Luigi1 Posted March 3, 2014 Report Share Posted March 3, 2014 Who in your opinion is holding up the RV? From many news sources the CBI, the Finance Committee, Maliki, Turki, the Kurds and Parliament says they are all on board. Give you view who or what is the holdup. -UST...USA...Obama. -Maliki. -Turki...CBI. -Int'l Banks...corruption. -Tier One...the top 1%. -Other. 2 4 Link to comment Share on other sites More sharing options...
KristiD Posted March 3, 2014 Report Share Posted March 3, 2014 I never bought into the theory before, but today I found this article on another news site: *****************************************Iraqi diplomat: Washington refuses to reset the dinar and its biggest loserBaghdad, Washington / Orr NewsRevealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI.The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt.” And showed that “the Iraqi currency, have been added zeros at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. “The specialists in economic affairs confirmed that the government’s approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks, according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.**************************************************************source: http://translate.google.com/translate?depth=2&hl=en&nv=1&prev=/search%3Fq%3D%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%2B%D8%A7%D9%84%D8%AF%D9%8A%D9%86%D8%A7%D8%B1%26lr%3D%26hl%3Den%26tbs%3Dqdr:d&rurl=translate.google.com&sl=ar&u=http://www.uragency.net/economy/484-2014-02-25-18-36-25.html I don't know what to think now...... Link to comment Share on other sites More sharing options...
eburt Posted March 3, 2014 Report Share Posted March 3, 2014 It's all smoke & mirrors - I don't what to beleive any more concerning this so called investment - I know one thing for sure (my opinion) not believing any articles coming from media in Iraq..... 1 Link to comment Share on other sites More sharing options...
Luigi1 Posted March 3, 2014 Author Report Share Posted March 3, 2014 I never bought into the theory before, but today I found this article on another news site:***************************************** Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser Baghdad, Washington / Orr News Revealed an Iraqi diplomat in Washington that the U.S. administration strongly rejects Iraq’s decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI. The Iraqi diplomat said that “the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt.” And showed that “the Iraqi currency, have been added zeros at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. “ The specialists in economic affairs confirmed that the government’s approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks, according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately Previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions. ************************************************************** source: http://translate.google.com/translate?depth=2&hl=en&nv=1&prev=/search%3Fq%3Dالعراق%2Bالدينار%26lr%3D%26hl%3Den%26tbs%3Dqdr:d&rurl=translate.google.com&sl=ar&u=http://www.uragency.net/economy/484-2014-02-25-18-36-25.html I don't know what to think now......[/quote Thanks. I have also come across several articles stating the USA is the holdup due to non compliance to non asset backed dollar. 2 1 Link to comment Share on other sites More sharing options...
Francie26 Posted March 3, 2014 Report Share Posted March 3, 2014 Has anyone seen anything about this on BondLady's news site? I would trust anything she reports, but not much else. And if this is true, I would think she would have posted it by now. She's usually quite thorough with her news reporting. Also does Washington have that much control over Baghdad now that Obama has pulled so many of our troops out? Link to comment Share on other sites More sharing options...
Sage449 Posted March 3, 2014 Report Share Posted March 3, 2014 (edited) Luigi - with the rest of the garbage going on, this would not surprise me to learn that this is a US hold-up - +1 for the article - see no reason to minus you for this read. Edited March 3, 2014 by Sage449 Link to comment Share on other sites More sharing options...
RVWITHME Posted March 3, 2014 Report Share Posted March 3, 2014 Luigi Et AL, You may want to get out (of the rumors section) more often, we've been discussing that very topic for a week over in the news section. http://dinarvets.com/forums/index.php?/topic/173263-iraqi-diplomat-washington-refuses-to-reset-the-dinar-and-its-biggest-loser/ Cheers! Link to comment Share on other sites More sharing options...
tamiflyer Posted March 3, 2014 Report Share Posted March 3, 2014 Hello folks. In my most humble opinion, the only anomalies that can hold up a currency change, up or down, are what stop it backing it up many years ago. In other words, gold used to back currencies worldwide many moons ago. Today, corporations, promissory notes, the 9-1 lending scheme and a few other ones that I am not going to get into now, Perhaps later. There are also middle deviations that can dictate the timeline of movement. For example, If I own most of the oranges in the world and my harvest is ready for picking, I will pick them all, kill all the plants and then replant. This would bring my prices of the oranges over triple of the norm, until my plants can be ready for harvesting again. Think about what I said for a second! In other words, for the next 3 or more years, orange juice would cost so much that it would be better than gold. Not to say that I had already bought the competition out already. Now, one can't kill the gold supply but one can surely slow it down. With this in mind, we surely don't know who or what is holding the RV up completely. I will say this. Brent, sweet or what ever you want to call it, Iraq has some of the best and cheapest to produce oil in the world. It cost Iraq about 3 dollars to produce every barrel of oil while Venezuela, the world's holder of the biggest reserve, has to dish out about 30 dollars per barrel for it to be consumable, not to mention the other OPEC members. There is money saved by Iraq that is not being considered here that sure adds up since the oil is always consumed daily. There are sure a lot of huge powers that don't want the RV because it damages their interest right now. (Money saved by one is money spent by another) However, there are countries who want this RV right now. (Money to slow their production for future generations, mass growth and charge.) In reality, nothing is holding the RV, from Iraq's point of view. They only have about 30 million Iraqis and if you look at Venezuela in 1977, the Bolivar was 4.3 to the dollar. Venezuela lost its value from then due to corruption and misappropriations of funds until 1999. Iraq is in a better situation now. Most are poor and if an RV would happen, corruption could be gradual and not just for the chosen few. Misappropriations would be hard to do since most are at the same level and watching each other like hawks. JMMHO. Good luck to all and Go RV. 1 Link to comment Share on other sites More sharing options...
