Newstime with Rcookie & Mr. White 6/8/26
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Thread: Newstime with Rcookie & Mr. White 6/8/26


    
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    Newstime with Rcookie & Mr. White 6/8/26

    WELCOME TO NEWSTIME WITH RCOOKIE


    rcookie: OK....THE NEWS SINCE MONDAY IS SMOKIN!!!!!

    HUTCH: I LIKE THE SOUND OF THAT !


    rcookie: YESTERDAY AND TODAY ESPECIALLY.......

    rcookie: SO THE 1ST 2 ARTICLES ARE WITH THE EU WORKING WITH IRAQ TOWARD WTO ACCESSION!!!!.....

    rcookie: And despite the fact that the WTO is still the modern multilateral trading system, which was originally set up under GATT he has reached fifty years old, and celebrate the golden jubilee of the system in Geneva on May 19, 1998 in the presence of many heads of state and government leaders.LINK

    rcookie: IRAQ LOOKING WITH EU FOR ASSISTANCE TO JOIN WORLD TRADE ORGANIZATION MINISTRY OF COMMERCE HASHIM HATEM MET WITH EU COMMISSION REGARDING CUSTOMS ISSUES & TECHNICAL AREA INTELLECTUAL PROPERTY RIGHTS AS WELL AS INSTITUTIONS THAT WILL OVERSEE SUCH MATTERS AS TRADEMARKS AND CERTIFICATES THAT WILL COVER AND MADE ARRANGEMENTS FOR JAAFARI MEETING IN SEPTEMBER TO FOSTER ECONOMIC BILATERAL RELATIONS BETWEEN IRAQ & EU...

    rcookie: SO THE EU IS GOING TO WORK WITH THEM FOR FULL ACCESSION TO WTO.........WHAAAAAAAAT!!!

    HUTCH: THATS HUGE !!!!

    rcookie: DID EVERYONE PASS OUT...

    HUTCH: ANYONE ELSE LIKE THAT?

    WMWHIITE: Any idea why it is the EU stepping forward to assist and not someone else?


    rcookie: THEY ARE LOOKING FOR GUIDANCE CONCERNING INTELLECTUAL PROPERTY RIGHTS...AND AS WE WILL SEE LATER AN INSTITUTION THAT WILL OVERSEE THE TRADEMARK LIKE ACTIVITIES....

    rcookie: BRING IT MR WHITE!!..

    WMWHITE: Look at where most of the investment is coming from to date into Iraq........
    WMWHITE: the EU


    rcookie: AGREED...THEY ARE LINED UP AND CHOMPING AT THE BIT WAITING IN KURDISTAN.

    WMWHITE: The EU is biting at the bit ready to jump into Iraq.


    rcookie: LOL

    WMWHITE: the WTO is gravy on that Liver and Onions...........LOL


    rcookie: IF YOU DON'T BELIEVE US.....HERE CHECK FOR YOURSELF http://www.webuildiraq.org

    rcookie: IRAQ BRITISH BUSINESS COUNCIL......

    rcookie: AND ANOTHER REASON I THINK THIS ANNOUNCEMENT IS SPECIAL AND NOT AT ALL A COINCIDENCE....


    WMWHITE: Remember a couple of weeks ago the Ambassador from the UK called upon all British companies to get their butts into Iraq.....

    rcookie: YES SIR....GREAT POINT..

    HUTCH: YOU MEAN IT WASN'T FOR TEA AND CRUMPETS?

    rcookie: ANYONE REMEMBER WHAT IRAQ WAS DOING MAY 15-19.........

    WMWHITE: We (USA) appear to be the only country that has no idea of what great events are happening in Iraq. Were they in Class????

    HUTCH: WHAT WERE THEY DOING?

    rcookie: TELL HIM WHAT HES WON JOHNNY!!


    WMWHITE: crickets....crickets.....crickets......
    JIMPLANTS: international business fair
    DINARDAVE: UST.... Sounds like their out and about...

    DAYTRADER: WTO class
    WMWHITE: A brand new WTO hat...........
    TexasDinar254: Turning in report to IMF


    rcookie: HMMMMMMM...WHAT A COINKYDINK!!
    HUTCH: WHAT THE HECK IS THAT ?

