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I Debated all day if I was even going to post this. If I were the one reading a post like this, I would take this for what it is worth, and form my own opinion. I expect you all to do the same. There should be no question from anyone who has been on this site for more than 3 months about my feelings regarding BS rumors, and BS intel spread across the boards like candy for lost toddlers. I despise the gurus who lie daily and their precious pumper’s pets that take those lies and spread them across the boards like wildfire, knowing dang well that these same gurus have been wrong time and again. I only share this because of the long timers who I have come to respect and I think deserve to hear about this conversation I had today. For you newbie’s that want to question my integrity, and feel the need to bash, go for it, I could give a rats patootie what you think, if you don't like it, don't read it. You may want to go read some of my posts to see if I have earned my stripes on this board. Background info first... I am a swimming pools service tech. I have been in my industry for 21 years. I deal with rich, very rich, and stupid rich people on a daily basis. From time to time I have on occasion asked a customer here and there who I thought might have knowledge either because of their profession, or because I knew they dealt with a lot of investing, and who I felt comfortable enough with about the dinar. I have never had anyone who knew anything about it, until today. Let me say, that I am a people person, so having a conversation with a customer other than about their swimming pool is not unusual for me. I know the names of my regular customer’s kids and dogs, I know what they do for a living, and I even know some of their neighbors. I consider myself a very good judge of people and their character. With that said, this is not a customer I have known for many years, just met him last week when I went to look at his spa, and had to return today to do the work. He is very nice customer, very friendly and talkative. Both times he asked if I would like something to drink and today when I arrived, he was leaving to go to the grocery store and asked if I would like some lunch or anything while he was out. (I declined, but thanked him for the offer). You get the picture. When I first arrived, while he was telling me about his schedule today, basically letting me know he was going to be home most of the day after the grocery store, because he works for the fed and he his having a meeting at his house today so instead of driving across town, yadda, yadda yadda. I thought nothing of it and went on about my work, but turned out that I had the wrong part and would have to leave and come back. So, I did and while I am driving I thought back to the conversation we had and it struck me that he said "he works for the fed" So, I start to wonder if he is talking about the fed reserve, got the dinar on my mind all the sudden, dang it, I wish I would have caught that when we were talking, I would have asked. But, he should still be home when I get back. So when I got back, and after I had finished for the day (still need more parts, grrrrr) I had to bring him out to explain where we were and what the next step was etc. Then I asked him about what he does for a living. This is that conversation, paraphrasing, because my memory is not that good, and some of what he was telling me I did not fully understand, but I was convinced what he was telling me was as he himself believed and knew about the dinar. My question to him was if he worked for the Federal Reserve because he said he works for the fed earlier. He told me no, he works for the commerce dept. for the federal govt. and he deals with exports into different parts of the middle east, from what I gathered traveling to and from regularly with Iraq being one of his more frequent destinations. He deals directly with the Embassies in each country and or region that he goes to. His job has no top secret clearance, and from what I gathered during our conversation the revalue of the dinar is known throughout certain parts of gov't, but not widely talked about due to the speculation and run on the currency it would cause if the gov't just came out and said, yep, it’s going to happen. I asked him if he knew about the Iraqi dinar and the rumor of it revaluing, and if it was true. He told me he did know about it, and that yes it is true that it will revalue. (Blew my mind that he knew and confirmed that it will happen) So, I went directly to the question of the LOP. His answers were somewhat confusing to me in that it had to do with a lot of economical factors and such, so I am not even going to try to paraphrase. Instead, I am just going to tell you that what I did understand of it. Basically, the answer is YES, expect the lop to happen, BUT DO NOT FEAR IT, you will not lose when it happens, It will just be part of the revalue, but we will still get our payday. I wish I could expand on this more, but honestly, I have admitted it in the past, economics is not my strong suit, and his answer of how the process works is very economical. He did however say, and I know there are many of you who will not like this, to hold onto my dinar for about a year to get a really good return. It will start out low, and will increase as the market increases. There are many factors in it, and we did not go to deep into each of these factors, but some that were mentioned were to pay attention to Greece and the Euro, both are about to fail. Also to watch Libya and other GCC countries who are on the way to democracy and that the movement has started, and will continue until all of them have converted to democracy. Iraq, although not completely secure, is well on its way, with the Kurds ahead of the rest of the pack and possibly leading the way. I then asked when he thought and told him about what is believed from boards like these in respect to the DFI expiration, the chapter 7 sanctions, etc. His answer was that probably not that soon, but possibly within the next 3-4 months but really should hold onto it for about a year for a really good return unless you really need the money. He was very open and upfront with me about what he knew. He told me I am in good shape with my measly 750k, and that like any investment, it could go south, but things looked good. Now, I am not going to claim that what I was told is fact, is what will happen, I don’t really get the whole Greece and Euro connection, because, once again, I am a pool guy, not an economist. This was my real world experience today. Take it for what it’s worth. I for one felt better about this investment after today then I have since December. RVDinar4MyFamily

The Central Bank of Iraq, Wednesday, that he decided to restructure the local currency in order to develop the payment system in the country. The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank of Iraq has decided to start implementing a strategic and long-term specializes in the restructuring of the local currency for the development of the payments system in Iraq." He added that "the central bank will raise the level of the local currency and the development of new currencies up approach to U.S. $ 100, which would address the economic gap in the system of financial payments in the country." He continued that "the project to restructuring of the local currency, which started gradually need to support the government and parliament that it will hold purchasing power compared Palmdjulat economy." He expressed the IMF in August / August, his support of the Iraqi economy in the event of having a number of economic measures including the privatization of banks and raise three zeroes from the currency local and honoring debt and compensation is the responsibility of Iraq. The Iraqi government has denied conducting any change in the local currency this year to reduce inflation. The local currency of Iraq has passed in the history of changes to several, most recently in 2004 when the former Governing Council replace currency of the previous symbol of the former regime. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as the organization of the banking sector. http://www.aknews.com/ar/aknews/2/247913/

Why on earth would you post a topic with a title like this? Clearly, it's a fabrication but is it your intent to be humorous, sarcastic, or just inflamatory? Since this is the rumors section, I guess you like many others feel unrestricted in what you are free to post, but it would be nice to see an increase in the thoughtfulness and consideration of everyone posting as a means of creating a more stable, well informed and non-volitile DV environment. Please remember that this is a site dedicated to supporting investors in a currency speculation, not a social networking site. If you are going to post a rumor or opinion, the least you can do is take the time to explain yourself and justify your position. If you're trying to be humorous, at least say so. I can tell you that for myself, I'm worn out on the fake Dinar RV claims just to be funny. The experiences here at DV over the last week and the sensitivity of many members should give everyone pause in the consideration of their postings. When you shout "FIRE" in a crowded theatre, someone just might believe you - and if it isn't burning, don't expect them to thank you for the emotional crisis you created for them. I'm not posting this as an attack on you Headlines, just asking for some consideration from you and others. Respectfully...

[11:56:18 21/06/11] Bear5642 : I'm Back proof of June 30th deadline from UNSC go to page 4 and 6 [11:56:26 21/06/11] Bear5642 : http://www.un.org/Docs/sc/Forecast.pdf [11:57:40 21/06/11] Bear5642 : Check it out give a full description of what Iraq is facing and their backs are up against the wall I smell an RV [12:00:13 21/06/11] Bear5642 : I think they will come in low for the sake of the deadline [12:14:51 21/06/11] Bear5642 : Man things are happening http://articlesofinterest-kelley.blogspot.com/2011/06/iraq-and-iran-zebari-salehi-baghdad-and.html [12:18:04 21/06/11] Bear5642 : Whoop der it is http://articlesofinterest-kelley.blogspot.com/2011/06/iraq-and-iran-zebari-salehi-baghdad-and.html

Sure. It'll be about troop withdrawal from Iraq and Afganistan and some more about Egypt, Libya, and Greece but mostly getting "free face time" for his reelection campaign. I believe he may be worried because RON PAUL beat his nearest contender in the republican straw poll by almost double the number of votes. He may be afraid of a backlash from his spending and policies and feel that he doesn't have much of a chance against a man who wants to run the country and have laws the way the should be according to the constitution. Ron Paul wants to stay out of our private lives, return to states rights and get rid of the Fed and the IRS. Run Ron Paul and Go RV. Vote early and often.

I've posted this before, but IMO it makes absolute sense for the dinar to be revalued near or at the dollar. Both currencies are being used on the streets. If the dinar is revalued at the dollar, the dollar can be removed without any significant effect on transactional business.

CBI Decides to Restructure the Iraqi Currency 22/06/2011 13:06 Baghdad, June 22 (Rn) - The Central Bank of Iraq, Wednesday, that he decided to restructure the local currency in order to develop the payment system in the country. Sums of money The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank of Iraq has decided to start the execution of the strategic and long-term specialized restructuring of the local currency to the development of the payments system in Iraq." He added that "the central bank will raise the level of local currency and the currencies of developing new approaches to reach U.S. $ 100, which would address the economic gap in the financial payments system in the country." He continued that "the project of restructuring the local currency, which started gradually need to support the government and parliament that he will organize the purchasing power compared Palmdjulat economy." He expressed the IMF in August / August, his support of the Iraqi economy in the event of having a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq. The Iraqi government has denied any change in the local currency this year to reduce inflation. The local Iraqi currency has gone through several changes in its history, most recently in 2004 when the former Governing Council replaced the previous currency, which was the symbol of the former regime. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and management of reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector. including a short note from Phoenix too about this article, make sure all of us are crystal clear (0: Pending Revaluation announcment by the CBI This announcment says the they have decided to restructure the currency of Iraq and raise it to near the value of the US Dollar. The CBI has never said this before, all statements before were just telling of the plan and studies to do this so this is the first and only time they have said they are doing it. The actual rate change must be very near....have a plan and plan to act! Phoenix

He added that "the central bank will raise the level of the local currency and the development of new currencies up approach to U.S. $ 100, which would address the economic gap in the system of financial payments in the country." Read more: To me this reads: We will increase the value of our money ( possibly 1 dinar= 1 dollar)and produce new bills in the amounts up to US $100 (such as 1's, 5's,10's, 20's) to address the gap in the system blah blah blah.............

Doesn't anyone find it the least bit suspicious that only Delta and Oakie (both with impeccable reputations) saw this TV appearance by Shabibi? Thousands of us have been searching for ANY mention of this in Iraqi and Arab media with no results. Wouldn't there be links to it, not to mention many print articles discussing it if this had actually occurred? If Shabs had actually said "RV by the end of the month, wouldn't it be HUGE news? (and somewhere other than internet forums) When are we going to stop falling for their nonsense? It's one thing to "want" to believe it. But after years of relentless BS from these guys, when do reasonable people finally say ENOUGH ALREADY?

You know how you always look at custom license plates to try and figure out there meaning?? Well the same can be said for some of the names on here......Got this idea from the last "off topic" post that was rightfully locked out but I thought this would be pretty funny for everyone to just post on here what, how, or why they chose their screen name!! Just add your name to the list with a brief description.....Hahahaha I cant wait to hear some of these answers!!! Ill start off first..... Keepmwlknfny- I love playin call of duty first off, and I came up with this name because whoever I play with is havin to walk funny to try and dodge my bullets (and my knife of course) Your turn.......

My Opinion of Current Dinar Myths…. My hope is that we could discuss these and how they would affect a revaluation…but I may come across as to opinionated to have an open discussion about these issues…it’s just that some of them I know are outright lies and that bothers me….i would welcome any thoughts on the pieces I’ve missed or other issues that are spun from dinar sites….thanks 1. Removing of 000’s is taking the larger notes out of circulation so they can release the lower denominations and revalue the IQD. That they have been doing this for some time. Some have also stated that it is removing the 000’s from the nominal rate…i.e. .00086 exchange rate becomes .86 exchange rate. Here are a couple of articles that better state what they have been discussing doing: http://www.iraq-businessnews.com/2010/09/25/redenomination-an-unlikely-priority-for-the-cbi/ http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html My point is not that they are going to re-denominate…because I’m not sure if they know if they are going to or not….but when they refer to removing 000’s a re-denomination is clearly what they are discussing. Saying they are removing the large notes makes no sense…what about electronic banking? Are they only removing physical currency?...and if you think they are doing it at the daily auctions I assure these are done electronically not with just large notes. Plus in order to make a dent in their money supply they would need to remove several trillion IQD from circulation which would cause significant issues in the market place…and lastly, in order to remove them they have to purchase them and then destroy them…do you think the CBI is going to pay billions in US dollars for IQD that they are going to destroy? 2. President Bush said the war would pay for itself…I’m not sure how this works…the CBI would have to cover any IQD that the U.S. held…So, they would have to pay us in U.S. dollars and if they were going to do that why not just go ahead and pay us? 3. How the CBI would pay for a revalued currency….the Guru’s state that we would turn our IQD in to the U.S. Treasury who in turn would use it to buy oil from Iraq at a special price. That the government would make money off of the taxes and then make money buying cheap oil with an inflated IQD value….here is the most common quoted example The problem is that all oil is purchased in U.S. dollars…so they aren’t able to use IQD to purchase oil. In addition we would be buying all of their oil reserves and since 90% of GDP is produced through the sale of oil they would be left with no money to run their country. In addition this only addresses the U.S. and there are several countries that would be exchanging IQD. 4. Kuwait revalued, why can’t Iraq? Kuwait did not revalue their currency!...well they have had a couple that were pennies but that is not what people are referring to. The situations are very different. Here is a good and accurate read on it: 5. Several countries are going to revalue at the same time… I think this one mainly comes from Breitling…don’t have any evidence that it won’t happen other than to say a revalue like one people expect to happen in Iraq has never happened before and now we are to believe it is going to happen to the Vietnam Dong?...a communist country with no resources…really? 6. They can cover the expense of a revaluation through fractional reserve banking….here is a link on modern money mechanics http://www.rayservers.com/images/ModernMoneyMechanics.pdf it is an interesting read and gives a good explanation of how the money supply is increased through fractional reserve banking…the problem is that it doesn’t work in our situation…again the CBI has to be able to cover the debt of their currency (money=debt) and to do that they would need to increase the money supply of every country that is hold dinar. The only money supply that the CBI can increase is Iraq’s and theirs is too large as it is. Now, for discussion purposes…let’s say that we can turn ours in to the Fed and the Fed works out a way for Iraq to pay for it…it would cause our current money supply of 7 trillion to increase 10% - 20%. If you understand inflation…it is cause by the volume of money multiplied by its velocity and that kind of increase would overload our economy. 7. This will cure all the problems of the US as well as the debt of other countries…I hear this from time to time and always wonder where the wealth will come from to make these countries wealthy? I’m sure there are others and hopefully we can get to how this can work. Thanks for your help with it.

