PACMAN POST - KTF Missions

posted by pacman on ktfm on 121309

Good evening KTFM.

If you don't mind, I have some information that I would like to share with all of you. This info was brought to my attention from an undisclosed source and my faith will not allow its validity to be questioned.

I am not presenting this as fact and my only desire is to open this up for discussion and hopefully get some feedback, good or bad.

Lets start with what we know as fact:

1 USD = 1170 IQD
1 IQD = .00086????

The IQD is directly valued and or pegged against the USD. The introduction of the NID was on OCT 15, 2003 and exchanged for the old Sadam notes. The exchange period was 90 days and ended on JAN 15, 2004. At the time of intro it was valued somewhere in the neighborhood of 1700 IQD to 1 USD.

The value was based solely on the USD. The US pumped USD into the Iraqi economy giving the IQD its value. It was the responsibility of the CBI to manage the new currency, circulation, exchange and sustainability. In order to do this, they set up the infamous CBI auction. The 1st auction was held on JAN 5, 2004 at a market rate of 1695 per USD. The participating banks were buying the IQD with US dollars. This is how it was put into circulation. As the demand grew for the IQD, the CBI began vacuuming the USD out of circulation and the value of the IQD began to appreciate rather quickly.

On JAN 14, 2004 with one day remaining for the exchange of old notes, The demand hit the roof and the IQD experienced a sharp appreciation to 1170 IQD per USD. The CBI immediately pumped more USD into the economy dropping the rate back to what they claimed was sustainable at the time. They could not allow it to appreciate beyond the 1170 and brought it back down to previous levels, around 1400 at the time.

WHY YOU ASK?

I believe the answer is two fold. The stability was questionable and there was..................A.......PLAN!

1 USD = 1170 IQD
1 IQD = .00086???

Keep in mind the real value of the USD, .86 at the time.

Over the next 5 years the IQD slowly appreciated as the CBI allowed it to. Almost exactly 5 years later on JAN 18, 2009 the CBI locks down to the 1170 rate that they have allowed the IQD to appreciate to. Since then the rate has not even had a pip.

HERE IS WHY:

1 IQD = .00086???.............. Now, move the decimal 3 places to the right.

Now Reverse

1 USD = 1170 IQD................Now move decimal 3 places to left.

Now reverse IQD and USD

1 IQD = 1.17 USD
1 USD = .86 IQD.......................... Now do the math.

.86% of 117 = 1 USD

Hmmmmmmmm.............Could this be our new rate?

If the CBI allowed the IQD to continue appreciating below 1000 per USD, When they carried out the plan and reversed it, the IQD would be worth less than the USD, thus defeating the plan and the purpose of having their own currency. In order to increase demand and confidence of their own currency it has to be worth more than the USD. That would be like us deciding to use pesos. To truly dedollarize, the IQD has to be worth more or you just create a black market, along with more corruption than they already have.


Now please, consider the simplicity of this plan. The act of implementation is so smooth a caveman could figure it out..... Sorry Geico............

The entire market and vendors move their decimals 3 places and Bing Batta Bang Their back in business with even a little more profit built right in. Everyone is happy and Iraqi 's love their dinar............


Up until now the entire Iraqi economy has been based on the amount of USD pumped into it. Now the CBI is vacuuming the USD out of the economy and replacing it with IQD.

They are reversing the process. Lets call it.............

REVERSE CURRENCY IMPLEMENTATION.

Its kinda like.............jump starting someones car.
Hook up your good battery to theirs, give it some juice and WA LA, they are up and running, you disconnect your battery from theres and your off and they are on their own. Hopefully their democracy(alternator) will keep it charged. lol

Its all too simple if you ask me...

The current value of the IQD has nothing to do with their GDP or their oil, its all based on their reserves. The good news........ Thats all about to change!

Now if you go to this link:
http://www.cbi.iq/pdf/C.B.I.%20FOREI...20AUCTIONS.pdf

You will see this at the heading:

AUCTIONS + C711

NOW, REVERSE IT................ YEP....................117........

Coincidence?...............You tell me.

If you have read the article from the economist based out of the university in Iraq, He believes the exchange rate should be in the $1.13 range. I will let you decide what the media really leaks to the people of Iraq or not.

Free Press, whats that? You mean I don't have to pay for it?.......lol

I think they may have been planting a seed.

If you have read any of my previous posts, I have no doubt that Iraq will implement a plan to achieve a 3+ rate to rival their neighbors. Its how they are going to get there that I have questioned.

Now with all that said, If the info is correct there are two scenario's as to how this will play out.

#1.... We get to cash in at 1.17 and the CBI turns the vacuum back on and removes the majority of speculators and large denoms from the market. I believe there would be a 90 day window for us to cash out our large notes. They tend to give 90 days for exchange there in Iraq and I can see history repeating itself. When they have managed to take all the large notes out of circulation they will have the option to tie the IQD to their new found wealth, GDP and OIL. They can either float or RI/RV at that time, giving much less detriment to speculation with a rate of 1.17 and elimation of large denoms.

