Don't WAIT!

Sunday, July 26, 2015

OOTW & News Discussion 7-26-15  Part 2 of 2

Post From Wealthwatch.world Chat Room 7-26-16

OOTW & News Discussion Part 2 of 2

OOTW: THE LAW I'M REFERRING TO IS THE NATIONAL COMPANIES ACT

OOTW: PLEASE HAVE A LOOK AT THE LINK - WE'RE FINALLY SEEING PROGRESS REGARDING LAWS...THIS THIRD READING PASSED THIS JULY...NOW WE AWAIT THE UPLOAD TO THE GAZETTE

OOTW: HERE ARE SOME OF MY COMMENTS FROM THE THREAD: HOWEVER, I IMPLORE YOU TO READ THE THREAD, IT'S IMPORTANT IMHO

OOTW: SO, WHAT THE INITIAL / HEADER-ARTICLE IS SAYING, IS THAT THIS EXISTING OR "OLD" LAW FROM 1989, NEEDS TO BE UPDATED TO INCORPORATE NEWER REGULATIONS FOR "OUTSIDE OF IRAQ" OR INTERNATIONAL COMPANIES TO PERFORM BUSINESS IN THE PRIVATE SECTOR – 
~~~
YOU WILL SEE ABOVE, I POSTED THE "OUTLINE" OF THIS NEWLY PASSED AMENDMENT FOR THIS LAW FROM THE PARLIAMENT SITE...

UNTIL THIS PASSED AMENDMENT IS UPLOADED - APPENDED INTO THE EXISTING LAW, WE WILL NOT BE ABLE TO SEE, WHAT, IF ANY, ADDRESSING OF THESE REQUIREMENTS ARE MET...WE WAIT.

BUT....AN AMENDMENT HAS BEEN PASSED, AND AS THE VERBIAGE IN THE OUTLINE FOR THIS AMENDMENT STATES, IT'S INTENDED FOR INTERNATIONAL AND INTER-ARAB COUNTRIES.

HOPING THIS AMENDMENT IS WHAT THE ARTICLE STATES IS NEEDED. WE'LL SEE. AND....WE'LL SEE IF THIS ARTICLE IS TRUE OR NOT, OR IS JUST ANOTHER "PRESS OPINION". I FEEL VERY GOOD ABOUT THIS.

 Donnie: SWEET " Third, the company's right to participate with the Iraqi, Arab and foreign companies sober for the implementation of the objectives of the relevant company within Iraq "

OOTW: EXACTLY DONNIE AND TY SO VERY MUCH

OOTW: RECAPS PLEASE USE THIS ONE..LOL

OOTW: SO, WHAT THE INITIAL / HEADER-ARTICLE IS SAYING, IS THAT THIS EXISTING OR "OLD" LAW FROM 1989, NEEDS TO BE UPDATED TO INCORPORATE NEWER REGULATIONS FOR "OUTSIDE OF IRAQ" OR INTERNATIONAL COMPANIES TO PERFORM BUSINESS IN IRAQ'S PRIVATE SECTOR –

YOU WILL SEE ABOVE, I POSTED THE "OUTLINE" OF THIS NEWLY PASSED AMENDMENT FOR THIS LAW FROM THE PARLIAMENT SITE...

UNTIL THIS PASSED AMENDMENT IS UPLOADED - APPENDED INTO THE EXISTING LAW, WE WILL NOT BE ABLE TO SEE, WHAT, IF ANY, ADDRESSING OF THESE REQUIREMENTS ARE MET...WE WAIT.

BUT....AN AMENDMENT HAS BEEN PASSED, AND AS THE VERBIAGE IN THE OUTLINE FOR THIS AMENDMENT STATES, IT'S INTENDED TO REGULATE INTERNATIONAL AND INTER-ARAB COMPANY'S BUSINESS DEALINGS IN IRAQ - THE AMENDMENT HAS BEEN PASSED.

HOPING THIS AMENDMENT IS WHAT THE ARTICLE STATES IS NEEDED. WE'LL SEE. AND....WE'LL SEE IF THIS ARTICLE IS TRUE OR NOT, OR IS JUST ANOTHER "PRESS OPINION".

WE NEEDED TO SEE THIS TO LEND FURTHER LEGISLATIVE SUPPORT TO COMPANIES DOING BUSINESS IN IRAQ...WONDERFUL NEWS. I FEEL VERY GOOD ABOUT THIS.

OOTW: THANK YOU

sczin11: ‹@OOTW› TOO FUNNY GIRL

sczin11: :)

