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Wealthwatch OOTW Chat 12-30-15 Part 1 of 2
OOTW: IF SOMEONE ASKS YOU TO TURN OVER YOUR DINAR - DO NOT LISTEN TO THEM OOTW: ENTER INTO "GROUPS" AT YOUR OWN RISK
OOTW: WHETHER THEY ALLOW YOU TO HAND ONTO YOUR DINAR WHILE YOU PARTICIPATE IN THE GROUP OR IF THEY REQUEST YOU TO TURN THEM OVER...REGARDLESS OF THE CIRCUMSTANCES...OUR SITE DOES NOT SUPPORT THIS POTENTIAL ACTION BY YOU, THE DINAR HOLDER
Tootsie: ‹@OOTW› sound advice. Do not let the dinar out of your hands
OOTW: THANKS TOOTSIE!
Tootsie: I , personally, know of a few who fell for some of the 'nonsense' - one and a group of his friends went to NY, were guaranteed to have a wire transfer in their banks by Tuesday ~ guess what! NEVER HAPPENED. their dinar are gone, along with expenses to get to NY etc
Tootsie: and don't forget the many who went to Reno, sat in a room waiting, waiting --- sure. never saw their dinar again also.
Tootsie: This is just the tip of the iceberg. You are more intelligent than to fall for any such 'scheme' . There will be only one rate, and it will be when internationally acceptable legal tender. and will be worldwide.
Tootsie: If I remember correctly, CBI will announce, will be picked up by the markets (forex) and then the banks. All will be a very quick process.
Tootsie: No "in country Tootsie: nonsense Tootsie: for legal tender
Tootsie: and China has no say either
rocknrollbus: Has anyone heard about the Tarriffs being turned on 1/1/2016?
Tootsie: The first of the year is around the corner. Let us see if they hold to their word re: Tariffs and other items. IMF presence is great; plans are great; implementation is PRIMO
Tootsie: ‹@rocknrollbus› yes, we shall see, hopefully not a replay of last year, what with the IMF babysitting lol
OOTW: ROCKNROLLBUS OOTW: I WILL PULL IN SOME VERBIAGE FROM THE 2016 BUDGET BRB
OOTW: B – A Sales tax shall be levied on imported goods in accordance with the following table, (and shall accordingly work until Law of Customs Tariff comes into force): Final Iraq Budget 2016 23 Article Tax rate Notes 1 All kinds of cars 5% Levied at registration in transportation departments 2 Tobacco and Cigars 100% Collected from the General Commission for Taxes 3 Alcoholic beverages 100% Collected from the General Commission for Taxes C - The amended Customs Tariff Law No. 22 for 2010 shall be activated, in addition to Consumer Protection Act No.1 for 2010 and Iraqi Products Protection Act No.11 for 2010 to be implemented on all Iraqi border points to accomplish justice.
OOTW: "AND SHALL ACCORDINGLY WORK UNTIL LAW OF CUSTOMS TARIFF COMES INTO FORCE"
OOTW: "UNTIL LAW OF CUSTOMS TARIFF COMES INTO FORCE"
OOTW: NOW SEE THIS PLEASE
OOTW: "Article 53: This Code shall be published in the Official Gazette and put into effect as of January 1st 2016. Reasons: This Code has been legislated to approve The Federal Budget of the Republic of Iraq for the Fiscal Year 2016. "
OOTW: SO I WOULD CAUTION THAT WHILE IT SEEMS ACCORDING TO THE VERBIAGE OF THE BUDGET THAT ALL THAT'S IN THE BUDGET WILL BE COMING INTO FORCE IN 2016 - THERE ARE TWELVE MONTHS IN 2016
OOTW: I MUST STATE THAT PROVISO
lonegunman: Just sitting here on the beach
Tootsie: ‹@lonegunman› all ok your way??
Tootsie: ‹@lonegunman› ?? beach?? pulling my leg?
lonegunman: Margaritas nope in jamaica
Tootsie: ‹@lonegunman› oh, right!!! I forgot~
lonegunman: Loved the christmas card
Tootsie: ‹@lonegunman› I am in hope that next Christmas I will be spending it on Xmas cruise with those important to me!!
lonegunman: Took us 12 hrs to get here should have been 5 or6
Tootsie: ‹@lonegunman› gosh, ~ too bad, weather certainly has taken a toll on travelers
lonegunman: Hey maybe we will see an end to this 3 ring circus
Tootsie: ‹@lonegunman› wouldn't that be a gift!
lonegunman: Going to eat and crash
Tootsie: ‹@lonegunman› k, tell spouse hello! and have a blast, ok?
Doug_W: where in Jamacia
lonegunman: Catch you tomorrow
Tootsie: sounds good to me, think I will also.
Doug_W: I spent 8 lovely days in Ocho Rioos many years back
lonegunman: ‹@Doug_W› montego bay
Doug_W: have FUN
lonegunman: ‹@Doug_W› for sure at least going to relax
lonegunman: Have a great nite
OOTW: HERE IS THE LINK TO THE ENGLISH VERSION OF THE 2016 BUDGET -WITH ADDITIONAL INFORMATION POSTED IN THE THREAD wealthwatch.world/showthr...
OOTW: AGAIN I WILL SAY THAT AWAKE-IN-3D'S COMMENTS POSTED IN OUR CHAT ROOM LENDING SUPPORT TOWARDS GROUP BUY INS/PARTICIPATION - ARE ABSOLUTELY UNSUPPORTED AT OUR SITE –
NEVER TURN YOUR DINAR OVER TO ANYONE - AND IF THE GROUPS STATE THAT YOU MAY RETAIN YOUR IQD WHILE YOU'RE A PARTICIPANT IN THE GROUP...
