Controversy over the deletion of zeros currency

[rsneed]

Posted 22/10/2010 01:00 AM

BAGHDAD – Babuz: I still remember those faces bleak that stormed the building of the Central Bank in the summer of this year where I was from eyewitnesses to what happened, military vehicles stormed the bank in question and took control of all Maver and blew up fuel tanks of generators to the bank and killed some guards who did not know at the time It is the enemy of a friend and I am still a sigh to my friend who asked the officer placebo officer who he thought with surprise and a real high, “Mr. Lech aimed Alinp” He answered with a bullet in his forehead did not stop her to him and shot dead. This scene is controlled by Ahmed al-Husseini on one guards the central bank, which narrowly escaped the scene and the more pronounced in the Ain al-Husseini more reports about the switch of the Central Bank of Iraqi currency and delete the zeros of which says:*

“That’s how I was convinced that the process will be transparent? Switch and unequivocal, and I saw with my own eyes break into the armed groups of the Central Bank, back of my lost confidence in everything? Every step I hear them, regardless of whether good or not, I have a question on the guarantees, safeguards are required, and nothing but that, in response to a question of zeros and their effect on it says: I have not heard many details on the subject, but I heard that the dinar is due dollars or close to the dollar, but the problem is here how many dollars can you get per day as income or how JD can get in one day.*

Ready to erase the zeros*

Central Bank of Iraq in turn, confirms its readiness to delete the zeros of the Iraqi currency after the formation of the Iraqi government directly, pointing at the same time that those zeros that are added to the Iraqi currency during the last period formed a cluster of large cash amounted to 27 trillion Iraqi dinars. The adviser said the Iraqi Central Bank Governor Mohammed Saleh appearance:*

“The zeros that are added to the Iraqi currency during the last period, formed a cluster of large cash amounting to more than four trillion paper reviews categories of the Iraqi currency financial value amounted to 27 trillion Iraqi dinars, up from 25 billion dinars in 1980,” adding that ” Iraq is unable to manage this block because it is a small country where the large number of funds that traded on the Iraqi market has led to confusion in transactions for large commercial banks and in the work. “*

Saleh added that “the Bank has fully prepared to delete the zeros of the Iraqi dinar once the formation of the Iraqi government,” adding that “the deletion of zeros is a national issue and may need to special legislation, despite the fact that the Central Bank of Iraq is a reform of the currency management from the core work, and Delete the zeros is one of the strategic functions of the Central Bank of Iraq. “*

Saleh pointed out that “the Bank was able during the last period to reduce the level of inflation to the level of one decimal place, after more than twenty years,” noting that “Iraq was able for the first time to reduce inflation to 3%, which reflects the success of the Iraq policy of cash.”*

Fear of counterfeit currency*

Economic researcher Mohammed Hatem Al-Kaabi in contact with the (Federation) said: “on the subject,” The bulk of the speakers were from supporters and opponents are not opposed to the subject of hand out of the idea good or not good, everyone has the conviction that the deletion of zeros must be one day, but the opponents whom I am sitting on the timing and feasibility of the process could cost millions of dollars may occur upheaval in the Iraqi market, which obviously he did not need to state confuse the new, points-Kaabi said the quantity of high money and according to the reports of the CentralBank of four trillion paper reviews are irreplaceable, without constraints, the question arises how will change the currency, and alter the currency and to ensure the absence of manipulation during the switch, is a question of numbers and zeros lift the zero set zero suit and Muhammad emphasized that the project of zeros and delete them in this way is a green light to the mafias counterfeit currency to put forged banknotes can be lost for exchange process coordination and purchase of receivables As for the priorities do not tell more than he said specialists in this area because the economic situation need to follow the structure and this money will be spent on the switch I see that the sectors of interest to the citizen first, such as the health sector, education, and increase the productive capacity of the country and the adoption of new income alternative for oil will run dry one day and we will find ourselves in a desert where no water, no green or face Hassan Lastly I do not think that the matter is far from politics, there are those who want to say I made the dinar as the dollar and the phrase pass unnoticed on the citizen.*

