[wmawhite] Folks,........this is a process that has many parts to it that involve many entities.
[millionday] tourman i agree -- they have made huge changes and successes with its issue
[dinar dave] MD slow down....lol
[millionday] dinar dave what did you miss ?
[wmawhite] tourman .......you are correct.
[millionday] i am still here hun
[dinar dave] Your typing to fast...lol
[dovi] wmawhite I'm listening toooo!!
[tbob] wmawhite loud and clear!! lol
Read More Link On Right
[ROBINREDHED] it is all being copied
[chattels] What are your thoughts about the statement made by Chalibi on the DFI funds ?
[chattels] " Here we need to pay attention to a very important issue, which is related to Iraq’s money that is in an account in the US Federal Reserve. The only two people have access to this account are the Iraqi prime minister and the minister of finance.
In the event that the elections are canceled and the parliament ceases its work, the Iraqi government would not enjoy legitimacy. If the Americans agreed on this point, then Iraq would not have access to its money ." http://www.al-monitor.co ··· tkHVArHC
[millionday] they are no longer under any sanctions and the agreement for those funds would not allow the US of A to take control of Iraq`s money at all
[wmawhite] chattels ......That is why they will have the elections as scheduled.........IMO.
[chattels] wmawhite i agree
[love it 2] ?
[millionday] that process would be huge for the US of A to move that money and the UN to freeze those funds -- our country has no right to do that at all by international law period
[ROBINREDHED] love it 2 go ahead
[chattels] but the interview does suggest that access is / may be " restricted "
[tourman] with and RV this $ in the DFI fund would be a moot point right?
[love it 2] millionday ...in the event the election dont go... what could be the scenario after ?
[jimplants] tourman it turns into a sovereign wealth fund
[wmawhite] millionday .........you are referring to the SFA.....Strategic Framework Agreement???
millionday] he is dreaming to think that the US under international law could take control of their funds -- the law would never allow
[tourman] millionday agreed
[tourman] jimplants then it would have to be turned over to the CBI?
[millionday] they would just be postponed but dont see anything that says that or will lead to that -- however if they are delayed it will not halt the economic reform of the country
[love it 2] millionday ?
[wmawhite] millionday chattels ...I believe Chalibi is a Sunni too.
[jimplants] tourman it would become money for the country to be given to the people
[ROBINREDHED] love it 2 go ahead
[love it 2] millionday how can economic reform with no elections ?
[millionday] i am referring to the DFI funds agreement to protect the funds after release of the chapter 7 sanctions
[tourman] jimplants yes, thru the CBI. GOI would spend it like an allowance from a parent
[love it 2] how can it*
[millionday] the elections are not until April
[jimplants] tourman that was Shabbi's idea
[millionday] they have begun the economic reform already
[tourman] good one IMO
[millionday] i dont get what you are saying to me tourman what did i miss?
[tourman] millionday sorry millionday just conversing with jimplants
[love it 2] let me rephrase that question please... how can economic reform move forward with no elections and or M as the PM ?
[wmawhite] Folks,........keep in mind the difference between the GOI and CBI.
[jackiechan] http://au.news.yahoo.com ··· allujah/ robinredhead please ask millionday what she thinks about this? Please.
[millionday] tourman ok thanks
[wmawhite] The DFI and sanctions or the lifting of sanctions was between the UN and the country of Iraq.......not the CBI.
jackiechan] http://au.news.yahoo.com ··· allujah/
[ROBINREDHED] jackiechan she is checking it out
[millionday] that is a security report stating that a 72 hour truce has been given and it also says that maliki will have good luck in the election if he can resolve the issue in Anbar by the great job that will have shown and the distributions that will come from it
[millionday] it is reporting the issues as they go on all areas -- let me show the truce -- very interesting on the timeline
millionday] Iraq's defense ministry on Saturday announced a 72-hour halt to military operations in the militant-held city of Fallujah, but new violence showed the weeks-long crisis remains far from resolved.
The announcement raises the possibility of negotiations to end the crisis, during which gunmen have also seized parts of Ramadi, capital of Anbar province, highlighting both the reach of militants and the weakness of security forces.
While the loss of control in the two Anbar cities has posed a major challenge for Prime Minister Nuri al-Maliki's government, a successful resolution to the crisis could give the premier a boost ahead of parliamentary polls scheduled for April.
[millionday] good find hun -- nice report and that is a good point the issues being resolved and the reforms will be a huge boost for maliki in some areas
[millionday] see Iraq has a lot of poor and the distribution will make many happy and of course some resolve and growth -- he is making sure to
millionday] use propaganda to make himself look as the good guy for the elections and the cards have been issued already for the elections so they are electronic and i believe they all are out brb with more
[millionday] this is very important and is the report of the g20 from the meeting
[millionday] Global activity has picked up, largely on account of advanced economies. Growth firmed in 2013H2, driven largely by stronger outturns in advanced economies as final demand expanded broadly as expected.
