Post From Wealthwatch.world Chat Room 8-7-15
Wealthwatch Special OOTW Chat 8-7-15 Part 2 of 2
OOTW: SORRY I HAD IT BACKWARDS -- B IS LOWER THAN TRIPLE BBB - B IS LOW GRADE SPECULATIVE
OOTW: YES YOU'RE RIGHT FOX
Fit2beFit: the lowest right?
OOTW: SORRY FIT
Fit2beFit: B- is the lowest
OOTW: IT'S THE GRADE RIGHT ABOVE WHAT IS CONSIDERED DEFAULT
OOTW: TRIPLE C IS LOW QUALITY MAY DEFAULT --- B- IS ONE LEVEL CLOSER TO TRIPLE C
Fit2beFit: I meant lowest IN B
OOTW: YES YOU'RE RIGHT FIT
Fit2beFit: tHANKS
ajay214: this is not good for us then, I take it?
~~~
Wealthwatch Special OOTW Chat 8-7-15 Part 2 of 2
OOTW: SORRY I HAD IT BACKWARDS -- B IS LOWER THAN TRIPLE BBB - B IS LOW GRADE SPECULATIVE
OOTW: YES YOU'RE RIGHT FOX
Fit2beFit: the lowest right?
OOTW: SORRY FIT
Fit2beFit: B- is the lowest
OOTW: IT'S THE GRADE RIGHT ABOVE WHAT IS CONSIDERED DEFAULT
OOTW: TRIPLE C IS LOW QUALITY MAY DEFAULT --- B- IS ONE LEVEL CLOSER TO TRIPLE C
Fit2beFit: I meant lowest IN B
OOTW: YES YOU'RE RIGHT FIT
Fit2beFit: tHANKS
ajay214: this is not good for us then, I take it?
~~~
Tootsie: Just throwing a thought out into the universe ~~ I do wonder if the same applies to countries as opposed to companies?? I would presume the guidelines are , or would be, the same. ~~
Fit2beFit: Now call obama and have it changed to AAA
BOBBY: this is the reality of the investment
Fit2beFit: ‹@ajay214› good for us and bad for us has been going on FOR YEARS
ajay214: and looks like it may be a few more
Fit2beFit: ‹@ajay214› what, WHAT DID YOU JUST SAY.........I JUST GAVE YOU THE GO DIRECTLY TO JAIL CARD, DONT PASS GO
OOTW: PERHAPS THE ONLY WAY THEY'LL DRAW IN INVESTORS IS TO OFFER A HIGH YIELD BOND
OOTW: FIT LOL
Fit2beFit: :silly:
OOTW: "Low grade (speculative) B B B"
Tootsie: it appears so by some basic search, Good - http://ift.tt/LDvx10... ~~~ Iraq B- STABLE
http://ift.tt/1aih8X6
OOTW: THEY CURRENT CREDIT STATUS - SEE THE DEFINITION ABOVE, IMPLIES THAT THEY'VE NOT BEEN ABLE TO REPAY THEIR LOANS ON TIME -- THEY'RE ON CREDIT PROBATION
ajay214: ‹@Fit2beFit› sawwy
Fit2beFit: I gotta laugh at the "ones" who have said it will happen by........, or they will implode
BOBBY: Fit2befit....this is not gonna stop them from pumping the nonsense
Fit2beFit: ‹@BOBBY› PUMP, well thats an understatement......lol
OOTW: SO FAR TO ME, THIS SEEMS LIKE THE LOWEST RATING THEY CAN HAVE AND ALLOWS THEM TO JUST BARELY BE ABLE TO OFFER THEIR BONDS WITH ANY KIND STABILITY - ON THE EDGE OF UNSTABLE
Fit2beFit: If we are STILL IN HERE when there is a new President.......heads are gonna role
OOTW: 5 denotes A bank for which external support, although possible, cannot be relied upon. This may be due to a lack of propensity to provide support or to very weak financial ability to do so. This probability of support indicates a Long-term rating floor no higher than 'B-' and in many cases no floor at all.
