proteus

Whether they RD or not, They still have to PULL the 000's Bills off the street, they need to do this to have funding equal to release the new smaller denoms... Thus chances are that they will trade 1 to 1, old dinar for new dinar, then appreciate the value of the new dinar smaller denom's... Shabibi said: " issue dinars with lower denomination and higher appreciation." We need to watch for: M2 in circulation dropping, inflation rising approx. 7.5% or higher, taxes/tariffs activity of bi-lateral pressures at ports, these indicators will push Shabibi to pull the trigger. Just my on the post...

Whether they RD or not, They still have to PULL the 000's Bills off the street, they need to do this to have funding equal to release the new smaller denoms... Thus chances are that they will trade 1 to 1, old dinar for new dinar, then appreciate the value of the new dinar smaller denom's... Just my on the post... and my same thoughts on the Shabibi post eariler today...

Commodities will never be Currency, although the act of BARTERING is evidence of using Hard Goods as Payment... but, saying thet the DODD-FRANK Act could turn Gold into Currency, is like saying: Hookers are Qualified Health Care Workers... :unsure:

I don't know who Adam really is... and I don't want to really know who he is, as then someone would have to Put me to death for knowing... I am fine the way I am, i have faith that Adam is Adam, and everything else really does not matter.... Would it change anything if Adam was not Adam? Even more importantly... WHAT the HE-LL good is even asking this question.....? maybe it is Important to you, maybe you should ask him directly... TO SEE HIS REAL BIRTH CERTIFICATE... that is if Hawaii will release it... :lol:

Bernanke: Fed May Launch New Round of Stimulus « on: Today at 11:25:59 AM » FROM ANOTHER SITE Bernanke: Fed May Launch New Round of Stimulus Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodating measures. "Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation," he said "However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate." Markets reacted immediately to the remarks, sending stocks up sharply in a matter of minutes. Gold prices continued to surge past record levels, while Treasury yields moved higher as well. But some analysts pointed out that, while Bernanke was suggesting the Fed might add stimulus, he also was saying that the current "soft patch" may prove temporary. "The bottom line is that he has to say he will respond if needed, but it seems he's saying it more as lip service than anything because ultimately he still expects that this slowdown was temporary," said Tom Porcelli, chief U.S. economist for RBS Capital Markets in New York. The Fed recently completed the second leg of its quantitative easing program, buying $600 billion worth of Treasuries in an effort to boost liquidity and get investors to purchase riskier assets. While stocks rose about 6 percent through the course of the program, nicknamed QE2 , economic progress has remained elusive. Delivering his twice-a-year economic report to Congress, Bernanke laid out three options the central bank would consider. Bernanke said the Fed could launch another round of Treasury bond buying, the third such effort since 2009. It could cut the interest paid to banks on the reserves they hold as a way to encourage them to lend more. The Fed could also be more explicit in spelling out just how long it planned to keep rates at record-low levels. That would give investors confidence about the Fed's efforts to continue supporting the economy. Bernanke maintained that temporary factors, such as high food and gas prices, have slowed the economy. He said those factors should ease in the second half of the year and growth should pick up. But if that forecast proves wrong, he said the Fed is prepared to do more. "The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support," Bernanke told the House Financial Services Committee on the first of two days of Capitol Hill testimony. Bernanke also said it was possible that inflationary pressures spurred by higher energy and food prices may end up being more persistent than the Fed anticipates. He said that the central bank would be prepared to start raising interest rates faster than currently contemplated, if prices don't moderate. Bernanke's comments about inflation spoke to concerns expressed by some regional bank presidents at the Fed. The have criticized the Fed's bond-buying program, saying it has increased the risk for higher inflation. The Fed has kept its key interest rate at a record low near zero since December 2008. Most private economists believe the Fed will not start raising interest rates until next summer. And some say the Fed won't increase rates until 2013, based on the slumping economy. Minutes to the central bank's June meeting on Tuesday suggested that, while some members were pondering the possible need for additional easing amid a weak economy, the Fed is not yet ready to take any further action. But the minutes also reflected divisions within the central bank over further easing, and Bernanke's speech provided a further indicator that a QE3 move is far from off the table. "Even with the federal funds rate close to zero, we have a number of ways in which we could act to ease financial conditions further," Bernanke said. Bernanke was testifying after the government released a dismal jobs report last week. The economy added just 18,000 jobs last month, the fewest in nine months. And the May figures were revised downward to show just 25,000 jobs added—fewer than half of what was initially reported. The unemployment rose to 9.2 percent, the highest rate this year. Companies pulled back sharply on hiring after adding an average of 215,000 jobs per month from February through April. The economy typically needs to add 125,000 jobs per month just to keep up with population growth. And at least twice that many jobs are needed to bring down the unemployment rate. At the June meeting, the central bank lowered its economic growth forecast for the second half of the year and said unemployment wouldn't fall below 8.6 percent this year. —AP and Reuters contributed to this report. ^,,^ http://www.cnbc.com/id/43739458 WEBSITE ARTICLE

Posted Today, 02:18 AM FROM ANOTHER SITE All is done, no furthur hold ups, just waiting for the high rate....Don't believe the bull about it will RV near the end of the year....Why post this stuff, to upset people?....Be positive and you will get through this so much more peaceful. Blessings To All,....CZ.... BGG from 10:30pm 7-10-11 • BGG I think out next best window starts right before you get up thru about Wednesday nite. • BGG That's the next hottest window...for a lot of reasons. • BGG Did hear from a high-end gov't official Thursday is possible....I'm just a little more focused on earlier in the week • DUCKEGG BGG If everything is voted on Tuesday, would we see it as early as Wed? • BGG Duck - easily. Rate is in place and waiting. They are ready and waiting. • Boaz BGG who is "they" are ready and waiting? • BGG US Treasury. • Tinker phoenix mention gag order with o/b on debt talks, talks of the mood being light with o/b • BGG Tinker - there is info on the meetings...we'll know before he gets to the podium. 10:21 PM [sasha601] • BGG Just a regular guy.....P.S. look for some big news this afternoon. • Sasha601 check for BGGs info later • BGG Sasha - if it's as big as I think you won't be confused as to whose it is. • BGG The big "intel" guys will have about a 3 hour head start - big deal!! • cvgal BGG, not to do the pedestal thing, but you are one of the ONLY people I like to hear from!! • BGG TYVM cvgal - just glad to be of service. • BGG Keep an eye on the White House... • cvgal BGG, do you believe it is UST holding us up or something in Iraq? • BGG I don't think there is a hold-up...they are working it out. 10:23 PM [sasha601] • poppy2 hey guys looks like i am going to be out of town when this thing rv's tomorrow so you guys are going to have to text me with the news? • poppy2 i have to be gone to atlanta mon, tuesday so i guess since i have to go anyway i could just go see ty and cash in ?? No use wasting a trip right poppy2 • cvgal Poppy2, at the risk of sounding niave, is it looking good for Monday? Sorry to ask • poppy2 well cvgal i will tell you this i am taking some with me ???? • Slider Poppy2 a lot of is are here in atlanta and will meet you to cash in. Haha • poppy2 slider that would be wonderful to meet some of you at the cash in window • cvgal Poppy2, do you think the delay in the debt talks is connected at all to the rv? 10:23 PM [sasha601] • poppy2 CVGAL NO I DONT THINK IT HAS ANY EFFECT AT ALL • poppy2 THE TAX ISSUES I HAVE NOT BEEN ABLE TO CONFIRM ON MY OWN FROM ANY OF MY CONTACTS . HOWEVER I HAVE CONTINUALLY HEARD FOR OVER A MONTH THAT THE FLAT 15% TAX WAS UNDER CONSIDERATION FOR ALL CURRENCY CHANGES/ it will be great if it is true • poppy2 I have been told that the irs/ust are stalling for more time to get offices manned and people in place in 34 major cities to cash us in and if this is true then the 15% tax should be true also . one doesnt work without the other???? poppy2 • poppy2 I have still got to pack and to be ready to leave very early in the morning so i am going to say good night for now i may come back for a short time later or will break in fast if i get some updated information GODS LOVE POPPY2

