News From Sonny1 Chat 12-15-09
[Sunglass] Stop typing ROOM....................... Now please
[sonny1] and for the record adam is in dubai
[sonny1] as many of you already know, i have friends in dubai
[sonny1] i have for a while now
[sonny1] i just got off the one with m good buddy in adi dubai, and he told me that there is a 100% chance it rv's between the 17th and the 21st
[skelllley] sonny1 i have 2 contact that say the same thing!
[sonny1] now these guys have given me info before, but never a rv date, only news that has been riht
[sonny1] right about .
[sonny1] now the rate isnt 2.47, its closer to 1.40
[Bumper64] I will take that anyday!!
[sonny1] now my arab buddy is very low key, he could win the lottery and take a nap
[sonny1] but he was jacked
[sonny1] he told me if i could get more dinar to buy some, i dont recommend anyone doing this, but it is wonderful news
[skelllley] you know if fact terryk had the same news i think
[skelllley] so that makes 4 sources
[sonny1] i believe this info, this isnt a george bushes barber rumor, its from a real person
[sonny1] i am usualy reserverd with rumors, i hear them all, but i believe this one, almost as fact
[sonny1] done, good luck to all
Tuesday, December 15, 2009
DINAR DADDY'S THOUGHTS
My gut...
We could/should be seeing an RV by Thurs/Fri of this week anywhere from $1.49 - $3+ range. It could slip into this weekend, but if we don't see it by Monday of next week, we probably won't see it this year... maybe not even until springtime.... These are just my thoughts based on what I've read and heard. Read through several of the posts in this blog from today and yesterday. Many point to the 17th as well, so let's hope we're there!
THIS TIME, I WANT YOU ALL TO BE ON THE LOOKOUT OVER THE NEXT TWO DAYS... AFTER ALL THIS TIME... IT'S TIME! IMO...
We could/should be seeing an RV by Thurs/Fri of this week anywhere from $1.49 - $3+ range. It could slip into this weekend, but if we don't see it by Monday of next week, we probably won't see it this year... maybe not even until springtime.... These are just my thoughts based on what I've read and heard. Read through several of the posts in this blog from today and yesterday. Many point to the 17th as well, so let's hope we're there!
THIS TIME, I WANT YOU ALL TO BE ON THE LOOKOUT OVER THE NEXT TWO DAYS... AFTER ALL THIS TIME... IT'S TIME! IMO...
CHAZMAN POST - One Dinar
For my own understanding, I compiled and revised some notes from *****'s recent chats on the history of the IQD, along with some Q&A. It occured to me that others who haven't been at this for years might also benefit from this summary of how we got to where we are now. So, I hope you find this helpful.
Compilation of Medic's Chats on the History of the IQD Investment
Explaining our Investment
Now I know for a fact the Iraqi dinar (“IQD”) is going to revalue (“RV”). Now the day? That is another story. 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.
Background
I will start with the International Monetary Fund (“IMF’) / Government of Iraq (“GOI”) relationship, which lasted almost 5 1/2 yrs. This as many of you called it was the SBA (Stand-By Agreement). The SBA consisted of funds that were available to Iraq through the IMF for stabilization loans. Iraq never used a single penny of the available SBA funds. The actual program that the IMF placed Iraq under was called the Stabilization Program for Developing Countries (“SPDC”). SPDC is an economic and monetary policy that was used to reduce inflation and improve the primary revenue generator of the Iraqi economy, oil and gas.
First, the economic policy diverted all available funding to develop the oil and gas sector to generate revenues to keep the GOI running and allow for infrastructure development. But this policy stripped health and social welfare and education programs of money. Further, although unemployment is still high, the IMF program reduced unemployment from 30 plus % to 18% by the end of the SBA.
The monetary policy component of SPDC will be discussed next. There are two basic types of monetary policies: contractionary and expansionary. The IMF’s SPDC used contractionary monetary policy to increase interest rates and stabilize the exchange rate of the IQD, which was pegged against the USD. The main goal of this policy was to reduce or combat hyperinflation. The CBI’s job is to (1) reduce the actual physical currency within the borders of Iraq; (2) auction off currency to foreign buyers to generate revenue; and (3) to sell off T-Bills and CBI bills and to trade for foreign currency assets. The T-Bills and foreign currency assets will eventually be used to protect the sustainability of the RV exchange rate. Currently, inflation in Iraq is low.
Many of the stabilization programs implemented by the IMF have failed the first time around. IMF stabilization programs failed when first implemented in Turkey, South Korea and Argentina. In contrast, Iraq has proven to be a textbook example of a successful implementation of the IMF’s SPDC policy. Following this success, the IMF released Iraq from SPDC program on March 18th. The plan was then for Iraq to move to Phase II, which called for expansionary monetary policy and a transition to a market economy. In fact, the Iraqi constitution actually mandates that Iraq to have a market economy. Yet, the transition to a market economy has not yet occurred.
The CBI’s Daily Auctions
Following the release of Iraq from the IMF SPDC agreement, the CBI continued to auction off IQD at an alarming rate. This prompted Prime Minister Maliki, Vice President Hashemi and the Parliament to plead with the CBI for several weeks to stop the auctions. The calls to stop the CBI auctions ceased the CBI’s Governor, Dr. Sinan Al Shabibi, explained the purpose behind the auctions. As of January 2009, the CBI auctions were not being held just to generate revenues to subsidize the imports that were not permitted to be purchased with DFI money. Shabibi 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. He skillfully managed to keep the IQD from plummeting. At the same time CBI was reducing Iraq’s dependence on the USD for internal transactions. The use of USD in lieu of the local currency is known as dollarization. They were slowly reducing the liquidity abroad and the overall use of the USD for purchases (e.g., eliminating dollarization) and encouraging Iraqis to use the IQD.
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 October2009. The USD is still used on US bases in Iraq in on the black market. The CBI’s auctions now have very little to do with revenues for subsidies but rather are almost totally for the management of the IQD exchange rate. They have transfers out and USD in. On many days times there is no USD, which means no IQD was auctioned off. The transfers out are for T-Bills and CBI bills that the CBI is purchasing/paying off or for the swap of foreign currency for foreign currency assets.
Now the auctions are complex, but for a simple KISS explanation. The larger transactions are “transfers out” that do not involve the sale of IQD. The only amount that is associated with the sale of IQD is the USD taken in. Now that also is misleading since CBI is managing the IQD's rate through a dirty float. It means they personally are manipulating the rate of the dinar not the worlds want or use of it themselves. And the reason is: nobody has a use for it but brokers and traders outside of the country.
I will explain the concept of a dirty float. When a central bank intervenes with a floating exchange rate, the rate is called a "managed float." The method of exchange is still a float, but the bank will provide money if the exchange rates are dropping so that the exchange rate remains constant. The central bank has control over the exchange rate of the currency: if the rate is dropping, they will supply money to bring it up again. There cannot be an RV when USD has been accepted and IQD has been sold until the central bank has closed for the day. If the USD is $0 for an auction then they can do an RV.
Now right now Iraq is at the brink of some major changes. 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.
HCL or Hydrocarbon Law, which entailed two parts. First part was the revenue sharing of the oil sales from Kurdistan and what was fair 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.
Investment Law. Then part two was the oil laws that dealt with foreign investors in the oil industry and they being protected. All oil in Iraq is nationalized, meaning that it is owned and run by the GOI. Initially, the GOI was only offering foreign oil companies the opportunity to own a maximum 49% interest. This meant that companies would have to invest billions with no guarantees they be booted out at anytime. Not surprisingly, no companies were willing to bid under these conditions. It took Iraq about 3 months to amend the Investment Law in a way that would attract foreign investment. The amendments allowed foreign investors to have up to 75% controlling interests in their projects and to have lease terms of up to 20 years. These terms were attractive enough to induce foreign oil companies to step up to the plate and bid on Iraq’s oil contracts.
Now a couple of other issues:
SOFA or Status of Forces Agreement, which was signed in December 2008 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 no later than December 31, 2011.
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.
Chapter VII of the UN Charter. Now come May 2009, all looked very good for Iraq. Then the kiss of death jumped out, Chapter VII. It is a resolution that is enacted when a government commits 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 country’s government cannot because of the protection of international law. The US is the only country whose 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 No. 39 and later amended to CPA Order No. 40, this granted us as US citizens the same rights as Iraqis to purchase and own hard currency, stocks, bonds and securities that were issued by the CPA/GOI. This is why you are allowed to own 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 UN Security Council (“UNSC”). They are placed into an account called the DFI or development fund Iraq. There are 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 to Kuwait. Also a UN committee controls all the funds and disperses 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 (December 2009) the UN wants to turn over the management of the fund to an Iraqi financial committee.
GOI 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. ANY permanent member one 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.
QUESTION: Just wanted to know how the recent 10mil Iraq paid fitted in.
ANSWER: 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 Kuwaiti bodies. The responsibility for the payment fell on Iraq but they did not pay it. So the CBK did, then the Central Bank of Kuwait (“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 transferred it to the bullion stored in NY for the Kuwaitis.
If Chapter VII was discussed in July as an issue back then, no one knew, people thought it was the HCL, the SOFA, SFA, Chapter VII, Election Law, Investment Law. CBK weren't really as upset 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 government and their people. Now we are talking the government not the people of Iraq. And they sure aren't the #4 most corrupt country per capita for nothing.
QUESTION: I have a question for you, as I remember reading a while back that Chapter VII expires automatically on December 31, 2009. Is this as you understand?
ANSWER: First off Chapter VII does not expire. Only UNSC resolution 1859 does.
QUESTION: Where's some logic...why would anyone work in oil in Iraq, when they can make more $ working in Kuwait?
ANSWER: Kuwaitis don't work. They hire others to do their work. The entire country is on an oil revenue welfare plan.
QUESTION: What does Chapter VII have to do with the RV – do we need Chapter 7 pulled before the RV?
ANSWER: At one time it was thought that the removal of Chapter 7 was required prior to an RV because a county cannot engage freely in international trade while under Chapter VII.
QUESTION: Then we are not waiting on the removal of Chapter VII just the RV?
ANSWER: This is a country that procrastinated for almost 6 years, passing no legislation and not trying to resolve any of the issues that were needed to make Iraq be recognized as truly a sovereign nation that could be trusted. It was not until Obama administration made it perfectly clear they will have to stand on their own two feet that the GOI felt the pressure to move forward - that the day of the free lunch was over - that the US wanted to see the benefits of losing 4700 lives and spending almost $1 trillion. No I never said we were waiting for Chapter VII to be removed. The CBI is the only authority that can or did authorize the RV. No one else in the GOI has the right or authority under the constitution.
The CBI has already made it perfectly clear the Istanbul meetings of central banks on February 16, 2009 that they were going to RV. This is fact - it was stated by the senior advisor to the central bank. Now the RV has been approved and released by CBI to the GOI. After that as was also stated by Shabibi in August that after the CBI releases the RV to the GOI, then what ever happens thereafter is solely the GOI’s responsibility.
Until the GOI releases the RV, it remains the CBI’s responsibility to still maintain the stable currency rate of 1170 through a managed or dirty float, which is what the CBI is currently doing through its daily auctions.
Now it is in the hands of Maliki and we know he has signed off on it. All we know is that as of last Friday, according to the Warka Bank executives at Citibank corporate offices, there are issues with computer system failures that would prevent Iraq from announcing the RV in a coordinated way and sending it all nations at the same time. At this time, I have no other reason for the delay in the announcement of the RV other than these computer system issues.
QUESTION: Do you think there is a real push for this to get done by the end of December? What are your thoughts on an RV before the end of December 2009, especially knowing that the Islamic New Year begins on the 18th? What do you think of the conflicting articles about Maliki running or not running for re-election and also the elections being delayed to march?
ANSWER: The elections now have an official date because of the mandatory 90 days needed by the election commission and by the constitution of Iraq. Even though the blocs and Hashemi forced a violation of the constitution and violated a mandatory UN mandate for the election law to be in place.
QUESTION: Can we accurately assume that the revalue has taken place since there is a rate, which we know of, at least has been posted here, and that the only thing holding it from going forward is the GOI's release of it for public trade? Am I right? There has been some conflicting terminology on here that I sometimes just need to read between the lines.
ANSWER: Ok, I never give conflicting statements on where the IQD is standing and why. No I do not think the tarp money is from IQD. It is from the fact that it was never used by the banks. All the banks are doing is returning the money they never spent. Yes I was told by Chase that they were required to take the tarp money by the government and then just turned around at the first payment date and paid it all back.
Yes several countries hold the IQD. But we are not bidding on it. France accepts payment in IQD and just banks it for future use after post RV. China did also. They actually bought up T-Bills and CBI bills.
QUESTION: Do you think that maybe Iraq is just printing IQD and does not have resources, at this time to cover, them all if it announced an RV/?
ANSWER: Ok Iraq does not print anything, so please just forget that. The printing of the IQD has stopped, long ago. Wareagle says: Iraq has loads of gold to cover the RV.
QUESTION: You mentioned a "coordinated" effort to get the word out. Why doesn’t Maliki make the phone call and have the Reuters / Forex sites disseminate information effectively now? Or does Iraq’s electronic system need to be fully up and running before they will even consider and RV? What does "up and running" really mean to the rest of world?
ANSWER: It just doesn't work like that. Forex is not an official agency. It is a company that profits from currency trading and pairings.
