Post From Wealthwatch.world Chat Room 9-4-15
Wealthwatch Evening Chat 9-4-15
Donnie: The credit rating agency "Standard & Poor's" has announced that it has on Thursday, September 3 / September classification of sovereign debt of Iraq and awarded him the degree of "B-" because of the conflict with the terrorist organization Islamic state.
Donnie: The agency said in a statement that "Iraq faces the risk of once again on the level of security institutions," noting that these risks are "the highest among all sovereign countries being evaluated, especially because of its war with the organization of the Islamic state."
The Agency also alluded to "the budget and external pressures resulting therefrom because of lower oil prices in the second half of last year." Oil prices have fallen by more than half since the month of June 2014, especially because of the large-scale production of the Organization of Petroleum Exporting Countries "OPEC".
However, "S & P" indicated that Iraq has huge reserves and has substantial oil exports, thereby reducing the concerns in this area, so attached to the agency classified the prospect of a stable, saying that the country's growth will remain steady in the medium term due to the significant rise in oil production, which will ease of budget pressures.
The agency "Fitch" credit rating issued early August / last August for the first time an assessment of Iraq and gave him the same degree "B-", the third global agency "Moody's" has not yet classified the religion of the country. Source: AFP Donnie: arabic.rt.com/news/793097...
Donnie: Now people can stop "itching" about a no name credit agency called Fitch issuing a B-.
Donnie: NOW Standard and Poor's came out with a B- rating also.
Donnie: Just waiting for Moody's to step up and give a rating B- or better.
Donnie: S&P Assigns ‘B-/B’ Ratings To Republic of Iraq; Outlook Stable September 4, 2015
Donnie: The following is a press release from Standard & Poor's: OVERVIEW -- In our view, Iraq faces security and institutional risks that are among the highest of all rated sovereigns--stemming primarily from its war with ISIS--as well as significant fiscal and external pressures due to the sharp fall in oil prices in the second half of last year. -- However, Iraq benefits from massive oil reserves and high oil exports.
Projected large increases in oil production will, in our view, support economic growth and help alleviate fiscal and external pressures over the medium term. –
We are assigning our 'B-/B' long- and short-term foreign and local currency sovereign credit ratings to Iraq. -- The stable outlook is premised on our expectation that fiscal and external deficits will not worsen beyond our forecasts and that the war with ISIS will be contained.
Donnie: read the reasons in the rest of the post here: www.ibloomberg.net/s-outl...
3 Attempts page would not load - not sure if link is good
chattels: WASHINGTON — The United States on Wednesday established a new Joint Coalition Coordination Center (JCCC) near Erbil, the capital of the Kurdistan region, to coordinate efforts in countering the Islamic State, the US Central Command said in a Thursday statement.
“The JCCC will facilitate closer collaboration between the Combined Joint Operations Command-Baghdad and the Combined Joint Operations Command-Erbil to fight Daesh across all of northern Iraq,” said CENTCOM in the statement, using Daesh, the Arabic acronym for ISIS.
The statement said that the Ninewa Operations Center, which was established in Baghdad last year to orchestrate military plans and to train Sunnis as a part of preparations to retake Mosul, will also be moved to the Kurdistan region within the JCCC.
“The new center will also set the conditions to relocate the Ninewa Operations Center from Baghdad to northern Iraq to coordinate future operations in Ninewa and Mosul,” the statement said. CENTCOM said the new military center reaffirms Washington’s commitment to security forces in Northern Iraq in order to defeat ISIS. chattels: rudaw.net/english/kurdist...
chattels: I will continue to post news about the war with DAESH and those who think it irrelevant to economic matters can read S & P's rating considerations if they are unable or unwilling to make the obvious connection
Doug_W: NOT irrelevant
chattels: " Iraq faces security and institutional risks that are among the highest of all rated sovereigns--stemming primarily from its war with ISIS "
chattels: " stemming primarily from its war with ISIS "
Doug_W: The stable outlook is premised on our expectation that fiscal and external deficits will not worsen beyond our forecasts and that the war with ISIS will be contained.
chattels: " stemming primarily from its war with ISIS "
chattels: " stemming primarily from its war with ISIS "
chattels: I am not going to argue with idiots - they will wear one done (down ?) and beat you with experience :)
lonegunman: isis seems to be the opened can of worms from the pit's of hade's !! the sectarian, religious ideology and tribal thinking of Iraq only prolong's their demise in a timely fashion
lonegunman: and shame on the so called ! civilized countries of the world
lonegunman: ‹@chattels› anyone can see that isis is a factor ! but to jump start and move forward with the economy and general advancement of the population would IMO be benificial
chattels: ‹@lonegunman› no doubt - there are many issues
chattels: [Baghdad-where] Iyad Allawi, head of the National Coalition strongly criticized Prime Minister Haider al-Abadi, "saying he was" ready for his debate directly on television after he accused him of increasing pensions ".