BLOOMBERG - Jul 11, 2011 7:26 AM PT The best currency forecasters say the dollar’s 12 percent slide over the past year is coming to an end as Europe’s deepening debt crisis discourages bets against the world’s reserve currency. Led by Schneider Foreign Exchange Ltd., the five most- accurate firms during the six quarters through June 30 as measured by Bloomberg see the dollar trading at $1.42 per euro on average by year-end, compared with $1.43 on July 8. Against the yen, they predict the greenback will rise to 83 from 80.64. While Moody’s Investors Service added to Europe’s woes last week by lowering Portugal’s credit ranking to junk, the dollar is regaining its status as a haven after the worst performance over the past year among 10 developed-market currencies based on Bloomberg Correlation-Weighted Indexes. The dollar is up 5.9 percent from a 17-month low on May 4 against the euro. “There’s not a lot of room left for it to weaken beyond $1.50 to the euro, and we still see it recovering to about $1.40 by year-end,” said Stephen Gallo, head of market analysis at Schneider in London, who had an average margin of error of 5.05 percent across all currency pairs. “The risk of a disorderly default is, for now, much higher in Europe than in the U.S.” Hedge Fund Bets Hedge funds and other large speculators are no longer betting the dollar is going to collapse. Wagers on a decline against peers including the euro, yen and pound were 203,230 on July 5, data from the Commodity Futures Trading Commission in Washington showed last week. That’s down from 405,267 in March, the most since at least November 2003. “It’s difficult for the dollar to fall out of bed,” said Paul Mackel, director of currency strategy in London at HSBC Holdings Plc, the eighth most-accurate forecaster. “The euro- zone crisis has definitely slowed the pace of dollar weakness. The dollar is still the reserve currency of the world and will be for some time to come.” HSBC sees it ending the year at $1.44 per euro, compared with $1.4037 as of 10:23 a.m. in New York. It earlier strengthened to $1.4026, the highest since May 25. The greenback accounted for 60.7 percent of the world’s currency reserves in the first quarter, compared with 61.8 percent a year earlier, the International Monetary Fund in Washington said June 30. The U.S. currency rallied 1.8 percent last week against the 17-member euro and has dropped 5.4 percent this year. It fell 0.3 percent today to 80.42 yen. Dollar Index The dollar has stabilized as the euro-region debt crisis worsened, forcing Greece to seek a second bailout in little more than a year from the European Union and the IMF, stirring speculation Portugal and Ireland will follow. The Dollar Index, which IntercontinentalExchange Inc. uses to track the currency against those of six trading partners, rose in four of the past five weeks as the German government and the European Central Bank debated how best to ward off a Greek default and investors fled riskier assets. EU leaders are pushing banks and insurance companies who hold Greek bonds to contribute to a new aid package after last year’s 110 billion-euro ($156 billion) rescue failed to stop the region’s debt crisis from spreading. The threat of contagion has sparked a surge in the cost of insuring against Spanish and Italian defaults, with the yields on the 10-year securities rising to euro-era record spreads with equivalent German debt today. “Everyone is aware inside and outside of the euro area that these countries cannot bail themselves out of these debt burdens,” said Schneider’s Gallo in a Bloomberg Television interview with Betty Liu on “In the Loop.” “The bottom line is there is no way to ring fence this entirely the losses are going to have be swallowed.” Earnings Growth Earnings growth is rebounding in the U.S., albeit at a slower pace. Companies in the Standard & Poor’s 500 Index are poised to boost income by 19 percent in 2011, including a 13 percent advance in the second quarter, according to analyst estimates compiled by Bloomberg. The gain will push profits back in line with their average increase of 6.9 percent over the last 51 years, data compiled by Brockhouse & Cooper Inc. and Bloomberg show. “Our central scenario is that the U.S. dollar is bouncing along the bottom,” said Richard Grace, chief currency strategist and head of international economics in Sydney at Commonwealth Bank of Australia, the ninth-best forecaster. Concern the U.S. economy will falter and a growing debt load may hurt the dollar. Data from the Labor Department in Washington on July 8 showed employers added jobs in June at the slowest pace in nine months. Payrolls rose by 18,000, less than the 105,000 positions forecast in a Bloomberg survey of economists. Economic Outlook The U.S. economy may grow 1.1 percent in the 12 months ending June 2012, according to research by the Federal Reserve Bank of Cleveland using Treasury yields and growth data for the past five years to project output for the coming 12 months. That’s less than half the 2.7 percent to 2.9 percent range projected by the Fed in its official estimates. The U.S. risks missing debt payments should Republicans and Democrats fail to agree on raising the $14.3 trillion federal borrowing limit before an Aug. 2 deadline. S&P said June 30 it would cut the U.S.’s credit rating to D, the lowest level on its scale of creditworthiness, should a failure to raise the debt limit lead to a default. “It’s really hard to build a near-term to six-month story where the U.S. dollar rallies when they have no credible fiscal plan in place,” said Camilla Sutton, chief currency strategist in Toronto at Bank of Nova Scotia. The firm is the seventh- ranked forecaster in the survey. ‘Negative on Dollar’ The dollar will slide to $1.52 per euro by year-end, following a decline to $1.50 by the end of the third quarter, according to Societe Generale SA, the second-most accurate forecaster, whose average margin of error was 5.21 percent. “I’m negative on the dollar,” said Kit Juckes, London- based head of foreign-exchange research at the company. “The U.S. favors a weaker currency as part of its economic solution and with employment well below where they want it to be, the Fed will keep rates lower for longer.” The Fed won’t raise its target interest rate for overnight loans between banks, currently a range of zero to 0.25 percent, until the second quarter of 2012, according to the median forecast of 33 analysts surveyed by Bloomberg. Schneider’s Gallo estimates the dollar will end the year at $1.40, about 1.9 percent stronger from last week, and number three Wells Fargo & Co. predicts a recovery to $1.39. Fourth-ranked JPMorgan Chase & Co. sees the dollar weakening to $1.48 by year-end. Credit Agricole SA, the most bullish dollar forecaster and ranked fifth in the survey, estimates $1.30. ‘Safest Bet’ “The safest bet is to stay long the dollar against the yen,” said Nick Bennenbroek, head of currency strategy at Wells Fargo in New York, the third-most accurate forecaster. “As soon as the market starts to see a shift in interest-rate futures, that would be enough for the dollar to move higher. We expect this to happen by the end of the fourth quarter.” While the Fed repeated after last month’s meeting it will keep its key rate at a record low for an “extended period,” the U.S. currency may find support from the June end of the central bank’s asset-purchase program, or quantitative easing, known as QE2, which helped depress bond yields this year. “We don’t have a scenario where the U.S. economy weakens a lot further or in a prolonged sense such that the Fed then undertakes another round of quantitative easing,” said John Kyriakopoulos, head of currency strategy at National Australia Bank Ltd. in Sydney, the number six forecaster. “We don’t see a further large fall in the U.S. dollar.” ‘Positive Dollar Impact’ The dollar appreciated on June 22 after Fed Chairman Ben S. Bernanke ruled out a third round of asset purchases. “As U.S. bond yields begin to gradually drift upwards in anticipation of policy normalization from the Fed, a lot of the liquidity that has drained out of the U.S. is going to flow back again,” said Daragh Maher, deputy head of global foreign- exchange strategy at Credit Agricole Corporate & Investment Bank in London, which had a margin of error of 5.65 percent. “That’s going to have some positive dollar impact.” Currency forecasters were ranked according to the accuracy of their estimates for the six quarters beginning with the first three months of 2010. Long-term accuracy was judged by a forecast for the twelve-months to end-June 2011. Only firms with at least four forecasts for a particular currency pair were ranked, and only those that qualified in at least five of eight pairs were included in the ranking of best overall predictors. In all, 50 firms submitted enough forecasts to be ranked in at least one currency. To contact the reporters on this story: Garth Theunissen in London at gtheunissen@bloomberg.net; Allison Bennett in New York at abennett23@bloomberg.net To contact the editors responsible for this story: Daniel Tilles at dtilles@bloomberg.net; Dave Liedtka at dliedtka@bloomberg.net

Maybe this is more DIS-Information, like they always say, just before they do the opposite!

