chas32

“God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. ... And what country can preserve its liberties, if its rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure." Thomas Jefferson "Smith had a strong dislike for both governments and corporations. He viewed government primarily as instruments for extracting taxes to subsidize elites and for intervening in the market to protect monopoly. In his words, "Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all." Smith made no mention of government intervention to set and enforce minimum social, health, worker safety, and environmental standards in the common interest—to protect the poor against the rich. We can imagine that given the experience of his day the possibility never occurred to him". http://deoxy.org/korten_betrayal.htm "Labor, as one example of this, gets cheaper and cheaper which benefits the multinational companies, but not the workers themselves. Various international trade agreements that large corporations are able to strongly lobby favorable conditions in, are often designed in part to make resources (including workforces) cheaper". http://www.globaliss...-workers-rights and read this post http://dinarvets.com..._1entry656513 When a group of people at one time lived in a cave and only knew darkness within that cave, their life at that point in time becomes their truth and reality. If one of them by chance looks farther out of the cave and sees a light. A dim light and that one person decides to climb and crawl to that light and when the person gets closer to the light and begins to pullhim/herself out of the cave. The light becomes blinding to that person. So much so, that person will be blinded by the light and not understand the reasons of that blindness. That person will become afraid and not want to travel anyfurther. But as the eyes become accustomed to light and that person begins to see clearly the truth and reality of the cave that blends into a new reality of a world with light. Then the only virtuous thing to do would be for that person to go back and lead others out of the cave and with that a conflict begins: It is not an easy task to reach down and grab a hand of someone in the cave to help that person leave the darkness and into the light. Since leaving the darkness would be leaving a known and livable reality within that cave. Comparatively so, when people ask for a truth and others try to shed a little light on that particular truth, Plato’s cave story and Socrates' famous quote about that cave story come to my mind, "As for the man who tried to free them and lead them upward, if they could somehow lay their hands on him and kill him, they would do so."This is ironic in principle. The fact that a person is trying to help people think correctly and the masses are so stuck in their beliefs, the masses will ridicule that person and or threaten his/her life.

Body or Mind What can the body do without the mind? What can the mind do without the body? Which is of the most value is not the question. But, does each understand the value of the other? The greatest thinker with the greatest plan cannot do much unless the body is a willing participant. Let’s see manufacturing as a share of the economy has been plummeting. In 1965, manufacturing accounted for 53 percent of the economy. By1988 it only accounted for 39 percent, and in 2004, it accounted for just 9 percent. For instance when the steel companies decided to leave Pittsburg, it was not that they were not making a profit. The steel companies were making about 8-12% RRR (Required Rate of Return) for every dollar invested, but the board decided that the steel companies needed 21% RRR. So, where did the plants move to; right Mexico…Go down the list of all manufacturing sectors autos,appliances, etc. Those industries first went to Mexico and when Mexican wages became too high they moved to China & Taiwan. If the Unions are as strong as some suggest why did the Unions let this happen. Unions where never for NAFTA but it passed anyway, so again, why did the Unions not use their muscle to stop NAFTA? Because the Unions never had as much power as some would suggest. Theory holds that if you cannot fight or get even with the people who really hold the power; why not get mad at your own kind and bring their work for decent wage and benefit package lower...because nobody deserves a fair days wage for a fairs days’ work. I would rather cheer for the working man/women who makes a good wage, for in him/her America was built. Instead of tearing working people down for their success, we should cheer for workers hourly or salaried to achieve a good wage. It worked in the 1990’s. Let’s run the wages in America to the bottom then everyone should be happy…Oh thats right we must not forget that a Nations wealth is much dependent on having a firm foundation in manufacturing that will support other job creations: accounting, services, real-estate, health care. Not to forget even more taxs for the government. Not Economic engineering of the Dot Com, Enron, and Housing the Bubble. I think both parties were in office during these crashes/crisis. But then again we should blame the Unions, the working person. Makes sense to me, if I cannot get the big players lets pick on the smaller ones. Unionmembership in 2010 11.9% in 1945 more than 1/3 of the work force was unionized.The number of wage and salary workers be-longing to unions in 2010 declined by 612,000 to 14.7 million. In 2010, among full-time wage and salary workers, union members had median usual weekly earnings of $917, while those who were not represented by unions had median weekly earnings of $717. http://www.bls.gov/n.../pdf/union2.pdf Unions have help pass legislation for: Fair Minimum Wage Act of 2007, providing an increase in the federal minimum wage. The Occupational Safety and Health Act of 1970, a comprehensive federal law ensuring safety in the workplace. Workers' compensation laws, giving workers injured on the job medical coverage and compensation for lost time. Mine safety laws strengthening mine safety standards and protecting the rights of mine workers. The Fair Labor Standards Act of 1938, creating the 40-hour work week and the first minimum wage. The Social Security Act of 1935, providing benefits to unemployed and retired workers. Oh, I am sorry some think that Social Security is not deserved even though we have paid into it for over 30 years; it was make believe I quess.

