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6pm, September 28th, 2012 |
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Greetings!,
Our newsletter is a listing of all our blog posts. The newsletter is sent 2 or 3 times a day. Our email schedule is HERE. If you cannot wait for the email, you can read our posts directly on our BLOG throughout the day and night, or follow us on TWITTER and get our blog posts tweeted to you between 10am - midnight (ET). Our Twitter name is DinarRecaps. If you like this newsletter, share with others. Enjoy our Recap Email, The Dinar Recaps Team |
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9-28-2012 Abby01: "Rafidain Bank issued 42 thousand smart card for employees and retirees." Love this! Seems we hear mostly good news. Things are being accomplished that we have all been talking about for the past few years.
9-28-2012 LoriC: Today we should hear more from the UN regarding Chapter 7. The GOI now has a temporary Oil & Gas law in place and they issued smart cards today. All great news imo that points something big about to happen.
9-28-2012 R&R: Though we're not as far as I hoped we'd be today, things may not be too bad. As BGG said, Barzani is the "pushover" and should come to the table soon. It appears his main sticking point (other than Erbil) is getting a payment, and that is supposed to be happening next week.
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[Stitch] I pledge allegiance to the flag of the United States of America and to the Republic for which it stands. One nation, UNDER GOD, indivisible, with liberty and justice for all!! God Bless our troops and all who serve... God Bless the USA!! : [Stitch] God Bless the U.S.A. by Lee Greenwood http://www.youtube.com/watch?v=Q65KZIqay4E[2012jesus] if we see RV today my time would be at 3 pm est praying [2012jesus] to 3:30 [Rocky49]ty it is good to be here waiting for some great news. Bags packed ready to go send me my codes. I have my banker on speed dail ready to make my appointment. [mbd4049] I just think we could all be rich this weekend wow what a thought rofl [sananddan24] Isn't exciting to think this will last day of being broke for the rest of our we all should be millionaires and billionaires! Rocky49] sananddan24 If I had to take an educated guess....I would guess we would be cashing in no latter then Tuesday, hoping for the RV today and cash in Sat. .... |
The below posts shaded in green
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Conference to support the Iraqi banking sector in Britain
Friday 09/28/2012 06:19 am
Baghdad / term : confirmed member of the Finance Committee in the House of Representatives AMEER Mayahi, Investment Conference to be held in London on the banks will support the banking sector and will work to develop, denying reports that the sale of Iraqi financial sector to foreign during the conference.
Said Mayahi of the Agency news that the investment conference to be held in London will have a positive role in economic development because it will come out with recommendations and resolutions in support of the Iraqi banking sector and how to develop it, in addition to that he will examine all the problems and obstacles banking in order to reach solutions to address them.
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The below posts were in our 10am email |
SMALL STRAWS IN A SOFT WIND by MARSHA BURNS: 9-28-12
You have been in a transitional phase for some time, but I tell you now that today marks the end of an era and the beginning of a new one. You have had trials and tribulations, victories and defeat. You have learned great lessons through your circumstances that will serve you well. You've been shaken by change, dismayed at the results of poor decisions, and at times have felt at a loss for direction. It is time to leave the past behind and step into a new day in which I will pour out wisdom. I will direct your steps. I will strengthen you and give you new hope, says the Lord.
Hebrews 12:27 Now this, "Yet once more," indicates the removal of those things that are being shaken, as of things that are made, that the things which cannot be shaken may remain.
It is not God's desire or His plan for you to go through long, seemingly never ending battles - it is the opposite - it is God's plan to avenge you, deliver you, prosper you, and heal you - SPEEDILY. <---- there is our SUDDENLY!!!!
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[childofgod] cruiser hi gm
[childofgod] cruiser Looks like this will be our last weekend broke!
[cruiser] childofgod better be lol
[blessedandhighlyfavored] cruiser Spill the beans please because you are in early this morning Woooo Hoooo!!
[cruiser] blessedandhighlyfavored have not slept
[BigB] cruiser There was a lot to take in last night form all the contributors.
[cruiser] BigB there is a lot going on.
[blessedandhighlyfavored] cruiser Wow you must really excited!!
[BigB] cruiser Hey - I don't know about you but I'm up for it. Been waiting too long!
