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Monday, April 20, 2015

Millionday Monday Roundtable Part 2

Millionday Roundtable 4/20/15  Part 2

Welcome to dinarupdates.com for Roundtable with Millionday!!

Josie: All of these meetings going coupled with the Iraqi Finance Minister Zebari in Washington DC at the State Department today "for consults on supporting Iraq's economy" (Iraq seems to be everyones priority now and most definitely the USA's!)

Millionday: I AGREE THAT THEY ARE CERTAINLY IN THE SPOT LIGHT ----

slh5282: Can you expand on the reforms please

Millionday: THEY MEAN ALL REFORMS --- ECONOMIC, ADMIN, POLITICAL -- ALL THE COUNTRY REFORMS THEY HAVE WORKED ON THE ENTIRE TIME -- THE ENTIRE GOV PROGRAM AND STRATEGIC PLANS –

 THE REFORMS ARE INCLUSIVE OF ALL -- HOWEVER THIS WEEKEND -- HAS BEEN ALL ABOUT ECONOMIC

Millionday: WHEN THIS MUCH CHANGE OCCURS --- IT IS AN EVENT THAT IMPACTS SO MUCH AND THIS IS A PACKAGE DEAL BY ALL WE HAVE SEEN --- ALL THE REFORMS RELY ON EACH OTHER AND SUPPORT EACH OTHER TO BE SUCCESSFUL --
~~~
allinxpress: ty.. you said this last night : cjquade54: For them to borrow from SDR they will need to peg to the SDR basket of currencies YES?

Millionday: NO THEY WILL NOT HAVE TO BY WHAT I HAVE BEEN ABLE TO FIND SO FAR AND I HAVE BEEN LOOKING -- I HOPE TO HAVE SOMETHING IN ANOTHER REPORT THAT MAY STATE MORE ON THIS

allinxpress: However, a few weeks ago a report came out saying the IQD would be included in the SDR.. do you remember that?

Millionday: THEY STATED BY WHAT I READ IN THE FUTURE -- NOT AS PART OF THEIR REFORMS BUT YES

allinxpress: ok, yea cuz IMO that meant no float, reality rate and stability.

Millionday: I DO NOT AGREE -- I SEE THAT AS NO PART OF THE MONETARY POLICY BUT DO SEE IT AS CONFIDENCE IN THE FUTURE IN ITS VALUE HELD

Millionday: MAKE SENSE?

allinxpress: Not from what I have read but we can agree to disagree

Millionday: THEY WOULD NOT ADD A CURRENCY THAT IS NOT INTERNATIONALLY RECOGNIZED WHEN THE SDR IS A BASKET OF CURRENCIES THAT PRODUCES A RATE TOGETHER IN ITSELF

AND THIS RATE WOULD BE IMPACTED BY THE INCLUSION OF THE DINAR ---

MANY CURRENCIES ARE PAIRED TO THE SDR SO THAT RATE WOULD BE IMPACTED AND THE GLOBAL FINANCIAL ECONOMY WOULD BE A MESS

allinxpress: so you think the dinar remains pegged to the USD?

allinxpress: or will remain pegged upon international release?

Millionday: UNTIL --- IT IS A POSITIVE -----IMPACT ----- IT WOULD NOT BE DONE

allinxpress: Thats what i mean, when they go intl it will be pegged to the SDR

Millionday: IT APPEARS TO BE PAIRED TO THE US DOLLAR AND IF THAT CHANGES IT WOULD HAVE TO CHANGE WHEN IT IMPACTS CURRENCIES POSITIVELY --- NOT WIPE THEM OUT AND LOSE THEIR VALUE

Millionday: AS A GOAL

Millionday: NOT AS A FEAR EVERYONE SHOULD HAVE

Millionday: THEY ARE NOT WORTH THE PAPER THEY ARE PRINTED ON

Millionday: LOL

Millionday: SEE WHAT I MEAN MY FRIEND ?

allinxpress Millionday: ok ty

Millionday: IT APPEARS THOUGH THROUGH WHAT I HAVE BEEN READING THAT SOME HUGE CHANGES ARE BEING WORKED ON WITH THE SDR AND THE RESERVE CURRENCIES

allinxpress Millionday: i agree, my thinking is that when they go international, they will depeg from the USD and peg to the SDR basket which includes the USD for strength and stability... at least that what the article implies

Millionday: I HAVE RUN ACROSS MANY DIFFERENT REPORTS TALKING ABOUT MEETINGS ABOUT INCLUDING A FEW MORE COUNTIRES IN ITS CALCULATION

allinxpress Millionday: otherwise it makes no sense to have the IQD rate shifting on a daily basis in huge swings

Millionday: HUGE SWINGS ?

allinxpress Millionday: well if they put it out at a low rate, some people believe it wont stay low for long.

allinxpress Millionday: be like selling a porsche for the price of a ford pinto

Millionday: SUPPLY AND DEMAND WILL BE APPLIED TO THEIR CURRENCY AFTER THE GLOBAL PRICING INDEX CALCULATION IS APPLIED ----

Millionday: MEANING THE DINAR AND ALL OF THEIR PRODUCTS WILL BE PART OF THE GLOBAL ECONOMY WHEN THEY ARE SENT TO THE MARKET ECONOMY ALL OF THESE STEPS HAVE BEEN MADE FOR THAT GOAL

allinxpress Millionday: correct also meaning they have to have the reality rate for their products.

Millionday: HERE WE GO WITH PARLIAMENT

Millionday: House of Representatives began meeting on Monday to read the seven laws, including the fight against drugs and the law of investment.

A parliamentary source (newspaper integrity) that "the meeting was held under the chairmanship of a member of the Presidency of the Council of Representatives, Sheikh Hamoudi.

Millionday: NOTE -- IT IS VERY STRANGE TO HAVE INK STATING THEY ARE TAKING BIDS ACCORDING TO AND WITH THE AMENDED INVESTMENT LAW ON THE PORT OF FAW CONSTRUCTION ----

AND AT THE SAME TIME -- THEY HAVE COMPLETED THE INVESTMENT LAW PACKAGE 2ND READING

Papatom: i agree....strange....but it shows we get some news a few days late...right?

