ronscarpa

Avenger, Did you read any of MY remarks at all...? I simply stated that this was written by Pacster and Posted for "comments & Discussion" - that it had some "Interesting & Eye Opening" statements. This is a RUMOR SITE and all things are posted here are for information and discussion. I'm not an economist, and i am very open to learn - as I stated. DgreenFSU66 and others have made good posts and expressed opinions and insights that have added to our understanding. WHAT DO YOU HAVE TO ADD...? I own almost 40 million IQD and am still buying more - what do you own...? I'm a believer in the IQD and Iraq as an investment, and I put my money where my mouth is. Pacster's post was a bit alarming to me - so I posted it here for comments. I hope this explains things for you, and the purpose of posting it on this site. Do you have anything positive or constructive to add to our discussion? Thanks, RON ;)

Blessings Keylime - You're right on as usual. May The Lord Bless You Abundantly as you serve Him and proclain the Truth of Hios Word. Thank You...! RON Snoop1001 - I stand with you and every Word of your Prayer - God Bless You Brother. Continue to Pray the Word over YOURSELF and the rest of US. Thank You...! RON

remarks regarding Pacster's 3/14 Post - A PERSPECTIVE...! It's worth reading. RON March 14, 2010

DgreenFSU66, Thanks - I read your post and like your logic - However, there are MANY other points he makes that really need to be addressed. I'm stunned by several of them. So, the entire post is open for DISCUSSION - best done one-by-one. I'm all eyes and ears - I want to learn...! RON

<> #9 All the countries holding dinar will put them in reserves after the RV and use them to buy oil……….. Are you kidding me? Not true….This would crumble the Iraq economy. All of their oil reserves would already be purchased. How could they sustain their own economy if they sell all their oil just to get their own currency back. Not to mention that oil is priced and payed in USD…………..Sorry, money really doesn’t grow on trees……..It is created by economic production. Currently Iraq produces 2.4 million barrels of oil a day. The US produces almost 4x that at 8.5 million barrels per day. If Iraq RV’d at 1 USD, they would have 4x more money than the US and the rest of the entire world combined….How does that work? If Iraq sold every barrel of oil they have in proven reserves of 115 billion barrels at a generous $100 per barrel. They would have $11.5 trillion dollars. That is less money than the US produces or makes per YEAR and at the current rate of production it would take them 133 years to get it out of the ground. If you still believe the IMF and World bank are going to allow Iraq to turn 46 trillion dinar into an equivalent value of $46 trillion USD then you certainly have more faith in your dinar than I do. #10 The US will put dinar in our reserves after an RV to prop up the value of the USD. For those that don’t understand currencies and reserve currencies, This will be educational… Reserve currencies are considered hard currencies or free floating currency. These are the currencies of some of the most powerful and economically productive countries……………. A reserve currency, or anchor currency, is a currency which is held in significant quantities by many governments and institutions as part of their foreign exchange reserves. It also tends to be the international pricing currency for products traded on a global market, such as oil, gold, etc. This permits the issuing country to purchase the commodities at a marginally lower rate than other nations, which must exchange their currency with each purchase and pay a transaction cost. For major currencies, this transaction cost is negligible with respect to the price of the commodity. It also permits the government issuing the currency to borrow money at a better rate, as there will always be a larger market for that currency than others. The USD,EURO,YEN,MARK,FRANC etc…. http://store.businessmonitor.com/article/302185 A currency that is pegged to another currency is…. A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate regime wherein a currency’s value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. A fixed exchange rate is usually used to stabilize the value of a currency, against the currency it is pegged to. This makes trade and investments between the two countries easier and more predictable, and is especially useful for small economies where external trade forms a large part of their GDP. It can also be used as a means to control inflation. However, as the reference value rises and falls, so does the currency pegged to it. In addition, according to the Mundell-Fleming model, with perfect capital mobility, a fixed exchange rate prevents a government from using domestic monetary policy in order to achieve macroeconomic stability BMI View: We expect the central bank to hold the dinar steady at around IQD1,170/US$ over the next five years. However, if oil exports disappoint and the large current account surpluses that we forecast do not materialise, or if inflation returns as a serious problem, the monetary authorities could be forced to abandon this de facto peg. Since early 2009, the Central Bank of Iraq (CBI) has kept the exchange rate fixed at IQD1,170/US$, and we expect it to maintain the status quo throughout the five year forecast period. We hold this view despite the fact that the CBI has not officially declared that the dinar is now pegged to the dollar. However, keeping a fixed exchange rate would bring Iraq in line with five of the six GCC oil producers (Kuwait pegs its dinar to trade-weighted basket of currencies dominated by the dollar). Arguably, a dollar peg makes even more sense for Iraq than for these other states given that oil, priced in dollars, accounts for nearly all (around 99%) of Iraq’s goods exports. http://store.businessmonitor.com/article/302185/ The CBI may not have announced that the IQD is pegged to the dollar but the IMF has done so for them… 95% of Iraq’s economy is oil production, so 95% or more of their economy is based on USD….It only makes sense that the IQD is pegged to the amount of USD they have in reserves…… Long story short……..The US is not going to put IQD in reserves to back the USD. That would be equivalent to putting more USD into our own reserves to back our own USD. That theory has some serious holes in it. If Iraq RV’d at 1 to 1, believe it or not it would send our own economy into hyper-inflation. #11 A re-denomination is a good thing for us investors it means RV………. Not! A re-denomination is a lop…so is lifting zeros or deleting zeros……… http://www.investopedia.com/terms/r/redenomination.asp #12 Iraq doesn’t have inflation…. LOL……….Prior to the gulf war they had 25 billion dinar, now they have 46 trillion. Prior to the war it took 1 dinar to buy a loaf of bread, now it takes 3000…….What would you call that? I could spend the next 3 days listing all the misleading information out there, but I don’t really want to and I believe this gives you the gist of it. I am not saying that the dinar is a scam….I do own dinar and I am not getting rid of them. However, I do believe how the dinar has been marketed has been very misleading. I believe in Capitalism and our free market. That’s what made this a great country. I do not believe in capitalizing on peoples hopes and dreams by giving them misleading information to sell a product. A lot of these posts I read for entertainment purposes only..But its much like listening to the same joke more than once. It gets old. I am just bringing this out to encourage these Gurus to find some new material…….lol. I also encourage anyone who has or can find information that proves mine wrong to step forward with it and provide a link please. I have never wanted to be so wrong in my life. I don’t share the info because I like being a negative nilly or a naysayer…..If providing real information is a bad thing then I would really like to go back to the planet I came from.lol God Bless……..

