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  1. In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008. "I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake." Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born. "I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'" Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves." Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one. "It'll happen again if we don't take the appropriate steps," Born warns. "There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience." very interesting documentary "THE WARNING"
  3. Nibiru, to the Babylonians, was the celestial body associated with the god Marduk. The term "Nibiru" comes from the Sumerian cuneiform tablets and writings dating 5,000 years old. The term Nibiru means "Planet of the crossing", and it's cuneiform sign was often a cross, or various winged disc. The Sumerian culture was located in the fertile lands between the Euphrates and Tigris rivers, at the southern part of today's Iraq. Some may remember the postings I have done on the occult symbolism on the Iraqi Dinar 25,000 note. If so you will recall that the actual image of Marduk (Nibiru) is hidden in a shadow off to the left side of the note...he is there ever present but lurking in the shadows to the side. I think that the connection of the image of Marduk and the connection with Nibiru (Planet X) that was made by the ancient Babylonians and the fact that the image is right the shadows on the Iraqi Dinar perhaps may be more than coincidence. What if? What if we are being warned? What if we were also being given the "means" to heed this warning? Could it be that right on the Iraqi Dinar is the subtle hint or warning of the approach of Nibiru (Planet X) in the shadows and that the Iraqi Dinar itself provides the "means" for preparation and escape from the approaching dangers of Marduk (Nibiru)? What if the the governments of the world know full well that this is about to happen and knowing they could never tell the public the truth without the threat of total societal break down came up with a subtle plan of action? To give the average man a fighting chance? Maybe this was some kind of veiled act of benevolence for the masses from the powers that be? To give those who were smart enough or in tune enough to see the warning for what is.....a fighting chance? Even the illuminati have to sleep at night. The Jesse Ventura 2012 video even said they know that billions of people are about to die but they only want people who have "perception" to survive. They only want the smart ones to survive...those with keen perception...those with the will and strength to survive. Not everyone will be ok.....and that is just the way it is. But how to do such a thing? Here is a picture of the 25,000 note that shows Marduk. Now you will notice that Marduk (Nibiru) is hidden behind a dark shadow. This shadow is in the shape of an ellipse. The known orbit of Nibiru is elliptical as can be seen in the picture below: Now you will notice something else on the 25,000 note...the elliptical orbit that contains Marduk on the note touches the top of a structure. That structure on the edge that the orbit is touching is crumbling. (Destruction) Also to the left you see the orbit of Marduk touching the Lion of Babylon and you will notice the legs of a man under the lion. The lion has pounced upon the man and killed him! (Death) So right on the front of the Iraqi Dinar we see the image of Marduk (Nibiru) within an elliptical orbit touching down upon the Earth and where it touches we see the destruction of buildings and violent sudden death of men!~ ~Death and Destruction!~ Coincidence? Or subtle veiled warning for those who have the eyes to see? What if? asdf "He who has eyes to see, let him see, and he who has ears to hear, let him hear." Proverbs 22:3 "A prudent man sees danger and takes refuge, but the simple keep going and suffer for it" You will also notice on the front of the note the "Pale Horse" (White). The Pale Horse is seen on the wall that is damaged by the elliptical orbit of Nibiru and also as the water mark. Does this also depict the start of the "4 Horses of the Apocalypse"? 6:1 I saw that the Lamb opened one of the seven seals, and I heard one of the four living creatures saying, as with a voice of thunder, "Come and see!" 6:2 And behold, a white horse, and he who sat on it had a bow. A crown was given to him, and he came forth conquering, and to conquer. 6:3 When he opened the second seal, I heard the second living creature saying, "Come!" 6:4 Another came forth, a red horse. To him who sat on it was given power to take peace from the earth, and that they should kill one another. There was given to him a great sword. 6:5 When he opened the third seal, I heard the third living creature saying, "Come and see!" And behold, a black horse, and he who sat on it had a balance in his hand. 6:6 I heard a voice in the midst of the four living creatures saying, "A choenix of wheat for a denarius, and three choenix of barley for a denarius! Don't damage the oil and the wine!" 6:7 When he opened the fourth seal, I heard the fourth living creature saying, "Come and see!" 6:8 And behold, a pale horse, and he who sat on it, his name was Death. Hades followed with him. Authority over one fourth of the earth, to kill with the sword, with famine, with death, and by the wild animals of the earth was given to him. 6:9 When he opened the fifth seal, I saw underneath the altar the souls of those who had been killed for the Word of God, and for the testimony of the Lamb which they had. 6:10 They cried with a loud voice, saying, "How long, Master, the holy and true, until you judge and avenge our blood on those who dwell on the earth?" 6:11 A long white robe was given to each of them. They were told that they should rest yet for a while, until their fellow servants and their brothers, who would also be killed even as they were, should complete their course. 6:12 I saw when he opened the sixth seal, and there was a great earthquake. The sun became black as sackcloth made of hair, and the whole moon became as blood. 6:13 The stars of the sky fell to the earth, like a fig tree dropping its unripe figs when it is shaken by a great wind. 6:14 The sky was removed like a scroll when it is rolled up. Every mountain and island were moved out of their places. 6:15 The kings of the earth, the princes, the commanding officers, the rich, the strong, and every slave and free person, hid themselves in the caves and in the rocks of the mountains. 6:16 They told the mountains and the rocks, "Fall on us, and hide us from the face of him who sits on the throne, and from the wrath of the Lamb, 6:17 for the great day of his wrath has come; and who is able to stand?"
