Post From Wealthwatch.world Chat Room 8-16-15
Wealthwatch Evening Chat 8-16-15 Part 1 of 2
chattels: jump back,stand back, I'm back :)
chattels: LIke a bad penny, I keep turning up. You can't lose me :)
faith: Economist: deletion of zeros from the currency will reduce the dollar traded in the local market. Chattels, did you see this article on the IQD Team Connection Site?
chattels: ‹@faith› Yes ma'm. Winnerdinar brought it to us.
faith: Sorry....day late and dollar short!
chattels: ‹@faith› It is a difficult read for me and others thus far. Your thoughts ?
chattels: Same day and never too late :)
faith: It looked to me (the hopeful me) that the removal of the zero would result in 25 dinar (as opposed to 25,000) equal to $75. $3 to 1 dinar?????
chattels: ISF is advancing on ISIL in all directions in Ramadi Published: 2015/8/16 16:58 ISF is advancing on ISIL in all directions in Ramadi Baghdad (AIN) –The ISIL terrorists started losing its main directions in Ramadi city, the Cell of War Media said in a statement on Sunday.
“The joint operations chamber assured the Iraqi security forces are progressing in the directions according to the plans,” the statement added.
faith: lf you click on the "source" of the article, it takes you to the actual article which was much easier to read.
chattels: Baghdad (AIN) –The Joint Iraqi Security Forces stormed in Ramadi Railway Station from the western axis on Sunday and managed to kill many ISIL elements. The War Media Cell reported in a statement received by AIN "The joint ISF succeeded to storm in Ramadi Railway Station from the western axis." "The ISF caused huge casualties among the ISIL terrorists," the statement added.
chattels: ‹@faith› ty
chattels: ‹@faith› I like your read on it ! :)
chattels: ‹@faith› Now, if the " rate " is true, we await the date.
faith: Were you able to get to the actual article? I used the Bing translator.
chattels: Allawi condemns attack on demonstrators demanding real reforms beyond the proposed reforms package 08/15/2015 19:42
chattels: ‹@faith› I have not yet.
chattels: ‹@faith› can you post your translation here ?
faith: Will do.
faith: The balance of news Economic expert alecs Antoine, Sunday, that the deletion of zeros from the Iraqi dinar will decrease the circulation of the u.s. dollar in the local market, indicating that the project four years ago, Matrouh and deferred for further notice.
Antoine said to balance news, Bill delete zeros Matrouh four years ago and was intended to achieve the basic objectives, provided there is a political and security stability, economical to process, and create a banking system for printing amounts. "
"Sinan Al-Shabibi era when he was Governor of the Central Bank postponed this project and lost stability and requirements for the implementation of this process and is now delayed indefinitely until the appropriate conditions."
He noted that "this project will reduce the use of the dollar in the domestic market, and get rid of damaged, in addition to reducing the large numbers mathematically, traded and reduce the pressure on the Fund's Board of Trustees, and there are a lot of benefits from deleting zeros."
The largest denominations are the 25,000 dinar equal to $ 22, in the case of the deletion of zeros and converted to 25 dinars, it would be equal to $ 75, this process will give the larger local currency and reduce the use of the dollar in the domestic market ".
Antoine continued that "the Iraqi citizen tends to use cash and does not deal with the modern Visa card and instruments, these methods could devolve"./finished 29/10 The views expressed below do not reflect the opinion of balance-news site, but reflect the views of the poster only.
chattels: "Sinan Al-Shabibi era when he was Governor of the Central Bank postponed this project and lost stability and requirements for the implementation of this process and is now delayed indefinitely until the appropriate conditions."
chattels: i.e., " ............. political and security stability, economical to process, and create a banking system for printing amounts. "
chattels: ‹@faith› it is a more readable translation and I agree with your impressions
chattels: or conclusions regarding a projected rate
faith: Time will tell.
chattels: ‹@faith› the current rate is correct, the mechanics of deleting the zeroes appears to be off of the face of the note, but how he arrives at a value of $ 75 is a mystery to me ?
faith: What a beautiful mystery!!!! :grin:
chattels: ‹@faith› :) , I love happy endings and have never over emphasized the process in getting there :)
BOBBY: Chattels...... riding the gravy train with biscuit wheels ... lol
TxBrand: truck drivers
chattels: ‹@BOBBY› a pleasant passage :)
faith: I, and I think like most of us here, are only searching for truth and facts. Once we have that then we can all make our own decisions regarding this investment. That's why I like this site and the work you guys do.
