Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

[yota691]

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

May 11, 2013, 1:43 pm

Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country.

Said Antoine told him the reporter, "news agency Iraqis," that: "reserves the central bank alone is not enough to maintain the stability of the Iraqi economy, where you must rely on reserve economist is the stock of oil and gas, because the reserves the central bank money and gold is not equal to the export of oil to one year . "

Noting that: "The principal reserve that is possible to protect Iraq's economy is the stock of oil and gas in the ground," and explained that "the statistics of the Ministry of Oil, suggests that the oil reserves reached about 150 billion barrels and 19 billion m3 of gas, up to the month of February of the year Current. "

Edited May 12, 2013 by yota691

[Butifldrm]

GM and thanks for the post yota.  This has always been a question of mine.  Could Iraq monetize their oil reserves to back their currency?  

[sandfly]

THANKS

[moneysoon]

This asset would further substantiate a solid move towards becoming a donor country.

[dinarbeleiver]

Brilliant article yota thanks

[unirod]

Brilliant idea Iraq!! now do it!!!

Thx Yota

[TheArtistFormallyKnownAs]

They need to listen to this expert, thanks Yota.

[TBomb]

Also, could they need monetize their oil reserves because they have to start paying people back?

[waterman13]

Could this have something to do with all the talk of all the Central Banks of the world backing their "money" with tangible assets, ie: gold, silver, oil, natural gas, mineral deposits, etc. ?

WM13

[zigmeister]

Also, could they need monetize their oil reserves because they have to start paying people back?

Or is this the work around an RD?

[TBomb]

Zig..I like the way you think...let it be so!!! :-)

Could this have something to do with all the talk of all the Central Banks of the world backing their "money" with tangible assets, ie: gold, silver, oil, natural gas, mineral deposits, etc. ?

WM13

Yes, I think you're onto something waterman.

[uncirculd]

This goes along with basel III complaince right?

[zigmeister]

This is one of the most intriguing articles in a long time.         

[Carrello]

Zig, I got chills reading "RD".

Happy Kamels Day!

[DinarThug]

Zig, I got chills reading "RD".

Happy Kamels Day!

 

U Think That U Got Chills - Check Out Zig !

 

 

       

[dontlop]

i sent this to the cbi a couple months back

 

 

WHERE IS

THE

 

Wealth

of

 

NATIONS?

THE WORLD BANK

Washington, D.C.

Measuring Capital for the 21st Century

http://siteresources.worldbank.org/INTEEI/214578-1110886258964/20748034/All.pdf

Energy and Mineral Resources

In this section, the methodology used in the estimation of the value
of nonrenewable resources is described. At least three reasons lie
behind the diffi culties in such calculations. First, the importance of the
inclusion of natural resources in the national accounting systems has been
recognized only in the last decades, and although efforts to broaden the
national accounts are being made, they are mostly limited to international
organizations (such as the UN or the World Bank). Second, there are no
private markets for subsoil resource deposits to convey information on the
value of these stocks. Third, the stock size is defi ned in economic terms—
reserves are “that part of the reserve base which could be economically
extracted or produced at the time of determination”—and, therefore, it is
dependent on the prevalent economic conditions, namely technology and
prices.6

Despite all these diffi culties, dollar values were assigned to the stocks
of the main energy resources (oil, gas, and coal7) and to the stocks of
10 metals and minerals (bauxite, copper, gold, iron ore, lead, nickel,
phosphate rock, silver, tin, and zinc) for all the countries that have
production figures.

 

 

 

Do Changes in Wealth Matter for
the Generation of Well-Being?

Natural resources are special economic goods because they are not
produced. As a consequence, natural resources will yield economic
profi ts—rents—if properly managed. These rents can be an important
source of development fi nance, and countries like Botswana and Malaysia
have successfully used natural resources in this way. There are no
sustainable diamond mines, but there are sustainable diamond-mining
countries. Behind this statement is an assumption that it is possible to
transform one form of wealth—diamonds in the ground—into other
forms of wealth such as buildings, machines, and human capital.
 

i sent it email under title of world bank .. maybe someone read it

Edited May 13, 2013 by dontlop

[zigmeister]

i sent this to the cbi a couple months back

 

 

WHERE IS

THE

 

Wealth

of

 

NATIONS?

