Don't WAIT!

Saturday, May 2, 2015

Bits and Pieces in Dinarland Late Fri.PM/ Early Sat.AM

Early Saturday Morning:

TNT:

OK Rocks: Remember on Wed cc it was said a 5 day window... On friday CC it was said the same window is still in place...  

BSquared:  ok: Got the Windex out so it will look nice when we slam that sucker wide open.

JCNoble:  OKROCKS we are in day 3 until noon PDT then day 4

Iko Ward : Be prepared for this to happen in a way we did not expect. I believe it is here because of the way the banks are behaving, but it may take a few days or even a few weeks to roll out. Banks don't do anything unless their asses a covered five ways to Sunday. Just how it is.
....
Iko Ward : BJ's (Blackjack7) experience is a perfect example. His banker thought it was done. He lined up his client and was very straightforward about it, only come to find out when it was time to execute that all was not quite done. Also found out maybe he jumped the gun a little, which is why he came out to the house. It's all still great news.

Rrrr:  It’s RV Groundhog Day starts out so slow and up so deep. Hopium builds throughout the day. By bed time, I’m too excited to sleep. This Journey’s been so long as I repeat the same day, but I learned how to ice sculpt and the piano I can now play… I saved many a life… tried to help those in strife. My soul’s grown so much in waiting for that “Next Day”. Me thinks it was planned, from above, just this way… But.. Now it IS THE Next Day, and it’s our time to be paid!

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KTFA:

6 gto Z ....been following your gobbly gook for some time now. I've always have said your smarter than the average Turkey.. I also agree when they open the budget they all knew what had to be done.

The punch list.. Now with the statement Delta put out last night might have ruffled some feathers, I don't know about turkey feathers But 4-6 weeks from now is along time many bad things could happen. Uncle S could even have one of those " Its the big one moments" heart attack.

 Delta did not say it would not rv for 4-6 weeks but that was the way it sounded when I read that statement. I kinda like the way you have been putting things as already started weeks months earlier. I also remember hearing once we see it in print its probably already done.

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Zochowski:
  MORNING "66GTO" AND YOU ARE CORRECT, 4 TO 6 WEEKS HAS BEEN STARTED EARLIER, IMO, NOT NOW.........

AND AS "AGGIEDAD77" ALSO STATED IRAQ HAS BEEN WORKING ON THIS FOR AWHILE...........

HOWEVER, IRAQ WAS NEVER ABLE TO COMPLETE THAT "PUNCHLIST" THAT NEEDED TO BE COMPLETE UNTIL PROBLY JUST RECENTLY......

THEY WERE ABLE TO FINISH SOME BULLET POINTS, BUT NOT ALL......

MAYBE ONE OF THE KEY POINTS WAS, PASSING A BUDGET..........G/B M/Z
Late Friday Night:

Stage3Alpha:


OMEGA MAN  May 1, 2015 Iraq has RV'd in country...announcement should be Sunday or before...

R.V./ GCR:  May 1, 2015 Watch the CBI seperate from the GOI on monday......can you say Remittence after that......Timbers

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TNT:

elmerf123456 :  The Flame is turning into Fire..hint....major banking contracts of support signed and sealed. Private meeting going on in Parliment. Rest is up to Tony. (to tell) Hint: Germany, Great Brittan, Netherlands, Japan and of course US global investing partners has signed deals and will surface in a blink.

elmerf123456 : That's all I'm saying right now. This is Tony's house. I'm just a humble servant.

elmerf123456 : Here means here and is far better than near, so don't live in fear when you hear the word here! (many thanks given)

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KTFA:


Backdoc:  A LITTLE WHILE BACK I MENTIONED THAT THE IMF LOAN WAS LIKLEY A BIG PART OF INCREASING THEIR CREDIT RATING AND TONIGHT, BINGO!!!!

RIGHT IN OUR FACE THEY ADMIT JUST THAT!! WELL SLAP!!

IF THAT JUST DOESNT BEAT ALL!!!

