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He/they are not talking about those who are buying currency but rather big business (which I'm sure you know).
I want to get up at 5:30am today for some fun. maybe IF i can sleep for 2 hours this may help me fell better? This very common for me and it screws a big one. I get plenty sleepy but forget actually sleeping. I have enough meds to put a horse down yet I must suffer. Let me try 1 more time catchya later!
Yes I agree with you too. It is my very deep thoughts that opec will become very worried about Iraqs potential out put. They will also govern what they can and can not produce in my thinking. You have the Leaque of Arabs that will meet in the following week or three. I just don't believe that other Arabic countries are going to let Iraq turn every oil faucet wide open as we seem to think. I could be wrong but don't think so. How many barrels of oil come from Saudi each day/year and how many barrels of oil can the actually pump if they go at it 120% effort?
Now! lets say it is ten years from now and Iraq is able to produce 12 million barrels of oil per day and saudi can produce their 7 million barrels of oil per day? WHAT WILL HAPPEN TO OIL PRICES? Who will make more money from oil production?
In short as I said earlier Iraq MUST be very very careful on how they make their claims to fortune. If they are not careful and try not to harm their arabic neighbors they will do pretty good but if Iraq become a threat to Saudi Arabia and since we are in the same bed as Iraq and Saudi Arabia this might cause Saudi Arabia to turn towards Russia or perhap to Iran. How about the possibility that Iraq turns towards Iran or Russia?
What a mess if everyone isn't careful?
"Look!" "I said it on purpose"
That won't happen for a long time -Saudi
Do you realize we would be at the mercy of Iran and SA if Saudi di go dry tomorrow! wow let us not think about that!
DCJAR4107..you might try and phone the bank and see if things are the same as they were for you in the weeks past and now?
It sounds like the Iraqi government is getting geared up to sweeze any more dinars from leaving Iraq.
Strongtower...what do you think of his post?
Absolutely fantasic!eom
TMCC....this is a powerful statement and history in the make-in bigtime! at least I think so!
WAGGETT....I know, why hope, RIGHT?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24953428
Anyone who give up hope in their life has no dream. Hope is a part of human nature instinct, of course maybe some are not human?
I had to take him off of Ignore after that post!
There is no reason to leave the board and maybe I'll get hammered for saying that. It is the constant no we are not going to reval that people may be up set. Everyone is aware of what you stated and yes they are of what we state but it is far different as we will NOT buy more but are waiting the dream that probably won't happen but stop screwing with peoples hope. If you see someone trying to promote a newbie into buying dinar then by all means step in if you wish to warn them but other than that don't post or post in a way of how it MIGHT be possible to reval but it probably won't, the diferences is most here are in hope and don't crush it.
Thank You, Bob
Rasica just keep the link below. I have several I use from all over the world but I get them mixed up at times.
http://www.whitehouse.gov/
More than 10,000 TONS of notes destroyed? 10k tons!!!!
http://edition.cnn.com/2004/WORLD/meast/01/15/sprj.nirq.currency/
...btw THIS IS OLD NEW FROM 2003 BUT IT GIVE US AN IDEA about the amount of money and the exchange back then.
DAN SENOR, SR. ADVISER TO PAUL BREMER: Well, it's a huge logistical challenge that we are working on, Andrea. It involves 2,200 tons of cash, the equivalent of $3 billion U.S., that will be brought into Iraq with over 20 747 flights. It's already began. It's going to continue over the next couple of days, and it will be distributed out to over 240 banks throughout Iraq, over the next couple of days, and then we'll be ready for Wednesday, October 15, when the exchange will commence.
The central and southern currencies will exchange into one for one, and the northern currency changes
OK, over 240 banks had the new currency so we know that 15 banks as we see each morning in buying currency is really light!
Executive Order: Further Amendment of Executive Order 11858 Concerning Foreign Investment in the United States
By the authority vested in me as President by the
Constitution and the laws of the United States of America,
Including section 721 of the Defense Production Act of 1950, as amended (50 U.S.C. App. 2170), and section 301 of title 3, United States Code, it is hereby ordered as follows:
Section 1. Amendment to Executive Order 11858. Executive Order 11858 of May 7, 1975, as amended, is further amended to read as follows:
"FOREIGN INVESTMENT IN THE UNITED STATES
By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 721 of the Defense Production Act of 1950, as amended (50 U.S.C. App. 2170), and section 301 of title 3, United States Code, it is hereby ordered as follows:
Section 1. Policy. International investment in the United States promotes economic growth, productivity, competitiveness, and job creation. It is the policy of the United States to support unequivocally such investment, consistent with the protection of the national security.
