Leaderboard

If they end up stopping the pay for our military or hold up the social security checks for our seniors then they should also stop all paychecks for members of Congress, House of Representatives and the White House. If we as a nation are unable to fund our military personnel and seniors then we shouldn't fund our lawmakers until they start earning their pay and take care of this deficit mess they have created. Raising the debt ceiling is not the solution. Cutting the overspending is the solution.

i was looking around the net. I came across this from the IMF website found it interesting so i thought id share. According to the IMF Classification of Exchange Rate Arrangements and Monitary Policy Frameworks document, Iraq is a de juris (by law) Regime presently in a de facto (by fact) Arrangement! The de juris Rate according to the IMF = $3.22. Therefore, an RI would be back to the legal Rate of $3.22 link http://www.imf.org/e...ng/1204.htm////

Then just pass them right on by, its easier to do that then the time you took to actually post....

I have not been on the net to check some news, but I am pretty sure of sources. 98% sure we will not see a RV before Ramadan. A strong week for Iraq, but that would take a big f'n crowbar to make happen. GOI is fully functional. Yes 1 Temp. Prob a few articles by now, just have not had chance to check. Third reading of HCL done. Have no confirmation of a vote. Iraq was not out of Chapter 7, to the last of my knowledge, but could be done this week. I would think HCL, and Chapter 7 might get done this week. 80%. There are many influential people in Iraq, that are not usual players. I wish I could elaborate but I cant. Just my opinion. 11 Bravo

My friend just got back from Iraq and said they are using our USD more than their own IQD. Then he said thY there are only 1k,5k,10k,25k,and 100 k notes. That's it he said bagdad is being blown up daily. That's about it just thought I would let you all know. Wow I can't even post what is really going on and get negatives. Thanks all.

CNN. Broadcasting On Red Alert From Starbux. We're Drinkin' Red Eyes After A Weekend Bender. 7-25-2011 Guru 8ball Maliki was in paraliment...to tell them to change the salaries within 72 hours. So 72 hours places some pressure on Monday, Tuesday. We have the debt ceiling…date, Maliki’s 72 hours, Chinese entering the silver market Friday, lots of pressure. we are just in the home stretch on this thing. CBI is even saying...the value of the dinar will change 7-25-2011 Newhound Guru Bondlady iraq wants to go international so bad...we've seen them for the last 3 days...talk about the coins, teaching people about the atms, new iraqi money about to be released, how to have bank accounts. the news has told us what they are doing and offers us the best info available. i stress asbsolutly no one and i mean NO ONE will know the rv date nor rate. imo we are lookin really good for any day now. 7-25-2011 Newshound Guru Bondlady tarriffs and a rv would seem to go hand in hand. these 2 things right here taxes and the raising of 000, the release of the lower denoms, there had to be a rate increase to support these taxes. 7-24-2011 Guru asdf The news has been fantastic coming out of Iraq. This may be a stellar week, we may see the official announcement of the vote and the institution of the HCL, we may see them officially removed from Chapter 7 sanctions and a high, high, high probablilty we will see the artificial program rate dropped, and the true exchange rate implemented and made international. Can it happen tomorrow, sure it can, will it, I have no idea, the whole world is anticipating this.

Hey Guys - My wife and I decided to have a vote. We got the kids on the phone and we all agreed that we would raise our family's debt ceiling (credit limit) to 3 trillion dollars. We will now be informing the banks that it is OK to lend us that much money... (wouldn't you like to do that too... just like the crooks you sent to Washington???) OK, yes that is humor... but imagine what we are talking about. DEBT is at the BOTTOM of the barrel and WEALTH is at the TOP. So why do we let these politico morons re- define and teach us a vocabulary that is counter-intuitive and counter-reality? How the hell can you have a debt ceiling...? It is a debt floor, is it not? Debt is Bad and Wealth is Good...... RIGHT? These politicos and their bought-and-paid-for Media have us all excited about the fact that our government is about to mortgage our great-great-great grandchildren's labors to pay for our grandparent's generation's bills!!! Think about that! PLEASE. Where is YOUR benefit from this stupidity. NONE. ZERO. NADA. Instead you have lost jobs, foreclosures and a devalued dollar that makes a loaf of bread cost what a dinner out for 4 was just 50 years ago. When will this insanity stop? When will you say this game is over? When will you take back what is yours and send the Texas Drunks and Kenyan Birthers ALL packing - together? I say we start a new space program tomorrow. We launch manned ships to all the other planets with only politicians as crew. Fuel and food for a one-way trip. After all, if they are so damned brilliant, they can talk their way out of starvation and radiation poisoning and come back and have the last laugh... OR NOT. Please. Somebody tell me that they get this.... I'm on my roof with a short rope. TY gg

Yes, I am ! Best country on the face of the earth, bar none !!

I wonder what he means by "European Forex". This seems like BS to me. I am constantly keeping up with EUR, GBP, CHF and other European currencies in my trading. If this really hit over there as he claims, other currencies would have reacted AND it would have been all over forex boards and trading rooms. I call BS until I see proof.

"reasons to change the iraqi currency was the result of inflation happening in iraq as well as to improve the value of the iraqi currency" short meaning rv. "it will contribute in supporting the iraqi dinars value in financial trading" the short of it is, become tradeable and have value. once again states rv. to me this article has major sense of urgency, cbi is waiting just like we are....

i agree from time to time, i dont like answering questions, there always the same negative question, they get tiring. your guy jmw...look at his posts they are all lop posts, why does he come here? seriously, to waste his and others time? all they say is m1-m2 how can they cover it. they are forgetting that when the release new-smaller notes there has to be a new rate, or it defeats the purpose of carrying less cash. it gets tiring...............

*grammar

Unless I've missed something ... only half a cup of coffee ... and those of you that know me ... know not to trust me with that little caffeine in me ... lol ... I don't see $3.22 anywhere! IF that is so then you've taken some liberties here. If memory serves Saddam (pre-war of course ... not December 31, 2004) was insisting that the Saddam/Swiss printed Iraqi Dinar were worth $3.22 but everyone else recognized it as $.86 and below (depending on the timing of your search) when the Tomahawk missiles were launched. HOWEVER, I saw this web page years ago. I have been looking for it and asking everyone for the URL to re-read for at least 10 months. So THANK YOU for the excellent find. I didn't remember that it was an IMF post. For the "come out low and then increase steadily" crowd ... this lists the possible mechanisms. For the "beat the Forex whales" crowd ... this lists that mechanism as well. Etc. Again, nice find. If I missed the $3.22 number forgive me ... ya' gotta circle it or highlight it for me when I'm caffeine deficient. There is a possibility your premise is correct ... this just isn't irrefutable proof (for the reasons that I stated). Post the de juris rate (of $3.22) from an IMF source and you've got your premise nailed. We will have to see what the "clown show" does though! Peace Doc31

I'm ready to catch the firestorm, so here goes.... (NO LINKS!) It's why I posted in RUMORS! Just got a call from a friend that is a computer guru, he does a lot of work for banks and insurance firms around the country. He asked did I know anything about the dinar? He was not one I have told about my investment. He stated it was Iraq currency, I told him I had heard a little bit about it, and it sounded like a crazy investment to me, the guy is kinda an ass, and didn't know if he was baiting me. He went on to ask me did I know anything about the process of pinging. ( I know a little bit, but didn't let him know.) He went on to tell me it is a test process on the computer system that happens when a currency is about to change in its value. I replied yes? And? He said well... they have been pinging the dinar at a revaluation of between $3.88 and $4.32. I said it's just probably a systems test. He said it usually means more than a test. He then for a friend of ours # who does investments. I gave it to him, and he stated I ought to really consider looking into it. Hmmmmm..... Just an odd call maybe, just tests maybe... interesting none the less

The Possum is for comic relief ONLY........ Please keep your hands and feet inside and your safety belt fastened until the ride comes to a complete STOP...THANK YOU!

