OK EARLIER I GAVE YOU A SIMPLE LESSON ON THE IMF/IRAQ STABILIZATION PROGRAM FOR DEVELOPING COUNTRIES ALSO KNOWN AS THE SBA.
NOW A COUPLE OF OTHER ISSUES:
1) SOFA OR STATUS OF FORCES AGREEMENT WHICH WAS SIGNED IN DEC 08 BY PRESIDENT BUSH AND PM MALIKI.
THIS IS AN AGREEMENT ON THE TIMETABLE THAT US FORCES MUST BE REMOVED FROM THE CITIES AND ALSO THE TIMELINE THAT US FORCES ARE TO LEAVE IRAQ. ACCORDING TO THE AGREEMENT US FORCES ARE TO BE OUT OF IRAQ NLT 31 DECEMBER 2011.
2) SFA OR STRATEGIC FORCES AGREEMENT WHICH IS AN AGREEMENT BETWEEN THE US AND IRAQ THAT WE WILL HELP WITH EDUCATION TO INCLUDE IRAQI STUDENTS IN US COLLEGES. HYGIENE AND PRETTY MUCH ANYTHING YOU CAN THINK OF THAT WE CAN TEACH THEM. NOW COME MAY ALL LOOKED VERY GOOD FOR IRAQ THEN THE KISS OF DEATH JUMPED OUT... CHAPTER VII. IT IS A RESOLUTION THAT IS ENACTED WHEN A GOVT HAS AN ACT OF AGGRESSION AGAINST ANOTHER UN MEMBER. CHAPTER VII IS JUST THE INITIAL RESOLUTION. IT IS THEN FOLLOWED BY DOZENS OF OTHER RESOLUTIONS THAT LAYOUT THE EXACT CONSEQUENCES AND ISSUES THAT NEED TO BE RESOLVED TO HAVE CHAPTER VII REMOVED. THIS IS WHY THE OPEN FILES BY KUWAIT ARE SO IMPORTANT. A COUNTRY UNDER CHAPTER VII IS NOT PROTECTED BY INTERNATIONAL LAW. IT CAN BE SUED, WHICH IN GENERAL A COUNTRIES GOVT CANNOT BECAUSE OF THE PROTECTION OF INTL LAW.
THE US IS THE ONLY COUNTRY WHO'S LEADER HAS FORBID ANY US CITIZEN TO SUE OR PUT A LIEN AGAINST IRAQI ASSETS. THIS WAS PO 133303 SIGNED BY GEORGE BUSH ALONG WITH CPA (COALITION PROVISIONAL AUTHORITY) ORDER 39 AND LATER AMENDED TO CPA ORDER 40. THIS GRANTED US AS U.S. CITIZENS THE SAME RIGHTS AS IRAQIS TO PURCHASE AND OWN HARD CURRENCY, STOCKS, BONDS AND SECURITIES THAT WERE ISSUED BY THE CPA/IRAQI GOVT
THIS IS WHY YOU HAVE IQD NOW ALL SANCTIONS ARE SUBSEQUENTLY REMOVED EXCEPT FOR THE OPEN FILES OF KUWAIT, WHICH IS THE REPARATIONS OWED TO KUWAIT WHICH IS ABOUT 25 BILLION USD, THE DEMARCATION OF BORDERS BETWEEN IRAQ AND KUWAIT AND THE RETURN OF APPROX 300 MISSING KUWAITIS. SINCE THE 1990 GULF WAR THESE HAVE NOT BEEN RESOLVED. THIS IS THE HOLDUP OF THE REMOVAL OF CHAPTER VII. ALSO AS LONG AS THEY ARE UNDER CHAPTER VII ALL OIL REVENUES FOR THE LAST 19 YEARS ARE CONTROLLED BY THE UNSC. THEY ARE PLACED INTO AN ACCOUNT CALLED THE DFI OR DEVELOPMENT FUND IRAQ.
THERE IS HUNDREDS OF BILLIONS OF OIL REVENUES IN THIS ACCOUNT INCLUDING ALL THE GOLD BULLION THAT WAS TAKEN AND FROZEN. A % OF THE YEARLY OIL REVENUES IS PAID TO KUWAIT TO REPAY THE REPARATIONS.
ALSO A UN COMMITTEE CONTROLS ALL THE FUNDS AND DISPERSEMENT OF FUNDS TO IRAQ FOR A VERY STRICT USE. THEY CAN ONLY PURCHASE CERTAIN IMPORTS WITH THE DFI MONEY AND IT IS AUDITED BY THE UN ON THE 21ST OF THIS MONTH THE UN WANTS TO TURN OVER THE MANAGEMENT OF THE FUND TO AN IRAQI FINANCIAL COMMITTEE. THEY WILL NOT GET THE REVENUES TO DO AS THEY WISH. THEY MUST FOLLOW THE STRICT MANAGEMENT OF THE FUNDS AND CONTINUE TO MAKE TIMELY PAYMENTS TO KUWAIT
IRAQ LOBBIED FOR MONTHS TO GET RELEASED THEY CAME TO THE US MULTIPLE TIMES BUT NEVER GOT THE UNSC TO VOTE ON IT. THEY MUST HAVE 8 OF 15 VOTES OF THE UNSC TO BE REMOVED, BUT OF THOSE 8 VOTES THEY MUST HAVE ALL 5 PERMANENT MEMBERS VOTES. ANYONE CAN VETO IT. THOSE MEMBERS ARE: US,CHINA, RUSSIA, UK AND FRANCE, AND EVERY SINGLE ONE HAS NOW OIL CONTRACTS WON IN IRAQ. RUSSIA WAS THE LAST ONE WITH LUKOIL.
SO THAT IS WHERE WE STAND TO DATE WITH CHAPTER VII. SO FAR NO VOTE HAS COME UP AND AS OF LATE NO NEWS HAS EVEN COME UP WITH REFERENCE TO CHAPTER VII. OK THAT IS LESSON #2. THANKS.
OK SAM SINCE ALL THESE NICE PEOPLE DIDN'T FLOOD ME WITH ?'S. NOW I KNOW THAT SOME OF YOU ARE REALLY NOT THAT STUPID. THAT YOU DON'T UNDERSTAND WHAT MODERATED MEANS.
NOW FIRST YOU SAM.
samsamsam999 says to (19:58:30):
just wanted to know how the recent 10mil Iraq paid fitted in. Thanks 18
8xxxxx says to (20:00:08):
THE 10 MILLION WAS TO PAY FOR EXCAVATIONS FEES OWED TO THE CONTRACTORS WHO WERE DIGGING UP THE MASS GRAVES THE IRAQIS HAD MADE. THAT MAY HAVE HELD KUWIATI BODIES THE RESPONSIBILITY FOR THE PAYMENT FELL ON IRAQ, BUT THEY DID NOT PAY IT. SO THE CBK (Central Bank of Kuwait) DID THEN THE CBK WAS TOLD BY IRAQ THAT THEY WOULD PAY IT WITH RV'D IQD. AND THAT THE RV WAS SET FOR THE FRIDAY ABOUT 10 DAYS AGO. THEN IRAQ DID NOT RV, SO KUWAIT CONTACTED THE UN. THE UN TOOK 10 MILLION IN BULLION THAT THEY HAD IN FROZEN ASSETS IN A BANK IN NY AND TRANSFERED IT TO THE BULLION STORED IN NY FOR THE KUWIATIS. NOW REALLY AS I SAID I AM TEACHING YOU ALL
TOUGH CRAP IF CHAPTER VII WAS DICUSSED IN JULY AS AN ISSUE BACK THEN, NOONE KNEW, PEOPLE THOUGHT IT WAS THE HCL, THE SOFA, SFA, CHAPTER VII, ELECTION LAW, INVESTMENT LAW. THEY WEREN'T REALLY PISSED AS MUCH AS I TOLD YOU SO. THEY HAVE NO RESPECT FOR THE IRAQI MENTALITY. THEY THINK THEY ARE CORRUPT AND INEPT IN HOW THEY HANDLE THE GOVT AND THEIR PEOPLE. NOW WE ARE TALKING THE GOVT NOT THE PEOPLE OF IRAQ AND THEY SURE AREN'T THE #4 MOST CORRUPT COUNTRY PER KAPITA FOR NOTHING. OK NOW THAT I GAVE AN EXTENDED LESSON. SEE YOU ALL LATER. THANKS.
Monday, December 14, 2009
18DELTA CHAT
18 Delta - Explaing our Investment
--------------------------------------------------------------------------------
18DELTA says to (15:38:26):
NOW I KNOW FOR A FACT THIS SOB IS GOING TO RV. NOW THE DAY? THAT IS ANOTHER STORY. IS THE CH INFO TRUSTWORTHY? YES IT IS. BUT UNTIL IT GETS RESOLVED AND MALIKI RELEASES IT. WE NEED TO GET ALONG.
AND THE REASON FOR NOT GETTING ALONG IS YOU ALL ARE NOT BUSY OR LEARNING. SO I AM GOING TO TEACH YOU ABOUT THIS INVESTMENT.
WE WILL GO FROM ALMOST THE BEGINNING SO YOU REALLY UNDERSTAND AND CAN SPEAK CONFIDENTLY ABOUT THE IQD LIKE I DO. I WILL START WITH THE IMF/IRAQ RELATIONSHIP. WHICH LASTED ALMOST 5 1/2 YRS. IT IS AS MANY OF YOU CALLED IT WAS THE SBA... STANDBY AGREEMENT. THE SBA WAS FUNDS THAT WERE AVAILABLE TO IRAQ BY THE IMF FOR STABILIZATION LOANS WHICH IRAQ NEVER USED ON PENNY OF.
NOW THE ACTUAL PROGRAM THAT IRAQ WAS UNDER WAS CALLED THE STABILIZATION PROGRAM FOR DEVELOPING COUNTRIES. WHAT WAS THAT PROGRAM ABOUT? IT IS A ECONOMIC AND MONETARY POLICY THAT WAS USED TO REDUCE INFLATION AND IMPROVE ON THE MAIN SECTOR OF REVENUES FOR THE COUNTRY OF IRAQ.
FIRST THE ECONOMIC WAS TO DIVERT ALL AVAILABLE FUNDING TO THE OIL DEVELOPMENT TO GENERATE REVENUES, TO KEEP THE GOI RUNNING AND ALLOW FOR SOME INFRASTRUCTURE DEVELOPMENT. BUT IN DOING SO HEALTH AND SOCIAL WELFARE AND EDUCATION PROGRAMS WERE STRIPPED OF MONEY. UNDER THIS POLICY UNEMPLOYMENT IS STILL HIGH THOUGH THE IMF PROGRAM DID A GOOD JOB IN ACTUALLY REDUCING THE 30 PLUS % UNEMPLOYMENT DOWN TO 18% BY THEN END OF THE SBA.
NOW NEXT IS THE MONETARY POLICY. THERE ARE ONLY TWO TYPES OF MONETARY POLICIES, CONTRACTIONARY AND EXPANSIONARY. THE IMF UNDER THIS PROGRAM USES A CONTRACTIONARY POLICY. THE REASON FOR IT IS TO INCREASE INTEREST RATES. STABILIZE THE CURRENCY PEGGED AGAINST THE USD AT A RATE OF 1/4% OF 1% MONTHLY AGAINST THE USD UNTIL JULY OF 08 WHEN IT WAS INCREASED TO 1/2 OF 1%. THE MAIN GOAL OF THIS POLICY IS TO REDUCE OR COMBAT HYPERINFLATION.
THE CENTRAL BANKS JOB IS TO REDUCE THE ACTUAL PHYSICAL CURRENCY WITHIN THE BORDERS OF IRAQ. BUT TO AUCTION OFF CURRENCY TO GENERATE REVENUE AND TO SELL OFF TBILLS AND CBI BILLS AND TO TRADE FOR FOREIGN CURRENCY ASSETS WHICH WILL BE EVENTUALLY USED TO PROTECT THE SUSTAINABILITY OF THE RV. NOW MANY OF THE STABILIZATION PROGRAMS FAIL WITH THE IMF FIRST TIME.
TURKEY, SOUTH KOREA AND ARGENTINA ALL DID, BUT IRAQ WAS TEXTBOOK SUCCESS UNDER THE IMF, AND ON MARCH 18TH WHEN THEY WERE RELEASED FROM THEIR AGREEMENT WITH THE IMF. THEY WERE TO GO TO PHASE II, WHICH WAS TO IMMEDIATELY CHANGE TO AN EXPANSIONARY MONETARY POLICY AND CHANGE TO A MARKET ECONOMY. WHICH BY THE WAY IS ACTUALLY PART OF THE IRAQI CONSTITUTION. IT CALLS FOR IRAQ TO HAVE A MARKET ECONOMY. YET THEY ARE IGNORING IT. NOW HEY DID NOT DO THIS. THEY CONTINUED TO AUCTION OFF IQD AT AN ALARMING RATE, MALIKI, HASHEMI, AND PARLIAMENT ASKED THEM AND ACTUALLY PLEADED WITH THEM FOR SEVERAL WEEKS TO STOP THE AUCTIONS. BUT THEN IT ALL WENT AWAY. THEN SHABIBI CAME OUT AND EXPLAINED WHAT HE WAS DOING.
THE AUCTIONS AS OF JANUARY WERE NOT FOR JUST REVENUES TO SUBSIDIZE THE IMPORTS THAT WERE NOT ALLOWED UNDER THE DFI. HE WAS USING DIFFERENT FORMS OF A MANAGED FLOAT TO CONTROL THE RATE AT 1170 AGAINST THE VOLATILE USD, WHICH HAD DROPPED .22 CENTS IN THE PAST YEAR. YET HE WAS ABLE TO KEEP THE IQD FROM PLUMMETING. AT THE SAME TIME CBI WAS REMOVING THE COUNTRIES DEPENDENCE ON THE USD. THEY WERE SLOWLY REDUCING THE LIQUIDITY ABROAD AND THE OVERAL USE OF THE USD FOR PURCHASES AND ENCOURAGING IRAQIS TO USE THE IQD INSTEAD.