  4. A photo reportedly showing a dead Osama bin Laden is already making its way around the Internet ... but it seems pretty obvious ... the photo is a FAKE. The image on the left is an ALTERED version of a famous photo of bin Laden. The White House has NOT released an official death photo of the corpse ... yet. An official has told CNN ... REAL photographs of Osama's body exist ... which show a gunshot wound to the side of his head. The official says due to the wounds, bin Laden's face is "unrecognizable."
  5. Iraq and the protection of funds abroad. For anyone who has followed Iraq's progress and witnessed how far they have come, you'll find the timeline below interesting. If you will recall, in 2009 and 2010 Iraq reported that they were going to open accounts for the transfer of their funds from the existing development fund to a private account. It was reported in 2009 that they would keep their funds in the U.S. Federal Reserve Bank under a different name (remember what a big deal that was and also reassuring). Anyway, It's awesome to know that Iraq is approaching the finish line. The next step we are waiting for is the response and approval from the United Nations on the report submitted regarding the 2 new bank accounts and the UN Development Fund for Iraq. (kel) The Iraqi government opened two accounts at a U.S. bank for the deposit of oil money Baghdad, An adviser in the Iraqi government Wednesday, that Iraq chose U.S. Bank for the deposit of oil revenues. Salam al-Quraishi, a Kurdish news agency, "The Iraqi government opened two accounts in one of the well-known American banks for the deposit of the proceeds of Iraqi oil from companies that deal with Iraq." He added that "accounts will be protected by the Board of oil reserves to prevent the trade creditors to provide the courts against the Iraqi funds in and out of the general plan by Iraq to pay its creditors." He noted that "the Iraqi government completed its plan for the protection of Iraqi money which will be presented to the Security Council in June will close an account the next Development Fund for Iraq, which depends upon Iraq at the present time financial trading." And that "the Iraqi government instructed the Central Bank to supervise the process of transforming Iraq's account of the Development Fund accounts to the government." She Paradise economic fears in the House of Representatives from the inability of the committee formed for the protection of Iraqi funds after June next meet in the task of trade creditors in accordance with the Paris Club agreement. The Paris Club is an informal group of financiers from 19 countries of the world's richest countries, notably the United States, Britain, Australia, Italy, Japan, the Netherlands, Germany, Ireland, provides service to cancel debt for debtor and creditor countries. The IMF had identified the names of those States, after alternative solutions have failed, with the change of methods of payment of outstanding debt. Revealed the Iraqi Finance Ministry on the seventh of January last, the work of the Committee to Protect Iraqi funds abroad will be secret, to avoid the fictitious companies which Iraq claims it requests funds. The Ministry of Finance of Iraq, the first of January last that the Commission on technical government took over the development of mechanisms to protect Iraqi funds in foreign banks, after the UN Security Council resolution mid-November last, who spent lifting of protection for the money to Iraq the end of June next. The UN Security Council voted unanimously in mid-January last three resolutions concerning the lifting of the embargo imposed on Iraq on the import of nuclear material for peaceful purposes, and cancel the oil for food program, also extended the immunity of and for the last phase compensation imposed under Chapter VII until the end of June / June. The former Iraqi president Saddam Hussein ordered the invasion of Kuwait in 1990, and the impact of sanctions imposed on Iraq from the international community and put under Chapter VII, which makes it a country threatening world peace and security. Included international sanctions prevented the import of chemicals, nuclear technology that could be used in a secret nuclear programs, chemical and biological weapons. Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called "oil-for lunch." A source in the Office of Financial Supervision by the agency reported, "Nina" news: The Court Chief Abdul Basit Turki, who arrived in Paris at the head of the delegation of Mali will participate in the meetings along with delegations from the United Nations and the International Monetary Fund, the Arab Monetary Fund and the Committee of Financial Experts Iraqis. Approval of the government report on the Development Fund for Iraq Baghdad morning Council of Ministers approved the report of Iraq on the transition to successor arrangements to the Development Fund for Iraq, to ​​be presented to the UN Security Council for discussion and adoption of the beginning of next July in preparation for the exit of Chapter VII resolutions. He said government spokesman Ali al-Dabbagh said in a statement yesterday that this endorsement comes in order to protect the people's funds to repay debt and to meet international obligations and the completion of items that resulted from Iraq as