<> #4 The BIG Kuwait RV… Never happened. After Saddam invaded Kuwait the street value of the Kuwaiti dinar dropped to .10 cents. People bought them and when Saddam’s regime was removed and Kuwait banks reopened the value was still the same and the people who were fortunate enough to have bought them at the street price made a good deal of money, but nowhere close to what some claim you will make on Iraqi dinar. Kuwait then issued a new currency which they have done several times. They have also revalued the Kuwaiti dinar a couple of times but they were very small adjustments in value http://en.wikipedia.org/wiki/Kuwaiti_dinar. #5 Dinar dealers are certified agents of the Department of the treasury…… This is absolutely not true….They register with the DOT as money services businesses. Every 711 store in the country is registered the same way. The treasury does not endorse any part of their business. They are not agents of the CBI or the Treasury as some would have you believe…… http://www.irs.gov/businesses/small/article/0,,id=158384,00.html #6 The IMF is the currency police and they are going to force Iraq to RV. First of all I think we need to understand what the purpose of the IMF is. The IMF works to foster global growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty. The IMF has 186 member countries. It is a specialized agency of the United Nations but has its own charter, governing structure, and finances. Its members are represented through a quota system broadly based on their relative size in the global economy Through its economic surveillance, the IMF keeps track of the economic health of its member countries, alerting them to risks on the horizon and providing policy advice. It also lends to countries in difficulty, and provides technical assistance and training to help countries improve economic management. This work is backed by IMF research and statistics. http://www.imf.org/external/about.htm Transparency in economic policy and access to reliable data on economic and financial developments is critical for sound decision-making and for the smooth functioning of an economy. The IMF has policies in place to ensure that meaningful and timely information—both about its own role in the global economy and the economies of its member countries—is provided in real time to its global audiences. http://www.imf.org/external/np/exr/facts/trans.htm I think it is safe to conclude that the IMF is more concerned about the economic condition of its members and how that relates to their monetary policy, rather than just the value of its members currencies. Transparency is a requirement of its members. The financial stats provided by the CBI on their website mirror the financial stats that they provide to the IMF. If you take the time to read the latest letter of intent to the IMF and take a look at table 1, you will see that the numbers I have used in previous posts are correct. I obtained those numbers from the key indicators on the CBI website. Here is the link to the letter of intent. I encourage you to read it in its entirety and get a much clearer perspective of Iraq’s economy. I have seen bits and pieces of this letter on some of the forums but none have posted it in its entirety for obvious reasons. http://www.imf.org/external/np/loi/2010/irq/020810.pdf There are 46+ TRILLION dinar in the M2 of Iraq. The idea that the IMF would force them to RV is absolutely ludicrous. Iraq is an impoverished nation. The only stable way to reduce poverty is to stimulate economic growth by production of revenue. Giving Iraq an unsustainable money supply would cripple them and destroy any progress they have made to this point. This is not an opinion, it is fact. #7 Iraq has to have a recognized tradeable currency to make payments to the IMF, so they have to RV before the first payment date…..lol Not true! Iraq can make payments with any hard currency(free floating, no peg) or gold. http://www.imf.org/external/pubs/ft/aa/aa05.htm #8 Iraq will use oil reserves to back an RV. Not true. Not one currency in the world is backed by oil reserves still in the ground. It is solely based on production. Think of this……If their money was pegged to their reserves they would never pump any out of the ground. That’s like turning toothpaste into money, you would have a lot of people with really bad breath. Imagine what would happen if every country pegged their currency to their oil reserves……….lol, better learn to ride a bike again………. I would love to provide a link, but you should be able to understand why there isn’t one.

