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Wealthwatch Late Night Early AM Chat 1-8-16 Part 2 of 2
chattels: A member of the parliamentary finance: the government is unable to face the repercussions of the drop in oil
chattels: The Iraqi government is considering several options to address this deficit and secure the war on terrorism and the lack of imports expenses through the possibility of postponing the payment of staff salaries or partial sale of state property of land and privatization of some government institutions in addition to the two loans Alforeigh.
chattels: Tariffs ? How significant are they in the great scheme of financial matters for Iraq ? My sense is that too much is being made of them relative to our liquidity event and as a solution to Iraq's economic woes.
chattels: DEFINITION of 'Tariff'
chattels: A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. A specific tariff is levied as a fixed fee based on the type of item (e.g., $1,000 on any car).
An ad-valorem tariff is levied based on the item’s value (e.g., 10% of the car’s value). Tariffs provide additional revenue for governments and domestic producers at the expense of consumers and foreign producers. They are one of several tools available to shape trade policy.
chattels: BREAKING DOWN 'Tariff'
chattels: Governments may impose tariffs to raise revenue or to protect domestic industries from foreign competition, since consumers will generally purchase foreign-produced goods when they are cheaper.
While consumers are not legally prohibited from purchasing foreign-produced goods, tariffs make those goods more expensive, which gives consumers an incentive to buy domestically produced goods that seem competitively priced or less expensive by comparison.
Tariffs can make domestic industries less efficient, since they aren’t subject to global competition. Tariffs can also lead to trade wars as exporting countries reciprocate with their own tariffs on imported goods. Groups such as the World Trade Organization exist to combat the use of egregious tariffs.
chattels: Governments typically use one of the following justifications for implementing tariffs: To protect domestic jobs. If consumers buy less-expensive foreign goods, workers who produce that good domestically might lose their jobs. To protect infant industries.
If a country wants to develop its own industry producing a particular good, it will use tariffs to make it more expensive for consumers to purchase the foreign version of that good. The hope is that they will buy the domestic version instead and help that industry grow.
To retaliate against a trading partner. If one country doesn’t play by the trade rules both countries previously agreed on, the country that feels jilted might impose tariffs on its partner’s goods as a punishment. The higher price caused by the tariff should cause purchases to fall.
To protect consumers. If a government thinks a foreign good might be harmful, it might implement a tariff to discourage consumers from buying it.
Doug_W: that only works when goods are made domestically
chattels: The greater significance and consequence of the imposition of tariffs in Iraq for our event may be INFLATION.
chattels: I have never seen any revenue projections to the State of Iraq as a result of the tariffs.
chattels: What domestic products has Iraq to protect as Doug W points out ?
Doug_W: camels and goats maybe?
chattels: ‹@Doug_W› :)
chattels: 1-8-2016 Newshound Guru Kaperoni Article: "Central bank: Stamping contracted 10 000 specie to diversify their savings and get a 24 carat gold" Quote: "...a confirmation of his announcement earlier intention to sell gold different weights for those wishing to purchase it from the citizens..." Just think of all the dinar the CBI will collect selling these coins.
We are beginning to see some momentum. If you think about it, Iraqi's are giving up a big stack of worn out paper for a coin. 20 million dinar is like 26 coins. Much easier.
chattels: I do see how the issuance of gold coins could reduce the paper money supply in Iraq. But why would such action be limited to a commemorative edition ?
Doug_W: again that is a good Q ?
chattels: Another day in " dinarland " with more questions than answers, eh ?
chattels: Could it be a " trial program " ?
Doug_W: it IS Iraq "C"
Doug_W: anything is possible
chattels: One would like to think that such a potentially important / significant process would not be subject to the vagaries of trial and error, eh ?
chattels: ‹@Doug_W› True dat ! :)
chattels: So much for a great " master plan " regarding our speculation in the IQD, eh ?
chattels: Sometimes I rue the day that I ever got involved with this process.
Doug_W: I just "ride the wave" and do not try too hard ti "understand" since I have NO control anyhow
Doug_W: life is easier that way in this venture
chattels: ‹@Doug_W› This is all your fault ! :)
Doug_W: <<Big shoulders
chattels: Deputy calls for the three presidencies because aware of the seriousness of reference Sorry for not implementing reforms
chattels: called the National Alliance MP Mohammed Allkash, the three presidencies "legislative, executive and judiciary", to be aware of the seriousness of the religious authority Sorry for the lack of implementation of the reforms on the ground.
chattels: Medhat al Mahmoud being included in the " mix ".
chattels: Abadi: the collapse of oil prices will be the strength and usefulness of us
chattels: 20:42:13 2016-01-07 | (Voice of Iraq) - Baghdad said Prime Minister Haider al-Abadi, Thursday, that the collapse of world oil prices would be a "force" for Iraq and the "benefit" of stimulating positive, as called for activating the single window in the investment,
he expressed regret for the decline in palm cultivation in Iraq. He said Abadi, during a meeting with the private sector delegation Economic Organizations for investment and reconstruction, according to a statement, "The country faces a serious challenge, along with terrorism and of lower oil prices,"
adding that "the collapse in oil prices will force us and The benefit to stimulate positive and which we began by promoting industry and pressure government and accelerate the reform of expenditures.
"He added Abadi," that we are serious in partnership between the private and the public sector, but we are suffering from, represented that the change does not have to change the laws of only a problem but rather to change the stereotyped thinking and this requires cooperation to overcome ",
calling for" activating the single window in the investment and implementation true look through sound specialist to follow the shortest way to reach the goal. "
chattels: Talk about searching for the " silver lining " in potential disaster .......................
Doug_W: well U can't blame them 4 that
chattels: Kurds digging «trench» to demarcate their borders, ..............
chattels: " ................. «Daash» is not the end but the means and the opportunity for the Kurdish forces to impose a fait accompli in Iraq and Turkmen by digging this trench in lost weakness of the central government ............... "
chattels: "This national project is implemented with the support and advice from international experts paint a cross-GPS service, include conflicting forth in Article 140 of the constitution areas,
Read more: www.sotaliraq.com/newsite...
chattels: The Kurds are busy preparing and posturing for every benefit / advantage post DAESH. IMO.
Doug_W: looks that way
chattels: " ............. the Kurdish forces to impose a fait accompli in Iraq ............. " and specifically Article 140 implementation as I have opined in the past.
chattels: Reidar Visser @reidarvisser 2h2 hours ago In sign of impatience with Iraqi politicians Shia clergy use Friday prayers to say "no real reform" achieved in 2015
Doug_W: that is like "tell us something we DON'T know"