a result of previous policies, with the adoption of fully automated to ensure the protection of Iraqi funds after the expiration of the mandate of the Development Fund for Iraq the end of 2010 in preparation for the exit of Chapter VII resolutions. Dabbagh said in the statement which was received by the (morning) that "a special account on behalf of the Iraqi government will be launched in the United States to receive all revenue and funds belonging to the Iraqi state, that the Iraqi Central Bank managed in full without any international trusteeship, with the allocation of 5% of oil revenues to fund Compensation Kuwait, according to Iraq's international obligations. "According to Skinner," displays this report to the members of the UN Security Council for discussion and adoption of an international resolution to begin in July 1, 2011, to begin a new era in Iraq's role regionally and internationally. "Meanwhile, began in the French capital Paris on Monday work of the regular meeting of the International Advisory and Monitoring to discuss the report on the accounts of the Development Fund for Iraq. A source in the Office of Financial Supervision by the agency reported, "Nina" news: The Court Chief Abdul Basit Turki, who arrived in Paris at the head of the delegation of Mali will participate in the meetings along with delegations from the United Nations and the International Monetary Fund, the Arab Monetary Fund and the Committee of Financial Experts Iraqis.
  6. April 27, 2011 Too many zeroes: iraq plans to change currency The Iraqi government plans to chop three zeroes off the national currency. It should make transactions easier and enhance the exchange rate. But local economists are not sure the country is ready. Recently the Iraqi government announced that they were close to completing plans for re-denomination. Three zeroes will be removed from Iraq’s currency, the Iraqi dinar or IQD, and old banknotes will gradually be phased out. For example, this would make an IQD 1,000 note into an IQD 1 note. Currently IQD 1,000 is worth around €0.60 and US$0.85. Logically speaking, re-denomination does not change the value of a currency nor should it cause inflation. It should make currency easier to use and increase its credibility. Re-denomination may also be a matter of political expedience. For example, when Turkey announced a re-denomination in 2005, the country’s central bank explained that extra zeroes on their banknotes meant “problems in accounting and statistical records, data processing software and payment systems”, adding that the move to cut them was “psychologically and technically essential”. Re-denomination can usually only be undertaken once inflation is under control and over the last few years, inflation in Iraq has dropped from over 30 percent to single digits. Nonetheless Iraqi opinions about the planned change remain divided. Qasim Jabbar, an economic researcher, is concerned about the psychological impact the removal of three zeroes will have on locals. Additionally Jabbar does not think the time is right. “We must create a stable environment in political, economic and legal terms, in order to control the conditions during the transition period to a new currency,” he explained. “This is necessary in order to ensure that the transition is not manipulated by government departments and in society in general, where there is rampant corruption.” Jabbar was also worried about the absence of a central authority that was truly capable of controlling the Iraqi currency market. He believed that the psychological problem will be people “focusing on the change in numbers, rather than in real value”. By rights, re-denomination should not impact the actual value of a currency; it should still buy the same goods as it did before for the same prices. “But a person with IQD 10 million will feel they have lost a fortune when the zeros are removed,” he noted. Re-denomination is nothing new. “Many countries, such as Turkey and Germany, have also taken this step,” another Iraqi economist Kareem al-Halfi said. “But this doesn’t mean that the Iraqi experience will be like that, of those nations. Iraq has serious structural problems and high rates of unemployment. These problems cannot be solved in the short term and we need to create the economic conditions necessary to allow re-denomination.” According to Mothahhar Mohammed Saleh, an advisor to the Central Bank of Iraq, which was established in 2004 to administer monetary policy in Iraq, the impact of re-denomination could have both positive and negative effects. Firstly, a reduction in the large amount of currency in circulation – there is an estimated IQD 27 trillion in circulation – could have a negative impact on everyday transactions, he said. For example, one previously recorded impact in other countries has included the rounding up (or down) of prices due to re-denomination. On the other hand, the currency will become far easier to use. “In the wholesale sector, goods are being traded using US dollars.” This process is known as “dollarization” and occurs when a country uses a foreign currency, in parallel to or instead of, its own currency because it is seen as more stable and subject to fiscal disciplined. Anyway, according to Saleh, “this change will not be introduced hastily. It will only be