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SurfingTheDinarWave
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Posts posted by SurfingTheDinarWave
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this article is a rehashed old article, from basically someone who obviously doesn't read reports very well if at all since everything was explained in detail in it according to Shabibi and she basically explained the exact opposite that Shabibi has said is in the report. and yes since they will RV they will have a huge need to RD the currency otherwise carrying around one note in their pocket would be a huge personal security risk since it would be so valuable. It would also be impossible to make change to buy goods that would cost far less. Folks please don't fall into the tired argument that Keepemwalkin continues on with these butchered articles about this lady who is a self proclaimed expert at confusion and not much more. Just keep the faith and the patience you display will be rewarded.
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How could anyone that is concerned about the future, and well being of America, vote for any candidate but Ron Paul?
Well some have been brainwashed to vote for hype, such as Herman Cain, and some like to go based on how a person looks in a suit such as Romney or Perry, problem is these "front" runners are simply just what they stated a "front" for lies and deception, cover ups, and corruption. They don't care about American values they would rather line their pockets. Not one time has Ron Paul attacked another candidate in a debate, he has asked them questions and disagreed with their opinions on policy and stance due to the simple fact that well when things are going in the direction they don't want they flip sides on that stance, When Ron Paul actually stands his ground and has never faltered nor budged, that is what it means to be an American no matter the circumstances you stand up for what is the right thing to do with honor and respect and carry that through to the end. That is how we stand UNITED because butting heads and attacking divides us and that is how we fall! RON PAUL 2012!!
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This is an interesting take and I do believe to be true for the most part, since well the US took the $1000 notes out of circulation but if you took one to a bank today they would gladly give you 10 $100 bills. You would be better off selling it to a collector you would get much more than that though, fact is it's still legal tender and just not circulated.
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Thanks it has been posted several times for months now though, Mods can point you too the original posts. Very Long but Great read none-the-less!!
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fox is talking about iraq right now with brit Hume and Chris Wallace
I missed it, what was said?
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I don't think you understand how currency valuation works. Just because a country is wealthy doesn't mean they'll have the highest valued currency. The US is one of the largest countries in the world (tied with China at #3) with vast natural resources and strong manufacturing and service industries. And yet there are nine countries with a more valuable currency. Ten if you count the euro. At the same time Japan has a very high standard of living with a highly developed manufacturing industry and their currency is worth just over a penny. China is becoming an economic superpower and the Yuan is valued at $.15. As for regional currencies Kuwait, Jordan, Oman, and Bahrain are more valuable than the USD but Saudi Arabia, Qatar, and UAE are all around $.27. Syria's is at $.02. Yemen is at $.004 and Iran is at $.00009. So even if Iraq becomes one of the richest countries in the world that doesn't automatically translate into having one of the most valuable currencies.
Now, for Iraq to become one of the wealthiest countries in the world they'll need to increase their GDP significantly. (Right now their GDP is lower than that of those booming, thriving economies of Angola, Bangladesh, Kazakhstan, and Nigeria.) That won't happen overnight. It will take decades to improve their GDP to the point where they can rank in the top ten. They'll need to develop their manufacturing and service industries so that their GDP isn't all dependant on oil as it is now.
Also I think you're assuming that the only way to have the region's most valuable currency is with a straight up RV. If they re-denominate (lop) and then allow the currency to float upward over the years as their economy improves and their country stabilizes their currency could eventually rise back to $3+. To interpret the comments about having the region's most valuable currency as a 4000 to 1 RV is a tad presumptuous IMO. Statements like that SCREAM RD to me. There's just no way to get there without a lop. So if you want to make a good return on your dinar investment you better hope for less than a quarter because $.86 or more means LOP LOP LOP.
Good points here, you forgot one factor, all of the countries you are talking about have thriving running economies and they aren't war torn, Iraq has to come out in the $1 range just to afford to rebuild with global inflation on the rise and not one running manufacturing plant up and running for construction materials everything must be imported in order for them to pay for the rising cost of those goods alone they have to come out at around $1 and manage the float up to $3+ over time in 2% smaller RV's every so often not just 90 days but may even need a 90 then a 45 then a 90 then a 30 day spans with smaller 1-2% RV's just to keep up. They are starting with a much better start than most but they have had 10 years of turning things in a positive direction vs. Japan and Germany when they did it after WWII in 6-9 months with military leadership from the US running things and putting them together for them and doing a great job in such little time. Difference here is 4000 year old ideals with 4000 year old wealth in a 5 year old GOI and corruption running rampant.
