Category: Finance

Millionday Monday Roundtable Part 2

Millionday News 9/8/14  Part 2

        [millionday] THE GOV PROGRAM INCLUDES ALL REFORMS FOR THE NATION

        [rod86018] millionday sounds like he is saying it is a done deal, a new government.

        [millionday] NO — BADR JUST ENTERED THE BUILDING

        [faith1] all reforms for the nation,,,, wow !!
        [wmawhite] millionday ……that is a good thing.

        [CO1963] Millionday does it include economic reform also
        [Florida Country Girl] http://www.tvbaghdad.net/

        [millionday] A VERY GOOD THING — WHOOPOW
~~~

         [tbob] healine: Abadi announces plan strategy for the government

        [billuke] Reidar Visser‏@reidarvisser·Badr deputies return to #Iraq parliament after Qasim al-Aaraji nominated interior minister instead of Hadi al-Amiri

        [millionday] THIS LOOKS AS IF WITH THE KURDS ARRIVING THAT THE VOTE IS GOING THROUGH

        [millionday] THE GOV PROGRAM IS BEING READ AND I AM TRYING TO PULL AS MUCH THAT IS IMPORTANT TO US AND NOT BORING

        [TxBrand] Sajad Jiyad سجاد ‏@SajadJiyad · 43s Ministerial positions are still being agreed as Abadi is speaking. Shouldn’t he be deciding not others?

        [millionday] THE IRAQI ARMY JUST WAS GREETED AND ALSO GREETED ALL ATTENDEES

        [wmawhite] millionday . Reidar Visser @reidarvisser · 3m Badr deputies return to #Iraq parliament after Qasim al-Aaraji nominated interior minister instead of Hadi al-Amiri http://alliraqnews.com/i ··· -27.html …

Replied to 0 times Reidar Visser @reidarvisser · 5m #Abbadi says he will “rebuild” the #Iraq security forces. That, at least, seems to be recognition of past failures.

Replied to 0 times Reidar Visser @reidarvisser · 8m Abbadi promises to solve all outstanding issues with the Kurdish regional government

        [sudo1114] Lots of empty seats

        [millionday] LESS THAN 149 ABSENT NOW — IT WAS ONLY 149

        [CaliDreamers] millionday Is Dr. Shabibbi in Iraqis future plans or was he prosecuted and sent to prison?

        [millionday] wmawhite VERY GOOD — THEY TRUST HIM AS WELL BECAUSE THEY ARE THERE

        [rod86018] amazing civil so far…..a good sign.

        [billuke] Rudaw English‏@RudawEnglishBREAKING: The meeting of the Kurdish leaders in Sulaimani just concluded. Rudaw reporter says, Kurds will take part in Iraqi gov

        [wmawhite] millionday …. Reidar Visser @reidarvisser · 7s Several sources say Kurdish MPs are definitely back in #Iraq parliament to vote on Abbadi govt http://alliraqnews.com/i ··· -24.html … Replied to 0 times

        [millionday] VERY GOOD MEETING AND GOING SMOOTHLY – SOMEONE THROWN OUT RIGHT AWAY TO SET THE TONE –   CALM CROWD NOW –

        [rod86018] millionday yes, Joubori has control.

        [millionday] THIS IS THE GOV PROGRAM THEY ARE READING AND IT IS NOT A NOTE

        [chattels] Vice President’s Schedule – September 8, 2014 : http://www.whitehouse.go ··· resident – it does not appear that Biden is or was in Iraq to me

        [wmawhite] chattels ……that is probably a good thing.

        [TxBrand] Sajad Jiyad سجاد ‏@SajadJiyad · 2m Abadi focusing on economic reform in his comments, lot of positive talk that is very agreeable but let’s see what actually comes of it

        [millionday] HE WAS IN IRAQ BUT SECURITY IS KEEPING FROM ANNOUNCEMENTS FROM BEING MADE — BUT THIS WAS A COUPLE DAYS AGO TOO

        millionday] HERE WE GO  – Prime Minister-designate Haider al-Abadi, his government and presented to the House of Representatives for a vote on it, and the program included the following points.

 “Plan comprehensive strategy from 15 to 2018 and affects all sectors and are formulated at the hands of experts and advisers,” and “activation of decentralized management at the administrative, economic and redraw the relationship between state institutions,”

 and “starting a revolution management to rebuild the institutions of the state military and security service system efficiently and application e-government, “and” maximize the financial resources and the optimal use of its system and the general budget. “

        [millionday] NOTE — MOVING FORWARD WITH THE BUDGET — MUST BE IN PLACE

        [millionday] He said al-Abadi, said the plan includes “activating the principle of accountability at all levels and the separation between the positions of political, administrative and application of the principle of equal opportunities and the dimensions of the security positions for the political sphere

 and the formation of the service and the shift towards the principle of buying the service from the private sector and the adoption of consulting offices and the homes of local service and international projects.”

        [TxBrand] Reidar Visser ‏@reidarvisser · 24s #Iraq PM designate Abbadi finished reading his programme. Speaker Jibburi wants to go directly to vote. Fatlawi raises procedural objection

        [millionday] NOTE — THE ADOPTION OF PROJECTS — LOVE IT

        [chattels] the price of gold is down $ 20 and almost 2 % in the past 18 hours

        [millionday] “The expansion of the scope of social security systems and retirement”, and “activate the National Development Plan 2013-2017 and implementation of national strategies,”

and “cooperation and coordination with the House of Representatives in the field of legislation and oversight,” and “bear arms, however, the state and the prohibition of any formation of armed out of state and do not any that may be there is not any armed formations weapon outside the state.

” The Abadi said that the program will include “ensuring that the lead security forces to protect citizens and their functions innocent and” strict adherence to the principles of human rights, including in particular the security and protection of the citizen. “

        [rlsunsfan] chattels wasnt that a good thing?

        [millionday] chattels WOW THAT IS HUGE  -  IT IS MARKET CHANGES FROM SOME MARKET EXPECTATION WHEN IT CHANGES LIKE THAT

        millionday] OK I AM BEING TOLD THAT THE PRESENTATION OF THE GOV IS DONE

        [millionday] OBAMA IS TO DO A PRESS CONFERENCE ON WED WITH ANNOUNCEMENTS ABOUT IRAQ — IT IS THIS WED AND WILL BE TELEVISED

        [ivorygal] 289 MPs now attending

        [shiek] Billuke while we have them there why not vote on the basket of laws and budget

        [millionday] IT IS ALL ABOUT IRAQ  THEY HAD THE BASKET ON THE BUDGET AND LAWS ON SATURDAY  –  NOTE — THEY ARE VOTING ON GOVERNMENT PROGRAM

        [rlsunsfan] doing it now

        [millionday] YES — THEY ARE VOTING ON GOV PROGRAM RIGHT NOW

        [millionday] NOT THE GOV YET — THE PROGRAM

        [chattels] Article 76: Constitution of Iraq – Fourth: The Prime Minister-designate shall present the names of his members of the Council of Ministers and the ministerial program to the Council of Representatives.

He is deemed to have gained its confidence upon the approval, by an absolute majority of the Council of Representatives, of the individual Ministers and the ministerial program.

        [TxBrand] Sajad Jiyad ‏@SajadJiyad · 46s Abadi says I’ve asked for more female ministers and also specifically from Basra. Says I didn’t choose all names

        [millionday] THE GOVERNMENT PROGRAM IS THE DUTIES AND PLAN FOR ALL GOVERNMENT AND THE PLAN TO GET IT DONE

        [chattels] absolute majority = 167 votes in favor, it is not a majority of those present, but of the body as a whole

        [millionday] THEY ARE VOTING ON THE PRESIDENT PROGRAM NOW

        rlsunsfan] abadi made to wait before announcing

        [CaliDreamers] millionday so it is basically meaning the forming of the GOI…correct?

        [millionday] YES THEY ARE WORKING NOW IN SESSION TO FORM THE GOVERNMENT

