Thread: Iraq/Dinar News to April 19, 2007 10PM CST

Originally Posted by Wm.Knowles

I know that many of my friends has heard this before, if so. I am sorry to bore you. While running convoys across Iraq in '04, many in my reserve unit were knowledgable about the financial world. We bought dinar on the roadway and from the iraqis on our base (which you can't do now) and felt at the time and NOW that the nvestment was a three year process with a clock that started in Oct. '03. We bouth dinar based on WHAT WE SAW IN IRAQ< Not the news, not the blog and not the rumor mill. Nothing has changed my opinion. This is still a three year investment from Oct. '03 and considering all of the numerious milestones that have been made and are in the process, I think we are in a good place for this investment to do what we want. We have to remember that the people that are in charge of this are not broke, not hungry, and not impatient. They know what is to take place and on what timeline. The only thing we can do is to wait and to understand the fundamental economic issues that we are seeing and attempt to understand them in terms of economic theory, practice and progress. All is well for us. So be patient and as one once said, those who own dinar wil make money, those who wait and hold, will be rich. IMHO. Thank You.

Once again, a level headed and sensible comment from Mr. Knowles.

Thanks for your continued input.

Iraq : reconstruction and the search for money وندAir Gordon-Monde
.Agency alleges that the American presence in Iraq is enormous sums of money spent on reconstruction projects, and thousands of these projects have been completed and others on the road. لكن .But liquidity (and some of the funds for Iraq) went immersed in favor of contractors, who either have done a bad or that they did not accomplish anything at all.
.The video showed scenes that appeared on the Internet pictures of the soldiers are providing generators for the health clinic or give shoes to Iraqi children. ".The soldiers said "we have come to help the Iraqi people." هنا".He said people "in the past year seemed to Fallujah as a ghost. And now I can see improvements everywhere. That is very beautiful in Fallujah ", or" it is a great day for the villages. The coalition forces accomplish great things here. "
.At the same time publishes the American Agency for assistance, Yu. S. The publication, "the reconstruction of Iraq, updated weekly : the memory of progress and good news", which provide reconstruction Ksil of projects that do wonders to improve the lives of Iraqis and Almmatnen admirers. .In the meantime seems the Ministry of Defense and other participating agencies, the American described as another reality. وقد %.The report appeared recently boasted that the ministry has spent the amount of $ 10.5 billion so far in the 3500 draft has been directly working almost all completed 80%.
لكن .But auditors independent auditors have repeatedly referred to the reports issued by these agencies either exaggerated or false. .While the Ministry of Foreign Affairs announced that 64 draft water and sanitation had been completed and 185 more are under implementation, the government accounting office said that these allegations are exaggerated to a large degree, has not been able to provide the Foreign Ministry and the office staff updated the list of projects, making it impossible to analyze the issue. .The criticism has been directed once again by inefficiency.
لقد .The transformation project to establish 150 medical clinic urgently needed to the disaster, after two years of work and an expenditure of $ 186 million, had been completed more than six medical centers-in the Agency reduced the contractor's obligation to complete the 20 health centers instead of 150. وا قام ها.When the contractor to supply medical equipment, no government agency American inspected or storage. .When the auditors examined the goods, it was clear even without opening the containers that half was devastating, suffers from the defects. ثم .Then the equipment remains in a warehouse, and there was no plan for distribution.
أما ".As for the Police College in Baghdad, according to the value of $ 72 million, was the construction operations are very poor, so that the probes found that "the government's quality assurance did not even exist in the follow-up to the contractor's performance."
لحالاتThe worst-case scenario
.Tend to be underrated is the failure of reconstruction reason for the failure of the largest suffered by the United States in Iraq. .When the United States dropped on Saddam Hussein in 2003, there was optimism and assessment in Iraq. .The hope then to be short and then the American occupation of Iraq will run their own affairs unit. .But the occupation turned out to be the worst-case scenario. فقد .It failed reconstruction, it quickly became clear that the United States has no intention to withdraw from Iraq.
في.In the summer of 2003, laid the occupation authorities for decades with huge American organizations for the implementation of projects to establish, but nothing has materialized on the ground. .There was little electricity to operate the cooling fans in the heat of summer or the operation of water and sewage treatment or to provide refrigeration for medicines sensitive. .He quickly deteriorated humanitarian situation. .In the absence of adequate water treatment, Kaldzentaria spread of epidemics and other water-borne diseases.
.The very big disappointment because the Iraqis believed that the United States, treasure and mighty, could serve anything if they so wish. .It has been in the meantime comparisons with the Saddam regime : After massive bombardment during the first Gulf War in 1991 to destroy Iraq's infrastructure (bridges, roads, generators, telecommunications, factories and refineries for oil refining), the regime of Saddam campaign for emergency reconstruction. .Using odd pieces and collect pieces of a factory for the operation of another plant, the electricity supply was restored within weeks.
في.At the time, were sent every engineer in Iraq, including spe******ts in nuclear physics to rebuild bridges, and within three months re-establishing the telephone system. وفي".In contrast, when there was a power cut in New York in 2003, people scoffed at in Baghdad and said jokingly, "Let us hope they are not waiting for the Americans to repair it."

