Saved

Thanks Yota , Great find and what a way to start the week off ! If only it could happen today .................. Please LORD and go RV

We have a Trinity River here in Texas , have you been drinking from it ? Ha Ha

Thanks Magnisx ! I love ending the week with a "Glimmer " of hope ( I said Glimmer ) right , you know " Stardust " Who know one day , someday Okie will be spot on Ha

Guess you missed the " Sean Hannity Show " the other night also , talk about a real eye opener !!!!!

Thanks Thug , as always Great work you do for us ! Thanks Kap , I really enjoy hearing your thoughts and I also enjoyed seeing you on this site ( even though it was in the Rumor section ) the other day.

Thanks for the Chat Adam Question if you do not mind , What's your take on Kaperoni's chat yesterday ? GO RV !

I like it ! , and by the way if your location is " The Promised Land " Then you must be in TEXAS Ha !

Ditto !

Thanks for posting Shelley !

Central Bank of Iraq recognizes the existence of counterfeit currency Friday, March 2, 2012 BAGHDAD - Naseer Goldfinch Approved the Iraqi Central Bank Governor Sinan Shabibi the presence of counterfeit currency in circulation in Iraq is limited proportions, calling for the House of Representatives to pass a law reset the Iraqi dinar, a deletion of three zeros from the currency and replace the current currency of more sedate difficult to falsify. The several provinces, including Karbala, Najaf, Babil, Wasit, Sulaymaniyah and Baghdad, has seen in recent months, adjust the amounts of counterfeit currency, and detained by local authorities in these provinces specialized gangs forged currency, promotion and fraud on the citizens. The press reports to the existence of specialized forging presses currencies in a number of areas of the capital Baghdad. The Shabibi during a hearing held by the Parliamentary Finance Committee that during the trading operations at the level of monthly Central Bank of Iraq, appeared between 8 and 16 sheets of a ten thousand Iraqi dinars a fake, and the same class of 25 thousand dinars. Solutions And confirmed member of the parliamentary economic committee Albjara Nora told «life» that its Committee heard comments about the Central Bank of counterfeit currency and the suggested solutions, pointing to the adoption of the provision of law to replace the existing currency with a new one after deleting three zeros from them. And accused the «regional countries facing economic sanctions, of trying to destabilize the Iraqi economy through the introduction of counterfeit currency and take advantage of collecting the maximum amount of foreign currency, such as the dollar, which began running out of markets». The Central Bank of Iraq made adjustments to their systems to sell the dollar in the official auction, because the traders and the offices of Banking remove large amounts of dollars to Iran and Syria, which applied the right to economic sanctions led to the deterioration of their local currencies worldwide, where he began the CBI claim of private banks documents demonstrate their need for hard currency. The deputy governor of the Central Bank of the appearance of Mohammed Saleh said that counterfeiting is very limited in Iraq, pointing out that the most important obstacles faced by counterfeiters is the type of paper the distinguished used to make the Iraqi dinar, as is the paper handler and resistant to dirt and longer-lived in circulation, in addition to the presence of thread safety and the watermark and security rest of the specifications. Did not rule out the occurrence of forgery, because of technological advances in printing processes, and the availability of printing devices attributes of high-definition at hand in the markets, but stressed that the presence of security features on the currency and the ability of the Iraqi banking system and the people on the discovery of fake very quickly to prevent the widening phenomenon. Currency exchange And a project to replace the currency, after deletion of zeros, Salih stressed that this project is under development and will be issued a new currency the central characteristics than the world's currencies, non-penetrating or counterfeiting. Financial authority and warned Iraqi banking offices and foreign exchange companies from exploiting their works everyday to promote counterfeit currency and money-laundering involvement, senior officials acknowledged their occurrence in Iraq. The head of the «Economic Committee» in the government of Karbala, local, Tariq Kikhany, that the security forces detected in a number of provinces have been active in gangs are forging currency, pointing out that «these offices are not subject to scrutiny, because of the number and the dozens of people opened the offices of banking, from without reference to the controls in place ». She drew the local authorities in the province of Babylon, adjacent to Karbala, they arrested a gang of seven people, specializes in forging foreign currency, while its members are in the process of promoting counterfeit currency, and seized possession of a forged 60 thousand dollars. The Iraqi Supreme Judicial Council in the last official census him that the 1297 judgment issued during the year against those accused of forgery of the currency. The Director of the company «Beauty» Banking and foreign remittances beauty Ajili that the counterfeit currency in the market, domestic and foreign, and strange to each trader naturally and can not be detected easily. http://translate.google.com/translate?langpair=ar|en&u=http%3A%2F%2Fwww.altahreernews.com%2Finp%2Fcategory_view.asp%3FCID%3D11

