Iraq an economic Study

That guy (girl?), TerryK, is full of shit.

Sorry, Munsoned. I've been out of touch for a few days. No idea about timing, as usual. Sorry to hear about your recent unpleasantness.

Talabani having a stroke/heart attack is definitely a curve ball. I don't know how this affects us, or if it does. One thing I find about stepping away for a few days. It doesn't matter in the least whether I follow this or not. I'm always going to be just as confused as the day I got involved in it. It's really just a history lesson in real time at this point.

I got two "'bout damn time"s today. The opposition in Parliament is threatening riots if Maliki doesn't release the security team of his former Finance minister, and the US is threatening to release evidence of Maliki's corruption.


[link to dinarvets.com]

"...noting that "the embassy threatened to withdraw support political, economic and military for Baghdad." The source noted to "secretary Ambassador told Maliki's office that the embassy will reveal all the files of corruption of their existing toll, which six years, involving senior officials, documented recordings of telephone calls" useful "The embassy also threatened that the United States will increase protection for Iraqi funds at the World Bank ". The source said that "the embassy is deeply concerned about what is happening in the country, and political conflict erupted into serious ranges."

[link to dinaralert.webs.com]

Iraqi gave the government 24 hours to release the detainees, otherwise there will be consequences in the street

12-24-12 SWFloridaGuy: Only 3 days ago an amazing video was released!! This excellent video is in regards to the troubled global economy and how Iraq may serve as a fulcrum in its recovery. The video released by AlJazeera (one of the more trusted news agencies) states that Iraq is emerging as one of the most stable economic countries and that they will be one of the major booming countries in the region. The video also says that Iraqis are looking forward to the day when they will see the results of all that investment money and closes by saying that it's only a matter of how quick the GOI will recover and that Iraq will be one of the major booming economies in that area. This video confirms much of what we've suspected to be the case for quite some time.

Read more: [link to dinarvets.com]

wow Revbo!

Great posts, Revbo, the good news being that we are closer to an RV than we have ever been. All things considered. Hoping it would transpire before the new year, but doesn't look at this point like its going to happen. sk

Having fun in Hawaii, limited internet, back in Thailand on Jan 11th, keep up the good work all.

12-26-12 BlueDog (*********): I will be happy to answer your question. While the GOI and everything and everyone in Iraq appears more corrupt, greedy and historically inept than our own U.S. Government --- please let us not forget that it was not that long ago in the Bush/Cheney invasion era that the UNSC sanctioned Iraq and therefore took their currency off the world markets. I doubt I have to remind you of the value of one dinar to one USD prior to that time.

There is also little doubt Iraq is one of the richest natural asset countries on earth --- oil, natural gas, gold, diamonds, etc. While the sectarian and religious factions in Iraq argue over power, greed, corruption, control, and everything else -- please remember this has been an ongoing problem for many centuries there.

Also remember the ruling elite are similar to the 1%'ers in our own country in that we have to seriously question their true concern or regard for the 99% of the population. The elite are already wealthy and secure for life.

The incentive to act quickly on behalf of the very people they "rule" may be lacking. But back to the currency and asset issue: regardless of how long it takes to revalue the IQD in whatever way they elect, there can be little argument the IQD does not have the actual asset wealth to back the currency (which the USD does not have) and if Iraq wishes to rebuild the country.

To become a member of the WTO and be an elite member of the Arab world they will have to meet the UNSC requirements to be removed from Chapter 7 sanctions and then be ascended back to the WTO and while all of this is occurring Iraq MUST reacquire a currency which is accepted by the world exchanges and has a value to support their budgets and rebuild the infrastructure of the torn country. That new value might arguably be at or near the value of the IQD/USD.

The "evidence" for a global reset is the intuitive, known reality that the world financial system is broken. 600 trillion USD of toxic credit default swaps marked back to original cost by the Obama/NASB slight of hand accounting rules last year allowed the banks to survive temporarily ---- but these toix assets are still owned by the banks and lenders and will have to be dealt with in some way to avoid the world financial total collapse.

Fact is....there are NO FACTS that we will ever be told until such time as the global currency reset occurs. I am a professional currency trader and I do get to read a lot of institutional material --- and I can assure you Wall Street cares nothing about Main Street and the 1% care nothing (most of them) about the 99%.

BUT ----- if the global financial system has a systemic failure, even the super rich will find themselves in a desperate situation along with all of us. Whatever currency they hold will devalue as the financial system implodes.

