Hirsch

Im on the other hand saying hes going to do the same thing he declares publicly that he is going to do as he has ALWAYS done in the past, and nothing suddenly "hidden" Im postulating a middle of the road scenario possibility instead of an Okie koolaid punch fairy tale which seems less plausible as these more respectable sources speak up

that is exactly what Im hearing. A LOP then an RV in that order.

If this has already been happening for several months, Wouldnt it have made more sense for him to have said, "we have already been in the process of removing the 3 zeros from circulation" ?? I think its clearly two different things

Im posturing the possibility that hes not hiding anything and is proposing to do exactly as he said at the conferend. Remove 3 zeros from a now 'stable' currency, since HE didnt put the extra 3 zeros in, and then look to see if inflation gets out of hand down the road for an RV I dont have anything against a possible 800% return. Certainly a lot better than a bank CD with a 4% yearly return for sure. Just curious if there has been a little too much 'pumping' of unrealistic hopes. I find it curios that all these 3 fairly respectable sources are linning up to the same scenario... are they all three now 'hiding their hands"? really?

I listened to the Shabibi call several times, and though Im an eternal optimist, I heard him clearly... Looks like Ali, Amer can Con tractor, and now Shabibi at this US conferene are lining up on the same page Shabibi clearly separated the first question (revaluation) as being different situation from the second (lop of 3 zeroes) first he said for the revaluation he would start watching inflation - meaning not anytime SOON at the second question, the removing of 3 zeroes ( a lop) was VERY SOON in his opinion so all three above are lining up to a lop & Rv scenario. or 8 times your investment.... - would like to hear an INTELLIGENT retort to what was said and not conjecture -- please

Looks like Ali, Amer can Con tractor, and now Shabibi at this US conferene are lining up on the same page Shabibi clearly separated the first question (revaluation) as being different situation from the second (lop of 3 zeroes) first he said for the revaluation he would start watching inflation - meaning not anytime SOON at the second question, the removing of 3 zeroes ( a lop) was VERY SOON in his opinion so all three above are lining up to a lop & Rv scenario. or 8 times your investment....

Actually he said the opposite. He said 'how can S be in Switzerland when I just saw him here (I assume Iraq) and cant be in two places at the same time He debunks most of all this hype by the pumper gurus, and so far he's been right and the pumpers wrong...

[JOHNBOY] POST Yesterday at 8:55 pm Maybe old news here already. [JOHNBOY] The people are not celebrating in Iraq because it RV'd. They are celebrating because there was an in country removal of the zeros from their currency, which put the currency at $1.70 ($1.20 rounded up) per 1 Iraqi Dinar. That means that the value of the Dinar went up in Iraq only...at $1.20. This is not the RV but merely a temporary relief measure implemented by Parliament for Iraqi citizens only...and the reason for the closing of the borders...THIS IS NOT THE RV but was misinterpreted by everyone/gurus as the RV. Intel seemed to spot on with the timing of removal of zeros which did happen at 1.70 (round up to 1.20) per dinar. Was announced but this was an in country temporary relief measure BUT NOT THE GLOBAL RV Two things going on:1. Removal of zeros and 2. Global RV. This is why all the secrecy. The sources have misinterpreted this like we have...Frank is closests to figuring this out it seems. Sources fed accurate info on the removal of in country zeros...but did not know it was not the global RV... Can anyone colaborate this? I know the merchants were already listing prices on their merchandise without 3 zeros a long time ago... guess this just makes it official (?)

Hmmm..... The Fed can borrow money then sell insurance on its debt in case of default? The Fed has been selling insurance on their own debt but on their charter they can not sell insurance on their debt? Wow what a deal.... http://www.realecontv.com/videos/central-banks/fed-equals-fraud.html

And not just oil and huge gas reserves, but I understand their unexploited mineral wealth is considerable

that is the contracted price they have already negotiated. Doesnt matter what crude is at now. Does it matter HOW it will be paid for in this scenario? one way or another it will be paid You dont really expect for each country to PHYSICALLY send them back their dinars in this digital age, DO YOU? It will all be done via 'digital' barter exchange. You should do some research into how much a barrel price of oil is divided. You would be surprised who gets what over and above the 32 dollars.... totally amazing

this is exactly what another site (american contactor) said.. it has to go thru the IRAQ hoops.. and no sooner

