Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie & Mr White News Time 7-25-16 Part 2 of 2
Hutch says():MR WHITE AND RCOOKIE, WOULD YOU GUYS COMMENT ?
rcookie says():HE SUGGESTS STRATEGIC REFORM OBJECTIVES FROM THE IMF SBA LOAN DISTRIBUTED ACCORDING TO THE LOAN CYCLE OF 3 YEARS AND PULSED TO AGRICULTURAL..INDUSTRIAL AND HOUSING SECTORS ACCORDING TO COM PLANNING COORDINATED WITH PRIVATE SECTOR REPRESENTATIVES.....
wmawhite says():He added that the provision of the central bank's six trillion five hundred billion dinars amount of investment is designed to achieve the government 's plan to restructure Iraq 's economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.
this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
~~~
Chat Room Excerpts & Highlights
RCookie & Mr White News Time 7-25-16 Part 2 of 2
Hutch says():MR WHITE AND RCOOKIE, WOULD YOU GUYS COMMENT ?
rcookie says():HE SUGGESTS STRATEGIC REFORM OBJECTIVES FROM THE IMF SBA LOAN DISTRIBUTED ACCORDING TO THE LOAN CYCLE OF 3 YEARS AND PULSED TO AGRICULTURAL..INDUSTRIAL AND HOUSING SECTORS ACCORDING TO COM PLANNING COORDINATED WITH PRIVATE SECTOR REPRESENTATIVES.....
wmawhite says():He added that the provision of the central bank's six trillion five hundred billion dinars amount of investment is designed to achieve the government 's plan to restructure Iraq 's economy and moving it from rentier economy to a productive economy and give the private sector a key role in achieving this.
this says it right here that this is planned and the IMF is part of moving the Iraqi economy into the private sector.
~~~
rcookie says():DRIVING THE BUS...
rcookie says():A PRIVATE SECTOR INDEPENDENT BODY WAS CREATED IN ORDER TO IMPLEMENT THE GOV'T'S PLANS THAT WERE DESIGNED TO STIMULATE AND SUPPORT PRIVATE SECTOR AND COORDINATE ALL OF THE ACTORS
INCLUDING A UNIFIED COUNCIL OF ALL UNION AND ORGANIZATIONS UNDER THE SUPERVISION OF THE LEGISLATIVE, JUDICIAL AND EXECUTIVE POWERS...
AS WELL AS MONITORING FINANCE OPERATIONS FOLLOW UP ASSESSMENT BY INDEPENDENT INTERNATIONAL FIRMS....
wmawhite says():This is the latest IMF loan..............
rcookie says():ALNASIRI STRESSES THE NEED FOR GENERAL COINCIL COOPERATION RO STIMULATE HOUSING THROGH BAGHDAD AND OTHER PROVINCIAL AUTHORITIES TO ALLOCATE RESIDENTIAL LAND PLOTS AND THE STRATEGIC PLANNING OF MODERN CITIES AND RESIDENTIAL COMPLEXES THROUGH COORDINATED PRIVATE SECTOR INVESTMENT...ESPECIALLY TO LOW INCOME XIYIZENS TO E OVERSEEN BY WORLD BANK THROUGH THEIR FUNDING OVERSIGHT...
rcookie says():WE HAD MORE NUMBERS TOWARDS THESE LAND PLOTS YESTERDAY AND HAVE MORE TODAY AS WELL...
rcookie says():AND THIS PART SPEAKS TO THE WB "EASE OF DOING BUSINESS RANKINGS" AND SHOWS HUGE PROGRESS!!..
rcookie says():THE MINISTRY OF AGRICULTURE IS OVERSEEING WATER RESOURCE INVENTORY MANAGEMENT OF LAND ALLOCATED FOR THESE PURPOSES IN ALL PROVINCES...
INCLUDING KURDISTAN...AND IMMEDIATELY BEGIN TO EMPLOY GRADUATES OF AGRICULTURAL COLLEGES & UNIVERSITIES FOR THESE PURPOSES...BY DIRECT CONTRACT OR THROUGH PRIVATE SECTOR PARTNERSHIP...
rcookie says():THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS...
1ST A SWITCH TO A PRODUCTIVE ECONOMY...
AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACURATE , TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION....
rcookie says():THAT REPORT WAS RIDICULOUS...
rcookie says():AND WAIT TILL YOU SEE HOW THIS TIES IN TO ANOTHER REPORT WE HAVE,,,
Hutch says():THE FLOAT ARTICLE...AUCTIONS DATA..."DIRECTING CUSTOMS" RTICLE AND " REFORM PLANS AWAITING ALLOCATIONS AND MECHANISMS OF ACTION" ARTICLES....
Hutch says():What does it mean to float the currency?
July 25, 2016 in the me
Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.
And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.
Hutch says():Forms of flotation Either be floating or purely be directed:
- Pure flotation: are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.
- Flotation prompt: is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.
Supporters of flotation
For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically.
Hutch says():And they see these economists, like the neoclassical trend in the economy, that the liberation of all prices -osar goods and services, interest rates, labor prices (wages), foreign exchange rates (exchange rates) - and leave the identified markets without any interference or direction from the state, always ensures access to state of balance.
This stems from the belief in blind efficient markets, despite the fact that economic reality has proved more than once that the markets in the absence of oversight and control lead to disaster ( the mortgage crisis real estate in the United States model).
And justify those convinced the currency float , saying that any trade deficit will lead to an intense demand for foreign currency, which will lead to devaluation of national currency against foreign currencies, and thus to enhance the competitiveness of the country concerned.
This sponsor, they say, increase exports and reduce imports, Viatdl so the trade deficit is due to a state of balance. The same logic works in reverse direction if there is a trade surplus.
Hutch says():Supporters of the flotation was welcomed very much the adoption of major economies in the world to systems of floating exchange rates (flexible), after the collapse of the Bretton Woods agreement in the seventies of the last century, which had been laid down by the International Monetary system based on fixed exchange rates (but adjustable) between currencies.
Context switching
Bretton Woods system cracked in the summer of 1971 after the United States formally reneged on its commitment to transfer all traded in dollars to the world's gold, according to the price specified by the Convention in 1944 (US $ 35 each equivalent ounces of gold.
Nhart the value of the dollar for gold did greenback -gar gold - backed and controlled exclusively for the accounts is monetary policy the US without any regard for the interests of the rest of the world an international standard has the confidence of everyone.
Hutch says():Maintaining a fixed exchange rate against the dollar also has become extremely difficult for many of the economic powers in the world, the latter began to adopt a floating exchange rate system under which left free to determine the value of the foreign exchange market based on supply and demand law.
Disappointment
After several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), the currency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize.
Artificially low exchange current moved far from the supposed level that leads to a balance, and the biggest proof of that is the size of global imbalances (Global Imbalances), which reached record levels and still are resistant to treatment.
The United States and some European countries as well as many developing countries known as the case of a structural trade deficit for several decades, and in return you know China , Germany , Japan and oil - exporting countries trade surplus structurally.
Hutch says():Instead of floating currencies that ensures a rebalancing of international trade relations, the world knew the case of monetary instability due to the continuing exchange rates and fluctuations big change, which is sometimes subject to any rational logic because of the psychological factors that frame the movement of global speculators.
Al Jazeera
rcookie says to wmawhite():MR WHITE....DOES THAT REPORT SOUND BEARISH ON FREE FLOAT THEORY...
wmawhite says():One moment....
wmawhite says():Maintaining a fixed exchange rate against the dollar also has become extremely difficult for many of the economic powers in the world,
rcookie says to wmawhite():DOLLAR IS SOARING..
wmawhite says():This article tells us that the larger GDP countries are those that will float their currency....
wmawhite says():Those with smaller GDPs choose to monitor and control the valus....
wmawhite says):value and maintain its value....
wmawhite says():finished
david334 says():any suggestion that smaller asset rich countries back their currencies
wmawhite says to david334():Disappointment
After several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), the currency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize.
wmawhite says to david334():The smaller.....developing countries have chosen the manage their value through supply and demand.....
1bobby says():With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float. A fixed rate gives them some breathing room
wmawhite says to 1bobby():IMO,..........Iraq/CBI will not float/free float the IQD.
wmawhite says to 1bobby():The CBI could/can depegged if they want to in the next minute, if that is what is best.
