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Restored Republic via a GCR: Update as of Oct. 22, 2017

Restored Republic via a GCR Update as of Oct. 22 2017 Compiled 12:05 am EDT 22 Oct. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Saturday, January 31, 2015

Religious Authority describes endorsing 2015 Budget law as "Correct step"

Religious Authority describes endorsing 2015 Budget law as "Correct step"

January 30, 2015 by Ahmed Hussein



Karbala (IraqiNews.com) The Religious Authority described the enodrsment of the Budget law as “A correct step.” /End/

Update from TD: "Comments from Kurdish Friend"

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

TD:

Comments from my Kurdish friend (as always treat as rumor and due your own sound diligence). ...yes the budget has passed and NO it doesn't spell out any imminent change in iraq's immediate plans of major monetary reform. As also expected by everyone in Iraq the budget will be running at about a 25 trillion dinar deficit and that seems to be a conservative estimates. So why would anyone think it's time to implement currency rate hikes? Where's the money to pay for that? I'm told that Abadi is s meticulous (engineering background) type of manager. There are plans and steps in place for agenda items. They already announced months ago their goals of executing economic and monetary reforms drafted for the next 4 years. Part of that includes RD of their notes (dropping the 3 zeros, yes, LOP to start either end of 2015 or sometime in 2016. Then to conclude exchanging and retiring the old 3 zero notes within 2 years after that. All this is to resemble the Turkish model of monetary reform which the Turks successfully executed back in 2004-2005. This is their plan and they are hopeful to stick to it.

http://www.dinarchronicles.com/intel

Abadi congratulates Iraqis on endorsing 2015 Budget law

Abadi congratulates Iraqis on endorsing 2015 Budget law
January 30, 2015 by Ahmed Hussein



Baghdad (IraqiNews.com) The Prime Minister, Haider al-Abadi, congratulates the Iraqi people on endorsing 2015 Budget law.

Abadi described the endorsement of the Budget as “A victory to the legislative and executive authorities.” /End/

Update from Enorrste: "CBI is Being Forced to Move Ahead"

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Enorrste:

It is my firm belief that the CBI is being forced to move ahead with the float specifically because the lower oil prices have essentially "hamstrung" them.

Quote:
"monetary policy is constrained in tackling the current shock."

It is clear to me that the CBI is moving forward faster than ever now because it believes that it HAS to do so because of the financial crisis from lower oil revenues. The only solution is to open market operations so that foreign investment can come in and reduce the "shock" referred to in this article. The float will allow the investment to flow in quickly. From the CBI point of view, the faster the better. I still believe...that we will see this roll out within the next 30 to 60 days. [Guru Kaperoni] also agreed, with the caveat that the laws still need to get passed. He is correct. And, IMO, they will.

http://www.dinarchronicles.com/intel

Budget Has Been Signed

Budget Signed

Document on Official Enacted Law as per President of the Republic.

http://ar.parliament.iq/CP/Websites/Laws/Documents/moazanh-2015.pdf

Saturday Afternoon News and Thoughts from KTFA Members

KTFA:

DELTA:
WALKINGSTICK….THANK YOU BROTHER FOR THE ARTICLES..

FAMILY I WOULD LIKE TO REMIND YOU OF THE ARTICLE THAT CAME OUT ON 12/10/14.

The Rafidain Bank in Dhi confirmed that the introduction of ATM depends on the zeros out currency

Wed, 10 Dec 2014 time: 19: 50 News Network Al-Ahmed Hassan:

The Director of Rafidain Bank in Dhi Hussein Al-Abbadi said in an interview televised moved local enter Nasiriyah TV ATM markets and banks is subject to the application of the decision to delete the zeros of the Iraqi currency, pointing out that the Iraqi currency suffer from inflation in the current time. LINK
DELTA: IT LOOKS LIKE THEY GOT THE GREEN LIGHT FROM CBI.. DELTA
(See Articles Below)

»»»»»»»»»»»»»»»»»

Aggiedad77:
Great news Delta....thank you brother for the reminder from December

Green lights are good.....sure would like to hear the CBI or Dr. S crowing in some way too

Maybe it is time for celebration....maybe…..Still exercising some caution with this at this point

Aloha Randy

»»»»»»»»»»»»»»»»»

DELTA » January 31st, 2015, 4:45 pm

URGENT FROM IRAQIA TV:

February 12 starting economic strategy DELTA

»»»»»»»»»»»»»»»»»

Aggiedad77:
Great to hear brother…There was an article out this morning that spoke of February 12th also.....below is what I wrote on it....confirms what you are hearing on Iraqia TV too.

Teamwork!!!

From my post this morning:

Government launches national strategy to develop and nurture the private sector next month

I am predicting a high gear to be used by the Iraqi government in the coming days and weeks that we have never seen the like of before.....here we have the COM making a rare Saturday appearance to announce a new national strategy that will see the development and implementation of things within the private sector....by the middle of February.....

Great galloping horses.....watch them get in a hurry.....things are evolving.....the flowers are blooming....the mushrooms are growing....the grass is greening.....Iraq is wanting to blossom....

Pay attention to the 12th of FEBRUARY.....PM Abadi has a plan....and I believe he has that PLAN in hand.....wait for it. Aloha Randy

»»»»»»»»»»»»»»»»»

DELTA:
YOU ARE WELCOME .. BINGO BROTHER ...

ABABDI WITH THE HELP OF CBI WILL SEE CHANGES BEFORE THE 12TH.

YES WE SHOULD ALL START THE CELEBRATION

»»»»»»»»»»»»»»»»»

walkongstick
wrote on January 31st, 2015, 9:59 am:

COMPILATION.....

Rafidain Bank announces the issuance of card "MasterCard" to its customers inside and outside Iraq
SATURDAY, DECEMBER 31 2 / JANUARY 2015 09:13

Twilight News / said the Rafidain Bank , on Saturday, he began issuing card "MasterCard" to its customers in its branches inside and outside Iraq.

A statement issued by the bank stated for "Twilight News", "The bank issued a pilot cards (MasterCard), where the availability of used all over the world for being a manifestation of modernism in the banking business," noting that "this service check several privileges the most important dispensed the use of paper money. "

The statement added that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

http://www.shafaaq.com/sh2/index.php/news/economy-news/90336--q-q-.html

»»»»»»»»»»»»»»»»»

Rafidain Bank announces the issuance of card "MasterCard" to its customers inside and outside Iraq

BAGHDAD / squares of liberation

Posted 31/01/2015 07:43 AM

Rafidain Bank, announced, he began issuing card "MasterCard" to its customers in its branches inside and outside Iraq.

A statement issued by the bank stated for "squares of liberation", "The bank issued a pilot cards (MasterCard), where the availability of used all over the world for being a manifestation of modernism in the banking business," noting that "this service check several privileges the most important dispensed the use of paper money. "

The statement added that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

http://www.altahreernews.com/inp/view.asp?ID=25386

»»»»»»»»»»»»»»»»»

Issuing MasterCard card for Iraqis inside and outside


Follow-up / newspaper Alostqama_ announced Rafidain Bank, on Saturday, for Mbacherth issuing MasterCard card to its customers in its branches inside and outside Iraq.

A press release of the bank, today, that "the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business."

He explained that "this service check several privileges the most important dispense the use of paper money."

The statement noted that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash," .anthy 11

http://alestiqama.com/?p=148820

»»»»»»»»»»»»»»»»»

Rafidain Bank proceed to issue MasterCard card to customers inside and outside Iraq


Author: Bian5 on: Saturday 1/31/2015 9:20

News Source: Baghdad

BAGHDAD / WAP / Rafidain Bank announced Mbacherth issuing MasterCard card, in its branches inside and outside Iraq.

The Information Office of the Bank said in a statement Saturday that "the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business." He added, "This service is the most important check several privileges dispensed using paper money, pointing out that he can be the cardholder also drag his money from his own account in any province or state where online without the need to carry cash," ./ over.

http://www.baghdadiabian.com/news.php?action=view&id=86619

»»»»»»»»»»»»»»»»»

Rafidain Bank issued "MasterCard" card to its customers inside and outside Iraq


Agency eighth dayJanuary 31, 2015, 9:33
BAGHDAD - ((eighth day))

Rafidain Bank, said on Saturday, he began issuing card "MasterCard" to its customers in its branches inside and outside Iraq.

A statement issued by the bank that "the bank issued a pilot cards from" MasterCard "offering used throughout the world for being a manifestation of modernism in the banking business," noting that "this service check several privileges the most important dispense with the use of paper money."

The statement added that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

http://8th-day.com/?p=94365

»»»»»»»»»»»»»»»»»

Rivers proceed to issue MasterCard card to customers inside and outside Iraq


31/01/2015

BAGHDAD / JD / .. Rafidain Bank announced Mbacherth issuing MasterCard card in its branches inside and outside Iraq, while noting the possibility to withdraw his money from the cardholder's account in any province or state.

The bank said in a statement received / JD / copy of it: that the bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business. He pointed out that this service check several privileges the most important dispense the use of paper money.

He added that the bank cardholder can also withdraw his money from his own account in any province or state where online without the need to carry cash.
It is noteworthy that the Rafidain Bank was established by Law No. (33) for the year 1941 and started operations in 1941 with a paid-up capital of 50 000 Iraqi dinars.

Over the bank several stages during his historic first represented his presence as the first national bank practiced commercial banking among many foreign banks.

And began the gradual expansion within Iraq then has gone through multiple integration began in 1964, included the commercial banks that were operating in Iraq, where he was in 1974, consolidated with the Rafidain Bank, which became the only commercial bank in Iraq.

