Dinar Daily NEWS Blog – January 31st

Special for change .. Abadi of parliament: the international community will not help Iraq if the budget is not approved

Quoting the channel of change .. Abadi of parliament: the international community will not help Iraq if the budget is not approved

Altahreernews.com

BGG ~ Oh wow. We’ll this pretty much spells it out. However, keep in mind – this is likely Abadi talking TO his Parliament, urging them to adopt their budget.

When I initially started down this line of reasoning, I had no idea international sentiment was as tough as it appears to be. WOW!!

The UN, IMF and WB all appear to want to support Iraq in the worst way – but it also very much appears there are results that are yet required.

P.S. This might also explain this very direct, “hands on” push by Abadi to get the budget done.

We wait and watch.

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Q: I read somewhere where they are expecting somewhere around 100 in MPs to lose their job come elections because of corruption. Do you think the RV might happen after May because of this reason?

A: BGG ~

1) I highly doubt MP’s lose their jobs at election time DUE TO corruption. That’s not how it works over there (or here for that matter). They will lose their jobs once there is a real, sustained push back against corruption in the Iraqi judiciary. It is unlikely voters will simply vote them out – or that they won’t be allowed to run.

2) This community – the Dinar community, has a bad habit of connecting every trend, article or piece of news directly to monetary reform (an RV, in other words). It doesn’t have to be so. We should be a little more observant and a little slower to make that LEAP in assumption.

None of the items regularly discussed “have to be” dependent on one another. All can happen at any time, together, in parallel, before or after. Nothing has been published or alluded to that says “it has to happen this way or that…”.

If (and I am hopeful it won’t) this goes past the elections, it’s likely for a whole host of other reasons.

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 Al-Alusi: Donor countries will not pay one dirham to a corrupt government

Special Mawazine News – Parliamentarian Mithal al-Alusi said on Tuesday that donor countries would not pay one dirham to a government accused of corruption.

“The donor countries can not be assured of their support at the donor conference to be held in Kuwait next month,” Alusi told Mawazine News.

“Those countries will not give Iraq a single dirham, because the government and the conservatives are accused of corruption,” he said.

“The states have informed the Iraqi government and politicians (we will not give you money because you are not trustworthy),” Alusi said.

The government has earlier announced efforts to coordinate with the Kuwaiti government to invite more than 70 countries to the donors conference scheduled to be held in Kuwait in February.

Source

Paul Moseley – “BGG YOU HIT THE NAIL ON THE HEAD”!!

BGG ~ Another accurate portrayal in the news. That is all. Thank you though 🙂

I have been talking the last however long about what Abadi needs to do along the lines of a real fight against corruption and why. Then I came out and did a fairly long dissertation on the matter. Some people didn’t like what I had to say… I only call it the way I see it. 

Then this came out today…

…”Those countries will not give Iraq a single dirham, because the government and the conservatives are accused of corruption,” he said…

This might explain the less-than-luke-warm response Abadi got while at Davos.

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mike (Dinar Guru) –  Article:  “Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money”   Quote:  “Iraq hopes to get billions of dollars during the donors’ conference to be held next month to finance reconstruction after the war in charge against al-Daesh campaign, but many fear rampant corruption in the country, which would undermine the this appeal.”   …Iraq has already been through this, in 2003 billions of dollars were needed and instead of it going towards infrastructure, it went into the corrupt politicians pockets, which is the point of the article. Corruption will be the main deterrent to investment in Iraq, it’s not a level playing field and there’s no open market economy. In the end, it’s just my opinion, we’ll wait and see what happens after the conference.

BGG ~ This is EXACTLY the case I have been laying out. Abadi is on a roll – but he needs to keep rolling!!

Read more: http://www.dinarupdates.com/observer/
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G-Lin (Dinar Guru) –   Article:  “War: parliamentarians ‘ Union Act new authority to defend the House budget will cost burden”    Quote:  “Tariq Harb, jurist count Tuesday, approving House Parliamentarians Union law as creating new power system supervision and its mission to defend the rights of Parliament, while noting that the law governing Council members through subsequent parliamentary sessions, assured it would cost almoazanh New burdens.”   This looks like that protection law for the evil doers. I think it may give them permanent immunity. However, this may not effect ICC. Not sure. I wouldn’t think there would be any protection from International Courts. BTW Tariq Harb is Maliki’s personal legal council. 

Read more: http://www.dinarupdates.com/observer/
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Al-Abbadi returned disappointed with Davos after hearing harsh words

LONDON (Reuters) – Prime Minister Haider al-Abadi has returned disappointed after hearing harsh words from donors and presumed investors when he offered to help Iraq, the London-based Arabic newspaper Al-Arab reported on Monday.

