NOW YESTERDAY WHEN I WAS TALKING ABOUT THE 31ST OF MARCH. IT WAS ONLY A GENERALITY FOR THE DISBURSEMENT OF THE IMF FUNDS. IT COULD BE FEB 28. WHO KNOWS? IT HAS NOT BEEN PUBLISHED. ALL WE KNOW IS THE FIRST QUARTER THEY GET THE DISBURSEMENT. I ALSO KNOW THIS FACT THAT ACCORDING TO THE IMF MEMBER ARTICLES THAT ANY STIPULATIONS ATTACHED TO THE SOFT LOAN HAVE TO BE IN PLACE I THOUGHT IT WAS 30 DAYS. BUT LANACHY TOLD ME 45 DAYS.
NOW THIS WAS ONLY AN EXAMPLE OF ONE OF THE MECHANISMS THAT CAN CAUSE THE RV TO HAPPEN. A SIGN OF THEM GETTING READY FOR AN RV IS THE IMPLEMENTATION OF THE IMF'S GDDS. SO THAT IS ONLY ONE MECHANISM. NOT THE ONLY ONE. I ONLY PUT IT OUT TO LET YOU ALL KNOW THAT THEY ARE IN A CORNER FOR A DEADLINE BECAUSE OF THE IMF SOFT LOAN. NOW THAT IS WHY I WAS HAPPY THAT THEY GOT THE DFI EXTENSION. IF THEY DIDN'T GET IT THEN THEY WOULD HAVE HAD ACCESS TO FUNDS IN THE DFI. EVEN IF THE 120 BILLION THEY OWE OUT WAS TAKEN THEY STILL HAD BILLIONS TO ACCESS. NOW THEY DON'T HAVE ANYTHING AND THE DFI MONEY CANNOT, I REPEAT CANNOT BE USED TO PAY THE IMF BACK.
NEXT MECHANISM IS THE ELECTIONS. ON THE ELECTIONS, I STATED YESTERDAY THE FAILURES OF MALIKI DURING HIS TERM. IN GENERAL NO POLITICIAN CURRENTLY IN THE GOVT HAS ANYTHING TO BRAGG ABOUT.
NOW ALL WE CAN DO IS WAIT AND SEE HOW THIS PLAYS OUT AND WHO IS GOING TO HAND OUT THE RV TO THE PEOPLE OF IRAQ.
NOW I DO TRUST THE INFO FROM RAMISH. SHE HAS NO REASON TO BS AND ALSO THIS IS THE SAME INFO THAT THE CBK HAS. NOW SHE FEELS THAT IT WILL BE DONE WITHIN 10 DAYS FROM THE 18TH. NOW THAT IS WHY THEY PUT OFF COMING HOME TODAY FROM IRAQ UNTIL THE 1ST OF JANUARY. THAT WAS THE ONLY REASON THEY HELD IT OFF.
THAT IS ALL I HAVE. THANKS VERY MUCH AND YOU ALL HAVE A WONDERFUL XMAS.
RAMISH is MEDIC'S source in Iraq, who said she postponed coming home on 12/23/09 to 1/1/2010, because she felt that MALIKI would RV during the week of New Years. Ten days from the 18th is of course 10 days from the 18th of December 2009.
Wednesday, December 23, 2009
REASONS WHY SO MUCH CONFUSION FOR RV DATE (Comments by "Super" @ Dinar Vets)
August 2004
BAGHDAD - Smuggling, hoarding and currency speculation sent the Dinar on a rollercoaster ride this week, pushing the value of the new currency up to almost ID 900 to the Dollar. On the day that the old notes bearing Saddam’s picture were phased out, the new currency saw some of the same market manipulation the older currency faced, prompting some economists to ring alarms that the beleaguered currency may be set for a more serious downfall.
”Large amounts of the new Iraqi Dinar have been smuggled out of Iraq to neighboring countries like Kuwait and Syria and Jordan, and the demand for the dinar is now much higher,” said Ali Fahmy, a trader in Kiffah market, as he watched the Dinar rise ever higher in value.
