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4 - 15 - 2012 * Dollars being funneled to neighbouring Iran, Syria * Tougher central bank measures to curb money laundering * Cabinet official says monetary policy "late and sudden" By Aseel Kami and Serena Chaudhry BAGHDAD, April 15 (Reuters) - At Alaa Radhi's currency exchange shop in central Baghdad, a board showing the rate of Iraqi dinars to the dollar has three question marks next to the price. For weeks now, Iraqi businesses say they have been struggling as the dinar has become increasingly volatile due to fallout from sanctions imposed on neighbouring Iran and Syria and to Iraq's own political turmoil. "The price keeps changing so quickly," Radhi says, counting a wad of dinars at the counter of his exchange. "That's why I can't write a fixed price." The Central Bank of Iraq (CBI) this month imposed new measures to curb demand for the dollar after a spike at its daily auctions as local traders bought greenbacks to sell them on to Iran and Syria. In a bid to stem the flow of dollars from Iraq, the bank tightened regulations over who can participate in auctions and sent a message that it was still in control of the market by revaluing the auction price of the dinar slightly higher to 1,166 per dollar from 1,170. Merchants participating in currency auctions are now required to be members of the Iraqi Chamber of Commerce, which means they have to register business more formally, and have to obtain licenses from the trade ministry. But the bank's crackdown has pushed up the value of the U.S. currency in the local market, throttling local businesses who rely on dollars to purchase foreign imports. "This the first time it has increased this much ... it definitely affects citizens because people deal in dollars," said civil servant Abu Mohammed, who sold $300 dollars at a rate of 1,280 dinars per dollar at an exchange shop. He had bought dollars at a rate of 1,240 dinars per dollar less than a month ago. Currency traders say the market is at a standstill. "It's stagnated because people say they won't sell (the dollar) as it may keep increasing, while others say they won't buy it as the value may drop," Radhi said. Iraq is recovering from decades of war and sanctions, and its economy is still very centralised, which is a chief complaint of foreign investors starting to do business in the OPEC nation. Oil accounts for 95 percent of government revenues. With Iran and Syria under Western sanctions, Iraq is becoming an important source of dollars for them as residents and businesses in both countries seek hard currency to escape their weakening local money. The central bank says Iraq's large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield its financial system from damage. But it says its recent measures were needed to bring more discipline to the local market. "We don't want currency going to finance terrorists, going to finance illegal (activities). We have to work carefully in this matter and move swiftly. We're under pressure," Mudher Kasim, a deputy central bank governor, told Reuters. "We intervene in the market with this auction to stabilise the Iraqi dinar and to keep the exchange rate stable ... The main thing is to make the Iraqi dinar safe. That's a priority." POLITICAL TENSIONS Sinan al-Shibibi, Iraq's central bank governor, said at a conference with businessmen last week political infighting in Iraq's power-sharing government and a failure to develop the economy beyond the oil sector had aggravated the dinar's volatility. Political tensions have been high since U.S. troops withdrew in December and after the Shi'ite-led government sought the arrest of Sunni Vice President Tareq al-Hashemi on charges he ran death squads and the removal of Sunni Deputy Premier Saleh al-Mutlaq. Ties between the central government and the Kurdistan Regional Government (KRG) in the north have also been strained over oil exports and the KRG's decision to let Hashemi take refuge in the autonomous region. For traders, the new central bank requirements for the dollar purchases are hurting business. They are required to produce legal documents and obtain clearance within 30 days in order to send money overseas to pay for imports. They also must produce a certificate from the country of origin of the goods, which has to be endorsed by the Iraqi consulate in that country. Traders say these measures are time-consuming, and many have been forced to turn to the local market to source dollars at a higher price than the CBI to secure their goods overseas. "I have needed to transfer money for the past four months in order to import goods, but I cannot cope with these new measures," said businessman Dawood Abed Zyer. "Who is going to cover the difference in price?" Businessmen say the measures are unrealistic and should have been brought into the market gradually. At least one Iraqi cabinet official agrees. "These measures were too late and too sudden," cabinet secretary Ali al-Alaq told Reuters. My link

4 - 13 - 2012 Twilight News / Committee announced the economy and investment representative, on Friday, held for an extended conference to address the high exchange rate of the dollar against the Iraqi dinar, indicating that the conference will address the possibility of reforming the banking system in the country. The Chairman of the Committee of Economy and Investment Ahmed Alwani, in an interview with "Twilight News" that his committee "will hold a conference to reform the country's banking system as a system of date in addition to the loss of the private sector role, which could compete with the public sector," adding that "the conference will be held with the resumption of House of Representatives for its presence and specialists concerned with this matter. " The Alwani that "there are many problems that face the banking sector in the country, where 83% of the banking activity under government control, and this led to the emergence of bureaucracy and rampant corruption, financial and administrative as well as not keeping pace with the banking system of the development in the world," emphasizing the that "the economic and investment commission will stand on those problems and put their solutions." He announced the Council of Ministers, On Wednesday, the formation of a committee headed by Deputy Prime Minister for Economic Affairs and the membership of the Deputy Prime Minister for Energy and members of the Committee on Economic Affairs and the Secretary General of the Council of Ministers to consider the issue of fluctuating exchange rate of the Iraqi dinar recently to ward off harm to the national economy, high prices of some food . He attributed the Central Bank Governor Sinan Shabibi during a meeting with House Speaker Osama Najafi, last Tuesday, the reasons for the high exchange rate of the dollar against the Iraqi dinar to the "weakness of domestic production and the lack of Iraq's exports (excluding oil), and the weakness of the government's measures to attract capital to Iraq, as well as tense political situation internally and regionally, and the economic blockade suffered by some neighboring countries. " While Najafi stressed "the necessity of non-subordination to the Government of the Central Bank so as to prevent the seizure of Iraq's money or the implementation of international rules against Iraq by the creditors." Iraq seeks to support the banking system by closing the deficit of local banks to cover the financial guarantees required by the investment companies, which represent the problem of limiting the entry of companies specialized in the electricity sector, infrastructure and services. In Iraq, there about seven state banks and 34 banks waged, mostly owned by foreign banks, two banks and two government controlled the banking system in Iraq are the Rafidain Bank and Rasheed Bank. My link

4 - 13 - 2012 Twilight News / Iraqi government confirmed on Friday that Prime Minister Nuri al-Maliki is "absolutely convinced" the performance of the Central Bank Governor Sinan Shabibi Ntgah to the persistence of high inflation in the country and the recent economic crisis. He accused the central bank yesterday for "Twilight News", speculators in the currency market attempts of illicit enrichment through the exploitation of crises experienced by some neighboring countries and the smuggling of hard currency to it that are harmful to the value of Iraqi dinar, saying that the value of the last strong for having an enormous reserve of the U.S. dollar. A member of the Committee on Economic Affairs Minister Mohammed Al Shammari's "Twilight News", "al-Maliki is not convinced at all, including Shabibi provided by the central bank governor." He explained, "al-Maliki believes that Shabibi Aansag with the fiscal policy pursued by the Iraqi government to continue the unjustified result of high inflation and the devaluation of the Iraqi dinar against the U.S. dollar." He added that "the House of Representatives is authorized to the control of the central bank and keep the details of his work and stage Anjazath past and discover how the Iraq lacks fiscal policy." The price of the dollar has seen in recent days, notable gains, reaching exchange rates of the dollar to 132 thousand dinars for every $ 100, while the central bank set exchange rate of 117 thousand dinars for every $ 100, an increase of 15 thousand Iraqi dinars. My link