Our UST has more than 16 trillion USD debt. Our Federal Reserve Board (after the recent GAO audit revealed) has more than 16 trillion "fiat money" loaned out to U.S. and foreign entities --- which on the Fed balance sheet is a LIABILITY in reality because it cannot and will not ever be repaid.

I have NO affiliation with any currency dealer or IQD broker or sales entity. We trade currencies and the S&P futures market heavily each day for our own accounts --- not attached to any Wall Street firm. My personal group of 3 traders own about 100 mil IQD -- so that must suggest I think we have a good shot at this.

From what I ave been told China has a huge vested interest in the IQD and also has quietly bought many of the banks in Vietnam. Vietnam is an agricultural country that is slowly growing in GDP and their VND is presumed to be a vital part of the global reset.

Here is the essence of all of this. Because Iraq is the ONLY country with the required asset base to tolerate a serious currency revaluation back to pre 2003 levels it becomes necessary for the IQD to be the main currency in any global reset.

Some debts will be "forgiven" and many will be repaid. IF we do not have a leveling playing field event ---- none of this will matter to any country. Most central banks and wealthy investors do own the IQD and VND --- I am told. When the U.S. and the UNSC and the IMF finally apply enough pressure on Iraq -- we will see the RV occur. Not before.

China, Japan, the UK, the EU, the U.S. are ALL in serious financial strife now. Even the Russian Federation has serious problems. And we all know about Greece, Italy, Portugal, Spain, etc. etc. They are hanging on from loans from the ECB and the WB and the IMF. By the way, you know the UST has for years been the main funding component of the UN and the IMF.

No disrespect here, but none of these talking heads and spin doctors know anything about the inner workings of the world financial system. It is complex and controlled far beyond imagination. BUT I would ask you this: DO YOU TRULY BELIEVE THE WORLD POWERS ARE GOING TO ALLOW THE ENTIRE GLOBAL FINANCIAL SYSTEM TO FAIL ?

Almost all of the world currencies are FIAT money backed by nothing more than faith, hope and past performance. The 600 trillion toxic, worthless derivatives have in one giant step pretty much wiped out decades of hard work. There is not enough money in the entire solar system to retire that much debt.

SO ------ we either accept the notion that the world financial governing bodies (primarily the U.S.) are working toward a solution ------ or we are left with the notion that we will eventually face an entire world monetary collapse. IF they are working toward a solution that suggests a heretofore unique global event in which currencies and debts and all playing fields MUST be resolved and we begin a new world monetary order.

Despite all the sword rattling and left wing nonsense put out by the media --- the U.S is still the world's strongest, most feared, and most respected nation. We are the world leader and we will be the catalyst for survival monetarily.

DATE & RATE ------ I wish I knew. NO ONE KNOWS right now --- but it is being worked on every week as best we can without another outright invasion of Iraq and toss Maliki in the trash can. Remember, we put Maliki in power and backed him.

Now we are realizing that was a mistake. But we have to live with it until Obama decides what he will do eventually. Barack Obama (whether we like him or not) is THE MOST SINGLE POWERFUL POLITICAL PERSON in the world.

Just ONE of our nuclear carriers from the 5th fleet could eliminate Iran in 72 hours. They know this. Why do you think we have not been hearing much from Iran in the news lately? Despite military budget cutbacks ---- we have by far the most advanced technilogically military in the world. Russia, China, Iran ---- they know this.

I guess we have said enough. I and my group are with you in wanting this mess to end as soon as humanly possible. Of course we do. When Iraq feels sufficient pressure from us and the UN and the IMF ------ it will happen. I would personally like to see Iraq under limited sanctions from the U.S. again ---- but that is unlikely. Iraq owes the U.S. and the IMF many billions USD.

And we still have frozen at the Fed Reserve Bank of NY more than 800 bil USD belonging to Iraq which were frozen under Bush/Cheney. Anyone who wishes to ask a specific, reasonable question can email me personally through The Trade Desk at bionicdog@triad.twcbc.com

Privacy is of their serious concern. I realize well this has been a frustrating, long overdue event. We are all annoyed and agitated by the never ending delays and excuses. But we are dealing with a 5000 year old culture and unless you have spent time there it is difficult to understand their thinking and behavior.