Iraq’s blocs must debate the future Opinion | Columnists They need to deal with the US pullout issue from the perspective of the people's welfare By Mayada Al Askari, Staff Writer Published: July 11, 2011 The day of reckoning has arrived in Iraq. Soon enough, Iraqis and their political leaders have to decide about the US military troops' extension. However, no one in the Iraqi government is ready to be the first one to say yes. Although there are extensive negotiations between US and Iraqi officials regarding the issue of keeping some US forces in the country beyond the December 31 deadline for withdrawal, US Admiral Mike Mullen told reporters at a Pentagon press conference recently that the negotiations are tough. The surprise is that the whole issue is facing stiff opposition in Iraq, and not from Moqtada Al Sadr, head of the anti-US Sadrist movement, alone. He said the discussions were addressing both the size of a possible US military mission as well as the capabilities that Iraqi forces lacked. Indeed there are gaps in capabilities Iraqis are going to face in air power, air defence and the use of intelligence if the Americans withdraw at the end of the year. These gaps were recognised a long time ago. Back in July 2010, I interviewed Lieutenant General Michael Barbero, Deputy Commanding General of US forces in Iraq. Asking him about the readiness of Iraqi forces to take over responsibility from the Americans and if the gap will be hard to fill, he said: "The Iraqi air force has 100 aircraft, 57 trained pilots with helicopters and fixed wings, in addition to several C30s." They continue to grow every day as their size doubled from 2,700 to 5,400 personnel during last year, he added. What he did not say is that Iraq does not have trained pilots or serious aerial cover if the US withdraws, and he did not mention the fact that Iraq has only one radar which is standing on its last foot. In a nutshell, Barbero explained the situation as follows: "For example, air sovereignty is in three parts: first it is to see through radars any threats or aircraft coming. The second part is the ability to warn the command and control network. The third part is the ability to respond with fighters. Iraq will not have fighters by December 2011 because it takes a long time to train fighter pilots. So these areas are under development." But today, only four months away from the day US forces walk out of Iraq, these areas are still undeveloped. Talking to a political leader from both the Dawa party and State of Law Coalition on condition of anonymity, he said that the Dawa party has issued a communiqué stating that the US forces should leave the country according to schedule. How about our military capabilities and external threats? Very frankly, we do not believe we shall need a strong airforce for the time being, he said. Syria has its internal issues; Iran has just signed numerous MOUs with Prime Minister Nouri Al Maliki, and Turkey will not subject itself to international criticism by attacking Iraq. He also pointed out the fact that the US has trained Iraqi forces to be able to confront terrorist attacks in a manner that is unmatched in the entire region, the Middle East and beyond. No agreement Understandably, the withdrawal or extension of US troops is the most difficult test for Al Maliki, as opposition parties are standing on the sidelines waiting for him to declare his position as a commander of the armed forces. However, he has yet to comment on this. The Dawa Party that he leads has issued a statement in support of the withdrawal of US military forces from Iraq. This is in contrast to other major political blocs in Iraq who show their support for the withdrawal in public but call for their extension in secret. Until last Saturday, Al Maliki's government failed to decide and agree about asking US forces to remain or pull out in December, postponing the whole issue for another fortnight. The problem as indicated by a US embassy official is that Iraqis haven't come to any agreement within their own barracks about what it is they might need in terms of tasks they want the Americans to perform. Chances are that the Iraqi government that was established after months of unjustified delays and which still lacks three key ministers (Defence, Interior and National security) may never reach a unanimous decision regarding US troops. Although most people in Iraq are sceptical about the matter, the Obama administration also has a limited time to explain and convince the American public about the necessity of an extended US presence in Iraq. Al Maliki is concerned about his political reputation, and needs to emerge as a national hero. The Sadrists are threatening to re-activate their Youm Al Mawoud military arm if the US troops are allowed to stay on, and Dr Eyad Allawi, Chairman of the Iraqiya list who has serious issues with Al Maliki who pushed him aside after the elections, addressed the North Atlantic Treaty Organisation (Nato) recently, where he outlined the futility of US troops remaining in Iraq. Iraqi political blocs must sit together, sooner or later, and decide about the country's future. This time, and for the first time since 2003, it would be a great idea if they were to deal with the problem from the perspective of the welfare of Iraqi people for a change, and not from the political perspective of each political bloc in Iraq's rainbow of sorry politicians. http://gulfnews.com/opinions/columnists/iraq-s-blocs-must-debate-the-future-1.836449

Aswat Al Iraq / Karbala , Civil Society Salaries of Families of Karbala Martyr’s tripled 7/7/2011 4:40 PM KARABALA / Aswat al-Iraq: The salaries of families of martyrs of southwest Iraq’s Shiite holy city of Karbala have been increased by about three folds, which would be paid for them for the past 18 months, the Karbala Martrys Directorate reported on Thursday. “The Pensions Department has began to distribute the new salaries for the families of martyrs, officially registered in the Department, that were increased after a decision by the Iraqi Parliament,” the Directorate’s Director-General, Ahmed Abdul-Wahid al-Tayar told Aswat al-Iraq news agency. He said “the families of the martyrs can receive their salaries from the Pensions Department, as from Dec. 2010,” he said, adding that the number of families registered by his Department was 3,295 families.” “The salary of each martyr’s family, with one martyr, is 610,000 dinars, instead of its previous salary of 260,000 dinars, whilst a family with 2 martyrs shall receive 620,000 dinars, instead of 270,000 dinars, and the family with 3 martyrs shall receive 630,000, instead of 280,000 dinars, he concluded. http://en.aswataliraq.info/Default1.aspx?page=article_page&id=143632&l=1

New US consulate in north Iraq to boost investment By LARA JAKES Associated Press Published: Sunday, Jul. 10, 2011 - 9:48 am Last Modified: Sunday, Jul. 10, 2011 - 1:14 pm IRBIL, Iraq -- The United States opened a consulate in Iraq's Kurdish region Sunday in an effort to lure more American investors to one of the most stable and fast-growing regions in the country. Despite being situated in a relatively safe Christian neighborhood in the Kurdish capital of Irbil, the consulate is protected by blast walls. The Kurdish population in the northern region was largely untouched by sectarian fighting that embroiled much of Iraq and nearly brought the country to the brink of civil war several years ago. The opening of the consulate in Irbil comes more than eight years after the U.S.-led invasion that toppled Saddam Hussein, but left much of Iraq shell-shocked and in turmoil. In an effort to help boost Iraq's economy and lure businesses into the country, the consulate will largely assist U.S. companies looking to invest. To coincide with the opening of the new consulate, Marriott International signed an agreement with Kurdish officials for a 200-room hotel and 75 executive apartments in Irbil in three years. "Today, Irbil; tomorrow, all of Iraq," said U.S. Ambassador James Jeffrey at the new consulate. "Today, Marriott; tomorrow, hundreds and thousands more American firms." He said Iraq needs the support of the American commercial business and financial sectors. "And America needs an even deeper relationship with all of Iraq," said Jeffrey. The United States is now among nine countries, including Iran, Egypt and Germany, that have opened consulates in Irbil. As a result of Kurdistan's relatively stable reputation, Western businesses have been more willing to make ventures in the area. "Irbil is ready," said the president of Marriott International, Ed Fuller. Jeffrey said fostering U.S. investment is a key goal to assist in the reconstruction of Iraq and compete against forces trying "to drive America out of here" - an apparent reference to Iran. But Iran also has close ties to Iraq's government. Last week, Prime Minister Nouri al-Maliki met with a senior Iranian envoy to discuss ways to expand trade between the two countries. Jeffrey's remarks came on the same day a U.S. soldier was killed in southern Iraq, where Iranian-backed Shiite militias have stepped up attacks against troops to push the American military out of Iraq by the end of the year. It was the third U.S. soldier to be killed in Iraq so far this month. Fifteen soldiers died in June, nearly all of them by Shiite militias in what was the bloodiest month for the U.S. military in Iraq in two years. http://www.sacbee.com/2011/07/10/3759829/new-us-consulate-in-north-iraq.html WEBITE ARTICLE

I wonder if this news site is any more realistic than the "White Hats " are?

