WHNT News - World is starting to learn...

[aitshioud]

The easiest thing for a central bank to control is money supply, the hardest is velocity. They got velocity covered. The above is proof.

[dontlop]

How to destroy an economy

There is reason to believe that at the same time the 4th Group was making imitations of the Iraqi currency, the CIA was forging their currency. Prior to the 1991 Gulf War, Iraq’s currency was prepared abroad, by Thomas de la Rue of England and, presumably another country. According to Triumph without Victory, U.S. News and World Report, 1992, page 190, in an operation called "Blink, Saddam, Blink," Washington persuaded the two countries that had produced the Iraqi currency to:

print counterfeit Iraqi currency, which was then distributed to Kurdish leaders, who flooded the market with worthless bills.

I questioned the editor in 1992 about the alleged forgery campaign and he answered:

Unfortunately, like so many pieces of information my colleagues and I came across in the course of reporting on the Gulf War, we were unable to develop more than the barest outlines of an operation codenamed "Blink Saddam Blink." We were told that the operation did involve the infiltration of counterfeit Iraqi currency into the country, but we were singularly unsuccessful in learning more about it.

In Newsweek, June 8, 1992, Ray Wilkinson in Amman, Jordan adds:

Can a blizzard of banknotes succeed where Desert Storm failed? Some of those still working to topple Saddam Hussein evidently think it’s worth a try. In a campaign Iraq denounces as a CIA plot called "Laundry," counterfeit Iraqi and U.S. dollars are flooding into the country across all of its borders. The Iraqis say bales of fake dollar bills have been dumped from American helicopters; U.S. intelligent sources say it’s an all-Arab operation led by the Saudis. Whoever is at the helm clearly knows his business. Many of the fake dinars can scarcely be distinguished from the poor-quality, blue and orange bills Iraq itself is printing at a furious rate to pay for reconstruction and military raises.

Coin World of 18 May 1992 added "CIA mum on counterfeit Iraqi currency." Richard Giedroyc went on to say in part:

Official of the U.S. Central Intelligence Agency are refusing comment on media reports that the agency has placed counterfeit Iraqi money into circulation in Iraq in an attempt to disrupt the economy and government. The undercover operation in Iraq is called "Operation Laundry." CIA media spokesman Mark Mansfield told Coin World "It is not our policy to comment on such allegations."

The highly respected London newspaper The Sunday Telegraph says that the CIA is quietly flooding Iraq with counterfeit money, especially, it is believed, 5, 25 and 50 dinar notes in an attempt to destabilize Saddam Hussein's government by making the money worth next to nothing.

The New York Times also wrote about the counterfeits in 17 May 1992. Some of their comments are:

Iraq's economy is the target of an American-led destabilization campaign to pour vast amounts of counterfeit currency into the country. The (Arab) officials, who insisted on not being identified, said the countries behind the separate counterfeiting operation included western nations, Saudi Arabia, Iran and Israel. "People joke about it and some have become experts in telling which denominations are printed in Israel, the United States or in Saudi Arabia", said an Iraqi who insisted on not being identified.

A Saudi official, who insisted on not being identified said, "All borders are being used."

Since no official is willing to be identified and every enemy of Iraq is mentioned as a possible counterfeiter, one might suspect that the Iraqi complaints are meant to explain away a corrupt system, internal counterfeiting of poorly made banknotes produced in Iraq, and a failing economy.

[dontlop]

ExamplesEdit

Swiss Franc

As the late-2000s global financial crisis hit Switzerland, the Swiss franc appreciated, “owing to a flight to safety and to the repayment of Swiss franc liabilities funding carry trades in high yielding currencies”. On March 12, 2009, the Swiss National Bank (SNB) announced that it intended to buy foreign exchange to prevent the Swiss franc from any further appreciation. Affected by the SNB purchase of Euros and US dollars, Swiss franc weakened from 1.48 against the euro to 1.52 in a single day. At the end of 2009, the currency risk seemed to be solved; the SNB changed its attitude to preventing substantial appreciation. Unfortunately, the Swiss franc began to appreciate again. Thus, the SNB stepped in one more time and intervened at a rate of more than CHF 30 billion per month. By the end of June 17, 2010, when the SNB announced the end of intervening, it had purchased an equivalent of USD 179 billion of Euros and US dollars, amounting to 33% of Swiss GDP.[6] Furthermore, in September 2011, the SNB influenced the foreign exchange market again, and set a minimum exchange rate target of SFr 1.2 to the Euro.