In 1998, the bank saw a new development is its transformation into a public company wholly owned by the state in accordance with the provisions of the Public Companies Law No. (22) of 97 in order to contribute to the national economy in the field of commercial banking and investment funds and to provide funding for the various sectors in accordance with the development plans in the framework of economic and financial policies and cash for the state.

The number of bank branches currently 147 branches in Iraq, in addition to (8) branches in a sawmill in some Arab cities, namely: Cairo, Beirut, Abu Dhabi, Bahrain. / End / 22 /

http://www.dananernews.com/News_Details.php?ID=5496

»»»»»»»»»»»»»»»»»

Rafidain Bank proceed to issue MasterCard card to its customers in the inside and outside Iraq


31/01/2015 11:17
Tomorrow Press / Baghdad: Rafidain Bank announced on Saturday, for Mbacherth issuing MasterCard card in its branches inside and outside Iraq.

The Information Office of the Bank said in a statement received by "tomorrow Press", "The bank issued a pilot of MasterCard cards, providing he used all over the world for being a manifestation of modernism in the banking business."

He added, "This service is the most important check several privileges dispensed using paper money," noting that "it is possible for the cardholder also withdraw his money from his own account in any province or state where online without the need to carry cash."

It is noteworthy that the banking systems in the most advanced countries in the world use the ironing Card System to withdraw money, makes it easier for travelers and traders many things and keep them away from the risk of theft of money. LINK

1-31-15 Chat with BLC Staff

[tlm724] there is so much going on at this time that we will just keep posting update and comments

[tlm724] let me show you a very important part of the 2015 Budget

[tlm724] Article -33- A - the imposition of sales tax on Kartat mobilization of mobile phone networks and the Internet (20%) of the card value (15%) on the purchase of cars of all kinds and tickets and 300% on cigarettes and alcoholic beverages and the Ministry of Finance to issue the necessary instructions for the application of the provisions of this paragraph in the pan Iraq.

(B) activating the customs tariff No. 22 of 2010 amended the law and the law of Consumer Protection No. 1 for the year 2010 and the Law on the Protection of Iraqi products No. 11 for the year 2010.

(B) activating the customs tariff No. 22 of 2010 amended the law and the law of Consumer Protection No. 1 for the year 2010 and the Law on the Protection of Iraqi products No. 11 for the year 2010.

(B) activating the customs tariff No. 22 of 2010 amended the law and the law of Consumer Protection No. 1 for the year 2010 and the Law on the Protection of Iraqi products No. 11 for the year 2010.

[tlm724] BondLady there they are !

[RCS1947] taxes taxes:}

[tlm724] tariffs

[tlm724] WTO will follow not long after

[RCS1947] you bet

[tlm724] I can feel it coming

[cat] some coins too, well maybe

[tlm724] maybe cat

[tlm724] I know someone over on the left who has a grin on his face = Mikey

[cat] sure been a good week

[tlm724] been waiting years just to see just that ^^^

[tlm724] cat sure has !

[Mikey] Very Happy ya got that right

[tlm724] knew it, how could you not ?

[Mikey] but then again... it's happened before but never with this much being done

[tlm724] Mikey tariffs and taxes haven't nor has national reconciliation , early budget, new PM, economic reform and laws, the list goes on and on... its a different country

[Mikey]I know ... they moving right along ...progress .... finally

[ireneg] great !

[cat] its coming gotta be

[ireneg] we are close

[tlm724] *hallelujah* to both !

[tlm724] have a look at this from this morning then at the news about the HCL Wink

Special / importance of the current budget is allocated to support the banking and health sectors in the country

[tlm724] the importance of the adoption of the budget in 2015 being characterized by the benefits which included a project for the establishment of a deposit insurance company and invite the Central Bank to support the banking and health sector and free economy as well as facilitating the establishment of Islamic banks and support industrial and agricultural banks and real estate.

[tlm724] which included a project for the establishment of a deposit insurance company

[tlm724] there we go protection for deposits *hallelujah* I love it when a plan comes together !

[tlm724] now here's what Rocky posted :

Parliamentary energy: oil and gas law to parliament next week table

[tlm724] hello gorgeous *wolfwhistle*

[tlm724] *m16*

[tlm724] thats what I'm talkin about

[tlm724] the next week will provide oil and gas law to the Presidency of the Parliament to be presented to the House of Representatives to read it and vote on it.

[tlm724] that the Committee on Energy and placed in a priority project of oil and gas law in addition to the establishment of the Iraqi National Oil Company, as both are linked to one another

[tlm724] they have a session on Feb 10th, watch for it baby !

http://www.bondladyscorner.com/t113328-blc-staff-chat-01-23-2015

News & Comments with BLC Admin tlm724 (1-31-15)

Finance Minister discuss with the accounting firm Ernst Andeyong officials and Alaschariaadedda issues

Friday January 30, 2015

Search Finance Minister Hoshyar Zebari said on January 29, 2015, with Mr. Bishr Bakr representative firm Ernst Young (EY) and a number of experts, a number of the company's financial and accounting issues and the process of rehabilitation of government banks.

The contract with the Ministry of Finance of these international financial consultancy company Lala several years ago during the meeting was to agree on a number of charges Alqzaiaalta Iraqi financial and economic situation.

http://www.mof.gov.iq/Pages/MOFBannerHeadlineDetail.aspx?BannerNewsID=184

[tlm724] Ernst and Young is there and has been there to make sure the banks are set and ready !

[tlm724] *hallelujah*

~~~

Special / importance of the current budget is allocated to support the banking and health sectors in the country

[tlm724] the importance of the adoption of the budget in 2015 being characterized by the benefits which included a project for the establishment of a deposit insurance company and invite the Central Bank to support the banking and health sector and free economy as well as facilitating the establishment of Islamic banks and support industrial and agricultural banks and real estate.

[tlm724] which included a project for the establishment of a deposit insurance company

[tlm724] there we go protection for deposits *hallelujah* I love it when a plan comes together !

~~~

Rafidain Bank proceed to issue MasterCard card to its customers in the inside and outside Iraq

[tlm724] we knew Rafidain issued this back on Jan 22nd, it was announced on the MOF site, let me show you. Great to see it in the news !

[tlm724] Rafidain Bank announces the issuance of a smart card for retirees in its branch in Abu Dhabi Thursday January 22, 2015 Rafidain Bank announced the issuance of the smart card (ironing Card) for retirees in its branch in Abu Dhabi, said above the bank said in a statement that a delegation consisting of the bank staff and the international company for the smart card visited Abu Dhabi branch

briefed on preparations for the menu to activate the service (Ki-Card), noting that he has the process of issuing smart card for retirees living in the United Arab Emirates where he can receive their pensions through it easily and without suffering as it was in the past through the receipt manually.

http://www.mof.gov.iq/Pages/MOFMinistryNewsDetail.aspx?ArticalID=68&LstName=MinistryNews

~~~

Zain Telecom plans to offer shares in the trading market

[tlm724] *hallelujah* Zain, lead the charge, bring it on !

[tlm724] Zain shares to trade as well as the presence of shares Asia Company torrent there will be a promising market as possible be relied upon in support of the Iraqi economy.

~~~

Abadi: We will not retreat from our decisions on reform and are able to get out of the economic crisis without losses expanded

[tlm724] Abadi: We will not retreat from our decisions on reform and are able to get out of the economic crisis without losses *hallelujah*

[tlm724] he's the man, standing his ground !

[tlm724] "We have taken a series of decisions reform nor irreversible and are moving in the work and we will come out of this great challenge,

~~~

Budget to the presidency Sunday Law for approval

[tlm724] budget would be sent to the presidency on Sunday for approval after being audited by the relevant personnel in the Ministry of Finance

[tlm724] President has to sign it

[tlm724] that the process of sending the law to the presidency and ratified take one month only

[tlm724] I think they will begin to exchange (distribute) the funds in late Feb, they know they have to get them out ASAP

~~~

Pentagon: US may have to send ground troops to Iraq

[tlm724] Announced the US Department of Defense (Pentagon) Friday, January 30 that it may send non-combat ground troops to Iraq to help the Iraqi forces in the fight against the organization "Daash.

[tlm724] US need to examine all options in Iraq,

[tlm724] we'll see


~~~

Abadi Jubouri discuss activating document the political agreement and to address security breaches

[tlm724] "al-Jubouri, received the Prime Minister Haider al-Abadi, and discussed with him the developments in the political process and activate document the political agreement, especially after the national consensus

[tlm724] ok activate away ! everyone on the same page then continue to move forward with ALL the reforms


~~~

Abadi: No economic crisis in Iraq and are committed to the formation of the National Guard during the six months

[tlm724] He pointed out that "there is a financial problem, and we have no economic crisis threatening the country and that Iraq powerful capabilities of its people and we have the ability and potential, which is enough for us to generations," explaining that "the crisis of cash, which does not suffice all the expenses that we need and causes low watchings oil to 40 %, and the collapse of revenue caused a cash crunch, but this government is keen after approving the budget to meet the basic amounts and priorities,

[tlm724] that Iraq powerful capabilities of its people and we have the ability and potential,

[tlm724] *hallelujah* they will shine like a new penny and the cash crisis won't last long

[cat] yep

[tlm724] he is a man of word !

[tlm724] "He said in the central administration we have given powers to the provinces of our country we respect all the powers

[tlm724] He explained that "our cooperation accelerates the timings, through speed up to speed, the enactment of legislation and a measure of unity and building on religious and ideological, military and social aspects and components of society and the relations between the provinces and the cooperation between the division of resources, ratios and water we can unite to cross this dangerous area, and overcome the enemy." .

