Heinzy444

So what... we set a court date ... choose a jury ... hear the 3 zero pros and cons ... and how does the jury find the IQD ? We find it to be an RV your Honor. Cheesus Kripes WTF

Yes... a tie maybe LOL

Central Bank of Iraq is suing the government http://www.altahreernews.com/inp/view.asp?ID=2065 Central Bank of Iraq is suing the government and accused of obstructing monetary reform Posted 13/09/2011 02:53 PM Baghdad - "the world" Accused the Central Bank of Iraq, on Monday, government agencies of obstructing the idea of monetary reform in Iraq, said while he would retain the legal right to defend his being, according to a statement the bank. According to the statement received "world," a copy of it, that "some government officials are waging an unprecedented media attack on the bank, considering that there is work outside the law mar the idea of monetary reform carried out by the Central Bank". The statement noted that "the Bank has already received an official letter from the Committee on Economic Affairs in the cabinet in 2007 when the bank is appealing to study the draft of the Iraqi currency reform by restructuring and deleting three zeros from them." He noted that the purpose of the letter "to facilitate trading cash and reduce the cost of cash transactions in the context of a reform strategy for the system of monetary management in the country, like what was done by the majority of the countries of the world, particularly those that left the turmoil and economic decline, which seeks to rebuild the cash." He stressed the bank that "will retain the right to legal defense of his being, and download those authorities responsible for endangering the interests of the country's finances to the risk of prejudice to the irresponsible," saying that "these actions are meant to expose the centers of legal and international central bank to the risk of moral hazard to the public in various forms." The statement noted that "the Bank finds that such irresponsible acts in the launch of the charges baseless and motivated by an unknown direction contrary to the rules of behavior that should be adhered to by state officials in tackling the issues of different countries, especially sensitive of them." He was Adviser to the Prime Minister for Economic Affairs said in a earlier time, lifting the zeros from the currency is the biggest corruption in Iraq if it was during this period, the economic promise in vain, warning of "mafias currency" is preparing to rig the trillions of dinars. Does it get any more ridiculous?

interesting

No it was not... Nice try I was quite careful when translating.

Yes, as a former RE Agent - Location Location Location ...as in, how about floating on 140+ Billion Barrels of Oil & Mind Boggling Natural Gas reservies and water.... two fresh water Rivers, Water becoming as important as oil lately - Tigris & Euphrates, I could go on

"the other factors may contribute to weather of not" I presume you mean "whether or not" - although we have "weathered" quite a storm in the last 8 + - years - It's beyond a simple math equation, Iraq is writing a whole new text book here. I certainly appreciate a good debate though. All the best.

Factors Affecting Currency Value:

Reminder : )

I'm trying to get the timing right based on the tennis match here - 3 zero.. not 3 zeros ... I think Shabibi just knocked the ball out of the desert... I'm thinking within the week we will see a change. JMO

Central Bank of Iraq to retract from zeros deletion process Central Bank of Iraq to retract from the process of deletion of zeros 2011-09-13 01:18:00 _ Special Baghdad Post The Central Bank of Iraq was to retract the deletion of zeros from the draft confirming the presence of political forces to disrupt the project to delete the zeros. The deputy governor of the Central Bank of the appearance of Mohammed's "Baghdad Post" that "the central bank is determined to restructure the currency through the deletion of zeros after the Iraqi parliament is prescribed legally appropriate and disable the draft political forces trying to sabotage the Iraqi economy." He added that the "delay the project to delete the three zeroes from the Iraqi currency is very wrong and should speed up the process of deletion of zeros to the advancement of the economic reality of Iraq." He continued that "If the Iraqi economy adjusted after 10 years, it does not come to the welfare of the people and send a picture of despair all the same to the Iraqis." . He was economic adviser to the Iraqi government Abdul Hussein Al-Anbuge has revealed to the media, local, on Friday the existence of mafias are trying to breach the local currencyDuring the project restructuring carried out by the Central Bank of Iraq. http://www.baghdadpost.net/view.11184/ As per my earlier thread of last week - "Plan B" has just arrived : So what's plan B? I think this is their last way out to an RV - perfect scenario for an excuse to bounce the 3 zero plan out the door and bring in the new rate - a last minute kind of thing you know, and a great way to save face. This whole ride has been based on pure propaganda - so a perfect ending as I see it. Read more:

Lead me from the unreal to the real Lead me from darkness into light Lead me from death to immortality Brihad-aranyaka Upanishad, c. 800-400 BCE, 1.3.28 Read more: "But don't fill me full of lead." John Wayne (sort of)

LOL yes... or the Comedy Channel....

I'm just impressed you used the word "fruition" in the proper context and also spelled it correctly - you deserve a chance or two just for that.

Thanks for all of your comments .. I know for some of you it was like that Corn Flake commercial "try it again for the first time" and others I see have had enough of F$%^#& Corn Flakes:) I understand, seeing "IQD is now on the Forex" and "could these be pics of the new small denoms" etc. etc. push me in the same direction.

Just saw for first time ... thought I'd bring it by

CIA (High RV (ReValuation) of the Iraqi Dinar): PTR First off, I’ll use the exchange of a 10,000 IQD (Iraqi Dinar) note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD (US Dollar) and IQD (Iraqi Dinar), that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI (Central Bank of Iraq) in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. How the CBI “RECAPTURES” the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI (Government of Iraq) actions, IMF actions, World Bank actions etc.) Other Factors that Strengthen Iraq’s Position and Ability to RV: ■DFI (Development Fund for Iraq) Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. ■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. ■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. ■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”. So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: ■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 ■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out. ■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 ■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors” ■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS… and the IQD is slowly taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming! First posted in February 2011 on www.longitude361.com/?p=15

This sounds "convenient" This sounds "inconvenient".

Another hot chick. I'm out of breath... no more blowing today.

A lot of sucking and blowing going on today.

LOL LOL ...yes ...quick.

Sweet, I'm blowing like a Hoover sucks - very efficiently. Please wait up

Good job, well said. No need to blow me

Excellent, we have a rumor backing a rumor. That's good enough for me. Time to look for my coffee can stuffed with IQD.