Doc31

Thanks for the post!

Thanks for the post!

Hi there I have a small group in SW Florida. One of it's members is really angry with those of his friends who did not follow his advice and buy IQD. I've used different analogies and allogories in an effort to get him past it but nothing has helped. When I say that he is angry ... his response is WAY OVER THE TOP! Today it occurred to me how to explain it to him though. I called and asked him if he remembered Tom Cruise in the movie "Top Gun" and he did. I asked him if he remembered when Goose was killed and Maverick had a serious confidence problem. He said that he did. I then asked if he remembered the scene where Maverick had been cleared of the incident and was back in an F14 in a Top Gun dogfight with an F4 when he suddenly disengaged. He said, "yeah" . In the movie, Goose's replacement (called a RIO) asked Maverick what he was doing. Maverick replied, "it doesn't look good." His new RIO replied, "IT DOESN'T GET TO LOOK ANY BETTER THAN THIS!!!!!!!!!!!!!!" The moral of the story is that some folks just aren't "TOP GUN" material ... some folks are designed to step out ... to take a chance ... others are not. Some of your friends won't because they have no vision. Others have no money. Others have nothing but fear. Some have always thought that you are nuts and wouldn't follow your investment advice EVER. Even though you are more educated than their investment counselor who has consistently lost their money for YEARS! My counsel to you is this ... Do it or don't. It is a risk as all investments are. I personally do not believe that you will see the amount of leverage being offered to you presently by the IQD in your's or your children's lifetime ever again. That said, never spend more than you can afford to lose ... and yes that means don't bet next month's mortgage on a rumor! Oh ... I always tell my group when they ask me something and I give my opinion that "that and a $1.79 will get you a cup of coffee at 7/11". In other words, it's just my opinion. Study ... pray ... decide what is appropriate for you and your family. Just so you know, I'm still buying IQD ... and I have a bunch ... and I buy more every week (along with our group) and I will continue to buy more until our new national holiday ... the "Iraqi RI/RV Day" which I will thank God for and celebrate annually! PEACE TO ALL Doc31 To all of our active and retired military personnel ... thank you for your service and sacrifice ... have a great weekend and be blessed.

FOR THE RECORD I COMMENTED AND THEN IT WAS UPDATED As I said, it didn't make sense for 6.5M IQD ... 6.5B IQD is a whole different story. (Give or take $5.6M worth of IQD with a post RI/RV value possibly in the billions of dollars) One of the members of my group asked me a very good question ... "do you suppose that the purpose of this is so that we will now have to prove where we bought our IQD like they did in Kuwait?" "That is a very good question," I replied. And so now I pose it to you ... ... the answer of course lies with whomever really was responsible for this heist. 1) was it strictly for the money/power 2) was it an Al qaeda or Iranian op to fund terrorism 3) or was it as my friend suggested ... subterfuge It is something to think about this weekend. Peace Doc31 And to all you veterans ... retired or currently active, Thank you for your service and sacrifice ... have a great weekend and be blessed.

Just thinking out loud here ... So they stole $6500 USD ... in a place that cuts of hands, feet, and heads for such things ... doesn't it seem odd that "guards" (an inside job) felt it "prudent" to steal it? But then were so bad at it that they only got 6.5 M IQD ... which is less than a handfull. I guess my question is ... why would you risk life and limb (literally) for toilet paper? ... and for so little ... you know, a hundred million or so IQD ... OK, that makes sense ... it did say "guards" so they would have to split it up ... I mean, unless you knew that it was going to be worth something ... really worth something ... and pretty soon. Now that would be worth the risk! And didn't it say that they worked at the bank (where there might be a hint of some intel)? Thanks K98nights for the article. Just so you know, I'm still buying IQD and I will until our new national holiday ... the "Iraqi RI/RV Day" which I will thank God for and celebrate annually!

