IMF received 100 bil of US bailout

[hot2bewe]

Funny how this has gone overlooked.

http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost

Notice also there was 582 bil Foreign CB Liquidity swaps. All of this has been overlooked by all the so called Gurus. Notice how the Liquidity swaps are not outstanding but the 100 bil from the IMF is. There is so much more going on then just Iraq and us wanting a RV and I stress wanting. Everyone of these so called Gurus seems to be overlooking the bigger picture. 19 countries Rv'ing all at the same time, what a joke. GE saying they won't begin to do work until there is a reconizable currency, last time I checked even though the Dinar is not reconized globally it is still traded. After all how did we all get our Dinar. Loans from the US,IMF and world bank.

I want everyone to look at this link: http://www.kanabona.com/kanabona/?q=energy_cost_of_oil_production

Where is the cheapest oil production cost. HMMMMMMM, the middleeast. What has been the really only development in IRAQ, hmmmmmmmmmmm oil contracts. The cost of production of oil has gone up huge in the last 7 years and do you notice when the increases began, 2003. Everyone says the world has been ran by oil just like in the past tea, sugar and tobacco. So naturally corporations are going to look out for themselves and look for that profit. Why would any of these large oil companies want a RV in Iraq. If a RV happens the cost of oil production goes up, once again costing them more money. You want to know why the RV has been delayed click the links do the math and there is your answer. Look at the break even prices. If Iraq wants to make money from a economic standpoint they are better off not RV'ing. Political bickering between Iraqi parties, nothing but a bunch of rabid dogs fighting over scraps. Their country is being sold off at the flea market. Can no one really see this are we just being blinded by the hope of making a ton of money. I really thought there would be some kind of RV by mid July. Not because of GE contracts but because of civil unrest. The corporations of the world don't care about the Iraqi people, they car about cheap oil. We will not see any kind of increase until the people have been pushed to the brink. Yet we are close to that there appears to be a little more unrest to cause. Obama saying the national debt to be paid off in 3 years, hmmmmm. I don't think so. So many read into to much and don't understand what is really happening, the bigger plans at hand. World unrest is what they need to achieve their goals. A chaotic state is what they want. Wait and see it will get worse. This is not a prediction but a brief outline of what will come.

[mrparrot]

GE saying they won't begin to do work until there is a reconizable currency

Don't get too hung up on the GE thing.

Iraq could always reach into their reserves and

convert gold to Yen and pay GE that way.

I really don't think GE cares which currency is

used, as long as it's recognized on the world market.

***mrparrot hands out umbrellas and towels to the

people who just had their parade rained on***

[FloridaChick]

hot2B thanks for the post. And... mrparrot... You're cracking me up at 2 in the morning!

[keepmwlknfny]

Funny how this has gone overlooked.

http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost

Notice also there was 582 bil Foreign CB Liquidity swaps. All of this has been overlooked by all the so called Gurus. Notice how the Liquidity swaps are not outstanding but the 100 bil from the IMF is. There is so much more going on then just Iraq and us wanting a RV and I stress wanting. Everyone of these so called Gurus seems to be overlooking the bigger picture. 19 countries Rv'ing all at the same time, what a joke. GE saying they won't begin to do work until there is a reconizable currency, last time I checked even though the Dinar is not reconized globally it is still traded. After all how did we all get our Dinar. Loans from the US,IMF and world bank.

I want everyone to look at this link: http://www.kanabona.com/kanabona/?q=energy_cost_of_oil_production

Where is the cheapest oil production cost. HMMMMMMM, the middleeast. What has been the really only development in IRAQ, hmmmmmmmmmmm oil contracts. The cost of production of oil has gone up huge in the last 7 years and do you notice when the increases began, 2003. Everyone says the world has been ran by oil just like in the past tea, sugar and tobacco. So naturally corporations are going to look out for themselves and look for that profit. Why would any of these large oil companies want a RV in Iraq. If a RV happens the cost of oil production goes up, once again costing them more money. You want to know why the RV has been delayed click the links do the math and there is your answer. Look at the break even prices. If Iraq wants to make money from a economic standpoint they are better off not RV'ing. Political bickering between Iraqi parties, nothing but a bunch of rabid dogs fighting over scraps. Their country is being sold off at the flea market. Can no one really see this are we just being blinded by the hope of making a ton of money. I really thought there would be some kind of RV by mid July. Not because of GE contracts but because of civil unrest. The corporations of the world don't care about the Iraqi people, they car about cheap oil. We will not see any kind of increase until the people have been pushed to the brink. Yet we are close to that there appears to be a little more unrest to cause. Obama saying the national debt to be paid off in 3 years, hmmmmm. I don't think so. So many read into to much and don't understand what is really happening, the bigger plans at hand. World unrest is what they need to achieve their goals. A chaotic state is what they want. Wait and see it will get worse. This is not a prediction but a brief outline of what will come.

