ArtistsandWriters

Bully! Bully!, The Euro, Japan, UK and the US are what are known the four SDR's, or Special Drawing Rights partners, who actually rule the IMF and call the shots—and will eventually pull the trigger on the RV of the New Iraqi Dinar, if at all. Their conspicuous absence from that day's exchange listings means nothing at all.

Truf, Yes, this Site has always been plagued by these caricatured "gurus" of one sort or another; e.g. "possum", etc. ad nauseam. Remember all those "no money down", real estate "gurus" from the 80's and 90's? They are all now either dead broke or in prison. Bill G.

Rider460: Granted, if a new dictator arrives on the scene, whatever the IMF has to say will have no clout whatsoever; but, so long as there is a Maliki or his kind, and completely dependent upon the West, whatever the IMF says, goes.

Ryves, I contacted you privately on this request. Thanks, Bill G.

DinarDana: That really is the unfortunate thing about this whole terrible business. History has shown that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain control over governments by controlling the money supply and its issuance. The money powers prey upon the several nations of the world in times of peace and conspire against them in times of adversity. They denounce as public enemies all who question their methods or throw light upon their crimes. Yes, BLOOD—lots of it.

Pudge, As I said, it's my passion.

Pudge, In addition to being a currency trader, which I have done off and on for about thirty years, now, I am also a monetary realist. Monetary realism and its tumultuous history has been so much a passion of mine that I am now in the seventh and final draft of my 196-page treatise on it titled, Is it Live or is it Moneyrex? The one thing of which you can rest assured is that I know precisely what I am talking about and that I have probably forgotten more about this particular subject matter than most bankers think they know. When Andrew Jackson exterminated the Second Bank of the United States in 1836, he said the following to its bankers: “You are a den of vipers, all of you! I intend to rout you out, and, by the Eternal God in Heaven, I will rout you out! If the people only understood the rank injustice of our money and banking system, there would be revolution before morning”. Immediately afterwards, the Bank of England “threw out” all the security, bonds and other financial paper based in the United States, precipitating the Panic of 1837—our very first. It was from then on, and precisely because of continued government meddling, that America suffered the throes of a series of panics ending with the very last Panic of 1907. Six years later, the so-called “Federal Reserve” was created, and sixteen years after that, America was hit with the worst “panic” of all: the Great Depression. I am all-too painfully aware of the infrastructure of the Federal Reserve. The “Federal” Reserve is actually a private corporation (not federal), representing the globe’s highest order of organized misconduct. Creators of credit needed for world wars, foreign “police actions”, and financiers of world socialism, they are quasi-government counterfeiters who “reserve” the right to plunder us with worthless paper, credit and perpetual debt. Subsequently, they quietly transferred almost all your gold and mine from its rightful resting place at Fort Knox, Kentucky to the Federal Reserve Gold Depository at 33 Liberty Street, New York, New York. It is the Third Bank of the United States, the first two of which were exterminated by prudent wisdom in the nineteenth century. “The Creature from Jekyll Island”, as you seem to call it, became an unconstitutional reality (Article I, Section VIII, paragraphs 5&6) on the evening of December 23, 1913. To Thomas Woodrow Wilson’s everlasting credit, he, at first, gallantly stood up to the Money Trust and positively refused to endorse the Federal Reserve Act. He knew that it was unconstitutional and just plain wrong. Shortly afterwards, however, Bernard M. Baruch—America’s most infamous, powerful and vicious corporate gangster at the time—angrily stormed into Wilson’s workplace, physically grabbed the President by the nape of his neck, slammed his face down onto his very own desktop in the Executive Office, and then terrorized him into signing it into law. This is precisely how things really went down that day—literally. After all, it was almost Christmas Eve, so Baruch just figured he’d give Wilson an early present. This wasn’t in my US history book, either. We were as scary a country then as we are now; the people just didn’t know it. Wilson remorsefully reflected before he finally died eleven years later in 1924, “I have unwittingly ruined my country”. You need to read up a bit more before even thinking about launching into guys like me.

