Chief V

It's been around since 2008 at least....

Keep an eye on this as this is where you're gonna see the prelude to the RV, once the consumables and product prices start to change we know we're on it! Good find, thanks! V

Try 1.4% to 1.6% Inflation rate in Iraq........does that unequivocally state NNNNNNNNNNOOOOOOOOOOOO????????????????

Due diligence is one thing, but paying attention to what is being posted is the main source of information for those of you on this forum or any other forum for that matter. There are multiple articles that discuss and show how this can and will happen, whether or not there will be a variation in either scenario is yet to be seen, but it will happen. Read the attached link for an excellent layout of the way it's designed to work. V

Great info Doc, thanks again for keeping us updated on this! V

Wow, yeah that is funny, I'm sorry, but I've used Dinar personally in Iraq, the only other currency that is really used there is USD other than the IQD, do not be swayed by what some bank teller is telling you, especially if they either don't know, or they have been told to tell you otherwise....YES THAT IS HAPPENING...lol

Thank you Steve1 and may you and your wife and new family spend many many more Happy Holidays' together as well, God Bless, V

Thank you Solutions for the post, and thank you Steve1 for the information you've shared with us. Please enjoy your Thanksgiving Holiday with your new wife and family, you are truly blessed. God Bless to all, and may all of you enjoy your Thanksgiving Holiday as well. Things will be quiet, but as you can see, they are still making progress on a daily basis. To all the NOOBS: Read, listen, learn, and lend a good word instead of the bash fest I've seen on here lately. It's totally uncalled for. We have no control over what people tell us, it's being posted for your viewing pleasure and your own interpretation, we cannot spell anything out for you, the only way that is going to happen is when you see it on Forex......RV. After that it will be all over the news. Do your due diligence folks before you start prodding others. Everyone is under stress, and with the upcoming Holidays' that just tends to get even worse. We're off to a great week, make it that way for yourselves as well, again have a Happy Thanksgiving Holiday, V

Excellent post. Cunning.........and Clever. Much like the Iraqi's as well. Excellent story, thanks for posting. V

Excellent find Carla, thank you for sharing!! V

Good post Molly, and it actually says quite a bit, as I remember last there were 2700 projects in place in Iraq at this time......Iran having 750 of them just goes to show how much they truly are involved in the reconstruction of Iraq.........very interesting. Thanks, V

Thanks again Doc!

