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kittycat

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    TEXAS
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    RV'ing!

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  1. This was NOT approved by the House or the Senante - because it was an EXECUTIVE ORDER - signed by the President only. HE BY-PASSES CONGRESS TO DO WHATEVER HE WANTS TO DO!!!
  2. I came across this article tonight on the internet so here is the link I know everyone will ask for.....I hope it works: http://www.foxbusiness.com/markets/2012/02/22/iraqs-dinar-still-stuck-in-wild-west-currencies/ While most investors realize Iraq is still a dangerous place to travel to, they may not fully grasp the financial risks tied to trading in the nation’s currency, the dinar. Worried about the dinar’s illiquidity, the threat of currency fraud and still-unstable situation in Iraq, Wells Fargo (WFC: 30.59, -0.37, -1.20%) issued a warning this week urging investors to steer clear of the currency. “Considering that Iraq remains a dangerous place with an uncertain future, we strongly advise investors against taking the risk of buying Iraqi dinar as an investment,” Paul Christopher, chief international investment strategist at Wells Fargo Advisors, wrote in a note in response to investor curiosity about the currency. Introduced as Iraq’s new currency in 2004 after the fall of Saddam Hussein’s regime, the dinar, which recently traded at about 1,165 dinar per U.S. dollar, is still only available in paper form because most U.S. banks decline to deal it. That means the dinar is still very much a part of the Wild West of the currency world, an area most investors should probably avoid funneling money to. Yet investors are clearly curious about the dinar, largely because of yet-to-be-realized hopes that the Iraqi Central Bank will devalue the currency by resetting its exchange rate at a more favorable value. They point to similar economic rebounds and currency revaluations in West Germany after World War II and in Kuwait after Saddam’s 1991 invasion. Yet Christopher spells out four main risks to buying into the dinar now: the threat of future violence in Iraq, illiquidity, risk of fraud and historical precedent. While Iraq has clearly made great political strides in recent years, the political unity between Iraq's three competing ethnic groups remains extremely fragile. Plus, foreign influence, especially from that of Iran, threatens to further inflame political tensions. “Iraq’s post-war experience shows much stronger ethnic divisions than was the case in Germany or Kuwait, prior to their currency revaluation,” Christopher wrote. “While the economy grapples with violence, the prospect of a currency revaluation seems remote.” But even if the political and violence situations didn’t cast a pall over the dinar, the illiquid nature of the currency makes investment impractical. Because few of the world’s banks outside the Middle East work with Iraqi banks, most investors are forced to buy actual physical dinar banknotes (rather than the electronic form of the currency like a euro investor would). Dealers in banknotes charge customers for the cost of shipping, handling and buying/selling the dinar in a wholesale market, Christopher said. “The costs for buying or selling the dinar may absorb most or even all of an investor’s return,” Christopher said. Without any banks to work with, investors in the Iraqi dinar are often forced to work with Internet trading companies and potentially shady dinar dealers that aren’t closely regulated by the U.S. government. That leaves investors open to the risk of fraud. Christopher pointed to the fact that the Iraqi dinar trade ranked No. 6 on the Utah Department of Commerce’s list of top 10 frauds of 2006. “We suggest many [currency] recommendations that we believe have much less liquidity, fraud and principal risk,” Christopher said. Read more: http://www.foxbusiness.com/markets/2012/02/22/iraqs-dinar-still-stuck-in-wild-west-currencies/#ixzz1nAz4hoDZ
  3. Given the numbers in both sets are virtually the same........I think it is a typo!!
  4. ?????BEHIND the glass??????? I can't imagine that!!!!!!!!!!!!!!!!
  5. Why is that?? Dont you remember the parable of the gold coins - Jesus gave 1 coin to each of 3 people: the 1st man buried it and later returned it to Jesus...... and was condemned. One man put the gold coin in the bank and grew interest, while the other gained by trading in the market place - to these men, Jesus said "Well done, good servants! (major paraphrasing here - there is more to the parable than I put, but you get the idea) God wants us to be good stewards over our money, grow it and use it to do good things.
  6. Not only city workers, but professionals from many disciplines must undergo drug testing as well as finger printing and back ground checks. There is ABSOLUTELY NO REASON why those receiving our tax dollars for support should not have to go through the same types of screening to qualify for aid.......NO REASON AT ALL!!!!!!!!!!!!
  7. How many times do people have to be told........"when looking at a currency converter - you put the currency that you have first, then the currency you want to convert it to second". In our dinar case it will be like this: 1 IQD = ?? USD NOT: 1 USD = ?? IQD
  8. [kaperoni] That is all from my Arabic translator. But clearly we can see were close,.. Where does it say "clearly we can see that we are close??????? IT DOESN'T!!!!!!
  9. How many times do people have to be told.............. you convert 1 IQD to USD...............not the other way around!!!!!!!!
  10. kittycat

    Scooter Post

    I wish this would "teach our representatives a lesson"....but they seem to hear what they want and believe what they want when it comes to listening to what "the people have to say". They are gonna do what they want! They are all a bunch of A holes!
  11. This is absolutely the scariest and worst President this country has ever seen!
  12. That sounds like a very important step in this process........ Thanks for the post!
  13. I don't know what to make of this.........
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