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Iraq an economic Study

 
calin

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08/20/2013 01:20 PM
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Re: Iraq an economic Study
...

clappa

POST OF THE MONTH!!!
 Quoting: calin


My dad has been all over this, too. He just mentioned that he found something in his research about HCL being buried in this law yesterday. I can't find it, but he distinctly remembered it, and it would make sense for changes to oil contract law being just a small part of a general economic reform package. I'm tellin' ya. This is it, y'all.
 Quoting: ReVbo™


Well, you know what they say about "once in a blue moon".

wink
 Quoting: Anonymous Coward 42164341


MIG:

[jacque47]    Blue Moon...August 2013 full moon will present the third of four full moons to fall in the same season.

A season is defined as the period of time in between a solstice and an equinox – or vice versa.

This full moon is the third of four full moons to take place in between the June 2013 solstice and the September 2013 equinox.

That makes the August 2013 full moon a Blue Moon! The moon turns full on August 21, at 1:45 Universal Time. Although the full moon happens at the same moment worldwide, the clock reads differently by time zone.

The moon turns full in the United States on Tuesday, August 20, at 9:45 p.m. EDT, 8:45 p.m. CDT, 7:45 p.m MDT or 6:45 p.m. PDT.
....
Read More Link on Right
 Quoting: littlemiracles

Nice little bit of trivia! thanks :)
Alexander

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08/20/2013 02:01 PM

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Re: Iraq an economic Study
Interesting strategy for post-RV! WF and other large banks do offer these:
How a Multi-Currency Bank Account Can Help You Diversify Out of the Dollar? [link to www.qwealthreport.com]


Last Edited by Alexander on 08/20/2013 02:07 PM
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
ReVbo™
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08/20/2013 03:50 PM

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Re: Iraq an economic Study
Don't worry about the June 2014 thing. It's just saying that BY June 2014, the value will be raised significantly, not that it is going to start in June 2014.

I know I'm starting to sound like a broken record around here, but an "open monetary policy" fits right in with the large scale liberalization of the economy CoM passed last week. What would be the point of opening up to the world economically and not liberalizing the foreign exchange market? That's why I'm looking for a float, whether from 1166, 86 cents, or whatever, immediately after Parliament passes Economic Reform.



Kaperoni:
Here is a great article again today that supports that the CBI is going to float the dinar. They are transitioning to "open monetary policy" or better known as "open market."

Here is the article..and subsequent IMF explanation of how this transition works and what is involved. This leaves little doubt that the dinar will rise gradually.

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

Financial representative: on the Central Bank on monetary policy open
|On 2013-08-20 | Writer Anthony David

Baghdad/Hamad Daham
The parliamentary Finance Committee stressed that "the primary cause of high dollar to Iraqi dinar lies in the political set by the Central Bank since the monetary policy pursued by the Central Bank with businesses and banks that deal with the Bank".

The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar."

He said in effect that "on the Central Bank to reduce the size of the companies that deal with money raised in the auction, which will lead to the reduction of the value of the dollar and rely on open monetary policy without complicated procedures and controls and opening wider the hopes of State banks. The banknote market has seen obvious variation in the exchange rate of the US dollar against the Iraqi dinar.



[link to www.microsofttranslator.com]


So what does this mean? Here it is direct from the IMF...

[link to www.imf.org]

'There is much to be said for switching to open market operations as soon as possible. Deregulation and globalization of markets make it virtually impossible to use direct controls without adverse side effects. Experience suggests that in practice countries act as if they have little choice except to begin this type of transition.'

'Transformation of markets usually occurs in two stages: the establishment of a primary market followed by development of a secondary market. The initial transition is much easier to accomplish. Well-functioning secondary markets, however, must develop largely within the private sector, although the central bank can exert some influence through the legal, regulatory, and payments infrastructure.'

'It is difficult for the central bank to accelerate development through transactions alone, as this risks dominating the market. Repos and reverse repos would appear to be the most effective instruments for encouraging such development. It is crucial, however, to develop an interbank market, which can then provide signals for policy.'

Last Edited by Revbo™ on 08/20/2013 03:56 PM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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08/20/2013 04:03 PM
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Re: Iraq an economic Study
Economist: Iraq did not exploit his release from Chapter VII until today
August 20, 2013, 5:16 pm

Said economic expert on behalf of Jamil Antoine, Tuesday, that Iraq did not benefit from his release from the provisions of Chapter VII until today, attributing this to the absence of economic plans and the deteriorating security situation in the country.
Said Antoine told him the reporter, "news agency Iraqis," that: "Everyone is optimistic that Iraq will regain its health economic terms after his release from the provisions of Chapter VII, which was imposed on it by the United Nations by bringing global investment firms and international banks and achieve a quantum leap in various areas of life. "
He added:But this optimism dissipated after the deteriorating security situation and dramatically in the country, it has become a stumbling block "before the advent of companies and foreign investment, and "the investment process need to be a national effort a great start from the House of Representatives legislation of laws important economic and ending the government and the institutions applying laws the ground to support and strengthen the national economy.