4 - 13 - 2012 Twilight News / accused the central bank, Friday, speculators in the currency market attempts of illicit enrichment through the exploitation of crises experienced by some neighboring countries and the smuggling of hard currency to it that are harmful to the value of Iraqi dinar, saying that the value of the last strong for having an enormous reserve of the U.S. dollar. The deputy governor of the Central Bank of the appearance of Mohammed's "Twilight News" that "the reasons for the rise of foreign currency lately, is the presence of some of the speculators who took advantage of the crises in Iran and Syria, and smuggled hard currency to it." He explained, "We have taken several measures, including that all of the required foreign exchange and working in the private sector to give an account of annual tax shows the economic activity, as well as we have decided to provide the money changers young foreign currency every 15 days to allow travelers to buy foreign currency and dosage information." It is said that sales of the Iraqi Central Bank in the auction for the sale of foreign currency, on Wednesday, rose dramatically registered the amount of $ 151 million, compared to 117 million the previous meeting, at an exchange rate based on 1166 dinars per dollar. The bulletin issued by the Central Bank, and received "Twilight News" copy of it, that the total volume of demand for the dollar stood at 151 million and 97 thousand dollars, covered by the central bank at an exchange rate basis was 1166 dinars per dollar. Salih stressed "there is no fear of falling dinar against foreign currency, because there are huge reserves of U.S. dollar at the Central Bank of Iraq." The Iraqi central bank held five sessions weekly auction from Sunday to Thursday for the sale and purchase of foreign currency, and receive a cash commission on the sale of about 13 dinars per dollar, and receive a commission of 13 dinars per dollar on the sale of remittances outside the country. My link

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4 - 12 - 2012 Twilight News / Committee revealed the economy and investment representative, Thursday, for any "disorder" in the local currency due to the outdated economic system of the country, stressing at the same time for the continuation of the dollar smuggling to Syria and Iran, which face international pressure. Committee Chairman Ahmed al-Alwani's "Twilight News" that "there is a clear disruption in the exchange rate of the dinar (local) against the dollar, and that because of the current economic system in the country is a legacy of the previous economic system." The Central Bank of Iraq said last March that the International Monetary Fund is satisfied with the financial reforms implemented by the bank in the context of his dealings. And the International Monetary Fund expressed recently his support of the Iraqi economy in the event of his a number of economic measures, including raising three zeros from the local currency. Alwani said that "the economic policy in Iraq is a clear lack of methodology followed by the government for this." He pointed out that "the subject of the exchange rate of the dinar against the dollar still remains a thorny foreign currency, which raises the central bank in the market suffered from a lot of things are illegal." He said "still some weak people are smuggling the dollar to Syria and Iran, which negatively reflect the exchange rate of the dinar against the dollar." And yesterday, the dollar price of 1300 dinars after it had been stable on 1200 in the past few years, economists as likely to be the situation in Syria caused the rise in the dollar exchange rate. The number of Iraqi provinces have seen in recent months, adjust the amounts of counterfeit currency and arrested by local authorities in these provinces more than a gang specialized in forging and promoting currency and fraud. My link

4 - 12 - 2012 Many experts have warned Iraq of the consequences of non-renewal of the protection of U.S. Iraqi funds that will be vulnerable to looting by the fictitious claimants compensation in the words of the CBI. Economic Committee of the Iraqi Council of Ministers resolution calling on the Prime Minister and the Foreign Ministry to address the U.S. President Obama about the possibility of extending the protection period for the money another year. And held a special ministerial committee to develop a mechanism to ensure the protection of Iraq's money in its twentieth meeting on Wednesday morning under the chairmanship of Deputy Prime Minister Dr. Roژ Nuri Shaways and the presence of ministers of finance and oil, Justice and President of the Office of Financial Supervision and Governor of Central Bank of Iraq and Clai and Foreign Ministries of Planning and Legal Adviser to the Prime Minister and Advisor Deputy Prime Minister. The Committee deliberated the procedures and steps to be pursued to protect Iraqi funds and assets deposited abroad, especially with the imminent expiration of the protection provided by the presidential decision the U.S. for these funds and assets until May next year. Committee adopted a series of resolutions and recommendations to be working out in the forefront of a recommendation to the Council of Ministers to submit a formal request on behalf of the Government of the Republic of Iraq through the Ministry of Foreign Affairs to the U.S. Government to issue a presidential decree again provides protection for Iraqi funds for a new year with effect from 20 May 2012, according to the CBI, decision to the United States President Barack Obama, put the Iraqi funds abroad under American protection, and to prevent any judicial decisions to freezing or forfeiture under the presence of compensation claims and the resolutions of the debt raised by companies and people, and this protection will continue until the 20 of May next. and as much as the central bank the size of these funds as large, there are several billion dollars are distributed in a number of countries , in addition to funds of the Development Fund for Iraq, which contains revenue from the sale of oil that vary between 816 billion dollars, and there is also a $ 52 billion, money belonging to the Central Bank placed in U.S. banks as cover for the Iraqi currency is not subject to the decisions of the freeze. Central Bank confirmed the words of his deputy, the appearance of Mohammed Saleh, said that Iraq is able to protect his money abroad and own all the ways the defense to stand against some of the exploiters of the situation in Iraq, and what happened after 1990 to file a lawsuit malicious compensation in large amounts, stressing that Iraq is not responsible for the policies committed the former regime, and the follow-up it confirms that most of these cases were unjustly. Had previously demanded that the Central Bank of Iraq to sign an agreement settling claims with the United States, which stands for Government is now in a critical relation to money that Iraq deposited with it, which will lose the protection of the middle of this year and are offered to confiscation for the settlement of claims of creditors so far does not know the Iraq numbers are not much money huge claim. and the expert first in the Central Bank of Iraq appearance of Mohammed in a meeting with the (citizen) that this agreement (settlement of claims) came against the backdrop of a decision by congressional U.S. three years ago from now, and who directed specifically for the entire countries that offered to nationals of States United harmed Among these countries, Iraq, where students congressional reservation all Iraqi funds and assets in banks in the interest of judicial decisions of the courts within the United States to pay compensation for so-called victims of harm Americans, and this has encouraged a large number of Americans, whether citizens or companies to speed up the submission of claims for different right Iraq and a lot of lawsuits and frail and can not be substantiated, but took her way to the courts and Asthsaloa the decisions of the compensation. He added that the U.S. President then George W. Bush in the last minute, use the right of veto against the decision of congressional and stopped him and asked a friendly settlement with Iraq rather than implement the decision of congressional and Aradw on Iraq this matter If applied the decision of congressional become a big problem because the plaintiffs in the thousands and the amounts become tens of billions and this is what displays the interests of Iraq to the risk of serious, here's the request of U.S. President of Iraq to pay $ 400 million in compensation to Grme or so-called claims made by people Taradw harmed, in turn will U.S. President to close View the full stated any proceeding against Iraq in the courts in the future. revealed the appearance of it is logically not to Iraq of any solution other than the signing of the Settlement Agreement with the United States, because of Iraq's money, all now in the United States shall be deposited in the Development Fund for Iraq, such as the Reserve Bank Fed by the Security Council resolution 1483 issued in May 2003, and these funds and money reserve the decision of the Security Council, and in the United States, there is a presidential executive and U.S. President Since 2003 until now protects the money the central bank in America, by presidential decree, because these funds are managed by the Central Bank of Iraq for the benefit of the Republic of Iraq As a financial agent of the Iraqi state, the problem here is that this coincided with the theme of another Council resolution 1756 on 15.12.2010 where told the Security Council of Iraq to receive his money in the Development Fund for Iraq and found receive what is Altm to protect it after 30/6 / 2011, the United Nations, demanding always calculates the single one in order to ensure the entry of the accounts of sale of Iraqi oil calculates single to deduct 5% as compensation to the Kuwaiti side, and with resolution 1757 on arms to Iraq and the decision of 1758 on the Memorandum of Understanding of these decisions are supposed to bring Iraq out of Chapter VII and became less the impact in terms of implementation but have not been to Iraq, a complete departure with regret, and it does not understand the reasons a lot. He added that after 20/5, any Iraqi money in the U.S. In the case of non-payment of Iraq, the $ 400 million for victims of harm Americans, these funds will be subject to the claims of harm and are confiscated, and here the Agreement is an urgent need to settle the amounts, but the question here and in the case of Iraq paid amount does guarantee us Americans presidential decree a new extension of the protection of Iraqi funds in the United States and protect them from any legal prosecution of creditors, especially since there are two types of claims in the U.S. the first decisions of the courts for the benefit of commercial creditors and the decisions of the courts in favor of claims hurt, and here of any categories will protect Iraqi money, or both, because both demand book capital of Iraq for their benefit, and this is what Sthalh Convention and will give consideration literary U.S. president to export a new resolution for the protection of Iraq's money to trade creditors and the people it is an issue becoming syndrome, most of whom Msthsalin on judicial decisions, and Iraq does not know their numbers and can keep records in giving us a further extension of protection. and on the size of the Iraqi funds in the United States said look, there are two types of assets, the first exemplified the Development Fund for Iraq and contains proceeds from the sale of Iraqi oil, a balance of moving according to withdrawals Sometimes contains 7 billions of dollars and sometimes 5 billion and in times more than the 12 billion, or moves per month, and the second category is 40% of the reserves, Central Bank of Iraq is the cover of the Iraqi currency, estimated at more than $ 50 billion spread over several countries, but the assets of the central bank and put different accounts of the Iraqi government because the bank is able to pull his money out of an incubator freeze we are an independent body which is not a money business and that everyone respects the bank and its funds, funds that are not subject to reservations and prosecutions. and expert bank said the delegation who went to negotiate in the United States on the agreement included representatives from the Ministry of Finance and Foreign Affairs and the Central Bank Iraq and the Iraqi government. 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4 - 11 - 2012 Twilight News / source revealed, Wednesday, that the Council of Ministers instructed to form a committee to study the fluctuation of the exchange rate of the Iraqi dinar against the U.S. dollar. The source said the "Twilight News", "the face of today's Council of Ministers set up a committee to study the fluctuation of the Iraqi dinar exchange rate and propose appropriate solutions to ward off the danger." He attributed the Central Bank Governor Sinan Shabibi during a meeting with House Speaker Osama al reasons for the high exchange rate of the dollar against the Iraqi dinar to the "weakness of domestic production and the lack of Iraq's exports (excluding oil), and the weakness of the government's measures to attract capital to Iraq, as well as the political situation tense internally and regionally , and the economic blockade suffered by some neighboring countries. " While Najafi stressed "the necessity of non-subordination to the Government of the Central Bank so as to prevent the seizure of Iraq's money or the implementation of international rules against Iraq by the creditors." My link

