Good Stuff

[Dr Hubby]

Here's a really good analysis that I also think is hopeful for the revalue happening at the beginning of next week:

Sent: Monday, January 03, 2011 11:05 PM

Subject: Andrew's Update on Iraq

I wanted to send out an update on what is going on with Iraq and why we haven't had an RV yet. Let me first say, the RV is a for-real deal -- all of these delays we have seen are explanatory and backed by media research; they are not made up excuses to why time frames come and go.

We are not making excuses for an RV not occurring during a specific time frame, but considering the magnitude of such an event, it is in everyone's best interest (ours and Iraq's) that everything runs smoothly. Keep in mind, many of these investors have been waiting SEVEN YEARS for this time period. I myself have waited two years, and I can tell you, NOW is the time to get excited. We are approaching the end.

Shabibi (the CBI director, the man in charge of the RV) has stated in more than 70 articles since last February that it is his intent to remove the 3 0's currency from circulation "directly" upon the formation of the government. The reason why the government must be in place is one, for security after an RV; two, to authorize the release of the smaller denominations after an RV; and third, to be able to pass any necessary legislature that arises from an RV (amended budget laws, the cancellation of government subsidies for food, the release of finances for private sector development after Iraq transfers to a market economy, i.e., 'free trade of the dinar').

The UN has removed ALL SANCTIONS pertaining to the dinar. The IMF has DEMANDED that Iraq switch from a contractionary monetary policy to an expansionary monetary policy for development of the private sector (an expansionary monetary policy is also called a market economy, allowing free trade of international goods and services, requiring an internationally recognized LOCAL currency -- not the USD, but the IQD -- this is in Article VIII of the IMF's statutes).

In order to remove the three zero bills, there MUST be a declared international value to the dinar (for us, that is an RV -- who knows what that declared value will be, but it will definitely be higher than 1170:$1; I personally feel it will be between $2-$2.50, from my own research, but of course, it could be as low as 1:1).

On December 21, 2010, after nine months of stalemate, Iraq's parliament was finally able to approve Maliki as the Prime Minister and accept 28 out of 42 of his cabinet members. The other 14 were assigned by proxy to be filled in as worthwhile candidates were put forth. Technically, Iraq constitutionally can allow this; however, their constitution states that a government is only formed when "parliament ratifies the prime minister and his cabinet." This is why the RV has not occurred yet, because the cabinet is not officially formed.

Now, since Dec. 21, Iraq has moved with lightning speed and has confirmed all but 3 cabinet members. So Maliki has 39 out of 42 finalized. The remaining three are Security, Interior and Energy -- three biggies. Keep in mind, Iraq must have security in place in order to RV; the Interior is huge because it deals with the land of Iraq and the development of it; and of course, Energy is important because a large portion of the finances will go to updating Iraq's TERRIBLE energy constraints (currently most Iraqi's only have electricity 5 hours per day).

The reason why these three are so difficult to post is that there are very few qualified Iraqi's to fill these positions. The ones that have been nominated so far were found to be fraudulent (they paid for their degrees and didn't attend college).

Further, the new Minister of Finance, upon looking at the budget and conferring with the Kurds, realized the budget had serious issues in it that have been overlooked in the past, so he asked for an additional week to fix these problems before presenting the budget to be passed by parliament.

Lastly, Allawi's new Security Council has had to be ratified by parliament as well (this is the new check/balance equation that was placed on Maliki as a condition of his retaining the prime minister office.)

According to the constitution, Iraq's last parliamentary session was required to close down for the end of the year -- it's funny because they were only is session 10 days (December 21-31) since they wasted NINE MONTHS in declaring Maliki's PM status.

They were going to take a two week break, but the President of Parliament (is it Talabani, or the other guy -- I get the two confused) said no way, we're going to continue working in "closed parliament" sessions and declare the new year's opening session to begin January 9, 2011.

They did this so that Maliki, Allawi, the Minister of Finance and parliament could continue working on the above three issues, so that when they meet in "open session" they can get this stuff done ASAP.

Since the New Year, we have seen several articles: one stating that it appears Allawi is ready to have his council ratified by parliament on January 9; two, that at least two of the three missing cabinets members have been nominated and go to vote on January 9 (the newest article says they may have found all three, but we're not 100% sure); third, that the budget is ready to go to parliament on January 10 for its first of three readings.

So, God willing, the 9th and 10th should be very busy days for all of us. If Allawi's council is set, if the three ministers are approved, if the budget goes to parliament, we could potentially see an immediate RV between the 10th and the 17th.

Most likely, according to the history of when Iraq RV'd in the past, they mainly did it on Sundays and Mondays. Occasionally they did it on Thursday and Tuesday, NEVER on a Friday or Wednesday. So we favor each Sunday and Monday as the most probable time to see an RV.

Can monkey wrenches be thrown in this? Absolutely. They might not approve all three ministers. Allawi's council may hit snags. Technically, the budget must be read by parliament three times (January 10, 11, 12) before being voted on and becoming law. They are not required by law to read it three days in a row, so it could be dragged out.

But the point is, FINALLY, Iraq IS working on this, they are getting this done and moving much faster than we've seen in five years. An article was released today saying that everyday they postpone the budget, they run the risk of upsetting the foreign investors (that's you and I!) Well, no duh!

Iraq is aware of the RV and they are working towards its completion. They know we are waiting for it just as they are.

I have never been MORE CONVINCED that this RV is going to occur and occur in the immediate future -- NOT months away; weeks -- even days away, provided these three steps are solidified in an announced government.

Yes, Shabibi said he intended to RV before year's end. Except he has no more control over political junk than you or me. He, too, must wait for his country to get their government set and operational, fully, before releasing an RV of this magnitude. He has reiterated time and again, "directly following" the formation of the government will see the process of the RV begin.

