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Seriously why do you even post or come on to chat anymore. OK so you were wrong about the 2nd, of Nov. Boo Hoo, big deal get over it. You used to be such a nice person and I looked forward to your information on the dinar. Now it's to the point I click ignore on your name whenever I see you in chat because you offer absolutely nothing but negative remarks. Yea yea yea I can here you say I'm just keeping it real. What a bunch of crap. The only thing real you are keeping is a whiney attitude. Grow up and get a pair. We don't need rumors about what is going on we have the facts. More progress has been made in the last 2 weeks than has been made in 8 months. This is moving forward and moving fast. I guarantee I'm not the only person who is sick of your cry baby antics.

FACT, I AM ON THREE CORPORATE BOARDS AND HAVE FOUNDED AND BEEN CEO OF THREE OTHERS AND I AM NOW A SENIOR CITIZEN AND I AM GOING TO MAKE A STATEMENT HERE THAT YOU GUY CAN JUST BASH AWAY. THERE ARE NOT A HALF DOZEN PEOPLE ON ALL THESE SITE PUT TOGETHER THAT I WOULD HAVE IN MY COMPANY. I WOULD HAVE A FIRING FRENZY. I HAVE NEVER HEARD SO MANY CRYBABIES INVOLVED IN ONE SIMPLE INVESTMENT IN MY LIFE. ZERO FAITH AND THEY HAVE ZERO KNOWLEGE AND NONE OF THEM WILLING TO DO THEIR OWN HOMEWORK BUT THEY CAN SURE BASH ANYONE WHO DOESN'T PERFORM TO THE LETTER OF THE LAW NO MATTER HOW SIMPLE OF A MISTAKE OR STATEMENT THEY MAKE ABOUT INTEL THEY HAVE TO WORK WITH. they mouth constantly but buddy they don't have anything positive to add. WHY THEY ARE JUST TO LAZY TO STUDY ON DO FOR THEMSELVES. I AM TIRED OF READING THE LOW LIFE OPINIONS OF PEOPLE WHO HAVE NOT AND WILL NOT EVER SUCCEED AT ANYTHING ON THEIR OWN. I PRAY THEY GET BLESSED IN SPITE OF THEMSELVE'S BECAUSE THEY WOULD NEVER GET IT ANY OTHER WAY. MAKE A INVESTMENT OF A LIFETIME THEN BAD MOUTH THE VERY INVESTMENT AND ALL INVOLVED. NOW THAT REAL SMART. NOW YOU GOT SOMETHING TO BE MAD AT SO JUST HAVE AT IT. Rev Dan

[b]I listened to part of the CC last night and IMO Okie seems to know what he is talking about for the most part... I agree with some things and disagree with others... Here is his latest update I just found so take it for what it's worth. GOOD NEWS–BAD NEWS–OR JUST SOMETHING TO CONTEMPLATE?? I WAS INFORMED THIS MORNING THAT THE I M F AND THE G O I HAD A DIFFERENCE OF OPINION WHEN THEY MET FRIDAY. THERE WAS A LOT OF FRENZY AND ANTICIPATION LAST NIGHT ON THE CONFERENCE CALL–BUT AS PAUL HARVEY USED TO SAY–NOW THE REST OF THE STORY. THERE ARE TWO OR POSSIBLY MORE SCENARIOS REGARDING THE MEETING FRIDAY. THERE ARE DIFFERENCES IN OPINION AS TO WHETHER OR NOT TO COME OUT WITH A HIGHER RATE OR ONE OF MORE SUSTAINABILITY. (SEEMS IRRELEVANT AS IRAQ CAN SUPPORT A HIGH RATE) IN ANY EVENT THE ISSUE SEEMS TO BE IN PLAY PRESENTLY (NOT A PROLONGED DELAY). IF THEY CHOOSE THE LOWER RATE, THE OUTSIDE INVESTORS CAN COME IN AND LITTERALY–BUY UP THE COUNTRY SO TO SPEAK. BUT IF THEY CHOOSE THE HIGHER RATE, THAT WILL START AN INVESTMENT FROM FOREIGN COMPANIES AND THAT IS WHAT HAS BEEN STATED THAT WOULD BE MORE ADVANTAGEOUS TO IRAQ. IT APPEARS THE M O F AND THE C B I WOULD PREFER THE HIGHER RATE AS TO EXPEDITE THE INFRA-STRUCTURE INVESTMENT BUT THE I M F SEEMINGLY WANTS A MORE CONSERVATIVE RATE—THAT IS WHERE THE GAME OF I’VE GOT A DEAL IS COMING INTO PLAY. IF YOU NOTICE THE INTERNATIONAL NEWS MEDIA THAT WAS INVITED TODAY TO IRAQ WITH THE UNDERSTANDING SOMETHING OF MAJOR CONSQUENCE WAS TO BE ANNOUNCED, HAS NOT REPORTED ANYTHING YET. THE PARLIAMENT IS IN SESSION NOW–STILL NO ANNOUNCEMENT (OFFICIALLY) OF A GOVERMENT BEING FORMED. IF THERE’S NO CHANGE IN THE RATE OF EXCHANGE ON THE FOREX TODAY, THAT WILL INDICATE THERE ARE STILL THINGS BEING DISCUSSED (OR CUSSED) THAT WOULD INDICATE THERE ARE STILL A FEW MORE DAYS (HOPEFULLY) FOR THEM TO GET ALL NECESSARY ITEMS ON THEIR AGENDA SOLIDIFIED. REMEMBER THIS–THE NEW 2011 BUDGET IS TO TAKE EFFECT ON DEC 1 2010 (WHICH WILL INDICATE THE RATE ) AND THEY WILL BE OUT OF CONSTITUTIONAL COMPLIANCE. I M H O THIS HAS TO BE COMPLETED BY DEC 1–THEY HAVE NO CHOICE AND ARE NOW OPERATING UNDER SUPREME COUNCIL MANDATED TIME CONSTRAINTS. HOPEFULLY THE NEWS MEDIA THAT IS NOW WAITING FOR A MAJOR ANNNOUNCEMENT AND WON’T HAVE TO WAIT MUCH LONGER—I M H O. [/b]

Everything that I read from you is all negitive. WHY ARE YOU EVEN HERE! GO BOTHER ANOTHER SITE!

Hey chill out and think about the positives....it is human nature to think the worst is happening when that is usually not the case. There have been many advancements in IRAQ that will ultimately play a role in the RV. Right now many are pissed off at the political process in IRAQ as it relates to our investment and not to be forgotten the IRAQI PEOPLE. Just look at the mess our political process has created for the US. All I'm saying is don't take it out on each other.Fact is we have good people on here who sometimes get bad intel....should they wait to confirm it then it will be posted under the news forum. I for one like would per fur these individuals to share what they know on the outside chance it may be of use to me ahead of time. Keep digging friends,keep moving forward don't get neg. or stop posting. Let finish this damn thing together with respect and appreciation for one another. SO STAY FROSTY AND LETS KEEP PLOWING THE ROAD.................RV BABY.....RV