[tlm724] "our cooperation accelerates the timings, through speed up to speed, the enactment of legislation

[tlm724] *hallelujah* here comes BondLady 's basket of laws !!


~~~

After approval of the budget in 2015 .. claims to expedite the enactment of the oil and gas law

[tlm724] claims to expedite the enactment of the oil and gas law

[tlm724] no doubt

[tlm724] , a number of experts and specialists in economic affairs called for supporting the Iraqi economy laws,

[rsp1] *wolfwhistle* *hallelujah* that's what I'm watchin' for

[tlm724] including oil and gas law, legislation

[tlm724] the oil and gas law is one of the important laws because it determines the powers in the industry manage extractive between the federal government and local governments of the provinces and the Kurdistan region, to end the oil differences, especially with the region, in order to organize and develop this important industry to the national economy.

[tlm724] Prime Minister Haider al-Abadi to send a new draft of the bill to the House of Representatives during the current session

[tlm724] The Oil Minister Adel Abdul-Mahdi, has called for the House of Representatives to expedite the issuance of oil and gas law for the producing provinces of the Kurdistan region for their rights.

[rsp1] Abadi does seem to get things done in a very timely fashion.

[tlm724] Mahdi is pushing to get this done

[rsp1] I don't see that changing now...especially with Mahdi wanting it done.

[tlm724] we knew they wrote a new law so we should see it in Feb imo

http://www.bondladyscorner.com/t113299-morning-news-comments-01-31-2015

Saturday News Summaries and Commentaries from Aggiedad77 - KTFA

KTFA:

aggiedad77 » January 31st, 2015, 11:35 am

Saturday News Summaries and Commentaries


It may be Saturday but there are choice nuggets here to be pondered and considered.....the BEST is yet to come...wait for it.

We certainly have a great deal of news to look over this morning already, thanks to some efforts through last night....a plethora of budget articles....oh and I told you the oil and gas little thing was being considered....watch for more on it next week....wink....it's coming.....yes their roll continues...the snowball grows.

The text of the general budget of the 2015 Act

Here you have the unabridged complete text of the 2015 Budget Act....it still needs President Masum's signature and then will be put into the Gazette.....and no I have not seen a new Gazette published just yet.

Parliamentary directions to activate the laws reassure investors and protect them

The Investment Committee has been in meetings with the National Investment Authority to discuss the issues that face investors trying to enter the country....they work towards a resolution of problems that have existed in the past, the elimination of much red tape that has slowed investment work down, bogging it down to the point of discouraging new investors.....

I am thinking that the passage of the budget will also help in drawing new investors into the country as state monies are freed up for use on projects that may not have been touched in over a year now.

Finance Committee: 20 positive points included in the 2015 budget

It is believed that this new budget will be the foundation or cornerstone laid for the new economic reform that the Iraqis now focus upon....one big win appears to be the establishment of a deposit insurance company, getting the CBI to support the banking sector and free economy while allowing for the establishment of Islamic banks.....at the same time supporting industrial banks, agricultural and industry interests as well....

The new budget allows for a credit payment systems....smart cards....and a reform of the taxation system....hoping for an interesting time to come for them and us.

New Iraqi victory

If 2014 and a lack of a budget brought a black eye to Iraq.....let 2015 ring in with a victor in the middle of the ring....the Iraqi people being victorious in many aspects.....the most notable is to have a government that for once is seen as a cohesive unit that promotes integrity, confidence, and a willingness to work together to provide the tools to the Iraqi people that they so sorely need.....they stood up from the start and have thumbed their noses at their critics and detractors not only from within the country but outside as well and they stand united in strength continuing to push for the right thing for Iraq and its people.

Adoption of the budget

This government has accomplished what I believe so many thought they were incapable of doing....creating and passing a budget in record time in the complete absence of a 2014 budget and largely without any workable blueprint from which to continue with....they made something out of nothing....because that is what the former government left them with.....a year of nothing....basically 8 years of nothing.

I believe we are seeing a new Iraq evolve out of the flames of the old government....a new entity that shines and should be proud of their efforts....worthy work by a group that formerly were at each other's throats over some very serious issues....they have turned.....but instead of turning on each other....they instead turned towards one another and found a cadence that brings unity to their efforts.

U.S. ground troops could be needed in Iraq: Chuck Hagel

This man now sings in a way he never did before....saying that ground troops may be needed in Iraq.....what does he truly know and understand about Iraq....about the ME.....leaving under pressure....who is really listening to him now.

Abadi for Jabouri: the relationship between the executive and legislative branches of government in a state of understanding

A state of understanding between the executive and legislative branches.....I would state....that is an understatement...LOL....let their good fortunes continue to roll.

Budget items without precautionary measures put Tsaúlat need clarification

Inquiring minds that can't seem to get a grasp on many things want to know what do you mean by this...what about that....why only $2 for the petrodollar.....what if oil prices continue downward.....they cry there is no instructions to go along with the changes.....for petes sake....take a breath.....this government is no lackey....they would not have created this detailed a budget without a game plan in place.....

I have not seen it...but I can assure the details exist....take my word on it.....Abadi and crew are too detail oriented to have overlooked something so basic and simple.....kick your rocks down the road a bit more and wait and see what comes forth....besides.....how would you answer these questions in the shadows of one thing increasing....

What IF your currency increased....would you care about the price of oil....would you care about other trivial stuff....time will tell....wait for it....maybe....just maybe the government has a different road map than the one you possess....yours is a 2011 version.....get up with the times.

Rafidain Bank issued card [MasterCard] to customers both inside and outside Iraq

MasterCard....don't leave home or Iraq without it....Rafadain Bank is issuing them to customers both inside and outside Iraq as a pilot program....membership has it's privileges.....carrying cash....without needing a suitcase....what will they think of next Mildred.

Labour calls for increased allocation of financial disbursement of soft loans to banks

Ministry of Finance making loan money available through banks to job seekers in the form of soft loans....seeing this as a growth catalyst.

Legal expert calls for accelerating the deployment of the budget law in the Official Gazette to begin its implementation

Faster than fast we need to speed up the process that has already set records according to one legal expert within Iraq....it seems that some can never be satisfied.....yes Article 73 of the Constitution proscribes the next events that must transpire, President Masum signing the budget, then inclusion in the Gazette...Masum has 15 to sign....and I don't believe anyone is expecting him to take the full 15 days....keep your pants on.

Near the release of economic laws and tax instructions

Towards an earlier article that cried and whined than there were no instructions to go along with the budget....maybe they will be found in the large number of laws that follow the budget.....laws that can be written in such detail that you will then be crying can someone please interpret this for me.....I don't understand all the instructions....remember what I said....WAIT FOR IT....it is coming...take a breath....these be the laws that Frank has talked about for weeks that will now flow.

Parliamentary Energy: enactment of the oil and gas law will ensure that the right-producing provinces

The Oil and Gas Committee is looking to the COM to send the oil and gas law to them.....they are ready and waiting to go forward on this so that not only will the Kurds be made more happy from it so will all of Iraq....especially so the oil producing provinces who have long awaited this law....watch for this soon.

Abadi: there is no economic crisis that threatens the country, but cash

We have no banana's today.....nor do we have any cash....but we are not in an economic crisis either says PM Abadi.....he is calling for all Iraqis to stand together as a country as they push forward their renewed agenda of reform, now is not the time to take backward steps....implement what has been approved and look for growth that has not been there in prior years.

Officials: Iraqi airspace is a resource for the Iraqi economy and its money goes to the state treasury

Currently close to 1,000 aircraft are involved in Iraqi airspace in one way or another......and the cost of doing business in that airspace goes straight into the coffers of the state....a healthy source of income it seems.....usage is largely due to business interests as well as tourism....the space is expected to get busier in the coming future as more flights are being allowed.

Bahaa al-Araji: the date of the announcement of the reconciliation conference coming days

Here we have an article put forth not to declare the dates of the national reconciliation meeting but merely to announce the dates will be forthcoming "in the next few days.".......I know slow news day.

Work: Develop a plan to implement the new welfare law

