Leaderboard

THE LAST UN MEETING WAS MULTIPURPOSE, FIRST LIFTING THE SANCTIONS TO ALLOW FREE TRADE, BUT THE OTHER REASON, WAS THE UNEXPECTED APPEARANCE OF SHABIBI, AFTER THE MEETING SHABS WENT STRAIGHT TO THE IMF TO GET SIGNED OFF ON THE RATE FOR THE RV. REPORTS ARE NOW THAT MALIKI’S GOVERNMENT IS FORMED. BE WATCHING THE NEW YORK TIMES, THE PROOF OF THIS STATEMENT WAS SAID TO BE, OR IS GOING TO BE, LISTED UNDER MIDDLE EAST OR EUROPEAN SECTIONS. ALLAWI HAS BEEN PLACED AS PRESIDENT OVER A NEWLY FORMED COMMITTEE/COUNCIL THAT WILL OVERSEE MALIKI AND KEEP HIM IN CHECK. MALIKI WILL NOT BE ABLE TO PASS ANYTHING UNTIL APPROVED BY THIS COUNCIL, SIGNIFYING A TRUE POWER SHARING GOVERNMENT. FOLKS, IF WHAT I AM HEARING IS TRUE, THERE IS NOTHING LEFT TO DO, THERE ARE NO BARRIERS, NO STOP SIGNS, NO SPEED BUMPS – IRAQ IS NOW A FULLY SOVEREIGN COUNTRY! ONE LAST THING: THERE ARE 182 SHIPS SITTING IN PORT, CURRENTLY UNDER EMBARGO, WILL BE RELEASED TO UNLOAD WEDNESDAY. WILL PASS ALONG MORE AS IT BECOMES AVAILABLE.

My dad just called me from Salt Lake. He said he talked to the bank manager at Chase Bank. Dad said the Chase manager told him that both Chase and Bank of America have both been approved to trade Dinar and they are both waiting for their main branch to give them the go. They are waiting for the new rate to come out and it's a go! There's no rate and date talk, just awsome news! Dad is retired and needed something to do i guess. But this is huge news in my book! This tells all you ney-sayers that this is a "real tradable currency". For them to say we are on line with the new dinar and just waiting for the go and the new rate is awsome! I have visited Bank of America in Tulsa Oklahoma two times in the last month and they look at me like i had just "bumped my head". I am so pumped! It's been a long road, but we are almost there........

Just saw this on another site, it gives a great timeline. Appoligies if this has already been posted. Go RV, Baby! All, Call me simple-minded, or just plain someone who likes to keep the minusha to a minimum, but here’s what we’re looking at in the near future that is VERY CRITICAL to our investment… for your reference… - SAT (18th) Parliament’s FIRST reading of the Budget… I believe they need to read it 3 times, and it must be passed. This was referenced in the UNSC meeting. - TUES (21st) Maliki to officially announce his Cabinet… according to the latest news articles, Maliki is to do this on Tuesday, December 21st (next week). - THURS (23rd) Official announcement of the Government of Iraq… according to the latest news articles, Parliament would need to ratify Maliki’s announced positions and decision before this event that is to take place on Thursday, December 23rd (next week). - HydroCarbon Law (HCL) Passage… After the GOI formation (mentioned by Zebari as one of the very first things when he gave his acceptance comments for Iraq). No timeframe was given. Here are some critical items that give me confidence that the above will be taken care of: - Allawi officially included in the Government, heading the Cabinet and overseeing Security. It is my opinion that the US wants Allawi in that position, so as to protect Iraq from any crazy dealings by Maliki with the Iranians. Where too much power is given to one man, it is the sad disposition of man (in general, not specifically) to abuse that power. As such, this is an excellent check-and-balance within the GOI that provide stability for Iraq and for our anticipated currency revaluation. - Supreme Courts decision to not allow Parliament to leave session without Budget approval. This is HUGE in my opinion, as this appears to be Iraq’s understanding of how important this is to the process. With the inability to adjourn Parliament without that being completed, it appears they are in a hurry to get it done. The world is watching and waiting. It appears Iraq has received the message. Now, they need to finish the job. All of the above are things that are coming up that we need to keep a close eye on. Nothing else needs to be said on the matter. I believe we’re close, and I hope Iraq can pull through and keep their word to the world and to themselves.

DV Members, I am taking a moment to let you know that I am leaving my membership Dinar Vets. I will be moving in the shortly after Christmas and in addition beginning a new and increased work schedule. Therefore though it has been enjoyable to learn to post here and meeting hundreds and hundreds of wonderful people it is time to go. Because of you I have enjoyed my membership here and I appreciate and am grateful for having had the opportunity for this very human learning experience with all of you. Thank you for the some very inspiring exchanges and conversations, and sometimes the guidance, and but most of all encouragement you have provided me during my time at DV. Even though I will miss you all and the challenges to my mind that this investment presented to me, I am looking forward with joy to the new exciting endeavor and to the beginning a new phase of my life. You may be certain that I wish you all well and pray that your lives are filled with multiple blessings, happiness, peace and an the most amazing bountiful life with those you love. I will always think of all of you with a smile on my face as I remember old and new friends. It has been quite an experience and I love you all. A wonderful future awaits you as you all embrace the responsibility of blessing of the Dinar Revalue soon. A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned this is the sum of good government. -Thomas Jefferson For truly, I say to you, if you have faith like a grain of mustard seed, you will say to this mountain, ‘Move from here to there,’ and it will move, and nothing will be impossible for you.” -Jesus Christ God Bless America You! God Bless America Merry Christmas and Happy New Year one and all! http://www.youtube.c...feature=related

This Just In… December 17, 2010 12:04 am Take it as a RUMOR… but I just received a call (source in Baghdad) that Maliki just announced his Cabinet. I do NOT know what this means right now, but I’m sure the information will reveal itself over the next couple of days. Do they still need to ratify Maliki’s decisions? What other steps need to take place to make it official? These along with other questions are rattling through my tired brain tonight. I just do NOT know the answers to these questions yet. But, it appears everything is moving at the speed of light…. tie that in with the US Congress passage of the Tax Extensions, and we are GETTING THERE!!! The “Knock Out” items I mentioned in my post earlier today are already starting to fall… Nice!

Vice-QNB: Maliki Will Present His Cabinet During the Constitutional Period (Voice of Iraq) - 17/12/2010 (Voice of Iraq) - BAGHDAD / Aswat al-Iraq: Tell the National Alliance MP Ali Alfalh, Thursday, Prime Minister-designate Nuri al-Maliki's cabinet reshuffle will be submitted during the constitutional period in the 25 this month. The Alfalh told (Voices of Iraq) that al-Maliki, "Egypt's constitutional commitment duration, which ends on 25 this month and will be cabinet reshuffle, according to this time or slightly before." Indicating that the cabinet reshuffle would "have been filled, even though the Ministry of proxy or two," pointing out that "the technocrats will be given a stake in the new government." The working masses since the days of the selection of candidates for positions in the next government, including Vice President and the Prime Minister and various ministries, amid fierce competition going on between the blocks to win some ministries and positions and competition within the blocks between the characters to win the bags the most important will be its share, will be the allocation of ministries between blocks under a number of parliamentary seats according to a points system. And on the Security Council resolution which was released Tuesday and the judge to lift the sanctions imposed on Iraq, said Alfalh that the decision "has many effects, some political and some relations with Iraq and some of the evolution of the Iraqi security forces as well as to help Iraq develop its external relations", The U.S. Vice President Joseph Biden, said during a session of the UN Security Council on Wednesday evening, the Council decided to cancel the sanctions imposed on Iraq after it invaded Kuwait in 1990. Iraq has been under the provisions of Chapter VII after Security Council resolution 678 of 1990 after Iraqi troops entered Kuwait in August of the same year, where resolution allowed the international use of armed force to eject Iraq from there, and according to the provisions in Chapter VII of the Charter of the United Nations. According Alfalh the State of Kuwait "has taken this time the right decision and I realized that the two peoples of Iraq and Kuwait were victims of Saddam's regime, so away from all the pressure that she wanted to make them far from brutalized Iraqis," pointing out that the decision to lift sanctions "will have a major economic turnaround the currency Iraq and the status of the Iraqi economy and investment and the relationship with the International Monetary Fund and confidence in Iraq in case the feet of the request of the loan and its dealings with international banks. " http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.sotaliraq.com/iraq-news.php%3Fid%3D12818&rurl=translate.google.com&twu=1&usg=ALkJrhhY7LmndxX5lGZYeLzft2x9NVejdw

Just wondering, Do you have anything that backs up your statements here? If Our constitution isn't followed, then we are no less corrupt than what we accuse Iraq of being. I'm not saying he is or isn't a citizen, BUT if I am so ignorant at how corrupt people can be(and in fact are) that I don't even check for facts...or proof of honesty in ANY AREA, I don't deserve to live in a free country.Why don't we just give up now,and let the government do everything for us?I appreciate those who are doing research to make sure our constitution is followed....It's those people who many times keeps us from being completely controlled by the government! So, search for truth, yes, but make sure you can back it up either way!

