Sparkplug yes that one part was said incorrectly but if you will remember what that economist who was part of this whole plan just laid out was exactly what our DD on this board came up with when we started 3 years ago.

Everything stated by him can be found on this board and has been here for years with the exception of one thing...and that is the destruction of the IQD by the US Treasury.

Also if you will remember and it can also be found here on this board the CBI put out a tender 2 years ago for currency counting machines that count and also DESTROY currency.

These currency destruction machines were purchase for the exact plans laid out in that explanation.

Economist Explains How The Plan To Have The IQD RV at 1 IQD = $1 USD Should Work!


Posted somewhere else:

In our 40+ year career as a Retirement Consultant we have been blessed to meet some very talented professionals. One of them is a retired State Dept. economist who introduced us to the IQD investment in 2005. He had worked on the original plan to install a new monetary system for Iraq after the 2003 invasion.

He had originally indicated that the plan was for the IQD to achieve financial parity with the USD over a 7-10 year period from the introduction of the new system. At that time the USD’s use would be completely discontinued and it would be replaced by the IQD for in-country use and international exchange. The variable factor in the timetable would be the political environment.

I visited with him recently and got an update on several issues:

(1) He indicated the original time table was proceeding on a fast track due to the financial management skills exhibited by the CBI and the Finance Ministry in (1) controlling the rate of inflation, (2) controlling the value of the IQD in a declining economic environment and (3) implementing a digital banking system both internally and externally, but the variable was still the political environment.

Like most economist he doesn’t talk in absolutes (i.e. rate/date) but in probabilities. His knowledge base is pretty current since he is still part of a subsection of the original group that Iraq, State Department and IMF financial people bounce things off of.

(2) We raised the issue of the large number of IQD reported as being in circulation (current estimates are at 25 Trillion). He indicated this was mostly made up of (1) in country physical currency, (2) the foreign currency reserves of the central banks around the world which are electronic, (3) currency that had been printed but not released (i.e. small denomination bills) and (4) privately held physical currency sold to increase the foreign currency reserves.

The export oil revenues are still under the control of the UN supervised DFI, and Iraq only gets roughly 30% of the fair market value of the oil they are selling, which is to be used only for budgetary expenditures. Since Shabbi, the head of the CBI, knew he couldn’t get anymore cash flow out of the controlled revenue system the IMF/UN had him under, he opened a currency sales window at the daily auctions to tap into the wallets of the worlds speculators. Worked pretty good, since he’s built his foreign currency reserves to over $50 billion USD.

(3) We then moved to the removal of big bills (the ones with the 3 zeros on them) and he said that this activity was always built into the plan. The activity was to begin as soon as Iraq had implemented a modern digital financial system (i.e. bank branches, credit/debit cards, ATM’s, direct wire transfers etc.). The removal of the large bills in-country would be the reverse of the process that was used to remove the pre-2003 currency with Saddams picture on it. The example was a 25,000 IQD=$25USD/pre-rv note would be brought into the bank and exchanged for a 25 IQD note=$25 USD post/rv. The 25,000 IQD note would then be destroyed removing it from the currency in circulation account. I told him a lot of people would call that a LOP and he laughed, saying they are partially right, because 25,000 IQD was being lopped from the currency in circulation account, but the only reason for this process was to improve money handling ability at all organization levels, and reduce the actual physical currency in use in all areas of the Iraq economy.

Interestingly enough, he said this activity could happen in-country without an approved RV rate being released to the International financial system. I asked how much physical IQD did he estimated was in circulation in-country, and he said probably less than had been originally introduced in 2003 which was about $4.5 billion USD worth at an exchange rate of 2000 IQD = $1 USD, because there has been a continuous process of not replacing the larger bills as they wore out. In fact this has resulted in currency shortages in some areas.

(4) The next obvious question was how would the removal of the large bills with the three zeros work outside of Iraq, because of the number of world speculators holding IQD. He indicated, the amount of IQD held by speculators was relatively minor (less than 10%) compared to the IQD held as foreign currency reserve by the central banks of a number of major countries (US, China, England & France were the largest) with major financial interest in Iraq. He didn’t have an exact estimate of speculator holdings but ventured an educated guess of 750,000 individuals worldwide with the majority in the US. Estimated value of their holdings $1.5 Trillion – $1.7 trillion IQD.

The remainder of the discussion will be posted in Part 2.


__________________
IRS Circular 230 requires that those enrolled to practice before the IRS should state when general information is given, that it “SHOULD NOT BE CONSIDERED PROFESSIONAL ADVICE”. We strongly encourage all investors to consult with their own professional financial team.

Economist RV Explantion – Part II

--------------------------------------------------------------------------------

(5) Before discussing the planned process of how currency exchange would take plan after the IQD was released as an international tradeable currency, he asked if I remembered my economics 101 and what the real purpose of currency is? Yes teacher I replied, it’s a medium of exchange that facilitates the orderly distribution of goods and services among individuals, companies, country’s etc. The often used example, is the use of currency allows an automobile dealer to exchange a new mustang GT (composed of many diverse parts each with its own individual market value) for the cash down payment + bank financing check of a proud new owner, and each has received equal market value at the moment of exchange.

