Bits and Pieces in Dinarland Sunday Night 11-4-18

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Post  Admin on Mon Nov 05, 2018 1:00 pm


DayTrader:  JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform.  The economic reform provides jobs on several levels; certainly the labor to complete a project, but also jobs in the manufacturing of products and materials used in a project.  People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. 

Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development.  This circular process drives the flow of money in any economy.  Velocity of money is the speed the notes moves around this circle, and number of hands that touch those monies.

This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program.  However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform.

​IMO, the oversight management of the economic reform process is the responsibility of the government.  This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. 

Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform.  IMO


Don961:  2018-11-04 

What is the reality of the deep state in Iraq?

Since mid-May 2018, following the parliamentary elections in Iraq and the worst political crisis since the US occupation in 2003, the "deep state", by political leaders, members of Parliament, officials and observers of the political situation in Iraq, has repeatedly been said to be responsible for crises.

This is not the first time. After every political problem that engulfs Iraq, or an imbalance that balances the interests of the parties, the term "deep state" appears and becomes a "charge" in which the political forces are involved. This raises questions about the existence of a deep state in Iraq and how it works.

"After 2003, the well-known Iraqi state was destroyed, and thus the main pillars of the state ended, and there are no more powerful centers in the country. After this history, I do not think that the state that was built permits the building of a deep state," says the researcher. In the well-known sense. "

"Yes, there is something that can be considered a deep state term but more fragile than other countries. In all cases, if we want to use the deep state definition of what is going on in Iraq, it can be said that it includes a network of people and political forces and corruption mafia that meet their interests together.

"The deep state in Iraq is not as strong as in other countries. If we compare the deep state role and external influence to what is going on in Iraq, the external influence will be stronger in the events industry than the deep state, so foreign will prevail.Foreign will also benefit from the deep state. "

"So far, Iraq has not made itself a solid and powerful regime, the country is unstable, and the deep state is often engulfed in established states.

So what is going on in Iraq is as close to Mafia as it is to the deep state in its well-known sense."

Since 2005, with the Islamic Dawa party gaining power through Ibrahim al-Jaafari first and then Nuri al-Maliki with two states saturated with corruption, sectarian problems and sectarian tensions, Iraqis are looking for many answers to daily questions about security, political and economic crises that erupted without anyone knowing. how did that happen.

​According to an official close to former Prime Minister Haider Abadi, the Dawa party led by Nuri al-Maliki is the founder of the deep state after the US occupation of Iraq, and the first to deliberately distribute his staff members of the party, in the ministries and departments of the state to facilitate the affairs of party members in case they need something. 

The Badr Organization, headed by Hadi al-Amiri, then entered the organization until the organization seized over time the majority of ministries, especially those affiliated with the Ministry of the Interior, from the passports, nationality and residence departments. And turned the staff into the owners of large sums of money because of the bargaining and bribes they impose on citizens, as well as the sale and purchase of appointments in security bodies, most notably the Directorate of National Security.

The same official explains that "the deep state has become on its current strength after 2008, and may have impact after the clarification of the mismanagement of Iraq, and if it were not for this why there has become a state operating in disguise."

He points out that "the bad structure in the Iraqi state produced the deep state methods, and the intention is that there are departments operating under the table running the state, centers of power is not visible." It is estimated that "75 percent of state and Iraqi affairs are run across the deep state, by personalities and gangs drawn up by parties within official institutions." He also points out that these "hidden forces have political support and legal cover, because they depend on real employees in the Iraqi state, but their actions are all for their interests and the interests of their parties."

According to the same official, "many deals related to weapons and oil, which are between Iraq and other countries, first pass on the parties through the pawns in the ministries, and after studying the files that are supposed to be discussed by the minister concerned, the parties send their comments to the ministries to be part of the talks."

He explains that "the deep state will not end in Iraq except with the withdrawal of all weapons from the hands of citizens, gangs and armed factions. When all Iraqis are equal in strength and weakness, then there will be no deep state. "

Within the "deep state" in Iraq, there are political forces linked to parties that are already loyal to foreign regimes, most notably Iran, and security forces represented by officers loyal to their parties that have brought them to high ranks, as well as the "popular crowd" factions, which are working to overcome the difficulties facing some political entities . Officials in the form of directors, deputy ministers and advisers also control decisions passed within state administrations. 

The authority of some Iraqi officials in small government institutions is beyond the authority of cabinet ministers. The "soldiers" deep state in all joints of the Iraqi state to arrange their interests first and fight the interests of "enemies" II.

A member of the wisdom movement of Ammar al-Hakim, Mohammed al-Lakash, said that "the appointment of Iraqi employees in the form of a director general is not only with the approval of the House of Representatives and endorses their appointment after discussion, according to Iraqi law, but Iraq since 2008 so far has been the appointment of more than 4 thousand Director general and deputy minister and adviser, which is known as special grades, without any circulation in parliament, are passed through the parties to these positions, to work later to the satisfaction of the parties and meet what you need.

