Monthly Archives: March 2014


Millionday News & Comments  Part 2

   [millionday] i found this to be a huge whoooopow      [millionday] Kurdistan Regional Government announced a vacation on April 9th and 16th. The spokesperson of the KRG Savin Dazae mentioned in a statement received by AIN “The KRG decided to grant a vacation in Kurdistan Region on April 9th on the anniversary of toppling the tyranny of Saddam Hussein,”

noting that “Another vacation will be granted for the residents of Kurdistan Region on April 16 to celebrate the Sursal Feast for the Izidi Kurds.”

     [Imperator] Absolutely

     [millionday] congrats to all of our service men and women that helped to make that possible  a huge WHOOOPOW to you and yours  brb with more
~~~

         [millionday] here we go  — Council called Najaf, global companies to increase the size of its investments in the province, and to benefit from a stable environment and what the facilities, while an economist said that the local government has a new approach to supporting the private sector as well as the tourism sector.

This came during the opening of the exhibition Najaf International (Project) for the current year, the exhibition hall international north of the city, and attended (range Press). said a member of the Najaf provincial council, Hussein Hadrawy,

“The Najaf has become a fertile environment for investment because of the stability and put the security,” calling on companies Global, which want to invest in Iraq, to “invest this environment, the availability of good opportunities for it.” added Hadrawy, that “the provincial council and management will provide the companies invested the necessary facilities for the implementation of their projects.”

     [millionday] so the availability of good opportunities for it ? love it

     [ROBINREDHED] YAY

     [millionday] the call for global markets to bring it on — always good words smile  brb with more

     [millionday] huge huge and i wont say i told you so —  extraordinary session, to grant legal protection for the Independent High Commission for the elections, especially after the recent completion of its preparations for a general election, following the announcement of the Board of Commissioners reprieve for his decision to resign.

Said Chairman of the Board of Commissioners Serbst Mustafa, during a press conference, held at UNHCR headquarters in Baghdad yesterday, in the presence of representative of the United Nations Nicolas Miladinov, he was “in response to calls for formal and informal, local and international,

which were directed to the Board of Commissioners of the Electoral Commission, Board members decided to withdraw their resignations,” stressing that the council decided not to be the cause of the destruction of the security situation and the Iraq policy .

     [millionday] so there we have it — no they are not resigning

     [ROBINREDHED] whew

     [millionday] press conference  huge wheeeew smile  brb with more news

     [millionday] here we go  —  The President of the Islamic Supreme Council of Iraq Ammar al-Hakim on the need for Iraq to achieve long-term strategy of sustainable development and the projects are completed. A statement by the Office of the Supreme Islamic Iraqi Council received by all of Iraq a copy of it today that “al-Hakim met in his office in Baghdad, the World Bank representative in Baghdad,

 Mary Helen and stressed the need for Iraq to long-term strategy to achieve sustainable development and the projects are completed, and expressed regret at the absence of political will to follow up on projects that serve the interests of the citizen.

     [millionday] He stressed the importance of the homogeneity of the wise ideas to improve the quality of services provided to citizens. For its part, praised Helen represented by the World Bank, according to the statement visions of Ammar al-Hakim to address the Iraq crisis,

 indicating that the diagnosis of the need for Iraq to revolt administrative accurate diagnosis is consistent with the World Bank and all the competent authorities and to follow up on Iraqi affairs . ended

     [millionday] let me think of a better way to put this — hmmm —- get er done !!

     [millionday] here we go  —  now check this out — love the implications  —  A member of the parliamentary Finance Committee Hassan al-Bayati, that the continuation of the vast difference in the currency exchange rate between the central bank and private banks or banking companies for more than a year is considered corrupt and makes bank officials under penalty of law.

     [millionday] note — international compliance of rates — smile

     [millionday] He pointed out that there might be an investigation of the central bank in the future regarding this matter.

Bayati said “the Euphrates” on Thursday that “the central bank is responsible for the stability of the Iraqi dinar, which is its responsibility to maintain the value of the national currency against foreign currencies and inflation in the country,

this The duties and responsibilities of the central bank must therefore be on the central bank to take measures to maintain the value of the Iraqi dinar.

     [millionday] “there is a vast difference between the exchange rate of the currency, the central bank and private banks or shops and banking companies, as up the difference at the exchange rate to seven or six thousand dinars, and this a very big difference did not exist previously.

He said al-Bayati said “mistaken policy of the Central Bank that led to it, it should not be there is such a broad difference, banks are and banking companies earn a lot of money and imaginary processes of buying and selling,” he said, adding that “there may be an investigation of the central bank in the future regarding this matter.”

     [millionday] now this is referring to the change in rates throughout the country but — also there is more

     [millionday] “It is possible that this great difference between the exchange rate for months or for years, but continue to nearly two years indicates that the intent in this case exists,” noting “The continuation of the central bank this deal will make it the responsibility of the governor and others under penalty of law, as this deal is corrupt.”

 He said al-Bayati said that “the House of Representatives responsible for the accounting officials of the Central Bank, and the Office of Financial Supervision and integrity, so For Audit Court not to stand idly Hands in front of this dangerous phenomenon.

     [millionday] note — not only is it against the law to not have a rate set all the same throughout the country but — it is also non-compliant to do business without a reality rate so as we know they are begging for business and have to legally get off the POT

    [millionday] Iraq has been widespread for offices and banking companies, is dominated by uncertainty since turned some of these companies to Coffee money laundering because of the lack of legal control them, according to economists. noted that traders buy and sell the dollar criticized the way in which the Bank CBI to sell the dollar and according to the opinion of some specialists in economic affairs,