TxBrand: so the truck drivers have to accept the tariffs so Iraq came become members of the WTO :whistling:
TxBrand: that was a question lol
chattels: ‹@faith› we are glad that you are here
chattels: ‹@TxBrand› I am not conversant with the info regarding your question
TxBrand: ‹@chattels› I was sorta joking.. I think lol
whitelions: ‹@TxBrand› are you talking about the law on work that was passed yesterday?
BOBBY: Whitelions.... interesting post on the IQD TEAM about Hakeem and Sadar being called to Terran
Abraham: The work of the IMF and the WTO is complementary. A sound international financial system is needed to support vibrant international trade, while smoothly flowing trade helps reduce the risk of payments imbalances and financial crisis.
The two institutions work together to ensure a strong system of international trade and payments that is open to all countries. Such a system is critical for enabling economic growth, raising living standards, and reducing poverty around the globe.
whitelions: ‹@BOBBY› it is but we could only fine one so I'm thinking it may be a farse we will see
whitelions: ‹@Abraham› did you swallow a dictionary lol
Abraham: n of the WTO. Regular consultation: The IMF has observer status in certain WTO bodies, and may participate in meetings of certain WTO committees and working groups.
The WTO Secretariat attends meetings of the IMF Executive Board or the Board Committee on Liaison with the World Bank, and other international organizations on matters of common interest.
Trade policy issues may feature in Fund surveillance activities and can be addressed in the context of IMF-supported programs, when needed, to meet the program’s objectives. Equally, IMF surveillance reports are important inputs to the WTO’s periodic reports on member countries’ trade policies (Trade Policy Reviews).
The WTO Agreements require that it consult the IMF when it deals with issues concerning monetary reserves, balance of payments, and foreign exchange arrangements.
For example, these agreements allow countries to apply trade restrictions in the event of balance of payments difficulties. The WTO’s Balance of Payments Committee bases its assessments of restrictions in considerable part on the IMF’s determination of a member’s balance of payments situation.
Abraham: The IMF, WTO and WB work closely with the IMF taking the lead
Abraham: Tariffs are a Condition, Iraq has to apply them. Good for us as they can't apply them without raising the value if not mass social unrest
BOBBY: Abraham.... are the protest s having an impact ?
Abraham: Did not mean to cut in on anyone. Just wanted to share some info with you
Abraham: ‹@BOBBY› I think so
Abraham: ‹@BOBBY› that was some info I pulled while doing some research
BOBBY: Abraham........ seems to be some confusion about Maliki and Mahmood s position.......
Abraham: ‹@BOBBY› I know how they work was very very involved with the IMF and a Developing Country since I was the main foreign exchange for that Country
Abraham: ‹@BOBBY› meaning my Company
Abraham: ‹@BOBBY› * foreign exchange earner
Abraham: ‹@BOBBY› it's not unusual in circumstance like this to have what I call "loose talk"
BOBBY: Abraham. ..... your thoughts on Maliki and Mahmood....... still seem active in government roles
Abraham: ‹@BOBBY› I don't know Abadi's plan! How he will handle them! But I am confident that whatever needs to be done by Abadi will be done. Whether that means Interpol arresting Malaki in a few days. We don't know!
chattels: Parliament awaits the arrival of paper to reform the judicial system and will be voted on 16-08-2015 Parliament confirmed the decision Niazi architecture Ihsanoglu, Sunday, that the House of Representatives and awaits the arrival of paper laws to reform the judicial system,
stressing if necessary, we will vote on them, as revealed the intention of Parliament questioning the security chiefs for violations occurring in Baghdad.
