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OOTW: TOOTSIE…SHOULD YOU RETURN….I FOUND ONE MORE
OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3920&pid=9872#pid9872

OOTW: SO THERE’S BEEN BUZZ IN THE COMMUNITY ABOUT THESE 18% DEPOSIT INTEREST RATE YIELDS
OOTW: THE ARTICLE REGARDING THAT IS
OOTW: I FOUND ANOTHER ARTICLE TODAY  OOTW: BUT I WANT TO SHOW YOU SOMETHING
OOTW: REMEMBER THE PRESS CONFERENCE ARTICLES FROM SALEH AND DR HAFEZ?
OOTW: THEY DISCUSS THIS –
OOTW: FIRST – HERE IS THE LINK TO THIS THREAD To encourage citizens to deposit their money in banks .. 18% INTEREST RATE wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3920
OOTW: HERE IS THE QUOTE FROM SALEH AND HAFEZ
OOTW: “pointed Mahmoud to a large disparity between both rates, credit and debit Interest rates on deposits ranging between 1-6% depending on the currencies and maturities ranging in interest rates on loans and banking facilities of all kinds between 10-15%, leaving a margin of about 9%, compared with only 5% in the Middle East and North Africa ..
That disparity between the credit interest rates and the city background historic began with deflationary monetary policy adopted by the central bank to combat the sharp inflation experienced by Iraq in the period 2006- 2010,
which resorted to activate the traditional instruments of monetary policy by raising policy rates to high levels close to 20% per annum and raise Interest on the night and weekly deposit rates and monthly banks has what Atrah between 18-20% .. as well as raising the deposit reserve to 20% instead of 15%. ​”
OOTW: I TRULY BELIEVE THESE ARTICLES WE’RE SEEING STEM FROM THE QUOTE FROM SALEH
OOTW: SO I’D SAY THAT THESE ARTICLES SHOULD BE TAKEN WITH A GRAIN OF SALT
OOTW: ON A “WISH” THAT THE IRAQI PEOPLE COULD GAIN SOME WEALTH RE THEIR DEPOSITS
OOTW: HERES A THOUGHT…IF THEY WANT TO GIVE THE DEPOSITORS AN 18% DEPOSIT YIELD, THEN WHAT WILL IT COST TO BORROW MONEY?
OOTW: THE BANKS WOULD WANT TO CHARGE HIGHER RATES, I WOULD THINK
OOTW: HERE IS THIS FROM THE KRG SITE
OOTW: Erbil and Baghdad agree to the continuation of the talks between the two SUN, 31 JAN 2016 19:53 | KRG Cabinet We arrived Sunday morning 01/31/2016, to Baghdad, a delegation from the Kurdistan Region headed by Mr. Nechirvan Barzani, prime minister of the Kurdistan Region and the membership of Messrs inhibited by Deputy Prime Minister and Chairman of the Presidium of the Kurdistan Region,
and former deputy prime minister, federal Iraq, and official relations Foreign, and the official spokesman on behalf of the Kurdistan Regional Government. During the meeting which took place in a positive atmosphere, with Mr. Haider Abadi, Iraq’s prime minister and federal delegation of the Iraqi government,
which included ministers of oil, planning and reconstruction and housing, as well as expressing his happiness to visit the Kurdistan Region delegation to Baghdad, Mr. Haider Abadi, the prime minister stressed the importance of this meeting and the meeting the joint between the two sides for mutual understanding about the developments and to reach agreement on the basis of work in the interest of Iraq and the Kurdistan region in general.
In another aspect of his speech, Mr. Abadi pointed out that the organization Daash terrorist has the intention to sabotage all Iraqi regions, and in this regard stressed the importance of joint action and collective and continuation of the Iraqi army and the Peshmerga Kurdistan in dealing with terrorists Daash aim of liberating the city of Mosul and all those areas that fall under the Daash control.
For his part, Mr. Barzani stressed the importance of the meeting and the Joint Meeting between Erbil and Baghdad, as here, Mr. Prime Minister and the Iraqi army Pmansph victories they have achieved in the city of Ramadi against terrorists Daash, expressing at the same time hoped to strengthen cooperation and coordination between the Peshmerga and the Iraqi army forces and be this cooperation incentive to liberalize all areas of the territory Krodstan and Iraq of terrorists. In the co
OOTW: In the context of his speech, Mr. Prime Minister of the Kurdistan Region reviewed the profile of the current financial crisis in the region and their causes, alluding to the presence of more than one million
Osmanimaih thousand refugees and displaced people in Kurdistan province who escaped from the grip of terrorism, which led to the deterioration of the financial situation in Kurdistan more,
Garret he sees it is essential that the Iraqi government to provide aid and assistance to these refugees and displaced persons. On the other side of the meeting, it was stressed the need for cooperation and coordination between the Federal Government of Iraq and the Kurdistan Regional Government in all areas in countering terrorism and tackling the financial and economic crisis and all those issues faced by the Kurdistan Region and Iraq.
In particular, they discussed the financial Alyalozmh that have arisen because of falling oil prices in world markets and Daddy had a negative impact on Iraq and the Kurdistan Region.
The two sides also stressed the need to develop a program of economic reform, in particular in the field of resources, so it is relying less on oil sales. This is also meeting discussed those concerns posed by the Mosul dam, also highlighted the actions to be taken in the face of these risks.
The two sides also agreed to continue the dialogue and discussions between Erbil and Baghdad for understanding more to address the problems between the two parties, and continue to conduct regular meetings.   OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3923
OOTW: SORRY, I DIDN’T SEE SCZIN’S POST EARLIER…I AGREE WITH HIM…I DON’T SEE THEM PAYING 18% DEPOSIT YIELDS AT THIS POINT
] OOTW: HERE’S THIS FIND FROM BUTIFLDRM AND IT TRULY DOES ENCAPSULATE THE SITUATION WITH THE CABINET RESHUFFLE
OOTW: waiting media circles launch “a new reform package,” different sources in determining the nature. As some suggest that it include a cabinet reshuffle widely, while others say it also includes the integration of a number of ministries.
And deliberated local media during the past few days the details have not been officially confirmed, all modified prospective prepares Prime Minister Haider al-Abadi to advertise it. According to information, the amendment includes the foreign ministers of electricity, higher education and agriculture.
And connects the State of Law coalition delayed the announcement of the reforms the conditions of the region tense, particularly the current crisis between Saudi Arabia and Iran, as well as the security situation.
He says Jassim Mohammed Jaffer, MP for the coalition of state law, that ” Abadi position fixed from conducting reforms Ministerial limbering will be politically and rally feasible to relieve the tension of the Iraqi street because of security and economic crises taking place in the country. ”
OOTW: he revealed Jaafar, in an interview for” the world “, that” al-Abadi was purports to launch a new reform package earlier this year, However, regional circumstances prevented that, “explaining that” the crisis between Saudi Arabia and Iran and the security situation of internal latest launch that package. ”
He pointed Jaafar, that” all the blocks calls to reform and limbering amid the financial crisis and the elimination of administrative and financial corruption in the media, but everyone is afraid of being marginalized and that includes the change of some of the bloc in ministerial cabin. ”
OOTW: among Jaafar, said that” al-Abadi confirmed in more than one occasion not to refer to the quota system and rely on the performance and efficiency in his ministry, taking into account the ingredients and the elections,
“noting that” Abadi now has a project to assess the performance of ministers was formed committees in this regard, which proves that he is not satisfied with some of them and seeks to change. ”
he stressed Jaafar, said his bloc” supportive of the Prime Minister in the reforms and limbering, “explaining that” reforms should be sent to the House of Representatives to enact their own laws and take legal and constitutional course and be easily applied on the ground.
OOTW: LIKING THIS PARAGRAPH
OOTW: the Prime Minister Haider al-Abadi, in a meeting with a number of media analysts and politicians, the weekend that” no truth to be traded from the feminine to the government, but there is a cabinet reshuffle. ” For his part, Abdul Aziz Zalmi, MP for the Liberal bloc, said that “the reforms launched by the former head of the government package has not been applied in many of its clauses.”
He said Zalmi, in an interview for “the world”, that “Abadi must take its executive role in the implementation of reforms after receiving a delegation of the House of Representatives,” and urged “the Prime Minister to seize this opportunity and speed up the reforms promised by the fight against the corrupt.”
OOTW: Among Zalmi, that “The prime minister spoke before the cabinet reshuffle with the reform package,” explaining that “the mass with the choice of people Ulkipaaan and technocrats of the ministries.” He said Zalmi, said that “al-Abadi did not meet the mass or a particular party and taking the opinion about a cabinet reshuffle,”
noting that “limbering or amendment be sent to the House of Representatives to enact laws “. He Zalmi, that “the majority of ministers were nominated on the basis of quotas and the elections,” noting that “the majority of them did not perform their duties properly and did not choose the right person in the right place.”
He said Zalmi, that “many of the ministries have been politicized by the nature of the minister and his affiliation to political and sectarian,” stressing that “the Liberal bloc supports Abadi in the new reforms and any action to improve the economic and security situation in the country.”
