Post From Wealthwatch.world Chat Room 8-20-15
Wealthwatch Afternoon Chat 8-20-15
Tootsie: good to see CBI holding market rate 4 days now at 1214 ~ auction # 3018 20-Aug Market Rate 1,214 Auction rate 1,166 Volume 261,133,037 Cash 38,875,000 Remittances & Credits 222,258,037
Tootsie: the market rate is what IMF wants w/in 2% for 90 days (at least)
MichelleL: ‹@Tootsie› how many more have we got to go? I remember kap made a big deal out of it
BOBBY: MichelleL. .... did you read any of that my ladies post last night?
MichelleL: ‹@BOBBY› yes, pretty encouraging, but as they say - "show me da money" :) I'd take 98 cents, 25 cents, 400 cents whatever
MichelleL: ok, the weather is skeering me, i'm not going out lol - any excuse i can find
BOBBY: MichelleL. .... agreed....
Tootsie: ‹@MichelleL› GOOD!!!
BOBBY: Tootsie..... did you see the post?
Tootsie: Daash" earns $ 11 million a month in taxes imposed on the people of Nineveh Nineveh-Iraq Press -20 August / August: Force organization (Daash) taxes on the inhabitants of the province of Nineveh, the major cities of Mosul, enabled him to collect an estimated $ 11 million a month, before his control over the last year the province, according to what was stated in the Commission of Inquiry in the report Mosul fell.
The report points out that the elements of the organization are now before the fall of the city on June 10, 2014, "mafias manages organized crime", and in control of "all economic conservatism resources and control them", after they created "a specific system for the collection of money," and imposed "certain tariff" on different social groups.
The report quoted officials in the province, appreciated that "funding that was get it Daash at the beginning of the imposition of this tax collection system in the amount of five million dollars a month from Nineveh province alone, and added that this figure has doubled later even came to $ 11 million a month before the fall of Mosul."
The report did not specify the start date of the imposition of this tax, but it displays the steps to reduce them started since 2011, when the extremist group known as the "Islamic State of Iraq", and a follower of al-Qaeda.
The report cited a series of examples of taxes, including "The contractor transfer of oil derivatives from the Baiji refinery to the province of Nineveh was the amount paid to Daash million dollars a month", in addition to a similar amount of cement operators. CONT wealthwatch.world/showthr...
Tootsie: ‹@BOBBY› which one, the exchange rate in forum, yes, saw that ~
BOBBY: Tootsie...... it was from My Ladies on recaps last night
Tootsie: I received an e-mail r: my ladies, have not read it yet, is it good??
BOBBY: Tootsie...... a interesting view on this, check it out
MichelleL: why not tootsie, we read so much, this at least is encouraging
BOBBY: dinar guru has the highlights posted, but its a decent read/ opinion
Tootsie: Netdania, just now ~ bid 1147 ask 1149 high 1147 ~ that is a surprise ~ ;-}
Tootsie: ‹@MichelleL› just not gotten around to yet
BOBBY: MichelleL. .... funny thing about that post, I remember the IQD Team touching on that about a year ago
MichelleL: dow is down 240??? no one told me, they didn't want to depress me
MichelleL: Bobby everything cycles lol
BOBBY: Tootsie..... check it out it you can
BOBBY: MichelleL. .... that is true lol
Tootsie: k read it ~ from the guru corner that was sent to me ~ we shall see
TxBrand: so is Myladies saying 1.00 in sept... and full value by 2017 ?
Fit2beFit: :silly: :sleeping:
Tootsie: if ones reads portions of the other 2 items put out by IMF same day ~ notably the 33 page August 18, 2015 -- New Iraq: 2015 Article IV Consultation and Request for Purchase Under the Rapid Financing Instrument - Press Release; Staff Report; and Statement by the Executive Director for Iraq Series:
Country Report No. 15/235 there are some comments in such re: market spread and so on. Market spread must be ion the 2% area for 90 days, after CBI went to the remittances, eetc, it jumped to 16%, now down , appx 4% they have held at 1214 for 4 days now, still need to drop more ~
TxBrand: ‹@Tootsie› you do know when you put that out...you have to tell us what it means lol
Tootsie: ‹@TxBrand› CBI sells at auction, 1166, the market rate is what is street (simple sorta) rate, and the spread between the 2 has to comply w/in a 2% range for 90+days per IMF to qualify for moving into art8 ~
Tootsie: so , I am not sure if they add commission on to thjat, but 1166 x 2% is 1189 for market rate (unless the add commission, which would make higher of course )
Tootsie: so, 4 days held , per CBI charts, at 1214 ,
Tootsie: not to be confused with forex trading or such,
Tootsie: I try to put in daily, after auction, in chat ~ here is link to the chart ~ the new one, after remittances/credits were initiated. ~ www.cbi.iq/documents/C.B....
