Prudence12: Family, IMO
This article that Walkingstick brought us earlier today,
Economists rule out a control on prices due to the continuing change
Parliamentary Finance proposes to the central «cancel» difference in the exchange rate between the auction and the market
is just what I was waiting for, because here we had Keywords speaking at a symposium, speaking about the dinar being tied into the national identity – and the necessity for defending it!, mentioning the various options for float solutions and at the end talking about achieving a real value.
Funny but about a week before China tinkered with their calculations for achieving their currency value and did revalue – last August, I think? – they put out an article similar to this.
As did Switzerland. I think the idea is here being planted….waiting for water and sunshine now.
Prudence12: I am having trouble keeping up with all the HAPPENINGS this month, aren’t you?
Therefore, I have updated my Calendar yet again! Newly added items appear in pink.
APRIL CALENDAR – UPDATED 4/12/16
4/11 – Bd. Of Guvs of Fed Res held a closed meeting at their DC Offices to consider advance and discount rates to their 12 regional banks. Met with our president and vice president, also.
This week: Federal Reserve to hold separate daily meetings with 3 of America’s largest banks – I believe they are JPM, Citi and WF (pls correct me if my memory fails on this)
4/12 – 13 G20 meets in Washington, DC
4/13 – Syria holds parliamentary elections and the following day plans to send a delegation to Geneva with its proposed solution for continued UN peace negotiations
4/14 – Iraqi Parliament to vote on Abadi’s Cabinet nominees
4/14 – LAST DAY of Iraq’s 1-yr national bond issue
4/14 – 4/25 – critical time for us to study all happenings in Iraq, governmental and economic – and anything else, as Frank had mentioned to us.
4/15 – 4/17 – IMF mtg in DC possibly 4/14, also
4/16 OPEC and related parties mtg in Qatar
4/18 – NY Fed Res Bank to host US-MENA Dialogue
4/19 – the new Shanghai Gold Exchange, the world’s largest physical gold exchange, launches its Gold Spot Price, which will be set by a variety of mostly Asian banks
4/22 – 4/25 UN WTO Silk Road Task Force mtg in NW Iranian Province
4/26 – 4/27 (regularly ) scheduled FOMC mtg of the Federal Reserve
5/1 – I believe this is a CBI Holiday
Yes, a heck of a lot of action. Here is the thing. I like it. What you have basically is many, many countries sending their heads of state and/or finance to Wash, DC, for a series of interlocking, overlapping meetings and side-meetings – all being reported (in a boring fashion) in the financial press.
Oh to be a FOTW (fly on the wall)!!!!!
Anyway, IMO, it is all good. We are at the end of a major historical chapter for mankind, and what is put in place of a failing system MUST BE A MAJOR IMPROVEMENT.
These meetings reflect that our governments care and are awake at the very least. They have been talking about retooling the financial system in a formal way since 2010 that I know of, but I suppose probably earlier, informally.
Let’s send them our prayers. What have we got? 208 separate countries? May they all be on the same page.
Blessings to You, Prudence12
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Don961: Apr 13 2016
Iraq’s parliament to meet over PM’s cabinet plans amid protests
By Saif Hameed
BAGHDAD, April 13 ( Reuters ) – Iraq’s parliament will hold an emergency session on Wednesday at the request of lawmakers who are protesting after plans by Prime Minister Haider al-Abadi to introduce a cabinet of technocrats to curb corruption were blocked.
Several dozen members of parliament began a sit-in on Tuesday to demand Abadi stick to his plans.
The prime minister presented a modified line-up on Tuesday after his initial cabinet list was blocked by parliament’s dominant political blocs.
Abadi last month presented parliament with a list of 14 names, many of them academics, to free the ministries from the grip of a political class he has accused of using a system of ethnic and sectarian quotas instituted after the U.S.-led invasion in 2003 to amass wealth and influence.