2010 is not over yet, we've got a lot of impatient new folks on here which has been severely distressing to all the forums, and I personally attribute that to Facebook and the website owners who have made themselves known on there, and now this is starting to spread like wildfire. We all know the facts, we all see exactly what is happening, so what if the announcement is not until Thursday? M still has 15 to 30 days to make the announcement, I'm pretty sure there are many backdoor deals that have transpired and those in the know are the only ones who know. We are not privy to much of what goes on there at the higher political levels, some may have contacts in regards to it, but that doesn't mean that what they say will happen due to the fact that' IT'S IRAQ folks!!!! That would be our Christmas day should he go the full 30 days, he has already stated publicly that he would make it the fastest seating ever in their govt. course that doesn't mean a whole lot since it's the first democratic govt. they've ever had...lol. Course it will be the fastest...lol It'll happen when it happens, people are living their lives based on this happening tomorrow EVERYDAY, because of some irresponsible people who post dates and rates continuously and have for quite some time. The complexity of what is transpiring in this country is history in the making, pay attention to it, virtually everything is in place, more happens on a daily basis, the representatives will be in meetings all this week, sit back, watch, wait and learn. We all know it's going to happen. They will not blow off the contracts and take on trillions of debt, I won't believe that for a minute, they are not that ignorant. What they do they do for a reason, and I'm pretty sure they do it while already having worked out the details before hand. WE know the UN and the IMF have made idle threats before, the pressure is still on, don't be blinded into thinking it's not. Worldwide Pressure at that. If they don't do it by the end of 2010, it's on them........I don't see that happening. They've already made themselves look quite irresponsible and immature in many of their actions already, I do believe they are getting the jist of "THE WORLD IS WATCHING" Just my opinion.....stay strong folks. V

Be still. Take your emotion out of this. They are sitting on multiple TRILLIONS in natural resources and they know it. They are also being courted right now by the world, and they know it. TONS of activity happening in Iraq currently. Its a HOTBED. And they know it. There is A LOT at stake for all of them (the factions) and NONE of them wants to get kicked out of the party. They just want to make sure each one is equally represented and no one takes advantage of the power vacuum,. They are naturally skeptical since they had a Totalitarian state for 30 years. They will figure this out because in the end they ALL realize it benefits ALL of them. And when they do come to grips with all of this....then we "lucky little ones" will also benefit. This is about them and their future and their children's and children's children's future. This is a LEGACY MOMENT and none of the factions wants to screw it up. It will happen in the way its supposed to happen on its own timetable. This whole thing is really amazing when you think about it it and the fact that we can even get invited to the party in our own small way is just...well...hopefully a blessing REALIZED.

puppybreath: What a great day to get a govt. formed! lol Med: NOT TODAY LOL WELL FOR MALIKI BE CAREFUL OF WHAT YOU WISH FOR butterfly: http://www.dinarspeculator.com/showt...e-deputies-and LOVE this article! lol oh, hey med! sorry Med: OUTSTANDING BF FINALLY butterfly: that was annie Med: SOMEONE WITH BRASS BALLS AND ALSO I LIKE THE IMF FINALLY SAYING PROMISES ARE NOT ENOUGH ANYMORE IRAQ IS GREAT ON PROMISES BUT YOU CAN'T JUST TALK THE TALK AND MALIKI IS IN TROUBLE HE PUT TOGOTHER A SHIITE FACTION THAT WAS SHAKY AT BEST PROMISED EVERY BLOC THE WORLD AND HIS BLOC IS NOT LARGE IN COMPARISON TO ALL THOSE HE MADE PROMISES TOO FOR SURE NOW THEY ALL HAVE HIM BY THE SHORT HAIR AND IF HE CANT PUT A LID ON HIS NATIONAL ALLIANCE MP'S FROM SPEAKING TO THE MEDIA IT WILL DO NOTHING BUT CREATE MORE PROBLEMS butterfly: ok i got a question now.... Med: YES butterfly: has maliki been officially given the nod yet or not? Med: NO butterfly: cuz this article says he will be on the day before the 14 days is up http://www.dinarspeculator.com/showt...m-a-government Med: YES THAT IS TRUE butterfly: wth are they waitin for????? Med: NEGOTIATIONS butterfly: good golly miss molly lol what negotiations tho? this is only to allow him to form Med: MINISTRY butterfly: then he has 20 days 30 days i mean Med: NO YES REMEMBER ACCORDING TO THE CONSTITUTION THE POR HAS 14 DAYS TO CALL TO FORM butterfly: 15 dyas to nominiate then 30 days to form yeah Med: YES OK DUH butterfly: so why wait to nominate? Med: BECAUSE butterfly: they already knew it was gonna go to him thats why he said it at the last session Med: HE IS ALLOWING EXTRA TIME TO SEE IF IT WILL HELP butterfly: good lord Mountainman: Maliki will have 30 days from Nov 25th to Dec 25th to form govt butterfly: yes cookie MED: YES MM CORRECT butterfly: but all the other articles were sayin he was given the nod back on the 11th and had to form iwthin 30 days now all that is incorrect just sayin i am not whining Med: NO HE WAS NOT THEY DELAYED IT butterfly: i am makin sure its all clear since they got goofy again dinarsformeandhim: i was thinking like u butterfly Med: THAT WAS UNOFFICIAL butterfly: i know med, but i was goin by the articles thats all MED: AND NOW AGAIN SOME IDIOT IN THE NATIONAL ALLIANCE IS SAYING WE DON'T NEED PARLIAMENT butterfly: they were saying he had 30 days from then so that was my time line lol Med: OR THE POR TO CALL BS THEY AGAIN ARE TRYING TO CIRCUMVENT THE CONSTITUTION WHICH IS NOT GOING TO WORK THIS TIME MALIKI IS AS I SAID IN A BIND HE WANTS TO CLAIM MANY MINISTRIES WITH ONLY 89 SEATS FORGETTING THAT THE KURDS AND THE LIST HAVE 57 AND 91 AND THE SADRISTS 40 AND THEN YOU HAVE THE ISLAMIC COUNSEL AND VIRTUE PARTIES IN THE INA ALONG WITH THE SADRISTS ALL WHO DID NOT WANT MALIKI IN IN THE FIRST PLACE SO NOW YOU HAVE 226 SEATS AGAINST 89 WHO DO YOU THINK IS GONNA GET THE MOST SHARE OF MINISTRY SEATS AND THE SFC WILL NOT BE ABLE TO HELP HIM ON THIS ONE YES THEY GAVE HIM THE LARGEST BLOC JARV: he might loose his chance to form if he is not careful Med: AND DELAYED THE RULING ON THE UNCONSTITUTIONALITY OF THE DELAY OF PARLIAMENT BUT THEY CAN'T SAY WHO HAS TO VOTE FOR HIS GOVT IN PARLIAMENT AS I SAID I FELT THAT ALLAWI DECIDED TO LET THE CHIPS FALL WITH MALIKI AND IF HE CAN'T GET IT DONE IN 30 DAYS WITHOUT GIVING AWAY EVERYTHING THEN IT WILL GO TO ALLAWI AND HE THEN WOULD HAVE 14 DAYS TO FORM RIGHT NOW MALIKI DOES NOT CONTROL HIS OWN DESTINY THAT IS A FACT IT IS IN THOSE 226 OTHER MP'S AND THEIR BLOCS ONE THING ALSO GANG PLEASE STOP BEING AFRAID TO ASK DINAR RELATED ?'S IN THIS CHAT FROM NOW ON I REFUSE TO ANSWER THEM PRIVATELY SO DON'T ASK ANYMORE THE ANSWERS I GIVE 402raptor: if it goes to A he can form in 3 days correct? Med: BELONG TO ALL MEMBERS HE SAID ONE WEEK RAPTOR HE CAN BUT IS IT GRANDIOSE TALK OR NOT WITH ONLY A 14 DAY WINDOW HE WOULD HAVE TOO WEJ: Do you not what their constitution provides for if both Maliki and Allawi bothh can not create a government in the stated time periods cbal: So MED are we still looking for a RV this year? or will it go to 2011? Brownbaby: cbal Med: YES ANOTHER IT DOES WEJ Brownbaby: that is not something he will know for sure Med: TY BB STOP WORRYING IT WILL BE DONE NO MATTER Peek: Can they freeze all pay to officials until the formation of the government? Med: WE ARE AT THE MERCY OF THIS PROCESS PEEK DON'T COUNT ON IT IN 8 MONTHS OF NOT WORKING DID THEY FREEZE ANYTHING AND REMEMBER THIS IS PART OF THE PROCESS SO THEY ARE REALLY DOING NOTHING WRONG IT WAS ALL THE MONTHS BEFORE THAT THEY ILLEGALLY DIDN'T WORK THAT THEY SHOULD HAVE HAD THEIR PAY TAKEN AWAY BECAUSE LEGALLY THEY WERE NOT MEMBERS OF PARLIAMENT ANYMORE AFTER THE 30 DAY STIP IN THE CONST. NOW ALL CONCESSIONS WILL HAVE TO BE GIVEN BY THE NATIONAL ALLIANCE needrv: they got paid for doing absolutely nothing, but takeing a vacation Med: YES NEEDRV JUST TO LET MALIKI BE PM AND IF HE IS TOO AROGANT TO UNDERSTAND THAT HE WILL NOT BE PM DOES ANYONE HONESTLY THINK THAT ALLAWI IS GOING TO CONCEDE TO MALIKI SO HE CAN FORM IN 30 DAYS OR LESS NOT GOING TO HAPPEN IF MALIKI WANTS THOSE 91 SEATS THEN HE WILL HAVE TO BUY THEM WITH MINISTRY POSITIONS busman: i can't beleive it has gone this far Med: AND HE WILL HAVE TO IMPLIMENT EVERY ONE OF THE 19 ISSUES FOR THE KURDS GAU-8: they need to be spread ministries thru out just to control Maliki's corrupt nature Med: YES THEY DO KO15: and the clock is officially ticking... Med: NOT TILL THURSDAY KO15 I THINK OR MY BEST GUESS IS THAT TALIBANI SAW THIS COMING AND IS GIVING THE MOST HE CAN TO SEE IF SOME ISSUES CAN BE RESOLVED IN THE NEX 4 DAYS TO SOFTEN THINGS UP BUT IT WILL COME DOWN TO THE IRAQI LIST AGAIN WILL THEY BE HAPPY MALIKI IS ONLY ALLOWED TWO MINISTRY POSITIONS ACCORDING TO THE CONSTITUTION THAT HE CAN APPOINT ON HIS OWN AND THEY ARE NOT THE MOST COVETED GOING TO CHELLES FOR THE DAY LATER GANG HAVE FUN

