Zekiel

Too bad there are those who will use this to perpetuate race baiting, for personal and political agenda. This man would not be dead, if the police were not instructed to enforce, the 'No street vending' laws, that are all about collecting excise taxes. This is just so, typical, that politicians and their lust for spending, use the police as their personal 'Revenue Collection' agency. In the words of Deblagh-sio... "We lost $50 Million in revenue from the black market sales of cigarettes." It's all about taxes, that this man had to die. Here's the thing....... it would be a cause, that blacks would find Tea Partiers would join in with them, if only we did not have the race baiters, turning this, into a mob driven, Ferguson and Trevon Martin style, racial division. The introduction of race, is planned, Hegelian Dialectic, to intstill fear, divisiveness and chaos, for the purpose of power and control, by means of, the principals of Sun Tsu warfare, being implimented against the masses...... namely..... "Divide and Conquor". People like Al Sharpie and Jesse Jackarse are 'Plantation' schills...... puppets to perpetuate crisis for profit. Pity da foos, if the people were united. That scares the hell out of the progressives who want to rule and regulate away your freedoms..... the concept of millions of blacks and whites becoming unified...... that is a terrifying proposition to the professional dooshba...... err..... I mean, politician. Just sayin' I might join in too.... if they don't turn it into a racial division. "Smokes up! Don't choke!"

No worries. Planet X will keel all the kitties and animal rights activists, before they get infected with this, anyway. "Life is known to be the leading cause of cancer." ~ Unknown

Appreciate that Jupitergirl. So kind of you. Keep up the good work.

Hey, Jupiter. Thanks for the post. I can tell you for a fact, that Enoch8 was not addressing Highlander, in that post. In fact, if you are a member of the forum where that original discussion is located, you would know that. If you read that thread, where Enoch's response came from, he was addressing the article from CBI and a couple of folks, who thought it was referencing a revenue neutral event. In Highlanders remarks (Or anything I have heard Highlander say in the series they are doing), nothing leads me to believe she is advocating any such notion, as what some others said, in response to that article. Looks to me, like Highlander is pointing out, that in the CBI Plan, ( Actually, in reality 'CBI Plan' is an improper term, because the 'Plan' is a GOI, 'Ad-hoc, Economic Committee Plan' consisting of the Ministries of Finance and Planning and the Board of Governors of the CBI, just for the record ), which Enoch8 and Highlander have compiled a series that will explain, that it is not likely that what is being reported as a simple re-denomination, as the papers have consistently been saying for the past 2 years, will be what is finally unveiled. People were basically freaking out with the meaning of that article, and some even showed the RD being revenue neutral as being 1 possibility, if the so called plan, that CBI is consistently showing in the news articles. I can tell you I know both Highlander and Enoch8. Highlander has never advocated anything like what was being said, in that original thread or anywhere else for all that matters. It seems like there have been some comments out there lately, from a handful of people, who seem to have some kind of ax to grind with her. Maybe if those folks would take the time to study and listen before they open their mouths about her, they might learn something. It also occurs to me, the very people bashing her might have their own agenda. Just saying.

True dat, carrello. Speaking of cranky..... In the words of Clint Eastwood, "Keep of my lawn!"

ROTFLMAO Figured you were baiting me..... heheheheh!

What I am suggesting is, more simple to understand if you do not get hung up on a $3.50 rate (which is a 350,000% return) With that, look at this as a legitimate investment, and understand, that in any real investment there are risks and no guarantees. Now, consider, that it is possible, for GOI to increase liquidity and hence liability, which in effect, could cause a nice profit at the point of redemption, IF, the GOI will support that increased liquidity, to the extent they are able. My personal view is that they can indeed absorb liability that would more realistically, be in the range of under $1 Trillion US, and over $300 Billion. That would be a more realistic and real estimation of what the actual Equilibrium would suggest, in primary and secondary market demands in all 3 methodologies used by the IMF and World Central Banking in exchange rate policies. That equates to about 1 cent to maybe 3 cent per dinar and is about a 1000% to 3000% return on your investment. So, that said..... if that is logical, then please...... you tell me, if that is worth owning dinar, if there is even a 50/50 chance of that being the case. I am just saying, there are no guarantees. That is a fact of life. If you see it as being a bad investment, because you cannot be guaranteed, a 350,000% return ..... or to be payed $3,500 dollars for every dollar you invested..... then ok..... you have me there. Since only you can determine that for yourself, and if that makes it a bad investment..... who am I to argue with you? If you say the possibility of only a 1000 to 3000 % return with a 50/ 50 chance of a lop is a bad investment...... then for some, perhaps it is. One thing I will not do is to give false hope. False hope is not hope at all. In fact, i know people who have lost everything, to such false hope. Personally, I happen to think the potential for over a 1000% return, is one of the best investment potentials of my lifetime...... then again..... that is only my own view of the world. That is good for me..... might not be so good for anyone else. All I can say, is do not buy any reserves based on any windows this year, for any RV over 10 cents. Send me the money instead. I will at least send back half of it after your 45 days expires.

