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

A friend just called me and said that "Free Dinar" just sent a e-mail out that states that they are voting on the HydroCarbon Law today and they would send another e-mail with results in about 2 hours.

Originally Posted by fsndirector

A friend just called me and said that "Free Dinar" just sent a e-mail out that states that they are voting on the HydroCarbon Law today and they would send another e-mail with results in about 2 hours.

Hmmm... another piece that would absolutely fit in with the Dec 14/15 date.

Azzaman, December 7, 2006



The year 2007 will see the end of ‘terror’ in Iraq, return of stability and large-scale reconstruction, a cabinet minister claimed.



Finance Minister Baqer Solagh said the same year should see the value of the Iraqi dinar surging as a sign of a robust economy.



In a statement faxed to Azzaman, the minister said he would personally follow the implementation of projects that he hoped will see a drastic decline in unemployment.



The statement was released ahead of the publication of 2007 budget which Solagh said would secure the necessary financial resources to reconstruct the country.



“Next year will see a revolution in reconstruction which will check unemployment, defeat terror and consolidate security and stability in the new Iraq,” he said.



But he gave a gloomy picture of the pace of reconstruction in 2006 in which projects worth more than 2.5 billion dollars remain unimplemented due to security problems.



But the minister said he would see to it that all projects in the 2007 are carried out.



He gave no figures on money earmarked for reconstruction in 2007.

WAS ALREADY POSTED_SORRY!

Originally Posted by fsndirector

A friend just called me and said that "Free Dinar" just sent a e-mail out that states that they are voting on the HydroCarbon Law today and they would send another e-mail with results in about 2 hours.

I am on their mailling list. If/when a email comes through, I will be sure to post it. As of 2:15pm EST I have not received anything.

Originally Posted by Precocious

Here are some interesting facts:

Source www.CIA.gov:
USA GDP 2005 12 Trillion Dollars
Iraq GDP 2005 94 Billion Dollars (in US money)

US economy is 20+ times larger than Iraq

Source Federal Reserve:
US cold cash in circulation 246 Billion Dollars M1
Liquid dollars to spend 825 Billion Dollars M2
All moneys combined 3.3 Trillion Dollars M3

Source Roll Club:
Iraqi Dinar in circulation 9 trillion
Total Dinar printed 14 trillion
All moneys including US money unknown

If the dinar were revalued to 1 US dollar, Iraq would be able to purchase ALL the products and services produced by the largest economy in the world the US economy in one swoop. Another interesting FACT, the USA currently produces 8 million barrels of oil per day almost three times the amount of Iraq.

Some additional mathematics:
Iraq oil production 3,000,000 barrels day X $60 per barrel equals $180 million per day. Times 365 days a year equals 65 billion per year. They just edged out the sales at Microsoft for the year. I'm sure Bill Gates is very upset.

Can we draw some logical conclusions from this data that would indicate the actual value of a Dinar?

I totally disagree with your conclusion. You are not taking into account that the US is 5 trillion USD's in debt. Iraq is in much better shape than most countries of the world when you factor in debt and resources. In reality the USD is probably way overvalued. But when you take into account our society and government it is the world standard as it should be...for now.

Originally Posted by fsndirector

A friend just called me and said that "Free Dinar" just sent a e-mail out that states that they are voting on the HydroCarbon Law today and they would send another e-mail with results in about 2 hours.

C'MON BABY!!!

Originally Posted by fsndirector

A friend just called me and said that "Free Dinar" just sent a e-mail out that states that they are voting on the HydroCarbon Law today and they would send another e-mail with results in about 2 hours.

Isn't today their equivalent of the 'Sabbeth'? (i.e. Sunday) I hope it's true - but I would be surprized if their Politicians work on the Sabbeth bearing in mind they don't like to work much on a normal business working day?

Originally Posted by fsndirector

A friend just called me and said that "Free Dinar" just sent a e-mail out that states that they are voting on the HydroCarbon Law today and they would send another e-mail with results in about 2 hours.

Do they work on their holy day??

Originally Posted by texaslonghorns

Do they work on their holy day??

Remember this is Iraq they can do whatever they want to....I gotta' wooooooooooooooooooooot!

Originally Posted by texaslonghorns

Do they work on their holy day??

I believe it depends on the urgency of the issue. They have been known to work on Friday, but as a rule they do not.

Gloribee