In an interview earlier with Saad al-Sabri, a spokesman for the Information Office Prime Minister, said, “the world”, that “the reform program continuously and there are follow-up to the implementation of the first package through the follow-up committees, which holds it.”
OOTW: said Sabri, said he “did not take any decision on a change of government or merge ministries at the last cabinet meeting.” , adding that there may be decisions will be issued later, “without giving further details. turn Hassan Khalati, MP for the bloc citizen, said his bloc” supportive and dolly reforms launched by al-Abadi to improve ministerial performance and overcome the financial crisis faced by the country, said. ”
He Khalati, in a telephone interview with “the world” yesterday that “the integration and feminine ministries just talk to media do not exist on the ground and did not reach the Parliament any government proposals in this regard, and there is banished by the government for that matter.”
OOTW: fired Abadi, in August , packs, the reforms included the dismissal of a key deputy ministers and the Republic, as well as the sacking of 140 senior official in government departments, and decided to re-examine more than 4 thousand special position.
The reforms included the cancellation and the integration of 10 ministries, the reduction in the number of portfolios from 32 to 22 only    OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3906&pid=9879#pid9879
OOTW: SO IN TOOLING AROUND AT THE KRG SITE, THERE’S A PIC OF MALIKI WITH NECHIRVAN BARZANI (GAG)
OOTW: HERE’S THIS   OOTW: Barzani Maliki confirms the need to unify positions on foreign and domestic issues 21:06:19 31/01/2016 | (Voice of Iraq) – Baghdad confirmed the head of a coalition of state law, Nuri al-Maliki, Sunday, on the need to unify positions on foreign and domestic issues,
while calling for the adoption of a political dialogue to solve the outstanding issues between the center and the Kurdistan region, during a meeting with the President of the Kurdistan Regional Government Nechirvan Barzani. Information Office of the chairman of the coalition,
said the rule of law in a statement that al-Maliki “received, the official at his office on Thursday evening, Prime Minister of the Kurdistan region Nechirvan Barzani and his accompanying delegation,”
explaining that “during the meeting they discussed the latest political and security situation in the country and ways to meet the challenges facing the process political. ” Maliki confirmed, according to the statement,”
the need for concerted efforts and unify positions on foreign and domestic issues and work to accelerate the elimination of al Daash and overcome the economic crisis and the return of security and stability to the whole country. ”
He called on Maliki to” adopt political dialogue as a means for national consensus on the basis of the Constitution and the principles of national partnership and the need to intensify dialogue in order to resolve the outstanding issues between the province and the center of issues.
” the delegation arrived in the Kurdistan Regional Government earlier on Sunday, headed by Nechirvan Barzani to Baghdad, met with President of the Republic Fuad Masum and Prime Minister Haidar al-Abbadi and other officials to discuss several issues, most notably the financial crisis experienced by the country. Add comment
OOTW: HERE ARE TWO GREAT ARTICLES, HOPEFULLY SUMMING UP THE RELATIONS BETWEEN BAGHDAD AND KURDS
OOTW: Barzani Maliki confirms the need to unify positions on foreign and domestic issues 21:06:19 31/01/2016 | (Voice of Iraq) – Baghdad confirmed the head of a coalition of state law, Nuri al-Maliki, Sunday, on the need to unify positions on foreign and domestic issues,
while calling for the adoption of a political dialogue to solve the outstanding issues between the center and the Kurdistan region, during a meeting with the President of the Kurdistan Regional Government Nechirvan Barzani.
Information Office of the chairman of the coalition, said the rule of law in a statement that al-Maliki “received, the official at his office on Thursday evening, Prime Minister of the Kurdistan region Nechirvan Barzani and his accompanying delegation,” ‘
explaining that “during the meeting they discussed the latest political and security situation in the country and ways to meet the challenges facing the process political. ”
Maliki confirmed, according to the statement,” the need for concerted efforts and unify positions on foreign and domestic issues and work to accelerate the elimination of al Daash and overcome the economic crisis and the return of security and stability to the whole country. ”
He called on Maliki to” adopt political dialogue as a means for national consensus on the basis of the Constitution and the principles of national partnership and the need to intensify dialogue in order to resolve the outstanding issues between the province and the center of issues.
” the delegation arrived in the Kurdistan Regional Government earlier on Sunday, headed by Nechirvan Barzani to Baghdad, met with President of the Republic Fuad Masum and Prime Minister Haidar al-Abbadi and other officials to discuss several issues, most notably the financial crisis experienced by the country. Add comment
OOTW: OOPS
 
*SCZIN11: REMEMBER WHO THE LAST 3 HOLDOUTS WERE, IN CONNECTION TO BENG QUESTIONED BY THE INTEGRITY COMMITTEE ASSIGNED TO DETERMINE WHO WAS INVOLVED IN THE FALL OF MOSUL…ISIS TAKEOVER, BACK IN JUNE 2014? BARZANI AND MALIKI WERE TWO OF THE THREE…..
OOTW: YEP
OOTW: Masum calls to resolve the problems between Baghdad and Arbil, Barzani described his talks with al-Abadi to “positive” 7:05:43 p.m. 31/01/2016 | (Voice of Iraq) – Baghdad called on the President of the Republic Fuad Masum, Sunday, the governments in Baghdad and Erbil to reach common understandings in order to resolve outstanding issues between the two sides,
and as President of the Kurdistan Regional Government Nechirvan Barzani called on the federal government to assume responsibility for the displaced people crisis “strain the shoulders of” territory , described his talks today with Prime Minister Haider al-Abadi as “positive.”
Masum said in a statement issued on the sidelines of a meeting with the delegation of the Kurdistan Regional Government, headed by Barzani, received Alsumaria News, a copy of it, we must “strengthen communication and stimulate visits between Baghdad and Erbil in order to overcome the problems and resolve outstanding issues. ”
the infallible, that” access to solutions and common understandings of the overall existing problems will benefit both sides, “stressing at the same time” support all the efforts being made ​​to resolve the differences between the two parties. ”
for his part, Barzani, the results of talks delegation region with Abadi “positive,” stressing “the importance of continuing these meetings to narrow differences and expand cooperation and coordination on all issues between the two sides.”
He called on Barzani to “taking into account that the region embraces the huge numbers of displaced people and displaced which is an economically and financially burdensome on the region, as well as service and humanitarian pressures borne by the province,
“noting that” the federal government to assume its responsibilities in this crisis that tax burden on the region on the economic and financial levels. ” the information Office of the Prime Minister Haider al-Abadi, announced on Sunday, the last reach an agreement with the Kurdish delegation, who arrived in Baghdad today requires the ad
OOTW: Baghdad today requires the adoption of an economic reform program to reduce dependence on oil, referring to the near develop a plan to maximize resources through a commitment to tariff and income tax. the delegation arrived in the Kurdistan Regional Government earlier on Sunday,
headed by Nechirvan Barzani to Baghdad for a meeting with President Fuad Masum and Prime Minister Haidar al-Abbadi and other officials to discuss several issues, most notably the financial crisis experienced by the country. Add comment
OOTW: HERE’S THIS FROM THE SJC SITE
OOTW: LOVING IT
OOTW: Judge Medhat al-Mahmoud receives Chairman of the Integrity Commission 2016-01-31 12:51:00 Judge Medhat al-Mahmoud receives Chairman of the Integrity Commission بغداد / junk Judge Medhat al-Mahmoud President of the Federal Judicial Authority received in his office today, the head of the Integrity Commission, Dr. Hassan al-Yassiri.
The judge said Abdul Sattar Bayrakdar spokesman for the federal judiciary that “Judge Medhat al-Mahmoud, Mr. Chairman of the Integrity Commission, Dr. Hassan al-Yassiri, received this morning at the headquarters of the judiciary,”
pointing out that “the meeting dealt with the mechanisms of coordination between the judiciary and the Integrity Commission.” Bayraktar said that “the two sides discussed ways to develop these mechanisms to eliminate the financial and administrative corruption, stressing their determination to combat corruption in all its forms.”
OOTW: THIS PRESS RELEASE FROM THE JUDICIARY IS FAST ON THE HEELS OF ABADI AND MASSUM TELLING THE INTEGRITY COMMISSION THAT WE’RE GOING TO SET UP COMMITTEE’S TO OVERSEE YOUR WORK AND YOU BETTER GET REFORMS ENACTED FOR THE PEOPLE
OOTW: BY PROCESSING CORRUPTION AND RETRIEVING MONIES
OOTW: HERE IS THIS ON THE MOSUL DAM  —
​OOTW: Two possibilities for the bridge collapse in front of fact or rumor Iraqi politicians, officials say exciting Mosul Dam crisis at this time precisely behind them agendas suspicious and mafias local and international corrupt and companies seeking to win the opportunity to invest in it after learning that the central government has allocated 300 billion Iraqi dinars for rehabilitation within the international standards.
Officials see these suspicious agendas and corrupt companies began to raise the rumors of an impending collapse of the dam and causing a disaster in order to inflame public opinion against the government and push them to grant the privilege rehabilitate them.
