LOCOMOJO

while were guessing I'm still thinking $2.16 and no later than July 30 (with a deadline to cash in anything with triple zero's )

the change is an entire currency swap and that wont take place till they go to the "Gulf Dinar" with the GCC group the translation word "RAISE" shows up in these articles for our word 'conclude',the Iraq currency has to be globally recognized this summer, Allawi is personally couriering paperwork from the USA to the UN headquarters as we speak the Kurds seem to have gotten the article 140 completed in their favor, Chinese are returning to the oilfields,...the RV of the Dong will likely happen simultaneously to avoid a "double Dip" as it were,.......the "Hydrocarbon law" has been completed awaiting implementation protocol and procedure,........the civil unrest seems to have been quelled swiftly, (a promise made perhaps?),,,,,,,,,,,,Maliki is out of it and will be on the run soon or in jail, I can feel it coming

...........Thats the Rudest CRAP I've ever heard,.....who in the hell do YOU think YOU are B.?.........you have a really bad day or something?........that crap was totally out of bounds and you well know it., do yourself a favor, hold onto what respect you've earned with this community by way of your fact finding and data chasing that we all appreciate and leave any personal opinions about anyone else unspoken thanking you in advance LOCOMOJO

...............Things that make ya go ,,,,,HHmmmmmmmmmmm

...............This is a barbaric custom, I hope to God that they stop it

..........Every percentage point that China gains in the market now makes our debt to them a wee bit smaller, they have been crowding us back, not in the same way,.. what they want is for the USA to back the Dollar with the Gold Standard again, problem is, our debt over-all nearly matches our GDP, .........NOT ENOUGH GOLD IN THE WORLD TO BACK THAT!!!!!!!!...........but they assume we will soon be able too,...HHMMMMMM. Do they know something that we don't know?,....OF COURSE THEY DO!!!!!!!................. Obama said he wanted to make the undervalued Yuan one of the primary focal points at the G20 summit in Canada this month (26th -28th I think) this is a slick move by China NOT to RV but to return to float before this meeting, it takes their head off of the stump, .......Mean while,... this means that they might use the same tactic with the VND, ie: float margin,..(being that they are reliant on China's currency) ...don't fret, it wont take long to climb if that happens because it will follow the Yuan as it CLIMBS, (and it will SWIFTLY) as other producers in the world get some elbow room to compete in the export mkt., ........I think China has been intending to do this all along but were dragging their feet wanting the IQD to go first,so they could make more on that currency by raising the value of theirs immediately after,(obviously not caring about the global effect this would have,but then again when have they ever?).......The USA still has the best cards at this point, ........Can China insist that the IQD come in above the Kuwait dinar? ......NO! , NOT GONNA HAPPEN, too devastating to Iraq,.................this man's math says,.............$2.16........(I know..I was guessing $1.49 before,......I re-thunk it a bit) ...........................JUST A GUESS FOLKS NOT A PREDICTION! *****************CHANCE FAVORS THE PREPARED MIND!!................LOUIS PASTEUR************************

.........It has merit in as much as it delivered an understanding of China's play in this theater pertaining to our debt to them and their elbowing into Iraq for position, the VND description "little toe" was great, good way to think about it, calling the G20 summit a "re-booting of global economies was a good metaphor as well, I can't knock these guys like some do on this site because they do have some value to their studies too.......................Great post Thank You .

The G20 meeting will tell all I'm hoping

THURSDAY, JUNE 10, 2010 Revalue Renminbi or Dogs Unleashed, Patterson Says June 10, 2010 Revalue Renminbi or Dogs Unleashed, Patterson Says China has until the end of the month to strengthen its currency before Congressional leaders impose measures to counter what they say is an unfair trade advantage, according to JPMorgan Chase & Co.’s Rebecca Patterson. Senator Charles Schumer of New York has introduced a bill that would require the Treasury Department to determine if a nation has a currency misaligned with the U.S. dollar. The proposal would let companies seek import duties to compensate for an undervalued currency and impose tariffs. China must begin strengthening the yuan, also known as the renminbi, before the Group of 20 meeting in Toronto on June 25, Patterson said, “Treasury’s said, ‘We’re going to stay quiet; we’re not going to put any pressure on you,” Patterson, head of foreign exchange at the private banking unit of JPMorgan, said during a Bloomberg Radio interview today on Surveillance with Tom Keene. “‘You have a window to move on the renminbi, strengthen it, and make everything more competitive. If it doesn’t happen by the end of June, we can’t hold the dogs back much longer’ -- no offense to the congressmen.” Since July 2008, the Chinese currency has been held by officials around 6.83 per dollar, after Premier Wen Jiabao’s government allowed a 21 percent advance in the prior three years. The policy helped exporters weather last year’s contraction in global trade while spurring criticism that China is giving its companies an unfair subsidy. Treasury Secretary Timothy F. Geithner said before Congress today that China’s exchange-rate policy is an impediment to a more balanced global recovery and allowing the yuan to strengthen would benefit Chinese consumers. The Senate will vote within two weeks on the measure aimed at getting China to raise the value of the yuan, Schumer said yesterday. Fastest Growing China’s exports jumped 48.5 percent in May from a year earlier, the biggest gain in more than six years, indicating Europe’s sovereign-debt crisis has yet to pose a restraint on the world’s fastest-growing major economy. “Chinese officials are smarter than some folks in the market give them credit for,” Patterson said. “Of the policy makers around the world, they’re in a unique situation: China is starting from a position of strength.” China’s small budget deficit, huge foreign reserves, and huge current account surplus mean that even if global growth slows, it has room to respond, according to Patterson. “Even if the U.S. and Europe fall off a cliff, China can act,” she said. “It can do something to keep growth up and if growth is getting too tight, boom, they put on administrative measures and they prick the bubbles before they overheat. China is actually able and is trying very hard to engineer its own version of Goldilocks.” http://articlesofinterest-kelley.blogspot.com/2010/06/revalue-renminbi-or-dogs-unleashed.html