4 - 11 - 2012 (Reuters) - Iraq's parliament has sent a letter to the cabinet telling it not to interfere in monetary policy, a parliamentary source said, in a skirmish over central bank independence that reflects concerns over the extent of Prime Minister Nuri al-Maliki's influence. Maliki won a court ruling in January 2011 putting independent bodies like the Central Bank of Iraq under the cabinet, alarming critics who view with suspicion signs of authoritarianism in some of his actions. He said this would not affect the CBI's independence, but other moves by Maliki, a Shi'ite, against senior Sunni politicians and his control over key security ministries have raised concern that he is trying to consolidate his power. A source in the office of parliament speaker Osama al-Nujaifi said parliament had sent the cabinet a letter reminding it that setting monetary policy was not in its mandate and that it should not assert its authority unconstitutionally. Parliament sent the letter after cabinet wrote to the CBI stating that it should have a say in its monetary decisions, lawmakers who received a copy of that letter said. "This is not the first time the government has tried to impose its control over the central bank," Jaber al-Jaberi, a lawmaker and member of parliament's finance committee, told Reuters. "Every time they try, and then talks erupt, and then they reach an agreement. But then they try all over again," he said. Parliament said on its website that Nujaifi met with CBI Governor Sinan al-Shibibi on Tuesday to confirm its support for the bank's independence in accordance with the constitution. "It is necessary that the central bank remains independent from government in order to prevent a hand (controlling) Iraq's money and to execute international rulings issued against Iraq by its debtors," Nujaifi told Shibibi, according to the website. "The central bank has $60 billion in reserve and this reserve should (be safe)," said Najiba Najib, a lawmaker and a member of parliament's financial committee. "Central bank policy should be away from any executive side in order to work professionally and independently." Much of Iraq's external debt was settled via the Paris Club of sovereign creditors in 2004, in a deal that required Baghdad to seek similar settlements with all other creditors. But some commercial creditors have won court cases and do not accept the terms of that settlement, meaning Iraq has yet to settle its debts with them. My link

4 - 11 - 2012 A number of experts warned of the consequences of financial exploitation of reserves in the Central Bank, which is estimated at 60 billion dollars by the government to economic development projects, pointing out that it is a cover of the local currency. And saw the local market rose slightly in the exchange rate of the dollar against the dinar, called economic expert Bassem Jamil Anton to keep these balances at the central bank as a cover for the local currency, attributing the rise in the dollar exchange rate to the confidence of Iraqis in local currency due to the presence of those who seek to exploit these assets for the development processes According to statements by some officials. Said Anton's (long): The recession that hit the Iraqi market for securities prompted some speculators in which dollarization is creating increased demand for hard currency as well as recent events in Syria and Iran, noting that Iraq has affected markets around it in addition to the application of tariff Customs will increase the demand for the dollar. For his part, said financial expert Crescent miller (range): The Central sales were accounted for $ 150 million, but what happened from the smuggling of currency called the bank to reduce the width of the dollar offset by an increase in demand due to the political situation of non-independent in the region to escape the dollar means the absence of the balance of the local currency. He said the miller: it calls for the exploitation of central bank money does not understand the economy is something she is the cover of the coin he says, pointing out that the period from 1990 to 2003, called the coup the cash where it was printed coins without the balance of what led to inflation, monetary collapsed because of price dinar exchange. To the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh rise in the dollar exchange rate within the limits controlled by the bank, pointing out that the balance covers more of the value of the dinar in the market before. Saleh said (range): The worrying phenomenon began in the month of December where Azad demand for the dollar abnormally Ignoring $ 450 million because there are some traders who import goods and have no account as well as the attached local markets to markets around, prompting the bank to reduce the quantities raised from the dollar. In the view among a representative that the high dollar exchange rate on the dinar caused by the central bank from making procedures and new regulations for the circulation of foreign currency, and this effect in a few pumped and that the bank did not work that controls the former, which impact on the price of labor, stating that these measures are followed by the central bank came at a time is appropriate and was supposed to inform the Economic Committee in the House of Representatives to discuss the details of the procedures and knowledge of their impact on the economic situation in the country. The central bank began the application of new procedures regarding sales of the dollar, resulting in a significant reduction in the rates of sale in the auction held by the bank weekly. There is a traders are now buying the dollar from the central bank for smuggling to Syria and Iran, which are subject to an international economic embargo. Some attribute the rise in the price of the dollar against the dinar to external stimuli and internal of which is linked to international sanctions faced by Iran, Syria and other back to the U.S. withdrawal from Iraq. Calling for the need to take certain actions the central bank will limit the rise, such as pumping larger quantities of the dollar. In the meantime, the Council of Ministers set up a committee to study the fluctuation of the exchange rate of Iraqi dinar, as he emphasized that the Commission will provide appropriate solutions to prevent harm to the national economy. The director of the Media Unit of the Secretariat of the Council of Minister Abdel Talaqani in an interview for "Alsumaria News", "Council of Ministers face to form a committee to study the fluctuation of the exchange rate of Iraqi dinar," asserting that "the Commission will provide appropriate solutions to prevent harm to the national economy." The head of the House of Representatives confirmed Osama Najafi, (April 10, 2012), that the Council will host a Bank Governor Sinan Shabibi at a hearing to show the issue of the exchange rate of the dollar against the Iraqi dinar, while Shabibi attributed the causes of rising to the weakness of domestic production and the weakness of the government's actions. My link

