RV SOON?

by **TLF** Wed May 08, 2013 9:07 pm

Hey Guys, I never post long opinion pieces but this one caught my attention on CURRENCY CHATTER ...Plus I never read long opinion pieces, may be I should ! <<<>>>TLFForum Home > General Discussion & Announcement Posts > Bondlady Tarriffs!!!

RV SOON? ?siteId=50222317&memberId=86049370&size=small&859931

wes101

Member
Posts: 262

BLC Administrator Lightingcslt Chat
5/8/2013

[lightingcslt] ok all I have been thinking again and boy did the light
bulb go off again last night

[lightingcslt] I want to bring something in give me a second

[lightingcslt] The parliament session in the presence of 175 deputies
07-05-2013 12:24 PM Baghdad (news) .. The session was held twenty to the
House of Representatives in the presence of 175 deputies. said reporter
Agency (news): The agenda of the meeting includes a vote on the health
of the membership of Thamer Ibrahim Zahir and vote on a draft law
amending the Social Welfare Act, and vote on the draft law on accession
of the Republic of Iraq to the Convention on the Arab Organization for
information and communication technology, and the first reading of the
draft law amending the Penal Code. added: that the agenda of the meeting
also includes the first reading of the draft law on the first amendment
to the law of the Supreme National Commission for Accountability and
Justice No. 10 of 2008, and the first reading of the draft law amending
the Penal Code No. 111 of 1969, and reading first bill seizure and
confiscation of movable and immovable property belonging to the pillars
of the former regime. will also be the second reading of the draft
Labour Code and the second reading of the proposed law first amendment
to the law of service and retirement of Internal Security Forces, and
the second reading of the draft law second amendment to the tariff law http://www.ikhnews.com/index.php?page=article&id=84001

[lightingcslt] now I want you all to look at the last paragraph of that
article "will also be the second reading of the draft Labour Code and
the second reading of the proposed law first amendment to the law of
service and retirement of Internal Security Forces, and the second
reading of the draft law second amendment to the tariff law"

[lightingcslt] look the second reading of the tariff law. You know what
that means ? That means its read again then put into law which I believe
will be tommorow. Folks that is huge for us ! What does tariffs mean to
you all ? Tariffs mean taxes will be put on all importing and exporting
goods which means what ? Money and lots of it ! Now when they take
place what you think is going to happen next ? The price of goods are
gonna go up which in turn brings what ? INFLATION, right ?

[lightingcslt] So now we have tariffs in place and I firmly beleive the
reason they didn't get into the WTO is because they didn't have taxes on
their goods but now that they will have them don't you think the World
Trade Organization is going to look at them as a world trade country ?
Yes of course they are. So, in my mind the WTO is going to let them join
into the organization

[lightingcslt] Now I bring this in because there is going to be a
problem for the CBI. First thing is they have been keeping inflation in
check for quite sometime now but when these tariffs take effect the
price of goods housing and everything is going to go up which once again
is going to raise the inflation percentage. Also the CBI is going to
have another problem. In order for Iraq to join the WTO they also need
an international tradeable currency . Well if the WTO is going to let
them in that means the heat is gonna be put on the CBI to make THE DINAR
a real currency to be tradeable and exchangeable throughout the world.

[lightingcslt] To me all this is awesome news, things are getting done
one at a time. You see we have had many times hearing great news just to
be let down again . Well there is not going to be anymore let downs
from here on out. Too late for Iraq to turn back now and with HCL oil
and gas being put into one law there is no turning back ! Get ready all ,
this roller coaster ride is about to stop for good !

[tlm724] lightingcslt thank you awesome chat once again !!

[mathews99] lightingcslt ty very much !!!

[beekeeper] lighters very good thank you

[Shunshine] Wonderful job tyvm lightingcslt

[marjans] lightingcslt ty great chat

[dinardoe] great...nice job lightingcslt, you know, we all read that and
missed the important points you showed us tyvm

[campdav] lightingcslt Great stuff *slap* hi fives around the board

[lightingcslt] hey there is much more coming, all these last few days in
the news has been nothing but positive things that I will bring to you
all when I digest them thank you all.
Lights ou

by **Terbo56** Wed May 08, 2013 9:20 pm

That IS HUGE, TLF, and 'WOW"!! Now we maybe getting somewhere- Thanks for that, good news we need to hear! RV SOON? 2834342768

by **Jayzze** Wed May 08, 2013 11:01 pm

question for tlf since ku just extened iraqs payments to end of 2015 they will not get out of cap 7 does tis effect the rv?

by **Kevind53** Thu May 09, 2013 8:01 am

IMO Chapt 7 has little, if anything, to do with the timing of a potential RV. Most of the economic sanctions are long gone, and the payments to Kuwait are on autopilot. Chapter 7 is a UN resolution, imposed by the UNSC, so to imply that Kuwait is holding Iraq there is pretty much guru speak.

My contention all along has been we will see this when Iraq is good and darn ready. It is their button to push, and they will do it when the time is right for them.

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