jfv

RV LOOKS VERY GOOD AND ANY TIME NOW. GORV!!!!!!!!!!!!!!!!!!!

Related articles ~ Link ~ IMF ASKS IRAQ TO PROMOTE THE VALUE OF THE IRAQI DINAR ... Link ~ Meeting this week ~ Iraqi Finance reveal a decline in the cash budget gap in 2011 ... 10/11/2010 IMF renews demand to end the Iraq debt Baghdad, The adviser at the CBI, on Wednesday, the IMF renewed its call on Iraq to end its debt outstanding files that hinder the movement of the Iraqi economy. He said the appearance of Mohammed Saleh told the Kurdish news agency (Rn) "The IMF renewed its call to the Ministry of Finance and Central Bank need to develop a convincing solutions to the crisis of external debt in order to facilitate the move of the financial Iraqi banks." He added that "the CBI believes that the node did not develop the Iraqi economy due to the weights of the country files of debt and borrowing and damages the political movement that prevent the Iraqi economy are free." And that "the file to resolve Iraq's debt would stimulate economic activity, and then release the constraints of the government and private banks and also will contribute to Iraq's entry into the World Trade Organization." The team was Iraqi to join the World Trade Organization was established in December 13 / December 2004, and presented a memorandum to obtain membership of the Organization on 16 September 2005, the adoption of Iraq, an observer in the January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by a second round of meetings in 2008, then the third round the end of 2009 The Central Bank of Iraq to end 90% of the file's internal debt traders and private companies, according to the Paris Convention, which Iraq has fulfilled its obligations to the entire private sector, which Yun part of the restrictions placed on Iraq. The UN Security Council issued its resolutions 1483 which was released in 2003, put money in the Iraq Development Fund for Iraq, which go to DFI's imports of Iraqi oil and oil for food program as well as funds belonging to the former regime. http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.aknews.com/ar/aknews/2&rurl=translate.google

didn't someone say that the currency tables in arab and europe would show up before they would here in the states? How true is that? Thanks, Janine GOOOOOOOOORVVVVVVVVVVVVV!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

9. Scooter said so! 12. AND MUCH MUCH MORE Thanks, that was great! GO RV!!!!!! janine

If they are being paid in Dinar then why are they holding USD?

Doc, Do you have any idea as to why there would be no Buy/Sell rate for Canada and Japan today? Thanks, Janine

Thank You for saying what I was thinking. janine

Birddog i totally noticed that this morning as well... Something is interesting about the currency auctions updating but not the currency buy/sell... Waterman here is the link to Central Bank of Iraq www.cbi.iq janine

Thanks for the laugh! janine

Looks like an RV to me! janine

November 1, 2010 Weaker dollar 'may force Gulf states to appreciate currency' A weaker dollar, to which most of the currencies of the Gulf are pegged, may force the region's states to appreciate their currencies, a top Arab monetary official said on Monday. "Our region is not shielded against the impact of the currency war because our currencies are pegged to the dollar," Jassem al-Mannai, director general of the UAE-based Arab Monetary Fund told the Kuwait Financial Forum. "This (currency war) will impact the Arab economies, especially with regard to (higher) inflation and other problems," said Mannai. "If the (US) dollar continues to slide, it may force countries in the (Gulf) region to appreciate their currencies." The forum, in its second year, is a two-day meeting of regional banking and finance leaders, which is this year focusing on the impact of the global financial crisis on oil-rich Gulf countries. Mannai later told reporters that if a currency war flares, "I believe the GCC states will certainly start discussing and evaluating the impact on their currencies." Five of the six-nation Gulf Cooperation Council (GCC) states have their currency pegged to the dollar, while Kuwait pegs its dinar to a basket of currencies in which the dollar is believed to constitute between 70-80 percent. The GCC consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, together responsible for supplying just under a fifth of the world's crude needs. The issue of GCC dollar peg was debated during the boom years of 2007 and 2008 when the heating Gulf economy and sliding US economy went in opposing directions. Gulf states needed to raise interest rates in a bid to halt soaring inflation which hit double digits in most of Gulf states, but were forced to maintain low interest rates because of the dollar peg. The issue also attracted attention after wild speculations on GCC currencies, especially from foreign money, under the assumption that GCC states were going to appreciate their currencies. But the GCC states, spearheaded by Organisation of Petroleum Exporting Countries kingpin Saudi Arabia, rejected pressures for de-pegging. Mannai and senior advisor at the International Monetary Fund Alfred Kammer also warned of rising inflation in Gulf states because of high food prices. Four GCC states -- Bahrain, Kuwait, Qatar and Saudi Arabia -- have signed a monetary council pact and set up a monetary council in the Saudi capital Riyadh, while the remaining two states pulled out. http://www.busrep.co.za/index.php?fArticleId=5711498&fSectionId=631&fSetId =662