#1 gets my vote.

#2 Please understand I am not advocating the "L" theory. If you choose to go down that road you are doing it of your own accord. My previous posts have voiced my opinion on this and why I don't believe it will happen.

Yes, moving the decimal does eliminate 3 zeros, but along with Franks intel, if there are lower denoms in circulation already, 1,5,10,25, then that would defeat the whole purpose of a "L"! And what of the 50,100,250,500?

Worst case scenario, you still make a 17% profit on your money.

What option would you vote for?

Speaking of votes, don't they have an election coming up soon, I wonder how they are going to win votes.

Now this is not being posted with any malice or ill intent. I am asking for feedback and or alternate views.

I will be happy to provide you with any links that i can for the above mentioned.

FYI.......... I have noticed another pattern, anything Iraq does pertaining to the IQD seems to happen in the middle of the month.

Just my honest opinions, much love and respect.........

OKIE OIL MAN POST

RICHES---SURE---BUT NOT YET
--------------------------------------------------------------------------------

HAVING BEEN ASSOCIATED WITH AN INFLUENTIAL POSITION WITH 1 OF
THE MAJOR OIL COMPANY'S FOR 35 YEAR'S ---I HAVE LEARNED--AND AM
STILL LEARNING THE GOING'S ON RELATIVE TO THE OIL INDUSTRY.

WHILE THE BULK OF THE FAMILY IS ELATED WITH THE PROGRESS IN IRAQ--
I ALSO AM IMPRESSED AT THE PROGRESS THAT HAS BEEN ACHIEVED IN
SEEMINGLY SUCH A SHORT TIME.

THERE ARE SO MANY INTERVENING FACTOR'S THAT THE AVERAGE PERSON
MAY NOT KNOW--I WILL TRY TO ELABORATE IN MY LIMITED WAY TO
EXPLAIN THE INSIDE OUT OF THE OIL INDUSTRY--AS IT RELATES TO IRAQ.

IT SEEM'S THAT MANY OF THE FAMILY IS EXPECTING IMMEDIATE SUCCESS
IN IRAQ--VIS-A-VIS THE NEW OIL BID'S RECENTLY NEGOIATATED.

FROM MY EXPERIENCE AND INSIDE KNOWLEDGE OF HOW THE INITIAL OIL
BIDS THAT WAS SIGNED IN MARCH, 2009. IT SHOULD BE NOTED THAT THE
BID'S LATELY OF 1.20 TO 1.30 IS A PURE FALLACY. OUR CONTRACT IN
MARCH SPECIFIED 22.14 PER BARREL FOR PRODUCTION IN NEW FIELD'S.
IT SHOULD ALSO BE NOTIED THAT THESE CONTRACT'S WERE SIGNED IN
AFTER HOUR'S--UNDER THE TABLE AGREEMENT'S THAT A LITTLE JACK
DANIEL'S HAD AN INFLUENCE OVER. (THANK'S TENNESSEE FOR THE JUICE).

THE REASON THAT THE INITIAL ROUND OF OIL BID'S NOT RECEIVING THE
SUCCESS THAT IRAQ HAD CONTEMPLATED WAS DUE TO THE SIMPLE FACT--
THAT IRAQ HAD TO LEARN THE CONCEPT OF NEGOIATING RATHER THAN
DICTATING. (REFERRING TO THE JUNE CONTRACT'S).

WHILE IRAQ MAY BE THE PANACEA THAT SOME SEE AS AN END ALL AND A
BE ALL FINANCIALY YOU NEED TO KNOW THE REALITY OF WHAT HAS TO
HAPPEN TO MAKE THIS ALL COME INTO PLAY.

WHILE IRAQ MAY BE FLOATING ON A SEA OF OIL AS SOME HAS STATED
(EVEN THO SEISMIC DATA IS OVER 35 YEAR'S OLD) IT WILL TAKE A VERY
MINIMUM OF 6 TO 7 YEARS' TO DEVELOP--SEND DOWN THE PIPELINE--
TO REFINE (THERE ARE VERY FEW REFINERYS AT PRESENT) TRANSPORT
IT TO THE END CONSUMER--SELL THE PRODUCT--THEN DEPOSIT THE FUND'S
INTO THE C B I OR THE T B I TO BE DISTRIBIUTED TO THE BENEFIT OF THE
OIL COMPANY'S AS WELL AS THE IRAQI CITIZEN VIS-A VIS--OIL SHARING
REVENUE. (WHICH IS YET TO BE DETERMINED).

IRAQ HAS PROPOSED AND PUBLISHED THE FACT THAT A 35% TAX WILL
BE IMPOSED ON FOREIGN OIL COMPANY'S--BUT AS PAUL HARVEY SAY'S--
HERE'S THE REST OF THE STORY. THIS 35% TAX IS TO BE ADDED ON TO
THE COST OR PRODUCTION AND IN REALITY WILL NOT EXIST--EXCEPT ON
THE LEDGERS AND IN ESSENSE WILL NOT BE A TAX AND THIS AGREEMENT IS FOR 10 YEARS GUARANTEED. (CAN YOU C. P. A'S SAY ADJUSTMENT'S?)