QUESTION: Is all we are waiting for is the technical computer issues to be resolved?
ANSWER: Yes. According to the only info and explanation out of Iraq.
QUESTION: How long until the computer system is fixed and Iraq can announce the RV?
ANSWER: Does it matter how long? Really?
Compilation of Medic's Chats on the History of the IQD Investment
Explaining our Investment
Now I know for a fact the Iraqi dinar (“IQD”) is going to revalue (“RV”). Now the day? That is another story. 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.
Background
I will start with the International Monetary Fund (“IMF’) / Government of Iraq (“GOI”) relationship, which lasted almost 5 1/2 yrs. This as many of you called it was the SBA (Stand-By Agreement). The SBA consisted of funds that were available to Iraq through the IMF for stabilization loans. Iraq never used a single penny of the available SBA funds. The actual program that the IMF placed Iraq under was called the Stabilization Program for Developing Countries (“SPDC”). SPDC is an economic and monetary policy that was used to reduce inflation and improve the primary revenue generator of the Iraqi economy, oil and gas.
First, the economic policy diverted all available funding to develop the oil and gas sector to generate revenues to keep the GOI running and allow for infrastructure development. But this policy stripped health and social welfare and education programs of money. Further, although unemployment is still high, the IMF program reduced unemployment from 30 plus % to 18% by the end of the SBA.
The monetary policy component of SPDC will be discussed next. There are two basic types of monetary policies: contractionary and expansionary. The IMF’s SPDC used contractionary monetary policy to increase interest rates and stabilize the exchange rate of the IQD, which was pegged against the USD. The main goal of this policy was to reduce or combat hyperinflation. The CBI’s job is to (1) reduce the actual physical currency within the borders of Iraq; (2) auction off currency to foreign buyers to generate revenue; and (3) to sell off T-Bills and CBI bills and to trade for foreign currency assets. The T-Bills and foreign currency assets will eventually be used to protect the sustainability of the RV exchange rate. Currently, inflation in Iraq is low.
Many of the stabilization programs implemented by the IMF have failed the first time around. IMF stabilization programs failed when first implemented in Turkey, South Korea and Argentina. In contrast, Iraq has proven to be a textbook example of a successful implementation of the IMF’s SPDC policy. Following this success, the IMF released Iraq from SPDC program on March 18th. The plan was then for Iraq to move to Phase II, which called for expansionary monetary policy and a transition to a market economy. In fact, the Iraqi constitution actually mandates that Iraq to have a market economy. Yet, the transition to a market economy has not yet occurred.
The CBI’s Daily Auctions
Following the release of Iraq from the IMF SPDC agreement, the CBI continued to auction off IQD at an alarming rate. This prompted Prime Minister Maliki, Vice President Hashemi and the Parliament to plead with the CBI for several weeks to stop the auctions. The calls to stop the CBI auctions ceased the CBI’s Governor, Dr. Sinan Al Shabibi, explained the purpose behind the auctions. As of January 2009, the CBI auctions were not being held just to generate revenues to subsidize the imports that were not permitted to be purchased with DFI money. Shabibi 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. He skillfully managed to keep the IQD from plummeting. At the same time CBI was reducing Iraq’s dependence on the USD for internal transactions. The use of USD in lieu of the local currency is known as dollarization. They were slowly reducing the liquidity abroad and the overall use of the USD for purchases (e.g., eliminating dollarization) and encouraging Iraqis to use the IQD.
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 October2009. The USD is still used on US bases in Iraq in on the black market. The CBI’s auctions now have very little to do with revenues for subsidies but rather are almost totally for the management of the IQD exchange rate. They have transfers out and USD in. On many days times there is no USD, which means no IQD was auctioned off. The transfers out are for T-Bills and CBI bills that the CBI is purchasing/paying off or for the swap of foreign currency for foreign currency assets.
Now the auctions are complex, but for a simple KISS explanation. The larger transactions are “transfers out” that do not involve the sale of IQD. The only amount that is associated with the sale of IQD is the USD taken in. Now that also is misleading since CBI is managing the IQD's rate through a dirty float. It means they personally are manipulating the rate of the dinar not the worlds want or use of it themselves. And the reason is: nobody has a use for it but brokers and traders outside of the country.
I will explain the concept of a dirty float. When a central bank intervenes with a floating exchange rate, the rate is called a "managed float." The method of exchange is still a float, but the bank will provide money if the exchange rates are dropping so that the exchange rate remains constant. The central bank has control over the exchange rate of the currency: if the rate is dropping, they will supply money to bring it up again. There cannot be an RV when USD has been accepted and IQD has been sold until the central bank has closed for the day. If the USD is $0 for an auction then they can do an RV.
Now right now Iraq is at the brink of some major changes. 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.
HCL or Hydrocarbon Law, which entailed two parts. First part was the revenue sharing of the oil sales from Kurdistan and what was fair 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.
Investment Law. Then part two was the oil laws that dealt with foreign investors in the oil industry and they being protected. All oil in Iraq is nationalized, meaning that it is owned and run by the GOI. Initially, the GOI was only offering foreign oil companies the opportunity to own a maximum 49% interest. This meant that companies would have to invest billions with no guarantees they be booted out at anytime. Not surprisingly, no companies were willing to bid under these conditions. It took Iraq about 3 months to amend the Investment Law in a way that would attract foreign investment. The amendments allowed foreign investors to have up to 75% controlling interests in their projects and to have lease terms of up to 20 years. These terms were attractive enough to induce foreign oil companies to step up to the plate and bid on Iraq’s oil contracts.
Now a couple of other issues:
SOFA or Status of Forces Agreement, which was signed in December 2008 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 no later than December 31, 2011.
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.
Chapter VII of the UN Charter. Now come May 2009, all looked very good for Iraq. Then the kiss of death jumped out, Chapter VII. It is a resolution that is enacted when a government commits 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 country’s government cannot because of the protection of international law. The US is the only country whose 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 No. 39 and later amended to CPA Order No. 40, this granted us as US citizens the same rights as Iraqis to purchase and own hard currency, stocks, bonds and securities that were issued by the CPA/GOI. This is why you are allowed to own 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 UN Security Council (“UNSC”). They are placed into an account called the DFI or development fund Iraq. There are 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 to Kuwait. Also a UN committee controls all the funds and disperses 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 (December 2009) the UN wants to turn over the management of the fund to an Iraqi financial committee.
GOI 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. ANY permanent member one 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.
QUESTION: Just wanted to know how the recent 10mil Iraq paid fitted in.
ANSWER: 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 Kuwaiti bodies. The responsibility for the payment fell on Iraq but they did not pay it. So the CBK did, then the Central Bank of Kuwait (“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 transferred it to the bullion stored in NY for the Kuwaitis.
If Chapter VII was discussed in July as an issue back then, no one knew, people thought it was the HCL, the SOFA, SFA, Chapter VII, Election Law, Investment Law. CBK weren't really as upset 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 government and their people. Now we are talking the government not the people of Iraq. And they sure aren't the #4 most corrupt country per capita for nothing.
QUESTION: I have a question for you, as I remember reading a while back that Chapter VII expires automatically on December 31, 2009. Is this as you understand?
ANSWER: First off Chapter VII does not expire. Only UNSC resolution 1859 does.
QUESTION: Where's some logic...why would anyone work in oil in Iraq, when they can make more $ working in Kuwait?
ANSWER: Kuwaitis don't work. They hire others to do their work. The entire country is on an oil revenue welfare plan.
QUESTION: What does Chapter VII have to do with the RV – do we need Chapter 7 pulled before the RV?
ANSWER: At one time it was thought that the removal of Chapter 7 was required prior to an RV because a county cannot engage freely in international trade while under Chapter VII.
QUESTION: Then we are not waiting on the removal of Chapter VII just the RV?
ANSWER: This is a country that procrastinated for almost 6 years, passing no legislation and not trying to resolve any of the issues that were needed to make Iraq be recognized as truly a sovereign nation that could be trusted. It was not until Obama administration made it perfectly clear they will have to stand on their own two feet that the GOI felt the pressure to move forward - that the day of the free lunch was over - that the US wanted to see the benefits of losing 4700 lives and spending almost $1 trillion. No I never said we were waiting for Chapter VII to be removed. The CBI is the only authority that can or did authorize the RV. No one else in the GOI has the right or authority under the constitution.
The CBI has already made it perfectly clear the Istanbul meetings of central banks on February 16, 2009 that they were going to RV. This is fact - it was stated by the senior advisor to the central bank. Now the RV has been approved and released by CBI to the GOI. After that as was also stated by Shabibi in August that after the CBI releases the RV to the GOI, then what ever happens thereafter is solely the GOI’s responsibility.
Until the GOI releases the RV, it remains the CBI’s responsibility to still maintain the stable currency rate of 1170 through a managed or dirty float, which is what the CBI is currently doing through its daily auctions.
Now it is in the hands of Maliki and we know he has signed off on it. All we know is that as of last Friday, according to the Warka Bank executives at Citibank corporate offices, there are issues with computer system failures that would prevent Iraq from announcing the RV in a coordinated way and sending it all nations at the same time. At this time, I have no other reason for the delay in the announcement of the RV other than these computer system issues.
QUESTION: Do you think there is a real push for this to get done by the end of December? What are your thoughts on an RV before the end of December 2009, especially knowing that the Islamic New Year begins on the 18th? What do you think of the conflicting articles about Maliki running or not running for re-election and also the elections being delayed to march?
ANSWER: The elections now have an official date because of the mandatory 90 days needed by the election commission and by the constitution of Iraq. Even though the blocs and Hashemi forced a violation of the constitution and violated a mandatory UN mandate for the election law to be in place.
QUESTION: Can we accurately assume that the revalue has taken place since there is a rate, which we know of, at least has been posted here, and that the only thing holding it from going forward is the GOI's release of it for public trade? Am I right? There has been some conflicting terminology on here that I sometimes just need to read between the lines.
ANSWER: Ok, I never give conflicting statements on where the IQD is standing and why. No I do not think the tarp money is from IQD. It is from the fact that it was never used by the banks. All the banks are doing is returning the money they never spent. Yes I was told by Chase that they were required to take the tarp money by the government and then just turned around at the first payment date and paid it all back.
Yes several countries hold the IQD. But we are not bidding on it. France accepts payment in IQD and just banks it for future use after post RV. China did also. They actually bought up T-Bills and CBI bills.
QUESTION: Do you think that maybe Iraq is just printing IQD and does not have resources, at this time to cover, them all if it announced an RV/?
ANSWER: Ok Iraq does not print anything, so please just forget that. The printing of the IQD has stopped, long ago. Wareagle says: Iraq has loads of gold to cover the RV.
QUESTION: You mentioned a "coordinated" effort to get the word out. Why doesn’t Maliki make the phone call and have the Reuters / Forex sites disseminate information effectively now? Or does Iraq’s electronic system need to be fully up and running before they will even consider and RV? What does "up and running" really mean to the rest of world?
ANSWER: It just doesn't work like that. Forex is not an official agency. It is a company that profits from currency trading and pairings.
QUESTION: Is all we are waiting for is the technical computer issues to be resolved?
ANSWER: Yes. According to the only info and explanation out of Iraq.
QUESTION: How long until the computer system is fixed and Iraq can announce the RV?
ANSWER: Does it matter how long? Really?
BGPATTON2 POST
bgpatton2 says to (21:22:16):
ok
bgpatton2 says to (21:22:30):
i have a very good friend in the secret service
bgpatton2 says to (21:22:45):
i have no idea why i have not thought to call him until today
bgpatton2 says to (21:23:05):
HE IS PART OF THE PROTECTIVE SERVICES
bgpatton2 says to (21:23:26):
HE WAS JUST IN BAGHDAD
bgpatton2 says to (21:24:09):
AND JUST SO HAPPENED TO MEET MALIKI'S SECRETARY
bgpatton2 says to (21:24:41):
WHEN I FIRST CALLED HIM, I ASKED HIM IF HE HAD ANY KNOWLEDGE ON THE DINAR
bgpatton2 says to (21:24:55):
AND HE SAID OOOHHHH YEAH!!!
bgpatton2 says to (21:25:06):
I SAID TO MYSELF, OK THIS IS GONNA BE GOOD
bgpatton2 says to (21:25:46):
HE JOKINGLY ASKED THE SECRETARY IF HE HAD ANY INFO HE COULD THROW OUT ABOUT THE RV
bgpatton2 says to (21:26:35):
HE SAID HE WOULD TRADE SOME MEMORIBILIA FROM SECRET SERVICE INCLUDING PICTURES, TIE LAPEL, COINS, ETC...
bgpatton2 says to (21:26:48):
SO THAT SEALED THE DEAL
bgpatton2 says to (21:27:17):
HE SAID THAT THEY HAVE BEEN WAITING FOR THE MOST OPPORTUNE TIME TO RELEASE IT
bgpatton2 says to (21:27:37):
WHICH IS NOT TOO CLOSE, BUT NOT TOO FAR EITHER FROM THE ELECTION
bgpatton2 says to (21:27:56):
OK THE LAST DAY OF THE YEAR FOR IRAQ IS DECEMBER 17TH
bgpatton2 says to (21:28:18):
WHICH STARTS A NEW YEAR AND JUST LIKE WE START NEW YEARS RESOLUTIONS, SO ARE THEY
bgpatton2 says to (21:28:58):
AND THEY NEED MOMENTUM GOING INTO THE ELECTION FOR MALIKI TO GET RE ELECTED
bgpatton2 says to (21:29:27):
AND IF YOU HAVE SEEN EVERYTHING THAT HAS TAKEN PLACE THIS WEEK, IT HAS ALL LED UP TO THURSDAY
bgpatton2 says to (21:29:38):
SOOOO...
