OIL 101: ENERGY ECONOMICS
OIL 102: PEAK CHEAP OIL
OIL 103: SHALE OIL
OIL 104: ENERGY & THE ECONOMY
CENTRAL BANKING 101: COMING SOON
CENTRAL BANKING 102: COMING SOON
CENTRAL BANKING 103: COMING SOON
CENTRAL BANKING 104: COMING SOON
MONEY 101: MONEY CREATION
MONEY 102: MONEY AS DEBT
MONEY 103: COMING SOON
MONEY 104: COMING SOON

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  • tudor's Avatar
    Yesterday, 07:25 PM
    Afternoon all. Been busy helping a friend get his tools etc. moved into his new shop. Fortunately there was a bunch of us, so not too hard on anyone. Temps in the upper 40's, low 50's and just at freezing at night so the weeds are starting to grow, oh goody lol. You all have a great day and ksd, glad your hubby is a little better.
    1110 replies | 67208 view(s)
  • harry's Avatar
    Yesterday, 10:16 AM
    Deputy: Budget will continue in the government formula without including the demands of the blocks 1/22/2018 Treasures of the parliamentary bloc of the Liberal Abdel Aziz al-Zalmi, Monday, pass the general budget in the government formula without including the demands of the political blocs, referring to the appeal of the government in the event of the addition of any financial increases except internal transfers. Al-Zalami said in an interview with local media and the agency , "The political blocs are still insisting on the inclusion of their demands within the allocations of the general budget," noting that "the Kurdish blocs insist on 17% of the size of the budget and also the Sunni blocs and their demands to allocate reconstruction funds To the oil of petroleum demanded by the representatives of oil-producing provinces. " "Despite these demands and controversies, the budget will continue in the government formula without any amendments to the addition of new funds except internal transfers because the government will appeal and return them to the House of Representatives." She accused the MP for the Patriotic Union of Kurdistan Rizan Sheikh Delir, Speaker of the House of Representatives Salim al-Jubouri not wanting to approve the law of the general budget for the current year 2018, surprising surprise of the rejection of the Presidency of Parliament to return the law to the government despite the many reservations on them. http://www.knoozmedia.com/304369/%D9%86%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D8%B3%D8%AA%D9%85%D8%B1%D8%B1-%D8%A8%D8%A7%D9%84%D8%B5%D9%8A%D8%BA%D8%A9-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9/
    0 replies | 53 view(s)
  • harry's Avatar
    Yesterday, 10:02 AM
    The Integrity Commission draws up a road map to combat corruption 1/22/2018 BAGHDAD / Al-Sabah The Integrity Commission announced on Monday the development of a road map to combat corruption in Iraq, indicating that it outlines the procedures that the government and the Council of Representatives and other state institutions should take in the near and long term. The Commission confirmed that the map sent to the Presidency of the Republic, , As well as various state institutions, have drawn up guidelines for the work of those bodies, in line with the anti-corruption calls launched by the government and parliament at the present time. Term claims The Commission said in a statement received by Al-Sabah: "The map called on the House of Representatives in the near term to speed up the enactment of some legislation; to develop the anti-corruption system, such as the law of illegal graft prepared by the Commission, the Anti-Corruption Law, The system of combating corruption, such as the penal codes and the principles of criminal trials; for the purpose of tightening the penalties for the perpetrators of corruption crimes and changing the legal adaptation - through legislative intervention - the crimes of assaulting public money to become all crimes. The Commission called on the House of Representatives to reconsider the law of political parties to amend some of its provisions that are inconsistent with the anti-corruption trends, in addition to amending the amnesty law in order not to cover corruption crimes. Including a number of major corruption cases involving ministers and governors. The Commission has prepared the draft amendment required, as well as its proposal to issue a resolution from parliament allowing the dissemination and broadcast of trials on corruption cases referred by the Commission to the judiciary in front of public opinion. With regard to the responsibilities of the government in the near term, the Commission demanded, "the need to re-evaluate the advanced administrative leaders and the removal of the weak and the surrounding suspicions about them, and the dismissal of ministers - in accordance with the constitutional mechanisms - previously achieved by the Commission with them on important issues, and the adoption of the national strategy to combat The corruption prepared by the Commission and transmitted to the Council of Ministers two years ago, providing adequate guarantees to the judges of integrity, and coordination with the Supreme Judicial Council; in order to satisfy the Commission's investigations and not to demand administrative investigations in cases of integrity except in matters Which inevitably entails. " Parliament and the next government The necessity of the House of Representatives not to give confidence in the next government to any person involved in corruption cases or those previously investigated by the Commission and convicted of an investigation