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Sunday, October 23, 2016

KTFA UPDATE, 23 OCT


Inneedofgrace:  Hey Backdoc,  Cubs last won the World Series in 1908, when they win this year 108 years would have passed. I think I see a pattern. What do you think?  

BACKDOC:  YES, THE PATTERNS OF SUCCESS ARE ALL AROUND US.  CURRENCIES ARE ADJUSTING AS I'VE BEEN SHARING FOR SOME TIME. THE POUND CONTINUES ITS PATH TOWARD PARITY.
 
REMEMBER OBAMA SAID HE WANTED A "LEVEL PLAYING FIELD"!
 
THE EURO WILL CONTINUE TO SLIDE  AS WELL WITHOUT A DEFINITIVE END TO QE AT THIS TIME! 
 
THE LARGEST ITALIAN BANKS ARE IN A FINANCIAL CRISIS. 
 
DEUTCHE BANK IS WORTH LESS THAN IT OWES, AND CHINA IS TRYING TO AVOID THEIR BUSINESS DEBT CRISIS FROM GETTING OUT OF HAND. 
 
CHINA IS ALSO DROPPING THE YUANS' VALUE TO THE DOLLAR TO 2010 LEVELS!  THESE ARE CERTAINLY PATTERNS OF CHANGE!  
 
I SUSPECT THE CHANGES WE ALL HOPE TO SEE ARE CLOSER THAN WE MIGHT THINK BASED ON THE "ACTIONS THAT MEAN THINGS!" HEE HEE  DOC   IMO


ole:  Oh I love when articles come out saying buying IQD is a scam... lol how can buying a currency be a scam? If you don't want it anymore, you can still get rid of it... not much of a scam lol... some people are just thick in the head lol...

Just go on IMF's website and study their AGENDA for the IQD... it's so obvious IMO... just wanted to say that, because I ran into some hilarious articles whose authors are just so misled and uninformed... they think we "dinar holders" just base our investment off of fake "deep government intel"... and we are oblivious...

I have no more words to say... but I do have some giggles... LOL... Family if you see these articles and get discouraged..... just don't... lol... Lord help me feel compassion for these people... they are not perfect I know that. But if any of our KTFA family is discouraged from these lying articles, remove that discouragement and replace it with your hope.

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The Greentree:  Ahhhhhh     sweet sweet nothings in my ear 

"Speeding up the completion of economic laws"....
"budget transparency "
"ensure the achievement of
macroeconomic stability, financial stability..."


Niffi:  Or sweet "somethings"

Don961:  Economic laws to secure new revenue for the state treasury

23/10/2016 0:00   BAGHDAD / Farah pumice

seeking for economic and investment commission to push for the adoption of new laws provide new income to the state treasury and is working to develop actually investment in the country.

According to the Chairman of the Committee MP Ahmad al- Kanani, the Committee discussed at its last meeting, the drafts (draft census law for the purpose of submission to read second, the enterprise Agency Regulatory Act for the purpose of lifting the first reading a draft Iraqi Commission Act to adopt in order to submit it for the second reading, the draft second amendment to the Law of the Federation of Chambers of Commerce Law No. (43) for the year 1989 for the purpose of submission to a vote).

"The Committee in order to expedite the enactment of laws economic and investment character addressed the relevant authorities in the government for the purpose of speeding up the completion of economic laws items and submit them to the House of Representatives in order to acknowledge the shortest possible time. "

Kanani said that" most economic laws, which allocates the Commission is very important legislation as they relate to the country's economy and the development of fact ,investment and insurance new sources of income to the state treasury, as well as a project of Statistics Act , which delayed legislation period we see a very long and it is time to approval being will provide all the data upon which the government in the conduct of its affairs, preparation of future plans. "

in the meantime, the House of Representatives is moving to approve Administrative Law Finance , which regulates financial matters of the state.

chairman of the parliamentary finance committee Mohammed Halbusi pointed out that " the law came for the purpose of organizing rules and procedures that financial and accounting management control in the field of planning and preparation, implementation, control and audit of the general budget of the Federal and directing all federal revenues to the public treasury to cover the spending year."

the law also works to "identify and units of internal control link from the administrative and technical standpoints and the development of mechanisms for the implementation of budgets and the commitment of both an executor and determine the responsibility of the Ministry of Finance in the implementation phase as well as setting specific dates for the submission of trial balances and closing accounts and commitment to the principles of the budget

(budget transparency and comprehensiveness of the budget and the unity of the budget the annual budget and the lack of customization) when creating and implementing the federal budget and related matters to ensure the achievement of macroeconomic stability , financial stability and strengthen the budgetary resources and improve the efficiency and effectiveness of spending and ensure that cash management to optimize and improve the quality of the budget information provided to the House of Representatives
and the citizens. "

http://www.alsabaah.iq/ArticleShow.aspx?ID=125326

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Samson:   Jubouri announce delivered in 2017 and the budget session of Parliament to include them tomorrow

Jubouri announce delivered in 2017 and the budget session of Parliament to include them tomorrow 10.23.2016 14:00

Announced Parliament Speaker Salim al - Jubouri, the parliament received a draft general financial state budget law for 2017 from the government.

Jubouri said in a statement received by all of Iraq [where] a copy of " The House of Representatives received the draft general budget and faced with its inclusion on the agenda of the Council meeting of business for the day on Monday."
 
The head of Alorza Haider al - Abadi, announced after the cabinet meeting last Tuesday "View project budget bill to the House after making amendments to it , "revealing" reduce the amount of the budget deficit of 32 trillion dinars to 15 Trliuna.

http://www.alliraqnews.com/modules/news/article.php?storyid=51205

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Samson:  Statement by the IMF on Zimbabwe

October 21, 2016

Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF) made the following statement on Zimbabwe:

“On October 20, 2016, Zimbabwe settled its overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT) of the IMF. Zimbabwe had been in continuous arrears since 2001.

To settle these obligations, which amounted to SDR 78.3 million (about US$107.9 million), Zimbabwe transferred part of its SDR holdings kept at the IMF to the PRGT account. Zimbabwe is now current on all its financial obligations to the IMF.”

http://www.imf.org/en/News/Articles/2016/10/21/PR16463-Zimbabwe-Statement-by-the-IMF

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