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Medic morning chat 7/5/11


DRV1804
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Med says to (07:35:01):

OK ARE WE READY TO GET STARTED?

GOOD MORNING DS

I'M BACK

AND WHAT NEWS WE HAVE

JUST PHENOMENAL

I HAVE BEEN ON THE PHONE FOR TWO DAYS

WITH SONNY

DISCUSSING WHAT HAS BEEN GOING ON

GOP says to (07:38:37):

Any good insights from sonny?

Med says to (07:38:58):

HE WAS ASKING FOR MY INSIGHTS

THERE WAS HUGE NEWS TODAY

HE JUST WANTED TO BOUNCE STUFF OFF MY HEAD

AND SEE IF I AGREED

I DID

I TOLD HIM THAT I BELIEVE I KNOW WHY THE RAISING OF ZERO'S

HAS BEEN DELAYED

AND THE ANSWER TO IT

CAME OUT TODAY

I WAS ALWAYS CONCERNED

SORT OF 50/50

ON THE SANCTIONS

EVEN THOUGH IN DECEMBER

MANY WERE REMOVED

ACCORDING TO THE REST IN PLACE

IRAQ WAS STILL PRETTY MUCH TIED UP

ON NOT BEING ABLE TO MAKE ANY MOVES INTERNATIONALLY

NOW THAT THOSE OBSTACLES

HAVE BEEN REMOVED

THEY NOW CAN MOVE FORWARD WITH ANY INTERNATIONAL MOVES

INCLUDING THE RAISING OF THE ZERO'S

AND HAVING AN INTERNATIONAL CURRENCY

AND JOINING THE WTO

I WAS TRYING TO FIGURE OUT

HOW IRAQ COULD BE A MEMBER OF THE WTO

WHEN THEY WERE STILL LIMITED BY THE REST OF THE UNSC SANCTIONS

I JUST FIGURED THERE WAS SOMETHING I HADNT READ

THAT DIDN'T MAKE A DIFFERENCE

WELL THERE WASN'T

THEY COULDN'T MOVE FORWARD

THEY HAD NO CHANCE TO MOVE INTERNATIONALLY

UNTIL THIS MOMENT

NOW THEY HAVE TO PAY 5% STILL TO KUWAIT

IF THEY BALK ON THAT

THEN THEY WILL HAVE TO PAY KUWAIT

A LUMP SUM PAYMENT

OF ALL THAT IS OWED TO THEM

THAT IS THE DEAL WITH KUWAIT

ON THE KUWAITI FILES

NOW ALL INTERNATIONAL SANCTIONS ARE OVER WITH

BUT

NOW ALL LENDERS

COUNTRIES

ETC....

THAT IRAQ OWES MONEY TOO

ARE ALL LICKING THEIR CHOPS

ONLY THE U.S.

IS PROTECTING ANY IRAQI ASSETS

ANYTHING ELSE OUT THERE IS NOW FAIR GAME

TO ALL DEBTORS

BUT WITH THAT

THEY CAN ALSO FINALLY DO BUSINESS

WITH ANYONE

BUT

IT IS NOT GOING TO HELP

UNLESS THEY CAN TRADE INTERNATIONALLY

AND WITH AN INTERNATIONAL CURRENCY

NOW I AM NOT SAYING ANY RATE

I AM ONLY SAYING THAT THEY CANNOT MOVE AND USE THE NEW FREEDOMS

WITHOUT ONE

UNLESS THEY ARE HAPPY WITH DEALING WITH

THE REST OF THE 3RD WORLD COUNTRIES

WHO ALSO HAVE NO CURRENCY

AND IN ALL THE YEARS I HAVE BEEN STUDYING IRAQ

THAT WAS NOT THEIR INTENTIONS

IT WAS TO HAVE STRONG TIES WITH THE U.S.

IN TRADE

AND OTHER ADVANCES

IN THE ECONOMIC DEVELOPMENT

FROM THE U.S.

NOW A COUPLE THINGS

SONNY SAID THAT THEY ARE REPORTING

AND I DID NOT SEE THIS

THAT THE KURDS HAVE AGREED ON A PLAN

FOR THE HCL

THAT WAS OFFERED TO THEM

HAS ANYONE SEEN THIS

I DID NOT SEE IT IN THE FORUMS

BUT HE SAID THAT ONE CAME OUT

AND HE ALSO SAID THAT MALIKI HAD A VERY GOOD DETAILED PLAN

FOR THE COUNTRY

GOP says to (07:50:56):

I think I remember reading something along those lines a day or so ago.. the HCL

Med says to (07:50:59):

BUT IT WAS ALLAWI WHO HAS BEEN THE REASON FOR IT NOT BEING IMPLEMENTED

OK GOP

NOW I HAVE ONE ISSUE

THAT BOTH SONNY AND I ARE KIND OF UPSET WITH

AND I TOLD HIM

THAT IF ANYONE CAN FIND OUT THE TRUTH

ON THIS MATTER

DS CAN

NOW DONT ALL GET RILED UP

UNTIL WE FIND OUT

AND THEN DISCUSS IT

OK

SO IF YOU ARE LURKING

PERK YOUR EARS UP

WE ALL KNOW THAT ALI OF DINAR TRADE HAS SENT OUT EMAILS TO MEMBERS

SAYING THAT NO LOP IS COMING

AND HE WAS GUARANTEED THAT

BY IRAQ

OK GREAT

AND I THINK WE ALL KNOW THAT ALI'S BIGGEST CUSTOMER

IS THE U.S.