ENTER AT YOUR OWN CAUTION AND PERFORM DUE DILIGENCE - I DO NOT RECOMMEND, NOR DO I PROMOTE/SUPPORT ANY GROUP RATE PARTICIPATIONS - THIS, IMO, IS A SCAM
OOTW: ANYONE HAS POSTED A COPY OF OUR CHAT LOG FROM 12-28-2015 - I STRONGLY REQUEST THAT YOU ALSO PLEASE POST OUR REBUTTAL TO AWAKE-IN-3D'S POSTS –
OOTW: THANK YOU VERY MUCH FOR POSTING OUR REBUTTAL
OOTW: I WANT TO SHOW YOU ALL THIS
OOTW: THE CABINET PUT OUT A PRESS RELEASE TODAY
OOTW: HERE IS THE PRESS RELEASE
OOTW: 12/30/2015 15:13 It directed the General Secretariat of the Council of Ministers ministries and provinces all adopt the updated list of projects under the general budget for the 2015 law. This came at the Council of Ministers Resolution No. 428, which provides for the addition of infrastructure projects in the Ministries of Education and electricity to it, and that under Article 26 of the Budget Law.
OOTW: HERE IS ARTICLE 26 FROM THE 2015 BUDGET
OOTW: Article - 26 Cabinet authorizes the development of infrastructure projects determined on according to need ministries and provinces have no more than five (5) billion dollars and implemented on the basis of payment term and that deserves after a period of not less than (3 installment) years from the date of completion, taking into account the share the Kurdistan region of $ (17%) of the amount above. wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=48
Butifldrm: Happy New Years Everyone
Butifldrm: Hi Woods
Butifldrm: I want to bring in this one paragraph from the budget for discussion
MichelleL: hi everyone! Happy New Year, Merry Christmas, Happy Kwanza and Happy Hanukah :)
Butifldrm: E - The amount of $5 (five dollars) shall be approved for every barrel of crude oil produced in the province, and, $5 (five dollars) for every barrel of crude oil refined in the province refineries $5 (five dollars) of natural gas produced in the province.
Every province is to choose either revenue producing methods above and allocate an amount of 1,086,800,000 thousand dinars (one trillion, eighty-six billion, eight million dinars) for projects to the producing provinces and territories, out of allocations referred to in item (First; Article
OOTW: HI BUTI
Butifldrm: I am not sure if Kurdistan will receive the $5 dollars on top of the 17%
Butifldrm: ok so her is article 1
Butifldrm: Article 1: First: A - The estimated General Federal Budget revenue of the fiscal year 2016 is estimated 81,700,803,138 thousand Iraqi dinars (eightyone trillion, seven hundred billion, eight hundred and three million and one hundred and thirty eight thousand dinars) as illustrated in (Table A - revenues according to preparation of the budget) attached hereto to this law.
B - Revenues from export of crude oil on the basis of the average price of $45pb (forty-five dollars per barrel) and an export rate of 3,600,000 bpd (three million and six hundred thousand barrels per day), including 250,000 bpd (two hundred and fifty thousand barrels per day) accumulated from amounts of crude oil produced in the Kurdistan region and 300,000 bpd (three hundred thousand barrels per day) accounting the quantities of crude oil produced by the Final Iraq Budget 2016 Final Iraq Budget 2016
OOTW: I'M GOING TO PULL IN SOME OF A SKYPE CONVO BUTIFLDRM AND I ARE HAVING ON THIS
OOTW: THIS IS JUST FOOD FOR THOUGHT, CLEARLY SHE AND I NEED MORE TIME TO FURTHER RESEARCH THIS AND REPORT BACK
OOTW: [5:05:19 PM] BUTIFLDRM: art 26 has to do with infrastructure from 2015 budget [5:05:56 PM] BUTIFLDRM: The 2016 budget takes presidence
[5:06:29 PM] BUTIFLDRM: I don't remember seeing the 5$ allocation in the 2015 budget this is a first [5:06:52 PM] BUTIFLDRM: I am not sure that is what we need to find out
[5:07:46 PM] BUTIFLDRM: we need to relook at the 2015 budget
[5:08:29 PM] BUTIFLDRM: I am thinking this budget was voted on without any problem because of the 5 dollar allocation to the provinces
[5:08:54 PM] BUTIFLDRM: it goes along with the province and governorates law
[5:09:16 PM] BUTIFLDRM: this is a first
[5:09:23 PM] BUTIFLDRM: this may delay HCL
[5:09:26 PM] OOTW: THERE HAVE BEEN PRESS RELEASES ESP FROM THE PARLIAMENT SITE INDICATING THAT THEY MAY ALLOW THE LAW OF THE PROVINCES TO ACT ALSO REGARDING KURDISTAN – WE STILL HAVE TO WAIT TO SEE IF THIS COMES TO PASS
[5:10:06 PM] BUTIFLDRM: or these clauses in the budget/s may be a test run to see if both parties comply
OOTW: THERE ARE MANY FIGURES FROM THE 2015 AND 2016 BUDGET'S WHICH BUTIFLDRM AND I HAVE TO CROSS REFERENCE - IT WILL TAKE TIME
OOTW: THE ANALYSIS WILL HAVE TO WAIT UNTIL AFTER THE HOLIDAYS, I'M SORRY TO SAY
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