The Ministry of Labor and Social Affairs is announcing plans for the implementation of the new welfare law....getting it kickstarted in other words....sounds like mid-2015 is the timetable to get the ball rolling in an effective manner....see there are plans that come with these laws....they aren't just a bunch of words on a page....patience....patience my people.

Special / importance of the current budget is allocated to support the banking and health sectors in the country

I'm thinking a different source of an article I covered up above somewhere that speaks to the budget covering the banking and health sectors in such a way by asking the CBI for support of certain sectors of the economy within Iraq while strengthening banking sectors across Iraq that will also have a positive impact upon these non-oil and gas related sectors....the effective activation of the taxation and tariff systems....while mentioning specific allocations to specific areas.

Abadi: Iraq is a cash crunch because of lower oil prices

The cash crunch that Iraq is in right now is not an economic event says PM Abadi.....keep this in the back of your mind....it may well prove to be important in the days or weeks to come.....Abadi I think is telling us he has a solution.....in hand....not just in mind....but in hand....he is not too worried over this.....why.....could be his "plan" for resolution.....watch for it.

Economic parliamentary: Iraq's economy will remain (lame) without the private sector

The private sector must be developed in the coming future for Iraq's economy to become stronger....no two ways about that....the truth is the truth....now just get cracking in that direction.....bring us some news we haven't heard yet.

Minister of Finance signed an agreement with Ernst Young EY for the development of the banking sector in Iraq

Finance Minister Zebari is leaning on Ernst and Young to help in the development of the Iraqi banking sector...and yes I believe this was initially implemented a few years ago....but to what end then.....more trust and faith in today's efforts.

Parliamentary energy: oil and gas law to parliament next week table

Make an extra place setting at the table next week for a new kid in town....the Oil and Gas Law being given to Parliament....they will take a look at it....read it TWICE....then VOTE....remember that folks....no special favors here with this....but I'm expecting another record passing of a significant law for all of Iraq.

Zebari: postpone the payment of compensation invasion of Kuwait, helping to keep the budget in 2015

Finance Minister Zebari is applauding the agreement with the Kuwaiti's to postpone the final payment of war reparations $4.6 billion dollars until 2017 I believe.....saving the 2015 from being mired in further debt.

Government launches national strategy to develop and nurture the private sector next month

I am predicting a high gear to be used by the Iraqi government in the coming days and weeks that we have never seen the like of before.....here we have the COM making a rare Saturday appearance to announce a new national strategy that will see the development and implementation of things within the private sector....by the middle of February.....

Great galloping horses.....watch them get in a hurry.....things are evolving.....the flowers are blooming....the mushrooms are growing....the grass is greening.....Iraq is wanting to blossom....pay attention to the 12th of FEBRUARY.....PM Abadi has a plan....and I believe he has that PLAN in hand.....wait for it.

Jubouri: the House of Representatives has become more able to enact laws

Speaker of Parliament Jubouri spoke on Saturday pointing to harmony within Parliament that is allowing it to enact laws without hinderance of former sect or political issues.....this presents itself within Parliament as a reconciliation effort amongst what were seen as former political enemies.....harmony seems to be his best buzz word I think...and it is being effective at the moment.

Sadoun: approving the budget this time, support for the government and reassuring message to the Iraqi people work

This approval of the 2015 budget displays an approval also of the government and sends a message of reassurance to the Iraqi people that we know what we are doing and have your best interests at heart.....it is a faith builder and through a cooperative effort the people can expect more worthwhile legislation from them.

Jubouri, calling on the government to carry out a general amnesty law and send it to parliament for a vote

I think the ability of Speaker Jubouri to have open communications with the COM requesting certain laws be sent forth from the COM to Parliament speaks loudly to the new abilities of Parliament to not only be heard but also to be listened to.....there is again a harmony between the two branches that did not exist in the prior government....refreshing to say the least.....now calling for an Amnesty Law to be sent to Parliament that will further push reconciliation in the proper direction.

Allow government departments to accept the instruments of private banks

Further proof of wanting the integration of private banking entities into various levels of government business.....pushing for their shared willingness to accept the instruments from these banks....all part of the work being done by Deputy PM Shaways committee in association with the Economic Commission's work in this same direction.....the right high level people keep pushing to open the doors of the private sector....in banking as well as in other private sectors as well.....this is causing an awakening within Iraq that will be good.

Iraq approves austere budget in light of a comprehensive economic paralysis

After 12 years of basically lackluster efforts Iraq has finally approved a budget that is standing on its own...that is real...that shows a strengthening of relations between the Kurds and Baghdad.....President of the Kurdistan spoke on several areas of concern he seems to have for Baghdad at the time....but maybe he too needs to listen to the full plan that Baghdad may have....perhaps they have not brought him fully into the loop on things.....Baghdad seems to have a good grasp on reality at the moment....give them some time to roll with this and see what happens.

Budget to the presidency Sunday Law for approval Budget to the presidency Sunday Law for approval

So now we see that the 2015 budget law will be put in front of President Masum on Sunday, tomorrow for his signature....wonder how long that process will take....minutes....days....certainly not weeks....he only has 15 days.

Wow what a front page full of stuff today....thanks guys for the help.

Aloha Randy

S3A; Saturday Morning News and Thoughts

Stage3Alpha:

Rafidain Bank issued card [MasterCard] to customers both inside and outside Iraq


Posted by BaNDiTo.RoX on January 31, 2015 at 4:14am

Saturday, December 31 2 / January 2015 08:33

Rafidain Bank, announced on Saturday for Mbacherth issuing card [MasterCard] to its customers in its branches inside and outside Iraq.

According to a statement of the bank, the agency received all of Iraq [where], a copy of it today, "The bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business."

He explained that "this service check several privileges the most important dispense the use of paper money."

The statement noted that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

The General Secretariat of the Council of Ministers, called in earlier this month, ministries and departments not related to the Ministry and the provinces all urged the staff to use the smart card instead of cash in order to "cash trading to reduce their high risk, and maximize liquidity in Iraqi banks, and the expansion of credit capabilities, including achieves stimulate economic and investment activities, "noting that" those banks willing to provide deposit and withdrawal outlets in places that fit employees' .anthy LINK


»»»»»»»»»»»»»»»»»

BaNDiTo.RoX > EXOGEN:

Can I get one of those Master Cards with an International Rate to go please....

EXOGEN:

THIS IS BIGGER THAN GIGANTIC NEWS

Lightworker > EXOGEN:

How big is gigantic ? .. lol

BlueEyedGoddess > EXOGEN:

That means it's GINORMOUS!!!! Awesome!

Cosmic Consciousness > EXOGEN:

Good morning family. Santa is on his way!!!!

EXOGEN > Cosmic Consciousness:

YES

wilbur grodan:

COMMODITY PRICES are poised for sharp increase in the UPCOMING WEEK

tsr > wilbur grodan:

Your expectation will be right on money if RV is released this weekend. Otherwise, I expect for oil to test 42$ handle....Blessings

wilbur grodan > tsr:

MON-TUE-SUN NIGHT is the order of PROBABILITY we are expecting

»»»»»»»»»»»»»»»»»

Posted by BaNDiTo.RoX on January 31, 2015 at 9:26am

!!!HERE IS THE LINK TO THE OFFICAL GAZETTE OR THE MINISTER OF JUSTICE!!!

http://www.moj.gov.iq/view.1391/

ROFL... Guys just use google translator... Simple!!!


»»»»»»»»»»»»»»»»»

BaNDiTo.RoX
January 31, 2015 at 10:30am

Budget to the presidency Sunday Law for approval Budget to the presidency Sunday Law for approval

January 31, 2015 9:01

Announced the parliamentary Finance Committee member Ola Nashi that the budget law and after it was voted on by the parliament would be sent to the presidency on Sunday for approval after being audited by the relevant personnel in the Ministry of Finance.

Nashi and added in a statement to Radio tow that the process of sending the law to the presidency and ratified take one month only.

With regard to the grades included in the general budget for 2015 that showed Nashi grades will be announced in the Official Gazette and are rendering them online sites.

She explained that apply for appointment to the ministries of justice, agriculture, trade, or apply for Intelligence and National Security will begin as of the first of the next month of March, either apply for grades in the Ministry of Education will be starting from September this year.

http://burathanews.com/news/258259.html
»»»»»»»»»»»»»»»»»

Awake in 3D:
Did anyone notice that the article regarding the budget law being sent to the Parliamentary President for approval on Sunday states "this takes only 30 days"???

Michael > Awake in 3D:
You have to understand how they speak. When he said one month only, he was saying it only took one month to get the completed budget law to the president. Abadi intends on signing off tomorrow.

