inheritance

Good evening Family, I wish to establish a declaration between us. I give you my word of honor that if I have info that is well studied and prayed over……..I will share it with you. If I come across coy or even teasing……..you need to know that this is not my intention. Yesterday I did an unprecedented CC on Sunday and my life lives on a airport people mover. This causes me to live my life faster than I want right now and consequently I cannot see to the right or to the left as easily as you sometimes. Many of you were excited and expected me to give you an RI/RV announcement. I then took it to another level of ignorance by stating that together we would walk into 5pm and look at Forex. This gave the notion to some of you that we were going to see a rate change. I said we would study and look together………but with all of our nerves already frail ………we tend to seek more than what we hear. My mission yesterday was to tell you that no soldier in any color zone was cashing out their IQD’s at banks for 5.25. It’s impossible. First of all banks aren’t open on Fri/Sat in Iraq. The IMF would not give special dispensation just for the military. But more importantly……..do you believe that our military leaders are eager for their soldiers to become rich and quit the military leaving us a little naked in our defensive posture as a nation? So for those that require it……..my sincerest apologies for not confirming the rumor of 5.25 but more importantly for not sharing my Team’s studies. Why didn’t I yesterday? Once again……my mission was to put out the rumors that were expanding day after day this past week. I waited until 4pm in hopes of verifying it. But not one single Team member across the world could do this for me. So I started our CC yesterday afternoon by reading two reports that bored some but enlightened the majority of you. Then I left it at that. AQ was trying to get a message to me through Skype. 10 minutes before we signed of the air……intel came in. Of course!!! You see Family ……….I could not serve you “MY TEAM’S INTEL” yesterday because it wasn’t fully cooked yet. Sadly I bored a few but unless I was serving you sashimi it would not have been fair to share with you our studies undercooked. But it’s cooked to perfection as a Pièce de résistance for you tonight. By the way…….the rumor about the 5.25 pegged to the Euro making the rate 8+ is for silly rabbits even today. The IQD will be pegged to the USD not the Euro. Come with me……..I will make you strong…….and then you will become stronger. Let’s study together. I told DELTA last night when he called in his report …….come home. IMO he has accomplished his mission and we will share it tonight. In fact DELTA will be with us Thursday night because he has a new report that his is working on concerning the CBI and the physical useage of new mechanisms to release the LD’s. DELTA’s mission was to………find the LD’s. He’s coming home. When George Robinson told you that the 29th was significant to him spiritually……..I brought him on to my CC and introduced him to you as a spiritual man. When the 29th came other sites scratched their heads while I told you………Family…something did happen. After 2 ½ years 10% of you trust me enough to let days go by in silence until you see the evidence of my suggestion. On Dec. 15th, 2010 the UNSC told M and S here is part of CH7……..now go fix your monetary policy because there are many things waiting for you to become internationally accepted and this process is just one of them. I will not bore you once again rehashing what happened with the CBI and the UST starting the first week in February. But I will remind you……..that on May 1st the UNSC expected the CBI to turn in its report to the IMF on its monetary improvements. They turned their homework in without much fanfare although bragged one day on Iraqi TV that they had accomplished all requirements to lift CH7. 4 weeks later at the end of May the grade card comes out for their report on the 29th. During this period of time another report comes in but this one is for the CBI. The auditing corporation from the United States of America……. Ernst and Young ………completed their report of the CBI. What were they studying? Well two days ago big S told little S to go on Iraqi TV and announce to the Iraqis that Ernst and Young have appraised their IQD to be worthy of $1.30 / 1 dinar value. They said the study was done during the 100 day period. Wow. That’s cool. But what does it mean for you and me as investors? Let’s keep studying. DELTA told me last night that his CBI contact was pleased. It is this source that stubbornly sticks to his opinion that the rate will come out at .85/.86 per 1 dinar. Family…….this source and DELTA and I wish to tell you that if it comes out somewhere between .86 to 1.30 ………it will not stay that way for a long time. We believe between weeks to handful of months before the end of the year……the rate will climb to 3+. Making it an RI or RV. Let’s say I have 3 mil dinars. If this was the case with the rates then I would cash out one or half a mil dinars. Why? For proper stewardship. Once I had this capital I would wipe out all of my debts. The remainder would be in my portfolio making a monthly profit. The other 2 mil dinars