Why June Is So Important To Iraq - And US!

[DinarThug]

From CNN. The Clown News Network. Broadcasting From A Sherman Tank With A Kickstand. -

June 19th, 2011 09:58 am We have all read about important dates, weeks and months surrounding this investment. No matter how long you have been in this investment, days, weeks, months or even years, there has been speculation almost every week that “this could be our week” and / or “This could be a very good month for us”. This “roller coaster” of “intel”, insights, rumors, news articles, visiting dignitaries & Iraq entering into numerous regional or world originations all “looked promising”. This has been like the story of “the boy who cried wolf”, after a while his cries fell on deaf ears. We had heard it all one too many times and we just “weren’t going to go there any more”, right? Let me direct your attention to the END of the story, when the wolf ACTUALLY SHOWED UP, but because the boy had cried wolf so many times, people were numb to his cries. Maybe you can relate…

Is this month like every other month has been? Are the current cries this month any different than every other month?

The short answer is YES THIS IS VERY DIFFERENT!!! Why? Let’s look at why this month, June is MONUMENTAL in Iraq…

The United Nations Sanctions are done this month. I know… You’ve heard this… but have you really thought about it, or have you dumped this news in with all of the other news, all of the other cries, or every other week / month?

UN Sanctions govern the way that a country can interact with the rest of the world! Everything that your country produces and exports AND everything that your country needs and imports is governed by these sanctions…

Iraq has been under UN Sanctions since 1990 when they first invaded Kuwait. That means that the UN has governed how Iraq could interact with the rest of the world for 21 years and that ends June 30th!

In 2003, the UN imposed even harsher sanctions on Iraq. In fact it imposed the most severe sanctions in United Nations History! These sanctions made it virtually impossible for Iraq to trade with anyone. Here’s the kicker, when they were allowed limited trade with other countries, they weren’t allowed to get paid for the trade. Instead that money went into the DFI (Development Fund for Iraq). Then Iraq had to ask for little bits of its own money, and jump through lots of hoops, in order to get access to little bits of its own money to develop the country. All of this, the harshest sanctions in UN History, after 8 long years, end this month. How long would you work at your job if you weren’t allowed access to the money you earned? How prosperous would you be? Iraq has managed it for 8 years and it ends this month! Oh yeah, and that DFI Fund, all of the money that they’ve earned since 2003 (minus what they were able to sweet talk the UN out of over the course of that period), yeah, they get all that money back on June 30th!

December 15th, 2010 the UN already lifted the majority of these sanctions AND gave Iraq 6 months to finish up the Kuwaiti File, fully form a government, etc. Iraq has KNOWN for 6 months the importance of this date. They have known for 6 months that this particular day was coming and the exact date as laid out by the UN. It may seem from the news articles that they appear “surprised”, “caught off guard” or “rushing to get everything done” but is it really?

The people of Iraq have longed for and prayed for the removal of sanctions for 21 years as it has directly impacted “life as they know it” since the original sanctions were imposed in 1990. They have hoped, dreamed and prayed for this day since 2003 when the harshest sanctions were imposed. It was those extreme sanctions that caused the overnight de-valuing of the value of their currency and the inability to get paid for anything that they’ve exported since then (because all “earnings” were deposited into the DFI Fund). The people of Iraq have known since the majority fo UN Sanctions were removed in December, 2010 that they had six months to finish things up before the “Complete Removal of UN Sanctions” were to take place on June 30th.

To compare this date, June 30th, 2011 to any other date that we have focused on in the past (WTO ascencion, Joining the Arab league, or any of the other speculation dates) would be like comparing your house to the Empire State Building. This is HUGE. These sanctions govern the way that Iraq interacts with the rest of the world on every Import, Export and Financial Level!

In my opinion, the WOLF is SCHEDULED TO ARRIVE June 30th – July 1st. Everyone had been focused on the story of the boy who cried wolf… Remember though, the end of the story, when the wolf actually showed up and everyone was caught off guard.

These are just my thoughts, I hope that they help you on your journey!

Your friend,

ConnectWithScott

Ps. We’ve all heard, “Follow the money”, well, the UN Sanctions affect EVERY DINAR and EVERY DOLLAR and EVERY IMPORT and EVERY EXPORT that Iraq has been involved in for the past 20 years! AND the DFI Fund is where EVERY ONE of those DOLLARS have been sitting, just outside of the reach of the GOI. AND after June 30th / July 1st, Iraq will have the ability to do BUSINESS WITH THE WORLD AND ACTUALLY GET PAID FOR IT!!!

[Bobbysac]

good post THUG

THX BUDDY

[inwest]

Very well written. Thank you. Good to be reminded.

[RonSkilbeck]

I appreciate the effort, the post, and your opinion. With no disrespect, "we'll see". (standing on the table and cheering and toasting you with my coffee cup) Here's to an RV!!

[AoK]

Thanks for your thoughts DT! Makes me more expectant and wary of the "wolf"/RV!

[Freedom Fighter]

I totally agree....RV in June !!!!!!!!!!!!!

[wc41]

BE ready, from the inside out!!! Thanks Thug!!