[link to www.iraqyoon.net]

So does this mean they finally got there Economic plans and security situation under control as of today. What laws were passed today ???
ReVbo™
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08/20/2013 04:23 PM

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Re: Iraq an economic Study
Economist: Iraq did not exploit his release from Chapter VII until today
August 20, 2013, 5:16 pm

Said economic expert on behalf of Jamil Antoine, Tuesday, that Iraq did not benefit from his release from the provisions of Chapter VII until today, attributing this to the absence of economic plans and the deteriorating security situation in the country.
Said Antoine told him the reporter, "news agency Iraqis," that: "Everyone is optimistic that Iraq will regain its health economic terms after his release from the provisions of Chapter VII, which was imposed on it by the United Nations by bringing global investment firms and international banks and achieve a quantum leap in various areas of life. "
He added:But this optimism dissipated after the deteriorating security situation and dramatically in the country, it has become a stumbling block "before the advent of companies and foreign investment, and "the investment process need to be a national effort a great start from the House of Representatives legislation of laws important economic and ending the government and the institutions applying laws the ground to support and strengthen the national economy.

[link to www.iraqyoon.net]

So does this mean they finally got there Economic plans and security situation under control as of today. What laws were passed today ???
 Quoting: YTFox


"Until today" is a tricky translation that I've seen several times before. It doesn't mean they did something today to remedy the situation. It means something closer to, "It hasn't been done yet." They didn't pass anything of any significance today, but what I take from Antoine's statement is he is encouraging them to do the economic reform. Notice the the bolded part and the "quantum leap" statement again that was in another of these economic reform articles. Chapter 7 allowed them to finally reengage with the world to achieve this quantum leap. Economic Reform and acceptance of Article VIII will actually accomplish it.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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08/20/2013 04:42 PM
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Re: Iraq an economic Study
Guess I was hoping they passed it hidden somewhere. Well guess I keep a close eye out on it now. I believe someone here posted that next
Thursday it will be brought up once again for vote.
ReVbo™
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08/20/2013 04:54 PM

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Re: Iraq an economic Study
DinarAlert has a new subscription service called Iraqi Television Subscription Service (ITTS for future reference). Basically, they've got a guy in Iraq they pay to just watch Iraqiya TV (not like Delta. This guy is for real), and today's translations has confirmation of the article that was posted about June 2014, that due to policies undertaken by CBI, the value of the dinar is expected to rise noticeably by or before June 2014, a move that is long overdue according to most economists.

Sorry, I'd copy and paste the whole thing, but it's copyrighted, so I'll give you the highlights as I get them.

Last Edited by Revbo™ on 08/20/2013 04:57 PM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
ReVbo™
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Re: Iraq an economic Study
Guess I was hoping they passed it hidden somewhere. Well guess I keep a close eye out on it now. I believe someone here posted that next
Thursday it will be brought up once again for vote.
 Quoting: YTFox


If Phoenix is right, there's a conference ongoing until Thursday dealing with economic reform, so I wouldn't expect a vote until Sunday at the earliest. I still haven't found anything on the conference, though. PIR, if you have something on that, would you post it? I'm living and dying Economic Reform lately, and a conference on that would be huge. They sure seem to be talking a lot about it, anyway.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
littlemiracles

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08/20/2013 05:16 PM
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Re: Iraq an economic Study
Million day has reform bill info on recaps...
ReVbo™
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Re: Iraq an economic Study
Million day has reform bill info on recaps...
 Quoting: littlemiracles


She seems to think they're voting on it tomorrow, and I haven't seen anything about that. I did see they are meeting again on Thursday, fwiw, and have not seen an agenda. Meeting on Wednesday would be highly unusual for them.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
littlemiracles

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08/20/2013 05:23 PM
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Re: Iraq an economic Study
Million day has reform bill info on recaps...
 Quoting: littlemiracles


She seems to think they're voting on it tomorrow, and I haven't seen anything about that. I did see they are meeting again on Thursday, fwiw, and have not seen an agenda. Meeting on Wednesday would be highly unusual for them.
 Quoting: ReVbo™