Read more: [link to dinarvets.com]

Economist: the problem of low liquidity includes all of Iraq

Thursday, 03 January 2013



Economic expert stressed that the crisis reduced the amount of Iraqi currency include all parts of Iraq, and not only the Kurdistan Region, due to widening trade relations with neighboring countries and the transfer of large amounts of currency abroad. Dr. Khaled Heydari professor at the University of Sulaimaniya told NNA that the low amount of Iraqi currency is due to several reasons the most important out of large amounts of currency to neighboring countries, pointing out that a large number of Iraqi banks did not comply with the instructions issued by the central bank and related to retain a certain percentage of the currency in banks, and its desire to increase profits through the granting of loans, adding that the postponement of traders المديوني&#160​6; to repay their obligations is another reason for the low liquidity in the banks.

He also warned Dr. Khalid increase printed Iraqi currency to overcome the crisis, saying that the increase printed currency will lead to lower its value against other currencies, especially since the Iraqi dinar has good value at the present time, adding that the proper solution to this problem lies issue a decision by the central bank to claim المديوني&#160​6; pay their financial obligations in a specific time and reconsideration Iraqi trade protocols, and to inject liquidity in the market or make a deal to trade agreements in U.S. dollars.



[link to translate.google.com]



Kaperoni:
It's pretty obvious the plan worked. The statement clearly states...
"the low amount of Iraqi currency is due to several reasons the most important out of large amounts of currency to neighboring countries, "

So most traded in dinar for dollars to sell/smuggle to these other countries like Iran and Syria.
--

tlar:
Low liguidity means just that. Not enough dinar. The only thing that will chjange this is the release of the smalls. The only thing that means is RV. This is what the beginning of the end looks like . They have bought enough dinar up that there is not longer enough in circulation to handle the needs of the economy. It's no wonder. At 299 million per day, unless they are knowingly buying counterfeit currency at sometine they have to run out of dinars. I said in another post yesterday that 299 milion USD equals 355 billion plus dinars. This is equal to basically a trillion dinars every three days. How many dinars are there?> The CBI stated almost a year ago that there were 27 trillion out. They also stated that in Iraq there were 4 trillion dinars in circulation. That leaves 27 - 4 = 23 trillion dinars. We know that we as investors represent 2 trillion. We guess the YUS at 4-5 trillion. China maybe 3 trillion. The rest of the world at another 6 trillon. That still leaves 11 trillion dinars unaccounted for ifyou belive the beginning numbers from the CBI and if they were not counting what was sitting in the CBI. If you consider that the CBI through the auctions, in the last 4 months has bought 150 million per day that is 178,350,000,00 billion dinars per day. 178,380 billion per day x's 80 days =14.268 trillion dinars. It's no wonder that they are very short on liquidity. How many days did they exceed 299 million sales of USD. Remember they are buying dinar selling USD. It does not take a rocket scientist to see that at sometime dinar liquidity in the middle east, especially in Iraq is extremly low. My computer will not let me correct anything that Ijust wrote without errasing the next letter so I appologize in advance for any misspelled words.

Even with the reciculation, buy and sell, the stocks of dinar in circulation has to be critical. Articles like the above only stand to confirm my conviction that we are close.



Ennorste:
This may refer to, among other things, the Warka Bank incident in which they were taken into receivership because their reserves were too low (less than 200 billion dinar, as I recall). This may be happening throughout the country, according to this article.

This also may reflect the fact that Shabibi has been largely successful in removing the large notes from circulation in the country.

I believe the second paragraph refers to the plan to introduce a new currency and is saying that this should occur as soon as possible. I think that the phrase "lower the value of the dinar" is a mistranslation, since it is contradicted by the remainder of the sentence, which refers to the "good value" of the dinar. Therefore I say that this article is recommending going ahead with the change in the currency, which other articles from Parliament are saying is now imminent (beginning of THIS year). I believe the phrase "lower its value against other currencies" means going from 1166 per dinar to a "lower value" per dinar, which really means INCREASING the value of the dinar.

Steve

Last Edited by ReVbo™ on 01/03/2013 07:45 PM

Crazy day. Here's a brief synopsis...

1-4-13 ReVbo: Man, it must be absolute chaos over there. Nujaifi wants a no confidence vote. Maliki wants to dissolve Parliament. I'm seeing that, according to their constitution, to dissolve Parliament, they either need a Parliamentary majority or 1/3 of Parliament with the consent of the President of the Republic, Talibani, who we know is incapacitated at the moment, so do his powers go to someone else, or is that option off the table? What a mess. But then, hey, nobody ever said getting 100,000% return on investment was gonna be easy, huh?

