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cranman

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About cranman

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  • Birthday 10/18/1971

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  1. This is an old article, I know. But it is very compelling and makes sense. It's long so settle in. It does talk about the 2 currencies side by side. Opinions and comments are welcomed. I try to see both sides of the coin to ensure a good overall picture. I'm not a lopster! No flaming, rude comments or degrading of me is allowed. Haha. Seriously though. Forgive me if this has been posted before. If it angers you don't comment on it. I know they have auctions to draw the Iraqi Dinar back into the banks. How much is still out there? If anyone really knows the answer, that could make this irrelevant. Where do we go from here part 2 APRIL 28, 2012 Where do we go from here? Good Question In the last post we looked at the well-oiled dinar machine. We saw how the currency auctions buy US dollars and release more and more dinar. We saw how dinar makes its way back to the United States and is sold for US dollars. These dollars flow the other way into Iraq as a result of the dinar sales. We saw how over time the currency supply has expanded and there is now 35 trillion dinar outside of banks. Their M2 is 69 TRILLION. We saw how Jordan owns a great deal of the Nation Bank of Iraq and that it was given to them after the invasion. Jordan paid 7.3 million for 49 percent of the bank. They were and are instrumental in bringing the dinar state side We also see that US dollars make their way to Iraq as they are traded for dinar. Because of this Iraq’s currency supply keeps expanding. They have not reduced the money supply. It has grown by trillions since I have been in this. In fact, in March of this year Shabibi has released another 6.5 trillion in the money supply. We followed the money and exposed the lies. Documents can be found on the CBI website. So now let’s talk about what exactly is going on over there and let us identify all the players. Let us talk about our first player, the central bank. By looking at our central bank (the Federal Reserve) we can better understand Iraq’s central bank. What is a central bank? After World War II the global government expanded. Under the United Nations umbrella global organizations were started. The International Monetary Fund, IBRD which became the World Bank, GATT which became The World Trade Organization, all started shortly after the war These organizations all worked hand in hand with the Marshal Plan. http://en.wikipedia.org/wiki/Marshall_Plan “The reconstruction plan, developed at a meeting of the participating European states, was established on June 5, 1947. It offered the same aid to the Soviet Union and its allies but they did not accept it, as to do so would be to allow a degree of US control over the Communist economies” Under this plan nations were rebuilt. A central banking system was started that was modeled after the Federal Reserve, and nations surrendered their sovereignty. After the Invasion of Iraq the Coalition Provisional Authority (CPA) came in and set up shop. They were the temporary government in Iraq. They set up the central bank. Laws regarding the central bank are found in order number 56. Here are some of my observations from that order. “Recognizing the problems arising from the former regime’s policies regarding governance of the Central Bank of Iraq, Further recognizing the CPA’s obligation to provide for the effective administration of Iraq, to ensure the well being of the Iraqi people and to enable the social functions and normal transactions of every day life,” “This Order establishes a safe, sound, and independent Central Bank for the purposes of achieving and maintaining domestic price stability, fostering and maintaining a stable and competitive market-based financial system, and promoting sustainable growth, employment, and prosperity in Iraq.” Order 56 establishes a central bank separate from the government. It was also written into the Iraqi constitution that the central bank would be separate from the government. “Independent commissions and institutions The High Commission for Human Rights, the Independent Electoral High Commission, and the Commission on Public Integrity are independent commissions subject to monitoring by the Council of Representatives. The Central Bank of Iraq, the Board of Supreme Audit, the Communications and Media Commission, and the Endowment Commission are financially and administratively independent institutions. The Foundation of Martyrs is attached to the Council of Ministers. The Federal Public Service Council regulates the affairs of the federal public service, including appointment and promotion.” Maliki and Alawai battle for the prime minister position. After the election in the first part of March they fight it out all the way to November over who will be the new prime minister. The Supreme Court of Iraq decides to move the central banks authority to the cabinet. This was in January of 2011 “A January 18 court ruling put several key independent bodies such as the central bank and election commission under cabinet supervision, arguing they should be answerable to the cabinet instead of parliament because their work was executive in nature” In February of 2012 the amount of currency out of the CBI in circulation was 28 trillion 538 billion. In March of that same year it ballooned to 34 trillion 999 billion. So in one month Shabibi released 6.5 trillion dinar. http://www.cbi.iq/index.php?pid=Statistics (click on the key financial indicators file) Maliki tried to exercise the power given to him on January 18 2011 by the Supreme Court of Iraq. Parliament through a fit about this. They sent the cabinet a letter telling it not to interfere with the central banks policies http://articles.chicagotribune.com/2012-04-11/news/sns-rt-us-iraq-centralbankbre83a18p-20120411_1_iraq-parliament-maliki-nujaifi http://www.reuters.com/article/2012/04/11/us-iraq-centralbank-idUSBRE83A18P20120411 Maliki is being made out in the media as though he is trying to do a power grab. A vote of no confidence has yet to determine the fate of this government. In one corner we have the CBI run by Shabibi. In the other corner we have Maliki and the cabinet. And then we have parliament. http://topics.nytimes.com/top/reference/timestopics/people/m/nuri_kamal_al-maliki/index.html http://www.iiss.org/publications/strategic-comments/past-issues/volume-18-2012/april/iraq-maliki-power-grab-risks-fresh-civil-war/ http://www.realclearworld.com/articles/2012/04/23/maliki_power_grab_risks_iraq_civil_war_100019-2.html http://translate.google.com/translate?hl=en&rurl=translate.google.ca&sl=ar&tl=en&u=http://www.alforatnews.com/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D10606:2012-04-09-05-20-17%26catid%3D37:2011-04-08-17-25-57%26Itemid%3D57 So we have an Iraqi government in turmoil. Even though Maliki was given control of the central bank by the court in January of 2011, He never exercised that control until Shabibi decides to release Trillions of dinar into circulation. The question still remains what is the game plan here? The main reason I am going into detail about all this is because there are several guru lies that are coming out to pump the sale of dinar. Pumpers are taking the opportunity to sell more dinars as a result of the events overseas by lying to investors once again. I am not going to name names yet. I am just going to debunk the lies first. 