Sounds to me that you have been reading too many chats by these so called "gurus" and not actually paying attention to the facts and doing your own reading and research......of course there isent going to be 19 countries RVing at the same time, thats just ridiculous to think of in the first place.....that they would all get together and say "hey, you know what lets all do this at once and amaze the world" every country is different and to even think that the IDQ and VND will RV at the same time is a little off....they are still two different countries and there is not a plot to keep people from "double dipping".....currency trading happens all day everyday and countries dont get together to see how they can keep investors from making any money.....now as far as this GE thing, no one ever said it was GE waiting for contracts to be paid to continue work....again if you read and do research for yourself someone else came up with that idea from what Sonny1 predicted just because they saw an article about GE doing work in Iraq and they just ASSUMED that it was GE everyone was talking about waiting to get paid....regardless Iraq has many ways of paying buisness contracts without absolutely having to RV...I do believe that Sonny1 got some credible information about contracts being paid but that doesnt mean 100% that Iraq will have to RV or that they will on a certain date, because this isent about a certain date that this will happen....it will happen when they accomplish what needs to be done first before being able to RV/RI.....its a long process and its been planned for years now and there isent much that will keep this "plan" from unfolding....now about the oil issue and you believing that they are better off NOT raising the value of their currency.....if my memory serves me correct, Iraq would benefit tremendously from a higher value currency....especially if its higher then they countries buying oil from them.....when you are exporting lets say oil to a country that has a lower valued currency then you, they end up paying MORE to get that exported to their country....if you shoot high and have one of the most valued currencies in the world then EVERYONE is paying MORE to get that oil from you....not to mention it works to their advantage in the other direction too....If Iraq has a higher valued currency then who they are buying imported goods from, they are paying LESS then what they normally would to get outside products and goods imported into their country....having a higher valued currency does not mean that the price of production will go up....that stays the same and for Iraq, it will stay very cheap to produce because they dont have to really drill deep for it....production prices will stay low and the amount of profit will go up if they RV because other countries will be paying MORE just to get it exported from Iraq.....they only stand to benefit tremendously from a RV/RI......this isent about pushing the iraqis to the brink before they RV....it has been in the works for 7 years now and there isent anything really thats going to keep it from happening....now as far as your links above, they probly havent been mentioned that much because to me anyways I dont see a whole lot of importance as regarding the IDQ and their progress of restoring wealth to their country....Iraq is on track to being a prosperous nation again....its just a matter of time....and no matter what the IMF has done for other countries or what they pay is going to hold Iraq back from the progress they are making, they are in control of themselves....and slowly but surely they will accomplish what they have set out to do....I hope that this might shed some light for you as to what you are thinking and the doubts you are having in your head....I personally wouldnt read so much into other chats because thats what gets alot of people wound up and let down time and time again....no offense to anyone but some of those are just shows to get people to come back and read them and follow them again day after day.....after awhile people get fed up and flip when there really is no reason to....the RV/RI will happen....we will all be glad that we have invested in the dinar and we will end up looking back and laughing at some of the silly things that were said from time to time....so just enjoy this time, sit back, and just watch the progress of them forming their govt because that is the single, most important thing for them to do right now and it will only lead to better things down the road for them and for us.....stop looking at dates as deadlines for an RV/RI and look at them as dates of progress and dates of the next step on the staircase to them raising the value of their currency......because thats all they are.....GO IRAQ!!!

[tampa1000]

So what are you trying to say hot2bewe???

