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

Political first : development Directorate to combat terrorism and the collection of information security

Baghdad-Sabah The Ministry of the Interior Directorate of intelligence gathering under the name of (Directorate General of the Counter-Terrorism). That told (morning), Major General Rasheed Fleih pointing out that the Directorate, which will run came initiated the request of the The League of Arab States to the establishment of an Arab state in all against the backdrop of a meeting of Arab Interior Ministers, pointing out that the Directorate will be an alternative to the General Security Service. And Major General Fleih The Directorate consists of surveillance and investigation, information-gathering and analysis of information and the Division of confidential sources as well as people of other research j related to the subject of political and religious extremism and sectarian providing advice to the government on the shortcomings born extremist, sectarian strife and prevent indiscriminate raids. He added that a committee had been formed to select the qualified officers to work in the Directorate who possess a sense of security and intelligence of the entire spectrum of society, pointing out that the Directorate would cover all branches throughout the country and be linked to the Central Directorate in Baghdad.

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WM.Knowles...since the forum is quiet, I would like to pick at your brain for a while with some questions of a speculative nature.

1. With only six banks participating at the auction yesterday and taking out 850,000 dinar, can we expect that the CBI will start to increase the rate of the Dinar by more than 2-5 points at a time?

2. Am I correct with the assumption that if CBI was to r/v at a low rate such as .04 and peg it to the US dollar, that big investors will be able to buy large amounts (millions) and be somewhat safe as it is Pegged?

Thats it for now, but I'm sure I will have more.

Wasn't it that they just took out 865,000 dollars worth of dinar or am I wrong?

Originally Posted by jedi17

WM.Knowles...since the forum is quiet, I would like to pick at your brain for a while with some questions of a speculative nature.

1. With only six banks participating at the auction yesterday and taking out 850,000 dinar, can we expect that the CBI will start to increase the rate of the Dinar by more than 2-5 points at a time?

2. Am I correct with the assumption that if CBI was to r/v at a low rate such as .04 and peg it to the US dollar, that big investors will be able to buy large amounts (millions) and be somewhat safe as it is Pegged?

Thats it for now, but I'm sure I will have more.

Death Knell of the US Dollar...

Clive Maund

The dollar plunged with startling ferocity late last week, driven by heavy selling. This was very bearish action that signals panic, and the probable onset of a severe downtrend. A break below the crucial support at 80 on the dollar index is expected to mark the transition from a clandestine unloading of dollar assets to an all-out stampede to “get what you can for them” before it’s too late.

The conditions leading to an inevitable dollar panic sell-off did not come about overnight. They are the result of years of abuse, principally by the Federal Reserve of the US, which has created a veritable blizzard of dollars, and the universal acceptance of this “funny money” has, up until now, allowed the United States to freeload economically on the rest of the world, living way beyond its means. The exponential growth in dollars has been and is created electronically at the touch of a button, so that paying for anything is never a problem, whatever you want you simply print the extra money to pay for. Because foreigners have so far played along with this game, they are now widely, and to some extent understandably, regarded as stupid. However, it is a dangerous mistake to underestimate the mental capacities of other peoples. The Chinese, in particular, have an ancient and deep culture, and when it comes to strategic considerations, can outthink - and outflank virtually anyone. So what’s going on? - why have they accepted a mountain of paper and IOU’s over many years in exchange for real hard work and a vast quantity of real tangible products? The Chinese, and others, have done this to carry them over a bringing period during which they have built up their economies and infrastructure. Their goal - which they are fast moving towards - is to arrive at the point where there is sufficient domestic and regional demand that they no longer need to rely on orders from countries like the United States. At this point - which we may arrive at sooner rather than later - things will become very dangerous for the US dollar, and the situation is actually far worse than many now believe, because the Chinese and others are preparing to WRITE OFF THEIR DOLLAR ASSETS AS A BAD LOSS - they will try to get what they can for them, of course, but otherwise will be ready to fall back on domestic and regional demand and tough it out, thus severing the umbilical with the United States, which will be left stranded, with no takers for its funny money, a gutted manufacturing base, astronomic debts and fiscal chaos, and a huge military it can no longer afford to service. When the forces of globalization are let loose, as they have been, this is actually a natural and inevitable process, as orders and work simply move to the lowest bidders. Europe and the United States are uncompetitive and will be sidelined by the powerhouse economies of China and South East Asia. The Chinese and other trading partners with the US are already rotating out of dollars and into Dinars, Euros, commodities generally and Precious Metals at an ever increasing pace. As we already know, this has been a primary driver for the commodities boom. The recent attempt by the United States to maintain its dominance by brute force - a big reason why Iraq was invaded was that it was planning to sell its oil in Euros - is right now, quite literally, running into the sand, and it is now only a question of when, not if, the helicopters arrive on the rooftops to evacuate the last of the embattled US service personnel, like in the film “The Killing Fields”, although a last wildly dangerous attack on Iran still cannot be ruled out.

