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Wealthwatch  Monday   Chat 1-4-16
Doug_W: GM gang
Donnie: ‹@Doug_W› GM

Donnie: Winter arrived – 12 F outside now.
Donnie: high of 17 expected by 3 PM  🙁
chattels: Currency Auctions Announcement No. (3108) The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 4/1/2016 and the results were as follows: DETAILS NOTES Number of banks              25 Number of remittance companies        21 Auction price selling dinar / US$  1182 Auction price buying dinar / US$ — Amount sold at auction price (US$)               160,116,046 Amount purchased at Auction price (US$)       —– Total offers for buying (US$)               160,116,046 Total offers for selling (US$)  —–
chattels: 3108 …….. 04-Jan …….. 1,224 ……… 1,182 ………. 160,116,046    chattels: 1,224
chattels: www.cbi.iq/documents/C.B….
http://www.cbi.iq/documents/C.B.I.%20FOREIGN%20EXCHANGE.pdf
Donnie: so basically no change. No RV that the “self proclaimed gurus” called for. No surprise here.
Reidar Visser ‏@reidarvisser 37m37 minutes ago #Iraq PM Abadi issues orders to deal with “criminal gangs of Daeshis” thought responsible for burning Sunni mosques pmo.iq/press2016/4-1- (chattels)  PAGE NOT FOUND
chattels: oops
chattels: Reidar Visser ‏@reidarvisser 24m24 minutes ago Unlike sit in Iran, Iraq security forces are so far preventing demonstrators (Sadrists) from attacking Saudi embassy …almadapress-node-newspad…. …
http://almadapress-node-newspad.rapidpublish.info/#!/articles/1451908920028708400/
chattels: Sajad Jiyad ‏@SajadJiyad 7h7 hours ago Iraq Officials Face Monumental Task of Rebuilding Ramadi – WSJ www.wsj.com/articles/iraq… …
http://www.wsj.com/articles/iraq-officials-face-monumental-task-of-rebuilding-ramadi-1451858593
chattels: Iraq Officials Face Monumental Task of Rebuilding Ramadi Reconstruction from battles and Islamic State’s scorched-earth policy is expected to cost $10 billion
Doug_W: GM “oops”
Doug_W: its very cool here now in the 40’s
chattels: Finance Minister Hoshyar Zebari revealed that the government may not be able to pay employees’ salaries during the month of April next year, due to lower oil prices.
chattels: And between in a newspaper interview “in the past year, we have succeeded in the distribution of salaries, but this year, according to estimates available to me, we have exposed to the problematic in the month of April may not be able to distribute the employees’ salaries for that month, this is a reality and people must know” .
chattels: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3593
Doug_W: I say again GM “oops”
chattels: Zebari, in a newspaper interview, ……
chattels: Excellent and insightful read on many issues.
chattels: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3595
chattels: Finance Minister Hoshyar Zebari, said the Iraqi Central Bank reserves fell to $ 59 billion, revealing that he was thinking not to grant a full staff salaries and keep some loans, due to lower oil prices.
chattels: ” …………. at this time no one can, not even Iraq to continue on the previous policy, because it is impossible live on oil revenues only, …………… ”
chattels: He noted that “there are several alternatives [oil], including borrowing from international institutions, few benefits, and we did it.
For example we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, we have introduced a monitoring program on how we manage financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard.
chattels: He explained that” The other option is how to raise the Iraqi dinar exchange rate, although Choose the risk and could have repercussions, but we thought of not granting full salaries, and to keep some of our loans, and give a document that we will give money when the offer we have, and the other option is to sell oil and receive money in advance,
in addition to raising the pricing of services option water, electricity and fuel, but it is not easy, any government applied be subject to the reactions of citizens, economic and making painful,
but it is said that any economic decision, if not painful, it is not a decision, and there are seven million people are paid salaries of Iraq’s total population of 36 million, and distribute monthly estimated four billion dollars in salaries.”
chattels: Read more on Peshmarga, OIl / Gas revenues, Kurdish disunity, annual debt, IMF, etc., etc.