In his view, these are the "deep statesmen", pointing out that "these employees are not capable of their work and are not competent, but the parties put them in order to pass the matters of parties and members. The directors-general of Iraq are mostly involved in cases of corruption and waste of public money, some of them older than the age and exceeded the legal limit of the law of retirement (63 years).

"The problem of the deep state will confront Prime Minister Adel Abdul Mahdi, and the interests between Abdul Mahdi and the centers of power in the deep state may clash, which will lead to the elimination of Abdul Mahdi politically, so he should deal wisely with the soldiers of the hidden state and end it gradually, But he may not be able to stand up to it. "

For his part, believes the leader of the National Coalition of Iyad Allawi, Hamed al-Mutlaq, "The politicians in Iraq failed to establish a strong government, they believe in irrational interpretations, including the creation of the so-called deep state." For them, the politicians "failed all to reach the satisfaction of the Iraqi people and are not serious in building a strong state, and a real government that respects the law and hold the corrupt and open the outstanding files and return the lost Iraqi money."

He explains that "the concept of the deep state spread after political statements to cover their failure and corruption. There are actually some non-formal and informal, have money and weapons and are linked to external parties, and the people know those who manipulate his abilities, but the term of the deep state used to some politicians to circulate in order to blame other parties in the administrative failure.

Iraqi political analyst Hisham al-Hashemi said that "the deep state after 2003, strong arms of political parties, sects, nationalities and clans, which controls the administration, leadership and economy, and manipulates the contracts of the executive and legislative branches (government and parliament), and operates within the structure of state institutions. And its soldiers managed to build a state on the ruins of the dissolved circles of the former regime (Saddam Hussein's regime). "

He pointed out that "the deep state acts contrary to what is done by the regular state, which operates in accordance with the law and adopt transparency and integrity, and takes into account the principles of professionalism and career progression and creative competition, which are leverage and likely to take over the post.    link


Tishwash:   Vietnamese banks take advantage of digital era

Viet Nam News

HÀ NỘI – Việt Nam has seen a digital wave in the finance-banking industry, with many banks investing significantly into the segment, experts said at a conference on Thursday.

During the conference on digitalising the banking industry held in Hà Nội, director of the State Bank of Việt Nam (SBV)’s Payment Department Phạm Tiến Dũng cited data from an SBV survey that by the end of April this year, 94 per cent of local banks have invested in digitalisation, of which 42 per cent consider digital banking to be the top priority in their business strategy.

Internet banking services in Việt Nam have accelerated by 6.3 times over the past three years. Experts attributed the high growth to the popularity of the internet and smartphones in the country. By the end of 2017, Việt Nam had 45 million 3G/4G users and a majority of smartphone users.

Payment through mobile banking services has also surged by a whopping 144 per cent per year over the past five years. Meanwhile, the same period has seen payments by traditional methods increase by only 40 per cent.

Seizing the trend, many banks have been embarking on the application of 4.0 technology and modernising their business models. Examples include the automated bank model LiveBank, digital bank model Timo or providing online consulting services through Live Chat.
According to experts at the conference, banks prefer the application of digital technology thanks to its lower costs and wider coverage than that of traditional models.

The development of internet banking, mobile banking, payment solutions using QR codes, near-field communication technology (NFC), or advances in biometric technology using fingerprints and iris scanning has helped the banking industry bring new and convenient products and services to customers, which has helped banks reach sustainable growth in the long run thanks to an increase in revenue and profit from services and gradually reduce dependence on lending, they said.

In addition, experience from many countries has also shown that, with the support of digital technology, even developing or poor countries can achieve breakthroughs in financial inclusion.

Nguyen Kim Anh, SBV’s deputy governor, said there was significant potential to apply and exploit digital technology in order to increase the efficiency and quality of services in the country’s banking industry, provided by the country’s good technical infrastructure and streamlined policies.

"The SBV pays special attention to fine-tuning the legal framework, building and promulgating legal regulations and orientations in order to enhance the development of information technology infrastructure and security for the banking industry," Anh said, adding that SBV has so far actively undertaken many activities so that the banking sector can adapt to the fourth industrial revolution.

Regarding technical infrastructure, Anh said, SBV has set up the national inter-bank electronic payment system (IBPS) and the national credit information centre, which have been operating smoothly.

As for the legal framework, SBV have also developed IT infrastructure, enhanced safety and security to support banks in digital applications and promote online banking activities.

To promote digital banking, Anh urged banks to further improve corporate governance, security and human resources. -  link

X33 Report:  Published on Nov 4, 2018

The Establishment Defends The Federal Reserver As An "Institution Of Government" - Episode 1707a

Intel starts at minute 1:22


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