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awish30
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Posts posted by awish30
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Hi all. I'M a tax deed investor in Austin Texas, but I invest all over the state.. Is anyone else investing in and around the Texas area? If so, lets talk shop.. I'm interested in talking to like minded folks..
Hello Hitman, I currently live in Georgia but work in Afghanistan and have been researching this for some time. It is my next investment goal and I would be very interested to hear your thoughts being that you seem to have knowledge about this. Actually Texas and Georgia were the top to states I am focusing on. Thanks for any advice you might have.
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:lol: :lol: :lol:
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Too Funny
:D :lol:-
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This is the quote from his speech, not to mention I heard it with my own two ears. Very excited. Go RV
Look to Iraq, where nearly 100,000 of our brave men and women have left with their heads held high; where American combat patrols have ended; violence has come down; and a new government has been formed. This year, our civilians will forge a lasting partnership with the Iraqi people, while we finish the job of bringing our troops out of Iraq. America's commitment has been kept; the Iraq War is coming to an end.
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They are making progress. Once they put it on the gazette then the rv should follow if that is what has been mentioned in the past.
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http://articlesofinterest-kelley.blogspot.com/2010/12/december-30-2010-imf-sdr-rate-revision.html
Tuesday, December 28, 2010
DECEMBER 30, 2010 ~ IMF SDR RATE REVISION ~ JANUARY 1, 2011 ~ NEW RATE TAKES EFFECT AND ON JANUARY 10th NEW SDR BASKET INTEREST RATE TAKES EFFECT
Bumped ~ snip ~
The first SDR exchange rate using the new basket will be posted on January 3, 2011. and ...
The first SDR interest rate based on the new basket will be calculated and announced on January 7, 2011, and will be effective during the week of January 10–14, 2011
Will Iraq make a change before January 1, 2011 or will they wait along with the rest of the world? As Phoenix always says, the situation with Iraq is a novel event ~ Link ~ Message from Phoenix ~ A novel solution to a novel situation ...
SDR Basket Rate
The amounts of each of the four currencies to be included in the new SDR valuation basket will be calculated on December 30, 2010 in accordance with the new weights, and will go into effect on January 1, 2011.
The calculation will be made on the basis of the average exchange rates for these currencies over the three months ending on that date in such a manner as to ensure that the value of the SDR will be the same on December 30, 2010 under both the revised valuation and present valuation baskets.
SDR Interest Rate
The IMF also reviewed the method for determining the SDR interest rate and decided to continue to set the weekly interest rate on the basis of a weighted average of interest rates on short-term instruments in the markets of the currencies included in the SDR valuation basket. The interest rate on the three-month Treasury bills of the United States, United Kingdom, and Japan, and the three-month Eurepo rate will continue to serve as the representative interest rates for the U.S. dollar, pound sterling, Japanese yen, and euro, respectively.
A press release providing the final currency amounts in the new SDR valuation basket to take effect on January 1, 2011 will be issued by the IMF on December 30, 2010.
The first SDR exchange rate using the new basket will be posted on January 3, 2011.
The first SDR interest rate based on the new basket will be calculated and announced on January 7, 2011, and will be effective during the week of January 10–14, 2011.
Further information on the SDR can be found on the IMF's website (http://www.imf.org/external/fin.htm).
As a service to the users of SDRs, the Fund will project the currency amounts in the revised basket beginning December 8, 2010, and update these projections every week for the remainder of the year and post them on the IMF's website (www.imf.org).
As the currency amounts will be based on a three-month average of exchange rates, these projections will tend to iterate toward the final effective amounts, thereby keeping users informed of the likely final currency amounts in the new basket that takes effect on January 1, 2011
http://www.imf.org/external/np/sec/pr/2010/pr10434.htm
Iraq's 2011 Budget Holds the Key ... Still Waiting ... Posted by Kel at 12/28/2010 08:34:00 PM
Labels: IMF SDRs [/quote
Great find hope this is it.
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Get well soon Linda55. Take your time and get your rest. Me and my family will keep you in our prayers.
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Sorry for your loss Viper51. You and your family are in our prayers.
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* The Governor of Central Bank: Shabibbi Says Raise the Value of the Dinar
December 19th, 2010 08:26 pm · Posted in NEWS
Iraqi Media Network
Said Dr. Shabibi central bank governor that this year’s budget an investment budget because it focused on the size of the investment Ziada.
Shabibi said that the role of the central bank is to address the imbalance that would result from the development process that will result from changes in economic structure are basic.
He pointed out that the central bank is to achieve development in a stable monetary environment through attention to all means and policies to achieve economic stability and moderation in the environment and the normal rate of inflation moderate.
