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Saturday, August 15, 2015

TNT: SO DID THE IRAQI'S GET PAID TODAY? 8/15, AB SAYS... BY OKROCKS , 15 AUGUST

SassyD wrote RayRen said it's been 'reported' that they got paid. ..... He always likes three confirmations before claiming as 'fact' !!

 ALREADY BLESSED wrote JUST TALKED TO TONY AGAIN TO VERIFY THIS - WE ARE GETTING CONFLICTING INFO ABOUT IRAQI'S BEING PAID !!!!
  
ALREADY BLESSED wrote
1m ago   
   
MAYBE YOU GUYS CAN REPOST THAT WHEN OTHERS ASK?

okrocks wrote I guess that would be a maybe wink

MY LADIES CHAT UPDATE WITH NOVA & MEMPHIS, 15 AUGUST

MVL:  Crazy question: Martin Armstrong  maintains that pegs don't last forever. A good example is what the Swiss did this past spring. China has let the yuan slide; what's to keep them from de-pegging from the dollar altogether, once they are using CIPS?

MEMPHIS: The actions of China this week are in fact a de-facto breaking of the USD peg.  I believe we are already witnessing it.  The answer to your Q Mike is of course: "nothing".

IMO tho an official break won't happen soon and a way to measure the timeline might be any evidence that they are further lowering their reserves in USD.

As to Armstrong's assertion that all pegs fail?  I doubt many could explain WHY this statement is true and yet the answer is right there in front of us.  It goes back to Adam Smith's invisible hand and a basic tenant that ALWAYS holds true:
....
Any sovereign nation will (in the extremes) always act in it's own best interest.  This gets to the heart of why a global reserve currency can never last IF it belongs to any one nation or more to the point; to the degree that the US must act in IT'S own best interest (domestic mindset) then the world at large suffers.

No conspiracy's at work, simply sovereign interests playing out.

The rubber band is getting tight.

MEMPHIS:  Another thought along these lines:

The press has been quite slanted on China's currency move and yet the rumors being laid out don't hold up to close scrutiny!

Consider that the entire globe (economically of course) is contracting.  the reasons for this are many and I have spoken to them often in trying to point folks to this trend.  Given this global reality does it really seem so simple (so linear) to deduce that China did this to screw the world and boost it trade?

Such thinking can only be true to the extent that an unlimited number of buyers exist and in a world beset with deflation THAT statement is not true!

We must think deeper and harder and that hurts too much for the average "expert".  ;(

Continue to stay close to Armstrong and I promise you will stay on point and close to the truth.

When we read that the sky is falling because China is bumping close to a 10% currency reduction we ought to drop our newspaper and begin doing what?  Asking questions!

Is this within the range of normal or "to be expected" or is it truly a case of China being divergent?  Well, how much has the Euro slid against the USD this year?  Almost 10% you say?   hmmm.  And the $A has slid 13% in 2015?

All of these facts (and many many more) were contained within articles brought HERE this week by Princess and others.  We simply (and this is my challenge) must all see the value in these things and that comes by 1st having the questions in our mind.  (highfive)

MVL:  Thanks, Memphis. ;) I'm inclined to agree it's not a tomorrow thing for China, but possibly a ways out yet.

MY LADIES: CORRECT MEMPHIS THE SIMPLE ANSWER IS NOTHING IS STOPPING ANYONE FROM DEPEGGING.

AND MVL IN FACT THAT IS THE TOTAL PLAN WHERE EVERYONE WILL DEPEG FROM THE DOLLAR WHEN THE INDEX BECOMES THE SDR MODEL. INSTEAD OF A SIGULAR COUNTRY PEG THERE WILL BE A BASKET.

MVL: Awesome. Thanks, ML

PrincessDD:
  Depeg-To remove a previously instituted peg on a currency. For example, if Currency A is pegged to Currency B at a 1:1 ratio, but the central bank for Currency A decides to let it float, it is said to be depegged from Currency B. Depegging may occur if the peg is causing inflation or if the central bank is unable to sustain the peg for other reasons.

MEMPHIS: OK, while my 1st coat of paint dries here is one more reality regarding currency pegs. (I write this because it is a key to seeing what's playing out in China and elsewhere)

A currency peg is simply an effort to manipulate, to control, to ignore the business cycle. More on that in a minute but we must not elevate such a thing to any high plane. 

China's central planners are unique in that they appreciate, understand, and to a large extent work within, the business cycle.  What is the business cycle?  It is that unstoppable force that cannot be ignored.  Man can (and does!) manipulate markets for a time but in the end the business cycle will always have it's way.  When we see a sudden crash or fall in financial markets we are witnessing the business cycle.....winning.

In a broad view this is what I see unfolding behind all of China's recent actions; that thing which is driving their decisions.  What we might call a bubble can be viewed as pressure; an imbalance of capital, caused by man's many manipulations and in their markets (bonds & equities) China has been PROACTIVE in allowing some of this pressure to be released.

This is consistent with long term planning and is (among other things) evidence that they are worthy of "confidence"!

And confidence does what?  haha, it is the key to everything!

Will their $ be added to the global reserve?  For the above reasons (added to the fact that theirs is the largest economy of the world) it is a certainty.