The newspaper said today that Abadi faces a great challenge in persuading foreign donors and investors to work in Iraq in light of the spread of corruption and lack of political and economic guarantees.

Abadi seeks to provide international funding in two directions, the first in the form of grants and international grants, and is directed towards the reconstruction of basic infrastructure in the liberated areas, and the second in the form of investment opportunities, to establish residential, commercial and recreational projects.

The newspaper said that ‘leaks from the hall of the Davos conference, held in Switzerland recently, indicated that Abadi’ heard harsh words, from donors and investors presumed, when he offered them assistance to Iraq ‘.

She added that donors are afraid to waste their money in the reconstruction and investment assumed, in a country competing at the top of the list of failed states, because of the spread of corruption.

State institutions suffer from a severe bureaucracy, and administrative transactions can only be accomplished by paying bribes to corrupt officials who control the decision.

Many of the special grade employees in the Iraqi government belong to political parties, with whom they share the commissions they provide.

Despite many legislative reforms introduced by Iraq on investment laws, the legal environment appears hostile to foreign investment, observers say.

They say that many legal contracts are still being put in the way of foreign investors contemplating coming to Iraq, with the aim of forcing them to pay commissions to facilitate their contracts. Sometimes commissions are about half of the expected profits. According to the newspaper.

“It has become widely known that Baghdad’s reputation does not encourage investors to venture with their money in a country that is still classified as the most dangerous country in the world. And there are those who firmly believe that the donations will not go for the reconstruction of cities destroyed by the war on the Dahesh, in light of the dominance of armed parties and organizations on the street and a large part of the joints of the state.

She explained that in the absence of confidence in the Iraqi government, the figures put forward by that government seems a kind of imagination that will not strengthen the global investment market to turn it into reality. The convening of the donor conference in Kuwait may seem a bad message to some Kuwaitis who still insist on not canceling the remaining compensation. Which will be an additional obstacle to dealing with investors and donors with Iraqi demands.

Economic and financial experts do not expect the conference to produce miraculous results and miracles in light of the inability of the Iraqi government to provide realistic guarantees to those seeking to help Iraq, making hopes on the conference closer to dreams.

Abadi is betting on persuading the international community to provide a fair portion of the funds Iraq needs. But first he needs to gain his trust. International donors are expected to meet on February 12-14 in Kuwait to discuss opportunities to help Iraq.

Baghdad is counting on this conference to launch a massive reconstruction campaign in the country, drawing on a series of pledges and actions it will take to convince donors to provide their money.

Ebadi’s Baghdad office seems confident of its ability to convince donors at the Kuwait conference, but diplomatic sources say the Iraqi government does not have enough arguments to gain the confidence of foreign capitalists. In devastated provinces such as Nineveh and Anbar, the work of foreign companies appears to be a source of political competition amid the chaos that prevailed there after the liberation. The newspaper reported.

Mosul, Nineveh, and Ramadi, the center of Anbar, have suffered extensive damage to the infrastructure and homes of residents, turning into two large fronts during the war against an oppressive organization. Political unrest prevails, and their administration is competing for power, most of whom are accused of corruption.

Diplomats say donors and investors may choose to channel limited funding to specific projects in Iraq to test the possibility of success. Anbar province appears to be a candidate for this experiment.

Anbar is bordered by three countries – Syria, Jordan and Saudi Arabia – which makes it easy for companies to access.

The Iraqi government believes that the international community will help it provide a normal living environment, prevent the emergence of violent extremism linked to authoritarian policies involving previous governments and characterized by poor distribution of wealth.

Iraq has suffered a large deficit in its financial budget, forcing the country to undergo austerity measures during the past three years, which also witnessed the control of an organization on a large part of its territory. Iraq was unable to recover its territory, except by spending billions of dollars on military operations, which subsequently destroyed entire cities.

Iraq was forced to seek international loans, constrained government spending on difficult terms, and raised fuel prices, which the state subsidizes production.

According to Iraqi estimates, the country needs about $ 100 billion to fund large-scale reconstruction, in areas that have been restored from a hasty organization.

Read More: http://www.dinarupdates.com/showthread.php?56120-Al-Abbadi-returned-disappointed-with-Davos-after-hearing-harsh-words
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Kaperoni (Dinar Guru) –   Article:  “Officially .. the end of the “Daesh” militarily in Iraq”   Quote: “Announced the Iraqi Interior Minister Qasim al-Araji, on Friday, the end of the terrorist organization Daesh militarily in Iraq, after the liberation of the city of Rawah, western Anbar province from the grip of the entire organization.”  This is big news. The Iraqi gov can now move forward with the economy.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “Strengthen international confidence in Iraq’s economic capabilities”   IMO, there is no external confidence in Iraq’s banking system until the CBI is in Article VIII and dinar transactions are accepted worldwide through the global banking system. They can talk about all they want, but I don’t think investors will come if they cannot get there profits out of Iraq.  Iraq needs to understand this and begin currency reform.

