TNT:

Elmerf123456 : People hate silence. If they have less than 12 hrs they go into fruit loop mode. We are in a good place and it's the timing! Nothing has changed. You walk and rub elbows among the best knowledgable people out there.

Be the best you can be and stick like glue. Silence isn't negative. Silence is positioning.

Elmerf123456:  I want everyone to know I just got off the phone with Okie he underwent surgery very successfully but where they thought he was affected on his spine in four areas turned out to be seven.

It was good that he got these taken care of because it could've been crippling.

What he needs now is rest and to get his strength and for all of us to keep him in your prayers and he wanted me to tell everyone he loves you!
....

WEALTHWATCH  1-12-16
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Wealthwatch Tuesday Night OOTW Chat 1-12-16   Part 4 of 4
 
time2rv: International Monetary Fund Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding The following item is a Letter of Intent and a Memorandum of Economic Policies of the government of Iraq.
 
It is being made available on the IMF website by agreement with the member as a service to users of the IMF website. This memorandum describes the policies that Iraq is implementing in the framework of a staff-monitored program.
 
 A members's staff-monitored program is an informal and flexible instrument for dialogue between the IMF staff and a member on its economic policies. A staff-monitored program is not supported by the use of the Fund's financial resources; nor is it subject to the endorsement of the Executive Board of the IMF.
 
International Monetary Fund Iraq and the IMF Press Release: IMF Managing Director Approves a StaffMonitored Program for Iraq January 12, 2016 Country's Policy Intentions Documents E-Mail Notification Subscribe or Modify your subscription Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding December 22, 2015
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 WEALTHWATCH  1-12-16
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Wealthwatch Tuesday Night OOTW Chat 1-12-16   Part 3 of 4
 
OOTW: BANKING STANDARDS (INTERNATIONAL) ARE ONE OF THE STANDARDS WHICH THEY ARE MEETING
 
OOTW: PROGRAM MODALITIES AND RISKS 26. The SMP will have quarterly reviews (MEFP, ¶30). It will set quarterly quantitative targets on the non-oil primary balance, the stock of net domestic assets of the CBI, official foreign exchange reserves, social spending, and the absence of new external arrears, starting in December 2015 (MEFP, Table 1), and a few structural benchmarks (MEFP, Table 2).
 
The targets on the stock of net domestic assets of the CBI and official foreign exchange reserves will have adjusters allowing more/less indirect monetary financing and use of reserves in case foreign financing is lower/higher than programmed, with an asymmetric cap on the additional monetary financing to protect foreign exchange reserves (Technical Memorandum of Understanding-TMU, ¶¶13-16).
 
The target for the non-oil primary balance for December 2015 will be adjusted when the true level of spending financed by domestic arrears in 2015 will be known (¶23; TMU, ¶12). The targets on the non-oil primary balance and the stock of net domestic assets of the CBI, the main source of domestic financing of the budget, will keep total public debt on a sustainable trajectory.
 
Each program review will set a few structural benchmarks in areas that are essential for the success of the program. The authorities intend to demonstrate good performance under the SMP to move to a possible Fund financing arrangement.
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WEALTHWATCH  1-12-16
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Wealthwatch  Tuesday Night OOTW Chat 1-12-16   Part 2 of 4
 
OOTW: The fall in oil prices since mid-2014 is expected to increase the current account deficit from 1 percent of GDP to 7 percent of GDP in 2015 and 6 percent of GDP in 2016 (Table 5).
 
Because of debt amortization, arrears repayment, and private capital outflows, the overall balance of payments deficit could reach 8 percent of GDP in 2015 and 6 percent of GDP in 2016, of which the financing will involve a large drawdown of official foreign exchange reserves.
 
Reserve coverage would fall from 13 months of imports of goods and services in 2014 to 7 months in 2016.
 
The fall in oil prices is also causing a sharp deterioration of the fiscal position with the budget deficit increasing from 6 percent of GDP in 2014 to 15 percent of GDP in 2015 and 10 percent of GDP in 2016 (provided measures discussed below are implemented), and the total public debt increasing from 39 percent of GDP in 2014 to 66 percent of GDP in 2016. In the medium term, the outlook should improve as oil production expands further,
 ~~~

WEALTHWATCH  1-12-16
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( We at Recaps wish to thank OOTW & Butifldrm for their very labored and in depth work on this lengthy informative post - We are happy to share with our readers  - We appreciate all of our contributors and readers)
 
Wealthwatch  Tuesday Night OOTW Chat 1-12-16   Part 1 of 4
 
 
Donnie: 1/12/2016 0:00 BAGHDAD Shaima Rashid expressed Security Committee and Parliamentary Defense, its intention to approve the Interior Ministry Act during the next legislative term, stressing that the law to withdraw from the ministry to add paragraphs suit the current phase,
 
 as shown committee of parliamentary power, oil and gas law, the most prominent laws that the Commission intends to approval, at a time when the House resumes the second legislative term sessions, on Tuesday of next week, corresponding to January 19.
Donnie: Legal and parliamentary directed the Interior Ministry to pass .., oil and gas alsabaah.iq/ArticleShow.a...
 
Doug_W: I sure hope it passes the HCL  Doug_W: '@Donnie' ty that IS great news
~~~