[camerascott]

Sounds to me that you have been reading too many chats by these so called "gurus" and not actually paying attention to the facts and doing your own reading and research......of course there isent going to be 19 countries RVing at the same time, thats just ridiculous to think of in the first place.....that they would all get together and say "hey, you know what lets all do this at once and amaze the world" every country is different and to even think that the IDQ and VND will RV at the same time is a little off....they are still two different countries and there is not a plot to keep people from "double dipping".....currency trading happens all day everyday and countries dont get together to see how they can keep investors from making any money.....now as far as this GE thing, no one ever said it was GE waiting for contracts to be paid to continue work....again if you read and do research for yourself someone else came up with that idea from what Sonny1 predicted just because they saw an article about GE doing work in Iraq and they just ASSUMED that it was GE everyone was talking about waiting to get paid....regardless Iraq has many ways of paying buisness contracts without absolutely having to RV...I do believe that Sonny1 got some credible information about contracts being paid but that doesnt mean 100% that Iraq will have to RV or that they will on a certain date, because this isent about a certain date that this will happen....it will happen when they accomplish what needs to be done first before being able to RV/RI.....its a long process and its been planned for years now and there isent much that will keep this "plan" from unfolding....now about the oil issue and you believing that they are better off NOT raising the value of their currency.....if my memory serves me correct, Iraq would benefit tremendously from a higher value currency....especially if its higher then they countries buying oil from them.....when you are exporting lets say oil to a country that has a lower valued currency then you, they end up paying MORE to get that exported to their country....if you shoot high and have one of the most valued currencies in the world then EVERYONE is paying MORE to get that oil from you....not to mention it works to their advantage in the other direction too....If Iraq has a higher valued currency then who they are buying imported goods from, they are paying LESS then what they normally would to get outside products and goods imported into their country....having a higher valued currency does not mean that the price of production will go up....that stays the same and for Iraq, it will stay very cheap to produce because they dont have to really drill deep for it....production prices will stay low and the amount of profit will go up if they RV because other countries will be paying MORE just to get it exported from Iraq.....they only stand to benefit tremendously from a RV/RI......this isent about pushing the iraqis to the brink before they RV....it has been in the works for 7 years now and there isent anything really thats going to keep it from happening....now as far as your links above, they probly havent been mentioned that much because to me anyways I dont see a whole lot of importance as regarding the IDQ and their progress of restoring wealth to their country....Iraq is on track to being a prosperous nation again....its just a matter of time....and no matter what the IMF has done for other countries or what they pay is going to hold Iraq back from the progress they are making, they are in control of themselves....and slowly but surely they will accomplish what they have set out to do....I hope that this might shed some light for you as to what you are thinking and the doubts you are having in your head....I personally wouldnt read so much into other chats because thats what gets alot of people wound up and let down time and time again....no offense to anyone but some of those are just shows to get people to come back and read them and follow them again day after day.....after awhile people get fed up and flip when there really is no reason to....the RV/RI will happen....we will all be glad that we have invested in the dinar and we will end up looking back and laughing at some of the silly things that were said from time to time....so just enjoy this time, sit back, and just watch the progress of them forming their govt because that is the single, most important thing for them to do right now and it will only lead to better things down the road for them and for us.....stop looking at dates as deadlines for an RV/RI and look at them as dates of progress and dates of the next step on the staircase to them raising the value of their currency......because thats all they are.....GO IRAQ!!!

that was very well put and makes perfect sense. i dont know what hot2bewe was trying to say. but i agree they would definitely profit of an ri/rv. great post keep.

[hot2bewe]

