Saturday, January 9, 2010
A NEW DIPLOMATIC PLAN TO RID IRAQ OF CHAPTER VII
ة A new diplomatic plan to rid Iraq of Chapter VII
BAGHDAD - morning
. We hope to begin an official delegation to visit the United States soon, in an effort to activate the demands of Iraq for the internationalization of terrorism file and retribution from those involved in recent criminal operations.
This information comes simultaneously with the development of the Ministry of Foreign Affairs a new plan to complete the procedures of money out of Iraq's Chapter VII.
A member of the Security and Defense Committee in the House of Representatives Hassan Sinead, the "morning": that the government planned to send an official delegation to the United States to move the file, the internationalization of terrorism and urged officials in the United Nations and the Security Council to expedite the establishment of the International Tribunal for the punishment of the culprits who belong to the Alliance of Saddam's Baath takfiri and in Syria.
Sunaid revealed the receipt of government and parliament on the positive signals in this regard a report prepared by UN special envoy Taranco Oscar Fernandez, noting that Iraq is seeking to close this file before the legislative elections to ensure non-interference of regional actors to influence the political process.
A Western diplomatic source had earlier revealed in the "morning" for the UN special envoy bombings Wednesday and Sunday Aldamyin to deliver important information to the UN Secretary-General Ban Ki-moon confirmed the existence of a regional intervention in the Iraqi issue.
In another file, a source in the Foreign Relations Committee in parliament, said Iraq would take new diplomatic steps to complete the procedures of money out of Chapter VII.
The source said the "morning": that the government will follow several steps such as the audit conducted by the UN Security Council during the period coming on the situation in Iraq, noting that the Ministry of Foreign Affairs and developed an integrated plan review of decisions relating to international sanctions on Iraq and ways to exit the country from international sanctions. He said the ministry's plan concerning the liberation of Iraq from the provisions of Chapter VII and decisions on the situation between Iraq and Kuwait and the decisions of disarmament and destruction of weapons of mass destruction , alluding to the existence of other measures will be adopted is to increase diplomatic activity on various countries and to ensure the permanent members vote for Iraq, with the strengthening of the rule of law and security in the country, in addition to the emphasis on non-threatening neighboring countries, as well as seeking to fulfill the international obligations and commitments. in turn, confirmed An official in theMinistry of Foreign Affairs for the "morning" The ministry is continuing its efforts on removing Iraq from Chapter VII and to seek a UN resolution to support the country in its war against terrorism.
http://translate.google.com/translat...ate.google.com
U.S. SOON TO ACTIVATE THE FILE, THE INTERNATIONALIZATION OF TERRORIST CRIMES
A new diplomatic plan to rid Iraq of Chapter VII
BAGHDAD - morning
We hope to begin an official delegation to visit the United States soon, in an effort to activate the demands of Iraq for the internationalization of terrorism file and retribution from those involved in recent criminal operations.
This information comes simultaneously with the development of the Ministry of Foreign Affairs a new plan to complete the procedures of money out of Iraq's Chapter VII. scratch A member of the Security and Defense Committee in the House of Representatives Hassan Sinead, the "morning": that the government planned to send an official delegation to the United States to move the file, the internationalization of terrorism and urged officials in the United Nations and the Security Council to expedite the establishment of the International Tribunal for the punishment of the culprits who belong to the Alliance of Saddam's Baath takfiri and in Syria. Sunaid revealed the receipt of government and parliament on the positive signals in this regard a report prepared by UN special envoy Taranco Oscar Fernandez, noting that Iraq is seeking to close this file before the legislative elections to ensure non-interference of regional actors to influence the political process.