Allawi said in a press statement: "I was amazed of charge Abadi me that I raised the level of pensions, as quoted by Al Baghdadi of video clips of him talking about what he calls the reform that did not fit."
lonegunman: ‹@chattels› yep IRAQ has issues !! lol lol
chattels: "He concluded by Allawi, his statement by saying that" This is the second attack Haider al-Abadi waged against me, when he said the first vice-president and deputy prime minister are the gate of corruption, and the second of what he said about the sad words of salaries and pensions, and I'm ready for his debate on television and Balambeshr ". chattels: www.alliraqnews.com/modul...
chattels: ‹@lonegunman› News flash, eh ? :)
chattels: Huge ! :)
lonegunman: ‹@chattels› allawi thats like calling the kettle black isnt it LOL
chattels: ‹@lonegunman› None of them or us is so very good
lonegunman: ‹@chattels› but perhaps alllawi would have been what iraq needed
lonegunman: ‹@chattels› no we are not ! and I am the cheif of sinner's,........ may i allway;s try to be humble
chattels: e] saw the capital Baghdad and several provinces Friday afternoon mass demonstrations calling for reform of the judiciary and complete reforms and the fight against corruption in state institutions. The demonstrators called for the completion of reforms and the introduction of the directives of the Supreme religious authority, especially in the serious implementation of reforms and reform the judiciary, chanting slogans calling for public services and the other condemning Ba_i_ra corruption.
Donnie: ‹@chattels› I only post news. I don't interpret. is there an issue with the S&P rating post?
lonegunman: ‹@chattels› these people have to be just sick of how things are !!
chattels: ‹@Donnie› no issue that I am aware of - I was simply quoting from the article for emphasis of my point
lonegunman: ‹@chattels› I think perhaps the middle east should look at this saying ?
Donnie: ‹@lonegunman› hence the protests I have to agree with you they are sick of how things are.
lonegunman: ‹@Donnie› yep i have an issue with the rateing should have been higher LOL
Donnie: doesn't surprise me S&P came out with a rating just before the bond sales start (if they start).
Donnie: ‹@chattels› i haven't seen all the posts of yours this week - busy getting kids ready for school and looking for a job. What issues are people having with your news posts?
lonegunman: perhaps these credit rating people should read the British geographical sociities survey of Iraq
lonegunman: ‹@Donnie› where should we start ? go ta be a whole bunch that have issues with chattels lol lmao lol
chattels: ‹@Donnie› diminishing the problem(s) caused by DAESH and questioning the relevance of security issues - all opinions without a link
Donnie: ‹@lonegunman› it's the thought of millions of dollars.... they can't face reality that those dollars are not guaranteed.
chattels: it seems like when the news is " light " that the pundits feel the need to opine
lonegunman: I want to see this come to fruition but i have a life
MichelleL: aw come on Donnie, my millions are guaranteed ROFL~ how are you? how about you chattels? lonegunman?
lonegunman: ‹@Donnie› nothing is guaranteed !!
MichelleL: sure it is Donnie lol my horror scope told me so
MichelleL: chattels, everything you say is always based on actual articles - how can anyone complain?
] chattels: BAGHDAD / National Iraqi News Agency / nina / announced an MP for the coalition of state law emotions blessing for collecting the signatures of more than 100 deputy to dismiss Parliament Speaker Salim al-Jubouri, because of his visit to Qatar in conjunction with the Doha conference.
Said in a statement today that the visit of al-Jubouri of Qatar, which coincided with the Conference what it called (the elders of sedition and traders blood and the leaders of terrorist organizations) is an insult to the blood of Iraqis and disregard for the laws and lack of respect for the legislative authority.
chattels: More SLC / Maliki disruption
MichelleL: sounds like it chattels
chattels: They made the same noises about Nujaify
MichelleL: no one can explain to me how they intend to get rid of m and his influence but one has to wonder how long this can continue
MichelleL: oh well, time for drudge :) I can read how saudi now approves of the sanctions being lifted on iran - talk about propoganda
chattels: The unidentified gunmen assassinated in the city of Kirkuk today Hussein Ali Saleh al-Jubouri, head of the Council of Hawija.
According to police source Kirkuk a press statement that unidentified gunmen assassinated Hussein Ali Saleh al-Jubouri, head of the Council of Hawija after being ambushed him as he left the Nour Mosque district through Baghdad and showered him with bullets, which led to his death on the spot.
Oneness: wow ... mosul
Oneness: town crying for help ...
chattels: ‹@Oneness› RAMADI ? FALLUJAH ? BEIJI ?
Oneness: yea ... i did read where people were saying that isil had been taken care of
chattels: 1,300 CIVILIANS DIED IN BAGHDAD LAST MONTH FROM TERRORIST BOMBS
Oneness: wow ... unreal
Oneness: i read in your news report, or somewhere, where some lawmakers have been fleeing baghdad
Oneness: easily could be the beginning of the end there
Oneness: from history ... wiki ... Iran voted by national referendum to become an Islamic Republic on April 1, 1979, and to approve a new theocratic-republican constitution whereby Khomeini became Supreme Leader of the country, in December 1979.
Oneness: .... based on the concept of Guardianship of the Islamic Jurists (or velayat-e faqih). It was a relatively non-violent revolution, and helped to redefine the meaning and practice of modern revolutions [09/04/2015 06:55:59 PM] Oneness: .... Those who care for the future of the human race may well ponder this advice. ....