[cruiser] BigB I am sooooo ready for this. It is time.
[tb30] cruiser how was the gentlemen's club? Did you get some good info? roflmao
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Med: YOU CANT PLAY WITH EMOTIONS LIKE THAT THEY ARE RUNNING SYMPOSIUMS BUT AT UNIVERSITIES WHICH IS ALL FINE AND DANDY BUT ABOUT 90 OF IRAQ IS IN AN AREA WHERE THERE IS NO COMMUNICATIONS
curiousB: He is protecting the currency in spite of google translator Saleh is just doing his job. No foul Thats why he can cover both sides of the sword Communication is limited.
They know they can't make everybody knowledgable We know Dr. Bakri says 1 to 1. We know their concerned about money laundering and people getting cheated
Med: OK HONESTLY CB NOTHING YOU HAVE SAID HAS ESCAPED ANY OF US ON HERE WE HAVE DISCUSSED EVERYONE OF THESE POINTS MANY TIMES
busman: i see where you are going with 90% no comm. please continue on it med
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curiousB (7:57 PM): Med do you recall when Shabibi said its way past do and ther going to do it even without govt approval.
Med: I SURELY DO BUT HE SAID HE DOES NOT NEED GOVT APPROVAL THIS WAS MORE OF HIM WANTING A STAMP IF HE IS NOT GOING TO GET IT
curiousB: We know but last year he said he wanted it
Med: YES HE DID IN FACT IT WAS SEPT 2011 WHEN HE CAME OUT
curiousB: This year he said it's done with or without
Med: OK I BELIEVE YOU AND YES HE DID
curiousB: No way would he reneg
Med: HMMMM
curiousB: It's too late
Med: NOW REMEMBER THIS IS NOT THE WEST NOTHING IS TOO LATE
curiousB: I believe the K7urdish MP slipped up.
Med: WHEN IT COMES TO THEM THEY ALL HAVE SLIPPED OR MADE ERRONEOUS COMMENTS
curiousB: Well maybe but think about it. Im not sure this was erroneous
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9/27/12 Foot Forward Replay (760)569-7699 Pin 169061# (Current recording only)
MP3 Replay Link Recording Time 115 Min
9-28-2012 Footforward: They have not been removed from Chapter 7. They have requested to be removed 4 times. Why would they ask to be removed if they hadn't done everything they needed to do. Iraq has done everything they need to do.
The National Conference is never really going to happen. They have 3 of the 5 leaders on board, now they need Allawi & Barazani. What will happen is the RV will just show up. Do not look for the National Conference in the public eye.
We are not looking at 2013, I am still looking for it anytime within the next 2 weeks and I am still looking for double digits, multipliers of 7. The rate will be very good. The currency needs to come out strong for Iraq to say "come on in, Iraq is open for business". They won't benefit from a $.10 RV. Shabibi has never said it would come out at $.10 or $.86 or 1 to 1.
Articles coming from the CBI is different than coming from Shabibi. The dong will go along with the dinar & I have been given a rate of $.05 to $.20.
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mr.blaino: HERE'S WHAT I "HAVE".... MY INSIDE SOURCE AFFIRMS THAT 7 IS OVER... BUT THE PUBLIC FACE OF THAT HAS YET TO BE RESOLVED AND DISPLAYED (UN SITE, PUBLICATIONS, ETC)... SO, I 'THINK' WE MAY BE SEEING APPROPRIATE GAMESMANSHIP AND THE SO ON TO ALLOW TIME TO GET THE OTHER PARTS OF THIS IN LINE... REMEMBER THAT THE UN REP SAID "I'M HERE TO GET YOU OUT OF CHAPTER 7!"
mr.blaino: I REALLY BELIEVE THEY MAY WANT TO ACTUALLY "FLOAT" THE RATE AS DISCLOSED ON THAT RECENT SATURDAY CC WE DID ABOUT 2 WEEKS AGO THIS SATURDAY. THAT WOULD ALLOW FOR A MORE CONTROLLED AND MANAGED RISE IN VALUE...