Yeah, my mate told me she said it was tomorrow but I didn't see anything about it until Thursday either. He's a MD fan.... He probably envisions her as a 20 something in a tiny bikini... chuckle
Anonymous Coward
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08/20/2013 05:32 PM
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Re: Iraq an economic Study
Million day has reform bill info on recaps...
 Quoting: littlemiracles


She seems to think they're voting on it tomorrow, and I haven't seen anything about that. I did see they are meeting again on Thursday, fwiw, and have not seen an agenda. Meeting on Wednesday would be highly unusual for them.
 Quoting: ReVbo™

Yeah, my mate told me she said it was tomorrow but I didn't see anything about it until Thursday either. He's a MD fan.... He probably envisions her as a 20 something in a tiny bikini... chuckle
 Quoting: littlemiracles


rofl
calin

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08/20/2013 06:28 PM
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Re: Iraq an economic Study
Don't worry about the June 2014 thing. It's just saying that BY June 2014, the value will be raised significantly, not that it is going to start in June 2014.

I know I'm starting to sound like a broken record around here, but an "open monetary policy" fits right in with the large scale liberalization of the economy CoM passed last week. What would be the point of opening up to the world economically and not liberalizing the foreign exchange market? That's why I'm looking for a float, whether from 1166, 86 cents, or whatever, immediately after Parliament passes Economic Reform.



Kaperoni:
Here is a great article again today that supports that the CBI is going to float the dinar. They are transitioning to "open monetary policy" or better known as "open market."

Here is the article..and subsequent IMF explanation of how this transition works and what is involved. This leaves little doubt that the dinar will rise gradually.

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

Financial representative: on the Central Bank on monetary policy open
|On 2013-08-20 | Writer Anthony David

Baghdad/Hamad Daham
The parliamentary Finance Committee stressed that "the primary cause of high dollar to Iraqi dinar lies in the political set by the Central Bank since the monetary policy pursued by the Central Bank with businesses and banks that deal with the Bank".

The Committee Member said Faleh Sari for daily "Alalam" that "the Central Bank told the House Finance Committee will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar."

He said in effect that "on the Central Bank to reduce the size of the companies that deal with money raised in the auction, which will lead to the reduction of the value of the dollar and rely on open monetary policy without complicated procedures and controls and opening wider the hopes of State banks. The banknote market has seen obvious variation in the exchange rate of the US dollar against the Iraqi dinar.



[link to www.microsofttranslator.com]


So what does this mean? Here it is direct from the IMF...

[link to www.imf.org]

'There is much to be said for switching to open market operations as soon as possible. Deregulation and globalization of markets make it virtually impossible to use direct controls without adverse side effects. Experience suggests that in practice countries act as if they have little choice except to begin this type of transition.'

'Transformation of markets usually occurs in two stages: the establishment of a primary market followed by development of a secondary market. The initial transition is much easier to accomplish. Well-functioning secondary markets, however, must develop largely within the private sector, although the central bank can exert some influence through the legal, regulatory, and payments infrastructure.'

'It is difficult for the central bank to accelerate development through transactions alone, as this risks dominating the market. Repos and reverse repos would appear to be the most effective instruments for encouraging such development. It is crucial, however, to develop an interbank market, which can then provide signals for policy.'
 Quoting: ReVbo™

I saw that article and decided that it was only relating the dinar exchange pricing from different banks and the central bank that they have so much trouble with... ie.. different fee pricing. Ya know, the complains from Iraqis about charging more dinar for the USD. I didn't read anything more into it. Hope you are right!

Last Edited by calin on 08/20/2013 06:47 PM
PIR

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08/20/2013 06:36 PM

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Re: Iraq an economic Study
Guess I was hoping they passed it hidden somewhere. Well guess I keep a close eye out on it now. I believe someone here posted that next
Thursday it will be brought up once again for vote.
 Quoting: YTFox


If Phoenix is right, there's a conference ongoing until Thursday dealing with economic reform, so I wouldn't expect a vote until Sunday at the earliest. I still haven't found anything on the conference, though. PIR, if you have something on that, would you post it? I'm living and dying Economic Reform lately, and a conference on that would be huge. They sure seem to be talking a lot about it, anyway.
 Quoting: ReVbo™


Here you go.

[link to goingglobaleastmeetswest.blogspot.com]
PIR
calin

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08/20/2013 06:45 PM
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Re: Iraq an economic Study
Guess I was hoping they passed it hidden somewhere. Well guess I keep a close eye out on it now. I believe someone here posted that next
Thursday it will be brought up once again for vote.
 Quoting: YTFox


If Phoenix is right, there's a conference ongoing until Thursday dealing with economic reform, so I wouldn't expect a vote until Sunday at the earliest. I still haven't found anything on the conference, though. PIR, if you have something on that, would you post it? I'm living and dying Economic Reform lately, and a conference on that would be huge. They sure seem to be talking a lot about it, anyway.
 Quoting: ReVbo™


Here you go.

