UNEEK

June 5, 2015

JC Collins is from Canada - not sure how or if that has any bearing on how he writes and if it influences his perspective - Some readers really get into an almost heated debate - I hope other DV members are familiar with him and will respond to the thread - Thanks in advance

Reader Comments On: Dinars, Chinese Elders, Dragon Families, Bonds, Scams By JC Collins

http://dinarvets.com/forums/index.php?/topic/203703-dinars-chinese-elders-dragon-families-bonds-scams-by-jc-collins/

Daddy Warbux I agree with you. Here is another dirt bag from the Dinar world heading to prison for wire transfer fraud. https://www.youtube.com/watch?v=Lv-DscAQ78o

Rebecca So the dinar is truly a scam even if you bought it from a bank

Dottie Derewicz This is where I have the problem with the open mind concept. Before you really take serious anything that is put out there you need to investigate it thoroughly. And if you aren’t sure then ask someone you truly trust, such for myself would be JC. I think he has proved himself and would not steer you wrong.

Dottie Derewicz rebecca, I think what JC wrote in this paragraph could help you.

The reality of the situation is that the dinar market has zero actual liquidity. The Iraqi currency is not even traded and can only be purchased through the online dealers who produce and support the scam script. They sell the storyline that the dinar will revalue upward and investors will make millions from nothing but a small investment. Many even claim what the new exchange rate of the dinar will be, while playing on the greed and dreams of those who desperately seek a better life.

Carey Peters Dottie, I bought dinar from a bank as I believe rebecca was indicating the same. I know of many people who purchased their dinar from bank in the USA.

Jcollins When? Where? For how much? Can they sell it back? Details please. No banks will sell or offer dinar as it is not internationally traded. Period.

Mel Chior I’m from Canada. Many reputable currency dealers offer the IQD up here. I bought some many times at their exchange windows around my area and could sell it back tomorrow if I choose to. So far I haven’t sold any back. There is a rather large spread but it is available to us to buy and sell if we choose.

I highly respect your writings JC – always have! I’m guessing you just didn’t know this small detail about Canada.

Here’s the website of one of the dealers I’ve personally bought from at their exchange window – http://www.kantor.ca/ You can surf their site for current price quotes.

On a totally separate note – I came to the conclusion that I’d rather hold VND than IQD sort of on my own. Reading your logical explanations of what is happening in Vietnam helped me along the way. I agree with you on this.

Jcollins You are correct Mel, the Kantor site does list IQD. With a quick glance Kantor appears to have a similar set up as the money market licenses which dinar dealers get down in the US. The dinar is still considered a currency that is not internationally traded. As an example, the Ice currency exchanges in the Airports up here do not offer dinar. Nor do the banks.

Michelle https://www.xxxxxxxxx.com/bw

I have purchased dinar from this website for the past 4+ years now. Many locations within US. Based out of Florida and I researched before my first purchase. Roughly 1,000+ USD per 1million dinar.

They will purchase it back minus a spread. Many on a dinar site called Dinar Recaps “blog” page have stated they purchased Dinar at Wells Fargo but I cannot confirm.

Many articles by JC Collins show up on this site as well. Also read a SIGIR report showing the actual value of dinar based on Iraq’s financial position was over $1+ and that was several years ago.

I have been researching since I invested many years ago. Please keep researching and let me know your thoughts … By the way I enjoy your articles! I realize it is not internationally traded but when it is, the dinar could be a great opportunity for those holding the currency. Of course this is my personal opinion.

Dane Michelle 4 years is a long time. I would ask them how they will handle IF the IQD is retired?

Will they still buy back useless money? If so for how much on the dollar?

How will they handle IF Iraq changes the denomination of their money by “removing zero’s?”

Will your $1000 investment be worth $10, $1 or nothing at all?

Just some logical questions to think about. I see you have the IF it becomes an internationally recognized currency covered already. Good luck.

Continued..........

June 5, 2015

After reading pretty much every one of his articles the last year or two, I find it kinda funny how JC built a nice following by NOT saying such things about Iraq then changed his tune AFTER switching to a subscription based newsletter.

Hope his take on the SDR dosen't pan out the way he sees it either.

