I have a rumor I wish to share. I won't give the source or anything... just something I heard:
Health Care bill to pass in U.S. (speculated that votes bought with IQD by Obama / bill FUNDED by IQD) ... Chapter 7 to be lifted tomorrow in Iraq... We will know soon enough if this is true. Let's hope! :) Senate to vote on Health Care bill at 1am Christmas Eve (Wednesday Night... er Thurs@1 AM)
Monday, December 21, 2009
SFMEDIC CHAT - Dinar Speculator
ONE MISTAKE AND IT WAS NOT DONE ON PURPOSE BY GBPATTON TO HURT ANYONE. THERE IS NO AND I MEAN NO INTEL OR INFO IS WITHOUT FLAWS, AND I EXPLAINED TO HIM THAT HE CAN'T GUARANTEE ANYTHING. THAT THE DYNAMICS INVOLVED IN IRAQ CAN'T LET A GUARANTEE HAPPEN BY ANYONE UNTIL IT IS ACTUALLY ANNOUNCED BY MALIKI. WE ARE ONLY WISHFUL THINKING. I NEED TO MAKE SOMETHING CLEAR WHY I STAY
IT IS NOT TO GET INFO OR INTEL FOR MYSELF FROM ANYONE ON HERE. I HAVE THE BEST SOURCE POSSIBLE FROM MY CLOSE FRIEND LANACHY. WHEN HE TELLS ME IT IS DONE, IT IS DONE. BUT I STAY FOR ALL THOSE WHO HAVE BASED THEIR FUTURES ON THIS INVESTMENT. THEY HAVE HOOKED INTO IT TO SAVE THEIR HOMES AND GIVE THEIR FAMILIES A BETTER LIFE THROUGH THE LOSS OF JOBS ETC. I GET SO MANY HEART WRENCHING STORIES BEGGING ME TO HELP THEM. THE ONLY WAY I CAN HELP IS BY GIVING THEM "HOPE"
THAT IS WHY I HAVE DINAR SPECULATOR.
I WILL TELL YOU THE BEST HOPE I CAN GIVE AND IT IS BASED ON EXTENSIVE DISCUSSIONS WITH LANACHY AND HIS CORPORATE FRIENDS WHO HAVE BEEN KIND ENOUGH TO ASSIST THIS SITE. 30 DAYS BEFORE ELECTIONS WOULD BE THE WORST SCENARIO. NOW THE INFO I PASSED ON FROM THE CBI EMPLOYEE IS NOT MADE UP BY ME TO MAKE YOU FEEL GOOD. IT IS ONLY HER OPINION ON WHAT THEY DISCUSS OR HEAR AT CBI. YOU WILL HAVE YOUR DAY. DO I KNOW OR ANYONE KNOW THE EXACT DAY. HECK NO!
AT LEAST FROM WHO WE CAN TALK TO, AND AS GOD IS MY WITNESS, WE HAVE TALKED TO CENTRAL BANK OF KUWAIT AND CENTRAL BANK OF EUROPE SO MANY TIMES, AND THEY ARE JUST SOONER THAN LATER AND CBK THINKS THAT IRAQ IS A JOKE. THAT THEY HAVE THIS OPPORTUNITY TO HELP THEIR PEOPLE AND CAN'T GET THE COURAGE TO DO IT.
NOW FOLLOW AS I SAID MANY MANY MONTHS AGO THE IMF. THE IMF IS THE TELL TALE SIGN OF WHAT IS GOING ON. IT IS NOT ALI OR SOME SS SOURCE OR SOMEONE WHO HAS A FRIEND IN IRAQ. THE IMF IS THE CURRENCY POLICE OF THE WORLD, AND THE RECENT EVENTS THAT HAVE COME ABOUT WITH IRAQ AND THE IMF IS VERY VERY PROMISING. THEY ARE THE PRELUDE TO AN RV OR THE IQD TO BE INTERNATIONAL. THIS IMF GDDS IS A FACT WE CAN SEE AND HOLD ONTO. THEY WILL EVENTUALLY HAVE IT FULLY IMPLEMENTED AND THIS MESS WILL BE ):
INSTEAD OF CHECKING FOREX OR OTHER SITES, FOLLOW THE IMF. I DO NOT WANT ANYONE TO POST ON HERE EVER AGAIN THAT IT IS A GUARANTEE OF A REVALUE. THAT IS ALL I CAN OFFER YOU. I HOPE FOR YOU ALL THAT IS ENOUGH. THANKS SO VERY MUCH FOR THE SUPPORT YOU GIVE ME AND THIS SITE. THAT IS ALL I HAVE.
LATER CHAT...
--------------------------------------------------------------------------------
NOW IT IS IN TIMING... THE INFO THAT CAME FROM CBI IS SOUND AND HONEST. IT DOES NOT GUARANTEE ANYTHING, ONLY RAMISH'S OPINION. IT IS NOT AT CBI. THANK GOD IT IS THAT FAR. IT IS A PAWN IN A GAME OF POLITICS. THE ELECTIONS ARE MARCH 7, SO YOU HAVE JAN AND FEB, 59 DAYS. NOW DECEMBER YOU WILL HAVE ALOT TO DO. SO THEY WILL GO BY FAST. WHAT HIS THINKING AND MINE AT THE WORST CASE SCENARIO IS 30 DAYS OUT FOR MALIKI TO GET THE MOST BENEFIT FROM THE RV. NOW THAT WAS NOT BASED ON ANY INTEL. IT WAS BASED ON HIS YEARS AS A PROFESSIONAL ECONOMIST. NOW WE ALSO DISCUSSED THAT BECAUSE OF DYNAMICS. WHO KNOWS IF HE WILL BRING IT OUT EARLY OR NOT. WE KNOW THIS THAT THE PEOPLE ARE VERY RESTLESS IN IRAQ AND PATIENCE IS THIN.
MALIKI HAS BROUGHT NOTHING TO THE TABLE SO FAR. HE CAN'T CLAIM SUCCESS FOR THE ELECTION LAW BECAUSE IT WAS THE U.S. AND THE UN THAT MADE IT GO THROUGH. HAS THE HCL PASSED? NO. WAS IT MALIKI WHO GOT THE KURDS TO GET THE OIL FLOWING AGAIN? NO IT WAS TALIBANI. WHEN MALIKI CAME TO THE U.S. TO GET THEM OUT OF CHAPTER VII WHAT HAPPENED? NOTHING. HE AND THE MINISTER OF FOREIGN AFFAIRS WENT HOME WITH EGG ON THEIR FACE. SINCE THE U.S. LEFT THE CITIES WHAT HAS HAPPENED UNDER HIS WATCH? HIS OWN RELATIVE TRIED TO ASSASSINATE HIM. SHABIBI HAD AN ASSASSINATION ATTEMPT HUNDREDS HAVE BEEN KILLED IN BOMBINGS. HE HAS PROMISED ON 26 NOVEMBER TO ELIMINATE UNEMPLOYMENT BY EOY 2009. WELL WE GOT 10 DAYS FOR 7 MILLION PEOPLE TO GET UNEMPLOYED
I WANT TO SEE THAT MIRACLE. SO HE IS NOT IN A GOOD SPOT. HE IS ONLY RUNNING UNOPPOSED IN HIS DISTRICT, NOT IN THE REST OF IRAQ. HE WON BY ONE VOTE LAST TIME IN PARLIAMENT, AND HIS CRAP IS WEAK, VERY WEAK.