introduced when inflation is under control - and after parliament and the Iraqi cabinet has gone through legislation thoroughly. They will then decide how the [re-denomination] law will be implemented.” As Saleh said, “the Central Bank is proceeding cautiously in this matter because it realizes re-denomination could cause economic problems if implemented in haste.” The IQD was first introduced in the early 1930s and was pegged first to the British pound, then the US dollar. After Iraq’s invasion of Kuwait, under the leadership of Saddam Hussein, strict economic sanctions saw the value of the IQD drop. By the mid-1990s, IQD 3,000 was worth around one US dollar. In order to make purchases in Iraq, huge amounts of cash were needed. An IQD 25 note was the highest denomination available so to make life easier, the government introduced an IQD 250 note. After the American-led invasion in 2003, the Iraqi government issued even more notes with higher values. IQD 25,000 notes were now the highest value. The average person on the Iraqi street said they would be happy to see the IQD stabilize further. But they are also afraid that the lopping off of zeroes will have a negative impact. Baghdad merchant Abdul Amir trades in food products and when he deals with wholesalers he prefers to use US dollars because then he doesn’t have to carry as much paper around. “Large transactions require millions of Iraqi dinar. If I use foreign currency, I don’t need as much,” he explained. “But when it comes to daily transactions, I don’t mind using the dinar.” As to his thoughts on the planned re-denomination, Amir had only questions: “Would there be a loss expected? Would the market be controlled to guarantee its stability?” he asked. Government employee Sabah Daoud raised further questions: “Would the Iraqi dinar rise against the dollar? Would my salary be worth the same, with and without the zeroes?” He wanted to see more research on the impact of such a step on the average Iraqi citizen. Currently the Iraqi government seems set on losing the extra zeroes, those digits that have become such a burden on the dinar. But the road toward this goal is a difficult one. And it is just one stop along an even longer road, the one leading toward prosperity and steady, stable economic growth for Iraq. Niqash: briefings from inside and across Iraq ~〈=0
  7. April 29, 2011 Iraqi dinar is trying to get rid of Ocefarh ... But!! Baghdad / Orr News Fear economic researcher Qasim Jabbar from the tyranny of monetary illusion in the event of psychological delete three zeros from the Iraqi currency, considering that the general situation does not allow it now. Iraqi dinar, which began his career in the thirties of last century and equated during the seventies three dollars, after the deterioration of Iraq's invasion of Kuwait in 1990 and the imposition of United Nations economic embargo tough, to lose its value rapidly and up to 3000 dinars per dollar mid-nineties. And after it had been Iraq's currency is printed outside the Government launched the Iraqi inherently internally, in an attempt to accommodate the cash the huge been issued new bank notes worth up and after that was 25 dinars figure the Great, was printed paper reviews the category of 250 dinars, which were not equal, in fact, more than 25 fils JD from the seventies. After the year 2003 issued new Iraqi dinar denominations larger to facilitate the daily transactions, making the 25 thousand dinars, the biggest Iraqi currency now (the U.S. dollar is equal to 1120 dinars), but this price is still far from the ambition of the Iraqi citizen, is the deletion of zeros, the fastest way to raise the exchange value of local currency against the dollar. And justifies the powerful position the negative toward the deletion of zeros of the Iraqi currency to "the need for political stability, economic and legal capacity to control the overall situation during the transition to the new currency", to ensure non-exploitation "because of the corruption rampant not only in government departments but also in society in general." The monetary illusion psychological "Vsirkz that the value of the currency will vary in terms of number and not the real value, and will highlight the problems of high price level because there is no power able to rein in the Iraqi market," On the other hand, "the person who has the ten million would think that he has lost this amount After you delete Asfarh." And varied views of economists interviewed by "talk" between welcome the decision because it is not new in the economic arena, but rather "has preceded us, several countries such as Germany and Turkey," according to economic researcher cream Hilfi. But this does not mean that cloning experiments are those countries where it is supposed that "the objective conditions are provided for the implementation of the process," because Iraq is "suffering from structural economic problems and high rates of unemployment, these problems can be solved only in the long run." Iraq today is suffering from significant problems have negatively affected the economy in case the zeros of the banknote with a thousand dinars will turn into a category of one dinar, and in this case, the change will be negative and positive directions. What he sees as the first adviser to the CBI the appearance of Mohammed