Hey thanks for your reply -- it is good to hear from someone who has read his blog -- He was not writing much at all about the iraq situation - right - and not writing often but boy now he is really putting it out there

I was shocked at his warning post - I realize that there are scammers amongst us -- but I do not feel it is the investment itself -- My understanding -- and I could be wrong - is that JC feels the whole thing is a scam

I am more curious now about his early on postings and when I have time will go back and re-read some of them from the recaps blog -- I do remember him being more positive about the dong - thanks again for your thoughts -- UNEEK

June 5, 2015

Millionaire In Training - Thanks for your thoughts - I agree with you - I know we cannot count on what the so called "gurus" say but the news does give positive hope of a change in value -- much progress has been made and I "choose" to hang on to what I have and hang in for the RV

JC 's stance is rather strong and a little stronger than I expected -- I am so blown away by many that appear to be AND WHO ARE so darn smart and knowledgeable in all of this but I cannot for the life of me make a judgement call on them - lol I just keep reading and reading hoping to get a little smarter as time goes by - I am smart in some things but not politics or world economics -

I have read all of his posts, as stated earlier; but without being at least close to his intellect and knowing "him" I cannot vouch for what he writes - I can only decide if I want to believe it -- and how can I do that if I do not fully understand and grasp the full meaning of economics & politics?

I DO chooses to believe in the investment but I also know there is a chance it will not make me rich anytime soon. I am glad I have a job that I can do and it pays the bills

June 5, 2015

One Mans opinion..... but a very strong one --

I have been reading JC Collins for about 18 months - right after he started his blog - He is a very astute writer and I would say knowledgeable about economics -- I would never be able to debate him as I am definitely not in his league - lol -- Reading does not necessarily mean that I agree with or even understand all that he supports -

I read all of his posts -- well until he and a partner went to a paid membership about a month ago -- He will on occasion write an article for the public as "free" - I check frequently for those - I am bringing his latest for all to digest and discuss -

I will post his reader comments shortly -- they are quite interesting as some really get into debate -- I am looking forward to some discussion here from the ones who are seasoned - and will take the time to read -- Thanks in advance for your thoughts - I have not posted in a while but I have been here observing and reading - UNEEK

P O M = Philosophy of Metrics

ECONOMICS, FREE POM, PREMIUM POM

WARNING ON SCAMS (FREEPOM)

MAY 26, 2015 JCOLLINS

Dinars, Chinese Elders and Dragon Families

By JC Collins

The importance of this post stands apart from the majority of the material on POM. The relevance and timing of this information corresponds with the evolution to some of my own initial assumptions and the full application of logic.

The post itself will be made available free to all readers in the hope that the information will get to those who need to hear it the most.

Every day tens of thousands of people around the world fall victim to financial and investment scams. These schemes are complex and use official sounding words and documents to provide a sense of legitimacy.

Daily conference calls, website forums and groups, and creative writing pitches, are used to create an environment of false future prosperity. The storylines constantly change and shift about in order to avoid any end result or conclusion where riches are awarded.

The financial losses which take place because of these scams are difficult to determine, but they likely measure in the millions of dollars per day.

Many who are taken in by these scams become embarrassed and have a challenging time accepting that they were fooled by the well-designed schemes.

Like most scams, the structure of each is based on some variation of truth and possibility which surrounds real world processes.

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Considering the content which is provided on POM consists of analysis and trends surrounding some of these real processes, it would be prudent to attempt to separate fact from fiction and ensure readers are able to discern which is real and which is fake.

For the most part, this is a post which I have avoided writing since starting POM. Many past articles have danced around the issue, and much of the fact based referenced material provided here has forced some of the scammers to change the storyline of their scams. Which was somewhat the intention.

The framework of these scams all center around the revaluation of the Iraqi dinar, new world economics, and the redemption of vast amounts of historical bonds. The storyline of each scheme uses the names of major banks (such as Wells Fargo in the dinar scams), government agencies, special status, and secret sources.

As stated, some of the scams even produce official looking documents with actual seals and signatures to provide a false sense of reliability and status. Buzzwords and phrases are used to invoke a sense of emotional want and familiarity, such as:

Private Placement Programs
Secret Trading Platform
Secured Funds
Pooled Funds
Blocked Funds
Transactions associated with the Federal Reserve, UN, EU, IMF, World Bank, etc..