This is a very eye opening article written by Pacster and posted elsewhere. Any comments. RON * Pacster Post: 3/14/10 <> March 14, 2010

Angel & Everyone, If I'm not mistaken, Ali said he has made special arrangements with several large banks who are familiar with the Iraqi situation, and when the RV occurs you will be allowed to have your IQD exchanged, and the funds would be transferred to your account at those banks - it is to take 15-30 minutes per client, if all the forms are prepared in advance. Now, I don't know at what Corporate levels he made his arrangements with, but I would think it would require extensive negotiations, and some strong credentials and backing. So what was posted may or may not be accurate. I'm just presenting additional info posted and thoughts for consideration. I don't really know who or what to believe at this pooint. Can ANYONE clarify or confirm...??? RON

John1025 & Twestbrook, If I'm not mistaken, Iraq hasn't actually taken the loan, but are considering it an available line of credit. I believe Adam knows if it was taken based upon available data. I tried to find the repayment schedule that was previously posted (link was here) and looked at the IMF site without success. However, I remember clearly seeing that all the balances were zero, which effectively nullifies the conclusions by breitling. I would like to have the IMF press them to RV soon; however, I believe they (Iraq) have a number in mind and are holding out to RV there (and I suspect it is higher than the IMF number). If they actually didn't take the loan they can value it where they wish - IMO. Blessings, ROPN

Thank for thwe good post Sunshinelvr. RON

Thanks for the update Bumper - that's great news...! RON

I agree Soldier, but a Rate & Date can be given - that's what I'm hoping for, if it's not actually done...! There is a new rumor posted - RON

SammiePJ, Thanks for this important post. Be Blessed, RON

He also stated that if anyone gives you an exchange charge in advance don't trust them (and I believe he was alluding to Ali and his $150/Million IQD charge). His statement didn't make sense to me if someone wants to charge a flat rate/Mil IQD. He probable wants to charge a percentage (eg: 1% = $10,000/million IQD). Subtle and sneaky. Just my opinion. RON

* World oil market is bracing for increased Iraqi production March 13, 2010

* World oil market is bracing for increased Iraqi production March 13, 2010

* U.S. Secretary of Defense asked the Saudi king forgive the debt of state on Iraq and open a dialogue with the new government complex March 12, 2010

