Category: Dinar Recaps

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.

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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.

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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.

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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!

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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  

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 Discussion 7-23-15 Part 2 of 2

Wealthwatch Early AM Discussion 7-23-15 Part 2 of 2
Post From Wealthwatch.world Chat Room 7-23-15 Early Early Morning

chattels: the foregoing is likely a good analysis / extention of my simplistic statement that the world of international banking and commerce must accept / assign / embrace a value to the IQD. that banks will not exchange an increased value to the dinar if they cannot reliably profit from the transaction.

chattels: increasingly I am persuaded that it is essential for Iraq to have a long term hydrocarbon law and be able to abide / perform in accordance with the terms thereof

chattels: such will require consensus and legislative action which continues to be a challenge for the Iraqi Parliament

chattels: who is right and who is wrong in the ongoing analysis of where we are on this journey will be forgotten and insignificant at the end of the day. what we will remember is how we treated one another and made each other feel along the way.

chattels: I encourage you all as I encourage myself and pray for you all as I pray for myself. Fight the good fight, holding on to faith and good conscience. God bless us everyone.

sczin11: GM

sczin11: MALIKI SAID WHAT? SAUDIA ARABIA PRINCE CALLS ICC TO ARREST FOR GENOCIDE.IRAQ RESPONDS
~~~

sczin11: [b]Saudi prince calls for the arrest of “Nuri al-Maliki” and describes the structure Balhcod[/b] Date: 23/07/2015 Palm-denounced the Saudi Prince Khalid Al-Saud, attack journalist writer Mohamed Hassanein Heikal, Saudi Arabia, regarding it as “hatred of the Kingdom”,

also sent a message to him, saying: “our imam shoe Salman Akram Ashraf and the whole of history.”

 And sparked talk of journalist Mohamed Hassanein Heikal with newspaper «ambassador» Lebanese Yesterday a state of political controversy in the Egyptian media and anger Saudis in particular on expectations the fall of the Saudi regime,

 and the pursuit of Egypt for rapprochement with Iran after nuclear deal.

He said Prince Khalid Al-Saud in several Tweets on his personal homepage on the “Twitter”: “deep on the threshold of giving to the words of the likes of” structure “- to our country and the governors ordered – and the importance of the deal! Each drug has only hatred. “

 He continued: “They told me that the structure of the elderly attacking Saudi Arabia, Then I remembered the words of the poet: God der envy what Oadelh … began his neighbor, killing him.”

 Saudi Prince continued Ngredath: “Say to this elderly: the shoes of our imam Salman Bin Abdul Aziz and Akram Ashraf of the whole history.”

And went on to say: “This poor elderly (structure), I am confident that if he went to any medical clinic, the physician will say to him You are suffering from a chronic illness called” hatred of Saudi Arabia. “

 Dr. Khalid Al-Saud also commented on calls Vice President of the Republic of Iraq, Nouri al-Maliki, put the Kingdom of Saudi Arabia under the international trusteeship, saying: “Where is the International Criminal Tribunal for the brutal crimes of genocide for this sectarian killer.

He continued: “the shame of the whole humanity and the human rights organizations that leave this sectarian killer without trial.” The link between the Saudi prince “structure attack” and “Royal calls,” saying: “the structure of attacking Saudi Arabia

sczin11: READ ENTIRE THREAD wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=1271

sczin11: MALIKI SAID WHAT? SAUDIA ARABIA PRINCE CALLS ICC TO ARREST FOR GENOCIDE-IRAQ RESPONDS

NearTheSea: wow

sczin11: GOOOD MORNING EVERYBODY…

tourman: Maliki is surrounded and that noose is gettin tighter

chattels: BAGHDAD — US Defense Secretary Ash Carter arrived unannounced in Baghdad on Thursday to assess the government’s progress in healing the country’s sectarian divisions and hear the latest on support for the Iraqi army’s coming attempt to recapture the key city of Ramadi from the Islamic State. It is Carter’s first visit to Iraq since he took office in February.

chattels: Carter is not expected to announce any major change in US strategy or increase in US troop levels. The approximately 3,360 troops now in Iraq are largely involved in training Iraqi troops, advising Iraqi commanders on battle plans, and providing security for US personnel and facilities.

chattels: The visit, however, comes at an important moment for the Iraqi government, which has announced a counteroffensive to retake Ramadi, the capital of Anbar province. The actual assault on the city has not yet begun, but a Pentagon spokesman, Army Col. Steve Warren, said it could start within several weeks

Imagist: US strategy?

chattels: Read more @ rudaw.net/english/middlee…

http://rudaw.net/english/middleeast/iraq/230720151

chattels: ‹@Imagist› your question is ?

chattels: American military leaders have said they would recommend to Obama that he approve moving US military advisers and perhaps special operations forces closer to the front lines if they believed it would make a decisive difference at certain stages of the Iraqi campaign.

But Warren said no such recommendation has yet been made. Obama’s critics in Congress complain that he is missing an opportunity to swiftly defeat the Islamic State by not sending US ground combat troops or at least placing military advisers with Iraqi units to make them more effective.

Imagist: ‹@chattels› Didnt mean to break into your article… I didn’t know the US had an actual strategy – unless no plan is a strategy

