Adam Montana

Well said, + reps for that post! This is the type of conversation I'd love to see more of in the Wall Street forum here. Regarding GM - I had no desire to purchase it so I didn't even check the price or availablility. I think everything that happened with the company was a train wreck and everything we and they and them did to fix/mend/patch it was absolutely pathetic. Regarding BP - I agree that it's going to go down before it goes up, which is why I'm buying it weekly instead of one lump purchase (dollar cost averaging simply because I don't know where the bottom is). Even though they are in for a rough road, I don't see them going bankrupt - so my stock purchases are a long term buy, not a short term buy. It comes down to one simple question: will the company file for bankruptcy? I don't think they will, and that's where I take my position.

Around $60 I believe. It's hovering at less than half that lately. When the hole is plugged and people start buying it again, the price is going to go back up pretty quickly I think. People are scared that BP could file bankruptcy, and honestly - it's not out of the question. I just don't think it's going to happen. Again, I haven't spent a ton of time analyzing it - I'm just giving my personal opinion. Feel free to thank me later or not, however it turns out.

The question is "Will they plug the hole?" If "yes", then eventually BP will start going back up... I'm buying some every week. BP has always been a strong company with amazing profits and this is a horrible tragedy - but I don't think it will kill the company. GM, on the other hand... .75 might be a "bargain", but I don't have the faith in the company that I do in BP. Just my opinion, of course. Good luck!

Linked from my blog. Thanks Ron!

linked from the blog, thanks!

linked from the blog, thanks for the post!

Kind of hard for me to link back to my email account for you guys, but like Sonny said - sorry about the confusion. The points made are still very valid and current, even though it's an older article. thanks for noticing

