The First SDR Review  By JC Collins

ECONOMICS, FREE POM

THE FIRST SDR REVIEW

JULY 24, 2015 By JC Collins

The press release from the International Monetary Fund on June 23, 2015, covered some interesting and relevant topics which we have been discussing here.  The trend in regards to monetary reform and the multilateral transition is now beginning to align with the macroeconomic policies which are unfolding internationally.

Whether its debt relief in Greece, revaluating exchange rates, loosening of capital controls in China, and the composition review of the Special Drawing Right, the signs and markers are undeniable.

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Gerry Rice, Director of Communication for the IMF, during the press briefing, made it clear that along with ESM (European Stability Mechanism) management of the Greece debt and banking crisis (which was first covered here back in Feb), there would be further debt restructuring.  How this debt restructuring would look, and what others countries would be involved, was not made clear.

However, based on the understanding which we have built up here on POM, we can extrapolate some obvious points.

One, the IMF will be involved in a more substantial debt relief (restructuring) process then what has been previously enacted amongst European nations.

Two, Greece is being used as the enter point for a more expansive debt restructuring program.

Three, we are only at the beginning of this process.

From the briefing:

QUESTIONER: That being said, the European Summit document makes it clear that an ESM request is conditional on IMF participation. How do you reconcile that with the fact that in pretty stark terms you’ve laid out that the proposals as currently constituted are just not sustainable from a debt perspective?

RICE:  Again, what we’ve said is that our participation would be contingent on this balanced approach and that would require on the one hand, reforms, commitment, implementation, and on the other hand, financing and we have said pretty clearly, as you say, we feel the debt relief is required. So, again, the modalities and the process of potential IMF involvement would depend on those things.

In previous posts I have explained how certain currencies will appreciate and how some will depreciate.  The logic used was based on the balance of payments deficiencies.

Domestic currencies of countries which have a trade surplus will experience appreciation in order to make exported goods more expensive, which will help decrease the trade surplus by slowing those exports.

Domestic currencies of a countries with trade deficits will experience depreciation in order to make exported goods cheaper, which will help decrease the deficit by increasing exports.

With that logic in mind, we see the following exchange during the IMF press briefing:

QUESTIONER: The Fund a year ago said that the German exchange rate on an adjusted basis was probably 5-15 percent undervalued with the euro. What is the latest Fund view on imbalances within the euro zone and particularly on the German surplus?

 RICE:  I’m going to ask you to be patient on that one because it’s precisely those kinds of issues that we’re going to be dealing with next Tuesday in the context of this external sector report, and those issues will be updated there and I’m going to point to that in terms of where you might get a more accurate up to date assessment just in a few days’ time.

This references exactly what was explained above in regards to the balance of payments deficiencies.  The German currency is undervalued, which correlates with Germany having a large trade surplus.  

 This process of adjusting exchange rates and adjusting balance of payments between nations will not just take place in the Euro zone, but also internationally.

Especially between the largest trade surplus country and the largest trade deficit country, being China and the United States.

The next question which is put forth to Mr. Rice involves the SDR review which is taking place.

QUESTIONER: What can you tell us about the SDR analysis and the release of the report and particularly how that relates to the Chinese Yuan?

 RICE:  The SDR process, that’s shorthand for the Chinese request from the government of China, that the Chinese currency the renminbi would be included in our SDR basket of currencies.

So what I can tell you, Barry, the SDR review is going along well. It’s focused on, as we’ve discussed here before, a well defined set of criteria. What else can I say?

The financial market reforms in China are advancing and the renminbi internationalization is continuing. Further progress including continued development of the capital markets to increase the share of equity in bond financing will help improve the efficiency of financial intermediation.

I can tell you there will be an informal board discussion of this toward the end of this month, July, and I’ve laid out the broad timeline here before, I think you probably know what it is, that we’re expecting the formal board discussion of this issue toward the end of this year probably in November, but toward the end of the year. So, as I said, it’s progressing well.
 We are interacting with the Chinese authorities on this issue on an ongoing basis. There is a lot of work still to be done in terms of gathering data and before we would be in a position to make that assessment. But the timeline is pretty clear and I think the direction of travel is pretty clear.

The timeline is pretty clear and I think the direction of travel is pretty clear.  This simple statement confirms the intent and motive to include the RMB in the SDR by years end.  The mention of the board meeting on the SDR review “toward the end of this month, July”, leaves 7 days for that review and discussion to take place.

We will eagerly await the press release from that board meeting and first SDR review.  As Mr. Rise stated, the “direction of travel is pretty clear”.

With the expansion of RMB liquidity (the first BRICS Bank loan is denominated in RMB), and a reduction in USD liquidity (loans not denominated in USD), the required corrections to the balance of payments and progress.  As explained in previous posts, the real solution to balance of payments challenges will be found in the implementation of a super-sovereign unit of account, such as the SDR.

The stage is being set for this transition to take place over the next 1 to 5 years.  Here on POM I will continue to provide analytical conclusions based on the fundamentals of this emerging macroeconomic reality.  With each passing month the accuracy of the thesis and analysis presented here will be confirmed.  – JC

Also read POM Analysis is Trending Accurately

News, Rumors, and Opinions Late Saturday Afternoon

TNT:

Martha:  Merry Christmas in July (From Friday 7-24-15)

Early this am,I came into chat and brought up the possibility that we would see the RV on July 25th-Christmas in July. Today,July 24th, I was not expecting Tony to even do a call due to the anniversary of his mothers passing and his son’s birthday

BUT my hypothesis seems to be coming true when I had stated that Iraq Parliment would be in session on July 25th,plus their banks are open and things would be finalized for their money reform. What does Tony say but there is a time for after their meeting.

Now today is Iraq’s holy day,my Sabbath and a day of mourning for which I will light a candle for Tony’s mother in her memory.
….
Now Tony brings up a possible back wall of August 1.Well,based on current intel that is confirmed by Blackjack and other sites which I can not mention the RV is a done deal. We also have a few more things to watch for.

The Forex goes down in the USA at 9:45 tonight. Banks are open in Iraq on Saturday and the ISX opens on Sunday and I believe if all is correct, they will have a real rate this time because they will be international.

Things move east to west and the markets open up starting 5pm onward here in USA.

The IMF is doing their final review on Monday in Iraq to release them from article 8-a formality and the time of day will make it Sunday night here! well that is how I think it will play out.

The markets are ready.

Commodities have been moved.

Bond money has been released and all is a go.

There is no turning back. As usual, Im not perfect but Ive learnt to put puzzles together.

Also of interest is the numbers game. The IMF has always talked of the #7. Chinese numerology has become of interest to me. Also the calenders, islamic, judaic, the holidays, the moons as well as dates. This year,2015 is our year; the year of debt forgiveness, of giving and of change for the better.

**************

Saturday:

Iko Ward:  Are you a first mouse, a second mouse, or a third? Dont get spooked. If you have enough, be patient.

Bogie1:  So IKO I think you are saying you feel it is this weekend?

Iko Ward:  BJ said it best…like a theif in the night…

Blackjack7:  Ok y’all I just spoke with my contact and yes Martha’s intel seems to be lining up get ready

Martha:  I have spent months putting all the puzzles together and now it is really our time

OK Rocks:  >>Saturday unified card project through a large celebration held by the ministry

OK Rocks:  >>Hayder Al-Shakeرi ‏@HayderSH 2 hours ago Iraq The new Iraqi national ID was announced today. Iraqis do not need to announce their religions on their IDs anymore. #Baghdad #Iraq

OK Rocks:  >>Prime Minister Dr. Haider alʿABADI confirms his presence during the launching ceremony of National Card Project, the government’s commitment to facilitating the commencement of citizens which contribute actively in fighting corruption and rush to complete transactions.

Martha: I wouldnt be surprised if after this meeting either today, tonight into Sunday, there will be a celebration.

Martha:  This maybe the announcements we are waiting for

Blackjack7:  This is probably the announcement without even speaking

Blackjack7:  remember watch what they do not what they say nuff said LOL

Care   well, if true the announcement of the cards is “the announcement”, what step comes next…anyone

Luvwolfs:  care GM..Showing on their bank screens is my guess

martha :  believe me,things are done, just some loose ends…Tony has sort of placed a back wall of the 31st but lets take each day and see what happens    

What we are seeing has been all planned. you can see it. if nothing happens today, 2 morrow is another day. We watch the money flow and now the market.

You can’t have mastercards international without a rate,

ISX should start trading on Sunday-yet to be seen and should now be truly international         
The rates are going to be slipped in so quietly without fanfare. forex will go down internationally tonight and wont start up until 2 morrow-east to west

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Dinar Updates: 


Millionday  Article quote:  “The parliamentary finance committee expressed, Thursday, for it seeks to discuss and approve the pass a number of bills in the House of Representatives and that serve the monetary policy of the country in general.” 

THE SESSION ON THE 25TH IS TO INCLUDE MONETARY POLICY LAWS AND ONE IS THE TARIFF TAXATION FOR GOVERNMENT REVENUES.