Also, great article on currency...

Baghdad (newsletter) ... Banking expert confirmed Abdul Aziz Hassoun, Iraqi dinar maintains its value and does not vibrate with the Central Bank crisis, noting that the current Central Bank Administration to promote the power of the Iraqi dinar.

He said Hassoun (News News Agency): the Iraqi dinar has made him a force on its value and not vibrate to any financial or economic crisis in the country, including the Central Bank, because it hedged by cash reserves of hard currency.

He added: the current Central Bank management to increase the value of the Iraqi dinar and make it desirable internationally through monetary policy, as well as the application of the rules by banks to prevent the smuggling of currency or money laundering./finished/8 n. p

[link to www.microsofttranslator.com]

Last Edited by ReVbo™ on 01/04/2013 06:13 PM

So, it looks like Talabani may actually be dead this time. And so the chaos continues...

[link to sna-news.net]

source confirmed the death of President Jalal Talabani in Germany, the source said in a statement, "told the secrets of news / not /" The president of the republic died the day before yesterday, at 3 in the morning. Adding that Hero Talabani returned to Sulaymaniyah Prepare to receive funeral ceremony. The source added that the Patriotic Union of Kurdistan declined on the death of President while choosing his successor.

blah

US dollar USD 1166.000 1164.000
Indicative rates - 07.01.2013

What cha think of the EU ratification with Iraq guys?

Really, really good news.

Looks like Maliki's almost done, too.

Hey Rev bo just got back to Thailand. Not up to speed on the EU ratification with the Iraqi guys, got a link.

Maliki going away would bode well. sk

[link to www.europarl.europa.eu]

Here's a longer piece from an Arabic newspaper.

European Parliament agreed on a partnership agreement with Iraq in the fields of trade, investment and development (European - Archive)

Labib Fahmy - Brussels

Endorsed by the European Parliament today signed an historic agreement will determine the first contractual relationship between the EU and Iraq, and after the European Parliament formally approved the partnership and cooperation agreement signed by the two sides in May / May.

The parliamentary vote is like a green light for the Treaty to enter into force after formal adoption by the Member States. MEPs felt that the agreement would help to complete Iraq's transition towards democracy and reconstruction and normalization of relations with the international community.

It is expected to strengthen the Partnership and Cooperation Agreement bilateral relations in many fields ranging from trade to investment through development. With the help Iraq on the direction in the course of accession to the World Trade Organization.

The MP said Mario Mauro, who prepared the report, which was approved by the European Parliament, "The Partnership and Cooperation Agreement symbol of the commitment of the European Union to play an important role in the transition process in Iraq, and we have to work in order to match the political ambitions and strategic issues with human needs and financial resources."

He added that the political transition in Iraq is not yet complete, so "we need to provide economic opportunities and social measures, our goal is to strengthen the economic infrastructure of the country and ensure development and peace."

According to the agreement for a period of ten years, subject to renewal, ministers will meet the two parties a year to re-evaluate the progress made in the issues of peace, democracy and the rule of law.

And the European Union should help Iraq to join the Rome Statute of the International Criminal Court. The agreement will also, as stated in the text, human rights and fundamental freedoms and seeks to combat terrorism and weapons proliferation.

The MP said Mario Mauro Europe in the past need to a long transition period, and after 70 years became peace prevails, "but we still strive every day to more clarity for our politics., It is impossible for the Iraqis to reach stabilize the situation quickly, it is a long process. . and we support them. "

In a separate decision, the members of the European Parliament expressed concern about the violence and human rights violations in Iraq, and called on the Iraqi authorities to take more stringent measures to combat violence.

He also stressed MEPs urgently need Seen stronger EU in Iraq, and demanded human resources necessary for the European Union mission in Baghdad and ensure secure buildings to work effectively, so as to ensure the implementation of programs funded by the European Union and to monitor the human rights situation and the reform process.

[link to translate.google.com]


This is a statement from a member of the Euro parliament that goes along with it with some commentary from DA.

[link to www.dinarrecaps.com]

Last Edited by ReVbo™ on 01/21/2013 08:58 AM

From a Powerpoint presentation by the CBI just today. Highlights at the bottom and commentary by Kaperoni.

