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Theseus
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Posts posted by Theseus
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Chapter II Article 6 of the 2007 Iraq Draft Oil and Gas Law covers the creation of the Iraq National Oil Company. Let's just hope they don't piecemeal this.
A- The Iraq National Oil Company (INOC) is a holding company fully owned by the Iraqi Government and based in Baghdad. INOC is financially and administratively independent and runs on commercial bases.
B- Its scope of operations shall include:
First: Managing and operating existing producing Fields mentioned in Annex No. 1, and both the North Oil Company and the South Oil Company are linked to it.
Second: Participation in the Development and Production of discovered and yet not developed Fields mentioned in Annex No. 2.
Third: Carrying out for Exploration and Production operations in new areas outside its respective areas in adherent to this law through applying for Exploration and Production rights in the new areas on a competitive basis.
Fourth: INOC shall also own, manage and operate the Main Oil and Gas Pipeline Network and the export ports in the Republic of Iraq and enter into contracts with existing and future shippers of Oil and Gas in accordance with this Law. The company continues its responsibilities in operating the Main Oil and Gas Pipeline Network and the export ports in Iraq during a transitional period not exceeding two years until the reorganization of the companies in the Ministry is completed. Then, the Federal Oil and Gas Council shall decide the entity responsible of operating the Main Oil and Gas Pipeline Network and the export ports in Iraq based on a proposal submitted by the Ministry after coordinating with the INOC in adherence to this Law and after the approval of the Council of Ministers.
Fifth: To ensure and develop the coordination and collaboration with Regions and Producing Governorates, INOC establishes subsidiary companies which it owns in total and which will undertake the Petroleum Operations in the Regions and Producing Governorates. These subsidiary companies will be represented on the INOC board and will be paid for the cost they incur in addition to a specific reasonable profit in order that they can develop and enhance their operations
Sixth: The board of the INOC oversees the INOC and its subsidiary companies; in accordance to the INOC law, the board includes members from the Federal Government, the Regions, and the Producing Governorates.
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21 hours ago, bostonangler said:
Thesus, there are two problems. First history shows tax cut for business do not bring the money back via hiring, reinvestment, research etc., history shows the corporations bank the money overseas. Second, if you have read the other thread about automation, there are tons of non-skilled workers who are about to be replaced. Unless they get training they will be lost. Now if corporations paid for retraining that might work, but usually it's the government helps pay for re-training and of course the new administration thinks bombs come before people.
In Tennessee, Volkswagen built a plant and realized quickly they couldn't find skilled labor. Now in Tennessee anyone can go to college for two years free. Volkswagen did invest some, but it was government that is making it happen. It is in the best interest of Tennessee to get people hired. Again, there is an element in America that thinks education is an expense and not an investment, but those same people think having enough nukes to blow the world up 8 times isn't enough and we need more bombs. Pretty weird thinking if you ask me.
B/A
BA prove to me and everyone with hard factual evidence that corporations are taking money earned in the United States and banking it overseas. If you can't then you are just spouting off at the mouth. Hard factual evidence means documents bank accounts etc. Unless you have that, you have no more clue of what is on the ass end of a goat's flea than a camel does. No well the newspaper said this or the comapny said that. I want first-hand accounts, no third party. This is fake news. You can't give credible sources so you repeat the talking points given to you. You are nore a sheeple than 95% of the people in this world.
Training starts with fundamental education that the government has assumed responsibility for. The failure of education in the United States in the form of unskilled labor does not fall on the corporation it falls at the hands of government. The government re-training is usually done by those who have failed in the workplace. There is an old addage that those who do, do those who can't teach. If you hate corporations so much, why in the world would you ask them to train people who might work for their competition. Bad business sense there.
Your hate of corporations is a convenience for you. Only when it suits your purpose that you eschew your hate of them but when you need them you are quick to prop them up. How do you think if the government failed at the educational system that a corporation would succeed. Your premise removes all responsibility of education in the hands of the learner and places it in the hands of government. This is an Orwellian viewpoint. All costs incurred whether they are investments or otherwise are expenses. It is the very definition of an expense. An Investment is money, service or goods (tangible or intangible) that is returned from paying an expense. So if I spend 120K on education lets say to become a doctor then I go out and become a janitor, my education is an investment? No its an expense Duh! Only after an individual reach's BE on the money spent for the education can it be considered to have a ROI that is worth anything.