What is it that people in this investment focus on more? The Facts of the Fiction? Granted I have only been in this investment for a couple months and compared to many around around here, I am just a newbie. However, i have noticed in my short time that most people focus more on the Rumors then on the News Now, I know many will say that you can't always trust what you read in the news, especially the news you read coming out of Iraq. But the news has been more accurate than any rumor I have read yet. Yes we get some conflicting articles about the GOI which I see as understandable as what is printed is often the view of the reporter, or the view of the reporters source of information. These people have different views of what is happening and are telling it how they see it. In the end, the news ends up reporting the outcome of the past discussions and the weill informed are able to get a clearer picture of what has happened and what will happen to a reasonable extent. Rumors are nothing but that...RUMORS there are some out there who focus on these rumors, then get upset the day after another prediction has been proven to be false, and come in to the forums or chat wanting an someone to explain to them why it did not happen. Here are a couple of my own observations when it comes to these rumors that people should take into consideration when they read them 1. The DateRate game...NO ONE knows the rate and date, we can SPECULATE what we think the approxomate date might be, but I doubt anyone will ever be able to accurately predict the rate, for those who say it is showing on such and such bank screen, or this banker/trader saw it on blah blah blah, this to me is the biggest tip off of some kind of pumper. 2. Pumper Rumors...if the pumpers job is to get people to buy more dinar from the dealers, then they need to put out info that will get people to think they have enough time to put in that last minute order, call some friends and tell them that they need to just do it because this is going down real soon, ect. Therefore we get the rumors that I see as the most transparent...these are the ones that give either a real good or real high rate, and about 2 days out from when the rumor started. perfect example of this is a rumor posted today here How much do people focus on the rumors then the news? look at the numbers to get a good idea just from these forums alone. News section stats...21,076 topics and 48,381 replies for an average of 2.3 posts per topic Rumors section stats...3,689 topics and 72,466 replies for an average of 19.64 posts per topic this is just my 2 cents, but for those who are letting the rumors lead them in this investment, you are going to do nothing but feel constant disappointment, question if this was ever a good idea in the first place, question if this really is just a scam, etc. This investment will eventually be done, and in my opinion for what its worth, will be done very soon. sorry if not all of this makes complete sense, I have head cold kicking my azz

POLICE SENSITIVITY I get irritated when people come down on our police officers, saying that they don't care. Well, here is a story that shows not all cops are in that category. The Fredericksburg, TX. Police Department reported finding a man's body last Saturday in the Pedernales River near the HW-87 Bridge. The dead man's name would not be released until his family had been notified. The victim apparently drowned due to excessive beer consumption while visiting "someone" in Kerrville, TX. He was wearing black fishnet Stockings, a red garter belt, a pink G-string, purple lipstick, and an Obama T-shirt. The police removed the Obama T-shirt to spare his family any unnecessary embarrassment. Police do care.

Don't let the liberals get to ya rtrusty. Their ignorance is apparent. People will believe what their ideological background supports. As a proud conservative, veteran and law enforcement official this issue goes to the very bone of our Republic. A AJSKJ...I really wish I could meet you in person....maybe at an RV party? Anyway, thanks for the post.

OKIE Call: 12/17/10 - Exciting Today at 12:02 pm from: Miskebam on J4D CALL FROM OKIE – He is dog tired and asked that I post the following for him,he was on the phone most of the night with Baghdad contacts and this is what was told to him: THE LAST UN MEETING WAS MULTIPURPOSE, FIRST LIFTING THE SANCTIONS TO ALLOW FREE TRADE, BUT THE OTHER REASON, WAS THE UNEXPECTED APPEARANCE OF SHABIBI, AFTER THE MEETING SHABS WENT STRAIGHT TO THE IMF TO GET SIGNED OFF ON THE RATE FOR THE RV. REPORTS ARE NOW THAT MALIKI’S GOVERNMENT IS FORMED. BE WATCHING THE NEW YORK TIMES, THE PROOF OF THIS STATEMENT WAS SAID TO BE, OR IS GOING TO BE, LISTED UNDER MIDDLE EAST OR EUROPEAN SECTIONS. ALLAWI HAS BEEN PLACED AS PRESIDENT OVER A NEWLY FORMED COMMITTEE/COUNCIL THAT WILL OVERSEE MALIKI AND KEEP HIM IN CHECK. MALIKI WILL NOT BE ABLE TO PASS ANYTHING UNTIL APPROVED BY THIS COUNCIL, SIGNIFYING A TRUE POWER SHARING GOVERNMENT. FOLKS, IF WHAT I AM HEARING IS TRUE, THERE IS NOTHING LEFT TO DO, THERE ARE NO BARRIERS, NO STOP SIGNS, NO SPEED BUMPS – IRAQ IS NOW A FULLY SOVEREIGN COUNTRY! ONE LAST THING: THERE ARE 182 SHIPS SITTING IN PORT, CURRENTLY UNDER EMBARGO, WILL BE RELEASED TO UNLOAD WEDNESDAY. WILL PASS ALONG MORE AS IT BECOMES AVAILABLE. ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Here's another post from a Chat with Blaino - as a Rumor, that coincides with Okie's posting above..........RON Blaino Chat Rumor Today at 12:46 pm Posted by Gente on J4D FROM A DIFFERENT SITE [blaino] source says government is formed. this should appear in NY Times European section. Shabibi was at UN meeting. He signed off on Wednesday after the meeting with the IMF on a final rate after bringing a pocket full of different rates to the table. Kuwait & Iraq have agreed on dinar not dollars from Iraq for reparations. Source feels the RV will happen before Kuwait is paid. Loose confirmation on the $3.87 rate. [kbeck] Reindeer1 Reindeer1 [lonellc] when was kuwait supposed to be paid ? [K-Dawg] Can anyone find a link to that article? [RonTam004] Blaino When should it appear in NY Times? [jwb] Blaino, are you expecting this to appear today? [Janna] alexdc I said yesterday that Kuwait will now be able to increase the rate for their dinar since they will be receiving 5% in Iraq oil proceeds, so $4.50 or even more for IQD is not unreasonable.

Didnt know where to post it? But just like everybody else I'm searching for answers. If this link have been posted before moderate please delete Thank you for a great forum :-) To aid in visualization of what will happen to the value of the Iraqi dinars through each phase in the process of realignment, this educational tool is provided as a free service and a contribution to the common understanding of casual investors who own Iraqi dinars. Is it a LOP or an RD? The difference between a LOP and Redenomination (RD) is that when you LOP a currency, the upper denominations take on the value of the lower denominations so that they both have the value of the new lower denominations, essentially, dropping zeros out of the face value. This might be done in the case of hyperinflation as a way to catch up with inflation. They can not co-exist. Holders of the currency are required to bring their high denominations in to a bank or money changer and have them replaced with the new, lower denominations. Usually, there is a time limit to do so and after that period expires, the high denominations become obsolete and are no longer usable. That is how a LOP works. By the way, Iraq is not experiencing hyperinflation. Conversely, in Redenomination, both upper and lower denominations co-exist with different values. The higher denominations have a value equal to a multiple of the lower denominations. During the Redenomination period, the high denominations are gradually drawn out of circulation and either vaulted, used to facilitate large transactions between banks or destroyed. This is what we did here in the United States. $10,000 notes still exist, they're collector's items, but they' still worth ten-thousand dollars. Lop Knot Untied Many naysayers are mistakenly convinced that Iraq will LOP 3 zeros off their currency, in essence causing a 25,000-dinar note to take on the value of a 25-dinar note. This webpage is designed to show that this will not be the case. The 25,000-dinar notes and the 25-dinar notes will co-exist. Hence, the 25,000-dinar note will be worth 1000 25-dinar notes. In like manner, the 10,000's & 10's will co-exist as will the 5,000's & the 5's along with the 1,000's and the 1's. Inside Iraq The change will be seen in the purchasing power of the dinar. During the Redenomination period, prices inside the Iraqi borders will begin to fall because of a new, higher exchange rate. Imports will cost less, in dinars and less will be exported for the same prices. The net effect on the Iraqi economy will amount to a lowering of prices inside Iraq and the money the Iraqi people will have will go further toward buying those things that they need. Of course, this in turn will make them feel richer, even though they won't have any more money than they had in the past. Outside Iraq In the United States and any other country, except Iraq, the new exchange rate will be higher than it is now. Much higher. Those of us who own Iraqi dinars will be afforded the chance to sell our dinars for the new, higher exchange rate and realize a sizable increase in our own wealth. http://www.reeveswebs.com/public/dinars/

