Doc31

I am posting an email sent by me to my small IQD group at the urging of FloridaChick who is also a DinarVets member ... What I wanted to share with you is a conversation that I had with one of the members of this IQD group the other day. It is highly pertinent since Friday and Saturday are days that we are told are high probability days … what I call “maybe days”. Myself, I don’t think that we will see RI/RV until they get there elections certified and Parliament seated … but who knows. Anyway, there was a huge, “maybe day” within a day or so. All the intel told us that it had an enormous opportunity to RI/RV. He asked me if when one of these big days was in sight, “do I still get excited (because obviously he was)”. He asked because he knew that I have been in this for some time now and he wanted to see if I had grown cold from the experience. AND, if I was still excited, how did I keep from riding the “roller coaster” of up and downs associated with the Iraqis and there currency? I told him this: the IMF has mandated a RI/RV by the CBI no later than December 31, 2010 (yes, they could ask for an extension and possibly get it … my personal belief is that without dire circumstances they would be denied). For a short while, when scouring the internet and reporting what seemed important for you to know, I got so involved that I found myself on the “roller coaster” and knew that that was no place for me. So I looked for a reasonable place to stand emotionally and carved out a niche for myself. And here it is: I realized on January 1st, 2010 that there were 365 days this year in which this circus could bring us the long expected payoff each of us seeks. Each day … let me repeat … each day, I ask myself … “is this the day?” At the end of the day when RI/RV has not transpired, I’m neither down nor disappointed … I’ve merely crossed off another day of the 365 and the countdown continues. Because, you see, as the days get fewer and fewer the odds that today IS the day get larger and larger. As of today there are only 247 more days that it can be. The signs are all there … RI/RV looms larger than ever. Pressure from the IMF is apparent. Pressure from surrounding countries is obvious. Pressure from all countries who hold IQD themselves is present. Even pressure from the UNSC who holds them in Chapt. 7 is present. There is pressure from Iraq's own ministers of finance, planning, works, etc. because their budgets don't work without the RI/RV! And there is pressure from their citizens. Yes, I’m excited but without the former highs and lows … each day doesn’t bring a new hope but a calculated understanding of the fact that soon, very soon … maybe even today … will be THE day. I hope this helps you and brings you PEACE Doc31

My understanding is that the poverty in Iraq is the direct result of the fact that 30% going to the cost of operating government is NOT true as much of it should be going to programs to help their citizens (from the governmental departments)... however, from my seat in SW FL (LOL) ... I have no way of ascertaining which is true. So, if we assume that the 30% plus the 5% are NOT draws of drawn down funds (I hope you followed) and we call it 35% from oil profits leaving 65% ... there is still $375.78 Billion in a New York bank! Part of the reason that I personally don't believe the 30% is being used is that the difference is about $202 Billion! That's a lot of pocket change to operate such a backwards, low operational level, governmental operation. Although, I do understand that there is rampant mis-use of funds ... who knows Anyway, there are the two versions ... take your pick ... either is huge. $578 Billion or $375.78 Billion Peace Doc31