LESS 'SHOCK TO THE SYSTEM' SO TO SPEAK... (OK, TYPE!) ANYWAY, IF THERE WAS A FLOAT, THE RATE WILL BUFFER THE EXCHANGE PROCESS, GENERATE LONG TERM INTEREST IN THE CURRENCIES OF THE REGION AND GENERALLY ALLOW FOR A MORE CUSHIONED LANDING FOR THE ECONOMICS IN THE REGION.... METHINKS
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[TERRYK] JUST POPPING IN FOR A MIN THINGS ARE STILL ON TRACK UST STILL IN LOCKDOWN
[Dee1031] before Oct 1?
[TERRYK] CHINA SOURCE IS SAYING THIS IS STILL BEFORE OCT 1 LET'S SEE WHAT COMES OUT OF MEETING TOMORROW THINK IT WILL BE GOOD
11:28 PM [TERRYK] OK SO I GAVE YOU ALL WHAT I GOT TINA KEEP THE ROOM OPEN UNTIL SAY 2 AM SOME THINGS ARE BREWING I DONT KNOW IF IT WILL EFFECT ANYTHING
11:29 PM [TERRYK] BUT CHINA JUST FOUND LIKE A GIZILLIAN DOLLARS AND INJECTED IT INTO THEIR BUDGET
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dietcokeandice: BWM can you make head or tails of this UN Speeches what has been said or NOT
BWM: dietcokeandice most was in a different language.. that complicates things
BWM: you ever notice that some intel "providers" (I use that loosely) can never EVER make a post without mentioning that they spoke to another intel "provider"... THIS IS THEIR CONTACT trail...
BWM: IT'S THURSDAY... GET READY TO SCRAPE THE "JUNK" OFF THE WINDSHIELDS
dietcokeandice: BWM what are your thoughts about the meetings in NY today abything you have been waiting to help our rv
BWM: dietcokeandice I had received some information in regards to that prior to today telling me what to expect... so I wasn't really surprised
mamari4: BWM what didn't surprise you?
BWM: mamari4 dietcokeandice the UN has their own network... and the "hoopla" surrounding all the speeches
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[diverdown] Soonerfan62 tell okie we said getrdone
[Soonerfan62] OK BACK, JUST KEEPS GETTING BETTER (DON'T ASK) LOL
[medusa1130 ] Soonerfan62 you tease!!! Roflmao
[TLane] That was Geiko and they saved you a BUNCH of money!
[olordplease] Good ole Any thing can happen Thursday
[sln1987] Soonerfan62 have you talked to Bella lately? How is she?
[Soonerfan62] sln1987 NO I HAVEN'T
[clintonya] ive got a secret and you cant know it tee hee
[chrivers] Soonerfan62 so what's your first major investment or purchase??? :)
[cruiser] Hi Soonerfan62 Hope you are great!!!
[~healthy3] Soonerfan62 One question. Are we going to graduate in the very near future?
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The below posts shaded in green
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VP Khuzai's speech at the UN General Assembly - Summary
September 28 2012
KHUDIER ALKHUZAE, Vice-President of Iraq, said his country's fast-growing economy would enable it to return to the world economy having seen its gross domestic product (GDP) double, as had GDP per capita. According to the International Monetary Fund (IMF), GDP would reach $150 billion in 2014, he said, adding that Government policies had succeeded in curbing inflation and controlling spending, as well as the accumulated external debt.
The national development plan focused on balanced growth, driven by the oil sector, he said, noting that Iraq had reserves of about 143 billion barrels and potential reserves estimated to surpass the proven ones, in addition to some $126.7 trillion in large natural gas reserves. Investments would help substantially develop the oil industry through licensing rounds and the establishment of refineries and other oil- and gas-related industries, he said, noting that production was expected to reach 10 million barrels per day between 2017 and 2020.
He said his country honoured the principles of rule of law, an independent judiciary and freedom of expression, he said. "We proudly announce to you that we don't have a single prisoner jailed for his belief or opinion," he declared. "Despite our fight against terrorism, human rights are principles that we respect and promote as a just cause that we do not have any justification to tamper with."