”There are now traders supplying dinars to speculators in other countries. For example, if I have $1000 and change it to 1.5 million ID, and then smuggle the money outside Iraq, after a while the Iraqi dinar may become so strong against dollar that I would then have a fortune. ”
The smugglers have taken to concealing the new Dinar in unlikely ways, traders say. Some have stuffed the new bills into car spare tires, or stashed banknotes in hidden tanks within trucks crossing the border. ”They come to us and want the dinar in high denominations like the 25,000 or 10,000 note. That’s because it’s easy to carry large amounts of the dinar and hide it in hidden places in bags or suits,” says Naji Tawfiq, a trader in Harthya.
Even Iraqis seem to be stashing away dinars in the hope that the exchange rate will return to its 1980’s high of $3.3 for per dinar. ”They are waiting till their ID1.5 million becomes $5 million. It’s a big gamble but they hope that their few million Dinars will one day be worth millions of dollars instead,” explains Ali Fahmy.
”If the smuggling continues, then we will face a real problem, as there is not enough currency for us, the Iraqis, to deal with in the markets. This may force the Central Bank to print more dinars with the effect that the value will fall,” suggests Hisham Al-Dagestani, a banking expert. ”We should punish anyone exporting dinars, and close the borders to stop it from happening.” But Central Bank officials put a different spin on the wide fluctuations. The huge fluctuations reflect rising confidence in Iraq and in it’s currency, they insist. Sabah Noori, manager at the Minister of Finance’s office, predicts global interest in the new Iraqi dinar to increase even further. ”When I was in Kuwait, I saw notes and signs in the streets about the Iraqi dinar’s value. People trust the new currency as it can’t be faked, because they believe that the Iraqi dinar is supported by the Americans. I heard people saying that they should buy large amounts of the new dinar to gain benefit in the future.”
”There are high hopes for the Iraqi economy,” says Iraqi Central Bank governor Dr. Sinan Al-Shibiby. ”It’s now a trustworthy currency, but the rise in value is not justified because it’s too big a jump, while you really want something smooth. People now want to have the dinar because it will be strong in the future.”
http://www.iraq-today.com/article.ph...ing=§ion=2
"SUPER" POST (Dinar Vets):
We know Iraq wants to RV but we've heard through the chat and forum people say that the longer it takes for Iraq to RV the higher the rate on the dinar will become at RV. Well that is very true and this is an article that was posted in 2004, in another forum that I belong to, its old I know and the link don't even work anymore, but it can give some incite to a lot of people that are new (newbies). A little history on what the CBI is trying to accomplish. CBI knows that in order to bring the rate up on the Iraqi dinar they have to make the dinar a valuable and desirable currency by pushing it through the system over and over with auctioning and selling out of country to people like you and I through E-bay or the dinar traders make the New Iraqi Dinar (NID) rate go up. Now every time we hear a rumor that the RV is next week and rate is going to be $x.xx dollars per dinar. The internet is the quickest way to get a rumor started and what does a lot of people do when they hear that it's going to be for sure 100% done? People are going to be like sharks in the ocean that smell a drop of blood, especially if it came from the "CBI". "Oh I don't have enough dinar, I have to get more just in case the RV doesn't come in as high as I think it will."