the CBI did not follow the policy and legal foundations of monetary, financial and economic right in the process of selling the dollar.

    [spencer] Sounds like they have a case for fraud

    [millionday] here we go  – sounds like they need to get it rolling  —  Deputy Prime Minister for Economic Affairs Rose Nuri Shaways, Sunday, that Iraq possesses a significant economic push foreign investors to work at home, while noting that the government has developed new plans for the coming years include the establishment of strategic projects aimed at developing the investment sector and economic situation in the country. ]

Shaways said during his speech at the Conference on investment in Iraq and the Kurdistan region, which began its work in Erbil and attended “tomorrow Press”, “The Iraqi government has announced its intention to support the private sector and companies wishing to invest in the country in all fields,”

noting that “Iraq possesses a significant economic pay foreign investors to enter the domestic market and begin to set up investment projects in it. “

    [jtank] I thought CBI was clean and above all that[ROBINREDHED] ha

    [millionday] now this is talking about what we have been yelling about for years — they want initiative for their companies to stay at home and build to bring revenues for their own /jobs etc

    [millionday] He added that “the government has developed new plans for the coming years include the establishment of strategic projects aimed at developing the investment and economic sector in Iraq,” calling on Arab and foreign investors to “take advantage of investment opportunities and contribute to the advancement of the reality of investment and economic infrastructure of the country.”

And was launched in the province of Arbil, on Saturday, the work of the Investment Iraq and the Kurdistan region with the participation of Arab countries to study the effect of investment in Iraq and the Arab world, in the presence of Iraqi Deputy Prime Minister Ruz Nuri Shaways and a number of officials.

    [jtank] Reality of investment–mmmm[millionday] so the meetings that are going on and the pressure for the budget to be agreed on as far as oil so they can vote and the huge placement of IRAQ as president on the Board of Commerce in the Arab nations etc — we see that huge progress is going on — huge —

    [millionday] they still have multiple reports out concerning the pay going out so this is getting very interesting to say the least

    [jtank] Can the banks go global- are they ready

    [millionday] as far as what we have seen in the banking reform i dont know of anything but if the coins are minted and complete — i am not sure if they are back yet but as far as all of the banking reforms — they have called to activate all that had to be done to establish their roll that was given — credit union, international, local etc

    [mfree05] Millionday-would they really pay out at 1166 if the RR has not shown by Apr 1? if so, to me that would be a bad sign-

    [millionday] i dont see anything that has to be done but the setting of the rates and the domestic value for the dinar

    [millionday] they are getting that now and it is per the pricing so it is not anything that i am concerned about if they pay out — but it would seem a waste of time with an exchange on the agenda —

they would need to bring the large bills which i doubt they have left in some banks in any condition to give out — and then exchange — so data entry will be done anyway — but very strange that they would waste their time like this

    [Imperator] Maybe electronic.

    [swan2013] would/could they put a hold on the funds even if they did pay out to the low rate?

    [millionday] do you mean to the citizens?

    [swan2013] millionday yes

    [millionday] they could freeze the funds as we have seen in different situations but they are having issues already with the safety of parliament members — gov officials — media– etc etc — so i would think that would not be a good idea

    [swan2013] millionday thanks, it would not be a good move but they do things that harm often

    [millionday] here is the worry

    [millionday] Chalabi said at a news conference attended by some members of the citizen and the mass attended by “Twilight News” that “our observations on the budget and include Introduction to the contradiction between the budget and the letter of the law as well as address the huge deficit that reaches 60 trillion dinars.”

He added that “if things continue What the country will face a cash crisis in 2017.” For his part, the head of the citizen Bayan Jabr, “I’ve made a study to the President of Parliament refers to the real deficit and not schematic.” He said the real deficit will reflect negatively on the cash position of the country in 2015 and 2016 and accordingly will enter Iraq in a serious crisis.

    [millionday] The issue of the budget has sparked significant differences between the political forces represented in the House of Representatives, and in particular between the State of Law coalition led by Prime Minister Nuri al-Maliki and the Kurdistan Alliance, which accuses Baghdad Bgmt the region’s share of the budget to meet the demands condition to attend the sessions.

A source of deputies, on Sunday, the postponement of the parliamentary session scheduled for today to next Tuesday for lack of a quorum, and was scheduled to read the House of Representatives general budget bill second reading in preparation for approval in the next few days.

    [millionday] so they expect to see the budget passed and the kurds are waiting there for approval — so we shall see — i know the business they are calling for requires a >>>>>>REALITY RATE AGAINST INTERNATIONAL CURRENCIES

    [letsroll] millionday so the plan with the budget changed some 2day .. I thought if kurds did not vote it would vote by majority but it seems the kurds are still there to vote if they get something to vote about / on ??

    [swan2013] http://dinarupdates.com/ ··· bserver/

    [swan2013] http://www.dinarupdates. ··· om/blog/

    [millionday] glad to see everyone and i want you to cross everything and hold your breath and and — lol

    [millionday] letsroll it seems they believe it is going if they are staying — so hope so

    [millionday] remember dont let anyone bring you down — anything can be found on the internet from rotten sources to have you swinging from the rafters

Millionday News & Comments  Part 1

    Welcome to dinarupdates.com and News Time with Millionday!  Part 1

    [millionday] welcome everyone to newstime — we have HISTORIC NEWS to bring to you tonight  and on top of that — a lot more  –  huge news – i will wait a few to bring the historical but let me tell you — we have great news tonight

    [millionday] so here we go  —  demanded the parliamentary Finance Committee, to issue regulations and legislation to restructure the Financial Inspection Office and the Central Bank to support fiscal and monetary policies in the country.

Said committee member Rep. Dler Abdelkader, The Office of Financial Supervision and the central bank and the stock market is one of the large financial institutions in the country, must be developed and interest in them.
~~~