I would deposit in an American bank as a foreign investment currency. It would be like watching stock grow monthly. You see…….I would not spend thousands of dollars converting my remaining 000’s into LD’s. Instead……..my remaining 2 mil would become electronic IQD’s as a currency investment. As the remainder of the year evolves in 2011 I would wait until the rate was satisfactory to me and then ………cash out the remaining 2 mil. Logic should tell you that this is what I would do……….not my financial advice to you. Ernst and Young did an audit on the CBI internally and internationally. Because they have money inside and outside of Iraq. They told the CBI that they have completed the phase of lifting the 000’s which will now allow them to activate the phase to release the LD’s. In 2008 the GOI/CBI asked the IMF if they could return the IQD to its original value. IMF said yes we give you permission but it has to go through PHASES ………a process they said. In fact big S said the same thing the year before when he came out with his famous article telling the world that the CBI desires to return the IQD to the value and stability of the 80’s and 90’s……..BUT!!! he said it would take a process of steps to accomplish this. A process of ………..PHASES. Family ……..we are in the LD phase. It is as blue as it gets for my Teams right now. A contact that works for Iraqi TV called DELTA yesterday and told him that the lifting of the 000’s which is completely done is starting to activate some activities in the banks of Iraq. DELTA said last night……..Frankie you know they have the right tools to do this RIGHT NOW in the banks ……….I will tell the Family about this on Thursday when I join you again. But let me share one tool with you Family from our Team’s studies. (thank you DELTA) We told you in the past that ATM machines are fully loaded with LD’s. The green light on the top right hand side is on. Technicians were working on these machines since February. We can now tell you that the micro chips to identify LD’s have been installed in all the ATM machines and banking systems in Iraq. These chips identify the LD’s whether it be at the bank…..ATM’s or tools like…….. De La Rue’s. Many of you called asking me to translate a speech by M today………but that would be a waste of both of our times. We saw it and it’s nothing more than an old speech that he did in front of the so called missing ministers. It’s about a month old. Instead let me try to clairify some confusion about the speeches we told you that M and S have been working on. No intel on S’s speech yet but M will do his speech tomorrow …….their Tuesday at their 8am to 9am. It will be live TV but will all do respect it has very little if any about our investment. M is smart……..let me show you how. Tomorrow on the 7th his 100 days comes to an end. He is going to talk to the Iraqi people on LIVE TV about what he has accomplished in the last 100 days. Kind of like our President doing the State of the Union after he serves his first 100 days in office. He is going to tell the people all the great things he has accomplished and then he is going to look straight into the camera and tell the people all the things that were not accomplished by the ministers that others supported……NOT HIM. For the things that were not accomplished…..he will explain the problems that caused this failure. This takes the responsibility away from M and shoves it in the face of his oposition allowing him to say………hey I did my part! Blame them. This early morning speech is rare………normally news is presented once during the day with a few highlights in the afternoon then it is all repeated at 10pm in the evening. Overall there will be no pressure on M tomorrow ………..he’s going to enjoy himself as he makes himself look good in front of the most valueable resource of Iraq………..their precious citizens. Our Team shows that 40 to 50% of what was done in the 100 days by ministers was very productive. I believe the Iraqi citizens will realize tomorrow that not all PHASES could be accomplished within 100 days. M should chose his words carefully tomorrow. I could keep talking to you Family but I don’t want to bore you …….LOL. Wouldn’t it be fantastic if our government gave up the Federal Reserve and backed up our currency once again with universally accepted Gold? Back to the 70’s when we used to learn from the school of hard knocks…….I mean kept our gold at Ft. Knox. Well…….read the newspapers this week. How about some homework before I leave you? DELTA wants you to be ready this coming Thursday when he gives you the LD report. So answer me this Family…….the Paris Debt was dissolved by 80% when the GOI/CBI came to an agreement with the IMF. This was about 7 or 8 months ago. The remaining 20% of the Paris Debt was agreed to be resolved over small installment payments with low interest yield to be finished by 2028. BUT ……….there was a stipulation by the IMF. What was it Family? Here is another question on another subject. When does the first 20% payment come due? I started with a declaration and I will end with one. I will always be there for you Family……..I will always fight for you………I will always give you my Christian love and Aloha. KTFA, Frank

Love it Scooter thanks for all you do!

