2015 Budget - Going to be difficult

[dontlop]

Tex::; DL has a rare form of Obsessive/compulsive disease....When logged on to DV he must post something. But can only do a sentence at a time .. Dont try to understand what they mean . That WILL drive YOU crazy.

His family knows he should see a Dr. , But  he is too much fun at parties

So you think personal attacks are the way to go rockfla

What's the matter did your bs get turned into your face so it's all you got?

Let's talk about your family rockfla , do you lie to them to?

And when they catch you like I do , do ya attack them too?

[rockfl9]

DL: Just an observation! Your latest posts have become incoherent. You should go back and read them. Not sure that what you wrote is what you meant? Leaves me a little concerned about you possibly hurting yourself.

You have me confused with someone else. NO family with dinar .. 

[dontlop]

Uh huh

[dontlop]

Did ya ever get a pay cut and figure this is good?

Iraq got a huge pay cut with low oil prices

Now is this good because they will just raise the value of their local currency to compensate

If there were only 10 thousand dinars in iraq and you were dependent on supply and demand of these dinar they could float the exchange rate and let the market determin the rate

But if ya had 80 trillion of them and were depending on supply and demand why would the value increase ?

Its a tough question to answer honestly

Did any one ever find any evidence of iraq reducing the supply of dinar to any significant degree that would justify a large increase in value or a huge Influx of Capitol to raise the value of the 80 trillion dinar?

We do know that the national income from abroad has recently declined how ever it may be temporary

Even though it may be temporary , what would be the reason for an increase in value of their currency right now

If I were short on assets I don't think I can simply claim I'm worth more because I'm short

This is what the imf auditing board is responsible to report to its members ,,,, the truth about every other member of the imf

What imf article is iraq currenctly operating under ?

Is it still article XIV ?

To get international recognition wouldn't they have to agree to the regulations under imf article 8?

So where are they right now ?

Does anyone ever think about the " many" factors involved and how it's necessary to have everything in order ?

And if they do think about it do they look to see if everything is in order

And if you ask them why do they get mad and try to personally attack you?

Don't tell us the truth syndrome is very unhealthy

I don't want to know the truth syndrome is really some kind of mental disorder

Now

Where do you stand ?

Want the truth ?

Don't want the truth ?

Pretend you want the truth but really don't ?

[rockfl9]

VERY DEEP thoughts DL

The truth is there is closer to 90T dinar in M2 now !

The MOF is Going to have a hard sell of the proposed corrections.

New taxes , salary cuts ,cancellation of some projects.

Some will take new laws which take time to enact.

Estimates are that oil will be below $60 for most of 2015.

A quick fix would be for the CBI to up the auction rate to 1220, then if the new income doesn't cut the deficit up it again! More dinar for the dollar.

Make it more expensive to convert to dollars.

That's the truth!

[dontlop]

The cbi guarentees the exchange rate at 1166

To up it to 1220 woukd be a devaluation and the market rate woukd be at 1275

They should of been printing more dinar all along or increasing the exchange rate on what they had

They chose to steal the money instead

Now they are in a bind

They should pass legislation to guarentee the dinar valuation increase every year like they did with their debt to kuwait

Like say 5% of all oil revenues to go to back the local currency then they woukd get some real investors involved

That would be classified as a crawling peg like they did from 2006 thru 2009

Once they reach their desired exchange rate then they can stablize it

But they chose to stablize it with 80 trillion dinar valued at 1166

[rockfl9]

The CBI SETS the exchange rate, It is not guaranteed. The purpose of the auctions is to fund the government. IF the CBI/MOF determined that a change it the rate was in the best interest of Iraq it should do so. 

Increasing the rate will put more dinar in the hands of the MOF spreading the deficit across the entire economy . Sure imports would cost more just as a tax would , but the effect is immediate. To ease the shock to the economy could start with a 2% bump and measure the effect. Our Fed does the same thing with interest rates.

The market rate would go up too, but that would make dollars harder to get which is a good thing.

