Post From Wealthwatch.world Chat Room 9-18-15
Wealthwatch Member Chat 9-18-15 Part 1 of 2 SCZIN11 in Part 2
Oneness: And about their impact on the monetary value of the Iraqi dinar, he confirmed the decision of the Finance Committee, it "will not affect the monetary value of the Iraqi dinar, as the Iraqi currency is linked to the Federal Balaanaat difficult and gold coins, and these two are linked to the cash value of the Iraqi dinar."
Oneness: Iraqi currency is linked to the Federal Balaanaat difficult and gold coins
Oneness: gotta love those gold coins ... whatever that is and means
BOBBY: Oneness..... evening
Oneness: evening Bobby
Oneness: hanging in there ... wondering if anybody has talked bout the gold coins and what it means -- also what does Federal Balaanaat mean ... ??
BOBBY: all i have seen is just copies of the orig post
BOBBY: was hoping Chattels would shed some light on the topic
Oneness: this appears as original link alnoornews.net/index.php/... LINK
Oneness: Linked to the Federal Reserve's foreign exchange and gold, these two have nothing to do with the monetary value of the Iraqi dinar " .... is bings translate
chattels: " Balaanaat " is the English spelling of an Arabic word, but no idea as to it's meaning - I do not speak Arabic
BOBBY: that makes more sense
BOBBY: i cant find anything on it
BOBBY: Not gonna lose any sleep over it lol
chattels: I find the word used in one other article from May, 2015 : " He revealed al-Bandar, for "the existence of the problems of the legal Balaanaat and complaints from the money that is holding in banks and can not be disposed of,"
he returned to "the banking sector's problems need to be radical solutions will not be identified, only direct meeting between decision-makers and concerned government agencies and the private sector."
BOBBY: Chattels. ...... any idea to whom or what there referring to ???
chattels: and " The meeting discussed the activation of project lending to sectors of industry, agriculture and housing measures where the use of the financial Balaanaat the central bank in the financing of these loans in the amount of six trillion Iraqi dinars and that these loans will give a great opportunity resuscitation economic sector and rising citizen's income through the projects to be funded this Aalkarod. "
chattels: ‹@BOBBY› No sir
chattels: ‹@BOBBY› Fit2befit may have a source / connection
chattels: Infallible stresses to speed up the enactment of laws, especially the Federal Court :: 2015/9/17 20:30 • Infallible stresses to speed up the enactment of laws, especially the Federal Court
chattels: And stressed "the need for all parties to work to ensure the success of this national project, and the development of radical solutions to all the problems of which, aggravating" the importance that the political blocs are working to resolve all laws files, and the need to speed up the enactment of laws, especially the Federal Court Act.
chattels: " the need to promote the national economy and the diversification of the state's resources through the revitalization of industry and agriculture and to find solutions to overcome the current economic crisis, and not rely on oil resources only."
chattels: "the threat from al Daash which requires all the energies to defeat this organization The terrorist, explaining the importance of investing international crowd supporting Iraq in its fight against terrorism.
"In a related development, the president said Iraq's desire to improve and revitalize the external relations and cooperation with neighboring countries, in particular the countries of the region and the world in general, and return to normal, referring to Iraq's relations with its Arab environment.
chattels: www.alliraqnews.com/modul... http://www.alliraqnews.com/modules/news/article.php?storyid=15925
BOBBY: it would be great if they could get there agricultural sector advanced
chattels: other news today emphasized the importance of the Federal Court Act
chattels: "We asked repeatedly by legislation the most important law after the Federal Court Act which oil and gas law in which great importance to maintain the oil wealth for future generations," noting that "this law is still swinging between the government and the committees in the Council of Ministers and the Ministry of Oil and the oil companies."
chattels: wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=2220
chattels: ‹@BOBBY› the Kurds are having some success with Agriculture - bumper wheat crop this year
chattels: HCL is clearly NOT DONE according to the article today
chattels: BUt that is not " Happy Talk ", so sorry to mention it
BOBBY: Chattels. .. there was a study done on tge soil over there... they found things in the soil unheard of
chattels: ‹@BOBBY› like ?
BOBBY: Chattels. ... different kinds of nutrients that stimulate crop growth .......
BOBBY: not found in this region of the world
BOBBY: agriculture could one day be a large portion of revenue besides the oil income
chattels: ‹@BOBBY› At one time Iraq was the " bread basket " of the middle east
chattels: not finding any soil information
chattels: of a " special nature www.google.com/webhp https://www.google.com/search?q=Iraqi%20soil%20nutrients&rct=j
chattels: www.ft.com/intl/cms/s/0/a... LINK
chattels: Iraq possesses “world-class” reserves of phosphate
chattels: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email email@example.com to buy additional rights. www.ft.com/cms/s/0/a7b820...