How many lies does one have to tell before he is a liar???

Just wanted to let you know I have bee around on many different forums over the years. I have never told you, but I appreciate the work you do! Love the radio program Hooah!

PD,PTR, & GET you all should go jump off a bridge. We do not want to hear your lies anymore!!!

I hope not I want more! :lol: :lol:

I will say thishe has been right so far… If it truly does not happen this year.... I have to believe the elite really do want to destroy the dollar! We all know the economy sucks, and they surely will not stop the spending in Washington. Besides that they still want to raise the debt limit. So if this waits until next year good bye USD!!!!

Since this will be the beginning of their week the 13th will be the next week.. OOPS! I mean the 12th will be the next week..

Didnt see it ahhahaa!

Good read from another site... June 2nd – 3rd WTO Ascension Day Iraq has Met Requirements for full Membership Quote: “(according to this article) Iraq is set for full membership” Thoughts: Iraq has been working diligently for over 5 years to qualify for their WTO status to ascend from “Observer” status to “Full Member” status. According to the title of the article, Iraq has met the requirement for this ascension. The next WTO Ascension Date is June 2-3, 2011. If their status is upgraded, this is HUGE for Iraq!!!! June 7th Maliki’s 100 Days Ends Quote: “Iraqi Prime Minister Nuri al-Maliki gave government ministers 100 days to deliver results and eliminate corruption or be fired.” Thoughts: This is HUGE also! At the end of the “100 Days” Makili can review individual members of Parliament and if it is found that they have not done their job, they can be fired. By the same token, if Makili is found to not have done his job, there can be a vote of “No-Confidence” and he could be removed from power. This is HUGE because both sides have a lot to lose, which provides a great deal of incentive to accomplish the tasks set before them! June 13th Iraqi Parliament returns from its 1 month holiday Quotes: “end of the vacation the Iraqi parliament in the June 13” Thoughts: This “vacation” is very significant. While Parliament is in session, there are rules, protocols & procedures in place that are very long and drawn out (which is why, in my opinion, very little gets done). However, the members of Parliament are working feverishly right now. We see article after article of closed door, private meetings where much is being accomplished. These guys are under a ton of pressure because of the 100 Days, the removal of the UN Sanctions (after existing under them for 20 years) return of the DFI Funds and the removal of those protections. None of these guys are on a beach with a drink with an umbrella in it right now, don’t let the word “holiday” fool you. June 13th Barzani seeks resolution between blocs and security ministries by June 13th Quote: “A meeting was held between several Iraqi political parties to discuss the candidates file security positions but not at the official level,” noting that he “is not expected that the resolution of the file before the end of the vacation the Iraqi parliament in the June 13” Thoughts: Although the members of Parliament are getting a tremendous amount done while they are on “holiday”, they have to be “in session” n order to legally cast their votes and pass things into law. This is why we will most likely see the seating of the ministers upon their return session on June 13th. June 13th – 15th Oil Gas & Power Conference Quote: “This is the ONLY event in the WORLD where you have the opportunity to examine current and forecasted economics of Iraq’s power capacity requirements – it’s not just another Oil & Gas conference” Thoughts: This is a HUGE international conference held in Turkey to discuss Iraq and all of its power capacity, requirements, oil, natural gas, electricity, etc and the economic ramifications thereof. This is a HUGE and very significant conference as it is the Gate-Keeper into those most promising industries in Iraq. June 15th United Nations remaining Sanctions officially end against Iraq 6 Months after the majority of the sanctions were removed on Dec, 15, 2010 Thoughts: According to the release of the majority of United Nations Sanctions in Dec. 15th, 2010, they gave Iraq 6 months to close the Iraqi/Kuwaiti file which ends on June 15. With the closing of this file is removal of the remaining UN Sanctions against Iraq. This is HUGE!!!! Iraq has been under trade sanctions since 1991. Imagine 20 years of limited or very restricted international trading and it all ends on June 15th! We have seen news article and news article showing the multiple and enormous deals that Iraq has made with company after company after June 15th they will be able to implement ANY international deal that they see fit to enter into. THIS is beyond HUGE!!!! June 15th CBI Promises IMF it will complete restructuring of the nations’ two largest banks by Mid-June Quote: “In the memorandum, published on the IMF website, Iraq also said it aimed to complete a restructuring of its two largest state banks by mid-June 2011.” Thoughts: This is also HUGE!!! These two banks do about 90 – 95% of the banking in Iraq. They are being “restructured”, cleaning house and zeroing out their balance sheets. This is being funded by the IMF. So, they are