Surprised at the appearance of the central bank adviser Mohammed Saleh, "deciding to delay a project to change the currency of Iraq by the executive and legislative branches," stressing that "the project will come out of economic problems and conflicts in Iraq." He attributed the benefit of "reasons to change the Iraqi currency was the result of inflation happening in Iraq as well as to improve the value of the Iraqi currency," calling "the government to speed up the Iraqi currency to the feminine and re-structure to facilitate cash transactions and projects." He stressed "the need for feminine Iraq because the Iraqi currency has today [30] trillion Iraqi dinars." He explained "with the growth of the economy will grow this money, and therefore these figures are enriching the same rights and the same property, while the figures will be Mrhqh, and commensurate with, or facilitate the creation of a monetary reform facilitator and easy." And put on the timing of the coin, and whether it will precede the process of removing the zeros between the benefit that "the coin will be within the structure of currency and within the existing project and will be the currency after deletion of zeros from the currency paper." He explained that "the end of the coin is to cover the transaction currency, considering the small groups of fast trading, especially as the age of the coin longer than cash, as well as that coin will be the proof of the strength of the Iraqi currency." Saleh called on to "encourage and support this step as it positively affect the Iraqi economy." And we are talking some time ago in the Iraqi media regarding the change of currency, and issuing a new currency, and is noted that there are changes will occur in the form of new Iraqi currency, including the removal of zeros, and the inclusion of the Kurdish language to the Arabic language in the currencies. The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives for a strategic plan that it will contribute in supporting the Iraqi dinar's value in financial trading. http://translate.goo...=www.alrayy.com

