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About suzieQ

  • Birthday 01/19/1955

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    Port Richey, FL

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  1. Ok, so I'm wondering if my take on this is the same, or close to anyone else's take on it. Anxious to hear the comments. By the sorry if it's posted elsewhere...I went 3 pages back and didnt see it, so here it is:unsure: April 14th, 2012 06:46 am 4/14/2012 | (Voice of Iraq) – add comment – BAGHDAD – The Euphrates News revealed Advisor to the Prime Minister for Legal Affairs Fadel Muhammad from the conversion of more than $ 200 billion out of Iraq by the Central Bank auction to support a fixed rate for the dinar exchange. saw the Iraqi dinar exchange rate declined significantly over the past few days against the U.S. dollar to reach in local markets to 126.5 thousand dinars for the paper category percent dollars. said Fadel told {Euphrates News} on Saturday that he “does not have in the world today a central bank continues to hold auctions and pumping the dollar to support the fixed exchange rate of the dinar,” noting that “the fact that this new experience has emerged in which mistakes and thus benefiting people who are not traders. ” and went on to say “we are buying the dinar and give the dollar and turn these amounts auctioned to the outside through remittances.” and added that “there are people involved in the auction the central bank, they are not really traders did not go these amounts for the purposes of the state and the private sector and cover the needs, but I went into the pockets of speculators and smugglers, and they became the beneficiaries of the money allocated to the projects and Welfare of the people. ” said Fadel and that “there is a representative of the bank is the bank governor, a member of the Economic Commission.” LINK April 14th, 2012 06:31 am · Posted in NEWS (Iraq & World Currency) The independent Iraqi news agency / follow-up. The member of the parliamentary Economic Committee Abdul-Hussein Abtan to take bold steps and quick to raise the Iraqi dinar exchange rate against the U.S. dollar. Abtan said in an interview quoted (and independent Iraqi news agency) that the low price of the Iraqi dinar had burdened the poor citizen because of the openness of the domestic market is witnessing As well as import goods from abroad. “ He added That everyone is aware that the price of the Iraqi dinar four years ago is Xaara three months ago did not see any fluctuation in price, despite the reserve of the Central Bank of Iraq. Stressing that strengthening the purchasing power of the citizen comes by increasing the Iraqi dinar exchange rate against the dollar. “ He noted that the Parliamentary Economic Committee has hosted more than once, the central bank governor and asked him to take bold steps and quick to enhance the value of Iraqi dinar against the U.S. dollar. “ LINK These 2 articles make me think more about the so-to-speak decision they made yesterday "not to delete the 3 zeros" until further notice.... Not sure about you all, but the last 2 days have got my head spinnin and actually believe something will happen to us real soon that we expected, but really not expecting it....(did that make sense?...)
  2. Wow...I was browsing all over the site and had no problems?.....hmmmm
  3. Me too, but why stop? I see a news article here printed in the European Times Online Newspaper??....How could they post all of this and it not have any truth to it...what makes this a "BLOG"??......yea....thats what I need to know....
  4. Sorry...first thing I checked is to see where it came from and it is posted by, "The European Union Times Online Newspaper"....they allow comments...How is this considered a "Blog" ? I see nowhere on the site where there is a link to a "Blog"?.....Just curious why you say that.
