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10am, January 10th, 2013   

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Our Blog Posts
News, Rumors and Opinions in Dinarland Thursday AM
Iraq Having Economic Crisis Due To Political Crisis
MIG Members News and Opinions Thursday Morning
Med & Member Chat - Post From Dinar Speculator
SWFloridaGuy responds to a comment on a Wednesday post about the CBI
Late Wednesday Night Dinar Chatter
The below posts were in our 10pm Email
Tlar's Perspective & Good Advice - Post From Dinar Detectives
Wednesday Roundtable with Millionday and Fresh at PeopleInvested
SWFG News at MIG Chat Wednesday Evening
Members & Adam's Two Cents Worth - Post From Dinar Vets
SteveI and Ray Update from Peoples Dinar Wednesday Evening
Adam Montana & Member Chat - Post From Dinar Vets
The below posts were in our 6pm email
Thoughts and Opinions in Dinarland Wed. PM
Flashing and I4U Members Chat Wednesday Afternoon
Okie Post at OOM&F Wednesday Afternoon
Adam Montana Thoughts Emailed to Recaps Wed. Afternoon
Shining Thoughts from I4U Wednesday AM
Intel4U Members News, Rumors and Opinions Today
© Copyright DRT Distribution, LLC All Rights Reserved

 

[SWFloridaGuy] 1-10-13 Finance Officer: Iraq has the right to withdraw part of the cash reserves in the Development Fund for Iraq. "Banks' manager in the Ministry of Finance, Hilal Taan said that Iraq could withdraw money from the cash reserves in the Iraqi Development Fund for Iraq / DFI / deposited in the Federal Bank of the U.S. Iraq has the right to withdraw part of the money provided signature of the Minister of Finance and Prime Minister only on the amount to be withdrawn."

[SWFloridaGuy] "The Development Fund for Iraq was established under UN Security Council Resolution 1483 in May 2003 to keep the Iraqi funds away from the claims of creditors, States and their companies. The media talked about that the Iraqi government is not able to act in cash reservoir abroad because it is deposited in the Central Bank of the U.S. The media noted that the Federal Bank of the U.S had already agreed with the United Nations and the Central Bank of Iraq to reject the transfer of any amount outside the framework of the budget."   http://www.ninanews.com/English/News_Details.asp?ar95_VQ=GFHMJF

[goin4broke] SWFloridaGuy Gm How can they withdraw if the FED has a hold of their purse strings?

[SWFloridaGuy] goin4broke I didn't write it. Just bringing it in.

[willietrader] SWFloridaGuy what does that mean to you regarding our investment?

SWFloridaGuy] willietrader I don't really have much thoughts on it one way or another. There's no rate change, so there's nothing really to talk about.

[highhopes] BOBGETZ6 Any word from your frozen friend today???
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Picture
Economic parliamentary: the crisis has affected the economy and very citizens began withdrawing their deposits from banks

Thursday, December 10 2 / January 2013 06:10   [Baghdad - where]

The Economic Commission parliamentary reflection of the current political crisis in the country largely on the Iraqi economy.

He said the Commission's decision Mahma Khalil told all of Iraq [where], that "the current crisis, and in light of what Iraq is going through the political atmosphere charged and a major crisis and serious, affected in a clear and overshadowed the overall life of the citizens, and to a very large on the Iraqi economy."
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1-10-13 Winalot: This is posted at the CBI, on a picture of a pdf. Iraqi banks all decided to continue the work of the window sale and purchase of foreign currency for the day on Saturday 1-12-13. That was just posted there within the last two hours.  
http://cbi.iq/?pid=Home%E2%8C%A9=ar

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=http%3A%2F%2Fcbi.iq%2F%3Fpid%3DHome%26lang%3Dar

winalot] SWFloridaGuy "window sale" could mean something big... or just mean at teller window... see what the translation says, and let me know

 [SWFloridaGuy] winalot I still can't believe that you saw it that quickly. I never bother to check the CBI website every day. Glad you did.