Preparing a draft law to combat money laundering
09/28/2012 11:23 AM
Ali Abdullah : Detection office money laundering of the Central Bank of Iraq, Friday, for the preparation of a new draft law to money laundering, according to the actual need for the requirements phase and challenges, noting that the project will be submitted soon to the House of Representatives.
said Director of the Office money laundering Khaled Cltag in a press statement that his office "under the guidance of the Board Joint Anti-Corruption in the General Secretariat of the Council of Ministers in 2009 prepared a draft of a new law to combat money laundering and raising to the Council of Ministers. "
and explained that "the project has been discussed and is currently subject to scrutiny in preparation for transmission to the House of Representatives," pointing out that "the law currently in force is the law No. 93 for the year 2004. "
Article 140 Committee meets with a delegation UNAMI to resolve outstanding problems in the implementation of Article
September 28 2012
Search Committee Chairman Article 140 of the Constitution in Parliament MP Mohsen al-Sadoun with a delegation from the UN mission to help Iraq (UNAMI), headed by Advisor Political Affairs Masaaki Watanabe and adviser in Mission Christian Botsoen and the presence of Deputy Chairman of the Committee MP bright Naji, the outstanding problems in the way of the implementation of Article 140 of the Constitution and operational phases that came to it.
According to a statement of the Office of Sadoun Thursday: it was during the meeting agreed to continue and communicate in meetings between the two sides in order to resolve all outstanding problems in the way of implementation of constitutional article 140.
Iraq calls for German companies to expand their investments
September 28 2012
Finished delegation Iraqi economic headed by Deputy Prime Minister Rosh Nouri Shaways included a number of ministers and businessmen, will hold talks in Berlin conducted with government officials Germans and representatives of the private economy, in order to enhance cooperation and push German companies to more work and investment in the areas of economic development in Iraq.
held Shaways Ministers money, transport and health Iraqis meeting with the Minister of Economy Vice German Chancellor Philip Roessler, and Transport Minister Peter Ramzawr, discussed which ways to strengthen economic and political ties that develop in tangible form.
visit came the Iraqi delegation, which included about 250 representatives of the public and private sectors, within the framework of Forum Iraqi economic - German second, which was organized by the Iraqi embassy in Germany with the Chamber of Commerce and Industry English - German in the hotel �Ritz Carlton� in Berlin, and was also attended by about 100 representatives of German companies and officials in the ministries of economy, health, transport and money German.
House constitute a new committee for the selection of the draft law of oil and gas
Friday, September 28 2012 08:16
Twilight News : revealed to the Commission on oil and energy in the House of Representatives, Friday, for the formation of a new committee to the selection of a draft oil and gas law, excluded that this committee will reach agreement on a draft law.
The decision of the Commission on oil and energy denominator Mohammed Mchkta in an interview with " Twilight News "that" the first committee formed failed in its so a committee was formed again, which will start its work in the near future. "
The Mchkta pointed out that "the new committee composed of deputies representing the political blocs, as well as oil minister in the federal government and the Minister of Natural Resources in the Kurdistan Regional Government."
The Mchkta added that "the meetings of this committee will be under the supervision of the Presidency of the Council of Representatives to choose one of the three drafts of the law of oil and gas, or mix them and agree on a final version of it."
Lower central bank sales of dollar
09/28/2012
Radio Sawa : Sales fell CBI dollar today to 241 000 225 thousand dollars. were sales stood at bank auction of foreign currency yesterday 244 000 078 thousand dollars, and a stable exchange rate was 1166 dinars per dollar. explained daily bulletin issued by the Central Bank that the demand for the dollar Today distributed by two million and 225 thousand dollars was sold in cash, while the estimated amounts sold form of remittances at about $ 239 million.
http://www.iraqdirectory.com/DisplayNewsAr.aspx?id=21134
Parliamentary Service Commission is an expanded meeting of the convergence of views on the law of infrastructure
Friday, 28 September 2012 07:44
BAGHDAD / obelisk: Committee announced that parliamentary services, Friday, in order to prepare for a meeting includes influential political blocs in order to bring the views on the Law of the infrastructure in order to pass it.
The Chairperson of the Committee Vian outsider's "obelisk", "The political blocs tried to enter some modifications in the text of the law and this is what makes the vote be postponed," pointing out that "the committee is working on preparations for the convening of a meeting of the political blocs influential to resolving the tension on the Law of structures infrastructure and convergence of views to pass. "
The intruder pointed out that "the time of the meeting will be next week," indicating that "the text of the law was Elastic is clear and bears more than explain and this is the main point of contention."
