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Showing content with the highest reputation on 04/25/2015 in all areas

  1. 7 points
    This is the most excited I have dared let myself feel over the dinar/RV, or actually over anything for many years. My tummy is roiling with excitement and I keep pulling in huge gulps of air. lol I'm like many of you who say you really need this money. I cannot begin to tell you how grateful I am that I bought my dinar, but also that I joined Adam and his team when I did, just before the last of my money from the sale of my house was gone. There was just something about Adam's site, his team, his plan, and about Adam, himself, that made me trust him, and in all that time, my trust hasn't waivered. I had grown children who told me how foolish I was to buy dinar, quickly followed by how extremely foolish I was to join Adam and Dinarvets, but I know if there is any money to be made, kept, guarded, or invested wisely, Adam is the "go to" guy, so here I am. And I have never waivered in my belief in Adam and his program, not once. I bought my dinar in 2010, not so long ago for many of you, but it seems like a lifetime to me. LOL And now, today, If it weren't for the dinar possibilities, I would have no hope to even dream of recovering the money I worked so hard to save for so many years of my life, and which I was forced to watch as that money swiftly disappeared almost overnight when the bottom dropped out of my retirement funds in the late 80's. I've been trying to recover ever since, and I'd say I'm not even close . . . except . . . owning dinar and being a member of Adam's site makes me feel so much closer than I've ever felt before. Those two things give me a sure-footed delight that, financially, all will be well in my life soon. Such as in a week or two. LOL I literally LOVE this site, all of you, and my ownership of dinar!! Whatever any of you are in real life, here you are wonderful friends and highly valued neighbors. Thanks, Buzzy. Keep up the good work.
  2. 3 points
    Looked at the guru spew. Since no one is allowed to comment there on the regularly scheduled spew. I will comment here with...same weekly
  3. 3 points
    IN the GOOD OLD DAYS of economic forecasting, by which I mean "way back when I still had hair, my teeth, my hearing, most of my marbles, and computers had been around long enough to be able to spew this stuff out," one had a lot of data to work with, if one was, you know, very interested in developing a fool-proof trading system so as to quickly make an unimaginably gargantuan fortune in the stock/bond/futures/options markets. Thus enriched, I would finance a new and thoroughly dissolute lifestyle, spending the rest of my life wildly dissipating the whole wonderful wad in a long luxurious trail of glorious gluttony, a staple of sensationalist tabloid journalism ("Local Moron Makes Good!" – The Times). But first, the data! Employment, incomes, expenses, debts, taxes, assets, liabilities, imports, exports, money supplies, blah, blah, blah. On and on. Data everywhere. Drowning in the stuff. Now, I grow outraged that all we have is lies. Lies and guesses based on lies. Lies about everything! Everything! Like the other day, when I asked my wife "Do you still love me as much as you ever did, which is with all your heart, worshipping the ground I walk on, wanting only to be near me and lovingly cater to my every wish?" and then watched, dismayed, as she gave me that usual bored, sideways look, and muttered "Yeah, yeah. Whatever." Naturally, my mind screams "Lies! Lies!" However, I know better than to actually confront her, exposing her villainous lies and blatant treachery, as she characteristically reacts badly to it, probably launching like a space rocket into something incomprehensibly hysterical and completely tangential, such as "Well, how much could anybody love somebody as lazy and worthless as you, now that you don't have the aforementioned hair, teeth, hearing or a semblance of sanity?" Or asking, "What in the hell is this $149 charge on the credit card, made at some stupid golf shop?" Or, "Are you ever, ever, EVER going to shut up about the evil Federal Reserve creating so many excess Dollars and so much debt that We're Freaking Doomed (WFD) to some horrible, lingering catastrophe as a consequence of the Dollar losing buying power, experienced as a raging price inflation that matches the raging monetary inflation?" In case you were wondering, the answers to her questions are, in order of appearance: Because I am The Lovable And Great Mogambo (TLAGM), earthling female; It was for a pair of golf shoe inserts that were supposed to cure my slice and add ten yards to my drive; and, of course No. And, as seems so disturbingly typical of the Obama administration, the government issues blatant lies about inflation in prices, too. And you don't have to believe me, because I present Dave Gonigam, writing The 5 Min. Forecast, who reports that: "The big economic number of the day is inflation – up 0.2% last month, according to the government's consumer price index. Year over year, the index registers no change at all." With the lightning reflexes of a jungle cat, I instantly howl "Lies! Lies!" Price increases are everywhere! Soon, I am midway through mentally composing a scathing email to Mr.Gonigam, castigating him for mindlessly regurgitating outrageous government lies, when he unexpectedly went on to reveal that it was a setup, a trap into which I foolishly stepped. You could almost hear the sarcasm in his voice when he went on, saying: "As always, any resemblance to your own cost of living is purely coincidental. The real-world inflation rate as calculated by John Williams at ShadowStats has hovered near 7.5% all year." Yikes! 7.5% annual inflation in consumer prices? Yikes! Help! Help! We're freaking doomed indeed! Using the Rule of 72, at this rate, prices will double in 9.6 years! Do you think your income will more than double (allowing for the higher tax brackets) in 9.6 years? Hahaha! Me neither! So, this is where I would normally try to steer the conversation calmly and rationally into another, more genteel and pleasant direction completely, such as "Hey! What are we having for dinner, where we could discuss buying more gold and silver to protect ourselves against the debasement of the Dollar by the evil Federal Reserve creating so many of them?" Unfortunately, my brave, heroic efforts to bring civility and cool, clear heads to the discussion were in vain, especially about the horrors of a huge inflation in the money supply, and why it is absolutely crucial to again – again! – cut expenses to the bone – bone! – so that we can buy a tiny bit more – more! – gold and silver. I remember one time I had accidentally discovered that by taking just one more, tiny, little step down the "quality ladder" when selecting food for the kids, they would actually benefit by consuming better grub by eating "highest-grade animal feed" instead of their usual "lowest-grade human feed." "It would be a nice change for them!" I said, my mind gleefully whirling at the giddy prospect of another $40 a week to invest in gold and silver, and without inconveniencing myself at all! In case you want to know, that led to a screaming hissy-fit, detailing what a horrible husband and father I am for neglecting my family because I consider them ravenous parasites who are keeping me from buying even MORE gold and silver, and how I am always yelling at others to buy gold and silver, raving like some demented, paranoid and cynical old man, all because of the aforementioned evil Federal Reserve creating so much excess Dollars and debt that terrifying inflation in consumer prices (ie, food and energy) and a huge, bankrupting, ruinous deflation in asset prices (eg, stocks, bonds and houses) are – if 2,500 years of history are any guide – Written In Freaking Stone (WIFS) guaranteed. So, with that kind of learning curve, why would I say anything at all now? Why go through all that, when the only adequate answer is for me to saliently point out, in my usual kindly manner, "Hey! Shut up! You knew that BEFORE you married me! So who's the idiot now? Huh? Who? You, that's who! You! Hahaha!"