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Nobody bullies China! Thanks for the post

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Arrest Warrants against 1448 defendants for stealing 105 billion Iraqi Dinars May 27, 2010 - 07:33:20 Baghdad / Aswat Al Iraq: Chief of Integrity Commission, Judge, Raheem Alegaily, said on Thursday, that the first four months of 2010, had witnessed issuance of arrestt warrants against 1448 defendants among more than 2500 wanted individuals, being accused of stealing 105 billion Iraqi Dinars, (USD 89 million), and we have succeeded to convict 90 of them. Alegaily told Aswat Aliraq that,” Since the beginning of the current year till 1st of May, the commission has considered files of 2579 wanted individuals, and have issued arrest warrants against 1448 out of them.” He added that,” Summon orders were also issued by the commission against the rest to appear before the board of Investigation being charged in cases related to their work.” Alegaily also pointed out,” the Commission had managed to transfer 820 convict to the Criminal Courts on charges of stealing public money and administrative and financial corruption in different ministries at multiple levels.” Chief of the commission, Alegaily has stated that the Commission got 90 convict since the beginning of the current year involved in stealing the sum of 105 billion Iraqi dinars, (USD 89 million). He pointed out that ” The modern mechanism which the authorities are following are not enough to combat the corruption in the state departments unless it is accompanied with the assistance of other regulatory bodies, civil society organizations and the media.” He concluded. http://en.aswataliraq.info/?p=132308

Growth Picks Up in Middle East, But Credit Still Sluggish IMF Survey online May 25, 2010 ■Strong oil demand underpins a promising medium-term outlook ■Banking system stress, low credit growth could dampen prospects ■Improving competitiveness, raising growth are key for region’s emerging markets Growth in the Middle East, North Africa, and Pakistan (MENAP) is set to reach 4.2 percent in 2010 as the global economy recovers, but the region is still coping with the legacy of the global economic crisis, the IMF says in its new regional forecast. IMF Middle East and Central Asia Department Director Masood Ahmed told a May 25 press conference in Dubai that the outlook for the region had improved considerably from 2009. “We expect growth to gather momentum in 2010, helped by the pickup in capital inflows and the resurgence in domestic consumption,” Ahmed told reporters. “However, this positive perspective is clouded by some stress in the banking system and lethargic credit activity across the region.” Oil exporters emerge from crisis The region’s oil exporters—Algeria, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Sudan, the United Arab Emirates, and Yemen—were hit hard in 2009. Crude oil prices fell to $40 a barrel, real estate and asset prices plunged, and external financing dried up. The combined current account surplus of these countries fell to $53 billion in 2009, after having risen more than tenfold in the previous decade to $362 billion. Oil GDP for these countries contracted by 4.7 percent. The authorities reacted swiftly to the crisis, however, and a massive increase in government spending—along with central bank liquidity support and capital injections into the banking sector—helped mitigate its impact. As a result, non-oil economic activity continued to expand in these economies, by some 3.6 percent in 2009. MENAP oil exporters are now emerging from the crisis, thanks to a resumption of capital inflows and a rebound in crude oil prices to over $80 a barrel, the report noted. Higher oil prices and output are projected to boost the current account surplus to $140 billion and oil-GDP growth to 4.3 percent. Non-oil sector activity, supported by sustained fiscal stimulus in some countries, is also forecast to grow by 4.1 percent. The region’s oil exporters still face challenges in their banking systems, however, where credit to the private sector remains sluggish and losses on nonperforming loans have yet to be fully recognized, Ahmed said. Following an extended period of high growth through mid-2008, credit in these countries slowed by an average of almost 30 percentage points by end-2009 (Chart 1). Governments will have to balance the goal of reactivating credit with the need to strengthen financial regulations and enhance supervision, particularly in countries where there is evidence that excessive risk-taking occurred. Over the medium term, policymakers also face a delicate balancing act in unwinding official support to the financial sector—and in phasing out the fiscal stimulus, which is projected to last through 2010 but should be discontinued once a solid recovery is achieved. Emerging markets’ growth picks up—but slowly The region’s emerging markets—Afghanistan, Djibouti, Egypt, Jordan, Lebanon, Mauritania, Morocco, Pakistan, Syria, and Tunisia—are recovering from last year’s slowdown, but growth remains below the levels needed to reduce high unemployment and falls short of that in other emerging markets (Chart 2). These countries’ limited financial and trade ties—combined with positive spillovers from fiscal expansions in the MENAP oil exporters—helped offset the impact of the global slowdown. As a result, overall growth fell only modestly to 3.8 percent in 2009, from 5 percent in 2008. With trade rebounding since mid-2009 and investment and bank credit beginning to pick up, growth is projected to increase marginally to 4.1 percent in 2010 and 4.8 percent in 2011. These growth rates, however, are insufficient to create the jobs needed for a region with a rapidly expanding workforce and a high rate of unemployment. Credit growth—which fell to a weighted average of 2 percent in the year to October 2009 from almost 20 percent before the crisis—also remains low, as it does elsewhere in the region. At the same time, inflation remains relatively high in many countries, mainly on account of higher food and energy prices. The report likewise notes that the resurgence of capital inflows witnessed in other emerging markets is not yet evident in most MENAP oil importers. Continued weakness in European demand, appreciated exchange rates, and competition from other emerging markets is hampering the potential for export-led growth. “The main challenge for emerging markets in the Middle East will be to improve their competitiveness in order to raise growth and generate much-needed employment,” Ahmed said. http://www.imf.org/external/pubs/ft/survey/so/2010/CAR052410A.htm