Sounds to me that you have been reading too many chats by these so called "gurus" and not actually paying attention to the facts and doing your own reading and research......of course there isent going to be 19 countries RVing at the same time, thats just ridiculous to think of in the first place.....that they would all get together and say "hey, you know what lets all do this at once and amaze the world" every country is different and to even think that the IDQ and VND will RV at the same time is a little off....they are still two different countries and there is not a plot to keep people from "double dipping".....currency trading happens all day everyday and countries dont get together to see how they can keep investors from making any money.....now as far as this GE thing, no one ever said it was GE waiting for contracts to be paid to continue work....again if you read and do research for yourself someone else came up with that idea from what Sonny1 predicted just because they saw an article about GE doing work in Iraq and they just ASSUMED that it was GE everyone was talking about waiting to get paid....regardless Iraq has many ways of paying buisness contracts without absolutely having to RV...I do believe that Sonny1 got some credible information about contracts being paid but that doesnt mean 100% that Iraq will have to RV or that they will on a certain date, because this isent about a certain date that this will happen....it will happen when they accomplish what needs to be done first before being able to RV/RI.....its a long process and its been planned for years now and there isent much that will keep this "plan" from unfolding....now about the oil issue and you believing that they are better off NOT raising the value of their currency.....if my memory serves me correct, Iraq would benefit tremendously from a higher value currency....especially if its higher then they countries buying oil from them.....when you are exporting lets say oil to a country that has a lower valued currency then you, they end up paying MORE to get that exported to their country....if you shoot high and have one of the most valued currenci,es in the world then EVERYONE is paying MORE to get that oil from you....not to mention it works to their advantage in the other direction too....If Iraq has a higher valued currency then who they are buying imported goods from, they are paying LESS then what they normally would to get outside products and goods imported into their country....having a higher valued currency does not mean that the price of production will go up....that stays the same and for Iraq, it will stay very cheap to produce because they dont have to really drill deep for it....production prices will stay low and the amount of profit will go up if they RV because other countries will be paying MORE just to get it exported from Iraq.....they only stand to benefit tremendously from a RV/RI......this isent about pushing the iraqis to the brink before they RV....it has been in the works for 7 years now and there isent anything really thats going to keep it from happening....now as far as your links above, they probly havent been mentioned that much because to me anyways I dont see a whole lot of importance as regarding the IDQ and their progress of restoring wealth to their country....Iraq is on track to being a prosperous nation again....its just a matter of time....and no matter what the IMF has done for other countries or what they pay is going to hold Iraq back from the progress they are making, they are in control of themselves....and slowly but surely they will accomplish what they have set out to do....I hope that this might shed some light for you as to what you are thinking and the doubts you are having in your head....I personally wouldnt read so much into other chats because thats what gets alot of people wound up and let down time and time again....no offense to anyone but some of those are just shows to get people to come back and read them and follow them again day after day.....after awhile people get fed up and flip when there really is no reason to....the RV/RI will happen....we will all be glad that we have invested in the dinar and we will end up looking back and laughing at some of the silly things that were said from time to time....so just enjoy this time, sit back, and just watch the progress of them forming their govt because that is the single, most important thing for them to do right now and it will only lead to better things down the road for them and for us.....stop looking at dates as deadlines for an RV/RI and look at them as dates of progress and dates of the next step on the staircase to them raising the value of their currency......because thats all they are.....GO IRAQ!!!

I always pay attention to the facts. Why do you think I laughed at the 19 country RV. Do you think I pulled those links out of no where, maybe it was research. Don't mean to come of rude. Exactly on GE. Iraq doesn't have to RV to pay GE, they have plenty of tradable currency that they can use to pay for the work. This was the only thing you said I agree with. Again I laughed when sonny started talking about the whole 07/26 contract thing even before GE was brought into the picture. You were reading into my whole GE mention a little bit to much without I think reading what I even said, or maybe just understanding it. Again not trying to be rude. Now for the rest of your statement. Ok if a country like Iraq where to RV and their currency rises what will that do to wages? Not hard, wages will go up. Do you really think a RV would take place and wages would not go up. If you do then you are very naive. So if wages rise what would that do to the production cost of a barrel of oil. Ummmm it would go up. Now for their currency being higher and exporting oil. The exchange rate of a currency has nothing to do with a contract price on a barrel of oil. That price is set by a little thing called the commodities exchange. So if oil is selling for 70 usd barrel it's selling for 70 usd. Now lets say the Dinar RV's at say 2 bucks per dollar. If the Dinar is valued more then the dollar and they receive 70 dollars a barrel and the dollar is worth less then the dinar how is that a benefit. Again the exchange rates have no effect on the price of oil. What you just said or implied is that if the Dinar RV's to say 2 dollars and oil is 70 dollars a barrel the US will have to pay 140 a barrel, and the answer is no they still pay 70 dollars a barrel. Just think about what you said and use simple economics and maybe a little understanding of the commodities markets might help. So if there is a RV the cost of a barrel of oil production would go higher because of higher wages. Hence the oil contracts. Here's some research for you. When a company like say Exxon negotiates a oil contract the production cost is built into that contract. So if Iraq signs a oil contract with them saying 6 dollars a barrel for production then it has to remain at 6 dollars a barrel till the end of the contract. Even if wages go up and naturally with a RV they would. Just like in any other country that has already RV'd in the past. So, no you did not shed any light for me. If they RV will it give them more purchasing power, of coarse. Iraq though is not in control of their own destiny, again you're very naive. As I never really look at any of these so called Gurus predictions with nothing but giggles. I hope you now understand a little better where I stand on that front. I don't get mad when dates come and go I just laugh. As I said Iraq has not and is not in control of the RV. When all the oil, natural gas, infrastructure and other projects have been signed we will see the RV. Why because all the costs will already be built into the contracts which were originally signed when the Dinar was only worth 1170 per dollar and the wages were figured at that price. In short the corporations are in control of the RV and there is nothing else to be said.