Here's a post from Enoch08 in April of this year.... Enoch08 Post: 1D 4/12/10 (Currency Economics) April 13, 2010 • Posted in CHATS / POSTS Read more: http://dinarvets.com/forums/showthread.php?18119-Enoch08-Post-4-12-(very-intersting)#ixzz0l4u6cpjr Enoch’s Law and Energy/Currency Economics The last 3 months, I have been running numerous possible and viable mathematics calculations, on IMF REER and Exchange Rate Methodologies, use by International Banking and the IMF for valuations of currencies. I want you to understand, that all methodologies are based on economics ‘Theory’. That is a fact, and is stated in the IMF document entitled “Real Estimated Exchange Rates” at the IMF. Anyway, using numerous sources, including the IMF, CBI, CIA and GOI Ministry of Finance and Planning documents, and reports given by these agencies, I have ran many possible calculations on economics models, and have come up with some interesting data. The estimates I have are consistent with and ERM at about $.20 to .36 as an initial rate, and can easily be driven to about 1.50 or higher, over the course of about a year or more, just as has been suggested in some recent articles, an opinions of some of the Ministers and MPs in Iraq. I would say, further, that it is entirely possible, IF the IMF does not ‘Freeze’ the rate, it could go much much higher than 3.22, but would be temporary and very unstable at rates higher than that, unless they withdraw and reduce the currency supply back to significantly less than 6 Trillion IQD in circulation, which I believe is part of the ‘Plan of Action’, in the ‘Post DFI and agreement with the UN per Article VII and with the IMF per Article VIII agreements. Utopia and I were up late last night and calculated a potential, and viable strategy, that I believe Iraq plans to use, in the ‘Process’ over the entirety of 2010 and part of 2011 to increase the value to the ‘Planned Rate’. {I do not know that rate, but could be post Saddam or Post War rates, ranging from 2.50 to 3.50, but could also be a plan to settle into ranges of the MOP feasability study and contract models, ranging from 1.13 to about the average of the British Pound, which was the traditional value, since about 1917.} The methodology we discovered last night shows a potential starting value of this ‘Process’, at as much as .36 and would progress it’s way up, on a “1/2 to 2 1/2% banded Peg”, which if allowed to go unchecked or regulated or frozen…. could be driven as high as rates even over $10. At this point, I want to ‘Bust’ a couple of 100% ‘Myths’, concerning the free market and low rates initially. Many have said, often, “If Iraq comes in too low, the speculators would bankrupt the country, because they would drive the prices and value through the roof and Iraq could not recover from that.” It is probably true that the Market and Foreign exchange, forex and other markets, would indeed, drive the value exponentially, if they come in low. However, it is 100% false, that Iraq would suffer from that. The fact is, that Iraq would profit greatly from that, just as would any other trader profits on the spreads, the more it moves, the more times that spread is made, by CBI and the GOI, just as would it be also true of the Forex marketers and brokers, (Exchange Bankers). The fact is this….. those values are not paid for by Iraq, but by the people using the currency, and they as well benefit from the values being driven up, with purchasing power given. The companies and other markets, benefit as well, because real value of labor and commodity is increased as the purchasing power is increased. I would like to share with you some lessons in Economics, that is a bit more advanced, than Econ 101, Supply and Demand. It is a concept used by the power drivers of the world banking cartels and even the infamous Kabals, dating back to Mayor Amschel Rothchild, in Energy Economics, as shown in “Silent Weapons for Quiet Wars” http://www.lawfulpath.com/ref/sw4qw/index.shtml Now, if you dare to follow the theory of Energy Currency Economics and to understand the concept that Currency is Energy and Power, just as is Voltage and Amperage, I will tell you a mystery….. Enoch’s Rule: Money is Energy. Currency = Power. Enoch’s Law: “Energy produced into a state of oversupply, reduces the cost of power, because the cost of the power it takes to produce energy, is also reduced.” What I am saying here is more simple than you may think. It basically proves, that an increase of money supply and purchasing strength,is not inflationary. It simply increases the production of more power at a lesser cost of the labor it requires to produce it. In other words, it reduces the cost of the labor it takes to produce more money, by increasing the amount of things of value produced by that labor, meaning, the worker enjoys greater purchasing strength, per hour of labor, requiring more money= energy to be in circulation. Here is what I am driving at concerning Iraq. *In 1984, there was about 25 Billion IQD in circulation at the rate of $3.22 per Dinar…. about $80 Billion in purchasing strength. Oil was about $15 per barrel. **In 2010, there is about 23 Trillion IQD in circulation at .000865 per Dinar…. about $20 Billion in purchasing strength. Oil is over $85 per barrel. Here is where it gets really good…. (stay with me on this and you will understand why it is good that Iraq starts at a lower rate and progresses higher, than starting high and freezing the rate.) OK…. we need to consider the following: 1. Assuming that the population of Iraq is the same as in 1984, which I imagine it is significantly higher, (which would increase demand for additional liquidity, that was $80 Billion); 2. Assuming oil production then was about the same as today, (which the estimated projections are significantly higher, and would also increase the projected purchasing strength of the M0, M1 and M2s); 3. Assuming the world demand and per capita income and volume of GDP is the same as 1984, (which is projected to be way over those rates, maybe as much as by 10 times and would also increase the demand for additional liquidity in the market); 4. Assuming World Demand for Iraqi commerce and money is the same as 1984, (which is absurd, it would increase exponentially and there will be additional demand for additional liquidity and increase the value if more is not added to circulation): Now we can get to the good part. Assuming 1-4 above without factoring in additional demand for more liquidity, all things in 1984 being equal to today, the current value of IQD in circulation is a minimum of 4 times undervalued. Todays rate = 1170/.000865. Multiply that by 4 = 292/.00346 (3.5/10ths of a cent.) Stay with me now…. lol Oil is 85% of the Iraq economy, so it is safe to estimate, that the price of oil is a good determining factor of inflation by world economics compared to Iraq. Oil is currently projected at about 6 times that of prices in 1984. Multiply 292/.00346 x 6 = 49/.02 (2 cents)…. whippy! lol Now, you can start considering those missing factors in items 1 – 4 above, and take a reasonable estimate of increasing the per capita income by a minimum of double, and redouble, that by the GDP, Reserves etc. and create a demand to liquidity ration, without yet factoring the outside world demand and arrive at $.04 and .08 per IQD. Then factor in additional external market demands outside of Iraq by a minimum of double, and you now have a basis for $.16 per IQD. Any reasonable economist, would predict, that those demands and market forces would easily create more than double that this year, and does not yet include the aspect of removing IQD from circulation. That would set a 2010 basis for and ERM at about $.32 or .33. Now…. I would imagine, that the market forces are going to be significantly higher than these estimates, and they can remove currency from circulation, by up to 90% which would over the course of time, increase the buying power both of the overall supply but the individual IQD by 10 times. $3.20 to $3.30, but would take a series of increases over the coming months, in and ERM with a Banded Peg Mechanism, as was told by Okie’s friend, who also has the IMF contact who gave that intel last week! Read more: http://dinarvets.com/forums/showthread.php?18119-Enoch08-Post-4-12-(very-intersting)#ixzz0l4tbqrUD