This is a great post and should be in the news forum. Don't mind those who don't see a correlation as to why this is RV related. Some people just don't get it. This investment is not for black and white thinkers. Peace

Why the F*** would you hire financial planners NOW??????? when our economy is in the crapper why??????????????????????? doesnt make a damn bit of sense. Is something coming and they know of it?? time will tell. This really raises my supsicions now.

6-20-11 Franks Monday Night Intel with Delta's Intel by DebTarHeelGirl » June 20th, 2011, 7:14 pm Frank & Dodd – This law has nothing to do with the Iraq Dinar – This is not something that will effect us its transparency and help with all the Cr _ _ ks says Darline, to not be able to trade “ahead” of the rest of normal people. This way is not taking possession as its leveraging and they use this form to make up for losses or endure losses. If this happens by June 30th more lower denoms could be bought. Another currency could spike and use gold and silver again and they desire that to not do it again but use the American Dollar. There is a logical reason but not involved with the change of the IQD but the logical connection with the logic of currency…Watch what they are doing with gold and silver family – this weekend’s reports was a preliminary to what the law actually is its over 1000 pages long… and then it will be changed as out President has not signed certain bills that indirectly effect our exchange…this is still being modified and changed and Darline said the put this off another six months the final reading of it… Please sign the legislation that’s in front of your RIGHT NOW and listen to the Authors of the Plan and sign those papers now Mr. President – This was meant to pay the war and the budget and the deficit – please do not hold up and don’t do what you are planning in doing and you can’t spread the wealth and use it OUSTIDE the war or the budget… Gold and Silver would have been one of the way to diversify my blessing – why take it from us - they want them to stop being crooks and I say they want them to use the American Dollar…This is not good we are being told what to do with gold and silver its one of our rights and privilege as it’s the universal currency. Our Gov can’t tell us to not use this to trade with – they are taking away the gold from us at this time when we are about to have an amazing tax windfall for you. You want us to pay the taxes right Mr. Pres. CFTC Delays Swaps Regulation By Another 6 Months To Comply With Wall Street Demands Submitted by Tyler Durden on 06/14/2011 11:40 -0400 One year after the passage of Dodd-Frank's provisions on swap regulation absolutely nothing has been implemented. And judging by the just announced yet another 6 month delay of rule implementation, it now appears pretty much certain that the $600 billion derivatives market will never be actually regulated, courtesy of conflicted interests at the CFTC. "The U.S. Commodity Futures Trading Commission proposed delaying rules for the huge derivatives market that had been automatically set to go into effect on July 16. One year after the passage of the Dodd-Frank financial overhaul that ordered a crack-down on the $600 trillion derivatives market, regulators have not been able to meet the deadline for translating the legislation into specific provisions. That prompted the CFTC on Tuesday to propose delaying some of the so-called "self-executing" rules until as late as the end of the year." After all, it is the CFTC's sworn duty to do anything to help the poor OTC traders who may experience a modest drop to their multi-million year end bonuses if profit margins are cut into by regulatory intervention: "Traders had feared that billions of dollars in transactions might suddenly fall into legal limbo. Without relief from the CFTC, a delay could have caused those contracts to lose the legal protection afforded them by a clause in the Commodity Futures Modernization Act of 2000 that created a framework that stated they were not illegal off-exchange futures." But lest someone suspect the fine upstanding gentlemen at the CFTC led by former Goldman Sachs employee Gary Gensler who has absolutely no interest in seeing his old firm continue along the confines of the status quo (very much like that other form Goldmanite Hank Paulson), the CFTC did provide this brilliant clarification: "The temporary relief proposals have "nothing to do with any outside pressure one way or the other to extend the rule-making or the effective date," a CFTC staff member said." Well, if they say so, it must be true. More on why absolutely nothing will ever change until the next blow up which since it is backstopped by every central bank in the world, will be the very last one. From Reuters: Those granted temporary relief from the new guidelines include transactions in exempt or excluded markets -- primarily in financial, energy and metals -- as well as measures that do not require rule-making but refer to terms such as swap, swap dealer or major swap participants that must be further defined by regulators. "The exemptive relief that's being granted by the Commission would allow virtually all the same types of transactions conducted now to continue during this period," a CFTC staff member told reporters ahead of an agency meeting. The relief measures became necessary after the CFTC said it would miss the July 16 deadline to write regulations for the over-the-counter derivatives market. The delay risked a legal void for trades that would be caught between the current regulatory framework, which ends next month, and and not yet offered protection under as-yet unfinished new rules. Mutually Assured Destruction is here again: Without some type of short-term fix until the new rules are in effect, Wall Street investors worried the market would be thrown into chaos, casting doubt on the legality of derivatives trading and stoking fears of dried-up liquidity and an exodus to offshore trading. The exemptions, which are open to a 14-day public comment, would last through Dec. 31, unless the rules go into effect first. The temporary relief would not apply to measures already in effect, or on futures contracts, options on futures, or transactions by retail customers in foreign currency or other commodities. We are happy to bet any amount of single ply toilet dollars that come December 31, absolutely nothing will change, and the CFTC will indicate that traders are horrified of the market destruction that would ensue should a 2 year old law (at that point) be finally enforced: "Six months will provide the Commission with the opportunity to re-examine the status of final rule making in light of the changed regulatory landscape at the time," said CFTC Chairman Gary Gensler at the agency's meeting on Tuesday. The CFTC said the proposals "provide the needed clarity for market participants" and should address any legal concerns for swaps beginning on July 16. Still, some industry watchers questioned whether the CFTC has enough legal power to propose these measures. And with Republican now at the helm, expect deregulation (even with regulation effectively at zero as is), to become the name of the game: The first comprehensive U.S. regulation of the swaps market is on track to be implemented this year, but Republican lawmakers have introduced legislation to slow down the process. The temporary relief proposals have "nothing to do with any outside pressure one way or the other to extend the rule-making or the effective date," a CFTC staff member said. And the punchline is that Wall Street which ultimately pushed so hard for this first of many delays, now blames the CFTC: Wall Street banks and major market players have said they are equipped to comply with derivatives reforms, but accused U.S. regulators of dragging their feet on clarifying how and when they will go into effect. In other news, let the rape and pillage of the global middle class continue. After all, that is the status quo. http://www.zerohedge.com/article/cftc-d ... to+zero%29 http://www.occ.treas.gov/news-issuances ... r22633.pdf Frank states its lacking info in these articles and what folks are saying anyway. This law will Stop dream trading in foreign currency exchange and Frank says he does not believe it will affect our currency exchange at all but I feel that it may indirectly effective Lower Denoms…meaning those who have gold and silver can’t buy lower denoms… Andy Webber & George called various senators today to discuss this Report and we discovered – The senators are confused over the Frank-Dodd report – its over 6,000 pages long and the explanation report is - most folks at first were ignorant of this information and were evading talking to us about this report as they don’t understand it completely. One person explained the FCC and CFTC has to make the rules to govern places that are able to buy and sell Dinar and they make decisions – after the 15th of July governed by the FCC they will not be able to buy and sell dinars and she feels that they won’t wait that long. The main worry is will we be able to cash in our dinars –as long as its currency to currency we can trade but not for currency to precious metals. He also stated that the constitution is not meaning much anymore… and she stated its only to stop the short sales of the precious metals and take possession wit in 28 days Senator Pat Tooney’s office stated this information. The stand alone futures commission of merchants, you will be able to buy and sell this way and if Ali is sanctioned by this I am not sure – and Senator Pat Tooney’s Rep feels by the 15th of July the FCC will have their rules made and the people will be able to buy and sell dinars. And again - Frank says he does not believe it will affect our currency exchange at all but I feel that it may indirectly effective Lower Denoms…meaning those who have gold and silver can’t buy lower denoms… Andy states that being self employed for many years and the economy is tougher now and it would be real easy for us to sit back to say the dinars are coming and not do anything and sometimes the money is not there - We pray and GOD is our supplier and he will take care of us and he will not let us down… DFI Fund – says Frank Iraq in Nov Dec started a campaign letting the authors know they wanted it extended – and then in Jan they asked again – the UNSC said NO grow up – the funds are now in NY we GOT YOU and are in control. In fact says Darline, Maliki wanted the funds in April to get two accounts and the food for oil by May 1st and they did get it and 1st of June they transferred the $$ from the UN to two US Banks. The DFI was extended “OUR” way till June 30th 2011 PERIOD. They wanted 2012 but it was not approved…DFI money is protected no one can sue them. And having the money here in the US dose the same thing. Frank says it was extended “our way” Frank says there is not a time frame – phases and a plan that does end on June 30th – accomplishments to the currency plan had to be accomplished and they did it all - THERE IS NO TIME NO CLOCK NO STOP WATCH and no one cares that anyone is impatient about revaluing this currency and they are doing the phases of the currency one, ON Iraq TV today- Shabibi spoke and Maliki and both came out and said things with happiness and fellowship to each other – to the people – and today Shabibi spoke after Maliki and he said things about the currency – EF Hutton style – and when he speaks of anything they listen – and he said they are finalizing the lifting of the 3 zeros… Frank says come on, Shabibi is like a politician but it is done already… he said he would increase the rate of the currency The LOI letter M sent to the UN and asked about paying Japan back and the Iraq Forex started training people today. Darline The article should come out where Shabibi and M and it may be recycled as they are not ready to give us new information. They have decided to remove the 3 zeros completion near done and we are now presenting to House of Reps. They are telling us its going back before Parliament so they can pass the laws we need. Shabibi went on to say on TV that explaining to the citizens that the currency will have a gradual increase and spoke on the $.86 to $1.30 – we bring you everything folks and we can’t guarantee things we say but we repeat what Shabibi says – The appraisal comes back from Ernst and Young through the IMF rate should be $1.30 and Shabibi spoke of this today that the CBI is about to finish raising the 3 zeros project strategic and submitted to parliament if it is complete. Frank states that Shabibi came out today and said on TV about the $.86 to $1.30 that the currency will have a gradual increase and the lifting of 3 zeros would be part of this – He said that the currency value from the 70s and 80s would occur in 2013… Frank says I am still at $3.86 no matter what but I can’t be dogmented and I have to give you what my team has and we slowly have been telling you that its highly possible this lower rate can be the real rate – we have to share this with you… He said that the currency value from the 70s and 80s would occur in 2013… SO if it does come out – then it would only take a few months for the value to rise 3-6 months to be driven up to the $3+ range – this law about precious metals is in a small way that it is somewhat directed to us. IF it does come out it will double by the end of the year – and lets look at 2012 at least in the $2 range. IN 2006 for the first time Shabibi said We strive to bring the currency back to the value of the 70 abd 80s and it’s a long process and will take steps to accomplish and 6years later now those are long steps Shabibi – Frank says that we are to praise GOD and that Shabibi is talking about raising this value which can only be a good thing and to have him say after this increase raises to our level in 2013 – its only his opinion says Frank- its not his opinion it will come out at a higher rate now – 3 months ago in Washington DC Shabibi said ahhhhhhhhhhhh so Frank says I am not disappointed one bit about what he has said…. Obama and Bush fighting over who gets the credit… Texas tell him Ohio tell him somebody tell him DC all of you tell him – I am not saying he is holding this up but O wants to use this money of this blessing in the same manner as the Clinton campaign used it… Next – discuss $5.25 and how many were paid out and why have we not heard about this anymore? Frank said this rate might actually be the GBP rate of $3.86 and Frank’s math was incorrect he did it backwards… my dear friend in Iraq said he had cashed out at that rate – we have found NO ONE else no who were cashing out – we are hearing rumors that they are cashing out in the political structure – but how can we prove this? Is someone really going to tell you they did? IF these rumors are true then praise GOD cause we are next. The only one I have is the one I told you about… Why are the dealers still selling – when they should hold on to their dinars – the dealers already since back in 2004 have invested a lot and their profits were purchase and in the mean time a business was born caused selling dinars due to the supply and demand… The Inflation rate stated is 7.3% http://another site.wordpress.com/ ... es-to-7-3/ 45% inflation rate increase in one month? Frank feels it’s not this rate - but if it is true the core inflation rate for June is going to be almost 11% or higher on these calculations? DO you understand they have to raise the value of the currency ASAP ?? That core is like a virus In July it would be 15% or higher Delta said Islamic Banks were to do something on the 19th but we heard nothing – but they are trying to connect banks in ME – and they have to go international to give loans.. Today 1st time Shabibi an Maliki was live on TV that he did report on TV about the money laundering – they don’t want the money to end up in Wrong hands- then Shabibi said today that rate will be $.86 up to $1.30 – and former financial minister of Iraq spoke in 2006 on starting the IMF WB and the CBI said ever dollar would be 1.2 dinars – it will take us 2 years to replace the old notes with new notes to not confuse their own people so they can be phased out… Delta just announced that Shabibi said today on IRAQ TV he will revalue the currency by June 30th if not before for SURE and he did say $.86 up to $1.30 with a gradual increase up to the 1970's and 1980's rate by the year 2013. They do not have enough money to support a higher rate than this so said Shabibi today on Iraq TV. SHABIBI said a gradual increase and he did say that it will happen in the month of JUNE. Iraq they are ready letter to UNSC that they are done and ready to move to Chapter 8 and the 22nd and 23rd they need to do this and no later than June 30th- and they have to use the IQD and only one currency. As soon as they qualify for Chapter 8 they can’t use the dollar there to buy and sell. Shabibi said there is not enough money to support an RI past the $.86. It’s still they have to revert back in 2013 they will go back up to $3.44 and in 2015 it’s possible that this would be worth $5 range – Kuwait is now about $3.61. Kuwait will join the GCC and we all know we already agreed the fixed rate is $2.50 to $2.65 and Iraq will join the GCC then when in 2013 they will have a rate of $3.60+… If Iraq wants to join the GCC for any reason for every person having dinars will get about 1.5 to 2 new GCC currency. Delta says the inflation is about 8%+ numbers are not right and therefore they HAVE TO DO THIS RI- NOW ‘ The IMF will receive the confirmation and then announce the RI – they are hooked up with Basel and BIS and it will show first on the CBI then all over. All indications shows that they are doing this now – he needs security to do this. On the 29th to the 10th of June we know what was going on – we will say that it make sense now at least for those that have been telling us including those that said they cashed out - maybe this was true for during that date. Delta says the $5.25 rate is not real. Darline says Delta your rate of $1.30 or $.86 cents – the Iraq rate will be different as USD as it will be on GBP Delta says NO – Darline says she is not saying $5.12 but regardless what Iraq RV s at – our Dollars are on a different level as the GBP is on a different level compared to the dollar and the IQD…NO says Delta Darline says if that is true and if it were $1 – most people will put un-cashed dinar into a foreign asset account the Dodd Frank bill spoke of digital currency and it may be a horrible wrong idea to do this now – so better do some research on this type of deposit… Frank said I go away from getting and getting out quick…but not so sure now ISX Stock market wants to go global any day articles stated today… so they have to revalue now. They can’t pay their debts anymore and can’t afford a high rate = these high rates going around will not be true. They owe Kuwait 21 billion dollars and they only have 165 billion dollars and this money that they release will be to support the dinar if they take this out now from this balance. Shabibi does not lie – he never has lied to his people and he told them the value will be raised on the currency THIS MONTH, and Delta states no later than the 28th. Shabibi goes to Rome on the 23rd to speak to banks about currency…. They do not need parliament to approve the raising of the value… Shabibi said that that Iraq economy will kick in on July 1st… On the 22nd this could be the day – IMF sent letter to the CBI….Shabibi will be in Rome on the 23rd and something will happen… Skyhawk makes a statement from the forum: THE IQD ROCKET IS READY TO ROCK FRANK FRANK AND DELTA THE 86 CENTS WHICH WILL BE ABOUT $1.17, IS ACTUALLY A BOOK VALUE OF THE DINAR.........THIS ROCKET WILL LIGHT AND PURE SPECULATION GREEED WILL TAKE OVER. IT WILL TAKE OVER IN THE CURRENCY IT WILL TAKE OVER IN THE ISX WE ARE NOT EVEN TOUCHING THE SPECULATIVE NATURE OF THE MARKET. WE ARE PURELY LOOKING AT BOOK NUMBERS FOR VALUE......SPECULATION WILL MAKE THEM RV THIS THING ON A MONTHLY BASIS TO AVOID THE 2% LIMITATION OF INCREASE. HANG ON FRANK, TO THE MOON ALICE. Frank said 2 revaluations In 2 years will happen – Delta says that its not going to be $1.17 at all its going to be 1 dinars and 17 fills = to $.86 in USD…. It will come out as a managed float – they will not let it go high – it will be fixed and the whales and sharks cannot eat Iraq and if you go to the bank foreign bank there is a maximum you can buy is $3,000 worth – when the $.86 comes out you won’t be able to buy $1.0million dollars worth so the whales and sharks can’t buy… it will take 2 years and when banks show the $.86 rate if I am a rich man I can’t buy more than 3,000 more dinars… it’s the most you can buy per day… they have a cap limit its fixed…. All investors will jump to Iraq to invest in the country and that will be supply and demand and it will take 2 years… 1% of US citizens hold dinars – those people cashing in will be about 90% of those holders. Most will not hold it – THIS RV IS NOT FOR YOU AND ME ITS FOR THE COUNTRY BENEFIT. You can keep the larger notes forever there is not time table – they will be legal tender they will need it so you can hold on it for as long as you want…cancelling the larger notes will hurt the country so there is no limitations as they will co-exist together. This currency will explode fast says Frank- faster than forecasted….Delta feels this may be on the 22nd… Shabibi to say this today and they are out of Chapter 7 and Kuwait announced to invest in Iraq – lots going on – it’s a done deal – Kuwait is happy we need to be happy too! Global Settlements states Delta that letter stats that the Pres is the hold up of the RV he is NOT but the revalue is DONE but he needs more taxes on those cashing out here in the US, Je’sus says this may be out last pre-blessing conference call - Frank says we will call it BC and AD conference call - Before Cash and After the Dinar. Frank is definitely doing the SNOOPY dance - we have been waiting so long to hear Shabibi say HE WOULD REVALUE - we are there folks we are there... 9.999 is Franks meter now! END of CALL Always All My Best, DebTarHeelGirl