Sec. 2. Definitions. (a) The "Act" as used in this order means section 721 of the Defense Production Act of 1950, as amended.
(b) Terms used in this order that are defined in subsection 721(a) of the Act shall have the same meaning in this order as they have in such subsection.
(c) "Risk mitigation measure" as used in this order means any provision of a risk mitigation agreement or a condition to which section 7 of this order refers.
Sec. 3. Establishment. (a) There is hereby established the Committee on Foreign Investment in the United States (the "Committee") as provided in the Act.
(b) In addition to the members specified in the Act, the following heads of departments, agencies, or offices shall be members of the Committee:
(i) The United States Trade Representative;
(ii) The Director of the Office of Science and Technology Policy; and
(iii) The heads of any other executive department, agency, or office, as the President or the Secretary of the Treasury determines appropriate, on a case-by-case basis.
(c) The following officials (or their designees) shall observe and, as appropriate, participate in and report to the President on the Committee's activities:
(i) The Director of the Office of Management and Budget;
(ii) The Chairman of the Council of Economic Advisers;
(iii) The Assistant to the President for National Security Affairs;
(iv) The Assistant to the President for Economic Policy; and
(v) The Assistant to the President for Homeland Security and Counterterrorism.
Sec. 4. Duties of the Secretary of the Treasury.
(a) The functions of the President under subsections (b)(1)(A) (relating to review and consideration after notification), (b)(1)(D) (relating to unilateral initiation of review and consideration), and (m)(3)(A) (relating to inclusion in annual report and designation) of the Act are assigned to the Secretary of the Treasury.
(b) The Secretary of the Treasury shall perform the function of issuance of regulations under section 721(h) of the Act. The Secretary shall consult the Committee with respect to such regulations prior to any notice and comment and prior to their issuance.
(c) Except as otherwise provided in the Act or this order, the chairperson shall have the authority, exclusive of the heads of departments or agencies, after consultation with the Committee:
(i) to act, or authorize others to act, on behalf of the Committee; and
(ii) to communicate on behalf of the Committee with the Congress and the public.
(d) The chairperson shall coordinate the preparation of and transmit the annual report to the Congress provided for in the Act and may assign to any member of the Committee, as the chairperson determines appropriate and consistent with the Act, responsibility for conducting studies and providing analyses necessary for the preparation of the report.
(e) After consultation with the Committee, the chairperson may request that the Director of National Intelligence begin preparing the analysis required by the Act at any time, including prior to acceptance of the notice of a transaction, in accordance with otherwise applicable law. The Director of National Intelligence shall provide the Director's analysis as soon as possible and consistent with section 721(b)(4) of the Act.
Sec. 5. Lead Agency. (a) The lead agency or agencies ("lead agency") shall have primary responsibility, on behalf of the Committee, for the specific activity for which the Secretary of the Treasury designates it a lead agency.
(b) In acting on behalf of the Committee, the lead agency shall keep the Committee fully informed of its activities. In addition, the lead agency shall notify the chairperson of any material action that the lead agency proposes to take on behalf of the Committee, sufficiently in advance to allow adequate time for the chairperson to consult the Committee and provide the Committee's direction to the lead agency not to take, or to amend, such action.
Sec. 6. Reviews and Investigations.
(a) Any member of the Committee may conduct its own inquiry with respect to the potential national security risk posed by a transaction, but communication with the parties to a transaction shall occur through or in the presence of the lead agency, or the chairperson if no lead agency has been designated.
(b) The Committee shall undertake an investigation of a transaction in any case, in addition to the circumstances described in the Act, in which following a review a member of the Committee advises the chairperson that the member believes that the transaction threatens to impair the national security of the United States and that the threat has not been mitigated.
(c) The Committee shall send a report to the President requesting the President's decision with respect to a review or investigation of a transaction in the following circumstances:
(i) the Committee recommends that the President suspend or prohibit the transaction;
(ii) the Committee is unable to reach a decision on whether to recommend that the President suspend or prohibit the transaction; or
(iii) the Committee requests that the President make a determination with regard to the transaction.
(d) Upon completion of a review or investigation of a transaction, the lead agency shall prepare for the approval of the chairperson the appropriate certified notice or report to the Congress called for under the Act. The chairperson shall transmit such notice or report to the Congress, as appropriate.
Sec. 7. Risk Mitigation. (a) The Committee, or any lead agency acting on behalf of the Committee, may seek to mitigate any national security risk posed by a transaction that is not adequately addressed by other provisions of law by entering into a mitigation agreement with the parties to a transaction or by imposing conditions on such parties.