A Western diplomatic source had earlier revealed in the "morning" for the UN special envoy bombings Wednesday and Sunday Aldamyin to deliver important information to the UN Secretary-General Ban Ki-moon confirmed the existence of a regional intervention in the Iraqi issue. In another file, a source in the Foreign Relations Committee in parliament, said Iraq would take new diplomatic steps to complete the procedures of money out of Chapter VII. The source said the "morning": that the government will follow several steps such as the audit conducted by the UN Security Council during the period coming on the situation in Iraq, noting that the Ministry of Foreign Affairs and developed an integrated plan review of decisions relating to international sanctions on Iraq and ways to exit the country from international sanctions. He said the ministry's plan concerning the liberation of Iraq from the provisions of Chapter VII and decisions on the situation between Iraq and Kuwait and the decisions of disarmament and destruction of weapons of mass destruction , alluding to the existence of other measures will be adopted is to increase diplomatic activity on various countries and to ensure the permanent members vote for Iraq, with the strengthening of the rule of law and security in the country, in addition to the emphasis on non-threatening neighboring countries, as well as seeking to fulfill the international obligations and commitments. in turn, confirmed An official in the Ministry of Foreign Affairs for the "morning" The ministry is continuing its efforts on removing Iraq from Chapter VII and to seek a UN resolution to support the country in its war against terrorism. scratch scratch
http://www.google.com/translate?u=http%3A%2F%2Fwww.alsabaah.com%2F&langpair=ar|en&hl=en&ie=UTF8
THE U.S. PRESIDENT WITHOUT A COUNTRY
The President Without A Country
By Pat Boone
"We're no longer a Christian nation." - President Barack Obama, June 2007
" America has been arrogant." - President Barack Obama
"After 9/11, America didn't always live up to her ideals."- President Barack Obama
"You might say that America is a Muslim nation."- President Barack Obama, Egypt 2009
Thinking about these and other statements made by the man who wears the title of president. I keep wondering what country he believes he's president of.
In one of my very favorite stories, Edward Everett Hale's "The Man without a Country," a young Army lieutenant named Philip Nolan stands condemned for treason during the Revolutionary War, having come under the influence of Aaron Burr. When the judge asks him if he wishes to say anything before sentence is passed, young Nolan defiantly exclaims, "Damn the United States ! I wish I might never hear of the United States again!"
The stunned silence in the courtroom is palpable, pulsing. After a long pause, the judge soberly says to the angry lieutenant: "You have just pronounced your own sentence. You will never hear of the United States again... I sentence you to spend the rest of your life at sea, on one or another of this country's naval vessels - under strict orders that no one will ever speak to you again about the country you have just cursed."
And so it was. Philip Nolan was taken away and spent the next 40 years at sea, never hearing anything but an occasional slip of the tongue about America. The last few pages of the story, recounting Nolan's dying hours in his small stateroom - now turned into a shrine to the country he fore swore - never fail to bring me to tears. And I find my own love for this dream, this miracle called America , refreshed and renewed. I know how blessed and unique we are.
But reading and hearing the audacious, shocking statements of the man who was recently elected our president - a young black man living the impossible dream of millions of young Americans, past and present, black and white - I want to ask him, "Just what country do you think you're president of?"
You surely can't be referring to the United States of America , can you? America is emphatically a Christian nation, and has been from its inception! Seventy percent of her citizens identify themselves as Christian. The Declaration of Independence and our Constitution were framed, written and ratified by Christians. It's because this was, and is, a nation built on and guided by Judeo-Christian biblical principles that you, sir, have had the inestimable privilege of being elected her president..
You studied law at Harvard, didn't you, sir? You taught constitutional law in Chicago ? Did you not ever read the statement of John Jay, the first Chief Justice of the Supreme Court and an author of the landmark "Federalist Papers": "Providence has given to our people the choice of their rulers - and it is the duty, as well as the privilege and interest of our Christian nation - to select and prefer Christians for their rulers"?
In your studies, you surely must have read the decision of the Supreme Court in 1892: "Our lives and our institutions must necessarily be based upon and embody the teachings of the Redeemer of mankind. It is impossible that it should be otherwise; and in this sense and to this extent our civilization and our institutions are emphatically Christian."
Did your professors have you skip over all the high-court decisions right up till the mid 1900's that echoed and reinforced these views and intentions? Did you pick up the history of American jurisprudence only in 1947, when for the first time a phrase coined by Thomas Jefferson about a "wall of separation between church and state" was used to deny some specific religious expression - contrary to Jefferson's intent with that statement?