************

BGG   Article:   “Fakih Dawa Party, Abdel-Halim al-Zuhairi abandon Maliki and goes to advocate Abadi“.  That is a fantastic article –

there is a serious push to replace Maliki from the inside out…which is how it should/would go down…inner circles first, political next and ICC after.

*************

Tim724   Article:  “Urgent ..alebadi Parliament calls for national legislation card law as soon as possible to be checked”  Quote:   “the government is committed to simplifying the procedures for transactions This card is one of the wheels of the citizen and to avoid administrative and financial corruption.” 

So this card will replace all other cards issued and will also be issued to everyone 12 years old and above throughout Iraq.

KTFA:

W8tn4it2rv:  » July 25th, 2015,

Friday 7/31/15

3 – 4 years ago Shabibi told us he wanted to change the rate during a WEEKEND or HOLIDAY time frame. Remember after the rate changes, banks need time get the lower denoms ready and retailers need to adjust prices on their goods.

When Kuwait changed their rate, it was a Friday about 4PM EST (in the US) and 12AM (in Kuwait / Iraq). That is Friday in the US and Saturday in Kuwait /Iraq.

2 years ago Doug Addison gave us a prophetic word that 7-July would have its biblical meaning of COMPLETION and 8-August would have its biblical meaning of NEW BEGINNING.

Next Friday is 7/31 the end of July and Saturday is 8/1 the start of August.

Dreams Come True     by Doug Addison

July = 7 is a time where we can expect things to be perfected; things are now coming together for the good. Watch for dormant gifts to emerge.

August = 8 is symbolic of new beginnings, and August will be a time of starting new projects. We can expect to see a lot of movement in the spiritual and natural realms. There will be relocation and changes.

September = 9 is the time of harvest big returns on what you have done previously. September 25 is significant day!

*************

Walkingstick » July 25th, 2015,

Integrity: Standard card is an important step in the fight against corruption
Saturday July 25, 2015 17:25

Alsumaria News / Baghdad

The president of the Commission on Public Integrity Hassan al-Yassiri , Saturday, that the draft unified national e-government and the card is an important step in the implementation of the government program on combating corruption and reduce red tape.

Yasiri said in a statement received Alsumaria News, a copy of it, that “the government draft a unified national electronic card and an important step in the implementation of the government program on combating corruption and reduce administrative red tape.”

The prime minister Haider al-Abadi called earlier in the day Saturday, the House of Representatives to the card of national legislation law, calling for conservatives to contribute actively to provide buildings and facilities for the issuance of national card.  LINK

*************

Walkingstick  » July 25th, 2015,


Parliament held its fifth meeting, headed by al-Jubouri, and the presence of 175 deputies
Saturday July 25, 2015 13:26

held the House of Representatives, Saturday, its fifth meeting under the chairmanship of Salim al-Jubouri, and the presence of 175 deputies, with parliamentary source that the meeting will host the Electricity Minister Qassim Fahdawi . The source said in an interview with Alsumaria News , that “hold its fifth meeting under the chairmanship of Saleem al-Jubouri and attend Parliament 175 deputies, “noting that” the meeting will host the Electricity Minister Qassim Fahdawi.

” The source, who asked not to be named, said “Parliament will read, during the meeting, the first reading of the draft general body to monitor the allocation of federal revenue law”.

The President of the House of Representatives Saleem al-Jubouri identified, earlier, on Saturday the date for the next session of parliament, calling on the House of Representatives to attend the session on time. As decided the presidency of parliament, earlier on Saturday, the postponement of the parliamentary session was held for an hour because of meetings parliamentary committees. LINK

Sczin11 & OOTW News Discussion 7-25-15   Part 2 of 2

Post From Wealthwatch.world Chat Room 7-25-15   Part 2 of 2

Sczin11 & OOTW  News Discussion

OOTW: LOOK AT THIS –   Parliamentary Finance: Reduce the financial allocations of senior officials will provide to the state treasury a hundred million dollars July 25, 2015 

The appearance of Mohammed Saleh 3 The parliamentary finance committee confirmed that the reduction of the financial allocations of senior officials will provide to the state treasury a hundred million dollars, while the Economic Adviser to the Prime Minister that these funds will go to support the war against terrorism, adding that the salaries of state employees amounting to 41 trillion dinars and nominal including 11 trillion. 

