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Wealthwatch OOTW News & Comments 1-27-16 Part 1 of 3
Donnie: NYSEVerified account @NYSE Jan 19 New York, USA ACE and @Chubb are now one, creating a global insurance leader (NYSE: $CB)
Donnie: Nick Pritzakis @NickPritz 2h2 hours ago $CB 2/19 $110 straddle implying a 6.2% move
Donnie: "creating a global insurance leader". anything with the words Global and Leader catches my attention.
Donnie: ditto: i've talked about Iraq and Iran being tied together since last year
Donnie: Market turmoil threatens Fed's rate-hike plans
Donnie: Turmoil in world financial markets and growing fears of a China-led global economic slowdown threaten to derail the Federal Reserve's plans to soon start raising interest rates from near zero, dimming the chances of a September lift-off.
A near 9-percent dive in Chinese shares on Monday triggered sharp sell-offs in Asia and Europe, wild swings and losses on Wall Street, and knocked crude prices to new multi-year lows.
The rout, which follows weeks of jitters over the extent of China's economic troubles and their effect on the rest of the world, convinced investors that the Fed would hold off with action until some semblance of calm returns.
"You would be insane to raise interest rates when markets are in such turmoil," said Martin Barnes, chief economist at BCA Research in Montreal. Donnie: www.reuters.com/article/u...
OOTW: yes Donnie the potential connection is interesting
OOTW: THIS JUST IN...TRANSLATION OF ALRAFIDAIN VIDEO "PREDICTION THAT THE VALUE OF THE DINAR WILL COLLAPSE THIS YEAR" wealthwatch.world/showthr...
*SCZIN11: WHY?? Plan to create the highest building in the world in Iraq
*SCZIN11: a report published by "CNBC" Company "AMBS" architectural design revealed she described the future of Iraq, which includes preparation for the establishment of the tallest building in the world consisting of four interconnected towers 1152 meters high. =1.3125rem
According to architect engineers director of the company, "Marcos de Andre" that the priority in the design was distinctive was not just ambitious, it has taken into account the high technology and the launch of a building to serve as a vertical city and connecting Towers horizontally, and will be the most stable - the building, he said. =1.3125rem"De Andre" and reported that the building will be located in the Iraqi city of "Basra," which contains the country's main port and is site of the oil industry,
it said the project is still just under design turmoil plaguing Baghdad over the 13 years. =1.3125remHe described the "de Andre" "Basra" as a safe city, pointing out that the building will provide 100% of energy from renewable sources - often solar-powered. =1.3125rem
This comes with the continuation of military operations in Iraq against al "Daash" terrorist who is still in control of vast tracts of land.
ladyfox: WOW, so they will build tallest building in the world. great meaning behind that. old sunday school lesson.
Doug_W: share it Foxxy plz
lonegunman: Parliamentary: Central Bank of Iraq is watching the financial crisis without plans for the future Wednesday 27-01-2016 | 3:42:35 J p J p Twilight News / MP accused Zainab Arif visual Wednesday the Iraqi Central Bank that he has no future plans in light of the financial crisis experienced by the country.
Basri said in a statement responded to Twilight News, it's necessary, "said the Iraqi Central Bank to prepare a plan for the coming years with respect to the face of the financial crisis plaguing the economy of Iraq."
"The Central Bank's mission is focused on the development of policies, programs and mechanisms to do with regard to monetary policy and means of supervision and control over the banking sector, until 2020 with confirmation main goal, which is to address inflation and growth in the contribution of the banking sector to the GDP."
Visual and called for "the application of the mechanics of flexible and transparent to ensure the participation and the private banking Government, both sector by moving the Iraqi economy in lost current crisis and was one of the reform packages is the launch of loans for industrial and agricultural bank and housing but the central bank did not announce when it will launch the loans despite the allocation of $ (five trillion dinars) to her". lonegunman: translate.googleuserconte...
OOTW: HI EVERYONE I WOULD ENCOURAGE YOU TO GO BACK TO THE VIDEO TRANSLATION I POSTED
OOTW: THERE SEEM TO BE SOME KEY ASPECTS IN THE TRANSLATION PEOPLE ARE MISSING
OOTW: I POSTED LATE LAST NIGHT FROM MY PHONE SO IT WASN'T EASY TO HIGHLIGHT
OOTW: HERE IS A PRESS RELEASE FROM ALSABAAH, APPROVED BY THE PARLIAMENT - WHICH STATES MUCH OF WHAT'S BEEN ACCOMPLISHED (OR NOT AS THE CASE MAY BE) BY PARLIAMENT IN THE LAST YEAR
OOTW: I WILL NOTE THAT I HAVE BROKEN THE ARTICLE INTO SECTIONS
OOTW: TO MAKE IT EASIER TO READ OOTW: wealthwatch.world/showthr...
