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Wealthwatch OOTW Sunday News & Comments 2-28-16 Part 3 of 3
OOTW: AS STATED ABOVE, THEY DO NOT NEED SO MANY PRIVATE BANKS, MANY OF THESE BANKS ARE IN DANGER OF BANKRUPTCY (OF COURSE, PEOPLE WON'T PUT THEIR MONEY IN THE BANKS) AND OTHERS ARE NOT PAYING THEIR DUES
OOTW: .. indicating that the intervention of theowners of the banks in politics Administrative and professional private banks eliminates the role of the executive management .. and the first of these priorities are re - examine and evaluate the reality of private banks and to recommend Bdharoh banking mergers to strengthen this sector.
Director General of the trade bank of Iraq Hamdiya dry indicated that the status of some of thebanks is very difficult now , and is unable to fulfill its obligations to its customers
OOTW: OWNERS OF THESE BANKS ARE SELF INTERESTED MEMBERS OF GOVT
OOTW: BIG ISSUES WITH THE PRIVATE BANKS
OOTW: THEY'RE BLEEDING OUT...NO FUNDS - AND IN EFFECT, THIS IS SHORTING CUSTOMERS THEIR FUNDS/DEPOSITS HELD
OOTW: .. indicating that foreign banks , which was treated by the central bank , similar to the Iraqi banks have caused a lot of damage to the sector of the Iraqi banking and these banks have not been able so far to finance any investment project because the law prevents them from owning land or equipment that qualifies them for such events ..
required to address the situation Almsrav foreign to their ability to invest in Iraq support. Dry the central bank also asked to speed up the issuance of e - dinar to help achieve the country 's economic resources. Industrial expert Hashim Atraqchi ..
Between a case of foot - dragging in the implementation of the central bank 's initiative in lending to the private sector 6 trillion dinars by not putting the appropriate especially for project controls Industrial .. calling for the formation of a committee to develop mechanisms for the granting of these loans and determine the interest rate and monitor implementation.
OOTW: FIRST ISSUE...THE INSTITUTED THE E-DINAR PAYMENTS TO FORCE MONEY INTO THE BANKS VIA ELECTRONIC DEPOSITS
OOTW: THEY'RE USING MONEY EARNED ON THESE DEPOSITS TO FUND PROJECTS
OOTW: IF I WERE IN IRAQ, I WOULD NOT BE KEEPING MY MONEY IN THE BANKS
OOTW: I'M SURE MANY ARE NOT, OBVIOUSLY , BY THESE STATEMENTS
OOTW: WE HAVE SEEN LEGISLATION IN THE HOR, SPEAKING TO ISLAMIC BANKING RE COMMERCIAL LOANS
OOTW: NOT THE ISLAMIC BANKING ACT, THAT'S DIFFERENT
OOTW: THIS LAW EFLAFS (SP?) LAW - IT'S A LAW THAT GOVERNS INTEREST RATE FOR GOVT BORROWING
OOTW: IT'S ONLY HAD ONE READING THAT I RECALL
OOTW: REMEMBER THAT THE 2016 BUDGET ADDRESSES THE NEED FOR THE FINANCIAL ADMINISTRATION ACT
OOTW: THIS IS A LAW REGULATING (IN PART) HOW THE GOVT RECEIVES MONEY AND FOR WHICH PROJECTS/WHY - JOBOURI STATED THAT THE HOR HAD A STRONG NEED TO GET THIS PASSED
OOTW: Dr. Ibrahim al - Obeidi , a researcher emeritus at the House of wisdom called on the Central Bank in collaboration with the Ministry of Finance to encourage those close to the staff of retirement to retire to make way for the new Angels thus reducing unemployment rates and job feminine body of the state.