Letter dated 18 March 2010 from the Permanent Representative of Iraq to the United Nations addressed to the President of the Security Council I have the honour to transmit herewith a letter addressed to you from H.E. Hoshyar Zebari, Minister for Foreign Affairs of the Republic of Iraq (see annex), together with its enclosure, the first quarterly report of the Government of Iraq regarding the action plan and timeline for the transition to successor arrangements for the Development Fund for Iraq and the International Advisory and Monitoring Board by 31 December 2010. I have further the honour to request that the present letter and its annex be circulated to the members of the Security Council and issued as a document of the Security Council. (Signed) T. Hamid Al-Bayati Ambassador Extraordinary and Plenipotentiary Permanent Representative Government of Iraq to present a report on its efforts to settle outstanding claims in accordance with Paris Club conditions. November 2010 Committee of Financial Experts to take over duties and files of International Advisory and Monitoring Board. December 2010 With a view to settling the remaining commercial debts, Iraq has inaugurated new schemes whereby each creditor may submit its claim to Ernst and Young, the agent for the reconciliation of Iraqi debt, for verification. Those claims will then be settled in accordance with the Paris Club agreement, either in the form of a cash payment representing 10.25 per cent of the outstanding claim or in the form of bonds with a face value of 20 per cent of the old debt, on which interest will be payable twice yearly over 17 years. http://www.iamb.info/pdf/DMSDR1S%20-%204189983%20-%20v1%20-%20IAMB--First%20quarterly%20report%20from%20the%20Govt%20of%20Iraq%20to%20the%20UNSC%20under%20UNSCR%201905.PDF Hope that answers your question?

2010 is not over yet, we've got a lot of impatient new folks on here which has been severely distressing to all the forums, and I personally attribute that to Facebook and the website owners who have made themselves known on there, and now this is starting to spread like wildfire. We all know the facts, we all see exactly what is happening, so what if the announcement is not until Thursday? M still has 15 to 30 days to make the announcement, I'm pretty sure there are many backdoor deals that have transpired and those in the know are the only ones who know. We are not privy to much of what goes on there at the higher political levels, some may have contacts in regards to it, but that doesn't mean that what they say will happen due to the fact that' IT'S IRAQ folks!!!! That would be our Christmas day should he go the full 30 days, he has already stated publicly that he would make it the fastest seating ever in their govt. course that doesn't mean a whole lot since it's the first democratic govt. they've ever had...lol. Course it will be the fastest...lol It'll happen when it happens, people are living their lives based on this happening tomorrow EVERYDAY, because of some irresponsible people who post dates and rates continuously and have for quite some time. The complexity of what is transpiring in this country is history in the making, pay attention to it, virtually everything is in place, more happens on a daily basis, the representatives will be in meetings all this week, sit back, watch, wait and learn. We all know it's going to happen. They will not blow off the contracts and take on trillions of debt, I won't believe that for a minute, they are not that ignorant. What they do they do for a reason, and I'm pretty sure they do it while already having worked out the details before hand. WE know the UN and the IMF have made idle threats before, the pressure is still on, don't be blinded into thinking it's not. Worldwide Pressure at that. If they don't do it by the end of 2010, it's on them........I don't see that happening. They've already made themselves look quite irresponsible and immature in many of their actions already, I do believe they are getting the jist of "THE WORLD IS WATCHING" Just my opinion.....stay strong folks. V

Dinarette, that's excellent information and interesting how it's dated Nov. 2010!!! I had not seen this information before, the TAG accounts I've known about, and tried to explain that to a banker, and the actual account manager said it was BS....lol. When in fact there was a sign right on the counter that verified what I told him......sometimes the bankers don't even know. Amazing. Anyway, thank you for that information.....that truly is a good find there!!! .................................and so recent!!!!!!