ONLY ARROGANCE WOULD KEEP HIM FROM REALIZING THIS SO READING ABOVE WHAT I HAVE POSTED. WHAT IS MALIKI GOING TO SAY ARE HIS ACCOMPLISHMENTS? THAT THE U.S. IS LEAVING BECAUSE HE FORCED US TO?
WE ARE LEAVING BECAUSE WE DECIDED TO. NOT FOR ANY OTHER REASON. OK SO ALL DONE. I WISH ALL OF YOU THE BEST XMAS YOU COULD EVERY HAVE IN YOUR LIFE. NOT BECAUSE OF GIFTS. BUT THE ONES WHO LOVE YOU AND FOR ME THAT HAS HAD TO BE ENOUGH MANY TIMES AT XMAS. THANKS AGAIN ALL!
DINAR DADDY'S THOUGHTS
Here's what I'm thinking.... when you don't know what else to do in football, on offense you can always.... PUNT! So, that's what I'm thinking! Let's PUNT! LOL! :)
I'm as confused as the rest of you. What I'm holding on to right now is that the ISX is closed from now through the 4th of January. I'm hoping this unprecedented down-time for the Iraqi Stock Exchange is done for the purpose of recalibrating rates and stock prices. We'll see! Also Warka Bank isn't allowing transfers of money from the US to their bank over this period of time. Again, maybe another sign.
If this time period comes and goes with no significant change, I'd say the next time period would be til March 7th, as that is the Iraqi's elections, then I'd say we've got til June 15, 2010 (based on the review date given to Iraq for their protection of their DFI funds) that should show something. If not then, then the end of 2010, as that was expressly said as a condition for the DFI protection extension awarded to Iraq today.
So, basically I'm confused in a organized kind of way. lol! These are just my thoughts, but just like EVERYONE ELSE, I'm probably wrong. So, here's to hoping!
I'm as confused as the rest of you. What I'm holding on to right now is that the ISX is closed from now through the 4th of January. I'm hoping this unprecedented down-time for the Iraqi Stock Exchange is done for the purpose of recalibrating rates and stock prices. We'll see! Also Warka Bank isn't allowing transfers of money from the US to their bank over this period of time. Again, maybe another sign.
If this time period comes and goes with no significant change, I'd say the next time period would be til March 7th, as that is the Iraqi's elections, then I'd say we've got til June 15, 2010 (based on the review date given to Iraq for their protection of their DFI funds) that should show something. If not then, then the end of 2010, as that was expressly said as a condition for the DFI protection extension awarded to Iraq today.
So, basically I'm confused in a organized kind of way. lol! These are just my thoughts, but just like EVERYONE ELSE, I'm probably wrong. So, here's to hoping!
SONNY1 CHAT - Dinar Vets
[sonny1] before everyone bashes me, i would like to say safe and happy holidays to all
[sonny1] i would like to have some answers, butmy dubai buds asked for me to give it til the u.s new year before i lean into them
[sonny1] you know when you get something, and you go with it and it doesnt work, you look like an a.s.s
[sonny1] man was i getting lit up on the forum
[sonny1] dont mod the room, ill take the heat
[sonny1] Bonnie they saked me to wait til the u.s new year, they get there info from the editor of the
kaleegz times
sonny1] asked
[larrylo] I want to be alive when it happens
[sonny1] larrylo no s.h.i.t
[tbush] Sonny1, spill the beans on your opinion....
[sonny1] tbush my opinion is it will happen
[sonny1] my opinion is it will go down, what all the wrong info tells me is no civilian knows
[mmcglone2] sonny1 ....is sixty days a resonable time frame for the RV now? That you could guess to?
[sonny1] mmcglone2 thats honest
[tbush] Sonny1 what is your thought of a low rv below 1.00???
[sonny1] tbush above. 1.40- ish
[sonny1] value wont go down
[sonny1] 1.40ish
[kaperoni] sonny1 what ur thought on the HCL?
[sonny1] kaperoni well there are articles out there that say hcl wont get passed til after elections
[Dazzleu] Sonny1, do you think the RV will happen on Jan 1, 2010
[sonny1] Dazzleu probably not on the first, but i would like to think around it
[sonny1] ill take a few questions, even though i dont know anythin,
[Jonathan] Still holding on to your Dec 21st date?
[sonny1] Jonathan dude thats today
[sonny1] hey listen i was wrong, i get that, im sorry i want it to rv to. All that say im a pumper are idiots i work 60 hours a week away from my family to produce a living
[sonny1] i do think it will happen, i think 1.40ish, i think it could be anytime, that should answer a few
[sonny1] thanks for being cool everybody, i truly thought it was over today
[sonny1] you guys are awesome, happy holidays, once again im sorry
[sonny1] i would like to have some answers, butmy dubai buds asked for me to give it til the u.s new year before i lean into them
[sonny1] you know when you get something, and you go with it and it doesnt work, you look like an a.s.s
[sonny1] man was i getting lit up on the forum
[sonny1] dont mod the room, ill take the heat
[sonny1] Bonnie they saked me to wait til the u.s new year, they get there info from the editor of the
kaleegz times
sonny1] asked
[larrylo] I want to be alive when it happens
[sonny1] larrylo no s.h.i.t
[tbush] Sonny1, spill the beans on your opinion....
[sonny1] tbush my opinion is it will happen
[sonny1] my opinion is it will go down, what all the wrong info tells me is no civilian knows
[mmcglone2] sonny1 ....is sixty days a resonable time frame for the RV now? That you could guess to?
[sonny1] mmcglone2 thats honest
[tbush] Sonny1 what is your thought of a low rv below 1.00???
[sonny1] tbush above. 1.40- ish
[sonny1] value wont go down
[sonny1] 1.40ish
[kaperoni] sonny1 what ur thought on the HCL?
[sonny1] kaperoni well there are articles out there that say hcl wont get passed til after elections
[Dazzleu] Sonny1, do you think the RV will happen on Jan 1, 2010
[sonny1] Dazzleu probably not on the first, but i would like to think around it
[sonny1] ill take a few questions, even though i dont know anythin,
[Jonathan] Still holding on to your Dec 21st date?