The same officials say that the goal of these companies should not prevent the government and the Ministry of Water Resources to speed up the rehabilitation of the Mosul Dam and improve the conditions and the dimensions of risk with him but through concession prequalified to international companies with experience in the field of rehabilitation of dams and bridges within the highest specifications.
The main objective of the establishment of the Mosul Dam is warding off the risk of flooding, which was threatening all located on both sides of the course of the Tigris River Iraqi cities, in addition to water storage size of 11.11 billion cubic meters,
and electric power generation with a total capacity pitched of 1050 MW with an constructed power station’s main dam (750) MW and to fill the regulatory (60) MW pumped Storage project and 240 MW this as well as fisheries and the exploitation of the lakes for the purposes of tourism development.
OOTW: Najafi has a “simple solution” Head of the coalition are united in Nineveh Ethel Nujaifi promised to overcome the problem of the collapse of the Mosul Dam it is “very simple” and lies through the water drainage dam so based on the seriousness of the collapse of the dam have been linked to its ability to launch quantities of water commensurate with the water coming from Turkey size.
He explained Najafi in a detailed study presented by the reality of the Mosul Dam, which stated that “the gates of the dam operating capable of firing 200 m3 / s without the generation of electrical power and if I say the amount whatsoever about 200 m3 / s, the Iraqi cities will suffer from thirst and up Basra will not be enough to run projects water in,
but in the flood season, the dam needs to launch amounts commensurate with the incoming water was up to 1000 m3 / s in some years, and this means they would need a maximum of generating electric power, but the city of Mosul, the network is the only party that could receive this electric energy “.
Najafi study confirmed the need for the expertise of foreign companies to ensure the repair and operation of the dam gates and drainage required discharged before the flood season. Mosul Dam rules injection is the way back to the eighties of the last century, used to strengthen founded on an ongoing basis as used in the works
Overstuffing ultra-soft cement is being produced in large quantities in the Hamam al-Alil cement plant south of the city of Mosul and transferred very quickly to the dam site to carry out Overstuffing.
Ministry of Water Resources and on its official website announced that it recently received the positive results are encouraging to ward off the danger of the dam and bring it back to normal and added that he will be invited many specialized in this area and meeting global companies with two international companies with experience in the field of similar processors in multiple global dams, a company Bauer German and Italian company Trevi to discuss ways to end the cris
OOTW: Trevi to discuss ways to end the crisis. Musli citizen General and Iraq does not have at all what is happening on the ground, only to wait until the outcome of the events and developments in the coming days to show his fate.
OOTW: it truly would be terrifying  hell if that dam went
OOTW: wealthwatch.world/showthr…   http://wealthwatch.world/showthread.php?tid=3924
OOTW: as the article states
*SCZIN11: ‹@OOTW› IT WOULD BE VERY WET
OOTW: PFSSSSSSSSSSSSSSSSSSSSS UNDERSTATEMENT OF THE YEAR BY YOU….BUT THERE’S PLENTY MORE YEAR LEFT
OOTW: Parliamentary Finance: There is a clear imbalance in the political Central Bank Vmnaqsat economy Since 01/31/2016 10:41 pm (Baghdad time) Special – scales News Parliamentary Finance Committee confirmed, said on Sunday that there is a clear imbalance in the central bank’s policy is not to the government’s ability to intervene in all its affairs conducted.
The committee member said Sarhan Ahmed Sarhan’s / balances News /, that “the Central Bank of the policy flaw, considering that he has a law and an independent not permitted to interfere in its affairs, which brought us to this difficult situation, as the controls in the central bank law requiring the government restrictions against granted amounts to bridge the budget deficit, he also can not act according to what you like. ”
Sarhan said, “it is necessary to amend the Central Bank Act even doing his duty in this suffocating financial crisis, as it should to all ministries to act according to pour his country’s interests.” It is said that the parliamentary finance committee member Majda al-Tamimi revealed earlier, for the loss of half the oil imports because of the central bank’s fiscal policy. Ended 29/38
OOTW: I THINK IT VERY INTERESTING THAT THE HEADS OF THE CBI AND THE TBI HAVE BEEN SHOWN IN CONFERENCES WITH SALEH AND OR HAFEZ – WHILE THEY’RE BEING CALLED OUT
OOTW: THE LATEST IS HAMIDYA DRY – HEAD OF THE TBI WHO IS ACCUSED OF THE INABILITY TO ACCOUNT FOR MONIES MISSING
OOTW: SALEH GAVE HER THE OPPORTUNITY TO SPEAK TO THE PUBLIC AND STATE THAT SHE’S BEING FALSELY ACCUSED OF CORRUPTION
OOTW: THERE WERE ARTICLES IN THE PAST STATING THAT SHE GAVE HER SON TONS OF MONEY TO SMUGGLE OUT OF THE COUNTRY BUT HE WAS CAUGHT
OOTW: AND ALSO ARTICLES STATING MALIKI WAS ABLE TO GET MONIES FROM HER WHILE AT THE TBI
OOTW: COMBINED WITH NEW AND STRONGER CALLS FOR THE INTEGRITY COMMISSION TO GET ITS ACT TOGETHER AND RECOVER MONIES
OOTW: A GIRL CAN HOPE AGAINST HOPE, BUT MY WISH IS THAT THEYRE GIVING MOHSEN AND DRY ONE LAST OPP TO SAVE THEIR BUTTS
OOTW: BEFORE REPLACING THEM
OOTW: AND WARKA APPEARS TO BE OPEN AND SET UP FOR ECOMMERCE….MAYBE THEY CAN FIND MY ACCOUNT? LOL
OOTW: Legal: the central enforce payment of 80% of the value of the currency
OOTW: wealthwatch.world/showthr…  http://wealthwatch.world/showthread.php?tid=3927
OOTW: THANKS TOOSIE
OOTW: The meeting’s agenda No. (3) Tuesday (2) February 2016 February 2, 2016 First, read verses from the Koran. Second: The vote on the draft University of Defense Military Studies Act. ( Security and Defense Committee , the Legal Committee ). (28 articles).
Third: the first reading of the closing of the Republic of Iraq for 2007. The accounts ( the Finance Committee ).
Fourth: the first reading of the draft accession of the Republic of Iraq to the international Convention on the Law Regulations for Preventing Collisions at Sea. ( Foreign Relations Committee , the Commission services and reconstruction ). (2 items).
Fifth: The first reading of the draft law of the Iraqi Syndicate of academics. (Higher Education Commission, the Legal Committee , a committee of civil society institutions ). (28 articles).
Sixth: The report and discussion of the draft law of the First Amendment of the Law on Commercial Agency No. 51 of 2000 ( the Legal Committee , the Committee on Economy and Investment ). (12 articles).
Seventh: The report and discussion of the draft law of private security companies. ( Security and Defense Committee ). (42 items). Session starts at: ten in the morning.
OOTW: FROM THE PARLIAMENT SITE
OOTW: MP Faleh al-Khazali, calling on the government to apply the law fairly customs tariff January 31, 2016 MP Falah Hassan al-Khazali, called on Wednesday, 01/28/2016 central government to reconsider its customs tariff law and apply it fairly.
MP Khazali during a meeting held at his office in Basra province with a number with academics and economists supporting the local consumer and the product and the introduction of additional revenue.
The MP al-Khazali, the importance of supporting this law Pmaakhaddm interest of the country economically in the light of the difficult conditions experienced by the country, referring to the need to apply the vocabulary in the provinces of Basra and Sulaymaniyah and put full of checkpoints in accordance with the resolution adopted by the Council of Basra province to implement it in all official and unofficial outlets in Kurdistan .  OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3926&pid=9890#pid9890
Butifldrm: Hi Woods   Butifldrm: I found something very interesting
Butifldrm: Bank of Japan, in a Surprise, Adopts Negative Interest Rate By KEITH BRADSHERJAN. 28, 2016 As Japan’s economic doldrums have lingered, its leaders have tried a number of tricks over the years, from increasing government spending to flooding the financial system with cash.
With the global economy looking increasingly fragile, Japan is now taking a more aggressive step by cutting interest rates below zero on Friday. The policy — which means banks are essentially paying for the privilege of parking their money — represents a last resort for a country that has struggled through a quarter-century of weak growth.
In theory, negative rates will push banks to lend more to companies, which would then spend and hire. The Bank of Japan is following other central banks in going negative on rates, a sign of the continuing global trouble from plummeting low oil prices, stalling international trade and slowing growth in China.
Japan’s prime minister, Shinzo Abe, is seeking new ways to break the country’s cycle of decline. Mr. Abe has championed a system of temporary tax cuts and heavy government spending to spur growth and stoke inflation.
But Japan, the world’s third-largest economy, has moved in and out of recession under his administration, sowing doubts about his policies.
Butifldrm: It’s a great article Read more www.wealthwatch.world/sho…
http://wealthwatch.world/showthread.php?tid=3926&pid=9890#pid9890
Butifldrm: It appears not just the emerging economies like Iraq are in a desperation mode, Now if your money is in a Japanese Bank you will have to pay to keep it there.