chattels: Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, who visited Iraq last weekend, supports Obama’s approach. He told a congressional hearing July 7 that he realizes the Islamic State’s threat to the US homeland “could increase” as a result of what he called a patient US approach in Iraq and Syria.

chattels: “But I also would suggest to you that we would contribute mightily to ISIS’s message as a movement were we to confront them directly on the ground in Iraq and Syria,” he said, using an acronym for the Islamic State and alluding to the risk of enhancing the group’s ability to recruit fighters.

chattels: ‹@Imagist› there is a strategy articulated for Iraq and to some degree Syria

chattels: one has to follow Carter and Dempsey to glean some notions about it

 [09:31:06 AM] chattels: ERBIL, Kurdistan Region – Iraq will receive new military tanks and warplanes from the Czech Republic and South Korea through military agreements the government signed with the two members of the international coalition that is fighting the Islamic State, or ISIS, in Iraq and Syria, an Iraqi parliamentarian said.

chattels: Zamli, a prominent Shiite leader pointed out that the dependence on airstrikes carried out solely by the US-led coalition had proved ineffective.

“Seventy-five percent of the planes fly and land without carrying out their missions,”he said, without providing evidence of his estimate.

chattels: Hard to believe the foregoing

chattels: more shiite

tourman: no surprise there, that is Obama’s policy of giving aid and comfort to the enemy

chattels: “The warplanes purchased from both countries are believed to be handed over to Iraq separately in the near future. With the arrival of the equipment, the Iraqi air force will be much more active, changing the fighting equation against Daesh,” he said, using the Arabic acronym for ISIS.

chattels: rudaw.net/english/middlee…

http://rudaw.net/english/middleeast/iraq/230720152

tourman: or no affective ground forces to guide planes to targets ^^^^^^^

chattels: we can anticipate greater collateral damage once the Iraqi pilots begin their missions

Doug_W: ‹@chattels› that is an unfortunate fact of war
chattels: ERBIL, Kurdistan Region – Kurdish forces bombarded several ISIS weapons depots and military bases Thursday on the Nawaran front in northern Mosul province, a Peshmerga spokesman said.

 “Peshmerga forces conducted four attacks on ISIS, destroying weapons depots and military bases in the Khorsabad village on the Nawaran front, at 5:20am Thursday, causing material damage and heavy casualties among ISIS radicals,” said Brigadier Dilshad Mawlood, media officer of the Peshmerga Zeravani force.

chattels: The Nawaran front is located on the Nineveh plain, some 10km northeast of Mosul city.[chattels: rudaw.net/english/middlee…

http://rudaw.net/english/middleeast/iraq/230720153

tourman: “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” Albert Einstein

chattels: ASPEN, Colorado — The Islamic State group’s effort to inspire troubled Americans to violence has become more of a terror threat to the US than an external attack by al-Qaida, the FBI director said Wednesday. 

FBI Director James Comey told an audience at the Aspen Security Forum that the Islamic State group, which has proclaimed a caliphate in parts of Syria and Iraq, has influenced a significant but unknown number of Americans through a year-long campaign on social media urging Muslims who can’t travel to the Middle East to “kill where you are.”

chattels: rudaw.net/english/world/2…     

http://rudaw.net/english/world/230720151

tourman: “War does not determine who is right – only who is left.”

chattels: Obama administration to defend Iran nuclear deal in Senate By Associated Press

chattels: The deal does not need congressional approval to take effect, but Republicans are expected to try and sink it with legislation that would block Obama from lifting sanctions imposed by Congress. The president has vowed to veto any such bill, and it would take a two-thirds majority in each house of the Republican-controlled Congress to override him.

chattels: rudaw.net/english/world/2…

UNEEK: ‹@tourman› ahhh good one by one of my favorites — thank you for sharing — And A Great Morning to all

chattels: ‹@UNEEK› ‹@UNEEK› ‹@UNEEK›

UNEEK: ‹@chattels› good morning — you were burning the mid night and early early morning oil weren’t you — Hope your wife has a very happy joy ous birthday and y ou will celebrate a special time with her

UNEEK: ‹@chattels› you and the doc were really doing some serious dialogue — I enjoyed reading –

chattels: ‹@UNEEK› TYVM

chattels: KIWIDOC IS A GOOD MAN

UNEEK: based on the way he writes …. I would agree

chattels: DUTY AND THE PRIVILEGE OF SERVICE ARE CALLING – I’M LATE, I’M LATE, FOR A VERY IMPORTANT DATE :)

Wealthwatch Early AM Discussion 7-23-15 Part 1 of 2

Wealthwatch Early AM Discussion 7-23-15 Part 1 of 2
Post From Wealthwatch.world Chat Room 7-23-15 Early Early Morning

BOBBY: anyone up?
KiwiDoc: I’m not anyone but I’m up!!
KiwiDoc: ‹@BOBBY› are you on the east coast?

BOBBY: lol… how are you tonight

KiwiDoc: Good It’s just a bit before 5 in the afternoon here
BOBBY: i believe we are central time… its almost mid night here

KiwiDoc: If your near midnight, west coast is 5 hours then plus 2 puts you in central time…..Alabama or west I recon
BOBBY: Tennessee

KiwiDoc: It’s winter here. not that cold mid to upper 40’s to 50’s . Just waitin on an RV!!
BOBBY: You and me both…. i feel its gonna be a wait though

KiwiDoc: It’s always been said that it will happen when we least expect it and I think that is true.
BOBBY: i agree…. just dont think the foundation is 100 percnt solid yet
~~~

KiwiDoc: Things seem to be improving and that is a good sign. The climate for change seems to be headed in the right direction

BOBBY: i agree. .. i separate the fact from guru fiction. makes life alot simpler
BOBBY: progress is positive…. but slow

KiwiDoc: Likely it will happen with little fanfare and all of sudden it will be, “lets go to the bank!”

chattels: whasup doc ?

BOBBY: my opinion. ….. little to no fanfare

chattels: all good here, and there ?