OOTW: creditrisk.bankersalmanac...http://ift.tt/1Ix1XI4
BOBBY: Fit2befit......??????? please explain your thoughts
Fit2beFit: NO RV by 2017 - Besides TNT says today :silly: :wub: :silly:
OOTW: here's this
OOTW: BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country.
The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have hit its petroleum-dependent economy.
“Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,” the agency said, explaining Iraq’s B- rating with a stable outlook. All B ratings “indicate that a material default risk is present. - See more at: http://ift.tt/1DwoWpZ... http://ift.tt/1Ix1Xb4
OOTW: still digging
Fit2beFit: Do any countries of there have a rating without thier own currency live?
Fit2beFit: out there
BOBBY: at least this site is willing to address the reality of where we are at in this
Donnie:http://ift.tt/1DwoWq1
Fit2beFit: Now call obama and have it changed to AAA
BOBBY: this is the reality of the investment
Fit2beFit: ‹@ajay214› good for us and bad for us has been going on FOR YEARS
ajay214: and looks like it may be a few more
Fit2beFit: ‹@ajay214› what, WHAT DID YOU JUST SAY.........I JUST GAVE YOU THE GO DIRECTLY TO JAIL CARD, DONT PASS GO
OOTW: PERHAPS THE ONLY WAY THEY'LL DRAW IN INVESTORS IS TO OFFER A HIGH YIELD BOND
OOTW: FIT LOL
Fit2beFit: :silly:
OOTW: "Low grade (speculative) B B B"
Tootsie: it appears so by some basic search, Good - http://ift.tt/LDvx10... ~~~ Iraq B- STABLE
http://ift.tt/1aih8X6
OOTW: THEY CURRENT CREDIT STATUS - SEE THE DEFINITION ABOVE, IMPLIES THAT THEY'VE NOT BEEN ABLE TO REPAY THEIR LOANS ON TIME -- THEY'RE ON CREDIT PROBATION
ajay214: ‹@Fit2beFit› sawwy
Fit2beFit: I gotta laugh at the "ones" who have said it will happen by........, or they will implode
BOBBY: Fit2befit....this is not gonna stop them from pumping the nonsense
Fit2beFit: ‹@BOBBY› PUMP, well thats an understatement......lol
OOTW: SO FAR TO ME, THIS SEEMS LIKE THE LOWEST RATING THEY CAN HAVE AND ALLOWS THEM TO JUST BARELY BE ABLE TO OFFER THEIR BONDS WITH ANY KIND STABILITY - ON THE EDGE OF UNSTABLE
Fit2beFit: If we are STILL IN HERE when there is a new President.......heads are gonna role
OOTW: 5 denotes A bank for which external support, although possible, cannot be relied upon. This may be due to a lack of propensity to provide support or to very weak financial ability to do so. This probability of support indicates a Long-term rating floor no higher than 'B-' and in many cases no floor at all.
OOTW: creditrisk.bankersalmanac...http://ift.tt/1Ix1XI4
BOBBY: Fit2befit......??????? please explain your thoughts
Fit2beFit: NO RV by 2017 - Besides TNT says today :silly: :wub: :silly:
OOTW: here's this
OOTW: BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country.
The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have hit its petroleum-dependent economy.
“Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,” the agency said, explaining Iraq’s B- rating with a stable outlook. All B ratings “indicate that a material default risk is present. - See more at: http://ift.tt/1DwoWpZ... http://ift.tt/1Ix1Xb4
OOTW: still digging
Fit2beFit: Do any countries of there have a rating without thier own currency live?
Fit2beFit: out there
BOBBY: at least this site is willing to address the reality of where we are at in this
Donnie:http://ift.tt/1DwoWq1
OOTW: LETS EXAMINE THIS QUOTE FROM THE KEYWORDS PRESS RELEASE FROM TWO DAYS AGO - RE THE CHAT I PERFORMED ON THIS - THIS QUOTE IS FROM THE SECTION OF THE ARTICLE WHICH SPEAKS TO "SOLUTIONS" FOR IRAQ'S ECONOMIC ISSUES
OOTW: "2. Stimulate and activate tools and market domestic debt, through the issuance of bonds and traded in the market, which is a source basis for funding in most countries of the world, given that the central bank proposed to the government and the national bond issue worth 5 trillion dinars and local bonds, dollar futures against the dinar worth $ 5 billion, The government agreed on it has been assigned versions Bank manages on behalf of the government and will soon in the market. "
OOTW: wealthwatch.world/showthr... http://ift.tt/1MOyfDB
Fit2beFit: Do any countries out there have a rating without their own currency live?
