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

Hey, guys, let's not bash Bush.

Afterall, if it weren't for him, guess who would still be in charge in Iraq?

And do you think we would all be excited about getting rich sometime soon?

Just something to think about.

Caroline

Originally Posted by flygirl1

It is the Texan way! That I know. My husband has family in Texas and that you can take to the bank!

HeHe neno is right in the middle of it all "Down Here". Texas Slain

Interesting,

In my opinion, the dinar isn't going to peg anytime soon (although it would be great if it did). Just chacnes aren't likely.

As for those givign out dates, wasn't the earliar date end of may-beginning of june? Now its end of june-beginning of july..

We'll see..

Originally Posted by Offshore-Wealth.com

Interesting,

Regarding tonights call with Free-Dinar with Dr. Q and there is very positive news coming out of Iraq. Not only have hundreds of insurgents been terminated and taken into custody, the insurgents are losing ground now that so many are known to US and Iraqi forces. This is a far cry from what we are hearing in the major media, which indicates same amount of killing and bombing going on. This is not true, a major round up of the most dangerous insurgents are being flushed out and turned in by citizens. This is indeed going to be the turning point against bombings as large stashes of explosives and weapons have also been seized. This is all good news.

Also, there are further confirmations the revalue is close at hand, expeically will all that is going on in Iraq this past couple weeks. Dr. Q who has a good deal of inside information has confirmed what I had been hearing from my contacts, and again, we are close. As to how much, the rumours are still strong that it will be lower to start, sorry, but this seems to be certain at this point. They are also confirming the smaller notes are being printed, and the currency is expected to rise quickly, so don't exchange it all at once, this too has been confirmed as in the plans.

Overall, Malaki has taken a stong position and he is earning the respect of all people, and this is critical to get everyone working together. Also, the ISX is on schedule, and this too depends on revalue, so all these major plans are on schedule. Dinars are indeed in short supply, and most are starting to hold out in Iraq, so supplies may dry up over night. As was reported finally, there is more oil reserves being confirmed in the north which was not disclosed publicly until recently, so as I had stated a few times before, Iraq will soon be the number one country with regards to oil reserves. This is all good news, so hang in there.

Good luck to all, Mike

Mike, the latest rumour to do the rounds is at .40 before 4th July, could tie in with yours my friend?

Originally Posted by Mike

Interesting,

In my opinion, the dinar isn't going to peg anytime soon (although it would be great if it did). Just chacnes aren't likely.

As for those givign out dates, wasn't the earliar date end of may-beginning of june? Now its end of june-beginning of july..

We'll see..

Best we offload then.

London: Iraq aims soon to export its first batch of crude from its beleaguered northern oilfields for the first time in nearly a year.
Iraq resumed intermittent flows through its vital northern oil pipeline to Turkey last weekend after a four-month halt.

The country plans within days to issue a sales tender for at least four million barrels of Kirkuk crude from Turkey's Ceyhan terminal, the first such award since last August.

"Iraq is going to have a Kirkuk tender in the next few days," an industry source said.
http://www.gulfnews.com/business/Oil.../10047144.html

Originally Posted by Mike

Interesting,

In my opinion, the dinar isn't going to peg anytime soon (although it would be great if it did). Just chacnes aren't likely.

As for those givign out dates, wasn't the earliar date end of may-beginning of june? Now its end of june-beginning of july..

We'll see..

With such negative opinions about everything, how do you even manage to get out of bed each day? Sheesh!

Tell you what...I'll buy all of your Dinar from you at the current (6/16/2006) exchange rate then you won't have to be bothered with real world delays...

Will the fighting ease?

By TRUDY RUBIN

[email protected]

BAGHDAD, Iraq -- When the photo of the bloodied face of Abu Musab al Zarqawi was displayed to the Baghdad press corps on Thursday, we confronted something even uglier than a mass murderer's corpse.
This was the face of a man who deliberately provoked civil war in Iraq. More than any other factor, he provoked the sectarian violence that threatens the country. Staring at the grainy image of that bearded face, with red splotches on cheek and nose, one had to wonder whether the evil he unleashed could now be checked.

Shiites persecuted

This is the big question of the post-Zarqawi era: Will his death make it more feasible for Iraqi Shiites and Sunnis to reconcile and stabilize the country? Or will the civil war worsen and entrap American soldiers between the warring sides?

Zarqawi was spectacularly successful in his efforts to make Iraqi Shiites and Sunnis kill each other. The two Muslim sects differ in their beliefs over who was the rightful successor to the Prophet Mohammed. But in Iraq they have intermarried for centuries, and the larger tribes include adherents of both tendencies.