Read more: http://www.dinarupdates.com/observer/

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Breaking

Abadi: Corruption in Iraq cannot be eliminated within few days

Iraqi Prime Minister Haider al Abadi said on Tuesday that corruption in the country cannot be eliminated within a few days.

More details will be reported soon (this was reported only 10 minutes ago).

Source

BGG ~ My take? He’s feelin’ THE HEAT!!

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Some interesting headlines…

Ahmadinejad warns Khamenei of looming uprising, imminent regime fall

Ahmadinejad and Khamenei
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Abadi’s war against corruption must begin with Maliki and his henchmen

Corruption is the most dangerous obstacle against Iraq’s development. As the country enjoys many natural resources like minerals and oil, the international community is concerned with Iraq’s high level of corruption.

Corruption in Iraq has caused severe poverty in Iraq, which led to civil and sectarian strife that caused the extreme damages to the country’s infrastructure.

Shia parties lead corruption

After the US invasion to Iraq in 2003, Shia parties seized all the important posts in the government and led a widespread corruption campaign, which analysts assert that Iraq’s losses have reached over 1,000 billion dollars during the last ten years.

The most prominent entity that led this campaign was the ruling Dawa party, led by the former prime minister Nouri al-Maliki, who was described by experts as the “Godfather of Corruption” as he is implicit in numerous corruption, graft and embezzlement cases.

Recently, the Iraqi Prime Minister Haider al-Abadi launched a campaign against corruption in Iraq, but analysts told The Baghdad Post that until now Abadi didn’t dare to press any charges against Maliki.

They added that as Abadi’s popularity increased after the victory against ISIS, the prime minister seeks to increase his popularity ahead of the elections by pretending to fight corruption, describing this campaign as an “electoral propaganda”.

Politicians are also skeptical from Abadi’s actions, after Abadi extradited the former trade minister Abdul Falah al-Sudany from Lebanon after cooperating with the Interpol, and the son of the Luai al-Yasiri the governor of Najaf in a drug trafficking case.

They fear that these actions are just a show ahead of the elections and the Iraq’s reconstruction conference that will be held in Kuwait in February. His actions just aim at ensuring investors that their donations and investments won’t be embezzled by corrupt officials and politicians.

The Iraqi people wish to see the anti-corruption slogans practiced on the ground, away from the occasion of elections or the upcoming Kuwait conference, and away from personal and electoral gains to include all corrupt politicians no matter how strong or influential they are.

Analysts say, during his tenure from 2006 to 2014, Maliki accumulated power and influence that surpassed the incumbent Abadi, stressing that this is the reason why the PM can’t hold him accountable for his crimes that led to the bankruptcy of Iraq after his embezzlement of Iraq’s oil profits and the country’s destruction in the war against ISIS.

They added that If Abadi is serious in his war against corruption then he must begin with Maliki and his henchmen.

Read More: http://www.dinarupdates.com/showthread.php?56102-Abadi-s-war-against-corruption-must-begin-with-Maliki-and-his-henchmen&p=181032#post181032
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BGG ~ When I first started hearing these reports out of Baghdad about this grand “war on corruption” Abadi has planned I was hopeful. I still am. However, there is much to consider. Far more than meets the eye. 

This push has been going on since before the end of the fight for Mosul. Abadi started laying out his agenda then. However, one article from last week caused me a little concern, it mentioned Abadi might wait until after the elections to go after “the whales of corruption” (or something along those lines) so it didn’t look like he was doing it for “electoral purposes”. This troubles me some. It seems like a tidy excuse.

The opinion article we lead with today somewhat seeks to goad him into this fight. It might even be hitting on a key point – “Is this all for show”? As in, “election cycle propaganda”. One question I have long had is, “why has it taken this long”? This is a fair point, I think. If Maliki is as corrupt as he is rumored to be, evidence cannot be in short supply.

On the other hand, aside from evidence, we have another interesting perspective… The article from today was posted by The Baghdad Post. This is a typically Shia region, posting typically Shia sympathetic opinions, by those often referred to as “Baghdadis”, or people from the city area… of whom Abadi is one. For them to be this brazen in their refute of Maliki seems fairly brave. There appears to be a significant Shia faction not wanting to go back to the “Dark age of Maliki”. Further, they refer to him as the “Godfather of corruption”. This is a rather brash description of a still, very dangerous figure.

I am hoping the hold-up isn’t that for Abadi to prosecute Malik he will have to implicate himself. In typical Iraqi fashion, there is just no telling which of these characters has been (or still are) “at the trough” of corruption.