on important cases even with no conviction of his right, as well as not to give confidence to the public pardon and those who declined to disclose financial dues, The formation of a specialized committee to review the legal anti-corruption system, consisting of representatives of the judiciary, the Integrity Commission and the Council of State, and another committee composed of deputies known for their integrity and good conduct under the chairmanship of a member of the Presidency of the Council, And to organize a parliamentary oversight mechanism that will stop dealing with alleged corruption files through the media without going through the legal and judicial channels. "The Commission, the House of Representatives, called on" The enactment of a law obliging parties and political blocs to abolish the economic committees that dominate the ministries' contracts in violation of the law and to activate the Federal Public Service Council provided that the members are chosen in a professional manner away from partisan political rivalries. Otherwise, this council will become a problem without solution and will result in quotas being legislated. , As well as the Commission demanded the addition of a text in the election law to be enacted after the crimes of corruption provided for in the law of the Commission of crimes against honor. "With regard to the responsibilities of the next government, Meh to " http://www.alsabaah.iq/ArticleShow.aspx?ID=151464
    0 replies | 49 view(s)
  • harry's Avatar
    Yesterday, 09:50 AM
    The budget of 2018 and its problems .. Absence of transparency and economic approach 1/22/2018 Baghdad / Al-Sabah The number of votes that touched on the door of the draft law of the budget of 2018 takes a wide range to reach what it will provide in maximizing resources and rationalization of expenditures taking into account the lessons of implementation of budgets achieved for previous years and should be configured to implement this budget to be different from the previous pattern through the activation of procedures A new quality of governance for its implementation throughout the year and set the stage for change and real reform for the coming years. Speaking d. Kamal al-Basri, head of the team of financial advisers and voluntary head of the Board of Trustees of the Institute of economic reform on the financial situation in Iraq in general and the budget of 2018 in particular, and he believes that the budget of 2018 came under the impact of the repercussions of the decline of financial management, which continued throughout the previous period, Absent the economic feasibility, and more precisely in the absence of transparency and economic approach was the public money and financial revenues of oil "easy to earn and easy to spend, in front of the previous government found itself in front of the financial obligations and lack of economic feasibility, and could not implement the policy Rationalization of public spending, and that the rush of political blocs on the budget within the corridors of the House should not be justified not to be approved, as this flux has nothing to do with the interest of the citizen. {Lord of harmful evil} Al-Basri stressed that "this year's budget was an appropriate opportunity to announce the reforms awaited by the Iraqis, and that turning the financial crisis in Iraq to the beginning of the real start of the reform makes the crisis a real application of the prevailing model. The law and the fight against corruption and the selection of honest and qualified leaders and accountability for performance to achieve the results, "noting that" our situation now can be likened to the case of a patient who is thirsty for early treatment, but the doctor was mediated by the doses of treatment patient, and the fact that our eagerness for the revolution of reform does not cost us only to investigate One of the constraints imposed by the consequences of the rent-economy policy is " economic reforms "The vision of the members of the team of financial advisers in the voluntary Ministry of Finance, which conveys them on their behalf believes that the previous governments have completed several reform strategies and we hope to be dealt with seriously and strong will in the implementation of these strategies: private sector, education, energy, industry .. Etc. There are other reforms that deal with government support policies and carefully review them to reduce waste such as subsidizing the prices of oil derivatives. Yes, there are difficulties, but at the very least, the preparation of feasibility studies for support policies and promotion to understand the citizen value of sacrifice and benefit achieved. Set a road map to assess government support. " Budget and debt He pointed out that "transparency is required when planning and preparing the budget, and the lack of transparency gives way to abuse using public money," stressing the importance of "caution against the continued use of And the continued absence of the vision that oil is a sufficient resource for depletion, as well as that the wealth is not only for the current generation, but for future generations as well, and that their use must be exclusively for the development of economic capital Which is the introduction of factories and the necessary technologies and human capacity building He called for "to start now the development of a strategy to determine the rate of escalation to increase the proportion of the use of oil revenues