? But at least some people are trying NOT to lie. For instance, GATA reported that, at a recent gold conference, the subject of governmental manipulation of the gold price was not to be even discussed. It was now taboo because it was, and I quote, "too inflammatory." Too inflammatory! Hahahaha! Too inflammatory! Now, being a quick study, I say everything is "too inflammatory!" For instance, she wants to know where I was all afternoon? I could reply, "Look at the grass clippings and mud on my pants! Look at the way I am in a very bad mood and complaining about how every putt was a downhill putt! I was playing golf! Where do you THINK I was, ya moron?" But that, for some reason, seems to NEVER be a good enough answer for her. So now I merely say "Too inflammatory!" And when she asks "Are you taking money out of my purse and squirreling it away until you have enough saved to buy another little bit of gold and silver?", I deftly reply "Too inflammatory!" And it saves time when I tell people "You're a moron!", and they naturally ask "What do you mean by that?" Instead of launching into a long explanation of how they are moronic for NOT buying gold and silver in terrified, paranoid response to an evil Federal Reserve creating so much excess Dollars and debt that an inflationary/deflationary collapse is inevitable because That's The Way It Works (TTWIW) when referring to insanity in monetary policy, I now casually dismiss them with an insouciant wave of my hand, saying, by way of explanation, "Too inflammatory!" But they know what I mean. Oh, yeah. They know exactly what I mean. And you do, too. Everybody knows to buy gold and silver, for crying out loud! And buying gold and silver is so easy (as in "Whee! This investing stuff is easy!") that NOT to do so is to make, as they say, the angels weep. Much better to buy them, and not do any crying at all. Lots of laughing and having a wonderful time, one day soon. But no crying! Whee!
  4. 3 points
    WOW, Same here, except oil pump here. Things are really jumping. Coming from anyone else I would be questioning it, but I think this ride maybe hitting the station.
  5. 3 points
    BUY GOLD prices fell hard in London trade Friday, following silver down to 5-week lows as world stock markets extended their run of new record highs following yesterday's break by New York's Nasdaq index of its March 2000 Tech Bubble peak. Eurozone investors wanting to buy gold saw prices drop harder – despite fresh wrangling over Greece's bail-out loans from its Euro partners – as the single currency rose to 4-week highs against the Dollar. Commodity prices meantime edged up towards 2015's starting level on the S&P GSCI index, while 10-year German Bund yields held at 0.15%, almost twice last week's new all-time low. After seeing bids to buy gold outweigh offers to sell for a third time running at the LBMA Gold Price Friday morning, the 3pm run of this newly electronic wholesale benchmark – launched in March to replace the century-old Gold Fixing – met supply 40% greater than demand at $1183 per ounce. Spot gold prices, quoted by major dealers to their individual counterparties, then fell to average $1178 inside 5 minutes, trading 2.1% beneath last Friday's finish and erasing the last of 2015's earlier 10% gain. "A move below $1180," says a technical analysis from Swiss bank and bullion market-maker UBS, "open further lows towards...the key support at $1142.94, the low of March 17." "Physical interest from Asia ha[d] been supportive of gold this week," said a note earlier from the commodities team at Germany's Commerzbank. But on Friday "price action within the precious complex during Asia was generally non-existent," counters Swiss refining and finance group MKS, reporting "little noticeable interest coming out of China." Technically, Dollar gold prices had been "stuck in a range-bound configuration," says Societe Generale chartist Stephanie Aymes, "remaining in no-man’s land ahead of a [uS Fed] rate decision" according to Standard Chartered analyst Nicholas Snowdon. However, with US Treasury bond yields ticking lower again Friday, "Broad US economy returns over the cost of capital are in structural and cyclical decline," says a separate note from UBS commodities analysts, while "credit appetite is deteriorating. "That will lead to a trend widening of spreads, deteriorating credit availability and uptake, slowing growth, and a new round of Fed reflation" – conditions UBS says should be positive for demand to buy gold as well as for gold-mining shares. Meantime in Riga, Latvia, a meeting of Eurogroup politicians to discuss Greece's ongoing bail-out loans from 2010 ended with Athens' finance minister Yaris Varoufakis saying his left-wing Syriza government is "willing to compromise" on imposing new economic reforms in return for extended terms. Eurogroup chairman Jeroen Dijsselbloem told reporters "a comprehensive and detailed list of reforms is needed" to release the last €7.2 billion in bail-out loans – which will not be offered beyond June.
  6. 2 points
    Najaf Najaf Municipality Director: financial liquidity available but without the presence of the doors of the exchange by the central government Posted on: 25/04/2015 13:56:50 Section: Iraqi General Written by: Views: 8 Future News / Najaf: - Najaf Municipality director announced to meet Ali Mohammed al-Zurfi in a press conference held in the office of the Directorate for "provide more than about 27 billion Iraqi dinars revenues of the Directorate of the municipality, but there are no any doors for exchange in the budget law for 2015 enables directorates self-financing of disposal, but the money the disposal of the Federal Ministry of Finance, which to this day has not launched the budget of the ministries. " He explained that "what has been monitored for file cleaning this year totaled 2.9 billion Iraqi dinars, while monitoring the last in 2014 4.7 billion Iraqi which indicates a clear reduction to file a private cleaning and the holy city of Najaf from cities that have religious tourism thanks to the blessing of the shrine Tahir to sire Unitarian and Imam of the pious Ali Ibn Abi Talib (peace be upon him), which called for local government to visit the Ministry of Finance and the Ministry of Planning, headed by the governor, but without a change in the increase of financial allocations. " And that "the Municipal Directorate of wealthy circles in terms of revenue where Mansph represent 30% of the capital of the secretariat of the revenues and 12% of Iraq's revenues generally making it be from the departments of municipalities with an excellent product for possession of more than 6000 King distributed throughout Najaf spend." He called Zurfi "everyone to unite and weft in order to close ranks and retrieval of rights, which is still the federal government included in Baghdad. Hamoudi al-Issawi - See more at:
  7. 2 points
  8. 2 points
  9. 2 points
    Im actually kinda excited about AM (Buzzy's) latest posts, I mean if he's hearing things and letting us in on it and not more of the same old guru cr@p, that's got my attention. We all have felt frustrated with this investment at one point or another, but I do believe this is a once in a lifetime opportunity and pieces of this puzzle are falling into place just nicely.