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On 3/16/2017 at 8:57 AM, bostonangler said:
I don't see any BS. He wants to cut taxes. We all like that idea. Cutting the AMT will save people billions. The problem lies in the fact he wants to up spending and cut income. If anyone can explain how that reduces debt I would like to know. Yesterday ending the raising of the debt ceiling. It is amazing no media left or right is talking about how America runs out of cash by Memorial Day. Nope, the keep using distractions like healthcare and travel bans to keep the public unaware, that a perfect storm is about to crush our country. So go ahead and enjoy the BS Trump, Pelosi, McConnell, Ryan, Reid and anyone else you can think of while we are set up for an historic crash. I have mentioned several time to book any profits you have made in stocks and get out. Precious metals are going to soar. Not the paper ETF they want you to buy, but actual metals... GLTA
B/A
Here is a clue, cut taxes, increase jobs. This adds more people earning money than we have in the current taxable pool. This increased amount of people paying taxes makes up for the tax cuts and has been shown in the past exceeds the amount that a smaller pool of taxpayers paying a larger amount of taxes would ever bring in in revenue.
If I have 5 taxpayers paying taxes and the tax revenue is 300.00. I then take and cut the taxes of the 5 taxpayers who then create jobs and doubles the tax pool to a total of 10 taxpayers I only need 30 dollars from each taxpayer to equal the 300. Where with 5 taxpayers I needed them to pay 60.
Increase the workforce and reduce the taxes. More money in everyone's pockets.
Increase the workforce and increase the taxes, workforce gets reduced tax revenue declines and people become angry which leads to snowflake syndrome of wanting everything for free because they become lazy moochers.
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On 3/3/2017 at 8:09 PM, Domains said:
"Plastic Money" how would this fit in to a wallet ? ...since it would be thicker than paper, unless it is made from like softer Nylon... humm.
Go back and read the article. It tells you what the "plastic currency" is made of. Apparently, you have never held or have even seen Australian currency. I met an individual from Australia who was in America to work. At the time Australia was just rolling out with their "plastic currency". The lot of us each took turns trying to rip it up. We couldn't. I wish now I had exchanged with him. Instead our group took a USD dollar bil and ripped it into 8 parts and agreed to meet at a certain location on a certain date and time. I still have my piece layin around somewhere.To say this will not fit inside of a wallet, you have no clue if any what you are even talking about. Oh and the Australian currency was thinner than a 1 dollar bill when we compared them.
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3 hours ago, olivesman said:
Post rv I'll be building a massive bitcoin mining machine! (Oops, let the cat out of the bag...
)
Don't forget to build your own Power Plant as well as it stands now you need a great deal of processing power for this. When Bitcoin was in its infancy you maybe could have done this on a powerful desktop computer. Now you need thousands and thousands of them to mine bitcoin. Yeah I researched it back around 2005 or so when I was living in NC. The amount of processing power and electricity needed back then was not feasible for me.
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1 hour ago, coorslite21 said:
Well, she sure ain't Jenny from the Block......but back to Trump........so that low life that HillBillary said he was unAmerican because he paid no taxes........ actually he paid $38 million in one year and he paid at 25% ........what a dope........Romney was only paying 14%.........wonder what the Clinton's paid that year....amount and percentage.......do you know????....... (It makes her look bad...!!)
Romney paid 14% because he had no earned income only investment income. You pay investment income through the Capital Gains tax which was roughly 15% at the time. People don't know the difference between passive income and active/earned income they all think it is paid the same. Something people need to learn here especially once they cash in on the RV and begin investing. I am not defending Romney because personally I think he is a RINO and ranks down there with McLame and his butt buddy Lucy Graham from SC.
The one percent difference was due to deductions that everyone has the opportunity to take. Anyone that doesn't try to reduce the amount of taxes they pay is nothing more than a fool. As the say a fool is always quick to part ways with their money.
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Anything north of 1.16 I am happy.
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On 3/8/2017 at 7:41 AM, bostonangler said:
I apologize, I wouldn't want to make stuff up and mislead like you know who...
B/A
Infamous former CNN news anchor Don Lemon?
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I already thought Iraq moved to a market economy... a black market economy. geesh!