TheCatInTheHat: Should be the only option….raise the rate
chattels: ” Raising the rate ” in the context of the foregoing makes the IQD worth less to the dollar I believe.
chattels: Note : “I’m not trying to justify to the Government of al-Abadi, but this government does not have the intention to anti-Kurds, which is better than the previous government, for example, it did not create any problem for the Kurdistan Regional Government that oil sells independently since June of last year, ..”
TheCatInTheHat: Understood!
chattels: ” ………… the Kurds have the right to self-determination , and this is contained in the preamble to the Constitution, which says that the Iraqi people remain together as long as it is committed to the Constitution, but if the constitution broke The opportunities available, and I say that this government is better than the previous government, there is room for us to reach several agreements with them, the government is looking for more solutions and appreciates the situation in Kurdistan, ………….. ”
TheCatInTheHat: So what are we looking at as a time frame?
chattels: ‹@TheCatInTheHat› A time frame for greater value to the IQD that we speculated upon ?
TheCatInTheHat: Yes!
chattels: ‹@TheCatInTheHat› I have not the intelligence or “connectedness ” to opine as to such. I just hope that it happens some day.
TheCatInTheHat: Yes we all do!
chattels: ” …………. we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, ……… ”
chattels: ” …………. we have received help from the International Monetary Fund, and a few days ago we received one billion and 200 million dollars from the World Bank, ……… ”
chattels: ” ………… we have introduced a monitoring program on how we manage financial and economic policy, and if we could get help more of them, as we intend to sell sovereign bonds, because the situation in Iraq this year better than last year in this regard.”
chattels: ” On Iraq, the annual debt, the finance minister pointed out that” a lot of debt, and we rate them annually, which exalts the Iraqi state, but the Paris Club loan will not rise
Since our signature Agreement agreed to cancel 80% of Iraq’s debt to pay off only 20% of them in the form of premiums, our internal and external debt of $ 30 billion, which is few compared with other countries.
“and the total imports Iraq, pointed out the Minister of Finance, that” Iraq’s budget 105,000,000,000,000 dinars, the actual revenues of 80, and the deficit 25 trillion, and we agreed with the IMF on the need to have revenues equal expenses, and we are in the test this year.”
chattels: ” ………… we agreed with the IMF on the need to have revenues equal expenses, and we are in the test this year.”
chattels: If the test being conducted by the IMF is a year long then ………………………..
chattels: :: 2016/1/4 16:25 • [Baghdad – where] Parliament Speaker Salim al stressed that Iraq must him to be at the center of the process of reconciliation in the region as a whole and not part of the existing polarization processes. wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3596
chattels: 18:52:58 2016-01-03 | (Voice of Iraq) – Baghdad, a security source said on Sunday that he was executed Qatari fishermen abducted in Iraq in response to the execution of the Saudi authorities Nimr. Among the executed number of the ruling family in Qatar. Read more: www.sotaliraq.com/newsite…
http://www.sotaliraq.com/newsitem.php?id=313205#ixzz3wHflxk12
chattels: The foregoing should generate reconciliation, eh ?
chattels: 15:42:33 2016-01-04 | (Voice of Iraq) – Baghdad has decided to determine the Presidency of the Council of Representatives on Tuesday day on January 19 th, the beginning of the second legislative term for the second year. The Information Office of the President of the Iraqi Council of Representatives 01/04/2016 Read more: www.sotaliraq.com/newsite…
http://www.sotaliraq.com/newsitem.php?id=313350#ixzz3wHgMjs2E
Doug_W: they have lived N died this way for centuries I double it will change “OVERNIGHT” “c”
chattels: ‹@Doug_W› You are correct.
chattels: 15:42:33 2016-01-04 | (Voice of Iraq) – Baghdad has decided to determine the Presidency of the Council of Representatives on Tuesday day on January 19 th, the beginning of the second legislative term for the second year. The Information Office of the President of the Iraqi Council of Representatives 01/04/2016 Read more: www.sotaliraq.com/newsite…
http://www.sotaliraq.com/newsitem.php?id=313350#ixzz3wHhT7jBX
chattels: OK, looks like the 19th for the resumption of the Parliamentary dog and pony show.
