Re: MillionDay Round Table, Thursday, September 4, 2014 Part 2
[millionday] NOTE -- LET ME EXPLAIN THIS PART TO YOU
[millionday] BANKS ARE ONLY REQUIRED TO HAVE ON HAND A CERTAIN % OF THE MONEY THAT IS DEPOSITED IN THEIR BANK AT ALL TIMES –
THE REST THEY ARE ALLOWED TO LOAN OUT FROM BANK TO BANK OVER NIGHT AND GAIN --- ALSO INVEST ECT ----
[mrref1216] Well thats good news for the people wanted to do contract work, because there is no one moving into Iraq as long as ISIS is there...
[millionday] THIS IS WHY THEY ARE AFRAID OF A "RUN ON THE BANKS"
[papatom] so the banks have to much cash..and need to get it out to the people in the form of loans..?
[millionday] SO WHAT THEY ARE SAYING
[millionday] LET ME HAVE THE FLOOR PLEASE
[millionday] LIQUIDITY COMES FROM THE MONEY THAT IS DEPOSITED AND THE % THEY HAVE TO HAVE ON HAND
[millionday] MAKE SENSE ?
[millionday] SO THE MONEY WILL BE USED TO GAIN FOR SHAREHOLDERS AND FOR THE COUNTRY`S ECONOMY
[millionday] HERE IS THE REST OF THAT -- pointed to the importance of supporting and developing the private sector through increased Loans for projects in Iraq and facilitate the task of the owners of small and medium enterprises to obtain loans to finance their projects to provide new income for them, in addition to creating jobs, where will lead to the evolution of the economic reality of Iraq.
[millionday] SO THERE AGAIN -- THE LEAD TO THE ECONOMIC REALITY OF IRAQ
[papatom] Millionday... do you remember your post about 6 mo or so ago...when the CBI and GOvt were encouraging small family run business's to become Corporations.....??? here ya go!
[millionday] IT HAS BECOME CLEAR THAT THEY ARE MOVING TO A FREE MARKET ECONOMY AND ARE LAUNCHING THE ECONOMIC AND ALL REFORMS
[awesomedtl] Abadi said immediately after the gov is in!!
[millionday] papatom EXACTLY --- THEY HAD SO MANY REASONS AND NEEDS FOR THAT TO OCCUR -- BUSINESS ACCOUNTS -- DEPOSITS IN THE BANKS AND ALSO -- THE STOCK MARKET IMPACT TO THE GLOBE
[papatom] foreign investment can't happen with out a corporation to invest in..... thus the ISX.....thus IRAQ's income from investment
[millionday] CORPORATIONS ARE ABLE TO GO PUBLIC BY BEING LISTED ON THE STOCK MARKET ---- AND THE IMPACT OF THIER VALUE ADDS TO THE MARKET EVENT WHEN ISX AND ESX ENTERS THE GLOBAL STOCK EXCHANGE
[millionday] IRAQ WANTS TO MAKE IT A HUGE EVENT SO INVESTORS GAIN CONFIDENCE --- THAT IS WHY THE HUGE HUSTLE TO GET ISIS AND ALL TERRORISM OUT IN A HURRY AND
[papatom] Millionday.... is it ok to do a what if?
[millionday] WE ACTUALLY READ THE REPORT WITH IRAQ STATING THAT THE GLOBAL ECONOMIC CONDITION OF THE GLOBE DEPENDS ON IRAQ`S ENTERING TO ITS MARKET
[papatom] millionday and the positioning of US troops to keep the peace!
[millionday] SURE GO AHEAD PAPA
[papatom] ok....MD what if.... the ESX ends up FOLDING into the ISX....after the new govt forms and all the agreements are in place and it's a unified govt/country!!!
[millionday] MONEY AND THE HOPES FOR A HUGE IMPACT TO SHOCK THE ECONOMIES OF THE WORLD MAKE PEOPLE DO STRANGE THINGS -- LIKE JOIN FORCES AND MOVE ANY THREAT TO THAT COUNTRY
[papatom] remember...the NASDAQ GAVE the ISX their software package last year...and said it would be up and running the middle of THIS year.....
[papatom] and it is....
[papatom] ISX would be REALLY bigger if that happened.....as the center of the eastern world trading...it would make sense...
[millionday] papatom I CAN SEE THAT COMING --- IF THIS GOV CONTINUES TO VALUE THE KURDISH OPINION -- WHICH OF COURSE THIS ONE WILL -- HE IS A KURDISH MAN –
HOWEVER -- THEY ARE BEING TREATED WITH RESPECT NOW SO THEY WILL REMAIN IMO UNTIL CHANGES IN A NEGATIVE FASHION HAPPEN IF THEY DO
[papatom] just a what if.... =)
[millionday] THEY ARE THE ONLY ONLY COUNTRY THAT WAS NOT EFFECTED BY THE GREAT RECESSION -- IMO
[papatom] there isn't any other exchange on the planet that is as close to each other as those two would be....