BaNDiTo.RoX:
+100 Thanks for explaining that. ….Hey buddy it's only a few more hours!

G T > Awake in 3D:
That's not Correct!!!The Script says Abadi has to sign & Approve
I would bet it's done Already & The SCRIPT Says Publish Tomorrow!!!

Austin-Powers-For-PM > G T:
Actually, it's Masoum, the President, that is the one who signs it into law.

Prime > G T:
Like a post dated check ;) lol

G T > Prime:
DING DING DING!!!! That's EXACTLY IT!!!

MyLadies from KTFA: "MasterCard in and out of Iraq?"

KTFA:

MyLadies:
MASTERCARD IN AND OUT OF IRAQ???


GOOD SATURDAY MORNING EVERYONE, THINGS ARE GETTING EXCITING NOW AREN’T THEY? THE ANTICIPATION IS BUILDING AND VERY SOON REALITY WILL SETTLE IN BRINGING THE MAGNITUDE OF WHAT IS ABOUT TO HAPPEN TO OUR LIVES.

WE DID A RECORDED CALL YESTERDAY FOR RECAPS TO TRY TO EXPLAIN SOME BASIC BANKING AND TRADE RULES. HERE IS THE LINK TO THE CALL PLEASE LISTEN IT CLEARS MANY THINGS UP.

https://www.freeconferencecallhd.com/playback_breda.html?n=DnyJW/dpx16

WE ALSO EXPLAINED HOW THE EXCHANGE WILL BE COVERED AND WHAT WE CAN EXPECT. ON THAT CALL NOVA SAID HE WILL GET EXCITED AND KNOW THEY ARE INTERNATIONAL WHEN SOMEONE FROM IRAQ CAN COME HERE TO 7-11 AND BUY A SLURPEE WITH THEIR DEBIT CARD.

WELL NOVA WHAT FLAVOR SLURPEE DO YOU WANT?

LISTEN EVERYONE TODAY RAFIDIAN BANK GAVE OUT MASTER CARDS INSIDE OF AND OUTSIDE OF IRAQ. THIS TAKES US SO MUCH CLOSER TO INTERNATIONAL. THIS IS A PILOT PROGRAM AND A BIG STEP WHEN THEY ACTIVATE THE PROGRAM. THIS IS DESIGNED TO BE ABLE TO TAKE CASH FROM ANY MASTER CARD ATM TERMINAL, THIS NEWS IS MAJOR..

SO NOW WE ARE WAITING FOR PRESIDENT MASOUD TO SIGN THE BUDGET AND THEN OFF TO THE GAZETTE IT GOES. THIS SHOULD BE DONE AT SOME POINT TODAY.

THE NATIONAL RECONCILIATION COUNCIL IS MEETING FOR THESE 2 DAYS. LIKE WE DISCUSSED BEFORE THEY COULDN’T GET THIS COUNCIL MEETING OFF THE GROUND BECAUSE THERE WAS NO MONEY TO FUND THE DIFFERENT PROJECTS AND NEEDS OF THE TRIBES.

THERE IS QUICK MOVEMENTS TAKING PLACE AND WE SHOULD SEE THE END SOONER THAN LATER. WE WILL BE WATCHING FOR FURTHER PROGRESS AND BE SURE TO KEEP EVERYONE IN THE LOOP.

LOVE TO ALL…. MY LADIES

Rafidain Bank issued card [MasterCard] to customers both inside and outside Iraq

Saturday, December 31 2 / January 2015 08:33

Rafidain Bank, announced on Saturday for Mbacherth issuing card [MasterCard] to its customers in its branches inside and outside Iraq.

According to a statement of the bank, the agency received all of Iraq [where], a copy of it today, "The bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business."

He explained that "this service check several privileges the most important dispense the use of paper money."

The statement noted that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash."

The General Secretariat of the Council of Ministers, called in earlier this month, ministries and departments not related to the Ministry and the provinces all urged the staff to use the smart card instead of cash in order to "cash trading to reduce their high risk, and maximize liquidity in Iraqi banks, and the expansion of credit capabilities, including achieves stimulate economic and investment activities, "noting that" those banks willing to provide deposit and withdrawal outlets in places that fit employees' .anthy

http://alliraqnews.com/2011-11-25-01-42-40/48-2014-06-14-07-47-45/165310-2015-01-31-04-38-47.html

Rafidain Bank issued card (MasterCard) to its customers both inside and outside Iraq

Rafidain Bank, announced on Saturday for Mbacherth issuing MasterCard card to its customers in its branches inside and outside Iraq.

According to a statement of the bank received for News Agency (et) a copy of "The bank issued a pilot of MasterCard cards offering used all over the world for being a manifestation of modernism in the banking business."

He explained that "this service check several privileges the most important dispense the use of paper money."

The statement noted that "cardholder can also withdraw his money from his own account in any province or state be present without the need to carry cash.

http://www.khabaar.net/index.php/permalink/40887.html

Friday Night 1-30-15 News from Millionday

Millionday 1/30/15

Millionday: A commission of economy and investment representative, on Thursday, in its quest for new legislation to balance the country's investment supports and encourages international companies to enter the Iraqi market, as shown in detail it would hold a conference on the law early next month.

Millionday: NOTE -- THEY ARE HOLDING A CONFERENCE NEXT WEEK ON THE INVESTMENT LAWS FOR THE INTERNATIONAL INVESTORS TO COME INTO IRAQ

Millionday: The committee member said Osman Haji told / information /, "The decision, announced by Prime Minister Haider al-Abadi in Davos recently about Iraq's intention to take, is to serve the enactment of new laws and investors, particularly the private sector."

Haji said that "the economic and investment commission agreed with the need for legislation Abadi new laws favorable atmosphere for investors in order to encourage them to enter the Iraqi market."

Millionday: NOTE -- THE PIRVATE MARKET WORKING WITH AND INCLUDING INTERNATIONAL MARKETS IS A MARKET ECONOMY -- FREE TRADE WITH GLOBAL SALES AND RECOGNITION

Millionday: He explained that the "investment opportunities to be provided by law for foreign investors, is the industrial sector, and residential and commercial, and tourism, and other fields,

as well as sectors that an investor asked to work out," noting that "what concerns us is the investor, so he would not find it difficult to invest if it came to Iraq."

Millionday: NOTE -- THE GOAL IS TO GET RID OF AS MUCH RED TAPE AS THEY CAN AND ALSO PROMOTE THE ENTRY OF AS MANY COMPANIES AS THEY CAN FOR A SUCCESSFUL DIVERSE ECONOMIC DEVELOPMENT

Millionday: Haji said that "the economic and investment commission will be held at the beginning of next month's conference to explain the work of the new law to be enacted mechanism in the presence of investors and businessmen from inside the Iraqis and Arabs as well as foreigners."

Millionday: SO THIS IS THE INVESTMENT CONFERENCE -- WHICH IS SCHEDULED FOR NEXT WEEK – SMILE

Millionday: The General Company for Iraqi shows, on Wednesday, to continue Tbagesha with a number of neighboring countries and across the commercial attaché working there the possibility of establishing an Iraqi markets at home and those countries Kuwait, Iran, Egypt and the UAE.

Millionday: NOTE -- THE IRAQI SHOWS IS TO EXPAND IRAQI BUSINESSES TO OTHER COUNTRIES -- THIS IS POSSIBLE ONLY WHEN INTERNATIONALLY RECOGNIZED

Millionday: The Director General of the department Sarmad Taha Saeed said in a statement reported for "Twilight News", said his company is now working on the development of plans and proposals and mechanisms for the promotion of cycle 42 next to the Baghdad International Fair addition to conducting interviews with curators to mount exhibitions specialist of some countries on the land of the Baghdad International Fair, or in provinces safe through coordination timings according to a timetable to set up.

Millionday: He noted that the company after its contract with the Islamic Republic of Iran will start Iranian specialist in all Iranian products in the energy and power, infrastructure and food during the second half of next February and exhibition areas over three days with the participation of more than 250 Iranian companies.

Millionday: NOTE -- THEY ARE EXPECTING TO EXAPND IN THE SECOND HALF OF FEB -- THAT IS VERY SOON – WHOOPOW

Millionday: He noted that his company is happy to and within the activity in the import and export has granted nine licenses to issue and renew total 3 identity export and ratification 4 certificates of origin in 1038 and the granting of import license and the issuance of 118 identity and renewal of import 69 import identity.

Millionday: SO WE ARE TALKING ABOUT LICENSING AND CONTRACTS -- THIS IS NOT THE MOU`S WE SAW BEFORE OR PLANS ETC -- SO OBVIOUSLY ACTION AND PROGRESS INTERNATIONALLY IS EXPECTED ---

The Shoe: And you are certain they have to have a tradeable currencey prior to that happening?

Millionday: THEY HAVE TO HAVE A TRADABLE CURRENCY BEFORE THEY EXPAND THEIR PRODUCTS TO THE GLOBE WITHOUT A DOUBT

Millionday: THE FIRST PRODUCT OF ALL COUNTRIES IS THEIR CURRENCY --IT HOLDS THE VALUE OF WHAT YOU WILL EARN`S VALUE

Millionday: WHY ISNT IT A PIECE OF PAPER ? -- BECAUSE IT IS CALULATED FAIRLY BY THE INTERNATIONAL PRICE INDEX CALCULATION THAT IS USED BY THE GLOBAL MARKET

Millionday: Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next couple of years as economic cycles in the region and the United States diverge. The deflationary trend will impact the region as hard-times emerge and the economies decline into 2020.

Millionday: NOTE -- THE WORLD BANK IS TALKING ABOUT THE MIDDLE EASTERN REGION AND THE PEGGING TO THE DOLLAR AND ALSO NOT FLOATING TO LET THE MARKET DRIVE THEIR CURRENCIES -- VERY INTERESTING TIMING

Millionday: The six nations in the Gulf Cooperation Council (GCC) have pegged their currencies to the dollar. What was once viewed as a stabilization mechanism will turn against them and import deflation as oil prices collapse.

True, in recent years the GCC economies have moved more out of sync with the United States.

However, the pegs are now pressing the GCC policymakers to mirror the U.S. central bank’s decisions even though this is contrary to domestic policy objectives.

Millionday: NOTE -- THEY ARE STATING THAT ALL ECONOMIC DECISIONS DO NOT NEED TO BE BASED ON THE VALUE OF THE DOLLAR AND THEY WOULD LIKE IT NOT TO ALL BE PEGGED TO THE US DOLLAR --- INSTEAD BE PEGGED TO THE SDR

Millionday: As long as they have currency pegs to the dollar, the Gulf States could face destabilizing capital outflows/inflows if they allow large interest rate gaps to open up with the United States.

There remains a risk that the US will be forced to raise rates to fight a rise in the stock market as capital inflows pour in from many regions. We are likely to witness extreme currency destabilization in the years ahead

Millionday: SO AS LONG AS THEY ARE PEGGED TO THE US DOLLAR THEY ARE AT THE MERCY OF WHAT THE US ECONOMY CONDITION IS --

Millionday: THE WORLD BANK IS STATING THAT THEY WANT THIS TO CHANGE AND SO SHOULD THE COUNTRIES INVOLVED ACCORDING TO WHAT THEY ARE SAYING HERE

