Popular Post SWFloridaGuy Posted January 24, 2013 Popular Post Report Share Posted January 24, 2013 1-24-13 SWFloridaGuy: This Saturday could be a huge day for Iraq's Finance Committee/CBI/GOI/CoR. Today a committee member said that they are going to approve the budget in the next week and that they had agreed to extinguish the debt of the final accounts for the previous years between the CBI & Finance Ministry. Although there is no direct correlation to a new, revalued IQD rate referenced anywhere in budget numbers, we do believe that there will be a provision made for it. This is the budget proposal that Maliki initially opposed when he pushed for the introduction of the new infrastructure bill but it now appears that within the next few days that Iraq will approve their most prodigious budget ever. Now keep in mind, this is also why we are seeing concerns being raised over how they will be able to operate under the burden of a large amount of newly acquired debt. But it appears that the CBI has a plan to not only address this but also previous accounts held as well, which to me is extremely encouraging if true. Here is a new article released a few hours ago describing this development. http://www.alhalnews.com/index.php?page=article&id=1310329078 I want to make it clear that this next portion is strictly just my opinion after having researched this extensively over the past couple of years. I believe that it would advantageous for Iraq to have a more valuable currency at this time if they are truly serious about moving forward with a national economic reform and recovery (like they are claiming) while also extinguishing debt without creating inflation. The 17 private banks and two main state banks were hurt by embargos just before the turn of the century but more recenently have removed restrictions on international bank transactions and freed up the CBI from government control. The CBI has said Iraq’s large foreign reserves, which have risen to a record $60 billion on the back of high oil prices, will shield its financial system from damage. Their economy is still very centralized but I am looking for early 2013 as a great opportunity for those investing in Iraq. I see a large currency appreciation on the horizon for the IQD in the very near future but if it's a historic revaluation (50% - 100,000% or higher) then most likely the CBI will struggle to sustain those measures and stability in the long run. But this is of little consequence to us because we'll be long gone by then and will have converted our IQD into other forms of currency. Barring further legislative changes and assuming they stick to the currency reform plan, I see things progressing relatively quickly and a good first step would be to pass these reforms over the next week. This would also be a great opportunity for Iraqi leaders looking to consolidate support for upcoming elections. Should be very interesting, stay tuned. Sorry that was so long. I know I have a tendancy to ramble on (as Led Zepplin would say). 45 Link to comment Share on other sites More sharing options...
coorslite21 Posted January 24, 2013 Report Share Posted January 24, 2013 SW.....thanks.......well thought out and written..........very comfortable with either you, or Zeppelin "Rambling On"... 5 Link to comment Share on other sites More sharing options...
powerpager Posted January 24, 2013 Report Share Posted January 24, 2013 Great Post !!! 2 Link to comment Share on other sites More sharing options...
Captjohn Posted January 24, 2013 Report Share Posted January 24, 2013 SW, Thanks for a nice contemplative summary of the current situation. If there is only one constant in this ride, it's that hope springs eternal. Keep up the insightful work. 3 Link to comment Share on other sites More sharing options...
Iownya83 Posted January 24, 2013 Report Share Posted January 24, 2013 Thanks for the news always a good read 2 Link to comment Share on other sites More sharing options...
willy1der Posted January 24, 2013 Report Share Posted January 24, 2013 Thanks SWFG, always enjoy reading your post. 2 Link to comment Share on other sites More sharing options...
Elixirbaby Posted January 24, 2013 Report Share Posted January 24, 2013 Awesome. Thanks for your time SW 2 Link to comment Share on other sites More sharing options...
Liljohn Posted January 24, 2013 Report Share Posted January 24, 2013 Great post, well thought out and well written. I hope it happens soon. GOD BLESS!!! LORD SEND THE RAIN!!! 3 Link to comment Share on other sites More sharing options...
Osmosis Posted January 24, 2013 Report Share Posted January 24, 2013 Yes, should be another interesting week ahead.............again. 2 Link to comment Share on other sites More sharing options...
umbertino Posted January 24, 2013 Report Share Posted January 24, 2013 Thanks SWFG...Let's hope. 1 Link to comment Share on other sites More sharing options...
