Chat Room – News Excerpts & Highlights
BGG says():Hey gang – we’re about ready to get started you all ready for News Time?
dwsdad says():yep
Okie Dinar says():Yes
tycho says():ready
watchman42 says():YES SIR
stunningone says():Yes
BGG says():s 73
dale says():Yes
stunningone says():Getter done
BGG says():Ok let’s do…
sassy says():I know I am
magnetlady says():WAHOO
BGG says():OK gang – gonna’ be a short, powerful News Time tonite, since there is only a few things that matter going on right now.
Once I cover this stuff, I’ll open it up for an extended Q & A…
BGG says():First off…
BGG says():17 hours ago
BGG says(): Iraqi Day (not a terrible news source)… tweeted out this
Then later today…
Dinar Dave says():tweeted nothing??
BGG says():roughly 6 hours ago Iraqi Day tweeted this…
#ISIS CALIPHATE HAS ENDED. #Iraq forces storm 4 districts in #Mosul today & gains are incredible, only 2 districts left under ISIS control.
“gains are INCREDIBLE”…
Earlier today the Fox News Ticker said that Iraqi Spec Ops and U.S. backed-Commandos had breached the final line of defense and fortifications held by ISIS in Mosul.
so I guess these GURU’s saying there will a rate 5 days after Mosul is retaken are about to be “on the clock” once again…
BGG says():: D which I care little about – but we are about to see what we see.
Prognostication – that is… I care greatly about the actual fruition of our investment.
They could actually have Mosul completely liberated by tomorrow (if they make the same gains as today).
Not that I am saying that – or predicting it… I am just putting some context on things.
Pablo says():: )
larrykn says to BGG():just got a news article that is dated tomorrow if you want it brought in
pacella says():Can some one expail aboutnTEL AFAR Im confuse I though we were just waiting for Mosul
pacella says():or TM23 just blowing smoke
pacella says():explain
Dinar Dave says():Lol
BGG says to pacella():Hard to say for sure – depends entirely on what the IMF, UN and WB are comfortable with regarding security.
david212 says():Does the lentght of timeline of the currency reform havel arge enough negative consequenses to delay the economic recovery? and the
BGG says to pacella():I’m not saying I know for sure one way or the other – I do not. I doubt very much the process is a long one – it will be entirely up to them and their level of international acceptance and support.
david212 says():Is there an economic cliock ticking
david212 says():Thanks BGG
pacella says():Why would’nt the US not want it liberated?
BGG says to david212():I doubt it on both counts – IMHO.
They do need the reforms to start fairly soon – but it’s not dire in some “have to” sort of way.
BGG says to pacella():not an issue – the US does want them liberated. Non-issue.
eman4u55 says to david212():there is in my house
eman4u55 says():srryo
BGG says to eman4u55():: D
jxxl1501 says():I thank everyone for all the hard work,, But is the Round Table gone .. ?
pacella says():ok thank you BGG s51
BGG says to larrykn():You had some News to share?
larrykn says to BGG():5/15/2017 0:00 Mosul / morning with the rising of a new dawn on Sunday, our heroine began a sweeping attack from three axes to free another revival of the right side of theconnector.
The championships coincided with successive victories in terms of Kairouan by the popular crowd Snaded Almsnaudin Btiran army forcing terrorists to flee towards the center of the besieged currently in preparation for storming it .
According to the commander of operations (coming, Nineveh), Lieutenant – General Abdul Amir Aarallah, the “joint military forces stormed at dawn on Sunday , four neighborhoods simultaneously in advance and set off Juhavlha three axes.
” He said in astatement issued by the media cell war that “anti – terrorism forces began at dawn stormed neighborhoods Oraibi and Rifai from the western axis and was able during thebrief period of the destruction of enemy fortifications Aldaasha and inflict heavy losses.
“He added that “at the same time embarked on forces of the Federal Police of Force rapid response supported by the Fourth Brigade Thirty of the Armored Division IX stormed theeconomic district and the southern part of the neighborhood (July 17) , which is one of the most prominent and the most dangerous spots Daesh gangs, and able forces destroy the block lines and crossing defenses the enemy Aldaasha collapsed.
” The ninth Armored Division troops stormed the northern part of the neighborhood itself, and destroyed his defense lines. He stressed that the team Aarallah forces continue toprogress in all axes.
Military experts believe that this progress and after the liberation of the neighborhood (July 17) will not be left only part of the old areas of the city, where our troops are approaching the narrow collar down more terrorists holed up in . They pose achallenge because of the nature of the narrow alleys of densely populated area ofcivilians.
BGG says to larrykn():Nice – so they think the 17th??
larrykn says to BGG():no the 17th is a village of some sort not a date
BGG says to larrykn():My bad – that seems to be a bad interpretation…
BGG says to jxxl1501():you mean the calls??
jxxl1501 says():yes
larrykn says to BGG():on the map it says 17th next to some type of writing
BGG says to jxxl1501():Nope – just haven’t done one in a while… I think everyone has been hoping we wouldn’t need another one
Okie Dinar says():Anymore questions?
jxxl1501 says():Ifeel they are more inforative
beachandcountry says():IN A MIN IF O K ?
