Monthly Archives: February 2014


OkieOilMan & OOM&F Chat

[..OKIEOILMAN] GOOD MORNING AMERICA-(-NORMALLY SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS)–

THIS POST IS ONLY APPLICABLE TO U.S.A. CITIZENS ONLY.

 AFTER MONDAY I WILL MAKE A POST EXPLAINING WHY WE ARE STILL HERE AWAITING OUR BLESSING TO COME TO FRUITION. WELL  —  

AS PAUL HARVEY SAID–HERE IS THE (PARTIAL) REST OF THE STORY.

ALTHOUGH IT MAY BE HARD TO COMPREHEND IT HAS BEEN TO OUR BENEFIT AND ADVANTAGE THAT WE HAVEN’T CASHED OUR (out) PREVIOUSLY.

I WILL GIVE THE DETAILS OF THIS STATEMENT AFTER MONDAY.

 YOU WILL BE SURPRISED AND GRATEFUL AS WELL.

WE WILL THEN UNDERSTAND THE REASON FOR THE DELAY AND THE BENEFIT IT HAS BEEN FOR US.

 THIS MAY SEEM IRONIC TODAY BUT YOU WILL TOTALLY UNDERSTAND AFTER MONDAY.—VERY INVOLVED SCENARIO INVOLVED——-BLESSINGS GALORE


Iraq Financial News Articles  With KTFA’s Frank Comments

Why collapse of Iraq’s economy and its financial system ?

Loyalty Said al-Samarrai

FEBRUARY 27, 2014

Warned Nouri al-Maliki, Iraq’s prime minister a few days before the collapse of the Iraqi economy and its financial system , and preached the Iraqi people, a deficit of 35 billion dollars this year.

 There are those who say that the fiscal deficit is the real more than mention much , figuring out where a member of the Finance Committee in parliament, Hassan al-Bayati No. fifty trillion dinars , in a country that is the budget for 2013 amounting to 118.6 billion dollars, one of the highest budgets of the region !

I wonder why the economy is collapsing Iraq invaders who wanted him to return to the market economy and into the arms of the International Monetary Fund ?

Read More Link On Right

Many states facing budget fiscal deficit , because of the plans of the explosive for construction and investment in basic services such as housing , electricity, energy , hospitals, universities , tourism, health and social security of the people, and the construction of roads, bridges, railways , and modernization of the fleet of civil aviation .. etc. ,

which already requires an exchange of several billion in each sector , and this is what we see in the Arab countries, small about Iraq , you buy a year and billions in technology , planes and equipment to expand its projects and development ,

 investing them serve their people are few in number and their budgets , and affects the deficit also states very rich and sophisticated industrially due to lower total output of the country , or because of the debt overhang and the inability repayment , and many other reasons . But the fiscal deficit in Iraq calls for wonder !

And evaporation Milirath raise questions not the first nor last , starting from questions of Iraqi citizens oppressed who has no right , but to read the numbers fantasy budgets of the country for several years , without having the right to just dream the return of electricity to his home ,

 let alone plans for explosive economic development and construction , there is no one needs to economists and to the experts to see and touch that Iraq did not know a development plan for the Iraqi economy , and plans to build no plans explosive nor monitoring of large-scale projects in health insurance or social , have not seen no development,

no building nor investment nor a development or rehabilitation without the support of private sector neither in nor initiatives in any field demonstrates governmental interest , and that if it is found , and this is what it reveals reports ,

goal of the theft and commissions organized in the state already , hence the reluctance and failure to accomplish any project even if it is small , but that the Iraqi and the other sees a deterioration blatant and unfortunate artery primary – Economy – a country like Iraq , which in spite of what has been the wars and debt , he remained until 2003 was at least able to distribute ration card – flour and tea and sugar , and oil, and soap and rice and beans and powdered laundry and baby milk every month and regularly –

 in a fair and acceptable to the majority of people that laments the day the looting of this card from the state and its workers and deputies and the lack of materials and poor quality and manipulated and stolen, and that has not left them only one article or two of the worst kinds of materials , are distributed every three months ?

 If this is the case management of the ration card , let alone in the management of Iraq’s economy ? And what is the case in other sectors ?