*SCZIN11: ‹@Butifldrm› AND AT A TIME LIKE THIS, IRAQ WILL OFFER 18% INTEREST FROM THEIR BANKS???? WHO DOES THAT MAKE SENSE TO? WHERE IS THAT INTEREST PAYMENT GOING TO COME FROM? CERTAINLY NOT LOANS….
Butifldrm: this article originates from the NY Times
*SCZIN11: ‹@Butifldrm› HI BUTI
Butifldrm: ‹@*SCZIN11› This is a wait and see moment, for that to happen no one would be able to borrow money in an already desperate economy
Butifldrm: ‹@*SCZIN11› Hi
Butifldrm: I think this may just be one of those article we have to watch and see if it plays out
Butifldrm: our Fed couldn’t even raise interest rate .25% without affecting the debt we owe
Butifldrm: the entire   Butifldrm: World economy is too fragile
Butifldrm: How can Iraq get the private sector going when interest rates to BORROW MONEY WOULD BE OVER 18%
Butifldrm: I could see, the CBI asking the citizens to invest in their country by issuing Bonds and paying maybe 6-8%. That would be feasible
Butifldrm: it also would bring in the MATTRESS DINAR  😎
Butifldrm: I would have to go back and look but, if I’m correct there has been a few articles relating to such a move by the CBI
*SCZIN11: ‹@Butifldrm› IMHO, THE MATTRESS DINAR IS PRIMARILY IN THE PALACES
Butifldrm: What perplexes me about the 18% article is Saleh
Butifldrm: lol
Butifldrm: yep
 
Butifldrm: I told OOTW what Abadi needs to do, is issue a public statement ” 312 Billion have been stolen from this country over the past 10 years and most of that is in the pockets of the corrupt. You will be tried and hung and every bit of that money will be broght back into the coffers of Iraq.
We have the backing of the IMF, the international community. So, you can either repatriate the money you have stole and invest it back into Iraq or you will hang. Plain and simple!
Butifldrm: ‹@*SCZIN11› No
*SCZIN11: ‹@Butifldrm› At 18% , THAT WOULD YIELD THE CORRUPT $600 MILLION DOLLARS IN INTEREST
Butifldrm: You had an insane thought?  Butifldrm: your kidding  :cheerful:
Butifldrm: No Shiite  Butifldrm: with the ISX?
Butifldrm: You remember in the 80’s when interest rates were at 17-18%
Butifldrm: it was hell. the common person could not afford to buy a house
Butifldrm: or lost the ones they did buy
Butifldrm: Iraq is in no shape to make such a move
Butifldrm: well I think that’s all about transparency
*SCZIN11: ‹@Butifldrm› YES I WROTE AB THOSE RATES IN MY EMAIL TO YOU THIS MORNING
Butifldrm: I think Iraq is begging for money and now they have to jump through the IMF hoops to get it
*SCZIN11: ‹@OOTW› am i PB?   *SCZIN11: ‹@OOTW› or CHOPPED LIVER?
Butifldrm: ‹@*SCZIN11› the whole World economy is a huge mess
OOTW: SORRY SCZIN AND NO YOU’RE NOT AT ALL
Butifldrm: check this out
OOTW: 🙂
Butifldrm: e “Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up
Butifldrm: do I need to send a private message  :ermm:  lol
​ Butifldrm: www.zerohedge.com/news/20…
http://www.zerohedge.com/news/2016-01-31/time-panic-nigeria-begs-world-bank-massive-loan-dollar-reserves-dry
Butifldrm: Now most of us know a lot about Nigeria from studying the deletion of the zeros history
Butifldrm: they are bad shape   Butifldrm: just like most emerging economies : who are pegged to the dollar
Butifldrm: Voila’ Iraq
Butifldrm: Now China on the other hand has decided to de-peg from the dollar and move their peg to a basket of currencies, much like Kuwait
Butifldrm: China Serious About Move to Unpeg Yuan From U.S. Dollar, Says Official January 21, 2016, 05:55:00 AM EDT By Dow Jones Business News Comment Shutterstock photo By Lingling Wei DAVOS, Switzerland—‘
A senior Chinese official Thursday affirmed China’s intention to decouple its currency from the U.S. dollar, while the head of the International Monetary Fund urged Beijing to improve communication with markets about changes to its foreign-exchange regime.
For years, China has hitched the yuan’s value to U.S. dollar, but its central bank signaled in December that it would break the peg and instead manage the Chinese currency against a basket of 13 currencies. Read more: www.nasdaq.com/article/ch…
Butifldrm: All of these countries know what looms ahead
Butifldrm: it’s the structural changes they are making through their Central Banks that will make the difference of survival
OOTW: AS ALWAYS, TY BUTI
Butifldrm: After Shabibi’s dismissal from the CBI Hockey Moe’s have running the show. Very few economist in Iraq have a clue
Butifldrm: One promising thing I read today were the successful meeting of Barzani, Abadi and Maliki
Butifldrm: Baghdad — the balance of news Prime Minister Haidar Al-Abbadi stressed during a meeting of the Kurdish delegation on Sunday, on the need to continue joint meetings leading to a common understanding of the challenges, stressing agreement with the Kurds on the importance of adopting a programme for economic reform to reduce dependence on oil.
Statement said the Prime Minister received/balance of news copy, “Prime Minister Haidar Al-Abbadi, a meeting with a Kurdish delegation headed by nechirvan Barzani and oil Ministers, planning and construction and housing.
The statement said that “during the meeting, stressed Al-Abbadi, the importance of continuing joint meetings leading to a common understanding of the challenges and to agree on a clear programme of action takes into account the interests of the country and securing the rights and obligations to reduce lime and the provinces,”
he said, adding that “the two sides agreed on the importance of adopting a programme for economic reform to reduce dependence on oil as the only source of national income.
Said nechirvan Barzani, the Kurdish delegation Chief as the statement “the importance of holding periodic meetings, as Park victory achieved by the security forces for the liberation of the city of Ramadi and its moral and social importance”.
The statement said Al-Abbadi agreed with Kurdish delegation to adopt a plan to communicate to study the reform program and maximize resources, particularly strict observance of customs tariffs and collection of income tax as the financial resources of the Federal Government benefit to the territory and the provinces alike. “finished 29/h 33
Butifldrm: www.microsofttranslator.c…
http://www.microsofttranslator.com/bv.aspx
Butifldrm: the Kurds have always run interference with the tariffs
OOTW: MP Faleh al-Khazali, calling on the government to apply the law fairly customs tariff January 31, 2016 [Image: ff_kk_4mz_b3012016.jpg]MP Falah Hassan al-Khazali, called on Wednesday, 01/28/2016 central government to reconsider its customs tariff law and apply it fairly.
MP Khazali during a meeting held at his office in Basra province with a number with academics and economists supporting the local consumer and the product and the introduction of additional revenue.
The MP al-Khazali, the importance of supporting this law Pmaakhaddm interest of the country economically in the light of the difficult conditions experienced by the country, referring to the need to apply the vocabulary in the provinces of Basra and Sulaymaniyah and put full of checkpoints in accordance with the resolution adopted by the Council of Basra province to implement it in all official and unofficial outlets in Kurdistan .
OOTW: FROM THE PARLIAMENT SITE
Butifldrm: www.microsofttranslator.c…  Butifldrm: yes, it appears these talks were fruitful
Butifldrm: kurdistan has to comply
OOTW: YES THIS SEEMS VERY IMPORTANT ESP AFTER NECHIRVAN GAVE AUSTERITY SPEECH
OOTW: cabinet.gov.krd/a/d.aspx   http://www.microsofttranslator.com/bv.aspx
OOTW: and meetings with baghdad
OOTW: these are very positive for all of iraq if they truly will now cooperate
Butifldrm: yes, true oil dependence is Iraq’s Achilles’ heel, as it is to all oil dependent states
Butifldrm: When u look at at all oil dependent states, they are doing the same things Iraq is doing economically   : and what they should have been doing all along
Butifldrm: diversing their economies, and handling corruption,
Butifldrm: IMO, they are a little too late!    Butifldrm: ok
OOTW: okThe collapse of the plug connector between the two possibilities .. hell of a terrifying traced by experts and director trivialize and Najafi: a simple treatmentSaturday 30-01-2016 | 5:21:48 [Image: dam-655×360.jpg]C b / c m Twilight News /
has become the reality of the Mosul Dam in recent preoccupation of studies and research centers and the media and political domestic and international and popular circles the fact that its collapse would cause a humanitarian disaster may have dire consequences in the two largest cities, Iraqi women are Mosul, Baghdad and other areas in between.
US research centers specializing in the field of dams and bridges, the latest studies have indicate that the Mosul dam, which is about 50 km north of the city of Mosul suffers from several problems, especially in the base constructed on the land of loose incoherent and businessman injection of private cement carried out by the competent Iraqi authorities ineffective to protect him once and for all and to avoid the problems faced by which means the continuation of negligence will cause imminent collapse.
Mosul Dam is located north of the city of Mosul in the Nineveh province, on the course of the Tigris River, was built in 1983 with a length of 3.2 kilometers and a height of 131 meters, the dam is the largest dam in Iraq, the largest dam in the Middle East and a fourth spell floccus dam with a clay core of the medial.