NOW IT WAS HARD TO USE THE IQD SINCE THE ONLY WAY IT IS OF ANY USE IS TO PURCHASE SUBSIDIZED GOODS AND SERVICES. NOW THIS POLICY OF REMOVING THE USE OF USD WAS FINALLY DONE AND FINISHED BY THE 1ST WEEK OF OCTOBER 09. NOW INSIDE THE WIRE YES THE USD IS STILL USED AND IT IS ON THE BLACK MARKET AND THE AUCTIONS NOW HAVE VERY LITTLE TO DO WITH REVENUES FOR SUBSIDIES. THEY ARE ALMOST TOTALLY FOR THE MANAGEMENT OF THE IQD. THEY HAVE TRANSFERS OUT AND USD IN. NOW AS YOU KNOW MANY TIMES THERE IS NO USD. THAT MEANS NO IQD WAS AUCTIONED OFF. THE TRANSFERS OUT ARE FOR TBILLS AND CBI BILLS THAT THEY ARE PAYING OFF, AND FOR THE SWAP OF FOREIGN CURRENCY FOR FOREIGN CURRENCY ASSETS.
NOW RIGHT NOW IRAQ IS AT THE BRINK OF SOME MAJOR CHANGES. THE CBI HAS APPROVED AN RV. IT HAS BEEN HANDED OVER TO THE GOI, WHICH MEANS MALIKI. WHEN OR THE REASON THAT MALIKI WILL USE THE RV TO HIS BEST ADVANTAGE ONLY HE KNOWS.
NOW GOING BACK IN TIME, THERE ARE OR WERE SEVERAL MAJOR PIECES OF LEGISLATION THAT IRAQ NEEDED TO PASS. 1) HCL OR HYDROCARBON LAW, WHICH ENTAILED TWO PARTS. THE FIRST PART WAS THE REVENUE SHARING OF THE OIL SALES FROM KURDISTAN AND WHAT WAS FARE IN THE GOI AND KURDS EYES AS A SPLIT. WELL IT HASN'T GONE WELL. THIS SPRING IT WILL BE 3 YEARS THAT THE LAW HAS NOT BEEN ACTED ON. SO TALIBANI (PRESIDENT OF IRAQ) AND THE OIL MINISTER DID A SEMI SETTLEMENT. THEY OPEN UP THE PIPELINES AND SAID THAT 83% GOES TO THE GOI AND 17% STAYS WITH KURDISTAN. THEN PART II WAS THE OIL LAWS THAT DEALT WITH FOREIGN INVESTORS IN THE OIL INDUSTRY AND THEY BEING PROTECTED. SEE ALL OIL IN IRAQ IS NATIONALIZED, WHICH MEANS THE GOVT RUNS AND OWNS IT. AND, THE GOI WAS ONLY OFFERING 49% OF CONTROLLING INTEREST TO COMPANIES WHO WANTED TO INVEST IN THE OIL INDUSTRY WITH NO GUARANTEES THEY WOULDN'T OR COULDN'T BE BOOTED OUT AT ANYTIME AFTER PUTTING BILLIONS INTO IRAQ FOR OIL REFINERIES, ETC.
SO NO ONE JUMPED AT THE DEAL. AND IT WASTED ABOUT 3 MONTHS BEFORE IRAQ GOT THE HINT. THEY PASSED AMENDMENTS TO THE CURRENT OIL LAW THAT ALLOWED FOREIGN INVESTORS TO HAVE UP TO 75% CONTROLLING INTEREST. SO NO ONE JUMPED AT THE DEAL, AND IT WASTED ABOUT 3 MONTHS BEFORE IRAQ GOT THE HINT. THEY PASSED AMENDMENTS TO THE CURRENT OIL LAW THAT ALLOWED FOREIGN INVESTORS TO HAVE UP TO 75% CONTROLLING INTEREST. THEY COULD LEASE FOR UP TO 20 YRS. THEN THEY GOT PEOPLE TO COME IN.
WELL I THINK I WILL LEAVE IT AT THAT FOR NOW. I THINK THAT IS ALLOT TO DIGEST. I THANK YOU FOR YOU PATIENCE. GOOD BYE.
--------------------------------------------------------------------------------
18DELTA says to (15:38:26):
NOW I KNOW FOR A FACT THIS SOB IS GOING TO RV. NOW THE DAY? THAT IS ANOTHER STORY. IS THE CH INFO TRUSTWORTHY? YES IT IS. BUT UNTIL IT GETS RESOLVED AND MALIKI RELEASES IT. WE NEED TO GET ALONG.
AND THE REASON FOR NOT GETTING ALONG IS YOU ALL ARE NOT BUSY OR LEARNING. SO I AM GOING TO TEACH YOU ABOUT THIS INVESTMENT.
WE WILL GO FROM ALMOST THE BEGINNING SO YOU REALLY UNDERSTAND AND CAN SPEAK CONFIDENTLY ABOUT THE IQD LIKE I DO. I WILL START WITH THE IMF/IRAQ RELATIONSHIP. WHICH LASTED ALMOST 5 1/2 YRS. IT IS AS MANY OF YOU CALLED IT WAS THE SBA... STANDBY AGREEMENT. THE SBA WAS FUNDS THAT WERE AVAILABLE TO IRAQ BY THE IMF FOR STABILIZATION LOANS WHICH IRAQ NEVER USED ON PENNY OF.
NOW THE ACTUAL PROGRAM THAT IRAQ WAS UNDER WAS CALLED THE STABILIZATION PROGRAM FOR DEVELOPING COUNTRIES. WHAT WAS THAT PROGRAM ABOUT? IT IS A ECONOMIC AND MONETARY POLICY THAT WAS USED TO REDUCE INFLATION AND IMPROVE ON THE MAIN SECTOR OF REVENUES FOR THE COUNTRY OF IRAQ.
FIRST THE ECONOMIC WAS TO DIVERT ALL AVAILABLE FUNDING TO THE OIL DEVELOPMENT TO GENERATE REVENUES, TO KEEP THE GOI RUNNING AND ALLOW FOR SOME INFRASTRUCTURE DEVELOPMENT. BUT IN DOING SO HEALTH AND SOCIAL WELFARE AND EDUCATION PROGRAMS WERE STRIPPED OF MONEY. UNDER THIS POLICY UNEMPLOYMENT IS STILL HIGH THOUGH THE IMF PROGRAM DID A GOOD JOB IN ACTUALLY REDUCING THE 30 PLUS % UNEMPLOYMENT DOWN TO 18% BY THEN END OF THE SBA.
NOW NEXT IS THE MONETARY POLICY. THERE ARE ONLY TWO TYPES OF MONETARY POLICIES, CONTRACTIONARY AND EXPANSIONARY. THE IMF UNDER THIS PROGRAM USES A CONTRACTIONARY POLICY. THE REASON FOR IT IS TO INCREASE INTEREST RATES. STABILIZE THE CURRENCY PEGGED AGAINST THE USD AT A RATE OF 1/4% OF 1% MONTHLY AGAINST THE USD UNTIL JULY OF 08 WHEN IT WAS INCREASED TO 1/2 OF 1%. THE MAIN GOAL OF THIS POLICY IS TO REDUCE OR COMBAT HYPERINFLATION.
THE CENTRAL BANKS JOB IS TO REDUCE THE ACTUAL PHYSICAL CURRENCY WITHIN THE BORDERS OF IRAQ. BUT TO AUCTION OFF CURRENCY TO GENERATE REVENUE AND TO SELL OFF TBILLS AND CBI BILLS AND TO TRADE FOR FOREIGN CURRENCY ASSETS WHICH WILL BE EVENTUALLY USED TO PROTECT THE SUSTAINABILITY OF THE RV. NOW MANY OF THE STABILIZATION PROGRAMS FAIL WITH THE IMF FIRST TIME.
TURKEY, SOUTH KOREA AND ARGENTINA ALL DID, BUT IRAQ WAS TEXTBOOK SUCCESS UNDER THE IMF, AND ON MARCH 18TH WHEN THEY WERE RELEASED FROM THEIR AGREEMENT WITH THE IMF. THEY WERE TO GO TO PHASE II, WHICH WAS TO IMMEDIATELY CHANGE TO AN EXPANSIONARY MONETARY POLICY AND CHANGE TO A MARKET ECONOMY. WHICH BY THE WAY IS ACTUALLY PART OF THE IRAQI CONSTITUTION. IT CALLS FOR IRAQ TO HAVE A MARKET ECONOMY. YET THEY ARE IGNORING IT. NOW HEY DID NOT DO THIS. THEY CONTINUED TO AUCTION OFF IQD AT AN ALARMING RATE, MALIKI, HASHEMI, AND PARLIAMENT ASKED THEM AND ACTUALLY PLEADED WITH THEM FOR SEVERAL WEEKS TO STOP THE AUCTIONS. BUT THEN IT ALL WENT AWAY. THEN SHABIBI CAME OUT AND EXPLAINED WHAT HE WAS DOING.
THE AUCTIONS AS OF JANUARY WERE NOT FOR JUST REVENUES TO SUBSIDIZE THE IMPORTS THAT WERE NOT ALLOWED UNDER THE DFI. HE WAS USING DIFFERENT FORMS OF A MANAGED FLOAT TO CONTROL THE RATE AT 1170 AGAINST THE VOLATILE USD, WHICH HAD DROPPED .22 CENTS IN THE PAST YEAR. YET HE WAS ABLE TO KEEP THE IQD FROM PLUMMETING. AT THE SAME TIME CBI WAS REMOVING THE COUNTRIES DEPENDENCE ON THE USD. THEY WERE SLOWLY REDUCING THE LIQUIDITY ABROAD AND THE OVERAL USE OF THE USD FOR PURCHASES AND ENCOURAGING IRAQIS TO USE THE IQD INSTEAD.
NOW IT WAS HARD TO USE THE IQD SINCE THE ONLY WAY IT IS OF ANY USE IS TO PURCHASE SUBSIDIZED GOODS AND SERVICES. NOW THIS POLICY OF REMOVING THE USE OF USD WAS FINALLY DONE AND FINISHED BY THE 1ST WEEK OF OCTOBER 09. NOW INSIDE THE WIRE YES THE USD IS STILL USED AND IT IS ON THE BLACK MARKET AND THE AUCTIONS NOW HAVE VERY LITTLE TO DO WITH REVENUES FOR SUBSIDIES. THEY ARE ALMOST TOTALLY FOR THE MANAGEMENT OF THE IQD. THEY HAVE TRANSFERS OUT AND USD IN. NOW AS YOU KNOW MANY TIMES THERE IS NO USD. THAT MEANS NO IQD WAS AUCTIONED OFF. THE TRANSFERS OUT ARE FOR TBILLS AND CBI BILLS THAT THEY ARE PAYING OFF, AND FOR THE SWAP OF FOREIGN CURRENCY FOR FOREIGN CURRENCY ASSETS.
NOW RIGHT NOW IRAQ IS AT THE BRINK OF SOME MAJOR CHANGES. THE CBI HAS APPROVED AN RV. IT HAS BEEN HANDED OVER TO THE GOI, WHICH MEANS MALIKI. WHEN OR THE REASON THAT MALIKI WILL USE THE RV TO HIS BEST ADVANTAGE ONLY HE KNOWS.
NOW GOING BACK IN TIME, THERE ARE OR WERE SEVERAL MAJOR PIECES OF LEGISLATION THAT IRAQ NEEDED TO PASS. 1) HCL OR HYDROCARBON LAW, WHICH ENTAILED TWO PARTS. THE FIRST PART WAS THE REVENUE SHARING OF THE OIL SALES FROM KURDISTAN AND WHAT WAS FARE IN THE GOI AND KURDS EYES AS A SPLIT. WELL IT HASN'T GONE WELL. THIS SPRING IT WILL BE 3 YEARS THAT THE LAW HAS NOT BEEN ACTED ON. SO TALIBANI (PRESIDENT OF IRAQ) AND THE OIL MINISTER DID A SEMI SETTLEMENT. THEY OPEN UP THE PIPELINES AND SAID THAT 83% GOES TO THE GOI AND 17% STAYS WITH KURDISTAN. THEN PART II WAS THE OIL LAWS THAT DEALT WITH FOREIGN INVESTORS IN THE OIL INDUSTRY AND THEY BEING PROTECTED. SEE ALL OIL IN IRAQ IS NATIONALIZED, WHICH MEANS THE GOVT RUNS AND OWNS IT. AND, THE GOI WAS ONLY OFFERING 49% OF CONTROLLING INTEREST TO COMPANIES WHO WANTED TO INVEST IN THE OIL INDUSTRY WITH NO GUARANTEES THEY WOULDN'T OR COULDN'T BE BOOTED OUT AT ANYTIME AFTER PUTTING BILLIONS INTO IRAQ FOR OIL REFINERIES, ETC.
SO NO ONE JUMPED AT THE DEAL. AND IT WASTED ABOUT 3 MONTHS BEFORE IRAQ GOT THE HINT. THEY PASSED AMENDMENTS TO THE CURRENT OIL LAW THAT ALLOWED FOREIGN INVESTORS TO HAVE UP TO 75% CONTROLLING INTEREST. SO NO ONE JUMPED AT THE DEAL, AND IT WASTED ABOUT 3 MONTHS BEFORE IRAQ GOT THE HINT. THEY PASSED AMENDMENTS TO THE CURRENT OIL LAW THAT ALLOWED FOREIGN INVESTORS TO HAVE UP TO 75% CONTROLLING INTEREST. THEY COULD LEASE FOR UP TO 20 YRS. THEN THEY GOT PEOPLE TO COME IN.