* don't promote other sites Repost: Making Sense of the Numbers – NO LOP October 31st, 2010 03:40 pm · Posted in CHATS / POSTS, TIDBITS All, From the moment I’ve been in this investment even until now, the debate of LOP versus RV has been raging. That very argument is what drove me and thousands of others AWAY from Investors Iraq (IIF), as it appeared it was absolutely overrun by those who felt it was their mission to squash the hopes and dreams of other investors. I am sharing this with the permission of those who have helped bring me this concept to light, from several legitimate economists and very sharp minds, their perspective to help each of you understand this dilemma. I don’t know about you, but I’ve been told time and again by those who are absolutely in a position to know that this will NOT be a LOP, but will be a straight-up RV, yet I found myself not being able to refute the arguments of those who brought only “part of the truth” forward, using the “numbers” to their advantage through logical focus on that which was clearly understood. This post of mine is dedicated to explaining how an RV will happen. CONCEPT EXPLAINED: First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. How the CBI “RECAPTURES” the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.) Other Factors that Strengthen Iraq’s Position and Ability to RV: DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”. So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out. US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors” Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

I think it is also very interesting...118 educated employees is really good janine

Thanks for the post Rudolph and the time line is great with me too!!!!

You said exactly what i was thinking.... janine

Leading Al-Iraqiyah member Jamal al-Battikh told RFE/RL on October 26 that his bloc no longer insisted on the post of prime minister and will settle for president. Great article... Janine

Iraq is on the fast track to recovery! GOOOOORVVVVVV!!!!!

I like the sound of that first sentance. Baghdad / 27 October (Rn) - The adviser in the Iraqi government, on Wednesday, that the Council of the prime minister postponed to read the budget in 2011 to next week, in order to address the problem of the difference between the price of oil and oil ministries of finance ministries. Read more:

BB and M International Corp. Announces Partnership with Warka Bank for Investment and Partnership enables BB&M International to offer interest-bearing offshore bank credit cards, issued from Warka Bank in Iraq. BB&M International Corporation (http://www.bbmone.com/), an offshore banking company, is pleased to announce its recent partnership with Warka Bank for Investment and Finance, one of the largest financial institutions in Iraq. BB&M International and its CEO, William Burbank, received the following endorsement from Mohammed Kamal Issa, Managing Director for Foreign Businesses at Warka Bank: “Mr. William Burbank is a VVIP customer of our Bank and has been for the last three years. BB&M International Corporation has operated its AmIraq Fund LP through our bank and is in compliance with all regulations and licenses needed to operate in Iraq. Mr. Burbank holds a seat on the Iraqi stock exchange and is capable of CDS and stock trading as well as Forex trading through the AmIraq Fund LP. We hold Mr. Burbank and his company in the highest regard.” Through the partnership, BB&M International is now able to offer offshore institution-branded Visa and MasterCard credit cards. Issued in Iraqi Dinar or USD, the offshore credit cards (http://www.bbmone.com/) can be used to convert to most currencies at the exchange rate set by the CBI (Central Bank of Iraq) that day. Interest bearing Visa or MasterCard accounts are available ranging from 5%-9% APR. “We are very excited to be able to offer our investors this option,” Burbank says. “When it comes to offshore banking (http://www.bbmone.com/), being able to access your funds whenever needed is priceless. BB&M International facilitates this need by now offering interest-bearing offshore bank credit cards. Your card will be issued from Warka Bank in Iraq. These institution-branded high interest offshore credit cards (http://www.bbmone.com/) offer payment flexibility and convenience to today’s offshore investor.” These accounts earn up to 9% per annum on the 90-day Certificates of Deposit they offer for sale if you hold a current or savings account. The Central Bank of Iraq offers much more with 180-day Treasury Bills, which yield up to 14%. Why the high rate of return? “The Iraqis have made their currency of no value outside their own country, although the paper money does trade in Dubai,” Burbank says. Burbank says now is the time to make investments in Iraq. “People don’t realize that despite the war, Iraq is actually a boomtown for interest rates. There is a very large return on investments in Iraqi Bonds and Treasury Bills.” According to Al Jezerra newswire, there are approximately twelve private banks thriving amid the absence of a government at this time in Iraq. The top four have already sold up to 49% of their stock to western banks in return for modernization like Visa and MasterCard debit cards attached to dinar/dollar accounts. Bank of America owns Trade Bank along with Wells Fargo and four other banks from the U.S. HSBC owns half of Dar Es Sallam Bank. Many banks worldwide are making deals in Iraq. “The only people being left out are the average citizens,” Burbank says. He explains, “The food and stuff needed to carry on an average day in Iraq must be paid for in dollars, which can be borrowed from Trade Bank of Iraq, a U.S.-owned bank that sells letters of credit in dollars for oil futures. The rest must be borrowed by investors brave enough to open an account in Baghdad and reap the profits, which are unmatched in richness in the western world.” http://bit.ly/9e1nod http://don't promote other sites.wordpress.c...t-and-finance/

