Memphis: (Do you trust the CBI to do what they said a year ago they would do in the next 42 days?) Hmmmm :thnk: As to trusting a central banker?
If I were at lunch with the man hearing of his plans for the very next hour I would not make decisions based on it. My post (Dec2013?) of their own admission to “withhold market sensitive information” ought to be mentioned here.
This is the type of fundamental truth thru which we should filter all that we see and hear.
It’s important tho to add, I do believe they have shared things of value along the way. Therein lays the great challenge that we have faced, to discern the difference.
Next, one of my greatest frustrations for 3yrs now has been the dinar world’s propensity to latch onto a soon coming event and make it justification (evidence).
We seem to open our calendar and look to the next month not in the lines of critical thinking but perhaps more of a type of desperation.
Note: not stepping on anyone in particular, this is a general statement.
“it must RV prior to such and such conference for SURELY Shabibbi (now Turki) would never attend with (you guessed it) …. toilet paper for currency. ”
Tho I should have climbed this soapbox long ago, my point is that HAD WE discerned those things of value and held them close while letting all else simply fall to the floor we would have each progressed in our discernment and ability to think critically with the side benefit from less irrational exuberance and that being less…. disappointment.
I cringe at what some people choose to hold on to. Notice I did not say “pick up” as I pick up nearly everything and yet only carry with me a light load. Tho my tone has been more subtle in times past, I have consistently encouraged this practice publicly in my posts and on CC’s for a LONG time for this has troubled me from day #1.
Nova and I discuss those things that we have gathered only if some question exists as to it’s worth. All else is dropped without a word being exchanged.
A recent example: We watch the closing of gold markets for four (4) days with interest but make no claims regarding it as THAT would be unfounded such that IF it were found out to truly be of value we would only know this after the event.
A more far off thought: In November I pitched a thought to Nova that we might have a “back wall” date in May2014 IF Maliki is being shut out of politics.
He suggested I post this (in jest) knowing that I would be stoned to death. Only now that we are in that month can I safely even share such “dinar heresy”.
I am also L@@King with much interest for global news that seems “misplaced” or out of the expected. An American registered Challenger60 on the tarmac in Iran? Seems worth holding on to that one, at least for now. Hope this all makes sense…
Now that I have framed my “perspective”, let’s L@@K at your countdown scenario some…
fact: the CBI and other Iraqi gov’t voices have consistently thrown out dates that are always moving and isn’t it odd that as one such date approaches? Another gets thrown into the mix and perhaps one more for good measure. Until recently tho…
The volume of such verbiage has dropped off to such a trickle I cannot recall their last such “campaign”.
And to support Frank’s thinking here, yes there has been a convergence (subtle? yes but still there) towards May/June 2014. I am told to pay attention to this…. …. and so I am….
Two weeks ago I broke form and laid out a riddle:
a thought, when we read that Iraq will do a thing in the 1st of the year what does that mean? If we were placed at the edge of a forest and asked “how far can you walk into the forest?” we would reflect on the task and then have many differing answers true? “5miles”, “10miles”, “until I get tired”, etc…
If you placed (for example) a Jew and asked him the same question? His quick response would be: “Half way. ”
If you can answer this riddle then you’ll get my meaning.
hint: the western mind works differently than eastern.
Many folks caught the point here that until July, we are in the 1st of 2014 and yes I see many many things that support this season. I will not give my personal expectations here publicly (or otherwise) other than the following, a glimpse into my thinking:
My considered opinion based on ALL that I know? Xena could likely strike 10days off her count. Just an opinion from just one member. I fully respect the thoughts of any who may differ. Blessings.

Memphis: (Do you trust the CBI to do what they said a year ago they would do in the next 42 days?) Hmmmm :thnk: As to trusting a central banker?

If I were at lunch with the man hearing of his plans for the very next hour I would not make decisions based on it. My post (Dec2013?) of their own admission to “withhold market sensitive information” ought to be mentioned here.

This is the type of fundamental truth thru which we should filter all that we see and hear.

It’s important tho to add, I do believe they have shared things of value along the way. Therein lays the great challenge that we have faced, to discern the difference.