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

AW:  Question.............what is the effect to the USD as more countries depeg their currencies from the USD?   Hint:........after posting this question, I remembered that NOVA has addressed this question before.

Sager:  I'll take a quick stab. Depeg as a consequence means less use. Less use is less demand, which ultimately means less value. Add the fact that the supply is huge so that doesn't help.

That's just one aspect I would think.  I'm open to be wrong and learn from this

MVL:  Learning opportunity: if the yuan is pegged to the dollar, which it is, then it also is subject to U.S. inflation, and the effects of quantitative easing. That said, times...they are a changing. The dollar is saddled with a lot of debt, and unfunded liabilities.

The yuan's future, as part of a currency basket that includes the dollar, but isn't pegged to it, appears much brighter. This is, of course, dependent upon convertibility at the IMF. The endgame for me is that I'd be better off investing in yuan-based Silk Road debt, than I would be to hold dollar-based investments in the long run. Dear Lord, don't fail me now!

I half-expect either a swat with a paper, a brush with the broom, or a punch in my nose. Just kidding...kind of. Either way, I really want to learn. God willing, I'll have the chance to put it into practice soon...and I know...I know...soon is a relative term. (nerd)

MEMPHIS:
  AW asked: what is the effect to the USD as more countries depeg their currencies from the USD?

As you've phrased this the only answer would be "no effect".  The value of a currency is not directly affected by others pegging relative to it BUT there would certainly be TRUE indicators that would shift.  Most notably...confidence.

I would reword your question and ask can and will the USD continue it's meteoric rise despite moves such as China's?

And the answer to this lies in capital flows.  All indications are that yes, capital will continue to flow into our treasuries.  If we stop here then we can all lay our heads down and purr like kittens tonite but ...

If we then ask why? then we must get into some of the ugliness of the world!  Capital is not so much "flowing" into the USD as it is "fleeing" from other places.  We must not think that this is a marker of a strong US economy ANY MORE THAN to presume that the strong $ is in any way a good thing for our economy.

The $ is not finished rising and as we see Europe and others continue their madness with no end yet in sight we should expect that the trend is not yet near it's end.  All of these forces are actually setting America up for the big fall.  What goes up...must come down.... (handshake)

For a mass exit of nations de-pegging from the USD as you suggested would 1st suggest that it no longer is the preferred reserve.  That day is coming but is not yet.

AW: Thanks, Memphis….. continue to think about your statement:......"As you've phrased this the only answer would be "no effect".  The value of a currency is not directly affected by others pegging relative to it BUT there would certainly be TRUE indicators that would shift. Most notably...confidence."

MEMPHIS:  Sagar your answer touched on many of the forces that must 1st play out before the dollar's funeral can take place!’

AW: Does an increase in depeg from the $ equal a decrease in the use of the $ (as in confidence)?.........we will see.

MEMPHIS:  not so easy to answer.  it is not a linear relationship.  What might be in the best interest of nation A might not hold true for B and C.

For example some might view a FALLING $ as a bad thing and therefore choose to move away from the peg (i.e. Switzerland)

IQD NOVA: How will there be a "Funeral For The Dollar" when the new Banking System that the BRICS have formed is Capitalized with USD and then USD is then Loaned out?

MEMPHIS; good point Nova and further evidence that this topic is not settled by one liners. The death of the USD is not a thing that I subscribe to and has been put out there by folks who have not seen the world as a whole!
MY LADIES:  ISOLATION OF THE DOLLAR IS NOT A QUESTION OF IF, BUT MORE HOW SOON.

 DEATH OF DOLLAR AND ISOLATION ARE DIFFERENT THINGS, DEATH IS NOT ABOUT TO HAPPEN

CURRENCIES DEPEGGING IS A SOON TO BE FACT..

AND THERE ARE MANY OTHER CURRENCIES ON THE HORIZON OUT SIDE THE YUAN.

CIPS AND SWIFT ARE ONE IN THE SAME ONLY DIFFERENT IN OPTIONS

AND WE CAN PEEL THESE LAYERS BACK ONE BY ONE LIKE AN ONION OR AN ARTICHOKE WHICH EVER YOU PREFER

BUT IT IS IMPORTANT TO UNDERSTAND WE NEED TO LOOK AT THINGS FROM ALL DIRECTIONS AND NOT IN A FISH BOWL

Bandito Rox:  IMF: Yuan reforms could bring China 'quite close' to floating rate

Recent changes to how China manages its currency could bring the country "quite close to a float" in its exchange rate, a top International Monetary Fund official said on Friday in a review of the country's economy.

http://www.reuters.com/article/2015/08/15/us-china-imf-idUSKCN0QK00720150815

MY LADIES:  VERY GOOD INDEED...

