quattro1

So the guy who broke the Bank of England and has well documented history is crashing currencies across the globe just made another billion in the last 3 months off the Yen. How much dinar do you think Soros has? http://www.bloomberg.com/news/2013-02-14/soros-said-to-make-1-billion-since-november-on-yen-bet.html

http://www.cnbc.com/id/100377532

DEBUNKING this rumor. Bank of America only has 1 ATM (no branches) in the entire state of Utah. Type in Salt Lake City Utah ... and see for yourself ... http://locators.bankofamerica.com/locator/locator/LocatorAction.do

http://www.nytimes.com/2011/05/19/world/europe/19iht-profile.html?_r=1

Unfortunately ... the rate at the CBI is the same. http://www.cbi.iq/

http://www.breitbart.com/article.php?id=CNG.9964072691a62252d0a98b0308fb8063.281&show_article=1 China's President Hu Jintao said Sunday the international currency system was "a product of the past," but it would be a long time before the yuan is accepted as an international currency. Hu's comments, which came ahead of a state visit to Washington on Wednesday, reflected the continuing tensions over the dollar's role as the major reserve currency in the aftermath of the US financial crisis in 2008. "The current international currency system is the product of the past," Hu said in written answers to questions posed by The Wall Street Journal and the Washington Post. Highlighting the dollar's importance to global trade, Hu implicitly criticized the Federal Reserve's recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries' exports. "The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level," Hu said. China's own currency, the yuan or renminbi (RMB), is also expected to be a bone of contention in Hu's talks with Obama, with the United States complaining that it is artificially overvalued to boost Chinese exports. Asked about the view that appreciation of the yuan would curb inflation in China, Hu suggested that was too simplistic a formula. "Changes in exchange rate are a result of multiple factors, including the balance of international payment and market supply and demand," he said. "In this sense, inflation can hardly be the main factor in determining the exchange rate policy," he said. At the same time, Hu signalled no imminent move away from the dollar as a reserve currency, saying it would be a long time before the yuan, or renminbi (RMB), is widely accepted as an international currency. "China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development," he said. "But making the RMB an international currency will be a fairly long process." Nevertheless, Hu noted that China has launched pilot programs using the yuan, or renminbi, in settlements of international trade and investment transactions. "They fit in well with market demand as evidenced by the rapidly expanding scale of these transactions," he said. ---------------------- Interesting pieces of the puzzle beginning to appear. Anyone remember how much China has in Iraqi Dinar?

IMO when someoen uses the word "scam" today -- it is merely a cop-out by people who won't take the time to read and learn about something on their own. Sadly a lot of folks have lost their ability to "think" as they've grown accustom to the "not-so-bright" actors or TV personalities to tell them how and what to think in today's world. The good news is, if you invested in the Iraqi Dinar -- you're way ahead of the pack! The trick after the RI/RV is to not fall into the same trap and rely too heavily on what others will tell you to do with your money. Trust your gut and repent so that you will be worthy of the spirit of God to direct you to follow God's will. Good luck to us all!

God Bless our AWESOME Military and their families who have endured so much over the years to preserve our way of life! http://www.youtube.com/watch?v=hkGzqpGx1KU After watching this ... it kinda renews your determination to live a good life so that likewise, God's arms will open wide to recieve you -- just as a proud parent and child do when reuniting. God bless and keep you! Quattro1

Thanks for the post. I pray their families will turn their hearts and minds to God during this time of loss. God save saved us all!

Thanks for the post -- can't wait to show it to my wife!

Ever notice that the CBI website (www.cbi.iq) has a section in the center titled ... "What are you looking for?" Maybe someone needs to inform the webmaster of the CBI site to list the missing bullet, to say ... "RV" (just joking folks). Happy New Year everyone -- was hoping it would end on a "happier" note. 11:57pm in Baghdad

11:45 pm, Dec. 31, 2010 in Baghdad right now. Good grief, I'm an addict.

WUPW News reporting that the "Dinar Investment a Ponzi Scheme." It's gonna be as plain as the egg on their face when this deal RV's!!!

Always nice to start the day with a little "Humor" ... or uh ... "Rumor" that is. Go RV!