I have always been an RV guy ... mainly because of the following. When someone tells us that the IQD "sounds too good to be true" we always point them at Kuwait. But that's the last time we want to discuss Kuwait. However, to me, it's our template of sorts (yes, I know about Germany, etc. etc). And that is why RV makes sense to me. However, through posts on DV and elsewhere, I've heard 3 separate arguements for RI ... one mathematical, one from an economics standpoint (also mathematical), and one (almost) philosophical. A week or so ago a post was made (on the NEWS side of DV) disclosing that Iraq's oil money, in it's entirety, was not being utilized for the good of Iraq but was being deposited in a bank in the US (New York I believe) at the rate of $1B - $6B per month and if you did the math on the time frame it was about 72 months worth which made their deposit (speculatively) a minimum of $72B. We also noted that the pipeline is on and pumping NOW and that they had increased barrel output etc. so we believed that it might even be higher than the $6B/month that was disclosed. We went on to show, with the aforementioned math, how it WAS possible to RI ... supporting one of the above arguements ... speculative, mind you, but possible. We based our suppositions on the minimum of $72B. The problem was that we don't actually know how much is in that fund ... UNTIL NOW! CAPTMED posted an article in NEWS today entitled "69th Session of UNCC Governing Council" with a link: http://www.uncc.ch/p...l/69%20open.pdf The UNCC fields claims against those in Chapt 7. In this article it discusses how many claims were filed by individuals and countries against Iraq and what damages were actual (vs claimed) as determined by the UNCC. It tells what the total bill is, how much has been paid, and how it is being paid. Now here is where it gets interesting. On page two of the document it discloses that $28.9B has been paid and that it is coming from the oil revenues at a prescribed rate of 5% of the oil revenues. With a little math utilizing ratios we can calculate that if $28.9B is 5% then there must be a 100% which is the figure that we were needing in the aforementioned discussion and that is HOW MUCH IS IN THE FUND IN NY? And it is (mathematically) $578B Folks, I'm not telling you that they are going to RI ... I'm telling you that since 90% of the IQD sold belongs to countries (calculated by a retired State Dept Economist and posted on the NEWS site) that by IMF law they are required to hold a percentage of their standard trade with Iraq (meaning that it won't be cashed in all at once, but utilized for trade, and still held as per the IMF requirement) and that only 10% is held by folks like us who probably would cash in on RI ... together with the tons of gold that will be released upon lifting of Chapt 7 ... RI is actually feasible. Don't get me wrong I'm still an RV guy. Statistics tell me that 93% of the RV possibilities hit between $.86 and $2.10. That is simply too high to ignore. 60% of that at $.86 to $1.20. Another 21% between $1.21 and $1.86. and the last 12% between $1.87 and $2.10. Remember this though, as I always tell my IQD group that “that and $1.79 will get you a cup of coffee at 7/11!” IT”S JUST MY OPINION BASED ON NUMBERS (but it is pretty well sorted out). My own personal favorite is whatever the EURO is trading for on the day it RV’s. Last Novemeber when we got all excited …you remember, when we saw Baghdad bank rates set IQD at $1.49 for days during business hours. Guess what? That was the exact exchange rate of the USD vs EUR for those days! Today it is trading at $1.33. So, if it RV’d tomorrow my personal expectations would be $1.33. This would peg it superior to the dollar and even with the Euro (which many expect to be named the world’s next reserve currency if we don’t get our financial act together and quit printing money as per our new leadership … ahhhhh, I digress … and the European community gets Portugal, Greece and Spain straightened out or ousted). It would be a brilliant strategy placing it amidst the global currencies … above the Aussie’s and the Kiwis (which in my opinion it should be with it’s oil and agricultural prospects) … and well below the British Pound. It’s kind of a Goldilocks position. Not too high and not too low … just right. Please don’t pretend that I’m foolish enough to wish for an RV over an RI. And please don’t shoot the messenger. I was just trying to tie two posts together and put some sense to all of this. By the way many thanks to CAPTMED for his post to work off of. Peace Doc31 PS if you don’t agree … no need to bash … I realize it’s going to come out at what it’s going to come out at … and I will figure a way to ride it up higher still … just kicking around some numbers here Read more: http://dinarvets.com/forums/index.php?#ixzz0mJWBjpIy

