lgraham

Reinman, thank you for your excellent observations. Curious, how do those same set of comparisons work when comparing, Jordan, Quatar, or the UAE? All the best, Lgraham

Thanks for the quote, but you are taking me completely out of context. I am more the contrarian than most. Almost everyone over there believes that Stevel and Ray have contacts that provide some inside info or conformation. I do not. Steve has people believing that right after the GOI is formed, the budget will be passed and the RV will be activated. All within days. Of course he doesn't give exact dates anymore because he has been wrong so many times. He just implies things now by using the words, soon, very soon, extremely close, finish line and so forth. As for myself, I am hopeful that this GOI does get formed, the HCL, the budget, article 140, the tariff law and other free market laws are passed and activated. After that, I would look for article 8 IMF agreement. I remain hopeful that all this could occur by January 1. I view this as a realistic opportunity to launch this massive reset for an entire country. Thanks Ron for your post All the best, Lgraham

It's great to be the king!

If they will give me one dollar for every one dinar I have, I will send all of mine back to them and save them the cost of reprinting the currency. Lgraham

I found this article over at Going Global. Big thanks to Sager as well! Sure hope there is some substance to this! All the best, Lgraham FRIDAY, MARCH 23, 2012 Great News ~ The National Meeting will be Held Next Week ~ Maliki says To Complete All Issues ASAP ... 03/24/2012 Maliki: the national meeting next week BAGHDAD - Al Sabah Called on Prime Minister Nuri al-Maliki to hold a national meeting next week, as announced the resolution of all files of Iraq's relationship with Arab countries and the United Nations. Called al-Maliki during his meeting yesterday with the Preparatory Committee for the meeting of the National completing its work as soon as possible, saying in a statement received "morning," a copy of it, the urgent need to review all issues and matters relating to the building of the Iraqi state after the withdrawal of U.S. forces. Comes to schedule the national meeting to cut off any doubt of holding this important meeting after several meetings of the Preparatory Committee. On the other hand, Prime Minister during his meeting with a number of notables and elders the families of the province of Baghdad, said that "Iraq is witnessing these days sophisticated in its relations with the countries of the world, especially Arab ones, and was able to settle all outstanding files, both with the United Nations or the Arab countries." source

Thanks for the real life story RVDinar4MyFamily......Coming from you a fellow pool guy of over 20 years......I know that this really happened to you....All your posts make this story have total credibility All the best my friend, Lgraham

Automag.....I sure have missed your commentary around here.....Thanks for a terrific post (+) All the best my friend, Lgraham

Let me see if I have this right.....A guy comes to the DV forum after being a member for less than 3 weeks. Most of his 17 posts are attacking or challenging the credibility of the best researcher in all of the dinar world. Then, the owner of this site adds credibility to the attacker of 3 weeks and asks Scooter to explain himself based upon the fact that Scooter appeared on the same radio show as Rudy.......I guess Scooter or anyone else should be doing backround checks on anyone that they might be a guest with.........If I do a radio interview with the president of the United States, do I need to let everyone in this country know that the president has associated with known terrorists and convicted felons of real estate fraud? I just don't get it.......Scooter, you are a class act and maybe we just don't deserve someone with your integrity and generosity. All the best to you Scooter, where ever you may go Lgraham

Phoenix.....Here is another question for Scooter......What advantages can there be to actually keep the rate where it is? They already have a budget, They already have hundreds of billions in signed reconstruction contracts. So, can they benefit in some way by keeping the rate this low and start doing business with the rest of the world.....Kind of like China, Korea or Vietnam. Lgraham

Thanks Phoenix, enjoy your radio program! Ask Scooter if he believes the Presidential executive order extension that was signed on May 17th will give the Iraqi funds that are currently held in the D.F.I accounts, adequate protection from all international leins or judgements once the UN protections expire on June 30 All the best, Lgraham