bgpatton2 says to (21:30:06):
THE WORD IS THAT WE WILL SEE THE RV THE 17TH THURSDAY
bgpatton2 says to (21:30:19):
OR FRIDAY THE 18TH
bgpatton2 says to (21:30:42):
THIS WILL BE A NEW YEAR AND A NEW START FOR IRAQ
bgpatton2 says to (21:31:06):
I WISH MY FRIEND HAD HIS CELL PHONE SO I COULD ASK SOME QUESTIONS
bgpatton2 says to (21:31:20):
BUT THATS IT, WE SHOULD SEE IT THURSDAY
bgpatton2 says to (21:31:39):
AND THIS IS VERY STRONG INTEL
bgpatton2 says to (21:31:48):
COMING STRAIGHT FROM THE SOURCE
bgpatton2 says to (21:32:07):
SO GOD BLESS ALL FOR THE WAIT WE HAVE ENDURED
bgpatton2 says to (21:32:18):
UNMOD PLEASE, THANKS
bgpatton2 says to (21:34:51):
THIS WAS FACTUAL INFO FROM A VERY RELIABLE SOURCE
ok
bgpatton2 says to (21:22:30):
i have a very good friend in the secret service
bgpatton2 says to (21:22:45):
i have no idea why i have not thought to call him until today
bgpatton2 says to (21:23:05):
HE IS PART OF THE PROTECTIVE SERVICES
bgpatton2 says to (21:23:26):
HE WAS JUST IN BAGHDAD
bgpatton2 says to (21:24:09):
AND JUST SO HAPPENED TO MEET MALIKI'S SECRETARY
bgpatton2 says to (21:24:41):
WHEN I FIRST CALLED HIM, I ASKED HIM IF HE HAD ANY KNOWLEDGE ON THE DINAR
bgpatton2 says to (21:24:55):
AND HE SAID OOOHHHH YEAH!!!
bgpatton2 says to (21:25:06):
I SAID TO MYSELF, OK THIS IS GONNA BE GOOD
bgpatton2 says to (21:25:46):
HE JOKINGLY ASKED THE SECRETARY IF HE HAD ANY INFO HE COULD THROW OUT ABOUT THE RV
bgpatton2 says to (21:26:35):
HE SAID HE WOULD TRADE SOME MEMORIBILIA FROM SECRET SERVICE INCLUDING PICTURES, TIE LAPEL, COINS, ETC...
bgpatton2 says to (21:26:48):
SO THAT SEALED THE DEAL
bgpatton2 says to (21:27:17):
HE SAID THAT THEY HAVE BEEN WAITING FOR THE MOST OPPORTUNE TIME TO RELEASE IT
bgpatton2 says to (21:27:37):
WHICH IS NOT TOO CLOSE, BUT NOT TOO FAR EITHER FROM THE ELECTION
bgpatton2 says to (21:27:56):
OK THE LAST DAY OF THE YEAR FOR IRAQ IS DECEMBER 17TH
bgpatton2 says to (21:28:18):
WHICH STARTS A NEW YEAR AND JUST LIKE WE START NEW YEARS RESOLUTIONS, SO ARE THEY
bgpatton2 says to (21:28:58):
AND THEY NEED MOMENTUM GOING INTO THE ELECTION FOR MALIKI TO GET RE ELECTED
bgpatton2 says to (21:29:27):
AND IF YOU HAVE SEEN EVERYTHING THAT HAS TAKEN PLACE THIS WEEK, IT HAS ALL LED UP TO THURSDAY
bgpatton2 says to (21:29:38):
SOOOO...
bgpatton2 says to (21:30:06):
THE WORD IS THAT WE WILL SEE THE RV THE 17TH THURSDAY
bgpatton2 says to (21:30:19):
OR FRIDAY THE 18TH
bgpatton2 says to (21:30:42):
THIS WILL BE A NEW YEAR AND A NEW START FOR IRAQ
bgpatton2 says to (21:31:06):
I WISH MY FRIEND HAD HIS CELL PHONE SO I COULD ASK SOME QUESTIONS
bgpatton2 says to (21:31:20):
BUT THATS IT, WE SHOULD SEE IT THURSDAY
bgpatton2 says to (21:31:39):
AND THIS IS VERY STRONG INTEL
bgpatton2 says to (21:31:48):
COMING STRAIGHT FROM THE SOURCE
bgpatton2 says to (21:32:07):
SO GOD BLESS ALL FOR THE WAIT WE HAVE ENDURED
bgpatton2 says to (21:32:18):
UNMOD PLEASE, THANKS
bgpatton2 says to (21:34:51):
THIS WAS FACTUAL INFO FROM A VERY RELIABLE SOURCE
FRANK POST - KTF Missions
Good evening Family,
I had plans on talking to you about the second day of The Three Days ……….but there are other important things to talk to you about. Depending on TINK’s hand we will see if we can cover it at the end. I am starting out today by taking you back about 28 days ago when M made the RI announcement…….IMO. Let us carefully look over the article that was released ……….pay close attention to this date……..November 17, 2009 .
One month before al-Maliki has promised to end unemployment
Last Updated: Thursday, November 26th, 2009 22:48 Farhan Abdul Sattar Thursday, November 26th, 2009 22:48
I want to talk about each paragraph because buried within this article is a large key that unlocks ……..many things. This article was actually released on the 17th and published within the following week.
There were only one month on the promise, made at the Prime Minister in a speech carried by the Iraqi public and other satellite channels in a campaign trip to the provincial councils.
When putting together the Christmas bicycle gift ……..it is important to consider the first step……..that is to read the instructions very carefully. The paragraph above is telling you that the promise M is making ……….will happen in one month. “There were only one month……..” It is also making the point that this was broadcast to the Iraqi people in all of the provinces of Iraq. Every eye and every ear ……….heard M with their hearts.
Maliki said in his tone was confident of himself Sedknah and our joy too: (at the end of 2009 will not be in Iraq for the unemployed, single work).
When M speaks of Sedknah …….he speaks of the concept of love and joy . Obviously the tone in Maliki when he made the promise that there would be no unemployed at the end of ’09 was with great confidence ………he knew well what he spoke of as he created the PERFUME and a whisper of good taste to His Excellency Sedknah in Oqgualnawofna. Many of you read this article at the speed of light but forgot to ………study it properly. These unknown words to you are the KEY. This type of perfumed love in their culture is used for the coming of a beautiful life in order to achieve the targets that they have set.
I personally felt the joy unspeakable, and given voice to the rule of law in order to guarantee victory and easier the task of the Prime Minister to deliver on his promise to end unemployment in Iraq. He also told me a number of friends they have done the same thing with the same motivation.
You see Family……another gentleman was interviewing M face to face with this article. He goes on to describe his own opinion of the happy positive attitude that M was displaying to him……….even to the point that it was indescribable for him. Then he says that a physical voice has been delivered to a LAW that will RULE in order to guarantee M’s goal of putting an end to unemployment in Iraq. M even goes as far as to say ………yeah man, me and my homys got it all together and we have been talking about it down at the GOI………this guarantee is solid, trust me because we all motivated !
Joy is still happy, this is but one month, and we find the Government pursuant to and end our suffering daily in search of work and very long, but thank God, (will tell a lot and stayed a little) one month is nothing in the calculation of time (Ghamad appointed Fatah appointed concludes month) and then live a decent life.
So tell me Mr. Interviewer what do the Iraqi people have in their hearts…………JOY? I agree with you Sir………I’ve got Joy, Joy, Joy, Joy in my heart. Where? Deep in my heart. Yes I am familiar with that hymn . But why do you have this joy? Because “This is but one month……..” ………..oh I see, you are saying that in ONE month from this article there will be joy. Yes we will still be happy because our government is determined to end our daily suffering in search of work so that we can have a decent life. But what really makes us happy is that we are only having to wait ONE more month. Compared to the years that we have waited my calculator says 30 days is nothing. Then you have Ghamad (time frame to close) that appointed Fatah (which is viewed as a time frame that means to open) to conclude in this month’s time……….well that’s wonderful. No wonder they passed the EL.
We all know that unemployment has serious consequences are caused by crime, terrorism and violence and kidnappings, which in turn affect the reconstruction of Iraq and the provision of electricity, water and the fight against corruption and the appointment of relatives and bribes and the return of the Baathists.
This paragraph shows both sides of an equation. Yes a bad environment only breeds more deploring conditions. Yes of course it takes away the everyday things in life and makes it very difficult to clean up the individuals that thrive on evil. Above all ……….praise God that the old regime of Saddam the Baathists along with their sugar money dedicated only to their clan …….will also come to an end in a month.
One month and raise our hands prayer and praise and thanksgiving and praise to Mr. Nuri al-Maliki on this historic achievement in Iraq, the elimination of unemployment permanently, he said sovereignty.
ONE MONTH…………..from this article they will be whooping and hollering for big M. Landing on the moon was a historic achievement ……….and it will be the same if your sovereignty is given to you by the UN. There is only one way that Iraq can PERMANENTLY remove unemployment ………it’s also THE ONLY WAY that they can be given their freedom of sovereignty. CH7 is the ransom for ……….the RI announcement. They are saying this thankful event will occur in one month………….from this article.
I ask gentlemen, writers and intellectuals, poets, writers and journalists to the valuation step-Maliki and his promise to the historic charge.
Early this year Iraq put out a notice to its educators, doctors, engineers and many other professionals that fled during the war to come back. They offered them money and land and business opportunities………..ma ny of them came back. These leaders are being asked to evaluate the steps that M is taking to accomplish his historic removal of unemployment……….in one month. Journalists …………influence the people of a country. Poets ……..write about the heroes of a country. These intellects will motivate M’s promise.
I call upon scientists heritage and change the famous saying of Proverbs (the religion of a gentleman) to (Maliki promised to religion) valuation and recognition of its sovereignty.
Hear ye, hear ye O great scientists of the land of Iraq. Come and give serious evaluation to what M is doing for the God fearing people of Iraq. You that tell us the science and math of our land, can you recognize that in one month M will make us all a sovereign nation once again? Does your science see the Proverbs of our future? Our country will rise from the ashes once again and give praise to God. Not as one individual at a time, but as a proud nation of a gentleman’s religion.
Only one month and will stand by all the Iraqi glory and pride, boast Japan, Germany and the United States, France, Britain, Switzerland, Denmark, Canada, Luxembourg, Austria, Malaysia, China and other countries in the world, and tell them all Zhou:
“ONLY ONE MONTH……..” and we will be able to proudly stand next to all of you powerful nations………we will be just like you in one month. NO………BETTER YET………..we shall be Zhou. Family…….Zhou was the longest lasting Chinese dynasty in history. Iraq ……….plans to be even greater………in one month. By the way, look at these countries………..do you remember how they were all dealt with in the last three months?
The Prime Minister promised the elimination of unemployment at the end of 2009 so that the final will be dead in Iraq and one for work, so it is able to justify his promise, and eliminate unemployment altogether, Fmalkm you retarded you can not eliminate unemployment?
The focal point to this article is to make sure that everyone understands very clearly M’s goal of putting closure to Iraq’s unemployment ………in one month………..AT THE END OF 2009. FMALKM ……….how stupid of you to “SIT IN YOUR HOUSE” and do absolutely nothing. Why retard the process to eliminate unemployment? Do you not see what is promised to you……..in one month?
Alumblyan mouth will say out loud to Japan: (if well Rola Jean Halitwa promise to the problem of unemployment, MO بس are creating computers and cars) .. We say to the Americans: (Hey what way a great power, and after you can enjoy what Halitwa the unemployment problem is solved, such as our Prime Minister).
ALUMBLYAN will orally have a loud voice that will shout loud and clear to ………..JAPAN………I am ready for you now. Please knock yourself out and go back to work and build for my nation the two most important things that I need……….transportati on and communication. Kindly have it done in a …………”MO”……….that is the abbreviation for month, thank you kindly. Family I will not define ROLA JEAN HALITWA ……….for political reasons. But to finish this paragraph ………if unemployment ends in one month then it is possible that Iraq may have the nerve or should I say permission to treat their people the same way that the USA treats her people. Such are the things that M wants to do.
Only one point I'm scared about it, that remains some of the unemployed up to two or three people in a remote village in Iraq, how they would find al-Maliki to end unemployment, so it does not exploit opponents and say that Weber did not promise?
If promises that are made by a politician are not kept then “WEBER” is to blame………..certainly not M. Family……WEBER is a representation of politicians. All votes are important to a politician. Even those far from the perimeter of Baghdad. Their opinion but most of all their ………..VOTE is very important to Weber. M wants to make sure that every last person in Iraq knows that unemployment will end……….in one month.
Moo compensate the problem of undiscovered dimensions.
