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

Originally Posted by PaulieThaGreat

What do the doctors usually prescribe for this condition? I want to get well soon so I can enjoy the wealth with everyone?

Don't worry Paulie the reval antidote is on it's way.

Originally Posted by PaulieThaGreat

What do the doctors usually prescribe for this condition? I want to get well soon so I can enjoy the wealth with everyone?

Well since you asked, either the first option of stepping away for a day, or rereading the tons of positive news on the forum, as and added treatment of this disdorder, a walk down memory lane of about 2 years ago will help to boost the happy factor (it was pretty gloomy back then, lol) and it will help to appreciate everything that has unfolded recently. Also, the rates dropping is damn good, lol.......

Originally Posted by Adster

Must mean security. But you're right, offload Maliki, get in someone with a butthole like Allawi and reval.

I don't know...I think I would have used BALLS instead of butthole to describe.....I guess it just depends on what part of the world a person is from.

I feel better now. And next time my sister or other family trash talks about it ill just say "Thats fine that you feel that way, just dont think ill be there as a grab bag when it goes through!"

Originally Posted by PaulieThaGreat

I feel better now. And next time my sister or other family trash talks about it ill just say "Thats fine that you feel that way, just dont think ill be there as a grab bag when it goes through!"

Impatience with Iraqi government grows as Bush heads toward Middle East meeting | Iraq Updates

Impatience with Iraqi government grows as Bush heads toward Middle East meeting

27 November 2006 (AP Worldstream)

Congressional leaders displayed eroding patience in the Iraqi government, adding pressure on President George W. Bush and Iraqi Prime Minister Nouri al-Maliki to find a faster path to peace when they meet this week.

"It is not too late. The United States can still extricate itself honorably from an impending disaster in Iraq," Republican Senator Chuck Hagel, a potential presidential contender in the 2008 elections, said in urging for a planned withdrawal of U.S. troops.

"If the president fails to build a bipartisan foundation for an exit strategy, America will pay a high price for this blunder _ one that we will have difficulty recovering from in the years ahead," Hagel wrote in Sunday's Washington Post.

As the U.S. involvement in Iraq surpassed the length of America's participation in World War II, lawmakers have dwindling confidence in the U.S.-supported Iraqi government. It was the deadliest week of sectarian fighting in Baghdad since the war began in March 2003.

"I think what we've got to do is go around the Maliki government in certain situations," said Republican Senator Sam Brownback, another possible presidential candidate. "Let's work with other groups, and let's get regional buy-in into this."

The Iraq Study Group, a bipartisan 10-member commission led by former Secretary of State James A. Baker III and Democratic former Congressman Lee Hamilton, is working on a set of strategies for Iraq. The New York Times reported Sunday that the commission's draft report recommends aggressive regional diplomacy, including talks with Iran and Syria.

Anonymous officials who had seen the draft report told the Times it does not specify any timetables for the withdrawal of U.S. troops from Iraq, although the commissioners are expected to debate the feasibility of such timetables.
Bush, after a NATO summit in Europe, plans to meet with al-Maliki on Wednesday and Thursday in Jordan. That summit, coupled with Vice President Dick Cheney's trip to Saudi Arabia on Saturday, is evidence of the administration's stepped-up effort to bring stability to the region.

The host of the meeting, Jordan's King Abdullah, said Sunday the problems in the Middle East go beyond the war in Iraq. He said much of the region soon could become engulfed in violence unless the central issues are addressed quickly.

The king said he was hopeful the leaders will find a way to reduce the level of violence.

"We hope there will be something dramatic. The challenges, obviously, in front of both of them are immense," he said.

Iraq's leaders promised Sunday to track down those responsible for the recent attacks, and al-Maliki urged his national unity government of Sunnis, Shiites and Kurds to curb the violence by stopping their public disputes.

The Iraqi prime minister is under pressure from Shiite politicians loyal to the radical anti-American Shiite cleric Muqtada al-Sadr who have threatened to boycott parliament and the Cabinet if al-Maliki meets with Bush.

"This is all political posturing. It's all red herring. It's an anti-threat. This is a very stable government," responded Iraq's national security adviser, Mouwafak al-Rubaie. He said he had no doubt the prime minister would meet with Bush in Jordan.

As for Bush, some of the toughest criticism is coming from within his own party.

"We have misunderstood, misread, misplanned and mismanaged our honorable intentions in Iraq with an arrogant self-delusion reminiscent of Vietnam," said Hagel, a combat veteran of that war. "Honorable intentions are not policies and plans."