  5. I looked all over for this article, my apologies if I missed it. I'm just really interested in what everyone thinks about this and what it could mean:huh: Russian Move Against US Called “First Shot” Of World War III January 10th, 2012 05:26 pm A grim Ministry of Finance report prepared for Prime Minister Putin is warning today that the decision by Iran to cease taking US Dollars for its oil could very be the “first shot” fired in World War III, and one which Russia will be blamed for by the Obama regime. According to this report, Iran swiftly countered planed US sanctions against its Central Bank yesterday by announcing that it will no longer accept the US Dollar as payment for its oil shipments to India, Japan and China, and further announced that bilateral trade between itself and Russia will, also, break from the US Dollar for settlement in favor of the Iranian Rial and Russian Rubles. Sure to enrage the Obama regime, this report continues, was that the proposal to switch to the Ruble and the Rial was raised by President Medvedev at a meeting with his Iranian counterpart, Mahmoud Ahmadinejad, in Astana, Kazakhstan, of the Shanghai Cooperation Organization. Though Iran had previously announced in 2008 that it had stopped trading its oil for US Dollars (Ahmadinejad called the depreciating US Dollar a “worthless piece of paper”) India, Japan and China were made exempt due to their large holdings of American currency and fears of wreaking further chaos on the global economic collapse that had just begun. Important to note, this report reminds us, is that a similar move by Iraq’s former leader Saddam Hussein in not accepting US Dollars for oil in 2000 brought about the invasion of his country by the Americans and their European allies resulting in his eventual execution and causing the vast wealth of Iraqi oil and gas fields to be turned over to the Western oil giants. Likewise, this report says, former Libyan leader Muammar Gaddafi earned the same fate as Hussein after he, in the months leading up to the US-NATO military attack on his country, called on African and Muslim nations to join together to create a new currency that would rival the US Dollar and Euro and saying that Libya would only sell oil and other resources around the world only for gold dinars. Most oil sales throughout the world are denominated in US Dollars, and according to proponents of the petrodollar warfare hypothesis, because most countries rely on oil imports, they are forced to maintain large stockpiles of Dollars in order to continue imports. This creates a consistent demand for US Dollars and upwards pressure on its value, regardless of economic conditions in the United States. This in turn allows the US government to gain revenues through seignorage and by issuing bonds at lower interest rates than they otherwise would be able to. As a result the US government can run higher budget deficits at a more sustainable level than can most other countries. But, this report reminds us, the current budget deficit of the US has now reached the staggering amount of $15.23 trillion which is the size of its entire economy, and with the Federal Reserve preparing to being another round of massive printing this coming summer the loss of Iran’s oil customers needing US Dollars could very well signal the collapse of the entire American economy. Though the Obama regime has sent its Treasury Secretary, Timothy F. Geithner, to China and Japan today in an effort to persuade them to cut back on Iranian oil this effort appears doomed from start as the Chinese have outright rejected this move and Japan has, likewise, expressed its concerns. As is always the case in these type of dire matters, reports from the US show its mainstream propaganda media organs are not reporting on this potentially catastrophic turn of events leading to yet another circumstance where the American people will be taken by complete surprise when this cold war suddenly turns hot. In order to prepare itself for what is to come, however, a vast Russian naval fleet arrived in Syria yesterday in an attempt to forestall US-NATO action against its Middle East ally currently under attack by the CIA-backed terrorist group known as al-Qaida. Most shocking in this report are some Russian economists stating that the Obama regime is actually anticipating the collapse of the US Dollar as a “solution” to their being able to implement drastic socialistic change such as was done during the Great Depression under President Franklin D. Roosevelt, and which the grim statistics being reported from the US show they are, indeed, nearing total economic collapse and include: 1. A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty. 2. Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished. 3. If the number of Americans that “wanted jobs” was the same today as it was back in 2007, the “official” unemployment rate put out by the U.S. government would be up to 11 percent. 4. The average amount of time that a worker stays unemployed in the United States is now over 40 weeks. 5. One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers. 6. There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then. 7. Since December 2007, median household income in the United States has declined by a total of 6.8 percent once you account for inflation. 8. According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006. Today, that number has shrunk to 14.5 million. 9. A Gallup poll from earlier this year found that approximately one out of every five Americans that do have a job consider themselves to be underemployed. 10. According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages. As the buildup for war between the US and Iran continues to escalate, UN Chief Ban ki Moon’s call for the easing of tensions has gone unheeded as the Obama regimes call for the “dogs of war” to be unleashed on the Iranian people shows no sign of abatement. To what the final outcome may be in all of these events was detailed by Professor Igor Panarin of the Diplomatic Academy of the Russian Ministry of Foreign Affairs who has long warned the United States is in a state of economic collapse which will see America being divided up into 6 regions [Map bottom right] due to a “vulnerable political setup,” “lack of unified national laws,” and “divisions among the elite, which have become clear in these crisis conditions.” Interesting to note about Professor Panarin’s prediction of the United States splintering into different regions are new reports coming from the United States showing that the Obama regime has recently called for the staffing of what are called FEMA Concentration Camps in not just 6, but 10 different regions of their country. Professor Panarin further warned that “a secret agreement was reached between Canada, Mexico and the US on a common Amero currency as a new monetary unit” and said that “this could signal preparations to replace the dollar.” When asked how Russia should react to his vision of the future, Professor Panarin said: “Develop the ruble as a regional currency. Create a fully functioning oil exchange, trading in rubles… We must break the strings tying us to the financial Titanic, which in my view will soon sink.” :blink:
