Post From Wealthwatch.world Chat Room 9-25-15
Wealthwatch Member Chat 9-25-15 Part 2 of 2
chattels: "I've been a fighter all my life, and I've never seen such a difficult war. These guys will drive a car full of explosives through a Peshmerga barracks just to kill the Peshmergas.
They cover themselves with explosives, and if a Peshmerga comes near them, they detonate," he said. "The difference between [ISIL] and us is that they are ready to kill themselves. They are willing to blow themselves up for their cause, while we want to fight and defend our land." chattels: Sourchttp://www.aljazeera.com/news/20...:
Donnie: "BRICS and SDR are two entirely different animals. BRICS represents a group of nations offering an alternative to the western banking world, whereas SDR is a composite of a group of different currencies that all other currencies will weigh against. The nations within BRICS all have their own currency, but they will all eventually peg to the SDR…..This is my understanding so far."
Donnie: Was copied from ML post www.dinarrecaps.com/our-b... I posted it here to try and educate some people here on what the BRICS and SDR are.
Donnie: people here need to realize that the world does not revolve around Iraq
Donnie: many many variables are in play in the financial markets all around the world that are intertwined with each other
Donnie: currency markets - not so much with financial markets
chattels: ‹@Donnie› Lots of unknown pieces of the puzzle, eh ?
chattels: unknown or not understood by me :)
Donnie: the more i read the clearer the picture becomes
chattels: the more the I think that I know, the less I understand :)
Donnie: there are so many things happening behind the scenes, with many countries, all at the same time to bring about a new currency model
Donnie: everything has to be in place before the switch over can occur... hopefully Iraq will be part of the switch over and when the Dinar is valued based on the SDR model it becomes more valuable against the dollar thus giving our investment a boost in value.
chattels: not something that we are intended to anticipate
chattels: or be able to anticipate
Donnie: not at all sir. we are to just sit back and watch it unfold
Donnie: all this "guessing" as to what will be the event to cause Iraq RV is humorous
chattels: any single " trigger " will be coincidental
Donnie: i don't believe Iraq has the option to "flip a switch" to RV... It has to be part of the whole worldwide currency reform going on.
Donnie: exactly sir
chattels: the notion that Iraq can unilaterally increase the value of their currency is fanciful, IMO
newbieDA: ‹@Donnie› ‹@Donnie› evening, the only thing Iraq can do is improve their situation is the way I like think about it
Donnie: i'm so tired of reading "and i've been saying that all along"
chattels: ‹@Donnie› tired and tired of it, I am, for sure
Donnie: ‹@newbieDA› GE sir and yes Iraq has to improve whatever they can so they will be valued higher when they are valued using the SDR model
newbieDA: and they need alot to improve upon too
Donnie: so their currency will be valued higher when valued using the SDR model
Donnie: well, a shot up in oli prices will go very very far to increase Iraq's GDP
newbieDA: I would have to learn more about it, maybe someday soon we can talk about that
Donnie: selling these bonds and covering their deficits are major items as well
newbieDA: not sure about the SDR model at all
Donnie: see the link i posted above
chattels: ‹@newbieDA› ‹@Donnie› production increase is about all that Iraq can do regarding oil
newbieDA: ok, will look at history
Donnie: ‹@chattels› yes - invrease production to increase GDP and when oil prices start climbing it will be a double benefit for Iraq
newbieDA: ‹@chattels› ya, Iraq doesnt have many options
Donnie: with that refinery destroyed they will be importing a lot of their domestic fuel for years to come.
chattels: ‹@Donnie› Iraq's budget will be challenged with oil at $ 100, so they must diversify and encourage investment
newbieDA: they have to create a whole new economy, thats is what we are watching actually, them just catching up is all I see, them diversifying
newbieDA: ‹@Donnie› and repair an old economy too lol
Donnie: Iraq has so much infrastructure to rebuild it's mind boggling sometimes
newbieDA: its a mess, we know
newbieDA: exactly, true true
chattels: ‹@Donnie› property and people " rebuilding "
Donnie: thank God other countries are coming in to help - like S.Korea building that whole city outside of Baghdad
newbieDA: you two really get it, why I like talking you two
Donnie: getting the people to feel safe enough to return to Iraq is a major issue now
chattels: we need a miracle
newbieDA: ‹@Donnie› also, I reported on another city also, it was ore, could employ all of Iraq
newbieDA: did you guys catch that, or should I look for it tomorrow for you both to see
Donnie: it's a vicious circle - need safety, need jobs, need people to return to work these jobs, need money to create the jobs and increase security... where does one start?