Here is the last paragraph, I was referring to: "It is noteworthy that Article 36 of the Law on Central Bank of Iraq gives him the right to replace the currency and adjusted according to the list of control governing the work of the new currency." Some will try to use that statement, to say, GOI has no say, that CBI can do an RV, unilaterally, and try to use that statement to prove a point, that they are an independent agency and can act unilaterally. To some extent, yes, they can, but that is also limited. Here is why, in part: So, pointing out in advance, that the last paragraph, of the article, will become another talking point used by some, to show, that CBI has total control of an RV, which is nothing to do with increasing the value or liquidity of the country. The people of Iraq and their elected representatives are the ones, who increase liquidity and CBI cannot take on the liability of increased liquidity, beyond their means. The limit of CBI's means is directly proportional to their available Foreign Exchange Reserves, which is only, $60 Billion US. With 30 Trillion IQD in circulation, to revalue at say, $1.00, CBI would have to take on the liability of $30 Trillion US. Only GOI can take on that kind of liability, and even that, would be a real stretch. If increased value = increased liquidity, (which it would be, in any Revenue Positive Event, whether RD or RV), then Increased Liquidity = Increased Liability.

OK........ so look at this paragraph again: "He noted the benefit that the new currency contained categories of paper and metal, stressing the importance of the project to delete zeros in facilitating financial transactions, and pointed out that government banks are the only outlet for the process of replacing the currency that will continue over two years ." This has nothing to do with cashing in. All it is referring to is the exchange, which is part of a redenomination. In an RD, all nations who have done that, all have a term called an Exchange Ratio, which has nothing to with Exchange Rate. Exchange Ratio is the number of old notes to exchange for new notes. Now, understanding that, then we can understand, that all this means, is that GOI Banks will be the official distribution point, where old notes are redeemed for new notes, as a free service. Knowing that, now it is a bit easier to understand, that this does not say, that dealers or private banks will not still take in old notes, for a fee or spread, for new IQD, USD, Euro, Yen, etc. and it certainly would not preclude any international treasury, from trading with GOI Banks and CBI. We are really letting our imaginations run away from us, to suggest a closed border, means nobody but Iraqis can cash in, and it certainly does not mean international banks and dealers cannot redeem old notes for new ones, at the GOI Banks. All it means, is that GOI Banks are the authorized distribution point for redemption of old notes for new notes, at the officially announced exchange ratio. Much of this will in fact, serve to our benefit and that of Iraq, because it is simply a way, to better regulate to keep laundering and counterfeiting from getting out of control. Strict closed border policies, that preclude outsiders and even internal private banks from the process, are only done, historically, in totally despotic regimes. We are worrying here about nothing, basically. The greater issue, will be the RD Exchange Ratio, because it remains to be seen, if this regime will do a revenue neutral, revenue negative or revenue positive, Exchange Ratio, in tandem with a 1000 to 1 RD. That has never been revealed and more than likely will not be, until the GOI authorizes, the increase of liquidity and accepts that liability, for themselves and for the people of Iraq. One other note, concerning the authority of CBI under 36 CBI law, to issue new currency. Be careful with this one and what you wish for, because that would only mean a 1000 to 1 Exchange Ratio, because CBI cannot take on the additional liability, for anything more than a 'Revenue Neutral RD'. It would take the GOI to authorize and accept the additional liability, for a 'Revenue Positive RD'.