This is an important concept because the value of a particular currency may be defined by the value of what the currency can be exchanged for, instead of the usual underlying economic indicators.

The complete discussion was rather lengthy so here’s the executive summary of how the exchange should work with IQD owned by a US speculator:

(1) IQD is released internationally with an exchange rate of $1 USD = 1 IQD
(2) IQD is exchanged by Mr. & Mrs. X at Bank Y. Their exchange value is credited to their designated financial account, Bank Y forwards the IQD currency to the Federal Reserve and Bank Y’s account is credited at the bank private exchange rate. Yes, the banks will have a private rate and then they will add their profit spread to come up with their public rate. By law this bank spread could be as high as 8%, but it will be a competitive marketplace and the banks know investors will shop around. There is a possibility that there might even be a three rate structure (i.e. Treasury Rate – Bank Private Rate – Bank Public Rate) imposed, but he had no input on that subject.
(3) The Federal Reserve adds the value of the exchanged IQD to their foreign currency reserve accounts and destroys the actual physical currency under agreement with the CBI, which serves to reduce the total IQD physical currency in circulation. This build up of the foreign currency reserve accounts serves to strengthen the USD in the marketplace, because heretofore the US has never held significant foreign currency reserves, because there wasn’t any country whose currency was perceived as being equal to or stronger than the USD. The IQD with it’s commodity (oil+others) base, potential for agriculture growth and aggressive private development growth, has the capability to become the most valuable currency in the world in the 10 years after it’s revaluation and approval as an internationally recognized currency. Other countries have lots of oil, but they can’t feed themselves, they operate under a monarchy or religious tribunal and they have no private development system in place.
(4) Mr. & Mrs. X tithe to their church, local charity etc. which stimulates activity in that sector. They pay off their debts, making currency available for re-lending by their creditors. They buy a new house and car which stimulates their local economy and set up a conservative investment portfolio which adds capital to the investment markets. They also pay their estimated taxes which increases the cash flow to the US Treasury.
(5) The Federal Reserve under a controlled redemption plan supervised by the IMF, will use it’s foreign currency reserve IQD account to buy oil for the national strategic reserve, DOD reserves, other country reserves as part of international support agreements or resell it to private oil companies etc.

This gives the Federal Reserve a powerful market force capability to control the supply/price of imported oil which has far-reaching economic and national security implications.

The economics of this scenario look like this, using the exchange of a 10,000 IQD Note with a two-tier 2% bank exchange spread as an example:

(1) Mr. & Mrs. X get $9,800 credited to their non-interest bearing checking account.
(2) Bank Y gets a $10,000 credit to its Federal Reserve account, and by adding the $200 profit to their capital account, allows them to increase their lending cap by $2,000 under the 10% fractional banking model.
(3) The Treasury gets $3,500 in estimated taxes in the quarter after the exchange, because Mr. & Mrs. X are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the net cost of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).
(4) The Fed’s designated agent, at some point, orders $10,000 worth of oil from Iraq. Payment will consist of a 10,000 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.
(5) The $10,000 order is filled with 200 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)
(6) The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to 10,000 IQD (which had a net acquisition cost of $6,500 USD) for 200 barrels of oil (which has a net cost to produce of $130 USD.

Simply put, it cost Iraq $130 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $10,000 worth of oil for a net cost of $6,500. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Now let’s really stir the pot by:

(a) Having the DFI ($280+ Billion USD) plus other frozen assets (estimated at $100 billion) turned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.

(b) Then change the current fractional IQD reserve requirements of 100% to 15%. That just raised the total potential money supply value to $2.8 Trillion (430 billion/ 15), while at the same time the total physical IQD in circulation is being reduced by removing the large bills with the 3 zeros.

(c) Also execute the plan Iraq announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.

(d) To add a little more intrigue have the CBI continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market, think of their impact in public markets.

We leave it to your analytical ability to determine how high of an RV exchange rate IRAQ can really support. There is strong political pressure to set the initial rate at $3.22 USD = 1 IQD, so it can be proclaimed that IRAQ has moved back into the International community of nations and has re-established it’s currency at the internationally traded rate in effect before Saddam invaded Kuwait in 1990.

.__________________
IRS Circular 230 requires that those enrolled to practice before the IRS should state when general information is given, that it “SHOULD NOT BE CONSIDERED PROFESSIONAL ADVICE”. We strongly encourage all investors to consult with their own professional financial team.

UN urges Iraqis to respect certified poll results

April 1st

UNITED NATIONS - The UN Security Council urged Iraq’s political parties Wednesday to respect results of the country’s general elections and called on their leaders to refrain from inflammatory actions.

A non-binding statement issued by Gabon’s UN envoy Emmanuel Issoze-Ngondet on behalf of the 15-member council urged the parties “to respect the certified election results and the choices of the Iraqi people.”

Council members also called on Iraq’s political leaders “to avoid inflammatory rhetoric and actions,” according to Issoze-Ngondet, who chairs the council this month.

The members congratulated the Iraqi people and government on the successful March 7 polls and said they looked forward to the certification by the Supreme Court of the results announced last week.

Little progress has been made in forming a coalition government in the more than three weeks since the election, while negotiations between its main blocs have revealed key differences between the parties.