Source of government: al-Maliki announced his cabinet Thursday17/12/2010Baghdad, December 17 (Rn) - An adviser to Iraqi Prime Minister-designate Nuri al-Maliki, on Friday, for the latter will curse on the composition of the new government next Thursday, indicating that al-Maliki will meet the President of the Iraqi List, Iyad Allawi on Saturday to receive the list of candidates the final of the ministries. He said Almstcharalve asked not to be named told the Kurdistan (Rn), "Prime Minister Nuri al-Maliki will end the number of cabinet reshuffle on Thursday after it reaches all his biographies of ministers from the political blocs," noting that "al-Maliki gave all the political blocs on Sunday the next deadline to hand over the list of candidates for the ministries. " Counsel explained that "the Prime Minister in charge of resolving the approximately 12 candidate for the new ministries, mostly from the National Alliance, will begin on Friday decisively candidates of the Kurdistan Alliance to new ministries," adding that "al-Maliki will meet the President of the Iraqi List, Iyad Allawi, tomorrow to receive the list of candidates ministries." And the Chancellor that "eight biographies of the names nominated by some political blocs to take over the ministries of security and reached the Prime Minister-designate," pointing out that "most of those personalities that lacks independence and experience in the management of security files." The Iraqi List, announced yesterday the completion of the file it with the different ministries, the National Alliance was entrusted after the Ministry of Displacement and Migration and three ministries of the State, while the Ministry of Higher Education and Scientific Research, Youth and Sports of the share of the National Alliance. He was President Jalal Talabani had been assigned at the headquarters of the Presidency in November 25 last officially Nuri al-Maliki to form a government within a period of thirty days from the date of a formal letter, as announced last during a press conference held last month in Baghdad that he would finish line-mid- Month this December. http://www.akhbaar.org/wesima_articles/index-20101217-101860.html

Dont know if its good or bad news but I went to the base finance office today to buy some more dinar and they told me they arent selling it right now. Makes you wonder

mrref, You clearly are not reading these posts in there entirety. The title clearly states Replying to (Not From Me) This Just In…December 17, 2010 12:04 am. Read everything and say nothing if being critical is all you have time to do. Thanks!

Putting a few things together here and they all fit...I think. We all know how huge yesterday was. Apparently timed well too. Doc31 has posted about the 48 "shut down" that has to occur just prior to RV. A nice cover for this move because the holiday started the day after the UN meeting. Perhaps Upgradable's post about suspended ISX trading is a part of Doc's info. Or in some way confirms that this particular 48 hr span of inactivity is far more significant than just a holiday. As a result of yesterday's happenings we find that the only real obstacle now is striking a deal with Kuwait (I think the deal is already done). Even Adam Montana expressed excitement over yesterday and his posted chat references how critical the upcoming Kuwait meeting is. I don't know if Mike032588 is right, but it sounds/looks to be a good find. He showed us that the "proof of increase" is in the fact that Kuwait wants Iraqi CASH (Maybe the "meeting" is just a delivery). Someone else posted that the ministerial positions will be settled on a 48 hr deadline. Hmmm...48 hrs again. Key sanctions lifted, 48 hour "shut down" in effect, all things appear in line for GOI, and Kuwait (who apparently want the RV NOW) will meet with Iraq to settle that squable. I am so glad this is an opinion forum, because this is mine. COME MONDAY...we'll all be feelin' alright!

Yes, it is funny how liberals want to tax those that are successful. I am sorry but an Estate Tax I.E. death tax is nothing more than stealing by the government. To this day I still cannot fathom how much success has now become penalized for the simple concept of greed by politicians. Do away with the Death Tax, implement a flat sales tax and have everyone pay for their government in America.

Why don't they just call jg wentworth? It's my money and I want it now! If you are waiting on a structured cash settlement jg wentworth can get Kuwait there money now! Somebody give Kuwait the phone number for jg wentworth so Iraq can move on. Pas it to Kuwait through Joe Biden.

I think I can hold on a little longer...I guess we have no choice but I feel like we just might be getting a wonderful Christmas present this year... perhaps a little early! "Peace, Love and Togetherness for all!" Go Dinar!

I/we do have something to easy the pain on the Kuwait issue that will come as a great relief to use investors. As always the group I am with has some contacts here & there. It is understood that the UNSC have just about had enough of Kuwait throwing there weight around, or as yet not officially announced. “Trying to hold ransom to a UNSC resolution to justify a means to a financial gain” Didn’t come from me. Now we all know what Kuwait wants & yes they will probably get it but I can also tell you that there are a very large group of investment companies situated in Kuwait that have now lost patient with there own government to the bullish attitude to this resolution. The other bit of Cheese I can offer is that Kuwait is absolutely certain & S**T scared that when Iraq pays them off or arranges via a new UNSC resolution that Kuwait will become second best when Iraq RV/RI, this is what it is really all about concerning Kuwait at this time If I get more I will post it for you Go RV

tHIS IS A POST i RECIEVED FROM A FRIEND ON HOW THE RV IS POSSIBLE AND HOW FRACTIONAL BANKING WORKS: THIS IS A FRIEND OF MINE WHO IS ASKING THIS QUESTION, CAN SOMEONE PLEASE ANSWER FOR HIM? THANKS! FOR SURE THIS IS A NEWBE QUSETION. FOR THE REST OF US OUT HERE WHO ARE STILL ON THE FENCE ABOUT THIS ISSUE, WERE IS THE MONEY COMING FROM? IF I BUY 1000 DOLLARS WORTH OF DINAR, IF AND WHEN THE DINAR AMOUNT IS PAID OUT WERE DOES THE FUNDS COME FROM. HOW COULD A NEW GOVERNMENT TAKE IN 1000 DOLLARS OF AMERICAN MONEY AND PAY OUT 1 MILLION OR WHAT EVER THE PAY OUT IS BACK WITH THEIR MONEY. THAT DOES NOT SEEM ECONOMICALLY RESPONSIBLE OR FEESIABLE. i NOT SURE IF I AM BEING CLEAR ENOUGH WITH MY QUESTION AND I KNOW YOU ARE FAR BEYOND THIS WITH THIS ISSUE, BUT STILL, I CAN'T GET PAST THAT. WHY WOULD A NEW GOV'T GO ALONG WITH THAT? How Fractional Banking Economics will allow a high RV EXPLAINED: First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. How the CBI “RECAPTURES” the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.) Other Factors that Strengthen Iraq’s Position and Ability to RV: ■DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. ■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. ■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. ■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”. So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: ■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 ■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out. ■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 ■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors” ■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

Zebari: It Was Agreed on the Structure of Government Will Be Announced Within Days Foreign Minister Hoshyar Zebari, on Friday, that the agreement on the structure of the new government reached its final stages and will be announced in the coming days, noting that it would retain the Ministry of Foreign Affairs and National Alliance, as well as the Ministry of Oil, while likely to give the Ministry of Finance of the coalition in Iraq. The newspaper al-Hayat in its issue dated Friday, Zebari as saying that "the constitutional deadline to form a government will end on 24 this month, but the structure agreed upon by almost," adding that "an understanding was reached on the three presidencies, and the sovereign ministries, and service ministries, mission and the least important." Zebari expressed his concerns with regard to outstanding issues, particularly the issue of Kirkuk, said that "outstanding issues such as Kirkuk is a constitutional issue and there is fear, there are complexities, but they are treatable with the new government with the psychological and positive atmosphere between the blocks." Friday, December 17, 2010 http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://radionawa.com/(X(1)A(yI__CIfUywEkAAAAYWViMzcyNDktNjVhYS00NTYxLTg2YTgtZDQ4NDVmZGNhZTBj8rb4q1OSidsw1oW_mPMbBbjI70Q1))/ar/NewsDetailN.aspx%3Fid%3D44684%26LinkID%3D151&prev=hp&rurl=translate.google.com&twu=1&usg=ALkJrhjlG9d9HDvKH5KPt8gpF14y8QEMSg

Some words that my father left me with....."If you live beneath your means....you will always have the means to keep living" case closed

Chin up! Better days ahead!! I believe we will all have a VERY Merry Christmas!

Please keep on topic about this post. Your comment needs to be taken to the LOP Talk forum section. There is also a pinned topic of this. I understand you are a newbie but please try to research first and put subjects in their correct place if you can. Thanks.

Get over it A*s@# Obama is a LIAR, A FRAUD and an IMPOSTER!! and everybody knows it ...including you!

We have to educate all the Sheep!!!!!

