Wealthwatch Early AM Discussion 7-23-15 Part 1 of 2

Wealthwatch Early AM Discussion 7-23-15 Part 1 of 2
Post From Wealthwatch.world Chat Room 7-23-15 Early Early Morning

BOBBY: anyone up?
KiwiDoc: I'm not anyone but I'm up!!
KiwiDoc: ‹@BOBBY› are you on the east coast?

BOBBY: lol... how are you tonight

KiwiDoc: Good It's just a bit before 5 in the afternoon here
BOBBY: i believe we are central time... its almost mid night here

KiwiDoc: If your near midnight, west coast is 5 hours then plus 2 puts you in central time.....Alabama or west I recon
BOBBY: Tennessee

KiwiDoc: It's winter here. not that cold mid to upper 40's to 50's . Just waitin on an RV!!
BOBBY: You and me both.... i feel its gonna be a wait though

KiwiDoc: It's always been said that it will happen when we least expect it and I think that is true.
BOBBY: i agree.... just dont think the foundation is 100 percnt solid yet
~~~

KiwiDoc: Things seem to be improving and that is a good sign. The climate for change seems to be headed in the right direction

BOBBY: i agree. .. i separate the fact from guru fiction. makes life alot simpler
BOBBY: progress is positive.... but slow

KiwiDoc: Likely it will happen with little fanfare and all of sudden it will be, "lets go to the bank!"

chattels: whasup doc ?

BOBBY: my opinion. ..... little to no fanfare

chattels: all good here, and there ?

KiwiDoc: Quiet here, the news here doesn't follow the mid east that much, mostly China
KiwiDoc: and Australia

ladyfox: hi guys, met a retired solider said with boldness ' THE DINAR SHALL REVALUE, TO HOLD FAST" that I will.

ladyfox: in ten words what is the top news of yesterday?

chattels: the best writing i read today was wealthwatch.world/showthr...

http://ift.tt/1CX1YYz

KiwiDoc: ‹@chattels› your a man of few words, looks like your up my friend!!

chattels: it is not necessarily " good " news

chattels: The Line in the Sand: Is Sykes-Picot Coming Undone? BY MICHAEL WAHID HANNA http://ift.tt/1CX1YYB...

ladyfox: ‹@chattels› yes I agree a divorce would not be good

chattels: Read the part on decentralization in Iraq

chattels: ‹@ladyfox› sorry, i put the article in a thread on Kurdish independence

KiwiDoc: ‹@chattels› ‹ do you think the US is trying to encourage this split, wasn't Biden saying that a year or so ago

chattels: use the last link

chattels: ‹@KiwiDoc› I do not.

chattels: BIden did talk about separate states.

] chattels: but i think he had in mind a federation at worst

KiwiDoc: Well if Abadi missed the chance to pull this together he will be like Obama, missing a change to create something historic in his country. Just MHO

chattels: this author talks about asymmetric federalism

KiwiDoc: ‹@chattels› now there is a great new phrase......how can you argue with that.....

KiwiDoc: ‹@chattels› kind of like feeling strongly both ways

KiwiDoc: political journalism at it's best

chattels: ‹@KiwiDoc› i like to think that Abadi is picking his battles and acting as a statesman when he can with what he can

 KiwiDoc: ‹@chattels› so to accomplish a little instead of nothing, like Maliki without the genicide

chattels: little favorable comparison with Maliki in my sense of it

chattels: Abadi is far less of a centralist than Maliki

] KiwiDoc: When I read the article in Al-Monitor about the tribes south of Bagdad still using trading of women to settle disputes it hit home that even thought this is where civilization supposedly started, there is a heck of a long way to go before things can come right.

chattels: Abadi favors more " state's rights " than federalism, IMO

chattels: ‹@KiwiDoc› Christianity was the great liberator of women. Islam, well, ........................

 KiwiDoc: ‹@chattels› yes but the articles that discussed the delay in military support during the seiges of Ramadi and other cities from Bagdad don't ring of support from the GOI.

chattels: Iraq has lots of problems, no doubt