        [chattels] History in the making !

        [millionday] OH YES MY FRIEND — HISTORY IN THE MAKING

        [znn] Chattels Never really thought we would see this day! So excited!

        [millionday] THEY ARE ARGUING ABOUT THE MINISTERS AND THEIR ETHNIC ORGIN

        [TxBrand] Sajad Jiyad ‏@SajadJiyad · 46s Abadi says I promise to have final names for ministers within a week even if blocs don’t agree on specific names

        [DinarGroupie] So they have to get 167 to vote in favor which means no more than fifty or so can vote no?

        [millionday] AND FEMALE NUMBERS OF THE CABINET TO BE PRESENTED

        millionday] ABADI HAS ASKED FOR NOMINATIONS THAT MEET THE EXPECTATIONS

        [chattels] from my friend : I THINK SUNNI ARE BACK!!! WE HAVE 289 DEPUTIES NOW!! EXHALE!! IT’S OVER!@!@!@ HE GOT THE VOTE!!!

        [TxBrand] Kirk H. Sowell ‏@UticensisRisk · 1m ISCI MP, the guy who runs al-Fayha TV, just walked out as protest over no Basra ministers. Showboating.

        [jackiechan] 167 out of 325

        [clay] chattels wow

        [rod86018] chattels good news…..

        [faith1] we don’t know if M is in or out??? how does he appear ???? anyone watching him???

        [TxBrand] Reidar Visser ‏@reidarvisser · 1m First vote on ministers of new #Iraq govt: Saleh al-Mutlak to continue as deputy PM.

        [millionday] THEY ARE VOTING ON ABADI NOW

        [jackiechan] M may get vice presidency

        [chattels] jackiechan should be 328, if they ever resolved the qualifications of the last minister in question, eh ?

        [wmawhite] chattels ..Sunnis are back.????

        [millionday] SOME MINISTERS WILL BE PROXY DUE TO THE LACK OF FILLING ENOUGH WOMEN AND THEIR ORIGIN

        [chattels] wmawhite so my friend is saying as she watches and hears from her arabic speaking partner in Iraq

        [CO1963] millionday Does that mean it will not be a fully seated government if some are Proxy?

        [TxBrand] Sajad Jiyad ‏@SajadJiyad · 27s Jibouri says Supreme Court decision is simple majority of MPs present required to vote in each cabinet member

        [chattels] tbob from my friend : I THINK SUNNI ARE BACK!!! WE HAVE 289 DEPUTIES NOW!! EXHALE!! IT’S OVER!@!@!@ HE GOT THE VOTE!!!

        [TxBrand] Sajad Jiyad ‏@SajadJiyad · 25s Baha al-Araji voted as deputy PM

        [wmawhite] Reidar Visser @reidarvisser · 4m First vote on ministers of new #Iraq govt: Saleh al-Mutlak to continue as deputy PM.

        [TxBrand] Visser ‏@reidarvisser · 47s Things are moving fast now: Adel Abd al-Mahi of ISCI is new #Iraq oil minister!

        [millionday] THEY VOTED ON PRIME MINISTER PROGRAM

        millionday] DEPUTIES RIGHT NOW

        scuffy] What is the Prime Minister Programme please?

        [millionday] IT IS WHAT HE IS PLANNING ON DOING AND THE ENTIRE PLAN TO DO IT — ALL OF HIS DUTIES

        millionday] WONDERFUL — JUBOURI–

        [TxBrand] Sajad Jiyad ‏@SajadJiyad · 51s Defense and interior minister not voted on because Abadi says blocs asked him to delay. Gives 1 week deadline or will present his own

        [millionday] MINISTER OF EDUCATION

        [TxBrand] Reidar Visser ‏@reidarvisser · 1m Muhammad Bayati (Turkmen) as new human rights minister.

        millionday] SHAHSASTINI –

        [TxBrand] Dr. Abbas Kadhim ‏@DrAbbasKadhim · 59s Qasim Fahdawi Electricity passed Tariq Khaigani Housing passed Baqir Jabur Transportation passed

        [wmawhite] Reidar Visser @reidarvisser · 1m Hassan al-Rashid of Basra transport minister. #Iraq

        [millionday] JUSTICE AND INDUSTRY   SO FAST

        [chattels] ernier the constitution says absolute majority, go figure

        [millionday] YOUTH AND SPORTS

        billuke] Tweet: They are going through the names of ministers now, not giving numbers, Speaker Jiburi just says, “clear majority”

        [swan2013] but when does abadi get voted in?

        [millionday] ZABARI — MUTLAQ– DEPUTIES

        [millionday] THIS IS FANTASTIC

        [DinarGroupie] Absolute majority tuff to do when they never have everyone show up

        [millionday] THEY WILL BE SWORN AS A GROUP

        [swan2013] millionday so as soon as everyone voted in will be sworn in as a group?

        [tbob] millionday when will they be sworn in as a group?

        [millionday] Attended by representative of the Secretary-General of the United Nations Nikolai Miladinov, on Monday, to the Hall of the House of Representatives for granting confidence to the government of Prime Minister-designate Haider al-Abadi.\

 The heads of diplomatic missions accredited in Iraq had come to participate in the session, giving confidence to the government of al-Abadi.

        [jetset] well, what a day!

        [TxBrand] Abadi did insert a couple of Basra names. So there will be Basra ministers.

        [millionday] GLAD YOU COULD MAKE IT — WOW THE DAY IS GOING GREAT  OR FANTASTIC

        [millionday] THE NEWS AS IT HAS COME WILL BE POSTED  THIS IS HUGE HUGE

        [slh5282] millionday, did they vote all in including abadi?

        [millionday] KNOW THAT THE PROGRAMS INCLUDE THE REFORMS

        [millionday] THEY VOTED ABADI THROUGH AND A LOT OF MINISTERS — SOME WILL BE BY PROXY STILL BUT NOT THE HIGHER POSITIONS -

        [millionday] WE HAVE JUSTICE — OIL — DEFENSE — INDUSTRY — FINANCE — MANY OTHERS

        [millionday] CHATTELS HAS BEEN BRINGING THEM WITH WMWHITE AND MY SELF AS WE HAVE GOTTEN THEM

        Rathbun] Yes, swearing in

        [wmawhite] The New Prime Minister and his cabinet (GOI) are now taking their oath of office.

        [billuke] Actual Abadi tweet: The names of MPs and ministers, Prime Minister Dr Haider Abadi Dr. Mohammed Saleh al-Mutlaq, Deputy Prime Minister … http://fb.me/1eaYSzbNy

        [jetset] looks like they just swore them in!

        [tbob] Abadi government sworn in in front of the House of Representatives — WE HAVE A GOI!!!

        [wmawhite] Iraq has a new Prime Minister………..I believe………my Arabic is not good………..lol

        [millionday] The names of the lineup the government of Prime Minister-designate Haider Abadi Deputy Prime Ministers: Bahaa al-Araji – National Alliance Saleh al-Mutlaq – National Union of Forces And Hoshyar Zebari – Kurdish blocs For candidates sovereign ministries and services: Foreign Minister – Ibrahim al-Jaafari

        [ernier] and no maliki???

        [jeffusa] looks done

        [jetset] wow wow wow

        [millionday] HIS WHOLE CABINET

        [millionday] The names of the lineup the government of Prime Minister-designate Haider Abadi Deputy Prime Ministers: Bahaa al-Araji – National Alliance Saleh al-Mutlaq – National Union of Forces And Hoshyar Zebari – Kurdish blocs For candidates sovereign ministries and services: Foreign Minister – Ibrahim al-Jaafari

        [millionday] Ministers voted for them in the new government sworn constitutional

        [TxBrand] Sajad Jiyad SajadJiyad · 2m President Masum nominates VPs: Nouri Maliki, Ayad Allawi, Usama al-Nujayfi, as put forward by their blocs.

        [kba] Newstime tonight is going to be crazy. :}

        [DinarGroupie] 10x apparently they are voted in

        [josie] Who cares if he gets some VP position. Obviously we dont want him there, but he will not have any power…

        [millionday] Postpone the declaration of candidates for the ministries of defense and interior for a week at the request of the leaders of the political blocs ……

        [Holly1] + for the Iraq people

        [ernier] maybe they decided to let him be announced and not give it to him due to not enough votes and then they have him where they want him

        [swan2013] millionday is Maliki in according to up there news or not?

