RUDOLPH C. POST #3

[FishMan1969]

Why, Why, Why....?????

This is your third time posting this info. It really wastes people's efforts and time to go to read the same thing.

What is your intention by repeatedly posting the exact same info??

I just don't get it. I can only speculate why.????

[Inside Track]

Rudy, Great post and I appreciate the depth of your information.

I question, What is preventing the IQD from an RV in "country" prior to Basel III "global" particaption!

I understand and agree totally that this is not a decision of the GOI.

I personally have felt that the delays of forming a government really have not controlled this RV.

But I find myself puzzled at the this point! Why such delays???

[mhl0521]

the guy seems to have some good info....don't run him off.

[ShawnW]

It looks like the 2nd post was merged with the 1st. So does that count as 2 or 3? I am guessing that is causing some confusion as it did for me.

[BreakinDaBank]

the guy seems to have some good info....don't run him off.

IT IS THE EXACT SAME POST MAN....JUST WITH DIFFERENT TITLES!!! 3 times now in the last hour or so.

[2dinar1dong]

Well Then just do not read it again.I think he has insight on this ...Man

[2dinar1dong]

Well Then just do not read it again.I think he has insight on this ...Man

[deenar]

OK.....When someone has been a member of dv for this long, and has never posted their intel before, it makes me wonder why now? Why so much US politics?

[rudy1164]

OK.....When someone has been a member of dv for this long, and has never posted their intel before, it makes me wonder why now? Why so much US politics?

I am truly sorry for posting 3 times, I had multiple windows open on my mac and when I hit post it did it 2 times more. I did not mean to confuse anyone. But you guys are a tuff bunch to please, it seems here that any small mistake is issue for criticizing

and demeaning a person who is only trying to bring revelant information, makes a person think if its worth the effort, it seems its always the same 3 guys who have something negative to say, and you know who you are. so i will rethink this effort and make a decision

about posting here.

[quadraph0nic]

Well I don't know about you guys but I appreciate the information in his posts and little things like grammar or double posting shouldn't bother you but if you want to whine about all that, I guess you can...

[Pexring]

I am truly sorry for posting 3 times, I had multiple windows open on my mac and when I hit post it did it 2 times more. I did not mean to confuse anyone. But you guys are a tuff bunch to please, it seems here that any small mistake is issue for criticizing

and demeaning a person who is only trying to bring revelant information, makes a person think if its worth the effort, it seems its always the same 3 guys who have something negative to say, and you know who you are. so i will rethink this effort and make a decision

about posting here.

Please don't go away. You're a rare gem. Don't let those who have nothing better to do than count posts cause you to run.

[MimiAlso]

Rudy1164, thank you for your posts, for thinking OUTSIDE the box and for lending a fresh perspective! Much appreciated!

[BTSC2000]

I know it was in the post, but to avoid all this rumors coming out of iraq, I want viewers to not miss how important this is. it avoids confusion

[kox]

Rudy. Thanks for the info....I would just not pay any attention, there are a lot people that really appreciate your posts

[rudy1164]

Hey DEENAR, did you ever wonder why. Let me give you some reasons why i inform you about the U.S. Maybe this hasn't crossed your mind.

1: the U.S deficit of nearly 1trillion dollars spent on the war effort

2: the nearly 5000 soldiers who gave up there lives

3: the negative global critisizem of the U.S

4: our current investment, or are you a foreigner, don't you live here?

5: our current economic crisis that most are living thru, oh i forgot, you must be rich

ect ect ect.,

do you want me to go on, or do you want to continue bashing,

you see this is why people wont post here any more

rudolph

[BTSC2000]

Greetings Rudy...If the RV is coming out of Switzerland and it won't be announced in IRAQ...... what tool can we use to monitor it's progress? Thanks for your post(s)!

Edited September 20, 2010 by BTSC2000

[PNixon]

I don't know about anyone else but I am intelligent enough to see in about 2 seconds that it is a duplicate post, then I can close it if I like, no big freakin deal. Some people are just too high strung, & self important.

Thanks Rudy how about sending the next installment to the ones who haven't put themselves on your **** list:) ?

Paul Nixon

[BTSC2000]

WHY IS THIS POSTED 3 TIMES TONIGHT WITH DIFFERENT TITLES???? DUDE C'MON NOW PLEASE STOP POSTING THE SAME STUFF OVER AND OVER. THANKS!!!

R U Serious?