basically reevaluating 90% of their banking system. This is HUGE!!!! June 22nd – 23rd APEC Finance Ministers’ Process Conference: The Framework and Options for Public and Private Financing of Infrastructure Quote: “Asia-Pacific Economic Cooperation (APEC) Finance Ministers,… In this context, in co-sponsorship with the United States Treasury, which is chairing the APEC Finance Ministers’ process in 2011, the World Bank is organizing a conference on Public and Private Financing of Infrastructure. This is expected to be attended by delegates from 21 member economies and the ADB, Inter-American Development Bank (IADB) and the International Monetary Fund (IMF)” Thoughts: This is an economic meeting of epic proportions! This is basically a who’s who of power players in the economic world with a meeting already scheduled to take place this month!!! As the effects on the world stage of an Iraqi RV would affect the economies of the world I see this meeting and its timing as being very “coincidental” June 30th Central Bank assisted by IMF and World Bank to end the debt file (in June) Quote: “The central bank of Iraq that Iraq will use IMF and World Bank to end the file of commercial debt after the end of the Trusteeship internationalism on Iraqi funds in June.” Thoughts: This is also HUGE!!! This is saying that by the end of June Iraq will have “settled all Commercial Debt”. This is HUGE because on June 30th, the DFI (Development Fund Iraq) protection ends. That protection simply ensures that no country that feels that Iraq owes money to can try to get that money from that DFI Fund. According to this article the CBI intends to pay all outstanding debts before that protection expires! June 30th CBI Letter of Intent to the IMF (Due end-June) Quote: “we also remain firmly committed to containing current government spending, in the event that by end-June 2011 our oil export revenues turn out to be higher than our projection of $30.5 billion, we plan to save half of the additional revenues to rebuild our financial buffers, while using the other half (up to a limit of $5 billion) to finance additional investment to improve the delivery of basic public services.” Thoughts: This is HUGE also! It states that the CBI is committed to containing GO spending so that they can stay within the parameters of their budget. There have been numerous articles that state that, based on oil production of currently 2.25 – 2.7 MILLION Barrels per Day and an average cost of over $100 per barrel, that Iraq will enjoy an estimated 12% growth in its economy this year and will enjoy a surplus rather than a deficit. That is HUGE!!!! At a time when the majority of other countries are on the edge of bankruptcy Iraq is growing and profitable!!! June 30th Iraqi economy is starting from next June and a clear movement Quote: “adviser to the CBI the appearance of Mohammed Saleh, said that “the economy of Iraq starting next June Movement and clear,” he said, adding that “the investment budget allocated by the Government equal to 30% of the general budget and 20% of GDP, and this alone is enough to bring about positive changes in trends local markets.” Thoughts: This article was written in January, 2011. Even back then they KNEW that, this month, JUNE would be the “Dawn of a New Day” in the New Iraq! As Dinarians, we may think that there have been stall after stall, delay after delay. This article indicates that we are in fact right on schedule and exceeding projections!!! June 30th Resolution 1956 – Development Fund for Iraq Resolution / Protection Ends Quote: “Resolution 1956 formally terminates the arrangements established in 2003 for the Development Fund for Iraq on June 30, 2011, as a result of Iraq’s progress towards resolving debts and claims inherited from the previous regime and establishing accountable successor arrangements for the transition of the Fund.” Thoughts: This is HUGE!!! Since 2003 everything that Iraq has sold, along with all of the assets collected from the former regime has been deposited into these accounts. If they met certain parameters and requirements, they could get allowances from this account from time to time to develop the country. On JUNE 30th Iraq regains control of all of these funds with no further restrictions as further trades, deals, incomes and profits of their current ventures with no requirements or supervision!!!in addition to the DFI Protection ending on June 30th, the EO 13303 United States Protection of the DFI funds end also! WOW! Summary: All of that published information all clearly states that this is an extremely significant, “game changing”, empowering, month for Iraq!!!! The combination of all of these events and significant dates is mind blowing! Does it mean that Iraq will RV this month? Time will tell… What caused the current value of the IQD. Once the US invaded Iraq in 2003 and the harshest UN Sanctions in world history were imposed on Iraq and they were unable to sell their oil which makes up 90 – 95% of their GNP, the value of their currency tanked. If the world could not have Iraq’s oil, then they sure had no use of Iraq’s money. Now, in the month of JUNE every reason why their currency devalued is being overcome which only stands to reason that, with all of the reasons that devalued the currency gone, the currency would revalue again! THIS MONTH IS MONUMENTAL!!!!!!