I wonderif a color blind person's perception of reality differs from one who is not color blind. If that color blind person sees blue as green, is that a true reality of that color? Or if a person who is not color blind sees blue as blue, does that make that more of a reality than that of the person who is color blind and sees blue as green? Both above realities are correct, since neither one could not possibly see anything other than what they have seen. If one perceives 1 = 1000 and a person interprets that reality to mean 1= 1000 = 1000, how could this possibly be? (“Some people form and cling to false beliefs about beliefs despite overwhelming evidence thanks to a mental phenomenon called motivated reasoning”, says sociologist Steve Hoffman). Or should a person use alittle math to see if what one perceives has any bearing on reality that is seen? “…one new dinar equal to 1,000 current dinars”. What does the sentence mean? 1=1000, how can 1 equal 1000; they both express the value 1 is a 1 and 1000 now equals a 1. Why people believe big lies: Yes there is an art to lying, would you believe a drunkard, a person with a trenchcoat selling Rolex watches hidden on the inside of the coat, a 13 year old kid…probably not. But some might believe Wall Street, The Federal Reserve and our government;they all dress well, highly educated, neatly dressed and very articulate in selling a truth only the insipid would not believe. Like selling a debt instrument as an asset rated AAA by an agency by their own admission just gives opinions on their ratings of that debt instrument. “…in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate colossal untruths, and they would not believe that others could have the impudence to distort the truth so infamously. Even though the facts which prove this to be so may be brought clearly to their minds, they will still doubt and waver and will continue to think that there may be some other explanation. For the grossly impudent lie always leaves traces behind it, even after it has been nailed down, a fact which is known to all expert liars in this world and to all who conspire together in the art of lying.” - Adolf Hitler , Mein Kampf, vol. I, ch. X. So what does this have to do with the Dinar? If I can think of this or read Mein Kampf, so have others and once you understand this, that others know what you know or have read what you have read. The branches of thought like on a tree can become confusing at best; if it is an RD or RV or RD with RV or if alop is a real word or if a pumper is a dumper or if 1=1000 turns into 1000 or will the Illuminati get us in the middle of the night or did the U.S. really land on the moon. Confusion misdirection and lies are a very good way to hide the truth from all of us. So at best we will all wait…for me, I think I will go for walk and see what I can see.

Why people believe big lies: Yes there is an art to lying, would you believe a drunkard, a person with a trench coat selling Rolex watches hidden on the inside of the coat, a 13 year old kid…probably not. But some might believe Wall Street, The Federal Reserve and our government;they all dress well, highly educated, neatly dressed and very articulate in selling a truth only the insipid would not believe. Like selling a debt instrument as an asset rated AAA by an agency by their own admission just gives opinions on their ratings of that debt instrument. “…in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but would be ashamed to resort to large-scale falsehoods. It would never come into their heads to fabricate colossal untruths, and they would not believe that others could have the impudence to distort the truth so infamously. Even though the facts which prove this to be so may be brought clearly to their minds, they will still doubt and waver and will continue to think that there may be some other explanation. For the grossly impudent lie always leaves traces behind it, even after it has been nailed down, a fact which is known to all expert liars in this world and to all who conspire together in the art of lying.” - Adolf Hitler , Mein Kampf, vol. I, ch. X. So what does this have to do with the Dinar? If I can think of this or read Mein Kampf, so have others and once you understand this, that others know what you know or have read what you have read. The branches of thought like on a tree can become confusing at best; if it is an RD or RV or RD with RV or if a lop is a real word or if a pumper is a dumper or will the Illuminati get us in the middle of the night or did the U.S. really land on the moon. Confusion misdirection and lies are a very good way to hide the truth from all of us. So at best we will all wait…for me, I think I will go for walk and see what I can see.

Thanks k98nights for the post. Iraq needs this for economic growth witch in turn will support the IQD.

What are the 13th , 16th and 29th rated economies in the world? What is their exchange rate? What is their M2 in their own currency? Can or would Iraq do the same with their exchange rate and appreciate it slowly? Colombia: population 44,205,293, GDP $407,500,000,000 29th , M2 $26,570,000,000, and exchange rate $1/1864 Peso, GDP - per capita (PPP) $9,300, Reserves $24,990,000,000 Debt - external $52,900,000,000, and M2 in their own currency 49,526,480,000,000 Reserves to M2 ratio .94. Colombia's paper money continued to be issued denominated in peso oro until 1993, when the word oro was dropped. Since 2001, the Colombian senate has debated whether to redenominate the currency by introducing a new peso worth 1000 old pesos. Such a plan has yet to be adopted. Indonesia: population 242,968,342, GDP $960,200,000,000 16th, M2 $131,100,000,000 and exchange rate $1/9,149.13 Rupiah, GDP - per capita (PPP) $4,000, Reserves $66,120,000,000 Debt - external $156,700,000,000, and M2 in their own currency 11,994,339,000,000 Reserves to M2 ratio .50. The Economy of Indonesia is the largest economy in Southeast Asia, is one of the emerging market economies of the world, and also the member of G-20 major economies. South Korea: population 48,636,068; GDP $1,362,000,000,000 13th; M2 $473,400,000,000 and exchange rate $1/1,126.89 Won, GDP - per capita (PPP) $28,100, Reserves $270,000,000,000 Debt - external $370,800,000,000, and M2 in their own currency 533,048,400,000,000. Reserves to M2 ratio .57. Despite the South Korean economy's high growth potential and apparent structural stability, South Korea suffers perpetual damage to its credit rating in the stock market due to the belligerence of North Korea in times of deep military crises, which has an adverse effect on the financial markets of the South Korean economy. However, the International Monetary Fund compliments the resilience of the South Korean economy against various economic crises.. Iraq: population 29,671,605, GDP $109,900,000,000 65th , M2 $26,100,000,000 and exchange rate $1/1,184.27 Dinar, GDP - per capita (PPP) $3,800, Reserves $44,380,000,000 Debt - external $73,000,000,000 and M2 in their own currency 27,000,000,000,00. Reserves to M2 ratio 1.7. 　 　 　 　 　

