LuvRubies

There are MANY reasons why a LOP is not logical. For one, remember the article that refers to the fund giving the US 23 billion in "wiggle room"??? Google it. This fund, will not be further contributed to; however, this fund exists. Of the 23 billion, we assume a HUGE amount is in IQD. As a "strategic partner" of Iraq, with a potential of the US making a boatload with an RV, do the lopsters really think our strategic financial partnership really benefits by a LOP? Um, I think not! Goooo RV !!! U.S. Treasury ~ "Currency Market Instability" Pool of Money Set Aside Gives Treasury $23 Billion of Wiggle Room in Spending ~ Last Ditch Effort ... Exchange Stabilization Fund - The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund. The financial statement of the ESF can be accessed at "Reports" or "Finances and Operations." The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary"). The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources. The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities. Federal Reserve @ http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx July 15, 2011

For noco: MALIKI GRANTED THE APPROVAL OF DEFENSE MINISTERS Urgent .. Iraqi deputy reveals Maliki granted the approval of the defense ministers of his list and one by proxy and vote on the political council of parliament Wednesday, July 27, 2011 17:13 [baghdad MP for the Iraqi List, Ahmed Jubouri for "the approval of Prime Minister Nuri al-Maliki to give the Ministry of Defence and Minister of one of his list by proxy." He told all of Iraq [where] that "the President told the head of the list Iyad Allawi during his visit last night that the Prime Minister has agreed to assign the portfolio of the Ministry of Defense Agency to a minister of the Iraqi List, provided that the chosen is one of them until they agree on a candidate to the ministry." He added, "Talabani told Allawi, Maliki also approved the formation of the National Council for the strategic policy and be executive and vote in Parliament." He Jubouri that "Allawi expressed his willingness to attend the meeting of leaders of political blocs next Saturday after listening to these approvals by al-Maliki". Read more: http://dinarvets.com.../#ixzz1TRcUM3Mi http://www.alliraqne...27-21&Itemid=86 Read more:

Agree with above but find it MOST interesting that it is different today after many people check it all the time. Hmmmm!

ok Thank You! Great find! Very interesting! Wanted to be sure that you too have been required to use the same drop down. There is a post relating to the above Chap7 in the news section. With a link from Iraq paper translated. Like you, I am fairly new to post. To respond directly to any particular post, hit the quote button below the post itself. Good luck to you and all! Go RV!

I asked the following on the original post, but have had no reply thus far. Maybe you can answer: I have checked this for the first time today..after your post. In doing so, the default setting was GBP to USD. Is that how it appears when you have looked over the last 6 months? Is IQD listed only on the drop down? Or, do you now default to the IQD to USD every time? Thanks. Read more:

I have checked this for the first time today..after your post. In doing so, the default setting was GBP to USD. Is that how it appears when you have looked over the last 6 months? Is IQD listed only on the drop down? Or, do you now default to the IQD to USD every time? Thanks.

8:19 est. It is NOT there. ! !!! hmmmmm

IQD/GBP(CCY: IQDGBP=X ) Last Trade: 0.0005 Trade Time: 12:18PM EDT Change: 0.00 (0.54%) Bid: 0.0005 Ask: 0.0005 Prev Close: 0.0005 Open: 0.0005 Day's Range: 0.0005 - 0.0523 52wk Range: 0.0005 - 0.0523 ..Quotes delayed, except where indicated otherwise. Currency in GBP.HeadlinesFilter Headlines.•No Headlines available for IQDGBP=X at this time.

Very scary stuff, Sawmill. With this "mystery" person putting forth 850 mill...based on the demise of the USD, wouldnt there be some sort of potential charges against MANY MANY MANY people? Insider trading, tips, etc? For a "tip" from Washington, to prompt such a bet, there is a bigtime rat(s) - and they need to go DOWN !

After reading the email from Phoenix and listening to his blog last evening (where he took a stand on his speculation as to the voluntary downgrade of the credit rating), I am confused as to what the incentive is for Obama...in his executive authority...to "allow" this to happen. I understand how this benefits other countries buying the US debt, but what exactly is the benefit for the US. Let's face it, this would NOT be potenially happening unless there is a MAJOR benefit to the US/Obama. This is the part where I am scratching my head. If anyone can enlighten me, I'd greatly appreciate it. Thanks in advance! (Of course I mean losing AAA and therefore devalue of the USD) Read more:

After reading the email from Phoenix and listening to his blog last evening (where he took a stand on his speculation as to the voluntary downgrade of the credit rating), I am confused as to what the incentive is for Obama...in his executive authority...to "allow" this to happen. I understand how this benefits other countries buying the US debt, but what exactly is the benefit for the US. Let's face it, this would NOT be potenially happening unless there is a MAJOR benefit to the US/Obama. This is the part where I am scratching my head. If anyone can enlighten me, I'd greatly appreciate it. Thanks in advance!

I have no time to check it as Im heading out to work, but didnt Kuwait just recently go up to that???