Link Please...

Babylon University Study: Proposal to raise zeros from Iraqi dinarPosted: May 31, 2011 by THE CURRENCY NEWSHOUND - Just Hopin in Iraqi Dinar/Politics Tags: Central Bank of Iraq, Coalition Provisional Authority, Economy of Iraq, Iraq, Iraqi dinar, Jordanian dinar, Purchasing power, United States dollar 0May 27, 2011 Proposal to raise zeros from Iraqi dinar A. M. D. Jawad Kadhim al-Bakri Usually Matqom financial authorities of b (Ministry of Finance) by using the (fiscal policy) in order to maintain the general level of prices, in addition to the use of all productive resources available in the local economy to reach a state of full employment, as well as supporting the march of economic development, and this is done through the use of power financial instruments of fiscal policy b (government spending, and taxes). The Authority uses financial instruments to address these problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary and deflationary gap), which might be exposed to the local economy, in addition to their use is targeted to raise the level of growth in the country. Thus, the fiscal authority has no right to influence money supply and demand as they are the powers of the monetary authority of the Central Bank. History tells us modern economy that many of the countries of the world (which went through wars large Kaharpin Wars I and II or the collapse of their totalitarian as States of the former socialist camp) has proceeded to one of two things, either you change the national currency or remove a group zeroes them to return to the square of economic stability. In the U.S. experience in Iraq after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the currency of the new Iraqi currency, but equal in value, which would not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies. This situation led to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar. If what has lift (three zeros) from the Iraqi dinar, it will lead to increase its value to the (1000) once calculated value Almertbip to the number of zeros that have been filed, any box of cigarettes that were sold (1000) dinars possible purchase after the lifting of the zeroes dinar and one, a thousand dinars and modern can be obtained by the A pack of cigarettes. In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory. Positives raise zeros from the Iraqi dinar: The process of removing three zeros from Iraqi dinar deliberate, according to a tight monetary policy will lead to the following pros: 1. raise the purchasing power of the Iraqi dinar. 2. revalue the Iraqi dinar against other currencies. 3. increase the confidence of the Iraqi economy to foreign investors. 4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc.. http://www.iraq-busi...aqi-parliament/

LOL! CONGRATULATIONS YOU ARE RIGHT I MISSED THAT ONE! GLAD YOU ARE PERFECT! Yes I messed up! Cookies for you!

He never claimed to be a profit at all… It is just the title others gave him…. I feel he is a very humble man, and in no way shape, or form feels he is a profit.

well Friday is almost over in Iraq! 4 hours will tell....

Well banks are open, and its Friday so this one is busted!