PROGRAMMING LANGUAGE would definitely make up for the problems that they are having linking up their computers. Computers open the doors to many dimensions that are being finalized so that there will be no unemployment………..by the end of the month. The fuel that will guarantee M for his ending of unemployment by the end of the month will also be generated by the …………MOO……..Ministry of Oil. They are three dimensional also……..water, natural gas and …………OIL !
Well what do you think Family? The second time around on this article makes a lot of things stand out doesn’t it? What I want you to get out of this article is that when it was written ………30 days later……..IMO……..puts us at the 17th of December 2009. How many of you know that, that is their New Years Eve for 2010? So if we have no RI on the 18th or before that date……….Maliki has seriously made a fool of himself with his promise to end unemployment before the end of 2009. That can be political suicide. A month ago this interview occurred with M ……IMO……..for a very strategical advantage against the political parties that M is running against. Our intel tells us that the Iraqis know exactly what M is talking about and are excited. The dinar is scarce in Iraq because the people are hoarding it. Remember even this article points out ………..what’s the problem, we are only talking about a month. We were told that we should see something before the 21st. I found that interesting because Iraqis made the 21st National……….”Peace Day”. Hmmm………leaving us the last piece of December to cash out.
I have been giving you reports on our connection with the TD bank in Maryland. Today our contact was presented a rare gift. I wanted to share it with you so please enjoy!
Hello Frank,
Today at about 4:30pm I walked into the TD Bank in Maryland and was told by the Branch Manager, that his Iraqi contact was in the bank, he then proceeded to introduce me to this very well dressed, clean-cut guy. This man was the point person for handling contracts in Iraq, and saw millions of dollars pass through his office. He told me that the Iraqi Dinar was a good as DONE, and that the rate would be very good. He said that we should get ready to be seriously impacted by the potential of this investment, and that it was a once in a lifetime event.
He also believes that we are on the verge of something really big, big, big...
BOA……..CHASE……….WELL S FARGO………..CITI BANK have all paid their TARP loans. They needed this money to survive so they said. Then they say………we are paying them back early because we make smart investments. We also don’t want you telling us how to bonus our executives. Intel………..banks have just finalized buying mass amounts of dinars to replace what they just used ………..to pay the loans back. Anybody want to guess which banks they are? For the individual that reads this and rolls his eyes and says …………no way. I say………they found a way. I have always said that NOT ALL BANKS will be allowed to ……….play. There are four major banks that will tell the other banks soon …………if they qualify. Some banks will actually be sacrificial lambs that will be absorbed by the mother bank after the exchange period ends. For example…………Wachovia was bought by WF ………but that doesn’t mean they can play.
KTF,
Frank
I had plans on talking to you about the second day of The Three Days ……….but there are other important things to talk to you about. Depending on TINK’s hand we will see if we can cover it at the end. I am starting out today by taking you back about 28 days ago when M made the RI announcement…….IMO. Let us carefully look over the article that was released ……….pay close attention to this date……..November 17, 2009 .
One month before al-Maliki has promised to end unemployment
Last Updated: Thursday, November 26th, 2009 22:48 Farhan Abdul Sattar Thursday, November 26th, 2009 22:48
I want to talk about each paragraph because buried within this article is a large key that unlocks ……..many things. This article was actually released on the 17th and published within the following week.
There were only one month on the promise, made at the Prime Minister in a speech carried by the Iraqi public and other satellite channels in a campaign trip to the provincial councils.
When putting together the Christmas bicycle gift ……..it is important to consider the first step……..that is to read the instructions very carefully. The paragraph above is telling you that the promise M is making ……….will happen in one month. “There were only one month……..” It is also making the point that this was broadcast to the Iraqi people in all of the provinces of Iraq. Every eye and every ear ……….heard M with their hearts.
Maliki said in his tone was confident of himself Sedknah and our joy too: (at the end of 2009 will not be in Iraq for the unemployed, single work).
When M speaks of Sedknah …….he speaks of the concept of love and joy . Obviously the tone in Maliki when he made the promise that there would be no unemployed at the end of ’09 was with great confidence ………he knew well what he spoke of as he created the PERFUME and a whisper of good taste to His Excellency Sedknah in Oqgualnawofna. Many of you read this article at the speed of light but forgot to ………study it properly. These unknown words to you are the KEY. This type of perfumed love in their culture is used for the coming of a beautiful life in order to achieve the targets that they have set.
I personally felt the joy unspeakable, and given voice to the rule of law in order to guarantee victory and easier the task of the Prime Minister to deliver on his promise to end unemployment in Iraq. He also told me a number of friends they have done the same thing with the same motivation.
You see Family……another gentleman was interviewing M face to face with this article. He goes on to describe his own opinion of the happy positive attitude that M was displaying to him……….even to the point that it was indescribable for him. Then he says that a physical voice has been delivered to a LAW that will RULE in order to guarantee M’s goal of putting an end to unemployment in Iraq. M even goes as far as to say ………yeah man, me and my homys got it all together and we have been talking about it down at the GOI………this guarantee is solid, trust me because we all motivated !
Joy is still happy, this is but one month, and we find the Government pursuant to and end our suffering daily in search of work and very long, but thank God, (will tell a lot and stayed a little) one month is nothing in the calculation of time (Ghamad appointed Fatah appointed concludes month) and then live a decent life.
So tell me Mr. Interviewer what do the Iraqi people have in their hearts…………JOY? I agree with you Sir………I’ve got Joy, Joy, Joy, Joy in my heart. Where? Deep in my heart. Yes I am familiar with that hymn . But why do you have this joy? Because “This is but one month……..” ………..oh I see, you are saying that in ONE month from this article there will be joy. Yes we will still be happy because our government is determined to end our daily suffering in search of work so that we can have a decent life. But what really makes us happy is that we are only having to wait ONE more month. Compared to the years that we have waited my calculator says 30 days is nothing. Then you have Ghamad (time frame to close) that appointed Fatah (which is viewed as a time frame that means to open) to conclude in this month’s time……….well that’s wonderful. No wonder they passed the EL.
We all know that unemployment has serious consequences are caused by crime, terrorism and violence and kidnappings, which in turn affect the reconstruction of Iraq and the provision of electricity, water and the fight against corruption and the appointment of relatives and bribes and the return of the Baathists.
This paragraph shows both sides of an equation. Yes a bad environment only breeds more deploring conditions. Yes of course it takes away the everyday things in life and makes it very difficult to clean up the individuals that thrive on evil. Above all ……….praise God that the old regime of Saddam the Baathists along with their sugar money dedicated only to their clan …….will also come to an end in a month.
One month and raise our hands prayer and praise and thanksgiving and praise to Mr. Nuri al-Maliki on this historic achievement in Iraq, the elimination of unemployment permanently, he said sovereignty.
ONE MONTH…………..from this article they will be whooping and hollering for big M. Landing on the moon was a historic achievement ……….and it will be the same if your sovereignty is given to you by the UN. There is only one way that Iraq can PERMANENTLY remove unemployment ………it’s also THE ONLY WAY that they can be given their freedom of sovereignty. CH7 is the ransom for ……….the RI announcement. They are saying this thankful event will occur in one month………….from this article.
I ask gentlemen, writers and intellectuals, poets, writers and journalists to the valuation step-Maliki and his promise to the historic charge.
Early this year Iraq put out a notice to its educators, doctors, engineers and many other professionals that fled during the war to come back. They offered them money and land and business opportunities………..ma ny of them came back. These leaders are being asked to evaluate the steps that M is taking to accomplish his historic removal of unemployment……….in one month. Journalists …………influence the people of a country. Poets ……..write about the heroes of a country. These intellects will motivate M’s promise.
I call upon scientists heritage and change the famous saying of Proverbs (the religion of a gentleman) to (Maliki promised to religion) valuation and recognition of its sovereignty.
Hear ye, hear ye O great scientists of the land of Iraq. Come and give serious evaluation to what M is doing for the God fearing people of Iraq. You that tell us the science and math of our land, can you recognize that in one month M will make us all a sovereign nation once again? Does your science see the Proverbs of our future? Our country will rise from the ashes once again and give praise to God. Not as one individual at a time, but as a proud nation of a gentleman’s religion.
Only one month and will stand by all the Iraqi glory and pride, boast Japan, Germany and the United States, France, Britain, Switzerland, Denmark, Canada, Luxembourg, Austria, Malaysia, China and other countries in the world, and tell them all Zhou:
“ONLY ONE MONTH……..” and we will be able to proudly stand next to all of you powerful nations………we will be just like you in one month. NO………BETTER YET………..we shall be Zhou. Family…….Zhou was the longest lasting Chinese dynasty in history. Iraq ……….plans to be even greater………in one month. By the way, look at these countries………..do you remember how they were all dealt with in the last three months?
The Prime Minister promised the elimination of unemployment at the end of 2009 so that the final will be dead in Iraq and one for work, so it is able to justify his promise, and eliminate unemployment altogether, Fmalkm you retarded you can not eliminate unemployment?
The focal point to this article is to make sure that everyone understands very clearly M’s goal of putting closure to Iraq’s unemployment ………in one month………..AT THE END OF 2009. FMALKM ……….how stupid of you to “SIT IN YOUR HOUSE” and do absolutely nothing. Why retard the process to eliminate unemployment? Do you not see what is promised to you……..in one month?
Alumblyan mouth will say out loud to Japan: (if well Rola Jean Halitwa promise to the problem of unemployment, MO بس are creating computers and cars) .. We say to the Americans: (Hey what way a great power, and after you can enjoy what Halitwa the unemployment problem is solved, such as our Prime Minister).
ALUMBLYAN will orally have a loud voice that will shout loud and clear to ………..JAPAN………I am ready for you now. Please knock yourself out and go back to work and build for my nation the two most important things that I need……….transportati on and communication. Kindly have it done in a …………”MO”……….that is the abbreviation for month, thank you kindly. Family I will not define ROLA JEAN HALITWA ……….for political reasons. But to finish this paragraph ………if unemployment ends in one month then it is possible that Iraq may have the nerve or should I say permission to treat their people the same way that the USA treats her people. Such are the things that M wants to do.
Only one point I'm scared about it, that remains some of the unemployed up to two or three people in a remote village in Iraq, how they would find al-Maliki to end unemployment, so it does not exploit opponents and say that Weber did not promise?
If promises that are made by a politician are not kept then “WEBER” is to blame………..certainly not M. Family……WEBER is a representation of politicians. All votes are important to a politician. Even those far from the perimeter of Baghdad. Their opinion but most of all their ………..VOTE is very important to Weber. M wants to make sure that every last person in Iraq knows that unemployment will end……….in one month.
Moo compensate the problem of undiscovered dimensions.
PROGRAMMING LANGUAGE would definitely make up for the problems that they are having linking up their computers. Computers open the doors to many dimensions that are being finalized so that there will be no unemployment………..by the end of the month. The fuel that will guarantee M for his ending of unemployment by the end of the month will also be generated by the …………MOO……..Ministry of Oil. They are three dimensional also……..water, natural gas and …………OIL !
Well what do you think Family? The second time around on this article makes a lot of things stand out doesn’t it? What I want you to get out of this article is that when it was written ………30 days later……..IMO……..puts us at the 17th of December 2009. How many of you know that, that is their New Years Eve for 2010? So if we have no RI on the 18th or before that date……….Maliki has seriously made a fool of himself with his promise to end unemployment before the end of 2009. That can be political suicide. A month ago this interview occurred with M ……IMO……..for a very strategical advantage against the political parties that M is running against. Our intel tells us that the Iraqis know exactly what M is talking about and are excited. The dinar is scarce in Iraq because the people are hoarding it. Remember even this article points out ………..what’s the problem, we are only talking about a month. We were told that we should see something before the 21st. I found that interesting because Iraqis made the 21st National……….”Peace Day”. Hmmm………leaving us the last piece of December to cash out.
I have been giving you reports on our connection with the TD bank in Maryland. Today our contact was presented a rare gift. I wanted to share it with you so please enjoy!
Hello Frank,
Today at about 4:30pm I walked into the TD Bank in Maryland and was told by the Branch Manager, that his Iraqi contact was in the bank, he then proceeded to introduce me to this very well dressed, clean-cut guy. This man was the point person for handling contracts in Iraq, and saw millions of dollars pass through his office. He told me that the Iraqi Dinar was a good as DONE, and that the rate would be very good. He said that we should get ready to be seriously impacted by the potential of this investment, and that it was a once in a lifetime event.
He also believes that we are on the verge of something really big, big, big...
BOA……..CHASE……….WELL S FARGO………..CITI BANK have all paid their TARP loans. They needed this money to survive so they said. Then they say………we are paying them back early because we make smart investments. We also don’t want you telling us how to bonus our executives. Intel………..banks have just finalized buying mass amounts of dinars to replace what they just used ………..to pay the loans back. Anybody want to guess which banks they are? For the individual that reads this and rolls his eyes and says …………no way. I say………they found a way. I have always said that NOT ALL BANKS will be allowed to ……….play. There are four major banks that will tell the other banks soon …………if they qualify. Some banks will actually be sacrificial lambs that will be absorbed by the mother bank after the exchange period ends. For example…………Wachovia was bought by WF ………but that doesn’t mean they can play.
KTF,
Frank
ANNONYMOUS POSTER
This is a rumor and I hope you understand .... According to my intel, there are about five confirmations from banks that have confirmed Puerto Rico received at about 11:45 CERTIFICATION THAT THERE WAS A RI at 3.47, AND THAT WILL BE TOMORROW AND SYSTEMS begin shifting ON 17 DECEMBER (THURSDAY) ... This is a rumor .... I was informed. Another source claims it is CONFIRMED.