Parliament Speaker refuses any commitment towards U.S. if compensates won’t be paid for Iraqis 7/7/2011 4:06 PM From Current Bagdad News Agency Aswat Al Iraq / Baghdad BAGHDAD / Aswat al-Iraq: Iraq’s Parliament Speaker, Usama al-Nujeify, has vowed not to commit himself towards the United States, if the American side won’t guarantee the right of the Iraqi people in compensations for the losses caused by the country’s occupation, a former Iraqi legislature said on Thursday. The former Independent Legislature, Hussein al-Fallujy, leading a national campaign, demanding Iraq’s compensations for the losses caused by the American side, told Aswat al-Iraq news agency that “Nujeify had vowed in a meeting with him and a number of other Parliament members, that “any commitment won’t be given to the American side, unless it guarantees the right of the Iraqi people, especially the compensations of the Iraqis harmed by the American side.” He said that the “Chairman of al-Iraqiya Coalition’s list in the Parliament, Salman al-Jumeily and its Legislature, Jaber al-Jabiry, have supported Nujeify’s decision.” The former Iraqi Legislature, Hussein al-Fallujy, had led a campaign, demanding the American side to pay compensations for the people of Iraq, estimated at billions ( of dollars, after eight years of U.S. occupation or presence in Iraq. http://en.aswataliraq.info/Default1.aspx?page=article_page&id=143631&l=1 WEBSITE LINK

http://www.baghdadbulletin.com/index.php?cat_id=14&PHPSESSID=ba8af635f76785bd69015e5a712f5859 WEBSITE LINK Please visit above page for full articles HIGHLIGHTS BELOW, Economics & Business US demands audit of Baghdad Stock Exchange companies, Exchange to remain closed till 2004 (17/7/2003) The Baghdad Stock Exchange will not open before the beginning of next year according to Thomas Wriges, an American broker now working for the CPA. Additonally the CPA has demanded an audit of all companies listed there. the full article... Privatising (31/8/2003) An exclusive interview with author Greg Palast on the US plan for the new economy the full article... Corporate Takeover (31/8/2003) Uncertainty abounds as local businesses complain they are left out of reconstruction the full article... Calling Contractors (31/8/2003) Western corporations partner with Middle Eastern firms to bid for cell phone contract the full article... Lack of intellectual property laws aid internet business (7/7/2003) Software piracy and unregulated access leads to booming PC and internet demand in Baghdad… the full article... The Language of Hiring (17/8/2003) Occupation tips the job market heavily in favor of English-speakers, foreigners the full article... CPA to begin taking bids for cell phone network (20/7/2003) More than two months since the official end of hostilities, the Coalition Provisional Authority has announced a bidding timetable for the award of contracts for the building of a mobile phone network in Iraq. the full article... Short Changed (4/8/2003) Kurds angered by the US plans for a new dinar exchange rate the full article... World Bank begins Need Assessment (17/8/2003) The World Bank is active in Iraq for the first time since 1973, and aims to have an office in the country by September. the full article... British firm De La Roue tapped to print “Swiss” dinar (20/7/2003) the full article... Baghdad Stock Exchange unlikely to open before 2004 (20/7/2003) The Baghdad Stock Exchange will not open before the beginning of next year according to Thomas Wrigles, an American broker now working for the CPA. the full article... Banking sector faces problems of funny money and uncertainty over which currency will be used (24/6/2003) The scarcity of the 250 dinar and uncertainty about whether US currency or dinars will dominate the market plague Iraq's banking sector the full article... Debt and peace (10/6/2003) It is a matter of time before the country gives birth to another Saddam Hussein, people in Iraq believe. The problem is that the world did not learn what history should have taught it when it comes to post-war debts... the full article... « PREV [1] 2 NEXT »

Aswat Al Iraq / Politics , Baghdad Iraq wants to expand relations with EU - Maliki 7/10/2011 7:32 PM BAGHDAD / Aswat al-Iraq: Premier Nouri al-Maliki expressed Iraq's desire to expand relations and benefit of European expertise in all fields, particularly in education and reconstruction. In a statement issued by his office following his meeting with the EU ambassador to Iraq , Maliki added that "Iraq wants European presence in the country through cooperation and partnership in reconstruction campaign taking place. Maliki added that the "Iraqi government welcomes signing an agreement with the European Union." On the other hand, he expressed Iraq's readiness to supply Europe with energy, gas and oil during the coming years, because "it will have a high export capacity." The statement added that the ambassador expressed the EU's desire to support Iraq, because it has an effective role in the stability of the Middle East. RM (TS)/SR http://en.aswataliraq.info/Default1.aspx?page=article_page&id=143687&l=1 WEBSITE LINK

Here ya go: http://www.abyznewslinks.com/iraq.htm Website Link Best Wishes... Go Get'm...

