Millionday News 8/1/14 Part 1
Welcome to dinarupdates.com for news time with Millionday!
millionday] OK LETS GET ROLLING BRB
[millionday] called the Islamic Supreme Council, on Friday, House Speaker Salim al to strive for the adoption of the draft laws broken and not to wait for the formation of the government for approval, stressing that the mass of citizens will those laws basket one as soon as possible.
Said the leader of the Council Mohammed Mayahi in an interview for "Alsumaria News", "we call upon the President of the House of Representatives to strive to approve the bills stalled because of the political conflict the former,"
stressing the need to "adhere to the guidance of religious reference, which stressed more than once the need for the adoption of the laws of the Federal Court, and the budget, and oil and gas.
[millionday] NOTE -- PARLIAMENT IS BEING ASKED TO MOVE FORWARD WITH LAWS ON THE SHELF -- HCL OR OIL AND GAS --BUDGET -- AND ALL LAWS OF THE FEDERAL COURT
millionday] Added Mayahi that "those laws represent an urgent need, especially in this difficult time," adding that he "should not wait for the formation of the government for approval because they are on the corridors of the previous two sessions but the history of political worked to prevent approval .
" He Mayahi that "the mass of citizens will seek to make laws broken basket and one as soon as possible, as we will be faithful to our people to expose those crashes approval", pointing out that he "can not remain Parliament prisoner to certain destinations you want to be a listener and not the maker of the decision.
[millionday] NOTE -- HE IS SAYING THAT THE HOLD THE LACK OF THESE LAWS HAVE ON THE COUNTRY AND CITIZENS IS NOT GOOD FOR ANYONE
AND NEED TO MOVE FORWARD NOW WITH THE PARLIAMENT THAT ARE SITTING AT THIS TIME
[millionday] And was called the religious authority, earlier on Friday (August 1, 2014), the House of Representatives to speed up adoption of a legal budget and the Federal Court, stressing the need to entrust the president candidate of the largest bloc to form a government before the expiration of the constitutional period.
[millionday] SO AS WE SEE -- THEIR GOAL IS A GREAT ONE AND WOULD RESOLVE SO MUCH THAT IT WOULD MAKE MANY HAPPY AND THE COUNTRY IN A MUCH BETTER POSITION
[millionday] I AGREE ! WHOOOPOW
[carpet] in your opinion do y0u think they will nominate a pm before tues
[millionday] I WOULD SAY THEY HAVE A LOT OF PRESSURE TO DO SO -- BUT HAVE NO WAY OF KNOWING IF THEY WILL -- THEIR PLAN IS WRITTEN TO FOLLOW THE CONSTITUTION SO I HOPE SO
millionday] Iraq’s newly-elected President Fouad Massoum warned the country’s parliament that he would step down if the parties failed to nominate a candidate for the post of prime minister.
“I was elected president by all the Iraqi factions,” Massoum told representatives. “And I would never nominate anyone for the post of prime minister without all parties’ consent and blessing.”
The president warned: “if I am pressured to nominate a candidate, I will not hesitate to step down.”
[millionday] Rudaw has learned that Iraq’s acting Prime Minister Nouri al-Maliki has urged Massoum to nominate him “since he represents the largest coalition in the parliament.”
The president has reportedly declined Maliki’s appeal and said he would not use his presidential powers to nominate anyone “without the clear support of all Iraqi factions.”
Iraq’s parliament elected Massoum as the new president last week. In line with the country’s constitution, the president should assign the prime minister to form a new cabinet.
[millionday] NOTE -- THE PRESIDENT HAS ADDED A LOT OF PRESSURE WITH THIS STATEMENT –
IF HE IS FORCED TO NOMINATE WITHOUT THE SUPPORT OF ALL -- HE WILL STEP DOWN -- WOW
[millionday] Sources told Rudaw that the Shiite State of the Law was among the first factions to submit a petition to the president to nominate Maliki for the post.
According to Iraq’s constitution, the prime minister should be elected from the largest coalition group in the parliament. The Shiite parties hold most of the seats in the national assembly but have so far not announced any major coalitions.
The State of the Law with 93 seats has insisted on nominating Maliki as the sole Shiite candidate.
