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

No worries Pat, read this my friend. Checkout the global economy part!!! Excellent.


Working Iraq economy also key to withdrawal: Congressman Roy Blunt
[10:40 , 10 Jun 2006]

"Now that we've got a permanent government, they've got to move from a collectivist economy to a privatized and competitive economy, a global economy," said Blunt.

http://www.peyamner.com/article.php...14&lang=english


Working Iraq economy also key to withdrawal: Congressman Roy Blunt
[10:40 , 10 Jun 2006]
News-Leader
By Jenny Fillmer


Speaking by phone from one of Saddam Hussein's former palaces in Baghdad Wednesday, U.S. Congressman Roy Blunt said a functioning Iraqi government and "an economy that works," are the keys to bringing American troops home from Iraq.

But he warned against abandoning the fledgling democracy before stability is brought to the region.

Blunt, R-Springfield, is in Iraq this week, checking on the country's newly formed democratic government and visiting with American troops from Missouri and Kansas.

His visit comes during a cycle of bad news from Iraq, as the Pentagon investigates the Marine Corps' involvement in 24 civilian killings in Haditha, and the Iraqi prime minister declares a state of emergency in the city of Basra.

"What needs to happen here is the Iraqis need to take responsibility for their own future," Blunt said.

"Once they've done that, there's no reason for us to be here. And establishing the first permanent elected government is a huge step in the right direction."

Pulling out now, Blunt said, would plunge the country into chaos. "While (American) enthusiasm and support for the policy in Iraq is clearly waning, people understand we have made a commitment here, and the most dangerous thing would be just to walk away from it," he said.

Blunt is traveling with a congressional delegation including fellow Missouri Republican Rep. Sam Graves; Sen. George Allen, R-Va.; House Minority Whip Steny Hoyer, D-Md.; Rep. James Clyburn, D-S.C.; and Rep. Rodney Frelinghuysen, R-N.J.

Earlier in the week, the legislators stopped in Turkey to discuss issues related to the northern Iraqi border.

Wednesday, the delegation met with its newly named Iraqi counterpart in Baghdad. And Tuesday, the delegation became the first to visit with government leaders of the Iraqi city of Arbil, the capital of northern Iraq's Kurdistan region.

The Kurds are "much more stable and aggressively pro-American, and they have a dozen-year head start on the rest of the country," Blunt said. "The no-fly zone gave them a level of autonomy that really, really allowed them to get a head start on self government."

Though Iraq held elections last year, it's taken months to seat the country's first permanent government. Blunt said the delay was due to bickering among factions for top seats.

"I was disappointed that it took so long," he said. "Nobody was willing to give in."
The government has now been in place two weeks — long enough Blunt said, to begin moving past political procedures and get down to the business of rebuilding Iraq.

"Now that we've got a permanent government, they've got to move from a collectivist economy to a privatized and competitive economy, a global economy," said Blunt.

"All those things the Poles had to learn and the Baltic countries had to learn, this county now has to learn."

Blunt planned to meet with troops from Missouri and Kansas in Baghdad today before the delegation travels to Kuwait. It will then go on to to Pakistan and Afghanistan before returning to the states later this week.

Officials with Blunt's office said the trip was considered official business, funded by taxpayers through the Department of Defense.

Note: The views expresses in this article are those of the author and do not necessarily represent the views of the Kurdistan Regional Government.

Checkout the global economy part!!! Excellent.


Working Iraq economy also key to withdrawal: Congressman Roy Blunt
[10:40 , 10 Jun 2006]

"Now that we've got a permanent government, they've got to move from a collectivist economy to a privatized and competitive economy, a global economy," said Blunt.

http://www.peyamner.com/article.php...14&lang=english


Working Iraq economy also key to withdrawal: Congressman Roy Blunt
[10:40 , 10 Jun 2006]
News-Leader
By Jenny Fillmer


Speaking by phone from one of Saddam Hussein's former palaces in Baghdad Wednesday, U.S. Congressman Roy Blunt said a functioning Iraqi government and "an economy that works," are the keys to bringing American troops home from Iraq.

But he warned against abandoning the fledgling democracy before stability is brought to the region.

Blunt, R-Springfield, is in Iraq this week, checking on the country's newly formed democratic government and visiting with American troops from Missouri and Kansas.

His visit comes during a cycle of bad news from Iraq, as the Pentagon investigates the Marine Corps' involvement in 24 civilian killings in Haditha, and the Iraqi prime minister declares a state of emergency in the city of Basra.

"What needs to happen here is the Iraqis need to take responsibility for their own future," Blunt said.

"Once they've done that, there's no reason for us to be here. And establishing the first permanent elected government is a huge step in the right direction."

Pulling out now, Blunt said, would plunge the country into chaos. "While (American) enthusiasm and support for the policy in Iraq is clearly waning, people understand we have made a commitment here, and the most dangerous thing would be just to walk away from it," he said.

Blunt is traveling with a congressional delegation including fellow Missouri Republican Rep. Sam Graves; Sen. George Allen, R-Va.; House Minority Whip Steny Hoyer, D-Md.; Rep. James Clyburn, D-S.C.; and Rep. Rodney Frelinghuysen, R-N.J.

Earlier in the week, the legislators stopped in Turkey to discuss issues related to the northern Iraqi border.

