hot2bewe

You don't read well, I never said he new all about it. I was talking with him about the economy and he remembered that I had mentioned in the past I had bought Dinar. His next words were you'll be cashing in soon, and then went on to tell me about those two people.

I just got off the phone with a very close friend and my former manager at Bank of America. I will start by saying Bank of America is not cashing in Dinar yet, I repeat they are not cashing in Dinar yet. He went on to tell me that a female customer of his wired transferred 250k from a foreign bank related to a Iraqi Dinar purchase and that she was going to be wiring another 250k. He further went on to say that another client of his had 10 mil dinars and wanted to set up a meeting with the Client banking group. This person is very honest and has no reason to lie as he does not even own any dinar. Now whether the lady was telling the truth about the wire transfer I don't know, but why would she lie. My friend advised me the wire transfer came from a foreign bank. Something is going on.

Funny it's like Deja Vu all over again. The last time I remember the US gave money and military weapons to Iraq it bit us in the rear. Oh when will we ever learn our lesson.

If I hear " There's a lot of pressure to get this thing done" 1 more time I will vomit

Don't waste your time on the VND. Silver is where the ticket is. Few people actually know that there is less silver then gold. They are both being manipulated to keep them low because they are both used in many electronics. Silver reserves have already been shown will run out before gold and at these prices it's a steal.Typically silver has followed a trading pattern behind gold except for the last 5 years. This will change as the supplies continue to run out.

All the negative info I've seen has been refering to their amount of capital. Same problems the US banks had, except I don't forsee any bailouts coming over there.

Not sure who you really talked to but as a former bank manager myself I can tell you anyone at the Branch level will have no knowledge of the RV till it happens. Anyone that says otherwise is just blowing smoke.

Sitting here just thinking to myself I started to ask if Dinar Dealers can go both ways. We all know they are making a killing selling Dinars to us. Many have said that there are posters out there hyping the dinar to push sales. But is there another reason? I'm a firm believer that 1 or some of these dealers know what is going on because many of them have strong ties like family in Iraq. Is it possible for the dealers to be pumping because they know the RV/RI might be coming. As they know when it RV's All banks will jump on ship and exchange dinars. Now some people will not take any chances on mail or going to a office and just start calling around to the banks in their area and cash out at whoever has the best rate. I know this is true because I've seen several people post it. I'm sure the Dinar dealers know this as well. So is it possible that prior to the RV we may see some serious pumping because they are trying to make as much as possible before the RV not knowing how many people will cash in with them, if they even do cash in dinars. Just a thought and with everything that has been going on anything is possible.

Doc you're a pretty smart cookie and I enjoy your posts and input. What are your thoughts on the 582 bil Foreign CB Liquidity swaps already showing up as paid back. Now keep in mind this is the same deal that was done when the US originally invested in Iraq, just would like to hear you input on this.

I think at this point M would be happy to get anything.

Afagan is a bad example far less people and far less cash in circulation. Plus if you hadn't see there appears to be somewhere between 1-3 tril in minerals there. Kuwait has a high value because they only have like 30 bil in circulation and a population of about what 3-4 mil. They have that same oil value but far less in circulation. Iraq still has a lot of paper to bring in before they see the big bucks.

