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.

This is an errant belief that has been propagated by the Federal Reserve, since 1917 and 1929, respectively, which was rooted in a fear, that if people have money, there might be a run on the banks, which led historically, to the Federal Reserve Bankers of 1929 to pull money out of circulation and ultimately led to the Great Depression. That belief basically defies all basic logic in the simplicity of the ultimate, 'Universal Law' of Economics 101.,... namely, the Law of 'Supply and Demand'. The concept is rooted in a mistake in the placement of the chief cornerstone of economics, to say, if the people are allowed to have money, it is 'Inflationary'. That is a misnomer. It fails to take into account, that by definition, inflation is a rising of prices, brought on by too many dollars chasing too few goods and services. That is based on a finite line of thinking, which is largely in error, in and of itself. Here is why: More money and buying power in circulation will in fact, cause a temporary inflation, but at the same time create a higher profit margin, because the 'Demand' side of Econ 101, determines that the 'Supply' side does not meet the new demand. But that is temporary, because, it also creates a greater perceived profit, which in turn attracts new businesses, in a 'Free Market' society, hence, more competition in the market place, with a larger supply of goods and services, at more competitive prices. That effectively reduces the price of goods, due to "Free Enterprise'. This reverses inflation and boosts the buying power of the Dollars, which reverses the 'Temporary Inflation' effect. There is another interesting law in the dynamics of money, which is based on the Rothschild model of "Energy Currency Economics". That law is a law of physics, that when applied to economics and money, vs. buying power, it is relative to electricity, energy or power. Have you heard, "Enoch's Law"? It goes as follows: "Energy produced into a state of over production, always reduces the cost of power, because the cost of the energy required to produce more power is also reduced." How this applies to money and the force of cash flow, relates directly, in real economics. It means simply put, that more money into circulation is not inflationary unless the 'Free Market' is artificially suppressed. Artificial Suppression of an economy, by shorting the people's cash buying power, is basic to many Oligarchies and Socialist doctrines, and to say to give money to the people is inflationary, is therefore, Socialist, in nature. So...... XYZ...... are you advocating Socialism? Or are you simply buying into the doctrines of Socialist Regulation, such as those of the Federal Reserve Bankers? Open your mind, my friend, and you will learn the truth.

Actually, in a very real sense, the US does exactly that, to some extent. How do you think we hold the dollar value as we do, without hyperinflating instead of simply slowly dimishing the value, as one would think it would? There is a basis of the value of the debt bonded..... which brings me to some points xyz made.... To XYZ...... Any cornerstone of thinking, that money has any intrinsic value, is a cornerstone, rooted in error and false belief. So to argue with XYZ is illogical. The basis of rational is in error in the very root and foundation of erroneous belief, that money has intrinsic value. It has Zero intrinsic value..... only decree of the king, so to speak. A good reference to this, is a book called, "The Woe of Babylon", which explains the history of money, back to King Hammurabi and ancient Samaria. This is all about the history of money and is a very good read.

XYZZY, You sound like an intelligent person. So the very points you are making, makes me want to ask a question of you. Which one of the 53 countries Shabibi mentioned, (Actually there were close to 90 of them since early 1900s, but who is counting?), again.... which of these countries who did a redenomination, is a good and reasonable comparison of Iraq?

I see you posed this question not once but twice. "How could Iraq sustain a money supply that is valued at 300 times their GDP?" Has anyone here suggested that Iraq or CBI would still have 30 Trillion IQD in circulation after an RD or RV ? Seems to me, what Enoch posted, shows how over 99.9% of the currency in circulation can be 'Paid For', and 'Removed' from circulation..... by monetizing non liquid assets. By doing this, it does indeed relate to forms of credit, as someone suggested earlier, but the beauty of that, would be, it is not like and interest bearing loan, by using 'Bills of Exchange', issued by the government. Do you see, this is like creating accounts, somewhat like stocks and futures, that are no longer a liability of circulation currency? Nobody here said there would be 30 Trillion IQD in circulation. The whole idea is to remove them. Basically what France did, shows, it is possible to remove a 1000 franc for 10 franc, but increase the value basically 10 times. That is in effect a 10 x Revaluation/Redenomination hybrid. Nice work Highlander. Thank you.

You are Welcome Surfer Dude! Clowns to the left of me..... Jokers to the right..... Never give up on what is right Surfer.