I have always been an RV guy ... mainly because of the following. When someone tells us that the IQD "sounds too good to be true" we always point them at Kuwait. But that's the last time we want to discuss Kuwait. However, to me, it's our template of sorts (yes, I know about Germany, etc. etc). And that is why RV makes sense to me. However, through posts on DV and elsewhere, I've heard 3 separate arguements for RI ... one mathematical, one from an economics standpoint (also mathematical), and one (almost) philosophical. A week or so ago a post was made (on the NEWS side of DV) disclosing that Iraq's oil money, in it's entirety, was not being utilized for the good of Iraq but was being deposited in a bank in the US (New York I believe) at the rate of $1B - $6B per month and if you did the math on the time frame it was about 72 months worth which made their deposit (speculatively) a minimum of $72B. We also noted that the pipeline is on and pumping NOW and that they had increased barrel output etc. so we believed that it might even be higher than the $6B/month that was disclosed. We went on to show, with the aforementioned math, how it WAS possible to RI ... supporting one of the above arguements ... speculative, mind you, but possible. We based our suppositions on the minimum of $72B. The problem was that we don't actually know how much is in that fund ... UNTIL NOW! CAPTMED posted an article in NEWS today entitled "69th Session of UNCC Governing Council" with a link: http://www.uncc.ch/p...l/69%20open.pdf The UNCC fields claims against those in Chapt 7. In this article it discusses how many claims were filed by individuals and countries against Iraq and what damages were actual (vs claimed) as determined by the UNCC. It tells what the total bill is, how much has been paid, and how it is being paid. Now here is where it gets interesting. On page two of the document it discloses that $28.9B has been paid and that it is coming from the oil revenues at a prescribed rate of 5% of the oil revenues. With a little math utilizing ratios we can calculate that if $28.9B is 5% then there must be a 100% which is the figure that we were needing in the aforementioned discussion and that is HOW MUCH IS IN THE FUND IN NY? And it is (mathematically) $578B Folks, I'm not telling you that they are going to RI ... I'm telling you that since 90% of the IQD sold belongs to countries (calculated by a retired State Dept Economist and posted on the NEWS site) that by IMF law they are required to hold a percentage of their standard trade with Iraq (meaning that it won't be cashed in all at once, but utilized for trade, and still held as per the IMF requirement) and that only 10% is held by folks like us who probably would cash in on RI ... together with the tons of gold that will be released upon lifting of Chapt 7 ... RI is actually feasible. Don't get me wrong I'm still an RV guy. Statistics tell me that 93% of the RV possibilities hit between $.86 and $2.10. That is simply too high to ignore. 60% of that at $.86 to $1.20. Another 21% between $1.21 and $1.86. and the last 12% between $1.87 and $2.10. Remember this though, as I always tell my IQD group that “that and $1.79 will get you a cup of coffee at 7/11!” IT”S JUST MY OPINION BASED ON NUMBERS (but it is pretty well sorted out). My own personal favorite is whatever the EURO is trading for on the day it RV’s. Last Novemeber when we got all excited …you remember, when we saw Baghdad bank rates set IQD at $1.49 for days during business hours. Guess what? That was the exact exchange rate of the USD vs EUR for those days! Today it is trading at $1.33. So, if it RV’d tomorrow my personal expectations would be $1.33. This would peg it superior to the dollar and even with the Euro (which many expect to be named the world’s next reserve currency if we don’t get our financial act together and quit printing money as per our new leadership … ahhhhh, I digress … and the European community gets Portugal, Greece and Spain straightened out or ousted). It would be a brilliant strategy placing it amidst the global currencies … above the Aussie’s and the Kiwis (which in my opinion it should be with it’s oil and agricultural prospects) … and well below the British Pound. It’s kind of a Goldilocks position. Not too high and not too low … just right. Please don’t pretend that I’m foolish enough to wish for an RV over an RI. And please don’t shoot the messenger. I was just trying to tie two posts together and put some sense to all of this. By the way many thanks to CAPTMED for his post to work off of. Peace Doc31 PS if you don’t agree … no need to bash … I realize it’s going to come out at what it’s going to come out at … and I will figure a way to ride it up higher still … just kicking around some numbers here and it’s why I changed the post to the rumor side of DV

How about all of you "dinarified" Texans shuffle over there and explain RI/RV to him! thanks for the article sunshinelvr

Nope it is reported that it is $2M USD not 2M IQD ... think about it, all that oil money going to a bank in New York amounting from between $1B USD to $6B USD per month that has not been touched for 72 months and counting. It's probably higher than that since the pipeline is running and they are working to increase production. You and I are footing the entire bill. This oil money is why RI/RV at a decent level is not the problem that you envision it to be. Remember, that only approximately 90% of all IQD is held privately. the balance is held by Central Banks around the world who are required to keep a percentage of their average trade with Iraq. the IMF will regulate whether they need to buy or sell IQD to keep this percentage constant. In other words ... it will never be cashed in all at once, but over time will flow through there. al-Maliki just has his thumb, fist, and both feet in the pie as do many government officials who continue to cry out about the level of poverty that their citizens live under. RI/RV and make us all happy ... it will cut off the "gravy train" though. Peace

It seems to me that with all of the recount, no recount, count, no recount ... news that seems to be all there is for news these days that not seating a government is certainly acceptable to someone. A friend and I were discussing this when he pointed out that at $2M/month al-Maliki was making about $500,000/wk and on a 5 day work week about $100,000/work day. He figures al-Maliki is willing to leave Iraq unstable for personal gain. That much $$ would fund a whole bunch of things that he might be willing to do to retain the PM's mantle. I couldn't disagree with him.