[keepmwlknfny]

I always pay attention to the facts. Why do you think I laughed at the 19 country RV. Do you think I pulled those links out of no where, maybe it was research. Don't mean to come of rude. Exactly on GE. Iraq doesn't have to RV to pay GE, they have plenty of tradable currency that they can use to pay for the work. This was the only thing you said I agree with. Again I laughed when sonny started talking about the whole 07/26 contract thing even before GE was brought into the picture. You were reading into my whole GE mention a little bit to much without I think reading what I even said, or maybe just understanding it. Again not trying to be rude. Now for the rest of your statement. Ok if a country like Iraq where to RV and their currency rises what will that do to wages? Not hard, wages will go up. Do you really think a RV would take place and wages would not go up. If you do then you are very naive. So if wages rise what would that do to the production cost of a barrel of oil. Ummmm it would go up. Now for their currency being higher and exporting oil. The exchange rate of a currency has nothing to do with a contract price on a barrel of oil. That price is set by a little thing called the commodities exchange. So if oil is selling for 70 usd barrel it's selling for 70 usd. Now lets say the Dinar RV's at say 2 bucks per dollar. If the Dinar is valued more then the dollar and they receive 70 dollars a barrel and the dollar is worth less then the dinar how is that a benefit. Again the exchange rates have no effect on the price of oil. What you just said or implied is that if the Dinar RV's to say 2 dollars and oil is 70 dollars a barrel the US will have to pay 140 a barrel, and the answer is no they still pay 70 dollars a barrel. Just think about what you said and use simple economics and maybe a little understanding of the commodities markets might help. So if there is a RV the cost of a barrel of oil production would go higher because of higher wages. Hence the oil contracts. Here's some research for you. When a company like say Exxon negotiates a oil contract the production cost is built into that contract. So if Iraq signs a oil contract with them saying 6 dollars a barrel for production then it has to remain at 6 dollars a barrel till the end of the contract. Even if wages go up and naturally with a RV they would. Just like in any other country that has already RV'd in the past. So, no you did not shed any light for me. If they RV will it give them more purchasing power, of coarse. Iraq though is not in control of their own destiny, again you're very naive. As I never really look at any of these so called Gurus predictions with nothing but giggles. I hope you now understand a little better where I stand on that front. I don't get mad when dates come and go I just laugh. As I said Iraq has not and is not in control of the RV. When all the oil, natural gas, infrastructure and other projects have been signed we will see the RV. Why because all the costs will already be built into the contracts which were originally signed when the Dinar was only worth 1170 per dollar and the wages were figured at that price. In short the corporations are in control of the RV and there is nothing else to be said.

I only mentioned the GE thing because you threw it in your post like 5 billion times so it seemed to me that you were kinda stuck on that issue....sorry for going off of what you mentioned most in your post....anways to continue, your speaking of if the currency goes up in value then wages go up? well lets look at it this way....if your making lets say 100,000 dinar now a month and the currency value goes up, to reach that same value that you were being paid before (value as in purchasing power) you would actually need to pay out less to reach the same "valued amount" because you wouldnt need to recieve 100,000 dinar to get that same value as you were being paid before, to get the same purchasing power that you had before you would recieve less dinar, but since the value went up it actually almost works out to be the same in the long run....it all balances out when you change the value of a currency....even when purchasing things....if a loaf of bread costs 3,000 dinar before and now its only 3 dinar, you are paying less, everything you need to buy to live goes down in price so for you to recieve twice of what your making before just because the value of the currency goes up is overkill....do you see what I am getting at? you will recieve LESS dinar physically, but the value of your dinar is more then what is was so the purchasing power of the dinar goes way up, NOT your actual salary....they are getting paid more physical dinar now to make up for the lack of purchasing power....but when the value skyrockets, you wont need that same amount or even more to continue living day to day....there is a big difference in value and purchasing power and what they would be recieving as salaries....so in essence, it wouldnt drive up the costs of producing oil just for raising the value of a currency....it all balances out....they will get paid less but the purchasing power is what goes way up....ok now for the oil prices...there is a reason why its all done in US dollars....im not saying that if it revalues and their cost is 70 a barrel that we will end up paying 140.....its done in US dollars for a reason because that price in US dollars is the SAME for everyone....but what it takes each country to get to that 70 US dollars is whats different....thats where a countries currency value comes into play.....a lower valued country has to pay more of their own currency to equal out to that 70 a barrel then as would another country that is closer to par on the US dollar....so yes your right a countries exchange rate has nothing to do with the contract price of a barrel of oil because its all laid out in US dollars, they do that to make these transactions and contracts easier to deal with and pay because of the widespread use of the dollar...its a set rate that doesnt change much and is what most countries peg their own currency to....Im not quite sure why you believe that Iraq has no control over their destiny or the RV because alot of it depends on Iraq coming together and preparing themselves to be able to handle such a process.....yes they are still under sanctions from the UN, and the world bank and IMF have some to do with this process as well but Shabibi has been given control again of the exchange rate of the Dinar, but he must be sure that the IMF and World bank so to speak pave the way so that he can raise the value and things will be in place and in order to handle it....so yes so to speak someone else has the keys but in the end shabibi now has the control of releasing it....I hope that the way I explained the wages and salaries was in such that you could understand what I was saying....its really more simple then what your letting it be....