Or, wait a minute . were your ideas about America's Christianity formed during the 20 years you were a member of the Trinity United Church of Christ under your pastor, Jeremiah Wright? Is that where you got the idea that " America is no longer a Christian nation"? Is this where you, even as you came to call yourself a Christian, formed the belief that " America has been arrogant"?
Even if that's the understandable explanation of your damning of your country and accusing the whole nation (not just a few military officials trying their best to keep more Americans from being murdered by jihadists) of "not always living up to her ideals," how did you come up with the ridiculous, alarming notion that we might be "considered a Muslim nation"?
Is it because there are some 2 million or more Muslims living here, trying to be good Americans? Out of a current population of over 300 million, 70 percent of whom are Christians? Does that make us, by any rational definition, a "Muslim nation"?
Why are we not, then, a "Chinese nation"? A "Korean nation"? Even a "Vietnamese nation"? There are even more of these distinct groups in America than Muslims. And if the distinction you're trying to make is a religious one, why is America not "a Jewish nation"? There's actually a case to be made for the latter, because our Constitution - and the success of our Revolution and founding - owe a deep debt to our Jewish brothers.
Have you stopped to think what an actual Muslim America would be like? Have you ever really spent much time in Iran ? Even in Egypt ? You, having been instructed in Islam as a kid at a Muslim school in Indonesia and saying you still love the call to evening prayers, can surely picture our nation founded on the Quran, not the Judeo-Christian Bible, and living under Shariah law. Can't you? You do recall Muhammad's directives [Surah 9:5,73] to "break the cross" and "kill the infidel"?
It seems increasingly and painfully obvious that you are more influenced by your upbringing and questionable education than most suspected. If you consider yourself the president of a people who are "no longer Christian," who have "failed to live up to our ideals," who "have been arrogant," and might even be "considered Muslim" - you are president of a country most Americans don't recognize.
Could it be you are a president without a country?
PHOENIX POST - Gold Rush
[12:04] Phoenix3333: but someone has too
[12:06] Phoenix3333: just look back over the past few days
[12:07] Phoenix3333: do not forget where we have been
[12:07] Phoenix3333: all information from the past few days weeks and months still is in effect
[12:08] Phoenix3333: people have this issue of wanting to know what the hold up is
[12:08] Phoenix3333: who says there IS a hold up?
[12:08] Phoenix3333: as far as we know everything is right on time
[12:08] Phoenix3333: just like with a launch sometimes they stop for a moment of time to correct something
[12:09] Phoenix3333: but it resumes from where it was stopped
[12:09] Phoenix3333: nothing starts over....it all just moves closer and closer
[12:09] Phoenix3333: the major problem has been the Iraq Blinders
[12:09] Phoenix3333: everyone just looks at Iraq
[12:10] Phoenix3333: yes iraq is very important to all of this
[12:10] Phoenix3333: but this is a global issue
[12:10] Phoenix3333: all of the ERM talk
[12:11] Phoenix3333: this is nothing new and has been disclosed in great depth in the past
[12:11] Phoenix3333: in documents from the IMF and UN
[12:11] Phoenix3333: but no one at the time gave it any thought
[12:12] Phoenix3333: this is nothing more than standard practice of the IMF and has been re tooled this past year with more enforcment of same
[12:12] Phoenix3333: but it is all good
[12:12] Phoenix3333: yes that is important
[12:12] Phoenix3333: today is a big day but tomorrow is HUGE!
[12:13] Phoenix3333: wana know why?????????????