        [jwk] Keep your friends close and enemies closer I guess to explain Maliki

        [TxBrand] The Associated Press ‏@AP · 2m BREAKING: Iraq’s parliament votes in new Cabinet, though no one named as defense, interior ministers.

        [millionday] OK LETS WRAP THIS UP FOR ROUNDTABLE rudie — THANK YOU SO MUCH

        [RRathbun] Congratulations Iraq! Thank you Millionday and team! Great coverage of this history making event! See you tonight.

        [chattels] dog catchers have more authority than a deputy president of Iraq

        [rlsunsfan] no powers for maliki

        [millionday] WE WILL SEE EVERYONE TONIGHT AT 730 EST WITH THE NEWSTIME AND IT WILL BE HUGE

        [swan2013] rlsunsfan but is he in

        [Baxter1243] chattels chattels … thank the lord for that

        [TxBrand] Iraqi parliament approves a new government under Haider al-AbadiIraqi parliament approves a new government under Haider al-AbadiIraqi parliament approves a new government under Haider al-AbadiIraqi parliament approves a new government under Haider al-AbadiIraqi parliament approves a new government under Haider al-Abadi break out the wine

        [millionday] KNOW THIS — THE PROXY CAN BE OK FOR THEM TO MOVE FORWARD AND THEY ARE ONLY HOLDING DEFENSE AND INTERIOR FOR A WEEK

        [faith1] defense is pretty important with the IsIS ,,, right,,, ?? why would that be the one hold up ??

        [rod86018] faith1 because they could not agree on it……..but needed to get the vote done., so is still good.

        [millionday] WOW THEY JUST SHOOK MALIKI HAND IN CONGRATS

        Brand] Sajad Jiyad SajadJiyad · 1m Parliament’s Constitutional Hall now busy with MPs & ministers congratulating each other. The people are watching…

        [DinarGroupie] MD it was supposed to be temporary four years ago too. Hope for no repeat!

        [swan2013] millionday I am going to be sick

        [Florida Country Girl] Did Maliki really get voted in as VP

        [millionday] IT DOES NOT CHANGE ANYTHING WITH US HUN — NOT AT ALL

        [TxBrand] Reidar Visser ‏@reidarvisser · 2m What a change for #Iraq’s Maliki. He is moving from strongman PM to vice president with absolutely no powers.

        [millionday] YES HE HAS BEEN VOTED THROUGH

        [DinarGroupie] They may be congratulating Maliki on making vp too

        [millionday] YES IT IS VICE-PRESIDENT

        [rod86018] Maliki is a non issue…………..no worries…..

        [sczin11] Seems to me would be unconstitutional

        [thomas1] maliki is vp

        [ernier] I couln’t care less – bring on the RV!!!!!!!!!!!!!!!!!!!!!!!!!!!!

        [millionday] IT WILL HAVE NO BEARING ON US AT ALL AND HE IS JUST ONE MAN IN A SUIT —

        [thomas1] millionday should we be worry about maliki

        [MsDiva] hes not for the people

        [millionday] NO — NO WORRIES AT ALL ABOUT MALIKI

        swan2013] millionday true, but the injustice to all those who suffered.

        [honugirl] So did they actually vote everyone in except for the two that they put through by proxy?   
    [millionday] SEE EVERYONE TONIGHT

        [Holly1] ??? millionday what is next

        [millionday] YES HONUGIRL THEY DID

        [millionday] THE BEST THING IS THAT ALL OF THE PROGRAMS ARE VOTED THROUGH AND THEY CONTAIN THE REFORMS AND THE DUTIES GIVEN

http://www.dinarupdates.com/showthread.php?14404-Millionday-News-9-8-14

PIF’s Monday Afternoon Post and List of Ministers

OK SO THAT WAS FUN…PARLIAMENT LIVE SHOULD BE EXPERIENCED AT LEAST ONCE BY EVERYONE, IT’S NOT OFFICIAL UNLESS SOME ONE GETS PUNCHED IN THE NOSE…LOL…

SO WE HAD A ROCKY START THE SUNNI LEFT, THE BADR LEFT, ALL H*LL BROKE LOOSE, AND IN THE END IT ALL WORKED OUT. SORYY FOR GIVING ANYONE IN CHAT HEART PALPITATIONS BUT YOU GUYS WANTED IT LIVE.

THE VOTE OF CONFIDENCE WAS GIVEN IN THE PRESENCE OF 289 DEPUTIES, EACH OF THE MINISTERS WERE SWORN IN ALL WE WAIT ON IS THE MINISTER OF DEFENSE AND THE MINISTER OF THE INTERIOR, WHICH WILL BE GIVEN WITH IN THE WEEK.

THE GOVERNMENT PROGRAM WAS READ AND APPROVED AND THE LIST OF MINISTERS ARE POSTED BELOW.

THE VICE PRESIDENTS WERE VOTED IN AND SWORN IN AND WHAT A GROUP THEY ARE… MALIKI, NAJAFI, AND ALLAWI, MAY GOD BE WITH MASOUM FUAD.

THE 2014 BUDGET IS NEXT AND THE 2015 BUDGET RIGHT BEHIND THEY SAY THIS MONTH.

ENJOY YOUR EVENING EVERYONE. HERE ARE THE NEW MINISTERS…CONGRATULATIONS IRAQ..WE KNEW YOU COULD DO IT!

Abadi: (Saleh al-Mutlaq) Deputy Prime Minister

Abadi: (Hoshyar Zebari) Deputy Prime Minister

Abadi: (Bahaa al-Araji) Deputy Prime Minister

Abadi: (Ibrahim al-Jaafari) and Minister of Foreign Affairs

Abadi: (Rose Nuri Shaways) finance minister

Abadi: (Adel Abdul-Mahdi) and the oil minister

Abadi: (Hussain al-Shahristani) and minister of higher learning

Abadi: (Salman Jumaili) and Minister of Planning

Abadi: (Haider spokesman Zamili) and Minister of Justice

Abadi: (Muhammad Mahdi al-Bayati) and minister for human rights

Abadi: (Falah Hassan Zeidan) and Minister of Agriculture

Abadi: (Naseer al-Issawi) and minister of industry

Abadi: (Qassim Mohammed Fahdawi) and Minister of Electricity

Abadi: (Tariq Kikhany) and Minister of Construction and Housing

Abadi: (Baqir al-Zubaidi) and the Minister of Transport

Abadi: (Kazem Hassan Rashed) and communications minister

Abadi: (Mohammed Xiaa Sudanese) minister of labor

Abadi: (Adila Mahmoud Hassan) and the Minister of Health

Abadi: (Qutaiba al-Jubouri) and Minister for the Environment

Abadi: (Knight Jeju) and technology minister

Abadi: (Raundozi) and Minister of Culture

Abadi: (Ahmed Abdel Alajabua) and Minister for Provincial Affairs and the House of Representatives

Abadi: (Abdel Karim Younis) Minister of Municipalities

(Hamoudi) First Deputy Speaker of Parliament

al-Maliki and Allawi and Najafi as Vice-President of the Republic

Thank you
PIF

Monday Afternoon Breaking News and Opinions

KTFA:

DELTA » September 8th, 2014, 3:14 pm  FAMILY WE HAVE A NEW GOV

Sager » September 8th, 2014, 3:16 pm  Apparently we have no Iraq interior and defence ministers. Happened in 2006 and 2010 as well. In 2010, Maliki decided to keep portfolios for himself.

Sager » September 8th, 2014, 3:20 pm 

Parliament will vote on the new government and administration Abadi declares vacant ministries proxy
MONDAY, 08 SEPTEMBER / SEPTEMBER 2014 22:13 SHAFAQ-F

Twilight News / Iraqi parliament voted Monday evening on the government Teams Haider Abadi amid verbal altercations and objections are limited.
….

Parliament voted to grant Ibrahim al-Jaafari for the position of the Foreign Ministry while his Rose Nuri Shaways on the position of the Ministry of Finance was to vote for him.

And the granting of parliament Adel Abdul-Mahdi and the position of the oil ministry entrusted with the task of the Ministry of Planning to Salman Jumaili.

Parliament voted in favor of Hussein al-Shahristani, Minister of Higher Education also voted to have Haider Zamili and minister of justice.

He became Muhammad Mahdi al-Bayati, a minister of human rights after the parliament voted in favor of the assumption Falah Hassan Zeidan and the Ministry of Agriculture.

Parliament voted to Naseer al-Issawi to be the minister of industry also won Qassim Fahdawi Ministry of Commerce after the sound of parliament in his favor.

He became Bayan Jabr vote of Parliament and minister of transport either Kazim Rashid communications minister is gained while Adela Hussein Hammoud, the Ministry of Health.

Parliament voted to Mohammed Xiaa Sudanese to be minister of labor and social affairs either Qutaiba al-Jubouri, becoming minister of environment and Muhammad Iqbal Omar and Minister of Education and Mlas Kasnazani Minister of Trade and Knight Joseph Jeju minister of the Ministry of Science and Altakuloggio and Raundozi Minister of Culture and Abdul-Hussein Abtan Minister of Youth and Sports and Ahmed Abdullah al-Jubouri, the Ministry of State for Provincial Affairs and the House of Representatives and Abdul Karim Younis, Minister of Municipalities.