He continued: our budget relating to the conservation of its resources, is done by combating inflation. Stressing that the bank had several measures including raising the dinar exchange rate.
He pointed out that the impact of this action on the budget through the impact on the purchasing power of government, will increase by addressing inflation.
Shabibi said: that this policy will increase the confidence in dinars, which will pull some of the money to the banking sector and the rationalization of government spending because of its impact on inflation.
He indicated that this action will lead to a reduction in prices of import goods such as private sector imports and the import of the government’s development that comes from converting the Iraqi dinar to the dollar.
He added that this policy at the time weakens the government’s ability to buy the dinar, it strengthens Aldenarabraghi which is owned by the government. He pointed out that the bank wants and means to affect the economic and monetary policy by making the dinar valuable and powerful.
link
Mods if this has been posted already then remove.... thanx
This is good news RV here we go.
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I was searching conversion rates and stumbled on this one... I am perplexed as I convert IQD into USD you try it and see if anyone has any info please respond.
Something is truely happening, let us keep our fingers crossed.
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This is why most people who land this investment will lose it all within the first few years. Did you know that one of the self proclaimed guru's here claims to be in the oil industry for over 15 years. In time we've come to learn that he has been pumping gas at a local gas station for 15 years, So what he said was true! Maybe if your lucky he will be the one to advise on your new found millions! Until that time maybe you should reflect on what you have just done and the people you are placing your trust in. If you want some real fun you should read the rumor section and make decisions based on what is posted.
We come here on the forum each day and learn alot of ways to protect our wealth. With all we have learnt, I am sure we will be smart to put our monies in the correct places to take care of us. There is a tremendous wealth of information here on this forum.
From the FDIC Web site
read the part in red
Z
FDIC Deposit Insurance Coverage Limits 1
by account ownership category
Single Accounts owned by one person $ 250,000 per owner
Joint Accounts owned by two or more persons $ 250,000 per co-owner
Certain Retirement Accounts includes IRAs $ 250,000 per owner
Revocable Trust Accounts $ 250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements)
Corporation, Partnership and Unincorporated Association Accounts $ 250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts $ 250,000 for the non-contingent, ascertainable interest of each beneficiary
Employee Benefit Plan Accounts $ 250,000 for the non-contingent, ascertainable interest of each plan participant
Government Accounts $ 250,000 per official custodian
To calculate your deposit insurance coverage
Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.
For questions about FDIC coverage limits and requirements
Visit www.FDIC.gov/deposit/deposits, call toll-free 1-877-ASK-FDIC, or ask a representative at your bank.
Beginning December 31, 2010 through December 31, 2012, deposits held in noninterest-bearing transaction accounts will be fully insured, regardless of the amount in the account, at all FDIC-insured institutions.
Just opened a BB&T account today and that is exactly what they told me.
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Scooter popped into the chatroom last night as let us know he is SICK! What have we done to the poor boy? Please help me wish him well for we can't help but be somewhat responsible!!
Hope you get well soon. We miss your input.
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NO KIDDING, ARE YOU SERIOUS [/size]
I have always seen you say that no RV without the GOI, so now that it is in place, isn't the RV coming? Maybe I am missing something.
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Security Council Media Stakeout: Iraq (President of the Security Council)
November 10, 2010
Press Statement on the situation in Iraq.
Informal comments to the media by H.E. Sir Mark Lyall Grant, Permanent Representative of the United Kingdom and President of the Security Council.
Running time: 00:04:14
Language(s) available:
English:
Thanks Steve
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teamates..please Ed is a fraud.. don't believe him...very sorry to type this... but he is a fraud!
He is not the author of the post, he is just passing information like anyone else would.
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Huh? You missed my question entirely. In the chat Okie Oil Man said just don't cash in just outside of the airport like some are advising. My question is what is wrong with cashing in at the airport locations such as Dinarbanker is suggesting? I'm not talkiing currency exchange.
From what I understood from his posted chat was that the airport is the safest place to cash in because of the security level.
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We are in for a much longer ride and when the ride is over many will be disappointed with the outcome rate.
Why don't you share with us what you. Maybe we are missing something.
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just want to say hi to everyone and im sure glad someone who cares bought me some dinars then told me whats been going on.
hopefully ill be able to get off the stamps and e.u.c. and back to a normal life
Welcome and enjoy reading all the news. There is alot of good information to educate yourself so you are going to learn alot and very quickly.
