Happy New year to all!~
I hope everyone enjoyed a safe and happy new years celebration! So here we are on New Years day....so far at this writing there is nothing being reported as far as change for Iraq. So we wait on this long holiday weekend. Every bank in the world is closed today on new years day and all financial markets are down for the weekend. The perfect time for the perfect currency revaluation!
Is this "the" weekend? We will just have to see....now there have been a few "changes". The major change seen in all of this was the cancellation of the November 23rd 24th high level U.N. meeting that the governor of Central Bank of Iraq, Sinan Shabibi was to address the world delegation. This was canceled on very short notice within hours of the unexpected veto of the Iraqi election law which saw the political situation in Iraq thrown into turmoil.
The new date for this important meeting was slated to be announced on or after the 11th of December and has been announced for March 16 - 17th, 2010. High-level Dialogue on Financing for Development 23-24 November 2009, UN Headquarters, New York - has been rescheduled for March 16-17, 2010. The fourth High-level Dialogue on Financing for Development which was to take place on 23 and 24 November 2009 at United Nations Headquarters has been rescheduled for March 16-17, 2010.
This year’s Dialogue will focus on the overall theme “The Monterrey Consensus and Doha Declaration on Financing for Development: status of implementation and tasks ahead”. Link to this information and other relevant important articles: http://articlesofinterest-kelley.blogspot.com/2009/11/united-nations-monterrey-consensus-and.html
So is the rescheduling of this "event" telegraph a change of date for the "global revaluations" and "redistribution of wealth"? That my friends....is the major question. Please keep in mind...this event is so classified and so secret that any information gleaned no matter how high the contact or source is subject to change and purposeful misdirection. So if for whatever reason this weekend comes and goes with no change in the exchange rate for Iraq does that mean we wait until March? Well if for some reason this is the case then I will still be on watch for a change at anytime all the way up to the weekend of the 15th of January with great intent.
So what am I saying? I am saying I expect and am looking for the rate change this weekend. But if not then it is just a matter of "when" and not "if". This has been a long hard road for many and a lesson in life for most. We have seen the best and the worst of people...we are all human and want the same things...peace, comfort, plenty, safety and acceptance. You may have noticed that I have a way of pushing peoples buttons and am guilty of doing so at times with intent.
Why do I do this? Well the main reason is to make everyone think....to make everyone ask questions of themselves. What do you really believe? What do you really stand for? Do you know that you know? Do you have faith? Faith in yourself? Faith in your own judgment? What is in your heart? What do you really want from life?
So what is my motive and goal for doing this? My goal is to bring hope....hope to the hopeless hope to those in need. But also to bring information and facts to give positive factual backing to that hope.....so it is a hope based upon factual data and news. Now sometimes information / Intel we get is wrong...and that is to be expected with something so huge and so classified as this event.
But know this...on these forums and blogs you will find the greatest wealth of concentrated information on the global economic situation to be found anywhere. This information is so fractured and spread out it is nearly impossible to find let alone find in one spot. The people who have worked so hard to bring this information to all of the investors on these forums have done a great job.
There are many forums, blogs and researchers who have gone above and beyond the call to place themselves into the critical eye of the public in an effort to help others understand. It has become sport to watch the "he said" and "she said" of some of those who get swept into the drama of the forums. "My Intel is bigger than your Intel" etc...etc. The fact is and remains...this is a classified event with classified information and anytime you have that you will have misdirection and misinformation and that goes right along with the operation by design.
So that fact that bad Intel and bad information prevails is only to be expected. So to all of the forums and all of the great researchers who have dared to place themselves into this position of the glaring public eye in an effort to help your fellow man, I tip my hat and say thanks for all you do and have done to help others understand the scope and complexities of this "event".
So to Medic and his team...Adam and his team, Moto and his team, Mrs CK and her team, and Frank and his team....THANKS! Yes sometimes issues become emotionally charged it seems....but all must stay resolute and focused on the goal and let the drama fall to the side. So keep your spirits up and and your aim high. Stay happy...stay focused and give thanks for the good things we have and may peace, prosperity and good fortune be with you and yours for now and forever. Happy and prosperous New Year
Phoenix and Lake House
Friday, January 1, 2010
USD COLLAPSE 2012 AND THE END OF THE WORLD AS WE KNOW IT
by Christopher Laird, PrudentSquirrel.com | December 29, 2009
Devolution of the USD 2012?