I know I've done it myself, never the less not only does CBI make a bunch of money but the dinar traders do as well. But the point is there is no RV on that date and CBI knows it, because it's a RUMOR and they are not held accountable for what does materialize. "Oh but next week, and the following week, and month, or year there will be an RV. And those that has made the predictions are set up to look like fools because it didn't come about and as long as CBI continues to keep the rumors flowing, then the more the money flows their way. But the danger of what I thought could happen is about corruption within the CBI or TBI, that is to say if some are skimming money off the top, by not reporting what they take for themselves, then the rate of the dinar is sitting still and not growing in a physical valve. But I think we all know Iraq by now in that they will milk all they can, while they can. So you see CBI can be using the dumb greedy INFIDEL World to pay for all of their living while sitting on I think they have strategically the most resources on earth than anyone. So keep in mind don't kill the messenger the next time you hear a rumor of 100% RV, or it going RV tomorrow or next week, it may be coming from the Iraq's CBI or TBI. But know this that the valve of their money is still moving up daily, and if you hear that it has RVed, then it doesn't mean you have to cash in right away unless, and I do mean unless you are destitute and need it for survival or we are told we have a set time limit to trade in our old currency for new currency. IMO
BAGHDAD - Smuggling, hoarding and currency speculation sent the Dinar on a rollercoaster ride this week, pushing the value of the new currency up to almost ID 900 to the Dollar. On the day that the old notes bearing Saddam’s picture were phased out, the new currency saw some of the same market manipulation the older currency faced, prompting some economists to ring alarms that the beleaguered currency may be set for a more serious downfall.
”Large amounts of the new Iraqi Dinar have been smuggled out of Iraq to neighboring countries like Kuwait and Syria and Jordan, and the demand for the dinar is now much higher,” said Ali Fahmy, a trader in Kiffah market, as he watched the Dinar rise ever higher in value.
”There are now traders supplying dinars to speculators in other countries. For example, if I have $1000 and change it to 1.5 million ID, and then smuggle the money outside Iraq, after a while the Iraqi dinar may become so strong against dollar that I would then have a fortune. ”
The smugglers have taken to concealing the new Dinar in unlikely ways, traders say. Some have stuffed the new bills into car spare tires, or stashed banknotes in hidden tanks within trucks crossing the border. ”They come to us and want the dinar in high denominations like the 25,000 or 10,000 note. That’s because it’s easy to carry large amounts of the dinar and hide it in hidden places in bags or suits,” says Naji Tawfiq, a trader in Harthya.
Even Iraqis seem to be stashing away dinars in the hope that the exchange rate will return to its 1980’s high of $3.3 for per dinar. ”They are waiting till their ID1.5 million becomes $5 million. It’s a big gamble but they hope that their few million Dinars will one day be worth millions of dollars instead,” explains Ali Fahmy.
”If the smuggling continues, then we will face a real problem, as there is not enough currency for us, the Iraqis, to deal with in the markets. This may force the Central Bank to print more dinars with the effect that the value will fall,” suggests Hisham Al-Dagestani, a banking expert. ”We should punish anyone exporting dinars, and close the borders to stop it from happening.” But Central Bank officials put a different spin on the wide fluctuations. The huge fluctuations reflect rising confidence in Iraq and in it’s currency, they insist. Sabah Noori, manager at the Minister of Finance’s office, predicts global interest in the new Iraqi dinar to increase even further. ”When I was in Kuwait, I saw notes and signs in the streets about the Iraqi dinar’s value. People trust the new currency as it can’t be faked, because they believe that the Iraqi dinar is supported by the Americans. I heard people saying that they should buy large amounts of the new dinar to gain benefit in the future.”
”There are high hopes for the Iraqi economy,” says Iraqi Central Bank governor Dr. Sinan Al-Shibiby. ”It’s now a trustworthy currency, but the rise in value is not justified because it’s too big a jump, while you really want something smooth. People now want to have the dinar because it will be strong in the future.”
http://www.iraq-today.com/article.ph...ing=§ion=2
"SUPER" POST (Dinar Vets):
We know Iraq wants to RV but we've heard through the chat and forum people say that the longer it takes for Iraq to RV the higher the rate on the dinar will become at RV. Well that is very true and this is an article that was posted in 2004, in another forum that I belong to, its old I know and the link don't even work anymore, but it can give some incite to a lot of people that are new (newbies). A little history on what the CBI is trying to accomplish. CBI knows that in order to bring the rate up on the Iraqi dinar they have to make the dinar a valuable and desirable currency by pushing it through the system over and over with auctioning and selling out of country to people like you and I through E-bay or the dinar traders make the New Iraqi Dinar (NID) rate go up. Now every time we hear a rumor that the RV is next week and rate is going to be $x.xx dollars per dinar. The internet is the quickest way to get a rumor started and what does a lot of people do when they hear that it's going to be for sure 100% done? People are going to be like sharks in the ocean that smell a drop of blood, especially if it came from the "CBI". "Oh I don't have enough dinar, I have to get more just in case the RV doesn't come in as high as I think it will."