One of the major things I see is who is the founder of OPEC, well IRAQ is, and why would they want to be the founder of an organization like OPEC?
Well for one because they want to protect their wealth of Oil and allow other strong oil nations to share in exportation for their own share of the wealth. Which is the same reason Saudi can have a value of .27 they have a flourishing economy low population and low GDP but tons of oil they just don't export as much as Iraq will need to in order to just catch back up let alone keep up, they have to pay back for all their dirty deeds and shell out some money to the world and that comes in the form of a healthy RV for their citizens & investors alike, you think our investment was just dollars your crazy, we gave up blood, sweat, and tears, with lives...as they say Pay Back is a $itch!
Don't forget the most important things in life are free, friendship, love, sharing, relationships, but freedom is not it has a price tag on it!
BTW: in my previous post about my plan, how are you going to random NEG someone for an honest fact and action plan explanation...wake up people!
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I have several action plans for rate ranges, one thing in this is .15 shouldn't happen due to IMF stipulations on rate post of at least more than $1. Though if for some reason it did come out that low I would ash some for headache remedy and reinvestment with a little cushion for a extended waiting period of cashing out more plus other investments profit time line, also some more emergency preparedness. Other investments would be non-volatile in nature and create some jobs in my community,and some precious metals.
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This might be a dumb question but can't seem to find the answers myself hoping someone on DV could help out!!!!
Can someone explain what's the hold up with the ebril agreement being put into action and the remaining seats being filled?
Thanks in advance for your input!
There isn't one, I have said this for months all lose ends will be announced with the RV!
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Hmmm, and wouldn't you think the founder of OPEC should have currency valued so much higher by now?
My thoughts are they would have the strongest value of currencies in OPEC should they be allowed to start exporting oil for money rather than food and cheaply made Chinese garbage products, for some of the most zen like people in the world you would think their precision and engineering would be top notch to go along with their technology and mass amounts of worker even if they got paid cheaply it shouldn't be for the equivalent of $1.50 a day average that is stealing...they should be paid equivalently and have fair market competition standards with all countries in a corporate setting which is a job for the WTO to impose on export countries in general not just Chinese!
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This is a great story...Thanks Randalln I needed that one today!!
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Worst case they rv or rd but don't allow any exchange outside country and they close the borders......
They have done this twice before.....
they wouldn't be recognized as an internationally traded currency if they did that which is why when they have before it wasn't international and still is not
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The Fed Audit
This is straight off a US Senators website!
July 21, 2011
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."
Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.
The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.
For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs.
In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.
To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.
The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.
The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.
A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."
To read the GAO report, click here.
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I'm sorry, I guess my tongue in cheek humor doesn't translate very well in type.
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LOL, no, in type it's taken literally...I didn't kind of laugh after though!
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Link please!
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come on Mark you know better than to ask for a link to a private conversation on the phone or in person...sometimes the link question for proof is just a dumb question this would be one of those times!
Not to mean't to bash but it is obvious he can't provide a link!
But thanks EKG, I appreciate all of your posts, and this fits in line with I got from T-man's last CC and what I am hearing from my financial adviser who I have known and been close friends with for 15 years and the last 5 of those 15 have been my financial adviser whom I pay.
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first off, lets see if it happens...then I'll be more inclined to cash some in the start then wait for the RI cash some more and wait for the real RV to cash the rest!! First cash-in I already have an appointment for so sorry gys but your already behind me in line
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Link: http://treasury.un.org/operationalrates/OperationalRates.aspx
The UN Rates updated today... No change. Next update is on the 10/28.
Let's hope we are getting closer... Go RV
now compare that chart to last months, see the effective date of change column look at all the October 1, 2011 in this new one compared to the number of the last months changes effective in Sept. 2011
so something is not right and it even shows the VND with effective Oct. 1, 2011 but slight change in the rate!!!
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The emoticons are not put in by me they show up in copy and paste on this site for whatever reason!Reckon CPO 39 don't mention Dinar either, are yall sure thats were it is
http://www.iraqcoalition.org/regulations/20031220_CPAORD_39_Foreign_Investment_.pdf
Actually it is, Section 7 of CPO 39:
4
Section 7
Implementing Foreign Investment
1) A foreign investor may implement foreign investment using, among other things,
freely convertible currencies or Iraqi legal tender, in the following forms:
a) establishing a wholly foreign-owned business entity in Iraq, including as a
subsidiary of a foreign investor;
establishing a business entity jointly with an Iraqi investor; c) establishing a branch office, as set forth in Section 5 herein; and
d) directly acquiring an investment.
