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Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 9-1-16 Part 3 of 3
rcookie says():SO ON THE REVENUE SIDE ....ESPECIALLY THE NON OIL REVENUE STREAMS INCREASING.....
OIL PRODUCTION CAPACITY INCREASING DRIVING THE REVENUES FOR THE BUDGET........
NOW FACTOR IN ALL THE EXPENDITURE REFORMS WE TALKED ABOUT YESTERDAY....
SAVING THEM MONEY ON THE OTHER SIDE...PENSION REFORM...PRIVAIZATION OF SOE'S ETC....THEY ARE EXPANDING GDP BY THE MILLI SECOND...
david334 says to rcookie():sovereign finance people get it institutional pension , mutual funds and hedge funds don't ...yet !
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 9-1-16 Part 2 of 3
rcookie says():Set up a Cash Management Committee (CMC) by end-December 2016 to :
(i) oversee the timely and orderly financing of the budget including monitoring of all outflows and monitor all inflows in the TSA/Treasury main accounts, all revenue collection and spending;
(ii) monitor the macro- fiscal, macro-economic and monetary situation and activate corrective actions in a timely manner;
(iii) ensure coordination and sharing of information between the key stakeholders; and
(iv) facilitate policy discussions. Chaired by the most senior official of the Ministry of Finance, the CMC will include representatives of the Debt Management Department, the Budget Department, the Treasury, the Ministry of Oil, large spending units, and the CBI.
~~~
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 9-1-16 Part 1 of 3
bubbles says to Okie Dinar():Is that the lastest ammendment past on amnesty law?
Okie Dinar says to bubbles():I would assume. He just posted that 2 hours ago :)
bubbles says to Okie Dinar():(y)
bubbles says to Okie Dinar():that was quick. only a couple days thank you
Okie Dinar says to bubbles():They are moving very quickly :)
bubbles says to Okie Dinar():yes love it
Okie Dinar says to bubbles():LOL, me too!
RickeyT says to BGG():do you feel that most of the crooked whales will have to be "brought to justice" prior to any currency form being implemented?
RickeyT says to BGG():Like Miliki....
rcookie says():GA DU!!...
rcookie says to Woodywoodpecker():I POSTED...AWAY FROM THE LAST CALL...THE LIST OF DTAILED REFORMS THE INF WANTS FROM THE CBI LAW BEING AMENDED...AS OUTLINED IN THE 2016 LOI/MEFP/TMU...
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The below posts were in our 6pm newsletter
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Post From Dinar Updates
Chat Room Excerpts & Highlights
rcookie says():OK......SO HERE IS ANOTHER STATEMENT FROM NASIRI REQUESTING THE GOV'T ESTABLISH A SUPREME COUNCIL FOR THE PRIVATE SECTOR...
rcookie says):Alnasiri: calling on the government to establish the Supreme Council for the private sector
The member of the Forum of Baghdad Advisory Council Economic Government to establish the Supreme Council for the private and pointed to the Gaza told Economy News that the main pillars of economic reform is to give an active role for the private sector in the process economic management and activation session of the Economic through involvement in economic decision-making in areas that stimulate productive sectors in agriculture, industry, energy and tourism to diversify its 2017 budget resources
and reduce dependence on oil ratio as a major supplier of the budget, according to government estimates of the allocations planned for the oil revenues and non-oil revenues in the budget and Hmaattalb of the government to take quick action this year of the founding of (the Supreme Council for the private sector)
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Post From Dinar Updates
Chat Room Excerpts & Highlights
larrykn says to ol lar():my wife an I have been in this for 5 years this month,we have shared this jouney too, the good days and bad, but I too feel we are almost there , can't wait
ol lar says():The last 5 years have not been for the faint of heart, you are blessed to have a wife with the intestinal fortitued to handle it.
larrykn says to ol lar():I am believe me :)
ol lar says():alas my wife will be glad to partake in the spoils
larrykn says to ol lar():we do have big plans after this is over :)
ol lar says():but first I need to find a cook book on how to prepare ,CROW,:D
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KTFA:
Aggiedad77: Signs....signs...and more signs.....of good things coming to Iraqi citizens....electricity and water resources....Abadi is making the mountain move and he is doing things that catch the citizen's eye and attention.....stop the corruption and put the money where it can be of benefit for those it was intended in the first place. Aloha Randy
Don961:
Abadi and the Committee on Energy Ministerial announce the success of the smart meters and provide 24 hours of electricity a second area of Baghdad
Wednesday 31-08-2016 | 8:14:22
Twilight News / Information Office of the Council of Ministers to the President, Dr. Haider al-Abadi, announced on Wednesday, the last held a meeting of the Ministerial Committee energy.
According to a statement issued by al-Abadi's office "During the meeting, to approve funding for the completion of the Shatt al-Arab channel irrigation project along the strategic 128 km from Kthieban area to the top of Bisha and nourish many areas in the province of Basra also include permanent pumping stations."
....