Here is a chat discussion edited for this article, from Enoch8. Enoch8: The article cannot be 100% right.... you certainly cannot take it word for word Here is why It only says a 1 and 2 dinar...... and the trade is 1 new : 1000 old. That cant be the case, because the smallest coin they would have, would be worth $.86 Enoch8: These articles are just as speculative as what we are getting on dinar forums, IMO It is easy to conceive, that a journalist with no more data than we do, would say that about the 1:1000 ratio....as he has nothing more to go on than what they are hearing. But.... it is also conceivable, he may be hearing something new..... that the 1 Dinar coin might be the smallest denomination contracted for printing. Enoch8: OK..... if that is so..... the current smallest in circulation is the 50.... supposedly not being used..... or the 250, still being used. Enoch8: Watch : The 50 is worth about 4 or 5 cents. It would make sense that there is no need for a smaller value, if 1 new dinar is roughly 4 or 5 cents, same as the current 50 dinar note OR..... Enoch8: If it is the 250 they target..... it would be about 1 dinar comes out to about 22 cents. Enoch8: I don't buy the later, for apparent reasons..... but the 4 cents lowest denom is in my personal target range, in ratios, once it comes out, because that might actually reflect a decent Old to New Ratio, better than 1000 :1, IF (Emphasis added), IF, the GOI will get behind the CBI in increasing the national liquidity. That is why we are waiting for Parliament for Monetary Reform Legislation.... and is a good thing, because CBI cannot do this on their own. If they did, this article would in reality, be the result..... namely a totally 'Revenue Neutral Event'. All we can do is hope they get it right. Nobody knows. Enoch8: If you have been following my writings over the last 2 years, my low number has consistently shown roughly 3.4 cents, based on real time Market Demand for liquidity to be increased, in primary and secondary markets, from currently $26 Billion, (The value of total 30 Trillion IQD, less 24.8 Trillion {The 70% removed from excess liquidity and replaced with USD, from May 2010}) to an added need for Market Base and Market Stability approaches in the methodologies, per IMF working paper reports, like Peter Isaard, for one, and IMF art IV consultations........BUT..... should they actually remove the old from circulation, the actual exchange rate might be a little higher. No way to know what they will do, so we just have to stay grounded. The new demand is closer to $560 Billion liquidity demand, based on the Ministry of Planning Basis year, 1988, when the basis liquidity was $80 Billion. Total liquidity is close to the M2 numbers, at only $60 Billion.... which is a direct reflection of liquidity remaining covered by reserves, after subtraction of liabilities, like currency in circulation. That is a $26 Billion Liability based on 30 Trillion reported by CBI as the estimated IQD in circulation. What this is saying, is that Iraq really does have the Market Demand, in Macro Econ, methodologies, according to Feasibility Studies, to take on that $560 Billion liability in real increased liquidity. Al- Saleh said recently, they plan to increase GDP to $350 Billion, which is fairly close to what this study suggests. Inflation index and combined with world averages in increased incomes vs Per Capita Purchace Power Parity, adds up to about a 10 to 1 or 100 to 1 trade ratio on a sliding scale redenomination of 1:1000, if you calculate some factors, I am not going to go into in this thread. I will discuss this more on the Friday Night Series, "Dinar, Fact or Fiction." Those should come very close to these numbers. These journalists have no more data than we do. Hell.... we might even really be far more educated than they are. End of Enoch Diatribe

