7:53 AM [Dinarling] okay, we know that the RV is “in process” and there are rumblings that if the budget is approved in BILLIONS rather than trillions, that the RV is DONE at that point. i am thinking that there must have been an IMPLEMENTATION DATE that was voted on as well and we will not see the RV until that date.
7:53 AM [Dinarling] just thinking out loud
7:54 AM [Dinarling] hi 8ball!
7:54 AM [SGTMMAURO521] OK why the hell are they not meeting tomorrow?
7:55 AM [Dinarling] geez, sgt
7:55 AM [sailor] sgt!!!!!!!!!!!!!
7:55 AM [8ball] SGTMMAURO521 — U think they still are
7:55 AM [8ball] I think they still are
7:55 AM [8ball] they are voting on Tuesday
7:55 AM [SGTMMAURO521] Yea your probably right, just smoke.
7:55 AM [8ball] trouble typing today
8:01 AM [Dinarling] does that make any sense what i typed above 8ball? or do you think that the rate will hit immediately, as soon as the budget is published and all cab positions finalized. it seems odd to me that the rate would hit forex that minute that the budget is published
8:02 AM [8ball] Well it depends some of them quote the budget in USD
8:02 AM [8ball] Some are in IQD
8:03 AM [Dinarling] and i am assuming that something about the budget is not finished since it is being said to look to see whether the budget is stated in billions or trillions
8:03 AM [8ball] Though they have been avoiding the budget like the plague so I am assuming that the RV is in the budget
8:04 AM [8ball] there are two or three issues out there
8:04 AM [8ball] 1) Kurds want 17%
8:04 AM [Dinarling] i am kinda confused about that since i thought that the budget was seen published in the gazette already, no?
8:04 AM [8ball] 2) they want to reduce the high position salaries
8:05 AM [8ball] 3) they don’t want the budget to go over a high limit
8:05 AM [SGTMMAURO521] I keep hearing that the budget needs to read still three times before anything solid can be thought for an RV.
8:05 AM [8ball] So anytime you change the value of the budget the Kurds get involved
8:06 AM [8ball] SGTMMAURO521 — that’s the Constitution
8:06 AM [8ball] that it has to be read 3 times
8:06 AM [8ball] remember that this thing has already been approved by the cabinet
8:07 AM [8ball] and read a few times in parliament
8:07 AM [8ball] which brings up these issues
8:07 AM [SGTMMAURO521] So how can we assume the RV’s right there when they haven’t even done the first reading.
8:07 AM [8ball] they have read the budget
8:08 AM [8ball] the first time the numbers didn’t add up
8:08 AM [8ball] so the Kurds went ballistic
8:08 AM [8ball] since they weren’t getting their 17%
8:08 AM [SGTMMAURO521] Yes so basically we can say that version of the budget is a wash correct.
8:09 AM [chloe] viewtopic.php?f=14&t=20357
8:09 AM [8ball] the budget will go through
8:09 AM [8ball] The VP’s went through last night
8:10 AM [8ball] Maliki will call a special meeting for the final minister positions
8:10 AM [chloe] Jordan’s King and Netanyahu are upset about Sadr’s Return and Comments
8:10 AM [8ball] Well Sadr will always upset someone
8:10 AM [8ball] he is a radical Sheiite
8:10 AM [8ball] Maliki will call a special meeting for the final minister positions
8:10 AM [chloe] Jordan’s King and Netanyahu are upset about Sadr’s Return and Comments
8:11 AM [SGTMMAURO521] Yea that I see and that parts great, but I don’t know what it is, but there seems to be something not right on the budget. Something illusive.
8:11 AM [chloe] actually i don’t believe he has all that much influence except in the poor sections of Baghdad. the media plays him up because that is what they do.
8:11 AM [8ball] SGTMMAURO521 — that’s what we are assuming
8:11 AM [8ball] but first it has to add up ….properly
8:12 AM [8ball] that’s why they canceled the first reading
8:12 AM [8ball] since it wasn’t adjusted to the Erbil agreement
8:12 AM [chloe] i believe the first budget by jabr was a sham and doing budgets takes time pure and simple
8:12 AM [chloe] the process which typically happens is getting a lot of media attention which makes it look odd perhaps
8:13 AM [SGTMMAURO521] So my point if its not adding up yet how can we assume an RV yet, think whatever their doing with the budget needs to taken care of.
8:13 AM [8ball] When Jabr found out he wasn’t going to be the minister of finance he through a wrench in the first readings
8:13 AM [chloe] well jabr wasn’t much of a finance minister period. so i can assume his budget wasn’t too good also.
