PUG CHAT - 1/11/10 in Evening

Pug says to (22:04:37):OK WE ARE GOING TO HAVE TO GO BACK A COUPLE WEEKS
Pug says to (22:05:00):MAYBE ONLY 10 DAYS OR SO
Pug says to (22:05:14):THIS WAY YOU CAN ALL UNDERSTAND
Pug says to (22:05:29):NOW I AM USING THE KISS PRINCIPLE
Pug says to (22:05:40):I CAN'T GO ANY LOWER
Pug says to (22:05:53):NOW ACTUALLY JUST FOLLOW ALONG
Pug says to (22:06:11):NOW BACK IN SEPT A GOVT AGENCY DID A SUSTAINABILITY STUDY FOR THE UN/IMF AND IRAQ
Pug says to (22:06:25):UNDER MULTIPLE SCENARIO'S HOW IRAQ COULD HANDLE SPECIFIC EXCHANGE RATES
Pug says to (22:06:37):THE VALUATION OF THE IQD WAS TO COME OUT
Pug says to (22:06:53):THEN CHINA GOT INVOLVED
Pug says to (22:07:14):MADE A POINT ABOUT THE RV THAT APPARENTLY WAS CORRECT AND IT WAS PUT OFF
Pug says to (22:07:25):THEN IRAQ DECIDES TO RV AGAIN.
Pug says to (22:07:39):BUT AGAIN CHINA IS INVOLVED (OCTOBER) AFTER THEY WERE BANNED FROM THE OIL AUCTIONS
Pug says to (22:07:51):AND IF IT DID REVALUE CHINA WOULD DUMP ALL THE IQD THEY HAD ONTO IRAQS LAP AND WANTED TO BE PAYED FOR IT
Pug says to (22:07:59):THEN AS WE SAW CHINA GOT A MAJOR OIL CONTRACT AND THEN THEY FORGAVE 80% OF IT'S DEBT APPROXIMATELY 8 TRILLION IQD OF IRAQS
Pug says to (22:08:11):DURING THIS TIME MULTIPLE CRISIS HAPPENED
Pug says to (22:08:25):BOMBING AFTER BOMBING .
Pug says to (22:08:36):HUNDREDS KILLED AND THOUSANDS WOUNDED
Pug says to (22:08:47):ALL OF WHICH WERE SEEMINGLY TIMED AT A MOMENT WHEN IT SEEMED A POSSIBLE RV WAS IMMINENT.
Pug says to (22:09:01):THEN A POLITICAL DISASTER
Pug says to (22:09:13):THE ELECTION LAW
Pug says to (22:09:24):WHAT SEEMED TO BE A SLAM DUNK
Pug says to (22:09:30):ALL OF A SUDDEN IS NOT SO SIMPLE BY THE BLIND SIDED VETO FROM HASHEMI
Pug says to (22:09:38):THEN WHEN IT SEEMED THAT IT WAS GOING TO BE VETOED AGAIN WITH 10 MINUTES TO GO
Pug says to (22:09:46):HASHEMI MIRACULOUSLY LETS HIS SUNNI PARTY TAKE A LOSS IN SEATS AND SIGNS OFF ON IT.
Pug says to (22:09:52):ANOTHER ISSUE THAT CAN BE CONSIDERED RV HAMPERING
Pug says to (22:10:02):THEN ANOTHER POLITICAL DELAY COMES
Pug says to (22:10:10):MALIKI HAS THE RV AND DECIDES TO USE IT TO JUMP START HIS CAMPAIGN
Pug says to (22:10:30):SO THEN WE WAIT AND WAIT AND WAIT.BUT NOTHING
Pug says to (22:10:40):WE THEN FIND OUT THAT THE RESPONSIBLITY OF THE VALUATION IS NOT AS EASY A ONE AS MALIKI THOUGHT
Pug says to (22:10:50):HE NO LONGER IS RUNNING AND NO LONGER WANTS TO BE RESPONSIBLE FOR IT OR THE POSSIBLE REPRECUSSIONS
Pug says to (22:11:08):SO IT GOES BACK TO CBI ANOTHER DELAY
Pug says to (22:11:33):NOW WE ARE AT THE BUDGET ALSO MORE BOMBINGS HERE IS A SIGN THAT WE MISSED
Pug says to (22:11:43):THE PROVINCES STARTED COMPLAINING ABOUT THE RATE OF EXCHANGE BEING APPLIED TO THE MONEY ALLOTED THEM.
