Comment by Nathan Giffin Vertical Artisans on December 16, 2010 at 10:50am

I have bought Dinar from 5th 3rd Bank and www.DinarTrade.com

 

Comment by Nathan Giffin Vertical Artisans on December 17, 2010 at 9:00am

OK ... I have a lot to share today.

 

First at Wed's. UNSC meeting they DID NOT EXTEND the chapter 7...you can go back and see every DEC. the UNSC extends the chapter 7...so we can assume that the GOI ( government of Iraq ) will be in place and Prime Minister will sign off on all agendas.

 

PM = RV

 

Other Very Important  developments

1) The HCL is the TOP priority of the newly formed government of Iraq, and is at the core of what they feel will make them a successful government, not to mention a stable country.  For a quick recollection, go to my words from my chat last night about the severity of the HCL and what it means to the people of Iraq.  I’ll quote myself to help you understand or remember…

“The HydroCarbon Law is the law that holds the people of Iraq together.  It is the dispersion of the funds from their Oil Revenue to the various sects, and regions, and tribes within Iraq.  It can ONLY be completed with an unbiased, third-party population Census that leaves all fighting and debate out the equation.  They will then divide the revenues and dispurse them to the people as they come in from their oil profits.  It IS the future of Iraq, and at the very core of their hope as a nation and people.  As such, they can’t/won’t RV their currency without that FUNDAMENTAL PIECE of the future of Iraq not being in place.  Make sense?  Without it, greed, terrorism, isolationism, corruption, debate, theft, and more unimaginable and horrible things will happen.  A country’s currency is ONLY as good as the good faith and credit of the people, nation, and economy behind and backing it.  WITH it, we have solidarity and a valuable currency.  WITHOUT IT… we have toilet paper… that which we have NOW… I hope this helps EVERYONE understand its importance.”

2) Iraq obviously felt the UNSC should hear that from them, almost as their reassurance of what they were then doing for Iraq… in ADVANCE and in GOOD FAITH, which the UN never does for any country.  Why would Zebari then mention it to the council?  Afterall, the subject wasn’t ONCE broached in the preceeding comments by Biden and Ban Ki-Moon.  Could that have been their “keyword”… even their “code” or reassurance to all present that they were intent on AND ready to revalue their currency as soon as their government was formed, and it would be done by the 25th?

3) Biden and the world responded AND lead with their continual repetition about the Budget and the Government formation.  It almost seemed to me that the world was reiterating that they too were confirming with Iraq their commitment to Iraq.  That the world understood that Iraq needed to form their government and pass to BUDGET for that same event to occur, even the RV.  Why?  Because the rate could very-well be IN the budget.

 

Our hopes are that this ride is over...I have been in for a year, many of my group have been in for almost 5-6 years and some of you have just started.

Comment by Nathan Giffin Vertical Artisans on December 19, 2010 at 5:16am

* Iraq: A week of encouraging quotes

December 18th, 2010 10:59 pm · Posted in CHATS / POSTS, TIDBIT

“The decision to lift sanctions “will have a major economic turnaround the currency Iraq and the status of the Iraqi economy and investment and the relationship with the International Monetary Fund and confidence in Iraq in case the feet of the request of the loan and its dealings with international banks”

- National Alliance MP Ali Alfalh

“It is a big step. It will help Iraq return again to playing its normal and active role in the international community.”

- Iraq Deputy Prime Minister Ross Shaways

“Iraq’s best days are ahead.  As a founding member of the United Nations, Iraq seeks and deserves the opportunity to resume its rightful role in the community of nations”

- US Vice President Joe Biden

“Lifting of the effects of Chapter VII of Iraq as a liberation of Iraq and restore sovereignty”

- Iraq Foreign Minister Zebari

Today marks an important milestone in the restoration of Iraq’s normalized ties to the international community…..The resolutions adopted today by the Security Council will lift several longstanding Chapter VII restrictions on Iraqi trade and activity.