Through the enactment of appropriate laws and regulations for that. Businesswoman Zainab al - Janabi , confirmed that the central bank 's strategy gave the banking sector a splash of hope but the reality of private banks very painful , there are a lot of restrictions and procedures that restrict the work of these banks
OOTW: AGAIN, WE NEED LAW REVISION TO DEREGULATE SOME OF THE LAWS
OOTW: AND THEY'RE ADVISING TO FORCE RETIREMENT ON IRAQI GOVT EMPLOYEES TO MAKE WAY FOR NEW YOUNGER EMPLOYEES WHO CAN RECEIVE/HAVE THEIR MONEY FORCED, INTO THE BANKS VIA EDINAR
OOTW: .. referring to investment and industrial cities that request sums up to $ 450 million and therefore, the businessmen are not able to enter into such investments without the help of banks, or force these banks to engage in this investment because they were looking for a quick profit ..
calling on the central bank to policies and processors possible position to encourage private banks to contribute in the investment process. Economic expert , contrary goldsmith stressed the need for coordination between fiscal and monetary policies ..
pointing out over the past years has been the monetary policy covering the mistakes of fiscal policy .. Economic Behnam Elias Boutros expert explained that the monetary policy is responsible for solving the problems of the state ..
He pointed out that the Ministry of Planning and more from 6000 investment project which is capable of funding due to the economic crisis ..
wondering can the monetary policy to provide assistance to the government in the financing of these projects and whether possible to resort to printing currency to ease the crisis .. or , can you support contractors who have dues on the government buyout initiative Central Bank for supporting the private sector?
OOTW: PRIVATE BANKS NEED TO GET THEIR ACTS TOGETHER SO THEY CAN HELP BOLSTER THE INVESTMENT/LOAN MARKET
OOTW: AGAIN...WHERE'S THE DEPOSITORS INSURANCE LAW?
OOTW: DEAD HORSE HERE
OOTW: Economic Behnam Elias Boutros expert explained that the monetary policy is responsible for solving the problems of the state .. He pointed out that the Ministry of Planning and more from 6000 investment project which is capable of funding due to the economic crisis ..
wondering can the monetary policy to provide assistance to the government in the financing of these projects andwhether possible to resort to printing currency to ease the crisis .. or , can you support contractors who have dues on the government buyout initiative Central Bank for supporting the private sector?
OOTW: DANG...DO NOT PRINT MORE MONEY - THIS WILL CAUSE HIGHER INFLATION LEVELS, BUT I REMEMBER DR SHABIBI STATING THAT IF THE INFLATION WERE TO GET TO 10% OR MORE THAT THIS WOULD BE A KEY SUPPORTING FACTOR TO CHANGE THE VALUE OF THE IQD
OOTW: BUT TO WHAT?
Tootsie: In Addition to the earlier posting of various raw materials Iraq has - must add this ~ ALSO ~~ Iraq has a number of significant diamond and gold reserves and the country hopes to increase its production of gold. ~ see Sunday, February 28, 2016Call to export Iraqi raw materials, Industry minister ~ wealthwatch.world/showthr...
OOTW: financial expert Mohammed Saleh Chandler .. stressed that the plans need to be fixed and stable table while the situation of the country is stable .. Yes , we can put the plans but whether we areable to implement them? industrial expert , Dr. Samir Lillo called Bank Central to the attention of small currencies , they are useful and not less important than the big currencies ..
adding that the central bank 's own initiative , with the support of the private sector is long overdue because of the actions .. calling for the formation of a committee working on the granting of loans by about a direct, especially for projects in which implementation of the ratios.
OOTW: YES EXCELLENT POINT TOOTSIE TYVM
winnerdinar: Attention of small currencys
Tootsie: to what! , That is the 24$ question ootw ~
OOTW: industrial expert , Dr. Samir Lillo called Bank Central to the attention of small currencies , they are useful and not less important than the big currencies ..
WELL, I'M SURE THE LOPSTERS WILL HAVE A FIELD DAY WITH THIS ONE, BUT THEY'RE STATING THAT THEY NEED A RANGE OF CURRENCIES TO SUPPORT TRANSACTIONS IN THE MARKET PLACE IMHO
OOTW: I KNOW TOOTSIE
OOTW: REMEMBER THERE HAVE BEEN ARTICLES STATING THAT THERE MIGHT BE A DEVALUATION TO 1500 IQD TO ONE USD BEFORE THERE WOULD BE SUPPORT TO INCREASE THE VALUE
OOTW: adding that the central bank 's own initiative , with the support of the private sector is long overdue because of the actions .. calling for the formation of a committee working on the granting of loans by about a direct, especially for projects in which implementation of the ratios.