4 - 11 - 2012 Financial experts have warned of the consequences of the exploitation of reserves in the Central Bank, which is estimated at 60 billion dollars by the government to economic development projects, pointing out that it is a cover of the local currency. And saw the local market rose slightly in the exchange rate of the dollar against the dinar, called economic expert Bassem Jamil Anton to keep these balances at the central bank as a cover for the local currency, attributing the rise in the dollar exchange rate to the confidence of Iraqis in local currency due to the presence of those who seek to exploit these assets for the development processes According to statements by some officials. Said Anton's (long): The recession that hit the Iraqi market for securities prompted some speculators in which dollarization is creating increased demand for hard currency as well as recent events in Syria and Iran, noting that Iraq has affected markets around it in addition to the application customs tariff would increase the demand for the dollar. For his part, said financial expert Crescent miller (range): The Central sales were accounted for $ 150 million, but what happened from the smuggling of currency called the bank to reduce the width of the dollar offset by an increase in demand due to the political situation of non-independent in the region to escape the dollar means the absence of the balance of the local currency. To the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh rise in the dollar exchange rate within the limits controlled by the bank, pointing out that the balance covers more of the value of the dinar in the market before. In the view among a representative that the high dollar exchange rate on the dinar caused by the central bank from making procedures and new regulations for the circulation of foreign currency, and this effect in a few pumped and that the bank did not work that controls the former, which impact on the price of labor, pointing out that these procedures followed by the central bank came at a time is appropriate and was supposed to inform the Economic Committee in the House of Representatives to discuss the details of the procedures and knowledge of their impact on the economic situation in the country. The central bank began the application of new procedures regarding sales of the dollar, resulting in a significant reduction in the rates of sale in the auction held by the bank weekly. There is a traders are now buying the dollar from the central bank for smuggling to Syria and Iran, which are subject to an international economic embargo. My link

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4 - 10 - 2012 Baghdad (news) .. Member of Finance Committee called on the MP / Kurdistan Alliance bloc / Najiba Najib to activate the various economic sectors through the development of a strategic plan based on a scientific basis for the advancement of the Iraqi economy. The answer (of the Agency news): You should develop a strategic plan, whether a five-year or decimal, including rehabilitation and activation of all economic sectors in the country, especially (agricultural, industrial and tourism) in the advancement of the Iraqi economy and transform the economy of a yield mono source to a robust economy, supported on large segments of non-oil . They attributed the Kurdistan Alliance MP: the cause of failure of the national economy and not to promote him to the lack of genuine will and vision are diagnosed in the obvious economic constraints faced by the Iraqi economy and resolution. She added that Iraq is rich enjoy the fundamentals of economic, largely untapped, both in agricultural and industrial sectors, tourism, pointing to the existence of agricultural land of many across the country, invested properly for Iraq had become of the countries exporting the product of agricultural, in addition to what is owned by the coefficient of a large industrial and natural resources as well as tourist sites such as tourism, religious and geographical. The member of the Finance Committee representative: that the activation of these sectors needs a strong will by the federal government to draw the map of investment and the development of a strategic plan for how to advance the national economy, and in the case of promotion will lead to increased Iraqi dinar exchange rate against the dollar as it was at the end of the seventies and early eighties of the century the past, where he was one of the Iraqi dinar more than (3) U.S. dollars, as a result the power of the Iraqi economy at that time. My link

4 - 9 - 2012 It has been nine years since U.S. forces removed a brutal tyrant in Iraq at a huge cost in lives and treasure, but already the country is slipping back into the clutches of a dangerous new one-man rule, which inevitably will lead to full dictatorship, and already it is dashing hopes for a prosperous, stable, federal and democratic Iraq. Exploiting the unconditional support of Tehran and the indifference of Washington, Prime Minister Nouri al-Maliki has violated the constitution to consolidate his own power by using security and military forces to intimidate and oppress political rivals and, indeed, the general population, as manifested in his suppression of peaceful demonstrations in Iraq. Mr. al-Maliki presides over an increasingly Kafkaesque bureaucracy characterized by corruption and brutality, relying on the compromised judiciary as a weapon against political opponents while concealing the crimes of his cronies. The government falls short of providing basic services, including clean water, electricity and decent health care; the unemployment rate among our frustrated youth is above 30 percent, making them easy recruits for terrorists and prey for gangs; the security situation is deteriorating day by day in spite of an increase in special security forces. Unfortunately, some of these forces turn out to be part of the problem, operating torture chambers tied directly to the prime minister himself, as widely reported by international human rights organizations. Of even greater concern is the increasing number of attempts to quash or take over institutions that are supposed to be independent, such as the elections, integrity and communication commissions and, most recently, the Central Bank. These, among other disturbing acts, are chilling reminders of the governance pattern established by dictatorship. More recently, Mr. al-Maliki stepped up his rhetoric against the government of the Kurdistan region. This was partly on the heels of Mr. al-Maliki’s unconstitutional moves to target Vice President Tariq al-Hashimi and Deputy Prime Minister Saleh al-Mutlaq immediately after he returned from a trip to the United States. This, in turn, brought Iraqis to make wrongful inferences about Washington’s role in this series of events, in contradiction to the original vision of the United States to build a democratic state in Iraq with civil liberties, national reconciliation, an independent and fair judiciary, and pluralistic political and media systems. Washington’s evident disengagement gave Mr. al-Maliki the confidence to move even closer to his objective of achieving absolute power by blatantly avoiding the implementation of the power-sharing Erbil Agreement sponsored by Masoud Barzani and the White House. Eventually, the political momentum behind the agreement dissolved, allowing the country to drift back into sectarianism and autocratic rule instead of moving forward with reconciliation and reconstruction. The resulting disastrous state of affairs is fanning increasing disillusionment among Iraqis about the role of the United States and its efforts to create a stable democracy in Iraq. With no obvious effort by Washington as the patron of the Erbil Agreement to break the current deadlock, Iraq surely will plunge into violence among Iraq’s sects, ethnic groups and even political parties. Meanwhile, letting the current unhealthy governance run amok will only exacerbate differences and encourage various other governing bodies to declare their own autonomous regions, as recently has been the case in Basra, Anbar, Salahuddin and Diala. This will result in multiple feuds between the central and regional governments on one hand, and among various religious sects and groups jockeying for power on the other hand, risking a repeat of the cycle of vengeful violence during the dark days of 2006-07. The fragmentation of Iraq and a return to sectarian violence will not just tear apart the fabric of Iraq, it will further destabilize an already restless region while undoubtedly inviting the unwanted intervention of neighboring countries, which already are competing for influence in Iraq. Yet, it is possible to avoid this scenario. The United States must step up its efforts through the United Nations to put the political process back on track without delay by insisting on full implementation of the Erbil Agreement in order to establish transparency, the rule of law, national reconciliation, and respect for both the constitution and human rights. While it is up to the Iraqis to find a solution within the terms of our constitution, the United States has always been an important ally in Iraq’s democratic transformation, which is yet incomplete. Today more than ever, America’s support is an imperative if we want to avoid seeing Iraq fall back in the hands of one person and his party. The White House still has considerable leverage on the al-Maliki government, and it should use such leverage to ensure that the huge sacrifices of the Iraqi and American peoples have not gone in vain. This is the only hope left for Iraq to escape what seems to be a sure march toward the fate of a failing state, which will be marred with wars, corruption and authoritarian rule, further fueling terrorism in an already unstable region. That would be an avoidable and tragic legacy to the U.S. role in the country, with disastrous consequences for the world. My link