[sonny1] Jonathan dude thats today
[sonny1] hey listen i was wrong, i get that, im sorry i want it to rv to. All that say im a pumper are idiots i work 60 hours a week away from my family to produce a living
[sonny1] i do think it will happen, i think 1.40ish, i think it could be anytime, that should answer a few
[sonny1] thanks for being cool everybody, i truly thought it was over today
[sonny1] you guys are awesome, happy holidays, once again im sorry
EXPECTED TO PASS BUDGET JAN 2010
http://translate.googleusercontent.c...MrfYs3Fj4WgJYg
Conscious / MP Taha shield is expected to pass a budget next 2010 Month
Conscious / Baghdad / n. And
21/12/2009 10:47 pm
A member of the House of Representatives Taha shield he did not expect authentication Budgetary Assembly of the country this month, despite the absence of many differences though some things and some items need to debate more.
The shield in a telephone conversation مWith (the Iraqi Media News Agency / conscious) that "the House of Representatives need to attend the Minister of Finance To ask him on some items so I expect Be approving the budget During the first month Of 2010. "
The shield to read the budget first and second readings The existing Open debate about them, indicating that the budget for 2010 Will be better than budget The previous year and the political blocs in accordance Passed on, but you need time. "
Conscious / MP Taha shield is expected to pass a budget next 2010 Month
Conscious / Baghdad / n. And
21/12/2009 10:47 pm
A member of the House of Representatives Taha shield he did not expect authentication Budgetary Assembly of the country this month, despite the absence of many differences though some things and some items need to debate more.
The shield in a telephone conversation مWith (the Iraqi Media News Agency / conscious) that "the House of Representatives need to attend the Minister of Finance To ask him on some items so I expect Be approving the budget During the first month Of 2010. "
The shield to read the budget first and second readings The existing Open debate about them, indicating that the budget for 2010 Will be better than budget The previous year and the political blocs in accordance Passed on, but you need time. "
TOMORROW WILL NOT SEE ADOPTION OF 2009 BUDGET
http://translate.googleusercontent.c...xrwjNlCk28Z7jw
Conscious / MP Sabah al-Saadi: tomorrow will not see the adoption of the general budget for 2009
Conscious / Baghdad / ن.و N. And
21/12/2009 10:01 pm
A member of the Iraqi Parliament Sabah al-Saadi on the mass of the Islamic Virtue that the ministries have not been closed so far accounts within the general budget for 2009 and now claims illegal.
Saadi said in a telephone conversation with (the Iraqi Media News Agency / conscious) to ministries that work directly after the approval by the general budget for 2010 and the completion of fiscal year 2009 and claim the allocation of money demand is not illegal and has to submit final accounts to us know what exchange rate of the 2009 budget And what had not been cashed, especially investment budgets, but for the operational budgets are available naturally such as salaries and goods and other activities, but the investment budgets should submit the account to the House of Representatives and the relevant committees of the Council and will be evaluated on this basis, performance level of these ministries and thus assess Mansttia that we give to these ministries of the draft budgets and financial investment could accomplish in the coming period on the one hand from either the other hand, I think that tomorrow will not be a vote on the budget because we need to study deeply and accurately because the budget will be applied by the government, which will come after the current government and so we need to setting a strategy that can build upon the next government, its Ministers. "
Conscious / MP Sabah al-Saadi: tomorrow will not see the adoption of the general budget for 2009
Conscious / Baghdad / ن.و N. And
21/12/2009 10:01 pm
A member of the Iraqi Parliament Sabah al-Saadi on the mass of the Islamic Virtue that the ministries have not been closed so far accounts within the general budget for 2009 and now claims illegal.
Saadi said in a telephone conversation with (the Iraqi Media News Agency / conscious) to ministries that work directly after the approval by the general budget for 2010 and the completion of fiscal year 2009 and claim the allocation of money demand is not illegal and has to submit final accounts to us know what exchange rate of the 2009 budget And what had not been cashed, especially investment budgets, but for the operational budgets are available naturally such as salaries and goods and other activities, but the investment budgets should submit the account to the House of Representatives and the relevant committees of the Council and will be evaluated on this basis, performance level of these ministries and thus assess Mansttia that we give to these ministries of the draft budgets and financial investment could accomplish in the coming period on the one hand from either the other hand, I think that tomorrow will not be a vote on the budget because we need to study deeply and accurately because the budget will be applied by the government, which will come after the current government and so we need to setting a strategy that can build upon the next government, its Ministers. "
PM MALIKI LETTER TO PRESIDENT OF UNSC
Letter dated 13 Dec 2009 from the Prime Minister of Iraq addressed to the President of the Security Council
I refer to my letter dated 7 December 2008 addressed to the President of the Security Council, in which I made it clear that Iraq is committed to finding a satisfactory solution to the problem of the debts and claims that it inherited from the previous regime. In that letter, I expressed the wish of the Government of Iraq that the temporary assistance provided by the international community should continue, in order to permit that goal to be achieved. I also made it clear that the Government of Iraq recognizes that the Development Fund for Iraq plays an important role in ensuring that oil and gas revenues are employed in the best interests of the Iraqi people, and that the International Advisory and Monitoring Board helps to ensure that those resources are managed in a transparent and responsible fashion. In 2010, the Government of Iraq will make appropriate arrangements for the Development Fund for Iraq and International Advisory and Monitoring Board, with a view to ensuring that oil revenue continues to be used fairly and in the interests of the Iraqi people. Such arrangements will be in keeping with the Constitution and with international best practices with respect to transparency, accountability and integrity. Here, I should like to affirm that in 2009, the Government of Iraq made great progress in settling the above-mentioned debts and claims, including by concluding agreements on the reduction of sovereign debt and other bilateral agreements concerning certain claims.
During the remainder of 2009 and in 2010, we will take action to recover the international financial standing of Iraq while at the same time managing oil and gas revenues in order to benefit the people of Iraq.
Those goals cannot be achieved without the continued assistance of the international community by means of the adoption of a Security Council resolution whereby the conditions and arrangements provided for in resolution 1859 (2008) are extended. That resolution concerned the extension of the mandates of the Development Fund for Iraq and the International Advisory and Monitoring Board for a period of 12 months. A review of the new extension should be conducted before 15 June 2010 at the request of the Government of Iraq.
I should be grateful if you would circulate this letter to the members of the Security Council as soon as possible and include it as an annex to the resolution currently being drafted on the extension of the mandates referred to above.
Accept, Sir, the assurances of my highest consideration.
(Signed) Nuri Kamel al-Maliki
Prime Minister of the Republic of Iraq
13 December 2009
I refer to my letter dated 7 December 2008 addressed to the President of the Security Council, in which I made it clear that Iraq is committed to finding a satisfactory solution to the problem of the debts and claims that it inherited from the previous regime. In that letter, I expressed the wish of the Government of Iraq that the temporary assistance provided by the international community should continue, in order to permit that goal to be achieved. I also made it clear that the Government of Iraq recognizes that the Development Fund for Iraq plays an important role in ensuring that oil and gas revenues are employed in the best interests of the Iraqi people, and that the International Advisory and Monitoring Board helps to ensure that those resources are managed in a transparent and responsible fashion. In 2010, the Government of Iraq will make appropriate arrangements for the Development Fund for Iraq and International Advisory and Monitoring Board, with a view to ensuring that oil revenue continues to be used fairly and in the interests of the Iraqi people. Such arrangements will be in keeping with the Constitution and with international best practices with respect to transparency, accountability and integrity. Here, I should like to affirm that in 2009, the Government of Iraq made great progress in settling the above-mentioned debts and claims, including by concluding agreements on the reduction of sovereign debt and other bilateral agreements concerning certain claims.