Scams involve transactions in the following methods:

Bank Guarantees
Letters of Credit
Currency Revaluation
Historical Bonds

Other keywords used in the scripts of each scam may be as follows:

Platform Trading
Fed Trader
Tier-1 Trader
Fed Sanctioned
Iraqi dinars
Fed Pooling
Humanitarian Project Funding
High Yield Trading Platforms
Prime Bank Instruments
Paymaster
Top Level Players
White Hats
Dragon Family
Chinese Elders

This is just a short list of keywords and phrases which are used to promote and support these frauds. Each scam has a small army of reps, advisors, brokers, and colorful characters who produce a constant stream of propaganda and pitches.

At times the connections between sites and personalities may not be as obvious.

When you begin to trend the storylines and made-up facts, it quickly becomes apparent that most scams are attempting to capitalize on the public’s lack of understanding about real world events, such as IMF reform and the adjustments which are required for the global monetary framework to function under a balanced multilateral mandate.

The fact based and documented analysis which has been provided here on POM regarding the SDR and China’s desire to have the yuan added to the basket composition, has forced some of these scripts to change.

Early in 2014 these scams were based on the BRICS countries, and China in particular, overthrowing the western bankers, which would involve the complete collapse of the American dollar.

It was stated repeatedly in the propaganda material created by these scammers that China would never have anything to do with the IMF and the SDR.

Since that time, based partially on the fact based and referenced material provided here on POM, the script has changed and the scammers are now producing daily and weekly material stating that China and the BRICS countries are only pretending they support the IMF and multilateral framework.

Apparently their real intentions are to overthrow the existing international institutions from within.

Changing storylines are the one dead giveaway to scams. Contrast this against the consistent facts which are presented here.

The POM script never changes and the real world application of the transition can be measured, such as the conclusion made here that China would seek to have the RMB added to the SDR basket, which was later confirmed by announcements from both China and the IMF.

The complexity of this transition makes for fertile ground for misunderstandings, which allow for the growth of complex scams which aren’t easy to recognize.

Even intelligent and high level professionals in the fields of finance and banking have fallen victim to these scams. In some cases, these people unknowingly continue to promote the scam because they believe in the validity of the script.

It’s only after endless disappointment and the continuous passing of deadline after deadline that they begin to awaken to the horrific nature of the scam.

Consider the dinar scam. Every week on conference calls and web forums it is stated by crafty designed characters that this week is the week. High placed sources tell them that the banks are ready and this weekend the blocked funds will be released. Every week passes with no such conclusion.

The reality of the situation is that the dinar market has zero actual liquidity. The Iraqi currency is not even traded and can only be purchased through the online dealers who produce and support the scam script.

They sell the storyline that the dinar will revalue upward and investors will make millions from nothing but a small investment. Many even claim what the new exchange rate of the dinar will be, while playing on the greed and dreams of those who desperately seek a better life.

What they don’t tell you is that the only place you can redeem the dinar is in Iraq, and for only a fraction of the price they were purchased for from the “dinar dealer”.

Most extremely low currencies will eventually end up being redenominated as opposed to revalued. Especially from countries which are in political and economic turmoil.

Iraq has none of the economic fundamentals and metrics which would support a revaluation of the dinar. Make no mistake, this currency will be redenominated at some point when political stability returns to the country.

Contrast this against the economic growth and viability of Vietnam. Here on POM we have covered the metrics surrounding Vietnam’s growth and the potential for a revaluation of the dong currency, based on information and statements made by the State bank of Vietnam in regards to ending the peg to the USD and pegging to their largest trading partner China.

The dong is traded all over the world and has market liquidity. No one can say if it will in fact revalue, or by how much. But if any extremely low valued currency has a chance at revaluation as opposed to redenomination, it is the Vietnamese dong. Time will tell.

Another widely spread scam involves historical bonds from around the world. Like the contrast between the dinar and dong, there is always some truth which can be found, but little substantiated information to support those truths.

Whether its gold-backed Chinese bonds from 1913, or Mexican bonds, German bonds, Farmers bonds, Brazilian bonds, or US Railroad bonds, thousands of people every day are being scammed by scripts which keep promising a payout which never comes.

These bonds have been defaulted on decades ago and there is no market liquidity associated with them.