[link to goingglobaleastmeetswest.blogspot.com]
 Quoting: PIR


Sounds like a workshop to help them with better management of budgets - focusing on the 2014 one.
ReVbo™
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08/20/2013 07:43 PM

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Re: Iraq an economic Study
Million day has reform bill info on recaps...
 Quoting: littlemiracles


She seems to think they're voting on it tomorrow, and I haven't seen anything about that. I did see they are meeting again on Thursday, fwiw, and have not seen an agenda. Meeting on Wednesday would be highly unusual for them.
 Quoting: ReVbo™

Yeah, my mate told me she said it was tomorrow but I didn't see anything about it until Thursday either. He's a MD fan.... He probably envisions her as a 20 something in a tiny bikini... chuckle
 Quoting: littlemiracles


She isn't 20 in a bikini?!

Kidding. She sounds about 45 or so. Smart lady. Just plays it fast and loose sometimes. Not that i'm innocent of that...
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
ReVbo™
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Re: Iraq an economic Study
Thanks calin and PUR. Have a great night, y'all.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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08/20/2013 07:59 PM
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Re: Iraq an economic Study
Thanks calin and PUR. Have a great night, y'all.
 Quoting: ReVbo™

Sure ReV! Hey... Where are ya goin'?
ReVbo™
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Re: Iraq an economic Study
Thanks calin and PUR. Have a great night, y'all.
 Quoting: ReVbo™

Sure ReV! Hey... Where are ya goin'?
 Quoting: calin


Just kinda busy tonight. I'll be around later probably.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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08/20/2013 08:02 PM
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Re: Iraq an economic Study
Thanks calin and PUR. Have a great night, y'all.
 Quoting: ReVbo™

Sure ReV! Hey... Where are ya goin'?
 Quoting: calin


Just kinda busy tonight. I'll be around later probably.
 Quoting: ReVbo™


oh.... okie dokie
PIR

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08/20/2013 08:20 PM

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Re: Iraq an economic Study
Thanks calin and PUR. Have a great night, y'all.
 Quoting: ReVbo™

Sure ReV! Hey... Where are ya goin'?
 Quoting: calin


Just kinda busy tonight. I'll be around later probably.
 Quoting: ReVbo™


Let us know when you get to Reno ReVbo...

grinning
PIR
calin

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08/20/2013 08:35 PM
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Re: Iraq an economic Study
Found this phrase ".... said that the issue of activating the banking sector in national economic development is one of the necessities urgent, especially in the Under the new economic trends in the shift towards a free market economy."

Read more: [link to dinarvets.com]


The article is too long to post here.
ReVbo™
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08/20/2013 08:36 PM

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Re: Iraq an economic Study
Thanks calin and PUR. Have a great night, y'all.
 Quoting: ReVbo™

Sure ReV! Hey... Where are ya goin'?
 Quoting: calin


Just kinda busy tonight. I'll be around later probably.
 Quoting: ReVbo™


Let us know when you get to Reno ReVbo...

grinning
 Quoting: PIR


I heard it's Ft Wayne, Indiana, now. OK, I'm not that busy. Thought we were painting tonight.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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08/20/2013 08:38 PM
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Re: Iraq an economic Study
Whoa! Iraq is coming up in the world!

Acceptance of the Iraqi National Business Council members in the Charter of the United Nations World

Read more: [link to dinarvets.com]
ReVbo™
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08/20/2013 08:39 PM

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Re: Iraq an economic Study
Found this phrase ".... said that the issue of activating the banking sector in national economic development is one of the necessities urgent, especially in the Under the new economic trends in the shift towards a free market economy."

Read more: [link to dinarvets.com]


The article is too long to post here.
 Quoting: calin


Iraq's banks need to get some economic reform. I love that term. Economic reform. I could just say it all night long. Get you some capitalism, Iraq. And get your reservations for my future deep sea fishing trips now. Space Cash Adventures, Ft. Morgan, Alabama.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
calin

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08/20/2013 08:43 PM
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Re: Iraq an economic Study
Found this phrase ".... said that the issue of activating the banking sector in national economic development is one of the necessities urgent, especially in the Under the new economic trends in the shift towards a free market economy."