Doug_W: "Correction" ERh? Doug_W: EH^ Doug_W: 1 IQD = 1 USD is a "correction"
OOTW: lol we'll see
OOTW: HERE'S THIS
OOTW: He wrote: January 27, 2016 [Image: %D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%A7%D9...50x229.jpg]Announced for the economic and investment commission member of the parliamentary proof Mamouri, the start of the initial preparations for the port of Faw in Basra province's "international" investment conference.
Said Mamouri, a copy of "his committee embarked months ago to address the relevant authorities in order to speed up the completion of this vital project by investing the way, after we found the inability to provide the necessary funding to him through the budget, which have been adversely affected, down Iraq's imports, which depends on oil as a main source of funding allocations ".
OOTW: He added that "the prime minister as well as the Ministry of Transportation approved the transfer of the project by investing, where a committee was formed of all relevant actors include representatives from the economic and investment commission in Parliament and the Council of Ministers and the Ministry of Transport and representatives of the province of Basra and maritime transport,
which will begin its meetings soon for the purpose of preparing for the conference a major international investment will take place in Basra called him international companies specialized in this type of project. "
OOTW: Almamori He pointed out that "the Commission will examine the possibility of allocating part of the project over the stock system, ie the shares are offered direct to subscribe to the Iraq Stock Exchange and here we will let citizens contribute to the project, one of the best types of investment which would accrue to the shareholders good profits."
However, that "what is important is the completion of the project, which will be imports no less important for oil imports, not to mention that it will provide jobs for large numbers of young people and operate related sectors." OOTW: wealthwatch.world/showthr...
OOTW: BREAK NEXT ARTICLE
OOTW: Member economy parliamentary rule out the arrival of Iraq's financial disaster He wrote: January 27, 2016 [Image: %D8%A7%D9%84%D9%86%D8%A7%D8%A6%D8%A8%D8%...50x184.jpg]
Excluded member of the Committee of Economy and Investment parliamentary Najiba Najib, the arrival of Iraq to the size of "financial disaster" in the current year, as can be shown that the provision of employees' salaries and social protection "effectively".
Najib said, "There are expectations that oil prices up after the middle of this year to 50 or $ 60 as they were last year," emphasizing that "the international community must come together with Iraq, especially on the issue of oil prices."
OOTW: She said Najib, that "there are measures to address the financial crisis, including the sale of property the state-owned in most Iraqi cities and have great values," pointing out that "those responsible for the Real Estate State file indicated that he could return property to the state funds estimated at $ 10 billion a month." .
And he showed a member of the economic and investment commission in Parliament, that "Iraq needs a month to more than $ 7 billion in order to pay salaries and social protection network and the obligations of the war," pointing out that "the state can provide the employees' salaries, social protection and effectively covered during the current year, while the issue of appointments will not have no chance. "
OOTW: Najib has ruled that "the country up to the scale of the disaster in the current year," adding that "the country has the financial and economic capacities of mankind if used wisely and Rosetta will emerge from the crisis". And the impact of lower oil prices on the public budget for Iraq dramatically, which led some state officials to refer not to the government's ability to give the employees' salaries during the current year.
OOTW: THERE WAS A PRESS RELEASE FROM THE PARLIAMENT SITE TODAY ADDRESSING THE ACCOMPLISHMENTS (OR NOT) OF THE HOR
OOTW: THERE ARE SOME INTERESTING STATEMENTS IN THIS PRESS RELEASE WHICH WAS PUBLISHED, WITH GOVT APPROVAL, AT ALSABAAH
OOTW: HERE IS ONE STATEMENT
OOTW: and the law of the General Authority to monitor the allocation of federal revenue (THE PARLIAMENT SITE STATES THIS HAS HAD ONLY ONE READING...
THIS ARTICLE IMPLIES ITS PASSED..HMMM..IF SO AND THIS IS THE FEDERAL REVENUE LAW WE'VE BEEN WATCHING THEN WE SHOULD SEE HCL SOON - AS THE FEDERAL REVENUE SHARING LAW IS AN ADJUNCT LAW TO HCL» .