2) A foreign investor shall be authorized to:
a) possess, use, and dispose of its investments;
manage or participate in managing a business entity; c) transfer its rights and obligations to other persons in accordance with the law;
d) transfer abroad without delay all funds associated with its foreign investment,
including:
i) shares or profits and dividends;
ii) proceeds from the sale or other disposition of its foreign investment or a
portion thereof;
iii) interest, royalty payments, management fees, other fees and payments made
under a contract; and
iv) other transfers approved by the Ministry of Trade;
e) exercise any other authority conferred upon it by law.
3) The Finance Minister and the Minister of Planning may jointly issue regulations to
assist in the implementation of this Order.
http://www.iraqcoalition.org/regulations/20031220_CPAORD_39_Foreign_Investment_.pdf
Here is an excerpt of E.O. 13303 with a real link:
I, GEORGE W. BUSH, President of the United States of America, find that
the threat of attachment or other judicial process against the Development
Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein,
and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests
therein, obstructs the orderly reconstruction of Iraq, the restoration and
maintenance of peace and security in the country, and the development
of political, administrative, and economic institutions in Iraq. This situation
constitutes an unusual and extraordinary threat to the national security
and foreign policy of the United States and I hereby declare a national
emergency to deal with that threat.
I hereby order:
Section 1. Unless licensed or otherwise authorized pursuant to this order,
any attachment, judgment, decree, lien, execution, garnishment, or other
judicial process is prohibited, and shall be deemed null and void, with
respect to the following:
(a) the Development Fund for Iraq, and
(
all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests
therein, in which any foreign country or a national thereof has any interest,
that are in the United States, that hereafter come within the United States,
or that are or hereafter come within the possession or control of United
States persons.
Sec. 2. (a) As of the effective date of this order, Executive Order 12722
of August 2, 1990, Executive Order 12724 of August 9, 1990, and Executive
Order 13290 of March 20, 2003, shall not apply to the property and interests
in property described in section 1 of this order.
(
Nothing in this order is intended to affect the continued effectiveness of any rules, regulations, orders, licenses or other forms of administrative
action issued, taken, or continued in effect heretofore or hereafter under
Executive Orders 12722, 12724, or 13290, or under the authority of IEEPA
or the UNPA, except as hereafter terminated, modified, or suspended by
the issuing Federal agency and except as provided in section 2(a) of this
order.
Sec. 3. For the purposes of this order:
(a) The term ‘‘person’’ means an individual or entity;
(
The term ‘‘entity’’ means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization;
© The term ‘‘United States person’’ means any United States citizen,
permanent resident alien, entity organized under the laws of the United
VerDate Jan<31>2003 18:58 May 27, 2003 Jkt 200001 PO 00000 Frm 00003 Fmt 4705 Sfmt 4790 E:\FR\FM\28MYE0.SGM 28MYE031932 Federal Register / Vol. 68, No. 102 / Wednesday, May 28, 2003 / Presidential Documents
States or any jurisdiction within the United States (including foreign
branches), or any person in the United States;
http://edocket.access.gpo.gov/2003/pdf/03-13412.pdf
Folks E.O. 13303 does not specifically say currency it talks about property (i.e. Currency), DFI, CBI, and petroleum items CPO 39 speaks about tangible items which is hard currency and whole section on currency.
Stop falling over yourselves reading to understand and reading the whole document rather than up to a certain point.
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now if they would just put in the new value for Septembers inflation we would know how much closer we are.
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USD-VND : 1 USD to VND means 1 USD equals 20 VND (Vietnam Dong)
Actual = 20,668
USD-IRR : 1 USD to IRR means 1 USD equals 10 IRR (Iran Rials)
Actual = 10,553
USD-IQD : 1 USD to IQD means 1 USD equals 1 IQD (Iraq Dinars)
Actual = 1,170
USD-COP : 1 USD to COP means 1 USD equals 1 COP (Colombia Pesos)
Actual = 1,904
USD-ZMK : 1 USD to ZMK means 1 USD equals 4 ZMK (Zambia Kwacha)
Actual = 4,965
USD-IDR : 1 USD to IDR means 1 USD equals 8 IDR (Indonesia Rupiahs)
Actual = 8,848
USD-KRW : 1 USD to KRW means 1 USD equals 1 KRW (South Korea Won)
Actual = 1,156
USD-LBP : 1 USD to LBP means 1 USD equals 1 LBP (Lebanon Pounds)
Actual = 1,507
Those are the currency conversions of all the countries I listed in the previous post along with their actual exchange rates.