Hat tip to Sonny, this might already be posted but I didn't see it right away. Iraqi central bank governor interviewed on monetary situation Asked to discuss the global economic crisis and whether it has been contained, Al-Shibibi says this crisis is enormous and "will result in a relatively large recession in both advanced and developing countries." He explains that the crisis originated in the United States as a result of the real estate mortgage problem caused by easy-term loans to encourage individuals to buy real estate, and who later were unable to settle these loans. He adds that because these loans were guaranteed by insurance companies, these companies were obliged to repay the loans to the banks and, thus, some of them became bankrupt along with some investment banks. Concerning the rescue efforts, Al-Shibibi says: "The 700 billion US dollar issue is actually the beginning, because the pumping of this cash into this sector has yet to prove that it was a successful measure." He adds that "the other solution that should have been followed is moving to the real economic sectors; that is, all these sums of money should have been used to finance real issues," explaining that the bailout helped settle certain marginal issues only. Asked whether the Iraqi economy will be affected by the global economic crisis and how great this effect will be compared to advanced and developing countries, Al-Shibibi says the effect of this crisis differs from one country to another, noting that Iraq's concern is over the drop in the demand for oil. He adds: "The sharp drop in the demand for oil has greatly impacted the revenue of these countries, but on the other hand and since oil is evaluated by the US dollar, a partial compensation has materialized," explaining that the net effect is less than what was estimated. Asked about the relations between the Central Bank and the Iraqi government, Al-Shibibi says: "Although the Central Bank is part of the state's system and works alongside the government, it has its own independent policies," explaining that some of these policies cut across the government's course of action, but at the same time "they stabilize the exchange rate, increase reserves, and contribute to other matters that benefit Iraq and the Iraqi society in general." He also explains that the Central Bank is actually a bank for reserves, which controls foreign and local bank reserves, adding that by maintaining the stability of currency, the Central Bank helps the government "to plan its expenditures securely." Rahim notes that some accuse the Central Bank of adopting strict policies in order to control inflation, and others justify these policies saying that these policies are dictated by the IMF, and he asks Al-Shibibi to comment. Al-Shibibi says this matter should not be exaggerated, noting that the Iraqi Government, not the Central Bank, has an agreement with the IMF,and the Central Bank implements the government's monetary policies. He adds that the IMF sets terms in every agreement it signs with every country, and "while negotiating with the IMF, we try to make these terms as easy as possible. At the same time, we try to impose certain matters on the IMF," explaining that these negotiations aim at reducing 80 per cent of Iraqi debts. He adds that when Iraqi debts are reduced by this percentage, the budget costs will decrease and the speculations concerning its implementation become more certain. He says: "The 80 per cent reduction in debts, which we were able to obtain from the Paris Club, is the highest percentage ever given to a middle-income country in the entire world." Asked to explain in return for what, he says in return for policies that Iraq should implement. Rahim also notes that the IMF asked the government to raise the price of oil derivatives and to postpone payment of the difference in salaries that was due following the recent salary increase, and he asks Al-Shibibi to explain the Central Bank's position on this. Al-Shibibi says "the IMF policies were in line with the objective to curb inflation," explaining that their outcome was for the benefit of Iraq, particularly in strengthening the purchasing power of the Iraqi dinar, which should remain under control at all times. He adds that "the Central Bank's general monetary policy is not a long-range policy; rather, it is revised every six or three months in order to monitor where things are heading." Rahim says that what is happening in Iraq today is that local banks are collecting Iraqi dinars from the market and depositing them with the Central Bank in return for a certain interest; thus, making profits at the Central Bank's expense, while they should be lending money to companies and individuals to invest in various sectors. Al-Shibibi confirms that this is the case, explaining that the Central Bank's main objective is to maintain the stability of the currency. Asked whether the studies on inflation prepared by the Central Bank conform to the studies prepared by the Iraqi Central Apparatus for Exemption, because some believe that there is a disparity between the two, Al-Shibibi says: "The brothers in this apparatus and the Planning Ministry provide us with data on inflation; we then make our calculations to find out the rate of the core inflation on which we build our monetary policies, which aim at maintaining monitory stability," adding: "We take this data, but we design the policy." He explains that while preparing these studies, the Central Bank takes into consideration the outcome of the budget's expenditures in terms of the production attained from such expenditures. Asked to explain whether recent salary increases approved for civil servants have caused an increase in the cost of living or inflation, Al-Shibibi says inflation should be treated by further spending from the budget," explaining that "inflation is actually a real fact, rather than a monetary issue," which means that it is caused by certain sectors that fall under the authority of the Planning and Finance Ministries. He adds that the Central Bank can only interfere when production results from budget expenditures. Asked in what way the Central Bank will interfere, Al-Shibibi says "it can interfere in the monitory policy, such as raising interest rates, holding back liquidity, or raising exchange rates. It is a firm policy in order to handle the current situation." Rahim notes that the Central Bank has reduced the interest rate to 15 per cent. Al-Shibibi confirms that it has done so, because things have improved. Asked whether this reduction took place as a result of the global economic crisis, Al-Shibibi says it is more related to the efficiency in implementing the budget by the Finance and Planning Ministries as well as the various concerned sectors. He explains that the Central Bank is against adopting strict policies, but is currently doing so until expenditures become more productive. Asked whether the removal of three digits from the Iraqi currency is a step aimed at curbing inflation, Al-Shibibi says this issue has nothing to do with inflation, but the concerned parties are taking this issue into great consideration and giving it precedence over other issues, such as the implementation of certain monetary policies and reserve investments. He adds: "We monitor the value of the Iraqi dinar vis-A -vis the US dollar, which is relatively stronger than the dinar," noting that the digits issue is currently under serious review. Asked whether there is a timeframe for making a decision on this issue, he denies that there is, explaining that this depends on the circumstances and the exchange rate policies. Rahim notes that the Central Bank has fixed the exchange rate for the US dollar and that it is the only party that controls any increase or decrease in this rate, and he asks Al-Shibibi to confirm this. Al-Shibibi confirms that this is true, "because managing the exchange rate mainly helps in curbing inflation. The system by which we determine the exchange rate is called 'managed float system,' which means that the price of the dinar is kept floating but is closely monitored so that it can be managed whenever a tangible change occurs." He adds that this floating system is linked to the supply and demand for the US dollar, explaining that the Central Bank is obliged to guarantee 100 per cent of the demands by Iraqi banks for the US dollar; otherwise, they might buy it from other local sources at a cheaper price, resulting in the presence of more than one price, which is against the bank's current policy. Asked whether the Central Bank has sufficient amounts of foreign currency to meet the market's demand, Al-Shibibi says that the bank is obliged to meet the demand in full, adding: "We believe that our reserves are sufficient to meet such demand." He explains that any request for foreign currencies that takes place in the currency auction is reviewed carefully before it is approved, requiring the Central Bank to always make foreign currencies available. He notes that the Central Bank receives requests for foreign currency in amounts ranging from 150 to 200 millions daily, [currency not specified], which means that it should be able to meet this demand. He explains that exchange rate fluctuation is more dangerous than any drop in the exchange rate.

Actually, you're the only one blasting people here. (Don't take this the wrong way, I'm just pointing something out that you might not realize.) If you look at your statement, you'll see that all you did was post a negative comment. There's not one fact or even reason to back up your statement! I'd like to see more facts and actual reasons coming from people like you. "Too many other things" is general and doesn't do anything except back up your negative comment... how do you expect people to react? Let's see some facts, and then I'll be the first in line to give you +reps - even if your opinion is different than mine! The 26th could come and go, nobody here has a crystal ball. I'm not making any guarantees, and neither is anyone else - so there's no reason to get negative with people who are doing exactly what you are: giving an opinion. We're all doing our best to make an educated and informed guess. Thanks for your feedback.

If you already knew about the inflation article, the post on the blog about no lop, and you already knew I wanted to wish you a happy Memorial Day - then you can turn your computer off and go enjoy the holiday. (Try not to ruin everyone else's forum experience just because you already know everything. Thanks.)

Putting your money in an offshore or foreign bank account is not illegal. End of story.

There will indeed! Before I can talk about it further, I have to finish getting a Registered Investment Advisor certification. Be patient with me, I have news and a LOT of stuff I'm dying to share! I expect no more than 2 weeks until I'm an unleashed tornado of information you can absorb.

this member should have got some help here, not been directed to other sites. We have a discussion board, not a link directory. Don't link to other sites - discuss the topics. Thanks!