BofA, Chase And Wells Fargo Unveil New P2P Payments Network Dubbed clearXchange, the new network will allow customers of the three banks to send payments to any email address or mobile phone number. May 25, 2011 Three of the nation's big four banks have developed a person-to-person payment service that'll allow customers to send money via mobile number or email address. The project, dubbed clearXchange, is a joint venture between Charlotte, N.C.-based Bank of America, San Francisco-based Wells Fargo and New York-Based JPMorgan Chase. It enables the three banks' customers to make payments from their checking account to anyone with an account at one of those three banks. Chase, Wells Fargo and BofA said clearXchange will roll out nationally, and that the plan is to ultimately bring other financial institutions into the network. Related ResourcesWhat Makes PayPal Disruptive?Customer Payments: Tips To Get Them QuicklyPrimary Challenges and Trends in the European Cash Management Space: The Drive Toward Cash OptimisationIt is the first bank-owned solution of its kind. "This is an innovative game-changer in electronic payments," said Mike Kennedy, EVP and Head of Payments Strategy at Wells Fargo. "We want our customers to be able to easily send money to anyone without having to establish a new account outside their primary bank. All our customers need to know is the email address or mobile number of a friend or family member and we will take care of the rest utilizing clearXchange." Bank of America's John Feldman will serve as general manager of clearXchange, which is headquartered in Charlotte. "Our goal is to provide convenient and safe financial services options for our customers," said David Owen, eCommerce, Claims and Fraud Executive at Bank of America. "By creating a utility like clearXchange, we are able to meet the needs of our customers and differentiate our capabilities from other offerings in the marketplace." Email addresses or mobile numbers will be used instead of routing and checking account numbers. The banks didn't indicate how payments will be initiated, whether through online banking or through mobile banking services as well. "clearXchange will allow us to make our popular person to person payments service even better," said Jack Stephenson, Director of Mobile, eCommerce and Payments at JPMorgan Chase. "Chase customers will be able to send and receive money even more quickly and easily — with full confidence their funds are in a bank account without worrying about cash, checks or higher-cost services." http://www.banktech.com/payments-cards/229625564 P2P Payments Will Fail Without Changes 2010 July 20 P2P payment networks must connect There’s a lot of momentum behind Person-to-Person (P2P) payments in the U.S. JP Morgan Chase is the most recent, but PayPal, Fiserv, CashEdge, Obopay, and others are signing banks and trying to get consumers to enroll and use the service. The networks must interconnect if banks want the new payment revenue. P2P promises the ability to pay anyone electronically essentially as a check or cash replacement. Mobile is the ideal platform for P2P since we’re usually not at our desk when we need to pay someone. With P2P, users can send (or request) money to others using just an email address or mobile phone number. P2P also offers a strong ROI for institutions. Handling cash and checks is expensive. Theft and fraud are real costs of doing business when dealing with cash and checks. Yet banks can’t charge for cash and checks. P2P can reduce the number of cash and check transactions while generating new revenue from expedited payments. Current P2P offerings generally allow free transfers for 3-5 day clearing, offering an opportunity for banks to generate float revenue. Users can choose expedited (next day) clearing for a fee. Banks make more money in both cases because the transaction is making new money while costing less. That’s a good business model. It’s certainly better than free checking. The problem is that P2P offerings aren’t connected. There’s no way for a Fiserv customer to pay a PayPal customer. They system is missing what Jim Kittridge at Wachovia a few years ago called “The Big Directory in the Sky.” P2P payments simply will not go mainstream if users must belong to multiple networks. People already forget their online banking password. They’re not going to memorize credentials to multiple systems. They’re probably not going to remember what network they use. They’ll either identify their financial institution or PayPal. They won’t know it’s a CashEdge or Fiserv network. How many consumers know what debit card network their cards use? The system needs The Big Directory in the Sky. P2P needs a standard mechanism to see if an email address or phone number is registered on any of the networks then route the payment to that system. Yes, there’s a ton of complexity and coordination to work out but it’s possible. Americans should look north to Canada. Canada has had P2P payments for years through the industry consortium Interac. Canada’s system isn’t perfect and Canadian bankers would likely agree a few tweaks are needed. However, it’s a suitable model for us to study as we figure out our own system. The American market is bigger and more complex. However, there’s also an opportunity for more revenue given economies of scale. P2P networks must interconnect or they will fail. This sounds like a task for NACHA. http://blog.mobilestrategypartners.com/2010/07/20/p2p-payments-will-fail-without-changes/

That is because a person can only be wrong so many times before you become a joke! Like the little boy who cried wolf!