    TexasDinar254: To be excepted to international standards?


    rcookie: SO AROUND 3 WEEKS AFTER THIS WORKSHOP THIS INITIATIVE IS PUBLIC..


    MYDINR: Any idea how long WTO take to complete?

    WMWHITE: The WTO process is a multi year process..........however, Iraq started it's process over 10 years ago........They are near the end of the process...........

    rcookie: THEY HAVE BEEN WORKING ON WTO SINCE 2004...

    MRJAZZMAN66: Is it true their currency has to have some kind of value for Iraq to gain acceptance to the w.t.o?

    WMWHITE: some kind of value is all relative.............


    rcookie: FEB 2004 THEY STARTED AND GRANTED OBSERVER STATUS....I WILL POST ENTIRE WTO TIMELINE AND STATUS...

    WMWHITE: it will be in Iraq's benefit to trade with the IQD at its true value........


    TEXASDINAR254: Has Iraq put in their letter of intent yet to inter the global market? They have till the 15 th to do.

    WMWHITE: I did not know that there was a letter of intent required to join the global market.
    WMWHITE: TexasDinar254.............who told you that???? LOL



    rcookie: THE LETTER OF INTENT COMES FROM THE IMF AND OUTLINES ECONOMIC & FINANCIAL POLICIES AND A MEMORANDUM OF UNDERSTANDING MOU SORT OF LIKE A CONTRACT BETWEEN IRAQ & IMF...AND SIGNED BY ZEBARI AND ALAK.....THEY HAVE BEEN WORKING WITH LOI'S SINCE 2011...

    rcookie: OK ONE OF THE OTHER HUGE STORIES WAS THIS......


    rcookie: STATE DEPOSIT INSURANCE COMPANYCentral bank: will set up a company to guarantee deposits with a capital of 100 billion dinarsHistory Tahrir:: 2016/6/7 21:10 • 213 times mqrw’h{Baghdad} Euphrates News Central Bank said on Tuesday that "the cabinet's approval of the draft prepared by the deposit guarantee system of the bank, will allow to establish a company to guarantee deposits with a capital of 100 billiondinars." The bank said in a statement received by the agency {Euphrates News} a copy of it today , "The Cabinet approved the draft guarantee deposits prepared by the bank system, under this system will be set up a company to guarantee deposits with a capital of 100 billion dinars, and includes the company 's private and government banks, and will put banks ratio specific deposits the company has a way to ensure pay depositors in case of bank default or being subjected toliquidation. " He pointed out that" this would stimulate citizens to deposit their money in banks rather than Aktnazha who misses invest this money and stimulate the economy opportunities as well as risks to keep in houses ..hat of money chunky outsidethe banking system of more than 30 trillion dinars. " the cabinet has agreed on Tuesday to issue a guarantee bank deposits system that Dqgah Council of State based on the provisions of item III of the Constitution and Article IV of the Iraqi Central Bank Law No. 56 of 2004.anthy


    rcookie: CABINET APPROVES ISSUANCE OF GUARANTEED BANK DEPOSIT SYSTEM UNDER ARTICLE III OF CONSTITUTION AND ARTICLE IV OF THE CENTRAL BANK LAW NO 56 (2004) AND ALSO DIRECTLY SATISFIES A BANKING SUPERVISION INITIATIVE IN 2016 IMF LOI

    WMWHITE: Was this a huge surprise to see this????

    TEXASDINAR254: on Iraqia TV...the IMF says they made a deal with Iraq...and they are going to receive a letter of intent to this commitment by the 15th of June.
    ty Rcookie

    WMWHITE: Was this Delta watching TV ????


    rcookie: NO SIR.....SOMETHING THEY HAVE BEEN WORKING TOWARD AND IN DIRE NEED OF IN ORDER TO ATTRACT AND RETAIN INT'L BUSINESS AND INVESTMENT...


    rcookie: AND THIS INT'L INVESTMENT IN BANKS...STOCKS.. REAL ESTATE..BUSINESS COULD NOT HAPPEN WITHOUT IT......

    rcookie: AND MOST IMPORTANTLY CITIZEN CONFIDENCE IN BANKING SECTOR...