  10. 2 points
    Parliamentary Finance supports the Rafidain Bank in the adoption of smart card distribution of salaries Since 25/04/2015 16:52 pm (Baghdad time) Baghdad scales News Parliamentary Finance Committee announced on Saturday its support for a step-Rafidain Bank in the smart card adoption in the distribution of salaries of state employees. Said committee member Majda al-Tamimi said in a statement received / scales News / copy of "The government has a project under discussion, a mainstream smart card in the ministries and institutions of the state employees' salaries exchange", describing the project as "a good and sophisticated and the Committee this step supports significantly." She added that "This move will enable the government employee from receiving his salary from anywhere, at any time and not wait for the accounts and how to account employees, as well as Amkana saving money in the card and withdraw their money when it wills." She stressed that "the voices that oppose the move, is to cover the operations of corruption, because the smart card project will reveal the names of fictitious" .anthy 29 / d 25
  11. 1 point
    from various Guru sources... Luigi says...the RV window of opportunity is closing fast. GOI must act by the 6th of May. Parliament goes on 2 month vacation on the 7th...returns on the 8th of June. Then Ramadan begins the 18th of July. GOI must get on the ball right now. Daylight is burning. In addition...if CBI decides to recall the 250 notes like it did the 50 notes then CBI will need an extra 60 days to complete the process. Any way you slice emediate RV. Your reaction. 4-25-2015 Intel Guru DC Absolutely should have gone Monday night. A lot of promises have been made for the next four days. Everything on the edge. Everyone planning for it. We are very, very close again. 4-25-2015 Intel Guru TerryK GOT A FEW CALLS TODAY...SOME OF THEM TELLING ME...MON TUESDAY THIS COMING WEEK...OTHERS SAYING FRIDAY NEXT WEEK AS THE DEADLINE FOR 50 DINAR NOTES IS DUE AND THEY WILL MOVE AFTER THEY ARE NO LONGER GOOD...TAKING THOSE BILLIONS OUT OF CIRCULATION...THEN HERE IS ANOTHER LITTLE TID BIT I HEARD...THEY MAY DO THE SAME WITH THE 250 NOTES AND GIVE THAT 60 DAYS AS WELL. IF THAT HAPPENS THEN THAT WILL PUSH WINDOW OUT FURTHER. 4-25-2014 Intel Guru TD ...The IMF is providing emergency assistance as recently announced. The Kurds are getting loans from Turkey . Prices of goods are under inflationary pressures . Make no mistake about it the declining oil prices are hitting their coffers hard. Abadi is asking for help from anyone who will listen to him but many are just not listening . Bottom line : Iraq not only has its military challenges with ISIS but also is in a financial mess . Before any real international confidence of foreign capital is viable, it's own citizens must have the confidence and "believe" in the viability of the internal banking system and STILL Iraqis are skeptical of its own banks. All this equates to months of sorting out paths to get out of deep holes. It is therefore "wild speculation" to think Iraq can ( in the foreseeable future) regroup fast enough to execute any serious monetary reforms and enter the international arena with a stable, sustainable and increased rate of it's currency rate to compete in direct proportion ( peg) to other major currencies of the world .
  12. 1 point
    from Gurus Kaps, TNT & TD... Tariff Tax puts heavy burden on Iraqi consumers already feeling hard times. Luigi wants to know what CBI & GOI must do to relieve tariff tax hardships emposed on the Iraqi consumer? Go RV. 4-24-2015 Newshound Guru Kaperoni Article quote: “head of the parliamentary bloc behind Abdul Samad behind, on Thursday, a decision Customs Directorate of the southern region, the private activated the tariff law in all centers and ports, which oversees them.” Of course prices go up with tariffs! This is exactly why the CBI cannot sit still and do nothing 4-24-2015 Intel Guru TNT Tony The good news is everything is moving forward. Everyone is feeling the pressure…from governments, from the people of Iraq. We are hearing from the citizens themselves. Our understanding is over the weekend or first of next week. We are expecting it. Everyone is on the highest of alerts. 4-25-2014 Intel Guru TD ...The IMF is providing emergency assistance as recently announced. The Kurds are getting loans from Turkey . Prices of goods are under inflationary pressures . Make no mistake about it the declining oil prices are hitting their coffers hard. Abadi is asking for help from anyone who will listen to him but many are just not listening . Bottom line : Iraq not only has its military challenges with ISIS but also is in a financial mess . Before any real international confidence of foreign capital is viable, it's own citizens must have the confidence and "believe" in the viability of the internal banking system and STILL Iraqis are skeptical of its own banks. All this equates to months of sorting out paths to get out of deep holes. It is therefore "wild speculation" to think Iraq can ( in the foreseeable future) regroup fast enough to execute any serious monetary reforms and enter the international arena with a stable, sustainable and increased rate of it's currency rate to compete in direct proportion ( peg) to other major currencies of the world .
  13. 1 point
    Yendor. Normally, I would say "Bite me". But since I don't want to get in trouble with Adam at this point in the ride I won't. Everybody knows all of what you just said. Why can't you just let them enjoy themselves for awhile. Every time there's some good news here comes Yendor to try to knock everyone down a few notches. Do you work for Malaki? Or maybe you suffer from depression. Or maybe even Bipolar although posting negative comments in a Dinar forum doesn't really fit any illness that I know of. If you have a Malady that we should know about then by all means please let us know so we can be there for you. We all have our baggage from the past but most don't let it out on groups of others. Look back at your posts. They are all the same and your response to me will be the same as you have to others who have brought this up to you. Life is a cycle of ups and downs and always will be. Anything that lasts as long as this has (and not that long as some currency issues of the past I think) will take a toll. Let people have their joy when it's there. There's not much of it these days but there's plenty of negativity of which I am part of myself. Just not every damn time. Let it rest. Please.