4 - 9 - 2012 In increasing the statements recently about the work of the central bank, said a member of the Finance Committee, the parliamentary that the dismissal of central bank governor Sinan Shabibi will be because of the expiration of his job as attributed an economist this impeachment may be due to the high dollar exchange rate during the past few days. A member of the Committee Finance Abdul-Hussein al-Yasiri's (Citizen): »I think this impeachment if there will be because of the expiration of the function's central bank governor Sinan Shabibi«., but he also »that the high dollar exchange as we have heard is another reason to it»., and added »that the powers of the Prime Minister dismiss the Governor of the Central Bank or any employee of the Bank »., and pointed out that he» was a seminar yesterday in this matter which he spoke of the audience on ways to develop the work of the Central Bank, especially in light of the high exchange Aldolarralve will impact negatively on the Iraqi economy ». For his part, counting expert economic that the dismissal of central bank governor is not the prerogative of the Prime Minister, but the powers of the Iraqi Council of Representatives. said economic expert's (Citizen): »The responsibility of dismissing the central bank governor of the powers of the House of Representatives solely because this body is one of the independent bodies and not the right of the Council of Ministers interference in the work »., and added» that tugging on the work of the Central Bank came on the back of rising dollar, which will affect the economic situation ». stressing» that this effect will push the currency to collapse ». For his part, MP Sabah al-Saadi in a press statement that« the book directed by the General Secretariat of the Central Bank confirms what we referred to earlier is the dominance of the government to the central bank to begin the second step after the dismissal of Shabibi Central Bank Governor ». He added that Shabibi« stood bravely to preserve the value of the Iraqi currency after refusing to lend to the government to preserve the value of the dinar of Iraq ». indicates Chapter IV on B» independent bodies »in Article (102) that is the UN High Commissioner for Human Rights and the Electoral Commission for elections, and the Integrity Commission, independent bodies under the control of the House of Representatives, and organize their work by law. While recalling Article (103) first of the door itself that it is all of the Iraqi Central Bank, the Office of Financial Control, and Communications and Media Commission and the endowment offices, bodies, financially and administratively independent, and the law shall regulate the work of each of them. while Paragraph II of the same article that the Central Bank of Iraq is responsible before the Council House of Representatives, and is linked to BSA and CMC House of Representatives, while the third point of the same article that linked Endowment Council of Ministers. My link

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yeah the people that put out videos like this put out very good info but i would never buy into there stuff i just like watching the videos

4 - 8 - 2012 Baghdad: News Network Iraq: - MP for mass citizen Faleh in force for a book issued by the Secretariat of the Council of Ministers on 15 / March addressed to the Governor of Central Bank of Iraq includes the monetary policy of the government functions exclusively. And see dinar, Iraq's new low against the U.S. dollar up in local markets to 126.5 thousand dinars for the paper category percent dollars Which will lead to the loss of citizen confidence in Iraqi dinars, which was on the rise against the dollar over the past years. Said force said in a statement today that "this book as a cancellation of the functions and duties of the Central Bank of the decree under the Constitution," adding that "the central bank is an independent body responsible for formulating monetary policy. "and explained," This book is a blatant interference in the Bank's policy, "noting that" if the adoption of this mechanism will add this failure of the policies Almtbnat whether in the provision of services or in government policy in reducing poverty or security policy. " He stressed that "the government if it continued to intervene to monetary policy, it means that the Iraqi economy is now in danger and will be the confidence of international institutions and the confidence of other countries invested in Iraq's shaky and is solid as the government became involved in everything and there is no separation of powers and there is no independent bodies." The Economic Commission in parliament, had hosted the central bank governor, who promised to turn control of the Iraqi dinar exchange rate and to return to the previous $ 120 thousand dinars per category of the paper a hundred dollars. My link

Do it we need this

4 - 7 - 2012 Twilight News / revealed the Ministry of Planning and Development Cooperation, Saturday, for the recent joint meeting with the Finance Ministry aims to link the coming years Moisanat five-year plan of development that starts from the year 2012 and extending to the year 2016. A spokesman for the Ministry of Planning Abdul-Zahra al-Hindawi's "Twilight News" that "the recent meetings between the Ministry of Planning and the Ministry of Finance and the presence of a number of specialists aiming to link the budgets of the next three years five-year plan of development established by the Ministry of Planning for the years of 2012 to the year 2016." He explained that the "lack of financial allocations in the general budget for some projects that have been planned within the five-year plan creates confusion and disruption of these projects, and this prompted our ministry to link budgets, five-year plan." The Iraqi government announced on 28 April 2010, said the Cabinet decided to ratify the five-year national development plan for the years (2010-2014) as the final revised by the Ministry of Planning taking the amendments proposed by some ministries into consideration. Hindawi said that "our ministry is working to develop important sectors to supply the revenue of public budgets to finance the revenue provided by oil revenues, and most important of these sectors, industry and agriculture." The spokesman of the Ministry of Planning Abdul-Zahra al-Hindawi said, in an earlier statement of "Twilight News", "The Ministry of Planning determined to extend the five-year development plan to the two years ending in 2016." The program includes investment of the five-year plan more than 2700 projects spread over sectors and all activities and all the provinces, at a cost of $ 186 billion over five years to implement the plan, funded through the federal budget as well as through local and foreign investments in activities that have been identified. My link