For those of you who have already started the bashing, get a life. You're not amusing..., definitely not too intelligent..., don't have anything creative to say and probably looking for attention. At least folks like Frank and the others are contributing to the "dinar community". You have the choice to read anyone you want. It's bashers that have diminished the quality of this community by chasing folks away like Scooter and the like! Didn't your mama's teach you that if you don't have anything good to say then say NOTHING at all?

sorry lol but its talkin about releasing the lower denominations from 1 to 100 iqd notes lol...BondLady

5:44 PM [RayT] fortunaterabbit Kiwait Dinar did not come out in a managed float... too many are ignoring the economics here... their budget is based on a certain rate and based on what we know about their oil production and their buget, even Shabibi said that the difference would have to be made up by the rate... the minimum rate that they will need to meet their budget is $3.42, which is a long way from 86 cents.... also keep in mind, neitherthe US Government or the IMF would not approve such a low rate and Shabbibi has previously announced that Iraq will soon have the strongest currency in the Middle East 5:50 PM [hawaiimtt] Moonchild ... if what you said is your understanding ... you are not right... it will be over $4 as that is a fact.. 5:51 PM [hawaiimtt] I agree with what Poopy2 said today and we do look great for this week 5:51 PM [RayT] Moonchild believe what you want, but the IMF previously turned down a request to come out low... they app[roved a rate of at least $3.22 + 20 for inflation or $3.86.... and the US would never approve such a low rate also... we have to use a little commen sense, but too many jump on a rate as if it fact without considering the economics at all... 5 5:52 PM [hawaiimtt] NO.. just got out of meetings... just want to keep you all updated for free and let you know that yes we are looking great for this week and I will not put a day on it as do not want to do that... 5:53 PM [Dash Riprock] ~nk Red Lily Just got off the phone with him. Talked about an hour or so...caught up on things. He is not holding any dinar, but is aware of the currency and says he is going to buy some tonight from DB as a result of our conversation. He said he will make some calls tonight and in the am to see what he can dig up, both with active and retired people he knows. Further, he has a relative who is a high high up officer (do not want to say rank...to easy for PTB to figure out who he may be) in Afghanistan (sp?) that he said he would try to reach as well. I will inform as soon as he gets back with me. I will say this, now I know how those feel about knowing someone and making sure you protect their identity, out of friendship. Take as you will. 5:51 PM [xxx] hawaiimtt I was just asking if you made a drive-thru today! 5:52 PM [RayT] rdailey4 provide the proo or the transcript, otherwise it is all Rumor... 5:53 PM [RayT] blanc that was months ago, again consider the economics and consider what Shabbibi has said previously... 5:55 PM [xxx] RayT I agree on a higher rate too but a lot of things are stated with backup all the time 5:57 PM [hawaiimtt] blanc A low raate would distroy Iraq over night and that is fact... it will be over $4 as we meaning my contacts that do know what is going on have proof that it will not be low... 5:57 PM [hawaiimtt] blanc A low raate would distroy Iraq over night and that is fact... it will be over $4 as we meaning my contacts that do know what is going on have proof that it will not be low... 5:58 PM [RayT] blanc that is true, but when you look at the economics, logic, etc, it all supports a rate of $3.22++.... there is no proof supporting a 86 cent rate... 5:58 PM [xxxxx] hawaiimtt Thats what I like to hear 5:58 PM [hawaiimtt] It wont come in low... the people that say it is have no clue and get there info from low level people ... 6:21 PM princessdinar: Subject: okie - Rich Queen chat afternoon 06/21/2011 Today at 3:59 pm Reply with quote okie oil man : hi rich queen--you are always welcome to a more peaceful atmosphere where you can express yourself without being reserved and afraid of being banned because of your opinion on any (any) subject Rich Queen : okie oil man Thanks, darlin' man i sure hope this rv would hurry up - my leg is tired from kickin' butt defending you at ptr! Okie oil man : i have been asked about the legality of owning gold and silver past july 15th 2011-----the frank-dodd bill that seem's so upsetting to some is vastly misunderstood-----what this bill is relating too is---ownership of certificates (paper) of gold denominated value-----it has nothing to do with you owning and possesing actual physical gold and silver----this is a move for transparency and makes those who issue gold and silver certificates required to hold those assets instead of just paper assets okie oil man i concur. It's designed to stop the blatant manipulation of ( the rest did not come through: RL) Sorry THE REST OF IT: 6:25 PM princessdinar: Where the price of precious metals will settle after requirement of actual possesion by some of these traders ends up being Rich Queen : okie oil man Some of these guys are definitely gonna be caught with their drawers around their ankles, i can tell you. Okie oil man : rich queen--their issuance of worthless paper is going to make the derivitive housing scandal look like a sunday school class Rich Queen : okie oil man you got that right! I wonder if they make silver handcuffs? Okie oil man : rich queen---a lot of private jets will be departing the usa for points unknown and no flight plan filed Rich Queen : if it is true that Iraq must have a tradeable currency a minimum of 7 days before formal ascension to the wto, and if in fact that is scheduled to happen June 30th, what does that make tomorrow's date? Okie oil man : about 1800 dollars for 6 hour flight time within a 24 hour period Rich Queen : okie oil man i gurantee you there are lots of people under surveillance right now. They can run, but they can't 6:25 PM [buckwheat] SKYHAWK Because tha 6:26 PM princessdinar: OKIE OIL MAN I concur. It's designed to stop the blatant manipulation of the gold and silver markets. Jp Morgan has gone completely crazy with it's monkeyshines with regards to silver in particular. They must be stopped. However, they may not institute that bill for another 6 months. Rich Queen : OK I gotta go get gussied up. I am hearing from ALL sides that tomorrow is gonna be a GREAT day. Note the dual summits - BIS in Switzerland and Arab Banking in Rome that start tomorrow. Shabibi will be in Rome for a speech @ OKIE OIL MAN : RICH QUEEN--IT WILL BE INTERESTING AS TO HOW WHEN THIS ALL AIR'S OUT WHERE THE PRICE OF PRECIOUS METALS WILL SETTLE AFTER REQUIREMENT OF ACTUAL POSSESION BY SOME OF THESE TRADERS ENDS UP BEING Rich Queen : OKIE OIL MAN Some of these guys are definitely gonna be caught with their drawers around their ankles, I can tell you. OKIE OIL MAN : RICH QUEEN--THEIR ISSUANCE OF WORTHLESS PAPER IS GOING TO MAKE THE DERIVITIVE HOUSING SCANDAL LOOK LIKE A SUNDAY SCHOOL CLASS Rich Queen : OKIE OI 6:29 PM princessdinar: Rich Queen : If it is true that Iraq must have a tradeable currency a minimum of 7 days before formal ascension to the WTO, and if in fact that is scheduled to happen June 30th, what does that make tomorrow's date? OKIE OIL MAN : ABOUT 1800 DOLLARS FOR 6 HOUR FLIGHT TIME WITHIN A 24 HOUR PERIOD Rich Queen : OKIE OIL MAN I gurantee you there are LOTS of people under surveillance right now. They can run, but they can't hide OKIE OIL MAN : I MEANT TO SAY 18 THOUSAND BUCKS Rich Queen : And with the new BASEL III system in place, they can't deposit any of their funds anywhere without being caught OKIE OIL MAN : CYA LATER--THNX RICH QUEEN Rich Queen : 100% transparency is a beautiful thing Rich Queen : I gotta go too. See you all later! OKIE OIL MAN : RICH QUEEN---ONLY IN BUSINESS DEALINGS AND LADIES UNDERWEAR OKIE OIL MAN : CYA LATER GANG--PLAY NICE HUMMER : okie, are you coming back later?? OKIE OIL MAN : HUMMER---GOT A LOT ON MY PLATE TONIGHT--SEVERAL WELL REPORTS TO STUDY AND FIGURE OUT WHAT WENT WRONG AND DECI 1. All Bank Pinging in USA is done Wirelessly 2. Bank IP address change every 3 to 30 seconds 3. Alll of the Major 4 banks in USA are already in sync 4. Sometimes it takes weeks for all pings to be completed just a USA WF Branches 5. Once Pings are in motion the contact in the Foreign Exchange Department confirms (YES/NO) 6. Language barriers can cause delays on a global scale 7. On the Source Code at each branch for example a type error of "/," at 1 bank can prevent pings and information delivery in US & Internationally. 8. There are actually 3 different bank screens A. Private Bank B. Branch Bank C. Foriegn Currency Department Althought the same bank all screens are different 9. Many of the calls are coming from Branch Bankers, not the Private Bank Groups, as the Private Bank/Wealth Management Bank technically does not facilitate Cash In, and they are not aggressively seeking customers like bankers on the Branch Level, however they all work together. Remember commissions are paid for NEW accounts & New Products. 10. All USA Banks Ping Wireless, however many countries do not have IT infrastructure build out like USA 11. All of the GURU talk about Bank Back Screens and Screen Colors is REAL 12. Remember this is all coming from a country that had no IT Banking Infrastructure due to wars 13. Rate does not have to show up on CBI for it to be LIVE Note: Imagine getting every bank on Earth in sync with multiple currencies at 100% connectivity and all pings confirmed 100% by each bank in sync, and that bank in country a in sync with country b. USA banks are READY.

If they aren't then I am. Why is it so difficult to disagree with someone's position or opinion respectfully? Why is that people feel that they need to call names or belittle someone to make their point? This is a forum for dinarians provided by Adam. Adam made the rules. It is very simple. Read the rules. Know the rules. Live the rules. If it is beyond your ability to follow the rules, then take it someplace else. DV is for serious IQD speculators. No one here wants to be your babysitter or your mommy or daddy. My kids are grown and out of the house. Everyone here is suppose to be an adult. Try to act like one. Before you hit the add reply button, reread what you just wrote. Ask yourself, "Is this a post that I would want someone to leave for me?" If it is hit the button, if it isn't then make the changes. The golden rule is "Do unto others as you would have them do unto you" This rule applies here. Every DV member needs to police our forum. If you see a post that is offensive or that breaks a rule, then hit the report button. We have limited mods trying to police a multitude of posts. Your assistance at making the forum a better place will be appreciated. It is time to return DV to it's former glory.

I read the post again just to see if the word idiot was ever mentioned. I did not see it.. I used to enjoy this site but It makes me sick to see the mods telling people to leave and not come back just because they don't like what was posted. I have been invested since jan 5 2004 it has been a long ride for me and until this week enjoyable. I normally say very little here in the posts but I had to say this today.