jtank: which way is better iyo-why?

Millionday: THE AVERAGE THAT IS USED IN MULTIPLE CURRENCIES MAKE THE PEG TO THEM LESS RELIANT ON ONE COUNTRY`S ECONOMIC CONDITION -- BAD OR GOOD –

AND THE RELIANCE ON ONE COUNTRY DOES JUST THAT -- IT MINIMIZES WHAT EFFECTS THEIR RATE IN THAT COUNTRY FOR BUSINESS

Papatom: MD, do you know any country, whos currency is worth more than the dollar that is pegged to the dollar? I was un aware of the GCC countries being pegged to the dollar...am I reading that right? are they already there? or are they moving that way?

Millionday: THEY ARE REFERING TO THE MIDDLE EAST CURRENCIES BEING PEGGED TO THE US DOLLAR -- AND STATING THAT THEY WOULD LIKE THEM TO BE PEGGED TO THE SDR TO MINIMIZE FLUCTUATION AS A RESULT ON JUST THE DOLLAR FLUCTUATING

Millionday: I DONT KNOW BUT IT SEEMS THAT THE WORLD BANK WOULD PREFER ALL FLOAT IN THAT REGION SO THAT IS CERTAINLY INTERESTING TIMING FOR THIS REPORT FROM THEM

The Shoe: Why would they want that?

Millionday: BECAUSE IT CREATES AN EVEN MORE FAIR TRADING PLATFORM DURING LACK OF MARKET TIMES AND MAKES THE ACTUAL RATE CLOSER TO WHAT THEY ARE WORTH AT ALL TIMES ---

IF THEIR MARKET CRASHES SO DOES THEIR VLAUE RIGHT WITH IT SO IT IS MORE ACCURATE

The Shoe: What do you mean by all float in that region? Just trying to understand.

Millionday: I MEAN THAT THEY WOULD LIKE FOR ALL CURRENCIES TO BE PEGGED TO THE AVERAGE THAT IS SHOWN BY CALULATION OF THE CURRENCIES IN THE SDR (CURRENCY BASKET) –

WHEN PEGGED TO THAT THEY ARE NOT AFFECTED TO ONE COUNTRY AND THE LOWER VALUE THEY MIGHT ENDURE OR A HIGH VALUE AS FAR AS THAT GOES -- THIS ALLOWS A MORE LEVEL VALUE ---

THE US DOLLAR RATE FLUCTUATES AND THERE FORE AS WE HAVE WITNESSED -- SO DO THE CURRENCIES THAT ARE PAIRED WITH IT

VIP.DIGIman1: by them pegging to the SDR, would that not affect the exchange rate in itself?

Millionday: THAT WOULD AFFECT THE RATE BUT NOT THE TRUE VALUE -- THE PURCHASING POWER WITHIN THE COUNTRY WOULD BE THE SAME BUT THE PAIRING TO THE SDR WOULD THEN BE PAIRED TO THE US DOLLAR AND THE EURO ACCORDING TO THAT CALULATION AND LESS LIKELY TO FLUCTUATE ACCORDING TO ONE MARKET AS MUCH

.VIP.DIGIman1: it would still be calculated in USD then?

Millionday: IT WOULD BE AS ANY OTHER CURRENCY THAT IS PEGGED TO THE SDR

Millionday: YES IT WOULD HAVE A RATE BUT BE LESS LIKELY TO CHANGE SO MUCH FOR THE US DOLLAR FLUCTATIONS AND ONLY FLUCTUATE ACCORDING TO THE CALULATION AND THEIR MARKET GAIN IF IT FLOATS -- FIXED IT WOULD JUST AFFECT THE ORIGINAL RATE MOSTLY

Millionday: SDR IS AN AVERAGE OF CURRENCIES

Loopback: Is the Yen and Pound still part of the SDR? Or is it just Euro and USD?

_firefly_: The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling).

Millionday: The President of the Investment Commission of Baghdad, Shaker Zamili, that the draft Basmajh the biggest of its kind in the history of the state, and added: "We are awaiting the receipt of a payment for $ 350 million to complete the delivery of 10 000 housing units."

He Zamili told the "here Baghdad", under "special meeting" program: "We have orientations establishing industrial cities outside the cities along the lines of the industrial city in Alnehraon, has Asthsalna approvals Baghdad Secretariat for the transfer of the industrial cities outside the cities,"

pointing out that we are working on Coordination with the local administration to Baghdad to establish industrial cities in Latifiyah, Taji and Abu Ghraib.

Millionday: NOTE -- THE INVESTMENT LAW IS CALLED "HERE BAGHDAD " WHEN TRANSLATED

Millionday: NOTE -- PARLIAMENT AND COMMITTEES WORKING ON INVESTMENT ARE MEETING FOR DEVELOPMENT AS PROMISED -- PLEASE REMEMBER THAT ABADI HAS CALLED FOR ALL REFORMS AND GOV PROGRAM TO BE ACTIVATED ALONG WITH ALL CONTRACTS ETC

Millionday: He pointed out that Baghdad Investment Authority is working to build bridges of cooperation between the Baghdad Provincial Secretariat of the conduct of its work, pointing out that the investment actually began in 2010.

He explained that some of the electrical circuits and the like trying to extort businesses by providing the necessary services for its projects, saying that the non-application of the law leads to disregard a number of state institutions and blackmail investors.

Millionday: NOTE -- TRYING TO GO AROUND THE RULES SET BY THE SANCTIONS AND THE RULES THERE-OF --- THEY HAVE HAD SOME WORK DONE UNDER A NEED FOR SURVIVAL

Millionday: He explained that the powers of the Investment Commission of Baghdad prevents attracting major companies, noting that the investment law in Iraq has provided investors with a broad powers of the most important laws in the world.

Zamili stressed that the security situation does not constitute an obstacle to investors, but the reason for the reluctance of investment is the bureaucracy and red tape, saying that it can not be the investor that runs contrary to the rules and conditions as the sole loser of the investment process, unlike Contracting.

Millionday: NOTE -- THEY ARE SAYING THAT CONTRACTING IS A GIVEN AND HAS BEEN DONE BUT THE PRIVATE SECTOR HAS ROUD BLOCKS IN EXPANDING TO HAVE MERGERS AND INVESTORS AT THIS POINT DUE TO RED TAPE -- OR OTHER THINGS DEPENDING ON WHO YOU ASK

Millionday: THE GOAL OF THIS MEETING IS TO REMOVE ANY OBSTACLES DUE TO THE GOAL OF COURSE TO ENTER THE MARKET --PROMOTE IRAQ -- AND GROW AS A COUNTRY BY INVESTMENTS

Millionday: SMILE >>>>Zamili and hope that the government will continue Bdawatha to support the private sector, as well as the industrial sector, government support to be able to compete with the foreign product, along with the imposition of taxes on foreign goods, since the imposition of taxes on foreign goods is a support for local products.

Tsrihlt felt that some of the negative political impact on attracting major investment companies, and added: "we see a real will to support the national economy from the government and to provide an appropriate atmosphere to revive this economy."

Millionday: SO OBVIOUSLY THE REVIVING OF THIS ECONOMY IS THE GOAL OF ALL AND ONE OF THOSE STEPS IS TO IMPROVE THE PURCHASING POWER

AND ALSO SET THE REALITY RATE FOR THE DINAR ON THE MARKET AND ALSO MOVE THE ISX TO GLOBAL INVESTORS

The Shoe: Would that 350,000,000.00 come from the budget or somewhere else?

Millionday: ALL AMOUNTS THAT ARE DISTRIBUTED WILL COME FROM THE FUNDING OF CBI FOR THE BUDGET -- SO THEY WILL FUND THE DEVELOPMENT BANKS

AND ANY BANKS FOR PROVINCES ETC AND THEN AMOUNTS WILL COME FROM THAT -- UNLESS IT IS PRIVATE

preacherman: Just got here. Are we in the Gazette yet?

Millionday: THE BUDGET HAS NOT BEEN PRINTED YET

faith1: millionday ,, didn't we read in your first article that they want to make it easy / remove obstacles for the investors at the meeting ?

Millionday: YES -- THEY ARE USING EXPERTS TO HELP THEM TO CREATE THE EASIEST IN THE WORLD INVESTMENT LAW AS THEY PUT IT --

Millionday: NOTE -- THIS COMES DIRECTLY FROM THE NATIONAL RECONCILIATION

Millionday: The Concepts of the Civil Society

The civil society evolves from modern social and economical compositions, i.e. classes, professional categories, or any other interest groups. These changes in the Western countries were taking place synchronously with the capitalist and urban transformation, citizenship rights,

Millionday: and the birth of the modern concept of the national state. Although the factn that the loyalty to the national state should follow that absolute allegiance of its citizens, as a normal embodiment for the whole society,

however, a subsidiary objective allegiance manifests according to the individual selfinterest, hereby the allegiance concentrates in the class, profession, district, etc…

Thus, voluntary organizations emerge and their sphere extends to include the numerous interests of people, like political parties, trade unions, syndicates, clubs, and social institutions.

Millionday: NOTE - THE ECONOMIC CONDITION OF A COUNTRY IS INTERWOVEN --- IN THIS CASE THIS IS IRAQ -- AND OBVIOUSLY IT INCLUDES TRADE UNIONS AND THE ECONOMY THE CONSTITUTION PROVIDES

Millionday: The relation between the civil society and the democratic transformation seems clear and logic. Democracy is a set of basis for ruling the state and its institutions by means of peaceful administration of the relations between the various competitive groups and discordant interests.

Therefore, the fundamental measure for the civil society is the same fundamental measure for democracy. For instance, if we displace the system of the direct democracy in "Athens" or in "the city council", we’ll find out that the CSOs are the best channels for public's participation in rule.

Millionday: Civil Society Organizations and the National Reconciliation Process Civil society organizations have many advantages that may enable them to play an effective role in portraying a positive image for citizenship and national unity, as follows;

1 – Neutrality.

2 – Independence of decision-making.

3 – High effectiveness, especially after the extensive development of networking.

4 – The wide range of social and geographical effect.

Millionday: NOTE -- THIS IS FROM ALL PARTIES AND ALL GOV INSTITUTIONS -- INCLUSIVE OF OPPORTUNITY

Millionday: 5 – The societal legitimacy as a result of manifesting the voluntary and the non-profitable sides of the organizations work.

The CSOs could empower the principle of citizenship, which is considered the real concept for the national unity, through the following;

– Spreading the culture of citizenship and non-violence in their varied programs and activities.

– Spreading and development of the culture of dialogue, respecting the opposite opinions, and renunciation of the practices of exclusion and marginalization policies against any race or class.

– Development of their programs to combat ignorance, under-development, and illiteracy.

– Development of awareness campaigns, and spreading the knowledge on international agreements and protocols related to Human Rights field.

– Establishment of principles of the participative democracy and reconstruction of Iraq.

– Coordination, networking, and impact to redraft the constitution, exclude it from the entire racist, sectarian, or any other discriminative forms, and abolition of all the articles conflicting with the national unity, or threateningsocial fabric.