I FULLY EXPECT THE R/V IN THE IMMEDIATE FUTURE BUT ALSO REALIZE
IRAQ IS DOING WHAT THE LOS VEGAS GAMBLERS MEAN WHEN THEY SAY
'' BETTING ON THE COME''.

IRAQ IS IN THE INITIAL STEP'S OF DEMOCRACY AND IS LITTERALLY LEARNING
AS THEY GO REGARDING BUSINESS--GOVERMENT--CURRENCY MANIPULATION--INTERNATIONAL TRADING AND WILL BE SEVERAL YEARS BEFORE THEY GET
ALL THEIR PROBLEMS (IF EVER) WORKED OUT.

I HAVE SAID ALL THIS TO SAY THIS---AS FOR ME---IMHO CASH OUT AS
SOON AS POSSIBLE WHEN THIS THING COMES TO FRUITION--

PROBABLY IN SOME OF YOUR LIFE-TIME THE IRAQI DINAR WILL BE THE
MOST VALUABLE CURRENCY IN THE WORLD. BUT AT THE PRESENT WITH
IRAQ SETTING HALF WAY BETWEEN ISRAEL AND IRAN--AND STILL BEING
A TINDER-BOX OF WARRING FACTIONS BETWEEN 3 TRIBES THAT FOR
THOUSAND'S OF YEAR'S HAS BEEN TOUGHT TO KILL EACH OTHER--
I CHOOSE TO TAKE WHAT-EVER THE DINAR RE-EVALUATES AT
AND RUN,

SFMEDIC CHAT

STOP STOP STOP... WE HAVE JUST GOTTEN NEWS FROM IRAQ THE RV IS TO TAKE PLACE! THAT ALL MIDDLE EASTERN NATIONS ARE TO REVALUE WITH A COMMON RATE OF EXCHANGE. THIS INCLUDES IRAQ. SO THAT THEY CAN TRADE WITH THE WEST AND THEMSELVES. SO THIS IS TO BE DONE.

IT IS OVER ACCORDING TO NEWS REPORTS OUT OF IRAQ

THIS IS FANTASTIC! THIS IS NOT A HOAX! THANK YOU TO THOSE WHO FOUND THIS INFORMATION AND PASSED IT ON.

DOONIEW35 POST

.....Monday morning 1am CST a interesting event is suppose to happen....I just heard on the TV (Middle east news channel) on Direct TV that a monetary currency value is going to be set for "ALL" Arabian Gulf nations. This includes all of them....even Iraq. This move is suppose to align all countries involved to allow commerce trade to emerge between all Arabian Nations, thus allowing them to internationally trade world wide. They are hoping this will ease the pressure from Dubai, Iraq and Qutar. So, GO CURRENCY GO...I believe it this time, I heard it with my own two ears......RV,RV,RV,pleeeease.

Iraq Will Be "Big Player" at OPEC

http://www.zawya.com/Story.cfm/sidAN...0US%20diplomat

BAGHDAD, Dec 13, 2009 (AFP) - Iraq will be a "big player" at OPEC's meeting in Angola later this month over its allocated crude production quota following a string of deals with oil majors, a senior US embassy official said on Sunday.

The Organisation of Petroleum Exporting Countries meeting in Luanda on December 22 will come shortly after Baghdad set ambitious output targets at a Friday-Saturday auction of Iraqi oil field contracts to foreign energy firms.

"They're going to have to negotiate with their OPEC partners on that one," the official at the embassy in Baghdad told reporters, on condition of anonymity, referring to Iraq's production aims and its OPEC quota.

"They're going to be a big player that wants to come back to the table, so they're going to have to negotiate with Saudi Arabia, Iran, Venezuela and the other OPEC members."

Iraq currently produces around 2.5 million barrels of oil per day (bpd).

But after awarding seven contracts to foreign energy firms at the auction, following three more deals sealed since a first auction in June, it aims to ramp up output to 12 million bpd within seven years.

Since economic sanctions of the Saddam Hussein era after his 1990 invasion of Kuwait, Iraq has been the only OPEC member not bound by the OPEC quota system and the cartel's overall output ceiling of 24.84 million bpd.

The US official added there was still time for OPEC to reach accord on Iraq's quota, as it would be several years before the country will be in position to hike output to its targeted levels.

"This isn't like suddenly tomorrow (Iraq is) going to be producing 12 million barrels," the official said.