BLC NEWS DISCUSSION, 15 AUGUST

Iraqi Prime Minister Haider al-Abadi

[tlm724] Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files

[tlm724] The most important of these files is equipping the army with weapons, selling foreign currency in the Central Bank and granting loans to the provinces

[tlm724] selling foreign currency in the Central Bank

[tlm724] I have been waiting for this !
~~~
[tlm724] According to these sources Haider al-Abadi has emphasized on opening the corruption files of Ahmad Maliki, the son of Maliki. Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya

[cstacy] tlm724 hmm why?

[tlm724] cstacy the CBI needs to be investigated !

[tlm724] Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya

[tlm724] citing Iraqi government sources:

[cat] hmmm

[tlm724] that doesn't mean it's so but we need to watch for any further developements !!

[tlm724] all instituations are under the spot light and lets not forget that Maliki appointed Ali Alak as CBI governor after Turki

~~~

The judiciary declares its support for constitutional formulas for reform initiative Abadi

[tlm724] that the federal judiciary Bakdadtha and members of the public prosecution and its members support the constitutional formulas for the initiative of President of the Council of Ministers of reform. "

[tlm724] thats big, Abadi having the support of the federal judiciary, they will make sure it's done by the book !

~~~

A source close to Ebadi: There whales corruption will be harmed the interests of the movement for reforms and some will strike

[tlm724] Ebadi: There whales corruption will be harmed the interests of the movement for reforms and some will strike

[tlm724] that "they are trying with all their might to block paper reforms"

[tlm724] the second package of reforms that Prime Minister Haider al-Abadi wants to implement, will be launched very soon, where he is currently being prepared for this package, and that will not be the last,

[cat] uh huh

[tlm724] tear them up Abadi !!!!!!!!!!!

[tlm724] more reforms coming !!!!!!!!!!!

[cat] yes

[tlm724] like I said the other day it will ugly but then get MUCH better !

[tlm724] "there are many steps will be taken, and everyone knows that by walking these reforms will not be paved with flowers;

[tlm724] indeed the corrupt will fight tooth and nail, afterall they are fighting for their lives but they will lose !

[tlm724] "the Prime Minister It has all the momentum after the mandate of the people and the reference to march forward these reforms, and that was tough.

[tlm724] the Prime Minister It has all the momentum

[tlm724] and with the full backing of the supreme religious leaders and the judiciary he will get this done !

~~~

Parliament re-five budget to the state treasury and reduce protections to half of its members

[tlm724] Parliament entered in a feverish race with the government in the implementation of the "package of reforms

[tlm724] he decided quickly re about a fifth of its budget and the allocation of the House of Representatives to the state treasury, and reduce the numbers of protection and salaries

[tlm724] *hallelujah* keep the momentum up !

[cstacy] tlm724 yessssssss

[tlm724] New reforms provided by the Government may impose, according to some political blocs, re-look at some of the laws in force, including a review of the constitution, which will make Parliament are busy in finding a "legal adjustments" to pass paper reform, on parliamentary reforms that Congress says it "more In line with the constitution.

[tlm724] indicates that "the reforms made by the parliament and found its way to implementation quickly," noting that "Parliament restored about 300 billion dinars to the state treasury, which represents a fifth of the House of Representatives budget".

[tlm724] as the parliament to reduce the protections in half, from 30 to 15 only element, and identified parliamentary salary of seven million." And find a member of the state law that "the roof of the month came in a paper reformist parliament very adequate," likely that "the end of all Council proceedings before the specified period."

[tlm724] work it boys !!!

~~~

Demanding that the government guarantees to put their deposits in banks and own recent proposes supervision of the Central Bank

[tlm724] advisor to the Prime Minister stressed that the government deposits in banks own situation requires appropriate and the availability of the necessary immunity environment in order to preserve public money

[tlm724] , director of a private bank showed willingness those banks accept government deposits under the supervision of the Central Bank and in proportion to the assets of each and every one of them.

[tlm724] Expert: the majority of government and private banks is ready to receive large deposits

[tlm724] this refers to the private banks being regulated and ready to receive money ( a shot of liquiity) from the CBI's 5 trillion dinar's

[tlm724] stressing the need to" be there suitable and highly controlled by the Central Bank on the use of these funds in general and must be controls directly and precautionary.

[tlm724] Saleh stressed that "the development of government deposits in private banks should be in a suitable environment, and that is gradually with the need to provide the necessary immunity because they are public funds must be preserved."

[tlm724] as they fund these banks they also must take the responsibilty to protect the money as people gradually come around to using the banks for loans etc

[tlm724] The private banks operating in Iraq need for government deposits do not possess sufficient liquidity," expressing his "willingness of those banks accept government deposits and re-injected under the supervision of the Central Bank".

[tlm724] "the government deposits can activate the market and move the economy due to the urgent need for financial liquidity, to the presence of a lot of companies and factories lagging stalled or that can be run through the modernization of its production lines and provide working her hands.
Directorate achieve integrity in Basra adjust staff at the port of Umm Qasr, the issue of financial bribery 

[tlm724] a number of the port of Umm Qasr staff in the case of financial bribery.

[tlm724] this corruption has to stop in order to implement tariffs ! otherwise the money will be gone with the wind !

~~~

Speaker of Parliament reveals another new reforms process

[tlm724] He said al-Jubouri by saying that "the reform process will not be the last," noting that "there are other stages touches the legislation and linked to economic, social and political reality."

[tlm724] legislation and linked to economic

[tlm724] indeed

ELMERF123456 UPDATE FROM TNT, 15 AUGUST

This is BIG from Across the Pond!

Obeidi of the national coalition stated Saturday, demonstrators continued to exert pressure on the government and parliament to achieve full while reforms.
Said al-Obeidi during in the press conference held in the parliament building attended by many in GOI that The desire to reform is found at the House of Representatives. 

