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Restored Republic via a GCR as of Dec. 15, 2017

Restored Republic via a GCR Update as of Dec. 15 2017 Compiled 12:01 am EDT 15 Dec. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Friday, August 4, 2017

"Something we're Waiting for" - Fri. PM KTFA Thoughts/News

KTFA

Doc.K » August 4th, 2017


President Trump is on vacation until August 21st.

Iraq is supposed to have their budget revision done by August 21st

August 21st HEBREW CALENDAR Rosh Chodesh Elul begins at sundown on Mon, 21 August 2017starts the month of elul.

Aug 23 Iraq starts pilgrimage to MECCA . MAYBE THEY WILL NEED EXTRA $PENDING MONEY $

Dhu'l-Hijjah or alternatively Zulhijja(Arabic: ذو الحجة‎‎; properlytransliterated, also called Zil-Hajj) is the twelfth and final month in the Islamic calendar. It is a very sacred month in the Islamic calendar, one in which theHajj (pilgrimage) takes place as well as the Festival of the Sacrifice

Aggiedad77 » August 4th, 2017

You know....just talking out loud.....sort of.....I don't know President Trump personally......but I know a number of other business types who are a lot like him.....they may say they are on "vacation" but I know they were never too far from work even then.....I know Trump's work ethics....and to him vacation is just not in the vocabulary......he may look relaxed....but he will in the "know" of what is happening all around him and the world....IMO. Aloha Randy

DLR » August 4th, 2017

"Humor is a funny thing. Even funnier are the humor impaired.

MoneyDr » August 4th, 2017

Interesting. Hmmmmm. Isn't this something we were waiting for?

Alan Greenspan, aka Roota, aka the Inventor of the Electronic Asset, has just stated (on a Friday Afternoon) that the monetary system is about to be blown apart with a Bond collapse!!

Greenspan: Bond bubble about to break because of 'abnormally low' interest rates

https://finance.yahoo.com/news/greenspan-bond-bubble-break-because-20711596.html

So much for past Fed Chairmen not commenting on potential problems!

If you are confused about my comments on Greenspan read this:

Greenspan's Golden Secret by Bix Weir

http://www.roadtoroota.com/public/101.cfm?awt_l=6HWIc&awt_m=3a8zpHOaKLAZ85B

It's all hands on deck for the DESTRUCTION of the Old System and the start of something NEW!!

May the Road you choose be the Right Road.

Bix Weir
http://www.RoadtoRoota.com

WN3 » August 4th, 2017

Those colored "comic" books really exist. Not absolutely positive about Bix's interpretation of them. However, I am pretty darn sure Alan G is correct in his summation. IMO. If you follow financials as least as closely as dinarland, there is a lot there to chew on.

Don961 » August 4th, 2017

Efforts to increase citizen confidence .. Central Bank announces a plan to increase the number of foreign banks in Iraq


o Baghdad / Fadia al-Jawari

Al-Alak said in a press interview that "the number of foreign banks, including Arab, has increased during the past two years, to currently reach 18 banks, and the number of foreign banks, After the number did not exceed 11 banks, "stressing that" these steps were conducted in coordination with the World Bank and most of these banks is solid and has branches in most of the world. "

He added that "branches of foreign banks can not be required to new rules, since the bank has one capital for the branch or the original, which applies to our banks in Iraq and neighboring countries, and falls under the policy of reciprocity with the countries of the world, International law ".

He pointed out that some Arab and foreign banks have an "international classification", pointing out that "our assessment of banks is a calendar in terms of compliance and combating money laundering for the purpose of buying the dollar, which is limited in the window selling the dollar."

And on the new Islamic banks that were established with a capital of 100 billion dinars, he pointed out that "part of these banks completed 250 billion dinars in the increase of capital before the end of three years, and began to scrutinize the same as all private banks, to ensure that the capital in the central bank As collateral for deposits of customers with them, and even the subject of classification, we granted foreign advanced ratings unlike local. "

It is noteworthy that Iraq has 140 banking and financial institutions, including 6 government and 24 civil and 16 Islamic, in addition to the presence of 63 financial companies and conversion companies and financial investment companies 60 percent, Arab and foreign. The Iraqi banking system is currently composed of 54 banks, of which 7 government banks, one of which is a newly established Islamic.There are 23 private commercial banks, of which 9 are Islamic banks. There are also 15 branches of foreign banks.

In addition, there are many institutions that conduct financial business, including 34 financial transfer companies, and about 200 exchange companies belonging to banks or deal with them. In addition to a loan guarantee company and a company to finance small and medium enterprises. About 800 private and public banks operate in all governorates of Iraq.

The member of the administrative board of the Association of Iraqi banks, private Abdul Aziz al-Hassoun, the reach of the capital of private banks, and the expansion of its network in Iraq.