Japanese Yen

From 1989 to 2003, the Japanese economy was suffering from a long deflationary period. On June 2003, over a 15 month period, the Japanese central bank intervened in the YEN/USD currency markets by creating over 35 trillion Yen of currency ("printing" money). This currency was then used to buy 320 billion U.S. dollars, which were in turn invested into U.S. treasuries. This increased the supply of yen, weakening the yen against the dollar, improving exports and lifting Japan out of a deflationary period. At the same time, the U.S. was lifted out of the 2001-2003 recession with the ability to keep interest rates low, despite growing trade and government deficits.[7][8]

Chinese Yuan

When a consumer in the U.S. buys a Chinese product, Chinese manufacturers are paid in US dollars. These U.S. dollars are then deposited in a U.S. bank account. At this point, the Chinese exporter needs to convert dollars into yuan. Through its commercial bank it sells the U.S. dollars to the Chinese central bank, the People's Bank of China. Since the trade between the United States and China does not balance, there is a shortage of yuan and a surplus of U.S. dollars in the Chinese central bank (therefore the Yuan must be 'created'). The usual remedy to this situation used in international trade would be for the Chinese central bank to sell its dollars on international currency markets and buy yuan in exchange, resulting in a self-correcting system: the U.S. dollar weakens and the Chinese yuan strengthens, until equilibrium is restored and the trade gap closes.

However, in order to avoid this situation (which would decrease Chinese exports), the Chinese central bank chooses a different solution: it slows the appreciation of the Yuan, or in some cases effectively pegs the CNY against the USD. The central bank net buys USD, then sterilizes the excess dollar flows by buying dollar-denominated assets, such as U.S. treasuries. This has the effect of keeping the excess dollars out of the currency exchange markets, where they would cause a correction in the exchange rates. Thus, the Chinese central bank manipulates the exchange rates by creating yuan and buying U.S. debt. This "printing" of Chinese Yuan by the central bank is not without consequence, however, since in excess (if yuan are created faster than domestic economic output) it would eventually lead to inflation, causing consumer prices to rise.[8][9]

United States and the Great Depression

During the 1920s, the U.S. government "sterilized" gold in-flows from Europe used to purchase products, in an effort to prevent the U.S. dollar from strengthening and hurting the export economy. This set the stage for the Great Depression, as it caused the money supply of gold in Europe to shrink (deflation).[10]

[ewingm]

Dontlop,  The M2 chart on the Opinions thread above shows an 8 Trillion dinar drop from Feb 2014  to March 2014.  Check the chart.  It was a one month drop of 8 Trillion dinar which represents a 10% drop in M2 in ONE month.  Something is strange here.

[dontlop]

Doesn't the USA have to buy back all those dollars

Ya say Iraq has to buy back all those dinars with dollars

Well

Iraq wants the USA to buy back all those dollars with dinars

What ?

What do ya mean they don't have to

Iraq gets paid dollars for oil and they want the USA to exchange them for dinars

What do ya mean the USA doesn't issue dinar?

Looks like the USA is gonna be needin a lot of dinar to exchange those dollars In for Iraq oil

Two can play that game

Iraq wants a hundred trillion dinar a year from the USA

Man they got to get these dinar on the foriegn exchange

It's all about credibility

Let's get that credit rating

The above article I posted explains how china does it

Edited May 20, 2014 by dontlop

[aitshioud]

For some if you good researchers I have a couple questions.

1 if the ISX is not delayed and goes live on the NASDAQ next month, do they need to have a credit rating to do that?

Also. Do they need to have a market driven currency or can they use this bs controlled rate?

Either way it's coming soon and I'm curious as to what the general opinion is.

[Maggie123]

To add to dontlop's post, assumptions are occurring about what everyone thinks. I know I have made a couple assumptions about the lopster theory that seems to be being disproved. Everyone has a right to think and believe as they wish, even if it is illogical. No one has a right to try to dictate to another.

 

[DragonChylde]

For some if you good researchers I have a couple questions.

1 if the ISX is not delayed and goes live on the NASDAQ next month, do they need to have a credit rating to do that?

Also. Do they need to have a market driven currency or can they use this bs controlled rate?

Either way it's coming soon and I'm curious as to what the general opinion is.

 

I am not a trader so can't say for sure. My instinct is that they would need something more than the dinar where it is at to be taken seriously. I would think the credit rating would be part of it but not sure. As I said, I am not a trader so I don't know how the NASDAQ works beyond making my investments.

