MY THOUGHTS ON WHERE WE ARE AND HOW WE WILL BE PAID

[Eddinar]

All, this is to clarify and shed some light on the upcoming events. Many of you have wondered where and how Iraq can possibly pay out billions or Trillions of dollars post RV to the people “cashing in”. I submitted a reply to a post the other day explaining how I was explained the concept of how it will work. Below is also a reply from SteveI in the same thread and on the same subject.

Posted from SteveI on 11/16

I just got off the phone to help answer that. With regards to the US, and remember I am only talking about the US. All Iraq currency will go back to the Federal Reserve and destroyed. The money will be deposited on the Federal Reserve Books. Then, I was told that the monies on reserve (federal reserve books) will be applied to future oil and or other contracts. The person I spoke to is highly educated in this field.

He said that it will be like one large mortgage and the future contracts will reduce the federal reserve balance on an ongoing basis against that mortgage. I now understand it better now that it was explained to me like that. I learned something myself from your great questions. So all they need is oil to pay back the federal reserve balance which they have plenty of.

God Bless and stay safe.

This post has been edited by SteveI: 16 November 2010 - 11:57 PM

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Here is my post in the same thread…

Exactly SteveI. That Oil in the Ground is equity and is not going anywhere except in barrels... Oh yeah I almost forgot, they have some Natural Gas too... and a lot of it.... The way it was explained to me is the oil is like equity on your home. if your home is worth $500,000 and you owe $200,000, you have $300,000 in equity. You can be granted up to 125% of the equity of your home through a loan which in this case would be $375,000 as long as you are in good credit standing. So if Iraq has 505 Billion Barrels of oil in reserves, (some of which is uncoverable at this date) at say $80 per barrel, you have approximately 40 Trillion dollars in equity...not including the natural gas reserves which some say exceed their Oil reserves. This explanation was simple and concise for me and hope it can add to what you stated earlier SteveI. God Bless.

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I also want to touch on the subject of the GOI employees being paid this weekend. First of all, why would Iraq wait so long to pay their employees? I have come up with the only logical answer to this question.

1) If the GOI employees are to be paid in IQD which I believe they are, wouldn’t it make sense to not pay them until after the RI/RV? For example, say the GOI employees average $200,000 usd per year… I believe it is more, but we will use 200K for this. The going rate as of today for the IQD is 1170 to 1. The weekly pay as of today’s rate would be $4,680,000.00 Dinars per week. Monthly would be $18,720,000.00 Dinars. They apparently are paying them backpay and prepaying December. The 2011 budget is also on the verge of being approved which is believed to have the RV rate included in it.

2) So, if they are going to pay the GOI in IQD and they waited to RV after they were paid at say a 1 to 1 ratio, then each employee would receive the equivalent to $18,720,000.00 USD per month… That’s more than half of what 3rd baseman Alex Rodriguez makes in a YEAR and he is well overpaid IMO.

3) My point is the RV will have to take place before payment to the GOI employees if they are to be paid in IQD unless they are to be paid in USD which I don’t think is the case.

4) There is too much information out that points to an RV now rather than later and a huge thanks to SteveI, zzzzzzzzz, Scooter, Sonny1, Viper51, Pourit, Carlablum, ChiefV, Railroader, HeavyDuty and so many others that share their perspective, intel and information to help us understand the process of this investment unfolding better.

This post is an open invitation to agree or disagree with what I stated above and add to this what you will to make it better. Teamwork is key. I’m sure we can all learn from the brilliant people here on our DV team. This weekend is HUGE imo and it will set the tone for what's to come. Thanks for listening and I appreciate all feedback!

God Bless,

Eddinar

[fatbob]

So, are you saying that in essence our broke government is buying these Dinar from us?

[ReachingHigher]

Eddinar - your thoughts and insights are always appreciated!

Thanks for this post.

Peace!