KTFA:

Aggiedad77:  Here are the CC Notes from Dessert for last night Family....enjoy

Aloha Randy

*** The comments made by Frank26, Delta and others are their sole OPINIONS and cannot and should not be used as any form of financial, tax, banking or investment advice! We offer NO DATE, NO RATE on this forum!!! ***

CC Dessert Notes from Tuesday 01-12-2016

Frank26:  Greetings Family.....we had many files prepared for you, starting Saturday night and into Sunday and then all day Monday, many files were prepared for you.....we were excited about the things we were discovering and wanted to share to you.
Now my apologies to you...

I did not know that a National Championship football game was being played last night and if we had known we would have waited and shared with you tonight.
....

So in the article below we are witnessing news of non-conformity in the bank practices and we see that Iraq still has a problem managing these banking practices. Something we see in our countries as common practices are not yet infused into their society.

Remember it is the CBI that must come up with procedures and enforcement to regulate the banking laws. This is all just so knew to them still. Can anyone in Iraq do anything good out of moral fortitude for the good of the country as a whole without having a law jammed down their throats to make them do it? 

I quote from the article below - "if the banks have done to provide services to customers in order to attract this money saved, it will contribute to move the Iraqi economy," noting that "the central bank has a plan in order to attract these funds for the purpose of investment and moving the wheel of the Iraqi economy."

So what is this plan?

(Thank you George for emailing this so Dinar Recaps can post it.)

UU6855 - "Quick Update" by Mnt Goat

Hello Everyone,

Our winter ski season is strong this year. Just recently we got blanketed with mounds of snow and the bitter January cold seems to have finally arrived. The tourists are very happy. Our little village is now like a gingerbread town and this too is part of why I enjoy Bavaria.

I just wanted to pop in today and give you fine dinarians a quick update. There is much news and it is all progressing nicely so relax. It is my opinion that Iraq is still moving to late January / early February target dates for some reason. We are also being told now they want to conclude ISIS fighting in region of Mosul by end of month too. WOW !

They have told us targets for HCL, General Amnesty law, Federal Council law also in this timeframe. Remember that even though we see signs that these laws may be already in the implementation stage they are not "official" until parliament passes them, Masuam ratifies them and they are posted in the gazette.

WEALTHWATCH  1-12-16
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Wealthwatch Monday Afternoon OOTW Chat 1-12-16   Part 1 of 2

BREAKING NEWS!!...PLEASE SEE THIS CHAT ON TODAY'S IMF PRESS RELEASE REGARDING THE STATUS ON IRAQ'S MONETARY AND ECONOMIC POSITION!   THEY DISCUSS ARTICLE 8
 
 OOTW: HI EVERYONE
 
OOTW: FOUND TWO INTERESTING PRESS RELEASES AS THE MINISTRY OF TRANSPORT SITE
 
OOTW: AND THESE DEFINITELY WERE NOT POSTED YESTERDAY, OR THE DAY BEFORE- REGARDLESS OF THE DATES POSTED (I CHECK THESE SITES DAILY)
 ~~~

TNT:

Phantom809 : Here recently starting just before Tony left a flurry of exciting information. A whirl wind if you will. And now a void, a calm, a dearth of intel. It is very eerie yet, somehow familiar! I have had the misfortune of experiencing the eye of a hurricane more than once in my life. The eye is a very unique atmosphere. It is actually exhilarating and tranquil just before the other wall of the vortex hits you. I feel this is the place we are currently in.

Demcoit:  Dow  was up 117 close at 16,516.22

NewCreation:  Japan down...Hong Kong down... markets are rigged, its easy for them to say whatever the PTB want them to. Look around the world for truth...every other market is in the red.

SassyD:  Think people..... just HOW would it have looked for the markets to be way DOWN today when the POTUS is making the State of the Union Address tonight.....

I figured, yesterday, that the markets would be in the Green at closing today.... NO Matter what it took !!! !!!
....