chattels: Marie Antionette said, ” Let them eat cake.”. Iraq can say, ” Let them go to the mall. ”
[09:11:11 AM] chattels: Baghdad Investment announces Babylon Mall at a cost of $ 15 million wealthwatch.world/showthr…http://wealthwatch.world/showthread.php?tid=3597
chattels: Supposedly spoken by her upon learning that the peasants had no bread.
chattels: 3.5 million Iraqis are displaced and without a home. The sentiment of ” Let them go to the mall. ” would be equally detached from reality as the French Queen.
chattels: Going to work. New day, new week, new year. Thankful to have work to do.
chattels: Reidar Visser ‏@reidarvisser 53m53 minutes ago Iraq Shia hardliners incl Badr agree on response to Saudi re #SheikhNimr execution, incl cut of diplo, economic ties
LINK
chattels: LINK

TxBrand: http://wealthwatch.world/blab/attachments/7319a6a99ace8bb9a3ebeb83b6e199c3.jpg
OOTW: I HAVE FOUND SOME NEWS WHICH HAS PIQUED MY INTEREST
OOTW: ACCOUNTABILITY AND JUSTICE LAW ENACTED? Interior Announces Upgrade covered by law
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3599
OOTW: HERE IS THE ARTICLE – AND THEN I WILL FOLLOW WITH A PRESS RELEASE FROM THE MINISTRY OF INTERIOR’S WEBSITE
OOTW: Interior Announces Upgrade covered by the de-Baathification officers [Image: story_img_568a2868dc06a.jpg] The Ministry of the Interior, announced the promotion of officers to the rank of the highest covered by the procedures of the accountability and justice [de-Baathification previously].
According to a statement of the Information Office of the Minister of Interior received by the agency all of Iraq [where] a copy of it, “Interior Minister Mohammed Ghabban convene a meeting of stakeholders in the administrative agency of the Ministry to discuss the upgrade,”
noting that “the initial meeting to discuss the procedures and the mechanism that promised administrative agency in the preparation of upgrade schedule December 2016 “.”
The Agency has been able to develop a centralized system to extract the names of the persons entitled to the upgrade of the officers according to an electronic system centrally and Overture agencies and directorates and configurations to match the names and the receipt of the objections that have been identified for a month and extended month last expired on 12.31.2015.
OOTW: “covered by the procedures of the accountability and justice”
OOTW: “noting that “the initial meeting to discuss the procedures and the mechanism that promised administrative agency in the preparation of upgrade schedule December 2016”
OOTW: “and configurations to match the names and the receipt of the objections that have been identified for a month and extended month last expired on 12.31.2015.”
OOTW: NOW HERE’S THIS FROM THE MINISTRY OF INTERIOR’S SITE
OOTW: January to discuss the upgrade schedule for 2016 / Interior Minister held a meeting with the administrative agency. Topic has been read 60 times [Image: %D8%AA%D8%B1%D9%82%D9%8A%D8%A9.jpg] 01/03/2016 23:52
Where the Agency was able to develop a centralized system to extract the names of the persons entitled to the upgrade of the officers according to an electronic system centrally and Overture agencies and directorates and configurations to match the names and the receipt of the objections that have been identified for a month and extended month last expired on 31/12
The Agency has received nearly four thousand objection has worked to address them in accordance with the Law and controls were the preparation of initial menus and included three lists for all ranks from lieutenant to the rank of Brigade according to the following: -1. upgrade to rank higher
OOTW: 2-upgrade to rank higher and retirement and as requested by the officer
OOTW: “3. upgrade to rank higher for procedures covered by the accountability and justice conditional on the approval of the Commander in Chief of the armed forces on the excluded.”