For a long time now I have preached that my analysis of the law and regulations leads to a conclusion that the IRS will view income from currency exchange based on our investment as ordinary income. My analysis can be found here: Now I'm going to give you arguments for the other side. (Believe it or not.) I never stopped looking for an appropriate argument to save us on taxes. This may be a good start. I was convinced by another professional to make a submission to the IRS to request to be added to the Guidance Priority List to get guidance for out tax situation. When I drafted the document (with some help from others), I argued the side of capital gains taxes. Do I believe my arguments? Of course I do. I would not say it if I didn't believe it. My analysis of the law linked to above tells what I believe is the IRS' current stance based on current law and regulations. My request to the IRS copied below shows how I think things should be. While this is not a legal opinion and you can not claim to be my client having received legal advice, I think these arguments may be good enough to support a claim on your return of capital gains. HOWEVER, I'd still figure ordinary income and put the rest away in an interest bearing account in case the IRS comes asking for it. Hope you enjoy it. Best of Blessings, Mark Plain Text Follows: (Sorry for lousy formatting in plain text.) Recommendation for the 2011-2012 Guidance Priority List Part I Introduction I am in receipt of a request for public comment on recommendations for items that should be included on the 2011-2012 Guidance Priority List. I, therefore, am submitting a recommendation for inclusion on the 2011-2012 Guidance Priority List based on the criteria provided in Notice 2011-39. 1) The recommended guidance resolves significant issues relevant to many taxpayers; 2) The recommended guidance promotes sound tax administration; 3) The recommended guidance can be drafted in a manner that will enable taxpayers to easily understand and apply the guidance; 4) The recommended guidance involves regulations that are outmoded, ineffective, insufficient or excessively burdensome and that should be modified, streamlined, expanded, or repealed; 5) The Service can administer the recommended guidance on a uniform basis; 6) The recommended guidance reduces controversy and lessens the burden on taxpayers or the Service. 1.01 Executive Summary The professional community is divided in its opinions about taxes to be assessed to an individual invested in physical nonfunctional currency. One group of professionals believes such transactions are capital gains transactions falling under Section 988(e)(2). Another group of professionals believes just as strongly that Section 988(e)(3) excepts their clients from this treatment and they must instead pay taxes on ordinary income. Without a clear statement from the Service about how the nature of the tax is to be determined, it will have to be decided after the fact, on an individual basis, through private letter rulings, audits, and litigation. The crux of the problem lies in differing interpretations of the phrase, “expenses properly allocable to such transaction meet the requirements of” section 212 or section 162. It is essential that a measurable and objective means is given to determine the application of this language in a uniform and consistent manner. While historically immaterial, recent world events have made the issue ripe for guidance. 1.02 Background & History of Issue In 1990 the value of the Kuwaiti Dinar dropped from over $3.00 to less than $0.50 due to Iraq's invasion of Kuwait. Many currency speculators bought Kuwaiti dinar with a market value as low as $0.10. When Kuwait's government was restored, the value of the Kuwaiti dinar was reinstated. Those who purchased the currency for mere pennies were now able to exchange it for over $3.00. Many people became millionaires over night. Kuwait became the nugget that sparked the equivalent of a modern day currency gold rush. In response to Iraq's invasion of Kuwait, the United Nations Security Counsel (UNSC) placed severe restrictions on trade with Iraq as well as adding other restrictions that would not be lifted until such time as a host of conditions had been met. At the time the restrictions were put in place, the Iraqi dinar (IQD) was trading at over $3.00. The currency immediately devalued. Upon the invasion of Iraq by allied forces, the value of the currency dropped even further. Currency speculators who had profited from what had happened in Kuwait saw another opportunity and purchased Iraqi Dinar (IQD) as low as $0.001. In 2004 IQD was selling for about $0.005. For the past few years it has held stable at around $0.008. The news of the potential for profit with IQD spread quickly. For over seven years people have been buying IQD as a speculative investment awaiting the day that all of the UNSC restrictions are lifted, a full government is seated, and (along with the International Monetary Fund (IMF)) the Iraqi government revalues its currency to appropriate values based on its wealth of natural resources and other economic factors. These speculators stand to reap rewards far in excess of those who invested in Kuwaiti dinar. However, a review of current legislation, regulations, and publications does not give clear guidance on how these millions of dollars should be taxed. The problems discussed in this recommendation for guidance have existed for some time. However, until now they have been largely immaterial. Not enough people were affected and for those who may have been affected, not enough money was involved to make it worthwhile to regard with any real concern. The thousands of people currently involved in currency speculation and the enormous potential profits make this an appropriate topic for immediate guidance. While I have been reticent to request any official instruction up to this point because of the speculative nature of the investment, the wealth of documentation and information pointing toward the imminence of the factors necessary for growth in the value of the IQD, the necessity for clarity, the number of people affected by this issue, and the billions of dollars generally (and hundreds of millions of dollars at stake for those I have personally counseled) bring me to the point that I believe it is both prudent and appropriate to request guidance. (Examples of events that lead me to believe that now is an appropriate time to request guidance are: In February of this year, the UN Security Council met and released Iraq from nearly 20 years of restrictions. Since that time large numbers of contracts with the Iraqi government have been announced for oil, infrastructure, and general development. The few resolutions made by the UNSC in February regarding things that Iraq still needed to do were to be resolved by June of this year. The US Treasury department has completed their work with the Iraqi government to develop modern, computerized banking infrastructure. The Iraqi Stock Exchange is in place. Hedge funds and other large investors have begun putting large amounts of money into the development of Iraq. Iraq has one of the largest oil reserves in the world. Prime Minister Nouri Al Maliki made a speech to the Iraqi people on Friday the 27TH of May 2011. It is rumored that in this speech he stated that the dinar would be a frontrunner among the currencies of the world. Unfortunately, I will not have time to verify the contents of the speech prior to submission of this document.) Even if the government of Iraq should choose (for whatever reason) to go against the direction of the International Monetary Fund (IMF) and does not revalue their currency, once released from the UNSC restrictions, the value of the IQD will grow to match market pressures and reflect the countries underlying economic potential. Even a move of a few cents will mean millions of dollars for some speculators. A move to appropriate levels will mean millions of dollars to thousands of speculators. These circumstances have shed light on issues that have not been appropriately dealt with; taxation on income for individuals investing in physical, nonfunctional currency. Part II The Recommended Guidance Resolves Significant Issues Relevant to Many Taxpayers 2.01 Numerosity There is an ever growing population of individual speculators in physical nonfunctional currency markets; most notably the Chinese Yuan, the Vietnamese Dong, and the Iraqi Dinar. There are Internet forums where people gather to exchange information relating to the developments within the countries and the potential for appreciation of the currency's value. One such forum, don't promote other sites, lists membership of 21,973. Another site, Dinar Vets, lists 29,503 current members. While these may be the most notable sites, there are many less known sites. One of the newest that I have been made aware of is called People's Talk Radio. Since its creation in or about January 2011, it has gathered 9,472 registered members. These numbers, however, pale in comparison to what is reported by one of the Exchange houses. Ali Agha, president of a currency exchange house located in California (Dinar Trade), reported on CNBC on the 28TH of October 2009 that they had over 100,000 customers purchasing dinar. He further reported that there were approximately 1,000 orders placed per day and between 500 and 600 Million IQD sold per day at the rate of $1,060 per million. The same segment also reported that Dinar Trade had over 175,000 individual sales from the four years following their inception in 2004. The video can be viewed at the following link. (http://video.cnbc.com/gallery/?video=1311362126). I spoke with Mr. Agha on the 2ND day of May 2011 and requested an update which he was unwilling to give. However, we know that through Dinar Trade alone, over 100,000 taxpayers may be affected. I will give an example later of how this number may have grown exponentially through gifting. Upon the release of UNSC restrictions upon Iraq, the currency will either be revalued or will be allowed to float in response to markets. In either case, the release of the UNSC restrictions will act as a triggering event causing a super majority of the speculators who have purchased IQD to have tax consequences in the same year. They and their professional advisers will all need guidance at the same time. If there is no revaluation and the currency is allowed to float and respond to market pressures it may continue to appreciate significantly over time, speculation will continue to drive the price up and there is the likelihood that this will be an issue for a significant number of taxpayers for several years to come. 2.02 Significance (a) Potential Income Taking the numbers reported on the CNBC segment discussed above we see that Dinar Trade, one of the currency exchange houses, was selling at least 500 million dinar per day. Dinar Trade was established in 2004. If we assume this average daily rate for only three of the years since there inception, no sales any other year, and no sales through any other currency exchange house or bank; there would be 390 billion dinar sold to speculators. If the currency moves only $0.03, the income generated will be $11.7 billion. If there is a revaluation of the currency to a rate approximating the Iraqi dinar's former value (over $3.00), the income generated will be over $1.17 trillion. Though these numbers are significant, adding the remaining years of sales for Dinar Trade, the multiple sales through other currency exchange houses, and the sales through banks would most likely have the affect of making these numbers truly staggering. Even if there is never a revaluation, the move of the currency just a few cents is significant. (B ) Nature of Tax The core question is, “With regard to individuals who have invested in physical nonfunctional currency, will the transaction be treated as a personal transaction under Section 988(e)(2) providing for capital gains treatment for income and unreported loss OR will these transactions be excepted from “Personal Transaction” due to Section 988(e)(3) and require that all income is reported as interest income while allowing the full deduction of all losses? This issue did not arise when Kuwait reinstated its currency value. The time between the devaluation of their currency and the reinstatement was short enough that those who profited were obliged to pay the same marginal rates. Whether they were claimed as short-term capital gains or were classified as ordinary income was immaterial to the speculators. The case of the Iraqi Dinar (IQD) is much different. While some speculators have only held IQD for a few months, this currency became an investment target as soon as it devalued significantly. Based on the numbers given above, it is safe to say that the vast majority of speculators will have held at least some IQD for over 12 months. Most people who have seen fit to invest in IQD have continued to invest more over time and have a mixture of short-term and long-term holdings. Further, the difference in the amount of tax due upon a currency exchange income event involving a revaluation of the IQD would make it worth holding the currency for the necessary amount of time to qualify for long-term treatment if the income is to be treated as capital gains. This makes determining the appropriate nature of the taxes essential. Part III The Recommended Guidance Promotes Sound Tax Administration 3.01 Clarity Sound tax administration requires clarity. The code and regulations dictating treatment of gains by an individual speculating on foreign currency lack clarity. (a) Resources Available to Taxpayers Thousands of individuals have been seeking information on the taxation of their prospective investment for years. One of the earliest examples I found was a post on an Iraqi dinar investment forum dating back to 2006 listing revenue ruling 74-7 as authority that the income should be claimed as capital gains. End note 1 of the ruling explains that travelers were attempting to claim 1031 exchange treatment for their currency conversions. The ruling established that they should instead pay capital gains. I have seen this posting repeated on several forums (though listing the ruling number incorrectly). Often individuals speculating in physical currencies avail themselves of easily accessible resources provided by the Service. They have regularly gone to the Service's website themselves or relied upon those who have reported what they have found there. In almost every case, research on the Service's web site produces Pub. 525 pg. 33 which tells the reader that for personal transactions with foreign currency, capital gains treatment applies. Many others call the Service and the Service Customer Care employees quote the same information from publication 525. A variation on this information that I saw came from a gentleman who used the Service's email guidance system. The answer he received dealt with claiming his income under section 1256 with a split between long-term and short-term capital gains. Invariably, an individual contacting the Service for guidance is told to claim capital gains treatment in one form or another. The only time there is variance on the issue is when tax professionals are employed. (B ) Disagreement Among Professionals I have had the opportunity to communicate with currency speculators regularly for several months. I often hear assertions like, “I talked to my CPA and tax attorney and they both agree it will be taxed as . . . .” The last part vacillates back and forth between “ordinary income” and “capital gains.” From these communications, it appears that the world of professional advisers either 1) are not equally aware of the issues involved in currency speculation OR 2) the issues lack clarity to the extent that well studied professionals are coming to differing conclusions. After communicating with some of the professionals involved, it has become apparent that both problems exist. (1) Lack of Awareness CPAs and attorneys are both trained that appreciated capital assets receive capital gains treatment. Therefore, when asked by a currency speculator how their income should be taxed, it is easy to give an answer with complete confidence that all income associated with speculating in physical foreign currency should be taxed as capital gains. Most professionals do not feel the need for any further research on the matter. However, some professionals have done the research and still arrive at different conclusions. (2) Differing Conclusions Section 988(e)(2) plainly states that gains on disposition of foreign currency by an individual performing a personal transaction are treated as capital gains for income over $200 and any losses are unreportable. However, section 988(e)(3) seeks to narrow the definition of “personal transaction” by eliminating any transactions in which “expenses properly allocable to such transaction meet the requirements of” sections 212 or 162. For the professional who has researched, this is where the guidance is lacking. The professional community is in disagreement on how to apply the phrase, “expenses properly allocable to such transaction meet the requirements of” to this situation. Some professionals are of the opinion that according to textual reading of section 988, there must be expenses already incurred that would qualify to be deducted under section 212 or section 162. Others believe that the deductions must not only have occurred, but that the deductions must also have been claimed. Others believe that the reason for section 988(e)(3) is to capture the nature and intent of the exchange transaction (profit production vs. personal use). This last group believes that no measurable expenses need have been created and it is enough that, due to the nature of the transaction, any foreseeable expenses “could” be deducted under section 212 or section 162. Turning to the regulations for section 988 offers little assistance. Instead of offering guidance on the application of the above quoted phrase, the examples listed in the underlying regulations simply repeat the phrase, “Assume that all expenses properly allocable to these transactions would meet the requirements of section 212.” The only “expense” associated with the speculation in physical nonfunctional currency for the majority of individuals is a transportation expense which is included in purchase price of the currency. Instead of qualifying for a deduction under section 212 or 162, this expense is properly included in basis as part of the cost of acquisition. There are no investment counsel fees, clerical support fees, custodial fees, etc... which might typically be incurred by a taxpayer for the production or collection of income or for the management, conservation, or maintenance of investments. The speculators simply buy the dinar notes and hide them in a mattress (figuratively speaking). The waters become even more muddied by the fact that many speculators have received dinar, yuan, and dong as gifts and many more who have been working either as military personnel or civilian contractors in Iraq have acquired some of their dinar as currency for daily living and then have decided to keep the currency not spent to speculate on its appreciation. Therefore, for these individuals, even if there were potential expenses, they would not be allowable under section 212. Guidance is needed to determine if the Service is simply saying that if you have taken deductions for investment or business purposes you can no longer claim a “personal transaction” or if it is the Service's design to attempt to divine the “intent” of an individual's actions and allocate foreseeable expenses to the transaction whether or not incurred. If it is the Service's intent to apply the standard that a person similarly situated could foreseeably create and deduct expenses, the next question becomes, “When is this standard to be applied?” A person receiving dinar as a gift certainly has no section 212 deductions at the time of receipt. However, if the individual holds the currency for several years, it is foreseeable that a similarly situated person might be able to create deductible expenses based on an investment intent that was created sometime after the acquisition of the nonfunctional currency took place. The inverse should be considered as well. If an individual acquires a nonfunctional currency through exchange for functional currency and does so for the purpose of investment and then determines to give a portion of that currency to a charitable organization, does the fact of gifting to charity negate any previously perceived investment intent? (There will be more discussed on charitable issues later.) Taxpayers are in need of clear guidance that will make it simple to determine whether or not the “personal transaction” exception from 988 (e)(2) can be applied to individuals who have speculated on physical nonfunctional currency. 