BGG: Ok - Thanks everyone for tuning in...
BGG: thanks to our FANTASTIC News Researchers who are TIRELESS in their efforts to dig up Dinar News.
BGG: Are they not awesome??
BGG: they all do such a great job.
BGG: I spoke with Millionday. Sounds like she'll be back Monday or Tuesday.
BGG: There was actually a good bit of News today..
BGG: This is probably the bombshell - I should have led up to this
BGG: what it means is - Abadi is re-working the GOI and the Parliament is calling for the reformation and a "market economy".
BGG: we have been hearing this for some time now - here it is... in print.
cjquade54: would that be the whole parliament bloc or a group of them?
BGG cjquade54: I care little... they are talking about it publically.
BGG cjquade54: if Parliament is "calling for it"... it is coming...
BGG cjquade54: they don't "call for" something that isn't already on the way...
BGG: on a side note...
BGG: DO NOT SEND MONEY OUT TO ANYONE (here or anywhere else)!! THEY MAY SAY THEY ARE IN NEED OR...
BGG: THEY CAN DO SOMETHING FOR YOU (SKRs ??) THERE MAY BE SOME OTHER STORY..YOU MAY THINK YOU CAN TRUST THEM DO NOT!
BGG: CONS AND SCAMMERS ARE OUT THERE YES, EVEN HERE (OR ANY CHAT SITE, for that matter it is the INTERNET) .
BGG: DU - YOU HAVE HUGE HEARTS SOME WILL FALL FOR IT . Please dont.
BGG: If anyone hits you up for money (anywhere) - I WANT TO KNOW ABOUT IT. Send me an e-mail to DinarUpdates@comcast.net
BGG: sorry... had to do that...
cowboywads: bgg lot of people need to hear it
BGG cowboywads: over and over...
BGG: Hey Loop - what's the big news of the day??
Loop: cjquade54 brought this into the chat.
The completion of 90% of the stages of the restructuring of the Rafidain and Rasheed
Author: AB, ASJ
Long-Presse / Baghdad
It revealed that the Ministry of Finance, on Saturday, announced the completion of 90% of the stages of structuring bank Rafidain and Rasheed, and confirmed the restructuring project to proceed through a global mechanism to support Iraq's financial situation.
BGG: That was one thing MD and I were just talking about - these private banks being fully restructured...
Loop: This article indicates that the restructuring of the Rafidan and Rasheed has been in the works for years.
BGG: Good news...
BGG Loop: weird it's JUST NOW getting done...
Loop: More proof that the GoI means business about reforming the financial system.
BGG Loop: AGREED.
BGG Loop: Getting to that part...
BGG: Gimme' a sec gang - I need to look up a news feed... it will be a minute... (but worth it)...
BGG: this is one of the articles I was getting to... (courtesy of subgirl)...
Mrs BGG: This is from subgirl MOD.subgirlcopy Abadi asked parliament to give him a mandate to change the ministerial cabin completelyAbadi asked parliament to give him a mandate to change the ministerial cabin completely
Prime Minister Haider al-Abadi called on the House to change the mandate in full ministerial cabin and the formation of another ministry in accordance with the professional competence as called for by hosted in the parliament and political blocs session to waive electoral maturity for the supreme interest of the country away from quotas.
BGG: Parliamentary Integrity: We will continue the investigation with officials accused of corruption in coordination with the Commission
BGG: Counting head of the Iraqi Islamic Supreme Council Ammar al-Hakim, the forthcoming cabinet reshuffle as "not all reform," declaring "support for the initiative, Moqtada al-Sadr, leader in making this change." (this one came DIRECTLY FROM THE FEED...)
BGG: What this means... Hakim (whose name is on the "naughty list") is supporting Sadr in his effort with Abadi to reform the GOI...
BGG: ask yourself WHY THEY HAVE TO DO THIS RIGHT NOW??
cjquade54: they are on a tight timeframe
BGG: Good comment... but - THEY HAVE TOO MANY CROOKs in the GOI... why do they have to bounce them??
BGG: THEY HAVE BEEN HOLDING UP EVERYTHING...
daytrader: Fastest way to clear out the scum and eliminate their immunity.
BGG: getting rich in the process.
Loop: There's this article from this morning regarding the Minister's who have not disclosed their finances.
Loop: Foreign Minister Ibrahim al-Jaafari and Health Minister Adila Hammoud, Minister of Water Resources after Mohsen al-Shammari and Finance Minister Hoshyar Zebari, Minister of Industry Mohammed Darraji, Minister Hussain al-Shahristani Education and defense Minister Khaled al-Obeidi. "
BGG: it's a who's who...
cjquade54: all top ministries
Loop: Abadi is going the clean house!
Mrs BGG Loop: BGG said Amen.
BGG: Jubouri, Allawi discuss political and security developments and reforms file (title only)
BGG: Allawi is beggin for mercy... (from Jubouri - weird huh??)
BGG: he can never get it right... who he has to talk to - but Abadi has given Najafi, Allawi and Maliki a real ultimatum - GET OUT!!
Loop: Allawi knows his number is up. That is why he was so vocal this week. Wanting elections or Abadi to resign.
BGG Loop: Yup...
BGG: From Abadi...
BGG: Urgent Abadi: financial crisis needs to reshuffle
BGG: This is a short clip from his visit to Parliament today. He is rallying MUCH SUPPORT for his reforms and for fiscal reforms - obviously ahead of a MAJOR crisis... he's also getting those not concerned with Iraq's welfare OUT.
BGG: OK - I promised a short News Time... here's my synopsis
BGG: Financial reform,
BGG: GOI reform,
BGG: and economic (the economy) reform all on deck for IMMEDIATE implementation.
BGG: Financial (being the only 2 private banks)...
BGG: Abadi going to strip the GOI and start over... AND He's getting ALOT of support.
BGG: It would appear there have been some major crooks holding things up and they are being removed UNANIMOUSLY.
BGG: like - RIGHT NOW.
BGG: lots of movement on the GOI front right now... BIG MOVES.
BGG: everyone appears to be on board.
BGG: and this - folks - is good news.
jonhenry: wouldn't this add months to the RV timeline being that they have to do all this, seems like alot of work to restructure a Gov entity
Loop: immense pressure from Sadr and Hakim to not get in the way or else.
BGG jonhenry: No - not IMHO... they will have this (and a new Gov of the CBI) done very quickly...
eman4u55: same how long will lt take IYO to strip the GOI and start over..
BGG Loop: what's funny - Hakim is on the "naughty list" - but he's about to go along with this... wasn't easy - but he's on board.
BGG eman4u55: Not long.
BGG eman4u55: 2 weeks or less...
Loop BGG: I thinks deals are being made so that they can take out the major crooks.
jarhead but.............how come such a short time span with yrs of waiting on their part getting it together sir
BGG jarhead: that answer is simple - financially...
BGG jarhead: fiscally...
BGG jarhead: THEY HAVE TO - BIG money troubles.
BGG jarhead: if they wait - they DIE.
BGG jarhead: Good for us..
BGG jarhead: their own economists have outlined only 2 possible avenues of "bridge" - 1) tariffs 2) raise the value of the Dinar.
BGG jarhead: looks like Abadi realized he had to get rid of a bunch of turds before he could raise the value... (the only real solution to his problem).
horsegal: did a body get permission from Parliament to change the DOI?
BGG horsegal: yes, I believe he got broad based support for this initiative.
BGG horsegal: this will happen quickly.