News With Links & Discussion
Wealthwatch OOTW Chat 12-30-15
OOTW: IF SOMEONE ASKS YOU TO TURN OVER YOUR DINAR – DO NOT LISTEN TO THEM OOTW: ENTER INTO “GROUPS” AT YOUR OWN RISK
OOTW: WHETHER THEY ALLOW YOU TO HAND ONTO YOUR DINAR WHILE YOU PARTICIPATE IN THE GROUP OR IF THEY REQUEST YOU TO TURN THEM OVER…REGARDLESS OF THE CIRCUMSTANCES…OUR SITE DOES NOT SUPPORT THIS POTENTIAL ACTION BY YOU, THE DINAR HOLDER
Tootsie: ‹@OOTW› sound advice. Do not let the dinar out of your hands
OOTW: THANKS TOOTSIE!
Tootsie: I , personally, know of a few who fell for some of the ‘nonsense’ – one and a group of his friends went to NY, were guaranteed to have a wire transfer in their banks by Tuesday ~ guess what! NEVER HAPPENED. their dinar are gone, along with expenses to get to NY etc
Tootsie: and don’t forget the many who went to Reno, sat in a room waiting, waiting — sure. never saw their dinar again also.
Tootsie: This is just the tip of the iceberg. You are more intelligent than to fall for any such ‘scheme’ . There will be only one rate, and it will be when internationally acceptable legal tender. and will be worldwide.
Tootsie: If I remember correctly, CBI will announce, will be picked up by the markets (forex) and then the banks. All will be a very quick process.
Tootsie: No “in country Tootsie: nonsense Tootsie: for legal tender
Tootsie: and China has no say either
rocknrollbus: Has anyone heard about the Tarriffs being turned on 1/1/2016?
Tootsie: The first of the year is around the corner. Let us see if they hold to their word re: Tariffs and other items. IMF presence is great; plans are great; implementation is PRIMO
Tootsie: ‹@rocknrollbus› yes, we shall see, hopefully not a replay of last year, what with the IMF babysitting lol
OOTW: ROCKNROLLBUS OOTW: I WILL PULL IN SOME VERBIAGE FROM THE 2016 BUDGET BRB
OOTW: B – A Sales tax shall be levied on imported goods in accordance with the following table, (and shall accordingly work until Law of Customs Tariff comes into force): Final Iraq Budget 2016 23 Article Tax rate Notes 1 All kinds of cars 5% Levied at registration in transportation departments 2 Tobacco and Cigars 100% Collected from the General Commission for Taxes 3 Alcoholic beverages 100% Collected from the General Commission for Taxes C – The amended Customs Tariff Law No. 22 for 2010 shall be activated, in addition to Consumer Protection Act No.1 for 2010 and Iraqi Products Protection Act No.11 for 2010 to be implemented on all Iraqi border points to accomplish justice.
OOTW: “AND SHALL ACCORDINGLY WORK UNTIL LAW OF CUSTOMS TARIFF COMES INTO FORCE”
OOTW: “UNTIL LAW OF CUSTOMS TARIFF COMES INTO FORCE”
OOTW: “Article 53: This Code shall be published in the Official Gazette and put into effect as of January 1st 2016. Reasons: This Code has been legislated to approve The Federal Budget of the Republic of Iraq for the Fiscal Year 2016. ”
OOTW: SO I WOULD CAUTION THAT WHILE IT SEEMS ACCORDING TO THE VERBIAGE OF THE BUDGET THAT ALL THAT’S IN THE BUDGET WILL BE COMING INTO FORCE IN 2016 – THERE ARE TWELVE MONTHS IN 2016
OOTW: I MUST STATE THAT PROVISO
lonegunman: Just sitting here on the beach
Tootsie: ‹@lonegunman› ?? beach?? pulling my leg?
lonegunman: Margaritas nope in jamaica
Tootsie: ‹@lonegunman› oh, right!!! I forgot~
lonegunman: Loved the christmas card
Tootsie: ‹@lonegunman› I am in hope that next Christmas I will be spending it on Xmas cruise with those important to me!!
lonegunman: Took us 12 hrs to get here should have been 5 or6
Tootsie: ‹@lonegunman› gosh, ~ too bad, weather certainly has taken a toll on travelers
lonegunman: Hey maybe we will see an end to this 3 ring circus
lonegunman: Going to eat and crash
Tootsie: ‹@lonegunman› k, tell spouse hello! and have a blast, ok?
