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

Originally Posted by Wm.Knowles

I have never been a conspiracy type person. JP Morgan chase has been involved in the trade bank of iraq since the beginning. They (JP Morgan) has always been involved in international banking arrangements. (They financed the Panama Canal) So even if there is not a "kickback" arrangement, the fact that Chase is dealing in dinar has been one of the most positive signs I have seen over the last few weeks. In Vegas we say "bet with the house". Since Chase is involved, we are betting with the house, and Chase is not known for making mistakes. From there point of view: They make money on the sell/buy, they make money on the spread, they make money on their holdings when there is an RV, and maybe most important, they have their name up front and many of us will open accounts and do investment business with them They also offer OffShore investments in several offshore locations. And I know this issue is of interest to many. (I will have more to say on the issue of appropriate offshore investment later). So staying on the side of someone like Chase is a good thing, and one of best pieces of news we have heard. As I have stated in the past, when Chase began this, we went from having pretty paper in a safety deposit box to a real asset.

Last week I posted that BoA(Bank of America) had bougth US Trust from Charles Schwab. US Trust is a Private Investors ONLY (5M+ divison). BoA is setting themslves up to handle all my asset/investment needs when the RE-VAL happens! BoA wants your business not just your converison.

Like WM. K said Banks are in Business to make money!! They will all ways come out on the WINing side.

H-Silverlinning

Originally Posted by CharmedPiper

It absolutely amazes me that they have not done the reval yet.....don't they realize they are pi$$ing against the wind here....we know they should have revalued the currency already and I have to believe based on Shibibi's credentials (the man is not stupid) that he is not controlling this.....and that makes me nervous. I believe Shibibi knows his business and he is not driving this suicide train.

It does seem incredible to us that they haven't revaled yet BUT I'm sure there are a lot of "Ducks" that need to be put in a row first - we just don't know about them (I know kinda surprising with super awesome news hounds we have here).

So far I agree with WM in his view of the CBI auctions and with the slow-down we are now seeing is a good indication that we may see the RV very soon now.

Along with the important meetings coming up and the last couple of important laws about to pass (If not already) I feel that once the CBI feels they have all excess Dinar out of circulation we will see a reval very shortly.

For me, there is just "something" in the air. I really feel we are very close. JMHO

Originally Posted by willie 2

Your a shrewd dude Paulie. We know exactly what you were trying to do. You were really trying to pull us out of the duldrums. It worked!!!!

Originally Posted by willie 2

Your a shrewd dude Paulie. We know exactly what you were trying to do. You were really trying to pull us out of the duldrums. It worked!!!!

WatchDawgWillie strikes again!!!!!!!!!

If Prime Minister Maliki doesn't take control of HIS situation in Bahgdad i am afraid that we are going to be waiting for a while for a revel....it is getting worse each day while he and the Iraqi government do nothing about it...they want to sit there and do nothing,collect their fat paychecks while their people kill each other off and starve to make ends meet....he is very WEAK[Mailiki] in my opinion....Geeee Dubya is going to tell him when they meet this week he better s**t or get off the pot....he is scared to make a decision about anything....that being said,i still remain optimistic that we might have a revel before the end of the year if Maliki gets his act together......GO DINARS...Pat

Iraqi Parliament to prevent the media as tension mounts

(Voice of Iraq) - 11-27-2006
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BAGHDAD (Reuters) - Iraqi parliament will prevent the media from attending meetings held in the future, started on Monday by refusing access reporters then spare television coverage with arguments raged on the work of sectarian violence.

The spokesman said the government and parliament that this is part of the efforts which had been agreed upon recently by the National Security Council to the Iraqi prevent a clash between the political leaders openly and to prevent press coverage of the conflicts considered irritants.

He said President Mahmoud Almshahadani Iraqi Parliament on Monday that the wording "legal" new parliament will be legislated soon to find a way "to deal with the media and media corrupt," as requested by the Parliament members to reduce unilateral statements "to the extent prevention."