For his part, said the appearance of Mohammed Saleh, an economic advisor to the Prime Minister that the budget does not depend on a reduction of sources to achieve a surplus, but to re-examine financial engineering expenses grammar which is a savings. 
~~~

And saw the benefit, that the reduction of salaries will present the principle of rationalization exchange and re part of the salary to be used by about properly contribute to support future trends Iraq .oausband Iraq a severe financial crisis, caused by the fall in world oil prices by more than half, the war against terrorism caused by adopting austerity policy led to a halt The majority of projects in the provinces.

OOTW: HERE’S THIS FROM THE PARLIAMENT SITE – TYVM WINNERDINAR

OOTW: The parliamentary finance committee discussed the complaint filed by the government on the budget of the Federal Court July 25, 2015 Finance Committee met on Monday, 07/06/2015, headed by MP Ahmad Chalabi, head of embryos and the presence of a number of members of the committee to follow up the implementation of the state budget law.

The meeting which was attended by Director General of the Legal Department of the House of Representatives and discussed the complaint filed by the government to the Federal Court and wait in the application of the law and procedures of the Committee to follow up the dollar exchange rate and an auction of foreign currency at the central bank.

chattels: ‹@sczin11› not that i have read

OOTW: ‹@chattels› I’M SORRY CHATTELS..WHICH HAVE YOU PREVIOUSLY READ?

OOTW: LET ME REPOST THIS QUOTE FROM THE ABOVE: “and wait in the application of the law and procedures of the Committee to follow up the dollar exchange rate and an auction of foreign currency at the central bank.”

chattels: there is the issue about origination of legislation, COM or the President as I recall, and it may be that is what is intended by Massoum, i will review the constitution

OOTW: THANK YOU KINDLY CHATTELS, AT PRESENT, I DO NOT RECALL THAT MASSUM CAN OVER RIDE THE SJC – THE CONSTITUTION SEEMS TO GIVE IMPLICIT POWERS FOR THE FINAL APPROVAL OF LAWS TO THE SJC

OOTW: CURRENTLY, THAT IS

chattels: Article 60: First: Draft laws shall be presented by the President of the Republic and the Council of Ministers. Second; Proposed laws shall be presented by ten members of the Council of Representatives or by one of its specialized committees

chattels: origination of laws is not passage of course and lies within the province and purview of Parliament

chattels: Draft laws shall be presented by the President of the Republic and the Council of Ministers

chattels: it may be that Massoum is ” delegating ” such draft legislation to Jubbouri

chattels: Article 61: The Council of Representatives shall be competent in the following: First: Enacting federal laws.

OOTW: YES THAT SEEMS A REASONABLE ASSESSMENT

OOTW: TYVM CHATTELS

chattels: www.iraqinationality.gov….

http://www.iraqinationality.gov.iq/attach/iraqi_constitution.pdf

chattels: ‹@OOTW› i am a reasonable man, what would you expect of me ? :)

OOTW: THERE ARE MANY ANNOUNCEMENTS AT THE MINISTRY OF DEFENSE SITE RE MILITARY ACTIONS…WAY TOO MANY “HEROES OF THE IRAQI MILITARY” ARTICLES..LOL..PLEASE SEE FOR YOURSELF, I SHALL HOWEVER UPLOAD SOME OF THESE TODAY TO THE FORUMS www.mod.mil.iq/

OOTW: CHATTELS LOL

Sliderule: Chattels  :tongue:

OOTW: HERE’S THIS FROM THE COMMISSION OF INTEGRITY SITE

OOTW: Chairman of the board of Integrity, Dr. Hassan al-Yassiri visit the Ministry of Communications and calls to make their services accessible to everyone 25/07/2015             Readers Number: 21 Chairman of the board of Integrity, Dr. Hassan al-Yassiri stressed the importance of improving the level of services provided by the Ministry of Communications,

calling to make them accessible to all Iraqis, especially those with limited income. He stressed Dr. Yasiri during his inspection of the Ministry of Communications on Thursday, 07.23.2015 on the need to facilitate online services, communications and other make accessible to all Iraqis and prices to suit those with limited income to these services of importance in the lives of citizens,

especially with the growing development in the service sector and the need of various social strata to him. and stop the head of the Authority during the visit, which included the departments and sections of the ministry closely on the smooth flow of work in the Office of the Inspector General the ministry,

warning of the need to unify efforts between the office and the ministry and remove Marqlat their joint work, which called for the need to have clear features, borders, a far cry uncle pleasantries and characterized by force and firmness of both parties while maintaining the privacy of the two sides.

He called for the importance of reducing rings routine in the work of the ministry, referring to the importance of working and interacting Highs with the government campaign seeking to facilitate the completion of transactions of the citizens and reduce red tape loops.

and was greeted by the President of the Authority and the Minister of Communications Professor Hassan Al-Rashed and inspector general of the ministry and its staff Advanced where Mr. Minister President of the board of integrity on the most prominent projects of the ministry briefed focusing on the most important impediments to the completion of and cause Ptlka some of them, pointing out that the overlapping of powers and lack o

OOTW: of powers and lack of cooperation of some state ministries and other institutions was the reason for blocking many of the projects of the ministry. It should be noted that the Minister of Communications Professor Hassan Rashed had visited late last month,

the headquarters of the board of integrity and met with its president, Dr. Hassan al-Yassiri where display the latter support the Authority of the Ministry including permitted by law and does not contradict with the exclusive jurisdiction of the Authority.

chattels: you may recall that the term limitation law was ruled unconstitutional on the ” tchnical ” grounds that it originated not with the COM or the President, but in / with the Parliament, as i recall

chattels: ” technical ” *

OOTW: REMEMBER THERE WAS A COM ANNOUNCEMENT OVER A WEEK AGO STATING THAT THE COM WAS TRAINING PEOPLE TO BE ABLE TO BECOME (ESSENTIALLY) “OFFICERS OF INTEGRITY” –

THE TRAINING WILL ENHANCE MEMBERS OF THIS COMMITTEE TO HELP ASSIST THE GOVERNMENT IN ADDRESSING AND WEEDING OUT THOSE COMMITTING CORRUPTION

OOTW: YES CHATTELS, AGREED….THIS ISSUE OF “ORIGINATION” WAS “PASSED”, HOWEVER, I’M STILL EVIDENCE THAT THE SJC CAN OVER RULE THE HOR

OOTW: THIS, IN PART, IS ONE REASON THEY REALLY ARE TRYING TO INTRODUCE MORE JUDICIAL GOVERNING LEGISLATION

OOTW: WE’RE STILL HAVING ISSUES GETTING LAWS PASSED UNDER A PREDOMINANTLY SHIA LED SJC

sczin11: REMEMBER FOLKS WHAT WE JUST SAW RELEASED THURSDAY, RE THE CURRENCY AUCTIONS, AND THE CORRUPTION- MONEY LAUNDERING….

WE DISCUSSED WHERE MOST OF THIS PROBABLY ORIGINATES…WITHIN THE GOVERNMENT ITSELF…THUS THE INCREASE IN COMMITTEE MEMBERS NEEDED HERE..

OOTW: GOOD POINT SCZIN11

sczin11: THEY ARE POINTING FINGERS AND GATHERING EVIDENCE IN MANY MINISTRIES…

OOTW: HERE’S THIS ARTICLE SUPPOSEDLY QUOTING TAMIMI

OOTW: YES THEY ARE SCZIN11

OOTW: Parliamentary Finance: justice does not exist in the distribution of salaries of employees in all state departments July 25, 2015 Magda Tamimi Finance Committee considered the lack of justice in the distribution of salaries of employees in all state departments,

demanding the government to reconsider ladder staff salaries and taking into consideration the level of inflation and the purchasing power of citizens.

The MP Magda Tamimi, a member of the Commission that there is a great variation staff salaries in all state departments since 2003 and so far, as the Oil Ministry employees receive a salary much higher than the salary of the Ministry of Agriculture employee,

even though they were of the same functional class and added that the demand to reconsider the peace salaries Government and taking into consideration the level of inflation for the country, as well as what the citizens of exchange funds for civil generators and some of the services that the government is supposed to provide.

chattels: it appears to me that there are three stages to legislation, 1) drafted / originating with either the COM or the President, 2) proposal or presentation by ” ten members of the Council of Representatives or by one of its specialized committees. “, and 3 ) enactment or passage by vote in the Parliament ( Council of Representatives )

sczin11: REMEMBER A COUPLE OF WEEKS AGO, 100m $ INVOICE SCAM WITH MINISTER OF ENERGY, BUYING VACUUMS…

sczin11: INSTEAD OF RADIATION EQUIPMENT

chattels: this is my considered ” lawyerly ” thought subject to criticism by the ” three letter golfer guru “

chattels: :)

sczin11: AND WHERE DOES THE ROAD OF MUCH, IF NOT ALL THIS CORRUPTION, LEAD BACK TO……???

sczin11: THE CENTRAL BANK OF IRAQ

sczin11: AND WHO IS THE ACTING GOVERNOR???

OOTW: WELL, YES, CHATTELS…THAT SEEMS TO BE WHAT THEY WANTED TO CHANGE IT TO, BUT ALSO, IN THE PAST FEW MONTHS,

 I’M SEEING LEGISLATION ORIGINATE WITH A RESPECTIVE COMMITTEE FOUNDED RELATING TO PARLIAMENT, WITH MP’S SITTING ON THESE COMMITTEE’S WHO ARE ORIGINATING LEGISLATION, HOWEVER, THEY COULD WELL BE “INFORMED” BY MASSUM

OOTW: OR THE COM

sczin11: KEYWORDS…ALI ALAAQ, MOSHIN ISMAIL…AND WHATEVER ELSE HE HIDES BEHIND

sczin11: A MALIKI SUPPORTER…

OOTW: Abadi stresses the importance of national card for the security and privacy of the citizen 25/07/2015 02:49 | Number of Views: 864 – SPEAKING OF CORRUPTION…. font size: Decrease font Enlarge font Abadi stresses the importance of national card for the security and privacy of the citizen /

Baghdad: Source News / The Iraqi prime minister said the national security card will contribute to adjust the calling parties concerned to cooperate in providing the atmosphere for release soon.

Ebadi said in his speech at the ceremonial launch of a unified national card project on Saturday that “Iraq was a pioneer in the field of civil cases, but with a succession of years of evolution that has occurred and the negligence of the former regime to keep pace with the technological development of the decline of the country so the catch this behind is very important.”

He added that the country is facing a serious challenge of terrorism which wants the country’s destruction and underdevelopment and that the current government,

which faces many challenges and placed within its plan to simplify government procedures, which is one of the important measures to fight corruption and serve the citizens, noting that terrorism and corruption twins and there is an overlap between them.

He explained that the national card will help in controlling the security measures at the same time, the privacy of the citizen will be saved which is very important for us.

He called al-Abadi governors and provincial councils to contribute effectively by providing all available means to speed up the issuance of the card.

sczin11: ‹@chattels› LOL

OOTW: YES SCZIN – THERE ARE MANY MEMBERS OF THE GOI SEEMING TO WANT TO RESTRUCTURE THE CBI

OOTW: WE’LL HAVE TO WAIT AND SEE

chattels: ‹@OOTW› the distinction between drafting / originating and proposing may be ” blurred ” in the legislative history

OOTW: ‹@chattels› YOUR CONSIDERED THOUGHTS ARE WELL RESPECT, MY FRIEND LOL

chattels: or a definitional / translation issue

OOTW: YES, CHATTELS, IT DOES SEEM BLURRED, VERY MUCH SO, IN FACT

sczin11: ‹@OOTW› BIG THREAD TODAY ON THE NATIONAL CARD…PROGRAM BROKE RIBBON TODAY, IT APPEARS

sczin11: wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1295

OOTW: YES SCZIN11 TY

OOTW: IT DOES SEEM SO

chattels: ‹@sczin11› apparently aimed in great part at corruption, eh ?

sczin11: ‹@chattels› WE SHALL SEE, :)

OOTW: DOES ANYONE HAVE ANY QUESTIONS?

sczin11: ‹@OOTW› RATE N DATE

sczin11: ??

BOBBY: whats for lunch…. lol

chattels: When is the ” second coming ” ?

Dianne777: ‹@sczin11› ditto?  lol                                                           

chattels: and other such ” unknowables ” :)

chattels: i can figure out lunch for myself :)

chattels: ‹@sczin11› questioning everything is the beginning of wisdom it is said :)

OOTW: THE SECOND COMING WILL HAPPEN LATER TODAY IF I FIND MORE “REVELATIONS” IN THE NEWS – SORRY, NO OFFENSE TO ANYONE, COULDN’T RESIST

chattels: ‹@OOTW› everyone is aware of your messianic complex :)

sczin11: ‹@chattels› LOL

chattels: I am stepping away, be back for the rapture i hope :)

sczin11: ‹@chattels› SEE YOU LATER

OOTW: BYE CHATTELS…SEE YOU THANK YOU SO MUCH FOR YOUR INSIGHTS AND YOU TOO SCZIN11

OOTW: HERE’S ONE MORE THOUGHT

OOTW: IF THEY’RE USING THESE NATIONAL CARD TO HELP ADDRESS SECURITY AND CORRUPTION – THIS IS, IMHO, A HUGE STEP TOWARDS STABILIZING SOCIETY IN ORDER TO INSTITUTE ECONOMIC REFORMS

forestnr4: Powerful comment by Desert Princess: For those of you who don’t understand why Maliki is able to, blah, blah, blah, all over the place; In our culture, humiliation publicly of someone in his position and stature, is mightier than death itself.

They’re allowing him to do that and dig his own proverbial grave. You’ve heard of, give someone enough rope, they’ll…….! He’s doing it! Sit back, grab some popcorn and watch! 😉

BOBBY: forestnr4…. seems like Maliki is coming full circle

forestnr4: ‹@BOBBY› It is just a matter of time… :smile:

chattels: ‹@OOTW› a cashless society where funds are traceable to the card user

BOBBY: forestnr4. … imagine the response when it does happen

keli15: Hi everyone does anyone know what happened to the parliament meeting for today

chattels: ‹@keli15› accomplished the first reading of the revenue law

forestnr4: ‹@BOBBY› DesertPrincess is of Iraqi decent and it is very interesting to follow her point of view.

keli15: Didn’t see any news about the parliament meetings.

chattels: ‹@keli15› 175 members present

keli15: Was there any laws that passed?

chattels: ‹@keli15› wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1298

BOBBY: forestnr4. .. it is such a different culture

chattels: ‹@keli15› courtesy of sczin11

chattels: ‹@keli15› no                                                                                                    

keli15: Wow, I thought once they were back that the laws they were working on would be voted on today

BOBBY: Chattels. … what happened to members of Parliament being obligated by Abadi to attend

chattels: ‹@BOBBY› we read from time to time that penalties are imposed for failure to attend or there is a threat of removal, but …………………

OOTW: ‹@chattels› yes economies all over the world seem to be aiming to “cashless”

keli15: Hi OOTW big hugs :happy:  :happy:

chattels: ‹@keli15› sczinn posted about the initiation of the national card – Abadi press conference

OOTW: hiya Keli

chattels: ‹@keli15› Government launches national card and Abadi calls for parliament to approve the law for the security benefits wealthwatch.world/showthr…

chattels: ‹@keli15› anti-corruption inititative it appears

keli15: Chattels  that is awesome saw the article about the cards. Thanks for the info.

 [12:42:05 PM] forestnr4: ‹@BOBBY› Got the DesertPrincess in My Ladies comments section. www.dinarrecaps.com/our-b… Ladies ~ Hear, hear! I couldn’t have said it better myself. Individuals that can’t separate business/money and emotions are doomed. 

Coming from one who Arabic is my first language, English, my second and a couple of others behind, I can tell you, if most can remember one golden rule, in this amazing experience of “Money movement” (business holistically) that involves global politics/financials it is; keep your eye on the ball,

 not the score board. Politics, back door deals, negotiations, etc., is the scoreboard; money is the ball. Most people globally (mainly Americans) want their cake and eat it too; 

case in point, they want to profit off of our countries, currencies, (i.e., Dinar, etc.) yet, they preach and hide behind the moral fake cloak. 

Sorry, we see right through it! If anyone is that concerned and can’t morally agree with any deal that will come to fruition due to Iran having their sanctions lifted, or any other deal for that matter; 

I suggest that, this would be a good a time as any to get off their high horse, and sell their Dinars. 

There’s no free lunch in this arena, (World of politics and economics; if you’re not willing to scratch someone elses’ back, don’t expect, yours to be scratched). You will surely be left behind. 

Welcome to high finance, power and political posturing. 

As you mentioned, ML, innocent lives have been sacrificed on all levels and on many Contents, for the power and greed that is forever being chased by the Elite. 

So, if I was you, I would count my blessings to be in the position you’re in (a Dinar holder) in this moment and time, as you and I are about to be blessed as a byproduct of this powerful maneuver where money is moving globally, whether it is ethical or not. 

You know darn well you would be running to the Bank tomorrow, if the CBI decides to play with numbers tonight…. Guess what, I bet all this “moral” mumbo jumbo would be o

keli15: Wow chattels good news. Thanks again just not too happy about not passing any laws like hcl article 140 etc

OOTW: Keli they had the first reading of the Federal Revenue Law – this is a great first step towards resolving issues of payment distributions between the Centre and the Regions including Kurdistan

OOTW: JUST FOUND THIS

OOTW: cabinet: archives tariff passport or identity card The Council of Ministers to simplify the procedures to adopt the archives and accounting employee violator to work this decision came in a statement by the Information Office of the Prime Minister that the Council of Ministers approved,

 through its recommendation to simplify the procedures with respect to the adoption of formal archives tariff (identity card or passport), and archives own housing ( The housing card or the endorsement housing) unless the law requires submission of other documents. 

The office said in its statement that the council stressed accountability offending employee to work the contents of this resolution.

keli15: Wow looks like they are on their way in getting things done.

OOTW: YES, WE’LL SEE…I DON’T HOLD MY BREATH..ONE DAY AT A TIME

BOBBY: forestnr4….. thanks!!

keli15: Oh okay good idea. Was hoping to see an rv soon ootw

forestnr4: ‹@BOBBY› the entire comment did not copy. but finding out her heritage was the significant point…. :smile:

keli15: Sure looks like they still have a lot more to do.

forestnr4: ‹@BOBBY› Here is the last part of Desert Princess comment…..if the CBI decides to play with numbers tonight…. Guess what, I bet all this “moral” mumbo jumbo would be out the window, eh? Be blessed…

 Keep an open mind to take care of business, keep an open heart to give and receive. Things are never as they appear in life, especially in this BIG sand box!!! 😉 

My gratitude, My Lady, for speaking truths and facts! DesertPrincess BTW, love your soap box! LOL “Leave what you don’t benefit from; it takes from you but doesn’t give you.” ~ Arabic Proverb  

Sczin11 & OOTW News Discussion 7-25-15  Part 1 of 2

Post From Wealthwatch.world Chat Room 7-25-15  Part 1 of 2
Sczin11 & OOTW  News Discussion

OOTW: FIRST READING OF THE FEDERAL REVENUE LAW PASSED

OOTW: HERE’S A PARAGRAPH FROM THE LAW AS POSTED AT THE PARLIAMENT SITE

OOTW: “Article-9 Federal realized Alerardat issued from the following: First -mbaat oil and gas and other mineral resources belonging to the state and revenue resulting from oil and gas contracts from national and foreign companies and investment contracts and indirect taxes Alambeshro. 

Second-grants and international aid. Third-federally aggregated revenues, or for the benefit of the Federal Government from the region and governorates not organized in a region.”
~~~