Donnie: ‹@newbieDA› i did not see the second city being built. if u have the link i'd like to see it tomorrow
newbieDA: k will do it was an awesome story
newbieDA: ‹@Donnie› got that link if your up later
newbieDA: www.waradana.com/news/ira... LINK
newbieDA: waiting on Parliament, so blah :blink:
newbieDA: same old, same old
captl1: It's Friday and a holiday.... not to much news that isn't jibberish
newbieDA: yep, we all knew it would be
captl1: many things are happening behind closed doors.
newbieDA: although I feel real confident they will pass the Investment Law next week, which is good
newbieDA: very true capt, well put
captl1: We will all be surprised next week.
newbieDA: I think the same way, I am curious on the how well the payment system is coming along
captl1: Remember it is a nano second away
newbieDA: CBI had the testing of the final stages of the payment system last week
newbieDA: ‹@captl1› baby steps to me
Dianne777: ‹@newbieDA› so r we expecting this next week?
newbieDA: I am content with everything
captl1: ‹@newbieDA› So they sat. This could of been done months ago. They only tell us what they want us to hear.
newbieDA: ‹@Dianne777› I am expecting the Investment Law to be done next week
newbieDA: they have to be done with now and ready to vote, just my gut feeling
captl1: I agree
newbieDA: ‹@captl1› Iraq is the worst
captl1: They are the masters of deceit.
newbieDA: ‹@captl1› but they have accomplished alot, for Iraq that is
captl1: It is their way of life
newbieDA: ‹@captl1› it is, I agree, you have to learn to think like them
captl1: just remove half your brain! lol
newbieDA: ‹@captl1› and the fact is a chithole of a country, praying the come to age here soon
newbieDA: ‹@captl1› alot of big investment projects, we were talking about that last night, but still, war torn
captl1: They will always live in the dark ages
newbieDA: ‹@captl1› and they dont have too, could be like Dubia
captl1: the select few will progress the country
captl1: Tradition is a hard thing to change.
newbieDA: ‹@captl1› I started a list after the March 3rd announcement, the accomplishments are telling that they are trying to improve
newbieDA: its doesnt show well in chat, but let me paste in here
captl1: It is for their survival that they do.
newbieDA: you can see they are doing well
newbieDA: *** Accomplishments *** National Card Project - Launched 7/25/2015
Domestic Bonds - Launched 8/2/2015,
extended month of September Credit Rating - Fitch B-/B 8/7/2015 | S&P B-/B 9/4/2015 |
Moody's (P)Caa1 9/21/2015
Law of Treaties - Passed 8/13/2015
Passport Act - Passed 8/17/2015
Labor Laws - Passed 8/17/2015
CBI selling gold to public 8/17/2015
Law of Parties = Passed 8/27/2015
Warka Bank Rehabilitate - Started 09/06/2015
CBI loans - Launched 9/8/2015
International Bonds - Launched 9/10/2015
Treasury Bonds - Launched 9/10/2015
CBI Raided? Internet Shutdown? 9/12/2015 Denied 9/13/2015
National Card Project - Activated 9/13/2015
Anti-Money Laundering and Terrorism Financing Law - Passed 9/16/2015
Law of Parties appoved and signed by Iraq President 9/17/2015
Electronic Building Permit System - Launched 9/20/2015
Adoption of Smartcards - Rafidain Bank and MasterCard (International?) 9/21/2015
CBI Electronic RTGS Payment System - Finally Stages Testing 9/21/2015
Iraqi Ambassador to Saudi Arabia - Appointed 9/21/2015
Passport Act appoved and signed by Iraq President 9/23/2015
newbieDA: had to read, sorry, but for Iraq, I am happy this year
captl1: They are. I have a customer that owns a company that provides personal security there and they are down from 65 people to 3 people left in Iraq.
newbieDA: your saying they have less people working now? and its more secure and safe?