  6. Thanks! I swear I looked and did not see a heading that I thought was this. Sorry for the:o double post....
  7. By Thomas Kostigen SANTA MONICA, Calif. (MarketWatch) — There are more than 208,000 posts on the forum web site about Iraq dinar speculation alone. The top thread is “CNBC’s Jim Cramer is High on Iraq Investment & ETF Dinar Fund.” Clearly, investing in Iraq is a hot subject and investors are eyeing opportunities as the U.S. declares the war there officially over. The private sector’s queue will certainly pick up where the troops left off. Infrastructure engineering, technology, and consulting firms are set and primed to pounce. Once the oil law in that country finally gets passed — determining which companies get the oil contracts and concessions — a whole other industry of opportunity will also evolve. It can’t be forgotten that Iraq’s oil reserves make it a very wealthy nation. Indeed, many believe that is why the U.S. got in the war there to begin with (although that seems curious now). In any event, the most immediate question for armchair investors is going to be what happens with the dinar once Iraq is left to govern on its own. Click to Play Iraq mission ends with flag lowering in Baghdad The U.S. flag was lowered Thursday in Baghdad at a ceremony to mark the formal closure of the American military headquarters and end of the Iraq mission. Impact investors have a slew of other investment considerations. Impact investors typically seek to make private investments in social enterprises that aim to do good and provide a financial return. In Iraq private-education facilities, water purification and delivery systems, and “carbon filtering” are a few examples of the types of enterprises that could be borne out of the war. In fact, there may be no better place to showcase the power of investing for good than in Iraq. After all, the U.S. engaged in nation building — and has now left the building to others. Why not make it sustainable? Where else in the world are there opportunities to build governance systems, infrastructure, and enterprises from the ground up? There are hundreds of investment funds that can create enormous impact there with their capital. They can now do good where so much bad has been done. Al Gore, in an editorial that appeared in The Wall Street Journal on Wednesday, outlined “A Manifesto for Sustainable Capitalism.” He and his partner in Generation Investment Management, David Blood, who co-authored the piece, should put their ideas and philosophy to work in Iraq. Read Gore’s op-ed. They define sustainable capitalism as “a framework that seeks to maximize long-term economic value by reforming markets to address real needs while integrating environmental, social and governance (ESG) metrics throughout the decision-making process.” Gore and Blood say “such sustainable capitalism applies to the entire investment value chain — from entrepreneurial ventures to large public companies, seed-capital providers to institutional investors, employees to CEOs, activists to policymakers. It transcends borders, industries, asset classes and stakeholders.” It’s an ambitious call to order. For others, sure, go ahead and create an exchange-traded fund based on the price of the dinar, or on the Iraq Stock Exchange (where listings, by the way, have grown dramatically since the U.S. invasion and effective takeover). Private investors can seek out their own brand of investments there, too. We should hope that they just make sure investments there are sustainable. If there is anything Iraq needs, it’s sustainability — in a good way — after such a prolonged period of unsustainable recourse.