And if that fails, they'll always find even more ways into scaring people so they pay more than they have to.

I always send to my IQD account. I don't want it in US Currency! I want it in IQD Then send an email to Mr Issa and say "Please put the minimum in USD, but keep the rest in IQD".

Warkaa Investment Bank FAQ Does Warka have a website? http://www.warkainvestmentbank.com/index.htm Who do I Contact For Info Regarding? opening account c.accounts@warkainvestmentbank.com wire transfers (DO NOT WESTERN UNION) mt@warkainvestmentbank.com Iraq Stock Exchange isx@warkainvestmentbank.com banking customer services c.services@warkainvestmentbank.com credit cards cc@warkainvestmentbank.com general information info@warkainvestmentbank.com Link for more contacts What is their telephone number? Telephone Numbers 7172828 7178444 7174970 7170271 Fax Number 7179555 From the US you must first dial 011-964-1 then the bank number 011- international access 964 - country code for Iraq 1- city code for Baghdad (ie. 011-964-1-7170271)

Thanks EmilyJJJ, I'm not an unemployed deadbeat with skeletons in my closet - I don't need to sell dinar or any other scam to make ends meet, I'm pretty good even without an RV. I don't need to pump a "wealth management" website to collect personal information... eh, I'm not going there. This investment is a lot more to me than the money I'm going to make on it... it's about watching a country emerge from the depths of one of the worst situations the world has ever seen, and becoming a success story that will be talked about for centuries. I truly believe that this will be one for the history books, and those that knock it will be KICKING themselves in the butt!

You're paid till June. And so are you. I'm not sure what the problem is here. Do you two know where to find VIP?

Exactly.

1. DD was promoting scammers and their "offers" (read: scams) 2. DD got cut out of the loop, by his own admission on his website. (If you can't find it, it's because he deleted it - he does that REGULARLY.*) 3. Now DD wants your personal information. What do YOU think his intentions are? *You will notice that when you post on this site, you have 5 minutes to edit your post, and then you are held forever accountable for the things you say. Want to know why certain people don't post here anymore? Because I refuse to allow them to come, stir up rumors, and then delete their own posts later so they can claim innocence. Look at wayback.org - you'll see that I've always left every single one of my posts on my blog, good bad or otherwise. this is because I believe in INTEGRITY. Some people out there do not feel the same way and have no problem going back on their words and on their posts. Anyway, I'm done in this thread - I've said all I need to say, you've had your warning.

I hate to post negative stuff, but this had to be said. I'm fully prepared to accept whatever he might dish out in retaliation, but this is fact: FACT: I don't make a secret out of the fact that I make a few dollars on this site. FACT: I've honored every promise I've made. FACT: Nobody has EVER "forced" me to do anything against my will here. FACT: I write my OWN analysis's of the situation in Iraq - I don't try to make profit on other people's work. FACT: I remain true to my values no matter what kind of offers are made to me by dealers, advertisers, or other agencies. I'm a person of integrity, and that integrity has never been compromised. I realize I'm opening a can of worms by exposing my personal opinions on these characters, but it's something that needs to be said. There are honest sources of information out there, we all know DV isn't the "only" site for Iraqi information... but some people simply shouldn't have your trust, no matter how much "information" they seem to have. I'm done, I have actual news to bring to the table shortly. to all the GOOD people on this board.

I'm moving this to the main forum and making a statement. People need to understand that this guy has shown himself to be nothing but an opportunist on many occasions, and he is NOT to be trusted. His whole website is based on plagiarism - he steals content from other sites and uses it for his own gain. In the past, he promoted my book - a very valuable and informative piece of literature. He saw that people were buying it and made his own book, which is garbage. Then he turned his site into a complete pay site, assuming people would flock to his doors for stolen content and pay him for it. When I served him with a DMCA Cease & Desist notice for using my chats and my name to promote his business, he stopped the pay site model and apologized... he also stated that it wasn't entirely his choice, and he was coerced by his business partners. He took donations for his website, and then apologized for charging people - but didn't return any of the money. Then he teamed up with E G and TK (The Three Scam Artist Musketeers) and promoted their shady trust sales pitch, which resulted in a bunch of people being scammed out of hard earned cash. When they cut him out of the picture, he started asking people for personal information. Now he's INSISTING that people give him their personal information. And WHY? After seeing his past actions, what do you really think his future intentions are? Does ANYONE believe they can trust this plagiarist thief? He's out for ONE thing - to make a buck at any expense. His "hard work" consists of stealing content from other sites. People, friends, members of DV - don't trust these people. They have proven over and over that they are not people of integrity, commitment, or honesty.

Amen There's a big difference between a legal write off, intelligent structuring, and plain stupidity. Thinking you can simply stick the money in your US Bank account, buy nice stuff, and not pay taxes falls under the "Stupid" category.

This is also why we don't allow links to sites selling Dinar or Services unless they have been approved by the Team here.

My wife is a CPA as well. I asked her one time "What about the theory that the IRS isn't even a legal entity?" She looked at me like I was an idiot and said "I don't know, why don't you go ask so-and-so why they're sitting in jail or had all of their assets seized and then we'll continue the conversation."