OOTW: "IMPLEMENTATION OF THE RATIOS" IS THIS RE LOANS - INTEREST RATES..OR RATIOS OF CURRENCY?
OOTW: THE LANGUAGE IS A BIT CONFUSING HERE
OOTW: THAT'S THE REPORT FOLKS
OOTW: THAT'S ALL SHE WROTE
OOTW: ANOTHER FRIGGIN SPEECH STATING THAT THEY NEED LAWS
OOTW: NOW HERE'S BUTI'S ARTICLE
OOTW: AGAIN...BUT IT POINTS OUT SOME GOOD INFO
OOTW: "Keywords: our ultimate goal of financial stability "
Tootsie: ‹@OOTW› sickening isn't it ~ years and years of same rhetoric it seems to me
OOTW: SO TRUE TOOTSIE
OOTW: the strategy launched by the Central recently, were the first in the history of Iraq in terms of content and method of preparation, as the first plan went through all the stages that require going through the plan, noting that he have an actor and a real role on the ground have been adopted for implementation and follow-up mechanisms.
Central functions He said the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy,
pointing out that they were built according to the preamble to the central bank law aimed at price stability and sustainable development .
OOTW: THEY'RE AT THE FIRST STAGES OF REVIEWING THE FIRST STAGES OF THE PLAN
OOTW: Returned Governor of the Central Bank says that among the goals of the strategic financial stability as we work to read the challenges facing this side and we seek to put her plan in collaboration with several entities and defining roles and establishing a basis for the evaluation of assets is an important financial institutions and their role in the face of financial crises.
Calendar banks On the subject of censorship, he said: It is an important aspect in the work of central banks, pointing to the hiring of an international center to evaluate the banks in terms of the physical aspects, warning of the importance of the financial system to protect where it is exposed to crimes such as money laundering,
referring to the exceptional effort in the preparation of the money laundering law based on international standards to be acceptable at the international level. Selling Currency
OOTW: THE BEST ASPECTS OF THIS INFORMATION IS THAT THEY'RE BEING FORCED (ESP DUE TO UNREST AND CORRUPTION INVESTIGATIONS) TO REVIEW THE INEPT WORKINGS OF THE CBI
OOTW: "preparation of the money laundering law based on international standards to be acceptable at the international level. Selling Currency"
OOTW: DEPEG FROM THE DOLLAR - OR GIVE YOUR CURRENCY A MANAGED FLOAT SCENARIO - TO BE INTERNATIONAL..THE ISSUE IS IN THE LANGUAGE
OOTW: THIS COULD ALSO MEAN BASEL REQUIREMENTS
OOTW: Keywords revealed the contract with the Office of international scrutiny to develop procedures for the sale of currency «Dollar» to control the dollar cash flow, also pointed out that the central focus on the topic of financial inclusion for the positive role in the economic life,
referring to the quest to develop the financing of small and medium enterprises which will create a framework for sector legally integrated, as well as working to stimulate the field of Islamic banking, which is expanding in Iraq. He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House,
pointing to the continuing efforts to develop a universal banking system, which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy.
OOTW: AGAIN, THIS IS VIA BUTILFDRM'S POST
OOTW: AND THE ARTICLE ABOVE/LENGTHY PRESS RELEASE DANCES AROUND THIS ISSUE OF THE NEED FOR DEPOSITORS INSURANCE WITHOUT DIRECTLY SPEAKING TO THAT
OOTW: BUT THAT'S THE CRUX OF THESE ARTICLES
OOTW: SO KEYWORDS SAYS THEY ARE GOING TO GET THIS PASSED
Tootsie: from "keywords" yesterday ~ snip from article . He said the establishment of guarantee deposits in the banking institution, as we are now close to passing a law it will pass in the House, pointing to the continuing efforts to develop a universal banking system ,
which represents a significant shift for the work of the central bank. That there was extensive discussion by the participants on the strategic challenges and implementation mechanisms, also answered questions Keywords on banks regarding strategy. ~~~~~~ hmmm
OOTW: PLEASE, DEAR LORD, DO SOMETHING
OOTW: EXACTLY GREAT QUOTE, TOOTSIE, TYVM
OOTW: NOPE OOTW: I LOVE IT TY
OOTW: NOW HERE'S THIS
OOTW: Legal: The Constitution grants the prime minister the right to lay off a number of MPs Writings Sunday , February 28, 2016Said legal expert Tareq Harb that " the Constitution gave the power to the prime minister in / layoffs / number of the deputies , "
noting that "as long as the Constitution , the number of members of parliament, did not specify the validity of the Prime Minister in the demobilization of a number of MPs are similar validity in the demobilization of vice presidents."
