Bgg Roundtable 9/14/15 Part 2 of 2
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_firefly_: 123 politicians were dismissed last week. Also there is 2000 names that CAN NOT LEAVE Iraq
CanTWaitwoRV _firefly_: them special forces
BGG Holly1: Abadi dealing with it (hopefully) as Shammari is pointing out.
BGG _firefly_: that reference to the US - was a poor translation - a better one said "Special Forces" and then went on to say the records they were after was from 2003 when the US forces, blah, blah, blah... and that is how "Special Forces and US" got tangled up in the same article...
BGG _firefly_: which is what I was pointing out - soooooo
_firefly_ BGG: Yes that is how I read it as well
_firefly_ BGG: But .... I believe that NEEDED to be done !
BGG _firefly_: it appears both their sovereignty and constitution remain intact.
BGG _firefly_: it appears both their sovereignty and constitution remain intact.
pamie27: BGG sorry .. just got in.. haven't been in - in awhile... just got a frantic call from someone with dinar.. he said you said if the dinar didn't rv by ocktober 1st, we may as well burn it... now my first thought is he is a very negative person.. always sees demons, and the world is ending... I have looked and can't find anywhere where you said anything like that... do you knnow what he is talking about????
BGG pamie27: that is not even remotely what I said.
BGG pamie27: how in the WORLD??
pamie27: bgg... lol I thought so... I just don't know what to do with him any more... He is sooo depressing to be around... he goes to our church group..... AHHHHHHHHHH
CanTWaitwoRV BGG: at the same time I also think if Abadi wants or needs additional support he's got the heads up from Sistani for that green light to do so
_firefly_ BGG: lol, welcome to my world
Dr Dave: Once laws passed 10-14 days to make it to the gazette making it law....not law until it is in print for the general public...in the event that they need to make ammendments
BGG Dr Dave: I don't think they can go back and ammend once it is read the second time - much less been voted on - but that is off the top of my head. I may well be wrong.
BGG Dr Dave: for an ammendment or change it has to go clear back to the CoM or the President (after that second reading)...
Dr Dave: Laws need to be in print in the gazette ...hence the 2 weeks
BGG Dr Dave: of course... but I was just doing some reading on that very subject... and I don't think 2 weeks is mandatory - in either case,
Dr Dave: crunch time
BGG Dr Dave: IMHO a final vote or at least some significant progress towards a vote - will likely appease the WB...
BGG Dr Dave: but correct, crunch time...
Dr Dave: action talks louder than words
CanTWaitwoRV BGG: in other words, if he can't trust or rely on his own security to resort to whatever means necessary jmo of course
CanTWaitwoRV BGG: but they can't have citizens taking over buildings one province on average per week much longer
BGG CanTWaitwoRV: Abadi has great support from Sistani and others. .. and reportedly has embraced the opportunity to make these changes.
BGG CanTWaitwoRV: now all he has to do - is DO IT!!
_firefly_ BGG: According to the Library, Laws can be published in the Gazette AND the Library at the SAME time
firefly_ BGG: BINGO !!!!!!!!!!!!
natenate: I think that Iraq is going to use the ol Dallas Cowboys strategy and wait until the very last few seconds, when all hope is lost and everybody has turned off the TV's and left the bars, then Abadi is going to throw throw one in for the TD and win the game!!!
BGG natenate: laughing
Holly1: Zora's parliamentary Finance: strong and modern Iraqi dinar opposite just rumors Ruled out for "the collapse excluded the Parliamentary Finance Committee, the possibility for the collapse of the Iraqi national currency against the backdrop of the financial crisis that beset the country, and described the news you are talking about as "rumors" promoted by some currency traders in order to achieve an illegal advantage, as he emphasized that oil imports enough yet to pay Mozvin.oukal
Committee member Masood Haider Rustam salaries in a statement for "Zora", yesterday: news that talk about for the collapse of the Iraqi national currency due to the financial crisis, are just "concerns incorrect and untrue," attributing the cause to that of the dinar Iraqi strong enough to survive.
Rustam said: that the amount of the Iraqi dinar circulating in the market currently estimated at about 40 trillion dinars, and Iraq has a financial reserve of hard currency is estimated at 60 billion dollars, that is as much as 150% of the Iraqi currency.
Said Rustam: that is the hard currency which gives the value of the Iraqi dinar, and therefore "these concerns intervention in the door of the rumors, the fact that some hard currency traders want to take advantage through the launch."