BGG says to jxxl1501():We will do more – everyon has just been busy.
BGG says to jxxl1501():Plus – wouldn’t you rather not need one soon??
jxxl1501 says():thank you very very much
BGG says to jxxl1501():Then we can have calls about all kinds of other stuff.
Okie Dinar says to BGG():( y )
BGG says to jxxl1501():like don’t give your Dinar away to internet hucksters.
puffdragon says to BGG():s 73
Josie says():? (Have something to share that I saw today)
david212 says():Thank you BGG
jxxl1501 says():no problem !
BGG says to jxxl1501():If we put together some kind of deal for everyone to exchange under a better deal – you will get to hold your own Dinar all the way to the exchange… or we won’t do it.
jxxl1501 says():I like that idea
Josie says():Direct from Haidar Al-Abadi via Twitter today: “PM Al-Abadi discussed with @IBBC_London President Baroness Nicholson expanding investment opportunities in Iraq” (note: IBBC stands for Iraq Britain Business Council which facilitates business, trade, investment, human resources, training and transfer of technologu and know how into the Rep of Iraq ) http://www.WeBuildIraq.org
l love that Al-Abadi himself wanted to Tweet this out. (Check out their web site)
BGG says to beachandcountry():You got a ??
BGG says to Josie():NICE!! Thanks.
larrykn says():whats your thought about Turkey
cjquade54 says():I prefer dark meat lol
BGG says to larrykn():Erodgan is a thug… but smart… not sure how that will go.
larrykn says():yes heard today he wants the usa out
Josie says():On a day that has opened up multiple fronts in Mosul, Abadi is busy with “what’s next” foreign investment opportunities
ABNewsflash says to larrykn():I read that 250 turkish companies want to do business in Iraq
BGG says to larrykn():Us putting 6 airbases in Kurdistan will put him on his heels. He can “want” all he wants. Doesn’t mean he’ll “get”…
larrykn says():(y)
BGG says to larrykn():he also purged his own military recently – the guy is a red-boned dictator.
larrykn says():I don’t think he will last to long myself
BGG says to larrykn():we are fortunate to have a fighter as a leader. We will need it… no matter what.
The fight was already coming.
larrykn says():agree
tman23 says():Barzani and Erodgan will be in DC this week….. COINCIDENTAL TIMING !
BGG says to ABNewsflash():Hey bud – thanks for all the News today.
pacella says():Well PRES. TRUMP is no push over
BGG says():Last article excerpt.
ABNewsflash says to BGG(): Sure thing
BGG says():Article: “Abadi, Sadr near alliance as Maliki renounces majority governance” Quote: “Iraqi Prime Minister Haider al-Abadi is nearing an “electoral alliance” with influential Shia religious and political leader Muqtada al-Sadr in a bid to isolate former PM and premiership hopeful Nouri al-Maliki, according to a newspaper.”
A tipping point to change the course of Iraqi politics away from Maliki? You bet it is.
stunningone says():Trump will not put up with any nonsense…
larrykn says to BGG():wow
Maureen1 says():Erodgan is visiting the White House on tuesday
Okie Dinar says():Please remember we are still in newstime
david212 says():?
BGG says():Erodgan better hope he doesn’t get N** S***ed while he’s there. Him rolling up on The President acting all big and bad is not wise.
beachandcountry says():TURKEY BASES BEING REPLACED I THINK UP COMING HIGH LEVEL TRIP U S OFFICIALS TO MID EAST N ISREAL UNREAL!
PRAY FOR THE TROOPS LIBERATING LAST STRONGHOLDS UNREAL ERODGAN WILL KNOW HE BETER CO OPERATE OR BE GONE EVENTUALLY TOO! SORRY BBG IF I SOUND LIKE TOO MUCH GUROOOO TALK” WE HAVE BEEN KICKIN — OVER THERE!
david212 says():Erdogen wants to get rid of all Kurds a losing battle He is a snake.
BGG says():Once a Muslim leader told President Jefferson to “kiss the ring” – President Jefferson said “I think I’ll round up a bunch of Bad ***es, call them Marines and arrange for you to meet them”.
david212 says():Yes
larrykn says to BGG():O yes lol
BGG says():it appears we’ve quit teaching history.
angus says():they are wiping it from our schools and our cities……
BGG says():OK gang – any dinar related ??’s We’re nearing the end.
david212 says():Thanks a s usual BGG
Okie Dinar says():Thank you everyone for joining us for News Time!!
magnetlady says():A HUGE THINK YOU BGG TO YOU AND ALL THE NEWSHOUNDS WE HAVE HERE AT D U.
Okie Dinar says():Thank you Mags for coloring and copying!!