8:14 AM [8ball] SGTMMAURO521 — the direct pressure on the RV is the release of the CBI books which will show what Shabibi has been doing through 2010
8:14 AM [chloe] i think that they could rv knowing the rate and it would show up in the budget afterward.
8:14 AM [8ball] And also the result of what he has been doing is removing big bills
8:14 AM [chloe] i think that they could rv knowing the rate and it would show up in the budget afterward.
8:14 AM [8ball] And also the result of what he has been doing is removing big bills
8:15 AM [8ball] So the people of Iraq are pissed since they have to bring a wheel barrel of money to go shopping
8:15 AM [chloe] the pressure on the poor with the cards is important too.
8:15 AM [8ball] they want the RV
8:16 AM [SGTMMAURO521] But how can they when the numbers aren’t final yet. The RV is in the budget so any adjustments would affect it would it not?
8:16 AM [chloe] not to mention the g20
8:16 AM [8ball] SGTMMAURO521 — thats why its in paraliemnt
8:16 AM [chloe] sgt my personal view is that they already know the rv rate
8:16 AM [8ball] the reason why its delayed is probably Shabibi isn’t finished yet
8:16 AM [8ball] with the CBI hoover vacuum on the big bills
8:17 AM [chloe] well there is only so much he can do before the sharks in the hedge funds start doing some serious damage
8:17 AM [8ball] chloe — they knew that a year ago …I would think
8:18 AM [8ball] before Shabibi started the process
8:18 AM [chloe] i thought so also but then again there seems to be late comers from my reading.
8:18 AM [8ball] SGTMMAURO521 — remember CBI just had a treasury auction
8:19 AM [privatepilot] 8ball wonder if they authorized payment to De la rue for the new bills being printed or do they have to have the budget?
8:19 AM [8ball] Not sure how CBI buys money
8:20 AM [8ball] I know what they do when they get it
8:20 AM [privatepilot] 8ball Interesting how that was seen as a holdup for the RV, now nothing being said about that 2 weeks later
8:20 AM [8ball] they would just use their reserve I would think
8:20 AM [8ball] within the CBI
8:21 AM [chloe] privatepilot i noted that wanker who is now with frank stated that delarue was not the one printing the bills right now due to an issue with paper. two others were and that the imf would guarantee payment in any event.
8:21 AM [8ball] the CBI doesn’t report to anyone
8:21 AM [SGTMMAURO521] I guess I’m be too Western in my thinking, I believe that all the budget stips should be finalized before a monumental event such as their RV can even be considered, not based off of estimation present and future revenue.
8:21 AM [privatepilot] chloe ty
8:21 AM [chloe] yw
8:22 AM [8ball] SGTMMAURO521 — same here …. I believe its in there because they are avoiding it
8:23 AM [chloe] so it hasn’t been revealed by accident?
8:23 AM [8ball] But there may be other logistics involved
8:23 AM [SGTMMAURO521] I’m their budget in one since is based off oil at 73 a barrel, ah hello its 91 today.
8:23 AM [8ball] like absorbing the dinars off the street
8:24 AM [8ball] SGTMMAURO521 — they should have a surplus
8:24 AM [chloe] agree 8ball
8:25 AM [SGTMMAURO521] I know the higher the price the better for us but angain, shows me their numbers are not right.
8:25 AM [8ball] Maliki has stated that the budget will be completed before he assigns the ministers positions
8:25 AM [chloe] and if they are voting Tuesday for ministers?
8:25 AM [chloe] then maybe these budget articles are smoke and mirrors?
8:25 AM [8ball] Maliki said he was calling a special session
8:26 AM [8ball] to assign the final ministers position
8:26 AM [chloe] so Tuesday what positions are they voting in?
8:26 AM [8ball] I believe that the RV ….IMO …..is the government formation……
8:26 AM [privatepilot] 8ball It is so confusing. Ok, for the record -”I am not rich yet.” Is that the way you see it.
8:27 AM [8ball] The budget will reflect what ever the rate is
8:27 AM [chloe] budget first and government formation (quickly) followed by rv
8:27 AM [SGTMMAURO521] When do you suspect we’ll see something in the Gazette?
8:27 AM [8ball] And they don’t want to implement the budget and make it a law since it will seal the rate
8:28 AM [8ball] SGTMMAURO521 — budget will be written in the Gazzette
8:28 AM [8ball] it is considered law then
8:28 AM [chloe] so they have to complete the government right after the budget. they can’t drag it out.
8:29 AM [SGTMMAURO521] Well until we see that, I guess we wait.
8:29 AM [8ball] chloe — I think it will be in tandem
8:30 AM [SGTMMAURO521] chloe sometimes it looks like they do whatever the heck they want.
