Topic of Discussion: Parliament's presidency adjourns its session to 1: pm
Aloha Alex: Man this is starting to feel like going on a date as a teenager wondering if you're ever going to get on second base :lol:.
Hang on folks, we have a new sheriff in town and he means business! Just hope Malaki doesn't kill him.
BlueyesinLevis: Yeah.. look for some shenanigans from Maliki... probably try to use his pressure on the Federal Court to declare him King of Iraq.
Mike: I did read a article on another site that said the Federal Court stated the SoL is the largest bloc in Parliament (not the NA) and that the SoL is sticking with Maliki
Aaanth: passing the budget and then OPENING THE BUDGET is the precurser to the RV.
they can pass all the budgets they want but without the money to fund the projects that are in the budget for the people, new housing, new jobs, revenue sharing and on and on, this cannot happen with the dinar at the current rate.
so, to hurry the budget can only mean that they are hurrying to an RV. can't be anything else becasue that's the only way the budget means anything
RDiddy: For those of us that aren't clear on the process, what is involved in "opening" the budget? Thanks in advance for your response -
Albosdo: Rudaw just tweeted: #Iraq federal court issues an opinion verdict that considers State of Law as largest parliamentary bloc
Ralph: MP Al-Maliki: the rule of law receive a refund of the Federal Court as the biggest bloc
Wednesday, July 23, 2014 20:12 [Baghdad where]
Announced a coalition of state law, receiving a response from the Federal Court as a bloc Alakparvi the House of Representatives.
A source in the National Alliance has revealed on July 12 that the coalition of state law, submitted an application to the Federal Court to inquire about the largest bloc in terms of the number of seats in the new parliament, noting that "the request has been made in isolation from the National Alliance."
The MP said the coalition Hussein al-Maliki in a press statement Tuesday evening that "the State of Law coalition received a response of the Federal Court as the largest parliamentary bloc, and clings Nouri al-Maliki's candidate for prime minister."
The source said at the time that "demand feet after intercepting the majority of the blocks on the state law, a candidate of Prime Minister Nuri al-Maliki."
He said the "state law made the request in isolation from the National Alliance, who presented himself politically as the owner of the largest parliamentary bloc in terms of the number of seats [173 seats]," adding that "demand came on the grounds that the National Alliance, so far he has no authentication and Tab legal on It's the biggest bloc in parliament. "
The source pointed out that "if the court approved the request of state law, which he says both the largest bloc within the National Alliance or in the dome of the parliament, it will be charged with forming the government," pointing out that "this request has been made after the outbreak of considerable disagreement within the National Alliance."
"The National Coalition looking for an alternative to the owners, while the coalition of state law, is still insisting on his nomination," adding that "the National Coalition main goal should not be to nominate a prime minister without agreed upon within the National Alliance and upon the admissibility of the religious authority which is an important point as well as the rest of the the other parties. "
The source said the National Alliance, "There are three names of candidates of the National Coalition for prime minister instead of al-Maliki, after mature consultation about it will be announced officially."
Prime Minister Nuri al-Maliki had announced in the fourth month of July that he "will never give up for nomination for the position of prime minister in the new government," pointing out that "a coalition of state law, the owner of the largest parliamentary bloc in the new parliament."
It is scheduled to hold its Parliament tomorrow amid reports of disagreement Kurdish blocs until now to nominate their candidates for the post of President of the Republic. Ended
BeastMaster: Why does it matter if SOL is the biggest bloc? So what, they put up M and then he is votes out. Not what we want because it will drag out but it still solves the problem, correct?
Tlar: The courts just stated the obvious but it has no bearing on the outcome of the process. It also is the reason this has been so confusing.
The leadership of the SOL has hung with Maliki knowing he can't put a government together which is not logical. They are only hanging to stall the process.
They know he will be gone but for some reason they have stuck with him anyway.