Next, one of my greatest frustrations for 3yrs now has been the dinar world’s propensity to latch onto a soon coming event and make it justification (evidence).

We seem to open our calendar and look to the next month not in the lines of critical thinking but perhaps more of a type of desperation.

Note: not stepping on anyone in particular, this is a general statement.

“it must RV prior to such and such conference for SURELY Shabibbi (now Turki) would never attend with (you guessed it) ….toilet paper for currency.”

Tho I should have climbed this soapbox long ago, my point is that HAD WE discerned those things of value and held them close while letting all else simply fall to the floor we would have each progressed in our discernment and ability to think critically with the side benefit from less irrational exuberance and that being less….disappointment.

I cringe at what some people choose to hold on to. Notice I did not say “pick up” as I pick up nearly everything and yet only carry with me a light load. Tho my tone has been more subtle in times past, I have consistently encouraged this practice publicly in my posts and on CC’s for a LONG time for this has troubled me from day #1.

Nova and I discuss those things that we have gathered only if some question exists as to it’s worth. All else is dropped without a word being exchanged.

A recent example: We watch the closing of gold markets for four (4) days with interest but make no claims regarding it as THAT would be unfounded such that IF it were found out to truly be of value we would only know this after the event.

A more far off thought: In November I pitched a thought to Nova that we might have a “back wall” date in May2014 IF Maliki is being shut out of politics.

He suggested I post this (in jest) knowing that I would be stoned to death. Only now that we are in that month can I safely even share such “dinar heresy”.

I am also L@@King with much interest for global news that seems “misplaced” or out of the expected. An American registered Challenger60 on the tarmac in Iran? Seems worth holding on to that one, at least for now. Hope this all makes sense…

Now that I have framed my “perspective”, let’s L@@K at your countdown scenario some…

fact: the CBI and other Iraqi gov’t voices have consistently thrown out dates that are always moving and isn’t it odd that as one such date approaches? Another gets thrown into the mix and perhaps one more for good measure. Until recently tho…

The volume of such verbiage has dropped off to such a trickle I cannot recall their last such “campaign”.

And to support Frank’s thinking here, yes there has been a convergence (subtle? yes but still there) towards May/June 2014. I am told to pay attention to this…. ….and so I am….

Two weeks ago I broke form and laid out a riddle:

a thought, when we read that Iraq will do a thing in the 1st of the year what does that mean? If we were placed at the edge of a forest and asked “how far can you walk into the forest?” we would reflect on the task and then have many differing answers true? “5miles”, “10miles”, “until I get tired”, etc…

If you placed (for example) a Jew and asked him the same question? His quick response would be: “Half way.”

If you can answer this riddle then you’ll get my meaning.

hint: the western mind works differently than eastern.

Many folks caught the point here that until July, we are in the 1st of 2014 and yes I see many many things that support this season. I will not give my personal expectations here publicly (or otherwise) other than the following, a glimpse into my thinking:

My considered opinion based on ALL that I know? Xena could likely strike 10days off her count. Just an opinion from just one member. I fully respect the thoughts of any who may differ. Blessings.