Sometimes it is nice to reflect back on important comments from people like Shabibi. He said this in Cairo at the Arab banking conference in 2008. Rest assured that this is still on track. Personally, I believe that Dr. Shabibi is pursuing his plan. These delays ( if they even are delays) are for the purpose to complete this plan. Dr. Shabibi did not come out from a comfortable retirement for no reason. When he pulls this off, the world will recognize him as a brilliant man. He is not the type of man that will let petty politicians exploit his people. This will happen in his timing....Then he can retire to a history that will establish Shabibi as the man that brought Iraq back to glory. The old link for this no longer works, otherwise I would include it. Rest assured, this is his plan! I am not going to debate with anyone here that wishes to say that he wants to LOP then RV to accomplish this. If you really think that is his plan then go right ahead. My point is not to persuade any lopsters to change their mind. This is simply a great reminder of just how this entire IQD will RV at the old rate got started in the first place. So, let's forgive all the gurus for a moment and realize that it was Shabibi that started all of it! All the best, Lgraham The stability of the exchange rate of the dinar against the dollar CAIRO - Muhammad Khalifa Dr. Sinan Alshabibi Governor of the Central Bank exchange rate stability of the Iraqi dinar against the dollar, and that the bank encourages citizens to buy dinar and handling and keeping it Where currencies began his confidence day by day and became keen on the conduct of the dollar and the dinar rather buy it as it saw Amian revealed dinar return to power, which led to the elimination of inflation, which we suffer from in the past. He said Alshabibi told the (morning) during his participation in the Arab banking conference in 2008, held in Cairo under the slogan (the role of banks in financing investment projects in Arabic) sponsored by the Arab League, we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavouring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars.And encourage the private sector in the transfer of capital between countries reported: that opportunities are open to all and free to move money to any country that wants alluding shortage of regulatory issues in this area because we are still suffering from a routine killer in most government departments, explaining that there Many banks have formed a civil relations with a wide Arab and international banks and well and bode well Annci and we were in isolation from the world banking over 30 years but at the same time we are moving very fast pace. For his part, Associate Director of the Rafidain Bank Mohsen Abdel Hassan told (morning), which participated in the conference representatives from the banking Rafidain Bank came to participate in order to continue the banking interface between Iraq and Arab countries and return to the Arab ranks banking indicating that the participation of Iraqi banks in these conferences Arab and meetings are very positive because it is through the identification of the latest developments at the Arab Banking addition to agreements with various banks participating Conference. He added that the Rafidain Bank has eight branches in the Arab countries two in Jordan and the other in Lebanon and Syria and Abu Dhabi, Cairo and Yemen, we have an ambitious plan to increase the number of bank branches to reach all the Arab countries, and provides services to these branches Iraqi community in the transfer of funds and other banking transactions addition to pay retirees of Iraqis who live in these countries. He connected at the level of board chairman of the Union of Arab Banks Adnan Hamad Youssef told (morning): We have established strong relations with Iraqi banks as we work together to invest funds in the reconstruction of Iraq and through our union together, pointing out that we approached the Iraqi bank now to send a number of working in the Iraqi banks for training and rehabilitation in the Union and at the hands of expert professional bankers pointed out that we in the European aspire to attract bankers Iraqis through their support at all levels within and outside Iraq, explaining that the Federation began an ambitious plan establishment of several bank branches belonging Arab tent Union in Iraq After improvement of security. .

Thanks RVDinar4myfamily for this terrific post from Scooter (+)............Scooter you are awesome my friend! I just submitted your name to the IMF for the recently vacant position at the top! Perfect for you! All the best, Lgraham

Woody.......You really do deserve all this appreciation and thanks from all of us. Personally, i have probably given you the least thanks but you deserve the most.......How have you managed to keep your sanity with all the crazy characters that have come and many have gone from this site? DV leads the way and you my friend have been a steady and reliable soul. Thanks for keeping us from feeding on ourselves! All my best to you Woody, Lgraham

And....where did you come up with that Iraq owes the U.N. 100 billion?

Thank you BondLady. Happy to see you here at Dinarvets. I think that you will enjoy the conversations......We will talk withnyou soon All my best, Lgraham