Having looked at the fundamentals, let’s now see what the charts have to say about the dollar.

On the 1-year chart for the dollar index we can see how the plunge on Thursday broke the dollar down out of a gentle uptrend that had been in force from the May low. It fell steeply again on Friday to arrive in the support zone at the May - June low. This support may provide temporary relief, but the severity of the decline suggests that it won’t be long until it resumes, assuming it pauses at all that is, which it may not. Note the bearish alignment of the moving averages, with the 50-day having closed up the gap with the 200-day in recent months, creating the potential for another severe decline.

On the 6-year chart we can see that the dollar had been marking out a potential Head-and-Shoulders bottom pattern since early 2004, but that the action of the past few days signals that the pattern is aborting, and a clear break below the May lows, which we are close to, will project the index down to the crucial long-term support at and approaching 80. What is the origin of this strong long-term support? To see this we will have to look at a chart going back many years.

The chart going back to early 1987 shows the origins of the strong long-term support at and above 80, for on this chart we can see that it has bounced repeatedly from this level. It approached this level way back in 1978 (not shown), and again in late 1990, and it bounced from it in 1992, again in 1995, and in late 2004. Clearly it is unlikely that the dollar will drop to this level and fall straight through it, without first pausing above it for a while or staging a weak rally. That said, however, the fundamental outlook for the dollar is truly awful for reasons made clear above, and so, despite the strength of support at this level, the dollar is not expected to hold above it for very long. Over the past couple of months it has become obvious to all but those who started it that the US has lost the war in Iraq, and can now only engage in a face-saving or damage limitation exercise. This has further damaged US credibility worldwide. The deficits are a running sore that continues to exert a bearish influence, and big dollar asset holders such as the Chinese are scrambling to unwind their dollar positions, in a manner that avoids precipitating a panic, which will be quite a feat if they achieve it.

What will happen to the dollar if it breaks below the immensely important support at 80? The prospect is an all-out panic and a rout, and its anyone’s guess where it will finally bottom out.

Many forward thinking and intelligent US readers are already aware of the gravity of the situation, and have been mobilizing themselves to get at least a portion of their assets either out of the country, or at least out of US dollar denominated assets. This is the way to go, and is what has been emphasized on www.clivemaund.com

This explains a lot of what is going on with China/Iran/Iraq and the CBI auctions....Thank God we are ahead of the game and only confirms the importance of our investment in Dinars!!!

Originally Posted by mogo

Are We There Yet! Lol

Hopefully this is the last time you have to ask that!!!

Many good news are coming to us. I really hope this professor are right

What is your beliefs that it will happen before this year ends

Political first : politicians are relying on the meeting between Presidents Bush and Maliki in Amman today