My wife and I recently bought more Dinars from Ali with anticipation of the impending RI/RV in hopes that we could "help" some family members -- mainly my sister-in-law who works for my wife in their accounting dept. Here's the question(s) ... in your opinion (realizing that probably none of us are Tax Attorneys, and none of us can hold anyone to their "opinion" ... 1. What is the best way to "gift" dinar to relatives? Before RV or after? Is a notary necessary? Should I give the physical Dinar to them in advance of the RV? 2. What is the best way to pass along wealth to your kids? (I've read many discussions on Family Trusts, 501c3's, and Dividend Paying Whole Life Insurance Policies) -- but, from my searching the DV database, I can't see where this discussion has been addressed more recently. Any advice would be greatly appreciated -- hopefully not just for myself, but many of the DV family. THANK YOU in advance and God bless! Quattro1 ** Mods -- please forgive me if I posted this in the wrong area.

http://www.ksl.com/?nid=235&sid=4274925 December 22nd, 2010 @ 7:24pm By YAHYA BARZANJI and SAMEER N. YACOUB Associated Press KIRKUK, Iraq (AP) - No decorations, no midnight Mass. Even an appearance by Santa Claus has been nixed after Iraq's Christian leaders called off Christmas celebrations amid new al-Qaida threats on the tiny community still terrified from a bloody siege on a Baghdad church. Christians across Iraq have been living in fear since the assault on Our Lady of Salvation Church as its Catholic congregation was celebrating Sunday Mass. Sixty-eight people were killed. Days later Islamic insurgents bombed Christian homes and neighborhoods across the capital. On Tuesday, al-Qaida insurgents threatened more attacks on Iraq's beleaguered Christians, many of whom have fled their homes or the country since the church attack. A council representing Christian denominations across Iraq advised its followers to cancel public celebrations of Christmas out of concern for their lives and as a show of mourning for the victims. "Nobody can ignore the threats of al-Qaida against Iraqi Christians," said Chaldean Archbishop Louis Sako in Kirkuk. "We cannot find a single source of joy that makes us celebrate. The situation of the Christians is bleak." Church officials in Baghdad, as well as in the northern cities of Kirkuk and Mosul and the southern city of Basra, said they will not put up Christmas decorations or celebrate midnight Mass. They urged worshippers not to decorate their homes. Even an appearance by Santa Claus was called off. "It's to avoid any attacks, but also to show that people are sad, not happy," said Younadim Kanna, a Christian lawmaker from Baghdad. Even before the Oct. 31 church attack, thousands of Christians were fleeing Iraq. They make up more than a third of the 53,700 Iraqis resettled in the United States since 2007, according to State Department statistics. Since the church attack, some 1,000 families have fled to Iraq's safer Kurdish-ruled north, according to the United Nations, which recently warned of a steady exodus of Iraqi Christians. The latest threats were posted late Tuesday by the Islamic State of Iraq, an al-Qaida front group, on a website frequented by Islamic extremists. The group said it wants the release of two women it claims are being held captive by Egypt's Coptic Church. Muslim extremists in Egypt accuse the Coptic Church of detaining the women for allegedly converting to Islam, an accusation the church denies. The message posted Tuesday was addressed to Iraq's Christian community and said it was designed to "pressure" Egypt. Few reliable statistics exist on the number of Christians remaining in this nation of 29 million. A recent State Department report says Christian leaders estimate there are 400,000 to 600,000, down from a prewar level of some 1.4 million. For those who remain, Christmas will be a somber affair. In the northern city of Kirkuk, 180 miles (290 kilometers) north of Baghdad, Sako said there will be no Christmas decorations outside churches and a traditional visit by Santa Claus has also been called off. Money usually used on celebrations or gifts will instead go to help Christian refugees. Ashour Binyamin, a 55-year-old Christian from Kirkuk said he and his family would not go to church on Christmas and would celebrate at home. At Baghdad's Our Lady of Salvation Church, where more than 120 parishioners were held hostage by gunmen during the four-hour siege, all Christmas Masses have been canceled. Only a modest manger display will mark the occasion. "We have canceled all celebrations in the church," said Father Mukhlis. "We are still in deep sorrow over the innocent victims who fell during the evil attack." In Baghdad's Karradah neighborhood, where many of the city's remaining Christians live, churches were guarded by security forces Wednesday and surrounded by razor wire. Shop owners said few people were buying the Christmas trees and Santa Claus toys on sale. Ikhlas Bahnam, a Christian in the neighborhood, vowed to go to Mass on Christmas Day, despite what she called the government's failure to protect her small minority. But she won't be visiting friends during the holiday season because all of them have fled the city. "We did not put any decorations inside or outside our house this year," Bahnam said. "We see no reason to celebrate." In Mosul, 225 miles (360 kilometers) northwest of Baghdad, the Rev. Faiz Wadee, a Syrian Orthodox priest, said there will be no public Christmas celebrations there. And Christians in Iraq's second-largest city of Basra have also called off all celebrations, said Saad Matti, a Christian legislator on the Basra provincial council. "There will be only a small Mass in one church in Basra without any signs of joy or decoration and under the protection of Iraqi security forces," he said. "We are fully aware of al-Qaida threats." Matti said Christians were also toning down their celebrations out of respect for a Shiite holiday going on at the same time. The majority of Iraqis are Shiite Muslims, especially in the south. Even among Iraqi Christians who've managed to escape the violence, the mood was subdued. Maher Murqous, a Christian from Mosul who fled to neighboring Syria after being threatened by militants, said his relatives are still at risk in Iraq, and since they cannot celebrate, neither will he. "We will pray for the sake of Iraq. That's all we can do," he said from his home in Damascus.