Four phosphate deposits – known as Akashat, H3, Ethna and Swab – are the most promising discoveries. Greg Fernette, from the US Geological Survey, described these reserves as “world class”.
He reminded a London conference on mining opportunities in Iraq that “all modern agriculture depends on phosphate fertiliser”, adding, “if I were investing in minerals in Iraq, I’d be visiting Anbar.” LINK
chattels: “all modern agriculture depends on phosphate fertiliser”
chattels: ‹@BOBBY› Could your article been about the phosphate reserves ?
chattels: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email firstname.lastname@example.org to buy additional rights. www.ft.com/cms/s/0/a7b820... LINK
This prospect also contains 4.2bn tons of limestone, which could be used to manufacture cement. Mr Fernette described the size of the phosphate deposits as “fantastic”.
While the grade available was a “little below average”, there was “variation and there is higher grade” material present. He noted that the global supply of phosphate is forecast to peak in 2034, while demand is likely to grow in parallel with rising food consumption.
chattels: However, Mr Shaways added that Iraq has yet to attract significant investment in mining, leaving oil as the central pillar of the economy.
“Despite all positive change and reforms in various sectors, the unilateral revenue path of the Iraqi economy continues to be a matter of concern,” he said. Any possible gains from the country’s non-oil mineral resources “have not materialised yet”.
chattels: Article date is 2011
BOBBY: it may have been, the article did mention the abundance of phosphate in the soil , was about a year ago imsaw the articl
BOBBY: pardon my spelling...... saw the article
chattels: At the risk of being negative, Iraq has been talking about these things for years.
BOBBY: all the more reason they are in the position they are now
BOBBY: i dont consider someone describing the realities as negitive
BOBBY: its a pretty vivid picture
chattels: David Romano, with whom I communicate with personally at times, posted an interesting opinion article today in Rudaw
chattels: An Administration with its Head in the Sand By DAVID ROMANO
chattels: rudaw.net/english/opinion... http://rudaw.net/english/opinion/17092015
chattels: " Mr. Obama thought the Islamic State was a “Javee team” that did not pose much of a threat, until it overran Mosul and one third of Iraq of course. They thought backing Nuri al-Maliki and more centralization of power in Baghdad was a good idea, until it very clearly wasn’t. They expected that Turkey would join them in the fight against ISIS, rather than declaring war on the Kurds who were fighting ISIS. "
chattels: He regularly travels in Turkey and Kurdistan
chattels: Oneness: smh ?
Oneness: shacking my head ... disbelief
BOBBY: Like i said earlier. .... 1166 at the end of the day tells the tale
chattels: Any commentary I make is based upon the news and not some anonymous source.
BOBBY: Chattels. ....... if people want to believe this is happening next week or Oct 1st..... good luck.....
chattels: Whether it happens sooner or later I will benefit and it will make little difference to me whether I was right or wrong - I win :)
BOBBY: Chattels. .... i just take this all in stride anymore
chattels: " Tomorrow is another day. " - Scarlett O'Hara, " Gone With The Wind "
Oneness: late night humor ..... irrational exuberance ..... :heart:
Oneness: “Irrational exuberance” is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the Dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be somewhat overvalued.
Oneness: "IRRATIONAL EXUBERANCE CAN LEAD TO FINANCIAL DESPAIR,
Oneness: IRRATIONAL FAITH, TO THE HOLOCAUST" .... holocausthagaddah.blogspo... http://holocausthagaddah.blogspot.com/
Oneness: I remember Connect the Dots pictures from when I was a kid, and, if it was a good one, you really couldn't tell what was coming until nearly the end. A word to the wise? ... www.economist.com/blogs/g... http://www.economist.com/blogs/graphicdetail/2015/09/daily-chart-13#comments
Oneness: “THE MORE TIME I'VE SPENT WITH IRRATIONAL EXUBERANCE, THE MORE I THINK IT IS ABOUT TAKING YOU SOMEWHERE FAR, FAR AWAY.” .... www.polygon.com/a/the-rac...
Oneness: Jennifer and Kevin McCoy created an interesting installation entitled "And the Band Played On," referencing the band in the Titanic that continued to play even as the ship was sinking. They manipulated the duality of irrational exuberance and looming Armageddon to comment on the current cultural moment—full of doubt, pessimism and fear on one side and decadent abandon on the other.
