[Maliki calls parliament to endorse Budget Law as soon as possible]

Someone around here called it. Don't remember who though. Think it was a week ago or so said that he was going to pull something like this after the elections

[I don't know about the rest of y'all, but...]

 I got into this thing for the money. And whether or not any of you will admit it even to yourselves, so did you.

 

Why would anyone even deny that fact to themselves?  This is the whole point of this venture. Nothing more nothing less.

[I could never stand Glenn Beck but watch this...]

The next bubble is going to be the Student Load Debt

[I could never stand Glenn Beck but watch this...]

A bit more about the history of the Fed two parts

 

 

[**Governor of CBI statement**]

 

heres some commentary i got from a member partytime revolving around the date July 1:

 

And here in the U.S. FATCA starts July 1, 2014

 

 

 

 

 

Foreign Account Tax Compliance Act (FATCA) became law in March 2010.

 

* FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts

 

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA

 

 

Basically it's to do away with tax havens pure and simple.  Personally I intended to pay the capital gains tax on this venture. I spent too long waiting for this thing to eventually get busted and spend the next 15 years in prison for tax evasion. And none of us has the political connections and power to avoid that unlike the generational rich do.  Even with our new found weatlh we are not one of them yet.

[Deleting the zeros is not what you want!]

 

Both Russia and Afghanistan are countries who have zero lopped their currency. Lets look at their situations in relation to the Iraqi Dinar and the speculation and rumors about Iraq doing a zero lop on their currency: Afghanistan had 4 types of currency in circulation as a result of a civil war. It was unknown how much of each was in circulation. For the people and the government, this was a very difficult situation. As a result, the currency kept losing it's value. They needed something both credible and efficient to use as currency. You did not want people carrying around bags of money since everything is cash based. Their zero lop happened at the same time as they printed new currency to replace the confusing mix they had before. This ensured everyone had the same currency, there was a known amount in circulation, and people could buy and sell things with few notes.

 

It has little in common to the Iraqi Dinar and the speculation about the zero lop. Iraq has already printed and established a single national currency, with secure features and knows exactly how much is in circulation. The Dinar denominations are already designed to carry high or low values without carrying around sacks of money. It makes no sense for them to change the face of the currency, when they are talking about increasing the value to fit their economic goals. Russia performed zero lopping to their currency in 1998. They did this in response to hyperinflation and to restore confidence in their currencies structure and value. Iraq has roughly only 20% inflation. Russia also had denominations that went too high - they had denominations of 5k, 10k, 50k, 100k, and 500k - which were replaced with denominations of 5, 10, 50, 100 , and 500. In comparison, Iraq's highest denomination is the 25k and has denominations all the way down to 25 Dinar. If Iraq did zero lopping off the structure of the bills, they would overlap denominations that already exist. This does not make sense or fit the stated goals with the Iraqi Dinar. It seems that a zero lop, or zero lopping would not occur with the denominations of the Dinar, but by increasing it's value with a revalue that would benefit their economy and their poor in a positive way.

 

http://www.iraqdirectory.com/DisplayNews.aspx?id=1677

 

Which is pretty much my thinking about this lop business.

 

 

Their zero lop happened at the same time as they printed new currency to replace the confusing mix they had before.

 

This quote specifically.  The fact that Iraq has just spent lots of money to print up new high security bills of the same denomination is a pretty good sign there isn't going to be any removing of zeros from the bills in the near future.

[Greetinga]

....FYI....do read the Nadita File report. Great time saver!!

 

Actually I have been already thanks

 

And thanks Bumper64

[UAB: infrastructure for the banking sector in Iraq ready to receive international banks]

Looks very promising. This is going to be so surreal when this venture pans out.

[Greetinga]

.....and, even our own gurus don't lie as much as other site's gurus!

 

I don't listen to guru's at all. I got into this venture long before there were any such beings as gurus. I check, occasionally, CBI and whatever news you guys post (or I stumble upon on my own) and chat about.  But thanks for the headsup.

[Turki: raise zeros from the currency is linked to the stability of the two modes of economic and political]

If it takes that much long for me so be it. When I got into this with a buddy of mine who worked for a contractor in Iraq, we went over all the pros and cons. This was long before there were any gurus it was around late 2004 or early 2005 ish been so long I don't remember the exact dates and you could buy a lot more dinar for the dollar back them.  We knew this wasn't going to be an overnight sensation. We estimated this would take around 5 to 10 years worst case scenario we figured around 15 to 20 years.  We are not up to the 10 year mark yet for ourselves but close enough.  Now this was assuming Iraq just simply didn't go kerplunk totally or they would change the currency completely and it would be an in country exchange only (years later) and or they would lop the 0's off those big bills.  The way it stands now with the current exchange rate if I were to cash out now I'd have doubled my initial investment. Not too bad imo and better than walking away with zero. 

 

Consider this: How much money have we speculated on the lottery and walked away with zero in a 10 year span? Let me tell you it's quite a bit. A heck of a lot more than what I and probably some have spent on the Dinar and the odds of winning are better with it.

 

Anyway, my dinars are locked away in a safe place and occasionaly I check to see how Iraq is coming along.  It's a rather fascinating and unique opportunity we've been given when you really think about it.

for what?  another year or two??

[Greetinga]

Thanks guys

[Turki: raise zeros from the currency is linked to the stability of the two modes of economic and political]

.00086 to .86 from exchange rate

 

Oh that's the deleting zeros. I remember a few years ago there was a debate about that around here.on what was meant by those removing zero statements coming out of Iraq.

[Greetinga]

Been in this Dinar speculation since 2005. It's been a long wait. Think I started reading DV off and on now since 2008 or so.  Don't know why I never bothered to register. So I'm here now and hello.

[Central Bank: Delete the zeros from the currency is linked to the stability of the political and economic situation]

I don't get it. If they are going to delete zeros from the currency, why bother to go through the expense of issuing new 5k, 10k and 25k bills with all the security features to replace the old worn bills in them along with issuing the 250, 500 and 1000 bills?