SFMEDIC CHAT

MY GOOD FRIEND MICHIAL HAS BEEN FOLLOWING AND WORKING A DEAL WITH WESTERN UNION CUSTOM HOUSE IN VICTORIA BRITISH COLUMBIA. THEY HAVE BEEN GREAT AT KEEPING US UP TO DATE ON WHAT IS HAPPENING AT LEAST FROM THEIR PERSPECTIVE. THEY ARE A CURRENCY EXCHANGE CENTER. OPEN 7 DAYS A WEEK. THEY ARE ALSO ONE OF THE LARGEST EXCHANGERS OF FOREIGN CURRENCY IN THE WORLD. THEY SELL DINAR AND ALSO BUY IT AM I CORRECT MICHIAL?

SHORTNSWEET says to (23:56:46):
yes

AT THE RATE NOW. OK... JUST WANT TO MAKE SURE I AM NOT MISSPEAKING.

SHORTNSWEET says to (23:57:09):
ur right on

LAST WEEK THERE WERE RUMBLINGS AT THE CORPORATE HEADQUARTERS OF CUSTOM HOUSE OF A NEW RATE OF EXCHANGE FOR THE IQD. BUT IT DRAGGED OUT THE ENTIRE WEEK AS A RUMOR. THEN AT 12N PST IN BC THE NEW RATE WAS DELIVERED TO CUSTOM HOUSE. THEY WERE TOLD THE NEW RATE WAS TO BE EFFECTIVE ON MONDAY 14 DECEMBER 2009. AM I CORRECT MICHIAL?

SHORTNSWEET says to (23:58:56):
yes you are medic

AND THE RATE IS $2.47 USD $2.61 CANADIAN. IS THIS CORRECT?

SHORTNSWEET says to (23:59:34):
yes

AND MICHIAL HAS BEEN IN CONTACT WITH THEM EVERYDAY SEVERAL TIMES A DAY WITH ONE OF THE MANAGERS TO MAKE SURE NOTHING HAS CHANGED. IS THIS CORRECT?

SHORTNSWEET says to (00:00:18):
yes

THIS IS WHY IT BOTHERED ME SO MUCH TODAY. WE ALSO KNEW THAT THE IRAQIS SOMEHOW GOT WIND OF SOMETHING IN COUNTRY. MY GOOD FRIEND WHO IS WITH THE US GOVT IN IRAQ CONTACTED US THIS EARLY AM.
THAT THE NATIONALS WERE GOING NUTS TRYING TO FIND DINAR. ANY AMOUNTS POSSIBLE. NOW CUSTOM HOUSE DOES NOT FOLLOW ANY OFAC RULES. THEY DO NOT HAVE TO WAIT FOR FOREX OR CBI TO ANNOUNCE IT FORMALLY. THEY ONLY HAVE TO BE NOTIFIED OF A RATE CHANGE. SO AS I SAID I HAD NOT SHARED THIS WITH VERY FEW. WE WANTED TO SEE IF THE BOTTOM FELL OUT OR IF CUSTOM HOUSE WAS STANDING FIRM. THEY STOOD FIRM. NOW WE WAIT TO SEE IF IT HITS THE US THIS MORNING ALSO. BUT MICHIAL AND HIS GROUP WERE TOLD THEY CAN CASH IN TOMORROW. IS THIS TRUE MICHIAL, OR AM I WRONG?

SHORTNSWEET says to (00:04:54):
yes medic, you're right. as of 2 pm this afternoon we are still on track

shemper26 says to (00:13:05):
I went to Custom House web site when you go tot the Currency Converter and plug in IQD it says for an UPDATED rate you have to call to get it for this currency

ADAM MONTANA CHAT

[Adam Montana] we don't have an RV at this moment
[Adam Montana] in fact, we don't even have any movement at all
[Adam Montana] which is the exact reason why I am STILL a firm believer in this investment
[Adam Montana] we're dealing with one of the resource-richest countries on the planet
[Adam Montana] who keeps getting more and more stable
[Adam Montana] with elections coming, and business ready to boom
[Adam Montana] the only litle smidgeon I have
[Adam Montana] that might be a good sign
[Adam Montana] is that my CBI contact finally emailed me
[Adam Montana] he apologized for being vague lately
[Adam Montana] and apologized for leaving me out to dry
[Adam Montana] I told him not to worry, who am I to him?
[Adam Montana] he's a good person though, and the relationship and his word means something to him
[Adam Montana] so he apologized, wholeheartedly
[Adam Montana] some of you are going to think this next piece of info is crazy
[Adam Montana] I'm still assimilating it
[Adam Montana] I'm still putting it together in my head
[Adam Montana] it's a bit overwhelming, but I'm going in - full bore
[Adam Montana] we have ben emailing, I told him a little about what I heard DH was saying
[Adam Montana] who knows what's true there
[Adam Montana] it sounds like he's got some names, he put the people in the right places
[Adam Montana] most of his story checks out anyway
he put the people in the right places
[Adam Montana] most of his story checks out anyway
[IDQ09] yes 80%
[Adam Montana] 80% is more than most, hey?
[Adam Montana]
[IDQ09] agreed
[Adam Montana] anyway
[Adam Montana] I pushed my CBI a little, asking him to make time to talk on the phone
[Adam Montana] I've heard a bit more that I'd like to confirm, and I think he could do that
[Adam Montana] or deny
[Adam Montana] either way, I just want the truth
[Adam Montana] let me find one of the last emails he sent me Friday....
[Adam Montana] one sec sorry
[Adam Montana] I should have had this ready
[Adam Montana] I should have had this ready
[Adam Montana] wasn't exactly planning on sharing it
[Adam Montana] here
[Adam Montana] "Adam, I will not be available this week due to an extremely important meeting in Dubai that I must attend with key members of my work. I will be in touch as soon as I can, but hopefully you will know of great news before I am even able to communicate with you again. "
[Adam Montana] pretty vague, still
[Adam Montana] but I was asking him to get on the phone with me and he sent that
[Adam Montana] so I said, screw it, what if I can just meet the guy?
[Adam Montana] I heard they are not letting civilians into Iraq
[Adam Montana] can anyone confirm that?
[Adam Montana] well, I'm not a contractor
[Adam Montana] but I thought, what if I can meet him in Dubai?
[Adam Montana] I've never been to Dubai
[Adam Montana] so, I'm calling all the mods in the morning
[Adam Montana] just to discuss instructions on how to handle things over the next week
[Adam Montana] because I'm heading over there
[Adam Montana] I'm not saying I'm going to go find out the date and rate
[Adam Montana] just that I've got a chance to meet with someone who knows a heck of a lot more than I do
[Adam Montana] or anyone else here either

