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DINARESGURUS.BLOGSPOT.COM_________________

Sunday, July 26, 2015

MY LADIES CHAT UPDATE, 26 JULY

MY LADIES:  SO LISTEN UP I ALMOST WANT TO SHARE SOMETHING WITH YOU GUYS AND I ALMOST DONT WANT TO ALSO

NOVA AND I ARE LOOKING AT SOMETHING AND SCRATCHING OUR HEADS...VIENNA TRANSLATED IT WORD FOR WORD BUT WE ARE STILL A BIT CONFUSED...

DO YOU WANT TO TAKE A LOOK AT IT???

OK I'M GOING TO POST IT IN ENGLISH AND PUT THE ARABIC LINK, YOU READ IT AND GIVE ME FEED BACK OK???

Memphis:  if it is of interest I will study it
....
MY LADIES:  OK MEMPHIS GOOD...HERE WE GO AND VIENNA TRANSLATED WORD BY WORD SO THERE IS NOTHING LOST IN THE TRANSLATION...

MY LADIES: BANDITO BROUGHT THIS TO ME THIS MORNING

Baghdad scales News

The central bank announced on Sunday his intention to put up bonds for the benefit of the Ministry of Finance worth two billion dollars, and as pointed out that the bonds due and payable by the end of 2016, said it can be used as collateral for loans or facilities require collateral.

The bank said in a statement received / scales News / copy of which he "will ask the delivery term bonds in dollars to the bearer on behalf of the Ministry of Finance, starting from the second of next August to 31 of the same month," adding that "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100,000) US dollars and the total amount of two billion dollars. "

The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity" .anthy 29 / d 25  LINK

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AW:  Are these the soveriegn bonds due to be sold in August 2015?

MY LADIES:  YES AW

PrincessDD:  So August 2nd through the 31st.

AW:  The CBI stated sovereign bonds in August followed by the international bonds in September 2015.

MY LADIES  : THE SALE WILL START 8/2 UNTIL 8/31

NF:  Well we like the 1095 better than 1200 or 1166.  The rest I am going to have to read again.

MY LADIES:  SAME ANIMAL AW…: SOVEREIGN BONDS INTERNATIONAL BONDS...SAME THING

MUNICIPLE 90 DAY BONDS ARE DIFFERENT

MY LADIES: YEP NF 1095 IS BETTER

AW:  I thought that the sovereign bonds were not being sold through the international bond market.

AW:  Oh........ok

MY LADIES:  THOSE ARE THE 90 DAY MUNICIPLE BONDS YOU'RE THINKING OF

JP:  But does 1095 continue to work within the new economic system?

MY LADIES:  DOES 1095 WORK??? HUMMM I SURE DON'T KNOW...I WANT TO SAY NO OBVIOUSLY...BUT I SURE DON'T KNOW

NF:  so if they are the same thing then they are selling international bonds starting 8/2?

MY LADIES:  YES NANCY YOU CAN GO BUY THEM IF YOU WANT...THEY ARE IN 4 DENOMINATIONS AND A CONVERSION RATE OF 1095 - 1

PrincessDD:  Thats one week from today.Things are changing and moving in the right direction it seems.

NF:  wow, that is exciting!  We are REALLY close

MY LADIES: NOVA SAYS THE SAME THING...HUMMMM..

MY LADIES: SOMETHING IS NOT CONNECTING FOR HIM OR ME...THIS COULD BE EXCITING FOR US OR MAYBE NOT...

WELL LET'S TAKE OF THE DINAR GOGGLES AND LOOK AROUND OK??

JULY 30 BRICS STARTS LENDING MONEY

AUGUST 2 BONDS GO ON SALE

WHAT OTHER TIME LINES ARE THERE PRINCESS

Bandito Rox:  Well custom tariff and I know what you are going to say.  By Aug 1st

MY LADIES:  OH RIGHT ALL THE BORDERS ON THE SAME TARIFF SYSTEM FOR AUGUST 1

MY LADIES:  ABADI GOES TO CHINA EARLY AUGUST TO TALK ABOUT INFRASTRUCTURE

ABADI TO CHINA EARLY AUGUST .   http://www.alsabaah.iq/ArticleShow.aspx?ID=97060

JP:  I’m puzzled Mary, how cold 1095 be possible exciting for us??

PrincessDD:   I am looking for proof of the UN declaring chapter 8 status for Iraq tomorrow. Ive heard it but have to see for myself.

SSS:  are we sure these are international bonds?

JP:   Something is not adding up in light of what Turki recently said about returning to pre-2003 rates.  Maybe we are  seeing some deception or political games.

MY LADIES:  EASY...LET'S LOOK AND READ AND TRY TO UNDERSTAND...WHAT WAS SAID BY ANYONE OTHER THE CBI GOVERNOR WE CAN TOSS OUT WITH THE BATH WATER

MY LADIES: OK LET'S READ!!  EVERYONE!! LET'S READ!!

MY LADIES:  OK SIT STILL I HAVE 4 THINGS WE ARE GOING TO LOOK AT TOGETHER HOLD ON

Iraq is seeking to enter the wheat exporters Club
http://www.alsabaah.iq/ArticleShow.aspx?ID=97111

Central invitation to confirm the warnings of risks 
http://www.alsabaah.iq/ArticleShow.aspx?ID=97112

Economic revival requires global investments
http://www.alsabaah.iq/ArticleShow.aspx?ID=97113

Banking behavior
http://www.alsabaah.iq/ArticleShow.aspx?ID=97114

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Central invitation to confirm the warnings of risks
http://www.alsabaah.iq/ArticleShow.aspx?ID=97112

MY LADIES:  WOW!! OK SO NO BIT COIN IN IRAQ OR FACE SANCTIONS,

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Economic revival requires global investments  http://www.alsabaah.iq/ArticleShow.aspx?ID=97113

MY LADIES:  AHA!! DIDN'T ABADI PROMISE TO TRANSFER ALL THE POWERSOF THE MINISTRIES TO THE PRIVATE SECTOR BY AUGUST????

He noted that the most encouraging investment environment rules is to build a real infrastructure, promote the country to the levels required to Iraq occupies a position between the developed countries and help him to continue the development of its economy, and help to reducing its number of ministries and convert some of them to regulatory bodies as is the case in many developed countries, as well as the conversion of the ministries that are the functions Trchigaha to the provinces in support of management decentralization in the country, pointing out that they dealt with the case of redundant early retirement state in all cases responsible for the payment of their salaries and it is best to encourage them to retire early and take advantage of them in the private sector.

MY LADIES:  SO THIS IS THE TRANSFER OF POWERS

WELL ALL OF THIS SPEAKS TO TRADING GLOBALLY AND DOING IT NOW!!


