Popular Post drox Posted July 14, 2010 Popular Post Report Share Posted July 14, 2010 I believe the pressure is mounting and will force an action. Patience and compassion has run out. Pressure from citizens, economist, US and UN interests, contractors, IMF and World Bank, Arab nations, US forces leaving, and of course...Dinar holders everywhere!!! 3 Different Iraq economists are calling Shabs out! First... http://www.aknews.co...knews/2/163759/ (Thanks Gemini305) Baghdad, July 14 (Aknews) – The departing Iraqi government has faced criticism from economists for failing to increase the value of the Iraqi dinar despite the rise in oil prices on the international market. The dinar continues to suffer from it's significant difference in value from the hard currencies and this divide has been blamed on the lack of financial planning by Iraq's governmental economic institutions. Iraqi economist, Taher Yasin said today that the appropriate governmental institutions need to look seriously at the activation of the necessary frameworks that would lead to the development of the position of the Iraqi dinar on the international market. "The problem of the Iraqi currency remaining the same despite high oil prices is due to the lack of economic awareness in the country, as well as the arbitrary decisions taken previously by the Iraqi government." Yasin observed. Yasin further commented that this would be all the more pertinent in light of the opening of Iraqi markets in the region. It is Yasin's belief that Iraq's economic prosperity and the strengthening of the Iraqi dinar are being hampered by financial problems resulting from the government's past decisions and lack of financial planning. OUCH!!! Hear that Shabs? My man just called you to the carpet! Sure he blames the government but YOU are the transparent one Mr. Shabibbi! The CBI is transparent and independent from the government so why are you not acting like it? Your obsession with low inflation percentage does not put food on the table for the people! Please Mr. Shabbibbi read on.... Second... http://translate.goo...q.com/index.php (Our old friend Dr. Peace Sumaism) BAGHDAD (Iba) Economic expert has warned that the peace Sumaisem Iraq is suffering from deterioration in the actual value of the dinar despite the improvement in monetary value. She Sumaisem in contact with the agency, the independent press (Iba) that the actual value of the currency represents the volume of goods and materials that could be available for a monetary union and that are related to rates of per-capita spending. She said the central bank monetary policies implemented purely for the purpose of raising the value of the dinar against foreign currency but the application of these policies has been limited to glance away from the rest of the files or other economic attention to the implications that may arise, leading to a severe inflation of expenditure. And because she raise the prices of petroleum products and electricity crisis has increased the rate of expenditure of the Iraqi family, and during the past four years the volume of inflation in the expenditure ratio of 45% in spite of the stability of the national currency according to reports by Human Development at the United Nations. They noted that the Department of Statistics, Ministry of Planning indicated in 2006 that the Iraqi individual spends almost 40% of average income on energy file, which includes the purchase of fuel and electricity supply, which reflected the actual value of the national currency. Showed Sumaisem hand he figures we find improvement of the currency in monetary terms, but in practice we find a significant difference in goods and supplies that we can get it because of the low rate of real per capita income, and she some employees are paid 200 thousand dinars per month, but in practice how goods and supplies could also benefited from and get through this salary. She noted that the process to support the currency brought us the illusion of cash due to higher spending and prices in the Iraqi market. Wow Shabs... another shot at you buddy! She says you are out-of-touch! Basically that in your incessant demand to make the numbers look good from an economist's viewpoint that you have forgotten to look at the real purpose of helping the people. Low inflation is good but you aren't seeing that it's a fraud because people can't afford anything because the real value of the Dinar is wrong. It is a money illusion. You can't lower inflation more so you must increase the nominal value! You must Revalue the exchange rate! This is such an interesting article to me. She is one of the few leaders in Iraq that are looking out for everyday citizens. She actually ran in the elections. I have followed her quite a bit and always look for her articles. She believes that the nominal rate and the real rate of the money are off. She believes that all of the measures to reduce inflation and to artificially set the exchange rate have led to a monetary illusion. That the real rate of the money is less than the nominal rate of 1170. The real rate being the actual purchasing power and the nominal rate being the value listed on the market. She is not suggesting it is overpriced but under. She is telling Shabibbi in so many words that he has missed the mark and is focused on the wrong numbers. That the reigning in inflation, dropping interest rates, increasing savings rates are all good but are not helping the people get ahead. They are still losing the battle. Those things help in the long term but the people are suffering now! The average Iraqi income is $2210 a year (See below)! That is an average mind you and is probably high because the wealthy average it up higher. Now... take out 40% of that income because they use that for electricity and gas. Feed your family on that! Oh... by the way, the unemployment rate is around 25% and electricity will only be on for parts of the