When Saddam Hussein fell, tensions between minority Sunnis and majority Shiites increased. Hussein had favored the former and persecuted the latter. The insurgency was led by Sunni Baathists and military men who were resentful at their loss of power.

But the Sunni zealot Zarqawi and his al Qaeda movement went further, labeling Shiites apostates and bombing their mosques and markets. For more than two years, the supreme Shiite cleric, Ayatollah Ali al-Sistani, forbade retaliation. But neither U.S. forces nor Iraqi security forces were able to protect the Shiites from death.

Finally, in February 2006, Zarqawi's followers blew up one of Shiite Islam's holiest sites, the al-Askariyah Shrine, provoking a cycle of revenge-taking by Shiite militias. This, in turn, led to more Sunni retaliation, in a cycle that is tearing apart families, neighborhoods and whole towns.

You can feel the Zarqawi impact everywhere. Shiites who live in Sunni neighborhoods get messages telling them to move out on 24 hours' notice or face death. An acquaintance from the Shiite shrine city of Karbala in southern Iraq tells me that refugee camps are filling up on its outskirts with poor Shiites who have been driven from Baghdad or mixed towns to the north.

Thousands have died

Sunni civilians are being murdered in retaliation by feared Shiite militias such as the Mahdi Army. At one dinner in an Iraqi home, I was shown a black-draped photo of the host's Sunni brother-in-law, who was dragged from his car and shot by Shiite militiamen last month. Thousands have died this way.

Zarqawi also was trying to undercut Iraq's new national unity government, which for the first time includes Sunni leaders. His men murdered the brother and sister of Sunni Vice President Tariq al-Hashemi and have slain many Sunni clerics and sheiks who advocate politics over the gun.
Prior to Zarqawi's death, Shiite and Sunni leaders argued over how to check his efforts. Shiites insisted that the main problem was Zarqawi and the insurgency, not their militias.

''Zarqawi can hit wherever he wants and make Shia retaliate,'' the thoughtful Shiite Vice President Adel Abdel Mahdi told me a week ago over breakfast in his Baghdad office. ''The (Shiite) people waited for three years and didn't retaliate,'' he insisted. ''They couldn't find security and people got fed up. We can't control that.'' Once the insurgents were curbed, said Mahdi, the Shiite militias would fade.

A bridge ahead?

But Mahdi's counterpart, Sunni Vice President Hashemi, maintained that the Shiite militia problem had to be confronted immediately. ''So far there is no trust between the different sectors of the community,'' he told me. ``No one is building bridges. We are like islands.''

The question now is whether Zarqawi's death can provide a bridge.
If -- and this IF is big -- his death leads to a drop in attacks on Shiites, there might be more space for pursuing a national compact between Iraqi factions. They will still disagree over how to deal with the bulk of the insurgency, led by the Baathists, but a slowing of civil war might facilitate negotiations.

Zarqawi's name had become synonymous with the sectarian hatred that threatens not only Iraq but also the entire region. His demise may slow the explosive growth of this hatred.

At least that's what I hoped when I looked at the grisly photo of his corpse.

©2006 The Philadelphia Inquirer

Interesting,

For those in US or dependent on the dollar, BEWARE, this is just one reason why you should not exchange out all you dinar for dollars too quickly. The dollar is under attack, not only from within, but from our enemies like Iran. Interesting read below, so be prepared, knowledge is the true power to wealth.

Why the Dollar Bubble is about to Burst

Steve *******on
London - 24 May, 2006

The Voice (issue 264 - 11th May) ran an article beginning, "Iran has really gone and done it now.
No, they haven't sent their first nuclear sub in to the Persian Gulf. They are about to launch
something much more deadly -- next week the Iran Bourse will open to trade oil, not in dollars
but in euros." This apparently insignificant event has consequences far greater for the US
people, indeed all for us all, than is imaginable.

Currently almost all oil buying and selling is in US-dollars through exchanges in London and New
York. It is not accidental they are both US-owned.

The Wall Street crash in 1929 sparked off global depression andWorld War II. During that war the
US supplied provisions and munitions to all its allies, refusing currency and demanding gold
payments in exchange.

By 1945, 80% of the world's gold was sitting in US vaults. The dollar became the one undisputed
global reserve currency -- it was treated world-wide as `safer than gold'. The Bretton Woods
agreement was established.

The US took full advantage over the next decades and printed dollars like there was no tomorrow.
The US exported many mountains of dollars, paying for ever-increasing amounts of commodities, tax
cuts for the rich, many wars abroad, mercenaries, spies and politicians the world over. You see,
this did not affect inflation at home! The US got it all for free! Well, maybe for a forest or
two.