SO WE JUST HAVE TO UNDERSTAND WHAT THE 1095 IS.

AW:  Lets see if on 2 August the CBI reflects the 1095…. or possibly a higher value...........

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MY LADIES:  IRAN FOREIGNER MINISTER TO BAGHDAD TOMORROW

Zarif today in Baghdad
http://www.alsabaah.iq/ArticleShow.aspx?ID=97130

7/27/2015 0:00  BAGHDAD - morning

looking Iranian Foreign Minister, Mohammad Javad Zarif, who will arrive in Baghdad on Monday, a number of issues of common interest between the two files, especially the development of bilateral relations between the two neighbors, and security coordination between Iraq and Iran to meet the challenges and the war against terrorism.

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Lisa: I remember on a past CC, you and Nova spoke about the possibility of a two step process. One to introduce their currency to the int'l market, and then shortly thereafter, raising the value to a true level. Did I remember that right, or not? Perhaps 1095 could be a launching position? Just speculating even though I don't like the sound of it!

MY LADIES:  SO YOU SEE THE CAUSE FOR HEAD SCRATCHING...WE NEED TO SEE WHAT 8/2 BRINGS BECAUSE I HAVE A GNAWING FEELING THEY ARE GOING INTERNATIOMAL AT THAT PRICE FOR NOW.

AND YES LISA YOU ARE 100% CORRECT

AW:  If the value increases during the timeframe these bonds are out, Iraq will come out better.......in other words, it will costs Iraq less to pay off the bonds if the value of the IQD increases during the time frame….. IMO,.....stop worrying........this is good.

MY LADIES:  HUMMM LOOK AT THIS; MORE TALK OF TURNING OVER THE MINISTRIES, SO THIS IS ALL IN THE RIGHT DIRECTION

Cabinet Secretariat looking importance of studying the file collection   LINK

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MY LADIES:  THE BONDS WILL BE PAID IN DOLLARS AT MATURITY

NF:   if paid in dollars then buying a bond is not as interesting to us right?

MY LADIES:  WELL THAT'S THE HEAD SCRATCHING PART NANCY

Grateful Heart:  well all those USD that have been printed have to go somewhere!  first BRICS then Iraqi bonds. Interesting.

MY LADIES:  AND DON'T FORGET EVERY COUNTRY TO DEPOSIT IN USD TO THE AIIB

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MY LADIES:   SOLD IN DINARS AND PAID AT MATURITY IN DOLLARS

The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity" .anthy 29 / d 25

Grateful Heart:  yeah...that doesn't sound like a good deal at all to me...especially if the USD is taking its turn at a re-pricing at that time!   is it possible that will ease the landing?

PrincessDD:  I'm scratching my head on that 1095

Grateful Heart:  It makes absolutely no sense (at face value) for Iraqi bonds to be sold in dinar and paid in USD.  That would be like US bonds sold in dollars but paid in Iraqi dinar!!! I'm excited because it's all part of the process...but that is definitely curious

PrincessDD:  I guess I just don't understand their reasoning in doing that

Lisa:  We may not see the whole picture yet.

HummingBird:  Mary, don't understand the point of the 1095--what would that accomplish--or is it like Nova says "Just get started"

MY LADIES:  HUMMING WHO KNOWS..AUGUST 2ND IS AROUND THE CORNER, THIS IS WHY I WASN'T SURE ABOUT BRINGING IT IN...BUT WE CAN WATCH TOGETHER. AND DOLLAR OR DINAR PAYMENT IS OT THE ISSUE BECUAE 2500 WILL BE 2500 EVEN IN PUMPKIN SWEEDS, IT'S THE INTEREST THAT MAKES THE MONEY...

Grateful Heart:  Well on the 1095 I'm with NOVA..............just start already!  At 1166 or 1095 or whatever!

MY LADIES:  HAHAHAAH...I THINK YOUR RIGHT

AW:   Exactly........then go electronic!!!!

MY LADIES:   RIGHT...LET'S GET SOME MOVEMENT GOING...

MEMPHIS CARE TO WEIGH IN???

JMP:  so the lower the number the higher the value ?

MY LADIES:  RIGHT

Jmp:  would they just sell the bonds outright at that price or take bids on them? If they take bids, then that number could just be the starting point ... like at an auction.

Grateful Heart:  when I pull the article up on chrome and translate it -- I found it interesting the CBI is announcing...on behalf of the Ministry of Finance...and mentioned MoF 3 times.

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MY LADIES:  OK SO LETS READ THE ARTICLE AGAIN....THE BONDS ARE BEING SOLD IN 4 DENOMINATIONS...WHAT ARE THEY????

Grateful Heart:  2500  10000  50000  100000

MY LADIES:  OK SO WE HAVE 4 AND THEY WILL SELL FOR 29 DAYS UNTIL THAT PAPER IS GONE AND THE 2 BILLION IS REACHED

Grateful Heart:  interesting length of the term

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MY LADIES:  HERE WE GO A BIT MORE ON THE SUBJECT

Central bank: a bond offering for the benefit of the Ministry of Finance worth two billion dollars in four categories

http://www.alliraqnews.com/modules/news/article.php?storyid=10867

[Baghdad-where]

the Iraqi Central Bank announced its intention to launch bonds in favor of the Ministry of Finance worth two billion dollars.

According to a statement of the bank today that he "will ask the delivery term bonds in dollars to the bearer on behalf of the Ministry of Finance from the second of next August to 31 of the same month," adding that "Asdarih will be four in 2500 and 10 050 الف and 100 thousand dollars categories and the total amount of two billion dollars. "

He added that he "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance on December 31 2016 to be paid in dollars at maturity."

The crisis cell headed by Prime Minister Haider al-Abadi, decided at its meeting In 15 of July of this start issuing remittances treasury during the remaining months of this year and launch a national bonds to the public and government guarantees and benefits appropriate, in order to enhance the financial position and activate the economy and development movement in the country. "

As Finance Minister Hoshyar Zebari said on 22 June last Iraq He hoped to meet with investors at the end of July Garaard plans on the issuance value of five billion dollars "bonds, stressing that" Iraq has begun promoting these bonds abroad. "

The much-need for government liquidity as expects a deficit of about $ 25 billion this year in size budget of about $ 100 billion .anthy

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AW:  "Asdarih will be four categories (in 2500 and 10000 and 50000 and 100,000) US dollars and the total amount of two billion dollars. "

The bank said it "will sell that amount in Iraqi dinars and the price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity" .anthy 29 / d 25

After reading this for the fifth time, this shows me that the IQD will be sold internationally starting 2 August 2015......................if in fact these are the international bonds. Again, it is saying the amounts (2,500, 10,000 and 50,000 and 100,000) will be sold in Iraqi dinar...........again, it is saying the exchange will be at 1095 IQD per dollar.