Objection when Anbuge*

Adviser to the Prime Minister Abdel Hussein Al-Anbuge told the union objections to the draft to delete the zeros of the Iraqi dinar, and said that “to leave the project now is the first and not to occupy the whole state to raise zeros from the currency at this stage.” He added: “I do not agree with the beginning of this policy and I support changing the form of currency, quality, or delete the three zeroes, including” the fact that “solutions are always cash solutions symbolic and non-real and the Iraqi economy, the real problems that need to heed the State address.”*

And hit the ideals of “structural imbalances, to stop the wheel of the basic production sectors such as agriculture and industry, as well as to the existence of infrastructure, semi-destructive” and expressed his belief that the things mentioned by the “supposed to take priority.” And Anbuge “If the purpose of the treatment of inflation is failed to address once you delete zeros from the currency, because it means I am a citizen I was carrying the paper reviews the category of one thousand dinars and buy the commodity, and when it was to delete the zeros Fannie buys the same commodity in the same banknote.”*

Anbuge stressed that the situation “will not differ for the Iraqi people” and that it “will not exceed for the owners only the cost of huge amounts of money to cancel the previous currency and re-printed a new currency” and therefore “do not have positive results on inflation.”*

He expressed his belief that “the results are psychological only, some of them negative for individuals who believe that they have a large amount because of the monetary illusion, but it becomes a fortune a few after you delete the zeros have a concern, because he believed that he became poor, or the results of psychological positive, because people will think they buy cheaper goods. ” He says Anbuge that “there is the so-called” cheat money, “or monetary illusion and this illusion can be at the beginning of the process determine how the zeros of the currency that the citizens feel better, but in practice it takes a very short time to discover the citizen does not vary anything,” calling on the Iraqi Central Bank to “Cancel the zeros of the income of a citizen to improve its purchasing power” as he put it.

He adds Anbuge that “monetary policy pursued by the central bank depends on the Bank Act, which established the civil administrator Paul Bremer after the year 2003, which gave independence almost complete for the bank in managing monetary policy for the country”, pointing out that “the Iraqi government is satisfied with that policy because of economic problems suffered by Iraq. ” Indicates Anbuge that “the major problems experienced by the Iraqi economy is concentrated in the private sector and the trade imbalance, in addition to the weakness of the expenditure structure of problems which must find swift solutions to them and not to concern issues of high school,” stressing that the deletion of zeros from the currency is the process of manipulation of the “numbers have no value economic to them. “*

Psychological impact*

Citizen Muhannad Khairallah pointed out the psychological factor of the positive would result in the liquidation of the currency says, “is a step in the right direction and have a positive impact on the citizen when he heard that the Iraqi dinar is equal to the dollar, or close to it, and this is what can benefit from it at the expense of entering the investor and the tourist you are today ashamed to say that for the tourist who enters your country that the dollar equal to one Iraqi 1200 dinar Iraq, and therefore I think that economic reforms would have on the move, he says, there began to alter his money in gold before going into the draft of zeros, and believes that such actions are exaggerated, it’s not only altered the currency as happened after the fall of the regime.*

Will close for a certain period*

Securities in Iraq, in turn, affected the process of deletion of zeros from the Iraqi dinar, according to a member of the Union mediators Iraqis Mohammed Ismail, who said that “in case of deletion of zeros from the currency will decrease capital companies proportions of zeros.”*

And that “For example, if the capital of the company’s three billion will be three million dinars, in which case we will have in front of the stage where the market closed for a certain period for the issuance of certificates of new shares to holders with the number of shares remain unchanged.”*

Ismail pointed out that “the process of removing zeros economic process difficult and complex need to be accurate figures and statistics for all economic activities of the Iraq possesses the same.”*