COLLECTOR POST
None of you know me. I would like to give some info that came straight from my best friend who is in Iraq. He is stationed over there in a position where he is around a lot of people that are in the higher ups in the Iraqi government. Now let me express that he is not in the government but he is around them at all times while he is on duty......
We had a long conversation this morning as we do once a week or so... i have been watching another site talk about the upcoming RV and heard many people saying when it was coming. I ask him last week about it and he
said he had heard nothing but this week he mentioned to me that he had overheard a conversation between two people - one was in the government, and one was a rep for a bank in Iraq.... this was the topic of conversation( The RV was supposed to happen last week but due to some issues with Kuwait it was held up ( he was not really sure what they were talking about ) but from their lips they stated That dinar would be worth something after the 17th he went as far as to say that (joking) that you better hoard what you have until after Thursday......
We had a long conversation this morning as we do once a week or so... i have been watching another site talk about the upcoming RV and heard many people saying when it was coming. I ask him last week about it and he
said he had heard nothing but this week he mentioned to me that he had overheard a conversation between two people - one was in the government, and one was a rep for a bank in Iraq.... this was the topic of conversation( The RV was supposed to happen last week but due to some issues with Kuwait it was held up ( he was not really sure what they were talking about ) but from their lips they stated That dinar would be worth something after the 17th he went as far as to say that (joking) that you better hoard what you have until after Thursday......
GULF NEARS JOINT CURRENCY
Gulf brushes off Iraq oil threat, nears joint currency
(AFP)
15 December 2009, 9:47 PM
KUWAIT CITY - Gulf states on Tuesday brushed off mounting economic threats including Iraq’s plans to massively boost oil output as they strode towards launching their own single currency.
Winding up a two-day summit of the six-nation Gulf Cooperation Council, leaders also issued joint statements to back Saudi Arabia in its fight against Yemeni rebels and opposition to military action against Iran.
But economic issues were at the forefront of talks at the summit held in the shadow of an alarming debt crisis in Dubai, the regional financial hub of key GCC member the United Arab Emirates.
Kuwait said it offered to assist Dubai to repay huge liabilities of its conglomerate Dubai World, but the summit stressed it only dealt with the emirate’s debt woes in the context of the global recession.
“The summit welcomes efforts taken by the member states to contain the impacts of the global economic crisis and expresses confidence in the strength of the Gulf economies and their capabilities to overcome the impacts of the crisis,” a final summit communique said.
At the weekend, Iraq awarded oil contracts to foreign giants at an auction it hopes will hike output to 12 million barrels a day and put it on a par with the world’s top exporter Saudi Arabia, also a GCC member.
But Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah said: “We are not threatened by Iraq’s plans to expand its oil production.”
GCC leaders also decided to take the bullish step of establishing a monetary council and asked its board of directors to take all the necessary measures to issue the single currency.
They did not set a deadline for the introduction of the single currency, with Sheikh Mohammad only saying the project was “on the right track.”
Sheikh Mohammad said the GCC has not decided on the peg of the single currency.
“Our ultimate aim is to create a common Gulf market that is capable of absorbing external economic shocks,” said the Kuwaiti minister, whose country will be the president of the GCC for the coming year.
Only Saudi Arabia, Kuwait, Bahrain and Qatar have signed and ratified the Gulf monetary union pact while the two remaining members United Arab Emirates and Oman have opted out.
The UAE, the Gulf’s second largest economy, pulled out after Riyadh was chosen as the base for the future Gulf central bank, while Oman said it cannot meet the technical prerequisites for the union.
The GCC single currency was initially scheduled to be launched in early 2010 but the summit officially confirmed earlier reports that said the target date was too ambitious and unrealistic.
Turning to political issues, the GCC leaders also affirmed “total backing for Saudi Arabia in facing the aggressions by armed infiltrators, express total solidarity with Saudi Arabia and support its right to defend its territories.”
Addressing a news conference after the summit, Kuwait’s foreign minister said the Gulf states opposed any military action against Iran over its nuclear programme.
“We do not accept any military action against Iran,” Sheikh Mohammad said, adding however that alliance members urged Iran to comply with international resolutions.
GCC secretary general Abdulrahman al-Attiyah said the leaders decided to remove all obstacles obstructing the full implementation of the Gulf customs union launched in 2003.
The Gulf summit also postponed a decision on a proposed multi-billion-dollar railway network and asked the ministers of finance to complete feasibility studies.
The 2,000-kilometre (1,250-mile) network, estimated to cost up to 25 billion dollars, is planned to link Kuwait in the north with Oman in the south, while passing through the remaining four states.
Attiyah also said the summit decided to appoint a new secretary general from Bahrain when his term expires in April 2011. The next summit will be held in the UAE capital Abu Dhabi.
http://www.khaleejtimes.com/DisplayArticle09.asp?xfile=data/middleeast/2009/December/middleeast_December334.xml§ion=middleeast
(AFP)
15 December 2009, 9:47 PM
KUWAIT CITY - Gulf states on Tuesday brushed off mounting economic threats including Iraq’s plans to massively boost oil output as they strode towards launching their own single currency.
Winding up a two-day summit of the six-nation Gulf Cooperation Council, leaders also issued joint statements to back Saudi Arabia in its fight against Yemeni rebels and opposition to military action against Iran.
But economic issues were at the forefront of talks at the summit held in the shadow of an alarming debt crisis in Dubai, the regional financial hub of key GCC member the United Arab Emirates.
Kuwait said it offered to assist Dubai to repay huge liabilities of its conglomerate Dubai World, but the summit stressed it only dealt with the emirate’s debt woes in the context of the global recession.
“The summit welcomes efforts taken by the member states to contain the impacts of the global economic crisis and expresses confidence in the strength of the Gulf economies and their capabilities to overcome the impacts of the crisis,” a final summit communique said.
At the weekend, Iraq awarded oil contracts to foreign giants at an auction it hopes will hike output to 12 million barrels a day and put it on a par with the world’s top exporter Saudi Arabia, also a GCC member.
But Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah said: “We are not threatened by Iraq’s plans to expand its oil production.”
GCC leaders also decided to take the bullish step of establishing a monetary council and asked its board of directors to take all the necessary measures to issue the single currency.
They did not set a deadline for the introduction of the single currency, with Sheikh Mohammad only saying the project was “on the right track.”
Sheikh Mohammad said the GCC has not decided on the peg of the single currency.
“Our ultimate aim is to create a common Gulf market that is capable of absorbing external economic shocks,” said the Kuwaiti minister, whose country will be the president of the GCC for the coming year.
Only Saudi Arabia, Kuwait, Bahrain and Qatar have signed and ratified the Gulf monetary union pact while the two remaining members United Arab Emirates and Oman have opted out.
The UAE, the Gulf’s second largest economy, pulled out after Riyadh was chosen as the base for the future Gulf central bank, while Oman said it cannot meet the technical prerequisites for the union.
The GCC single currency was initially scheduled to be launched in early 2010 but the summit officially confirmed earlier reports that said the target date was too ambitious and unrealistic.
Turning to political issues, the GCC leaders also affirmed “total backing for Saudi Arabia in facing the aggressions by armed infiltrators, express total solidarity with Saudi Arabia and support its right to defend its territories.”
Addressing a news conference after the summit, Kuwait’s foreign minister said the Gulf states opposed any military action against Iran over its nuclear programme.
“We do not accept any military action against Iran,” Sheikh Mohammad said, adding however that alliance members urged Iran to comply with international resolutions.
GCC secretary general Abdulrahman al-Attiyah said the leaders decided to remove all obstacles obstructing the full implementation of the Gulf customs union launched in 2003.
The Gulf summit also postponed a decision on a proposed multi-billion-dollar railway network and asked the ministers of finance to complete feasibility studies.
The 2,000-kilometre (1,250-mile) network, estimated to cost up to 25 billion dollars, is planned to link Kuwait in the north with Oman in the south, while passing through the remaining four states.
Attiyah also said the summit decided to appoint a new secretary general from Bahrain when his term expires in April 2011. The next summit will be held in the UAE capital Abu Dhabi.
http://www.khaleejtimes.com/DisplayArticle09.asp?xfile=data/middleeast/2009/December/middleeast_December334.xml§ion=middleeast
MOTO POST - One Dinar
Will the Iraqi Dinar be revalued?
When will the Iraqi Dinar be revalued?
How will the Iraqi Dinar be revalued?
To put it simply, the Iraqi Dinar is currently worth less than 1/10th of a US penny (Approximately $1000 US dollars buys 1 million Iraqi Dinar). Historically, the Iraqi Dinar has been worth over 3 US dollars for every Iraqi Dinar (Over $3,000,000 US dollars purchased 1 million Iraqi Dinar). Put another way, 1 million Iraqi Dinar is currently worth a little less that 1000 US dollars and historically 1 million Iraqi Dinar has been worth well over $3,000,000.00 US dollars. So, the question is: Will the Iraqi Dinar increase in value? And if so, how? And when?
Let's examine the situation in Iraq and the history of the Dinar. The facts are:
Iraq is an extremely wealthy country when you look at their natural resources and potential GDP. The expert consensus is that Iraq has at least the second largest oil reserves and natural gas reserves in the world. There is strong speculation that Iraq actually has the largest oil and natural gas reserves in the world. Additionally, many people don’t realize that oil from Iraq is some of the world’s cheapest oil to drill and refine—the oil is very “rich” and close to the surface with few impurities or hindrances to drilling. Iraq’s cost of production per barrel of oil is minimal compared to other world oil producers. This all means that Iraq’s profit margins on their oil production are some of the highest in the world. Additionally, Iraq has a vast agricultural system and abundant fresh water supplies from the Tigris and Euphrates rivers---Iraq is known as the “Bread Basket of the Middle East.” Moreover, Iraq has a large and traditionally hardworking productive population. The bottom line is that Iraq has staggering wealth in natural resources and tremendous GNP and GDP.
There is NO WAY the country of Iraq is going to be allowed to decay into a state of instability. Iraq is not Somalia, Vietnam or Rwanda -- It is a strategic Middle Eastern country with tremendous potential wealth. It is in the best interest of every Western country and most Middle Eastern countries for Iraq to succeed as an independent stable economy and country. No Western or Middle Eastern country is going to stand by while Iraqi’s vast oil reserves and wealth fall under the control of a neighboring rouge country or insurgency---it just won’t happen.
(The above was sent to me by dinar bankers out of Atlanta, they sell dinar, both the old and the new. Assuming that they have also placed this on their site; if you care to visit their site you can look it up on Al Gore Internet.) Picked some Christmas colors here!
When will the Iraqi Dinar be revalued?
How will the Iraqi Dinar be revalued?
To put it simply, the Iraqi Dinar is currently worth less than 1/10th of a US penny (Approximately $1000 US dollars buys 1 million Iraqi Dinar). Historically, the Iraqi Dinar has been worth over 3 US dollars for every Iraqi Dinar (Over $3,000,000 US dollars purchased 1 million Iraqi Dinar). Put another way, 1 million Iraqi Dinar is currently worth a little less that 1000 US dollars and historically 1 million Iraqi Dinar has been worth well over $3,000,000.00 US dollars. So, the question is: Will the Iraqi Dinar increase in value? And if so, how? And when?
Let's examine the situation in Iraq and the history of the Dinar. The facts are:
Iraq is an extremely wealthy country when you look at their natural resources and potential GDP. The expert consensus is that Iraq has at least the second largest oil reserves and natural gas reserves in the world. There is strong speculation that Iraq actually has the largest oil and natural gas reserves in the world. Additionally, many people don’t realize that oil from Iraq is some of the world’s cheapest oil to drill and refine—the oil is very “rich” and close to the surface with few impurities or hindrances to drilling. Iraq’s cost of production per barrel of oil is minimal compared to other world oil producers. This all means that Iraq’s profit margins on their oil production are some of the highest in the world. Additionally, Iraq has a vast agricultural system and abundant fresh water supplies from the Tigris and Euphrates rivers---Iraq is known as the “Bread Basket of the Middle East.” Moreover, Iraq has a large and traditionally hardworking productive population. The bottom line is that Iraq has staggering wealth in natural resources and tremendous GNP and GDP.
There is NO WAY the country of Iraq is going to be allowed to decay into a state of instability. Iraq is not Somalia, Vietnam or Rwanda -- It is a strategic Middle Eastern country with tremendous potential wealth. It is in the best interest of every Western country and most Middle Eastern countries for Iraq to succeed as an independent stable economy and country. No Western or Middle Eastern country is going to stand by while Iraqi’s vast oil reserves and wealth fall under the control of a neighboring rouge country or insurgency---it just won’t happen.
(The above was sent to me by dinar bankers out of Atlanta, they sell dinar, both the old and the new. Assuming that they have also placed this on their site; if you care to visit their site you can look it up on Al Gore Internet.) Picked some Christmas colors here!
IRAQ BEGINS PARTICIPATION IN IMF GDDS SYSTEM
http://www.imf.org/external/np/sec/pr/2009/pr09460.htm
Iraq Begins Participation in the IMF’s General Data Dissemination System
Press Release No. 09/460
December 15, 2009
The Republic of Iraq began participating today in the International Monetary Fund’s (IMF’s) General Data Dissemination System (GDDS), marking a major step forward in the development of its statistical system. Comprehensive information on Iraq’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board (http://dsbb.imf.org/Applications/web/gdds/gddscountrylist/).