There may in fact be some historical bonds which could be considered for redemption as a part of a macro monetary transition to the multilateral framework.

Some historical Chinese bonds were redeemed with the transfer of Hong Kong from British control back to Chinese control, so such a process could take place in the future.

Previously I have been provided information on historical bonds, but I am now extremely reluctant to provide this information or support it in any way whatsoever. This field is so full of false narratives and scammers that it would be wise not to promote or spread potential disinformation.

When considering these scams, why would any international or governing authority place the power of such wealth, which is described in these scams, in the hands of internet clowns, assorted characters of dubious origins, and web forums and conference calls which reek of greed and attitudes of exclusivity?

Since 1993 regulatory and law enforcement agencies from around the world have issued warnings on these specific scams. Alerts have come from the following:

FBI
Comptroller of Currency
Securities and Exchange Commission (SEC)
US Secret Service
Department of Treasury
UK’s Financial Services Authority
Canadian and German Governments
Australian Securities and Investments Commission
International Monetary Fund
And the World Bank

Many will continue to ignore these warning by claiming that these regulatory and law enforcement agencies are not telling the truth.

Many scams demand complete secrecy from those who have “invested” in the exclusivity of the opportunity or platform, which apparently supports the lack of knowledge from official regulators.

Just because these governing bodies may not always have the public’s best interest at heart does not mean the warnings they issue in regards to scams are not valid.

People fall victim to these scams for a number of different reasons. Most have to do with desperate acts of greed, human psychology, feelings of self-importance (such as exclusivity), appearance, hope, and in the case of dinar and historical bonds, escalating commitment, as those getting scammed keep investing more and more in the hopes that one day soon it will all payoff and make them rich beyond their wildest dreams.

Any scripts which present information from secret sources, white hats, dragon family members, Chinese elders, so-called whistleblowers, and other variations of internet storytellers, which contain propaganda surrounding the overthrow of western bankers (bankers are bankers), or some new economic system which excludes the United States, should be avoided and dumped in the virtual trash bin.

POM and I have continued to be attacked for providing the factual alternative to these scam scripts, and it will likely continue after this post. Since POM is now providing a paid service, I will continue to research and present accurate information for those who deem it valuable.

It is my hope that all will prosper and retain wealth through the multilateral transition which is taking place. The full transition itself could take years, which means the scams reviewed here will continue to morph and adapt to the changing realities.

Any comments which attempt to promote these scams or support the narrative will not be posted. Since POM is now a service, it is my responsibility to filter such nonsense and ensure that subscribers are getting only accurate and factual information on which they can base their own financial decisions. And don’t complain about free speech. I’m not the government and this is my house.

Wealth growth and retention are only realized through hard work and financial discipline. Get rich quick schemes are meant to transfer your wealth to someone else. They will never make you rich or financially secure.

One last thing, considering the high level of some professionals which I have encountered who believe and support these scam scripts, it can be determined that whatever the origins of the scam, they have now taken on a life of their own as those caught in the web refuse to believe the ruse and continue to promote the script in acts of ignorance in order to deny themselves the reality of their own human character flaws. It is unlikely that there is a coordinated effort in the promotion of these scams. – JC

June 4, 2015

TK just posted this

[TERRYK] WELL I WILL TELL YOU ALL THIS…PART OF THE STORY IS TRUE

[TERRYK] I WAS DETAINED YESTERDAY FOR ABOUT 5 HOURS BY THE FBI

[TERRYK] THEY DID RAID MY HOME…11 OFFICERS

[TERRYK] THEY TOOK ALL ELECTRONICS AND THUMBDRIVES…PAPERWORK

[TERRYK] THIS IS BECAUSE WE HAVE A BANNER ON THE SITE, NO DIFFERENT THAN THE OTHER BANNERS, HOWEVER THEIR IS SOME ISSUES WITH STERLING THEY ARE LOOKING AT THAT IM NOT AT LIBRITY NOR DO I REALLY KNOW WHATS GOING ON