Went next Tuesday to determine a date for the resumption of parliamentary sessions Congress excluded to take place in the event no agreement is reached on the «deal three presidencies بغداد - الصباح BAGHDAD - morning At the time of the reported information to determine the direction for next Tuesday as the date for the resumption of meetings of Parliament, the Congress ruled the House of Representatives in the event of not reaching a deal to distribute the positions among the presidential political blocs. Welcomed the Vice President Adel Abdul-Mahdi, the court's decision to resume the meetings of the Council. He stressed in a statement issued yesterday, on «the importance of expediting the implementation of this resolution and to end the open meeting in preparation for the sessions of the Council of Representatives and an end to form a government», indicating that «the issuance of this decision is a victory for democracy and system of Representatives of Iraq, despite the disruption and delays that occurred, which hit the country and our political system badly .. We believe this resolution meets the demand for which we launched our initiative in 08/24/2010 and consider it has achieved the desired results, which leads us to suspend our initiative, and we await the first session as soon as the things return to normalcy of constitutional and natural ». He said Abdul-Mahdi:« We We declare our support and our joy in this resolution that called for by the masses of our people and strength of different, and comes responsive to the initiatives of the Libyan, especially the institutions that worked under the title of the civil initiative, as well as the initiative that we launched on 24.08.2010, which demanded the convening of the House of Representatives as the center of the political system in the country as stipulated by the Constitution », adding that« this initiative reacted slowly, and was welcomed and supported by a large number of members of the House of Representatives, and the number who attended them at different times reached more than 80 deputies from different parliamentary blocs, in addition to widespread support for this initiative Agents references bones and Friday preachers and political leaders and by the unions, and scientific figures, academic, media, and cultural, occupying an important aspect in the political movement and in the media, through seminars dialogue within and outside parliament, which discussed the fundamental issues concerning the citizen's life, present and future, such as Security and the Constitution and the role of the Council of Representatives Legislative and regulatory, health, education, media, economy and investment. As stated «We stress again the need to expedite the convening of the meeting of the Council of Representatives, and an end to the open meeting, as a matter of constitutionally binding on the President of the Age, Dr. Fuad Masum, as well as to all officials and political blocs in order to pave the way for ending the political crisis facing the country, and speed up the convening of meetings House of Representatives and to form a government of national partnership, which let it since the early days of the announcement of election results ». indicated that the MP Hanan al announced that the President of the Age of Parliament Fuad Masum, received yesterday evening, the first Federal Court decision Basinav parliament sessions. The Fatlawi: he «is expected to announce the infallible date of the hearing in two days, as of that when he took the decision of the Court will announce the date of the meeting». For his part, President of the Constitutional Review Committee leadership in the Islamic Supreme Council Hamoudi: The «Federal Court decision to end open meeting of the Parliament and the resumption of work confirms that abide by the constitution is the solution and beyond the sign of the country Bmtabat far from the public interest ». Hamoudi said in a press statement issued by his office yesterday: The« Federal Supreme Court considered in its decision of 24 of this month that the absence of the work of one of these authorities indicates an imbalance in the pillars of the republican regime of Deputies, so I invited the President of age to comply with the decision by calling the House of Representatives to convene, as we have seen the significant role of civil society organizations and the Iraqi people in this decision «. stressed Hamoudi that« this initiative reveals that abide by the constitution is the solution and overcome or circumvent or interpreted in a political servant of this or that party, will sign the country and everyone in the pitfalls of keep them all for the public interest, which is the goal of everyone and make the country in the maze and confusion blame where some of the other ». He pointed out that« the Court well done when I decided and imposed on everyone refer to the Constitution and the strict adherence to deadlines constitutionally compel all those dates and times are constitutional, and thus the pressure factor real prevents the political pressure of the blocks that can be lost in the country and the future », pointing out that« the decision stressed that the people and civil society organizations were more aware of progress and far from the narrow interests when logged initiated a lawsuit against the President of age for the House of Representatives who served as dictated by the masses