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unirod
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Posts posted by unirod
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The value of stocks in the stock market is created out of thin air... thereby creating a company's value out of thin air.
It can be done with a country's currency as well.
Exactly right! What do you think fractional reserve banking is? nothing more than creating money $$ out of thin air. Every dollar of deposits magically become $9 USD, thats called leverage...
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The Iraq citizens are already Sick and tired of their currupt Democratic Elected Government! Sounds like they want a piece of the oil revenues Big Time! 60 Billion + in reserves these people have had enough poverty...GO RV!!!
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Unfortunately, this is an old article. This was originally posted by K98nights on February 11th - I thought it looked familiar:
I'm happy this is an old quote. A ration card at this point would IMO be a bad sign for any imminent RV. Just sayin!!!
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Just another reason to have purchase electronic Dinars and stuff more in my Warka acccount....GO RV!!!!!
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Baghdad, Nov. 4 (AKnews)- The two branches of the Central Bank of Iraq (CBI) in addition to its major office in Baghdad are enough to control monetary policy and maintain the balance with fiscal policy.
Yesterday the International Monetary Fund (IMF) demanded the CBI to open branches in all the Iraqi provinces to control monetary and fiscal policies.
CBI governor, Mudhar Mohammed Saleh told AKnews there is no need to open further branches in all Iraqi provinces because the two branches of the bank in addition to its main office are enough to retain the balance.
The bank has 1,000 employees, i.e. each group of six employees is responsible to assure that the interests of 100,000 citizens are not at stake, Saleh said, and this is according to the international measures.
The CBI also audits the conduct of the employees every now and then and is working to develop its plans in accordance with the economic nature of the country and recent improvements, he added.
IMO;The IMF probably smells allot of missing $$$. Laundering possibly? corruption? ,They are looking for more transparency
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INEFFICIENT IS A COMPLIMENT TO THIS BUNCH OF EVIL CIRCUS CLOWNS
Well said.I could not agree more
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600 million Dinar in loans. WOW that amounts to about $500,000 USD ? the people will really become wealthy with access to funding like that. GO RV!!!!
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LOL I really hope thats not the case! But it seems to be all that the CBI is talking about lately......
I think venturing into Warka would be a good idea....Im probly gonna send them an email tonight....worse case scenerio and they do follow through with this lop crap, you wouldnt need to worry about exchanging your current bills and you could hold on until the dinar appreciates even more so it would be better then breaking even or losing money....
Decisions decisions.....
Funny, I'm surprised after over 4,000 posts you don't have the insurance of a Warka Account. If they (CBI) attempts to screw us on our 000'S, they cannot with electronic Dinar. We can ride the wave of value increases that are sure to come.
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Amazing how bombings go off because Iraqi's want us to stay. And bombings go off because Iraqi's want us to go. Should we stay or should we go now. If we stay there will be trouble.....If we go it will be double......
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Thats a picture of a Costco warehouse stacked with Coke, Pepsi,Sierra Mist, 7-UP and Jack Daniels.
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Click on the scrolling message on Warkas home page. They have a message that say's they will be down untill monday for system upgrades.
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I would like to address several points. First of all, they used the examples of Russia, Turkey, and Germany. Not sure exactly which redenomination they're referring to in Germany, but I'm pretty sure that Turkey lopped off 6 zeros and Russia lopped off 3, and according to this article they considered those successful. Second, if Iraq wanted to discourage speculation they wouldn't need to lie to us about what they're going to do. All they would need to do is stop printing and selling dinar. It seems apparent to me that they want speculators to buy their currency because it's a big revenue stream for them. And third, it appears that all of this talk about the new lower denoms already being printed and ready for distribution is hogwash. They've been slowly developing the idea of introducing new currency and designing it to meet with the satisfaction of all parties concerned.
The adviser said the bank the appearance of Mohammed Saleh said in a statement that the idea of changing the currency began to mature gradually, although referred to the Economic Committee in the Federal Council of Ministers since (2007).
indicating that the existing currency will go through two stages; first: Delete the zeros. The second restructuring, and launch the new currency for trading in the markets during the three or four years. And the benefit: The new currency will be in three languages (Arabic, Kurdish, English), as well as there are groups of small metal.
They might not do what they're saying that they will do, but I think what they're saying is pretty clear, folks.
Sam, check out the Scooter research blog sites recent post. It shows the 2010 breakdown of currency distribution by banknotes in circulation. They need to delete the numbers of 25K notes desperately emerginggeos.blogspot.com
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just to let everyone know this is not my rumor
Easy,
I hope we get an R/V soon because you need a new couch!! Tell You what. I will by you a new couch and a bucket of Ice for your soda pop when this thing goes 1;1 Just funnin with ya hope you know
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I had no access for 1 week to my account and 2 days ago access opened up again. On Warkas Home page at the bottom click on the scroll and a special message will open up. it explained that the system would be down for upgrades and would open up on monday 10/10/2011. For one week I was very nervous as I had transferred $$$ from the Citi Bank hub and had no access. It's all good now. I was also easily able to exchange my USD into IQD all on my E-Bank account!!!!
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Again this is rediculous garble. How can 1000K Dinar suddenly be worth only 1 Dinar? I guess the People of Iraq must be Moron's. Not likely!! this is nothing short of propoganda meant to steer investors or speculators away from owning the Dinar. Most of us should have insurance to any of this nonsense by owning electronic Dinar in Warka Bank. I do and if you don't, it's no wonder that articles like this can make you nervous.
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Ive read a Redenomination has to go through parliament and get approved so therefore the CBI does not have a say till its passed the CBI is not running the country the GOI is.
Easy,
Does the Federal Reserve let Congress tell it what to do in regards to monitary policy? They lent out $16 trillion of our dollars at 0% interest WITHOUT congressional, or the peoples permission. So give me a friggin break here. I understood the CBI was an independant entity just like the Fed
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I don't know how any of us can come up with an accurate understanding of what the CBI or other so called experts are explaining with these gibberish garbage articles! The trigger pullers know exactly what they are doing. IMO; They are confusing speculators very effectively. This gives the CBI even more time to scoop up and dispose of more paper currency on the market.
Go RV!!
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IMO this is nothing more than a formality, and that the new currency has already been printed.
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how do you think he bought it ????????????
I was thinking the same thing! It was probably bought with IQD and direct deposit into an account at Warka Bank. All electronic IQD, pretty slick deal don't you think?
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What kind of small business can you establish for say $12,000 USD ? these are considered soft loans? the poor people of Iraq are all millionares because of their rescources in the ground. I don't think this Loan program is going to go over to well.
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Megawatt,
Those are my sentiments exactly!!!
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Has anyone checked how jamb packed womens shelters are in our country because of domestic violence and abuse lately? have anyone of us checked the statistics of how many men are serving time because of murdering their wives and girlfriends in the good old USA? So how moral is our system? The media continues to spew this fecal matter and so many americans buy into how moral and good America is. There are injustices world wide that's true. But we ar
we are living in the most violent society probably second to Rome itself?
Sorry about the rant
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do you ever wonder if bull****... er.. i mean bulldog ever comes on DV and actually see how many people are laughing at him. Him an okie are monumental dumba$$es. Not a regular dumba$$es, but such a high level dumba$$es that other dumba$$e$ are out there saying "What dumba$$es".
That was an aceful statement!! WELL DONE!!
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Hasn't China done well with an undervalued currency?
Cancellation of "zeros" from Iraqi currency won't solve Iraq's economic crisis, expert says
in Iraq & Dinar Related News
Posted
8.Fractional reserve banking Actual deposits x9=? you need to go back to school Scrumdiddles no LOP GO RV!!!!