     [millionday] note — this is the go ahead to activate laws and regulations for the monetary policy with the isx — which is the market of the country and all countries

    [millionday] He pointed out that those institutions in Iraq are suffering from some problems in their work, which led to a decline in its work both in terms of the fluctuation of the exchange rate of the dinar against the dollar or the index securities market,

saying it needs to be legal legislation and controls restructure and develop its work in order to support the economy Iraqi. The Abdel Basset Turki holds two in that one are the President of the Audit Court and the Governor of the Central Bank.

    [millionday] so this is saying that the problems with not activating the monetary policy are huge and on top of it have huge problems caused for the isx (stock market) — so this call to activate and move forward is great to see and tells us that they must be in the position for this to even be said

    [awesomedtl] Is there a timeline !? They have even told countless times to activate stuff!?

    [millionday] according to the meeting and what i see — they are talking about doing it now — whatever that means to Iraq  smile

    [swan2013] millionday I AM READY NOW!!!

    [awesomedtl] Mmmmmm. Love that sound……noW   Ty hon

    [dovi] lots better than soon

    [millionday] yw all the time smile

    [ROBINREDHED] <<<< [ROBINREDHED] ready

    [millionday] we have a lot of positive things tonight

    [ROBINREDHED] millionday good

    [Richard Incrocci] There was talk of an update from Randy Koonce earlier. Are you aware of any or tuned in to him at all?

    [millionday] i have great respect for randy and we have met — very nice person

    [Richard Incrocci] Stating window changing to tomorrow or tuesday cause of parliament and IMF discussion????

