NEWS, RUMORS & ARTICLES
7-28-14 Millionday: IT WOULD MAKE NO SENSE TO HAVE GLOBAL BANKING WITH MASTERCARD WITH NO REALITY RATE IN PLACE BECAUSE IT WOULD NOT BE COMPETITIVE OR MAKE IT IN THE MARKET FOR IRAQ --- THEY HAVE BROUGHT IN MASTERCARD AND AFTER THE FEAST THEY WILL BE USING THE PAYMENT CARDS FOR CITIZENS. Comment
7-28-14 Tlar: IMO Kap has missed something along the way. I hate to keep quoting the 2008 strategic study commissioned by the CBI but it concluded that far back that Iraq with its resources in 2008 could support 1.13 dinars to 1 USD.
The reserves were sitting at around 30 billion at the time (not the 100 billion they are today), and they were producing 1.5 mbpd (not the 4 mbpd they are today).
No gold had been discovered as of yet and the CBI did not own any gold then (certainly not the 120 tons as it does today.
Their was no relationship with BIS with deposits in the billions being made into BIS, and they did not have the other assets reported to be 180 billion which includes the DFI had not been released and earmarked for the CBI due to the fact THEY HAVE BEEN RELEASED FROM CHAPTER VII.
The point I am making is what's changed from 2008 when it was determined back then the currency was worth 88 cents per dinar and the plan was to RV the currency per Shabibi according to the strategic study? I will tell you.
Assets, and more assets, and some additional assets. Added altogether and if it were ever to be published on their stinking website, it is: 100 billion in foriegn currency reserves, 120 tons of gold 82 billion released early last Oct-Nov which I think because Maliki had stated he was going to get the money, Turki deposited in BIS, and the additional 180 billion the US just stated was being released in the US of property, financial instruments, bank accounts and DFI funds.
Somebody please tell me again how is it that a country that is this wealthy cannot RV their currrency? Remember their neighbor next store Kuwait, has less the 40 billion in their reserves and only produces 1.5 mbpd (the same as Iraq back in 2008) and has a currency worth $3.48 USD per dinar?
What is he missing? What am I missing? By the way Kap banned me because we did not see eye to eye on this exact subject and because I could not swallow his float theory. Comment
7-28-14 Iraqi News (Ahmed Hussein): Badr organization supports INA nomination of next Prime Minister.
Baghdad (IraqiNews.com) Badr organization headed by the Transport Minister Hadi al-Amiri, announced its support of the Iraqi National Alliance’s right to nominate the next Prime Minister.
The First Deputy Secretary General of Badr organization Abdul Karim Younis stated to IraqiNews.com “The Iraqi National Alliance was the biggest bloc in 2010 and formed the previous government and it is still the biggest bloc.”
“There is a mechanism within the INA over distributing the key posts such as the PM post where we are adherent to the INA over nominating the PM post,” he concluded. Article Link - Comment
7-28-14 wilbur g: Can't say about PBX but massive market indications today suggesting something big may be popping tomorrow. Comment
7-28-14 Omegaman: INTEL UPDATE: Tomorrow the new prime minister takes office in Iraq and the RV will be announced and the TRN will go live; unconfirmed report; but imo this is the truth and PBX SHOULD be tomorrow - so how does 9:00 p.m. Pacific sound?
Carden: I CONCUR with you! I'll know more tonight but tomorrow is looking mighty fine. Comment
7-28-14 Stage3Alpha: INTEL SNACK (7:00 PM EST): MT760'S ON DECK!!!!!!!!!!!! Comment
7-28-14 Tlar: It is amazing to what lengths these guys will try to go to. Their new battle plan is to say now that the document they signed along with Maliki saying the NA is the largest block, is a forged document.
I think the document they all signed stating the NA is the largest block was most likely signed a while back at least a month ago. At the time it probably meant nothing to the SOL or Maliki because they figured that having 95 MP'S they controlled the NA anyway so there was no reason not to sign it...They never dreamed that this document took total control out of their hands and would be used against them and essentially turned the tide.
This document has turned out to be the crux of their downfall. Now that's what I call crossing the T's and dotting the I's and great foresight. Last night was their 28th and Wednesday our day is the day after their 3rd night?
EID will be over this Wednesday and they can get back to work? Comment
7-28-14 RANSOM: Eid al Fidr starts about today and ends in three days ... hmmm then the 31st what a great day to announce the new PM and a Thursday...to RV....wouldn't that be nice! IMO. Comment
7-28-14 BGG: Article quote: "...A source from the National Alliance, the four-way meeting was held yesterday evening between the head of the National Alliance, Ibrahim al-Jaafari and Parliament Speaker Salim al and Fuad Masum, President of the Republic and the President of the Federal Court Medhat al-Mahmoud to discuss the biggest bloc in parliament..."
This article is saying al-Jubouri, Massoum, Medhat al-Mahmound and al-Jaafari met and decided the NA would be the ones to form the next GOI – not the SLC singularly. It goes on to say (translated) Massoum will call the NA to proceed later this week (essentially – based on the Eid al-Fitr timeline). HUGE NEWS turn out the lights Maliki - the party is OVER!! BGG Blog
7-28-14 SkiRacer: Leaving the Workplace.
Caveat: I am not a professional in anything that matters on this site… not financial manager, not attorney, not CPA, etc. I merely offer opinions or summaries.
Is Your Future Solid Financially?
It takes far more to retire than one might expect. Over time inflation takes a big bite out of an income stream. IF ( not likely) our inflation rate remains at about 3% a year then in 20 years your buying power is only one third what it is today. That is not going to cut it.
You can plan your own retirement or get a professional. Either way you need LOTS more than one 25K dinar note will yield. IF you do not believe this, ask a grandparent how they have fared over time.
So don't quit that job without a replacement income stream. Make sure you have replaced the income flow BEFORE TAXES and that it is flowing regularly. This will take a few months or a quarter at least. Don't forget to include:
Retirement matching funds contributions
Paid vacation time
Healthcare savings account contributions
There are many sites that will help you calculate what you need. Just google Retirement planning calculator. An easy one is found at BANKRATE.COM.
Where Will You Spend Time?
What do you plan to do with all your spare time? Getting up, working out, eating get old and boring after a while. Have a plan. Spend time developing it.
Your TO DO list before Resigning:
Move your 401K to an IRA. That takes both time and effort to set up and make happen.
Shop for new healthcare coverage. You need it and it isn't cheap. And the new rules make it harder to find it except in "the enrollment periods."
Give up to 3 weeks notice, depending on your position and job. The others aren't leaving so don't make it harder on them that you are.
Make sure this CE is done, signed, sealed, and delivered. Make sure you have positioned it for the replacement income stream and that you have verified it works and is totally in place.
If you are young you need to set up a retirement plan.
That means that some money needs to be set aside so it grows conservatively and steadily so if anything goes belly up you will still be able to retire and not need to return to the work force when you are 54. Comment
7-28-14 Papajack: The devils mad and I'm glad!!!!!!!!!!!!!! A lot of good stuff floating around out there today!!!!
The light is starting to shine so we should get some real info soon. That being said it's not over until we are walking out of the bank but things are looking positive for us.
I was told the ZAP post was right on, HINT, HINT!!!!!
It looks like things are moving off top dead center if you know what I mean. Get ready for the rules of engagement to come out so have your ducks in a row and be careful. That darn jet is circling around somewhere. Comment
7-28-14 wmawhite: Two to three weeks ago I thought Maliki still had a chance to survive this. However, with al-Sistani speaking up and calling for a change, many within the SoL now have jumped ship using al-Sistani as cover. I believe Maliki is history. Comment
7-28-14 Stryker: Good Monday to All. Just a few things before the Webcast Info:
New Post Button
In the next few days the technical programming department will have a new way of view the post on the NEWS POST Button that is located on our toolbar. Many have complained about the post not being there when they return and after they had not read the all ion the visit before but this will fix all that. You will be able to choose how many days of post you would like to keep in there so to view later. Thanks for your patience on solving this issue.
Maliki & the State Law Coalition
OK, the next item. We will see all kinds of crazy stuff come out of the State Law Coalition and Maliki before the National Alliance formally announces their nomination for the Prime Ministership of their chose so take most with a grain of salt.
STRYKER WEBTV TODAY
Kurd Oil Tanker Unloading in Texas
The Timeframe to Seat the New GOI
Webcast Today: 3:00 PM CST
Watch it LIVE GO HERE
Playback Links & Comment Thread: LINK
A New GOI means a New Monetary Policy for Iraq.
Stryker Blog – Comment
7-28-14 TNT TONY CC (Notes by Adept1):
Replay 805.399.1500, PIN CODE 409029#
Tony: Good morning, TNT! Today is Monday, July 28th, 2014. Again, we didn’t expect to be here, but here we are. Hopefully this is our very last call.
DC: God, I pray!
Tony: We are going to start this call off a little bit differently. It will be a very short call at this point. I wan to thank people all around the world, in all the countries that participated. I especially thank the gentleman who says Pam should not be under the bus!
Things are great. DC will have all the answers today! DC, try to explain where we are. It was great, great weekend with a lot of meetings, and people seeing eye to eye. WE are now in that perfect position we have been waiting for.
DC: Good morning! East to West. Everything looks really, really good and I pray this is the final thing. In Iraq, they are very busy with last-minute agreements. My take is they’ve had the PM now for many weeks. They’ve had most of the cabinet ready for weeks as well, with just a few positions not quite filled. They have been taking time to add those on, and it’s helped. The folks the PM is listening to and choosing have solidified his support, and also added to the position hat he is a moderate who will listen to all sides. He is taking counsel while making his own decisions. He’s listening to the right folks, consulting and with lots of communication in all directions. This helps to solve any differences or unrest caused by M and his group all this time. That has built up strong support for him. A lot of the religious leaders are happy. The security situation is going well, too. Many who joined the ISIS are now part of the system and the process, and that is good for getting Iraq on its feet again.
The CBI is ready with representatives from all major countries. Most Iraqi department heads are there, and not to enjoy the heat.
Tony: WE know the Speaker and the President, and they had meetings with the top religious leaders and also political leaders.
DC: Yes, and the former PM also talked with the President and they have a good relationship.
Tony: He met with the old PM and the new PM, who has been assigned his security guards, is that right?
DC: Yes. Take a step back for Iraqi purposes, and also see where Iraq is coming from. Remember, Iraq had a very high currency rate and bustling economy through the 1980s, with a good lifestyle for the Middle East at the time. For a dictator, the economy wasn’t bad. Then Saddam Hussein came in and made everyone miserable. The country is now coming out of the doldrums and it will be amazing to watch as they take their place in the Middle East and in the world. Everyone is here for the RV and the dinar, but it’s also great to watch the process and progress of the country.
Tony: There is a date, a time and a final plan. Everyone has agreed. We’re there. That doesn’t mean it’s in the next 15 minutes, but we’re there. In Iraq, they have met with the incoming and outgoing PM, they have a PM ready to be announced.
DC: The UN Security Council is happy with the ministers, and the progress being made. The IMF has helped broker the time on that, and the US administration is also onboard, supportive and helpful. Everyone is back onto a timeline and ready for that. A lot of people are ready to let bygones be bygones and move on. Other times we have been exited, but this is different. We have to get here in order to go further. We have been here before, but this is a different level of commitment. We’re grateful they have chosen to do that.
Banks are ready. Everyone is ready and exhausted. My wife pointed out to me this weekend that everyone in this process is now exhausted. I talk to people on the phone all day, and they are all exhausted and frustrated—from the most senior, powerful people down to little old me, plus Tony and the intel team. We’re all exhausted, frustrated and angry. Now it’s kind of broken free, and everyone’s saying “Thank God”. We can see the end in sight and it looks like we’re going to nail it. It looks really good.
Tony: Let’s start Q and A. We’re exhausted – DC, me, Pam – we so want this over with. Everyone at every level wants this over with, including the Iraqi people themselves. We are just waiting for money; they are waiting for freedom of life and movement, the ability to have breakfast, lunch and dinner with some food left over for tomorrow. They are looking forward to having electricity and running water. This is more than money in a bank account for them; they’re waiting for a whole new life. So while we have been waiting for all the good we can do with this, we should appreciate their life in their country, too. You cannot be mad at a whole country because a couple of idiots got it wrong. We need to see that these are good, honest people doing the best they can with what they have, and it’s more about them receiving a whole new way of life, rather than us being able to buy cars, houses, planes and all the rest. Of course, we look forward to doing good things as well. But it’s not just about us, and they have suffered a thousand times more than we have. To the Iraqi people, I say thank you for that. Some are in fear of their lives, with their doors kicked in and computers taken, because they have helped up. I say thank you to you, and to those in DC who risked their careers to help us. WE appreciate all of you who wen through this process – and TNT members as well. You’ve got to go through it to get to it, and if you do get through to the other side, this experience will benefit you for the rest of your life. It’s the people, the learning, the relationships, being able to look at the news and see what is really going on.
I really, really want to thank our Mods, all our Mods throughout the years that I have ever been associated with, on all the sites. The part you did was important to get us here where we are right now. Those who couldn’t continue, your part was also important. I also appreciate the members in TNT and on the other boards. I know the frustration got to some of you, when you are not used to politics and global issues, and it was a struggle to believe all that. Hopefully we help the entire world grow through our humanitarian projects. Hopefully it will be a great day and a great, great week.
513 caller: [appreciation]
Tony: The boss (Pam) called me yesterday. People are planning post-RV gatherings, which is fine if you have known them for a while. I have to caution you against giving your name, phone number and email address to people you have met on the internet. Be cautious, because those people will know your status from this time on. Some will add you to lists that they sell. I’d rather you err on the side of caution. Just because they are TNT members doesn’t mean that you should trust everyone. I am not responsible for what happens if you do.
903 caller: Is this going to November?
Tony: Yes. Is that okay? <joke> We won’t talk to that number again.
212 caller: I have a question about the bank contract if you want the contract rate. If there are any clauses or language inside that contract that would cause you not to sign, what would those be? What would you do under those circumstances?
Tony: If it is in there, we won’t be able to come back and tell you about that because we’d be under NDA by then. If I were AT a bank, and the language made me uncomfortable, I would either change it or I wouldn’t sign it. I wouldn’t do anything under duress. You should take a lawyer with you if necessary.
DC: Never sign anything you’re not comfortable with. The nice part of being American is that we don’t have to! What’s the downside here? I have a contract rate that will give me an insane amount of money, or an international rate that will make me comfortable. I read the NDA, and it was very straightforward: don’t talk about to anyone, don’t write a book or make a film. If you know you are going to talk, don’t sign it!