During the remainder of 2009 and in 2010, we will take action to recover the international financial standing of Iraq while at the same time managing oil and gas revenues in order to benefit the people of Iraq.
Those goals cannot be achieved without the continued assistance of the international community by means of the adoption of a Security Council resolution whereby the conditions and arrangements provided for in resolution 1859 (2008) are extended. That resolution concerned the extension of the mandates of the Development Fund for Iraq and the International Advisory and Monitoring Board for a period of 12 months. A review of the new extension should be conducted before 15 June 2010 at the request of the Government of Iraq.
I should be grateful if you would circulate this letter to the members of the Security Council as soon as possible and include it as an annex to the resolution currently being drafted on the extension of the mandates referred to above.
Accept, Sir, the assurances of my highest consideration.
(Signed) Nuri Kamel al-Maliki
Prime Minister of the Republic of Iraq
13 December 2009
PROOF YOUR IQD TRADE IS NOT TAXABLE
OPINION PIECE BY "DARKSTAR" OF DINAR VETS - 12/21/09
There is a persistent insistence on this forum about the eventual exchange of IQD for large amounts of FRNs as being a taxable activity. Let's look at what the IRS and Congress have to say about it.
First, you must know that there is one thing and one thing only that is taxed under Subtitle A of the Internal Revenue Code, and that is any "gains, profits, or income" derived from ANY source in the course of public office in the "United States." Put another way -- the ONLY activity taxed under Subtitle A is "gains, profits or income" in the course of a "trade or business." There is NOTHING else under Subtitle A that is taxed. Sure, remuneration for labor or capital gain is taxed, but you have to remember to keep the language in its proper context. These things are taxed ONLY in the course of a "trade or business." NOTHING ELSE! Period! (Dissenters welcome -- provide proof)
26 USC 7701(a)(26) defines "trade or business" as follows:
Quote:
The term "trade or business" includes the performance of the functions of a public office.
"Includes?" Everyone knows what that means....or....maybe not.
26 USC 7701(c) defines the term "includes" as follows:
Quote:
The terms “includes” and “including” when used in a definition contained in this title shall not be deemed to exclude other things otherwise within the meaning of the term defined.
Geee! Is there anyone out there in dinar land that is wondering why Congress would create such a confusing and convoluted definition that must be followed exclusive to the standard canons of statutory construction? There is a standard treatment in law of the term "include," but we have here IRS legal terms of art .... "includes" and "including." Is anyone suspicious as to why? Come on!! Wake up!!!
So we see, the term "includes" is a term of enlargement. But that enlargement ONLY extends to other things within the meaning of "public office" so defined. In essence, the term "trade or business" ONLY includes the excise taxable ACTIVITY of public office in the "United States" and related "positions" and "employments." The measure of activity is in-turn taxed by the "gains, profits, and income" affiliated with THAT activity. Since anyone engaged in such "United States" activity is taxed on their $$$ earned in the course of that activity -- it is easily misunderstood that anyone earning $$$ must therefore also be subject to the tax. READ THAT LAST PART AGAIN, IT SHOULD ESCAPE NO ONE. Do you think your misunderstanding of this is an unfortunate "accident?" (The term "United States" in this instance refers to the Federal Government. But that is a topic for another thread.)
Now, let's examine exactly what the Internal Revenue Code says about information returns obtained at "source," as in "whatever source derived." I'll hi-lite the narrowly defined legal terms so you know what it is really saying.
26 USC 6041 states:
Quote:
(a) Payments of $600 or more
All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments to which section 6042 (a)(1), 6044 (a)(1), 6047 (e), 6049 (a), or 6050N (a) applies, and other than payments with respect to which a statement is required under the authority of section 6042 (a)(2), 6044 (a)(2), or 6045), of $600 or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income, and the name and address of the recipient of such payment.
Most of this language is a holdover from the original Revenue Act of 1862, including the reporting threshold of $600, which for any of you who have a basic knowledge of tax history will immediately recognize.
Now this is the ONLY provision in Subtitle A which dictates when and why information returns, such as 1099s are to be issued. Are there any challengers to this out there in dinar land? Please provide the legal language if you disagree.
Now, this language is very clear as to what is reportable, and what is not. I keep reading posts from ill-informed, "patriotic" Americans on this forum who think it their duty to provide the IMF with a percentage of their God-given bounty (provided that IQD RV bounty occureth – don’t hold your breath). Since when? Do you all understand the provisions and limitations on Direct Taxes and capitations are still in force in our Constitution? Do you realize the Federal Income Tax is an Indirect Tax levied on "gains, profits, and incomes" derived from the EXCISE TAXABLE ACTIVITY of making money in association with the "United States" (government)? This would also include bringing the government into the mix by VOLUNTARILY submitting a W-4 [see 26 USC 3402(p)(3)] Do you realize that if you are not in a "public office" or other related "position" or "employment" with the "United States" that such a tax against your IQD would be an un-apportioned direct tax and capitation? Do you realize that they have camouflaged the legal terms associated with this excise taxable ACTIVITY to appear as broadly understood words that people understand as part of their every day lexicon? ALL of the items that are taxed under the Federal Income Tax, whether it be from labor, capital investment, rents, etc, etc ...... are ONLY taxed on the "officers" of the "United States," and of course those who SWEAR under penalty of perjury on their tax returns that they are.....regardless if they naively do so or not!
If, for example, the trade of stocks, or other financial instruments are taxable in a broad way such as many on this forum believe, then they would be taxable for all people. Remember, in an earlier post where I mentioned that Citizens of any of the 50 Union states are "foreign" and thus "alien" to the Federal Legal venue. If they also do not "reside" in Federal Territory, they are legally categorized as "nonresident." Thus, an American domiciled and living (there is a difference) in a Union state is a "nonresident alien." Let's look at what Publication 519, "Tax Guide for Aliens" says about such financial investments (pg 18):
Now this is only provided to show you that there ARE instances when these things are NOT taxable. For those of you who are ill-informed about these things, I provide you these insights as a means to "wake you up," and implore you to do your own due diligence.
I encourage healthy skepticism and debate. No mindless, sheep banter. Turn off the TV and think for yourselves. You have been lied to by the establishment, and your brainwashing is nearly complete. The truth will not contradict itself. I have provided you plain, black and white evidence with explanation. You are benefiting from years of qualified and expert legal background. But again, maybe I'm a hack who has no idea what I'm talking about. You can't believe anything from anyone, much less an internet forum. So think for yourselves. But I speak the truth. He who has eyes to see let him see. He who has ears to hear let him hear.