[millionday] The Kurdish and Sunni factions have absolutely rejected a third term for Maliki. Even within the Shiite parties, Muqtada al-Sadr and his powerful bloc have spoken against the embattled prime minister, as has the Shiite Grand Ayatollah Ali Sistani, who has appealed to Maliki not to run for a third term.
With the president and parliament speaker elected last month -- as the country is in the throes of a massive Sunni rebellion and with a third of the country in the hands of jihadi-led rebels -- a decision on the prime minister is the only hurdle standing in the way of Iraq forming a new government.
[millionday] SO THE ONLY THING THAT IS IN THE WAY OF IRAQ MOVING FORWARD IS MALIKI -- SUCH A SHOCKER
[Craveman] Stryker (who speaks highly of you btw was excited about Article 8 being complete.. noticed neither you or BGG mentioned it last night.. wondering are you just not sure bout it yet?
[millionday] I ALSO HAVE HIGH REGARDS FOR STRYKER -- GREAT GUY ---
I DID NOT HEAR WHAT HE WAS REFERRING TO BUT THE WTO NUMBER 8 IN ITS LIST OF ITEMS TO BE COMPLETE FOR ACTIVE MEMBERSHIP IS TO HAVE WAITED 30 DAYS ---
I HAVE SEEN NOTHING ABOUT ARTICLE 8 OF THE UN IN ANY OF THE NEWS I HAVE SEEN BUT HE MAY BE SPEAKING OF THE WTO ANNOUNCEMENT AND THE NUMBER 8 WITH IT
Craveman] He dissected REV8 something bla bla lol I have his post if you haven't seen it.. TY!
[millionday] A COUPLE MONTHS AGO OR SOONER A UN OFFICIAL PAST OR MAYBE EVEN CURRENT BUT JUST WORKING ON THIS HAS BEEN PLACED ACCORDING TO THE REPORT TO WORK WITH THE WTO AND IRAQ
TO TRY TO SHORTEN THE TIMELINE THAT WOULD HAVE THEM WAIT 30 DAYS TO BEGIN WORKING WITHIN THE BOUNDRIES AND RULES AND WITH THE BENEFITS OF AN ACTIVE MEMBER –
THAT WOULD BE ANNOUNCED AND YOU WOULD BE ABLE TO FIND THE CHANGE HERE OR AT THE WTO SITE -- WE WOULD HAVE IT AS SOON AS THAT OCCURED DUE TO THE HUGE IMPACT THAT HAS
[millionday] I WILL BRB WITH NEWS SMILE
[millionday] HERE WE HAVE AGREEMENT AS WELL -- THIS WOULD BE SO GREAT FOR IRAQIS AND FOR ALL INVESTED
[millionday] The Supreme Religious Authority stressed the need to endorse the important delayed laws. Representative of the Supreme Religious Authority, Ahmed al-Safi, said in the Ceremony of Friday Prayer in Karbala "After the Eid holiday,
parliament will start its performance so we hope to endorse the Budget Law and the Federal Court Law."
"We hope the blocs to cooperate away from the political disputes to endorse these law drafts," he concluded.
[Baxter1243] BTW...Kap has a new post on Dinar Guru... Says Iraq and Article 8... One to two years
[millionday] THEY MAY REMAIN UNDER ARTICLE 8 FOR ONE TO TWO YEARS –
THEY HAVE MANY AGREEMENTS MADE AND THEY WOULD BE MONITORED UNDER ARTICLE 8
[Baxter1243] IM SO SORRY...not Article 8.... but one to two years to WTO...
[dovi] then what after two years? whats the point? I mean because we're already saying
[dovi] already talking about it
[dovi] after 2 years being monitored what happens
[millionday] DO YOU MEAN IT DOESNT MAKE SENSE THAT IT WOULD BE TWO YEARS UNTIL THEY ARE AN ACTIVE MEMBER?