The installation itself creates a multi-media sensory, bi-polar experience that comments upon the notion of façade, artifice and its conflation with history-questioning the notion of the "authentic" experience. ..... www.youtube.com/watch https://www.youtube.com/watch?v=__Q3SnFlxu4
Oneness: ..... irrational exuberance ..... yes ... i enjoyed this study of humor ... :heart:
disciple7: I guess cluless wants Iraq to join the currency wars. Economist: price rise in the value of the Iraqi dinar against the dollar is not in the interest of Iraq Economy and TendersSince 09/17/2015 13:01 pm (Baghdad time)[/font][Image: c1.jpg] Special - scales News[/font]
Said economist Abdul Hassan al-Shammari, Thursday, that the price rise in the value of the Iraqi dinar against the US dollar is not in the interests of Iraq's economy, demanding to be dinar 1,500 dinars to the dollar to pay employees' salaries. Al-Shammari said L / scales News /
"The Iraqi dinar value is very strong compared to the US dollar and this is not in the interests of Iraq," stressing that "in the interest of Iraq to drop the price of the dinar so advanced and developed countries compete to lower its currency in order to export because whenever declining currency increase local exports to that country.
"And he demanded that "the Iraqi dinar 1,500 dinars to the dollar to enable the advancement of Iraq again and pay the employees' salaries," stressing that "the low salaries of the three presidencies is not enough to cover the deficit in the Iraqi budget.
"The central bank sales recorded, on Wednesday, stable in the auction for the sale of foreign currency at $ 171 million, after yesterday sold at the same price. It ended 29 quarters e www.mawazin.net/%D8%A7%D9... http://www.mawazin.net/%D8%A7%D9%82%D8%A...9%8A%D8%A9
disciple7: Parliamentary Integrity: reforms are still weak and will soon overthrow the heads of major corruption Chairman of the Parliamentary Integrity Talal Zobaie said, that reforms of Prime Minister Haider al-Abadi against corruption is still weak,
noting that "the days will see the direction the ouster of big heads." Zobaie said in a press statement that "Abadi, a difficult task especially since the heavy legacy in the fight against corruption, mafias and corruption in many government departments," noting that "al-Abadi reforms towards corruption and weak preliminary and did not check Touh Iraqis."
He added that "there is a constant interaction with the Integrity Commission to form a field committees to follow up on corruption cases, and that the phenomenon of the formation of the supervisory committees considered a precedent where a new character began to take a purely regulatory."
Zobaie and pointed out that "the judiciary began to bring a lot of ministers, agents and general managers, and that the coming days will witness uncover the truth of the corrupt in the country, as well as the ouster of the heads of adult corruption and their associates who are in some ministries" .anthy translate.googleuserconte... LINK
newbieDA: ‹@disciple7› I hate those articles, seen like three
newbieDA: ‹@disciple7› ty for sharing
disciple7: ‹@newbieDA› compliments of butifldrm and sczin11
newbieDA: ‹@disciple7› Iraq cant and shouldn't even think about devaluing
disciple7: ‹@newbieDA› agreed
newbieDA: ‹@disciple7› ya there is a couple articles talking about it, mainly economists
disciple7: that's why I don't think they will.
newbieDA: ‹@disciple7› ya, you know they need to improve value, its an import country
disciple7: im not believing it til I see its done.. too many rumors throughout the yrs to get worked up
newbieDA: that works for export countries only, I mean real goods, not just oil
newbieDA: ‹@disciple7› ya I am the same way
newbieDA: ‹@newbieDA› take it when they actually do it
disciple7: ‹@newbieDA› still a lot of corruption over there so who knows where this strategy is really coming from? maybe they aren't looking out for Iraqs best interest..
newbieDA: sczin11 had a nice little rant yesterday about them needing to add value too,it was good
disciple7: I just don't see them devaluing
disciple7: yea he has good opinions
newbieDA: ‹@disciple7› yep, security and corruption has to be taking care of, still way too much
newbieDA: we are getting there, things are moving along, being put in place
newbieDA: happy the AML Law passed
disciple7: ‹@newbieDA› if they find a way to get M imo corruption will fall dramamtically
disciple7: ‹@newbieDA› agreed
newbieDA: its all good, now just takes time to implement
newbieDA: M is hassle, a project in himself, but they chipping away at him slowly
disciple7: time to stop chipping and put the sledge through the middle of him.....
newbieDA: but they are getting of M, he feels it
newbieDA: think everyone wants a sledge lol but I am happy for each chip that comes off lol
newbieDA: as they say SOON
newbieDA: it'll be boring and alot of misdirection til the 29th Parliament comes back then
disciple7: we'll see what happens when parliament starts after this break.. im happy with their progress though
newbieDA: 50k notes and security articles I am expecting too
Comments may be made at the end of Part 2 Thank You