جريدة المواطن العراقية

Originally Posted by Wm.Knowles

I know that many of my friends has heard this before, if so. I am sorry to bore you. While running convoys across Iraq in '04, many in my reserve unit were knowledgable about the financial world. We bought dinar on the roadway and from the iraqis on our base (which you can't do now) and felt at the time and NOW that the nvestment was a three year process with a clock that started in Oct. '03. We bouth dinar based on WHAT WE SAW IN IRAQ< Not the news, not the blog and not the rumor mill. Nothing has changed my opinion. This is still a three year investment from Oct. '03 and considering all of the numerious milestones that have been made and are in the process, I think we are in a good place for this investment to do what we want. We have to remember that the people that are in charge of this are not broke, not hungry, and not impatient. They know what is to take place and on what timeline. The only thing we can do is to wait and to understand the fundamental economic issues that we are seeing and attempt to understand them in terms of economic theory, practice and progress. All is well for us. So be patient and as one once said, those who own dinar wil make money, those who wait and hold, will be rich. IMHO. Thank You.

WK,
Thanks for the PEP talk! I'm with you in the belief we will all be surprised very soon based on all the great news posted and awesome research our club does daily. It can't be much longer.. HOLD ON FOLKS

Keep your FARM JIG and your WOOT READY!!!!!!!


TNT

Thought I would bring this up for discussion...Is there any way that they can reprint the dinar after a time period of 5 yrs. Can they do it now if they choose to. Dont think that they will..but you cant count it totaly out as the iraqis dont make sense to me anyhow. I remember hearing something that de la rue has some rule that if you use their currency printed by them you have to wait 5 years before you are allowed to change it. Is this 5 yr rule some made up garbage or is it true..I dont have a link or anything just remember hearing about it. SGS maybe you can shed some light on this.. 2008 would mark 5 yrs... tank