    WMWHITE: Do you remember the IMF about the SDR Loan and that now the G7 is approaching Iraq TO secure financial agreements? More confidence in both Iraqi and foreign investors.


    rcookie: WHICH WILL IMPACT THEIR CREDIT RATING...IMPROVE THEIR EASE OF DOING BUSINESS SCORES WITH WB...AND INSTILL CONFIDENCE, AGREED...

    HUTCH: AND INSTILL CONFIDENCE ! THAT'S A BIGGIE!!!

    rcookie: NOW IT OUTLINES A LOTTA JUICY DATA IN THERE....

    rcookie: ABDUL MAHDI WHO IS LEADER OF SUPREME ISLAMIC COUNCIL STATES FORMATION OF BANK DEPOSIT GUARANTEE COMPANY IS POSITIVE STEP IN SOLIDIFYING THE BANKING SECTOR..OUTLINES BANKS WITH MINIMUM CAPITAL OF 100 BILLION DINARS...AND ALREADY APPROVED BY COM WILL ENSURE DEPOSITORS MONEY FROM RISK OF BANKRUPTCY, LIQUIDATION & DEFAULT..


    rcookie: HE EMPHASIZES & IDENTIFIES THE 34 TRILLION DINARS OUTSIDE THE BANKING SYSTEM WHICH OPERATE ON A “PARALLEL ECONOMY” BEING DIFFICULT TO CONTROL...HE CLERLY STATES THE IRAQI ECONOMY BEING A CASH DEPENDENT ECONOMY WHICH IS BACKWARD AND COUNTERPRODUCTIVE TOWARD CORRUPTION & MONEY LAUNDERING...



    rcookie: HE STATES IT IS HALF OF THE “M1 MONEY SUPPLY” (PAPER CURRENCY NOTES & COINS) OF 67 TRILLION...AND 24% OF “M2 MONEY SUPPLY” (M1 PLUS SHORT TERM DEPOSITS IN BANKS) OF 83 TRILLION ...AND THE DEEPENING OF LIQUIDITY CRISIS DUE TO LACK OF BANKING SYSTEM CONFIDENCE...THIS LEADS TO LACK OF CLARITY & FAIRNESS IN TAX SYSTEM AND WILLINGNESS OF STATE TO CONTROL ACCOUNTS & FUNDS FOR SECURITY & ECONOMIC REASONS..

    rcookie: ABDUL MAHDI POINTS OUT THAT THE RAMPANT CORRUPTION HAS LEAD TO “PARALLEL” “BLACK MARKET” “SHADOW” ECONOMIES IN ADVANCED ECONOMIES ALSO..HE STATED THIS COMPANY FOUNDATION SHOULD NOT ONLY BE PROTECT DEPOSITORS MONEY..BUT ALSO STIMULATE INTEREST...BUSINESS & INVESTMENTS...

    rcookie: HE STATES CONFIDENCE IN TEMPORARY & PERMANENT INCENTIVE MEASURES TO REACQUIRE BANK BUSINESS & CONFIDENCE BACKED BY GLOBAL STANDARD LEGAL GUARANTEES...ALONG WITH CAREFUL STUDY OF INTEREST RATE POLICIES THAT DRIVE THE MARKETS & INVESTMENTS TO REVIVE IRAQ'S ECONOMY...

    HUTCH: IS THIS EX OIL MINISTER MAHDI?


    rcookie: THERE IS NO WAY TO OVERSTATE HOW SIGNIFICANT THIS IS....

    JIMPLANTS: thats what i said chunky money
    HUTCH: WOW!!


    rcookie: YES SIR.....WHO HAS EXPERIENCE IN FINANCE COMMITTEE

    WMWHITE: IMF, Word Bank and US Treasury finger prints are all over this........

    rcookie: WOW ! THAT IS BIG NEWS, AND YES THEY DO MR. WHITE !

    rcookie: TOTALLY AGREE......AND ANYONE ELSE KNOW WHY THIS IS SO SIGNIFICANT...


    rcookie: MR WHITE...ANYONE...


    JIMPLANTS: open for business
    DAYTRADER: It's part of the MOU/LOI
    WMWHITE: those that are biting at the bit...........???


    rcookie: THAT TOOO JIM BUT ONE MORE HUGE SLICE OF RELEVANCE

    rcookie: WOW!!!!!.......NICE DAYTRADER!!.