(b) Prior to the Committee or a department or agency proposing risk mitigation measures to the parties to a transaction, the department or agency seeking to propose any such measure shall prepare and provide to the Committee a written statement that: (1) identifies the national security risk posed by the transaction based on factors including the threat (taking into account the Director of National Intelligence's threat analysis), vulnerabilities, and potential consequences; and (2) sets forth the risk mitigation measures the department or agency believes are reasonably necessary to address the risk. If the Committee agrees that mitigation is appropriate and approves the risk mitigation measures, the lead agency shall seek to negotiate such measures with the parties to the transaction.
(c) A risk mitigation measure shall not, except in extraordinary circumstances, require that a party to a transaction recognize, state its intent to comply with, or consent to the exercise of any authorities under existing provisions of law.
(d) The lead agency designated for the purpose of monitoring a risk mitigation measure shall seek to ensure that adequate resources are available for such monitoring. When designating a lead agency for those purposes, the Secretary of the Treasury shall consider the agency's views on the adequacy of its resources for such purposes.
(e)(i) Nothing in this order shall be construed to limit the ability of a department or agency, in the exercise of authorities other than those provided under the Act, to:
(A) conduct inquiries with respect to a transaction;
(B) communicate with the parties to a transaction; or
(C) negotiate, enter into, impose, or enforce contractual provisions with the parties to a transaction.
(ii) A department or agency shall not condition actions or the exercise of authorities to which paragraph (i) of this subsection refers upon the exercise, or forbearance in the exercise, of its authority under the Act or this order, and no authority under the Act shall be available for the enforcement of such actions or authorities.
(f) The Committee may initiate a review of a transaction that has previously been reviewed by the Committee only in the extraordinary circumstances provided in the Act.
Sec. 8. Additional Assignments to the Committee. In addition to the functions assigned to the Committee by the Act, the Committee shall review the implementation of the Act and this order and report thereon from time to time to the President, together with such recommendations for policy, administrative, or legislative proposals as the Committee determines appropriate.
Sec. 9. Duties of the Secretary of Commerce. The Secretary of Commerce shall:
(a) obtain, consolidate, and analyze information on foreign investment in the United States;
(b) monitor and, where necessary, improve procedures for the collection and dissemination of information on foreign investment in the United States;
(c) prepare for the public, the President or heads of departments or agencies, as appropriate, reports, analyses of trends, and analyses of significant developments in appropriate categories of foreign investment in the United States; and
(d) compile and evaluate data on significant transactions involving foreign investment in the United States.
Sec. 10. General Provisions. (a) The heads of departments and agencies shall provide, as appropriate and to the extent permitted by law, such information and assistance as the Committee may request to implement the Act and this order.
(b) Nothing in this order shall be construed to impair or otherwise affect:
(i) authority granted by law to a department or agency or the head thereof;
(ii) functions of the Director of the Office of Management and Budget relating to budget, administrative, or legislative proposals; or
(iii) existing mitigation agreements.
(c) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(d) Officers of the United States with authority or duties under the Act or this order shall ensure that, in carrying out the Act and this order, the actions of departments, agencies, and the Committee are consistent with the President's constitutional authority to:
(i) conduct the foreign affairs of the United States;
(ii) withhold information the disclosure of which could impair the foreign relations, the national security, the deliberative processes of the Executive, or the performance of the Executive's constitutional duties;
(iii) recommend for congressional consideration such measures as the President may judge necessary and expedient; and (iv) supervise the unitary executive branch.
Sec. 11. Revocation. Section 801 of Executive Order 12919 of June 3, 1994, is revoked."
Sec. 2. General Provision. This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity, by any party against the United States, its departments, agencies or entities, its officers, employees, or agents, or any other person.
GEORGE W. BUSH
THE WHITE HOUSE,
January 23, 2008.
Stockings post the website.
Aerospace I think several people have great points and maybe you are far more educated in these matters but people just don't wish to hear it any further. If they do they will ask questions. Some will win money here others will loose and very possibly we will never reval as we wish but surely most of us are ahead. Sure I would love to see this reval 1:1 and I don't believe it will from seeing all the data that everyone including you have posted but I still wish to hope that it will so I will wait the time needed to see one way or another and so will most everyone else.
A person can take the reality away from another but never a dream, never hope and never love.
Have you ever seen Randy hit anyone? hits like a girl ; )
Enjoy.........
We do not want the Saudi's to not peg to our dollar. It will take alot for them to give that up and risk no protection from the USA and the USA going forth into their own power structure. If this happens you will see drilling in Alaska and Florida gulf within minutes. Massive Neculear power plants would also be constructed and then an arms race and Isolation of many countries as each one tries to mannipulate.
You would sure thing so?