[tampa1000]

Please just for information, The dinar will not revalue in Iraq first, the revalue will come from BASEL, SWITZERLAND. That is the center for all MONETARY INSTRUMENTS. Does anyone remember the recent financial law BASEL III. PLEASE UNDERSTAND THERE WILL BE NO ANNOUCEMENT IN IRAQ ABOUT REVALUE, IT FIRST NEEDS TO GO THRU THE BASEL BANKING SYSTEM. I will explain in the next posting realistic information that will open your eyes to the functions of a tradable currency, and its steps to reach a true international monetary value and standing

Read more: http://dinarvets.com/forums/index.php?/topic/32843-rudolph-coenen-post-3/page__pid__199241__st__0entry199241#ixzz101jJfeo6

Thanks for sharing Rudy, keep it coming, God bless and GO RV!!!!!!!!!!

[racbluto]

I am truly sorry for posting 3 times, I had multiple windows open on my mac and when I hit post it did it 2 times more. I did not mean to confuse anyone. But you guys are a tuff bunch to please, it seems here that any small mistake is issue for criticizing

and demeaning a person who is only trying to bring revelant information, makes a person think if its worth the effort, it seems its always the same 3 guys who have something negative to say, and you know who you are. so i will rethink this effort and make a decision

about posting here.

Rudy don't pay any attention to the negitive comments. Every group has some who feel they have to complain, it makes them feel better about them selves. Judging from the comments I've seen you are well recieved here and much appreciated. Thank you for the shared wisdom and information. Bluto~~~~

[Raw]

Rudy if I understood your first post, are you anticipating an RV in roughly 3 weeks?

[BobbyToGo]

I am reiterating thoughts I related to the post of Rudy's lamenting his decision to post on this site:

Rudy,

It is the SUBSTANCE of your opinion which matters. I find what you put forward to be substantive, without a doubt, as it relates to our common interest in the Iraqi Dinar. Using logical progression while citing relevant support, reference and expert opinion material makes your perspective compelling. Some are legitimately skeptical and look for any reason to doubt you, pointing to your occasional misuse of syntax and spelling. Don't let that bother you. I know plenty of MBA's who can spell perfectly but don't know their *** from a hole in the ground. You are someone I want to 'hear out'. Keep posting, Rudy. Most of us here 'get it' and want to hear what you have to say.

[PNixon]

Swiss Forex

http://www.forexpros.com/currencies/usd-iqd-chart

[ProPlayr]

Thanks Rudy for your opinions. But after reading this : http://en.wikipedia.org/wiki/Central_bank I get the feeling that The Central bank of Iraq and only The Central bank of Iraq will determine when they will change there currency rates.. I will never bash you for your insights. I enjoy reading your posts.. Go RV...

[awish30]

HELLO EVERYONE

I hope everyone is having a good weekend. I send out blessing to all, and hope our dreams come true as soon as possible.

I have been reading many of the postings and questions, what has jumped out is why would i believe that our country only looks for those opportunities to profit or protect its way of life. Now remember i also served my country, and i love my constitution, serving and continuing to be an american citizen speaks for itself. I think i explained the meaning of "MONEY". Let me refresh your mind with what i previously posted

"Money is its own dictator, it manipulates for itsown benefit, money will do anything for its own profitable outcome, it has aninherit desire to create more money at any means, it will cross boundaries,break borders, create illusions and perceptions and bend truth to its ownconvenience, it will create, destroy,build up and tear down, and most of all itmakes the world go round and around "

I want you all to read this presentation that was given at the brooking institute, we all know it is one of the for-most think tanks in the world, a lot of policies come out of here, the gentleman who wrote it is a friend and a reknown author and professor.

the last two sentences, will blow you away. but please read the whole article. It will give you a better understanding of how important OIL, and MONEY are,

Now imagine if the Dinar was included into the basket of currencies that hold up the dollar value, I know that it will be included in our basket. It will not be part of the GCC basket, remember there are middle east gulf nations that are not(and don't want to be)part of the GCC. This article will prove how important the REVALUATION of the DINAR is, and what it means to us.

There is another posting coming, and it will truly open your eyes to our investment.