[12:13] Phoenix3333: I will tell you something here that you will not hear on any forum
[12:13] Phoenix3333: or any chat
[12:13] Phoenix3333: and no....I do not have a link
[12:14] Phoenix3333: and no there is nothing I can post to "prove it"
[12:14] Phoenix3333: Tomorrow the 10th of January 2010 is a date that was preset years ago
[12:15] Phoenix3333: this was set up by the IMF and the ICI in coordination with the World Bank and UN
[12:16] Phoenix3333: That date tomorrow January 10th 2010 is the day the the artificial program rate for the Iraqi Dinar expires
[12:17] Phoenix3333: the only verification we will get that this is still correct
[12:17] Phoenix3333: because keep in mind this could have been changed
[12:17] Phoenix3333: but I do not think so
[12:17] Phoenix3333: is the RV
[12:18] Brabus: Wow.. Now, they could have done it before now, but they have just taken it to the last day and letting it expire?
[12:18] Phoenix3333: thats right
[12:18] Phoenix3333: just like Iraq
[12:18] Phoenix3333: wait until the clock runs out
[12:18] Phoenix3333: that being the case
[12:19] Phoenix3333: the fixed exchange rate for the dinar as per the program will expire in about 40 min from now
[12:19] Phoenix3333: OR
[12:19] Phoenix3333: maybe tomorrow?
[12:20] Phoenix3333: we will just have to see
[12:20] Phoenix3333: so maybe ON the 10th?
[12:20] Phoenix3333: or at the END of the 10th?
DINAR DADDY TIDBIT
I'm hearing Monday/Tuesday from certain conversations I've had recently with those more connected than me. Let's hope the information is right. It does seem to match what is being written and alluded to in various chats/posts from different forums. Also, assuming the posts about the ERM (Electronic Rate Mechanism) are accurate, then this information would match that as well, and would trigger and RV. As usual... we wait... :)
XXXXXXX CHAT - 1/9/10 @ 4:30AM EST
OK HERE IS THINGS IN A NUTSHELL... ALL I KNOW IS THAT WE ARE WAITING FOR SOMETHING IMMINENT TO HAPPEN. I AM NERVOUS
QUESTION:
Nervous in a good way?
ANSWER/COMMENTS:
YES AND NO... BECAUSE I AM EXCITED VERY MUCH ABOUT ALL THE INFORMATION THAT WAS POSTED IN THE GAZETTE. FIRST THAT IF THE BUDGET IS A NO GO, THEN THEY WILL GO TO AN EXCHANGE RATE MECHANISM TO COVER THE LACK OF A BUDGET, AND THEY STATE WITHIN THE WEEK. NOW WHEN WAS THAT POSTED? TUES OR WED. SO WE ARE ON THE CLOCK. NOW ALSO THE FACT THAT THEY ALSO LET OUT THERE IS NOT GOING TO BE A BUDGET UNTIL NEXT MONTH. I TOLD YOU ALL THAT IT IS IMMINENT. NOW IF WE PAY ATTENTION TO FIRST BIT OF INFO, THEN WE ARE FIRST LOOKING FOR THE RV TONIGHT, AND THEN ON.
I AM TAKING SONNY'S INFO TO ME SERIOUSLY, AND I AM TAKING MY INFO SERIOUSLY, AND THE INFO THAT HAS BEEN RELEASED TO THE PUBLIC. I DO NOT WANT AN ANSWER TO THIS... DO NOT MAKE ONE RESPONSE... DO NOT IM ANYONE ABOUT IT. DO NOT YELL OUT A RESPONSE... RIDDLE ME THIS... A WEE LEPRECHAUN GUARDS HIS POT O GOLD AT THE BASE OF THE... ? THANK YOU! THAT IS MY BEDTIME STORY.
SONNY'S GOOD FRIEND IS A RETIRED PROFESSOR OF ECONOMICS WITH A PHD IN MIDDLE EASTERN REGION
HE HAS MANY FRIENDS IN DUBAI WHO ARE ALSO ECONOMISTS. THEY ARE ALL INVESTED TOGETHER. THEY WERE TOLD TO LOOK THIS WEEKEND FOR THE RV.