“Iraq is committed to use the IMF’s General Data Dissemination System as a general framework to continue developing the national statistical system consistent with best international practices,” Dr. Sinan Al-Shabibi, Governor of the Central Bank of Iraq, said. “The participation of Iraq in the GDDS will also lead to the production and dissemination of more reliable and timely statistics.”
Ms. Adelheid Burgi-Schmelz, Director of the IMF’s Statistics Department, welcomed Iraq’s participation in the GDDS. “Iraq’s participation in the GDDS is a major milestone in the country’s statistical development,” she said. “I am confident that Iraq will benefit from using the GDDS as a framework for further development of its statistical system.”
The GDDS was established by the IMF in 1997. It provides a framework to help countries to develop their statistical systems to produce comprehensive and accurate statistics for policymaking and analysis. With the addition of Iraq, 97 countries currently participate in the GDDS.
IMF EXTERNAL RELATIONS DEPARTMENT
Public Affairs Media Relations
Phone: 202-623-7300 Phone: 202-623-7100
Fax: 202-623-6278 Fax: 202-623-6772
Iraq Begins Participation in the IMF’s General Data Dissemination System
Press Release No. 09/460
December 15, 2009
The Republic of Iraq began participating today in the International Monetary Fund’s (IMF’s) General Data Dissemination System (GDDS), marking a major step forward in the development of its statistical system. Comprehensive information on Iraq’s statistical production and dissemination practices now appears on the IMF’s Dissemination Standards Bulletin Board (http://dsbb.imf.org/Applications/web/gdds/gddscountrylist/).
“Iraq is committed to use the IMF’s General Data Dissemination System as a general framework to continue developing the national statistical system consistent with best international practices,” Dr. Sinan Al-Shabibi, Governor of the Central Bank of Iraq, said. “The participation of Iraq in the GDDS will also lead to the production and dissemination of more reliable and timely statistics.”
Ms. Adelheid Burgi-Schmelz, Director of the IMF’s Statistics Department, welcomed Iraq’s participation in the GDDS. “Iraq’s participation in the GDDS is a major milestone in the country’s statistical development,” she said. “I am confident that Iraq will benefit from using the GDDS as a framework for further development of its statistical system.”
The GDDS was established by the IMF in 1997. It provides a framework to help countries to develop their statistical systems to produce comprehensive and accurate statistics for policymaking and analysis. With the addition of Iraq, 97 countries currently participate in the GDDS.
IMF EXTERNAL RELATIONS DEPARTMENT
Public Affairs Media Relations
Phone: 202-623-7300 Phone: 202-623-7100
Fax: 202-623-6278 Fax: 202-623-6772
DGREENFSU66 POST - Dinar Vets
As a Law Enforcement Officer, I have questioned hundreds of suspects, and I have developed numerous informants...when an informant stops talking its cause there is something they are afraid of (getting shot), with that being said, there seems to be a pattern that is developing amongst all the major Dinar site leaders... and that is a lack of Intel flowing to them from informants. Here are some facts that I find interesting-
1) Frank- After 5 years Frank26 goes out on a limb and gives an actual date of RI/RV, then he comes back and says Intel has been cut off...and all is quiet, informants are now tight lipped.
2) Adam- Where is Adam going? And Why? And would that not put him in Kuwait on the 17th?
3) Medic- he states that his sourse in the Treasury has been put on Admin Leave (not good), and he is cut off from a direct Intel sourse.
All three are stating the same thing.... it’s done, the rate is set, and no one is talking. Something is going on..... The biggest statement I have heard was from Maliki himself, to end unemployment in Iraq by the end of the year... for the Arab world, if I am correct, that would be the 18th.... Our President has a better chance of passing a wacked out health care bill than Maliki does to end unemployment.... unless... he pulls the trigger, and can bring real "Hope and Change you can believe in!"
YES WE CAN!!!!
in closing-Why the cut off of intel this past week? After the 11th, it went cold? so what say you???? id like to hear what everyone thinks. This is all just pure speculation and antidotal... I have no contacts and even less Intel, I just analyze what I see and hear. I try my best to filter out all the BS... speaking of that, I do like Possums avatar... reminds me of the Gulf War when his avatar said, Iraqi forces are winning and that there are no Americans in Baghdad...and then an A1 Abrams drives behind him... classic!
1) Frank- After 5 years Frank26 goes out on a limb and gives an actual date of RI/RV, then he comes back and says Intel has been cut off...and all is quiet, informants are now tight lipped.
2) Adam- Where is Adam going? And Why? And would that not put him in Kuwait on the 17th?
3) Medic- he states that his sourse in the Treasury has been put on Admin Leave (not good), and he is cut off from a direct Intel sourse.
All three are stating the same thing.... it’s done, the rate is set, and no one is talking. Something is going on..... The biggest statement I have heard was from Maliki himself, to end unemployment in Iraq by the end of the year... for the Arab world, if I am correct, that would be the 18th.... Our President has a better chance of passing a wacked out health care bill than Maliki does to end unemployment.... unless... he pulls the trigger, and can bring real "Hope and Change you can believe in!"
YES WE CAN!!!!
in closing-Why the cut off of intel this past week? After the 11th, it went cold? so what say you???? id like to hear what everyone thinks. This is all just pure speculation and antidotal... I have no contacts and even less Intel, I just analyze what I see and hear. I try my best to filter out all the BS... speaking of that, I do like Possums avatar... reminds me of the Gulf War when his avatar said, Iraqi forces are winning and that there are no Americans in Baghdad...and then an A1 Abrams drives behind him... classic!
CHKON - Dinar Vets
This is only my opinion based on my limited time in the ME, but interest in the area especially since my investment.
I believe that the recent bombings targeting Iraq's government are Iran and Al Qaeda's continued efforts to destabilize Iraq's fledgling government. It is in their mutual best interest for continued chaos and lack of improvement. The last thing Iran wants is for their hated former opponent to become prosperous, regionally powerful or influential, and definitely NOT a US sponsored democracy.
By keeping Iraq's progress continually challenged, they gain time for themselves and hamper the west's (mostly US) goals for the region. Iran has their own agenda obviously, but Al Qaeda's aims are certainly much the same in the way of their opposition to western involvement in the middle east.
That being said, as I posted in chat earlier, the RV and continued progress in Iraq rejoining the international community is going to happen, and it actually will help them with their security situation over time.
The analogy I used earlier was the intercepted communiques from Zarqawi to the AQ leadership in 2004-2005 bemoaning the fact that it was becoming more difficult and more expensive for his organization to recruit locals to place IEDs. In 2003 he could buy that help for $50 US, by 2005, it was costing him thousands and people were more reluctant to participate as they started.
Iraqi people have become accustomed to seeing the infrastructure improving, schools filling, cell phones, electronics and all the other market items they are getting access to come into their lives. They are increasingly hungry for more of the things that many of the rest of the world take for granted. When your expectations are raised, (kinda like ours are with our investment) you are eager to see things continue to improve and not likely to contribute to a reversal of the trend unless you are a committed ideologue.
If Iraq has a strengthened economy, it will certainly be more difficult to recruit people, not impossible, but more difficult, and three disparate groups (sunni, shia, and Kurds, oh ****, throw the Chaldeans in too) will have more national identity and interest in seeing this country congeal into a more solid entity with a VERY bright future.
Funding for terror will never dry up, and Iran certainly will make every effort to continue being a pain in the ***, as well as Al Qaeda, but all things that we are seeing develop in Iraq point to an RV in the near future. My intuition is that a strengthened economy within Iraq and their elevation in the world community will do alot to help with their security situation.
This is only my opinion folks, so hold the napalm and cluster bomb units, but feel free to disagree. Notice I did NOT give a rate or a date....lol seeing tangible progress in the society around them.
I believe that the recent bombings targeting Iraq's government are Iran and Al Qaeda's continued efforts to destabilize Iraq's fledgling government. It is in their mutual best interest for continued chaos and lack of improvement. The last thing Iran wants is for their hated former opponent to become prosperous, regionally powerful or influential, and definitely NOT a US sponsored democracy.
By keeping Iraq's progress continually challenged, they gain time for themselves and hamper the west's (mostly US) goals for the region. Iran has their own agenda obviously, but Al Qaeda's aims are certainly much the same in the way of their opposition to western involvement in the middle east.
That being said, as I posted in chat earlier, the RV and continued progress in Iraq rejoining the international community is going to happen, and it actually will help them with their security situation over time.
The analogy I used earlier was the intercepted communiques from Zarqawi to the AQ leadership in 2004-2005 bemoaning the fact that it was becoming more difficult and more expensive for his organization to recruit locals to place IEDs. In 2003 he could buy that help for $50 US, by 2005, it was costing him thousands and people were more reluctant to participate as they started.
Iraqi people have become accustomed to seeing the infrastructure improving, schools filling, cell phones, electronics and all the other market items they are getting access to come into their lives. They are increasingly hungry for more of the things that many of the rest of the world take for granted. When your expectations are raised, (kinda like ours are with our investment) you are eager to see things continue to improve and not likely to contribute to a reversal of the trend unless you are a committed ideologue.
If Iraq has a strengthened economy, it will certainly be more difficult to recruit people, not impossible, but more difficult, and three disparate groups (sunni, shia, and Kurds, oh ****, throw the Chaldeans in too) will have more national identity and interest in seeing this country congeal into a more solid entity with a VERY bright future.
Funding for terror will never dry up, and Iran certainly will make every effort to continue being a pain in the ***, as well as Al Qaeda, but all things that we are seeing develop in Iraq point to an RV in the near future. My intuition is that a strengthened economy within Iraq and their elevation in the world community will do alot to help with their security situation.
This is only my opinion folks, so hold the napalm and cluster bomb units, but feel free to disagree. Notice I did NOT give a rate or a date....lol seeing tangible progress in the society around them.
PAPAJACK POST - KTF Missions
I gotta say, I couldn't agree more with the post by pappajack below:
I for one appreciate all of the research Frank and others put into this. The problem is that Iraq says one thing and even sign contracts and then completely go against their word. Even news articles conflict with one another.
How do you deal with liars, you can't believe anything they say which is the nature of POLITICS. It's not Frank's fault or Medics fault or anybody else's fault. It is just that we are dealing with a culture that their word means nothing.
I have seen many good people try to make sense of intel, news, and even rumors only to be bashed for trying to bring hope and make sense of this crazy ride. I'm not being negative but I'm a realist by nature and if something looks like a dog, smells like a dog, and barks like a dog, it's probably a dog.
Everybody has an opinion and they should, but if this doesn't happen by Sunday then they have no substancial reason to do this in a timely manner. Is it true that the US wants this done to get our taxes in 2009? I don't know, how could we?
We have been hearing this is going down this weekend for so long that dates just don't mean anything anymore. But hey I'm just being honest I don't think even Iraq knows when this is going down.
I'm in a lot of financial difficulty right now because I have always kept my word to my own hurt only to be taken advantage of by people that don't. I'm not complaining that's just life but I'm just going to spend time with the Father and get some real answers. That's the only way I know to handle this situation.
I for one appreciate all of the research Frank and others put into this. The problem is that Iraq says one thing and even sign contracts and then completely go against their word. Even news articles conflict with one another.
How do you deal with liars, you can't believe anything they say which is the nature of POLITICS. It's not Frank's fault or Medics fault or anybody else's fault. It is just that we are dealing with a culture that their word means nothing.
I have seen many good people try to make sense of intel, news, and even rumors only to be bashed for trying to bring hope and make sense of this crazy ride. I'm not being negative but I'm a realist by nature and if something looks like a dog, smells like a dog, and barks like a dog, it's probably a dog.
Everybody has an opinion and they should, but if this doesn't happen by Sunday then they have no substancial reason to do this in a timely manner. Is it true that the US wants this done to get our taxes in 2009? I don't know, how could we?
We have been hearing this is going down this weekend for so long that dates just don't mean anything anymore. But hey I'm just being honest I don't think even Iraq knows when this is going down.
I'm in a lot of financial difficulty right now because I have always kept my word to my own hurt only to be taken advantage of by people that don't. I'm not complaining that's just life but I'm just going to spend time with the Father and get some real answers. That's the only way I know to handle this situation.
CHAZMAN POST - One Dinar
Hello everyone,
We've had some discussion about the fact that Maliki has made some seemingly outlandish promises to eliminate unemployment in Iraq by year end. Our thought was that obviously this would be impossible to do between now and December 31.
However, the Islamic New Year is based on a lunar calendar, and therefore occurs on a different day each year. This year (or next year?), New Years Day occurs on December 18, 2009. Maybe Maliki's statement should be seen as a political campaign speech, referring to the end the next Islamic year, which would be December 6, 2010. I don't think there is any way that he would have promised to end unemployment in a couple of day.
We've had some discussion about the fact that Maliki has made some seemingly outlandish promises to eliminate unemployment in Iraq by year end. Our thought was that obviously this would be impossible to do between now and December 31.