HE HAS BOUGHT A BANK IN IRAQ

AND ONE IN THE U.S.

BUILT A NEW HOME IN MALIBU

MADE MILLIONS

AND MILLIONS OFF US

AM I CORRECT

GOP says to (07:54:12):

yes

Med says to (07:54:17):

OK

Med says to (07:54:20):

WELL RUMOR IS

ALI IS OR HAS SKIPPED TO THE U.K.

AND NO LONGER IS IN THE U.S.

AND IS DODGING ALL CALLS

AND HIS NEW OFFICIAL OFFICE IS IN THE U.K.

NOW I GOT THIS FROM SONNY

DO WE HAVE ANY INFO ON THIS

DOES THIS NOT SEEM REALLY ODD TO ANYONE

BESIDES ME

IF TRUE

SallyDS says to (07:56:03):

I have a friend who trades with Ali and she told me the same thing except the word she used wasn't skipped

DOESN'T ANYONE SEEM TO BE BOTHERED BY THIS

THE LARGEST SELLER OF DINAR

ALL OF A SUDDEN IS LIVING IN ANOTHER COUNTRY

GOP says to (07:57:09):

makes me a little concerned that he has not been truthful

SallyDS says to (07:57:23):

I understood that it had to do with his site being shut down for a while

Med says to (07:57:26):

NOW ALL OTHERS ARE STILL UP AND RUNNING

BRB59 says to (07:57:39):

I know we are not suppose to bring in other chats, but DD said he was returning from his new home inUK for cashing in

Med says to (07:57:41):

HE SAID HE SHUT IT DOWN SALLY

SallyDS says to (07:58:06):

it is not shurt down

Med says to (07:58:16):

NO IT IS NOT SALLY

YOU ARE RIGHT

NOW HE IS CLAIMING FROM WHAT I UNDERSTAND

IT HAS TO DO WITH SHIPPING COSTS

I KNOW HE HAD A DEBT TO UPS

THAT WAS ABOUT 1 MILLION

HE WAS IN ARREARS ON

AND THAT IS WHY HE HAD CHANGED

SallyDS says to (07:59:34):

he now ships out of England, so I understand

Med says to (07:59:43):

SEE LIKE WAS JUST SAID

HOW TRUTHFUL

IS THIS GUY

AND THINK OF THIS

OK

RIGHT NOW THE SALES OF DINAR

ARE PROBABLY

AT THEIR LOWEST

HE CANNOT GET HIS HANDS ON NEARLY

WHAT HE USED TO

AND FOR YEARS

HE WAS SELLING LIKE A MAD MAN

AND SHIPPING NEVER WAS A PROBLEEM

OR THE COST

NOW

WE KNOW WE ARE ONE VOTE AWAY

FROM THIS BEING OVER

SO IF

THIS IS TRUE

WHICH I BELIEVE IT IS

THEN TIME IS SHORT

SO TO ME

SO WHAT IF THE SHIPPING IS MORE

HE IS NOT SELLING RIGHT NOW

IS HE

HE STOPPED ALL SALES

IN MAY

AM I RIGHT

OR DID HE START UP AGAIN

NO

Med says to (08:02:26):

I AM JUST BOUNCING OFF

papaw19 says to (08:02:28):

IMO feds stopped all sales, feds don't control UK

Med says to (08:02:44):

NOW HE DID OWE SOME STATES MONEY

FROM FINES

horseluver says to (08:02:47):

maybe he figured no one would cash in with him here with all the bad pub.

Med says to (08:02:50):

AND LAWSUITS

COULD BE HORSELUVER

mailman17 says to (08:03:37):

BAD PUBLICITY?...FROME ME?...NAHHHH:D

HIS BIGGEST MISTAKE

WAS GETTING INVOLVED IN N E O S SITE

VERY BAD PR

Med says to (08:04:16):

AND THEY WERE A NASTY SITE

GOP says to (08:04:29):

DD just stated he was still going to be heading up one of Ali's cash in sites. DD has always seemed to be a very straight up guy.

Med says to (08:04:39):

DD IS STRAIGHT UP

HE TRIES TO BE

Dinar Mark says to (08:04:55):

Man, you are scareing me, is this good or bad????????????????