Folks,................I know that I am not to get excited.......however, unless I am reading this wrong, it appears that this is informing us of the initial exchange rate of 1095.

MY LADIES:  ALAN I SORT OF AGREE WITH YOU TOO AND LOOK AT THE EXTENDED VERSION OF THE BOND PIECE, THESE ARE THE INTERNATIONAL BONDS OPEN TO INVESTORS ABROAD!

THERE IS 5 BILLION TO BE SOLD AND FOR AUGUST THEY ARE OFFERING 2 BILLION. THE REST TO COME IN SEPTEMBER

AW:  And the weighing of the currency for the new SDR basket is starting soon too.

NF:  this news of international bonds plus the last article of helping ALL people in Iraq and the surrounding areas with Isis has given me hope that the snowball is rolling starting NOW! I for one feel great about the coming months.

Lisa:  I suppose the add'l 3 billion to be sold starting in Sept could be at a different rate? No?

MY LADIES:  YES THEY COULD...

Lisa: That gives me hope beyond the hope of jumping to Intl status.

MY LADIES:  YES LISA LET'S GET STARTED WITH SOMETHING AND ROLL FROM THERE

Jmp:and that Iran tanker is suppose to be at its  destination on 8/1

MY LADIES:   OH VERY GOOD JAN I FORGOT ABOUT THAT...YES YES THE ONE FROM FRANCE

Jmp:   I think "they" have this all planned out

MY LADIES:   YES IT SURE LOOKS LIKE IT'S ALL COMING TOGETHER

Memphis:  ML this may not be what your seeing but this is what I came up with after adding some small paraphrase and re-ordering it a bit to fit what I believe it is saying.  Anyway, I got this:

Baghdad scales News

The central bank announced on Sunday his intention to put up bonds worth $2B USD for the benefit of [the proceeds of which will go to] the Ministry of Finance, and as pointed out that the bonds due and payable by the end of 2016, said it can be used as collateral for loans or facilities require collateral.

[acting] on behalf of the Ministry of Finance, The bank said he "will ask the delivery term [upon maturity of the] bonds [to be payable] in dollars to the bearer, [and to be offered] starting from the second of next August to 31 of the same month,"

adding that "Asdarih [denominations] will be four categories (in 2500 and 10000 and 50000 and 100,000) US dollars and the total amount of two billion dollars. "

The bank said it "will sell that amount in Iraqi dinars and [at] the [discount] price of 1095 dinars per dollar and payable by the Ministry of Finance in December 31 2016, to be paid in dollars at maturity"


Memphis:
  So when I re-order the sentence it reads to me that Iraq's gov't is raising $2B to cover the deficit from decreased revenue this year. 

So if I wanted to purchase a bond from the CBI that will mature in Dec2016 and pay me $50K USD I can purchase this now at a discount.  The discount then reflects my return on investment (ROI) as follows:

The dinar equivalent to $50K USD (at 1166 exchange) would be = 58.3M IQD

however I can secure this bond at a discounted price of 1095 dinars/USD such that the $50K USD bond will require an outlay of only 54.75M IQD.

This then yields roughly a ROI of 6.1% over the span of 16mo.

Memphis:  the whole bond thing is much more in the wheelhouse of others here but as to the message and the intent of the bonds?  This is my opinion. 

MY LADIES:  UMM  HUMMM VERY GOOD THANKS FOR HELPING WITH THE REWORDING, BUT THE FACT REMAINS STILL THAT THESE ARE OPEN TO RETAIL INVESTORS AT ANY PRICE MEANS THE DINAR IS TRADING ACROSS BORDERS.

SO THEN WOULD THIS MEAN 1095 IS THE STARTING TRADE PRICE? WE HAVE TO SEE BUT IT SURE SAYS THAT TO US.

THE WORDING FOR ONCE IS CORRECT AS VIENNA WHOSE PRIMARY LANGUAGE IS ARABIC READ IT WORD FOR WORD...SO THE QUESTION IS STILL IS 1095 THE BEGINNING TRADE PRICE.

Grateful heart:  Both of those explanations makes sense to me.  Get a bond at a discounted rate and small term  AND that 1095 is their starting trade price.  Goes hand in hand

Memphis:  yes and not questioning her translation at all.  I simply re-order as I find that the last thing in a sentence is often meant to be the 1st and so on! 

Of interest (goggle on) is that this is defined as IQD in... and USD out.  It will certainly have the effect of removing large numbers of dinars from circulation. 

MY Ladies:  OH YES...YES IT WILL FOR SURE... ALRIGHT TOMORROW IS ANOTHER DAY AND IT'S THE MIDDLE OF THE NIGHT HERE, SO I'M OFF TO BED..I'M SURE I WAKE UP TO A WHOLE NEW WORLD WHEN PRINCESS GETS TO THE COMPUTER..

GOOD NIGHT ALL AND LET'S SEE WHAT TOMORROW BRINGS.

THANK YOU MEMPHIS FOR WEIGHING IN..IT IS NICE TO SEE YOU PARTICIPATING.

GOOD NIGHT ALL...

DINAR GURUS UPDATE, 26 JULY

7-26-2015   Newshound Guru sczin11   Article:  "Parliament amended the important laws for a vote soon"  Quote:  "The laws that have been modified by agreement of the political blocs, the National Guard is the law and the law of amnesty, as well as other laws,  HUGE STATEMENT! LAWS ARE DONE...NATIONAL RECONCILIATION IS NEXT... WOW....WHAT A POWERFUL RELEASE WITH LOTS OF INFORMATION...WILL WE SEE A TUESDAY AGENDA FULL OF THESE REFERENCED LAWS? 

7-26-2015   Newshound Guru firefly
    ...sovereign bonds are for Iraq, International bonds are for...well... INTERNATIONAL...2 bonds, 2 separate entities.  Sovereign bonds don't interest me. On the other hand, International Bonds should be very exciting for us.  Iraq has put in ink the International bonds will be released in Aug.  Let's see if they stick to their deadline.  I don't give windows or dates but they have to do something and SOON.  I have a hunch we're heading into VERY exciting times with our investment. 

7-26-2015   Newshound Guru Millionday
   Report quote:  "it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals"  THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW.   THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN OPENED -- THIS IS ABOUT THE INVESTMENT ETC SIDE. THE GOALS ARE MASSIVE...OBVIOUSLY A VERY HARD POSITION TO BE IN.  THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING.   [when is this to be implemented?]  THIS IS BEING DONE NOW.   