4 - 7 - 2012 Hello, this is Larry Edelson, reporting from Shanghai, China. I have to be careful; if the authorities even suspected that I’m going to reveal certain facts in this presentation, there would be hell to pay. I could be arrested and deported or worse, have to do serious prison time. I am only willing to take that risk because what I’m about to say is absolutely essential to your survival — to your financial survival. Wise men have predicted the developments I’m talking about for centuries. Two hundred years ago, Napoleon warned, “When China wakes, it will shake the world.” Truer words were never spoken. China has awakened. And now, it’s about to shake the world to its foundations — starting with the United States. This is the Shanghai World Financial Center. It’s the tallest skyscraper in China — 101 floors. It took 11 years to complete. It houses the Shanghai Futures Exchange and Stock Exchange. It is also home to China’s largest banks, insurance companies and its financial ratings agencies. But this is much more than just an office building. It is also ground zero for the single greatest economic triumph in China’s history. But for Americans, it’s about to become an icon; the symbol of the most catastrophic event in our nation’s financial history ... An event that will render everything you think you know about our government, about our economy and about investing obsolete. I’ve created this special presentation to give you the uncensored facts — facts that the U.S. media won’t report — and to help you prepare while there’s still time. Plus, if you take the steps I recommend, you could make quite a bit of money in the process. Once again, this is Larry Edelson. You may have seen me in Forbes, or on Bloomberg, CBS Marketwatch, CNBC or another major financial program or publication. Or perhaps you’ve seen my forecasts and recommendations on the Money and Markets website or in my own e-zine, Uncommon Wisdom. In my 33 years in finance, I have managed several large investment funds and founded my own brokerage and money management firm with offices in New York, Hamburg, Dusseldorf, Vienna and Osaka, Japan. I live here in Asia. My home is a short flight from Shanghai. I also work here; I use a lot of what I learn about China and the rest of Asia to help thousands of people all over the world make better financial decisions. Plus, as a financial guide for hundreds of thousands of private investors, I’ve become well known for accurately warning them of major turns in the markets well in advance. I accurately warned my readers of the stock market crash of 1987 and the rally that followed ... The bursting of the tech stock bubble in 2000 that cost U.S. investors an estimated $6.5 trillion in losses ... And the 2007 collapse in U.S. stocks that drove the S&P 500 56% lower. I also nailed the bottom of gold prices at $255 in 1999 and the bull market that has taken the yellow metal to well over $1,800 per ounce so far ... In June of 2004, I warned that the price of oil would start a rocket ride higher, from $38 to well over $100 a barrel, and a gallon of gas to near $4. Now I have a truly shocking forecast for you — it is by far, the most alarming warning I have ever issued. It is so disturbing, in fact, that most people who read this report will simply refuse to believe it. But I must warn you: Ignoring this warning will have consequences — and those consequences will be catastrophic for millions of Americans. On the other hand, every crisis creates great opportunities — and this one is no exception. Because in terms of its sheer power to create wealth, the event I’m talking about DWARFS the industrial revolution that created hundreds of millionaires at the beginning of the 20th Century ... It towers miles above the computer, internet and technology revolutions that created thousands of millionaires — and hundreds of billionaires — in the 1990s ... It’s already creating the greatest explosion of wealth in the history of mankind. At its core, though, the story I’m about to tell you is one of betrayal: The cruelest, most callous financial treachery in our nation’s 236-year history. It’s a story that’s so shocking, nobody in the U.S. media has dared report it: I have uncovered compelling evidence that the Chinese government is conspiring with Washington, D.C. to impoverish you and sentence your children and your grandchildren to lives of financial servitude. Now please don’t misunderstand: I’m not a political man and this is NOT a political presentation. It’s not about Democrats or Republicans or who should win the U.S. elections in November. I am a financial and investment analyst. And as such, my ONLY allegiance is to my family and to the individual investors I help. I created this presentation for one, simple reason: To give you the truth you need to protect your home, your savings, your investments and your retirement from the single greatest economic crisis in our nation’s history ... In this presentation, I will show you exactly why Beijing and Washington are working together to bankrupt you. I will show you how to protect yourself and your family from their scheme to destroy your wealth. And, I will tell you about the four kinds of investments I believe will double your money, then double it yet again in 2012 and beyond. Because in finance as in life, the best defense is a strong offense. Everybody knows that China is on the move. Even despite the recent global slowdown — and despite what the naysayers may try to tell you — China’s economy is still growing more than seven times faster than America’s is. But what most Americans do NOT know — what our media steadfastly refuses to admit — is that China is already so rich, it can now DICTATE economic policy to the world; even to the United States of America. I know — it’s hard to believe. Especially since many have been saying that China’s economic explosion is over. But consider the shocking report that Yahoo Finance recently posted. I quote: “The International Monetary Fund has just dropped a bombshell, and nobody noticed. “For the first time, the international organization has set a date for the moment when the ‘Age of America’ will end and the U.S. economy will be overtaken by that of China.” According to the International Monetary Fund (IMF), by 2016, the United States will no longer be the world’s number one economic power. According to the IMF, China will be richer than America in less than five years. But according to the prestigious Peterson Institute — and based on data just published by the University of Pennsylvania — the IMF is wrong: The Chinese economy will NOT surpass America’s by 2016. Nor will it happen in 2017 or even in 2020, for that matter. Peterson and the University of Pennsylvania say China is ALREADY the world’s #1 economicpower. And the thing is, they proved it. These two highly respected institutions just presented irrefutable proof that in real terms — when you adjust for the domestic purchasing power of respective currencies ... The U.S. economy produced goods and services valued at $14.6 trillion in 2010 ... But China’s Gross Domestic Product soared to $14.8 trillion. China’s economy is already larger than America’s. And what’s worse, the United States is falling farther behind every day: According to the official figures from both Washington and Beijing, the U.S. economy grew about 1.7% in 2011. China’s economy grew 9.2%. That’s more than SEVEN AND ONE-HALF TIMES FASTER; fast enough to nearly DOUBLE the size of China’s already-massive economy once each decade. And if you get to know a little more about both nations, China’s burgeoning economic power becomes even more unsettling. Because the fact is, Beijing has become so powerful, it can now dictate economic policy to the U.S. >> The Beijing government has almost no debt ... >> But Washington has nearly $145 trillion in debt and obligations. ** China has $3.2 trillion in cash — and its cash reserves are growing ever larger, month after month ... ** But Washington has almost no cash on hand and has to borrow nearly half of every dollar it spends — much of it is borrowed from China. >> China’s total tax revenues are up nearly 30% from a year ago ... >> But Washington’s tax revenues are dramatically down due to the sluggish U.S. economy. ** The U.S. has about 160 million workers ... ** China has 810 million workers — more than 5 times more than the United States. >> 97% of all Chinese workers are employed ... >> But 14 million U.S. workers are either unemployed or underemployed. ** In China’s urban areas, wages ROSE 7.6% in 2011 — and the increase was about double that in rural areas. ** Meanwhile, inflation-adjusted wages for U.S. workers dropped 1.7%. The investment facts are even more startling: Securities valued at more than $6 trillion trade on Chinese exchanges every day and that number is growing by leaps and bounds. China enjoys the largest foreign capital inflows of any nation on Earth, surpassing the United States as the world's favorite place to invest. China is now the world’s #1 mine operator ... its #1 car maker ... its #1 manufacturer ... its #1 exporter. You really have to see China to believe what’s happening here. I used to think New York and Beverly Hills were the world’s pinnacle for high-end shopping ... But here in Shanghai, the Nanjing Road shopping district puts them to shame. So does the New Shanghai Shopping City here in the Pudong financial district ... And these are only two of EIGHT massive, world-class, state-of-the-art shopping districts in this one city alone! I once believed that Las Vegas topped the world when it came to luxury hotels and entertainment ... But even Vegas’ biggest and best can’t hold a candle to the world’s largest hotels and casinos in Macau. I thought that Palm Beach’s mansions and posh housing communities were the ultimate ... But they pale in comparison to the massive luxury housing developments and neighborhoods filled with extravagant Western-style mansions here. Any way you look at it, China is already the nation on the way UP. While sadly, the U.S. is the nation on the way OUT. I just read a study by The Program for International Student Assessment that ranked Chinese students #1 in the world. American students were ranked fourteenth. China’s Tianhe-1A super computer is the fastest in the world, capable of processing more than 2.5 thousand trillion calculations per second. American technicians don’t even know how that kind of speed could be possible. And while the U.S. is winding down its space program, China is preparing to put a man on the moon! And when you look at China’s military, the contrast between the two nations gets downright scary: China has THE LARGEST ARMY IN THE WORLD — 2.2 million active-duty military personnel — 600,000 more than America has. And while the U.S. is cutting its military expenditures, China has increased military spending every year for more than 20 years ... and is still boosting it by an average of 11.8% per year. China’s military is state-of-the-art: It just unveiled the J-20 — its first stealth fighter. It also has spy satellites, modern battle tanks, aircraft carriers, nuclear attack submarines, cruise missiles, and more. China’s nuclear arsenal is especially worrying: While the U.S. has been steadily reducing its stockpiles for nearly 30 years, China continues to build up its forces and is refusing to even begin talks on nuclear arms reduction. In the size of its economy and economic growth ... in science ... in technology ... in the scholarship of its students ... in the growth of its military ... in every conceivable area, China is ALREADY the world’s most dominant nation. More importantly: Because of China’s newfound status as the world’s #1 super power, it is now ready, willing and able to DICTATE economic policy to the rest of the world ... and that includes America. And of course, there’s another reason why China is now in a position to dictate economic policy to the United States of America: Nearly 50% of every dollar Washington spends today is borrowed money — much of it borrowed from China. Without the billions Beijing loans Washington, the entire U.S. government would go bust. Washington would become a virtual ghost town. Millions of Americans who count on government checks would be financially destroyed. So you see, the entire world — including the United States — must bow to China’s superior economic power — the greatest the world has ever seen. And at a recent economic conference, we were treated to images of our own president doing just that. Nobody who watched that humiliating display on television had any doubt which man has the greater power; which man is in control. And make no mistake: the Chinese know they’re in the driver’s seat. People’s Liberation Army Senior Colonel Liu Mingfu recently said, “To save itself, to save the world, China must prepare to become the world’s helmsman.” I can’t even begin to tell you how painful it is for me to have to tell you any of this. Even though I live and work in Asia, I will remain an American citizen to my final breath. My mom, my sister, my brother and my three grown kids all live in the States. I want nothing but the best of everything for them and for my country. But if my three decades as a financial analyst have taught me anything, it’s that terrible things happen when we ignore reality. And take it from me: There WILL be terrible consequences for those who fail to act on the investment intelligence in this presentation. But once you grasp the reality that Beijing is now in charge, you’ll find