Here is the link about the 11 countries. The debate at the time this was published was: is the below paragraph about dues to fund the UN or about changing the 11 countries exchange rate. "In connection with conversion rates, he said that for 11 countries, a country-by-country assessment of possible exchange rate overvaluation or undervaluation had been conducted, including the examination of information about the economic and financial situation. Based on the review, the Committee had decided to adjust the conversion rate of Iraq. Some members considered that the rate of the other 10 countries should also be adjusted. However, in line with the past practice and its recommendation on the scale methodology, the Committee had decided to use market exchange rates for the other Member States." http://www.un.org/News/Press/docs/2009/gaab3917.doc.htm

This lays out, there are no restrictions on current and capital transactions involving currency exchange as long as underlying transactions are supported by valid documentation. Currency Conversion and Transfer Policies - From U.S Department of State The currency of Iraq is the Dinar (IQD - sometimes referred to as the New Iraqi Dinar). The Iraqi authorities confirm that in practice there are no restrictions on current and capital transactions involving currency exchange as long as underlying transactions are supported by valid documentation…. The International Monetary Fund’s annual publication on Exchange Arrangements and Restrictions states that: “Restrictions on capital transactions are not enforced; however, documentation and reporting requirements apply…” Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes. http://www.state.gov/e/eeb/rls/othr/ics/2010/138084.htm 50 billion reserves of the central Iraqi foreign currency Wednesday, 12 - 01-2011 Salih pointed out that the sale remittances outside Iraq is allowed for commercial purposes, and according to legal documents, citizens can also transfer money to pay fees for university students or outside of Iraq for medical treatment and for other purposes, not inconsistent with the law against money laundering. http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.nakhelnews.com/pages/news.php%3Fnid%3D4224&prev=_t&rurl=translate.google.com&twu=1 What are the 13th , 16th and 29th rated economies in the world? What is their exchange rate? Colombia: population 44,205,293, GDP $407,500,000,000 29th , M2 $26,570,000,000, and exchange rate $1/1864 Peso, GDP - per capita (PPP) $9,300, Reserves $24,990,000,000 Debt - external $52,900,000,000, and M2 in their own currency 49,526,480,000,000 Reserves to M2 ratio .94. (44) Colombia's paper money continued to be issued denominated in peso oro until 1993, when the word oro was dropped. Since 2001, the Colombian senate has debated whether to redenominate the currency by introducing a new peso worth 1000 old pesos. Such a plan has yet to be adopted. Indonesia: population 242,968,342, GDP $960,200,000,000 16th, M2 $131,100,000,000 and exchange rate $1/9,149.13 Rupiah, GDP - per capita (PPP) $4,000, Reserves $66,120,000,000 Debt - external $156,700,000,000, and M2 in their own currency 11,994,339,000,000 Reserves to M2 ratio .50. (44) The Economy of Indonesia is the largest economy in Southeast Asia, is one of the emerging market economies of the world, and also the member of G-20 major economies. South Korea: population 48,636,068; GDP $1,362,000,000,000 13th; M2 $473,400,000,000 and exchange rate $1/1,126.89 Won, GDP - per capita (PPP) $28,100, Reserves $270,000,000,000 Debt - external $370,800,000,000, and M2 in their own currency 533,048,400,000,000. Reserves to M2 ratio .57.(44) Despite the South Korean economy's high growth potential and apparent structural stability, South Korea suffers perpetual damage to its credit rating in the stock market due to the belligerence of North Korea in times of deep military crises, which has an adverse effect on the financial markets of the South Korean economy. However, the International Monetary Fund compliments the resilience of the South Korean economy against various economic crises.. Iraq: population 29,671,605, GDP $109,900,000,000 65th , M2 $26,100,000,000 and exchange rate $1/1,184.27 Dinar, GDP - per capita (PPP) $3,800, Reserves $44,380,000,000 Debt - external $73,000,000,000 and M2 in their own currency. Reserves to M2 ratio 1.7. (44)