DEALER OF IRAQI DINAR IN PUERTO RICO UPDATE, 26 JULY

Dealer of Iraqi dinar in Puerto Rico :This is private contracts. If our goal is to get gain to "coin collection" (as the OCIF says) and as prominent economists PR says, "It is high risk", this is an excellent alternative. Profit is profit, period. Let's see who comes first to ARRANCARRRRRRRR .... !! By the way, "Currency swaps" is written in the order 13303. Obviously everything is still high risk - not guaranteed. When? I dont know. How much? Not either. God is Good.
 
What is a currency swap?
A currency swap is an agreement in which two parties exchange flows of foreign currency in time.
ACTIBVA.COM
*****
SPANISH :

De esto se trata los contratos privados. Si nuestro objetivo es sacarle ganancia a nuestro "colección de monedas" (como dice el OCIF) y como dice economistas prominente de PR, "Que es de alto riesgo", esto es un excelente alternativa. Ganancia es Ganancia y punto. Vamos a ver quien cobra primero para ARRANCARRRRRRRR....!! Por cierto, "Currency Swaps" esta escrito en la orden 13303. Obviamente todo sigue de alto riesgo - no garantizados. Cuando? No se. A cuanto? No se tampoco. God is Good.
Un currency swap es un acuerdo mediante el que dos partes intercambian flujos de moneda extranjera en el tiempo.
ACTIBVA.COM

MILLIONDAY CHAT UPDATE, 26 JULY

Millionday: WE HAVE SOME NEWS TONIGHT WE HAVE NEVER SEEN BEFORE

Millionday: WE HAVE SOME VERY INTERESTING NEWS TONIGHT

Millionday: READ EVERY WORD -- VERY IMPORTANT

Millionday: evolution of the concept and content of the state budget over time, is no longer a budget just legislation to legitimize the expenses and revenues in the traditional clauses that were linked to the traditional role of government, it has become an annual plan reflects the plans or the medium and long-term strategies, which are aimed at achieving economic and social goals

Millionday: NOTE -- THE OPERATIONAL SIDE OF THE BUDGET HAS BEEN OPENED -- THIS IS ABOUT THE INVESTMENT ETC SIDE

Millionday: The development, which is of the form and content of the general budget so as to achieve the provision of understanding of the objectives and programs and provide a clear display offers the possibility of monitoring and evaluation and accountability, and can be linked to the general budget expenses and the contribution of those expenditures in achieving progress and growth towards the desired objectives contained in those national plans and strategies in macroeconomic and sectoral and spatial economic dimensions and the extent of progress in the reality of public services and the infrastructure,

Millionday: NOTE -- THIS IS OBVIOUSLY TALKING ABOUT THE ADVANCEMENT BROUGHT BY THE INVESTMENT SIDE /PROJECTS ETC

Millionday: NOTE -- THE ECONOMIC REALITY

Millionday: and what is the developmental harvest could be achieved from the implementation of programs and projects and can shorten the factors that led to the evolution of the concept of the state budget and thus display the following factors Method:

1. The form and content of the state budget is linked to the philosophy of the state in its economic-political, and the role of government - depending on was so in economic and social life, and this role has evolved over time to change the philosophy and governance systems,

Millionday: NOTE -- OBVIOUSLY PARALLEL OF THE PLANNING WITHIN IRAQ

Millionday: , and who arrived in his accession to the government to be in a position (directed and organized) economic and social development after it was their role at the beginning of the emergence of modern governments role (goalkeeper), the upgrading of the role and tasks put governments in a position strategic mind which carries the vision and goals, and then routing turning it into projects and programs in accordance with the models and multiple options (away from the direct role of the government in implementation),

Millionday: NOTE -- AWAY FROM THE GOV CONTROL WITHIN

Millionday: create opportunities and an environment suitable for the advancement economic sectors and social welfare and development through the optimal use of resources, and economic and effectiveness efficiently, which is contained in determining the state budget targets in the light of the developments mentioned above, the following:

Millionday: NOTE -- BENEFITS -- READ EVERY WORD

Millionday: • to achieve sustainable development in order to achieve social welfare.

• encourage productive activities and the reduction of non-activities productivity.

• reduce unemployment and raise social productivity of labor.

• general stability of prices and the reduction of inflation.

• attracting foreign investments.

• increase national income.

• support the trade balance.

• achieve security and economic and financial stability.

• increase the contribution of the private sector in GDP.

Millionday: WHOOPOW --

Millionday: 2. growing human development mission, which is the other evolved from being the provision of humanitarian aid, to include checks for people of offering qualitative and quantitative in their lives, and became a reality and a trend that human development and improve the characteristics of the human is the natural gateway to any real development process, and that man does not have to the ultimate goal of development.

3. The growing human role and civil society organizations to participate in the planning and evaluation and accountability, as the Human Development maker as its purpose and the time itself is a tool for change.

Millionday: NOTE -- CHANGE WITH THE USE OF THE WORKING MAN AND ADVANCEMENTS TO THE GDP ETC

Millionday: 4. The growing role of local authorities in light of the spread of democratic systems, which expands from those roles, and is based on the decentralization of the management and development areas, and the consequent of the division of powers and responsibilities and fair distribution of resources, and empower local administrations administratively and financially, and also enable them to plan and drawing operations policies and programs a private development.

Millionday: NOTE -- THE POWER SHIFT TO THE PRIVATE SECTOR

Millionday: 5. evolution of the concept of control, because of the development of content and objectives of the general budget on the one hand, and because of the development of administrative and financial systems, including the concepts of strategic planning and concepts of efficiency, effectiveness and economic expansion in performance measurement, and the concepts of quality and excellence and public satisfaction .. etc, because of the expansion of the role of citizens in the political, economic and social life and thus their role in control, so no longer control traditional legislative and financial control scrutinize the commitment limits expenditure and income governed by the budget law,

Millionday: NOTE -- THE REVISIONS OF THE ACTUAL BUDGET LAW --- WHOOPOW

Millionday: but the evolution of the concept, content and tools to control the direction of achieving other goals, the goals focus on the achievement of objectives, programs and plans that target the budget and focus on those results in terms of quality, efficiency, effectiveness and Aguetsadatha, check the optimal use of resources within the specific priorities in achieving sustainable development on the basis of social justice and social balance.