Papatom: smirkey smile

Millionday: And includes the agenda of the meeting to discuss committee of civil society organizations report on the work of the Commission and the second reading of the bill abolishing the dissolved Revolutionary Command numbered 116 Council resolutions of 2002 Act, 11 of 2003 and 94 for 2002

and 40 for the year 2002 and the second reading of the draft accession of the Republic of Iraq to eliminate protocol Law on the illicit trade in tobacco Supplement products on the WHO Framework Convention regarding tobacco control

Millionday: the second reading of the draft accession of the Republic of Iraq to the International Convention on the Law on Road Traffic of 1968 and the European Agreement supplementing her for the year 2006

and the second reading of the draft law amending the certification of signatures on the documents and the Iraqi and foreign documents Act No. (52) of 1970 and the second reading of the draft law of the Second Amendment to the Investment Law No. (13) for the year 2006 ".

Millionday: NOTE -- IT CLEARLY STATES THAT TODAY THEY MET AND COMPLETED THE SECOND AMENDMENT TO THE INVESTMENT LAW FOR 2006 –

 SO MAYBE THE FIRST AMENDMENT WAS DONE AND IS WHAT IS BEING APPLIED FOR THE BIDS FOR THE PORT OF FAW ---

Millionday: It also includes the second reading of the bill the establishment of private health institutions Federal second reading of the draft anti-drug and Psychotropic Substances Act, noting that "the meeting begins at eleven am" .
Millionday: I FIND THAT SO INTERESTING THAT THE FIRST INVESTMENT LAW AMENDMENT ALLOWS IRAQI BIDS TO BE MADE IN THE COUNTRY --- MAKES YOU WONDER WHAT THE SECOND AMENDMENT IS IN THE LAW --

Millionday: I WILL BE LOOKING

Millionday: THIS THE LAST NEWS ON THE HCL BEFORE THEY WENT TO A SECRET MEETING AND THIS MORNINGS PARLIAMENT MEETING

Millionday: The decision of the Commission on oil and energy parliamentary Kawa Mohammed, the Commission and by the Presidency of the Council of Representatives sent a formal request to the government on sending oil and gas law for the legislation in the current legislative term.

Millionday: He Mohammed said in a statement seen by the (newspaper integrity) that "the Commission addressed a formal letter from the prime minister during the presidency of the Council of Representatives to expedite sending the oil and gas law to move legitimizes during the current legislative, and develop solutions to the problems of oil in the country.

Millionday: NOTE -- THE COMMISSION IS ASKING FOR THE COUNCIL OF REPS TO HURRY AND SEND THE LAW --

allinxpress Millionday: So Abadi is telling them to hurry up??? that is AWESOME

Millionday: NOTE -- REMEMBER THIS IS AFTER THE ECONOMIC EXPERTS HAVE STATED DUE TO THE RAISE IN OIL PRICE --- IRAQ HAS A GREAT OPPORTUNITY TO MOVE TO THE GLOBAL MARKET RIGHT NOW – 

MEANING THE ISX -- THIS WOULD REQUIRE ALL PRICING TO BE DONE AND THEY WOULD ALSO WANT THE HCL COMPLETE

Millionday: He explained that "a committee of the Council of Ministers would consider a draft oil and gas law and agreed upon to be sent to the House of Representatives and the completion of legal proceedings for the legislation," pointing out that "what is published in some of the media, that the House of Representatives laggard in the legislation of the oil and gas law is incorrect, It is awaiting the arrival of the official version of the government.

Millionday: NOTE -- PARLIAMENT IS AWAITING THE OFFICIAL VERSION ----

Millionday: And provided a close political agreement between participating in the government blocks on the government's commitment to political blocs within the established limits, to consolidate the foundations of national unity and transmit the spirit of civil peace to move forward with a project of national reconciliation, and complete the requirements for a law of amnesty, and the referral of the law of accountability and justice to the judiciary, as well as the oil law Gas Act parties.

Millionday: NOW LETS LOOK AT JUST THIS PART

Millionday: THIS IS SUCH A RUSH AND IMPACTS SO MANY LAWS AND THE ENTIRE NATIONAL RECONCILIATION INCLUDED THAT THEY ACTUALLY PROVIDED A POLITICAL AGREEMENT ----

rudie: THAT'S A WHOOOPOW!!!!

Millionday: YES IT IS

Millionday: WHOOPOW

Millionday: --- SO AS WE SEE TODAY --- PARLIAMENT HAS MET -- WITH THE REPORT OUT THAT THEY ARE NOW GOING TO WAIT 6 DAYS --- I EXPECT THAT THEY ARE HAVING CLOSED DOOR MEETINGS

Millionday: THE ONE COMMON DENOMINATOR WE HAVE NOT SEEN BEFORE IS THE INCLUSION OF ACTIVATION OF REFORMS IN SO MANY REPORTS, PLANS, MEETINGS,AND STATEMENTS

Millionday: THANK YOU RUDIE AND ALL THAT HELPED -- SEE EVERYONE TONIGHT AT NEWSTIME

Millionday: WE WILL LOOK AT MORE FROM THE MEETINGS TODAY

Millionday: HAVE A GREAT DAY

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