[TERRYK] IM NOT UNDER ARREST…IM ALLOWED TO MAINTAIN THE SITE, AND HOW I DO BUSINESS

[TERRYK] NOW YOU KNOW THE TRUTH

[TERRYK] NOW THE RUMOR MILL GOING AROUND IS THAT ALL DINAR SITES WILL BE GOING DOWN hSOON

[TERRYK] THE OTHER BANNERS ARE NOT QUESTIONED JUST STERLING

[TERRYK] I WANT TO MAKE SURE YOU ALL KNOW THIS

[TERRYK] I AM NOT AN EMPLOYEE OF STERLING …NEVER HAVE BEEN

[pmscott55] ericasmom Sterling page is still up and working just loged in

[TERRYK] I THINK THATS WHATS BEEN SAID OUT OF ATLANTA PAPER OR SOME SITE

[TERRYK] I DONT KNOW ANY DETAILS OTHER THAT WHAT THE PAPER HAS SAID ABOUT STERLING

[TERRYK] NOW SOME OF THE STAFF HERE WERE VISITED AS WELL

[TERRYK] I WILL TELL YOU THAT

[TERRYK] KEEP IN MIND WHAT WE HAVE ALWAYS SAID

[TERRYK] TREAT EVERYTHING WE DISCUSS AS RUMOR

[TERRYK] BUT AS THEY WENT THRU MY HOME YESTERDAY, HAD ME IN ONE ROOM, MY WIFE IN ANOTHER AND BEING ASKED QUESTIONS FOR 3 HOURS ITS A LITTLE SCARY

[TERRYK] AND THEN ANOTHER 2 HOURS WATCHING THEM GO THRU ALL YOUR STUFF

April 29, 2015

Thanks for the humor - I thoroughly enjoyed this one !! You do a great job here - appreciate it too !!!+1

April 22, 2015

Very interesting - thanks for sharing -- I kinda forgot about this event - do not know much about it - only heard about it a few yrs ago - the time lapse was neat! +1

March 27, 2015

WOW!! Life is no longer safe or sacred -- how sad it is - This tragedy somehow could over shadow the longed for - hoped for RV -- heck -- even with lots of money and the possible desire to travel who is going to want to?

It is difficult to maintain sanity - hope and trust these days -- It is just unthinkable the tragedies and inhumane things that you read about in the news - what mankind is doing to others --

Instead of a voice wanting to be heard it seems easier and safer to become quiet & distant -- but that is not the way to end it is it; so some may say -- As we know much bloodshed has been spent in the efforts - Is that working????

March 27, 2015

Umbertino -- Absolutely one of your best posts !! It was a wonderful story and so pleasing to read!! I could not help but make some comments this morning and come out of my silence! lol

Stories like this may be rare but none the less they restore some lost hope in humanity and the innate nature to touch - to love - be loved - and show compassion -- when there is a real soul connection like these two people had it is just awesome!!

I am not giving up hope for myself to even find myself in such a relationship ha ha !!

Thank you for sharing Umbertino and bringing me out of my shell :)

Oh BTW JFYI - my silence has mostly been due to 4 funerals since the last of December and with a friend in Hospice another is soon to happen --

I enjoy reading here (even contributing when I have something I feel will be of interest to others) So while my presence may not be so evident and my silence is just know that I am aware and I am lurking and care about all that happens here

February 24, 2015

Thug -- you have a sizeable fan club here at DV -- You have entertained us for a long time -- I hope you have the best birthday ever and are able to spend it with people you love!!

February 24, 2015

February 19, 2015

Moose OMG that was incredibly funny and entertaining -- thank you ever so much for all the wonderful things you bring to us !!!!

February 19, 2015

If you have ever ask, "how could our troops kill or injure children? Why are so many being harmed in battle?" Now you know. These children are on the field, covered in masks and body bombs, and deceived out of their mind.

These adults are sick, and spreading their doctrine of hate and evil. It is way past time for us to take the lead ON THE GROUND and send in the street cleaners to eradicate to infection.

Nelg, I agree with you -- as much as I am against killing -- this just cannot continue - - using children - it is so disturbing !! It really is difficult for me to comprehend such behavior from humans against humans -- May God Help Us!!

February 18, 2015

Thank You Yota --- I am curious as to what will transpire now -- and to find out what exactly this means -- there sure have been a lot of twists & turns in this dinar / Iraq saga --- Thank you for bringing us the news --

February 16, 2015

Wooooooowhooo !! Great Thread!!!!! Loving the news!!!!!! Thanks Thuggie & Yota !!