Ron's right, it's old and it was written by "the staff" ... ask yourself, when you see a report, when was the last time no one specifically laid claim to it? this has all been discussed, dissected, and realized when it really came out ... it seems like it was posted in March but it was written way back some time (year/years ...). It's just been too long since I investigated it. Besides a little outside fact check would tell you that oil is up ... way up and still climbing (until this morning) and that inflation is not only down but down from 3.9 which is considered low already and it moved to 3.4 ... It's usually prudent to do some checking before we start chucking rocks ... take a deep breath and relax we are all expectant (overdue) of the RI/RV ... and with time you'll be as jaded as the rest of us and realize that one article ... one article about IRAQ ... doesn't change anything in the big scheme of things. For instance look at how many you've seen on the elections! Pro/con/someone else ... spoken by someone who you've never heard of ... it's like this site ... everyone posts! If there was one thing I could impart to you to always remember it is this (don't remember who said it) "if everyone is going to do something at the last minue ... Iraq is going to do it at the last nano-second"! Peace ... really.

K98nights I'm renaming you Walter Cronkite ... how you come up with all of these posts ... sometimes I have trouble finding them afterwards without the link!!! Isn't this a disguised cry for RI/RV by this individual? The budgets in place and he is referring to it like it is currently affecting his department as he says that he will require "supplementary budget" to fix it. However, we don't know the terms of the budget because Parliament has not been seated. Ask yourself ... how does he? Read between the lines and see, with the 17 projects being affected, if he isn't saying that without RI/RV none of this will happen. That's what we've been saying as well! You can call it wishful thinking if you like ... but when something confirms what we already see ... folks ... Thanks and keep up the good work.

Since they are extricating the USD from common trade, this seems like just another reason for vendors and the common man to get it out of their hands which doesn't seem to be a problem. Iran? the high end version ... probably. Dealers buying at .05 and .20 cents ... hey getting stuck with it is their problem ... however, watch you and I will have to buy them up at full value. I'm surprised Iran didn't flood Iraq with good bills years ago. Destabilization ... NO. Isn't everyone supposed to use IQD or an Eagle card? USD is supposed to be drying up ... The poor quality bills "screams" one thing to me ... "PLOY" ... someone is trying to get them to stop using USD (a good thing for us and the Iraqi people) to get the IQD in every Iraqi's hand. We'll see an announcement shortly ... hide and watch.

"The most prominent problem in the subject is the difference in prices of Gulf currencies and the Iraqi currency, but serious attempts were exerted to resolve the problem as soon as possible," Abbas said. Tomorrow is good for me ... I can clear my schedule for this kind of cooperation to resolve the problem ... anyone else? GO RI/RV Thanks Ron and Jody2010

Good news thanks for the post CarlaBlum

How much oil revenue is actually coming in for Iraq? Between one Billion and Six Billion dollars per month is being deposited into the Iraq account and has been since late 2004. You do the math. Where are those dollars? In a New York Bank account set up by the United States Treasury and owned by the Iraq Government It says that this is an old article and we know that their production is up from then ... but even if we estimate low using the lowest number provided $1B per month times 6 years (part of 2004 and part of 2010) times 12 months = (+/-) $72B So can we end all the discussion about why they CAN'T RI as opposed to RV ... how it will ruin their economy and cause "world class" inflation? (Which is not to say that they have to RI ... just that they indeed can) Thanks for the article ... I've not seen it before

I think that it's a double edged sword ... without the lifting of UN sanctions I don't believe that we will see RI/RV ... I believe that what they are actually doing is making their best case to the UN ... you know, when your kid asks for a motorcycle and you talk him into settling for a bike, which is what he was after anyway! Here they are saying you did this illegally and we should be paid for it (but we'll settle for lifting the sanctions) JMO I'm with you though ... (to quote NIKE) JUST DO IT (already!)

Thanks for the article ... isn't this the same guy (Allawi) who said that it would take months to sort all of this out and seat Parliament? Ok, is he lying now or was he lying then ... I didn't believe the 2 month thing anyway as the loan payment is approaching and gold payment was rejected ... their (Malaki and Allawi) only hope is for another extension while they posture and position themselves ... and that is possible ... but he is right ... the longer they wait the more uncertain that it gets. Just ask al-Maliki ... "do you think you should have RI/RV'd before the elections?" ... now his future is VERY uncertain (Mr. $2M/month PM ... wow, talk about your over exaggerated self worth! ... or do you spell that corruption?) Peace to all