Notice the problem?
We know we discussed it but yet again you have not read the whole thread you jumped in the conversation at page 14 or something and went from there so when Randalln said well there may be a tell on a basket of currencies and he gave that list you just did...why do we have to repeat ourselves for you, your not special go back and read!!! That's $250 I'm starting your billing cycle now!
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and??
And Then??
NO AND THEN...we are done here 36 pages is plenty for you to read!
Did they say why that site cannot handle any currency with more than 3 numbers to the left of the decimal?
The issue isn't the number of places to the right of the decimal, but its inability to handle any currency it lists that require 1,000 or more units to equal a dollar (ie. Iran, Indonesia, Zambia, South Korea, Vietnam, Iraq, Lebanon and Colombia).
First of all this site does carry 3 or more numbers left of the decimal place look at the Costa Rica Colon it's 3 digits left of decimal and any numerical platform doesn't allow you to manipulate left of the decimal until over 999,999,999,999.99 so that attempt doesn't make any sense unless your talking about over 999 billion!!!
So in your reaching at straws attempt you have effectively wasted more of your time and ours, tyvm, I'll be charging you my hourly rates @ $250/hr. from now on!
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B/S Nothing but B/S................
Just because you don't want to hear it does not discount it's truth!
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A good idea is a good idea, no matter where it comes from. Ever stood behind a woman in a fur coat and bling, talking on her cell phone in the grocery line, and paying with a food stamp debit card?
What do you think this person pays in income tax? They get as many votes as you do on election day! A 9% sales tax (not on food, medicine or clothing) would at least force the 49% of the U.S. population to get some "skin in the game" on their plasma TV's and Escalades. Of course, 9% on income would encourage people to actually work, because it would be easier to make more money than an unemployment check. 9% capital gains would bring businesses back into the country (with JOBS!), as well as bring money (capital) back into the markets for new business.
I know, as a dinar holder, I could live with a 9% capital gains tax......
it's not 9% capital gains tax....it is however 9% corporate tax which taxes your pay check before you ever see it because your boss takes it out of your salary before he offers it too you so you in fact could make that 9% more in your pay. This 9-9-9 plan would be fine if it were 3-3-3 but 9 is way too high it guarantees that you would pay 27% in taxes every week you worked not including Social Security and Medicare withholding.
I'm not trying to be mean but, this tax plan is only conducive with a low number like 3...but then the government wouldn't be able to be so big with that number so they would have less power and less to spend which would be another win for us if they used a low number!! This plan is a gimmick for votes do not fall for it...research Ron Paul and you will see the only man who is not trying to pull the wool over our eyes in this GOP race!!
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Come on now a negative for the truth, it hurts yes but reality is if it doesn't work in the video game it doesn't work in real life either, and most things in video games can be manipulated to suit the wants of the gamer unlike things in reality...negative that shot of reality and we will understand why you like the hype and hot air of a catch phrase tax plan that is a flop in it's details!!
We need a simple tax system. The 999 plan might not be the answer, but the Tax Code is rediculous.
Thanks for leveling me out!! Your right we need simple and 999 is not the answer neither is Herman Cain, what is would be throwing out the tax code in existence and starting all over due to the many many loop holes and over rides written in the code it makes reform impossible cause you would waste many hours of many people with no progress it would end up being thrown away in the end so start that way throw it out and start from scratch with simple principles I was always thinking before 999 was shot at us that we needed something like 3-3-3 with no breaks you give to give and should not expect something in return otherwise it's not really giving, that would be much fairer and would actually benefit people!
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I suspect it did...and well if you stay with the default tax rates in the game you will never beat the game it ends in epic failure and the citizens throw you out...so the game proves it doesn't work!!
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Iraq Said To Be Planning Currency Overhaul, Redenomination
in Iraq & Dinar Related News
Posted
Sorry about the drop-in, but it's been so long and been so busy I haven't had time to mess with KEEP, so you finally figured out how to turn your lopsters into employees and read up on how to incorporate a business I see...Thax to the daily scoop from our favorite news clown!
I hope you got good business liability insurance, your going to need it when it RV's, lots of pissed off customers and pissed on employees, or is that the other way around!