CHINA HITCHES YUAN TO DOLLAR - OPINION

This is an interesting analysis of the international currency markets, specifically the relationship between the Chinese yuan and the USD.

China hitches yuan to dollar, cedes control
by Caroline Baum on Sunday, 13 December 2009

President Barack Obama got an earful from China's leaders on his inaugural trip to Asia earlier this month.

They wanted to know about the weak US dollar, rock-bottom interest rates, big budget deficit, trade protectionism in the form of tyre tariffs and "massive speculation" inflating asset bubbles around the world. China's top banking regulator, Liu Mingkang, said US policies were creating "new, real and insurmountable risks" to the global recovery, especially in emerging economies.

Obama took it all in. Too bad his ubiquitous teleprompter didn't provide him with an appropriate response: The dollar is our currency, but your problem.

That's what president Richard M Nixon's Treasury secretary, John Connally, told a delegation of Europeans worried about exchange rate fluctuations in 1971. The comment is equally relevant today.

In hitching its currency, the yuan, to the dollar, China cedes sovereignty over its monetary policy. That's China's choice.

Once made, if China is unhappy about the dollar/yuan exchange rate, "tough luck," said Bill Poole, former president of the Federal Reserve Bank of St Louis, in a paper prepared for the Cato Institute's Annual Monetary Conference on Nov 19.

Poole made several other points, albeit in a more diplomatic manner:

- It is not the responsibility of the US to conduct its policies for the benefit of other countries;

- Neither the Fed nor any part of the US government has an obligation to maintain the purchasing power of dollar-denominated assets in a currency other than the dollar;

- The US is obligated to maintain price stability at home, which is good for the world economy.

US interest rates may be too low, the dollar may be too weak and speculation may be rampant in emerging markets. But these are considerations for US policymakers as they relate to US price stability and economic growth. It is not the Fed's mandate, nor its business, to deliver price stability to China, Taiwan and Singapore.

That's not the way everyone sees it. Curiously, the same folks who regularly insist that the Treasury, not the Fed, runs "dollar policy" claim the onus for the weak dollar and yuan rests with the Fed.

For the record, the Treasury can instruct the Fed to intervene in the foreign exchange market to buy or sell dollars. It cannot prevent the Fed from offsetting those purchases or sales via open market operations. Which means that the Fed has de facto control over the dollars in circulation, and any suggestion the Treasury has a "dollar policy," - strong, weak or otherwise - is hogwash.

US monetary policy may not be the right fit for China's booming economy. However, allowing the yuan to float, and most likely appreciate, would certainly reduce China's competitiveness.

Last year US imports from China totalled a record $337.8bn, almost five times the value of exports to China, according to the US Census Bureau.

Does China want to reduce its exports and create mass unemployment as it seeks to absorb agricultural workers from the countryside into its urban factories? The unwillingness to let the yuan appreciate suggests it does not.

When a country decides to maintain a fixed-exchange rate, it has to buy or sell its own currency to maintain the peg. China is an extreme example, accumulating $2.3 trillion of foreign exchange reserves, most of it in US dollars, from its trade surplus.

China's exporters get paid in dollars and convert those dollars to yuan, courtesy of the People's Bank of China.

Where does the PBOC get the constant stream of yuan it needs to buy dollars? It creates them, which has the effect of increasing bank reserves. The banks, in turn, lend those yuan out, which increases the money supply.