+1 for you Parmenio , couldn't have said it better myself

+ 1 for you Rouge , love to hear what Bondlady has to say ( Her Kap and Adam keep me grounded ) Thanks Bondlady for the Great advise

If the rate is 1.17 dinars = 1 USD, then one dinar =$.85 USD! Think about it!! I believe the Iraq,s would still want to use our USD instead of thier dinar . I, in my opinion only, think the rate WILL be HIGHER than the USD so the DINAR will be the favorite currency to be used in IRAQ! Whatever the rate comes out at, me,in Georgia, will cash out and forget IRAQ! Amen Brother , I'll be Gone , Gone , Gone

This plus Yota found that the budgit was passed earlier ...................... I'm getting soooooooo excited ! + 1 for you ron

Love It

Welcome Aboard ! You will learn very quick who you can trust , and who you can't P.S. Watch out for the Koolaide Stands , Ha

Elixirbaby + 2 for you ! Great post Bondlady and always a pleasure to hear from you Thanks ! GO RV !

Great Post Patriotic_mess This sounds alot like Kaps way of thinking also ...............

I received the same message the other day so I logged out and then back in and it hasn't happened again, try it and good luck +1 Patster , Thanks ! GO RV !

http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fwww.iraqhurr.org%2Fcontent%2Farticle%2F24460508.html Did not discuss the House of Representatives at its Monday, the General Amnesty Law controversial after it was scheduled to be read a second reading in preparation for passage during future meetings. The deputy chairman of the parliamentary legal committee, fearing that the Prince Kanani presidency of the parliament of the disagreements and objections to the law prevented it in Monday's session. He Kanani in an interview with Radio Free Iraq that the Legal Committee has been able to resolve all contentious points raised in the law, especially with regard to rigging certificates and crimes of terrorism, stressing that the amnesty will not cover counterfeiters graduate degrees from the degree of assistant general manager and above, as will the inclusion of counterfeiters others who under this division with the change of legal grades, and would not include amnesty of any person who has committed a crime against the Iraqi citizens, as is amnesty for those who fought U.S. troops. For its part, pointed a member of the Commission on Human Rights Rep. Ohoaq dry that the Amnesty Law, as amended, is one of the important laws that take into account the principles of human rights, expected not to delay the adoption of the law long after the resolution of all contentious issues in it. The MP for the coalition of state law, Abbas al-Bayati said the council voted during the meeting on the eight important laws, including the law of Iraq's accession to the International Convention against Doping in Sport, and the law of accession of the Republic of Iraq to the United Nations Convention on the Rights of Persons with Disabilities Act, the Fund refunds Iraq and compensations, as well as for continuing to discuss the budget in 2012. The session witnessed a vote on the draft law regulating the provisions of the nomination for President of the Republic, the provisions of the selection of one or more Deputy President of the Republic, as The Chairman of the Legal Committee of the Board Khalid Shwani that the adoption of this law will spare the Iraqi political forces in the future of any problems or disputes which may accompany the process of election of the President Republic, as in the previous parliamentary sessions.

Sorry , this had a chart but I couldn't get it to transfer if anyone know how please feel free . Thanks ! kaperoniModerator Posts: 2959 I decided to make a transition chart as many cannot understand what "delete 3 zeros" really means. This is just my view and opinion and not exact. It is based on what i know from articles, audio tapes and documents over the past few years. As you will see, the CBI is transitioning from a larger set of currency (3 zero notes) to a smaller set of notes. This is titled..Delete 3 Zeros. --