"The sum of the capital of Iraqi private banks has increased from 30 million dollars in 2004 to one billion and 600 million dollars currently, except for the branches of Arab and foreign banks operating in Iraq. The number of private banks operating in Iraq, Iraq rose from 17 banks in 2004 to 31 banks.

While the number of branches of private banks in Baghdad and other provinces from 100 branches to more than 600 branches, to compete in the number and level of services branches of the Rafidain Bank and the government.

"Private banks have preceded government banks in the level of services and the use of modern technologies." Al-Hassoun pointed out that this progress has been achieved "through the pursuit of information technology and modern banking programs, and private banks have linked their branches to public administrations, through modern communications devices to increase the speed of banking transactions on the one hand and to increase control on the other."

Al-Zahar pointed out that "the Iraqi banks that practice Islamic banking have recently undergone some development. The number of Islamic banks increased from one bank in 1993 to eight Islamic banks, with a special law soon to be issued. On the size of bank deposits in the country, Undersecretary of Finance Fadhel Nabi told (the extent) that the volume of bank deposits in Iraq amounted to about 71 trillion dinars. It shows that "51 trillion dinars of the size of these deposits are government, that is funds belonging to the state, and about 20 trillion dinars are any civil deposits of the citizen."

"Ninety percent of bank deposits are in government banks and the rest are in private banks," Nabi said. The prophet justified the lack of deposits in private banks to "the loss of confidence of the government and citizens of those banks, because of the crises experienced by some of them bankruptcy, embezzlement and others." Nabi confirms that there is a proposal submitted by the Ministry and a number of specialists and experts to the State Shura Council since 2009, which stipulates the need to establish a national contribution company to insure deposits in private banks.

And stresses the importance of moving this proposal so that citizens and government institutions the motivation to put their deposits in these banks.

http://almadapaper.net/ar/news.....34070/link

Don961 » August 4th, 2017

How to turn Iraq's economy into an economic giant?


05/8/2017 12:00 am

I returned to his strange story

Sabah / Agencies

After Deng Hsiao Ying, the spiritual father of China's modern Renaissance, asked the Central Committee of the Communist Party of China (CPC) to agree to contract with a world administrative and economic development expert to promote China's deteriorating economic reality but his request was rejected seven times but he did not despair, His request until he was able at the eighth time to convince them of his idea and the Committee agreed to his request ..

Deng Hsiao Ying personally addressed the Dean of the School of Management, Economics and Politics at the University of Oxford, the world's first in this discipline, and informed them of China's desire to hire a professor specializing in economic and administrative development to work with the Chinese government as a senior advisor.

Oxford University initially rejected his request, but later accepted it after giving her a new offer to pay college tuition for the past year. His first offer was five times his current salary, with additional privileges such as free travel three times a year and a 60-day vacation Per year paid).

The university announced the job by announcing that it had placed it in the university's bulletin board. One of them was the strategic expert, the Iraqi Professor Elias Corcis, a professor at Oxford University. He accepted the offer and went to China. Deng Hsiao-ying ordered the Chinese government ministers to carry out what the expert asked them to do. Progressive to market economy, opening the door to foreign investment, especially in the field of industry, the expert has identified four key points of his project with the Government of China:

First: To work for a national government with all its characteristics.

Second: narrowing the economic gap between East and West China by exchanging available expertise.

Third: To reduce inflation in the currency.

Fourth: the training of ministers on management and leadership and learning English before him and the transfer of ministers this experience to the staff of their ministries ..

After three years of starting its work and developing a strategic plan for each ministry, its reforming experience of China's economy has come to light. After five years of work, China was able to crystallize the concept of a socialist market economy and modernize a practical and theoretical settlement between maintaining the state's intrusive role in the economy and creating spaces or Liberal economic spaces. On the other hand, Korakis worked to connect the Chinese economy to the global economy.

This modern experience allowed China to integrate without suffering earthquakes, which usually follow the transition from a closed economy to a globalizing one.

The Iraqi expert Elias Korkis began the reform in rural areas to launch the system of productive families, and then continued its reform work in the country, and the reform of the industrial sector, which China continued its economic openness and helped China to join the World Trade Organization.

This remarkable and dramatic transformation from this fragile economy to the world's first despite the fact that China was one of the major world powers that was formed with the Soviet Union and the Warshaw alliance is an objective equation in the world where the capitalist camp led by the United States and the West.

This is the strange thing, but our research will widen our astonishment, but it will be a mystery to us if we know that it was behind this economic boom and the growth of the State of China that it was an exciting Iraqi mind that could lay the foundation for a unique industrial renaissance.

Thus, the great Iraqi expert was able to turn China into a large economic giant after it was a very poor and weak popular state until 1977. The main industrial products in the country were "spinning, weaving, raw coal, grain and cotton." But today, China has become a giant industrial country, France, Germany, Italy and other countries in the field of industry and economy. According to Oxford University study, China's economic development is now the world's first and has become the founder of the strategy of China's economic development boom project.

http://www.alsabaah.iq/Article.....?ID=141962

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