OOTW: SO ABADI WANTS TO USE THE SAME APPROACH TO GET RID OF THE WORTHLESS MP'S AS HE DID THE VP'S
OOTW: he said in a press statement that " is designed to walk the prime minister in his reformist and reducing the number of members of parliament also worked when he took Cancel positions of the three vice - president and three vice - prime minister in August of 2015 and thus he may cancel dozens of grades and positions of assessments for members of parliament so that the Prime Minister aware and clearly that there is a constitutional basis and legally the decision that`s in reducing the number of members of parliament. "
OOTW: GO GET 'EM ABADI
OOTW: He said the war that" the Constitution in the materials allocated by the House of Representatives of any material (48-64) did not Atol Constitution specify the number of members of the House of Representatives,
but leave it out law has been determining the number of members of parliament in the laws governing parliamentary elections, so the House of Representatives No. election law (16) of 2005 specify the number of members of parliament , 275 members and the law of the House of Representatives elections No. (45) for the year 2013 select number of members (238) members of this Act which took place on the jurisprudence of the House of Representatives elections in the current session, which I got in 2014. "
OOTW: SO YESTERDAY THERE WAS A PRESS RELEASE STATING THAT JOBOURI WANTS TO REDUCE THE NUMBER OF THE REPS FOR THE PROVINCES OOTW: NOW WE KNOW WHY
OOTW: HE WANTS TO LIMIT THE NUMBER OF MP'S IN THE HOUSE TO SUPPORT ABADI'S PLANS TO REDUCE THE MP'S - THUS ELIMINATING THEM
OOTW: he explained that" the law is the one who select the number of members of parliament and no constitution, the reduction of the number of members of parliament and the demobilization of some of them does not require a constitutional amendment, according to some ,
as there is no constitutional provision limits the number of members of parliament in order to require a constitutional amendment and walk down the measures modifying the complex constitution and near impossible to actually have some argue that Article 49 of the Constitution limited the number of members of parliament implicitly when it limited the number of seats by one seat per one hundred thousand people
without noticing that this article dispersed between the number of members and the number of seats that is to say the number of seats is calculated according percent thousand people either number of members not designated by the constitution ,
OOTW: so it signed books of the current electoral law and a former big mistake when it did not differentiate between the number of seats and the number of members of the former defined constitutionally and second Unknown. "
He said the war to be "the prime minister the right to reduce the number of members of parliament (328) members as it exists at present to (150) only member to cancel (172) position of the positions of the House of Representatives and the demobilization of the two as long as the goal is to reform and reduce the expenses and the number of members of the Iraqi parliament does not commensurate with the number of members of the parliaments of other countries is sufficient to demonstrate that the United States and a number Nfosha (400) million, while the number of members of parliament at least twice the number ofmembers of the Iraqi parliament. "
Tootsie: I just hope to heck they all have extremely good 'body guards' surrounding them
Tootsie: my parting thought for today ~ “Sometimes, I just want someone to hug me and say, “I know it’s hard. You’re going to be okay. Here is chocolate and 6 million dollars.” :wub:
Tootsie: Have a great rest of the day, and OOTW, get some rest !!!
OOTW: THEY WANT AND NEED TO REDUCE THE NUMBER OF PEOPLE THEY HAVE TO PAY AS WELL AS INCREASE LIKELIHOOD THAT LAWS WILL BE PASSED BY REDUCING THE NUMBER OF MP'S
OOTW: BRILLIANT AS...