OOTW: LOOKING AT ALL THE EVIDENCE WE'VE FOUND TODAY, I HAVE TO SAY THAT I THINK IRAQ WAS GIVEN SOLELY AND SIMPLY AS PASSABLE OF A GRADE AS THEY CAN HAVE IN ORDER TO LEGITIMATELY SELL THESE BONDS IN ORDER TO GENERATE REVENUE
OOTW: IT'S A TEST FOR THEM
EdoBini: Fit2befit, that's is a valid question right there.
Fit2beFit: ‹@EdoBini› Ok then I want an answer right now, or YOUR FIRED
Donnie: Payment Systems Iraq owns one of the most advanced electronic payment systems in the world. The system is designed to ensure the exchange of payment orders between banks automatically via an efficient and secure network. The Central Bank of Iraq (CBI) operates and manages the settlement accounts of the participants to ensure the safety and efficiency of payment systems and clearing operations.
Donnie: www.cbi.iq/index.php
http://ift.tt/1W6jJuP
BOBBY: we watch and wait..... same thing we have been doing and have done
Donnie: Iraq: government pre-empt popular protests urgent reform pledges
Donnie: Thursday, 08/06/2015 BAGHDAD – Agencies: Iraq’s three presidencies confirmed during a meeting in Baghdad, “was devoted to discuss the concerns of the immediate citizens, where it was stressed the importance of making the doors of the three authorities wide open to receive and accept the demands and proposals of citizens in this regard,
and the need to take urgent actions and decisions to ensure initiate real and fast and efficient processors serving the country and promote freedom, justice and provide opportunities for human life precious to all Iraqis, “
as a presidential statement said yesterday after the meeting and participated in the meeting President Fuad Masum, the Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri and Chief Justice Medhat al-Mahmoud, the Vice-President of the Republic Nuri Kamal al-Maliki, and Iyad Allawi and Osama Najafi and Deputy Prime Minister Bahaa al-Araji, Saleh al-Mutlaq, and Vice President of the House of Representatives Hamoudi. http://ift.tt/1Ix206v...
http://ift.tt/1IwlOHj
EdoBini: Have the CBI install the XBRL as yet ?
Donnie: http://ift.tt/1DwoYhK
OOTW: "2. Stimulate and activate tools and market domestic debt, through the issuance of bonds and traded in the market, which is a source basis for funding in most countries of the world, given that the central bank proposed to the government and the national bond issue worth 5 trillion dinars and local bonds, dollar futures against the dinar worth $ 5 billion, The government agreed on it has been assigned versions Bank manages on behalf of the government and will soon in the market. "
OOTW: wealthwatch.world/showthr... http://ift.tt/1MOyfDB
Fit2beFit: Do any countries out there have a rating without their own currency live?
OOTW: LOOKING AT ALL THE EVIDENCE WE'VE FOUND TODAY, I HAVE TO SAY THAT I THINK IRAQ WAS GIVEN SOLELY AND SIMPLY AS PASSABLE OF A GRADE AS THEY CAN HAVE IN ORDER TO LEGITIMATELY SELL THESE BONDS IN ORDER TO GENERATE REVENUE
OOTW: IT'S A TEST FOR THEM
EdoBini: Fit2befit, that's is a valid question right there.
Fit2beFit: ‹@EdoBini› Ok then I want an answer right now, or YOUR FIRED
Donnie: Payment Systems Iraq owns one of the most advanced electronic payment systems in the world. The system is designed to ensure the exchange of payment orders between banks automatically via an efficient and secure network. The Central Bank of Iraq (CBI) operates and manages the settlement accounts of the participants to ensure the safety and efficiency of payment systems and clearing operations.