Economic: Central bank governors Gulf remain on the exchange policy

City (Saudi Arabia) (Reuters) - pledged central bank governors in the states of the Gulf Cooperation Council on Tuesday to maintain the exchange rate policy in the face of potential disruption of the monetary unit and pressures in the market to reduce the dollar linked currencies declining value.
The six governors meeting in the Saudi market expectations that it may not be possible to meet the deadline established in 2010 to the monetary unit is the main reason for investors to bet on that some Gulf countries would allow their currencies to rise to contain inflation. Shots Kuwait, which was described in the survey conducted by Reuters as more countries expected to raise the value of its currency originally third in a battle with currency speculators today, Tuesday, reduce interest on the bonds of such term in auction at the beginning of the week. The retreat from the UAE Central Bank to cut interest rates, announced on Monday in a gesture analysts said they show significantly difficult path to be taken by the central banks to pursue. Said Carolyn Jaradi economic Deutsch Bank, which in January signed in January that some denominated in the currencies of the Gulf less than its value against the dollar by up to 30% "I do not believe that this rule out anything." She added, "Kuwait has always been more flexible than others. UAE steps were not forcibly interrupted investors. " Yet most analysts in a survey conducted by Reuters last month that it is not possible to meet the deadline established in 2010 the market was looking forward to a meeting today in Medina in search of any sign of progress that might reduce the pressure on the dollar linked currencies. The talks will be held on Tuesday, only assurances that Kuwait, Qatar, United Arab Emirates, Saudi Arabia, Bahrain will need to make an extraordinary effort to put up a unified currency in the largest oil exporters in the world. The governor said SAMA Hamad Saud AL Sayary reporters that Oman sixth member of the Gulf Cooperation Council is still not yet ready to join. The Amman Declaration last year, they would not be able to to meet the deadline had raised speculation in the exchange markets. He said AL Sayary that everyone agreed on the importance of achieving monetary union.
He added that the timetable seems to be very ambitious and the time period may be narrow but of the council had not yet decided to put up any adjustments in the schedule at the present time. He was scheduled to hold talks central bank governors on Tuesday and Wednesday, according to the meeting. But officials with the Saudi Arabian Monetary Agency (central bank) said on Tuesday that the governors of the central banks in the Gulf, decided to cancel the second day of talks.The official said "issues that were supposed to be discussed in the original program was completed all day." An official of the Gulf Cooperation Council, the rulers of the Gulf states mandated the six governors of the central banks of the agreement on the final draft of the monetary unit.Usually, the decisions will need the approval of the summit of the leaders of the Council. The source said that the Board of Governors of the central banks of the six countries did not push little progress on the standards monetary unit as Qatar did not agree on how to measure after the target level of inflation. The inflation rate not more than two% from the average in the six countries is the most acceptable criterion for monetary unit, which is along the lines of the European monetary unit.
The most preferred measure of general inflation but Qatar wants measuring core inflation, which excluded the impact of rents rose last year, pushing the annual inflation rate to 11.83%."The source said, "Qatar did not change her mind."
She Kuwait and the UAE as well as concern about inflation with the dollar to drop about ten% against the euro last year, pushing the price of some Gulf imports to rise. The point of agreement only mission so far appear to relate to the policy rate. AL Sayary He said that it was agreed to retain the current rate policies. It also ignored the currencies of the Gulf significantly from these statements. He said Simon Williams economic HP. S. Bi. CNN in Dubai, "announced so far is close to market expectations." Saudi riyal and the highest level in two weeks at $ 3.7485 riyals to the early meeting and then fell to 3.7501 riyals. UAE dirham and the decline bottomed out in the week, recording an ounce to $ 3.6720. .The Kuwaiti dinar fell to 0.28909 dinars to the dollar a slight increase from the lowest level in three months, which was recorded last week, when the bank threatened to take action against speculators who are betting on an increase in the value of the currency. His statements followed reduce the price of the purchase on Sunday, and reduce the intervention price on Monday and reduce the interest rate on bonds of today, Tuesday, to 5.5% from 6.75%, all steps aimed at reducing the attractiveness of assets denominated in dinars. The UAE Central Bank showed the extent of the difficulty of maintaining such political Badolh today on reduced by five basis points announced yesterday, Monday, on the usefulness of certificates of deposit. He said Gias Joknt of the National Bank of Dubai, the United Arab Emirates that step was less than that make a difference and that most Gulf central banks had no room for maneuver without deviation from the policy which follows in the footsteps of the European policies of the Reserve Bank (Central Bank American

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Originally Posted by dinartank