OOTW: And other meetings will be held to approve the final lists, it should be noted that the administrative agency has made great efforts in the preparation of this system which will be developed to ensure transparency and to achieve higher accuracy to be upgrade according to entitlements and are unmistakably
OOTW: AGAIN HERE IS THE THREAD LINK
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3599
OOTW: HERE IS A PARAGRAPH FROM AN ARTICLE ON THIS LAW FROM JULY 2015 – WHICH IS ALSO WHEN THE PARLIAMENT SITE STATES THIS LAW WAS LAST READ (EARLY JULY) –
THE PARLIAMENT SITE SHOWS ONLY ONE READING OF THIS LAW HAS TRANSPIRED
OOTW: July 7, 2015Comments on the parliamentary committee: Accountability Act gives pension rights for members of the Saddam Fedayeen and Baathist people closed 124 Visit The chairman of the Commission on Reconciliation and Justice and Accountability in Parliament MP Hisham al-Suhail, Tuesday, that the draft ban Baath Party Law and Justice and Accountability includes granting pension rights for the Fedayeen Saddam and members of the divisions and branches of the Baath Party, while noting the existence of the efforts to separate the ban on accountability law.
OOTW: ” while noting the existence of the efforts to separate the ban on accountability law.”
OOTW: I CANNOT VERIFY THROUGH OFFICIAL SITES THAT THIS LAW HAS BEEN ENACTED, CERTAINLY THERE SEEMS THE POTENTIAL, VIA THE WORDING IN THE FIRST ARTICLE (WHICH I THINK FOR NOW IS TOO ARABISH TO SAY ONE WAY OR THE OTHER) THAT THERE IS AN INTENTION TO ENACT (AT LEAST) PORTIONS OF THIS LAW BY DEC 2016 – ALTHOUGH THE SUBSEQUENT ARTICLE STATES WITHIN ONE MONTH FROM DECEMBER 2015
OOTW: I FIND THIS INTENTION VERY, VERY INTERESTING – BECAUSE IT WOULD SEEM FUTILE TO ENACT SEGMENTS OF THIS LAW, APPLY IT TOWARDS MEMBERS/SEGMENTS OF IRAQI POLICE/MILITARY – IF THE LAW WERE NOT EITHER IN FORCE, OR WERE SOON TO BE?
OOTW: ARE THEY SIMPLY ENACTING A PARAGRAPH OF THE LAW (FOR NOW)?
OOTW: HERE IS ONE SECTION OF THE LAW
OOTW: Article 9 of grades civilian and military ranks and decorations and titles granted to member band canceled or above in the ranks of the Baath Party (defunct) because of their affiliation to the party in question, and revoked privileges implications
waldowould: Please clarify what this has to do monetary reform
OOTW: I DID NOT STATE THAT THIS HAD ANYTHING TO DO WITH MONETARY REFORM – HOWEVER, CERTAINLY, IT HAS BEEN A LONG HELD BELIEF THAT ANY LAWS PERTAINING TO DISTANCE FROM THE BAATHIST REGIME AND OR WHICH PROVIDE COHESION WITHIN IRAQI SOCIETY – SUPPORT ECONOMIC REFORM – WE HAVE MANY SUCH ARTICLES IN OUR FORUM
OOTW: HERE IS BUT ONE SUCH THREAD   OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3028
OOTW: ALSO THIS LAW RELATES TO PENSIONS
OOTW: AND MUCH MORE
OOTW: I WILL POST (AGAIN) THE TEXT OF THIS LAW IN TODAY’S THREAD
OOTW: ALSO THIS LAW GOVERNS GOVT EMPLOYEE CONDITIONS
OOTW: AGE LIMITS / REQUIREMENTS AS WELL AS EDUCATION REQUIREMENTS
OOTW: THIS WOULD APPLY AS WELL TO MEMBERS OF THE JUDICIARY
OOTW: THAT’S VERY IMPORTANT
Doug_W: Nan was asking about U I will tell her ur still kicking
OOTW: THESE CONDITIONS APPLY TO ALL MEMBERS OF THE GOVT INCLUDING IN FINANCIAL DIVISIONS
Doug_W: its about time there were some rules OOTW
OOTW: HERE IS THE LINK TO THE TEXT OF THE LAW
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3599&pid=8728#pid8728
OOTW: YEP DOUG
waldowould: Yep, tell her I send her my best wishes
Doug_W: will do Waldo