Hopes for rapid results have dimmed as ex-premier Iyad Allawi’s slim lead — his bloc won 91 parliamentary seats, two more than Prime Minister Nuri al-Maliki’s — has failed to give him a commanding negotiating position.

Council members said they took note of the findings of international and independent Iraqi observers “who affirmed their confidence in the overall integrity of the election.”

They also looked forward to the formation of the new government in a spirit of cooperation and respect for national unity.

Last week, UN special representative to Iraq Ad Melkert described the polls as “credible” after the country’s Independent High Electoral Commission said there was no evidence of systematic or widespread fraud in the counting of ballots.

On Tuesday, Allawi complained that Tehran was “interfering” in the political process to try to block his path by holding talks with all of Iraq’s major political groups except his secular Iraqiya bloc.

On Wednesday Iran denied it was meddling in Iraqi politics although Tehran stood ready to help


http://www.khaleejtimes.com/displayarticle.asp?xfile=data/middleeast/2010/April/middleeast_April7.xml§ion=middleeast&col=

April 1, 2010

APRIL 1ST - PROGRESS REPORT DUE ON IRAQ

~ snip

“3. Requests the Secretary-General to provide written reports to the Council on a quarterly basis, with the first report no later than 1 April 2010, to include details on progress made in strengthening financial and administrative oversight of the current Development Fund for Iraq, as well as the legal issues and options to be considered to implement successor arrangements and an assessment of the Government of Iraq’s progress in preparing for the successor arrangements for the Development Fund;

“4. Calls upon the Government of Iraq to put in place the necessary action plan and timeline by 1 April 2010 and to ensure the timely and effective transition to a post-Development Fund mechanism by 31 December 2010, which takes into account IMF Stand-By Arrangement requirements and includes external auditing arrangements and enables Iraq to meet its obligations as established in the provisions of paragraph 21 of resolution 1483 (2003); *** New Mechanism to Guarantee Protecting Iraqi Money

“5. Requests the Government of Iraq through the head of the Committee of Financial Experts (COFE) to report to the Security Council on a quarterly basis, with the first report no later than 1 April 2010 to provide an action plan and timeline for the transition from the Development Fund and details on the progress made in strengthening financial and administrative oversight of the current Development Fund for Iraq, with subsequent quarterly reports to provide an assessment of progress against the action plan and oversight improvements;


http://articlesofinterest-kelley.blogspot.com/2010/03/april-1st-progress-report-due-on-iraq.html

They are saying pricing valuation in the markets will remain the same. No hyperinflation.

IMHO

What’s Ahead for the Iraqi Dinar?

March 30th 2010

It’s generally accepted internationally that the elections in Iraq were, in the main, free and fair, but former prime minister Ayad Allawi’s narrow margin of victory means the results will be challenged.

Prime Minister Nouri al- Maliki’s Shiite Muslim State of Law alliance filed a complaint on Tuesday with the Supreme Court, asking for a recount in several areas. When the dust settles, the Sadrist Iraqi National Alliance (INA) could be the kingmaker, having secured a strong third place.

Meanwhile, plans to re-base the Iraqi currency, the dinar, appear to be going ahead, but the exact timing of the change is still to be decided. The new dinar will be worth one thousand times the old one, which will help facilitate trade and foreign exchange, but will be otherwise neutral in terms of valuation.

While the local currency has gained in value in recent years, the planned increase in petroleum production, and the expected boom that this will create in the domestic economy, have led many to speculate that the dinar will continue to strengthen.

The dinar is already becoming more acceptable and credible as a means of exchange; mobile phone operator Asiacell just announced that it will change its tariffs and billing from dollars to dinars. And as AAIB’s Rob Edwards reports, his company will write insurance policies in either currency.

Where do you think the dinar is headed? We’d welcome your opinions in the comments section below.

http://www.iraq-businessnews.com/?p=1979

OT- WFA World Financial Authority


The concept of a world financial authority has been floating around for years and it seems to be picking up momentum. Last year, Pope Benedict xvi, released his 144-page encyclical, the third of his papacy, titled “Charity in Truth,” and deals extensively with the economy, business and finance. He recommends a world political authority and a new world financial order. Also, President Obama and President Sarkozy are pushing their agenda for a global financial overhaul. The next several months will prove to be very interesting. A global financial "overhaul" is expected by the end of 2010.


March 30, 2010


The New World Financial Order... and the ... WFA - The Missing Link.. To Be Controlled by the World Financial Authority...?



WFA: World Financial Authority.

A yet to be established section of the UN which, amongst other things, would exercise supervision over the activities of the IMF and the World Bank and the also yet to be established international investment funds designed to extend long-term loans to countries suffering from a shortage of capital.

A plan to reform international finance – the World Financial Authority (WFA) Plan.

Under such a plan, the IMF and other existing international financial institutions would be reformed and coordinated around a newly created WFA. The WFA would have two core functions.

First, managing the international liquidity, which implies reducing externalities arising from domestic monetary policies adopted by its members, and dealing with global liquidity problems involving financial activities of transnational private banks.

Second, helping countries to make their domestic monetary policies more effective, regaining traction and preventing contagion.