Zebari: The Highest Authorities of Kuwait, They Are Not Greedy in Iraqi Funds 2010-12-17 Foreign Minister Hoshyar Zebari stressed that Kuwait is that they do not covet the wealth of the Iraqis. Zebari said in an interview published by Al-Hayat newspaper on Friday, that the highest authorities of Kuwait assured the Iraqi authorities that they are not greedy in Iraqi funds, referring to deduct 5 per cent of Iraqi oil revenue to compensate Kuwait for the invasion twenty years ago under the regime of Iraqi President Saddam Hussein. And continued this international action, and that Iraq and Kuwait Christrcanh in the Security Council after the completion of the passage of Resolution 833. He pointed to the existence of pressure on the Iraqi government and perhaps also to Kuwait to solve pending issues between the two countries. He stressed that the resolution 833 on the security, integrity and sovereignty and borders of Kuwait will be the first priorities of the new Iraqi government. In regard to the formation of the Iraqi government, said Iraqi Foreign Minister Hoshyar Zebari said his continuance in office in the new government is formed and the announcement is imminent. Zebari said that there is a national Iraqi, Arab and largely regionally and internationally to sustainability. This pride is too large. http://translate.google.com/translate?hl=en&sl=ar&u=http://www.ipairaq.com/index.php%3Fname%3Dinner%26t%3Dpolitics%26id%3D33617&prev=/search%3Fq%3Dnahrain%26hl%3Den%26prmd%3Div&rurl=translate.google.com