WELL I THINK I WILL LEAVE IT AT THAT FOR NOW. I THINK THAT IS ALLOT TO DIGEST. I THANK YOU FOR YOU PATIENCE. GOOD BYE.
OKIE OIL MAN POST - KTF MIssions
HOWDY ALL! JUST A WORD TO THE WISE---WE MAY NEED TO STAY GROUNDED
A COUPLE OF DAY'S----------------OKIE
Post today at 8:18PM
A COUPLE OF DAY'S----------------OKIE
Post today at 8:18PM
WWMFG - KTF Missions
I talked to a teller friend / dinar owner at a local W/F this afternoon. He said that last week they were given paper work on identifying correct dinars. He also told me that select W/F banks locally were setup for accepting dinars as soon as they go public…
Now why would they set up the banks and do training, if it wasn’t going to happen soon. IMO…. I can’t see them training people for something that will happen month(s) down the road…
Now why would they set up the banks and do training, if it wasn’t going to happen soon. IMO…. I can’t see them training people for something that will happen month(s) down the road…
PHOENIX CHAT - Gold Rush
[11:02] Phoenix3333: this is going down right now
[11:02] Phoenix3333: have a plan get ready
[11:03] Phoenix3333: this IS happening
[11:03] flysky: we will soon be going from rags to riches just like Susan Boyle
[11:03] Phoenix3333: this IS REAL
[11:03] Phoenix3333: YES...you ARE about to be RICH
11:03] Phoenix3333: YES....you WERE right to hold and buy Iraqi Dinar
[11:03] dustbunny hoppin: I just hope Wells Fargo will exchange, otherwise I have to go from ND to UT!
[11:03] flysky: truly BLESSED
[11:03] Phoenix3333: YES this IS the END
[11:03] K8GJGB: Phoenix, new at this you keep talking about a plan do you have anything posted, want to be ready.
11:04] Phoenix3333: K8GJGB...no but I will put something in the Wealth Management section
[11:04] Phoenix3333: BRB
11:05] Phoenix3333: brb with suggestions
11:15] Gonna B Rich: where did dubai get that from
[11:15] CASHINN: Abu Dabi
[11:16] dustbunny hoppin: I thought the US...?
[11:16] hope today: http://finance.yahoo.com/news/Dubai-gets-10B-from-Abu-Dhabi-apf-3358167649.html?x=0
[11:16] dustbunny hoppin: oops
[11:16] Gonna B Rich: THX
[11:16] DreamRVway: http://www.google.com/hostednews/ap/article/ALeq Dubai
11:18] Phoenix3333: K8GJGB....here you go....http://www.estateplanningdr.com/learning.asp
[11:21] DreamRVway: just now showed bank meeting at White House on CNBC...may show some more after ads
[11:21] Phoenix3333: ok
[11:22] Phoenix3333: This is the big pre RV meeting
[11:22] Phoenix3333: anyone who cannot see that is blind
[11:22] Phoenix3333: also...IF you think that the news tells you what is going on and what meetings are about
[11:22] Phoenix3333: then you are brain washed
[11:22] dustbunny hoppin: showing on Fox now
[11:23] Obsession: what is
[11:23] dustbunny hoppin: done for awhile
[11:23] Phoenix3333: The bank meeting of the top 13 CEOs and Obama
[11:23] dustbunny hoppin: meeting with Obama
[11:23] Phoenix3333: This is the final set up
[11:24] DreamRVway: they had a video stream no sound...they were just curious who was there
[11:24] Phoenix3333: and ccordination odf action for the RV
[11:24] Phoenix3333: coordination
[11:25] Zazu lurking & working: Hey again guys.
[11:26] TRUTH: http://afterthegoldrush.lefora.com/2009/12/14/mon-morn-chat-with-phoenix-12-14-09-part-one/
[11:02] Phoenix3333: have a plan get ready
[11:03] Phoenix3333: this IS happening
[11:03] flysky: we will soon be going from rags to riches just like Susan Boyle
[11:03] Phoenix3333: this IS REAL
[11:03] Phoenix3333: YES...you ARE about to be RICH
11:03] Phoenix3333: YES....you WERE right to hold and buy Iraqi Dinar
[11:03] dustbunny hoppin: I just hope Wells Fargo will exchange, otherwise I have to go from ND to UT!
[11:03] flysky: truly BLESSED
[11:03] Phoenix3333: YES this IS the END
[11:03] K8GJGB: Phoenix, new at this you keep talking about a plan do you have anything posted, want to be ready.
11:04] Phoenix3333: K8GJGB...no but I will put something in the Wealth Management section
[11:04] Phoenix3333: BRB
11:05] Phoenix3333: brb with suggestions
11:15] Gonna B Rich: where did dubai get that from
[11:15] CASHINN: Abu Dabi
[11:16] dustbunny hoppin: I thought the US...?
[11:16] hope today: http://finance.yahoo.com/news/Dubai-gets-10B-from-Abu-Dhabi-apf-3358167649.html?x=0
[11:16] dustbunny hoppin: oops
[11:16] Gonna B Rich: THX
[11:16] DreamRVway: http://www.google.com/hostednews/ap/article/ALeq Dubai
11:18] Phoenix3333: K8GJGB....here you go....http://www.estateplanningdr.com/learning.asp
[11:21] DreamRVway: just now showed bank meeting at White House on CNBC...may show some more after ads
[11:21] Phoenix3333: ok
[11:22] Phoenix3333: This is the big pre RV meeting
[11:22] Phoenix3333: anyone who cannot see that is blind
[11:22] Phoenix3333: also...IF you think that the news tells you what is going on and what meetings are about
[11:22] Phoenix3333: then you are brain washed
[11:22] dustbunny hoppin: showing on Fox now
[11:23] Obsession: what is
[11:23] dustbunny hoppin: done for awhile
[11:23] Phoenix3333: The bank meeting of the top 13 CEOs and Obama
[11:23] dustbunny hoppin: meeting with Obama
[11:23] Phoenix3333: This is the final set up
[11:24] DreamRVway: they had a video stream no sound...they were just curious who was there
[11:24] Phoenix3333: and ccordination odf action for the RV
[11:24] Phoenix3333: coordination
[11:25] Zazu lurking & working: Hey again guys.
[11:26] TRUTH: http://afterthegoldrush.lefora.com/2009/12/14/mon-morn-chat-with-phoenix-12-14-09-part-one/
POSSOM - Dinar Vets
The word on the street in Baghdad is that everything is approved but their awaiting for the banks to finish training personnel to handle things.
He said the Iraqi's will not even take USD and its rumored to be at $3.33. I can't wait to cash in. Hopefully well all have a Merry Xmas!
He said the Iraqi's will not even take USD and its rumored to be at $3.33. I can't wait to cash in. Hopefully well all have a Merry Xmas!
FRANK POST - KTF Missions
Good evening KTFM Family,
IMO………my team will know when the RI happens and they will inform us. There is a high probability that it will occur in the early morning hours. Then for the start of the following business day ………..banks should see it on their screens. On that day banks will instantly go into the business of exchanging your dinars. Unfortunately they will have the low end of the spread. If this rate is suffice for you ………….then go ahead and cash out with whatever banks that you have worked a deal out with . Hopefully you will be getting a slightly higher rate because the bank will share some of the spread with you. Hopefully you have removed service charges, bank fees or any other trivial charges that a bank uses to profit from us. They should give up the profit TODAY ……….in order to have a relationship with you for a LIFETIME. On that first day………you will not be receiving KTFM’s email. It will come to you on the second day of The Three. Should you wait for it and not cash out at a local bank? That is solely up to you. Our email will have banks and rates that could possibly be higher………..than what you have worked out with your local bank. So maybe it would serve you well to wait for our email …………or cash out a small amount on the first day to test the waters. No matter what……….TAKE YOUR TIME!!! This theme is something that I have been drilling into you all year and in case you missed it, just one more time…………TAKE YOUR TIME !!! If we are only given 30 days to exchange……….it will not evaporate in 30 seconds………..TAKE YOUR TIME !!! IMO……it is extremely important that we learn from other people’s mistakes or proper procedures. The email will also contain the offices that KTFM is endorsing with Dinar Trades……..Ali. IMO………all of Ali’s offices will have the same rate………but not the same service. Do not ………I repeat ……….do not speak of this tonight. Trust me. So back to the first day………..some of you cashed out everything with your local banks on your own. Some of you are waiting for the next 24 hours for our mass email and to learn from what others have done in the first 24 hours. Have your material in order in this first day……….you should start doing this in advance. The only form that you will need for a wire transfer is a 104. Ali will have them but you can download them on the internet. Google 104 forms to find it. This way you can practice on one to develop a sense of comfort. They also have them at post offices and libraries. Get your little bag together and have all forms of ID ready. Have all your bank account numbers in order and your bank officers phone numbers handy. Not only the banks number but their personal cell number too. If you are cashing someone out by POA……….make sure you have that with you and their account numbers. Even an old electric bill that shows your name and address together would be advisable. Drivers license or passports would be good forms of ID. If you are traveling to a destination to exchange………..make your reservations for a hotel and for the exchange office on this day too. Whether you travel on the first or second day……..consider taking someone with you. It is not good to do the exchange by yourself. If you are there early enough…….go scout the place out. Look at the parking…….look at the doors…….emergency exits of the building. Understand what is in back of you without turning around…………as you walk forward. IMO…….the most important thing in the first 24 hours………is to find a church. If it’s closed……..find the parking lot of the church. This is God’s home………..go visit Him in this time of blessing. I plan to spend a good portion of time in my sanctuary sitting in the seats as I look around in wonder. Wondering………..just exactly how I am going to help this church and many others. Touch the walls……..caress the curtains…….tap the floors………..walk up to the cross. Humble yourself as you find a quiet place……….to give thanks. I did that on Mom’s birthday. I will also do that with my Father in Heaven.
By taking our time Family ……..believe it or not……..we will allow the banks to catch up with our knowledge. Many of you will be in a hurry to cash out and that is to be respected. Personally………I will be very curious to see the rate that Ali will offer us at his offices. Now……..does that mean that you have to wait until the second day of The Three before you know this rate…………..no. There is a very high probability that Ali will tell me the rate of his offices and I will post them in the first 24 hours. Does that mean that you can cash out with him in the first day just the way you may cash out at a local bank where you made a deal? Well it depends if we are talking about a location like Brentwood………..it is supposed to be ready right away. Where as his other offices may take up to 7 days to open………..as he has been telling us. There are too many variables…………too many unknown options to answer the Ali question. This is why when the mass email comes out I will have more to say to you on which of his offices we recommend.
Will the ISX derail the RI since they will be on vacation from Dec 22 to Jan 4th? Absolutely not. The stock exchange is a completely separate entity from the banks. If anything at all ………watch what happens to trading……….when they come back.
http://www.english.globalarabnetwork.com/Finance/
This site is showing the IQD to USD at 1 to 1. It does this conversion in either direction. It means nothing as far as the rate IMO. But it means a lot that it’s even up there in the first place. Data does not get inputted for the sake of it. Call them calculations or calibrations …………I just call it good.
Don’t forget Family the next time a bank tells you that the IQD is a scam…………tell them their IQ is low………..LOL. Actually the best line is to ask for their legal department’s phone number so that you can commence suing procedures to the bank……….since they sold them to you in the first place. It’s my favorite line and it seems to work every time.
Family........I'm not sure if this article will be talked about by our admins in the news section right after my post. I'm not going to comment on it because it needs not to be commented on. Just enjoy it.
http://translate.googleusercontent.c...wiRZRflT5T3stA
Yesterday was not the start of ………..The Three Days. I will be honest with you ……….I was certainly hoping that it would have been. Is the blessing coming tomorrow? According to my intel as of 8pm EST……….no. I do not like to give dates ………..but if I may………I have always fancied a Sunday and told you to get your bank officer’s cell phone number for this reason. This coming Sunday is the 20th………I will be 54 years old. I give M permission to make the announcement any time on that date…………or before………LOL.
KTF,
Frank
PS ~ For those of you concerned that you might miss the mass email………please add: ktfmissions@gmail.com to your contact list.