They need  courage to break free from the head of the list restrictions, but the demonstrations have given us the  courage and made us vote for the benefit of the citizens THE PEOPLE! regardless of directives From the past BLOCS!

"The seriousness in dealing with the demands of the demonstrators and to achieve the reforms is the duty of the government through the issuance of reservation and the freezing of funds and corrupt ways. The  demands of the demonstrators, serve as a formal complaint, and that is now we've escalated that complaint to international bodies to complete the judicial mechanisms as a means not taken to cover them up!

Obeidi confirmed that "the Iraqi people have lost confidence in government and parliamentary committees set up to investigate the crimes in Spyker or the fall of Mosul because they did not come out with the results  and to restore the rights of its people."

MP for national and explained that "the quota system may mauled  and granted non-efficient and it does not serve the Iraqi people through it," asserting that "the most important step today is to amend the Constitution and rid it of shackling in three provinces and fix  the constitutional reforms NOW!

 Many  of its articles and activation of stalled  laws and the implementation of them on government paper under which the current government was formed and  NOW activating the laws that included includes :accountability and justice, amnesty and political parties be passed which will determine the funding of parties!!!

The demonstrators demanded that al-Obeidi, "the focus of their demands to reform the asylum points and force the government to achieve the reform steps and this is our total focus now!

This is my report from across the pond and it's a BIG ONE and read it and look deep within this message. Wow!  Elmer. 

LANDA GLOBAL UPDATE, 15 AUGUST

ALERT: August 8, 2015

The Chinese historic bonds are being fast tracked for compensation in Hong Kong this week only. Any bonds not submitted for this fast track will be processed at a later time.
The Trust authentication teams are in Hong Kong authenticating these bonds. Any and all submissions will be addressed, and processed for immediate closings. Please send in your package to:
Thank You
LANDA GLOBAL

DINAR GURUS UPDATE, 15 AUGUST

8-15-2015   Newshound Guru Millionday  Article quotes: "Iraqi Prime Minister Haider al-Abadi has sent two letters to the Integrity Commission to have this commission immediately begin investigating on a number of corruption files regarding Nouri Maliki and Baha al-Araji."  "Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered, according to al-Baghdadiya."  SO OBVIOUSLY WE WILL HAVE TO SEE WHERE THIS GOES -- SO I WILL SAY THE ONLY WAY THIS CAN BE VERIFIED IS THROUGH ACTION.  [Did I read that correctly!? "Orders for the arrest of former Iraqi Central Bank director Sanan al-Shabibi has also been ordered..."   I thought Abadi helped Dr. S to get out of charges late last year?]   THE HEAD OF CBI IS APPOINTED BUT WE HAVE SEEN THIS BEFORE -- WE WILL HAVE TO SEE WHERE IT GOES WITH SHABIBI -- I CAN NOT VERIFY THIS.

8-15-20215   Intel Guru Mnt Goat
    I believe Abadi has a new target - that of the Judiciary and Court System of Iraq.  Abadi must deal with the judiciary now in order to get some of these other laws passed and properly deal with much of the corruption.  So how do you judiciously deal with corruption in your ministries if the court system itself is corrupt?   ...Iraq had to be sorted out by Abadi and priorities placed, a plan was designed. He is taking on one bite at a time and being cautious. He now has support (and continues) to have support of the citizens in this work that lays ahead. We know without a shadow of a doubt that there will be no RV without Amnesty and other laws. This is given facts to us. So to get these needed laws implemented Abadi must clean up the crocked judiciary system (as well as his ministers).  Abadi has gotten momentum from the protestors and so it is time now to move forward on these judicial reforms and we should all be jumping up and down with joy. We have waited soooo long for this to happen. 

8-15-2015   Newshound Guru Millionday
   [So what part is yet to be done before they are ready to do the RV. I mean where do we fit in the scheme of things? ONE OF THE REPORTS WE HAD ANNOUNCED THAT WITH THE REFORM LAW BEING PASSED THE IMPORTANT LAWS WERE PASSED TOO --- SO AT THIS POINT MANY THINGS ARE NOT BEING RELEASED -- WE DONT HAVE A DATE OR RATE AND HAVE NOT HAD ONE OR A GUARANTEE BUT --- SO MANY THINGS HAVE MOVED FORWARD FROM WHERE WE WERE --- HUGE PROGRESS.

8-15-2015   Newshound Guru Chattels
    [does Maliki still have a position officially?]  not according to his former legal advisor and others.  Maliki has been referred to as a "former official".

MNT. GOAT UPDATE , 15 AUGUST

UU6729 – “Time to Clean Up the Judicial” by Mnt Goat

Hello Everyone,

In past news letters I talked about the Paris Conference that was held in June of this year and the evaluation of the actions taken by Abadi’s government so far. The results were favorable but there was still much work to do in the area of the reforms mainly in the area of completing the Reconciliation/ unity reforms and others such as the National Guard law, Amnesty, Judicial / Court reforms, Parties Law,  Decentralization, Federation Council, etc, and how I said these were the most controversial of all the reforms.

There was also other needed items on the list too like Tariffs, Investment laws and Banking laws. Much of this we are hearing is scheduled for future parliamentary sessions close at hand, some next week. .
....
These remaining reforms are difficult to implement since they are so interconnected with all the corruption and political leaders who don’t want the changes.

