Playback Number: (641) 715-3589 Access Code: 439643
OOTW: (Out Of The Woods) Wealthwatchworld.com
THIS IS THE PLAYBACK LINK FOR OUR FIRST CONFERENCE CALL JUNE 15, 2015 45:44 Mins
HERE IS MY SCRIPT / NOTES FOR THE CALL - AS YOU ALL CAN SEE, I DID NOT GET A CHANCE TO COVER EACH POINT FROM MY NOTES, DURING THE CALL
[b]ALSO CHATTELS' AND SCZIN11'S THOUGHTS ARE NOT WRITTEN ON MY NOTES BELOW. ...BUT YOU MAY LISTEN TO THE CALL IF YOU'D LIKE TO HEAR THEM.
HI EVERYONE, THIS IS OOTW FROM WEALTHWATCH.WORLD
WELCOME TO OUR CALL AND THANKS FOR JOINING US
WE HAVE SOME TRULY AMAZING NEWS TO BRING YOU -
TONIGHT ON THE CALL WILL BE MYSELF, SCZIN11 AND CHATTELS
BUT BEFORE WE GET STARTED I WANT TO TELL YOU ABOUT [b]WEALTHWATCH.WORLD[/b]
FOR ANY OF YOU WHO DON'T KNOW ME, I'M A LONG TIME RESEARCHER IN THE DINAR COMMUNITY
MANY OF US WEALTH WATCH HAVE BEEN ACTIVE RESEARCHERS IN THE IRAQI DINAR COMMUNITY FOR YEARS, AND WE RECENTLY STARTED THIS SITE, AS AN OPEN PLATFORM FOR DISCUSSIONS WITH ALL OF OUR MEMBERS, BECAUSE WE'VE GROWN TIRED OF THE HYPE WE'RE BEING SUBJECTED TO WITHIN THE COMMUNITY.
IN OUR WEALTH WATCH FORUM YOU CAN RESEARCH AND COMMENT ON WHAT'S GOING ON IN THE WORLD WITH GEO POLITICS AND ECONOMIES, GOLD AND SILVER INFORMATION, ALTERNATIVE NEWS AND MUCH MORE.
IN OUR IQD411 FORUM WE HAVE MANY TOPICS TO TALK ABOUT REGARDING IRAQ, THEIR ECONOMY, THEIR CURRENCY, INCLUDING OFFICIAL RESEARCH DOCUMENTS AND PRESS RELEASES.
IN OUR FORUM "BUTIFLWORLD" WE POST INFORMATION ON HEALTH, HEALING ALTERNATIVES AND PRODUCTS, GROWING YOUR OWN FOOD AND MANY OTHER ASPECTS WHICH CAN HELP YOU LIVE THE BEST LIFE YOU'RE ABLE.
AND WE WANT TO KNOW MORE ABOUT THINGS WHICH HAVE HELPED YOU IN LIFE - SO PLEASE JOIN US AT WEALTHWATCH.WORLD OR IQD411.COM - BOTH OF THESE LINKS WILL TAKE YOU TO THE SAME SITE.
AND I ALSO WANT TO SAY THAT WE'RE SO VERY GRATEFUL FOR ALL OF WONDERFUL SUPPORT WE'VE BEEN RECEIVING.
WE LAUNCHED OUR SITE LAST WEEK - AND WE'VE HAD A HUGE RESPONSE FROM MANY PEOPLE AND WE WANT TO SAY THANK YOU TO EVERYONE FOR THEIR SUPPORT AND PARTICIPATION -
OUR MISSION IS SIMPLE AT WEALTHWATCH - WE WANTED TO CREATE AN ENVIRONMENT WHERE ALL HAVE A VOICE, WHERE WE CAN SHARE OUR KNOWLEDGE AND LEARN TOGETHER ABOUT GLOBAL ECONOMIES, HOW THAT TIES INTO IRAQ AND IN TURN, HOW IRAQ WILL BE TAKING ITS PLACE , AFTER YEARS OF WAR AND TURMOIL - IN THE WORLD -
AGAIN THANK YOU TO EVERYONE ON THE SITE, FOR ALL YOUR DEDICATION AND SUPPORT AND WE'RE SIMPLY OVERWHELMED WITH GRATITUDE, THANK YOU, EVERYONE.
IF ANYONE WOULD LIKE TO VOLUNTEER TO HELP AT THE SITE- WE COULD REALLY USE HELP WITH MANAGING THE FORUM IN SEVERAL AREAS. IF YOU'RE INTERESTED, PLEASE CONTACT ME OOTW, AT WEALTHWATCH.WORLD@GMAIL.COM
BUTIFLDRM COULDN'T BE HERE WITH US TONIGHT BECAUSE AS YOU MAY HAVE HEARD,MANY PARTS OF TEXAS – ARE HAVING HORRIBLE STORMS AND IT'S EXPECTED THAT THERE WILL BE FLOODING AND POWER OUTAGES.
WE JUST WANT TO LET EVERYONE IN TEXAS KNOW OUR PRAYERS AND WELL WISHES ARE WITH YOU.