Doug_W: where in Jamacia
lonegunman: Catch you tomorrow
Doug_W: I spent 8 lovely days in Ocho Rioos many years back
lonegunman: ‹@Doug_W› montego bay
Doug_W: have FUN
lonegunman: ‹@Doug_W› for sure at least going to relax
OOTW: HERE IS THE LINK TO THE ENGLISH VERSION OF THE 2016 BUDGET -WITH ADDITIONAL INFORMATION POSTED IN THE THREAD wealthwatch.world/showthr…
OOTW: AGAIN I WILL SAY THAT AWAKE-IN-3D’S COMMENTS POSTED IN OUR CHAT ROOM LENDING SUPPORT TOWARDS GROUP BUY INS/PARTICIPATION – ARE ABSOLUTELY UNSUPPORTED AT OUR SITE –
NEVER TURN YOUR DINAR OVER TO ANYONE – AND IF THE GROUPS STATE THAT YOU MAY RETAIN YOUR IQD WHILE YOU’RE A PARTICIPANT IN THE GROUP…
ENTER AT YOUR OWN CAUTION AND PERFORM DUE DILIGENCE – I DO NOT RECOMMEND, NOR DO I PROMOTE/SUPPORT ANY GROUP RATE PARTICIPATIONS – THIS, IMO, IS A SCAM
OOTW: ANYONE HAS POSTED A COPY OF OUR CHAT LOG FROM 12-28-2015 – I STRONGLY REQUEST THAT YOU ALSO PLEASE POST OUR REBUTTAL TO AWAKE-IN-3D’S POSTS –
OOTW: THANK YOU VERY MUCH FOR POSTING OUR REBUTTAL
OOTW: I WANT TO SHOW YOU ALL THIS
OOTW: THE CABINET PUT OUT A PRESS RELEASE TODAY
OOTW: 12/30/2015 15:13 It directed the General Secretariat of the Council of Ministers ministries and provinces all adopt the updated list of projects under the general budget for the 2015 law. This came at the Council of Ministers Resolution No. 428, which provides for the addition of infrastructure projects in the Ministries of Education and electricity to it, and that under Article 26 of the Budget Law.
OOTW: HERE IS ARTICLE 26 FROM THE 2015 BUDGET
OOTW: Article – 26 Cabinet authorizes the development of infrastructure projects determined on according to need ministries and provinces have no more than five (5) billion dollars and implemented on the basis of payment term and that deserves after a period of not less than (3 installment) years from the date of completion, taking into account the share the Kurdistan region of $ (17%) of the amount above. wealthwatch.world/showthr… http://wealthwatch.world/showthread.php?tid=48
Butifldrm: Happy New Years Everyone
Butifldrm: Hi Woods
Butifldrm: I want to bring in this one paragraph from the budget for discussion
MichelleL: hi everyone! Happy New Year, Merry Christmas, Happy Kwanza and Happy Hanukah 🙂
Butifldrm: E – The amount of $5 (five dollars) shall be approved for every barrel of crude oil produced in the province, and, $5 (five dollars) for every barrel of crude oil refined in the province refineries $5 (five dollars) of natural gas produced in the province.
Every province is to choose either revenue producing methods above and allocate an amount of 1,086,800,000 thousand dinars (one trillion, eighty-six billion, eight million dinars) for projects to the producing provinces and territories, out of allocations referred to in item (First; Article
OOTW: HI BUTI
Butifldrm: I am not sure if Kurdistan will receive the $5 dollars on top of the 17%
Butifldrm: ok so her is article 1
Butifldrm: Article 1: First: A – The estimated General Federal Budget revenue of the fiscal year 2016 is estimated 81,700,803,138 thousand Iraqi dinars (eightyone trillion, seven hundred billion, eight hundred and three million and one hundred and thirty eight thousand dinars) as illustrated in (Table A – revenues according to preparation of the budget) attached hereto to this law.