SCT: Chat RV and it’s Impact on World Economies Posted by: David - 07/10/2011 12:06 FROM ANOTHER SITE 01:25:28 * Scooter -> Sorry -- tech difficulties 01:25:28 * rsskelton -> kmgilbert27 dont be shy! 01:25:44 * Deek -> I look at the CBI spreadsheet 01:25:47 * Deek -> I see foreign deposits 01:25:52 * Scooter -> kmgilbert27 kmgilbert27 kmgilbert27 Welcome to the Dater 01:25:57 * Deek -> but the net foreign cash reserves from the main page of the cbi remains unchanged 01:26:06 * kmgilbert27 -> Thank You Scooter 01:26:11 * Deek -> also, M1 & M2 figures stopped being updated in April 2011, WHY? 01:26:14 * Scooter -> but their assets have gone up 01:26:42 * Scooter -> plus you hadd the 173 Billion in US Treasuries 01:26:42 * Deek -> Assets went up 01:26:45 * Deek -> Non liquid assets? 01:26:46 * saoirse -> Scooter lol lol 01:26:57 * Deek -> Please say non-liquid 01:26:58 * Scooter -> Net Foreign Assets 01:27:11 * Scooter -> ok 01:27:14 * Scooter -> I have a question 01:27:17 * Deek -> Oh, which could mean - foreign currency assets 01:27:19 * Deek -> garggh 01:27:24 * Deek -> I was hoping for non-liquid assets 01:27:34 * Deek -> See, if you had said... Non-liquid 01:27:38 * saoirse -> Deek 01:27:41 * Scooter -> NP -- that spreadsheet is confusing 01:27:48 * Deek -> I would have said "Hmmph!" I foresee a move to Article VIII w/in reason 01:28:07 * Deek -> Why did they stop updated in M1 & M2 in April 2011? 01:28:09 * saoirse -> Deek lol 01:28:10 * chuckles -> world gold reserves http://xxxxxxxxx 01:28:12 * Deek -> Is this not updated often? 01:28:49 * Deek -> chuckles 62% for MENA 01:29:01 * Deek -> I recall one of the arguments for how the Dong would R/V is due to their massive imports of gold as of recent. 01:29:15 * Confused -> lol 01:29:20 * Scooter -> There's more -- but they'll be consolidated into one or two post 01:29:20 * Deek -> There must be from false issues w/ that speculation 01:29:45 * keepmwlknfny -> Scooter Scooter how much in assets can we verify that they have? 01:29:52 * Scooter -> What percentage of Gold carry as it's total reserves??? 01:29:52 * Deek -> So, that spread sheet shows that the M2 was dropping 01:29:55 * Scooter -> anyone? 01:29:56 * Deek -> until their last post it went up like 1,000 01:30:01 * Deek -> than we didn't see anything beyond that. 01:30:05 * Deek -> Wonder what they're trying to hide. 01:30:19 * kmgilbert27 -> Iceblue update me later going to bed, night everyone 01:30:25 * Scooter -> What percentage of Gold carry as it's total reserves??? 01:30:27 * Scooter -> sorry 01:30:34 * Deek -> 2,821 divided by.... 01:30:39 * keepmwlknfny -> Scooter not very much i would think 01:30:40 * rsskelton -> kmgilbert27 goodnight 01:30:43 * azwife -> gn kmgilbert27 01:30:45 * iceblue -> kmgilbert27 You give in too easy! 01:30:46 * saoirse -> 42 01:30:49 * Confused -> 01:30:51 * Deek -> Net foreign assets of 01:30:59 * Scooter -> For the US, What percentage of Gold do we consider as part of our total reserves 01:31:03 * Riley -> kmgilbert27 good night] 01:31:05 * Scooter -> this one is stunning 01:31:07 * Deek -> 64,596 01:31:11 [Disconnect] kmgilbert27 01:31:15 * keepmwlknfny -> Scooter ohhh I have no clue to be honest.... 01:31:17 * iceblue -> kmgilbert27 Good night Kim 01:31:30 * RVdinar4MyFamily -> Hello People 01:31:32 * saoirse -> :boys: :boys: 01:31:32 * Deek -> So, 0.0436714 01:31:32 * Scooter -> Somebody has been playing games at the FED 01:31:35 * Deek -> is the percentage I got 01:31:37 * Riley -> 46 percent 01:31:51 * Scooter -> from 2000 to 2011 01:31:52 * 2sisters -> less than 30 01:32:10 * Scooter -> the United States increased that percentage to 75% 01:32:12 * Scooter -> so 01:32:13 * Deek -> I got 0.0436... 01:32:15 * Scooter -> dig this 01:32:33 * Scooter -> the country that is supposed to be moving away from backing their currency with Gold 01:32:51 * Deek -> which would be the U.S. I would suppose, right ? Considering Fort Knox maybe empty 01:32:52 * Scooter -> is carrying 75% of their total reserves in Gold 01:33:02 * Scooter -> lol 01:33:03 * rsskelton -> Holy goldbrick Batman! 01:33:05 * Scooter -> yea 01:33:09 * Scooter -> China 01:33:15 * Scooter -> 1.5% 01:33:15 * Deek -> Oh 01:33:20 * Deek -> OKay 01:33:21 * Scooter -> Germany is the only close one 01:33:25 * Scooter -> at 67% 01:33:32 * Scooter -> everybody else is minimal 01:33:33 * Deek -> Now, As of 2011, US had $150 billion in foreign cash assets 01:33:37 * Scooter -> I mean minimal 01:33:39 * Deek -> From my understanding. 01:33:51 * Deek -> As for China 01:33:51 * Confused -> 01:33:57 * Deek -> their like over 3 trillion 01:34:06 * chuckles -> :close: 01:34:07 * Deek -> 1.5% of 3+ trillion would be pretty phenomenal IMO. 01:34:14 * Scooter -> China has 1.8 Trillion in US Holdings -- Treasuries 01:34:17 * Scooter -> japan -- 01:34:21 * Scooter -> 1 trillion 01:34:30 * Deek -> Hmm... I think I found a link that stated 3+ trillion as of.. "March 2011" 01:34:35 * Deek -> USD value 01:34:41 * Deek -> which may or may not include bonds 01:34:47 * Scooter -> they have 3 trillion in foreign reserves 01:34:49 * Scooter -> correct 01:34:58 * Scooter -> but 2/3 is in US Treasuries 01:34:59 * Deek -> and 1.8 trillion is USD? 01:35:04 * Deek -> oh okay 01:35:05 * Scooter -> that's what has them freaked out 01:35:11 * Scooter -> when QE2 jumped out 01:35:15 * Scooter -> they got pissed 01:35:20 * Deek -> Maturity of bonds.. Ruh-roh.. 01:35:25 * Scooter -> the US just started printing money 01:35:30 * Scooter -> like crazy 01:35:38 * Deek -> i.e., dug their hole deeper 01:35:58 * Confused -> okay, totally feeling lost 01:36:04 * Scooter -> They were buying our debt at 60 Bilion a month 01:36:05 * azwife -> because of the rv ? 01:36:16 * chuckles -> seems liek the US needs Iraq to keep the Petro-dollar strong so they can avoid QE3 01:36:17 * Deek -> azwife -- No, they were financing our debt 01:36:25 * Scooter -> Well -- the RV is going to help the US -- 01:36:26 * azwife -> o wow 01:36:32 * Scooter -> I love the Presidents words 01:36:41 * Deek -> azwife - in a sense, CHINA owns us... Economically 01:36:45 * Scooter -> "We have a Unique Opportunity" 01:37:07 * txdinargirl -> i heard Obama had said that but I didn't catch when he said it 01:37:08 * Deek -> They're relying on a particular potential big band-aid.. 01:37:08 * keepmwlknfny -> Scooter Scooter where did enoch get the 70 trillion from in which half he thought could go into the reserves to back the currency??? 01:38:06 * Scooter -> 70 Trillion? 01:38:06 * RVdinar4MyFamily -> Scooter Scooter Hello my friend, long time no see, I think you will like this one tonight, The war will pay for itself...origins http://another site.in...-itselforigins/ 01:38:22 * Deek -> Enoch8 stated it within a chat he did. 01:38:32 * Scooter -> I think that was the value of the country 01:38:43 * Deek -> And he only stated a % of that would be used as non-liquid assets to back their currency 01:38:44 * Scooter -> Deek nawwwww 01:38:45 * RVdinar4MyFamily -> Scooter good, thanks, hope all is well with you 01:38:53 * Scooter -> that's what they said in the 80's with japan 01:39:07 * Scooter -> we didn't owe 80 trillion 01:39:11 * Scooter -> you might be right 01:39:22 * keepmwlknfny -> Scooter Scooter there was a chat where he was sayin they would use half of the 70 trillion to back the dinar and be able to RV....which didn't make any sense to me 01:39:24 * Scooter -> Kung Pao America 01:39:42 * azwife -> lol 01:39:46 * Deek -> Scooter, they are talking about implementing Chinese Economic Zones, which may originate initially out of Idaho 01:39:55 * Scooter -> Deek nope 01:39:59 * Scooter -> west virginia 01:40:04 * Deek -> W. Virginia? 