Thanks Gizmo....Always nice to see Scooter do a drive-by! Lgraham

[size="3"] Darin.....Great post and terrific research on your part. Afterall, the primary concern for all of us is ultimately, how IQD is in circulation. Also, how can they honor all of it if in fact it is 24 to 27 trillion? I do not believe that there is nothing that they can do to increase the value significantly like Keepm' or Froto or Ore and many others. I will maintain that they can and will RV to just over a dollar. I consider your points to be the most relevant and we need to be able to answer, how can this be even possible. I am going to make a couple of posts here that come from Enoch8. He does a great job of addressing the questions that you ask Darin. Quad....I appreciate your thoughts and input as well. Please read the thoughtsbelow from Enoch8, as they are the most comprehensive of any that I have read to date. All the best, Lgraham[/size] Just what we have been talkin' about, as to what could not happen under Article XIV IMF, listed in the Exclusions of 'Non Liquid Assets' in Addendum ii of the Stand BY Agreements from Sept 18 2010 and the SBA March 3, 2011. This move should satisfy the remaining requirements of IMF Article XIV, and put them right on track to transition into Article VIII, which will change that. There is not just oil, on that list of 'Exclusions' from the Reserves, that the value of the money is based on, either. See : Iraq: Second Review Under the Stand-By Arrangement, Requests for Waiver of Applicability, Extension of the Arrangement, and Rephasing of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iraq. http://www.imf.org/external/pubs/cat/longres.aspx?sk=24727.0 Once you load the pdf.... then look at page 43.... ATTACHMENT III. IRAQ: TECHNICAL MEMORANDUM OF UNDERSTANDING March 3, 2011 Then scroll to "Definitions" and look for "Net International Reserves" (Item 7.) 7. Net international reserves (NIR) are defined as gross usable reserves minus reserverelated liabilities of the CBI. Gross usable reserves of the CBI are claims of the CBI on nonresidents that are controlled by the CBI, denominated in foreign convertible currencies, and are immediately and unconditionally available to the CBI for meeting balance of payments needs or for intervention in foreign exchange markets, and are not earmarked by the CBI for meeting specific payments. They include CBI holdings of monetary gold, SDRs, Iraq’s reserve position in the IMF, foreign currency cash, and deposits abroad, except for the resources of the DFI but including the CBI DFI sub-account. Excluded from reserve assets are any assets that are pledged, collateralized, or otherwise encumbered; claims on residents; precious metals other than monetary gold; assets in non-convertible currencies; illiquid assets; and claims on foreign exchange arising from derivatives in foreign currencies vis-à-vis domestic currency (such as futures, forwards, swaps, and options). Reserve-related liabilities shall be defined as foreign currency denominated liabilities of the CBI to non-residents with original maturity of one year or less, and all liabilities to the Fund, but excluding the liabilities represented by SDR allocations. They include: foreign currency reserves of commercial banks held at the CBI; commitments to sell foreign currency arising from derivatives (such as futures, forwards, swaps, and options); and all arrears on principal or interest payments to commercial banks, suppliers, or official export credit agencies. As of December 31, 2009, (net) international reserves amounted to US$44.34 billion, all comprising of reserve assets. The program floors on the net international reserves of the CBI are reported in Table 1. Note.... that the Reserves amount is already outdated..... as it is now about $52 Billion based on recent increases, once in Dec. to $50 Billion, and again, in April, by and additional $2 Billion. Also.... you may want to research further, and you will find, that these 'Exclusions' listed above, are part of IMF Article XIV provisions and once they go to Article VIII compliance, (As is required by the IMF and also required by the WTO for final accession, consistent with the 1994 GATT Treaty), Those 'Exclusions' go away and those listed as 'Non Liquid Assets' are then 'Monetized' into 'Liquidity' and become part of the 'Basis' of the Real Equitable Exchange Rate (REER) and the 'Program Rate' (Nominal), becomes non existent. Just how much are those 'Non Liquid Assets' worth? $$$ Trillions???? >>Hey.... I heard Donald Trump today on Michael Savage, speaking about Iraq. >>>He said, "The 'Proven' oil reserves alone, are worth about $15 Trillion Dollars." ~Donald Trump April 12, 2011 on Michael Savage National Broadcast. Now.... that only accounts for the 150 Billion Barrels of 'Proven Reserves' and does not include other non liquid assets, like the other 350 Billion Barrels under the sand, natural gas, non mint precious metals, futures, etc. etc. etc. I do not know, how long it really takes to remove all the Dinar from the market.... but it is irrelevant. What they remove, will be digitized and they can easily cover $30 Trillion IQD, projected in that same report, to be in circulation in form of Currency, Foreign Reserves and Digital, by 2012. The point I am making here, is this..... even IF they have $30 Trillion still in circulation.... they can easily value at a Dollar or more.... so the question IS NOT how fast can they remove large bills from circulation, but it is "How quickly can they monetize those assets and for how much?" by Enoch8 on Tue Apr 12, 2011 9:28 pm Darin....You started this thread by asking the question, is the IQD undervalued? Well, here is some more great research done by Enoch8 that addresses that question. Lgraham On the other hand, the hard peg and inflexible exchange rate policy, also puts the same pressure on the IQD as the Dollar, which is suffering world wide inflation. The peg, literally drags the IQD down with the rest of the world, unless CBI adjusts it from time to time, like they did in 2008. Ministry of Planning models show a different story. What the stats from the Feasibility study, the most recent 2 years, 2009 and 2010 figures and projections of the 5 year plan, 2011 - 2014 shows, is that IQD would have to be 5450% higher in REER Value, to match the PPP and buying power of the Basis Year, 1988. Those projections also show about 6,180% for the projections for the current year, 2011. This means, in a nut shell, that world inflation of about 6 times, has taken place, during that time frame..... indicating, that even the Nominal Exchange Rate (Art XIV Program Rate), is 6 times undervalued. Stats from the IMF PIN 10/34 show, the Nominal Rate is 4 times undervalued to the Real