THANKS FOR INDULGING ME ON THOSE ANNOUNCEMENTS
THANK YOU AND LET'S GET STARTED WITH THE NEWS...
FIRST OF ALL I WANT TO SET UP THIS REPORT BY CITING AN ARTICLE WHICH CAME OUT THIS PAST WEEK, FROM
THE HEAD OF THE FINANCE COMMITTEE, AHMED CHALABI, AS WELL AS OFFICIAL PRESS RELEASES FROM THE HEAD OF THE MINISTRY OF FINANCE HOSHAR ZEBARI:
THESE ARE ANNOUNCEMENTS WE HAD LAST WEEK
The Minister of Finance will meet a delegation from the US Treasury Department
Wednesday June 10, 2015
Met with Finance Minister Hoshyar Zebari on the evening of June 9, [/b][b] 2015, Mr. Daniel Glaser, assistant Treasury secretary for terrorist financing and anti-money laundering operations and the presence of Mr. Brett Makourk US Deputy Assistant Secretary of State for Iraq and Iran.
During the meeting, they discussed the importance of exchanging information on the mechanisms for organizing the terrorist Daash on internal and external sources of funding and the importance of tightening measures to deprive the terrorist organization to benefit from the money
On the other hand, the minister called for help and the Treasury Department to track money laundering operations and hard currency out of the country to foreign banks, and during the meeting, which was attended by Chairman of the Finance Committee (WHO IS AHMED CHALABI) in the Parliament and Deputy Minister review the government's actions in the fields
THIS IS AN AMAZING THREAD - PLEASE TAKE A LOOK :
SO WHAT THEY'RE SAYING HERE IS THAT ZEBARI WANTS TO GET THE REGULATIONS AND OVERSIGHTS OF MONEY LAUNDERING IN PLACE SO THEY CAN CONTROL THE INFLOW AND OUTFLOW OF MONIES BETWEEN IRAQ AND IRAN,
BUT ALSO THAT THEY WANT TO, WITH THE HELP OF THE TREASURY DEPARTMENT, TO MONITOR MONEY LAUNDERING WHICH IS TAKING PLACE THROUGH THE BANKS, AND OUT FROM IRAQ, TO OTHER COUNTRIES.
THIS IS HUGE - AND THIS PROCESS STARTED OVER A YEAR AGO WHEN THE COM CAME OUT AND SAID THAT THEY WERE GOING TO IMPLEMENT THE BUCHAREST CONFERENCE,
WHICH GOVERNS IN PART, THE COUNTERFEITING, MONEY LAUNDERING AND THE TRANSPORT OF MAIL, AND CURRENCIES –
MY POINT WITH THIS IS THAT THIS ISN'T A NEW PLAN, THEY'VE BEEN PUTTING CURRENCY REGULATIONS TOGETHER, A PIECE AT A TIME, FOR OVER A YEAR NOW.
A FEW DAYS LATER, CHALABI COMES OUT WITH THIS PRESS STATEMENT:
the parliamentary finance committee demanded, to exempt the Governor of the Central Bank on the Keywords and the appointment of a professional person and efficient central administration, as pointed out that decisions Keywords not hit the interests of the monetary policy in the country.
Committee Chairman Ahmad Chalabi told / JD /: "The Central Bank is one of the large and sensitive economic institutions in the state and must be independent and not subject to quotas partisan."
He added that "all decisions of the current governor of the Central Bank on the Keywords do not serve the interests of the monetary policy in the country", calling for "relieved of his post and appoint an independent person and has a professional and economic and financial expertise and efficient management of the Central Bank" ./
WHAT CHALABI IS SAYING IS THAT KEYWORDS IS CASTING PARTISAN BEHAVIOR IN REGARDS TO HIS OFFICIAL ACTIONS OVER CBI POLICY.
PERHAPS TRUE, AND IF THEY WANT HIM GONE, THEY'LL SAY ANYTHING THEY WANT TO REPLACE HIM. WE KNOW HE WAS SEATED BY MALIKI –
AND WITH THE ADVENT OF NEW LAWS ALLOWING THE GOI TO PROSECUTE THE CORRUPT (IN COUNTRY AS WELL AS UNDER UN SUPERVISION) –
THIS DOESN'T SURPRISE ME - AT THIS POINT IT SEEMS CHALABI, HEAD OF THE FINANCE COMMITEE SIMLPLY WANTS KEYWORDS GONE.