    [millionday] i have no idea what his update is

    [ROBINREDHED] Richard Incrocci clay usually in on rk info but i dont see him logged in

    [millionday] interesting

    [Richard Incrocci] Ok, thx. Am sure if any info about IMF, CBI will be discussed tonight

    [millionday] oh yes

    [tbob] lets see what millionday has brought us lol

    [millionday] lots

    [tbob] whooop whooop!!! lol’

    [jeffusa] Richard Incrocci you had the jist of his update

    [millionday] ok here we go  newstime

    [Richard Incrocci] jeffusa thx

    [millionday] i will now bring what is stated as historical

    [millionday] maybe i have ink on what he said — give me a chance to get it out and if i miss it we will look at it then — this report is the most important we have seen and the most telling

    [millionday] this is the first time in history for Iraq and if this doesnt tell us how close we are — we are blind  huge report so here we go

    [millionday] Announced the Federation of Chambers of Commerce of Iraq, on Sunday, the victory of Iraq’s Procuratorate presidency of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries for the first time in its history,

noting that the current session of the Federation of the recommendations of the task went to activate investment in the country and the Kurdistan region.

    [millionday] note — Iraq is given the presidency of the General Union of the Chamber of Commerce — now for those that dont why this is huge – the chamber of commerce is all about trade and products and in this case for the entire federation

    [millionday] note — this report is going to go on to tell you why this is very very important and a huge —- WHOOOOPOW

    [millionday] The head of the Union, Jaafar al-Hamdani, in an interview to the (long-Presse), said that “Iraq and after that regained his political status in the world and the Arab world through the embrace of the Arab Summit Conference, returns today to embrace edition 116 for meetings of the Council of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries ,

 “pointing out that” the meetings resulted in getting Iraq on behalf of the EU presidency for the first time since its inception in 1969. ” Hamdani added, that “the session went out important recommendations contribute to the entry of Arab and foreign investors the Iraqi market and to support the national economy.”

    [swan2013] HUGE WOW!

    [millionday] NOTE — this means that massive foreign investment is going to begin in Iraq and they have to have a reality rate in order to do that

    [Richard Incrocci] whooooopoooooow

    [millionday] For his part, President of the Chamber of Commerce, Industry and Agriculture of Mauritania, Mohamedou Ould Mohamed Mahmoud, who won under the chairmanship of the General Union of Chambers of Commerce, Industry and Agriculture in the Arab world,

in an interview to the (long-Presse) that “the meeting went out the recommendations of the task to revive the economy of the Arab”, saying that “it would be Axis president on his agenda during the current session

    [awesomedtl] Bammmm. Whopow[millionday] It is noteworthy that the regular meeting of the 116 of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, is the first to be held in Iraq for more than forty years,

and was Irbil hosted on Saturday (the 29th of March 2014 Current), Investment Forum in Iraq and Kurdistan in the presence of more than 35 Arab or foreign, and more than 300 businessmen from around the world, to discuss ways to develop and invest in Iraq and to attract investors to the Kurdistan region.

    [millionday] so as we see — they are preparing without a doubt to open the doors  the New Iraq   smile

    [awesomedtl] They didn’t say when NOW WAS DID THEY!??

    [wmawhite] millionday ……and why do we think all those business people were there? over 300 of them.

    [awesomedtl] When is now!? There now could be weeks from now

    [millionday] they are working on it obviously as we speak — this is already done

    [Richard Incrocci] They had a deadline of today for the budget, any bearing on any of this since the RR is rumored to have the new RR in it?    budget having the RR in it

    [millionday] all of this is preparation for the rate and the doors to open for trade of their products and of course their largest product —————THE DINAR

    [wmawhite] millionday ……and why do we think all those business people were there? over 300 of them.   doesn’t require an answer…….lol

    [millionday] to get their foot in the door first as Iraq opens with their —EVENT

    [millionday] here we go with something that i searched for – many may not have seen this but it is huge huge huge

    [millionday] Deputy head of the Kurdistan Alliance bloc Mohsen al-Sadoun, that the bloc remain in Baghdad and in the parliament and is waiting for the moment that the government announces its approval on the initiative of the province exported 100 000 barrels of oil per day.