Seems like this thread should have the actual article posted. Saturday, 25 February 2012, 07:58 GMT New banknotes to be introduced in September The Kurdish Globe Views differ on financial and socioeconomic impacts Despite fears of a negative economic impact, the Central Bank of Iraq will remove three zeros from Iraqi dinar notes and print new banknotes in 2013. The Central Bank of Iraq has agreed with the Economic Committee of the Iraqi Parliament to introduce the new banknotes in September 2012, which will be used in parallel with the current banknotes for a year. The CBI will completely withdraw the old banknotes by September 2013. Abdul-Hussein Abtan, Economic Committee Member of Parliament in Baghdad stated in a press conference that there is an initial agreement between Parliament and the central bank to start the process of removing three zeros in September, and it will take a year to complete. The new banknotes will be printed in Arabic, English and Kurdish. The CBI will introduce three new banknotes: 50 dinars, 100 dinars and 200 dinars. For smaller transactions, the CBI will also issue 1-dinar and 2-dinar coins which Iraq currently does not use. MP Abtan says "The grant agreement is to ensure that during the one year process, the old banknotes are traded in the market and replaced by the new one." The CBI expects this move to positively impact the country's economy; however, some parties say the negative consequences will be more serious. The Security Commission says deleting the zeros will have a negative impact on financial trade in the stock market. Other opponents of the move argue it would pave the way for money laundering and want the government to reconsider its decision. Supporters of the idea believe the introduction of the new banknotes will help reduce inflation, strengthen the Iraqi dinar in the international market, facilitate trade with international banks and other financial institutions, as well as reduce the social gap between classes. "The process of removing zeros from the currency will contribute to dealing better with inflation, facilitate economic cooperation with international banks and reduce the differences in [standards of] living in society," Abtan explained. Mahma Khalil, another Member of the Iraqi Parliament and official spokesperson of the Economic Committee says an agreement has been reached about the mechanisms of introducing the new banknotes after a series of meetings and discussions with the CBI Governor Dr. Sinan Al Shibibi. "According to the agreements, the new bill will be printed by a European company and introduced to the market gradually and in a well-planned schedule to ensure it will not result in shocks and would not have a negative impact on the market," explained MP Khalil. He added the exchange rate between the new banknotes and the old ones would be 1:1,000. The objective behind this move is to appreciate the value of the Iraqi dinar against the U.S. dollar, which would in turn increase the balance of the Iraqi dinar and there would be sufficient reserves of that currency," explained MP Khalil. "Additionally, the economy of Iraq would grow and oil sales would also increase." Khalil added that Iraq has a reserve of $60 billion in the CBI. The CBI previously stated it would consult with Parliament and representatives to see whether there would be a need for a law to be passed for this shift. The Economic Committee announced on 19 February it was introducing new legislation for the purpose and would also address the inflation issue in the country. The introduction of new banknotes and withdrawing the current ones from the market is generally expected to reduce and control the number of dinars in circulation and would also help facilitate payment systems and control the banking transactions in the country. http://www.kurdishglobe.net/display-article.html?id=3CBF63FA930E6C8FF6BBF1EDC3B7D027

Great find Dinar Buddy. Thanks for sharing it. Poo-roos LMAO Many of these people do not deserve the honor of such a reference as 'Guru'........ how about Net Seers or Net Sayers? Kinda like,' Poo-Roo' = Poopycock

This looks to me like some stuff you could actually locate at the IMF website archives, under Article IV consultations, maybe Article XIV agreements, and possibly, areas concerning exchange rate regimes and methodologies. Seems like I recall Enoch has posted such links, many times.... and I notice there are always sufficient leads to do your own due diligence. kmwf....... that said, your observation is spot on.

It always amazes me, that so many folks are ready to trash and bash on Israel, but how very few people understand that the Zionists are Apostate Jews and are not anything more than false Jews and are not even true Israelites. To Rip on Israel because of the Apostate Zionists is about like Ripping on America, because of the Apostate Zionist Bankster Gangsters of the British Crown. Just sayin'

Yes , if this were not true, we would also be in multi digit hyperinflation. So, in effect, it has enabled the Fed to export debt to hold a value, without putting that wealth into the hands of the people. That is a plan which is being perpetuated, which is doomed to ultimate failure, "Money As Debt" vs, the path that it appears Iraq may potentially be taking, which under Sharia Banking Laws, Usury is forbidden..... so Iraq has a unique opportunity to be a good example of how a true fiat system of "Money As Value" system, vs a "Money As Debt" system, the world powers in banking and economics, are currently cursed by. Highlander makes a great essay, earlier, that demonstrates, that indeed, the US, though it has never revalued it's money, it had indeed put easily 1000 times the money into circulation, which is the same effect as a revaluation. My contention, is that this would not be inflationary, except that as Highlander puts it aptly, the control of it is placed into the hands of banking cabals and the hegemony, and holding the population into indentured servitude, to repayment of a debt, they neither created nor do they owe. Inflation is directly proportional to the interest, charged , that there is never enough money placed into circulation, to ever repay the interest or retire the national debt, to the lender of last resort. Check Federal Reserve Prime Rates, and compare that to the historic averages of the increases and costs of goods and services, (Inflation), and you will see the interest rate charged to our country is directly proportional to inflation, and the inability that creates, to retire debt to the lender of last resort..... the US Federal Reserve. So yes.... the US is indeed monetizing the undrilled oil, etc. in a form of agreement, that relates to a 'Non Compete' clause, (IOW, No Drill Agreements or subsidizing non competition agreements, such as what Highlander is referring to, in the Saudi Arabia Agreements, and OPEC Agreements, of the 70s) . Those are contracts and hold value in real dollars! Believe it or Not !!! You just can't make this stuff up. Great thread you all. Thanks for the intelligent and honest discussion.