Iraq an economic Study

[link to www.dinardetectives.com]

9-9-2012 Defense Minister: A meeting will be held on Monday to resolve the Defense candidate. The meeting will bring together leaders of all Iraqi factions, including Allawi. The meeting will focus on the selection of the candidate for the post of Defense Minister. Read more

Last Edited by Revbo™ on 09/09/2012 12:55 PM

Well... let's hope they actually name one and send him/her off for approval.

Informed sources: Iraqiya nominates three candidates for defense ministry.
10/09/2012 11:58:00
BAGHDAD / NINA / Informed sources said that the Iraqiya List nominated three candidates for the defense ministry and they are Salem Deli, Talal al-Zobaie and Falah al-Naqib.

Read more: [link to dinarvets.com]



hmmm... how many times have we seen this before?

getter done already. Geeez sk

Ain't gonna be getting out of Ch7 until the primary creditor gets paid.

[SWFloridaGuy] 9-11-2012 Chapter VII: Maliki meets Obama in New York to remove Iraq from Chapter VII. Departing for Iraq to the United States Prime Minister Maliki to Tros Iraq's delegation to the General Assembly of the United Nations, to be held next week in New York. Maliki will also include the word, according to the source, a statement Iraq fulfill its obligations towards the international resolutions concerning Kuwait, and there is no real justification for the survival of Iraq under Chapter VII of the UN Charter. Maliki will brief U.S. President on the latest developments and discuss shared files in relation to the Convention on the strategic framework agreement signed between Iraq and the United States.

I like this a whole lot.

Boozer:
If Maliki is in the US with the UN and Obama on the 18 and 19,,, Shabibi is in London same time,, and Talabani is back in Iraq the same time...and the names of the ministry of defencse has been named. sounds like a plan.. shabibi will RV, on the 18th so Maliki can ask for chapter 7 release on the 19th, and Talabani will have everything else done by the same time... Funny how Talabani is comming back on the day Maliki is out of town..just seams like a nice circle..so Im calling an RV this Month 1 for 1..Just the way I see it...
Feel free to add your 2 cent...

Read more: [link to dinarvets.com]

cool!

Maliki will present Thursday the names of candidates for the ministries of defense and interior

Published 12/09/2012 11:29 AM

BAGHDAD - "arenas of Liberation"
MP for the coalition of "state law" Sami al-Askari said the leader of his coalition of Prime Minister Nuri al-Maliki will present on Thursday in front of the House of Representatives the names of candidates to fill the posts of defense and interior ministries

Read more: [link to dinarvets.com]

NEVER saw that before!

Somebody help me out. Isn't this part of HCL? Sounds good, either way.


Shoresh Mustafa: distribution of oil revenues on the people is passed by Parliament and stipulated in your year 2012 budget

Wednesday, September 12, 2012

BAGHDAD - babysit - said a member of the Finance Allganh from the Kurdistan Alliance Church Mustafa that the issue of the distribution of oil revenues on the people is passed by Parliament and stipulated in your year 2012 budget.

He Shoresh in a statement to the news agency public opinion (and babysit) ": that everyone is determined to implement this subject and the distribution of proceeds either when and how to implement it need to coordinate between members of parliamentary commissions and the Ministry of Finance and the Council of Ministers." Noting that the implementation of the revenue depends on the availability of abundance the necessary financial resources to distribute to everyone. "expressing his expectation that this project is being implemented during the next two months."

He explained Mustafa: "The implementation of this article stipulated by the current year budget depends on the abundance of financial and if not available are not being implemented." Adding that the supplementary budget, which reached the House of Representatives indicates the presence of abundance financial resources for the implementation of this project, taking into consideration This abundance is calculated each year. "noting that these amounts if the distribution will be according Batafah ration include all segments of the people." He said the amount of money that will be distributed has not been determined yet because depends on the budget surplus year. "p / h


[link to alrayy.com]

Got an answer to my question...

Kaperoni:
Earlier this year they decided to write a law that would take any leftover revenue and divide it amongst the Iraqis. Your question ReVbo is a good one... I believe this was a supplemental or a temporary fix till the regular HCL law goes into effect.

thanks...

I can almost be 100% sure of this.