Med says to (08:04:55):

NOW REMEMBER THOUGH

HOLD ON

WE ARE JUST DISCUSSING

ME PERSONALLY

I COULD CARE LESS ABOUT ALI

NEVRE WAS GOING TO GIVE HIM A DIME

GLAD HE IS GONE

BUT

I DON'T TRUST HIM

shooter says to (08:05:54):

he has nothing to do with iraq ...just dinars

Med says to (08:05:56):

AND TO LEAVE BECAUSE AS HE LEAKED OUT

IT WAS SAFETY

YES

HE MENTIONED TO ALL BUYERS

AND I WANTED YOU ALL TO REMEMBER

HE DID ACKNOWLEDGE

IS TRUE

IS WHAT HE GUARANTEED

AS THE TRUTH

THIS WAS JUST A CYA

I DO NOT LIKE TO LEAVE ANY DOOR OPEN

OR EXPLORED

I AM NOT RUNNING SCARED

SallyDS says to (08:07:49):

well, that's the only part of this discussion that concerns me. i thought lop talk was dead burried and burned up

Med says to (08:07:50):

BUT THIS IS OBVIOUSLY

YES TO ME IT IS

mailman17 says to (08:08:04):

ME EITHER...(6)

Med says to (08:08:04):

BUT SALLY

WHY DOES ANYONE PACK UP AND RUN

SCARED

MAYBE

Newlife says to (08:08:40):

I do believe he has a lot of issues here in the US and is trying to save his ars

mailman17 says to (08:08:47):

I KNOW, I KNOW. I KNOW:D

SallyDS says to (08:09:05):

but is there ANY logic for Iraq to lop at this point? I don't see it but I don't understand as much as you do

THERE IS NO REASON

mailman17 says to (08:10:11):

MED...GUESS WHAT IRAQ HAD TO PAY ON THE 1ST OF JULY?

AND YOU DONT SEE IT IN THE NEWS..({)

TO WHO?

pillsbury says to (08:11:16):

paris club

mailman17 says to (08:11:21):

BINGO

2.97% OF THE REPORTED 38 BILLION OWED

NOT INCLUDING NON-PARIS

Med says to (08:11:56):

OK BACK

mailman17 says to (08:12:08):

THATS JUST THE PARIS AGREEMENT SET UP IN 2003

Med says to (08:12:10):

OK ONE OTHER ISSUE

SONNY TOLD ME

THAT SHABIBI IS BANNED FROM ANY TRAVEL OUTSIDE IRAQ

FOR THE TIME BEING

mailman17 says to (08:12:46):

HMMMM

Med says to (08:12:51):

WHICH TO ME IS GOOD NEWS

SallyDS says to (08:13:03):

now THAT is intereesting....banned by who?

Med says to (08:13:11):

MALIKI

HAS FORBID HIM

FROM LEAVING

mailman17 says to (08:13:25):

FOR WHAT REASON?...<)

Med says to (08:13:30):

HE IS THE MASTERMIND

papaw19 says to (08:13:33):

imo that's probably good

Med says to (08:13:34):

OF THIS ENTIRE THING

IS HE NOT

AND WITHOUT HIM

THIS WILL BE A DISASTER

THERE IS NO WAY

ANYONE ELSE COULD PUT THIS TOGETHER

AND MAKE IT WORK

HE IS THAT SMART

COULD YOU SEE SOMEONE LIKE SALEH

SallyDS says to (08:14:38):

well, I can agree on that but it seems illogical to me that a man who has spent countless yyears putting this whole deal together would run out unlessss

Med says to (08:14:41):

TRYING TO PUT THIS ON TRACK

papaw19 says to (08:14:41):

is shab in a position to give M an ultimatum?

Med says to (08:14:51):

UMMMMM

SallyDS says to (08:15:05):

but couldn't he do that from outside the country?

Med says to (08:15:09):

ONLY IN SPECIFIC CIRCUMSTANCES

HE CAN

BUT SO FAR

MALIKI HAS NOT INTERFERED

IN ANYTHING SHABS HAS DONE

ONLY ONE TIME HE TRIED TO

THAT WAS WHEN THEY WERE OFF THE SBA ON MARCH 18 2009

SallyDS says to (08:16:03):

seems to me if shabs want to run, he would have the whole backing of the UN, IMF, etc behind him..

Med says to (08:16:07):

MALIKI ASKED HE STOP SELLING DINAR

I DONT THINK IT WAS CUZ HE MAY RUN

I THINK IT WAS MORE WE CANT TAKE A CHANCE

ON ANYTHING HAPPENING TO HIM

AND IF THIS GOES DOWN

AT ANY MOMENT

Med says to (08:17:03):

HE NEEDS TO BE HERE

SallyDS says to (08:17:03):

then, it is a power thing, a threat etc

Med says to (08:17:17):

UMMMM

NOT POWER

BUT FEAR

IF HE ISN'T IN CHARGE

THEN THINGS GO HAY WIRE

SallyDS says to (08:17:43):

or maybe Maliki is so scared it won't work that he is making sure all pieces stay in place

Med says to (08:17:45):

OK HOLD ON

NOW THAT MAKES MORE SENSE SALLY

NOW BEFORE ALL GET BENT ON THE ALI DISCUSSION

Med says to (08:19:49):

I WILL EXPLAIN

Med says to (08:19:52):

IN A SECOND

OK

I AM NOT GOING TO GET BENT ON ONE ARTICLE

I WANT TO SEE A PATTERN

mailman17 says to (08:29:46):

LET ME ELEABORATE ON WHY SHABS HAS TO STAY IN COUNTRY

FIRST OFF

THE SMALLS ARE IN PLACE

AND SHABS DOES NOT NEED ANYONES APPROVAL FOR A RATE CHANGE...OR IN THIS CASE AN RV...SAY AROUND PAR OR 1-1\

BUT WHAT SHABS DOES NEED IS THIS

APPROVAL OF THE RELEASE OF THE SMALLS

THAT IS IN THE CONSTITUTION AND UNDER PARLIMENT

NOW

THE IMF DID WANT THE FINAL REPORT ON NOT ONLY THE CBIS FINAL NUMBERS

BUT THE 7 STATE BANKS

THAT IS WHAT SHABBS WILL BRING TO PARLIMENT WHEN CALLED IN FOR THE RV/RELEASE OF THE SMALLS

BUT HE HAS TO BE THERE

THAT IS WHY MALIKI TOLD HIM MORE OR LESS...YOUR NOT GOING ANYWHERE

CAUSE THIS CRAP ABOUT TO HI THE FAN

mailman17 says to (08:33:02):

OK..MEDS TURN....