The clauses I would look for, just for myself, is simple: do they follow the rule of law? In your state, is some appointee going to make the decisions? I don’t trust that. I’ll be exchanging in Texas, and if they follow all the law in Texas, that’s fine. If not, I won’t sign it. Also if there is an issue, how is that adjudicate? If someone says that I have been talking when I have not, how is that worked out? If I violate that agreement, it’s on me. People think they can tell their sister, brother, uncle further down the road, but NO! It means you cannot discuss it with ANYONE. If you can’t guarantee that, don’t sign it.
Caller: I am not asking about the NDA, I’m asking about the bank agreement.
DC: I heard there are two agreements, and the bank contract is very straightforward, saying that you will exchange with them. The latest version is that you will pay 2% as your fee and after that, you can do whatever you want with your money. They will not retain any. They WILL try to sell you banking products, of course. You have to find out if their invest-ment style suits you. If you are not happy with the investment vehicles, make sure you can withdraw your funds in a timeframes that is comfortable to you. Find out what the penalties or fees will be to get your own money.
Caller: So you are saying there are no timeline lockups?
DC: Let’s look at annuities – you have a minimum time period or you have a pretty hefty fee. Usually it’s five years. You give them a chunk of money and they give you a monthly income. As long as you know that, you’re fine. You don’t put all your money in that basket. You just have walk through what you are comfortable with.
Caller: Here’s my dinar; I want to exchange it for dollars, and have 100% control over my money. Will there be restrictions on that.
DC: You should have full range to do that after you pay your 2% fee, yes.
717 caller: About donations, I have attempted to make donations to the TNT site, and I think at one point someone said something about a PO Box?
Tony: I never set up a PO Box because it’s too much trouble and I thought PayPal was easier for everyone. Ray has passed on some that came to his PO Box. PayPal have changed their system so that you can just make a donation, instead of ‘friends and family’.
Caller: I wonder how many besides myself would find it easier to send a check.
Tony: I thought we were getting ready to be over, so it didn’t seem worth setting up a secondary system. I really believed that! Pam has asked me so many times, but I said nobody wants to do that because this is getting ready to be over!
Caller: When you were on PTR, I sent $15 per month; now we are getting good information here and it’s been hard to do that.
Tony: If it doesn’t happen and we have to pay for next month, then I’ll et something up. I truly believe we won’t have to worry beyond Friday.
Caller: The Las Vegas event is still on?
Tony: I would love to do all the events, and see all you guys; I just don’t know what is going to be in the NDA that I have to sign. I still have everything scheduled, but our NDA is something like 31 pages; I don’t know what they could say for 31 pages!! They’re telling me they don’t want me to do the events, but… I don’t want to be a politician or influence anyone, but I do feel you guys deserve to get together rand meet each other.
DC: I was trying to describe to someone how I feel in this process. I was raised by my grandmother who had pin cushions with a 1,000 pins in them, and that’s how I feel!
410 caller: Sounds like we are getting down to it. If you believe in it, Tony, that’s a big statement.
Tony: We’ve known for a long time who is holding this up, but there was nothing we could do about it. If we told you the names, that would just make them madder at us. We have always been here for the people. If you need us afterwards, then we can go full-fledged. All we can do is pass on the information, and pray… “Please, God, let this be it.”
Caller: You have been helping us all along, and you said that towards the end it would be crazy. All we can do is sip a drink and wait it out.
Tony: We shouldn’t have had Friday’s call and certainly not today’s call. We know the timing but we cannot tell you because people might jump on reserves and that could alter the calculations and the rates again. People are just waiting for forex to just jump on it!
Caller: The 2%, does that cover all the fees?
DC: Yes, that is all you should pay on the exchange. The banks will charge you for any investments they make for you, but that’s a different issue.
Caller: What is the best resource to find out what the tax rates will be? How will be find that information out?
DC: Have your tax attorney or accountant follow through on the tax laws. We have heard that this exchange qualifies you for long-term or short-term capital gains, but you will have to figure it out for yourself. Also, be careful that they can pass retroactive laws, so if there are pending court cases that might end up with you paying a lot more, make sure you have set enough aside to deal with that.
Caller: Is there some site we can look all this up?
DC: This is where we would love to have a Tony site to explain all this, but they won’t let us, so have your tax professionals look at it.
Tony: You will regret it if they levy the taxes and you haven’t set aside enough to pay them.
Caller: You told us to look at the bank screens to check we are getting the highest rate. Is there any reason why they wouldn’t give you the highest rate?
DC: That is my logic, too, but some folks think that they might take more in spread. But I believe that with this flat fee, they will try and get you the highest rate, because then they get higher amounts from you. I believe the banks are required to charge only 2%. Of course, groups can do whatever they want to.
Caller: I’m sure many of us are still in the workforce; will we be firing our bosses? I want to be smart about this, so what things should we set in place before giving in our notice?
DC: I have had this conversation with several of my employees this morning! Make sure you have the money, and you have it making money. You want to have income coming in first before you do something about your job. A million dollars is nice, but after taxes, how much is left, and what are you going to invest it in? Don’t just walk out that same day, PLEASE give them a couple of weeks’ notice. Otherwise, businesses might crash.
Tony: Make sure you have a way to replace that income first. The same people you see on the way up, you will see on the way down. If 90% are broke within two years, you might want that job back. So don’t destroy that going out… Keep life as usual while you get everything lined up with your investments and such. Some people will only make $450K and that is not as much as you think it is by the time you but your new car, your wife’s car and a few things for your kids. Think things out and look at the next 2-3 years before you walk off that job. Take a leave of absence instead, and be nice about it. Because they didn’t believe, there is no need to destroy their business. Be nice; be respectful.
DC: If you are young man, like you sound, what are you going to do with yourself for the rest of your life? A lot of people find retirement a challenge. What are you really going to do with yourself? You’ll have a lot of time, but to do what?
Caller: I don’t know how much longer we will have these calls, maybe you could present that question again. It was very informative to find out what our fellow dinarians intend to do for the good of their communities, the country and the whole world. I have business plans myself, investing in alternative energies, and also training as a life coach. I think a lot of us will need that so we don’t’ stray away with all this money. I intend to keep myself very busy. Also, Tony, condolences and prayers…
Tony: Pam set up a space on the Forum, and I know a lot of you want to sent flowers and such, and we are setting that up. My sister went to our aunt’s funeral and there weren’t many flowers, and she wants lots of flowers at her funeral. On a separate note, please don’t start threads in the room where you exchange personal information, though. I don’t want to be responsible for that.
815 caller: [appreciation] One thing we can say for sure is “who moved my goal post?”
Tony: They just had a good defensive play and moved us back. Now we have to move forward again.
Caller: Do you think those pushing the button had this timeline in mind from Day 1?
DC: No, this is a tactical day-to-day fight, changing the rules, what needed to be done, and everything else. Changes have happened constantly.
Caller: If the event does take place in Las Vegas, will that be limited to forum people or open to others?
Tony: Id on’t know. Eight thousand people signed up in two hours, and I’m paying for the whole thing as my appreciation for those who have supported us and an opportunity for you to meet and greet people who have supported each other over the last 2-3 years – the people who believe in TNT. The other four events are the same. Since Pam restricted people from coming in, we have some new people who want to come as well, and I haven’t given it a thought as yet. I cannot really decide until I see what the NDA says. I’d just like to meet people at these one-day event and Las Vegas which might be three days. Also, my guy at WF offered to do wealth training, and if so, I can maybe do that part, then the afternoon could be celebration, getting to know each other, etc. I still have to think about this, if we can do this.
Caller: I spoke to you a few months ago about buying or setting up a private bank. If you could send a PM to … or you can call me if you’d like information on that.
Tony: I have your information.
Pam says we have to go. DC has something he needs to do. We felt there was no need for a long call today because of where we are. We’re excited about all the meetings this weekend and we hope they live up to those decisions this week. The rollout dates have been settled, and we just hope and pray they will happen this time.
DC: I agree with what Tony said. We are on the edge because everyone is now committed and Iraq is ready. We are looking forward to watching Iraq grow. Things look phenomenally good and we are just praying ti will stay that way.
Pam: I want to thank my special friend in the sandbox for all his help and for calling me Pretty Woman. I want to thank all the Mods for all they have done, plus our transcribers and guest Mods. That has been very successful, and we really appreciate Jaybird and Daz for doing such a great job with that. We all thank you so much.
Ray: You’ve covered everything, so everyone enjoy your marvelous Monday.
Tony: I ‘ve been in OpenMike only a couple of times, but thank you for being there and supporting Ray, and all our Mods and all of TNT. Hopefully, this IS the last call of this nature, and the next call will be explaining how, when and where you go to the bank, with the 800 numbers. Enjoy the rest of your day; don’t get overly anxious, but know that something could happen this week to change the rest of your life. Comment
7-28-14 John MacHaffie: HOT RV INTEL –
IRAQ MADE THE REQUIRED ANNOUNCEMENT FOR THE PRIME MINISTER. CBI AND THE UST AGREED TO PUSH THE GREEN RV BUTTON. ANY MINUTE NOW!
REPUBLIC – IT IS ALIVE AND IN PLACE AS STATED BEFORE. AWAITING OFFICIAL ANNOUNCEMENT ALONG WITH EVERYTHING ELSE. GENERALS WITH THE ADMIRAL HAVE DONE ALL THE REQUIRED PAPERWORK IN HONG KONG, NEW YORK, RENO AND ATLANTA. DONE DEAL. BANKS ARE LOADED WITH TRNS THROUGH THE REPUBLIC CREDITS.
REPUBLIC – HEARING THE REPUBLIC HAS JOINED THE BRICS GROUP. BRICS ARE ALIVE AND OPERATIONAL TODAY.
RV – THE INTERNATIONAL IQD IS BEING UTILIZED IN THE STATES VIA THE KURDISTAN OIL DELIVERY AND PAYMENT IN TEXAS - YESTERDAY.
BANKS MAY BE CLOSED NEXT MONTH TO DO THE CHANGEOVER. PUBLIC EXCHANGES ANTICIPATED FOR TOMORROW, 29 JULY. BEEN A WILD ROLLER COASTER AND BE GLAD WHEN IT ENDS.
WATCH THE FOREX THIS WEEK FOR RESET. DINAR & DONG ARE SUPPOSE TO SHOW UP. GREEN LIGHT FOR GOING TO THE BANK
Easy way to keep up with the Forex Exchange Rates. Notice these are out of CDT with time posted:
IQD - Dinar at: http://www.barchart.com/quotes/forex/%5EUSDIQD
VND - Dong at: http://www.barchart.com/quotes/forex/%5EUSDVND
7-28-14 TerryK: THE OIL TANKER FROM IRAQ...THE QUESTION IS WHO ORDERED IT AND HOW MUCH ARE THEY PAYING FOR IT. IF IT’S TO THE US PART OF PAYMENT THEN I SAY WE ARE THERE. IF IT IS FOR PRODUCTION TO A PRIVATE GROUP I SAY WE ARE DAMN CLOSE. REMEMBER IRAQ OWES US SO MANY BILLION BARRELS RIGHT...PART OF THE AGREEMENTS. Comment
7-28-14 SkiRacer NOTE: I AM NOT A PROFESSIONAL ADVISOR, THESE ARE PERSONAL OPINIONS SHARED AND NOT TO BE RELIED ON AS PROFESSIONAL ADVICE....ALWAYS SEEK QUALIFIED PROFESSIONALS FOR ALL LEGAL AND INVESTMENT ADVISORY.
Caveat: We self-divide into groups that have different objectives. Mine are privacy, freedom, safety, and future both here and afterlife. This is necessarily colored by my life experiences, my expertise, and my personality. So I want to be upfront about that. I am not a professional financial advisor or attorney. I am just a nerd.
There are multiples levels of protections you will need.
Personal/Physical: Your family, home, privacy.
Electronic: online hackers, internet trollers, identity thieves, etc.
From obvious predators: Thieves, moochers, sales people, politicians, telemarketers, bankers, even various charities, etc. In short these are people who see you as an easy mark to hit up for money.
From Lurking Predators: The would-be victims, people looking to punish you because you are rich and they are owed, victims who sue for a living, party people looking for a sugar daddy, the gold digger deceivers who marry for money, in short the ambulance chaser mentality.
Your personality will dictate further protections that may be needed.
Anonymity is one of the best forms of protection.
Protect your Home & Family
Get a security system. Expensive does not mean the best, but it could. As a nerd I know how "stuff works" behind the scenes and this colors my view considerably, that's a caveat. It all comes down to either electrical currents or ones and zeros. Study various systems available and choose one that is the safest for assorted reasons.
Simply Safe, as an example, builds a system based on a wireless LAN of sorts. There are no wires a thief can cut, no wires to install, no limitations on positions or placement, no outside workers invited into your home, etc. It maintains connectivity to a central location via a dedicated cell phone system rather than a landline, which could be disabled by the experienced thief.
This makes it suitable for owned homes, rented homes, apartments, etc. It goes with you when you move totally easily. It is thus good for college students in a dorm situation, kids in their first apartments, the elderly, etc. The monitoring is even optional. On the other end of the spectrum you can get crazy and run wires everywhere and spend big bucks. It is all a matter of your life experiences, expertise, and objectives.
Get a Distant Mailbox. Pay for a new version of Post Office boxes, one with a street address and a suite number (i.e. the box humber). They cost about $12-15 a month and sign for packages, etc. Use this for any communication except personal. Choose one easy for you to get to so you will actually pick up your mail occasionally.
Get a burner phone. Why? There are no contracts, no records by cell companies, it prohibits even NSA monitoring that can be traced to you! You get to be anonymous. Trac Phone is an example sold at Target and Wal-Mart. You buy minutes as you need them. Use this phone number anytime you must provide one.
Have Self Defense. Why? The police will not get to you in time in most cases. Maybe it is a bat, a gun, pepper spray, a bug bomb, etc. But have something by your bed and near your kitchen, the two places you spend a lot of time. But have something!
Get a safe INSTALLED. WHY? It is the perfect place to stash cash, gold, jewelry, guns, important life-papers, computer backups, etc. Have it bolted to floors and walls. Make it big and heavy.
Set up an LLC. WHY? You can use the anonymity of that LLC to do charitable and political contributions for one thing. For another it sets up a shield of economic protection against lawsuits; the plaintiff can only go after assets in the LLC not you personally. That is huge. People own cars in LLC for that reason. People own houses in an LLC name for that reason. YOU get the picture.
Go to your state's website and search for LLC. They normally let you do it online. Once it is set up you go to the IRS site and get a tax id (specify you want the LLC to be a "disregarded entity" and you only need to file a Schedule C on your taxes. Now that money is not the object this may not be so important. Check with your professionals.) NOW the LLC has its very own ID, like a social security number, but it is not tagged to Y-O-U.
Be sure to use the Distant Mailbox and burner phone number! Y-O-U are not easy to connect to this LLC then.
Protect yourself electronically
Online. Do not post pictures of yourself or family on public sites. You would be AMAZED and awe-stricken by the facial & voice recognition software available today. There are also web-crawlers that can use an image to go seek other images throughout the internet, then start putting addresses and phone numbers with them. There truly are evil people out there and you must protect yourself. It comes from vigilance and a little common sense.
Don't use online banking except from a home LAN that is protected. Even then it is unwise. NEVER access your online banking systems in a public WI-FI environment, even a password protected one, in a hotel, or library, etc. NEVER.
Banks: Manage your bank accounts by moving money at the bank not online.
Debit Cards: Maintain VERY limited funds in a debit card-accessed account. Isolate this account if you must have it. Make it self standing and not part of any other portfolio accounts you may have. When you set it up use your Distant Mailbox, above, and your burner phone. Some people refuse to have one.
ATMs. Yes there are times you must use one. Be more responsible and don't go for $20 everyday. Instead, get a weekly amount in cash and use that for everyday small purchases. Choose a secure one, not one in a mall. There are remarkable devices that can be inserted into ATMs that read your card, capture your PIN, then BINGO, your money is a goner. Cash is not traceable. We have entered a very monitored system as citizens. You can opt out by using cash. You can even go to the bank (!!) and make a withdrawal for this weekly money, or keep a month's supply in a home safe. My ones and zeros expertise guide me to avoid ATMs and any sort of electronic banking.
Credit Cards. Set up one that you use exclusively if you do ANY online purchasing, which I also discourage BTW. THis card should use your new Distant Mailbox and Burner phone and should have limited money in the account. Online sites: Avoid those that keep your records, such as Ebay, PayPal, opt out of "joining any site" where they keep your information; remain a guest though it is inconvenient. Avoid Facebook with your real identity. If you do use it go to the SETTINGS and opt out of absolutely everything public; the default is completely public so anybody can see everything even if you do not so intend.
Watch what sites you frequent. It is not hard to physically locate an internet user for anyone with proper knowledge of how the internet works internally. And it is not complex really. Some sites are notorious, such as Yahoo.
Be aware of all the sites hacked in the past year alone: Target, Ebay, Chase credit card division, the IRS, Home Depot, Obamacare, countless others, etc. Remember Snowden. All the consolidation of data is not necessarily a good thing.
Mother Lode account: (see Lesson 2, Choosing a bank if you don't know what this is.) It is worth repeating that this account must not have electronic banking associated with it.
Absolutely no debit card (your PIN is only 4 digits, it is entered in countless places, any idiot can figure it out!…there are only 10,000 possibilities that an iPhone can run thru in an instant). Abso-positively-freeking NO debit card.
No credit card. While they are marginally safer, they open this account to multiple vulnerabilities. This is your Once-In-a Lifetime stash. Protect it with all you've got.
No pre-printed checks. This advertises to anybody you write a check to all the info to access the account, even the routing number! be smart.
PROTECTION FROM PREDATORS ( the not-evil ones, the annoying ones):
Anonymity is one of the best forms of protection.
Location and Connectivity
Use your Distant Mailbox: Direct them to a different physical location for their house-to-house sales calls AND all their junk mail. Be sure to use this for politicians as they are the worst; they routinely pass laws then exempt themselves from them. And they sell your name and contact info to anybody with a dime.
Use your burner phone: For all the same reasons. I helped design multiple call center internals and I hate telemarketer calls! There are tricks to fool the autodialers, but the best protections for landlines in cue they still have that number are:
Have an answering machine to screen your calls, meaning you never answer your phone. Pause in your recorded message after, "Hello (or Good day)." for about 2 seconds. It causes autodialers to route the call to the next agent. Then they get to hear the rest of your message. It also fools people who call you though.
Have a listed phone number that you give out to everybody.
Have another phone number you pay extra for that has distinctive ringing and that you only give to your family or friends.
Most companies we do business with these days have OPT OUT requests, but of course they make it difficult to do sometimes. But take the time to do it. Otherwise you give them permission to sell your name and ALL ACCOUNT information to all their affiliates, subsidiaries, third parties (whatever the heck that means!! ...the net just gets larger), etc. Big holding companies maintain huge databases and we have no idea how much information is in those. OPT OUT OF IT ALL.
Banks are notorious because they have a consumer division and a commercial division. The difference is we are the consumers and we need checking and savings accounts. BUT somewhere along the way under assorted deregulation laws banks may now be in the financial services industry, i.e. the brokerage and stock business. That is the commercial division. Banks historically have a lot of consumer expertise. Commercial? mmmm not so much in general.
Even commercial financial institutions have not fared so well of late. Remember Lehmann Brothers, Merrill Lynch, and the whole Wall Street debacle? yeah. Well, buyer beware. If their primary purpose is to manage funds and they lose them can you imagine what they are doing with IT (Information Technology) when it is not "their bailiwick?"
Insurance companies are another source of invasion of privacy. They have all sorts of info on you, like what special add-ons on your homeowners policy you have for that jewelry or artwork, or antiques or the whatevers you treasure. Then of course they sell that information to the highest bidder and all "affiliates, third parties, etc." again. Is it any wonder we have identity theft? OPT OUT OF IT ALL EVERY CHANCE YOU GET.
Charities are among the worst sellers of your information. Charities make a lot of money by selling their lists to "other affiliates and third parties" (those guys again!) I have quit donating in my name for this reason.
Use the LLC to make donations
Better yet donate to a Donor-Directed charity once and let THEM do your donations. It gives you another layer of privacy and anonymity. (See Lesson 4 on Taxation)
Politicians: Ditto for the Charity advice. NEVER donate another dime to politicians in your own name. BUT do support your causes please.
(Recreation tip for the slightly demented: Do a small donation to some politician or charity using a version of your name, like SJ Smith when your name is James Samuel Smith. Then trace it and see how many letters show up over the next 4 months addressed to SJ. This will prove the major industry of selling contact lists.) Old people get into too much mischief!
PROTECTION FROM LURKING PREDATORS (the evil ones):
Anonymity is one of the best forms of protection. These are the people who basically want to sue you because they tripped over a rug in your house, you opened your car door and barely hit their car parked next, or just because, etc.
Use your Distant Mailbox
Use your burner phone
Use your LLC to own cars and houses
Insure yourself to the hilt.
Get an umbrella policy for $5M that really does cover almost everything.
Up your car insurance a bit too to liability limits of $2M.
Up the liability insurance on your home(s).
The gold diggers (may also include long-lost relatives)
There will always be opportunists. They are the ones that marry for money not love. They marry the old guy or gal in hopes they kick the bucket soon. We won't change them, but we can avoid them.
Don't flaunt your money
Rent fancy cars if you want for the first year (a different one every weekend or month), but don't buy one right away if you are single. A small BMW is fine but not a Bentley!
Dont' buy rounds of drinks in a bar for strangers
Don't wear fancy watches to advertise your wealth
Find a soul mate that loves you first for YOU then introduce the idea of a Pre-nuptial agreement before the BIG day. Divorce is one of the costliest endeavors man has created. Protect yourself. "Sole and separate property" is a really good thing to research and understand, particularly in community property states. Comment
7-28-14 TNT DINAR CC: Today’s call is on time and should shine the light. DC will have answers. – TNT TONY #wearethepeople
1 pm EDT / 12 pm CDT / 11 am MDT / 10 am PDT / 9 am AKDT / 7 am HADT
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7-28-14 SKIRACER: TAX BASICS EVERYONE SHOULD KNOW.
Many of you have done your own taxes until now. Many have never done taxes. Many only do a short form 1040A. That is about to change for most in this forum. WE all need a CPA and possibly a tax attorney and an estate attorney (sometimes you can get lucky and find one attorney with both sets of knowledge, but that should not be your objective.) I can only address US taxes because it is all I know, sorry internationals.
There are some things about taxes we all must know to be responsible citizens. Even if you hire an accountant it is ultimately you who are on the line signing those tax forms. It behooves us all to understand the basics so we know when things could be amiss. The IRS is not very forgiving even though it is an asymmetric system.
Federal Income Types
The IRS broadly categorizes taxes based on Earned Income and Other Income.
Earned income is usually from a job, self-employment, an LLC you actively manage, etc. In other words it is income you obtain in exchange for your time and expertise. You will pay not only income tax on this income but social security tax as well. THis is sometimes also called Ordinary Income.
Other income encompasses sources like interest income, dividend income, capital gains income, gambling winnings, etc. It is all those things you get 1099 income statements for. You will pay income tax at a different rate from the earned income rate.
Capital gains are further divided into categories based on the length of time you have held the asset in your possession or gained full ownership (as in stocks held through a broker for example.) Short term capital gains are those held for less than 365 days. Long term capital gains are held more than 365 days. If you received your dinar or dong as a gift here is where the delivery of the gift becomes important.
In addition to differing rates on various types of income, there is a surcharge called the Obamacare tax that begins after your annual income exceeds $250,000 and it is a 3.8% tax. The tax rates can change frequently so they are a moving target sometimes. Many new tax rates were introduced starting in 2014. Some of these are the dividends rate, the long term capital gains rate, etc. Go to IRS.GOV and search for 2014 rates for the latest. Keep in mind that the rates can change as late as April of 2015 for 2014 taxes.
State Income Types
Most states do not want to bother with the complexities of devising their own complete systems, so they allow a taxpayer to extract bottom line numbers from the federal 1040 and associated forms and put them directly onto the state forms. Not ALL states do this, however, so beware of pitfalls. This is one reason why you need a local CPA.
TAX Due Dates
Generally your tax liability as an individual is due on April 15 following the tax year ending Dec 31. (YEs, you can have a different tax year, but then you already know the basics, so skip forward.) Note that I said TAX LIABILITY. Your taxes are due April 15 normally, but you can extend the filing of the forms until Oct 15 of the same year. However, you may NOT extend your tax liability. That means your tax payment is due on April 15. (Again, there are some weird exceptions, but let's just stay with the norm and basics.) Again, your taxes are due in full on April 15. Make a mental note as that is when the tax penalties begin and they are compounded monthly. It can turn into a real disaster in short order, so it is wise not to miss April 15.
The Federal government has discovered that many times people who owe a lot of tax cannot pay on April 15. This is targeted at self employed people, corporations, and people with large "other" incomes where withholding is not done automatically throughout the year. It is not an easy call as the rules are…. guess what?…. complicated! http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Estimated-Taxes But you can go here and read all about it from the horse's own mouth.
Here is an excerpt from that site regarding how much you have to pay in estimated taxes:
Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller.
Again, the tax liability will be so large for most of us that consulting a CPA is strongly advised. OR… you can just send in 50% of the proceeds. You probably will have overpaid, but there won't be a surprise penalty. These rules are onerous but a professional can help you. The IRS is not the one to choose to tangle with. Hire a CPA please.
The dates Estimated taxes are due are generally April 15, June 15, Sept 15, and Jan 15. There are penalties if enough is not paid per quarter. Note the dates are not evenly spaced. Of course there are other dates if these dates fall on a Saturday or Sunday.
And do not forget the States normally have estimated tax payments due as well. This is another reason you need a CPA if all this is news to you. If you follow nothing else, please get a CPA. BUT the silver lining, especially for Californians, is that the state tax you pay is deductible on the federal tax forms. SO be sure to pay the state tax, then deduct it from your total proceeds, then deduct your charitable contributions, then compute your federal tax, actual or estimated. CPAs know this kind of stuff, which is another reason you need one! LOL.
TAX RATES ON RV
There have been lingering rumors on tax rates, but nothing is in stone and or even in writing at this point. The safest thing is to figure on the capital gains rates for the dinar and ordinary income rate for the dong.
Rumors once said that if you take the lower contract rate the tax rate would be half of what it normally is for capital gains (whichever applies to you). If you take the higher contract rate the tax rate is as in the tax code. This could be very attractive to you. BUT this is all hearsay and it could change at any moment. If you take the worst case scenario you won't be caught without funds to pay the tax as that would be an unmitigated disaster for you.
In general you add up all your income, subtract your deductions, come up with an Adjusted Gross Income (AGI) then you start calculating taxes based on other info in your tax portfolio.
It is my sincerest hope that each of you will be paying it forward somehow. IMO the best choice is a donor-directed fund, which can manifest as a Community Trust where the donation becomes "donor advised." http://www.irs.gov/pub/irs-tege/eotopicm96.pdf The IRS condones these. It means you get to decide where the money goes each year, but you get the tax benefit this year when you have the income.
To summarize you get the write-off for the entire charitable donation in the year you make it. That is perfect for us because we will have a big spike in income this year and a much smaller one next year most likely. TO deduct anything off your taxes you must have INCOME to deduct it from. This year you will, next year? Maybe not.
So a wise taxpayer will get a big spike in income in 2014, then send a 10-15% chunk off to a Donor-Directed Fund, deduct that amount off your taxable income, and THEN start to calculate taxes owed.
For example, let us assume simple numbers. Let's assume somebody is going to get $10,000,000 from a dinar exchange and they bought the dinar 6 months ago and they are married. That means short term capital gains applies. As of 2013 the short term capital gains tax rate equals ordinary income tax rates.
Here are the seven tax brackets for tax year 2013: (2014 is still being tinkered with)
Married Filing Jointly, or Qualifying Widow
Married filing separately
Head of Household
$8,926 to $36,250
$17,851 to $72,500
$8,926 to $36,250
$12,751 to $48,600
$36,251 to $87,850
$72,501 to $146,400
$36,251 to $73,200
$48,601 to $125,450
$87,851 to $183,250
$146,401 to $223,050
$73,201 to $111,525
$125,451 to $203,150
$183,251 to $398,350
$223,051 to $398,350
$111,526 to $199,175
$203,151 to $398,350
$398,351 to $400,000
$398,351 to $450,000
$199,176 to $225,000
$398,351 to $425,000
So clearly the income is found on the last line, the 39.6% rate. So on $10,000,000 the tax owed is about 35% of $450,000 or $157,500 PLUS 39.6% on $9,550,000 = $3,781,800. This totals #3,939,300 tax. (note the tax is slightly less than this because of all the lower brackets, but this is just an example.) That leaves you $6,060,700 after Federal tax. Remember there is also state tax that comes out of this.
Now consider that you first pay 10% to a donor-directed charity so you can choose each year where to contribute and to how many places. Now you only have $9,000,000 to pay tax on because the $1M gift is deductible in its entirety. SO. 35% of 450,000 is the same $157,500. Now the tax is on $8,550,000 at 39.6% is $3,385,800 for a total of $3,542,800 tax. You net $5,457,600. Your $1M charity contribution only cost you $503,500.
