botat34691

They threw money at them and then taxed them higher, the people were none the wiser. The citizens were happy because they were getting more money and the taxes went to public programs that made the wealthy richer. I can see the same thing happening here. So let the violence pick up a little and then make them all rich followed by big taxes. US has been doing it to us for years and we still seem to be none the wiser. lol

Well if the violence is picking up making everyone over there wealthy would sure calm them down.

http://news.yahoo.com/s/ap/20100404/ap_on_re_as/as_un_central_asia Nothing really to do with Dinar but this is happening all over the world. Global competition for water. I've seen several economists claim in the future water could be worth more than oil and gold combined. I went to a conference 2 years ago in China regarding their long drought situation. China is on the forefront of Desal plants because their water supplies are going fast as well as other countries are strategically diverting water that would normally flow to china. Many of the middleeastern countries and countries in south america are also looking to this technology. This is something my own personal investment group has been studying for 5 years. In depth studies on the world water shortage have been going on for more than 20 years. This is a great Post RV investment in my opinion. My group is still looking at many options but in the long run and no one can deny the facts fresh water is becoming scarce globally. There has always been a long standing peace keepiing by the UN with water, but they are now finding it more difficult to keep that peace in place. Any companies that are involved with the building and workings of desalination plants would be a wise investment. Here is another good link to read http://www.eoearth.org/article/Water_governance more and more we are heading from Public Goverance to Public-Private Goverance and then eventually more and more we will see Private Goverance. Something for you all to ponder.

I saw this question somewhere else and started thinking about it. In theory under a Fiat based monetary system yes any country could. Since under a fiat system if the US wanted to we could use seashells as currency because currency is nothing really but debt. In a fiat system the value is based on the countries power and ability to pay back. Hence the dollar going down because many think we have gone overboard. This is something the new GCC might be looking at as well. Bottomline most of the oil reserves in the world that are easy to get to are in the middle east. No matter how many electric cars we will still need oil. And of coarse we all know there is only so much of it. So as we keep sucking it out of the ground it just becomes more and more valuable. By these countries pegging their currencies to oil they are looking at a never ending upwards scale on their currency. In the end it is possible, trying to figure how they would peg it is another question. It's my belief the US is scared about many countries moving away from pegging to the dollar, and that this is the sudden reason we are now seeing a lot of new legislation regarding foreign investments, foreign corps etc. We also see possible restrictions on futures trading which includes gold, silver and oil. Thoughts from anyone please.

There is no need for iraq to be borrowing money. They have or would have all the money they need to do what they have to get done just by pumping oil. Just a way for the IMF to make mucho dinero.

If there was no mention of ban I would say was because of the freeze all over world. Iraq is taking the right approach. In order for their economy to grow they cannot become reliant on the rest of the world. They have to make sure their imports stay low and exports way high. Something we should look at.

I will be looking into the Isle of Man. Their not part of the European Union and this is where all the real dirty SOB's hide their money. The Isle of Man is a "low tax economy" with no capital gains tax, wealth tax, stamp duty, or inheritance tax[26] and a top rate of income tax of 20%. A "tax cap" is in force. The maximum amount of tax payable by an individual is

Is it possible for them to do a revalue for Dinar held only in Iraq or one of their banks. Kinda stupid question, I know but these days you never know.

My wife just confirmed, a non-customer can buy up to 2500.00 USD worth of foreign currency at 5/3. Be prepared for a manager to tell you otherwise. If they do advise them of their corporate policy and ask to speak to the regional manager if you do not want to open an account.

DMYLES I have heard many 5/3 branches are no longer selling to non-customers. My wife advised me it was up to the regional manager. Their corporate policy clearly states they can sell to non-customers, but only a certain amount. I think it was like 1500 or 2000 USD. Anyway they are doing this in many markets to try and get their "accounts open" numbers up.

If god likes a RV then that's good enough for me. I remember these passages as well. Took me awhile to sift through all the garbage in my head but I remembered them.

Hey, I live in Florida. It's not our fault many ballots ended up in the Atlantic.