Donnie: www.cbi.iq/index.php
http://ift.tt/1W6jJuP
BOBBY: we watch and wait..... same thing we have been doing and have done
Donnie: Iraq: government pre-empt popular protests urgent reform pledges
Donnie: Thursday, 08/06/2015 BAGHDAD – Agencies: Iraq’s three presidencies confirmed during a meeting in Baghdad, “was devoted to discuss the concerns of the immediate citizens, where it was stressed the importance of making the doors of the three authorities wide open to receive and accept the demands and proposals of citizens in this regard,
and the need to take urgent actions and decisions to ensure initiate real and fast and efficient processors serving the country and promote freedom, justice and provide opportunities for human life precious to all Iraqis, “
as a presidential statement said yesterday after the meeting and participated in the meeting President Fuad Masum, the Prime Minister Haider al-Abadi and Parliament Speaker Salim al-Jubouri and Chief Justice Medhat al-Mahmoud, the Vice-President of the Republic Nuri Kamal al-Maliki, and Iyad Allawi and Osama Najafi and Deputy Prime Minister Bahaa al-Araji, Saleh al-Mutlaq, and Vice President of the House of Representatives Hamoudi. http://ift.tt/1Ix206v...
http://ift.tt/1IwlOHj
EdoBini: Have the CBI install the XBRL as yet ?
Donnie: http://ift.tt/1DwoYhK
EdoBini: The non installation these XBRL systems could be the hold up of their exchange rate increase, l think
Donnie: ‹@EdoBini› did you read this link www.cbi.iq/index.php nothing you're looking for?
EdoBini: Thanks. for your wonderful Link. Very refreshing to read.
BOBBY: EdoBini do you believe that is why they have not added value to there currency?
Fit2beFit: Do any countries out there have a rating without their own currency live?
EdoBini: Yes, just read this heart warming Link @ www.cbi.iq/index.php. my mind is now at rest regarding the installation of that systems. Very important for the CBI.
BOBBY: i think there is more then the installition of XBRL slowing the process down
BOBBY: Fit2befit..... good question..... curious for an answer!
TxBrand: http://ift.tt/1DwoYhM... BREAKING: Gun Confiscation for Veterans Begins… But First Victim Had a Sheriff, 2 State Reps and 100 Local Patriots Show Up at House Yesterday to Stop It
http://ift.tt/1Ir9gDj
] Fit2beFit: ‹@BOBBY› I know it just doesnt make sence not for them too
BOBBY: Fit2befit..... my opinion. ... its as simple as there not ready or in a place to sustain a rate increase
Fit2beFit: ‹@BOBBY› I agree
Fit2beFit: International live currency
Fit2beFit: how do you get a rating without it
BOBBY: to much hype, not enough grounded reality
] BOBBY: i think back to something Najib Najib said before, not until they get the corruption and security issues handled can they move forward with change
Donnie: ‹@TxBrand› WOW!!!
OOTW: ‹@EdoBini› THATS AN INTERESTING THOUGHT AND THE TENDER/BID STATES THAT THE CBI WAS TO MAKE A DECISION BY THE 23RD OF AUGUST
OOTW: THANKS DONNIE I'M READING THE LINK NOW
BOBBY: OOTW.... Is amazing what some sites are promoting as far as a revalue
chattels: good afternoon all
EdoBini: OOTW, the CBI even expressed their desire to extent the bidding date to the end of September because of insufficient bidders applying . lt has been given me some nightmare. Thank Donnie again for the link he provided here for us.
chattels: I am trying to absorb what all of the recent news may mean for our speculation. Increasingly I am wondering whether there will be a public exchange opportunity.
chattels: Which begs the question regarding the legitimacy of any private exchange opportunities.
OOTW: I DO NOT KNOW ENOUGH ABOUT BONDS TO EXAMINE ALL THE POTENTIAL MEANINGS OF THIS
chattels: ‹@OOTW› ?????????
sczin11: SEEMS LIKE THE CBI WEBSITE TALKING ABOUT THE ADVANCED TECHNOLOGICAL BANKING SYSTEM, CONTRADICTS SOME OF THE FITCH STATING REAGRDING THE IRAQI BANKING SYSTEM, IS UNDERDEVELOPED..