He said Almshahadani's parliamentary session, which convened normal after three days of the imposition of the curfew on the city of Baghdad that the Iraqi parliament is about to issue new legislation ensures that "a legal formula to deal with the media and journalists corrupt."

He added that the Iraqi Parliament Almshahadani was "the situation the country is going through now is a state of emergency and asked the government to use its powers granted to it under maximum Emergency Law. Especially dealing with any talk or political position or information leading to increased congestion or stirring up sectarian strife. "

The city of Baghdad has witnessed the end of last week tension and crisis deficiency following the killing of more than two hundred civilians and wounding nearly 250 others after a series of car bombs targeted the eastern suburb of Sadr City.

The Iraqi government announced on Thursday evening, hours after the explosions occurred curfews lasted for three days, was lifted on Monday.

She accused the parties in the Iraqi government in the past few days and the media to increase the tension as accusing broadcast messages and media coverage "fabricated".

He called Almshahadani members of parliament and parliamentary blocs "to reduce the unilateral provocative statements and to unify the media and Iraqi political."

He added that the presidency of the parliament will "reduce. Prevention sometimes to the extent of the data ... And if there is a very important event possible that will allow it under certain controls of expression and collectively. "

The Almshahadani says "henceforth, the media would be outside the parliament and when there is a case Ahangeneh because the media could be a cause of resentment."

Almshahadani said that the new procedures were "the recommendation of the political council of national security."

Almshahadani described the situation in the country as "a conspiracy (a) focused on the spread chaos security and to increase tension in the street in preparation for a civil war or sectarian destroy the new Iraq."

On the other hand, said Mohammed Abu Bakr, director general of the Information Service of the House of Representatives that the Council "took action and new contexts related to the presence of journalists sessions of the House of Representatives ... and will see the light soon. "

He added Abu-Bakr, told Reuters that the measures announced, "does not necessarily mean preventing journalists from attending Parliament sessions."

He pointed out that Abu Bakr procedures "will no appropriate channels for the delivery of events to journalists and to the Iraqi people."

Iraq dominates Bush's participation in the NATO Summit

(Voice of Iraq) - 11-27-2006
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WASHINGTON (Reuters) - eclipse the increasing violence and political tension in Iraq, the participation of the American President George Bush at a summit of the North Atlantic Alliance this week he had hoped to persuade the Europeans which make a greater effort to quell violence in Afghanistan.

Topping the issue of increased attacks by the Afghan Taliban movement agenda of the leaders who will meet in Riga, Latvia. And there is Afghanistan, where a NATO force of 32 thousand soldiers more stages of the bloodiest violence since the forces toppled led by the United States and Britain, the Taliban regime in 2001.

It will be Bush, who left Washington on Monday and stopped in Estonia first European countries to increase their troops in Afghanistan and the lifting of restrictions on its troops.

Analysts say that Bush's efforts during the summit, had undermined by Iraq slips closer to civil war and defeat his Republican embarrassing term elections in Congress on the seventh of November this November, which dominated by resentment of the Iraq war.

Bush will meet with Iraqi Prime Minister Nuri al-Maliki in Jordan after the Riga summit in light of the crisis in Iraq after the explosions that targeted a Shiite area in Baghdad, which resulted in the deaths of more than 200 people on Thursday.

The Iraqi young Shiite leader Muqtada al-Sadr said that his supporters are going from the government if Maliki met with Bush. For his part, the White House confirmed that the meeting would take place.

According to a report published in The New York Times calls the draft report of the study group discussed Iraq on alternative solutions in Iraq to hold direct talks with Iran and Syria, but does not specify a timetable for the withdrawal of American forces.

The group will be led by Secretary of State James Baker and former Congress member, former Lee Hamilton recommendations to Bush next month.

The Riga summit is the first meeting between Bush and his European counterparts since the elections of the Congress Democratic Party, which managed to wrest control of the House of Representatives and the Senate of the Republican party.