What is the WTO? http://www.wto.org/english/info_e/site2_e.htm

Is there any evidence Iraq is currently exchanging the IQD to do business? 2010 Investment Climate Statement Currency Conversion and Transfer Policies Bureau of Economic, Energy and Business Affairs March 2010 The currency of Iraq is the Dinar (IQD - sometimes referred to as the New Iraqi Dinar). The Iraqi authorities confirm that in practice there are no restrictions on current and capital transactions involving currency exchange as long as underlying transactions are supported by valid documentation. The International Monetary Fund’s annual publication on Exchange Arrangements and Restrictions states that: “Restrictions on capital transactions are not enforced; however, documentation and reporting requirements apply.” The National Investment Law contains provisions that, once implemented, would allow investors to bank and transfer capital inside or outside of Iraq. The Government of Iraq’s monetary policy since 2003 has focused on maintaining price stability primarily by appreciating the IQD against the US dollar while seeking to maintain exchange rate predictability. Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes. There are no taxes or subsidies on purchases or sales of foreign exchange. Improved security has allowed for an increased supply of goods and services, which, along with the Central Bank’s monetary and exchange rate policies have continued to help temper inflation. The inflation rate has dropped from a high of 76.6 percent in August 2006 to -4.4 percent in December 2009 (negative due to decreased year-on-year oil, transportation, communication, clothing, and food prices). http://www.state.gov/e/eeb/rls/othr/ics/2010/138084.htm What Does Exchange Control Mean? Types of controls that governments put in place to ban or restrict the amount of foreign currency or local currency that is allowed to be traded or purchased. Common exchange controls include banning the use of foreign currency and restricting the amount of domestic currency that can be exchanged within the country. Investopedia explains Exchange Control Typically, countries that employ exchange controls are those with weaker economies. These controls allow countries a greater degree of economic stability by limiting the amount of exchange rate volatility due to currency inflows/outflows. The International Monetary Fund has a provision called article 14, which only allows countries with transitional economies to employ foreign exchange controls. http://www.investopedia.com/terms/e/exchangecontrol.asp Salih pointed out that the sale remittances outside Iraq is allowed for commercial purposes, and according to legal documents, citizens can also transfer money to pay fees for university students or outside of Iraq for medical treatment and for other purposes, not inconsistent with the law against money laundering. http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.nakhelnews.com/pages/news.php%3Fnid%3D4224&prev=_t&rurl=translate.google.com&twu=1

What are the 13th , 16th and 29th rated economies in the world? What is their exchange rate? Can or would Iraq do the same with their exchange rate and appreciate it slowly? Colombia: population 44,205,293, GDP $407,500,000,000 29th , M2 $26,570,000,000, and exchange rate $1/1864 Peso, GDP - per capita (PPP) $9,300, Reserves $24,990,000,000 Debt - external $52,900,000,000, and M2 in their own currency 49,526,480,000,000 Reserves to M2 ratio .94. (44) Colombia's paper money continued to be issued denominated in peso oro until 1993, when the word oro was dropped. Since 2001, the Colombian senate has debated whether to redenominate the currency by introducing a new peso worth 1000 old pesos. Such a plan has yet to be adopted. Indonesia: population 242,968,342, GDP $960,200,000,000 16th, M2 $131,100,000,000 and exchange rate $1/9,149.13 Rupiah, GDP - per capita (PPP) $4,000, Reserves $66,120,000,000 Debt - external $156,700,000,000, and M2 in their own currency 11,994,339,000,000 Reserves to M2 ratio .50. (44) The Economy of Indonesia is the largest economy in Southeast Asia, is one of the emerging market economies of the world, and also the member of G-20 major economies. South Korea: population 48,636,068; GDP $1,362,000,000,000 13th; M2 $473,400,000,000 and exchange rate $1/1,126.89 Won, GDP - per capita (PPP) $28,100, Reserves $270,000,000,000 Debt - external $370,800,000,000, and M2 in their own currency 533,048,400,000,000. Reserves to M2 ratio .57.(44) Despite the South Korean economy's high growth potential and apparent structural stability, South Korea suffers perpetual damage to its credit rating in the stock market due to the belligerence of North Korea in times of deep military crises, which has an adverse effect on the financial markets of the South Korean economy. However, the International Monetary Fund compliments the resilience of the South Korean economy against various economic crises.. Iraq: population 29,671,605, GDP $109,900,000,000 65th , M2 $26,100,000,000 and exchange rate $1/1,184.27 Dinar, GDP - per capita (PPP) $3,800, Reserves $44,380,000,000 Debt - external $73,000,000,000 and M2 in their own currency. Reserves to M2 ratio 1.7. (44)