You are probably right except I think you are missing the point E8 was making. You might want to understand is that E is probably making reference, not only to the Rate of 1 Dinar increasing 1000 times. He is referring to the overall value of the entire monetary base, has to be increased, by 26 times just to satisfy the upcoming demand in the country of Iraq, before figuring out world demand. He is saying they cannot take 99.9 % out of circulation, to increase the rate 1000 times, because in the case of Iraq, they also do not have enough money in circulation to meet the demand. To reduce the zeros by removal of the existing money and replace it with bills 1000 times smaller, does not change the value of the monetary base. To change the value of the overall monetary base happens by monetizing the non liquid assets into liquidity. That is done though forms of Bills of Exchange, which represent a future or potential of value and is paid for with liquid capital. So, it is a mute point, how much dinar is in circulation because it will be paid for by other nations buying Bills of Exchange. Just the Forex Market alone, is a 4 Trillion Dollar a day industry and Iraq plans to set 3.5 Trillion IQD into a reserve account to back just that market . The world Treasuries are desperate for a solid hedge to store real wealth without losing it to inflation. At present the world markets do not have enough precious metals to meet anywhere near the demand. The discussions at the IMF and World Banks for years has been largely about trying to figure out a reserve market that does not lose real stored reserve wealth to inflation. The only real inflation Iraq is suffering, is to the peg to the US Dollar which is steadily collapsing and there is no currency on the planet that is outperforming it, that is not at risk. Chinese yen is no option, because the regime cannot be trusted without dual currency manipulations. So far Iraq has not shown it's intent to stop that practice either. In theory, they could and if they do, they do have the real potential to be a solid investment, in world reserves because precious metals are way too limited to meet the demand. Just Petro Dollars cannot meet the prerequisite to defeat inflation. So, what is a Bilderburger to do? The manipulation of USD is rapidly becoming a defeat to the world, unless the US reverses course and abolishes the Federal Reserve and returns to a Treasury system governed by the people and not the banksters. This is the argument raging in Iraq right now, between parties, over sovereign control of the CBI. It it not accountable to the elected representation of the people? Then who decides how money is printed? Another Rothschild Puppet, like Bernanke? Guitner? Is this guy just speaking out of turn? Maybe. I would not be so fast to believe what I am being told by the media. King George did not like Adams, either. The banksters did not like Andrew Jackson, because he abolished the Central Bank. Lincoln and Kennedy were both assassinated over their opposition to a Central Bank, not accountable to the elected representation and will of the people. British Banksters have been known to have said, of North America, that "The American Banking system must be destroyed, unless North America destroys monarchy as we know it." This is what this argument is really all about. It is an age old struggle. So, to whom is your allegiance? The IQD revaluating is not a done deal and certainly is not a sure thing. Personally, I would not count on Shabibi having the ability to revalue.... because he does not. He does not have the power to authorize what it will take to pay for it. It is paid for by Bills of Exchange and only the GOI has that power. CBI is an independent agency, yes, but they serve to the will and pleasure of the GOI. The good news, (I hope), is that this is just what they are discussing in Parliament with the bill from CBI and the GOI Economic Committee of 2007.