[dovi] I think you answered...active member is the answer
[dovi] so it would be probationary right
[dovi] I just don't get what is the point of getting into 8 for two years.. then what
[millionday] WE WOULD NOT BE AFFECTED AND NOTHING WOULD BE AFFECTED IF THEY ARE MONITORED –
IT WOULD JUST MEAN THAT IF THEY DID NOT PAY SOMEONE ON TIME OF FOLLOW THROUGH WITH AN AGREEMENT -- THEY WOULD TELL ON THEM AND THEY WOULD GO BEFORE THE UN TO EXPLAIN
[dinar dave] Kap said a full active member
[dovi] ok got it thanks
[millionday] dinar dave HE SAID THAT THEY WOULD NOT BE A FULL ACTIVE MEMBER FOR TWO MORE YEARS ?
[dinar dave] Correct
[millionday] WE WILL HAVE TO WATCH IT CLOSELY AND SEE WHEN THEY BECOME A MEMBER AND THEN WE WILL KNOW -- NO ONE KNOWS RIGHT NOW
[millionday] THE REALITY RATE IS SET IN A COUNTRY TO ENTER THE FREE MARKET ECONOMY WHICH IS THEIR GOAL
AND WHAT THEY ARE DOING WITH ALL OF THE LAWS THEY ARE DONE WITH AND ALSO WITH ALL OF THE CUSTOMS THEY HAVE COMPLETED AND THE TARRIFF LAW
AND THE BANKING REFORM AND THE LAUNCH OF THE INDUSTRY THE OTHER DAY –
SO WHEN THE RATE WILL BE SET WILL BE WHEN THEY GET TO THE CHECK MARK THEY ARE NOW WORKING ON WITH THE BANKING REFORM THAT INCLUDES THE MONETARY REFORM
[millionday] SMILE --- THE MONETARY REFORM IS MONEY AND REFORMING IT ---
THEY HAD AN IMPOSED RATE SET WHEN THEY WERE PUT UNDER SANCTIONS THAT ADDED 3 ZEROS THAT THEY HAVE MADE CLEAR WILL BE REMOVED
AND ALSO THE SMALLER DENOMS WILL BE USELESS WITH THEM ON THE PRICES
AND THE BILLS WITH THE NEW PRICING INDEX THEY HAVE BEEN WORKING ON –
THE WORLD BANK AND THE IMF HAVE APPROVED THE ECONOMIC REFORM
AND THE PRIVATE BANKS AND CBI GAVE A HUGE PRESS CONFERENCE THAT STATED THEY WERE READY TO RAISE THE VALUE OF THE DINAR AND ALSO RELEASE THE INTERNATIONAL RATES
[dinar dave] I think once they dust off those laws that are sitting on some shelf and get them passed, they will most likely be closer then they are today. That should be done next week.
[millionday] THEY HAVE ANNOUNCED A COUPLE DAYTS AGO THAT THEY HAVE SET UP AND COMPLETED THE DEVELOPMENT BANK
AND ALSO HAVE PUT IN PLACE THE BANKING ADMINISTRATORS ---
THEIR JOB IS AMONG OTHER THINGS THE INTERNATIONAL EXCHANGE RATE CLACULATIONS WHICH IS CALLED INTERNATIONAL TRADING –
THE RATES OR PRICES OF THE PRODUCT THE DINAR -- WILL BE PRICED FAIRLY SO WHEN IT IS BOUGHT –
IT IS BOUGHT AT A FAIR PRICE AND IS USED AT A FAIR PRICE FOR OTHER COUNTRY RESERVES AS WELL
[millionday] I BELIEVE THEY HAVE PASSED OVER OR CLOSE TO 150 LAWS SINCE THEY SAT DOWN
[The Shoe] When was that press conference? TY
[millionday] 3 TO 4 MONTHS AGO
[millionday] AND THEY SAID THEY WOULD BE DOING THIS BY STEPS –
THE FIRST STEP BEING THE WORKSHOP AND THEY HAVE ADDED TO MANY REPORTS AFTER THIS THAT SOME THINGS ARE ANOTHER STEP IN THIS PROCESS
[graylnjo] If they don't move forward pretty quick with monetary reform, won't they just implode and dissolve into nothing with all the violence?
millionday] graylnjo THEY WILL LOSE ECONOMICALLY ----
THEY CAN NOT AFFORD TO USE THE CURRENT CURRENCY DUE TO ITS LARGE DENOM REMOVAL
AND ALSO THEY HAVE REGULATIONS THAT WOULD CAUSE THEM TO LOSE THE LOWER DENOMS