of what he called an extension of the open meeting, despite opposition from her people and some political figures. He also said Hamoudi that «the people's initiative through their representatives in civil society organizations and the success of the lawsuit has strengthened in a clear and strong people's exercise of his powers in the face of decision-makers, in addition to the Constitution with him has provided him with this power, Hama by the Federal Constitutional Court». A number of civil society organizations The last August filed a lawsuit in Federal Court against the President of the Interim Parliament Fuad Masum on demand to cancel the open meeting and shall be obligated to resume the meetings of Parliament, the election of a new speaker and two deputies. Article III of the Ninety of the Constitution provides that the terms of reference of the Federal Court is to control the constitutionality of laws and regulations window, and the interpretation of provisions of the Constitution, separation of issues that arise from the application of federal laws, resolutions, regulations, instructions, and procedures issued by the federal authority, and adjudicating disputes that arise between the federal government and governments of the regions and governorates. as provided for in Article 94 of the Constitution that the Federal Court decisions High binding for all authorities, and formed a court formally under Law No. 3 of 2005. The Federal Court decision to cancel the open meeting and to commit the Interim Chairman of the Parliament of the resumption of parliamentary sessions during the two weeks to confirm, according to observers, the importance of reaching the political blocs to an agreement on forming a government and choose the three presidencies. in those Meanwhile, back on the National Alliance, a coalition of state law, Abbas al-Bayati, the Federal Court decision to end the open meeting of the House of Representatives «binding on all parties and enforceable». Al-Bayati said in a statement carried by news agency Nina that «the Federal Court decision can not be politicized, because it is a decision the highest judicial authority in the country, nor can it survive a constitutional institution task such as the House of Representatives are disabled during this period». He also expressed MP Mohammed Saadoun Chihod was surprised at the attempts by some politicians who he said were: «trying to politicize the Federal Court decision of ending the open meeting of the House of Representatives». He said Chihod in a press statement: «the claim to resume meetings of the Parliament was one of the priorities of a coalition of state law has been called on several occasions to the need to end the open meeting, and did well to Federal Court by responding to a lawsuit filed by civil society organizations and called for an end to the open meeting». In turn, explained the legal expert Tareq Harb that «the President of the Age of Parliament Fuad Masum may select more than one date for a meeting of Deputies in the absence of a quorum during the period specified by the Federal Court». He was the head of the Iraqi Accordance former president of the parliament Iyad al-Samarrai was revealed yesterday, about that infallible told him by telephone of his wish to call for the meeting next Tuesday. He said the war in a statement carried by the agency (Voices of Iraq) that «any meeting of the parliament, requiring a quorum is achieved constitutional, a majority of the members, which must be the presence of 163 members, at least for the Opening of the meeting », indicating that the President of the current parliament« must be confirmed at the beginning of the session as «still open, and did not mention it means a second hearing, and the second session may not be elected by the House Speaker and two deputies because the election must be at the first meeting». In part is connected, announced the Federal Supreme Court that its decision on the cancellation of the parliamentary session open and give a deadline of two weeks to hold a new session of parliament is not subject to discrimination or appeal. According to a statement of the Federal Court yesterday, said that «the Federal Court decision is applicable from the date of issue». Middle of this picture, ruled out the deputies of the different masses of the parliament sessions in case no agreement on a package distribution governing positions, but was told deputies from the coalition and Iraqi forces and the Kurdistan Alliance, the difficulty of resuming the open meeting with the survival of the current crisis, stressing's »Sabah» They look to the meeting Irbil as an important opportunity for agreement between the blocks for the convening of parliament. http://translate.google.com/translate?hl=en&sl=ar&u=http://www.alsabaah.com/&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dwww.alsabaah.com%26hl%3Den%26client%3 Dmozilla%26rls%3Dorg.mozilla:en-US:unofficial Reply With Quote --------------------------------------------------------------------------------

Great Info, Thanks Janine

That was great!!!!! GO RVVVVVV!!!!!!! janine

Can't wait to sing that song!

Thanks for the Laugh!!! janine

US Treasury Secretary Timothy Geithner said he would push his G20 counterparts to "rebalance" the global economy away from US consumption, and push "fair" currency rules. Read more: I LIKE THE WAY THIS ARTICLE READS!!! GOOOORVVVVVV!!!!!!!!!! JANINE