Post From Wealthwatch.world Chat Room
News With Links & Discussion
Wealthwatch Sunday Chat 1-17-16
chattels: " ............... the possession of citizens banknotes ranging from 30-40 trillion dinars and the money, of course, are the property of the citizens and did not enter the economic cycle or banks, it is a process of hoarding, and the freezing of funds." wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=3806
chattels: Read more at " Abdul-Mahdi submit proposals to ease the financial crisis ", Courtesy of Butifldrm
chattels: " .................... Central Bank reserves currently at 58 billion dollars although it covers twice the money supply. " See wealthwatch.world/showthr...
chattels: " .............. it covers twice the money supply. "
chattels: Suggests to me that there is 29 trillion dinar in circulation.
chattels: Any other thoughts ?
chattels: Parliament resumes its sessions Tuesday after the end of the legislative recess
chattels: Oklahoma global company expressed willingness to build 100 000 housing units, according to the latest international standards in a way payment on credit after taking the necessary guarantees for the completion of the project.
chattels: "the company has shown its willingness to build a 100 000 Residential Unit according to the latest international standards in a way payment on credit after taking necessary to complete the project guarantees, stressing the ministry is ready to cooperate by providing the land required for the completion of this project and the number of engineering designs, because it will contribute significantly to the reduction of the housing crisis in the country. "
chattels: " ............. the ministry is ready to cooperate by providing the land required for the completion of this project and the number of engineering designs, .........."
chattels: Three items on the Parliamentary agenda for Tuesday : What are the " Revolutionary Command Council Resolution " (s) ?
chattels: " ............ the House of Representatives to consider resumption of its meetings next Tuesday in three bills to cancel the decisions of the dissolved Revolutionary Command Council, the most important decision No. 256 for the year oil for food and medicine program in 1999."
chattels: " The oil-for-food is the United Nations, issued in accordance with Security Council Resolution 986, 1995; named oil-for-food program Oil for Food Program, a program which allows Iraq to export a specific part of its oil, to benefit from the revenues to buy humanitarian needs of its people, under United Nations auspices."
chattels: " The oil for food program unique program in its kind, intended as a temporary measure, to provide humanitarian needs of the Iraqi people, .......... "
chattels: wealthwatch.world/showthr... Post # 4
chattels: What is the significance of the foregoing ?
chattels: One would have thought that such a " temporary measure " implemented in 1999 would have been discontinued over a 16-17 year period of time, eh ?
chattels: 1999 is Saddam era.
chattels: President infallible: the future of Iraq depends on the strength and the strength of national unity wealthwatch.world/showthr...
chattels: In the meantime, more needs to be done to find a political solution. “I don’t see any traction on political reconciliation in Iraq,” Talabani said. Compared with a year ago, Sunni disenfranchisement was now deeper and Shi’ite mistrust of Sunni intentions greater, he said. wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=3801
chattels: “I don’t see any traction on political reconciliation in Iraq,” - Qubad Talabani
tourman: I dont see it in this country either Chattels
chattels: ‹@tourman› Nice " find ".
tourman: ya, it piqued my interest.
chattels: Seif and the like-minded figures argue that inflation is a determining factor, saying a single-digit inflation rate is an essential prerequisite for a unified exchange rate system.
chattels: So what would the currency market be like in the post-sanctions era? Traders and business owners already put off their plans to import raw material and machinery, hoping the rial will appreciate in a meaningful way when a nuclear deal is signed by the self-imposed June 30 deadline. A stronger rial is largely feared to be translated to cheap imports, a phenomenon that economists are warning against.
chattels: ‹@tourman› Currency reform and policy is a complicated " business ", eh ?
chattels: So the economic elite in the government are advised to stick to a contractionary policy when it comes to the foreign currency market, in a bid to prevent the national currency from too much destructive appreciation against the dollar.
chattels: " ............. to prevent the national currency from too much destructive appreciation against the dollar."
chattels: If the CBI applies the same policy as China did, the rial will not appreciate very much and therefore imports would only increase reasonably. Instead, the government has the opportunity to invest in regional countries, a policy the Rouhani administration has already started to pursue.
It could be a defendable decision if the CBI chooses to shift a major part of the multi-billion dollar revenue to external markets. The strategy could meanwhile boost Iran's foreign policy as it would help increase the Islamic Republic's share in other investment markets, the same path China, a model economy for Iran, has been following.
tourman: off to the driving range. have great day Chattels.
chattels: If we apply the same economic principles to the IQD then it would appear that the overnight valuation of the IQD at the number(s) hoped for by us would be destructive to the Iraqi economy and not the salvation preached by the gurus in " dinarland "
chattels: ‹@tourman› Have a fine day sir
chattels: Increasingly I am reminded of the maxim that a little knowledge is a dangerous thing. We likely have no business speculating in currency markets.
chattels: We the blind " led " by the unknowing.