I AM JUST GOING ON THE ARTICLE IN THE GAZETTE. NOW I SEE THAT THEY ARE TRYING TOMORROW OR MONDAY TO PASS THE BUDGET, BUT WILL THEY HAVE A QUORUM? WHO KNOWS? ONLY 30 MEMBERS OF PARLIAMENT OUT OF 275 HAVE NOT VIOLATED THE CONSTITUTION BY MISSING 10 OR MORE VOTING SESSIONS.
IT IS STILL THE SAME I BELIEVE. BETWEEN NOW AND THE LAST WEEK OF JANUARY. I DON'T THINK IT CAN REACH FEBRUARY. THIS DATE THAT POPS UP, OF THE NEW EXCHANGE RATE FOR 2010 THAT THEY ARE COMPLAINING IS NOT USED FOR THE BUDGET. IT IS NOT THE PAYMENT THAT TRIGGERS THE RV. IT IS THE DISTRIBUTION OF THE LOAN (DFI Funds from IMF). THERE IS A 30 DAY MANDATE FOR IMF MEMBERS THAT STATES THAT STIPS HAVE TO BE IN PLACE 30 DAYS PRIOR, AND DO YOU THINK THE IMF TRUSTS A HANDSHAKE BY ANYONE IN THE GOI?
REMEMBER SHABIBI WORKED THIS IMF LOAN OUT, AND SHABIBI WAS WITH THE IMF, WB AND THE UN
AS THEIR CHIEF ECONOMIST UNTIL HE RETIRED, AND THEN CAME TO IRAQ. HE HADN'T LIVED IN IRAQ I BELIEVE SINCE THE EARLY 60'S.
QUESTION:
Am I right that he now has the RV in his hands?
ANSWER:
YES... NO POLITICIAN WANTED THE RESPONSIBILITY. IF IT FAILS, THEN THEY CAN BLAME SHABIBI. IF IT IS A SUCCESS, THEN THEY ALL CAN JUMP ON THE BANDWAGON.
QUESTION:
How does it fail?
ANSWER/COMMENTS:
BY RV'ING TOO HIGH... MISHANDLING THE ECONOMY, AS THEY ARE NOW. TOO MUCH LIQUIDITY CAN CAUSE HYPERINFLATION. SO FAR THE PARLIAMENT HAS NOT DONE ANYTHING TO HELP THE IRAQI PEOPLE. I DON'T EXPECT THEM TO UNLESS IT IMPROVES THEIR BANK ACCOUNTS. WHAT IS GOING ON RIGHT NOW IS A FARCE. ALL OF A SUDDEN THEY ARE PASSING BILLS SAYING THEY WANT TO HELP THE PEOPLE. THIS MAKES U.S. POLITICS LOOK LIKE WE ARE SQUEAKY CLEAN, ALL CLAIMING THAT OUTSIDE MONEY IS CONTROLLING THE OUTCOME. HECK THEY HAVEN'T EVEN STARTED POLITICKING YET. HOW ARE OUTSIDE SOURCES TURNING THE TIDE ALREADY? SEE THEY ARE UNDERESTIMATING THE COMMON SENSE OF THE IRAQI. THE LAST STREET POLL SHOWED HOW THE IRAQI ON THE STREET FEEL ABOUT PARLIAMENT, THAT THEY MADE SURE THEY WERE TAKEN CARE OF BY PASSING LEGISLATION FOR 5 1/2 YRS. THEY ONLY WORKED 3 DAYS A WEEK. THEN TALIBANI SAID 4 DAYS, AND IF YOU DON'T SHOW, YOU DON'T GET PAID. BUT THEY DON'T ENFORCE THE LAWS AGAINST THE UPPER CLASS.
QUESTION:
Can we then say that Iraqi politics in the future looks bleak?