However, the Islamic New Year is based on a lunar calendar, and therefore occurs on a different day each year. This year (or next year?), New Years Day occurs on December 18, 2009. Maybe Maliki's statement should be seen as a political campaign speech, referring to the end the next Islamic year, which would be December 6, 2010. I don't think there is any way that he would have promised to end unemployment in a couple of day.
DINAR DADDY'S THOUGHTS
My thoughts...
1) Everyone I speak with, or read, or hear of that seems to be connected is saying it will happen this month.
2) I am expecting it to RV in the $2+ range. Anything higher would be amazing. Anything lower I'd still be grateful for. I'm just ready to get off this ride.
3) I still believe EVERYTHING is done for this to RV. That's what I've been told by many, and I believe them. For some reason, they are holding off with the release/announcement of this... no doubt for political reasons.
4) I just take ALL this information and opinions in. Reading them all helps me gain a broader perspective and foundation of knowledge with which I can establish a reference when I read or hear something new.
5) Frank, according to his latest post, is hoping for the RV sometime this week, by Sunday/Monday of this coming week. I'm hoping he's right. It would be disappointing if Christmas came and went without the official release.
6) When the RV does happen, I will post it on this blog. I will also provide post RV information that may assist you with your options.
1) Everyone I speak with, or read, or hear of that seems to be connected is saying it will happen this month.
2) I am expecting it to RV in the $2+ range. Anything higher would be amazing. Anything lower I'd still be grateful for. I'm just ready to get off this ride.
3) I still believe EVERYTHING is done for this to RV. That's what I've been told by many, and I believe them. For some reason, they are holding off with the release/announcement of this... no doubt for political reasons.
4) I just take ALL this information and opinions in. Reading them all helps me gain a broader perspective and foundation of knowledge with which I can establish a reference when I read or hear something new.
5) Frank, according to his latest post, is hoping for the RV sometime this week, by Sunday/Monday of this coming week. I'm hoping he's right. It would be disappointing if Christmas came and went without the official release.
6) When the RV does happen, I will post it on this blog. I will also provide post RV information that may assist you with your options.
ITALIAN FM: IRAQ WILL STRONGLY RECOVER
December 15, 2009 - 12:54:10
BAGHDAD / Aswat al-Iraq: Italian Foreign Minister Franco Frattini on Tuesday said that Iraq will strongly recover and restore its role on the regional and international scenes, the Iraqi Foreign Ministry said on Tuesday.
This came during Iraqi Foreign Minister Hoshyar Zebari’s meeting with his Italian counterpart on the sidelines of the meetings of the Joint Iraqi-Italian Committee, held on Monday evening in Rome, according to the ministry’s official web site.
The Italian official has expressed his full support for the Iraqi government in its efforts to establish security and stability and to build a democratic state.
Frattini has condemned the recent wave of blasts that ripped through the country.
The meeting was attended by the deputy foreign minister, Labeed Abbawi; the head of the political planning department, Fareed Kamel Yaseem; and Iraqi the chargé d’affaires in Rome, Shamel Abdulaziz Mohammed.
http://en.aswataliraq.info/?p=123557
BAGHDAD / Aswat al-Iraq: Italian Foreign Minister Franco Frattini on Tuesday said that Iraq will strongly recover and restore its role on the regional and international scenes, the Iraqi Foreign Ministry said on Tuesday.
This came during Iraqi Foreign Minister Hoshyar Zebari’s meeting with his Italian counterpart on the sidelines of the meetings of the Joint Iraqi-Italian Committee, held on Monday evening in Rome, according to the ministry’s official web site.
The Italian official has expressed his full support for the Iraqi government in its efforts to establish security and stability and to build a democratic state.
Frattini has condemned the recent wave of blasts that ripped through the country.
The meeting was attended by the deputy foreign minister, Labeed Abbawi; the head of the political planning department, Fareed Kamel Yaseem; and Iraqi the chargé d’affaires in Rome, Shamel Abdulaziz Mohammed.
http://en.aswataliraq.info/?p=123557
18DELTA CHAT
18DELTA says to (07:55:07): ALL I WAS DOING WAS GIVING A LESSON IN EACH COMPLEX ISSUE THAT WAS INVOLVED OR GOING ON IN IRAQ
18DELTA says to (07:55:27): TO SHOW WHAT WAS ON THE PLATE OF THE IRAQI GOVT
18DELTA says to (07:55:53): THIS IS A COUNTRY THAT PROCRASTINATED FOR ALMOST 6 YEARS
18DELTA says to (07:56:59): PASSING NO LEGISLATION AND NOT TRYING TO RESOLVE ANY OF THE ISSUES THAT WERE NEEDED TO MAKE IRAQ BE RECOGNIZED AS TRULY A SOVEREIGN NATION THAT COULD BE TRUSTED.
ljpaint says to (07:58:31): 18delta then we are not waiting on VII to be complete just the RV
18DELTA says to (07:58:36): IT WAS NOT UNTIL OBAMA ADMINISTRATION MADE IT PERFECTLY CLEAR THEY WILL HAVE TO STAND ON THEIR OWN TWO FEET. THAT THEY FELT THE PRESSURE TO MOVE FORWARD. THAT THE DAY OF THE FREE LUNCH WAS OVER. THAT THE U.S. WANTED NOW TO SEE THE BENEFITS OF LOSING 4700 LIVES AND SPENDING ALMOST 1 TRILLION USD.
18DELTA says to (07:58:52): NO I NEVER SAID WE WERE WAITING FOR CHAPTER VII EVER.
18DELTA says to (08:00:03): A TEACHING LESSON IN HISTORY SO THAT PEOPLE HAD SOME UNDERSTANDING OF THE ISSUES THAT WERE FACING THE GOI. THEN WHEN THESE THINGS WERE MENTIONED. INSTEAD OF THE FOOLISH FEARFUL ?'S
18DELTA says to (08:00:24): THEY WOULD HAVE SOME BACKGROUND
18DELTA says to (08:00:36): BUT THEN INSTEAD OF IT JUST BEING A FYI
18DELTA says to (08:00:57): IT TURNED INTO THAT I WAS SAYING THIS HAD TO BE OR ELSE NO RV
18DELTA says to (08:01:30): THE CENTRAL BANK OF IRAQ IS THE ONLY AUTHORITY THAT CAN OR DID AUTHORIZE THE RV.
18DELTA says to (08:01:52): NOONE ELSE IN IRAQI GOVT HAS THE RIGHT OR AUTHORITY BY THE CONSTITUTION.
18DELTA says to (08:02:35): CBI ALREADY MADE IT PERFECTLY KNOWN AT THE ISTANBUL MEETINGS OF CENTRAL BANKS ON FEB 16. THAT THEY WERE GOING TO RV.
18DELTA says to (08:02:57): THIS IS FACT. IT WAS STATED BY THE SR ADVISOR TO THE CENTRAL BANK
18DELTA says to (08:03:14): NOW THE RV WAS APPROVED AND RELEASED BY CBI
18DELTA says to (08:03:29): AFTER THAT AS WAS ALSO STATED BY SHABIBI IN AUGUST
18DELTA says to (08:03:36): WHEN THEY RELEASE IT TO THE GOI
18DELTA says to (08:03:52): THEN WHAT EVER HAPPENS AFTER THAT IS THE GOI'S RESPONSIBILITY
18DELTA says to (08:04:34): UNTIL THEN IT IS THE CENTRAL BANKS RESPONSIBILITY TO STILL MAINTAIN THE STABLE RATE OF 1170 THROUGH A MANAGED OR DIRTY FLOAT
18DELTA says to (08:04:41): WHICH IS WHAT CBI IS DOING
18DELTA says to (08:05:10): NOW IT IS IN THE HANDS OF MALIKI
18DELTA says to (08:05:20): WE KNOW HE HAS SIGNED IT
18DELTA says to (08:05:31): BUT ALL WE KNOW IS THIS
18DELTA says to (08:05:59): THAT AS OF LAST FRIDAY ACCORDING TO THE WARKA EXECS AT CITIBANK CORPORATE OFFICES
18DELTA says to (08:06:11): THERE ARE ISSUES WITH SYSTEM FAILURES
18DELTA says to (08:06:38): AND WHEN THEY DO ANNOUNCE IT MUST BE COORDINATED AND SENT TO ALL NATIONS AT THE SAME TIME.
18DELTA says to (08:07:03): NOW I HAVE NO OTHER REASON GIVEN ME OUT OF IRAQ
18DELTA says to (08:07:23): IF ANYONE HAS BETTER INTEL I AM WILLING TO LISTEN. BUT NOT JUST OPINIONS
18DELTA says to (08:13:19): ACTUALLY LAST NIGHT WAS THE LEAST OF THE 3 DAYS SO FAR THIS WEEK FOR THE PURCHASE OF DINAR WITH USD
18DELTA says to (08:13:48): NOW THE AUCTIONS ARE COMPLEX
18DELTA says to (08:13:59): BUT FOR A SIMPLE KISS EXPLANATION
18DELTA says to (08:14:17): THE LARGER TRANSFERS OUT IS NOT THE SALE OF IQD
18DELTA says to (08:14:58): THE ONLY AMOUNT THAT IS ASSOCIATED WITH THE SALE OF IQD
18DELTA says to (08:15:03): IS THE USD TAKEN IN
18DELTA says to (08:15:12): NOW THAT ALSO IS MISLEADING
18DELTA says to (08:15:34): SINCE CBI IS MANAGING THE IQD'S RATE THROUGH A DIRTY FLOAT
18DELTA says to (08:16:08): IT MEANS THEY PERSONALLY ARE MANIPULATING THE RATE OF THE DINAR NOT THE WORLDS WANT OR USE OF IT THEMSELVES
18DELTA says to (08:16:21): AND THE REASON IS:
18DELTA says to (08:16:35): NOBODY HAS A USE FOR IT BUT BROKERS AND TRADERS
18DELTA says to (08:17:22): OUTSIDE OF THE COUNTRY
18DELTA says to (08:17:31): IS THIS NOT TRUE?
18DELTA says to (08:17:33): YES OR NO
18DELTA says to (08:18:10): I WILL EXPLAIN THE DIRTY FLOAT TO YOU ALL
CPK says to (08:18:11):
A question for clarification. Can we accurately assume that the revalue has taken place since there is a rate, that we know of, at least has been posted here, and that the only thing holding it from going forward is the GOI's release of it for public trade? Am I right? There has been some conflicting terminology on here that I sometimes just need to read between the lines. Thanks for all you do 18Delta.
18DELTA says to (08:19:00): OK I NEVER GIVE CONFLICTING STATEMENTS ON WHERE THE IQD IS STANDING AND WHY.
18DELTA says to (08:19:15): NO I DO NOT THINK THE TARP MONEY IS FROM IQD
18DELTA says to (08:19:32):
IT IS FROM THE FACT THAT IT WAS NEVER USED BY THE BANKS
18DELTA says to (08:19:38): OK CPK
18DELTA says to (08:19:40): NP
antyspot says to (08:19:48): 18DElta now I understand more of what you are saying. I listened last night but did not say anything
18DELTA says to (08:19:58): ALL THE BANKS ARE DOING IS RETURNING THE MONEY THEY NEVER SPENT
18DELTA says to (08:20:14): YES SEVERAL COUNTRIES HOLD THE IQD
wareagle says to (08:20:17): yes I was told by Chase that they were required to take the Tarp money by the govt and just turned around at the first payment date and paid it all back
18DELTA says to (08:20:24): BUT WE ARE NOT BIDDING ON IT
18DELTA says to (08:20:58): FRANCE ACCEPTS PAYMENT IN IQD AND JUST BANKS IT FOR FUTURE USE AFTER POST RV
18DELTA says to (08:21:18): CHINA DID ALSO
18DELTA says to (08:21:34): THEY ACTUALLY BOUGHT UP TBILLS AND CBI BILLS
18DELTA says to (08:24:20): When a central bank intervenes with a floating exchange rate, the rate is called a "managed float." The method of exchange is still a float, but the bank will provide money if the exchange rates are dropping. The central bank has control over the exchange rate of the currency: if the rate is dropping, they will supply money to bring it up again.
wareagle says to (08:24:49): 18delta do you think there is a REAL push for this to get done by EOM? Do you think the conflicting articles about Maliki running or not running for re-elections and also the elections being delayed to March?
18DELTA says to (08:24:54): THAT IS AS SIMPLE I CAN GET ON WHAT IT IS.
18DELTA says to (08:25:23): OK THE ELECTIONS HAVE AN OFFICIAL DATE
18DELTA says to (08:25:48): THIS IS BECAUSE OF THE MANDATORY 90 DAYS NEEDED BY THE ELECTION COMMISSION
18DELTA says to (08:25:57): AND BY THE CONSTITUTION OF IRAQ
18DELTA says to (08:26:51): EVEN THOUGH THE BLOCS AND HASHEMI FORCED A VIOLATION OF THE CONSTITUTION AND VIOLATED A MANDATORY UN MANDATE FOR THE ELECTION LAW TO BE IN PLACE.