Oneness: ... “If long-cherished ideals and time-honoured institutions, if certain social assumptions and religious formulae have ceased to promote the welfare of the generality of mankind, if they no longer minister to the needs of a continually evolving humanity, let them be swept away and relegated to the limbo of obsolescent and forgotten doctrines.
Why should these, in a world subject to the immutable law of change and decay, be exempt from the deterioration that must needs overtake every human institution?
For legal standards, political and economic theories are solely designed to safeguard the interests of humanity as a whole, and not humanity to be crucified for the preservation of the integrity of any particular law or doctrine.”
lonegunman: ‹@Oneness› who's advice ? lonegunman: bahai lonegunman: not going there
Oneness: @lonegunman ... hopefully we can find some common dialogue ...
Tootsie: Good Evening, for a tiny bit, before preparing dinner ~
Tootsie: Unfortunately, I can't hold a three way conversation (yet) but this long-running saga may unleash such, after so many years who knows what may/may not happen :silly:
Tootsie: No session blocked out on Parliament site , yet, probably will be couple days yet before we see an agenda
Oneness: after a dozen years of Parliamentary rule in Iraq ... filled with corruption and deceit ... i think the general populous there is looking for a different form of governing rule
Tootsie: IMO just about all the governments in the world have 'corruption and deceit' - irrespective of the type
Tootsie: in fact, I think I should remove the 'just about' in the above statement
Oneness: yet ... some biblical scholars may say something else ...
Tootsie: Crude close lower today $ 45.77
Oneness: saw gas at my local station $2.02 a gallon
Tootsie: goodness, nice, Still above that in Houston
disciple7: My Carolina Reaper peppers are growing like crazy! 2.2 million on the scoville meter..
Oneness: wow ... envious i am ... wonder what one pepper sells for in the open market
disciple7: I think $7.00
Tootsie: ‹@disciple7› pardon my lack of knowledge, what is a Carolina Reaper pepper? I am only familiar with the traditional, bells, (red, yellow,green) Jalapeno, Hatch - neither of which I use
disciple7: ‹@Tootsie› hottest pepper in the world
disciple7: ‹@Tootsie› www.crazyhotseeds.com/sho...
chattels: Karbala (AIN) –The Supreme Religious Authority calls all politicians to cooperate to achieve reforms . en.alliraqnews.com/module...
chattels: I have stated repeatedly that the announcement of reforms does not accomplish such. Legislative action is required and there must be cooperation between the political factions.
BOBBY: Chattels. ..... seems odd, religion and politics needing to mix to accomplish progress
chattels: ‹@BOBBY› Much of the middle east is inclined toward the merger of state and religion. Their constitution or interpretation thereof differs significantly from ours in that regard.
chattels: An Islamic state (Arabic: ad-dawlah al-islamīyah) is a type of government, in which the primary basis for government is the enforcement of shari'a, dispensation of justice, maintenance of law and order. From the early years of Islam, numerous governments have been founded as "Islamic."
chattels: It is modeled after the rule of Muhammad. However, unlike caliph-led governments which were imperial despotisms or monarchies (Arabic: malik), a modern Islamic state can incorporate modern political institutions such as elections, parliamentary rule, judicial review, and popular sovereignty.
chattels: Today, many Muslim countries have incorporated Islamic law, wholly or in part, into their legal systems. Certain Muslim states have declared Islam to be their state religion in their constitutions, but do not apply Islamic law in their courts. Islamic states which are not Islamic monarchies are usually referred to as Islamic republics.
chattels: Article 1: The Republic of Iraq is a single federal, independent and fully sovereign state in which the system of government is republican, representative, parliamentary, and democratic, and this Constitution is a guarantor of the unity of Iraq.
Article 2: First: Islam is the official religion of the State and is a foundation source of legislation: A. No law may be enacted that contradicts the established provisions of Islam B. No law may be enacted that contradicts the principles of democracy. C. No law may be enacted that contradicts the rights and basic freedoms stipulated in this Constitution. chattels: www.iraqinationality.gov....
chattels: en.wikipedia.org/wiki/Isl... https://en.wikipedia.org/wiki/Islamic_state
chattels: Islam is the official religion of the State
chattels: Our constitution guards against the establishment of a state religion
BOBBY: Chattels. ...... got to ask your thoughts on that
chattels: The First Amendment guarantees freedoms concerning religion, expression, assembly, and the right to petition. It forbids Congress from both promoting one religion over others and also restricting an individual’s religious practices. chattels: www.law.cornell.edu/const...
chattels: ‹@BOBBY› thoughts on ??????????
BOBBY: Chattels. ..... i have seen religion do way to much damage in my time so far - along with politics
chattels: some of the greatest attrocities in history have been commited in the name of religion
chattels: and continuing to this day
BOBBY: Chattels. ...... i fear we have not seen the last
chattels: ‹@BOBBY› there will be wars and rumors of war until the last day
BOBBY: Chattels. ....... what stiil to this day gets me is the level of brutality with Isis and the lack of response