4-19-2014 Newshound Guru Kaperoni Article: “Iraq is preparing for negotiations for joining the World Trade Organization in third round” Unlikely they will get accession until the laws are in place and the currency is convertible. These are basic requirements. Wishful thinking on Iraq’s part to think they could gain accession without these. Makes no sense…Parliament has to pass them laws and the GOI (Maliki) needs to stay out of the CBI for monetary reform to get done. We shall see.
4-19-2014 Intel Guru DC I believe Iraq is immensely ready. I believe they are getting ready for celebrations and frankly have been on the edge of ready celebrations for many days now, at least the 15th if not before. A lot of the banks continue to distribute the lower denominations…There are some parts of the country that do not have them so it’s really confusing. All the banks that we know and talk to are very ready and are on call and are ready to go. The delays now are being measured in very short periods of time and they’re also getting harder and harder to justify, to get it done…we’re talking hour to hour, a few hours at a time…when they’re talking about the delays…not days. I am very optimistic about the next few days and I think everybody else is.
Fact check, there is no proof that the denoms are even printed yet, much less being distributed. If they are being circulated in Iraq then there must be several images that would confirm that claim, but there is not any images as of yet.
4-18-2014 Newshound Guru Millionday Article quote: “MP for the coalition of state law Salman al-Moussawi, on Thursday, for the coalition to reach agreement with the Kurds on the Law of the federal budget, And while noting that the position of the last change at the last minute, said that the law will pass in spite of political differences. ” [But we don't know when?] …we do know they said they would have an emergency vote right away…this is one of the reports — lets make sure before we bring out the party hats.
4-18-2014 Newshound/Intel Guru BGG It is my opinion – most of this back and forth over the budget is really a big “blame game” between the parties ahead of these elections. Maliki got some traction with it early – yet his opponents appear to be using his own weapon against him and it looks like he’ll try and ride this “budget train” into Apr 30th.
4-18-2014 Newshound Guru Chattels [new guru] Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.
4-18-2014 Newshound Guru Kaperoni Article: “Central Bank: 70 trillion dinar bank deposits” This is a huge article…think about it…if the CBI’s plan was to reduce the money supply they are announcing today that 70 trillion dinar sits in banks. The choice will be. .loan it out or reform the currency and raise the value of the dinar. Now is the time with all this dinar out of circulation.
4-18-2014 Newshound Guru wmawhite I too bought the Dong…however, I do not believe that the VND will RV…because, Viet Nam, just like China must export large quantities to fuel their economies. In order to keep their products cheap their currency must be kept LOOOOOW. Again, Viet Nam is very similar to China. It products and export alot, IMO.
dinarguru

Tomorrow/Baghdad: Agency Finance Minister Safaa net debt, Wednesday, that Iraq is going through a good period of development reports were discussed by the IMF and the World Bank in Washington. He said the net for “tomorrow”, “the World Bank expressed satisfaction with the progress achieved in the Iraqi economy, which in recent years as a […]

4/19/2014 0:00
Capitals – Agencies
International Monetary Fund said it should countries in the Middle East and North Africa make ambitious reforms to achieve sustainable growth provides more job opportunities and promote equality and diversification of the economy.
said the fund said in a statement that the challenges facing the region occupied a prominent place on the agenda of the Spring Meetings in 2014 and held by the Fund and the World Bank in Washington DC last week, and included meetings of ministers and senior government officials.
focused IMF officials on the commitment to work with all countries in the region, including the transition countries of the Arab, Egypt, Jordan, Libya, Morocco, Tunisia and Yemen – and the willingness to make efforts in this regard. said Director General of the Fund Christine Lagarde: “We have the Fund’s work with all member countries have expressed an interest in a partnership with him,” pointing to the programs that work from which the fund with Jordan, Morocco, Tunisia, and technical assistance to Egypt, Libya, and the ongoing discussions about a new program Yemen.
said fund in his statement that the economic situation for the oil-importing countries in the region is still difficult, especially that started the political transformation since more than three years.
said Masood Ahmed, Director, Middle East Fund: These countries will experience another year of economic activity Limited, which is expected to reach 3 percent growth rate almost . . the main reason for the continuation of this economic growth is modest confidence is still weak, especially in countries undergoing political transformation.
alsabaah. iq