  14. 1 point
    Diversification of the economy Developing the private sector Attracting investment to the country Go Iraq..... Keep moving forward
  15. 1 point
  16. 1 point
  17. 1 point
    The Liberating Power of Forgiveness A woman comes to Jesus in a Pharisee’s house weeping and washing his feet. No doubt she felt shame as the eyes of Simon communicated to everyone present that this woman was a sinner and that Jesus had no business letting her touch him. Indeed she was a sinner. There was a place for true shame. But not for too long. Jesus said, “Your sins are forgiven” (Luke 7:48). And when the guests murmured about this, he helped her faith again by saying, “Your faith has saved you; go in peace” (Luke 7:50). How did Jesus help her battle the crippling effects of shame? He gave her a promise: “Your sins have been forgiven! Your faith has saved you. Your future will be one of peace.” He declared that past pardon would now yield future peace. So the issue for her was faith in God’s future grace rooted in the authority of Jesus’s forgiving work and freeing word. That is the way every one of us must battle the effects of a well-placed shame that threatens to linger too long and cripple us. We must battle unbelief by taking hold of the promises of future grace and peace that come through the forgiveness of our shameful acts. * “But with you there is forgiveness, that you may be feared” (Psalm 130:4). * “Seek the Lord while he may be found; call upon him while he is near; let the wicked forsake his way, and the unrighteous man his thoughts; let him return to the Lord, that he may have compassion on him, and to our God, for he will abundantly pardon” (Isaiah 55:6–7). * “If we confess our sins, he is faithful and just to forgive us our sins and to cleanse us from all unrighteousness” (1 John 1:9). * “To him all the prophets bear witness that everyone who believes in him receives forgiveness of sins through his name” (Acts 10:43). It doesn’t matter whether the act of God’s forgiveness is entirely past, or if there is new forgiveness in the future — in both cases the issue is the liberating power of God’s forgiveness for our future — freedom from shame. Forgiveness is full of future grace. When we live by faith in future grace, we are freed from the lingering, paralyzing effects of well-placed shame.
  18. 1 point
    Not everyone that is on death row is guilty but truly if it were up to me there would not be a death row.if you are convicted and sentenced to death they take you outside and shoot you in public.
  19. 1 point
    I know exactly where your coming from. I have walked mean streets most my life. If Im in a bad neighborhood im going to be watching those that make it bad. I can get along with anybody . I can also be a threat to those that would choose to harm me. I have had many cop friends in my life. Good men who helped their community. help the old and try to give the kids someone to look up to. These same men would kill you in a New York minute if you are a threat. Its called doing your job. But with that being said I have seen bad cops you cant turn your back on and have to avoid
  20. 1 point
    Wiz, you had me at, "The caps/limits were outlined..."
  21. 1 point
    For those who do not see a problem...there is nothing more to say... For those who do see a continually worsening problem or perhaps we are just becoming more aware of what has always been there, here are some inspiring words from Edmund Burke: “All that is necessary for the triumph of evil is for good men to do nothing.” Here are others by Burke: “Nobody makes a greater mistake than he who does nothing because he could only do a little” “Those who don't know history are destined to repeat it.” **My favorite** “No passion so effectually robs the mind of all its powers of acting and reasoning as fear.” “The greater the power, the more dangerous the abuse.” “But what is liberty without wisdom, and without virtue? It is the greatest of all possible evils; for it is folly, vice, and madness, without tuition or restraint.” Source(s):
  22. 1 point
  23. 1 point
    Why, Thank You Skeetr. That's very nice of you. And you kept it nice and short for our friend. Lol and a ha ha ha I'm sure he will be pleased. We'll see. He should give you a greenie + up but I will wait until later to post mine so we will know. How childish of us.
  24. 1 point
    They know what needs to be done and how critical to their own lasting economic, social & political future this is. If they squander this priceless moment in history, they will have no one else to blame but themselves . . . of course like most politicians, they'll point the finger (s) else where. Won't much matter in the end when the whole darn country sinks into a morass of anarchy & chaos. Oh, and all of our IQD will in fact be no joke this time. It WILL be Toilet Paper. Pray, they don't screw this up.
  25. 1 point
    I closed a window on my hand that the same thing?
  26. 1 point
    oh the ever bouncing ball of the elusive rv, My gosh if all these liars say it probably won't happen because of this delay that delay then it must be so , because they have told you countless times before that the rv is going to happen tomorrow , sunday monday etc. I have been in this for over 8 years and the gurus have come and gone and many such as terryk are the same ones who have been predicting ,backtracking basically lieing to all of you , they have no sources , this is all made up b.s. , If and when this happens the only reason one of these idiots would be right is because of the frequency they predict it... for example , terryk as you all know has put out so many false predictions that if i had a dollar for everyone I would be rich as he has been doing it 52 weeks a year for at least 8 years several times a week.. Do not listen to any of these crackpots, No one truly knows what is going to happen with this , If it happens consider it a lucky lottery ticket, I do honestly believe that there is money to made here over time but nothing like the windfall that these morons want you to think you will make as they entice you to buy more... best advice dont buy anymore, keep what you have put it away and hope for the best..... imho
  27. 1 point
    Thursday, April 16, 2015
  28. 1 point
  29. 1 point
    I like the ''Rassberry'' favor...
  30. 1 point
    Please allow me to try and place it more simply. I have worked hard not to be a racist or have prejudice. I was born in Chicago and lived in and around Chicago. Some of this was during the 60's and 70's. For those old enough to remember, those were not the best of times in Chicago. I still tried not to be prejudice. I knew a great number of wonderful black people who were nothing like the Panthers. Later in life I owned my own security company which specialized in working in high Hispanic populations. My partner in the company was a big Hispanic born in Texas. After so many years of death threats from the drug mules and middle line dealers we all started looking at them differently. Keep in mind this also included my partner who already has a different view of Mexicans vesus Hispanics. If you do not think there is a difference, ask a Hispanic and you will learn. I have difficulty with mexicans. I see a group of mexican boys and my alarm goes from yellow to orange. They do not have to do anything because in the past if I did not immediately highten my alarm system I could be either hospitalize or dead. Any of you who have been in similar situations know exactly what I mean. You take a cop who works in a high hispanic or black community and he WILL see them as a potential threat. Just like any cop working in a predominate white community will see characteristic and have his alarm go up. This is natural. If you say you never had this happen it is either because you have never been there, are lying, or are dead.
  31. 1 point
    That's what I said! Sounds like someone has been drinking the Kool aid!