........... Watermelon from our side now, .........it's what they aren't saying that I'm hearing,........

......I can assure you that China does NOT own 76% of Iraq, they are reported as having over 70% of drilling lease/contracts in operation there at present,... with the other contracts and offers on the table, China's drilling interests would drop to about 30% of all other countries lease/contracts in theater (if/when they are all honored and signed),.....there is not a provision for 'mineral rights' as we know it in the US, they drill on lease until production pays for the cost to drill,case and put to production, once paid for the first rights to purchase belong to them(China) they still have to pay Iraq for the oil ( at a shrewdly negotiated price I'm sure) especially if they also invest with Iraq for pipeline and roads to transport oil to the coast

........It's a gamble in the currency mkt. just like any other except here the low side is way low and the high side is enormous, ride it out with the rest of us, .........if you are feeling gun-shy then offer one of us your Dinar, someone here will give you fair price, but no need to chip your teeth at a forecast, It will happen in it's own good time

Thanks again Ron. I always look forward to reading your posts, .

basically they removed most of their M2 liquidity (reserves in their coffers) and through debit card distribution (Iraqi peeps deposited their cash into the system) ........bought as many USD from them as they could persuade for electronic funds, used USD to buy back auctioned currencies in reverse auctions, some bond trading ..etc.. ..........Frank26 claims that 6 trillion IQD is all that remains needing to be purchased back (in independent investors hands and in foreign banks as reserves ---USA ---CHINA ---SAUDI A. and thats why he thinks they can afford a RV of $3.86-------I personally think $1.49 with a deadline for bills with 3 zeros (hopefully at least 90 days or more) after which time they will adjust their 'controlled float above $3.00 and break even on everything they took back in at $1.49 its their only win-win option --------------------NO SLAPS PLEASE THIS IS JUST AN OPINION--------

.............great educational read, thanks for the post Ron ***************IF YOU DON'T LIKE THE WAY THINGS ARE,...CHANGE IT!,....YOU'RE NOT A TREE!!!*************'JIM ROHN'********

...................Sounds spot on from all I've studied this week , (and I've really studied this week!).......still thinking $1.49 with a 90 day deadline for 000 bills ******************IF YOU DON'T LIKE THE WAY THINGS ARE,...CHANGE IT!.........YOU'RE NOT A TREE!...........'JIM ROHN'

..............Liar .......Thief..........Ego-maniac...........greedy power-mad Saddam wanna-be,............THIS MAN IS THE STUMBLING BLOCK TO IRAQ'S PROGRESS ......THANKS FOR THE POST RON! *************IF YOU DON'T LIKE THE WAY THINGS ARE,....CHANGE IT,.....YOU'RE NOT A TREE................JIM ROHN*************

....................another great article from Ron,........thank you .

,,,,,,,,,Good read, thanks for this post Ron

.....I live in north Idaho, anyone know if Ali has an exchange bank in Salt Lake or Seattle? .

even a broken clock is still right twice a day

...........again........ WATERMELON ...WATERMELON...WATERMELON...WATERMELON .........think I'll just have an apple instead

............Don't care, he's usually rude anyway

........don't know what your looking at.......it says USD--------------sell--1170.000-.-.-.-.-buy 1168.000 http://cbi.iq/?pid=Home ------------------------------------------ and the auction page has this DETAILS NOTES Number of banks 18 Auction price selling dinar / US $ 1170 Auction price buying dinar / US $ ----- <---(this?) Amount sold at auction price (US $) 144,150,000 Amount purchased at Auction price (US $) ----- Total offers for buying (US $) 144,150,000 Total offers for selling (US $) ----- http://www.cbi.iq/index.php?pid=CurrencyAuctions

..........................AWWWWWW...........Watermellons