Kinda makes you wonder if the RV will happen closer to Christmas while most folks are distracted playing Santa and the banks are closed. GO RV!!!

http://online.wsj.com/article/SB10001424052748703886904576031510722493874.html?mod=googlenews_wsj The Coming Iraqi Business Boom Foreigners can own 100% of Iraqi companies, must pay only a 15% flat tax on profits, and may take 100% of those profits home when and how they please.. The expected announcement of Iraq's new government marks the culmination of a remarkable process. The former bully-boy of the Arab neighborhood has become its only functional democracy. What may be the world's richest resource economy, once the closed shop of a murderous clique, is today wide open for business. Driven by what many geologists consider the world's largest oil reserves, Iraq will probably be the world's biggest crude oil producer within a decade. The country currently ranks second to Saudi Arabia in official reserves, with 143 billion barrels. With much of Iraq's exploration still to come after a three-decade hiatus, and with Saudi Arabia's reserves substantially inflated and already in decline, Iraq could take the mantle as No. 1 in fairly short order. Iraq last year signed 12 oil contracts that promise to take output from under two million barrels per day currently—less than Algeria—to over 12 million by 2016. This timeline is probably optimistic, but the contracts will likely see Iraq surpass Saudi Arabia's 10 million to 11 million barrels per day within a decade. And these figures include no contributions from Iraqi Kurdistan, from natural gas reserves, or from new oil fields, with which the lightly-explored country is replete. The Saudi comparison suggests that as Iraq's oil production rises, its economy could grow approximately six-fold over the coming decade—gross domestic product is currently $66 billion—and add a mind-boggling $300 billion in annual GDP. This means one of the largest economic reconstruction and development booms in history. View Full Image David Gothard .The entire Iraqi economy is being rebuilt. The government's electricity program has a $50 billion price tag. Baghdad has awarded the reconstruction of Sadr City to six Turkish companies at a cost of $11 billion. Nationwide, thousands of police stations, schools and clinics will be built. Airports, bridges, dams, railways and roads are being planned. The $20 billion Al Faw port project will create the leading port in the Persian Gulf. A modern army, air force and navy will be trained and armed. The investment programs of last year's 12 oil deals alone add up to well more than $200 billion. The holy cities of Najaf and Karbala currently receive more annual visitors than Mecca but have almost no hotel space or modern residential facilities. Iraq's real-estate sector generally is warming up, with Abu Dhabi companies alone committing over $65 billion in the last year. New refineries, cement plants and steel mills are being financed across the country. Iraq's greatest resource is its famously resourceful, tough, educated and enterprising people. Whereas the capitals of the Gulf oil monarchies did not have paved streets a generation or two ago, Baghdad and Basra are ancient capitals of commerce, ideas and global finance. Oil, people and history are not Iraq's only advantages. One of the important food-exporting countries of world history, watered by the Tigris and Euphrates rivers, Iraq possesses abundant agricultural potential. Located at the head of the Persian Gulf, Iraq is poised to regain its ancient role as a trade link between East and West. A modern rail system linking the Gulf to Europe via Turkey will provide Asian exports a faster, safer and cheaper alternative to the Suez Canal and the Horn of Africa. Perhaps most important of all, Iraq's is a free economy. There is no ruling family, party or tribe in Iraq, and there is no culture of religious imposition. There is strong evidence that Iraq can avoid much of the "oil curse" and build a more cosmopolitan and modern economy than those of its autocratic neighbors. In the last election, senior Iraqi leaders campaigned on, among other things, establishing individual oil accounts for Iraq citizens to receive their share of the nation's wealth directly. Unique among the region's resource economies, this would put the state at the mercy of the people, not the other way around. The quality of Iraq's economic management is visible in the soundness of its macroeconomic picture. Inflation is under control at 5% per year, the government budget will likely be balanced with increased exports in 2011, and the Iraqi dinar (soon to appreciate as exports take off) has held steady against the U.S. dollar since early 2009. GDP growth, forecast by the International Monetary Fund to be 11.5% for 2011, is already among the highest in the world, with the investment boom barely in its infancy and the export surge yet to begin. Corruption, of course, is a problem. But Iraq's oil industry, which accounts for 80% of the economy, is one of the world's most transparent. Last year's auctions were subject to competitive bidding, the contract terms were announced publicly, and the bids were opened live on national television. To followers of extractive industries, it was previously unimaginable that this could happen outside of a few highly developed countries like Norway or Australia. This year Iraq was accepted on the membership track for the international Extractive Industries Transparency Initiative. It is the only Middle Eastern oil country even to apply. Violence in Iraq is now mostly a criminal matter. Over the past two years, the country has suffered fewer than 40% of the deaths by violence that Mexico has. Iraqi fatalities are now well below the levels seen during the quiet months immediately following the U.S invasion in 2003. A visit to Baghdad or Basra today isn't intimidating for businessmen accustomed to Lagos or Rio de Janeiro. Bureaucracy is Iraq's biggest problem. Incorporating local entities is expensive and time-consuming. Obtaining a visitor's visa is absurdly difficult for a country requiring so much foreign investment. And numerous ministries and government agencies frequently claim authority over simple business matters. But the big picture for foreign companies is positive, as Iraq has a substantially more modern and liberal regulatory framework than almost any nearby country. Foreigners can own 100% of Iraqi companies, must pay only the 15% flat tax that the rest of the economy pays on profits, and may take 100% of those profits home when and how they please. Nine months has been a long time to wait for a new government, but the process has happened peacefully and constitutionally. That's far more encouraging than all the country's oil reserves together. Mr. Bull, a former journalist, is a founder of Northern Gulf Partners, an Iraq-focused investment bank.