But Abadi gets his power from the people, since power puts increasing pressure on parliament to accept these needed reforms.

So today I believe Abadi has a new target - that of the Judiciary and Court System of Iraq. We will talk mostly about this aspect today. Hope this is okay for all your dinarians since this is very, very  important at the point we are now at.

Abadi must deal with the judiciary now in order to get some of these other laws passed and properly deal with much of the corruption. So how do you judiciously deal with corruption in your ministries if the court system itself is corrupt?

Do you see now what I mean when I say this mess in Iraq had to be sorted out by Abadi and priorities placed, a plan was designed. What is happening is not just coincidental.

He is taking on one bite at a time and being cautious. He now has support (and continues) to have support of the citizens in this work that lays ahead. There is also another problem too as the parliament needs a major shaking up. I expect news of this too any day now. But his will be Jubouri’s job with pressure again from the protestors and crowds on the streets.

The news of today is all Wunderbar !

From it we get a great viewpoint as to Abadi’s next step and where he is going with all this. We know without a shadow of a doubt that there will be no RV without Amnesty and other laws. This is given facts to us. So to get these needed laws implemented Abadi must clean up the crocked judiciary system (as well as his ministers).

But Abadi’s work doesn’t stop here with the judicial and I do not want you to think Abadi is single threading his efforts. In fact it is just the opposite as this guy is multi tasking in many directions and is hard to keep up with him. But some of us know the long term goals and plan and so as we read articles and news briefs it becomes more and more apparent of his next steps. It is almost predictable.

Many of you were shocked at the latest reforms this past weekend by sacking of many of his ministers. I do not understand why you where so shocked. This was all expected. I am trying to constantly tell you what to expect next, as I am today too in this news letter.

So I need to continue now with today’s topic. So let’s look at the judiciary and see what he is doing in this area.

Today’s News


Today is Saturday August 15th and still we have no news of an RV.

There are some intel “gurus” still being persistent on telling you this is our weekend or we should see it by Monday. Really! Folks I am beginning to believe that, in light of everything that has happened this past week, that these “gurus” are either simply nuts or they have another hidden agenda as to why they feel they have to keep you  in a state of hype.

The reality is they know darn well now that their contacts are sending them misleading information. Not only have I told them to be careful over and over again but also this past week was more evidence, enough that it is glaring them in the face that these reforms MUST BE COMPLETED or there will be no RV. So what is there problem? What is their real agenda?

So we know that in this Paris Conference, held last June, the UN and the USA basically said to Iraq that they need to clean up their court system (as well as institute many reforms I will not be talking about today)

So what happened recently to tell us Abadi is targeting the judiciary?

Out pops the resignation of Medhat al-Mahmoud. This judge was bought and paid for by Maliki to decide cases. Some of us watched many of these bad decisions over the years and wondered just what was going on. How could Iraq be so corrupt? One in particular that comes to mind was how the 2014 elections were run and how long it took for any results to be publicized.

We heard way back years ago that Mahmoud was beyond the constitutional age limit for his position as a judge to be residing as the chairman of the supreme judicial council. So why didn’t they just sack this guy years ago? They had a constitutional basis to do it. But who would have to ultimately decide the case? – Mahmoud himself so you know this was not going to happen. Do you remember articles on  this topic?

It is not that easy and anyone who approached this idea was also met with contempt by Maliki. Remember many of those they apposed him openly ended up dead, in the hospital or in prison. So it was not that simple.

But now the tide has turned. A new prime minister willing to make the necessary changes. Abadi has gotten momentum from the protestors and so it is time now to move forward on these judicial reforms and we should all be jumping up and down with joy. We have waited soooo long for this to happen.
Gott segnen das irakische Volk.
Article Follows:

NEWS OF THE RESIGNATION, “MEDHAT AL-MAHMOUD,” CHAIRMAN OF THE SUPREME JUDICIAL COUNCIL     
________________________________________

News of the resignation, “Medhat al-Mahmoud,” Chairman of the Supreme Judicial Council

Palm-sources and satellite channels in a flash revealed the resignation of the President of the Supreme Judicial Council and the Supreme Federal Court judge in Iraq, “Medhat al-Mahmoud” from office.

The Iraqi “Baghdad” channel which broadcasts from Cairo, said head of the Supreme Judicial Council and the Federal Supreme Court in Iraq judge “Medhat al-Mahmoud,” resigned from his post for reasons not disclosed by asserting that the demonstrations in the Iraqi street, causing the resignation of many corrupt in senior positions and presidencies.

This and that “Medhat al-Mahmoud,” the head of the Supreme Judicial Council and the Federal Supreme Court in Iraq was born in 1922 in Baghdad’s Rusafa locality of aluminum Sbabig area.

He completed his primary and secondary school in Baghdad, and graduated from the Faculty of Law degree (honor) in 1958 for the academic year 1959 and practiced law after graduation in the Faculty of Law and served as an officer in the Iraqi army reserve

And it has passed a number of legal and judicial as well as courses outside Iraq appointed supervisor of the Ministry of Justice and Ozzara- 12 / June / 2003.

