dhill45888

Not my words this is from Scott But I have to agree with you and Scott When you are dealing with The Three Stooges Maliki Shabibi and Alawi theese clowns can not get thier crap together this is going to be a long haul just like my friend said who was the head of security in Iraq you have seen him escorting thees clowns in, out and around Iraq. His statement to me if this does not RV my Sept 15 2011 we are in for a very long haul this was said to me back in aug Well I guess it came true

Are you ready for a dose of REALITY? We are in the holiday season and considering the fact that Christmas is less than a week away, I thought I might bring another perspective to this outrageous adventure we've all embarked upon. We've heard all the scuttlebutt about how as the RV draws nigh we would begin to see a bunch of misinformation making its way through the news channels. We've also seen documents and news articles being recycled from months and years ago. That said however, I'd like to ask an honest question. Is it the powers that be that are misinforming us and/or leading us to believe that the revaluation of the Iraqi Dinar is just around the corner or are we being suckered in by individuals with a warped sense of humor, or individuals desperate to save face that will take any information they can grab, however unimportant or derogatory and try to spin it as a news flash of "blessings" to come. I respect those intel gatherers who have given of themselves and devote so many hours to digging up the "skinny" as it were and hopefully, they're putting forth these tremendous efforts for all the right reasons. But, one has to consider the possibility that aside from their deep-throat contacts (who themselves, probably don't have a clue), the vast majority of these purported "Gurus" are just average Joes and Joans that are hanging on just a little too tight. So yes, I'm calling BS on the lot of them. Why? Because they're saying all the wrong things for all the wrong reasons. My point is this. I would hazard to guess that more than just a few members here are not only pinning their hopes, dreams on this revaluation, they're also hoping to hang on long enough to see this RV come about before they lose their jobs, their homes or their cars. If, unfortunately, the latter fits your own particular situation, you might want to consider other alternatives to saving the family homestead. We hear Iraqi government officials as well as officials from the Central Bank proclaiming that Iraq now has the strongest currency in the Middle East and the intel gatherers (Gurus) naturally want to spin that to mean that they have raised the value of their currency, i.e. a revaluation of the Dinar. ...Wrong! On economies of scale, if you consider the monetization of Iraq's assets (above and below ground) weighed against their debt and then factor in the pathetic programmed rate of exchange their currency is currently trading at, then yes, they may even have the strongest currency in the world, let alone the Middle East. However, the value of any currency irrespective of what assets may back that currency is also tied to a trust factor. Trading partners, be they countries, corporate or individual consumers have to give some consideration to the "Faith and Credit" of the issuing country. I for one, don't trust Iraqi's any further than I can throw one and as far as their credit goes, I wouldnt lend them the pen with which to sign the contract. And, where perception is reality, all said and done, the worth of their currency at present really is little more than decorative wallpaper. Here's another one. "Iraq has to revalue their currency because their people are poor and starving". Friends, one has nothing to do with the other. The Dinar is worth what it's worth and it buys what it buys. The rate of exchange has NOTHING to do with their citizen's quality of life. For example, if a worker paid in Dinar is making a wage of $1,000.00 US/month, he/she is probably getting paid approximately 1,100,000 Dinar for their efforts. Currently, in Iraq a Coke costs about 1,000 Dinar. If the Dinar revalued to $3.50 Us per Dinar, that same Coke would only cost them about 30 Fils. But, after revaluation, what happens to the worker's wages? They will drop to a level commensurate with the new exchange rate. i.e. if the worker is still getting paid the equivalent of $1,000.00 US per month, in Dinar, his/her wages will drop to approximately 285.75 Dinar per month. Get it? Nothing really changes, their Dinar buys more than it did, but it's not like they're getting a pay raise, they're going to be getting paid fewer Dinar to compensate for the new exchange rate. Oh, and by the way, do you really think the government of Iraq gives a rat's a** about its people? Try this one on for size.... "They have to revalue the Dinar because they can't make their budget if they don't". ...REALLY??!! Seriously?? I'm not even an economist and I can call BS on that one, also. Look, the budget is the budget and the Dinar is the Dinar. They are enumerated and worth what they are worth. We hear a figure of 112 Billion dollars bandied about. Okay, so their budget is 112 billion dollars. ...And that would have what... to do with the Dinar? If all they bring in for that fiscal year is 27 Billion dollars, then they have an 85 Billion dollar deficit, which will have to be made up with reserves or sold as debt. Now, I have a lot of respect for Randy Koonce and I really like listening to the guy, but with all due respect, his assessment of how the RV fills the budget gap is wrong. He says you divide the income into the budget figure and that gives you the amount the Dinar has to RV at to make their budget work. For example, if their budget is 112 Billion and all they take in is 27 Billion, if you divide 27 into 112 you get 4.14, or $4.14 US dollars is what they would have RV their currency at to fill the gap in their budget. Well, if they were getting paid in Dinar for their oil, albeit still flawed, you could almost make a case for that. But guess what? they get paid in Dollars. You see, the one universal constant in the oil business is that whether you're buying or selling oil, that oil is paid for in dollars, ...Petro dollars, as it were. So, if Iraq is getting paid in US dollars for the one domestic product that makes up 95% of their earnings, then how would a revaluation of the Dinar have any effect whatsoever on their budget deficits? Randy, I love you like a brother, but that dog won't hunt. And now for the Pièce de résistance. All the pundits keep talking about how Iraq HAS to revalue their currency for this reason or for that reason. Well, I got news for ya'. Perhaps you've lost sight of the fact that back on June 30th of this year, the UN turned over to Iraq the DFI (food for oil) funds to the tune of approximately 180 Billion dollars. They also repatriated some 480 billion dollars in monies confiscated from the Saddam regime. All total, Iraq took possession of almost 700 Billion dollars in disposable cash, with no restraints; they can use that money for whatever they like. So, for all intents and purposes, given their current level of annual earnings and, if a revaluation of the Dinar was of any tangible benefit with regards to their budget (which it isn't), then Iraq could conceivably go another 8 years before having to give any consideration to a revaluation. Now, we all know and realize that such will not be the case for a miriad of reasons, but it is what it is. Iraq takes in Dollars, negotiates the dollar on the streets, and spends dollars. Given the current state of business over there, the Dinar is almost an afterthought. Pressure exerted by world powers and the IMF notwithstanding, Iraq can pretty much do whatever the hell they want. And, as we have pretty much seen of late, ...they will. Now this post, is not meant to bash, malign or beat up on anyone. Rather, my sole purpose in bringing this is to provide some reasonable contrast and perspective to what the Gurus are putting out there. Do I believe in the revaluation of the Iraqi Dinar? Absolutely!! It just makes sense (whether or not it will make dollars is a question for another day). Trust me, I've got plenty of skin in this game, a lot more than most. What I don't have however, is any reasonable expectation that the revaluation is going to take place anytime soon. I hope and pray that I'm wrong, but for the continued sanity of those participants who are hanging on too tight and standing at the edge of the abyss, I pray that you will find other avenues to make due in the interim. And, for all those Gurus out there that might stumble upon this thread and take umbrage regarding my statements, to you I say, "Fine, prove it". Don't talk to me about black suburbans, visitors in the night from the dark side, 3-letter agency crap and the like, that's too easy. Better yet, get the guy you're getting all this great and fast breaking intel from to prove it to you before you start ramping up the emotions of those who really have something to lose here. All this "It's happening tonight", "You'll see it tomorrow", "I can't tell you my source" crap is unconscionable, counter-productive and down right cruel. Better to just keep it to yourself and we'll all just be pleasantly surprised when it fianlly comes about. In the meantime however, I have adopted a new mantra: "The Dinar's Due in '22". Merry Christmas everyone, have a safe and happy holiday. Scott