captl1: No one has mentioned their gas reserves..
newbieDA: you know, that is great news to me
captl1: me too.
newbieDA: top on my list is Security
captl1: As it should be
newbieDA: no investment will come in without it
captl1: Can't go by the lame stream media in the US
newbieDA: and the next was corruption, and Adabi is doing well, of course he is going to round #2 here soon I hope
captl1: After the holidays
newbieDA: ‹@captl1› I agree, that has been talked about before here, someone here talks about how they have family there and not to believe all the dooom and gloom
newbieDA: I keep my expectations small, so I feel and would be happy with the step of just passing the Investment Law now
captl1: Once they arrest a few of the upper shelf crooks and interrogate them Iraqi style they will sing like canaries.
newbieDA: its about time, timing feels right
newbieDA: ‹@captl1› you know, I totally agree, the first chip off is always the hardest,
captl1: Yes it is but the rest falls quickly
newbieDA: did you hear about a new govt Islamic Bank coming next month yet?
captl1: Iran is my biggest concern
newbieDA: so they could also vote on the Islamic Banking Law - 2nd Reading Complete
captl1: Isn't every bank there islamic?
newbieDA: and this one will BE govt owned
captl1: Their version of the Fed
newbieDA: its a very good article, it talks about the final stages of the payment system also
captl1: I did read it yesterday
newbieDA: ‹@captl1› I am not sure about that, the Fed would be the CBI
captl1: But the Islamic bank would be a clone od the CBI
newbieDA: I look for anything on the payment system they are setting up, its for shopping but also taxes and tariffs too I believe
newbieDA: ‹@captl1› I am not sure about that, will see what I can find
captl1: once they are accepted internationally you will see how fast things will occur.
newbieDA: ‹@captl1› I am having fun this year with the articles, most important to me when following and learning
newbieDA: ‹@captl1› thats the overall goal I look for
newbieDA: my list lol
newbieDA: Reinternaional Banking Relations Reintegration into Global Financial System Internationally Accepted Currency WTO - World Trade Organization IMF - Move to Article VIII
captl1: It is a mind boggler that's for sure.
newbieDA: it is mind boggling
newbieDA: surrounded by some good people though
newbieDA: I have learned so much
captl1: but interesting to see how one of the oldest civilizations comes of age.
captl1: ‹@newbieDA› Alot of really good people
newbieDA: ‹@captl1› they need too, the younger generation is leaving them now and they may have noticed they need a better future
captl1: Ever ask yourself why the younger ones are leaving?
newbieDA: again, its a chithole, war, no work, no future
newbieDA: nows their chance
captl1: but they are leaving their heritage behind or maybe there is an ulterior motive.
Doug_W: what might that B Leo?
captl1: touchy subject
newbieDA: without a doubt, resources, foreigners want their resources
newbieDA: Conscious / stomach more than a dozen laws for a vote after the feast 24/09/2015 11:32 | Number of Views: 190 font size: font_decrease.gif font_enlarge.gif 1440488206_2.jpg
Conscious / Baghdad / FS Detection of the House of Representatives deputy rapporteur on the mass of the citizen Niazi architecture Ihsanoglu, Thursday, for the preparation of more than a dozen laws; for a vote after the Eid al-Adha.
Ihsanoglu said in a statement I followed (and the Iraqi News Agency Information / INA) that "after the festival there will be rounded in views regarding the laws that have been stalled in the House legislation for many years; the lack of political consensus on the paragraphs."
He noted the presence of a lot of pressure by the Iraqi street, and some politicians who are working on the legislation of laws away from the same quotas that have delayed the adoption of those laws. He stressed that there are more than 10 important laws will be voted on after the festival, including the Federal Court Act, the civil service, unified and retirement. "
newbieDA: be happy with just the Investment Law, it should be done
captl1: It is done IMO
newbieDA: my worry is the laws that are National Reconciliation Plan & Reform Laws related
newbieDA: I dont have much faith there
newbieDA: National Guard - 2nd Reading Complete Federal Civil Service Law - 2nd Reading Complete Federal Court Act Justice and Accountability Law Amnesty Law - 1st Reading Complete Erbil Agreement OIL & GAS (HCL) Article 140