My Europeans who opposed the war said that the results of the elections proved their views, but Bush and his allies, who are anxious to repair trans-Atlantic relations, which deteriorated after the invasion of Iraq in 2003 will try to calm tensions.

An American retired from the Air Force, Joseph Ralston, who was Supreme Commander of NATO forces in Europe, the situation in Afghanistan and reached "a critical stage".

He said during a press conference at the Center for Strategic and International Studies last week that the European policy and commitments in Iraq may prevent access to NATO resources it needs in Afghanistan.

In addition to seeking to get more troops Bush also wants countries to ease the restrictions imposed on its forces such as to prevent them from carrying out during the night or engage in battles of the original.

Bush also hopes to strengthen its relations Bhlfah alliance in the Asia-Pacific region such as Japan, Australia, South Korea and the Scandinavian countries such as Finland and Sweden. This idea has not been welcomed by some states in the alliance.

Karen Pohan

Jepson School : Britain supports reconciliation with Baathists and gunmen

(Voice of Iraq) - 11-27-2006
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Dargham of Muhammad Ali
Baghdad - (Voices of Iraq)
Said Robert Jepson School Deputy British Ambassador in Baghdad today, Monday, the British embassy does not currently in any dialogue with any political party but supported by all potential political process of national reconciliation among the Iraqis.
He added Jepson School News Agency (Voices of Iraq) Independent during the inauguration of some sections of the police station Karradat Maryam inside the green zone ", which was financed by the British embassy," the embassy promote reconciliation with any party, whether armed or Baathists, as long as contribute to the stabilization of the situation in Iraq. "
The Green Zone, financed by the British embassy
The Jepson School that "acts of violence taking place in Basra are calculated by a few residents of Basra" and said "they get in all parts of Iraq," pointing out that "if these actions are completed and under control, this will mean that the Iraqi police are ready and that the task had been completed."
He added : "But challenges remain."
N p

Originally Posted by Hslvrl9g

Last week I posted that BoA(Bank of America) had bougth US Trust from Charles Schwab. US Trust is a Private Investors ONLY (5M+ divison). BoA is setting themslves up to handle all my asset/investment needs when the RE-VAL happens! BoA wants your business not just your converison.

Like WM. K said Banks are in Business to make money!! They will all ways come out on the WINing side.

H-Silverlinning

Knowing that banks were buying dinar by the 100's of millions was one of the reasons I invested initially and why I bought more, later on. So, I'll just relax (oh, sure) and wait for the re-val on 11/29 (birthdays of special people in my life! - 'cause it HAS to happen then...I mean, somewhere it's somebody's special celebratory day so why not 11/29 when the meeting is in full swing? Thanks, again, guys!

Peakoil posted this on IIF, Looks like Paynes was right about the Fed reserve backing the dinar, good find.

Warehousing.
The Federal Open Market Committee of the Federal Reserve can permit the Treasury to "warehouse" some amount of foreign currency, if needed and appropriate, with the Federal Reserve System for the purposes of making more dollar resources available for ESF operations. Warehousing arrangements have only been used in a few specific instances.
In a warehousing transaction, the ESF makes a spot sale of foreign currency to the Federal Reserve System and simultaneously commits to repurchase the currency at a market-determined forward price on a specific future maturity date. Authorization to conduct warehousing operations has been renewed annually by the FOMC as a part of its foreign currency directive to the Federal Reserve Bank of New York for the System Open Market Account. The limit on warehousing is $5 billion, but this limit was temporarily raised to $10 billion in 1989 and $20 billion in 1995. The last use of the warehousing arrangement was during the period 1988-1992.

Link: U.S. Treasury - Exchange Stabilization Fund

Is this ringing a bell for anyone out there.
The latest dollar amount was $20 Billion in 1992.
More than 10-years ago.
What do we think it would be today in order to support and lift the Dinar?