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My question is not so much on when if and ever will it happen but on what happens after it RVs. Let's say for example Iraq decides to float its currency starting at 1128 (this number could be any number below 86 cents it could be 10 cents to the dollar). Given this float what would be your expectations in general timeframe of the buy price reaching a 1:1 ratio with the dollar? Would you expect a sharp rise or a gradual climb over 2 to 5 years? (A general understanding if the currency denominations change iraq is giving ten years to exchange to the new currency). Do you expect a market correction or wild swings within the first 90 to 180 days before stabilizing?
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Another campaign promise kept. He said he would keep a dollar of his presidential salary. He must of learned that he has to accept the salary in order to donate it. Perhaps he should donate it to the Purple Heart Foundation to help vets out with smart houses. Since there is a waiting list of 150 veterans in need of a smart house at this time. These houses are given to amputee veterans that are need of modifications to their homes in order to perform everyday functions that people take for granted like reaching into kitchen cabinets, doing laundry and cooking on stoves that stand waist high.
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16 hours ago, Man_Kind said:
Red head , Blonde , Brunet , don't matter...........Always remember Theseus, beauty is only a light switch away !!!
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Kurdistan is said to have 17% of Iraq's oil. The issue of a sovereign nation of Kurdistan is the territory they claim which is part of Turkey and part of Iran as well as Iraq. Turkey won't allow them to be a free nation and neither will Iran. The kurds have tried using the same tactics as what Isreal faces with the 1967 borders. The Kurds claim the borders but the three nations don't recognize them. Kurds have been trying to become sovereign going back beyond Reagan to the time when the ME was redrawn after the fall of the Ottoman Empire. To say this is a conspiracy against Iraq is wrong due to the fact they were denied a nation state. However, their credibility and argument for a nation state, by far, exceeds the Palestinkians as the Kurds are actually a people who have historically lived in that area and have historic ties to that area.
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Define surveillance. Surveillance could be as simple as tracking your net usage to know what advertisements to show you. Surveillance is tracking your activities pure and simple. So are they going to ban this activity too? Hmmm they better be careful what they mean surveillance, huh?
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And when you ask a question, you get this response:
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38 minutes ago, tankdude said:
But the label said "All Natural". One of the biggest fallacies in the world. "All Natural" does not mean safe.
"All Natural" falls into the same category as "Diet" and "Organic". These words placed on products just translates to "mo money".
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The Islamic calendar is based off the lunar cycles. The first month of the Islamic new year is based off the first day of the lunar cycle for that year. Which is why there is a discrepancy in dates. I enjoy timeanddate.com too and use it for a good many things. However, doing a google search on the Islamic New Year for 2017 pulls up September 21/22 and the Old Farmer's Almanac pulls up September 20 and timeanddate.com pulls up September 22. Which one is right, consult the astronomical charts for the answer. As both Google and Old Farmer's Almanac states, the dates may vary.
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5 hours ago, ratfink772 said:
Iraqi Islamic New Year for 2017 is on 22 September
Technically it begins the evening of September 21 and ends the evening of September 22 in 2017. We are both right.
However the Old Farmer's Almanac has it starting the evening of September 20.
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Considering the Islamic New Year falls on September 21st this year. Technically you would be right by saying Happy Islamic New Year on the 21st and wrong 11 times in 2017.
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Lol this line is funny:
There’s no better place to find out these days than Iraqi Kurdistan, which is, by any measure, one of the most pro-American places in the world.
Because I don't think under the Obummer administration, the United States would be in the "one of the most pro-American places in the world" category.
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So is Deb a red head? Inquiring minds want to know only for about a second.
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3 minutes ago, jeepguy said:
Hahahaha now that is funny!
Shhh...don't encourage the help!
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39 minutes ago, patrickgold said:
Her moment of stupidity comes back to haunt her!!!
Which moment would that be? Wait another one just passed her by. And another and another and another....
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26 minutes ago, RV ME said:
No, enlisting does not necessarily make you a big man, but if it makes you feel better you go with it. All I am saying is that thanking someone who served is fine, but recognizing what they have done since that time may reduce the stature earned by serving. That being said, here is some friendly advice for my diminutive friend, you may want to put a dressing on that festering wound, it’s seems to have oozed out all over your reply to me
What someone did while serving also denigrates their stature earned by serving. Ask McCain about why he voted not to go back to Vietnam to look for MIAs, Just ask him I dare ya!
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Even your precious gurus agree with me now.
in Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
Posted
Trols are num! num! num!