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WSOMN:
AdminBill: HERE IT IS THE FIRST OF SEPTEMBER. SOURCES STILL SAYING WE ARE THERE WHILE OTHERS SAYING NOT QUITE. WHAT A ROLLER COASTER. BILL
Starchild: [Costs of endless Delay - Black Swans]
Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy, Assets Frozen
... today the largest casualty finally emerged on Wednesday when South Korea's Hanjin Shipping, the country's largest shipping firm and the world's seventh-biggest container carrier, filed for court receivership
after losing the support of its banks,
leaving its assets frozen as ports from China to Spain denied access to its vessels.
http://www.zerohedge.com/news/2016-08-31/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bank
....
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The below posts were in our 10am newsletter
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Post From Dinar Updates
Chat Room Excerpts & Highlights
Okie Dinar says():The dollar 's exchange rate at the highest level in a month
Views 18 Date 31/08/2016 - 18:50 Economy News / Continue ...
It rose US currency exchange rate, the dollar, the highest level in a month against the Japanese yen as investors away in the currency market for the Japanese currency and optimism after the consumption figures in the United States.
The dollar rose to 103.23 yen, a level not more than a hundred yen to the dollar (100.5 yen to the dollar) the beginning of the week.
This is the highest level of the exchange rate to the dollar since the end of last month.
The euro exchange rate against the dollar has not changed too much to remain at $ 1.11 against the euro.
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Post From Dinar Updates
Chat Room Excerpts & Highlights
rcookie says():LOOK AT THE AMOUNT OF ADDITIONAL TAX REVENUES WHEN IMPLEMENTED FULL YEAR FOR 2017...
rcookie says():WOULD LOVE TO SEE WHAT WAS LEFT OF THE $38 BILLION DFI FUND...BEFORE IT WAS TRANSFERED TO SUCCESSOR ACCOUNT 300/600...
rcookie says():HERES THE UNDERSTANDING WHERE THE VAT WE READ ABOUT CAME FROM....NOT OSMOSIS.... THE IMF..
rcookie says():SO THERE IS A PC FOR MINISTRY OF FINANCE BY END OF SEP 2016....NO GUESSING....SPECULATING....RIGHT FROM THE IMF...
rcookie says():SO THIS IS SOMETHING YOU CAN GUARANTEE YOU WILL SEE AS PART OF 2017 BUDGET..
rcookie says():MORE TO LOOK FOR BEING EXECUTED BEFORE THE END OF 2016...
rcookie says():AND HERE ANOTHER PC DATE BENCHMARK FOR END OF DECEMBER 2016.......TO PROPOSE STARTEGY TO STRENGTHEN THE TAX & CUSTOMS ADMINISTRATION...
rcookie says():AND...BY TODAY..END OF AUGUST PROPOSE A STRATEGY TO IMPLEMENT UNCTAD ASYCUDA INFORMATION SYSTEM TO ITS ADMINISTRATION...
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Post From Dinar Updates
Chat Room Excerpts & Highlights
SRW says to clay():The Kurds would tell Abadi and the rest of Iraq to take a hike if they were told not to fight for Mosul. The Kurds want Mosul! BAD!! IMO.... IMO
larrykn says to SRW():I'm not sure if Abadi wants Mosul more then he wants Isis out of Iraq,IMO they are looking for security for the country
clay says to SRW():agree
clay says to larrykn():(y)
SRW says to larrykn():Abadi wants both! Then the real negotiations start with the Kurds! In my opinoin that started months ago. Iraq would not have Fallugah without the Permeshga forces! They are a tough fighting force. Of course with international military forces helping, like our special forces and Air Force helping. IMO
larrykn says to SRW():you might be right about Adibi wanting both but I think for things can move forward without fighting and not getting deals done, Adabi will agree to what the Kurds want for now. and fight over it another day
~~~
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KTFA:
Aggieadad77: Good Morning Family.....here is a little something to go along with your Cheerios or oatmeal or scrambled eggs this morning....the notes from last night's dessert....enjoy
Aloha Randy
*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***
CC Notes for Wednesday 08-31-2016
Frank26: Here's what I'm going to do.....I'm going to ask you to ask me questions....the last few days I've noticed....boy oh boy....I am very proud of you KTFA Family you have asked some astute questions....you've seen me back off....I've let you guys talk with each other....throw ideas back and forth with each other....some of them I scratch my head at and I go...what...where did you get that opinion....and some of them I literally stand up and applaud and do the Snoopy dance...
....
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WHY THE KIRKUK OIL AGREEMENT IS SO IMPORTANT
Today's agreement with the Kurds over the Kirkuk oil field is really important. This was a disputed area/oil rich area. Without being able to determine who owned the area, the Kurds or Baghdad, there couldn't be an agreement on that oil, therefor no HCL, and without an HCL, probably no RV. Territory disputes had to be resolved in order to clarify Article 140.
Sometimes, it's hard to remember key factors. This was one of them, the resolution of which certainly moves forward the HCL.
I still can't project a timeline for the RV. But, I'm looking for Abadi to get the rest of his Ministers appointed mid-September - mid-October given his own statements and the approximate time it takes the GOI to actually vote on things, and they may not approve everyone at once.
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