joanwilder

From a friend, All of the decimation started long before USA went in. Iraq has fought this Islamic war between sect/ countries Iran, Kuwait and maybe USA should have stepped in long ago... Iraq has murdered each other, desecrated the women, Saddam created mass graves all throughout Iraq long before the US stepped in to try to save the world from their mess. This was not started by the US Iraq has been killing raping and plundering all through the 70's -80's and 90's. This is time you all got a grip and realized the great US is not what caused Iraq's HAVOC they were already doing it to them selves now USA stepped in yes a lot of rebuilding and regrouping has to be done but if the US had not stepped in they would be terrorizing us here in Iraq and the rest of the world. Thank you USA for taking a stand against the evil tyrants of Islam, thank you for giving the Iraqi women a chance to be heard without so much fear and now given us the respect we deserve. Now the peaceful Islamic groups can celebrate a new future and look forward to rebuilding. Come help us rebuild I promise We are much better for it. You are looking at this upside down from this view of this video. Spend your hard earned money here we need you and don't forget it........your friend, VIzza Sature

I don't know a lot about the truth of the Iraqi dinar or its gov. but one thing I do know is that the promise of God cannot fail and He is truth. Hold on folks God is alive and He is moving take a deep breath and know He is in control.

NOT MINE but I like this intrepretation on the subbject..... carried over Jp Outhouse A Shared Thought that shouldn't be overlooked as well... A Having read the Paris Club pdf, forwards and backwards….. I can shed a bit of light on this. It is important to understand 1st, why this is important. Iraq has been under a Grade C Credit Rating, which is why the money has not been recognized, as of yet. In order to be recognized..., that rating must be increased. That is what I believe is happening now, and why it is critical, that Chap 7 Economic Sanctions per UNSC Resolutions, 687, 661 and 707 were lifted, as of Dec. 15, 2010. OK, so why didn’t it RV, yet? The Credit Rating with World Bank, IMF, BIS and the US. It is as simple as that. Understand, that the Paris Club is a 19 member group of Official Creditors, who are also members of WB and the IMF. Look at the Paris Club agreements like this…… It works similar to a Chapter 11 Bankruptcy. The Paris Club Debt Total was about $42 Billion US. Total outstanding debts (including Paris Club) was about $132 Billion. There were 3 stages of debt reduction, from 2003 – 2005, 2006 and 2008. During that time, additional reductions have been ongoing, for Non-Members and corporations, that amounted to about $90 Billion (est.) Much of that has been forgiven. The $7.8 Billion just forgiven, was most of the remaining of the 19 Official Creditors, of Paris Club, but does not include the Non Paris Club debt. It has been 7 years, and this is a form of Jubilee, with the Official 19, meaning the 7 year Statute of Limitations, recognized in many nations, including US and many world courts. What that means, in legal terms, is the Statute has run, as of the end of the year, 2010. {Now….. this is some theory on my part, but based on looking at the documents, I think it is at least partly correct, in principal. The point being, this has more to do with credit rating, than anything else.} There is a payment and debt servicing plan, that is set up, with a 1 year, grace period, that begins, July 2011, with annual installments, at adjustable interest rates, factored with the prices of oil, against the US Dollar, and final payment, in the year 2037, ending 3038. The remaining balance, as of the year 2011, was estimated at $92 Billion, but it is already known, that negotiations, with Non Members, such as Saudi Arabia, Kuwait and others, has also been reduced, by negotiations. The actual amounts remaining, are in question, because Russia, Romania and others, are not factored into the model….. only estimates…. and much of that money is still in negotiation. Now…. I come back to 2 main questions. 1. How does this affect the International Credit Rating of Iraq? 2. How would it affect the RV? Answers: 1. The Credit Rating of Iraq, should be upgraded, as of this year, just as yours or mine would after 7 years, in Chap 13 or 7 Bankruptcy. 2. The affect on the RV would be in 2 parts, to this question: Part 1: The outstanding Balances of the plan, is less than the last year’s GDP, and the projections of the GDP are expected to increase, dramatically, so the debt to ratio, for Iraq, should have a very positive effect, on the actual World Credit Rating. Part 2: The ability of Iraq to repay the remaining negotiated balances, should be a no brainer…. because the vast oil reserves, projected Foreign Reserves and account balances, huge sums of wealth, withheld in trust accounts, projected non liquid assets, non convertible currencies, non mint precious metals, previously blocked accounts and frozen assets, etc. etc., ( These amounts are vast, in comparison to the remaining outstanding debts.) So….. my final estimation is simple. Iraq is simply waiting for a 2011 Budget and the final reports from 2010, before the Official Creditors and World Banks, upgrade the credit rating and IMF upgrades the Article XIV status, to Article VIII compliance. The RV is 100% dependent on the World Recognition and Credit Rating. That is what we are waiting for. So…. there ya have it. Now I ask….. is it done? Not until the Budget is final and the 2010 reports are submitted to the IMF, per the SBA and Article XIV provisions. and maybe the GOI fully seated as Shabbi has stated How long does that take? I think, with this new government, it will happen really, really, fast….. by comparison to the last, do nothing Parliament …… especially, I am hopeful with the replacement of certain Ministry positions. This is why I personally choose not to get wrapped up in all the hoopla, with rumors and so called intel. even though I seek truth. If I were to give an ETA……. I would say….. give it a week or 2 and let’s see how the Parliament does, getting the Budget together. It is not that the RV is in the Budget…… but that the Credit Rating depends on the passage of it and those end of year accounting audits and 2010 Statements. Want RV????????? Think Credit Rating. The RV is 100% dependent on that rating. Credit does not change, just because a country decides to set a new value on currency…. it does not work that way. In order to increase the value….. it must first HAVE VALUE. Without the Credit Rating to be recognized….. it basically has NO VALUE, as far as being convertible, by world banking standards. That rating cannot be changed , just by revaluing. The reverse is true. The Revaluation comes from the Rating First….. then the Value will be adjusted. I know…. that is not what many wanted to hear, but I am interested in the truth…. not hoopla….. as much as I would love to see an RV at $3.42, today……. It will happen, in divine order. I would not be invested, if I did not believe that is true. It WILL HAPPEN…. and in my estimation, very soon.See More