FreckledFuzz: Now THAT was a useful response. I had completely forgotten that fifteen years ago, even the then-seven to- nine Special Drawing Rights Partners of the IMF had "determined" that it was too much for just them and them alone, and that what they did, in effect, was to create a new World Central Bank with one uni-currency. Andrew Jackson understood full-well the dangers of a centralized bank, which is why he refused to renew the Charter for the Second Bank of the United States in 1836. We were fat, happy, and free until December 1913, when the Federal Reserve chose to darken our doorways. That Second Bank building of 1836, however, still stands today in Philadelphia—and as an abandoned derelict. The so-called "Federal Reserve", which isn't federal at all and its only reserve is its privilege to plunder from you and me, was bad enough, but this WOCU frightens me. "Put me in control of the world's money supply and I care not who makes the laws", said Mayer Amschel Rothschild—and just before he availed himself of his Great Reward in 1812. His forecasted aphorism of 200 years ago is now coming to pass. As a currency trader on the side, I could always rely on one scandal or another when the world's top, manipulating little currency gnomes would be caught shifting the shell game. Long as the bad guys were in competition with one another, I could always go to the bad guy who was on top. I know this sounds to be a bit cynical, but I'd rather deal with twelve gangs in the same city than one mega-gang with the ultimate power of life and death over the entire state. If the WOCU gets its way, it will make what just happened in Greece and Oakland look like days at the beach. I'm glad I'm in the mountains.

Does anyone believe at all that the Special Drawing Rights Partners of the International Monetary Fund in Washington, DC will ultimately determine if and when the revaluation of the New Iraqi Dinar will transpire? I would have thought that this may have piqued a bit more interest than it has from yesterday's creation of this particular thread, because I am absolutely convinved that this is how it will go down, notwithstanding any of the IMF's future denials to the contrary. They do a lot of that, you know. Anyone?

IchDien: You've hit on it. The only way that the new IQD could revalue without that sprinkle of holy water from the IMF would be for another Saddam to show up in the Euphrates Valley and arbitrarily set the exchange rate. The very last exchange rate before Gulf War II was $3.00/IQD1.00. Kimberlye: The Gnomes of Washington couldn't care less what happens to our troops or why. War is good business for them, because they are, in effect, the banking financiers of America's seemingly-endless war footing. War is a by-product of the arts of peace and we will continue to prosecute war until it no longer remains profitable. The most menacing political condition is a period of international amity for it merely lays the foundation for the next war for the banksters to benefit. War is the means whereby non-productive consumers are eliminated (along with a few productive ones, as well, but who’s counting?); and a means of getting the people to transfer more of their individual power to those scoundrels, scalawags and skullduggery artists in Washington—the same guys who just so happen to be in our lawful employ. Peace in international affairs (sic), on the other hand, is simply a period of committing adultery between two opposing periods of neighborhood violence—the bane of all the world’s banksters, as this is the one time that independent nations are least in need of their “services”. The best-kept secret in town is that the IMF has already determined when they will acquiesce to an RV or not. The UN (United Nitwits) and their red-herring, Chapter VII sanctions against Baghdad are just an annoyance to draw our attention away from what is really happeneing down south in the District, instead. This decision was already made ages ago.

