Quietlearner

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June 7, 2011 Germany's Merkel, Obama open three-day summit Washington: German Chancellor Angela Merkel arrived in Washington for a three-day summit with US President Barack Obama, amid lingering differences over the dour world economy and Mideast policy. Obama and Merkel kicked off their visit away from the confines of the White House, with a dinner in the upscale Georgetown section of Washington. "They spoke for two hours," a source with the German delegation told AFP. "It was a nice conversation, in a relaxed atmosphere," held in the popular "1789," a cozy corner restaurant featuring American haute cuisine. Among their talking points were the crises in North Africa and the Middle East, the euro crisis, the world economy and German and American affairs, according to officials from the German delegation. Merkel, who will be feted during her stay at a lavish White House banquet, has been joined during her American visit by her reclusive chemist husband Joachim Sauer and several cabinet members. But German media noted that behind the pomp would be lingering strain over Berlin's decision in March to abstain in the UN Security Council vote authorizing military action to protect civilians in Libya. Germany, which has a non-permanent seat on the council, was the only European Union or NATO member to withhold its support. Obama told Berlin daily Der Tagesspiegel that he would now like to see Germany do more to help the international effort in Libya. "I look forward to discussing with the chancellor how we can enhance our work together to more effectively address the changes underway in the region, including in Libya," he said, in an interview published Monday. German Foreign Minister Guido Westerwelle said shortly after his arrival in Washington late Monday that the amicable start to the visit "shows that US-German relations are extraordinary." But he noted that lingering tensions between Berlin and Washington over some issues, notably Germany's decision not to join military action against Libya, in which Washington, Britain and France have played leading roles. "Of course, even closest friends sometimes disagree on some things," Westerwelle said. But he said Germany would "firmly" stick to its guns on the issue that has led to strained relations with its partners on both sides of the Atlantic. "You must not confuse our position on Libya with neutrality -- we want a political solution," the German diplomat said. "We are clearly against a dictator who has started a war against his own people, we want Libya to get a fair chance by (Muammar) Gaddafi leaving." Also on the agenda for Merkel and Obama is a discussion about the role of developing countries in the International Monetary Fund and whether it is a given that an American is always head of the World Bank and a European at the IMF. Germany strongly supports French Finance Minister Christine Lagarde for the IMF post vacated last month by Dominique Strauss-Kahn after the Frenchman was arrested and charged with sexual assault in New York. US Secretary of State Hillarious Clinton recently said she "personally" welcomed Lagarde's candidacy for the IMF leadership, although she noted the United States had not taken an official position. Mexican central banker Agustin Carstens has also thrown his hat in the ring, saying that becoming the next IMF chief would be a major victory for the entire developing world. Obama was also to award Merkel the Presidential Medal of Freedom during her stay. The honor was conferred in February to 15 prominent figures, but Merkel was unable to attend. The medal, the highest US honor that can be bestowed on a civilian, is given to people who have made significant contributions "to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors." http://www.channelnewsasia.com/stories/afp_world/view/1133708/1/.html

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GLOBAL CURRENCY NEWS: Look for updates on Asian Currencies, Middle East Currencies, Emerging Market Currencies, along with the Euro and the U.S. Dollar http://articlesofinterest-kelley.blogspot.com/

Tuesday, June 7, 2011 Iraq may cut oil output capacity goal -minister * Iraq may increase timeframes for contracts to 13-14 years * Oil minister says companies "will not be hurt" Vienna, Iraq is considering cutting its ambitious target to increase its oil output capacity to 12 million barrels per day and could renegotiate deals with global oil companies accordingly, its oil minister said on Tuesday. Abdul-Kareem Luaibi said the timeframes agreed with oil companies to reach output targets could be extended to 13 to 14 years from six to seven years under their existing contracts. "We are studying several scenarios for more economic production rates, we can reduce the production and increase the period to reach the plateau targets," Luaibi told reporters in Vienna. "For example, instead of producing 12 million bpd for 7 years, we can produce 8 million bpd for 13 or 14 years." Iraq signed a series of deals with international oil firms, after two bidding rounds in 2009, to try to boost its output capacity to 12 million bpd by 2017 from around 2.7 million bpd currently. Since then many analysts have questioned whether the country can achieve the 12 million bpd target in the foreseeable future because of infrastructure constraints. They say 6 million-7 million bpd is a more realistic goal. The contracts are production driven, and oil companies get fees for each barrel produced. Any deep cut to Iraq's overall target could mean the deals would need to be adjusted to accommodate lower production plateaus, which would mean lower returns for oil companies. Luaibi said the ministry had yet to approach oil companies over renegotiation, which would be done after the ministry draws up a final plan with its consultants. "In general, the oil companies will not be hurt ... We can increase the period to reach the plateau targets to 13-14 years," he said. (Reporting by Alex Lawler, writing by Rania El Gamal in Baghdad; Editing by Anthony Barker) (Vienna newsroom +431 715 1565) http://www.reuters.com/article/2011/06/07/iraq-oil-idUSLDE7561LU20110607

Hi Sara above is a link the long one on top. it is where my picture is. Im not sure how it got there and why it wont up load as a thumb but it is surely there for the entire world to see as it posted itself on the main gallery page????? Sorry Sara, I meant to tell you in my last post that the link is on the 9th page under my handle quietlearner. Thanks again.