China's M2 money supply is growing at a 29 percent year- over-year rate, which, in economist parlance, is "unsustainable." The US has a potential inflation problem, with banks hoarding more than $1 trillion of excess reserves rather than making new loans. Its M2 money supply has shown no growth since June, and bank credit has been falling almost consistently for the last thirteen months.

While the lag between money growth and inflation can be long and variable, China's inflation problem is more immediate, its asset bubbles more threatening. The Chinese government enacted a $586bn stimulus package last year and reduced interest rates five times, producing a $1.3 trillion expansion in credit this year.

China's benchmark stock index was up more than 80 percent before last week's slide, and property prices are booming.

If China's authoritarian leaders think the dollar is too weak, interest rates are too low or speculation too destabilising, they can do something about it. Telling the US how to run policy isn't the solution. Letting the yuan float would be a start.

Or, as that ancient Chinese proverb says (OK, I made that part up), lie down with dogs, you get up with fleas.

Caroline Baum, author of ‘Just What I Said', is a Bloomberg News columnist. The opinions expressed are her own.

http://www.arabianbusiness.com/575800-china-hitches-yuan-to-dollar-cedes-control

SFMEDIC CHAT

THOMSON RUETERS IS NOT FOR TRADING STOCK. IT IS FOR TRADING BY PROFESSIONAL REGISTERED FOREX TRADERS. THOSE TRADERS MUST BE REGISTERED WITH THOMSON RUETERS. NOW THE TRADE BANK OF IRAQ HAS BEEN TRADING ONLINE UNDER THIS SYSTEM SINCE THE 7TH. UNLESS YOU ARE REGISTERED WITH THOMSON RUETERS OR WITH TBI YOU CANNOT ACCESS IT. NOW WHAT THIS ALL MEANS I DO NOT KNOW. ONLY A PROFESSIONAL FOREX TRADER CAN ANSWER THAT FOR US. I KNOW WE HAVE SOME ON HERE. NOW I BELIEVE THIS IS A POSSIBLE INTERBANK TRADING. THEY CAN DO THAT FOR SO LONG WITHOUT AN RV. NOW THAT IS ALL I HAVE ON THAT. NOW I AM NOT UP TO ANSWERING ?'S. SORRY BUT JUST CAN'T. NOW I WISH THAT PEOPLE COULD WAIT UNTIL I AM DONE AND YOU JUMP IN. SORRY ALL DONE.

ANOTHER POST----------------------------------------------------------------------

BOTTOM LINE. THAT IS TRYING TO GET AWAY WITH ECONOMIC SUCCESS THROUGH EASY MEANS. IT WON'T WORK. NOW FROM SOMEONE I TRUST AND THIS IS AT A VERY HIGH LEVERL IN A CORPORATE BANK. HE SAID THE IQD IS GOING TO DEFINATELY RV. HE JUST DOESN'T KNOW WHEN. THERE IS NO REASON THEY SAY THAT IS HOLDING THEM UP TO RV. THEY JUST HAVEN'T DONE IT. AND TO TELL YOU THE TRUTH I HAVE NO CLUE WHY. NOTHING WE CAN FIND OR HEAR EXPLAINS WHY IT HASN'T RV'D. BANKS IN THE US ALL OVER ARE SPECULATING IT IS COMING. BUT WHY ARE THEY? THEY ARE IN THE SAME BOAT AS US. THEY ARE NOT GETTING ANY INFO FROM THE TREASURY. SO THEY ARE ALSO FOLLOWING RUMORS. THERE IS NOT ONE CORPORATE BANK THAT DOES NOT THINK IT IS HAPPENING BEFORE THE END OF THE YEAR. NOW I WANT TO THROW A FEW THINGS OUT FOR FOOD FOR THOUGHT. OBAMA WANTED A NEW TAX LAW THAT WOULD HAVE TAKEN ALOT OF OUR MONEY FROM US. IT WAS NOT PASSED. AND HE WANTED IT BEFORE THE END OF THE YEAR PASSED. AGAIN HE DID NOT GET IT. WHY DID HE WANT IT? DOES ANYONE ELSE KNOW OF A N INVESTMENT THAT COULD BE THE LARGEST SINGLE TRANSFER OF WEALTH EVER IN HISTORY? THAT IS ON THE TABLE.

OK THEN THINK OF THE NEXT THING THAT THE PRESIDENT JUST DID? CAN ANYONE TELL ME WHAT OBAMA JUST MADE UP? FOR NEW WEALTH… NEW IRS TASK FORCE.. 1000 new IRS employees.. AND EXCUSE ME BUT WHAT NEW WEALTH? UNEMPLOYMENT IS AT AN ALL TIME HIGH. MY FRIEND CRUNCHED SOME NUMBERS. THERE ARE APPROXIMATELY 200 MILLION TAXPAYERS. LET'S SAY HALF HAVE TO PAY IN. HALF GET MONEY BACK. WHEN HE FIGURED IT OUT, THE 500,000 WHO WILL HAVE TO PAY IN TAXES ON THE IQD. WILL PAY MORE THAN THE 100 MILLION. SO THERE IS GOOD REASON TO HAVE A NEW WEALTH IRS TEAM. NOW GET A GOOD PERSON TO DO YOUR TAXES. SO THE GOVT ARE NOT RUNNING UP YOUR BACKSIDE WITH A FINE TOOTH COMB. CUZ THEY ARE NOT GOING TO LET US GET AWAY WITH ANYTHING.