01:40:07 * Scooter -> they speak a similar language 01:40:23 * Scooter -> Exactly 01:40:30 * txdinargirl -> me too chuckles - good point! 01:40:31 * Deek -> 50 square miles practically sectioned off for a Chinese government 01:40:37 * Deek -> not sure how that would uhm, help us 01:40:57 * Scooter -> I'll ask him what he's talking about bud 01:41:00 * keepmwlknfny -> Scooter Scooter Scooter and I don't see how they can monetize the oil to back the currency either.....if it was able to be done, how come these other countries that have been hurting currency wise (including the US) don't do it?? 01:41:00 * Deek -> I can't think of food, that second slab of ribs did me in. 01:41:00 * Scooter -> ok folks 01:41:16 * azwife -> lol chuckles 01:41:32 * Scooter -> keepmwlknfny The one thing I know is this 01:41:35 * chuckles -> oil is already monetized with the petro dollar right? 01:41:38 * Deek -> Scoot, If you ever get a chance, I would love for you to expand on some of the major benefits of Iraq moving into Basil 3. 01:41:43 * Scooter -> when it comes to this RV -- they can do anything they want 01:41:44 * Scooter -> lol 01:41:48 * Scooter -> rules 01:41:49 * chuckles -> black gold texas tea 01:41:51 * Scooter -> there's no rules 01:41:57 * Scooter -> they'll make new ones 01:42:02 * keepmwlknfny -> Scooter Scooter article 40 talks about what can be used as reserves to back the currency and its things like gold, tbills, and some other weird things but no mention of oil... 01:42:18 * keepmwlknfny -> or resources.... 01:42:22 * chuckles -> isn't the QE3 based on buying up T-bills 01:42:26 * Deek -> hmm. 01:42:31 * Scooter -> Ahhhhh -- but have you seen the new rules from the G20 Currency Truce 01:42:34 * Deek -> Natural resources help back currencies, I would have though. 01:42:37 * Scooter -> capitol flows 01:42:40 * Scooter -> and valuations 01:42:52 * Deek -> Iranium, precious metals, etc. Oil would be included 01:42:55 * Scooter -> they really haven't been published all the way from the IMF 01:43:02 * Scooter -> not consolidated 01:43:06 * Scooter -> oh 01:43:13 * Scooter -> you were talking about Iraq's law 01:43:16 * Scooter -> sorry keep 01:43:16 * Deek -> though-thought.. 01:43:27 * keepmwlknfny -> Scooter lol yep 01:43:31 * Scooter -> deek --- that's what Enoch was saying 01:43:38 * Scooter -> caught me off guard on that one 01:43:45 * Scooter -> but after debating him for the last year 01:43:50 * Scooter -> the man knows his stuff 01:44:17 * Deek -> Yes, because, look at Afghan, lithium.... lots n lots of lithium... A natural resource that'll help boom their economy _(Somewhat & over time)__ 01:44:25 * Scooter -> but I'll be posting some stuff early morning 01:45:14 * Scooter -> cya ...................... Good Times late at night... From another site --------------------------------------------------------------------------------------------------- (22:44:47) Scooter: seriously (22:44:53) Scooter: I don't know the Gold story (22:45:00) Scooter: d00gie (22:45:04) Scooter: Tell me a story (22:45:14) Scooter: one with pictures (22:45:16) Scooter: LOL (22:45:17) Scooter: LOL (22:47:00) d00gie: Because we were spending like drunken sailors during the 60's, and under the London Gold Pool, the price was held to $35 an ounce up until, like 1968, when the French (under de Gaulle) said, look we're a country that has the ignominy of having has two hyperinflation's in one century, and we know how this goes. So give us our XXXXXXX metal. (22:47:17) d00gie: *had (22:48:00) Scooter: http://www.gold.org/...curren​cy.pdf (22:48:05) d00gie: Under Bretton Woods, from 1944, all currencies were tied to the "dollar" and the dollar was tied to the gold in Fort Knox at $35 an ounce. (22:48:10) Scooter: This is a XXXXXXX Great Report about the GCC (22:49:18) Scooter: d00gie (22:49:24) Scooter: Keep going (22:49:28) Scooter: this is good stuff (22:49:40) d00gie: The London Gold Pool was the Fed, BoE, Banque de France, Bundesbank, etc. all agreeing to keep the price of gold at $35 an ounce, while the US was printing Federal Reserve Notes like crazy to pay for the War on Poverty, Medicare, and the Vietnam War. (22:50:25) d00gie: So, essentially, they were dumping metal into the market to fix the price, while the US was printing like crazy. (22:50:32) Scooter: keep going (22:50:38) Scooter: I'm posting this chat (22:51:04) Scooter: so is that like monetizing the Gold (22:51:15) d00gie: And in the late 60's, France was the ones who finally said "no more" and demanded redemption in gold for their FRNs. (22:51:33) Scooter: ahhhhhhhh (22:51:55) Scooter: that's a great story D00g (22:52:03) Scooter: Thx (22:52:16) Scooter: so (22:52:26) d00gie: So the London Gold Pool fell apart. Over the next ~5 years, the "official" price of gold went from $35, to $37, to.... up to $42.22 in 1973. (22:53:35) d00gie: But, it was August 15, 1971, when Nixon's Treasury advisers, Assistant Secretaries of the Treasury, Cyrus Vance and Paul Volcker, came to the President and said "Mr. President, we have a problem." (22:53:45) d00gie: *1973 (22:53:45) Scooter: so now, the IMF sells Gold to Highly In-debt nations (22:53:50) Scooter: at 35 SDR (22:54:07) Scooter: Paul Volcker? (22:54:10) d00gie: The IMF doesn't actually hold any gold. (22:54:22) d00gie: Yup. (22:54:25) Scooter: Right (22:54:35) Scooter: but they have a limited amount (22:54:40) Scooter: in fact (22:54:44) Scooter: Gold is a bad word at the IMF (22:54:45) d00gie: And they gave him a choice. (22:55:01) Scooter: keep going (22:55:28) d00gie: "So, Mr. President, gold is flying out of Fort Knox, and something has to happen." (22:56:39) Scooter: I know, I know, WaterGate!!! ha ha ... (22:56:43) d00gie: "We can: A) Change the exchange rate of gold for foreign central banks and sovereign nations -- since it was a felony for you and I to hold gold) to %0:1, or 70:1, or more." (22:56:58) d00gie: *50:1 (22:57:24) Scooter: Really (22:57:27) Scooter: Whoa (22:57:31) Scooter: that's ridiculous (22:58:05) d00gie: "Or, we can try to get Congress to spend less." (Raucous laughter ensues) (22:58:35) d00gie: * B ) (22:59:08) d00gie: Or, we can C) do nothing -- which isn't really an option. (23:00:01) d00gie: "However, Mr. President, there *is*... a fourth option." (23:01:03) d00gie: "We can simply stop redeeming FRNs for gold, unilaterally reneging on the Bretton Woods agreement, and in effect, stiffing the rest of the world. (23:01:29) d00gie: And that's what actually happened on August 15, 1971 (23:01:49) Scooter: WOW! (23:01:57) Scooter: seriously (23:02:07) Scooter: that was one hell of a night time story (23:02:37) Scooter: so we screwed the bretton Woods agreement (23:02:43) Scooter: Sorry -- didn't know that one (23:02:57) d00gie: So, over the previous ~40 years, the FRN had become the world's most desirable currency, and then they removed, effectively any backing from all currencies, worldwide, in one fell swoop. (23:03:21) d00gie: Whereas, all the currencies had been tied to the dollar (23:03:33) d00gie: and the dollar was tied to gold (23:04:25) d00gie: by removing the dollar tie to gold, they launched the scheme of "floating" relative currencies where we are now (23:05:17) d00gie: And the thing that holds it together is the fact that oil is only traded in FRNs, and only in London and New York, and backed up by the threat of force. (23:05:48) d00gie: Those who don't play along, (like Iraq and Iran) get smacked down. (23:06:58) d00gie: The US Military has been the Crown's mercenary force since 1917, and the Fed has been the Crown's cash cow since 1913. (23:07:04) Adam: great, so am I rich yet? (23:07:15) d00gie: lol (23:08:50) d00gie: So you can see why HT and I have no love for the teabags.