[keepmwlknfny]

I only mentioned the GE thing because you threw it in your post like 5 billion times so it seemed to me that you were kinda stuck on that issue....sorry for going off of what you mentioned most in your post....anways to continue, your speaking of if the currency goes up in value then wages go up? well lets look at it this way....if your making lets say 100,000 dinar now a month and the currency value goes up, to reach that same value that you were being paid before (value as in purchasing power) you would actually need to pay out less to reach the same "valued amount" because you wouldnt need to recieve 100,000 dinar to get that same value as you were being paid before, to get the same purchasing power that you had before you would recieve less dinar, but since the value went up it actually almost works out to be the same in the long run....it all balances out when you change the value of a currency....even when purchasing things....if a loaf of bread costs 3,000 dinar before and now its only 3 dinar, you are paying less, everything you need to buy to live goes down in price so for you to recieve twice of what your making before just because the value of the currency goes up is overkill....do you see what I am getting at? you will recieve LESS dinar physically, but the value of your dinar is more then what is was so the purchasing power of the dinar goes way up, NOT your actual salary....they are getting paid more physical dinar now to make up for the lack of purchasing power....but when the value skyrockets, you wont need that same amount or even more to continue living day to day....there is a big difference in value and purchasing power and what they would be recieving as salaries....so in essence, it wouldnt drive up the costs of producing oil just for raising the value of a currency....it all balances out....they will get paid less but the purchasing power is what goes way up....ok now for the oil prices...there is a reason why its all done in US dollars....im not saying that if it revalues and their cost is 70 a barrel that we will end up paying 140.....its done in US dollars for a reason because that price in US dollars is the SAME for everyone....but what it takes each country to get to that 70 US dollars is whats different....thats where a countries currency value comes into play.....a lower valued country has to pay more of their own currency to equal out to that 70 a barrel then as would another country that is closer to par on the US dollar....so yes your right a countries exchange rate has nothing to do with the contract price of a barrel of oil because its all laid out in US dollars, they do that to make these transactions and contracts easier to deal with and pay because of the widespread use of the dollar...its a set rate that doesnt change much and is what most countries peg their own currency to....Im not quite sure why you believe that Iraq has no control over their destiny or the RV because alot of it depends on Iraq coming together and preparing themselves to be able to handle such a process.....yes they are still under sanctions from the UN, and the world bank and IMF have some to do with this process as well but Shabibi has been given control again of the exchange rate of the Dinar, but he must be sure that the IMF and World bank so to speak pave the way so that he can raise the value and things will be in place and in order to handle it....so yes so to speak someone else has the keys but in the end shabibi now has the control of releasing it....I hope that the way I explained the wages and salaries was in such that you could understand what I was saying....its really more simple then what your letting it be....of course wages could go up and maybe they will but not to the extent of doubling and tripling what they are now....all this stuff has been planned and figured into these contracts and plans so i dont think its goin to have that big of an affect of the price of production for them...especially because of how cheap it is to produce since its barely under the surface....prices should remain pretty stable....all of this has been figured for years into this plan for the RV/RI....and its not going to slow things down now thats for sure.....just wait and see what happens in the next couple of weeks with the meetings in parliment and we should have a better idea of WHEN this might come to surface....