IMO………my team will know when the RI happens and they will inform us. There is a high probability that it will occur in the early morning hours. Then for the start of the following business day ………..banks should see it on their screens. On that day banks will instantly go into the business of exchanging your dinars. Unfortunately they will have the low end of the spread. If this rate is suffice for you ………….then go ahead and cash out with whatever banks that you have worked a deal out with . Hopefully you will be getting a slightly higher rate because the bank will share some of the spread with you. Hopefully you have removed service charges, bank fees or any other trivial charges that a bank uses to profit from us. They should give up the profit TODAY ……….in order to have a relationship with you for a LIFETIME. On that first day………you will not be receiving KTFM’s email. It will come to you on the second day of The Three. Should you wait for it and not cash out at a local bank? That is solely up to you. Our email will have banks and rates that could possibly be higher………..than what you have worked out with your local bank. So maybe it would serve you well to wait for our email …………or cash out a small amount on the first day to test the waters. No matter what……….TAKE YOUR TIME!!! This theme is something that I have been drilling into you all year and in case you missed it, just one more time…………TAKE YOUR TIME !!! If we are only given 30 days to exchange……….it will not evaporate in 30 seconds………..TAKE YOUR TIME !!! IMO……it is extremely important that we learn from other people’s mistakes or proper procedures. The email will also contain the offices that KTFM is endorsing with Dinar Trades……..Ali. IMO………all of Ali’s offices will have the same rate………but not the same service. Do not ………I repeat ……….do not speak of this tonight. Trust me. So back to the first day………..some of you cashed out everything with your local banks on your own. Some of you are waiting for the next 24 hours for our mass email and to learn from what others have done in the first 24 hours. Have your material in order in this first day……….you should start doing this in advance. The only form that you will need for a wire transfer is a 104. Ali will have them but you can download them on the internet. Google 104 forms to find it. This way you can practice on one to develop a sense of comfort. They also have them at post offices and libraries. Get your little bag together and have all forms of ID ready. Have all your bank account numbers in order and your bank officers phone numbers handy. Not only the banks number but their personal cell number too. If you are cashing someone out by POA……….make sure you have that with you and their account numbers. Even an old electric bill that shows your name and address together would be advisable. Drivers license or passports would be good forms of ID. If you are traveling to a destination to exchange………..make your reservations for a hotel and for the exchange office on this day too. Whether you travel on the first or second day……..consider taking someone with you. It is not good to do the exchange by yourself. If you are there early enough…….go scout the place out. Look at the parking…….look at the doors…….emergency exits of the building. Understand what is in back of you without turning around…………as you walk forward. IMO…….the most important thing in the first 24 hours………is to find a church. If it’s closed……..find the parking lot of the church. This is God’s home………..go visit Him in this time of blessing. I plan to spend a good portion of time in my sanctuary sitting in the seats as I look around in wonder. Wondering………..just exactly how I am going to help this church and many others. Touch the walls……..caress the curtains…….tap the floors………..walk up to the cross. Humble yourself as you find a quiet place……….to give thanks. I did that on Mom’s birthday. I will also do that with my Father in Heaven.
By taking our time Family ……..believe it or not……..we will allow the banks to catch up with our knowledge. Many of you will be in a hurry to cash out and that is to be respected. Personally………I will be very curious to see the rate that Ali will offer us at his offices. Now……..does that mean that you have to wait until the second day of The Three before you know this rate…………..no. There is a very high probability that Ali will tell me the rate of his offices and I will post them in the first 24 hours. Does that mean that you can cash out with him in the first day just the way you may cash out at a local bank where you made a deal? Well it depends if we are talking about a location like Brentwood………..it is supposed to be ready right away. Where as his other offices may take up to 7 days to open………..as he has been telling us. There are too many variables…………too many unknown options to answer the Ali question. This is why when the mass email comes out I will have more to say to you on which of his offices we recommend.
Will the ISX derail the RI since they will be on vacation from Dec 22 to Jan 4th? Absolutely not. The stock exchange is a completely separate entity from the banks. If anything at all ………watch what happens to trading……….when they come back.
http://www.english.globalarabnetwork.com/Finance/
This site is showing the IQD to USD at 1 to 1. It does this conversion in either direction. It means nothing as far as the rate IMO. But it means a lot that it’s even up there in the first place. Data does not get inputted for the sake of it. Call them calculations or calibrations …………I just call it good.
Don’t forget Family the next time a bank tells you that the IQD is a scam…………tell them their IQ is low………..LOL. Actually the best line is to ask for their legal department’s phone number so that you can commence suing procedures to the bank……….since they sold them to you in the first place. It’s my favorite line and it seems to work every time.
Family........I'm not sure if this article will be talked about by our admins in the news section right after my post. I'm not going to comment on it because it needs not to be commented on. Just enjoy it.
http://translate.googleusercontent.c...wiRZRflT5T3stA
Yesterday was not the start of ………..The Three Days. I will be honest with you ……….I was certainly hoping that it would have been. Is the blessing coming tomorrow? According to my intel as of 8pm EST……….no. I do not like to give dates ………..but if I may………I have always fancied a Sunday and told you to get your bank officer’s cell phone number for this reason. This coming Sunday is the 20th………I will be 54 years old. I give M permission to make the announcement any time on that date…………or before………LOL.
KTF,
Frank
PS ~ For those of you concerned that you might miss the mass email………please add: ktfmissions@gmail.com to your contact list.
PHOENIX CHAT - Gold Rush
[09:02] Phoenix3333: Hi
[09:02] Phoenix3333: so here we go
[09:02] Phoenix3333: down the home stretch
[09:03] Phoenix3333: any questions?
[09:03] Phoenix3333: everyone have a plan?
[09:03] Phoenix3333: yes on question or plan?
[09:03] Phoenix3333: I tell you what
[09:04] Phoenix3333: We do not have a lot on our chat but we have the smart people
[09:04] Phoenix3333: I was watch one chat...
[09:04] Phoenix3333: I was amazed at the lack of basic knowledge on the curret situation
[09:04] U.S.S.Hood1: do you have a link when Iraq was removed from the OFAC
[09:04] Phoenix3333: Hi TS
[09:04] U.S.S.Hood1: I have been looking for it
[09:04] warthog: i must hav ebeen on that chat
[09:05] Phoenix3333: I had it at one time
[09:05] DreamRVway: Dubai got $10 B http://www.google.com/hostednews/ap/article/ALeq
[09:05] TRUTH: hello again - this is better lol
[09:05] Phoenix3333: but it is somewhere on their site
[09:05] Phoenix3333: Looks like we may be getting set up to just go at the same time as the GCC common currency
[09:05] Phoenix3333: NOW
[09:05] Phoenix3333: let ne make this clear
[09:06] Phoenix3333: they are not starting the one currency right now
[09:06] Phoenix3333: BUIT
[09:06] Phoenix3333: they ARE going to start the ONE RATE
[09:06] U.S.S.Hood1: can I copy this?
[09:06] Phoenix3333: so they will all be moving into PAR
[09:06] Phoenix3333: Yes you may
[09:06] Phoenix3333: Now
[09:06] U.S.S.Hood1: thx
[09:06] Phoenix3333: Let me also make this very clear
[09:07] Phoenix3333: the GCC common currency has been in the active works for 10 YEARS
[09:07] Phoenix3333: this is not some overnight thing
[09:07] Phoenix3333: Lakehouse has done an outstanding job on the GCC
[09:08] Phoenix3333: and has laid out the exact timeline and rate for the common currency
[09:08] Phoenix3333: now back in June Lake found the ONLY article EVER that had the rate for the GCC common currency
[09:08] U.S.S.Hood1: which is?
[09:08] Phoenix3333: that rate then back in June of this year was projected to be $2.66
[09:08] Phoenix3333: now
[09:09] Phoenix3333: also
[09:10] Phoenix3333: this rate that has been seen in some places and is being reported to be $2.47 for the Iraqi Dinar
[09:10] Phoenix3333: that $2.47 I bet is the GCC rate
[09:10] Phoenix3333: so the Iraqi Dinar will start at the GCC rate
[09:10] Phoenix3333: which follows all logic
[09:11] Phoenix3333: also
[09:11] Phoenix3333: Iraq was one of the founding members of the GCC
[09:12] Phoenix3333: and has had a seat at every GCC meeting even during the guld wars but because of the actions against Kuwait they were rtemoved from active voting status
[09:12] Phoenix3333: BUT
[09:12] Phoenix3333: as of this past summer they were accepted BACK into the voting membership of the GCC and the announcment is yet to be made public
[09:12] Phoenix3333: SO
[09:13] Phoenix3333: all odf the GCC articles you have ever read about all of the meetings....Iraq was there at every single meeting
09:13] Phoenix3333: Now mone of this is speculation or rumor
[09:14] Phoenix3333: all I have just shared is 100% fact backed by articles with links
[09:14] Meebo Message: guest2343489 is now known as jgable01
[09:14] Meebo Message: guest774619 is now known as hamsrus
[09:14] Phoenix3333: sp we have the GCC meeting still going on right now and the Arab banking ministers are also all meeting
[09:15] Meebo Message: guest2264596 is now known as dustbunny hoppin
[09:15] Phoenix3333: I will have Lake house bump up all of her GCC info on her blog today for everyone
[09:15] Phoenix3333: now...
[09:15] spannster: All good info Phoenix
[09:15] hope today: thank you
[09:15] Phoenix3333: remember the time limit I was told we would have to cash in?
[09:16] warthog: yup
[09:16] Phoenix3333: I was told it would be no more than 48 days but no less than 7
[09:16] pencer: yes
[09:16] spannster: yes
[09:16] warthog: uh huh
[09:16] Phoenix3333: well the question I always had was why the spread?
[09:16] Phoenix3333: If there was a time limit just have a pre set time limit
[09:16] Phoenix3333: BUT
[09:17] Meebo Message: guest832882 is now known as Soready
[09:17] Phoenix3333: the reason there is a varible is because there is a DATE set that it must be done by
[09:17] Phoenix3333: My guess is that date will be December 31st
[09:17] Phoenix3333: so by January 1st the exchange of the larger notes must be complete
[09:18] U.S.S.Hood1: there is goes our 40 days into the toilet
[09:18] Phoenix3333: right now we hav 11 banking days left in the year
[09:18] Soready: large notes are all we have so notmuch time for us
[09:18] Phoenix3333: right now we hav 11 banking days left in the year
[09:18] Phoenix3333: if we were to go right down to the wire of 7 banking days in the year that would be a dead line for RV of December 21st
[09:19] Phoenix3333: Now
[09:19] Meebo Message: guest7316344 is now known as nventr
[09:19] Phoenix3333: if anyone things this is bulll crap think back to last week and North Korea
[09:19] Phoenix3333: How much time did they have to do the exchange?
[09:19] Phoenix3333: 7 days
[09:19] Soready: yep
[09:19] spannster: yup
[09:20] U.S.S.Hood1: substract holidays, weekends
[09:20] Phoenix3333: I was told by my source we will have as much as 48 days but no less than 7
[09:20] Phoenix3333: Banking days
[09:20] Phoenix3333: not calender days
[09:20] Phoenix3333: FULL banking days
[09:21] Phoenix3333: we will just have to see
[09:21] Phoenix3333: BUT do NOT mess around!
[09:21] U.S.S.Hood1: at 2.47 I won't hold my 50 dinars
[09:21] Phoenix3333: Have a plan....get to the BANK....exchange....see a lawyer
[09:21] Phoenix3333: fund accounts
[09:21] CC: ready
[09:22] Phoenix3333: WORK before PLAY!
[09:22] U.S.S.Hood1: insurance
[09:22] CC: so no more golf
[09:22] CC: until it pops
[09:22] CC: or once it pops
[09:22] Phoenix3333: Be a ******* with this and see what happens
[09:22] Phoenix3333: this is serious
[09:22] jwiden: Phoenix: Do you think that the GCC countries can actually make a decision this big in less than several years?
[09:22] Phoenix3333: this is not a joke
[09:23] Soready: this is a once in a lifetime opprotunity must be smart about it
[09:23] Phoenix3333: jwiden...no I do not...that is why they have been working on this for 10 years
[09:23] Phoenix3333: The GCC common Currency plan started 10 YEARS ago
[09:24] Phoenix3333: no they have not
[09:24] Phoenix3333: that was all smoke to stem currency speculation
[09:24] Phoenix3333: do you not know what they just put out?
[09:25] U.S.S.Hood1: I read back in May-June Iraq/Libya/N.Korea were taken out
[09:25] Phoenix3333: CC they just announced the change
[09:25] U.S.S.Hood1: they why they still appears? http://www.treas.gov/offices/enforce...q/answer.shtml
[09:25] Phoenix3333: so it will be
[09:25] CC: so could be anytime with change
[09:25] jwiden: I saw that Kawait was going to ask the UAE and OMan to join again
[09:26] Phoenix3333: CC they just annouced it yesterday
[09:26] U.S.S.Hood1: really???
[09:26] Phoenix3333: jwiden...they were never out
[09:26] Phoenix3333: yes
[09:26] U.S.S.Hood1: ok
[09:26] Phoenix3333: wow
[09:26] U.S.S.Hood1: cool, good news
[09:26] Phoenix3333: you guys did not know this?
[09:26] Phoenix3333: let me get it
[09:27] U.S.S.Hood1: no, I did not saw and only been reading news
[09:27] TRUTH: This is great info I will post in forum
[09:27] Meebo Message: guest4887438 is now known as debcaz
[09:27] debcaz: phoenix what is the difference between a Monetary currency value and a common value ****** said dont be confused by the difference and what does this mean for a RV?
[09:27] pencer: thx Truth
[09:27] DreamRVway: CNBC waiting for bank CEO's to arrive at White House
[09:27] U.S.S.Hood1: hey TS
[09:28] U.S.S.Hood1: will you post it?
[09:28] debcaz: phoenix what is the difference between a Monetary currency value and a common value ****** said dont be confused by the difference and what does this mean for a RV?
[09:28] CC: not understanding what it means for the rv
[09:28] Meebo Message: guest3268584 is now known as Racer
[09:28] TRUTH: oyes I will post in forum
[09:28] U.S.S.Hood1: thx
[09:28] Meebo Message: guest9484282 is now known as firefarmer
[09:28] Phoenix3333: Kuwait's Finance Minister Mustafa Al-Shamali said after the annual event the ministers reached an agreement to activate the monetary union agreement, a prelude to the initiated single Gulf currency.