I know I've done it myself, never the less not only does CBI make a bunch of money but the dinar traders do as well. But the point is there is no RV on that date and CBI knows it, because it's a RUMOR and they are not held accountable for what does materialize. "Oh but next week, and the following week, and month, or year there will be an RV. And those that has made the predictions are set up to look like fools because it didn't come about and as long as CBI continues to keep the rumors flowing, then the more the money flows their way. But the danger of what I thought could happen is about corruption within the CBI or TBI, that is to say if some are skimming money off the top, by not reporting what they take for themselves, then the rate of the dinar is sitting still and not growing in a physical valve. But I think we all know Iraq by now in that they will milk all they can, while they can. So you see CBI can be using the dumb greedy INFIDEL World to pay for all of their living while sitting on I think they have strategically the most resources on earth than anyone. So keep in mind don't kill the messenger the next time you hear a rumor of 100% RV, or it going RV tomorrow or next week, it may be coming from the Iraq's CBI or TBI. But know this that the valve of their money is still moving up daily, and if you hear that it has RVed, then it doesn't mean you have to cash in right away unless, and I do mean unless you are destitute and need it for survival or we are told we have a set time limit to trade in our old currency for new currency. IMO
SHREVARINI POST - Dinar Vets
Sources beyond my control have informed me that this will be like waking up on Christmas morning and opening up an unexpected box full of cash. The proof is in the pudding, so get ready to bring in the New Year with a bang.
The source is from my aunt, who is in the banking industry, and has been her whole life. See ya at the bank on the 29th!
Shrevarini......
The source is from my aunt, who is in the banking industry, and has been her whole life. See ya at the bank on the 29th!
Shrevarini......
OIL SHARES FOR IRAQIS
DECEMBER 22, 2009, 10:06 P.M. ET
We Iraqis know that our oil reserves are the baseline of our status in the region and the lubricant of our liberation. We are not ashamed to say so. Blood for oil is our reality, and we intend to redeem the terrible price we have paid.
One chance to do that will come in February, when we hold our third free national election since Saddam Hussein was removed from power. Because our people's prosperity depends on oil, each political party must put forward its plan for developing our petrochemical industry. For me and my colleagues who are forming the Iraqi National Alliance (INA), the best way forward is to transform our country and our economy by giving all Iraqis a direct share of our oil income.
The INA agrees that significant foreign investment, and the legitimate profit of those who invest, is necessary for successful oil and economic development. The INA also recognizes that Iraq must, at the same time, safeguard its own patrimony.
This balance is for the next government to strike. The recent competition for Iraq's resources by international oil companies is welcomed. But a headlong rush to auction those reserves right now—before election day—by the outgoing Iraqi administration will only make it more difficult to developing our oil industry in a way that wins broad support.
The INA's domestic oil and petrochemical policy is to transfer Iraq's oil-wealth to the individual Iraqi citizen as much as possible. Decades of dictatorship concentrated wealth in the hands of Saddam and his criminal gang. As the people's representatives, INA pledges to directly enrich Iraq's people.
The INA's plan aims to increase oil production and help more Iraqis gain the legal, technical, and financial skills needed to run our oil industry. The INA is also calling for creating an Iraqi National Oil Company (INOC) that will provide every citizen stock in the company and share in its profits.
The platform of the INA promises the Iraqi people that the oil resources are "purely the property of each Iraqi individual through the ownership of one share for every individual to which is not for sale or inheritance and returned to the INOC after his death. . . . and to allocate 10% of the profit to be distributed equally among Iraqis."
