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

11th/12th. This is the meeting where the IAMB will hand over all responsibility/supervision back to the CBI. Once the CBI have that, they can go ahead and revalue as they will have total control over it.


IAMB Meeting Schedule

Venue Date 1. New York December 5, 2003 2. Washington, D.C. December 22, 2003 3. Washington, D.C. February 12–13, 2004 4. Kuwait March 17–18, 2004 5. New York April 22–23, 2004 6. Washington, D.C. May 24–25, 2004 7. Paris June 21–22, 2004 8. Washington, D.C. July 14–15, 2004 9. Kuwait September 7–8, 2004 10. New York October 11–12, 2004 11. Washington, D.C. December 6–7, 2004 12. Paris April 17–18, 2005 13. Amman October 4–5, 2005 14. New York December 28–29, 2005 15. Paris January 23, 2006 16. Washington, D.C. May 30–31, 2006 17. New York July 17–18, 2006 18. Paris October 30–31, 2006 19. December 11–12, 2006

Hhhmmmm, not so good.......hope for all of us and am sure it will have revalued by then or we'll be using the dinars for toilet paper.


Democrats settle on starting pullouts in 4-6 months White House officials say timetables could weaken Iraq

11/13/2006

WASHINGTON — Democrats poised to take control of Congress said Sunday that they would press to begin a phased U.S. military withdrawal from Iraq within four to six months, part of an agenda aimed at overhauling key aspects of U.S. policy in the Middle East.
"First order of business is to change the direction of Iraq policy," said Sen. Carl Levin, D-Mich., who is in line to become chairman of the Senate Armed Services Committee next year.

Senior White House officials countered that setting timetables for U.S. troop withdrawals would weaken the Iraq government and embolden insurgents, but they acknowledged a need for fresh ideas on Iraq and expressed a willingness to negotiate with Democrats on an array of foreign-policy issues.

White House Chief of Staff Josh Bolten indicated on ABC that President Bush would block legislation that calls for a scheduled withdrawal.

"I don't think we're going to be receptive to the notion there's a fixed timetable at which we automatically pull out, because that could be a true disaster for the Iraqi people," Bolten said.

Even so, he said the White House was "willing to talk about anything" and was prepared to adjust tactics.

The developments came as Bush and members of his national-security team prepared to meet today with a panel of foreign-policy experts who have been charged with developing new proposals for how to proceed in Iraq. The panel is headed by James Baker III, who served as secretary of State

when Bush's father was president, and Lee Hamilton, a former Democratic congressman who served as chairman of the House Foreign Affairs Committee.
The push for a phased pullout, an idea long rejected by the Bush administration, appears to be gaining momentum. Senior military officials recently have voiced increasing concern that the security benefits of keeping large numbers of troops in Iraq are outweighed by significant downsides of the heavy U.S. presence. Among them are a perceived reluctance of Iraqis to take the lead in stemming violence as long as U.S. forces are there.

"We have to tell the Iraqis that the open-ended commitment is over and that we're going to begin to have a phased withdrawal in four to six months," said Levin, who appeared on ABC's "This Week."

Levin was joined in his call for a phased pullout by Sen. Joseph Biden Jr., D-Del., who is in line to become chairman of the Senate Foreign Relations Committee.

Sen. Harry Reid of Nevada, the Democratic leader in the Senate, told NBC's "Meet the Press" that decisions on draw-downs should rest with U.S. military officers in Iraq.

Still, Reid said that "we need to redeploy" and that a withdrawal should start within several months.

Iraq was a key factor in Republican losses in last week's election, with nearly 6 in 10 voters participating in exit polls saying they disapproved of the war and a majority calling for a withdrawal of some or all U.S. troops.

Even so, it's unclear how far GOP lawmakers will go to challenge the White House and back calls for a draw-down. Sen. John McCain, R-Ariz., said Sunday that he believed the United States needed to send more troops to Iraq to curb sectarian violence and reduce the influence of heavily armed Shiite militias.

"I believe that there are a lot of things that we can do to salvage this, but they all require the presence of additional troops," he said on "Meet the Press."

"The question, then, before the American people is: 'Are we ready to quit?' And I believe the consequences of failure are chaos in the region which will spread."

Members of both parties said they expect the Baker-Hamilton commission to recommend that the U.S. hold a conference with representatives from Iraq's Middle East neighbors to seek cooperation in pacifying the country and creating a stable government.

Biden told ABC that Iran and Syria should be included in such a conference, because of their influence in the region. Baker recently met with an Iranian envoy at the United Nations to discuss the prospects for cooperation.

A proposal that calls for joint meetings with Syria and Iran would pose diplomatic problems for the Bush administration, which has labeled Iran as part of an "axis of evil" and has been reluctant to engage either country.

Bolten stopped short of rejecting such a conference but made it clear that the White House didn't believe dialogue with Iran and Syria would improve matters.

"I don't think there's been a communications problem; there's been a cooperation problem," he said. "Iran and Syria have been meddling in Iraq in a very unhelpful way."

Inside Bay Area - Democrats settle on starting pullouts in 4-6 months

Adster I will contact the branch near me when they open will post findings

Originally Posted by MrsCK

Adster I will contact the branch near me when they open will post findings

Thanks a lot Mrs.

Originally Posted by worf

I am confused here. When they say the amount sold at auction is 110,265,000 who are they selling it to? If they are selling it, how does that take it out of circulation? It would seem to me if they were buying it, they could then take it out of circulation. It seems the terminology is backwards. Can anyone explain this to me?

worf

CBI are selling US$ and get IQD in return. That way can they take the dinars out of circulation.

Somebody stop me if I am wrong.

Originally Posted by owejac

CBI are selling US$ and get IQD in return. That way can they take the dinars out of circulation.

Somebody stop me if I am wrong.

Yup, buying it at a shiite rate, saves paying out to all of us when it revals.

whats going on ? I can't understand this. can someone give me a Laymens explaination?

Adster is is this something GOOD for us or BAD for us?

Originally Posted by bob1940

Adster is is this something GOOD for us or BAD for us?

What Bob???

As of now, BofA still does NOT list IQD on their list of foreign currencies you can buy/sell thru them . . .could be that they havent updated yet, or StephanieF is full of her usual stuff.

If the CBI has been taking IQD outta circulation this entire time and exchanging USD to their banks, how come this has not shown any change in the value of the USD on our side . . .if memory serves me, the USD has been getting weaker over the last few months . . .just the opposite I would expect to happen here if its supply had tightened by having hundred of millions or billions taken out of action and into the banks of Iraq.

But then again, Im a carpenter and not an economist