ANSWER/COMMENTS:
NO I DON'T THINK IT LOOKS BLEAK. THIS IS JUST THE KICKING AND SCREAMING BY THOSE WHO KNOW THEIR JOBS ARE ENDING. THE U.S. WILL NOT ALLOW CORRUPT ELECTIONS. THIS IS NOT IRAN. THE U.S. IS WATCHING VERY INTENTLY, AND WILL MAKE SURE ALONG WITH THE U.N. THAT ALL IS FAIR. REMOVING HUSSEIN DESTABILIZED THE REGION. NOW WE HAVE TO PUT THAT BACK IN PLACE. IF YOU READ THE ARTICLES FROM YESTERDAY, I SAID THAT THE US WAS NEGOTIATING THE SECURITY FILES AND THE ECONOMIC FILES IN TWO MAJOR ARTICLES WE MENTIONED IN THE ASSISTANCE OF INTELLIGENCE AND TRAINING FOR SECURITY AND ALSO THE ECONOMIC FILES UNDER NEW MONIES AND THE USA. THAT IS WHY THE BUDGET WAS HELD UP.
QUESTION:
So, if they are afraid to pull the RV and come out too high, doesn't the Exchange Rate Mechanism help with that?
ANSWER/COMMENTS:
YES IT DOES. THERE ARE TWO TYPES OF ERM'S (Exchange Rate Mechanism): ERM I AND ERM II. ERM I WAS USED FROM 1979 TO 1999, AND THEN A REVISED ONE ERM II HAS BEEN IN PLACE SINCE 1999. IN EUROPE WHEN THEY CAME OUT WITH THE EURO. THE EXCHANGE RATE MECHANISM HAS ONLY BEEN USED IN EUROPE.
MOCHASMOM COMMENT/POST (One Dinar):
Appears Asia also used an ERM. Come on XXXXX, do your homework!
http://www.apfc.nccu.edu.tw/asiandollarfolder/A%20Roadmap%20for%20the%20Asian%20Exchange%20Rate%20Mechanism%20A%20Common%20Currency%20Approach.pdf
TINTNIT POST - Dinar Vets
look at Iraq's oil contracts. read real Iraq news headlines (available online).
This is what i know: budget not passed, Maliki handed over rv doc's to CBI Thursday, ERM set for Monday.
1+2= RV in my book. don't worry about chats who's saying what when or where. all the intel is available to you.
everything is falling into place, and has been for awhile but when you look at everything that needs to be done for it to happen it couldn't of happened last week, last month or last year.
In my opinion, only 2 things left till it can RV. Take whatever you may from this post or bash it i dont care, but please do research your investment. I personally think ERM + RV within the next ten days. As for honest RV amount when you look at Iraq's current capabilities, I would say anywhere between $1.30 and $2.60, depending if they will account for 2010 capabilities. Thanks for reading.
WATERMELON: Delay Approving the Budget

Bar News | 09/01/2010
Baghdad / Orr News
Spokesman-based MP Jamal al-melon "Failure to pass the budget and behind a lot of reasons, including fear of hiring authorities and influential public funds in the campaigns preceding the elections.""The major political players have agreed to seek to delay the budget until the final week of the election date so that there is no room for manipulation of the money in advertising."
And discusses the Iraqi parliament on a number of laws including the Law on voting behavior and going forward, after reaching a consensus by the heads of blocs to pass important laws in a single package.
http://translate.googleusercontent.com/translate_c?hl=en&u=http://www.uragency.net/index.php%3Faa%3Dnews%26id22%3D3924&prev=/language_tools&rurl=translate.google.com&twu=1&usg=ALkJrhgswEoF4Hex7bBxx0W1SI0ATNW82w
Friday, January 8, 2010
BEN FULFORD - MAJOR HAPPY CHANGES POSSIBLY THIS WEEK/MONTH
January 5, 2010
Two blue moons in a row,one New Year’s Eve in the West and one on New Year’s day in the East.
On December 21st 2009, a group of shamans held a ceremony by a lake in the Philippines. Whatever the case, there was heavy rain and thick cloud cover as the group headed to the lake for a ceremony to mark a change in how Western civilization behaves. When we arrived at the lake suddenly an area of blue sky appeared immediately above us. All around there was still heavy cloud cover and rain. However, directly over our heads, in the middle of the circle of blue sky there was a new moon. Then on New Year’s Eve, the world experienced an unheralded but precious event, a blue moon on New Year’s eve in the West and a second blue moon on New Year’s Day in Asia. A blue moon means a second full moon in one month. A full moon on New Year’s Eve happens only once in every two decades or so. Two blue moons in a row at the turn of the decade and the year has probably not happened for centuries or longer. Thus, although I have been trained in science and skepticism, I believe we have had a very auspicious beginning to 2010, the Year of the Tiger.