Hello, "drox and keepmwlknfny"… you both are good. It is enjoyable to read your stuff. I post under the name chas32 here on DV and clines55 at other sites. Geez…I am hoping, this is all over with soon. If Iraq decides to re-denominate their currency what will the reaction of the Iraqi citizen be? We already know that the people of Kurdistan were “incensed at what they perceived to be an outrageous devaluation of their currency“, when changing from the Swiss dinar to the New Dinar. Historically Iraq has never Lopped their currency and Iraq has historically a high exchange rate compared to the USD. Iraq has a rich history in leading nations in the middle east in agriculture, education, research and development, oil, education, medical fields and a place were Europeans use to vacation at. Past practices can be a predictor of future events. There also is not enough research on re-denominations that fail and why countries do nothing to their currency. There also is conflicting views on the theory of money supply in the short term. Since no explanation has been given to what short term means, where does this leave us on what Iraq is going to do with their monetary policy or the range of the new rate? What streams of income will be generated by Iraq’s development plan to pay down the debt that in return will diminish the money supply? The article, The Iraqi Dinar between the illusion of zeros and the game of economy ,with this ending, “this is not impossible and tomorrow is not too far.” So if some consider this as a game, how can anyone say that Iraq can not RV and at what amount or range is possible. In the article How Money is Created, there is this to ponder, “The matter of money creation is poorly understood. There is a common misconception that banks or governments create money. Governments only borrow money into existence from the banks. Banks can and do manage and redistribute money and wealth. Only people and natural resources represent potential wealth. Only people can, by their labor, produce useful wealth, which can be traded, either 1) directly by barter, 2) thru the use of currency, or 3) thru the creation of money. Remember, all people who buy or sell, i.e. are producers or consumers, are traders” .. This is how money is created, and extinguished. The stability of a money issue, then, is only tangentially related to any assets that might guarantee it. With Iraq’s rich history and if the people of Iraq are given the opportunity by their leadership, nothing is impossible in the eyes of one researcher, that Iraqi citizens do deserve this new rate. Iraq's GDP could have been more than 50 times its projected GDP in 2010. In other words, had there been peace in Iraq, every Iraqi citizen would be earning over $9,600 instead of the $2,300 in 2010.(5b) Some might say this is not a good answer and they would be correct. But remember research can take one to ideas, one might not want to think about and even to denial of one’s preconceived learned precepts. This is ok, and only thru true discourse will discovery unfold before one’s mind, whether one likes it or not. The CBI can sell Treasury Securities (bonds) to reduce the money supply. In selling those Treasury Securities to the public and commercial banks, other nations, financial institutions, and the average citizen/investor. The CBI gives you a piece a paper stating that they owe you a certain amount of money in 10 years or 30 years plus interest in exchange for your cash. They give you a slip a paper and take your cash, effectively reducing the amount of cash in circulation. The CBI can also reduce the money supply by raising what's called the reserve requirement. If the CBI raises the reserve requirement on banks, then banks cannot loan out as much cash, and this reduces the amount of cash in circulation and reduces the money supply. The CBI can also raise the discount rate, this is the interest-rate the CBI charge banks for their loans. Remember an excess of money supply is only inflationary if people spend it, and if that spending exceeds the economy's capacity to produce. If the world was really concerned about money supply take a look at Japan: “Japan's key money supply gauge rose 2.9 percent in January from a year earlier, as companies piled up demand deposits while remaining reluctant to make fresh business investment amid the slow economy, the Bank of Japan's survey showed Monday. The average daily balance of M2 came to 766.5 trillion yen. Economists polled by Kyodo News had projected a 3.0 percent increase on average.) (2a) Brazil, China and India right now are lowering their money supply by raising their reserve requirement. Brazilian Real M2 in their currency 35,855,505,000,000, China’s Yuan Renminbi M2 in their currency 30,878,521,000,000, I think I see a few trillions here. I wonder if the four mention countries are going Lop their currency or implement other policies, to control inflation and money supply? “Brazil starts to mop up $39bn; rate rise likely, February 25, 2010 10:10am The central bank of Brazil has announced a rise in reserve requirements for larger banks, reversing the lower levels permitted during the crisis. Two moves are intended to soak up 71bn reais ($39bn) from the Brazilian financial system:” (1) reserve requirements for time deposits will be raised to 15 per cent from 13.5 per cent; (2) additional requirements for demand and time deposits will be raised to 8 per cent from 5 and 4, respectively. The moves will take place on March 22 and April 9. Brazil joins China and India, which have already begun raising their reserve requirements. The move is expected to be followed by an increase in the central bank’s benchmark rate, currently at a record low of 8.75 per cent - perhaps as early as March (Reuters). Notes (5b) http://en.wikipedia....Economy_of_Iraq (2a) http://www.breitbart.com/article.php...show_article=1