Read more: [link to dinarvets.com]


The article is too long to post here.
 Quoting: calin


Iraq's banks need to get some economic reform. I love that term. Economic reform. I could just say it all night long. Get you some capitalism, Iraq. And get your reservations for my future deep sea fishing trips now. Space Cash Adventures, Ft. Morgan, Alabama.
 Quoting: ReVbo™

I used to deep sea fish... many years ago. Caught me a hammer head once on a cattle boat. Lost it after it jumped up high out of the water! Broke my line. Cool!
ReVbo™
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Re: Iraq an economic Study
Cool!
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Alexander

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08/20/2013 11:14 PM

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Re: Iraq an economic Study
Today from MtnGoat:

MOUNTAIN GOAT : Hi Everyone,


Wow! I am hearing so much intense negativity that this is yet just another false alarm for the RV. Let me tell you what I know to explain now what I can to dismiss this idea.

This is a very, very good week for us Iraq dinar holders. Put that champagne back in the frig...lol.

So much has happened behind the scenes to push this to conclusion in the past 3 weeks. It is a brilliant plan playing out but it takes time, details of which I can not tell you but I wish I could. Someday it will all come out, if you are still interested post RV.

But you ask- Then what is the hold up? This seems to be on eveyones lips.

What is the hold up?
Did it ever occur to you that there is really no holdup? We only think this way because we get bits and pieces of the puzzle as it unfolds and in our minds we draw some unnecessary conclusions. You have to ask yourself once again. Do I want all the news as it plays out? Or do I just want to know when to go to the bank?

If you truely want the news as this is developing then listen to the news coming out, sit back and relax and be sure it is all in our favor. Most should have realized by now there was yet another power move to lower our rate this week. For the benefit of all the USA citizens they did compromise on our behalf and our rate levels were lowered as what we can will be exchanging at. That is the base rate and the ceiling rates were lowered. I am not saying all is still not very good for us. Just think back to 2010. If I told you a rate of $1.13 you would have jumped for joy and ran to the bank? No..Yes? So now if I tell you a rate of double digits is possible. What now would you say? Is it worth the wait?

Pep Talk
So lets not be ungrateful and mad for being disappointed this RV is not happening on our time The gov't of the USA is watching out for us and does have a reason for negotiating a rate for us from Iraq. Beleive me if you do the math there is more than enough fat on the cow to go around and make everyone very happy! In fact the barn is just full of fat cows. Have you had a chance to read about all the corruption in the banking sytstem lately? What is all this corruption about? If you said money and greed..bingo...you are correct. So why can't we get a slice of the pie too this time and I don't mean hurting depositors from a bank or rigging the stock exchange or over priced military supplies. We are the ones who lost our handsome sons and beautiful daughters in the war. We are now investors in the best investment of all times and its all legal not corruption or a scandal. We are about all the be very wealthy and we don't even have to steal it.

What is now happening
I have heard that all the rates did get processed and now signed off by CBs. The rates did not all populate in FOREX though. They are working diligently on this issue. I know this sounds like yet another excuse but it is happening and will be corrected shortly. Remember they have never, never popped out 190+ changes to rates all at once and had to use this new software and CIX process.

Okay let me read your mind. You are asking I thought it was all tested out? No more techincal issues!

If you read my one of my recent posts when I described to you how the new process works as integrated with CIX you would know that the CIX is like the train. Once the rates are calculated they are put on the train. The train runs and makes periodic stops to deliver the rate to the CBs. One of the stops is also the international exhange FOREX. The train stopped, dumped the rates supposedly but when they verified (did their quality assurance diligence) many of the new rates did not make it along with other crucial information. This must work flawlessly. So I too am discouraged and say GET IT RIGHT ! I too am very tired of this. But it is still Tuesday and still within their window for this week. The IMF I got to tell you is very upset this did not go! Very upset!

I wish I could say more but this is very senative information even now I am telling you but I thought you need to know at least this much.

I hope you all understand. You will know exactly what I am talking about in the near future.

I will attempt to post again on Thursday and give a more detailed update, if I am allowed.
I wish I will be telling you before that time that we are all exchanging out already.

Peace and luv to ya all,
mnt goat
The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
Winston Churchill
calin

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08/20/2013 11:18 PM
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Re: Iraq an economic Study
Baghdad (IraqiNews.com) MP, Hussien al-Shiriefi, of Ahrar bloc assured “The parliament limited the Premier and the Speaker’s terms to two and no one can violate this law.”

Read more: [link to www.iraqinews.com]
Follow us: @IraqiNews_com on Twitter | IraqNews on Facebook


End of Maliki!
talkstory

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08/21/2013 12:05 AM
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Re: Iraq an economic Study
Well the goat is rapidly becoming just another BS artist right up there with tony with a T and Okie.
talkstory

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