HERE IS A QUOTE FROM FITCH.."...The banking sector is under-developed and fundamentally weak. "
HERE IS A QUOTE FROM THE CBI.. "Iraq owns one of the most advanced electronic payment systems in the world."
PERHAPS I AM LOOKING AT APPLES VS ORANGES.. IDK..BUT SOMETHING SMELLS FUNNY... AT LEAST ABOUT THE BANKING SYSTEM AND THE ADVANCEMENTS WE KNOW ABOUT..
sczin11: THE CREDIT RATING BEING ISSUED AT ALL, CAN BE VIEWED AS A VERY POSITIVE PROGRESSIVE ONE... IT IS ONE MORE REQUIREMENT FOR INTERNATIONAL COMPLIANCE AND STANDARDS..
BEING IN IMF ARTICLE XIV, IS NOT THE GREATEST, PROBATIONARY IF YOU WILL, BUT IT IS CERTAINLY BETTER THAN BEING IN CHAPTER 7...
THE BONDS BEING ISSUED USING THIS CREDIT RATING WILL HAVE TO BE OFFERED WITH HIGHER ANNUAL YIELDS, IN ORDER TO ENTICE BUYERS OF THESE BONDS..
IN TURN, THE WILL INCREASE PAYMENTS TO THE GOVERNMENT FOR THEIR DEBT, THE BONDS...AT THE SAME TIME THEY WILL BE SATISFYING IMMEDIATE LIQUIDITY NEEDS..
FINANCE COMMITTEE HAD ANNOUNCED A FEW WEEKS AGO, NO MORE CREDIT..THAT, AFTER IMF AND WB LOANS, JAPANS LOANS FOR ELECTRICITY, AND MANY OTHERS..FC WORRIED ABOUT FUTURE BURDENS OF PAYMENTS..
FOLKS..THERE IS ONE WAY TO RESOLVE ALL THIS...BY INCREASING THE EXCHANGE RATE OF THE DINAR,
THE COST OF THE BONDS WOULD BE EVEN LESS TO FOREIGN PURCHASERS, MORE OF A DISCOUNT DUE TO THE INCREASED VALUE OF THE DINAR EXCHANGE RATE, AND WOULD CERTAINLY ENTICE MANY TO COME ABOARD..
sczin11: wealthwatch.world/showthr... http://ift.tt/1eYCpuR
sczin11: AND sczin11: www.cbi.iq/index.php http://ift.tt/1W6jJuP
chattels: so sayeth the " wet blanket " IMO chattels: :)
BOBBY: SCZIN11. ... the article that was posted said the rating was based on brent crude speculations.... correct?
OOTW: CHATTELS LOL
chattels: perhaps my poor attempt at good humor is misplaced
OBBY: Chattels. ... no its not lol
chattels: someone reported to me that there was a ten day extension on the injunctive relief hearing for dinarcorp, but i have not seen any " ink " - anyone here seen anything ?
OOTW: NADA CHATTELS SORRY
chattels: ‹@OOTW› thank you
BOBBY: Chattels. ..... been seeing alot of talk about DU reported to the fbi on another site
chattels: news out of Kurdistan is still scarce in my observation - anyone else observe the same ?
BOBBY: sczin11 got time for a question?
sczin11: ‹@BOBBY› GO
BOBBY: The credit rating..... is that based on brent oil prices in the next few years?
sczin11: ‹@BOBBY› THATS ONE OF MANY FACTORS, BUT NOT EXCLUSIVELY.. AND IN THIS CASE, SOME MAY SUGGEST FITCH IS ASSUMING HIGH OIL PRICES, SO IF THAT WAS ALL THEY CONSIDERED, IRAQ WOULD PROBABLY END UP BELOW JUNK LEVELS..
Donnie: BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country.
The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have hit its petroleum-dependent economy. “
Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,” the agency said, explaining Iraq’s B- rating with a stable outlook. All B ratings “indicate that a material default risk is present.” - See more at: http://ift.tt/1DwoWpZ...
BOBBY: how can they even begin to speculate at 80 dollars with Iran s lines and domestic lines?