[09:29] Phoenix3333: http://articlesofinterest-kelley.blo...eement-to.html
[09:29] Phoenix3333: There
[09:29] Phoenix3333: was done yesterday
[09:29] firefarmer:
[09:29] Wisemen: has left the room
[09:29] pencer:
[09:30] U.S.S.Hood1:
[09:30] Phoenix3333: Deb they are bringing all of the currencies on to par
[09:30] pencer: really big deal
[09:30] Racer: the article seems kinda vague
[09:30] Racer: am i missing something
[09:30] Phoenix3333: that means BEFORE the launch of the single currency they bring all of the exchanges rates to the same level or on "Par"
[09:30] debcaz: so does this have to do with an RV.....? sorry if i am being stupid
[09:31] Phoenix3333: so Kuwiat goes down UAE goes up
[09:31] U.S.S.Hood1: deb, **** yes
[09:31] Phoenix3333: and they meet in the middle at $2.47
[09:31] CASHINN: SOLD
[09:31] Lr4bama: so, what your saying is that when this takes place we should cash all the dinars we have in
[09:31] GameDog: PHX: Any truth to RUMOR of smaller dinar bills being leaked?
[09:31] U.S.S.Hood1: they all need to revaluate their currency on par
[09:31] CC: so all of the nations would bring there rate to 2.47 ex.
[09:31] Phoenix3333: Correct CC
[09:32] CC: would they go to a different currency other than the Dinar?
[09:32] Phoenix3333: In June of this year it was projected by the GCC that the rate would be $2.66
[09:32] debcaz: so thats what they mean by all currency are one rate
[09:32] dustbunny hoppin: so then the RATE is uniform in ME countries as prelude to changing the actual physical money when GCC comes in later
[09:32] Phoenix3333: so
[09:32] CC: or would they keep there same currencies and just would be at same value
[09:32] Phoenix3333: Correct DB
[09:33] Phoenix3333: They will do as the EU did and for a year or 2 have their own currencies AND the new one
[09:33] Phoenix3333: and then slowly phase out the national ones for the regional one
[09:33] CC: like being able to use the dinar and the us dollar
[09:33] CC: like before
[09:33] CC: but phase out the dinar
[09:34] pencer: down the road
[09:34] Phoenix3333: Deb Caz...what this has to do with the RV is Iraq will soon be announced as a full member once again of the GCC
[09:34] U.S.S.Hood1: http://www.business24-7.ae/Articles/...e06203d68.aspx
[09:34] U.S.S.Hood1: 2.66 !!!
[09:34] U.S.S.Hood1: thx Phx
[09:34] U.S.S.Hood1: so 2.47 would be below their estimated rate
[09:35] Phoenix3333: that was just an estimate from June
[09:35] debcaz: so to be a full member of the GCC you HAVE to have your own money (dinars) worth something
[09:35] Phoenix3333: and the $2.47 is a leaked sighting of the real deal
[09:35] pepperpotts: has left the room
[09:35] debcaz: so then it has to RV for them to became a full member
[09:36] Phoenix3333: Have you guys ever seen the pictures of the new Gulf Dinbar that Lakehouse posted?
[09:36] debcaz: i am getting this right?
[09:36] Phoenix3333: Dinar
[09:36] Phoenix3333: yes Derb
[09:36] Phoenix3333: so just relax and be ready
[09:36] Racer: So will we see an RV announcement or an announcement of Iraq joining the GCC?
[09:36] Phoenix3333: Yes
[09:37] Phoenix3333: we should see many things all at the same time
[09:37] debcaz: when are they suppose to JOIN the GCC?
[09:37] CC: so once they are announced as a member then soon to follow would be the rv
[09:37] Phoenix3333: The RV the removal of Article 7 the joining of the GCC and maybe even the HCL passed
[09:37] Phoenix3333: all within the same 24 hrs
[09:37] U.S.S.Hood1: Activate the plan agreed in June 2009, right Phx?
[09:37] pencer: lots of goodies!
[09:37] U.S.S.Hood1: this looks so good
[09:37] Doublebottoms: Phoenix, you are better than a double expresso this morning! Thank you, thank you !
[09:37] T124: so will the Amero be the currency for the US Mexico and canada
[09:38] debcaz: is their a date when this is supposed to happen?
[09:38] U.S.S.Hood1: no
[09:38] Phoenix3333: Deb it happen already
[09:38] missmandy: has left the room
[09:38] debcaz: huh....now you got me
[09:38] Phoenix3333: we posted it this in the forum months ago
[09:38] Phoenix3333: they are yet to make the formal announcment but all has been agreed upon
[09:38] debcaz: so why didnt they rv if it happened already
[09:38] Phoenix3333: One more time
[09:39] Phoenix3333: Iraq was one of the founding nmembers of the GCC many many years ago
[09:39] Phoenix3333: when Iraq attacked Kuwait they were removed from voting status
[09:39] Phoenix3333: BUT
[09:39] Meebo Message: guest134922 is now known as hiker
[09:39] Phoenix3333: Iraq has been at every GCC meeting...even during the Gulf war
[09:40] Meebo Message: guest8932909 is now known as beachgirl
[09:40] Phoenix3333: So every GCC meeting you have read about EVER Iraq was there
[09:40] U.S.S.Hood1: "Based on the European Union experience, I expect the new currency to be circulated along with the existing national currencies in the Gulf Cooperation Council,"
[09:40] Phoenix3333: even the meetings going on right now
[09:41] debcaz: cant they force them to RV
[09:42] Phoenix3333: August 22, 2009
Iraq return as a member of the Gulf Cooperation Council http://articlesofinterest-kelley.blo...r-of-gulf.html
[09:43] Meebo Message: guest4890067 is now known as jgrem73
[09:43] dustbunny hoppin: Thank you for your info and patience Phoenix
[09:43] Phoenix3333: Ok so the only question I have is will Iraq wait and go with all of the GCC at the same time? Or will they go first?
[09:43] Phoenix3333: YW DB
[09:43] Racer: At this point it would be harder for me to believe this will happen after 1/1/2010 than before, too many pointer to happening now
[09:44] debcaz: i was up until 2:00 am this morning...
[09:44] Phoenix3333: IF they go first is has to happen soon
[09:44] Phoenix3333: but IF they wait it will not happen until the weekend
[09:44] CC: when do you think the gcc will go with this common currency?
[09:44] Meebo Message: guest3042138 is now known as Kahuna
[09:44] Racer: common monetary value
[09:44] CC: before year end>
[09:44] Phoenix3333: they cannot change all of those currencies mid week
[09:44] CC: how many countries are in the gcc?
[09:45] Phoenix3333: CC the launch was to be January 1st 2010
[09:45] spannster: Phoenix if they go first will you move some money into another gcc currency?
[09:45] Phoenix3333: CC right now 6 but with Iraq as a formal member that makes 7
[09:45] Phoenix3333: spannster nope
[09:45] Phoenix3333: no time to
[09:45] CC: well that would be friggin awesome
[09:45] spannster: ok
[09:45] CC: lets hope it pops
[09:46] debcaz: ****** was saying last night that he heard from a friend that western union custom house in Victoria British Columbia that they said they were exchange today
[09:46] Phoenix3333: And so far that has not happened
[09:46] pencer: they are pacific time line
[09:47] Phoenix3333: S be raedy for anything at any time
[09:47] CASHINN: Ready
[09:47] Phoenix3333: Seems we have the rate $2.47
[09:47] CC: yes siree
[09:47] Phoenix3333: and seems we have a deadline as per my intel of the 7 days
[09:47] Phoenix3333: so no less than $2.47 no later than Dec 21st
[09:48] pencer: custom house opens soon
[09:48] Soready: sounds good to me
[09:48] CC: what is custom house pence?
[09:48] Soready: western union
[09:48] Phoenix3333: Correct
[09:48] debcaz: so do you think if it doesnt happen by today then we wait again for the end of the week?
[09:48] Gonna B Rich: 2 hrs est till they open
[09:48] CC: okay now trying to breathe
[09:48] Phoenix3333: and westren union is the only international money exchange contrat in Iraq
[09:49] dustbunny hoppin: western union bought custom house
[09:49] pencer: so prepare to woot
[09:49] Phoenix3333: they signed a huge deal a few months ago
[09:49] debcaz: so it can still happen in the middle of the day
[09:49] Phoenix3333: Deb....think Iraq time
[09:49] debcaz: phoenix...so do you think if it doesnt happen by today then we wait again for the end of the week?
[09:50] Phoenix3333: The middle of the day here is at night in Iraq when the banks and shops are closed
[09:50] debcaz: oh its 7:00 pm over their
[09:50] debcaz: your right once again
[09:50] Phoenix3333: correct Deb
[09:50] Phoenix3333: lol
[09:50] Phoenix3333: not on me being right
[09:50] Phoenix3333:
[09:50] debcaz: at lest you dont yell at us
[09:50] Phoenix3333: on the time
[09:50] debcaz: least
[09:51] Phoenix3333: who wants to yell?
[09:51] Phoenix3333:
debcaz: will lets say getting mad at us
debcaz: for being dumb
Phoenix3333: I get mad at me
dustbunny hoppin: warn me Phoenix so I can get out from under your couch when you jump on it ok?
Phoenix3333: because i have found if someone makes me upset I have a problem
[09:02] Phoenix3333: so here we go
[09:02] Phoenix3333: down the home stretch
[09:03] Phoenix3333: any questions?
[09:03] Phoenix3333: everyone have a plan?
[09:03] Phoenix3333: yes on question or plan?
[09:03] Phoenix3333: I tell you what
[09:04] Phoenix3333: We do not have a lot on our chat but we have the smart people
[09:04] Phoenix3333: I was watch one chat...
[09:04] Phoenix3333: I was amazed at the lack of basic knowledge on the curret situation
[09:04] U.S.S.Hood1: do you have a link when Iraq was removed from the OFAC
[09:04] Phoenix3333: Hi TS
[09:04] U.S.S.Hood1: I have been looking for it
[09:04] warthog: i must hav ebeen on that chat
[09:05] Phoenix3333: I had it at one time
[09:05] DreamRVway: Dubai got $10 B http://www.google.com/hostednews/ap/article/ALeq
[09:05] TRUTH: hello again - this is better lol
[09:05] Phoenix3333: but it is somewhere on their site
[09:05] Phoenix3333: Looks like we may be getting set up to just go at the same time as the GCC common currency
[09:05] Phoenix3333: NOW
[09:05] Phoenix3333: let ne make this clear
[09:06] Phoenix3333: they are not starting the one currency right now
[09:06] Phoenix3333: BUIT
[09:06] Phoenix3333: they ARE going to start the ONE RATE
[09:06] U.S.S.Hood1: can I copy this?
[09:06] Phoenix3333: so they will all be moving into PAR
[09:06] Phoenix3333: Yes you may
[09:06] Phoenix3333: Now
[09:06] U.S.S.Hood1: thx
[09:06] Phoenix3333: Let me also make this very clear
[09:07] Phoenix3333: the GCC common currency has been in the active works for 10 YEARS
[09:07] Phoenix3333: this is not some overnight thing
[09:07] Phoenix3333: Lakehouse has done an outstanding job on the GCC
[09:08] Phoenix3333: and has laid out the exact timeline and rate for the common currency
[09:08] Phoenix3333: now back in June Lake found the ONLY article EVER that had the rate for the GCC common currency
[09:08] U.S.S.Hood1: which is?
[09:08] Phoenix3333: that rate then back in June of this year was projected to be $2.66
[09:08] Phoenix3333: now
[09:09] Phoenix3333: also
[09:10] Phoenix3333: this rate that has been seen in some places and is being reported to be $2.47 for the Iraqi Dinar
[09:10] Phoenix3333: that $2.47 I bet is the GCC rate
[09:10] Phoenix3333: so the Iraqi Dinar will start at the GCC rate
[09:10] Phoenix3333: which follows all logic
[09:11] Phoenix3333: also
[09:11] Phoenix3333: Iraq was one of the founding members of the GCC
[09:12] Phoenix3333: and has had a seat at every GCC meeting even during the guld wars but because of the actions against Kuwait they were rtemoved from active voting status
[09:12] Phoenix3333: BUT
[09:12] Phoenix3333: as of this past summer they were accepted BACK into the voting membership of the GCC and the announcment is yet to be made public
[09:12] Phoenix3333: SO
[09:13] Phoenix3333: all odf the GCC articles you have ever read about all of the meetings....Iraq was there at every single meeting
09:13] Phoenix3333: Now mone of this is speculation or rumor
[09:14] Phoenix3333: all I have just shared is 100% fact backed by articles with links
[09:14] Meebo Message: guest2343489 is now known as jgable01
[09:14] Meebo Message: guest774619 is now known as hamsrus
[09:14] Phoenix3333: sp we have the GCC meeting still going on right now and the Arab banking ministers are also all meeting
[09:15] Meebo Message: guest2264596 is now known as dustbunny hoppin
[09:15] Phoenix3333: I will have Lake house bump up all of her GCC info on her blog today for everyone
[09:15] Phoenix3333: now...
[09:15] spannster: All good info Phoenix
[09:15] hope today: thank you
[09:15] Phoenix3333: remember the time limit I was told we would have to cash in?
[09:16] warthog: yup
[09:16] Phoenix3333: I was told it would be no more than 48 days but no less than 7
[09:16] pencer: yes
[09:16] spannster: yes
[09:16] warthog: uh huh
[09:16] Phoenix3333: well the question I always had was why the spread?
[09:16] Phoenix3333: If there was a time limit just have a pre set time limit
[09:16] Phoenix3333: BUT
[09:17] Meebo Message: guest832882 is now known as Soready
[09:17] Phoenix3333: the reason there is a varible is because there is a DATE set that it must be done by
[09:17] Phoenix3333: My guess is that date will be December 31st
[09:17] Phoenix3333: so by January 1st the exchange of the larger notes must be complete
[09:18] U.S.S.Hood1: there is goes our 40 days into the toilet
[09:18] Phoenix3333: right now we hav 11 banking days left in the year
[09:18] Soready: large notes are all we have so notmuch time for us
[09:18] Phoenix3333: right now we hav 11 banking days left in the year
[09:18] Phoenix3333: if we were to go right down to the wire of 7 banking days in the year that would be a dead line for RV of December 21st
[09:19] Phoenix3333: Now
[09:19] Meebo Message: guest7316344 is now known as nventr
[09:19] Phoenix3333: if anyone things this is bulll crap think back to last week and North Korea
[09:19] Phoenix3333: How much time did they have to do the exchange?