In Iraq today, about six thousand project laggard because of fraud , bribery and embezzlement , and there is not a financial regulator as we had before the invasion , and do not differentiate bodies created between technical errors and corruption , is no longer the architect of Iraq with the efficiency of any value because it is marginalized completely , and withdraw this case the most industrial sectors in Iraq .

The lives of the Iraqi people phenomena of rising prices and the high cost of living , unemployment and the war on traders because of the lack of controls by the state that leave the chaos and power control card citizen’s purchasing power.

As the increase that occurred in salaries at the beginning of the invasion swallowed by inflation , complaining Iraqi families from price rises and evaporation paid quickly that goes into rents fairy compared to the average salary in Iraq and to the greed of traders are taking advantage of the chaos and lack of price controls to raise the prices of food and real estate prices and the other ,

which got to increase the 1000’s for the final . opinion but what Iraqi economists of all the problems that beset the economy of Iraq and its financial system and the position of the Iraqi government Ashkalyate ?

On the Iraqi economists read many topics dealing with various points of the Iraqi economy and the budget and the national industry and the role of business in the economy and the issues and the prospects for reform and change , and many other repeat what unmask corruption , bribery and neglect services , industry and economy in Iraq since the ‘ liberation barbaric Atlantic and the destruction of the Iraqi state ‘ ,

but topics descriptive mostly re- deploy exposed in the Iraqi media and global , and its members are the people originally came with the occupation and received ministerial posts , and some of them is accused of squatters on funds and banks .

On this site , for example, according to Dr. Majid picture in an article about the corruption issue laws between 2003-2005 concerning the organization of the State Administration of economic, military , such as the Financial Administration Act , public debt, and the law of the Central Bank , banks and budget laws , which are issued annually , was signed contracts with banking institutions international , such as the International Monetary Fund

, says Dr Suri that the application of these laws that would develop Iraq to high levels in all respects , but instead has been making decisions is studied in state-building dominated by solutions improvised and sectarian interests , ethnic and partisan and factional and individual ,

has been appointed people incompetent in the job , they are mired in corruption and ministries have become citadels of sectarianism and nepotism .

He pointed out that the embezzled billions of Supreme Audit between 2005 – 2008 tens of billions between the presidency and the defense , energy and electricity , down to 2013 and the occupation of Iraq ranked first in corruption par excellence.

And the Office of Financial Supervision made ​​remarks on the construction and ages in 2013 , including for example : put the cost of speculative exaggeration or inadequate for the purpose of implementation , which means inaccuracies .

Invitations to companies that are not sober or fake , or companies did not materialize of its existence, in addition to the disbursement or commitment to enter without provisions and without the completion of the work . The lack of accuracy in the estimation of the annual budget … etc. .

But many economists do not point out in their articles never to the laws of war criminal Paul Bremer, the U.S. enacted all laws proposed by the neo-conservatives to the destruction of the Iraqi state and turn it into a scrap with all its institutions and Menahiha ,

to become the United States is the primary beneficiary . But more importantly, in these articles economists who are ashamed to face the basic facts of what is happening in Iraq , like the politicians , some of them wrapped and spins so as not to scratch the General Commander of the Armed Forces does not lose his job and salaries .

And it is certain that the occupier did not come to build neither he nor his governments and that Iraq managed foreign companies brought in to privatize everything in it and get huge profits are not allowed for the Iraqi people , but those who participated to the crime and that is not to say any of the economic network of Iraqi economists for reasons unknown.

‘ Writer from Iraq                         http://www.faceiraq.com/inews.php?id=2504018
*********************************

Barzani and Responsibility

February 28, 2014

Massoud Barzani, whether he is a legal or caretaker president of the Kurdistan region, now has a major responsibility than any time in history for two main reasons. They are as follows:

First: delays in salary. People rely on their salary. It is related to the running of everyday life affairs.

Second: delay of the formation of the eighth cabinet of the Kurdistan Regional Government (KRG).

We have to take this issue seriously into consideration and ask ourselves what is more important: the well-being of the citizens of Kurdistan region or a Party‌’s interests? The political parties have to put an end to the dramas of the formation of the new cabinet.