OOTW: ANYONE WHO HAS SAID THIS IS ABOUT TAXES IS WRONG

OOTW: I SHOULD SAY, ANYONE WHO SAID THIS IS SOLELY ABOUT TAXES IS WRONG

OOTW: HERE’S THE LINK

OOTW: www.wealthwatch.world/sho…

http://www.wealthwatch.world/showthread.php?tid=1216&pid=2709#pid2709

OOTW: ALSO HERE’S THE LINK TO THE PARLIAMENT SITE SHOWING THIS PASSED A FIRST READING

OOTW: PAGE ONE PLEASE

OOTW: parliament.iq/Laws.aspx    http://www.parliament.iq/#

chattels: ‹@OOTW› federal revenue is typically defined as from whatever source derived and would include therefore ALL sources of revenue and we know that 90+ % of all revenue in Iraq is oil

OOTW: I’M SCOURING THE PARLIAMENT SITE – IF ANYONE HAS ANY QUESTIONS AFTER THEY’RE READ THE PARLIAMENT PRESS RELEASE, PLEASE POST..THANK YOU                                                                                                                

OOTW: THIS IS A GREAT PRESS RELEASE FROM THE PARLIAMENT SITE: I CHECKED LAST NIGHT AND HADN’T SEEN THIS, EVEN THOUGH IT’S DATED YESTERDAY, I BELIEVE THIS WAS UPLOADED TODAY:

OOTW: Dr. al-Jubouri looking with Mr. Bahaa al-Araji coordination between the legislative and executive branches and ways to improve the services provided to citizens July 24, 2015 [Image: su324715.jpg]

Chairman of the Board of Representatives, Dr. Salim al-received in his own office, on Friday, Deputy Prime Minister Mr. Bahaa al-Araji.

During the meeting, research in the overall political developments in the country, in addition to the security situation and ongoing military operations to cleanse Anbar province of control Daash terrorist gangs. As Search the meeting ways of coordination between the legislative and executive branches,

 and thus contributing to finding solutions to the current problems and obstacles solutions especially with regard to upgrading the level of services provided to citizens, and supporting the political process. *** The Information Office of the President of the Iraqi Council of Representatives

OOTW: REMEMBER ARAJI HAS BEEN GIVEN POWERS TO SIGN INTERNATIONAL TRADE AGREEMENTS  — AGAIN THIS IS IN THE GOVERNMENT THREAD FOR THIS WEEK

OOTW: www.wealthwatch.world/sho…

http://www.wealthwatch.world/showthread.php?tid=1216&pid=2711#pid2711

OOTW: “As Search the meeting ways of coordination between the legislative and executive branches, and thus contributing to finding solutions to the current problems and obstacles solutions especially with regard to upgrading the level of services provided to citizens, and supporting the political process”

OOTW: I TRULY HOPE THEY ACTUALLY DO START WORKING TOGETHER TO START PASSING LAWS – REMEMBER MASSUM SAID HE WAS GOING TO GIVE JOBOURI BROADER POWERS TO GET THIS DONE

OOTW: HERE’S THIS ARTICLE

OOTW: Mahabs: National Alliance yore pass important laws July 25, 2015 BAGHDAD / Center Brief for the Iraqi Media Network (IMN) – the National Alliance MP Mahabs Razak confirmed that the coalition of all its components in the past to pass important laws,

noting that the most prominent of these laws is the National Guard and the General Amnesty Law and the Federal Court. Said Mahabs’s (IMN) “The National Alliance can pass laws that concern the Iraqi street, in case agreed upon,”

 stressing “the need to unify the visions within the National Alliance bloc to pass the laws, so as not to disrupt the House of Representatives because of approvals and political quotas.” Mahabs He added that “no election of the President of the Alliance so far will not affect his work,”

noting that “ambition is to be the National Alliance, a government organization accredited”. He explained that “the atmosphere within the National Alliance requires resolving internal disputes between the parties to this alliance, so as to reach a clear vision about the situation experienced by the constituent National Alliance political blocs.”

