Tuesday, April 5, 2011

Kaperoni Chat: Dinar Alert 4/4/11 9:30pm

[Kaperoni] OK, lets get this started.
[Kaperoni] I want to talk about the banking situation in iraq
[Kaperoni] how it effects the economy
[Kaperoni] and how the GOI will play into this
[Kaperoni] and finally, the WTO articles today and how they will tie into all this
[Kaperoni] it should be interesting
[Kaperoni] ok
[Kaperoni] i found an article a few days ago…
[Kaperoni] Assurances to create a partnership between the state and the market in joint ventures 2/04/2011 02/04/2011
[Kaperoni] This article lays out the plan
[Kaperoni] here are a few quotes from the article and i will ad comments as needed
[Kaperoni] “The next stage requires to work towards the creation of economic sectors able to diversify the revenues of the budget and try out the status of the economy profit-taking,
[Kaperoni] which accompany the reality in Iraq for several years, based budget today on oil revenues to cover the expenses of the joints State.”
[Kaperoni] They are saying here it is time to implement the budget
[Kaperoni] good news for us
[Kaperoni] and the rv
[Kaperoni] i will stop there..
[Kaperoni] cause i would be speculating
[Kaperoni] another comment
[Kaperoni] “and said raising the degree of banking services is important in the coming period, because the Iraqi economy needs to develop all facilities in the industrial, agricultural and service on a
[Kaperoni] different, and this is desperately needed to raise the degree of banking services provided to citizens, especially that the country needs to enter the foreign investment on a large scale and here
[Kaperoni] show the actual need to banking services fast and evolving in line with the reality of the case new.”
[Kaperoni] This repeats how desparate they are to activate this plan
[Kaperoni] IMO
[Kaperoni] “Saleh stressed the importance of the synchronization process of banking reform with the adoption of mechanisms for the advancement of new productive sectors
[Kaperoni] of industrial, agricultural, which requires redoubled efforts by government agencies and the private sector, to achieve the growth of productive benefit to the local economy,
[Kaperoni] pointing to the importance of standing when all legislation related legal work and production and using them to fit the current stage.”
[Kaperoni] This is good stuff..
[Kaperoni] “and said raising the degree of banking services is important in the coming period, because the Iraqi economy needs to develop all facilities in the industrial, agricultural and service on a
[Kaperoni] different, and this is desperately needed to raise the degree of banking services provided to citizens, especially that the country needs to enter the foreign investment on a large scale”
[Kaperoni] i was holding off on comments…cause it was about to tell you in the article…
[Kaperoni] and do you see what they said?
[Kaperoni] all of this is important cause…”the country needs to enter the foreign investment on a large scale”
[Kaperoni] Now, i am going to move into the WTO, to show you how that mixing in
[Kaperoni] Here is an article
[Kaperoni] Iraq meets the conditions of accession to WTO Posted 04/04/2011
[Kaperoni] Some quotes and my comments
[Kaperoni] “National Committee Member says Iraq’s accession to the WTO ãúíæý that Iraq will be measured on the development of productive sectors before joining the Organization,
[Kaperoni] Now, what does that mean…let me explain
[Kaperoni] The WTO has looked at the documents, and laws and other materials that Iraq has prepared
[Kaperoni] and said, you are good to enter or receive accession into the WTO
[Kaperoni] But
[Kaperoni] we feel your not ready as a country
[Kaperoni] your economy, banking an investment is not up to par yet
[Kaperoni] so…lets wait and once you do these things, we will let you in.
[Kaperoni] That is good news.
[Kaperoni] 1. it assures them
[Kaperoni] that they will get in
[Kaperoni] and they need the WTO
[Kaperoni] 2. It motivates them to do what we want them to do
[Kaperoni] here is another article..
[Kaperoni] An economic seminar in Baghdad to discuss the possibility of entering Iraq in the World Trade Organization Date: 04/04/2011 Day: Monday
[Kaperoni] “The WTO is interested in full commercial matters, therefore, join Iraq in the current phase requires activation of the task of economic laws, such as the customs tariff law, and