Ping away! And like Phoenix said, "pair it to Lays Potato Chips for all I care...". (Great idea since the bag I have at home is $3.29)

http://en.aswataliraq.info/Default1.aspx?page=article_page&id=143889&l=1 BAGHDAD / Aswat al-Iraq: Iraq’s President, Jalal Talabani, and the U.S. Ambassador to Baghdad, James Jeffery, have discussed in Baghdad on Friday means for activating the next meeting of the Political Leaders to settle their current differences, a Presidency statement reported. “President Talabani has discussed in a meeting with Ambassador Jeffery, at the U.S. Embassy in Baghdad on Friday, “the most important developments in the Iraqi politics and the current efforts to activate the next meeting by the Leaders of Iraq’s Political Forces, aimed at achieving agreement and to settle their current suspended issues,” the statement stated. It quoted Talabani as having said in the meeting that “Iraq looks at the United States as a strategic partner and ally, stressing that this partnership needs to expand joint cooperation and coordination, in such a way that would serve the high interests of both countries.” Ambassador Jeffery on his part, the statement pointed out, has said that “the American forces would eventually leave Iraq, but the strategic relations and friendship between both sides would remain and continue.” The Leaders of Iraq’s Political Forces had held a meeting last Saturday, under patronage of President Talabani, attendance of Prime Minister, Nouri al-Maliki, Parliament Speaker, Usama al-Nujeify, Chairman of the Supreme Judicial Council, Mid’hat al-Mahmoud, Leader of al-Iraqiya Coalition, Iyad Allawi. The meeting was also attended by the Representative of north Iraqi Kurdistan Region’s President, Roz Nouri Shawes, the Chairman of the Supreme Islamic Council, Ammar al-Hakim, Iraq’s Vice-Presidents and Deputy-Prime Ministers and a number of Parliament members. Talabani told a news conference after the meeting that Leaders of the Political Forces have agreed to activate the role of the Special Committee, formed to look into the Arbil Agreement, confirming that agreement had been reached to take a united position towards the continuation of the U.S. troops presence in Iraq or their departure, in a decision to be taken in two weeks time. The Iraqi President had reiterated that the discussions took place, in an atmosphere of frankness and fraternity, reflecting new understandings towards the U.S. military presence in Iraq, the Arbil Agreement and its implementation, as well as an agreement to hold another session in two weeks time, in order to study the results of the said Committee’s activity and its decisions towards the implementation of the previous agreements. SKH (FT) Number of Reads: 282 SORRY I POSTED IN THE WRONG FORUM. MAYBE WILL ACTUALLY GET MORE READS haha

Very exciting indeed! But seems more logical that would be the same or higher than the USD; otherwise, there is no incentive for them to use anything BUT the USD thats either in circulation or on the black market. Goooooooo RV. Blessings to all, and including the people in Iraq.

Has anyone noticed this? Seems odd that it unable to be refreshed. Thoughts?

Keep posting, Easy. And Capt Cliff, the following is for you and your question. I don't think the Pres has any care about OUR prosperity...but I'm quite sure he cares about the value of this "little" fund... plenty of Wiggle Room wanted by the US. U.S. Treasury ~ "Currency Market Instability" Pool of Money Set Aside Gives Treasury $23 Billion of Wiggle Room in Spending ~ Last Ditch Effort ... Exchange Stabilization Fund - The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund. The financial statement of the ESF can be accessed at "Reports" or "Finances and Operations." The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary"). The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources. The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities. Federal Reserve @ http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx

Won Ton in the state of Iraq. Clever.

Good sleuthing WowLewi. Keep us posted!

Wow. Photoshop cant do that. Stacked together. In front of the computer screen...clever. Flip side please!!! (Did I say, Wow?)

Sorry, Blonde.. I posted exactly what you did. Funny we captured the exact same time. Hey GPCarter, Do you mean like this??? IQD/GBP(CCY: IQDGBP=X ) Last Trade: 0.0005 Trade Time: 7:38PM EDT Change: 0.00 (0.02%) Bid: 0.0005 Ask: 0.0005 Prev Close: 0.0005 Open: 0.0005 Day's Range: 0.0005 - 0.0005 52wk Range: 0.0005 - 0.0006 ..Quotes delayed, except where indicated otherwise. Currency in GBP.HeadlinesFilter Headlines.

IQD/GBP(CCY: IQDGBP=X ) Last Trade: 0.0531 Trade Time: 7:09PM EDT Change: 0.0525 (9,906.9805%) Bid: 0.0528 Ask: 0.0534 Prev Close: 0.0005 Open: 0.0531 Day's Range: 0.0531 - 0.0531 52wk Range: 0.0005 - 0.0531 ..Quotes delayed, except where indicated otherwise. Currency in GBP

Here's the link. It's a slight delay, but refresh yourself every few mins. http://finance.yahoo.com/q?s=IQDGBP=X

IQD/GBP(CCY: IQDGBP=X ) Last Trade: 0.0005 Trade Time: 6:50AM EDT Change: 0.00 (0.44%) Bid: 0.0005 Ask: 0.0005 Prev Close: 0.0005 Open: 0.0005 Day's Range: 0.0005 - 0.0005 52wk Range: 0.0005 - 0.0006 from Yahoo finance as of 6:50 am 7/18/11

Of the 23 bill in wiggle room, much of it in dinar, it's highly doubtful the US will accept an even exchange... U.S. Treasury ~ "Currency Market Instability" Pool of Money Set Aside Gives Treasury $23 Billion of Wiggle Room in Spending ~ Last Ditch Effort ... Exchange Stabilization Fund - The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund. The financial statement of the ESF can be accessed at "Reports" or "Finances and Operations." The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary"). The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources. The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities. Federal Reserve @ http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx