DUBAI, Nov 24, (RTRS): The Kuwaiti dinar fell sharply against the US dollar in the forward market on Tuesday, to levels last seen in 2009, reflecting a …
Parliament responded to the President of the Central Bank: long-revealed official documents and are not state secrets
BAGHDAD / long-Presse
Parliamentary Finance Committee confirmed, Tuesday, that the late files, Ahmad Chalabi, published by the (range), and the documents, "an official non-confidential and not secrets of war or intelligence," indicating that it is currently pursuing of the judiciary and the Integrity Commission.
While Financial experts count that "indifference" body Integrity forced (range) for the detection of those documents under the right guaranteed by the Constitution and international conventions, warning of a return to the police procedures that were used by Saddam’s regime for withholding information and facts about public opinion.
The head of the Committee Faleh in force, in an interview to the (long-Presse), said that "The late MP Ahmad Chalabi, he received the documents published by the Foundation range of information, culture, arts, and other official capacity which, as head of the parliamentary finance committee, not an ordinary citizen," adding that the "documents official documents came from the Central Bank of Iraq itself, nor is it a secret or secrets warship or intelligence might lead to damage the reputation of the country as remittances to banks Iraqi cooperation with other banks." Sarees and added that those "documents are in the possession of investigators in the judiciary and the Integrity Commission," returned to "what the Governor of the Central Bank on the confidentiality of those documents lacks accuracy, and that the audit is continuing on them and on the auction currency sale by the highest regulatory organization in the country which is the House of Representatives, about contributing to preserving the reputation of the central bank itself.
"The governor of the Central Bank on the Keywords, said in a news conference attended (range Press) in (November 22, 2015) that "the central bank had hoped to be files that were published for the late Ahmad Chalabi secret because they are issues related to money laundering and hurt published in cooperation with other countries," speaking of "the existence of memorandums of understanding signed with some countries not to publish these documents until fully verified
details p. 5
ALREADY BLESSED :THINGS ARE STILL LOOKING AWESOME AND GETTING AWESOMER :)
YES…BROKERAGE HOUSES ARE STILL A GREAT TOOL….BUT YOU NEED A TOOL BOX WITH LOTS OF TOOLS
DIVERSIFY ~ DIVERSIFY ~ DIVERSIFY ~~~~~ USE MULTIPLE LOCATIONS AND TYPES OF PLACES TO STORE YOUR $$$$$ THERE ARE MANY GOOD BROKERAGES…BUT REMEMBER THAT THEY ARE STILL CONNECTED TO BANKS ETC….
REMEMBER CDARS, (USUALLY SMALLER BANKS) AND CREDIT UNIONS AND YOUR OWN LOCAL BANKS…. SPREAD IT OUT….AND TAKE YOUR TIME….
NO RUSH TO INVEST….WAIT AND SEE HOW THE ECONOMY REACTS AND GIVE IT PLENTY OF TIME….ALL OF THESE THINGS HAVE BEEN ON OUR CALLS
THEY WILL ALSO HAVE A 100,000 DINAR NOTE AS THEY BACK IN VALUE THE CURRENCY SERIES THEY HAVE NEW WITH KURDISH PRINT AND THIS IS ALSO PART OF THE REMOVAL OF THE THREE ZERO CURRENCY PROCESS.
Iko Ward : So Forex polled another .3 in our favor, no longer reverting to the CBI rate (1166). So at 1082.5 we are now seeing the rate stay below 1085 for the past several days. Remember, it’s the trend we are watching, not the actual rate.
Iko Ward: Remember what Tony said about the banks wanting long weekends so the markets have time to adjust. Well, tomorrow at 6PM until Monday at 9AM is one nice, long weekend. We file through the banks and the mainstream doesn’t know squat until Monday.
Luvwolfs: Iko I was thinking same thing..I will trade a turkey for a transaction anyday :)
Doetracker: Iko. I thought we would not see this till the lower denoms out Per tony
Iko Ward: Doetracker…that is part of the plan, yes.
Goodbyeboss: ld’s should be out within 24 hrs.
Iko Ward: I would say we can now predict when there will be a serious attempt, what we don’t know is if everyone who said they we’re on board truly is until the magic moment. I’m getting intel the banks wanted to stretch until the very end to maximize side deals and position. That would speak to the “excuse”? they gave for last weekend. They are now out of time. Even they cannot afford the fallout should this go past the 30th and the IMF declaration of China as a new reserve currency..
TheEyeGuy: iko, ae we shooting for something other than 1090 ? is there a new target?
Iko Ward: Eye guy, looking for two things now…not going above 1085 or a deep stab into lower territory.
Mountain Mole: A term Okie used last night was “in the last portion” of the year the RV would occur. We don’t have much time from now to the end of the year. If a pie were divided into 12 portions I would call the last piece of pie taken last portion. I just made myself hungry for a piece of cherry pie. We have to be there.
Mountain Mole: I love the story of a captain on a sailing ship about to be attacked by pirates. He asked his mate to get his red coat if he was stabbed and started bleeding his men wouldn’t notice and they would keep fighting. The mate said I’m going to go put my brown pants on. I’m wearing brown pants to the bank
Isa52bc: We were never promised an end date. We all got in because we believed that someday this investment would pay off. We must remember that someday it will become the biggest payout in the history of the world. Remain positive, patient, and expectant.
Rrrr: Here we are together at another Thanksgiving…as I surmise the moment, I find myself torn between two scenarios… one is real, that is the adventures I have shared with all of you!.. The other is still a dream; the dream that has brought us all together and always will until our dream becomes reality. The Lessons learned here are abundant… the memories we’ve endured through this RV, will in our hearts, forever be protected. As we approach our dream, let us give THANKS…. And always be GIVING.
[xyz] Urgent Cabinet approves 2016 budget amendment http://translate.google.com/translate?depth=1&hl=en&rurl=translaom&sl=ar&tl=en&u=http://www.alliraqnews.com/modules/news/article.php%3Fstorytopic%3D41%26storyid%3D22150
wmawhite …”lift the zeros”, “removal of the zeros” is in reference to the large notes that the Iraqi have grown up with.
These statements have nothing…”ZERO” to do with the eventual value that the IQD will have…
Instead, it is a use of words to convene to the Iraqi citizen that the large notes will eventual go no longer needed in the market place.
Millionday Article quote: “…the class »50« thousand dinars normal procedure intended to restructure the national currency…”
THE 50,000 NOTE IS TO BACK UP THE RELEASE OF THE RESTRUCTURED NATIONAL CURRENCY. THIS IS NOT ABNORMAL IN MANY COUNTRIES AS THEY USE THEM TO BACK THEIR CURRENCY VALUE AND THEY WONT BE IN CIRCULATION.
IN THE PAST IRAQ DID NOT HAVE HARD BACKED CURRENCY — THE NEW CURRENCY WILL BE BACKED UP BY US STOCKS — CASH OR GOLD.
WHEN A COUNTRY`S CURRENCY IS HARD BACKED AND PART OF THAT IS CASH RESERVES — IT IS CHEAPER TO PRINT LARGE DENOMS IN THE SERIES INSTEAD OF PAYING TO HAVE LARGE AMOUNTS OF LOW DENOMINATION BILLS.
THEY HAVE LARGE DENOMINATIONS NOW BUT THEY DO NOT HAVE THE SECURITY THAT THE NEW BILLS HAVE — THIS WILL PREVENT COUNTERFEITING AND COMPLETE THE DINAR STRUCTURE.
THEY WILL ALSO HAVE A 100,000 DINAR NOTE AS THEY BACK IN VALUE THE CURRENCY SERIES THEY HAVE NEW WITH KURDISH PRINT AND THIS IS ALSO PART OF THE REMOVAL OF THE THREE ZERO CURRENCY PROCESS.
IMO…. Right now this is a “bank” event worldwide. IMO The financial world is going to be shocked on 11/30!! For more than one reason. Hint hint.
I see everyone focused on the forex, and I’m going to play devils advocate and say the rate may not show publically till the 30th, and that on Dec 2nd it will be 48 hr window for Iranian rial.
According to info I have received….Remember we are PRIVATE NOT PUBLIC ….The rates are being reported as “ great” and at this point why wait would we wait to exchange. (in case the rates go higher?)
The 30th is Monday and if you want to wait, it’s your choice but I personally want to get in and out as fast as I can.
IMO Come the 30th everyone will know. Also, in the info I received, was the possibility of 2 sets of 800# for those who missed the first.
Also right now we are in a Tuesday -Wednesday -Thursday scenario and let’s not forget Thursday this week! It may be our holiday but it is also a good time to reflect on our roots and for family to come together.
Chart: How to read the greenback’s moves
The financial world is going to wake up one morning and realize that hedging bets like in Vegas doesn’t fly anymore.
We are hearing The USD is not going to maintain it’s solid 1:1 value out of the country.
The value will float like the euro and If we are not careful it will drop in the US as it is already costing more for items due to inflationary value.
It is time to knock it down but not at the expense of the common person like you or me. IMO
DELTA: URGENT FROM IRAQIA TV: Central Bank postponed the launch of the 50000 until next year !!! FAMILY WE ARE TRYING TO GET YOU MORE INFO ..
JustinandDeb: Delta, Does this mean that they have removed enough of the 25,000’s from the citizens hence the delay? Thank you,
Aggiedad77: Hi J&D…..We are thinking alike today it seems….makes you wonder what they might be up to…..but I sense something beneficial
like a friend send me a few weeks ago:
Maliki: Yo Alak….Abadis trying to RV…our Iranian handlers said we need to do something. Any ideas?
Alak: Hmmmm suppose I release a big 50k note…that’ll slow him down boss…..
Maliki: Make it so..
Alak and Maliki must be running out of their bag of tricks…citizens aren’t stupid..and today we’re seeing Maliki on the ropes and Alak been defending himself for the past two weeks and now we see this announcement…Interesting to say the least!
All IMO of course…..Time is running out..jig is seems to be almost up for Maliki/Alak and his goonz!
Aggiedad77: Well stated dnari…..and funny at the same time
….Makes you shake your head for sure
DELTA: Central Bank «postponed» the launch of the «50,000» until next year
Central bank of Iraq is heading to postpone the launch of the 50th class thousand dinars for reasons organizational according to informed sources.
The central bank announced earlier this month issued a new banknote category fifty thousand dinars, attributing this to the completion of the Iraqi banknotes structure and the development of high-class value in the trading.
and told Informed sources from within the central bank correspondent “the world”, said on Monday that “the central bank for the release of a class of 50 thousand dinars until early next year for special reasons the process of issuing new currency in the local market organization.”
The sources added, that “the central had intended his staff the distribution of salaries for this month in the new currency, but the wait the decision came as a surprise to prevent that.
“The effects of the announcement of the new monetary Category sensation in economic circles, as counted specialists in financial affairs gateway to the heights chronic inflation and the beginning of a great weakness in the local currency value , while others say it will contribute to facilitating business transactions and pave the way for the process of deleting the zeros and the withdrawal of the small coins.
The governor of the Central Bank on the Keywords during a press conference yesterday that “the Central Bank is facing different pressures.”
Keywords and added that “print currency fifty thousand dinars do not lead to inflation or raise prices, “pointing out that” the currency came against the currencies damaged that it was printed as well as to respond to the requests of the Iraqis in terms of trading and transfer money the fact that the recent currency category 25 thousand low compared to the existing monetary mass. ” Link
Purifiers: Thanks Delta……..I Especially like the last sentence:
…the recent currency category 25 thousand low compared to the existing
Frank26: BRILLIANT AND BEAUTIFUL KTFA Family.. this morning Delta brought information from the CBI.
Within the next three hours we will be able to determine who within the CBI postponed the 50k distribution.
We have been guiding you to an RI in the month of December and an RV into 2016…….. NOTHING has changed.
Yesterday on your Monday CC I said I will not talk for the rest of this week…..now you see why.
IMO the Internet is going to say much about this postponement and I wish to be silent until next Monday’s CC.
IMO…..after next Monday’s CC the Internet will understand our studies much better…..and you KTFA Family will have a crystal clear understanding.
” in the last week of a month ……. M uses his DIABETES as an excuse to seek SANCTUARY in a HOSPITAL to hide from legality.” It’s ok ………… We let him.
Walkingstick: Maliki tomorrow in Tehran for treatment
BAGHDAD / Obelisk: Nuri al-Maliki’s office announced Tuesday that the latter will travel tomorrow to the Iranian capital Tehran for the purpose of treatment.
The office said in a statement that ‘Nuri al-Maliki will travel on Wednesday to the Iranian capital Tehran to visit therapeutic’.
He added that the Office ‘Maliki’s visit will continue for several days. “
The last visit to Nuri al-Maliki was in Iran last August, where he met with Iranian officials and discussed with them the latest security and political developments in Iraq and the region.
Aggiedad77: IMO…..be very careful where you allow this “sick” man to go..(see article below) ..especially outside the country…..especially in the direction of Iran…..his allies are solidly Iranian….he is a puppet of theirs…..
If it were me…..I would shut the door on his passport and abilities to travel….unless he wants to turn himself in to the proper Iraqi authorities….this is the squalling of a hunted man…..this is the screaming of a guilty party…..who does not want to even think about cell bars…..or a noose….and will go to great lengths….and all costs to keep himself free…..
Beware the head of the snake remains poisonous even after it has been removed.
Walkingstick: Leaking very dangerous .. Maliki threatens the clergy and members of religious authorities who were involved major corruption files (Details)
24-11-2015 08:00 PM
returned Maliki again to call his threats to expose the clerics and the sons of the terms of reference involved the files of a major corruption in his tenure and so far, especially in the energy file and tours of licenses in particular.
According to a source close to al-Maliki said last During a meeting gathered with some of the leaders of the ruling Dawa party, may threatened to expose all of Mohammad Reza Sistani and his arms Abdul Mahdi al-Karbalai, Ahmad Safi involvement files of a major corruption in the oil licensing rounds and management of holy sites and Asthawwazhm file on the billions of dollars through these suspicious transactions.
The source added, that these threats came in response to information al-Maliki has received the determination Sistani and his son Mohammad Reza and his arms and net Karbalai and their representative in the Iraqi government Hussain al-Shahristani, to get rid of al-Maliki through his death or his trial.
The source confirmed, that al-Maliki has documents enough to condemn this corrupt episode, which controls the Ministry of Oil and electricity and management of the holy sites, where he owns Copies of the recordings of phone calls, video clips and documents reveal the bank accounts of some numbers (outside Iraq) and how much money received by each of these names.
It is said that this is not the first time the so-called al-Maliki in which such a threat, it has launched similar threats in the past in August When released report of the Special investigate the fall of Mosul parliamentary committee, where al-Maliki said, during a meeting with a number of leaders of the Dawa and the State of Law coalition party, after his return from Tehran, ‘It’s now an appointment to show those documents, files, and with God’s help Sakeshvha all of us’.
He said,’ my possession You Sodaha However, the elimination of the eight years that I’ve been prime minister and Saalnha before the courts and pay their perpetrators from the masters and sheikhs and the sons of references and Shiite and Sunni officials to the courts to Eachdhu fair reward.
– See more at: http://www.ikhnews.com/index.php?page=a … Xg24v.dpuf
November 24, 2015 Santiago, Chile
Negative Interest Rates To Hit The US
It started in 1921.
World War I was over. The Treaty of Versailles had been signed two years before.
And Germany, the biggest loser from the war, had been stuck with both the blame and the bill.
Germany’s war debt– which it owed not only for its own war-related expenses, but also for reparations to the victors– was devastating.
They didn’t have the money, so they started printing it.
One of my favorite stories from this period, was of the elderly man who went to the police to report a robbery. Thieves had stolen a wheelbarrow of money.
It was common at the time to use wheelbarrows to transport the huge sums of cash that were required to buy even the most simple things like bread and milk.
When the police asked him how much was in the wheelbarrow, the man corrected them saying that the thieves had only stolen the wheelbarrow, and had left the cash behind.
Undoubtedly the entire society was upturned by this hyperinflation. But as history shows, in any situation, there are always winners and losers.
Pensioners and people who responsibly saved their money were wiped out; whereas people who had borrowed to invest in real assets did extremely well.
Owners of residential real estate suffered under government imposed rent controls, whereas owners of farmland thrived.
For people who saw the decline of the mark coming and bet against it, generational fortunes were made in a matter of years.
In the case of Germany in the 1920s, few people probably expected that hyperinflation would ensue.
Even the president of their central bank, Dr. Rudolf Havenstein, firmly believed that there was zero connection between price levels and the amount of money he printed.
Yet it happened, and those who saw the warning signs and took steps to reduce their risk did very well.
Today there is no shortage of risk in the financial system either.
Negative interest rates are becoming more and more common in developed nations and they’re on their way to America as well.
Every time there’s a recession, the government cuts interest rates by easily half a percent to a percent.
So with interest rates already at zero, when the next recession comes (and it absolutely will), you can expect interest rates to go negative.
Meanwhile, Western banking systems are highly illiquid, meaning that they have very low cash equivalents as a percentage of customer deposits.
This isn’t some wild conspiracy theory. You can see it for yourself in the financial statements banks publish every quarter.
Solvency in many Western banking systems is also highly questionable, with many loaded up on the debts of their bankrupt governments.
Banks also play clever accounting games to hide the true nature of their capital inadequacy.
We live in a world where questionably solvent, highly illiquid banks are backed by under capitalized insurance funds like the FDIC, which in turn are backed by insolvent governments and borderline insolvent central banks.
This is hardly a risk-free proposition.
Yet your reward for taking the risk of holding your money in a precarious banking system is a rate of return that is substantially lower than the official rate of inflation.
And in many cases, it’s even negative. Rates are already negative in Europe, and again, it’s coming to the US. Either way, you’re guaranteed to lose money.
Risk is a funny thing. The reason why it’s so frequently misdiagnosed is because there’s often a huge discrepancy between the actual risk and the perceived risk.
You can see that very clearly with banking.
People perceive the risk in their banking system to be zero.
And while I’m not suggesting that there is some imminent collapse, the data clearly indicate that the actual risk is significant.
Given the meager and even negative interest rates, the risk-reward ratio just doesn’t add up.
To address different types of risk in the system, I see four main solutions:
One is to hold physical cash, enabling you to effectively be your own private banker and giving you an excellent short-term hedge against risks in your domestic banking system.
Another option is to establish a foreign bank account in a jurisdiction where banks are liquid, well-capitalized, and backed by a government with minimal debt.
It’s hard to imagine you’d be worse off for having a portion of your savings in a safe, stable, debt-free jurisdiction.
Then there’s gold and silver, which are excellent long-term hedges, not only against risks in the banking system, but the monetary system at large.
Last but not least, it is 2015, and I would be negligent if I didn’t mention cryptocurrency as a viable option to hedge risk in both the banking and financial system.
Today’s podcast below goes into comprehensive detail about these risks and their solutions. I invite you to listen in here.
Simon Black Founder, SovereignMan.com
These articles come from some very close friends of mine and wanted me to share.
If you recall, Ray and I have shared our comments for months about no changes until ISIS is under control. These articles back that up 100% and makes our sources in Iraq some of the best credible sources anyone can have.
Pack your bags and get ready.
This is so “IN our faces”.
The IMF has told the world that they expect Iraq to re-enter the “market” before the first half of 2016.
Now we have a member of the Parliamentary Finance Committee while speaking about future revenue happen to say “oh, by the way the 1, 5, 10, 20 and 100 IQD notes are going to be distributed during 2016.”
It certainly appears to me that they (Iraq, CBI, GOI) intend to change the value of the IQD…I believe, unlike previous years, and I have never liked dates, but in this case the window of opportunity starts January 1, 2016.
Financial Parliament (time): next year the economic situation will not be different from the current – November 21, 2015 Private Bankers Association warns of cash crunch Financial Parliament (time): next year the economic situation will not be different from the current BAGHDAD –
Tamara Abdul RazakParliamentary Finance Committee predicted not different economic situation for the next year for this, while the private banks association confirmed the possibility of financial distress traffic with low oil prices and increased government spending.
Said committee member Mohammed Abdul Khaliq (time) yesterday that (the 2016 is no different from 2015 in the budget situation, there may be a slight difference industrial and agricultural loans in addition to projects that pay on credit and has also been a mechanism in place for private sector companies to contract and labor).
He (there is not an economic crisis but a cash crisis due to low oil prices and the solutions lie in unpaid loans from the central bank as well as the payment term loans in addition to the issuance of the investment law in Iraq). He said that Abdul-Khaliq (the new currency trading category 50 000 dinars, where specifications are difficult to falsify being printed at a global and specialized companies As for the issuance of class 100 000 dinars premature Valammer).
Stressing that (based on the dinar exchange rate, particularly that protected reserve role to maintain the exchange rate and the purchasing power in this case is not affected because there is a very large reserve).
Adding that (the dinar exchange rate against the dollar will not be a change if the central bank continued to provide the need of dollar traders and those who need these currency). He pointed out that (deletion of zeros from the dinar was discussed a meeting held at the central bank and this decision may exhibit some of the negatives and deferred for the time being).
The director of the Association of private banks Ali Tariq (time) yesterday (next year will see significant financial hardship and fall in oil prices will increase government expenditures), he said (there are certain things several State followed to avoid economic disaster which reduce government expenditures
and the expansion of the collection of customs and tax any obtained from eligible and not raise their value since there are more than 50 percent of the traders do not pay customs duty and tax for one reason or another as well as providing appropriate) investment environment.
He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).
He pointed out that (the dinar exchange rate stable against the dollar and the value of 1220 dinars to the dollar will be stable throughout the year). The economic expert contrary goldsmith said (time) yesterday (thousand new dinars, the 50 category which was approved reprinted contribute significantly to ease circulated and traded between traders and shoppers as well as they constitute facilitate financial transactions in economic activity within the market process).
He pointed out that (the decision to issue currency not related to the process or raise the value of the dinar plan, because raising the value depends on the increased economic activity of the country and domestic production multi-species in all sectors.
When it increased the country’s activity and production increased value of the dinar worldwide). He added that the (main objective of issuing currency to facilitate daily transactions, especially that the country does not have the significant digits in the dinar).
He explained that (the authorities concerned to do the decision to delete the zeros and it contributes significantly to the process of reading the amounts documented in the financial accounts and in particular it aims to facilitate this process).
Parliamentary Economy: delete the zeros need a safe environment and next year will see the issuance of a class of 100 thousand dinars BAGHDAD / Ali Al-Shammari
11/22/2015 A commission parliamentary economy, on Saturday, for the issuance of class 100 000 dinars cash currency early next year in order to market need to handle them, pointing out that legal action properly and in conformity with the laws of the central bank, while stressing specialists in economic affairs that the issuance of the big currencies, whether of class 50 100 000 dinars, or is part of a large project to restructure the Iraqi currency.
Said committee member economy parliamentary Najiba Najib said in an interview to the “long” that there is a tendency to issue small groups also categories of 50 and 100 dinars.