BGG says():s 70
BGG says():Thanks everyone!!
coco1 says to subgirl():Thank you all!!!!
magnetlady says():and OKIE DINAR THANKS FOR BEING THE ONE TO RIDE SHOTGUN TONIGHT.
larrykn says():thank you BGG
Okie Dinar says():Thank you BGG!! Great Newstime!!
reynoldse2 says():thank you for keeping our spirits up BGG
willie60 says():Thank you BGG and the DU team.
larrykn says():things are looking good now
coco1 says():Try that again, Thank you all!!
Okie Dinar says to magnetlady():Glad to be able to help!
pacella says():THANK YOU EVERYONE AND ALL THE MOTHERS OUT THERE HAPPY MOTHERS DAY.
Gman says():Thank you guys BGG and team
BGG says():Happy Mothers Day everyone.
stunningone says():It will be a very interesting week with HUGH happenings…..
magnetlady says():Thank you BGG
dale says():Thanks BGG
Okie Dinar says():Thank you Pacella and BGG
Okie Dinar says():Happy Mother’s Day ladies!
pacella says():THANK YOUs51s59
hunter59 says():Thanks BGG, OD and Everyone
Okie Dinar says to hunter59():You’re welcome
stunningone says):Nite All…Thanks for the briefings tonight….
AAADR says():Very exciting news!
Okie Dinar says to stunningone():GN
ABNewsflash says():One more article i would like to share with you all B4 i hit the hay!
ABNewsflash says():Hard currencies and “easy” solutions!
2017/05/14 (21:01 PM) – Number of readings: 216 – Number (3923)
d. Najeeb Al Obeidi Economists and even ordinary citizens have been accustomed in recent years to sound the alarm to warn against a drop in Iraq’s hard currency reserves.
The last statement on this matter was to the Governor of the Central Bank of Iraq and the agency on the relations, which confirmed three months ago that the balance of foreign reserves amounts to 49 billion dollars.
The foreign currency balance has fallen by more than a third from a record high of $ 77 billion in mid-2014.
This clearly indicates a serious structural imbalance in the balance of payments that can not be resolved by easy administrative decisions, especially as indicators suggest a continued depletion of foreign exchange reserves in Iraq at near and medium levels.
All this threatens to increase pressure on the national currency and cast further doubt on the country’s ability to finance imports and necessary investments.
Everyone agrees on the reasons for the sharp drop in foreign reserves, mainly composed of US and European treasury bonds, as well as cash balances in the currencies of the dollar, the euro, the pound and the gold bullion, two of which are no different.
The decisive factor behind this crisis is the collapse of oil prices since June 2014. Prices recovered relatively late in 2016 after OPEC and Russia decided to cut production rates, but the return of black gold prices to their previous levels remains a distant dream as the supply surplus persists for the foreseeable future.
Hence, it is not permissible to rely on an imminent and imminent rise in prices. However, another reason for the problem lies in lower interest rates at the global level, which also means that the CBI earns less money on US and European bonds and on foreign exchange reserves in foreign banks, which account for the lion’s share of Iraq’s foreign reserves.
Against the near-consensus on the reasons, there are significant differences in the proposed solutions to the crisis of the collapse of foreign exchange reserves.
Most of the members of the Economic Committee in the Iraqi Council of Representatives and many interested in economic affairs are focused on the fight against money laundering and what they call “smuggling” hard currency and the black market and criticism of the currency auction of the Central Bank and even the demand to stop him on suspicion of corruption in the sale of dollars to private banks and banking companies.
Some also proposed charging for foreign currency conversion. Some even go so far as to call for a monopoly on hard currency by the state and to prohibit the treatment of citizens and private companies.
Combating money-laundering, smuggling and potential corruption remains an important and urgent issue regardless of the size of the currency reserve. In this regard, there are laws that the Central Bank and other state bodies must strictly enforce.
But the legitimacy of these measures does not justify the call to impose arbitrary administrative restrictions on dealing in hard currency and look at the dollar and the euro as a saved fortunes can not touch.
The demand for state monopoly on hard currency is, to say the least, an essential feature of totalitarian regimes. Hitler and Stalin entered the history of economics as the first to apply this monopoly as a permanent principle of economic policy.
This principle then became a dominant policy in socialist countries and in developing countries that followed the strategy of public sector dominance. Like Saddam Hussein, the tyrant has “masterminded” the control of hard currency in the country until it has already become the preserve of him and his family and close associates.
The result of this sterile policy was not limited to the recovery of the black market, the collapse of the Iraqi dinar and the deepening of imbalances in the distribution of income, but also to the emergence of harmful social phenomena and behaviors.
There is no doubt that many Iraqis remember how some foreigners and Iraqi expatriates acted during the siege as if they were “kings” simply because they had a few hundred dollars. LINK
ABNewsflash says(): Have a Good Night everybody!
http://www.dinarupdates.com/showthread.php?49117-NEWSTIME-WITH-BGG-and-Co-%96-Sunday-May-14-2017&p=173443&viewfull=1#post173443