Since what has developed in recent days, THERE IS NO FUCKING WAY ANYTHING WILL HAPPEN TO BENIFIT ANYONE IN THE USA.

The only way you will be able to cash in, is if you have a Iraqi citizenship.

Just guessing, but I see the writing on the wall..

Everything, good and bad, seems to be smoke and mirrors of a sort we have not seen in history..

Something just isnt right,

They gonna get invaded again if they try to screw the world.

Yep, with the US holding billions of dinar and who know how much the Bushes and their Ilk hold. I think it would be unwise for the Iraqi government to only allow an RV for the in country population. No worries on that account. sk

Interesting new theory from Kap. He's saying they may go to a free float now and let the market have it.

[link to dinaralert.webs.com]

Ok, I am going to toss out a theory…You may or many not agree, but based on actions within Iraq and other events. It may be very close to what we will see happen in the near future.

I believe the plan always was to release the dinar at a “staging rate” at or about 1 to $1. There are many documents that reference that from Dr. Fadel, to the SIGIR report. So we can say with high probability that was, or should have been the plan.

The issue is, if that was the case, some liability falls on the CBI and Iraq. They must be able to sustain this rate. Remember as much as 10 trillion dinar may have been sold outside the country for what Saleh said, “will be held as a foreign reserve currency...for a very long time.” What that means is that the world’s central banks would, in essence, be funding the RV. We have discussed this before as central banks around the world, through “inter-banking,” would buy/sell the dinar creating benefit to each central bank holding it. Where this becomes sticky is the magnitude in which financially the world would become dependent on Iraq to sustain that initial rate. To have a GOI stable enough, to continue to progress economically and open to the world investment firms waiting to come into Iraq. One wrong move, possible violence, and the dinar could plummet leaving these central banks holding the bag on a near worthless currency.

So we see Shabibi has attempted, on at least two occasions, to bring his dinar to the international level (last June and again in April). To launch this initial rate, only to be denied by the GOI and CoM. After much thought, I have come to the conclusion that as corrupt as the GOI and CoM is, their reasons I am sure are selfish in nature (many of them hold lots of dinar)…knowing under the current conditions, the probability of failure is too great to risk with the currency - currency they hold. To bring the dinar to the international level to only have it fail.

Therefore, as time passes, the CBI is caught in a difficult situation. Economically, Iraq needs the RV yesterday. We have seen several articles pertaining to the advancement of the economy, the poor living conditions or lack thereof, investment into agriculture, manufacturing, etc. So the CBI has a real dilemma…

Do they launch the dinar at this rate?…And take the risk of collapse of the GOI, etc., taking Iraq back into a sectarian war?…Which would create a situation in which the CBI could not sustain the rate, dropping it’s value creating a setback of 2-10 more years? Leaving central banks around the world holding a worthless dinar? Or is there another solution?

Shabibi has a decision to make. Due to the current political conditions, demand economically in Iraq for advancement, and global financial conditions, time is not something Shabibi has to just sit and wait this out. His people are starving, investment is waiting, and economic growth is standing at the doorway. Shabibi can put people back to work, rebuild world class structures, and see his country prosper at least financially from the wealth of the country…But how?

Answer: The CBI can toss the responsibility back to the international community.

We have talked recently about ECNs or Market Makers. We see from the Iraqi Banking and Investment Conference, banks, hedge fund, and private equity institutions are all going to this event scheduled for Sept 18-19th, 2012. Clearly, these types of companies all have something in common...They are good at making money supporting currency...especially one with great potential such as the Iraqi dinar. We know the CBI wants to develop a world-class financial industry in Iraq, and these players can help Iraq get there.

So my theory is a switch in the plan. From a risky sustainable .86 or 1 to $1 rate to a aggressive possible free float starting at 1166 or so, letting the global market dictate the rate. Letting the world raise the value of the dinar based on what it “sees” as progress in Iraq. This creates a situation where the CBI is now “off the hook,” sort of speak it does not have to be concerned with failure. And as the GOI resolves it’s differences, mandated issues become resolved, the world will see…and the dinar will rise. The greater the progress in Iraq, the faster it will rise. The more open Iraq becomes to the international community, the greater the benefit to Iraq. The key here is…the risk of collapse and risk of global loss by central banks is now eliminated...or at least minimized.