Dinar_o'saurs Posted January 24, 2013 Report Share Posted January 24, 2013 SWFG just keep..... "A-ramble on, and now's the time, the time is now Sing my song, I'm goin' 'round the world I've gotta find my girl On my way, I've been this way ten years to the day I gotta ramble on, I gotta find the queen of all my dreams I tell you no lie......." +1 4 Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted January 24, 2013 Author Report Share Posted January 24, 2013 SWFG just keep..... "A-ramble on, and now's the time, the time is now Sing my song, I'm goin' 'round the world I've gotta find my girl On my way, I've been this way ten years to the day I gotta ramble on, I gotta find the queen of all my dreams I tell you no lie......." +1 3 Link to comment Share on other sites More sharing options...
umbertino Posted January 24, 2013 Report Share Posted January 24, 2013 SWFG just keep..... "A-ramble on, and now's the time, the time is now Sing my song, I'm goin' 'round the world I've gotta find my girl On my way, I've been this way ten years to the day I gotta ramble on, I gotta find the queen of all my dreams I tell you no lie......." +1 'nother good one. Robert Plant.... To me, the absolutely most beautiful voice in Rock. There are other great singers / artists, sure... But still his voice is unique...JMHO. Thanks for posting. 4 Link to comment Share on other sites More sharing options...
UNEEK Posted January 24, 2013 Report Share Posted January 24, 2013 Good Morning SWFG - Hope all is well - Thanks for the encouraging update -- It's always good to have "Hope" to hang on to - Conditions are still a little shaky in Iraq and they will never be perfect as long as the Human Element is in control - Only in a perfect world will there be no greedy corrupt minds not doing greedy corrupt deeds - The struggle to right some wrongs is evident and we can surely hang on to some hope that we will continue to see that progress and the eventual Dinar value increase Have a great day ! <3 <3 <3 <3 <3 3 Link to comment Share on other sites More sharing options...
SocalDinar Posted January 24, 2013 Report Share Posted January 24, 2013 GM and thanks SWFG, As with you I'll be long gone. 2 Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted January 24, 2013 Author Report Share Posted January 24, 2013 'nother good one. Robert Plant.... To me, the absolutely most beautiful voice in Rock. There are other great singers / artists, sure... But still his voice is unique...JMHO. Thanks for posting. Yeah I totally agree. He was great at filling the void between lyrics with improv also. The whole band really was amazing though. John Paul Jones was understimated, John Boham was one of the greatest drummers to ever pound away and of course I don't have to say how talented Jimmy Page is. You wanna watch something funny, check out this Jack Black video of him begging Led Zepplin for song rights. http://www.youtube.com/watch?v=vlk8DhHYDNw 8 Link to comment Share on other sites More sharing options...
motox565 Posted January 24, 2013 Report Share Posted January 24, 2013 Way to ramble my rockin friend! 2 Link to comment Share on other sites More sharing options...
umbertino Posted January 24, 2013 Report Share Posted January 24, 2013 Yeah I totally agree. He was great at filling the void between lyrics with improv also. The whole band really was amazing though. John Paul Jones was understimated, John Boham was one of the greatest drummers to ever pound away and of course I don't have to say how talented Jimmy Page is. You wanna watch something funny, check out this Jack Black video of him begging Led Zepplin for song rights. :)/> http://www.youtube.com/watch?v=vlk8DhHYDNw Thanks for the video. Never saw it before. 1 Link to comment Share on other sites More sharing options...
mike5103 Posted January 24, 2013 Report Share Posted January 24, 2013 Thank you swfg,Great post as usual.Always enjoy reading your post.Have a great day. 1 Link to comment Share on other sites More sharing options...
sxsess Posted January 24, 2013 Report Share Posted January 24, 2013 Great write up! I hope this is finally coming to an end. 1 Link to comment Share on other sites More sharing options...
Sk 1962 Posted January 24, 2013 Report Share Posted January 24, 2013 Thanks for the great post SWFG, This is I like many others really enjoy reading your posts. Please keep up the good work and thanks again for everything you contribute to this great site 1 Link to comment Share on other sites More sharing options...
geman Posted January 24, 2013 Report Share Posted January 24, 2013 Great song !!!!!!!!!!! 1 Link to comment Share on other sites More sharing options...
Nadita Posted January 24, 2013 Report Share Posted January 24, 2013 SWFG, You telling me that I should wait by computer and cancel my date..? just in case kinda I go crazy and start dancing on the table 1 Link to comment Share on other sites More sharing options...
fastarnie Posted January 24, 2013 Report Share Posted January 24, 2013 SWFG, You telling me that I should wait by computer and cancel my date..? :)/> just in case kinda :)/> I go crazy and start dancing on the table ;)/> I can't speak for him, but i would say continue living life....besides he just might like that side of you. he or she sorry. i just assumed... 1 Link to comment Share on other sites More sharing options...
Nadita Posted January 24, 2013 Report Share Posted January 24, 2013 I can't speak for him, but i would say continue living life....besides he just might like that side of you. he or she sorry. i just assumed... :lol:/> Fast, What are you talking about...? living a life..? I have been doing that all these years but I could tell you I am happy and life is good... no complain here but sometimes I wish I have 48 hours in a day to finish what I need to do in a day What side of me you talking about...? I don't know I have sides lol Link to comment Share on other sites More sharing options...
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