[09:19] Phoenix3333: 7 days
[09:19] Soready: yep
[09:19] spannster: yup
[09:20] U.S.S.Hood1: substract holidays, weekends
[09:20] Phoenix3333: I was told by my source we will have as much as 48 days but no less than 7
[09:20] Phoenix3333: Banking days
[09:20] Phoenix3333: not calender days
[09:20] Phoenix3333: FULL banking days
[09:21] Phoenix3333: we will just have to see
[09:21] Phoenix3333: BUT do NOT mess around!
[09:21] U.S.S.Hood1: at 2.47 I won't hold my 50 dinars
[09:21] Phoenix3333: Have a plan....get to the BANK....exchange....see a lawyer
[09:21] Phoenix3333: fund accounts
[09:21] CC: ready
[09:22] Phoenix3333: WORK before PLAY!
[09:22] U.S.S.Hood1: insurance
[09:22] CC: so no more golf
[09:22] CC: until it pops
[09:22] CC: or once it pops
[09:22] Phoenix3333: Be a ******* with this and see what happens
[09:22] Phoenix3333: this is serious
[09:22] jwiden: Phoenix: Do you think that the GCC countries can actually make a decision this big in less than several years?
[09:22] Phoenix3333: this is not a joke
[09:23] Soready: this is a once in a lifetime opprotunity must be smart about it
[09:23] Phoenix3333: jwiden...no I do not...that is why they have been working on this for 10 years
[09:23] Phoenix3333: The GCC common Currency plan started 10 YEARS ago
[09:24] Phoenix3333: no they have not
[09:24] Phoenix3333: that was all smoke to stem currency speculation
[09:24] Phoenix3333: do you not know what they just put out?
[09:25] U.S.S.Hood1: I read back in May-June Iraq/Libya/N.Korea were taken out
[09:25] Phoenix3333: CC they just announced the change
[09:25] U.S.S.Hood1: they why they still appears? http://www.treas.gov/offices/enforce...q/answer.shtml
[09:25] Phoenix3333: so it will be
[09:25] CC: so could be anytime with change
[09:25] jwiden: I saw that Kawait was going to ask the UAE and OMan to join again
[09:26] Phoenix3333: CC they just annouced it yesterday
[09:26] U.S.S.Hood1: really???
[09:26] Phoenix3333: jwiden...they were never out
[09:26] Phoenix3333: yes
[09:26] U.S.S.Hood1: ok
[09:26] Phoenix3333: wow
[09:26] U.S.S.Hood1: cool, good news
[09:26] Phoenix3333: you guys did not know this?
[09:26] Phoenix3333: let me get it
[09:27] U.S.S.Hood1: no, I did not saw and only been reading news
[09:27] TRUTH: This is great info I will post in forum
[09:27] Meebo Message: guest4887438 is now known as debcaz
[09:27] debcaz: phoenix what is the difference between a Monetary currency value and a common value ****** said dont be confused by the difference and what does this mean for a RV?
[09:27] pencer: thx Truth
[09:27] DreamRVway: CNBC waiting for bank CEO's to arrive at White House
[09:27] U.S.S.Hood1: hey TS
[09:28] U.S.S.Hood1: will you post it?
[09:28] debcaz: phoenix what is the difference between a Monetary currency value and a common value ****** said dont be confused by the difference and what does this mean for a RV?
[09:28] CC: not understanding what it means for the rv
[09:28] Meebo Message: guest3268584 is now known as Racer
[09:28] TRUTH: oyes I will post in forum
[09:28] U.S.S.Hood1: thx
[09:28] Meebo Message: guest9484282 is now known as firefarmer
[09:28] Phoenix3333: Kuwait's Finance Minister Mustafa Al-Shamali said after the annual event the ministers reached an agreement to activate the monetary union agreement, a prelude to the initiated single Gulf currency.
[09:29] Phoenix3333: http://articlesofinterest-kelley.blo...eement-to.html
[09:29] Phoenix3333: There
[09:29] Phoenix3333: was done yesterday
[09:29] firefarmer:
[09:29] Wisemen: has left the room
[09:29] pencer:
[09:30] U.S.S.Hood1:
[09:30] Phoenix3333: Deb they are bringing all of the currencies on to par
[09:30] pencer: really big deal
[09:30] Racer: the article seems kinda vague
[09:30] Racer: am i missing something
[09:30] Phoenix3333: that means BEFORE the launch of the single currency they bring all of the exchanges rates to the same level or on "Par"
[09:30] debcaz: so does this have to do with an RV.....? sorry if i am being stupid
[09:31] Phoenix3333: so Kuwiat goes down UAE goes up
[09:31] U.S.S.Hood1: deb, **** yes
[09:31] Phoenix3333: and they meet in the middle at $2.47
[09:31] CASHINN: SOLD
[09:31] Lr4bama: so, what your saying is that when this takes place we should cash all the dinars we have in
[09:31] GameDog: PHX: Any truth to RUMOR of smaller dinar bills being leaked?
[09:31] U.S.S.Hood1: they all need to revaluate their currency on par
[09:31] CC: so all of the nations would bring there rate to 2.47 ex.
[09:31] Phoenix3333: Correct CC
[09:32] CC: would they go to a different currency other than the Dinar?
[09:32] Phoenix3333: In June of this year it was projected by the GCC that the rate would be $2.66
[09:32] debcaz: so thats what they mean by all currency are one rate
[09:32] dustbunny hoppin: so then the RATE is uniform in ME countries as prelude to changing the actual physical money when GCC comes in later
[09:32] Phoenix3333: so
[09:32] CC: or would they keep there same currencies and just would be at same value
[09:32] Phoenix3333: Correct DB
[09:33] Phoenix3333: They will do as the EU did and for a year or 2 have their own currencies AND the new one
[09:33] Phoenix3333: and then slowly phase out the national ones for the regional one
[09:33] CC: like being able to use the dinar and the us dollar
[09:33] CC: like before
[09:33] CC: but phase out the dinar
[09:34] pencer: down the road
[09:34] Phoenix3333: Deb Caz...what this has to do with the RV is Iraq will soon be announced as a full member once again of the GCC
[09:34] U.S.S.Hood1: http://www.business24-7.ae/Articles/...e06203d68.aspx
[09:34] U.S.S.Hood1: 2.66 !!!
[09:34] U.S.S.Hood1: thx Phx
[09:34] U.S.S.Hood1: so 2.47 would be below their estimated rate
[09:35] Phoenix3333: that was just an estimate from June
[09:35] debcaz: so to be a full member of the GCC you HAVE to have your own money (dinars) worth something
[09:35] Phoenix3333: and the $2.47 is a leaked sighting of the real deal
[09:35] pepperpotts: has left the room
[09:35] debcaz: so then it has to RV for them to became a full member
[09:36] Phoenix3333: Have you guys ever seen the pictures of the new Gulf Dinbar that Lakehouse posted?
[09:36] debcaz: i am getting this right?
[09:36] Phoenix3333: Dinar
[09:36] Phoenix3333: yes Derb
[09:36] Phoenix3333: so just relax and be ready
[09:36] Racer: So will we see an RV announcement or an announcement of Iraq joining the GCC?
[09:36] Phoenix3333: Yes
[09:37] Phoenix3333: we should see many things all at the same time
[09:37] debcaz: when are they suppose to JOIN the GCC?
[09:37] CC: so once they are announced as a member then soon to follow would be the rv
[09:37] Phoenix3333: The RV the removal of Article 7 the joining of the GCC and maybe even the HCL passed
[09:37] Phoenix3333: all within the same 24 hrs
[09:37] U.S.S.Hood1: Activate the plan agreed in June 2009, right Phx?
[09:37] pencer: lots of goodies!
[09:37] U.S.S.Hood1: this looks so good
[09:37] Doublebottoms: Phoenix, you are better than a double expresso this morning! Thank you, thank you !
[09:37] T124: so will the Amero be the currency for the US Mexico and canada
[09:38] debcaz: is their a date when this is supposed to happen?
[09:38] U.S.S.Hood1: no
[09:38] Phoenix3333: Deb it happen already
[09:38] missmandy: has left the room
[09:38] debcaz: huh....now you got me
[09:38] Phoenix3333: we posted it this in the forum months ago
[09:38] Phoenix3333: they are yet to make the formal announcment but all has been agreed upon
[09:38] debcaz: so why didnt they rv if it happened already
[09:38] Phoenix3333: One more time
[09:39] Phoenix3333: Iraq was one of the founding nmembers of the GCC many many years ago
[09:39] Phoenix3333: when Iraq attacked Kuwait they were removed from voting status
[09:39] Phoenix3333: BUT
[09:39] Meebo Message: guest134922 is now known as hiker
[09:39] Phoenix3333: Iraq has been at every GCC meeting...even during the Gulf war
[09:40] Meebo Message: guest8932909 is now known as beachgirl
[09:40] Phoenix3333: So every GCC meeting you have read about EVER Iraq was there
[09:40] U.S.S.Hood1: "Based on the European Union experience, I expect the new currency to be circulated along with the existing national currencies in the Gulf Cooperation Council,"
[09:40] Phoenix3333: even the meetings going on right now
[09:41] debcaz: cant they force them to RV
[09:42] Phoenix3333: August 22, 2009
Iraq return as a member of the Gulf Cooperation Council http://articlesofinterest-kelley.blo...r-of-gulf.html
[09:43] Meebo Message: guest4890067 is now known as jgrem73
[09:43] dustbunny hoppin: Thank you for your info and patience Phoenix
[09:43] Phoenix3333: Ok so the only question I have is will Iraq wait and go with all of the GCC at the same time? Or will they go first?
[09:43] Phoenix3333: YW DB
[09:43] Racer: At this point it would be harder for me to believe this will happen after 1/1/2010 than before, too many pointer to happening now
[09:44] debcaz: i was up until 2:00 am this morning...
[09:44] Phoenix3333: IF they go first is has to happen soon
[09:44] Phoenix3333: but IF they wait it will not happen until the weekend
[09:44] CC: when do you think the gcc will go with this common currency?
[09:44] Meebo Message: guest3042138 is now known as Kahuna
[09:44] Racer: common monetary value
[09:44] CC: before year end>
[09:44] Phoenix3333: they cannot change all of those currencies mid week
[09:44] CC: how many countries are in the gcc?
[09:45] Phoenix3333: CC the launch was to be January 1st 2010
[09:45] spannster: Phoenix if they go first will you move some money into another gcc currency?
[09:45] Phoenix3333: CC right now 6 but with Iraq as a formal member that makes 7
[09:45] Phoenix3333: spannster nope
[09:45] Phoenix3333: no time to
[09:45] CC: well that would be friggin awesome
[09:45] spannster: ok
[09:45] CC: lets hope it pops
[09:46] debcaz: ****** was saying last night that he heard from a friend that western union custom house in Victoria British Columbia that they said they were exchange today
[09:46] Phoenix3333: And so far that has not happened
[09:46] pencer: they are pacific time line
[09:47] Phoenix3333: S be raedy for anything at any time
[09:47] CASHINN: Ready
[09:47] Phoenix3333: Seems we have the rate $2.47
[09:47] CC: yes siree
[09:47] Phoenix3333: and seems we have a deadline as per my intel of the 7 days
[09:47] Phoenix3333: so no less than $2.47 no later than Dec 21st
[09:48] pencer: custom house opens soon
[09:48] Soready: sounds good to me
[09:48] CC: what is custom house pence?
[09:48] Soready: western union
[09:48] Phoenix3333: Correct
[09:48] debcaz: so do you think if it doesnt happen by today then we wait again for the end of the week?
[09:48] Gonna B Rich: 2 hrs est till they open
[09:48] CC: okay now trying to breathe
[09:48] Phoenix3333: and westren union is the only international money exchange contrat in Iraq
[09:49] dustbunny hoppin: western union bought custom house
[09:49] pencer: so prepare to woot
[09:49] Phoenix3333: they signed a huge deal a few months ago
[09:49] debcaz: so it can still happen in the middle of the day
[09:49] Phoenix3333: Deb....think Iraq time
[09:49] debcaz: phoenix...so do you think if it doesnt happen by today then we wait again for the end of the week?
[09:50] Phoenix3333: The middle of the day here is at night in Iraq when the banks and shops are closed
[09:50] debcaz: oh its 7:00 pm over their
[09:50] debcaz: your right once again
[09:50] Phoenix3333: correct Deb
[09:50] Phoenix3333: lol
[09:50] Phoenix3333: not on me being right
[09:50] Phoenix3333:
[09:50] debcaz: at lest you dont yell at us
[09:50] Phoenix3333: on the time
[09:50] debcaz: least
[09:51] Phoenix3333: who wants to yell?
[09:51] Phoenix3333:
debcaz: will lets say getting mad at us
debcaz: for being dumb
Phoenix3333: I get mad at me
dustbunny hoppin: warn me Phoenix so I can get out from under your couch when you jump on it ok?
Phoenix3333: because i have found if someone makes me upset I have a problem
JOCKO129 POST
On dec 8 2009 Shabibi met with united nations officials to disscus the real and just value of the dinar. In which what happened on the meeting nor the results. still do not have results of the real value of the dinar. Sooo the value is out there but not anounnced.