    [millionday] He added Sadoun: We today in Baghdad and we all hope that we move the budget in accordance with the initiative announced by the province, adding that he had heard from the outskirts of government responsible to the Baghdad government welcomed the initiative of the 100 000 barrels per day,

 but did not announce its agreement formally and if the government approved the proposal of the region, we We will attend before the rest of the other blocs to vote on the budget.

    [millionday] so the kurds have remained in Iraq (Baghdad) waiting for the approval of the agreement with the kurds to move forward so they can vote   not discuss and not talk etc —- VOTE  smile

    [awesomedtl] Wow!!! Interesting

    [wmawhite] millionday millionday ……this is great.

    [millionday] very — i agree  ok brb with more

    [awesomedtl] Which supposed vote now Tuesday

    [naphtali] HALLELUJAH

    [crank7] Awesomness!!!!!!!!!!!!

    [tbob] millionday and you found it!!!! whoop whoop!!! bless you!!! lol

    [ROBINREDHED] yippeeeee[mfree05] whoop whoop…………..WHOOOOP

    [pinklady] Please Dear Lord let them be tellin the truth!!

    [awesomedtl] Crank me!? Lol lol

    [MsDiva] i just hope tuesday wont go into thursday i pray pray pray

    [crank7] awesomedtl SURE!! LOL

    [awesomedtl] Is budget on the agenda for Tuesday   Does it need be on again!?

    [millionday] the official agenda is not up yet for Tuesday

    [wmawhite] ROBINREDHED ROBINREDHED ……..reading that article, the Kurds are in Parliament awaiting word on an agreement and ready to vote at a moments notice.

    [awesomedtl] Does it need be on again

    [millionday] the news is stating that it is postponed for tuesday in some areas and i know that is not so

    [Richard Incrocci] Apologies if redundant: The 2nd reading of the budget has been done and now they vote on it Tuesday? Did I read that correctly?

    [slh5282] Whats wrong with MOnday?

    [millionday] the reason i say that is — they have an emergency meeting tomorrow and we just looked at kurdistan news telling the citizens that they are remaining in Baghdad until agreement is made

    [millionday] the kurdistan parliament representatives are remaining until iraq federal parliament representatives tell them they have agreed on the agreement made by the kurdistan government

    [awesomedtl] Wasn’t that emergency meeting for security in one of the other regions!? I forgot which one they said it was for …… Or was that a diversion for us!? Hmmmm

    [millionday] they stated it was for security   smile

    [slh5282] I saw in Shafaaq where they had agreed, being the Kurds and Baghdad, so why is there more discussion on the same issues?

    [millionday] this is the agreement for the distribution and revenue production of oil from the kurds that they are waiting on the agreement for

    [mfree05] With the Kurds putting this out, it really makes the GOI look like the bad guys now, if they dont approve it? right?

    [millionday] i would agree that the ploy to show that they are wanting to resolve may cause more problems for the parliament members — smile — pressure

    [millionday] good point

    [millionday] ok so here we go  — The volume of investments in development projects carried out by the Iraqi private sector more than 20 billion dollars were concentrated in the creation of strategic projects in the whole of Iraq by entrepreneurs and companies that fall under the banner of Iraqi National Business Council, as will culminate in acts of companies opening of the Rusafa water project giant within days .

This is announced by the President of National Business Council Ibrahim al-Baghdadi, during a special ceremony held on the occasion of the passage of four years to the founding of the Council and which culminated in the election transparent to the board’s new

    [millionday] note — we remember this from Hillary Clinton holding the meeting with them in New York when they were established and also this is why i talk about the huge contracts coming up so fast — it seems as thought they need to get off the pot and i mean the sitting kind

    [millionday] Baghdadi that highlighted during his speech at the opening ceremony, which was attended by a number of members of the House of Representatives and senior government officials and secretary first at the Japanese Embassy in Baghdad and the heads of economic organizations on the most prominent projects completed during the march bus from the age of the Council.

Among the most prominent strategic projects is a plant of iron and steel in Basra at a cost of 320 million dollars was carried out by the company Alnma, one of the companies that fall under the banner of Iraqi National Business Council and the draft cement plant Doge Group of Companies Khawwam a total of $ 280 million dollars,

in addition to the establishment of a laboratory equipment manufacturer and the mechanics of Germany’s Siemens in the province of Najaf.