- White House Press Statement

“Mr Maliki has officially asked to present his cabinet to parliament on Monday”

- aide to Prime Minister Maliki

Comment by Nathan Giffin Vertical Artisans on December 21, 2010 at 10:07pm

News About Iraqi Dinar

Iraqi Dinar Exchange Rate

Currency Exchange News

You are here: Home / Dinar Daddy Tidbits / * The Governor of Central Bank: Shabibi Says Raise the Value of the Dinar

* The Governor of Central Bank: Shabibi Says Raise the Value of the Dinar

December 21, 2010 By Fred Wilson Leave a Comment

December 21st, 2010 02:57 pm · Posted in NEWS 

December 19th, 2010

(Iraqi Media Network) Said Dr. Shabibi central bank governor that this year’s budget an investment budget because it focused on the size of the investment Ziada.

Shabibi said that the role of the central bank is to address the imbalance that would result from the development process that will result from changes in economic structure are basic.

He pointed out that the central bank is to achieve development in a stable monetary environment through attention to all means and policies to achieve economic stability and moderation in the environment and the
normal rate of inflation moderate.

He continued: our budget relating to the conservation of its resources, is done by combating inflation. Stressing that the bank had several measures including raising the dinar exchange rate.

He pointed out that the impact of this action on the budget through the impact on the purchasing power of government, will increase by addressing inflation.

Shabibi said: that this policy will increase the confidence in dinars, which will pull some of the money to the banking sector and the rationalization of government spending because of its impact on
inflation.

He indicated that this action will lead to a reduction in prices of import goods such as private sector imports and the import of the government’s development that comes from converting the Iraqi dinar to
the dollar.

He added that this policy at the time weakens the government’s ability to buy the dinar, it strengthens Aldenarabraghi which is owned by the government. He pointed out that the bank wants and means to
affect the economic and monetary policy by making the dinar valuable and
powerful.

Comment by Nathan Giffin Vertical Artisans on December 21, 2010 at 10:09pm

A MUST SEE

Comment by Nathan Giffin Vertical Artisans on December 28, 2010 at 11:44pm

Listen to this Conference Call Just Today.

Comment by Nathan Giffin Vertical Artisans on December 31, 2010 at 3:29pm

VERY INTERESTING READ:

If you are invested in the Iraqi Dinar (IQD) then you are a Currency
Speculator.
What is a Currency Speculator? A currency Speculator is one who is gambling on
a rate of a certain currency. Nearly all global currency values rise and lower
in a continual ebb and flow dictated by the global economy. Generally speaking
the values only rise and lower in the single digit percentages unless in rear
cases a catastrophic event occurs such as war.
A currency speculator looks at different economies and gambles on potential
outcome that will cause an upward trend in a given currency. Once they make
their decision based on their studies, they simple exchange their currency for
the currency they are speculating, then watch the global foreign currency
exchange market (like Forex) to know when to sell. This practice is very much
the same as trading stocks and does carry risks. As with stock, one can
minimize their rise by simple doing their homework. For instance, there are
some currencies that are against the law to speculate, if you are not aware of
this and exchange into that currency, you will not be able to get rid of that
currency. There are also counterfeiters in all currencies and if you do not
know what to look for in a given currency, you may be buying fancy colored
paper instead of an actual currency with a value.
Another key point that you may or may not be aware of is that some currencies
have national or international restrictions placed on them, not allowing the
currency to be speculated. However a key point I want to make here about our
investment. When the PLAN was being formed back in 2003 or before, the IQD was
singled out and given a special consideration. A mandate was granted from the