Banking offices in turn, expressed discontent with the process and said that Ahmed Rikabi the banking crocodile in Karrada, who refused to portray replaced by citing the security situation dire, which exposed banking offices, “How a country proved to the whole world that he is unable to protect its banks, its markets and banking offices in which to replace its currency and deletes zeros in the ignorance of the concrete to the average citizen what is happening in financial transactions and where to go budget years, which exceeded the barrier of $ 300 billion, either from them and says: All I fear is the increasing numbers of counterfeit notes and it certainly dominate the market as spread the idea of change and delete zeros.*

Seminars and workshops*

Bassem Jamil Antoine Vice President of the Federation of Iraqi businessmen said of the Union “in the fact that the meaning of the process of removing the zeros is to reduce the currency’s size, I do not think that this step will not have an effect on the Iraqi economy, which is noted by the state of stagnation and lack of economic growth, and this the process if they are to bear fruit it must be economic steps, accompanied by economic plans are clear and the whole process you need to create and to keep logistics through seminars, meetings and workshops for Iraqi banks and the simple citizen to be aware of the move so as not to deceive and be easy prey for the gangs, extortion and laughter on the citizen Simple, I think the issue needs to study more than one year so satisfying topic of research and educate all classes of society and listen to all opinions, and refers Antoine: that the Iraqi currency is divided into two parts, the first in the banks and the second when the citizen and the second of more than eighty percent, thereby hindering the ease of replacement under rapid buildup of armed robberies on banks to do this we need to tightened security measures along with economic steps can dramatically shift the dinar from the local currency to a global currency. and inflation and its relationship with zeroes said “inflation is not treated in this way never, but addresses the scientific studies that can promote the sector Iraqi private and eliminate unemployment and do the industrial sector and the National Government and promote the agricultural sector, it is not hidden on one of that 80 percent of the basket of Iraq are imported from abroad, which out of hard currency for clarity the day, this with reference to the seven million Iraqis are living below the poverty line, and draws Antoine to This experience is not the result of Iraqi thought to it before us and Italy and Turkey, when you delete six zeros, but disagree with the timing and the necessities of the stage.*

Abdul Wahid Tohma “news – Hayat,” said: Subject knowledge is subject to the language of science and rates sports, and it is limited when economists and not the public with the need to define the public what is happening and if the decision is scientifically true, it will help build steps scientific impact can increase the chances of investment and the purchasing power of the Iraqi dinar in the future, and noted Tohma: that the subject should not be subject to things far away from the language of numbers and economic feasibility.*

Dinar is already exists*

Economic researcher Abdul Karim Hilfi said “the decision of the Central Bank of deleting three zeros in the long term, not a new resolution in the economic arena, several countries have preceded us to it and single out of Germany.”*

He added that the Iraqi situation Hilfi “Ataatovr to the substantive requirements for deletion” because Iraq is “suffering from structural economic problems of inflation rates and a strong addition to the high rates of unemployment, how will the deletion of zeros from the dinar, which is basically non-existent?”.*

And that “Iraq is able to move forward with this resolution, both in the short term or run both,” saying that the explanation that “it is possible to delete the zeros when the production is strong and it hastens the Department in addition to the absence of structural distortions or inflation and the unemployment rate is less than 10 %, “he said, adding that the resolution” can not be implemented only after a long time, even if carried out within a year or two will be in effect a negative because the economy is in recession now. “*

In turn, drew the researcher and academic Hilal Taan that “the project to delete the zeros is a project proposed by the Minister of Finance Bayan Jabr,” and “could be applied and studied as a medium or long term, can not be applied only after the stability of the economic situation and improve the Iraqi dinar exchange rate.”*

He Taan that the project “requirements of many the most important he needs a stable economy in some respects, and needs substantial financial resources as well as to support the Iraqi dinar balances of foreign” and “it could be applied during the last period, but for the effects of the global financial crisis on the Iraqi economy.”*