Ihsanoglu said in a press statement: "permit the House of Representatives and awaits paper laws of the judiciary, did not we learn the details yet," noting that "if required by the constitutional and legal necessity this paper we will vote on in the House of Representatives."
chattels: translate.googleuserconte... LINK
chattels: The Ministry of Commerce open all its staff files for exposing corruption in the ration card 2015/8/16 14:20 [Baghdad-where] The Ministry of Commerce announced the audit files of all workers in the ministry of the former and current knowledge of cases of abuse and waste of public money in the services and the ration card file "threatened the same time" corrupt deterrent punitive measures. "
And transfer to a ministry statement received by the agency all of Iraq [where] a copy of it, the minister Mlas Mohammed Abdul Karim said during a meeting with Bmlakat ministry, departments and public corporations "that the coming period include more punitive measures and strict scrutiny of personnel files, as well as the application of laws to all, without exception with look at all the Iraqi competencies away from quotas partisan and sectarian politics. "
chattels: translate.google.com/tran... LINK
chattels: His office: Abadi will launch a second package of reforms next Tuesday BAGHDAD / .. A spokesman for Prime Minister Saad al-Hadithi press office, Sunday, is expected to launch Abadi second reform package during the Cabinet meeting the next Tuesday.
Abraham: ‹@BOBBY› Maliki and his goons were stopping progress on many fronts even the very laws that would remove them! So a command came down to Abadi from the top religious leader
Abraham: ‹@BOBBY› Abadi needed that covering & Protection. As the saying goes, "More than one way to skin a cat".
Abraham: ‹@BOBBY› we are assuming, we don't know all the facts! And in a situation like this we are not going too until they want us to know
Abraham: ‹@BOBBY› Abadi is no fool! He is going to use wisdom! If we were in his position, we would too! That's the dept of anointed leaders
Abraham: ‹@BOBBY› my understanding is that Abadi has a immunity and a free hand to do what has to be done! I am sure he has it in ink!
Wocardtexas: Bobby do we have idea when
BOBBY: Wocardtexas..... nobody does........ its all speculation
Wocardtexas: What's your speculation
Abraham: ‹@Wocardtexas› at present more important issues are being addressed. When it RV we All can exchange. There will be no tier , 1, 2, 3 etc. that is nonsense
BOBBY: i believe there is more work to be done, alot has been accomplshed though
Wocardtexas: Abraham when do you think that time will be
Abraham: ‹@Wocardtexas› the Banks will have the rate and we choose which one we want to transact business with and do our business! Very simple
Wocardtexas: How soon you think
Abraham: ‹@Wocardtexas› only God knows
Wocardtexas: Oh ok I would like plan when we think it will happen
Abraham: ‹@Wocardtexas› all I will say to you is we are in a very good position.
Wocardtexas: I'm about lose my house just asking
BOBBY: Wocardtexas.... i am sorry to hear..... i would not count on this until it happens, just my opinion
Wocardtexas: Bobby hear you on that just wish I had time frame
Abraham: ‹@Wocardtexas› I am sorry to hear that but it's not the end of the World! God may have something much better for you, and to get that you have to loose this!
chattels: ‹@Wocardtexas› I can empathize. Lost my house about one year ago. It is survivable. :)
Wocardtexas: Yes but it's hard when everyone looks for me to have answers
Abraham: ‹@Abraham› I am thankful for everything I lost in my life! Didn't see it at the time! But praise God I lost those things!
Abraham: ‹@Wocardtexas› that was meant for you
chattels: ‹@Wocardtexas› I have actually enjoyed being a tenant. If it breaks I call the landlord. :)
Wocardtexas: Lol :angry :cool:
Wocardtexas: Cause I fix everything
chattels: Lost some of my health about 18 months ago. Property pails in comparison.
Abraham: ‹@Wocardtexas› that's the issue right thete! You attitude determines your altitude
Wocardtexas: I just need to take deep breath relax
chattels: Moreover the camel cannot pass through the eye of the needle, much less one loaded down with riches. :)
TxBrand: the eye of the needle was a gate the camels went through
Abraham: ‹@Wocardtexas› how many times did Abraham Lincoln loose?
Wocardtexas: You guys so much . Speak truth
Wocardtexas: That true statement
Abraham: ‹@Wocardtexas› if you want to be a winner you have loose and smile
Wocardtexas: I read a lot news not hear say
chattels: " THESE are the times that try men's souls. ....................... [ adversity ] , like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; ............ "
chattels: " Fight the good fight, holding on to faith and good conscience. "
Comments may be made at the end of Part 2 Thank You