    [millionday] , adding that most other projects is a project of electric power in Kurdistan and the capacity of 4000 MW and the port by a group of companies Diamonds in addition to the many projects other.

 said that these projects represent a qualitative addition to support the process of reconstruction in the country and contributions by a group of subsidiaries of the Council. revealed in the ceremonial opening of the Rusafa water project giant in a matter of days,

according to Mazkrth implementing agency (the two companies Alasam carp), the The project will cover the need Rusafa of pure water, despite the delay.

was also reference to the implementation of the city of Basra, sports and water project Jerusalem and project streams Tuwaitha and other projects implemented by companies Iraqi National Business Council.

    [millionday] the business council has to expand and work as a group of private investors as it was to be in the first place — they expect to be able to move forward within days — smile

    [millionday] here comes a lot more loaded with clues

    [Imperator] Huge.

    [millionday] Baghdadi pointed out that all the experiences in the States, South Korea , Japan, Singapore, Malaysia, Turkey, Europe, America, and the Gulf states was to the private sector the most prominent role, but this role is still shy in Iraq due to lift some of the officials in dealing with him for fear of damage to their personal interests,

stressing that the desired progress and the crowd’s national building Iraq requires openness and reconciliation with the private sector.

    [millionday] and Prime Iraqi National Business Council was keen businessmen in Iraq and their organizations economic all for a redoubling of efforts and coordination for the completion of projects with high quality and the best ratings.

 hailed economic adviser in the Office of the Prime Minister Dr. Abdul Hussein Al-Anbuge valuable efforts and achievements added of the national effort to build Iraq.

    [millionday] note — this is obviously about the NEW IRAQ and the progress of opening the doors —

    [millionday] revealed Anbuge about the existence of a package of legislation are in the achievement of economic and administrative reform will be channeled to the private sector, which will enable him to play the role required in the process of change and transition towards a market economy,

while praised the number of members of the House of Representatives participating in the ceremonial experiment Council Iraqi National Business, calling to make more tender.

    [millionday] note — they are not expecting the monetary policy to not go forward —- they are preparing for it in the very near future — they state here days

    [millionday] During the ceremonial review of the process of the Council and the most prominent activities important economic and marked by holding conferences, seminars, workshops, and laying the foundation stone and the opening of many of the projects carried out by members of the council. ,

and refer to the active participation of the Iraqi National Business Council in the most economic forums chaired by the Prime Minister, accompanied by members of the Council,

the most prominent Iraqi Forum British in London, and Almmeltkien Iraqi first American and the second in Washington during 2009 and 2011, as well as the Iraqi Forum of China in Beijing, and the like with Japan, which was held in Tokyo, and Algiua and Russian in Moscow in 2012

    [millionday] note – they have been marketing and now expect that the country is ready to go

    [millionday] The Iraqi – Indian in 2012 and the Iraqi Forum in Paris, France. Council also participated in many activities and meetings, chaired by the Deputy Prime Minister for Economic Affairs in Germany, Sweden and Armenia, as well as regional posts in Dubai, Oman, Turkey, Egypt.

    [millionday] so as we see — as they brought up — to move to a market economy — this is a market driven by supply and demand — in this case globally obviously  smile  brb with more


Comments May be made at the end of   Part 2  Thank  You

KTFA’s Memphis Shares His Thoughts

This post is a reply in reference to earlier post by Dinar Tattoo

Post From KTFA by Memphis » March 30th, 2014,

This discussion revolves around the dinar still in circulation. There has been some debate about this being the total “value” (M1 money supply) in IQD or rather a pure measure of the number of notes (in billions) still in circulation.

