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"Retaining" - Fri. PM KTFA Thoughts, News w/ Frank26 12/14/18

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"Retaining" - Fri. PM KTFA Thoughts, News w/ Frank26 12/14/18

Post by Ssmith on Sat Dec 15, 2018 10:35 am

KTFA

Don961 » December 14th, 2018


dropping 3 zeroes .....

trillions >>> billions ...........

billions >>> millions ...........

imo

Walkingstick » December 14th, 2018

Yep....12---->9---->6--->3. Retaining original value

Samson » December 14th, 2018

Moody’s gives Iraq stable credit rating


14th December, 2018

The government of Iraq has been given a Caa1 stable rating in the annual credit analysis by rating agency Moody’s.

The rating reflects the “significant institutional and political challenges” and the deterioration of the government’s fiscal position over the past five years, states the Moody’s report.

The rating agency does concede that Iraq is making slow progress on a structural reform agenda which includes an ongoing IMF programme and the development of new public institutions designed to make its public finances sustainable.

It also highlights the relatively large size of Iraq’s economy, its substantial natural resources and high growth potential.

But the task of diversifying its economy remains a challenge for Iraq because of infrastructure weaknesses such as an inefficient banking system, unstable electricity supply, skilled labour shortage and lax anti-corruption controls. A further decline in its sovereign rating, stated Moody’s, would reflect a rise in default rates or a further sharp increase in domestic political tension that disrupts oil production and the government’s ability to service its debt. LINK

Greece to become hub for Iran transit to Europe LINK

Cleitus » December 14th, 2018

Is this a case where the tail is wagging the dog? If you recall Greece was heavily in debt and could not repay the EU. Troika, under the EU, forced Greece to sell many assets to repayment the EU (German banks). One such asset was Greece's Port of Piraeus..., Greece's largest and busiest port. It was sold to the Chinese government that now has control of all three piers and about to build a fourth one.

Piraeus IS China's maritime Silk Road to Europe. Much trade from the east into the EU passes through Piraeus, so I pose the question. If Iran is under sanctions would the MoU go any further? And if so, who stands to benefit..., Greece or China? IMO, I say China ..., but, stay tuned! Is there a "deal" in the making?

Samson » December 14th, 2018

US investors keen on Zimbabwe LINK

Frank26 » December 14th, 2018

WALKINGSTICK AND I HAD A LONG CONVERSATION ABOUT THE ZIM LAST NIGHT. FASCINATING TALK.

BTW ........... YOU DID NOTICE MY BROKER AND I STOPPED SELLING THIS ZIM A YEAR AGO.......RIGHT?

TELL YOU OF THIS MORE ............... ON M CC.


Iggy » December 14th, 2018

let us not forget that Steven Mnuchin just spoke to iraq last month congratulating them and assuring them of US cooperation...this month Trump appoints him to the capital gains opportunity program...

DinarDewkatski » December 14th, 2018

Im New to this, however reading and listening helps alot. Frank says: they are telling us what they are doing just listen. If IMF stands for International Monetary Fund, don't they to have rules? They just can't let a country go proxy and cover for someone? i would not think internationally they could, yet i could be wrong.

However If Houbousi lines everything up yesterday and takes it to Madi, then at any point they could be seated and this would be inclined to let the IMF move all projects forward correct?

One would only GUESS or IMO, that after Tuesday all could be IMF ready and at a moments notice they could go BOOM we pulled the trigger?

After all that has been written by the media there, it has 1 thing in common, Its all positive. It talks nothing but great things for this country. Its lining up like the planets for an Astronomer. I’m new as you can see by my post, however listening to all of you bright family enlightens me. It can bring REAL time events with common sense and patience. Thank you to all! GOD BLESS!

Ty1 » December 14th, 2018

I went back and have done some digging looking at that Iraqi budget for 2018. Lets keep the budget in just dinars for a moment to not confuse. Again, I do not have the answer here but would love to get input and thoughts.

The 2018 IRAQI budget was 104 Trillion Dinars

The Payment to Kurdistan in December is 317 Billion Dinars

If this payment is regular monthly payment that would equal an annual sum of 3.8 Trillion Dinars

This would mean that the Kurds Share of the budget is 3.65%

Something does not quite add up...The Kurds were upset that they were only 12.65% vs.the 17% they thought they deserved?