 [winalot] SWFloridaGuy I figured that little trick of theirs out a couple months ago...and check it alot

 [SWFloridaGuy     http://cbi.iq/documents/Universal-7.pdf

[winalot] There are 2 important things to figure out from that announcement... 1-what do they mean by a "window", and 2- are they buying or selling from the public?
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    Med (20:33:36):   HOLD ON OK   ANYONE HERE   I MAY BE ABLE TO CLEAR UP THAT POST   I THINK IT IS THE TRANSLATION    SEE IF THIS MAKES SENSE    MALIKI HAD IN HIS FIRST TERM    REMOVED ALMOST ALL KURDS    FROM THE IRAQI ARMY    AND THERE FORE ONLY COULD SERVE    IN THE KURDISTAN MILITARY 

  I THINK WHAT THEY MEAN    IS THEY HAVE MOVED A MILITARY FORCE FROM BAGHDAD....IRAQI MILITARY    AND THEY ARE CAMPED NEAR....   KURDISH PROTESTORS    DOES THIS NOT MAKE MORE SENSE

    W8n2cashin: yup
    ksdunlap: yes

     Med:    I SEE THAT NOT ONE PERSON    HAS MADE A COMMENT  ON THE FREEDOM COMMENT    IN THE IRAQI PAPER    THERE IS ON HERE    BUT IT WAS LEFT ALONE    I AM VERY SURPRISED    IT IS STILL UP
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SWFloridaGuy responds to a comment on a Wednesday post, here is our post:

http://www.dinarrecaps.com/1/post/2013/01/swfg-post-at-mig-wednesday-morning.html
Comment from Anthony
This is the part you should look at,"supports the financial sector in the country and preserve the value of the Iraqi dinar against foreign currency." its saying they are going to hold the present value not increase it, we have a while to wait yet at least a year remember the zeros project delayed until 2014.
Hello Anthony, thanks for taking the time to respond. I'm going to have to completely disagree with you but I understand why you are coming to that conclusion. If you look at what the CBI has been saying, the plan has been to bring the IQD somewhere on par with the USD. Delete the zeros in itself does not refer to revaluation and is not what we are hoping for.

Read More Link on Right


Read Mor

 

[SWFloridaGuy] Another interesting development from an article dated tomorrow is that nine points the kurds demanded to move forward with the Erbil agreement/article 140 are back on the table finally.

[SWFloridaGuy] This Sunday the Ministry is sending a delegation to Baghdad to hold negotiations with the federal government to end the dispute and reach a "final agreement." The Kurdish delegation will present a paper composed of nine points to resolve the crisis.

[SWFloridaGuy] In the first meeting they had a refusal from Prime Minister Maliki over 11 points from 14 by the Kurdish delegation and were forced to return to the negotiating table. Couple this with the CBI saying they are going international and I'd say we are looking very good indeed. Erbil article from 1-10-13    
http://www.sotaliraq.com/mobile-news.php?id=84163#ixzz2HX4m8vQQ


hardtorecall] SWFloridaGuy Does it look like next week now?

 [SWFloridaGuy] hardtorecall Next week for a RV? There's nothing that will every point to a specific time-frame but I see no reason it can't happen in the short-term due to recent developments.
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The below posts were in our 10pm Email


1-9-13 Tlar: Nothing said yesterday in Iraq can be counted on happening today. Plans change before the concrete dries. Shabibi's plan - Shabibi's gone. Shabibi also said do it first of the year. Did not happen. Earlier Shabibi said $1.00. Did not happen.

We will just have to wait to see. Nassar said .25 per buck. Studies said $1.13 and recently they said they were going to 1000 to 1. Did not happen.

We still have no facts and why should we? If you were in charge and going to raise the value of your currency would you ever reveal when or by how much?

Oh, it's coming alright, but the two questions that we have all asked from the very first time we invested, how much and when, are yet to be answered. That's why I don't get too excited either way.

It is only a fool who thinks he has solved this puzzle. RV, float or whatever. We have corrupt individuals running the show so there is absolutely no way to make any sense out of what's going on at this point. Look at this as a good book you are unable/unwilling to put down.

TLAR'S GOOD ADVICE:
We all understand the plot and probably the outcome but the story is yet to unfold as to how or when we will get there. Relax if you can. Be amused by the story. Watch the players for they are all just bit players in a B movie. Enjoy the entertainment. You've already bought the ticket. It will come when it comes and when it does it will usher in a reward for your having been a part of it.
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[millionday] Launched in Cairo yesterday of the twelfth Conference of the Union of the two-day Arab journalists and involving twenty-one. Legal Adviser to the Iraqi journalists syndicate spring blessing that the Union participates in the work of the Conference with a large delegation headed by fellow Iraqi supporter Al-Lami and several Board members in the Union and chief editors of newspapers and media organizations, legal advisers and the media.