Exchange Rate, as of EOY 2009. Watch this..... 1988 - 1992 : 1 Barrel Oil = +/- $15.00; Exchange Rate: $3.22; In Circulation: 25 Billion IQD Value in USD: 25 Billion x 3.22 = $80.5 Billion US 2010 - 2011: 1 Barrel Oil = +/- $90.00; Exchange Rate $.00086; Circulation 27 Trillion IQD; Value in USD: 27 Trillion x .00086 = $23.22 Billion US MOP Feasibility and Projections show 600% World Inflation and the inflation on Oil, was roughly also 600% in that time. { I think it is fair to assume, Iraq also suffered along with the world inflation, so this would mean, Iraq needs to have a 600% increase in the currency issued, just to maintain the value and Purchace Power Parity of $3.22, in Buying Power. That means you can look at this 2 ways, which will both come out the same. 1. To hold a value of $3.22 (Assuming the demand pressures of the market do not change and the reserve requirements remain the same along with all other factors), the 25 Billion IQD in circulation in 1988 would have to be increased to 6 times that, to 150 Billion IQD, just to maintain parity of $3.22 with the US Dollar. Now we need a division factor for a basis of understanding, for a starting point. 27 Trillion divided by 150 Billion = 180. {$3.22 divided by 180 is the starting point value to arrive at the current market need, only factoring inflation, with no other market factors multiplied, yet.} $3.22 divided by 180 = $.017888 = 1 IQD (About 2 cents current value, based on current circulation.) There is another way to figure this: 2. The $80.5 Billion USD Value from 1988 - 1992 divided by the 2010-2011 Circulation value of $23.22 Billion..... = 3.4668 factor Take that 3.4668 factor and times it by the 6 x inflation factor..... = 20.80 factor {That means, the current nominal, $.00086 is 20.8 times undervalued, without factoring additional market demands or other market forces and demands, other than inflation only, leaving out supply and demand issues.} $.00086 x 20.8 = $.017888..... again, just under 2 cents. Now..... this is not saying, that would be the RV Rate, but it is saying..... Mr Shabibi..... you are either a liar, or have you completely lost your mind.... or maybe CBI is not allowed to set the policy at all??? The current Nominal Value is 20.80 times what you have it set at, $.017888 according to studies of your own country, using a basis of $150 Billion is the basis need of your people to adjust for inflation, which still does not include additional market demands, much less open border market demands which I dare say are 10 - 100 times greater, than the closed border policies of 1988 - 1992, which would put your values and Exchange Rate at more like $.17888 to about $1.79. And finally for you Quad....You were curious about the transition from Article XIV to Article VIII status with the IMF and the WTO. $$$ From IMF Country Report Regarding Article VIII: Page 39 March 31 2011 $$$ Along with that portion under Financial on in section 14. go back a page to 38, and look at Section 12. iv. (iv) after the balance sheets have been cleaned up, revalue the remaining foreign currency denominated balance sheet items. The BRU will work under the supervision of the Restructuring Oversight Committee (ROC), consisting of the Minister of Finance, the Governor of the CBI, and the Chairman of the BSA. Then look again at 14. 14. Progress has been made in moving toward accepting the obligations of Article VIII, Sections 2(a), 3, and 4, of the IMF’s Articles of Agreement. We have worked with IMF staff to complete the review of exchange laws and regulations and are considering measures to remove the identified exchange restrictions on current international transactions. Now take a look at the section on page 44 Section 7. 7. Net international reserves (NIR) are defined as gross usable reserves minus reserverelated liabilities of the CBI. Gross usable reserves of the CBI are claims of the CBI on nonresidents that are controlled by the CBI, denominated in foreign convertible currencies, and are immediately and unconditionally available to the CBI for meeting balance of payments needs or for intervention in foreign exchange markets, and are not earmarked by the CBI for meeting specific payments. They include CBI holdings of monetary gold, SDRs, Iraq’s reserve position in the IMF, foreign currency cash, and deposits abroad, except for the resources of the DFI but including the CBI DFI sub-account. Excluded from reserve assets are any assets that are pledged, collateralized, or otherwise encumbered; claims on residents; precious metals other than monetary gold; assets in non-convertible currencies; illiquid assets; and claims on foreign exchange arising from derivatives in foreign currencies vis-à-vis domestic currency (such as futures, forwards, swaps, and options). Reserve-related liabilities shall be defined as foreign currency denominated liabilities of the CBI to non-residents with original maturity of one year or less, and all liabilities to the Fund, but excluding the liabilities represented by SDR allocations. They include: foreign currency reserves of commercial banks held at the CBI; commitments to sell foreign currency arising from derivatives (such as futures, forwards, swaps, and options); and all arrears on principal or interest payments to commercial banks, suppliers, or official export credit agencies. As of December 31, 2009, (net) international reserves amounted to US$44.34 billion, all comprising of reserve assets. The program floors on the net international reserves of the CBI are reported in Table 1. Notice, that the projections tables, do not include these 'Exclusions'. Gee....... I wonder what happens with these 'Exclusions' once CBI is out of Article XIV agreements and goes to Article VIII 2a, 3, and 4 with those assets? I wonder just how much those assets are worth, once they are allowed to be monetized and used as Reserves, which support the value of the M2 ? This is exactly what we have been talking about, since the Sept. 18th SBA, referring to the Exclusions, under the Definitions section, Addendum II, which is enough value, under Article VIII, to increase the potential amounts of Foreign Assets and Reserves, and the Basis of Value to the Currency Issued, exponentially. If you noticed the M2 charts and projections, you will notice, they have NOT.... I repeat Have NOT, been removing currency from circulation, as has been suggested at some other sites. In fact they are increasing it from 27 Trillion to 31 Trillion. The good news here, is that if you understand how much those reserves are, once those 'Exclusions' are allowed to be 'Monetized' after Article VIII IMF conditions are met, CBI does NOT NEED TO remove the currency, except by attrition, from circulation, over time, AFTER the RV.