Keepmw - First of all 1 time and 5 bil have a pretty big spread between them. I thnk you need to go look at previous RV's and L O P's historically. In any RV or L O P the local currency has been killed so that foreign companies can come in and build, buy and invest at a lower cost to them. Jamaica, Romania, Turkey the list goes on and on. By devaluing the local currency it creates a non-competetive environment. Look at the local farmers in Jaimaica. You would think they could grow their own food cheaper then buying it from another country. But because the IMF and World Bank forced the devaluation of their currency it made local goods more expensive then imported ones. This sort of thing has happened time and time again. All you need to do is read and research. As far as the costs of goods and wages are concerned I think some of what you said or were rambling about is correct. If a person is making 100k dinar a month and the rate goes to 2 they will not get 200k dinar a month. Now the actual avg salary in Iraq is about 266 us a month and 3200 us a year. Now if you think a loaf of bread cost 3 dollars right now, then again very naive. Prices will reflect wages. They can get a bag of samon(their staple bread) containing 40 rolls for about .50 us cents or a loaf of bread for about 10 cents. Try to do that in the US. A new release DVD is about 1.75 us. What I'm saying is that the actual cost of living in Iraq is very cheap because the wages are cheap. If wages go up the cost of living will go up, it's just common math. Yes once it said and done there will be less physical dinar, no one is disputing that. In the end configuring banking, wages, prices is a very complex thing. That's what I refered to if a person working in a oil field is making say 266 us a month and the dinar rv's their wages will follow. because now the dinar is worth more then the dollar. It's a very complex formula that they use to figure wages and the cost of goods. There will be a period of high inflation after the rv till they realize at what level the prices need to be at. This can take up to 5 years. It's very complex. This is why as I said until all the major contracts have been signed with the figures already wrapped into them we will not see a rv. The whole 5 year plan thing that came out in the news is good, because that tells me they are close to signing all the deals if they are looking at a 5 year project. I could go on and on but I think you get the jist of it. Go back and look historically at RV's and L O P's and look at the outsomes, you will see what I'm talking about.

I always pay attention to the facts. Why do you think I laughed at the 19 country RV. Do you think I pulled those links out of no where, maybe it was research. Don't mean to come of rude. Exactly on GE. Iraq doesn't have to RV to pay GE, they have plenty of tradable currency that they can use to pay for the work. This was the only thing you said I agree with. Again I laughed when sonny started talking about the whole 07/26 contract thing even before GE was brought into the picture. You were reading into my whole GE mention a little bit to much without I think reading what I even said, or maybe just understanding it. Again not trying to be rude. Now for the rest of your statement. Ok if a country like Iraq where to RV and their currency rises what will that do to wages? Not hard, wages will go up. Do you really think a RV would take place and wages would not go up. If you do then you are very naive. So if wages rise what would that do to the production cost of a barrel of oil. Ummmm it would go up. Now for their currency being higher and exporting oil. The exchange rate of a currency has nothing to do with a contract price on a barrel of oil. That price is set by a little thing called the commodities exchange. So if oil is selling for 70 usd barrel it's selling for 70 usd. Now lets say the Dinar RV's at say 2 bucks per dollar. If the Dinar is valued more then the dollar and they receive 70 dollars a barrel and the dollar is worth less then the dinar how is that a benefit. Again the exchange rates have no effect on the price of oil. What you just said or implied is that if the Dinar RV's to say 2 dollars and oil is 70 dollars a barrel the US will have to pay 140 a barrel, and the answer is no they still pay 70 dollars a barrel. Just think about what you said and use simple economics and maybe a little understanding of the commodities markets might help. So if there is a RV the cost of a barrel of oil production would go higher because of higher wages. Hence the oil contracts. Here's some research for you. When a company like say Exxon negotiates a oil contract the production cost is built into that contract. So if Iraq signs a oil contract with them saying 6 dollars a barrel for production then it has to remain at 6 dollars a barrel till the end of the contract. Even if wages go up and naturally with a RV they would. Just like in any other country that has already RV'd in the past. So, no you did not shed any light for me. If they RV will it give them more purchasing power, of coarse. Iraq though is not in control of their own destiny, again you're very naive. As I never really look at any of these so called Gurus predictions with nothing but giggles. I hope you now understand a little better where I stand on that front. I don't get mad when dates come and go I just laugh. As I said Iraq has not and is not in control of the RV. When all the oil, natural gas, infrastructure and other projects have been signed we will see the RV. Why because all the costs will already be built into the contracts which were originally signed when the Dinar was only worth 1170 per dollar and the wages were figured at that price. In short the corporations are in control of the RV and there is nothing else to be said.