HERE'S AN ARTICLE WHICH CAME OUT AS A STATEMENT FROM SHABIBI
The Government are high dollar positive indicator to stimulate national production
Accusations of CBE to stand behind the rising dollar and the latter denies and vows the speculators
Author: ASJ, HH Editor: BK, HH 2015/06/15 17: 29 Hits: 494
Range/Baghdad I went back the Finance Committee in the Iraqi Parliament, said Monday that many question marks raised regarding the outcome of the Iraqi Central Bank action to stop the deterioration of the value of the dinar against the dollar,
while the Commission considers the parliamentary economy and currency to solve many economic crises lies in amending the law so the Bank secured its independence from Government, and the Tote bankers "abuse" of Central Bank responsible for high dollar, although the latter denied this and accused them and the bears responsibility, and three actions "deterrent"
THIS ABOVE PARAGRAPH IS REFERRING TO THE GOI HAVING INSTALLED THE 75M AUCTION CAP INTO THE BUDGET (THEREBY MAKING IT A LAW) –
VS THE CBI FILING A SUIT AT THE SJC TO GRAB BACK IT'S AUTONOMY –
REMEMBER THE CONSTITUTION SAYS THAT THE GOI HAS AUTHORITY OF THE CBI RE MONETARY POLICY. I WILL POST MY CHAT NOTES WITH LINKS AFTER THE CALL...
HERE'S THIS FROM THE CONSTITUTION:
Part IV Powers of the Federal Authorities
Article (109): Federal authority will maintain the unity of Iraq and its integrity, independence and sovereignty and its democratic federal system.
Article (110): The federal authorities have the following exclusive powers:
First: Formulating foreign policy and diplomatic representation, and the negotiation of international treaties and conventions, and debt policies and the signature and conclusion, and drawing foreign economic and trade policy Sovereign.
Second, the development of national security policy and its implementation, including the establishment and managing armed forces, to ensure the protection and security of Iraq's borders, and defend it.
Third: To formulate financial policy, and customs, and issuing currency, organizing trade policy among regions and provinces in Iraq, and the development of the state budget, and formulating monetary policy and the establishment of the Central Bank, and his administration.
The Central Bank's current problems as a result of loss of independence
Sinan Mohammed rida Al-Shabibi
Live market at present monetary instability was the collapse in the market price of the dinar reached 1,340 euros u.s. dollar while the official rate is about 1,190 dinars to the dollar, although still substantial reserves which is a key factor in the stability of the currency.
TODAY THE MARKET RATE TO BUY IQD WAS 1400 IQD TO 1 USD
The reason for this difference between the two prices to enter ministries (finance) and other stakeholders (House) and all dictated policies and conditions to monetary policy, in addition to the inability of the Central Bank and advisers to defend the Bank according to the law.
THIS IS SAYING THAT THE CBI CANNOT MAINTAIN THE OFFICIAL CBI RATE VS THE STREET RATE BECAUSE THERE ARE TOO MANY PEOPLE TRYING TO CONTROL CBI MONETARY RATE POLICIES.
AND ALSO, THAT THE DIFFERENCES BETWEEN THE GOI AND THE CBI CONTINUE TO PROMOTE DISAGREEMENTS AMONG THEM, WHICH ARE IN TURN REFLECTED IN THE INSTABILITY OF PRICE TO BUY DINAR BOTH FROM THE CBI AND STREET SELLERS.
The problem at present is that the transfer student must pay the same proportion Secretariat certain customs taxes when they buy the dollar at the request of the Ministry of finance, this is an important factor in the rise of the dollar.
These terms serve the Ministry of finance, but the principle that the purchase and sale of foreign currency must be quickly and smoothly without any obstacles (except banking requirements and capital commitment) because the movement of money fast,
and if the Central Bank needed to exploit the sale of foreign currency for development was better used in ttoiramlet bank credit, was give preference at auction for the Bank on bank credit.
There is interference from the Ministry of Finance on the work of the Central Bank. This intervention aims to collect resources for the Ministry of finance and has nothing to do with monetary policy,
although the Central Bank is that the collection of these resources. In other words, that the Central Bank is that the levy of such resources for the Ministry of finance.
The budget also included the Central Bank buy bonds and Treasury transfers by $ 6 billion and reduced the legal reserves held by banks at the Central Bank in half to provide budgetary resources.
The gravity of these actions intended to reduce the effectiveness of monetary policy to fight inflation. Therefore, the monetary and fiscal authorities should assess the resources compared to inflation and instability which could cause the collapse of the real price of the dinar.
IF THE CBI AND THE GOI DO NOT GET ON THE SAME PAGE TO CONTROL HOW THE RESERVES ARE SPENT AS WELL AS THE VALUE/SELL OFFER RATE OF THE IQD AND WHAT IT COSTS TO BUY THE DOLLAR TO BE USED IN THE MARKET PLACE,
THAT A COLLAPSE IN WHAT SHOULD BE THE STABLE WORTH OF THE IQD COULD PLUMMET,
MEANING THERE'S A CHANCE WE COULD SEE THE VALUE OF THE IQD PLUMMET BELOW ,
EVEN TODAY'S CURRENT VALUE OF 1400 DINARS TO BUY ONE DOLLAR..THEY HAVE TO GET THIS UNDER CONTROL AND FAST.
They also restrict the sale by deputies in Parliament mean the Central Bank work. Common among economists, parliamentarians that the Central Bank continued to House, this is a big mistake,
the Central Bank is accountable to the Chamber of Deputies and is not subordinate to, and here is no different from the rest of the Central Bank, ministries, but this responsibility (responsibility of the Central Bank) explicitly mentioned in the Constitution.
Comments may be made at the end of Part 2 Thank You