Med says to (08:33:08):

OK

ON ALI

I BROUGHT IT UP

BECAUSE I KNEW THAT SOME HAD TO HAVE IT IN THE BACKS OF THEIR MINDS

AND I WANTED YOU ALL TO DISCUSS IT

AND GIVE RESPONSES

AND THAT BASICALLY

WHO GIVES A CRAP

WHAT HE DOES

):

I THINK HE HAS TROUBLES

AND THEY HAVE NOTHING TO DO WITH THE POSSIBLE CHANGE IN WHAT IRAQ MAY BE DOING

I THINK THEY ARE PERSONAL

AND PROBABLY TO DO WITH HIS BUSINESS PRACTICES

HERE IN THE U.S.

ALSO

AS I SAID HE MADE A VERY BAD MOVE

IN ALIGNING HIMSELF WITH ONE SITE

NOT THINKING

THAT SOMEDAY

THERE WOULD BE ONE THAT WAS MUCH BIGGER THAN THAT ONE

AND HAVE MORE IMPACT

ON HOW U.S. CITIZENS DEAL WITH HIM

I support AS DOES MM17

USING U.S. BANKS

IT IS SAFE

SallyDS says to (08:36:28):

Med, if his problems weren't personal, then that is - n effect - saying his problems control the country of Iraq..and even I can't buy that!

Med says to (08:36:37):

BOTTOM LINE

I DON'T BUY IT EITHER

I JUST THINK IT IS BEST THAT PEOPLE SPEAK ALSO

THEN IT SINKS IN MORE

I DONT THINK IT SHOULD BE JUST ABOUT ME SAYING THIS IS THE WAY

OR IT IS THAT WAY

WE NEED TO HAMMER IT OUT

AS A GROUP

NOW

MAJOR ISSUE

AND AS I SAID

AND ONE THAT ALSO MM17 TOUCHED ON

THE IMF WANTED AN AUDIT

AND ACCOUNTABILITY

WANTS TO KNOW

WHAT IS REALLY OUT THEIR

mailman17 says to (08:39:05):

FINAL NUMBERS

Med says to (08:39:09):

IF THE IMF REALLY DOESNT HAVE THE RIGHT NUMBERS

THEN LETS SAY THEY GO INTO A BASKET

HOW DO YOU DETERMINE IT ACCURATELY

YOU JUST DONT GO INTO IT

WITH WELL A GENERAL FIGURE

THEN WHEN THE REAL NUMBERS COME OUT

IT COULD HAVE A HUGE IMPACT

UP OR DOWN

NOW THE REMOVAL OF ALL SANCTIONS

IS NUMERO UNO

THIS WAS LIKE MOSES PARTING THE RED SEA NEWS

IT OPENED UP A PATH

THAT WAS NOT AVAILABLE TO THE JEWS

OR TO THE IRAQI'S

THE PAST 20 YRS

FREEDOM TO MOVE ABOUT THE WORLD

AND JOIN THE WTO

THEY NOW CAN HAVE A TRADEBALE CURRENCY

THEY NOW CAN TRADE WITH ANYONE

WITH A TRADEABLE CURRENCY

U.S. COMPANIES SHOULD BE ABLE TO SOON

DO ALMOST ANY TYPE BUSINESS WITH IRAQ

THIS IS HUGE

HUGE

HUGE

NEWS

AND A TOTAL SURPRISE

mailman17 says to (08:43:21):

WITH A RATE THAT IS STABLE AND CONTROLLABLE AND BACKED BY THE IMF

Med says to (08:43:25):

I DOUBT ANYONE SAW THIS COMING

Med says to (08:43:29):

YES MM17

THAT IS WHY THE ACCOUNTABILITY IS SO IMPORTANT

REMEMBER BACK

IN MAY 2010

THE FIGURE CAME OUT

FROM AN ARTICLE THAT GUARDIAN POSTED

THAT IRAQ HAD 9 TRILLION IN

Med says to (08:45:48):

INFLATION

THEY HAD 9 TRILLION IN INFLATION

THEY USED THAT TERM

IT WAS USED INSTEAD OF EXCESS LIQUIDITY

SO IS THIS ONLY FOR IRAQ

OR IS THIS ALL OTHER COUNTRIES INCLUDED

SEE

IN THE STABILIZATION FOR DEVELOPING COUNTRIES

IMF REPORTS ON IRAQ

THAT IS ALL IT SHOWS

AS BEING IN HARD CURRENCY GLOBALLY

FOR IRAQ

NOW THEY HAVE A TOTAL

OF SOMEWHERE IN THE RANGE OF 26 TO 32 TRILLION DINAR

neo says to (08:47:50):

what about oil futures

Med says to (08:47:56):