As the first public article for me just before 2010, it seems appropriate for me to comment on one of the biggest stories we will be all facing – that is an end game of events leading to the end of the USD. The implications for the world are no less than Armageddon – like. I mean it.
Before we get into some details, I have been working on forecasts for 2010, and my study of the USD situation and how much time it has left.
I first came to the conclusion that it was roughly (and I am getting close here on timing, I’m sure of this) two years from 2010. Actually, the calculation is two more years of relative USD functionality before the world realizes in about a shocking week’s time that the USD is just about to really go belly up. It’s not 5 years out anymore in my calculations, we have roughly two more years left.
Wait, that coincides with 2012!
It then occurred to me, as an afterthought, wait a minute – that takes us right to 2012!…That has some real significance for many reasons. It was an accident my analysis led to that date, I did not ask ‘Will the USD collapse in 2012?’ and then do the analysis, it was the other way around. I did the analysis first and then was impressed that the date actually came to that fateful date all the prophecies are going crazy about – 2012.
I find this coincidence remarkable. I think we all are aware of many economic and political disasters that will unfold if the USD were to actually collapse. The US economy would stop dead for a period of time. And, the rest of the world, hitherto dependent on the old industrial/consumer economic model will have to find a new economic paradigm to plan their economies…
Let me interpret that last paragraph for you – The USD collapse means the entire structure of the world economy will collapse for a period of time, with a collapsed supply chain, among other things. The world will also go through cataclysms politically during that period. That usually leads to massive wars… starvation and mass homelessness – around the world…
If it fits, then it fits.
Gee, that sounds familiar, wait, it’s the same stuff being prophesied in many of the numerous 2012 prophecies of various major religions! Hmm, that is quite the coincidence. The demise of the USD will collapse the entire world economy and lead to collapsed polities, and then a massive world war. Yep, it fits like a glove. And try this on for size- I do not believe in coincidence.
Interesting.
Of course, some people cringe at an analyst such as myself talking about ‘religious bunkum prophecies’ or so it goes. But consider that this analyst is a mathematician and also a former Oracle database systems engineer. I’m not exactly some dreamer. I certainly know the analytical methods…
So, why is Chris saying this stuff then? How can you combine prophecies with analytical methods? Well, for one thing, I have a thinking paradigm where ‘if it works, it must be true, don’t leave out weird things in analysis, insisting only on some calculation based prediction’. That’s what for example chartists do. Everything must be analytical to lots of people, and that is totally wrong often! (How do you think I have been able to make major predictions months ahead of others???)
The trouble with being analytical all the time is that there are times, and this is proven, where chaos enters the picture and everything changes. Chaos is not predictable, by definition. But let’s not digress too much.
I have various metrics I’m using to come to this ‘USD has 2 years left’ proposition. By the way, I am not saying definitively, yet, that the USD only has 2 years left. This is a proposition we are discussing here, not yet a certainty.
What would happen in a USD collapse?
* The US and Western economies will all face insolvency simultaneously, with the US first in line.
* The entire Western industrial/consumer/credit economy will fall apart so fast it will make your head spin. The supply chain will stop and stores will empty in less than 3 days.
* The USD will fall over 50% in one week’s time, till it temporarily stabilizes before its final last gasp. Remember the Lehman panic over those several weeks? You have seen nothing yet.
* Worldwide currency panic will set in paralyzing what’s left of the world economy, that means the ‘emerging markets’ stop dead too.
* China has a revolution, or goes into military mode, which is worse.
* A one world currency will be demanded and implemented, and it better be fast too since the cities only have 3 days food on average…(by the way I know for a fact that a one world currency can be implemented electronically and turned on in one hour, if they wanted!)