July 25th, 2011 08:57 am · Posted in CHATS & POSTS (Iraqi Dinar Info) [bondLady] Economic Committee in the House of Representatives with the Iraqi government responsible for obstructing activate the local production 25/07/2011 Bore the economic and investment commission in the Iraqi Council of Representatives on Thursday, the government responsible for blocking activation of local production through a law to stop the customs tariff, indicating that the freezing of the law opened the door to the popularity of foreign goods at the expense of locally manufactured goods. [bondLady] The Iraqi government issued the end of February a decision to apply the system of customs tariff on goods imported from the March / March, but returned later and decided to freeze the law for economic reasons. The first article in the first door of the Customs Act that contained Alkmarki fees are collected on imported goods according to ratios provided in the tables Aliھa tariff of customs duties and agricultural calendar attached Bھma law. [bondLady] Fees are charged conductor; ticket man on imported goods is contained in the agenda tariff of customs duties by not more than 20% of Qimitھa The Council of Ministers upon the proposal of the Federal Minister of Finance, be increased for the same reasons contained in the item is the increase of customs a temporary measure until the lifting of the causes of economic increase. A member of the Committee Mahma Khalil, “The government decided to cancel the paragraph 11 of the customs tariff law which stipulates that the law becomes effective after publication in the Official Gazette,” pointing out that “the application of the law will benefit the Iraqi economy.” [bondLady] Khalil said that “the law is not had a negative impact on GDP and not to activate the market locally, and the market has become a market for the disposal of Iraq’s neighboring countries, goods, and gross domestic product is not in vain.” Crowded Iraqi markets and foreign goods of different origins, especially from neighboring countries, often complain of local producers unable to compete with imported products. Iraq has been a significant decline in agriculture and industry as a result of long years of embargo and sanctions, in addition to that the consumption of imported goods dominated the local production after dumping the commodity in the market in various goods. [bondLady] Economists say that the reality of producing industrial projects in Iraq has dropped according to studies by 66% for the years before 2003 because of the flow of foreign goods to the markets of the country. They also emphasized that the factories in Iraq caused a decline in the disabled more than 13 thousand workers, which confused the government’s efforts to transform the Iraqi economy to a free market economy. According to reports by non-governmental organizations concerned with the economic aspect that Iraq has lost since the last four years more than $ 180 billion because of its reliance on imported goods as a result of the decline in its domestic industry. http://alahwar-tv.com/pages/news.php?nid=7182'>http://alahwar-tv.com/pages/news.php?nid=7182 [bondLady] see there really tryin hard now to get the tarriff taxes going in all fields [bondLady] theve had a lot of problems tryin to enforce tarriffs [bondLady] because as weve talked about many times to start these taxes takes away from a already poor citizen who can barely make it now on the money they have [bondLady] let me get the next article [bondLady] to start the taxes before they give a new exchange rate to the iqd [bondLady] is and would harm the citizens very much imo [bondLady] and id think make them pretty mad [bondLady] Prime Minister announces near the application of tax law and customs tariff 25/07/2011 Prime Minister announced the close application of tax law and customs tariff to include primarily the goods and imported goods, which can be manufactured locally. As indicated to the exclusion of goods and goods in direct contact with the lives of citizens. The Economic Adviser to the Prime Minister Abdul Hussein Al-Anbuge that “the tax law and the law of customs tariffs is important and essential and will be applied soon,” adding that “the more goods direct contact with the life of the citizen and which are inputs to production as raw materials or semi-manufactured is exempt from tax.” The Anbuge that “the more goods that are subject to tax and high levels are items that can be manufactured locally, but stalled because of competition and dumping, which is practiced upon by the imported goods,” pointing out that “the tax law is the law of correction will help the industries and local products a lot.” The Iraqi government announced, in the 21 of February, they decided to suspend a law increasing taxes on goods and imported goods, which was expected to apply early last March, and noted that the law will be suspended [bondLady] until further notice. Before, and the Iraqi government that has issued, the end of the month of January, a decision to apply the system of customs tariff on imported goods, ranging from the month of February, as he emphasized a legal adviser to Prime Minister Nuri al-Maliki, that the government may slow down implementation of the resolution, fearing higher prices in local markets He explained that the decision needs to be legislation by the Council of Representatives. The first article in the first door of the Customs Act that contained Alkmarki fees are collected on imported goods in accordance with the ratios provided in the schedules of tariff of customs duties and agricultural calendar attached to this law. Fees are charged conductor; ticket man on imported goods is contained in the agenda tariff of customs duties by not more than 20% of its value and of the Council of Ministers upon the proposal of the Federal Minister of Finance, be increased for the same reasons contained in the item is the increase of customs a temporary measure until the lifting of the causes of economic increase. http://alahwar-tv.com/pa ··· news.php? [bondLady] so we knew the raiseing of the 000 from the iqd required ministral and house of reps signitures to empliment them [bondLady] so do these tarriffs as they will affect the economy and the citizens [bondLady] so it says maliki says they are near the application of these taxes [bondLady] this is huge too imo [bondLady] and i want to draw attention to this line from this article [bondLady] ***the same reasons contained in the item is the increase of customs a temporary measure until the lifting of the causes of economic increase.*** [bondLady] ***until the lifting*** [bondLady] ***of the causes*** [bondLady] ***of economic increase*** [bondLady] see that [bondLady] do we think there talkin about the raising of the 000 and makein it a economic increase [bondLady] so tarriffs and a rv would seem to go hand in hand [bondLady] ive always said and i trully believe that these 2 things right here taxes and the raising of 000 the release of the lowerdenoms [bondLady] that there had to be a rate increase to support these taxes [bondLady] and im really hopeing thats what this article is implying also because it does appear so so lets hope thats true and i do believe it is [bondLady] let me get the next one [bondLady] and they do have to be careful when u go to change the economy by makein the money worth more theres coruption any way but it always opens the door for more coruption [bondLady] so the cbi will be watching and makeing sure and im sure the gov will too [bondLady] to try an combat corpution with the crooks [bondLady] Money and finance the Iraqi economy: there is a risk of emergence of cases of corruption when you change currency 25/07/2011 U.S. Undersecretary of the Iraqi Ministry of Finance Central Bank of Iraq Egypt to change the Iraqi currency during the year, noting that there are risks that contribute to change the currency in the emergence of cases of corruption. He stated the Prophet said, “When you replace the currency in banks, as happened during previous times, more likely to tuck counterfeit currency between the ancient coins that are replaced with new ones, and this increases the risk of corruption cases. ” He noted that “the Iraqi Central Bank Egypt to replace the Iraqi currency of Iraq new currency.” and on the effects of changing the Iraqi currency, said the Prophet that ” change currency would not have any effects, and will be the value of the currency of modern same value of existing currency, as will the size of the current currency itself, and if the Iraqi dinar exchange rate against the U.S. dollar has in the past 120 000 dinars, compared to U.S. $ 100, the value will [bondLady] remain the same when you change currency, but some of them talk about the effects of receptor to change the currency on the economy of Iraq, and it is not clear at the present time. ” He pointed out that I was “for me, I carry the risk that there may be negative effects in the near future when you change the Iraqi currency, instead of having a positive impact result in the change process. ” He was adviser to the CBI the appearance of favor, said in an earlier statement (Rn) that “the Iraqi Central Bank has decided to start Ptnfbz program of strategic and long-term, to reorganize the Iraqi currency and the development of the financial system in the country.” According to central bank process of removing three zeroes from the local currency is a complex process and need to study the economic depth. He expressed the IMF in August / August, [bondLady] 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 reparations, which lies on the responsibility of Iraq. http://alahwar-tv.com/pages/news.php?nid=7218 [bondLady] so we see them agreeing with the IMF here [bondLady] i wonder if this is in some way telling us a date to begin this [bondLady] august? [bondLady] it would seem right to do this before ramadan and to go into effect in august [bondLady] no one knows and we will just have to wait and see [bondLady] but i thought it was interesting they included the imf and august in this article [bondLady] moveing on to the next one [bondLady] 07/25/2011 Economists analyze the causes of inflation Mohammad Karim: varied readings economists Iraqis regarding the reasons for the high rate of inflation, the basis for the month of June, which amounted to 6.4% according to a statement the Iraqi Central Bank’s measure indicators of inflation. In his analysis of the impact of high inflation on the economies of the ordinary citizen and the general situation of the domestic market, said a researcher at the Center for Economic Studies, University of Mustansiriya Star-Bayati, “The actions of the General Authority for Customs judge would impose tax on the entry of imported goods, especially consumer of the reason the foundation in the high index of prices and thus higher inflation.” [bondLady] The economic expert as Abdul Hadi Faazzo high rate of inflation to “Iqbal people obviously to buy food group, which has the greatest weight among the commodity groups, other consumer and stored in preparation for the holy month of Ramadan.” However, other economists believe that high inflation mainly to the level of 6.4% is not only a natural extension of the high index of global inflation as economic analyst points out that the beautiful name of “increasing global demand for food agricultural production declined significantly higher grain prices led to significantly raising the course of the rate of inflation.” [bondLady] For his part, said Professor of Economics at the University of Mustansiriya Abdul Rahman al-Mashhadani, “that Central Bank still relies in the measurement of inflation on the current prices of the basket of material goods in the market, which gives misleading results from the fact the level of inflation. ” With the consensus of economists that the rise recorded by the inflation index for the month of June “will expand the circle of damage to the economies of the citizen, especially of slides poor “, they stressed that this increase” is expected to increase as long as the ongoing Iraq depends almost entirely on the needs to cover import and continued to stop for the local productive sector. ” In clarification, it was said economic analyst Bassem Jamil that “the absence of economics course the government is clear after almost eight months of age of the current government” could lead to “the deteriorating situation of inflation day after day, even with continued assurances CBI judge that he is still under control. ” http://www.babnews.com/inp/view.asp?ID=42479 [bondLady] weve been following inflation pretty intently here on our site [bondLady] as weve known for a while how inflation is gonna play into all this [bondLady] and how shabs guards inflation and the stability of the iraq dinar [bondLady] and by not completing the government [bondLady] and other things included [bondLady] its caused the economy to stagnate and for inflation to go crazy [bondLady] of course the cbi is kinda downplaying it [bondLady] but inflation rises daily [bondLady] the cbi tried to curb some of this and the gov to by emplementing certain tarriff taxes [bondLady] but it was just a brief fix to curb inflation [bondLady] and it didnt last long [bondLady] imo shabbibi did it thinkin these clowns by buying them a little time to finish setting the government so they could pass all the important laws they need to as a complete goi [bondLady] such as these tarriffs and also the new laws reguarding the new lower denoms and the coins [bondLady] but it was only brief releif to the inflation crisis and now its climbing fast again if not faster [bondLady] now maliki is sayin there gonna be doing the total taxes soon very soon [bondLady] an that wont curb inflation at all itll make it rise unless they release the new money with a brand new rate to it [bondLady] that alone is imo all thats gonna curb inflation and stableise the dinar [bondLady] as both are not stable right now [bondLady] imo [bondLady] Expert: the return of the coin guide to control inflation Baghdad (news) .. peace was considered an expert economic Sumaisem work to re-coin evidence of controlling inflation, as well as to improve the value of the Iraqi currency. The central bank decided to introduce coins as part of his plan to restructure the currency, which requires government approval and the Council of Representatives for a strategic plan that it will contribute in supporting the Iraqi dinar’s value in financial trading. “ [bondLady] Said Sumaisem in a statement to correspondent Agency (news) on Sunday: The absence of coins in Iraq was caused by inflation, which occurred at the time of the country, so we export large groups did not, we can instrument a metal, the piece was collected in paper “explaining” the central bank’s decision to re- coin proof that there is no control on inflation with the benefit of the few groups even if the means of transport (Karwa ownership). She Sumaisem: Whenever there are small groups can be used in circulation means higher inflation become any plans that the structure of the currency moving properly, citing the need to encourage and support this step as it positively affect the Iraqi economy. He said the central bank to the project of coins in 2004 was not successful because it has not been as comprehensive reforms to support the financial value of the Iraqi dinar in the global market, saying that “coins are not the low currency, but will be of currencies important medium and used for trading banking simple trading domestic . Finished http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&twu=1&u=http://www.ikhnews.com/news_view_17002.html [bondLady] so i had been saying before [bondLady] they would have to release the coins [bondLady] when they started these taxes [bondLady] they would have to be able to make change [bondLady] say for instance [bondLady] tax on 1 dinar is say 5 cents but in iqd [bondLady] they need to dedollarise so would make absolutly no sence to me at all to use us coins [bondLady] it would imo confuse the heck out of them so they need there own coins fils they call them [bondLady] so tax for example say 5 cents on 1 iqd [bondLady] they need to be able to give the citizens back 95 cents but in iqd change [bondLady] see what im getting at? [bondLady] and if they were not going to raise the exchange rate theres absolutley no reason at all to release these coins [bondLady] or the lower denominations for that matter [bondLady] im sure the loppsters can find wrong in these theories they always do but common sense has to step in here [bondLady] what good would it do the economy to release these lowers into circulation without a new rate to them [bondLady] would it make the citizens want to rush there 000 notes back to the cbi? [bondLady] not imo they wouldnt they would believe there 000 were worth more than the lower currencys [bondLady] so there gonna be starting taxes and releasing the coins and the lower denominations [bondLady] we have no place left but to go up imo [bondLady] theres no way they can devalue the iqd [bondLady] it can only rise with the wealth of the country [bondLady] so imo we are lookin really good for any day now [bondLady] but again i stress there is asbsolutly no one and i mean NO ONE who will know the rv date nor rate [bondLady] so i hope ive yielded some encouraging words and hope u are as encouraged as i am when i read all of these articles today [bondLady] and weve seen them for the last 3 days as they talk about the coins [bondLady] the atms [bondLady] teaching people about atms new iraqi money about to be released [bondLady] how to have bank accounts [bondLady] articles all posted in my news section in the forum [bondLady] etrading [bondLady] iraq wants to go international so bad [bondLady] and we want them to also [bondLady] and hopefully soon they will [bondLady] i believe unami expires at the end of this month as well [bondLady] we have every thing to look forward to and be positive about [bondLady] i hope u all will stay away from the rumors and lean more to the news [bondLady] as the news has told us what they are doing and offers us the best info available [bondLady] ty all hope ive helped and hope ive been accurate [bondLady] drops the mic and walks off [deanwood] Dean runs over and picks up mic and does a little song and dance then runs behind the curtain.. where Bondlady gives him a congratulatory pat on the head…then we head home….. LINK