1. The first lie says that if Maliki winds up controlling the central bank there is a 70 percent chance that they will not redenominate. Instead they will revalue the currency. 2. The second lie states that Maliki wants to control the CBI so that the government can have a more direct line to the IMF. The truth is if Maliki winds up controlling the central bank then things will get worse for Iraq on a global level. This is because it goes against the IMF model of having an independent central bank. That’s what the CPA set up, and that’s what they want. That is what the NWO globalist elite want. They want a separate central bank so they can have better control of governments and their economies. This is why Russia denied assistance under the marshal plan. They did not want to surrender their sovereignty. If Maliki controls the central bank then you kiss can WTO membership goodbye. The dinar will not be a reserve currency, and there will be other trade problems as well! Gurus will use this to try to say Maliki will enforce a revalue. This is just not the case. The one world government, aka UN, IMF, WTO, World Bank, will reject the dinar because the central bank will go against the model of independence. If there is a vote of no confidence in Maliki without addressing his concerns of corruption in the central bank then that could create a split in an already divided government and the government itself may begin to fall apart and become an Islamic regime. These are all possibilities. http://www.tensdinarden.com/showthread.php?4685-Government-to-carry-out-the-responsibility-of-the-Central-Bank-of-smuggling-180-bil Revalue How would a Revalue work? If the dinar would go to $3.00 as some gurus claim and there is 35 trillion outside of banks? That would put a value on the dinar somewhere around 105 trillion US dollars. Anyone can see this is just not plausible. It is not possible for the dinar to RV to $1.00 given the current dinar outside banks. That’s a dollar value of 35 trillion. This amount is double our debt and it is triple our M2 money supply. Even an RV of 1 penny would bring a threat of hyperinflation as this would have an overall effect of expanding the money supply. That is a 1,000 percent increase in the currency’s value. This has never happened in History….. EVER! A Revalue is a policy decision just like devalue is a policy decision. It only affects peg currencies. Floating currencies adjust according to market demands. Pegged currencies like the dinar need to adjust from time to time. Shabibi has always said that a revalue is used to combat inflation. It is what they do to control inflation. If the adjustment is too much it will have the opposite effect. The last revalue was just 4 pips 1170 to 1166. Slight movements are used to keep the currency in balance. Redenomination A redenomination is a whole different animal. I use to think that Iraq was not talking about redenomination when they were talking about raising the value of the currency and dropping the Zeros. After all how could Iraq do this with a 50, 250, and 500 in circulation? The basic Guru presentation is they will remove the 25,000 10,000, 5,000 and 1,000 notes. (The notes with three zeros) and then they will raise the value of the existing notes and introduce lower denominations. This will happen in one night as trillions of dinars suddenly rise in value. No one stops to consider the economic chaos that will come from this. Not only has an RV this big never happened before in history. This scenario has never happened before in history. The truth is redenominations happen all the time. Reducing the amount of currency people carried, dropping the zeros, and raising the value is all redenomination language. When a redenomination happens a new ISO currency code is released. (AKA ISO 4217 Country-Currency Code) The ISO code is 3 letters that identifies the Currency for a country. For example, USD = US Dollar, IQD = Iraqi Dinar In a straight across redenomination a new series of currency will be released and a new ISO code is issued. There is a trade in period or time frame when both series of currencies will coexist. Once the time frame expires the old series will no longer be valid. Every note in the old series will be taken out of circulation. If Iraq redenominates the 500, 250, and 50 notes will all be removed and will not be valid after the trade in period. Here is how a straight across redenomination will work. OLD CURRENCY IQD NEW CURRENCY NEW ISO One 25,000 note old dinars = One 25 note new dinars One 10,000 note old dinars= One 10 note new dinars One 5,000 note old dinars= One 5 note new dinars One 1,000 note old dinars= One 1 note new dinar Two 500 notes old dinars= One 1 note new dinar Four 250 notes old dinar= One 1 note new dinar Twenty 50 notes old dinar= One 1 note new dinar Keep in mind that the dinar further breaks down in units of fils, Kind of like our dollar breaks down into cents. This will be reflected in the redenomination process. When there is a redenomination every old note will be pulled out of circulation. 35 trillion outside of banks will become 35 billion outside of banks. There will be no loss of value. Between 1960 and 2005 there were 70 currency redenominations. Some countries redenominated more than once. Since Redenomination has a historical precedence and the mythical RV of a 100,000 has none. Which one do you think Iraq is likely to do? Terms like removing the zeros, raising the value, and LOP, carrying less money, Are all slang terms for redenomination. See for yourself. Check the links below. The problem here is Iraq, News organizations, and international governments are using redenomination and revalue interchangeably as if they all have the same meaning. This is where a lot of the confusion is coming from. While some of the articles declare a revalue of the currency, they really reveal and declare a redenomination process.
  2. cranman