And so on. How will Asia fare? Horribly. Look, if you based your entire economic plan on Western consumerism, and that goes away, so does your plan. It’s dead. If Western consumerism goes away, then the entire foundation of the Asia macro economy instantly crashes and stops cold. Do you remember what happened that fateful last quarter of 2008, after the Lehman debacle, and the world banking system almost collapsed en masse? Exports from China and Japan for example collapsed over 30%!
Don’t think economic demand cannot stop on a dime, because we already had one very scary case of this last year.
So, all the pundits aside, Asia gets killed too economically. The big question is, can they successfully adapt to a new economic paradigm before they have their own revolutions? I do not think so.
It will be a dark time worldwide.
There is a lot more to say here. Needless to say that will be in our future newsletters for paid subscribers. If you noticed, we have not been publishing as many public articles, and one reason is that our paid people get a great deal more of this analysis than the public articles offer. Obviously. And we have quite a batch of recent newsletters out, that will most definitely intrigue you. They are my best stuff to date.
Lastly, I would like to point out that we have made some astounding predictions over the last two years about the USD and gold and other currencies. If you stop by our site, we’ll have a page showing you them (up hopefully today). We do not make many predictions like that, maybe 2 or 3 a year. But our last batch was quite on the money… you’ll see when you take a look.
Copyright © 2009 Christopher Laird
Editorial Archive
http://www.financialsense.com/fsu/editorials/laird/2009/1229.html
Devolution of the USD 2012?
As the first public article for me just before 2010, it seems appropriate for me to comment on one of the biggest stories we will be all facing – that is an end game of events leading to the end of the USD. The implications for the world are no less than Armageddon – like. I mean it.
Before we get into some details, I have been working on forecasts for 2010, and my study of the USD situation and how much time it has left.
I first came to the conclusion that it was roughly (and I am getting close here on timing, I’m sure of this) two years from 2010. Actually, the calculation is two more years of relative USD functionality before the world realizes in about a shocking week’s time that the USD is just about to really go belly up. It’s not 5 years out anymore in my calculations, we have roughly two more years left.
Wait, that coincides with 2012!
It then occurred to me, as an afterthought, wait a minute – that takes us right to 2012!…That has some real significance for many reasons. It was an accident my analysis led to that date, I did not ask ‘Will the USD collapse in 2012?’ and then do the analysis, it was the other way around. I did the analysis first and then was impressed that the date actually came to that fateful date all the prophecies are going crazy about – 2012.
I find this coincidence remarkable. I think we all are aware of many economic and political disasters that will unfold if the USD were to actually collapse. The US economy would stop dead for a period of time. And, the rest of the world, hitherto dependent on the old industrial/consumer economic model will have to find a new economic paradigm to plan their economies…
Let me interpret that last paragraph for you – The USD collapse means the entire structure of the world economy will collapse for a period of time, with a collapsed supply chain, among other things. The world will also go through cataclysms politically during that period. That usually leads to massive wars… starvation and mass homelessness – around the world…
If it fits, then it fits.
Gee, that sounds familiar, wait, it’s the same stuff being prophesied in many of the numerous 2012 prophecies of various major religions! Hmm, that is quite the coincidence. The demise of the USD will collapse the entire world economy and lead to collapsed polities, and then a massive world war. Yep, it fits like a glove. And try this on for size- I do not believe in coincidence.
Interesting.
Of course, some people cringe at an analyst such as myself talking about ‘religious bunkum prophecies’ or so it goes. But consider that this analyst is a mathematician and also a former Oracle database systems engineer. I’m not exactly some dreamer. I certainly know the analytical methods…
So, why is Chris saying this stuff then? How can you combine prophecies with analytical methods? Well, for one thing, I have a thinking paradigm where ‘if it works, it must be true, don’t leave out weird things in analysis, insisting only on some calculation based prediction’. That’s what for example chartists do. Everything must be analytical to lots of people, and that is totally wrong often! (How do you think I have been able to make major predictions months ahead of others???)
The trouble with being analytical all the time is that there are times, and this is proven, where chaos enters the picture and everything changes. Chaos is not predictable, by definition. But let’s not digress too much.
I have various metrics I’m using to come to this ‘USD has 2 years left’ proposition. By the way, I am not saying definitively, yet, that the USD only has 2 years left. This is a proposition we are discussing here, not yet a certainty.