I hope it is okay to ad a snippet from milliondays post from last night about this:

Millionday: NOTE -- THIS IS THE WORLD BANK FOR IRAQ -- HUGE

Millionday: Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks.

Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that the Commission will open this existing system files in 32 banks and the government waged within the development of banking project.

Millionday: NOTE -- THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM

Millionday: It added that the electronic clearing system based on smart instruments, and the common knowledge in their account in more than one bank, and also appears in the central bank.

The World Bank has allocated $ 10 million for the restructuring of State-owned banks and activation of electronic transactions including electronic clearing system.

Millionday: SO THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED -- WHOOOPOW

Danalivin4HIM: Did they state when?

Millionday: THIS WILL BE DONE WITH THE BANKING DEVELOPMENT PROJECT -- THE REFORMS THEY ARE DOING NOW WITH ALL REFORMS

faith1: Do you have a list of the 32 Banks ? Like that it said ...Commission will open this existing system... existing system !!

Millionday: THESE ARE THE IRAQI BANKS - YES I WILL BRING IT NEXT FOR US HUN

Millionday: ID Bank or Institution City Branch Swift Code

1 ABU DHABI ISLAMIC BANK BAGHDAD ABDIIQBA

2 AL BARAKA TURK KATILIM BANKASI A.S. ERBIL BRANCH ARBIL BTFHIQBA

AL RAFIDAIN BANK BAGHDAD RAFBIQBA

5 AL-BILAD ISLAMIC BANK FOR INVESTMENT AND FINANCE BAGHDAD AIIFIQBA

6 AL-HUDA BANK BAGHDAD BHDAIQBA, 8 ASHUR INTERNATIONAL BANK FOR INVESTMENT BAGHDAD AIBIIQBA

9 ASYA KATILIM BANKASI A.S. ARBIL BRANCH ARBIL ASYAIQBA

10 BABYLON BANK COMPANY BAGHDAD BABKIQBA

11 BANK OF BAGHDAD BAGHDAD BABIIQBA

12 BANKMED SAL, IRAQ ARBIL MEDLIQBAARB

13 BANKMED SAL, IRAQ BAGHDAD MEDLIQBA

14 BANKMED SAL, IRAQ BASRAH (BASRAH BRANCH) MEDLIQBABAS

15 BANQUE LIBANO-FRANAISE SAL - IRAQ BAGHDAD BLFSIQBA

16 BBAC SAL ERBIL BRANCH ARBIL BBACIQBA

17 BLOM BANK S.A.L. BAGHDAD BLOMIQBA

Millionday: 18 BYBLOS BANK SAL IRAQ ARBIL BYBAIQBA

19 BYBLOS BANK SAL IRAQ BAGHDAD (BYBLOS BANK SAL) BYBAIQBABAG

20 BYBLOS BANK SAL IRAQ BASRAH BYBAIQBABAS

21 CENTRAL BANK OF IRAQ BAGHDAD CBIRIQBA

22 CIHAN BANK FOR ISLAMIC INVESTMENT AND FINANCE ARBIL CIHBIQBA

23 COMMERCIAL BANK OF IRAQ (S.A.) BAGHDAD AUBBIQBA

24 CREDIT BANK OF IRAQ BAGHDAD CBIQIQBA

25 CREDIT LIBANAIS SAL BAGHDAD CLIBIQBA

26 DAR ES SALAAM INVESTMENT BANK BAGHDAD DSIVIQBA

27 DIJLAH AND FURAT BANK BAGHDAD DFDIIQBA

28 ECONOMY BANK FOR INVESTMENT AND FINANCE BAGHDAD (ALSHORJAH) ECOVIQBA616

Millionday: 29 ECONOMY BANK FOR INVESTMENT AND FINANCE BAGHDAD ECOVIQBA

30 ELAF ISLAMIC BANK BAGHDAD ELAFIQBA

31 ERBIL BANK FOR INVESTMENT AND FINANCE ARBIL EBIFIQBA

32 FRANSABANK SAL, IRAQ BRANCH BAGHDAD FSABIQBA

33 GULF COMMERCIAL BANK BAGHDAD GUCEIQBA

34 IBL BANK, SAL BAGHDAD INLEIQBA

Millionday: SO THESE ARE THE BANKS THAT HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM MINUS THE EXCHANGE FOR MONEY COMPANIES THAT HAVE SWIFT CODES AS WELL

Edoman: What happen to Warka Bank ?