For ages, now, I have been trying to gently and diplomatically advise everyone not to look to Baghdad for the RV triggers, but, rather, to Washington—specifically, the International Monetary Fund (IMF) and its Special Drawing Rights Partners (only four left, now); i.e., the American dollar, the British pound Sterling, the Japanese yen, and the Continetal euro. Most of us simply do not realize how powerful these guys really are. If the IMF is the Creature of Bretton Woods, then the SDRP’s are the Creatures of the IMF. Since 1969, they have called the shots, because virtually all of the world’s currencies of the industrialized nations north of the equator are indexed to the (now) dollar-pound-yen-euro consortium. When the conditions have presented themselves such that the IMF is willing to act favorably upon them, then, and only then, will they pull the trigger on the revaluation of the IQD. Even the euro syndicate cannot act alone, for example, on the recent Greek bailout. Stocks pared gains and the Nasdaq Composite hit a session low in afternoon trading today after a source said the European Union and International Monetary Fund will NOT release an 8 billion euro payment to Greece until after its planned referendum. Adding to market uncertainty, the U.S. Federal Reserve cut its forecast for economic growth, even as it earlier kept monetary policy steady. This all happened because of what the IMF said and did—and nothing else. Another way of looking at it is trying to get a rezoning for a building permit without the blessings of the fire department. The fire guys have the last word. The guys and gals of the IMF are the “fire guys” of the world's currencies.

Possum, So, the Iraqi dinar is going to RV this week at $1.26, eh? Well, it has also just been confirmed by my ersatz other "reliable resources" out there that my gerbil's going to cough up the Hope Diamond, too. You really shouldn't toy with others' emotions this way; it is patently reprehensible. I am not "bashing" at all, just being a bit realistic. You understand. A&W

Inmemoryofrob: There is a side to the question we have yet to consider. How can the IMF tender an ultimatum to the CBI when they are the penultimate controlling factor in terms of the Programmed Exchange Rates vis-

Tampa1000: This is a most disheartening trend out of Manhattan; i.e., if true. Now, and how does Forex come up with this figure and the CBI does not, as of Announcement #1620, holding the fort, still, at IQD1170.00? Something is more than a little awry, here. Any explanations, anyone?

Retep2010: Well, a revaluation of $0.23 and in light of the dinar's estimable value relative to the clear majority of the Gulf currencies is certainly plausible; however, I really don't know how much stock and trade that I would give to any Intel from, virtually, the proprietor of the Lucky Star Bazaar in Baghdad. Sometimes, reliable information comes from the most unlikely sources. Let's all hope that when this new administration finally settles in that they give an ultimatum to the UN to either repeal the idiotic Chapter VII sanctions or Iraq will simply throw them off and ignore them.

Thanks, Mauser. I have a Mauser, too—in fact, two of them. Regardless of who prevails when the ballots are finally counted and the election results are certified by March 30th next, and in the event of a reasonable revaluation, and if the armed forces of these United States won't spring for your airfare home afterward, I'll buy your ticket for you; in fact, we all will. Regards...

Cgbrown: Nada, so far. To quote Herman's Hermits, "Second verse, same as the first"

Jlpeek: This is actually useful. Oftentimes, people neglect to make use of historical precedent

Shannybelle27: All very well and good; however, if there is be a "rehab-in-the-pool" solution, it will not be paid for by your current inventory of allegedly-ensuing, revalued Iraqi dinars any time soon. We're on our own.

The IMF here in America will be the first to actually know, because they will be the first to pull the monetary policy trigger in terms of both the four Special Drawing Rights partners and their concerted authority to adjust the Programmed Exchange Rate with the CBI. They will privately inform the Iraqi Finance Ministry, the Finance Ministry will advise the CBI, and then the both of them will, in turn, advise the Prime Minister. The following day, Maliki will publicly announce any and all changes affecting the Iraqi dinar. Remember, don't look to Baghdad first, look to Washington.

Whatever you do, do not rely on any rulings by that largely-impotent United Nitwits. Look to Washington, instead; specifically, any rulings by the IMF. They're the ones calling the shots—and not some overpriced, Bauhaus School of Design office building on the East River. Ignore the UN—they're useless, as they are worthless.