What would happen in a USD collapse?
* The US and Western economies will all face insolvency simultaneously, with the US first in line.
* The entire Western industrial/consumer/credit economy will fall apart so fast it will make your head spin. The supply chain will stop and stores will empty in less than 3 days.
* The USD will fall over 50% in one week’s time, till it temporarily stabilizes before its final last gasp. Remember the Lehman panic over those several weeks? You have seen nothing yet.
* Worldwide currency panic will set in paralyzing what’s left of the world economy, that means the ‘emerging markets’ stop dead too.
* China has a revolution, or goes into military mode, which is worse.
* A one world currency will be demanded and implemented, and it better be fast too since the cities only have 3 days food on average…(by the way I know for a fact that a one world currency can be implemented electronically and turned on in one hour, if they wanted!)
And so on. How will Asia fare? Horribly. Look, if you based your entire economic plan on Western consumerism, and that goes away, so does your plan. It’s dead. If Western consumerism goes away, then the entire foundation of the Asia macro economy instantly crashes and stops cold. Do you remember what happened that fateful last quarter of 2008, after the Lehman debacle, and the world banking system almost collapsed en masse? Exports from China and Japan for example collapsed over 30%!
Don’t think economic demand cannot stop on a dime, because we already had one very scary case of this last year.
So, all the pundits aside, Asia gets killed too economically. The big question is, can they successfully adapt to a new economic paradigm before they have their own revolutions? I do not think so.
It will be a dark time worldwide.
There is a lot more to say here. Needless to say that will be in our future newsletters for paid subscribers. If you noticed, we have not been publishing as many public articles, and one reason is that our paid people get a great deal more of this analysis than the public articles offer. Obviously. And we have quite a batch of recent newsletters out, that will most definitely intrigue you. They are my best stuff to date.
Lastly, I would like to point out that we have made some astounding predictions over the last two years about the USD and gold and other currencies. If you stop by our site, we’ll have a page showing you them (up hopefully today). We do not make many predictions like that, maybe 2 or 3 a year. But our last batch was quite on the money… you’ll see when you take a look.
Copyright © 2009 Christopher Laird
Editorial Archive
http://www.financialsense.com/fsu/editorials/laird/2009/1229.html
PHOENIX POST - Response to waiting til 1/4/10
PHOENIX: No Clue...maybe anytime between now and then. BUT there is evidence that we may have everything pushed back until March. Things were to all happen in December but we may have a pushed back go date now. I am still looking for it this weekend. We will just have to wait and see. This stuff is so classified that information that does slip out is sketchy at best.
Dinar Daddy Tidbit: For those of you who I have spoken to, I was told before Christmas that it wouldn't happen until around or after the Iraqi elections because they missed the window they were assigned in Nov/Dec. We'll see soon enough I guess...
Dinar Daddy Tidbit: For those of you who I have spoken to, I was told before Christmas that it wouldn't happen until around or after the Iraqi elections because they missed the window they were assigned in Nov/Dec. We'll see soon enough I guess...
SFMEDIC CHAT - Dinar Speculator
I WANT YOU ALL TO THINK ABOUT SOMETHING MY FRIEND LANACHY TOLD ME YESTERDAY. AS LONG AS THE SECURITY FILES AND THE ECONOMIC FILES WERE BEING NEGOTIATED OR DISCUSSED BETWEEN THE U.S. AND IRAQ
THERE WOULD NOT BE AN ANNOUNCEMENT OF AN RV BY IRAQ. YES THERE WILL BE AN RV. FOR ME ONE THING I PERSONALLY LIKED EVEN THOUGH THE U.S. DOESN'T WANT IT, WAS THAT MALIKI IS RUNNING STILL. EVEN THOUGH I THINK HE HAS BEEN IMPOTENT AS A PRIME MINISTER, HE WILL USE THE RV FOR HIMSELF AND FOR A BOOST IN PUBLIC OPINION, AND RIGHT NOW HE CAN USE ALL THE BOOST HE CAN GET.