Finance Committee in Parliament*

According to a member of the Finance Committee in the Iraqi parliament, Sami Atrushi that “the deletion of zeros from the Iraqi currency will leave a positive impact on the Iraqi economy during the next phase,” noting that “the deletion process does not mean raising the monetary value of the Iraqi currency, as understood by the other.” He adds Atrushi that “The fact that the change will take place on the Iraqi currency will change the face value of the dinar and not the real value is measured by the light of the value of the Iraqi dinar against the dollar and gold “, as he put it.*

He stressed Atrushi the need to “adopt the central bank a new strategy in the coming period to educate citizens about the change that will happen in the currency Kalistratejip adopted in the process of changing the currency,” pointing out that “this strategy will spare the Iraqi economy, the risk of manipulation of traders in the new currency which will be available in the market” . Attention Atrushi that “the plan, which will be followed by the central bank to delete the zeros is not necessarily to start during the year 2010,” asserting that “the economic conditions that were experienced by Iraq during the past period, prompting the Bank to non-application of the process of deleting zeros from the currency.”*

Media effort*

Considered an economic expert safety Sumaisem that the process of deletion of zeros from currency is a good step but needs the efforts of the media more than economic efforts, “attributed the reason that” the market will be exposed to vibration once believed the citizen that the deletion of zeros will affect negatively on the real value of the currency. “*

It adds Sumaisem that “the real value of the coin is the value of goods received by the individual and that on the strength of the national economy,” asserting that “these things can be achieved stable security situation, in addition to the information effort senior economist to educate citizens about the positive results of the process of deleting the zeros.”*

Expert at the Central Bank d. Majid picture refers to the most important objectives of this step, which will be introduced early next year, accompanied by a campaign ad and a large demonstration, saying that it will enhance the value of the dinar and facilitates trading cash.*

He says the picture in a statement to the Union that this procedure is not new, although many countries suffer from the problem of high rates of inflation have taken, as happened in Turkey, which deleted six zeroes from its currency.*

And reassure the Iraqi banking expert that the deletion of three zeroes from the Iraqi currency will not affect the value of the savings of citizens, but on the contrary, may contribute to the reduction of prices of goods and services. M / Iraqi Federation

http://bit.ly/bbLaE4

[SteveI]

Another great article. Here is my question that I believe Phoenix and a few others have answered. It is very clear that nothing will be done until the GOI is seated. This seems to be a given, however, once the removal of the three zeros, I understand we have "in country results" and "out of country results". Is this correct?

In country would result in a $25,000 bill getting exchanged for a $25 bill with no value difference. (25,000 x .00086 = $21.50, and now $25.00 x ,86 = $21.50) Is this correct? This is considered a Re-Domination?

Out of country would result in a $25,000 bill now becomes $21,500 because we cannot exchange it? Can their be a "in country" rate and an "out of country" rate or does it have to remain the same rate for both? This is considered a Re-Valuation?

I believe this issue has been explained but clarification again would be very nice. Sorry if this has already been explained.

God Bless all whom have invested in the rise of a new country!!!

http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.babnews.com

Edited October 22, 2010 by SteveI

[Carlym]

I interpret it to mean that we are screwed.

[SteveI]

I interpret it to mean that we are screwed.

What I was meaning to say was:

Out of country would result in a IQD $25,000 bill now becomes a USD $21,500 because we cannot exchange it? Can their be a "in country" rate and an "out of country" rate or does it have to remain the same rate for both? This is considered a Re-Valuation?

If that is the case then we are ok. Sorry I did not mean to scare or twist the facts incorrectly. Sorry.

[wmawhite]

I interpret it to mean that we are screwed.

You maybe correct.....................This article does appear to infer they we are "screwed."

[longhornlove]

Controversy=keep down speculation

[Jon S.]