Millionday: NOTE -- THIS IS LIKE THE REFERENCE FOR RECONCILIATION BUT -- NOW COMES MORE ON WHAT THIS MEANS ECONOMICALLY

Millionday: The International Compact is an international initiative to strengthen the partnership between Iraq and the International community, it aims to implement a framework that seeks to achieve the national Iraqi vision aiming to achieve the demands of the Iraqi people in laying down the foundations for a united democratic state that is secure and stable, where all citizens have equal rights and duties,

Millionday: SMILE >>> it also seeks to set the foundations for a prosperous economy with a varied production base that can provide the requirements needed for sustainable development according to market factors, one that is open and assimilated with the world and other economies in the region,

in particular those of the neighboring states, making Iraq an effective member of international and regional organizations with the ability to offer aids to needy and underprivileged countries, allowing the private sector to play a leading role in economic activity,

Millionday: WHOOPOW

Millionday: with a special role for the government in regulating this activity, protecting it from the effects of external turbulences, protecting the poor and underprivileged communities from deprivation and starvation and to provide proper standards of public social services for Iraqi civilians.

Millionday: NOTE -- THEY ARE TO HAVE AVAILABLE BENEFITS FOR THEIR CITIZENS

Millionday: Internationally, the Compact lay down a work frame of mutual commitments inspired by the Madrid 2003 conference, the Abu Dhabi September 2006 Meeting, and the Kuwait October 2006 Meeting with the objective of a secured, stable and prosperous Iraq,

where good governance practice is prevalent and human rights are strongly secured by the sovereignty of law, other objectives include the sustaining and strengthening those commitments for the entire duration of the Compact and beyond,

Millionday: NOTE -- THIS IS THE REASON THAT ALL ARE EXCITED FOR THEIR POSITION TO BE PREPARATION FOR THE CONFERENCE OF NATIONAL RECONCILIATION –

THE REST HAS BEEN DONE AND IS SET FOR THE COUNTRY --- CIVIL IS AN ONGOING -- HOWEVER THE ECONOMIC PICTURE IS THE TURNING OF A PAGE THEY HAVE NOT DONE YET IN THE MARKET

Millionday: , as well as recognizing the achievements of the new Iraq as represented through the adoption of a constitution in November 2005, the conduct of parliamentary elections in December 2005, according to which the first permanent cabinet was formed in May 2006.

Millionday: NOTE -- THE BUILDING OF THE NEW IRAQ

Millionday: READ EVREY WORD>>>The International Compact declaration pointed out that security and political challenge, implementation of good governance practices and provision of basic services are major demands for progress in all other fields, including economic revitalization.

The Compact was firmly based on belief in the assumed interdependent relationship between peace and economic prosperity, national reconciliation, enhancing security and good governance, resuming economic and social reform are all important aspects of unleashing the Iraq development potential.

Millionday: WHOOOPOW

Millionday: The declaration also stated that applying the joint vision for Iraq’s future successfully requires the rejection of terrorism and extremism, holding debate, fostering national reconciliation, formation of professional security forces that are loyal solely to the homeland, hard efforts to eliminate terrorist threats, and finally coming up with a feasible solution for the merging of militias into security forces.

Millionday: NOTE -- WE OF COURSE HAVE BEEN WITNESSING THAT

Millionday: The declaration determined the major outlines for Iraq’s political and security needs as part of the governmental program and the national reconciliation plan, thus the following points are to be considered essential demands for the creation of a stable country and a robust society, so as to achieve reconciliation between the various components of the Iraqi people.

Millionday: NOTE -- HERE ARE THOSE COMPONENTS

Millionday: • Rejection of terrorism and actively attempting to quell it, rejection of violence targeting the state and violence amongst ethno-sectarian groups in the country.

• Respecting the sovereignty of law, including civil freedom and human rights.

• Building a democratic, federal Iraq that is united and sovereign.

• Adding a consensual pattern to federal democracy through a process based on unanimous consensus.

• A fair distribution of resources.

• Cooperation with neighboring states based on mutual interests.

Millionday: NOTE -- SO SOME BELIEVE THAT IT IS ALL CIVIL AND ALSO COMPLIANCE WITH DEMOCRATIC SYSTEM -- HOWEVER -- IT IS ALSO THE RIGHT TO PROSPER FOR ALL --

Millionday: The declaration also stressed that international partners will offer administrative, technical and financial support to aid Iraq in facing challenges as part of their mutual commitments, so that Iraq rejoins its regional and international sphere on a plateau of mutual respect fuelled by an effort to achieve mutual interests, the Compact stresses the Iraqi government’s commitment to combat corruption,

Millionday: which reflects the government’s responsibility toward its civilians so as to instill practices and institutes that are transparent whereby state employees are held accountable for their actions, the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds.

Millionday: NOTE -- THE DISTRIBUTION OF WEALTH IS PART OF THE NATIONAL RECONCILIATION

Millionday: >>>>>>The achievement of prosperity is an important aspect of this vision, as experiences in other regions have shown that continuous growth in employment and quality of life must be led by a strong, varied private sector.

The government has an important role to tend to in several ways, such as efficient administration of oil revenues, creation of a legal regulatory framework that rules the entire economy, protects the vulnerable groups and provides security. However, the true source of economic blossom must pass through the private sector.

Millionday: NOTE -- THIS IS VERY VERY IMPORTANT FOR EVERYONE TO READ

Millionday: The programs for investment and reform were also discussed in detail in the declaration, so as to fulfill the mutual commitments that both the government of Iraq and the international community will carry out jointly.

The procedures for reform and investment will be part of a mid-term financial framework that will help meet fiscal expectations within this mid-term duration.

The Compact also put in place a time frame for the work of international partners, including tangible financial obligations that are part of government reform efforts based on an internationally-recognized frame work by which the needs of Iraq are inspected. Millionday: NOTE --- HUGE PART OF THIS REPORT ---- UNDERSTAND --- THIS IS PART OF THE REFORMS WRITTEN RIGHT HERE

Millionday: NOTE -- THE REFORMS ARE BUILT ON AN INTERNATIONALLY RECOGNIZED FRAMEWORK

Millionday: WHOOPOW

Millionday: The declaration ends by providing a summary of the coordination, execution and follow up steps, list the assessment operations in alignment with the advisory team operations,

also based on ongoing national plans and aidcoordination mechanisms such as the national development strategy for example, sector work groups and other teams, enforcing them whenever need arises to reflect demands and arising development

Millionday: SO THIS IS OBVIOUSLY PER ANNOUNCEMENTS OF IRAQ THE CURRENT PHASE WE ARE IN RIGHT NOW -- THE PHASE OF REFORMS AND THE GOV PROGRAMS AS WE READ LAST NIGHT

Mary: Do you have access to the Gazette once everything is printed ? Like will you know right away or do you have to learn of it by other means. thanks..

Millionday: THE GAZETTE IS NOT ON-LINE -- HOWEVER IT WILL BE TOLD IN A PRESS STATEMENT SO IT WILL BE KNOWN RIGHT AWAY

faith1: the Compact’s major objective is the construction of a united, democratic Iraq where all citizens enjoy an equal distribution of resource regardless of their backgrounds. what does ..The procedures for reform and investment will be part of a mid-term financial framework ...mid term ?

Millionday: IT MEANS THAT THEY HAVE PLANNED TO FINANCIAL PORTION TO BE AFTER SOME OF THE THINGS HERE WERE DONE AND THEY HAVE BEEN –

SECURITY AND LAWS FOR THE CITIZENS AND CIVIL ACTIONS WITH ---- THE LAWS THAT HAVE BEEN PUT IN PLACE FOR A CIVIL COMMUNITY -- A SOCIETY THAT PROTECTS THE CITIZEN

msdiva: Millionday do you think we are still on the 15 day schedule for the signing of the Budget?

Millionday: THE PRESIDENT TOLD PARLIAMENT THEY COULD NOT TAKE A HOLIDAY TO RUSH THE BUDGET AND CBI HAS FUNDED THE DEVELOPMENT BANK SO I WOULD THINK IT WAS SOONER DUE TO THE HUGE RUSH AND THE CONFERENCES ETC THAT ARE SCHEDULED –

BUT AT THE END OF THE DAY IT IS ALL UP TO THE PRESIDENT

messenger: A reference was made to mid term goals how long is that midterm is it a year or two years of the four-year term of Abadi

Millionday: THE MID-TERM GOAL IS THE MIDDLE OF RECONCILIATION AND THIS PLAN FOR IRAQ ----

THERE IS MORE TO BE DONE AFTER THEY HAVE COMPLETED THE EMPOWERMENT OF THE PRIVATE SECTOR IN THE NATIONAL RECONCILIATION PLAN –

THIS IS TALKING ABOUT THE MIDDLE OF THE PLAN ITSELF WILL SEE THE ECONOMICAL THINGS DONE

Papatom: one thing i noticed is the participation of international companies training the iraqi's... that will enable them to become proficient in a short time to operate in a new world and make money to support a nice lifestyle working in different careers with competence....

and the cost will be born by the individual corporate partners...FORD ... G.E. .... APPLE.... Standard Charter ..... it's very complete.....

Millionday: YES -- THAT GOES ALONG WITH THIS PLAN STATING THAT THIS WILL BE WITH INTERNATIONAL RECOGNITION ---

THE ECONOMICAL PARTNERS ARE THE INTERNATIONAL COMMUNITY AS WE SEE IN THE ENTIRE CHANGING PLAN OF NATIONAL RECONCILIATION WHICH BEGAN DAY ONE AFTER AND DURING THE SANCTIONS

Millionday: WE HAVE NEWSTIME TOMORROW AT 730 EST

http://www.dinarupdates.com/observer/

http://www.dinarupdates.com/blog/

http://www.dinarupdates.com/showthread.php?15048-Millionday-1-30

Backdoc at KTFA: "Under a mattress, in the freezer"

KTFA:

backdoc » January 30th, 2015

Under a mattress, in the freezer: Why so many are hiding cash