1bobby says():cool. Thank you
rcookie says():EXACTLY ....OPTION ON THE TABLE..
david334 says to wmawhite():Thanks
wmawhite says():yw
rcookie says():GREAT ANSWERS MR WHITE......UM...PROFESSOR!!
wmawhite says():LOL
david334 says to wmawhite():Speaking of supply and demand what is happening to the dinar notes once exchanged for $
david334 says to wmawhite():atr the auctions
wmawhite says():first.......remember, are you planning on exchanging in Iraq? Of course not.......because you will not get the USD.....so you will exchange outside of Iraq? Correct?
david334 says to wmawhite():autions I thought were internal
wmawhite says():so those IQD notes will be outside of Iraq the CBI will not see them.......
wmawhite says():They become assets of ..........the US.Canada.......UK........France, etc.
david334 says to wmawhite(): thank Professor White seriously thx
wmawhite says():Remember,......remember, ........banks.........central banks...........hold foreign currency reserves............they are assets.
david334 says to wmawhite():Yes sir
wmawhite says():yw
rcookie says():A PRIVATE SECTOR INDEPENDENT BODY WAS CREATED IN ORDER TO IMPLEMENT THE GOV'T'S PLANS THAT WERE DESIGNED TO STIMULATE AND SUPPORT PRIVATE SECTOR AND COORDINATE ALL OF THE ACTORS
INCLUDING A UNIFIED COUNCIL OF ALL UNION AND ORGANIZATIONS UNDER THE SUPERVISION OF THE LEGISLATIVE, JUDICIAL AND EXECUTIVE POWERS...
AS WELL AS MONITORING FINANCE OPERATIONS FOLLOW UP ASSESSMENT BY INDEPENDENT INTERNATIONAL FIRMS....
wmawhite says():This is the latest IMF loan..............
rcookie says():ALNASIRI STRESSES THE NEED FOR GENERAL COINCIL COOPERATION RO STIMULATE HOUSING THROGH BAGHDAD AND OTHER PROVINCIAL AUTHORITIES TO ALLOCATE RESIDENTIAL LAND PLOTS AND THE STRATEGIC PLANNING OF MODERN CITIES AND RESIDENTIAL COMPLEXES THROUGH COORDINATED PRIVATE SECTOR INVESTMENT...ESPECIALLY TO LOW INCOME XIYIZENS TO E OVERSEEN BY WORLD BANK THROUGH THEIR FUNDING OVERSIGHT...
rcookie says():WE HAD MORE NUMBERS TOWARDS THESE LAND PLOTS YESTERDAY AND HAVE MORE TODAY AS WELL...
rcookie says():AND THIS PART SPEAKS TO THE WB "EASE OF DOING BUSINESS RANKINGS" AND SHOWS HUGE PROGRESS!!..
rcookie says():THE MINISTRY OF AGRICULTURE IS OVERSEEING WATER RESOURCE INVENTORY MANAGEMENT OF LAND ALLOCATED FOR THESE PURPOSES IN ALL PROVINCES...
INCLUDING KURDISTAN...AND IMMEDIATELY BEGIN TO EMPLOY GRADUATES OF AGRICULTURAL COLLEGES & UNIVERSITIES FOR THESE PURPOSES...BY DIRECT CONTRACT OR THROUGH PRIVATE SECTOR PARTNERSHIP...
rcookie says():THE ATTAINMENT OF THIS GOAL WILL ACHIEVE 2 THINGS...
1ST A SWITCH TO A PRODUCTIVE ECONOMY...
AND 2ND IS SOCIAL AS AS YOUNG GRADUATED GO DIRECTLY INTO JOB MARKET WHICH WILL BE TRACKED THROUGH THE IMPLEMENTATION OF ELECTRONIC FORM AND APPLICATION PROCESS WHICH BY THE WAY WILL LEAD TO PURER..RAW..ACURATE , TRANSPARENT AND TIMELY ECONOMIC FIELD DATA THE IMF, WB, AND WTO HAVE CALLED FOR AND TRAINED IRAQ ON THROUGH METAC WORKSHOP PARTICIPATION....
rcookie says():THAT REPORT WAS RIDICULOUS...
rcookie says():AND WAIT TILL YOU SEE HOW THIS TIES IN TO ANOTHER REPORT WE HAVE,,,
Hutch says():THE FLOAT ARTICLE...AUCTIONS DATA..."DIRECTING CUSTOMS" RTICLE AND " REFORM PLANS AWAITING ALLOCATIONS AND MECHANISMS OF ACTION" ARTICLES....
Hutch says():What does it mean to float the currency?
