mrb

From WealthDaily.com The Revaluation of the Iraqi Dinar How the U.S. Plans to Make Trillions By Greg McCoach Friday, July 8th, 2011 U.S. national debt will exceed $14.5 trillion by the end of the summer. The government has been underwater so long, it has gills... But despite their desperate condition, the Feds still have a few tricks up their sleeve that will allow them to keep “kicking the can” down the road. One of the gimmicks they've cooked up to stave the wolves off is becoming more and more evident: The revaluation of the Iraqi dinar. The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country's massive oil industry. After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar. Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur. But here's the really interesting part... The U.S. Government is the Largest Holder of Iraqi Dinar Outside of Iraq Does that really come as a surprise? The U.S. Treasury does not officially list the Iraqi dinar as part of the country's forex reserves. New Iraqi Dinar see detail of 50 dinar bill However, the Treasure does say it did an initial currency swap with Iraq to fund their government and Ministries... Exactly how many dinars were traded is not mentioned, but it does make reference to “billions of U.S. dollars” traded to Iraq. About two months ago, Iraqi dinars could no longer be purchased; the recent Dodd Frank bill appears to have legislation related to the revaluation of a foreign currency and preventing mass hysteria. From what I have been able to gather, it sounds like this plan was originally put together by George Bush, **** Cheney, Alan Greenspan, and others years ago as a way for the U.S. government to be repaid (read: get kickbacks) for their efforts in Iraq. Experts speculate the U.S. government received nearly 4 trillion Iraqi dinars at an exchange rate of 4,000 dinar to USD1. If this is even close to true — and the UN allows Iraq to revalue their currency up to USD1: one Iraqi dinar — the U.S. government would stand to profit in trillions... as would anyone else who speculated on the dinar over the years. Bush’s statement, “This is a war that will pay for itself,” will be true 10 times over. Check out how the House of Saud got taken for $267 billion of their own crude oil.

THis is from WealthDaily.com The Revaluation of the Iraqi Dinar How the U.S. Plans to Make Trillions By Greg McCoach Friday, July 8th, 2011 U.S. national debt will exceed $14.5 trillion by the end of the summer. The government has been underwater so long, it has gills... But despite their desperate condition, the Feds still have a few tricks up their sleeve that will allow them to keep “kicking the can” down the road. One of the gimmicks they've cooked up to stave the wolves off is becoming more and more evident: The revaluation of the Iraqi dinar. The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country's massive oil industry. After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar. Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur. But here's the really interesting part... The U.S. Government is the Largest Holder of Iraqi Dinar Outside of Iraq Does that really come as a surprise? The U.S. Treasury does not officially list the Iraqi dinar as part of the country's forex reserves. New Iraqi Dinar see detail of 50 dinar bill However, the Treasure does say it did an initial currency swap with Iraq to fund their government and Ministries... Exactly how many dinars were traded is not mentioned, but it does make reference to “billions of U.S. dollars” traded to Iraq. About two months ago, Iraqi dinars could no longer be purchased; the recent Dodd Frank bill appears to have legislation related to the revaluation of a foreign currency and preventing mass hysteria. From what I have been able to gather, it sounds like this plan was originally put together by George Bush, **** Cheney, Alan Greenspan, and others years ago as a way for the U.S. government to be repaid (read: get kickbacks) for their efforts in Iraq. Experts speculate the U.S. government received nearly 4 trillion Iraqi dinars at an exchange rate of 4,000 dinar to USD1. If this is even close to true — and the UN allows Iraq to revalue their currency up to USD1: one Iraqi dinar — the U.S. government would stand to profit in trillions... as would anyone else who speculated on the dinar over the years. Bush’s statement, “This is a war that will pay for itself,” will be true 10 times over. Check out how the House of Saud got taken for $267 billion of their own crude oil.

Very nice!

Sorry for spelling errors, I was mad!

Let me tell you something redsand, I may be a newbie on here on here because I do not get on here every day or post everyday and I have probably been invested longer then you. I expect nothing from this investment and joined it years ago based on a dear friend who is now deceased, that told me to do it, and I love here and admire her deeply so I did. If this fizzles tomorrow I lost my investment just like any other business investment I have made that went south. I have nothing to gain and definitely do not intend this to influence anyone to taking more RISK, THAT IS WHAT THIS IS! I after contemplating all day if I should even share this thought I shoul, it is real and did happen, whether anything comes of this I do not know. So resand, not everyone is some stupid newbie, I have seen them myself and your comment has reassured me I should have kept to myself.

I never post anything because I think most of this is hype. I was off this afternoon and I thought all day wether or not I should post this and knew that most would not believe me. I can tell you that it did happen, I did not prompt it, and this man told me his contract was only good if there was a revalued currency. Oh well that is just my two cents. He is leaving Friday.

I was at work this morning when a client told me he was leaving for Iraq on Friday. He brought it up, I asked, I wonder how the dinar is doing? He said do you have some and I said yes, he said that his company just got the contract for a electronics deal they have been working on and it was based on a revalued currency and he will be there for three weeks. I said really! He said yes and that I should hear something within a week, I said that I hoped it was 1 to 1 with the dollar, he said I think you will see closer to 3. This actually happened today, I am always skeptical but he was very informed of what his company is doing. I hope this is true, he did say before the end of the month I should know!

That was an owl.

Helllllo from Texas!

Mrb from Austin, Texas!