What if you gave 15% instead? The $157,500 stands. Now you pay 39.6% on $8,050,000= $3,187,800. Your total tax is $3,345,300 and your after tax money is now $5,154,700. So by giving away $1,500,000 to start your contribution cost you $900,000.
This does not consider the Obama tax of 3.8% additional, nor any state taxes. Bottom line? You can give away a substantial amount of money in perpetuity upfront and it saves you taxes while it benefits others. Please NOTE that if you were to try to donate this money in 2015 instead, you will not likely get the deduction because there may not be income to balance it against, so you would lose it by default. So 2014 is the right time to do this.
I know of a Community Trust (Pikes Peak Community Fund) where they pay to whomever you wish, even international charities, and the destinations can be multiples and change annually. You are required to give 5% a year. The Trust invests the rest and the yield is used to cover your 5% a year so you may have set up an charitable investment to last in perpetuity. They charge a 1% fee out of the money you donated per year and they do all the tax forms for you regarding this. After a fair amount of research this is the best deal all around in my opinion.
Where your treasure is there your heart will be.
Charitable tax Considerations
Because the tax rate on the dong is always at ordinary income rates, the best place to make a charitable contribution is out of the dong proceeds. The dinar is to be taxed (supposedly) at capital gains rates or fractions thereof, so there is less tax advantage for the charity to come from these proceeds, particularly if you fall into the long term cap gains rates.
I have the nagging feeling I have forgotten something! YES, I forgot that the state taxes come off as a deduction before you compute your Federal tax, just as charitable contributions do. See last paragraph just above TAX RATES FOR RV for edits. At least Californians get some little break! Comment
7-28-14 Stage3Alpha: BRICS BANKING SYSTEM IS NOW LIVE & ONLINE AND IT IS 100% FULLY INTEGRATED GLOBALLY!!!! Comment
7-28-14 Tlar: Baghdad newspaper of integrity.
The head of the National Alliance, the Alliance is the largest parliamentary bloc in the House, he was announced in the media and in the presence of all the coalition parties including the State of law coalition.
Ibrahim Al-Jaafari said in a press statement that "the National Alliance is the largest parliamentary bloc, and not the State of law Coalition," and. Adding that he "is not named the largest parliamentary bloc during the first meeting of the Parliament", adding that "but we stood in front of the media, read a statement to that effect in the presence of all the symbols of the National Alliance, including the State of law."
I am posting this because of the importance of this. I am sorry if it is already posted here somewhere, but it is the crowning document being as al-Jaafrari is not just the head of the National Aliance but he is also part of the SOL (State of Law).
The three blocks within the SOL, Jaafari's block, Badr block and the DAWA have all announced they no longer share the same position as the leadership of the SOL.
They have by all definition defected as the SOL leadership continues to stand behind Maliki.
Although the DAWA, Badr and Jaafari's blocks don't amount to many MP's, their leaders hold a certain amount of prestige with many members of the SOL, especially the new members (40).
They are the crack in the SOL's chink of armor.
I would expect that were the NA vote held today, I feel it would be - Coalition comfortably over 100 and the SOL about 78 or less.
The task now is to get everybody in the coalition to decide on one nominee.
They have honed it down to three, two of which is Chalabi and Mahdi.
I think we should have a uniform vote by Wednesday at the latest and it is possible that Jubouri will call them back into session before Friday of next week. Comment
7-28-14 Stage3Alpha: Region of northern Iraq is preparing to amend the selling prices of oil source.
Attributed the vice chairman of the Committee on Energy and Natural Resources of the territory of northern Iraq, "Dilshad Shaaban," stop oil shipments to Turkey for two reasons, the first being, "the desire to organize a sale to foreigners better, because of the heavy demand for oil region, and the second, filling reservoirs in the port of Ceyhan in Turkey".
He explained, "August", the reporter Anatolia that the presidency of the natural resources of the region are preparing to make adjustments to prices, and regulate the export of oil from the region, pointing out that he will not be making any charging process to another time period.
The "August", that the position of the United States towards the process of transferring oil region began to change, saying: "The escalation of angry reactions in the recent period in the U.S. Congress, have forced the Obama administration to change its current policies, as Congress looks eagerly to the sales of the oil region, because of the Baghdad government cut the region's share of the state budget."
He stressed, "August", that the U.S. government would not stand in the day in the face of export region in northern Iraq for the oil, he said, adding: "the region was forced to export oil, and that the Baghdad government, which cut the region's share of the budget did not leave us another option.”
The territory of northern Iraq Moves (120) thousand barrels of oil per day to Turkey, before stopping shipping operations, and plans to reach the region amount to the end of the year (400) thousand barrels, and aims to raise it to a million barrels a year (2015).
It does not take the territory of northern Iraq, its share of the amount (17%) of the general budget due to Iraq's cut the Baghdad government for its share since (7) months, so went the region and starting from the first of January (2014), to export oil in an attempt to get rid of its financial crisis.
The Prime Minister of the Territory, "Nechirvan Barzani," stated that they will (17%) of the proceeds from the sale of oil, that enters the rest in the budget for Iraq, in the time that is not enough where the (17%) of the budget, the province, which pays the salaries of a million, and (400) thousand employees, due to be affected by the crisis, which began throughout the country, due to the attacks of the "Islamic state".
He also announced Finance Minister region of northern Iraq, "Mohammed Rebaz", last Tuesday that they will remain all oil revenues from the region sold by Turkey, in the Territory's budget in order to fill its needs. Comment
7-27-14 TerryK: WORD I GOT IS ALL IS DONE, DONE, DONE AND WE ARE TO SEE THIS EITHER TONIGHT OR BY TUESDAY. Comment
7-27-14 Stage3Alpha (EXOGEN): THE KURDISTAN OIL TANKER UNLOADING IN TEXAS RIGHT NOW (LIVE TRACKING). THE KURDISH OIL TANKER UNLOADING IN TEXAS RIGHT NOW IS SOME OF THE BIGGEST HISTORIC NEWS OF THIS INVESTMENT!!! THE KEY IS IT IS UNLOADING. THAT MEANS IT HAS BEEN PAID FOR. Link – Comment
7-27-14 Omegaman: According to the HK Platform director, we should get confirmation on bond trade to begin Monday; that is, we hope to; like the cheezemover states, Tues. looks good for PBX (PUBLIC EXCHANGE)...this would of course require the official release of the UST TRN's, via Jack Lew...will he ring the bell and be the man, or will he get his bell rung...and be the puppet boy...of O...and his Cabal. Comment
jeddric: When I saw the oil tanker go to Galvinstan TX, it seems that Iraq has gone international and article compliance east to west.
w8tn4it2rv : Jeddric your spot on! They are receiving international payment!
Frank26: FINALLY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
These tanker carry oil that IMO .......... Has an IR. (International Rate) Comment
You Can Not Have One With Out The Other!!!!
Like The First Chicken That Was Spoken Into Existence by The Ultimate Power…
The Powers To Be Are About To Speak The IQD Onto The International Stage,
That Will Give Life To The Political Game Going On In Iraq Right Now,
Just Like All The Political Games Played In All Countries All Over The World!!
With Out Money Any Political Game Is Worthless!!!!!
You Must Have Money For The Game To Mean Anything!!!!!!!!!!! Comment
7-27-14 Already Blessed: PLEASE BE CAREFUL NOT TO REQUEST OR SHARE PRIVATE INFORMATION ONLINE....YOU ARE GOING TO BE GAZILLIONAIRES...YOU HAVE TO BE MORE SECURITY CONSCIOUS ... PLEASE BE CAREFUL! Comment
7-27-14 ZAP: HERE IS WHERE PART OF THE LID COMES OFF. PART OF THE NEWS BLACKOUT IS OVER.
MANY MONTHS AGO MANY TRANSACTIONS IN REGARD OF HISTORIC BONDS, DINAR, DONG, OTHER CURRENCY, GOLD, GEMS, ETC WERE COMPLETED, AND FUNDS WERE GENERATED. THEN THEY STARTED TO TRANSFER THESE FUNDS TO THE PAYEES, AND ALL ATTEMPTS TO TRANSFER FUNDS FAILED.
NOBODY KNEW WHY, AND THERE WAS MUCH SHOUTING AND BLAMING EVERYBODY AND EVERYTHING FROM THE CABAL TO OTHER FORMS OF VEGETABLES TO THE WEATHER. BUT STILL, NOBODY KNEW WHY THE TRANSFERS WERE ALL BLOCKED.
THERE WAS GREAT SUFFERING TO THIS DAY AS PEOPLE LOST HOMES, FAMILIES, LIVES AS THEY WERE COUNTING ON THE PAYMENTS ON THE TRANSACTIONS.
NOW, MOST OF THE PAYMENTS WERE TO BE DONE IN THE NEW TRN. SINCE THE TRN WAS NOT READY, THEY ATTEMPTED TO TRANSFER IN USD AND EURO. NOTHING WORKED.
LAST THURSDAY, THE IMF ANNOUNCED THAT THE ADMINISTRATIVE BLOCK THEY PLACED ON THESE TRANSACTIONS WAS REMOVED, AND THEY COULD COMPLETE THE TRANSFERS IN PEACE.
THE CAT CAME OUT OF THE BAG.
WHY DID THE IMF NOT TELL EVERYBODY THAT THEY WERE PLACING ADMINISTRATIVE BLOCKS ON THE TRANSFERS? SIMPLE: IF THEY DID, THEIR DOOR WOULD BE POUNDED ON 24 HOURS A DAY BY PRINCIPALS, BANKERS, LAWYERS, AND BROKERS DEMANDING THEIR FUNDS BE RELEASED.
THEY WOULD NOT BE ABLE TO GET ANY WORK DONE WITH THAT NIGHTMARE, SO THEY KEPT SILENT.
THIS MEANS THAT ON MONDAY, ALL GLOBAL TRANSACTIONS THAT AFFECT THE GCR, RV, AND GLOBAL RESET SUCH AS THE BONDS AND UNCUT, ETC, WILL BE RELEASED AND PAID OUT. THE WORLD WILL BEGIN TO BREATHE.
HOWEVER, THIS WILL OCCUR ONLY NEXT WEEK. WHEN THE WEEK IS OVER AND THE MAJORITY OF THE TRANSACTIONS GET PAID OUT, THE SYSTEM WILL SHUT DOWN FOR A MONTH.
THIS CLOSURE (NO INTERNATIONAL TRANSFERS OTHER THAN NORMAL COMMERCE AND DOMESTIC BANKING) COINCIDES WITH THE ARRESTS OF THE CRIMINALS THAT HAVE RAPED AND PILLAGED HUMANITY FOR SO LONG.
THIS INCLUDES BANKERS, SENATORS, CONGRESSMEN, HEADS OF STATE, ETC.
THEY WILL NOT BE ABLE TO HIDE THEIR MONEY, OR MAKE BAIL.
WHEN THE SYSTEM RESTARTS, ALL MAJOR FUNDS TRANSFERS (OTHER THAN ESTABLISHED NORMAL COMMERCE) WILL HAVE TO PROVE THE PROVENANCE OF THE MONEY.
THE BAD GUYS WILL NOT BE ABLE TO, AND THEIR ILL GOTTEN WEALTH THEY COULD NOT HIDE, AND THE WEALTH THEY DID HIDE, WILL BE AN OPEN BOOK TO THE AUTHORITIES. GOODBYE BAD GUYS.
I CAN WRITE THIS BECAUSE IT IS FAR TOO LATE FOR THE BAD GUYS TO DO ANYTHING EXCEPT WAIT FOR THE INEVITABLE. IF THEY TRY TO HIDE THEIR MONEY NOW, THEY WILL BE IMMEDIATELY FLAGGED SINCE THE TRANSACTIONS ARE ALL LOGGED AND APPROVED FOR PAYMENT, AND THEIR TRANSFERS WOULD STAND OUT LIKE THE PROVERBIAL THUMB. TOO BAD, SO SAD.
THE PIGS ARE LAUGHING. Comment
7-27-14 Tlar: I think the time for immunity has come and gone for Maliki and his cohorts. It's kind of like Saddam when he crawled out of that hole yelling, "Tell Bush I am ready to negotiate."
He missed that opportunity then and It is my belief these guys have missed it now. It is the way of the dictator. He just can't let go.
It is my belief that when we see the new nominee from the NA announced, these guys will already be on an airplane. Their fate was sealed the minute Hakim put a coalition together consisting of 200+ MP's under the battle cry, "no more Maliki".
The only reason that it is not over yet until the vote in the NA is because of all the antics by these guys. Memories on some things are short. The memories surrounding these guys will go on for a long time.
Their lives will be changed forever once the vote is taken and a new nominee is announced. They will have to weigh the value. Was it worth the 8 short years of riches and power for their lives and freedoms? Comment
7-27-14 Mnt.Goat: Hi Everyone. I come to you today to give you a recent update on the election process and how this relates towards the international rollout of the IQD for Iraq. The news was so overwhelming and just pouring out of Iraq.
This is a time of great anticipation and expectation not only for our ability to finally exchange our IQD but also for the people of Iraq. They too have been waiting but a lot longer than we have. Don’t forget they had more than 20 years with Saddam and then that last 10 years of war occupation and Maliki. When is it all going to settle down for these people? When will they finally see some resemblance of peace and prosperity?
Could the Islamic Eid Al-Fitr holy day be the beginning of the end?
If you have not read my previous news letter from Friday 7/25 (LINK), I encourage you to first read it. Today's newsletter, as in all my newsletters, is a continuation of the ongoing saga of the IQD RV process.
Maliki is Still Persistent.
We have all by now heard that Maliki issued a press conference this week and lied about a judicial decision in that the State of Law Coalition having the right to form the new government. The judiciary upon hearing this news quickly dispatched a rebuttal stating it was not true and in fact did not even grant a hearing on the subject. Go figure!
Also recently the outgoing PM. Nori Al-Maliki requested a meeting with the recently elected Iraqi president, Fuad Masoum. In the meeting Maliki requested that the new president recognize the right of the State of Law coalition to form the new government.
Seems his game with the judiciary backfired so he has to try to convince the new president.
As you may know the president is the one who formally announces the bloc in parliament that will complete the government by selecting the new prime minister. So in short Masoum rejected this request from the prime minister. I have to add how ridiculous can Maliki be? Is he hallucinating? Does he not realize that rule of law does not have the constitutional right to form the next government because it is not the largest bloc in the House of Representatives? Does he not see the writing on the wall? Seriously, at this point in time I think the new Iraq leader and president are about to question the pure sanity of this man. Just my opinion.