day. Third... http://translate.goo...q.com/index.php ( The good doctor Peace Sumaism again) According to an economist Sumaisem peace "that the Iraqi individual suffering from low-income rate compared to the potential and wealth that characterized the country." "Iraq has oil reserves are significant, but their per capita wealth of the national do not exceed 2210 dollars and which are not commensurate with the amount of oil that we issue a year, or with the amount of 300 billion dollars that monitoring within the annual plans for the four years the past. ". The report of the Institute of Statistics of the World Bank released earlier this month indicating that the average income of the Iraqi citizen per year is 2210 dollars, less than two and a half million a year under the low and the reality of services and high living standards and drain the Iraqi family by providing the basic necessities of living water and electricity. Sumaisem said, for "harmonization between the rate of 2200 dollars annualized return of the Iraqi people compared to 300 billion dollars spent on the annual budgets over the years," indicated "that after hitting this amount in the population of Iraq will not find any proportion and fit in government spending by at returns for the Iraqi people of interest ". She pointed out that "this number is set by the World Bank study is the rate of the fact that some individuals have an annual income higher than this average and many members of the community earn less than this amount." She Sumaisem "Any deterioration in the humanitarian situation within the country due to the rate of low-income for the Iraqi people, which entails the consequences and implications of several social. Stressing" the need to reconsider the economic policy of the country to the fact that the Iraqi individual has the right to share in the wealth of national security. " Observers point out the need to implement economic policies, the process revive the industrial and agricultural sectors to supply the state budget and raise the rates of financial income, which will increase therefore the rates of wages and salaries per capita, which contributes to a certain degree of luxury denied to the Iraqi citizens for many years Shabs... you are taking a beating my friend. Let's continue shall we? Fourth... BAGHDAD (Iba) . Economic expert said that it is difficult to estimate and limit the size of the losses resulting from the delay in forming the Iraqi government, noting that the investment sector will be the first affected by it. The expert added as Abdul Hadi in contact with the agency, the independent press (Iba) all of the delay in forming an Iraqi government that would lead to delays in the implementation of investment projects which have been developed through the investment plan for the government and the state budget. Abdul Hadi pointed out that the delay in forming a government will lead to a delay in Cecchelalrwip strategy for the new government and decision-makers through passing the obstacles and mistakes made by the current government. He stressed that the economic effects of the postponement of the House of Representatives for its first session will be tailored to despite the fact that the impact would be indirectly on the various economic sectors. The community that Iraq would suffer economic losses in the millions by delaying the adoption of investment projects in the country or delayed payment of dues for such projects through supplementary budgets, delaying the movement of economic development in the country. Ok Shabs... blame went to the so called leaders on this one. Phew! Was starting to feel bad for you. However... you are still supposed to be transparent...so by default you are culpable as well! Your lack of courage to make a decision without the government or perhaps your stubborn inability to listen to others have cost everyone. It is time to adapt to the situation! Throw the playbook down and draw up a play in the dirt! Remember what Sonny1's intel said was happening and helped him pick July 26th? Sure sounds like the electricity problem could force an RV if the contractors demand payment in a credible currency. The contractors are probably done with issuing credit to Iraq. They want funding now. Cast that problem to all areas of the infrastructure redevelopment projects and those contractors. Then compound it with the ridiculous flow-through hoops that must occur through the DFI. It is a recipe for a nightmare and we are witnessing it. The log jam is the inability to form the government and the decision to hold the rates where they are. Shabibbi is delaying for some unknown reasons. I hope it is for the government to be in place to keep the peace and to advise the citizens. I hope it is not because he is waiting for some magic inflationary percentage number he is focused on hitting. Regardless, the pressure is mounting on all sides and something has to give way soon! Watch for a major increase in violence and some heavy political dirt being revealed. Maybe they should piss off Biden and make him fly over again??? 28 Link to comment Share on other sites More sharing options...
Trimark Posted July 14, 2010 Report Share Posted July 14, 2010 Great post drox! I hope Shabs is just delaying for the government but it seems like pressure is becoming so strong and the politicians are taking so much time that he may not be able to wait that long. The more pressure the better as far as I'm concerned. Let's get this RV going. Link to comment Share on other sites More sharing options...
Niko Posted July 14, 2010 Report Share Posted July 14, 2010 Drox..thanks fo the post and breakdown. Link to comment Share on other sites More sharing options...
truckerron49 Posted July 14, 2010 Report Share Posted July 14, 2010 Drox. I like the way you think..Thank you for your input on this and for breaking it all dow for the rest of us.... 1 Link to comment Share on other sites More sharing options...