Steady before lifting the zeros from the currency (This article is from the 3rd, but I don't recall seeing it posted) On: Wednesday 03/08/2011 18:49 Adnan Salman Notwithstanding the reigns of our society Iraqi instability in all parts of political, economic, social, and despite what will happen to him and hurt him severely inflation and inflammation of the prices and the continued rise of the line of his ruthless and accompanying complaint and Tazava citizens, and despite also stop the wheel of industry almost total public and private sector The decline of agriculture and the tragic lack of services and the prevalence of disguised unemployment coupled with the secretions of the occupier, terrorism, and successors from the complete destruction of people's money, require a claim the United States and allied compensation - Add to all of the above the absence of national production types and roots displayed an inability to meet all the requests of citizens and the absence or inability of the institutions concerned to control prices centrally for all goods, consumer or non-consumer, and in the inflation of this reality of misery which struck fatal to Iraq and its people. After the entry of the occupier and that calls the rulers and their affairs, bridging the gap and work to heal and heal and reality is painful to pay the wheel construction, reconstruction and restoration of all industrial facilities to its former away from privatization, virile, capable of absorbing unemployment to improve the economic reality and re-meat people, good to his past Alaudhae and work in all seriousness to activate the exit of the occupiers end of the year and enjoy the full and expeditious independence and national sovereignty does not reproach them. I say despite the fact noted above and reflected in the tragic misery of the people and the Iraqi state and which require careful consideration .. Red traffic signal, we overlooking central bank officials from time to time and other short words through the media print and visual Bohadjih strange wonderful work that the deletion of zeros from the Iraqi currency, and so on without warning and in a very critical time is not in line with reality living standards!! And jump to the top of the stairs disregarding all the facts mentioned above passing.! The lack of clear standards about such an important subject and requires strong Dbabih foremost goal setting with all the clarity and transparency and the overall planning and study of all aspects of the subject that is vital and my future ... Economic, political and social overlap in its considerations to influence internal forces and regional and external, which creates many negative effects as a result of this intervention, and any gap is studied in its application will no doubt shake we do not need and confusion in the Iraqi street troubled .. In the same context, the more economists and politicians opined both the location and noted the need to wait until the exit of the occupiers and discuss the deletion of zeros at all levels and then transmit it to Parliament to enact a law that addresses all the problems that may arise around it to meet the conditions of legal and constitutional despite the fact that this subject, any lifting of the zeroes, and other things that deal with the issue of currency, inflation and maintain the currency and the stability of the market and the amount of money and other jurisdiction of the Central Bank of the seriousness and sensitivity of the subject in this exceptional circumstance that Iraq is going through requiring all actions referred to above. http://translate.goo...l%26prmd%3Divns My next door neighbor his buddy who is in Iraq right now he is like a super high up in the security he transports any high level person in, Out and around the country you have seen this guy standing next to maliki Shabibi and others, What he siad was that by Sept 15 40,000 front line troops and 80% of all contractors will be removed from the country, There are only 44,000 troops in the country at this time the other 4,000 are admin type personel that have been approved to stay behind. Now his comment to my neighbor is that it will RV before the 15 or it will be a very long time before it does RV. On July 27 on the morning money maket report one of the op ed guys that gives his opinion said that Iraq will not RV as long as they are occupied I told this story to Rich in TX last week