Formation of a Larger Bloc
So now we see a major, major effort being undertaken to form an even yet larger bloc as defectors are now moving over to the anti-Maliki side. I strongly believe we will soon hear an announcement that a new alliance has been formed. An ever larger one incorporating the National Alliance and more. A “super” bloc. All of Sadr and Hakim supporters are now moving into this new bloc. Anyone who was borderline now is seeing the complete insanity being shown in the desperate effort to undermine the election process by Maliki and his goons.
Yes - we are witnessing democracy at its best taking hold. This is exactly the kind of stability and unity the USA has been looking for and it’s all very good.
I do believe this could be our recent holdup (all stalling) in announcing the new prime minister to the public. Basically I see the Jubouri and Masoum now want to dot their “I” s and cross their “T” ’s as a safeguards to ensure this outgoing PM does not stand a chance in hell of having a 3rd term. They also want to satisfy and unite the parties yet even more. Funny how the decent to Maliki is actually the driving force that is slowly uniting people in the country of Iraq. They also want Maliki to formally resign and put it in writing and this time also do it with conditions that are practical and acceptable. Gotta luv it!
Did Maliki Resign…. Again?
So today, Sunday July 27th, the outgoing Prime Minister Nouri al-Maliki presented a written resignation giving up the post of the Prime Minister of the presidency to the National Alliance. The document was a conditional abdication of the position of the Prime Minister. I do not know all the details and conditions and whether it was accepted and agreed upon by both parties. I can imagine there is some negotiating to do in this area and this may be also what is taking some time. We all know he wants amnesty and some sort of position in the new government. Personally I do not think he is in the driver’s seat at this point to demand anything.
I want now to also clarify questions some readers are having regarding some of my past newsletters when I stated there was a plot to possibly have Kurdistan break off from Iraq. Yes – I too thought it was hard to believe since the Kurds could have broken off at any time in the early stages of the government building process if truly they wanted to.
The advantages of staying a unified Iraq far out weight any decision to break off.
I stated this in my past news because this was the information I received and I believed it to be true and so passed it on to my readers. It was just a plot. It was not carried out. I also said (and some have selective hearing cause they do not follow up and read the rest of my newsletters) that the plot was not successful and the shenanigans Maliki pulled with the militants and the “national emergency” showed the world just how ruthless and cunning he can be to gain control of this country of Iraq. Think of all the chaos, the homeless people and killed civilians as a result. This recent militant takeover is all intentional and orchestrated by him. He will not stop an anything to get a 3rd term. We once again witness the attitude in last week’s persistence.
You have to realize the longer this election process takes the worst it is actually getting for him. He is digging a whole deeper and deeper away from support with each shenanigan he plays. So I hope I clarified this topic for the readers and I hope you will make a point to read all my news letters from now on since they are telling a continuing saga or story. There are also many other very good conference calls and information too that tell the story. Let’s just remember though there is no need for this hype every weekend without any facts to back it up.
So how much longer must we wait?
Well it looks like we might get the announcement we have been waiting for next week as I cannot see them dragging this on longer. All signs are showing this new alliance is forming very quickly.
The next session date announced by Al-Jabouri last week simply stated the adjournment of parliament is until August 5th. He did not mention that they would wait for the voting on the new prime minister till this session. This is important. Remember to their many bills over the last 4 years pending completion and final acceptance. Some already voted on and just need to be ratified to become law. The GOI has been holding them up. It is like Jubouri wants now to play catch up and get all this legislation enacted. He almost has to since much of it is dependent on the new budget and thus they can’t open the new budget either unless they can go forward with these laws.
This is why we have been reading so many articles about Jubouri meeting with Maliki to learn and understand the issues involved in the holdup. I got to tell you it is like 4 years have passed and nothing substantial has come out of that government. It time to play catch up and make up lost time to move forward.
This leads me to believe strongly that Jubouri intends to call in another session prior to August 5th if and when they get all to agree on the candidates for prime minister. I think the Aug 5th date is just the farthest out target date being that it is just 3 days from the 15 day constitutional limitation. In fact just yesterday (Saturday) Jubouri was in communication with Masoun and asked that he quickly announce the majority bloc and get the process of the final stages of forming the government underway – that of selecting and announcing the new prime minister. I sensed much urgency in this communications. This also leads me to believe they will not wait till Aug 5th session to take this next step.
This also leads me to believe that in fact, as of today, this is not a done deal as many are telling and making you believe. Today is now Monday. So where is the RV? Are you at the bank? Are you not tired of being put on this hype each weekend without backing up the intel with any real factual substance?
Oil Tanker in Texas
Let us also not forget about the full oil tanker soon to dock in port, destined for Texas USA. This tanker is full of Kurdistan oil (the one filled from Turkish ports). There is ongoing debate from Iraq that the USA cannot buy this oil from Iraq without permission from the GOI. Since Maliki desires to play political games with the Kurds he is refusing to give that permission. Until the new PM is seated he still has this power.
I believe he will try to play out this last card in his poker game with the USA for his one last shenanigan to try to force the USA to helping him gain his 3rd term. Baghdad has threatened to sue anyone that buys Kurdish oil. It will not work. The ship can simply wait in port until the new PM is seated. This is my opinion. However the situation does put pressure on the USA to assist to get the Iraq government formed.
USA About to Step Up Military Operations
"America insists on Maliki leaving in Exchange for military support, but it is not looking to choose the Prime Minister of Iraq and knows this would be a mistake". News from the USA government has said that “this is inevitable and the United States were responsible for ensuring that many of the Federal Constitution and supports the idea of a more flexible Iraq where Kurds and Sunni and Shiite Muslims the way they want."
As I said in my last newsletter I am also being told today that the USA is stepping up confirmation with the GOI on the latest military developments in Iraq. They are getting ready to support Iraq in its fight against the militants. Does this mean anything to you?
Remember I said when the PM is seated the USA will begin these operations. So can we be that close? Please put two and two together. The end is very near.
Last week I checked in with my CBI contact too and all is ready to roll out the final parts of the international rates to the world. There is very little for the CBI to do. They are just waiting for the “go ahead” from the USA UST and the IMF. Sure maybe the intent was that Iraq would in fact seat the prime minister last week and so we were all put on standby to RV in the USA, the CBI and the IMF but as I said many times before the USA played this game before many times in the past and will continue to pull the rug out from under the RV until the government is fully seated and stable. This is not the holdup just the controlling factor. All have been ready for months now. This does not mean they are going to RV. Yes - they have the power to do it since they control the final international rollout process.
So today’s news is all very good news. I tried to present the news so that you too can understand and see many of the pieces to this puzzle unravel as we see the final conclusion to this new government about to take place. There is enormous pressure to get the government fully seated and to pass the final Iraq budget, then RV their currency so they can open it and spend it.
We are seeing many articles recently about the lack of funding for government programs such as the retirement pay and food programs. These are programs loaded on their Qi Cards. Remember these cards? Can’t use them unless they are loaded. Can’t load them unless there is funding.
In the background we are seeing the building of yet a stronger, larger “super” coalition against the State of Law Alliance. National Alliance needs only a certain number of votes from State of Law to completely override any of Maiki's attempts to mess up the PM voting process.
I am now hearing that parliament will wait till after the Eid al-Fitr to complete the formation of the next government. This is not a rumor.
As you may or may not know Eid Al-Fitr is celebrated across the world as the day of breaking fast after the end of the Islamic holy month of Ramadan. This year for some Islamic countries it is celebrated on July 28th and for Iraq it will be celebrated on July 29th. Does this give us a hint when we can expect the vote to be taken for the new PM?
Remember too it is preferred for Maliki’s sake for him to resign voluntarily instead of being thrown out when the new PM is seated. So today did Maliki finally cave in and resign for good this time? I want you to know the reasons why he may not have left in previous resignations is that his terms offered were not accepted and so he declined later to resign. Will the resignation be accepted on his terms? I am hearing the negotiating is over but I do not yet know the outcome. Also could this be part of the timing delay this weekend?
There are many that say they want to roll this RV out by end of July. I too believe this is true. It has been stated many times since January that this is a target in many articles. Today is July 28th. Can they do it? They seemed to have missed most deadlines/targets in the past and always find a way to deal with the consequences. I am optimistic they will complete it this time. We are soooo close.
When this new bloc is completed I believe they will bring the nominee to parliament. The new president will formally announce what bloc is in control and introduce him to the world. We simply will wake up one morning and it will be done.
Then we all go to the bank.
I want to emphasize once again this final announcement of the IQD going international will not happen until the USA feels the Iraq government is stable, non-sectarian and is a functional government. This is has been the plan all along. They may have wavered a bit on how the plan was implemented but the overall plan guidelines have not changed.
Peace and Luv To Ya All. Comment
7-27-14 Adam Montana: We are nearing the end Ramadan, and I have feeling things are going to be heating up again real soon! Iraq in general is notorious for not accomplishing much during Ramadan, but this year was a bit of a refreshing change. Here's to good news soon...GO RV!!! Comment
7-27-14 Papajack: The BRICS are exposing the bad guys should good for us. Some say BRICS go live tomorrow we will see. I heard the only down side may be the Cabal stopping Dinar here in USA but they can't stop the VNN. It's called call their bluff.
In a nutshell the USA that is Cabal controlled is holding up the rest of the world for their master Lucifer. The BRICS banking system is going around the Cabal control but the system is so entrenched in America's US Corporate fraud that usurped our Constitutional Republic the GOOD GUYS have to go around our politicians here to get the reset done.
This change has been in the works for a long time, I'm told they have prerecorded TV programming that will explain everything to the American people. All will be done systematically and lawfully. It will be good for everybody.
Remember it took the Bad guys decades to rig the system so we have to expect it takes time to fix it. We get a window for HARVEST!!!!!
I believe in the BIG BANG theory, GOD says it, and BANG it HAPPENS!!!!!!! What a time to be alive, and we have a great crowd of witnesses. This is time they all longed to see.
Should be an interesting week. Blessings!!!!!! Comment
7-27-14 Skiracer: Your Appointment…
Making the Appointment
Once we get the 800 numbers from Tony it will mean the RV has finally happened. If you want anything but the international rates for either dinar or dong you must call the 800 number to make your appointment.
Info to have on hand for the call:
The call center agent will ask you for your name, your zip code, an email address, the number of dinars AND dongs you want to exchange, and the bank you want to use. Dial *67 before dialing the 800 number to prevent the call center from knowing your telephone number.
Each and every adult exchanging dinars will need their own private appointment. They are permitted to bring an advisor with them. You may not bring someone along who intends to exchange their dinar at your appointment and pretend they are your advisor. If you have an LLC into which you are exchanging, that is a new and separate name and requires its own appointment as I understand it.
The zip code you provide is the zip where you wish to exchange. If you are on vacation you likely will not use the zip code of your residence, but where you happen to be on vacation, or the zip code in a neighboring town where you'd rather have your personal business known instead of at home. Whatever your reason, provide the zip of where you want to exchange.
Your email address should be one that you will delete immediately after the exchange. The bank will want to keep in touch with you and be paid to sell your information to whomever is willing to pay. So protect yourself now.
You need to give the number of dinars AND dongs you have to exchange. We may get other instruction with the package that you need separate appointments for different currencies, but have the info tidy and available to "go with the flow" on the call if needed. If you and a spouse or child are splitting the dinars give the number you want to exchange at THIS appointment. There was some concern about only one appointment ever, but I think the UST has relented on that, but the full package will explain that definitively I am hoping. TO be safe you should probably report the maximum you might exchange so you are given to the proper level bank. (Not every branch has the same limits). We know nothing about CE Centers or if they even exist!
Ask the bank if there will be a bank contract to sign and if you can see it ahead of time to study it.
Ask what the fee will be.
Ask what the rates you will be offered will be. Know what to expect and press the bank for the highest one you have heard about in the package info.
BE prepared to provide a phone number if asked, but I advise you to give a throw-away phone number to protect your privacy.
Write down the appointment time, place, address, date. Verify it back to the agent. Then put it in your cell phone calendar, post on your fridge, put up signs and do not miss it!
Documents to Prepare for the Appointment
2 picture IDS, one being a passport or other proof of citizenship should you be asked. A birth certificate could also work.
Your bundles of dinar and dong. I suggest you bundle them by type of currency, where obtained (bring your Certificates of Authenticity if you acquired them from a dealer such as Sterling, a receipt if from a bank or FOREX, etc.) You do not need your gift letter; that is for the IRS to substantiate the date upon which you acquired the currency. I advise you to label each bundle, the amount of currency within, and ID each bundle. I used an Excel spreadsheet showing the "packet ID" (my made up ID to reference my spreadsheet line), proper number of currency type (e.g., 1 25000 dinar note or "50,000d #5-10,000 dinar notes"), when acquired, from where, what bank it is going to and the account number into which it goes, and what that account is for in the future (i.e., taxes, paying off bills, conservative investment, Mother Lode, charitable trust, etc.).
I advise against getting cashiers checks at this time. Just CE and go home and be calm. Go back as a regular customer to get a cashier's check or two when your adrenalin is quieter. IF you decide to get them now, make a complete list with recipient, account number, amount. YOUr bran will be muddled so have it all written down!
Blue pen so your signature on paperwork is identifiable as original
Reading glasses if you use them
The amount of cash you want to leave the bank with. I advise against $9,999 because it is not likely the bank will be able to have so much hard cash on hand, even if they are anticipating a huge demand. Be more realistic; maybe $1,000 will do, or $5,000?
Put all this into some kind of envelope or carrier. I used a Fed Ex because I had one handy. Some of you may need a briefcase! God bless you.
TO DO before Your Appointment but after making it
Get online and find out what the rates are internationally on FOREX, Oanda.com, CBI, etc. so you are prepared.
Call your chosen bank and ask their Foreign Exchange department what the contract rates are for US and China for dinar and China for dong, both high and low.
Make some decisions:
Will you take an advisor with you?
Do you need any "Proof of Funds" letters? If so in what denominations and how many? Remember you can move money to an account with checks and just pay things off via check. There may be a delay or hold on the check, but we are good at waiting by now aren't we?
DO you want to add "all rights reserved without prejudice" above your signature? Research that now and decide.
Know if you will allow your currency to leave your sight and under what circumstances.
Try to think about all the things that might come up.
I am worried about all the forms they want me to sign and they normally do it all electronically now. They shove the screen in front of you and say, "Sign here. It just says you are who you say you are." I do not believe a word of it. I ask for a printout of what I am to sign, I read every word, THEN I sign their screen after I have them initial that my printout is indeed what I am signing electronically.
Rehearse what you will say during your CE. Do it in front of a mirror to practice looking professional and "worthy." Plan what you will wear to the appointment and make sure it is at the ready (cleaned, pressed, etc.) down to the color of socks and jewelry. Make an appointment with your CPA, tax attorney, and wealth manager. KNOW what to do/ask if they suddenly present you with a rate half of what you thought you'd get. Practice your words and calmness. Behave with dignity but be firm. This is not the time for humor or jokes, but it IS the time to be premeditated in action. Make up a story for how you came to have money. It can be anything but the truth! "I had a long term investment that finally came through" is simple enough. Put that bottle of champagne into the fridge!
The APPOINTMENT ITSELF
Give yourself plenty of time to get ready.
Show up well ahead of the appointed hour so accommodate traffic, parking, moments to gather yourself, etc.
Know what you will and won't say (no idle chit chat, no jokes, no rubbing in your good fortune). i.e., be gracious and look like you know how to have money.
"I am here to do a currency exchange for my IQN (or VNN)."
Ask and verify the rate you will be transacting at. Ask to see the screen to see if there are higher rates available and ask for one if you see it!
"Please give me all of the account balance in cash and a receipt showing a $0 balance for these accounts." SO you do not mix non asset-backed funds with asset-backed funds in case this becomes important.
"Then we will do the CE. Then I want a receipt for the CE showing the new balance in my account."
"I have a list of accounts here where I will be depositing these funds. How do you wish to proceed?"
KNOW will you do if they tell you they are sending your currency away for a week
KNOW what you will do if they say their rate is $6 and you expected twice that.
Be clear and concise.
Take your time. DO not let them rush you through one of the most important business meetings you will ever have. Be patient, calm, controlled, and firm.
Read absolutely everything before signing it.
You will likely be given an NDA. Ask for a copy and stand there and read it carefully. Ask questions if necessary. Get them to sign & date the copy you will keep. Then and only then should you sign the NDA. God willing we will see a copy ahead of time after the package is released.
Then go home and open that champagne and welcome to your life of silence! Say a prayer of thanksgiving, for guidance, and for Tony and DC. Comment
7-27-14 Tlar: As I said yesterday the definition of what constitutes the largest block was at issue. It was important to make sure to the coalition that they define that as something other than the SOL.
Jubouri yesterday defined the largest block as the National Alliance effectively removing the power the SOL was trying to obtain through the courts by having them rule the SOL was the biggest block.
The National Alliance (Shia Party) consists primarily of two opposing groups, the coalition 83 MP'S and the SOL 95 MP'S. (State of Law)
The coalition wants Chalabi or Mahdi which are both acceptable to all Iraqi's and are non sectarian. The SOL leadership wants Maliki and has shown no interest in negotiating.
The NA ultimately will vote by secret ballot and if that vote were held today it appears by the numbers alone the SOL would win this vote and Maliki would be the nominee from the NA.
The problem for the SOL leadership is that they cannot count on their rank and file membership.
There is much dissension in their ranks with many outright saying they do not want Maliki whereas the coalition is in lock step and can count on all their members to vote for their nominee in locked step.
Yesterday three of the major components that make up the SOL announced that they were going to honor al-Sistani's call for no more Maliki and a change in government to an all inclusive government (see article below).
This puts them at odds with the leadership of the SOL and splinters their vote even more. It changes the dynamics of the vote leaning it in favor of the coalition.
The coalition need only get 15 MP's away from the SOL to vote with them, and this is over. If it were onlt 15 (I believe it will be much higher) the vote would end at coalition 98, SOL 80 and the coalition could then choose the nominee they want and take him to the floor in parliament.
This would effectively insure that the government is set with a non- Maliki government that is both acceptable to all and non sectarian.
It appears the coalition might have already acquired those defectors and are ready to go for a vote. (read article below).
If this is accurate and the coalition announces the candidate tomorrow that means they are assured of their numbers and ready to go. I think they will reconvene parliament before August 5th but that is for sure the outside date.
Things are moving very fast and things are not going Maliki's way. He is still fighting but becoming more irrelevant every day.
Side prediction - Maliki and the leadership of the SOL will be on an airplane heading to parts unknown within an hour of the announcement from the NA of their new nominee. Comment
7-27-14 Millionday: Report quote: "new Iraqi Parliamentary Speaker Jabouri, speaking at a press conference following Masoum’s election, called on the new president to “use his constitutional powers to choose a candidate from the largest political bloc."
SO THE PRESIDENT HAS THE CONSTITUTIONAL POWER TO PLACE THE PM FROM THE LARGEST BLOCK AND SEEMS TO BE REFERRING TO THAT TASK WITHIN TWO WEEKS.
(Do you think they will stretch this out 2 more weeks?) I WOULD SAY NO BY THE CONSTITUTIONAL STATEMENTS BUT WE CAN ONLY WAIT – I DO SEE A SPEED THAT WE HAVE NOT WITNESSED BEFORE WITH ALL THAT ARE IN PLAY -- LAWS -- ELECTIONS -- AND SO MUCH MORE -- IT IS AMAZING TO SEE AFTER ALL THESE YEARS.
Quote: “There are a handful of very capable leaders who may emerge as the next prime minister of Iraq. We’re going to have to see this unfold very rapidly over the coming days.” Comment
7-27-14 Chattels: Article quotes: "The head of the Iraqi National Alliance, Ibrahim al-Jaafary, assured that the INA is the biggest bloc and not the State of Law Coalition headed by the Premier, Nouri al-Maliki." "Habeeb al-Turfi, of the Citizen bloc assured that the Iraqi National Alliance is the biggest parliamentary bloc. Speaking to AIN, Turfi said "The biggest bloc is the INA due to its effect in the parliament and it will be able to nominate the next PM."
WOW! It seems clear now that President Massoum will designate the choice for PM made by the National Alliancethen that PM must form and seat a government/Council of Ministers acceptable to a majority vote by the full Parliament within 30 days after designation by the POR (President of the Republic). Comment
7-27-14 SKIRACER: CHOOSING A BANK and ACCOUNTS…
Banks are classified very generally by two different criteria: 1) amount of money managed (or deposited), and 2) services offered. There are "tiers" for each of these, which creates a good deal of confusion to call both "tiers." But there you have it.
It so happens that these two criteria often track one another. For example, banks that provide "services" like foreign exchange and wealth management typically are large enough to support such activities so they have larger depositories as well. So it is a sort of 2-fer deal sometimes.
It is the Tier 1 SERVICE banks that are our target. Of course we do not ignore the advantage 1) above gives us, but it is the Foreign Exchange (FE) service in particular that appeals to us at the moment. We wish to seek out a bank that offers FE services.
That means it operates its own FE division or department where currencies are verified and funded, even if not every branch has this function. This means personnel trained in FE work for this bank as employees. That means the bank has a vested interest in making sure FE works right. I like that.
Some of such banks are the Big 4: Bank of America, Citigroup, Chase, Wells Fargo. USBank may also offer these services in larger cities. HSBC offers them in San Francisco as best I know and I think BNP Paribas offers them in New York.
Banks that do not themselves offer FE services normally contract with the banks that do. However, that means that your dinar/dong will be in transit "inter-bank" via some transportation means, which may open the door for some funny business. It also could mean delays in crediting your account, from a few days to upwards of a week or so. In our case, Seller beware.
Tier 2, 3 and Community Banks
There are multiple banks that are not Tier 1 and are excellent banks. The safety of your deposit should be utmost in your mind. Pick a local bank that has 4 or 5 star ratings. Check the internet in your area by Googling "regional bank safety ratings [zipcode]." This returns pretty amazing results that I was not expecting.
A word of caution: One bank by a certain name in one area (zip) may be highly rated, but the same named bank in another zip may have a much lesser rating. This is because of past performance and likely the local management. So do your homework. And BTW this includes the Tier 1 Big-4 banks as well! This also surprised me.
FDIC INSURED BANKS
As far as I am concerned this is all bogus hoopla. It is not worth a dime. The FDIC has 99 years to pay you your money back, even the $250,000 insured amounts per signature on an account. Next, only 6% of all FDIC deposits are actually insured. If there is a run on banks, do you really think you will be in the 6%? Then you get to wait up to 99 years for it. So I recommend private insurance if you are worried, or don't be using banks at all.
As we've discussed FE is one important service. Another we might be interested in shortly is wealth management services. This essentially allows you to invest in various instruments (Pay attention:) offered by this bank, such as stocks, mutual funds, annuities, etc. So each bank has a specific tailored set of instruments it offers, compensates it employees for selling, commissions are normally paid to them, etc. So one must query whether such instruments:
are the best available on the open market
are selected based on the incentive to earn the commission or to put you in the right instrument
are serviced by the most knowledgeable individuals in such instruments
provide you with the most experienced possible persons, (or someone in training?)
what monthly charges will using said services impose? Are they fixed or dependent on the balance managed?
My own personal objective is to find the very best wealth manager I can who has a proven track record, is acting in my best interests and not their own, etc. I do not plan to use a bank for such services. I'd rather pay someone for performance rather than selling to me. Each of you will need to decide these matters for yourself.
So your dilemma becomes what you want in your bank. Is it full service, one stop shopping? Is it timeliness during the exchange process? Is it personalized service? Is it a full range of comprehensive wealth products? Is it being recognized and acknowledged when you set foot in the door?
If you know your objectives it'll make it more obvious which bank fulfills those objectives. Now is the time to ferret out those decisions.
Once you have chosen your bank it is wise to have your accounts already opened before you try to do your Currency Exchange (CE). Here are the accounts I recommend:
One account for dinars, due to different tax treatments
One account for dongs, due to different tax treatments
One account per currency type to sequester taxes for that dreadful day when your first Estimated Tax payment is due (Sept 15, 2014 we hope!!) (This may become more clear when we receive our packets for the RV from Tony et al. At one point the UST was going to track your asset-backed funds ad infinitum but I understood on 7/25's call that Tony indicated otherwise. Let's see if there is additional info on this. If you find it pls PM me and let me know and I shall update this.)
I shall refer to 1&2 as the "mother lode" accounts. These accounts will hold all your disposable proceeds from the CE, which is likely more money than any of us have ever seen. So here is my plan:
A. Neither Mother Lode account will have any checks printed for it, not have online banking of ANY kind, no credit or debit cards, no wiring allowed in or out, etc.
B. When I wish to access funds to move to "working accounts" where I do have checks printed, etc. I will present myself in person to the bank and do a withdrawal and deposit into a separate account.
C. I shall request that no low-level teller has access to the Mother Lode accounts. Only my personal banker is allowed to access it at the bank.
D. I shall severely limit the signature authority on the Mother Lode accounts.
E. I shall evermore refuse any "special high roller credit cards" of any and all kinds forevermore.
These merely advertise to anyone who gets it that you have money and you have now blown your cover of privacy. Ask yourself, "What would a waiter in a fancy restaurant do with a credit a card against an account KNOWN to have hundreds of thousands of dollars in it?" duh.
F. The jury is still out for me on whether these Mother Lode accounts will be interest bearing (IB). My dilemma is:
I'd like the minuscule income interest produces
I don't know if making them IB causes me to enter some kind of default contractual agreement with the bank wherein I am the lender for the bank and permits the bank to leverage MY money for their benefit and my detriment.
If non-IB accounts prohibit such usage.
These answers have not been easy to obtain, but it concerns me greatly.
Choosing a bank is a personal decision on many levels. Identify your objectives to help wade through the morass of choices.
BANK CONTRACTS and FEES:
At one time we were told the banks would have contracts for us to sign that would specify a percentage of the money that had to remain at the bank for some duration, such as 12 -24 months. I now think that has gone by the wayside and is replaced with a flat fee to be charged by all banks.
That fee is 2%, which is a whopping fee, and represents the profit the bank will get, less the small fees due to the UST. So the 2% should be the total fees you will be charged, payable to the bank out of the proceeds of the CE.
I do not feel shy about trying to negotiate this. I probably don't have enough dinar or dong to sway a reduction in this policy but some of you might. It is worth the try. Comment
7-27-14 BGG: Article quote: "Montadhar T نajem @MontadharN 4h Islamic Dawa Party announces it is supporting Sayd Sistani call to replace the PM position with new name #Iraq." That is MASSIVE NEWS. That is Maliki's inner circle saying they are done with him. I like the news right now... Period. BGG Blog
7-27-14 wmawhite: ...just keep in mind that once Iraq has a PM and will have a budget very soon...as a government they will NOT be able to function using the IQD unless the CBI steps forward and completes the monetary reforms. In other words, they are showing us their intended time frames...it is now serious for Iraq because they are not protected (financially) by the UN Security Council anymore. Comment
7-26-14 EXOGEN: There is absolutely no delay or holdup whatsoever. Things are going exactly according to the specific time constraints as outlined by the PTB via Kerry and Biden weeks ago.
We are still well within the parameters set by the AOP. We are actually 6 days ahead of schedule. All of the major players in Iraq, the United States and Britain are ecstatic about the speed and efficiency of the political and economic progress of the newly formed government.
The Maliki problem was dealt with by Jabouri and McGurk in a meeting with Hakim and Sadr the results of which will be announced shortly. They are also dealing with a major ISIS offensive which is being squashed in real by the PTB special ops.
The constitution stipulates they now have 15 days from Thursday to name their PM. This morning Grand Ayatollah Sistani said in no uncertain terms that Maliki must go one way or another for Iraq to remain within the specific time constraints of the constitution.
Their recent TV newscast have consistently reported to their citizens that the security threat is diminishing and the newly formed special committees will immediately ratify a budget in conjunction with the necessary laws to allow the CBI to initiate the necessary economic reforms up to and including the deletion of the zeros otherwise known as the revaluation of the Iraqi dinar.
Based on newly acquired top level intel, the new confirmed window for the CE/IR/RI/RV is Monday July 28th thru Friday Aug. 8th. Comment
7-26-14 Tlar: Jubouri has just declared the NA is the" largest block" by constitutional authority, not the SOL. That means all of the 178 members of the NA will vote together to pick the PM nominee. Now we are off to the races with the coalition picking off members of the SOL to vote with them before it is brought to the floor for a vote.
The coalition will come out ahead on this because they are in locked step whereas the SOL can't keep their members together. Many in the SOL membership doesn’t want Maliki either. All the coalition needs to bring this to a vote on the floor is 10-15 members of the SOL to vote with them. Once they are assured they have them we should see a vote. That way the coalition will control the outcome.