http://www.foxnews.com/world/2010/12/15/united-nations-lifts-iraq-nuclear-weapons-sanctions/ The U.N. Security Council on Wednesday lifted sanctions that prohibited Iraq from pursuing a civilian nuclear program, in a symbolic step to restore the country to the international standing it held before Saddam Hussein's 1990 invasion of Kuwait. "This is a big announcement. A new day for Iraq," a State Department official told FoxNews.com. Iraq's constitution bars the country from acquiring weapons of mass destruction and the country is a party to the main nuclear, chemical, biological and missile treaties. The resolution, adopted unanimously, also lifted sanctions that barred Iraq from acquiring nuclear, chemical or biological weapons and long-range missiles. "What this basically is a recognition by the international community of the efforts and progress that has been made in Iraq up to this point to rejoin the international community and their commitment to living within the guidelines of the international community," the official said. The official noted that sanctions have been in place since Saddam Hussein's invasion of Kuwait in 1990. "The Iraq of today is a very different place of the Iraq of that time," the official said. "This is acknowledgement of that fact." The council also voted to return control of Iraq's oil and natural gas revenue to the government on June 30, 2011, and to terminate all remaining activities of the oil-for-food program which ran from 1996-2003 and helped ordinary Iraqis cope with sanctions. The U.N.'s most powerful body voted a day after a deadlock on forming a new Iraqi government ended and a year before the United States is scheduled to pull its last troops out of the country. The council said it recognized "the positive developments in Iraq and that the situation now ... is significantly different from that which existed" after Saddam's 1990 invasion of Kuwait. It also recognized "the importance of Iraq achieving international standing equal to that which it held" prior to the invasion. Iraq's Foreign Minister Hoshyar Zebari said Wednesday's meeting of the Security Council was "a historic session" since it ends an international embargo imposed on Iraq because of the wars started by Saddam's regime. Before the vote, Zebari called the lifting of the sanctions "the biggest political accomplishment for Iraq." "I can say that the session today is the beginning of the end," Zebari told the AP in a phone interview ahead of Wednesday's meeting. "Today Iraq will be liberated from all sanctions caused by wars and misdeeds of the former regime." The Associated Press contributed to this report.

History in the making! GO RV!