Well said Buckwheat....not of fan of naysayers and negativity!! His prediction doesn't come true so he jumps on the boo hoo bandwagon---he needs to get a life and find another site. As a vet flying numerous combat missions over Iraq, I can't stand people have no intestinal fortitude and look at things as a "glass half empty" when things don't go their way! People need to realize, nothing negative is happening out there as far as Iraq's parliament is concerned and their timeline. This a war torn country and look how far they came in the last month as far as a Gov't formation a proposal for a 2011 budget that is on the cusp of approval! A positive outlook goes a long way!!

I pulled this off another site. Sorry if it has been posted before. Seeker Email: DDT 11/20/10 NOVEMBER 20TH, 2010 04:50 PM · POSTED IN CHATS / POSTS I wanted to give you my theory on what I believe will happen with the RV . Please understand this theory is based on my knowledge of the Arabic Culture, specifically their pride & dignity which dates back thousands of years. It is also based on the center point of the RV event. Dr. Sinan Al Shabibi The rate will come out at a nominal level say 3+ and below the Kuwaiti dinar and it will be locked in IMO. There is no need to involve the Forex market to drive the value in any direction (why would they? ) Dr. Shabibi has proven to the IMF, the World Bank, the UN and all other players that he can tightly manage his currency and maintain a consistent value over time, hence the 1,170 rate for over 2 years now. Allowing the dinar to ‘float’ in the Forex market will be costly to Iraq no matter what direction it goes. Eliminating the Forex market, Broker Houses and so-called ‘whales’ from the ‘playing field’ and locking the rate upon RV gives the Iraqi’s a much more precise figure of ‘payout value’ and eliminates the need to RV undervalued and force a time limit on large notes with additional RV plans at a later date. Globally, private holders of dinar (you & I) are minuscule, literally irrelevant to the grand scheme of things and I believe the GOI has no need or purpose in undervaluing its currency at RV just to get less than 1% of it’s ’3 zero’s’ retrieved from us. Iraqi’s are a very Proud and dignified people, they are Babylonians! and they are astutely aware of their value and place in both the past and present Global Society. They will not (IMO) allow the value of their currency to be lower than that of any Western currency, especially when there country will only increase in value and capabilities as time goes on. However by this same philosophy, all Middle Eastern currencies are virtually locked into their present rates with only pre-planned adjustments taking place. A good example is the Kuwaiti dinar which just recently experienced a slight increase in increase in value. What triggered this increase? Newly found Oil & Gas deposits, Increase in Gold-Silver holdings? No (IMO) it was a prelude to the RV of the Iraqi dinar and perhaps a result of the agreement with Iraq regarding Oil & Gas reserves resting on the Border between the two countries. How do we judge the timing of the Iraqi RV event? No one really can but there are certain things to look for that will push the RV into plain view. 1st total resolve of all outstanding issues with Kuwait 2nd acceptance by all neighboring countries that any unresolved issues are addressed. 3rd an official, seated and working GOI based on full participation of all coalitions, creating a unified, National front. The completion of these three items are critical to the implementation of the RV . They can all happen as soon as tomorrow or they can take some time depending on where all the parties involved ‘truly’ stand at this point in time. There is one other potential scenario that could possibly play out and that is if the RV is directly tied into the 2011 budget and cannot be released until the budget is operational then the RV would take place early in January 2011. Iraq’s fiscal years begins and ends with the calendar year and is not similar to the US. IMO Iraq has the funds necessary to RV its currency in 2010 and has no need to wait unless it is legislatively tied into next years budget, then by law they would have to wait/ I hope my synopsis is of value to you all and please remember this is strictly my opinion only. I still reserve the right to be wrong

Poor baby. Officer151 you break my heart...does "yellow make you sad?" http://www.youtube.com/watch?v=JhlWddAXSRA&feature=related

You said it would RV a couple weeks ago. You didn't know then and you don't know now.

Hey officer151...why don't you do this?