Here is the consolidated call notes from Frank's call on 12-16-10. There was four parts to the call but has been consolidated now. All the best, Lgraham Part 1 Frank states that Delta is excited about the call tonight with his information... Frank opens with a hymn and a prayer. What happened yesterday at the UNSC meeting? Frank states that Monday we posted we gave explanation for Maliki's failure on Sunday- he was supposed to announce the cabinet members but he did not... on Tuesday we told you that wed things would happen like a "bunch of bananas" that represented the charters that were on the Charter 7 on Iraq. This cluster is the remaining chapters we deal with the last year and 1/2 - this cluster is the remaining chapter - to be removed from ALL the charters...We knew on Tuesday they w ould NOT receive the full charter 7 they peeled the banana of the WMD and then good with the adoption of resolution of 661 to a degree and they peeled again and gave you one more thing.... As far as we are concerned it is lifted and you will learn of it tonight... Wed they will never be set free till they do what the authors of the PLAN tells them to do and that's to reinstate the Dinar back to original value. Yesterday was a prophecy of Shabibi coming true - 3 years ago 2006 end S says hey remember me??? he never does till he has something powerful to say... Shabibi says he will work hard next year to rebuild our country back to the 80's and 90's.... Yesterdays actions did just that.... Other sites try to predict by articles - but we prefer the television as we know what they are doing as its owned by the GOI - they will tell you something but the TV cant say it and change it - the internet are not accessible but the Televisions are not touchable - the GOI is speaking for last 3 1/2 weeks ago something... Why would they tell the people on TCV they are lifting 3 zeros and lift value of currency and tell them the charter 7 would be lifted.... cause its time to tell teh citizens... THe TV tells the truth there - they told them and they stopped cause the ball is in the hands of Maliki as he knows what Shabibi is about to do UJNSC will tell the IMF that Iraq is free up to a certain point - the currency - that now its ok to raise teh currency - do you think the IMF will ignore it UN = USofA IMF = USoA Shabibi is pretty smart - he knew to wait... Maliki has good ears - he heard Shabibi 2 months ago to say if you sit I will give you the rate.... the citizens have NOT forgotten this -they remember all Shabibi says as it profound to them as it effects them and their currency... SO Maliki yesterday realized that he is no able to finish his GOI... He has been stalling - he wants charter 7 lifted... He was supposed to sit Sunday and even yesterday and all said it was to happen but UN quickly changed it to a VOTE on lifting it.... Biden had a momentum going there... the citizens did fire the guns at what BIden said - all are happy - Delta is not an Iraqi - he has grave respect for Iraq - he is from the middle east... he is a good Christian man... So now that Maliki is in a position that HE WANTS... he got the parts of the cht 7 that he wanted and he is telling Shabibi give it to me now... Maliki said they extended the DFI Loan - its a back up for a back up and sell oil at good rate not at 1170 to rape us.... SO NOW RAISE THE RATE.... they will make up so much money even with the DFI as back up... When they plan to do it and maybe sit the GOI on the 23rd - THe Kurds are in control but they first said do you want the HCL and the 140 so do we and they are DOING that so allow that to happen - Kuwait is extremely h appy as they have all they want - the little issue is small about body counts -so let them count and respect the dead and be done with the census and be happy.... THe news papers are wrong - everything has been agreed upon with everybody - the HCL and 140 isn't necessary for the IQD... Sunday would be nice... so Kuwait seemed to make a stink but no it was an exaggeration that's all.. But they do want the count done but ITS MINOR, serious but will not effect the IQD.. So will Maliki keep his word for this coming Saturday Dec 18th? He has been studying them for 8 months so he still he - he knows who he wants... but he got what he wanted and we are still holding their necks with the charter 7 if we want we can break it and end it if they want.... they are internationally recognized now adn it expires at year end but there are things the remaining charter are limiting them from doing.. but I believe rate wil be given from Dec 23rd - Dec 26th... As he plans this saturday the 18th to tell the world who his nominees are ... and he plans to sit full cabinet on the 23rd... SO that means every piece is in place to say CHECK MATE - Maliki you have to do this sir.... You can't go another year and do what you did in 2010... in 8 months you came close to imploding your nation and if you do it again you will EXPLODE your nation and your people.... for many years you were under Charter 7 and you are not under the full choke hold now and you have the ability to raise your rate and trade internationally now for oil but not at a 1170 as it will explode your country... 1170 is locked in so give me a rate and watch what will happen to it and it will explode next year... you need to do this Maliki - your people were patient but they now know you can do something different.... I think Maliki will let 23td -26th the rate will be handed from Shabibi to Maliki from the IMF to raise the rate and why was smart cards delayed - they are writing for the rate...its in the 2011 budget - contracts are signed why not building - toilet paper money and no GOI yet.... all mechanisms are frozen and we are to pretend we don't' see these actions - we don't know when - but I can give you a better guess of the rate with all sorts of formulas Adter the 26th we will have one week left for year to end it would be smart if thats the week we are allowed to do this for our Gov and will Pres to do this for tax purposes - no... is our Gov trying to get this done for 2010 and 2011 taxes yes.... there is pressure on Maliki as there is on the bottom of the ocean,. If we go into next year our Gov will loose taxes from 2010 and it will be well remembered against Maliki... Maliki is in a position to let it go... All our Europe is asking have you not done this yet? WHY NOT - they ask - We all pitched in an destroyed our currencies to help Iraq rebuild theirs. What happens if we walk into next year are you patient enough with yourself...??? I got a phone call today from a good friend and couple up in their ages working hard and the economy effected the and they were going to loose their home today and the forum prayed and suddenly they were given a one month extension to survive... Its another KTFM miracle as we get some credit cause we prayed and stood in the gap for this family - all that prayed get the credit at KTFM and out side prayers... r If we walk into next year i don't think we will but don't be sad it won't be that much longer remember what SHabibi said - keep that in mind... if we have to wait 6 more months be strong.... I don't think we will have to wait that long so don't be depressed... Believe in the LORD he will give us the strength... other countries the 5 corners have powerful GOV but weak people and are without GOD and we shall go there... they have to throw rocks and be primitive... we are coming to you... so if we walk into next year with 1170 rate - it will not last for very long... there should not v a probable today ALI had a meeting with CBI finance agents to see his set up... the calls to him today would not go through... HE was very busy today with these officials... Yesterday it was around 4pm I had a team member call saying Shabibi is at the UNSC meeting... __________________ Part 2 Shabibi was at the UNSC meeting for sure... do you understand the importance of his being there, he was NOT on the schedule to be there... HE LOVES his country... IT was a big factor for his currency as to what happened... THEY DID make them internationally recognized even with certain parts of charter 7 remaining - Shabibi sat there, he was seen.... those meetings after went late into the night last night... I have no idea but Delta will tell us... Shabibi heard what he wanted at the UNSC - it was huge.... I posted to pray for Biden on Tuesday as he was there but came home to be at the UNSC meeting to host... got corrected later to not say it but... Newly signed contracts toward the oil has happened.... Last week Shell signed - another big oil company was signed... Maliki went out Tuesday with 50 mikes in front of him on TV and said we are about to be free - THEY KNEW THIS - its laid out - they KNEW this - you can't change this... SO why Maliki are you hopping around like a water fly? I think he is gonna keep his promise now - finally do what he is doing it now... he takes his time seems like - why - he changes his mind - do not pay attention to the articles ONLY THE CBI ONLY not the GOI - do not read it... I wont read it... Watchman on our forum did a wonderful analysis - # 439 on what happened yesterday.... Resolution 661 will be spoken of by Delta... ToyVp - # 459 post - link where Shabibi was there yesterday at the UNSC meeting... - Morgie asked about the census - lot to learn from 23rd to 26th... we learn a lot... Delta are you still in a state of shock from the UNSC meeting? Delta says yes.... He states to congratulate the GOI for what happened at the UNSC meeting... I was waiting on the resolutions too... the confusion on 661 is this - the article that was released to trade freely is the important one to be recognized internationally so now countries can come in. 661 Resolution wa when Iraq in 1991 invaded Kuwait and that year the adopted the 661 resolution freeze assets and embargo... now the unsc will NOT vote for this - they come up with the Opposite of the 661 and vote on that -do NOT worry about the numbers it does not matter - the numbers do not hold to what they vote on... The GOI says 5% would go to Kuwait - charter 7 left now is the Kuwait one border issues missing people is easy to solve... the weapons of mass destruction sanction to embargo economy is gone and that was the important they had 73 sanctions on them and this was the TOUGHEST on them and it was lifted... now its lifted - the DFI expired but the GOI was nto ready and that fund is important and now its extended to 6-30-11 - its still some small claims against Iraq so thats why it was extended so not to loose that money... they will have to pay it back and Shabibi has a plan to pay it back within 6 months to put the money back into the US Fed Reserve... This is good news - TODAY the good news from all the officers wer so happy and they thanked teh US and everybody is happy and one article on tv said they this action by UNSC is goign to boost iraq economy with no more sanctions.. now they can pay different countries withDInars said that on TV logic says they HAVE TO REVALUE THE DINAR - if they buy cereal they can paywith Dinars.. CIB plans to collect the 3 zeros so now they have to revalue... they will deal with the 1170 as it would be suicidal to keep it... they need moneys to survive they will make the Iraq dinars valuable ... a month ago the meeting was for consultation but JOE Biden pushed for the vote to be done back then..... when Joe stated and said 3 resolutions would be voted the discussed you cant do that without discuss but it was done and they all voted in favor of the resolutions and Shabibi was there.. so why was he there? He is a key to the deal to folks - this currency is now going to be international... China is a big player and Shabibi struck a deal behind closed doors... go to video and look at it it was all planned and they went there to show all people - those 3 days were Holy days -the never show NOTHING on TV during those days but they did show this meeting live on 2 of 3 stations...ITS A DONE DEAL a long time ago... why did US push for the 15th? They need it - all the countries due to economy cannot be patient anymore they have to do this NOW... the weapons of mass destruction was done and it was removed of the embargo fro that - now its unbelievable what they will do now... As of yesterday night technically Iraq is free from banking embargoes - well its a holiday there in Iraq now and now Saturday and Sunday the bani will open there... We do not know the date and rate but the medias are hinting the 23rd - 26th something has to happen and because of the embargo is lifted and we should see that on Sunday.... In MY Opinion I say Sunday is a goo date - by the 23rd Malilki has to show the cabinet for the parliament to give confidence... they are excited to do this since UNSC released them... no pressure financially now... No worries about Kuwait - for our investment 661 is nothing its small - Iraq is needed by all the countries... NOW - be ready - it has to happen Shabibi said he would release the rate - maybe this weekend - maybe nice Christmas or nice New year - either way they HAVE to increase their money in value... Frank asks if Iraq people heard - were they excited or un-trusting - Delta said it was like a shock... UNSC came at one of their holy days so they were in street already... but the Gov reactions and interviews on TV showed everybody so happy and even Kuwait congratulated Iraq.... __________________ Part 3 All the ME countries, Egypt congratulated Iraq... Nice feeling and Telabani, Maliki and Shabibi are still thanking the US and now there is an urgency for the Dinars to revalue - jobs are going to be open there - construction - Oil - building etc and all will be happy - unbelievable accomplishment... The wording is different for the 661 they changed it labeled it different now how its read and the numbers change - the come up with resolution against that resolution and different conditions and label with different numbers... do NOT worry - the embargo being GONE is HUGE and they can pay other countries with Dinar now... so it has to increase in value!!! The markets to get prices on items I asked the team - we now see the citizens are being ripped off by rounding up of items they buy and causing them to loose money when they shop.. The team took a 50 dinar for change and the banks are ready and anxious but they said NOT at this moment.... BOA , Chase and Wells Fargo are ready and telling folks that...focus and pay attention Delta the moment that you hear about the 3 zeros lifted on Iraq TV, that means Shabibi will give it to Maliki.... They were bragging about the 3 zeros then BAM they quit - then the GOI sitting is announced now and then when they start up the 3 zeros it will be time - the 23rd to 26th if this is to happen they will talk about it on the TV - not the media... Iceman is going to have heart surgery pray - for Him please Family- his name is (name with held) please...GOD KNOWS HIS NAME>>>>PRAY FAMILY... Tomatoes and cucumbers - kilo is 2.2 pounds - one kilo is $1 and in market is now 1170 but you can't pay that so now they are rounding our from 1170 to 1250 lower denoms but they do not have the 5 10 and 100... they are loosing 80 dinars by rounding so now the lower denoms its urgent for it to come out... they need them to quit the people from loosing money when they need change... one cucumber is $1 or 1170 and they don't have the 20 dinars up and they are suffering - 80 dinars for every dollar they use.. CBI took most of money out of their hands and its so important now to revalue -the 1170 it has to go and will go... This is the most online users that KTFM has ever had signed on at one time...- two weeks ago we had 2200+ and tonight we have 2754 online people on KTFM tonight right now... many countries are watching now... Caller from area code 918 - Jamrock Saw Zabari at the UN - his own words were that the GOI will be announced VERY VERY VERY VERY SOON does sanction 833 need to be lifted to aid the RI-RV as he was concerned about that sanction... Delta says that Kuwait has NOTHING to do with the RI... sanctions against trading and banking was the bad one but that is lifted now and the UN says they have to resolve the last part and now its a done deal - missing people and borders is being taken care of... will not effect the RV.... Caller from area code: 435 - name is Kevin... lots of people says Atty Gen are saying Scam... Frank says the physical currency is NOT a scan as the banks sold them the last few years... stolen sold Dinars are the problem from years ago.. but banks sold them....How can a state agency to warn people against this including dinar holders in their word Scam... NO frank says the dinar is not the scam but the people are that sell it- Delta says the 25,000 is same in US as in Iraq.... Caller says its frustrating to hear they say scam... they say the CPA's had a big tax meeting in Utah that its all a big scam and no way the dinars will revalue...Frank says that news was about DEALERS scamming people but not about the actual Dinar revaluing... __________________ Part 4 Delta says he is not from Iraq - wife is from Iraq and Delta is from Syria... Caller from area code 727: Jim from FLorida - ambassador from Kuwait - they said they would have a GOI very soon and to close this meeting with Kuwait - is it a tip off that we don't know about - Delta says the issues between Kuwait will be resolved with the GOI sitting...so says Zabari.... Maliki has till the 23rd last day and Maliki is done... DAYS within DAYS - imminent said Zabari...DONE imminent.... Caller from area code: Tampa ray asks - at UN the Iraq ambassador that a meeting on the 17th would take place and the a GOI needed it there for closure... we do have Pres, PJ and speaker of house.. you don't need the entire GOI to sit to have a meeting... but in order to do the border Kuwait issues you need WHOLE GOI but meeting on 17th the officers are only needing and its a sign off on the 17th with Kuwait... deal is done and Kuwait says we have no problem and we will take care of Iraq indefinitely... Delta says Tomorrow the 17th is extremely important - pressure and speed is happening... Kuwait from day one wanted Iraq to revalue and that's why Shabibi was there at UNSC meeting - Kuwait said they would not agree for conditions to be removed on Iraq unless they revalued their dinar...so Shabibi showed up to show HE IS ABOUT TO DO SOMETHING WITH THE CURRENCY... Delta says we are close to getting this done within the next two weeks - they need a set rate internationally now... when the dinars come on the market ..1170 will be gone... now they will come out with the new international rate.. SOON... Caller from area code 503: WayneR in Portland Oregon... Thanks frank... Meeting with Ali and the IMF people did that take place today? Frank says he can't answer without permission... but will get the answer for tomorrow.... Caller from area code: Mike from Skype is it possible that Maliki that he delays and with sanctions lifted most of them is it possible that he could loose his PM position and they start over? Delta says no cause this time he took and he is trying not to do the same mistake 4-5 years ago now he is trying to do it right.... NO delays will happen... 159 seats and Kurds have 45-50 and he only needs 163 votes for the seating... he does have the numbers that he needs - he is very intelligent and is very rich and have bachelor degrees outside of Iraq... PM Maliki will be the PM with no delays. __________________ Caller from area code 651: Mike in Minnesota are we ruling out Sunday and Monday or 23rd and time frame to make our appt> Delta says no one knows the date and rate but high possibility due to info we say 23rd - 26th is a WIDE WINDOW - saturday they will meet and a lot on agenda and saturday -this is Iraq and Shabibi could do it... WE KNOW THIS IS THE MONTH ITS ALL FACTS FROM CBI ON THE NEWS AS SOON AS THEY SEE THE GOI SIT - the GOI is now very happy since UNSC meeting,.,. The could announce this with in next two days also... Frank says if they do release it before the 23rd it would be for the 7-10 days needed.... When the CBI released the rate i will not be public - in the still of the night 2-4 am our time.. so we have to study this and when the rate is recognized it would require some laws to be passed or they could have done this already and when the GOI sits its done... Delta says Shabibi was ready since September....so he is ready to do this - MY CONTACTS SAYS SUNDAY OR MONDAY THEY MAY DO THIS - technically they should be international...Friday + 7 = 24th and 2 more days to 26th if its their plan... if not they do it at their pace and care less about their people and their world - Delta says its not their interest to keep it like it is... the GOI is seated even the interim members were.... Delta says as soon as we had the Pres it was enough for UNSC to do what they did... We have all positions ready to go now... it is very precise the GOI is fully suited and ready to say we are OFFICIAL... It boils down to the launch-pushing button by Shabibi as to throw the ball for the touchdown... He showing up in UNSC its huge... Delta says also because the CBI is the one to have the info of the date and rate....THEY ARE READY TO GET THIS DONE - countries were pushing the USA to do this now too cause economy is very very bad... it will help everyone's country... Frank says maybe Shabibi went to calcuate the date while there... Caller from area code 614 - Kenneth -how will we be notified of the RV and a hold on deposits from Ali? Frank says hold only if you did something wrong on paperwork.... no complications from a bank or Ali going to your place of deposit if you did you paper work properly - you will be notified by watching the CBI website.... and KTFM will tell you and we will have on big picture of fireworks... pay attention to counter sites that you trust...FOREX #1 place... Caller from area code: 610 - if this happens on the26th can we liquidate prior end of year or into January...Frank says only if laws were passed before that are needed for the RV.... or if time is required to pass the laws it would leak into next year to cash out... they could be doing that now since its being pushed to the last nano second... Frank states so on the 26th if this RV's, the Toledo office will be ready in 3 days on the 29th... Caller asks about barter for gold will that be available and Frank says Ali says tell him at the appointment setting if you want gold etc. Frank prays to end Conference Call.... Frank sings a song by Morgie for our KTFM family - based on the Beatle's song "Michelle" Frank thanks everyone - END OF CALL __________________