4/19/2014 0:00
BAGHDAD – the joy of pumice
in order to stimulate growth in the country and private sector participation in the development process taking place in the country, experts called to support the project «revitalize the Iraqi economy» and activate the strategies adopted by the government in line with the current circumstances, especially that Iraq has financial reserves huge can be invested in achieve this.
project manager Dr Abdul Muti pumice confirmed »Sabah» that the project submitted to the state was based on the Constitution and the five-year plan of national (2013 – 2017), as well as special studies and research centers and Iraq’s economic and foreign.
pointed pumice that the project «activate the Iraqi economy »adopted by the Iraqi Businessmen Union is an extension of the project of economic reform, which was carried out by the Union in the year 2012 – 2013 and came out with recommendations submitted to the responsible parties in the government and parliament, and we have seen some positive effects, particularly the activation of the laws on tariff and protection of Iraqi products and consumer protection. Meanwhile, said economic expert on behalf of Jamil Anton, Vice President of the Federation and the presence of human potential high (30 University) and completed (14) strategic and economic roadmap approved by the Council of Ministers, but the dominant presence of the absence of balance and lack of integration between the public and private sectors.
saw Anton said «provincial councils turned to the boards of a political, and not the boards production and services, especially as the annual budgets are not the paragraphs referring to the private sector, in what was supposed to be involved in developmental processes ». warned that« the industry semi-dependent, it is the total (35) thousand industrial project works what does not more than 10 percent and production capacity is low, while the expenses amounted to import more than 74 billion dollars for the introduction of goods randomly not based on the needs of the market », he says. either economic expert Majid picture revealed the existence of a financial reserve can significantly involvement in the process of revitalizing the Iraqi economy, indicating that «there (38) trillion dinars at the central bank, and (6) the trillions in the bank, in addition to (3) trillion budget surplus, in addition to other amounts to the pension funds, insurance, endowments, while there (6000) project unfinished».
The new mock his call to establish a Supreme Economic Council to draw strategies sectors, made ​​up of members of the 50 percent of them from government experts and the other half from the private sector, stressing the importance of the legislative environment to enhance the Iraqi economy by issuing new legislation could be proposed by the Supreme Economic Council, including the fee system of the economy.
alsabaah. iq

ERBIL, Kurdistan Region – The Kurdistan Region Statistics Office (KRSO) expects the release of a new Gross Domestic Product (GDP) figure by the end of July.

The last survey was conducted in 2011, when it was determined that the region’s economic activity amounted to $20 billion. A year before, the KRG claimed 5.2 million people lived in the region.

If Kurdistan were a country it would rank as the 103rd biggest economy in the world, according to the International Monetary Fund’s (IMF) 2011 GDP index. It would come in above Nepal (a country of 27.2 million people) and Zambia (13.6 million), but below Estonia and Trinidad and Tobago (both 1.3 million).

This said, a prominent business figure working in Kurdistan expressed doubts about the past calculations. “These numbers are not reliable,” he said, “as they can’t get an accurate account of the hugely important ‘grey economy.’”

The grey economy is an informal economy of unrecorded cash transactions. A substantial volume of businesses are able to circumvent the already limited tax code in the country, so most economic activity lies “off the books.” This makes it extremely difficult to calculate GDP, along with a range of other information about the economy.

The situation has not been helped by budget cuts in Baghdad, as Iraqi Prime Minister Nuri al-Maliki piles the pressure on Erbil by cutting off federal funding.

KRSO President Serwan Muhammed Muhialdeen claims that almost half of the office’s $8.6 million dollar budget will be affected by cuts. The remaining funds will cover salaries, but little more. This is catastrophic for the office, as rigorous studies are extremely resource-intensive, not to mention time consuming.

There is some cooperation with the central government. The KRSO cooperates with the Central Statistics Office in Baghdad, from whom it receives funding for special surveys. A recent example is a project to collect tourism industry data.

But for help with some of its most important research, the office looks to international organizations and private companies. Both the GDP and a labor survey, due at the end of the year, will be completed with the assistance of the US-based RAND corporation.

A socio-economic survey with the World Bank is expected next March. UNICEF is working to complete a new round of surveys focusing on women and children, and the United Nations Development Program is launching its first ever “Crime and Victimization” survey in Kurdistan.

Dr. Jamal Ameen, a senior statistician at the region’s Ministry of Planning and professor of statistics in the UK, stresses that Kurdistan is still young and changing rapidly. Slowly but surely, he believes, their data are rising to “global standards,” aided by these partnerships with international organizations.

He notes that the KRG has a $100 million fund to send students and government employees abroad for advanced degrees in fields like statistics. When they return, as they are contractually obliged to, it is hoped they will bring cutting edge knowledge and methodology.

The professor knows solid numbers are important to bring international investment and attention. Outsiders will need reliable facts to measure the incredible progress the Kurds are making — almost entirely by themselves.

LINK

DC: So, here is what I got, guys. Bottom line, I believe Iraq is immensely ready. I believe they are getting ready for celebrations and frankly have been on the edge of ready celebrations for many days now, at least the 15th if not before.