He said deputy state law Mohammed Chihod earlier, that important laws legislation needs to unite the efforts and ideas of the National Alliance, with the largest being a  ( posted line as was found – sorry)

OOTW: AND HERE’S THIS RE PAYMENTS BETWEEN THE CENTRE AND THE REGION: Deputy: Kurdistan Baghdad’s debt to 18 billion US dollars BAGHDAD / Baghdadi News / … said the National Alliance MP Zeinab visual Arif, on Saturday, “said the Kurdistan region owes the federal government large sums, as the Ministry of Natural Resources Kurdish city of more than $ 8 billion, in addition to the accumulated debt since 21 months receivables of domestic banks, and $ 7 billion. “

 Basri said in a statement received / Baghdadi News /, “that there are also accumulated debt from the employees’ salaries in arrears for three months and in excess of two billion dollars, and almost a billion and a quarter of a billion dollars debt owed to contractors in Kurdistan.”

“The political pursued for the region that will drenched additional debt,” emphasizing “the need to send oil quotas agreed upon in the oil agreement with the central government in order to overcome this crisis,” .anthy / 21 Z

OOTW: Member of the Finance parliamentary reveals send Baghdad [300] billion dinars to Arbil financial receivables 07/25/2015 15:55 Capture140 BAGHDAD INA / detection of the parliamentary finance committee member Sarhan Slevana, on Saturday, that the federal government has sent 300 billion dinars to the Kurdistan region, financial receivables for the region on the back of oil exports through the company “Sumo”.

 He said the parliamentary finance committee member Sarhan Slevana in a statement received by the Iraqi news agency, a copy of the “Baghdad after Eid al-Fitr holiday, sent 300 billion dinars to the Kurdistan region, as receivables from the export of oil through the region, SOMO.”

He predicted Slevana according to the statement, “the arrival of the amount Sunday to Christan region”, adding that “the province issued its oil production now and there are no signs of the start of talks between Arbil and Baghdad on the issue of oil.”

OOTW: HERE’S THIS ON TRADE   Deputy for the citizen calls to open new border crossings with Iran to expand trade 25/07/2015 16:11 pm (Baghdad time) Baghdad scales News MP called on the mass of Salem Amuslimawi, Saturday, the government to find the border crossings with neighboring countries Solutions after an increase in fighting in Anbar and the closure of most of the commercial crossings,

calling for the opening of new border crossings with the Islamic Republic of Iran. He Amuslimawi in a statement received / scales News / copy of which was “the need to open new border crossings with neighboring countries, in particular the Islamic Republic of Iran in the southern regions,

they are stable security and political,” noting that “it is very necessary to find a commercial border crossings that were closed after solutions increased fighting in Anbar. “

 Amuslimawi that “Iran was instrumental in supporting Iraq in its war against terror Daash, and it must be put new options and the opening of border crossings in the southern border areas with them and with other neighboring countries,”

 explaining that “regrettably, there are leaders of Iraq did not work on the matter, especially that there are large areas linking the southern provinces with the neighboring countries. “

 He continued, “we talked about previously open field cooperation with Iran in the field of energy, and we must put the issue of border crossing points into consideration, and priorities for strengthening the Iraqi economy,” .anthy 29 / d 25

OOTW: I’M HEADING TO THE CUSTOMS SITE BRB

OOTW: HERE’S THIS FROM THE MINISTER OF TRANSPORT SITE

OOTW: Zubaidi .. meet Managing Director of the company free markets in Iraq He met with the Minister of Transport Baqir al-Zubaidi, Mr. Ahmed Kamal Managing Director of the company free markets in Iraq, Mr. Kamal and accept the measures taken by their company to raise the rate of free markets in Basra and Sulaymaniyah Airports and Free Zone …

 In Baghdad International Airport, said the minister should be expanded in the work of free markets in the Iraqi airports according to international measurements of free markets in airports by offering goods of international brands and high quality of the Iraqi passengers and foreign who attend Iraqi airports

and stressed Zubaidi on the importance of a free market in the halls of the four airport Baghdad and the importance of contributing to support Mncaouat the airport, where passenger traffic has reached over the past six months to more than a million passengers,

which is reflected positively on the procurement system of free markets and free zone in addition to activating the sales system inside the plane for some types of goods needed by the traveler,

stressing the importance of coordination between the company and airlines to train cadres lines for sale inside the aircraft.

The Minister directed the company to comply with the agreed upon for the development of their work and increase the goods displayed in accordance with the international brands during the month to witness the free market a quantum leap in their work

and attract the best global companies to supplement the free-market high-end goods, similar to the advanced airports in the region and the world. Brief and the press center of the Ministry of Transport Posted By: Site Management | Date: 25-07-2015 |

OOTW: “which is reflected positively on the procurement system of free markets and free zone in addition to activating the sales system inside the plane for some types of goods needed by the traveler, stressing the importance of coordination between the company and airlines to train cadres lines for sale inside the aircraft.

The Minister directed the company to comply with the agreed upon for the development of their work and increase the goods displayed in accordance with the international brands during the month to witness the free market a quantum leap in their work and attract the best global companies to supplement the free-market high-end goods, similar to the advanced airports in the region and the world.”
                             

 OOTW: HERE’S MORE FROM THE MINISTRY OF TRANSPORT

OOTW: Zubaidi .. meet general managers and their assistants and directors of departments in the Ministry of Transport He met with the Minister of Transport Baqir al-Zubaidi, general managers and their assistants and directors of departments in the Ministry of Transport and its formations and the presence of the agent of the Department of Technical and Inspector General gentlemen in separate meetings the minister gave congratulations to them and their staff …

 All the ministry on the occasion of Eid al-Fitr, wishing them Muwafaqiya continued success and urged them to make more effort and contribution to serve Iraq, During the two meetings discussed a number of topics that contribute to the development of performance and the advancement of the ministry in providing better services to citizens,

Mr. Minister and the continuing development of the Baghdad International Airport facilities, including keep pace with the global airport traffic in addition to the formation of a committee of the ministry to follow up the meals that are sold in the airport cafeteria to suit the prevailing prices in the city of Baghdad prices in addition to the development of hotel the VIP at the airport to receive the crews and international companies attending to Baghdad International Airport.

The Minister called for a follow-up to the subject of ground services and life support and follow-up of all business related to rail and ports sector, also discussed the subject of the performance of land transport company and the activation of the increase in imports and the fight against financial corruption in any detail of the joints of the ministry to achieve the important achievements of the formations.

 It was also agreed to hold monthly meetings with the ministry departments managers to evaluate the performance of their mission they slide in the implementation of the obligations of the ministry departments. Brief and the press center of the Ministry of Transport Posted By: Site Management | Date: 25-07-2015

sczin11: Parliament to raise its next Tuesday 07/25/2015 22:17 Parliament to raise its next Tuesday Council completed the first reading of the draft law of the General Authority to monitor the allocation of federal revenue and submitted by the Finance Committees and the regions and governorates that are not organized in a region.

BAGHDAD / Obelisk: Raise the House of Representatives, Saturday, its fifth to next Tuesday after hosting and Electricity Minister Qassim Fahdawi and read the bill. The MP said the Kurdistan Alliance Farhad capable in an interview with the local media and I followed “obelisk”,

 “The House of Representatives to raise its fifth of the first legislative term of the second legislative year, held today under the chairmanship of Salim al-Jubouri, and the presence of 175 deputies, to next Tuesday.”

He is able, that “the Council ended the first reading of the draft law of the General Authority to monitor the allocation of federal revenue and submitted by the Finance Committees and the regions and governorates that are not organized in a region.”

 He continued, that “today’s session saw the hosting and Electricity Minister Qassim Fahdawi,” noting that “it was on Sunday and Monday to customize the work of parliamentary committees.”