Over subsequent decades the world's vaults bulged at the seams andmore and more vaults were
built, just for US dollars. Each year, theUS spends many more dollars abroad that at home.
Analysts pretty much agree that outside the US, of the savings, or reserves, of all other
countries, in gold and all currencies -- that a massive 66% of this total wealth is in US
dollars!

In 1971 several countries simultaeously tried to sell a small portion of their dollars to the US
for gold. Krassimir Petrov, (Ph. D. in Economics at Ohio University) recently wrote, "The US
Government defaulted on its payment on August 15, 1971. While popular spin told the story of
`severing the link between the dollar and gold', in reality the denial to pay back in gold was an
act of bankruptcy by the US Government." (1) The 1945 Bretton Woods agreement was unilaterally
smashed.

The dollar and US economy were on a precipice resembling Germany in 1929. The US now had to find
a way for the rest of the world to believe and have faith in the paper dollar. The solution was
in oil, in the petrodollar. The US viciously bullied first Saudi Arabia and then OPEC to sell oil
for dollars only -- it worked, the dollar was saved. Now countries had to keep dollars to buy
much needed oil. And the US could buy oil all over the world, free of charge. What a Houdini for
the US! Oil replaced gold as the new foundation to stop the paper dollar sinking.

Since 1971, the US printed even more mountains of dollars to spend abroad. The trade defecit grew
and grew. The US sucked-in much of the world's products for next to nothing. More vaults were
built.

Expert, ­CóilÃ*nn Nunan, wrote in 2003, "The dollar is the de facto world reserve currency: the US
currency accounts for approximately two thirds of all official exchange reserves. More than
four-fifths of all foreign exchange transactions and half of all world exports are denominated in
dollars. In addition, all IMF loans are denominated in dollars." (2)

Dr Bulent Gukay of Keele University recently wrote, "This system of the US dollar acting as
global reserve currency in oil trade keeps the demand for the dollar `artificially' high. This
enables the US to carry out printing dollars at the price of next to nothing to fund increased
military spending and consumer spending on imports. There is no theoretical limit to the amount
of dollars that can be printed. As long as the US has no serious challengers, and the other
states have confidence in the US dollar, the system functions." (3)

Until recently, the US-dollar has been safe. However, since 1990 western Europe has been busy
growing, swallowing up central and eastern Europe. French and German bosses were jealous of the
US ablility to buy goods and people the world over for nothing. They wanted a slice of the free
cake too. Further, they now had the power and established the euro in late 1999 against massive
US-inspired opposition across Europe, especially from Britain - paid for in dollars of course.
But the euro succeeded.

Only months after the euro-launch, Saddam's Iraq announced it was switching from selling oil in
dollars only, to euros only -- breaking the OPEC agreement. Iran, Russia, Venezuela, Libya, all
began talking openly of switching too -- were the floodgates about to be opened?

Then aeroplanes flew into the twin-towers in September 2001. Was this another Houdini chance to
save the US (petro)dollar and the biggest financial/economic crash in history? War preparations
began in the US. But first war-fever had to be created -- and truth was the first casualty. Other
oil producing countries watched-on. In 2000 Iraq began selling oil in euros. In 2002, Iraq
changed all their petro-dollars in their vaults into euros. A few months later, the US began
their invasion of Iraq.

The whole world was watching: very few aware that the US was engaging in the first oil currency,
or petrodollar war. After the invasion of Iraq in March 2003, remember, the US secured oil areas
first. Their first sales in August were, of course, in dollars, again. The only government
building in Baghdad not bombed was the Oil Ministry! It does not matter how many people are
murdered -- for the US, the petrodollar must be saved as the only way to buy and sell oil --
otherwise the US economy will crash, and much more besides.

In early 2003, Hugo Chavez, President of Venezuela talked openly of selling half of its oil in
euros (the other half is bought by the US). On 12 April 2003, the US-supported business leaders
and some generals in Venezuela kidnapped Chavez and attempted a coup. The masses rose against
this and the Army followed suit. The coup failed. This was bad for the US.

In November 2000 the euro/dollar was at $0.82 dollars, its lowest ever, and still diving, but
when Iraq started selling oil in euros, the euro dive was halted. In April 2002 senior OPEC reps
talked about trading in euros and the euro shot up. In June 2003 the US occupiers of Iraq
switched trading back to dollars and the euro fell against the dollar again. In August 2003 Iran
starts to sell oil in euros to some European countries and the euro rises sharply. In the winter
of 2003-4 Russian and OPEC politicians talked seriously of switching oil/gas sales to the euro
and the euro rose. In February 2004 OPEC met and made no decision to turn to the euro -- and yes,
the euro fell against the dollar. In June 2004 Iran announced it would build an oil bourse to
rival London and New York, and again, the euro rose. The euro stands at $1.27 and has been
climbing of late. See the European Central Bank history of the euro/dollar:
http://www.ecb.int/stats/exchange/eu...d.en.html#1999

But matters this month became far, far worse for the US dollar. On 5th May Iran registered its
own Oil Bourse, the IOB. Not only are they now selling oil in euros from abroad -- they have
established an actual Oil Bourse, a global trading centre for all countries to buy and sell their
oil!