Kelli B. Grant | @kelligrant
CNBC.com

Where to stash your cash? Some Americans are sleeping on it—literally.

While banks are still the go-to solution for most consumers, 29 percent say they're keeping at least some savings in cash bills and coins, according to a new survey of 1,820 adults from American Express.

Of those holding cash savings, 53 percent are hiding it in a secret location.

Millennials are even more apt than other generations to go the mattress or freezer route, with 67 percent of those saving cash saying that they hide it outside a bank account.

"We've long asked people about how they've planned to keep their savings, and for the past few years, we've seen an uptick in people saving cash," said Kimberly Litt, public affairs manager at American Express. This is the first year the company has specifically asked Americans about tucking away cash.

The survey also found that about 1 in 4 consumers anticipates a financial emergency this year, and hiding cash at home could be one way people are preparing.

"I've also heard of people using it as a budget technique, keeping cash in envelopes set aside," said Litt.

A five-minute fix that can help you save more

AmEx didn't ask where, exactly, that cash is stashed, but a 2012 Marist College survey of 1,080 adults found that the most popular place—with 27 percent of the vote—is the freezer.

A little less than 20 percent of Americans hide cash in a sock drawer, while 11 percent put it under the mattress and 10 percent secure it in a cookie jar. Another 9 percent keep their cash somewhere else in the house.

"We saw a surge of this back in 2008, when the banking crisis was going on," said security expert Todd Morris, founder and chief executive of BrickHouse Security, a company that sells security, technology and surveillance solutions.

The trend has continued in recent years, he said, with more people installing floor and wall safes to store important documents and cash.

Here's why your auto insurance jumped 41%

But keeping large amounts of cash in the house is something that makes personal finance experts cringe. "Can't discourage it strongly enough," said Greg McBride, chief financial analyst at Bankrate.com. "That's a recipe for problems down the road."

Primarily, that's because the funds don't have the same loss protections afforded to an FDIC-insured savings or checking account. "Keeping money stashed around the house leaves you at tremendous risk of theft or loss due to fire or some sort of unforeseen disaster," he said.

There are plenty of horror stories, such as the Israeli woman who in 2009 replaced her mother's old mattress, only to learn that it was where she'd hidden her life savings, an estimated $1 million.

Or the man in Moline, Illinois, who accidentally donated a suit with $13,000 stashed in a pocket.

That said, it's not a bad idea to have a little cash at home, for use in an emergency, said McBride. After a major storm, for example, ATM access may be limited or stores' credit card processing systems may not be working.

Keep on hand what you'd need to tide you over for a few days, with the exact amount depending on your family's financial situation, he said.

But even then, come up with a decent hiding spot. Thieves know which spots are popular, Morris said. "Burglars definitely know certain places to look, like the bottom of your sock drawers, and underneath your drawers, where it's easy to tape an envelope [of cash]," he said.

"If you think about your house and you know where things are, you can think about some places where people wouldn't look." Maybe a tool box in the basement, for example, or a little-looked-at book on your shelf.

Pick just one place, Morris said. Divvying up cash among multiple spots increases the chance of you forgetting one of the hiding places or otherwise losing the cash (say, by adding the pair of boots where it's stored to the yard sale pile, or throwing out that old hairbrush that's actually a diversion safe).

Be sure to tell at least one other person the location of your hiding place, he said. That reduces the chances of an accidental disposal, and also ensures your assets won't be lost if you suddenly pass away.

http://www.cnbc.com/id/102377632

Friday, January 30, 2015

Update from Enorrste: "No Law Forcing CBI to do Anything"

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Enorrste:

There is no law passed forcing the CBI to do anything.

There is only the "suggestion" of making a law.

In addition, the Parliament does not have the authority to force the CBI in this matter.

It simply can't tell the CBI what to do.

The CBI only has so many tools to adequately defend the value of the dinar, and open market operations (the auction) is one of the most important of them, especially at this stage of development in Iraq.

Selling or buying bonds is in its infancy in Iraq.

Due to their low inflation rate changing interest rates is also not a viable option. This leaves the CBI with what it is doing now, namely the auctions, to maintain the value of the dinar.

Furthermore...the CBI went on record last week that it is actually their intent to INCREASE the open market operations, rather than to limit them.

http://www.dinarchronicles.com/intel

Update from Tlar: "CBI's Credibility is at Stake"

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Tlar:

Anyone knowledgeable about economic investments knows that half of the success of a given investment is timing. I would be surprised if they ignore the timing altogether and go back to business as usual. Just as the Abadi government’s credibility was at stake in getting this budget passed, I believe the CBI's credibility is now at stake on their program to delete the zeros. Do it or shut up about the deletion of the zero program.

Their citizens have to be more tired than we are hearing, hearing and then hearing again about a future better life and bringing purchasing power to their currency. Somewhere this has got to come to fruition and the timing says that's now. Timing is everything. To drag this out another year would kill the momentum they have achieved IMO.

http://www.dinarchronicles.com/intel

Update from Adam Montana: "Dinar is a Fiat Currency"

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Adam Montana:

[Isn't the dinar back by gold...and not oil?]


the answer is "neither". The dinar is a fiat currency that is backed by nothing more than the CBI's willingness to pay a certain rate for it. Right now, they are paying $1 for every 1164 IQD. When they say "we are now paying $1 for every 10 IQD", that is the RV and it is backed by the CBI.

http://www.dinarchronicles.com/intel

S3A: Friday Evening Thoughts

Stage3Alpha:

jetdriver2:
Copied From Twitter
JC @JCR3758 Guys I would love to tell you exactly when the official RV with live rates will take place but I can't since I run out of characters to explain.

JC @JCR3758 All kidding aside, we are extremely close. Maintain your calm and professionalism.

R.V. / GCR
January 30, 2015 at 6:04pm

Monday i was told bonds move

AJM0603 > R.V. / GCR:
True as long as we RV this weekend...but I heard Wednesday as they still must unblock funds.

Ron Burgundy > R.V. / GCR:
I heard the codes for redemption were released yesterday afternoon EST.

Janie > Ron Burgundy:
IF the budget gets published tomorrow, then Iraq has no choice. Because everyone will be wanting the money they've just voted on in the budget. And once it's published, it (theoretically) must activate. I think Article 59 was a very powerful vote. Sounded to me like they were forcing the issue :)

R.V. / GCR > Ron Burgundy:
Lets keep going forward. The admin hold treasury side is still problematic, even to the discourse of the nation of Iraq becoming international without the full backing of the USA TREASURY. There are many countries that do not trust whats going on right now. I.e. MEXICO FOR EXAMPLE...That will not cash a vietnam dong or said zimbabwe note for any amount of money without the REPUBLIC and the Treaty of basel 3 even on Monday. The problem may be the mirror budget between the Reserve currency and the backing of the secret reserve currency the DINAR

Carden > R.V. / GCR:
Well, I will add to this comment. IMO Mexico will not cash any VND/IQD/RUP/ZIM without the UST guaranteeing the exchange which they have NOT done. During their recent coordinated currency exchange (this past Christmas) with a few well known currency holders they looked to China to provide the guarantee which they had been previously given and I understand they didn't hear back. Mexico central bank doesn't want to be stuck holding worthless Monopoly money from any country. Doesn't have anything to do with "REPUBLIC" or "BASEL 3". It's just simple good business practices.

I do agree the problem may be the mirror budget... that's a good call. The "secret reserve currency, the DINAR" tho, ain't so secret.Thanks, R.V.

Ron Burgundy > Carden:
Well hopefully the process has indeed started in earnest. I cannot imagine them being able to hold this back much longer!God Bless!

Janie > R.V. / GCR:
thank you for this clarification. this makes a great deal of sense. Problematic indeed - it's a problem that's been 100 years in the making, this lack of distrust. Any of us who've been following this trail for awhile also have that lack of distrust. Even after the eventual exchange, that distrust will still be lurking behind the closet door.

»»»»»»»»»»»»»»»»»

KThompson:
What is this mirror budget people are talking about.

Carden > KThompson:
Seems that throughout this escapade there have been remarkable coincidences between USA and Iraq that show this mirror effect over and over. Now if we learn of BIG CHANGES in USA budget that don't make sense to the average person we here will know what the reason is. Diminishing deficit/debt, for instance. The clues are obvious. The verbiage however, will not be so clearly stated nor explained, as in we now have asset-backed currency, pegged to the IQD, with debt paid thanks to the exchange of the IQD/USD purchased during Bush years and to pay for the Iraq war.

Janie > Carden:
And perhaps that's why Obama put all those domestic funding statements into his new proposed budget? Because now he can afford to fund them? - I thought about that the other day when he announced the proposed 2015 budget :)

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