OK, let's do the math: 25T IQD/15B USD= 1666.66 dinar/dollar ... currently it is at 1168+ ... they tell us at the current rate is "perfectly balanced" ... this ratio is worse not better ... this so called strategy is nothing but a ruse/misdirection/whatever your word is. If they were talking IQD to coins eg "monetary MASS" then would we expect the coinage to be $15B ... nope . Outside the country vs in country IQD maybe but not probable ... if 90% is held by Central Banks around the world as is reported then that would be very agressive and highly unlikely in the first year ... over time yes, but don't forget that each country always holds some currency of all the countries that they trade with and that the ratios are regulated and that they are required to sell off or buy accordingly ... it will fluctuate and Iraq will have to cover and absorb ... too quickly and you will have tight money and huge inflation. This would not produce the jewel of the med that they are trying to become. It's a very nice sounding article ... IMO it doesn't pass the smell test.

I think that long vs short term capital gains as well as the rate is all important. However, I believe that the specific section of the IRS code that controls/dictates this would be the most important of all. I know you are trying to be helpful to us all, but without the specific section it is at best 3rd hand information from a 2nd hand source for us. All of the folks (roughly six I think) who have asked their accountants about it that I know of ... first said "15% long term capital gains ... but let me check it out". After reviewing the IRS code they all came back and said that they "owe nothing!" I think that is great ... I just have trouble swallowing Uncle not getting his thumb in the pie. And, oh yeah, that is 4th hand info from a 3rd hand source! My point exactly. Do what you can for us ... everything is appreciated ... got to nail down the IRS code that speaks to this directly I believe ... then we can all look it up and be sure. Thanks and what are you having for dinnner? LOL

Poof ... was that more smoke? I'm with Chief V.

Are you sure? The fourth paragraph is: It has sure been an exciting couple of weeks, hey? The elections seem to be successful, in spite of the accusations and feet stomping. It has came to light that several days before the elections, it was ruled that no recounts would be taken… basically rendering the cries of foul play moot. I call this good news. Business is booming in Iraq: the Governor of Basra met with the Turkish consul ... And that is at least relatively current

I believe that I read every post in this thread and I didn't see where anyone had mentioned the thing that I am most greatful to "W" for and I kind of expected this thread's contributors to realize ... like his politics or no ... Ask yourself this: where was it that presidential order #13303 came from? You know that order that made it legal and easy for us to get IQD ...

I see what you see ... I merely posted with a link what I saw ... move it where you like ... I, like you, have no way to verify what a member says or (truly) believes ... merely thought that folks might want to see ... The great part is that all of us will be able to compare it against what actually does evolve ... including the fact that it might be crap! Peace

(I don't see this posted elsewhere forgive me if it has been ... just trying to help) final results of the elections as announced by the Office on Friday from almasder.net http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://www.almasder.net/newsiraq/news.php%3Faction%3Dview%26id%3D125&rurl=translate.google.com&twu=1 In the scoop, the source site publishes the final results of parliamentary elections to be announced by the Iraqi Commission on Friday, are as follows: 1- List of the rule of law: 91 seat 2- Iraqi National List 90 seats 3- Iraqi National Coalition 67 seats 4- the Kurdistan Alliance 43 seats 5- the unity of Iraq 8 seats 6- Accordance Front, 6 seats 7- List of change, 4 seats 8- Islamic Union, 2-seat 9- JI 1 seat In addition to the minorities

When I saw this I thought I remembered it happening months ago ... I googled Jack Smiley and Idaho and got what you see below. What you posted was the final disposition by the court ... 3 years probation and $1000 fine because he didn't have a license. Everyone got their money back. It was actually reported almost a year ago http://statevssmiley.blogspot.com/ as the recovery of the dinar which he would not disclose took place June 2009 Thursday, September 10, 2009 Smiley arrested, again Jack Smiley has been arrested and is currently in the Kootenai County Jail with a $100,000 bond. He has been charged with Grand Theft, General Fraud, Commodity Fraud, and 2 counts of Forgery. These criminal charges have been brought by the Kootenai County prosecutor. Posted by Alan Conilogue at 10:03 AM 3 comments

Apparently, but of the "high-level Plenary Meeting of the General Assembly on MDGs" (Millennium Development Goals ... which is just what it says) and not to be confused with RI/RV, I don't believe.

Sorry, but her cousin'ssss are guys ... besides there isn't anybody quite like her as you can tell from her statement!