Saleh is to "reduce the mass of the large cash amounting to about 27 today trillion Iraqi dinars," a negative impact on people's daily trading and banking." The second comes from the effect of reducing the money supply and therefore the return of the Iraqi trader to carry the currency of his country that finds it difficult to trade, "is contrary to what is happening now in the domestic market" where they are trading goods in the wholesale market in the U.S. currency while the equality of paper percent dollars to about 118 000 Iraqi dinars. " Saleh denies that the transition quickly as some people think it will not only "economic terms that reduce the size of the inflation, after a thorough study write in the form of law brought to the Council of Ministers and then to the House of Representatives, who will decide the implementation or not," indicating that the central deal with this issue "cautiously and carefully as it may cause economic problems in case of hasty implementation." Iraqi street, in turn, is closely watching the movements during the last period Dinarh exchange rate against the dollar and encourage high value against other currencies, but at the same time, fear of losing as a result of the deletion process. Seller food markets of Baghdad, one would prefer not to deal in Iraqi dinars in its dealings with wholesalers in Iraqi dinars, he would prefer to carry the American dollar being smaller. "Lack of volume of foreign currency," says Abdul Amir "is the reason behind the preferential deal in the event of large deals that require millions of dinars," and not deal daily routine, either raise the zeros do not find the answer immediately on the subject, only more questions about the size of the expected loss Will there be a control on the market to ensure stability. The employee in one state departments morning David conditioned the project feasibility study on the citizens first before it is direct it, raising further questions P "Will raise the value of the Iraqi currency against the dollar is real?" And also "Do I get the same real value of the salary that you Get it zeros and without it? ". It appears from where we stand today that the Iraqi dinar is willing to disarm Ocefarh which overwhelmed, but the road remains long, Vartdae dress inflation and the deterioration of the value needs to be a long time to change gown prosperity.
  8. "The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector" 29/04/2011 Central Bank urges the government reform the tax system in the country Baghdad, A central bank, the Iraqi government to sweeping reforms of the tax system and improve the performance of the Department of Taxes in the country. The central bank adviser said the appearance of Mohammed Saleh told the Kurdish news agency Friday, said that "the tax system in Iraq, not backward rise of the responsibilities granted by the Ministry of Finance, which cause great economic problems." He added that "reforming the tax system in Iraq is aimed at creating an atmosphere of citizenship and removal of the conditional method, which is characterized by the device is evident in his handling of the tax with the citizens." He said the "decline in hard currency to buy and sell customers come because of fear of government and private banks to deal with a state tax because of its decisions that lack of flexibility." He revealed the Iraqi Central Bank on Thursday, a decline in hard currency sales from $ 150 million to $ 50 million a day because of the problems faced by clients in the private banks and government disclosure concerning the tax. He continued that "there are several problems facing the advancement of the tax in Iraq, most notably the tax system in Iraq Aerai economic changes taking place in the country, which increases the momentum of economic problems." He revealed the CBI alleged that the value of tax to balance in 2011 amounted to 2.7 trillion Iraqi dinars. The sector has witnessed in Iraq, taxes nearly ceased in recent years because of the economic turmoil in Iraq and the security situation, the tension which led to limit the tax system on the sector staff, merchants and traders only. And select the CBI 250 billion dinars as a minimum for the establishment of private banks in the country. The House of Representatives its first session legislation to the Banking Act in 2007to organize the work of private and state banks. And the central bank of Iraq last February that he would give the number of licenses to establish private banks confirmed that the increase in banks will enhance the economic role of the country. He denied the central bank in June 24 that the development of Iraqi private banks according to risk is confirmed by the Ministry of Finance down. The total capital of Iraqi private banks one billion and 600 million dollars now, other than bank branches owned by Arab and foreign companies operating in the country. The CBI said, last Wednesday, that high inflation is 0.01 a month in November, compared with this last month will not affect the value of the Iraqi dinar. The main tasks of the Iraqi Central Bank to maintain price stability and the implementation of monetary policy, including exchange rate policies, and manage the reserves of foreign currency, and the issuance of currency management, as well as to regulate the banking sector.