A central instrument to this end is the creation of the World Financial Unit (WFU), an international currency unit conceived as a synthetic security backed by reserves composed of currencies surrendered to the WFA by member countries. The WFA is being thought as a device to support the financial globalization, as well as helping governments to maintain their power to manage the domestic macroeconomic conditions, contain externalities, align incentives, and allow for more responsible policies.


___________________

Pope Calls for “World Political Authority” And a new world financial order



July 8, 2009



As the leaders of the G-8 states packed their bags and jetted to Italy Tuesday, Pope Benedict xvi provided some moral and spiritual direction to all attending the summit in L’Aquila. Released yesterday, Benedict’s 144-page encyclical, the third of his papacy, is titled “Charity in Truth,” and deals extensively with the economy, business and finance.

Benedict’s voluminous encyclical is widely perceived to be a strong argument for greater institutionalization and regulation of multiple global issues, including the global economy. Associated Press reported yesterday that in the communique, “Pope Benedict xvi called … for a new world financial order guided by ethics and the search for the common good, denouncing the profit-at-all-cost mentality blamed for bringing about the global financial meltdown” (emphasis ours throughout).

“Profit is useful if it serves as a means toward an end,” wrote Benedict, in what was widely perceived to be a slight against U.S.-style capitalism. “Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty.”

Although the pope’s condemnation of greed and selfishness as a central cause of the global financial crisis was accurate, it was his repeated admonition to world leaders to form an all-powerful regulatory body to govern a plethora of global issues that was especially noteworthy, and disconcerting.

“In the face of the unrelenting growth of global interdependence,” wrote Benedict, “there is a strongly felt need, even in the midst of a global recession, for a reform of the United Nations organization, and likewise of economic institutions and international finance, so that the concept of the family of nations can acquire real teeth.”

Benedict’s quest for far-reaching reform was even more explicit in the next paragraph:

To manage the global economy; to revive economies hit by the crisis; to avoid any deterioration of the present crisis and the greater imbalances that would result; to bring about integral and timely disarmament, food security and peace; to guarantee the protection of the environment and to regulate migration: For all this, there is urgent need of a true world political authority ….

According to the pope, the solution to some of the world’s most pressing problems—including the global economic crisis, disarmament, food security, immigration and environmental degradation—is the formation of a “true world political authority.”

Surely the only “world political authority” under which Pope Benedict xvi and the Vatican would willingly and consistently function, would be one in which the Vatican had a controlling influence.

And what significant group of nations do you think might be willing to subject itself to strong Catholic influence? There’s only one answer, really: Europe!

That’s why the pope’s call for the formation of new global regulatory bodies, and a new global political order, is so chilling. Really, Pope Benedict is speaking to European leaders. Ultimately, by calling for a new global political order, Pope Benedict xvi is shepherding the formation of what Bible prophecy says will be a German-led, Catholic-dominated global European empire.


http://www.thetrumpet.com/?q=6323.4778.0.0



U.S. and the EU Continue to Work Towards Sustainable Global Recovery ...

http://articlesofinterest-kelley.blogspot.com/2010/03/plan-to-reform-international-finance.html

Support your local bank and if possible avoid all private currency exchangers.

I feel is the safest way to buy and sell all currencies.

IMHO.

Thanks for the info. eom

YouTube radio talk show host talks of Dinar and Vietnam currencies

At minute 5 he says there is talk of a letter of intent to RV immediately, but he is skeptical. He thinks 5-6 more years til value reaches previous highs.

Thanks Tunner61. eom.

Repost Chapter 7 Package Deal

2/16/2010



Iraq predicts "package deal" will be reached with Kuwait after elections

UNITED NATIONS, Feb 16 (KUNA) -- Iraqi Ambassador to the UN Hamid Al-Bayati on Tuesday predicted that "a package deal" will be reached with Kuwait about "everything" after the Iraqi elections scheduled for March 7th.

Al-Bayati told KUNA following a Security Council meeting on the situation in Iraq that "a package deal about everything will be reached after the elections." He did not elaborate.

He later told reporters that there are three outstanding issues with Kuwait: the missing persons and property, the compensation fund and the border.

He recalled that Iraq paid more than USD 27 billion in compensation to those affected by the 1990 invasion of Kuwait, and is expected to pay USD 25 billion more.

"This issue will not be closed until all the compensations are paid in full, " he stressed.

"We are working to resolve all these outstanding issues. There are now good relations with the brotherly State of Kuwait. But this needs time and efforts, as there are newly discovered mass graves, and hopefully, we will find in them the remains of some Kuwaiti missing persons," he said For the sanctions regime, he said Iraq is no longer a threat to international peace and security and does not possess weapons of mass destruction (WMD).

"We believe it is high time for the UN to lift all sanctions and restrictions imposed on Iraq," he urged.

Ad Melkert, the UN Special envoy for Iraq, told reporters in answer to questions by KUNA "we are basically discussing the border issue with everyone, including the Iraqis. We are trying to come to a conclusion as soon as possible." Asked what the Iraqi objection is to allow the UN to send experts to maintain the border posts, Melkert said "I cannot be specific on that.

It has our attention because it is an important issue." On what is needed for Iraq to do to exit Chapter VII, Melkert said "we hope very much that soon after the elections it will be possible to work with the new Iraqi Government on resolving all issues that eventually would enable that, that includes the relation with Kuwait."