OOTW: THANKS RECAPS..LOVE YA

Donnie: BRICS Bank’s 1st loan to be issued in yuan

Donnie: The BRICS New Development Bank will name its first investment in April next year and the first loan will be issued in yuan not dollar, top officials confirmed.

The first president of the Bank, Kundapur Vaman Kamath said in Shanghai that the new lender will work closely with the China-led Asian Infrastructure Investment Bank.

“We have partnerships that we will forge with the AIIB, the national loan banks and indeed, the exiting market loan banks,” he said.

The NDB with about $50 billion in capital to invest in public infrastructure will compete with institutions where the US has considerably more influence—organizations such as the World Bank and the International Monetary Fund.

Kamath, who has been nominated by India to head the bank, also said the first investment will be made in the Chinese currency.

This would aid China’s attempts to diminish the dollar’s dominance in global trade and finance. China is also pushing for the International Monetary Fund to endorse the Chinese yuan as a global reserve currency alongside the dollar and euro.

The bank has an initial authorized capital of $100 billion. Its initial subscribed capital of $50 billion will be equally shared among the founding members.

The paid-in reserves are planned to be denominated in each country’s currency. The Chinese renmimbi is also expected to replace the dollar at the BRICS Bank, especially for projects in Asia.

 As agreed by the five countries, the first chair of the board of governors has been nominated by Russia, the first chair of the board of directors by Brazil, and the first president by India.

An African regional center of the bank will be based in Johannesburg, South Africa. BRICS leaders Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi and Dilma Rousseff met earlier this month in the Russian city of Ufa for the 7th BRICS Summit.

The BRICS central bank governors in Ufa also signed an operating agreement on the $100 billion BRICS monetary fund that will come into force on 30 July.

Donnie: http://ift.tt/1OvkOH0...

http://ift.tt/1Mvt1xg

OOTW: THANKS DONNIE POSTING NOW

[09:18:09 PM] OOTW: FROM KEYWORDS: "Revision of the state budget structure and presentation" wealthwatch.world/showthr... http://ift.tt/1OvkOH2

OOTW: KEYWORDS OUTLINES THE BUDGET MONIES AND HOW THEY'LL BE SPENT IN ACCORD WITH THE 2015 BUDGET - I'VE NEVER SEEN A PRESS RELEASE LIKE THIS BEFORE FROM THE CBI - THEY MEAN BUSINESS

BOBBY: So....... would you say that the ball is rolling, so to speak, now that there back from break?

OOTW: ABSOLUTELY BOBBY

OOTW: I REALLY NEED TO ANALYZE THIS PRESS RELEASE FROM THE CBI

OOTW: IT'LL TAKE SOME TIME

Dianne777: ‹@OOTW› rv SOON?

Dianne777: lol

OOTW: LMAO

