News With Links & Discussion
Wealthwatch Saturday Chat 1-23-16
Tootsie: Good Saturday to all ~
Tootsie: Specialists: International Bank lending might apologize for Iraq 2016-05-23 Baghdad/JD/… After plummeting oil prices to unprecedented levels and the absence of prudent economic policy,
read the economic and financial future of the country by successive Governments, warned the number of specialists and observers of the economic and financial vulnerability of the country to financial bankruptcy and the Government unable to pay employees and retirees lack sufficient cash liquidity amid low global oil prices, oil prices likely to below $ 10 a barrel,
while noting that international banks and friendly States might apologize for Iraq to meet the lending crisis Due to the lack of financial assurances real ability of the Iraqi Government to pay debts in the future.
He says the economy and Investment Committee member Rep. Burhan Al-mamouri, that Iraq will pass a severe financial crisis in the next two months that could lead to the non-payment of salaries of staff schedule, because of low world oil prices.
Mamouri said of agency/JD/: that governmental solutions to the current financial crisis besetting the country futile, including external borrowing which could not be achieved because there is a crisis of confidence between the Iraqi Government and international banks and even countries friendly to Iraq,
as Iraq may not be able to pay its debts in the future in the absence of an integrated infrastructure in addition to the lack of vital productive sectors can be a substitute for oil as agriculture, industry and tourism, as well as the Iraq war waged against terrorist gangs which need significant funds.
And continued so that international banks will apologize for Iraq if it asked its lending to the financial crisis or the budget deficit, calling on the Government to resort to alternatives other than oil focus on productive sectors such as industry, agriculture and tourism as well as citizen awareness and in stil confidence in which to deposit his money in Iraqi banks because there is a crisis of confidence
Tootsie: dang, I hate when my clipboard does not clear.~ GRRR ~ here is the last para prior to the WWlink
~~ The representative of Sistani in Karbala Sara during his speech at Friday prayers that “everyone knows that Iraq possesses strong State economically and financially as it blessed
Yes various possibilities of both minds and hands his sons or natural resources in the subsoil and appearance, but the successive Governments of the country since decades didn’t work to harness this potential for serving the people and providing a decent life,
but squandered most of its financial resources on wars and temporary rulers freaks Dictators. ”
NET said “in recent years, despite the Governments emanating from free elections but the situation has not changed for the better in many areas but increased the suffering of citizens in many ways,
mismanagement and the size of financial and administrative corruption on the one hand and the deteriorating security situation
Meanwhile barred from the investment potential of the country and its financial resources in the service of his happiness.” He called on the Government to the need to find alternatives and real plans to cope with the financial crisis./finished/8/
Tootsie: on a lighter side ~ A little boy opened the big and old family Bible with fascination. He looked at the old pages as he turned them. Then something fell out of the Bible and he picked it up an looked at it closely. It was an old leaf from a tree that had been pressed in-between the pages. “Mommy, look what I found,” the boy called out. “what have you got there, dear?” his mother asked. With astonishment in the young boy’s voice, he answered: “It’s Adam’s clothes!!!!!” Tootsie: Have a great day, ~
OOTW: HERE’S THE LINK OOTW: TY TOOTSIE OOTW: wealthwatch.world/showthr…
OOTW: APOLOGIES USE THIS ONE PLEASE OOTW: wealthwatch.world/showthr…
OOTW: A PATTERN IS EMERGING RE DISCUSSIONS ON THE INTENTIONS FOR THE EXCHANGE RATE
OOTW: PLEASE GO INTO THE FORUMS TO READ FURTHER TY
OOTW: I AM NOT CONFIRMING THE RATE DISCUSSED IN THESE ARTICLES, I’M SIMPLY ENCOURAGING YOU TO READ
Doug_W: ‹@OOTW› wasn’t that just one person’s idea of how to solve the crisis ?
OOTW: ITS AN IDEA THAT CONTINUES TO BE PROMOTED – AND HE IS AN ADVISER TO ABADI
OOTW: SO WE’LL SEE
OOTW: THE INVESTMENT LAW HAS BEEN PUBLISHED IN THE IRAQI LAW LIBRARY
OOTW: TO READ THE FULL TEXT – PLEASE SEE THIS THREAD
OOTW: I’M QUITE SURPRISED THAT THEY PUBLISHED THIS AT THE MINISTRY OF JUSTICE SITE IN LESS THAN THREE WEEKS AFTER THE POSTING OF THE LAST GAZETTE,
AND NOW IT’S BEEN NINE DAYS SINCE IT APPEARED AS PUBLISHED AT THE MOJ SITE, AND IT’S NOW IN THE LAW LIBRARY OOTW: NEW FOR IRAQ LOL
OOTW: CHALABI SAID TO HAVE BEEN POISONED wealthwatch.world/showthr…
Donnie: good read. www.dinarrecaps.com/our-b…
Donnie: How Countries Have Maneuvered To The New Financial System
Donnie: leaving the US behind. Thx O!!
OOTW: BLUE ADDRESSES GURU NONSENSE – TY JDBLUE
OOTW: “Hub – in order for a sovereign nation to engage in international trade, they have to have some method to exchange value for the product…who wants the dinar as it sits…no one…
arguments are that iraq has been trading with a tradable currency, yes they have…the dollar but no more…by constitution must use the dinar.
i am very pumped about the next day or so. [did I read it right that Iraq want to have their currency close to their neighbors currency?] tad bit above is what i think was said…
i personally think in the3.60 to 3.90 range…from day one the iraq ptb always stated ri plus 20 % inflation.”
OOTW: FROM BLUE – TY BLUE! “Okay… which neighbor? I am in utter disbelief that the way things are… that the CBI could even begin to dictate that the IQD is worth 3.60.
I am much more inclined to look at the other neighbors, all struggling with low oil prices… like say…. Saudi Arabia.. which has a Rial worth about 25 cents. That would be a dream come true.
A dinar worth a buck would be beyond my wildest expectations. 3.60? that is not feasible in this environment. Maybe back in 2012, when Lagaaard told Shabibi “Jump!”..
but things have gone very much south for Iraq since those days. -Reserves down -Oil down
Cost to fight Daash up ( security and stability) -Iran an Malaki still stopping significant reform.
I mean.. all the things we used to say were needed.. those things are mostly done. –
out of Chapter 7 -new GOI – defense ministers etc – national meeting and more… everything but the HCL..
and still.. they seem to flounder along.. at the whim of Iran… and Maliki walks upright, lives in the palace, and still has his office in the Green Zone.
Reality on the ground all these years later are so different… I dismiss the old thinking of .. RI plus 2%. that is Guru rubbish. Yeah.. I would actually be thrilled with a dime.”