If you own Dinar, you have a 75% chance for a positive outcome and a 25% chance for a negative outcome. Read below and ask yourself, did you make a good decision in buying the Dinar and did you buy the Dinar for the right reasons? How poker makes you a better investor Ever watch professional poker players calculating the odds, then coolly dissecting their opponents? Many of the same skills the top players use can help you be a better investor. Success at both investing and gambling, it turns out, has much to do with controlling emotions. And playing a little poker can help you recognize, and avoid, emotional traps that endanger your most important stack of chips -- your portfolio. But you need to know what to look for… http://articles.moneycentral.msn.com/learn-how-to-invest/how-poker-makes-you-a-better-investor.aspx MCU Tip No. 2: Money you don't lose buys just as many things as money you win. The lesson: Save money by lowering risk and avoiding overpriced stocks In poker, most of the money you win is money that is given to you by bad players, rather than money that you earn. And similarly, one of the keys to increasing your profit is reducing the amount of money that you give away. Investing in stocks is no different. MCU Tip No. 7: If one pro plays twice as many hands as another, both might earn the same profit. The lesson: It's better to have a few superior stocks in your portfolio than to diversify by adding marginal companies. MCU Tip No. 4: You don't get paid to win pots; you get paid to make the right decisions. The lesson: Ignore short-term results, and focus on how you played the game. http://www.fool.com/investing/mutual-funds/2005/04/19/from-poker-to-investing-10-tips-from-the-mcu.aspx Also, you can learn the basics of poker and investing in about five minutes and then spend the whole rest of your life trying to understand the nuances. I've been an investor for over thirty years and I learn things every day. Also by the end of our session together, you'll find that the skill sets for poker and for investing are surprisingly similar. A lot of the talks that you have heard today tie together. You'll see things in my talk that relate to some things that Lisa mentioned-the process of playing poker and the process of investing are more about how you make decisions. Terry talked about behavioral finance and poker is enormously influenced by the way people think. People make decisions in very quirky ways, as he pointed out… Now the key to winning in low stakes poker is folding. If you're playing an eight-handed game and the luck of the draw is evenly distributed, you're going to have the best hand about one in eight times. So seven out of eight times, if you're playing only your good hands, you should be sitting on the sidelines. People don't do that. When you play once a month or every couple of weeks, people want to mix it up. They want to be in the hands and get the action and see what the next card will bring. So they will not fold to the extent that you need to because it's no fun and it requires discipline and patience. You can see where I'm starting to head in comparing investing with poker. Successful investing is boring. It takes place over years of time and involves accumulations of wealth in periods of years and decades as opposed to minutes, hours and weeks. If you're at the country club and you're talking about the latest stock you bought, most people want to talk about the thing that went up $10 the last week. They don't want to say, "I'm in a mutual fund and I think I'll make 7%-8% annually until I retire and at that rate I'll be able to achieve my financial goals." But that's the way you really should be thinking about investing-over a lifetime. This is something that Ken Warren said about Texas Hold-em: "More money is lost by players who know what the right thing to do is, but don't do it, than for any other reason. Having a strategy, a game plan and the discipline to stick to it are, along with a sufficient bankroll, the four most important things that a player needs to be a winner." You could say the same thing about investing. Game plan, strategy, discipline and obviously, bankroll. http://www.leggmason.com/billmiller/conference/illustrations/nelson.asp

On September 14, 2004, the Bush Administration proposed re-allocating resources for Iraq approved by Congress on September 29 in P.L. 108-309. This reflects a review conducted by the Iraq Reconstruction and Management Office and the U.S. Embassy country team. The review reallocated $360 million to subsidize U.S. forgiveness of as much as $4 billion in bilateral Iraqi debt to the United States. On November 21, 2004, Paris Club members agreed on a debt relief program for Iraq providing a total amount of debt reduction of 80% in three phases. Club members recommended that their governments deliver the following treatment: 1) An immediate cancellation of part of the late interest representing 30% of the debt stock as at January 1, 2005. The remaining debt stock is deferred up to the date of the approval of an IMF standard program. This cancellation results in the write-off of $11.6 billion on a total debt owed to the Paris Club of 38.9 billion U.S. dollars; 2) As soon as a standard IMF program is approved, a reduction of 30% of the debt stock will be delivered. The remaining debt stock will be rescheduled over a period of 23 years including a grace period of 6 years. This step will reduce the debt stock by another $11.6 billion, increasing the rate of cancellation to 60%; 3) Paris Club creditors agreed to grant additional debt reduction representing 20% of the initial stock upon completion of the last IMF Board review of three years of implementation of standard IMF programs. This debt treatment would reduce the total debt stock from $38.9 billion to $7.8 billion. On December 17, 2004, the United States completely forgave $4.1 billion — 100% of Iraqi debt to the United States. The cost to the United States Treasury of forgiving this debt was determined to be $360 million, and was appropriated for in the reallocation of financial resources for Iraq approved by Congress on September 29, 2004. http://fpc.state.gov/documents/organization/44019.pdf

COALITION PROVISIONAL AUTHORITY ORDER NUMBER 39 FOREIGN INVESTMENT http://www.iraqcoalition.org/regulations/20031220_CPAORD_39_Foreign_Investment_.pdf

An Economy in a Debt Trap: Iraqi Debt 1980-2020 http://www.thefreelibrary.com/An+Eco...020-a080966039 Reconstructing Iraq’s Economy http://www.twq.com/04autumn/docs/04autumn_crocker.pdf Iraq Index - Tracking Variables of Reconstruction & Security in Post-Saddam Iraq - page 36 http://www.brookings.edu/~/media/Fil...ex20100107.pdf Iraq’s Odious Debts http://www.cato.org/pubs/pas/pa526.pdf