American Cont.- 18 April 2011 18 April 2011 There has been some great news articles recently published in Baghdad. For those of you that rely on translators, I have one bit of advice for you, don't put too much faith into the Arabic to English translators. Many of them create numerous errors and often lead to misinformation. I've seen this happen way too many times over the course of several years and have noticed it even more recently. My inbox has been bombarded with emails from readers whom have asked me to clarify or confirm something that has been translated only to discover that the information was completely false. In fact, many of the mistranslations of certain words have lead people to believe that a possible RV is around the corner. It appears that many of the mistranslations are in regards to certain news articles that the Central Bank of Iraq is about to change the currency and than an RV will occur shortly after. In my last emailed newsletter I stated that the re-denomination (if it does in fact occur) is not the RV that everyone is expecting. I have several of my own personal Arabic translators whom I trust and welcome any of my readers to email with their questions in regards to translations. There are certain individuals and groups who have cast doubts on what is exactly going on with the Ministry of Finance and the Central Bank of Iraq. Speculation and debating are one thing, but to turn all that into fact is another. In any event, whatever is planned must first be brought forth in front of the Council of Ministries as well as the Iraqi Parliament for approval. I've been reiterating this for over three years now. In another possible case scenario, the Iraqi Parliament could also decide not to pass the new law of re-denomination which would then send the plan for the Iraqi currency back to the CBI and the MoF for alternative action. One has to ask one's self and wonder, "if this is so good for the Iraqi people why do business organizations oppose the idea"? We have already seen Iraqi's changing their Iraqi dinar currency back to dollars in order to preserve capital (as recently reported by Iraqi's in the Dhi Qar district). An Iraqi named, Ahmed Al-Humaidi also an employee of LG in the electrical department stated, "the matter that concerns me now is to change my money from the Iraqi currency to the dollar in order to preserve capital." On another note, I would like to bring your attention to one specific headline that was recently in a Baghdad newspaper. The headline read; Parliamentary: the deletion of zeros from the Iraqi currency would overcome all the difficulties of economic. This article is significant and well worth the read. I gave a head's up to everyone on 15 February when I made this comment on my web site. From another site web site 15 Feb 2011 In regards to the Iraqi currency: Expect the Central Bank of Iraq to be distributing the new Iraq dinar currency just after they complete their internal report. No one seems to know a completion date for the internal report so expect it to be ongoing and dragging on for a long period of time. From what I am getting on my end (here in Baghdad), Iraq will be following suit right along with the way the country, Turkey, handled their currency. Both the new and the old currency will be simultaneously in circulation. Don't misunderstand this upcoming merge of currencies to be any indication or form of RV or RI as some would like to make you think (and WILL try to make you think). And, keep in mind that the internal report as I mentioned above, could be a lengthy process as is everything in Iraq. I stated that the Central Bank of Iraq had a committee which was very close to being finished with their report regarding re-denomination of the dinar currency and upon completion would be submitting the report to the council of ministries. As of today, the report has not been completed and still is not in the hands of the council of ministries. One issue seems to be that, the Central Bank is continuing to collect feedback from various groups and experts who apparently are either opposed or against the re-denomination. There seems to be a great divide. I also reported that the process is an extremely lengthy one and could take some time. Also, in my post on 15 Feb, I mentioned that Iraq appeared to be leaning towards the same process and following suit with what Turkey did with their currency. Many of you are probably wondering how I have come to this conclusion. Well, I have always thought this was the route they may go and I recently got some confirmation of this thought process in the article with the headline; CBI: The restructuring of the Iraqi currency inflation fit the cash block. (In this article there is a paragraph that gives an example to what to look for); To that, the adviser to the Central Bank of the appearance of Mohammed Saleh, said that such fears are unwarranted, and that the economic situation in Iraq is good and able to withstand the application of this project, and that this experience had previously been applied in countries such as Turkey, which has by deleting six zeros from the currency before the period is not too distant future. The article gives an example country, Turkey. Is it more than just a coincidence? I think not. I have very close and tight contacts within the banking industry in Iraq and they have not been wrong as of today with the information that they have shared and provided to me. The information comes to me months prior to being made public in many times. Important dates to note; 5 May, which involves the mechanism for the Development Fund for Iraq. The 5th of May is an important date to watch for news about the DFI and the future mechanism. I did state on several occasions that the DFI Fund will remain in New York at the Federal Reserve and will be called by a different name. This is what my contacts are saying as of today, but this could very well change. After all, this IS Iraq. 19 May 2011 - Responses for the Gas Exploration contracts 30 June 2011 - DFI renamed Account still held in New York 10 Oct 2011 - Oil & Gas Trade Mission Energy Basra Iraq 11 Sep 2011 - Kurdistan Regional Government elections Contrary to what is being said on some forums, the governor of the Central Bank of Iraq did not go to the Switzerland business conference. How do I know this? Because on the date where he was reported to had been there I was in an unrelated meeting where he was present. Pretty difficult to be two places at once. However, he will be present in Washington D.C. for the business community on 19 April. Also, the Arab League conference that was expected to start in Baghdad next month will more than likely be postponed again for sometime in 2012.