I do not expect to see that happen until around 2010-12
This will happen after the emerging makets and oil change. I listen earlier and will now go back and plsy it again to when it could be possible for Sadui to have to do that, I'll be right back however I though the date was around 2009?.
Stockings that was a nice article. I was able to stay with it and understand it, Thank you.
Stockings, you do realize that all I need to do is fill it out when viewing it from the web right? I have the full version of Acrobat 8 Professional that allows me to even my my own documents on top of what I said earlier.
That sure makes it sound like M2 basically means very little as you stated earlier?
Excellent day on the market turn around. I do have an update from this morning but eveyone was hiting it since it was a video update. I probably should not release this since it really crosses the line of my membership bigtime. Sure they manage my funds but still there is a point of going overboard with elite information.
It still may take removing a few people and adding a few to Iraq's political structure.
This is the latest news about article 140, hot off the press being the time diffferences.
Supreme Committee of Implementation of Article 140 demands increasing their Budget
PUKmedia 2008-01-23 20:05:49
Deputy head of Supreme Committee of Implementation of Article 140 ,Mrs. Narmin Othman, told PUKmedia today that
the budget allocated to the committee for 2008 is 160 million dollars, stating it is not sufficient to implement the program
they planned for.
“We are trying to raise a formal request to the both Iraqi government and the Iraqi presidency to allocate extra
money for implementing the article 140.” She clarified.
“Currently the works of the committee are going on very well .Recently an official letter from the Iraqi council of
ministries has been sent to all the Iraqi ministries which demands facilitations should be made for those civilians who are
included by the decisions of the Supreme Committee of Implementation of Article 140 and should be returned to their
jobs.” She added. “Currently we signed all the compensation checks during the framework of the second stage of compensating the deportees.” She concluded.
PUKmedia
http://pukmedia.com/english/index.php?option=com_content&task=view&id=2868&Itemid=1
That is a good point to leverage, thank you
Rasica, Iraq oil can go through Kuwait or Turkey. There are pipe lines for gas and oil that run to Syria and also Iran if I recall?
Iraq could steer clear of Iran bur they will become friends so I see no problem except the same old political push and pull.
Aerospace, I have always been able to be my own person and my friends (real) respect that and I respect them in the same fashion. Although you and I are not friends of any nature in my thoughts except stocks? I see the M2 at 22 trillion or maybe even less but surely not at M2 of 22 billion as in 1980 as being the exact problem. It isn't any different than stock. If you have billions not even thinking trillions of stock it becomes clear what the problem is. If Iraq could product 10 million barrels of oil per day that would bring close to 1 billion dollars. and in 1 year would come to 52 billion. If 20 trillion dinar exists then the dinar would be worth 52,000,000,000 dollars divided by 20,000,000,000,000 dinar
Can someone divide this for me???
Try these search engines
http://www.google.com.au/
http://asia.google.com/
http://europe.google.com/
talk with you in two-three hours, I must rest
I will PM you about this so people don't get sick about hearing it over and over again
OK, 2.2 million barrels of oil per day at $120 per barrel times 365 days which is far more than they can presently pump plus we are not at $120 per barrel....comes to the following
$264 million USD daily, or 319.4 Billion dinar
$13,728,000,000 Billion USD yearly or 16.6 trillion dinar.
Now! if they have 22 trillion dinar in the floatwe can see alone that it will take far more than pumping oil 24/7 for a year to cover the vast amount of dinar. As we increase value of their dinar the harder it will become to maintain the existing currency. If Iraq had 22 trillion in gold sitting in a vault this would take care of the existing dinar in my thinking at a value of 1 dinar equals 1 USD.
Iraq probably has 400 billion barrels of oil in the ground but let us say for sure that they have 300 billion barrels of oil not counting their gas and diamonds.
300 billion barrels of oil at $120 per barrel is worth approximately $30,000,000,000 trillion USD or 36,270,000,000,000,000 dinars.
Help me out folks, lets get some good discussion going!
How many barrels of oil is Iraq turning out on a good day.
The CBI shows about 34 or so but I feel (after really thinking about it) doesn'r mean anything as long as they can move enough currency, right?...technically I would like to see about 22-25 banks go at it.
Aerospace, what was your profession prior to retirement and what does Iraq need to do to enable a reval with out zero loping to equal .25 USD per dinar.
I will check it our again, thank you...actually I'll print it out this time.
I wondered about the banks. I thought they had 200+ banks in Iraq. Don't know how many are actually open but on the CBI website it shows about 35 banks.
Strongtower, there must be some way to find out how much dinar is for real and if they have been burning any of the new dinar to date.
This is bugging me and is a huge point to tell exactly what will happen in the future.