And for the project to delete the zeros confirmed Najib said “the Iraqi Central Bank completed the previously all preparations for the project, indicating that it” has been postponed because of the situation security is stable “in what it said that” the application of the project to delete the zeros needs to assign by the government and parliament to make it a success after the stabilization of the situation in the country because the ground current is suitable for the implementation of such a project.
“said Najib that” the subject of deletion of zeros is linked to the security situation closely because it will include all operating in the country banks to receive the old currency and replaced by the new and the old collection and destruction of pointing out the difficulty of the success of that process in the provinces experiencing control Daash parts of them.
“The central bank announced in the (November 11, 2015) for issuing new cash paper category 50 thousand dinars, attributing this to the completion of the Iraqi Securities monetary structure and the development of high-class value in circulation.
For his part, counting the economic expert on behalf of Anton in an interview with the “long” that the decision to delete the zeros of the Iraqi currency requires a political and security are conditions stable, stressing that “the change the Central Bank of Iraq administration caused the postponement of this project, “said Anton that” the issuance of large denominations will reduce trading in foreign currency and facilitate the transfer of large sums of money from one place to another process.
“He explained that” the current currency consumed much of it because of dealing directly without relying Visa card, as in most countries and that a large currency will facilitate banks and companies work and reduces the number of Trustees of the Fund in.
“He called Antoine” the central bank to explain the cause of the issuance of the large cash currency through educational seminars to prevent cases of concern in the Iraqi market and the fear of issuance Because of the weakness of the culture of this topic “, stressing that” the currency and medium of exchange nor a target and weaknesses and strength are linked to the country’s economy.
“said the governor of the bank on the Keywords in the (3 March 2015) that the project to delete the zeros existing project has been put into practice and that gave light Green to start with, “he said.” The project needs a period of time may extend to two years or more. “
Stevel: You all have a very safe holiday and we will update you as we learn more.
This info is just huge. These also assure me that yes, the time has come and start preparing for our lives to change. Blessings until our next update. Steve
BAGHDAD / … considered the economic expert on behalf of Jamil Antoine, on Monday, the central bank rejected a proposal to the employees’ salaries or part of the distribution of the dollar as a “correct decision”, among that raise the value of the Iraqi dinar against the dollar needs to be other economic steps
TheWoods: Thanks for asking me to elaborate on my opinion, sorry about the delay, Anyway… I’m saying that the CBI is right. The dinar will NOT go up in value, if they disperse salaries in dollars. Iraqi’s prefer dollars now, and they are trying to get away from that.
Not to mention, to be “sovereign” they can’t use (WB or IMF guidelines, i forget which one) dual currencies, except for oil & remittances, if they are to be a part of that/those organizations… And the “Other steps” they speak of, we all know what they should & will Be – Lord willing! imho :o not so humble huh???
“we have a national currency and the distribution of the dollar affects the sovereignty of the country and will create many distortions in the market and will face accountants, bankers have great difficulty Regardless salaries. “
Stevel: This is a very good thing. We all want Iraq to use their own currency. If they switch to the USD, then we would have some or many concerns.
The people are sick and tired of hearing about how great their currency is going to be but yet still nothing is done about it, yet! I love the yet. The yet is next. Have a safe Thanksgiving and enjoy your travels. Blessings, Steve
News With Links & Discussion
Wealthwatch Tuesday Chat 11-24-15
chattels: the decision to delete the zeros of the Iraqi currency requires a political and security are conditions stable
chattels: ” The project needs a period of time may extend to two years or more. “
chattels: ” the decision to delete the zeros of the Iraqi currency requires a political and security are conditions stable”
chattels: ” the decision to delete the zeros of the Iraqi currency requires a political and security are conditions stable”
chattels: ” the decision to delete the zeros of the Iraqi currency requires a political and security are conditions stable”
Stash: So thats that for a while yet Stash: :(
TxBrand: I think they are behind.. how could they have anymore security ?
TxBrand: almost every country is pounding IsIs right ?
OOTW: I’VE BEEN BUSY WITH FAMILY OBLIGATIONS -MY APOLOGIES – HERE ARE TWO GOOD ASPECTS FROM THE BUDGET PROPOSAL/LEGISLATION RELEASED FROM THE PARLIAMENT SITE – 25.
Implementation of the customs tariff law and the allocation of part of the customs duties and tax revenues in the rehabilitation of ports and the development of cadres through investment.
OOTW: HERES THE OTHER
OOTW: Second – The government confirmed in its program of government for the years 2014 –2018 for its support to the private sector and encourage and protect it and the need to move the Iraqi economy from mono economy source to a diversified economy in which the private sector plays an important role in advancing the progress and development .
ala that the federal budget for the year 2016 free from any application on the ground, the private sector and after (12) years of the fall of the former regime and after the implementation of previous budgets, there is still a sector away from coping with the development and lacks the administrative and technical skills and to sufficient funds and expertise accumulated capital,
so the government does not promote productive economic sectors not achieve the desired economic development, so the state support of the private sector, practically and effectively, and this is done through the following: – – activate the protection of the national product to compete with foreign goods and approved by the House of Representatives laws, particularly the customs tariff law No. (22) for the year 2010.
OOTW: WHEN THE BUDGET LAW IS PASSED, EVERY ASPECT OF LEGISLATION WITHIN IT BECOMES A LAW
OOTW: ONCE IT IS PASSED IF ANYONE WANTS TO CHALLENGE THIS THEN THEY HAVE TO TAKE IT TO COURT
OOTW: TO GET THE “LAW” WITHIN THE BUDGET, OVERTURNED OOTW: wealthwatch.world/showthr…
texas: ‹@OOTW› so glad we get to see some positive in here
chattels: ‹@texas› bring it
chattels: Disputed Territories of Iraq, Interview With US Naval Academy Prof Wayne Hsieh On Tuz Kharmato
chattels: ” ……. recent events have highlighted sharp tensions between Peshmerga and Hashd leaders. My understanding is also that the tensions between local Kurds and Hashd have run so high that early interventions by the Iranian Revolutionary Guard Corps to broker a truce actually failed before things finally quieted down, despite the strong ties between Iran and the PUK.
I’ll defer to folks like Mike Knights and the Iraqi Oil Report, who have more current sources in the area, as to the exact details of the fighting there, but from my standpoint, this is just another sign of how what used to be a reasonably hopeful situation in Tuz has collapsed in so many ways.”
chattels: If Tuz is a microcosm of Iraq, or at least of the ethnically diverse and disputed regions in the north, then it’s current chaotic state shows the challenges faced by other such areas once they are “cleared” of ISIS forces. chattels: wealthwatch.world/showthr…
chattels: Iraq federal supreme court says it postpones decision of constitutionality & legality of sacking VPs until 24 Nov – TOMORROW !
chattels: KRG delegation to visit Baghdad next ( current ) week Date: 2015/11/19 wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=2998
chattels: 11-23-2015 Intel Guru Okie_Oil_Man [via Joshua & Lealoha] [Is there anything else that has to go through the Gazette before we see the RV?] It’s my understanding the three postings necessary to bring this to fruition have all been made.
SUMMARY: OKIE SAYS HE HAS BEEN QUIET BECAUSE HE WAS TOLD THIS WOULD NOT HAPPEN UNTIL THE LATER PART OF THE YEAR – HE IS COMFORTABLE TO SPEAK NOW – WE ARE ON THE CUSP…believes RV imminent!
chattels: three postings ???????????
chattels: 11-23-2015 Newshound Guru ” XXXX ” THE ACTUAL FULL OF POWER GOVERNOR OF CBI HAS ORDERED ALL MONETARY POLICIES — REFORMS CHANGES — DOCUMENTS — PLANS THEY HAVE WORKED ON FOR THE NEW IRAQ AND PROCEDURES TO ALL BE ACTIVATED. THIS IS WHAT WE HAVE BEEN WAITING FOR. THEY ARE MOVING FORWARD AND FORMAL ORDER HAS ACTUALLY BEEN GIVEN BY CBI GOVERNOR. THIS IS VERY EXCITING — WHOOOPOW.
chattels: link ?