Quote:
When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.
Donald James (1931-2008)
There is a persistent insistence on this forum about the eventual exchange of IQD for large amounts of FRNs as being a taxable activity. Let's look at what the IRS and Congress have to say about it.
First, you must know that there is one thing and one thing only that is taxed under Subtitle A of the Internal Revenue Code, and that is any "gains, profits, or income" derived from ANY source in the course of public office in the "United States." Put another way -- the ONLY activity taxed under Subtitle A is "gains, profits or income" in the course of a "trade or business." There is NOTHING else under Subtitle A that is taxed. Sure, remuneration for labor or capital gain is taxed, but you have to remember to keep the language in its proper context. These things are taxed ONLY in the course of a "trade or business." NOTHING ELSE! Period! (Dissenters welcome -- provide proof)
26 USC 7701(a)(26) defines "trade or business" as follows:
Quote:
The term "trade or business" includes the performance of the functions of a public office.
"Includes?" Everyone knows what that means....or....maybe not.
26 USC 7701(c) defines the term "includes" as follows:
Quote:
The terms “includes” and “including” when used in a definition contained in this title shall not be deemed to exclude other things otherwise within the meaning of the term defined.
Geee! Is there anyone out there in dinar land that is wondering why Congress would create such a confusing and convoluted definition that must be followed exclusive to the standard canons of statutory construction? There is a standard treatment in law of the term "include," but we have here IRS legal terms of art .... "includes" and "including." Is anyone suspicious as to why? Come on!! Wake up!!!
So we see, the term "includes" is a term of enlargement. But that enlargement ONLY extends to other things within the meaning of "public office" so defined. In essence, the term "trade or business" ONLY includes the excise taxable ACTIVITY of public office in the "United States" and related "positions" and "employments." The measure of activity is in-turn taxed by the "gains, profits, and income" affiliated with THAT activity. Since anyone engaged in such "United States" activity is taxed on their $$$ earned in the course of that activity -- it is easily misunderstood that anyone earning $$$ must therefore also be subject to the tax. READ THAT LAST PART AGAIN, IT SHOULD ESCAPE NO ONE. Do you think your misunderstanding of this is an unfortunate "accident?" (The term "United States" in this instance refers to the Federal Government. But that is a topic for another thread.)
Now, let's examine exactly what the Internal Revenue Code says about information returns obtained at "source," as in "whatever source derived." I'll hi-lite the narrowly defined legal terms so you know what it is really saying.
26 USC 6041 states:
Quote:
(a) Payments of $600 or more
All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments to which section 6042 (a)(1), 6044 (a)(1), 6047 (e), 6049 (a), or 6050N (a) applies, and other than payments with respect to which a statement is required under the authority of section 6042 (a)(2), 6044 (a)(2), or 6045), of $600 or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income, and the name and address of the recipient of such payment.
Most of this language is a holdover from the original Revenue Act of 1862, including the reporting threshold of $600, which for any of you who have a basic knowledge of tax history will immediately recognize.
Now this is the ONLY provision in Subtitle A which dictates when and why information returns, such as 1099s are to be issued. Are there any challengers to this out there in dinar land? Please provide the legal language if you disagree.
Now, this language is very clear as to what is reportable, and what is not. I keep reading posts from ill-informed, "patriotic" Americans on this forum who think it their duty to provide the IMF with a percentage of their God-given bounty (provided that IQD RV bounty occureth – don’t hold your breath). Since when? Do you all understand the provisions and limitations on Direct Taxes and capitations are still in force in our Constitution? Do you realize the Federal Income Tax is an Indirect Tax levied on "gains, profits, and incomes" derived from the EXCISE TAXABLE ACTIVITY of making money in association with the "United States" (government)? This would also include bringing the government into the mix by VOLUNTARILY submitting a W-4 [see 26 USC 3402(p)(3)] Do you realize that if you are not in a "public office" or other related "position" or "employment" with the "United States" that such a tax against your IQD would be an un-apportioned direct tax and capitation? Do you realize that they have camouflaged the legal terms associated with this excise taxable ACTIVITY to appear as broadly understood words that people understand as part of their every day lexicon? ALL of the items that are taxed under the Federal Income Tax, whether it be from labor, capital investment, rents, etc, etc ...... are ONLY taxed on the "officers" of the "United States," and of course those who SWEAR under penalty of perjury on their tax returns that they are.....regardless if they naively do so or not!
If, for example, the trade of stocks, or other financial instruments are taxable in a broad way such as many on this forum believe, then they would be taxable for all people. Remember, in an earlier post where I mentioned that Citizens of any of the 50 Union states are "foreign" and thus "alien" to the Federal Legal venue. If they also do not "reside" in Federal Territory, they are legally categorized as "nonresident." Thus, an American domiciled and living (there is a difference) in a Union state is a "nonresident alien." Let's look at what Publication 519, "Tax Guide for Aliens" says about such financial investments (pg 18):
Now this is only provided to show you that there ARE instances when these things are NOT taxable. For those of you who are ill-informed about these things, I provide you these insights as a means to "wake you up," and implore you to do your own due diligence.
I encourage healthy skepticism and debate. No mindless, sheep banter. Turn off the TV and think for yourselves. You have been lied to by the establishment, and your brainwashing is nearly complete. The truth will not contradict itself. I have provided you plain, black and white evidence with explanation. You are benefiting from years of qualified and expert legal background. But again, maybe I'm a hack who has no idea what I'm talking about. You can't believe anything from anyone, much less an internet forum. So think for yourselves. But I speak the truth. He who has eyes to see let him see. He who has ears to hear let him hear.
Quote:
When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.
Donald James (1931-2008)
BREITLING CHAT - Dinar Speculator
ok guys sorry. Why i am going to do is go over with information we have about what has been going on, and then give information om up coming events that may apply to us. I talked to med this AM , i told him i wanted to give one more talk beore i head out for xmas. Some of this stuff already has been talked about, but i want to lay it all out best i can. You guys need to thank TDurden. He is always on top of this. Ok, lets get started...
Wanted to have a small powwow with you all, This information is so you can get a more correct view at what we have been looking at this past year. This is has two objectives. One is to give out facts only about what has transpired out of Iraq in the last year that involves the currency. The other is to lay out on the table upcoming events. We are also doing this so you can get this data into your head and make your own educated guess as to what your looking at.
We want you to be able to understand how to look at this in part, and maybe come up with your own conclusions. The past year they set out with the agenda to keep a stable rate and to crush inflation. They have done this by using the Auction floor at the CBI to buy and sell dinar. This dinar was bought and sold over and over again , and what it did was create a market or demand for the currency. Also they set out on a campaign to drive the value up in other countries by creating a high demand. To do this they have been giving out false information on rates and RV dates. This helped the demand for the Iraqi currency. In fact the Dinar is the most favored currency among speculators on the planet. So, you all had a hand in keeping the demand high.