3.02 Continuity It is in the interests of sound tax administration to have continuity in the treatment of circumstances which affect a large number of taxpayers across multiple regions. Due to the lack of clarity in section 988 as applied to speculation in physical nonfunctional currency, there is the potential for multiple private letter ruling requests from every region across the country. With so many requests there is potential for disparate treatment of taxpayers with identical or similar circumstances. Further, since the letter ruling requests would come due to a triggering event (release from United Nations Security Counsel restrictions and International Monetary Fund restrictions), it is likely that many (if not most) of the letter ruling requests would be considered by different Service offices at the same time. None of the Service offices considering the letter ruling requests would have the advantage of the other offices' rulings to assist in providing a uniform response to the public. 3.03 Consistency (a) Type of Transaction It is in the interests of sound tax administration to have similar activities treated similarly across the various parts of the code that relate to them. Exchange gains and losses are typically similar to (and reported as) interest income for section 988 transactions. Exchange gains and losses under section 988 are typically realized either 1) as business units in foreign jurisdictions use the currency to operate or 2) as investment vehicles are purchased and sold (either denominated in or with reference to a nonfunctional currency). In either of these circumstances, the exchange gains and losses are ancillary to the income generation activity. This is analogous to interest earned on funds held in a US bank account because interest earnings on the cash are ancillary to the purposes for which the cash is being applied. In the instant case, however, earnings on the currency are not ancillary to other business activity. The currency is the investment. Therefore, the currency no longer reflects the nature of interest but is more analogous to securities purchased and held with the specific intent to profit on speculated appreciation thereon. In this circumstance, a country's currency becomes analogous to shares of stock in that country's value on the open market. (B ) Charitable Planning Potential inconsistencies are quite a bit more apparent when applied to charitable planning. The more I dwelt on the topic, the more I realized that to have guidance that could be applied consistently across the code, it would be necessary to address some of the issues that arise when applied to charitable planning. It may be important to note that at least ninety percent (90%) of the people I have counseled regarding currency speculation income are planning on some type of charitable gifting and a large portion of those are planning on using structured charitable gifting tools. It is important to keep the charitable gifting implications in mind because whatever guidance the Service gives in regards to taxation will most likely have an affect on treatment of charitable gifts as well. (1) Current Process Typically when a charity receives a gift of nonfunctional currency, they do not look at it either as tangible personal property or capital gains property. Following the logic of Revenue Ruling 69-63, charities view currency without numismatic value simply as cash. In the case of a gift of cash, the charity simply issues a receipt for the cash donation based on the exchange rates on the date of receipt. This seems to be an appropriate procedure that is in keeping with the Service's guidance and rulings. However, when gifting appreciated currency through charitable gifting tools, problems start to appear. To review these problems let us examine the result of each of the three ways that the nonfunctional currency may be viewed when placed in a charitable remainder trust (CRT). (2) Cash (Potential for Abuse) If the nonfunctional currency is considered to be cash by the CRT, placing the appreciated “cash” into the CRT would have the effect of qualifying the entire gift as principle and eliminating all of the gains. Therefore, any time a CRT would be required to return a portion of the original gift, the Trustee or administrator would report it as a return of principle. The potential for abuse is obvious. Example: Assume B purchases Swiss francs for $100,000 and they have now appreciated to $400,000. B sets up a CRT with a term of two years and a 45% payment each year which would leave a little over 10% for charity (including growth at the discount rate). In two years B would receive a little over $360,000 from the CRT. Almost all of this would have been improperly characterized as return of principle. This would have the effect of avoiding almost all federal and state income taxes by gifting ten percent (10%) to your favorite charity. Though it is appropriate, following the logic of Rev. Rul. 69-63, to allow a full deduction based on the cash actually going to charity, it is apparent that it is inappropriate to continue to ignore the potential income in any gift of foreign cash to a CRT, Charitable Gift Annuity (CGA), or similar planning tool. In my research I have enlisted the help of charities and charitable trust administrators as well as other professionals. One charity I spoke with would have followed what is typical among charities and treated the appreciated nonfunctional currency as a cash gift until I spoke with them about the dangers of doing so in a circumstance where the appreciation is high. After further research and eventually contacting their national support organization, this charity determined that, to avoid the potential for being accused of fraud, they would have to “list” the currency received as they would any other property and take basis into account while figuring the nature of any gains upon exchange of the “property” and thereby retain the gains. The charity was not certain, however, what the appropriate nature of the gains would be. (3) Tangible Personal Property Revenue ruling 69-63 rightly points out that currency that has numismatic value ceases to be classified as cash and becomes Tangible Personal Property with basis and value completely separated from the exchange rate of the currency. However, currency with no numismatic value retains its nature as cash and is not appropriately classified as tangible personal property. The question then remains. How will gains in the currency exchange be treated when gifted to charitable planning instruments? (4) Capital Gains If it is not appropriate to classify currency with no numismatic value as tangible personal property and continuing to treat currency as principle in a gift could lead to the non-recognition of large amounts of gains. It seems that the only appropriate place to capture the gains would be as a Capital Gains property of some sort. In order to promote sound tax administration, there must be consistency. To provide consistency there must be correlation between how appreciated cash is treated for income tax purposes and for charitable gifting purposes. Part IV The recommended guidance can be drafted in a manner that will enable taxpayers to easily understand and apply the guidance Once the Service makes a determination on the nature of the transaction and appropriate tax treatment, the results should be able to be simply stated with an example or examples on point. Part V The recommended guidance involves regulations that are outmoded, ineffective, insufficient or excessively burdensome and that should be modified, streamlined, expanded, or repealed The point of this section is dealt with in the subsection 3.01 Clarity of the Part III. The code and regulations are unclear. Further, the need for multiple letter rulings would create an undue burden on the Service to answer the questions of the nature of the tax individually. Additionally, the way charitable gifts using charitable planning tools has historically dealt with currency has now been shown to be insufficient and additional regulation must be promulgated. Historically there has not been a time where large numbers of taxpayers owned foreign currency as an investment vehicle. However, since the time of the speculators in the Kuwaiti currency, that number has been steadily growing. Now there is a need to address issues dealing with investment in physical nonfunctional currency directly and clearly. Part VI The Service can administer the recommended guidance on a uniform basis 6.01 Differences in Character of Transaction The dinar has been acquired in many ways. While many speculators have obtained dinar through a currency exchange house, many (perhaps even most) of the people who will profit from any significant move in the value of these currencies have received currency as a gift from a speculator. Others have received nonfunctional currency while working oversees and upon returning to the United States have determined to hold the currency instead of immediately exchanging it. The first speculator I became aware of had a telephone conversation with me. I learned that he gifted Iraqi dinar to at least six individuals on the day of our conversation. In my conversations with speculators, I have found that is an oft repeated scenario. In an effort to share with friends, family, and neighbors, most of the speculators I have spoken with have either already gifted currency to others or have plans to do so. In fact, on their internet boards, gifting is often discussed and speculators encourage one another to gift while the value of the currency is low to avoid gift tax consequences. For every taxpayer who has actively speculated on nonfunctional currency, there may be several more who have received currency by gift. Whether this distinction is important will depend upon the Service’s determination of the application of section 988(e)(3) with regards to the interpretation of the phrase, “expenses properly allocable to such transaction meet the requirements of” section 212 or section 162. If the Service will try to capture subjective intent, these circumstances will make that determination all the more difficult. 6.02 Potential for Disparity If the Service's interpretation of the purpose of 988(e)(3), which qualifies the definition of “personal transaction,” is to capture the intent behind the transaction, it would seem correct that those who speculated on the dinar had to pay taxes as standard section 988 ordinary income while those who received the dinar as gifts are able to claim capital gains treatment under the “personal transaction” exception found in section 988(e)(2). However, that is too simplistic. Those who hold or continue to hold currency that they received either as a gift or in the course of their work in a foreign country may develop the same investment intent as those who obtained a nonfunctional currency as an investment vehicle from the start. Conversely, one who has had investment intent may turn to charitable intent over a part of their funds. It seems inadvisable to use section 988(e)(3) in such a way as to capture the intent of the taxpayer. To do so requires taxation based on what is foreseeable or theoretical instead of what has actually occurred. To do so would require not only the ability to measure an individual's subjective intent, but to determine different appropriate times at which the intent should be measured. This attempt would lead to apparent, if not real, disparate treatment among similarly situated taxpayers. For uniform treatment of taxpayers it is essential that the Service give guidance which allows an objective measure that is applicable to all circumstances of an individual taxpayer speculating on foreign currency that may be applied regardless of any argument as to the intent of the individual based on evidentiary facts and circumstances surrounding the acquisition, reason for acquisition, length of time the currency was held, or the reason for holding the currency. 6.03 Necessity for Quantitative Measure One gentleman I communicated with, who was working in Iraq at the time, had 1,500,000 dinar in his residence in Iraq for living expenses, 20,000,000 dinar located in the United States, and 5,000,000 dinar in electronic bank accounts in two Iraqi banks. Is it appropriate for the Service to attempt to determine what his intent was behind each dinar he obtained? Evaluating intent would be impossible without some sort of quantitative measure. However, by the very nature of its use, currency is impossible to track for the purposes of devising that measure. If uniformity is sought in tax administration, it seems that section 988(e)(3) must refer to a measurable event in relation to section 212 or 162. It must be a measurable event that is easily ascertainable. Part VII The recommended guidance reduces controversy and lessens the burden on taxpayers or the Service Currently there is a schism between currency speculators as to how they will pay taxes. Some are convinced they will be required to pay taxes as ordinary income. Others are equally convinced that they will be paying capital gains rates. The one thing that most agree on is that once the money comes in, they will have to seek professional guidance to be sure. The problem, as stated initially, is that the professional community is divided in its opinions about the nature of the taxes. This will lead to one group of professionals advising their clients to pay capital gains and another group of professionals telling their clients that they must pay ordinary income. A section of each group will seek Service approval of their plans through requests for private letter rulings. Without a clear statement from the Service about how the nature of the tax is to be determined, it will have to be decided after the fact, on an individual basis, through private letter rulings, audits, litigation. This type of controversy may be avoided by appropriate guidance to taxpayers and the professional community. Part VIII Suggested Solution This recommendation for guidance has discussed three potential interpretations of the phrase in Section 988(e)(3) “expenses properly allocable to such transaction meet the requirements of” in relation to Sections 212 or 162. They are either 1) any possible, foreseeable expenses could be allocable, 2) Actual expenses incurred have been allocated (deduction claimed), or 3) Actual expenses have been incurred which could be allocated but may not have been. 8.01 Foreseeable Expenses are Allocable It is not in the interests of sound tax administration to tax someone based on what is subjective, foreseeable, or potential. It would be extremely burdensome, if not impossible, to measure what is foreseeable. Further, using this measure would require the ability to divine subjective intent and require the ability to specify a period in time for which the intent must be measured. The arbitrary nature of any such attempt would lead to much controversy and create a large burden on the Service and on the taxpayer. 8.02 Actual Expenses have been Allocated Given the need for clarity, consistency, and uniformity, it seems that the most appropriate course would be to interpret section 988 (e)(3) as meaning that if there have been deductions taken under section 212 or section 162 relating to a currency transaction on an individual's tax return(s) either in that year or prior years, then the individual is barred from claiming a “Personal Transaction” as defined in section 988(e)(2). Otherwise, an individual making an exchange of nonfunctional currency has a personal transaction under section 988(e)(2) and is allowed capital gains treatment for any gains above $200 and is disallowed any losses. This interpretation is measurable, simple to understand, consistent with the application of the code, may be uniformly applied, and would take very minimal drafting of supporting regulations. However, this solution would lead to the potential for a currency speculator who has taken deductions to simply amend a return or returns to remove those deductions and obtain more favorable treatment of their gains. This retrospective ability to manipulate returns to gain the greatest advantage is not within the realm of sound tax administration policy. 8.03 Actual Expenses have been incurred, may be allocable, and qualify for deduction under section 212 or 162 A way to keep the good points of the above solution without having the problem of amending returns based on comparative value (deduction vs. different tax nature) would be to interpret the language as meaning that any expenses actually incurred are of such nature that a deduction under section 212 or 162 could be obtained by the individual due to the nature of the expense and the nature of the transaction. Following this methodology, a deduction applied for and allowed is evidence that section 988(e)(3) applies and excepts the transaction from capital gains treatment. Any amendment after the fact would not change the fact of the deduction being available (whether or not taken). This solution seems to be in keeping with both the spirit and letter of the law and supporting regulations. It would still have the advantages of being objectively measurable and have uniform application just as though the solution in the above subsection (8.02) were to be used. 8.04 Consistent Application to Charitable Planning To avoid abuses of the tax code (whether intentional or unintentional), instructions must be given that it is inappropriate for stewards of charitable planning instruments to simply give a receipt for a cash donation when receiving nonfunctional currency. There is potential for profit built into any gift of nonfunctional currency and it is essential that the charitable entity to maintain the nature of the underlying transaction in accounting for any profit realized. If the disposition of the nonfunctional currency qualifies as a “Personal Transaction” under 988(e)(2), the currency is to be viewed as a capital gains property which would apply both for purposes of capturing the nature of income given to the lifetime beneficiary of a planning instrument as well as supporting the nature of any deduction allowable for a charitable gift. This would allow for the gift passing to the charity to maintain the nature of a cash gift and be completely deductible as historically viewed by the Service while still preserving gains for any significant appreciation of the cash that the Grantor gifts to a charitable remainder trust, charitable gift annuity, or other similar planning instrument. 8.05 Conclusion Using the simple measurable solutions laid out in subsections 8.03 and 8.04 of this document would allow simple drafting of regulations, would make the application of 988(e)(3) clear, would be consistent across the code, could be uniformly applied and would minimize the burden both on the Service and on the taxpayer. It is the only solution that I see that meets the requirements of sound tax administration while maintaining the law as written.