[LivingAGr8tLife]

If I remember correctly, Iraq & Vietnam just entered a contract with each other recently. If Iraq's economy improves that should help pull Vietnam's economy too, right? I'm not an economist expert at all so I'm just wondering how all of this works. At this time all I ask for is for Iraq to rv so it helps the Iraqui people and many of us investors too. I'm sure the govt of both countries are getting more than their fair shares. My heart goes out to the "littlest" guys.

[aliciadogz]

THANKS FOR THE VERY POSITIVE POST.I'M JUST GETTING SICK OF ALL NEGATIVE CRAP LOT OF FOLKS ARE PUTTING OUT THERE,AS IF THEY DON'T WANT RV TO HAPPEN.CHEER UP FOLKS IT WILL GET BETTER,I UNDERSTAND WERE ALL SAD.MY PRAYS OUT THERE FOR ALL US.

[Derek2011]

That was a good article! +1

[fastang1111]

Great post and info. try to remain calm. keep your arms,legs inside the vehicle at all times. hope is high . just hope it remains that way

[auto2nr1]

cant wait... lets hope for the best~

[jgyear]

amen amen amen

[dogtrainer55]

"To compare this date, June 30th, 2011 to any other date that we have focused on in the past (WTO ascencion, Joining the Arab league, or any of the other speculation dates) would be like comparing your house to the Empire State Building."

Well you havent seen my house! Jk! Go rv!

[Nomadft]

If this doesnt RV in June, than whats next?

[umbertino]

Quote

In my opinion, the WOLF is SCHEDULED TO ARRIVE June 30th – July 1st.

End Quote

Ok. We'll see.

[jlldrs]

I am praying for the end of June also, but the question that keeps going through my mind is, "Would there not be some sort of literature out for the Iraqi people regarding the lower denoms, how they will be used, what there value would be, etc. etc.?" I would think if this literature is out would we not have some boots on the ground that would have seen some of this by now?

Not trying to be negative, just some random thoughts going through my head and maybe other peoples also. Discuss!

[webup]

If this doesnt RV in June, than whats next?

If it doesn't happen by June 30th/July 1st I wont be sparing another thought on dinar for a good long while.

When I get notified its happened I will then check to see if its great news,ok news or bad news.

[Networth]

I'll have to believe you on the sanctions. Many people claimed it was very significant in December when most of these sanctions were lifted. Yet that didn't result in an RV. If the remaining sanctions are to be lifted on June 30th, I don't know why that means the dinar will RV. I'm not denying that is a significant date (if sanctions, indeed, are completely removed on that date). No country should have their trade artifically restricted. But I don't know why everybody assumes it has anything to do with the dinar. Hundreds of companies are doing business in Iraq already and it has not been necessary to RV the dinar. Why would it suddenly need to be revalued if sanctions are lifted? Seems like a dubious connection to me.

[ToothyGrins4U]

Excellent post and if I can add to that a little extra food for thought-

June also marks the end of the second quarter in the US at a time when all the political parties are hopping onto their ponies for a ride down the campaign trail. Wall street is patiently waiting to see what happens with the National Debt and the state of affairs we are in and do not think for a minute they do not know about the RV. For them it is another investment opportunity like anything else, well perhaps more promising but they are waiting, we can be sure of that. This entire event is about global economics and one has only to watch the news for a while to learn that we (the world) are in dire need of an event such as this. And of course we have Wells Fargo, the naysayer that suddenly decided to purchase the Foreign Currency Exchange Corporation? When a conservative outfit like Wells Fargo buys a corporation, understand that they have done their homework and have made the move with huge profits in mind.

Now the cherry for this Fudge Sunday

It seems the that the Kurds (the most advanced community or political in Northern Iraq) have suddenly become more vocal. "A true wise man looks for every opportunity in which to say nothing"- Solomon book of proverbs

They have been patiently sitting on the sidelines through much of the rhetoric, although they are as much a part of this as any of the other political influences in Iraq. Recent posts and news articles seem to indicate more involvement as they are becoming suddenly more vocal about this sad state of affairs with the GOI and adding pressure for the others to Gitter Done!

Yes, I have felt very good about this month for a few weeks now. I will keep my job, love my family and pray for an RV - BTW Happy Fathers Day to all you Dads out there and you Moms that play both roles.

GO RVVVVVVVVVVVV :D

[cdoak1fordinar]

If this doesnt RV in June, than whats next?

july

[VTGuy84]

I'm keeping my head up on June. This is the first time that I've seen so much policy and actions point to this month in all the months I've been following it.

[goldengoose]

D-Thug,

Thanks for the information and commentary; all signs point to possible RV or RI....!!!!!

ToothyGrins4U,

I must whole heartedly agree about your statement on Wells Fargo; I purchased my IQD through the Bank of Ireland Group, which Wells Fargo purchased in May 2011. That is a very telling sign of good things to come IMO.

Thank you,

GG

[the-doctor]

If this doesnt RV in June, than whats next?

Then they will say, it RV's on July 4th.

[MovieMaker]

Worth the read. Thanks for sharing!