[Kaperoni] the Banking Act, and the law of oil and gas, and other important economic laws.”
[Kaperoni] Here is the Juice…
[Kaperoni] They spell it out for us
[Kaperoni] what Iraq needs to accomplish to get accession
[Kaperoni] banking
[Kaperoni] tariffs
[Kaperoni] HCL
[Kaperoni] and the RV is part of the banking
[Kaperoni] I know this, cause they could not impliment the tariffs without it…people are just too poor
[Kaperoni] more
[Kaperoni] “He pointed out that the private sector did not turn up to the economic maturity did not promote himself, and factory workers turning to additional unemployment,
[Kaperoni] which hinders Iraq to communicate with the general structure of trade in the world.”
[Kaperoni] Here the WTO is explaining why they did not give them accession
[Kaperoni] in other words, they are being motivated
[Kaperoni] or lets hope they are
[Kaperoni] Now, here is some GOI news….I will comment after i post the info
[Kaperoni] it will tie together
[Kaperoni] Parliament expects delayed resolution of the security ministries file 10 days A vote in the Iraqi Council of representatives 04.04.2011
[Kaperoni] Allawi: repudiation of agreements to try to prevent the country’s stability will not be allowed to continue stalling 04-04-2011
[Kaperoni] One article says 10 days
[Kaperoni] the other says no more stalling
[Kaperoni] some quotes
[Kaperoni] “Considered the leader of the Iraqi List, Iyad Allawi, on Monday, repudiation of the agreements included in the initiative the President of Iraq’s Kurdistan region Massoud Barzani,
[Kaperoni] to try to derail the country’s stability, and stressed that there would be no real partnership unless implementing these agreements, criticizing the inventory of all the powers,
[Kaperoni] however, Prime Minister Nuri al-Maliki and the non- subjecting the Council of Ministers of the internal system.”
[Kaperoni] Allawi is calling Maliki out
[Kaperoni] This is getting good if yiour keeping score
[Kaperoni] “Allawi said in an interview for “Alsumaria News”, “There is a clear circumvention of the initiative of the President of Kurdistan Region Masoud Barzani,” noting that “all
[Kaperoni] topics that have been agreed upon and the number nine did not receive anything in the way of implementation.”
[Kaperoni] Now, IMO I dont think these ministers matter anymore
[Kaperoni] in regard to the RV
[Kaperoni] Why?
[Kaperoni] Cause we saw about in the quotes how they are referring to the next stage
[Kaperoni] and the tone of the statements
[Kaperoni] that appear to imply that it is about to happen
[Kaperoni] ]more
[Kaperoni] After calling out Maliki
[Kaperoni] Allawi stands up today
[Kaperoni] Here it is
[Kaperoni] Allawi’s Iraqi Coalition discloses the names of candidates for the position of Secretary of Defense Baghdad, April 4 (Rn) –
[Kaperoni] “An Iraqi coalition led by Iyad Allawi on Monday the names of candidates for the office of the Ministry of Defense, after the withdrawal of Colonel Khaled al-Obeidi his candidacy yesterday.”
[Kaperoni] “He continued by saying that the Mullah, “the four candidates delivered their names to the National Alliance.”
[Kaperoni] This tells me that he has presented these choices and done his part
[Kaperoni] and it may have been something that was agreed that he would have to do prior to the rv, even though these have not been voted on
[Kaperoni] that is speculation…but again
[Kaperoni] i dont think it matter
[Kaperoni] matters
[Kaperoni] now
[Kaperoni] to finish
[Kaperoni] back to banking
[Kaperoni] Private banks in Iraq with a great dilemma because of the monopoly of banks, government financial transactions Date: Monday 04/04/2011 11:18
[Kaperoni] This article ties it all together
[Kaperoni] here is one quote
[Kaperoni] from the banks within iraq
[Kaperoni] that are ready to do business with the world
[Kaperoni] and the iraqi people…but there hands are tied
[Kaperoni] “The Hassoun that government banks stalled now under the draft restructuring can not now opening credits or export transactions with the exception of its role in the local market,”
[Kaperoni] They are saying…clearly they cannot do anything
[Kaperoni] except help customers within the country
[Kaperoni] done

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