Under our platform, the INOC will assume contractual control of all Iraqi oil. The INOC will provide legal, financial, and administrative personnel, and it will draw on the advice of international experts to negotiate and implement contracts.
The INA will also not ignore the corruption that has been endemic to the Iraqi oil industry since the United Nation's Oil-for-Food Program was created in 1995. The INA will make anti-corruption and transparency initiatives a central part of the new Iraqi oil program. We will create an energy council to oversee oil policy. And we will re-establish the Iraqi government as a reliable and fair partner in international negotiations by ensuring that all ministries act in the interests of the Iraqi people.
It is our belief that this platform will attract significant popular support in the upcoming elections and that it will be necessary for the INA to begin its immediate implementation if we are popularly endorsed.
Agreements struck in the interim will be unneeded impediments to our plans. We urge that everyone concerned with Iraq's future and with the stable conduct of international oil markets wait until the voice of the Iraqi people can be heard before bidding on Iraqi oil contracts.
If voters empower the INA in the upcoming elections, they will have done so after seeing our clear path forward for Iraq's reintegration into the world economy. Our program is centered on Iraqi interests and it recognizes that those interests are best served by cooperating with other countries and with foreign companies.
Mr. Uloum is a former Iraqi oil minister and a leading member of the Iraqi National Alliance.
http://online.wsj.com/article SB10001424052748704304504574610661109079836.html?mod=googlenews_wsj
We Iraqis know that our oil reserves are the baseline of our status in the region and the lubricant of our liberation. We are not ashamed to say so. Blood for oil is our reality, and we intend to redeem the terrible price we have paid.
One chance to do that will come in February, when we hold our third free national election since Saddam Hussein was removed from power. Because our people's prosperity depends on oil, each political party must put forward its plan for developing our petrochemical industry. For me and my colleagues who are forming the Iraqi National Alliance (INA), the best way forward is to transform our country and our economy by giving all Iraqis a direct share of our oil income.
The INA agrees that significant foreign investment, and the legitimate profit of those who invest, is necessary for successful oil and economic development. The INA also recognizes that Iraq must, at the same time, safeguard its own patrimony.
This balance is for the next government to strike. The recent competition for Iraq's resources by international oil companies is welcomed. But a headlong rush to auction those reserves right now—before election day—by the outgoing Iraqi administration will only make it more difficult to developing our oil industry in a way that wins broad support.
The INA's domestic oil and petrochemical policy is to transfer Iraq's oil-wealth to the individual Iraqi citizen as much as possible. Decades of dictatorship concentrated wealth in the hands of Saddam and his criminal gang. As the people's representatives, INA pledges to directly enrich Iraq's people.
The INA's plan aims to increase oil production and help more Iraqis gain the legal, technical, and financial skills needed to run our oil industry. The INA is also calling for creating an Iraqi National Oil Company (INOC) that will provide every citizen stock in the company and share in its profits.
The platform of the INA promises the Iraqi people that the oil resources are "purely the property of each Iraqi individual through the ownership of one share for every individual to which is not for sale or inheritance and returned to the INOC after his death. . . . and to allocate 10% of the profit to be distributed equally among Iraqis."
Under our platform, the INOC will assume contractual control of all Iraqi oil. The INOC will provide legal, financial, and administrative personnel, and it will draw on the advice of international experts to negotiate and implement contracts.
The INA will also not ignore the corruption that has been endemic to the Iraqi oil industry since the United Nation's Oil-for-Food Program was created in 1995. The INA will make anti-corruption and transparency initiatives a central part of the new Iraqi oil program. We will create an energy council to oversee oil policy. And we will re-establish the Iraqi government as a reliable and fair partner in international negotiations by ensuring that all ministries act in the interests of the Iraqi people.
It is our belief that this platform will attract significant popular support in the upcoming elections and that it will be necessary for the INA to begin its immediate implementation if we are popularly endorsed.