Security and the presence of foreign forces in the introduction to the themes and topics for the meeting Baghdad morning Reliable politicians and the citizens and observers to meet Prime Minister Nuri al-Maliki American President George Bush in Amman tomorrow, especially since it was for being within the Iraqi turbulent atmosphere, portending a lot of developments and speculations. I wonder what these politicians expected of the meeting, Will carry Mr. Bush and Maliki them solutions to problems that remained unresolved in Iraq? . What form of the security issue in Iraq. What do you try to co-curable?. What is the future of the militias?. And what are the challenges and treatments?. These and other questions we walk between politicians and intellectuals to hear their views. Correct several tracks Attorney says Mufeed al-Jazairi told the Iraqi List (morning), that a meeting Maliki, Bush corrected many of the tracks the political process and that it will be important to create basic needs for the rehabilitation of the Iraqi security forces to allow stronger capabilities in preparation for the exit of the multinational force from Iraq. He explained that the Amman meeting today comes at a time when policy changes inside the American administration and the Democrats control Congress and the House of Representatives and reflected in the policy of the United States towards Iraq, as well as the deterioration of the security situation in Iraq. He stressed that any break in the internal situation in Iraq is in line between the political blocs and the security crisis linked to political factors. Commenting political analyst Asaad Al-Abbadi hopes on the meeting, which is taking place today between President Bush in Amman, al-Maliki said : the American administration party chairman in the Iraqi problem. He pointed out that the government and the American administration in Iraq committed grave errors reflected on the current crisis in Iraq. Ebadi pointed out that today's meeting will be fruitful after the American administration reviewed its policy towards Iraq, both internally and externally. He expressed the hope that the results of the meeting do not, as has happened in many conferences held inside and outside Iraq participated in the mission in Iraq but that the recommendations have remained ink on paper. The Abbadi said that the meeting signatures mistakes and come close to the Iraqi reality and will be considered in many social groups and political interests have been damaged, as well as the marginalized groups and send a message of reassurance to all. Security and foreign forces The Abdel-Khaleq Zenknh member of the House from the list Kurdistan that the visit of Mr. Nouri Al-Maliki to Amman and his meeting with the American President, of particular importance especially since the Iraqi situation, especially after the events of Sadr City, more than the effects of the crisis and explained (Zenknh) that one of the most important hubs, which will include talks by Al-Maliki and Bush is the extension the survival of multinational forces or not, which will expire in December this year. This is involved in the approval of the legislative and executive authority and added (Zenknh) that the talks would focus also on the security side, the new points that will determine the nature of the relationship between the work of the security authorities and the multinational forces, pointing out that the Democrats win in the recent American elections and the pressure of public opinion American on the need to find solutions is not logical for American failure in Iraq, but failed in many areas such as Afghanistan, Palestine and Lebanon has paid the American Administration to expedite the implementation of the Platform for the new policy and see (Zenknh) that the situation in Iraq needs more than the contribution of either international or regional out of the crisis of violence she noted that there are more than a regional using Iraq as a pressure on the United States. Bloc chest and threatened to suspend its membership in the Parliament if they were to visit the (Zenknh) to block attacks, as stated by joining more than they were awaiting the results of the meeting between Bush and Al-Maliki then decide whether or not to suspend the membership and called (Zenknh) all the political blocs to adopt a positive attitude and discourse which would harm starry breakthrough in the Iraqi standoff. Bag-Maliki The Secretary-General of the Union of the new Iraq : Mr. Amer Al in that bag Mr. Maliki many of the themes, especially that the Iraqi climate insensitive clouds and problems and perhaps of the kind that does not enable him to the postponement Therefore, the issue of security for example, will be in the forefront of issues, but perhaps the most important matter we will seize on President Bush talks with President al-Maliki. But we have to look at the backgrounds of the motives that led to such a meeting, which became motivated security calls for the participation of regional, which will be the recommendations of the Baker Hamilton, which is hoped to emerge in the coming days. He says Vice : that it is natural to ask Mr. Maliki more critical issues, including the issue of foreign presence in Iraq, and I believe that the visit will be successful because the circumstances would allow the parties to the Iraqi and American no-Maliki and Bush to postpone solutions and I believe that as a result of the meeting, a lot of positive results. Iraqi Iraqi He denied MP Hussein Alvluji block consensus on the yield for Maliki Bush positive results quickly and said in a meeting yesterday morning with : he believes that the problem is Iraqi-Iraqi-and Iraqi-occupation. His personal view was that the solution to the problem requires an Iraqi internally and then look for outside support and explained that the meeting if it had been in Baghdad or any Iraqi city to give a positive impression to the reaction of popular and political so that the American administration to see the situation closely and we will be able to listen to different viewpoints on the crisis Alvluji and that the introduction of Jordan as a party to the solution of the Iraqi crisis stems from the fact hosts the largest Iraqi community abroad, where immigrated to thousands of scientists and professors, university and the citizens and merchants as well as politicians have to have the ability to play a positive role. He said : I hope that this role stems from the desire of Jordanian and American not commissioned because it might adversely affect the situation in Iraq, Dr. Hamid Fadhel Deputy Dean of the Faculty of Political Science at the University of Baghdad, the belief that the meeting Prime Minister Nuri al-Maliki President George W. Bush will have positive results have been great if in Baghdad. He said : The choice of Oman ground to the Iraqi file management gave the impression to introduce Jordan as a partner, especially after the Jordanian King received yesterday the President of Harith al-Dhari of the Association of Muslim Scholars. He explained that Fadel of the meeting today will be important in determining the position of the American administration of the Iraq issue, especially after the change in the Congress and the American deputies and said : The Iraqi Prime Minister impact will be felt during the meeting whether the American administration continues to support or not, especially as Maliki has announced a cabinet reshuffle in the government and the security situation in Baghdad and some Iraqi cities tended to be more tragedies. He said the meeting will be a message of reassurance to the Iraqi people that the American administration might change its policy, but it does not abandon its support for the political process in Iraq and the reason for refusal of some parties to the political process for such a meeting, said Dr Hamid Fadhel : The reason for that is that all the conferences, meetings and projects that were held to resolve the Iraq crisis internally and externally has not produced only promises and far from realistic means of application in addition to the bad security conditions that nominated the failure of the American administration in dealing with the security issue in Iraq and that reflected negatively on the administration of the government alive Yassin Minister. He pointed out that Iraqi citizens do not currently find any glimmer of hope out of the crisis, therefore, must be attached hopes on this meeting would come a positive outcome to the contrary conferences and meetings in which increased from the previous situation even tenser and tense.

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Originally Posted by shotgunsusie

im not so sure i dont want off the currency speculation rollercoaster right now. ive went around enough here. please stop it somebody!!!

no offense, but according to you, it was over 3 months ago

Originally Posted by risktaker

no offense, but according to you, it was over 3 months ago

none of this tonight

Originally Posted by risktaker

no offense, but according to you, it was over 3 months ago

actually a banker at bofa has told one of our ladies that they indeed have gotten several notices that it was happening and it has been delayed each time. and i believe that piper or dreamer or someone has found articles indicating that they had planned on doing it back when i first said something.