In terms of things like being physically leaked (???) those kinds of things, like ready. A lot of the banks continue to distribute the lower denominations and/or a… those have been pushed out throughout most of the country right now.

There are some parts of the country, they do not have it still and so it’s really confusing for the poor guys out there, causing regular trouble.

They are mainly preparing for their elections. Remember, their elections are kind of a rolling cycle and those elections are starting to occur and the really big ones are starting to crank up tomorrow and through the 30th, and those again, moving on and being successfully monitored by everybody out there.

All the politicians, not just Maliki, but all the other politicians want this as well, except one specific guy and the folks that follow him, very much want to get this done now because they believe it will reinforce the status quo.

It’s just like here in the US, or for those international, everybody wants to look as good as he/she can right before the election so this is a good time for that, and they’re very much striving for that.

My understanding is that a great deal of paperwork has been submitted to all the right amount of people that put everybody on pretty much definite watch where they’re getting… there’s not a lot of wiggle room, let’s put it that way.

There are people here in the US that are working on Good Friday. Regardless of your religious preferences, we typically don’t work on a day like today and they’re not doing it because they want to. They’re doing it because they believe… the high level believe that this should be going on.

I would believe that a weekend is a very nice place — and we’ve talked about in the past and I’ll bring it up again – a lot of senior politicians, especially if they’re real strategists, have always wanted this to occur on a weekend because all the initial rush and all the initial crazy during a time when there is very light news coverage, and the lines (???) and all that kinds of stuff can be easily confused, they won’t be on there.

All the banks that we know and talk to are very ready and are on call and are very ready to go.

My personal opinion, kinda extract from the level of details is that the … is that they were supposed to go down the last couple of nights, but there were deals to buy a little more time – we’re talking like hours, with a maximum of 24 hours at a time of these last-minute deals and movement occurring almost every night.

Puts us a couple of days, again, which is a good thing. If we’re getting down to where you’re playing for hours, in essence that’s what it is, if you’re playing for hours, there’s not a hell lot of time left on the clock, it’s just not, to get that done.

So, I strongly think that we’re very much ready and ready to go.

I think the rest of the world is pushing toward this harder than the US, but the US doesn’t have any more timeouts left and we’re trying to get this done right now, and are prepared to do so. So, I kind of think that’s where we’re at, guys.

04. 19. 2014 (0:01 pm)
BAGHDAD / Acer Jabbar
Iraqi Central Bank announced that the government “will not impose its policies upon because of its law,” and that the law gives him “full autonomy are not allowed to lend because of the delay in adoption of the general budget, stressing that Iraq’s stockpiles reserve of money” out of the financial power of the government. “Said the bank’s management Central in the gallery its written reply to questions addressed to it (the long-Presse), “The Iraqi Central Bank Law No. 56 of 2004 prohibits the government from imposing its policies on the Central Bank of Iraq,” explaining that it “gives the bank full autonomy from the government so as not to make any loans to the government and does not receive orders, including the formation of policies that are subject accounts to international standards. ”
She said the bank’s management that “the central bank reserves accumulated by expenses prior to the budget,” adding that “Iraq’s stockpiles reserve funds covered the cash flow over the past years and so is out of the financial power of the government. ” The parliamentary Finance Committee has revealed, on March 3 the past, that the Iraqi government “$ 4. 5 billion” in the Development Fund for Iraq, DFI, noting that it “is able” to cover the salaries of the staff of the Iraqi state, stressing that “there is no fear on salaries for the existence of a financial surplus of simple Iraqi oil sales. ” The parliamentary Finance Committee has, in the February 24, 2014, the assets of the Development Fund for Iraq, DFI current amounting to six billion dollars just is not enough to pay the employees ‘salaries for the month of March, and suggested that the government will have to borrow from the central bank to pay employees’ salaries for the month of March. Noteworthy that the two committees the parliamentary financial and economic, have called, in (12 February), to deal seriously with the warnings of the International Monetary Fund on increased government spending, and its implications for monetary reserves, while showed the Finance Committee that the government is “threatened with bankruptcy” within four months if you do not pass the budget , saw the economic counterpart, estimates that the budget “did not take” into account the regional and global developments, and it prepared about “hazy and unclear” and was a “mere allocations”, warning of prejudice Iraq’s financial reserves of hard currency.
almadapaper. net

    abundantlyblessed wrote on April 19th, 2014, 12:10 am:…the CBI told us in an article last year they would…     …I would be very interested in your opinion… do you trust the CBI to do what they said a year ago they would do in the next 42 days? Blessings to you Memphis!