  32. 1 point
    You seem like a very nice person trinity. But I think this is your greatest flaw. i assume
  33. 1 point
    Hey Machine. I like it. Too long? Not at all. I guess some people are just too lazy to read and then have to complain about even that. NYK Look under your Avatar where it says "Location". For some reason, which I don't understand, your little box has some information about how fast you are at certain things. It seems you have those figured out in your life. So maybe you could try this. Next time you go to read an article, pre scroll the article for length and if it looks like more than a page, get yourself a "5 Hour Energy" drink, and drink it. Go do something else for 30 minutes giving the energy drink time to take it's full effect and then return to your article/post for a few minutes of enjoyable reading and the time will go by much faster. Another remedy to your dilemma is to pay attention to the people that generally post longer posts and stay away from them, such as this one. I'm sure if you've made it this far you're probably having a difficult time right now. But feel free to complain. It's OK. I happen to know this is a BS post as are most of mine. So from now on why don't you stick to posts from "Sandfly". They are generally very short, concise and to the point. Generally not more than one sentence but if they are you can just skip that one since there are many to get through anyways. Sandfly is a very well respected member of our community and it has been well documented that every single post he writes has significant meaning and is well thought out. If, after reading several of them, and you don't agree, I would dare you to challenge that thought. And lastly NYK, If I were were to make a so blatantly ridiculous low comment like that I would certainly know how to use my words properly. We look past a lot of things here but if I have an issue I make sure I know how to use "to", "too" and "two. It really is very easy. Maybe I'm having a bad day. No that's not it. Mr. Machine. I am a little curious. Since there is no signature on your article/post/paper, did you write it? I hope so. Keep it coming and it's not too long. I enjoyed it and I'm others did also.
  34. 1 point
    Well...gurus are saying this week that it looks really good so I believe them. Gurus say each week that this is the week so I believe fact I believe anything a guru tells me. bablebablebablebable
  35. 1 point
    Parliamentary Economic reveal a proposal to create a sovereign wealth fund to attract investment Posted 25/04/2015 12:13 PM Babinaoz / agencies: Revealed to the Committee of Economy and investment parliamentary Saturday, its intention to submit a proposal law establishing a sovereign wealth fund to attract investment in Iraq, while showed that this fund will be linked to the International Monetary Fund to give guarantees to investors.A member of the committee MP proof Almamori in an interview with the Sumerian's News, "The Committee adopted submit a proposed law to establish a sovereign wealth fund for the Presidency of the Council of Representatives for approval, "explaining that" this fund exists in neighboring countries and more than 100 countries, and works to attract investments into the country. " newspaper: former ministers fled billions of dollars and Iraq billion recovered from the frozen funds , and added, "The fund comes through the financial allocation of the financial budget or from other sources," noting that "the Fund link may be shared between the Central Bank of Iraq and the Iraqi government, as well as have a link to the International Labour Fund." He continued Almamori, that "the purpose of the link International Monetary Fund, is to give guarantees or immunity to foreign investors when he came to Iraq, because of a lack of confidence as a result of the country's situation, "noting that" the management of the Fund is through her ​​company a certain percentage. " Almamori He pointed to the "Committee of Economy and investment parliamentary hold meetings and seminars with economists Iraqi government agencies concerned, to have their views taken and included law before approval. " It is noteworthy that "sovereign wealth" fund, is owned by the Fund by the state consists of assets such as land or stocks, bonds or other investment devices, and can be described these funds entities runs surpluses state of for investment, a group of money is worth billions of dollars invested by states in stocks and bonds.
  36. 1 point
    ISIL Uses Explosive Bulldozer to Kill Iraqi General, Three Officers MIDDLE EAST 12:36 25.04.2015Get short URL 23801 Islamic State fighters rammed a bulldozer packed with explosives into an Iraqi army convoy, killing a senior commander and three officers. Islamic State fighters attacked an Iraqi army convoy using an explosive-laden bulldozer, killing a four-star general and three senior officers on Friday evening, Iranian Press TV reports. The incident took place in Iraq's Anbar province. After the bulldozer rammed into the convoy, the ISIL fighters opened fire, killing the commander of the Iraqi Army 1st Division, as well as a colonel and two lieutenant colonels. Read more:
  37. 1 point
    Inflation, while removing more IQD from the domestic market in Iraq. Priceless. Sounds like the bowel blockage to the RV continues to loosen and will give birth soon.
  38. 1 point
    Thanks Machine...I know where to come when I do have the means to meet you...Investment in a totally self-efficient solar system, filtered water well and an old fashion barn yard wouldn't hurt in hard times either...What was the deal with the golf shop...Hell ya stayed under 150 bucks...It's been said that some of the biggest business deals are confirmed on the 'Fairways'...I think I'm only a couple of strokes off....''Too Inflammatory''....
  39. 1 point
  40. 1 point
    Heard the one about Beijing wanting to own the world's No.1 reserve currency...? U.S. MARKETS took more kindly to news of 'Chinese stimulus' this week than the Aussie market did, writes Greg Canavan in The Daily Reckoning Australia. I'm not sure what all the excitement is about though. A cut to China's banking reserve requirement ratio is not overt policy stimulus. It's in part a way to offset an outflow of capital, which is occurring because of the slowdown in China's economy. The biggest risk is that it frees up capital for lending to stock investors, thus giving the already heated Chinese stock market another blast of cheap money. Lending against land values is low risk compared to lending against equity values, which is what appears to be happening now. Whatever the reality, the market decided to like the stimulus story overnight, and higher it went. After all, upwards is the path of least resistance for stocks right now. Most global equity markets are in an upward trend and this is likely to continue until a catalyst – like an exit of Greece from the Eurozone – occurs. But that will never happen, right? The news of China's stimulus measures, announced Sunday, overshadowed the default of a Chinese property developer, Kaisa Group Holdings Ltd, which occurred on Monday. It is quite possible that news of the impending default forced the People's Bank of China's hand. Much better to have stimulus laden headlines than news of a default by a property developer. According to Bloomberg, this is the first ever default by a Chinese property developer on Dollar-denominated bonds. The company missed a US$52 million payment, but the story didn't reveal the size of the default. You're going to keep hearing about defaults in China in the coming years. And there will be more cuts to bank reserve requirements to try and plug the liquidity gaps caused by these defaults. Another Bloomberg story hints at a different, but complementary angle, to China's strategy. "China's push to challenge US dominance in global trade and finance may involve gold – a lot of gold. "While the metal is no longer used to back paper money, it remains a big chunk of central bank reserves in the US and Europe. China became the world's second-largest economy in 2010 and has stepped up efforts to make the Yuan a viable competitor to the Dollar. That's led to speculation the government has stockpiled gold as part of a plan to diversify $3.7 trillion in foreign-exchange reserves. "China may be preparing to update its disclosed holdings because policy makers are pressing to add the Yuan to the International Monetary Fund's currency basket, known as the Special Drawing Right, which includes the Dollar, Euro, Yen and British pound. The tally may come before the IMF's meetings on the SDR next month or in October, Nomura Holdings Inc. said in an April 8 report." China doesn't want the Yuan to be the global reserve currency. It may be a benefit in the short term, but in the long term it's a curse, as the US will discover soon enough. But they know a solid amount of gold reserves will buy a seat at the table when it comes to designing the next, non-US Dollar based, global monetary system. Despite this, gold in US Dollar terms continues to languish near its lows. It's not trending higher like global equity markets, so Western traders (with a very short-term mindset) continue to ignore it. So do most Aussie investors, despite the fact that gold in Aussie Dollars is in a healthy upward trend, a trend that started late in 2014. Aussie gold producers are making healthy margins at current prices, a fact made evident in some of the March quarterly reports that have just been released. These good results encouraged me to add another gold stock to the Sound Money. Sound Investments portfolio last week...and there will be more to come. This week Evolution Mining (ASX:EVN) announced the purchase of private company La Mancha's Australian assets, which will make them Australia's second largest gold producer behind Newcrest. Experienced gold players see good value in this market. Most other investors just keep buying the banks or Sydney property. You make money in the long term by going against the crowd...and then waiting for them to see what you saw previously. That will happen with gold again. I think now is the time to buy.