As the post just above about " ...Schwarzenneger could never be president" then, Obama SHOULD BE BROUGHT UP ON CHARGES OF HIGH TREASON!, for holding a post illegally! He then should be forcible removed and JAILED! :lol:under the law and put on trail.... and all of the laws he signed would be made null and VOID! [that includes the health care bill too.]

To be honest I kind of had a hard time understanding what you were trying to say. Between the all CAPS, misspelled words, and run on sentences I couldn't really follow. **I am not saying we all here should only worry about our spelling and grammar but it does help others especially when typing such a lengthy post. JMO. However, I will say that I am not a fan of Obama at all and these so called stimulus packages did not help our country. Barack Obama is just another politician who got elected by making empty promises. He and his regime did not help "Change" the USA for the better. That is a fact! Whether or not George W Bush "started it" is besides the point. You cannot spend your way out of debt no matter who you are, that is just common sense! That's my on the subject.

Couldn't have said it any better myself. I would just like to add the welfare and socialist programs for the lazy bastards who don't want to work to that list as well.

It's because they finally ticked off the wrong three letter agency by giving out intel they shouldn't have. By the way...this is a JOKE!!! The closest any of these clowns get to Intel is when they sit down at their computers and are within a foot of the processor.

Please provide a link to this information you are talking about. This is a bold statement to say about someone else, if you can't prove it becareful with such a statement in the open public.

Come on Dex, don't dis the pink pig.

I really do not think this hoop-la going on in DC has anything to do with RV jmo

Blaino, I hope you did not post and disappear, because I want you to know that you are more than likely pathological. I feel that you were alerted to the OP and you had to attempt to save face because you are pathological. Your retort post was so disingenuous that it reeks. Your attempt to cover up your deceit by bashing another is further evidence of your being pathological. You, like so many LA gang bangers, hide behind your so-called faith by using all the Christian euphemisms that make you sound like you really do believe and to me one more strand of evidence that you are pathological. You sir are nothing but a phony and a liar and I hope those people that you deceived come after you with a vengeance. And oh one other thing - Your use of $5.00 phrases and words leave me laughing. Who says the things you come up with? Here's to all your Dinar being counterfeit, DB.

Yes. Please don't call it a glitch. I am currently a software developer for a large corporation and worked for several years for Sony. People use the term "glitch" way too often. Code changes, patches or system related updates go through a change control process. Typically they are first loaded into a pre-production environment. They go through QA process, and eventually the change is loaded into the production environment. If the spiking was caused by a "glitch" because of the of code, I surmise that you would see issues with or currency comparisons. I have not heard of any. If this was a true code issue or patch issue, the developers would roll back to the prior version. This issue would still not be occurring for over a week. I believe the root cause is data related and possibly resides within the interface that provides yahoo with their numbers. This is meant to occur for whatever reason. I am not saying it's related to an RV but it's interesting that it only occurs when the IQD is being compared. I am very comfortable saying that this so called glitch is no glitch at all. Whatever the intent it's meant to be this way for now.

My copy paste does not work so I screen captured the chat: enjoy

JUST HEARD FROM A SOURCE THAT BLAINO, TERRY K AND OKIE BEING INVESTIGATED BY THE FBI FOR GOING SO-CALLED "INTEL" FOR PROFITS

We have a huge debt but it may not be what you think. The ceiling is a measly 14.2 trillion dollars! But that’s not the total. Try to wrap this around your brain: 54.9 trillion!!! And even that figure is not the total. Isn’t that a kicker. (USdebtclock.org) The U.S.A. is insolvent and there is no way we can create a budget that will pay for our stupidity. Default? We did that a long time ago and our government has gotten us into a deeper slavery to the lenders (bankers). The next step for government is devaluation through inflation and its on that downward spiral right now. Believe it or not, I want to pay taxes! The country needs taxes to take care to our protection, the infrastructure, and security of this nation. But I do not want the federal government to take it all. We depend on the government for everything and its getting worse. We pay lip service to saying that we are free, that we don’t want to be under a BIG government, yet at same time we cry our tears when the government doesn’t cater to our entitlements. I like my independence. I like being able and willing to share with those having a difficult time or need the opportunity to improve or have goals and interest that do not include wealth accumulation or Christian ministry. But I don’t like the government telling me how and when to spend the money I have. And, it’s funny in a way; I don’t feel taken advantage of when I am ask to give. I just think that God has used me to bless another person. Thing is, the government wants us to be dependent upon them. It is a means of control. When you create wealth for yourself and create an independence from entitlements it is harder for the government to control you. The RV of the dinar will give a great sense of independence to thousands of us. We want that and need that. Yet I dare say that within 2-5 years there will be some who have spent, gambled, or lost all or most of what they received from the RV of the IQD. Those that do lose it will be shouting from the housetop that the government did not have the laws in place to protect you and we should pass more laws! Those who have planned well and secured their dreams with sound investments and financial planning will do well and will continue to prosper. Nevertheless, there will be a concerted effort to remove the wealth and independence and “spread it around” in order to pacify those who lost it all. We can’t let that happen. I am praying that the RV of the IQD takes place quickly and that we are ready and prepared for it to happen.