B – Revenues from export of crude oil on the basis of the average price of $45pb (forty-five dollars per barrel) and an export rate of 3,600,000 bpd (three million and six hundred thousand barrels per day), including 250,000 bpd (two hundred and fifty thousand barrels per day) accumulated from amounts of crude oil produced in the Kurdistan region and 300,000 bpd (three hundred thousand barrels per day) accounting the quantities of crude oil produced by the Final Iraq Budget 2016 Final Iraq Budget 2016
OOTW: I’M GOING TO PULL IN SOME OF A SKYPE CONVO BUTIFLDRM AND I ARE HAVING ON THIS
OOTW: THIS IS JUST FOOD FOR THOUGHT, CLEARLY SHE AND I NEED MORE TIME TO FURTHER RESEARCH THIS AND REPORT BACK
OOTW: [5:05:19 PM] BUTIFLDRM: art 26 has to do with infrastructure from 2015 budget [5:05:56 PM] BUTIFLDRM: The 2016 budget takes presidence
[5:06:29 PM] BUTIFLDRM: I don’t remember seeing the 5$ allocation in the 2015 budget this is a first [5:06:52 PM] BUTIFLDRM: I am not sure that is what we need to find out
[5:07:46 PM] BUTIFLDRM: we need to relook at the 2015 budget
[5:08:29 PM] BUTIFLDRM: I am thinking this budget was voted on without any problem because of the 5 dollar allocation to the provinces
[5:08:54 PM] BUTIFLDRM: it goes along with the province and governorates law
[5:09:23 PM] BUTIFLDRM: this may delay HCL
[5:09:26 PM] OOTW: THERE HAVE BEEN PRESS RELEASES ESP FROM THE PARLIAMENT SITE INDICATING THAT THEY MAY ALLOW THE LAW OF THE PROVINCES TO ACT ALSO REGARDING KURDISTAN – WE STILL HAVE TO WAIT TO SEE IF THIS COMES TO PASS
[5:10:06 PM] BUTIFLDRM: or these clauses in the budget/s may be a test run to see if both parties comply
OOTW: THERE ARE MANY FIGURES FROM THE 2015 AND 2016 BUDGET’S WHICH BUTIFLDRM AND I HAVE TO CROSS REFERENCE – IT WILL TAKE TIME
OOTW: THE ANALYSIS WILL HAVE TO WAIT UNTIL AFTER THE HOLIDAYS, I’M SORRY TO SAY
OOTW: HERE IS A VERY INTERESTING ARTICLE FROM NEWBIE TYVM
OOTW: Special – scales News Detection of the parliamentary finance committee member Husam punitive, Wednesday, for the activation of customs tariffs as of 1/1 in all provinces and border crossings in the Kurdistan region, while the government called for a non-recourse to the salaries of its staff during the passage of the country’s financial crisis.
He’s punitive / scales News / “touched on the government not to private employees’ salaries as much as possible under the circumstances plaguing the country.”
He revealed, “activating the customs tariff as of 1/1 in all provinces and border crossings in the Kurdistan region,” calling on the government to “obtain the non-oil revenues in addition to the necessity of obtaining the all court fines and benefits obtained from mobile phone networks and the Internet.”
He called for “hold negligent and corrupt, leading to the advancement of the financial reality of Iraq,” stressing the need to “stay away from touching the employees’ salaries and not be manipulated.”
OOTW: CLEARLY THIS OPINION IS COMING FROM SOMEONE WHO DOES NOT WANT THEIR SALARY ALTERED
OOTW: AS IT STANDS, THE WEALTHY ARE THE ONES GOING TO BE PAYING THE CUSTOMS FEES FOR LUXURY GOODS UNTIL THE IMPOSITION OF TARIFFS COME INTO EFFECT
OOTW: I HAVE CONCERNS BECAUSE AS IT STANDS, THE POOR ARE ALLOCATED RATIONS VIA RATION CARDS
OOTW: THEY PAY FOR THEIR VERY BASIC FOOD NEEDS VIA RATIONS
OOTW: AND THE GOVT HAS RECENTLY PUT OUT PRESS RELEASES STATING THAT THE STRONGLY ENCOURAGE IRAQIS TO BUY IRAQI NATIONAL PRODUCTS
OOTW: WHY THE NEED TO ASSERT THESE STRONG ENCOURAGEMENTS IF THEY’RE GOING TO GIVE THE PEOPLE BUYING POWER?