Please just for information, The dinar will not revalue in Iraq first, the revalue will come from BASEL, SWITZERLAND. That is the center for all MONETARY INSTRUMENTS. Does anyone remember the recent financial law BASEL III. PLEASE UNDERSTAND THERE WILL BE NO ANNOUCEMENT IN IRAQ ABOUT REVALUE, IT FIRST NEEDS TO GO THRU THE BASEL BANKING SYSTEM. I will explain in the next posting realistic information that will open your eyes to the functions of a tradable currency, and its steps to reach a true international monetary value and standing

But please read this article, remember it was written before the 2nd gulf war. look at the UNITED STATES LAST OPTION TO PROTECT THE DOLLAR, AND OUR WAY OF LIFE

Oil, Currency and the War in Iraq

By Cóilín Nunan

It will not come as news to anyone that the US dominates the world economically and militarily. But the exact mechanisms by which American hegemony has been established and maintained are perhaps less well understood than they might be. One tool used to great effect has been the dollar, but its efficacy has recently been under threat since Europe introduced the euro.

The dollar is the de facto world reserve currency: the US currency accounts for approximately two thirds of all official exchange reserves. More than four-fifths of all foreign exchange transactions and half of all world exports are denominated in dollars. In addition, all IMF loans are denominated in dollars.

But the more dollars there are circulating outside the US, or invested by foreign owners in American assets, the more the rest of the world has had to provide the US with goods and services in exchange for these dollars. The dollars cost the US next to nothing to produce, so the fact that the world uses the currency in this way means that the US is importing vast quantities of goods and services virtually for free.

Since so many foreign-owned dollars are not spent on American goods and services, the US is able to run a huge trade deficit year after year without apparently any major economic consequences. The most recently published figures, for example, show that in November of last year US imports were worth 48% more than US exports1. No other country can run such a large trade deficit with impunity. The financial media tell us the US is acting as the ‘consumer of last resort’ and the implication is that we should be thankful, but a more enlightening description of this state of affairs would be to say that it is getting a massive interest-free loan from the rest of the world.

While the US’ position may seem inviolable, one should remember that the more you have, the more you have to lose. And recently there have been signs of how, for the first time in a long time, the US may be beginning to lose.

One of the stated economic objectives, and perhaps the primary objective, when setting up the euro was to turn it into a reserve currency to challenge the dollar so that Europe too could get something for nothing.

This however would be a disaster for the US. Not only would they lose a large part of their annual subsidy of effectively free goods and services, but countries switching to euro reserves from dollar reserves would bring down the value ofthe US currency. Imports would start to cost Americans a lot more and as increasing numbers of those holding dollars began to spend them, the US would have to start paying its debts by supplying in goods and services to foreign countries, thus reducing American living standards. As countries and businesses converted their dollar assets into euro assets, the US property and stock market bubbles would, without doubt, burst. The Federal Reserve would no longer be able to print more money to reflate the bubble, as it is currently openly considering doing, because, without lots of eager foreigners prepared to mop them up, a serious inflation would result which, in turn, would make foreigners even more reluctant to hold the US currency and thus heighten the crisis.

There is though one major obstacle to this happening: oil. Oil is not just by far the most important commodity traded internationally, it is the lifeblood of all modern industrialised economies. If you don’t have oil, you have to buy it. And if you want to buy oil on the international markets, you usually have to have dollars. Until recently all OPEC countries agreed to sell their oil for dollars only. So long as this remained the case, the euro was unlikely to become the major reserve currency: there is not a lot of point in stockpiling euros if every time you need to buy oil you have to change them into dollars. This arrangement also meant that the US effectively part-controlled the entire world oil market: you could only buy oil if you had dollars, and only one country had the right to print dollars - the US.

If on the other hand OPEC were to decide to accept euros only for its oil (assuming for a moment it were allowed to make this decision), then American economic dominance would be over. Not only would Europe not need as many dollars anymore, but Japan which imports over 80% of its oil from the Middle East would think it wise to convert a large portion of its dollar assets to euro assets (Japan is the major subsidiser of the US because it holds so many dollar investments). The US on the other hand, being the world's largest oil importer would have, to run a trade surplus to acquire euros. The conversion from trade deficit to trade surplus would have to be achieved at a time when its property and stock market prices were collapsing and its domestic supplies of oil and gas were contracting. It would be a very painful conversion.

The purely economic arguments for OPEC converting to the euro, at least for a while, seem very strong. The Euro-zone does not run a huge trade deficit nor is it heavily endebted to the rest of the world like the US and interest rates in the Euro-zone are also significantly higher. The Euro-zone has a larger share of world trade than the US and is the Middle East’s main trading partner. And nearly everything you can buy for dollars you can also buy for euros - apart, of course, from oil. Furthermore, if OPEC were to convert their dollar assets to euro assets and then require payment for oil in Euros, their assets would

immediately increase in value, since oil importing countries would be forced to also convert part of their assets, driving the prices up. For OPEC, backing the euro would be a self-fulfilling prophesy. They could then at some later date move to some other currency, perhaps back to the dollar, and again make huge profits.