    Ministry of Finance Cancels Currency Service Section

    I believe that this is one of the steps that had to be completed before the RV. I'm sure of it. Never before has a site, related to money, gone down for maintenance in the 14 years I've been in this debacle. It's RV time. Disclaimer: Only having fun here. It's what I do after only one cup of coffee. Have a good day DV.
  3. I noticed that too. What's up with that? They look like claws.
  4. cranman

    CBI News 05/31/2018

    Just so you know 6ly410, I'm wanting you to be right. Really, really right really, really soon!
  5. cranman

    CBI News 05/31/2018

    So we really thinks that it's going to be 1, 5, 10, 20, 50 and 100s ? I'm at odds. I know that they can't come right out and say we are going to RV today so exchange your money now. But I haven't seen anything that says exchange for 1, 5, 10, 20, 50 and 100s either. Just exchange for lower notes. I'm not a Debbie downer. I want this to happen too. I just think that we may be reading into the articles too much. I wish the articles were written better and not so open to interpretation and speculation. It's like the articles are written by the gurus.
  6. cranman

    CBI News 05/31/2018

    Sorry for the double post. I get a little anxious. Haha
  7. cranman

    CBI News 05/31/2018

    I hate to agree with you KB but you are correct. Not one mention of the "new " low denomoinations just low denoms. The 5,000 is a low denom relatively speaking. I would love to be wrong though.
  8. cranman