I think it is entirely possible we may see the dinar come out on the world market, rising to .10 almost overnight. It may rise to 1 to $1 within weeks if the GOI can resolve issues. There is no way to tell for sure until it happens…there is no way to know how fast or how high the dinar will go, but this plan takes a load off of Shabibi and rests it on the world’s financial market's shoulders.

In a best case scenario, the plan will go forward as documented…with the “staging rate” of 1 to $1 or about. In a worse case, we must watch the dinar rise gradually as Iraq’s political stability takes hold. The rate you choose to cash out is then something you need to consider.

BTW, I agree with Senator Lindsey Graham. The blame falls sole on the US on this one. Lack of direction, commitment, and leadership is why we are even still discussing this issue.

Something to think about.


Kaperoni

Only one small flaw in the logic. If they RV at 1 to 1 and banks and countries around the world are holding dinar and will continue to hold it as a reserve currency, then it would seem they will do everything in their power to preserve the rate and stability of the currency and the country. So I don't see much downside for shabibi in going forward with an RV as planned and scheduled for the later part of this year.

Green lights all the way. They have all been counting on the Iraqi dinar to solve a multitude of financial problems world wide. sk

Hope you're right, sk. I'm kinda starting to take Kap's thinking more seriously, even if I'm not convinced yet. Let me know what you think of my thought process. This GOI is well known for foot dragging, so maybe, this is Shabibi's way of helping them along. Here's my response to Kap's post from a few minutes ago...


Revbo:
If the dinar goes to a free float, it won't take long before these 8th grade educated MPs figure out that every law they pass leads to increased stability, which leads to an increase in the value of the dinar. Yeah, it's insider trading, but as we have seen with our congress, even First World governments aren't exempt from a little investment corruption. Free float could get this GOI worked out real quick, if for nothing else than outright corruption. Might as well work to your strengths, and Iraq is the most corrupt nation on earth.

Last Edited by Revbo™ on 09/13/2012 03:23 PM

Oil dispute between Baghdad and Erbil is over, y'all!

[link to www.euronews.com]

Iraq, Kurdistan end oil dispute, exports continue

Reuters, 13/09 17:15 CET

By Suadad al-Salhy

BAGHDAD (Reuters) – Iraq’s central government and the country’s autonomous Kurdistan agreed to end an oil payment dispute after Kurdistan pledged to continue exports and Baghdad said it would pay foreign companies working there, a senior Iraqi official said on Thursday.

The decision resolves part of a broader feud between Baghdad and Kurdistan about control over oil and territory that has involved major companies including Exxon Mobil , Chevron and Total .

Deputy Prime Minister Rosh Nuri al-Shawish, a Kurd who is part of the central government negotiating team, said Kurdistan would keep pumping its share of national oil exports, and Baghdad would pay foreign companies in the Kurdish region.

“The two delegations agreed to resolve all disagreements and pay the foreign oil companies working in Kurdistan based on the budget law,” Shawish’s office said in a statement.

“The two sides agreed to continuing oil exports from the region through the Iraqi oil pipeline and to work to increase production to 200,000 barrels per day as a first stage.”

Current shipments from the Kurdistan region as part of national oil exports are around 120,000 bpd, though Baghdad says the agreed amount should be 175,000 bpd. The statement gave no details on when the increase to 200,000 bpd would occur.

Kurdistan in April halted shipments of its oil in protest over what it said were payments due from the central government to companies in the Kurdish region. It restarted shipments later, but said it would cut them off again by September 15 if there was no agreement on payment.

Baghdad and Kurdistan are still caught in a dispute over major oil companies like Exxon Mobil and Chevron who have agreed to sign exploration deals with the Kurdistan Regional Government, contracts the central government says are illegal.

Kurdistan, autonomous with its own regional authority and armed forces since 1991, gets central government funding and uses national pipelines to ship its oil. Baghdad says only the central government has the right to ship oil and gas produced in the country.

The Kurdish region has been looking for more energy autonomy. Already Kurdistan is shipping liquid fuel bi-products to Turkey in exchange for diesel and kerosene for the region’s power plants.

A draft national oil law that aims to resolve the disputes over crude has been caught in political infighting for years, though both Baghdad and Kurdistan say that there is progress on reaching an agreement on that legislation.