Furthermore, multiple reliable sources both in Asia and the West are reporting major happy changes happening soon, possibly this week or this month. We are more hopeful than we have been in a long time but, we will believe it when we see it.
http://www.welcomethelight.com/2010/01/fulford-major-happy-changes-possibly-this-week/
DINAR DADDY'S TIDBIT: He is the son of a former Parliament Member in Canada. His dad was best friends with David Rockefeller's father. He is a self-purported child from an Illuminati Family. Do you think he may know something about the IQD RV? Hmmm... I've heard and read some of his stuff, and he has always been very negative about the U.S., and the world economic crisis. Why the change in attitude? Ya just never know...
UPCOMING CONFERENCES, EVENTS, & FINANCIAL MEETINGS FOR JAN. 2010 - From KelleyBlog

DINAR DADDY TIDBIT:
I grabbed this off of the link below. The kelley blog is a fantastic source for news articles that surround our investment. The credit is 100% her's for sure! Thank you Kelley for your efforts for all to read.
http://articlesofinterest-kelley.blogspot.com/2009/01/upcoming-conferences-events-and.html
MARCH 16 -17 2010 - UNITED NATIONS "THE MONTERREY CONSENSUS AND DOHA DECLARATION"
(March 24 Launch) Asian Financial Safety Net Will Help Protect Korea, Neighbors
Older Articles From Nov. Dec. 2009 and Jan. 2010
Links to all of November 2009 Meetings and Events ...
LINKS TO DECEMBER 2009 MEETINGS AND EVENTS
Links ~ Past January 2010 Meetings etc ...THE SO-CALLED "CENTRAL BANKS' CENTRAL BANK" HAS SUMMONED A NUMBER OF PRIVATE SECTOR BANK CHIEFS TO BASEL THIS WEEKEND

Bankers are back to the excessive risk taking that brought on the financial crisis. That, at least, is the fear of the Bank for International Settlements. The so-called “central banks’ central bank” has summoned a number of private sector bank chiefs to Basel this weekend to rap their knuckles about the return of “aggressive behaviour that prevailed during the pre-crisis period”. Given that the BIS was one of the few official organisations to warn of the credit crisis way back when, its latest admonition is worrying. Yet, at the same time, the BIS wants to have its cake and eat it.
Central banks want private bankers to take more risk. They want them to lend, even if credit demand is weak. More generally, they want to see funds flow out of cash and into the real economy. That, after all, is the point of near-zero interest rate policies and quantitative easing. The result has been a colossal and lucrative carry trade, with both welcome and unwanted consequences.
The supply of cheap funding has created useful demand for government bonds, just as fiscal deficits are rising. It has also helped banks rebuild their balance sheets. It may even have led to an incremental increase in the supply of credit. But being able to borrow at zero in the US and lend at, say, 9 per cent plus in Brazil has unleashed a possibly dangerous surge of hot money into emerging markets. Back home, it has also produced embarrassingly large profits at banks that weathered the crisis well, such as Goldman Sachs.
It is well-nigh impossible to separate desirable risk-taking from undesirable until either interest rates rise, or new bank regulations such as higher capital requirements are in place. In the meantime, the banks will make hay.
Top banks invited to Basel risk talks
January 6 2010 23:30
The Bank for International Settlements will gather top central bankers and financiers for a meeting in Basel this weekend amid rising concern about a resurgence of the “excessive risk-taking” that sparked the financial crisis.
In its invitation, the BIS cited concerns that “financial firms are returning to the aggressive behaviour that prevailed during the pre-crisis period”.