[link to www.authorstream.com]

[link to dinaralert.webs.com]

5 - the Bank's approach for the coming years in light of the results of the analysis of the bank current and benefit from the results Bank adopts the following plans:

"Achieve stability in the exchange rate of the Iraqi dinar in the context of a flexible exchange rate system orbit. " - That means free float! Google it!

And this great quote...

"C - the issuance of currency - moving towards maturation of the project to delete three zeros from the Iraqi dinar, any so-called reform of the currency management system (Rebasing)." So as the dinar goes up in value, they will issue new smaller notes - as they say..."moving towards maturation of the project to delete three zeros from the Iraqi dinar" In other words, as the rate rise, the zeros will come off.

It's pretty much the entire plan laid out.

I will just add, IMO, the float must start ASAP...they are following the National Development Plan 2010-2014. Remember what the World Bank said would occur in 2014? Iraq would be a "doner" state. Therefore, the dinar must have value, and the deletion process must be done before then. There also have been articles that say that they will delete the zeros in 2014 which means the the value will be 1 to 1 or higher by then and the transition will be complete.
--

Last Edited by ReVbo™ on 01/21/2013 08:33 PM

Thanks Revbo sounds encouraging and would seem to be going according to plan. We should be in the doe, ray, me by the end of the years. I was hoping for a little more progress, during the first part of this year, but perhaps its not in the cards. But as always, I remain certain of a payoff eventually. Until keeping busy here in Thailand, getting ready to open the other half of the resort. busy, busy, busy. Should you or some of the other dinar tards feel the need to roam, the door is open. sk

Thanks guys.

That's the first time you gave a link to DA that didn't have me log in (which I don't have).

Y'all want proof of an upcoming RV/float? You just got it, courtesy of none other than Abdul Bassit Turki himself, acting head of the Central Bank of Iraq. Here's a speech he gave at the banking conference earlier this month, followed by a translation that has been confirmed by OutOfTheWoods of Stryker's place and just a few minutes ago by Kaperoni's Arabic translator.

[link to dinaralert.webs.com]

The YouTube posting date of the referenced video for this information, is; January 21 2013

This is the Gov. of the Central Bank of Iraq; Dr Abdel Bassit Turki Saeed speaking January 12th 2013 at the Union of Arab banks conference in Baghdad. The governor explained current changes in banking law in Iraq and the monetary prevailing situation.

[link to www.youtube.com]

kaperoni: My Arabic translator reviewed this and said it was very good and accurate.


OutOfTheWoods: My son in law, translated this speech, while I (OOTW) transcribed. The points listed below are the noteworthy and predominant comments from the video:


1) Mr. Turki stated that Iraq has major resources; which, of course, oil is a part of, but there are also other major sources of wealth within Iraq.

2) Mr. Turki stated these resources will effect the Iraq economy strongly.

3) Mr. Turki went on to state Iraq soon plans on applying this wealth to back the currency of Iraq, for the benefit of the Iraqi peoples.

4) Mr. Turki said steps will be taken to "restructure" the Iraqi currency, which will be based on the country's resources, and the wealth of the resources will be reflected and applied to the value of the currency.

5) Mr. Turki stated that the measures taken to properly asing or instill the correct value of the currency, must be taken slowly and carefully, and so they will be.

6) Mr. Turki also stated the Central Bank of Iraq is currently in the process of applying these steps to the restructuring of the currency.

7) In conclusion, Mr. Turki said that 10% of the restructured currency will be retained by the CBI and 5% of the restructured currency will be distributed to exchange houses. It should be noted that Mr. Turki remained vague as to whether these changes would be put in place on a global scale, nor did he state that these changes effect only the Iraqi economy.

At no time during this speech, did Mr. Turki mention nor name the process "deletion of the zeroes", nor did he state within this speech, that Iraq is in the process of replacing the currency. In relationship to the Iraqi economy or currency, Mr. Turki continued to refer to the application of wealth to the currency, as "restructuring" of the value of the IQD.

Notes: : I asked my son in law in detail about the translation of this; "Does this mean 5% is going to other banks for distribution?" and he said no, he said, "Mr. Turki expressly stated that the five percent was going to be distributed to exchange houses so people may exchange the currency for the restructured currency". I also asked him (my son in law) "Did Turki mention anything about deletion of the zeroes or printing new money?" He said no.