TO HAVE THE 1% MEANS THEY INCREASED THIS RATING I SUSPECT TO AAA.    HEEE HEEEE. DOC  IMO

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ThunderHawk
:Abadi adviser for the world: interest loan «IMF» not exceeding 1% and payment .. 5 years

Baghdad Samir Mohammed
says Dr. appearance of Mohammed Saleh, an economic advisor to Prime Minister Haider al-Abadi said the benefit of the IMF loan, which will be launched in two phases be the first "funding rapidly" with 88 million dinars, and unconditionally "not exceeding 1 percent," While between be repaid will be over 5 years, pointed to spend it on facets of life different pertaining to "Education, education, health and file displaced."

Observers indicated that the Fund will monitor the disbursement of the loan, "including in the interest of the country," according to the obligations and conditions set by the Fund, but economists drew that lending to Iraq indicates Fund trust the Iraqi economy.
The parliamentary Finance Committee revealed the approval of the International Monetary Fund to lend Iraq $ 5 billion.

The government is working on several measures to meet the shortfall in the budget law for the current year, amounting to up to $ 25 billion, among those measures the trend towards external borrowing, in addition to internal borrowing from the Central Bank and the Rafidain and Rasheed.

Saleh said in a statement to "the world", that "the subject of borrowing approved in the General Budget 2015 law to meet the Agr winning them," explaining that this loan will be launched in two phases; the first , in an emergency, and the second includes completed this year, noting that "the duration will be repaid over 5 years, interest rate does not exceed 1 percent." "The first phase of the loan, which are up to 88 million dinars, called means accelerating the funding, and those free of conditions, the Fund established by the borrowing countries", pointing out that they might be used to counter fluctuations in the balance of the Iraqi payments following the decline in oil prices.

He said, The second phase will be in accordance with the Convention on the standby credit, which was signed by Iraq with the Fund earlier; they require of Iraq's implementation of some of the important procedures established by the Fund.

and between that "the government will spend the loan within the priorities in health, education and displaced sectors."

It is said that Iraq has signed with International Monetary Fund in 2010 to prepare the credit agreement, which included the latter to provide a loan of Mali to support economic development activities and private investment budget in Iraq, while requiring Iraq to take some measures related to administrative reform.

For his part, said spokesman Abdul-Hadi, an analyst of economic affairs, in a comment "the world", that to get a loan from the International Monetary Fund "calls from Iraq commitment of some reformist conditions set by the Fund", pointing out that they "are often developmental conditions in the interest of the Iraqi economy."

He added that the Fund also intervenes in exchange trends the loan in accordance with the obligations that are placed between Iraq and the Fund, saying the latter that "puts a priority how to return the loan and financial capacity of the borrower; the granting Iraq a loan of this size indicates Fund trust of the Iraqi economy."

He pointed out that "The Fund seeks through these loans support the development process of the member states; it must be that the Iraqi government adopts a solution the problems experienced by the long-term the most important out of such rentier oil-based economy through the revitalization of other sectors, in addition to the establishment of a sovereign fund to address the crisis and the adoption of restructuring the Iraqi economy. "

required Fund IMF in the event of lending to member states to adopt financial management reform; the most important to be there is a constant and unified exchange rate, in addition to strengthening banking supervision activities with the audit of the Central Bank accounts of the external auditor twice a year.

The MP for the Parliamentary Finance Committee Haider Masood said Tuesday approval The International Monetary Fund on Iraq's request Baqradh amount worth five billion dollars as part of the response to the financial crisis experienced by the country.

Haider said that Iraq has the right to apply to the International Fund request in accordance with the Law of the budget financial loan, pointing out that the government presented its request and received Fund and procedures approval left to the Ministry of Finance and the IMF on the extradition of the amount.

It is said that Iraq in IMF member since 1945, and therefore of the objectives of the Fund is to international financial stability, the Fund shall exercise his duties and his work in the event of the member states have been shaken as a result of the fall in world oil prices.

In turn, confirmed Member of the Committee of Economy and Investment parliamentary Najiba Najib, yesterday, that the loan obtained by Iraq from the International Monetary Fund is not enough to fill the state budget deficit, which is estimated at 25% trillion Iraqi, pointing out that "just plug the current obligations in the State of salaries and other enough, as well as War requirements against terrorist Daash. "

She added that oil production well and exported, but prices are not at the required level, meet the needs of the budget deficit, an expected increase in oil prices at the end of the current year.

The Ministry of Finance went to ask for borrowing from the International Monetary Fund to cope with the cash crisis caused by the war on terror Daash and lower oil prices to cover employees' salaries.

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