Hey FP...... It is good to see you again and welcome back. If my memory serves, you are one of the original believers in a LOP...... Well you have alot of company now. You used to have a lot of discussions with Enorrste and Gankans. Well guess what, they got the boot here and when to 3 other sites before starting their own site with a third lunatic named TerryK. But, you are correct...... Same old song and dance around here. If you would like to make some new friends around here that are big Lopsters also. Try and hook up with; keepmwlknfny, Ore or froto. They are on the same page as you are. If you are open minded to more information and to challenge what you have believed for so long, I would encourage you to read the great research performed by scooter. Don't be disappointed because he does not do dates and rates. Only studies of the IMF, UNAMI, MOP, MOF, CBI, UNSC, Ernst and Young and so many more public documents. The lobsters one trick pony argument has become that Iraq has 27 trillion in circulation and can't do anything about it except to LOP/RV at best. Then youll see that the last 58 RV's have been a straight LOP. There you have it...... You are up to speed now......would love to hear your thoughts now that the majority of the chapterVII sanctions have been removed and much of Iraq's debt has been forgiven. You might might to see or read some of the comments from the governor of the CBI Dr. Shabbi. Here is the bottom line for you our long lost friend. 1170 to 1 is a program rate. It is going to change. That is a guarantee. I believe their currency is worth quite a bit more than today. It has been pegged to the dollar. The dollar is down almost 20 percent. Iraq has been saving perhaps hundreds of billions in their DFI account. Oil is now over 110 per barrel since you were gone. Shabby was in DC 2 weeks ago to talk about removing zeros and increasing purchasing power for all Iraqi's. This has all the lobsters energized now. There you have it. You are up to speed now. Welcome back. All the best to you FP, lgraham

Zantac, Coming from you......I believe it period. Give us your guess on a rate! All the best, Lgraham