Millionday: NOTE -- THE GOAL IS THE IRAQI DEVELOPMENT ECONOMICALLY WITHIN THE BUDGET LAW

Millionday: NOTE -- UNDERSTAND EVERY WORD IS HUGE -- READ IT ALL -- SMILE

Millionday: 6. increased risk due to the large opening of the markets and the complexity of the economic, commercial and financial relations, and the magnitude of the risk as a result of the effects of financial crises that occur in other countries, and increases the depth of the risk in countries that rely on specific source or sources of natural resources -as is the case in oil-producing countries such as Iraq where these countries rely on the basis of resource fluctuations affect prices have a direct impact on revenues

Millionday: NOTE -- THERE IS FEAR IN THE LEAP FORWARD

Millionday: all of that arranges a direct impact in the preparation of the general budget and construction and displayed including indicates the medium and long-term goals in the diversification of the production base, and in diversifying the sources of budget revenues, and short-term goals to deal with the fluctuations and financial crises, and in general is bound to the general budget reflects the ability to hedge risk and flexibility to respond to changes and fluctuations.

Millionday: NOTE -- THEY MUST MONITOR THE EXPECTATIONS AND THE RESULTS

Millionday: 7. addition to what is stated in the above points, the specificity of the situation in Iraq calls for a development entirely in the form and content of the state budget, as the country suffers and citizens of heavy byproducts of large and backwardness in various aspects of life, as the country faces great challenges and serious disorders, and the circumstances of the country in terms of the transition from an authoritarian system to a democratic system in the absence of cohesion institutional, social and the resulting delay, palaces and corruption, all of this calls for the construction of the general budget and presented a way that reflects the extent to respond to the requirements and challenges and phenomena of serious, and in a form that provides information and data readable and measurement,

Millionday: NOTE -- THE HUGE CHANGE IS A RISK/FEAR AND MUST BE MONITORED AS MANY THINGS CAN GO WRONG

Millionday: challenges and phenomena of serious, and in a form that provides information and data readable and measurement, control and Calendar in the clear objectives frameworks and programs and subject to review, monitoring and Althalil.bad this year's review, which we dealt with the justifications and reasons and conditions of the development of the general budget planning and in form and substance, show in below if the federal public budget for Iraq in the light of the over statement, any how close or after of these requirements:

Millionday: NOTE - THESE ARE THE MANY CONCERNS TO BE MONITORED

Millionday: 1. The budget General in the light of other ministries and agencies estimates, which are based on historical data and future expectations are added randomly and in an exaggerated manner so, to provide room for negotiation with the Ministry of Finance (for example, were the ministries and other agencies provided estimates of spending power to the Ministry of Finance more than 300 billion dollars for the year in most years –

no more than state revenues by 4-fold), and the intervention of such requests in and take, negotiation processes to reach a certain number, and influence in determining the amount in some cases,

the power of the bargaining, political or Aguenaia or in person, and if they have reached the estimates approved a primary large deficit, so they can be amounts of allocations truncated by almost uniform to all, without taking into substantive considerations, priorities and commitments, goals and nature of the activity.

Millionday: NOTE -- OBVIOUSLY MORE NEEDS REQUIRE MORE FUNDS -- HUGE CHANGE IN IRAQ

Millionday: NOTE -- THE MANY PROJECTS

Millionday: 2. Although continue to develop short- and medium-term strategy for the budget, and despite the presence of national strategies directly related to the public budget, such as National Development Strategy (for five years), and poverty reduction strategy, and strategy development of the private sector, and strategies sectoral (energy, health, education, labor and social welfare, agriculture, housing, etc. ..), despite the presence of all those strategies which should be reflected in the building the general budget, but we note the almost complete absence of these strategies in the content of the budget and can not display the current method of knowing the extent to which those strategies in the budget.

Millionday: NOTE -- OBVIOUSLY THE GOALS ARE MASSIVE

Millionday: 3. The growing role of public budgets -as Pina- in the expression of economic and social objectives in human development can touch this role in the General Fund, because of the nature of the preparation and presentation of the budget can not stand or identify the answers to important questions such as:

Millionday: OBVIOUS CONCERNS >>>

- What are the economic, social and development goals targeted by the budget? What is the progress that can be achieved when implemented ratios?

- What is Tothiralanvaq in different sectors?

- What is the role of the budget in balance and social justice?

- How check the bridge to gap the shortfall in the infrastructure?

- To what extent match the budget with national strategies allocations and sectoral?

- What is achieved accumulated from previous years to the desired goals?

Millionday: NOTE -- OBVIOUSLY A VERY HARD POSITION TO BE IN

Millionday: - How is the size of the projects included, not only in the annual allocation them but the total allocation for these projects (a total allocations for the projects listed more than 200 billion is not reflected in the budget)?

How is the sectoral and geographical distribution and the extent to which deprived areas? What are the proportions of what actually check them out?

- What are the tax policy? What are the vessels that target? How much is the size of these vessels? What is the ratio of estimated revenue in light of the size of each pot of these vessels?

Millionday: NOTE -- AND THE LIST GOES ON

Millionday: It is regrettable that the budget in its current form does not provide adequate or not there are already answers to most of these questions, answers, and this indicates to the size limitations of the data and information offered by the budget (in form and content), and therefore lose their importance and role in the planning and control, control and achieve the desired results in the economic, social and developmental aspects that represent the budget the main tool in achieving them.

Millionday: NOTE -- WITHOUT A BUDGET ACTIVATED THESE THINGS AND MANY MORE ARE NOT ACHIEVABLE

Millionday: NOTE -- THIS IS RELEASED TO THE CITIZENS TOMORROW

Millionday: The general budget organized on the basis of government accounting, and this is the basis of a minor for providing accurate and useful reading in directing the budget towards the ends and in the provision of management rules and planning and control and optimal use of resources, at a time when the general budget passed in world developments successive which turned the budget from being an annual plan of expenditure and income within tabs accounting rigid, turned into plans and programs that respond to the objectives of the strategic medium and long term, and has seen those developments move the budget to a data help rule Leaders on the optimal utilization of available resources (dubbed administration budget

Millionday: NOTE -- THEIR BUDGET IS NO LONGER JUST WORDS AND IS HEADED TO WORLD POWER THAT BE FOR ACTIVATION AND PLANNING

Millionday: and then evolved to balance programs and then to planning and programming system that provides the necessary planning, management and control of data, which helps in the optimal use of resources and provide clear rules and specific goals, measuring and evaluating performance at all levels.

Millionday: READ EVERY WORD

Millionday: We have launched a project to reform the public budget system by more than two years (when I was Secretary General of the Council of Ministers), and we formed a joint team to select the appropriate system to view the balance between Options world followed, cutting the team way whatever in this regard after reviewing the budgets of other countries, and we hope that this project ends real reform alters the shape of the budget and content to respond to the requirements and necessities which we have referred, and to then (the application of a new system),

Millionday: we feel it is necessary to address the current situation by remodeling budget (without prejudice to the government accounting system which is which) by enhancing the display budget General analytical disclosures, can decision-making positions in the executive and legislative branches to understand and stand up to the facts and phenomena and information designated by taking guidance and appropriate decisions, also provide those disclosures rules of important information for all specialists and concerned as well as the media and civil society organizations, professional organizations and the business environment as well as the public at large in.