DECISION MATRIX AND MODEL (Iraqi Dinar 2011) The following information is compiled from many, many hours of research. I have taken what some of you have found and quoted on this site and researched it in depth. I have been looking for several indicators in an attempt to come up with a knowledgeable model to be applied to the idealism of Revaluation not only in this instance but for the future as well. The significance of this model would be that it is based on historical fact as opposed to speculative analysis alone. I first noticed Iraq Dinar market fluctuation during the closures of the Central Bank of Iraq (CBI) this past Christmas and I attempted to start mapping a trend type chart or program starting at this point and moving backwards. The CBI was closed for the holidays from Dec. 23rd thru January 3rd. CBI remained closed for several weeks after this scheduled closure in an attempt to create a shortage, however, According to the CBI this attempt only created about a 20% increased demand for the currency. In my evaluation this did not create any new demand and I can find nowhere that indicates it did. The only claim of increase was from the CBI alone. With this reported increase you would think the CBI would have held out a little longer however, if you look at the record provided by CBI the 20% increased demand did not touch the overall volume of sales and this classic supply and demand sales tactic back-fired as the lost revenue from sales versus the demand for Dinar increase was so out of proportion had they continued to hold out they would have lost the bank. I learned two very important things in this tiny piece of the puzzle. First you can’t believe anything being generated by the CBI. And it is impossible to work this scenario in as a trend or chart, let alone backwards. So we are now starting with the plummet of the Iraqi Dinar. This will be the beginning of the point by point model that I believe can be used in the future to determine whether or not we would want to get involved in another one of these types of investments but more importantly, when we should get involved in this type of investment. On August 6th 1990 the United Nations Security Council (Resolution 661) announced economic sanctions and it was those sanctions that plunged the value of their Dinar from $3.22 to as low as 1/4000 of a cent. It always remained a local currency, of course, but one could not spend it in any other country, since no bank would take it in exchange for another type of currency. I believe this is where the clear differences in the Iraqi Dinar and the Kuwaiti Dinar Revaluation begin. http://peace.mennolink.org/articles/iraqsancthist.html These sanctions truly have teeth. What I mean by this is that before anything can happen as far as economic and eco-sociological changes, the sanctions must be lifted. How do you get a sanction lifted? Under normal circumstances the United Nations provides a list of “must completes”. If the sanctified Country complies, the compliance is reviewed and the sanctions are lifted. Are the sanctions lifted in Iraq? The United Nations lifted all sanctions on the 15th December 2010 allowing Iraq to make monumental moves towards the rebuilding of their Country. Also noted is the fact that the oil for food (OFF) program will end on June 30th 2011 the end of Iraq’s fiscal year. http://www.bbc.co.uk/news/world-middle-east-12004115 On May 12 2003, Brookings’s reported the following in regards to Iraq’s oil reserves “Over the past several months, news organizations and experts have regularly cited Department of Energy (DOE) Energy Information Administration (EIA) figures claiming that the territory of Iraq contains over 112 billion barrels (bbl) of proven reserves—oil that has been definitively discovered and is expected to be economically producible. In addition, since Iraq is the least explored of the oil-rich countries, there have been numerous claims of huge undiscovered reserves there as well—oil thought to exist, and expected to become economically recoverable—to the tune of hundreds of billions of barrels. The respected Petroleum Economist Magazine estimates that there may be as many as 200 bbl of oil in Iraq; the Federation of American Scientists estimates 215 bbl; a study by the Council on Foreign Relations and the James A. Baker III Institute at Rice University claimed that Iraq has 220 bbl of undiscovered oil; and another study by the Center for Global Energy Studies and Petrolog & Associates offered an even more optimistic estimate of 300 bbl—a number that would give Iraq reserves greater even than those of Saudi Arabia.” Iraq’s oil has fueled and will continue to fuel the importance of its successful transition and recovery to emerge as an active player in the World Market. Iraq has produced very limited oil throughout this historic transition, pursuant to the United Nations Security Councils program (Oil For Food), to a semblance of modern Democracy. With the lifting of the sanctions on Iraq, we can expect the large volume production of oil in the very near future. http://www.brookings.edu/papers/2003/0512globalenvironment_luft.aspx Iraq has several other Natural Resources beyond their oil these include natural gas, sulfur, phosphates and hydroelectric development opportunities. Provided the Country can keep the political system together this initial currency investment will produce a fraction of what an investment in the Country itself will produce. Iraq’s resources are both abundant and for the most part untapped. http://www.indexmundi.com/iraq/natural_resources.html Iraq made application to the World Trade Organization on 30 September 2004, this began the long journey toward their acceptance into the WTO. For obvious reasons Iraq could not be a member at this time if not for the UN sanctions alone. However, the process still requires a Countries application so that the WTO can produce a “WTO punch list “ that goes hand in hand with the demands of sanctification produced by the UNSC. 13th of December 2004, The first working party was established. On 16 September 2005 the first Memorandum of intent was issued. On 28 November 2006 Question and Replies forum was held. On 25 May 2007 the first working party meeting was held. On 2 April 2008, another working party forum was held. On 8 December 2008 the first of required documentation for section a, accession (a-f) was filed and on 8 February 2008 documentation for sections a,d,e,f. Documentation for section c. has been received but is not yet posted on the WTO Accession page. Iraq is currently in Negotiations with WTO in the offered goods portion of the membership. In recent news article the following was stated and it clearly shows that Iraq is an observing member of the WTO now and desires full membership. The director of economic relations in the Federal Trade ministry said on Monday that” his ministry backed the World Trade Organization (WTO)’s decision to enter into a third round of negotiations over granting Iraq permanent membership. Hashem Hatem told AKnews that Iraq is working to a well-prepared plan to raise its status from observing member to permanent member of the WTO without affecting the country’s internal economic situation.” http://www.wto.org/english/thewto_e/acc_e/a1_iraq_e.htm http://www.iraq-businessnews.com/2011/02/01/iraq-seeks-permanent-membership-of-wto/ Iraq has an adaptation of the old Parliamentary government with a Democracy twist. The transition from the traditional Dictatorship to this type of government is very difficult. Add this to the fact that the Country is ready to implode and has been for since its existence the process takes even longer and is straining to the limit at best. What seems to happen is that the will of the people shine through the worst adversity provided the majority wants some semblance of personal freedom. Once freedom has been tasted it is a very difficult thing to forget. I believe that World interests are vested in seeing this Country make it. For that reason the ultra conservative or the hesitant need not ponder as I believe their opportunity for fortune will be here and gone before a decision to invest is rendered. This is truly fly by the seat of your pants investing, however, we are going over a very strong list of indicators that makes not only your currency investment solid, but also paves the road for some long term high yield plays. I am not going to include any links to qualify this portion of the analysis, as it is obvious that this portion is more than confirmed. Note: I am in no way qualified nor am I attempting to give investment or financial advise of any kind. I am simply sharing with you my conclusion of research I have performed in hopes of making some sense out of the Revaluation experience. At a time when nongovernmental economic establishments called for expediting approving of the next year’s (2011) budget and cutting down the operational expenditures to reach the lowest rate of deficit, Othman al-Juhayshi, member of the Iraqi parliament for the Al-Iraqiya list, said that the political blocs have agreed at the meeting held last Saturday to complete the formation of the parliamentary committees and authorize the Financial Committee to study the budget for next year to approve it within the next few weeks after the blessed Id al-Adha. The Iraqi Finance Ministry has already announced that it worked out the budget for next year at $86.4 billion, which is more by $14 billion than the current budget. A statement by the Economic Media Center, a copy of which was obtained by Asharq Al-Awsat, said that “at a time when the Center welcomes the convening of the Council of Representatives, the next task that it is supposed to shoulder is to expedite the formation of its committees to carry out their missions, including the Economic Committee which shoulders the responsibility of studying the general budget and working out the suggested amendments to its articles, which have become necessary to be discussed and approved to avoid the delay that is taking place in the budget of last year, in addition to making it binding for the Finance Minister to prepare a closing balance after each fiscal year to show the size of the financial transactions and the volume of the real expenditures and the mechanisms for offsetting the budget deficit, which are right mechanisms that should be followed in accurately working out the budget to estimate the deficit in a real and objective way.” It added: While the Center urges the Council of Representatives to quickly approve the budget, it is at the same time calling for further scrutinizing the articles of the operational spending and to trying to cut down the operational expenditures in a manner that does not have an impact on the state general performance in order to reach the lowest possible budget deficit in light of the advance announcement about the possibility that the budget deficit may reach about 18 trillion dinars (more than $15 billion) this year in spite of the expectation of a rise in Iraq’s oil exports, and subsequently, a growth in the revenues from oil sales. In earlier statements, Fadil Nabi, undersecretary of the Finance Ministry, said that his country “has suggested a budget for next year by $86.4 billion.” Nabi added that “Iraq has submitted an initial draft budget for 2011 at 102 trillion dinars ($86.3 billion)” assuming that the international price of oil is $70 per barrel. Iraq depends on its oil revenues to finance about 95 percent of its budget. Iraq, an OPEC member state, signed agreements with international oil companies that may increase its output capacity within 6-7 years to 12 million barrels a day from the current 2.5 million barrels a day, which would make it a competitor of Saudi Arabia, the largest crude producer in the world. According to the assurances of the Finance Ministry’s undersecretary “the budget is currently at the Council of Ministers and will be sent to the parliament after the formation of its committees.” For his part, Dr Othman al-Juhayshi, the deputy for the Al-Iraqiya list, told Asharq Al-Awsat that “the budget of next year should have been approved one month before now, but the delay in the parliamentary sessions and the crisis of forming the government prevented this. As all know, approving the budget requires enough study by the Financial Committee to amend, add, and delete [whatever is necessary] and then it should be subjected for the first and second readings at the Council of Representatives before a vote takes place on it. These articles certainly require time, and this is what the new parliament does not have.” He disclosed that “all the [political] blocs have agreed at the last session on the need for expediting the formation of the committees after Id al-Adha, and to send a message from the Council of Representatives to the government to ask it to submit the budget to the parliament to approve it. Hence, the budget is one of our priorities at present in light of its importance and to prevent obstructing the government’s work in all that is related to the citizens, pointing out that delaying approving the budget of 2011 has taken place due to the problems between the blocs because the elections were about to be held. The government became a care taker government, and the delay has negatively affected all state institutions, and we do not want to repeat this again.” The parliament last January approved the 2010 budget at $72.4 with a deficit by $19.6 assuming that the oil price is $62.50 per barrel. For his part Mazhar Muhammad Saleh, expert of the Iraqi Central Bank, said in a statement to Asharq Al-Awsat that “the issue of estimating Iraq’s budget for next year is a very complicated issue and depends on several scenarios, including the daily anticipations, such as the rates at the financial markets and the oil markets, and the international expectations for the next stage was between $80-85 per barrel within the framework of OPEC market. In Iraq, the price is lower by $7 than the expectations for the international market.” He said that “Iraq’s budget mainly depends on oil sales, which means that it has one source, and last year it was expected to sell 2.15 million barrel a day, and the current output is still low and below 2 million barrel for several reasons that deal with exports, transportation lines, and others.” On the anticipated figures in the budget of next year, Salih said: “There are two articles in the budget, which are the operational and investment allocations, and hence, we should think of how much can we reduce the first and increase the second for the purposes of development and investments in particular. We have expected a growth rate by 9.4 percent, which is an ambitious rate that is close to that of China.” The current government is facing a wave of criticism because it has not submitted its closing accounts of the government budgets since 2005 and until now, and there are demands to refer the issue to the monitoring and judicial quarters because these accounts should have been discussed and approved by the parliament. The Electricity Ministry demanded allocating a sum of 7 trillion and 806 billion dinars ($6.7 billion) from the budget of next year to cover the spending on its projects in the field of developing the electricity sector, which were approved by the government. This was announced by Musab Siri al-Mudarris, the official spokesman for the ministry, who added that the Ministry of Planning has proposed allocating 5 trillion, 266 billion, and 650 million Iraqi dinars ($4.5 billion) as an investment budget for the Ministry of Electricity, and considered it a large budget compared with the previous years. He stressed that these funds are not enough to achieve the investment projects of the ministry, pointing out that there are funds that are due to be paid by the ministry within the framework of the projects that have implemented this year and the previous years, including 2 trillion and 925 billion dinars from the treasury; therefore, they should be returned to the state treasury next year, and the ministry is bound to pay other funds that will be due in 2011. “ Iraq is not spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, U.S. auditors told Congress on Tuesday.” http://www.msnbc.msn.com/id/23578542/ http://iraqdailytimes.com/iraqs-2011-budget/ Iraq has a solid Financial base infrastructure in place. Although Central Bank of Iraq is difficult to pin down in regards to accurate information they are in fact a going concern. The Bank of Baghdad has recently signed an agreement to partner with Citi Bank. If we are looking at the banking industry in Iraq for solidity in the beginning of a new Iraq it doesn’t get any better than this. http://www.cbi.iq/ http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/169718/reftab/36/t/Citi-Bank-of-Baghdad-announce-tie-up/Default.aspx With the United States of America at the top of the list as foreign investors it assures us that we will more likely than not prevail in this initial investment. The US has gone so far as to hire a private law firm to assist Iraq with claims against them for debt owed under the old Hussein Regime. The United Kingdom is also vested in the new Iraq. There are many more but I feel these to super powers more than suffice as the indicator needed to make solid decisions. Couple that with the former Presidents involvement and I really don’t need anymore. I am having a difficult time establishing solid proof that Mr. Bush was in Iraq in March 2011. I have however included the link establishing Mr. Bush in Iraq last October. In that article it becomes clear that he is there, taking care of his interests via Halliburton Inc. where former Vice President **** Cheney is still seated as Vice Chairman. http://articlesofinterest-kelley.blogspot.com/2010/10/george-w-bush-in-kuwait-on-wednesday.html My evaluation of an investment in foreign currency Revaluation 1. When did the Currency Devalue and what was its value prior to the Devalue? 2. Are there United Nations Security Counsel Sanctions? If so how long have they been in place and when are they up for a review to be lifted? 3. What is the Country’s Gross National Product and are they producing? If no is the answer, what is stopping them? If yes is the answer, are they growing. 4. What is the Country’s Natural Resource situation, dependent on others, co-dependent, or independent? 5. Is the Country trading on the World Market? Are they Members of the World Trade Organization? If not, have they completed an application for Membership? 6. What political system is in use? Parliamentary, Democracy, Dictatorship and so on? Is it solid? If not, where in the particular respected Governments process, is it? 7. Is the Country operating under a budget? If so how long has it been in place? If not when is one anticipated. 8. What’s the Countries Financial Infrastructure look like? Banks in play? 9. What Countries are involved? What significant investors are involved? 10. What is the anticipated return on the investment? Is the projected return consistent with the historical examples found in other Countries Returns on this investment seem to be indicative of the past Revaluations I have historically researched. I believe that the Iraq Dinar must revalue at its original 3.22 USD to 1 IQD plus regional inflation and cost of living. Here is how I came to this rate. Historically no devalued currency falling into the Iraq scenario has ever revalued less than it’s worth prior to the devaluation. As a matter of fact no currency that I can find has ever, in this scenario, come in at the old rate prior to devalue, but rather it has revalued at a higher rate. Take this information and couple it with some speculative factors to include the following. The Iraqi people had money in the bank when this devalue of their currency occurred. Do we really think that the Iraqi people would accept a loss? I do not. I see them rioting in the streets, a complete chaotic cue. No Iraq must bring the value to the currency back the original rate at the very least. Lastly consider the amounts of oil that Iraq has. They will be bringing this oil to market. This said, the Iraqi currency must have parity with the rest of the Oil producing Nations. There will be global market disruptions and turmoil. To attempt to bring Iraq forward with anything other than consistent competitive pricing just simply will not happen. To do this would be irresponsible and again it just wont happen. Expect a rate consistent with the rest of the top producing oil Countries. CONCLUSION The Iraq Dinar is a once in a lifetime opportunity to achieve financial freedom. With this simple but historically factual model, coupled with reasonable speculation, you can easily draw a clear picture of the outcome of this incredible opportunity. In laying the model next to the Kuwaiti Revaluation you will find that if you remove the UN sanctions from this scenario the RV’s time lines are synonymous, This being said get ready for the official announcement very, very soon and understand clearly that the RV we have all been waiting for is not a one day event but rather is a process that began when the UN Sanctions were lifted. That’s right the RV is in progress….. We are waiting for it to finalize. Your investment is already in play. I want to be the first to congratulate you on your success. God bless all of you. “Quietlearner” Monday, June 20, 2011