Arrest of film producer abuser Messenger
Friday, 28 September 2012 03:58
Announced the Public Prosecution Office in the city of Los Angeles U.S. arrest of Nicholas Basile Nicola film producer abuser for Muslims "patent Muslims" and that caused the wave of angry protests across the Islamic world.
subject Nicholas to investigate to see whether violated the terms of conditional release him after he was released from prison where he was in 2011 on charges of financial fraud.
records indicate the court to prevent him from using the Internet or use a pseudonym without the approval of the officer responsible for monitoring.
has not been subjected Nicola arrested previously because of the content film that caused the wave of violent protests extensive in the Muslim world.
Kurdistan's Real Estate Market: A Bubble About to Burst?
September 28 2012
Majid Mohammed Amin appears frustrated, waiting for a "miracle" to rescue him from the stress of his life. Although he uses his muscles to build houses for other people, Amin and his four-member family do not have a home of their own.
As a day laborer, Amin has a limited and unreliable income. If he is lucky, he might make around 500,000 Iraqi dinars (approximately US$400) a month; he has to pay around 70 percent of that to rent.
He has not been able to pay his rent for the past two months, leading his landlord to threaten to kick him out. This has brought him a lot of worry.
"He now wants me to move out," said Amin. "If I can't pay this month's rent, I will have to leave."
Economic Advisor Estimates Baghdad Owes the KRG Trillions
September 28 2012
Based on a recent agreement between Baghdad and Erbil, the deferral government has agreed to pay governance costs to the Kurdistan Regional Government (KRG).
KRG officials say this payment by Baghdad is long overdue and that the deferral government owes the Kurdistan Region trillions of Iraqi dinars.
Although the central government is required to pay the KRG's share of sovereign expenses that include 12 sectors, it paid only the expenses of four: food, medicine, census and pilgrimage.
Abdulkhaliq Rafiq, an economic advisor for the KRG Ministry of Finance, said, "From 2005 to 2012, the share of the Kurdistan Region's governance budget was over 11 trillion dinars."
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The below posts were in our 10pm email
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[Soonerfan62] GOOD EVENING EVERYONE, BEEN A WHILE. I HAVE BEEN ASKED MANY TIMES IN THE LAST COUPLE OF MONTHS TO COME IN AND AT LEAST SAY HELLO BUT HAVE FELT LIKE THAT IS HAS BEEN MORE IMPORTANT TO STAY FOCUSED ON THE INTEL RATHER THAN CHATTING.
TALKED TO BILL TODAY (FREEWAY BILL) AND I HIGHLY RECOMMEND THAT EVERYONE GET ON HIS CALL SUNDAY BECAUSE IT WILL PROBABLY BE THE MOST IMPORTANT CALL EVER. AS FAR AS OUR BLESSING, I TRULY BELIEVE WE ARE AT THE END (FINALLY) AND ALL OF YOU SHOULD BE EXCITED THAT YOU ARE INVOLVED IN THIS JOURNEY.
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Sep 27 6:53 PM [cruiser] Good Evening all!!! Pretty exciting day. We had Iraq ask the United Nations for Chapter 7 removal. Anyone surprised? How come no one asked why they were moved up a day? They were scheduled to talk tomorrow. Also, Why did Iraq send their VP? Vp as in Vice President. If their VP is the Equavilant to the U.S that would be really strange. Why would the PM or President show up for this Epic meeting, unless they knew the outcome.
Had to get their country ready a celebration???? Maybe? Then you have the VND situation with Wells Fargo. Makes you start to wonder what is going on. How come no one is talking about Spain and what happened there today. They took 3B in Euro from their Social Securtiy reserve (the people) and use it for cash on hand. WOW that is a problem. Tomorrow is their Bank stress test or results ( not sure ) But I think it is results. I think they are going to fail, since Spainards have been taking all of their cash out of the banks.
[grandmajudykay] cruiser What about VND and Wells Fargo?
[JLARSEN] cruiser HI! I missed what happened with the VND and Wells Fargo?.................