You can count me in I believe in prayer! I believe God is in control! I don't want to push my beliefs on you and I'm not going to preach. I just know where my strength comes from. I don't want to live one day without HIM and I will shout it from the mountain tops. YOU BELIEVE WHAT YOU WANT I'M STILL PRAYING. JUNE 21ST AND EVERY OTHER DAY OF THE WEEK.

Scooter, I have grown to respect the intelligence and the level headed approach you have maintained all through your post. It is a shame you have to discontinue and I will miss looking for the ideas and Intel you shared. I respect your opinions and will continue to pray for you. Go Rv soon...

Does anyone know what countries are up for RV? We have Vietnamese Dong but what are some of the other countries about do the same And where can I find more information about this? Thanks in advance for the info. God bless us all

I'm so addicted too

You don't have a clue it was Einstein that said on his death bed when there is nothing left to do try God. Really trying God is first in the Christians point. If you haven't tried God don't knock it. Be nice... we know good things come to those who wait. and wait, Love ya brother even if we disagree

They told me I would have to show an itinerary and reservations, tickets etc.

I went to my 5TH 3RD Bank in Knoxville Tn today and was told I can no longer purchase dinar or any other currency unless I show and prove I will be going to that country in the near future. They said this is the new policy for all the currency exchanges that they will be doing. They are the most reasonable place to purchase circulated dinar that I have found in this area. I was so disappointed and it crazy. Anyone else having this issue?

Where 2 or 3 agree together the Lord will meet us there. I love this thread its been a blessing to see other believers stepping up and putting this into perspective. Its all about you Lord now what can I do for you. We are not in the same places but God is omnipresent He is everywhere and this binds us together.

This is the key!!!! So many times when I've needed answers to life's most difficult question and struggles A day of Fasting and Prayer would bring the answers. If you are a believer regardless of how close you are to God This will bring answers and the answers may not come just as we ask but there will be an understanding for what you need. Ultimately Gods blessings are the answer so God bless the Iraqi people get them strength and peace and bless this country financially. I stand on the promise You God cannot fail. We are your children let us be a blessing to others and may You reign as the Sovereign God you are number one! God bless the Dinar just as you blessed multitude on that mountain side and broke the few loaves of bread and fish, fed your multitude of people and at the end of the day there were 12 baskets full of leftovers. Lord you are the answer! I pledge my life to you! God bless us all.

I'm keeping my eye on the prize. It will happen soon.

Things are really getting interesting! Don't take your eyes off the prize. Keep Romancing the Stone.

This is such an important point reaching to help others is a real priority for me and my household. Being a positive change to a lost and hurting world is what this should be all about.