SFMEDIC CHAT - Dinar Speculator

FIRST YOU ALL UNDERSTAND THAT IS A FRAMEWORKK FOR THE CONTINUED SUCCESS IN IRAQ. IT WAS UPDATED IN 2008 AND THE 2009 ON ARE PROJECTIONS FOR EACH YEAR BASED ON THE GOALS SET IN EVERY ASPECT OF THE GOVT AND MONETARY AND ECONOMIC POLICIES. IT STRESSES THE CONTINUED PROGRESS IN THE PRIVATE SECTOR. THE PRIVATIZATION OF BANKS IN IRAQ, LIBERALIZING LENDING TO THE PRIVATE SECTOR. INCREASING EACH YEAR LITERACY, IT STRESSES THE CONTINUED FIGHT AGAINST CORRUPTION AND THE DEVELOPMENT OF THE IRAQI SECURITY FORCES. IT ALSO STRESSES CONTINUED INVOLVMENT AND PARTICIPATION IN THE UN, IMF, OPEC, WB AND CONSIDERING ACCESSION TO THE GCC. IT IS BASICLY BRINGING THEM BACK IN TO THE ITERNATIONAL COMMUNITY AND THE INTERNATIONAL FINANCIAL COMMUNITY WITH SET STEPS FOR THEM TO FOLLOW AND CONTINUED GROWTH BUT NOT USING UNREALISTIC GOALS OR BENCHMARKS. IT CONTINUES TO STRESS THAT DEMOCRACY IS FOR THE PEOPLE OF IRAQ AND ALL ISSUES TO REBUILD THE INFRASTRUCTURE, DECREASING UNEMPLOYMENT, HOUSING, WATER, ELECTRICITY FOR THE IRAQI CITIZEN BY THE GOVT SHOULD BE THE ONLY CONCERN, WHICH WE KNOW THAT THE PARLIAMENTARY BLOCS HAVE NOT FOLLOWED.

THEY HAVE FIRST TAKEN CARE OF THEMSELVES WITH LEGISLATION FOR PENSIONS, 10 YEAR DIPLOMATIC PASSPORTS AFTER THEY LEAVE OFFICE, ACCESS TO OWN PROPERTY THAT ONLY THE PM IS TO HAVE ACCESS TO OWNING. THEY HAVE NOT PASSED THE ONE TIME MOST THOUGHT OF IMPORTANT LEGISLATION THE HCL. WHICH HAS BEEN SITTING THERE FOR 3 YEARS NOW. WITH NO VOTE. THEY BARELY GOT THE EL DONE WITHOUT FOREIGN INTERVENTION BECAUSE OF A SELF SERVING VP. FIRST OFF THEY CAN PASS THE HCL ALL THEY WANT. IT MEANS NOTHING. THEY CAN'T TOUCH THE MONEY IN THE DFI FOR 12 MONTHS. OK, FOR ALL YOU NEWBIES WHO HAVE NOT BEEN AROUND FOR EVERYTHING THAT HAS HAPPENED OVER THE LAST 18 MONTHS.

THE HCL IS TWO PARTS. ONE THAT COVERS FOREIGN INVESTMENT IN IRAQS OIL. THE OTHER THE REVENUE SHARING WITH THE KURDISTAN GOVT AND THEIR OIL PRODUCTION. IN LATE FEBRUARY, THE MINISTER OF OIL HAD INCORPORATED ALL THE FOREIGN INVESTMENT AMENDMENTS FROM THE HCL INTO THE CURRENT OIL LAW THAT WAS LAW ALREADY. THIS IS WHY ALL THOSE OIL COMPANIES ARE IN IRAQ NOW BIDDING AND BUYING PROPERTY OR LEASING AND CAN NOW HAVE MAJORITY OWNERSHIP IN WHAT WAS AND STILL IS A NATIONALIZED INDUSTRY. THE ONLY ISSUE IS THE REVENUE SHARING % TO BE SETTLED WITH THE KURDISTAN GOVT AND THE GOI. THERE ARE ALSO SOME OTHER ISSUES BUT THE MAJOR ONE IS THE 87/13% SPLIT THAT THE GOI WANTS BASED ON THE CENSUS IN KURDISTAN.

SEE THE SUNNIS WOULD GET MORE AND THEY PRODUCE LESS THAN KURDISTAN. WELL NOT REALLY MORE BUT THEY WOULD GET MORE THAN THEY ACTUALLY PRODUCE. KURDISTAN FEELS THEY ARE GETTING SCREWED. THEY BUILT THE REFINERIES AND PUT IN THE WELLS, ETC AT THEIR OWN COST AND NOW THEY AS A SEMI-AUTONYMOUS GOVT WITH THEIR OWN PRESIDENT AND PARLIAMENT ARE BEING TOLD THEY HAVE TO GIVE REVENUES TO THE COUNTRY THEY HAVE BEEN SEPARATED AND PROTECTED FROM SINCE THE 90 GULF WAR.

OK ALL DONE. HOW CLOSE DO I THINK WE ARE? I AM SAYING AND THIS IS PARTLY BECAUSE I CHEATED. I HAVE SOME INFO FROM THE IMF THAT WITHIN 30 DAYS OF THE 28TH.