And on salaries and the government's ability to pay regularly without problems, Rustam said that Iraq sells oil and imports enough to pay staff salaries, noting that Iraq is a real need to austerity, particularly as the number of employees in it is very large compared to neighboring and international standards countries, and it needs to program reform of government.
Rustam believe: that the economic situation in Iraq and the world swing, and the economy can not be certain the occurrence of a certain thing or do not say for sure. So said a member of the parliamentary finance committee pros Hamadoun Hamid Hassan buckets for "Zora": The oil reserves in Iraq large, as well as the Central Bank's foreign currency reserves, they are "available and large", so the salaries in safety, and talk about the
BGG Holly1: Great find!! - Keep it coming...
BGG Holly1: best news of the DAY!!
Holly1: possibility of a "collapse in the former national currency early. " And on the financial liquidity showed a member of the economic and investment commission parliamentary Najiba Najib, the financial bond issuance will not meet the obligations of the financial state, as pointed out that Iraq is suffering from providing liquidity Almalah.oukalt
Najib: that the issuance of securities is one of the means resorted to by the state after the fall in prices oil, comes from the phrase measures to increase fiscal revenue, indicating that the House of Representatives to grant powers and vacation legitimacy to issue bonds and sell them in international markets.
Najib said: that the bond issue, amounting to $ 6 billion will not meet the financial obligations of the state and be covered under the current circumstances, pointing at the same time that Iraq is suffering from the provision of liquidity, but the government is moving to increase revenue.
The central bank earlier announced his intention to launch bonds in favor of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, confirmed that it can be used as collateral for loans or facilities require collateral.
Holly1: http://www.kululiraq.com/?p=338780 http://www.kululiraq.com/?p=338780
BGG: Exactly what I said - Alak is a JACKWAGGON for putting out that garbage to Doomberg...
BGG: he'll be lucky to have a JOB in a month...
mimi3: That looks like a Whooopowwwww to me!!!
Holly1: that the House of Representatives to grant powers and vacation legitimacy to issue bonds and sell them in
BGG: the Parliamentary Finance committee has taken the time to rebuff his comments AS GARBAGE.
Holly1: international markets. Najib said: that the bond issue, amounting to $ 6 billion will not meet the financial obligations of the state and be covered under the current circumstances, pointing at the same time that Iraq is suffering from the provision of liquidity, but the government is moving to increase revenue. The central
BGG: I was just going back to copy that..
BGG: Najib (she's the one calling for removing of the 3 zereo's aka - an RV) says...
BGG: "...the bond issue, amounting to $ 6 billion will not meet the financial obligations of the state and be covered under the current circumstances, pointing at the same time that Iraq is suffering from the provision of liquidity, but the government is moving to increase revenue..."
BGG: saying EXACTLY what I have been...
Holly1 BGG: funny funny ... how many sees one article and all doom .... but now .... HA
CanTWaitwoRV BGG: ya garbage bonds
BGG: the bonds won't cover their deficit...
BGG: "...Iraq is suffering from the provision of liquidity, but the government is moving to increase revenue..."
BGG: where might they be coming up with this MAGICAL number??
Holly1 BGG: THHEY HAVE NO CHOICE IMO....
BGG: where is the "increased revenue" coming from??
BGG: Oil is going down - not up...
Holly1 BGG: FROM YOU BGG
BGG: Najiba Najib - KNOWS and just told us... or at least she's pointing something out here...
CanTWaitwoRV BGG: it's ok you can tell us BGG we won't hold you to it
BGG CanTWaitwoRV: I don't have to - she just did.
CanTWaitwoRV BGG: yep once again!
CanTWaitwoRV BGG: she said it last week and then now again
Holly1 BGG: THAT WAS A GREAT ARTICLE ....
BGG: OK - there is is... thanks for tuning in - GREAT ARTICLE Holly1
CanTWaitwoRV mimi3: Financial Times:
September 13, 2015 5:23 pm Iraq to return to international bond markets Elaine Moore in London "The success of Baghdad’s first issuance, expected as early as this week, is likely to hinge on whether the US Federal Reserve will raise short-term interest rates on Thursday." http://www.ft.com/intl/cms/s/0/65c49...#axzz3ljdnIEdx LINK
Holly1 BGG: I NEED TO GO FIND MORE NOW GOT ME IN THE MOOD TO SEARCH FOR NEWS
BGG: Thanks everyone for tuning in - Tune in for an "Extended News Time" with Millionday this evening at 7:30pm EST
THE BLOG - Dinar Daily NEWS Blog - http://www.dinarupdates.com/blog/
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