] KiwiDoc: You notice that there hasn't been much discussion at any point that I've seen regarding the Christian abuses, which have gone unaddressed by Bagdad to any great degree. or have I missed something along the way?

chattels: ‹@KiwiDoc› No, i have read / seen nothing about christian abusers

chattels: if you mean Muslim outrage at the abuse of christian, there has been a smattering out of Baghdad, more from KUrdistan

KiwiDoc: the curds have been the only ones to come to their defense that I've seen

chattels: ‹@KiwiDoc› Christian refugees languish in camps, looking for hope http://ift.tt/1dh0hsK...

http://ift.tt/1Ox71QN

KiwiDoc: At some point there has to be reconciliation publically, and I don't see the Muslim government wanting to do that

chattels: ‹@KiwiDoc› the christian populace must be included in the " national reconciliation "

KiwiDoc: agreed but I haven't seen any indication of that happening, certainly nothing from Abadi publically that Ive seen

chattels: ‹@KiwiDoc› compassion for christians is not at the top of the list for sure

chattels: no good political future in it for the near term

KiwiDoc: for sure, and once the RV goes, it will be about access for the oil production is my guess

chattels: “oil nationalism is the fundamental arrangement underlying the Iraqi state.” http://ift.tt/1CX1YYB...

http://ift.tt/1RRMewJ

chattels: " The centrality of oil to this arrangement means that “a relatively equitable distribution of this wealth will be key to future stability, ...... "

KiwiDoc: I think it's always been about the oil from day 1

chattels: and Basra has 80 % of the oil production in Iraq at present

KiwiDoc: But Basra is in the south right?

chattels: Basra is Shia country as you know

KiwiDoc: yes

chattels: ‹@KiwiDoc› yes, Iraq's only seaport

KiwiDoc: Also where they are having all shipping come in at this point, the other border crossings are controlled by ISIS as I understand it

chattels: the KUrds have the other 20 %

 KiwiDoc: The article you referenced the Kurd certainly sound like they want out....without a fight

chattels: the Sunni have little oil or other resources, except maybe phosphates

KiwiDoc: But the phosphates have value and if they can access that financially, that should help to smooth over some of the sectarian strife one would think....No being left out in the cold so to speak

chattels: ‹@KiwiDoc› the Kurds are situated much like the southern states in 1860

KiwiDoc: Good analogy

chattels: if there is an armed conflict it will be one of Shia aggression

KiwiDoc: It wouldn't be their first

chattels: except maybe in Kirkuk and other disputed areas that were historically Kurdish

chattels: i believe that the Kurds will fight over Kirkuk

KiwiDoc: It will be interesting to see how the Kurds handle the change over and amnesty for the ISIS fighters who jumped ship from the Iraqi forces after all the killing that went on

chattels: i believe that much of the Kurdish hesitation is centered upon accomplishing as much constitutionally and without bloodshed under the Iraqi constitution

chattels: in the disputed areas under article 140

KiwiDoc: But you don't think they want out?

chattels: ‹@KiwiDoc› longer term, yes

chattels: ultimately there will be a Kurdish nation, IMO

KiwiDoc: It was Bagdad, granted Sadaam who bombed them, used chemical weapons.....a real mess

chattels: there are also aspirations of a greater Kurdistan, Rojava in Syria , and parts of Turkey and Iran

chattels: it is very complicated and i do not pretend to grasp it all - books have been written

chattels: the Kurdish diaspora is the largest on the planet

chattels: there are many similarities with Israel

KiwiDoc: That I didn't know

chattels: Turkey's real concern: Greater Kurdistan

chattels: http://ift.tt/1U6ADse...

http://ift.tt/Zxh3Ov

chattels: Here's The New Kurdish Country That Could Emerge Out Of The Iraq Crisis Read more: http://ift.tt/1OorBCq...

http://ift.tt/1CX1YYD

chattels: The Kurds, an ethnic group numbering around 30 million people, are spread throughout northern Iraq and Syria, western Iran, and eastern Turkey. They are considered to be the largest stateless national group in the world. Read more: http://ift.tt/1OorBCq...

