Post From Wealthwatch.world chat Room 7-18-15 Part 2 of 2
Late Night & Early AMv OOTW & Sczin11 Chat
MichelleL: whats art 14 please?
MichelleL: I get mixed up with my x's and v's - forgive me
sczin11: ‹@MichelleL› DESCRIPTION OF ARTICLE STATUS IS FOR ANOTHER TIME, BUT YOU CAN FIND IT ON IMF SITE,MAND IN OUR FORUM IN IMF THREADS AND RESEARCH CATEGORY..
MichelleL: Article XIV: Transitional Arrangements Section 1. Notification to the Fund Each member shall notify the Fund whether it intends to avail itself of the transitional arrangements in Section 2 of this Article, or whether it is prepared to accept the obligations of Article VIII, Sections 2, 3, and 4.
A member availing itself of the transitional arrangements shall notify the Fund as soon thereafter as it is prepared to accept these obligations.
Section 2. Exchange restrictions A member that has notified the Fund that it intends to avail itself of transitional arrangements under this provision may, notwithstanding the provisions of any other articles of this Agreement, maintain and adapt to changing circumstances the restrictions on payments and transfers for current international transactions that were in effect on the date on which it became a member.
Members shall, however, have continuous regard in their foreign exchange policies to the purposes of the Fund, and, as soon as conditions permit, they shall take all possible measures to develop such commercial and financial arrangements with other members as will facilitate international payments and the promotion of a stable system of exchange rates.
In particular, members shall withdraw restrictions maintained under this Section as soon as they are satisfied that they will be able, in the absence of such restrictions, to settle their balance of payments in a manner which will not unduly encumber their access to the general resources of the Fund.
Section 3. Action of the Fund relating to restrictions The Fund shall make annual reports on the restrictions in force under Section 2 of this Article.
Any member retaining any restrictions inconsistent with Article VIII, Sections 2, 3, or 4 shall consult the Fund annually as to their further retention.
The Fund may, if it deems such action necessary in exceptional circumstances, make representations to any member that conditions are favorable for the withdrawal of any particular restriction, or for the general abandonme
MichelleL: thanks, got it
sczin11: SUFFICE IT TO SAY, ARTICLE 14, IS PROVISIONAL, WHERE THEY ARE GIVEN AN OPPORTUNITY TO FIX PROBLEMS, AND RETURN TO 8
sczin11: OK BACK
MichelleL: ok, sorry if I sound obtuse, what does this have to do with Melli bank again?
Doug_W: ‹@MichelleL› PLEASE go drink ur coffee
MichelleL: sob drank it all
sczin11: ‹@MichelleL› TRYING TO DISSECT THE IMPACT OF THE ANNOUNCEMENT...AND ASCERTAINING WHETHER OR NOT
sczin11: THIS WILL IMPACT MR OR MALIKI OR WHAT..
sczin11: AND WHY THIS ANNOUNCEMENT WAS MADE AT ALL
MichelleL: I see - apparently as usual, no confirmation on M getting outa dodge
sczin11: WHAT HAPPENED THAT PROVOKED SUCH DRASTIC MOVE
sczin11: MY POINT WAS, IF IT HAD TO DO WITH THE ARTICLE STATUS
sczin11: WOULDNT IT AFFECT ALL IRANIAN BANKS
sczin11: WHAT KIND OF LIST IS THIS REFERRING TO
MichelleL: I would assume so, unless this one was on a hit list - wasn't warka on one a while back?
Doug_W: UNLESSD they were directly helping M launder money 11
sczin11: THE SECOND TRANSLATION, CLEARLY SPOKE VOLUMES
MichelleL: try all of iran doug
sczin11: PROHIBITED LIST INTERNATIONAL
sczin11: EMBARGO LIST INTERNATIONAL
sczin11: WHEN U LOOK AT LINK LATER, YOU WILL SEE THE HIGHLIGHTED PHRASEOLOGY
MichelleL: so they've made many factions angry - transactions with them are banned everywhere?
MichelleL: will do
sczin11: ‹@Doug_W› POSSIBLY
Doug_W: another thought is: maYBE SINCE THEY ARE TRYING TO b ACCEPTED BY THE WORLD AS LEGIT THEY "LOOKED" AT THE LIST FOR THE FIRST TIME n GOT SCARED
sczin11: ‹@Doug_W› OR THEY WERE DIRECTED TO THE LIST AS PART OF NECESSARY REQUIREMENTS, TO COMPLETE INTERNATIONAL ACCEPTANCE AND COMPLETION OF MR
MichelleL: so Iraq is voluntarily remaining in XIV instead of going into ch 8?