KiwiDoc: Quiet here, the news here doesn’t follow the mid east that much, mostly China
KiwiDoc: and Australia

ladyfox: hi guys, met a retired solider said with boldness ‘ THE DINAR SHALL REVALUE, TO HOLD FAST” that I will.

ladyfox: in ten words what is the top news of yesterday?

chattels: the best writing i read today was wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=109&page=2

KiwiDoc: ‹@chattels› your a man of few words, looks like your up my friend!!

chattels: it is not necessarily ” good ” news

chattels: The Line in the Sand: Is Sykes-Picot Coming Undone? BY MICHAEL WAHID HANNA hksjmepp.com/the-line-in-…

ladyfox: ‹@chattels› yes I agree a divorce would not be good

chattels: Read the part on decentralization in Iraq

chattels: ‹@ladyfox› sorry, i put the article in a thread on Kurdish independence

KiwiDoc: ‹@chattels› ‹ do you think the US is trying to encourage this split, wasn’t Biden saying that a year or so ago

chattels: use the last link

chattels: ‹@KiwiDoc› I do not.

chattels: BIden did talk about separate states.

] chattels: but i think he had in mind a federation at worst

KiwiDoc: Well if Abadi missed the chance to pull this together he will be like Obama, missing a change to create something historic in his country. Just MHO

chattels: this author talks about asymmetric federalism

KiwiDoc: ‹@chattels› now there is a great new phrase……how can you argue with that…..

KiwiDoc: ‹@chattels› kind of like feeling strongly both ways

KiwiDoc: political journalism at it’s best

chattels: ‹@KiwiDoc› i like to think that Abadi is picking his battles and acting as a statesman when he can with what he can

 KiwiDoc: ‹@chattels› so to accomplish a little instead of nothing, like Maliki without the genicide

chattels: little favorable comparison with Maliki in my sense of it

chattels: Abadi is far less of a centralist than Maliki

] KiwiDoc: When I read the article in Al-Monitor about the tribes south of Bagdad still using trading of women to settle disputes it hit home that even thought this is where civilization supposedly started, there is a heck of a long way to go before things can come right.

chattels: Abadi favors more ” state’s rights ” than federalism, IMO

chattels: ‹@KiwiDoc› Christianity was the great liberator of women. Islam, well, ……………………

 KiwiDoc: ‹@chattels› yes but the articles that discussed the delay in military support during the seiges of Ramadi and other cities from Bagdad don’t ring of support from the GOI.

chattels: Iraq has lots of problems, no doubt

] KiwiDoc: You notice that there hasn’t been much discussion at any point that I’ve seen regarding the Christian abuses, which have gone unaddressed by Bagdad to any great degree. or have I missed something along the way?

chattels: ‹@KiwiDoc› No, i have read / seen nothing about christian abusers

chattels: if you mean Muslim outrage at the abuse of christian, there has been a smattering out of Baghdad, more from KUrdistan

KiwiDoc: the curds have been the only ones to come to their defense that I’ve seen

chattels: ‹@KiwiDoc› Christian refugees languish in camps, looking for hope rudaw.net/english/kurdist…

http://rudaw.net/english/kurdistan/220720152

KiwiDoc: At some point there has to be reconciliation publically, and I don’t see the Muslim government wanting to do that

chattels: ‹@KiwiDoc› the christian populace must be included in the ” national reconciliation “

KiwiDoc: agreed but I haven’t seen any indication of that happening, certainly nothing from Abadi publically that Ive seen

chattels: ‹@KiwiDoc› compassion for christians is not at the top of the list for sure

chattels: no good political future in it for the near term

KiwiDoc: for sure, and once the RV goes, it will be about access for the oil production is my guess

chattels: “oil nationalism is the fundamental arrangement underlying the Iraqi state.” hksjmepp.com/the-line-in-…

http://hksjmepp.com/the-line-in-the-sand-is-sykes-picot-coming-undone/

chattels: ” The centrality of oil to this arrangement means that “a relatively equitable distribution of this wealth will be key to future stability, …… “

KiwiDoc: I think it’s always been about the oil from day 1

chattels: and Basra has 80 % of the oil production in Iraq at present

KiwiDoc: But Basra is in the south right?

chattels: Basra is Shia country as you know

KiwiDoc: yes

chattels: ‹@KiwiDoc› yes, Iraq’s only seaport

KiwiDoc: Also where they are having all shipping come in at this point, the other border crossings are controlled by ISIS as I understand it

chattels: the KUrds have the other 20 %

 KiwiDoc: The article you referenced the Kurd certainly sound like they want out….without a fight

chattels: the Sunni have little oil or other resources, except maybe phosphates

KiwiDoc: But the phosphates have value and if they can access that financially, that should help to smooth over some of the sectarian strife one would think….No being left out in the cold so to speak

chattels: ‹@KiwiDoc› the Kurds are situated much like the southern states in 1860

KiwiDoc: Good analogy

chattels: if there is an armed conflict it will be one of Shia aggression

KiwiDoc: It wouldn’t be their first

chattels: except maybe in Kirkuk and other disputed areas that were historically Kurdish

chattels: i believe that the Kurds will fight over Kirkuk

KiwiDoc: It will be interesting to see how the Kurds handle the change over and amnesty for the ISIS fighters who jumped ship from the Iraqi forces after all the killing that went on

chattels: i believe that much of the Kurdish hesitation is centered upon accomplishing as much constitutionally and without bloodshed under the Iraqi constitution

chattels: in the disputed areas under article 140

KiwiDoc: But you don’t think they want out?