FRANK POST

Good evening Family,

How many more UN meetings are there Family? One. Therefore IMO……….one more chance………..for the announcement or they get squat.

I AM GOING TO PUT THIS INTEL IN CAPITAL LETTERS BECAUSE IMO……….IT IS THE INTEL I HAVE BEEN WAITING TO SHARE WITH YOU BESIDES ………….THE RED RI AND FIREWORKS. HERE GOES:

ONE OF OUR ARAB SPEAKING TEAM MEMBERS JUST CALLED. THIS MAN CAN BE AS DRY …………AS A DESERT. HE IS STRAIGHT FORWARD AND VERY FRANK………..WITH FRANK. HE WAS EXCITED AS HE EXPLAINED TO ME THAT THERE IS A GREAT REQUEST FOR THE DINAR BY THE IRAQI PEOPLE AT THIS MOMENT IN IRAQ. WE TOLD HIM THAT WE ARE AWARE OF THAT………..BUT HE INSISTED FOR ME TO LISTEN. HE WENT ON TO EXPRESS THAT THE GOVERNMENT OF IRAQ IS “PULLING” DINARS OUT OF THE MARKETPLACE AS WE SPEAK. THE PEOPLE ARE DEMANDING THE DINAR BECAUSE THERE IS VERY LITTLE OF IT AROUND AND THEY KNOW THAT THE RATE IS ABOUT TO GO UP. HE KEPT SAYING………THERE IS VERY LITTLE DINAR OUT THERE. HERE IS THE KEY POINT……..JUST AS I WAS ABOUT TO SAY IT, HE SAYS IT FIRST……….FRANK, THEY DID THE SAME THING IN KUWAIT JUST BEFORE THE ANNOUNCEMENT. WITH A KNOT IN MY THROAT AND SOMEWHAT MOISTENED EYES………..I SAID………..YES, I REMEMBER. I WENT ON TO EXPLAIN THAT IMO………..THIS IS A LOGISTICAL BEGINNING. THERE ARE HUGE LOGISTICS THAT HAVE TO SWING INTO PLACE. IT IS HAPPENING.

At 1:47am this morning Family ……….I received two pictures of a 10 and 25 lower denom. A soldier had just arrived and he had it in his duffle bag stuffed with many other old Saddam Swiss notes. This afternoon I received a phone call and email of a 1 lower denom.