I'M SORRY, BUT WHAT IS YOUR POINT HERE??? Another happy sign at the side of the road that we're travelling. Read xxxgator's comment. And cheer the f up.

The people that acknowledge all past press releases from the CBI, telegraphing their intentions to RD for the past 3 years are simply putting stock in the facts before them. The ones that use the word LOP to describe a RD have been programmed by the Pumpers to never accept that the most common treatment in economics for restoring value; a RD, as a possibility . The Pumpers merely gave it a nasty name to prevent folks from learning about re denomination. A RD will eventually be followed by a RV. There is serious room for growth in the Dinar. 300 to 500 % before taxes would not be unreasonable to expect The Dinar to grow in the next three years. I can't get that kind of return on any other legal investment, and really plan on being around for a few more years. It's not over, until it is over - anything can happen. What we are seeing has all appearances of a RD within Iraq. How the UST handles cash in for Dinar in the US has been even less clearly defined. Who taught people to call a redenomination a LOP? That is the question, and the explanation, when it finally surfaces, should be very revealing. It will not LOP, ROT, FESTER, INFECT, SEPTIC ( Insert your choice for most negative connotation HERE) But, all appearances point to a high probability of the RD that Shabibi has been telegraphing for years... Quite the contrary, it will remove the traces of past inflation, restore purchasing power, and place them in a position to greatly advance their economic standing.. BTW, it's an RD. LOP is a pumper term to keep you from understanding what a RD is.

i posted this on the other article from yesterday... BondLadys comments on DV concerning fresh's article 6/22/11 i hope yall dont mind me interjecting my thoughts here i discussed this article in your chat room yesterday ....my theory is that shabs got tired of waiting for them to quit fighting and set the gov, so he came right on out because inflation is eating them up...and said hes ready for the next step and the final step rests with in the house of reps, but he says in a week to 10 days hes gonna unleash the lower denominations into the iraq economy...he says its not gonna change inflation its not gonna help the economy its not gonna change the rate, because the house has yet to pass the documents the laws per say to increase the rate imo because there all waiting for a complete gov to be formed to move on to this stage...so shabs got tired of waiting an hes sayin all these thing wrong with the economy the rate and the 000 its not the cbi fault weve been ready and whether the gov is ready or not were gonna release the ld's within a week to 10 days....now.......by doin this it has or will IMO force the gov to sit move on pass the bill because if they dont....with the people already upset theve waited a yr and a half for a gov a better life and better living conditions ...thru it all theve depended on shabibis words about realeasing a new currency that would be worth something an increase there buying power an give them a better life....now shabs bein very smart just thru the glove down to the goi and said whatever happens at this point on is on u and not the cbi were ready to realese the ld's if u dont set a rate by passing the bill of the new rates then the demonstrations and this is imo will be worse than they can imagine they will be millons of people flood the streets because they will have to carry a ton of pretty but worthless currency just to buy a coke they will be burning this extremly expencive currency in the streets by the boat loads as they will not understand...all theyll know is its gonna make them carry a lot more to buy what they need at 1170 so this move by the very smart shabibi just may make them quit screwin around an get the show on the road for fear of what the people will do if they dont have a new rate when they release this....any ways its the way i see it hope im right and hope that helps...drops the mic an walks off BondLady

STOP WITH LOP TALK, LOP IS NOT EVEN A WORD USED IN THE BANKING AND FINANCIAL INDUSTRY. HOW WOULD REVALUING A 25000 Dinar Bill TO 25. HOW WOULD THAT STRENGTHEN THE CURRENCY...?

It makes sense to first make a dinar equal value with a dollar, it would truly simplify things for the unwashed masses in Iraq. Today it is 1000 dinars to the dollar. Make it 1 to 1 and start removing USD from the marketplace and only pay in dinar in lower denoms and it quickly becomes dominant. Then make a dinar worth slightly more than a dollar, and no one will want to be paid in dollars...A rapidly rising dinar would be seen as a hedge against inflation, while a dollar buying less and less would be rejected, especially by a people reclaiming their national pride, wanting independence from their American conquerors... Must my thoughts, as I entertain thoughts of my ROI after only being invested for 3 months!

I think he knows that when he speaks, he opens a big can of worms. Kinda like he did when he made bold claims about the IQD a few years ago. Then he does a huge 360 and the next thing you know, he tells us the FBI is protecting his family and DT is shutting down.. However,he will be able to cash us out if the RV hits at one of his satellite offices at a moments notice. Stinks worse than a fart from a 400 lb woman eating egg salad sandwiches. Oooof!

So I try to see a little humor in everything even when others are P.Oed. I hear everyone continue to say that we are a DV family so here is my analisys. I can only go off the folks Ive watched since I joined so if I leave someone out forgive me. Remember you can always pick your friends but you cant pick your family. Boy some familys sure have some real characters! So lets give Adam credit as the father of this family since he started this whole thing and is a quiet individual who only scolds or teaches when necassary. PVS is like the mother who keeps all of us in line and attempts to keep things tempered. Scooter and BangG are like the older brothers who left home while Im young and wish they wouldnt go because I have alot to learn still. Keepm you might qualify as the distant cousin who drives most of us crazy with your talk, even though we continue to listen because what you are saying is a logical possibility. Knight you actually remind me of my cigar smoking uncle. Most of the women on here are way to pleasent to be one of my sisters so you all must be the sweet aunts we all have. As for me, one reason Im in Alaska is because its as far as I could go to hibernate from my family, so Ill just hang out like a little brother and watch the madness and only pipe in on occasion. Feel free to add who you see here in your family.

.86-1.30 is HUGE! and a dream come true! i wouldnt complain one bit!!! Just do it already.

First: The 65 is easy? Anyone who says that obviously hasn't taken it. End of story. Second: I completely approve of the mods kicking this guy to the curb. I also approve of them kicking anyone else who even hints at supporting anyone who is causing drama at this point. Free speech is on a temporary suspension. The ban-hammers are swinging wildly. Smart members will watch where they stick their necks.

how about- currently worth sh... after the rv- certainly wealthy speculator cws

I'm running to the bank at .86 before they change their mind.

Central introduces new categories up to the equivalent of $ 100 23/06/2011 Restructuring of rates for the development of the payments system Baghdad morning Central Bank has decided, on Wednesday, the restructuring of the local currency in order to develop the payment system in the country. The adviser said the Bank of the appearance of Mohammed Saleh said that "the Iraqi Central Bank has decided to start the execution of the strategic long-term, specializes in the restructuring of the local currency for the development of the payments system of Iraq," explaining that "the bank will raise the level of the local currency and the development of new currencies of up to $ 100, which that will address the economic gap in the system of financial payments. " The news agency quoted the "Rn" Saleh as saying that "this project, which started its work gradually, need to support the government and Parliament, especially that it will hold purchasing power compared Palmdjulat economy." And demands that the International Monetary Fund Iraq a number of economic measures including the privatization of banks and raise three zeroes from the local currency and to meet debt and compensation is the responsibility of Iraq, if Iraq's desire to receive support the International Fund. http://translate.google.com/translate?hl=en&ie=UTF8&langpair=ar|en&rurl=www.google.com&u=http://www.alsabaah.com/default.aspx