BUT THAT IS ALSO ALL ACCOUNTS

NOT TO DO WITH HARD CURRENCY

mailman17 says to (08:48:05):

WHICH A GOOD % IS VIRTUAL

Med says to (08:48:19):

NOW I DONT KNOW THAT THEY EVER SOLD OIL FUTURES YET NEO

THEY DID TALK ABOUT IT ABOUT 2 YRS AGO

BACK WHEN THEY WERE GOING TO REVALUE

BACK IN NOV 2009

AND USE IT TO BACK THE DINAR

ALONG WITH GOLD

AND OTHER FOREIGN CURRENCY ASSETS

HELD BY CBI

mailman17 says to (08:49:50):

THEY STILL WILL, BUT LIKE THE AUDITS, THOSE OIL NUMBERS WERE NO WHERE WHERE THEY ARE NOW...

Med says to (08:49:51):

I AM SURE THAT THERE WILL BE MORE

I EDITED SOME OF THE ARTICLE

THAT ADDRESSED THE REMOVAL OF SANCTIONS

NOW ONE THING

IRAQ DOES NOT WANT TO PAY TWICE

TO THESE COUNTRIES

I AM SURE MANY ARE HOLDING BILLIONS IN DINAR

BESIDES THE DEBTS OWED THEM

THEY SURELY DONT WANT TO PAY THEM BILLIONS IN A REVALUE

AND ALSO PAY BILLIONS IN DEBTS

ALSO

SO I AM SURE THEY ARE SCRAMBLING

TO FIGURE OUT HOW THEY CAN MAKE THIS LESS PAINFUL FOR IRAQ

AT LEAST ON THE DEBT PART

neo says to (08:52:59):

dollar-denominated debt securities are a big challenge

Med says to (08:53:15):

IRAQ CANNOT FORCE ANYTHING OUTSIDE IRAQ'S BORDERS

THEIR HANDS ARE TIED ON WHAT IS GOING TO HAPPEN WITH THE DINAR GLOBALLY

neo says to (08:54:51):

I agree that not just Iraq but in the region, sovereign debt crisis is on the edge of collapse

Med says to (08:54:51):

OK THAT IS KIND OF MY THOUGHTS

YES IT IS

mailman17 says to (08:55:03):

WHICH BRINGS US TO THE EURO-UNION WHO BARELY SCRAPED TOGETHER ENOUGH TO BAIL OUT GREECE...

FOOD FOR THOUGHT

Med says to (08:55:15):

YES IT IS

AND THE IMF

mailman17 says to (08:55:27):

BINGO

Med says to (08:55:30):

USED UP ALLOT OF IT'S RESOURCES

TO BAILOUT OUT THE EU

THEY HAD ABOUT A TRILLION

REMEMBER FROM THE 2010 MEETING

DONATED BY THE G20 COUNTRIES

AND NOT MUCH IS LEFT

THE DINAR WOULD BE A BOOST

TO THE IMF

AND THE PAYMENTS OWED THE IMF

BY IRAQ

AND THEY CANNOT SKATE THE IMF

OR WORLD BANK

ON THE LOANS

IRAQ HAS AN ESTIMATED

360 BILLION IN DEBTS

TO THE INTERNATIONAL COMMUNITY

120 BILLION ALONE TO THE GULF REGION

AND 60 BILLION OF THAT IS TO KUWAIT

AND SAUDI ARABIA

AND THE GULF REGION

HAS TOLD IRAQ

NO FORGIVENESS

YOU ARE GOING TO PAY US

SO THAT IS ALL THAT WAS ON MY MIND

THAT I WANTED TO DISCUSS

AND TO ME

THE NEWS WAS JUST AMAZING

NOW AM I SAYING RV TOMORROW

NO

BUT THE PIECES ARE BEING PUT INTO THE RIGHT HOLES

OR SQUARES

OR CIRCLES

AND AS IT UNFOLDS

I SAY TO MYSELF

I HAD NO CLUE

BUT MAKE SENSE

mailman17 says to (09:00:53):

AWESOME NEWS...ONE THING TO PONDER

IF

IRAQ WASNT READY TO PULL THE TRIGGER

THEY IN NO WAY WOULDNT HAVE RELEASED THE INFO ON THE SMALLS

Med says to (09:01:38):

NOPE

THEY WOULD NOT

AND THIS BS

THAT IS BEING INTERJECTED

mailman17 says to (09:01:53):

THEY WOULDNT HAVE ISSUED THE COUNCIL UNANIMOUYSLY APPROVING IT

Med says to (09:01:59):

ALONG WITH NEW NEWS

TO THROW THINGS OFF

IS JUST THAT BS

mailman17 says to (09:02:06):

AND BEING SENT TO PARIMENT

Med says to (09:02:15):

THEY GIVE A NEW STATEMENT

mailman17 says to (09:02:21):

WE HAVE BEEN IN THIS TOO LONG TO BE SNOOKERED...LOL

Med says to (09:02:26):

THEN ADD IN THE SAME OLD SAME OLD

THAT HAS BEEN SAID BY SALEH SINCE FEBRUARY OF 2010

WE HAVE TO ORDER NEW DENOMS

THEN HE SAYS THEY HAVE THEM

THEN THE NEWS DOES A FILLER

mailman17 says to (09:03:01):

THE WHEN IS CLOSE..OTHERWISE WHY NOT DELAY IT GOING TO THE COUNCIL?