http://ift.tt/1OorBCr

KiwiDoc: There is a definite possiblitly for us to get out from under Turkey's bases and use Kurd bases in the future I bet, just a hunch

chattels: The Kurds in Iraq have actually expanded the total territory they control by 40% since ISIS took over Mosul. This has fueled fears in Iraq that Iraqi Kurdistan may declare itself a fully independent state. Read more: http://ift.tt/1OorBCq...

http://ift.tt/1OorCWQ

] chattels: Iraqi Kurdistan already runs itself in much the same way an independent nation would. It has its own armed forces, and it has been selling its own oil for half the price of what the rest of Iraq charges through a pipeline to the Turkish port of Ceyhan.

It is estimated that the Kurdish region contains a quarter of all of Iraq's oil. That figure is likely an understatement now that the Kurds control Kirkuk — a key oil hub. Read more: http://ift.tt/1OorBCq...

http://ift.tt/1CX1YYF

chattels: the Kurds need to double their current production to be financially independent of Basra / Baghdad

chattels: with Kirkuk they will have the resources for the longer term, in the meanwhile they are consolidating their gains upon the ground and improving their value to the world

chattels: they will have to have international support

KiwiDoc: We will be back it I bet

chattels: we are seemingly getting warmer, but we have left the Kurds hanging before

chattels: as you can see I am a Kurd sympathizer

KiwiDoc: We have left several hanging before, I'm a fan of their's as well

chattels: our foreign policy leaves much to be desired, eh ?

KiwiDoc: These last 7 years have been added to the previous which has been diasterous

KiwiDoc: Our foreign policy is and has been a mess

chattels: bed time for bonzo here, tomorrow is another day

KiwiDoc: yes it is....all the best and don't forget to sing Happy Birthday......

chattels: thanks for the chat

chattels: ‹@KiwiDoc› :)

KiwiDoc: it was entirely my pleasure.....I feel quite blessed to chat with you....thanks

chattels: Godspeed the completion of the Iraqi banking sector reform project.

KiwiDoc: From your lips to God's ears

chattels: 7-22-2015 Newshound Guru Kxxx Once sanctions were lifted on Iraq, and the banking system, Iraq is free to engage with the world. [so the sanctions have been lifted? is that right?] 

Yes...sanctions are lifted some years ago. But currently they are under Article XIV with the IMF which is technically called "Transitional" So Iraq is free to engage with any financial instution that is "willing" to take the risk.

 And many do...Especially since the CBI now guarentees funds/payments from it's financial institutions. The bottom line, is as long as the CBI is under Article XIV they will have trouble finding instutions to do business with them. Its just the nature of it.

 Now, once the CBI has met the conditions of the Article IV Consultations...And have demonstrated that they can function by those conditions...They can ask the IMF to give them the blessing of sorts to move from Article XIV to VIII.

chattels: 7-22-2015 Newshound Guru Kxxxxx Article IV Consultations are the name the annual reviews that take place between the IMF and the Central bank. 

Once the IMF agrees, and the CBI accepts Article VIII, that is like offering a warranty...it makes Iraq much more attractive to global banks and it makes a clear statement that the CBI is in compliance with the IMF. 

Banks that are conservative in nature (like Wells Fargo) would only do business with other banks that are VIII compliant.

 I am not saying they would, but Article VIII is a good start for global commerce with the dinar...without it, they continue to struggle for banking partners. 

So, the article was techically correct.."the Iraqi market is now open to markets Global directly without restrictions".

Comments may be made at the end of Part 2  Thank You

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