[ewingm]

I can't add to the discussion.  I do not know what iraq needs to do to get ISX on the NASDAQ. or the credit rating.

[dontlop]

Maybe, but for every old dinar destroyed, they would need to replace it with a new one.  They need roughly 12 trillion "on the street" dinars to keep businesses going. They can't reduce that. Every dinar must be counted unless destroyed and not replaced.  That would reduce M2, but not to the tune of 6-8 trillion less.  This has got me baffled. Chalk one up for Dontlop.

No no

I want answers and I want them right now

No waiting

Just like you won't wait till after they even announce a currency exchange to find out where your going to cash out at

Your up baffled creek with no dinar to support you.

Paddle paddle paddle

Call the life boat

Your sinking

Hey what is up with the money supply dwindlization

I need to know today from you what's going on

No waiting to see April numbers

What's up

Paddle paddle paddle

[quadkidd1]

Watch out now...your bout to be rich! Better buy buy buy!!

K33p,

 

 

Just sit back and try to remain calm..................

Enjoy the rest of the ride...................

Refrain from anymore insults..................

K33p hands and feet inside the car till the ride comes to a full and complete stop..........................

 

 

Quad   

[rockfl9]

For some if you good researchers I have a couple questions.

1 if the ISX is not delayed and goes live on the NASDAQ next month, do they need to have a credit rating to do that?

Also. Do they need to have a market driven currency or can they use this bs controlled rate?

Either way it's coming soon and I'm curious as to what the general opinion is.

The ISX/ESX ARE NOT going to be listed on NASDAQ. That would require an IPO , and NASDAQ/SEC have specific procedures to do that which require months of disclosures. The announcement is that the ISX/ESX are purchasing the NASDAQ trading systems (computers and software ). Obviously still good news as it should streamline the investment process.

[dontlop]

They go live in july

Iraq has been buying Nasdaq equipment and software since 2007

6th paragraph down

ISX. .. has the most successful Ipo in the Middle East right now

The NASDAQ OMX Group, Inc.Press releaseThe Iraq Stock Exchange Upgrades to NASDAQ OMX's X-Stream TechnologyNEW YORK and BAGHDAD, Iraq, 2013-06-28 13:00 CEST (GLOBE NEWSWIRE) -- The

NASDAQ OMX Group (Nasdaq:NDAQ) has entered an agreement with the Iraq Stock

Exchange (ISX) to upgrade its current trading platform. Under the terms of the

agreement, ISX will replace its existing NASDAQ OMX platform (Horizon) with one

powered by the renowned X-stream technology. The upgrade is expected to be

rolled out by mid-year 2014.

"We are committed to becoming one of the most innovative and groundbreaking

exchanges, in the Middle East and across the world," said Taha A. Abdulsalam,

CEO, Iraq Stock Exchange. "Upgrading our trading technology and continuing our

partnership with NASDAQ OMX is a clear indication to investors, regulators and

other exchanges that Iraq will continue to become a financial center for more

regional and global businesses."

The upgrade to X-stream will provide ISX with a widely deployed high-end,

multi-asset trading platform that complies with international standards. The

migration to X-stream is a step in ISX's ambition to become a Middle Eastern

hub, able to host and facilitate other regional markets. NASDAQ OMX has

delivered trading technology to ISX since 2007.

"We congratulate the Iraq Stock Exchange on their commitment to a trading

platform that is certain to put them at the technology forefront of exchanges

in the Middle East," Lars Ottersgard, Senior Vice President, Market Technology,

NASDAQ OMX. "The upgrade to X-stream technology will equip ISX with a

sophisticated and robust trading platform that increases investor involvement

both in the Middle East and internationally."

In less than a decade, traded shares in ISX increased almost 10-fold, to more

than 1.2 billion traded shares expected in 2013, while market capitalization

increased more than seven times over the same period to over $12,170 billion

USD in the first six months of 2013 alone.

"We are extremely proud to support ISX's positive development and their vision

to provide a well-recognized marketplace in the region," said Michèle Carlsson,

Head of Business Development, Middle East and Africa, NASDAQ OMX. "ISX recently

implemented one of the most successful IPOs in the Middle East and by upgrading

to our X-stream technology, ISX will be running a resilient market place that

will attract both Iraqi and international investors."

NASDAQ OMX's X-stream technology is currently used by over 25 exchanges

globally.