OOTW: OH, YOU GOT ME DIANNE

Dianne777: ‹@OOTW› i dont understand much, but business, no monkey biz now lol

OOTW: LOL

BOBBY: next few weeks should be interesting. .. one way or the other

BOBBY: OOTW... have a question when you have time please

OOTW: SURE HON

OOTW: SHOOT

OOTW: LOL

BOBBY: in your opinion. .... what do you see/ believe has to be done for an rv to even have a chance of bcoming reality?

OOTW: MY PERSONAL FEELING IS , THE CLOSER WE GET TO 2016 AND IRAQ'S WTO CONSULTATION, THE BETTER WE'LL BE LIKELY TO SEE SOME KIND OF MOVEMENT IN THE VALUE

OOTW: BUT..

OOTW: THEY'RE UNDER A LOT PRESSURE

OOTW: AND MORE AND MORE DA'ASH IS ELIMINATED FROM THE COUNTRY, WITH EACH PASSING DAY

OOTW: *ARE

OOTW: REMEMBER THAT FACTA LEGISLATION HAS TO BE PASSED BY SEPT 2015

BOBBY: what about laws, amnesty, etc.

OOTW: AND THE CBI IS WORKING NOW TO HIRE SOMEONE TO INSTALL AND MANAGE THEIR XBRL SYSTEM - BUSINESS BANKING CODING/LANGUAGE FOR TRANSACTIONS

OOTW: THIS MAKES THEM "VISIBLE" - TO HELP SHOW THEY'RE ADDRESSING CORRUPTION IN TRANSACTIONS..THIS IS WHAT THE IMF WANTS

OOTW: ALONG WITH SWIFT

OOTW: WHICH THEY ALREADY USE

OOTW: THERE'S MANY LAWS GOING..RIGHT NOW, I'M PAYING PARTICULAR ATTENTION TO THE ISLAMIC BANKING LAWS

OOTW: FOR INDIVIDUALS AND THE GOVERNMENT

OOTW: AND BUSINESSES

BOBBY: in your thoughts,,, whats lacking?

OOTW: THEY HAVE A WAYS TO GO, BUT REMEMBER WE'RE ONLY FOUR MONTHS AWAY FROM THE BEGINNING OF THE YEAR

OOTW: WELL THAT'S A LONG LIST BOBBY - BUT THEY ARE ADDRESSING THESE...DO I THINK THEY HAVE TO HAVE "SOCIAL JUSTICE" LAWS IN ORDER TO CHANGE THE ECONOMY?

IT'D BE WONDERFUL, BUT THEY CAN PASS LAWS TO SUPPORT THE ECONOMY WITHOUT THEM

OOTW: REMEMBER JOBOURI WAS GIVEN THE GREEN LIGHT BY THE PRESIDENT, MASSUM, TO PASS LAWS AS HE NEEDS TO

OOTW: THEY PASSED THE FIRST READING OF THE FEDERAL REVENUE SHARING ACT WITH ONLY 175 MP'S IN ATTENDANCE

OOTW: THIS LAW NEEDS TO BE COMPLETED TO ENSURE PAYMENT DISTRIBUTION TO THE PROVINCES, INCLUDING THE KURDS AND PARTNERS WITH THE HCL

BOBBY: so I hope i am not reaching here, you believe by the end of the year?

OOTW: WE ARE MAKING VERY STRONG PROGRESS

BOBBY: I am trying to look at this from a different perspective

OOTW: I BELIEVE BETWEEN JANUARY AND APRIL OF 2016 - OF COURSE, THIS DEPENDS ON THE TARIFF'S GOING INTO EFFECT, 

AND HOW CAN THEY ADD THAT FINANCIAL BURDEN TO PEOPLE WITHOUT GIVING THEM PURCHASING POWER...

SO WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00 THAT'S EFFECTIVELY DOUBLE THE VALUE OF THE DINAR, CURRENTLY

OOTW: THEY COULD ACTUALLY DO THAT, TO SHOW THE WTO THEY'RE ADDING PURCHASING POWER, AND THEN AS THEY NEAR THEIR MEETING AND THE PRIVATE SECTOR GETS FURTHER ALONG, WE COULD SEE A NOTICEABLE INCREASE AS THEY NEAR THEIR MEETING WITH THE TWO

OOTW: WTO