He is a communist loser, and has no grip on reality !!

http://www.channelnewsasia.com/stories/afp_world_business/view/1130827/1/.html France says China backs Lagarde for IMF chief Posted: 24 May 2011 1500 hrs PARIS: China favours France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, the spokesman for the French government, Francois Baroin, said on Tuesday. "The Chinese are favorable to the candidacy of Christine Lagarde," Baroin, who is also France's budget minister, told Europe 1 radio. Germany, Britain and other European powers have backed Lagarde to take over as managing director of the global lender after her countryman Dominique Strauss-Kahn stepped down following his arrest on sexual assault charges. "What is being drawn up is a European consensus," Baroin said. "But you will easily understand, given the circumstances of the IMF director's resignation, and given that it is not a point of national pride, that it is not for France to take a position first." Lagarde is widely tipped as the favourite but has not said whether she will run. - AFP/cc

May 24, 2011 Currency values vital decisions for fund managers Singapore, Asia's growing inflation and tight monetary policies that go with it are changing the way fund managers make their investment decisions. Interest rates, which are a key factor for investments, now take a backseat to make way for currency values as their primary consideration. And with that, fund managers are investing in assets denominated in currencies that are expected to rally this year. As interest rates rise, bond prices go down, and that is a disincentive to bond investors. But instead of flocking to regions with low interest rates, investors continue to find a gold mine in Asian credit markets. Manulife Asset Management said the opportunity lies in further appreciation of the Indonesian rupiah, the Korean won and Chinese renminbi. The asset management arm of Canadian-based Manulife Financial has launched an Asian bond fund to ride on these currencies' strength. Manulife Asset Management managing director for fixed income Endre Pedersen said: "Inflation is going to continue to be on peoples' minds and you'll see central banks continue to increase interest rates. "We don't think we're going to make much money from interest per se, so what we're doing and looking for is the way to make sure that we're investing in those that are less rate-sensitive. "Currencies is obviously one way to generate returns". The strategy works such that when institutional investors lend money to companies or invest in sovereign bonds, the currency by which the asset is denominated becomes a primary consideration. A bond fund with an optimistic view on the Indonesian rupiah for instance, could buy bonds denominated in that currency. As investors switch back again to their base currency - US dollar for instance - they will benefit not only from the returns from owning that rupiah bond but also from the exchange rate differentials. Experts said Asian central banks are more likely to let their currencies appreciate to fight imported inflation from soaring global oil and commodity prices. Manulife said it expects the yuan to strengthen by at least five per cent versus the US dollar by year end. The Chinese currency has rallied by 1.3 per cent since the start of this year. The fund manager is betting on a five per cent appreciation in the Indonesian rupiah and for the Korean won to trade below 1,000 to the US dollar by year end. Fundsupermart general manager Wong Sui Jau said: "Especially for Asia, we're seeing a hike in interest rates rather than a fall. "So there are not much returns to be made from there as well. Ultimately, what happens is that currency is the only remaining driver which will actually bring you returns. "This is coupled by the fact (that) last year's currency made a huge difference in terms of returns. "So if you're a bond fund manager who picked the country and bonds with the right currency exposure, you'll make a huge difference as opposed to if you didn't care about currencies at all, or if you picked the wrong currencies". Manulife estimates that between 1997 and 2010, the return on Asian bonds was eight per cent a year, outperforming global indices. http://www.channelnewsasia.com/stories/economicnews/view/1130937/1/.html

You could fly to Iraq, but I am going to a local bank… Read this

It means people like to tell stories!

Keep the faith we are almost there people just hang in there! Hope this cheers you up like it did me… http://www.youtube.com/watch?v=p9y4iXAso4I&feature=related

LMAO! How can we compare apples to oranges? They are like day, and night….