It managed to organize Daash control it after the events of June 10 2014, but he quickly lost that control after a military operation carried out by the international coalition led by the United States as it was described that process by military experts as the quality of it did not cause any damage to built a dam infrastructure and limited to editing and only returned to the embrace of the Iraqi state.
He ruled out the director of the Mosul Dam Riad Izz al-Din in a statement to Twilight News the collapse of the dam at the present time and causing a humanitarian disaster, but h
OOTW: disaster, but he did not deny the existence of serious risks suffering the dam of them, particularly the large cracks appearance in the area of ​​the body that occur as a result of an increase of stored quantities of water in it and the lack of appropriate ways to be discharged into the appropriate time.
He continues, Izz al-Din “on the central government and the Ministry of Water Resources to deal seriously with the warnings launched by the Research and US studies on Mosul Dam centers fact that many of the dams experts Americans have visited the dam after its liberation from the control of the organization Daash and briefed on his condition and prepared reports on the mess,”.
He adds Azzedine “We are trying through doing Overstuffing cement and maintenance of the dam and on an ongoing basis to maintain the status of geological and keep it in good condition,” pointing at the same time that “he was reported to local and central governments and the Ministry of Water Resources status of the dam and the risks that surround it and until now did not are answered. ”
In this case the Mosul dam collapsed, it will launch a four billion cubic meters of water that will generate very significant Jriana at once, which will lead to the deaths of thousands of people within two hours of time and it will be a disaster atheist twenty times.
Two possibilities for the bridge collapse in front of fact or rumor Iraqi politicians, officials say exciting Mosul Dam crisis at this time precisely behind them agendas suspicious and mafias local and international corrupt and companies seeking to win the opportunity to invest in it after learning that the central government has allocated 300 billion Iraqi dinars for rehabilitation within the international standards.
Officials see these suspicious agendas and corrupt companies began to raise the rumors of an impending collapse of the dam and causing a disaster in order to inflame public opinion against the government and push them to grant the privilege rehabilitate
OOTW: Najafi has a “simple solution” Head of the coalition are united in Nineveh Ethel Nujaifi promised to overcome the problem of the collapse of the Mosul Dam it is “very simple” and lies through the water drainage dam so based on the seriousness of the collapse of the dam have been linked to its ability to launch quantities of water commensurate with the water coming from Turkey size. [font]
He explained Najafi in a detailed study presented by the reality of the Mosul Dam, which stated that “the gates of the dam operating capable of firing 200 m3 / s without the generation of electrical power and if I say the amount whatsoever about 200 m3 / s, the Iraqi cities will suffer from thirst and up Basra will not be enough to run projects water in,
but in the flood season, the dam needs to launch amounts commensurate with the incoming water was up to 1000 m3 / s in some years, and this means they would need a maximum of generating electric power, but the city of Mosul, the network is the only party that could receive this electric energy “.[/font]
Najafi study confirmed the need for the expertise of foreign companies to ensure the repair and operation of the dam gates and drainage required discharged before the flood season.
Mosul Dam rules injection is the way back to the eighties of the last century, used to strengthen founded on an ongoing basis as used in the works Overstuffing ultra-soft cement is being produced in large quantities in the Hamam al-Alil cement plant south of the city of Mosul and transferred very quickly to the dam site to carry out Overstuffing. [font]
Ministry of Water Resources and on its official website announced that it recently received the positive results are encouraging to ward off the danger of the dam and bring it back to normal and added that he will be invited many specialized in this area and meeting global companies with two international companies with experience in the field of similar processors in multiple global dams, a company Bauer German and Italian compa   OOTW: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3924
Butifldrm: Yes, this is a huge hurdle/ could be crisis for Iraq
Butifldrm: If this dam were to give way millions of people would die
OOTW: I WOULD THINK THAT BECAUSE THEY CAN DELIBERATE ON WHAT TO DO, THAT THERE MUST BE SOME AMOUNT OF TIME TO REPAIR?
Butifldrm: you know the Kurds saved this Dam from ISIS
Butifldrm: ISIS tried to take control of this Dam
Butifldrm: the dam is’s self had problems years before
Butifldrm: time.com/3126423/iraq-isi… http://time.com/3126423/iraq-isis-mosul-dam-airstrikes/
OOTW: I’VE READ ARTICLES STATING THAT THE DAM HAS BEEN TAKEN AND RECAPTURES SEVERAL TIMES
Butifldrm: yes and even in 2006 The IMF knew the Dam was a problem
Butifldrm: $650 million within the Water Sector will be used to increase water treatment capacity to serve an additional 1.7 million Iraqis. The funds will also be used to implement important irrigation and water drainage projects.
Among the key projects to be funded are the Nasiriyah Drainage Pump Station, which will increase the amount of drained agricultural lands by 543,000 acres; grouting equipment for the Mosul Dam, Iraq’s largest dam; operations and maintenance support for USG-rehabilitated and constructed facilities;
and completion of a new sewer collection and treatment system for Fallujah (serving the entire city population of 200,000).   Butifldrm: 2001-2009.state.gov/p/nea…
http://2001-2009.state.gov/p/nea/rls/rpt/60857.htm
 
OOTW: WHY DOES IT SEEM LIKE THINGS HAVE TO GET TO A POINT OF NO RETURN BEFORE THE WORLD PTB WILL SEEMINGLY STEP IN?
Butifldrm: ‹@OOTW› the PTB have been giving Iraq advice, money, and lives since Saddam
Butifldrm: corruption
Butifldrm: So we see the Iraqi’s have known about these problems with the damn for years
Butifldrm: and did they fix it NOOOO!
OOTW: SHAMEFUL REALLY
Butifldrm: Now, it seems to be a hug problem    Butifldrm: yes
OOTW: YEAH – OBAMA’S NIGHTMARE SO AN ARTICLE SAID
OOTW: THINKING THERE SHOULD BE MORE OF THOSE LOL
OOTW: WHAT ARE YOUR THOUGHTS ON THE TARIFFS OVERALL….DO YOU THINK IT ODD THAT THERE’S NO INCREASE IN BUYING POWER TO OFFSET THESE?
Butifldrm: Well, as I said before, In Iraq always the cart before the horse
Butifldrm: you would think that giving the citizens more buying power would help offset the tariffs
OOTW: PERHAPS VERY WELL TRUE, BUT MAYBE THEY JUST HAVEN’T CAUGHT UP YET..THE ARTICLES DO STATE THAT THEY HAVE JUST STARTED A FEW DAYS AGO AT THE BORDERS
OOTW: YES, YOU’D THINK
Butifldrm: I’m thinking from the article that I read, that the government thinks the tariffs/taxes will not affect the average citizen   Butifldrm: articles
OOTW: HOW NOT?   OOTW: 2% ?
OOTW: NOT EVERYONE CAN CONTINUE TO PAY THAT ON A DAILY BASIS
OOTW: OR WEEKLY, OVER AND OVER
OOTW: ESP THE POOR WHO ARE LIVING ON RATION ITEMS
OOTW: THEY CAN’T LIVE ON RICE, WHEAT AND OIL ALONE I’D THINK
Butifldrm: that’s just it
OOTW: AND A BIT OF SUGAR
Butifldrm: the majority of people are on ration items
Butifldrm: and they live a meager existance
Butifldrm: like most taxes  Butifldrm: they are targeted at the wealthy
Butifldrm: now wealthy can take on many faces
Butifldrm: What everyone has to understand  Butifldrm: the there is no going back o the tariffs
Butifldrm: they are signed into law and into the Gazette through the budget
OOTW: SO YOU FEEL THAT THEIR IMPLEMENTATION IS NOW IN TACT?
OOTW: YEP
Butifldrm: no, not until we see the Kurd’s comply
Butifldrm: I do believe the meeting they are having presently are a good sign
OOTW: OK, SO SINCE THEY HAVE THE OPP TO COMPLY OR NOT, DO YOU THINK THEY NEED THEIR OWN LAWS ON THIS?
Butifldrm: the Kurds?
OOTW: YES
Butifldrm: So have u read that that was their line of thought?
OOTW: I’M SAYING THEY HAVE INDEPENDENCE, TO SOME DEGREE, THEY PASS THEIR OWN LAWS, AND SO DO YOU THINK SINCE THEY HAVE THE POWER TO COMPLY OR NOT, THAT IT MAY FALL TO THEM STATING THEY NEED THEIR OWN LEGISLATION?
OOTW: NO   OOTW: I HAVE NOT READ THIS
Butifldrm: oh ok
OOTW: I JUST WANT TO TRY TO FULLY EXAMINE
Butifldrm: got ya
Butifldrm: No I believe Barzani would not have gone to Baghdad for these meeting if the Kurds were to have their own law and plan for tariffs
Butifldrm: I would have like to been in those meetings  😉
OOTW: ME TOO AND THE IRAN NUC DEAL
Butifldrm: yea    Butifldrm: for sure
Doug_W: a fly on the wall
Butifldrm: ‹@Doug_W› absolutely
Butifldrm: ‹@Doug_W› Hi
Butifldrm: thanks for joining us
Abraham: The IMF will Order and Structure
Abraham: Bring*
Butifldrm: ‹@Abraham› oh yes that is their job
Butifldrm: The IMF has been giving Iraq guidance since the 2003 and under the Maliki administration Iraq has completely ignored
Abraham: That is why you are seeing the integrity commission and judiciary meeting.