This year they also got the ISX going. This allowed outside investors to get into trading in Iraq,
About 90 % of people trading on the ISX are outside of iraq. The Trade Bank of Iraq set up using Reuters, the system to trade internationally, now this is big. They have auctioned off all the main oil fields. They have set up the IMF dissemination system. They have sustained the rate for 1 year , this is also important. It has dropped ZERO in one year. Dropped inflation to the point they are one of the lowest inflated countries on the planet. Citibank sent 50 billion in IQD to TBI , Trade Bank of Iraq. I still am working on what that means. Iraq also offered to buy back dinar from Dubai , and Jordan as far as we know there were others. So, as you can see they have been busy building a free market system.... Med just called told me the 50 billion in IQD sent through warka to the TBI was for "Bearer Mechanisms". ok all that information was to help in part 1 sustain a rate to prove iraq can keep one and also to set up a market for post RV market.
Now lets put onto the table dates and event that apply. Very good news! Dec 22nd - Jan 4th the ISX will be down for two weeks. The oil contracts will be signed between the 20th and the 30th of December. The 21st is the last day of the Iraqi fiscal year. The 22nd is the first day of the new Iraqi fiscal year. the new Iraq budget comes out, I think, on the 30th Dec. The election is coming up March 7th. OPEC meeting on the 22nd Dec. DFI just renewed until Dec 31, 2010. So there you have it. This is the exact list of info we have to follow the money and the banks. Now you all have it. Done.
Wanted to have a small powwow with you all, This information is so you can get a more correct view at what we have been looking at this past year. This is has two objectives. One is to give out facts only about what has transpired out of Iraq in the last year that involves the currency. The other is to lay out on the table upcoming events. We are also doing this so you can get this data into your head and make your own educated guess as to what your looking at.
We want you to be able to understand how to look at this in part, and maybe come up with your own conclusions. The past year they set out with the agenda to keep a stable rate and to crush inflation. They have done this by using the Auction floor at the CBI to buy and sell dinar. This dinar was bought and sold over and over again , and what it did was create a market or demand for the currency. Also they set out on a campaign to drive the value up in other countries by creating a high demand. To do this they have been giving out false information on rates and RV dates. This helped the demand for the Iraqi currency. In fact the Dinar is the most favored currency among speculators on the planet. So, you all had a hand in keeping the demand high.
This year they also got the ISX going. This allowed outside investors to get into trading in Iraq,
About 90 % of people trading on the ISX are outside of iraq. The Trade Bank of Iraq set up using Reuters, the system to trade internationally, now this is big. They have auctioned off all the main oil fields. They have set up the IMF dissemination system. They have sustained the rate for 1 year , this is also important. It has dropped ZERO in one year. Dropped inflation to the point they are one of the lowest inflated countries on the planet. Citibank sent 50 billion in IQD to TBI , Trade Bank of Iraq. I still am working on what that means. Iraq also offered to buy back dinar from Dubai , and Jordan as far as we know there were others. So, as you can see they have been busy building a free market system.... Med just called told me the 50 billion in IQD sent through warka to the TBI was for "Bearer Mechanisms". ok all that information was to help in part 1 sustain a rate to prove iraq can keep one and also to set up a market for post RV market.
Now lets put onto the table dates and event that apply. Very good news! Dec 22nd - Jan 4th the ISX will be down for two weeks. The oil contracts will be signed between the 20th and the 30th of December. The 21st is the last day of the Iraqi fiscal year. The 22nd is the first day of the new Iraqi fiscal year. the new Iraq budget comes out, I think, on the 30th Dec. The election is coming up March 7th. OPEC meeting on the 22nd Dec. DFI just renewed until Dec 31, 2010. So there you have it. This is the exact list of info we have to follow the money and the banks. Now you all have it. Done.
UNSC EXTENDS DFI PROTECTION THROUGH 2010
UNSC extends arrangements for deposit of Iraqi oil revenues until Dec. 2010
Politics 12/21/2009 8:44:00 PM
UNITED NATIONS, Dec 21 (KUNA) -- Noting Iraq's progress in the security, political and economic fields, while recognizing that the country still needed regional and international support in order to advance further, the Security Council on Monday decided to extend until 31 December 2010 arrangements for depositing the revenues from its oil and gas sales into the Development Fund for Iraq (DFI).
Acting unanimously under Chapter VII of the UN Charter, the council also extended the task of the International Advisory and Monitoring Board (IAMB) in overseeing the Fund for the same period.
The Council also decided that those decisions would be reviewed upon request by the Government of Iraq or no later than 15 June 2010.
The council requested the Secretary-General to provide written reports to the council on a quarterly basis, with the first report no later than April 1st, on the progress made in strengthening financial and administrative oversight of the current DFI, as well as the legal issues and options to be considered to implement successor arrangements and an assessment of Iraq's progress in preparing for the successor arrangements for the Fund.
The council also called on the Iraqi Government to put in place the necessary action plan and timeline by April 2010 and to ensure the timely and effective transition to a post-Development Fund mechanism by next December, which takes into account IMF stand-by arrangement requirements and includes external auditing arrangements and enables Iraq to meet its obligations.
It further requested Iraq through the head of the Committee of Financial Experts (COFE) to report to the council on a quarterly basis, with the first report no later that next April to provide an action plan and timeline for the transition from the DFI and details on the progress made in strengthening financial and administrative oversight of the Fund, with subsequent quarterly reports to provide an assessment of progress against the action plan and oversight improvements.
Annexed to the resolution was a letter by Iraqi Prime Minister Nouri Al-Maliki addressed to the council president last week, in which he urged the members to extend the arrangements for both the DFI and IAMB until the end of next December.
In his letter Al-Maliki vowed that the government will in 2010 make "appropriate arrangement" for the Fund and the Board with a view to "ensuring that oil revenue continues to be used fairly and in the interest of the Iraqi people," in conformity with the Constitution and with the international "best practices with respect to transparency, accountability and integrity".
That, he argued, "cannot be achieved without the continued assistance of the international community by means of the adoption of a Security Council resolution whereby the arrangements are extended under Chapter VII.
Iraq wants to keep the DFI under Chapter VII in order to protect it from any claimants. (end) sj.bs KUNA 212044 Dec 09NNNN
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2048966&Language=en
Politics 12/21/2009 8:44:00 PM
UNITED NATIONS, Dec 21 (KUNA) -- Noting Iraq's progress in the security, political and economic fields, while recognizing that the country still needed regional and international support in order to advance further, the Security Council on Monday decided to extend until 31 December 2010 arrangements for depositing the revenues from its oil and gas sales into the Development Fund for Iraq (DFI).