Those parties never give a chance to others to defend the right of people, yet claim to protect their general interest in their political and un-political discourse. They must put an end to their illogical justification. Those parties see themselves as the sufferer of the past, present, and future.

Now we have to ask Mr. Barzani: when will these problems be solved? The general public must know why there is a delay in salary, lack of cash in the banks and five months have passed but the eighth cabinet is not formed yet. If you do not investigate these problems, who else will?

Mr. Barzani, you have to know that 160 days is more than enough to form a cabinet. The KRG could not bear one month‌’s lack of cash in the banks and the fact that the Central Governmentwww.Ekurd.net cut the Kurdish share of the budget.

Ironically, the KRG considers itself as a prominent country on the world energy map. The KRG should consider the future generations‌ welfare and should have enough savings and reserve to assure the future generation.

What are the reasons? Is it Nuri Al- Maliki, Iraqi Prime Minister? Is it the KRG‌’s lack of planning? Whatever the reasons, the KRG should be held accountable. We have to confess to our failures and shortcomings.

Why is the Central Government not sending the employees‌’ salaries? Is it our fault? We have to be responsible and solve the administrative issues of the KRG‌’s institutions.

We have to realize that we have a political relation with Baghdad and that we administrate our people, not Baghdad. Barzani you now face a historical task.

http://ekurd.net/mismas/articles/misc2014/2/state7787.htm



Post By walkingstick » February 28th, 2014, 11:18 am  • =”

Frank26″:  WS …….. I SO LIKE THIS TOO !!!   KTFA,   Frank

Post By walkingstick » February 27th, 2014, 3:00 pm • [Post 303]

BF

The US Treasury Department delegation showed his country’s readiness to support the efforts of Iraq to strengthen the financial and banking system

25-02-2013 07:07 PM

Baghdad (newsletter).Search Cabinet Secretary Ali Mohsen Ismail on Monday with a delegation from the US Treasury Department, headed by Deputy Minister Mr. David Cohen and his entourage, ways to support the financial and banking system in Iraq and review the efforts of Iraq in the fight against money-laundering.

The Secretary-General of the Council of Ministers, said in a statement it had received (News Agency), the reform steps taken by Iraq on the report of the Working Group of the Middle East and North Africa, and on the report of the detailed evaluation of the Republic of Iraq on combating money-laundering and amend the anti-money laundering Act and activating the role of the Office in charge of the control of the Central Bank and other procedures.

It said: Deputy Secretary of the US Treasury expressed his country’s readiness to support the efforts of Iraq to strengthen the financial and banking system and transferring international experiences on control measures and control the movement of funds to combat money-laundering linked to corruption or organized crime or terrorism/finished/s. a./[/quote]

Abadi discusses the draft federal budget law with a delegation from the U.S. Treasury Department

02/27/2014 14:28:00

BAGHDAD / Nina / discussed the president of the parliamentary Finance Committee Haider Abadi with a delegation from the U.S. Treasury Department Landau Bakool bill the federal budget for the year 2014. According to a statement of the Finance Committee representative, “It was during the meeting today to review the technical support and expertise provided by the U.S. Treasury Department in Iraq and support the financial and banking sector and elevate it to the level of developed countries. “/ Finished 6

http://www.ninanews.com/arabic/News_Details.asp?ar95_VQ=GMMEMH
     

  Frank:  I Like things in THREES. UST is my newest favorite …………. THREES !!!

WS …….. They have completed Your desires …… LOL ……. Rate is next.   KTFA,

Basically ……….. USA is doing all it wants in the M.E. right now.

Even a mean dog likes it’s belly rubbed now and then. KTFA,  Frank

OKIEOILMAN UPDATE, 28 FEB

[..OKIEOILMAN] GOOD MORNING AMERICA-(-NORMALLY SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS)–THIS POST IS ONLY APPLICABLE TO U.S.A. CITIZENS ONLY. 

AFTER MONDAY I WILL MAKE A POST EXPLAINING WHY WE ARE STILL HERE AWAITING OUR BLESSING TO COME TO FRUITION. WELL–AS PAUL HARVEY SAID–HERE IS THE (PARTIAL) REST OF THE STORY. ALTHOUGH IT MAY BE HARD TO COMPREHEND IT HAS BEEN TO OUR BENEFIT AND

DAZ CHAT FROM TNT FORUM, 28 FEB

TNT:[freewill] gm tnt …… let’s see what today brings. Maybe we’re closer than we think!Rrrr: **** Newsflash… Guru Blaino from Planet Dinar, who has never agreed with Tony’s optimisim put out a “MAXIMUM ALERT” on the RV last night

Daz:  since we have no bad news its reasonable to assume that the process still continues. We know the inputs were now being done manually and also a series of

Friday Morning Dinar Chatter

TNT:

[freewill] gm tnt …… let’s see what today brings. Maybe we’re closer than we think!

Rrrr: **** Newsflash… Guru Blaino from Planet Dinar, who has never agreed with Tony’s optimisim put out a “MAXIMUM ALERT” on the RV last night

Daz:  since we have no bad news its reasonable to assume that the process still continues. We know the inputs were now being done manually and also a series of safety checks were applied along the way..we dont know how long that process will take but understand that its in play…lets see how it rolls out and look forward

Frenchy:  Logic Says if they Cashed out 100,000 Flawlessly Illegally Than why when there are ONLY about 50,000 of us Actually Watching this, The other 4,950,000 That MAYBE Hold Are Not Watching it or Have Forgotten About it Long ago, WHY the Torture for the 50,000 of Us That will Make Appointments??????????????

Daz: IT WAS EASY TO MANAGE 100K SOPHISTICATED INVESTORS THROUGH A NETWORKED SYSTEM OF KNOWN CONTACTS OVER A 60 DAY PERIOD……THAT PART WORKED. THE TESTS NOW I ASSUME ARE TO PREPARE FOR 5 MILL UNSOPHISTICATED ANXIOUS PEEPS WITHOUT EXPERIENCE OR CONTACTS IN AN UNCONTROLLED FLURRY TO GET THROUGH A SYSTEM IN 30 DAYS…BIG DIFFERENCE
….
Read More Link on Right

Scarlett:  thank you Daz…I guess I can understand that…however, they really do not know us and are assuming we are not sophisticated. most of us run businesses which most politicians have no clue how to run a business, look at the state of our gov. Thanks again sorry for the venting

TexasAngel33 :@DAZ: there has been more than 4 years for planning and execution. the issues should not revolve around uneducated peeps, they will take care of themselves. nothing can prepare everyone, things should not be complicated this bad. there is no choice but to even the global financial market unless they want to bypass paper currencies in general and roll these into EFTs. History proves you can cure stupid and can only treat ignorance

cake :maybe they had 10 years to prepare but they were asleep at the wheel. 5mil people caught them off guard

Tndr : Hey folks, don’t miss Daz’s point which is related to numbers/quantities of exchanges. 100k compared to 5M is minimal but allowed for an exercise as well as understanding of how best to process many. I do not claim to know much about the process but it is understandable that this is a complicated one.

JAD1 :We have been told over and over again that the system is ready and the exchangers are ready nationwide. We have also been told many times they feel we can be processed 99 % in 3-7 days so why would they be worried about an onslaught of people. They have created this mess and need to see it through

[imperium] How sophisticated or unsophisticated do you have to be to do a currency exchange. People do it everyday at airports. It’s not rocket science.

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

I4U:


[Papa Bear] GM DINAR FAMILY.TGIF. Good to see our friend GB was in for visit last night.

[Papa Bear] I suppose that sice Blaino has gone to an alert. The least I can say is The gale and storm warnings are over. Maybe now SUNSHINE AND WARMTH. We pray

[Bear’sOpenHeart] Papa Bear I am ready to be done with storms ,looking for smooth sailing in my future..

[Papa Bear] Let me also say this is Friday in Dinar Land with lots of rumors in Forest

[Rocky49] Papa Bear Care to share any rumors? Or is it a little too early in the day?

[Papa Bear] SQ and others dont have me in our Castle for rumors.

[Rocky49] Treat all info as rumors until you get to the bank. Then treat it for what it is a true blessing from God.