Pug says to (22:11:53):THEY ARE SAYING THAT THE 2009 RATE SHOULD NOT APPLY
Pug says to (22:12:04):TO THE 2010 BUDGET
Pug says to (22:12:12):IT SHOULD BE THE 2010 BUDGET EXCHANGE RATE THAT IS SUPPOSE TO COME OUT JAN 31, 2010
Pug says to (22:12:20):AND THAT RATE SHOULD INCREASE THE BUDGET BY 20% FOR EACH PROVINCE
Pug says to (22:12:28):WHOOA I AM THINKING
Pug says to (22:12:36):] OLD EXCHANGE RATE/NEW EXCHANGE RATE FOR 2010
Pug says to (22:12:48):NOW THEN THE BUDGET COMES UP
Pug says to (22:12:58):BUT THEY DON'T WANT TO APPROVE IT UNTIL AFTER ELECTIONS OR JUST BEFORE
Pug says to (22:13:13):SO THAT GOVT MONEY CANNOT BE USED TO HELP CAMPAIGNS
Pug says to (22:13:36):IF NO BUDGET BY THE 12TH THIS NEW WORD COMES UP
Pug says to (22:13:56):THE ERM OR EXCHANGE RATE MECHANISM
Pug says to (22:14:05):NOW AN EXCHANGE RATE MECHANISM CANNOT COME AFTER THE BUDGET
Pug says to (22:14:16):OR WHAT I AM SAYING IS THIS
Pug says to (22:14:24):THE BUDGET CANNOT BE APPROVED FIRST
Pug says to (22:14:32):] IF THE 2010 BUDGET IS PASSED WITHOUT USING THE ERM AND THE NEW RATE
Pug says to (22:14:52):] IT WILL BE A FIASCO FOR THE BUDGET
Pug says to (22:15:01):IT WILL CREAT A MASS OF RECALCULATIONS
Pug says to (22:15:14):SO I AM TOLD THAT THE ERM/RATE OF EXCHANGE SHOULD HAVE TO BE IN PLACE FIRST OR AT THE SAME TIME THE BUDGET IS APPROVED.
Pug says to (22:15:22):ALSO THAT IF YOU LOOK AT ALL THE PROJECTS THAT ARE LISTED BY THE GAZETTE
Pug says to (22:15:30):IT IS SO AGGRESSIVE
Pug says to (22:15:38):AND JUST HOW ARE THESE GOING TO BE PAID FOR?
Pug says to (22:15:46):] NOT WITH A CURRENCY THAT IS WORTHLESS
Pug says to (22:15:53):AT A RATE OF 1170
Pug says to (22:16:02):NOW WE THEN SEE AN ARTICLE POSTED BY BRONX FROM THE CBI ADVISOR SALEH
Pug says to (22:16:24):PRETTY MUCH IN VERY FEW WORDS,THAT THE RV HAS BEEN HAMPERED BY ALL I LISTED ABOVE BUT NOT STOPPED
Pug says to (22:16:36):NOW WE NEED TO FOLLOW THE PROGRESS OF THE BUDGET
Pug says to (22:16:45):ALSO I THINK WE ARE ON THE VERGE OF AN RV SOON
Pug says to (22:16:56):I HAVE BEEN INFORMED AND HAVE STUCK TO THIS INFORMATION
Pug says to (22:17:08):] FROM THE IMF AND ONE AGENCY I HAVE GIVEN MY WORD NOT TO EXPOSE
Pug says to (22:17:16):THAT THE VALUATION OF THE IQD WAS THE MONTH OF JANUARY
Pug says to (22:17:24):NOW THIS FALLS INTO THE JAN 31 DATE BROUGHT UP THE PROVINCES
Pug says to (22:17:34):AND THE RATE THEY WANTED TO USE
Pug says to (22:17:43):NOW IT IS THE 12TH NOW IN IRAQ
Pug says to (22:17:51):THAT WAS THE DEADLINE DATE GIVEN
Pug says to (22:17:59):I AM NOT SAYING AN RV TONIGHT
Pug says to (22:18:11):BUT I THINK WE NEED TO PAY CAREFUL ATTENTION TO THE NEXT FEW DAYS
Pug says to (22:18:26):I THINK WE ARE WATCHING THE RV UNFOLD BEFORE US
Pug says to (22:18:35):AND IT IS TAGGED TO THE BUDGET
Pug says to (22:18:43):IN THE FORM OF AN ERM
Pug says to (22:18:58):DOES THIS MAKE SENSE TO YOU ALL?
******* (22:19:02):The moderator disabled the moderated mode, you may freely chat now.
Pug says to (22:19:09):done