The NA, controlled by the coalition, will choose the new PM nominee. IMO this won't take but a few days. SOL – checkmate! Comment
7-26-14 wmawhite: I am happy knowing that the necessary events are happening in Iraq and they will never do the things they have told us they are going to do unless the status of the IQD changes. Comment
7-26-14 daz: OK....HERE'S MY ONE "GO TO" PIECE CONCERNING THE INEVITABILITY OF A REVALUE. IT SHOWS IN NO UNCERTAIN TERMS THAT THE DINAR HAD A RECOGNIZABLE INTERNATIONAL VALUE (STATED IN SDR'S ABOUT 70 CENTS LESS THAN US RATE) THROUGHOUT TRACKABLE HISTORY CONSISTENTLY UNTIL THE COALITION OF NATIONS BEGAN THE LIBERATION OF IRAQ. AT THAT TIME "THEY" DEVALUED THE CURRENCY AS PART OF THAT EFFORT...THEY TURNED THE MONEY OFF. WHEN ALL THE DUCKS ARE IN A ROW, THEY WILL SIMPLY TURN THE MONEY BACK ON AT A RATE ADJUSTED FOR TEN YEARS OF INFLATION. THE EVIDENCE AT THIS LINK IS SELF AFFIRMING: LINK Comment
7-26-14 MarkZ: There has been an info brown out in effect. That is a great thing though. Be patient. Comment
7-26-14 Mary Sherritt: LESSON 1: DINAR RATES AND CONTRACTS:
Background: Each country has a currency it uses for its citizens and government to transact business. The USA has the US Dollar (USD). Canada has the Canadian Dollar (CAN). Iraq has the Iraqi Dinar (IQD), Serbia has the Serbian Dinar, Vietnam has the Dong (VND), China has the Yuan, Mexico has the Peso, the new EU has the Euro (EUR), Norway has the Kroner.You will find areas of the globe that use a similar nomenclature for the countries there. For example many South American countries use a peso but each country has its own. North America uses the dollar but Canada and the USA each have their own dollar. Most Middle Eastern countries use the dinar, but each one has its own. So there is an IRaqi dinar, a Kuwaiti dinar, a Serbian dinar, a Jordanian dinar, a Qatar dinar, etc.
Asset backed vs Fiat Currency: The Iraqi dinar is different from other world currencies in that it is required to be asset backed. This is an attempt by the International Monetary Fund (IMF), the Bank of International Settlements (BIS), the UN, the US Treasury and everyone else you can think of (except the Federal Reserve in the USA!) to push world currencies to asset backed instead of merely a printing press (known as FIAT money). The USA used to be gold-backed until Nixon took us off the Gold Standard in 1971 because we did not have sufficient gold to back all the outstanding money. The USA is now a fiat-based system.
Exchange Rates and Spreads: Each country currency can be traded for a different currency from another country. There are published exchange rates, typically found on Foreign Exchange sites, such as FOREX, Oanda, US Treasury, etc. Banks will have their exchange rates as well. There are differences in the rates for which the FOREX (like you find at an airport) or bank will BUY your currency which are less than the Sell rate. The difference between the BUY rate and the SELL rate is called the SPREAD. This parallels the BUY/SELL philosophy of buying and selling stocks or mutual funds. Of course, in our case with the dinar we want the smallest spread because we are the SELLERS and the bank is the BUYER.
I doubt if the spread among banks will vary much as it is not in their interest to do so at this point.
IF you SELL Canadian dollars today, the Bank of America will BUY them for .8743 US Dollars. Thus you would sell one Canadian dollar and receive back 87 cents in US coins for the transaction. IF you offered to sell US$ because you wanted Canadian you would get $1.08 Canadian dollars back.
Here are the BUY / SELL rates for the Iraqi dinar today on Oanda:
Selling 1.00000 USD you get 1,160.56 IQD (so your dinars are worth something today even)
Buying 1.00000 USD you pay 1,171.10 IQD (this is what we will be doing but after the RV this rate will CHANGE!)
DINAR RATES: For about 3 months the rates have been kept ever so quiet. All I can do is remember the rates from months ago to report here. They are not likely to match the rates when the RV happens!! Those are the numbers you might find on FOREX when the RV occurs, or posted on Oanda, BofA, etc. THis is for examples only.
Iraqi Dinar international rate: $3.71 (this means when you present one dinar they will pay you $3.71 USD for each one)
Vietnamese dong: $2.10 (Again, you will get $2.10 for each dong presented)
History of Dinar: IN 2003 the world agreed to devalue the Iraqi dinar (which then was at about $3.40 or $3.70 US) to almost zero to prevent Saddam Hussein from squirreling away money that the international community had been giving IRaq. No bank worldwide would take the dinar any longer and still won't. The US and other allied countries accepted the worthless dinar as payment for freeing Iraq and paying for the war, knowing that one day the dinar would be valuable again and their countries would be repaid. The intent was to ReValue the dinar at some point when Iraq reached stability and had emerged from bankruptcy. Well all that has now happened. We just await the RV itself now.
Iraq via this ReValuation (RV) process will have asset-backed currency. Iraq has oil, gold, diamonds aplenty to support a substantial value for the dinar. The world is very interested in its oil reserves.
Dinar Contract Rates: Thus, the US and China have negotiated with Iraq that for each dinar they present back to Iraq during the RV (meant to help Iraq collect all the large notes that are outstanding worldwide that have been needed for the awful rate Iraq has endured for 10 years), that Iraq will provide one oil credit to that country at $32. This means that both the USA and China can obtain a barrel of oil for $32 while it is currently selling on the open market for over $100 a barrel. THis is a pretty good deal!
Enter the Citizens who own dinars. Bush's Ex Order 13303 in 2003 allowed not only the US GOvt to own dinar but the US citizens as well. However, that is not widely known. Only a select few know. Thus, they own dinar and will benefit richly from the playing out of the ReValuing of the dinar.
Dinar Contract Rates will have a high level and low level within each of the US Contract rates and Chinese contract rates because both countries want those oil credits. Remember the FOREX international rate will be about $3.71. Months ago the rates I was hearing were:
CHINA High rate: $36 Low rate: $32
USA High rate: $27 Low rate: $20
Why are these rates different? China is willing to pay more for those oil credits priced at $32 than the USA because buying a barrel of oil at $32 instead of $100 is a good deal and China needs the oil. So CHina pays us $36 for one dinar, buys a barrel of oil for $32, saving $68 on the market price of $100 for a barrel, then subtracts the $4 they had to pay us extra, netting $64 for China for each barrel of oil. It is not rocket science to imagine that China would be willing to pay more than $36 if it had to because it is still a good deal for China.
In the case of the USA, we have our own oil so we are not as desperate for oil. The USA would pay us $27 for a dinar, making $5 on each one since they turn our oil credit around and sell it to Iraq for $32; thus they buy a barrel of oil at $32 and make/save another $68 if oil remains at $100; so the USA makes $73 ($68 plus the $5 discounted purchase of the dinar) for each dinar the UST can gather to present to Iraq.
The object of the game is the same, each country is merely playing it differently: obtain oil for $32 a barrel from Iraq.
WHY THE TWO CONTRACT RATES? Because the USA is trying to make more money. If you take the higher rate the tax rate will SUPPOSEDLY be the capital gains tax rate, and remember the USA is offering to pay you $27 (or whatever the rate comes out at). IF you take the lower rate, the US Govt has SAID (CAUTION: no law is in place, it is merely words!!) that they will give you a tax break, plus it cost them less to buy the dinar from you and they make money both coming and going, so they can reduce your taxes.
International Rate vs Market Rate vs Contract Rates: The International rate above is about $3.71. That is a guesstimate. This will be the rate at which Iraq deals with the world, such as in paying for goods, etc. This will be the rate on FOREX and OANDA and the CBI (Iraq Central Bank), etc. Currencies are not normally taxed when converted. If you buy a currency as a stock then it is, but not if you present raw currency for trade. (THERE is some disagreement on this point).
Let us consider for a moment that the rule is currency presented is not taxed. Then you can present your dinar at FOREX and get $3.71 (less FOREX's spread). FOREX will present the dinar to the UST. Then the UST still gets an oil credit but this time having paid only $3.71 for it, saving over $23 apiece on this end ($27-$3.71). THEN the UST buys a barrel of oil for $32 making the oil pretty dang cheap! Remember it sells on the open markets for $100! So the USA makes $68 on that end. In total the USA makes $91 on this deal. So the rumor is there will be no tax if you exchange at the international rate.
The USA Is not stupid. They know they could give a small bonus to entice you to sell your dinar at a cheap rate and not the lowest rate to eliminate FOREX. So the USA is offering (last we knew) a Market Rate, which will be about $5 or $6. That still saves the USA about $20 apiece on this end. The tax situation has not been stipulated. SO in the end the USA still makes about $88 per barrel of oil at this rate. Comment
7-26-14 Tlar: Here is where we are…
We have a new (POP) President of Parliament - (Jubouri - a Sunni who has proven to be not only effective right out of the shoot but an excellent parliamentarian).
We have a new (POR) President of Iraq - (Masum - a Kurd with a great background that is to extensive to list in one sentence. So hear is a little about him,
And Mohammed Fuad Masum, Khadr was born in Koya in 1938, a leader of the Patriotic Union of Kurdistan (PUK), led by former President Jalal Talabani, is married and has five daughters, was educated in Al-Azhar University in Cairo, and received a doctorate degree, including in Islamic philosophy in 1975, a former professor at the College of Arts at the University of Basra, a lecturer at the Faculty of Law and the Faculty of Education at the University of Basra, too.
And infallible first prime minister of the Kurdistan Regional Government of Iraq in the early nineties, and the first president of the National Council of Iraq after the fall of the former regime, and the Chairman of the Board in writing the Iraqi constitution in its infancy, and one of the founders of the Patriotic Union of Kurdistan (PUK) in 1975, and has long experience in the field of political, social and cultural, a companion trail Jalal Talabani and very close to the political approach in dealing with the neutral position and all the Iraqi parties.
To finish this we yet need a PM.
Turki told us that he wanted to see the government situation settled. Here is his exact words: "The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country.”
The above is what we know has happened, so what’s happening next?
Jubouri has scheduled the next parliament to convene on August 5th because they have to sort out a problem.
The SOL has not negotiated in good faith and wants to nominate either Maliki or a puppet of his even though they know he can't win.
We know Maum will call the largest block to name their nominee. Jubouri is setting the SOL up to fail.
Maliki went to the courts day before yesterday to have them rule and declare the SOL as the largest block which would give Maliki the legal right to drag this on and on as the SOL would endlessly be putting up one PM after another and then another long period of time before that PM introduced his COM only to be voted down.
The SOL could have introduced one nominee every 15 days forever because they have 95 MP's.
He did this because he knows that the definition of "largest block" is the key to solving the last part of the puzzle to get an acceptable PM nominee that everyone can feel good about and he was trying to make sure that the control was in his hands and he could block any attempt for the coalition to present a nominee.
The courts would not rule on this matter and even though Maliki lied, claiming they had already done so, telling parliament the SOL was the largest block.
The courts who have over the last month consistently ruled against Maliki, put out an article immediately denying they had even ruled on it.
Jubouri gave a speech claiming that the definition of the largest block is the group that has the most MP'S. By this definition that group would be the coalition having over 200 MP'S consisting of Shia, Sunni's, Kurds and Turkmen.
Another approach by the coalition is to just destroy the SOL by a process of stealing their members that also don't want Maliki. 3 of the blocks in the SOL have shown a great interest in leaving the SOL because the leadership continues to insist on Maliki and they are not Maliki supporters.
There is a total of 178 MP's in the National Alliance and by definition they could be the largest block, Not the SOL. 95 of those are listed as SOL guys with the balance 83 being coalition.
It would only take 10 MP defectors from the SOL to undermine the SOL block and change the dynamics.
There has been a few articles showing that the coalition is already working both plans and Jubouri is redefining "the largest block."
The easy way would be to pull defectors. The other way using parliament itself might require a legal ruling.
As soon as this is sorted out which should be in the next few days, it is expected that Jubouri will quickly re-assemble parliament and the process to nominate a nonsectarian acceptable PM will be finished in one day.
Maliki will be officially out of a job. Either way it is my belief that this will be done before the scheduled date of the 5th of August for parliament to reconvene.
I am unsure yet of the outcome or which way will win out, but that's the hold up. Comment
7-26-14 Reuters: Iraq's most influential Shiite cleric urged political leaders on Friday to refrain from clinging to their posts - an apparent reference to Prime Minister Nuri al-Maliki, who has defied demands that he step aside.
Speaking through an aide who delivered a sermon after Friday prayers in the holy city of Karbala, Grand Ayatollah Ali al-Sistani said leaders should show flexibility so that political deadlocks could be broken and Iraq could confront an insurgency.
Maliki has come under mounting pressure since Sunni militants led by the hardline Islamic State swept across northern Iraq last month and seized vast swathes of territory, posing the biggest challenge to Maliki's Shi'ite-led government since U.S. forces withdrew in 2011.
Critics say Maliki is a divisive figure whose alienation of Sunnis has fueled sectarian hatred and played into the hands of the insurgents, who have reached to within 70 km (45 miles) of the capital Baghdad.
Sistani said it is time for politicians to think of Iraq's interests, not their own.
"The sensitivity of this phase necessitates that all the parties concerned should have a spirit of national responsibility that requires the practice of the principle of sacrifice and self-denial and not to cling to positions and posts." Comment
7-26-14 Soundoc: Just heard from nephew's banker: Says - "that all steps are complete and just waiting for his GM to announce that the appointments will start coming in. Expecting it to go Monday or Tuesday." Comment
7-26-14 Papajack: Good Morning everybody. How are things this morning? My computer has a mind of its own this morning. The bad guys are probably listening in on me, but they are going to jail soon I hope. They don't like it when you expose their evil ways. By now everybody knows where I stand, they run for cover.
I've been in this thing going on 7 years, it sure has been an education, and Okie has been in it longer than I have. Don't worry about interrupting me there's not much to say, everybody does their job to get the RV done and the Cabal always finds an excuse to derail it at the last moment so they can continue their Smoke and Mirrors conman games.
Here's one for you, when we are born they issue a Birth Certificate in all capital letters so they can say YOU are a corporation and under their corporate fraud and their fraudulent legal system so they can steal from you all your life. Then they issue a SSN so they can steal more.
But if they keep dumbing down the kids they can keep the shell game going. Their greatest fear is America finding out the truth. Keep this in mind when you exchange post RV, they won't suddenly just become honest.
You are most likely going to have to stand up for yourselves as most of our elected officials are on the bad guys payroll in both parties. Admiralty Law is the British legal system under the Cabal, that's why lawyers have to pass the BAR which means British Accredited Registry which is against our Constitution, again a deception but we were all born into the fraud.
These are just a few of the things the NEW REPUBLIC will change, we go back to the Constitution and the Bill of Rights that was hijacked by the Act of 1871. So for 143 years the bad guys have been scamming America.
Just think how different things would be if they taught the truth in our schools.
The reason we are still waiting is they are working to do away with the Cabal financial system we know as the Federal Reserve which wants to keep the fraud going while the rest of the world is trying to get back to an asset backed currency system. You see the FRN's are just paper backed by nothing but promises of the people we know we can't trust.