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YO,wake up!!! just because u keep hearing everybody on here saying that all the negative post are just smoke and its not really true ,doesnt mean that EVERYTHING is real smoke...this situation with iran and iraq is serious bro..iran already made it loud and clear they hate us..they want more nukes..they want more power...and they love the joy of terrorism affecting the regions...i think u really need to do your homework lil buddy...if iran gets control of iraq ( the soon to be second wealthiest country in the future) that means iran will have all the profit...which then will return into another saddam regiem and will then turn to another (WAR WITH AMERICA ) but this time it wont be tanks and troops runnig through towns takin out the bad guys...it will be weapons of mass distruction takin out everything within radious...man i have faith in mahdi and allawi...they see this is a problem and they civilians do too...so therefore i know for a fact people are goin to jump on deck with this agreement and maliki will be out the picture...he aint goin to have a job nomore lol...now since he loves iran so much thats goin to be the only place he can go to now...just pray about it yall...thats the most dangerous weapon in the world,a prayer...
T.R.I.L.L
I hear ya TRILL, and I agree 100%. This is not a good thing for the US or the rest of the world for that matter. This could have a crippling effect on the world as a whole in the long run. I am thinking on one hand this might speed the RV up before Iran can start moving in. Think about it with Iran at the controls, they would dictate who gets oil and at what price, this could destroy countries with just this alone, not to mention having control of the currency. But don't think for one minute that those 50,000 troops left behind in Iraq ( and more on stand by in Kuwait) weren't left there for the just in case senario. I still believe this investment will bear fruit very soon as all the countries that need this as much as we the individual investors cannot go on any longer. Their bills our over due just like mine.
GO RV!!!
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....uugghhh!!! It's still only thursday!!!! Is it just me or is this week dragging ????
You are right this week is dragging. Let's go rv!!!!!!!!!!!
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http://www.msnbc.msn.com/id/21134540/vp/39505622#39505622
Go RV GO GO GO!
This is good stuff
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HELLO EVERYONE
I hope everyone is having a good weekend. I send out blessing to all, and hope our dreams come true as soon as possible.
I have been reading many of the postings and questions, what has jumped out is why would i believe that our country only looks for those opportunities to profit or protect its way of life. Now remember i also served my country, and i love my constitution, serving and continuing to be an american citizen speaks for itself. I think i explained the meaning of "MONEY". Let me refresh your mind with what i previously posted
"Money is its own dictator, it manipulates for itsown benefit, money will do anything for its own profitable outcome, it has aninherit desire to create more money at any means, it will cross boundaries,break borders, create illusions and perceptions and bend truth to its ownconvenience, it will create, destroy,build up and tear down, and most of all itmakes the world go round and around "
I want you all to read this presentation that was given at the brooking institute, we all know it is one of the for-most think tanks in the world, a lot of policies come out of here, the gentleman who wrote it is a friend and a reknown author and professor.
the last two sentences, will blow you away. but please read the whole article. It will give you a better understanding of how important OIL, and MONEY are,
Now imagine if the Dinar was included into the basket of currencies that hold up the dollar value, I know that it will be included in our basket. It will not be part of the GCC basket, remember there are middle east gulf nations that are not(and don't want to be)part of the GCC. This article will prove how important the REVALUATION of the DINAR is, and what it means to us.
There is another posting coming, and it will truly open your eyes to our investment.
Please just for information, The dinar will not revalue in Iraq first, the revalue will come from BASEL, SWITZERLAND. That is the center for all MONETARY INSTRUMENTS. Does anyone remember the recent financial law BASEL III. PLEASE UNDERSTAND THERE WILL BE NO ANNOUCEMENT IN IRAQ ABOUT REVALUE, IT FIRST NEEDS TO GO THRU THE BASEL BANKING SYSTEM. I will explain in the next posting realistic information that will open your eyes to the functions of a tradable currency, and its steps to reach a true international monetary value and standing
But please read this article, remember it was written before the 2nd gulf war. look at the UNITED STATES LAST OPTION TO PROTECT THE DOLLAR, AND OUR WAY OF LIFE
Oil, Currency and the War in Iraq
By Cóilín Nunan
It will not come as news to anyone that the US dominates the world economically and militarily. But the exact mechanisms by which American hegemony has been established and maintained are perhaps less well understood than they might be. One tool used to great effect has been the dollar, but its efficacy has recently been under threat since Europe introduced the euro.
The dollar is the de facto world reserve currency: the US currency accounts for approximately two thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all world exports are denominated in dollars. In addition, all IMF loans are denominated in dollars.
But the more dollars there are circulating outside the US, or invested by foreign owners in American assets, the more the rest of the world has had to provide the US with goods and services in exchange for these dollars. The dollars cost the US next to nothing to produce, so the fact that the world uses the currency in this way means that the US is importing vast quantities of goods and services virtually for free.