Just a reminder so I don't get a boat load of PM's, emails, and phone calls ... NO AUCTION again today and tomorrow. Ashura yesterday. Spot Oil~$88.56 off about $.80 with 2 of 3 reporting presently Spot Gold $1371.60 ... rollercoaster since yesterday's NY open Zeroes ... your call but I'm saying 46 ... and here's why ... this morning K98nights/Woody posted this: CBI sells $796 million this week December 17, 2010 - 12:59:14 BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) dollar sales this week reached $796.113 million at a stable exchange rate of 1,170 Iraqi dinars per dollar. “The demand hit $1,010 million in cash this week, covered at an exchange rate of 1,183 Iraqi dinars per dollar, and $795.103 million in foreign transfers outside the country, covered at an exchange rate of 1,183 Iraqi dinars per dollar,” according to a CBI news bulletin received by Aswat al-Iraq news agency. None of the banks that participated in this week’s session offered to sell dollars. The Central Bank of Iraq runs a daily auction from Sunday to Thursday. http://en.aswataliraq.info/?p=139842 Read more: http://dinarvets.com.../#ixzz18NKWM01j I glanced at the total and it's correct ... rate correct ... the foreign transfers at $795.103 is the total less the $1.010M in cash (not $1,010M as printed) ... well, when we total the week's cash sales they are $3.01M according to the CBI Exchange rate pdf not $1.01M ... UNLESS someone is playing games with us. Perhaps the article's writer can't do math ... perhaps the CBI webmaster hasn't had his coffee and misposted (several mornings in a row) ... perhaps the Chancellor Mohammed Salih is attempting to deceive us! ... LOTF ... sorry I just couldn't resist including him in a conspiracy theory ... and no, he isn't the chancellor ... and I can see that by the responses by other members that they are beginning to see that he must be the Minister of Disinformation ... good for you. The answer is: I don't know what is up but something doesn't work mathematically. In the past it has taken days for the webmaster to correct his errors ... we will see ... don't look for a retraction from the article's author ... LOL I'm looking for a transcript of Frank26's chat last night but haven't found it yet. If you didn't read his 12/14 lead up to the UNSC meeting you should do that ... great call. If you didn't read 12/15 commentary do that too ... it is full of things that will interest you. Usually my friends LGraham or RonScarpa post the K T F M posts. Kuwait's remaining issues is good ... read Zantac's comments as well http://dinarvets.com...id__304033top Wow ... Woody/K98nights has really been busy today! Woody is THE monster news article poster on DV ... if you haven't thanked him recently make sure that you do so. Without him and folks like him DV wouldn't be the hub of info that it is. I just looked at his posts 10,260 with a reputation of 3101 ... I would applaud but he wouldn't hear me so (and I'm sure that those numbers are changing as I type) ... Thanks Woody! Of, course there are others that are beginning to really fill out the news section as well ... my thanks to all of you as well. I'll pop back in if I see something ... oh, here's Frank26's 12/14 post: http://dinarvets.com..._1entry301211 and his 12/15 post: http://dinarvets.com..._1entry302729 Peace Doc31

so maybe its 1 ship with 182 crew members

Med chat: DS - 12/16/2010 @ 5:30 pm EST Posted on J4D Med: ON KUWAIT FORGET THEM NOTHING ABOUT KUWAIT OR THE SETTLEMENT OF THIS DEBT HAS ANY IMPACT ON A VALUATION OF THE DINAR KUWAIT AFTER READING ALL THAT TRANSPIRED AND IT WAS THEM THAT STOPPED THE ENTIRE CHAPTER VII FROM BEING REMOVED ON WEDNESDAY IS LOOKING FOR A PAYDAY APPARENTLY THEY WANTED A LUMP SUM PAYMENT NOT THE QUARTERLY PAYMENTS THEY HAVE BEEN GETTING OF 20 BILLION USD TO FORGET ABOUT THE MISSING IRAQI'S AND ANTIQUITIES IRAQ APPARENTLY WASN'T GOING TO GIVE IT AND NOW IRAQ WANTS TO GIVE ONLY 2% PROFITS FROM OIL SALES TO KUWAIT INTSTEAD OF THE 5% THEY ARE NOW GIVING BUT AS I SAID IT MEANS SQUAT I JUST GOT DONE TALKING TO MM17 ABOUT ALL THIS ON THE PHONE AND WE GOT SUCH A BONUS HERE I DID NOT EXPECT THEM TO RELEASE THEM FROM UNSC 661 BEFORE THE GOVT WAS FORMED NOW WHY IS THIS SUCH A BONUS TRADE FREELY INTERNATIONALLY FREE MARKET ECONOMY = NEED FOR A FOREIGN EXCHANGE CURRENCY THIS HELPS JUSTIFY SHABIBI'S REASONING IT WILL BOOST THE EC0NOMY ANYTIME YOU CAN HAVE COMPETITION IN A COUNTRY PRICES GO DOWN THEN THE DINAR WILL HAVE AN INCREASED PURCHASING POWER WHEN THERE IS NO COMPETITION AS IS RIGHT NOW IN IRAQ THEY HAVE TO SUBSIDIZE THE DINAR WITH USD IN ORDER TO BUY GOODS NOW I HAVE BEEN READING ALL THE STUFF POSTED TODAY ON SUNDAY AND NEXT THURSDAY THEN THE EXT THAT MALIKI GAVE TO BLOCS AGAIN TO HAVE IN ALL THEIR MINISTRY NOMINEES SO TO ME HIM SAYING THIS PUTS HIM IN A REAL REAL BAD SPOT THE 23RD IS ABOUT THE LAST DAY HE HAS TO FORM NOW PARLIAMENT COULD CONVENE ON THEIR HOLY DAY FRIDAY THE 24TH BUT HE BETTER HAVE HIS CRAP TOGETHER HE NEEDS TO MOVE LIKE THE FRIGGN WIND HERE TO GET THE KURDS PAPERS SIGNED AN OVER WITH HE I BELIEVE HAS NO PROBLEM WITH THE IRAQI LIST BUT NOW I SEE HE HAS A RIFT IN HIS OWN BLOC ON THE MINISTER OF INTERIOR POSITION BUT I AM SURE THAT WONT HOLD ANYTHING UP SO RIGHT NOW THE COUNTDOWN FOR THE FORMING HAS TO BE THE 23RD FOR THEM TO VOTE AND I HAVE TO RETRACT MY STATEMENT EARLIER I THINK THEY HAVE NOT HANDLED THINGS AT A FAST ENOUGH PACE AND USED THE ARROGANCE OF TOO MANY COMMITTEES AND DWELLING IN THEM BEING THE LARGEST BLOC THAT THEY FORGOT THAT IT WAS GIVEN TO THEM NOT EARNED BY THE KURDS AND LIST SO THEY WASTED ALLOT OF TIME NOW ALL THAT BEING SAID THIS IS WHAT I EXPECT IF THE 19TH INFO WAS BASED ON THEM HOPING THEY WOULD FORM ON SATURDAY THEN WE ARE SOL BUT I BELIEVE THEY WILL FORM NLT THE 23RD AND THEN IT IS REASONABLE TO BELIEVE IN THE NEXT 8 DAYS PASSING THAT THE RV WILL COME ABOUT OR WE WILL KNOW WHEN TO EXPECT IT IN A TIMELY MANNER NONE OF THIS AT WORST SHOULD GO PAST THE 1ST WEEK OF JANUARY AND THAT IS GIVING THEM ALLOT OF LEE WAY TO DO THE DIRECTLY AFTER GOVT FORMING TO RV SO THAT IS WHAT I GOT OUT OF ALL THE FORUMS THANK YOU ALL DONE

I was asked by a friend to make a comment on this post so I will. I will make this short. The Kuwait and Iraqi 22bil deal will be worked out behind closed doors on or around the 17th of Dec with the UN and it is more than likely that they will reach an agreement on how this 22 Bil will be paid. On other matters it is assumed Iraq will agree to work with Kuwait to find missing people and missing artifacts still missing from Kuwait. The border dispute is all but done and waiting for final touches. Kuwait and Iraq will be (guided) into an agreement and I look for their differences to be settled within days which will be one more step closer to the RV. Remember that Kuwait depends on the US for security in the region and they know what we want. It is all coming together and should be totally done by the end of this year pending no severe blow up at this point.