Also...... United Nation is having their normal operations emit and assign the NEW operational rate on dec 11, to the rest 11 members of states from united nations, with great enfasis on on iraq, it is then speculated that the dinar has a new value. Because........ it is very specified on the tables of United nations of the changes emited on dec 11 and its next date of effectivess will at or after dec 15.
In another words we are in full alert!!!!!!!!!!!!!!!! pass dec 15, by then central bank shabibi will be able to now the new rate of IDQ into all the pertinent agencies before year ends. We all know that the limit date is dec 29 with effective date dec31. Still there is an option since all the 11 state member must revise their rates on or before this limited date. To start the new operational proposal for 2010,2012, of the united nations..... and all dates are in simulstaniously together with liberation of the sanctions that iraq has together with chapter 7, that will be due before the year ends, which are necesary to end this proccess.
Remember: THIS ARE SPECULATIONS!!!!
Also...... United Nation is having their normal operations emit and assign the NEW operational rate on dec 11, to the rest 11 members of states from united nations, with great enfasis on on iraq, it is then speculated that the dinar has a new value. Because........ it is very specified on the tables of United nations of the changes emited on dec 11 and its next date of effectivess will at or after dec 15.
In another words we are in full alert!!!!!!!!!!!!!!!! pass dec 15, by then central bank shabibi will be able to now the new rate of IDQ into all the pertinent agencies before year ends. We all know that the limit date is dec 29 with effective date dec31. Still there is an option since all the 11 state member must revise their rates on or before this limited date. To start the new operational proposal for 2010,2012, of the united nations..... and all dates are in simulstaniously together with liberation of the sanctions that iraq has together with chapter 7, that will be due before the year ends, which are necesary to end this proccess.
Remember: THIS ARE SPECULATIONS!!!!
SFMEDIC CHAT
12/14 12:58am CST
HEY EVERYONE, NOW ACCORDING TO THE INFORMATION, THE ONLY CURRENCY WE CARE ABOUT IS TO REVALUE SOMETIME AROUND 1AM CST. THIS WAS REPORTED ON MIDDLE EASTERN TV IN IRAQ AND THROUGH OUT THE MIDDLE EAST. THE RATE WAS NOT GIVEN, BUT IT IS A COMMON MONETARY VALUE, NOT A COMMON CURRENCY.
Here we go again.....Monday morning 1am CST a interesting event is suppose to happen....I just heard on the TV (Middle east news channel) on Direct TV that a monetary currency value is going to be set for "ALL" Arabian Gulf nations
This includes all of them....even Iraq. This move is suppose to align all countries involved to allow commerce trade to emerge between all Arabian Nations, thus allowing them to internationally trade world wide. They are hoping this will ease the pressure from Dubai, Iraq and Qutar
So, GO CURRENCY GO...I believe it this time, I heard it with my own two ears......RV,RV,RV, please.
Bonifide truth of an actually Arabic Channel through Direct TV. http://www.directv.com/DTVAPP/global...ssetId=2980007
THAT IS IT GANG
------------------------------------------------------------------------------------------
12/14 1:20am CST
Now, I have some info from Iraq from yesterday. I just talked to my bro-in-law. He said that the nationals, Indies, and others were buying up IQD on the base. He said they make about 500-800 USD/month, but were spending $3K for IQD. Now that speaks volumes!
HEY EVERYONE, NOW ACCORDING TO THE INFORMATION, THE ONLY CURRENCY WE CARE ABOUT IS TO REVALUE SOMETIME AROUND 1AM CST. THIS WAS REPORTED ON MIDDLE EASTERN TV IN IRAQ AND THROUGH OUT THE MIDDLE EAST. THE RATE WAS NOT GIVEN, BUT IT IS A COMMON MONETARY VALUE, NOT A COMMON CURRENCY.
Here we go again.....Monday morning 1am CST a interesting event is suppose to happen....I just heard on the TV (Middle east news channel) on Direct TV that a monetary currency value is going to be set for "ALL" Arabian Gulf nations
This includes all of them....even Iraq. This move is suppose to align all countries involved to allow commerce trade to emerge between all Arabian Nations, thus allowing them to internationally trade world wide. They are hoping this will ease the pressure from Dubai, Iraq and Qutar
So, GO CURRENCY GO...I believe it this time, I heard it with my own two ears......RV,RV,RV, please.
Bonifide truth of an actually Arabic Channel through Direct TV. http://www.directv.com/DTVAPP/global...ssetId=2980007
THAT IS IT GANG
------------------------------------------------------------------------------------------
12/14 1:20am CST
Now, I have some info from Iraq from yesterday. I just talked to my bro-in-law. He said that the nationals, Indies, and others were buying up IQD on the base. He said they make about 500-800 USD/month, but were spending $3K for IQD. Now that speaks volumes!
PACMAN POST - KTF Missions
posted by pacman on ktfm on 121309
Good evening KTFM.
If you don't mind, I have some information that I would like to share with all of you. This info was brought to my attention from an undisclosed source and my faith will not allow its validity to be questioned.
I am not presenting this as fact and my only desire is to open this up for discussion and hopefully get some feedback, good or bad.
Lets start with what we know as fact:
1 USD = 1170 IQD
1 IQD = .00086????
The IQD is directly valued and or pegged against the USD. The introduction of the NID was on OCT 15, 2003 and exchanged for the old Sadam notes. The exchange period was 90 days and ended on JAN 15, 2004. At the time of intro it was valued somewhere in the neighborhood of 1700 IQD to 1 USD.
The value was based solely on the USD. The US pumped USD into the Iraqi economy giving the IQD its value. It was the responsibility of the CBI to manage the new currency, circulation, exchange and sustainability. In order to do this, they set up the infamous CBI auction. The 1st auction was held on JAN 5, 2004 at a market rate of 1695 per USD. The participating banks were buying the IQD with US dollars. This is how it was put into circulation. As the demand grew for the IQD, the CBI began vacuuming the USD out of circulation and the value of the IQD began to appreciate rather quickly.
On JAN 14, 2004 with one day remaining for the exchange of old notes, The demand hit the roof and the IQD experienced a sharp appreciation to 1170 IQD per USD. The CBI immediately pumped more USD into the economy dropping the rate back to what they claimed was sustainable at the time. They could not allow it to appreciate beyond the 1170 and brought it back down to previous levels, around 1400 at the time.
WHY YOU ASK?
I believe the answer is two fold. The stability was questionable and there was..................A.......PLAN!
1 USD = 1170 IQD
1 IQD = .00086???
Keep in mind the real value of the USD, .86 at the time.
Over the next 5 years the IQD slowly appreciated as the CBI allowed it to. Almost exactly 5 years later on JAN 18, 2009 the CBI locks down to the 1170 rate that they have allowed the IQD to appreciate to. Since then the rate has not even had a pip.
HERE IS WHY:
1 IQD = .00086???.............. Now, move the decimal 3 places to the right.
Now Reverse
1 USD = 1170 IQD................Now move decimal 3 places to left.
Now reverse IQD and USD
1 IQD = 1.17 USD
1 USD = .86 IQD.......................... Now do the math.
.86% of 117 = 1 USD
Hmmmmmmmm.............Could this be our new rate?
If the CBI allowed the IQD to continue appreciating below 1000 per USD, When they carried out the plan and reversed it, the IQD would be worth less than the USD, thus defeating the plan and the purpose of having their own currency. In order to increase demand and confidence of their own currency it has to be worth more than the USD. That would be like us deciding to use pesos. To truly dedollarize, the IQD has to be worth more or you just create a black market, along with more corruption than they already have.
Now please, consider the simplicity of this plan. The act of implementation is so smooth a caveman could figure it out..... Sorry Geico............
The entire market and vendors move their decimals 3 places and Bing Batta Bang Their back in business with even a little more profit built right in. Everyone is happy and Iraqi 's love their dinar............
Up until now the entire Iraqi economy has been based on the amount of USD pumped into it. Now the CBI is vacuuming the USD out of the economy and replacing it with IQD.
They are reversing the process. Lets call it.............
REVERSE CURRENCY IMPLEMENTATION.
Its kinda like.............jump starting someones car.
Hook up your good battery to theirs, give it some juice and WA LA, they are up and running, you disconnect your battery from theres and your off and they are on their own. Hopefully their democracy(alternator) will keep it charged. lol
Its all too simple if you ask me...
The current value of the IQD has nothing to do with their GDP or their oil, its all based on their reserves. The good news........ Thats all about to change!
Now if you go to this link:
http://www.cbi.iq/pdf/C.B.I.%20FOREI...20AUCTIONS.pdf
You will see this at the heading:
AUCTIONS + C711
NOW, REVERSE IT................ YEP....................117........
Coincidence?...............You tell me.
If you have read the article from the economist based out of the university in Iraq, He believes the exchange rate should be in the $1.13 range. I will let you decide what the media really leaks to the people of Iraq or not.
Free Press, whats that? You mean I don't have to pay for it?.......lol
I think they may have been planting a seed.
If you have read any of my previous posts, I have no doubt that Iraq will implement a plan to achieve a 3+ rate to rival their neighbors. Its how they are going to get there that I have questioned.
Now with all that said, If the info is correct there are two scenario's as to how this will play out.
#1.... We get to cash in at 1.17 and the CBI turns the vacuum back on and removes the majority of speculators and large denoms from the market. I believe there would be a 90 day window for us to cash out our large notes. They tend to give 90 days for exchange there in Iraq and I can see history repeating itself. When they have managed to take all the large notes out of circulation they will have the option to tie the IQD to their new found wealth, GDP and OIL. They can either float or RI/RV at that time, giving much less detriment to speculation with a rate of 1.17 and elimation of large denoms.
#1 gets my vote.
#2 Please understand I am not advocating the "L" theory. If you choose to go down that road you are doing it of your own accord. My previous posts have voiced my opinion on this and why I don't believe it will happen.
Yes, moving the decimal does eliminate 3 zeros, but along with Franks intel, if there are lower denoms in circulation already, 1,5,10,25, then that would defeat the whole purpose of a "L"! And what of the 50,100,250,500?
Worst case scenario, you still make a 17% profit on your money.
What option would you vote for?
Speaking of votes, don't they have an election coming up soon, I wonder how they are going to win votes.
Now this is not being posted with any malice or ill intent. I am asking for feedback and or alternate views.
I will be happy to provide you with any links that i can for the above mentioned.
FYI.......... I have noticed another pattern, anything Iraq does pertaining to the IQD seems to happen in the middle of the month.
Just my honest opinions, much love and respect.........
Good evening KTFM.
If you don't mind, I have some information that I would like to share with all of you. This info was brought to my attention from an undisclosed source and my faith will not allow its validity to be questioned.
I am not presenting this as fact and my only desire is to open this up for discussion and hopefully get some feedback, good or bad.
Lets start with what we know as fact:
1 USD = 1170 IQD
1 IQD = .00086????
The IQD is directly valued and or pegged against the USD. The introduction of the NID was on OCT 15, 2003 and exchanged for the old Sadam notes. The exchange period was 90 days and ended on JAN 15, 2004. At the time of intro it was valued somewhere in the neighborhood of 1700 IQD to 1 USD.
The value was based solely on the USD. The US pumped USD into the Iraqi economy giving the IQD its value. It was the responsibility of the CBI to manage the new currency, circulation, exchange and sustainability. In order to do this, they set up the infamous CBI auction. The 1st auction was held on JAN 5, 2004 at a market rate of 1695 per USD. The participating banks were buying the IQD with US dollars. This is how it was put into circulation. As the demand grew for the IQD, the CBI began vacuuming the USD out of circulation and the value of the IQD began to appreciate rather quickly.
On JAN 14, 2004 with one day remaining for the exchange of old notes, The demand hit the roof and the IQD experienced a sharp appreciation to 1170 IQD per USD. The CBI immediately pumped more USD into the economy dropping the rate back to what they claimed was sustainable at the time. They could not allow it to appreciate beyond the 1170 and brought it back down to previous levels, around 1400 at the time.
WHY YOU ASK?
I believe the answer is two fold. The stability was questionable and there was..................A.......PLAN!
1 USD = 1170 IQD
1 IQD = .00086???
Keep in mind the real value of the USD, .86 at the time.
Over the next 5 years the IQD slowly appreciated as the CBI allowed it to. Almost exactly 5 years later on JAN 18, 2009 the CBI locks down to the 1170 rate that they have allowed the IQD to appreciate to. Since then the rate has not even had a pip.
HERE IS WHY:
1 IQD = .00086???.............. Now, move the decimal 3 places to the right.
Now Reverse
1 USD = 1170 IQD................Now move decimal 3 places to left.
Now reverse IQD and USD
1 IQD = 1.17 USD
1 USD = .86 IQD.......................... Now do the math.
.86% of 117 = 1 USD
Hmmmmmmmm.............Could this be our new rate?
If the CBI allowed the IQD to continue appreciating below 1000 per USD, When they carried out the plan and reversed it, the IQD would be worth less than the USD, thus defeating the plan and the purpose of having their own currency. In order to increase demand and confidence of their own currency it has to be worth more than the USD. That would be like us deciding to use pesos. To truly dedollarize, the IQD has to be worth more or you just create a black market, along with more corruption than they already have.
Now please, consider the simplicity of this plan. The act of implementation is so smooth a caveman could figure it out..... Sorry Geico............
The entire market and vendors move their decimals 3 places and Bing Batta Bang Their back in business with even a little more profit built right in. Everyone is happy and Iraqi 's love their dinar............
Up until now the entire Iraqi economy has been based on the amount of USD pumped into it. Now the CBI is vacuuming the USD out of the economy and replacing it with IQD.
They are reversing the process. Lets call it.............
REVERSE CURRENCY IMPLEMENTATION.