Nova and I feel confident it is the latter as the former makes no sense in any context. Having said this the matter will be followed up on by Nova should Dinar Tattoo choose to call him and place the matter up for greater scrutiny.
~~~

  Do we find value in this? At present no because nothing has been vetted and even if we do get further details the message that I would want to leave in this post is that ultimately it is of no value to us as a marker, a measure that might somehow narrow our search for the timing of the RV.

For this reason I see no value in following it (or to leave folks hanging as to it’s import) as this would truly be irrational exuberance.

Here’s why I say this, if we take the discussion to the extreme and speculate that YES, the CBI has a target number of bills that they wish to have withdrawn from circulation then where has this gotten us. What do we now do with this?

We have always thought this to be a logical move in monetary reform but do we really think that one of us will get a phone call the day before this target number is reached? Or even a week prior stating that “the CBI is at 1.2B notes, get ready”.

Not a chance. And so we concluded that there is no value to anyone that would add to the discussion OTHER THAN it might (if properly vetted) be an added piece of evidence that yes, the CBI is moving with great intent towards a goal. Personally I need no such added proof.

Should Nova get any such confidence in the matter, he’ll bring it forward but for now? “Nothing to see here…”

Blessings,   Memphis

West Qurna 2 Begins Production

By John Lee.
Iraq’s giant oil field West Qurna 2, with a minimum 14 billion barrels of recoverable reserves, began production on Saturday as LUKoil opened spigots to put 140,000 barrels a day onto the market.
By the end of the year the field is set to produce 400,000 bpd, putting Iraq on track for its production target for this year of 4 million bpd. If fully developed, West Qurna 2 could produce 1.2 million bpd for 20 years.
LUKoil have a 75% stake in the operation with the remainder owned by Iraq’s South Oil Company.
Some analysts have noted how Iraq’s rising production could spark tensions with OPEC, as the country is now already moving outside of OPEC production quotas, set to keep prices stable.
(Source: Al Arabiya)

Source: Iraq-BusinessNews.com.

Post your commentary below.

West Qurna 2 Begins Production

By John Lee.

Iraq’s giant oil field West Qurna 2, with a minimum 14 billion barrels of recoverable reserves, began production on Saturday as Lukoil opened spigots to put 140,000 barrels a day onto the market.

By the end of the year the field is set to produce 400,000 bpd, putting Iraq on track for its production target for this year of 4 million bpd.

If fully developed, West Qurna 2 could produce 1.2 million bpd for 20 years and the start of production at the field was described as “strategically important” by Lukoil chief executive Vagit Alekperov (pictured.)

Lukoil have a 75% stake in the operation with the remainder owned by Iraq’s South Oil Company.

Some analysts have noted how Iraq’s rising production could spark tensions with OPEC, as the country is now already moving outside of OPEC production quotas, set to keep prices stable.

(Source: Al Arabiya)

 

 

 

Japan’s industrial production -2.3% vs. 0.3% forecast

Investing.com – dustrial production in Japan fell unexpectedly last month, preliminary data showed on Sunday.

In a report, the Ministry of Economy, Trade and Industry said that industrial production fell to a seasonally adjusted -2.3%, from 3.8% in the preceding month.

Analysts had expected industrial production to rise 0.3% last month.

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Late Sunday Night Jester Chat

[Jester] HAPPY SUNDAY ALL… HOPE EVERYONE HAD A NICE WEEKEND…

[tessamae] Jester I have to tell you that I was amazed at the power that the IMF has…..thanks for all the info you gave me last night.

[Jester] tessamae YOU ARE WELCOME… NOW YOU CAN KIND OF SEE HOW THINGS ARE PUT TOGETHER….

[tessamae] Jester yes and I also hope that there is a firm hold on that entity…..that kind of power could get out of control real fast.

[Jester] tessamae THEORETICALLY THAT IS WHY THEY WILL LIKE TO REALIGN THE BALANCE…