Ebadi said that the vacant ministries would be managed personally by proxy and vowed to send their names within a week.

https://translate.google.com/translate?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.shafaaq.com/sh2/index.php/news.html

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backdoc » September 8th, 2014, 3:22 pm  WITH THE KEY MINISTERS DEFENSE AND INTERIOR BEING UNFILLED I HAVE TO SEE NOW HOW THE EMPIRE RESPONDS TO THIS NOW.

WE NEED TO SEE FULLY FUNCTIONAL !!

I GUESS ANOTHER DEBATE FOR NOW !! DOC

**********

Sager » September 8th, 2014, 3:32 pm 

Haider Al-Abadi

The names of MPs and ministers, Prime Minister Dr Haider Abadi

Dr. Mohammed Saleh al-Mutlaq, Deputy Prime Minister

Mr. Hochearzibari Deputy Prime Minister

Mr. Bahaa al-Araji, Hussein Ali, Deputy Prime Minister

Mr. Ibrahim al-Jaafari and Minister of Foreign Affairs

Mr. Rose Nuri Shaways Minister of Finance

Mr. Adel Abdul Mehdi Hassan inch oil minister

Mr. Salman Ali Hassan al-Jumaili Minister for Planning

Dr. Hussein Ibrahim Saleh al-Shahristani, Minister for Higher Education

Mr. Haider spokesman Jassim Zamili Minister for Justice

Mr. Muhammad Mahdi al-Bayati, Minister for Human Rights

Mr. Falah Hassan Zeidan Minister for Agriculture

Mr. Naseer Kazim Obaid al-Issawi, Minister of Industry

Mr. Qassim Mohammed Abdul Fahdawi Minister for Electricity

Mr. Taleb a spectrum Kikhany Minister of Reconstruction and Housing

Mr. Bayan Jabr, Minister of Transport

Mr. Kadhim Hassan Rashed and Minister of Communications

Mr. Mohammed Xiaa Sudanese Minister for Ozerh Labour and Social Affairs

Ms. Adela Hammoud health minister

Mr. Ibrahim Turki al-Jubouri, the Minister for the Environment

Mr. Mohammed Mlas Minister for Trade

Mr. Joseph Knight, Minister of the Ministry of Science and technology to

Mr. Abdul-Hussein Abdul Redha Abtan Minister for Youth and Sports

Mr. Ahmed Abdullah al-Jubouri Ozerh Minister of State for Provincial Affairs and the House of Representatives

Mr. Abdul-Karim Younes, Minister of Municipalities

The remaining ministries managed by proxy for a week until the agreement between the political blocs

***********

Frank26: For YOU KTFA Family and TEAMS..

Interior and Defense Ministers rejected.

PM Abadi says he will fill these positions himself until the new Parliament votes on them next week.

Mehdi who is with Islamic Supreme Council is now the new Oil Minister.

Jaafari is now the Foreign Minister.

ITEAM heard that Maliki, Allawi, and Najafi have been given Vice President positions.

GHOST is very excited about he is guarding.

All this…….as of 3:36 pm EST

DELTA…….I AGREE GOI IS A GO

F26.

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

GET:

[lgtennis] Delta .. Family we have a new gov

[jgrines] minister of Defense and Interior will be voted on next week

[lgtennis] MSM is now reporting Iraqi parliament approves new government headed by Haider al-Abadi Reuters 17 minutes ago BAGHDAD (Reuters) – The Iraqi parliament approved a new government headed by Haider Abadi as prime minister on Monday night. No interior or defense minister was named but Abadi pledged to do so within a week. Adel Abdel Mehdi from the Islamic Supreme Council of Iraq was named oil minister while Ibrahim Jafaari, a former premier, was named foreign minister. The Iraqi government faces multiple crises, including the seizure of Sunni Muslim areas of the country by Islamic State fighters and other armed groups. (Reporting by Ned Parker; editing by Andrew Roche)

https://en-maktoob.news.yahoo.com/iraqi-parliament-approves-government-headed-haider-al-abadi-194521318.html

**********

[JACQUE47] Urgent ….. Ebadi’s cabinet recite oath Monday, 08 September 2014 22:26 | PDF | Print | E-mail Baghdad (AIN) –The members of the Cabinet chosen by the Designated Prime Minister Haider al-Ebadi have recited the constitutional oath during the parliament session of Monday evening. /End/

http://www.alliraqnews.com/en/index.php/political-news/57825-urgent–ebadis-cabinet-recite-oath-.html

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I4U:

FLPatriot59] BREAKING: Iraq PM reads the program of his government for the next four years. He promises to return the IDPs and implement decentralization.

 BigDog-OH] Iraq’s parliament approves new government 
http://www.aljazeera.com/news/middleeast/2014/09/iraq-government-20149819624345244.html
[xyz] Parliament votes by Majority on the government program 08/09/2014 21:46:00 BAGHDAD / NINA / House of Representatives voted by a majority of its members on the government program.   http://www.ninanews.com/english/News_Details.asp?ar95_VQ=HGIJIF

[xyz] Urgent …. 289 MPs attend parliament session   http://www.alliraqnews.com/en/index.php/political-news/57819-urgent–289-mps-attend-parliament-session-.html

Monday News Summaries by Aggiedad77 at KTFA

aggiedad77 » September 8th, 2014, 12:08 pm 

Monday News Summaries and Commentaries

The sneak peek at today’s news is showing us that there is growing excitement towards the announcement tonight of the new government and hopefully a positive support and vote from Parliament on the announcement.

Anticipation awaiting the announcement by the Government of Iraq Abadi

So….here we are on the 8th….and supposedly at 8:00 pm tonight Baghdad time we will see the final list of ministers from Abadi being presented to Parliament….though I believe he gave that list to the Speaker of Parliament this morning….so it can be reviewed in time for a vote tonight….we shall see….now this article mentions Sept 11th for the first time….could this truly be the last date for which Abadi would have to form his government.
….

Announcement lineup government Abadi and voted upon in Parliament this evening

Yet another article that continues to indicate some ongoing conflict with political blocs…..Speaker of Parliament is insisting the new government will be shown tonight at 8:00 pm Baghdad time…..if Abadi cannot get a positive vote from Parliament on the names he shares for his government then the President of the Republic has 15 days to provide another name for Prime Minister and that individual would have another 30 days in which to announce and seat their government…..Abadi has been adamant about his seeking competency and integrity with all his ministers….I am thinking he will get a vote of confidence from Parliament….soon and we will not have to witness yet another selection for PM.

Iraqi government today .. If ratified politicians

More talk about the squabbles that are ongoing today, the bickering between political blocs for seats in the government….who should be where, who deserves what seat…..they have just a few hours to resolve differences and provide a list to Parliament….can they do it…..I believe there are many eyes on Iraq today and into their evening tonight to see what results will be forthcoming…..the Iranians and US both have had a large presence over the past couple of weeks and continue their presence even today.

Faleh applicable: the responsibility of approving the budget in 2014 is the responsibility of the new government

The one thing that remains certain about the 2014 budget is that it is still very much in a state of confusion…..I’m growing increasingly less concerned about the 2014 budget and more interested in seeing what laws are immediately addressed by the new government and Parliament as they move forward with the formation of the GOI.

Grace ministries week to amend the budget and the inclusion of actual income and expenditure