NOW FROM I WAS TOLD YESTERDAY IS THAT CBI EMPLOYEES WERE AT WORK TODAY. THERE ARE MANY CLOSED DOOR MEETINGS GOING ON AND THERE IS ALLOT OF SECURITY INSIDE CBI THAT WASN'T THEIR LAST WEEK. NOW THIS COMES FROM AN EMPLOYEE AT CBI THAT I HAVE MENTIONED BEFORE. SHE IS SURPRISED THAT IT HAS NOT BEEN DONE. BUT DOES NOT KNOW WHAT ALL THE CLOSED DOOR MEETINGS ARE ABOUT. SHE DOES BELIEVE FOR SOME REASON THEY WANT TO COME OUT HIGHER. BUT ONLY HER GUESS. SHE HAS NOT SEEN ANY ACTUAL RATE AT CBI ONLY RUMORS WITHIN CBI.
NOW ALSO THERE SEEMS TO BE A LOT OF BACK AND FORTH ACCUSATIONS NOW BETWEEN THE U.S. EMBASSY AND MALIKI'S ADVISORS. THE U.S. WANTS THEM REMOVED BECAUSE OF INFORMATION WE HAVE ON THEM BEING PART OF A LOT OF CORRUPTION. WHAT A SURPRISE! I WILL SAY THIS ME PERSONALLY GIVE IT A 90% CHANCE OF AN RV DURING THE MONTH OF JANUARY AND A 100% CHANCE IN FEBRUARY, NLT THAN THE 1ST WEEK OF FEBRUARY.
NOW I AM GOING TO STILL BE HERE WITH YOU ALL SO WE CAN ALL HANG OUT TILL THE END. EVEN THOUGH THERE IS SOME BS THAT GOES ON. I CAN'T THINK OF A FINER GROUP OF PEOPLE TO SHARE THIS WITH TIL IT IS OVER. NOW THERE IS ALOT OF INTEL THAT STILL POINTS TO A POSSIBLE RV WITHIN THE NEXT 3 DAYS, BUT I JUST GOT THIS ITCH THAT HAS TO BE SCRATCHED THAT THIS SECURITY ISSUE HAS TO BE RESOLVED WITH THE U.S. AND IRAQ, AND SO FAR I DON'T HAVE ANYTHING THAT SAYS THEY FINISHED THE DISCUSSIONS OR NEGOTIATIONS.
NOW ALL THE STUFF ON THE 10 CURRENCIES THAT SUPPOSEDLY RV'D. AS I SAID, I AM MIFFED IF THEY RV'D OR DID THEY JUST INCREASE IN VALUE BECAUSE OF SOME OTHER REASON? NOW REMEMBER THIS, SAUDI ARABIA IS PEGGED AGAINST THE USD, AND THE USD FINISHED YESTERDAY AT A HIGH OF .78 CENTS AGAINST THE EURO. SO THAT ALSO COULD BE THE REASON FOR THEIR INCREASE AND THE OTHER OIL COUNTRIES INCREASE OF .03 - .04 CENTS.
NOW I CAN'T EXPLAIN BAHRAINS JUMP OR KUWAITS HUGE INCREASE, ALSO JORDAN TOOK ALMOST A .10 CENT JUMP. SO HOW MANY INCREASED: JORDAN, EGYPT, OMAN, QUATAR, DUBAI (UAE), KUWAIT, SAUDI ARABIA, TURKEY, AND TWO MORE I CAN'T REMEMBER... BAHRAIN... OK THAT IS 9... HMMM... AND 11 COUNTRIES WERE OR HAVE BEEN ON THE LIST. DID ISRAEL RV OR INCREASE?
OH ONE THING OK ON THE RV OR RI. IT IS NOT AND CANNOT BE AN RI. THERE IS NOTHING TO REINSTATE. REMEMBER KUWAIT DID A REINSTATEMENT ONLY BECAUSE OF SADAAM HAVING STOLEN SO MUCH OF THEIR CURRENCY, AND HE HAD ALL THE SERIAL NUMBERS OF ALL KUWAITS CURRENCY AFTER HE GOT THE BOOT OUT OF KUWAIT BY THE U.S. AND IT'S ALLIES, SO THEY HAD TO REISSUE AND THEN REINSTATE IT. THAT IS ONLY A RUMOR FOR THOSE WHO WANT TO SENSATIONALIZE A 3 PLUS RATE. PLEASE AGAIN I ASK YOU TAKE THE TIME TO READ THE CSIS REPORT I POSTED. IT IS AN EXCELLENT EVALUATION OF THE SITUATION IN IRAQ.