Conspiracy or Coincidence? This past week has a busy week for "private meetings" with Obama at the White House. So, do you believe the purpose of these meetings was to really talk about "creating jobs" and "taxes" ... or about the RV? Obama private meeting with Jamie Dimon of JP Morgan Chase: http://politics.blogs.foxnews.com/2010/12/09/jamie-dimon-back-white-house-1 Obama private meeting with Bill Clinton: http://content.usatoday.com/communities/theoval/post/2010/12/obama-clinton-meeting-a-private-affair/1 As a Dinar investor, you've probably followed the history of money long enough to understand why the RV must happen. Watch this video ... read between the lines ... financially speaking -- something's gotta give ... and the RV (imo) is the ticket >>> http://inflation.us/videos.html After you watch the video ... read this post that was done last March -- very interesting sequence of events we are watching. GO RV! -------- Summarization of Article below: The article I found below is just a summarization to the article wrote by Reuters. If you read my previous article, you understand that the CBI is hedging against the debt that is mounting in Iraq and to support the banking system. Please take note that the security issue remains a big issue over in Iraq, which is a key element to why Iraq has to continue to fork out large amounts of money to pay for deaths, destruction of property, and loss of tax revenue from local businesses. The Treasury Bills are being used to create additional revenue to help stabilize the economy (the finances for Iraq) so inflation stays in check. Also, and please read carefully the next few sentences…. The IMF is just a support mechanism for those countries in need economically. The main reason the CBI and Iraq are not choosing to take the IMF loan, is because the IMF is used for countries in need economically (financially in turmoil), and Iraq (CBI) don’t want to view in this manner- if they are to show the international exchange market that they can managed their government, country, and finances on their own. Ponder this: Chew on this for a while…. Would you invest your money into a company that has financial issues, or better yet, relies on others to manage their company? Perception is a big part of investing, whether it’s a stock, commodity, or currency. Fear also plays a big part of that. Investors want to see that Iraq is stabile economically, fiscally; a quality government, and a country that safe and business owners fell confident that their business will not be harmed by terrorism or corruption. That being said, have you notice in all the recent IMF, World Bank, UN, and many news articles, that Iraq has done an about face in regards to many of these issues. Believe this, CBI has had a game plan for a very long time with a complete “things to accomplish in order to RV list”. The Rothschild’s who own the CBI is rich for a reason. They basically purchased them back in 2003, through buying up all the government securities (bonds and t-bills) The Rothschild family and the Bilderberg Group (the other richest family in the world) own all the world banks, central banks, and even our U.S. federal reserve. I know it’s hard to believe for some of you, but it’s true. You can do all the research you like and you will ultimately find that these banks are ran by the richest people in the world, not the governments. There is a reason for this. What do you think would happen if our U.S. government or any other government for matter was in control of the money in these banks? IMO, they would screw it up as they usually do! I’m going to go into all the biased or political ways they could screw it up, but you know they would. The U.S. government can’t even manage the U.S. Post Office, Medicaid, and Medicare! What makes you think they can be in charge of their own money?! Disturbing, yet frighteningly funny! So if we know that CBI is owned and ran by the Rothschild family, we know that the UN, is requesting that Iraq RV, IMF and the World Bank give them their blessings to forth and stand on their own two feet, then why hasn’t CBI just come out with the RV!? That my friend is the Trillion dollar question! So can someone please get the Rothschild family or Shabibi on the horn and ask them what’s up?! Maybe my friends Enorrste and Kaperoni can answer that one. Either way, understand that we are so close, and we know that CBI will RV this currency on the international exchange market (Forex) and we will all be rich! And for all you Rate and Date (Rad) people, take a deep breath, unless you are in the bathroom, and just know that God has a plan and you are lucky enough to be in it. Gankans Let go and let God