Currency Auctions Announcement No. (1778) The latest daily currency auction was held in the Central Bank of Iraq on the 21-NOV-2010. The results were as follows: DetailsNotesNumber of banks5 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)44,259,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)44,259,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Spot Oil not reporting yet ... as of the 19th ~$82.37 Spot Gold not reporting yet ... as of the 19th $1354.10 Zero Cash Days 29 straight Today's auction was apparently the first after Eid al-Adha ... volume was curiously low ... about 1/3 of normal volume ... with only 5 of the 19 banks participating. After a long holiday both the number of participants and the volume would seem counter-intuitive. We will have to wait until tomorrow to see what happens. I know that many are disappointed by the apparent delay reported in the news. If I were you I'd just relax ... to date it's been a long ride ... but we know that what they are supposed to do and when they do it are two different things ... and as Frank26 tells you ... DON'T LISTEN TO ANY OF THE GOI (driven, tainted, controlled) NEWS ... because it isn't news at all ... but self serving drivel. In other words ... what they are presently telling us is meaningless. I will tell you this ... my group and I are pro-active ... we already have money to buy again this week (and we have at least once every week for over a year) ... if they drag this out ... we will buy and continue to buy until that day that we can't afford to buy any longer (RI/RV) ... THEN we sell and/or exchange! Chin up ... Go RI/RV!!! Peace Doc31

Investing 101 - "Take all emotions out of any ivestment" - That goes for stocks, buying a house or anything you would consider purchasing in the hope it will increase in value. If you don't - you will lose. You will not only lose any monetary investment you wil lose emotionally. Emotionally, it will effect you and those around you. My thougts on RV & New Government (which could be a problem since I've never been accused of being a Thinker) * Too many countries have too much invested in that sand trap for a representative government not be formed. A government that is not open to pro-international business is not acceptable to the US, UK, China, Germany, France, etc, etc... * If Constitutional time runs out on M, T & A and there's a new election; I can't see the Iraqi people having anything to do with those guys in a second election. Their chance to be the "Founding Fathers" of a new Iraq are gone forever. MTA's legacy will be that of destroying "what could have been". Forget our investment in the dinar - I hate to see what happens to that place if they run out of Constitutional time. * We as individual investors are insignificant (at best) in any decisions made or being considered by Iraq, other countries and multi-national companies involved in rebuilding Iraq. If anyone thinks they care how much we make or lose in this investment is purely Mental Masturbation - Get over yourselves. * I do have a concern somewhere in the far corners of my mind that MTA and the other elected MP's don't have the intellectual capacity to see how much of a difference their decisions make in Iraq and it's future. If for 30 years you've never had to make a decision in regard to running a government then you are probably not going to be very good at it. We are wittnessing this daily on the DV site. What seems to be common sense to us in the formation of the government is completely foreign to these guys. The faith in my investment is that outside influences will not allow them to fail. So, that's my 2 cents for today. Take emotion out of your investment or do yourself a favor and get out of it. Otherwise, sit back and watch history being made. What happens could have (good or bad) repurcussions on our future, our kids future an the world. Between now and December 25th may tell. I hope everyone has a wonderful Thanksgiving holiday with family and friends. They're really the only investment that matters in the big picture. I hope by next Thanksgiving this thing RV's so I can "materially" show them how much they matter. There's a lot of college expenses and other debts I'd like to take off some of their plates!!

There are so many opposing opinions on the dates and rates... from Mondays to Sundays and Wednesdays to Fridays... So much dissension from people crucifying those that say "we are still months or years away"... Do you realize that even months away is still positive???? Months away is just an opinion... but still a positive one! It's not like they are saying it's never going to happen... The bottom line is "IT HAS TO HAPPEN" Nobody knows the hour or day... we just know it's upon us... You realize Vegas is one of the only places in the country you can pull up in a 100k dollar car and leave in a million dollar bus... Seems the house wins 99.9% of the time. This investment, although, speculative... is almost fool proof. And the best part about it is that you can always sell your Dinar back to a dealer minus a spread and you're almost whole again. So when somebody says months or years away... it's still imminent... And really... what have you really got to lose... Let me close with this... always find the positive within all the negative... and hope will always conquer!

keepmwlknfny, on 21 November 2010 - 08:09 AM, said: Yes your right he is asking Maliki to form the govt on the 25th.....he could very well already know who is going to be chosen for what position but we will have to see......we are still weeks if not a couple months away from any chance of a RV....... Read more: Thank You! and well said and I agree 100%

I just received a very short e-mail from Steve I sent from his cell phone. Steve followed this up with a very short phone call saying that he would send me another e-mail with a couple of paragraphs of his thoughts. I will add this to this thread. You may have read another thread here where a moderator on another forum (also named Steve), said that we are basicallly in a QUIET PERIOD right now. Please do NOT confuse the two Steves. I would not expect much new news from our SteveI, zzzzzzzzz or any of the others in that group who had promised another conference call or round table audio. Things are always changing in Iraq, and we have learned over the last few weeks that sometimes there is valid reason for the changes or delays. Another thought: The 15-day period after Nov 11 falls on Nov 26 which is the date that had been stated for making a new holiday in Iraq. We all hope we will have news before that date. Let's do our best to be patient throughout this week. In the meantime, stay in the spirit of Thanksgiving, our holiday here in the United States. And as Steve I would say.... "God Bless".

I think it will be announced on the 21st/22ND but will be about the 25 to the 28th before it goes into effect. They will stop selling the Dinar upon the announcement and the dealers will have to account for what they still hold immediately. They where not given a extention from the IMF they may have gotten one from the courts in country but the IMF told them NO MORE EXTENTIONS.WE AR THERE FINALLY,Rev Dan YOU CAN POST THIS IF YOU LIKE I AM JUST TOO BUSY TODAY In a message dated 11/20/2010 11:01:01 A.M. Central Standard Time,

Let me get this straight . . . . We're going to be "gifted" with a health care plan we are forced to purchase and fined if we don't, Which purportedly covers at least ten million more people, without adding a single new doctor, but provides for 16,000 new IRS agents, written by a committee whose chairman says he doesn't understand it, passed by a Congress that didn't read it but exempted themselves from it, and signed by a President who smokes, with funding administered by a treasury chief who didn't pay his taxes, for which we'll be taxed for four years before any benefits take effect, by a government which has already bankrupted Social Security and Medicare, all to be overseen by a surgeon general who is obese, and financed by a country that's broke!!!!! 'What the heck could possibly go wrong?'

Keepm is absolutely correct. They've made it abundantly clear by now that they are in no hurry to do ANYTHING. The fact that Talabani has not yet even "charged" Maliki to make the attempt to form a government more than 10 days after the first parliament meeting makes that fact blatantly obvious. It's quite possible that Maliki has already made his decisions as to what individuals he wants to appoint to which ministries, but he has a full 30 days to do so if he wishes, (after receiving the charge from Talabani) and remember, all of this still has to be approved by a parliamentary majority. Forming the government could happen fairly quickly, or it could take a while. At any rate, it won't likely be today or tomorrow. It's not fair to become evil when people tell you things you don't necessarily want to hear. It happens to be the reality of this situation. The only thing we know with any "certainty" at this point is that the "rumors" are never accurate......proven over and over again.....this weekend being yet another painful example.

Wink The process of deletion of zeros from the currency is an important step November 21 2010 Karbala - morning Between academic and an economist at the University of Karbala, said that the process of deleting three zeros from the Iraqi currency will lead to currency appreciation and to increase the purchasing power of citizens, pointing to the need to pursue policies to persuade people to calm and get used to it for a period not exceeding two years. The Dean of the Faculty of Management and Economics at the University of Karbala governor Dr. Mohsen's (morning): The deletion of three zeroes from the Iraqi currency, which intends to apply the Central Bank of Iraq became a target and a national demand as a benefit of the Iraqi economy. He added: Iraqi currency must be stabilized and take its place with the power of the Iraqi economy and increased oil imports and this requires the disposal of the cluster of digital circulation in the Iraqi market and that is in itself a problem stands in the development of the Iraqi economy "pointing out that the zeros that are added to the Iraqi currency to meet the economic blockade formed block cash exceeded 27 trillion Iraqi dinars, and this is what led to rising prices and confuse the business dealings and operations of banks and increase the capacity for fraud .. pointing out that the central bank's move is a step towards the correct solution of the Iraqi currency and the Iraqi dinar .. He pointed out that this plan needed to follow the policies of quiet to persuade citizens to deal with, in the spirit of civilization, noting that the first steps is to issue two classes of currency and one paper of a class of one and the second category of a thousand dinars in order to instil confidence among citizens and enable it to deal with the new currency, but not more than this step for the year or two .. He explained that the citizen has to know that the deletion of zeros would have been useful and beneficial because it will carry papers, reviews are few and raise the value of the currency and increase purchasing power and restore confidence in Iraqi dinars, as well as make a quantum leap in the Iraqi economy and operation of the economic resources to the agricultural sector, industrial, transport, services and storage and the development of Iraqi staff by following the policy of balanced economic and financial, as will step into an increase in the national currency, especially when traders rather than dealing with foreign currency and this means the power of the Iraqi dinar.