  41. 1 point
    Betting on renewables is still a profitable move, says this analyst... As the POLITICAL and financial pressures on fossil fuels mount, investors are starting to explore the renewable energy space with an eye toward reaping its potential. Here Rupert Merer, energy sector analyst for National Bank Financial, tells The Gold Report's sister title The Mining Report why betting on the future of renewables is a prudent strategy for profit growth. The Mining Report: Where is the renewable energy space headed in terms of profitability? Rupert Merer: Most renewable power companies have long-term production contracts that provide a relatively low-risk return on invested capital. This is a capital-intensive industry with a lot of invested debt and equity capital. There is excellent visibility on cash flow and revenues – as long as 40 years out in the case of small hydro contracts. The duration of small wind and solar contracts is 15-20 years. With steady cash flow, the renewables sector can provide dividends of more than 5% for income seekers, typically with good visibility on future dividend growth. As solar and wind power have seen rapidly declining costs over the last few years, they have also seen very high growth. We think that this growth will continue and there should be an increasing number of investment opportunities. TMR: What are "sustainability investors"? Rupert Merer: There are a few funds in Canada, the US, and the United Kingdom that invest only in renewable power assets. Some of these fund managers believe that there is an inherent risk with fossil fuel investments. Of course, if governments start to tax carbon at a higher rate or introduce cap and trade, then that could be a limiting factor for using fossil fuels to generate electricity. Investors in the energy sustainability space typically look for a ratio of more than 50% clean energy in the stocks in their portfolios. Clean energy includes renewables and power plants that use natural gas, provided that the plants are high-efficiency co-generation plants or combined cycle plants. TMR: How does a renewable energy project secure a long-term contract? Rupert Merer: That depends on the jurisdiction. The Canadian power market is regulated at the provincial level. Ontario is the most populated province in the country and it has been the most aggressive at developing renewable power over the last decade. In the past, the government has offered fixed price contracts, or "Feed in Tariffs", for renewable power at a price that would provide an attractive economic incentive for developers. However, generally, in Ontario or in other provinces, firms will bid on, say, delivering 200 megawatts (200 MW) of wind power, under a competitive request for proposal. The contract will typically go to the lowest price bid from a viable entity. In the US, contracts are often arranged between developers and utilities or businesses in the private sector. Projects have typically also included financial partners that have purchased tax credits from the developer. TMR: Given that wind and solar intermittently generate pulses of energy into the grid, has the grid developed the capability to access renewable energy when it is live, while compensating for it when the generator goes temporarily fallow? Rupert Merer: The easiest way to compensate for intermittency is to increase transmission capability. If the local area has more wind or solar power than it can use, it can send it to a neighboring region. Another way to manage intermittency is to decrease the use of power on the grid when there is a deficit of renewable energy. For example, operators can shut off air conditioning loads when there is a deficit of power. As the amount of renewable power grows, we will need to find better ways to store power. Today, the best way to manage volatility in electricity supply is the regulation of hydropower production. With our hydro capability, Canada is a giant battery for the U.S! British Columbia controls about 13 gigawatts (13 GW) of hydro. It actively trades power back and forth with California. In Quebec, more than 30 GW of hydro leverages a storage capability that can trade power with the Eastern Seaboard. Manitoba trades 10 or 13 GW with the Midwest. This works for Canada today, but it may not be enough in the future. TMR: Electrical storage is an issue for the renewable energy sector. What are the advancements in battery and other storage technologies? Rupert Merer: The majority of dedicated electrical storage in North America is in pumped hydro. The use of compressed air storage and reliance on batteries is increasing. But the lithium-ion battery technology has only advanced incrementally during the last few decades. The cost of manufacturing batteries has dropped with higher demand for battery use in electronics and electric vehicles. Today, batteries are still relatively expensive, but there is a push to increase the amount of storage on the grid, which could increase the demand for batteries. Hydrogen technology and flywheels also continue to develop and should also play a very important role in grid management in the future. TMR: What is the role of graphite in battery production? Rupert Merer: There is 10 times more graphite than lithium in a lithium-ion battery; it's an important part of the makeup of the electrodes. Typically, batteries employ a mixture of synthetic and natural graphite, but the synthetic material is relatively expensive at up to $6,000/ton. On the other hand, natural graphite is mined and processed for between $400 and $500/ton. Graphite prices have been relatively soft for the last couple of years, but the high growth in battery markets should drive an increase in the demand for graphite. TMR: What will be the effect of the demand factor on the price of graphite? Rupert Merer: One can argue that the price will rise because the demand is going to grow, but there are a fair number of deposits that are out there that are feasible at the current price. If the average price was to move up from roughly $1100-1200 per ton today to $1500-1600 per ton, a number of deposits could come on line. As with the history of most commodities, the graphite price will remain relatively stable in the long run. It can be volatile in the short term, but I do not assess that it will take a big increase in the price of graphite to increase the supply. TMR: Do the existing graphite mines have the capacity to absorb the projected demand or is meeting that demand going to require exploration? Rupert Merer: Most graphite – roughly 500,000 metric tonnes per year – comes out of China. But in the short term, we believe that there will be a contraction of supply coming from China. The Chinese government is clamping down on polluting mines, and there are news reports suggesting that the quality of the Chinese graphite is degrading as the miners strip the good deposits. Battery-grade material needs to be high purity. We see opportunities for graphite mines outside of China, provided that they can access very good quality graphite. Graphite is not like other commodity businesses. A customer cannot just go onto a commodity board and pick up the desired product. Graphite customers have very specific technical needs for their products, and they look for producers who can meet those requirements. TMR: Is the technology for wind farms improving? What are the main goals for wind technology going forward? Rupert Merer: Yes, the performance on wind turbines is constantly improving. Wind turbines are larger and cheaper than a decade ago. Whereas the first generation of turbines were 50-100 kilowatts, they are now more than 2 MW. And there are big improvements in turbine blade aerodynamics, which allow for 30% increased production from a single wind turbine. Ongoing technological improvements in turbine design mean that wind farms are efficient in relatively low wind speed environments, and that opens up the number of places where wind power can function competitively. The cost of wind power has dropped across the board. Wind farms are being built that deliver product priced at $0.06/kilowatt hour or less, which is very competitive with power generation from any other source. TMR: Are industrial users saying, "We're going to build a big turbine and when the wind is not blowing, we'll tap into the grid?" Rupert Merer: That is a growing trend, but a wind turbine-powered factory could end up paying more for the grid portion of its electricity. When users start to cut out the utilities, they will incur higher standby charges. I expect that industrial users will want to be completely self-generating in order to cut costs. That brings us back to batteries, of course. TMR: Thanks for your time, Rupert.