Senator Richard Durbin, the No. 2 Senate Democrat, called Iraq the worst U.S. foreign policy decision since Vietnam. He said Democrats do not have a quick answer and any solution must be bipartisan.

"It is time to tell the Iraqis that unless they're willing to disband the militias and the death squads, unless they're willing to stand up and govern their country in a responsible fashion, America is not going to stay there indefinitely," Durbin said.

That theme _ pressuring al-Maliki and his government _ seemed to unify Republicans and Democrats.

"I think we're going to have to be very aggressive and specific with him," said Senator Trent Lott, the incoming No. 2 Republican leader. "And if he doesn't show real leadership, doesn't try to bring the situation under control _ if, in fact, he becomes a part of the problem _ we're going to have to make some tough decisions."

Yet Congressman Duncan Hunter, the outgoing chairman of the Armed Services Committee, said the United States will win the conflict in the long run by supporting a free government in Iraq. Before any decisions are made on reducing U.S. troop levels, he said, more U.S.-trained Iraqi battalions should be moved into the heavy-fighting areas of Baghdad.

"Saddle those guys up," Hunter said. "Move them into the fight."

Good Morning All. I can't believe I slept in so long. Anyway here is the daily update on the running total for Dinars out of circulation.

As of Auction # 15

1,061,493,975,000

Exchange rate 1439, down from 1470 when the CBI started this new policy.

Originally Posted by PaulieThaGreat

I feel better now. And next time my sister or other family trash talks about it ill just say "Thats fine that you feel that way, just dont think ill be there as a grab bag when it goes through!"

I know what you mean, I take a lot of heat also but I just say....go ahead and laugh now but I will be hysterically laughing all the way to the bank (in a day or 2).

Originally Posted by Wm.Knowles

Hello everyone. I received this question.

"As the Ministry of Finance purchases dinar from the CBI in exchange for dollars (dollars it receives from oil exports, as oil is traded in dollars), as its domestic expenditures are largely in dinars, aren't the dinars that the CBI receives in these auctions being put right back into the economy via the MoF"?

As we have seen, the CBI has removed a small amount of dinar in todays auction from a small number of banks. The exchange rate has dropped slightly. This continues to support our position that the dinar is drying up and we are at the end of a process where large amounts of dinar are available to be removed. We are looking for what we don't see, not from what we do. We do not see a large number of banks in the auction. We are not seeing a large aount of dinar being transacted. Just like we stated yesterday. This IS what you would expect prior to an adjustment in the dinar, i.e. an RV. Since the GOIs budget is around 40 Billion a year, excess money obtained by the MOF (GOI) is deposited with the CBI. The MOF can exchange a portion of that money for dinar to pay expenses. If oil monies are in excess of expenses, (which they are) then excess monies can be used for other things, increase currency reserves, retire outstanding debt, buy excess dinar from the economy and reduce the base money suppy. Or give the Iraqi people a 10000 grant/gift. (Which hasn't happened). All in all, a formula for economic health that few countries can achieve in the developing world. How long will this go on? We do not know. But, they (CBI) are not selling dinar so I would expect that the "pipeline" to the dealers will eventually dry up, since the CBI is the ultimate source of dinar. The dealers might have pools of dinar for a while, but that can't last forever. Additionally, this process of removing dinar while maintaining large amounts of currency reserves will eventually come to the attention of the large currency traders and demand should begin to increase (so will price). Have a good day. We will see if this week continues to support this trend. Your comments are always appreciated. thank You.

Is there just the slightest possibility that there is a tacit agreement between banks in the USA (that bought up boatloads of dinar to sell locally) and the CBI to refrain from an RV until they (USA banks) make a "comfortable profit" from sales to local small investors? Sort of a courtesy "kickback"? Or is there some very complex banking law that prohibits this sort of thing? If this "agreement" exists would it be time sensitive ("ok, you US banks got til noon on Friday to wring as much outta Dodge as you can...then we RV and everybody makes money!") After all, those "bank fees" add up - consider the $2-3 fee you pay to use another bank's ATM! Just a thought!

Originally Posted by PaulieThaGreat

I feel better now. And next time my sister or other family trash talks about it ill just say "Thats fine that you feel that way, just dont think ill be there as a grab bag when it goes through!"

Exactly. Non believers don't deserve a penny of the profits. FACK EM off out of it. Tried several times to get one of my mates into this, he's so anti it I got quite annoyed last time. He'll be gutted once it pays off and he missed out, LOL.