Wednesday, the delegation met with its newly named Iraqi counterpart in Baghdad. And Tuesday, the delegation became the first to visit with government leaders of the Iraqi city of Arbil, the capital of northern Iraq's Kurdistan region.

The Kurds are "much more stable and aggressively pro-American, and they have a dozen-year head start on the rest of the country," Blunt said. "The no-fly zone gave them a level of autonomy that really, really allowed them to get a head start on self government."

Though Iraq held elections last year, it's taken months to seat the country's first permanent government. Blunt said the delay was due to bickering among factions for top seats.

"I was disappointed that it took so long," he said. "Nobody was willing to give in."
The government has now been in place two weeks — long enough Blunt said, to begin moving past political procedures and get down to the business of rebuilding Iraq.

"Now that we've got a permanent government, they've got to move from a collectivist economy to a privatized and competitive economy, a global economy," said Blunt.

"All those things the Poles had to learn and the Baltic countries had to learn, this county now has to learn."

Blunt planned to meet with troops from Missouri and Kansas in Baghdad today before the delegation travels to Kuwait. It will then go on to to Pakistan and Afghanistan before returning to the states later this week.

Officials with Blunt's office said the trip was considered official business, funded by taxpayers through the Department of Defense.

Note: The views expresses in this article are those of the author and do not necessarily represent the views of the Kurdistan Regional Government.

Good news is I'm hearing the investment laws have been passed and will be announced early next week. Not so good news, the r/v rate has been set at .0685 and will happen very soon, sorry no date. 2 zeros will be lopped so basically, a million dinar will be worth $68.5K.

Take it for what it is, just what I'm hearing. Not as much as we wanted but hey a good return and as it will be on a float it will very easily rise in time. At this rate I'd cash in a couple of million and sit on the rest.

We'll see if this info is correct firstly to see if the announcement of the laws comes next week.

Originally Posted by Adster

Good news is I'm hearing the investment laws have been passed and will be announced early next week. Not so good news, the r/v rate has been set at .0685 and will happen very soon, sorry no date. 2 zeros will be lopped so basically, a million dinar will be worth $68.5K.

Take it for what it is, just what I'm hearing. Not as much as we wanted but hey a good return and as it will be on a float it will very easily rise in time. At this rate I'd cash in a couple of million and sit on the rest.

We'll see if this info is correct firstly to see if the announcement of the laws comes next week.

Doesn't make much sense to me Adam! What about the whole "reval too low, the country will be bought out" thing? Seems a bit odd for it to go that low to me...but I'm no expert!

That would be the time for me to exchange some of those pesky $25,000 notes tax free though!!

I really hope it will go higher than that, Adam.....That's definitely NOT good news ( it sucks big time, actually).... We'll see.....Yep I'm greedy.... Greed is good, as Mr. Gordon Gekko used to say.......

Originally Posted by tiffany

Doesn't make much sense to me Adam! What about the whole "reval too low, the country will be bought out" thing? Seems a bit odd for it to go that low to me...but I'm no expert!

That would be the time for me to exchange some of those pesky $25,000 notes tax free though!!

Exactly! I'm hearing that Bush has been shafted and the original 1 to 1 reval documents we were talking about have been ripped up. The WTO weren't happy with the rate and have pressured for a low rate. It will take 1-2 years I guess to get to 1:1. Bush ain't happy but can't do much about it!

We'll see the truth on this next week, a reval by 16 June has just been mentioned.

Even at this rate it will rise and we'll be be well off. Time will tell. I take these as they are, one day one of these will come true!! I appreciate the disappointment at this rate and feel the same, but it's still one hell of a return on investment and would still give the option of cashing in a small amount and waiting for the rest to go up. Don't be too downbeat.

hey fran sending you a PM. BOB

I know it is a big let down, especially after trying to get our minds around the amazing possibility of $3.22, but to me the most positive aspect of this bad news is that it seems a much more reasonable possibility.

Thanks so much Adam for keeping us all up to date even when it is news you know a lot won't like to hear... now back to some work with spreadsheets.. lol

hmm. if it start this low.. i will have to wait till it works up to 80 cents before i can retire.. oh well.. still a blessing.

this is a big let down , But we will still make a gain here Just not quite what we all wanted.

Originally Posted by Adster

Exactly! I'm hearing that Bush has been shafted and the original 1 to 1 reval documents we were talking about have been ripped up. The WTO weren't happy with the rate and have pressured for a low rate. It will take 1-2 years I guess to get to 1:1. Bush ain't happy but can't do much about it!

We'll see the truth on this next week, a reval by 16 June has just been mentioned.

Even at this rate it will rise and we'll be be well off. Time will tell. I take these as they are, one day one of these will come true!! I appreciate the disappointment at this rate and feel the same, but it's still one hell of a return on investment and would still give the option of cashing in a small amount and waiting for the rest to go up. Don't be too downbeat.

Nothin' downbeat here! Can't go wrong...even at .068 if you paid $750 for a million dinar...YOU WOULD BE GETTING OVER $68,000.00 for it!

PLUS...They are having those meetings/talks on Monday and Tuesday...
We'll have to see if they pull any rabbits out of their hats and suprise us!

Have you heard anything about those meetings Adster? I posted the article a few pages back earlier this morning... What do think about it?
Perhaps things COULD change as a result of the 'talks'.