[millionday] He added that the Conference sinkash the reality of the problems and challenges facing media as well as the role of the media in development and promotion of the democratic experience in Arabic. And the legal counsel pointed out that the election of the members of the Secretariat of the Conference, who in turn elect the President, the Vice-Presidents and the Secretary-General. Spring forecast to get Iraq to senior position in formations in the light of the place of Iraqi journalists syndicate and its relationship with other Arabic unions.

[millionday] Twelfth Conference will be held under the theme (free press and do not differentiate), while devoted to discussion of the draft statute and ratify the Union and political issues and legal and Professional Association of interest to Arab journalists in particular issues of government restrictions on freedom of the press and of opinion and expression and the problems of women and the training and qualification of young journalists on modern information and communication technology.

[millionday] it will be interesting to read this when it comes out
[millionday] look at the position iraq is gaining in the region though
[millionday] it isnt long until they break out of their shell it sounds like
[millionday] let me try to see what else i can find -- it wont take as long
[millionday] smile

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[SWFloridaGuy] I have some intersting news. Now I need to look at this at some more depth but my initial reaction is that the CBI has decided to make the currency international and bring the value somewhere on par with other countries who have similar robust economies and a bright financial outlook.

[SWFloridaGuy] This is an article from tomorrow their time and comes straight from the CBI, not an anonymous source.

[SWFloridaGuy] 1-10-13 Economic Committee: "The economic and investment committee to install Turki governor to manage the central bank to the attributes of the experience financial and personal internationally acceptable which will be good and positive for the financial situation in the country."

[SWFloridaGuy] "Experienced in the economic, financial and be a figure acceptable internationally and has informed and knowledge of what is happening in the situation of the international financial order supports the financial sector in the country and preserve the value of the Iraqi dinar against foreign currency."
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RVPLEASETODAY: I think the only chance we have for a significant RV is if they just declare it so and move on. This whole "float" idea makes no sense to me.

Why, when the only thing Iraq has to sell is oil, which is already sold in dollars, would people start buying Dinar like crazy if it was floating, biding it up over a few months? If their currency becomes more valuable, then oil becomes less valuable to them, because it is sold in dollars.

This float stuff is wrongheaded, IMHO.

FOX: I don't think your reasoning is logical here. The price of oil will be the same value in dollars. If their currency revalues, everything that is marked in their stores in dinar prices will need to be adjusted. Everything marked in their stores in US dollar prices will be the same. If they did a 1:1 RV, they could use the same price tags for US dollars and dinars. It would be super simple. I vote for it!
...

Greetings everyone. Ray and I just wanted to clarify a few housekeeping items regarding our investment. We finally have some very positive and great information to share with you all today.

We both have some information about the latest developments in Iraq. Contrary to what has been said elsewhere, the 2013 Budget has not been approved yet.

They have not been able to get enough members at times to vote and yesterday they had fist fights in Parliament. They are scheduled to vote on it Thursday though. Providing they can keep their hands in the air and not in each others faces. Everything in the budget has been agreed on and all they need now is just a lifting of hands. Many government agencies are screaming for them to hurry up because they need funding. The 2012 Budget has been closed leaving them without any money to operate. I feel this is huge and mentioned that many times and it has been reported in many news articles posted on this forum.

Another item, that was in a local paper this morning, was that Maliki received a letter from Ban Ki-Moon stating that the United Nations Security Council had approved the lifting of Chapter VII sanctions and that he, Moon, had signed off on it too.
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Adam Montana] This will be the first OFFICIAL chat of the New Year, I'll be doing the normal Q&A in a moment, but first - the current State of the Dinar

[Adam Montana] there is a bunch of rumors floating around - people are saying Talabani is dead, there has been an announcement of an official pending rate of over $3, one chat I read even mentioned Shabibi coming back and taking Maliki's place.... can we insert a "facepalm" here? Some of these "gurus" need to be put on a leash or forced to take their medecine

[Adam Montana] Here's a confirmation and a debunking on all those: There is no verifiable facts on any of that. So, aside from the usual clowning around from the other sites, here's what IS going on

[Adam Montana] Fiscal Year 2013 for Iraq is here. This means nothing by itself, but now that we're past that mark we can start looking for more important stuff... like ratifications and serious votes on serious matters such as foreign policy, Iraqi banking and financial structures, and most importantly - HCL and Chapter 7
...