Acting unanimously under Chapter VII of the UN Charter, the council also extended the task of the International Advisory and Monitoring Board (IAMB) in overseeing the Fund for the same period.
The Council also decided that those decisions would be reviewed upon request by the Government of Iraq or no later than 15 June 2010.
The council requested the Secretary-General to provide written reports to the council on a quarterly basis, with the first report no later than April 1st, on the progress made in strengthening financial and administrative oversight of the current DFI, as well as the legal issues and options to be considered to implement successor arrangements and an assessment of Iraq's progress in preparing for the successor arrangements for the Fund.
The council also called on the Iraqi Government to put in place the necessary action plan and timeline by April 2010 and to ensure the timely and effective transition to a post-Development Fund mechanism by next December, which takes into account IMF stand-by arrangement requirements and includes external auditing arrangements and enables Iraq to meet its obligations.
It further requested Iraq through the head of the Committee of Financial Experts (COFE) to report to the council on a quarterly basis, with the first report no later that next April to provide an action plan and timeline for the transition from the DFI and details on the progress made in strengthening financial and administrative oversight of the Fund, with subsequent quarterly reports to provide an assessment of progress against the action plan and oversight improvements.
Annexed to the resolution was a letter by Iraqi Prime Minister Nouri Al-Maliki addressed to the council president last week, in which he urged the members to extend the arrangements for both the DFI and IAMB until the end of next December.
In his letter Al-Maliki vowed that the government will in 2010 make "appropriate arrangement" for the Fund and the Board with a view to "ensuring that oil revenue continues to be used fairly and in the interest of the Iraqi people," in conformity with the Constitution and with the international "best practices with respect to transparency, accountability and integrity".
That, he argued, "cannot be achieved without the continued assistance of the international community by means of the adoption of a Security Council resolution whereby the arrangements are extended under Chapter VII.
Iraq wants to keep the DFI under Chapter VII in order to protect it from any claimants. (end) sj.bs KUNA 212044 Dec 09NNNN
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2048966&Language=en
ADAM MONTANA POST - Dinar Vets (Q&A - Dubai)
Morning all. I’m going to answer some of the questions. Not all. Some of the questions posed had nothing to do with my Dubai trip, and whether you like it or not Iraq is too complicated to understand in one day, and too complicated to explain in one post.
For those of you wondering what the heck this is all about – I just got back from Dubai where I met with a CBI (Central Bank of Iraq) employee. This person has been emailing me for several months, discussing certain topics which we all believe could eventually lead to a revaluation of the Iraqi Dinar.
I think some people misunderstood one important thing – I still have not predicted a date. IN MY OPINION it won’t be until after the first of the year, but I could be wrong. My information is completely different from other people’s… do your research and make your own decision! Hopefully my information will help you put together the clues, all I ask is that you don’t ask me to make a fake prediction.
Here we go!
First Question:
Quote:
| Originally Posted by caddieman  It has been argued that Iraq has to have backing for the RV. As backing goes I am talking Money in the bank. Do you think this is the reason why your guy says below 1.00? |
Most of us know that many banks are getting financial backing already from other banks in the world. Every big oil company that comes in with a big contract is providing work and pay for the Iraqi people, bringing more money into the country. In effect, business is going to help back Iraq.
Obviously the country needs to be able to cover any RV rate, so you DO have a good question. They are already “backed” at the rate of 1170, so our question is this: How high could the Dinar go, while still being “backed” by Iraq on it’s own?
An easy comparison is the US. What do WE have backing us? We certainly don’t have enough money in the bank to cover our debt! If we don’t have enough money in the bank to cover our currencies value, then why does Iraq need that? Even though we don’t have the reserves or resources to cover every US dollar in circulation or the debt we currently hold, China still gives us credit. Why? Because we’re not going anywhere. And neither is Iraq.
Remember, I never stated a rate, and I was not given a rate. If my contact had given me a rate I probably wouldn’t have believed him on the rest of the topics we covered. He didn’t, though, and he plainly stated that there is no way to know the rate yet. Too many factors. Anyway, when we were discussing the possible range, he was more agreeable on the low end. When I asked “Why so low?”, he told me they would come out as low as they could without having to be able to “cover” every Dinar, and allowing for a realistic maturation rate of a couple years to get to where they really should be. A huge spike would cause chaos, and be counter productive. What they want is a controlled growth.
So, does that mean it won’t come out at a dollar or two? No! The currency plunged dramatically, and it could also rise dramatically. Control is the key.
What about the amount of Dinar in circulation – can Iraq cover all that dough?
Iraq doesn’t even need to be able to cover every Dinar… the simple fact that the rest of the world wants oil will allow them to come out at a higher rate. They can say “our Dinar is now worth $2.00!”, and the world will go “Oh… ok… can I have some oil now?”
We had a good laugh about that one, because it’s true.
Quote:
| Originally Posted by newbie Q: Does CBI already have the smaller denominations of 1, 5, 10 and 20 printed and ready to go for RV? |
Good question! I asked the same thing, and he said it’s not a big deal. He didn’t know if the notes were already printed, but – this is key – he had seen the plates that will be used to print the smaller denoms. His belief is that there is already a certain amount printed, and depending on how fast the large notes come in, it will be very easy to print more in a short time frame.
Quote:
| Originally Posted by 123uandme I was wondering if you and your contact ever discussed a possible ‘cash-in period’ (when it does RV) for the larger notes? |
I was complimented on this one by my CBI contact, in fact. He said I was close – I guessed there would be a 30-90 day window to cash in, he said it would be longer. No exact range was given, but he leaned more towards 6-12 months before they permanently phase out the larger notes.
Quote:
| Originally Posted by 3Eagles What about the IMF forcing the RV like people have discussed previously? Can anyone discuss how the IMF still fits into this equation? |
I have a bit of information coming out shortly about how the IMF fits in, make sure you’re on the newsletter.
Quote:
| Originally Posted by Danneedsrvnow It would seem that Iraq is using international visa credit cards (tbiraq.com)? If I am reading this info correct, then what makes their currency globally recognized? Or are they already? |
The currency is not globally traded, but it is globally recognized. The Iraqi Dinar is the most sophisticated currency ever printed, in my opinion it is only a matter of time before all major banks are trading it.
To explain your question, though – Iraqi banks convert USD to IQD, as you will see when you open a Warka account. When an Iraqi swipes his VISA card, it “spends” USD – not IQD.
Quote:
| Originally Posted by SBX .can you elaborate on Chapter 7 and the HCL and what their impact has on the RV…. |
I’ll cover that on the blog shortly.