KTF,
Frank

PHOENIX CHAT - Gold Rush

[12:09] Phoenix3333: I was just reading how the ISX will be down for 2 weeks
[12:10] Phoenix3333: from the 22nd to the 4th of January
[12:10] Phoenix3333: IF we do not see the RV today or tomorrow we may not see it untiol the ISX closes
[12:11] Phoenix3333: That would give the ISX the time needed to reset stock values and such
[12:11] Phoenix3333: so if that IS the case and if they are waiting on that we may not see the RV until the 21st or after
[12:12] Phoenix3333: Now if you will remember
[12:12] Phoenix3333: My contact said that we would have a window for exchange
[12:12] Phoenix3333: that window would be no longer than 48 days but no less than 7 days
[12:13] secret admirer: Phx, A very good friend of mine told me this morning that he saw on CNBC TV news last night that Iraq and 20 countries had revalved their courrency.
[12:13] Phoenix3333: Now...the last 7 banking days in 2009 deadline would be the 22nd
[12:13] Phoenix3333: nice....tell me more SA
[12:14] Phoenix3333: I have heard nothing yet
[12:14] secret admirer: That is all I know until I talk to him after he gets home from church or eating out after church
[12:14] Phoenix3333: everyone please give Secret A the floor
[12:15] Phoenix3333: I have been doing all sorts of things this am
[12:15] Phoenix3333: let me make a few calls
[12:15] Phoenix3333: brb
[12:21] secret admirer: ployboy adn phx, just talked to the source and he said ie was on CNBC Saturday morning he confirmed that with another friend at church and he saw the saw thing
[12:22] Plowboy: what time zone are they in?
[12:22] secret admirer: Eastern
[12:23] secret admirer: Also he said that it is suppose to show up on Monday, I sure hope it does
[12:23] jgrem73: cool thank you
[12:23] stargate: forex is closed
[12:23] secret admirer: I think until 6 pm today
[12:28] Phoenix3333: ok as we know there was an auction today
[12:28] Phoenix3333: now i do not know what was seen on CNBC...
[12:28] IRONMAN: all i saw was where the US is urging China to revalue its currency
[12:28] Phoenix3333: because there has been no announcement yet
[12:28] Phoenix3333: but it could have been something else
[12:29] Phoenix3333: now SA if you can get the exact time this was seen and in which time zone we can find this info on CNBC
[12:30] Plowboy: she said sat morning
[12:31] Phoenix3333: word is from Iraq boots on the ground something has changed
[12:31] Plowboy: why stargate,, its called $$$
[12:31] IRONMAN: why would the U.S. have to "urge" China to do a revalue...???? i thought that was already in the works
[12:31] Phoenix3333: as of today in Iraq the Iraqis are doing everything they can to get every dinar they can
[12:32] Phoenix3333: they are all dumping dollars and are trying to get dinar
[12:32] Phoenix3333: this was reported from Iraq today from a trusted person
[12:33] Phoenix3333: also the rate is listed with a major currency exchange in Canada
[12:33] Phoenix3333: and has been from Friday
[12:33] Phoenix3333: and has been from Friday
[12:34] Phoenix3333: no word on when this new rate that is in the system will go into effect
[12:34] IRONMAN: what is the new rate that is listed
[12:35] Phoenix3333: $2.46 i was told
[12:35] Phoenix3333: but
[12:35] Phoenix3333: we will know when we see it
[12:35] IRONMAN: still sounds good though.
[12:35] rvnow: i wanted 2.47
[12:37] Phoenix3333: Or maybe it was $2.27
[12:37] Phoenix3333: 46....47
[12:37] IRONMAN: do we have a name of the currency exchange in Canada..???
[12:37] Phoenix3333: we will know when we see it
[12:38] Phoenix3333: Yes we do
12:38] Phoenix3333: and no i will not
[12:45] Phoenix3333: Secret A. You get that info yet?
[12:48] Phoenix3333: The rate is on the system and not public
[12:48] Plowboy: i had heard earlier just before i came online, something was happening in Iraq, but had no clue what
[12:48] Phoenix3333: What had you heard PB?
[13:00] IRONMAN: i have nothing but confidence in this.
[13:11] Phoenix3333: Senate set to vote on $1.1 trillion spending bill today
[13:11] Phoenix3333: On SUNDAY!
[13:11] Phoenix3333: AND
[13:12] Phoenix3333: Obama is meeting with all of the major bank CEOs tomorrow morning!
[13:12] Phoenix3333: this is to cover the RV
[13:13] Phoenix3333: this is so Obama gets credit for the economic recovery caused by the RV
[13:13] Phoenix3333: Do you not remember what my contact said last week?
[13:14] Phoenix3333: We were told that the Obama admin was working hard to come up with a plan to make it look as if it was Obama who saved the economy
[13:15] Phoenix3333: Right after our contact told us this Geigtner came out with the TARP money plan and Obama said he was going to have a new stimulus plan
[13:16] Phoenix3333: and that was right after they had said over and over there would be no second stimulus
13:21] Phoenix3333: Lake posted and article from Jordan that stated the US economy would soon recover like a bolt of lightning! But it would be short lived
13:27] Phoenix3333: Executives from 12 banks, including Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co., will participate in a Dec. 14 White House meeting with President Barack Obama
[13:28] Phoenix3333: http:// articles ofintere st-kelle y.blogsp ot.com/2 009/12/o bama-to- meet-cit igroup-g oldman-1 0.html
13:29] Phoenix3333: So we have the 1 Trillion $ spending bill passed today on a Sunday and tomorrow the President meets with all of the CEOs from the 12 major banks

ISX TRADING SUSPENDED UNTIL 1/4/10

Board of Governors decided the Iraqi market for securities بTwenty-sixth its session held suspended from trading in the securities market Finance.

The economic source for the reporter (news agency, Iraqi Information / conscious) that "the securities market Decided to 12/12 / 2009, said to be the last trading session of 2009 on Tuesday, 12/22/2009 on the occasion of the end of the fiscal year and will be the first trading session of the new 2010 year on Monday, 4/1/2010.

http://translate.google.com.pr/trans...n&hl=&ie=UTF-8

PAPPAJACK POST

If as we have been hearing that Iraq will RI on a weekend has any basis then this is the last weekend before the UN meetings. If not then another misconception is busted. Things are happening and many good signs point to this happening today or tomorrow but remember this is IRAQ we are dealing with.

WILDCAT - Dinar Speculator

xxxxx, thank you for the update, I have a Nephew whose dad is a retired US Bank Corp VP, He indicated that the IQD is for real and that some of his colleauges in corprate are invested in IQD and feel that this will break in the very near future.

REGIONS BANK RUMOR - Unknown Source

Good news!!
OK...THIS IS TRUE...... A banker ___ associate of mine that works for Regions Bank has told me this info. Regions is changing the way they do business. As in training their employees for a better quality of people than quantity. They are training people to be more of a financial adviser than a loan office. They are expecting a sudden overflow of millionaires. Anyone want to give their two dinars worth as to why?