Thought I would bring this up for discussion...Is there any way that they can reprint the dinar after a time period of 5 yrs. Can they do it now if they choose to. Dont think that they will..but you cant count it totaly out as the iraqis dont make sense to me anyhow. I remember hearing something that de la rue has some rule that if you use their currency printed by them you have to wait 5 years before you are allowed to change it. Is this 5 yr rule some made up garbage or is it true..I dont have a link or anything just remember hearing about it. SGS maybe you can shed some light on this.. 2008 would mark 5 yrs... tank

Why would De La Rue have a dumb rule like that? They are in the money printing business...the more they print the more money they make!! LOL

BAGHDAD - Six bombs exploded in predominantly Shiite Muslim sections of the capital Sunday, killing at least 45 people in a renewal of sectarian carnage that set back the U.S. push to pacify Baghdad.

Beleaguered Prime Minister Nouri al-Maliki suffered another blow later in the day when two officials close to the radical Shiite cleric Muqtada al-Sadr said his followers would quit their Cabinet posts Monday, raising a threat that the government could collapse.

North of Baghdad, two British helicopters crashed after an apparent mid-air collision, killing two service members, U.K. officials said.

The U.S. military announced three U.S. deaths — two soldiers and a Marine killed in separate incidents.

And in the holy Shiite city of Karbala, health officials raised the toll from a bombing Saturday close to one of the sect's most sacred shrines, saying 47 people were killed and 224 wounded.

Twin car bombs exploded minutes apart in the busy market of Baghdad's Shurta Rabia neighborhood, a mostly Shiite area in the city's west. The first blast went off at midmorning in front of a kebab restaurant. Five minutes later, another car exploded nearby as rescuers were evacuating victims. Many women and children were among the casualties, police said.

Shortly after noon, a suicide bomber blew himself up on a minibus near a courthouse in the mainly Shiite northwest Baghdad neighborhood of al-Utafiyah, killing at least eight people and wounding 11, officials said.

Many of the victims were severely burned, an official at the Khazimiyah Hospital said.

About three hours later, a minibus rigged with explosives detonated on a busy street of electronics shops in the predominantly Shiite central Karradah district, killing 11 people and wounding 15, authorities said.

The owner of a glass shop said he saw a suspect park the bus at the roadside and leave.

"It was an ordinary thing because usually bus drivers stop there waiting for passengers, so we didn't suspect anything," said the witness, who gave only his nickname, Abu Jassim.

"Five minutes later, the bus blew up — damaging the surrounded area and burning more than eight civilian cars that were passing by," he said.

In the same district after nightfall, two roadside bombs exploded within five minutes of each other, killing at least eight civilians and wounding 23, police said.

Six shops and several cars parked nearby were damaged by the blasts, which occurred about 20 yards apart, police said.

Two officials in al-Sadr's organization said the cleric had ordered his supporters on al-Maliki's Cabinet to withdraw as a protest over arrests of leaders in his Shiite militia and the prime minister's failure to back a timetable for U.S. withdrawal.

The six ministers will officially resign Monday, said Saleh al-Aujaili and Hassan al-Rubaie, both members of al-Sadr's bloc in parliament. They said al-Sadr's 30 legislators would remain in parliament.
Losing the six Sadrist ministers would further sap al-Maliki's already weak government, possibly causing it to collapse. The threat comes two months into a U.S. military campaign intended to pacify Baghdad and bolster the government. Leaders of al-Sadr's militia have been arrested in the crackdown.

The two British helicopters crashed after an apparent collision 12 miles north of Baghdad, killing two British personnel. Four others were injured in the crash, one very seriously.

The United Kingdom's defense secretary, Des Browne, said initial reports suggested the crash was an accident.

"Sadly, two personnel have died and one is very seriously injured. All of these were U.K. personnel. My thoughts and sympathy are with them and their families," Browne said, adding that the next of kin had been informed.

British forces, headquarters in the southern city of Basra, rarely fly missions north of Baghdad, where the helicopters crashed.