IMF (International Monetary Fund) and the US to allow the IQD to be speculated,
thus giving us in the know an opportunity of a life time.
The PLAN we speak about was developed many years ago based on the world
economy. You see, one would have to do a lot of studding of the global history
to see but there is and has been pattern and a need to make global economic
adjustments every decade or so based on where the economy is at a given time.
When these occur, most of the global population is unaware of the adjustments
and if you were paying attention, all you would notice is your governments
local economy seems to start doing better. The last time this occurred was
after Kuwait was liberated. There was a much smaller window but the fact
remains that there were folks the speculated the Kuwait dinar and made
millions. In this instance, the need for the global financial adjustment was
slight.
As you know by listening and reading in the news, this financial crisis is wide
spread and touches every world economy in a major way. The architects of the
plan realized the depth and breadth of this serious economic crisis. So the
design in this case is huge because it has to be, to jump start economies
around the globe. Iraq became the natural target for the needed economic
adjustment for many reasons. First and foremost was to oust Saddaam and try him
for crimes agent Humanity. The second was when he took control of Iraq; he
pulled all of Iraq’s currency and printed his own currency with his face on all
of the notes. At this time the standard IQD was pulled off the international
market and shelved. The IMF gave it a program rate of 1180 IQD to $1.00 USD
(even as far back as this was, the insanely low rate could have been part of
the PLAN). This was a major decline in the value which was $3.22 IQD to $1.00
USD.
What took place from that period until now, is as they say, the rest is
history. So now we are at the present and there is a ton of people invested in
the IQD (actually less than 8% of the total global population) wanting to know
when and if Iraq is going to RI/RV their currency.
History and why we know Iraq will RI/RV?
First I want to point out the statement RI/RV. RI represents a Reinstatement of
the IQD, which means Iraq would reinstate the Dinar back to per-Saddam value of
$3.22 IQD to $1.00 USD. An RV represents a Revalue of the Dinar meaning that
they will give their currency a higher value than it once had before the IMF
gave them a program rate in the beginning of the Saddaam take over.
There are as many opinions on the topic of RI or RV as there are forums. Along
with that only 8% of the global population is invested in IQD. By design, the
entire global population cannot know about this and take part because Iraq
could not cover that many people being involved. Nor do they have enough IQD
for everyone to own some. Just as any country, Iraq knows exactly how much
currency they have printed. So to curve speculators Iraq and other governments
around the globe have put out false information and propaganda to steer the
attention away from what is happening. However, for this to work for the global
economy, Iraq and the IMF needed a certain amount of speculators, you and me to
accomplish two things.
First Iraq needed us to hold the rate of the IQD stable once they got rid of
the Saddaam currency and put their original IQD back out there. We made it
stable buy purchasing it through currency exchanges. The daily auction Iraq has
been having is to establish a rate and then show the IMF they can hold it
stable. The IMF needs a certain amount of speculators; you and me, to boost the
economies around the globe, by spending our new found wealth once all is done
and Iraq adjust their currency. Just image the impact it is going to have on
the us economy when over 1million new millionaires start spending their new
found wealth on housing, cars, and goods. That is not to mention the relief the
US government will realize from the estimated 7 trillion IQD they hold in the
US Foreign Currency Reserves, as well as all of the taxes they will be
collection from you and me and this is going to happen in every country on the
globe. You start to understand the magnitude and the full breath of the PLAN…