Millionday: We offer the below number of important data that must be provided in order to achieve the necessary understanding of the budget, knowing that they are available and can be obtained, attached as annexes with it:

1. public administrations expenses:

detection shows the expenses of administration centers (centrally funded) in the three presidencies and centers ministries bodies and provincial and local administrations.

It includes: salaries, allowances of all kinds, operating expenses, protection expenses (including protections Almnsph from other parties).

Millionday: NOTE -- OBVIOUS ECONOMIC CHANGES BEING MADE -- THIS IS HUGE

Millionday: 2. profits and losses of public companies:

detection shows the revenues and production costs, salaries and wages and other operating expenses and net profit or loss is expected, The cumulative gain or loss and total debt and grants accumulated (currently appears number one is the net profit or loss for each public sector companies).

3. grants and aid:

Detection shows all grants allocated aid to self-financing and other local authorities bodies, and third parties, and the total grants and aid to previous years each hand, and the ratio of total grants and aid to the total current expenditures.

4. energy sector:

Millionday: (a) oil and its derivatives:

The detection shows:

(a) the total expected revenue from the export of oil.

(b) the total expected gas and oil derivatives export revenue (if any).

(c) the expected net revenues of belonging to the state refineries.

(d) the annual cost oil producer and exporter of all costs. The ratio of production costs to oil revenues.

(e) sums import of oil derivatives.

(f) of petroleum products processed for the electricity sector and processed:

- Production of the Ministry of Oil.

- imports.

Millionday: NOTE -- NOTICE ALL CHANGES TO OCCUR

Millionday:

(g) the total amount of support of oil derivatives sold to citizens (at the level of each derivative).

(h) Production and exports are expected oil and gas and oil derivatives for the next five years.

(b) electricity:

The detection shows:

(a) the volume of production expected for the budget year, and planned for the next five years.

(b) the current production costs per 1,000 MW.

(c) the expected revenue size for wages electricity for the budget year and for the next five years.

Millionday:

5. Non-oil revenues:

detection shows all types of other income (non-oil), and Taatdhan estimated for each type amount with the vessel or the target volume of activity and the proportion of the amount to that size or activity, including:

- the income tax on individuals.

- corporate income tax.

- customs duties.

- capital revenue.

- financing revenue.

- returns Real State.

- other fees.

- excise duties.

- Share Budget of public companies' profits with revenue-mentioned ratio to the total operating expenses.

6. revealed trade balance revealed the balance of payments.

Millionday: SO AS EXPECTED THIS MASSIVE REPORT HAS BEEN EXPECTED AND HERE IT IS -- WHOOPOW

maine: when is this to be implemented?

Millionday: THIS IS BEING DONE NOW

Doodle Brain: So they are announcing to their Citizens that they are headed to being a "world power", ...won't that lead to frustration if the citizen' buying power doesn't improve?

Millionday: I WOULD THINK CONFIDENCE WOULD BE AN ISSUE

dale: Any thoughts on the potential length of the implementation process?

Millionday: NO I HAVE NO GUESS AT THIS POINT

Tex1: will You give us the details of chapter at 7:20

rudie: Millionday says(7:20 PM):

We have launched a project to reform the public budget system by more than two years (when I was Secretary General of the Council of Ministers), and we formed a joint team to select the appropriate system to view the balance between Options world followed, cutting the team way whatever in this regard after reviewing the budgets of other countries, and we hope that this project ends real reform alters the shape of the budget and content to respond to the requirements and necessities which we have referred, and to then (the application of a new system),

Millionday: I CAN SAY THIS IS THE ECONOMIC OVERHAUL OF THE BUDGET DATA

Millionday: THEY HAVE COMMITTEES THAT ARE APPLYING THE ECONOMIC FIGURES THAT COMPLY TO THE GLOBAL MARKET

Millionday: Baghdad held the House of Representatives, Saturday, its fifth meeting under the chairmanship of Salim al-Jubouri, and the presence of 175 deputies, with parliamentary source that the meeting will host the Electricity Minister Qassim Fahdawi.

The source said in an interview with Alsumaria News , that "hold its fifth meeting under the chairmanship of Saleem al-Jubouri and attend Parliament 175 deputies, "noting that" the meeting will host the Electricity Minister Qassim Fahdawi."

The source, who asked not to be named, said "Parliament will read, during the meeting, the first reading of the draft general body to monitor the allocation of federal revenue law".

Millionday: NOTE -- THE MEETING TOOK PLACE TODAY TO ADDRESS THE FEDERAL REVENUE LAW ALLOCATION IN PARLIAMENT

Millionday: The President of the House of Representatives Saleem al-Jubouri identified, earlier, on Saturday the date for the next session of parliament, calling on the House of Representatives to attend the session on time.

As decided the presidency of parliament, earlier on Saturday, the postponement of the parliamentary session was held for an hour because of meetings parliamentary committees.

Millionday: SO THE MEETING WAS LATE BUT OCCURRED --- NICE

Millionday: OPEC delegates said two of them Khalijian that is likely to be a decline in oil prices this month, short-term and will not distract the organization from its policy of keeping production high to protect its market share.

And brightest Chinese stocks fell and the Greek debt crisis worries about demand, while the Iranian nuclear deal to Tehran's oil exports could lead. And Brent crude oil was trading below $ 57 a barrel Wednesday, crude fell more than ten percent in July.

In a major change to its policy of OPEC decided in November not to cut its production target at 30 million barrels per day to boost prices, and sought instead to defend its share in the face of US shale oil and other sources of competition.

Millionday: And OPEC stuck to its strategy at a meeting in June. He quoted Kuwaiti Oil Minister Ali Saleh Al Omair first Tuesday his confidence in the prospects for demand, saying that producing countries expect global economic growth to enhance the strength of prices.

This month ruled three delegates from the Member States of OPEC to continue falling prices or OPEC to adjust its strategy and talked about the expectations of higher demand.

He said a Gulf OPEC delegate "I do not think that a change in policy. Did not it time for a change for OPEC." "The demand will increase from what it was in the first half of the year, although there is some uncertainty surrounding the economy. Prices will remain near $ 60

Millionday: NOTE -- OIL IS EXPECTED TO REMAIN AROUND 60

Millionday: NOTE AT LEAST SOME TYPE OF FIGURE AVAILABLE

Millionday: Another Gulf delegate said that even if prices fell slightly below $ 50 a barrel so long to get off in the short term it is unlikely that OPEC cut its production ceiling.