What I was meaning to say was:

Out of country would result in a IQD $25,000 bill now becomes a USD $21,500 because we cannot exchange it? Can their be a "in country" rate and an "out of country" rate or does it have to remain the same rate for both? This is considered a Re-Valuation?

If that is the case then we are ok. Sorry I did not mean to scare or twist the facts incorrectly. Sorry.

You won't have a redenomination of a currency without a revalue unless there is hyperinflation only. With both the redenomination and revalue of a currency, a 25K Dinar will be worth $21,500 (as in your example above) outside of Iraq. Inside Iraq, the price per products would drop from 25K Dinar to 25 Dinar.

Here's an example of what happened in Mexico in the 90's regarding redenomination. I hope that this explains it better..

Read under the heading of "Nuevo Peso".

http://en.wikipedia.org/wiki/Mexican_peso

[quadraph0nic]

Hang there guys, nothing is over until it is over. I imagine no country likes people speculating on their currency.

So we can only wait for their decisive action.

rsneed thank you for the article.

Edited October 22, 2010 by quadraph0nic

[drox]

Hands down the most informative article to ever come out of Iraq. Great find RSNeed! We finally have actual Iraqi's having an intelligent discussion on this topic instead of the crazy one opinion propaganda pieces.

This really helps answer many questions that have been rolling around in my head. SteveI... Phoenix has some very good analysis usually, but he seems to have been swept away with the spotlight lately and is all over the map imo. He got caught up in delivering more hype for his followers like many a guru before him. His prediction it would RV I think last weekend clearly insinuates that he thinks the GOI doesn't need to be seated for anything. You...SteveI are correct in that it must happen before we see an RV, a lop, chapter 7 release, or anything fruitful really. Anyone thinking otherwise is paying attention to the wrong things and not reading the situation or trend pattern accurately.

[BANE]

So this is why we have a LOP forum...For articles like this.

[BOBBY ROMERO]

You won't have a redenomination of a currency without a revalue unless there is hyperinflation only. With both the redenomination and revalue of a currency, a 25K Dinar will be worth $21,500 (as in your example above) outside of Iraq. Inside Iraq, the price per products would drop from 25K Dinar to 25 Dinar.

Here's an example of what happened in Mexico in the 90's regarding redenomination. I hope that this explains it better..

Read under the heading of "Nuevo Peso".

http://en.wikipedia....ki/Mexican_peso

THATS SOUNDS RIGHT,ABOUT THE PRODUCTS..I HOPE...OR WE ARE SCREWED...

[lechesuerte]

Thanks for the article rsneed! Apperciate it. It is interesting to read the different points of view. GO RV in 2010!!!

[dlbfilm]

Thanks for the post wow what a read....

[Wassaap]

"...Ahmed Rikabi the banking crocodile in Karrada..."

At least we have some comic relief to keep us all from blowing our stacks entirely!

[VIZIOIRAQI]

reassure the Iraqi banking expert that the deletion of three zeroes from the Iraqi currency will not affect the value of the savings of citizens

I take this as in House RV and the bank accounts in Iraq will not be effected the the removal of zeros.

I hope that's what it means.

It also sounded like they were saying coins would not be effected either.

Alot of Iraqi's had alot of money saved when the value was High, so I believe they are saying there money wouldn't be lost in the revalue and removing zeros within the bank system.

[mrspen]

On Oct 13th we were discussing the "CONFERENCE CALL FROM CC" (it's still under Chat Logs) - I haven't bought any Dinar from Ali/Dinar Trade and I don't plan on cashing in with him, but he was very informative on the call. Just wanted to highlight one thing for everyone that may have missed it.

..............................................

Thanks so much for the post. I listened through until Ali had to go. My notes are that:

1) He says that the GOI or Parliament has to be formed prior to RV (in his opinion) and it could happen anytime. He believes that Maliki, Allawi and the Kurds are working together to create power sharing positions

2) He said that there would not be a LOP because that would bankrupt Iraq and would do the opposite of what they've been working towards this entire time.