PERHAPS POST - One Dinar
As you may recall, the Iraq Consulate told me "you have made a very good investment, it will happen soon". Obviously "soon" is a relative term. The Embassy told me "the election laws would pass and that all was fine". They also told me "this government will not RV, it will be done by the new government after the elections". That is why I did not go to DC, I had the information I was going there to get. I did not like that info, and needed time to examine events prior to posting. The events to date, with the exception of the continued rate and date scenarios, bring this prediction into question. If the CBI has put the RV in Maliki's hands, then the info I had was untrue or has changed. Since we believe Maliki has the authority to now announce the RV, and being a seasoned politician, he will make this announcement when it is most appropriate to bolster his campaign. That is certainly not the day of the elections, but prior to. How much prior? IMO in time to have the people realize the benefits, not just to hear about it. So I believe he will announce at any time now in order to get the most good PR from the announcement now and through the election process. I have also received other info that this will RV soon that I am forbidden to expand upon. I continue to pray we are all pleasantly surprised before the end of this year.
IRAQ URGEN UNSC TO EXTEND DFI
12/17/2009 12:05:00 AM
Iraq urges UNSC to extend DFI, IAMB mandates for one more year
UNITED NATIONS, Dec 16 (KUNA) -- Iraq urged the Security Council to extend until December 31st, 2010 arrangements to deposit proceeds from oil and gas sales into the Development Fund for Iraq (DFI), and to supervise it during the same period by the International Advisory and Monitoring Board (IAMB), with the possibility of reviewing those arrangements, at the request of Baghdad, before mid-June 2010. The council is scheduled to discuss a draft resolution, under chapter VII, on this issue tomorrow Thursday. A vote is scheduled for next Monday.
In a letter to the Security Council President, Burkina Faso, circulated today, Iraqi Prime Minister Nouri Al-Maliki vowed that the government will in 2010 make "appropriate arrangement" for the Fund and the Board with a view to "ensuring that oil revenue continues to be used fairly and in the interest of the Iraqi people," in conformity with the Constitution and with the international "best practices with respect to transparency, accountability and integrity." That, he argued, "cannot be achieved without the continued assistance of the international community by means of the adoption of a Security Council resolution whereby the conditions and arrangements provided for in resolution 1859 of last year are extended."
Expressing his government's commitment to finding a satisfactory solution to the problem of the debts and claims that it inherited from the previous regime, Al-Maliki recalled that during 2009, the government made "great progress" in settling many debts and claims, including by concluding agreements on the reduction of sovereign debt and other bilateral agreements concerning certain claims.
Asked whether Iraqi Foreign Minister Hoshyar Zebari is coming to New York to attend the vote in the council on Monday, Iraqi Ambassador to the UN Hamid Al-Bayati told KUNA in an interview that Zebari came in the past because the extension of those mandates "required a lot of discussions in the council. But this year, it is different. No discussions are needed. It will be a mere extension of the mandates." He did not rule out that he would come anyway. Asked whether the terrorist attacks that hit Baghdad last August, October and December will also be on his schedule, Al-Bayati said once in New York, Zibari will discuss all issues relating to Iraq.
He expressed hope that the UN will exert more effort and take further measures to deal with these attacks, recalling that the first step was when Secretary-General Ban Ki-moon dispatched his Assistant for Political Affairs Oscar Fernandez-Taranco for preliminary talks in Baghdad.
"Unfortunately, the attacks continued after he came back and briefed the Secretary-General. Our hope is that the UN takes other steps towards helping Iraq," he said.
Asked what kind of measures he had in mind, Al-Bayati said "the UN and the Secretay-General can do a lot of things, such as setting up an investigation commission to look into the evidence gathered by Iraq," recalling the commissions the UN set up for the massacres in Guinea earlier this year and those to investigate the assassinations of former Lebanese and Pakistani Prime Ministers Rafiq Hariri and Benazir Bhutto.
"The bloodshed is unacceptable and has to stop. The Iraqi Government has the responsibility to protect its people and prevent such attacks. We feel that the UN has to do something," he said.
Once the commission finds out who the perpetrators are, the Security Council can set up a tribunal to try them, he said. (end) sj.bs KUNA 170005 Dec 09NNNN
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2047899&Language=en
Iraq urges UNSC to extend DFI, IAMB mandates for one more year
UNITED NATIONS, Dec 16 (KUNA) -- Iraq urged the Security Council to extend until December 31st, 2010 arrangements to deposit proceeds from oil and gas sales into the Development Fund for Iraq (DFI), and to supervise it during the same period by the International Advisory and Monitoring Board (IAMB), with the possibility of reviewing those arrangements, at the request of Baghdad, before mid-June 2010. The council is scheduled to discuss a draft resolution, under chapter VII, on this issue tomorrow Thursday. A vote is scheduled for next Monday.
In a letter to the Security Council President, Burkina Faso, circulated today, Iraqi Prime Minister Nouri Al-Maliki vowed that the government will in 2010 make "appropriate arrangement" for the Fund and the Board with a view to "ensuring that oil revenue continues to be used fairly and in the interest of the Iraqi people," in conformity with the Constitution and with the international "best practices with respect to transparency, accountability and integrity." That, he argued, "cannot be achieved without the continued assistance of the international community by means of the adoption of a Security Council resolution whereby the conditions and arrangements provided for in resolution 1859 of last year are extended."
Expressing his government's commitment to finding a satisfactory solution to the problem of the debts and claims that it inherited from the previous regime, Al-Maliki recalled that during 2009, the government made "great progress" in settling many debts and claims, including by concluding agreements on the reduction of sovereign debt and other bilateral agreements concerning certain claims.
Asked whether Iraqi Foreign Minister Hoshyar Zebari is coming to New York to attend the vote in the council on Monday, Iraqi Ambassador to the UN Hamid Al-Bayati told KUNA in an interview that Zebari came in the past because the extension of those mandates "required a lot of discussions in the council. But this year, it is different. No discussions are needed. It will be a mere extension of the mandates." He did not rule out that he would come anyway. Asked whether the terrorist attacks that hit Baghdad last August, October and December will also be on his schedule, Al-Bayati said once in New York, Zibari will discuss all issues relating to Iraq.
He expressed hope that the UN will exert more effort and take further measures to deal with these attacks, recalling that the first step was when Secretary-General Ban Ki-moon dispatched his Assistant for Political Affairs Oscar Fernandez-Taranco for preliminary talks in Baghdad.
"Unfortunately, the attacks continued after he came back and briefed the Secretary-General. Our hope is that the UN takes other steps towards helping Iraq," he said.
Asked what kind of measures he had in mind, Al-Bayati said "the UN and the Secretay-General can do a lot of things, such as setting up an investigation commission to look into the evidence gathered by Iraq," recalling the commissions the UN set up for the massacres in Guinea earlier this year and those to investigate the assassinations of former Lebanese and Pakistani Prime Ministers Rafiq Hariri and Benazir Bhutto.
"The bloodshed is unacceptable and has to stop. The Iraqi Government has the responsibility to protect its people and prevent such attacks. We feel that the UN has to do something," he said.
Once the commission finds out who the perpetrators are, the Security Council can set up a tribunal to try them, he said. (end) sj.bs KUNA 170005 Dec 09NNNN
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2047899&Language=en
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