[cashinqueen] i am assuming its rumor that this gold back date of march 4th is only rumor no concrete info right ty

[terrib] cashinqueen havent found anything yet on that hon

[scrench] Rumors : a statement or report current without known authority for its truth

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

MIG:

hub] i have said several times that history shows iraq has had a stong international currency for hundreds of years and will do so again….if you have been watching the acticles brought in by a couple of the article bringers, is that a word?, then you will see they are up against the time line to bring the dinar back.

iraq, imf, ust, bis or WHO ever is up against it to do this. so i think, forget the info, gurus, and such, and just watch what iraq must do to be who they have been and what to be again, i think we are there, just a matter of going internationally live…….

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

GET:


Topic: To thine own self be true, and it must follow, as the night the day, thou canst not then be false to any man. William Shakespeare

[alabamagal] if we are as close to this ride being over as some say, my wish for all of you is that you stay focused and grounded .. and that all the promises that you have made along this journey, you stay true too..

[sonnyday] Another one hits the dust…Another JP Morgan Employee dead at 34:     http://newswire-24.com/2014/02/26/another-jpmorgan-employee-dead-at-34/

sonnyday] the govt is broke…they can’t get $…we’re close…watch stock mkt. budgets just keep getting extended…therein lies the story. bankers dieing faster

wmawhite [new guru] Years ago I used to get excited over rumors/intel…not anymore. Today because of the FACTS I am confident about this happening relatively soon. I concentrate upon what we know that is coming from the CBI/WB/IMF/GOI and because of their actions they have painted themselves into a corner and they must take action in the NEAR term to resolve the currency issues.

Again, near term…that is much sooner then April 2014. This is coming together everyday right in front of us…this is a process that is planned and executed correctly. the actions that the CBI and GOI have now taken would not be done unless everything else is ready to be put into place when needed. they have sucked the IQD off the streets and have required it to be used nation wide…

what is left is to put the LDs out but only at a new rate. Just IMO, we will see the rate before we see the budget. Therefore, we are close.

GEORGIABOY CHAT, 28FEB

[..SweetQueen] I HAVE BEEN CHATTING WITH A DEAR OLD FRIEND IN IM, AND AS I TOLD THE MODS HE IS AMONGST THE TOP INTEL PROVIDERS I SOOOO RESPECT AND HE WILL JOIN US TONIGHT.[..SweetQueen] AND JUST SO ALL OF YOU KNOW THIS IS THE ORIGINAL Georgiaboy not the one on conference calls.[Georgiaboy] ..SweetQueen lol, thanks[Georgiaboy] hi all[jtwest] Georgiaboy whats the latest !!!!![cosmickid] so much

BLUWOLF POST: “LET’S GET DONE”, 28 FEB

Let’s get done – Early Friday Morning Bluwolf post It is appropriate that I speak on behave of all Americans who see it fit to let this government ( president, congress, senate ) know that they need to stop acting like children fighting over one sandbox and to get down to solving the economical urgencies of this great nation, its people and the world.There is a lot of need in the streets and

KTFA’s Frank26 & Members Morning Tidbits

agold wrote on February 27th, 2014, 11:23 pm:We have read the IMF (and others) want to ”balance” world currencies based on each nations “natural resources”. Some have questioned the wisdom of this. Martin Armstrong, the economist sure does.

First his comment on free market, Bretton Woods and the Ukraine currency:

“The free market is what took Russia down precisely as the Russian Economist N.D. Kondratieff warned and was killed for by Stalin.

The free markets also broke the back of the West’s Gold Standard established at Bretton Woods in the Panic of 1971.

The central bank of Ukraine has no choice but to abandon the peg of its currency to the US dollar and allow it to freely float because of the pressure from the free markets.”

Read More Link On Right

  Then his comment on use of natural resources on which to peg currency value:

“With all of this political posturing, there is a bottom line here that people refuse to look at. Adam Smith has been absolutely correct.

The Wealth of a Nation is not its natural resources or “tangible” wealth, but the total productivity of the nation be it brute force labor tilling the soil or intellectual. Ideas can be worth more than hard labor for they allow are the fuel of advancement and innovation.