[bondLady] hi all [smitty4rv] How is it going today? [bondLady] remember me [bondLady] hi smitten [texasspark] BondLady hey [bondLady] i brought u all some more good news today [bondLady] hi tex [tgar] gakman And Bush didnt say, this war will pay for itself. [crabman] howdy\ [texasspark] BondLady lets have it [DinarCowboy2] BondLady hi [mlay901] hey everyone [crabman] sock it to me [mlay901] Hi BondLady [bondLady] lol [DinarCowboy2] BondLady hit me!!! [texasspark] BondLady dont be coy [bondLady] i wanted to bring good things [Lacey] BondLady ur not intruding [mlay901] your always welcome here...whatcha got? [gakman] BondLady Welcome- thanks for stopping by. [bondLady] so i found out from my friend kaperoni just now [jimmycat] BondLady BondLady HELLO [bOBBY ROMERO] weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee [bondLady] maliki has won the majority vote thingy and allawi is pretty much out [bondLady] and maliki sets the 2 remaining ministers with whoever he wants now [bondLady] would u all like to see the whole article [DinarCowboy2] BondLady yes! [Old Constipate] that is bad for democracy but good for a quick RV [gakman] BondLady yes please [bondLady] they say its gonna be done complete in the next few days [bondLady] very big news so me an smitteroos wanted to share with u all [bondLady] ok give me a sec an ill paste it [DinarCowboy2] BondLady link, [bondLady] its kinda long but its very important [texasspark] BondLady anything to do with Alllawi health [bondLady] his health is fine hes worried about maliki snuffin him i imagine LOL [bondLady] ok brb [bondLady] moreIraq claims to clear security and resolving security minister 22/06/2011 20:30 Baghdad / Najaf, June 22 (Rn) - In light of the escalating rate of violence in the country in recent weeks, marked by the attacks and was described as "blood" have left dozens dead and wounded, mostly civilians, and sent some of the political blocs to appeal to the commander of the armed forces to conduct the process cleansing of the Ministries of Defense and Interior, as called to the fire by al-Maliki to choose the minister of security. The country has seen a spike in violence during the recent attacks, which affected the building of the Diyala province, and was preceded by the province of Salah al-Din, and not finally target the hous [bondLady] moreIraq claims to clear security and resolving security minister 22/06/2011 20:30 Baghdad / Najaf, June 22 (Rn) - In light of the escalating rate of violence in the country in recent weeks, marked by the attacks and was described as "blood" have left dozens dead and wounded, mostly civilians, and sent some of the political blocs to appeal to the commander of the armed forces to conduct the process cleansing of the Ministries of Defense and Interior, as called to the fire by al-Maliki to choose the minister of security. The country has seen a spike in violence during the recent attacks, which affected the building of the Diyala province, and was preceded by the province of Salah al-Din, and not finally target the hous [bondLady] target the house the Governor of Diwaniya car Melgmtin and attacks by car bomb in different parts of the capital, Baghdad. National Dialogue bloc led by Deputy Prime Minister Saleh al-Mutlaq emphasized the need that is being cleared for security services to the ministries of defense and interior in order to keep the bad elements of the security institutions. http://translate.google.com/translate?hl=en&prev=/search%3Fq%3D%25D8%25A7%25D9%2584%25D8%25A8%25D9%2586%25D9%2583%2B%25D8%25A7%25D9%2584%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2%25D9%258A%2B%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582%25D9%258A%26start%3D10%26hl%3Den%26sa%3DN%26rls%3Dcom.microsoft:en-us:IE-Address%26rlz%3D1I7RNSN_en%26biw%3D1263%26bih%3D651%26prmd%3Divns&rurl=translate.google.com&sl=ar&u=http://www.aknews.com/ar/aknews/4/248038/ [bondLady] security institutions. The leader of the bloc Hamid al-Mutlaq told the Kurdish news agency (Rn), The "The security services infiltrated by some bad elements that prove their involvement in the violence, either through inefficiency or actual participation." said Mutlaq, said that "the political blocs responsible for the deteriorating security situation and the violations taking place in Iraqi cities by the internal conflict as well as the existence of covers political some people from the perpetrators of violence. [bubbie] there it is [bOBBY ROMERO] and [DinarCowboy2] bubbie yep, you rock man [bondLady] He added that "all political blocs post killing Iraqis by the lack of agreement between them or by concealing and covering up the insurgents sometimes." revealed to the Commission on Security and Defense Council of the Iraqi Parliament earlier in the day (Rn) , announced that it will be presented during the next few days, a report on the security situation and the level of the possibilities of the security forces, [bondLady] the Presidency of the Council of Representatives, in conjunction with the approaching date for the withdrawal of U.S. troops from Iraq by the end of the year. coincides security tension with the survival of the security ministries vacant and are nurtured by Maliki and the agency because of the lack reach the political blocs to agree on names put forward. and MP of the Iraqi National Alliance Amar Tohme the need to change the leadership of intelligence and the development work and accelerate the resolution of naming ministers of security to end the repeated security breaches in the country. He told (Rn) that "many of the investigations proved that Some of the terrorist operations carried out from people who used the covers formal facilitated them to implement their crimes, [bondLady] "stressing the need to" activate the follow-up field and to inform the leaders of the security on the ground to implement the procedures and vocabulary of security plans and evaluated for appropriate adjustments to meet the changing methods and messages of terrorist diverse. " turn, criticized the Iraqi bloc white led by Hassan Al-Alawi slowdown in resolving the issue of cabinet security, calling to give the Prime Minister to nominate the occupants of these ministries. A member of the bloc Aziz Mayahi in a statement received (Rn) a copy of it [mlay901] keep going BondLady...I like to read it in chat sometimes [bondLady] that "a shame cause the political pressure to delay resolution of the most important ministries sovereign Iraq, which is still Square hot Atkhalo of security breaches for years, "adding that" it is unfortunate that pays the price for this delay the Iraqi people who shed the blood of his sons every day Bmfajkhat terrorism and weapons seals. " He pointed out that "it became necessary to give the prime minister full powers named minister of security to be able to bear responsibility in the future for his choice of his ministers and any security violations may occur in the future. " He said, "The file was stalling [bubbie] imo security is as good as done! [bondLady] and procrastination has become alarmed people, in the absence of speedy resolution of this file, there will be directions to a majority government instead of the national partnership" . These developments come security while increasing controversy in Iraq over the extended stay of U.S. troops after the due date for its withdrawal at the end of this year, amid doubts about the readiness of Iraqi forces to fill the void. Under the agreement signed between Washington and Baghdad in 2008 that it should withdraw all the forces of the United States of all land and waters and airspace of Iraq at the end of this year. The U.S. military has completed its tasks combat in Iraq at the end of August / August, and kept on about 47 thousand soldiers of the functions of training and the assignment of Iraqi forces. from Haidar Ibrahim, Salah al-Khuzaie, the Open: Abdullah Sabri [bondLady] [bondLady] if any of u post that please give kaperoni & georgiaboy credit for finding it [bondLady] id appreciate that [joy1716] BondLady +Thanks so much for your sharing. would lve to know how to get on your site. thanks [bubbie] BondLady ty!! [bondLady] its awsome news dontcha think [bondLady] it pretty much said [bOBBY ROMERO] BondLady u go friend [bondLady] that allawi is basically out [steveh12] comon RV [joy1716] BondLady pleas come back and visit thanks [yodamom] chopper2245 good news I think [angelsunaware] BondLady I didn't see that part? does it say that in the article and I missed it??? [texasspark] BondLady who has the final word [chopper2245] yodamom yes ma'am i beleave it is [gakman] BondLady In your opinion,do weed a seated GOI for an RV? [bondLady] the article says this [bondLady] let me grab the paragraph [texasspark] UN ........meeting is getting underway [bondLady] they wouldnt be doin a majority gov if allawi was in [joy1716] angelsunaware read the article that bondlady noted [bondLady] so im assumin hes out LOL [bondLady] but u know what they say about people who assume things LOL [bondLady] stressing the need to" activate the follow-up field and to inform the leaders of the security on the ground to implement the procedures and vocabulary of security plans and evaluated for appropriate adjustments to meet the changing methods and messages of terrorist diverse. " turn, criticized the Iraqi bloc white led by Hassan Al-Alawi slowdown in resolving the issue of cabinet security, calling to give the Prime Minister to nominate the occupants of these ministries. A member of the bloc Aziz Mayahi in a statement received (Rn) a copy of it, that "a shame cause the political pressure to delay resolution of the most important ministries sovereign Iraq, which is still Square hot Atkhalo of security breaches for years, "adding that" it is unfortunate that pays the price for this delay the Iraqi people who shed the blood of his sons every day Bmfajkhat terrorism and weapons seals. " He pointed out that "it became necessary to give the prime minister full powers named minister of security to be able to bear respo [bondLady] "it became necessary to give the prime minister full powers named minister of security to be able to bear responsibility in the future for his choice of his ministers and any security violations may occur in the future. " He said, "The file was stalling [smitty4rv] chopper2245 i will soon [chopper2245] smitty4rv thanks [bondLady] and procrastination has become alarmed people, in the absence of speedy resolution of this file, there will be directions to a majority government instead of the national partnership" . These developments come security while increasing controversy in Iraq over the extended stay of U.S. troops after the due date for its withdrawal at the end of this year, amid doubts about the readiness of Iraqi forces to fill the void. Under the agreement signed between Washington and Baghdad in 2008 that it should withdraw all the forces of the United States of all land and waters and airspace of Iraq at the end of this year. The U.S. military has completed its tasks combat in Iraq at the end of August / August, and kept on about 47 thousand soldiers of the functions of training and the assignment of Iraqi forces. [bondLady] MP of the Iraqi National Alliance Amar Tohme the need to change the leadership of intelligence and the development work and accelerate the resolution of naming ministers of security to end the repeated security breaches in the country. He told (Rn) that "many of the investigations proved that Some of the terrorist operations carried out from people who used the covers formal facilitated them to implement their crimes, "stressing the need to" activate the follow-up field and to inform the leaders of the security on the ground to implement the procedures and vocabulary of security plans and evaluated for appropriate adjustments to meet the changing methods and messages of terrorist diverse. [bondLady] anywhos [bondLady] it does say they will form a majority gov [bondLady] and not the 1 of national partnership as they wanted [bondLady] but due to absentees [bondLady] they didnt have a choice basically as security breaches are huge right now [bondLady] an there tired of gov officals bein snuffed out daily [bondLady] there card might be next [bondLady] so we should see the gov in a day or 2 [bondLady] so we should see the gov in a day or 2 [texasspark] BondLady cross your fingers [steveh12] and an RV? [bondLady] an shabibi gave them a week to 10 days to get it together as hes releasing the lower denominations [winchell99] BondLady Any news about today's UNSC meeting? [bondLady] so good things im sure about to happen for every one IMO [steveh12] Wwwhhoooooooo hhhhooooooooooooooo [bondLady] not yet win sorry [yodamom] BondLady this has been in the wind for about a week hasn't it [clkelle] does parliament have to take any action before rv bondlady, arn't they meeting again on the 28th [bondLady] so shabs time puts us between the 28th to the 30th for the release of the ld's if not sooner [angelsunaware] Well glory to God and Hallelujah! Thanks for sharing BondLady [winchell99] BondLady Well, thanks a bunch for all the other good news! [joy1716] BondLady thank you thank you [bOBBY ROMERO] BondLady welll,u have my attention my friend..ill be rooting for ya.. [bondLady] an if the goi an parl lets the ld's be released with out a new rate there will be IMO heck to pay from the iraqi citizens [angelsunaware] BondLady mine too [winchell99] BondLady We does Ch. 7 stamd now? [bOBBY ROMERO] BondLady big time too!!! [bondLady] hope it did it sure did it for me [bondLady] [gakman] BOBBY ROMERO Switch to Jamieson Irish!! or Dom Pergnon!!! [dinardough] bondlady We needed some cheering up...and YOU DID IT [winchell99] BondLady Sure did. Thanks! [bondLady] ch 7 should be resolved by the 30th if not sooner imo [bOBBY ROMERO] BondLady i luve bond [angelsunaware] BondLady It did for me!! [clkelle] please summerize bondlady, just on [joy1716] BondLady Please come back anytime you can and make our day. Love your news and yes you made our day thanks [R2d2dc] BondLady, alway look forward to your posts, just got online, but thrilled to see you here!! Thank you!! [yodamom] BOBBY ROMERO me too but don't drink beer just the good stuff [bOBBY ROMERO] BondLady wait [bondLady] well ty bobby [gakman] BondLady Viagra is not needed in this room- since about 10 minutes ago! [clkelle] we want you bondlady [Doug_W] BondLady I tried to find U after U were here ystrday but was not succesful will you please PM or Y IM me how to find U? [bondLady] maliki gets to name the remainder ministers [bondLady] majority vote [bondLady] allawi dont get a say any more in the ministers [clkelle] does parliament have to be in session for majority vote [bOBBY ROMERO] bond... in germany [bondLady] he didnt think it was important to show up for the meetings imo [bondLady] good enuff?lol [bondLady] ty all very much were all in this together [bOBBY ROMERO] yall check this out [gakman] Standing ovation for b lady!! [bondLady] ok [bOBBY ROMERO] BondLady BondLady BondLady http://www.youtube.com/w ··· -4D8Bnas [bondLady] huh [bondLady] im on u-tube now? [bondLady] jeese [bondLady] they got me up on dinar guru site too ugg im so not a guru ugg ugg ugg [bondLady] o heck bobby [bondLady] i thot that was me [bondLady] i was bored 1 day [bOBBY ROMERO] hehehe [bondLady] and i googled my bondlady name [bondLady] an omg omg omg [joy1716] BondLady just throw down the mike on dinar gurelol [bondLady] theres like 50 pages of me [bOBBY ROMERO] ha ha [bondLady] i was like omg omg omg [joy1716] BondLady BondLady we love you here [bondLady] couldnt believe it im nobody [bOBBY ROMERO] andrie [bondLady] just some 1 who researches [winchell99] BondLady have you seen Scooter around lately? [angelsunaware] BondLady you're somebody now!!! [clkelle] BondLady are you scooter with another name, [gold miner] BondLady hey bl [texasspark] BondLady I wonder what Adams take on this tonight will be??? [bondLady] no but i know where hes been hangin for a hot min [bondLady] hi gm [winchell99] BondLady awwww. can you tell us? [bondLady] couldnt even begin to say tex sorry [bondLady] i dont wanna disrespect the rules or the house [bondLady] understand? [dinardough] bondlady Please tell Scooter we miss him [clkelle] BondLady any speculation on rv rate [bondLady] if i talk to him i sure will [winchell99] BondLady yes, I do. [texasspark] BondLady they arent necessary.........we have some pretty good bloodhounds in here [bOBBY ROMERO] BondLady [bondLady] clk i never do a date an rate other than 1170 6/22/11 [bondLady] sorry [angelsunaware] BondLady did you see the article today about CBI ready to implement the raising of the 000's? [bOBBY ROMERO] the only other sites i know of that got any credibilit too [clkelle] lol, thats what scooter says [bondLady] made a lot of comments on that thread also [joy1716] BondLady tell him I miss him and mods that left especially Mr. Rich [bondLady] in your forum [bondLady] also the one article from yesterday and also todays [bondLady] i will joy [bondLady] i really dont have much time with my forum and my work [bondLady] but i know some 1 thats in here [angelsunaware] BondLady it just confirms the CBI article from today [bondLady] and they told me you all was bummed out [bOBBY ROMERO] theres no bs here on the dinr factor [turbulent44] change it to a threeum or twoum and you would have more time [texasspark] Nothing going on at the UN.......other than the typical Self Admiration Soceity of Do Gooders!! [bOBBY ROMERO] period [bondLady] an i wanted to come give u good tidings [bondLady] an let u all know u have nothing to be bummed out about and every thing to be positve about [bOBBY ROMERO] BondLady i think ur intel is true to beliefe [bondLady] maliki won [Linda Bower] the election? [angelsunaware] smitty4rv thanks! [bondLady] he can now set the 2 ministers he wants [R2d2dc] Thanks, smitty4rv [bondLady] its no longer allawis decision [smitty4rv] angelsunaware R2d2dc yw [dinardough] I think Maliki and Shabs will git r done [bondLady] they are gonna form a majority [angelsunaware] BondLady makin us do back flips!! [Doug_W] BondLady ty ty ty :0 [bondLady] [richgirl] Bobby romero what happened? [bOBBY ROMERO] richgirl getting rich! [bondLady] theres the read given to me by kaperoni & georgiaboy [bondLady] they deserves the credit [bondLady] obedi is the other minister still [joy1716] some one said a while back this would be posted [bondLady] but this will be over in a couple of days as far as formin the government IMO [sisterbreen] BondLady does this mean we r going to rv this month for real [bondLady] sorry sister i dont do rates or dates [bOBBY ROMERO] [bondLady] but huge things are happenin [bondLady] i dont do rumors or intel either [bondLady] yes shabibi threw down the glove on the goi [R2d2dc] BondLady, but you do Great research [bondLady] an thats what there now doin imo [kim67] BondLady is that what the article referred to that you posted link for? [bondLady] kim the article says maliki will get his majority gov an he gets to pick his own ministers [bondLady] well ill get outta here an quit disrupting your chat room [bondLady] hope u all are excited with this news as well as the cbi news [clkelle] BondLady you can bump us anytime yuou want [bondLady] its awsome time for us and above all else the iraqi citizens [bondLady] this rv is for them [R2d2dc] BondLady, Thank you and we look forward to all of your information always [clkelle] i'll feel better once it happens [bondLady] we were just lucky enough and thx to pres bush to be riding on there shirt tails [clkelle] please come back anytime [R2d2dc] don't forget the mic [bondLady] drops the mic and walks off [smitty4rv] lol [clkelle] she droped the mic [R2d2dc] so cool [kcw] lol [bondLady] [clkelle] splash [bondLady] see yall on the flip side [bOBBY ROMERO] [bondLady] have a great day every one [bondLady] happy trails [kcw] BondLady you too and thank you [bondLady] ba bye [bOBBY ROMERO] BondLady when can we see u again?? [2sisters] Doug_W do a google translate [bondLady] my pleasure [Lacey] BondLady Later:)

Is it just me, or do others of you remember that last week and the week before a lot of the "Gurus" were saying RV is done just waiting to see it and that they were giving people vouchers and you could cash in in Iraq but not leave with the money till it goes global, and now a bunch of the same "gurus" are saying we are looking good for it to RV before June 30th. How can they be waiting for the RV to take place before June 30th if it already took place and we are just waiting for it to go global? Does that make sense? No it does not make sense. the only way that we can say it does make sense is to say the "Gurus" are full of it. Now that we know who not to believe, how do we get real information about the RV?

merrf....You have posted 1,837 post on here and you can't see that this might be a good thing?????????????

My point is, what exactly do you think triggers such a policy and hiring?Certainly not the infinite number of new millionares we are hearing about daily on the news.1000 new special bankers to handle special accounts is 20 new employees per state, if evenly distributed .Sounds Like they are expecting an in flux of clients that are un-refined in investment and will need professional help... Unless there is some national need that smee thinks this is for i have not a clue other than rv. expectation.Maybe to many commmoner's are making money in oil/comoddities/forex? Doubt that jmo

makes you think.The economy is on a downturn again.American middle class disapeering at an alarming rate and yet they foresee the need for 1000 personal bankers for future wealthy clients..? good find !!!!!! RV on the way

I DONT KNOW IF WE OUR THERE-----I HOPE SO---BUT I CANT GO BY WHAT THEY ARE SAYING----WILL HAFT TO SEE WHAT HAPPENS IN THE NEXT 8 DAYS

I would have to agree this really doesn't put to bed the possibility of a redenomination.....when it speaks of local currency, they are just referring to the dinar, because it is their local currency and I'm sure they want to be specific about what currency since the USD is preferred over there because of its purchasing power....it doesn't make any sense for a change to ONLY happen in country for a currency but everywhere else its going to have a different outcome.....what happens to one set of bills happens to them all even if its inside the country or abroad.....

This article does NOT put to bed the LOP possibility......it doesn't say anything specifically!

One of my coworkers has a cousin in Baghdad who holds 5mil dinar and follows the dinar sites. Of the 2 locals he spoke with today who saw this TV program, neither heard him state the currency would increase in value this month......

i'd take a dime at this point.... and like it!!! One investments leads to another and another and another......

Keepm, I design houses for very wealthy clients who, even though children are starving in Africa they are more concerned whether their friends will like the tassel fringe on their silk pillows. I'm not a divorce attorney, but I have actually had clients get divorced in the middle of projects. Marriage counselor is among one of the many hats I have to wear.

I love this guy, he is standing up for what he feels is right, he may be a little stupid, but none the less I like him. He has the balls to try and make a statement while the rest of you harp on him for saying what he believes is true, don't read it if you don't like it but grow some balls and try to make a statement that you believe is the truth, and see how you feel when every one rips on you.

honestly we all know its gonna RV its justa matter of when and how much. As, for your story i appreciate it but honestly like he said a LOP could happen imho it won't!!!1 this is one man's opinion. We shall soon see.

Exactly.....Im not the one with the dirty mind.....I play COD alot (which is a shooter on PS3) and it has to do with that.....I keep them walkin funny cause they are always trying to dodge my bullets.... Ditto!! Me and scoots are buds....and I dont have a problem with Phoenix either.....just sounds like someone trying to stir up more BS for some personal reason....I dont openly attack people.....unless attacked first....otherwise, I just bluntly say whats on my mind.... if anyone left because of me, well that sounds like a personal problem.....this site does have the ignore button....and if you can let someones thoughts drive you that crazy, then its def time for a break!!

i used to go into greater depth on things, but i now find it pointless because of all the negativity. you raise the zeros and not the value in iraqs situation. plus the way they are talking is in past tense like it has been implemented already. it should become public knowledge in the next week or so.

My apologies, I did not mean to state that ALL of the people here on DV were takers and free loaders; just the ones with the big mouths. There are a lot of people that are still here that I like very much. HD