What? The USD is the only reserve currency? OMG , dude, you ought to keep you type writer on hold, we are all laughing at your complete ignorance. Among reserve currencies are British Pound, Euro, SDR, Mint Precious Metals, USD, and many other currencies. Now..... I see no discussion on what Enoch8 was even referring to. The world demand today, is in fact about $20 Billion or roughly 23 Trillion IQD, while it is not even a reserve currency, but only an exotic. Personally I have no idea, what new demand will be, if it ever becomes a recognized currency, but I do know for a fact that he is right about the 1988 equation. That is all that is really important to understand. Today, there is 30 Trillion IQD in circulation by CBI releases. That is a total value of only about $26 Billion. In the 70s and 80s, there were about 25 Billion IQD in circulation, valued at approx. $3.22. That is $80 Billion worth of total circulation in a time when, as he says, oil was even less than $15 per barrel and that is indeed close to the approximate inflation to today's prices of $90. It is also factual, according to CIA, World Fact Book, UN and IMF documents, that Iraq has had additionally a 35% population increase. That means even without factoring an increase in living standards, which is also projected by the IMF and numerous other sources, the need for currency in circulation, just for the Iraqis, would be a 35% increase just to population increases alone. That is in fact a multiplication of $80 Billion x 1.35 = $108 Billion. Because Iraq is also a large oil exporter, it is fair to also deduce, that there will be an additional demand increase to inflation, based on an inflation index of about 630% from the Basis year, of the Ministry of Planning, of GOI, from 1988. That is a documented fact and is also shown in CBI docs. Looks like E8 was that to show, that the amount of $108 Billion worth of IQD x 630% = $680.4 Billion worth of IQD, would be needed to remove dollars from circulation in Iraq, in order to meet the demand, just to have a status quo. That is perfectly logical. If you divide that number by the $26 Billion in circulation, that indeed shows, that in fact, if Dollars are removed from the circulation in Iraq, (It is also a fact that about 80% of what circulates in the Iraq economy is Dollars and Euros, etc.), so removing that, would create a need for $680 Billion worth of IQD to be in circulation, (Just in Iraq and that is still, not giving one inch of ground to an annual 9% economic increase, as shown and projected by the IMF Global Data Mapper. {That is an underestimate, BTW}. Now, without even getting into forecasts of how much world demand there will be, as an increasing value currency in international reserves, let alone forex (CBI does in fact document 3.5 Trillion IQD to be placed into forex reserves, which is a liability removed from the M2.) So, tell us all FrankV and franc...... just exactly how will the GOI increase the value of IQD to $680.4 Billion, by lopping? By printing and adding an additional 655 Billion IQD to circulation after lopping down to 26 Billion? Or will they just continue to Use USD and Euro in the private sector, and keep the Iraqi people dirt poor at $4000 per year income levels, while all regional oil producing neighbors are averaging $20 to 40,000 per year? Obviously they cannot just add 650 Billion Dinars to circulation without decreasing the value, unless there is world demand for it, or that would be just what Saddam tried and failed.... along with Chavez of Venezuela and Zimbabwe, who are doomed to repeat the same problem, over and over, because they oppress the people and have no real economy because of it. In time they all fail and have to do it all over again, just as America will if we continue down the same path we are on. Guys, to believe in the lop, do you not realize how much you are showing us all, that you are communist advocates? That is what Socialism will do to you folks. Lopping is the Socialist Nationalist solution and Lopsters are Commie infiltrators. A scourge to Free Market economics. Just a guess, but personally, I might agree with a notion, that multi international corporations and treasuries, would hold a demand of much much more than the 5 to 10 times E8 is suggesting. Here is another thought. The 20 Trillion IQD outside of Iraq will not be paid for with currency or reserves. It is covered by Bills of Exchange, under regulated UN, Basil III and Universal Commercial Codes, which are a way to monetize Non Liquid assets, into tangible and liquid holdings of something of value. Iraq is easily able to monetize 20 Trillion of such asset, wealth, and not even use half of it's value to do so. This in effect gives them about $7 Trillion in immediate liquid wealth, by such agreements with world economies, who will do so, because they will also profit from it. As opposed to Just reducing the money down to $26 Billion In Dinar, that is basically $7 Trillion in Iraq wealth that could never be monetized in a hundred years, if they simply lop. This is a very unique thing that Iraq has, because there is not one single nation who did so, who has enough real asset wealth desired of the world, to even consider doing anything but a lop. Iraq is unique in this regard. 2 fastest growing economy in the world. Projected to be the fasted for the next 10 to 20 years. This is all verifiable, and one thing I know for a fact, is that Enoch8 has regularly shown the documented facts and research to back and support his theories. Who here has done that with more than one puny link to CBI, that did not even mean what was being argued? Maybe you punks ought to put up or shut up, before you bring a knife to a gun fight.

A whole new currency IS bad..... if there is a new ISO, because even IF there is 2 or 3 years to trade in the old for the new...... that is a LOP. What we want to see, is NO NEW ISO...... and a 1 to 1 trade in of old notes for new notes...... meaning you get 1000 new 1 Dinars for a 1000 Dinar Note. If there is a new ISO...... then you would only get 1 New Dinar for 1000 Old Dinar. Better hope there is not a new ISO. If not..... then it would be no different than the US, pulling the $1000 Fed Note out of circulation, for $1000.00. If it turns out to be a new ISO...... welll........ then look at Turkey, Nigeria, France, Zimbabwe, Argentina..... Not to fear...... there is no new ISO for IQD. We have too many eyes and ears out there, for that to get past us.... even for an hour. There is no new ISO. The entire internet would know that within seconds, if it were true. Sorry if I stepped on anyones toes...... not my intent. Knowledge is Power Educate Yo'self

That will change after the RV, R. E8 is referring to an example of a currency, that will be one of the most desired hedges on the planet..... IF this little country continues on the path it is on. It is already growing at a rate that is faster than China and is 2nd, only to Mongolia.... and expected growth graphs show it will be the fastest growing economy on the planet, for years, following the RV. E8, Darin and Chuckles, have insight into the future. Try not to look at life so much, in terms of immediate gratification, and you will begin to see it, too.

Darin...... your comments here are spot on!!! You rock, dude!