Najaf, July 25, 2011 (AKnews) – confirms the French ambassador to Iraq, Denis Gauer said his country believes that Iraq has elements of several assisted in building a good economy, noting that France hopes to find Iraq’s position in the world, because everyone needs to Iraq refreshed Acasadia and quiet in the system the new Arab and stresses through the board Goyer following interview conducted by the correspondent and news agency Kurdistan (Rn) in Najaf, that his country is ready to help Iraq out of Chapter VII and assist in the rebuilding and reconstruction: * How do you consider France to the nature of its relations with Iraq after 2003? - President Sarkozy came to Baghdad in 2009, to confirm clearly that France would help Iraq to rebuild and to help and we have high confidence new Iraq, where he has many faces, so we believe that a number of factors help to build a good economy and we hope that Iraq finds its place in the world and we all need for Iraq economically robust and quiet in the new Arab system. * There are some situations raise the question as the French about the nature of the abuse of France with Iraq, such as lack of support for the decision to remove Iraq from Chapter VII and that of your country were not supportive of the change in 2003? - We are ready to help Iraq out of Chapter VII and to find its new location in the international arena, and France voted for the resolutions to remove Iraq from Chapter VII and abstained from the third because there are changes in the last minutes and we did not Ahly aware of changes and issues that have been settled, knowing that the only thing left Hobed differences between Kuwait and Iraq, and France were not unfavorable to change, but we consider the occupation of Iraq illegal operation on the basis of international law and this was recognized by the secretary of the United Nations, and the other side, we consider that this is not the way it wise to change even if it is found on the events that followed the process change and the daily reality of Iraq would have been difficult to find out in this area we are happy with what is happening in the Arab spring, where the Arab peoples that descended to the streets today to demand democracy and human rights, and bring down totalitarian regimes, but what is happening is not accompanied by any foreign intervention. Q: But your country has supported the rebels in Libya with weapons? - In all countries in a state shifts, such as Egypt, Libya, Yemen, Bahrain, Syria, we find that is the people who come down to the street without outside help, either the Libyan case, and support for the rebels there, it is true, but the international community to intervene because Gaddafi hit people That is why the United Nations voted on the resolution supporting military intervention in which this has been achieved, which is the only case in the events of the region, while the other Arab countries, it was the people are that decide its fate. * You support the development of commercial traffic between your country and Iraq and say it’s going in the right direction, France Are you looking for a new market here after the global economic crisis or is it a change in the Ssayastkm towards the countries of the Middle East? - President Sarkozy visited Iraq and said he was present to help Iraq and this means it helps you to get out of Chapter VII and by providing scholarships for young Iraqis to complete their studies in France, and also try to help in the areas of justice and other areas through the development of our cultural, and encourage French companies to come to Iraq To help in the reconstruction process and also specialty French companies fit the needs of Iraq in the evolution of new, and we have specialized companies, and the task in the field of oil, gas and electricity production, transport, metro, trains, water treatment, telecommunications, pharmaceutical, and food industries, and we believe that Iraqi cooperation French important in all these areas. * In light of what it takes to Iraq from internal and external challenges do you see how the future of your relationship with him? - Our hope is that there will be Iraq, economically vibrant and confident of himself, and Iraq is able to establish relations with its neighbors. * There are several consulates of France in Iraq Matabaah work? - We opened a consulate general in Erbil, and an honorary consulate in Nasiriyah, there are projects for the honorary consulate in Basra, and the consulates of this species Tazzalalaqat between the two countries. * What is the honorary consulate? - A person of Iraqi nationality, but not a diplomat, more precisely, a citizen representing the interests of France, and this makes it easier to come and the passage of French businessmen, typically expressed as the demands of Iraqi businessmen to French companies are channels of communication but it’s not diplomatic. What this resulted in your meeting with the Chamber of Commerce Najaf? - We have multiple connections with the former Najaf Chamber of Commerce and previously worked in the creation of the Commercial Arbitration Centre and we had an agreement with the Chamber of Commerce, and in particular about the attributes of the entry of Iraqi merchants to France, and hold a dialogue about the future projects of cooperation, especially with the French companies.

...and thank God Bush did it. Think where Israel would be today with our current President's attitude and actions toward them. With Iraq heading toward being another ally in the region, we're safer clearly than we would otherwise be. For as smart an individual as he is, Obama is really ignorant (or perhaps callous), regarding Israel and its importance to regional and by extension, world peace.

Archived Bovine Excrement From May 27, 2011 (My archived response to this vintage BS linked below): "Blaino Chat" May 27th, 2011 06:07 am 1:19 AM [blaino] Maliki has spoken. He has stated that today (there) the IQD will be restored to a value higher than before the occupation, and be a frontrunner among all currencies in the world. No rate or value was given. He alluded to it (rate) coming out today, Friday in Iraq. 1:19 AM [NCricket] where is merrymay and her depends…she was suppose to be selling them to the room……!!!!! 1:19 AM [nav] Awesome! 1:19 AM [little peg] mchappy OMG – panites lol 1:19 AM [dimples] cheerio lol 1:19 AM [ObieWan] Praise the Lord! 1:19 AM [Mustlovedogs] alluded to? 1:19 AM [dinarmaven] Thank you Lord 1:19 AM [mchappy] OMG!!! 1:19 AM [pcbguy] You have confirmed this Blaino 150% 1:19 AM [TWinTexas] Blaino OMG OMG OMG OMG…hard to believe that this could actually be true 1:19 AM [morocho007] woooohoooooooooo!!!!!!!!!!! 1:19 AM [wizkid3] Blaino Awesome! That’s a pretty bold statement 1:19 AM [dinarcurious] Whoo hooo!!!! MY resonse, May 27, 2011: I can tell you this, I am sick and damned tired the endless "G.E.T. Fraud" spam. Internet spammers have been arrested, indicted with Class B Felony Charges and sentenced for 20 + years for posting less spam than "G.E.T. Team & Co". If this is yet another "G.E.T. Fraud", I promise you that appropriate Law Enforcement Agencies will be well aware of the narcisstic "G.E.T. Fraud" psychopaths, their International Currency Spam, and their lengthy track record of preditory pathological Lies. 'Enough said'. P.S. I hope the Feds nail all you crooked sons of *******. Yes, it is true that people should be responsible enough not to recklessly hand over their hard earned money based on lies from internet currency spammers. The fact is that what people like Okie and you do is steal food and lunch money from innocent young children. Your preditory ilk makes me sick to my stomach. C'est La Vie!

Hope everyone is well. It has been a busy week, with some fantastic news coming out of Iraq. As always, take all information given in this post as mine. I take all responsibility for it. Things I have heard. I have been hearing that the GOI is fully functional at this time. Although 1 Minister is a Temp, the government can function as a complete government. I found 1 article that backed this statement, but somehow I lost the website. Sent link from work and cannot find it. The third reading of the Hydro Carbon Law has been completed, and we are ready for a vote. The complete Erbil agreement could be very close also. This article shows the Kurdish relationships, as a part of Iraq, as well as the relationships with neighboring countries. Notice the use of the word “stability”. Not just in any of these articles, but any articles you read in the near future. http://www.kurdishglobe.net/display-article.html?id=CEE58D697EDED7A13E1CDB159942B081 Countries are requesting the release of Iraq from chapter seven. China seems to be a new advocate of the lifting of the sanctions. Just so happens that they have a large oil contract. Iraq has always been able to sell oil, but proceeds were required to go to provide for the needs of the Iraqi people. What I am seeing now is a move towards mass production. IMO this level of production would require the removal of limitations of chapter seven. http://moneywatch.bnet.com/economic-news/news/iraqs-al-ahdab-oil-field-starts-production/6264129/ http://www.iraq-businessnews.com/2011/07/21/oil-ministry-recruits-1114-energy-workers/ http://www.iraq-businessnews.com/2011/07/20/uk-consultants-win-31m-iraqi-oil-refinery-deal/ I have not heard from friends in Iraq. Calls go to voicemail, and have not been returned. I wish I could validate any of these rumors, but they would be the ones that I would use for that. Things I know As of Saturday morning 0830 my time EST, there has been no RV. Do not buy into the hype yet. There are people that I talk with that think this could happen at anytime, I am still not one of them. As you all know I am never one to say it is done, and would need some real proof to make that kind of statement. The true excitement is that the things that I felt need to happen, are happening. I have always stated that the GOI would have to be seated. Well it is IMO, with one Temp, but a complete working model. Erbil agreement needs completed. I believe the HCL part to be done, or as good as. The complete agreement could be done within this coming week. Chapter seven sanctions lifted. I can’t prove this, but all signs point to this being done. Others around this and other sites are saying that all of this is a sign that we are at the end. I have always said the other key is a “Stable” Government. Please take notice of all articles that you read. See if you see more of an emphasis being made about the countries stability. Sometimes saying it can make it true if enough people believe it, or can get rich from it. I know people want this to happen right now. Some people need this to happen now. I have stated before 6-9 months from this point. The people that I know, that are looking for this to be done, are stating a value ranging from $0.85 to $1.10. They are under the impression that this would allow Iraq to be able to develop their infrastructure, and have the capital needed to make the upgrades needed to support their countries needs in the next year while they develop their country. At that point they would be in a position for the next RV. I don’t know if I buy into that. Last thing to address. I started Guru with a Guarantee as a rib (joke) full of sarcasm. I have never considered myself a “Guru”. Some people feel I do this for my ego, but that is not the case. My real job feeds my ego quite well, and believe me I do have an ego, we all do. Not to put down this site or people here, I would never use some social media web site to boost my ego. I am planning this as my last post under this title. If the title helps people find it, I will consider keeping the name. Your feedback is appreciated. It has been a long week for me, and I have not seen much of what has been said here, so I will be around. No post and run. I will reply as I am in and out through day. 11 Bravo

