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

Originally Posted by ordinaryseawoman

Greetings from the road!! My sweet husband and I were talking about this the other day and he asked a really good question:

What are they doing with all this oil they are pumping? The FIL and the HCL are not enacted, so where is all this oil going at 1470 dinars to the dollar?? 2.86 MILLION BARRELS A DAY??? Are they putting it in storage facilities? I know they have deals with their neighbors, Iran, Jordan and Turkey, to name a few...but that seems like a lot of oil to be giving away for pennies on the dollar, and pumping at higher and higher volumes won't be a truly great thing until AFTER the reval.

Any thoughts on this from the Brain Trust??

Our deadline of November 13 lurks ever nearer... I sure hope we get some good news before we have to put our stinky old uniforms back on!!!!

I believe that all oil sales are in US$, or maybe Euros, rather than the IQD . . . anyone know for sure ?? . . .

Originally Posted by RollsRoyce

I believe that all oil sales are in US$, or maybe Euros, rather than the IQD . . . anyone know for sure ?? . . .

with all the news I read it's says US dollar. Near read one yet that says Euros. Hope this helps.

RV for ME - TOMORROW

Originally Posted by stockjedi

Very good point I agree. I wonder if anyone knows someone who made tons of cash when the Kuwait currency went briefly to $0.10? I'm wondering how they announced the RV when things got better back then. Since the Internet wasn't widespread like it is now, it must have been very difficult to obtain information.

Stockjedi,i have a friend at work that told us he personally had a friend who had the kuwait money,held on too it for 8 years and then wammie,instant millionair.He bought a trucking company in arkansas,and lives very high and mighty!Don't know how much he had or anything,but whatever he had it made him very wealthy!!

Originally Posted by shotgunsusie

sounds about right. just because everyone you know knows about it doesnt mean anyone else out there does.

I actually only told a few people that I knew would at least be able to have an educated handle on this.

The only reason that I think it may be more is that you have a number of overseas investors especially in that region that also have their hands in a major stake.

In the US though maybe only about 40-70k..JMHO

A heck of a lot of good news though pointing in a very positive direction.

All of the major pieces have been either instituted, drafted, enacted and/or drawn up.

I don't think that I really need to go through the MANY programs that are moving forward.

This has got to be ready to hit in very foreseeable future.

Especially with all of the news coming from the 27 countries that are almost ready to make the 100B contribution to the birth of one of the wealthiest, most influencial countries the new world has seen.

Lets get it going!!!!!!

Originally Posted by RollsRoyce

I believe that all oil sales are in US$, or maybe Euros, rather than the IQD . . . anyone know for sure ?? . . .

Oil sales are in USD.

OSOK

Originally Posted by snottynose

Stockjedi,i have a friend at work that told us he personally had a friend who had the kuwait money,held on too it for 8 years and then wammie,instant millionair.He bought a trucking company in arkansas,and lives very high and mighty!Don't know how much he had or anything,but whatever he had it made him very wealthy!!

Where in Arkansas? I am sure I can confirm.

OSOK

I have had 100,000 in 50 dinar notes for about 3 months now. My son-in-law has about 300,000 in 50's.
Blessings On YOU! AL

Originally Posted by OneShotOneKill

Where in Arkansas? I am sure I can confirm.

OSOK

He bought one out of vanburen,ar.

Originally Posted by orrkallen

I have had 100,000 in 50 dinar notes for about 3 months now. My son-in-law has about 300,000 in 50's.
Blessings On YOU! AL

Wow orrkallen,
That's a boatload. Hopefully will be a big stack of green dollars.
LIT

Iraqis spar over order to lift US checkpoints - 02 Nov 2006 - World News





Iraqis spar over order to lift US checkpoints

4.00pm Thursday November 2, 2006
By Mussab Al-Khairalla

BAGHDAD - Shi'ite and Sunni leaders have disagreed over a government order lifting US checkpoints around a Baghdad militia stronghold as figures showed more than 40 Iraqi civilians died on average each day in October.

American troops ended roadblocks around the Shi'ite slum district of Sadr City after Prime Minister Nuri al-Maliki ordered them out. The move followed public friction with Washington before elections in which President George W. Bush's Republicans risk losing control of Congress.

Bush said he spoke with the Iraqi leader last week and "I didn't find many differences of opinion when I talked to him."

Bush said the decision to lift the roadblocks was made with Gen. George Casey, the top US commander in Iraq, in the room.

"It is to me heartening to see a leader say, 'I want more troops, I want a line of authority and responsibility.' I appreciate he is making hard decisions that he thinks are necessary to keep his country united and moving forward," Bush said of Maliki.

After the roadblocks were lifted, backers of anti-American Shi'ite cleric Moqtada al-Sadr celebrated in Sadr City, bastion of his Mehdi Army. An aide hailed the end of a "barbaric siege" begun to help find a kidnapped American soldier possibly being held by militiamen.

"I'm relieved Maliki is finally facing up to them," said Mustafa Ayyub, 22, a guard at a bank in the mixed Karrada district where checkpoints were also lifted.

Iraq's Sunni vice president condemned the move. The once-dominant Sunni minority blames sectarian death squad violence on the Mehdi Army.

"I'm afraid that by lifting the siege, the government sent the wrong message to those who stand behind terrorism in Iraq. It says the iron fist will loosen and they can move freely," said Vice President Tareq al-Hashemi.

Next Tuesday's US elections are dominated by the debate about whether to keep 150,000 US troops in Iraq as the country spirals towards all-out civil war.

The death of a soldier in the western Anbar province on Tuesday took the US death toll in October to at least 104, the highest in nearly two years and another American soldier was reported killed on Wednesday in a roadside bombing west of Baghdad.

Bush rejected demands that US Defence Secretary Donald Rumsfeld resign over Iraq and praised US Vice President Dick Cheney, another lightning rod for critics of administration policy. Asked if he expected Rumsfeld to stay on through the end of his presidency, which ends in January 2009, Bush said, "Yes, I am."

Referring to Rumsfeld and Cheney, Bush said, "Both of those men are doing fantastic jobs and I firmly support them."

He added that US commanders in Iraq had told him "the troop level they've got right now is what they can live with."

On Wednesday, 35 bodies were found dumped in Baghdad on a day when Reuters reporters recorded more than 70 violent deaths in Iraq.

Statistics issued by the Interior Ministry for Iraqis killed in political violence put civilian deaths last month at 1289 - nearly 42 a day and up from 1,089 in September, the previous record.

Bloodshed intensified in the holy month of Ramadan, which ended last week, as rival Shi'ite and Sunni Muslim communities vied for power in a cycle of sectarian reprisals.

US military commanders assessed two weeks ago that Iraq was edging towards chaos, according to a classified military chart published in The New York Times.

Casualty figures have become controversial since the United Nations put the monthly civilian toll at more than 3000 this past summer and a group of medical statisticians estimated more than 650,000 may had died since the American-led invasion of 2003.

US and Iraqi officials question the UN estimate and the statistical survey published in the medical journal The Lancet.

The Iraqi government recently tightened rules to prevent officials outside the prime minister's office from releasing civilian casualty figures.

- REUTERS