This did not allow for “news agency palm” confirm the news but said the channel “Baghdadi” satellite, which broadcasts from Cairo and Newsflash revealed the resignation of the head of the Supreme Judicial Council and the Federal Supreme Court in Iraq judge “Medhat al-Mahmoud,” In the case confirm We bring you news health news.

http://www.faceiraq.com/inews.php?id=4085652

 Article Ends

There is more….

Hang on there is another article dealing with Abadi’s efforts to reform the judicial system. I included this article too because it gives us all a flavor of just where Abadi intends to go with these judicial reforms and WHY he is making these moves NOW. Why not a month ago? Why not 6 months ago? Not a year from now, but NOW.

Yesterday Abadi called for the judiciary to undertake "drastic" reforms  to fight corruption. This action was  announced in response to weeks of protests and demonstrations. Abadi is getting his power from the people.

So if you don’t believe me as to why Abadi is NOW taking these measures of judicial reforms. These are his words not mine) and I quote-

"The wide reforms I called for require a just and impartial and firm judiciary to support these reforms," Abadi said. These are his words not mine. Do you believe me now?

So are we going to have an RV this weekend?  Excuse me but,,,,,I don’t think so!

Let us also see what Sistani said in remarks delivered by his representative Abdul Mahdi al-Karbalai on this subject and I quote –

"We would like to point out that one of the most important requirements of the reform process... is reforming the judiciary, as it is an important pillar in completing the package of reforms, and there cannot be true reform without it," So these are Sistani’s words on this subject not mine, not rumor, no hype.  

Do you not think this is also important for the UN and the USA? They are about to significantly revalue the Iraqi  currency and drop tens of billions of investment money in their lap.

And how about the global investors? How are they going to be treated when disputes arise in Iraq? Can they rely on a fair, independent and transparent court system to hear their case and to make a sound judgment? The legal climate must be changed if they expect all these investors to come flocking into Iraq. They must prepare a legal climate conducive for it.

So now do you see why I am asking you to read the article below and why it is sooo important in the progression of the plan to get us our RV.

All these reforms I have referred to for so long must be implemented and so these judicial reforms are a STEPPING STONE, a very important stepping stone to this end game to get all these reform done. In the recent past news letters told you that the reform laws had been stalled. I told you why. I also told you the ones that were the most controversial.

So now Abadi is hitting these areas that are the cause of the delays. He is attempting to rid of these obstacles  and stalling. We all know what these areas are – corruption, sectarianism, favoritism and plain laziness.

What the heck else is he doing if not trying to change the climate in order to get these reforms done by ceasing the opportunity with the protestors. Did you not read the many articles on the stalling of the reforms effort?

Why are the people protesting if  everything is fine and they are going to RV? Help me out here cause I don’t get the insanity of these other “gurus”. If you don’t believe me then you tell me what these recent reforms are all about. I would luv to hear your views and see your evidence. Remember no rumors. I only want facts and sound evidence.

Article Follows:
IRAQ PM CALLS FOR JUDICIAL REFORM REQUESTED BY TOP CLERIC     

AUGUST 14, 2015

Iraqi Prime Minister Haider al-Abadi called for the judiciary to undertake "drastic" reforms to allow it to fight corruption, after the country's top Shiite cleric said such measures were required.

BAGHDAD: Iraqi Prime Minister Haider al-Abadi called on Friday (Aug 14) for the judiciary to undertake "drastic" reforms to allow it to fight corruption, after the country's top Shiite cleric said such measures were required.

Abadi announced a reform programme in response to weeks of protests and to a call from Grand Ayatollah Ali al-Sistani for drastic change, and said judicial reforms requested by the cleric were needed to carry the measures out.

Calls for change by Sistani, who is revered by millions, have shielded as well as influenced Abadi's efforts, as it is politically risky for rival Shiite politicians to publicly oppose measures called for by the top cleric. And the demonstrations - which continued on Friday, with thousands of people turning out in Baghdad and the south - also serve as an impetus for change.

Abadi called Friday for "the judicial authority to undertake a series of drastic measures to guarantee judicial prestige and independence and allow it to fight corruption," his office said.

He said such measures are necessary for implementing his proposed reforms, which are aimed at curbing corruption, streamlining the government and improving services.

"The wide reforms I called for require a just and impartial and firm judiciary to support these reforms," Abadi said.

‘YOU ARE ALL THIEVES’

Earlier Friday, Sistani welcomed Abadi's proposed reforms but said more were required.

"We appreciate that, and hope that these decisions are implemented in the near future," Sistani said in remarks delivered by his representative Abdul Mahdi al-Karbalai. "We would like to point out that one of the most important requirements of the reform process... is reforming the judiciary, as it is an important pillar in completing the package of reforms, and there cannot be true reform without it," he said.

Amid a major heatwave that has seen temperatures top 50 degrees Celsius, protesters railed for weeks against corruption and the poor quality of services, especially power outages that leave just a few hours of government-supplied electricity per day.

On Friday, thousands of people turned out for a festive demonstration in Baghdad's Tahrir Square, expressing support for Abadi's reform drive while calling on him to do more.

The demonstrators waved Iraqi flags and criticised most politicians, while praising Abadi. They chanted slogans including "Out, out, you are all thieves," and "No promises, no guarantees, we want the dissolution of the parliament."

But of Abadi, they said: "Oh Haider, march, march, we are all with you in Tahrir."