Last Edited by ReVbo™ on 01/27/2013 06:13 PM

Wow ReVbo! Give me your take on that? Love to hear it!!

Don't see that on DV


Only 5%.... not a big restructure. right?

Last Edited by calin on 01/27/2013 07:39 PM

Bump for imminent RV.

Yeah, I can't believe this hasn't gotten more play. My take is pretty straightforward. I think Turki's comments speak for themselves. He says Iraq's wealth will be reflected in their currency, and that said wealth will strongly affect their economy. That doesn't happen with a few billion l-word-ed dinars. The l-word, as has been mentioned ad nauseum for years, is a neutral event that has zero effect pro or con on the local economy.

He says they are currently in the process of taking measures to "assign or instill" the "correct value of the currency," which, to me, means the current value is artificial and, when they have finished their preparations, we will see the real rate.

He refers to other major sources of wealth. I assume he's talking about the gold, phosphorus, and other resources, which will all contribute to backing the currency, and he says, specifically, that they will "soon" apply this wealth to back the currency. There's your asset-backed currency that has long been debated.

It's still a question of when and how much, but this is as close to confirmation of an increase in value at some future date as we're going to get until it actually happens. In fact, I'd say this is actual confirmation, not just close to it.

Still not completely sure about the 5%. Kap seems to think banks will get 85% of it, and the 5% means they have already collected most of the in-country physical dinar from the population. Banks still hold a lot of digital dinars, though, so they would, naturally, receive the vast majority of the new dinars.

kaperoni on the 5%:
IMO they are talking about the distribution of the new lower denominations of currency in Iraq. He seems to say that the local currency traders will get this currency (about 5%) of what was printed. 10% will be held back for replacements, etc. and 85% will go to banks.

Last Edited by ReVbo™ on 01/27/2013 08:06 PM

Yes, thinking the same then. Ya know, Shabibi spoke along the same lines too. This You tube presentation is current and reinforces the plan all along ... just my take. Nice to know! No "l" word either!

Your the best Rev!

Now.... where is our OP? ;)

I was just thinking I remembered Shabibi talking along those lines just before they ran him out of the country. Maliki is far too weak, at this point, to pull the same crap with Turki, though, evidenced by the former CBI deputy Saleh recently being released from jail. I don't remember Shabibi being this explicit, but you're absolutely right.

I'm sure seeker'll be along soon enough. He's in Thailand now, so he may be asleep at the moment. Not sure what time it is over there.

Last Edited by ReVbo™ on 01/27/2013 08:53 PM

Oh, that's right... he be sleeping! Well, maybe just getting up.

Glad Saleh got released.

Your are a gem Rev!

Hey Rev, Why not post it on DV?

Kinda tired of that place and don't really feel like managing a thread. I sent it to Kaperoni and he's building his conference call tomorrow night on it. Somebody with a little thicker skin and more patience can fight off the l-word-sters over there.


Here's the call info, if you're interested.

Special DinarAlert Conference Call - Monday, January 28th, 2013 - 6pm PT/ 7pm MT/ 8pm CT/ 9pm ET

DinarAlert continues to be the leader in keeping its members on-top, informed and up to date with the latest news and information regarding the pending revaluation of the New Iraqi Dinar.

DinarAlert is excited to have a special call Monday, January 28th 2013 @ 8pm CST hosted by Enorrste, Russell and Kaperoni.

This special call will discuss the latest news and events. We will discuss some of the highlights, fun and people we have met over the past couple of years. Don't miss DinarAlert's 2 year anniversary call!.


Please join us. (805) 399-1000 Code: 296983#

Skype:freeconferencing.8053991000

Last Edited by ReVbo™ on 01/27/2013 09:03 PM

I will call from my cell - am at work... I can overlap!

Hmmm... 805 area code. Is that his location or just the conferencing number? 805 is near me.

Last Edited by calin on 01/27/2013 09:10 PM

It's tomorrow night, and it's just a conferencing number. Kaperoni is physically located in Minnesota. Enorrste is in California, and Russel is in Australia.

Yep... 805 is So Calif

Wow, the news looks good. Glad to see that the loppers are loosing ground.

An L makes no sense for good of Iraq or its people, but a revalue in the form of a float or a float after a fairly substantial increase in the exchange rate are in the cards and per the plan, it looks like our wait might be coming close to an end. Great find Revbo. Thanks. sk