THERE WOULD NOT BE AN ANNOUNCEMENT OF AN RV BY IRAQ. YES THERE WILL BE AN RV. FOR ME ONE THING I PERSONALLY LIKED EVEN THOUGH THE U.S. DOESN'T WANT IT, WAS THAT MALIKI IS RUNNING STILL. EVEN THOUGH I THINK HE HAS BEEN IMPOTENT AS A PRIME MINISTER, HE WILL USE THE RV FOR HIMSELF AND FOR A BOOST IN PUBLIC OPINION, AND RIGHT NOW HE CAN USE ALL THE BOOST HE CAN GET.
NOW FROM I WAS TOLD YESTERDAY IS THAT CBI EMPLOYEES WERE AT WORK TODAY. THERE ARE MANY CLOSED DOOR MEETINGS GOING ON AND THERE IS ALLOT OF SECURITY INSIDE CBI THAT WASN'T THEIR LAST WEEK. NOW THIS COMES FROM AN EMPLOYEE AT CBI THAT I HAVE MENTIONED BEFORE. SHE IS SURPRISED THAT IT HAS NOT BEEN DONE. BUT DOES NOT KNOW WHAT ALL THE CLOSED DOOR MEETINGS ARE ABOUT. SHE DOES BELIEVE FOR SOME REASON THEY WANT TO COME OUT HIGHER. BUT ONLY HER GUESS. SHE HAS NOT SEEN ANY ACTUAL RATE AT CBI ONLY RUMORS WITHIN CBI.
NOW ALSO THERE SEEMS TO BE A LOT OF BACK AND FORTH ACCUSATIONS NOW BETWEEN THE U.S. EMBASSY AND MALIKI'S ADVISORS. THE U.S. WANTS THEM REMOVED BECAUSE OF INFORMATION WE HAVE ON THEM BEING PART OF A LOT OF CORRUPTION. WHAT A SURPRISE! I WILL SAY THIS ME PERSONALLY GIVE IT A 90% CHANCE OF AN RV DURING THE MONTH OF JANUARY AND A 100% CHANCE IN FEBRUARY, NLT THAN THE 1ST WEEK OF FEBRUARY.
NOW I AM GOING TO STILL BE HERE WITH YOU ALL SO WE CAN ALL HANG OUT TILL THE END. EVEN THOUGH THERE IS SOME BS THAT GOES ON. I CAN'T THINK OF A FINER GROUP OF PEOPLE TO SHARE THIS WITH TIL IT IS OVER. NOW THERE IS ALOT OF INTEL THAT STILL POINTS TO A POSSIBLE RV WITHIN THE NEXT 3 DAYS, BUT I JUST GOT THIS ITCH THAT HAS TO BE SCRATCHED THAT THIS SECURITY ISSUE HAS TO BE RESOLVED WITH THE U.S. AND IRAQ, AND SO FAR I DON'T HAVE ANYTHING THAT SAYS THEY FINISHED THE DISCUSSIONS OR NEGOTIATIONS.
NOW ALL THE STUFF ON THE 10 CURRENCIES THAT SUPPOSEDLY RV'D. AS I SAID, I AM MIFFED IF THEY RV'D OR DID THEY JUST INCREASE IN VALUE BECAUSE OF SOME OTHER REASON? NOW REMEMBER THIS, SAUDI ARABIA IS PEGGED AGAINST THE USD, AND THE USD FINISHED YESTERDAY AT A HIGH OF .78 CENTS AGAINST THE EURO. SO THAT ALSO COULD BE THE REASON FOR THEIR INCREASE AND THE OTHER OIL COUNTRIES INCREASE OF .03 - .04 CENTS.