WHY NOT WAIT?

Med says to (09:03:16):

YES EXACTLY

IF THEY HAD NO INTENTIONS

OF MOVING FORWARD

THEN IT WOULD NOT EVEN BE IMPORTANT

TO HAVE IT SENT FORWARD

mailman17 says to (09:03:47):

AND WHY RELEASE THE TONS OF NEWS PERTAINING TO THE REMOVAL OF THE 3 ZEROES?

Med says to (09:04:00):

THEY HAD TO PUT IT OUT

mailman17 says to (09:04:03):

ESPECIALLY TO THEIR PEOPLE

WHY?

Med says to (09:04:10):

IT WAS PART OF THE EDUCATION PROCESS

mailman17 says to (09:04:14):

BINGO

Med says to (09:04:17):

FOR THE PEOPLE OF IRAQ

NOT FOR US

mailman17 says to (09:04:26):

AND THAT WAS NEEDED PRIOR TO A RATE CHANGE

Med says to (09:04:28):

FIRST AND FORMOST

THEY HAVE TO MAKE SURE IT DOES NOT FAIL IN IRAQ

LIKE THE COINS DID

CBI

HAS TO MAKE SURE THAT THE DINAR IS THE CURRENCY OF CHOICE

BY THE PEOPLE

AND THE USD IS NOT

THE SANCTIONS BEING LIFTED

WILL ALLOW FREE MARKET ECONOMY

TO MOVE FORWARD

IT WILL ALLOW FOR PRIVATE ENTREPENUERS

TO START THEIR OWN BUSINESS'S

BY BEING ABLE DO WHAT FREE MARKET MEANS

IT IS CALLED CAPITALISM

AND IRAQ NOW WILL HAVE THAT CHANCE

REMEMBER

IN THE U.S.

HOLD ON

BRB

mailman17 says to (09:07:37):

PLEASE LISTEN TO ELEVATOR MUSIC WHILE WE WAIT...

REMEMBER...IN ANY RV IN HISTORY...MISINFORMATION IS AT ITS HIGHEST AT THE END..

BUT IRAQ IS TELLING US EVERYTHING WE WNAT TO KNOW EXCEPT THE DAY AND RATE

Med says to (09:09:35):

OK

BACK

ON WHAT I WAS ELUDING TOO

I AM NOT SURE WE ALL REALIZE

THAT IN THE U.S.

SMALL BUSINESS IS RESPONSIBLE FOR OVER 50% OF THE EMPLOYMENT

IN OUR COUNTRY

AND THIS IS WHY

WE HAVE PREACHED THE PRIVATE SECTOR DEVELOPMENT

SO MUCH IN IRAQ

THE SAME CAN BE A HUGE HELP

FOR PUTTING PEOPLE TO WORK

mailman17 says to (09:11:06):

ALSO CALLED INFRASTRUCTURE

Med says to (09:11:15):

AND RELIEVING THE PRESSURES OF UNEMPLOYMENT

YES

A GOVT CANNOT support AN ENTIRE COUNTRY

WITH JUST THE OIL REVENUES

THEY SPEND WAY TOO MUCH

ALREADY

AND ALL THE PEOPLE ARE GETTING IS CRUMBS

OK THAT IS ALL I HAVE

ANY ?'S

baileyboy says to (09:17:12):

Sorry to interup. But I didn't catch the whole chat. Med were you just going over the news from yesterday? so security is done and chapt.7 is done? Did I miss anything else?

Med says to (09:17:34):

I NEVER SAID SECURITY WAS DONE

AND I ONLY SAID THE SANCTIONS ARE REMOVED

I STILL THINK THEY ARE UNDER CHAPTER VII

THERE IS A DIFFERENCE

I HAVE NOT SEEN A VOTE ON THE ORIGINAL CHAPTER VII

WHICH IS NOT ABOUT SANCTIONS

THE SANCTIONS ARE ADDITIONAL TO THE ORIGINAL WORDING OF CHAPTER VII

CHAPTER VII

IS ACTUALLY

THAT IRAQ IS A THREAT

TO THE REGION

baileyboy says to (09:19:02):

Ok was confused on the internal secrity law that was approved

Med says to (09:19:11):

I HAVE NOT SEEN IT

ALL THE OTHER UNSC RESOLUTIONS

ARE OR WERE ADDED

TO THE ORIGINAL VOTE ON CHAPTER VII

Dinar Mark says to (09:21:01):

After all of this discussion, I am still a little confused. The possibilities of this happening soon or will it take the rest of the summer. Or is it all just a big guess???????????????

mailman17 says to (09:21:48):

TICK TOCK DM....IMO

JUST THINK WE ARE THAT CLOSE....IMO

Aunt Gwennie says to (09:27:32):

ok..this week maybe?

