Butifldrm

If his lips are moving he is lieing. He is the King os Smoke and Mirrors. His next feat Cap and Trade, if successful will bankrupt the USA for sure! http://theliberalslies.blogspot.com/2010/04/obama-oil-ban-lift-only-smoke-and.html OBAMA OIL BAN LIFT ONLY SMOKE AND MIRRORS Barack Obama patted himself on the back supposedly seeming a little more centrist as he announced the lifting of a decades long ban allowing, "oil drilling," 50 miles off the Virginia coast and a few selected areas in the Gulf and Alaska. Immediately the White House spin machine began chiming in that Obama understands the, "need," for oil exploration and drilling to meet the Nations energy consumption. The problem is that when one actually looks into the reality of the area in which the ban has been lifted, it becomes obvious that this is nothing more than a political move of smoke and mirrors designed to try and bribe members of the GOP into supporting Obama's next big socialist move, Cap and Trade. The area where the ban was lifted off Virginia for example encompasses 2.9 million acres of largely unexplored areas about 50 miles off the Virginia coast. No one actually knows whether the area even has ANY oil deposits or if any, how much there may be. A study conducted by the House of Representatives in 2008 speculated that there was a possibility that within this area there was only enough oil to meet the Nations oil needs for ONLY ONE MONTH or about 21 million barrels of oil. Again the area is largely unexplored but if the 2008 study is accurate the cost effectiveness of building oil platforms and drilling for an estimated 21 million barrels of oil to meet the needs of only one month of national oil consumption makes the area extremely cost prohibitive and virtually not worth the time, energy and money necessary to bring the oil to the surface. When one considers that there are 14 billion barrels of oil in offshore locations off the coasts of The United States, Obama's announcement goes further than it seems on the surface. Of the 14 billion barrels available Obama's plan restricts ALL access to 13.1 billion of those available barrels. Again this announcement is nothing more than smoke and mirrors designed to make this extreme leftist to appear to look slightly centrist and create a perceived leverage with GOP members in the House and Senate to climb on board with Cap and Trade which will soon come to a Marxist Congress near you. Ken Taylor

That was so beautiful and so very true. Thank you

Qman, are you related to Possum? Just kidding, a good story. lol

The way things are going in with our economy, looks like for most in the cabinet, this is probably their first paying job!

I like them all Qman. Thanks

I, myself, believe in God first and the God given rights of Love, Life, Liberty and the pursuit of happiness, which has to include freedom from taxation. Now, as I watch our liberal government take away all of our God given rights and destroy the great Constitution of this country, I feel it is time to speak up and voice an opinion to preserve what has made this country the greatest country in the world. I appreciate everything Adam is doing for us. I know I must pay tax, but I would like to pay the least amount of tax legally possible, to help preserve at least one of our Constitutional rights. As a VIP member I say thank you Adam.

Wow, that's a heck of a sign! Wish it were true.

Adam, thank you very much. Looking forward to information on your investment ideas. Lori

Very interesting post. but on the flip side maybe this is a good sign for the RV. Once the Dinar is an international currency, all transactions could be done electronically no need for couriers . Just a thought. Go RV

I am excited to see what Adam has put together for investment portfolios. I was origionally looking into tax deferred municipal bonds which can pay up to 5% interest tax deferred, but a no risk 8% return also sounds great. Here is some info on tax municipal bonds. http://www.irs.gov/taxexemptbond/index.html http://personal.fidelity.com/product...axexempt.shtml Lori

I love stories like this. Thanks

Hope there are no more snafoooos, I am ready to get on with this and get some closure. My guess there will be another delay and who knows what it will be the next time! lol I am not thinking negatively, just hate to be dissapointed again.

Thanks Sunglass, I had forgotten the new Dinar chatroom address. Lori

As far as I can tell, the higher the RV, the more money we make and consequently the more money the IRS makes. now I do believe the IRS might be making plans on how to capture capital gains up front, hopefully time will tell. Just my thought. Have a great day!

Found this looking at GAN exchange rate. IMF: Iraq economy achieves substantial progress Posted by Reda Darwish Monday, 01 March 2010 18:13 The Executive Board of the International Monetary Fund (IMF) concluded a consultation with Iraq and discussed with officials the country's economic developments and policies. Global Arab Network has received a copy of IMF Consultation Statement with Iraq. According to this statement, IMF has been closely engaged with Iraq since 2003. Initial work focused on providing policy advice, mainly on monetary and fiscal policies, and technical assistance to rebuild essential economic institutions. In September 2004, the Fund approved Emergency Post Conflict Assistance for Iraq, which—in combination with a debt sustainability analysis—paved the way for an agreement with Paris Club creditors. Since then, Iraq successfully completed two precautionary Stand-By Arrangements whose main objectives were to achieve macroeconomic stability; promote growth; and continue the process of structural reforms. Substantial progress has been made since 2003, despite the difficult security situation. Inflation has been reduced to single digits, the international reserves position has improved markedly, and direct fuel subsidies were eliminated, while the pension system was put on a sustainable footing, which created room for priority spending on investment and the social sectors. Several steps have also been taken to strengthen public financial management, improve transparency in the oil sector, and rebuild capacity at the central bank, and the authorities have initiated the restructuring of the two largest state-owned banks. In addition, important advances have been made in attaining long-term debt sustainability. In 2004, Paris Club creditors agreed to reduce Iraq’s external debt by 80 percent in net present value terms. Also, bilateral debt agreements with several non-Paris Club creditors have been concluded, although this process is yet to be completed. Iraq’s economic performance was strong in 2008, aided by record oil prices and improved security. Oil production rose to 2.3 million barrels per day (mbpd), the highest level since 2003. As a result, real GDP is estimated to have grown by 9

Geeez, 3.22 This must be where my intel got there intel from!

Here Here!

Hi skelly hope you are doing good.

Could be true, but I hope all of these statements coming out of Iraq are not some political ploy because the elections are so close. Hey still think it's good news they are publicly speaking about a revaluation! Have a great day!

tabi, today or the 28th is suppose to be Prophet's Day. Have a great day!

Thanks for sharing, it's all good. I hope what you are sharing is the key to the rv and not just the redenomination. Either way, thanks for the post. Have a great day!

Hello, Did I miss something? Or is this not the news you were talking about, Not bashing just think it's about the election. Disable the official working hours from 4 to 8 March to facilitate the holding of elections .. State of alert and preparedness in Baghdad starting next Sunday.

Ennorste, I was just thinking, everyone is focussing on the new denomination of the Dinar, but how is every shop keeper, every business going to readjust their costs and dprices of goods, when this all goes down? This whole phenomena is going to be mind boggeling if the Iraqi government can pull this off. I think it will take more than just a day to redemominate and/or RV. Just food for thought. I know the RV is going to happen, the mass communication and adjustments in concert are going to be extraordinary.

davidsto I think Iraqi work week actually starts on our Saturday night and ends our Thursday night, so therefore from your analysis which is good, the RV should be on our Saturday night. I really don't care what day it happens on. I wanted it yesterday, but what ever day it does happen on will be a great day!

Adam, thanks for being so level headed. I value your input greatly. Have a great day!