He said he held talks with Kuwaiti officials in Kuwait last month and "I intend to continue those conversations to bring the parties together as quickly as possible."

kuna

http://articlesofinterest-kelley.blogspot.com/2010/02/iraq-predicts-package-deal-will-be.html

End Chapter 7 Soon

March 29, 2010

An Iraqi delegation to Kuwait soon to end the outstanding issues

????? ? ???? ??????? Baghdad, Tariq al-Araji

Revealed the General Secretariat of the Council of Ministers draws near and Iraqi delegations to Kuwait to conduct dialogues on the outstanding issues between the two sides confirmed that the State Department made great strides in the process of removing Iraq from Chapter VII.

UN Secretary-General of the Council of Ministers on the Keywords in a statement the "morning" said the official delegations will travel to Kuwait to hold discussions regarding the resolution of outstanding issues with the Kuwaiti side as compensation and missing persons and the debt of Iraq and archives Amiri and other files.

He added that the understanding of the Kuwaiti side toward Iraq is not uniform, especially that some political figures are willing to support directed Iraq to finish the outstanding issues, while others insist to harden their positions

Adding that the government focused on the need to send delegations to Iraq to reach understandings that satisfies both sides.

Keywords stressed that the State Department cut off part of a long way to get Iraq out of Chapter VII and seriously pursued this matter since been resolved a lot of files with the Security Council, but stressed that one of the issues that remain outstanding associated with the file, noting that Kuwait's preoccupation with the Iraqi side of the parliamentary elections has to a delay resolution of this file is expected to be activated again in the next few days.

And on the committees formed to demarcate the borders with neighboring countries, said that these committees had been formed since the not inconsiderable but came up with some technical problems when working on the ground as required to provide logistical support such as provision of funds and mechanisms was emphasized on the need to meet these needs through the approach and the Ministry of Finance to provide financial allocations for these committees.

He pointed out that the success of the demarcation of the border depends on the availability of political will among these countries and therefore the first two-way Iraq is working and the other technical discussion with the neighboring countries for the success of this process for confirming a positive development in this regard.



alsabah

Not Allawi


Al-Maliki's forces detain, investigate winning Sunni candidates
By HANNAH ALLAM AND MOHAMMED AL DULAIMY
McClatchy Newspapers
Posted: Saturday, Mar. 27, 2010

BAGHDAD, Iraq At least four Sunni Muslim candidates who appear to have won parliamentary seats in Iraq on the winning ticket of secular leader Ayad Allawi have become targets of investigation by security forces reporting to the narrowly defeated Iraqi Prime Minister Nouri al-Maliki, according to interviews Saturday with relatives, Iraqi security forces and the U.S. military.

All four candidates ran in Diyala province, a restive mainly Sunni area north of Baghdad. One candidate who won more than 28,000 votes is being held incommunicado in a Baghdad jail, two other winners are on the run and the whereabouts of the fourth, a woman, are unknown.

Al-Maliki alluded to the cases in his televised refusal Friday to accept a loss in the March 7 parliamentary elections, saying of unnamed rival candidates: "What would happen if some of them are in prison now on terror accusations and they participated in the elections and might win?"

Read more: http://www.charlotteobserver.com/2010/03/27/1340908/al-malikis-forces-detain-investigate.html#ixzz0jUDblXks

Well that is the result of them allowing the suspected Bathist to run.

If you will remember they were all blocked and Obama and Biden had a fit and said the elections must be free and open.

So they struck a compromise and said IF any of the suspected terrorist win they will then be investigated.

Well..that is what happened.

I read about theses guys 2 weeks ago and they said there were 4 people running for office that were under suspicion of murder. (Road side bombings).

So it looks like because of Obama and Biden forcing their will on the government of Iraq they have now elected 4 known terrorist.

So as agreed upon pre election they will now be investigated and if found guilty arrested and charged.

If this blows up into a mess you can thank our leaders in Washington DC for causing the problem.

I have some of that (Yuan) but not a huge amount. From what we (me and my much better half) have found is that this whole event is global and involves all major nations.

Everything is separated into regional and then the regional will be linked also.

Way too much info to even begin to share.

When we first started doing our DD on the IQD we had our Iraq blinders on.

After time things became evident and lead to lines of investigation that showed a much broader and interesting picture.

Many months ago while I still had my Iraq only blinders on one of Panheads research group (MrsCK) was saying there was a problem with China over an issue that was stopping forward movement in Iraq.

To me with my blinders on that was funny at best and that prompted me in full jack@ss mode to ask "So what does that have to do with the price of tea in China?" lol!

Well that line of thought launched us into DD in a different direction and what we found astounded us both...and that was the basis and frame work for what is currently happening world wide.

In short...the global redistribution of wealth that is being coordinated by the UN.

And what does that have to do with the price of tea in China?

Everything.

Strange days and stranger times.

God help us all and go Dinar!

The rate change has nothing to do with the Parliment. The rate change is in the hands of the CBI and is being coordinated with the IMF and UN.

So it can happen this weekend...or next week or next weekend.

Thanks for the DD Panhead. No link required.