You're clueless man...read the timing in the article again. Of course the official Hawaiin website is going to say what it says now....

DINAR Addenum – Same Inside contact who is into trading in NYC now reporting that cashing in may be as early as Saturday at $3.60. To be showing on the worlds screens as they get to them. Kuwait screen is already showing the dinar at the new rate. There is pressure and urgency to get the shipping going again. Also cautioned that the banking announcement needs to be made to officially shut down the federal reserve. Announcement can be a notice in the Federal registry with minimal fanfare. This shut down shall be a year long transition into a treasury bank. Cashing in from all vendors will be processed through the Federal Reserve banks.

I say hammer down larry, im thinking the same thing with 10 million, hell it aint but a thousand. just like puttin it on the hard 8, on the craps table just a helluva lot better odds!!

ILL GO FOR EITHER RATE LET IT HAPPEN ALREADY

I agree with almost everything except the rate. Way too low. Even Kuwait wants it at least over three.

If it RV's this week I will be home for Christmas.. Go RV God Bless all of you.

NOT..................hold your horses.......read the recent comments from Adam. There is a big issue still pending, it's called Kuwait. And there are other issues that could affect this thing such as the HCL and Allawi among just a few. Central Bank of Iraq: Iraq Emerged From the Effects of the Seventh Item on the Econom * Default Central Bank of Iraq: Iraq Emerged From the Effects of the Seventh Item on the Econom 1. Central Bank of Iraq: Iraq Emerged From the Effects of the Seventh Item on the Economic Situation 16/12/2010 14:43 Baghdad, December 16 / December (Rn) - The Central Bank of Iraq, Thursday, for the economy of the country's liberation in full after the decision of the UN Security Council yesterday to lift the sanctions imposed on it under Chapter VII. The UN Security Council voted yesterday, Wednesday, unanimously approved three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, and extended immunity for damages imposed under Chapter VII until the end of June next. The central bank adviser said the appearance of Mohammed, told the Kurdish news agency (Rn), said that "the Iraqi economy liberated completely from all the international restrictions placed on it since almost 20 years because of the policies of the former regime," pointing out that "Iraq came out of Chapter VII, and the issue of compensation Kuwait does not affect the economic reality of Iraq." He explained that "the protection of Iraqi funds internationalist for six months to come came at the request of Iraq so he can qualify and put it to receive funds from the new," noting that "the government was able to convince the Member States in the Security Council in its ability to harmonize economic with a new global system of economic according to changes in the Iraqi economy" .

1/2 Dinar 1993 (Astrolabe, Minaret of Samarra)

Hi, My name is Mark. I'm an estate planning attorney. I've been reading lots of topics and posts on taxes going back and forth. Most indicate that people believe that income from exchanging Dinar for US $ will be treated as capital gains. This is what I used to believe too. You'll find that I have put the same information into other posts, but I've never quite put it together this comprehensively before. The following answers both of your posts regarding the exchange being capital gains tax. It also adds other arguments you might hear in the future and answers them too. It also has corroboration from an "International Examiner" at the IRS. It is long, but I urge you to take the time to read and understand it. __________________________________________________________________________________________________________________________________________________ I have read, "I talked to my CPA/attorney about this and they said it would definitely be ___________." (Fill in the blank with whatever you want it to be - I've seen it I think.) Since all professionals know the same stuff <coughing to self>, why don't we all see the same answer. I think there are two reasons. 1) We all know pretty much the same "basics" but not all the same specialized information. Those who think of currency exchange in relation to the basics immediately think, "appreciated asset = capital gains." However, if you know more than the basics . . . (read what follows). GENERAL ANSWERS FOR ARGUMENTS IN SUPPORT OF CAPITAL GAINS TREATMENT I will not be at all disappointed if you do not believe or agree with what I post here. After all, a lot of intelligent people are saying otherwise. Here is the link to an article by a CPA, Vernon Jacobs, who seems to have better credentials than I do for dealing with foreign currency (he also charges more than me): http://www.maximadvisors.com/knowledge-library/international-tax-planning/US-Taxation-Foreign-Currency-Gains-Losses (this is a link to the same article you posted above) This article makes statements without supporting them. In my analysis, most of the statements made in the article agree with what is written in Section 988 (The section dealing with foreign currency). However, the most important one to us does not seem to agree with section 988. Why then should we believe Mr. Jacobs if his assertions are not explained instead of just stated? While I agree that this gentleman certainly seems to know what he is talking about and has impressive credentials, when I have so much contrary evidence I can not simply believe him because he said so. I need some sort of reference to the authority upon which he bases his claims. (Who knows - maybe he was having a bad day and just misstated something.) Maybe you should believe him. (Maybe I should believe him.) Still, I don't feel comfortable being told something and staking so much on it without being told why. When I try to look into "why" I come up with a different result. Many other CPAs also agree with what I am about to share. The most convincing of which I will share at the end of the post. Another oft mentioned reason for believing that the foreign currency is a "capital asset" that is subject to capital gains taxes is Internal Revenue Code (IRC) section 1221 which says that a "capital asset" is any asset held by the taxpayer except . . . . Nonfunctional (foreign) currency is not listed as an exception. People therefore surmise that if it is a capital asset, it gets capital gains treatment. To correctly analyze this circumstance, you must understand that in legal construction, when there seems to be a conflict in language, specific language trumps general language. In other words, section 1221 does not need to spell out all of the ins and outs and exceptions when dealing with foreign currency because section 988 takes care of that. Section 988 is the more specific language when dealing with foreign currency and is thus controlling on the issue. Besides, there actually are times when "nonfunctional" currency might be considered a capital asset subject to capital gains. You might think of it like this. Foreign currency is a capital asset under section 1221 except where Section 988 says it is not. Probably the biggest thing you will read/hear is, "I called the IRS and . . ." Invariably they point to publication 525 p 33 which says that for a personal foreign currency transaction there will be no recognition of the gain if is is less than $200 and recognized as Capital Gains if the gain is more than $200. The problem is that the IRS is tricky and while it certainly seems cut and dried, it is not. (More on this below.) MY ANALYSIS OF THE TAXATION ON A DINAR INVESTMENT Section 988 OR Section 1256? The Internal Revenue Code (IRC) deals with foreign currency exchange profits and losses under two different Sections; 988 and 1256. The primary section, 988, deals with gains and losses as ordinary income (with one small exception). However, foreign currency investors are often able to opt out of Section 988 and have their investments treated as Capital Gains under Section 1256. Unfortunately, Section 1256 only applies to contracts (i.e. futures contracts and forward contracts) for regularly traded foreign currency. Even if Dinar were a regularly traded currency, I have not seen anyone saying, "I just purchased a spot contract on Dinar this morning. Go RV!!" What I see instead is that people have purchased Dinar either in an account or the physical currency and will hold that currency as long as they want to hold it. Therefore, even if Dinar were a regularly traded currency (which it is not), Section 1256 still does not apply. Therefore you are stuck under Section 988. The Confusion of Section 988 Many people have looked at IRS Publication 525, Pg. 33 to justify their assertions that your Dinar RV income should be treated as Capital Gains. It states: Foreign currency transactions. If you have a gain on a personal foreign currency transac- tion because of changes in exchange rates, you do not have to include that gain in your income unless it is more than $200. If the gain is more than $200, report it as capital gain. This sounds pretty cut and dried. However, you should never underestimate the confusion of the IRS or its code, the IRC. The above quote refers to a "personal . . . transaction." You might be surprised to know that what you have done is not a "personal transaction" under the language of Section 988. IRS Pub. 525 did not anticipated a situation where masses of individuals would be investing in foreign currency with hopes of obscene profits. This language is intended for the traveler who went to New Zealand on "holiday" and when they returned and exchanged back to dollars, they had a little bit of gain or loss. That is not your situation. Breaking it Down I figure the best way to make everything clear is to show you the part of Section 988 dealing with "Personal Transactions." and then explain it. Section 988 (e) Application to individuals (1) In general The preceding provisions of this section shall not apply to any section 988 transaction entered into by an individual which is a personal transaction. [So far it looks pretty good. This means it will not be ordinary income. It will be treated like any other asset and be Capital Gains.] (2) Exclusion for certain personal transactions If-- (A ) The preceding provisions of this section shall not apply to any transaction, and (B ) such transaction is a personal transaction, no gain shall be recognized for purposes of this subtitle by reason of changes in exchange rates after such currency was acquired by such individual and before such disposition. The preceding sentence shall not apply if the gain which would otherwise be recognized on the transaction exceeds $200. [This means that if the gain is lower than $200 you don't even claim it. However, if you exceed $200 then you are back to my previous statement. Still looks pretty good. This is where the information for IRS Pub 525 comes from. Unfortunately this is where most people stop.] (3) Personal transactions For purposes of this subsection, the term "personal transaction" means [finally a definition] any transaction entered into by an individual, except that such term shall not include any transaction to the extent that expenses properly allocable to such transaction meet the requirements of-- (A ) section 162 (other than traveling expenses described in subsection (a)(2) thereof), or (B ) section 212 (other than that part of section 212 dealing with expenses incurred in connection with taxes). [and we still don't know what it "shall not include"] You can see how this can get confusing. To really look at it, we should probably go to Section 162 and Section 212, but I'm going to skip 162 and tell you what 212 says: Section 212. Expenses for production of income In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year-- (1) for the production of income (2) for the management, conservation, or maintenance or property held for the production of income; or (3) in connection with the determination, collection, or refund of any tax. Each Dinar purchase had expenses associated with it such as transaction fees, transportation fees, etc.... That is how the dealers stay in business. Since there WERE expenses related to the purchase of Dinar that "meet the requirements" of Section 212(1) and/or Section 212(2), the income associated with those transactions are specifically EXCLUDED from the definition of "personal transaction" under Section 988. Section 988 (e) "Application to individuals" - does not apply. Since (e) basically says that the provisions of Section 988 don't apply and now you can't use (e), you are back in a situation where the provisions of Section 988 DO apply. That means that you have ORDINARY INCOME. It even goes as far as to say that it should be looked at as "interest income." A WAY OUT Some people argue that they didn't have any expense associated with an investment or business transaction. However, there were transaction fees, transportation fees, etc... that "could" be deducted under section 212 as investment expenses. Since they "could" be deducted as investment expenses, this is not a "personal transaction." The exception to this is if you absolutely had NO expenses associated with your Dinar that you "could" claim as investment expense. Since none of us got our Dinar in contemplation of an exotic vacation to the Iraqi deserts, the only way that happens is if you got it as a gift (not as an investment). Then you get capital gains treatment. (Be ready to prove it was a gift if you get audited.) WHAT THE IRS THINKS OF MY ANALYSIS To further corroborate my analysis of how the IRS would determine the tax on these transactions (not what we would like to believe), I sent my analysis to a friend who is a criminal investigator for the IRS. She forwarded it to an "International Examiner" who agreed with my analysis. (Perhaps when I get to my other computer I might post her email (with name removed) and attach the examples she sent that are used by the examiners in evaluating section 988. There is an example in the materials that specifically addresses selling foreign currency for US $ as a Section 988 Transaction.) FINAL COMMENTS As I said before, I am an "Estate Planning" attorney. I am not a tax attorney. I am tax trained with my undergrad being in accounting, receiving a certificate in tax from my law school, and working in a field where I am constantly looking at ways to help people save taxes. However, I am not above understanding that I can be wrong sometimes. If any of you have a brilliant tax attorney who has a way out of what I have just described, I'm sure we would all LOVE to hear about it. Until then, be safe with the IRS - it is ordinary income under Section 988. Having said all of that - I don't believe guys like Vernon Jacobs just spew stuff out without reason. I really would like to understand his thoughts behind what he said. I'd love to be proved wrong, but until then. . . . I will practice an abundance of caution and go with what the International Examiner thought - ordinary income unless received as a gift. Best of Blessings, Mark SHORTENED DISCLAIMER Should put a disclaimer here - I am an attorney - you can't use this as legal advice and we do not have an attorney client relationship (Assume this goes for anything I ever write unless I am writing it just for you as my client.)