July 25, 2016 in the me
Floating currency is to make the exchange rate of the currency as an editor in full, so that the government does not interfere , or the central bank in the determined directly. But it is automatically excreted in the currency market by supply and demand mechanism that allows for the identification of the national currency exchange rate against foreign currencies.
And fluctuate prices of floating currency exchange constantly change with each witnessing supply and demand for foreign currency, so it can be changed several times per day.
Hutch says():Forms of flotation Either be floating or purely be directed:
- Pure flotation: are left to determine the exchange rate to market forces and the mechanism of supply and demand in full, and the state refrain from any direct or indirect intervention.
- Flotation prompt: is left to determine the exchange rate to market forces and the mechanism of supply and demand, but the state intervenes (via the central bank) as needed in order to guide the exchange rates in certain directions by influencing the size of the offer or demand for foreign currencies.
Supporters of flotation
For as long as theorists monetary school defended in economics ( Milton Friedman model) for floating currencies, claiming that the liberalization of exchange rates will make it reflect the economic fundamentals of the various countries (growth, trade balance, inflation , interest rates), and will lead it thus to restore the balance of relations and business accounts of current transactions continuously and automatically.
Hutch says():And they see these economists, like the neoclassical trend in the economy, that the liberation of all prices -osar goods and services, interest rates, labor prices (wages), foreign exchange rates (exchange rates) - and leave the identified markets without any interference or direction from the state, always ensures access to state of balance.
This stems from the belief in blind efficient markets, despite the fact that economic reality has proved more than once that the markets in the absence of oversight and control lead to disaster ( the mortgage crisis real estate in the United States model).
And justify those convinced the currency float , saying that any trade deficit will lead to an intense demand for foreign currency, which will lead to devaluation of national currency against foreign currencies, and thus to enhance the competitiveness of the country concerned.
This sponsor, they say, increase exports and reduce imports, Viatdl so the trade deficit is due to a state of balance. The same logic works in reverse direction if there is a trade surplus.
Hutch says():Supporters of the flotation was welcomed very much the adoption of major economies in the world to systems of floating exchange rates (flexible), after the collapse of the Bretton Woods agreement in the seventies of the last century, which had been laid down by the International Monetary system based on fixed exchange rates (but adjustable) between currencies.
Context switching
Bretton Woods system cracked in the summer of 1971 after the United States formally reneged on its commitment to transfer all traded in dollars to the world's gold, according to the price specified by the Convention in 1944 (US $ 35 each equivalent ounces of gold.
Nhart the value of the dollar for gold did greenback -gar gold - backed and controlled exclusively for the accounts is monetary policy the US without any regard for the interests of the rest of the world an international standard has the confidence of everyone.
Hutch says():Maintaining a fixed exchange rate against the dollar also has become extremely difficult for many of the economic powers in the world, the latter began to adopt a floating exchange rate system under which left free to determine the value of the foreign exchange market based on supply and demand law.
Disappointment
After several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), the currency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize.
Artificially low exchange current moved far from the supposed level that leads to a balance, and the biggest proof of that is the size of global imbalances (Global Imbalances), which reached record levels and still are resistant to treatment.
The United States and some European countries as well as many developing countries known as the case of a structural trade deficit for several decades, and in return you know China , Germany , Japan and oil - exporting countries trade surplus structurally.
Hutch says():Instead of floating currencies that ensures a rebalancing of international trade relations, the world knew the case of monetary instability due to the continuing exchange rates and fluctuations big change, which is sometimes subject to any rational logic because of the psychological factors that frame the movement of global speculators.
Al Jazeera
rcookie says to wmawhite():MR WHITE....DOES THAT REPORT SOUND BEARISH ON FREE FLOAT THEORY...
wmawhite says():One moment....
wmawhite says():Maintaining a fixed exchange rate against the dollar also has become extremely difficult for many of the economic powers in the world,
rcookie says to wmawhite():DOLLAR IS SOARING..
wmawhite says():This article tells us that the larger GDP countries are those that will float their currency....
wmawhite says():Those with smaller GDPs choose to monitor and control the valus....
wmawhite says):value and maintain its value....
wmawhite says():finished
david334 says():any suggestion that smaller asset rich countries back their currencies
wmawhite says to david334():Disappointment
After several decades of the adoption of a floating exchange rate systems and disseminated to a large number of countries around the world (including developing countries), the currency was floated promises rebalancing has been done to the trade balances of the world, the hopes of his supporters did not materialize.
wmawhite says to david334():The smaller.....developing countries have chosen the manage their value through supply and demand.....