  9. April 30, 2011 Iraq: the deletion of zeros from the Iraqi currency would overcome all the difficulties of economic Palm - saw an MP for the Iraqi List, reproach the league that the process of deletion of zeros from the Iraqi currency to work through all the economic difficulties, especially after the case of hyper-inflation experienced by the country. The league said in a press statement today: The announcement of the Iraqi Central Bank Governor for putting the final touches to the process of lifting the zeros from the currency is one of the things in support of the Iraqi economy and reduce inflation, currently exist. The governor of the Central Bank came to the House of Representatives earlier and discussed with the deputies, the subject of the Iraqi economy and the deletion of zeros from the dinar. Central Bank of the process of finalizing the draft raise three zeroes from the Iraqi dinar Palm - The Central Bank of Iraq, on Tuesday, he is about to finish the project raise three zeroes from the currency, noting that the project is considered strategic, and submitted to the Council of Ministers and legislators if completed. The central bank adviser said the appearance of Mohammed Saleh during permit media raising project three zeros from the dinar is a strategic project and the Central Bank is in the process of finalizing the project, the idea of ​​theory into practice, and is nearing completion, and submitted to the Council of Ministers and Deputies. The benefit that this project will reduce the cost of transactions and reduces the carry cash, he said, adding that Iraq is on the verge of producing 6 to 12 million barrels of oil and this will impact on the development and raise the value of the Iraqi dinar. The adviser to the Iraqi Central Bank said the bank has achieved three things during the last stage, as the first building reserves from zero to $ 50 billion, within the past five years, reduce the price of the basic inflation from 34% to 4 or 3%, and achieved stability in the Iraqi dinar exchange. He was adviser to the CBI the appearance of Mohammed Saleh, said in an interview earlier the bank's readiness to delete the zeros of the Iraqi currency, pointing out that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars. On the other hand, revealed adviser to the CBI, said Iraq enter for the first time a system of payments between banks has been the transition to electronic clearing away from the hand and entered into by the six banks and the exchange of instruments between banks electronically and will link the smart card and credit system with the Central Bank. Continued by saying that the central bank would be three years after the so-called Council of the payments, which sets protocols and is the infrastructure of Iraq. Previously, specialists Iraqis in the field of economics that played down the impact of the central bank to delete zeros from the currency the purchasing power of the Iraqi dinar, also hopes the government from behind the move, as the view of researchers that the cost of lifting of the zeroes will be the biggest of its usefulness, given that the currency's strength is measured by the stability of disbursement which is based on the strength of the productive sector can provide goods and services.
  10. April 24, 2011 It's unfolding just like we told you it would in our American Apocalypse video ... Just this morning, S&P warned that U.S. debt is so shaky - and our leaders are so helpless when it comes to cutting spending and deficits - it has cut its outlook to NEGATIVE. In plain English, S&P may soon have to officially DOWNGRADE our nation's credit rating! Here's what this bolt out of the blue means to you - and what you must do now to insulate your wealth AND YOUR FAMILY as this great economic cataclysm unfolds ... It's almost over - are you ready? When the world's investors stop loaning America money, the entire façade of recovery that Washington has created comes crashing down. The bond market craters. Interest rates explode. The dollar goes into free fall. Your cost of living explodes. And America is unceremoniously replaced as the world's leading economic power. This morning, our country has taken a step in that direction: Standard & Poor's downgraded the outlook for United States government debt to negative. Almost immediately, gold exploded to just under $1,500 per ounce - another all-time record high. Silver skyrocketed, too - shooting up to over $43 per ounce - just an eyelash short of its all-time high. The Dow plunged 200 points at the open. The S&P 500 and Nasdaq fell in tandem. Longer term treasuries plunged and yields jumped higher. The key reason: S&P's announcement that it had turned negative on U.S. government debt. In Standard & Poor's credit analyst Nikola Swan's own words: "More than two years after the beginning of the recent crisis, U.S. policymakers have still not agreed on how to reverse recent fiscal deterioration or address longer-term fiscal pressures." We saw this coming. On May 10, 2010 - nearly a full year ago - Dr. Weiss issued a major release challenging S&P, Moody's and AM Best to tell the truth about U.S. government debt; to give it the rating it deserves: To issue an immediate DOWNGRADE. So far, all three of the major ratings agencies have been too gutless to even respond to his challenge. Today's announcement by S&P is a step in the right direction - but still falls far short of what's needed to warn investors about the true dangers in U.S. government debt. We also saw this coming when we produced American Apocalypse - our new video we created to help you protect your family and your wealth. If you've seen it, I strongly recommend that you watch it again and take the actions we prescribe in the video. If you haven't seen it, you owe it to yourself and your family to do so immediately. Just click this link and the video will begin playing immediately. <A href=""></A> Best wishes, Mike read more articles @ <A href="[/size">[/size</A>]