Donnie: ‹@EdoBini› did you read this link www.cbi.iq/index.php nothing you're looking for?
EdoBini: Thanks. for your wonderful Link. Very refreshing to read.
BOBBY: EdoBini do you believe that is why they have not added value to there currency?
Fit2beFit: Do any countries out there have a rating without their own currency live?
EdoBini: Yes, just read this heart warming Link @ www.cbi.iq/index.php. my mind is now at rest regarding the installation of that systems. Very important for the CBI.
BOBBY: i think there is more then the installition of XBRL slowing the process down
BOBBY: Fit2befit..... good question..... curious for an answer!
TxBrand: http://ift.tt/1DwoYhM... BREAKING: Gun Confiscation for Veterans Begins… But First Victim Had a Sheriff, 2 State Reps and 100 Local Patriots Show Up at House Yesterday to Stop It
http://ift.tt/1Ir9gDj
] Fit2beFit: ‹@BOBBY› I know it just doesnt make sence not for them too
BOBBY: Fit2befit..... my opinion. ... its as simple as there not ready or in a place to sustain a rate increase
Fit2beFit: ‹@BOBBY› I agree
Fit2beFit: International live currency
Fit2beFit: how do you get a rating without it
BOBBY: to much hype, not enough grounded reality
] BOBBY: i think back to something Najib Najib said before, not until they get the corruption and security issues handled can they move forward with change
Donnie: ‹@TxBrand› WOW!!!
OOTW: ‹@EdoBini› THATS AN INTERESTING THOUGHT AND THE TENDER/BID STATES THAT THE CBI WAS TO MAKE A DECISION BY THE 23RD OF AUGUST
OOTW: THANKS DONNIE I'M READING THE LINK NOW
BOBBY: OOTW.... Is amazing what some sites are promoting as far as a revalue
chattels: good afternoon all
EdoBini: OOTW, the CBI even expressed their desire to extent the bidding date to the end of September because of insufficient bidders applying . lt has been given me some nightmare. Thank Donnie again for the link he provided here for us.
chattels: I am trying to absorb what all of the recent news may mean for our speculation. Increasingly I am wondering whether there will be a public exchange opportunity.
chattels: Which begs the question regarding the legitimacy of any private exchange opportunities.
OOTW: I DO NOT KNOW ENOUGH ABOUT BONDS TO EXAMINE ALL THE POTENTIAL MEANINGS OF THIS
chattels: ‹@OOTW› ?????????
sczin11: SEEMS LIKE THE CBI WEBSITE TALKING ABOUT THE ADVANCED TECHNOLOGICAL BANKING SYSTEM, CONTRADICTS SOME OF THE FITCH STATING REAGRDING THE IRAQI BANKING SYSTEM, IS UNDERDEVELOPED..
HERE IS A QUOTE FROM FITCH.."...The banking sector is under-developed and fundamentally weak. "
HERE IS A QUOTE FROM THE CBI.. "Iraq owns one of the most advanced electronic payment systems in the world."
PERHAPS I AM LOOKING AT APPLES VS ORANGES.. IDK..BUT SOMETHING SMELLS FUNNY... AT LEAST ABOUT THE BANKING SYSTEM AND THE ADVANCEMENTS WE KNOW ABOUT..
sczin11: THE CREDIT RATING BEING ISSUED AT ALL, CAN BE VIEWED AS A VERY POSITIVE PROGRESSIVE ONE... IT IS ONE MORE REQUIREMENT FOR INTERNATIONAL COMPLIANCE AND STANDARDS..
BEING IN IMF ARTICLE XIV, IS NOT THE GREATEST, PROBATIONARY IF YOU WILL, BUT IT IS CERTAINLY BETTER THAN BEING IN CHAPTER 7...
THE BONDS BEING ISSUED USING THIS CREDIT RATING WILL HAVE TO BE OFFERED WITH HIGHER ANNUAL YIELDS, IN ORDER TO ENTICE BUYERS OF THESE BONDS..
IN TURN, THE WILL INCREASE PAYMENTS TO THE GOVERNMENT FOR THEIR DEBT, THE BONDS...AT THE SAME TIME THEY WILL BE SATISFYING IMMEDIATE LIQUIDITY NEEDS..
