Thread: Iraq/Dinar News. 09/05 to 01/14/07

Hi guys,

Soem great recent posts on here. Yes we're all friends and have been through a lot. We're all in this to make money, am looking forward to meeting all of you.

Thanks to you to Mike for supporting me in all of tis, needed somone else to do it, :0)

Off to work, sorry have to do the pm's in about 10 hours.

Couldn't start the day without some good news guys and gals!!

Checkout the last paragraph. See you later all, have a good day.


http://news.yahoo.com/s/nm/20060521/...NlYwNzc3JlbA--



SHARM EL-SHEIK, Egypt (Reuters) - Middle East oil producers seem correctly focused on putting more oil wealth into domestic development and this poses no threat to the U.S. dollar, U.S. Treasury Secretary
John Snow said on Sunday.
ADVERTISEMENT

More than $200 billion of extra income has flowed to producers who belong to the Broader Middle East and North Africa (BMENA) initiative since oil prices began rising fast in 2003.

"It's important that these funds be used wisely and well," Snow told a news conference after meeting the group in the Red Sea resort city Sharm el-Sheik. "Talking to a number of Gulf State ministers today, I think they're intent on doing that."

The BMENA group was formed in 2004, with U.S. backing, to promote increased investment and development in the Middle East region. Most of its members are from the immediate region.

Snow rejected a suggestion that there was a risk the U.S. dollar might decline in value if more Middle East oil money was kept at home rather than sent to the United States for investment and to buy U.S. Treasury debt.

"The American capital markets are deep, liquid, resilient and I think those markets will continue to attract capital from around the world ... because of their ability to absorb large sums of savings from the world community."

Snow met the BMENA members privately at a hotel on the sidelines of a
World Economic Forum gathering where about 1,200 business people were discussing the same topic -- how to stimulate investment and jobs in the Middle East to create more opportunities for its many young people.

The Bush administration takes a special interest in BMENA, partly because the group was formed at the Sea Island, Georgia, summit of Group of Eight leaders in 2004. The United States also shares an interest in seeing jobs and prosperity increase so that terrorist groups are less likely to find the region a fertile recruiting ground.

Before Sunday's meeting, U.S. officials described it as particularly topical because high world oil prices had brought a surge of revenue into the region that could be used for good or bad purposes.

"The oil money is giving the Gulf States a real opportunity to take action in their countries that will be in the long-term interests of their people," Snows said.

"VERY PRUDENT"

He said he had the impression that they were being "very prudent, very careful and very thoughtful as they considered to what uses that surge of petrodollars can be used for."

Before the meeting, U.S. officials noted that on some past occasions, when oil prices jumped the money went into overseas bank accounts rather than being invested in social development and used to strengthen financial institutions.

The
Treasury Department said Snow wanted BMENA ministers to focus on steps to provide more credit for small- and medium-sized businesses, improve regulatory practices in their financial sectors and propose specific, country-by-country reform plans for improving investment climates.

Egyptian Finance Minister Youssef Boutros-Ghali, speaking at the same news conference as Snow, said it took time to find ways to invest the huge new sums productively.

"You can't just wake up one morning and spend $250 billion," Boutros-Ghali said, adding that so far what was being done was "wise and judicious, contrary to what happened in 1973 and 1979 when all of the windfall was squandered away, creating all sorts of problems for the economies and for the people."

The United States also wanted the meeting to show that it was "open for business" despite the row in Congress after a Dubai-based company proposed to take over some managerial operations at U.S. ports.

A huge U.S. current account deficit on trade with the rest of the world -- about one-third of it for oil imports -- gives Washington a strong interest in ensuring Middle East holders of "petrodollars" see America as a friendly place to invest them.

So far, the United States sees no sign that the flow of petrodollars into investments and purchases of U.S. Treasury debt has suffered, U.S. officials say, though they are aware there is some skepticism among Middle East nations over whether they are fully welcomed as investors in America.