The House of Representatives held on Saturday, the fifth of its first legislative term of the second legislative year, headed by Salim al-Jubouri, and the presence of 175 deputies.

sczin11: wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1300

sczin11: ANOTHER TWO DAYS OFF

sczin11: FOR COMMITTEE WORK

[11:33:44 AM] OOTW: OKAY, SO DON’T LET ANYONE TELL YOU THAT BECAUSE THEIR EXPORTS ARE GOING INTERNATIONAL THAT THIS MEANS THEY HAVE TO NOW HAVE AN INTERNATIONAL RATE –

THEY HAVE AN INTERNATIONAL RATE – HOWEVER, THIS IS GREAT FOR PRIVATE SECTOR DEVELOPMENT, AS WELL AS “CAPTURING” CAPITAL FOR THE COUNTRY –

DO THE PEOPLE NEED MORE BUYING POWER….UHHHH…YES THEY DO..BUT THEY CAN TRANSACT IN THE DINAR AT THE CURRENT RATE – WE WILL HAVE TO WAIT AND SEE WHAT HAPPENS WHEN THE TARIFF’S GO INTO EFFECT

OOTW: THANKS SCZIN11!

chattels: ‹@sczin11› work, work, work :)

OOTW: SO HERE’S ANOTHER ARTICLE FROM THE MINISTRY OF TRANSPORT SITE CONFIRMING THEY’RE SHORING UP HOW TRADE IS REGULATED VIA AIR

OOTW: ransport Minister .. briefed on the nature of the ground services for aircraft As part of the pursuit and the Ministry of Transport to improve the rate of air transport in Iraq, the Minister of the transfer Baqir al-Zubaidi day Wednesday, 7/22 tour of inspection in one of the Iraqi Airways aircraft to determine the nature of the ground services provided by the contractor company with them to provide these services … And the face of sovereignty to the need to adhere to the contract and controls that have been developed along the lines of international companies.

He briefed sovereignty in the framework of his tour in the halls of Baghdad International Airport on the services provided to travelers stressing attention to clean lounges and restrooms where, sovereignty and talked to some travelers to get to know the nature of the services and facilities provided to them by workers at Baghdad International Airport. Brief and the press center of the Ministry of Transport Posted By: Site Management | Date: 22-07-2015

sczin11: ‹@chattels› I THINK WE WORK HARDER AT THIS, THEN THEY DO

OOTW: I THINK IT’S INTERESTING THAT WE’RE SEEING LOW NUMBERS AGAIN IN ATTENDANCE AT THE PARLIAMENT MEETINGS – OBVIOUSLY, MP’S ARE EITHER BOYCOTTING THE MEETINGS,

OR THEY’RE STILL ON VACATION, BUT AS THIS IS A FIRST READING, AS WE’VE SEEN IN THE PAST,

THERE’S A CHANCE THEY WERE ABLE TO PASS THIS LAW WITH A MINIMUM NUMBER OF MP’S IN ATTENDANCE – PERHAPS AN INDICATOR OF MASSUM’S STATEMENT,

GIVING JOBOURI EXECUTIVE POWERS TO PASS LAWS..WE HAVE TO WAIT AND SEE WHEN/IF THESE LAWS PASS SECOND AND THIRD READINGS IF THAT IS INDEED THE CASE

11:39:04 AM] sczin11: ‹@OOTW› IS THERE ANYTHING YOU HAVE SEEN, CONSTITUTION WISE, THAT GIVES MASSUM POWERS TO GIVE JUBOURI THE BROADER DECISION MAKING, BASUCALLY EXECUTIVE ORDER OF SUCH

sczin11: ‹@chattels› CHATTELS, SAME QUESTION PLEASE

OOTW: SCZIN NO, I CANNOT FIND ANYTHING IN THE CONSTITUTION THAT EMPHATICALLY ALLOWS THE PRESIDENT TO GIVE JOBOURI SOLE POWERS TO PASS LAWS, …REMEMBER, THIS IS STILL IN DEBATE BETWEEN THE HOR AND THE SJC

sczin11: ‹@OOTW› I AM REMEMBERING :)

OOTW: ONCE A LAW HAS PASSED A READING, IT GOES TO THE COM FOR REVIEW, THEN IF AMENDED, OR NOT, GOES AGAIN FOR NEXT READING, THEN AFTER PASSED – THEN ONTO THE COM ONE MORE TIME THEN ONTO THE PRESIDENT FOR SIGNATURE THEN ONTO THE SJC FOR FINAL APPROVAL OR NOT

sczin11: THEN TO THE GAZETTE

sczin11: A YEAR LATER:)
OOTW: I THINK WHAT MASSUM IS SAYING IS THAT HE’S GOING TO GIVE JOBOURI THE POWER TO PASS LAWS REGARDLESS OF WHO’S IN ATTENDANCE, BUT..

WITH THE SJC IN ITS CURRENT STATE, I THINK IF WE SEE THESE LAWS PASSED UNDER THESE CONDITIONS, 

THERE IS A CHANCE THAT MAHMOUD AND OR SJC MIGHT TURN IT AWAY..

REMEMBER WE HAVE A FEW JUDICIAL LAWS BEFORE HOR – ONE OF THEM IS RE THE REASSIGNMENT OF JUDICIAL POSITIONS, THE OTHER OF COURSE IS THE FEDERAL COURT ACT

sczin11: ‹@OOTW› AND IF NOT MAHMOOD, THERE IS ALWAYS KHARANJI…(sp)

OOTW: SOUNDS LIKE THE NAME OF A BAD DISEASE IN INDIA

OOTW: LOL

OOTW: HERE’S THIS JUST INTO MY EMAIL FROM WINNERDINAR

OOTW: Parliamentary Finance warns of the spread of counterfeit currency in the market is demanding the government to take the necessary procedures July 25, 2015 – 11:45 Parliamentary Finance warns of the spread of counterfeit currency in the market is demanding the government to take the necessary procedures 

BAGHDAD / Sky Press: Faleh Hussein parliamentary finance committee warned on Saturday, the spread of counterfeit currency categories of ten thousand dinars and 25 000 dinars in the domestic market, demand that the government and central bank to take procedures to limit the circulation of citizens.

 A member of the committee MP Jabbar al-Abadi for “Sky Press,” that “the proliferation of counterfeit currency in the domestic market, especially the ten of thousands of categories and 25 000 dinars dangerous phenomenon and is a crime threaten the economic security of the country”. 

“The government is required to take the necessary measures to track down who play by the Iraqi economy through their rigging the currency measures,” calling on the central bank to “counterfeit currency withdrawn from the market to curb the proliferation and circulation of citizens.”

 The local sources indicated the presence of Iraqi currency forged the category of 25 000 dinars are traded in the market. 

The central bank earlier by issuing a new edition of the coin ten thousand dinars category in the market and the withdrawal of the old edition gradually, especially after the emergence of cases of fraud for this category in the domestic market.     

OOTW: HERE’S A QUOTE FROM THIS

OOTW: “”The government is required to take the necessary measures to track down who play by the Iraqi economy through their rigging the currency measures,” calling on the central bank to “counterfeit currency withdrawn from the market to curb the proliferation and circulation of citizens.”

 The local sources indicated the presence of Iraqi currency forged the category of 25 000 dinars are traded in the market.

 The central bank earlier by issuing a new edition of the coin ten thousand dinars category in the market and the withdrawal of the old edition gradually, especially after the emergence of cases of fraud for this category in the domestic market.”

Comments may be made at the end of Part 2  Thank You

BLC Admn Tlm724 News & Comments 7-25-15

Morning News Comments 07/25/2015

The parliamentary finance committee discussed the complaint filed by the government on the budget of the Federal Court

July 25, 2015   Finance Committee met on Monday, 07/06/2015, headed by MP Ahmad Chalabi, head of embryos and the presence of a number of members of the committee to follow up the implementation of the state budget law. 
~~~
The meeting which was attended by Director General of the Legal Department of the House of Representatives and discussed the complaint filed by the government to the Federal Court and wait in the application of the law and procedures of the Committee to follow up the dollar exchange rate and an auction of foreign currency at the central bank.

http://www.parliament.iq/details.aspx?id=48642&Alw

~~~

Urgent ..alebadi Parliament calls for national legislation card law as soon as possible to be checked

[tlm724] “the government is committed to simplifying the procedures for transactions This card is one of the wheels of the citizen and to avoid administrative and financial corruption. “

~~~

Ghabban: National card is tamper-proof and Snozaa own at all security checkpoints and circuit devices

Picture
[tlm724] that all the archives will be archived and will be treated as national card only.

[tlm724] so this card will replace all other cards issued and will also be issued to everyone 12 years old and above throughout Iraq