OOTW: BUTIFLDRM AND SCZIN11 POSTED ARTICLES STATING THAT THE RESTRUCTURING OF THE RAFIDAIN AND RASHEED IS UNDERWAY
OOTW: ‹@chattels› ‹@chattels› ‹@chattels› :) THIS IS A GREAT SIGN AND SOMETHING THE IMF HAS WANTED FOR A WHILE
OOTW: BUTIFLDRM HAS A GREAT POST ON THIS AND WHY IT’S SO GREAT FOR US
OOTW: I ENCOURAGE YOU TO READ IT HERE wealthwatch.world/showthr…
OOTW: THANKS BOBBY HOPE YOU ARE TOO AND THAT YOU SEE THIS
BOBBY: OOTW…….. SEEN IT…. lol. Thanks!
TxBrand: Turkey shot down a Russian plane …ugh
*SCZIN11: Turkey Turkish President is closely watching the incident on the plane to drop Russian-Syrian border
*SCZIN11: Turkish President to meet with Chief of Staff Hulusi Acar Roudao – Erbil Search Turkish President Recep Tayyip Erdogan, with Chief of Staff Hulusi Acar, on Tuesday, dropping military plane incident on the Syrian border after the impenetrable Turkish airspace.
According to Turkish sources, the presidency, which confirmed that the plane shot down by Turkey under the rules of engagement, a Russian aircraft Sukhoi 24, where they were shot down after ignoring warnings, and violation of Turkish airspace at the border with Syria.
Published channel (Haber Turk), a video clip of the moment of the crash, which turned out to be “a mass of fire.” Turkish television reported that the Air Force shot down an unidentified military aircraft penetrated Turkish airspace.
Donnie: Interesting 60 minute story
Donnie: Iraq Live Update Retweeted 60 Minutes @60Minutes 1d1 day ago Lara Logan reports from the battle lines against #ISIS in Iraq cbsn.ws/1I5eK9S
Donnie: Holger Zschaepitz @Schuldensuehner 1h1 hour ago Investors rush into safe haven bonds on geopol risks after Turkey has shot down russian jet. 10y Bund ylds down 3bps
chattels: Official: Shingal needs $100 million before refugees return rudaw.net/english/kurdist… SHINGAL, Kurdistan Region— The head of the Nineveh provincial council says the newly liberated city of Shingal “desperately needs” $100 million to provide basic services such as electricity and healthcare before the possible return of some 400,000 refugees—both Yezidis and Muslims—from the area.
chattels: Maliki heads tomorrow to Iran for the purpose of treatment History of edits:: 2015/11/24 11:38 • 206 visits readable Maliki heads tomorrow to Iran for the purpose of treatment [Baghdad-where] the former vice president Nuri al-Maliki tomorrow heading to Iran.
A statement by his press office received by all of Iraq [where] a copy of it today that “al-Maliki on Wednesday heading to Iran for a visit lasting several therapeutic Ayam.
chattels: TIMING ! ? chattels: decision of constitutionality & legality of sacking VPs ???????
chattels: “The Cabinet approved according to the statement” to amend the draft federal budget for fiscal year 2016 Law sent to the House of Representatives in accordance with the decision of the Council of Ministers No.  for the year 2015 a book series with number 2959, dated 1/11 / 2015 and send the amendment above to the House of Representatives based on the provisions of Articles [61 / I and item 80 / item II of the Constitution. chattels: wealthwatch.world/showthr…
chattels: Charles Lister @Charles_Lister 4h4 hours ago Several #Russia media sources (& Al-Mayadeen) reportedly confirm the jet was Russian – some saying it was MiG-23, not Su-24.
chattels: Currency Auctions Announcement No. (3080) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 24/11/2015 and the results were as follows: DETAILS NOTES Number of banks 26 Number of remittance companies 14 Auction price selling dinar / US$ 1166 Auction price buying dinar / US$ —– Amount sold at auction price (US$) 219,042,755 Amount purchased at Auction price (US$) —– Total offers for buying (US$) 219,042,755 Total offers for selling (US$) —–
chattels: 3080 ……………. 24-Nov ………….. 1,210
chattels: . 1,210
chattels: . 1,210
chattels: . 1,210
chattels: Haider Al-Abadi Prime Minister Dr. Haider Abadi praises victories she earned Iraqi forces in various cutters operations and secured Salahuddin and Peggy Al-Kabeer and progress towards the city of Ramadi, to release it from the terrorist Daash gangs in the near future, God willing.
This came during preside over the sovereignty Tuesday regular session forty-fifth meeting of the Board Minister
chattels: ” ………. progress towards the city of Ramadi, to release it from the terrorist Daash gangs in the near future, God willing.”
chattels: Deputy for the National warns of circumventing the reform of laws and calls sent to parliament
chattels: “call upon the government to quickly send the reform bills to parliament, for the purpose of legislation for fear of get around.”
chattels: ” ……… including the removal and merging ministries, and the appointment of heads of agencies and institutions particularly high instead of the rank of Minister, and the elimination of positions of major Congress of the Republic, ministers and handed the last salary. “
disciple7: I likey
chattels: No approval of reform bills yet, not even sent !
chattels: Abad reform bill THREAD wealthwatch.world/showthr…
chattels: the Bar Association in Basra that said unknown assailants traveling in two wheels have hijacked one of the lawyers in the province.
Donnie: Reidar Visser @reidarvisser 30m30 minutes ago In context of Turkey’s action against Russian jet, worth noting Turkey itself regularly violates Iraqi airspace www.icrc.org/casebook/doc… …
Donnie: raq Live Update @IraqLiveUpdate 15m15 minutes ago As Turkey’s largest Gas supplier, will Russia turn the tap off? #RussianPlane
Donnie: “will Russia turn the tap off? ” interesting question.
Doug_W: Russia needs the $$ so I say NO
Donnie: USA TODAY @USATODAY 2h2 hours ago Russian President Vladimir Putin calls the downing of a #Russianplane by Turkey “a stab in Russia’s back” usat.ly/1jhwUcS
Donnie: ‹@Doug_W› depends on what % of all gas Russia sells is bought by Turkey.
Doug_W: indeed it does
Doug_W: its ALWAYS about the $$
Doug_W: time 4 price is right OR lets make a deal
Donnie: also about showing countries that you don’t want to mess with Russia
Donnie: OK – cya
Doug_W: Putin is a big bully…Karma will eventually get him too
Migrants build society in French camp they call ‘the jungle’
Prime Minister Dr. Haider Abadi calls to strike a balance between Alkmarki system reform and the protection of national product
Mr. Prime Minister, Dr. Haider al-Abadi said that two-thirds of the battle with terrorism, psychological warfare and we withstand it and that life goes on and we win and build the economy and adhere to the national our unity.
He stressed, during his speech at the workshop system reform Alkmarki, that there are serious attempts to reform in all sectors including the agricultural, industrial, and the two need to backup and real support, pointing to the importance to balance Alkmarki system reform and the protection of national product and is not affected commodities for citizen out
and we us the imposition of customs for several reasons, including lack of control over all the ports and in order not to exploit the situation by some to while placing the mechanics are correct.
Information Office of the Prime Minister 2 2 November 2015
The study of the tax system reform in Iraq
11/23/2015 15:14 Workshop deliberative held on reforming the tax system in Iraq in the hospitality Palace in Baghdad, headed by Prime Minister for Economic Affairs D.mzar Mohammed Saleh adviser.