Sunday's talks were attended by ministers from Russia, Britain, Japan and the United States as well as Middle Eastern and North African nations, and by officials from Germany, France, Canada and bodies such as the IMF and the
World Bank.

Snow, replying to a question about
Iran, said it was important that Iran not acquire nuclear weapons and suggested that "others should consider diplomatic and financial actions they have at their disposal to bring Iran peacefully back into the community of world nations."

Snow arrived in Egypt on Saturday, and before he returns to Washington on Tuesday he is expected to meet Iraqi government officials to discuss efforts to rebuild its war-ravaged economy.

Originally Posted by Adster

Couldn't start the day without some good news guys and gals!!

Checkout the last paragraph. See you later all, have a good day.


http://news.yahoo.com/s/nm/20060521/...NlYwNzc3JlbA--



SHARM EL-SHEIK, Egypt (Reuters) - Middle East oil producers seem correctly focused on putting more oil wealth into domestic development and this poses no threat to the U.S. dollar, U.S. Treasury Secretary
John Snow said on Sunday.
ADVERTISEMENT

More than $200 billion of extra income has flowed to producers who belong to the Broader Middle East and North Africa (BMENA) initiative since oil prices began rising fast in 2003.

"It's important that these funds be used wisely and well," Snow told a news conference after meeting the group in the Red Sea resort city Sharm el-Sheik. "Talking to a number of Gulf State ministers today, I think they're intent on doing that."

The BMENA group was formed in 2004, with U.S. backing, to promote increased investment and development in the Middle East region. Most of its members are from the immediate region.

Snow rejected a suggestion that there was a risk the U.S. dollar might decline in value if more Middle East oil money was kept at home rather than sent to the United States for investment and to buy U.S. Treasury debt.

"The American capital markets are deep, liquid, resilient and I think those markets will continue to attract capital from around the world ... because of their ability to absorb large sums of savings from the world community."

Snow met the BMENA members privately at a hotel on the sidelines of a
World Economic Forum gathering where about 1,200 business people were discussing the same topic -- how to stimulate investment and jobs in the Middle East to create more opportunities for its many young people.

The Bush administration takes a special interest in BMENA, partly because the group was formed at the Sea Island, Georgia, summit of Group of Eight leaders in 2004. The United States also shares an interest in seeing jobs and prosperity increase so that terrorist groups are less likely to find the region a fertile recruiting ground.

Before Sunday's meeting, U.S. officials described it as particularly topical because high world oil prices had brought a surge of revenue into the region that could be used for good or bad purposes.

"The oil money is giving the Gulf States a real opportunity to take action in their countries that will be in the long-term interests of their people," Snows said.

"VERY PRUDENT"

He said he had the impression that they were being "very prudent, very careful and very thoughtful as they considered to what uses that surge of petrodollars can be used for."

Before the meeting, U.S. officials noted that on some past occasions, when oil prices jumped the money went into overseas bank accounts rather than being invested in social development and used to strengthen financial institutions.

The
Treasury Department said Snow wanted BMENA ministers to focus on steps to provide more credit for small- and medium-sized businesses, improve regulatory practices in their financial sectors and propose specific, country-by-country reform plans for improving investment climates.

Egyptian Finance Minister Youssef Boutros-Ghali, speaking at the same news conference as Snow, said it took time to find ways to invest the huge new sums productively.

"You can't just wake up one morning and spend $250 billion," Boutros-Ghali said, adding that so far what was being done was "wise and judicious, contrary to what happened in 1973 and 1979 when all of the windfall was squandered away, creating all sorts of problems for the economies and for the people."

The United States also wanted the meeting to show that it was "open for business" despite the row in Congress after a Dubai-based company proposed to take over some managerial operations at U.S. ports.

A huge U.S. current account deficit on trade with the rest of the world -- about one-third of it for oil imports -- gives Washington a strong interest in ensuring Middle East holders of "petrodollars" see America as a friendly place to invest them.