8:30 AM [8ball] SGTMMAURO521 — they are doing a dance for someone
8:31 AM [SGTMMAURO521] Put me back over there with my Barrett 50 cal and I’ll make someone dance.
8:31 AM [8ball] remember also that paraliment must vote to lift the UNSC sanctions
8:32 AM [8ball] SGTMMAURO521 — may be a 50cal
8:32 AM [SGTMMAURO521] Can’t see them voting no to that one, that’s a no brainer.
8:32 AM [8ball] SGTMMAURO521 — I think that one unleashes what we want
8:33 AM [8ball] unleashes
8:33 AM [chloe] iraqi politicians are on a time line it is hard for westerners to understand
8:33 AM [chloe] we think in straight lines and i don’t believe they do.
8:33 AM [SGTMMAURO521] Who’s time lines ours or theirs
8:34 AM [chloe] well sgt we have deadlines for budgets etc. if we don’t meet them we are upset. iraqis not so much! just another day in iraq
8:34 AM [SGTMMAURO521] Ya think.
8:35 AM [8ball] they will have to reconcile the UNSC sanctions lifting
8:35 AM [8ball] By siting the parliament
8:35 AM [8ball] in power
8:35 AM [8ball] with all ministers in position
8:35 AM [8ball] in power
8:35 AM [chloe] is that when they will vote for the sanctions?
8:35 AM [8ball] Then vote to lift the sanctions
8:36 AM [8ball] Since the Government of Iraq will be completely formed
8:36 AM [chloe] and then rv
8:36 AM [8ball] Which would be a prerequisite to the lifting of the sanctions
8:38 AM [8ball] So its exciting to see the progress
8:38 AM [chloe] 8ball thanks for keeping us on target and understanding the process there
8:38 AM [8ball] they approved the three VP’s last night
8:38 AM [chloe] i woke up this morning looking at articles and wondering just where we stood.
8:38 AM [8ball] so we didn’t get what we wanted
8:39 AM [8ball] but we are closer
8:39 AM [chloe] that really wasn’t a great surprise
8:39 AM [chloe] this is iraq after all
8:39 AM [chloe] do you think the iraqi list will get security?
8:39 AM [8ball] thats right …..Iraq will be the definition of a slow speed…….
8:40 AM [8ball] chloe — I see that in one of the articles
8:40 AM [8ball] that he has asked
8:40 AM [8ball] its really what ever Maliki and Allawi agree to
8:40 AM [chloe] well the articles indicate that alalwi and maliki seem to be cordial and in overall agreement
8:41 AM [chloe] but there is a tug of war underneath where both sides want it. ooops kurds too
8:41 AM [8ball] And with the coalition government everything they have to do they have to put past several people
8:41 AM [8ball] not like a majority government which goes into power and does what it wants
8:42 AM [chloe] are homeland security and the security ministry one and the same?
8:42 AM [8ball] chloe — interior minister and minister of defense
8:42 AM [8ball] and also intelligence
8:43 AM [chloe] ok and all the rest is under that thanks
8:43 AM [8ball] yes I worry about Sadr getting a minister position
8:44 AM [chloe] maybe that is why he came back now
8:44 AM [8ball] probably
8:44 AM [chloe] i don’t think he will be in interior or defense though i read he would like that.
8:45 AM [8ball] oh yeah
8:45 AM [8ball] fox in the hen house
8:45 AM [chloe] kuwait and unsc would not release the rest if they did that jmo
8:45 AM [8ball] Hillary
8:46 AM [chloe] jordan and israel have voiced concern. and the saudis can’t be happy.
8:46 AM [8ball] Hillary
8:46 AM [chloe] is that one of the reasons hillary is in the middle east?
8:46 AM [8ball] she’ll be busy
8:47 AM [chloe] yes and better than biden thank goodness
8:47 AM [Dinarling] -United Arab Emirates, Oman, and Qatar, January 8-13, 2011
8:47 AM [8ball] yes strengthening the Iranian sanctions also
8:48 AM [chloe] i have always had the suspicion that hillary has been in iraq and it wasn’t put in the papers
8:49 AM [chloe] 8ball do you believe that potus will want to increase iranian sanctions?
8:49 AM [8ball] they will
8:52 AM [chloe] 8ball would you do us a big favor and state again the process this will take this week. i think many would appreicate it. i know i would. thanks very much
8:53 AM [chloe] i asked 8ball to restate the timeline this week.
8:53 AM [chloe] he knows all the small pieces and possible snags better than anyone
8:56 AM [chloe] mk i think the chat is over. we’ll catch 8ball had half time maybe
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