The selling price was determined on the basis of cost and out of Baghdad International Airport plus administrative uploads by 1 percent.
Walkingstick : No worries on the Iraqi currency against other currencies
The front page - Baghdad / follow-up justice - 0:52 - 03/09/2015 -
Member confirmed in the economic and investment commission in Parliament, that does not fear the Iraqi currency against other currencies. Said committee member Najiba Najib, he said that "the Iraqi currency strong as the $ 100 equal to 120 thousand dinars, or nearly approach it," she said, "There is no fear on the Iraqi currency against other currencies." With regard to the budget next year, 2016, he stated that "the budget so far the Ministry of Finance did everything related expenditure side and the revenue is completed, as it has so far not decided the price of oil Evaluator, and the reforms package has not been completed in order to know the expenses that have been reduced rate." .
The prime minister Haider al-Abadi, said in the 17 of last July, said that "the Iraqi currency Mahfouz and the dinar has great economic strength, and is considered hard currency because it propped also that Iraq has the potential and capabilities and we have the blessing of oil," he said. "There is no fear on the Iraqi dinar exchange rate against the dollar the US, and the dollar will strike prices manipulators with an iron fist.
"Meanwhile explained the parliamentary finance committee member Majda al-Tamimi, there will be directed to the internal and external borrowing to bridge the lack of budget. Tamimi said that "the budget of the country suffer from financial shortage due to lower world oil prices therefore are heading to borrow to fill the lack of budget." She stressed the necessity of activating all sectors to supplement the budget with money and fill the shortfall in them. Link
Walkingstick: Group of Twenty IMF Note — G-20 Finance Ministers and Central Bank Governors Meeting
IMF Note on Global Prospects and Policy Challenges
September 4-5, 2015
The Following executive summary is from a note by the Staff of the IMF prepared for the September 4-5, 2015 G-20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey.
Global growth remains moderate, reflecting a further slowdown in emerging economies and a weak recovery in advanced economies. In an environment of rising financial market volatility, declining commodity prices, weaker capital inflows, and depreciating emerging market currencies, downside risks to the outlook have risen, particularly for emerging markets and developing economies.
Global growth in the first half of 2015 was lower than in the second half of 2014, reflecting a further slowdown in emerging economies and a weaker recovery in advanced economies. In advanced economies, weaker exports, partly reflecting temporary factors, and a slowdown in domestic demand were key factors.
Productivity growth has been persistently weak. In emerging economies, the slowdown reflects a continuation of the adjustment after the investment and credit boom post-crisis, together with the fallout from declining commodity prices, geopolitical tensions, and conflict in a number of countries. In advanced economies, economic activity is projected to pick up modestly in the 2nd half of the year and into 2016. In emerging economies growth this year is projected to slow again relative to 2014; some rebound is projected next year, as conditions in distressed economies, while remaining difficult, are projected to improve.
Financial conditions for emerging economies have tightened. In an environment of rising financial market volatility, dollar bond spreads and long-term local currency bond yields have increased relative to the spring, stock prices have weakened, and capital inflows have declined. Emerging market currencies have generally depreciated, reflecting weakening commodity prices, concerns about the growth transition in China, an increase in risk aversion, and expectations of a lift-off in policy rates in the United States. In contrast, financial conditions in advanced economies continue to be easy. On the back of weak demand, safe real interest rates remain low, despite some widening of spreads, even as the policy rate lift-off approaches in the United States.
Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook. Near-term downside risks for emerging economies have increased, given the combination of China's growth transition, lower commodity prices, potential adverse corporate balance sheet and funding challenges related to a dollar appreciation, and capital flow reversals and disruptive asset price shifts.
Strong mutual policy action is needed to raise growth and mitigate risks:
Advanced economies should maintain supportive policies. In most advanced economies substantial output gaps and below-target inflation suggest that the monetary stance must stay accommodative. Fiscal policy should remain growth friendly and be anchored in credible medium-term plans. Managing high public debt in a low-growth and low-inflation environment remains a key challenge.
In many emerging economies, policy space to support growth remains limited. The commodity price declines over the past year have alleviated inflation pressures and mitigated external vulnerabilities in net commodity importers, but increased external and fiscal vulnerabilities in commodity exporters. Oil exporters that have accumulated savings and have fiscal space can let fiscal deficits increase and allow a more gradual adjustment of public spending.
For floaters with less policy space, exchange rate flexibility will be a critical buffer to the shock. This may require improving macroeconomic policy frameworks in some countries and keeping balance sheet exposures manageable.
Decisive structural reforms are needed to raise potential output and productivity across the G-2members. Labor market reforms in advanced economies undergoing population aging should aim at raising labor participation, and actions to increase labor demand and remove impediments to employment are also needed in euro area economies and some emerging markets. Reforms to improve the functioning of product markets are also needed in Japan and the euro area, and reforms to improve productivity and raise potential output are key in many emerging economies. Joint policy efforts by deficit and surplus economies are needed to reduce excess imbalances while sustaining growth.
JDTolle: » September 3rd, 2015,Now add some action
You’ve got a big, exciting dream. Now add some action to it.
You’ve considered, planned and prepared. Now add some action.
You’re full of hope, and have worked yourself into a positive attitude. Now bring it all home with some good, solid action.
Are you wondering whether your idea has any merit? Put it into action and find out.
There’s a time for planning, for thinking, for talking and for preparing a detailed strategy. Then comes the time to put that strategy into action.
The possibilities of now are great, and they’re calling to you. Now, add some action.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. Nothing will ever be attempted if all possible objections must first be overcome.
-- Samuel Johnson