chattels: ‹@KiwiDoc› longer term, yes

chattels: ultimately there will be a Kurdish nation, IMO

KiwiDoc: It was Bagdad, granted Sadaam who bombed them, used chemical weapons…..a real mess

chattels: there are also aspirations of a greater Kurdistan, Rojava in Syria , and parts of Turkey and Iran

chattels: it is very complicated and i do not pretend to grasp it all – books have been written

chattels: the Kurdish diaspora is the largest on the planet

chattels: there are many similarities with Israel

KiwiDoc: That I didn’t know

chattels: Turkey’s real concern: Greater Kurdistan

chattels: www.al-monitor.com/pulse/…

http://www.al-monitor.com/pulse/politics/2014/10/turkey-iraq-syria-kurds-great-kurdistan.html

chattels: Here’s The New Kurdish Country That Could Emerge Out Of The Iraq Crisis Read more: www.businessinsider.com/h…

http://www.businessinsider.com/heres-a-map-of-the-kurdish-nation-2014-6#ixzz3gh2jM186

chattels: The Kurds, an ethnic group numbering around 30 million people, are spread throughout northern Iraq and Syria, western Iran, and eastern Turkey. They are considered to be the largest stateless national group in the world. Read more: www.businessinsider.com/h…

http://www.businessinsider.com/heres-a-map-of-the-kurdish-nation-2014-6#ixzz3gh2qeGxh

KiwiDoc: There is a definite possiblitly for us to get out from under Turkey’s bases and use Kurd bases in the future I bet, just a hunch

chattels: The Kurds in Iraq have actually expanded the total territory they control by 40% since ISIS took over Mosul. This has fueled fears in Iraq that Iraqi Kurdistan may declare itself a fully independent state. Read more: www.businessinsider.com/h…

http://www.businessinsider.com/heres-a-map-of-the-kurdish-nation-2014-6#ixzz3gh35RKxZ

] chattels: Iraqi Kurdistan already runs itself in much the same way an independent nation would. It has its own armed forces, and it has been selling its own oil for half the price of what the rest of Iraq charges through a pipeline to the Turkish port of Ceyhan.

It is estimated that the Kurdish region contains a quarter of all of Iraq’s oil. That figure is likely an understatement now that the Kurds control Kirkuk — a key oil hub. Read more: www.businessinsider.com/h…

http://www.businessinsider.com/heres-a-map-of-the-kurdish-nation-2014-6#ixzz3gh3KBDFx

chattels: the Kurds need to double their current production to be financially independent of Basra / Baghdad

chattels: with Kirkuk they will have the resources for the longer term, in the meanwhile they are consolidating their gains upon the ground and improving their value to the world

chattels: they will have to have international support

KiwiDoc: We will be back it I bet

chattels: we are seemingly getting warmer, but we have left the Kurds hanging before

chattels: as you can see I am a Kurd sympathizer

KiwiDoc: We have left several hanging before, I’m a fan of their’s as well

chattels: our foreign policy leaves much to be desired, eh ?

KiwiDoc: These last 7 years have been added to the previous which has been diasterous

KiwiDoc: Our foreign policy is and has been a mess

chattels: bed time for bonzo here, tomorrow is another day

KiwiDoc: yes it is….all the best and don’t forget to sing Happy Birthday……

chattels: thanks for the chat
chattels: ‹@KiwiDoc› :)

KiwiDoc: it was entirely my pleasure…..I feel quite blessed to chat with you….thanks

chattels: Godspeed the completion of the Iraqi banking sector reform project.

KiwiDoc: From your lips to God’s ears

chattels: 7-22-2015 Newshound Guru Kxxx Once sanctions were lifted on Iraq, and the banking system, Iraq is free to engage with the world. [so the sanctions have been lifted? is that right?] 

Yes…sanctions are lifted some years ago. But currently they are under Article XIV with the IMF which is technically called “Transitional” So Iraq is free to engage with any financial instution that is “willing” to take the risk.

 And many do…Especially since the CBI now guarentees funds/payments from it’s financial institutions. The bottom line, is as long as the CBI is under Article XIV they will have trouble finding instutions to do business with them. Its just the nature of it.

 Now, once the CBI has met the conditions of the Article IV Consultations…And have demonstrated that they can function by those conditions…They can ask the IMF to give them the blessing of sorts to move from Article XIV to VIII.

chattels: 7-22-2015 Newshound Guru Kxxxxx Article IV Consultations are the name the annual reviews that take place between the IMF and the Central bank. 

Once the IMF agrees, and the CBI accepts Article VIII, that is like offering a warranty…it makes Iraq much more attractive to global banks and it makes a clear statement that the CBI is in compliance with the IMF. 

Banks that are conservative in nature (like Wells Fargo) would only do business with other banks that are VIII compliant.

 I am not saying they would, but Article VIII is a good start for global commerce with the dinar…without it, they continue to struggle for banking partners. 

So, the article was techically correct..”the Iraqi market is now open to markets Global directly without restrictions”.

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

SDR Negotiations – A Visual Guide  By JC Collins

ECONOMICS, FREE POM

SDR NEGOTIATIONS – A VISUAL GUIDE (FREEPOM)

Export Increases and Currency Depreciation

By JC Collins

The future composition and weight of the SDR basket could fluctuate with the exchange rates of the domestic currencies which will use it as an anchor. 