But of course it is not a purely economic decision.

So far only one OPEC country has dared switch to the euro: Iraq, in November 20002,3. There is little doubt that this was a deliberate attempt by Saddam to strike back at the US, but in economic terms it has also turned out to have been a huge success: at the time of Iraq's conversion the euro was worth around 83 US cents but it is now worth over $1.05. There may however be other consequences to this decision.

One other OPEC country has been talking publicly about possible conversion to the euro since 1999: Iran2,4, a country which has since been included in the George W. Bush’s ‘axis of evil’.

A third OPEC country which has recently fallen out with the US government is Venezuela and it too has been showing disloyalty to the dollar. Under Hugo Chavez’s rule, Venezuela has established barter deals for trading its oil with 12 Latin American countries as well as Cuba. This means that the US is missing out on its usual subsidy and might help explain the American wish to see the back of Chavez. At the OPEC summit in September 2000, Chavez delivered to the OPEC heads of state the report of the 'Interrnational Seminar on the Future of Energy’, a conference called by Chavez earlier that year to examine the future supplies of both fossil and renewable energies. One of the two key recommendations of the report was that ‘OPEC take advantage of high-tech electronic barter and bi-lateral exchanges of its oil with its developing country customers’5, i.e. OPEC should avoid using both the dollar and the euro for many transactions.

And last April, a senior OPEC representative gave a public speech in Spain during Spain’s presidency of the EU during which he made clear that though OPEC had as yet no plans to make oil available for euros, it was an option that was being considered and which could well be of economic benefit to many OPEC countries, particularly those of the Middle East6.

As oil production is now in decline in most oil producing countries, the importance of the remaining large oil producers, particularly those of the Middle East, is going to grow and grow in years to come7.

Iraq, whose oil production has been severely curtailed by sanctions, is one of a very small number of countries which can help ease this looming oil shortage. Europe, like most of the rest of the world, wishes to see a peaceful resolution of the current US-Iraqi tensions and a gradual lifting of the sanctions - this would certainly serve its interests best. But as Iraqi oil is denominated in euros, allowing it to become more widely available at present could loosen the dollar stranglehold and possibly do more damage than good to US economic health.

All of this is bad news for the US economy and the dollar. The fear for Washington will be that not only will the future price of oil not be right, but the currency might not be right either. Which perhaps helps explain why the US is increasingly turning to its second major tool for dominating world affairs: military force.

REFERENCES 1. Anon., ‘Trade Deficit Surges to a Record High’, Reuters, (January 17, 2003), http://www.centredaily.com/mld/centredaily/news/4970891.htm. 2. Recknagel, Charles, ‘Iraq: Baghdad Moves to Euro’, Radio Free Europe (November 1, 2000), http://www.rferl.org/nca/features/2000/11/01112000160846.asp. 3. Anon., ‘A Look At The World's Economy’, CBS Worldwide Inc., (December 22, 2000), http://www.cbsnews.com/stories/2000/12/22/2000/main259203.shtml. 4. Anon., ‘Iran may switch to euro for crude sale payments’, Alexander Oil and Gas, (September 5, 2002), http://www.gasandoil.com/goc/news/ntm23638.htm. 5. Hazel Henderson, ‘Globocop v. Venezuela’s Chavez: Oil, Globalization and Competing Visions of Development’, InterPress Service, (April 2002), http://www.hazelhenderson.com/Globocop%20v.%20Chavez.htm. 6. Javad Yarjani, ‘The Choice of Currency for the Denomination of the Oil Bill’, (April 14, 2002), http://www.opec.org/NewsInfo/Speeches/sp2002/spAraqueSpainApr14.htm. 7. The Association for the Study of Peak Oil, Newsletter 26, (February 2003), http://www.asponews.org.

FURTHER READING William Clark, ‘The Real Reasons for the Upcoming War With Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth’, (January 2003), http://www.ratical.org/ratville/CAH/RRiraqWar.html.

Great post! I look forward to the next one. I like posts that explain the financial process of the world and real historical events to back it up rather than pure speculation. I am little bit smarter today. Thanks and GO RV !!!!!