[01:57:11 PM] Doug_W: ‹@waldowould› DONE my friend
OOTW: HERE ARE THE “REASONS” FOR THIS LAW AS STATED POST LEGAL TEXT – AT BOTTOM OF LAW
OOTW: Reasons A continuation of the measures taken by the Supreme National Commission for Accountability that justice in the purge of Iraqi society and state institutions of the Baath Party system (dissolved), and the purpose of the assignment of members of organs of repression and associates of the former regime into retirement and to bring those who committed their crimes against the Iraqi people or enriched at the expense of public money to the competent courts ,
due to the existence of cases of affiliation my photos to certain categories of people to the ranks of the party (dissolved) with no faith in the ideas of the Baath dictatorship and its repressive practices,
For the purpose of reconstruction of not rank of Full Member or above to function, and in order to prohibit the return of the Baath Party (defunct) or be a part of political pluralism or party in Iraq and prevent the emergence of parties or entities or persons adopt racism, terrorism or atonement, or ethnic cleansing, or incite or pave or promote or glorify or justify it, especially the Baath and its symbols,
under any name whatsoever and punished, and for the simplification of the grievance and appeal procedures in the decisions issued by the Board of the right covered by its provisions,
OOTW: THIS WOULD ALSO REMOVE PROTECTIONS FOR ANYONE ASSOCIATED WITH THE BAATHISTS AND OPEN THEM UP FOR PROSECUTION OF CRIMES, INCLUDING CORRUPTION
OOTW: IT PROVES SLIGHTLY DIFFICULT 😉 TO SEE HOW THEY CAN ENACT ONE SECTION OF THE LAW – WITHOUT THE ENTIRE LAW BEING PASSED/ IN FORCE
waldowould: Democracy is an ongoing process, working sometimes but it has its own loopholes
OOTW: INDEED
OOTW: ON ANOTHER TOPIC, I’M WATCHING THE REP FOR THE OREGON RANCHERS ON TV…HE IS AN HIGHLY ARTICULATE GENTLEMAN AND MAKES A GREAT CASE FOR THE RANCHERS
OOTW: THE LIST OF GRIEVANCES AGAINST THE GOVT SPEAK OF WHAT I CONSIDER SIGNIFICANT BREACHES OF THE CONSTITUTION
OOTW: HOWEVER, THE METHODS UNDER WHICH THEY TOOK OVER THE FED BUILDING – MAYBE NOT SO GREAT 😉
Doug_W: imagine them going to jail 4 an accidental fire
Doug_W: Arson OMG how pitiful an approach
Donnie: Oil may fall to $18 amid Gulf tensions: Kilduff
Donnie: “I think you’re going to get as low as $18 and maybe get as high as $48. … It’s going to get really ugly,” he told CNBC’s “Squawk Box.” “The Iranians doubled down again, if that’s even possible, by saying that they could put 500,000 more barrels on the market within weeks after the sanctions get lifted.”
Donnie: read more here: finance.yahoo.com/news/oi…
http://finance.yahoo.com/news/oil-may-hit-18-amid-113708873.html
Donnie: Internationally traded Brent crude (Intercontinental Exchange Europe: @LCO.1) rose about 2 percent to $38 per barrel on Monday, supported by Iranian-Saudi tensions. OPEC has declined to impose production caps to prop up crude prices, accelerating a rout that has cut the cost of oil by two-thirds from its highs in 2014.
“OPEC maybe as we know it is over because these two are not going to be coming together any time soon on modifying or moderating production,” Kilduff said.
Doug_W: to Iran this is a windfall they have been operating with out ANY oil income to speak of
Donnie: ‹@Doug_W› as far as you know….
Donnie: they are good friends of Turkey and Russia which either could have been selling Iranian oil

Doug_W: very true