disciple7: just read "my ladies".. pretty interesting
Tootsie: Iraqi Kurdistan: sabotage of the pipeline cost the region $ 501 million / good gracious / Erbil / JD / .. She said the Ministry of Natural Resources of the Kurdistan Region of Iraq Repeated sabotage of the pipeline, which carries crude from the region to the region has cost Turkey $ 501 million in early July.
The ministry said in a statement that the lost revenue amounted to $ 251 million because of "ongoing theft" of the pipeline "in addition to the $ 250 million worth of financial damage to the Kurdistan Regional Government because of the bombing of the pipeline at the end of July. / End
TxBrand: ‹@Tootsie› ty :smile:
Tootsie: pictures in post ~ General Company announces the start of the trial run for assembling cars "Kia" Thursday, 20 August 2015 12:53 Babylon General Company for the automotive industry, announced Thursday, the direct experimental operation of the line production and assembly of cars, "Kia" Korean, as showed that the company assembles cars from model Optima, Rio and Cerato and Cairns and Picanto, indicated that the company would begin the process of production and the actual assembly of the sedan and pregnancy soon.
The general director of the General Company for Automotive Industry Adnan Ahmed demure in an interview with Alsumaria News, "The engineering and technical personnel in a lab Babylon yield the General Company for the manufacture of cars in the city of Hilla, began experimental operation of the line production and assembly of Korean Kia cars," noting that "the lines car rally model, Cairns and Optima, Rio and Cerato and Picanto. "
He sedate that "the company will begin the process of actual production and assembly of the sedan and pregnancy soon," pointing out that "all these kinds won the confidence of the Iraqi people through the daily use in Iraqi airspace He demure
"The design capacity for the production of 24 cars per day, and the proportions initial assembly of up to 25% escalate successively with the increase in production and train staff," pointing out that "the number of cadres by the assembly process up to 150 workers, between the technician and craftsman engineer."
He demure "The Iraqi technical personnel carries out infrastructure assembly line car pregnancy (2 tons) and trailers (2500.2700, 3000)," noting that "this line is an area of 27360 square meters and card production design of 32 car / day and by assembling 60% ". CONT wealthwatch.world/showthr...
Doug_W: why do SOO many ppl keep emailing me with these?
Doug_W: www.dinarrecaps.com/our-b... www.dinarrecaps.com/our-b...
Tootsie: ‹@Doug_W› lol, me also - most of the time I just delete
Tootsie: Abadi Office: decisions made today is to implement reforms and not a new package Thursday, 20 August 2015 20:22 Baghdad The spokesman for the Office of the Prime Minister Haider al-Abadi, Thursday, that the decisions made today are for the implementation of reforms and not a new package of reforms, and in what was considered the implementation of all reforms and demands of the demonstrators in a specific time period as "impossible",
he stressed that to be patient and understand the role of the government is required At this stage. Saad al-Hadithi in an interview with Alsumaria's News,
"The decisions made today is to implement the reforms that were issued in the current month package, not a reform package, which is about to initiate the start of the application of this package immediately," adding that "there are ceilings of time set for the many of these paragraphs. "
Sabri added that "there are some paragraphs need to be applied months or less or more and have achieved part of it," asserting that "the application of everything in the specified period of time closer to the impossible being needs time and a long effort and the government respond to the demands of the demonstrators but they do not have a magic wand, but the show patience and understanding of the role of government is required at this stage. " .
The prime minister Haider al-Abadi, decided, on Thursday, reducing the protections of officials and presidencies by 90%, and the face of the restructuring of the battalions of special protection Balriasat three, and re-allocations of the Vice President and the Prime Minister office to the public treasury, and the formation of a supreme committee concerned with the selection of candidates for senior positions. Referred to the House of Representatives voted unanimously on Tuesday (11 August 2015), the first package of government reforms.