This is because the leadership of the SOL is a bunch of scumbag thieves themselves and they don't have a backup plan that can guarranty their safety so they are clinging to their only lifeline.
These so called leaders of the SOL don't give one iota about Iraq. They have been stealing from "the people" since 2006 and now they don't know what to do.
Shabibi when he was exiled in Jordan got copies from the Jordanian central bank of the billions that the SOL leadership had stolen from Iraq and been depositing in private accounts Jordan.
Qatar stopped allowing "officials" from the Iraqi government to set up private banki accounts two years ago because they realized that these were stolen funds. So the leadership is in catch 22.
They have to stall or stop this process because when the new government is finally put together, they will be arrested as the crooks that they are.
They may have the largest numbers in their party but their party will not be there when it counts. Most of their membership no longer supports or respects these self serving thieves. They have stolen billions over the eight years running the Ministries that Maliki had hand picked for them.
They tried desparately to steal the election. They will be arrested and prosecuted when this is over.
Jubouri has shown that he is taking no chances on the election for the presidency and by delaying it 24 hours and demanding the Kurds come with one guy, he is insuring a win for the Kurds and not an accidental win for the SOL because it of confusion with some many nominees from Kurdistan potentially splitting the secret ballot and allowing the SOL their accidental win. tlar
Aaanth: RDiddy, the last time i checked the annual budget for iraq was somewhere around 144 trillion dinar. of course there is no way that they can AFFORD that high of a number.
This amount includes all the govermental issues of running the country, but, it also includes all of the social programs for the people of iraq, such as new power plants for continuous electricity, the building of a million (supposedly) homes, new education opportunity and of course, sharing of the countries oil revenue profits.
Each person in iraq is entitled to a monthly amount of dinar based on the countries profit.
This, of course, would make iraqi's some what affluent and allow them to have things like homes, cars, televisions and all the freedom to have a life of the pursuit of happiness.
Up until now maliki has taken all of the money from the partial funds available to run the GOI and there has not been enough money for the social programs to help the citizens of iraq.
maliki is a greedy *** who never cared about the people, only about filling his pockets. the people to him are like ants.
By OPENING THE BUDGET it means that they have to have the money to cover the expenses of funding these social programs along with the running of the country.
There is no way that can happen with the dinar worth only 1166. since there is only approximately 33 trillion dinar in existence the only way to "open" the budget is to make the dinar worth an amount that will be able to pay for all the things that are in the budget, especially the programs for the people. This cannot happen without an RV.
In the past no one cared about the people. now you have the champions like Hakim, Sadr, Barzani etc. who only want their country to prosper which means the PEOPLE need to prosper.
Thus, a budget is only as good as the money or funds available to make it work. The only way for an iraqi budget to totally work is to RV the currency.
The dinar HAS to be worth the amount to cover the expenses of the items contained in the budget administered by the minister of finance and the various other people in charge of the mini budgets of all of these programs, like construction, security, jobs, and on and on.
It’s not rocket science to figure out what a rate would have to be to cover the items in the budget.
RK was the first one (that i know of) who explained this in depth. He is the one who has the correct figures but it comes out that it would take roughly $3.50 = 1 iqd for it to fly.
If anyone else has a better explanation please feel free to jump in anytime. hope this helps... :)
RDiddy: aaanth - thanks for your thoughtful and thorough explanation. I've heard "open the budget" so many times, but not once has anyone been able to explain what that means. I really appreciate your response
Investor 1: Bravo!!
Mally: appreciate that break down but I have to say I still think the whole "open the budget" talk is just guru talk. Iraq should collect over 100 billion in oil revenue alone so they can fund a budget of 100 trillion dinar.
I dont understand the whole investment side and operational side of the budget but they at least open and use the operational side of the budget every year which is the biggest portion of the budget.
RK's math never made any sense to me back then and it still doesnt. He took the oil revenue which is in usd and multiplied it by what the dinar should come out at to get to the total needed to fund the budget.