OOTW: UNLESS THE BUYING POWER IF ASSIGNED TO THE DINAR IS MINIMAL
OOTW: JUST ENOUGH TO OFFSET THE TARIFFS
OOTW: SO IF A COUPLE OF THE VIDEO’S AND ARTICLES WE’VE SEEN, ELUDING THAT THE POTENTIALLY ASCRIBED VALUE OF “DOUBLE THE VALUE OF THE DINAR” WHICH WOULD BE TWO TENTHS OF A CENT, VS THE CURRENT VALUE OF ABOUT 1/10TH OF A CENT IS WHAT THEY MEAN WHEN THEY IMPLY GIVING THE DINAR MORE VALUE
OOTW: THE ARTICLES I’M REFERRING TO ARE STATEMENTS WHICH CAME OUT LAST SUMMER QUOTING SALEH AND ANOTHER ECONOMIST FROM A VIDEO WE HAD TRANSCRIBED HERE, BY A TRANSLATOR
OOTW: IN THE VIDEO THEY TALK ABOUT MANY INTERESTING TOPICS INCLUDING DELETING THE ZEROES
OOTW: THEY ALSO STATE (TRANSLATION IS BASIC) THAT THEY INTEND TO ASCRIBE ABOUT DOUBLE THE CURRENT BUYING POWER
OOTW: SO FOR NOW I CAN ONLY RELATE WHAT IS PERHAPS THE LITERAL TRANSLATION
OOTW: I WILL NOT PROMOTE OUTRAGEOUS DINAR VALUES
OOTW: I HAVE TO STICK WHAT NEWS MAY WELL BE STATING
OOTW: REGARDLESS, IF THEY DO ASCRIBE A VERY NOMINAL INCREASE, IT WOULD, IN EFFECT, BE GIVING THE IRAQI’S BUYING POWER
OOTW: THERE ARE MANY ASPECTS I WOULD ENCOURAGE YOU ALL TO REVIEW
OOTW: WHO ARE IRAQ’S PRIMARY TRADE PARTNERS IN THE ME?
OOTW: WHAT ARE THE VALUES OF THEIR CURRENCIES?
OOTW: HOW DO THEY PRIMARILY CONDUCT TRADE?
OOTW: IS THE DINAR CIRCULATING WITHIN THESE OTHER COUNTRIES?
MichelleL: very interesting questions
OOTW: MY FRIEND AND PEER, BUTIFLDRM ASCRIBES TO THE NOTION OF A POTENTIAL GCR
OOTW: I VACILLATE ON THIS TOPIC
OOTW: YES MICHELLEL
MichelleL: I have doubts as to the whole “reset” theories I’ve heard for years
OOTW: ABADI HAS COME OUT AND MADE PUBLIC STATEMENTS TRYING TO ASSURE THE PEOPLE THAT IRAN IS NOT CONTROLLING IRAQI POLITICS NOR DECISIONS
OOTW: BUT…I’VE ALSO READ PRESS RELEASES DIRECT FROM MINISTRY SITES STATING THAT MEMBERS OF THE IRANIAN GOVT IN ATTENDANCE AT SOME OF THESE MEETINGS
OOTW: SO I HAVE TO WONDER OOTW: YES ME TOO MICHELLE
MichelleL: any thoughts on the iranians “restitution” for the hostages from the 80s?