Millionday: I THINK THAT THEY HAD SOME ISSUES AND HAD FROZEN ASSETS AND I HAVE NOT HEARD ANYTHING ELSE FOR IT BUT VERY GOOD QUESTION AND I WILL DO SOME RESEARCH FOR US ON IT HUN

faith1: wow .. pretty official when we have list of banks that can / will transactions international !

Millionday: YES IT IS VERY GOOD AND THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM

MGM: Guess im the only one that doesnt know what an electronic clearing house is. Could you explain?

Millionday: SURE HERE WE GO

Millionday: I DONT NORMALLY PULL FROM THIS SOURCE BUT IT WILL TELL YOU WHAT IT MEANS

Millionday: A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions.

These transactions may be executed on a futures exchange or securities exchange, as well as off-exchange in the over-the-counter (OTC) market.

A clearing house stands between two clearing firms (also known as member firms or clearing participants) and its purpose is to reduce the risk of one (or more) clearing firm failing to honor its trade settlement obligations.

Millionday: A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (also called "margin deposits"), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms,

and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit. Also, it acts as a clearing firm.

Millionday: THIS EXPLAINS THE INTERNATIONAL CONCEPT -- LETS LOOK AT IT TOO

Millionday: THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE

Millionday: Every country has some form of unique payment system based on its own financial practices, preferences and legislative requirements.

As these countries modernise their banking systems to improve or reinforce their overall financial status globally, there is an increasing need for payment services that not only conform to international standards and infrastructures but also provide faster clearing cycles, all while balancing efficiency, cost and risk.

Millionday: NOTE -- THIS IS A RECORDED SYSTEM THROUGH THE ELECTRONIC DATA BANKING ENTRY

Millionday: A modern, efficient payment system is critical to the overall performance of a country’s economy and its ability to compete in global markets.

Such a payment system can provide governments and Central Banks with the data they need to guide monetary and fiscal policy, allow for equitable sharing of risk between parties, and promote stability in the financial system.

It can also promote efficient use of the available money supply and create confidence in the economy abroad, providing a more favourable climate for international trade and investment.

Millionday: SO AS WE SEE -- THE WORLD BANK HOOKING IRAQ`S BANKING SYSTEM TO THIS IN ITS ENTIRETY IS A HUGE HUGE WHOOOPOW AND SHOWS THE GLOBAL PROGRESS WE ARE READING ABOUT -- SMILE

Millionday: EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION

Millionday: SO WHOOPOW DONT YOU THINK ROBIN? SMILE

ROBINREDHED: omg yes

Millionday: Naturally Alhal.la Ahd.mazm peoples of the world to share their industries and for centuries and Karon.lkn with the expansion of trade between the countries, and increase production,

and the diversity and abundance of goods, it was necessary to organize such trade Dolaa.oukd We found ways of organizing banking and utilitarian means of exchange between importers and exporters around the world and a way that guarantees the rights of the parties.

Millionday: NOTE ---- THE WAY ESTABLISHED FOR THE WORLD TO SHARE THEIR INDUSTRY AND ALSO RECORD TRADE IS WHAT WE ARE READING ABOUT HERE FOR IRAQ –

LETTERS OF CREDIT ARE PART OF THE BANKING REFORM AND SHOULD BE THE LAST GLOBAL STEP WE SEE IF THAT IS WHAT THIS IS GOING TO TELL US

Millionday: was the documentary credit process. Any reliance which is based on some documents and accreditation is the (confidence) and that's where the banks in various countries around the world to adopt the principle of trust in their dealings with each other, so the documentary credit process became the basis for import operations and Altsidir.la

I want to disconnect the process of opening the letter of credit because the article is not this But the goal, however, want to point out some important points in reliance:

Millionday: NOTE -- IRAQ`S CREDIT RATING AND CBI AND BANKING SEEMS TO BE BEING REVEALED HERE

Millionday: NOTE -- ACTUALLY THIS SHOULD BE THE BANKS OF IRAQ RECEIVING THEIR LETTER OF CREDIT FROM CBI -- WHOOPOW

Millionday: based on the letter of credit by the bank, which is trading on a commercial contract in general without a male and a breakdown of all the paragraphs of the contract between the parties.