In Chavez's recent visit to London he talked openly about supporting the Iranian Oil Bourse, and
selling oil in euros. When asked in London about the new arms embargo imposed by the US against
Venezuela, Chavez prophetically dismissed the US as "a paper tiger".

Currently, almost all the world's oil is sold on either the NYMEX, New York Mercantile Exchange,
or the IPE, London's International Petroleum Exchange. Both are owned by US citizens and both
sell and buy only in US dollars. The success of the Iran Oil Bourse makes sense to Europe, which
buys 70% of Iran's oil. It makes sense for Russia, which sells 66% of its oil to Europe. But
worse for the US, China and India have already stated they are very interested in the new Iranian
Oil Bourse.

If there is a tactical-nuclear strike on - deja-vu - `weapons of mass destruction' in Iran, who
would bet against a certain Oil Exchange and more, being bombed too?

And worse for Bush. It makes sense for Europe, China, India and Japan -- as well as all the other
countries mentioned above -- to buy and sell oil in Euro's. They will certainly have to stock-up
on euros now, and they will sell dollars to do so. The euro is far more stable than the
debt-ridden dollar. The IMF has recently highlighted US economic difficulties and the trade
deficit strangling the US -- there is no way out.

The problem for so many countries now is, how to get rid of their vaults full of dollars, before
it crashes? And the US has bullied so many countries for so many decades around the world, that
many will see a chance to kick the bully back. The US cannot accept even 5% of the world's
dollars -- it would crash the US economy dragging much of the world with it, especially Britain.

To survive, as the Scottish Socialist Voice article stated, "the US, needs to generate a trade
surplus to get out of this one. Problem is it can't." This is spot on. To do that they must force
US workers into near slavery, to get paid less than Chinese or Indian workers. We all know that
this will not happen.

What will happen in the US? Chaos for sure. Maybe a workers revolution, but looking at the
situation as it is now, it is more likely to be a re-run of Germany post-1929, and some form of
extreme-right mass movement will emerge.

Does Europe and China/Asia have the economic independence and strength to stop the whole world's
economies collapsing with the US? Their vaults are full to the brim with dollars.

The US has to find a way to pay for its dollar-imperialist exploitation of the world since 1945.
Somehow, eventually, it has to account for every dollar in every vault in the world.

Bombing Iran could backfire tremendously. It would bring Iran openly into the war in Iraq, behind
the Shiite majority. The US cannot cope even now with the much smaller Iraqi insurgency. Perhaps
the US will feed into the Sunni v Shiite conflict and turn it into a wider Middle-East civil-war.
However, this is so dangerous for global oil supplies. Further, they know that this would be
temporary, as some country somewhere else, will establish a euro-oil-exchange. Perhaps in
Brussels.

There is one `solution' -- scrap the dollar and print a whole new currency for the US. This will
destroy 66% of the rest of the world's savings/reserves in one swoop. Imagine the implications?
Such are the desperate things now swimming around heads in the White House, Wall Street and
Pentagon.

Another is to do as Germany did, just before invading Poland in 1938. The Nazis filmed a mock
Polish Army attack on Germany, to win hearts and minds at home. But again, this is a finger in
the dam. So, how is the US going to escape this time? The only global arena of total superiority
left is military. Who knows what horrors lie ahead. A new world war is one tool by which the US
could discipline its `allies' into keeping the dollar in their vaults.

The task of socialists today is to explain to as many as possible, especially our class, that the
coming crisis belongs purely to capitalism and (dollar) imperialism. Not people of other
cultures, not Islam, not the axis of evil or their so-called WMDs. Their system alone is to
blame.

The new Iranian Oil Bourse, the IOB, is situated in a new building on the free-trade-zone island
of Kish, in the Persian Gulf. It's computers and software are all set to go. The IOB was supposed
to be up and running last March, but many pressures forced a postponement. Where the pressure
came from is obvious. It was internationally registered on 5th May and supposed to open mid-May,
but its opening was put off, some saying the oil-mafia was involved, along with much
international pressure. Just google `pertroeuro', and the story lies before you.

From now on, anyone in the know will wake up every morning and, even before coffee, will check
out the latest exchange rate between the euro and dollar.

wow, great posts Mike!! Thank you