The new head of the temporary Finance committee is seeking numbers from a variety of sources in an attempt to piece together a 2014 budget based on what has been received as revenues and spend as expenditures from the beginning of the year to the end of September 2014…..applauding her efforts in this but it almost seems like an effort in futility on the committee’s part….how quickly can they get something put together that can be approved…..half of September left…and only three months after that….shaking my head.

National Alliance will cancel all positions that have been granted in the caretaker government

Null and void is the word from the National Alliance when it come to any appointments that the caretaker government has done in the last few months….sort of throws Maliki’s attempts to control things into the wind.

Conflict intensifies booty to acquire CBI

Maliki is attempting to get caught with his hands in the cookie jar again….he has tried on several occasions to gain control of the reserve money protected by the CBI…but has always failed…..yet he still tries…..it is out of greed that he acts in this manner….but his want for money and power will get him in trouble in the long run if he persists….I remain a firm believer that the news of late about a prison term for Dr. Shabs is all generated by Maliki again in his attempt to stir things up…..and possibly take focus off his true intentions….watch the snake…always watch the snake.

Aajl..alnwab receive a copy of the government program and document the political agreement

Parliament members received a copy of the government program from the National Alliance….from Abadi that documents all political agreements that have been reached….this document will give light to Abadi’s intentions over the next 4 years on how things should be going in Iraq and how he will be committed to creating unity within Iraq’s political arena.

Central warns citizens from dealing with non-banking companies licensed

The CBI is warning citizens to be careful in choosing where they do their banking and to stay away from so-called non-banking entities that are not licensed by the CBI….in other words protect your money in the best way possible.

Shabibi for “range”: learn with me through the media and Government interventions in monetary policy harmful

Dr. Shabibi forever the calm, cool, and collected professional….claiming he is not aware of the alleged charges or prison term being held against him….neither he nor his attorneys have been made privy to this information he says…..he further claims that nothing has changed at the CBI since he left at the end of 2012….they continue their auctions as normal operations….he challenges anyone to find where he allegedly ran two sets of books with differing exchange rates….Shabs says that the charges are malicious in nature stemming from efforts by Maliki…..the real issue of all this stems from Shabibi’s efforts to keep the CBI separated from the GOI and in the end it cost him his job….one that he conducted well and with the highest of integrity.

Washington was in close contact .. Abadi demands to stay away from al-Maliki approach

It would appear that Washington has had a heavy hand in Abadi’s work to form his new government and in overcoming many of the demands placed upon him by the political blocs over the past few weeks….meanwhile he insists that he is staying away from anything that would appear like Maliki’s approach to running the government and country.

In the last hours of his rule .. Maliki appoints his chief Hamid behind the secretary of the Council of Ministers

Even in light of continued announcements by the National Alliance that any of Maliki’s appointments while a caretaker to the government will be stricken from the record, he continues to make appointments…..so goes the appointment of the new CBI governor….we believe there will be a new governor of the CBI…..just not one appointed by Maliki.

Kurdistan denies American pressure on Barzani to participate in next Iraqi government

The Kurds continue to carry forth their lofty attitudes….threats…pressure from the US….no we don’t have no pressure….Barzani claims that this news is faceless and without base….he says the Kurds are attempting to participate in the new government but have not seen any concessions forthcoming from Abadi or the National Alliance….well just maybe you have the cart before the horse.

We were calling for the adoption of the budget by the end of the year

Well the one thing this article is lacking is telling us which year they want to adopt…2014 or 2015….I still contend that 2014 is growing more senseless with each passing day….focus on 2015 and move forward….get it approved early if at all possible so as not to have a repeat of 2014.

Sumo: Adoption of the law of oil and gas key to the development of Iraq’s energy sector

What they need to pay attention to is that three parts of this law on oil and gas has already been approved…..there only remains the issues over the citizens part of the revenues….how that will be divided…..then they can move forward…this still is the premier of all laws that need to be passed…it can open up much greatness for Iraq if they can stack hands on a final version very soon.

After finishing the process of transferring Furniture presidential palaces .. Ahmed al-Maliki vacationing in London!

Well the son stole from the Presidential palace the furniture and who knows what else of the fine furnishings…now he takes a rest and can be found vacationing London…not surprising.

“Documents”: Maliki bought from Iran ahead of his departure weapons worth billions of dollars

Keep the receipts….Wal-Mart will take returns…..Maliki in his closing days bought weapons from Iran….to support their economy….with what kind of money….oh right all that money that isn’t his in the first place….one has to wonder which army is getting these weapons…the Iraqi’s or the ISIS.

The proliferation of security around the Green Zone before the government’s announcement

Security in the Green Zone is stepped up in preparation of the announcement of the new government, expected tonight around 8:00 pm Baghdad time.

A planned visit by the American secretary of defense to Baghdad

After a stop in Turkey where issues with DAASH were also discussed the US Secretary of Defense will be making stops in Erbil and Baghdad to talk about strategy in handling the terrorists located in the north and west part of Iraq currently.

Tamimi: Arming the army and displaced persons and the employees’ salaries and extinguish the debt of the state budget priorities

Regardless of the shambles the 2014 budget remains in the temporary Finance Committee says they remain committed to making payments to the army salaries and dealing with fiscal issues surrounding displaced persons, as well as state employee salaries….the bare bones minimum of what they could be doing.

Transparency expect the continuation of Iraqi corruption
I believe starting right with Abadi that many Iraqi’s would like to see this article proven wrong….that with transparency they will get a handle on corruption, especially within government….

I can’t help but think this has to be a major focal point for Abadi going forward with his government….time will tell.

Going to stop here and watch for that “announcement” we all await.

Randy

BLC Admin Tlm724 News & Comments

The government today in front of Parliament

[tlm724] The Presidency of the Council of Representatives has identified eight o’clock in the evening to give confidence to the new government after the receipt of parliament, the government formation of Prime Minister-designate Haider al-Abadi.

[tlm724] lets pray this goes off without a hitch  Wink 

[cat] just do lt
~~~