THE WORLD BANK

Washington, D.C.

Measuring Capital for the 21st Century

http://siteresources.worldbank.org/INTEEI/214578-1110886258964/20748034/All.pdf

Energy and Mineral Resources

In this section, the methodology used in the estimation of the value

of nonrenewable resources is described. At least three reasons lie

behind the diffi culties in such calculations. First, the importance of the

inclusion of natural resources in the national accounting systems has been

recognized only in the last decades, and although efforts to broaden the

national accounts are being made, they are mostly limited to international

organizations (such as the UN or the World Bank). Second, there are no

private markets for subsoil resource deposits to convey information on the

value of these stocks. Third, the stock size is defi ned in economic terms—

reserves are “that part of the reserve base which could be economically

extracted or produced at the time of determination”—and, therefore, it is

dependent on the prevalent economic conditions, namely technology and

prices.6

Despite all these diffi culties, dollar values were assigned to the stocks

of the main energy resources (oil, gas, and coal7) and to the stocks of

10 metals and minerals (bauxite, copper, gold, iron ore, lead, nickel,

phosphate rock, silver, tin, and zinc) for all the countries that have

production figures.

 

 

 

Do Changes in Wealth Matter for

the Generation of Well-Being?

Natural resources are special economic goods because they are not

produced. As a consequence, natural resources will yield economic

profi ts—rents—if properly managed. These rents can be an important

source of development fi nance, and countries like Botswana and Malaysia

have successfully used natural resources in this way. There are no

sustainable diamond mines, but there are sustainable diamond-mining

countries. Behind this statement is an assumption that it is possible to

transform one form of wealth—diamonds in the ground—into other

forms of wealth such as buildings, machines, and human capital.

 

i sent it email under title of world bank .. maybe someone read it

Perhaps they are still looking for a translator.

Zig, I got chills reading "RD".

Happy Kamels Day!

Just a thought, RD is chilling.  

[zigmeister]

i sent this to the cbi a couple months back

 

 

WHERE IS

THE

 

Wealth

of

 

NATIONS?

THE WORLD BANK

Washington, D.C.

Measuring Capital for the 21st Century

http://siteresources.worldbank.org/INTEEI/214578-1110886258964/20748034/All.pdf

Energy and Mineral Resources

In this section, the methodology used in the estimation of the value

of nonrenewable resources is described. At least three reasons lie

behind the diffi culties in such calculations. First, the importance of the

inclusion of natural resources in the national accounting systems has been

recognized only in the last decades, and although efforts to broaden the

national accounts are being made, they are mostly limited to international

organizations (such as the UN or the World Bank). Second, there are no

private markets for subsoil resource deposits to convey information on the

value of these stocks. Third, the stock size is defi ned in economic terms—

reserves are “that part of the reserve base which could be economically

extracted or produced at the time of determination”—and, therefore, it is

dependent on the prevalent economic conditions, namely technology and

prices.6

Despite all these diffi culties, dollar values were assigned to the stocks

of the main energy resources (oil, gas, and coal7) and to the stocks of

10 metals and minerals (bauxite, copper, gold, iron ore, lead, nickel,

phosphate rock, silver, tin, and zinc) for all the countries that have

production figures.

 

 

 

Do Changes in Wealth Matter for

the Generation of Well-Being?

Natural resources are special economic goods because they are not

produced. As a consequence, natural resources will yield economic

profi ts—rents—if properly managed. These rents can be an important

source of development fi nance, and countries like Botswana and Malaysia

have successfully used natural resources in this way. There are no

sustainable diamond mines, but there are sustainable diamond-mining

countries. Behind this statement is an assumption that it is possible to

transform one form of wealth—diamonds in the ground—into other

forms of wealth such as buildings, machines, and human capital.