The revelation that Barzani and Maliki had some hinky back-door deal splitting the smuggled oil profits initially seemed so far-fetched, but based on recent revelations, makes more and more sense. In retrospect, Maliki stood a near ZERO percent chance of being removed via a vote of “no confidence”. I wonder if Talibani wasn’t forced into his position by his adversarial position in the KRG on the other side of Barzani in the region. In essence – it wouldn’t really matter what he did or said, with Barzani backing Maliki, he would lose either way. Then he went to a “tea meeting” with Maliki. We all know how that worked out for him.

In any case, with the somewhat tepid response Abadi got from world financial leaders at Davos, he may have to reconsider his previous positions on the timing for prosecuting the major corruption players in Iraqi. The world isn’t messing around. They have pledged their support. They want to bring Iraq fully into the world market “fold”. However, they don’t appear fooled by rhetoric, nor do I imagine they interested in allowing a thug like Maliki any further hand in damaging world affairs. Abadi needs to continue producing results.

We wait and watch.

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Assault on Sistani’s representative unveils rejection of marja’iyya’s practices

In a sign of simmering anger within the Iraqi society and rejection of the Shia marja’iyya’s practices, the official representative of Grand Ayatollah Ali al-Sistani in Iraq, Sheikh Abdul Mahdi al-Karbalai, was assaulted during Friday sermon in Karbala.

According to observers, although Iraqis renounce violence and terrorism, assaulting al-Karbalai bears messages that should not be ignored, the first of which is that Iraqis have had enough of the Shia clerical establishment, which owes allegiance to Iran.

Iraqis, both Shias and Sunnis, are no longer believing in the Shia marja’iyya’s fatwas and policies, they noted.

Iraqis got tired of the marja’iyya’s fatwas, which only serve Shia militias and Iran’s interests not Iraq’s, they further stated.

Assaulting Karbalai is an implicit message sent by Iraqis to Sistani himself to change his loyalty and issue fatwas that serves the interest of Iraqis not Tehran, they added.

Karbalai survived an assassination attempt during Friday sermon in Karbala.

In a video obtained by the Baghdad Post, Karbalai appeared terrified to death after being attacked while addressing the Shia worshipers in Karbala.

According to insiders, the assailant is a Shia Iraqi who opposes the presence of marja’ in Iraq.

Most of Shias in Iraq are blaming Sistani for issuing fatwa of jihad against ISIS, which led to the formation of the Iranian Militias in Iraq and Syria (IMIS), the militias that have committed heinous and sectarian crimes against Sunnis and Kurds, analysts said.

Sistani issued fatwa for fighting ISIS in 2014 following the terrorist group’s takeover of large swathes of Iraq. But his call to arms has led to the formation of IMIS. The Shia cleric’s fatwa has backfired as it caused destruction and bloodshed at the hands of IMIS terrorists.

Commenting on the incident, former prime minister Nouri al-Maliki said that assaulting the representative of Sistani is “unprecedented.”

The incident has revealed a doctrinal deviation supported by suspect parties that recruit ignorant people as tools to achieve their malicious goals, Maliki wrote on Twitter.

Karbala governor Aqeel al-Tarihi denounced the assault on Karbalai, accusing “deviant groups” of attacking the representative of Sistani.

The assault on Sistani’s representative is not a criminal incident masterminded by deviant parties as Maliki claims, analysts told The Baghdad Post.

It is an underlying message sent by Iraqis to the corrupt Shia clerical establishment so that it alters the sectarian course it undertakes, they added.

Read More: http://www.dinarupdates.com/showthread.php?56108-Assault-on-Sistani%92s-representative-unveils-rejection-of-marja-iyya%92s-practices

BGG ~ This has the feel of an “anti-Shia hardliner” under current. This is organic. It falls right in line with the protests in Iran and is regional in nature. NOT BORDER SPECIFIC. These are the same CATS that have been the social and religious arm of Maliki and his secular THUGS.

As an additional side note – these guys think it will always be a neat, clean, ideological contest. Not so – the Kurds, Sunnis and many others have now been at war for several years. The fear of direct conflict has worn off. These Shia DO-DO birds can’t keep lighting political fires (for their own political gains) and not eventually get burned.

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Post RV Checklist (it’s getting to be that time!! Listen up!!)

Dos and Don’ts of Windfall Wealth:

Treat it like a PowerBall win

– Tell no one, not even family. If you must talk, do so with one who is already in the know.

– Don’t run out & buy new “stuff”. People notice.

– Get an unpublished number and give it out very sparingly.

– Get a tax accountant you can trust to make sure the IRS is satisfied (Certified Opinion is something to look into) and pursue asset protection…

Read Complete List: http://www.dinarupdates.com/showthread.php?18519-The-Post-RV-Checklist-and-Flashback-documents&p=128477#post128477
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