Global trade

[tlm724] pointed out that an international expert on Iraq’s accession to the WTO will bring multiple benefits *wolfwhistle*

[tlm724] should be noted that Iraq is working to join the organization wto what constitutes the importance of attracting foreign investment and the possibility of integration with the global economy and with the global financial markets

[tlm724] *hallelujah* duly noted !

[cstacy] very nice

[tlm724] it’s awesome to see them bringing up the WTO again ! It’s like Bondlady always says, if they are talking about something it means they are working baby !
~~~

Expert: No economic diversification without the private sector

[tlm724] in a move aimed at achieving economic boom

[tlm724] boom !

[tlm724] Ricchiardi to take this strategy into account the three tracks are the individual, the environment, economy and be active ingredient and lasting to achieve the renaissance of real development,

[tlm724] the New Iraq is right on the horizon !
~~~

Economic elites calls for investment of natural resources

[tlm724] said that the new government to put in its government program steps to the process of transition towards a market economy in accordance with the Law 19/2013 and the granting of provinces more powers in accordance with Article / 122 of the Constitution and enable the advancement of new responsibilities and preparing the federal budget under the new law so that you get the reallocation of the allocations of these ministries to the provinces.

[tlm724] calling to encourage the work of insurance companies, especially insurance on deposits and loans in order to get to the image complementary to the financial and banking sector,

pointing out that in the detailed legislation pointed to the importance of updating laws and legislation Banking and Finance to fit in with the requirements of the current stage and future, such as the Central Bank Law,

 the law of private banks, the law against money laundering, the law of Islamic banks, the law of the Securities Commission and the Trade Act and bookkeeping system business for income tax purposes

and the issuance of new laws such as the law firm guarantee deposits and activation instructions Funds investment and activation of restructuring the legal government banks.

[tlm724] pointed to the importance of updating laws and legislation Banking and Finance to fit in with the requirements of the current stage and future

[tlm724] indeed !

[tlm724] bring it on !

[tlm724] we’re ready
~~~

Net: three trillion dinars to increase the salaries of employees

[tlm724] after approving the budget during the next few days

[tlm724] denied the existence of the net deficit in the state budget for the current year, “confirming the existence of financial abundance.

[tlm724] *wolfwhistle* financial abundance.

[tlm724] and thats coming from the Minister of Finance !

[cat] love that one
~~~

Grace ministries week to amend the budget and the inclusion of actual income and expenditure

[tlm724] gave the Finance Committee a week interim ministries to amend the budget

  
[tlm724] that the committee held a meeting today and voted on during the paragraphs listed and send written to the ministries of finance, oil, and address the CB

[tlm724] nice Wink    all wrapped up with a bow
~~~
Iraq and Almizanah..bld rich and poor people!

[tlm724] rich country , poor people, that will change with the HCL proceeds to the people and greater purchasing power with the imminent increase in the dinar as well as job creation through the free market

http://www.bondladyscorner.com/t99649-morning-news-comments-9-08-2014

Indian rupee to hold at Rs 58-62 against US dollar: BofA

Indian rupee to hold at Rs 58-62 against US dollar: BofA

Indian Express – 9 hours ago

The appreciation in the US dollar notwithstanding, the rupee is expected to trade in the 58-62 range supported by softening of global oil prices and curbs on gold imports, says a Bank of America Merrill Lynch report.

Rupee logs six-week peak of 60.29 vs US dollar, up 10 paise – IBNLive
Nifty, Sensex in green; rupee at over 5-week high – Economic Times

India rupee up 15 paise against US dollar in early trade

India rupee up 15 paise against US dollar in early trade

Indian Express – 11 hours ago

Indian rupee recovered by 15 paise to 60.24 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters and banks amid sustained foreign fund inflows.

Memphis: “I Expect The Re-Pricing Of The IQD To Be Coming Soon”

Memphis Post Emailed To Recaps

Memphis  (Friday Night / Saturday Morning)  Today at 5:07 AM 

Being a rather extreme pragmatist I am doing just fine and in fact have been having moments of great excitement!  If you know me at all you know that I run from small mindedness and seek out the big picture in everything. 

On August11 I learned that Iraq had selected a seemingly nobody to be their next PM.  Who was this Mr. al-Abadi and why him? 

Before the hour had ended I found my answer, this ‘nobody’ had served as the president of Iraq’s parliamentary finance committee from 2011-present.  My mind was doing cartwheels! 
~~~

  I immediately ‘knew that I knew’ that they were about to form their new gov’t and that this man, this nobody, had been CHOSEN for the job by the same people who’s own personal greed is the driving force behind this entire currency event. 

Many of you have been asking my opinion on Maliki, Shabibi, the 2014 budget, etc etc.  Do we really care?  Recognize when you are allowing others to drag you down to their perspective (I call this the weeds) and then remove yourself and climb back up where you belong as there can be no big answers found down there.

 I don’t mean to appear short here, we can discuss these things til you all fall asleep and I am the last one standing but please get my point.  What value is there in it?  Does it add to our confidence?

I have no idea what the ‘dinar world’ has been saying these past weeks and nor have I cared as this is a matter that had to be worked out in MY mind for opinions mean nothing in building our confidence. 

I have not been shouting from the rooftops about my expectations for a few reasons:

1) there are so many voices already shouting that mine would mean nothing.  “just another opinion”

2) my personal life in August was far from normal.

3) I don’t need to be popular and am not drawn to those who do.  When I have nothing to say, I say nothing.

4) In the final analysis who cares?  If right, then soon we will all be promoted and none of this past clamoring for fame will mean a thing.

I expect the re-pricing of the IQD to be coming soon and I share this for the following reason:

Be ready. 

The voices that are proclaiming that the sky is falling are hurting my ears.  In all your dealings be “above” this.  I have taken you on a journey this year that was designed to elevate in our thinking and then to ask questions always from this higher plane.

If I took a survey of some basic global discussions many of you would test higher that you would expect and THAT has been my aim.

 Is the USD destined to die this year? 

Is a bail-in type event a near term possibility for US banks? 

Are the BRICS in a hostile takeover of the world financial system? 

I have great confidence in the answers to these questions and the answers (not opinions) have all been shown repeatedly in my blogs.  The point here is that going forward? 

The answers to all of your biggest questions/concerns are knowable.  The deception at times runs quite deep but even that can be seen and properly factored for! 

We have before us no excuses but only opportunity.  When Rick Wiles interviewed Peter J. Daniels a few months ago he asked if the coming transfer of wealth in the world was coming into the hands of believers and Mr Daniels (without a moments hesitation) gave the most simple and perfect reply:

“Not if we don’t take it!”

This sentence captures perfectly that which has been burning in my heart for nearly two years.  How blessed I am that God did not release this initial blessing to his people when I thought He should!  Shame on me. 

Is. 55:8,9 tells us to do what? 

In a Memphis paraphrase, we are to but….chill.

I am continuing to go deeper in my understanding of our world than I ever thought possible and yet my greatest enemy remains my own ignorance!   As we each go deeper?  We must not neglect to look to God for guidance for it is only He who can fill in these gaping holes (and much more!) with His Wisdom.

Current events could fill a novel so allow me to close with just a small snapshot of the western banking system.