So, do I know this is going to happen? Yes. I have studied this for two years now -- an RV will occur in Iraq. What's the rate? Who knows, and at this point, who cares? When will it happen? I believe very soon, as soon as within the next 7-14 days, provided Iraq finally solidifies a government that has been in limbo since Christmas 2009.

Hang in there -- they are working, they will do this, and it's quite possibly a lot sooner than you and I think.

[markst]

Darnit, hit the minus button again.. Suppose to be a plus. Thanks for the post..

[Keipher]

Thanks for the post! Seems logical.

[matt77]

Good post! Go RV!!!!

[splicer09]

Very nice post. I appreciate you sharing it. God bless and GO RV!!!!

[detroitjazzman]

I've always felt that this was a good investment...And I've always felt that anyone with Dinar will make money! I also believe that an investment in Iraq has to make money. Folks talk about the Saudi Oil and I've read that some of the Saudi oil reserves are over estimated. While on the other hand, most of the reserves in Iraq are guesstimates at best with the exploration technology they have been using. When the dust settles...don't be surprised Iraq will be the big dog in the middle east, and you can bank on it. no pun intended!

[stevehartley]

good post we need more like this !! thank you

[allinxpress]

Good Post! I disagree with the amount though.. I think its going to be 3.14 (like Joe Biden said) or higher.. possibly 3.22

If u look at the history of the IQD.. it has never been equal to the US Dollar.. it has ALWAYS been higher, until Saddam went into Kuwait...

JMO.. but I bet we see 3.14 or higher by 1/11/11

[cbs71]

Good post!

[BadCobra]

:bow:

Thanks for a well thought out analysis. No hype, just facts mixed with analysis/interpretation/pondering. That's what most of us are looking for in this forum.

Cheers!

:bow:

[Hfeliu]

Great post. much appreciated.

[Papster]

Good Post! I disagree with the amount though.. I think its going to be 3.14 (like Joe Biden said) or higher.. possibly 3.22

If u look at the history of the IQD.. it has never been equal to the US Dollar.. it has ALWAYS been higher, until Saddam went into Kuwait...

JMO.. but I bet we see 3.14 or higher by 1/11/11

Just asking when and where did Joe Biden say 3.14?

[Dr Hubby]

Good Post! I disagree with the amount though.. I think its going to be 3.14 (like Joe Biden said) or higher.. possibly 3.22

If u look at the history of the IQD.. it has never been equal to the US Dollar.. it has ALWAYS been higher, until Saddam went into Kuwait...

JMO.. but I bet we see 3.14 or higher by 1/11/11

I hope you are correct, that would be great...

[f150stang]

Great post........Go RV!

[Bunnie]

Thanks for sharing, Go RV!!!!

[okane]

:bow:

Thanks for a well thought out analysis. No hype, just facts mixed with analysis/interpretation/pondering. That's what most of us are looking for in this forum.

Cheers!

:bow:

i agree ...... great post

[CaptainJack]

Thank you for entering the NO PUMP ZONE

Nice mix of facts, analysis and common sense .... plus no "he said", "my source says", "my intel", "boots on the ground" or any of the senseless buzz words that so many thrive and depend on to get attention.

This is why this site is the best! Yes, they allow rumors, etc. but most of those are brought in from the outside and quickly squashed by the Fact Gurus here.

GREAT POST!

[Dr Hubby]

Thank you for entering the NO PUMP ZONE

Nice mix of facts, analysis and common sense .... plus no "he said", "my source says", "my intel", "boots on the ground" or any of the senseless buzz words that so many thrive and depend on to get attention.

This is why this site is the best! Yes, they allow rumors, etc. but most of those are brought in from the outside and quickly squashed by the Fact Gurus here.

GREAT POST!

Thanks, I concure.....

[firefighter_218546]

Very well thought out and put together post..

Thank you for all of your work, I really appreciate the work you have done for us.

God Bless you all,

go rv

[Cherysh]

Thanks so much for this post. Cant tell you how many times I have wanted to reply to posts in anger for silly guru intel, and then just hit the backspace out of it. I have been pretty down about this investment since December, I am not throwing in any towel, and I know I can not sit and rely on this happening, but boy would that return come in handy right now. I usually try to stay positive, but for some reason, something out there wants to push me to break here soon. This post, even though your own research and basically your outlook on it, lifted my spirits, so thanks so much for that!! Happy New Year, out with the old and in with the new!!

[adlon]

Its good to see "no nonsense" posts starting to be posted based on reality.

[Loggerjohn]

Good Post! I disagree with the amount though.. I think its going to be 3.14 (like Joe Biden said) or higher.. possibly 3.22

If u look at the history of the IQD.. it has never been equal to the US Dollar.. it has ALWAYS been higher, until Saddam went into Kuwait...

JMO.. but I bet we see 3.14 or higher by 1/11/11

I have heard several times that Biden said $3.14. Can anyone show proof that that was said or is that a rumor?

[hammy]

Great post. Well said. Being in this as long as I have it is just NOW starting to get exciting. People who invested recently did it most likely on false Intel and excitement that if they don't buy now they will miss the boat. So coming into this they expected an R.V. within days. That is just not the case. You put in that post what has made more since than anything in this section that I have read. People it is getting very close!!!!!!!!!! Hang on though I'm sure we're in for a little bit more of a coaster ride. Have fun with it and GO R.V.!!!!!!!!!!!!!!!!!!!!!!!!!!!

[tired_of_waiting]

Great post indeed

[ThePhantomRider]

I have heard several times that Biden said $3.14. Can anyone show proof that that was said or is that a rumor?

I think Joe wanted his GPA to RV up to 3.14....

TPR