Now....raise your hand if you think that they will accomplish this with a LOP............I don't think so! All the best, Lgraham Baghdad morning وضعت الحكومة خططاً ستراتيجية تهدف الى زيادة متوسط دخل الفرد عن طريق تفعيل عدة قطاعات في مقدمتها القطاع الخاص. The Government has developed strategic plans aimed at increasing the average per capita income through the activation of several sectors in the forefront of the private sector. وتأتي هذه المعلومات في وقت طالب فيه رئيس الوزراء نوري المالكي الجهات المعنية بالاسراع في النهوض بالاقتصاد الوطني وزيادة متوسط دخل الفرد من خلال الاستثمار والانفاق الامثل لثروات البلاد. This information comes at a time in which he called Prime Minister Nuri al-Maliki, the concerned authorities to expedite the advancement of the national economy and increase the average per capita income through investment and spending, optimization of the wealth of the country. وقال المالكي في كلمته التي ألقاها امس في المؤتمر السنوي الاول للاتحاد العام للتعاون: ان "العراق ليس بلدا فقيرا، ولكن يجب الا يدار ادارة غير حكيمة ويتخلى المواطن عن اداء دوره في تحمل مسؤوليته تجاه الوطن". Maliki said in his speech yesterday at the first annual conference of the General Federation of cooperation: "Iraq is not a poor country, but it must be managed administration is wise and give the citizen the performance of its role in carrying out its responsibility towards the nation." واشار رئيس الوزراء الى ان "ادارة الثروات والخدمات يجب الا تكون مركزية فقط، وانما على الحكومات المحلية ان تشارك بها كما يشارك بها المواطن، من خلال العطاء الذي يمكن ان يقدمه في مجال الخدمة التي تحتاج الى جهود متكاملة ومثابرة ومبادرة"، داعيا الى العمل بمبدأ التعاون في جميع مجالات الحياة الاقتصادية والسياسية والأمنية والاجتماعية والتربوية. The prime minister noted that "wealth management and services should not be centralized only, but local governments should share it as part of the citizen, through a tender that can be made in the area of ​​service that need to be integrated efforts, perseverance and initiative," calling to action the principle of cooperation in all spheres of economic, political, security, social and educational. من جانبه، قال عضو اللجنة الاقتصادية في مجلس النواب عبد الحسين ريسان: ان "لدى الحكومة خططاً ستراتيجية من شأنها ان ترفع دخل الفرد ". For his part, said a member of the Economic Committee in the House of Representatives Abdul-Hussein Resan: "The government has strategic plans that will raise the per capita income." وتفيد المعلومات بشأن متوسط دخل الفرد ، بحسب احصائيات شبه رسمية بان معدل الدخل السنوي للفرد العراقي يبلغ 4 الاف دولار. According to the information on the average per capita income, according to the semi-official statistics that the average annual income of the Iraqi people is 4 thousand dollars. واضاف ريسان في تصريح لمندوب"الصباح" مهند عبد الوهاب، ان "من ضمن هذه الخطط خصخصة بعض المؤسسات وطرحها للاستثمار، وتنشيط القطاع الخاص، اضافة الى جذب الاستثمارات وانعاش التبادل التجاري وزيادة الرواتب". Resan said in a statement to the representative of the "morning" Muhannad Abdul Wahab, said, "Among these plans to privatize some institutions and put up for investment, and stimulate the private sector, in addition to attracting investment and revive the trade and increased salaries." وتابع: ان "زيادة متوسط الدخل تعتمد ايضا على الناتجين المحلي والقومي والقوة الشرائية للدولة وحجم الاحتياط النقدي والميزان التجاري". He continued: "The increase in the average income also depends on the local and national outputs and the purchasing power of the state and the size of the monetary reserves and balance of trade." http://www.google.com/translate?u=http%3A%2F%2Fwww.alsabaah.com%2F&langpair=ar

Great to see you Doc! Excellent post. All the best, Lgraham

Please let this be the date for removal of all Chapter VII sanctions: 8 Briefing (a.m.) - UNAMI Consultations (a.m.) - UNAMI Consultations (p.m.) http://www.un.org/Docs/sc/powe.pdf