Recently the big banks posted huge profits for 2nd qtr. 2014.  You may have missed the news tho that they did so with some clever accounting.  They cheated. 

Vast sums of money earmarked as reserves against potential losses were simply transferred to the other side of their balance sheet and counted as profit.  Such news ought to catch our attention guys as each day we see things playing out that will ultimately be paid for by the depositors. 

The regulators?  Those who should be minding the store?  They said it wasn’t right for the banks to do this.  Yep, that’s it.  Not even a slap on the wrist.

The article that follows is taken from ZeroHedge.com tonight and submitted by Simon Black, a guy I like.  Even Simon tho can mislead at times by omission as this quote illustrates:

“Even in the United States, renminbi payment business increased 327% last year!”

His above statement is true but he fails to tell the reader that China’s currency is but a fraction of 1% in US trade settlement.  The transition away from the USD for trade settlement is a process and Simon knows this. 

Not trying to beat up on him here but to force us to ALWAYS ask questions from an informed position else we might be played for fools in the days ahead.

The other side of that coin, the use of the USD in reserves is separate and distinct from the discussion of settling trade.  90% of the style=”display:none;”>_s are used as reserve.  THIS is an important fact to remember. 

If the USD goes belly up before there is a new reserve set in place?  Then everybody loses and thus this seems unlikely to happen.

The topic of zero and even negative rates of return on deposits from the banks (did you see what the Dutch Central Bank did this week?) is a precursor to bigger events and a further example that deflation is to be the destroyer of economies. 

Add in the failed system of socialism, NSA spying, and sovereign debts never seen before, and the picture becomes clear to the informed that this cycle is entering it’s last stages. 

The next few (3-5) years will bring many headlines and for those who will seize it, an opportunity that most generations never witness!

Memphis:   Century of Enslavement: The History of the Federal Reserve

If this sounds familiar, I recommended this several weeks ago as being of great value to all.  If you wish to see it, the entire 90min production has been offered free of charge by it’s author James Corbett on YouTube at:      http://youtu.be/5IJeemTQ7Vk

Memphis:  As a side note, I follow all of James’ YouTube channel updates and regard him as a good source for honest information.

I am out of words for now so let me close with a blessing from,  Memphis

~~ * ~~ * ~~ * ~~ * ~~ * ~~ * ~~

Everything That’s Wrong With Banking Summed Up In One Bonehead Advertisement

Tyler Durden’s picture

Submitted by Tyler Durden on 09/05/2014 21:00 -0400

Submitted by Simon Black via Sovereign Man blog [10],

If you’re looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%!

That’s right. ANZ is offering its depositors absolutely zero interest. [11]

Now, a bank paying 0% isn’t exactly abnormal in today’s banking environment. But what’s really strange is that ANZ actually took out an ad in an Australian newspaper to advertise this.

Yesterday’s page 10 of the Australian Financial Review (AFR) had a quarter-page ad from ANZ boasting about 0% interest rates for accounts denominated in a number of foreign currencies, including Hong Kong dollars, Japanese yen, British pounds, and more.

Curiously, in order to qualify for this bargain 0% rate, you have to meet a rather significant deposit minimum.

For the 0% Japanese yen account, for example, you have to deposit 23.5 million yen (currently about $223,000 US dollars).

So basically some manager at ANZ actually thought that paying 0% interest on substantial account minimums would be an attractive offer… so attractive, in fact, that they should brag about it in the newspaper.

This is so completely ridiculous. But it really crystalizes what’s wrong with the entire financial system.

We’re told to keep our money in banks… that banks are safe. But the objective data tells a completely different story.

Holding money in most banks guarantees that you will lose money.

Adjusting for taxes and inflation, you’re losing at least 2% per year, even if you believe the governments’ notoriously understated official inflation statistics.

This level of absurdity pushes people into riskier and riskier assets, simply in an effort to avoid LOSING money.

Case in point – the government of Spain recently issued 1 BILLION euros worth of bonds that yield a paltry 4%. And they’re due in 2064.

Bear in mind, Spain is completely broke. And just two years ago the government had to pay 7.5% on ten year notes.

Now people are lending money to the Spanish government for 50 freaking years at just 4%.

This is insane.

But couldn’t this insanity last forever? Couldn’t the grand wizards of the financial system continue to engineer one deranged bailout after another for decades to come?

Possibly. But unlikely.

Right now the US dollar is the world’s dominant reserve currency. This gives the United States nearly total control of the global financial system.

In order to clear cross-border trade transactions, foreign banks HAVE to use the US banking system (which is controlled by the US government).

Further, the rest of the world must essentially mirror US Federal Reserve policy.

But this power… and insanity… only lasts as long as the US dollar is the dominant reserve currency. And this is starting to change rapidly.

China’s renminbi is becoming much more widely accepted around the world for trade settlement; a number of foreign governments are now holding renminbi reserves and doing deals to promote trade in renminbi.

Even in the United States, renminbi payment business increased 327% last year, and the US is now the fifth largest offshore renminbi settlement center.

It’s no secret here, this is happening right under our noses. The financial system IS changing.

People who ignore this trend do so at their own financial peril.

Yet those who understand what’s happening and align themselves accordingly stand to make fortunes.

The Weimar Republic’s episode with hyperinflation in the 1920s is a great example.

Despite all the warning signs, most people did nothing… and they got wiped out.

A handful of people, though, saw the writing on the wall. They took steps to safeguard what they had. And they allocated their investment capital to bet that the currency would collapse.

They were right. And vast fortunes were created in a matter of months.

Throughout history there’s always a handful of people ahead of the trend. And they’re rewarded for their foresight.

Right now we’re in the very early stages of a similar transition– arguably one of the most important economic transformations since the Industrial Revolution.

Because of this, opportunities already abound if you know where to look. It’s an incredibly exciting time to be alive.
****************************************

Memphis   Part  2   Today  (Saturday)  at 3:18 PM 

In reflecting on last night’s blog it seemed good to speak further to my concern about all the fear mongers that are roaming about. 

Also, there are several new names (friends from KTFA that you would quickly recognize!) on my mailing list and so for the benefit of all I am re sending my blog from 07/28 that attempts to answer some fears of the USD’s soon demise.

Blessings,  Memphis

“…we must separate the dollar into two primary categories – trade and reserve. They perform two distinct functions…”   ~ Martin Armstrong

There are entirely too many people crying the the sky is falling as they point at the USD.   I warned against this in May/June when so many “opportunists” were using the July01 roll-out of FATCA to scare folks that this was to be the death of the dollar.

I have received many questions about such characters, asking if I “follow” them or “endorse” them.   My general and all encompassing reply, actually more of a litmus test, is as follows:

Read the following glimpse into THE REAL WORLD courtesy of Mr. Armstrong and then ask yourself if such balanced perspective is being offered by any particular “financial expert” that you consider.  If no?  Proceed at your own risk.

The following is therefore a further example of how we stay grounded, maintaining our elevated perspective despite all the voices that would drag us down to their micro (spelled: small-minded) view of the world. 

I could likely convince you on most anything I choose if done in the micro but that would be deceitful as it is only in the larger view that we can have an honest discussion and be equipped to then make…..decisions.

Does the USD have an expiration date?  Yes it does but let’s follow the real markers and then begin to lay down the stuff (can I say crap here) that we carry simply because so-and-so said it was important!  

The central planners are not flying blind here.  You think they do not recognize that FATCA and all other regulations are driving entire economies into the waiting arms of the BRICS?  [If you have yet to read Friday's newsletter RE: Are the BRICS Taking Over the World?  by JC Collins, it is important.]

Things are not so complicated as we are made to believe.  I daily see/hear what can only be called dis-information, things put out with the expressed purpose of making YOU chase your own tail.  It’s a sick world!