To fully understand how the Special Drawing Right could work as an international monetary unit which is used to balance trade between countries, an understanding of the problems with the balance of payments under the USD regime will be required.
~~~

Most readers are now aware of the Triffin Paradox which defines the imbalances which are created when the domestic currency of one country is used as the international monetary unit of account.  This is best visualized in the chart below.
Picture
The growth of America’s trade deficit is clear to see against the increase in China’s trade surplus.  Both countries are on opposite extreme spectrums of the balance of payments and represent the imbalances explained in the Triffin Paradox. 

When China, as the world’s largest exporter, accumulates ever increasing amounts of USD in its foreign exchange reserves, the United States is forced to expand the dollar supply in order to meet the demand.  This creates the large trade deficit for the US and the large trade surplus for China.

All other countries are positioned between these two in varying degrees of deficits and surpluses.  The accumulation of dollars by all countries supports the valuation of the USD against the domestic currencies of those countries, which in turn affects the exchange rates of all other currencies.  This adds to the systemic imbalances which are inherent in the USD based framework.

The accumulation of USD has also forced the American government into deficit spending programs which attempt to manage the debt against GDP growth.  

But with the increased and disproportionate valuation of the USD against other currencies, America’s production and exports have progressively decreased with the increase in the trade deficit.

American goods are too expensive for the rest of the world.  This will change.

The chart below shows the rise of America’s debt-to-GDP ratio along with the growth in the trade deficit.  A depreciation in the US dollar will make American exports cheaper international which will promote manufacturing growth domestically, leading to an increase in exports.

Picture
But how do you depreciate the USD when it is used as the international monetary unit of account?

The obvious answer is that an alternative to the USD is used as the international monetary unit of account.  Another domestic currency will not function as this unit of account, as it will lead to the same challenges found in the Triffin Paradox.

A supra-sovereign international monetary unit of account is required.

The value, or weight, of the currencies which make up the SDR composition will be determined on a multitude of factors.  The important ones will be structured around the amount of currency in use, the level of trade surplus or deficit, the debt-to-GDP ratio, and the amount of exports.

Countries with elevated debt-to-GDP ratios will experience a depreciation of domestic currency as a means of increasing exports.  This will boost GDP and rebalance the debt-to-GDP ratio.  

Countries which have a balanced trade (minimal deficit or surplus) but have a disproportionate debt-to-GDP ratio, such as Japan, as shown in the chart below, will require more in-depth debt restructuring.

Picture
The best position for countries will be found in low debt-to-GDP ratios and high trade surpluses, or balanced trade.

Other factors which will contribute to alterations in the SDR composition will be influenced by the level of foreign exchange reserves held by each country. 

 It is indicated that these forex reserves (of which a huge amount is denominated in USD), will be converted, or exchanged, for SDR in the coming years.

This will in essence delegate domestic currency for domestic use only.  The SDR will be used to balance trade internationally, but will not be used domestically.

There has been discussions around the idea of including goods and commodities in the SDR weighting. 

Though gold and oil, among other benchmark commodities, could very well add stability and diversification to the SDR, it is more likely that we could see a de facto “goods” inclusion into the SDR based on the exports of member countries.

The larger the exports of a country will mean a larger weighting in the basket composition.

The combination of goods and currency weighting, defined above, will be based on the exporting of whole goods by country measured against the currency metrics which will adjust the valuation of currencies.

The amount of forex reserves exchanged into SDR (mainly USD), will add an extra dimension of re-valuation and weighting in the SDR. 

The US, being the debtor nation in such a formula, and China, being the creditor nation in such a formula, will find themselves locked in geopolitical negotiations over the valuation and shifting of such liabilities as the SDR becomes the international monetary unit of account.

The chart below details the largest exporters in the world measured against the size of foreign exchange reserves.  It is immediately clear that China tops both categories, giving it leverage over the multilateral transition.

The US, though the second largest exporter already, has extremely low, and disproportionate foreign exchange reserves.  This will change when the SDR becomes the international reserve asset and the USD is depreciated, allowing for an increase in exports. 

 The foreign exchange reserves of countries, now denominated in SDR, will be tied to the level of exports.

Picture
The chart below gives us another way to view this, as it is based on the countries with the largest foreign exchange reserves measured against exports.  Here we see that Japan has the second largest forex reserves after China.  


This will help them when it comes time to make adjustments to the balance of payments and correct their large debt-to-GDP ratio
Picture
Based on the information which has been simplified above, if the SDR adjustments taking place this year were based on these metrics, the weighting would look something like the pie chart below.  

The multilateral transition, and subsequent adjustments to currency valuations and SDR weighting, under current conditions, works in the favor of China.

Obviously the United States will need to allow for considerable swings in the dollars valuation and a reduction in USD which has accumulated over the last 7 decades.  

This does create a level of leverage for the US, but also creates a precarious situation which forces it into negotiations which may not always be approached from their best interests.

Picture
The corrections to the balance of payments and the elimination of the inherent problems of the Triffin Paradox, will require the increase and decrease of exports and imports, and the appreciation and depreciation of domestic currencies.
The balance of payments chart below is a sensible guide to use when determining which currencies will depreciate and which will appreciate.
Picture
Some balancing will be required for the effective SDR can be implemented as the international monetary unit of account.  The SDR composition which comes into effect this January, will only be the first step in balancing the international monetary framework.

The Chinese renminbi will be included in the SDR and its use, and accumulation internationally, will expand over the next 5 years. 

 This will create “organic” corrections to the balance of payments in the lead up to the larger SDR adjustments, and weighting corrections, which will take place in 5 years’ time.  – JC

 http://philosophyofmetrics.com/sdr-negotiations-a-visual-guide-freepom/

Pastors Ed & Kat International Prayer Call Thurs. Night 7pm ET

International Prayer Call Thursday Night 7pm ET

530 881 1400    406878#
530 881 1499    406878#    recorded version