http://www.thenational.ae/business/property/iraq-housing-foundations-remain-rocky Internal wrangles in Iraq continue to blunt efforts to build millions of badly needed homes in the war-torn country. "There is a lot of confusion in Iraq on how to deal with [the housing issue]," said Samir Daoud, the founder of Diar Consult architects, which has offices in Abu Dhabi and Dubai. "Developers are really interested but they've been waiting for months, if not years." The UN estimates more than 2 million homes are needed in Iraq by 2016, although some analysts place the number closer to 3 million. In recent years there have been several announcements about multibillion-dollar deals with foreign companies for housing projects but little progress. In September, Iraq's National Investment Commission announced that two UAE developers, Al Maabar and Bloom Properties, had closed deals on projects worth US$66 billion (Dh242.4bn). But three months after the announcement, Al Maabar still has not signed contracts for the deal, a company spokesman said. And a project in Iraqi Kurdistan proposed by Damac Properties, based in Dubai, collapsed earlier this year. More than $50bn in investments in Iraqi housing from the UAE have yet to come to fruition, according to a report from Dunia Frontier Consultants (DFC), which tracks the market. The biggest issue has been the lack of a central government, said Kyle Stelma, the emerging markets director at DFC. Nouri al Maliki, the Iraqi prime minister, has promised to form a cabinet this month after an eight-month delay. "The general consensus is that if they finally seat a coalition government, 2011 will be the year of foreign investment in Iraq," Mr Stelma said. This year the government approved a law allowing foreign investors to own property, he said. "The government is fully supportive of these things and it's a big, very real market," said Mr Stelma, who described his outlook for the country as "cautiously optimistic". Security issues and corruption are also conspiring to frustrate housing initiatives, analysts say. Several regions do not have adequate roads, electricity or water infrastructure to support new developments. "The next year will see a lot of improvement in these areas," said Dhia al Shakarchi, the vice chairman of the Iraqi Business Council in Abu Dhabi. "They are going on the right track." Recruiting foreign investors will be a top priority, government officials say. A 300 billion Iraqi dinar (Dh945.7 million) fund created in 2005 by the Iraqi government to encourage house purchases is already two-thirds depleted with little hope of it raising outside capital, Khairi F Awn, the director of the fund, said last week at a conference in Jordan on Iraq's housing issues. "We are far away from achieving our goals," Mr Awn told Bloomberg. "A crisis of this size can't be resolved by any government, even using all its resources." Mr Daoud also attended the conference in Jordan. Afterwards, he said little had been achieved. "There is no programme, no plan of action" as to how to address the situation, he said. Saber ala Issawi, the mayor of Baghdad, announced recently that the government would soon float a tender to foreign companies to build 82,000 homes in the city, part of a plan to raise more than $100bn for housing. Some 80 per cent of the money will need to come from private sources, he told Reuters. Baghdad's government has targeted $1.5bn for housing and infrastructure improvements next year. But the funds have not yet been approved, Mr al Issawi said. ----------------------------------------------- Start the RV, put the oil pumps into overtime and the money should flow into IRAQ just as easily as the oil can flow out of it to pay for housing. GO RV!!!

Thanks for taking the time to post this!

Iraqi Cabinet Approves 93 Trillion-Dinar Spending Plan for 2011 http://www.bloomberg.com/news/2010-12-01/iraqi-cabinet-approves-93-trillion-dinar-spending-plan-for-2011.html Iraq’s cabinet approved a 93 trillion-dinar ($79.5 billion) federal draft budget for 2011, an increase of about 9 percent on the previous year’s spending plan, the government’s official spokesman said. The budget is based on an oil price of $73 a barrel and average crude output of 2.25 million barrels a day, according to the statement. It forecasts government revenue at 78.7 trillion dinars, leaving a deficit of 14.3 trillion dinars that will be covered by borrowing, sales of assets and other income, Ali al- Dabbagh said in an e-mailed statement today. Lawmakers still need to approve the document. The process has been delayed by the eight-month political deadlock that followed inconclusive parliamentary elections in March. Iraq took its first steps to form a new government last month when Prime Minister Nuri al-Maliki secured a second term and was tasked with choosing the new cabinet. A total of 29 trillion dinars was set aside for investment next year, and 64 trillion for operational expenses, Al-Dabbagh said in the statement. The oil production forecast includes 150,000 barrels of crude exported daily from Kurdistan, he said. Supplementary payments of 1.6 trillion dinars was set aside for oil and gas-producing provinces, which will be allocated according to their output, according to the spokesman. Iraq has awarded 12 oil-service contracts and three gas licenses as part of a plan to boost production. Iraq has official oil reserves of 143.1 billion barrels, excluding the northern region of Kurdistan, and depends on oil revenue to fund about 95 percent of its budget. The 2010 budget of 84.7 trillion dinars was based on an oil price of $63.50 a barrel, and forecast a deficit of 22.9 billion trillion.

Hats off to you Doc! I used to read all of the posts on this site ... but now I've learned that it's more important to only read the ones (like yours) that matter! Appreciate you and I'm certain that most people on this site do as well.