The below posts were in our 6pm email
Badabing: Last night on Fox with Greta- She had a financial analyst- journalist who said this: "Treasury Secretary Timothy Geithner says the government will take a series of accounting measures to avoid defaulting on its debt. One of these measures include a foreign currency exchange program." Makes you want to say Hmmmmm?

jazzergirl] Hi all....haven't been in for a while. Just talked to WF and the Customer Service lady. Asked her if our Mgr. had gotten any more news on Dinar. She said not today but the sooner the better for everybody! I agreed and just hung up! GO RV!

[tomzom] Here's my take on the all the positive intel --- I'm gonna' just go-on and totally immerse myself into the whole of it all! I'll go on extremely motivated and optimistic about the whole darn thing! ...and then if it doesn't happen... I'll boo-hoo real loud, pick myself up and do it all again tomorrow!!!

[tomzom] ...and being that we are all in a great place leads me back to my original dilemma... What color the stripe on my new sailboat should be --- red or blue???

USAREMENTOR] I predict that the Hopium will be flowing big time within the next 2-3 hours.... just sit back and watch....When I am right, which I will be, you can then call me a "new dinar guru"...lol

[abbababy] puppylove Hearing tomorrow maybe good. Any news on your end. Be Blessed my friend.
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[pastored] Hey all still praying this n tonight with the international prayer call 2 or more call this n 6 pm central 530 881 1400 406878# all welcome had over 300 monday

[flashing] tc0043 i was just checking recaps and found that. if anybody have a doubt about that please read my post in forum today.. if still confused u can contact me. i will be glad to answer u. There will be persons that will try directly or indirectly to discourage u. don't pay attention to them , because everything is running very well.

[olesailor] flashing do you have a time frame where we should get our party hats ready

[flashing] olesailor i still with the same jan 15.

[blue skies] flashing me too I agree

[olesailor] flashing I'm ready got my depends and all

[flashing] olesailor just be ready :

[olesailor] flashing I even have a bottle of Champaign it's not Dom but it's gooooooooooooood stuff

[blue skies] olesailor yes yes yes

[sananddan24] Flashing but could go before the 15th, right?

[flashing] sananddan24 of course
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[..OKIEOILMAN] IS TOMMOROW TO BE A DAY OF MAJOR CONSQUENCE?--THEIR ARE SOME TAUTING THAT--AS USUAL I AM TRYING TO STAY GROUNDED AND SEE ACTUAL ACTION TRANSPIRE. I AM RECEIVING POSITIVE INTEL AND SOME THAT ARE NOT AS OPTIMISTIC. THIS WAITING GAME IS NEARLY REACHED A BREAKING POINT IN MY ESTIMATION. WE ARE STILL CONFIDENT IN THE FINAL OUTCOME AND SUCCESS OF OUR INVESTMENT BUT NEED TO ALWAY'S REMEMBER THAT AS WE APPROACH THE FINISH LINE SOMETHING ALWAY'S SEEM'S TO INTERVENE.PRAY THIS TIME THAT ALL THE SO CALLED OBSTACLE'S HAS BEEN REMOVED AND ACTION FINALLY OCCUR'S. PLEASE KEEP THE FAITH AND PRAYER'S GOING UP---

[..OKIEOILMAN] PLEASE REMEMBER AT THIS TIME IS A TIME OF TESTING OF GOD'S CHOSEN PEOPLE--I KNOW HOW HARD IT IS AT TIME TO TIME TO KEEP THE FAITH BUT NOW ABOVE ALL--WE NEED TO KEEP THE FAITH.

[..OKIEOILMAN] IT'S HARD TO KEEP THE FAITH WHEN PROMISES AND PROJECTIONS HAVE NEVER BEEN MET TO DATE BUT SOMEHOW THERE ARE A FEELING IN THE AIR THAT JUST PERHAP'S THIS TIME THIS WILL OCCUR--ONE THING ABOUT IT--WE DON'T HAVE LONG TO WAIT TO SEE IF IT IS REAL THIS TIME OR JUST MEMOREX.