NOW I CAN'T EXPLAIN BAHRAINS JUMP OR KUWAITS HUGE INCREASE, ALSO JORDAN TOOK ALMOST A .10 CENT JUMP. SO HOW MANY INCREASED: JORDAN, EGYPT, OMAN, QUATAR, DUBAI (UAE), KUWAIT, SAUDI ARABIA, TURKEY, AND TWO MORE I CAN'T REMEMBER... BAHRAIN... OK THAT IS 9... HMMM... AND 11 COUNTRIES WERE OR HAVE BEEN ON THE LIST. DID ISRAEL RV OR INCREASE?
OH ONE THING OK ON THE RV OR RI. IT IS NOT AND CANNOT BE AN RI. THERE IS NOTHING TO REINSTATE. REMEMBER KUWAIT DID A REINSTATEMENT ONLY BECAUSE OF SADAAM HAVING STOLEN SO MUCH OF THEIR CURRENCY, AND HE HAD ALL THE SERIAL NUMBERS OF ALL KUWAITS CURRENCY AFTER HE GOT THE BOOT OUT OF KUWAIT BY THE U.S. AND IT'S ALLIES, SO THEY HAD TO REISSUE AND THEN REINSTATE IT. THAT IS ONLY A RUMOR FOR THOSE WHO WANT TO SENSATIONALIZE A 3 PLUS RATE. PLEASE AGAIN I ASK YOU TAKE THE TIME TO READ THE CSIS REPORT I POSTED. IT IS AN EXCELLENT EVALUATION OF THE SITUATION IN IRAQ.
MUST BE A BALANCED BUDGET BEFORE JAN 31, 2010.
Just my tidbit... They can't finish balancing their budget until they complete the RV. Could this tip their hand to us on this crazy investment? Who knows... something to keep in mind.
Talabani: there must be a balance in 2010 before the end of January
31 12 2009 12:34
BAGHDAD (AP) -
Stressed the Kurdistan Alliance MP Alaa Talabani must vote and approve the budget before the end of 2010 constitutional period to allow the House of Representatives legislation and adoption of laws, rejecting deferred to the next Parliament.
She Talabani told Iraq is our home on Thursday that the extension of the constitutional period of the work of the House of Representatives one month was "to establish some laws, including the outstanding balance in 2010" before the end of his constitutional term, which expires on 31 / 1 / 2009 and its entry in the constitutional vacuum.
She reached the House of Representatives and the presence of the Minister of Finance and some of his advisers "to solve some problems of financial disputes between the KRG and the central government within this budget."
Talabani added that the reasons for the delay of the adoption of this budget, "and fears of some of the characters inside the political blocs of the government's exploitation of these funds for personal purposes in electoral propaganda. / / Last update: 31 12 2009 12:44
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://iraq-beituna.net/iba/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D5055:-2010-%26catid%3D15:2009-07-30-05-24-36%26Itemid%3D19&prev=_t&rurl=translate.google.com
Talabani: there must be a balance in 2010 before the end of January
31 12 2009 12:34
BAGHDAD (AP) -
Stressed the Kurdistan Alliance MP Alaa Talabani must vote and approve the budget before the end of 2010 constitutional period to allow the House of Representatives legislation and adoption of laws, rejecting deferred to the next Parliament.
She Talabani told Iraq is our home on Thursday that the extension of the constitutional period of the work of the House of Representatives one month was "to establish some laws, including the outstanding balance in 2010" before the end of his constitutional term, which expires on 31 / 1 / 2009 and its entry in the constitutional vacuum.
She reached the House of Representatives and the presence of the Minister of Finance and some of his advisers "to solve some problems of financial disputes between the KRG and the central government within this budget."
Talabani added that the reasons for the delay of the adoption of this budget, "and fears of some of the characters inside the political blocs of the government's exploitation of these funds for personal purposes in electoral propaganda. / / Last update: 31 12 2009 12:44
http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://iraq-beituna.net/iba/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D5055:-2010-%26catid%3D15:2009-07-30-05-24-36%26Itemid%3D19&prev=_t&rurl=translate.google.com
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