for the purposes of investment allocations." The importance of education He pointed out that it is necessary to stand when education is not given the utmost importance to address the current shortage of buildings and equipment necessary to create an educational situation that is conducive to economic reform. The most important investment is investment in education. International experiences confirm that the prosperity and stability of the community democratic process is linked to the development of education and culture in both quantity and quality, " Capital Projects And within the vision of the team of advisers conveyed by the team leader d. Al-Basri said: "The approval of capital investment projects must be carried out in accordance with sound feasibility studies, which are discussed with government agencies by consultants on the basis of value in return for financial allocation, and that all government contracts must be concluded by an experienced person to get out of the bad practices that led to the delay And the cooperation and coordination with the Ministry of Planning to follow up the performance in the implementation and achieve the desired results. "For example, the allocation of electricity is still high, and was supposed to be a time plan whereby the electricity production gradually turn into self-financing with the presence of Berna C Mali to protect the poor. " Oil price Al-Basri confirmed the members of the Advisory Group and warned them of "continuing to adopt the budget sharply on oil resources, which suffer from two problems: fluctuation of export volume and fluctuation of prices, which requires the construction of a special section in the Ministry of Finance to study the changes in the price of oil in the global markets and forecast, The Ministry of oil to avoid fluctuating quantities of oil exported. and that " the adoption of the price of oil less than the expected price of the international market health condition for the establishment of a special reserve fund surpluses derived from the increase in the price of oil to ward off the risk of price fluctuations and can develop it to" investment fund for the next generations "He added that the Ministry of Finance should prepare an alternative mechanism to benefit from the oil revenues, reflecting that all citizens have an equal right to the oil wealth and impose a uniform tax on government services. Income taxes Taxation is poorly planned, the reality is that there is a tax evasion of 61 percent, and the sales tax base can be expanded by covering all classified facilities Tourists, restaurants, hotels to avoid the evasion of some facilities by reducing the classification, and the imposition of sales tax in modern markets (Mollat), which spread widely and be added to the price directly and deducted for the benefit of the Tax Department, as well as the cancellation of previous exemptions from that tax, In order Coalition authority No. 17 of 2004. "He added that he could expand the tax base by subjecting selling cars sales tax, and the activation of the mobile phone tax to otherwise. The insurance process and insurance, he said: "The obligation of importers to conduct insurance on their goods with Iraqi companies, and the increase of the activity of these companies achieve many benefits, and pointed to the importance of changing the pattern of collection of customs duties, and imposed on the basis of the amount of remittances and letters of credit, evasion. fair revenue , said Dr. Basri , said " a team of financial advisers had stressed the importance of raising the efficiency of the state management of real estate in order to ensure the achievement of fair revenue there is a high percentage of more than 40 percent of them outside the control of the administration and other division is not the collection of revenues in proportion and measuring Of the market, the trend towards the collection of fees from visiting the areas of religious tourism and areas of archaeological, and the introduction of new quality measures contribute to increasing non - oil revenues by imposing the rule of law and the fight against corruption and choose an efficient and competent leadership and accountability for performance and results. " Detailed deficit and within the vision of the Panel of Advisers of the status of the ongoing budget deficit in the current year and previous years, Basri said he "expected to be a budget deficit in 2018 up to 13 trillion dinars, and that the government is considering dealing with the issue through the loan window, a government action easy to deal with But it has great consequences, and it was better to deal with the deficit through the first two windows to impose the rule of law and the collection of government fees and entitlements in accordance with the laws of Iraq in force, and the other devaluation of the Iraqi currency against the dollar, and the benefits in reducing imports and encourage the local product with See the customization necessary to protect the poor. " http://www.alsabaah.iq/ArticleShow.aspx?ID=151447
    0 replies | 61 view(s)
  • harry's Avatar
    Yesterday, 09:41 AM
    good morning to all ds i pray that everyone will have a blessed day today..
    1110 replies | 67208 view(s)
  • Bondlady2's Avatar
    1110 replies | 67208 view(s)
  • ksdunlap's Avatar
    Yesterday, 08:29 AM
    Good morning DS. I pray everyone enjoys a wonderful Monday.
    1110 replies | 67208 view(s)
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