[cruiser] grandmajudykay JLARSEN there is no rate on the screens so they cannot sell any
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[bluwolf] ALL MUST GIVE THANKS WHEN YOUR BLESSINGS ARRIVES,,ALL MUST KNEEL TO THE LORD,,ALL WILL BE SURPRISE OF IT'S OUTCOME,,ALL WILL BE RELIEVE OF ALL BURDENS,,DECLARE IT IN HIS NAME AND PRAY IT IN..BLUWOLF
[Jeff] I hope you all just realized that Bluwolf just dropped a big hint right?
[Digs] Jeff ?
[buddydog] Jeff Amen!
[Jeff] buddydog lol you got it
[#2sister] bluwolf thank you sir
[SGD3] I don't see a hint..what am I missing?
[kids] For Bluwolf to come in so abruptly...to thank for our blessing
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9-27-2012 Enorrste: Based on the articles it looks that something serious will happen with their economy by January. The outside date for the value of the currency to be substantial, at least a dime, 25 cents, 50 cents, getting up into the Saudi Arabian numbers [1 Saudi riyal = 0.2667 US dollars] is Jan 1st.
A free float will get us there in 30, 60, maybe 90 days.
9-27-2012 Rileyjones: "Prime Minister Maliki will attend the conference first cultural Implementation and Follow-up Committee of National Reconciliation. Maliki said Iraq has achieved success in the field of national reconciliation in the clip time sensitive, and forgotten proud to is cohesion people and contain the attack on Iraq and the start of phase reaction through the process of building on scientific and objective foundations of scientific and objective foundations and contribute to the reform process of social reality."
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The Big Call at 6 pm CST - Foot Forward will attend
Please join us at 1-760-569-7676 169061#
Will be recorded 1-760-569-7699 169061#
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The below posts shaded in green
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Maliki: Iraq has achieved success in national reconciliation
September 27 2012
Prime Minister Nouri al-Maliki that Iraq has achieved success in the field of national reconciliation in the timing of time sensitive, explaining: What a forgotten pride is cohesion people and contain the attack on Iraq and the start of phase reaction through the process of building on the foundations of scientific and objective.
Maliki said while attending the Cultural Congress first in Baghdad: The roots of national reconciliation are the roots of humanity celestial known throughout the stations history, can not look at it being a product of human, which does not reflect the meaning that we disagree and then reconciled, but express the participants and acceptance of the other and dialogue with him.
Adjournment of Parliament to next Saturday for lack of quorum
Thursday, September 27 2012 14:56
Baghdad: Euphrates News: lifting of the House of Representatives its regular meeting, which was dedicated to the discussion of laws on the agenda, including payment on credit and legal amnesty.
The MP said the Liberal bloc Hussein Alwan told {Euphrates News} Thursday that "the House of Representatives normal adjournment today to next Saturday for lack of quorum."
Paul Abdul Ameer: Investment Conference in London on the banking sector will support banks and developed by
2012-09-27 10: 03: 30 Thursday
Baghdad (newsletter) : Finance Committee member MP/National Alliance/Paul Abdul Ameer, investment conference to be held in London on the banking sector will support banks and will develop, denying the reports to sell Iraqi foreign financial sector during the Conference.
Said Paul (News Agency news) on Thursday that investment conference to be held in London will have a positive role in the economic development of pre-Summit recommendations and resolutions supporting the Iraqi banking sector and how to develop it, well it will study all the banking problems and constraints to access to solutions to address them.
Parliament postpones vote on Infrastructure law draft for one hour September 27 2012 The parliament postponed voting on the Infrastructure law draft for one hour because some blocs have departed the parliament session in protest of the law. A parliamentary source stated to All Iraq News Agency (AIN) on Thursday "The parliament has postponed voting on the Infrastructure law draft for one hour due to the suspension of the MPs of the Iraqiya Slate and the Kurdistani Alliance for their attendance at the parliament session which resulted in the lack of quorum." Earlier, a parliamentary source stated to AIN that the parliament has postponed voting on the Infrastructure law draft till next Monday due to the lack of agreement among the political blocs over it. Click for Link
Global Currency Wars In Full Escalation
September 27 2012
The worldwide currency debasement war has now entered a new and more deadly phase.