Am i wrong in assuming they are still following their normal procedure? The 15 and 30 day benchmarks are still in play Did we really think they would come in below those marks? That said, it's still possible they can Let it play out 1st We still have 41 days till EOY Nothing we say is going to speed this up Thanks for the post Semper Fi

I bought my dinars five years ago and forgot about them until August, 2010. I started coming on here and got a little excited. I think it is time to forget about my dinars again.

I have consistently believed that the CBI foreign currency reserves would be the key to the RV of the IQD. Please read the thoughts here from Enoch 8. He does not even give consideration to the DFI funds that must be included at a future date. I plan on putting together a post next week that demonstrates how The IQD will become a foreign currency reserve for other countries in the near future. All the best, Lgraham Announced that the Iraqi Central Bank Consultant Dr. Mohammad Saleh said that the appearance of the central bank reserves reached $ 50 billion, and pointed out that this reflects a positive monetary policy for the protection of the Iraqi dinar in the region. Saleh explained in an interview with “Radio Sawa” The reserves amounted to $ 50 billion, which reflected the monetary policy for the protection of the national currency in the region and form a cushion against any internal or external vibrations. Saleh added that the CBI in connection with cash management reform in the coming years, pointing out that the GDP will double, especially in the field of oil and other activities and, therefore, Cluster current monetary and specifications are not commensurate with the stage of prosperity and economic development can. The economists emphasized that the pursuit of a number of European and Arab states to invest in Iraq will support the value of the dinar in the future. LINK ================== Enoch8 Commentary: Putting the new figures together. Part I Even the most hard core lopster out there, could not make a legitimate argument, that .000865 is not based on only 50% of the $43 Billion Reserves claimed previously. ($43 Billion divided by 27 Trillion in circulation, are the earlier publications from both CBI and the IMF is using only about 50% of the value of the reserves to support the Program, Defacto Rate, $.000865. The REER, (Real Estimated Exchange Rate) in IMF Public Information Notice published Feb 10, 2010, reflects 292 vs 1170, which is the DeJure Rate, mentioned also by the IMF, stating that Iraq is using a Defacto Conventional Peg, and has a 2 rate system. The REER as of Dec 2009 shown by the IMF is $.00342, about 200% of the Reserves, that were at that time, $43 Billion. Earlier this year, in March, we talked about the fact that the 2010 budget, approved was based on $62.50 Oil. Now that increase is hitting the books. This year, they are planning a 2011 Budget based on $70 Oil, that is expected to be well over $100 per barrel in 2011. So, here we go again. $50 Billion, In Reserves, will increase even the Program Defacto Rate, at 50%, even in the worst nightmarish argument the most hard core lopster could make, not including removal of much of the 27 Trillion, and even without the additional investments into Iraq, as this article suggests….. and not including doubling the economy….. you can figure the REER to be at the worst possible scenario…… on the world exchange, to be revised to 250 % of the Reserve for the REER Value, because Iraq last month was decreased from 25% Fractional Reserve, in lending requirements, to 20%. So….. here is how that information figures…… plan on about double, that Reserve, at the point of an RV, to a minimum of $100 Billion, based on the projections of doubling the economy,,,(Which is under estimating it by 10 times, in my opinion…), but go with that. 20% Fractional Reserve Requirement means you can multiply that by 5 times, to an estimated $500 Billion as the basis for the REER of the same 27 Trillion. $500 Billion divided by 27 Trillion IQD = $.0185….. which is almost 2 cents…. even without removal of zeros. Seems like we have been here before, haven’t we? LOL Stay with me here. I am nowhere near done running this. OK….. CBI has stated all year long, they plan on removal of the large bills from circulation. They have stated they have only about $7 Trillion in the combined Stock and Quazi Stock….. the M2. That means that about 70% of the zeros are already removed, because they are now in the reserves of other countries and supported by the investments of those countries an converted into Oil, Gold, Natural Gas, Banking Programs and numerous other investments into Iraq, further increasing their Reserves and Increasing the Value of the remaining M2. Here is the preliminary math, before any further removal of IQD, which does not yet include, adding the 5 items listed by the IMF, in page 31 of the most recent addendum to Article XIV SBA, that Non Convertible Currency, Non Mint Precious Metals, Non Liquid assets, IE OIL and Natural Gas,,,, etc, etc, Lending Interest, OFAC Blocked Accounts and Frozen Assets, etc, etc…… Part II Take the same $500 Billion figure we just did in part I, and use the last reported M2…. to get a new figure for the REER that would likely be the IMF Art. VIII rate. $500 Billion divided by 7 Trillion IQD, is just over 7 cents, $.0714 and we still have not removed any more zeros than what is already removed. Remember…. 70% have already been removed. I do not usually endorse F26, but he is partly right about that, just in a different way of saying it. Now…. We are not yet done. Once the IMF places Iraq and CBI back into Article VIII, meaning they have a Convertible Currency, there are estimates all over the ball park, as to how much that is figured in the amount remaining of OFAC Frozen and Blocked assets and Saddam Money and Gold, after the Paris Club is settled with BIS who is the overseer of the settlements with Raafadin and Ramadi along with the other debts, in UN Chap VII. Those figures will add several Hundred Billion to those Reserves, after the debt settlements. Also, the Non Mint Prcious Metals would get added to these figures. Also, however much IQD, the CBI holds in Reserves, will then be convertible and added to that amount. That is several Trillion worth in Dollars value. Currently under Art. XIV SBA they are not allowed to include IQD in the Reserves, because it is not convertible, YET. LOL How funny is that!!! Also….. you could add other futures, treasuries and lending assets to this Reserves amount under Art VIII that are not allowed to be used under Art. XIV agreements. I have no earthly idea, what exactly these amounts might be, but have figured all year, that these Reserves would support just over $1.00 maybe a significant amount more, and without any further removal of IQD, that is not replaced immediately, by the smaller bills. This is in now way a prediction of $1.13….. but is it not true, the Ministry of Planning told us that as a model number 4 years ago? Well that 3 year projection has been over for over a year. Who knows for sure, where that will come out at now? Anything else is unsubstantiated and is 100% speculation. I think we can almost prove conclusively, it is over a Dollar…. sorry but I could not prove any more than that. But I also cannot disprove it either. Do you see it? They can cover just over a dollar right now and the zeros are already removed! Get it ? ~ How cool is this?