He revealed a government source close to the prime minister Haider al-Abadi, Sunday (19 August 2015), for the latter's intention to take a large number of
Tootsie: large number of reforms to eliminate "corruption" and "nepotism". wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1793
Tootsie: ‹@Doug_W› I just can't aspire to the 'must be international to deal in bonds aspect' we will see soon enough. Custodian (l) banks take care of the securities, bonds, etc to ensure safety from 'fund managers' and so on. protect the investors ~~ good to see that ~ if soveign bonds, they have no owner of record, whomever holds the bond is the owner, so, IF they are those types , good move
Tootsie: Well, think I shall follow MichelleL and get out between rainstorms - need a couple items.
Tootsie: Take care all ~~~ “Once you can accept the universe as matter expanding into nothing that is something, wearing stripes with plaid comes easy.” ― Albert Einstein
Tootsie: as I walk out I WOULD LOVE TO BE WRONG ! Tootsie: bye
BOBBY: Tootsie..... thanks!
chattels: ‹@Tootsie› I agree on the international bond issue as unlikely being an absolute indicator of our liquidity event
chattels: If that is so then our event is predictable and I do not believe that it is or will be so
chattels: there is no " back wall " to our event nor it is absolutely certain that we will have such an event
chattels: IN MY OPINION, for whatever that is worth and increasingly I am unimpressed with my own oipnion
TxBrand: Haider Al-Abadi @HaiderAlAbadi · 2h2 hours ago PM Al-Abadi orders 90% of bodyguards for senior officials (~20k individuals) to be reassigned to join war against Daesh, saving $220m/year
chattels: Maliki policy led to dilate Daash in Iraq BAGHDAD – A. P. B Iraqi parliamentary committee announced yesterday that the rapid fall of the city of Mosul in the hands of the organization Daash caused severe weaknesses in the efficiency of the military officials who were appointed by the former prime minister of nepotism.
The committee said that the organization attack was preceded by a few days the arrest of a senior military commander in Daash admitted plan the attack and axes progress, however, this did not help Maliki in Mosul despite maintaining that the attack began without modification to the plan.
chattels: translate.google.com/tran... LINK
BOBBY: Chattels....... afternoon..... hope your well
chattels: ‹@TxBrand› ‹@TxBrand› ‹@TxBrand› reads a little like the German soldiers being sent to the eastern front in WWII
chattels: ‹@BOBBY› Not bad, thank you, you on the mend ?
BOBBY: Chattels...... i can hear myself getting fatter laying around lol
chattels: ‹@BOBBY› :)
chattels: ANALYSIS: Iraq's Maliki fights back after damning Mosul report - See more at: www.middleeasteye.net/new...
chattels: Despite a strew of allegations about Maliki’s gross mismanagement, he is unlikely to face justice say commentators - See more at: www.middleeasteye.net/new...
chattels: Bu, bu, but, Maliki is DONE,TOAST, GONE "
chattels: or so sayeth a certain pundit, ad nauseum
chattels: "He [Maliki] is very brave. He came back [to Baghdad] to face everyone," he said. "Our information suggesting that he is gathering his supporter and he will ask them to take to streets next Friday to show us what he can do," the Shia lawmaker said. "Also, now all politicians are worry and wondering which files that he will use and against whom," he said.
chattels: wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1794
Stash: seal team 6 where are you
TxBrand: ‹@BOBBY› if you don't do you exercises they tell you to for your knee...your going to be in pain from now own ... :)
Stash: therapy is very very important
Donnie: IMF: the growth rate of the Iraqi economy outlook remains positive despite the current crisis
Donnie: Long-Presse / Baghdad International Monetary Fund forecast on Wednesday to witness the Iraqi economy "improved modestly" during the current 2015 by 0.5 percent due to an increase in oil production, with incidence more contraction in activity the non-oil sector, and with the exception of the rate of growth expectations in the medium term, is still positive, although it is less than the required rates before the crisis,
he stressed that the growth will be determined by the desired height and the recovery of oil production growth rates in other sectors as well as the expected improvements to the security situation and the implementation of structural reforms. Donnie: www.almadapress.com/ar/ne... LINK
disciple7: wonder how many people M is paying off to show up to support him? :laughing:
Doug_W: he has plenty of LOOT to pay them lol