[millionday] I AGREE -- AND ACTUALLY THEY WILL HELP EACH OTHER BY JOINING UP
[johnsoos] ?? Is obama holding this up
[millionday] papatom I AGREE
[millionday] PRESIDENT OBAMA SAID AT HIS LAST STATE OF THE UNION ADDRESS I BELIEVE IT WAS THAT HE WOULD HAVE HALF OF THE COUNTRY`S DEFICIT GONE BY WHEN HE LEAVES OFFICE
[millionday] IT MAY JUST BE ME -- BUT MAKES ME THINK THAT HE IS EXPECTING A HUGE HUGE AMOUNT OF ECONOMIC CHANGE IN A HURRY
[papatom] millionday he also told the G20 he would have the countries debt paid off.....in a year or two...what happened there?
[millionday] WHAT I MEAN IS THIS
[millionday] WE WILL GAIN BY THE IRAQ ECONOMIC REFORM -- NOT LOSE – ‘
SO I DONT SEE HIM HAVING ANYTHING BUT HOPE FROM IT AFTER THE COSTS OF THE LAST WARS AND THE HUGE DEFICIT WE HAVE -- AND THE EMBARRASMENT IN THE REGION IMO
[millionday] I DONT HAVE A DATE BUT IT APPEARS WITH THE VOTE COMING FOR FOUR MONTHS OF THIS YEAR AND THE HUGE RUSH OF ALL THEY ARE DOING -- WE ARE CERTAINLY CLOSE ---
[millionday] I WAS VERY EXCITED OVER THE NEWS THAT THE FIRST HALF OF THE YEAR`S ACCOUNTS ECT WERE GIVEN
[millionday] DUE TO THE PLAN OF THE ECONOMIC REFORMS
[tarrog1] Is Russia, Iran and obviously Maliki trying to hold this thing up? And what has Russia and Iran got to gain by doing this?
[papatom] millionday is that referring to NEXT YEAR?
[millionday] THE FIRST HALF WAS TO BE AT 1166 -- THE SECOND HALF OF THE YEAR WAS TO BE AT A PROGRAM RATE -- WE JUST DONT KNOW WHAT IT IS --- BUT WE DO KNOW ----- IT IS THE REALITY RATE
[edreth1] millionday ? do ya think we can go into 2015 ? Just asking
[millionday] tarrog1 NO THEY ARE NOT TRYING TO HOLD IT UP -- THEY ARE TRYING TO TAKE OVER SOME OF A COUNTRY THAT DOES NOT BELONG TO THEM
[millionday] papatom NO THIS YEAR
[millionday] ALSO LET ME SAY THIS
[millionday] THE 16TH OF THIS THIS MONTH THROUGH THE 26TH -- NATO IS GOING TO HAVE "MILITARY PRACTICE" ON THE BORDER OF UKRAINE -- THAT IS ALOT OF COUNTRIES
[millionday] THEY HAD SAID THEY WOULD CANCEL DUE TO THE UPSET THERE BUT THEN CHANGED THEIR MINDS
[DinarGroupie] Md what do you think that means in regards to us?
[millionday] DinarGroupie I THINK THAT IT HAS TO DO WITH WHAT IS GOING ON WITH RUSSIA ---
[DinarGroupie] Md and then...? Still not seeing the connection with Russia.
[millionday] IRAQ IS NOW ONE OF OUR ALLIES
[edreth1] millionday will you be back tonight ?
[millionday] NO I WILL BE BACK FOR ROUNDTABLE TOMORROW
[dinar dave] Millionday - Is it true the dinar will be a reserve currency????
[millionday] dinar dave IT WILL HAVE TO BE WITH THE TRADE BANK OF IRAQ BEING IN 95 COUNTRIES ----
[dinar dave] Can you pay a debt down with a reserve currency???
[papatom] dinardave .... don't confuse that term with the one used for the USD. it will be a curency held by most countries...but the usd will remain the reserve for the world.... for now.... imo
[johnsoos] ?? gov will be voted on in the next 3 days correct
[millionday] dinar dave THEY CHANGED A LAW TO MAKE IT COUNT LAST YEAR
[OOTW] papatom remember a few months ago we saw that iraq had issued a com announcement stating that they were converting iqd to sdr's in order to pay their imf debt?
[millionday] johnsoos THEY SHOULD BE VOTING TONIGHT AND WE WONT SEE IT WITH THE BUDGET ACCORDING TO MY MOST RELIABLE INK –
BUT THEY MAY NOT COME IN AND REACH QUORUM -- SO WE WILL HAVE TO WAIT FOR INK
[papatom] OOTW well SDRs are a debt instrument that countries use to buy stuff....so converting dinar to sdrs is not an unusual thang to do
[millionday] papatom* *-- RIGHT GREAT POINT --
[papatom] millionday even if we don't see it...do ya think we will HEAR about the vote?
[millionday] YES I DO ----- THE VOTE NEEDS TO OCCUR TONIGHT IMO DUE TO THE TIME CONTRAINTS