Since so many foreign-owned dollars are not spent on American goods and services, the US is able to run a huge trade deficit year after year without apparently any major economic consequences. The most recently published figures, for example, show that in November of last year US imports were worth 48% more than US exports1. No other country can run such a large trade deficit with impunity. The financial media tell us the US is acting as the ‘consumer of last resort’ and the implication is that we should be thankful, but a more enlightening description of this state of affairs would be to say that it is getting a massive interest-free loan from the rest of the world.
While the US’ position may seem inviolable, one should remember that the more you have, the more you have to lose. And recently there have been signs of how, for the first time in a long time, the US may be beginning to lose.
One of the stated economic objectives, and perhaps the primary objective, when setting up the euro was to turn it into a reserve currency to challenge the dollar so that Europe too could get something for nothing.
This however would be a disaster for the US. Not only would they lose a large part of their annual subsidy of effectively free goods and services, but countries switching to euro reserves from dollar reserves would bring down the value ofthe US currency. Imports would start to cost Americans a lot more and as increasing numbers of those holding dollars began to spend them, the US would have to start paying its debts by supplying in goods and services to foreign countries, thus reducing American living standards. As countries and businesses converted their dollar assets into euro assets, the US property and stock market bubbles would, without doubt, burst. The Federal Reserve would no longer be able to print more money to reflate the bubble, as it is currently openly considering doing, because, without lots of eager foreigners prepared to mop them up, a serious inflation would result which, in turn, would make foreigners even more reluctant to hold the US currency and thus heighten the crisis.
There is though one major obstacle to this happening: oil. Oil is not just by far the most important commodity traded internationally, it is the lifeblood of all modern industrialised economies. If you don’t have oil, you have to buy it. And if you want to buy oil on the international markets, you usually have to have dollars. Until recently all OPEC countries agreed to sell their oil for dollars only. So long as this remained the case, the euro was unlikely to become the major reserve currency: there is not a lot of point in stockpiling euros if every time you need to buy oil you have to change them into dollars. This arrangement also meant that the US effectively part-controlled the entire world oil market: you could only buy oil if you had dollars, and only one country had the right to print dollars - the US.
If on the other hand OPEC were to decide to accept euros only for its oil (assuming for a moment it were allowed to make this decision), then American economic dominance would be over. Not only would Europe not need as many dollars anymore, but Japan which imports over 80% of its oil from the Middle East would think it wise to convert a large portion of its dollar assets to euro assets (Japan is the major subsidiser of the US because it holds so many dollar investments). The US on the other hand, being the world's largest oil importer would have, to run a trade surplus to acquire euros. The conversion from trade deficit to trade surplus would have to be achieved at a time when its property and stock market prices were collapsing and its domestic supplies of oil and gas were contracting. It would be a very painful conversion.
The purely economic arguments for OPEC converting to the euro, at least for a while, seem very strong. The Euro-zone does not run a huge trade deficit nor is it heavily endebted to the rest of the world like the US and interest rates in the Euro-zone are also significantly higher. The Euro-zone has a larger share of world trade than the US and is the Middle East’s main trading partner. And nearly everything you can buy for dollars you can also buy for euros - apart, of course, from oil. Furthermore, if OPEC were to convert their dollar assets to euro assets and then require payment for oil in Euros, their assets would
immediately increase in value, since oil importing countries would be forced to also convert part of their assets, driving the prices up. For OPEC, backing the euro would be a self-fulfilling prophesy. They could then at some later date move to some other currency, perhaps back to the dollar, and again make huge profits.
But of course it is not a purely economic decision.
So far only one OPEC country has dared switch to the euro: Iraq, in November 20002,3. There is little doubt that this was a deliberate attempt by Saddam to strike back at the US, but in economic terms it has also turned out to have been a huge success: at the time of Iraq's conversion the euro was worth around 83 US cents but it is now worth over $1.05. There may however be other consequences to this decision.
One other OPEC country has been talking publicly about possible conversion to the euro since 1999: Iran2,4, a country which has since been included in the George W. Bush’s ‘axis of evil’.
A third OPEC country which has recently fallen out with the US government is Venezuela and it too has been showing disloyalty to the dollar. Under Hugo Chavez’s rule, Venezuela has established barter deals for trading its oil with 12 Latin American countries as well as Cuba. This means that the US is missing out on its usual subsidy and might help explain the American wish to see the back of Chavez. At the OPEC summit in September 2000, Chavez delivered to the OPEC heads of state the report of the 'Interrnational Seminar on the Future of Energy’, a conference called by Chavez earlier that year to examine the future supplies of both fossil and renewable energies. One of the two key recommendations of the report was that ‘OPEC take advantage of high-tech electronic barter and bi-lateral exchanges of its oil with its developing country customers’5, i.e. OPEC should avoid using both the dollar and the euro for many transactions.