Some carried pictures of the premier with the text "All the people are with you."

‘WE WANT MORE’

"Abadi gets his power from the people, and now he has wide acceptance from us, and he has the support of the Marjaiya (Shiite religious leadership)," said activist Mohammed Jabbar. "He does not have any excuse; he should implement the reforms."

"The first reforms are acceptable, but we want more. We want to try the corrupt and get back the Iraqi money that was wasted," he said, also calling for the reform of the judiciary.

Other demonstrators demanded changes including a government of technocrats, and for all the current ministers to be sacked.

Thousands of people also took part in demonstrations in various cities in Iraq's Shiite south on Friday. The demands of the protesters were given a boost last week when Sistani called for Abadi to take "drastic measures" against corruption, saying the "minor steps" he had announced were not enough.

Abadi rolled out his reform programme two days later.

Various parties and politicians have sought to align themselves with the protesters in order to benefit from the movement and mitigate the risk to themselves. But even with popular support for change, the entrenched nature of corruption and the fact that parties across the political spectrum benefit from it will make any efforts extremely difficult.

Abadi warned Wednesday that the reform process "will not be easy; it will be painful," and that corrupt individuals would seek to impede change.

Article Ends

Peace and Luv To Ya All,
Mnt Goat

TNT CHAT UPDATE, 15 AUGUST

TNT:

Already Blessed:
  THIS IS IMPORTANT - I READ THIS ARTICLE THIS MORNING AND THOUGHT ABOUT​ DINARLAND. ANYONE ​CONSIDERING GENERATIONAL WEALTH SHOULD READ THIS -​ THAT ARTICLE WAS REALLY AN EYE OPENER.....GENERATIONAL WEALTH IS SCARY.... SO UGLY FOR A FAMILY TO GO THRU THAT   http://www.townandcountrymag.com/society/news/a3495/trust-issues/

Jersy Boys:  AB - read the article. Thank you for sharing it. My, my... I think the woman who is now living with her hairdresser married a guy with MAJOR issues. For all of us singles out there.... once this pops and we are gazilionaires... think long and hard before marriage... and consider a prenup. That article was a major wakeup call.

Uni345:
  The article about Generational Wealth was very interesting but what do you do when you want to be a blessing to your family post RV . I would like to make sure they are set for life and their children and their children's children. This article is eye opening to a lot of things.
....
JersyBoys:  Uni... get a top-of-the-line trust attorney and take your time creating the trust(s) so they are as you want them

Already Blessed:  UNI- I AGREE.....GO TO THE FIRMS THAT HAVE DEALT WITH THAT FOR DECADES....LONG TIME ESTABLISHED FAMILY WEALTH ADVISORS…. COOKIE CUTTER TRUSTS ARE FOR POOR PEOPLE....OURS WILL NEED TO BE TAILORED TO OUR NEEDS…. THE RIGHT TRUST WILL PROTECT YOUR WEALTH FROM GOLD DIGGERS AND OTHER CHARMING OR BEAUTIFUL SCOUNDRELS AND SCALAWAGS

JersyBoys:  Uni... I believe ther is something called bloodline trusts... check that out.

Already Blessed: 
 GUYS....THE ADVISORS WE KNOW NOW ARE PROBABLY NOT WHO ALL OF US WILL NEED....THEY ARE THE MOM AND POP TYPES WHO DEAL WITH RETIREMENT FUNDS AND COLLEGE FUNDS BUT MANY OF YOU WILL NEED THE TYPE OF ADVISORS THAT BILL GATES AND OPRAH USE AND THEY DON'T ADVERTISE....TAKE YOUR TIME

**********

[  xyz]
 IMF: Yuan reforms may bring China 'quite close' to floating rate... currency value to move as much as 10 percent a week and be close to a rate that markets might set on their own,  http://www.cnbc.com/2015/08/15/imf-yuan-reforms-may-bring-china-quite-close-to-floating-rate.html

[LAS] Baghdad (AIN) –The name of former PM Nouri al-Maliki is mentioned in the final report of the Parliamentary Committee that investigated the fall of Mosul. "Sharp dispute in the meeting among the members of the committee because Maliki’s name is mentioned in the final report, which divided its members to supporters and opponents, a source said to AIN. /End/ http://en.alliraqnews.com/modules/news/article.php?storyid=2704

Normanros :  8:57 AM Urgent Former PM Maliki found guilty of Mosul fall at ISIL hand Published: 2015/8/15 12:35 •    http://en.alliraqnews.com/modules/news/article.php?storyid=2704

SassyD:    The Dodd-Frank Act: a cheat sheet --http://media.mofo.com/files/uploads/images/summarydoddfrankact.pdf

MARTHA UPDATE :My final thoughts about enough is enough, 15 AUGUST

This is and isn't intel but I am sure Tony and AB will let it stay.
Without going thru any personal history,which I have exposed quite a bit thru the last few months, the last 8 months have actually been a repeat of last year. It is also the start,for me, a walk that I was not wanting to take because I did not want to see who I was and was now sort of walking alone but I actually am not.