OOTW: BUT I DO THINK THAT WE HAVE DEFINITELY SEEN SOME KIND OF IMPLICATIONS THAT CHINA AND RUSSIA WANT TO MANIPULATE OR HAVE A HAND IN CURRENCY CHANGES IN ORDER TO FLEX THEIR MUSCLES
OOTW: THERE WILL NOT BE FULL RESTITUTION THERE NEVER CAN BE
OOTW: IT WILL BE THE COMPARISON OF FINANCIAL LIP SERVICE
OOTW: IRAN IS PERFORMING A JUGGLING ACT VS WHAT CAN WE GET AWAY WITH VS WHAT THE WORLD EXPECTS FROM US SO WE CAN KEEP OUR NUC DEAL IN TACT
MichelleL: nevertheless, the compensation of 4.4 mil per person for the 440 days is interesting
OOTW: THAT’S MY OPINIO BASED ON THE MANY ARTICLES I’VE READ FROM THE IAEA AND THE IRAN PROJECT
OOTW: AND FROM MYRIAM RAJAVI AND STRUAN STEVENSONS WRITINGS
OOTW: IRAN HAS PLENTY OF GOLD
MichelleL: I don’t personally believe that nuke deal will stand once there’s any sort of admin change in the US – unless its a lateral change with a hillary or another o clone
OOTW: FROM ALL I CAN GLEAN THE IAEA IS ALLOWING IRAN TO GET AWAY WITH TESTING – I CAN’T PROVE THIS, BUT THIS MAY WELL BE TO SUPPORT THE KERRY/OBAMA AGENDA/DEAL MADE WITH IRAN
OOTW: IT SEEMS MANY COUNTRIES WANT TO SUPPORT IRAN’S RETURN TO THE GLOBAL STAGE AS SOME KIND OF (WHAT I SEE AS HAS TO BE) SUPPORT FOR THE WORLD ECONOMY
OOTW: YES IT COULD WELL BE TENTATIVE UNTIL THE TIME THERE IS SUCH A CHANGE
OOTW: REMEMBER WHAT KERRY SAID
OOTW: HE SAID THAT THE NUC DEAL HINGES ON OTHER MAJOR COUNTRIES RETAINING THEIR PEG TO THE USD AS THE RESERVE CURRENCY
OOTW: NOW THAT’S A BIG THREAT
OOTW: OR IF IT WAS A WAY FOR KERRY TO BLACKMAIL THE DEAL INTO FORCE
MichelleL: so if Iran pegs to the yuan, or other countries, the deal is gone? I don’t believe in his power in this – all lip service
OOTW: I DON’T KNOW FOR SURE IF THAT MEANS THE DEAL IS GONE, BUT THAT WAS KERRY’S IMPLIED THREAT
OOTW: WE HAVE THE VIDEO POSTED IN BUTIFLDRM’S “MY RESET” THREAD
MichelleL: these politicians have been stamping their feet for years – no one in the global circus actually buys into it at the moment – why should they?
[12/30/2015 07:40:16 PM] MichelleL: if there is no fear of the US – the threats mean nothing
OOTW: I’M NOT AN OBAMA SUPPORTER, HOWEVER, I WOULD THINK THAT HE AND OTHERS IN HIS CABINET ARE PRIVY TO INFO OTHER POLITICIAN’S MAY NOT BE
OOTW: YIELDING TO IRAN’S DEMANDS IMPLIES THE US DOESN’T WANT TO FLEX THEIR MUSCLE, OR AGAIN, THERE’S SOMETHING WE DON’T KNOW – OR OF COURSE THEY’RE BLUFFING
MichelleL: ‹@OOTW› I’m sure they are as are all heads of state – just don’t believe we carry the same weight we did 10 years ago
OOTW: WELL CERTAINLY, OR FOREIGN POLICY IS LACKING
MichelleL: me neither – luckily there are better heads than mine studying this stuff 😉
OOTW: LOL – BUTIFLDRM HAS A BROADER SCOPE ON THIS THAN I
OOTW: HOWEVER WE DISCUSS THESE TOPICS ALMOST DAILY
OOTW: IT’S GOING TO GET DOWN TO GOLD AND WEALTH AND CURRENCY BEING USED AS LEVERAGE
OOTW: THAT SEEMS TO BE WHAT’S HAPPENING
MichelleL: you’re both more involved in this now – I’ve phased out over the last few years, now its more of a curiosity to me
OOTW: *OUR FOREIGN POLICY IS LACKING
MichelleL: but its also like a bad soap opera 😉 No matter what they “imply” we stand at the same place week after week, waiting for some satisfaction to the cliffhanger
MichelleL: lol what foreign policy
MichelleL: time for me to put some food on the table for my beloved – I keep warning him, when he retires, this service stops 😉
OOTW: EVERYONE THAT ISN’T IN THE TOP PERCENTAGE OF EARNER’S – THEY ARE HURTING AS FAR AS I CAN TELL OOTW: OKAY TAKE CARE HUGS
MichelleL: very peculiar times OOTW – they’re doing away with the middle classes on a constant basis – we are all becoming the “new poor”
MichelleL: you too sweetie 🙂 If I don’t see you again before then, have a very Happy New Year!
OOTW: SO TRUE OOTW: THANKS DARLING
OOTW: I’M TAKING A BREAK – HAVE A GREAT NIGHT EVERYONE AND HAPPY NEW YEAR