Butifldrm: It’s a sad game   Butifldrm: two many players
Abraham: ‹@Butifldrm› yes
Butifldrm: Sunni, Shia, Iran, Saudi, United States, Jordan, etc…..
Butifldrm: the most important in the game is oil!
Abraham: Corruption is a way of life to them, but I assure you it’s going to be addressed
Doug_W: HCL   Doug_W: HCL   Doug_W: HCL   Doug_W: HCL
Butifldrm: and that is the checkmate
Doug_W: if U get my drift
Butifldrm: ‹@Doug_W› HCL should have been passed years ago
Doug_W: I agree
Butifldrm: when Iraq was in High Cotton
Doug_W: thanks MALIKI
Butifldrm: now the Central Government has nothing to give
Butifldrm: they are in a mess
Butifldrm: yet corruption goes on through the auctions and to manage their peg to the dollar and the CBI reserves are depleted
OOTW: JUST WANTED TO INTERRUPT…THERE WAS AN ARTICLE OUT ELUDING THAT THE FEDERAL REVENUE SHARING LAW WAS PASSED
OOTW: BUT THE PARLIAMENT SITE STATES THAT IT STILL NEEDS TWO READINGS
Butifldrm: cool
OOTW: AND KURDISH ECONOMIST STATES THAT THE FED REVENUE SHARING LAW IS INTEGRAL TO HCL
OOTW: SO WE’LL SEE
OOTW: ALL IN ALL, IT SEEMS LIKE WE’RE IN A GOOD PLACE
OOTW: SALEH AND HAFEZ CONTINUE TO CALL OUT CORRUPT BANKING PRACTICES
OOTW: MASSUM AND ABADI AND JOBOURI STATING THAT THEY’LL KEEP PRESSURE ON INTEGRITY COMMISSION
OOTW: YASSIRI, HEAD OF INTEGRITY MEETING WITH MAHMOUD
Butifldrm: The Federal Government needs money to share‹@OOTW›
OOTW: WHO KNOWS IF THIS REALLY WILL HAVE AN EFFECT, BUT AT LEAST THEY’RE MAKING A PUBLIC ANNOUNCEMENT (W CORRUPT MAHMOUD)
OOTW: YES THEY DO AND THEY HAVE TO REACH OUT NOW
OOTW: BAGHDAD IS NOT POSITIONED AS STRONGLY AS T HE UPPER HAND NOW
Butifldrm: The Federal government is resorting to Austerity to pay its employees
OOTW: I DO THINK THEY HAVE TO WORK WITH THE KURDS AND IT DOESNT HURT THAT GOP IS TALKING ABOUT ALIGNING WITH THE KURDS ALMOST DAILY
OOTW: YES ANOTHER STRONG PRESSURE POINT
Butifldrm: Yes the Central Government needs Kurdistan
Butifldrm: Not just for oil  Butifldrm: They need the Peshmerga
Butifldrm: Kurdistan has the bulk of refugees   Butifldrm: It’s a mess
OOTW: YES IT IS BUT PERHAPS WILL BRING UNITY
OOTW: NECESSITY IS THE MOTHER OF UNITY LOL
Butifldrm: Lol   Butifldrm: Mother of last resort
OOTW: LOL
OOTW: AND I READ LAST WEEK THEY’RE DEFINITELY GOING TO STOP FUNDING THE MILITIAS
Butifldrm: That’s wonderful. Think about this. Kurdistan was economically so much more advanced than the Central Government. They only had 20% corruption compared to the central government 80%
Butifldrm: Now because of the decline in oil prices Kurdistan is in the same boat
Butifldrm: They must negotiate   Butifldrm: Kurdistan has lost their ace in the hole
Butifldrm: Oil   Butifldrm: Money
OOTW: YES IN AN ODD WAY T HE STRIFE SEEMS TO BE BRINGING ABOUT SEEMING POSITIVE CHANGE
OOTW: WE’LL SEE   OOTW: VERY INTERESTING TIMES
OOTW: WAY MORE FORWARD MOVEMENT SINCE ABADI CAME INTO POWER THAN AT ANY TIME I CAN RECALL
Butifldrm: Before they were able to pump oil through their own pipeline to the port of Ceyan
Butifldrm: And make 100+ dollars a barrel   Butifldrm: Not now
Butifldrm: Well good Lord Abadi is my hero
OOTW: OKAY SO BUTI..TELL ME WHAT YOU KNOW ABOUT OIL PRODUCTION?
OOTW: WILL MAHDI BE ABLE TO THWART PRODUCTION AS HE’S STATED
OOTW: ?
Butifldrm: He is spinning many plates. The Kurds are just one.
Butifldrm: Well Mahdi just represents Iraq
Butifldrm: It appears that many of the OPEC and oil producing nations are coming to their senses
OOTW: YES BUT HE SAID A COUPLE DAYS AGO THAT IRAQ WOULD SLOW DOWN PRODUCTION AND THAT THE PRICE PER BARREL WOULD CLIMB UPWARD BY MID YEAR
Butifldrm: Considering the price of oil and their peg to the dollar
Butifldrm: Yes
OOTW: OKAY SO YOU THINK SAUDI IS NOT GOING TO BE ABLE TO LEVERAGE THEIR POST AS EASILY AS BEFORE?
Butifldrm: But unless all producers agree. I doubt Iraq will
Butifldrm: Iran is key in this situation
OOTW: OK, SO WHAT IS IRAN’S POST NOW THAT THEY’RE BACK ON THE WORLD STAGE?
Butifldrm: Hold on
OOTW: K 🙂
Butifldrm: Iran Says It Won’t Join Immediate OPEC Production Cut
Butifldrm: Can’t pull the link   Butifldrm: But it’s from WSJ
OOTW: YES I REMEMBER SEEING THAT
OOTW: AND ARTICLE OUT YESTERDAY TOO
Butifldrm: So the proud Sunnis that Saudia Arabia are, Do you think they will cut production
Butifldrm: Yea
OOTW: I THINK MUCH TENSION BUILDING ESP BETWEEN IRAN AND SAUDI….LOTS OF MANIPULATION
OOTW: NO
Butifldrm: I doubt it nor will any other Sunni nations
Butifldrm: Yes
OOTW: YEAH, I WONDER WHAT US POLICY WILL DO NOW
Butifldrm: They are at war in Yemen
Butifldrm: Iraq is caught in the crosshairs
Butifldrm: Under Obama? Nothing
Butifldrm: He has liberated Iran
OOTW: YES
OOTW: MUCH PRESSURE FROM THE INTERNATIONAL COMMUNITY ON THE US TO DO THIS
Butifldrm: Their banks go online tomorrow for SWIFT
OOTW: AND NOW WE WATCH THE TENSION BUILDING IN SYRIA
OOTW: MANY REFUGEES SPREADING ACROSS THE GLOBE
Butifldrm: Yes
OOTW: I KNOW THAT’S INCREDIBLE TO ME WITH ALL THE STRIFE IN THE REGION
Butifldrm: It’s a huge mess and it’s going to get messier
OOTW: DID YOU HEAR THAT IN DENMARK (IF I RECALL PROPERLY) THE GOVT OFFICIALS ARE FORCING THE REFUGEES TO TURN IN ALL THEIR VALUABLE GOODS, SAVE SENTIMENTAL ITEMS?
OOTW: YES IT IS
OOTW: THEY HAVE TO TURN OVER, WEALTH AND JEWELERY
OOTW: THEY’RE CALLING IT THE JEWEL LAW
OOTW: AND MOST REPORTS I’VE READ STATE THAT THE POOR CANNOT FLEE
OOTW: IT’S ONLY MIDDLE CLASS AND UPPER  OOTW: THAT CAN ESCAPE
OOTW: SO, DID THE US SELL OUT RE SYRIA TO NEGOTIATE THE IRAN DEAL?
OOTW: IDK
Butifldrm: www.presstv.ir/Detail/201… Iran swift link
http://www.presstv.ir/Detail/2016/01/21/446679/Iran-says-SWIFT-open-to-12-banks/
Butifldrm: OMG that is the truth
Butifldrm: It’s happening in many countries across Europe
Butifldrm: Merkel is now telling the refugees that once the war is over they must return to their homrland
OOTW: OH WOW
OOTW: SO DO YOU THINK THIS MIGHT SPEED UP ADDRESSING THE ISSUES IN THE REGION?
Butifldrm: You know that’s not going to happen right?
OOTW: TO BRING ABOUT REFUFEES GOING BACK?
OOTW: NO
Butifldrm: Kurdistan?
OOTW: NO WITH SYRIA AND REFUGEES
OOTW: MERKEL..