Probably a 100 times a day folks ask is this really going to happen, I am sure Israel in Egypt for 40 years in the wilderness when are we going to be there was asked?? 

Tonight we will discuss the huge amount of folks and reasons that I believe have the answer. BUT one has to understand all that is happening, not just one thing. So come join us with an open ear and mind. Shalom Shalom
God Bless

Pastors Ed & Kat
heavenlyhealingministries.org
visit to see angels around our house

Thanks Dinar Recaps for all you do for the community.

News, Rumors, and Opinions Late Wednesday Night

My Ladies Private Chatroom: (Repost)

My Ladies    Quote from Article from 2013:  “Two Iraqi parliamentary committees monitoring fiscal policy in Iraq have held two contradictory positions on the Iraqi currency “reset” project, which would delete three zeros from the currency. There has been much debate about the project’s feasibility and the date of its implementation.”  

THE PEOPLE WHO OPPOSED THE RESET IN 2013 ARE THE PEOPLE THAT ARE SAYING NOW IN 2015 THE TIME IS RIGHT.  

IT SEEMS MALIKI BACK THEN WAS FOR THE DELETION, AND TAMIMI AGAINST IT, SO NOW ALL THE CONCERNS HAVE BEEN ADDRESSED AND TAMIMI IS SAYING THE TIME IS NOW. 

SALEH WAS CONCERNED BACK THEN TOO AND EVERYONE OBVIOUSLY OUT RULED MALIKI AND NOTHING WAS DONE.  SALEH IS ON THE BALL NOW…
….
**************************

Dinar Chronicles:


“Accounts to be Loaded” – Intel SITREP from Deep Source(s) for July 22

(Note: This is completely raw intel from Classified sources and may or may not come to fruition. User discernment is advised. ~ Dinar Chronicles)

SITREP (Situation Report)

7-22-15     11:32 PM EST

http://www.dinarchronicles.com/intel

Deep Source (RV/GCR):

“Multiple individuals reporting that China is starting up the release of funds tonight in Reno. Accounts to be loaded. This is unconfirmed intel.”

Note from Deep Source(s):

“Please note: Intel that is being provided from us to you is indeed accurate but completely raw and does have a tendency to not follow through. There is no denying that we are all in frustration and loss of patience. It is entirely a fact that intel being provided is real, but there are constant on-going activities that change the situation. This is agonizing but you mustn’t lose hope. Nothing lasts forever.”

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

TNT:


Blackjack7:  Oh I almost forgot one of my contacts called me just a little bit ago and said It’s Here …Just be Ready!

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

I4U:

[xyz] Gold is doing something it hasn’t in 20o years
  

http://www.cnbc.com/2015/07/22/gold-is-doing-something-it-hasnt-in-20-years.html

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

KTFA:


Alan : OK serious question.

If the CBI has been doing auctions to pull in the 000s then why would they turn around and put them right back in circulation. 300 billion? That’s a years worth of auctions.

**********

Frank26:
  Back?     No.

KURDS are 5 years ahead of Baghdad. They use better banking methods. Due to lack of liquidity they use mostly electronic transactions. Credit vouchers …….. Qi Cards……Retirement Cards …… Credit Cards…… Gold……. Checking accounts …….and even the USD at times ……. ect until The GOI is ready to catch up to them ………. The Proud Son.

LD’s will ……… Not now …….. Play an important part in these steps too.

Kurdistan’s money is much more internationally capable hence more and better options for their funds. Their Bank Platforms are playing an important part in this as well.

KTFA    Frank….iMO.

KTFA Cont………

mcdan :I checked Vietnam, USA , Brazil and all of these country’s are saying Holding Rate
This might or may not mean anything we shall see IMO

McDan:   » July 22nd, 2015, 7:32 pm (post 9) 

http://www.imf.org/external/np/fin/tad/exfin2.aspx?memberKey1=460&date1key=2015-07-15

Holdings Rate  as of June 30, 2015

The holdings rate is the exchange rate of a member’s currency against the SDR. The rate is derived from the currency’s representative exchange rate, as reported by the central bank, normally against the U.S. dollar at spot market rates and rounded to six significant digits.

TSV — TSV tips  (in SDRs per Currency unit)

Date Holdings Rate

April 30, 2015 0.000610324

April 30, 2014 0.000553897

April 30, 2013 0.000568833

April 30, 2012 0.000553591

April 29, 2011 0.000527732

April 30, 2010 0.000566092

April 30, 2009 0.000570626

April 30, 2008 0.000512352

April 30, 2007 0.000516326

April 28, 2006 0.000460244

April 29, 2005 0.000451682

September 22, 2004 0.000466938

September 08, 2003 2.53758

April 30, 2002 2.53758

April 30, 2000 2.43852

April 30, 1999 2.38074

April 30, 1998 2.38881

April 30, 1997 2.3558

April 30, 1996 2.21848

April 30, 1995 2.04504

April 30, 1994 2.26323

April 30, 1993 2.26004

April 30, 1992 2.34852

April 30, 1991 2.39924

April 30, 1990 2.46985

April 28, 1989 2.48283

April 29, 1988 2.32407

April 30, 1987 2.46269

April 30, 1986 2.73556

April 30, 1985 3.24557

Disclaimer

The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Iraq: Financial Position in the Fund
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The above has changed …where it used to say Exchange Rate is the wording Holding Rate

The rate as of April 30 2015 was change to .000610324 . This is the SDR Rate which is divide by 2 . You add the two sums to get the exchange rate ( now called Holding rate ) appox. It is
.000915486 and removing the Zero .915 cents to one dollar.


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

lighthouse777 :  Where are you checking this inf at XE?   Thanks

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

MCDAN:   Post nine has this link

http://www.imf.org/external/np/fin/tad/exfin2.aspx?memberKey1=460&date1key=2015-07-15

http://www.imf.org/external/country/IRQ/index.htm
This link come from clicking the sub-title Iraq Position in the fund

http://www.imf.org/external/country/index.htm

Which comes from the link were you click on the country you are check for info

You have to start at the bottom link….Going upwards you will see the Holding rate link click on Holding rate and at the top of the graft it says for the month of June*

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

lexi : What do you think this might mean mcdan? Thanks

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

McDan:  Best way to answer your question

( Frank always watches for a break in a pattern ). I have always watch this page because it shows the true value of the Dinar in SDR rate .

The SDR rate is the trading rate at 12 noon in England normal Monday through Friday. 

I guess the best way to explain what I saw

( I was surprised to see the changing of the exchange word to Holding )

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

Frank26:  In my conversation with You i said they are erasing the chalk board.

Why not …… They have new chalk.    KTFA  Frank

Wealthwatch Evening News Chat 7-22-15  Part 1 of 2

Post From Wealthwatch.world Chat Room 7-22-15 Evening  Part 1 of 2

chattels: I encourage all to read the fuller version and I apologize for the long post in the chat, but the insight and commentary provided by this essay are very important, IMO

chattels: wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=109&pid=2610#pid2610

chattels: ‹@EdoBini› Abadi is the closest to a statesman that may exist in Iraq and far superior to Mr. Maliki, eh ?

chattels: decentralization is already formally underway in Iraq and is taking place within a constitutional framework. The exact parameters of the accommodation between Baghdad and Iraq’s regions, however, remain contentious and unresolved. Iraq’s flawed 2005 constitution itself reflects Iraq’s underlying and ongoing political and identity crises. 
~~~