 

i sent it email under title of world bank .. maybe someone read it

I completely missed what you were referring to in this article.  It appears someone indeed did read it.  Not only that, I am sure they are researching it as well by the sounds of the article above.  I really like this.

[Hotcurl]

This goes along with basel III complaince right?

 

Yep, that's what I'm thinking ......................................

[dontlop]

 

Economist calls for the adoption of the oil and gas reserve of the Central Bank economist

May 11, 2013, 1:43 pm

Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country.

Said Antoine told him the reporter, "news agency Iraqis," that: "reserves the central bank alone is not enough to maintain the stability of the Iraqi economy, where you must rely on reserve economist is the stock of oil and gas, because the reserves the central bank money and gold is not equal to the export of oil to one year . "

Noting that: "The principal reserve that is possible to protect Iraq's economy is the stock of oil and gas in the ground," and explained that "the statistics of the Ministry of Oil, suggests that the oil reserves reached about 150 billion barrels and 19 billion m3 of gas, up to the month of February of the year Current. "

 

i cant forget this post  a couple weeks ago ..

[zigmeister]

i cant forget this post  a couple weeks ago ..

Nor can I.

[dontlop]

Yep they got plenty of oil to back the dinar just like the economist says they do

Notice how the articlel says use oil and gas to back the dinars ,,INSTEAD.. Of gold and the dollar

He goes on to say the oil in the ground

Edited October 11, 2013 by dontlop

[keepmwlknfny]

This goes along with basel III complaince right?

No basel III compliance isnt on the central bank level of backing the value of the currency

[dontlop]

i sent this to the cbi a couple months back  WHERE ISTHE Wealthof NATIONS?THE WORLD BANKWashington, D.C.Measuring Capital for the 21st Centuryhttp://siteresources.worldbank.org/INTEEI/214578-1110886258964/20748034/All.pdfEnergy and Mineral ResourcesIn this section, the methodology used in the estimation of the valueof nonrenewable resources is described. At least three reasons liebehind the diffi culties in such calculations. First, the importance of theinclusion of natural resources in the national accounting systems has beenrecognized only in the last decades, and although efforts to broaden thenational accounts are being made, they are mostly limited to internationalorganizations (such as the UN or the World Bank). Second, there are no

private markets for subsoil resource deposits to convey information on the

value of these stocks. Third, the stock size is defi ned in economic terms—

reserves are “that part of the reserve base which could be economically

extracted or produced at the time of determination”—and, therefore, it is

dependent on the prevalent economic conditions, namely technology and

prices.6

Despite all these diffi culties, dollar values were assigned to the stocks

of the main energy resources (oil, gas, and coal7) and to the stocks of

10 metals and minerals (bauxite, copper, gold, iron ore, lead, nickel,

phosphate rock, silver, tin, and zinc) for all the countries that have

production figures.

 

 

 

Do Changes in Wealth Matter for

the Generation of Well-Being?

Natural resources are special economic goods because they are not

produced. As a consequence, natural resources will yield economic

profi ts—rents—if properly managed. These rents can be an important

source of development fi nance, and countries like Botswana and Malaysia

have successfully used natural resources in this way. There are no

sustainable diamond mines, but there are sustainable diamond-mining

countries. Behind this statement is an assumption that it is possible to

transform one form of wealth—diamonds in the ground—into other

forms of wealth such as buildings, machines, and human capital.

 

i sent it email under title of world bank .. maybe someone read it

Notice the world bank article talks about minerals in the ground being used to finance economies

Turning oil in the ground into human capitol

Oh no there's no way to do that just ask a lopster

[dontlop]

Everyone everywhere doesn't know everything

What...IF...

Sending the world bank article to the cbi opened some eyes and the plans they had came to a complete halt and they started over again so they can rv using the oil in the ground to back the dinars new higher rate

What if ...by me emailing this world bank article to the cbi I single handedly stopped the lop and now we are looking at a huge rv

Hey this if word works pretty good

What If we were going to get squat now were gonna be millionaires

If ...there was only a way to get some gurus sources to look into it they got connections ya know