FINANCE COMMITTEE HAD ANNOUNCED A FEW WEEKS AGO, NO MORE CREDIT..THAT, AFTER IMF AND WB LOANS, JAPANS LOANS FOR ELECTRICITY, AND MANY OTHERS..FC WORRIED ABOUT FUTURE BURDENS OF PAYMENTS..
FOLKS..THERE IS ONE WAY TO RESOLVE ALL THIS...BY INCREASING THE EXCHANGE RATE OF THE DINAR,
THE COST OF THE BONDS WOULD BE EVEN LESS TO FOREIGN PURCHASERS, MORE OF A DISCOUNT DUE TO THE INCREASED VALUE OF THE DINAR EXCHANGE RATE, AND WOULD CERTAINLY ENTICE MANY TO COME ABOARD..
sczin11: wealthwatch.world/showthr... http://ift.tt/1eYCpuR
sczin11: AND sczin11: www.cbi.iq/index.php http://ift.tt/1W6jJuP
chattels: so sayeth the " wet blanket " IMO chattels: :)
BOBBY: SCZIN11. ... the article that was posted said the rating was based on brent crude speculations.... correct?
OOTW: CHATTELS LOL
chattels: perhaps my poor attempt at good humor is misplaced
OBBY: Chattels. ... no its not lol
chattels: someone reported to me that there was a ten day extension on the injunctive relief hearing for dinarcorp, but i have not seen any " ink " - anyone here seen anything ?
OOTW: NADA CHATTELS SORRY
chattels: ‹@OOTW› thank you
BOBBY: Chattels. ..... been seeing alot of talk about DU reported to the fbi on another site
chattels: news out of Kurdistan is still scarce in my observation - anyone else observe the same ?
BOBBY: sczin11 got time for a question?
sczin11: ‹@BOBBY› GO
BOBBY: The credit rating..... is that based on brent oil prices in the next few years?
sczin11: ‹@BOBBY› THATS ONE OF MANY FACTORS, BUT NOT EXCLUSIVELY.. AND IN THIS CASE, SOME MAY SUGGEST FITCH IS ASSUMING HIGH OIL PRICES, SO IF THAT WAS ALL THEY CONSIDERED, IRAQ WOULD PROBABLY END UP BELOW JUNK LEVELS..
Donnie: BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country.
The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have hit its petroleum-dependent economy. “
Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,” the agency said, explaining Iraq’s B- rating with a stable outlook. All B ratings “indicate that a material default risk is present.” - See more at: http://ift.tt/1DwoWpZ...
BOBBY: how can they even begin to speculate at 80 dollars with Iran s lines and domestic lines?
sczin11: ‹@BOBBY› DONT GET WRAPPED UP IN WHAT THE CREDIT RATING IS..BE HAPPY THEY GOT ONE..PROGRESS.. CAN I HEAR A ......??? LOL
BOBBY: its all in the details
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: At least " Mr. Fitch " agrees with what I have been saying about the political, security and economic issues extant in Iraq.
chattels: The " wet blanket " may not be so " wet " after all.
BOBBY: Chattels..... preach on
star diamond: Evening everyone
RVPlease: Reuters had an article the other day... that since the IRAN sanctions have been lifted..and they are going to start selling oil.... that oil prices by next April.... could be as low as 35 dollars a barrel.... this FITCH... says 75 dollars... go figure...
BOBBY: RVPlease...... my point exactly...... thank you
BOBBY: its all in the details
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: " The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, .................. "
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: “Political risk and insecurity are among the highest faced by any sovereign rated by Fitch,”
chattels: At least " Mr. Fitch " agrees with what I have been saying about the political, security and economic issues extant in Iraq.
chattels: The " wet blanket " may not be so " wet " after all.
BOBBY: Chattels..... preach on
star diamond: Evening everyone
RVPlease: Reuters had an article the other day... that since the IRAN sanctions have been lifted..and they are going to start selling oil.... that oil prices by next April.... could be as low as 35 dollars a barrel.... this FITCH... says 75 dollars... go figure...
BOBBY: RVPlease...... my point exactly...... thank you
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