Thanks Scooter for all that you do! Lgraham IITB: There has been a great deal of hyperbole on the database in that region ... some would call it a glitch , .... given your expertise in data transfer via telemitry , I would submit that , that is not only a farce , but a misnomer in every aspect of the thought , moreover , I can and will submit that the absorbtion and retraction of transfer would indicate an anomaly in the rate , as we are not speaking of perceived value , verses economic reality ..... curleyque: litb....huh LeeAnn: huaaa what did you say - giggle Scooter: Can I Read That One More Time Scooter: Lol tenmillion: LOL LeeAnn: I think I just popped a brain cell curleyque: ten, you should post litb statement on all the other sites Scooter: Still Looking For Verbs And Nouns Scooter: Need To Diagram That Sentence IITB: I , have never taken pride at my typing skills ... As I Am A keytard lol LeeAnn: read it backwards Scooter: Np Scooter: Ok Scooter: Before I Answer tenmillion: curley...i can only post on 2.....and it is a job lol curleyque: we could read it, just don't know what it said ?? Scooter: Let's Try The Question One More Time Scooter: Is curleyque: just imagined their faces in the morning when they tried to figure it out putski: ten it is an adventure lol LeeAnn: hahahaha Curley Scooter: The Question Revolve Around The Fact That The Volatile Data Streams Feeding The Middle East Scooter: Are Bogus And Used To Influence The Rate IITB: In a nutshell mate ... yes Scooter: I Concur Scooter: That Is Bogus Scooter: For Several Reasons Scooter: Most Of The Major "trunks" In The Middle East Are Very Sound From The North, South, And West Scooter: Jordan, Turkey, And How Can You Go Wrong With Kuwait Down Sout Scooter: South Scooter: With That Said -- Even If The Data Streams Were Having Uni Directional Problems Scooter: It Still Wouldn't Have An Effect Of The Rate Scooter: At Least Not For The First 90 - 120 Days Scooter: lltb Scooter: Did I Answer Your Question My Friend Scooter: I Hope So Scooter: That One Was Hard IITB: Scoot , I agree ..... However , dispesement and absobtion still weighs heavily apon this endeavor .. Scooter: Yes -- Complete Infrastructure Weigh Heavily -- Almost As Important As The Education -- They Are Weighted Evenly Scooter: "sustainability" And "capacity" Are Magical Words In The Structural Reforms Scooter: Imo IITB: Great point Scoot , odd angle , never considered that aspect ... IITB: One thing that still leads one to ponder is this , Absorption anomalys Scoot .... Scooter: Hold On IITB: On the transfer side Scooter: Please Define For Me What You Mean By Absorbtion Anomalys Scooter: i Just Want To Make Sure I Understand Scooter: Ok IITB: Put it in the world bank vaults ... and reabsorb it within 24 hours IITB: ? Scooter: Hmmmmm IITB: sure with a pip or 2 a day it made sense Scooter: Yea Scooter: Indeed Scooter: Here's What I Think About The First 90 Days Scooter: The Stochastics Will Be Off The Charts Scooter: To Forex Newbies Scooter: A Stochastic Cloud cirrus: Basics:if they are really moving from the Usd to Dinar, they can't rebuild their country with a worthless currency, imo IITB: Do it lol Scooter: Stems From Volcanic Explosions Scooter: Immense Thrust And Force Scooter: The Imf Will Have Their Hands Full In The First 90 Days Because The The Stochastic Inertia Based On World Demand All At One Time Or Limted Space Of Time Scooter: In Fact Scooter: I Think They Are Counting On It Scooter: Think About The Tactical Objectives Scooter: One -- Must Control Volatility -- Scooter: Two IITB: Cirrus agreed Scooter: Retrieve The Big Bills And Soil Them Quickly Scooter: Three Scooter: Open Electronic Accounts Asap IITB: Scoot nice curveball ... Agreed !!!! Scooter: The Only Problem I See With The Debit/smart Cards Scooter: Are The Street Vendors Scooter: They Don't Have The Processing Machines Scooter: Thanks Scooter: When This Goes Down -- They Need Those Iraqis Spending --- And Spending Fast !!! Chan: Makes sense Scooter: So Scooter: They Will Have The Credit Rolling Scooter: They Intend To Provide Loans To 1,000,000 Homes Scooter: That's Alot Of Home Loans Scooter: Cars -- Scooter: Lots Of Emphasis On Durable Goods/assets -- Preferrably The Ones With Appreciative Value IITB: They do indeed have the data to process the direct transactions Scoot .... however I see what you are saying , will they have the stucture to pull it off ? Scooter: Capt Scooter: What Did Am Say About That Scooter: Yea -- Exactly Scooter: I Mean The Transactional Processing Systems Are Brand New -- But They Are Regional Or Area Systems thecapt: that it was a good thought,but this must be done to do away with the ration and give everyone thier oil money without too much thievery Scooter: Not Private Single Transactional Systems Scooter: That The Street Folks Really Need Scooter: At Least I Haven't Read Too Much On That Onew Scooter: I'm Probably Wrong Scooter: I Hope I Am thecapt: but a point is that they can do it on thier phone thecapt: thus the cellphone contracts Scooter: Capt -- The Way They Motivate That Behaviour Is Exactly Opposite To What We Do In The Us Scooter: The Item Or Goods Become Cheaper To Purchase By Use Of The Card Scooter: Over Time -- It Quickly Becomes Standardized Scooter: Take 18 Months Of That Kind Of Motivation thecapt: then the interest rate is oppisite? Scooter: Most The Major Street Vendors Will Be Forced To Get These Single Transactional Systems Scooter: Thanks Capt IITB: Realise de dollarisation has been in the works for quite some time Scooter: For The Am Information Scooter: Indeed!!! Scooter: Very Important To Realize That One hecapt: yep,,,swipe it on the cellphone...i mean i got one their cheap Scooter: Since The Shortages Of 2006 - 2007 Scooter: They Won't Let That Disaster To Ever Occur Again IITB: Right Mate ... Lol ... see where I am heading with this Scooter: Capt Lol Scooter: Really Scooter: It's A Handheld Device Scooter: Kind Of Like A Ups Or Fedex Guy IITB: As I recall.... the pip 2 pip stopped in that timeframe Scooter: Sign Here Please As They Throw Your Packages At You Scooter: Lol IITB: Lol @ scoot thecapt: yeah its on my verison ...real easy just scan and put code in thecapt: then throw them their stuff...lol Scooter: lltb -- Hmmmm -- I Need To Get More Information And Do More Research Before Further Comment Scooter: And Yes Scooter: I Do See Where You're Going With That Scooter: Capt LOL LOL LOL Scooter: lltb -- The Feeling Is Mutual My Friend -- Always Thought Provoking My Friend!!! Scooter: Ok Scooter: I Need To Goto Bed Scooter: Good Night All -- I Hope You Have A Great Evening!