Med says to (09:27:51):

AG

NO

IT WOULD BE IMPOSSIBLE

THE VOTE FOR PARLIAMENT

HAS TO COME

AND PARLIAMENT IS OFF

TILL THE 11TH

Aunt Gwennie says to (09:28:41):

waiting on parliament then(as always)

Med says to (09:28:46):

YES

WE ARE

BUT IT IS BETTER THAN THE HUNDREDS OF THINGS

WE HAVE WAITED FOR

OVER THE LAST 6 YEARS

mailman17 says to (09:29:52):

NOT TO MENTION...PARLIMENT CAN ALWAYS HAVE AN EMERGENCY SESSION TAKE PLACE...THAT HAS HAPPENED IN THE PAST...

pillsbury says to (09:39:39):

I know that mm17 brought up about the payment to the imf on 11 july 2011 why would parliment be out until the 11th without this being addressed

Med says to (09:40:14):

WE JUST DISCUSSED THAT ON THE PHONE PB

I SAID THE SAME THING

pillsbury says to (09:41:06):

ok well i just figured that is they drop dead date to me

Med says to (09:41:40):

PB

THERE IS NO SUCH THING

WHEN DEALING WITH IRAQ

THEY HAD A DROP DEAD DATE

BACK IN OCT 09

ON THE ELECTION LAW

AND JUST BLEW IT OFF

busman says to (09:42:39):

Med Gm, if iraq misses payment to imf, could it come out of US proyected funds?

Med says to (09:42:47):

NO

guardian says to (09:42:56):

the three zeros were approved by the cabinet on June 21st, but news only came out June 29th, maybe parliament approval news is delayed also

Med says to (09:42:56):

IT CANNOT

mailman17 says to (09:43:03):

THE 11TH IS JUST ANOTHER PIECE OF THE PUZZLE...THATS ALL...BUT AN IMPORTANT ONE...

Med says to (09:43:09):

IT COULD BE GUARDIAN

Dinar Mark says to (09:43:13):

Well if the IMF is in the middle of an audit, they might cut Iraq some slack

Med says to (09:43:14):

YES THAT IS POSSIBLE

THIS COULD ALL BE DONE ALREADY

AND WE NOT HAVE ANY CLUE

pillsbury says to (09:43:59):

we know that the payment has to be paid in dinar to the imf right

mailman17 says to (09:44:00):

SOMETHING LIKE THIS...ONCE APPROVED WOULD BE ACTIVE THAT DAY...SO THAT TELLS ME THEY HAVE A DATE SET TO VOTE ON THIS

Med says to (09:44:01):

AND THAT SHABS HAS A DATE IN MIND

TO PUT THIS IN MOTION

mailman17 says to (09:44:29):

EXACTLY

Med says to (09:44:32):

ONE THING

AND I NEVER EXPECTED

PARLIAMENT TO VOTE

AND THEN THAT DAY IT RV

OR RAISE THE ZERO'S

busman says to (09:45:02):

MM17 i think special session is a very real thought

Med says to (09:45:22):

THERE WERE TIMES

BUSMAN THAT THEY TRULY NEEDED ONE

Med says to (09:45:39):

AND THEY DID NOT MAKE A MOVE

mailman17 says to (09:45:41):

BUS..VERY WELL COULD BE...SOMTHING THIS BIG WILL NOT SHOW UP ON A DOCKET

busman says to (09:46:26):

this is a BIGGee don't u think med

Med says to (09:46:33):

OH OF COURSE

BUT IT IS ALSO THE BIGGEST GAMBLE

THAT IRAQ HAS ENCOUNTERED

Dinar Mark says to (09:47:02):

Was it a bit of a suprise for Iraq on the sactions being lifted???

Med says to (09:47:14):

IT WAS A TOTAL SURPRISE

I WAS IN AWE

ALSO I SEE THAT THE U.S. IS LIKELY TO STAY IN IRAQ FOR ANOTHER 5 YRS

THAT IS A HUGE HELP

FOR US

busman says to (09:48:04):

we knew that was coming

Med says to (09:48:11):