Sometimes we can't find the links and that is ok...some of the best things ever found have been when searching for links and while doing so we find even more parts of the machine.

So DinarRV663 enjoy the hunt...you never know what you may find!

Agree on the China thing. eom.

Nice find!

"The Undersecretary of the Ministry of Finance of Iraq that "pressure from the International Monetary Fund on Iraq are many, in order to make it in the ranks of the capitalist countries, and this is achieved in stages, not all at once," indicating that "the IMF gave its approval for this.""

Any attacks on you should be pointed out and reported as TOU violations.

Look for the "Report this post" button at the bottom.

Nada...all quite in rumor city. eom

Everyone has a right to voice your view as long as that view is not a personal attack or threat on someone else.

If you think it will lop...fine...if you think it will RV fine.

Blatant libel not fine.

Stay on topic and take personal issues to pm or e-mail.

ema-266

No change. Also it is the CBI working with the IMF and UN that will coordinate the rate change.

The Iraqi Parliment has nothing to do with it.

The UN is pleased so far...and that is very important.

So no change.

I have never seen proof of that claim.

Also...an IMF loan can be paid back in any currency and can even be paid in gold.

So that info you have is nothingg but false BS put out on the dinar forums.

fwiw.

Court Decision Before Iraq Vote May Complicate Result

It may take until July 1st to seat the new government but only if there are NO delays.

BAGHDAD — Ayad Allawi may have been the top vote-getter in Iraq’s election, but a little-noticed court decision may still make it possible for incumbent prime minister Nuri Kamal al Maliki to get first crack at forming a government.

Mr. Allawi won a plurality, 91 seats in the parliament to 89 for Mr. Maliki, in results announced Friday, and it was widely assumed that under Iraq’s constitution, as the head of the bloc with the most seats, he would be asked by the president to make the first attempt to form a government, and given 30 days to do so.

However, on Thursday, the day before the vote results were announced, the prime minister’s office quietly went to the Supreme Federal Court, Iraq’s highest court, and asked for an interpretation of Article 76, which the court issued speedily — and in Maliki’s favor. The court ruled that the president would choose not the leader of the voting bloc with the highest number of seats when the results are ratified, but the leader with the most seats after the new parliament is seated.

That gives both candidates until June to maneuver to win over candidates from other alliances. The candidate with the first opportunity to put together a government has an enormous negotiating advantage, because he has the first 30 days to try to find a ruling coalition. Mr. Maliki, who remains as caretaker until the new government, has the additional advantage of incumbency during the deal-making process. On the other hand, Mr. Allawi could still be given the first chance to form a government if Mr. Maliki cannot put together a majority.

If the first one fails, the second strongest alliance will have just 15 days to try again.

Both candidates, in their initial public statements, immediately began trying to woo away followers of their opponents. “We are in the process of forming a sufficient coalition to form a government, and we have a lot of people who want to join us,” Mr. Maliki said Friday, minutes after results were announced. “If some blocs that exist within the Iraqiya list wanted to come, we would welcome it.”

Mr. Allawi, who heads the Iraqiya list which defeated the prime minister’s State of Law list, responded similarly at a press conference Saturday. “The Iraqiya list is open to all slates, starting with the State of Law list and the Iraqi National Alliance and the Kurdistan Alliance,” he said.

Under Iraq’s election system, a variety of parties form alliances and run together on joint lists, but once parliamentary members are elected, there is nothing to prevent them from changing their allegiances.

The Iraqi supreme court’s interpretation of Article 76 will be controversial, but legal experts said it is binding.

With Mr. Allawi winning not only the most seats in parliament, but also the most popular votes, there could be widespread dissatisfaction among Iraqis if Mr. Maliki is given the first opportunity to form a government. In final results, Mr. Allawi’s Iraqiya list won 2,851,823 votes nationwide, to 2,797,624 for Maliki and 2,095,354 for the Shia alliance, the Iraqi National Alliance. The Kurdistan Alliance took 1,686,344 votes.

Allawi was frankly dismissive. “The Iraqi people have honored the Iraqiya list and chose it to be the basis of forming the new government,” he said at a press conference Saturday. “So if there is another constitution that they want to implement, this is something I don’t know about, this is something new.”

With both Mr. Maliki and Mr. Allawi very close in number of seats they now control, negotiations for forming a coalition could go either way. They need an absolute majority of 163 seats, and neither of the next two largest blocs, the Shiite Iraqi National Alliance with 70 seats, and the Kurdistan Alliance, with 43 seats, could deliver that alone. That increases the importance of a variety of small parties, and minorities like the Christians and Yazidis, who were awarded seats under the constitution even though they won none at the polls.

Despite Mr.Maliki’s favorable supreme court decision, he remains adamant in calling the elections fraudulent and demanding a manual recount, which the Independent High Electoral Commission and the United Nations reject as unjustified. He said he plans to appeal within the 3 day period allowed — also to the Federal Supreme Court, which then has to rule within 10 days.