About NASDAQ OMX:

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels

economies and provides transformative technologies for the entire lifecycle of

a trade - from risk management to trade to surveillance to clearing. In the

U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central

securities depositories supporting equities, options, fixed income,

derivatives, commodities, futures and structured products. Able to process more

than 1 million messages per second at sub-40 microsecond speeds with 99.99%

uptime, our technology drives more than 70 marketplaces in 50 developed and

emerging countries into the future, powering 1 in 10 of the world's securities

transactions. Our award-winning data products and worldwide indexes are the

benchmarks in the financial industry. Home to approximately 3,400 listed

companies worth $6 trillion in market cap whose innovations shape our world, we

give the ideas of tomorrow access to capital today. Welcome to where the world

takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn

more, visit www.nasdaqomx.com. Follow us on Facebook (

http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx).

(Symbol: NDAQ and member of S&P 500)

About Iraq Stock Exchange

Iraq stock exchange (ISX) was established according to law 74 on April 18, 2004

and began trading on June 24, 2004, ISX held its 1st session on June 24th 2004

using manual trading, written auction on white boards, orders get executed in

the specified units either partially or in full, priorities are given to

highest price in the buy orders and the lowest prices in the sell orders, since

24th Jun 2004 till 19th April 2009.

To enable companies to trade electronically, Electronic trading was introduced

to the market for the first time in the history of Iraq by using NASDAQ OMX

platform in April 2009, The White boards have been replaced by Electronic

trading workstations. ISX operates 5 trading sessions on Sunday, to Thursday

every week.

According to the regulation rules, ISX tasks include: Regulating, controlling,

disclosing, and launching continuous trading on listed company's shares, in

addition to controlling both trading operations and activities of Brokerage

Companies financial solvency.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made

under the Safe Harbor provisions of the Private Securities Litigation Reform

Act of 1995. These statements include, but are not limited to, statements about

X-stream and NASDAQ OMX's other products and offerings. We caution that these

statements are not guarantees of future performance. Actual results may differ

materially from those expressed or implied in the forward-looking statements.

Forward-looking statements involve a number of risks, uncertainties or other

factors beyond NASDAQ OMX's control. These factors include, but are not limited

to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic

reports filed with the U.S. Securities and Exchange Commission. We undertake no

obligation to release any revisions to any forward-looking statements.

NDAQG

CONTACT: NASDAQ OMX Media Contact:

Ryan Wells

(212) 231-5541 (office)

(646) 581-4286 (mobile)

Ryan.Wells@NASDAQOMX.com

Iraq Stock Exchange Media Contact:

Jimmy Afham Toma

+ 964 7703 995 610 (office)

info-isx@isx-iq.net

Call them up and tell them they are wrong

Edited May 24, 2014 by dontlop

[rockfl9]

The IPO mentioned was for a client company ... THE ISX doesn't need an IPO it is a co-operative owned by the members of the ISX. As a co-op the stock in the ISX is closed, only traded to/from members.

[keepmwlknfny]

The IPO mentioned was for a client company ... THE ISX doesn't need an IPO it is a co-operative owned by the members of the ISX. As a co-op the stock in the ISX is closed, only traded to/from members.

You will have to excuse the copy and paste king....He rarely understands what he copies and pastes before doing so....

[dontlop]

For the rest of you who can read

The 6th paragraph

Just read between the quotation marks

"ISX recently

implemented one of the most successful IPOs in the Middle East and by upgrading

to our X-stream technology, ISX will be running a resilient market place that

will attract both Iraqi and international investors."

Read more: http://dinarvets.com/forums/index.php?/topic/177695-whnt-news-world-is-starting-to-learn/page-25#ixzz32g0GqSSa

[dontlop]

The IPO mentioned was for a client company ... THE ISX doesn't need an IPO it is a co-operative owned by the members of the ISX. As a co-op the stock in the ISX is closed, only traded to/from members.

Your right they were referring to asiacell Edited May 24, 2014 by dontlop

[ewingm]

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ.  You boys are putting me to sleeeeeeeep!

[dinarbeleiver]

 

I'm trying to get an intelligent debate going.  We are discussing the RV.  I have heard from two dinarians on why they got in.  Neither said it was due to making millions.  With the high risk, and I'm convinced that very few dinarians knew the risks when they bought in,, knowing what you know now, would you still throw thousands of dollars into dinars.  I know that most people I know who own dinars are still locked in tighter than an Alabama tick, even with all the LOP talk.  Are the rest of you dinarians in that camp?

 Im chucking in as much money as I can