He said: "prices will not stay low forever." Saudi Arabia led OPEC policy change in support of its allies, the Gulf despite calls to cut supplies from Iran and smaller producers were afraid of the impact of lower prices on oil revenues.

The next meeting of OPEC on the fourth of December In almost certain to renew some OPEC members to call for production cuts in the wake of falling prices.

He said Algerian Energy Minister on July 14 that he can call for an extraordinary meeting of OPEC is pushing Iran to other members of OPEC to cut production to make way for the hoped-for increase in exports.

But even OPEC delegates from countries prefer a higher price of oil did not expect Saudi Arabia to change its position, at least for the time being.

Millionday: NOTE -- PLANS ARE IN THE WORKS TO MINIMIZE THE FLUCTUATION WHICH OF COURSE IS EASIER FOR BUDGETED ETC

Millionday: An official at the non-member Gulf state "It seems that the Saudi method to defeat American shale oil producers is not successful .. but may Iwasalouna".

 While Iran hopes to boost exports quickly as soon as the lifting of sanctions by the delegates do not expect OPEC Gulf in large volumes of Iranian oil by 2016 and are betting that a rise in global demand next year will absorb the additional supply.

The delegates agreed that the fourth of the state support has been cut production in the Gulf with the delegates that it does not need to move by OPEC currently. He said of the low price, "I see a short-term recovery and I expect prices."

Millionday: NOTE OBVIOUSLY SHOWS HOPE

Nadita: so they are saying the price below 50 will not stay long even if production stays the same because the demand of oil in 2016 will absorb overflow. Do you think they know oil price could dip below 50 which will be good for us, the end users.

I always thought supply and demand will drive the price up or down. I can see from the gas prices in my neighborhood, it has been slightly higher in the last few weeks.

Nadita: because for them to say that.. my guess is they have already talked about it.. oil is about 51-52 range right now.. I haven't followed it in a while

Millionday: THE THING IS THAT THE PRICE WILL BE MARKET DRIVEN -- THE PRICES ARE SET NOW AND IRAQ HAS STATED THEY HAVE THE LOWEST IN THE WORLD NOW

Millionday: THAT IS ALL WE HAVE RIGHT NOW UNTIL AFTER TOMORROWS PARLIAMENT AND MANY REPORTED ACTIONS

MY LADIES CHAT UPDATE, 26 JULY

MY LADIES:  GOOD MORNING EVERYONE..

I’M BRINGING THIS OLDER ARTICLE BACK FROM THE 12TH TO GIVE YOU A GOOD EXAMPLE OF CONTROL IN THE MEDIA.

OUR NEWSPAPERS ARE SO FULL OF CARP SOMETIMES AND PEOPLE THAT DO NOT REACH OUT BEYOND THE US NEWS ARE REALLY IN THE DARK ON MANY THINGS.

THIS IS FROM BRICS AND IT WAS A HUGE MEETING WITH GREAT SIGNIFICANCE.

IT WAS THE BRICS 7TH SUMMIT AND THE SCO SHANGHAI COOPERATION ORGANIZATION 15TH, THIS SUMMIT BROUGHT TOGETHER 14 HEADS OF STATES AND BROKE THE NEWS OF BILLIONS OF TRADE OPPORTUNITIES BETWEEN MEMBER COUNTRIES.

....
BUT WHAT DID OUR MEDIA HAVE TO REPORT FROM THIS EVENT???

YOGA! YEP THEY REPORTED VLADIMIR PUTIN
 WAS WILLING TO GIVE YOGA A TRY.

HERE READ FOR YOURSELVES AND PLEASE EVEN AFTER WE HAVE CLOSED THIS CHAPTER CONTINUE TO READ PAPERS FROM AROUND THE GLOBE.

DON’T SETTLE FOR THE CHUCKLE HEAD REPORTING SPOON FEED HOR
SE CARP THE US MEDIA GIVES YOU.

How Putin’s yoga stretched US coverage of Ufa summits
http://thebricspost.com/how-putins-yoga-stretched-us-coverage-of-ufa-summits/#.VbTR9PnHlbg

IQD NOVA: 
 GOOD MORNING ML, I HATE THE NEWS IS THIS COUNTRY!!! EVEN FINANCIAL NEWS IS MESSED UP HERE!!! FOR AT LEAST 20 YEAR I HAVE BEEN GOING ELSEWHERE TO GET THE REAL STORY!!!

MY LADIES:   MEE TOO!

MVL:  Lol. Great point, Mary. I was told once by a Great Dinarian, that even Fox has their marching orders. MA has a post out that speaks of the damage the Fairness Doctrine has spawned today too.

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

MVL:  A little Central Bank action here...  http://www.ibtimes.co.uk/central-banks-watch-fed-decision-focus-while-rate-changes-expected-russia-brazil-1512616

Joey:  7 Countries, 12 Companies, 2,200 miles, 0 Russian Gas? Priceless.   http://katusaresearch.com/7-countries-12-companies-2200-miles-0-russian-gas-priceless/

Joey:  Iran set for gas exports to Iraq…   http://iraqdailyjournal.com/story-z11220374

MY LADIES :  HERE IS THE ORIGINAL ARTICLE FROM IRAN

THINGS MUST BE GETTING SAFER IN IRAQ, HERE COMES THE GAS AND NEXT LEG IN THE SILK ROAD FOR IRAQ

 Iran set for gas exports to Iraq
http://www.presstv.ir/Detail/2015/07/25/421843/Iran-Iraq-Gas-Export-Pipeline

“Iran will sit for talks with Iraq within the next few days over the gas export project,” Gharibi added

The project has been long in the offing but had been delayed over what officials in Tehran have cited as security concerns resulting from the war of insurgency that the ISIL terrorists have waged in Iraq.

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

JG:  Mary do you think our investment will come in before the collapse of our dollar which experts are saying could happen this September or October…im not saying our dollar will collapse this year but we all know it will……..soon

MY LADIES:   JAMES I SURE HOPE SO. BUT AS FOR THE DOLLAR COLLAPSE, I KNOW YOU MISSED SOME TIME IN HERE BUT WE ARE NOT ANTICIPATING A TOTAL COLLAPSE OF THE DOLLAR

JG:  I also heard that our gov. is making it real hard to get a passport and leave this country… Is that due to the fact that so many people will get very wealthy soon from this investment?