BRB59 says to (08:27:19): Do you think. maybe Iraq is just printing IQD and not have resourses,at this time to cover them all
18DELTA says to (08:27:37): OK IRAQ DOES NOT PRINT ANYTHING
18DELTA says to (08:27:44): SO PLEASE JUST FORGET THAT
wareagle says to (08:27:48): BRB they have loads of gold to cover themselves
18DELTA says to (08:27:57): THE PRINTING OF THE IQD HAS STOPPED
18DELTA says to (08:28:02): LONG AGO
apaca55 says to (08:28:17): us prints iqd
drjklii says to (08:28:19): I have a question: 18Delta, you mentioned "coordinated" effort to get the word out. IYO, can't Maliki make the phone call and have Reuters/forex/sites disseminate information effectively now? Or does Iraq nation need to be fully up and running before they will even consider? I guess the ? is what does "up and running" really mean to the rest of world
18DELTA says to (08:28:48): UMM NO IT JUST DOESN'T WORK LIKE THAT
18DELTA says to (08:28:59): FOREX IS NOT AN OFFICIAL ANYTHING
julesd says to (08:29:11): How long?
18DELTA says to (08:29:24): IT IS A COMPANY THAT PROFITS FROM CURRENCY TRADING AND PAIRINGS
18DELTA says to (08:29:36): DOES IT MATTER HOW LONG
18DELTA says to (08:29:38): REALLY
18DELTA says to (08:30:09): When a central bank intervenes with a floating exchange rate, the rate is called a "managed float." The method of exchange is still a float, but the bank will provide money if the exchange rates are dropping. The central bank has control over the exchange rate of the currency: if the rate is dropping, they will supply money to bring it up again.
18DELTA says to (08:45:44): THERE CANNOT BE AN RV WHEN USD HAS BEEN ACCEPTED AND IQD HAS BEEN SOLD UNTIL THE CENTRAL BANK HAS CLOSED FOR THE DAY
18DELTA says to (08:46:05): IF THE USD IS $0 FOR AN AUCTION THEN THEY CAN
joejaboah says to (08:46:23): and do they close at our 9 a.m. eastern time??
wmilo says to (08:46:33): So Medic is all we are waiting for is the Technical Computer issues to be resolved...???
wareagle says to (08:47:02): What is your thoughts on EOM, especially knowing that their New Year is the 18th etc.?
18DELTA says to (08:47:07): ACCORDING TO THE ONLY INFO AND EXPLANATION OUT OF IRAQ
18DELTA says to (07:55:27): TO SHOW WHAT WAS ON THE PLATE OF THE IRAQI GOVT
18DELTA says to (07:55:53): THIS IS A COUNTRY THAT PROCRASTINATED FOR ALMOST 6 YEARS
18DELTA says to (07:56:59): PASSING NO LEGISLATION AND NOT TRYING TO RESOLVE ANY OF THE ISSUES THAT WERE NEEDED TO MAKE IRAQ BE RECOGNIZED AS TRULY A SOVEREIGN NATION THAT COULD BE TRUSTED.
ljpaint says to (07:58:31): 18delta then we are not waiting on VII to be complete just the RV
18DELTA says to (07:58:36): IT WAS NOT UNTIL OBAMA ADMINISTRATION MADE IT PERFECTLY CLEAR THEY WILL HAVE TO STAND ON THEIR OWN TWO FEET. THAT THEY FELT THE PRESSURE TO MOVE FORWARD. THAT THE DAY OF THE FREE LUNCH WAS OVER. THAT THE U.S. WANTED NOW TO SEE THE BENEFITS OF LOSING 4700 LIVES AND SPENDING ALMOST 1 TRILLION USD.
18DELTA says to (07:58:52): NO I NEVER SAID WE WERE WAITING FOR CHAPTER VII EVER.
18DELTA says to (08:00:03): A TEACHING LESSON IN HISTORY SO THAT PEOPLE HAD SOME UNDERSTANDING OF THE ISSUES THAT WERE FACING THE GOI. THEN WHEN THESE THINGS WERE MENTIONED. INSTEAD OF THE FOOLISH FEARFUL ?'S
18DELTA says to (08:00:24): THEY WOULD HAVE SOME BACKGROUND
18DELTA says to (08:00:36): BUT THEN INSTEAD OF IT JUST BEING A FYI
18DELTA says to (08:00:57): IT TURNED INTO THAT I WAS SAYING THIS HAD TO BE OR ELSE NO RV
18DELTA says to (08:01:30): THE CENTRAL BANK OF IRAQ IS THE ONLY AUTHORITY THAT CAN OR DID AUTHORIZE THE RV.
18DELTA says to (08:01:52): NOONE ELSE IN IRAQI GOVT HAS THE RIGHT OR AUTHORITY BY THE CONSTITUTION.
18DELTA says to (08:02:35): CBI ALREADY MADE IT PERFECTLY KNOWN AT THE ISTANBUL MEETINGS OF CENTRAL BANKS ON FEB 16. THAT THEY WERE GOING TO RV.
18DELTA says to (08:02:57): THIS IS FACT. IT WAS STATED BY THE SR ADVISOR TO THE CENTRAL BANK
18DELTA says to (08:03:14): NOW THE RV WAS APPROVED AND RELEASED BY CBI
18DELTA says to (08:03:29): AFTER THAT AS WAS ALSO STATED BY SHABIBI IN AUGUST
18DELTA says to (08:03:36): WHEN THEY RELEASE IT TO THE GOI
18DELTA says to (08:03:52): THEN WHAT EVER HAPPENS AFTER THAT IS THE GOI'S RESPONSIBILITY
18DELTA says to (08:04:34): UNTIL THEN IT IS THE CENTRAL BANKS RESPONSIBILITY TO STILL MAINTAIN THE STABLE RATE OF 1170 THROUGH A MANAGED OR DIRTY FLOAT
18DELTA says to (08:04:41): WHICH IS WHAT CBI IS DOING
18DELTA says to (08:05:10): NOW IT IS IN THE HANDS OF MALIKI
18DELTA says to (08:05:20): WE KNOW HE HAS SIGNED IT
18DELTA says to (08:05:31): BUT ALL WE KNOW IS THIS
18DELTA says to (08:05:59): THAT AS OF LAST FRIDAY ACCORDING TO THE WARKA EXECS AT CITIBANK CORPORATE OFFICES
18DELTA says to (08:06:11): THERE ARE ISSUES WITH SYSTEM FAILURES
18DELTA says to (08:06:38): AND WHEN THEY DO ANNOUNCE IT MUST BE COORDINATED AND SENT TO ALL NATIONS AT THE SAME TIME.
18DELTA says to (08:07:03): NOW I HAVE NO OTHER REASON GIVEN ME OUT OF IRAQ
18DELTA says to (08:07:23): IF ANYONE HAS BETTER INTEL I AM WILLING TO LISTEN. BUT NOT JUST OPINIONS
18DELTA says to (08:13:19): ACTUALLY LAST NIGHT WAS THE LEAST OF THE 3 DAYS SO FAR THIS WEEK FOR THE PURCHASE OF DINAR WITH USD
18DELTA says to (08:13:48): NOW THE AUCTIONS ARE COMPLEX
18DELTA says to (08:13:59): BUT FOR A SIMPLE KISS EXPLANATION
18DELTA says to (08:14:17): THE LARGER TRANSFERS OUT IS NOT THE SALE OF IQD
18DELTA says to (08:14:58): THE ONLY AMOUNT THAT IS ASSOCIATED WITH THE SALE OF IQD
18DELTA says to (08:15:03): IS THE USD TAKEN IN
18DELTA says to (08:15:12): NOW THAT ALSO IS MISLEADING
18DELTA says to (08:15:34): SINCE CBI IS MANAGING THE IQD'S RATE THROUGH A DIRTY FLOAT
18DELTA says to (08:16:08): IT MEANS THEY PERSONALLY ARE MANIPULATING THE RATE OF THE DINAR NOT THE WORLDS WANT OR USE OF IT THEMSELVES
18DELTA says to (08:16:21): AND THE REASON IS:
18DELTA says to (08:16:35): NOBODY HAS A USE FOR IT BUT BROKERS AND TRADERS
18DELTA says to (08:17:22): OUTSIDE OF THE COUNTRY
18DELTA says to (08:17:31): IS THIS NOT TRUE?
18DELTA says to (08:17:33): YES OR NO
18DELTA says to (08:18:10): I WILL EXPLAIN THE DIRTY FLOAT TO YOU ALL
CPK says to (08:18:11):
A question for clarification. Can we accurately assume that the revalue has taken place since there is a rate, that we know of, at least has been posted here, and that the only thing holding it from going forward is the GOI's release of it for public trade? Am I right? There has been some conflicting terminology on here that I sometimes just need to read between the lines. Thanks for all you do 18Delta.
18DELTA says to (08:19:00): OK I NEVER GIVE CONFLICTING STATEMENTS ON WHERE THE IQD IS STANDING AND WHY.
18DELTA says to (08:19:15): NO I DO NOT THINK THE TARP MONEY IS FROM IQD
18DELTA says to (08:19:32):
IT IS FROM THE FACT THAT IT WAS NEVER USED BY THE BANKS
18DELTA says to (08:19:38): OK CPK
18DELTA says to (08:19:40): NP
antyspot says to (08:19:48): 18DElta now I understand more of what you are saying. I listened last night but did not say anything
18DELTA says to (08:19:58): ALL THE BANKS ARE DOING IS RETURNING THE MONEY THEY NEVER SPENT
18DELTA says to (08:20:14): YES SEVERAL COUNTRIES HOLD THE IQD
wareagle says to (08:20:17): yes I was told by Chase that they were required to take the Tarp money by the govt and just turned around at the first payment date and paid it all back
18DELTA says to (08:20:24): BUT WE ARE NOT BIDDING ON IT
18DELTA says to (08:20:58): FRANCE ACCEPTS PAYMENT IN IQD AND JUST BANKS IT FOR FUTURE USE AFTER POST RV
18DELTA says to (08:21:18): CHINA DID ALSO
18DELTA says to (08:21:34): THEY ACTUALLY BOUGHT UP TBILLS AND CBI BILLS
18DELTA says to (08:24:20): When a central bank intervenes with a floating exchange rate, the rate is called a "managed float." The method of exchange is still a float, but the bank will provide money if the exchange rates are dropping. The central bank has control over the exchange rate of the currency: if the rate is dropping, they will supply money to bring it up again.
wareagle says to (08:24:49): 18delta do you think there is a REAL push for this to get done by EOM? Do you think the conflicting articles about Maliki running or not running for re-elections and also the elections being delayed to March?
18DELTA says to (08:24:54): THAT IS AS SIMPLE I CAN GET ON WHAT IT IS.
18DELTA says to (08:25:23): OK THE ELECTIONS HAVE AN OFFICIAL DATE
18DELTA says to (08:25:48): THIS IS BECAUSE OF THE MANDATORY 90 DAYS NEEDED BY THE ELECTION COMMISSION
18DELTA says to (08:25:57): AND BY THE CONSTITUTION OF IRAQ
18DELTA says to (08:26:51): EVEN THOUGH THE BLOCS AND HASHEMI FORCED A VIOLATION OF THE CONSTITUTION AND VIOLATED A MANDATORY UN MANDATE FOR THE ELECTION LAW TO BE IN PLACE.
BRB59 says to (08:27:19): Do you think. maybe Iraq is just printing IQD and not have resourses,at this time to cover them all
18DELTA says to (08:27:37): OK IRAQ DOES NOT PRINT ANYTHING
18DELTA says to (08:27:44): SO PLEASE JUST FORGET THAT
wareagle says to (08:27:48): BRB they have loads of gold to cover themselves
18DELTA says to (08:27:57): THE PRINTING OF THE IQD HAS STOPPED
18DELTA says to (08:28:02): LONG AGO
apaca55 says to (08:28:17): us prints iqd
drjklii says to (08:28:19): I have a question: 18Delta, you mentioned "coordinated" effort to get the word out. IYO, can't Maliki make the phone call and have Reuters/forex/sites disseminate information effectively now? Or does Iraq nation need to be fully up and running before they will even consider? I guess the ? is what does "up and running" really mean to the rest of world
18DELTA says to (08:28:48): UMM NO IT JUST DOESN'T WORK LIKE THAT
18DELTA says to (08:28:59): FOREX IS NOT AN OFFICIAL ANYTHING
julesd says to (08:29:11): How long?
18DELTA says to (08:29:24): IT IS A COMPANY THAT PROFITS FROM CURRENCY TRADING AND PAIRINGS
18DELTA says to (08:29:36): DOES IT MATTER HOW LONG
18DELTA says to (08:29:38): REALLY
18DELTA says to (08:30:09): When a central bank intervenes with a floating exchange rate, the rate is called a "managed float." The method of exchange is still a float, but the bank will provide money if the exchange rates are dropping. The central bank has control over the exchange rate of the currency: if the rate is dropping, they will supply money to bring it up again.
18DELTA says to (08:45:44): THERE CANNOT BE AN RV WHEN USD HAS BEEN ACCEPTED AND IQD HAS BEEN SOLD UNTIL THE CENTRAL BANK HAS CLOSED FOR THE DAY
18DELTA says to (08:46:05): IF THE USD IS $0 FOR AN AUCTION THEN THEY CAN
joejaboah says to (08:46:23): and do they close at our 9 a.m. eastern time??
wmilo says to (08:46:33): So Medic is all we are waiting for is the Technical Computer issues to be resolved...???
wareagle says to (08:47:02): What is your thoughts on EOM, especially knowing that their New Year is the 18th etc.?
18DELTA says to (08:47:07): ACCORDING TO THE ONLY INFO AND EXPLANATION OUT OF IRAQ
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