Okay, what is in it for Iraq:
Well first and foremost, we removed a dictator that ran the country without regard to humanity amongst the Iraqi people. He kept them in poverty while he
ran one of the most corrupt regimes on the planet. Murder, corruption, fear,
and hunger were a way of life for many years.
Lead by the US, the UN and many counters from around the globe liberated Iraq
from this dictator and brought him to Iraqi justice, you know the rest.
The collaboration of forces set the stage for Iraq to become the great nation
it once was. IT is Iraq’s desire and continual effort to become an upstanding
member of the International community once again. They have made great strides
as they have worked to get rid of the many atrocities and problems the former
regime left in its’ wake. Iraq has worked methodically to eliminate the many
road blocks that stand between them and regaining their once proud heritage as
a member of the International community and in good standing.
1. There were many resolutions that needed attention
2. There were and still are some sanctions placed on them
3. They were in Chapter 7 protection
4. They had to rework their Constitution
5. There was considerable debt owed to the world governments
6. They had to grasp a full understanding of their financial books, after many
years of corrupt book-keeping and the loss of billions of IQD.
The Culmination
There were agreements made with Iraq and the world, namely the UN and the IMF.
The UN and IMF explained to the Iraqi leaders of the plan and their role. Iraq
says how can w do this, we have nothing but the oil we have in the ground and
no other commodity to allow us sell and get funds to rebuild our land to a
point where we can start to produce oil to pay back all of the debt the
previous regime has left us with.
The UN forces back by the US troops said we have a plan and here it is…
1. See there is a thing called the Paris Club, which is a group of 19 major
governments from around the globe. All of which you, Iraq, owe a great deal of
money too. In the billions in fact. Well we have put together an agreement that
says we, the 19 world economies will forgive your debit as long as you allow
each of us to hold your IQD in our Currency Reserves and allow us to eventually
return the IQD we are holding for a revalued dinar rate. Furthermore we will
not release our entire dinar holdings on you all at once. It will be a
controlled return over a period of 24 month. (For this piece, which Iraqi
agreed to, they have to RI/RV by Dec. 31st 2010 or the forgiven Debt will be
due at once).
2. The IMF will grant you short term loans so you have funds to work with.
3. We will lift Chapter 7 only after you accomplish several things
a. Get your government seated and working
b. 2011 Budget worked out so we see you have included the RI/RV
c. Border disputes with Kuwait
d. Show that you have made great strides in getting the HCL completed.
4. Iraq if you do all of these things, we the UN/IMF will allow you to, at a
minimum reinstate you currency at the $3.22 rate it once was at prior to the
former regime destroying its value in the international market. We will also
allow you to add 20% for cost of living increases that have taken place over
the years that your IQD has been out of circulation.
5. As an added incentive, based on the quality and quantity of crude you have
in the ground, we will allow you to revalue you currency instead of reinstating
it to a value within reason. We are allowing this because based on our
investigation of your oil fields… You Iraq will be one of the richest if not
the richest countries on the globe. It is your choice as to where you want to
revalue your IQD but our projections estimate you could withstand a rate as
high as $16.00 IQD to as low as $1.00 USD. We would highly recommend to you
that a rate that high will cause many problems and have inherent risk. With all
of the news and knowledge regarding your economic potential it would be way to
risky to come out with a rate lower then you previous value for $3.22 IQD to
$1.00 USD because anyone with enough backing could come in and buy up all of
your currency, there by controlling Iraq. It is our opinion that the rate needs
to be such to curve further speculation but also be something manageable in the
short and long term.
6. We feel a managed float over at least a 24 month period of time, with a
controllable rate for now will accomplish what is in the best interest of all.
It will allow sustained growth for the Iraqi economy, it will allow Iraq to
become a member of the international community once again, and it will allow
the IMF to boost the world economy. Also, it will keep someone from coming in
and buying up your country…
Summarization:
Iraq has been given a choice,
1. The IMF is saying to Iraq, we are granting you the ability to reinstate your
currency at the pre-Saddaam rate of $3.22 with a 20% increase for cost
adjustment for the years it was out of circulation. Or because of the potential
we see with your economy, we will also allow you to revalue your currency to a
rate within reason. If you do this by December 31st 2010, we will agree to
allow the Paris Club to forgive your debt and we will lift you from Chapter 7
sanctions. Thus allowing you to rejoin the international community with your
currency and trade.
Sanctions that will be lifted:
a. Allows you to have an international recognized currency
i. Which allows you to trade on the Forex
ii. Allows Iraqi stock to be traded on the international market
iii. Allows all of the signed contracts for the oil fields, utilities
reconstruction, road construction, building construction to begin
b. Allows you to receive global shipments from all of the ships that have been
sitting in your ports.
c. Allows you to finally pay your government employees
d. Allow you to load the smart cards that will pay the Iraqi citizens living
expenses for the short term, also pay the retired citizens. All of which have
not been reviving anything for some time.
At this point, Iraq has agreed to everything and we are now in the last phases
of this plan. We are waiting for Iraq to finally pull the trigger and release
the RI/RV between now and Dec. 31st.
I believe the World community and the UN/IMF are not really leaving Iraq a
choice and they are tired of Iraq dragging their feet… But, if for some reason
they don’t pull the trigger by Dec. 31st, this coming Friday… According to the
PLAN this was to happen in 2009… Not sure of all that would come down on them
but it certainly would be the end of the current GOI…
The latest Intel we have received is that the message that came out yesterday
that the GOI will be breaking for two weeks starting tomorrow is false.
PD claims that they have proof that the GOI is meeting right now and will be
all this week.
They are still expecting the RV to happen before Friday and the very bottom
rate, the lowest it could be is $3.22.
SO we wait and watch…

Comment by Nathan Giffin Vertical Artisans on January 4, 2011 at 1:06pm

Conference call ...

 

Newbies start at beginning

Other wise start at 40:00 minutes

Comment by Nathan Giffin Vertical Artisans on January 8, 2011 at 12:57pm

This Weekend can be very big for us....my contacts tell me that Sunday is a high probability for RV announcement.   I hope for our sakes it is.

 

Comment by Chris on January 8, 2011 at 1:06pm

if this happens, dont call security if some stranger comes up and gives you a big hug and kiss at woc, JK, but really dont call security!!! :)

 

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