Invading countries and destroying everything not to mention killing millions of people is really no longer necessary.

The PROOF that Adam Smith was correct is simply the fact that Japan rose from the ashes to become the second largest economy in the world without any natural resources to speak of. It was the TOTAL PRODUCTIVITY of Japan – not its resources.

China has been doing the same buying up resources. Europe has raised its taxes and regulation stifling the creation of new business reducing its productivity. War does not pay – it costs a nation its real ability to advance”

Source http://armstrongeconomics.com/2014/02/

What he describes that is going on in Europe is being done in USA and most other nations. Governments in Europe and USA have been raising taxes and regulations and creating debt like there is no tomorrow – each and everyone one of these stifle a nation’s Total Productivity and as a consequence the value of their currency.

I think it is safe to say the planned revalue of world currencies based upon each nations natural resources is not based on a free market and thus will fail miserably for all concerned. I hope and pray this is not the result but according to Armstrong’s “Cycle of War”, financial collapse precedes war.

Post by Sager » February 28th, 2014,  Thanks Agold, great piece. Isn’t Iraq being prepared to enter/become a free market? If so, could this affect the holding of dinars short, medium or long term, post-rv?    Sager

Post by whatever » February 27th, 2014,  I have a general math question for anyone out there: What is 1.6 trillion divided by one billion? Thank you!

Post by mcdan » February 27th, 2014, one billion x 1,600,000,000 billion equals 1,600,000,000,000 trillion

Post by Terry43 » February 28th, 2014, Here’s the scientific notation approach:

1.6 x 10 to the 12th power divided by 1 X 10 to the 9th power = 1600.

Onward & upward mathematically…for His Glory alone!   Terry43

Post by mcdan » February 28th, 2014, Which is one billion and 600 million.

Post by Frank26 » February 28th, 2014,  Hmmm…. When You finally figure it out You will see it is .. 1 to 1.      Aloha Dreams …….. :hangloose:  KTFA, Frank

Post by Terry43 » February 28th, 2014, A trillion has 12 zeros, and a billion has 9 zeros, so the difference between them is a factor of 1000. Thus, 1.6 T divided by 1 B = 1.6 X 1000, or 1600.

These are figures that are a daily routine for Warren Buffet, but certainly not for some of the rest of us…not just quite yet, anyway.  Onward & upward multiplyingly…for His Glory alone!   Terry43

Post by AzProf » February 28th, 2014,  Let me try..

In US dollars.. 1.6 tril dinar = 1,600,000,000,000 x .00086 = $1,376,000,000.

$1,376,000,000 / 1,000,000,000 (1 bil dinar)= 1.376, so..

1 billion dinar at the new rate of 1.37 = 1.6 tril dinar at the old rate…… maybe

walkongstick wrote on February 27th, 2014, 5:08 pm:Finance Committee Chairman meets delegation from the U.S. Treasury Department

February 27, 2014

    Met with MP Haider al-Abadi Chairman of the Finance Committee and a delegation from the U.S. Treasury Department, headed by Mr. Landau Bakool on Wednesday, 26/02/2014 at the Commission’s headquarters.

    During the meeting, the review of technical support and expertise provided by the U.S. Treasury Department in Iraq and its support for the financial and banking sector and elevate it to the level of developed countries.

    The meeting dealt with the latest developments that have taken place on the draft general budget of the Federal Republic of Iraq for the fiscal year of 2014.

    http://translate.google.com/translate?hl=en&ie=UTF8&rurl=translate.google.com&sl=ar&tl=en&u=http://www.parliament.iq/

Frank wrote:  OOOOOOOOOOOOOOOh my.   Wow !!! Sometimes KTFA Family ……….. We can stand on a buried treasure or at the end of a Rainbow ………… And still miss it. TY WS ….. TY !!!  KTFA,  Frank

Chilean retail sales 6.8% vs. 6.1% forecast

Investing.com – Retail sales in Chile fell less-than-expected last month, official data showed on Friday.

In a report, Estadisticas de Chile said that Chilean Retail Sales fell to an annual rate of 6.8%, from 7.0% in the preceding month.

Analysts had expected Chilean Retail Sales to fall to 6.1% last month.


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