1bobby says():With the IMF endorsing the peg to the USD, how difficult will it be for Iraq to go to a float? And on that note, how hard would it be for Iraq to control/work with that float. A fixed rate gives them some breathing room
wmawhite says to 1bobby():IMO,..........Iraq/CBI will not float/free float the IQD.
wmawhite says to 1bobby():The CBI could/can depegged if they want to in the next minute, if that is what is best.
1bobby says():cool. Thank you
rcookie says():EXACTLY ....OPTION ON THE TABLE..
david334 says to wmawhite():Thanks
wmawhite says():yw
rcookie says():GREAT ANSWERS MR WHITE......UM...PROFESSOR!!
wmawhite says():LOL
david334 says to wmawhite():Speaking of supply and demand what is happening to the dinar notes once exchanged for $
david334 says to wmawhite():atr the auctions
wmawhite says():first.......remember, are you planning on exchanging in Iraq? Of course not.......because you will not get the USD.....so you will exchange outside of Iraq? Correct?
david334 says to wmawhite():autions I thought were internal
wmawhite says():so those IQD notes will be outside of Iraq the CBI will not see them.......
wmawhite says():They become assets of ..........the US.Canada.......UK........France, etc.
david334 says to wmawhite(): thank Professor White seriously thx
wmawhite says():Remember,......remember, ........banks.........central banks...........hold foreign currency reserves............they are assets.
david334 says to wmawhite():Yes sir
wmawhite says():yw
Hutch says():ON TONIGHTS CALL…. I WILL BRING INTO THE CHATROOM A LIST OF NEWS THAT WE WILL BE TALKING ABOUT, PRIOR TO THE CALL. PLEASE REVIEW AND BE READY WITH QUESTIONS AS WE COVER THEM. POST YOUR QUESTION INTO THE CHAT ROOM IN THE CATEGORY AND WE WILL DISCUSS FOR YOU !
NEWSTIME CALL @ 7:30pm cst LIVE NEWSTIME CALL
POST YOUR QUESTIONS INTO THE ROOM AS WE DISCUSS THEM ! 641-715-3640 pin# 528733 #
tarheeltim says():can we ask any type of question off these topics? I am new and don't really know how it works
Hutch says():COMING UP SOON DURING OUR AFTER CHAT LIVE WHICH IS NEXT
Hutch says():WHATS YOUR QUESTION?
tarheeltim says():This may sound absolutely crazy but I believe that the US has some influence over economic decisions in Iraq. I do not believe that the US has complete control but some influemce. My question is, do you think that the O administration might try to use this as possible fuel to infuence and sway the election? A substanial reduction in the deficit would speak volumes to on the fence voters. I know that sounds like conspiracy crazy stuff, my bad
Hutch says():TUNE INTO THE CALL
Hutch says():FOR YOU TIM
Hutch says():WHAT AN EXCITING NEWSTIME !!!! SO MUCH GREAT NEWS!!!!!
THANK YOU RCOOKIE AND MR WHITE FOR A GREAT NEWSTIME!!!!!
Read More :http://ift.tt/2arUo0t
NEWSTIME CALL @ 7:30pm cst LIVE NEWSTIME CALL
POST YOUR QUESTIONS INTO THE ROOM AS WE DISCUSS THEM ! 641-715-3640 pin# 528733 #
tarheeltim says():can we ask any type of question off these topics? I am new and don't really know how it works
Hutch says():COMING UP SOON DURING OUR AFTER CHAT LIVE WHICH IS NEXT
Hutch says():WHATS YOUR QUESTION?
tarheeltim says():This may sound absolutely crazy but I believe that the US has some influence over economic decisions in Iraq. I do not believe that the US has complete control but some influemce. My question is, do you think that the O administration might try to use this as possible fuel to infuence and sway the election? A substanial reduction in the deficit would speak volumes to on the fence voters. I know that sounds like conspiracy crazy stuff, my bad
Hutch says():TUNE INTO THE CALL
Hutch says():FOR YOU TIM
Hutch says():WHAT AN EXCITING NEWSTIME !!!! SO MUCH GREAT NEWS!!!!!
THANK YOU RCOOKIE AND MR WHITE FOR A GREAT NEWSTIME!!!!!
Read More :http://ift.tt/2arUo0t
via Dinar Recaps - Our Blog http://ift.tt/2atEdMN
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