It is very interesting that you say Sept 15 here is why My next door neighbor buddy who is in Iraq right now he is like a super high up in the security he transport any high level person in, Out and around the country you have seen this guy standing next to maliki Shabibi and others, What he siad was that by Sept 15 40,000 front line troops and 80% of all contractors will be removed from the country, Now his comment to my neighbor is that it will RV before the 15 or it will be a very long time before it does RV

What is the artical What is the artical

This is the most logical explaination that I have read on the RV it make perfect sense business wise. The only question what are the payment due dates for Iraq

C'mon guys give them a BREAK They have Larry Moe and Curly The Three Stooges Running the Show

Count me in for six Count me in for six

Love you are a Idiot I guess murdering your own people is acceptable if you cant stand the heat get out of the Fire

Boy I sure love she Plagurized a artical that was in the news Clearly Bondlady has no actual intel to Share 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

It is a Fake it does not have the Race of the Child

First off this Clown is the one that is DIs-RESPECTING the office. How the President of the USA Bow to a Foreign leader and call our country a to powerful and need knocked down a couple of knocthes AND I am Calling him a CLOWN and he Spending us into Bankruptcy

What was the purpose of even having this CC Zero information and just idle chit chat what a complete waste of time. Give us some kind of information or just say nothing to report at this time what is so hard about that.

That is spot on

can you forward the info on that bank please

Heavy does the bank in your area have the delarue machine or do you know a local delarue machine