 [tessamae] Jester do you think that the IMF will find a way to compromise with what the US wants in order to get the GCR done?

[tessamae] Jester they do not seem to be a group that does much compromising.
….

[Jester] tessamae HMMMM… SOONER OR LATER IT WILL ALL FALL INTO PLACE… BUT YOU GUYS SHOULD NOT BE IN SO BIG A HURRY FOR THEM TO WIN… MIGHT NOT WORK OUT SO GOOD FOR US… THAT MIGHT BE THE REASON THE GOOD GUYS ARE RESISTING IT…

[Jester] AS SOON AS THOSE REFORMS ARE IN PLACE WE MIGHT NOT BE AS WELL OFF… JUST SAYING…

 [tessamae] Has your investigation into that turned up any information on why the republic guys are against it?

[Wadein] Jester I have been thinking since last evening. Would it possible that the good guys would like to eliminate all fiat currency and have certain penalties for those countries that still use all or part fiat currencies? Might this be the need to control IMF through the WGS?

[Jester] Wadein I THINK THAT IS A BIT OF A STRETCH… I THINK IT IS MORE LIKE WHO WOULD REALLY BE IN CHARGE OF WHAT WOULD THAT GO FORWARD…

[Jester] LIKE THE AUSSIE AND CANADIAN RESERVES… THE BRICS… ETC…

[tessamae] Jester seems like to me that the IMF could turn out to be the bigger bully on the scene. So I’m not in a hurry for them to be in control of things.

[Jester] tessamae THE IMF IS NOT REALLY IN CONTROL OF ANYTHING…. THEY ARE ADVISED BY THE BOARD BUT RUN BY THE COUNTRIES…

[Jester] THE COUNTRIES HAVE VOTING RIGHTS ACCORDING TO THEIR CONTRIBUTIONS AND THEY MEET EVERY SO OFTEN TO VOTE ON CERTAIN THINGS… THE RUNNING OF THE IMF IS A CORPORATE STRUCTURE OF PROCEDURES…

[Jester] I WILL LIKE TO THINK THEY WILL BE READY FOR WHEN THE TIME COMES BUT I AM NOT SURE HOW LONG THEY WILL LAST… WE’LL SEE I GUESS…

[Jester] IF THE CONTROL IS RESOLVED TO THE PROPER LEVEL AND THE RIGHT PEOPLE/COUNTRIES ARE IN CHARGE IT SHOULD STILL BE A VIABLE ENTITY…

[tessamae] I wouldn’t want to be a county that borrows money from them..

[Jester] tessamae IF IT WAS DONE UNDER THE RIGHT CIRCUMSTANCES AND NOT THE HISTORICALLY UNDERHANDED WAY IT WAS DONE THEN IT WOULD HAVE BEEN A GOOD THING…

[tessamae] Jester will the republic be recognized by the IMF or just the USA corp?

 [Jester] tessamae THE GOVERNMENT WILL IN MY OPINION… WE’LL HAVE TO SEE… WE ARE NOT THE ONLY COUNTRY UNDERGOING SIMILAR CHANGES…

[Jester] I WAS GOING TO ANSWER A QUESTION SOEMONE PUT IN ABOUT GOLD A WHILE BACK BUT IT GOT LOST IN THE SHUFFLE… GUESS WE WILL HAVE TO DO THAT ONE TOMORROW…

 [tmorrow1953] 500 tons of gold missing in China

[Jester] I WOULD NOT TAKE THAT ARTICLE SO LITERAL WITH HOW THE QUESTION WAS ASKED… READ THE WHILE ARTICLE AND YOU WILL FIND THAT THERE IS A LOT OF SPECULATION IN PLAY ABOUT WHAT IS GOING ON…

[Jester] tmorrow1953 EXACTLY… ACTUALLY A LOT OF SPECULATION OF YOU READ THE ARTICLE…

[Jester] INTERESTINGLY ENOUGH HERE IS AN ARTICLE FROM 2012 BY FORBES… CHINESE BUYING RECORD QUANTITIES OF GOLD…   http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/

[Jester] INTERESTING TIE IN ON WHY WE SELL IT AND THEY BUY IT…   http://www.zerohedge.com/news/2014-01-21/guest-post-why-west-sells-gold-and-china-buys-it

[Jester] AND ANOTHER FROM LAST SUMMER ABOUT CHINA BUYING RECORD AMOUNTS OF GOLD… http://www.youtube.com/watch?v=RuIUQAA6KXI

[Jester] SO THIS IS NOTHING NEW AT ALL… IT HAS BEEN GOING ON FOR SOME TIME…

 [Jester] AGAIN…. THERE ARE THOSE THAT WILL LIKE TO FIND THAT “ONE THING” AND TAKE IT TO MEAN THE RESET…

[Jester] BUT…. I AM HOPEFUL THAT THE MEETINGS IN APRIL AT THE IMF WILL SHED SOME LIGHT ON SOME THINGS… COULD BE INTERESTING… AND THAT MIGHT GIVE US SOME INDICATION OF WHAT THEY ARE UP TO DEPENDING ON WHAT HAPPENS…

[Jester] YOU GUYS ARE AWFULLY QUIET TONIGHT… HAHAHAH

 [Jester] GUESS IT’S ABOUT TIME TO GO… NIGHT NIGHT…

Kurdistan investments exceed 37 billion dollars

Shafaq News / The Minister of Trade and Industry of Kurdistan Government revealed on Sunday that the volume of investments in the region is growing economically. Sinan al-Chalabi told “Shafaq News “that “the volume of investments in Kurdistan has reached more than 37 billion dollars.” He added that “80 % are local and the rest is foreign” He stressed that “this is evidence that local investors have confidence in the government of […]