[..OKIEOILMAN] THNX ALL--KEEP THE FAITH--WE ARE SUPPOSED TO BE REWARDED SOON--GONE FOR NOW

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Fiscal Year 2013 for Iraq is here. This means nothing by itself, but now that we're past that mark we can start looking for more important stuff... like ratifications and serious votes on serious matters such as foreign policy, Iraqi banking and financial structures, and most importantly - HCL and Chapter 7. Now, Iraq itself does not have much to do with the DECISION that needs to be made on Chapter 7. They have done everything they need to do, they are 100% compliant and there is nothing to legally prevent them from being released unconditionally from Chapter 7 IMMEDIATELY

HCL is another story - that IS Iraq's baby, and they DO have everything to do with it. For those of you that don't know, the HCL is the "Hydro Carbon Law" - it's a HUGE deal for Iraq, because it influences and even controls where the money goes when they sell oil, who can sell oil to whom, and very significantly - what the Kurdish region of Iraq can do with it's share of the resources.

There has been talk for some time now that Kurdistan would simply love to split apart from Iraq, and the thought is that they will do this if Iraq is not going to step up and increase the value of the currency. They feel like "Why should we wait around for these people to get it together when we can just secede, form our own country, and our own CURRENCY, and move forward?" This is not the BEST case scenario, and both Kurdistan and Baghdad is well aware of this - the BEST CASE SCENARIO is for Iraq AND the Kurdish region to move forward together, raise the value, raise the power, and succeed.

Kurdistan just recently played what may be a "Power Card" - they've begun working outside of the GOI and doing business on their own. There have been oil sales and deals struck which completely excluded the GOI - any time oil is sold from any regioin in Iraq, a portion of that money is supposed to come to the Central Bank. Kurdistan is apparently disregarding that fact. This is different than the normal "huffing and puffing" - this is a serious play. This means that if they want to move forward, they are going to get SERIOUS about resolving the HCL... and if you've been following the Dinar for long, you know that the HCL is a major key to the future rise in the value of the Dinar.

Shining] hi everyone

[Jeff] Shining so are we done yet?
[Shining] Jeff looking in my crystal ball stand by

[masterT] Shining.....GOOOOOOD Morning....Where have you been??????We have missed YOU>>>>>>>
[Shining] masterT gm busy busy

[Jeff] Shining do you know the date and rate yet?
[Shining] Jeff of course, you gave it to me :

[max13th] Shining are you still thinking TK may still be correct lol
[Shining] max13th yes I beleive we are about to break the surface, just hang on grin

[telemar59] Shining hello. Are we going to see an announcement on tv today regarding the house and o?
[Shining] telemar59 there are rumors of such, just have to wait and see what shakes out of the tree on that one

[spankey] Shining: lobster for the weekend ?
[Shining] spankey and champagne if I get my way grin
[spankey] Shining: That's great .....let's hope you get your way !!!!!!!

[telemar59] Shining I am hoping the hide the RV with that announcement of something else.
[Shining] telemar59 If there is an announcement I doubt it would be anything disruptive at this point,,that may come down the road a bit

[superbiz] Shining still thinking we are in the week?
[Shining] superbiz I have not heard otherwise

[Readynow] Shining please, are you still as positive that it is now?
[Shining] Readynow I am
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[cruiser] Not sure if this was ever posted or not, if not enjoy the read. : Iraqi Oil Gushing Spurs Best Bond Rally in 11 Weeks: Arab Credit: http://www.bloomberg.com/news/2013-01-09/iraqi-oil-gushing-spurs-best-bond-rally-in-11-weeks-arab-credit.html

Jeff] cruiser I am feeling like a wet tiger thrust through the vaccum of BS today LOL

Retchie08] cruiser .. & You Know iTs Gonna Keep Gushing... WOOOO HOOOO !! Thnx 4 d Link.

cruiser] Borders closed: http://www.albawaba.com/news/jordan-iraq-border-462464

[that guy] Borders closed again?? They close them so often ...

[Jeff] cruiser why would they close the border kemo sabi (spelling? lol)

[cruiser] Jeff do not know. Can only specultate

[pianamama63] cruiser gm what's the word on the street from you today??

[rustyc] Jeff cruiser saw the border thing earlier some said they would do that before rv?

[wheezer2] cruiser Jeff Jeff CaLL THEM !!!

[Jeff] wheezer2 I can see it now : Hello this is America why are you closing your borders in Iraq? Sir what do you mean they are not closed LOL

[cruiser] rustyc is that opinion or fact???

[rustyc] cruiser its on the internet so its gotta be rumor lol

[cruiser] rustyc also on Fox news and BBC news also.
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