3) Iraq currently has an official 16% rate of inflation - which would make a LOP impossible

4) He feels the show on Friday will be to educate the Iraqi people on the changes that will be taking place with their economy and giving them a clear picture of what is going on

5) He stated that the translation tools we've been using aren't giving us an accurate picture of the news. He said he reads Arabic some and that he has employees and contacts that read it fluently, and the English translations aren't quite getting the correct point across

6) He stated that the media is using "Speculative detering methods", this is designed to keep people confused and not sure of the timeframe for the gov to form which will keep them from making a mad dash to buy dinar right before the RV. The less they sell, the less they have to honor for the RV cash in.7) They (dealers, traders, banks) would not get more than a 10 - 15 min heads up on the official announcement due to trying to control #6 above. He basically breaks down the analogy using Apple stock, etc. If you're told in advance its going to rise, obviously a ridiculous amount of people would be off and running.

8) He said that when the official RV is announced, his clients would not have to wait more than 9 days max for an appt. He said they'll open additional locations or employ additional employees to ensure that clients do not have to wait more than app, a week to cash in.

Read more:

................................................................

Looks like they're pretty good at their "Speculative detering methods"!!! Not looking so good in the media over there.

[Mongo]

Another great article. Here is my question that I believe Phoenix and a few others have answered. It is very clear that nothing will be done until the GOI is seated. This seems to be a given, however, once the removal of the three zeros, I understand we have "in country results" and "out of country results". Is this correct?

In country would result in a $25,000 bill getting exchanged for a $25 bill with no value difference. (25,000 x .00086 = $21.50, and now $25.00 x ,86 = $21.50) Is this correct? This is considered a Re-Domination?

Out of country would result in a $25,000 bill now becomes $21,500 because we cannot exchange it? Can their be a "in country" rate and an "out of country" rate or does it have to remain the same rate for both? This is considered a Re-Valuation?

I believe this issue has been explained but clarification again would be very nice. Sorry if this has already been explained.

God Bless all whom have invested in the rise of a new country!!!

http://translate.goo...www.babnews.com

No...you are taking 6 zero's off, 3 for the 25k notes and three for the rate. three zero's will come off the rate only. so if they trade a 25k note for the lower dnoms, they still get 25 k worth of lower notes, but their buying power goes up. It takes less to buy more

[hspotman]

So I have a question pertaining to the "if we are screwed" theory..... "If" we do get screwed on this, would we still be able to exchange our current amount of dinar that we now hold....for roughly the same price we bought it for(minus a couple hundred I'm sure)? Or would we just lose everything all-together?

[Az Joe]

So I have a question pertaining to the "if we are screwed" theory..... "If" we do get screwed on this, would we still be able to exchange our current amount of dinar that we now hold....for roughly the same price we bought it for(minus a couple hundred I'm sure)? Or would we just lose everything all-together?

If they LOP we are screwed.But that doesn't mean we lose all we invested.In a worse case situation we will break even and maybe make afew bucks.We are all looking for a big cash out I know we all want to retire on this.So if they LOP and we all have to go back to work after the RV then I says that means we got screwed.I bought mine more then 5 years ago and even then I was told it would RV next week.What I am getting at is that most of us have waited a long long time for this so any out come like a LOP would be devisating.It gets me mad some days but I have to beleive it is all propaganda to turn off speculators and this has to be the most speculated currencies ever.So any thing they can do to scare off some people they will do.

GO RV !!!! NO LOP!!!!!!!!!!!!!!!!!!!!!