Its kinda like.............jump starting someones car.
Hook up your good battery to theirs, give it some juice and WA LA, they are up and running, you disconnect your battery from theres and your off and they are on their own. Hopefully their democracy(alternator) will keep it charged. lol
Its all too simple if you ask me...
The current value of the IQD has nothing to do with their GDP or their oil, its all based on their reserves. The good news........ Thats all about to change!
Now if you go to this link:
http://www.cbi.iq/pdf/C.B.I.%20FOREI...20AUCTIONS.pdf
You will see this at the heading:
AUCTIONS + C711
NOW, REVERSE IT................ YEP....................117........
Coincidence?...............You tell me.
If you have read the article from the economist based out of the university in Iraq, He believes the exchange rate should be in the $1.13 range. I will let you decide what the media really leaks to the people of Iraq or not.
Free Press, whats that? You mean I don't have to pay for it?.......lol
I think they may have been planting a seed.
If you have read any of my previous posts, I have no doubt that Iraq will implement a plan to achieve a 3+ rate to rival their neighbors. Its how they are going to get there that I have questioned.
Now with all that said, If the info is correct there are two scenario's as to how this will play out.
#1.... We get to cash in at 1.17 and the CBI turns the vacuum back on and removes the majority of speculators and large denoms from the market. I believe there would be a 90 day window for us to cash out our large notes. They tend to give 90 days for exchange there in Iraq and I can see history repeating itself. When they have managed to take all the large notes out of circulation they will have the option to tie the IQD to their new found wealth, GDP and OIL. They can either float or RI/RV at that time, giving much less detriment to speculation with a rate of 1.17 and elimation of large denoms.
#1 gets my vote.
#2 Please understand I am not advocating the "L" theory. If you choose to go down that road you are doing it of your own accord. My previous posts have voiced my opinion on this and why I don't believe it will happen.
Yes, moving the decimal does eliminate 3 zeros, but along with Franks intel, if there are lower denoms in circulation already, 1,5,10,25, then that would defeat the whole purpose of a "L"! And what of the 50,100,250,500?
Worst case scenario, you still make a 17% profit on your money.
What option would you vote for?
Speaking of votes, don't they have an election coming up soon, I wonder how they are going to win votes.
Now this is not being posted with any malice or ill intent. I am asking for feedback and or alternate views.
I will be happy to provide you with any links that i can for the above mentioned.
FYI.......... I have noticed another pattern, anything Iraq does pertaining to the IQD seems to happen in the middle of the month.
Just my honest opinions, much love and respect.........
OKIE OIL MAN POST
RICHES---SURE---BUT NOT YET
--------------------------------------------------------------------------------
HAVING BEEN ASSOCIATED WITH AN INFLUENTIAL POSITION WITH 1 OF
THE MAJOR OIL COMPANY'S FOR 35 YEAR'S ---I HAVE LEARNED--AND AM
STILL LEARNING THE GOING'S ON RELATIVE TO THE OIL INDUSTRY.
WHILE THE BULK OF THE FAMILY IS ELATED WITH THE PROGRESS IN IRAQ--
I ALSO AM IMPRESSED AT THE PROGRESS THAT HAS BEEN ACHIEVED IN
SEEMINGLY SUCH A SHORT TIME.
THERE ARE SO MANY INTERVENING FACTOR'S THAT THE AVERAGE PERSON
MAY NOT KNOW--I WILL TRY TO ELABORATE IN MY LIMITED WAY TO
EXPLAIN THE INSIDE OUT OF THE OIL INDUSTRY--AS IT RELATES TO IRAQ.
IT SEEM'S THAT MANY OF THE FAMILY IS EXPECTING IMMEDIATE SUCCESS
IN IRAQ--VIS-A-VIS THE NEW OIL BID'S RECENTLY NEGOIATATED.
FROM MY EXPERIENCE AND INSIDE KNOWLEDGE OF HOW THE INITIAL OIL
BIDS THAT WAS SIGNED IN MARCH, 2009. IT SHOULD BE NOTED THAT THE
BID'S LATELY OF 1.20 TO 1.30 IS A PURE FALLACY. OUR CONTRACT IN
MARCH SPECIFIED 22.14 PER BARREL FOR PRODUCTION IN NEW FIELD'S.
IT SHOULD ALSO BE NOTIED THAT THESE CONTRACT'S WERE SIGNED IN
AFTER HOUR'S--UNDER THE TABLE AGREEMENT'S THAT A LITTLE JACK
DANIEL'S HAD AN INFLUENCE OVER. (THANK'S TENNESSEE FOR THE JUICE).
THE REASON THAT THE INITIAL ROUND OF OIL BID'S NOT RECEIVING THE
SUCCESS THAT IRAQ HAD CONTEMPLATED WAS DUE TO THE SIMPLE FACT--
THAT IRAQ HAD TO LEARN THE CONCEPT OF NEGOIATING RATHER THAN
DICTATING. (REFERRING TO THE JUNE CONTRACT'S).
WHILE IRAQ MAY BE THE PANACEA THAT SOME SEE AS AN END ALL AND A
BE ALL FINANCIALY YOU NEED TO KNOW THE REALITY OF WHAT HAS TO
HAPPEN TO MAKE THIS ALL COME INTO PLAY.
WHILE IRAQ MAY BE FLOATING ON A SEA OF OIL AS SOME HAS STATED
(EVEN THO SEISMIC DATA IS OVER 35 YEAR'S OLD) IT WILL TAKE A VERY
MINIMUM OF 6 TO 7 YEARS' TO DEVELOP--SEND DOWN THE PIPELINE--
TO REFINE (THERE ARE VERY FEW REFINERYS AT PRESENT) TRANSPORT
IT TO THE END CONSUMER--SELL THE PRODUCT--THEN DEPOSIT THE FUND'S
INTO THE C B I OR THE T B I TO BE DISTRIBIUTED TO THE BENEFIT OF THE
OIL COMPANY'S AS WELL AS THE IRAQI CITIZEN VIS-A VIS--OIL SHARING
REVENUE. (WHICH IS YET TO BE DETERMINED).
IRAQ HAS PROPOSED AND PUBLISHED THE FACT THAT A 35% TAX WILL
BE IMPOSED ON FOREIGN OIL COMPANY'S--BUT AS PAUL HARVEY SAY'S--
HERE'S THE REST OF THE STORY. THIS 35% TAX IS TO BE ADDED ON TO
THE COST OR PRODUCTION AND IN REALITY WILL NOT EXIST--EXCEPT ON
THE LEDGERS AND IN ESSENSE WILL NOT BE A TAX AND THIS AGREEMENT IS FOR 10 YEARS GUARANTEED. (CAN YOU C. P. A'S SAY ADJUSTMENT'S?)
I FULLY EXPECT THE R/V IN THE IMMEDIATE FUTURE BUT ALSO REALIZE
IRAQ IS DOING WHAT THE LOS VEGAS GAMBLERS MEAN WHEN THEY SAY
'' BETTING ON THE COME''.
IRAQ IS IN THE INITIAL STEP'S OF DEMOCRACY AND IS LITTERALLY LEARNING
AS THEY GO REGARDING BUSINESS--GOVERMENT--CURRENCY MANIPULATION--INTERNATIONAL TRADING AND WILL BE SEVERAL YEARS BEFORE THEY GET
ALL THEIR PROBLEMS (IF EVER) WORKED OUT.
I HAVE SAID ALL THIS TO SAY THIS---AS FOR ME---IMHO CASH OUT AS
SOON AS POSSIBLE WHEN THIS THING COMES TO FRUITION--
PROBABLY IN SOME OF YOUR LIFE-TIME THE IRAQI DINAR WILL BE THE
MOST VALUABLE CURRENCY IN THE WORLD. BUT AT THE PRESENT WITH
IRAQ SETTING HALF WAY BETWEEN ISRAEL AND IRAN--AND STILL BEING
A TINDER-BOX OF WARRING FACTIONS BETWEEN 3 TRIBES THAT FOR
THOUSAND'S OF YEAR'S HAS BEEN TOUGHT TO KILL EACH OTHER--
I CHOOSE TO TAKE WHAT-EVER THE DINAR RE-EVALUATES AT
AND RUN,
--------------------------------------------------------------------------------
HAVING BEEN ASSOCIATED WITH AN INFLUENTIAL POSITION WITH 1 OF
THE MAJOR OIL COMPANY'S FOR 35 YEAR'S ---I HAVE LEARNED--AND AM
STILL LEARNING THE GOING'S ON RELATIVE TO THE OIL INDUSTRY.
WHILE THE BULK OF THE FAMILY IS ELATED WITH THE PROGRESS IN IRAQ--
I ALSO AM IMPRESSED AT THE PROGRESS THAT HAS BEEN ACHIEVED IN
SEEMINGLY SUCH A SHORT TIME.
THERE ARE SO MANY INTERVENING FACTOR'S THAT THE AVERAGE PERSON
MAY NOT KNOW--I WILL TRY TO ELABORATE IN MY LIMITED WAY TO
EXPLAIN THE INSIDE OUT OF THE OIL INDUSTRY--AS IT RELATES TO IRAQ.
IT SEEM'S THAT MANY OF THE FAMILY IS EXPECTING IMMEDIATE SUCCESS
IN IRAQ--VIS-A-VIS THE NEW OIL BID'S RECENTLY NEGOIATATED.
FROM MY EXPERIENCE AND INSIDE KNOWLEDGE OF HOW THE INITIAL OIL
BIDS THAT WAS SIGNED IN MARCH, 2009. IT SHOULD BE NOTED THAT THE
BID'S LATELY OF 1.20 TO 1.30 IS A PURE FALLACY. OUR CONTRACT IN
MARCH SPECIFIED 22.14 PER BARREL FOR PRODUCTION IN NEW FIELD'S.
IT SHOULD ALSO BE NOTIED THAT THESE CONTRACT'S WERE SIGNED IN
AFTER HOUR'S--UNDER THE TABLE AGREEMENT'S THAT A LITTLE JACK
DANIEL'S HAD AN INFLUENCE OVER. (THANK'S TENNESSEE FOR THE JUICE).
THE REASON THAT THE INITIAL ROUND OF OIL BID'S NOT RECEIVING THE
SUCCESS THAT IRAQ HAD CONTEMPLATED WAS DUE TO THE SIMPLE FACT--
THAT IRAQ HAD TO LEARN THE CONCEPT OF NEGOIATING RATHER THAN
DICTATING. (REFERRING TO THE JUNE CONTRACT'S).
WHILE IRAQ MAY BE THE PANACEA THAT SOME SEE AS AN END ALL AND A
BE ALL FINANCIALY YOU NEED TO KNOW THE REALITY OF WHAT HAS TO
HAPPEN TO MAKE THIS ALL COME INTO PLAY.
WHILE IRAQ MAY BE FLOATING ON A SEA OF OIL AS SOME HAS STATED
(EVEN THO SEISMIC DATA IS OVER 35 YEAR'S OLD) IT WILL TAKE A VERY
MINIMUM OF 6 TO 7 YEARS' TO DEVELOP--SEND DOWN THE PIPELINE--
TO REFINE (THERE ARE VERY FEW REFINERYS AT PRESENT) TRANSPORT
IT TO THE END CONSUMER--SELL THE PRODUCT--THEN DEPOSIT THE FUND'S
INTO THE C B I OR THE T B I TO BE DISTRIBIUTED TO THE BENEFIT OF THE
OIL COMPANY'S AS WELL AS THE IRAQI CITIZEN VIS-A VIS--OIL SHARING
REVENUE. (WHICH IS YET TO BE DETERMINED).
IRAQ HAS PROPOSED AND PUBLISHED THE FACT THAT A 35% TAX WILL
BE IMPOSED ON FOREIGN OIL COMPANY'S--BUT AS PAUL HARVEY SAY'S--
HERE'S THE REST OF THE STORY. THIS 35% TAX IS TO BE ADDED ON TO
THE COST OR PRODUCTION AND IN REALITY WILL NOT EXIST--EXCEPT ON
THE LEDGERS AND IN ESSENSE WILL NOT BE A TAX AND THIS AGREEMENT IS FOR 10 YEARS GUARANTEED. (CAN YOU C. P. A'S SAY ADJUSTMENT'S?)
I FULLY EXPECT THE R/V IN THE IMMEDIATE FUTURE BUT ALSO REALIZE
IRAQ IS DOING WHAT THE LOS VEGAS GAMBLERS MEAN WHEN THEY SAY
'' BETTING ON THE COME''.
IRAQ IS IN THE INITIAL STEP'S OF DEMOCRACY AND IS LITTERALLY LEARNING
AS THEY GO REGARDING BUSINESS--GOVERMENT--CURRENCY MANIPULATION--INTERNATIONAL TRADING AND WILL BE SEVERAL YEARS BEFORE THEY GET
ALL THEIR PROBLEMS (IF EVER) WORKED OUT.
I HAVE SAID ALL THIS TO SAY THIS---AS FOR ME---IMHO CASH OUT AS
SOON AS POSSIBLE WHEN THIS THING COMES TO FRUITION--
PROBABLY IN SOME OF YOUR LIFE-TIME THE IRAQI DINAR WILL BE THE
MOST VALUABLE CURRENCY IN THE WORLD. BUT AT THE PRESENT WITH
IRAQ SETTING HALF WAY BETWEEN ISRAEL AND IRAN--AND STILL BEING
A TINDER-BOX OF WARRING FACTIONS BETWEEN 3 TRIBES THAT FOR
THOUSAND'S OF YEAR'S HAS BEEN TOUGHT TO KILL EACH OTHER--
I CHOOSE TO TAKE WHAT-EVER THE DINAR RE-EVALUATES AT
AND RUN,
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