What Does Rednomination Mean? http://www.investopedia.com/terms/r/redenomination.asp Foreign Exchange and Money Market Transactions http://www.ibb.ubs.com/Individuals/files/brochure/booken.pdf A Beginner's Guide to Exchange Rates and the Foreign Exchange Market http://economics.about.com/cs/money/l/aa022703a.htm Dropping Zeros, Gaining Credibility? Currency Rednomination in Developing Nations http://www.unc.edu/~lmosley/APSA%202005.pdf Effects of Rednominating the North Korean Won http://seekingalpha.com/article/176077-effects-of-redenominating-the-north-korean-won

Here is good read on Optimal Currency Appreciation Path. http://www.economics.uoguelph.ca/Research/DisPapers/2009_5.pdf

From The Wall Street Journal “The expected announcement of Iraq's new government marks the culmination of a remarkable process. The former bully-boy of the Arab neighborhood has become its only functional democracy. What may be the world's richest resource economy, once the closed shop of a murderous clique, is today wide open for business… The Saudi comparison suggests that as Iraq's oil production rises, its economy could grow approximately six-fold over the coming decade—gross domestic product is currently $66 billion—and add a mind-boggling $300 billion in annual GDP. This means one of the largest economic reconstruction and development booms in history… There is strong evidence that Iraq can avoid much of the "oil curse" and build a more cosmopolitan and modern economy than those of its autocratic neighbors…. The quality of Iraq's economic management is visible in the soundness of its macroeconomic picture. Inflation is under control at 5% per year, the government budget will likely be balanced with increased exports in 2011, and the Iraqi dinar soon to appreciate as exports take off has held steady against the U.S. dollar since early 2009. GDP growth, forecast by the International Monetary Fund to be 11.5% for 2011, is already among the highest in the world, with the investment boom barely in its infancy and the export surge yet to begin…” http://online.wsj.com/article/SB10001424052748703886904576031510722493874.html?mod=googlenews_wsj#articleTabs%3Darticle

To drox: “It looks entirely reasonable on the surface but because the IQD is at 1170 a jump to .27 could create huge imbalances with trading partners and convertibility issues with those nations that they might deem unfair. The stability of the Iraqi economy is critical and must be able to support a revaluation in all facets.” Dr. Sinan Al-Shabibi Specializes in Econometric Model-Building, External debt management, with emphasis on macroeconomic and analytical aspects, Debt Sustainability Analysis and Analysis of Balance of Payments. With Dr. Shabibi experience in modeling the CBI has run through many of the different possible outcomes when the Dinars becomes tradable. If the 100,000 notes are for real, the starting point could be at .0008. Along with agreements with the IMF and partner countries on appreciation time tables for the Dinar, that should coincide with the development of Iraq‘s port, banks, job creation, security, government stability, hospitals, education, roads, increase of oil production, etc. Iraq needs the infrastructure to work and function properly to support the Dinar. My .27 would take about 1-2 years to achieve as Iraq improves the liquidity of Iraq’s local banks and the other items mention above. That in turn will support the Iraq citizen on attaining loans, and help sustain the Dinar in the future at a higher rate. “they must have the currency recognized to really give us a shot.” Correct all we need is a chance… “The Exchange Rate of Foreign Currency in Economic Feasibility Studies” My take on the numbers: this is Iraq’s goal at the end of the 5 year plan and how Iraq achieves the mention numbers is what we all are curious about. In other posting I stated that there is a 75% chance of a positive outcome and 25% chance for a negative outcome. “According to Article 14 it makes me worried that both the Kuwait and other creditor nation balances could postpone it longer. I thought that wouldn't be a factor with the recent sanctions being lifted but now I am not so sure. Do you feel those are potential factors?” No. The IMF will monitor Iraq… In the Letters of Intent, when IMF wants a country to delete zeros, it would have been mentioned. So far IMF has been silent about that issue. What I was trying to explain is that Iraq needs to start at some point and at some rate. So be it, if it is low and the market moves it up or down. At least the investors can play. I am under no illusions of higher rate, but can dream about a starting rate at a higher figure. I retired at 52, and work 30 years in the auto industry, 12 years as a Education Training Coordinator, 6 years as a process engineer and 12 years on the line. I do not have to go back to work... If missed anything...sorry.

To drox: “…counted 4 : Columbia, Paraguay, South Korea, and Indonesia…because the economy must proceed irregardless! …” We, as investors can not win or lose unless we are able to play in the game.. Yes, you are correct. Now read articles 4, 14, and 8 in the IMF. How long would it take for the IQD to reach .27 and how would Iraq accomplish this? Links below: http://www.imf.org/external/pubs/ft/aa/index.htm http://www.ibb.ubs.com/Individuals/files/brochure/booken.pdf Confiscation of wealth is explained here: Effects of Rednominating the North Korean Won http://seekingalpha.com/article/176077-effects-of-redenominating-the-north-korean-won

To drox: "To me... they will be needing those big notes because they are preparing for the economy to take off without re-denomination." That was good drox..I have been thinking that this could be a likely outcome..drox do you kown how many countries money trades around the .000X level? The answer is here: https://www.foreignexchangeservices.com/index.html?partnerid=FES&serviceType=rate