Being that this is not the Rumor section might I suggest we obtain a link for this statement: V

Maynard And my opinion is along the lines of Chief's suggested option #2. If one reviews ALL of the material on this issue, not only do they make regular mention of deleting three zeros, they also talk about their plans for which currency bill denominations will remain in circulation and which will be retired over time. I interpret the plan when read in its entirety to suggest that "removing three zeros" is a phrase that refers to simply phasing out the 5,000, 10,000 and 25,000 denoms because after the RV these bills are too large for practical value in the vast majority of currency transactions. It does not speak to a LOP nor does it very directly speak to what the RV rate will be. That's my story and I'm sticking to it, until any future retraction I might implement. Maynard Thank you Maynard, and I respect your opinion as well. This is exactly what has been interpreted over and over again by folks much smarter than myself that is for sure. Not to mention it has been stated by the Leaders of Iraq as well.

Bernanke defends bond-purchase plan, warns China AP Bernanke defends recent Fed decision Play Video AP – Bernanke defends recent Fed decision Ben Bernanke AP – FILE - In this Sept. 30, 2010 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol … By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – 1 hr 1 min ago WASHINGTON – Federal Reserve Chairman Ben Bernanke hit back at critics, both at home and abroad, who have challenged the central bank's $600 billion bond-purchase program. In a speech in Germany, he argued that Congress must help support the Fed's program with further stimulus aid. And he issued a stern warning to China, saying it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low. Bernanke made the remarks Friday at a banking conference in Frankfurt. Without more stimulus, high unemployment could persist for years, he said. But in making that argument, Bernanke risks heightening complaints that he's plunging the Fed into partisan politics. The Fed's Treasury bond-buying program is intended to invigorate the economy in part by lowering interest rates, lifting stock prices and encouraging more spending. Lower interest rates on loans would prompt companies to borrow and expand. And higher stock prices would boost the wealth and confidence of individuals and businesses, Bernanke has suggested. The additional spending would lift incomes, profits and growth. But the Fed's program has triggered a barrage of criticism both within the United States and abroad. Republican leaders in Congress and some Fed officials are among those who say they doubt the program will help the economy. They also worry it could unleash inflation and lead to speculative buying on Wall Street. And at a summit of world leaders in South Korea last week, China, Germany, Brazil and other countries complained that the Fed's plan would give U.S. exporters a competitive price edge by flooding world markets with dollars. A weaker dollar makes U.S. goods more attractive to foreign buyers. Emerging economies like Thailand and Indonesia also fear that falling Treasury yields will send money flooding their way in search of higher returns. Such emerging markets could be left vulnerable to a crash if investors later decide to pull out and move their money elsewhere. Still, European Central Bank President Jean-Claude Trichet insisted during a panel discussion after Bernanke's speech that he and the Fed chairman "strongly share the view that a solid strong dollar ... is very important." The International Monetary Fund's head, Dominique Strauss-Kahn, said he believes that "wherever it's possible ... the support to growth is still something which is absolutely necessary." He cited the U.S. as an example, saying the economy could pick up to 4 percent growth or slow to less than 2 percent growth, "and the consequences for the rest of the world would be huge." Still, he also said that in general there's a need to "restore confidence" by tackling debt problems. Because countries are recovering from the severe global recession at different speeds, tensions among nations have risen, making it harder to find global solutions to global problems, Bernanke said. So-called emerging countries like China, Brazil and India are growing at much faster rates than "advanced" economies like the United States, Japan and Britain. "Insufficiently supportive policies" in the United States and other advanced economies could "undermine the recovery not only in those economies but for the world as a whole," Bernanke warned. By contrast, China and other emerging economies face the challenge of keeping growth robust, without igniting inflation, he said. By keeping their currencies artificially weak, China and other emerging economies are causing problems for themselves and for the stability of the world economy, Bernanke said. His comments come days after a U.S. congressional report called on Washington to do more to force China to increase the value of its currency. On Friday, the Chinese Foreign Ministry countered that that constitutes interference in Beijing's internal affairs and accused the U.S.-China Economic and Security Review Commission of having a "Cold War mentality" and of harboring a grudge against China. Bernanke argued that the Fed's Treasury bond purchases are needed to promote faster job creation and reduce the risk that very low inflation could turn into deflation. Deflation is a prolonged and destabilizing drop in prices of goods and services, wages and the values of assets like stocks or homes. Even so, the Fed's program by itself can't fix all the economy's problems, Bernanke said. "We don't want to overpromise, the effects are ... meaningful but moderate," Bernanke said of the Fed's bond-buying program during a panel discussion after his speech. "To the extent that we can get help from the private sector, from other policies, I think that's all very constructive, so I hope that we can." He also called on Congress to step up. "A fiscal program that combines near-term measures to enhance growth with strong confidence-inducing steps to reduce longer-term structural (budget) deficits would be an important complement to the policies of the Federal Reserve," he said. Bernanke has previously warned that the economy is too fragile for the Congress to slash spending or boost taxes, even as he has made the case that lawmakers and the White House must craft a credible plan to reduce trillion-dollar plus budget deficits over the long term. But the Fed chief amplified that warning. He is doing so as Republicans in Congress — coming off big wins in the midterm elections — are using their clout to push for less government spending and more fiscal discipline. Republicans are upset with Bernanke because they think the Fed is overstepping its bounds with the bond-buying program. They argue that the Fed is printing money to pay for the government's massive debt. Senate Minority Leader Mitch McConnell of Kentucky and incoming House Speaker John Boehner of Ohio had no immediate reaction to Bernanke's request for Congress to step up stimulus aid. Both GOP leaders blasted the Fed's bond-buying program earlier this week. Senate Majority Leader Harry Reid of Nevada also didn't have an immediate response. Republicans Rep. Mike Pence and Sen. Bob Corker, want the Fed's mission to be revamped. They want the Fed to focus solely on keeping inflation in check. It now has a "dual mandate" from Congress: to keep both inflation and unemployment low. Put on the defensive, Bernanke felt compelled this week to meet privately with lawmakers on the Senate Banking Committee to defend the Fed's program. A stream of Bernanke's colleagues have also been out making public appearances to back the Fed's action in recent days. Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, and Sandra Pianalto, president of the Cleveland Fed, were on the circuit Thursday. Bernanke warned the economic risks are high if Congress doesn't work alongside the Fed to stimulate the economy. "On its current economic trajectory, the United States runs the risk of seeing millions of workers unemployed or underemployed for many years," Bernanke said. "As a society, we should find that outcome unacceptable." ____ Geir Moulson in Berlin contributed to this report. http://news.yahoo.com/s/ap/20101119/ap_on_bi_ge/us_bernanke http://dinarvets.com/forums/index.php?app=forums&module=post&section=post&do=new_post&f=21 (VIDEO)