 This is our year. It has been so designated and sort of a prophecy. It is being called a time of debt forgiveness, a time to re-create and clean up the Earth and a time to also forgive those who have hurt us, but to be compassionate and help teach those who do not understand or dont want to understand where we are and where we are going. I reached a point in April when should have beens did not happen. Dates had come and passed. Even other groups with in our community had deducted the same things and then nothing happened. We all started down the "rabbit hole" and I was getting "pissed" by the moment. My dreams and plans were starting to fall apart and I didnt want that to happen. I had suffered personal losses tied to this investment. I had been harrassed by the PTB and going back to 2014 I was harrassed by some fidiots in this room that I had to go into lurking mode for months.But enough of that.

Do you believe in deja vu? we all experience at some point in our lives and this was lining up with Tony as a repeat of 2013 and 2014! well when May 22,came and June 22 came and things should have happened and even birthdays and anniversaries came and went I said that is it. ENOUGH IS ENOUGH. It was time to take a pro active position;not just for me but all of us at TNT. So now enters July 22,another sign of completion and we are there because little did I know that Abadi was given 3 more months to get the money reform completed. JUly also should have been the 7/7/7 for the IMF, but then we had Iran and Greece. They may have seemed like a distraction but they were very necessary for the re-set of the world monetary system. During this time we went thru repeats of Breton Woods, G-7,G-20 all over again. Our younger generation does not realize the so called power that these groups control over the world. You have read about them and they,like Breton Woods are destroying our financial world and need to be dismantled so they can not control. The Families like the Rothschilds,The banking dynasties and the ruling royalty are being dismantled in their control of world finances. We are hopefully starting a new world where all countries will be on equal footing, financially,even religiously, and peacefully. The sanctions and the cold wars and even the possibilty of a third World War will cease to be.

Okay, my point. WE ARE IN THE MOMENT. THE BUTTON WAS PUSHED LAST WEEK,PERHAPS VERY QUIETLY BUT IT IS DONE.AUGUST IS NOW FOR THE ENTIRE WORLD FOR A RE-ALIGNMENT OF THE WORLD.XMAS,NEW YEARS AND 8/11/2015-CRAZY EIGHTS will be our legacy as well. Realize that on all those dates things did happen to bring this "BABY' to it's birth and rebirth of the country of Iraq. 8/11/2015 was actually the one year anniversary that Abadi was elected to his PM position and he had this one year to pull it all together in the government.
Today is now 8/15-the laws and the money reforms were completed almost 2 weeks ago and today is a payday for their elected officials. on 7/25 we know that they ratified the usage of their new smart/mastercards. We know these cards can be used internationally.

 iInteresting that their banks in Iraq where opened yesterday,Friday, their Holy day or Sabbath BUT in the past with Iraq ascending back into the business world there has been talk of them going back to a regular monday thru Saturday type business sequence. This is not a slap to their religion and no different then for us. We actually have become a seven day a week world and those companies like Hobby Lobby and Chic fillet choice to be closed on Sunday because their corporate ownership is observant of Sunday being their "sabbath" and a day of prayer and reflection. The observant Jews also close their doors here in the US and Israel for the Sabbath.

Today we watch for certain markers that will confirm that things are completed. Iraq"s banks are open and hopefully thecards are working and their officals are paid. Sunday banks and ISX opens and NOW should have a true reality rate to link to the world. We also know that their banks are linked internationally as well. We also that the low denominations are out as well as coins. The forex will be down for the world saturday night into sunday as it comes east to west. The privates are almost completed. The bond money is in the banks. As Tony said we are the internet group which makes us the end of the privates

NOW ANOTHER QUICK LESSON-THIS MAY JUST BE A REINSTATEMENT OF CURRENCY AND NOT A PROFESSED RV 'OF THE RICHESE OF THE WORLD' BUT YOU WILL FIND THE RATES WILL STILL BE GREAT AND YOU HAVE YOUR PLAN B. IF YOU CAN EXCHANGE ONLY WHAT YOU NEED UNTIL AFTER THE NEXT'STORM' HAS COME TO PASS.

We know that the USA is in for a bumpy ride for the next few months between loss of their soverign position, further bank failures with derivatives and actually possible closures like in Greece but it is time for the "CLEAN UP IN AISLE FIVE' TO BE FINISHED1

I want to recommend another book for reading. The book is 'THE HARBINGER' by Jonathan Cahn. This gentleman is a messianic Rabbi who has written a novel that perhaps speaks the truth of what is about to happen here in the United States based on fact,history of our banking world and some prophecy related to the Book of Isiah and the Book of Revelation. We are all adult enough to extract the information and not go crazy about its conclusions. But since we all read the Creature from Jekyll Island call this a continuation of the downfall of the banking dynasties,political fall out,etc.
Well, I have given you enough info to go forward knowing that Tony, DC, Pam and the entire TNT have brought you to this point. Remeber we were never to be included and our govenment wanted to still control us and the world. But along came TNT that became so verbal that we did want a say in equality and we wernt going to let go!!! Yes we have had several roadblocks along the way but we need to thank PM Abadi for pulling together his peopel and government to go forward and re-birth a great country! We have had elder statesman who have helped us along the way one of which is ill at this time and needs our prayers. We still have a major job ahead of us to clean up our government and clean up the earth and to help those that need us.

I rest my case             Martha              ps. it has truly been one H---L of a rollercoaster ride.   VEGAS VEGAS VEGAS