  11. Snip ~ *The Chinese Yuan - for Asian-Pacific region, *the Indian Rupee - for South Asia, *the South-African Rand for Africa. *The countries of the Middle East are planning to establish their own regional currency – Dinar. *The US Dollar may turn into the regional currency of the Western hemisphere. April 21, 2011 What are the perspectives of the US Dollar as the global reserve currency? One of the most scandalous and at the same time most successful investors in the world and a billionaire George Soros said during the recent “Bretton Woods II” conference that “the role of the US Dollar as the global reserve currency is gradually declining (its global circulation is declining as well). According to George Soros, it is necessary to find an alternative currency that could replace the US Dollar in the global financial market. The Bretton Woods Agreements of 1944, that made the US a world currency, is outdated and needs to be replaced. Is the US Dollar really losing its popularity as a global currency? What currency can replace it? Should it necessarily be the currency of some particular country or alliance like the EU? These questions have been analyzed by the experts of Masterforex-V International Trading Academy. Is the US Dollar really a reserve currency? What is a reserve currency? This is the currency of a certain country used by the central banks of most countries to compose their currency reserves. A reserve currency is used for international payments, as an investment asset, and in order to define the parity of other currencies. The following currencies are used as global currencies: the US Dollar (USD), the common European currency (EUR), the Japanese Yen (JPY), the Swiss Franc (CHF) and the British Pound (GBP). In principle, the USA as the emitter of the global reserve currency strives to maintain the stability of the US Dollar and to avoid the balance-of-payment deficit. Nouriel Roubini, a Nobel prize winner, anticipates the decline of the US Dollar because of the USA’s huge balance-of-payment deficit and record sovereign debt. In mid-term perspective the US Dollar is expected to lose 15-20% of its value, especially against the so-called commodity currencies. It should be noted that Nouriel Roubini managed to foresee the latest financial crisis. The amount of the uncovered paper dollars is growing. In 2005 there was $ 760B in global circulation. In late 2008 the amount reached $ 875B, 2/3 of which circulated outside the US. According to Robert Kiyosaki’s estimations, over the last 3 years the Fed Reserve has printed more paper money than over the entire remaining period if its existence. Dr. Marc Faber, who is author of the Gloom, Boom and Doom report, forecast the total devaluation of the US Dollar within the next 10 years: in order to finance the huge budget deficit the Fed Res needs to print money all the time. The lending volume in the USA is several times higher than the GDP volume. The Financial Times reports that USD as the global reserve currency has created a dangerous imbalance in the world: other countries and central banks that have included the US Dollar and various US securities into their currency reserves have become the “hostages” of the US Administration. The USA’s sovereign debt is growing exponentially. Over the last 6 years it has grown by almost 150% - from с $ 8B in 2005 up to $ 11B in 2011. Reputable American investors, including W. Rogers, the founder of Quantum Fund, P. Shiff, the head of Euro Pacific Precious Metals, J. Christian, the CEO of СРМ Group, and many others warn the global community in the СРМ Group” investment bulletin that in 2011-2012 the US will face a new series of major economic shocks. Last year China, which is the world’s biggest holder of the US T-bonds ($1,175B), started reducing the volume of the US T-bond purchases, preferring gold and the currencies of some developing countries. Almost all the factors confirm that the US Dollar cannot be the global reserve currency any more. Can the entire world abandon USD? Is there an alternative to the US Dollar? Currently there is no alternative to the US Dollar as the global reserve currency. For example, Nouriel Roubini thinks that no other major currency will be able to replace USD within the next 20 years: Euro-zone has difficult times while the economies of Japan, Great Britain and Switzerland are not as powerful as the American one. So they cannot ensure the stability of the global reserve currency. The Chinese Yuan is only getting ready to become a global currency. According to some experts, this process may take up to 10-15 years as the Chinese currency is not liquid (flexible) enough. China is not interested in the fast revaluation of the Yuan as it will seriously damage the export-oriented Chinese economy. The global reserves of gold are insufficient to get back to the Gold Standard Michael Wexler of Maple Leaf Capital notes that over the last 1500 years before the US Dollar became the global reserve currency, numerous currencies acquired this status. The US Dollar came up to take the place of the weakened British Pound. According to historical data, the global reserve currency is changed every $50-150 years. So, Wexler assumes, that USD still has 30-40 years. Among those counties that are the main holders of the US debt liabilities (including China, Russia and Japan) no one wants the US Dollar to stop being the global reserve currency because it will automatically devalue their reserves. The US Administration is also not going to deprive the US national currency of