Funny how this has gone overlooked. http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost Notice also there was 582 bil Foreign CB Liquidity swaps. All of this has been overlooked by all the so called Gurus. Notice how the Liquidity swaps are not outstanding but the 100 bil from the IMF is. There is so much more going on then just Iraq and us wanting a RV and I stress wanting. Everyone of these so called Gurus seems to be overlooking the bigger picture. 19 countries Rv'ing all at the same time, what a joke. GE saying they won't begin to do work until there is a reconizable currency, last time I checked even though the Dinar is not reconized globally it is still traded. After all how did we all get our Dinar. Loans from the US,IMF and world bank. I want everyone to look at this link: http://www.kanabona.com/kanabona/?q=energy_cost_of_oil_production Where is the cheapest oil production cost. HMMMMMMM, the middleeast. What has been the really only development in IRAQ, hmmmmmmmmmmm oil contracts. The cost of production of oil has gone up huge in the last 7 years and do you notice when the increases began, 2003. Everyone says the world has been ran by oil just like in the past tea, sugar and tobacco. So naturally corporations are going to look out for themselves and look for that profit. Why would any of these large oil companies want a RV in Iraq. If a RV happens the cost of oil production goes up, once again costing them more money. You want to know why the RV has been delayed click the links do the math and there is your answer. Look at the break even prices. If Iraq wants to make money from a economic standpoint they are better off not RV'ing. Political bickering between Iraqi parties, nothing but a bunch of rabid dogs fighting over scraps. Their country is being sold off at the flea market. Can no one really see this are we just being blinded by the hope of making a ton of money. I really thought there would be some kind of RV by mid July. Not because of GE contracts but because of civil unrest. The corporations of the world don't care about the Iraqi people, they car about cheap oil. We will not see any kind of increase until the people have been pushed to the brink. Yet we are close to that there appears to be a little more unrest to cause. Obama saying the national debt to be paid off in 3 years, hmmmmm. I don't think so. So many read into to much and don't understand what is really happening, the bigger plans at hand. World unrest is what they need to achieve their goals. A chaotic state is what they want. Wait and see it will get worse. This is not a prediction but a brief outline of what will come.

The funny thing is the amount of money the govt has spent on the bailout which is around 5 tril, they could of just given 50k to all the US Citizen households and required they use the money to pay off debt. So the banks would of gotten their money and the American people would be a lot less in debt. But that would of been to easy. http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost

Qman - As I always say, "What Democracy". Little by little for the last 50 years our true Democratic values are dwendling. As many say we are a Repulic. A Republic is just a governmet without a monarch. In reality it's the closest thing to a dictatorship. Except we are ruled by a form of a monarch called Capitalism. Don't get me wrong some forms of capitalism are good but in the end it does not work, look at Rome. Capitalism was the sole reason for their collapse. So how can we spread something that we as Americans aren't able to fully practice ourselves. A true Democracy is directed by the people not elected officials that are paid off by corporations. This is the problem that greed"Capitalism", has been allowed to consume our lives. In the end it will be our fall as well. It's only a matter of time. Can americans do great things, yes. Can we overcome problems better than any nation in the world, yes. The hard part is getting people to realize that the blanket has been pulled over our faces. How many more times will it take before we open our eyes. How many jobs have to be lost. How many more people have to die before reality sets in. Our own government plays a game with us and slowly they are winning. I'm not saying hand everything out for free to those that don't deserve it. I'm also saying don't allow those who do to manipulate the system for their own financial gain. It is time for the people to set guidelines for the American govt. Not rules and laws created by the poloticians bt by the people. A kind of new government Bill of Rights if you will. Take for example in Florida. You have a guy that committed Medicare Fraud running for Govenor. Now it's bad enough he is able to run for office but would be even worse if he won. This kind of garbage is happening all over our country and it needs to end. The poloticians need to be held accountable before and after they have left office. We want good people in office so lets make it happen. We need men and women that promote strong values for our country. If they cheat on their husband or wife bootem out. If there is any form of corruption before or during boot em out. Is it out of the question to make them take manditory lie detector test yearly, no I don't think so and neither should you.