"I can't talk about the particular mission they were involved in, but we do have units operating as part of the coalition across Iraq," a British defense ministry official said on condition of anonymity, in line with government policy.

One U.S. soldier was killed by small arms fire Sunday while trying to reach an Iraqi police unit under attack near a mosque in southern Baghdad, the military said in a statement. One civilian was wounded in the incident.

Another soldier died Saturday when a roadside bomb exploded during a foot patrol south of Baghdad, the military said. A Marine died the same day in combat in Anbar province.

Meanwhile, dozens of Iraqi policemen demonstrated in front of their Baghdad station Sunday, accusing U.S. forces of treating them like "animals" and "slaves."

The protest took place at Rashad station in Baghdad's eastern neighborhood of Mashtal.

Officers chanted "No, no to America! Get out occupiers!" while U.S. troops in two Humvees and a Bradley fighting vehicle watched from a distance.

Originally Posted by dinartank

Thought I would bring this up for discussion...Is there any way that they can reprint the dinar after a time period of 5 yrs. Can they do it now if they choose to. Dont think that they will..but you cant count it totaly out as the iraqis dont make sense to me anyhow. I remember hearing something that de la rue has some rule that if you use their currency printed by them you have to wait 5 years before you are allowed to change it. Is this 5 yr rule some made up garbage or is it true..I dont have a link or anything just remember hearing about it. SGS maybe you can shed some light on this.. 2008 would mark 5 yrs... tank

this was a statement on the original order i believe (and can be researched in history on the dark side as i know the article is there) that they werent allowed to reprint the currency for 5 years. hence why the lop theory was hogwash. and did you notice the note i put out about the second printing delarue made for iraq? it was a second order late the same year they originally ordered the currency as seen on the financials at the cbi. we believe this to be the smaller denominations which they knew back then they would be needing which shows you that the 1:1 theory is very much alive and possible and was in '05.

i havent found it at the other place so i suspect it was posted at either worldchangers or atlas shrugged. im sure rvalreadydang remembers it.

In Iraq, a parliament in disarray
The response to last week's bomb attack underscored that the 275-member body is stymied by partisan divides that undermine hopes for political progress.
By Sam Dagher | Correspondent of The Christian Science Monitor

BAGHDAD
The stunning breach in security at Baghdad's heavily guarded Green Zone last week killed one Sunni lawmaker and, in the aftermath, revealed an increasingly disoriented and dysfunctional Iraqi government.

Lawmakers met the day after a suicide bomber blew himself up in the cafeteria at the parliament building. Their meeting was intended to be an opportunity for solidarity and an act of defiance in the face of the threat to their institution and their personal safety.

But, rather, Friday's session, and the political finger-pointing over the weekend, painted a picture of disarray.

Many analysts say that Thursday's attack will only serve to further isolate the 275-member parliament from the people who elected it in December 2005. Already, the government is seen by many here to be too mired in sectarian bickering and personal animosities to operate as a functioning government.

"A lot of Iraqis now are biting their fingers in regret because they voted these people in. Most [parliamentarians] have no real base of support and command little respect," says an Iraqi analyst who has been following the workings of parliament since its inception.

He says the institution has rendered itself irrelevant largely due to the "incompetence and inexperience" of its members.

While Iraqis have indeed expressed disappointment with the progress being seen inside government, the lack of significant headway is also frustrating American efforts. The US plan to secure Baghdad, and the success of President Bush's new strategy in Iraq, have been tied to political "benchmarks."

In January, when Mr. Bush announced the new plan in Iraq, he said that the US would hold the government "to the benchmarks that it has announced." Those include: passing legislation to share oil revenues, spending $10 billion on reconstruction, planning for provincial elections, and reforming de-Baathification laws.

The government has made little visible progress on any of those benchmarks.

It did, however, meet earlier this month in a session closed to the media to discuss a bill that would grant the speaker of parliament a salary equivalent to that of Iraq's president. News of such meetings only adds to the common Iraqi sentiment that its parliament is completely disconnected from reality outside the Green Zone.