Thank you for your cautious input and it's much appreciated. I respect the fact the you have made your statement known, others need to realize that as well. My commentary during the CC about the Conex's full of Dinar during late '06 was also confirmed by another individual on one of my posts here about the same subject who stated that they saw one of these Conex's in Kuwait in early '07. Again.....heading to the US. V

THANK YOU

Awesome! Pop-Up Hallelujah Chorus at Macy's Just this past weekend, shoppers at the the Macy's in Philadelphia (the old Wanamaker building) were surprised when over 600 choristers who were there mingling with regular shoppers suddenly burst into Handel's Hallelujah Chorus. It's pretty awesome. The Opera Company of Philadelphia was instrumental in bringing it together to perform one of the Knight Foundation's "1000 Random Acts of Culture" which they'll be doing over the next three years across the country. Accompanied by the Wanamaker Organ - the world's largest pipe organ - the singers burst into song at exactly noon. This is awesome, gave me goosebumps!! Wishing all of you a wonderful and fruitful Holiday Season in 2010! V

Thanks Scooter, I was hoping that that information was correct, Sonny1 had mentioned that GE was involved in this and waiting for their share, so hopefully this is the good news we've been waiting for and the RV/RI will follow suit. I am home and have been since July 2nd, thank you for the well wishes. I'm done with the Middle East and once this is over the only need for me to go back is to see Iraq in it's full splendor after full reconstruction and rebuilding. I know for a fact it will be amazing as it sounds they wish to surpass if not rival Dubai. V

Very well said Brandedbabe!!

Folks no where in here did I say the dreaded "L" word, both of these scenarios are positive. The nominal value of the IQD will be the same as long as the larger denominations are allowed to stay in circulation, which could only be 90 days in order for them to take them out of circulation. It's hard to decipher the articles but no where in there does it say that your 25k note will become a 25 note. 25k means 25,000 for those of you who missed that. Prices in stores will be reflective to the new rate of exchange. For example: I was traveling through Baghdad airport and was hungry and the Iraqi woman in front of me was only purchasing a bag of potato chips, she handed the teller a IQD5000 dinar note, and he handed her IQD4000 dinar back. With the newer denominations the bag of chips should only cost about 1 dinar once it's equaled to the dollar. That bag cost her about 90 cents at the current rate. Remember this, all the denominations are new, large and small, and they will be of equal value as long as they allow the larger denominations to remain in circulation, once they say this is the date that the larger denominations will no longer be allowed in circulation, if you have not put them in a bank or exchanged them yes.....you now have wallpaper, and very pretty wallpaper I might add. Take your LOP theories to the LOP section, this is in no way a LOP. V