  42. 1 point
    How banking works today, versus how you think it might work... YOU'RE likely thinking that a discussion of "sound banking" will be a bit boring, writes Doug Casey in his International Man newsletter. Well, banking should be boring. And we're sure officials at central banks all over the world today – many of whom have trouble sleeping – wish it were. This brief article will explain why the world's banking system is unsound, and what differentiates a sound from an unsound bank. I suspect not one person in 1,000 actually understands the difference. As a result, the world's economy is now based upon unsound banks dealing in unsound currencies. Both have degenerated considerably from their origins. Modern banking emerged from the goldsmithing trade of the Middle Ages. Being a goldsmith required a working inventory of precious metal, and managing that inventory profitably required expertise in buying and selling metal and storing it securely. Those capacities segued easily into the business of lending and borrowing gold, which is to say the business of lending and borrowing money. Most people today are only dimly aware that until the early 1930s, gold coins were used in everyday commerce by the general public. In addition, gold backed most national currencies at a fixed rate of convertibility. Banks were just another business – nothing special. They were distinguished from other enterprises only by the fact they stored, lent, and borrowed gold coins, not as a sideline but as a primary business. Bankers had become goldsmiths without the hammers. Bank deposits, until quite recently, fell strictly into two classes, depending on the preference of the depositor and the terms offered by banks: time deposits, and demand deposits. Although the distinction between them has been lost in recent years, respecting the difference is a critical element of sound banking practice. With a time deposit – a savings account, in essence – a customer contracts to leave his money with the banker for a specified period. In return, he receives a specified fee (interest) for his risk, for his inconvenience, and as consideration for allowing the banker the use of the depositor's money. The banker, secure in knowing he has a specific amount of gold for a specific amount of time, is able to lend it; he'll do so at an interest rate high enough to cover expenses (including the interest promised to the depositor), fund a loan-loss reserve, and if all goes according to plan, make a profit. A time deposit entails a commitment by both parties. The depositor is locked in until the due date. How could a sound banker promise to give a time depositor his money back on demand and without penalty when he's planning to lend it out? In the business of accepting time deposits, a banker is a dealer in credit, acting as an intermediary between lenders and borrowers. To avoid loss, bankers customarily preferred to lend on productive assets, whose earnings offered assurance that the borrower could cover the interest as it came due. And they were willing to lend only a fraction of the value of a pledged asset, to ensure a margin of safety for the principal. And only for a limited time – such as against the harvest of a crop or the sale of an inventory. And finally, only to people of known good character – the first line of defense against fraud. Long-term loans were the province of bond syndicators. That's time deposits. Demand deposits were a completely different matter... Demand deposits were so called because, unlike time deposits, they were payable to the customer on demand. These are the basis of checking accounts. The banker doesn't pay interest on the money, because he supposedly never has the use of it; to the contrary, he necessarily charged the depositor a fee for: Assuming the responsibility of keeping the money safe, available for immediate withdrawal, and Administering the transfer of the money if the depositor so chooses by either writing a check or passing along a warehouse receipt that represents the gold on deposit. An honest banker should no more lend out demand deposit money than Allied Van and Storage should lend out the furniture you've paid it to store. The warehouse receipts for gold were called banknotes. When a government issued them, they were called currency. Gold bullion, gold coinage, banknotes, and currency together constituted the society's supply of transaction media. But its amount was strictly limited by the amount of gold actually available to people. Sound principles of banking are identical to sound principles of warehousing any kind of merchandise, whether it's autos, potatoes, or books. Or money. There's nothing mysterious about sound banking. But banking all over the world has been fundamentally unsound since government-sponsored central banks came to dominate the financial system. Central banks are a linchpin of today's world financial system. By purchasing government debt, banks can allow the state – for a while – to finance its activities without taxation. On the surface, this appears to be a "free lunch." But it's actually quite pernicious and is the engine of currency debasement. Central banks may seem like a permanent part of the cosmic landscape, but in fact they are a recent invention. The US Federal Reserve, for instance, didn't exist before 1913. Fraud can creep into any business. A banker, seeing other people's gold sitting idle in his vault, might think, "What is the point of taking gold out of the ground from a mine, only to put it back into the ground in a vault?" People are writing checks against it and using his banknotes. But the gold itself seldom moves. A restless banker might conclude that, even though it might be a fraud on depositors (depending on exactly what the bank has promised them), he could easily create lots more banknotes and lend them out, and keep 100% of the interest for himself. Left solely to their own devices, some bankers would try that. But most would be careful not to go too far, since the game would end abruptly if any doubt emerged about the bank's ability to hand over gold on demand. The arrival of central banks eased that fear by introducing a lender of last resort. Because the central bank is always standing by with credit, bankers are free to make promises they know they might not be able to keep on their own. In the past, when a bank created too much currency out of nothing, people eventually would notice, and a "bank run" would materialize. But when a central bank authorizes all banks to do the same thing, that's less likely – unless it becomes known that an individual bank has made some really foolish loans. Central banks were originally justified – especially the creation of the Federal Reserve in the US – as a device for economic stability. The occasional chastisement of imprudent bankers and their foolish customers was an excuse to get government into the banking business. As has happened in so many cases, an occasional and local problem was "solved" by making it systemic and housing it in a national institution. It's loosely analogous to the way the government handles the problem of forest fires: extinguishing them quickly provides an immediate and visible benefit. But the delayed and forgotten consequence of doing so is that it allows decades of deadwood to accumulate. Now when a fire starts, it can be a once-in-a-century conflagration. Banking all over the world now operates on a "fractional reserve" system. In our earlier example, our sound banker kept a 100% reserve against demand deposits: he held one ounce of gold in his vault for every one-ounce banknote he issued. And he could only lend the proceeds of time deposits, not demand deposits. A "fractional reserve" system can't work in a free market; it has to be legislated. And it can't work where banknotes are redeemable in a commodity, such as gold; the banknotes have to be "legal