Based on Iraq’s recent experience and “given the strong association between federalism and the Kurds’ ultimate desire for statehood, almost any exploration of greater local autonomy by the provinces raises suspicions of a partitionist agenda.”[ix]

To move beyond this current impasse, any enduring dispensation will have to contend with the reality and irreversibility of Kurdish autonomy while understanding the undesirability of formalizing similar ethno-sectarian arrangements for other parts of the country.

chattels: The politics of decentralization in Iraq have changed dramatically since the country adopted its constitution.

 While Sunni-majority regions in Iraq have more recently come to see the potential benefits of decentralization, Iraq’s Sunni Arab political leaders were previously opposed to any forms of decentralization.

The psychology underlying this rejection was complex, bound up with the intractable disputes regarding territorial boundaries with the Kurds and the difficulty in accommodating to the demographic and political reality of a Shia-led political order.

Simply put, important strands among Iraq’s Sunnis had grown accustomed to ruling Iraq from the center and were not yet ready to concede that future prize. Incidentally, this same rejectionist attitude continues to be an animating rationale for IS and its recruitment.

Conversely, “during the writing of the 2005 constitution—a period of intense civil strife—a powerful group of Shia Islamists openly championed the Kurdish-inspired model of ethno-sectarian federalism as a hedge against the return of a Sunni strongman such as Saddam Hussein.”[x]

In the ensuing years, that model of ethno-sectarian federalism has never gained widespread traction beyond the KRG, but many of Iraq’s Sunni political leaders have come to see decentralization as a buffer between Sunni-majority areas and a Shia-led central state.

This process accelerated after the U.S. withdrawal and as power was increasingly concentrated in the person of former Prime Minister Nouri al-Maliki.

EdoBini: Yes !!!! better than Maliki by far but not certainly the best Iraq could provide at this time in their History.

chattels: ‹@EdoBini› Who do you have in mind ?

chattels: there is an inherent tension in the push for greater decentralization by Iraq’s Kurds and Sunnis: “On the one hand, they want a Baghdad that cedes power, one that is weak enough not to interfere with their regional arrangements.

 On the other hand, they also want a strong Baghdad, one that has the ability to pull oil revenue from Basra province (the source of about 80 percent of Iraq’s oil income) and distribute it throughout the country.”[xi]

As he further explains, “oil nationalism is the fundamental arrangement underlying the Iraqi state.”[xii]

This redistributive model and the inequitable geographic dispersion of natural resources will create a formidable check against separatist ambitions among the Kurds and the drive for greater autonomy on the part of Sunni-majority provinces.

This check is further strengthened by the utter devastation that has been wrought in many of the country’s Sunni-majority areas, a devastation that has only accelerated in the wake of IS’s military campaign, territorial acquisition, and persistent terrorism.

The centrality of oil to this arrangement means that “a relatively equitable distribution of this wealth will be key to future stability,” but this “will also require a relatively strong Baghdad.”[xiii]

This suggests that full implementation of the constitutional arrangements for decentralization would prove unworkable and counterproductive in practice; countrywide regionalization, including Basra and the South would likely set in motion powerful interests and forces that would undercut the economic viability of the Iraqi state.

 But it is also clear that the current political order is unable to provide equitable and fair governance to all its citizens. While claims that Sunni marginalization is the prime driver of the rise of IS are misguided and hyperbolic, it is undoubtedly true that Iraq’s Sunni citizens have legitimate grievances based on the actions of Baghdad.

chattels: In this light, “a system of asymmetric federalism may be the most practical solution for the problems that Iraq faces because it most accurately reflects the country’s enduring ethnic and political realities.”[xiv]

 In this case, an asymmetric outcome would recognize the special status of the KRG while allowing for further and necessary decentralization in other parts of the country.

 As Hiltermann, Kane, and Alkadiri further highlight, “no other model is likely to enable the country to reach an acceptable solution for Kurdistan while at the same time ensuring that the central government in Baghdad is viable enough to function.”[xv]

chattels: Reaching a settlement along these lines previously eluded Iraq’s political class, even at a time of decreasing violence and instability.