Kimjackie Posted July 14, 2010 Report Share Posted July 14, 2010 Thanks for this excellent post, I agree totally..................Lets keep the pressure on.............. Link to comment Share on other sites More sharing options...
lechesuerte Posted July 14, 2010 Report Share Posted July 14, 2010 Nice Drox, good job!! Just think of the GOI and sing "Under Pressure"! GO RV in 2010!!!! Link to comment Share on other sites More sharing options...
gregg450 Posted July 14, 2010 Report Share Posted July 14, 2010 Nice! Link to comment Share on other sites More sharing options...
ac63corvette Posted July 14, 2010 Report Share Posted July 14, 2010 I wonder how much more pressure they can take before this thing finaly blows? Link to comment Share on other sites More sharing options...
carolina.broker Posted July 14, 2010 Report Share Posted July 14, 2010 Thanks for posting Drox... love to hear about more pressure Link to comment Share on other sites More sharing options...
pefain01 Posted July 14, 2010 Report Share Posted July 14, 2010 Wow-great article and analysis-Thank You for posting! Link to comment Share on other sites More sharing options...
tcjams Posted July 14, 2010 Report Share Posted July 14, 2010 Great post, thanks! Link to comment Share on other sites More sharing options...
cris Posted July 14, 2010 Report Share Posted July 14, 2010 drox....great article...thanks for the post, and the way that you insert your comments....this is very helpful, and surely saves time answering the obvious questions that would come up.....thanks again for all the hard work you put in Link to comment Share on other sites More sharing options...
wbuse984 Posted July 14, 2010 Report Share Posted July 14, 2010 Excellent break down...thanks drox...very much appreciated... Link to comment Share on other sites More sharing options...
trishberg Posted July 14, 2010 Report Share Posted July 14, 2010 Absolutely amazing! I like your style. Thank you for putting all this together for us. Link to comment Share on other sites More sharing options...
kox Posted July 14, 2010 Report Share Posted July 14, 2010 Thanks Drox for all the info.....Good presentation...keep the pressure up, Link to comment Share on other sites More sharing options...
ROACH Posted July 14, 2010 Report Share Posted July 14, 2010 Well done. I wish all the powers and wanna be powers over there would read this. Link to comment Share on other sites More sharing options...
Bobbydee Posted July 14, 2010 Report Share Posted July 14, 2010 Good job Drox. Thanks for the post God Bless Semper Fi 1 Link to comment Share on other sites More sharing options...
automag Posted July 14, 2010 Report Share Posted July 14, 2010 Great post drox...Excellent read and I couldn't have said it better....but then you always do such a good job at clearly laying it all out. So thanks again for the post. 1 Link to comment Share on other sites More sharing options...
Sassysmom Posted July 14, 2010 Report Share Posted July 14, 2010 Thanks Drox. Great post, very understandable. Link to comment Share on other sites More sharing options...
profitmizer Posted July 14, 2010 Report Share Posted July 14, 2010 Great post and breakdown Drox. The heat needs to be cranked up on them, and I don't mean heat from the weather. Link to comment Share on other sites More sharing options...
JBrookes Posted July 15, 2010 Report Share Posted July 15, 2010 I wonder how much more pressure they can take before this thing finaly blows? Hopefully not much!!! Thanks Drox!! Great post! Link to comment Share on other sites More sharing options...
Traconesu02 Posted July 15, 2010 Report Share Posted July 15, 2010 Fantastic post drox - Thanks for the Wonderful evaluation of it all - Just Great! Link to comment Share on other sites More sharing options...
drox Posted July 15, 2010 Author Report Share Posted July 15, 2010 Thanks everyone... I have to do something while I wait, and wait, and wait... Just trying to stay positive and keep the focus on the belief an RV is possible and that it is gonna happen! At this point I am probably trying to prove we aren't all crazy more than the RV liklihood! Doesn't hurt to reach out to Shabs... Who knows, he and Bigfoot might be one in the same. Haha! 1 Link to comment Share on other sites More sharing options...
unclegeek Posted July 15, 2010 Report Share Posted July 15, 2010 For those that didn't see it, I posted an article by :DWWW.WND.COM . It stated that al-quaeda was back, but operating behind the scenes. this might be whats happening here. good report drox, you're gonna compete with bigfoot and possum (but not chief v) with posts like sthat Link to comment Share on other sites More sharing options...
Stumpy Posted July 15, 2010 Report Share Posted July 15, 2010 Kool post drox, thanks for the post!!! Link to comment Share on other sites More sharing options...
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