Adam you may want to rethink your BP strategy, read the article, http://finance.yahoo.com/news/Paper-Mideast-looking-at-apf-251771645.html?x=0&sec=topStories&pos=main&asset=&ccode= A looming takeover would kill the stock and many of the Middle-East funds are restructuring. That's why I said to wait on a buy till more things surfaced,

Bigfoot I hate to tell ya but like they say in Europe every pimp has a Rolex, try for a Patek and post a picture.

BAGHDAD – The two Iraqi leaders vying to become the nation's next prime minister will get personal pleas Sunday from Vice President Joe Biden to end their rivalry that has delayed the seating of a new government as American troops head home. Biden, the Obama administration's point man on Iraq, was discussing the stalled politics in separate meetings with Prime Minister Nouri al-Maliki and his chief challenger, former premier Ayad Allawi. Iraqi politicians have been bickering since the March 7 parliamentary election that left the country without a clear winner about who should have the right to form the next government. Al-Maliki and Allawi largely have been driving the delays as each tries to outmaneuver the other for a majority share of support in parliament. Allawi showed up a few minutes late for his afternoon meeting with Biden at the home of Deputy Prime Minister Rafia al-Issawi in the heavily fortified Green Zone. The two men greeted each other in English before reporters were shooed out of the room. Mahmoud Othman, a senior Kurdish lawmaker in Iraq's parliament, said it was too soon to tell if Biden would be able to break the political deadlock. "This will depend on to what extent the political parties will be flexible," Othman told The Associated Press in an interview Sunday. "But if they stay adamant to their demands then, in my opinion, it will be hard to go forward." Earlier, at a U.S. Independence Day citizenship ceremony at one of Saddam Hussein's former hunting lodges, Biden stressed that all of Iraq's competing factions need to feel included in the new government — regardless of who leads it. "Until they get that straight — and they're getting it straight — then there's no real shot to become what they're capable of," Biden said. "When the new government is formed it will mark something extraordinary: a peaceful transition of power." Yet insurgents continue to find gaps in Iraq's security forces, and on Sunday suicide bombers outfitted with explosive vests struck provincial government headquarters in two cities. The targeting of government offices is a hallmark of al-Qaida in Iraq, which may be looking to use Biden's visit and the U.S. holiday as a reminder of Iraq's continuing instability. The deadliest attack came in Ramadi, located 70 miles (115 kilometers) west of Baghdad, where a female bomber detonated her vest in a reception room outside Gov. Qasim al-Fahadawi's office. Four people were killed and 23 injured, Anbar provincial councilman Aeefan Sadoun said. The governor, who lost an arm and part of leg in a similar attack in December, was in his office at the time. In Mosul, Iraq's third largest city and a northern stronghold of al-Qaida, police shot a suicide bomber near the provincial government's headquarters, although the bomber still managed to detonate his explosive belt, a U.S. military official with knowledge of the incident said. Iraqi police said two policemen were wounded in the blast. Whether Iraq's ongoing political instability would lead to violence has been a concern since the March election, when the Shiite prime minister's State of Law coalition narrowly lost out to Allawi's Sunni-backed Iraqiya alliance, 89 seats to 91. That left both groups well short of the 163-seat majority needed to govern outright. Al-Maliki appeared to gain the upper hand after the election by joining forces with the Iranian-backed Iraqi National Alliance to form a super-Shiite coalition. But even that partnership has been stalled by its inability to decide who will be its pick for prime minister. The vice president's aides said late Saturday that Biden believes that the new government — regardless of who becomes prime minister — must represent all sides to avoid touching off sectarian tensions that could destabilize Iraq. The aides, speaking on condition of anonymity to more candidly discuss Biden's thinking, said it appears that Iraqi leaders also agree on potential risks of a government that alienates any of the competing political factions. Charles Dunne, an Iraq expert at the Middle East Institute in Washington, said Biden's visit is a clear sign of "a new, more activist phase of American diplomacy in the election standoff." "There is a general worry that the United States is focusing on withdrawal and disengaging politically," said Dunne, who worked on the National Security Council and at the Pentagon during the administration of former President George W. Bush. "This makes (Iraqis) worry about their own ability to manage these political conflicts — and about the future of Iraqi democracy itself." Biden arrived in Baghdad on Saturday evening for the long July Fourth weekend, his second visit to Iraq so far this year, and the fifth since he was elected vice president in 2008. Also Sunday, Iraqi Kurdish leader Masoud Barzani arrived in Cairo for talks with Egyptian President Hosni Mubarak and intelligence chief Omar Suleiman on efforts to forge a new Iraqi government. Iraqi diplomats in Cairo said Egypt has embarked on a diplomatic bid to help resolve Iraq's political impasse. The diplomats spoke on condition of anonymity because they are not allowed to speak to reporters. Iraq's Shiite vice president, Adel Abel Mehdi, is expected in Cairo on Sunday. Associated Press Writers Lara Jakes, Sameer N. Yacoub and Sinan Salaheddin in Baghdad and Salah Nasrawi in Cairo contributed to this report