Ok I'll take a picture of the book with his signature...It was at Costco on Friday in Sandy Utah....Here is what he said...He smiled and said,..... there ya go....Hopefully that was a positive...I took it as such...They said they didn't allow pictures...but then some people got one anyway. You can figure out what he meant. I was happy that he smiled...and didn't bury his head in a book.... Maybe he was just happy someone believed in Iraq. Who knows. It was really fun! You guys are so ridiculous do you think I care about your little rating system....Go out and do SOMETHING today...lol Get some work done or do something nice for someone....Interpret what I wrote who knows lol

Officer151 I think that this statement above is a little harsh!! Just because something doesn't match a time limit that some have said doesn't mean that their research was wrong or that they are lying or that they just want attention etc....one thing you need to remember is that we are dealing with Iraq here and they play by different rules then we do here in the States. When a researcher finds articles saying XXXX should happen on XXXX date and it doesn't end up happening THAT IS NOT ALWAYS HIS/HER FAULT!! It's most likely Iraq making up and playing by their own rules again!! I for one and VERY THANKFUL to the ones that take time away from their daily lives to research and try and help us all understand this investment!! :tiphat: Just chill out!! Being upset over everything will not make this happen any faster for any of us!! Thanks Bump

Well said Buckweat. Just lately the moaning of supposed grown up men is pathetic. And for the last few days the best feature on this forum has been the ignore button for me. And no, I don't live in a fantasy world, but frankly after all that has gone on this year, it's now time for looking at the much bigger picture instead of the childish, selfish comments of the 'poor me's' on this site. Suffice to say I am very glad that are some with real backbone here which makes the daily visit worthwhile.

Omaha dinar... if your contribution is to call everyone liars and idiots in this forum.... then tell us why you are so smart. So far we know how old you are, where you're from, you know some people, you know your weight measurement of precious metals and you're a cynic. If you own dinar then why?. I happen to be a retired X-Oil & Gas banker with an International Financial Institution from Europe. I am 4 yrs older than you. I understand & been involved in currency swaps and trade transactions. I have first hand experience. I have no advantage over anyone. I enjoy the questions & the knowledge that comes forth in this forum. I do not need to stroke my ego. I listen...I read....I make my decision. I have watched very intently the endless contributions made by many many participants on this site. There is not one "Wizard of Oz" among us. If we lived by anyones' prediction we would all be dead today. But what there is.... only comes with faith. What is transpiring is a new sprout, a new plant, an opportunity for freedom which has come at a cost to our country. There are no guarantees. There is only our faith.

I`m not whining or complaining but I am really starting to get aprehensive and embarrased to even talk to my wife about this ,I`m sure there is a few other people out there feeling the same . I`m not bashing anyones info or accusing anyone of anything however when you here certain info from some of the people on here you can`t help but get excited and talk to your spouse about it just to wake up in the morning feeling like a FOOL again . I`ve been in this for a couple of years so I am NOT new to this investment just starting to feel more like a FOOL for possibly believing something this good could be true . I try to be positive but after this yoyo ride this last couple of weeks I don`t know who to believe anymore . Let`s hope for the best I guess and hope these oxymorons get their POOP together and RI this thing . Again postive vibes just getting harder every day . Have a good day people

The 19 Senators Who Voted To Censor The Internet TechDirt | November 18, 2010 This is hardly a surprise but, this morning (as previously announced), the lame duck Senate Judiciary Committee unanimously voted to move forward with censoring the internet via the COICA bill — despite a bunch of law professors explaining to them how this law is a clear violation of the First Amendment. What’s really amazing is that many of the same Senators have been speaking out against internet censorship in other countries, yet they happily vote to approve it here because it’s seen as a way to make many of their largest campaign contributors happy. There’s very little chance that the bill will actually get passed by the end of the term but, in the meantime, we figured it might be useful to highlight the 19 Senators who voted to censor the internet this morning: •Patrick J. Leahy — Vermont •Herb Kohl — Wisconsin •Jeff Sessions — Alabama •Dianne Feinstein — California •Orrin G. Hatch — Utah •Russ Feingold — Wisconsin •Chuck Grassley — Iowa •Arlen Specter — Pennsylvania •Jon Kyl — Arizona •Chuck Schumer — New York •Lindsey Graham — South Carolina •**** Durbin — Illinois •John Cornyn — Texas •Benjamin L. Cardin — Maryland •Tom Coburn — Oklahoma •Sheldon Whitehouse — Rhode Island •Amy Klobuchar — Minnesota •Al Franken — Minnesota •Chris Coons — Delaware This should be a list of shame. You would think that our own elected officials would understand the First Amendment but, apparently, they have no problem turning the US into one of the small list of authoritarian countries that censors internet content it does not like (in this case, content some of its largest campaign contributors do not like). We already have laws in place to deal with infringing content, so don’t buy the excuse that this law is about stopping infringement. This law takes down entire websites based on the government’s say-so. First Amendment protections make clear that if you are going to stop any specific speech, it has to be extremely specific speech. This law has no such restrictions. It’s really quite unfortunate that these 19 US Senators are the first American politicians to publicly vote in favor of censoring speech in America.

* Iraq Firefighter Rumor: Chase Bank November 20, 2010 10:51 am · This is Iraq Firefighter, My ex just called me saying that she opened an account at chase, and they told her that the IQD is looking good, They are not sure when, but SUNDAY is looking good. they asked her to come in BEFORE she exchanged out, to open up other accounts, so that when the money comes in, the bank will automatically transfer the money to the other accounts, Just take this for what it is. I KNOW WE ARE CLOSE. GO DINAR

Sounds like it was decided upon by Iraq, but the IMF didn't agree with it. Who knows though really. I'm happy with $1 and I'll just let anything above that pleasantly surprise me. GO RV!

This is the RUMOR forum, right? Choose to read the author if you want or don't. Right or wrong, rumors are rumors. Take them for what they are and let's leave the venom to the snakes. Make sense?

Isn't it funny how people panic on something they have no control of...lets use common sense real quick....Talabani has 15 days to announce PM which will be thursday... we already know Maliki will be it....from that point Maliki will have 30 days to form the rest of the GOI....ok...with saying that we know there cant be NO extenzions because thier going by the constitution which states if they go past the timeline then there will be a new election and everybody goes home emtpy handed....so...with knowing that and also knowing that Maliki has been fighting for this position since day 1 and he knows allawi and others are watching his every move just to make him look bad to lose trust from the people of iraq...and knowing he has been working through out the holiday getting his guys rounded up....do you honestly believe he will use a full 30 days? or do you think he will just come out and form the government the same day he is announced so therefore he is locked in and safe..........if you ask me i say maliki has been doing his part the last couple of weeks and thats why allawi is running around crying about things not going his way...so that right there tells you alot...all i can say is shabibi said by the end of 2010 and he meant it....im not reading into this LOP or the negative articles and speculation from the " know it all"....you can own a market company,or be related to someone with high powers and still not know what will happen...but if you look at it like a book with story lines,common sense can tell you whats in store for the next chapter.....in this case, chapter 7 is just a page away with all the pretty little pictures

Your facts, my facts,their facts, His facts, Her facts,our facts............What does it all mean? Over use of this word on this site is incredable. You can't back up a claim, as fact when the source(the media) doesn't understand the word FACT, It's impossible. when you pressure cook all these so called facts down, what do you have left........RUMOR MUSH... nothing you can really sink your teeth into

It will not take me 6 years to realize that 99% of what we hear is for entertainment value only. I have been invested for about three months and to date most of what I have read from the EXPERTS has been wrong. Adam states clearly at the top of the page that some of the posts cannot be taken seriously, yet the masses become crazed over each rumor that circulates. Think logically, do any of us know these people? No, we do not. They are faceless and untouchable....in other words, our days are spent hanging on every word from those we have no way of verifying. I am just as guilty as all of you of getting caught up in the posts that lean more toward a favorable outcome. You know how the wrestling world has good wrestlers that are clean cut and you want them to win? Then, there are the mean wrestlers who you boo and hope they get beat? Same thing folks....I won't name any names, but think about it....."good guys who are on our side" and "bad guys who we don't believe". All I am saying is that Adam himself cautions about the posts and the best thing for all of us to do is trust noone. Read everything you can that would be considered reliable (news articles, documents, etc....) and recognize that this is an investment. It can play out a number of ways and one day will have a conclusion. I would rather have control of my emotions than each day be a roller coaster ride based on the posts of those I don't know anything about. Everyone is entitled to an opinion....this is mine and it has been stated very respectfully and without malice. I pray that one day our investment will have been a good one. Let us all begin to use some common sense though. As I stated earlier, I am as guilty as anyone of jumping on the bandwagon!