Doug_W: and ppl RUSH to follow
chattels: ‹@Doug_W› I am feeling rather foolish these days.
Doug_W: ‹@chattels› ?
chattels: I began this investment with the thinking that a high value to a country's currency was universally desirable, but such thinking is far from the whole truth it appears.
Doug_W: I have heard SOO much junk that I ignore most of it now
Doug_W: makes 4 a LOT smother ride
chattels: ‹@Doug_W› understandable
Doug_W: when it happens its DONE till then its all speculation
chattels: ‹@Doug_W› I must now conclude that I have taken this investment and myself far too seriously.
Doug_W: relax :) Doug_W: bbl watching a great movie in Ion Tv
chattels: And we still have the self proclaimed " First Deputy President of the Republic " : Maliki calls the US ambassador to increase his country's support for Iraq
chattels: president of a coalition called the rule of law Nuri al-Maliki, the US ambassador in Baghdad Stuart Jones to increase US and international support for Iraq. And his office said in a statement received by all of Iraq [where] a copy of it, that "al-Maliki met with Jones and discussed with him the developments in the political and security situation and efforts in the fight against terrorism and the victories achieved by the security forces and the popular crowd in Anbar province."
Maliki confirmed during the meeting that "the Iraqis Ptlahmanm and patience were able to defeat Daash terrorist gangs in all breakers operations, especially in Salahuddin and Anbar, indicating that conditions are suitable for the reconstruction of the liberated areas and prepare for the return of displaced families to it.
"He pointed out al-Maliki to" the negative effects of the economic crisis that has plagued Iraq because of falling oil prices and its impact on efforts to eradicate terrorism and the return of displaced people, calling for increased US and international support for Iraq, and to contribute to the return of displaced persons and displaced people throughout the country programs. "
chattels: ............pointed out al-Maliki to " the negative effects of the economic crisis that has plagued Iraq because of falling oil prices and its impact on efforts to eradicate terrorism and the return of displaced people, calling for increased US and international support for Iraq, and to contribute to the return of displaced persons and displaced people throughout the country programs. "
chattels: How about the negative effects of Mr. Maliki's corrupt administrations ?
Doug_W: EXCELLENT POINT HE'S A THIEF
chattels: I must conclude that I am chasing an understanding of a process that likely is beyond my comprehension and confounded by the use of incomplete, inaccurate, inconsistent and / or disingenuous information / propaganda. I am tired and tired of it.
I have deceived myself and more egregiously I may have unwittingly deceived others. I am a danger to myself and others. Please forgive me if anyone has relied upon my enthusiasm and optimism about the prospects of a happy ending to this unhappy process.
I am holding on to my currency, but I am retiring from any public profile in this matter. My hope is that a merciful God will somehow take care of us.
Praying for a miracle. Godspeed the completion of the Iraqi banking sector reform project. Good luck to all. I can be contacted privately on skype at edwardj.dennisiv
OOTW: GODSPEED CHATTELS - I NEVER THOUGHT YOUR OPINIONS, PERSPECTIVES OR COMMENTARIES TO EVER CONTAIN DECEPTION -
THEY'RE YOUR OPINIONS, WE ALL HAVE THEM AND I KNOW YOUR HEART IS IN THE BEST PLACE - BE WELL AND YOU'RE WELCOME HERE ANYTIME...HUGS AND WE'LL MISS YOU
OOTW: THERE ARE MANY REVOLUTIONARY COMMAND COUNCIL DISOLUTIONS WHICH HAVE BEEN PASSED SINCE ABADI CAME INTO OFFICE
OOTW: PAGES OF THESE LAWS WHICH HAVE BEEN DISSOLVED, POSTED IN THE LAW SECTION OF THE PARLIAMENT SITE
Doug_W: WOW that is not good I will miss him
OOTW: THIS PATH CAN BE WEARISOME - SOMETIMES WE NEED A BREAK...
Stash: I will miss him too.
Stash: I followed him when he was in another room
MzDiva: our belove chattels is leaving whats happening were so close to our blessing
Donnie: ‹@MzDiva› who says we are so close?
OOTW: MZDIVA YOU WOULD HAVE TO ASK HIM DIRECTLY VIA OUR PRIVATE MESSAGING SYSTEM AND OR EMAIL SYSTEM TO FIND OUT WHY OOTW: I DO NOT KNOW
MzDiva: ‹@Donnie› it was jmo since Iran has lifted their sanctions i was hoping Iraq would follow in their steps
OOTW: SINCE THEY JUST LIFTED, WE WAIT AND SEE - TOO SOON FOR SURE
Abraham: Chattels has a good heart. Sometimes we are led away to a place of solitude, and it's a good place
rocknrollbus: Chattels....come back!!! Come back chattels!!!! Ma needs ya....pa needs ya...