this will probably affects us after the RV as much as anything long term. ----------------------------------------------------------------------------------------------------- By Sean Hyman, Editor, Currency Cross Trader Dear David, Last Wednesday, my CPA finally sent me my tax forms so I could sign them and send them in by today. Man, I couldn’t believe how much I owed Uncle Sam this year. Also, my CPA’s timing couldn’t have been worse. My paperwork arrived just hours after President Obama revealed his new tax plan to the world - a plan that includes less tax breaks and higher taxation to come. The president announced a $4 trillion deficit reduction plan, which on the surface sounds like a good thing. But this plan will force the Bush tax cuts to expire, and it calls for an ADDITIONAL $1 trillion to be taken (I mean taxed) from the top two income brackets. Now I’m by no means a millionaire. But this new tax plan is going to affect me and you - and 300 million or so other Americans - whether they realize it or not. >>Advertisement New income stream pays 22-times more than treasuries We’ve uncovered a unique global opportunity that offers yields that crush preferred stocks, treasuries, and regular bank CDs. It’s a little-known investment called “Income Accelerators”... and some Americans have already begun using them to collect a steady stream of checks, as much as $757- $1,535, every month. See here for more details. In fact, it could nudge our still-fragile economy off a cliff. Let me explain... Why Do They Think the Government Can Manage This Trillion ...Better than Other Trillions They’ve Had? If you had $1 trillion to “fix” the economy, would you rather give it to savvy businessmen who would use it to expand and create countless jobs, or our “efficient” government to use at their discretion? Personally, I’d choose the businessmen every time. So that’s mistake #1. Obama is increasing the taxes for the wealthiest people in the country... a.k.a the businessmen who create jobs for the rest of us. He’s also going after businesses with his proposal to remove some business tax breaks. He’s cutting industry off at the knees. Take more of that money away and you create unemployment (more on that in a moment). Mistake #2: Obama mentioned he wants to make the tax system fairer. That sounds great in theory, but here’s his thinking on what’s “fair.” Obama proposes taking away all the tax breaks you get on your mortgage interest. He also wants to remove all the tax benefits you receive when you give some money away to churches and other charities. Sound fair to you? In my world, that’s not fair. Mistake #3 lies in the IRS’s definition of “rich.” It’s simply not rational. Obama wants to raise taxes for the top two tax brackets. That includes any single person making over $200,000 a year, or any married couple making $250,000 a year. While that may be decent money in the great state of Texas where I live, nobody in California or New York making $200,000 a year would consider themselves “rich.” The cost of housing alone in those areas is so outrageous. That $200,000 may just be enough to consider themselves “middle-class.” The Rich Create the Jobs... Over-Tax Them & It Creates Unemployment When you put it all together, it’s hard to disagree with the Congressman from Ohio who remarked, “Any plan that starts with job-destroying tax hikes is a non-starter.” This sounds like a man who has his head screwed on straight. In fact, if “sound economics” could talk, I’m guessing it would say that too. You see, most everyone works for a rich person. How many poor people employ others? None that I know of. So if you over-tax the rich, you eat away at the heart of the job-creating system. Tax rich people more, and they have to make up for that somewhere. Where is the easiest place to make up for the additional loss of tax money? It’s cutting payrolls. In the end, tax increases take money away from businessmen and hand it over to the government. Sadly, the government hasn’t been good at managing money in years (case in point: the $14 trillion in debt that this $4 trillion plan is not even likely to help). Why Obama Could Learn a Few Things from Reagan Former president Reagan knew how money traveled around in the economy. Give the rich tax breaks and what do they do? They use the extra money to expand their businesses. They have to hire more people to do this, so more people find jobs. Meanwhile, their current employees get promoted and enjoy higher salaries. In the end, everyone made more money. When businesses and individuals make more money, you can charge them more in income taxes. So the government makes more money on the back-end. But since everyone is making more money anyway, it’s easier to take. As a side effect, businesses grow faster. That increases corporate earnings. That gives the stock market a boost - while you’re making more money for the government. Overall, you have a healthier economy. On the other hand, tax increases are simply transferring wealth from people to the government. The government is one of the most wasteful, inefficient entities around, so that money goes nowhere. That’s why no matter how high they have ever taxed the people, they still can’t work with that amount of money. If you or I got raise after raise - and we still couldn’t live within our means - our neighbors would think we were idiots. Yet the U.S. government does it and it’s okay? Not in my book! Obama Reminds Us to Get the Heck out of the Dollar Think the economy is shaky now? Take away people’s mortgage interest deductions. Take away the breaks on their charitable contributions. Take away their corporate tax breaks. Then see if we’re on the road to economic expansion and lower unemployment. Personally I don’t see how that’s possible. If anything I believe it could be a catalyst to send stocks plummeting later this year. It’s also one more reminder to take some assets and get the heck out of the dollar. Other nations don’t have these bizarre tax practices - or our dreams of paying off our debts without any kind of fiscal management. That’s why countries like Norway, Sweden, and Australia have some of the soundest currencies to buy and hold over the long-term. Bottom line: Assuming this tax plan goes through, it could do more harm than good. Make sure you take cover as soon as possible. Have a Nice Day, Sean Hyman Editor, Currency Cross Trader Blog: Secrets of the Forex Market