Thanks David, Great post - This is a good well written article. I hope others don't miss the small link on the page after they hit your link. It took me a while. Have a great weekend. Be Blessed. RON

* Maliki leads Baghdad poll count March 13, 2010

It's my understanding that if you want to be included with Adam on any initial investments after the RV, it would be in our best interest to be a part of VIP. The general membership may be included at some later time. I might be wrong, but that's what I got from reading a post by Adam to all, taken from a VIP chat yesterday. If you want to be a part of it from the beginning - join VIP (only $79.95/year) - that's what I did. Any RV will easily pay for it. Good Luck in your decision. RON

I posted this here and under chats. FYI & Entertainment Ennorste Chat from dont promote other sites This room is now moderated. All messages submitted will be directed to room moderators for consideration before being made public. 22:20:46 [enorrste] OK, let

Iraq: Top Cleric Meets With Political Leader March 11, 2010 The top Shiite cleric in Iraq, Ayatollah Ali al-Sistani, met on March 11 with Islamic Supreme Council of Iraq chief Ammar al-Hakim, Aswat al-Iraq reported, citing al-Sistani's office. It is believed to be the first meeting between al-Sistani and a politician following Iraq's recent parliamentary election. Iraq: Kirkuk Election Results Delayed March 11, 2010 It could be March 19 before voting results come back in Kirkuk province, Iraq, AK News reported March 11, citing an unnamed source close to the Independent High Electoral Commission of Iraq. Iraq: Preliminary Election Results Postponed March 11, 2010 Iraq has postponed the release of preliminary election results, DPA reported March 11. The results, initially set to be announced on the morning of March 11, will be released within the coming days, according to a spokesman for Iraq's Independent High Electoral Commission, perhaps as early as the evening of March 11. No reason was given for the delay. Iraq: PM Named For Next Four Years March 11, 2010 Iraqi Prime Minister Nouri al-Maliki will continue to serve in that post for another four years, Al Masder reported on its website on March 11, following a meeting between the Iraqi political blocs. Brief: Iraq's Top Religious Leader Meets With INA March 11, 2010 Applying STRATFOR analysis to breaking news Iraq's top Shia religious figure, Grand Ayatollah Ali al-Sistani, met with Ammar al-Hakim, the leader of the country's largest Shiite sectarian political coalition, the Iraqi National Alliance (INA) on March 11. The meeting, al-Sistani's first with any political leader since the March 7 election, comes hours before preliminary results of vote are due. The meeting likely concerned the outcome of the polls in which the INA is considered to be trailing Prime Minister Nouri al-Maliki's State of Law bloc. Though the two leaders are not on the same page (with the INA being the closest Iraqi Shiite ally of Iran and al-Sistani, though of Iranian origin, wanting to remain at a comfortable distance from Tehran) they have an interest in making sure that the Shia dominates the next government. It is not clear who called this meeting, but in the past the al-Hakim family and many other Iraqi leaders have sought the grand ayatollah's influence in order to further their objectives. The key item on the agenda is likely the formation of a coalition government led by State of Law and the INA, on which there is a prior understanding on the part of both blocs. That said, since the Shia vote is split between the two groups, tensions exist and it is in al-Sistani's interest to mitigate them. Iraq: Iraqi List Condemns IHEC Visit March 11, 2010 The Iraqi List said March 11 that it disapproved of the visit by Iraqi National Coalition Leaders Ahmed Chalabi and Bahaa al-Araji's to Iraq's Independent High Electoral Commission (IHEC) because it interferes with IHEC affairs and attempts to influence the results in favor of Iraqi National Coalition, Alsumaria News reported, citing Shaker Kitab, an Iraqi List member and Renewal List spokesman. Chalabi responded that the visit is to submit proposals for counting votes and sorting each province's operations on the IHEC's Web site before results are announced. Kitab said he plans to verify the meeting's purpose with the IHEC. Iraq: No Presidency Council, Says Political Bloc Official March 11, 2010 The next Iraqi government will not have a presidency council, said a senior official for the State of Law bloc, reported Al-Hayat website on March 11. Ali al-Adeeb, who is with Prime Minister Nouri al-Maliki's bloc, said there will only be a president without the right of veto. Iraq: Allawi's Group Claims 'Massive Fraud' In Elections March 11, 2010 Iraqi al-Iraqiya list, headed by former interim Prime Minister Iyad Allawi, on March 11 said there was "massive fraud" in Iraq's national elections, Reuters reported. Iraq: Preliminary Election Results Delayed March 11, 2010 Iraq's preliminary elections announcements have been delayed because of computer-system problems, Kurdish Lvinpress reported March 11, citing the elections commission. Radio Nawa reported that the preliminary results for the 13 provinces not yet announced will not be released until March 18. Iraq: Early Results Show Kurd Bloc Lead In Arbil March 11, 2010 Early election results released from Iraq's electoral commission on March 11 reveal that 28 percent of votes in Arbil province show the bloc of Iraqi President Jalal Talabani's Patriotic Union of Kurdistan and Kurdish Kurdistan Regional Government President Massoud Barzani's Kurdistan Democratic Party, is ahead of the Goran party, reported Reuters. Early results, reflecting 17 percent of votes counted, from Diyala and from mainly Sunni Salahuddin province show the al-Iraqiya list taking the lead over Prime Minister Nouri al-Maliki's bloc and another largely Shiite group. Iraq: Kurds Will Always Be Main Partners - Al-Hakim March 11, 2010 Iraq's Kurds "are main partners in the country and will always be," Islamic Supreme Council of Iraq chief Ammar al-Hakim said March 11, after meeting with Iraqi top Shiite cleric Ayatollah Ali al-Sistani, AK News reported. Iraq: National Coalition Leads In Province's Votes March 12, 2010 With 23 percent of the votes counted in Maysan province, Iraq, the Iraqi National Coalition has received 29,454 votes, while Prime Minister Nouri al-Maliki's State of Law bloc has received 22,460 votes, Reuters reported March 12, citing the nation's elections commission. The National Coalition has close ties to Iran; the province is primarily Shia.

Hi Again Everyone, I WOULD ASK ALL OF YOU TO BEAR WITH ME ONE MOMENT. IMO, This situation regarding Enerroste and Gankans has gotten totally out of hand. The very thing that started the downward spiral was an inappropriate remark (that many believe wasn't intended malicioiusly); then it escalated to the mods, members taking sides, opinions of these posters, an apology to Adam, their perceived attitudes, attitudes towards them (good & bad), breaking rules, etc. The reality is they are not on our site any longer - RIGHTLY or WRONGLY. However, some of us are guilty of doing to them the very thing that E was accused of. I believe we all need to drop the GOSSIP at this point - because once a matter is settled (they have left), to continue is just GOSSIP, and cause the strife & dissention to continue. Can't we simply let laying dogs lie, so to speak. We need to wish them well, and success - just as we hope to have success. If you feel something is wrong - pray for them, for us, and for yourselves. Remember brothers and sisters, they helped us understand many things, caused us to stretch ourselves and our own thinking, giving us points to ponder and discuss - hopefully we are all the better for it. They werent always right, nor were they always wrong - it was simnply analyses and opinions on a RUMOR site. And, should their analyses be correct, are we mature enough to acknowledge that, and congratulate them if the occasion should ever arise. There should be no malice towards anyone - right or wrong. Forgive, and choose to move on. I believe there needs to be apologies on all sides at this point. And I for one want to be in good standing with everyone here. Please forgive me if I appeared to be preachy, but that is not my intent. I believe to continue this in any way is harmful to us as men and women. It affects each of us in our inner being. I personally want to not have any ill feelings or opinions towards anyone. So I pray that we can all be at peach with each other in this wonderful Dinar community. May God bless all of us with Peace, Mercy, Grace, Compassion, and Forgiveness. Let's pray for the success of our investment and each other. Thanks for bearing with an older Gentleman's rantings. Let's simply encourage each other, and all the more as we see the day approaching - and it IS, very soon - GO RV/RI...! RON

* ANALYSIS

Useful Information for SLC Announcement: SLC Cash-In Office March 11, 2010