The BIS, known as the central banks’ bank, outlined in a restricted note to participants some specific proposals that it believes could create a healthier financial system. Those proposals including lowering return-on-equity targets for the banks as a way to discourage such risk taking
The meeting comes at a moment of intense uncertainty, with the global economy’s tentative recovery shadowed by “the overhang of private-sector debt and rapidly rising public debt”, and high unemployment.
“The concern here is that the prolonged assurance of very cheap and ample funding may encourage excessive risk-taking,” the BIS invitation note says.
“For example, low financing costs coupled with a steep yield curve may make participants vulnerable to future increases in policy rates – a situation reminiscent of the 1994 bond market turbulence which followed the Federal Reserve’s exit from a prolonged period of low policy rates.”
The note also expresses concern about deteriorating public finances and warned that doubt about fiscal prudence “could seriously disrupt bond markets if it triggered concerns about creditworthiness or inflation because of concerns with government incentives to inflate debt away.”
Among the charts included with the note is one indicating the cost of credit insurance against sovereign defaults.
In the past, the BIS has invited the top chiefs of private-sector banks to such gatherings in Basel on a yearly basis. But such meetings have been more frequent recently.
“These meetings are an attempt to bring a real world perspective to the deliberations of the wise men of the world,” one Federal Reserve official said. Central bankers “want to get a sense of what the markets are reacting to.”
MALIKI STILL INTERESTED IN SECOND TERM
January 8, 2010 - 03:37:47
BAGHDAD

“The Prime Minister did not talk to any media outlet about this issue,” al-Maliki’s office said in a release received by Aswat al-Iraq news agency.
It said that “such rumors attempt to affect the public for electoral purposes”.
MH (P)/AmR
Print version
MPs HOLDING UP BUDGET LAW TO EMBARASS MALIKI
Conscious / books, a political analyst, told the Iraqi news media
30/12/2009 12:58 pm
Will the Adoption of the Law of the Budget in the new maze of discussions and disputes in the parliament? Will some blocks will be held and Marqlatha and provision for their own benefit and discusses the Law of Adoption of the budget? Yes ..
First Reading of this law produced the discounts are not easy and obstacles inevitably a new stand in the path of the law is passed and it will enter into a heated debate between the political blocs that were found each and every one of them cause ALOTTI in order to prevent the wheel, which must acknowledge him to be the fact that the budget is the prime mover in all the activities of the State, as well as the adoption is one of the key factors, to take the political process and reach the right track towards building a healthy This Maojdnah present at the interview of Iraqi Prime Minister Nuri al-Maliki, who refused to link the adoption of the budget approval of the Electoral Code of Conduct is one of the claims asserted by political blocs before the adoption of the budget.
We do not want to move away in this topic to warn the Ministries of Finance and membranes of the Council of Representatives of the late approval of the general budget for 2010 and stressed the two ministries to expedite the passage of the budget because it would negatively affect projects in all ministries.
And explain to an official at the Ministry of Finance confirming that the ministry has suffered in the past two years the problem of delay in approving the budget, and that the budget in those years, recognizes in the third month and that the Ministry needs to have three months to distribute the powers of disbursement, which means to start paying the operational budget of the Ministry in the sixth month, and the supervisor to read what impacts on plans State which had taken two years for implementation, while the delay comes the adoption of the budget to undermine all that effort, planning and follow-up may well ask who is responsible for that?.
It is certainly the political blocs are trying to block the adoption of the budget and that an outright accusation that it was considering its own interests and does not care for the interests of the people, but they pay because embarrass the parliament in his last days because Aigr budget 'In that risks and fears of unreasonable That the political Aieiha with that title and participated in the process It bears the political responsibility of any constitutional, legal and moral to the people who put them in responsibility.
What is required of the main political blocs in parliament to facilitate the process of approving the budget and no complexity, and that Atjbr some provinces to re-allocations within the budget because of time constraints.
Says that all be present to Parliament in second reading of the Adoption of the budget law, and if there were objective and clear the proposals of non-target complex to serve the Iraqi people must Tnafsh sleek high lead to the adoption of the budget.
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