HIGHFIVE, Good Work, this is officially a YES Subject! YES YES YES YES

Default Deletion of zeros from the currency_ a deceptively strong imbalances Posted by: David - 07/10/2011 12:11 FROM ANOTHER SITE Writings – Khalid al-Khafaji Proceeded to the Iraqi Central Bank to take the steps necessary for the implementation of its controversial deleting three zeros from the national currency as a measure to address many of the problems of cash (that were not mostly) and suffered by the Iraqi economy after the media campaign crusade led by the Bank consultant hired by some of the characters desperate desperate to defend This action of those who introduced them to the bank they are knowledgeable experts and those who know the economy did not hesitate to accuse someone of objectors to this project and the official channel of the state of being (fifth column) and do not want the state good. Thus, before they are addressing the imbalances in real monetary and economic stability, the central jumps on the facts and trying to pass a deceptively hides the inability to clear in addressing the imbalances of cash to impress the Iraqi citizens that the currency has returned to normal, and costly state-expensive and we do not need for spending on projects, formal and Decorative used our government to adopt it does not earn them the citizen only confuse the market and not Astaqraratha and waste flagrant of public money, has put the central of all the imbalances that failed treatment and were exacerbated by a problem of inflation and the depreciation of the national currency and the phenomenon (dollarization) and the size of the issue cash and reduce the mass of a reason to take this action , and this procedure is two-dimensional, the first is the deletion of three zeros from Iraqi dinar, and the second raising the nominal value and improve the exchange rate against U.S. Dollars to be (one dinar = one dollar) instead of (1180 dinars = one dollar), an increase equivalent to (15% ) almost from its value, guided by the states have taken such action, such as Germany and Japan after World War II, if the central bank had overlooked on purpose that Maishdh Iraq’s problems and the political and economic crises and robbed of his will and his independence in decision-making, we turn away a lot and not let the room to compare what between Iraq and between these two countries, which arrived to the highest levels of political and economic stability and accelerated growth rates and a surplus of income before you take such action as a result of its success in addressing the problems and economic imbalances, the situation in Iraq will be like what happened in Turkey, which was deleted (6) zeros from currency and Lebanon, which was omitted (3) zeros from the currency in the early nineties of the last century, but the zeros soon returned because of poor processors real monetary gain and this procedure only cost to replace the currency high and the chaos that erupted in the market, while the other dimension which is associated with the move and goal raise the value of national currency, it represents a Twitter alone outside the flock, not dissension not only in economic theories, nor in the experiences of countries that have passed or pass in such circumstances, and often used countries that suffer from economic problems mentioned procedures to reduce the value of its currency to deal with the deficit in public budgets and inflation self (which affects the Iraqi economy,which means more money in circulation in the local market) in addition to activating the tax system and impose a customs tariff of additional withdrawal of surplus cash from the market and not vice versa, in a time when the world marked deterioration of the value of the dollar in world markets and the war of currencies seeks most countries to immunize the economy from crisis to devalue its currency, but many countries maintain the already low value of its currency, like China, with political and economic stability and high growth rates will not bend Western pressure and crisis diplomacy with them to bow to their demands and raise the value of its currency and consider this an internal affair of Aa_khashm, and Japan with the economy the third world maintains a low value (to Lin) against the dollar and often take action to reduce the high value of its currency against other currencies to keep (the benefits of low value of the currency), Inflation and the depreciation of the national currency and dollarization and increase the size of the issue cash are only a reflection and an inevitable result of failed policies followed by the central bank will save a deletion of zeros from the disposal of these problems, and that lifted the constant value of the national currency, led to the rise in the money circulating in the market and create inflation problem in the Iraqi economy, coupled with increasing government spending and raise support for some of the articles associated with the sectors of vital economic led to increased prices are crazy, creating the worst kind of inflation, a (hyperinflation), which vanish when the value of national currency to the point of collapse, presence of inflation in the Iraqi economy means the failure of monetary policy in achieving the main goals of achieving a general stability in the markets and this inevitably leads to the orientation into the currency more stable and more acceptable in the market thereby creating a policy (dollarization), so the proposed actions are actions far from the treatments of the problem, will not raise the value of national currency, the real increase of degradation, it will increase its money supply in the domestic market by the increase in value is proposed, arising out of this increase more demand for goods and services and to engage in speculation and additional financial exacerbate the problem of inflation and increase the deterioration of the value of real currency and its purchasing power, and pay the owners of capital Iraqis to increase the proportion of replaced the national currency in foreign currencies and invest abroad, and this measure also would exacerbate the deficit in public budgets, as will be reduced when state revenues from local currency to all parts of the general budget by the increase in the value of the currency, and the consequent increase in the proportion of external borrowing and the high cost of material, political, and the loss of differences increase oil production to compensate lower state revenues from the currency local and recall, as we have been remind him repeatedly that raising the value of the currency leads to higher cost of domestic production compared to low production value, the importer and spend what’s left of the productive sectors of Iraq’s inability to compete due to price differences and the additional costs borne by the producer of Iraq for the lack of services and infrastructure and corruption and the instability of the market, and this will encourage the import of goods and services from abroad instead of relying on domestic production and Saazv investor, whether local or foreign investment in the local market, and will be added many others to the army of the unemployed who did not state to find a solution to their plight, which are created for them. We might not find it seemed to ask some questions, which revolve minds of the Iraqi citizen with regard to monetary problems has been fabricated by the central consolidation, namely: If the reason for the blockade of the deterioration of the value of local currency, why have not noticed any improvement undergone after its removal? Especially as we have seen in the past and how the value of the currency and inflation levels decreased by (90%) just for Iraq’s agreement to a memorandum of understanding (oil-for-food) with the United Nations General (1996) and a decrease when the last signature? And why the withdrawal of the Central Bank of denominations of small trading in the markets, to be the smallest currency is (250) dinars, with the exchange rate of one dollar is equal to (1190) dinars after that was the smallest coin in circulation is (25) dinars, with the exchange rate to the dollar reached (3000) JD? Any stability of the Central Bank to sing and he did not keep the value of currency, the real purchasing power and ability to put a price much higher than the KD value? Because of this contradiction between fiscal and monetary policy is better than the public spending to bring the deficit, and the other raises the value of the currency to reduce its revenues, together with that they are subject to the advice of experts from the bank and the IMF? Is there a currency in the world printed in three languages ​​with equal Kurdish minority language with the language of absolute majority, or that all the currencies of the world printed in the state language and English major as a second language? What will be the fate of the currency after (right to self-determination) demanded by the minority? Questions will fall short of the central bank does not answer in the ability of the government objection, it is the policy of fait accompli imposed by the Bank and the IMF failed against corrupt regimes and vulnerable to their need urgent Their loans to bridge the deficit of public budgets, and the adoption of central bank application, and summarized as follows: First – the creation of very high inflation rates lead to a deterioration of the domestic currency value of the real and lose their purchasing power. Second – put exchange rate of the local currency higher than the deteriorating value of the real and equal the U.S. dollar, and this leads to the dollar to lose value and also the deterioration in the domestic market. III – Raising the national restrictions to the movement of capital, to find the road ahead of them took the pump in the Western banks and empty Iraq of foreign currency. IV – back again this capital loans to cover the deficit in public budgets from the World Bank or IMF high interest rates and unfair terms, or expensive investments dominate the local market and control the stability of the political and economic situation together.

* faithworks (Bulldog75: Percentages on Cash-in Posts): FROM ANOTHER SITE July 10, 2011 09:28 am · Posted in DOOZIES · Comments Off 7:00 PM [bulldog75] Update, As of Sat, July 9th, 7pm CST:a 97% Rate Post continues through Sunday; This increases to a 98% Posting Rate Monday 12amCST thru Tuesday midnight; then a 99% Posting Rate Wed 12am thru Midnight Thursday! Many reliable sight postings have shown SIGNIFICANT reliable intel factors taking place through strategic key result locations which are necessary for: computers, forex, WB, IMF, UST, CBI, US banks to communicate with one another and implement the RATE. There have been many factors leading to the Rate Post delay, some of which have centered around archaic communications and that inability to interact with modern technology. Stay tuned to your reliable intel sources for probable Emergency CC for Sunday and Monday as Landfall/Windfall becomes more apparent/imminent during the next 24-72 hours. Blessings.

Skype: Tariq 07/10/2011 Revaluation May Take Place in 2011 Posted by: David - 07/10/2011 11:28 FROM ANOTHER SITE [9:58:32 AM] Tariq : David and Diana, I wanted to call you 2 days ago but you were not online. The great news is that according to the deputy of the minister of finance, Iraq will make the revalue before the end of this year and they are insisting that even some fraud may accompany the process but they will revalue this year [10:08:24 AM] David: WAW. Thank You Tariq. This is Very Very Good News. [10:08:44 AM] Tariq : You welcome bro [10:08:57 AM] David: amazing stuff [10:09:05 AM] David: I am looking for an article to post it [10:09:20 AM] David: do you mind if I post that snippet of chat in Blogg Iraq channel ? [10:09:40 AM] Tariq : Am on base david [10:09:50 AM] Tariq : but I'll try to find you a post [10:10:19 AM] Tariq : so this is a government computer and I can't access almost everything [10:10:32 AM] Tariq : and I can't install things like the hub on it [10:11:01 AM] David: no problem [10:11:03 AM] David: u don't need to [10:11:07 AM] David: I will find it [10:12:22 AM] Tariq : but it is weard he said that the currency will have the same value [10:12:27 AM] Tariq : but with new prints [10:12:30 AM] Tariq : I thinks he missed it [10:12:52 AM] David: lol\yes [10:20:21 AM] Tariq : LINK TO INFO [10:20:30 AM] Tariq : it is not the thing but its related [10:20:46 AM] David: yes thanks [10:20:48 AM] David: good job [10:20:56 AM] Tariq : I can't use arabic keyboard here to get the arabic news and translate it [10:22:19 AM] Tariq : if this is correct then you guys are really smart [10:22:31 AM] Tariq : its the dinar war [10:22:49 AM] David: yes it is [10:22:58 AM] David: I strongly believe this [10:32:19 AM] Tariq : oh new update [10:33:08 AM] Tariq : the CBI advisor mohammed salih is saying that what the deputy of the finance minister is not true [10:33:22 AM] David: oh [10:33:30 AM] David: what is he saying [10:33:44 AM] Tariq : LINK TO INFO [10:34:16 AM] Tariq : he is saying that this is a strategic project that we cannot give a time frame to implement [10:34:43 AM] Tariq : he is also saying that the government is the one who set this time frame [10:34:56 AM] Tariq : and approve the revalue [10:35:05 AM] Tariq : look [10:35:07 AM] David: cool thanks. it is a process I always maintain [10:35:11 AM] David: The process is [10:35:16 AM] David: 1) Lower Denoms [10:35:38 AM] David: 2) Note valueing $100 USD introduced [10:35:53 AM] Tariq : the deputy of MoF said that the CBI is insisting [10:35:58 AM] David: 3) Remove 3 Zero Notes from the Market Place [10:36:01 AM] Tariq : so the advisor is throwing the ball [10:36:14 AM] Tariq : and telling that we are not the ones who is insisting [10:36:20 AM] Tariq : we cannot give time frame [10:36:39 AM] David: 4) add value to the Dinar [10:36:57 AM] Tariq : no smoke without fire [10:37:10 AM] David: I hear you [10:37:14 AM] Tariq : It means that the RV is in process [10:37:21 AM] David: GREAT [10:37:24 AM] David: I think so [10:37:29 AM] David: teh Process ahs begun! [10:37:31 AM] Tariq : post this on my behalf please

Rodger of DT said in a Phone interview conference call that: They have no prior knowledge to the Rv , NONE, Not anymore than you or I have, instinctively, I could believe that he might see initial indications of the RV before us, possibly like the hint of dinars becoming harder to acquire from certain sources, but other than that... his authentic news is just like ours, IMHO....