Central banks have escalated the combat plan to bring about the world's weakest currency for their individual countries. On the heels of the Federal Reserve and European Central Bank's promises of unlimited counterfeiting forever, the Bank of Japan announced last week that it would expand its purchase of Japanese Government Bonds (and other assets including equities) by 10 trillion Yen. This brings the latest round of BOJ intervention to a total of 80 trillion Yen!
The sad fact is that the developed world's central banks are in a desperate battle of one-upmanship. The ill-founded goal is to wreck their currency's value in relationship to other fiat currencies in order to boost manufacturing and stimulate economic growth. But once again these central bankers have their economics backwards.
A weak currency that is caused by printing money cannot create a more competitive market for a country's exports because it increases the cost of goods sold in terms of the domestic currency. Central banks reduce the value of their currency by lowering interest rates and boosting the money supply.
Is the US Government Now Borrowing Entirely from Itself?
September 27 2012
Most people would puzzle over this question. How can anyone borrow from himself or herself? That's logically impossible for any of us to do.
The federal government, however, operates by different rules. The US government can borrow from itself because the Federal Reserve, a branch of the government, simply prints new money and then buys the government's bonds with the new money. If private individuals did this, it would be called counterfeiting, but governments get away with it.
The government has borrowed from itself ever since the Crash of 2008. By now the Fed, that is, the government, owns more US debt than anyone else, even more than Japan or China. And this excludes what the government holds in its phony social security trust funds. This just counts debt bought by the Fed.
The Governor of Dhi Qar: 200 families covered by compensation of terrorist operations and military errors will be distributed next month
2012-09-27 18: 43: 42 Thursday
Dhi Qar (newsletter) : The Governor of Dhi Qar that next month will see the distribution of compensation of terrorist operations and military errors to 200 families covered in the County.
He said a top aide to Governor precious Cheetah (News Agency news) on Thursday that the Governor called Hassan, said that 200 families from Dhi Qar governorate covered by material compensation as a result of terrorist attacks and military errors, adding: that will be covered next month.
http://www.ikhnews.com/news.php?action=view&id=57704
The Currency Experiment Has Failed
September 27 2012
In 1971 President Nixon closed the window that allowed US Dollars to be sold for gold owned by the US. Just before that, the price of gold was $35 an ounce. Since then gold has been called a 'barbarous relic', a term used in an earlier era by Keynes, the famous economist.
From that time on, the world's currencies stood merely on the confidence their governments engendered and the control they exercised over international financial dealings of all kinds. That confidence lasted until 2007 when the credit crunch brought government financing on both sides of the Atlantic into question.
Up until now the performance of the underlying value of currencies has hidden these questions as exchange rates are adequately 'managed' through swap arrangements to stabilize exchange rate movements to the extent that violent moves don't happen. But the real value of currencies in terms of their real solvency is now a matter of open debate. As of now, relative to the amount of gold available to markets, the price of gold is the only measure of value that currencies can be held to. We look at that and look at the conditions that are determining the value of currencies now and in the future.
Prime Minister Nuri al-Maliki will attend the conference first cultural Implementation and Follow-up Committee of National Reconciliation
September 27 2012
Information Office of the Prime Minister said Prime Minister Nuri Kamal al-Maliki said Iraq has achieved success in the field of national reconciliation in the clip time sensitive, and forgotten proud to is cohesion people and contain the attack on Iraq and the start of phase reaction through the process of building on the foundations of scientific and objective.
came through the presence sovereignty and sponsorship today Cultural Congress first established a monitoring committee and implementation of national reconciliation at the National Theatre in the presence of a gathering of writers, poets and artists. and sovereignty: The roots of national reconciliation are the roots of humanity celestial known throughout the stations history, and can not look Alliha being product humane, a Search Engine Optimization meaning that we We disagree and then reconciled, but express the participants and acceptance of the other and dialogue with him, and the law is the one who takes his role in stopping the assault on the rights of others.
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Contact Us
Dinar Recaps
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About Us
We are Iraqi Dinar Investors who Tweet and blog the latest Dinar information gathered from public forums, chat rooms, and blogs. Our Blog posts are e-mailed in this Recap Newsletter.
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