MY LADIES:   JAMES I THINK THE THING WITH THE PASSPORT I'M NOT AWARE OF ANY DELAYS BUT IF THERE IS I WOULD IMAGINE IT IS JUST HOMELAND TAKING EXTRA MEASURES TO BE SURE PEOPLE LEAVING ARE NOT TAKING UP WITH ISIS AND I WOULD THINK IT IS ONLY DELAY TO CERTAIN PARTS OF THE MIDDLE EAST.

JG:   I spoke to my international tax atty. she says she is hearing more and more about our investment in the world of law and finance . so it must be getting ready to roll

MY LADIES:   WELL JAMES THAT IS ENCOURAGING NEWS AND I'M GLAD TO SEE YOU ARE ALL SET UP AND READY WITH AN ATTORNEY

IQD NOVA:  AS FOR A PASS PORT. GO GET TWO PICS FILL OUT THE PAPER WORK WRITE THE CHECK AND SEND IT IN. IN ABOUT 6 WEEKS THEY WILL SHOW UP AT YOUR HOUSE!!!

LAST TIP....IF YOU NEED IT THE SAME DAY. FLY TO DC GO TO THE STATE DEPARTMENT HAVE REASON WHY IN HAND AND YOU CAN WALK OUT WITH IT!

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

Sager:  Morning all. Not sure if this has been posted yet but WHOA!!:

China lauds WTO trillion dollar IT deal, eyes big gains for domestic firms


China’s Ministry of Commerce on Saturday lauded the landmark deal by WTO members to cut tariffs on $1 trillion worth of information technology products in a boost for producers of goods ranging from video games to medical equipment.
http://thebricspost.com/china-lauds-wto-trillion-dollar-it-deal-eyes-big-gains-for-domestic-firms/#.VbTkjvlViko

MVL:  Britain clears the way for Joe Average to visit Iran...https://www.middleeastmonitor.com/news/europe/20033-uk-eases-ban-on-travel-to-iran

Sager:  The BRICS central bank governors in Ufa also signed an operating agreement on the $100 billion BRICS monetary fund that will come into force on 30 July.  http://thebricspost.com/brics-banks-1st-loan-to-be-issued-in-yuan/#.VbTn2flViko

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

IQD NOVA:  HOLY BUCKETS OF JULY !!!!!

ITS NOT THE AMOUNT OF MONEY IT THE DATE AND WHAT IS BEING USED.

SUPPORT CAPITAL IN THE BANK IS................THE USD!!!!!!!!

LOANING OUT WHAT..........THE YUAN!!!!!!!!!

THE DOLLAR IS SUPPORTING THE YUAN........

OH BUT I THOUGHT THE DOLLAR WAS COLLAPSING!!!!

WOW!!!!!!!! HOW ARE THE DOING IT????? IT MUST BE MAGIC!!!!!

ITS NOT MAGIC ITS THE NEW SYSTEM AND ITS STARTING ON JULY 30!!!!!!!!!!

MY LADIES:   EXCITED ARE WE???...LOL...YES YES YES AND SAGER THIS WAS POSTED YESTERDAY MORNING...

DW:  Can you say "SHOWTIME"!

MVL:   Nova...lol...my man...Jerry McGuire!!!

**********

MY LADIES:  SO IRAQ IS ONE STEP CLOSER, YESTERDAY THEY STARTED THE NATIONAL CARD, GOOD STEP FORWARD, BUT DO NOT CONFUSE THIS CARD WITH ANY TYPE OF MONETARY CARD.

THIS IS JUST NATIONAL IDENTITY CARD, DO NOT GET CARRIED AWAY………..YET!

CHECKOUT ALL THE PICS

 Prime Minister Dr. Haider Abadi attend the ceremonial launch of a unified national card project   http://pmo.iq/press2015/25-7-201501.htm

WOW!! THIS CARD HAS YOUR WHOLE LIFE STORY ON IT..

http://www.iraqinationality.gov.iq/national_id_ar.htm

http://www.iraqinationality.gov.iq/activities_ar.htm
LATE SATURDAY NIGHT: 

Bandito Rox:  Hedge Funds Are Holding First-Ever Gold Net-Short Position


Hedge funds are holding the first ever bet on a decline in gold prices since the U.S. government started collecting the data in 2006.

The funds and other speculators shifted to a net-short position of 11,345 contracts in New York futures and options in the week ended July 21, according to figures from the U.S. Commodity Futures Trading Commission.

http://www.bloomberg.com/news/articles/2015-07-24/hedge-funds-hold-first-ever-net-short-position-in-gold

MY LADIES:  HUMMM A SAD DAY IN GOLDVILLE FOR THE ALARMIST ISN'T IT!

DS:  So at first we were waiting on Iraq and now we have to wait also on Iran?

MY LADIES:  NO NO NO NO NO NO NO...WE ARE NOT WAITING ON IRAN

IRAQ CAN GO FIRST OR SECOND OR LAST, WHO KNOWS...BUT THE PROGRESSION OF IRAN IS THE STUDY OF THE NEW BANKING SYSTEM

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

Bandito Rox:  VIDEO: Gold Prices Sink to a 5-Year Low

Gold has no appeal as a commodity or alternative to currencies, Macquarie Group Ltd. said on Friday, renewing the selloff that’s driven prices to a five-year low.

Futures for August delivery slid 0.8 percent to settle at $1,085.50 an ounce at 1:43 p.m. on the Comex in New York, after touching $1,072.30, the lowest for a most-active contract since February 2010. The metal dropped 4.1 percent this week, the most since October. Trading volume was 95 percent above the 100-day average for the time of day.

http://www.bloomberg.com/news/articles/2015-07-23/gold-set-for-longest-run-of-weekly-losses-since-12-on-rate-bets

Eyeguy:  Is gold dropping a good sign for us ......or no bearing on this

MY LADIES:  NO BEARING ON US WITH THE DINAR ..JUST CHANGES TAKING PLACE

MVL:   What this says to me, is that gold simply hasn't bottomed-out yet for its current cycle. It hasn't quite sunk to the valley floor; I'm with MA, and watching the charts for the next resistance level: that would be roughly $1050 @ oz., set in early 2010.

 One has to dig back to 2009 to see gold on-the-floor of the last run-up at roughly $700 @ oz. We are all well-aware of what happened in 2008.

The point here isn't so much what's happened, or what's happening with gold, but to consider what we might DO with it when the option becomes a reality. Admittedly, that's above my pay grade at the moment.

http://www.businessinsider.com/entities-hoarding-the-most-gold-2015-7


AW:  MVL,.....regardless of price, it still appears to be an asset, the same as real estate that an investor may want to consider holding….. And if possible,........holding a lot of it.

MVL:   Alan, I agree. Whether held in Singapore, Texas, or elsewhere, some place where the investment is solid, and not subject to the old-system manipulation, but can prosper alongside the new economic paradigm.