Already, says the Iraqi analyst, members of parliament (MPs) are paid between $10,000 to $15,000 a month, receive a generous allowance for any trip they make outside Iraq, as well as other perks and benefits such as fuel to operate their generators and an allowance for personal security. He says many of them have amassed personal fortunes and have bought homes and started businesses in Arab and European capitals.

In comparison, an average Iraqi who may have served the state for 30 years struggles to make ends meet on a pension of $100 to $200 a month, he says.

The analyst says the problems of the Iraqi parliament can be traced to the fact that the dominant blocs were only able to win by appealing to voters' sectarian and ethnic affiliations.

The heated exchanges at the meeting Friday illustrated the sectarian divide in parliament.

Mustafa al-Hiti of the National Dialogue Front (NDF), the Sunni bloc to which the killed parliamentarian Mohammed Awadh belonged, spoke about a "conspiracy" by other government organs to weaken parliament and target Sunni lawmakers. Hassan al-Shimmari of the Shiite Fadhila Islamic party, which recently broke ranks with the dominant Shiite United Iraqi Alliance (UIA) bloc, demanded better security for the building and "more respect" for MPs.

Nassar Al-Rubaie from the group loyal to radical Shiite cleric Moqtada al-Sadr berated his colleagues for not having the courage "to hold the US occupation forces responsible for the attack," since they were chiefly in charge of the Green Zone's security.

The Sadrists, who are part of the UIA bloc, had just returned to parliament in February following a two-month boycott that had left the institution in virtual limbo.

Sheikh Jalaleddin al-Saghir, a Shiite cleric and lawmaker from the UIA who was reached by telephone Friday night, says the attack should be "a wake-up call" to Sunni Arab politicians that they are as much of a target of Al Qaeda and other Sunni extremists groups as the Shiites.

Sheikh Saghir, who was feet from the blast and survived unscathed, says he was sure that one of the bodyguards of a Sunni MP carried out the attack, while the vest and explosives were smuggled in by employees of the catering company that ran the cafeteria.

"I had a bad feeling when we switched the caterer from someone we trusted to another that employed people that came from a milieu dominated by Al Qaeda," says Saghir, insinuating that most of the employees of the new caterer were Sunnis.

Sunni MP Saleh al-Mutlaq, who heads the NDF, said from Amman that the only solution to solving the government's problems is to start with new elections without the interference of religious parties.

But Zaki Chehab, political editor at the London-based Al-Hayat newspaper, says that this would be a recipe for another cycle of bloodshed.

"There is a huge gap now between the MPs and their constituencies. The problem is that the Americans have no plan 'B' and must rely on these people to make it happen," he says.

The next elections are scheduled for January 2009.

Amir Taheri, another London-based analyst and journalist, says MPs should display a greater sense of urgency but that "they have done a good job so far, considering the circumstances."

"It's a good sign to see Iraqis complain about their MPs. That's what happens in a democracy," he says.

Saghir says the problem is that most Iraqis "do not understand how parliaments work and are not used to debate and direct confrontation."

Now, parliamentarian Thafer al-Ani told his colleagues on Friday, "We need courageous decisions in which compromises are made not for each other, but for Iraq. People have to feel we represent them."

And one lawmaker, Nada Abdullah al-Jubouri, who was rushed to a US military-run hospital inside the Green Zone after Thursday's attack, had this to say: "It's about time for all of us as representatives of the people to think for one moment of the Iraqi people who are wounded and killed and who have no access to the medical care we received at the Ibn Sina hospital at the hands of US doctors."

I am In this for the long haul, no matter how long the haul May be. We all have weathered the UPs, and Downs I thought last year we would have an RV before the end of '06. but I was wrong then and wanted to use my dinar for a colorful wall paper. I am glad I didn't LOL HANG ON till the Rollercoaster has Come to its final stop. You will Not regret the Ride.