The fact that Mr. Maliki went to the Supreme Court in advance of the final election results is an indication that he was aware of the possibility that Mr. Allawi would likely win a plurality. Formally, the court said in its decision that the prime minister’s office had asked for “a definition of the term, ‘the parliamentary bloc with the most members’ ” in Article 76. The 211-word-long ruling said the question was whether that term in Article 76 meant the bloc that won the most seats in the election, or the bloc that is later gathered together by the time the new parliament meets — and it decreed that the latter interpretation was the correct one. The court said it based its decision on an analysis of the wording of the article and of other similar articles in the constitution, but it did not go into detail.

The dispute over who gets the first shot at forming a government promises to make an already protracted process even more complicated. First the final election results have to be certified by the Supreme Court, which legal experts say may take until late April. That means the new parliament must meet by May 15 and choose a new president, who then has 15 days to choose a prime minister. The prime minister then has 30 days to try to appoint his cabinet—if he can — meaning the entire process could take until at least July 1,assuming none of those deadlines are missed — as they often have been in the past.

http://www.nytimes.com/2010/03/28/world/middleeast/28iraq.html

Because unlike the oil under Iraq's soil your job can be lost at anytime or your health may fail.

But unlike the uncertainties that may surround your personal situation and the frailness there of the great wealth of Iraq is secure for generations to come.

See?

Go IRAQ!

GO DINAR!

Iraqi elections an historic achievement, UN says as results are announced

26 March 2010 – Iraqi parliamentary elections this month were credible and no evidence has been found of any systematic or widespread fraud during the vote count, the top United Nations official in the country said today after authorities announced the final election results.

Ad Melkert, the Secretary-General’s Special Representative to Iraq and the head of the UN political mission (known as UNAMI) to the country, said in a statement that Iraqis deserved credit for “an historic achievement.”

The Independent High Electoral Commission (IHEC) of Iraq unveiled the results tonight local time for the national polls on 7 March, in which more than 6,000 candidates competed for 325 seats in the Council of Representatives. At least 12 million people cast their votes.Media reports indicate that the party headed by Iyad Allawi, the former prime minister, holds a narrow lead over the party of Nuri al-Maliki

Media reports indicate that the party headed by Iyad Allawi, the former prime minister, holds a narrow lead over the party of Nuri al-Maliki, the current premier, in the number of parliamentary seats won.

Mr. Melkert called on all candidates to accept the results of the polls and “to assume responsibility to lead Iraq to the next stage of democracy, stability and prosperity for all. Whether winning or losing, participation in the elections has been a collective victory.”

UNAMI assisted IHEC with advice and support during the pre- and post-election process, and the Special Representative said the independent authority carried out its responsibility of staging the elections with dedication.

“No election in the world is perfect. There were imperfections and at some places serious issues. We condemn acts of intimidation that have occurred in the course of the process.”

In his statement Mr. Melkert said UN officials were confident that the counting process contained the necessary checks and balances, and “there is now a solid basis for ratification by the Supreme Court” of the results.

“All results of almost 50,000 voting stations have been checked at least eight times. On the basis of specific complaints submitted by different entities, specific audits have been held on places with indications of irregularities. Ballot boxes that could not stand the test have not been included in the count. We have not found evidence of systematic failure or fraud of widespread nature.”

Mr. Melkert added that the conclusion was therefore that the overall election process, including the campaigning period, polling day and the count “has met reasonable demands and standards, with errors and doubts remaining within normal margins.”

Mr. Melkert, Secretary-General Ban Ki-moon and Security Council members congratulated Iraqis in the immediate aftermath of polling day earlier this month for exercising their democratic rights and for the relative lack of violent incidents.

http://www.un.org/apps/news/story.asp?NewsID=34216&Cr=iraq&Cr1=election

IAEA recommends end of Iraqi restrictions

VIENNA, March 26 (UPI) -- The U.N. nuclear watchdog agency recommended Friday to the Security Council that restrictions on Iraqi nuclear research be lifted.

The International Atomic Energy Agency praised Iraqi's cooperation with investigations into its nuclear program, KUNA, the Kuwait News Agency, reported.

"The International Atomic Energy Agency has been receiving excellent cooperation from Iraq in the implementation of its comprehensive safeguards agreement, thus allowing IAEA to effectively and efficiently conduct its safeguards activities," IAEA Chief Yukiya Amano said in a letter to the council.

The Iraqi government supports the Nuclear Non-Proliferation Treaty and other disarmament pacts, Amano said.

Sanctions were imposed on Iraq after Saddam Hussein's invasion of Kuwait in 1990.


LINKS - IRAQ AND THE UN - IAEA ARTICLES OF INTEREST


http://articlesofinterest-kelley.blogspot.com/2010/03/iaea-recommends-end-of-iraqi.html

They do have the backing...it is called OIL!

FX35 tell us...do you have a PhD. International Economics?

Who do you think is correct on the true situation in Iraq?

Some negative person with little understanding of the true situation,who is insisting Iraq is so destitute and weak that they must Lop the dinar?

Or would you believe a PhD in International Economics?

Well....myself...I think I will side with Dr.Thompson and ingnore the rants of the negative "Lopsters."

Please note Dr Thompson says that every Iraqi is a "present value millionaire"

For the edification of all.



A Crude Look at Iraqi Wealth

Dr. Henry Thompson
PhD. International Economics
Auburn University

Iraq is a wealthy country and every Iraqi is a present value millionaire and wealth in the world has shifted toward the owners of crude oil.