I think if you're going to call 1 a nutcase then all need to be called nutcases. There is not one dinar site owner that has acurately predicted anything. IMO the posters have better Intel then any of them do.

Ummm if you haven't looked lately GM is not even trading. It haulted at .75 cents and was converted into MTLQQ.PK, which is just a liquidation shell that is trading around .42 cents. They are also getting ready to do an IPO that they are trying to value at 70 bil. If they get the SEC to approve the new IPO before the govt is even fully paid back it would be a bigger Ponzi scheme then Madoff. So you won't really be able to buy GM till the new IPO and who knows what that will come out at, but chances are it will drop out of the gate. As faar as BP goes, thats like playing Russian Roulette. The 20 bil fund that has been set up is to BEGIN to cover damages and paybacks to gulf business and people. However this thing can turn real ugly. The cleanup costs are already around 3 bil and there is so much more to do. BP's gapup every morning for the last 3 days has gotten smaller and smaller from it's low of 26.75. We haven't even seen lawsuits come about and the people that will be filing lawsuits as a result of the methane problems. Now many forcasters are predicting oil sliding back into the 60's and maybe lower because of the economy slowing and overall demand. It is my belief we'll see teens on BP well before it recovers. Total costs of the cleanup and lawsuits are not looking anywhere between 50-100 bil. When you have that large of gap it's not good. Plus the volume on BP has been drying up signaling the heavy money makers have been pulling out. If you are going to buy BP be fully prepared to see your stock go down before it goes up. Things will be clearer after their first full qtr reporting with cleanup going on. Buying any stock is an investment and you are the only one that can truely make the choice. Always research the stock fully and never make a decesion based on what others say.

No over there they put the day then month then year

Interesting that they would completely close the bank thru the 4th. I know they're behind many countries in banking but I see no need to close the bank for that many days unless something is going to or about to happen. Still let's remember this is Iraq and we cannot expect anything normal with them. It sounds from other people their interest has been paid, so that can't be the reason. 1st half of the year over, well let's remember their official year begins in April for reporting purposes. So I don't it has to do with the whole 1st half thing either. I guess will see. I think if it does they will not officially announce it till next week.

Much of what he said is true. France has been hiding their problems and the EU has been hiding everyones problems. Germany was the only smart one of the bunch. Their citizens are screaming to get out of the Euro as they see their economy being brought down by all the other careless nations. Japan 0% rates for over 20 years, enough said. China is hurting as their citizens are starting to stand up for themselves, it's only a matter of time before their pay raises and they lose their competetive advantage. I almost have to agree with everything he said in this statement and for me to agree with him that's pretty good. Good post Ron keep it up.

All US banks have a spread