Iraqi oil official : The plan to develop Gharb Alqurna oil field include digging 8 new wells Translated by IRAQdirectory.com - [5/26/2010] Iraqi oil official said Monday that the initial developing plan which EXXON MOBIL company and it is allies approved for the first stage of Iraqi Gharb Alqurna field include digging 8 new wells and updating up to 50 wells this year to boost the production. Basem Abdulkareem director of operating board in South oil company said during interview with Reuters that global oil services companies will be invited to dig 4 new wells and that the Iraqi drilling company owned by the state is already working to dig the other 4 wells as part of the plan to dig 8 new wells this year to increase the current production volume of 225 thousand barrel per day. Abdulkareem added saying we will issue tender for the other 4 wells and there will be tenders to update about 45 to 50 wells until the end of the year. Abdulkareem who is also member of joint administration committee for the first stage of Gharb Alqurna field which include executive officials from EXXON and it is partner ROYAL DAC SHELL and officials from Iraqi South oil company said that the tenders which will be discussed in the committee meeting will be open for all companies including foreign service companies like WEATHERFORD INTERNATIONAL and FLUOR CORP. EXXON MOBIL won the contract to develop the first stage of Gharb Alqurna field with reserves of 8.7 billion barrel in the licensing round to develop oil fields that Iraq made last year. EXXON MOBIL and its partners pledged to increase the production to 2.325 million barrel of oil per day after setting the level of 244 thousand barrel per day as minimum production volume. This deal is one of chain of deals to develop the big and unused oil fields which will put Iraq in the third place among biggest oil producers in the world and increase its production capacity to reach the production capacity of Saudia which is 12 million barrel per day from the current 2.5 million barrel per day. But there are some challenges and one of them is providing some Southern oil fields with huge amounts of water to increase the pressure and production where pumping water help increasing the production. And in order to overcome this problem EXXON started multibillion US dollars project to pump water for international oil companies that won contracts to develop fields in Southern Iraq like Gharb Alqurna , Majnon , Alzubair and Halfawya fields which lack sufficient water resources. And also there are other companies like the Italian ENI company currently negotiating with Iraqi officials to start projects to provide water for the oil fields. http://www.iraqdirectory.com/DisplayNews.aspx?id=12637

News Summary May 26, 2010 - 07:03:07 BAGHDAD / Aswat al-Iraq: Following is a summary of news reports posted until 10:00 p.m. Baghdad local time Wednesday – May 26: *Politics: DIALA - The Diala council rejected on Wednesday the appointment of a new police chief without the council’s approval. KIRKUK - Iraq’s Deputy Prime Minister Rafia al-Issawi discussed on Wednesday with a delegation from the Kirkuk local council political, security and services conditions in the province, according to a statement of his office. ARBIL - The German trade and Industrial relations office was opened in Kurdistan on Wednesday. *Security: BASRA - Police forces arrested on Wednesday seven wanted men and eight suspected gunmen in separate areas of Basra, a police source said. DIALA - Army forces waged on Wednesday a military operation in north of Baaquba, according to a security source. NINEWA - An improvised explosive device went off on Wednesday in north of Talafar, without leaving casualties, a police source said. NINEWA - A police officer was killed by unknown gunmen in western Mosul on Wednesday, according to a security source. NINEWA - Police forces arrested on Wednesday a wanted person in central Mosul, a police source said. *Economy: ARBIL - President of Iraq’s Kurdistan region Massoud Barzani received on Wednesday at the Salah el-Din resort in Arbil, German deputy trade minister and his accompanying delegation, according to a presidential statement. BASRA - The Iraqi port of Abu Falous on Wednesday received four merchant ships carrying varied cargos, the transport ministry said in a statement. BAGHDAD - The Iraqi Stock Exchange (ISX) trading activities hit 684 million Iraqi dinars on Wednesday. KIRKUK - Kurdistan’s Housing Minister, Kamran Ahmad Abdullah, and his accompanying delegation discussed with Kirkuk Governor Abdulrahman Mustapha on Wednesday the reconstruction projects in the province, according to the province’s media director. http://en.aswataliraq.info/?p=132306