OOTW: NOW IT'S NOT CLEAR IF THIS IS THE FEDERAL REVENUE SHARING LAW
OOTW: OR A LAW PERTAINING TO DISTRIBUTION OF REVENUE FOR GOVT WORKS
OOTW: ACCDNG TO THE PARLIAMENT SITE THE FEDERAL REVENUE SHARING LAW HAS HAD ONE READING
OOTW: AND HERE IS THIS STATEMENT
OOTW: He pointed out that« the Council approved a legal Moisntin for the years 2015 and 2016 in the same year 2015 and this is happening for the first time in the age of the legislative institution after 2003. » And that «a vote on the federal budget for 2015, the date of the law, on Thursday, 01.29.2015
OOTW: THIS SEEMS TO IMPLY THEY VOTED ON THE (AT LEAST FUND ALLOCATIONS) 2015 AND 2016 BUDGET AT THE SAME VOTE
OOTW: AGAIN THERE'S MUCH INFO IN THIS PRESS RELEASE AND I'VE BROKEN IT INTO POINTS FOR EASIER READING OOTW: wealthwatch.world/showthr...
OOTW: Urgent Obama signed a decree to lift the sanctions on Iran History of edits:: 2016/1/27 18:41 • 198 visits readable [Image: story_img_56a8e3b18f517.jpg] [Follow-up - where] the White House said today that President Barack Obama signed a decree to lift the sanctions for Aaran.itba
OOTW: YESTERDAY WE SAW SALEH QUOTED IN SEVERAL ARTICLES STATING THAT THE IMF GRANTED IRAQ SOFT LOANS
OOTW: THERE'S AN ARTICLE OUT TODAY , QUOTING JOSH CHRISTIAN OF THE IMF, WHO IS SAYING THIS IS NOT THE CASE
OOTW: I ABSOLUTELY CANNOT FIND ANYTHING FORMAL FROM THE IMF ON THIS
OOTW: SO FAR IT'S ONLY AN ARTICLE ORIGINATING FROM ALMADA/LONG PRESS
OOTW: HERE IS A QUOTE FROM THIS ARTICLE OOTW: wealthwatch.world/showthr...
OOTW: The International Monetary Fund, the central institution in the international monetary system, any system of international payments and currency exchange rates, which allow for commercial transactions between different countries,
and aims to prevent crises in the international system by encouraging different countries to adopt sound economic policies, as members can take advantage of its resources, to address what they are exposed to balance of payments problems,
and include the legal objectives of the Fund to facilitate the expansion and balanced growth of international trade, and to achieve stability of exchange rates, and to avoid competitive devaluation of currency values, and a correction organizer imbalances balance of payments experienced by different countries.
OOTW: SO WHILE THIS ARTICLE STATES THAT THE IMF DENIES GRANTING ONGOING SOFT LOANS TO IRAQ,
THE QUOTE OF THE PURPOSE OF THE IMF (WHICH INCLUDES THE IMPLICATION TO HELP NEEDY COUNTRIES) DETAILING WHAT THE IMF DOES
OOTW: JUST SOMETHING TO NOTE
OOTW: WHILE THIS ARTICLE STATES THAT IRAQ WILL DEPEND ON DOMESTIC BORROWING
OOTW: Punitive: Iraq will depend domestic borrowing during the current year He wrote: January 27, 2016 [Image: %D8%A7%D9%84%D9%86%D8%A7%D8%A6%D8%A8-%D8...00x300.jpg] Said the parliamentary finance committee member Husam punitive, that 2015 did not witness any external borrowing of Iraq,
but of the International Monetary Fund, noting that the borrowing from the IMF is the legitimate right of any country going through a financial crisis, revealing that Iraq will depend domestic borrowing this year to cope with the crisis Finance and budget deficit.
He said punitive in a press statement that "Iraq has not borrowed from abroad, but from the International Monetary Fund last year, which is proof of the government's control over financial expenses and fulfill all the obligations of the state,"
pointing to the existence of international agreements with the International Monetary Fund to get the money a few interest rate Traffic at the very economic crisis.
He stressed that "Iraq will be adopted in the current year on internal loans from the government and commercial banks and issuing bonds to the public and remittances treasury and leave the resort to foreign loans."
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