With the rise of IS and the loss of significant territory to that group, sectarian and ethnic polarization, and the further deterioration of trust among communities, have undermined the prospects for reaching such an accommodation.

 Nonetheless, the instability of the current juncture renders such political steps imperative. The most immediate concern in this regard is bound up with the institutionalization of the Popular Mobilization Forces (PMF) and the manner in which the central government interacts with and supports such local forces in Sunni-majority areas in the future.

The complex dynamics undergirding this issue can be seen in microcosm in the approach of Iraq’s political factions to the legislative issue of a National Guard force, which is understood by Sunnis as a necessary step for challenging IS and liberating IS-controlled territory in Sunni-majority areas.

Perhaps most importantly for Iraq’s Sunnis, the PMF issue will go a long way in determining whether the community can have any confidence in functional decentralization.

That confidence will be dependent on whether the central government can allow for provincial-level control of PMFs while properly and proportionately resourcing those forces.

In return, provincial leaders will have to allow the central government an oversight and collaborative role.

The precedent established by the PMF issue will have a disproportionate role in clarifying the political incentives for many Sunni leaders, and a positive resolution could encourage the mobilization of a critical mass of Sunni fighters, who will be indispensable in degrading IS military power and reach.

 These steps would alter Iraq’s polarized sectarian political and security dynamics.

chattels: It remains the case that the PMF issue will serve as a litmus test for the willingness and ability of Iraq’s political class to cobble together a practicable resolution that incentivizes cooperation between Baghdad and the provinces. Further afield, successful decentralization in Sunni-majority areas of Iraq could provide a model for such efforts in Syria.

chattels: To create a sustainable asymmetric structure will also require the normalization and stabilization of Baghdad-KRG ties, which remain strained despite interim arrangements to halt further deterioration.

As Joost Hiltermann points out, “Baghdad and Erbil are being pushed apart by the way one of the two main Kurdish parties has openly called for Kurdish independence (while the other has not excluded it), by unilateral moves in the disputed territories, and by an ongoing quarrel over oil and money.”[xvii]

For Iraq’s Kurds, the prospect of independence remains an ultimate goal, and many believed those hopes were buoyed by the territorial gains made in the wake of the collapse of the Iraqi security forces, particularly as much of those gains happened in disputed territories such as the symbolically potent city of Kirkuk.

chattels: The need for a broad accommodation on decentralization remains acute and as IS loses momentum in Iraq, the need for robust planning for post-IS governance in liberated territories gains greater urgency and would boost the prospects for both the immediate military campaign against IS and other rejectionists, and the longer-term viability of Iraq.

An asymmetric outcome would also most accurately reflect the existing realities of the country.

It would be best accomplished through constitutional revision, but the unlikelihood of that occurring suggests that the most constructive way forward would be through legislative action.

Such efforts at legislative reform have failed previously in producing functional outcomes, but must again be attempted despite the even more challenging backdrop.

chattels: I encourage all to read the fuller version and I apologize for the long post in the chat, but the insight and commentary provided by this essay are very important, IMO

chattels: 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”).

[04:50:36 PM] chattels: en.wikipedia.org/wiki/Asy…

https://en.wikipedia.org/wiki/Asymmetric_federalism

chattels: fed·er·a·cy ˈfed(ə)rəsē/Submit noun a group of states with a central government but independence in internal affairs; a federation. the state of being joined by a treaty.

 chattels: www.google.com/webhp

https://www.google.com/search?q=federacy%20definition&rct=j

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: www.diffen.com/difference…

http://www.diffen.com/difference/Confederation_vs_Federation

chattels: there is an inherent tension in the push for greater decentralization by Iraq’s Kurds and Sunnis: “On the one hand, they want a Baghdad that cedes power, one that is weak enough not to interfere with their regional arrangements.

On the other hand, they also want a strong Baghdad, one that has the ability to pull oil revenue from Basra province (the source of about 80 percent of Iraq’s oil income) and distribute it throughout the country.”[xi]

As he further explains, “oil nationalism is the fundamental arrangement underlying the Iraqi state.”[xii]

This redistributive model and the inequitable geographic dispersion of natural resources will create a formidable check against separatist ambitions among the Kurds and the drive for greater autonomy on the part of Sunni-majority provinces.
This check is further strengthened by the utter devastation that has been wrought in many of the country’s Sunni-majority areas, a devastation that has only accelerated in the wake of IS’s military campaign, territorial acquisition, and persistent terrorism. 

The centrality of oil to this arrangement means that “a relatively equitable distribution of this wealth will be key to future stability,” but this “will also require a relatively strong Baghdad.”

chattels: a strong Baghdad, one that has the ability to pull oil revenue from Basra province (the source of about 80 percent of Iraq’s oil income) and distribute it throughout the country.”

chattels: wealthwatch.world/showthr…

http://wealthwatch.world/showthread.php?tid=109&pid=2611#pid2611

chattels: I guess that I ran off everyone

Donnie: ‹@chattels› if Basra provide 80% of iraqs oil income

Donnie: then why is it all we hear from are the kurds like they are the main income machine for Iraq?

Donnie: why isn’t Basra threatening to breakaway ?

MichelleL: chattels you’re not that lucky, we’re all still here, just resting

chattels: ‹@Donnie› Basra speaks about forming a region from time to time

chattels: ‹@Donnie› i do not recall the Kurds claiming such

chattels: ‹@Donnie› Basra is Shia country

chattels: ‹@Donnie› Basra talks about deserving a bigger piece of the pie

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