And last April, a senior OPEC representative gave a public speech in Spain during Spain’s presidency of the EU during which he made clear that though OPEC had as yet no plans to make oil available for euros, it was an option that was being considered and which could well be of economic benefit to many OPEC countries, particularly those of the Middle East6.
As oil production is now in decline in most oil producing countries, the importance of the remaining large oil producers, particularly those of the Middle East, is going to grow and grow in years to come7.
Iraq, whose oil production has been severely curtailed by sanctions, is one of a very small number of countries which can help ease this looming oil shortage. Europe, like most of the rest of the world, wishes to see a peaceful resolution of the current US-Iraqi tensions and a gradual lifting of the sanctions - this would certainly serve its interests best. But as Iraqi oil is denominated in euros, allowing it to become more widely available at present could loosen the dollar stranglehold and possibly do more damage than good to US economic health.
All of this is bad news for the US economy and the dollar. The fear for Washington will be that not only will the future price of oil not be right, but the currency might not be right either. Which perhaps helps explain why the US is increasingly turning to its second major tool for dominating world affairs: military force.
REFERENCES 1. Anon., ‘Trade Deficit Surges to a Record High’, Reuters, (January 17, 2003), http://www.centredaily.com/mld/centredaily/news/4970891.htm. 2. Recknagel, Charles, ‘Iraq: Baghdad Moves to Euro’, Radio Free Europe (November 1, 2000), http://www.rferl.org/nca/features/2000/11/01112000160846.asp. 3. Anon., ‘A Look At The World's Economy’, CBS Worldwide Inc., (December 22, 2000), http://www.cbsnews.com/stories/2000/12/22/2000/main259203.shtml. 4. Anon., ‘Iran may switch to euro for crude sale payments’, Alexander Oil and Gas, (September 5, 2002), http://www.gasandoil.com/goc/news/ntm23638.htm. 5. Hazel Henderson, ‘Globocop v. Venezuela’s Chavez: Oil, Globalization and Competing Visions of Development’, InterPress Service, (April 2002), http://www.hazelhenderson.com/Globocop%20v.%20Chavez.htm. 6. Javad Yarjani, ‘The Choice of Currency for the Denomination of the Oil Bill’, (April 14, 2002), http://www.opec.org/NewsInfo/Speeches/sp2002/spAraqueSpainApr14.htm. 7. The Association for the Study of Peak Oil, Newsletter 26, (February 2003), http://www.asponews.org.
FURTHER READING William Clark, ‘The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth’, (January 2003), http://www.ratical.org/ratville/CAH/RRiraqWar.html.
Great post! I look forward to the next one. I like posts that explain the financial process of the world and real historical events to back it up rather than pure speculation. I am little bit smarter today. Thanks and GO RV !!!!!
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this was a private message from Dogmatic1 but I have her permission to share it, she has been care giving 24/7 for her Mother in-law since early this summer when she was sent "home" with hospice. The hospice nurse has just left and in her opinion her mother-in-law will probably pass very quickly now, like in the next 24 hours.
Philippians 4:7 (New International Version)
7And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.
God bless them all,
pvS
We are lifting you up in prayer and pray that that God gives you peace at this time of need.
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I received this PM this morning and was sad to see one of our great members going through this:
Bumper would you please (if you go to chat) ask that everyone pray for & keep my daddy in their thoughts. He had a major heart attack early this morning. I haven't been asleep since yesterday. He has about 8 blockages & they have only been able to stent 1. Dr's words is "he's a very sick man" & he is "very worried". ;( We lost my grandma a little over a month ago. Not sure how much more we can handle. I can't get in chat or I would ask.. Thank you ...
I posted this here so that we could all show our support to JBrooks and her Father!!
We are praying for you.
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Texas Tax Deed Investing.
in Investment Opportunities and Wealth Management
Posted
Yes the redemption period is 12 month but the interest rate is 20%. I am looking forward to speaking with you and I have no problem coming to Houston to learn and invest there, I have a lot of friends there I worked with in Iraq. Like I said I'm in Afghanistan now doing my research from here as much as I can but it won't be long before I'm home for good looking to become a full time investor eventually. If you don't mind I would like to send you my email address so we can talk shop. Thanks, I'm super excited because I have been doing research on this all day today.