Iko Ward: Forex did not revert to the CBI rate of 1166. It has stayed down in the low 1120's now for over 24 hours. That is new. When it polls now it only moves a couple points, not 30 or 40. This is supposed to be a big week. I think they are reflecting that…… if we get below 1110 we are well on our way IMO…. The best we have ever seen was 1105 back in January
Bobinfanu: The US dollar is reacting to market activity. Our US treasury is not buying dollars. The Euro is inflated accordint to their economies. China needs to adjust the my buying wood saws for 35 cents or they will be too high for the market.
Iko Ward: Concerning the new CBI site. There is no need for a professional site developer working for the hottest government on the planet to "test" live on the web. They might need to make sure the gateway operates across the web but not the architecture. They may be setting people up to grab their emails or ever start charging membership fees.
OK Rocks: the US holds a de facto veto on the IMF board. According to Sheng, the conditions the IMF board places on China for the renminbi's entry into the SDR basket will therefore largely be dependent on the state of China-US relations. "The key, then, is what political price China is willing to pay to join the club," Sheng said, adding that the "real question" is whether China will start to "play a different game" if it fails to gain entry in November.
RMB's entry to SDR basket comes at a political price The IMF executive board will next meet *in November* to review the SDR composition and its valuation.
NurseGinger: Okrocks~that is the million dollar question...timing...we don't know what we don't know.... Next month the US will have visitors from China and The Vatican. The Fed is also anticipated to raise rate next month also. We shall see....
Martha: the Forex and the swift system are more visible and can not be shut off and on. The CIPS system which parrallels the swift IS on line and working at 100% it is stated that it is coming? It is here and functioning….. I had 2 interesting thoughts last night.one is we have to realize that most countries have 2 sets of monetary books but I wonder how many does China have…… and the other thing is how many people have seen the movie National Treasure?
Depaul13: I believe China will wait another 48 hours…. China wanted to devalue 10%..... we are close
Martha: You are probably right which would bring it to 8/20 but lets stay optimistic
Suggar: every one is trying to position themselves in anticipation
Iko Ward: Depaul, Thursday always is a better day for movement. You may be right.
Depaul13: Iko.... remember.... they want to have control
InfinitePower: Here is a thought -- I don't think we will see the RV until all (Dinar) reserves have expired.... Also, the PTB could be waiting on IRAN to go in the first basket? What say you all......
Iko Ward: infinite, those are both good possibilities. It's going to matter how much pressure China and the Iraqi people bring to bear.
Depaul13: IKO... The bladder is Full in Iraq.... China see this
InfinitePower: IKo Ward -- Every time they apply pressure ; The PTB has away to calm them down..
.Martha: I dont think it is actually be in a basket
Depaul13: Martha.... I concur.... they won't be in this basket
Martha: look this will happen whether the US likes it or not. WE need to end the last 100 years of tyranny in this country. It is sad but true that 200 countries have turned around and said enough is enough…..
Depaul13: Exactly.... it is required to move into the future of our WORLD
NewCreation: Martha, thank God they have…
Martha: The PTB have made China as well as Russia the bad guys yet it is these countries aka BRICS that have come to rescue us.We are so programmed by the PTB and the media control that we cannot think for ourselves anymore. How many of our children have read 1984 by George Orwell and understand the premise of the story
InfinitePower: martha --- the PTB are still in control...
Depaul13: Infinite.... The Definition of PTB is Changing all the time my friend
Greatly Blessed: This Could Be the Change Iraq Has Been Waiting For
2:40 PM ET BY JANE ARRAF COUNCIL ON FOREIGN RELATIONS
Public anger over rampant corruption and poor government service has sparked the most sweeping reform plan since Saddam fell.
It takes a lot to get Iraqis angry enough to take the risk of demonstrating in the streets. They’ve learned the hard way the cost of public protests. But this week, mounting public anger over lack of government services and rampant corruption sparked the most sweeping reform plan in Iraq’s post-war history.
Prime Minister Haider al-Abadi, widely thought of as a man with good intentions but questionable clout, has managed to sell both his cabinet and Iraq’s famously fractious parliament on drastic political reforms aimed at reversing the most visible elements of a sectarian quota system in place since the United States ran Iraq.