    CBI News 05/31/2018

    I hate to agree with you KB but you are correct. Not one mention of the "new " low denomoinations just low denoms. The 5,000 is a low denom relatively speaking. I would love to be wrong though.
  9. Big Trouble in Little China. What did I win?
  10. I got into this in 2004 and have been on many sights staring at the screen waaaaaaaaaaaay to long. I'll never sell as I think this will happen one day. I'm going to follow your lead and go on vacation at the beginning of June and not get distracted by this investment for awhile. It's nice to dream about what we could do with the fruits of this investment when it happens. I can do that away from the screen and be more productive somewhere else. But I will check in from time to time. I'm sorry that I'm causing this investment to drag on for so long. I know that as soon as I sell my stash it will RV the next day. Since I am not selling, please except my most heart felt apology.
  11. Outstanding responses by some outstanding people! It's nice when someone can express a different view point, that maybe others don't want to hear, and you don't crucified, belittled or degraded by other members responses. This made my morning. Thank to everyone on DV!
  12. I find it interesting that just because it is Ramadan that no one thinks anything can happen. Life and business still goes in in Iraq during Ramadan. I know we need the formation of a new government and other things to take place over the next few months. If everything was voted on and agreed upon before the elections then the RV would happen as they planned it. The fact that nothing is happening (that we can see) just shows that we have read way too much into what has been reported and interpreting it in our favor. There are so my articles posted here on a daily basis that it is hard to read all of them. By the way good job newshounds! The fact is that a very, very small percentage of them actually say anything about and RV of currency. Mostly it has been about getting the banking system updated and connected to the rest of the world. Certainly good news and shows sign of progress. I hate to think this, but it has been 15 years of the dinar at an extremely low rate. It may stay this for much longer as it seems that the country is working with the dinar at such a low rate. Although it could work much better at a higher rate. Many countries have recently donated billions of dollars to the reconstruction of Iraq. Why do that if the RV is so close. Surely presidents and prime ministers of other countries are privy to information that we are not. They even have there own financial and banking experts to help guide their decision when deciding to help Iraq. I want this to happen like everyone else. I fear that the ride is going to go on much longer that we thought. If it ever stops. Adams silence is deafening. He/ we were all sitting on the edge of our seat a month or two ago. Now Ramadan, new government to be formed and no signs of any thing going to happen with a sense of urgency. Somebody prove my points/ statements wrong and make us all feel better. This was just my opinion (as always).
  13. cranman

    Delete three zeros from the currency question?

    Then that's not good for us.
  14. cranman

    Delete three zeros from the currency question?

    I wasn't an operator or fuel handler. I ran a crew of armed security officers. We handled access control, perimeter security, testing of systems, personnel and vehicle searches, alarm responses etc.
  15. cranman

    Delete three zeros from the currency question?

    By the way I'm just throwing out my opinion. I like to talk things out with my cohorts. Together we may figure out what the true intentions are and when they want to implement their plan. When i worked for a nuclear power plant we had to follow procedure to the letter. Believe me when I say a nuclear power plant is procedure driven. My peers and I would talk out situations that would occur and try to rectify them within the procedure guidelines. The more heads we brought into the discussion the faster we figured it out. If they are going to Revalue their currency to its former glory, after the passing of the HCL, then no way are two notes with same value going to exist simultaneously. for 2 years. It would be a logistical nightmare. Making a new note with three zeroes would render old three zero worthless after the exchange period. UNLESS a new three zero note and the old three zero note existed at the same time. The new note having the value of the new rate and the old note being valued at the old rate. That would ensure that all old three zero notes were turned in in two years. ( I just went crossed eyed). I know, it's expensive to print new notes. I don't thinks that's an issue though. If they float it out of the gate then there will be no need for the two currencies to have the same value and exist side by side. They will rise equally and both increase at the same rate. Until it stabilizes all contracts for outside contracting entities , in my opinion, will have to be in dollars or some other stable currency. Did I confuse everyone or am I just confused? BTW, wife is out of the state and I'm on the computer unsupervised. Bwhahahahahahaha
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