tender" or strictly paper money that can be created by fiat. The fractional reserve system is why banking is more profitable than normal businesses. In any industry, rich average returns attract competition, which reduces returns. A banker can lend out a Dollar, which a businessman might use to buy a widget. When that seller of the widget re-deposits the Dollar, a banker can lend it out at interest again. The good news for the banker is that his earnings are compounded several times over. The bad news is that, because of the pyramided leverage, a default can cascade. In each country, the central bank periodically changes the percentage reserve (theoretically, from 100% down to 0% of deposits) that banks must keep with it, according to how the bureaucrats in charge perceive the state of the economy. In any event, in the US (and actually most everywhere in the world), protection against runs on banks isn't provided by sound practices, but by laws. In 1934, to restore confidence in commercial banks, the US government instituted the Federal Deposit Insurance Corporation (FDIC) deposit insurance in the amount of $2,500 per depositor per bank, eventually raising coverage to today's $250,000. In Europe, €100,000 is the amount guaranteed by the state. FDIC insurance covers about $9.3 trillion of deposits, but the institution has assets of only $25 billion. That's less than one cent on the Dollar. I'll be surprised if the FDIC doesn't go bust and need to be recapitalized by the government. That money – many billions – will likely be created out of thin air by selling Treasury debt to the Fed. The fractional reserve banking system, with all of its unfortunate attributes, is critical to the world's financial system as it is currently structured. You can plan your life around the fact the world's governments and central banks will do everything they can to maintain confidence in the financial system. To do so, they must prevent a deflation at all costs. And to do that, they will continue printing up more Dollars, pounds, Euros, Yen, and what-have-you. While currency crises, bank runs and episodes of economic collapse are devastating to paper assets, they often hand us opportunities to pick up hard assets on the very cheap. Each month we scour the world looking for the best crisis-born opportunities from fundamentally sound businesses whose stock prices have been hammered down by fear, crisis, and politically caused distortions. Our Crisis Speculator delivers boots-on-the-ground reporting and opportunities from Albania to Zambia.
  43. 1 point
    This MP on the Economic Committee is saying that they've approved this proposed law that connects the CBI and the GOI to the IMF's "wealth fund" and Intl. Labor Fund. This is EXACTLY what is needed to attract investment money into Iraq. This is kinda like a world-wide FDIC for billionaires. The passage of this law will put Iraq on a par with all of these other countries with regard to attracting investment capital. And now, it's been presented from the Economic Committee to Jabouri to be put on the Parliament agenda. It'll be interesting to see how quickly this law gets as it goes through their laborious Parliamentary procedure, as well as how much press it gets.
  44. 1 point
    Thanks Yota...Those ''Ol' School'' guys aint hard to spot....If they can't get their hands on just aint there....I can hear'em now...''It was a lot easier to embezzle when Ol' Maliki used Hussein's way of governin'....''....Electronic bankin' with flat money is a wonderful thing....
  45. 1 point
    add this...Rafidain Bank intends to smart card adoption in the distribution of salaries 11/04/2015 10:28 | Number of Views: 79 Font size: BAGHDAD / Source News / .. intends Rafidain Bank smart card adoption in the distribution of salaries instead of manual cash. A statement by the bank on Saturday, said that "the Bank of Iraq intends to smart card adoption in the mechanism of the distribution of salaries of employees in departments and all state institutions, rather than the manual method of criticism." The statement added that "this method reduces the importance of the monetary circulation and keep the money in the form that allows for circulation at any time and any place." He stressed that "there is coordination and cooperation between the World Bank and the smart card company to issue a card for the majority of the state's institutions" .anthy / p Rafidain Bank intends to smart card adoption in the distribution of salaries History of edits:: 04/11/2015 8:34 • 146 visits readable {Baghdad: Euphrates News} intends to Rafidain Bank smart card adoption in the distribution of salaries instead of manual cash. According to a statement of the bank and agency {Euphrates News} received a copy of it on Saturday that "Rafidain Bank intends to smart card adoption in the mechanism of the employees' salaries distribution in circles and state institutions all instead of manual cash method." The statement added that "this method reduces the importance of the monetary circulation and maintain money on the form in which it allows to be traded at any time and any place. " He stressed that "there is coordination and cooperation between the World Bank and the company's smart card for the issuance of the card for the majority of the state's institutions." End Read more:
  46. 0 points
    CAUTION: Don't let yourself get TOO excited as there is (as there always was) a chance that "the" ride may take a bit longer.... maybe months or even more years before we can celebrate. Regardless of the present "buzz" we are feeling. Think about how many times we felt this same way over the years.... granted, this seems deeper, but is it because we have been on this ride for so long ? Just don't let any setback get you into deep depression.
  47. -1 points
  48. -1 points
    this just in related to above article... Central Bank: The rise of the dollar because of customs duties and income tax The governor of the CBI claims that at least some of the reason for the rise in the USD against the IQD has been due to the collection of customs duties (5%) and the collection of income tax (3%) on traders who are buying the the street prices go up to ensure the traders reap their expected profit.
  49. -1 points
    this just in related to above article... Guru Aggiedad77... Mezni: Parliament hosts Zebari on the lifting of tariffs Finance Minister Zebari spoke before Parliament this week about the decision to raise customs tariffs....sounds like Parliament is asking some pointed questions regarding decisions made by the COM to determine if they truly are in the best interest of Iraq in general.
  50. -1 points
    Whether or not the caps/limits are the same we do not know, but in the absence of any information to the contrary we will leave them in this News update. The caps/limits were outlined only in general terms to introduce the concept and stimulate each currency holder to review their options. This subject is still being discussed by the Controllers and therefore not finalized but it is suggested that it will apply globally. We will go into more detail once the RI/RV has taken place and directives are issued by the Controllers but in the meantime we can tell you that any excess will be held in the banks, to the owners account and released in installments over potentially 20/50/100 year period. The excess will be assignable we understand and one can always sell a future income stream as one can do with insurance policies. Also you can continue to hold the currency with a view to exchanging it at a later date in another bank via say a Trust or Foundation that you can have set up in the interim. We are currently exploring a couple of Trusts formats that look very interesting and we will revert on this matter when we have completed our deliberations on these useful third party vehicles.

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