Post by Memphis » April 19th, 2014,    hmmmm :thnk:  As to trusting a central banker?

If I were at lunch with the man hearing of his plans for the very next hour I would not make decisions based on it. My post (Dec2013?) of their own admission to “withhold market sensitive information” ought to be mentioned here.
~~~

  This is the type of fundamental truth thru which we should filter all that we see and hear.

It’s important tho to add, I do believe they have shared things of value along the way. Therein lays the great challenge that we have faced, to discern the difference.

Next, one of my greatest frustrations for 3yrs now has been the dinar world’s propensity to latch onto a soon coming event and make it justification (evidence).

We seem to open our calendar and look to the next month not in the lines of critical thinking but perhaps more of a type of desperation.

note: not stepping on anyone in particular, this is a general statement. :thug:

“it must RV prior to such and such conference for SURELY Shabibbi (now Turki) would never attend with (you guessed it) ….toilet paper for currency.”

Tho I should have climbed this soapbox long ago, my point is that HAD WE discerned those things of value and held them close while letting all else simply fall to the floor we would have each progressed in our discernment and ability to think critically with the side benefit from less irrational exuberance and that being less….disappointment.

I cringe at what some people choose to hold on to. Notice I did not say “pick up” as I pick up nearly everything and yet only carry with me a light load. Tho my tone has been more subtle in times past, I have consistently encouraged this practice publicly in my posts and on CC’s for a LONG time for this has troubled me from day #1.

Nova and I discuss those things that we have gathered only if some question exists as to it’s worth. All else is dropped without a word being exchanged.

 A recent example: We watch the closing of gold markets for four (4) days with interest but make no claims regarding it as THAT would be unfounded such that IF it were found out to truly be of value we would only know this after the event.

A more far off thought: In November I pitched a thought to Nova that we might have a “back wall” date in May2014 IF Maliki is being shut out of politics.

He suggested I post this (in jest) knowing that I would be stoned to death. Only now that we are in that month can I safely even share such “dinar heresy”. :thug:

I am also L@@King with much interest for global news that seems “misplaced” or out of the expected. An American registered Challenger60 on the tarmac in Iran? Seems worth holding on to that one, at least for now. Hope this all makes sense…

Now that I have framed my “perspective”, let’s L@@K at your countdown scenario some…

fact: the CBI and other Iraqi gov’t voices have consistently thrown out dates that are always moving and isn’t it odd that as one such date approaches? Another get’s thrown into the mix and perhaps one more for good measure. Until recently tho…

The volume of such verbiage has dropped off to such a trickle I cannot recall their last such “campaign”.

And to support Frank’s thinking here, yes there has been a convergence (subtle? yes but still there) towards May/June 2014. I am told to pay attention to this….   ….and so I am….

Two weeks ago I broke form and laid out a riddle:

Post by Memphis » April 2nd, 2014, 8:52 am • [Post 209]

a thought, when we read that Iraq will do a thing in the 1st of the year what does that mean? If we were placed at the edge of a forest and asked “how far can you walk into the forest?” we would reflect on the task and then have many differing answers true? “5miles”, “10miles”, “until I get tired”, etc…
 
If you placed (for example) a Jew and asked him the same question? His quick response would be:    “Half way.”

If you can answer this riddle then you’ll get my meaning.  Blessings, Memphis

hint: the western mind works differently than eastern.

Many folks caught the point here that until July, we are in the 1st of 2014 and yes I see many many things that support this season. I will not give my personal expectations here publicly (or otherwise) other than the following, a glimpse into my thinking:

My considered opinion based on ALL that I know? Xena could likely strike 10days off her count. Just an opinion from just one member. I fully respect the thoughts of any who may differ. :handshake2:     Blessings, Memphis