[hspotman]

If they LOP we are screwed.But that doesn't mean we lose all we investedW.In a worse case situation we will break even and maybe make afew bucks.e are all looking for a big cash out I know we all want to retire on this.So if they LOP and we all have to go back to work after the RV then I says that means we got screwed.I bought mine more then 5 years ago and even then I was told it would RV next week.What I am getting at is that most of us have waited a long long time for this so any out come like a LOP would be devisating.It gets me mad some days but I have to beleive it is all propaganda to turn off speculators and this has to be the most speculated currencies ever.So any thing they can do to scare off some people they will do.

GO RV !!!! NO LOP!!!!!!!!!!!!!!!!!!!!!

Well if that be the actual case, I don't think I can see this as a high "risk" high reward investment. More like a "low" risk high reward....

[SteveI]

Well if that be the actual case, I don't think I can see this as a high "risk" high reward investment. More like a "low" risk high reward....

Hey hspotman, I love your logic and posts. Keep them coming my friend!

I got into this a few years back knowing that is was a low risk with a great potential of a higher than normal return. If nothing else I break even less a few bucks on commissions selling them back. Just like any other investment, nothing is 100% for sure. God Bless you and your family! Stay safe!

[hspotman]

Hey hspotman, I love your logic and posts. Keep them coming my friend!

I got into this a few years back knowing that is was a low risk with a great potential of a higher than normal return. If nothing else I break even less a few bucks on commissions selling them back. Just like any other investment, nothing is 100% for sure. God Bless you and your family! Stay safe!

Yea Steve, when I first got into this almost a year ago, I thought it was all or nothing scenario. Even when I kept buying more and more dinar(absolutely done for good now ), I was still under the impression that if this didn't rv, I would lose it all. It's nice to know that at the very least, I will get back a little(if not all) of what I originally put in,minus commissions of course.

I don't know how "logical" I am about things , but I "am" honest and say what I think and mean. I don't care what others on here think of what I say or do, they don't know me or where I am. I will probably never see any of them(knowingly) in my life, EVER . That is, of course, unless everybody DOES get together for the SCOOTER ROAST once this thing rv's

Have a good one my friend.

[7Wishes]

No...you are taking 6 zero's off, 3 for the 25k notes and three for the rate. three zero's will come off the rate only. so if they trade a 25k note for the lower dnoms, they still get 25 k worth of lower notes, but their buying power goes up. It takes less to buy more

It clearly says 3 zeros will be taken off the CURRENCY, not the value... This means the 25,000 Dinar note will now be worth 25 Dinar. Assuming they RV it at 1:1 this will mean your 25,000 Dinar note is now worth 25 Dinar will be worth $25... Now, apparently the only thing saving us from this is that this will only apply as an internal redomination / RV...

To me it's clear as day. It seems as if people are afraid to admit this can happen. I have been in this investment for more than 5 years and want a RV to make me rich just as much as anybody else but that doesn't blind me from reality...

Good luck everybody!

[dlbfilm]

Oh My Goodness, the rumors are flyin high today..... Dont waist your mental power on this.... we just wont know until it happens and IIIIIITTTTTTT has not happened yet.... So all you Chicken Pluckers.... hang in there and have a great weekend..... who knows it might just happen this weekend... again who knows.... Blessings to all....

[meatmen4dinar]

Hands down the most informative article to ever come out of Iraq. Great find RSNeed! We finally have actual Iraqi's having an intelligent discussion on this topic instead of the crazy one opinion propaganda pieces.

This really helps answer many questions that have been rolling around in my head. SteveI... Phoenix has some very good analysis usually, but he seems to have been swept away with the spotlight lately and is all over the map imo. He got caught up in delivering more hype for his followers like many a guru before him. His prediction it would RV I think last weekend clearly insinuates that he thinks the GOI doesn't need to be seated for anything. You...SteveI are correct in that it must happen before we see an RV, a lop, chapter 7 release, or anything fruitful really. Anyone thinking otherwise is paying attention to the wrong things and not reading the situation or trend pattern accurately.

Food for thought, Phoenix NEVER said it was going to RV last weekend. He also has stated that he believes that the GOI needs to be seated first.