Section 2. General exchange arrangements (a) Each member shall notify the Fund, within thirty days after the date of the second amendment of this Agreement, of the exchange arrangements it intends to apply in fulfillment of its obligations under Section 1 of this Article, and shall notify the Fund promptly of any changes in its exchange arrangements. ( Under an international monetary system of the kind prevailing on January 1, 1976, exchange arrangements may include (i) the maintenance by a member of a value for its currency in terms of the special drawing right or another denominator, other than gold, selected by the member, or (ii) cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, or (iii) other exchange arrangements of a member's choice. © To accord with the development of the international monetary system, the Fund, by an eighty-five percent majority of the total voting power, may make provision for general exchange arrangements without limiting the right of members to have exchange arrangements of their choice consistent with the purposes of the Fund and the obligations under Section 1 of this Article. Section 3. Surveillance over exchange arrangements (a) The Fund shall oversee the international monetary system in order to ensure its effective operation, and shall oversee the compliance of each member with its obligations under Section 1 of this Article. ( In order to fulfill its functions under (a) above, the Fund shall exercise firm surveillance over the exchange rate policies of members, and shall adopt specific principles for the guidance of all members with respect to those policies. Each member shall provide the Fund with the information necessary for such surveillance, and, when requested by the Fund, shall consult with it on the member's exchange rate policies. The principles adopted by the Fund shall be consistent with cooperative arrangements by which members maintain the value of their currencies in relation to the value of the currency or currencies of other members, as well as with other exchange arrangements of a member's choice consistent with the purposes of the Fund and Section 1 of this Article. These principles shall respect the domestic social and political policies of members, and in applying these principles the Fund shall pay due regard to the circumstances of members. http://www.imf.org/external/pubs/ft/aa/aa04.htm

Article IV - Obligations Regarding Exchange Arrangements Section 1. General obligations of members Recognizing that the essential purpose of the international monetary system is to provide a framework that facilitates the exchange of goods, services, and capital among countries, and that sustains sound economic growth, and that a principal objective is the continuing development of the orderly underlying conditions that are necessary for financial and economic stability, each member undertakes to collaborate with the Fund and other members to assure orderly exchange arrangements and to promote a stable system of exchange rates. In particular, each member shall: http://www.imf.org/external/pubs/ft/aa/aa04.htm Article XIV - Transitional Arrangements Section 1. Notification to the Fund Each member shall notify the Fund whether it intends to avail itself of the transitional arrangements in Section 2 of this Article, or whether it is prepared to accept the obligations of Article VIII, Sections 2, 3, and 4. A member availing itself of the transitional arrangements shall notify the Fund as soon thereafter as it is prepared to accept these obligations. Section 2. Exchange restrictions A member that has notified the Fund that it intends to avail itself of transitional arrangements under this provision may, notwithstanding the provisions of any other articles of this Agreement, maintain and adapt to changing circumstances the restrictions on payments and transfers for current international transactions that were in effect on the date on which it became a member. Members shall, however, have continuous regard in their foreign exchange policies to the purposes of the Fund, and, as soon as conditions permit, they shall take all possible measures to develop such commercial and financial arrangements with other members as will facilitate international payments and the promotion of a stable system of exchange rates. In particular, members shall withdraw restrictions maintained under this Section as soon as they are satisfied that they will be able, in the absence of such restrictions, to settle their balance of payments in a manner which will not unduly encumber their access to the general resources of the Fund. Section 3. Action of the Fund relating to restrictions The Fund shall make annual reports on the restrictions in force under Section 2 of this Article. Any member retaining any restrictions inconsistent with Article VIII, Sections 2, 3, or 4 shall consult the Fund annually as to their further retention. The Fund may, if it deems such action necessary in exceptional circumstances, make representations to any member that conditions are favorable for the withdrawal of any particular restriction, or for the general abandonment of restrictions, inconsistent with the provisions of any other articles of this Agreement. The member shall be given a suitable time to reply to such representations. If the Fund finds that the member persists in maintaining restrictions which are inconsistent with the purposes of the Fund, the member shall be subject to Article XXVI, Section 2(a). http://www.imf.org/external/pubs/ft/aa/aa14.htm Article VIII (xi) exchange controls, i.e., a comprehensive statement of exchange controls in effect at the time of assuming membership in the Fund and details of subsequent changes as they occur; and Section 6. Consultation between members regarding existing international agreements Where under this Agreement a member is authorized in the special or temporary circumstances specified in the Agreement to maintain or establish restrictions on exchange transactions, and there are other engagements between members entered into prior to this Agreement which conflict with the application of such restrictions, the parties to such engagements shall consult with one another with a view to making such mutually acceptable adjustments as may be necessary. The provisions of this Article shall be without prejudice to the operation of Article VII, Section 5. http://www.imf.org/external/pubs/ft/aa/aa08.htm

The link below is to the CIA World Fact Book. You can look in the Guide to Country Comparisons, to compare countries GDP, exchange rates, population, etc… https://www.cia.gov/library/publications/the-world-factbook/rankorder/rankorderguide.html