Is there a rate hidden in here to get to 12.65%...? If we just take the divided values into 12.65% it would be $3.47? If we looked at the divided values in 17% it would be $4.66

I may be going down the. wrong rabbit hole here and my only strength is in dealing with the numbers they give us and logically trying to assess. Just some bullets for us to bat around.
Kind regards...

2Cents » December 14th, 2018

Hey Ty1.....Great analysis and certainly interesting numbers.....It certainly does make one wonder when and how they remit/remitted the other approx 9.4 Trillion IQD.....

The bottom line, IMO the accounts in Iraq will have to be near 0 balance.....Remember, Oil is sold for USD, the budget is the law that authorizes conversion to IQD upon requests made by the MOF........therefore, Iraq's monies sit in USD at the CBI until this process occurs........

Ty1 » December 14th, 2018

2 Cents another great observation...Frank has eluded to the fact that the dinar has been kept weak during a time of corruption and theft and it has still managed to appreciate. The corruption and theft are now being stopped so perhaps now is the time to raise the value. As Iraq gets much of these stolen funds back and Iraq has swapped a lot of currency as of late one could relate that the IQD will also be viewed as an asset for Central Banks. IMO Iraq could then talk about their reserves in terms of USD and IQD? I agree with your thoughts that accounts have to be zeroed...Time will tell I guess!!! Praying our time is NOW!!!

Samson » December 14th, 2018

Report on the joints of the "deep state" in Iraq: an introduction to the exclusion of al-Maliki from the political scene


14th December, 2018

An Iraqi newspaper said on Friday that "the Shiite cleric Moqtada al-Sadr," leading "an organized campaign to liquidate the influence of the leader of a coalition of law Nuri al-Maliki, who served as prime minister two consecutive cycles between 2006 and 2014, in the facilities of the state," referring to the prevalence of the term " Deep state "in Iraqi political circles.

The newspaper "Al Arab" reported today (December 14, 2018), "Nas", in which he said that Sadr was keen on "Maliki's coalition does not get any ministry in the government of Prime Minister Adel Abdul Mahdi until now, despite achieving 25 parliamentary seats During the general elections last May. "

"The leader of the Sadrist movement is in a position to dismantle the influence of his arch-rival Maliki, especially as the Dawa Party is no longer in the forefront, and has lost its influence on the government because of the conflict between its wings; the first represented by Maliki, and the second led by former Prime Minister Haidar Abadi. "

The newspaper says that "the political team of the Sadr," succeeded on Wednesday, "to overthrow Maliki's governor of Baghdad from office, and the installation of a governor loyal to the Sadrists. Sadr is also working to deprive the Maliki coalition of getting the post of governor of Basra, Iraq's economic capital, where the conflict is raging. "

"Sadr told his ally in the reform coalition, Ammar al-Hakim, that he is ready to support any candidate he proposes for the post of governor of Basra, noting that" Sadr agreed with Hakim to prevent Maliki's coalition to reach the post of governor in Baghdad and Basra. " "The reform coalition can now provide the necessary majority in the Basra provincial council to pass a candidate for Hakim to the post of governor," she said.

Maliki, who stepped down as prime minister more than four years ago, remains strong in some Iraqi state institutions, the paper said.

According to the newspaper, Maliki, appointed during his mandate between 2006 and 2014, "thousands of employees loyal to him in the high and middle grades in various ministries and institutions and government departments," and says that the term "deep state", common in the political circles, "in reference to members of the Dawa Party Pro-Maliki, who control the pillars of the government and its vital joints, even after stepping down from office."

The newspaper says that Sadr is "pressing" Ali Abdul Mahdi to "liquidate this influence in one of his most prominent demands in the formation of the government," adding that leaders of the reform alliance, which is sponsored by Sadr, warn that "the deep state loyal to Maliki, can thwart the government of Abdul Mahdi as I tried with the government of Abbadi and succeeded in some joints."

The newspaper quoted observers that they do not rule out "that this campaign to liquidate the influence of al-Maliki is the introduction of political exclusion and may be referred to the judiciary. LINK

Don961 » December 14th, 2018

Sadr dismantles Maliki's influence in ministries and provinces


- 16 Hours Ago

BAGHDAD - Shiite cleric Moqtada al-Sadr is leading an organized campaign to oust the leader of a coalition of state law, Nuri al-Maliki, who served as prime minister for two consecutive terms between 2006 and 2014 in state facilities.