[carolina.broker]

Actually... I never bought into all the currency RV talk either and there are more glaring issues besides the elections. There is one poster who I think does his homework outside of the normal... who will be the next PM and then it will RV talk and that's scooter. (see below) I love scooter's posts, because in essence, until Iraq banks are brought up to international standards and there is a budget in place with proper accounting and accountability... no rv will happen.

* Scooter chat: dont promote other sites 7/5/10

July 5, 2010 · Posted in CHATS / POSTS

[scooter] Good Evening Folks,

[scooter] I hope all had a wonderful and safe July 4th!

[scooter] There’s a couple of announcements I would like to make before beginning tonights dialog

[scooter] One, I wish to congratulate DBCooper, VoodooWar, and Tenmillion on the acquisition of the site!! They are tremendous people and I’m honored to call them friends!!! I suspect we’ll see great things from the site moving forward! Congrats again!!

[scooter] Two – I am undergoing an acquisition of my own this week so I will be in the midst of that transition . As a result, I won’t be here too much this next week but will resume full throttle the following week. I’ll be in the room, but they’ll be Drive-By’s and very short

[scooter] Now, to the topics for tonight – “What Exactly Happened on June 30th, 2010?

[scooter] 1. World Bank Activities

[scooter] 2. IMF Activities

[scooter] 3. Minister of Finance Activities

[scooter] 4. US Treasury Activities

[scooter] Here we go —

[scooter] World Bank DPL — Page 111

[scooter] http://www-wds.worldbank.org/externa…0Use0Only1.pdf

[scooter] Iii. Financing and accounting

[scooter] A. Restructuring the balance sheets (including inherited debts and losses) On-going process

http:// www.theiraqidinar.com/scooter-chat-dont promote other sites-7510/comment-page-1/#comment-12851 I am not sure if I need permission to post the entire thread, so I created a link.

[hot2bewe]

Keepmw - First of all 1 time and 5 bil have a pretty big spread between them. I thnk you need to go look at previous RV's and L O P's historically. In any RV or L O P the local currency has been killed so that foreign companies can come in and build, buy and invest at a lower cost to them. Jamaica, Romania, Turkey the list goes on and on. By devaluing the local currency it creates a non-competetive environment. Look at the local farmers in Jaimaica. You would think they could grow their own food cheaper then buying it from another country. But because the IMF and World Bank forced the devaluation of their currency it made local goods more expensive then imported ones. This sort of thing has happened time and time again. All you need to do is read and research. As far as the costs of goods and wages are concerned I think some of what you said or were rambling about is correct. If a person is making 100k dinar a month and the rate goes to 2 they will not get 200k dinar a month. Now the actual avg salary in Iraq is about 266 us a month and 3200 us a year. Now if you think a loaf of bread cost 3 dollars right now, then again very naive. Prices will reflect wages. They can get a bag of samon(their staple bread) containing 40 rolls for about .50 us cents or a loaf of bread for about 10 cents. Try to do that in the US. A new release DVD is about 1.75 us. What I'm saying is that the actual cost of living in Iraq is very cheap because the wages are cheap. If wages go up the cost of living will go up, it's just common math. Yes once it said and done there will be less physical dinar, no one is disputing that. In the end configuring banking, wages, prices is a very complex thing. That's what I refered to if a person working in a oil field is making say 266 us a month and the dinar rv's their wages will follow. because now the dinar is worth more then the dollar. It's a very complex formula that they use to figure wages and the cost of goods. There will be a period of high inflation after the rv till they realize at what level the prices need to be at. This can take up to 5 years. It's very complex. This is why as I said until all the major contracts have been signed with the figures already wrapped into them we will not see a rv. The whole 5 year plan thing that came out in the news is good, because that tells me they are close to signing all the deals if they are looking at a 5 year project. I could go on and on but I think you get the jist of it. Go back and look historically at RV's and L O P's and look at the outsomes, you will see what I'm talking about.

[Doc31]

Thanks for the post

[hot2bewe]

Thanks for the post

Doc you're a pretty smart cookie and I enjoy your posts and input. What are your thoughts on the 582 bil Foreign CB Liquidity swaps already showing up as paid back. Now keep in mind this is the same deal that was done when the US originally invested in Iraq, just would like to hear you input on this.