it’s quite easy to insulate yourself — and even to make a substantial sum in the process. Because now, I have compelling evidence that China is not satisfied to merely surpass the U.S. economy; it has already begun a campaign to DOMINATE the U.S. economy. The shocking part is that our own leaders in Washington, D.C. have become Beijing’s willing accomplices. I know this is an outrageous assertion — but I’m about to prove it; so please hear me out ... Because China has already begun to wage war against the dominance and value of the U.S. dollar ... With the help of our leaders in Washington, D.C.! I’ll explain: For decades now, the U.S. dollar has been the world’s currency of choice. Most of the world’s central banks hold their reserves in U.S. dollars. Most international transactions have been settled in U.S. dollars. That means there is always a high demand for dollars around the world — and as a result of that demand, the greenback has held its value more effectively than many other currencies have. But since 2009, President Obama has spent more than $10.6 trillion, and run up trillion-dollar deficits year after year. To fund Washington’s spending addiction, Treasury Secretary Timothy Geithner has borrowed an estimated $4 trillion since 2009. And, Ben Bernanke — the Chairman of the U.S. Federal Reserve — has created nearly $8 trillion out of thin air since 2009. As a result, the value and the buying power of the dollar have already begun to plunge: *Gasoline prices have shot the moon — you’re paying over 25% more than you paid just 24 months ago! *The price for heating oil rocketed 29% in a recent 12-month period, sending home heating bills up more than 50% per month! *Milk and cheese prices are up 18% and 15% respectively ... the price of beef and veal used in restaurants is up 17% ... coffee prices are up more than 20% ... and egg prices have soared nearly 30%! * And everywhere you look, you see “sticker shock” on health insurance ... medicine and medical care ... college tuition ... airline tickets ... and more. As a result of this precipitous decline in the dollar’s buying power ... France, India and many other countries ... The U.N., the IMF and other international organizations ... Are ALL calling for the end of the dollar’s reign as the world’s reserve currency. And even the official newspaper of the Chinese Communist Party says — and again, I quote: “The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States.” In fact, the U.S. dollar is already being abandoned by many countries and companies in favor of the Chinese currency — the yuan: > Investors can now buy yuan-denominated bonds in Hong Kong. > Caterpillar and McDonald’s recently financed their mainland China projects directly via yuan bond offerings instead of U.S. dollars. > And China’s trade with Russia, Vietnam and Thailand is now being settled in yuan instead of U.S. dollars. > Apple Computer is even accepting iTunes payments in yuan! Now, China believes it’s time to make the supremacy of its currency — the yuan — OFFICIAL — by gutting the U.S. dollar. And our own leaders — President Obama, Treasury Secretary Geithner and Fed chief Bernanke — are obediently helping Beijing do just that! Hard to believe? Especially in an election year? I agree! But remember: President Obama saw what a weaker dollar did for U.S. stocks in 2009: It gave birth to huge rallies! Having the stock market explode higher just before the elections would be a godsend for any incumbent president! Look: You’ve seen the news reports of Obama, Geithner and Bernanke complaining about China’s currency. Those complaints are only growing louder now — even in this election year! The administration claims the “weak yuan” gives China an unfair trading advantage. It makes China’s products cheaper than ours on world markets. So they’re demanding that China increase the yuan’s value in order to level the playing field for American exporters. But anybody with even shred of common sense can instantly see the Obama administration’s claims are pure baloney. Look: The average U.S. worker earns nearly 6.5 TIMES MORE than his or her Chinese counterpart. Those sky-high labor costs are cooked into every product produced in America — and that’s what makes American products far more expensive than similar Chinese-made products. So even if Beijing DOUBLED or TRIPLED the value of the yuan, Chinese products would still sell for far less than U.S.-made products do: Boosting the yuan’s value would do little if anything to help U.S. exporters! So why does Washington really want to jack up the value of the Chinese yuan? What’s the truth that Washington won’t tell you? By RAISING the value of the Chinese yuan, Washington and China will automatically CRUSH the value of the U.S. dollar ... So Washington can repay its otherwise unpayable debts with cheaper dollars! Look: The “official” U.S. national debt is now over $15 trillion — nearly three times more than the most indebted nations in Europe ... COMBINED! But when you add in the debts Washington owes to veterans, seniors and government pensioners, the total amount is nearly ten times more: A staggering $145 trillion. That’s nearly TEN TIMES the total value of the goods and services the U.S. economy produces ... That’s far more debt than Washington can ever hope to pay. In fact, Washington’s only hope of avoiding default is to destroy the value of its own currency, then pay its debts back with dollars that are only a shadow of their former selves. Plus, with a weak dollar and strong Chinese yuan, China can buy up even more of our debt and protect the massive investment it has already made in America by helping Washington avoid default. That’s a massive “win-win” for both Washington and Beijing: Plus, a rising yuan will once and for all solve Beijing’s #1 economic problem: Rising domestic inflation. As the yuan’s buying power rises, price inflation in China will decline dramatically. More importantly, as the yuan’s purchasing power explodes, China will also be able to lock up even more of the world’s supply of oil, coal, steel, copper, lumber and other natural resources ... to take control of thousands more companies ... and to extend its economic control throughout the world. But why lie about their intentions? Because if they told the truth, there would be hell to pay. Just imagine how voters would react if the president stepped before the microphones and said ... “My fellow Americans, we politicians have spent too much money and now, we can’t pay our debts. “The only way to avoid default is to destroy the value of your money and then repay our debt with cheaper dollars. “Of course, that means your cost of living will double and double again and most of you will be reduced to poverty ...” See what I mean? Telling the truth would be tantamount to political suicide. Any way you look at it, this is treachery of the highest order: The U.S. dollar — and YOUR income, savings, investments and retirement — is being sacrificed on the altar of political expediency. And while the insult to our national pride and patriotism will be painful, the personal toll will be excruciating. The dollar’s demise will be catastrophic for everyone who earns, saves or invests dollars. The price you pay for food, electricity, gasoline and just about everything else will skyrocket. Many Americans — particularly those on fixed incomes — will have to choose between buying medicine, paying the rent, or buying food. Homelessness, hunger and hopelessness will be the everyday reality for millions of Americans. Some will rightfully blame Washington for their misery. Others will blame Wall Street. Mass demonstrations and hunger marches will dominate the headlines. Cities will burn. When the dust settles, the United States will be little more than just another name on the long list of once-proud countries that squandered their wealth ... that were ultimately driven to their knees and forced to submit to the nations that took their places. Now as I said earlier, I’m well aware that the vast majority of everyday Americans who read this presentation will simply ignore these facts. I understand; most people are in denial. The U.S. has been number one their entire lives. They’ve always assumed that would never change. They can’t accept the fact that we are no longer king of the hill. I don’t take their skepticism personally. I know their eyes also glaze over when President Sarkozy of France announces that — quote: “We must rethink the financial system from scratch ...” and that it’s time to “change the rules of the game.” They simply change channels when CNN features former British Prime Minister Brown touting “a new global financial order,” describing this as a “decisive moment” for the world. And they choose not to even listen to Henry Kissinger — the man whose historic visits opened U.S. relations with China 41 years ago in 1971 — when he says we must accept a new global hierarchy with China in a dominant role. Nevertheless, most people who read this presentation will probably think I’ve gone off the deep end. But if anything I say to you today helps you protect and grow your wealth through this chaotic time, that’s a risk I’m willing to take. After all; most folks were extremely skeptical when I warned that the bubble in internet and technology stocks would burst in 2000 ... Just before the tech wreck wiped out $6.5 trillion of invested wealth ... Almost nobody listened when I urged investors to buy gold for just $255 per ounce — before it soared to over $1,800 ... Or when I predicted in June 2004, that oil would soar from $35 a barrel to well over $100 — which it did. Or when I warned in 2007 of the stock market collapse that crushed stocks a whopping 56%. And frankly, most folks thought I’d lost my mind in early 2009, when I publicly announced that the bear market was over — just before stocks soared over 50%. But each time, investors who heeded my forecasts — and more importantly, acted on them — had the chance to pile up substantial profits. Now, you have a similar opportunity. Because the way I see it, this is a virtual “can’t-lose” situation for you: If I’m right about the dramatic events ahead, you stand to make a fortune. If I’m half-right, you could still make a bundle. And even if I’m wrong, no promises of course, you could still do very well. After all, these stocks I’m about to tell you about are already soaring. So what’s the secret to protecting and growing your wealth in this challenging new world? Simple: Own the handful of stocks that are positioned to soar as China rises ... as the yuan surges ... and as the U.S. dollar plunges! Take natural resource stocks: Right now, they have not just one, but THREE important reasons to soar ... First, the world simply can’t live without the things these companies produce. And that steady, high demand for their products is hugely bullish for their stocks. Second, China’s insatiable hunger for these natural resources virtually guarantees they’ll continue to soar! Just look at this map. China now controls vast mineral and food resources all around you: In Europe ... Africa ... the Middle East ... South America ... Canada ... even Australia! Already, China consumes 41% of the world’s copper ... 41% of its nickel ... 43% of its steel ... 45% of its tin ... 46% of its lead ... nearly 47% of its zinc ... and huge amounts of most other natural resources. What’s more, China’s enormous craving for resources is growing by the day. And the stock of companies that provide these natural resources stand to make investors richer than Midas. And third, these natural resources have intrinsic value — so they naturally soar when the dollar sinks. And not only should the stock of companies that produce these natural resources soar as Washington and Beijing cut the value of the U.S. dollar ... They’re ALREADY spinning off impressive profits! While the average Dow or S&P 500 stock has gone almost nowhere recently ... Nucor up 23.3% ... U.S. Steel up 24.3% ... Silver Wheaton up 26.4% ... Walter Energy up 30% ... Southern Copper up 31.8% ... Uranium One up 32.3% ... Yanzhou Coal up 33.4% ... Alpha Natural Resources up 41% ... Ivanhoe Mines up 49.4% ... Jiangxi Copper up 53.1% ... and Novagold up 73.53%. All in a single year! And as Washington and Beijing jack up the value of the yuan and crush the value of the dollar, I believe your gains will be far, FAR greater! Plus, to help you go for even greater profits with the money you can afford to risk, I recommend inexpensive investment vehicles that offer you unlimited profit potential PLUS strictly limited risk — many that give you up to THREE YEARS for the trade to work out in your favor. And over the past year, you could have used these muscle-bound vehicles to go for gains of ... 185% on China Petroleum ... 200% on Yanzhou Coal ... 257% on New Gold, and ... 369% on CNOOC ... Naturally, neither you nor I can go back and grab those profits. But just think about it. That 369% gain is enough to a turn a $25,000 grubstake into $117,200 and these are just a few of the many examples I could name! To help you take full advantage of this historic profit opportunity, I’ve just put the finishing touches on my hot-off-the-presses report — The Conspiracy Files: Survive and Prosper — to help you get your family and your wealth through this chaotic time. In this compelling volume, I detail the specific steps you must take immediately to protect your wealth while also harnessing this historic sea change in ways designed to cement your financial security in this terrifying new world. My link