Over the next two decades, total world energy consumption will almost double and serious alternatives to oil are decades away. In the US, oil consumption is expanding, production declining, and imports climbing. Oil prices and the energy share of national income will increase over the coming decades. Alternative energy sources are available but expensive and certainly will not lower the energy bill.

Monopoly resource profits will be going to the owners of oil and other energy resources. Owners of oil reserves will profit as the price of oil rises due to scarcity. Oil extraction and refining are very competitive with profits slightly higher than the average industry but with high risk. The owners of the oil, however, will enjoy rising profits. Oil is owned primarily by governments around the world.

The price of a barrel of crude oil at the wellhead now jumps around between $40 and $150 while extraction cost in the Middle East is under $5. The owners of the oil in the ground get the difference as profit.

The Arab Gulf has 65% of the world’s proven oil reserves and Iraq has 12%. Oil in the ground is like money in the bank and that makes the Iraqi government, and perhaps the Iraqis themselves, wealthy.

Iraq can easily produce 6 million barrels of oil a day which is 2 billion barrels per year. At only $50 per barrel, that oil would sell for $100 billion. The population of Iraq is 24 million and that oil income translates to $4000 per person.

Suppose Iraq sells a quarter of its potential reserves at an average price of $50 per barrel over the next 20 years. That would generate 90 billion x $50 = $4.5 trillion. If the population of Iraq grows to 30 million, that would be $150,000 per capita for 20 years, or $7,500 annual income per capita. Price will be rising but the Iraqi government will waste a good deal of the profit.

If instead of wasting the income it is invested, Iraq will become wealthy. Estimated productive capital assets in the US are $60,000 per capita and $5,000 for the entire world. If Iraq invests only 1/4 of its oil revenue for the next 20 years, it will match current US productive assets per capita.

The total value of Iraq potential oil reserves at an average profit of $75 per barrel over next 100 years would be 360 billion x $75 = $27 trillion or $900,000per capita , making every Iraqi a millionaire. These calculations do not include natural gas revenue, lately about equal to oil revenue for producing fields.

Also, most of Iraq has not be explored for gas and oil.

In the Persian Gulf region, proven oil reserves are 195 trillion barrels. Selling this at an average profit of $75 per barrel over the next 100 years would generate $15,000 trillion income . If half of that is invested, it would amount to $7,500 trillion or 1/4 of the present total capital assets in world. And this is only proven reserves. Due to political uncertainty most of the region has not been explored for gas and oil.

http://www.auburn.edu/~thomph1/iraq.htm

100% TRUE and I agree 100% eom.

Yes IMHO eom.

Iraq election: Iyad Allawi's bloc wins most seats

Former Iraqi Prime Minister Iyad Allawi's bloc has won the most seats in Iraq's parliamentary elections.

His coalition had two seats more than that of incumbent Prime Minister Nouri Maliki, officials said, as they gave final results for the 7 March poll.

Earlier, the UN's envoy to Iraq described the election as "credible" and urged Iraqis to accept the results.

Meanwhile, twin bomb blasts in the town of Khalis in Diyala province killed at least 40 and left more than 60 injured.



http://news.bbc.co.uk/2/hi/middle_east/8590017.stm

Allawi wins by two electoral
seats on Baghdad tv?

M1 is narrow money or "Money in circulation" PLUS ASSETS!

M1 also includes ASSETS!~

lol! Too damn funny!

Commission spokesman Mohammed al-Amjad said Friday the results and seat allocations in the 325-member parliament will be released at 7 p.m. in Baghdad. The announcement is expected to take two hours as tallies from each of Iraq's 18 provinces will be read out.

Thanks for proving my point! Ok...No where is the M0 LISTED!

And you cannot assign your own M value to the "Currency outside of Banks" because that is ALSO know as M1

As have so clearly pointed out M1 is currency AND assets!

Now to PROVE this point that the M0 is not being reported look at line 5.

You will clearly see M1 and M2.

See that BLANK LINE above M1?

That BLANK LINE is where the missing M0 information would be IF they were making it public.

THANK YOU for going to all of the trouble to prove my point.

Your the best!

Go DINAR!~

Explanation of M values.

M0 – Physical cash and coin

M1 – All of M0 plus demand deposits, traveler’s checks and ASSETS that can be quickly converted.

This is used as a measurement for economists trying to quantify the amount of money in circulation. The M1 is a very liquid measure of the money supply, as it contains cash and assets that can quickly be converted to currency.

Assets. 1. Current assets are important to businesses because they are the assets that are used to fund day-to-day operations and pay ongoing expenses. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency.

M2 – All of M1 plus savings deposits, money market shares

A category within the money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds.

Quasi-liquid liabilities?


Quasi-liquid liabilities are long-term deposits and assets — such as bonds, commercial paper, and certificates of deposit — that can be converted into cash.

Or in other words....M2

It does not say M0 anywhere!

You cannot designate an M value to a data set on your own!

End of story!

Stop saying it is there when it is NOT!

LOL! Too funny!

Do you not understand that money outside of banks has 2 "M value" data sets?

One is the M1 and the other is the M0.

What you are looking at is the M1 not the M0.

End of story!