the status because thanks to that they have an opportunity to cover a significant share of the budget deficit and to maintain the competitiveness of the American corporations in the international arena. What can replace the US Dollar? Numerous scientists and practitioners have been disputing for a long time over what could replace USD. Economists usually address politicians to help them as there shouldn’t be any pegging to the currency of a certain country. That is why a political solution is needed. However, the relations between the world’s leading powers are far from being unclouded, and they are unlikely to change for the better in mid-term perspective. All the suggested variants have their weak spots: _SDR. The IMF’s monetary unit. It is not a currency and is based on the currency basket, including USD. _Gold. It is the most reliable equivalent but it is not enough for all the countries. _Crude Oil. During the Bretton Woods II conference George Soros said that oil is today’s full-fledged equivalent of the global currency. The problem is that these days the price of crude oil is expressed in dollars and mainly reflects the state of the US Dollar, which compensates the weakness of USD. _Other currencies. We have just mentioned the Chinese Yuan – this is the matter of the distant future. Some experts say that in the near future the US Dollar may be replaced by regional currencies: _The Chinese Yuan - for Asian-Pacific region, the Indian Rupee - for South Asia, the South-African Rand for Africa. The countries of the Middle East are planning to establish their own regional currency – Dinar. The US Dollar may turn into the regional currency of the Western hemisphere. In any case, the currencies of the developing countries will become more significant in the international arena. They used to be borrowers. Now they lend loans to the world’s leading economies.According to the Department of studying Masterforex-V trading system , theoretically the current situation in the US should have caused significant price hikes in the country. However, USD is the world’s main reserve currency and the payment unit in the global trade. That is why the inflation that should have emerged in the US just spread over the entire world.This is what they call “the export of inflation”. As most products are traded in dollars, the participants of the global market express their concerns over the USD exchange rate through reconsidering the prices on the major market products – commodities, agricultural products and financial assets – of other countries, mainly the developing ones.
  12. Iraq May 16th ~ Iraqi parliament a package of legislation will end the middle of next May 16th April 2, 2011 Iraqi parliament a package of legislation will end the middle of next May Baghdad, The deputy from the Kurdistan Alliance bloc said on Saturday that there is a package of laws which will end the Iraqi parliament mid-May next, stressing that the Council's functions are many and accomplished little. He said Mahma Khalil told the Kurdish news agency (Rn) "The functions of the House of Representatives are many and accomplished little during the seven months that began in his works," noting that "the Board did not begin during this period only four laws only law on the federal budget the General and the law of the Vice-President of the Republic The abolition of the law Ahdab fields, as well as the Convention on the Law of the Iraqi-Turkish. The House of Representatives had previously initiated 20 laws in 2010, to turn the march four years has been marred by controversy and political differences. According to politicians and fellow travelers, the enacting of laws has not lived up to the level of ambition of Representatives themselves. Khalil said that "there are significant laws for the Iraqi people, including the law of parties, oil and gas and the law of journalists and investment", he stressed that "these laws are important to the Iraqi street and have an impact on the general economic situation of citizens," pointing out that "there are no mechanism to make those laws, accusing the presidential impeachment. The differences revolve around the four annexes to the oil and gas law. Oil Ministry says that the Annexes I and II should be the share of the national oil company, while calls for the Kurdistan region to view all the supplements for investment. In the view of most legislators, politicians and researchers in the field of economy and investment as long as the oil ministry has already offered to producing fields and discoveries of the investment, the controversy is purely political. He has no legal existence. Khalilzad said, saying that "there is a message was clear from a number of deputies from different political blocs had issued a statement calling on the work of the Presidency to make laws that serve the common good of the people because they can not afford delay," adding that "the events taking place in Iraq since February 25 last lobbied the government and still. Khalil said that "the mass, and some political blocs and the parliament have the seriousness and the desire to put pressure on the Presidency with a view to legislation important laws and the stage of the last session, which tune the demands of the Iraqi people", But he also said ... that "the next few days will see the legislation a package of laws, until May 16 next must to end the House of Representatives of important laws. " 80 deputies from several blocks threatened in March 9 last suspend their membership in the House of Representatives in the event of the continuation of its current lack of legislation and laws, calling for the adoption of the laws of the last session is completed. peekaboo i see you
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