Butifldrm: Oh well she invited them and now she has lost confidence in Germany
OOTW: YEAH
OOTW: WELL, FINLAND REFUSED TO ADHERE TO THE INFLUX NUMBER
Butifldrm: She’ll probably get a job at the UN. Lol
OOTW: THEY PUT A CAP ON INTAKING OF REFUGEES   OOTW: LMAO   OOTW: LOL
Butifldrm: There are a few things we need to talk about
Butifldrm: As an impact of all this migration
Butifldrm: Who do u think can migrate successfully
Butifldrm: The educated
Butifldrm: All countries will accept socialized educated people
OOTW: YES OOTW: AGREED
OOTW: MANY IRAQI INTELLECTUALS, FOR EXAMPLE, WENT TO EUROPE
OOTW: REMEMBER WE SAW THE CHARGES AGAINST MALIKI SIGNED BY M ANY WHO WERE NOW OUT OF THE COUNTRY   OOTW: THE SIGNATOREE’S WERE ARTISTS , LAWYERS, ETC
Butifldrm: Iraq is loosing their most valued rescourcy
Butifldrm: Yes   Butifldrm: Syria too
OOTW: ANYTHING NEW ON THE WORLD BANKING FRONT YOU WANT TO TALK ABOUT?
Butifldrm: And those that chose to stay were more than likely killed in the occupied provinces
Butifldrm: By ISIS
Butifldrm: Well I brought up Japan
Butifldrm: Just like the collapse in China. Japan moving to negative interest rates evidently shocked the World
Butifldrm: Even though they have had their printing presses working overtime devaluing their currency for a few years now. It has not worked
Butifldrm: They have now moved to negative rates an apparently people are pulling their money from the banks    Butifldrm: Oh let clarify
OOTW: K
Butifldrm: China has not moved to negative rates they have just straight up devalued the yuan
Butifldrm: We need to watch Japan’s move and how this will effect China
 
OOTW: HOW DOES THE US FEDS INCREASING RATES APPLY TO THIS, IF APPLICABLE?
Butifldrm: Her heee  Butifldrm: Lol
Butifldrm: China has basically de pegged from the dollar
OOTW: OKAY, SO HOW DOES THE FEDS INCREASING RATES HERE EFFECT THE VALUE OF THE USD?
Butifldrm: well the USD index is at an all time high
Butifldrm: There is a flight of capital from all countries to the US bond market, but IMO that’s a bubble
OOTW: HMMMM
OOTW: DID YOU READ WHERE THE WEALTHY ARE MOVING MONIES TO NEVADA, WY AND SD?
~~~
Butifldrm: This flight of Capital is driving the dollar higher, but truly have the Amercan citizens seen any increase in purchasing power
Butifldrm: Nope  Butifldrm: Only infuel   Butifldrm: The high dollar will kill our exports
OOTW: IT SEEMS MUCH MANUFACTURING HAS ALREADY BEEN KILLED LONG AGO
OOTW: DID THEY DO THIS TO BOLSTER THE VALUE OF THE USD?
OOTW: IT JUST SEEMS LIKE THE USD CAN’T HOLD UP MUCH LONGER – IF A REPUB GETS IN THEY WANT TO BRING BACK JOBS…BUILDING MANUFACTURING LEADING TO MORE EXPORTS PERHAPS, THEN WHAT HAPPENS TO THE VALUE OF THE USD
OOTW: IT’S A COMPLEX ISSUE FOR LAYMEN/WOMAN LIKE MYSELF
OOTW: BUT SOMETHING WE NEED TO LEARN MORE ABOUT
OOTW: IT JUST SEEMS THEY HAVE TO HAVE ENOUGH GOODS TO EXPORT IN ORDER TO MAKE US A STRONG EXPORTER AGAIN
OOTW: AND TO DO THAT I’VE READ THE VALUE OF THE USD HAS TO GO DOWN
OOTW: OR *SHOULD
Butifldrm: Truly IMO Just like the IMF has saw the writing on the wall
Butifldrm: the Fed is clueless    Butifldrm: yes absolutely
Butifldrm: the dollar needs to be devalued, the fed by raising interest rates has given the entire Zero/negative interest rate World the illusion that the US economy is just fine
Butifldrm: when we know it’s not
OOTW: IF THEY CAN LIE ABOUT THE VALUE OF FIAT CURRENCIES, THEN WHY NOT?
OOTW: YEAH
Butifldrm: I guess if you compare our economy to Iraq’s, Venezuela, Nigeria etc. We are sitting in High Cotton    Butifldrm: but truly the Whole world economically is a mess
Butifldrm: yes   Butifldrm: God has a plan
Butifldrm: Oh let’s go back to the IMF Plan
Butifldrm: since 2010 Obama and Geithner approved the IMF 2010 code of reforms
Butifldrm: now we see them instituted
OOTW: OKAY SO WHAT DO THESE ENTAIL?
OOTW: THE PRIMARY ASPECTS?
Butifldrm: Historic Reforms Double Quota Resources and Enhance Voice of Emerging and Developing Economies    Butifldrm: www.imf.org/external/pubs…
http://www.imf.org/external/pubs/ft/survey/so/2016/pol012716b.htm
Butifldrm: I am praying these reforms have a positive effect on Iraq
OOTW: First, the reforms significantly increase the IMF’s quota resources and its ability to respond to crises more effectively. The combined quotas (or the capital countries contribute) of the IMF’s 188 members will increase to a combined SDR 477 billion (about US$659 billion) from about SDR 238.5 billion (about US$329 billion).
OOTW: Second, they also improve the Fund’s governance by better reflecting the increasing role of dynamic emerging and developing countries in the global economy. More than 6 percent of quota shares will shift to dynamic emerging market and developing countries and also from over-represented to under-represented IMF members.
As a consequence, four emerging market countries (Brazil, China, India, and Russia) will be among the 10 largest members of the IMF. Other top 10 members include the United States, Japan, and the four largest European countries (France, Germany, Italy, and the United Kingdom).
The 2010 agreement will also enhance the effectiveness of IMF’s decision-making, including in its 24-member Executive Board. For the first time, the IMF’s Board will consist entirely of elected Executive Directors, ending the category of appointed Executive Directors (currently the members with the five largest quotas appoint an Executive Director).
At the same time, the quota shares and voting power of the IMF’s poorest member countries will be protected. Moreover, advanced European countries have committed to reduce their combined Board representation by two chairs by the next regular election of Executive Directors that will take place this fall.
OOTW: OKAY SO LET ME ASK……
OOTW: WHEN THEY SAY THEY WANT TO INCREASE VOTING POWER FOR OTHER COUNTRIES
OOTW: WILL THIS INCLUDE IRAN AND IRAQ AS SOME PEOPLE HAVE SPECULATED?
OOTW: GIVING THEM MORE SAY SO IN THE IMF?
rocknrollbus: prolly
Butifldrm: Well, Iraq has no voting rights at this time with the IMF
OOTW: DOES IRAN?
Butifldrm: No
OOTW: HERE’S THIS JUST CAME OUT TODAY   OOTW: www.imf.org/external/np/s…
http://www.imf.org/external/pubs/ft/survey/so/2016/pol012716b.htm
OOTW: Bambang Brodjonegoro Iran, Islamic Republic of3               1,497.2 0.63       Valiollah Seif               15,710   0.62 Gholamali Kamyab Iraq         1,188.4 0.50       Ali Muhsin Ismail               12,622               0.50
OOTW: MOHSEN IS LISTED IN THIS   OOTW: ALI MUHSIN ISMAIL
Butifldrm: Wow great find
Butifldrm: yet, that’s a minute amount compared to the countries who share the SDR basket
OOTW: OKAY SO THE PEOPLE WHO HAVE THE VOTING POWER ARE THE HEADS OF THE CENTRAL BANKS
OOTW: SIEF IS THE HEAD OF THE CENTRAL BANK OF IRAN
OOTW: YES IT IS MINUTE
OOTW: https : // www . imf. org / external / np / sec / memdir / members . aspx
Butifldrm: United Kingdom3         10,738.5              4.51       George Osborne               108,123               4.29 Mark Carney United States3               42,122.4              17.68     Jacob J. Lew 421,962               16.74
OOTW: THAT’S THE LINK FOR ANYONE WHO WANTS TO RESEARCH THIS
OOTW: WHATS THE DIFF IN THE NUMBERS BETWEEN SDR AND VOTING RIGHTS?
Butifldrm: China3             9,525.9 4.00       Xiaochuan Zhou 95,997   3.81
OOTW: THIS SEEMS LIKE THE US HAS 17.68 PERCENT?
OOTW: LAST I READ, THE US HAD ABOUT 22%
OOTW: DOES THAT SEEM CORRECT?
Butifldrm: yep, why do u think our Congress passed it
Butifldrm: they have denied since 2010
OOTW: OKAY TO GIVE THE OTHER MEMBERS MORE POWER?