From CNN. Still Broadcasting On Red Alert From The Last Straw Lounge. Hey Bartender, Another Johnny Walker RED ! I (seeker) do not approve-condone the paysite 'Planet Dinar' or its ownership's actions Hello, Most of you know me as someone who believes that we should live our lives with honesty & integrity as our priorities <> I spent several months as the site administrator for Planet Dinar when it was a 'free site' - working 14-16hrs per day, 7 days a week building the site membership and serving the owner Blaine Fogel, 'Blainos' best interests <> I recently had a falling out with Blaino because he was rushing to convert to a paysite <> I did my best to negotiate with him to ensure that people who paid would be getting a fair deal <> when the new site was announced Blaino 'doubled' the cost we agreed on from $3.99 per month to $6.99 per month <> he claimed and I quote "the people will gladly pay it" <> afterwards He said to me and I quote "I will sleep with the devil to make it work" <> I knew then I was going to leave this site & soon! <> since opening his site and as of this writing, Blaino has made NO attempt to fulfill his promise of offering a benefits package and continues to promote things in order to expand the paying membership <> this ploy is obvious - its called PROFITEERING! When so many are hurting in one way or another this PARASITE decides to attack what little money most investors have to live on and put it in his pocket! <> I have been in contact with many people who paid to join and then had numerous problems with the site <> for the most part Blaino ignored them <> now many have filed complaints with 'Alertpay' which is the service Blaino uses to collect his fee's off your credit cards so they are aware of his scheme <> Other people are contacting their credit card companies and filing complaints too, asking for refunds <> why is this happening? because all Blaino is really offering is intel that he and the mods copy from other sites and re-post in his chat room and people are realizing it <> as the site administrator I was 110% aware of this and complained vigorously but IMO, all Blaino was interested in was counting money! For my efforts, Blaino blocked me out of the backroom skype chats that he controlled <> I guess having to read the truth from me constantly will drive a person crazy! lol! Recently there were several claims of 'hacking' on the planet dinar site... shortly after okie made some insensitive comments in chat <> the hacker was in fact Blaino himself who in turn told me he was blaming an administrator who had left the site - chaosmite <> in fact every devious move on the site was masterminded by Blaino and he continued to blame chaosmite for all issues of this nature (how convenient) <> Blaino would sign in as okie or pilot (okie's alter ego) and raise havoc <> this was designed to make okie look bad to the membership because Blaino was upset okie had moved to his own site <> as much as I think okie is somewhat confused about 'Religion' I harbor NO ill feelings toward him, in fact made repeated posts regarding prayers that I had offered up in his name after he left the site, regardless of his opinion of me. The final straw for me came last Monday when Blaino told me over the phone that if he didn't see a huge increase in paid memberships he was (quote) "going to close down the site and go find a job" <> I asked what he planned to do with all the members, many who had opted to pay for a full year of membership at $59.00 and he said 'too bad, nothing I can do to help that. I need to deal with my own crap and can't worry about anyone else's" If any of you out there feel that you may have been tricked by this person or if you know of anyone please let me know <> I will be more than glad to assist with obtaining refunds or implementing legal action against this schemer! <> I've kept excellent records of all communications between him & I and believe it would help greatly in bringing resolve to those adversely affected. Please feel free to share my opinions and personal experiences I've listed here <> my main goal in sending this email is to officially disassociate myself altogether from Blaine Fogel (Blaino) and his website. God Bless 'seeker'

Currency Devaluation and Revaluation Under a fixed exchange rate system, devaluation and revaluation are official changes in the value of a country's currency relative to other currencies. Under a floating exchange rate system, market forces generate changes in the value of the currency, known as currency depreciation or appreciation. In a fixed exchange rate system, both devaluation and revaluation can be conducted by policymakers, usually motivated by market pressures. The charter of the International Monetary Fund (IMF) directs policymakers to avoid "manipulating exchange rates...to gain an unfair competitive advantage over other members."At the Bretton Woods Conference in July 1944, international leaders sought to insure a stable post-war international economic environment by creating a fixed exchange rate system. The United States played a leading role in the new arrangement, with the value of other currencies fixed in relation to the dollar and the value of the dollar fixed in terms of gold—$35 an ounce. Following the Bretton Woods agreement, the United States authorities took actions to hold down the growth of foreign central bank dollar reserves to reduce the pressure for conversion of official dollar holdings into gold. During the mid- to late-1960s, the United States experienced a period of rising inflation. Because currencies could not fluctuate to reflect the shift in relative macroeconomic conditions between the United States and other nations, the system of fixed exchange rates came under pressure. In 1973, the United States officially ended its adherence to the gold standard. Many other industrialized nations also switched from a system of fixed exchange rates to a system of floating rates. Since 1973, exchange rates for most industrialized countries have floated, or fluctuated, according to the supply of and demand for different currencies in international markets. An increase in the value of a currency is known as appreciation, and a decrease as depreciation. Some countries and some groups of countries, however, continue to use fixed exchange rates to help to achieve economic goals, such as price stability. Under a fixed exchange rate system, only a decision by a country's government or monetary authority can alter the official value of the currency. Governments do, occasionally, take such measures, often in response to unusual market pressures. Devaluation, the deliberate downward adjustment in the official exchange rate, reduces the currency's value; in contrast, a revaluation is an upward change in the currency's value. For example, suppose a government has set 10 units of its currency equal to one dollar. To devalue, it might announce that from now on 20 of its currency units will be equal to one dollar. This would make its currency half as expensive to Americans, and the U.S. dollar twice as expensive in the devaluing country. To revalue, the government might change the rate from 10 units to one dollar to five units to one dollar; this would make the currency twice as expensive to Americans, and the dollar half as costly at home. Under What Circumstances Might a Country Devalue? When a government devalues its currency, it is often because the interaction of market forces and policy decisions has made the currency's fixed exchange rate untenable. In order to sustain a fixed exchange rate, a country must have sufficient foreign exchange reserves, often dollars, and be willing to spend them, to purchase all offers of its currency at the established exchange rate. When a country is unable or unwilling to do so, then it must devalue its currency to a level that it is able and willing to support with its foreign exchange reserves. A key effect of devaluation is that it makes the domestic currency cheaper relative to other currencies. There are two implications of a devaluation. First, devaluation makes the country's exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports. This may help to increase the country's exports and decrease imports, and may therefore help to reduce the current account deficit. There are other policy issues that might lead a country to change its fixed exchange rate. For example, rather than implementing unpopular fiscal spending policies, a government might try to use devaluation to boost aggregate demand in the economy in an effort to fight unemployment. Revaluation, which makes a currency more expensive, might be undertaken in an effort to reduce a current account surplus, where exports exceed imports, or to attempt to contain inflationary pressures. Effects of Devaluation A significant danger is that by increasing the price of imports and stimulating greater demand for domestic products, devaluation can aggravate inflation. If this happens, the government may have to raise interest rates to control inflation, but at the cost of slower economic growth. Another risk of devaluation is psychological. To the extent that devaluation is viewed as a sign of economic weakness, the creditworthiness of the nation may be jeopardized. Thus, devaluation may dampen investor confidence in the country's economy and hurt the country's ability to secure foreign investment. Another possible consequence is a round of successive devaluations. For instance, trading partners may become concerned that a devaluation might negatively affect their own export industries. Neighboring countries might devalue their own currencies to offset the effects of their trading partner's devaluation. Such "beggar thy neighbor" policies tend to exacerbate economic difficulties by creating instability in broader financial markets. Since the 1930s, various international organizations such as the International Monetary Fund (IMF) have been established to help nations coordinate their trade and foreign exchange policies and thereby avoid successive rounds of devaluation and retaliation. The 1976 revision of Article IV of the IMF charter encourages policymakers to avoid "manipulating exchange rates...to gain an unfair competitive advantage over other members." With this revision, the IMF also set forth each member nation's right to freely choose an exchange rate system. http://www.newyorkfed.org/aboutthefed/fedpoint/fed38.html