Article Date : Saturday November 20 2010 The Article : With its re-parliament today to discuss several issues in the forefront of the formation of parliamentary committees, the President signed the Council of Representatives Osama Nujaifi be the work of the Council during the next term a good and fruitful. Nujaifi and promised that he would “work to change the reality in Iraq for the parliamentary better, through the adoption of the Plan and Programme of Action discreet, to reform the parliamentary work and legislative oversight, and to address the crises that have wracked the country.” Speaker of Parliament said in a statement quoted by news agency Nina: “We have a program for reform and change and deal with crises, and we will be as positive with the executive branch if we see any signs of repair, but we will stand stops are strong if we see a failure and the lack of progress in the government program,” stressing that he will be asked to “committees of the Council Representatives of various monthly reports on the organization of government institutions, according to the terms of reference to reflect the progress or failures in their work, “noting that” this is not the case in the past and had been neglected. “ In another window, confirmed Nujaifi THAT THE PARLIAMENT WAS DETERMINED TO REFORM THE COUNTRY, AND OPEN A NEW RESPECT FOR THE HOMELAND AND THE CITIZENS AND TO REDEEM ALL PARTS OF IRAQ. He stressed during an inspection visit to the area of Adhamiya and the Great Mosque of the Imam on the THE IMPORTANCE OF SPREADING THE CULTURE OF TOLERANCE and dealing with the other, and that the prevailing culture of Iraqi citizenship to all other cultures that are the fragmentation and disunity sons of one homeland. It was the religious authority, Sheikh Qasim al-Tai had invited the Chairman of the House of Representatives TO PRESENT PROJECTS THAT ARE IMPORTANT AND CRUCIAL FOR THE IRAQI PEOPLE TO A REFERENDUM AND NOT MERELY SELF-DETERMINATION BY THE PARLIAMENT. Ta’ee said in a press statement: “There is a disclaimer and clear on the subject see the Iraqi people to some of the projects crucial, and what was the deal with the security agreement with the United States is a guide, since they have so far been a referendum on the Convention despite the inclusion of this matter , “noting that” there are laws and important projects to be presented to the Iraqi people to a referendum, such as oil and gas law, there is nothing wrong to take these projects for a long time in order to obtain the approval and consent of the people about it. “ Tai urged parliament and the president in particular to be an active player in regulatory and legislative work, saying: “We must present to the House of Representatives that does not tolerate failures and important files, which fell on the track of services provided to the Iraqi people, especially the files of administrative corruption.” As part of the work of Parliament as well, said a member of the House of Representatives for the coalition Kurdish blocs Sheikh Fatih Darogaii that the House would set up committees Aldaimip and CHOOSE THE HEADS AND MEMBERS OF THE COMMITTEES DURING ITS SUNDAY (Nov 21), “noting that it is set to” constitute the Board 24 of the Committee permanent. “ Darogaii said in a statement carried by the agency Voices of Iraq into the details of forming the new government will be after the formation of committees. A source in the office of the presidency of the Chamber of Deputies said: " The agenda of the meeting of the Council of Representatives to be held next Sunday (Nov 21), contains a number of issues, MAINLY THE FINANCIAL BUDGET FOR 2011 AND DISCUSSION OF THE NATIONAL COUNCIL FOR THE STRATEGIC POLICIES, as well as important laws that need to be approved." He added that the agenda is fixed and can be changed by deletion and addition at any time before the parliamentary session, and this something that happened repeatedly in the previous parliament, so the table contains a number of paragraphs, but is subject to change. The President of Parliament Osama Abdel-Aziz al-Najafi on Saturday, 13/11 parliamentary adjournment of the meeting to the day. MP for the National Alliance on Alfalh has revealed for the House of Representatives ARE CREATING A LETTER TO PRIME MINISTER-DESIGNATE NURI AL-MALIKI, URGING HIM TO RUSH TO SEND TO SEND THE GENERAL BUDGET OF THE COUNTRY FOR THE YEAR 2011. Alfalh He said, “Maliki told the parliamentary blocs, in its last meeting that there are committees formed to discuss the issue of ministerial portfolios, and these committees will discuss with the names of those who Sitqldon those ministries.” And preparatory meetings for the session of parliament, he Alfalh: “The National Alliance was not held yesterday preparatory meeting for the session because of his celebration of the feast, but there will be a meeting of leaders of blocs and bloc prior to the meeting today to discuss the government formation process and discuss the formation of the Committee by Maliki in his presidency with the negotiating committees” . He Alfalh: “The House of Representatives will continue to work legislation and laws made in the previous session, which will discuss the issue of the budget arrears, which will be a priority for future meetings.” The Alfalh said in an earlier statement that the budget for next year will be better and more comprehensive than the previous budget that have occurred in several debates and reservations of the previous parliament “for political purposes has negatively affected them.” IT IS SAID THAT THE MINISTRY OF FINANCE HAS RECENTLY ANNOUNCED THAT THE INITIAL BUDGET FOR 2011 OF 86 BILLION AND $ 400 MILLION. __________________________________ Link: Found at newshoundsite