~~~

Specialists: Insurance is suffering the consequences of international sanctions

[tlm724] It stressed at the conclusion of her speech on the need for knowledge of what to expect the international business community of the provisions of the insurance in the emerging markets, particularly in Iraq,

where it is seen as an investment opportunity on the ground, especially after his release from the consequences of Chapter VII of the Charter of the United Nations and the liberation from the restrictions that were imposed on him as a result of international sanctions

~~~

Urgent

Defence Minister Dr. Khaled al-Obeidi tired confirms that the liberalization of Anbar operations are in progress Pencgaha decree, according to the timings.

Posted By: Site Management | Date: 25-07-2015 |

Defence Minister Dr. Khaled al-Obeidi tired: victories of our troops in Anbar and Salahuddin return of Iraqi armed their forces confidence.

Posted By: Site Management | Date: 25-07-2015

Defence Minister Dr. Khaled al-Obeidi tired: Daash gangs have become paralyzed movement within Anbar after our troops tightened security cordon them.
Posted By: Site Management | Date: 25-07-2015

http://www.mod.mil.iq/

[tlm724] making great progress in Anbar !!

Parliaments next meeting

And then it decided to adjourn the meeting to next Tuesday 07/28/2015

http://www.bondladyscorner.com/t136023-house-of-representatives-discuss-with-minister-of-electricity-and-the-reality-of-power-in-the-country

[tlm724] on a side note, the electricity crisis in the country is a big deal. The people are angry and presently it is 123 degree’s in Iraq ! This just add’s insult to injury !

http://www.bondladyscorner.com/t136022-morning-news-comments-07-25-2015

Wealthwatch Early AM News – Links & Discussion 7-25-15

sczin11: THE BIG NEWS SO FAR TODAY

sczin11: Government launches national card and Abadi calls for parliament to approve the law

sczin11: The Iraqi government launched on Saturday, the national card project, and with the Prime Minister Haider al-Abadi called for the House of Representatives to law and security benefits to legislation, the Conservatives called for the provision of buildings and facilities for the issuance of the card the fact that simplification of procedures and a means of dealing with corruption.

He said the Prime Minister Haider al-Abadi in a speech on the sidelines of the opening of the national card project and attended (range Press), said that “from within the government’s plan to counter terrorism is to simplify administrative procedures, 

including the national card issuance and there blessing movement to issue this card,” noting that “the project card National security benefits. “
~~~

 He called al-Abadi, the House of Representatives to “national legislation the law of the card being a means of simplifying the procedures,” asserting that “corruption must be addressed not only to speak but to take steps and a means of treatment is to simplify the procedures.” 

He called al-Abadi, conservatives as “actors to contribute to the provision of buildings and facilities for the issuance of national card”, calling for a “concern for the privacy of the citizen.”

The General Directorate of Nationality, confirmed in (the 13th of October 2013), it will give all Iraqis the single card within five years, indicating that the first card will be given during the next two years after the end of the German company set up its equipment, and that the new card will enrich the citizen from the use of Msthompskath During the review of the four state departments.

The Iraqi government has contracted, in (the eighth of October 2013), with a German company to issue a unified smart card, in a move she said was “abbreviated routine winning in state institutions and the removal manipulation of important documents and enhancing security and ensure the functioning of the electoral process by about sound.”

sczin11: VIEW THE ENTIRE THREAD wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1295

chattels: “The thing that sets the American Christian apart from all other people in the world is he will die on his feet before he’ll live on his knees.” — George Washington

chattels: “I also give it in charge to you to avoid all disrespect of the religion of the country, and its ceremonies. Prudence, policy, and a true Christian spirit will lead us to look with compassion upon their errors without insulting them.

While we are contending for our own liberty, we should be very cautious not to violate the rights of conscience of others, ever considering that God alone is the Judge of the hearts of men, and to Him only in this case they are answerable.”

chattels: Turkey targets PKK, peace deal broken By RUDAW

chattels: rudaw.net/english/kurdist…   http://rudaw.net/english/kurdistan/250720152

chattels: NEW YORK—Kurdish entrepreneur and founder of America’s most popular yogurt brand Chobani, Hamdi Ulukaya, is traveling to the Kurdistan Region this fall to visit two refugee camps funded by his company.

chattels: Recently, Ulukaya pledged to give half of his estimated US$1.3 billion to charity and in this exclusive Rudaw interview he talks about his plans for helping refugees in the Kurdistan Region and the rest of the Middle East.

chattels: rudaw.net/english/kurdist…  http://rudaw.net/english/kurdistan/25072015

chattels: Immigration Minister: appeal to some budget materials caused significant damage to the displaced 07/24/2015 16:01 BAGHDAD / Nina / announced Minister of Displacement and Migration Jassim Mohammed: “The Federal Court’s decision to challenge some of the budget law materials, reduced the displaced allocations by a large margin.

chattels: ninanews.com/Website/News…

http://ninanews.com/Website/News_Details.aspx?QLn9jJkpUEhRbIt3ZXrh6g%253d%253d

chattels: The displaced people are not just need to shelter and food, but need health care and the provision of necessary living supplies of services, etc., and these things require a large financial allocations to secure the needs of the largest number of displaced families, “

stressing the need for concerted efforts to find quick solutions to this intractable problem. The court Supreme Federal, decided on the sixth of July of this rule unconstitutional a number of materials for the federal budget in 2015, asserting that the legislation was contrary to the contexts provided for in the Constitution.

 chattels: BAGHDAD / Nina / accused the organization / mobilization of the oppressed / of the Iranian Revolutionary Guards head Mohammad Reza cash the United States to provide support for Daash and make its embassy in Baghdad served as the headquarters of its operations

chattels: ninanews.com/Website/News…

http://ninanews.com/Website/News_Details.aspx?F3dE%252fGj3v%252bUT6c1KyNTYjw%253d%253d

BOBBY: chattels…. have you ever seen the movie the railway man?

chattels: ‹@BOBBY› not that i recall

BOBBY: Chattels. .. just got done watching it…. excellent!

chattels: Hilla / Nina / assassinated by an armed group traveling by car on Friday at the borders of the province of Babylon with Latifiya south of Baghdad lawyer Ibrahim al-Janabi

chattels: is no one safe ! ? :)

chattels: “The first thing we do,” said the character in Shakespeare’s Henry VI, is “kill all the lawyers.”

chattels: ‹@BOBBY› I shall look for it

BOBBY: Chattels. … i think you will like it …. based on a true story

UNEEK: I just read the psa at recaps — no names were mentioned but many have been brought up over time – it is best to be very cautious

chattels: Contrary to popular belief, the proposal 9 ” Kill all the lawyers ” was not designed to restore sanity to commercial life. Rather, it was intended to eliminate those who might stand in the way of a contemplated revolution — thus underscoring the important role that lawyers can play in society.

chattels: ” the surest way to chaos and tyranny even then was to remove the guardians of independent thinking.”

chattels: www.spectacle.org/797/fin…  http://www.spectacle.org/797/finkel.html

chattels: i like to think of myself as a ” guardian of independent thinking “

chattels: we must all think for ourselves on this journey – there is no substitute for independent thought and action – we are responsible for ourselves and our influence upon others

BOBBY: Chattels. … independent thinking. … few and sadly far between these days

UNEEK: ‹@chattels› glad you were able to handle your situation and recover – PIF really comes across as genuine but I still have a very healthy skepticism about his “way” of doing things

 chattels: ‹@UNEEK› i consider myself fortunate rather than competent in that matter

UNEEK: ok blessed for sure in that situation

chattels: we are all a bit desparate and tired which makes for errors in judgment

Donnie: Subject: PIF sets up GROUP CASH OUT then TAKES IT ALL BACK – What Happened? Thu Jul 23, 2015 11:55 pm   Yesterday Markmeersman gets everyone excited about the Group Cash out then Today he Tells everyone to forget about it. WHAT IS GOING ON?!?!? YESTERDAY’S MESSAGE Instructions for starting the exchange process

UNEEK: ‹@chattels› that is for sure – and i admit i have fallen prey with good intentions and over trusting heart

BOBBY: Chattels. … all the more reason the con men will be coming out

Donnie: To begin the process, go to bit.ly/HOH-INTAKE This link will allow you to update your currency holdings that you wish to exchange. Once completed, you will be given access to the forms that need to be completed. Below, please find your instruction e-mail.

All paperwork must be completed accurately in BLUE INK ONLY. Once the forms are filled out, make copies for yourself, but send the originals with your currency. Copies of ALL receipts must also be provided. If you do not have a receipt, send an affidavit.

Donnie: The link is dead so not to worry.

Donnie: if you want to read more about this: www.dinardaily.net/t45311…

Donnie: appears the guy backed away and is refusing any shipments of Dinar and is returning any Dinar received.

UNEEK: ‹@Donnie› thank you for the post – am just curious and read to be informed as to his actions – he and Dave are in together to make money charging people –for classes to instruct on how to submit applications for funding or something like that –

Donnie: ‹@BOBBY› read the article. It pretty much explains it all.