Don't forget about the 20% increase for inflation. 20% = $.64 add this to the $3.22 and we have $3.86.

he is the seer of seer's and prognosticator of prognosticators. He is virtually omniscient and has on occaision been known to crash parties!

Me too! I love this country but I am disgusted with our government!

There is a Risk of Emergence of Cases of Corruption When you Change Currency Sunday, 24 / August / 1432, corresponding to 24/07/2011 AD | Source: Buratha U.S. Undersecretary of the Iraqi Ministry of Finance Central Bank of Iraq to Egypt to change the Iraqi currency during the year, noting that there are risks that contribute to change the currency in the emergence of cases of corruption. He stated that the Prophet, "When you replace the currency in banks, as happened during previous times, increases the likelihood of counterfeit currency slipped between the ancient coins that are replaced with new ones, and this increases the risk of corruption cases." He noted that "the Iraqi Central Bank for the Iraqi currency to replace Iraq's new currency." And the effects of changing the Iraqi currency, said the Prophet "The change of currency would not have any effects, and will be the value of the currency of modern same value of existing currency, as will the size of the current currency itself, and if the Iraqi dinar exchange rate against the U.S. dollar has in the past 120 000 dinars, compared to U.S. $ 100, the value will remain the same when you change the currency, but some of them talk about the effects of receptor to change the currency on the economy of Iraq, and it is not clear at the present time. " He pointed out that I was "for me, I carry the risk that there may be negative effects in the near future when you change the Iraqi currency, instead of having positive effects result from the process of change." He was adviser to the CBI, said the appearance of favor in an earlier statement (Rn) that "the Iraqi Central Bank has decided to start Ptnfbz long-term strategic program, to reorganize the Iraqi currency and the development of the financial system in the country." In the view of the central bank to raise the three zeroes from the local currency is a complex process and need to be thorough economic study. 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. http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http%3A%2F%2Falahwar-tv.com%2Fpages%2Fnews.php%3Fnid%3D7218

Yes the Day is coming..........and we will all be happy, stunned, grateful, in a daze, laughing, crying, hugging , kissing , jumping up and down and personally I will be thanking God!!!!!!!!!!

If we're lucky it won't even take 5 days! I would love to see the HCL resolved by tomorrow, Chapter 7 by tomorrow night, then an RV before Friday! But, you know... it's Iraq. Who knows what they will do, they sure are good at screwing up good opportunities and delaying for no good reason. Fingers crossed that we could finally be there!!!!!!

Gold is the best form of money that we have. It has been shown over and over again that gold does not lose its value as a store of wealth. This was demonstrated in France after the French Revolution, in Germany after the World Wars, in many South American and South East Asia countries during the last ten years and of course in Russia very recently. Those who held a significant portion of their wealth in gold suffered far less than people who had no gold. If gold is money, then the annual production of gold from gold mines is equal to the inflation rate of gold. Annual gold production ranges between 1% and 2% of the total amount of above ground gold, i.e. gold that had been mined in the past. That means that the inflation rate of gold varies between 1% and 2% per year and gold should lose that amount of value annually. But it doesn't. In fact gold retains its value over time because the inflation rate of gold should be seen in context of the world's population growth and long term economic growth. On average, the world's population grows between 1% and 2% per year and the long-term, real economic growth rate is the same. This close correlation between the world's long term population growth, economic growth, and the growth in the above ground gold supplies is why gold maintains its value over time. Think of all the gold in the world as money, and the annual mine production of gold as inflation of this money supply. Since the inflation of gold due to mine production is roughly equal to worldwide economic growth, the value of gold in relation to other tangibles is quite constant over time, with minor fluctuations as one would expect in any market. History supports this view and the facts confirm it. To be exact, it is necessary to subtract industrial fabrication from the annual mine supply to obtain a more accurate figure of the inflation rate of gold, since most of this gold does not return to the gold-pool as scrap material. Whether the gold is in the form of bars, coins or jewelry is irrelevant. All of these forms of gold are a store of wealth and can thus be thought of as money. All of these forms of gold are also highly liquid, and can easily be converted into paper currency. Granted, jewelry is the most illiquid form of money, but it is still money. In any market the total supply always equals the total demand, that is obvious. But that also implies that to talk about a supply deficit in the gold market is fallacious, since the supply is of course exactly equal to the demand. Yet prices do fluctuate and basic economic theory holds that price is dependant on supply and demand. The increase or decrease in gold supply and demand that would influence the gold price depends on how many dollars, or other currency, a buyer is willing to pay for gold versus the amount of currency a seller is willing to accept for his gold. These statistics also have to include all currencies in the world, not just the US dollar, since gold is held throughout the world. There is no basis for believing that the difference between mine supply, scrap sales and fabrication demand is equal to the total supply and demand for gold. Gold is held in many forms, by numerous governments and billions of individuals. The willingness of all these parties to change gold for paper currency and vice versa is what determines the price of gold in relation to each different paper currency respectively. It has been shown that the gold price is far more sensitive to changes in foreign exchange markets than fluctuations in annual mine production or jewelry demand. This is due to the fact that gold is money, it always has been and still is today. The gold price as quoted in US dollars depends heavily on the US dollar exchange rate against other currencies. This is logical and obvious, but often overlooked. If the dollar devalues, the gold price in terms of dollars should rise. As such, it represents an excellent hedge against the dollar and offers superb protection of dollar denominated investments. Gold has not lost its value as a store of wealth. For speculators, this could be the opportunity of a lifetime. Gold mines based in the United States will gain the most out of a weakening dollar, more than South African or Australian gold mines. Buy gold and gold stocks while the dollar is abnormally strong and gold is historically cheap in terms of US dollars.