OOTW: FOR ME, THIS IS A WORSE CASE SCENARIO

OOTW: BUT I PREFER TO PREPARE FOR THE WORST AND HOPE FOR THE BEST

OOTW: EVERYONE KNOWS I'M NOT A PUMPER

BOBBY: thank you OOTW. ...

OOTW: THERE ARE FAULTS WITH MY INTERPRETATION

OOTW: FOR EXAMPLE

OOTW: IF THEY CAME OUT VERY LOW...DOUBLE THE VALUE OF THE DINAR...I WOULD THINK SPECULATORS WOULD RUN RAMPANT, SCOOPING UP DINAR

OOTW: CURRENTLY, IRAQ IS ON A MANAGED REGIME

OOTW: THEY COULD COME OUT LOW AND THEN IT COULD BUMP UP NOTICEABLY IN A SHORT AMOUNT OF TIME

OOTW: THERE ARE MANY OPTIONS

BOBBY: so do you subscribe to the float theory?

OOTW: EVERY CURRENCY FLOATS

OOTW: THERE ARE MANY "REGIME'S" UNDER WHICH A CURRENCY RISES AND FALLS IN VALUE

OOTW: DO I THINK THAT WE'RE SOLELY WATCHING FOR THE PRIVATE SECTOR TO GET KICKING TO DETERMINE A CHANGE IN VALUE TO THE DINAR?

OOTW: NO..THERE ARE MANY FACTORS SUPPORTING THE WEALTH OF A CURRENCY

 OOTW: BUT INVESTORS IN THE COUNTRY WANT TO FEEL GOOD ABOUT THEIR INVESTMENT...SO FOR NOW, I'M LOOKING FOR PRIVATE SECTOR DEVELOPMENT AND FINANCIAL LAWS

OOTW: WE'RE SEEING THEM

 OOTW: I ENCOURAGE YOU TO GO TO THE FORUM AND LOOK AT KEYWORDS PRESS RELEASE AS TO THE FUNDS DISTRIBUTIONS AND AIMS OF THE CBI IN BOOSTING THE ECONOMY

OOTW: AS WELL AS THE POST ON THE NATIONAL COMPANIES ACT

BOBBY: so would you think the value would increase close to the USD value?

Dianne777: so when is their meeting with WTO, I missed that part?
OOTW: KEYWORDS' STATEMENT IS HIS "LOOK INVESTORS, HERE'S OR "PROSPECTUS" - WE'RE GETTING OUR ACT TOGETHER..SEE HOW WE ACCOUNT FOR SPENDING"

OOTW: LAST I LOOKED, IT WAS LATE SPRING 2016

OOTW: SORRY, I CAN'T RECALL THE ACTUAL DATE RIGHT NOW

OOTW: AS WE NEAR THAT DATE, I'LL POST

BOBBY: this will be outrageous when this changes

OOTW: IT'S ALL RELATIVE

OOTW: LOL

OOTW: A DOUBLING IN VALUE WOULD BE SOMETHING ANYWAY

Dianne777: ty doll

Dianne777: ty doll

OOTW: I TRULY HOPE FOR MORE AND BECAUSE IRAQ'S GDP VS NATIONAL DEBT IS AT 30% - (NOT COMPLETELY BAD) THIS IS A GOOD INDICATOR

OOTW: HECK, THE US'S GDP VS NATIONAL DEBT IS AT 101% OR THEREABOUTS

OOTW: SO IRAQ HAS BETTER STANDING THAN WE DO

OOTW: YW DIANNE

*****************************

HELLO, EVERYONE,

HERE'S JUST A FEW HIGHLIGHTS FROM TODAY'S NEWS:

HAS THE CBI "OPENED" THE BUDGET? A MISSION STATEMENT FROM KEYWORDS RE THE 2015 BUDGET - 

http://ift.tt/1OvkOH2

THE AMENDMENT ALLOWING INTERNATIONAL COMPANIES TO TRANSACT BUSINESS IN IRAQ - IT'S PASSED!

http://ift.tt/1MvsZFJ

NATIONAL RECONCILIATION! MORE IMPORTANT LAWS COMING!

http://ift.tt/1CZDle7

THERE'S MANY MORE INTRIGUING ARTICLES IN THE FORUMS.

I HOPE YOUR WEEKEND WAS GREAT, AND YOUR COMING WEEK IS EVEN BETTER!

HUGS,   OOTW


via Dinar Recaps - Our Blog http://ift.tt/1OvkOGW

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