BOBBY: Uneek…. if its the dave i am thinking of i still have emails he sent me regarding cashing out/contracts

] chattels: Prime Minister Haider al-Abadi stressed the government’s commitment to facilitate procedures for citizens and that contribute effectively in the fight against corruption and speed up the completion of transactions. “

chattels: He said Abadi, that “the card of national will help in controlling the security measures at the same time, the citizen privacy will be saved which is very important for us. “

BOBBY: Doug…. desperation would be my guess

chattels: www.alliraqnews.com/modul…

http://www.alliraqnews.com/modules/news/article.php?storyid=10706

chattels: the Commission on oil and energy parliamentary said Minister of Electricity [Qassim Mohammed Fahdawi] Advanced and his staff in the ministry did not provide “adequate justification” for the causes of the current electricity crisis in the country

chattels: Committee hosted today Minister of Electricity and officials in his ministry to discuss the electricity crisis taking place in the capital Baghdad and a number of provinces with a long interruption of hours of processing to coincide with an unprecedented rise of temperatures in excess of in the days of 50 ° C.

chattels: www.alliraqnews.com/modul…

http://www.alliraqnews.com/modules/news/article.php?storyid=10705

chattels: According to a ministry statement received by the agency all of Iraq [where] a copy of the al-Obeidi lose the pieces fighter in the axes of Anbar operations, he said in a speech that “Daash gangs have become paralyzed movement within Anbar after tightened our security forces cordon it.”

chattels: www.alliraqnews.com/modul…

http://www.alliraqnews.com/modules/news/article.php?storyid=10713

chattels: criticized the Investment Committee and the economy in the province of Babylon, the investment law, describing him as a “non-integrated

chattels: Committee Chairman Asaad Amuslimawi, told all of Iraq [where], “The provinces complain of the investment law, it is not integrated because it contains a number of obstacles and barriers, while the law in the Kurdistan region is quite different from the investment law in the other provinces.”

chattels: The House of Representatives passed in 2006, the Iraqi investment law, which was said at the time that it “will open the doors wide open to foreign investment, due to submit a lot of facilities to foreign investors,”

 but that many foreign companies are still hesitant because of fears of security reality unstable in Iraq, adding that the law did not give investors the right ownership of the property the project, and equated the Iraqi and foreign investors in all the privileges, except for real estate ownership, as can the foreign investor lease the land for 50 years, subject to renewal, according to Paragraph 11 of the Investment Law.

chattels: many foreign companies are still hesitant because of fears of security reality unstable in Iraq, adding that the law did not give investors the right ownership of the property the project,

chattels: many foreign companies are still hesitant because of fears of security reality unstable in Iraq,

chattels: many foreign companies are still hesitant because of fears of security reality unstable in Iraq,

chattels: many foreign companies are still hesitant because of fears of security reality unstable in Iraq,

chattels: www.alliraqnews.com/modul…

http://www.alliraqnews.com/modules/news/article.php?storyid=10622

chattels: the law in the Kurdistan region is quite different from the investment law in the other provinces.”

 chattels: approached the price of Brent crude from the lowest level in four months, on Friday, after data factory sector shrinking in China and a stronger dollar against a basket of currencies

chattels: www.alliraqnews.com/modul…

http://www.alliraqnews.com/modules/news/article.php?storyid=10636

BOBBY: Chattels. .. do see the Kurds eventually going there own way?

chattels: the price of oil is now below the amount projected in the Iraqi budget for 2015

chattels: ‹@BOBBY› in time, yes

BOBBY: Chattels…. how would that work for the dinar?

chattels: ‹@BOBBY› likely in the form of a federation of states of Iraq

chattels: ‹@BOBBY› some federated states share a common currency, but the answer to your question cannot be known, at least by me

BOBBY: Chattels… that makes for some interesting views lol

chattels: perhaps a confederation

chattels: confederation is ” voluntary “, federation is ” involuntary “

chattels: ‹@BOBBY› i posted a lengthy article in the forum a few days ago – check the thread on Kurdistan independence

chattels: ‹@BOBBY› there are so many variables in this speculation that we have made

BOBBY: Chattels…. perfect! i am greatly interested in this matter

chattels: ‹@BOBBY› wealthwatch.world/showthr…  http://wealthwatch.world/showthread.php?tid=109

BOBBY: Chattels….. i do believe this will be the future of Iraq

chattels: ‹@BOBBY› page two ( 2 ) Iraq’s Path to Decentralization

chattels: ‹@BOBBY› Asymmetric federalism or asymmetrical federalism is found in a federation or confederation in which different constituent states possess different powers: one or more of the states has considerably more autonomy than the other substates, although they have the same constitutional status. The division of powers between substates is not symmetric.

This is in contrast to symmetric federalism, where no distinction is made between constituent states.

As a result, it is frequently proposed as a solution to the dissatisfactions that arise when one or two constituent units feel significantly different needs from the others, as the result of an ethnic, linguistic or cultural difference.

The difference between an asymmetric federation and federacy is indistinct; a federacy is essentially an extreme case of an asymmetric federation, either due to large differences in the level of autonomy, or the rigidity of the constitutional arrangements.

An asymmetric federation however has to have a federal constitution and all states in federation have the same formal status (“state”), while in a federacy independent substate has a different status (“autonomous region”).

chattels: By definition the difference between a confederation and a federation is that the membership of the member states in a confederation is voluntary, while the membership in a federation is not.
chattels: ‹@BOBBY› there are links, of course, :), throughout

BOBBY: Chattels. … thank you for all the research you do…. makes all the difference in the world

chattels: ‹@BOBBY› www.enciclopediapr.org/in…

http://www.enciclopediapr.org/ing/article.cfm?ref=13010801

chattels: ‹@BOBBY› it is no burden that which we do gladly – my pleasure

BOBBY: Chattels. …. some people can handle the truth

chattels: ‹@BOBBY› a little knowledge is a dangerous thing, so we must strive daily to improve upon our understanding of things

chattels: the greatest danger is what we think that we know and not what we know

BOBBY: Chattels. … its the only way things will work with this… before and after

chattels: The beginning of wisdom is found in doubting; by doubting we come to the question, and by seeking we may come upon the truth.

chattels: Kindness is more important than wisdom, and the recognition of this is the beginning of wisdom.

chattels: The beginning of wisdom is the definition of terms – Socrates

BOBBY: Chattels. … well spoken words…. should be this site mantra

chattels: “The only true wisdom is in knowing you know nothing.” – Socrates

chattels: ‹@BOBBY› none of us is so very good or wise, but together we are formidable

BOBBY: chattels… like i said earlier. .. this site has all the making of being a positive in the community

chattels: ‹@BOBBY› glad that you are amongst us

BOBBY: Chattels… thank you much sir

BOBBY: Chattels. … i remember something Lj said before, it would be great if the sites could share intel and not let ego and greed get in the way of the truth

U.S. stocks extend losing skid to four, in spite of surge from Amazon

Investing.com –

Investing.com — U.S. equities markets fell broadly on Friday closing lower for a fourth consecutive session, as lagging performances from stocks in the Basic Materials, Health Care and Energy industries weighed on the major indices.

The Dow Jones Industrial Average posted mild losses to remain in negative territory for the year, while the NASDAQ Composite index and the SP 500 Composite index each fell by more than 1% to extend prior losses on the week. The Dow lost 163.39 or 0.92% to close at 17,568.39, while the NASDAQ dropped 57.78 or 1.12% to end the week at 5,088.63.

The SP 500 fell 22.50 or 1.07%, as all 10 sectors closed in the red. Stocks in the Health Care, Basic Materials and Energy industries lagged, each falling more than 2% on the session.

Amazon.com Inc (NASDAQ:AMZN) shares skyrocketed as much as 20.4% to an all-time high of $580.57 after attaining unexpected profits when its quarterly earnings were released on Thursday after the bell. Amazon, which ended the session as the top performer on the NASDAQ and the SP 500, fell back slightly to close at 529.42, up 47.24 or 9.80%.

The top performer on the Dow was Visa Inc (NYSE:V), which rose more than 4.2% to 74.80 after reporting stronger than expected earnings on Thursday after the close. The worst performer was DD, which fell 1.54 or 2.63% to 56.94.

On the NASDAQ, Amazon finished just ahead of Vodafone Group (LONDON:VOD) PLC (NASDAQ:VOD) which gained 0.72 or 1.99% to 36.91. The worst performer was Biogen Inc (NASDAQ:BIIB), which plunged to a seven-month low after slashing sales expectations fo its Multiple Sclerosis drug Tecfidera amid slowing demand. Shares in Biogen fell more than 22% to close on Friday at 300.03.

On the SP 500, New Jersey-based medical equipment manufacturer BCR jumped more than 4% to 187.75 after beating analysts’ forecasts with its second quarter earnings. C.R Bard finished just below Amazon as the top performer of the session. Biogen also finished as the worst performer on the SP 500, just above travel website TRIP, which plummeted 12.51 or 13.40% to 80.86. Earlier this week, Trip Advisor’s reported quarterly earnings below analysts’ expectations amid soaring costs during the period.

On the New York Stock Exchange, declining issues outnumbered advancing ones by a 2,299 to 858 margin.

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US Dollar Impasse Will be Broken by FOMC Meeting and GDP Update | DailyFX

US Dollar Impasse Will be Broken by FOMC Meeting and GDP Update | DailyFX

DailyFXJul 25, 2015

Fundamental Forecast for Dollar:Neutral. A Fed staff forecast from June has changed the dynamics of speculation surrounding the FOMC's rate timing; Be mindful of the back-to-back release of the FOMC rate decision and US 2Q GDP data this week; Join …

US Dollar Impasse Will be Broken by FOMC Meeting and GDP Update | DailyFX

US Dollar Impasse Will be Broken by FOMC Meeting and GDP Update | DailyFX

DailyFX6 hours ago

Fundamental Forecast for Dollar:Neutral. A Fed staff forecast from June has changed the dynamics of speculation surrounding the FOMC's rate timing; Be mindful of the back-to-back release of the FOMC rate decision and US 2Q GDP data this week; Join …