[dontlop]

The central bank does what their superiors tell them to do

It's not a seperate entity

The central govt of Iraq owns 100% of the stock in the central bank of iraq

On January 25, 2011, the Supreme Court of Iraq ruled that the Central Bank of Iraq should be under supervision of the Council of Ministers of Iraq.

The 2004 cbi law is amended in 2011

It's all the govts money all of it

Council of ministers

Supervises them

Iraqi council of ministers

http://en.m.wikipedia.org/wiki/Council_of_Ministers_%28Iraq%29

[caz1104]

yes they do................no they don't..................yes they do..............no they don't............LOL only their hairstylist knows for sure.

[rockfl9]

DL :: You made my point. While not involved with daily actions the MOF influences the overall policy of the CBI.. The CBI would not FLOAT the dinar without agreement of the MOF/COM.. That would be a major economic change. A big movement in the rate would also need approval.

So the governor cannot just "push a button" as the RVers would like to think.

[dontlop]

Unless the goi told them to , not without them agreeing to it

The cbi only articulates the policies the central govt tells them to

The cbi doesn't change policies the central govt does

[rockfl9]

Wow DL, right again!   Now if we can  gradually dispel the myths behind the great RV.

[dontlop]

Is that your goal here ?

[dontlop]

ah ha ha ha ha ha ha ha ha

[rockfl9]

DL Have you stopped taking your meds?. Again!

[dontlop]

So did you set up your off shore account and your corporation llc

You should be prepared

Who's your financial advisor ?

Barnes and noble ?

[rockfl9]

I've read your posts on other subjects. Very good !

Yes

When country' s  get hard times they suck up and go conservative  OR

Go crazy and play with the currency only to kill the economy.

 

Be careful , you are  a light into the DV universe . 

Dont get banished to the tank...

[dontlop]

Ah ha ha ha ha ha ha

I'd really like to do is figure out exactly how much this thing is going to rv for a

So I can just go ahead and start building my new hippo farm

I wanna surround it with a moat full of alligators crawling on top of each other feeding on the cattle I stampede thru there a couple times a week

I wonder if I can cross breed a giraff with a kangaroo

I want to be the the only one who sells kangaraffs too

I think they would be great for riding like a horse but they jump around

Ya know if ya can train a giraff to run like a race horse you would be rich

Or cross a giraff with a horse

A girrorce could win every race at the track

Including the Kentucky derby

With those long legs and the ability to stick his neck out so far

I can't see a regular horse beating it

[dontlop]

Kentucky derby dude

Kentucky derby

[rockfl9]

DL :: You are a puzzle!

One minute clear and lucid . Even able to relate the impossibility of an RV

 

THEN BAM

 

Complete garbage talk.

 

Neurons firing off at random!

 

How long have you experienced  this condition?

 

Maybe if they bring back electric shock therapy ? 

[dontlop]

Derby hats made out of dinar at the Kentucky derby betting on the girrorces to win

[dinarbeleiver]

DL: Just an observation! Your latest posts have become incoherent. You should go back and read them. Not sure that what you wrote is what you meant? Leaves me a little concerned about you possibly hurting yourself.

You have me confused with someone else. NO family with dinar ..

this sounds like keepem I bet you are keepem - another username for keeps alert

[rockfl9]

this sounds like keepem I bet you are keepem - another username for keeps alert

NOPE1

But hey DB ,did your bank ever get the E-mail to allow them to sell you more dinar??/  Better get more before the price changes!

[rockfl9]

I am not sure of what the rules of procedure for Iraq are BUT on the 7th there will be at lest 10 amendments . They could be voted on individually or sen to .\some  commitee.to rewrite. Think 2 weeks. 

Let's wait to the end of the month.

[dontlop]

Sunday the oil ministry and the ministery of finance will be chiming in on the budget and the ministry of education isn't happy

The kurds in at least one article said they want to install implement article 140 into the budget

I'm not sure how many other things I've heard but it's definatly not settled yet

They are just now setting up a committee to draw up a " draft hcl law "

It's still unfolding but I'm sure everyone is anxious to get money flowing into their region especially the kurds so it might go quickly

Instead of the Kurds blocking stalling and boycotting this year they may be the ones urging they pass the budget