YES

BUT WE DIDNT KNOW HOW MUCH TROUBLE SADR

WAS GOING TO MAKE ABOUT IT

AND WITH IRAQ NOTHING IS GUARANEED

I MEAN JUST LOOK AT WHAT HAS TRANSPIRED

WE LOOK AT IT AS IF WE HAVE JUST SAT

AND ALL WAS IN NEUTRAL

BUT

IT WAS NOT

WE FIRST HAVE TWO MEETINGS IN DECEMBER

WITH SHABS AND PARLIAMENT

THEY SEEMED HARMLESS ENOUGH

THEN WE FIND OUT THAT THE RAISING OF THE ZERO'S

WAS GOING TO BE SENT IN THE FORM OF A DRAFT TO THE COUNCIL AND PARLIAMENT

WE ALSO FIND OUT THAT THEY DO HAVE NEW DENOMS

IN SUFFICIENT QUANITITIES

TO START THE PROCESS

HUGE NEWS

AND A SURPRISE

BECAUSE SINCE FEB OF 2010

SALEH HAS SAID THEY NEEDED TO BE PRINTED AND ORDERED

AND IT WAS PARLIAMENT WHO HAD TO APPROVE THEM

WE KNOW THAT THE IMF

HAS STATED ONE CURRENCY

WE KNOW THE IMF SAID PART OF THE LOANS

THEY HAD TO RAISE THE ZERO'S FROM THE LOCAL CURRENCY

REMEMBER LOCAL

THAT IS ALL THEY HAVE AUTHORITY ON

WE KNOW THEY WANT TO IMPROVE THEIR STATUS IN THE IMF

MOST LIKELY MOVE FROM ARTICLE XIV

TO ARTICLE VIII

WE KNOW NOW THAT THE IMF

HAS REQUESTED AN ACCOUNTABILITY OF ALL ASSETS

THAT ENTAIL DINAR

WE JUST FIND OUT THAT ALL SANCTIONS

HAVE BEEN REMOVED BY THE UNSC

AND IRAQ NOW IS REALLY FREE TO MOVE FORWARD

BUT

HAS TO PAY 5% STILL TO KUWAIT

OR ELSE

WE KNOW THAT THE U.S. IS STILL PROTECTING

IRAQS ASSETS

BUT ALL OTHER ASSETS ARE OPEN SEASON

FOR DEBTORS

SO THAT IS WHAT HAS HAPPENED FROM DECEMBER TILL NOW

OH

WE ALSO KNOW THAT THE DRAFT WAS SENT FORWARD

AND THE COUNCIL APPROVED IT

AND THAT ONLY ONE ISSUE SEEMS TO BE LEFT

OR HAS NOT BEEN RELEASED

TO THE PUBLIC

THE FINAL VOTE BY PARLIAMENT

SO THAT IS THE PAPER TRAIL OF FACTS

ON JUST THE LAST 7 MONTHS

getreill12 says to (09:56:56):

hey Med (}),what are the implications for missing the 11th payment date....monetary,sanctions??....is it a biggie or petty?

Med says to (09:57:06):

IT IS PETTY

THEY DID ALREADY

OTHERS

I AM SURE THAT THE IMF

HAS TALKED TO IRAQ

AND THEY KNOW WHAT AND WHERE THEY STAND

Got-UR-back dino says to (09:58:14):

Hello all. Anyone know if Iraq banks are still closed for audit? Apologize if already answered.

Med says to (09:58:37):

DINO

NOT SURE

alk4316 says to (09:58:43):

med can you explain for many that chapter 7 and article 8 the difference

Med says to (09:58:44):

UMMM

Dinar Mark says to (09:58:49):

Will that vote in parliment be a public release or done in closed session???????????????

Med says to (09:59:02):

WELL DM

DID WE KNOW ABOUT THE COUNCIL

AND USUALLY

ALL COUNCIL VOTES ARE PUBLIC

RIGHT AWAY

OK

ON CHAPTER VIII

CHAPTER VII

THAT IS A UNSC ISSUE

ARTICLE VIII IS AN IMF ISSUE

CHAPTER VII WAS THE ORIGINAL VOTE

THAT PUT IRAQ AS A THREAT

TO PEACE IN THE GULF REGION

AND ALLOWED INTERVENTION

BY COALITION FORCES

ALL THE UNSC RESOLUTIONS THEN

THAT WERE PASSED ARE THEN SUBSEQUENTLY PUT UNDER THAT ORIGINAL VOTE OF CHAPTER VII

NOW ARTICLE VIII

IS MOVING IRAQ FROM ARTICLE XIV

WHICH ARTICLE XIV IS A RESTRICTED MEMBERSHIP

WHERE ALL THINGS ARE CONTROLLED BY THE IMF

MOVING TO ARTICLE VIII

WILL OPEN UP THE DOORS TO TRADE

AND REMOVE THE LIMITATIONS

ON THE CURRENCY

THAT HAS PLAGUED THE DINAR

UNDER ARTICLE XIV

THEY FALL UNDER A CRAWLING PEG

AGAINST THE USD

AND RIGHT NOW THE PEG IS IN NEUTRAL

BUT UNDER VIII

THOSE ARE NO LONGER IN PLACE

THEY CAN MOVE TO A BASKET OF CURRENCIES

OR A PURE FLOAT

OR A DIRTY FLOAT

NOW I AM ONLY EXPLAINING THE FACTS

AS WE KNOW THEM

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Thanks for the post...My question is when the refer to the IQD as not an international currency, do they really mean a currency with any value, I'm pretty sure that it has been stated that the IQD is a international currency....Just curious....I wish this would just end win or loose...

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[quote name='bluejay' date='05 July 2011 - 10:52 AM' timestamp='1309888360' post='559301']

Thanks for the post...My question is when the refer to the IQD as not an international currency, do they really mean a currency with any value, I'm pretty sure that it has been stated that the IQD is a international currency....Just curious....I wish this would just end win or loose...

I believe meaning that the IQD is not recognized in banks.... for example, if you try to take your IQD at Bank of America (or any other bank in USA), you cannot exchange it for USD. And it does no good for outside contractors that work in IRAQ to accept IQD.... they can't excahnge it at their banks for the contries currency to pay workers. Currently, until the mechanism goes in place for the international banks to accept IQD to exchange into their currency, it is basically worthless and not considered an "international currency".

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I think it was AC who posted about a week ago that Shabbs was under lock down of sorts and he also claimed Shabbs was not at the bank meeting in Rome.

I think Med may have some insite as to why M didnt want Shabbs to leave the country....He is in fact the brains... of the RV..lol...anyway sounds reasonable.

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