  8. Industrial Bank: exit Iraq from Chapter VII gives him the freedom to deal with international banks December 16th, 2011 05:02 pm Director-General of the Industrial Bank Mohamed Abdel-Wahab: The exit of Iraq from Chapter VII gives the financial sector more freedom in dealing with international banks, and reduce costs to all industrialists, indicating that the abbreviated steps intermediaries and the associated additional costs, In addition to that dealing with global banks have a direct and more credible. He said Abdul Wahab, according to the Agency (news): The problem of banks in Iraq are selections paragraphs of Section VII attending to deal with banks, local government, which confiscated sums of money that is traded internationally, pointing to the possibility of the adoption of all international regulations banking in our banks, public, and are associate involved in developmental courses in all disciplines to increase the efficiency of bank personnel, and stand on the latest findings of the global banking sector and the mechanics of his work and dealings. The Industrial Bank works to provide loans to a large number of industrial projects in order to activate most of the production in local industries. Does this mean they are out of Chapter VII?
  9. Yikes... I hope I didn't offend any Australians by saying " Aussies"...I thought it was a norm? Sorry if I did...
  10. Thank you... May I ask if you are in Australia and if you can see any kind of IQD rate from there? I just asked him to check Forex out of curiosity and he said there is no IQD listed anywhere...not even for US/IQD?
  11. Thanks...I was hoping maybe there were some Aussies on board... I only play poker with this guy and he was complaining about not being able to get money from his bank and tried atm...then realized other banks were down as well. I just found it kind of ironic...nothing was ever mentioned about IQD...he was just venting about how he couldn't go to the bar cause he couldn't get any money...
  12. Just wondering if anyone knows anything about why the banks in Australia were shut down yesterday from mid day to midnight no one could withdraw from ATMs or get in the banks? I have a friend I play online poker with and he said no one could get any money out yesterday from mid day till midnight. He tried all day and then finally after midnight the ATMs were back working? Hmmm...east meets west? Yikes...wrong section?....sorry if I posted in wrong place:o
  13. Ahhhh...ok, well if that's the case, then maybe there will be such a loss, BUT, IMHO I honestly believe it makes more sense to do the $1 to $1 before dropping the 3 zeros. How much easier can it get for Iraqi people? We all know their confusion as it is. I'm sure the government does not want to upset them at this stage. It only makes sense that for the next 2 years (starting Dec 15th hopefully) they will tell their people that the dinar is now equal to the US dollar. The purchasing will not change, only the looks of the money they have been so use to using. A gallon of milk is now 5 IQD instead of 5 USD. During this time frame, CBI can pull in all the US dollars that are being used in Iraq, because now the people no longer need them, and at the same time, pull in the larger notes over the next 2 years, without it taking away, or causing a "loss" to anyone holding dinar....especially the Iraqis. IMO I feel, if I were an Iraqi and had a 25k note and a 500 note and all of a sudden woke up and my 25k basically became 25 dinar, yet my 500 had all kinds of power I would be so confused and upset I'd probably start a war!... If the US told me my $1000 bill (if we still had one) is now only equal to $1, but my $100 bill is still $100, by george I'd be on a rampage of confusion! (If you do hold a $1000 US note, then it is still worth $1000) Just my thoughts about it....I may be way off base, but logic tells me I'm pretty darn close to the strategy. But then again...I'm no economist, I'm no currency pro...but have a knack of thinking logically outside the box.
  14. do you figure 1 million is not equal to 1 million?... If you have 1 million dinar, and they pay you $1 for each dinar....??...Would that not equal 1 million diollars??
  15. I was placing the link when you already moved it... I was explaining the entire post did not paste, but when I went to submit, you already moved it... My take is that they will remove the 3 zeros "after" the 1 to 1 ratio, which means they will raise the value of the dinar again
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