Are paying $ credentials to process the source by the bank correspondent in his country (or accept the documentary clouds in the case of postpaid) to meet specific documents, namely, (arrived receipt if payment in cash and / or clouds, existing business and waybill and the insurance policy and the certificate of origin),

There may be additional documents required by the importing such as veterinary, chemical and health certificate ... etc.

February 15, 2015

This is worse than just "sad" - Killing over a parking spot? Intentional / premeditated - hate / anger Killing is just not a good thing -- In the news just yesterday a Mother of 4, a nurse, was shot and killed just outside her home over a road rage incident -- Senseless killings - everyday -- I wish they would stop!! It is so depressing to read the news anymore - seldom see / read any happy uplifting news --

I almost now fear for the NC girl who won the lottery (188 mil) who had her picture plastered all over the news - Someone is likely now to be seeking her out -- Why does it seem that nothing is safe or sacred any more? How could human behaviors come to such horrible levels? Yes I know even in the days of Jesus there were egos & power & lives bought and sold - Does it just "seem" to be worse now to me, but maybe not?

I would not vote for a gun ban -- simply because that alone would not stop the killing - Killings can happen by so many other methods - choking, beating, knives - screw drivers - nail guns - drugs - etc -- maybe if we all had our hands tied behind our backs???? Where is the love? Where is compassion? Why is there so much emphasis put on being tough? ( I know, I know, so others don't hurt us?) Why not work on being softer / kinder ? Have a blessed day folks - hug your loved ones - and a few that you don't love - :)

February 15, 2015

That was soooo cool - what a nice & very generous surprise -- and thanks for sharing !!! I enjoyed it!! +1

February 15, 2015

Missed you girls sorry you are minus 1.

Lost my sister 5 days before Christmas. (only 62)

Wm13

Waterman13 -- wow sorry for your loss -- I have no sisters - only 2 brothers and a very close Uncle - with no husband or father or son now - I do lean on them at times -- pretty heavy even occasionally -- Grief is a tough pain to bear -- My heart truly feels for you - Praying that you heal and find peace & comfort to live on and love those that remain -- Blessings to you

February 15, 2015

Thank You UNEEK! Happy Valentines Day to you too. Had a hard day on the way back from a job, truck won't start after stopping to get something to eat. In the grace of Jesus there was an Auto Zone less than a 1/4 mile away. Bought a new fuel filter, installed it and we were on our way.

Hard day, but God blessed us.

Wm13

Bless your heart Waterman13 -- sorry for your inconveniences today - but I am very thankful that you were able to detect the problem and fix it and it wasn't worse -- I had my share of challenges today also -- I guess we were being fine tuned a little? :)

Talents are best nurtured in solitude; character is best formed in the stormy billows of the world -- Johann Wolfgang von Goethe

February 15, 2015

ahhhhhhh Yoda thank you -- sorry for the late reply I have been gone most of the day -- temps in the teens and maybe some snow in the forecast so I wanted to get a few extra supplies ---

Thanks for all the news you bring -- Hopefully the RV is going to show up in one of those articles realllll soon!!

February 14, 2015

Thank You HeavyDuty!!

February 14, 2015

UNEEK...Happy Valentine to you and yours.

February 14, 2015

Thank You Dog !! You're such an animal!!

February 14, 2015

Thank you, Uneek for your kind words! Well I got go to work today, on my birthday! My boss made me work today! Hopefully I don't have to work all day! You & Everybody here @ DV have a Happy Valentine's Day too! Its almost March, I sure hope Bravo 11 is still right about an RV next month! I want to go tell my boss, that she made me work my last Birthday, the ship has docked!!! The dinar word she hates so much has RV'd! I'm gone!!

Find something positive to think about working on your Birthday! -- Hey, something very special might happen just because you went to work today!! I am hoping / wishing that for you !! It is a blessing to even have a job these days -- I am still missing the people interaction since I closed my office a yr ago - Take care now -- and Have a Super Terrific Birthday!!!

February 14, 2015

If you can't be with the one you love -- Love the one you're with (even if it's just you) UNEEK

HOPE YOU ARE HAVING A FANTASTIC DAY

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