During which he discussed the mechanisms necessary to reform the tax system to improve and diversify the resources of the state,
said Associate Director of the Office of Prime Minister Dr. Nofal Abu Barns desire of the government to diversify the economy, which requires a re-look at the legal frameworks and the restoration of people’s relationship with the state, stressing that the government reforms will continue for long periods to Iraq up economic system varied, and not rely on oil is the president.
He added that Iraq is seeking to expand the tax base and the revival of the principle of citizenship lost because of the circumstances he faced, noting that many countries of the world has shown great support for the success of reforms in Iraq.
For his part, Undersecretary of the US Department of the Treasury Larry McDonald Iraq’s need to reduce its dependence on oil, and the promotion of the private sector, and reduce dependence on external support. He added that the current challenges are no less than it was after the change, and that the activation of taxes in Iraq will be established to address strategic challenges, and the face of the financial crisis.
Discussed the present tax reform successful models in some countries, and vision collective best associated with the development of the tax system in Iraq options.
The workshop was attended to by the Associate Director of the Office of the Prime Minister and Advisor to the Prime Minister for Economic Affairs by the Director General of the General Tax Authority, and Chairman of the Finance Committee and the Committee on Economy and Investment in the House of Representatives, and a gathering of government officials, in addition to the Undersecretary of the US Treasury Department and representatives from the World Bank and foreign experts.
The Cabinet amended the budget to reduce the deficit and the need to support the ministries of the local product [expanded]
The Cabinet approved according to the statement “to amend the draft federal budget for fiscal year 2016 Law sent to the House of Representatives
The Council also agreed “to do all ministries to secure their needs for products and Ministry of Industry and Minerals and other companies in accordance with Article 36 of the federal budget for fiscal year 2015 Act,
and processing of all ministries requests by direct contract with the Ministry of Industry and Minerals and other companies to encourage national product, and the formation of a committee of the Ministry of Planning and stakeholders to evaluate product quality and value-added processing for the local product.
2015 Budget Article 36 is committed to federal ministries, provinces and departments not associated with the Ministry of buying needs of federal ministries products that not less than the value added of these collected and processed products (25%) of the cost of import value added to them and to the local product prices are not higher than the those imported by more than (10%) taking into account the quality specifications and quality.
Adviser to the Prime Minister: we are preparing to launch a genuine reform package
Detection Office of the Prime Minister Haider al-Abadi, on Monday, the existence of other “real” package of reforms, calling on Iraqis to put their differences “small” aside and benefit from international support.
While the President of the Parliamentary Finance Committee said that tax evasion and fraud on earnings and the lack of responsibility towards the nation of the most important challenges facing the tax sector in Iraq
“The reforms begun and will not end and we are on the cusp of another real ones package”, noting that “part of the reforms linked to the social structure and the political system or the financial or economic.”
that ” tax evasion and fraud on earnings and the lack of responsibility towards the nation, of the most important challenges facing the tax sector in Iraq, “noting that” the Finance Committee is working on a reform of the tax system through the amendment of some laws.
that “in the current 2015 fiscal witnessed find new vessels,” and expressed hope that “specialists contribute new proposals to find other tax vessels.
head of the Tax Authority, said during the workshop, “The Tax Authority laws still are old and need to change because some of them do not meet the requirements the current economic situation
Parliamentary Finance: Tax Kartat Shipping mobile will not be canceled in the budget of 2016
“taxes to mobilize mobile cards that were included in the budget in 2015 itself exists and will continue in the next year’s budget in 2016 and will not be canceled ” Smile
Investment: We demanded residential projects in the provinces owners delivered with full services
Said Najiba Najib, in an interview to the (long-Presse) “The amendment of the Investment Law passed by parliament recently includes many facilities for the residential sector, the most important of raising taxes for investors,
you see the theme of the day ? TAXES baby
Turtle13: Alright may not be anything, but my very tight lipped WM emailed my husband and I and in the middle of her email she typed in one line “I will see you guys real soon!”, now you may not think this is much but it spoke volumns to my husband and myself. Since we have an appt with her several weeks from now, we thought that was real odd!! Anyway no haters just a feeling we have, and for my husband to agree with me was huge!!! Have a great day evedryone… Love to all my TNT family!!
Olesailor: I took Okie’s presence to be a grand farewell from a stately Gentleman, any taker’s on that?
OK Rocks: All I know is I felt like we touched the RV when Okie came in last night… what a great way for us to end this final saga… love that man
Haystack: It would be great if all who believe in prayer would offer a special prayer for Okies daughterinlaw. Prayer changes things.
Elmerf123456: Thank you all for who took notes. Okie was only gonna do 15 minutes and stayed almost two hours. What a great guy. Bless TNT. You fortunate to be on OM heard the voice of a legend and in chat thanks to those who transcribed were part of a very rare moment. Happy Thanksgiving to all of you.! TNT Strong.
Lilypad: on Frank26 call last night frank said larger lower denims already out to public in some areas but not all areas. He also referred to smaller lower demons coming out first of January but is expecting early release of Dec 15th
[LAS] on Frank26 call – They are about to do the MR….the banks have been loaded with LD’s….in fact being giving to the citizens now.
FreedomBoomer: Cabinet approves 2016 budget law amendment Link
FreedomBoomer: Maliki going to Tehran for treatment
Maliki in Tehran for treatment Baghdad/Obelisk: Nouri al-Maliki’s Office announced, Tuesday, that the latter will travel tomorrow to the Iranian capital of Tehran for the purpose of treatment. The Office said in a statement that Al-Maliki would travel Wednesday to the Iranian capital of Tehran to visit curative. The Office said that “Maliki’s visit will last for several days.” Link
Fireball92: Get In On The World’s First Graphene IPO
Poppy3 THE TARRIFS WILL NOT EVEN BRING IN ENOUGH MONEY AT THE PRESENT RATE TO PAY THE OVERHEAD COST OF HIRING THE 3000 PLUS PEOPLE AROUND THEIR COUNTRY TO COLLECT IT.
IT IS SURE NO WINDFALL IT IS A EXPENSE UNTIL THE NEW HIGHER RATE IS ANNOUNCED AND IMPLEMENTED.
EXOGEN: The entrance to the Green Zone, which opened for citizens to cross the cars through the area without stopping after 12 years of closure Bugehm Imaging (Mahmoud Raouf)
Dozens demonstrate in front of the Green Zone and demanding reform and accountability spoilers
Author: AB, BS, MJM Editor: AB, BS
11/24/2015 11:37 Long-Presse / Baghdad
Dozens of civilian activists, on Tuesday, in front of the entrance to the Green Zone, the center of the capital, Baghdad, to demand the implementation of reforms and the fight against corrupt, and with accused members of the House of Representatives to “steal people’s money” during the past ten years, criticized the Integrity Commission for not playing an active role in the fight against corruption .
A reporter (range Press), said that dozens of civilians activists demonstrated, this morning, in front of the entrance to the Green Zone near the parliament, the center of Baghdad, to demand the implementation of government reforms and the fight against corruption.
The reporter, said that the demonstrators accused the members of the House of Representatives to “steal people’s money” Over the past ten years, pointing out that the demonstrators criticized the Integrity Commission for “not play an active role in the fight against corruption and to hold the corrupt”.
Dozens of activists flocked, on Tuesday, to protest in front of the entrance to the Green Zone in central Baghdad, to demand the implementation of reforms and the fight against corruption.
Dozens of activists demonstrated in Baghdad, last Tuesday (October 201 517), to protest against the arrest of a number of their colleagues, and demanded their release, and while underlining that security forces beat them, pointed out that such acts will not prevent them from continuing to demonstrate.