In many emerging markets, despite a boost to output from stronger exports, domestic demand has been weaker than expected, reflecting in part tighter financial conditions.
A new bout of financial volatility has affected emerging market economies as markets reassess their fundamentals. While the pressures were relatively broad-based, emerging economies with relatively high inflation and high current account deficits saw the largest asset price declines initially.
[millionday] best part >>>>
[millionday] Markets are showing signs of stabilizing recently, although they are still fragile, on the back of actions by key emerging economies to shore up confidence and strengthen their policy commitments.
This episode, however, underscores vulnerabilities and the challenging environment for many emerging economies. The rapid jump in global risk aversion had also driven down advanced economy equity prices.
millionday] Iraq is definitely an emerging economy policy commitments -- love it exactly what we are waiting on --
[millionday] check this part out
[millionday] ROBINREDHED i agree -- smile
[millionday] However, the recovery is still weak and significant downside risks remain. Capital outflows, higher interest rates, and sharp currency depreciation in emerging economies remain a key concern and a persistent tightening of financial conditions could undercut investment and growth in some countries given corporate vulnerabilities.
A new risk stems from very low inflation in the euro area, where long-term inflation expectations might drift down, raising deflation risks in the event of a serious adverse shock to activity.
[millionday] in the event of a serious shock to activity -- love it
[millionday] i would call this emerging a shock to activity -- hope that is what they are saying -- they sure speak in code but love it
[millionday] In emerging market economies, credible macroeconomic policies and frameworks, alongside exchange rate flexibility, are critical to weather turbulence. Further monetary policy tightening in the context of strengthened policy frameworks is necessary where inflation is still relatively high or where policy credibility has come into question.
Priority should also be given to shoring up fiscal policy credibility where it is lacking; subsequently buffers should be built to provide space for counter-cyclical policy action.
[millionday] note -- they sound as though they are needing a change ---
[ROBINREDHED] i need a change
[tourman] millionday Is this an IMF report?
[millionday] this is the g20 report from the meeting they have had for the last two days on economies
[tourman] millionday thx
[millionday] here is the last of what i am bring of this report but look >>>>>>>>>>>>>>
[millionday] Exchange rate flexibility should continue to facilitate external adjustment, particularly where currencies are overvalued, while FX intervention—where reserves are adequate—can be used to smooth excessive volatility or prevent financial disruption.
Further policy actions are needed to reduce unemployment and strengthen medium-term growth, while making it more balanced.
Key policies to boost potential include competition-enhancing product market reforms, infrastructure investment, and labor participation reforms, while further action is needed to avoid a resurgence of global imbalances as the recovery proceeds and ensure sustainable medium-term growth.
[millionday] whoooopow ---- i agree completely
[millionday] see the thing is -- this is needed by all -- Iraq , US and the EVENT --is needed by the GLOBE
[millionday] as we have seen in past reports that Robin and I have had ---- the GLOBE is depending on them and IRaq stated that -- for Global help
dovi] millionday Lagarde also mentioned that
[dovi] about the globe
[millionday] dovi right -- so we have seen it from IMF , World Bank, Iraq < G20 smile etc etc
[Pablo] So, are they going to do the budget tomorrow?
[millionday] yes they are first reading and voted within 20 days and two weeks for all they have ready then
[alphaone2] When is the WTO set again
millionday] they said March for the WTO and we have not seen it change anywhere
[Road_Kill] Obviously there are still "things" that they need to get done or we would have seen the RV by now. Do we know what those "things" are? We know the budget has nothing to do with the RV but it would be a nice to have so what other things are there?
[millionday] Road_Kill The head of the governor of the Iraqi Central Bank and the Agency Abdel Basset Turki a meeting of general managers in the bank and a number of departments, private banks, as well as members of the Association of Banks in non-governmental organizations in Iraq.
A source of (time) yesterday (that the meeting discussed the instructions for the sale and purchase of foreign currencies that have been working out from last Sunday,
he said (banks expressed their willingness to implement the instructions to enhance the value of the Iraqi dinar against foreign currencies and began procedures to implement those instructions in support of the national economy and the process of development).
alphaone2] WTO When in March do you know
[Road_Kill] So it just a matter of putting the procedures into place?
[millionday] they have announced to us that they are doing the steps to raise the value and set the rates and that began with the work shop and now the banks have gotten their reserves that were set by regulations as well
Pablo] Sounds like they could go at any time.
[Road_Kill] TY that helps a lot
[wmawhite] Road_Kill Road_Kill .....the process actually started on the 16th when the CBI announced its move to OMO.
[Pablo] So, how many more days are we looking at?
[Road_Kill] wmawhite TY I missed that
[ROBINREDHED] ok, md just called and she cannot get internet back, but she said that was all any way she will trouble shoot and be back tomorrow night