Med Chat: Dinar Speculator 12/16/10 9pm December 17th, 2010 05:31 am · spraky says to (22:55:06): Malki get up get it done sulcata says to (22:55:24): get er done Med says to (22:55:58): ACTUALLY THEY CAN’T HOLIDAY sulcata says to (22:56:40): true Med says to (22:56:51): AND IT WOULD BE BLASPHEMY FOR THEM TO TAKE AWAY FROM THAT GOP says to (23:01:13): Med, Maliki defied the constitution following the elections and got away with it, any chance he might think he can do that again, with the dead line he has to form? Med says to (23:01:27): NO GOP 402raptor says to (23:01:48): he has lots of support here Med says to (23:02:05): THE CONSTITUTION HAS BEEN MESSED WITH ENOUGH AND AFTER THE MAJOR REMOVAL OF SANCTIONS NOW IRAQ HAS TO LIVE UP TO A NEW REPUTATION AND STANDARD IF MALIKI CAN’T FORM BY END OF NEXT WEEK IT WILL GO TO ALLAWI BUT HE WILL FORM HE WILL FORM IN 7 DAYS butterfly says to (23:04:07): but he would have to ge tthe nod and hopefully talibani wouldnt take 14 days like last time lol Med says to (23:04:10): NOW HE MAY TRY A BIT EARLY HE HAS TO GET THE NOD IT GOES BY NEXT LARGEST BLOC butterfly says to (23:04:35): i know but its up to talibani to give it and he has 14 days to do that just puttin the timelines out so no one gets confused lol Med says to (23:04:56): YES BUT HE DOESN’T DECIDE WHO GETS IT ONLY IF HE WAITS THE ENTIRE 14 DAYS GOP says to (23:05:21): It sure sounds from what I have read, Maliki is going to do everything he possibly can to form and I think he will get it done. I really liked his comment that he and Allawi “compliment each other” Med says to (23:05:32): YES I DID ALSO AND ALLAWI GOT ALLOT GOP says to (23:05:54): Yes he did Med says to (23:06:03): PLUS THE ONE OF THE TWO MAJOR MINISTRIES THE MINISTRY OF FINANCE ACTUALLY IT IS MALIKI’S BLOC THAT IS HAVING ISSUES THEY CAN’T AGREE ON THE MINISTRY OF INTERIOR GN

JERICHO...GOOD POST AND I BELIEVE YOU ARE EXACTLY CORRECT. KU WANTS AN RV...HAS MADE AGREEMENTS ALREADY WITH IRAQ...AND AFTER MALIKI DOES HIS DEAL ON THE 23RD OR BEFORE...SHABIBI SHOULD BE GOOD TO GO. IT MAY STILL BE A FEW DAYS BUT ALL THE PRESENTS WILL BE UNDER THE TREE. POURITFORWARD

Central Bank of Iraq: Iraq emerged from the effects of the seventh item on the economic situation 16/12/2010 14:43 Baghdad, December 16 / December (Rn) - The Central Bank of Iraq, Thursday, for the economy of the country's liberation in full after the decision of the UN Security Council yesterday to lift the sanctions imposed on it under Chapter VII. The UN Security Council voted yesterday, Wednesday, unanimously approved three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, and extended immunity for damages imposed under Chapter VII until the end of June next. The central bank adviser said the appearance of Mohammed, told the Kurdish news agency (Rn), said that "the Iraqi economy liberated completely from all the international restrictions placed on it since almost 20 years because of the policies of the former regime," pointing out that "Iraq came out of Chapter VII, and the issue of compensation Kuwait does not affect the economic reality of Iraq. " He explained that "the protection of Iraqi funds internationalist for six months to come came at the request of Iraq so he can qualify and put it to receive funds from the new," noting that "the government was able to convince the Member States in the Security Council in its ability to harmonize economic with a new global system of economic according to changes in the Iraqi economy" . Mohammed indicated that "the economic institutions of Iraq will work during the next six months to limit the claims that may be brought by some businessmen against Iraq." The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, on the impact of sanctions imposed on Iraq from the international community and put under Chapter VII, which makes it a country threatening world peace and security. Included international sanctions prevented the import of chemicals and nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons. Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program "oil-for-lunch" No. 986. http://www.aknews.com/ar/aknews/2/202916/

Really??? I can see this thread is going to be a fun one to watch… (BUNKER BUNKER BUNKER) he he he

Ummmm..... not to be snarky, but I wasn't responding to marcus. I was posting a good article that I though would help disprove the LOP theory. I don't mind being 'reoriented' but you should at least read what you're criticizing first.