kaperoni: Lets get started. kaperoni: Sit on your hands and no typing during chat. If you do, the mods will remove/kick you from the room. kaperoni: Today’s chat is a “What is the CBI up to?” chat. kaperoni: I wanted to take a shot at this rate change. I am not an economist, but I do have tactical skills as a researcher and think there are some interesting assessments that can be seen with this rate change. Though somewhat speculative, only time will tell if I am right. Kaperoni: Article… kaperoni: The Central Bank raise the price of the Iraqi dinar against the dollar by 3.4% - 19-01-2012 kaperoni: We all know the CBI adjusted the rate of the dinar yesterday. Some .34% (3.4%) as stated in the article title. This is the first time in 3 years that the CBI has done such a thing, and Shabibi has maintained in the marketplace an 1170 to $1 rate. Thought this seems nominal, it may have significant meaning in the Plan. Let’s take a look at a few quotes from this article…. kaperoni: “the Bank worked to raise the prices of the Iraqi dinar against the dollar during the sessions for the sale and purchase of foreign exchange by four dinars and by .34% to up to 1166 dinars to the dollar,” kaperoni: To the citizen, this is meaningless. We're talking about 4 cents on a $100 purchase at this exchange rate. So, IMO, there is little or no effect in the marketplace. And especially when we know from the previous chat the extensive efforts to “dollarize” the economy in recent weeks. This next quote seems to imply we may be close to the RV… kaperoni: “The nominal price of the dinar is not commensurate with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar.” kaperoni: Let’s look at this statement. Saleh states.. The nominal (very low) price of the dinar is NOT commensurate (adequate or agreeable) with the purchasing power to him or the real price of the exchange rate of the dinar against the dollar.” My question then is why make this meaningless change? Let’s look at this next quote… kaperoni: “Saleh pointed out that “the dollar exchange rate in the Iraqi markets that recently experienced a slight increase will be affected by the decision of the Central Bank of Iraq,” adding that “the Iraqi dinar will be attractive in the Iraqi market.” kaperoni: How can that be? kaperoni: 1. Iraq is dollarizing (we know that from the numerous articles in the past weeks pertaining to the auctions. kaperoni: 2. The dinar currently in circulation is worn out, burned, torn, taped as stated by several recent articles. kaperoni: 3. What is in circulation appears to be the smaller notes such as 50, 250, 500, and a few 1,000 dinar notes. kaperoni: 4. This “adjustment” has no effect on overall prices at this exchange rate. kaperoni: So what can the .34% change really be a about? kaperoni: Let’s assume this was a pre RV adjustment. To align pricing prior to the RV to reflect the purchasing power at the new rate. kaperoni: Example… We have seen numerious articles state a 50 dinar note will equal about $43 USD. Or .86 kaperoni: In order to achieve that exchange rate, the dinar must appreciate from the 1170 locked rate. Though so slight, it’s meaning is substantial on large transactions. kaperoni: Some have stated that the CBI might raise it further? Or there would be a gradual appreciation. Well that would be contradictory to the stated rate of 50 dinars = $43. Therefore, we can assume that this move is the only move prior to the RV. kaperoni: Going with the exchange rate that is stated, let’s see some numbers… kaperoni: Previous rate…. kaperoni: 1170 to $1 post RV to 1.17 would equate to 1 million dinar = $855,000 USD kaperoni: New adjusted rate… kaperoni: 1166 to $1 post RV to 1.16 would equate to 1 million dinar = $862,000 kaperoni: That’s an increase of $7,000 USD kaperoni: Let’s go back to something that Assistant Dean and Professor Fadel stated…when referring to the “delete 3 zeros” process… kaperoni: “Must also coincide to re-work the CBE board of prices to determine the general level of prices and the real level of wages in order to eliminate the structural distortions in the national economy makes the process of removing zeros are mechanisms to reduce the rate of inflation and make it in the lowest levels” kaperoni: This is telling as we see him mention that the CBE (CBI) has to “determine general level of prices and real level of wages in order to elimiate structural distortions” IMO, that is what the CBI is doing here prior to the RV happening. kaperoni: Here is another quote from Dr. Fadel… kaperoni: “The phenomenon of rising prices in the world is caused mainly by the decline in currency values ​​and thus lower the purchasing value. And your conception that the best remedy for these reflections on the psychology of the Iraqi individual and the market is in the drafting of a new Iraqi currency prices are back with the logical relationship between the cost of the real item and the selling price based on the market.” kaperoni: Again, IMO, this is the CBI only adjusting pricing. So when they “delete the 3 zeros”, this new rate conforms as stated..to the “real item and selling price based on the market” kaperoni: IMO, this .34% move is an attempt to remove the “structural distortions” prior to the RV. And appears to be right in line with the Plan as documented by Dr. Fadel. Kaperoni: Done

Thanks for posting Yota ! I received an email yesterday from Adam announcing that the dinar had dropped to 1166 , small but headed in the right direction. NOW if only we could get the one today saying RV HAS JUST OCCURRED ! What a ride , GO RV GO BABY !

Great job KCW. Thanks Adam for the LONG, but VERY informative chat ........... GOOOOOOOOOOOOO RVVVVVVVVVVVVVVVVVVVVVV !