OOTW: THIS IS GREAT
OOTW: THINGS ARE GOING TO GET EVEN MORE CRAZY EVERYONE
OOTW: HOLD ON TO YOUR HATS
OOTW: THIS ARTICLE SUPPORTS THE ABOVE TY BUTIFLDRM
OOTW: Source: Commission reshuffle will keep its eight ministers and garner support for the delegation Abadi Writings Sunday , February 28, 2016 Revealed a senior political source, on Sunday, the intention of the Committee on theministerial change present its results on the political blocs to stand on its point of view and suggestions and their candidates, while between the Commission will maintain its eight ministers " have proved their merit",
he stressed that there is a movement to mobilize parliamentary support grants "full powers" Ministerial to change. the source said in an interview that " the tripartite committee , which includes president of acoalition of state law, Nuri al - Maliki, the head of the parliamentary bloc of the coalition, Ali al - Adeeb, will begin visits to the political blocs to ask cabinet reshuffle expected mechanism, and the statement of work for the selection of the new cabin, the most important findings, especially to keep the five or eight current ministers have proven their merit. "
Doug_W: I did a Red Green on mine OO
OOTW: WHAT, DUCT TAPE? OOTW: LOL
Doug_W: (he uses duct tape to fix everything)
OOTW: He said a senior political source, who preferred anonymity, that" the Commission move came to see the extent of the interaction of the political blocs with the orientation of the Ministerial change, and learn about other views and proposals that will enable them to continue their work , "noting that" the second Committee Committee nominated between ten and 12 people with experience and competence of workers in ministries or universities Stardhm the other blocs. "
OOTW: the source explained that" the Commission will invite the political blocs to nominate Ttosm them experience and competence of new ministerial cabins, provided they are not the leaders or affiliated with them about blatant , "pointing out that" the tripartite Commission will clarify the political blocs that her group the third working under the supervision of the Prime Minister, Haider al - Abadi, personally, to choose two to four people, the masses of new like his father , according certain foundations to involve people more in decision - making. "
OOTW: He said a senior political source, that" a group of MPs will hold meetings with the political blocs to clarify the viewpoint of the prime minister and the method of work of theCommission to choose the new ministerial cabin, to collect the largest possible number of votes to approve the change expected, and the granting of Abadi full powers to move draft reform. "
OOTW: other positions , including Minister of Higher Education. the State of law coalition, has revealed in ( the 23 from February , the current), the existence of a committee of academics and consultants from various ministries, to help the prime minister, Haider Abadi, in the selection of the new ministerial cabin, while the citizen block to view the Commission on the political spectrum called for the removal of "doubts" on them being on the one hand,
the coalition proposed Kurdistan abolition of ministries that were transferred its powers to the provinces to include new cabin 14 ministries only. the leader of the Sadrist movement, Muqtada al - Sadr, presented in ( the 19 of February , the current 2016), a list of independent Iraqi figures whose mission would be to form a committee to choose a new ministerial cabin, warning that lack of acceptance of the political blocs that will be followed by "other steps"
OOTW: "OTHER STEPS" LOVE IT - THERE'S MORE TO THESE, I'LL POST IN THE FORUM AFTER THIS CHAT
OOTW: HERE'S THE NEXT ART AND IT'S AMAZING
OOTW: National Alliance held a meeting in the presence of Abadi and discusses developments on the Iraqi arena Author: Editor: AZ 28/02/2016 21:58 Number of Views: 198 Long - Presse / Baghdad , the leadership of the Iraqi National Alliance held, on Sunday, an expanded meeting to discuss the current political and security developments in the Iraqi arena.
Recent victories on the organization (Daash). The press office of the head of the Iraqi National Alliance , Ibrahim al - Jaafari said in a statement received (range Press), a copy of it, that "the leadership of the National Alliance, today held a meeting under the chairmanship of Ibrahim al - Jaafari, and the presence of all members Haider al - Abadi, and Ammar Hakim, and Hussein al - Shahristani, and on the Keywords, and Zia al - Asadi, and Khodair al and Hashem al - Hashemi, Abdul - Karim al - Ansari. "
the statement added," the meeting discussed the political developments on the Iraqi scene, as well as the repercussions of the security situation in the country, and developments and wins battles against al (Daash ), the terrorist. "
the National Alliance, has called on Sunday (14-2-2016), a real participation in the preparation and implementation of any government program that would address the current problems in the country, while stressing the importance of the reforms offered by the government program started in infancy first, students trained security personnel.