I know everyone or most have heard of the Carlyle Group. There's rumors all over the internet, books, TV shows and radio shows of their intentions or speculation of their attempt to take over the worlds finances. So how much of this is realy true? Well let's look at what we do know. The Carlyle group is invested in some pretty weird things. Defense contracts; currency processing, security and accounting; healthcare and the list goes on and on. The 2 that have interested me the most have been the Defense contracts the Carlyle Group have won and of coarse the purchase of De La Rue's cash processing unit themselves. This deal done without very much public attention. Here's a quick link http://www.telegraph.co.uk/finance/newsbysector/supportservices/2791143/Carlyle-Group-and-De-La-Rue-near-deal.html I especially love how NM Rothschild was picked to sell the division. Now even though De La Rue did not sell the cash printing side of the business, the cash processing business is a big pickle. This was said: Tracey Graham, Managing Director, Cash Systems commented,

Oh here's an old link. http://www.baghdadbulletin.com/pageArticle.php?article_id=68&cat_id=14

With the Carlyle group owning De La Rue, which makes the money and the machines that count the money, anything is possible. I'd be curious to know how much De La Rue got to print the first batch of Dinars?

It appears the spread on exotic currencies is high everywhere. It can range from 15-25 percent depending on the bank. The smaller banks seem to have the lowest spreads. I would bet the DinarTrade is not only going to be charging the 150 fee but also a spread. They are claiming the feel they will be able to be any banks rate. We will see. Something tells me the people that cash in right away will get burned the most. Those who wait will probably get better deals and rates in the long run. JMO!

I live within 20 min to the Springhill location

Does anyone have any info on dealing with Warka Bank. I heard you can open an account through Citi?

Did they tell you what that rate is?

I did some comparing over at BOA and this is what I came up with. If you bought(These are the rates at BOA as of today you would get): Sterling - 1.5964 Euro - 1.4330 Swiss - 1.003 Canada - 1.0403 Australia - .9819 Saudi Arabia - .3039 Turkey - .7177 And the rate you would get if you sold back to the bank. Sterling - 1.4441 Euro - 1.2899 Swiss - .8869 Canada - .9345 Australia - .8619 Saudi arabia - .2364 Turkey - .5935 the sread is based on buy vs sell Sterling - .095% Euro - .099 % Swiss - .11% Canada - .10% Australia - .12% Saudi Arabia - .22% Turkey - .17% So it seems when buying and selling currency at BOA the more common it is the cheaper it is. Now wire fees are cheaper. So it may make sense to open one of those accounts through CITI and when it's all said and done have them wire the money back in US dollars. US banks charge way more to convert foreign into US than foreign banks charge to convert foreign to US. I wonder what Citi will charge to deposit Dinar into one of those accounts. Noone the less I will be exploring all options when the revalue takes place.

Once the Dinar is free floating and accepted everywhere they cannot charge such a high spread. The banks all charge a spread buying or selling banknotes or foreign checks. It just seems 5/3 right now is trying to take advantage of the fact that there is really no one else doing it right now.

Mostly 5/3 is in the southeast and midwest. The markup you see now is because they are one of only 2 banks buying and selling. With a revaule you can bet that more banks will be buying and 5/3 will have to lower the spread. Maybe this spread was thought of long ago to give the US banks a ton of money. It would seem to me though that once the Dinar is freely traded it will have to be exchanged like any other currency at a normal spread. Either way I'm curious to see what other banks will charge on the spread once the currency is free floating. I can't see them charging that same spread when all the other banks exchange it as well.

5/3rd is cool in one way that everything with them is local. So the branch manager can go to the regionall and say hey I got this person with 5 mil IQD and they want a better exchange rate and the regional can approve it, but you better be prepared to do some business with them.

Once the revalue is done more than likely we'll have our choice of banks. 5/3rd is a good place to buy them for right now. As far as cashing them in, I will wait and see who has the best rates when IMO the revalue happens. I already have accounts at 5/3, BOA, and chase. I'm thinking about opening a CITI and Wells Fargo as well. That way I'll have all the big boys covered. More than likely they will be the ones we will be able to get the best rates out. I'm sure 5/3 is charging a premium to cash in Dinar right now as they are one of the only 2 to do it. As I said once things clear if they are charging a premium they will have to lower it to compete.

I can confirm that with my wife as well.