Agreements struck in the interim will be unneeded impediments to our plans. We urge that everyone concerned with Iraq's future and with the stable conduct of international oil markets wait until the voice of the Iraqi people can be heard before bidding on Iraqi oil contracts.
If voters empower the INA in the upcoming elections, they will have done so after seeing our clear path forward for Iraq's reintegration into the world economy. Our program is centered on Iraqi interests and it recognizes that those interests are best served by cooperating with other countries and with foreign companies.
Mr. Uloum is a former Iraqi oil minister and a leading member of the Iraqi National Alliance.
http://online.wsj.com/article SB10001424052748704304504574610661109079836.html?mod=googlenews_wsj
GIANT TV SCREENS SET UP IN ADHAMIYA AND THE FLAME
2009-12-23 12:58:00 2009-12-23 12:58:00
BAGHDAD (Iba) . Completed Baghdad Municipality Tlvazitin giant screens set up in the areas of Adhamiya and the torch at a cost of (150) million dinars.
. The Information Office of the secretariat of Baghdad, told the independent press (Iba), "The staffs of Electrical Department, one of the enamels formations Baghdad Municipality completed in coordination with the Municipality of Adhamiya, a giant television screen set up in Corniche Adhamiya cost (75) million dinars, as well as set up another screen in the garden of the competition area in coordination with Jawadain Municipality torch at a cost of (75) million dinars, "he said.
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Dmixture%26id%3D19057&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26channel%3Ds%26rls%3Dorg.mozilla:en-US:official%26hs%3D6EN%26sa%3DG&rurl=translate.google.com
He explained, "These screens will display advertisements to raise awareness of the municipal, guidance and instructions to the Secretariat, particularly those related to side service and projects being implemented by the secretariat of Baghdad, as well as the presentation of the most important political and economic events and sports through a live television broadcast events and holidays."
On a related section of the electricity and completed the work of embellishments decorate a number of main bridges linking the Karkh and Rusafa of the capital Baghdad.
And the Office "to complete the section of the bridge decorated with the Republic and the Sarafiya bridge as well as to decorate a bridge bulletins Accessories modern and sophisticated as well as decorating the street linking Square Abdul Mohsen Kazemi, Zahra Square within the municipality Kadhimiya boycotted by suspending releases different optical models, which have given those bridges tinge aesthetic characteristic.
BAGHDAD (Iba) . Completed Baghdad Municipality Tlvazitin giant screens set up in the areas of Adhamiya and the torch at a cost of (150) million dinars.
. The Information Office of the secretariat of Baghdad, told the independent press (Iba), "The staffs of Electrical Department, one of the enamels formations Baghdad Municipality completed in coordination with the Municipality of Adhamiya, a giant television screen set up in Corniche Adhamiya cost (75) million dinars, as well as set up another screen in the garden of the competition area in coordination with Jawadain Municipality torch at a cost of (75) million dinars, "he said.
http://translate.google.com/translate?hl=en&sl=ar&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Dmixture%26id%3D19057&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26channel%3Ds%26rls%3Dorg.mozilla:en-US:official%26hs%3D6EN%26sa%3DG&rurl=translate.google.com
He explained, "These screens will display advertisements to raise awareness of the municipal, guidance and instructions to the Secretariat, particularly those related to side service and projects being implemented by the secretariat of Baghdad, as well as the presentation of the most important political and economic events and sports through a live television broadcast events and holidays."
On a related section of the electricity and completed the work of embellishments decorate a number of main bridges linking the Karkh and Rusafa of the capital Baghdad.
And the Office "to complete the section of the bridge decorated with the Republic and the Sarafiya bridge as well as to decorate a bridge bulletins Accessories modern and sophisticated as well as decorating the street linking Square Abdul Mohsen Kazemi, Zahra Square within the municipality Kadhimiya boycotted by suspending releases different optical models, which have given those bridges tinge aesthetic characteristic.
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.
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.
Subscribe to:
Posts (Atom)
Posts