OOTW: WHAT I MEANT BY AMAZING IS THAT IT'S NOT GREAT NEWS SORRY
OOTW: READ THIS
OOTW: National Alliance, today held a meeting under the chairmanship of Ibrahim al - Jaafari, and the presence of all members Haider al - Abadi, and Ammar Hakim, and Hussein al - Shahristani, and on the Keywords, and Zia al - Asadi, and Khodair al and Hashem al - Hashemi, Abdul - Karim al - Ansari. "
OOTW: MANY OF THESE PEOPLE ARE UNDER INVESTIGATION FOR CORRUPTION SO IJDK
OOTW: I EXPECT SOME OF THESE HEADS TO BE ON THE CHOPPING BLOCK SO WHY ARE THEY HAVING A MEETING?
OOTW: TO OUST ABADI? OOTW: HMMMM OOTW: WE HAVE TO WAIT AND SEE
OOTW: IF TRUE, I'D EXPECT THIS MIGHT WELL SEAL THEIR FATES
OOTW: WOW, AS IRAQ TURNS CAN'T WAIT TO SEE WHAT HAPPENS NEXT
OOTW: I HOPE THAT IF TRUE, MOHSEN/KEYWORDS WILL BE GONE, GONE, GONE
OOTW: BUT IT MAY NOT BE THE HEAD OF THE CBI TO WHICH THEY REFER WE'LL SEE
OOTW: THE FALL OF MOSUL IS IN THE PRESS AGAIN
OOTW: Sunday 28 February 2016 | 11:10 | Number of Views: 621 Fall of Mosul, a report in the wind and Vice holds executive responsibility for procrastination BAGHDAD / ... carried the fall of Mosul, a member of the Committee Hoshyar Abdullah, Saturday, executive and judicial authorities responsible for procrastination follow the fall of Mosul, voted by the Iraqi parliament's report, noting that the report went on, "the wind."
He said Abdullah's "Eye of Iraq News," "The Commission of Inquiry fall of Mosul has completed its duty and submitted a report characterized by bold diagnosed the causes and perpetrators of the fall of the city of Mosul, however," Daash "criminal gangs, noting that" the executive and judicial authorities responsible for the delay follow-up report after the vote by the Iraqi parliament. "
The member of the Committee of the fall of Mosul, said "the reason for delay follow-up report and accounting of the accused return to their stay in power, but they are influential senior in the political process," adding that the "Committee for the fall of Mosul, a report went on a" wind "because of the weakness of the executive branch."
The Iraqi Council of Representatives voted on Monday (August 17 2015), the assignment of the final report of the commission investigating the fall of the city of Mosul to the judiciary without reading it. Among the most prominent names of the political and security figures who accused her report of the Special Parliamentary Committee to investigate the fall of the city of Mosul,
however, "Daash" 0.18 Personal gangs, most notably former Prime Minister Nuri al-Maliki and former Army Chief of Staff Babacar Zebari, the former governor of Nineveh Ethel Alngeevi.anthy 12 Among the most prominent names of the political and security figures who accused her report of the Special Parliamentary Committee to investigate the fall of the city of Mosul, however, "Daash" 0.18 Personal gangs, most notably former Prime Minister Nuri al-Maliki and former Army Chief of Staff Babacar Zebari,
OOTW: the former governor of Nineveh Ethel Alngeevi.anthy
OOTW: SJC RELEASED A PRESS STATEMENT THIS MONTH INDICATING THEY'RE STILL INVESTIGATING THE FALL OF MOSUL
OOTW: HERE'S THE LINK TO THIS CHAT wealthwatch.world/showthr... http : // wealthwatch . world / showthread http://wealthwatch.world/showthread.php?tid=4137