Luigi1 Posted March 3, 2014 Author Report Share Posted March 3, 2014 Who in your opinion is holding up the RV? From many news sources the CBI, the Finance Committee, Maliki, Turki, the Kurds and Parliament says they are all on board. Give you view who or what is the holdup. -UST...USA...Obama. -Maliki. -Turki...CBI. -Int'l Banks...corruption. -Tier One...the top 1%. -Other. Has anyone seen anything about this on BondLady's news site? I would trust anything she reports, but not much else. And if this is true, I would think she would have posted it by now. She's usually quite thorough with her news reporting. Also does Washington have that much control over Baghdad now that Obama has pulled so many of our troops out? BL is usually spot on in her research. She is even puzzled by the delays. I have read that the USA is not Basal III compliant and that may be the GCR holdup. USA new Federal Reserve Bills due out any moment are to be asset backed. 2 2 Link to comment Share on other sites More sharing options...
ReinMan Posted March 3, 2014 Report Share Posted March 3, 2014 Hmmm good article there, but as stated above, I don't believe much coming from Iraq either. They can say something is done, but it seems like a bit of a finger-pointing article. IMO the CBI can RV at their will, but they're simply not ready yet as a country - it's still in shambles. If they're going to RV, they WILL need to pull in some currency off the streets as I've read they've been doing (supposedly), or everyone with a brick of (25K dinar) bills will become worth near $75 MILLION!! I'm judging a brick is 1000 bills looking at the picture in the article. Please feel free to correct if you know different. I really don't see how the U.S. is blocking anything, as Iraq (or any other country) can state a value and it is. The only thing I can think of is that there aren't enough DOLLARS to give out to honor our Iraqi coop'ns and the UST is freaking out at the idea. I remember Frank or Delta on a conference call a few years ago spilling the story and reason in a VERY detailed and FAST TALKING WAY as to how this will all work out fine, but the bottom line is we just have to wait for it. Here's a post from a "guru" that might have something here....3-3-2014 Intel Guru Jester THE REASON IT HAS NOT MATERIALIZED YET IS IT IS NOT TIME FOR IT TO HAPPEN... NO MATTER WHAT ANYONE ELSE SAYS THAT IS SIMPLY THE WAY IT IS...FOR ALL THE PEOPLE CALLING IMMINENT RV...GET A GRIP... STOP LISTENING TO THE UST.. THEY WILL LIKE TO DO IT EVERY NIGHT... BUT THEY CANNOT... DOES NOT WORK THAT WAY. ----- Maybe that's why TerryK was calling it every week, the UST was spoonfeeding him. Anyway, nice to see something out of Iraq that has some meat on the bone. Too bad the diplomat isn't NAMED so we can say "Hey UST, this guy says you're blocking progress. What's going on?" (Maybe this can happen anyway.) Then the UST can go UUUUUHHH..... UUUUUMMMM..... Well uuuuuuuuhhh..." YOU GOTTA LOTTA SPLAINING TO DO LUCYYYYYYY!!! Link to comment Share on other sites More sharing options...
wlfpac_5 Posted March 4, 2014 Report Share Posted March 4, 2014 As long as the CBI is selling dollars / buying Iraqi Dinar, why would Iraq want to RV their currency. I am waiting to see when the stop buying dinars. Link to comment Share on other sites More sharing options...
sandfly Posted March 4, 2014 Report Share Posted March 4, 2014 THANKS 1 Link to comment Share on other sites More sharing options...
dontlop Posted March 4, 2014 Report Share Posted March 4, 2014 Who in your opinion is holding up the RV?From many news sources the CBI, the Finance Committee, Maliki, Turki, the Kurds and Parliament says they are all on board.Give you view who or what is the holdup.-UST...USA...Obama.-Maliki.-Turki...CBI.-Int'l Banks...corruption.-Tier One...the top 1%.-Other. Who says there's a hold up ? The gurus ? They may be right on schedule They may have a 25 year plan They may of come up with a 10 year plan in 2009 Or 2007 They may not even have any plan and we were all misled by people who were misled Ya got to remember there is no guarentee here And so far we have seen what ? Besides bs I want to see the cbi start buying dollars and expanding the reserves to over 100 billion I want Iraq to move to article 8 I want Iraq to pay off Kuwait I want a lot of things but I still get up and go to work each day And that's not what I want I want to see a big red button getting pushed. To bad there's no real red button to push Red buttons are for emergency stops Maybe that's the hold up Everyone keeps telling them to push the big red button so they do and it keeps shutting everything down The dinar used to have value based on Iraqs ability to pay its debts Then saddam spent all his reserves in the 1980s fighting a war with Iran They lost that ability to pay Their credit rating was Lost Now things are different They should be able to do as they please soon Wait for their new official credit ratings to be published globally by the bis bank of international settlements This will be the new beginning for Iraq Right now they only have an unofficial credit rating 2 Link to comment Share on other sites More sharing options...
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