Maybe I'm being stupid here but I don't get it. If lifting the debt ceiling takes us into no man's land where the interest we owe exceeds our ability to pay it off: Why would the US - if the treasury indeed holds trillions of dinars - stop an rv which could reduce the debt we have to the point we are way below our current ceiling?? And then the additional taxes that are collected will add even additional funds to the US coffers. The logical answers: #1 - we are not stopping it so we have to scramble to meet the debt ceiling deadline. #2 - Obama wants the econcomy to fail either to allow the one world government to become a reality with US resistance - or so Obama can push his Marxist reform.

Sonny i agree with you. Just ignore them, all they do is try to bring negativity to this investment i wonder myself why they even log onto these boards or just move on. Anyhow i appreciate the post and your insight dont let them run you off. Great post BTW.

Funny thing within our own households we cut back and focus on the bare essentials. Our leaders will take us into becoming a third world country before they will take such a stance. Raise taxes on working folks and cut benefits on those who have worked a life time. Here is a list of money saving ideas: 1. Stop all foreign aid. 2. Close any park, monument, museum, battleship, aircraft, etc. that does not support itself with ticket sales. 3.Stop military sponsored race cars, ball teams, etc. 4. Stop paying $100.00 + for toilet seats, hammers, and shovels. 5. Stop paying presidents a lifetime salary and all the many perks they get when they leave office. 6. Stop paying Europe for our military post, if they want protection they should pay us. 7. Stop paying for illegals medical, and school benefits. 8. Stop many of these studies we fund such as what makes a hog smell bad. 9. Halt space projects unless we are going to implement Regan' s Star war plan. 10. Get out of Afgan. unless they pay upfront. 11. Stop policing the world and take care of our own. 12.Put troops on the borders instead of foreign countries. 13.Cut retirement benefits for political leaders. 14.Allow permits to build oil refineries in the U.S. 15.Lower taxes. 16. Charge fees for becoming an American citizen. 17. Slow down printing U.S. Currency to increase it's value. 18. Cut federal grants by 50% 19. Raise social security benefits to get the economy moving. 20. Focus on drilling and "Refineries here in the U.S.A. 21. Offer incentives to get our manufacturing back home ----"This marketing and servicing thing did not work out" another failure. 22. Ban things like NAFTA, and all those anti American programs. If this does not work then look at cutting benefits ---- Americans should be marching in the streets--democrats and republicans are destroying the greatest nation on earth. P.S. Did I mention make English the national language --- and allow volunteer prayer in our schools, and enforce immigration laws. This was our culture love it or leave it. Every country on planet earth have their cultural standards and religion --- why should "The U.S.A. " be any different? "MERRY CHRISTMAS' 'GOD BLESS THE U.S.A'., ' N GOD WE TRUST', "DON'T DO THE CRIME IF YOU CANNOT DO THE TIME", 'BUY MADE IN THE U.S.A THE JOB YOU SAVE MAY BE YOUR OWN' FORCE TERM LIMITS NEVER FOR ANYONE WHO HAS MORE THAN TWO TERMS IN OFFICE

Blaino, are you frickin serious, you come onto DV, who has the smartest investors by far of any dinar site out there and you choose to openly rip on Seeker just because he outed you. You chose the wrong venue to come to just to try and save your butt from someone telling the truth about you and Planet ******. Most people that have been on these boards long enough know that you are a constant liar and steal other peoples intel. Don't you ever go to DD's site and realize that nearly all your posts are under the category "Don;t believe, read for entertainment value". Nearly the whole dinar world knows you are a joke, you pray on the new investors in this investment, just as PTR and the GET team do. Go away, don't come back, you have been outed, now deal with it!

dman13... My intent with posting was an attempt at looking for insight into Scooter's statement from the DV community. It was a pretty cryptic message and it's one that was stated frequently in the media yesterday. Scooter is one of the brightest Dinarians around, who is fairly well respected amongst various sites. That alone makes the comment he made of interest. Hope that clears things Psych, I understand who Scooter is and certainly didn't mean to offend or attack you for posting. However, regardless of someone's reputation, when a statement is made implying a catastrophe without elaboration it's fear-mongering to me. Every American who follows any news organization knows we're moving toward a tipping point in the ceiling negociations. I personally don't think we will default- 120-160 billion in taxes for the month of August give us enough to pay the debt service and SS with some change left. Yes, some gov't programs won't get funded in that scenario but I'm not certain that's a catastrophe and depending upon who you listen to- it might be what the country needs to reduce the size of gov't. But, I don't think it will come to that- in fact, I believe an agreement was made early and these past few weeks have simply been political theater; however, I also believe that professional politicians on both sides have the same agenda and it's not protecting the Constitution. However, I digress-back to the point: both sides have their experts stating the ramifications of these determinations; google is filled with opinions from economists proclaiming end results differing in the degree of impact of raising or not raising; and, real-time events are present which direct any and all decisions concerning payouts leading me to believe there will be no default on national debt nor a reduction of the USA's credit status. Therefore, when S states: ...I’M NOT TRYING TO SCARE ANYONE, BUT THIS DEAL NEEDS TO HAPPEN IMMEDIATELY BEFORE ASIAN MARKETS OPEN — THAT’S ALL I WILL SAY, BUT IT’S CRITICAL!!! ... AND WE THE PEOPLE WILL TAKE THE BRUNT OF THE RAMIFICATIONS without elaboration, it simply has no meaning and should be challenged in any reflective conversation. But thanks for taking the time to respond and provide your intentions- like I said earlier, wasn't commenting on your posting- just the contents of the material. Still waiting on your excellent research and findings, have you posted them yet? Pfffft.-- paraphrased for Sirius Sirius, no, I haven't posted research because there is no definitive answer. If you'll take the time to look, you will find economists who back both sides of this issue with the understanding that no default has to take place b/c of the August tax dollars available. Yes, there may be a gov't cutback, but do some of your own research and tell me the major impacts if we pay the debt service and SS. Crytic messages (I know but I can't tell you but it's critical) feed the growth of worry and stress- so, once again, I ask- why put it up if you're not going to elaborate on it? Dalite: What is really amazing is that you need details to understand what he is saying. Dalite, I don't need details to tell me what is being said: S is saying that unless a solution to the debt ceiling quagmire is arrived at before Asian markets open, there's going to be a event that is criminal and has terrible ramifications on the normal USA citizen. IT doesn't say what that event is; what those ramifications are; nor why Asian markets opening is the deadline. You should understand that raising the debt ceiling isn't the determining factor- rather, it whether or not the USA defaults on its national debt to foreign countries. Almost everyone I've heard speak or researched agrees that doesn't have to happen but will be at the discretion of President Obama due to the tax dollars taken in during August. So where's the catastrophe??? One liners don't work in informative discussions so, perhaps, you'd like to explain why a solution before the markets open are critical; what is the terrible event that has a direct cause-effect relationship; and what are those terrible ramifications threatened? Please enlighten me. Anyway, I could go forever on this and will certainly respond to any replies; however, it seems pretty simple to me: regardless of who you are- if you're going to say something that predicts doom and gloom, back it up. Thanks for the fun and I've got 90 more positives so let the negs fly b/c I've questioned a dv icon. Hey, I'll even start it with the first neg how funny...