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

Originally Posted by Vipor

Hmm... interesting (as Mike says).

My coworker (who is involved on this ride) went to Chase today to get a few more NID and the purchase price was the same as it was last week ($0.00078290) regardless of the drops the past two auctions.

Same rate as I paid last Friday. Not sure of the supply chain, but thinking B of A, which supplies Dinar to Chase, and then Chase as well, have a supply in the pipeline at the old prices, and will not adjust until they buy at the new rates. Just a thought.

Dec. 18, 2006, 8:42AM
Sen. Clinton opposes troop surge in Iraq

By BETH FOUHY Associated Press Writer

NEW YORK — Sen. Hillary Rodham Clinton said Monday she would not support a short-term increase in American troop presence in Iraq unless it was part of a more comprehensive plan to stabilize the country.

Clinton also offered the broadest indication yet that she was close to a decision on whether to enter the 2008 Democratic presidential field.

"I want to make sure the decision is right for me, my family, my party and my country," Clinton said during an interview on NBC's "The Today Show." She appeared on the show to promote the rerelease of her best-selling book on child rearing, "It Takes a Village."

The former first lady said she knew more than any other potential candidate how hard it was to be president. "I saw it in an up close and personal way for eight years," she said. She reiterated that she would disclose her decision until sometime after the first of the year.

Clinton's comments on the presidential race were her most expansive since winning re-election to the Senate from New York last month. Since then, she has been contacting potential supporters in key early voting states like Iowa and New Hampshire, but has said very little publicly about her plans.

She also offered praise for Sen. Barack Obama, the Illinois Democrat who has also indicated he may enter the race. Obama drew huge crowds on a visit to New Hampshire earlier this month.

"He's terrific. He's a friend and a colleague. I have very high regard for him," she said, while sidestepping a question about whether Obama would make a good president.

"I think he is a really exciting personality and someone who has a lot to contribute to the national dialogue," Clinton said.

Clinton, a member of the Senate Armed Services committee, said she was not in favor of a proposed "surge" of some 20,000-40,000 American troops into Baghdad to quell the sectarian violence there. President Bush is reportedly considering such a move as one of many options to improve the situation in Iraq.

Nevada Sen. Harry Reid, the incoming Senate Majority Leader, suggested over the weekend he would support a short term troop increase if it would speed up the time frame for pulling troops out of Iraq.

Clinton indicated she was skeptical of such a proposal.

"I am not in favor of doing that unless it's part of a larger plan," Clinton said. "I am not in favor of sending more troops to continue what our men and women have been told to do with the government of Iraq pulling the rug out from under them when they actually go after some of the bad guys."

Clinton, who voted in 2002 to authorize military intervention in Iraq, said she was wary of increased military presence in the war-torn country.

"I'm not going to believe this president again," Clinton said.

In an commentary published Monday in the Wall Street Journal, Clinton and Sen. John Ensign, R-Nev., urged the Bush administration to press the Iraqi government to apportion that country's oil revenues so that "every individual Iraqi would share in the country's oil wealth."
Clinton has pushed for an "Iraq Oil Trust" modeled on the Alaskan Permanent Fund to give residents a share of the revenues.

"A significant percentage of oil revenues would be divided equally among ordinary Iraqis, giving every citizen a stake in the nation's recovery and political reconciliation and instilling a sense of hope for the promise of democratic values," the senators wrote.

http://www.iraq-war.ru/article/112644

Just received my small order from SafeD, right on time. I'll bet that business is good these days!

Originally Posted by shotgunsusie

First_Page

could anyone have this translated for us please??

I noticed that about 2-3 days ago

think its pretty new what ever it is about

Looks to me like the annual Medical Association Prescription writing contest.....LOL. Sorry, couldn't resist.

Originally Posted by Precocious

This kind of baseless prediction frustrates me!

First of all, the CBI is doing exactly what they said they would, slowly bring the exchange rate to 1345 to curb inflation. Secondly, as we all observe daily, the CBI has been buying back lots of Dinar with US Dollars. How would they pay to exchange perhaps a Trillion+ Dinar at a one to one ratio when they only produce $94 Billion worth of goods each year??? Where would all the US dollars (real money to the rest of the world) come from??? This is a fundamental issue that reamins for a large scale reval.

You are making the assumption that when they go from a rate of say
1350-1 to 1-1 that the majority of Dinar holders will rush to the bank to exchange the majority of their Dinars.

You and the most of the rest of us here at Rolclub are tiny drops in the bucket. The majority of Dinar is being held by the U.S. and the treasuries of other countries, and other really big fish Soros, Buffet etc.

The governments holding Dinar, are by agreement not going to cash in their Dinar. They actually keep buying because at 1-1 the Dinar is still a bargain, the value will rise within the next two years to over $2.50.
Much of their Dinar will never be exchanged for dollars they will use their Dinar to buy oil and invest in Iraq's oil industry.

So every one on this forum and IIF etc. can rush out to the bank (I would advise against this) and cash their Dinar for Dollars and it really would not make a bit of difference. Because not only will the big fish be buying at 1-1, their will be a whole new crop of Dinar investors that were unwilling (or unaware) to invest given the circumstances. Once the Dinar is revalued these
people will see a rosier picture for the Dinar then what we have been looking at over the last 3 years. So there will be plenty of folks eager to buy what you are rushing out to sell. And guess what they will be smart to buy at 1-1.

I hope this answers your question.


Peace
Michael

Originally Posted by bluezzguy

Same rate as I paid last Friday. Not sure of the supply chain, but thinking B of A, which supplies Dinar to Chase, and then Chase as well, have a supply in the pipeline at the old prices, and will not adjust until they buy at the new rates. Just a thought.

If the bank's sell rate is based on the bank's buy rate for their last inventory purchase, then why do they (the banks) claim to some customers that the customer's buy rate changes daily? Makes you wonder.

This was posted by "Emile" on IIF on Aug 17th 2006:

"went out for a drink with a mate i haven't seen in years who works for barclays. i mentioned the nid to him and he told me it was a good investment and that he has a few mil himself. he also told me that he had a meeting with some managers last month in london and one mentioned that the cbi will raise the nid to between 1135-1350 nid, this is to try and stop inflation rising. no info on sources etc but i'd just thought i'd pass it on. this being done by the end of the year."

Looks like she was spot on. This was posted a couple of weeks after rumours began to spring up everywhere claiming access to sources and confirmation of a RV any day now! Obviously, amidst the thick of it, not many took too kindly to it.

Originally Posted by postcon

This was posted by "Emile" on IIF on Aug 17th 2006:

"went out for a drink with a mate i haven't seen in years who works for barclays. i mentioned the nid to him and he told me it was a good investment and that he has a few mil himself. he also told me that he had a meeting with some managers last month in london and one mentioned that the cbi will raise the nid to between 1135-1350 nid, this is to try and stop inflation rising. no info on sources etc but i'd just thought i'd pass it on. this being done by the end of the year."

Looks like she was spot on. This was posted a couple of weeks after rumours began to spring up everywhere claiming access to sources and confirmation of a RV any day now! Obviously, amidst the thick of it, not many took too kindly to it.

Well, this was the suggestion by the IMF so to say it's some sort of inside information is a bit much.

Originally Posted by lndmn_01

Well, this was the suggestion by the IMF so to say it's some sort of inside information is a bit much.

Didn't the recommendation by IMF suggest 1345? I don't think there was a range specified. Nevertheless, looks like that rumour was the closest one so far!