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4 - 5 - 2012 Between a number of experts and professionals in the economic aspect that the proposal that was presented at a meeting of finance ministers Arabs in Baghdad to unify the currency of Arab and create a common market will work to maximize economic efficiency within the cluster that you want integration, explaining that he needs to stages prior carried out by these countries. The deputy governor of the Central Bank of the appearance of Mohammed Saleh (range) that the stages that precede the process of currency unification of Arab, including Free Trade Area of ​​the major, as well as Union Alkmarki where the Arab countries tax exemptions among themselves, and be Tarafadtha customs towards countries outside the bloc, the same value results in the exchange of goods between the countries of the bloc's high value-added be liberated from all customs taxes. Saleh added: The following procedure is known as the Common Market, which includes the Arab countries, indicating the free movement of capital within the market easily in addition to the political unification of the financial and cash between countries, as well as the establishment of a single central bank will issue the single currency. For his part, said the economist as Abdul Hadi's (long) The economic integration of Arab countries in terms of a single currency will give strength to the Arab economy in general, noting that this procedure is one of the highest stage of economic integration, calling for the need that each one of the these countries through a program of cross-fertilization between Ktabieih wealth and human. Most of the economic levels are inconsistent. He said Abdul Hadi: There are some actions prior to this issue, which is for fiscal policy is created through which Arab bank manages the currency Arabic, and thus monetary policy becomes not subject to Arab governments, which means giving up part of the fiscal policy, asking, I wonder if that States and after the completion of stages Economic eligible capable of waiver, pointing out that this is a major challenge Kalmugod in the European Union. Furthermore, said a member of the Finance Committee in the House of Representatives Majida al-Tamimi (range): This project needs to analytical studies of the economics of the Arab countries, indicating they differ in terms of resources there are countries excel human resources and other viable agriculture, noting that Sudan is the food basket Arab in terms of water and fertile land. Tamimi said: that the results of the single currency will benefit the public through the rotation of the work that result in a cash surplus to draw investments, indicating the need for security and political stability of the Arab countries. He noted that the united Europe when its currency was able to save Greece from the economic collapse that hit all the joints of public life. In the meantime, according to a member of the Economic Committee in the House of Representatives Amer winner that the proposal that was presented at a meeting of Arab finance ministers in Baghdad to unify the currency and the establishment of Arab common market will support the economies of Arab countries, particularly the Iraqi economy. He said Fayez, according to (of the Agency news) should not forget that the principle of the Union means the power, in order to unify Arab stances and political rapprochement and economic between them must be the integration of Arab economic, through the consolidation of common markets and currency Arabic, which will support the economies of all countries Arabic, the fact that these countries enjoy great wealth and in all sectors, whether agricultural or industrial or oil or tourism. He said Fayez: In the event of economic integration Arab and the issuance of a unified Arab currency, this will give economic power to all Arab countries including Iraq, because most Arab countries have the spring and became regimes where democracy after the dictatorship of the object to the establishment of such activities, pointing out that the opportunity is now appropriate to make the Arab economy enjoy development and prosperity. The Ministers of Economy and Finance Arabs who met in Baghdad as part of the meeting of Economic and Social Council of the Arab Summit Conference of Arab, had touched the subject of Arab economic integration and monetary union of Arab and Arab markets make the joint. My link

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