Sorry about that TimS...... I don't see it. Mods, Please remove my post. Thank you. Lgraham

This is some unusal confidence on a day that he does not normally post information on his site! Lgraham Early today Iraqi TV announced to the Iraqi citizens that they are about to introduce a new currency to them. They said there is no time limit on this but they are preparing them…….in the same manner they prepared them in Nov/Dec/Jan. That they would remove currency that had 000’s on them. When the IQD dried up in Iraq ……the citizens sensed a strong possibility that what S was telling them on Iraqi TV……..actually had potential. They did not riot to the point of destroying their country but held their ground and made their voices loud to their politicians. Our Team was assigned on Jan. 1st ……..TO ONLY FOLLOW THE LD’S AND SHABIBI WITH THE CBI. We cared less about the GOI. Because they cared less about us. This new currency will be the LD’s. But it cannot be given unless the rate changes first. Because they will serve no function at 1170. Iraqi TV said one more thing this morning of value. Parliament is not going on vacation for 10 days until the 27th. Instead……each parliament member is working inside of their own districts behind closed doors! As for the debt to KU ………we told you it’s paid. If you wish to believe articles against this ………then I respect you. But my Team knows what we know. May I suggest that any visits to KU would not be for a payment that has already been made. But instead ………the discussion of that payment. Ali told you there would be no RI/RV this week nor in two weeks. I suggested that someone should have asked him ……what’s going to happen in three weeks? We all know that the UST changed laws which affected Ali’s policies. For example …….Ali has to return all safe keeping funds to their holders or put it in a FEDERAL HOLDING FACILITY. He was instructed to do this on the 11th and ONLY given 15 days to do so. Normally …….government actions are done within 30 days. IMO……the UST is hurrying Ali to do something by a specific time period. If you add 15 days to the 11th we get the 26th. IMO……on the 27th we will hear a loud voice representing the people of Iraq via the return of ………PARLIAMENT. M has his cabinet picked. On the 1st of April the IMF’s fiscal year ……..STARTS. An LOI was sent to the IMF April of 2010. It still sits awaiting an answer. One last thing……..the dinars Ali will return will all be new IQD’s with new serial numbers. IMO…….the UST wants to know ……..EVERYTHING. When I said April 7th at 2:20am on a Thursday I was only kidding. Of course. Libya did not meet with Hillarious but she goes from ME country to ME country. We have a good feeling of why she is doing this and tell you to pay attention to her Monday meeting with the MoF at the UN. We strongly believe that behind the scenes she and Geitner are working with S and the CBI…….and the UST. The IMF’s SBA was not totally given to Iraq because they were instructed by the IMF to fix their monetary policy first. Today’s announcement on Iraqi TV about the LD’s is one giant step for Iraq one giant leap ……..for mankind. I will do a CC on Monday and give you the rest of our Team’s studies and I am announcing as of right now that we will not have a CC on Thursday……..it would be a waste of time. I will be silent until Monday…….till then please stay in constant prayer. As far as the rumors that they are cashing in the Sheiks and 100% RI/RV tomorrow ……..nope. My Christian love and Aloha. KTF, Frank