So far, the United States sees no sign that the flow of petrodollars into investments and purchases of U.S. Treasury debt has suffered, U.S. officials say, though they are aware there is some skepticism among Middle East nations over whether they are fully welcomed as investors in America.

Sunday's talks were attended by ministers from Russia, Britain, Japan and the United States as well as Middle Eastern and North African nations, and by officials from Germany, France, Canada and bodies such as the IMF and the
World Bank.

Snow, replying to a question about
Iran, said it was important that Iran not acquire nuclear weapons and suggested that "others should consider diplomatic and financial actions they have at their disposal to bring Iran peacefully back into the community of world nations."

Snow arrived in Egypt on Saturday, and before he returns to Washington on Tuesday he is expected to meet Iraqi government officials to discuss efforts to rebuild its war-ravaged economy.

Not long now!

very good news adster.....hope it keeps rolling along as it is.....all are good signs i think of a peg real soon...hopefully at a good price.....always good to hear u and mike's updates and input....GO DINARS....Pat

Originally Posted by haydenh

Hi Guys,

hope everyone is well. Been reading your posts for months now but i think this is my first post here. I was about to order some more into australia, but the last lot that i ordered took about 3 weeks. Now if it pegs in that time the value of the $ in the envelope becomes very valuable, and also above the limit that you are allowed to send via post. What the hell can you do if something was worth under $10k when it was posted, but worth $1M during transit??? As long as the dealers are disclosing the contentes properly then we can argue claim ignorance, but if you get caught they could potentially still ask for the tax straight away!

Also is it never makes it will the insurance pay out what the package cost, or the actual value of what was in there if it is lost in transit after the peg occurs???

Adster, i sent you a PM can you please let me know if your contact is still the same one i bought from last time.

Cheers and good luck all!

Interesting,

This is an issue at this critical time, and as you know, you can only insure postage or carrier up to certain limits, which has to be disclosed at time you mail it, so what happens to value while in transit is not going to get covered, only the amount you originally insured. Most dealers are only insuring the minimum and if you order, they have the right to refund you instead of deliver, so BEWARE, it is down to the wire.

Good luck to all, Mike

Hi Adster
It looks like your PM box is full
Could you please clear some of your old messages
Thank you
spirit

Originally Posted by Offshore-Wealth.com

Interesting,

This is an issue at this critical time, and as you know, you can only insure postage or carrier up to certain limits, which has to be disclosed at time you mail it, so what happens to value while in transit is not going to get covered, only the amount you originally insured. Most dealers are only insuring the minimum and if you order, they have the right to refund you instead of deliver, so BEWARE, it is down to the wire.

Good luck to all, Mike

I'm hoping my last order gets here before the peg. It should have shipped on Monday so I am keeping my fingers crossed.

BEWARE it's down to the wire....YIPPEEEEEE!!!!

I swear I'm gonna have an ulcer before this is over! But it will be SOOOO worth it!

My last order should be here today or tomorrow...was shipped yesterday morning.

I just wanted to thank you guys for letting me share my thoughts (nutty sometimes) here and to thank you for being so great! That includes Adam, Mike, and EVERYONE else that I talk and play with here. I actually got teary eyed reading Mike's (OS-W's) post last night to everyone! Silly? Perhaps. Glad I got on this ride? DEFINATELY!!!

Should be a fun next-couple-weeks folks!
Tiff

mike and adam are two great guys ..i tell u...glad i met them in here...guess in a round about way i must thank pips mis fortune.....or i might not have met them and gotten this golden opportunity.....the peg won't be long now...or so it seems...IMHO....GO DINARS....Pat

Cheers all, nice compliments indeed.

Anyways, another crap day at the day job, hate it, absolutely hate it! gotta be soon, pllleeaassseeeeeeeeeeeeeeeeeeeee!

12 messages to reply to, will then have a scout round for info. ;0)