The capital Baghdad and 10 Iraqi provinces are (Babylon, Karbala, Najaf, Diwaniyah and Muthanna, Dhi Qar, Wasit, Maysan, Basra and Diyala) is witnessing massive demonstrations since more than a month to condemn the poor services and corruption in government institutions and the judiciary, resulting in many of the reforms announced by the Prime Minister Haider al-Abadi.
JDTolle: Good Morning! Positive Thinking
Jerry was the kind of guy you love to hate. He was always in a good mood and always had something positive to say. When someone would ask him how he was doing, he would reply, “If I were any better, I would be twins!”
He was a unique manager because he had several waiters who had followed him around from restaurant to restaurant. The reason the waiters followed Jerry was because of his attitude. He was a natural motivator. If an employee was having a bad day, Jerry was there telling the employee how to look on the positive side of the situation.
Seeing this style really made me curious, so one day I went up to Jerry and asked him, “I don’t get it! You can’t be a positive person all of the time. How do you do it?” Jerry replied,
“Each morning I wake up and say to myself, Jerry, you have two choices today. You can choose to be in a good mood or you can choose to be in a bad mood.’ I choose to be in a good mood.
Each time something bad happens, I can choose to be a victim or I can choose to learn from it. I choose to learn from it. Every time someone comes to me complaining, I can choose to accept their complaining or I can point out the positive side of life. I choose the positive side of life.”
“Yeah, right, it’s not that easy,” I protested.
“Yes it is,” Jerry said. “Life is all about choices. When you cut away all the junk, every situation is a choice. You choose how you react to situations. You choose how people will affect your mood. You choose to be in a good mood or bad mood. The bottom line: It’s your choice how you live life.”
I reflected on what Jerry said. Soon thereafter, I left the restaurant industry to start my own business. We lost touch, but often thought about him when I made a choice about life instead of reacting to it.
Several years later, I heard that Jerry did something you are never supposed to do in a restaurant business: he left the back door open one morning and was held up at gunpoint by three armed robbers. While trying to open the safe, his hand, shaking from nervousness, slipped off the combination. The robbers panicked and shot him.
Luckily, Jerry was found relatively quickly and rushed to the local trauma center. After 18 hours of surgery and weeks of intensive care, Jerry was released from the hospital with fragments of the bullets still in his body. I saw Jerry about six months after the accident. When I asked him how he was, he replied, “If I were any better, I’d be twins. Wanna see my scars?”
I declined to see his wounds, but did ask him what had gone through his mind as the robbery took place. “The first thing that went through my mind was that I should have locked the back door,” Jerry replied. “Then, as I lay on the floor, I remembered that I had two choices: I could choose to live, or I could choose to die. I chose to live.”
“Weren’t you scared? Did you lose consciousness?” I asked. Jerry continued, “The paramedics were great. They kept telling me I was going to be fine. But when they wheeled me into the emergency room and I saw the expressions on the faces of the doctors and nurses, I got really scared. In their eyes, I read, ‘He’s a dead man.’ I knew I needed to take action.”
“What did you do?” I asked.
“Well, there was a big, burly nurse shouting questions at me,” said Jerry. “She asked if I was allergic to anything. ‘Yes,’ I replied. The doctors and nurses stopped working as they waited for my reply… I took a deep breath and yelled, ‘Bullets!’ Over their laughter, I told them, ‘I am choosing to live. Operate on me as if I am alive, not dead.”
Jerry lived thanks to the skill of his doctors, but also because of his amazing attitude. I learned from him that every day we have the choice to live fully. Attitude, after all, is everything.
By Francie Baltazar-Schwartz Wishing All a safe and blessed day JDT
Frank26: By the way…the Finance Committee tells us that the CBI plans to issue a 1 IQD note in the first half of 2016…..oh yes in the RV state they will come out with 1, the 5, the 10, the 20….not sure if they will have a 50, the might…..they will have currency similar to ours…..but of course they just went through a monetary reform….
I really understand the concept of what you are calling the lower LD’s going into next year versus the higher LD’s they are using now….because they are still into the RI state now….are the citizens using the larger LD’s right now…..well what do you think…..not until the first half of 2016 will they introduce the lower LD’s…..not into 2017.
Please pay attention just now….I won’t be talking again this week.
An RI into an RV or the LD’s from the west to the east.
How long will this take….well some knucklehead economist suggested 2017…..of course not….or we wouldn’t be doing this right now….how does Iraq re-enter the global market…..with security, with the laws, with the neutering of Maliki, Dr. Shabibi moves on with monetary reform 3 and 4, the US backs up this country even stronger….yes we will bow to her….we know our row….we know our position.
So why these other LD’s….the 250’s, the 500’s, the 5,000’s….to walk into the RV from December into January….the key is….when will the citizens use these LD’s….when the value goes up….when it is increased enough to phase out the bigger LD’s they are giving out now…..so the citizens can use the smaller LD’s next year with much more purchasing power….this is their goal and Dr. Shabibi….it is not your goal…your goal is a capital gain.
The USD was also phased out in our industrial revolution in the same manner.
So the first basket says how do you like me now basket number 1 says the IQD…..Iran says I want to be like you IQD…..I am the Iranian Rial….I am free as a bird….I want to be just like you….but much faster…..so how do you like me now says the IQD….another voice says I’m in the basket with you now and I’m liking it…that is the voice of China….South Korean Won how do you like this basket asks the IQD….well we just finished military exercises and with military contracts coming up…..
China got a little nervous about recent military exercises….we are increasing military contracts….in fact our tourist count is going up…..our troop count is going up, more foreign troops coming in….more military contracts….
We love that China is in the same basket as we might be in….because that will control North Korea even more……hey China we are in the same basket right….yes we are….hey China you are communists right…..tell those guys up north to quiet down….no….yes we are in the same basket….tell them to quiet down….well…ok we can do that.
So the IQD turns to the basket and asks…..hey basket…..how do you like me now….another voice pops up….the Dong….hey get out of that basket….your turn will be coming….probably next year.
So do we have to wait all of next year for the rate to go up to join you Hawaii…..no but what if you did…..no IMO…any increase in the RI to the RV will be enough to fuel you Family….the tanker will be loaded by mid-2016….and there will be many tankers by 2017….you talking of oil tankers….no….tankers with what you want.
I’m just curious right now Family are you counting your dinars right now…..or are you counting your blessings…..this is a precursor question for you….will you be a God…..will the money be a God for you….or will God still be God for you.
Dr. Shabibi are you happy…..excuse me…..what did you say Frank…..Shabibi baby are you happy……well Frank I have a lot of security….it is actually over spilling….I have laws implemented….laws…..the budget for 2016….the deficit has been decreased….just like with the US…..I mean Clinton sent Obama a box of cigars…..they got that much money left…what does that mean….am I happy Frank….the GOI cut much of their salaries….they did many revisions of their salaries….wait a second…Iraqi citizens…are you happy….there is a roar….yes they sound happy…..so Dr. Shabibi how do you feel about the laws….I couldn’t have done anything without the laws….yes we have security too.
Family remember this is the Middle East….something can go wrong…but I don’t see anything or I would tell you….but….I think it is important that I say this to you….and I posted this to you today….a lava flow is never predictable it is of it’s own pace and especially directional change….and many things have changed in the last three months and you know something I’ve got no problems with their improvements…..and IMO…..neither should you.
Family….will there be an exchange law in effect by December 15th….why….because I feel IMO…..that by December the 15th the RI will start…then 7-10 days you won’t see anything and that will take us into the beginning of January….I pray this is enough time for the RI into the RV.
Knock, knock…..who is that knocking on the door of the CBI….the citizens of Iraq…can we have the smaller LD’s that you’ve given to the banks…..no….ok….we just ask because you are passing out the higher LD’s…..no….why….we are going from an RI to an RV….ok, we will be back first quarter of next year….ok….are you sure we can’t have them….no…but they are prettier…..no….ok let’s get out of here.