The cabinet reshuffle is part of long-promised anti-corruption measures Abadi needs to deliver or risk weakening his government as Iraqi forces mount a campaign to recapture the northern city of Mosul from Islamic State militants.
Parliament Speaker Salim al-Jabouri agreed to hold an emergency session on Wednesday, Nahida al-Daini, a Sunni lawmaker taking part in the sit-in, told Reuters .
The vote on the modified cabinet list is planned on Thursday.
“We represent 137 MPs and we seek to depose the three presidents and discuss the reforms,” said Daini, referring to the top three state positions — the president, prime minister and speaker of parliament.
The dominant blocs in the 328-member parliament back Abadi’s modified line-up, which includes some of their own candidates.
Abadi proposed the new cabinet under pressure from the clergy of the Shi’ite majority and popular discontent at the lack of basic public services in a nation facing an economic crisis caused by falling oil prices.
Many of the protesters inside parliament are supporters of powerful Shi’ite cleric Moqtada al-Sadr who had organized street protests in the past weeks to pressure the prime minister on reforms, and some MPs representing the Sunni minority.
Iraq, a major OPEC exporter which sits on one of the world’s largest oil reserves, ranks 161 out of 168 on Transparency International’s Corruption Perceptions Index.
http://www.zawya.com/story/Ira…..5N17G1OEX2
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Walkingstick: U2’s Bono lobbies US Senate for ‘Marshall Plan’ in the Middle East
Bono has lobbied in Washington and other world capitals for a variety of causes including debt relief, alleviating world poverty and fighting AIDS.
http://www.jpost.com/Middle-Ea…..ast-451043
Walkingstick: U.S. treasury secretary calls for reform of int’l financial system
April 12, 2016
U.S. Treasury Secretary Jacob Lew on Monday called for reform of the international financial architecture to allow the United States to continue benefiting from the system.
In a speech delivered at the Council on Foreign Relations, a think tank,
Lew said that the United States have reaped significant benefits from the international financial architecture put in place after World War II, and it has to take necessary steps to preserve and strengthen the country’s position and secure the benefits.
The United States should work with its partners to further modernize the International Monetary Fund and the global trading system, make the World Bank and the regional development banks more efficient and effective, and reform the international financial regulatory system, Lew said.
With regard to the relationship with China, Lew said the United States and China have a unique responsibility to work together to advance shared prosperity, maintain a constructive global economic order, and make progress on critical challenges like climate change. Endi
http://www.china.org.cn/world/…..224949.htm
Mountainman: Well this Article is Very Insightful for WHAT and WHY we See the CHANGES Globally in The NEW GLOBAL REALITY……
This Is One IMO……..that ENCOMPASSES {ALL} that is TRANSFORMING our GLOBAL Monetary System as We Knew it to be……and HOW it is Going to be Very Very SOON……..
As far as The USA/CHINA “Relationship”…….The TWO Largest Economies {WILL} Work Together for it {BENEFITS} Both Sides and POWERFUL they will be…….as the NEW GLOBAL REALITY becomes More shall we say………… (VISIBLE/TANGIBLE)…… For [ALL]
Sovereign Countries Personal Affairs “Had to Be” HANDLED FIRST before we would See Anything from Any ONE Country,Thus the Purpose/Reason for “ALL” the Trade Agreements etc….then This “REALITY” will HIT the Masses Globally……..
So NOW is the TIME for APRIL SHOWERS w/ the Obvious Outgrowth of MAY FLOWERS……..and the COLORS and FORMS are Beautiful INDEED……”IF”……You are One to Preserve History…….this is One that will Bring About Much Conversation for {GENERATIONS to COME}…….???…..
HOW is DEBT Created and WHY…..???……..Well……Now You Know “WHY” 188+ Countries Signed the CLIMATE CHANGE Agreement {RECENTLY}…….Globalization and (TAXATION) makes A Residual Inflow of MONEY……for 12/1 that [RULE OVER NATIONS]……IMO
Blessings,Mountainman (8)=New Beginnings