Jbharley: Thanks for the moral support; I almost believe that I am in my own self-created, cyber-wildnerness out there sometimes. What we all must do is to self-educate ourselves to the realities of how the M1 world monetary systems actually operate. Were it solely up to both the Finance Ministry and the CBI, there would have been effected a substantive RV not too long after Saddam Hussein availed himself of the long-drop. It was not. Other forces out there, and far beyond the pale of Iraq's singular influence, are the puppet masters. The individuals comprising the Iraqi government are merely the jumping jacks—the IMF calling the tune and then giving them permission to dance. Our joint and several American investors have yet to come to grips with this rather sobering truth of the matter, but, and of necessity, we must. We must begin THINKING correctly if we are going to weather this emotional storm; we must begin thinking out of the snake charmer's basket. Look no longer to Baghdad, but to Washington. Whatever pronouncements made by Maliki on any given Wednesday about an RV will have been determined the Tuesday before by the IMF's own Board of Governors. Of this much you can rest assured.

Hi, Nikkibomber, I had a little trouble with my ISP last night, but fixed it. Okay, here's No. 2 and now for the "Gnomes of Zurich" side to this question. First, the Swiss boys and girls are far too smart to involve themselves with the rest of the world's currency participants, here. I only call them the "Gnomes", because of both their mysterious nature and their singular erudition above Thomas Hardy's Madding Crowd. First, go into Wikipedia and look up both "Bretton Woods Conference of 1944" and "International Monetary Fund". As a direct result of this wartime conference in New Hampshire and the creatures it created; i.e., the World Bank, the International Monetary Fund, and the IBRD (International Bank for Reconstruction and Development), the World Bank's "soft-loan window", and of which the governance of all major currencies north of the Equator is brought to bear. Twenty-five years later in 1969, the geometric growth of the world's nations and their new currencies caused the IMF to hold a special meeting of the industrialized countries' major players. What they decided upon at the Rio de Janeiro conference was to create a separate class of the most important, developed nations' currencies and give them what were known as "Special Drawing Rights". This, in turn, evolved into having the more minor nations' currencies, indexing their values to the SDR partners vis-

Hi, Nikkibomber, There are a number of my somewhat detailed, past posts on this particular Forum, which you can peruse at your leisure at a later date. I will attempt to encapsulate them for you below. The mechanisms attendant upon the revaluation of the currency will be effected in two different venues: internally in Iraq and externally via the world currency exchanges and their minions. Internally, Iraq must do three things: 1) Engage in what are known as "open-market operations" to artificially dry up the physical money supply of notes currently in circulation. This can be accomplished, initially, through that much-touted "LOP", and then, afterward, through a mandatory recall of notes within their domestic banking network. Remember, when there are too many notes chasing too few assets, and coupled with largely undeveloped natural resources, you have what is known as "stagflation". 2) Increase what are known as the "discount rates" to the current, 13 member banks. Discount rates are those rates of interest that the CBI (Central Bank of Iraq) imposes upon its approved members when loaning them money. Yes, banks have to "borrow", too, in order to function properly. 3) Something they have already done of late: the increasing of what are known as the "liquidity reserve ratios" of each and every member bank branch. What this means is that if a bank branch reports, for example, 100 million dinars of assets for a particular quarter, that 20-25% of those assets must be represented by cash-on-hand in the vault and not to be touched at all until and unless both the Finance Ministry and the CBI give the go-ahead. I know this all seems deliberately convoluted and confusing by design, but I hope this begins to both address and to answer your question. The truly-governing, external factor, here, I will provide to you in a separate post.

Chief V: First, thank you for your useful, sober and intelligent post. Second, I have always maintained that we'll have nothing of any substantive value until after the final ballot tally has been certified. Moreover, and in the real world of monetary realism in today's climate, a number of trigger mechanisms have to be pulled before we will ever see anything in the way of a revaluation of the Iraqi dinar. People seem to overlook this. Cooler heads not only prevail, they rule the world. Cooler heads, and far, far removed from the Tigris-Euphrates Valley, are calling the shots, here. When they grunt "yes", then we'll see something