    WMWHITE: come on folks..
    MAINEGRIL: it allows the investors to come forward and deposit with security


    rcookie: DOES THIS LOOK AND SOUND FAMILIAR....29. The CBI will continue to implement reform measures to enhance the stability of the banking sector in Iraq which includes inter alia:

    rcookie: Preparing a Deposit Insurance Scheme which stipulates the establishment of a corporation to be licensed by the CBI, of which banks will have the opportunity to take a share in the capital;

    WMWHITE: Which paragraph was it on?


    rcookie: Preparing a Deposit Insurance Scheme which stipulates the establishment of a corporation to be licensed by the CBI, of which banks will have the opportunity to take a share in the capital;

    MAINGIRL: paragraph 19

    rcookie: THAT IS FROM THE 2016 LETTER OF INTENT.....SO CROSS THAT ONE OFF THE CHECKLIST!!!...

    HUTCH; STRAIGHT FROM THE PLAYBOOK

    WMWHITE: Does this appear to be a very logical, well thought out process that has been constructed for Iraq by the rest of the global financial community???

    DAYTRADER: Paragraph 29


    rcookie: IT SURE DOES.....LIKE A SCRIPT....


    rcookie: EVERYONE IS SMILING TO HARD TO TYPE......

    DAYTRADER: Thought banks were required to have 250B and not 100

    HUTCH: IT IS INCREDIBLE NEWS !


    WMWHITE: What is the difference with this insurance and the bank requirements?

    rcookie: THEY ARE...HOWEVER SOME STILL DO NOT...THESE ARE MOST OF THE BANKS UNDER SUSPICION BY UST...NOW OUT OF THE CURRENCY AUCTION BUSINESS...300 BANKS...

    PACELLA: hi new too the chat room. when will this implemented too banks and is this like our fdic? thank you

    rcookie: THIS IS DEPOSITORS INSURANCE THAT COVERS CITIZENS DEPOSITS...THAT WILL RE INSTILL CONFIDENCE TO RE ENGAGE IN BANKING ..

    rcookie: HI PACELLA...YES VERY SIMILAR...AND INSURE COMMERCIALLY AGAINST BANKRUPTCY...LIQUIDATION AND DEFAULT....

    FIREFLY: Yes very similar to our FDIC

    ==============================
    rcookie: OK.....THIS IS FOR THE LONG TIMERS WHO FIND THEMSELVES SAYING SAME OLE IRAQ...SEEN THAT... HEARD THAT


    rcookie: SO BADRI CALLING FOR AN IRAQI BANKS "BLACKLIST" FOR THOSE INVOLVED WITH MANIPULATING IQD AND USD.....AND POINTS OUT IN INTERVIEW THE FACT THAT MANY OF THE 300 BANKS UNDER UST SUSPICION ARE DIRECTLY TIED TO POLITICAL PARTY LEADERS AND BEING INVESTIGATED BY INTEGRITY AND DESERVED TO BE ON BLACKLIST!!....AND ALSO THE IMPETUS BEHIND THE ABADI HOUSECLEANING OF 6 MAJOR BANKS YESTERDAY REPLACING WITH TECHNOCRATS AND CHARGING WITH PROCESSING AND ACTIVATING THE DEVELOPMENT LOAN FUNDS...ACTIVATE THE ECONOMY AND REPAIR CONSUMER BANKING CONFIDENCE...

    WMWHITE: Can you call this ......"right out of the US Treasury playbook?"

    rcookie: SO MOST OF THESE BANKS ARE TIED TO THESE POLITICIANS...

    FIREFLY: Question being .......
    WMWHITE: changing a culture.........?


    rcookie: NEW SHERIFF IN TOWN!!!!!....

    FIRELFY: Why has the UST set up camp in Iraq

    WMWHITE: Lighting a fire under a few butts......

    rcookie: TO GET IN THE FACE OF CBI BUSINESS!!!!!

    FIREFLY: HMMMM......CLOSE ENOUGH LOL


    rcookie: AND MAKE SURE THE BAGHDAD CBI IS SET UP AND OPERATING CORRECTLY BEFORE KURD OFFICE IS OPENED....

