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GaryB

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  1. IMF Article 14 allows them to handle currency differently and inconsistently. Article 8 (when they are intl accepted) forces them to treat all outstanding currency the same. So they can RD while under Article 14 and then move to Article 8 and then treat all face value outstanding currency the same. They are following IMF guidelines.
  2. Hey Sonny1- I have a question for you. Is it alright to message you some how? Please let me know. Thank you.
  3. Psyche, I appreciate the article and info but I dont think I agree with the perspective you are giving. Countries are forgiving Iraq's debt, left and right, and because of Saddam, sanctions, wars, and high unemployment...there is no private savings left. So this situation appears to be different than Germany. Why then do you believe, Shabbs will implement a similar plan for different circumstances? Thankyou for your insight.
  4. WAS WONDERING THE SAME.
  5. If you believe in the LOP but also believe in the rise of the lower denoms than go buy lower denoms so you can hold them and ride them up. Thats your insurance policy against a LOP...if that is what you believe. This LOP conversation has been beaten to death and the fear has risen again. Its no big deal either way. Buy the small denoms now to protect yourself if you truly believe in the future of the currency. If you dont, then do just what Nani is stating because otherwise this makes no sense and is just an insane discussion.
  6. This site is filled with many opinions...that is for sure. All are great in theory. It will go down the way it was intended on the timescale that makes the most sense for their country and the world (since everything is intertwined and they are locked up in Chapter 7 prison and have owed the IMF and other countries major cash and because many many countries have offered debt relief -for some strange reason. In other words IRAQ is on the hook to many countries and entities to get it done right and in the way they desire it.) Glad the plan is being executed by geniuses like Shabs is all i can say!
  7. Its amazing they are able to do this type of thing without the direction behind a security minister.
  8. Thanks for keeping this one straight.
  9. For inquiring minds---not THAT Gary B.
  10. Saudi is also a closed society, not an open for business/ capitalist type society. Iraq will far surpass Saudi in GDP over the coming yrs.
  11. You are panicking. Your gonna have a heart attack. Calm down. deep breath. All will be OK. My goodness man. Things are progressing in that country very nicely and positively. They cannot stay at 1170 forever...for so many reasons. Just chill. If this was going to go another few years and Ali is turning hundreds of thousands or millions per month in profit...why would he walk away from that? The US Treasury was with him for his annual audit over a month ago. If he was scamming everyone, they would have shut him down....YEARS AGO. His operations are still open. Call them. They are there. He is walking away from his selling profits for a reason. Maybe it is primarily because he is in danger. I wouldnt doubt it with who is connected to all of this. But he may also want to cash in his remainder of his last purchase for his family's benefit as well. Anyway, calm down. This is not a scam and you are going to have health problems if you keep this sort of thinking and acting up!
  12. I'm thinking the banks have now stocked up on LOWER DENOMS to get ready!
  13. I agree this is huge and a great positive indicator. I have heard before folks talking about UAE and other countries investments into Iraq would total about $500 billion and would be announced to the world at the summit. Foreign capital flows to where it can make a healthy return. That is FACT. My only issue with this article is the date. January 2010. Maybe just another indicator of prematurity and delays? Many say this was suppossed to have been done already. Maybe that is a fact?
  14. :lol: How is your statement even possible if Jesus' adult disciples (Peter, Paul, John, etc etc) wrote most of the New Testament? You all are hysterical. :lol: It is quite obvious from reading this post you DO NOT know the bible... but interestingly you try to use it as evidence to make your case against the reality of God. This whole thing is quite pathetic. You are not going to shame anyone into giving up their beliefs nor are you going to "win" anyone to your belief system with your empty and sad rhetoric. Randomness is so lonely and final. Sorry you feel the way you do. But why did you bother engaging here? Certaintly to throw a stone at the person who posted! That was obvious. But you could have walked away in whatever disagreement you had yet you did not. This is very telling. The squeeky wheel gets the oil and you are certaintly getting your 10 minutes. If its attention you required, why not just say so.
  15. Remember that would be almost 8 MBPD of STORAGE capacity (not distributed) on their way to an eventual planned 50.
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