OOTW: YEAH
Butifldrm: we still hold the majority of voting rights
Butifldrm: no it’s a facade
OOTW: YES AND GREAT BRITAINS NUMBER SURPRISES ME TOO, AS IT DID BEFORE THIS
OOTW: OK
OOTW: SMALL CONCESSION
Butifldrm: check out Japan
Butifldrm: Mr. now negative interest rates, QE to inifinity. Japan3 15,628.5              6.56       Taro Aso               157,023               6.23
Butifldrm: So here comes the AIIB
Butifldrm: IMO these 2010 code of reforms were pushed through by our government in the event the AIIB took precedence over the World Economy
Butifldrm: Congress has put these reforms off, even under a democratic House and Senate since 2010
Butifldrm: Obama and Geithner made the deal
OOTW: OKAY SO ENACTING THE REFORMS HAS STAVED OFF THE AIIB TAKING LARGER CONTROLS?
Butifldrm: of course the us had to come up with a large chump of change to vote in this agreement
Butifldrm: US
OOTW: AH WOW
OOTW: SO DO YOU THINK THE ACCEPTANCE OF REFORMS BY THE US IS SOLELY TOKEN?
rocknrollbus: ‹@Butifldrm› ‹@OOTW› …………So what will or what is our asset for the greenback?
OOTW: OR WILL IT HAVE AN EFFECT ON GLOBAL ECONOMY?
Butifldrm: Now, there is a competetion to control the World Economy
Butifldrm: Learde came out herself and said that if these reforms were not instituted the IMF would loose credibility
Butifldrm: We will have to see
Butifldrm: the silk road is on the prowl
Butifldrm: even to Iraq
Butifldrm: sorry my g’s not working
OOTW: IT’S OK – INFORMATIVE TY
OOTW: I KNOW YOU HAVE TO GO…ANY LAST THOUGHTS?
rocknrollbus: Assets??
Butifldrm: I know I read a article which expressed a view that Iraq may join the AIIB about a week ago, It came out while Abadi was in China. making his deals
Butifldrm: ‹@rocknrollbus› assetts in this economy especially oil and Gold are in a bad spot
Butifldrm: Any way, an article came out eluding that Iraq could join the AIIB
Butifldrm: I find that almost impossible unless they have an internationally traded currency
Butifldrm: I think you may have read it Woods
OOTW: YES
OOTW: YES
Butifldrm: can u haelp me find the WW link
Butifldrm: anyway
OOTW: SURE
Butifldrm: everyday, is a study
Butifldrm: It’s not just about Iraq, it’s about the World Economy and the event that could change the entire global economy
Butifldrm: I keep my eyes on China, Gold, the Fed Butifldrm: the IMF – Now the AIIB
Butifldrm: oh yea and the game changer OIL
OOTW: China and Iraq pledged to establish a long-term, stable energy partnership with a memorandum of understanding (MoU) signed on oil and gas on Tuesday.
China is willing to increase energy cooperation with Iraq, including oilfield projects and refinery construction in the Middle Eastern country, said Chinese Premier Li Keqiang during talks with Iraqi Prime Minister Haider al-Abadi in Beijing.
Abadi has asked for increased Chinese investment in “infrastructure building, oil, electric power and telecommunication”. They agreed a long-term and comprehensive strategic partnership on energy cooperation, especially in the oil and gas sector, would be established, a joint statement said on Tuesday.
“More investment will be channelled to the energy sector and governments and enterprises will be encouraged to cooperate in the areas of crude oil trade, oil-gas exploration and development, oilfield engineering service technology, construction of storage and transportation facilities, chemical refining engineering, and energy equipment,” it said.
China and Iraq inked five new agreements in the “economic, technological, military, diplomatic and energy fields” said a statement from the Iraqi Prime Minister’s Office.
The two prime ministers also reached a consensus on using China-made equipment to support oil-gas exploitation in Iraq, said China’s Vice Foreign Minister Zhang Ming after the agreements signing ceremony.
Li and Abadi also witnessed the signing of an agreement on the promotion of China’s ambitious projects: the Silk Road Economic Belt and 21st Century Maritime Silk Road.
The Silk Road connected China and Europe from around 100 B.C. The 4,000-mile road linked ancient Chinese, Indian, Babylonian, Arabic, Greek and Roman civilizations. Iraq is now officially on board joining China’s “One Belt, One Road” project.
The Silk Road could be the second China-led project in recent months to attract a flurry of EU participation. In March this year, China’s President Xi Jinping said he hoped its annual trade with the coun
OOTW: Under the so-called “One Belt, One Road” initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence. “Iraq is an important partner of China in the region,” Li told Abadi on Tuesday. ‘
China supports “Iraq’s economic reconstruction and will encourage competitive enterprises to participate in energy, electric power, telecommunication and infrastructure reconstruction projects in Iraq,” said the joint statement. Li also vowed that China will aid Iraq improve its production capacity in the areas of cement, steel, flat glass and engineering machinery.
Li also urged Iraq would take effective measures to ensure the safety of Chinese companies and citizens in Iraq. “The fight against terrorism and efforts to confront Daesh (ISIS/ISIL)” figured heavily in talks between the Chinese President Xi Jinping and the visiting Iraqi Prime Minister.
Abadi’s official visit to China from Tuesday to Wednesday is his first since taking office in September 2014. “The visit came at the right time and will help the strategic cooperation and aid our aim to establish strategic relations with Iraq,” Xi told Abadi according to the Iraqi PMO. “
Our position is clear in respect of Iraqi sovereignty and taking the consent of the Iraqi government in the fight against terrorism,” said the Chinese President. Turkey on Sunday announced it would “continue” to pull its troops out of northern Iraq after US president Barack Obama urged president Recep Tayyip Erdogan to do so in order to de-escalate tensions with Baghdad. T
he Baghdad government had earlier this month strongly criticized Turkey and the US for their commitment to send troops to battle the Islamic State and other terrorist groups in northern Iraq.
“China is keen to expand its military and defense cooperation, training and building of the Iraqi military capabilities and the exchange of information and military industries, and we are ready to respond to support Iraq in these areas, as well as
rocknrollbus: The Asian Infrastructure Investment Bank (AIIB) is an international financial institution that aims to support the building of infrastructure in the Asia-Pacific region. The bank was proposed as an initiative by the government of China,’
[3] supported by 37 regional and 20 non-regional Prospective Founding Members (PFM), all of which have signed the Articles of Agreement that form the legal basis for the proposed bank.
The bank will start operation after the agreement enters into force, which requires ratifications from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.
[4] On 25 December 2015, 17 states (Australia, Austria, Brunei, China, Georgia, Germany, Jordan, Luxembourg, Mongolia, Myanmar, the Netherlands, New Zealand, Norway, Pakistan, Singapore, South Korea and the United Kingdom) together holding 50.1% of the initial subscriptions of Authorized Capital Stock, had deposited the instrument of ratification for the agreement, triggering entry into force, and making them all founding members
[5] and bringing the Articles of Agreement, the bank’s charter, into force. 12 other states followed later, taking the amount of Authorized Capital Stock held by the 29 members of the bank to 74%. Major economies that did not become PFM include the United States, Japan and Canada.
OOTW: TYVM R&R BUS
rocknrollbus: Just trying to figure out if the AIIB will overtake the roll of the IMF?
OOTW: NOT AT ALL SURPRISING THAT I’M FINDING THINGS WE’VE DISCUSSED HERE IN CHAT TURNING UP AS “EXCLUSIVE” NEWS AT OTHER SITES….AFTER WE TALK ABOUT IT HERE
OOTW: TOO MUCH
Butifldrm: ok not sure if all of this will post
Butifldrm: The visit of Prime Minister Haider al-Abadi to China in the atheist of the month of December the past to serve as a re-opening of the Silk Road to extend this time directly from Baghdad to Beijing ..
It resulted in the visit are very important results, including the al-Abadi asked the Chinese not to allow the export of any goods not conforming to specifications to Iraq and this will get rid of those (trash) that we receive from the land of dragons! ..
as well as agreements and memorandums of understanding signed between the two sides in the military and oil and investment fields in various fields what gives the clear impression that the partnership strong strategy between the fat began her features clear and Iraq will be the most side benefit of this partnership,
because the Chinese have put Iraq sights for many years while waiting for their chance to enter strongly per Iraqi investment environment ..
It strengthens this partnership and reinforce is the need that Iraq is moving strongly towards accession to the Asian Investment Bank, which was established in China and engaged in membership of 60 countries from Asia, Europe, Africa and Latin America,
and means the bank to grant loans to Member States for the implementation of projects in the field of infrastructure and filling the needs of the inhabitants of these services, be sure to Iraq’s accession to the membership of this bank would give him the possibility in the face of economic challenges in the investment side
and investigation services in the light of the increasing steadily for the population (about 37 million people), as well as the liberation of the Iraqi economy from the pressure exerted by some international institutions
.. It is certain that China and management of the fund will accept on Iraq strongly if asked to join him because of the strategic location of the Mesopotamia on the Silk Road, and of course that the conditions of access to loans from this fund will not be similar to the conditions of the International Monetary Fund, but is affordable
Butifldrm: read the full article  Butifldrm: wealthwatch.world/showthr…
http://wealthwatch.world/showthread.php?tid=3820
rocknrollbus: Thanx……..a million…………Dinars………….when they RV…………..