Frank26:: Three years ago:
But Frank26....... What does the price of oil have any #%?! Thing to do with the MR of the IQD???!!!
Silence and disciplined patience is difficult to maintain for so many years. So hard.
So allow me a stress release moment........ TA DA !!!!!!!! lol
songongwolf : I keep seeing referrals to "OZ" and/or "Daddy".
And I can't come up with anything that fits. Can someone help me?
Toyvp: This is in reference to (PTB) or the powers that be aka. (rothchilds and other money oriented families)
backdoc » SINCE WE ARE NOT PRIVY TO ALL THAT GOES ON BEHIND THE CURTAIN SO TO SPEAK IN THE BANKING WORLD, I THINK IT'S THE BEST ANALOGY I COULD THINK OF!
I REFER TO OZ AS BEING THE BIS,IMF,WB,UST,AND CBI ! HOPE IF THIS HELPS IF SOMEONE IS CONFUSED!! DOC
backdoc » November 30th, 2014, 4:01 pm IMO…NO SURPRISE HERE SINCE IT WILL TAKE ALL THREE:
CUT EXPENSES, INCREASES OUTPUT AND SALES, AND DIVERSIFY THEIR ECONOMY QUICKLY!!
ALL THIS AND NOT TO MENTION THE DINAR VALUE ADJUSTING TO THE LOW OIL PRICE AND THE STRONG DOLLAR!! (See Article Below)
Iraq Budget 2015: Cabinet form a committee to determine cut expenses all ministries to reduce the budget deficit in 2015
Cabinet form a committee to determine cut expenses all ministries to reduce the budget deficit in 2015
Baghdad announced ... Prime Minister's Office, the Cabinet formed a ministerial committee to determine cut expenses all ministries in order to reduce the budget deficit in 2015, and that the Committee will submit its recommendations within a week to address and reduce the projected deficit.
Information Office of the Prime Minister Haider al-Abadi, said in a press statement received (Fallujah News) a copy of it, that 'the Council of Ministers held, on Saturday evening, a special session to review the proposal of the general budget for 2015 submitted by the Ministry of Finance.'
The bureau said in its statement that "in light of the sharp decline, which happened in oil prices over the past few days and caused a serious increase in disability rates, the Cabinet decided to form a ministerial committee shall conduct a comprehensive review of public expenditure of the state to come up with recommendations ', adding that' recommendations will be presented during the week to address and reduce the projected deficit in the budget. '
backdoc » November 30th, 2014, 4:13 pm IMO
WITH THE DOLLAR BEING ROUGHLY 80% OF THE WORLDS RESERVE CURRENCY AND THE G-20 SOLIDLY NOW IN CONTROL OF THE BLACK GOLD'S PRICE, WE AWAIT TO SEE WHERE THE EMPIRE WANTS THE DOLLAR IN RELATION TO OIL AND THE DINAR.
WITHOUT DEBATE THE US AND IRAQ COMBINED WILL EASILY DETERMINE THE MARKET PRICE OF OIL IN THE YEARS GOING FORWARD!!!
THE U.S. IS ABOUT TO OVERTAKE SAUDI ARABIA AS #1 AND IRAQ WILL OVERTAKE THE U.S SOONER THAN LATER!!
IT'S ALL ABOUT CONTROL ! DOC
m1ntaka_k » Bacdoc, I love it when you are on the roll....
Could you elaborate a little bit more (if that is not too much trouble) on the statement you have made in your big post "the real price on oil will be controlled by the G20 now! Opec has been broken now!"
backdoc » IMO…IN THE PAST OPEC HAD CONTROL OF THE BLACK GOLD!
THEY COULD BY THE WILL OF THE MEMBERS USE PRODUCTION CUTS TO CONTROL THE PRICE UNTIL THE EMPIRE FINALLY WANTED CONTROL OF THAT CURRENCY TOO, JUST LIKE THEY HAVE WITH GOLD AS I'VE MENTIONED IN PREVIOUS POSTS! LOL
THE ONLY THING OPEC CAN NOW DO IS TRY TO PUMP, PUMP, PUMP ! IRAQ WILL STEAL MARKET SHARE EASILY AS THE U.S. AND IRAQ CAN UNDERCUT ANY PRICE AND THEY WILL GET THE REST OF THE EMPIRE TO BUY FROM THEM!
WITH SANCTIONS ON RUSSIA LIKELY TO INCREASE AND IRAN IN JEOPARDY OF BEING ATTACKED BY ISREAL OVER THE NUKE ISSUE AS WELL AS DEALING WITH SANCTIONS, CONTROL OF OPEC IS NOW BROKEN AND THESE ARE NOT MY WORDS BUT THE WORDS OF EXPERTS IN THE OIL BUSINESS ! DOC
m1ntaka_k : Thank you Bacdoc for your informative response. I hope you have a whole day to enjoy yourself on the forum.....If I may ask one more question.... In your opinion the dual currency repair -will it be a single or separate event? Thank you.
backdoc » November 30th, 2014 IMO….I WISH I HAD A SOLID ANSWER ON THAT BUT WHAT I WILL SAY IS THAT MANY OF THE SAME REFORMS OR PROCESSES THAT IRAQ HAS GONE THROUGH, VIETNAM HAS DONE THE SAME!
IN MANY WAYS THEY ACT LIKE BROTHERS!
THEY BOTH HAVE LOANS FOR THEIR INFRASTRUCTURE AS OF LATE!
IRAQ STATES IT HAS 90 TONS OF GOLD RESERVES, VIETNAM HAS 100 ! MMMM
I COULD GO ON AND ON HOW THEY ARE BECOMING MIRROR IMAGES OF EACH OTHER! MMMMM
CHINA HAS SERIOUS CURRENCY CHALLENGES ESPECIALLY AS IT STRUGGLES TO BECOME THE SECOND RESERVE CURRENCY IN THE WORLD! WITH CURRENTLY 18% OF THAT MARKET I SUSPECT IT WILL CONTINUE IT'S STUNNING RISE QUICKLY!
WHAT BETTER WAY TO HELP IT ACCOMPLISH THAT BUT BY HAVING A DONOR CURRENCY CALLED THE DONG!
SAME FOR THE DOLLAR AND THE DINAR!
RIGHT NOW WE ARE WAITING TO SEE HOW LOW THE EMPIRE WANTS THE OIL PRICE TO GO IN RELATION TO HOW HIGH THEY WANT THE DINAR AND THE DOLLAR!!
ALL I KNOW AT THIS MOMENT IS THAT IF THE DONG DOESN'T GO AT THE SAME TIME IT MIGHT DO DAMAGE TO ITS CURRENCY SINCE FOLKS LIKE US WILL BE BIG BUYERS!!! DOC
drdonar :Unless iraq plans on leaving opec, not happening, they do not get to pump willy nilly...thats the whole purpose of opec...control price by controlling supply.
Aggiedad77: Iraq has been pumping oil without constraint by OPEC......they were given a few "grace" years to get back on their feet.....I don't remember seeing anything that says that grace period is over for them....they don't have to get OPEC approval to raise their rates like other OPEC nations are required to do. Aloha Randy
mike100 » I believe the rise of the DRAGON is coming and a shift in power is amongst us but many will scoff at the reality and continue living in the matrix of illusion of mainstream media etc.. and underestimate how strong China is truly becoming.
The chinese New year is fast approaching i am foreseeing mighty changes coming in 2015 IMHO.
To Bacdoc i agree with the offset for low oil prices for Iraq's new budget they are going to if anything be forced to raise the value of the dinar sooner rather than later.