ReachingHigher

[Jan]

Well............ you are certainly more than a pretty face in a towel!!! lol Your smart to!!! Thanks for the post. I really don't know that much about the ins and out of the gov. and such. You just made things so much clearer to me. Huge Huge thanks for that. Your the bestest!! Jan

[ThePeoplesChamp]

Thanks for the Post Ed!

GOOOO RV!!!

[lambert]

Well put Ed! many thanks and keep the info coming bro!

[Eddinar]

So, are you saying that in essence our broke government is buying these Dinar from us?

No. SteveI posted this part and remember that our broke Governement is totally separate from our Federal Reserve. The Federal Reserve is a private institution and is the largest lender to the USA Gov't.

[Telabiz]

Trust me after RV our gov won't be Broke . Our dinar in fed reserve will alocate printing more paper (with Backing) good for everybody

[fatbob]

Thanks Ed. I remember reading that last night but didn't understand how they were going to pay us for it. I get it now.

[rsneed]

Very NICE post Ed! Good job! Very insightful into what's coming soon for us all!

Thank you hon!

Edited November 18, 2010 by rsneed

[cris]

Great post...thanks Eddinar

[hspotman]

Ahhh...."I see", said the blind man to the deaf mute

[HeavyDuty]

Now Eddinar, there you go making perfect sense again. I sure am gald that you are buying the second round at the Scooter Roast. Scooter is buying the 1st round. LOL

Keep the faith, it's coming. Hands Up Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

HD

Edited November 18, 2010 by HeavyDuty

[letsroll]

Thanks Ed, I've understood this theory for awhile now but who actually will put the funds in my bank account ? Federal Reserve ?? Iraq ?? I've never fully figured that out yet , I can see how the US can get reimbursed but who is paying me upfront ?? :blink: Any takers to answer this ...........

Edited November 18, 2010 by letsroll

[SteveI]

Thank you Ed. I could not have said it any better myself. I love reading your thoughts and comments because you are so on target with what is taking place for this historic event. It always puts a smile on my face and hopefully many other members of this great DV family as well.

Keep up the great work my friend.

God Bless.

Steve

Edited November 18, 2010 by SteveI

[adontik]

Great post Ed, we appreciate your insight. This is essentially how I've understood the payment to take place. Iraq is not going to have to open up their vaults and physically send us our USD. Keep up the good work!

Peace

[ha ha]

Thanks for sharing.appreciated/

[financeminister]

Once again, Thanks Eddinar, insightful and well written.

pretty face in a towel? hmmmm

[fatbob]

Steve, were you going to post some info last night? I remember you saying that in 2 of your posts. Any new info?

Thanks.

[KIMT]

I hope this is not a silly quesion, but maybe this is a statement. I wish I knew when the GOI were going to get paid???

[Eddinar]

cbs71 also added to that post by saying......an excerpt....... "Iraq has one if not, the largest sulphur reserves in the world too. God has blessed that country in more ways than one."

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I hope this is not a silly quesion, but maybe this is a statement. I wish I knew when the GOI were going to get paid???

Supposed to be early next week.... and it is not a silly question..

[blanc]

Thanks Ed and there has been a lot of confusion as to how this RV is to be paid. If Most big country players have agreed to the same deal as US for oil they really don't have to cover much and the fact of all those new bank accounts being opened in Iraq they easily control paper currencies circulation. Oh and another interesting question is who really owns the federal reserve?? Sorry had to throw that in for more discussion. LOL

God Bless

Blanc

[Ninjaturbo02]

Eddinar ....... i like the way you broke it down.

[John54]

Uh one thing, did anyone tell the Teaparty this? How is this gonna go over if the FED Reseve pays and they find out......interesting....

[SteveI]

cbs71 also added to that post by saying......an excerpt....... "Iraq has one if not, the largest sulphur reserves in the world too. God has blessed that country in more ways than one."

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Ed, I think many missed the "Good Credit" part. Iraq has to be a member of the WTO to gain the confidence of other countries that they are a New Iraq and in good standings within the financial economic structure of the world. This is a critical factor for them to be successful as an economic giant. You nailed it on that one my friend. Great job Ed.

God Bless.

Steve