Sadr's keenness that Maliki's coalition will not get any ministry in the government of Prime Minister Adel Abdul-Mahdi until now, despite achieving 25 parliamentary seats during the general elections in May.

Observers say that the leader of the Sadrist movement is in a position to dismantle the influence of his arch-rival Maliki, especially as the Dawa Party is no longer in the forefront, has lost its influence on the government because of the conflict between the wings; the first represented by Maliki, and the second led by former Prime Minister Haider Abadi.

On Wednesday, Sadr's political team succeeded in ousting Maliki's governor from Baghdad and installing a pro-Sadr governor. Sadr is also depriving Maliki's coalition of the governor of Basra, Iraq's economic capital, where the conflict is raging.

Political sources told the "Arabs" that "Sadr told his ally in the reform alliance, Ammar al-Hakim, that he is ready to support any candidate proposed for the post of governor of Basra."

The current governor of Basra, Asaad al-Eidani, one of the candidates of the list of former Prime Minister Haider Abadi during the May elections, but broke away after winning a parliamentary seat and joined the alliance building close to Iran, which includes Maliki's coalition and the Badr Organization led by Hadi al-Amiri and Asaab Ahl al-Haq led by Qais Khazali.

The sources said that "Sadr agreed with Hakim to prevent Maliki's coalition to reach the post of governor in Baghdad and Basra," explaining that "the reform coalition can now provide the required majority in the Basra provincial council, to pass a candidate for Hakim to the post of governor."

Hakim strongly supported the delivery of Sadr's candidate to the post of governor of Baghdad, after Maliki's coalition tried to block the vote on Wednesday.

The sources said that al-Sadr stipulated that Abdul-Mahdi, in support of the post of prime minister, to implement some demands for the full waiver of the maturity of the Sadrist bloc in his ministerial cabinet, and granting him the freedom to choose ministers, including the removal of a number of officers loyal to Maliki for sensitive positions in the Ministries of Defense and Interior. This decision was indeed one of the first actions carried out by the Prime Minister after taking office.

Although he stepped down as prime minister more than four years ago, Maliki's influence remains strong in some Iraqi state institutions.

Maliki's career has seen the installation of thousands of employees loyal to him in high and intermediate grades in various ministries, institutions and government departments.

The term "deep state" is commonly used in political circles, referring to members of the Dawa party who support Maliki, who control the pillars of the government and its vital joints, even after stepping down.

Sadr is pressing Abdul Mahdi to liquidate this influence in one of his most prominent demands in forming a government.

Leaders of Sadr's reformist alliance warn that the "deep state" loyal to al-Maliki could thwart Abdul Mahdi's government as it tried with the Abbadi government and succeeded in some of the joints.

Maliki is no longer at the political level, Iran's most important ally in Iraq, after the brightness of the star Hadi al-Amiri, led by the Fatah Alliance, the second Shiite political force, after the Sadrist bloc, in the Iraqi parliament.

Observers say that "Maliki, will not enjoy the level of Iranian support, which was obtained previously, in the presence of other Iraqi parties, can meet the Iranian desires in Iraq."

Observers do not rule out that this campaign to eliminate the influence of al-Maliki is the introduction of political exclusion and may be referred to the judiciary.

Among the actions that Maliki may worry a lot, and dragged him to justice, the Iraqi parliament approved the formation of a committee to investigate the events of the fall of the city of Mosul in 2014.

Political circles speculate that this committee may lead to the conviction of al-Maliki, who was prime minister that year, and issued strange orders to withdraw military units in front of the advance elements of an organization calling for the city of Mosul, the summer of 2014.

Iraqi politicians say the appointment of Osama al-Nujaifi, a veteran politician from Mosul and stubborn opponent of al-Maliki, to head this investigative committee was "no accident."
The Arabs link
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Re: "Retaining" - Fri. PM KTFA Thoughts, News w/ Frank26 12/14/18

Post by Ethel Biscuit on Sun Dec 16, 2018 7:22 am

Ty1 wrote:...my only strength is in dealing with the numbers they give us and logically trying to assess.

Believe me: that's not even your only strength.

Ty1 wrote:Frank has eluded to the fact...

No he hasn't. He "alluded" to it. Note the spelling. To "allude" to something is to refer to it.

To "elude" something is to avoid it. Two completely different words. You are a moron.

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