    FIREFLY: Good answer ! And where are those new machines located?


    WMWHITE: There appears to be very little being left to "chance" these days............

    rcookie: AGREED....ITS GO TIME....

    rcookie: DE LA RUE?..

    HUTCH: NO WAY ! THAT THIS COULD'VE HAPPENED 3 YRS AGO !

    rcookie: COMPLETELY AGREE....GREAT POINT HUTCH....

    WMWHITE: .....why now..............what is so important about now..........why not a year ago for all of this change????

    rcookie: TIMING.....AND ACTORS....

    HUTCH: JUST LIKE AN NFL TEAM, YOU HAVE TO HAVE ALL OF THE PLAYERS AND COACHING IN PLACE TO WIN A CHAMPIONSHIP !

    rcookie: AND REFS!!!!...

    MAINEGIRL: the kurds are finally onboard


    RCOOKIE: HI MAINE...YES THEY ARE...AND IN PROCESS OF GETTING THEIR FINANCIAL & ECONOMIS HOUSEIN ORDER ALSO...


    FIREFLY: And they all have to agree on the play being called

    HUTCH: LOL YES INDEED ! GREAT POINT !

    WMWHITE: ...........and a lot of influence and encouragement from some "heavy hitters" from around the globe...

    DAYTRADER: This is going to start getting into the “whales”

    FIREFLY: I told you guys a long time ago, they were never off board !!!!!!!!

    JJON: any sign of Maliki

    HUTCH: MILK CARTONS ! POST OFFICE


    rcookie: ALREADY HAS.....ABADI CLEANED HOUSE YESTERDAY...6 BANK EXECS...INCLUDING CBI GM....INTELLIGENCE CHIEF...IRAQ MEDIA NETWORK CHIEF.....

    rcookie: HE WAS HAVING VERBAL SPAT WITH SADR IN MEDIA TODAY....

    MAINEGIRL: so what is left now to do?

    HUTCH: NOT MUCH


    rcookie: GET PARLIAMENT BACK WORKING AND VOTING......GET THE CABINET RESHUFFLE DONE...GET 2016 BUDGET LAW REVISED SO THEY CAN GET PAID.....

    BUCK: do we know why the fed court moved back the ruling once again...???? it seems to be already known what the ruling will be?

    rcookie: YES WE DO....

    HUTCH: YOU REALLY HAVE A GOOD EXPLANATION ABOUT THIS RCOOKIE

    rcookie: THE EXPERT PANEL REPORT SHOWING THE VIDEOS AND CONFIRMATION OF SUPPORTING JABOURI POSITION WAS LEAKED...

    rcookie: THE PROTESTERS WANT EXPERT PANEL REPLACED OR OPPORTUNITY TO QUESTION THEM....IT IS A STALL AND OBSTRUCTION PLAY...

    BUCK: got ya thanks....

    HUTCH: IT SEEMS TO BE THEIR LAST MOVE


    rcookie: MANY OF THE PROTESTERS PARTY HAVE DROPPED IN LAST 2 DAYS...

    rcookie: EVERYONE GET THEIR IMF LOI/MEFP.TECH MOU CHECKLIST OUT....

    rcookie: DOES THAT LOOK AND SOUND FAMILIAR?????....

    rcookie: WE HAVE TEASED AND CALLED THIS THE MALIKI LAW...


    rcookie: E. Public Financial Management Reforms 27. In order to strengthen fiscal discipline, the government will implement the following measures: Implement the existing asset declaration procedures for high-level officialsim order to improve governance and enhance anti-corruption efforts; the Public Integrity Commission will continue to publish the names of those who fail to submit their annual declaration.

    rcookie: SO WHEN WE SAY ...ITS RIGHT OUT OF A PLAYBOOK......THAT IS ALMOST WORD FOR WORD.......CROSS THAT ONE OFF THE CHECKLIST.....

    wmwhite: Obvious to me that the US Treasury wrote the playbook.............

    rcookie: AGREED...EVERYTHING TRANSPARENT AND ACCOUNTED FOR....

    END OF NEWSTIME
    Last edited by Swan2013; 06-09-2016 at 09:38 PM.



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