As things develop (devolve) further and our legitimate concerns grow?  We can then act with confidence and make wise decisions to both preserve and grow what God has so richly blessed (entrusted) us with.

To share a favorite quote that I wish was mine:

“Better a year too early than a day too late.”

Blessings, Memphis

Memphis note:  based on reports it appears that these “newsletters” are easily reaching several hundred people that I know nothing about. 

I hope these efforts to equip are being absorbed and received as intended, as a further “equipping of the saints”, for that is my mission here. 

I guess my concern is that all might see the need as clearly as I do but I am certain that such concerns will vanish on the day after the re-pricing of the dinar for on THAT day many will awake and find themselves suddenly overwhelmed with clarity.

Killing the Dollar    Posted on  July 15, 2014 by Martin Armstrong

Dollar-Note

The recent attempts by the USA to impose huge fines on foreign banks for violating US sanctions with Iran based solely on transactions in dollars is having the same impact as FATCA. The US Justice banking penalties are becoming a threat to the dollar being used in such transactions.

While this is unlikely to cause the decline in the dollar as a reserve currency, for transactions, firms and banks are starting to plan to replace the US dollar as a trading currency.

This growing fear of the future penalties from the US authorities is starting the process in motion whereby we will eventually move to a new international reserve currency.

The efforts of Russia and China to establish trade in their currencies is interesting but not a threat to the reserve status of the dollar. That is separate and distinct from the trading status of the dollar.

One can trade in any currency, but where do you park money?

That can still only be the dollar where there is a deep market (reserve). So we must separate the dollar into these two primary categories – trade and reserve. They perform two distinct functions.

 The Euro never got off the ground as a reserve currency and is second to even the Chinese yuan in trade. Because the Euro would not create a consolidated debt, they prevented the second prong from forming – the place to park money.

You can conduct trade in yuan, but you cannot park trillions of dollars in yuan or rubles no less euros. So you trade in whatever you like, but you convert to dollars to bank it.

Major banks can switch out of dollars to for any transaction thereby avoiding US sanctions. After the transaction takes place, the parties can flip into dollars to park it. The US Justice Department will then be defeated [in their hunt for money].
Nevertheless, FATCA and the drive to punish foreign banks with billions in fines for acts outside the USA is creating the subtle shift toward a world currency at the reserve level for trade and parking.

This trend is in motion always. Whatever these people can do to serve their personal interests will set in motion the ultimate drive to a new world reserve currency that cannot be based upon any single nation.

BLC Admin Tlm724 News & Comments

Abadi rejects conditions Unconstitutional

[tlm724] Abadi, the reasons for the delay in providing the names of his cabinet to the insistence of some of the blocks to put up candidates did not meet the conditions set

[tlm724] al-Jubouri, told all of Representatives must be ready at any moment and not to leave their whereabouts

[tlm724] you tell them !

[tlm724] the old ways are outta there !
~~~

Baghdadi handles near the Syrian border

[tlm724] I learned the morning from informed sources that the terrorist Abu Bakr al-Baghdadi was severely wounded in the chest following the air strike fighter Iraqi Walker of Okarh in the region between the Afar and Sinjar near the Syrian border.

[tlm724] Lord let it be so ! Cut off the head of that snake !
~~~

Experts and specialists claim to the next government to adopt a modern economic vision for the advancement of the country

[tlm724] the importance of adopting a new mechanism for the management of the country’s economy through the use of research and experts and leave the mechanisms of old,
~~~

naúb For the National: the end of the negotiations, the blocks and the government will be announced tonight

[tlm724] *hallelujah* “the ministerial cab will be announced on Sunday night
~~~

Abadi demanding blocs to submit candidates for the ministries of oil and transport of Basra exclusively

[tlm724] “the province Basra is the main source of budget finance for Iraq, as well as window Iraq Navy,

[tlm724] and urged the political blocs to” provide candidates from the province exclusively to the ministries of oil and transportation
~~~

Jubouri threatens to expose the dealers “chairs” of the year!

[tlm724] here is his facebook page

https://www.facebook.com/Dr.Salim.AlJubouri

[tlm724] that two of the leaders of the political blocs offer sheet the demands of the Union of Forces for sale in return for Ministries and gains and positions

[tlm724] Jubouri said, “will reveal soon and will be a lesson to those who take it,

[tlm724] do it, expose those DB’s !!

[tlm724] al-Jubouri announced his refusal to appoint new ministers in the last hours

[tlm724] *slap* them Jubouri ! lets get this show on the road !
~~~

Deputy for Allawi’s coalition:’re going to form a government and will be announced today or tomorrow, Monday

[tlm724] just like Bondlady said Allawi will play nice now that Jubouri threatened to expose those MP’s trying to stop progress 

[tlm724] he was overcome all the obstacles that stand in their way.” Hussein added that “there have been attempts to block the formation of the government, but all the political blocs agreed on expediting formed, and will be the announcement of the composition of the government anticipated today or tomorrow,

[tlm724] Haider Abadi assured the Iraqi street to form a government in accordance with the anticipated duration of the specific constitutional, pointing out that he “will be presented to parliament chosen [during the next few hours".

[tlm724] *hallelujah* Abadi and Jubouri are kicking butt !
~~~

Finance Committee completed temporary discuss the federal budget in 2014

[tlm724] now the important parts   

to move forward toward passing the bill the federal budget for 2014 and vote on them this month and a full-time to balance the 2015 beginning of the month of October next

[tlm724] finish up 2014 this week then beginning in Oct they will start on 2015 budget

And saw MP Hanan al determine that the time limit is a very important week and the deadline is sufficient for the government to decide on the federal budget.

[tlm724] one week to pass the 2014 budget

In turn, confirmed Talabani’s deputy, but the need to join the Interim Committee to the Finance Committee of the Standing being fully aware of the numbers and the revenues of oil exports and financial accounts, expressing their support for the government before the deadline week.

[tlm724] being fully aware of the numbers and the revenues of oil exports and financial accounts,

[tlm724] expressing their support for the government before the deadline week

[tlm724] Talabani’s deputy, kurds are getting their whey 

the emphasis on the existence of a common vision with the government and leave the differences aside for the sake of the Iraqi people.

[tlm724] *hallelujah*

The recommendations included Kurdish blocs, the ratification of the commitments of the ruling of the external debt and international commitments and contributions to international organizations and approving emergency funds specific to the conditions of security and displaced people in addition to the work on the launch of (1/12) of the budget for the entitlement to the Kurdistan region from the date of 01.02.2014 and vote on the remainder of the fiscal year.

[tlm724] to the work on the launch of (1/12) of the budget for the entitlement to the Kurdistan region from the date of 01.02.2014 and vote on the remainder of the fiscal year.

[tlm724] Kurdish entitlements !

the terms of the punitive terms of reference of the Federal Court exclusively in consideration of disputes and differences that may arise between the provinces and the federal government or with the provinces.

[tlm724] so the budget is much more than just money here   

[tlm724] the kurds are going to get what they deserve and quick !

[tlm724] fed court law must addressed quickly as well

[tlm724] I like it very much   

[tlm724] they have agreed on the amendments !

[tlm724] and now not only will Allawi play nice but so will the kurds   

[tlm724] I believe that this was part of the hold up, just sayin…
~~~~~~

[tlm724] good things happening
[tlm724] GOI should be formed within the next 24 hours, the budget amendments will be presented and voted within a week, Kurds will happy and Allawi has been put in check !

[tlm724] it’s all good – oh and the US Air Force is blowing the crap out of ISIS !  *m16* *bomb* *44mag*

http://www.bondladyscorner.com/t99577-morning-news-comments-9-07-2014