(Reporting by Suadad al-Salhy; Writing by Patrick Markey; Editing by Andrew Heavens)



Read more: [link to dinarvets.com]

amhvl:
Stryker sent me a text about an hour ago regarding a conversation with his translator. His translator told him he watched on Arab TV an announcement that the HCL had been agreed upon and is being sent to Parliament for final approval. Additionally, it appears all the oil contracts will get (or are getting) paid along with the funds owed to the Kurdish military. This seems to indicate Erbil may be done and just not announced yet.

easyrider:
Thanks and its what i have heard as well i dont think its coincidence neither. We can only hope they have finally agreed they need to move forward.

Read more: [link to dinarvets.com]

Last Edited by Revbo™ on 09/13/2012 06:28 PM

I hope SK is right as well. Like you said Rev a lot of people are gonna figure out real quick that major money is to soon be made. aside from all kinds of new corruption, passing new laws to show fake stability. What will that do as far as new new investors flooding the market? Would that be good or bad. A shit ton of people are gonna see .10 and figure out this float may hit $1 just by reading the web.

I also agree with what Kap said about them not wanting to jump the gun because they hold dinar and plan to get rich. It wouldn't take much for a complete collapse. A few assassinations might do the job and the currency is back to square 1166.00. I never really thought about that. I always wondered why they are taking so long to make their lives great, but they've seen what happens when you lose everything and I guess they aren't ready to take the chance.

Go to DV when you get a chance. It looks like HCL is actually happening. There are now 4 articles, including two English-language sources that, I guess, can't be posted here.

I'd like a quick jump to a dollar or better, but let's face it. A managed float with an overnight jump of 100,000% seems pretty hard to believe on its face. That's what's keeping a lot of folks out of this in the first place, and rightfully so. It's never happened in human history, after all, and to make it happen would require massive collusion on the part of every major central bank on earth, i.e. the "conspiracy theorist's dream investment" I mentioned when I got into this in the first place.

I'm not saying there isn't an element of that, but the managed float plan would look very fishy after IT happens, and there will be a lot of really pissed off people that they were left out.

If they go to a straight market float, nobody can say they were left out. It's sort of like a stock IPO, where a penny stock goes from the Pink Sheets to NASDAQ. As long as you get in quick enough, you can make a pile of money. frankly, as a free market kind o' guy, this new theory makes me very happy. Sure, it might take a while to get where we want it to. Then again, it might happen overnight, but at least the market will be the deciding factor, not a bunch of elitists who make up the rules as they go along and fight wars under false pretenses, even if those same elitists are the ones who created this project in the first place. The managed float is basically just price fixing on a grand scale, and no true capitalist likes that.

The most interesting part about this is, there's no RV or RI involved. Let the market decide.

GOOOOOOOO MF! (market float)

Last Edited by Revbo™ on 09/13/2012 07:21 PM

Boozer @ gregp :
I think the MINI Bloc has been formed,, and there where told by Nujaifi to get it done next tuesday the 18th..
What is strange, Shabibi is on london, Maliki is in the US, Talabani will be in Iraq.. all on the 18th, and now Nujaifi wants things done the 18th..Shabibi said Talabani will make the RV announcement to the Iraq people...so Im calling the RV on the 19th..call me OKIE if you want too..

Read more: [link to dinarvets.com]

My sense is that if they did a market float starting at .10 every investor would soon be on the band wagon. This would create a large demand for dinar and it would over night jump up. Perhaps creating one more bubble as speculators would see .10 a prelude to higher exchange rates in the near future.

That would be the time to sell half and hold the rest to see what comes. But if a bubble is created, it would be time to unload. sk

sell enough to break even, then let the rest ride..

Well at least while the mid East burns, Iraq seems to be holding together.

Baghdad, Iraq
Last Updated by John 7 hours ago
"In Iraq, reaction to the video clip has been limited to followers of Shiite groups linked to militias and neighboring Iran," reports The Wall Street Journal. "Several hundred followers of anti-American cleric Moqtada al-Sadr held brief demonstrations in Baghdad's Sadr City district, the southern oil city of Basra and other predominantly Shiite areas of the country, chanting 'Death to America.'"

[link to maps.google.com (secure)]