Frank….are you sure about this….well that is what they tell us….this time around our teams do not see our intel being measured….it is being calculated…..that is quite a difference.
Get your game plan together Family…..get serious. If you got dinars that is enough, what you need is an inventory, of your stewardship, the lawyers, the banks, how you will distribute this money, how you will make money….but many of you don’t understand.
Let’s say you have one million…..be careful….do not live beyond your means….what that means……if you buy a house and you pay cash for it…that is not smart….you should never pay cash for it…use a vehicle to pay for it….get help…get your game plan together….do not be careless….especially right now.
We already told you there will be zero intel this week and why….and how it will work….we are helping them do their work…but we want the week off….that is why Parliament extended their sessions up to November 23rd.
So up to November 21st so much has been accomplished…..then between the 21st and December 15th…..we want to see the taxes and tariffs at the borders….with the laws….we want the customs taxes at the borders…we want to see more LD’s, especially the smaller ones…..the Investment Law…..you know why we want to see these things…..
From an article….the State is now headed towards investment in the private sector and encourage industries and trade and open market GDP to maintain our industries and support them….in other words they are calling out to the international world with an internationally recognized Iraqi currency….but we need a rate….done that….been there….but we don’t see…hey come here.
The LD’s was explained to our staff in October….but we’ve seen this already…..I’m asking you now as I asked our staff….pray…..you will not see the RI…..but we need to be praying to be strong…what we tell you today is a reality of the reality.
You know when we landed…when the Eagle Landed….when we went from west to east….we are about to walk on water for God’s kingdom.
Demons tremble in their trenches…..we are the Kracken to be released into the world….we are the Christians….we are the bride.
This past September when we got back we gave you a road map….we called it 1, 2, and 3. Then in October we told our staff….told them what everyone is talking about now. Today all that we share with you from our study files is all over the Internet which is encouraging and good.
Guess what I am going to share from our teams in December….and it is from that point forward that I will start to fade away…not from you….but from the studies….you won’t need me much longer….we need to do God’s work….I always said there will only be 1% left….I like when people say….how dare you say I won’t be around….I never said that you won’t be around….how can you feel guilty about a statement I never said about you.
The USD is reaching across from the east to the west….to the IQD….because the two of them are the protagonists of a story in a book….leading actors in a great movie….so the USD…..hit a high today of 100.00….and a low of 99.86….what it did today is it reached a dollar…..when did it last do this…..that is a profound question…this is profound for the RI into the RV.
XE.com has shown the dollar at 99.8+ as a high….it showed the Iraqi dinar at 1111.11 for one USD….now it’s only a coincidence…..since 1990….I see these ones….1111 every where…daily…..I call myself Frank26…the reciprocal of 26 is 386….I think they will cap between 386 and 420….when the RV is done….IMO.
So the USD teases everyone by hitting around 99.8….99.9….but today it hit a dollar….historical…then the IQD hits 1111.11…they both tease without shame…..look at that picnic basket…amazing….mind-boggling….if you weren’t a student none of this would bother you.
The rest of the world….survey 1,000 people at a mall…they know nothing of the IQD….very few people are students of currency….you are blessed.
There will be a plethora of articles from the CBI…..numbers 3 and 4…..do you realize we have both of those….but we don’t see Dr. Shabibi at the helm…..but his voice is every where….anytime you see “keywords” that is him…..he said today….the rejection of the CBI for the distribution of salaries in USD is a correct decision…..why….beause we are going from an RI into RV…..he’s saying I’m not paying anything ever again in USD.
Meanwhile Zebari discusses with Rafadain and Rasheed Banks…to provide better service for the citizens…and he is looking for ways to upgrade these two banks…in accordance with international standards….what has it been 12 years….someone is finally adding value to their currency….someone is going into Article 8.
Meanwhile….the Interior Minister announces the removal of all checkpoints in Baghdad….you don’t get rid of those…that causes security….but we are telling you we have security….so is that why you are going from an RI into RV next month….yes.
For those of you on team chat on Friday you saw me talking to Foxtrot….this is what it was about….the removal of Checkpoint Charlie.
Meanwhile PM Abadi’s office calls on the citizens…..he told the citizens to take advantage of international support for the reforms and the specialists that are demanding to reform the tax system….why…because we go from the RI to the RV….but you always tell us this…you guys have always said you would take care of the borders….well yes…we do much…and after the 15th we will do much more.
So….XE.com….Forex….brokers….how is the root beer….it’s nice and cold…chilled…..good because we are going to need it for a float on December 15th, 2015…..there is a lot on what I’m telling you but I’m not explaining.
Abadi is told by the CBI there is no flaw in the customs and the tariffs laws and the systems of the administration of these laws…..you see Family….laws almost a year ago is what I fought for……I hung up on two people because I knew they did not know what they talked about….many talked bad about me….let them throw stones….but I protected my KTFA family….it is the laws that we now have….that are the givers of the RI walking into the RV….today. Please enjoy them.
All my teams send you their well wishes. I talked to Delta, asked him if he was coming tonight…..no I have people who are outside the country with me right now and I don’t want them to hear. I sent him another communiqué to tell your friends….by next year you will be a millionaire…he texted back….December….no not in December my brother.
The whales are doing their thing no doubt….but what will make it grow will be the citizens of Iraq…moving it from the RI to the RV.
We told you IOO (In our opinion) ….based on the meeting we told you about on the 10th….we don’t think 10, 20, or 30 cents is feasible…..but around 40 cents will be the best place to start…then 7-10 days will be a good time to swing to the 1 to 1…..IMO…that 40 cents is crucial…..then to grow to the 1 to 1 into next year……into the first quarter.
Back in 2008….there was an issue called the Paris Club Debt….it came to Iraq…..and they agreed if the day they revalue the currency and it doesn’t come out at 1 to 1 they would not be able to pay their debt……no one on the Internet is talking about this…but now they will…watch them. Once it comes out…the RV….it will be a managed float….and it will cap just past Kuwait.
Yes, they agreed their global exchange would have to be 1 to 1 or they would have to pay 100% of what was due….$180 billion. The reason why the Paris Club Debt was never paid…they didn’t want to be paid at 1166…they are in the Long Line too.
So how could the CBI be rescued….must have been an increase in their currency….now laws by themselves could do this.
Like a little kid crying……crying….crying….tell them they will be put in their room….more crying….then take out a donut and put it right in front of their mouth…and all of a sudden they get quiet. An increase of the value of the IQD will do so many things.
Cannot Issue Currency without a cover of Gold or the Dollar…..this is all about the currency….about going up in value.
Here’s another one….Restore Confidence in the Banking Sector Contributes to the Position of Liquidity….no confidence will not get you anything….but the LD’s yes now they are everywhere….they can provide the liquidity.
There is much to be thankful for on this Thursday. The education system teaches the children….the pilgrims almost died, then the Indians brought food to them and the Indians taught them how to survive a brutal winter, the nasty weather……the thing that bothers me is that it was the Indians that saved the white settlements that winter…but in reality it was both the Indians and the white man that gave thanks they survived together that winter.
It is amazing how in the last 8 years so much has changed in our laws of our country…..I can be sued from so many ways….laws have changed so that gays can be married in all parts of the nation…so Frank….you have a problem with gays…..I have a problem with gay marriages…..do you think you can do that in Heaven.
When I was a child I thought as a child…..as an adult I know I shouldn’t. I’ll tell you to have a wonderful Thanksgiving. Hey my Lions have won 2 games in a row and I don’t even know who they play on Thursday.
In review….no more discussion except for team chat Friday night at 9:00 pm EST. Atlas will not be present. Tomorrow night there is Bible Study. Call me 419-283-2552 if you need help with access to Premium.
You will see the Iraqi Dinar go to its Natural Rate Position as it moves from this RI to the RV.
Dismissed with a prayer.