NEW YORK-The Federal Reserve Bank of New York has cooperated closely with the Special Inspector General for Iraq Reconstruction's (SIGIR) audits of the Development Fund for Iraq (DFI). (Media-Newswire.com) - NEW YORK—The Federal Reserve Bank of New York has cooperated closely with the Special Inspector General for Iraq Reconstruction's ( SIGIR ) audits of the Development Fund for Iraq ( DFI ). The release of information about foreign central bank accounts requires approval of the account holder, which the New York Fed has routinely obtained in earlier DFI audits, providing the requested data as promptly as possible. The shipments of cash from the New York Fed to Iraq during the tenure of the Coalition Provisional Authority ( CPA ) have long been a matter of public record. SIGIR and the New York Fed fully expect to continue to cooperate closely as the SIGIR conducts further audits of DFI account activity. According to Stuart W. Bowen, Jr., the Special Inspector General for Iraq Reconstruction, "SIGIR and the New York Fed have enjoyed a positive and effective working relationship regarding DFI audits executed by SIGIR over the past seven years, and I look forward to continuing that relationship on future audit work." Contacts: Jeffrey Smith ( 212 ) 720-6139 ( 646 ) 720-6139 jeffrey.smith@ny.frb.org Jack Gutt ( 212 ) 720-6142 ( 646 ) 720-6142 jack.gutt@ny.frb.org Release Date This story was released on 2011-07-09. Please make sure to visit the official company or organization web site to learn more about the original release date. http://media-newswire.com/release_1155361.html

In the ORIGINAL POST... DROX's I can see NO-WHERE... especially as apparent from the above quote.... WHERE did he say: He also bluntly stated that the revaluation of the Iraqi Dinar is imminent, and those invested in the currency outside of Iraq's borders stand to make millions. We, as a grateful nation, figured it was the least we could do to repay the citizens of the countries who sacrificed their lives to free us from the great oppressor, Saddam. I can not see this in the original quote that DROX posted.... UNLIKE: zaborniake's POST, on 09 July 2011 - 06:24 PM, said: Was this just randomly inserted as humor... or did I miss something... Read more: http://dinarvets.com/forums/index.php?#ixzz1RfLMzgot

Sadr and Maliki allies or rivals,? 2011-07-08 02:00:00 Analysts said the pledge cleric Moqtada al-Sadr to derail the U.S. occupying forces, and his withdrawal from the government in case of survival, and the tendency of Iraqi leaders to keep the American force until after the date of withdrawal, could trigger a confrontation between Sadr and Maliki, may have devastating consequences for Iraq. Confusion still surrounds the center of this Agreement is considerable variation in assessments of the security situation between political partners, although he had not left before the agreed date between Iraq and the U.S. administration for the withdrawal of all occupation forces from Iraq by the end of the year but less than six months. The MP said Qasim al-Araji, a member of the National Alliance: We reject the survival of any U.S. troops in Iraq beyond the end of this year, but the picture is still blurred between the political blocs, and agreement on a common position. He added: There is a difference of views between the political blocs, as well as the government does not want to give her opinion and definitely want to have a unified resolution of all the political blocs and the subject is difficult to achieve. And tends opinion of the Kurdistan Alliance in the Iraqi parliament to support the survival of the balance the American occupation forces in Iraq for a second phase, as revealed Sadrist movement led by Muqtada al-Sadr said he opposes the survival after the deadline specified in the security agreement. The MP said Iskandar, a member of the Tut security and defense committee in parliament, a member of the Iraqi List: There is currently no firm decision on the subject of the withdrawal of U.S. troops from Iraq. He added: We need to assess the position of the Iraqi government on the efficiency and readiness of Iraqi forces to stage Jbash after the withdrawal of the occupation. He stated that the Iraqi List, a meeting will be held next week to discuss the matter in detail to develop a unified opinion on the issue of the withdrawal of U.S. forces. Mohammed Bazzi, a researcher at the Council on Foreign Relations U.S., in an article analytical newspaper "The National" UAE English-speaking, that while seeking U.S. President Barack Obama to pull U.S. troops out of Afghanistan, which is the scene of the longest American war, will face his administration soon another crisis, is to determine whether U.S. troops will remain in Iraq. But this decision is not only in the hands of Obama, as seen dressed as the American of Arab origin, as under the security agreement between Washington and Baghdad, the remaining troops and the 46.000-strong military, should leave by the 31 of December. But some Iraqi leaders are pushing for a new agreement, that would allow for a small unit of U.S. forces to stay until after the deadline for withdrawal, particularly since there is of the opinion that Iraqi forces still need help in the field of intelligence gathering and defending the borders of the country and airspace. Prime Minister Nuri al-Maliki said he would ask if the survival of the occupation forces agreed to most of the Iraqi parliament and political leaders to the idea. But Muqtada al-Sadr was counting on his reputation, to force the occupiers out of Iraq. He dressed as Sadr's followers staged in late last May, the largest political demonstration in Baghdad since the U.S. invasion in 2003, combining 70 000 of his followers in Sadr City, chanting "No, no, America," What sent a letter to Iraqi leaders that the they should not allow the U.S. to keep troops in the country beyond the end of this year. But the show of force that, in the opinion Bazzi, carries another message that Sadr is ready to unleash his fighters once again against the rival Iraqi and U.S. forces, if deliberately al-Maliki to conclude an agreement to keep U.S. forces in Iraq, even though the members of the Mahdi Army were not armed, but they were wearing uniforms and marching with discipline and military organization, And Ray Bazzi said the show of force last done by the chest, between the larger scale, how Iraq is still unstable, and how the political wrangling that could worsen in the midst of discussions of Iraqi factions on the future of American forces, vowed to Sadr to withdraw from the Maliki government, that Try to maintain a U.S. presence in Iraq beyond 2011. With such a fragile alliance to keep it in power, Maliki can not afford losing the support of the Sadrist bloc. With its focus on poured triggered uprisings in the region, the Obama administration tried to portray Iraq as a success story where democracy flourishes, and violence under control. But the reality is more complicated, as the Iraqis were not able to govern themselves without falling prey to the political deadlock, and interventions in foreign countries and the battles that take place on behalf of his land. The security situation around Baghdad is still weak, is seen the assassinations and other attacks occur almost daily. In recent weeks, there was an escalation in the bombing of U.S. embassy compound in the fortified Green Zone, as well as the bombing of American military bases near Baghdad airport. And again shows the tendency of the ruling al-Maliki as a strong, after 6 months of the performance of his coalition government sworn in, not appointed as minister of defense or interior, preferring to fill these bags by proxy. Moreover, the broad cabinet reshuffle, which includes more than 40 ministers, proved that it can not be administered while continuing the bickering political factions. As the leaders meeting behind closed doors, according to lead researcher, to take decisions more important, with a few members of the elected parliament. The roots of many of these problems to the political maneuvering that ensured that the owners of a second term as prime minister. Under the agreement, which ended the political crisis, the Iyad Allawi; competitor Maliki's coalition president, who won two extra seats in the elections more than a list of al-Maliki, agreed to abandon his bid to be prime minister. In contrast, the Allawi as the Chairman of the Board of strategic policies created, which is supposed to have authority over the affairs of national security and the economy. But Maliki has distanced after the formation of the Council, and Allawi is now without a position in government. In conclusion, uniform analysis by saying that about the background of failures of government wrangling sectarian rival, al-Maliki and Sadr, the two allies is stable does not trust each other, standing at the head of a new confrontation over the fate of U.S. forces, pointing out that the nature of the resolution on this matter, it can rupture Iraq weak to begin with. http://translate.google.com/translate?hl=en&langpair=ar|en&u=http://alarabiya-news.com/ifm.php?recordID=2238