End of military operation in Khalis May 27, 2010 - 09:05:39 Diyala / Aswat Al Iraq: An official security source said on Thursday, that all military operation done by Division Five of the Iraqi Army has ended inside Khalis in Diyala Province. The said source told Aswat Aliraq, that ” All the military operations carried out by Division Five of the Iraqi Army inside Khalis, north of Diyala, have ended, and resulted to arrest 15 suspects and been deported to Bashair Alkheir Camp in Baquba”. The source added,” Most of the suspects had been arrested before and been released for lack of evidence.” Baquba lies some 57kms to the north east of Baghdad. http://en.aswataliraq.info/?p=132315

Kurdistan trade delegation participates in Paris conf. May 27, 2010 - 08:45:40 ARBIL / Aswat al-Iraq: A delegation of Kurdistan traders will take part on Thursday in an expanded conference in Paris, chairman of the Kurdistan’s exporters and importers union said. “The delegation includes 32 traders from Kurdistan region’s provinces; Arbil, Sulaimaniya, Duhuk, will take part in the expanded trade conference, which will begin on Thursday (May 27) in Paris,” Sheikh Mustapha Abdulrahman told Aswat al-Iraq news agency. “The delegation will hold a meeting during the visit with the French Chamber of Commerce and the French-Arab Chamber of Commerce as well as a number of economic organizations there,” he added, http://en.aswataliraq.info/?p=132312

Technical reasons postpone meeting between State of Law, INA - official 27/5/2010 - 07:54 BAGHDAD / Aswat al-Iraq: The postponement of the meeting between the State of Law and the Iraqi National Alliance is due to technical reasons not political, member of the State of Law (Dawlat al-Qanoon) Alliance said on Thursday. “The meeting was scheduled on Wednesday (May 26) to ratify the working papers assigned to the three committees, but the delay in their work led to the postponement of the meeting,” Adnan al-Saraj told Aswat al-Iraq news agency. “There are no political reasons behind the postponement of the meeting, he underlined. “All the delayed papers will be completed within two weeks before the first meeting of the new parliament,” he added. State of Law, led by Prime Minister Nouri al-Maliki, and the Iraqi National Alliance (INA), chaired by Ammar al-Hakim, announced last May 5 the formation of the biggest parliamentary bloc to guarantee the premiership post. http://en.aswataliraq.info/wp-content/themes/s1/print.php?p=132310

Try this: It has more information than you asked for but it also covers why they don't have to "come up with" but about 10% (you'll find it where it's talking about 90% being held in central banks by countries who do business with them) 8th paragraph from top. It also covers the statistical probabilities of the RI/RV ranges. You don't have to agree with it ... but the the math will give you a little better perspective, I believe PEACE Doc31

Iraq News Iraq gory bombing kills 30 people Saturday, May 22, 2010 10:33 GMT Iraq’s bombing targeting a crowded market of cafes and stores in Al Khales District in Diyala killed on Friday night 30 people and wounded more than 80 others. The bombing caused by a mini-van bomb occurred few meters away from a police unit in Al Khales District. Police Lieutenant Abdul Jabar Hamoud affirmed that the explosion was a major one causing damages to nearby stores while roofs fell apart. There might be some people under wreckage, police estimated. http://www.alsumaria.tv/en/Iraq-News/1-49488-Iraq-gory-bombing-kills-30-people.html