sczin11: BY THE IMF AND WB
Doug_W: Xzactly 11
Doug_W: same net effect
sczin11: ‹@MichelleL› THEY HAVE STATED RECENTLY THEIR DESIRE TO ENTER ARTICLE VIII, AND THESE ARE PART OF THE CORRECTIONS NEEDED TO BE DONE TO BE ELIGIBLE
MichelleL: I see from that chat, in 14 they are pegged to the dollar - so this is like biding time for them
sczin11: AND TO GET TO THE END, THIS IS HOW THE CHAT BEGAN LAST NITE...IF YOU NOTICE BUTIFLDRM's FIRST LINE IN THE TEXT, IT WAS ADDRESSED TO ME...RESPONDING YET AGAIN TO OUR BACK N FORTH ALL DAY
sczin11: ‹@MichelleL› I BELIEVE THAT IS THE OPTION THEY ARE CHOOSING TO GO
sczin11: SO HERE IS THE CHAT LINK wealthwatch.world/showthr...
MichelleL: Thanks for your patience and explanations, Sczin - muchly appreciated!
MichelleL: I'll make a fresh pot of coffee and re-read it - thanks again!
sczin11: HERE IS THE THREAD LINK THAT STARTED IT ALL wealthwatch.world/showthr...http://wealthwatch.world/showthread.php?tid=1155
sczin11: AND ABOUT WHAT YOU FORGOT TO REMIND ME
sczin11: THE BLACKLIST...
Doug_W: better make 2 pots Michelle
sczin11: HAD NO TIME, WILL TRY THIS WEEKEND TO FIND MORE INFO
Doug_W: thanks Fl 11
MichelleL: lol Sczin
sczin11: BUTI SAYS IT WOULD BE THROUGH OFAC, AS THEY ARE IN CHARGE OF BANKS, AS THE IMF IS NOT
MichelleL: bbiab :) Looking forward to more, Sczin
Doug_W: ‹@sczin11› thanks again Pal
sczin11: ‹@MichelleL› REALLY ? LOL
sczin11: MY PLEASURE
Doug_W: bbl time 4 the Morning Mayhem report on Ch 13 from Tampa
tourman: could Iran be influencing Iraq's MR progress?
sczin11: ‹@tourman› OF COURSE THEY COULD....WILL THEY SUCCEED AT THIS POINT IN STOPPING IT? DOUBTFUL
tourman: seems Iraq is trying to isolate that influence
sczin11: ‹@tourman› THE ABADI PLAN IN ACTION
tourman: alot of juking and dodging going on to get compliant with some 3 letter agencies
Captsalt: Good morning. New to the group; been reading on Dinar Recaps for some time and thought I'd join in. I've been in the IQD game since Feb 2004 and, yes, I'm MORE than ready! :)
sczin11: ‹@Captsalt› WELCOME SO GLAD YOU CAME IN
Captsalt: I've been quietly involved with a couple other groups that have disappeared or grown very quiet. Nice to join you.
sczin11: ‹@Captsalt› PLEASE TAKE SOME TIME TO NAVIGATE OUR FORUM AND ACQUAINT YOURSELF WITH ALL THERE IS TO OFFER THERE
sczin11: AND FEEL FREE TO ASK QUESTIONS ALL THE TIME
Captsalt: I'll do that and thanks for the offer to help.
Captsalt: I certainly appreciate the Mission Statement! As I'm in my 12th year with this, I really don't have time for the hype (The main reason I left the other chats). Thanks again for the welcome and I look forward to learning with you all.
BOBBY: sczin... in what way do you feel Iran is an infulence?
BOBBY: tourman... can you explain what three letter agencies you mean please?
Captsalt: I'm "listening" but can't answer for him. :)
Captsalt: Thank you. Unfortunately, I have to work today and can't stay this morning. I've been reading in the Forum area and certainly like what I see. This should add some fresh perspective.
] keli15: Is anyone here. I am wondering if you all know when parliament will be in process again?
Doug_W: ‹@keli15› no idea
keli15: I'm just wondering because I don't see any laws being voted on. Today is the 18 isn't parliament suppose to return
keli15: Today and vote on laws that needs to get passed to move forward with their economy
Doug_W: tomorrow I believe
Doug_W: today is like our day off
Doug_W: yesterday was their religious (Church) day
keli15: Oh Okay thanks and update regarding the news
keli15: Sorry I meant any update on news
Doug_W: lots of news but nothing U can spend lol
Doug_W: so from that stand point its SOS DD
keli15: I know seems like they are spinning their wheels and not getting anywhere
Doug_W: cooking supper bbl
Doug_W: cabbage rolls
keli15: Ok too early for me going back to sleep. Ttyl yum yum cabbage rolls
sczin11: FYI.... EID ENDS SUNDAY FOR SOME, MONDAY FOR OTHERS...PARLIAMENT HAS NOT ANNOUNCED WHEN THEY RESUME...COULD B MONDAY WEDNESDAY OR THURSDAY...WE WAIT
Doug_W: WE WAIT....