This was emailed to me from a friend who is also invested in the dinar. Today I call the IRS to try to get answers directly from the horse's mouth concerning "How the profit derived from the appreciation of the foreign currency I have held over a year, as an individual, when exchanging into U.S. Dollars, here in the USA" should be classified on my tax return. Should the $4,000.00 be "Simply a non-taxable event as a currency exchange, Ordinary income or a long term capital gain?" I called the IRS number per www.IRS.gov: Telephone Assistance for Individuals: Toll-Free, 1-800-829-1040 Agent XXXXXXXXXX listened and sent me to: Capital gains area questions. Agent XXXXXXXXXX listened and sent me to: Ordinary income area questions. Agent XXXXXXXXXX listened and sent me to: Complex issues area questions. Agent XXXXXXXXXX listened and sent me to: Advanced tax law area questions Agent XXXXXXXXXX listened and said: "This is an 'Out of Scope' question and I should seek competent Private Tax help." I than asked if this was the IRS and would this not be the place for the 'Most Competent' tax help? I then was told "They are not trained to answer this question and could not help me" and she was sorry but "Seek competent private ect. etc." When I said "A private person did not make the regulations covering this question nor would they enforce the regulations ... could I please speak to someone that should or could have the correct answer?", I was told I "was at the last area for this type question" and the only answer is .(you guessed it) "Seek competent private etc. etc." I then said " The IRS.gov 'search' doesn't have the answer and you don't have the answer, could I go to the local Phoenix IRS office with this question" and was told "They most likely would contact this area as well ... and would be told the same thing". and you would again be told to "Seek competent private ect ect". I said ... one more question ... "What if the 'Competent private tax help' is wrong?" She then said "Well ... you sign the tax form and that makes you responsible." I started to wonder if I just reached a lazy agent ..... so I tried the call again. The only thing different the second time was I went to the Income area before being sent to the Capital Gains area. I think I'm going to send the same question to John McCain's office in Washing ton and hope it does not get lost. I'll see if they can get a better answer than I can from the IRS. I know the 'Competent private tax' person that prepares the tax form and signs it with me .... but he will not pay the fines and extra tax ect. There seems to be no easy answer .... but I'll keep you all posted. WatchMan Brought this over from last thread. WatchMan, I feel your pain. I tried the same thing but revised my search in the IRS with a start from a good Tax Attorney. He was able to direct me to one of the lawyers responsible for defending the IRS tax code in Federal court. I proceeded with the phone trail from this point and wound up with the man responsible for section 988 of the IRS tax code. At first he said that section 988 did not apply to us (article 3) because he did not realize that I had bought my Dinar as an investment with the intent to profit from an increase. At that point he said that section 988 does apply to us and we will have to pay taxes as ordinary income according to the section of the IRS code he is responsible for defending. Notice that it does not matter how long you have owned the currency according to him. He told me that he was sure of what he was telling me and would be the one to defend that position if necessary. He said he had been doing this for a while and actually wrote some of the legaleze in that code. Now this is the interesting point. The IRS will not help you comply with them but will come down on you like a hammer if they think you have not. Their code is confusing and they know it. The problem for us is that this looks like it could be a capital gains issue and many belive it to be so. I myself would love to pay only 15% but that most likely is not what the reality it. Even if we seek professional help and do our best to comply, we will be subject to the interpretation those who enforce the tax code. You may have a great argument that seems to be in line with the tax code when you file, and if anyone can get away with 15% and keep it that way then that is great for them and I wish them the best. However, the man I spoke wqith could see that claim and with jurisdiction, go after the 15%'s and prove they are subject to section 988 and owe thw difference plus penalties. There will be some people who will be hit hard unless we can get a special ruling or something. I tried to explain this conversation I had with IRS lawyer on another thread here at KTFM and was realy turned off by some of the responses. I don't care what you think you know about the IRS tax code and our investment. The problem is that there are people who are responsible for defending the code and their interpritation unfortunately is what you will be subject to. So, at this point, prepare to pay 35% up front or a whole lot more if you wind up filing wrong due to "Professional Advice". People can believe what they want but I am just reporting the conversation I had with the man who actually is the IRS lawyer responsible for section 988 in Washington. That's the first time I think anybody made sense in going the extra mile in getting info on taxes. I was hopping for just the 15% but all well!! I love the IRS..lol. So if you buy the dinar for investment purposes any gain on exchange is taxed as ordinary income. If you buy it for personal reasons (like travel) then any gain is taxed as a capital gain. Anyone see the irony in this? Go figure.

Here we are another sunday rumor come and gone. If you go through historical posts on this site or any other dinar site, you will find much of the same rhetoric from the past. What amazes me is how they position themselves thinking this time is it. I honestly believe they think that. As a result, they seem to forget all the other times they missed the mark. Think back to the Iraq elections. The claim was the Iraq government was formed. The RV was imminent. The government officials were named but it was not going to be released until the "right time" and bam...the RV would follow. Also I am a bit confused to why Iraq civilians are trading dinar currency 1:1 on the "black market". Here is just one reason I struggle with this said activity. While I do believe that a lot of Iraq citizens still use US dollars, most Iraqi people are very poor just as it was mentioned in the long frank post. What is the advantage of trading the dinar on the market regardless of what it is trading for. Really? I need an answer here....WHY is there a need to be exchanging for lower denominations? WHAT is the advantage? Let's look pre and post RV. Pre RV, civilians have lower denominations. Ok....and what is the advantage of that? I really don't see any advantage to holding a lower denominated note. Post RV, civilians how have lower denominations. Ok, and what is the advantage to that? Again, I don't see any advantage to holding lower notes. In country, post RV, what added value is there for Iraq citizens holding dinar. It is, after all, their common currency. Is anyone willing to debate this issue with me? My initial questions are very simple: 1. If a person in Iraq has dinar, post RV, are they going to cash in the dinar for US Dollars? If so, are you assuming that the dollar value per dinar won't change so what will end up happening is all Iraq civilians will exchange their dinar for US Dollars. If this happens where all dinar is exchanged for US Dollar, it could actually drive the dinar down. I really don't see the Iraq govt allowing the US dollar being used in place of the Dinar. The amount of corruption in Iraq is pretty high so I will give an sliver of possibility Iraqi civilians will try to exchange their dinar for dollars with hopes they will have more buying power within their own borders. If an average Iraq citizen has stored up a bunch of dinar and there is a revalue, the only way I see them having the benefit of wealth, they would exchange their dinar to another currency and move to the country they exchanged the currency to. Without that, an Iraq has a lot of dollars (after exchange) in their home country and they will have to pay for things at the new exchange rate. If you understand what I am saying, you are missing the point of how the dinar value impacts those in Iraq after a RV. Long term effects, import/export are where the Iraq civilians will see change. In conclusion, the idea that new dinar notes are being traded on the black market could be happening but I question the validity of this statement. Furthermore, I question the value added to such a claim. As we come to the conclusion of another rumor we still wait. We wait for the next rumor and the next, etc. One day someone will get it right, but not because they have secret intel or sources, but because they got lucky. And because it finally happened. I will sit patiently on the side and wait. Until then i don't put any stock into any predicted RV from any one. I have been here to long to start to beleive them now. It will happen when it happens. When? tomorrow, nexte week, next month, next year? no one knows that answer.

IowaDinar....what a dang cutie pie.....at least the picture is! LOL....Made me wish I was a lot younger and made me forget about the RV for one quick second! lol

Did he use sign language?? Maybe he said this?

It's a recycled article and Salih is the "chicken little" of Iraq. He yells "lop" and Shabibi has to come out and say, "no, of course not". Salih doesn't even work for the CBI ... he MIGHT be a consultant ... at least that's what he says ... the CBI hasn't said that. No sale ... but thanks for the post!

With out being to bold I honestly believe the saint of Adam Montana was the first to proclaim his CBI contact was but the first to inform the great one. Well all I can add to this without being to rash Were the hell is the proof of this Mr Montana’s CBI source, if he so contacted in the CBI were is the proof to send to Adam????????????????? Just for once perhaps we should all play a game “Call My Bluff”

Are you talking about "Ali Babba and the Forty Thieves?" I sure hope so because I don't think that all the citizens of Iraq are what you have said. They have been through quite a lot and are still trying to survive. You can't place 100% of people in the same category...not in any instance...laws of nature! We could say the same thing about the good old USA, but clearly it would not involve all the citizens of the country. I have seen you post this before. If you clearly believe that, why are you invested in Iraq at all, or are you? I will not comment on this further because I think your character has already been well defined.

DROX, I am sorry but I have been a professional researcher for years and have been researching the dinar and liberated countries for over two years now and really I disagree with your evaluation of the situation in so many ways I won't even attempt to answer the first mistake but I think you need to do a lot more homework on economy and political positioning. THANKS FOR THE POST and your thoughts but I respectfully disagree . Rev Dan

Well once you cash in your dinar then I'm sure you'll look like this , then after the initial shock you'll look like this , then you can walk into your mortgage company looking like , and as you leave and they look like , then you can turn around before walking out the door like

...turns out the mortgage company doesn't like to be paid in dinar... I looked at them like this , and they looked at me like this

I didn't make anything up a-hole. I just said I would check to see if this rumor is true, I am doing everyone on this site a favor by either confirming the rumor or debunking it. Why don't you try comprehending the posts instead of jumping to conclusions.