The plan eliminates the positions of three vice presidents and three deputy prime ministers—posts used as bargaining chips between Shia, Sunni and Kurdish factions in almost every government since 2003. Abadi has also pledged to both pursue and reopen corruption cases against hundreds of Iraqi officials, including those in his own Shiite alliance.
Twelve years after Saddam Hussein was toppled, rampant corruption has collided with a serious financial crisis and the ongoing war against ISIS, prompting even Iraq’s most reclusive senior Shia cleric to warn that drastic measures were needed.
In the streets of Baghdad, it’s easy to see why. Iraq, OPEC’s second biggest oil producer, can’t provide enough electricity or even fuel to keep generators running in temperatures that top 120 degrees. When it gets too hot to provide air conditioning, the Iraqi government simply declares a holiday.
Under the political bargaining over the past decade, ministries are allotted to specific political parties and stuffed with party loyalists or people who have paid to get their jobs and, in turn, demand bribes for doing them.
All of this was business as usual until entire divisions of the Iraqi army collapsed in the face of the self-declared Islamic State’s onslaught last year. Commanders appointed for loyalty to former Prime Minister Nouri al Maliki oversaw a hollow army with corrupt officers, siphoning off money from food and ammunition and tens of thousands of nonexistent soldiers.
Politicians are still grappling with the fallout of the Islamic State’s massacre of more than 800 unarmed young military recruits last year near Tikrit, most from impoverished Shia communities in the southern Iraq. A year of protests by families demanding information about the fate of their relatives killed at Speicher base has paved the way for the wider demonstrations in Baghdad, Basra, and other cities.
At security checkpoints around the city, posters of soldiers, police and other security forces killed in battle in Tikrit, Baji and other battles plaster the walls.
“They sit in their air-conditioned offices and they send us out to die,” one soldier said of his commanders recently when I asked him about one of the fallen.
Former prime minister Nouri al-Maliki crushed demonstrations during his rule when plain-clothes police officers beat and stabbed protesters. He sent the army in to dismantle Sunni protest camps in the Anbar protest.
In these demonstrations, police who share the same complaints as other Iraqis, were handing out bottles of water and taking selfies with the protesters.
Maliki is one of the vice presidents who will lose his job assuming the reforms withstand an expected constitutional challenge. He has backed the reform plan but isn’t expected to disappear.
Others won’t go as quietly. Ayyad Allawi, a secular Shia who leads a largely Sunni party, won more votes than Maliki in 2010 elections but was outmaneuvered for the job of prime minister. He has called eliminating his role as vice president unconstitutional. The Kurds are also expected to oppose reforms that will weaken even further their share of power in Baghdad.
The plan would give Abadi the authority to fire corrupt or ineffective provincial governors and dissolve provincial and local councils, making him the most powerful prime minister in Iraqi history. Some worry that even the benign-seeming UK-educated engineer could be a dictator in the making.
The Arab Spring passed over Iraq after it started in Tunisia five years ago. Iraq’s dictator had already been toppled. These protests—broad-based and non-sectarian—reaffirmed their support for Prime Minister Abadi at the same time they demanded better government. With Iraq in danger of failing, it has given him a historic opportunity to help hold the country together.
BGG Article quote: "President of the parliamentary Economic Committee, Dr. Haitham al-Jabouri, an elite group of advisers, experts and academics...included within the plan of economic reforms and the issue of Iraqi dinar to float where participants set Of recommendations to be submitted to the Office of the Prime Minister."
Keep in mind...though high powered - this is a group of experts who got together and talked things over...(not the Gov of CBI or PM)...and are (or have) forwarding their idea(s) to Abadi...I am not sure "float" is the singular though - it is not impossible they could be talking about the IQD "going up"
My point is this - the translation "float" could be easily better "characterized" as "going up"...That is the STUNNER...
Q: [Do you think its possible they still haven't decided how they are going to do this? meaning open to suggestions?]