Not to burst your bubble, but how would a regional private banker in a retail branch know anything about the underlying issues behind all of this? He isn't even in an impressive position at wells fargo, and please don't throw out titles like VP, Relationship Managers, and etc since to become a VP at a financial institution, all you need to do is fog a mirror. Maybe he has insider information that we do not know. Again, I'm just basing my statement on the tone of your post. I too a long time investor and holding a decent amount of dinar. Cheers. Read more: http://dinarvets.com/forums/index.php?/topic/68616-everyone-listen-and-listen-clearly/page__st__60#ixzz1NyHWkhgy In regards to your question. I would encourage you to call Sean and ask him these questions. I am aware that about a year ago the Wells Fargo Group decided to start taking the Iraqi Dinar a little more seriously and not only recommended but actually mandated that their Private Bankers (Wealth Management) division get up to speed immediately. Since then here in Southern CA. it has been fairly common place for this division with the bank to accomodate questions. I have found them to be very good sources of information. They are consistant with call backs and have actually called me with information on one instance. I really cant speak to the how things are being done away from my local area. I do know that you must have an account that is or exceeds 1.5 million standing balance to access this service at my branch. I need to clearly State that this stated number does not reflect each branch. It is adjusted from one branch to the next and is based on the contributions of the clients. Thanks for the response. If I can be of assistance, Im at your service---In the VIP room ofcourse

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In Re : The banks know nothing You picked a heck of a way to introduce yourself. I will now introduce myself. My name is Paul Lanphere and I am both a VET and Investor. I have been involved in the Investment for 5 plus years in the Iraq Dinar. I would like to assist you in the your education on you investment. 1. You need only go to the News Related section of this site to see that Citi Bank has merged with the Bank of Iraq. 2. You need to talk to the individuals that have invested in the investment. What I mean by this is the VIP section. If you put forth the effort to do this you will find that these folks are dealing in fact not bullshit. 3. Accusitory statement will make it difficult for you to survive this site as the senior members are time proven warriors and will most certainly have your head at every corner. 4. Below I have listed one of several contacts that will be happy to discuss the RV and all their thoughts on it. Sean K. Savoji, Private Banker Wells Fargo Bank 6001 Topanga Canyon Blvd. Woodland Hills, CA 91367 (818) 742 4932 Not sure where you are so I need to mention that this gentleman is on PST. Remebering that information is power I would encourage you to find good solid information. In my experiences I have found this sites VIP area to be filled with fact based information. This plus the outstanding character of the people I am encountering makes it a profound peice of fact pie in this insanely hot bakery. Hope you survive this round. See you in the VIP section. Queitlearner

Whats the tax liability on the wager? If I lose can I write it off ? will I need a reciept? at some point will I have to prove the wager? frank said the wager is dangerous.......... Blah Blah Blah........I just heard it RV-ed according to Okie........... Wish Jhonny Carson was here Im sure we could get a great clip out of this entire experience. Lets hope George is right, but I wouldnt bet a cent on it. Just having a little fun, whoops I better stop now before it gets outa hand and I actually laugh out loud. Have a great day. Join the VIP and step it up a bit. You will be fulfilled with fact. Queitlearner

Awesome post. My Grandfather was a wise old man. He explained to he once about how to eat an elephant. One bite chew a bit and swallow.... next bite chew a bit and swallow..... etc. Enjoy your elephant. I certainly will mine.

Welcome Chief, wanted to take a moment to thank you for your service. Your honor and dedication is admirable. I dont hang here to much but if you decide to VIP Ill see ya there.

Thank you all for the information. 15% is much more like it. I have infact had a solid estate plan and trust put in effect last year. My real property and such is in trust, however, the Dinar is liquid and I need to be clear on what I am doing with it. I have read OSI information as well as most of the information on this site. Just a little apprehensive when making a move of this magnitude. Thank you all again. Quiet Learner

Good Morning, I have been studying the US Tax codes for the past week. Wow, what a confusing mess. I have zeroed in on what seems to be call the Collectables tax. This I believe is 28% as oppossed to well over 40% capital gains. I am heavily invested in the dinar. Well over 140,000,000.00. I single. Kids are grown up. I have no shelter other than my LLC which at this point Im not sure if I should be putting the Dinar in it. Help please.

Anyone called KBR Haliburton. I did. Just got off a Sat call with a garbage man (Gary Johnson) on his 6th year contract. Is and has confirmed this rumor. Feel free to check the staff directory for confirmation. Should be an interesting 24 hrs. By the way I think if you check this is consistent with the way the RV happened in Kuwait?

Im sorry you are offended by these folks statements, but as a advanced member is it really necessary to use ignorant, stupid and uneducated. Many of these folks are new and Im sure have no idea what other currencies are worth or even how they come to their respected values. There are no dumb questions. Information is power. You have a little more information than these folks. Do you beat them with it or teach them with kind understanding? Advanced member? come now and Im just a New Bie.

I just upgraded to VIP. 3 months your system has not recognized my upgrade,however,my card has been charged!!" Of the zRV happens before I can get on the SMS list. Will you refund my money. This is not the time for this. I attempted to save. My confirmationas a bookmark. By when I go back to it it shows an error.Message help please.