BGG: For sure - they haven't even fully regained control of their own CBI yet... anything is possible. more than whatever it is they are saying - is the "weirdly coincidental" timing of these few articles coming out...right around this "period of reform" by Abadi...this seems to be a time of "rapid change" - so things could unfold very, very quickly.
Walkingstick » August 18th, 2015, 8:44 am Cabinet agrees to extinguish the debt owed by taxpayers to pay direct tax deduction
Cabinet approved during its regular to extinguish the debt owed by taxpayers to pay direct tax deduction
Walkingstick » August 18th, 2015,
Maliki will not return to Baghdad and Tehran acquitted even send a senior delegation to gain "immunity"
Posted 18/08/2015 10:31 AM
Iraqi political sources said that Vice President article Nuri al-Maliki who is currently in Tehran, "will not return to Iraq only after Tehran reached an agreement with Prime Minister Haider al-Abadi guaranteed not to display it to eliminate any charge was."
The newspaper "Okaz" Saudi Arabia, pointed out that "Tehran has sent secretly to Baghdad for this purpose, the commander of the Qods Force of Iran Qassem Soleimani, accompanied by high-level political and religious delegation to accomplish this task as soon as possible." The sources confirmed that al-Maliki discuss in Tehran how to deal with reform measures which tries Abadi application and obtain guarantees believes not legally held accountable for corruption files that implicated them.
Walkingstick » August 18th, 2015,
Parliament: the distribution of salaries of deputies for the month of August will be a reduction of 45% in accordance with the reforms
the information department of the House of Representatives announced that the council members' salaries for the month of August of this distribution will be a reduction of 45% according to government reforms passed by parliament last week.
According to a statement received by the agency all of Iraq [where] a copy of it, "We would like to inform all media that the House of Representatives, which will be spent on 28 of this month, the salaries have been reduced by 45% of salary, according to the financial department in the Iraqi parliament."
The statement stressed that the "Iraqi Council of Representatives and his staff strongly supportive and pro-governmental and parliamentary reforms approved by the Board finally and for all subsequent actions."
denied the information department of the parliament, "What throughput of some local media about the sit-in the House of Representatives staff in protest at pay cuts," asserting that what was published does not represent the image the real in all its aspects and that the sit-in, which took place in the Council building on Monday was a very limited number of House of Representatives staff does not constitute 1% of the number of employees as all employees starting from the Secretary General of the Council of Representatives and special grades of employees of the Board and staff has been reduced salaries by 40-30% of salaries. "
The statement called on "the media to be accurate and credibility in the news."
The Council of Ministers approved in its session on July 21 to reduce the top positions salaries of the three presidencies and be the prime minister and his deputies by 50%, the amount of remuneration of the President and the Speaker of the House and be by salary and allowances of the Prime Minister, and the salary and allowances of the Vice President and the Vice President of the House of Representatives by salary and allowances of the Deputy Prime Minister.
It also decided to reduce the minister allocations and who Badrjtah and earns Roatbh by 45%, and the amount of the earned after the House of Representatives by salary Minister reduction, and reduced allocations agents ministers and advisers and those with special grades and general managers and their grade and earn their salary by 40%.
The Cabinet decided also reduce staff allocations in all functional addresses in the three presidencies, bodies and departments associated 30% .anthy
JDTolle » August 18th, 2015, Live the miracle
What if you could step back and see the full value that challenge has added to your life? You would seek it out endlessly.
Imagine that you could see the entirety of the connection between gratitude and life’s abundance. You would be eternally thankful for every little morsel of substance in your life.
Consider what it would feel like to know the full, positive impact of just one small, kind act. You would seize upon each opportunity to offer kindness, compassion and encouragement.
Think of all the good, decent, life-affirming acts people engage in every day. Though they are quiet, modest, and little noticed, there are billions upon billions of them, and their positive influence is incalculable.
Invest a few moments to consider all the goodness that surrounds you, and all the possibilities available to you. Remember that what you focus upon, is what you act upon.
To the east, a golden glow fills the sky and another miraculous day of life has begun. See the miracle, feel it, and live its richness in every experience.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. Discovery is seeing what everybody else has seen, and thinking what nobody else has thought.-- Albert Szent-Gyorgi