Thus the reason we need the TRN's so we exchange into the new system. The bad guys want the old system to keep going that is rigged in their favor known as the PETRODOLLAR which requires all natural resources worldwide to be traded in FIAT dollars. This is what the BRICS are fighting and why we need to keep an eye on them.
This is what the GOOD guys are working on behind the scenes on our behalf. I hope this helps you all know what we are up against in getting this adventure done.
I know all the delays are frustrating but when you know why the wait is more tolerable.
You don't want to exchange into a crooked system and have your blessings stolen the Good guys want the blessings to make the world better.
That beats the devil with an ugly stick.
We are on the winning side and history will prove it.
7-26-14 EXOGEN: The prime minister is already in place. Just like the Kurdistan BUDGET is COMPLETED! See the new President in IRAQ will make the announcement of the NEW Prime Minister. That is why it was so important to get the President seated for the process to WORK.
Most Iraq news articles are DAYS old. Our contacts in Iraq get us information before it becomes an ARTICLE. And if you do not have global FINANCIAL contacts you will not get what is going on with the BANKING side. Just like the 15 countries who just TRADED and used IQD 48 hours ago to save their ECONOMY or SEE rates on BANK Screens in REAL Time. WHERE ARE WE? DAYS LEFT!! Comment
7-26-14 Tlar: It is not over until it is over meaning a new PM nominee that is acceptable to all. This issue "largest block" is a contentious issue and I don't see it resolved yet until either the courts make a ruling or the SOL has enough defections come over to the coalition as to effectively change the dynamic within the NA to allow for the coalition to present its nominee.
That is why this may end up in the courts whether they like it or not. I hope I am wrong but if the SOL has the legal right to call the nominee, this won't be over for months if this year at all.
Ralph any article that states the Kurds are ok with Maliki being the PM nominee has to be a Maliki dictated article.
I put that article right up there with Maliki's declaration, "the courts have ruled the SOL is the largest block".
We know he is an habitual liar along with being a thief, extortionist and murderer.
I don't believe the Kurds would ever be ok with him nor would the Sunni's especially because of the extremes it has taken to get him in this position of losing. They won't quit now until he is gone IMO. Comment
9-26 Stage3Alpha: THE NATIONAL ALLIANCE IS OFFICIALLY THE LARGEST BLOCK IN IRAQ.
Fallujah News / Baghdad Shiite parties ... revealed a document bearing the signatures of the leaders of the most prominent Shiite 5 blocks, including Prime Minister Nuri al-Maliki, to confirm that the President of the Parliament enacted the National Alliance as 'the biggest bloc' will attend the first session of parliament.
The leaking of these documents, after days of modern mass parties of Prime Minister from issuing Judicial Council's decision is a coalition of state law, the parliamentary bloc of the most numerous, but a spokesman for the judiciary denied this.
Observers believe that the pressures of local and regional faced by the Prime Minister of the outgoing to step down from running for a third term and provide irreplaceable of his parliamentary bloc, paid a state law to seek legal interpretation of the new block are entitled to form the government, contrary to the decision issued by the Supreme Judicial Council in the 2010 elections. Comment
7-26-14 ARTHUR: ONLY A FEW DAYS LEFT FOR IRAQ PRIME MINISTER ANNOUNCEMENT.
There is absolutely no delay or holdup whatsoever. Things are going exactly according to the specific time constraints as outlined by the PTB via Kerry and Biden weeks ago. We are still well within the parameters set by the AOP. We are actually 6 days ahead of schedule.
All of the major players in Iraq, the United States and Britain are ecstatic about the speed and efficiency of the political and economic progress of the newly formed government. The Maliki problem was dealt with by Jabouri and McGurk in a meeting with Hakim and Sadr the results of which will be announced shortly.
They are also dealing with a major ISIS offensive which is being squashed in real by the PTB special ops. The constitution stipulates they now have 15 days from Thursday to name their PM. This morning Grand Ayatollah Sistani said in no uncertain terms that Maliki must go one way or another for Iraq to remain within the specific time constraints of the constitution.
Their recent TV newscast have consistently reported to their citizens that the security threat is diminishing and the newly formed special committees will immediately ratify a budget in conjunction with the necessary laws to allow the CBI to initiate the necessary economic reforms up to and including the deletion of the zeros otherwise known as the revaluation of the Iraqi dinar.
Based on newly acquired top level intel the new confirmed window for the CE/IR/RI/RV is Monday July 28th thru Friday Aug. 8th. Comment
Welcome to dinarupdates.com for news time with Millionday!
[millionday] HERE WE GO
[millionday] The document bore the signatures of the leaders of the most prominent Shiite 5 blocks, including Prime Minister Nuri al-Maliki about the rule of law, and Zia al-Asadi of the Sadr movement, and Bayan Jabr on the mass of the citizen, and Ibrahim al-Jaafari for the National Reform Movement, and Ammar Tohme alliance of virtue.
Commenting on the so eloquently said Abu tirelessly, a spokesman for the coalition of citizens, led by Ammar al-Hakim, “These papers, most recently at the site by all heads of political blocs within the National Alliance, proving that it is the largest block
[millionday] He said Abu tirelessly “There is no excuse for anyone site in this paper that the separated or cleaves the National Alliance, and who wants to do it, let it be clear to all people and Shiite Ahl al-Bayt in particular that the traitor is out for the National Alliance.”
And saw a spokesman for mass-Hakim said “this document signify the final of the President and the Parliament and the Federal Court is that the largest bloc of the National Alliance.”
[millionday] SO THE NATIONAL ALLIANCE IS THE LARGEST BLOCK AND LEGALLY SIGNED TO BE THE ONES TO CHOOSE THE PM
[millionday] IT ALSO FINALIZED THE PRESIDENT -- HUGE PRESENTATION
[millionday] BRB WITH MORE
[millionday] HERE WE GO AND SPEAKING FOR US
[millionday] A number of members of the U.S. Senate need to change Prime Minister Nuri al-Maliki, because of the difficulty in running a reliable security file and conciliation between the sects of the Iraqi people. Sen. Eliot Engel, in a hearing in Congress, said that al-Maliki missed an opportunity to complete a comprehensive reconciliation among all Iraqis, stressing the need to leave his post as head of government.
He added, “I have real doubts in the ability of Prime Minister al-Maliki, the Iraqi leadership to compatibility. In fact, the al-Maliki to leave as soon as possible. ” He said Senator bio Sears, for its part, that it is time that the Iraqis must move forward to choose a government that represents all Iraqis and serve.
[millionday] NOTE -- THIS IS THE UNITED STATES SPEAKING
[millionday] He explained that the Iraqi people alone will control the future and he alone will make the decision to change from al-Maliki. The exposure of President Barack Obama in recent weeks to pressure from U.S. lawmakers to persuade al-Maliki to step down because of what they see as a failure of leadership in the face of a rebellion displays his country at risk. He joined the senior officials in the U.S. government to a group of owners and critics blamed for error in the treatment of sectarian divisions.
[millionday] SO THE BLAME LAYS WITH MALIKI AND THAT IS NO SURPRISE BECAUSE WE ARE AMERICANS AND THAT IS WHAT WE ALL SAY SO WE ARE REPRESENTED IN EXACTLY HOW WE FEEL ABOUT IT
[viacuda] So if I understand, M is part of the SOL and the SOL is part of the NA? Correct?
[millionday] NO THE NATIONAL ALLANCE IS A PARTY THAT CAN PUT ANYONE IN -- THEY DO NOT HAVE TO PUT MALIKI IN AS EXPECTED
[carpet] Does that mean M is out with the National having the most votes?
[millionday] THAT MEANS THAT THE ONE PERSON THEY SAID THEY HAD DECIDED ON COULD NOT BE MALIKI --
[millionday] THERE WAS A REPORT OUT THAT THEY WANTED HIM TO BE VICE -PRESIDENT
[millionday] HERE WE GO
[millionday] THIS IS A HUGE HUGE ACTIVATION
[millionday] NOW TODAY WE SAW AT ROUNDTABLE THAT THEY HAVE ADDED SHELVES TO STORE BOX CARS AND TRAILERS FOR IMPORTS AND EXPORTS AT THE PORTS OF ENTRY
[millionday] Hussein al-Tamimi Tgb despite inter challenges facing the operations of the advancement of the industrial sector, but the industrial scene is able to give birth to specialists they desire large in the creation of their investment projects within the country in a serious step to achieve economic feasibility that develop all aspects of production and services.
competent Balchan industrial Muzaffar Jalal Abbas He noted that the industrial gap between Iraq and the countries of the developed world is great, pointing out that local expertise is able to be reduced in a short period of time, especially as the human
[millionday] NOTE -- THEY HAVE BROUGHT IN EXPERTS SO THEY CAN ACTIVATE THE ENTIRE INDUSTRIAL SECTOR
[millionday] resources in the country have high efficiency in most of the joints of the industrial sector. higher demand pointed to the importance of the work on the transfer of experiences successful World that can be adopted locally for the development of economic performance, especially that the country has the markets for various goods and global products and this is considered the most important elements of the success of the local industry, noting that population growth does the need for more domestic production, which in turn leads to address many of the economic problems
[millionday] NOTE -- THE ACTIVATION NOW OF THE INDUSTRIAL SECTOR WILL MOVE FORWARD THE ECONOMIC REFORM AND I SHOULD SAY HUGE SUCCESS OBVIOUSLY
[millionday] the most important provide the requirements of the local market as well as the expansion of employment opportunities for skilled and unskilled labor that can be rehabilitated in the industrial centers specialized.
food security and pointed out that food security is a necessity to keep the countries in Iraq should be to put it at the forefront of our priorities, stressing the need to achieve through domestic effort and here highlights the need for planning a high degree of accuracy where requires it productive industrially developed can rise through the industrial real who possess the necessary expertise and financial solvency,
[millionday] NOTE -- OF COURSE JOBS ON THE WAY
[millionday] which enables them to set up production lines world-class. production of vegetable oils Abbas indicated the presence of the experiences of successful investment in Baghdad as a Generation plant Mesopotamia to produce vegetable oils, which is the largest in the country, where the production capacity of the plant to 112 000 tons per year by adopting the best international technology, pointing out that this experience will open broad prospects in front of the investment process, especially as the equipment and production lines have been supplied from the best global origins specialized production lines factories vegetable oil.
successful experiment and between that this experiment investment is successful for the existence of a genuine desire to invest in the country despite the inter determinants that in the forefront of the routine, which require a long time,
[millionday] NOTE -- NOTICE HOW MANY TIMES THEY ARE TALKING ABOUT GLOBAL MARKET AND EXPANSION
[millionday] but the national effort preferred to be output locally despite the presence of facilities to set up a lab in neighboring countries or the region, pointing out that the company proceeded with the implementation of the project is keen to be the achievement under the supervision of international experience who will be brought in to set up the final stages of the project during the coming period.
Industries Development Abbas said: This lab encourages the development of local industry because it fosters a desire investment with the owners of private companies and lead them to go to carry out their industrial projects in various cities, especially as the demand continues to increase on the various products, noting that the project is a window of work for a large segment of the local workforce which provides in its first phase, more than 300 jobs in various terms of reference,
[millionday] NOTE -- UNDERSTAND THIS IS THE ACTIVATION OF THEIR INDUSTRY SECTOR WHICH HAS NOT BEEN ROLLING FOR MANY YEARS -- THIS IS HUGE
[millionday] as well as provide the requirements of the success of the industrial production, particularly the competencies that help employees to be able to carry out the work assigned to each of them.
private sector and considered that such experiences of successful industrial will work in all cases, to reduce the gap between Iraq and the field of industry global stirred up by dropping out of the world For several decades, indicating that local expertise is able to gain experience evolving rapidly and dealing with advanced technology and this is one of the positives of the advancement of the industrial sector. concluded his speech by noting that the activation industrial production helps to achieve food security for the country,
[millionday] >>>>>> which should be a priority for the local private sector, which placed upon him the responsibility of managing the economic file in the country and this is what the constitution passed after the transition from a centralized economy to a free market economy.
[millionday] SO THIS IS STATING THAT IT IS THE PASSAGE TO A FREE MARKET ECONOMY -- AND THAT MY FRIENDS IS VERY BIG
[millionday] OK BRB WITH MORE GREAT NEWS
[millionday] I WANT TO MAKE SURE YOU KNOW THAT THE KURDS HAVE AN OIL BARGE SITTING OUT IN THE WATER AT TEXAS -- SO VERY CLOSE TO A HCL AGREEMENT I WOULD SAY OR IT IS DONE
[millionday] The Oil Ministry announced on Friday for the exported quantities of crude oil and the revenue for the month of June, according to official statistics issued by the Iraqi oil marketing company SOMO A spokesman for the Oil Ministry, Assem Jihad, said in a statement today that “the total amount of oil exports last month amounted to 72 million and 800 000 barrels while the income earned 7 billion and 470 million dollars.”
Jihad and that “the quantities exported and the revenue for the past month from the southern ports in Basra stood at 72.8 million barrels and Baardat amounted to 7,470 billion dollars,” adding that “The Kirkuk oil exports via the Kirkuk – Ceyhan are parked because of the terrorist attacks.”
And that “the average selling price amounted to 102.6 dollars per barrel,” pointing out that “the quantities above were uploaded by the international oil companies that carry different nationalities of the 25 oil companies from the ports of Basra and Khor al-Amaya and buoys unilateralism on the Gulf.”
[millionday] AS WE ALL KNOW OIL IS GOING TO BE MARKETED IN A BIG WAY AND WE HAVE SEEN MANY REPORTS POINTING TO THAT
[millionday] The State Department on Thursday all but showed Iraqi Prime Minister Nouri al-Maliki the door, saying he had been particularly hard to work with.
"We had extreme frustrations with the Iraqi government, particularly over the last year,” Brett McGurk, deputy assistant secretary of state for Iraq and Iran, told the Senate Foreign Relations Committee.
[millionday] Then Mr. McGurk seemed to suggest Mr. al-Maliki’s days as prime minister are numbered. “They’ve created a new parliament, and through that parliament new leaders will emerge,” he testified.
“There are a handful of very capable leaders who may emerge as the next prime minister of Iraq. We’re going to have to see this unfold very rapidly over the coming days.” Military analysts have deemed Mr. al-Maliki a failure both in bringing Shiites, Sunnis and Kurds into a governing coalition, and in waging the current war against Sunni militants.
[millionday] Mr. McGurk, who was a diplomat in Iraq during the U.S. troop presence, also disclosed a big gap between how the U.S. and Iraq want to combat the Islamic State group — the Islamist group led by Abu Bakr al-Baghdadi that has conquered wide areas of Iraq as security forces have mostly fled.
Mr. McGurk said U.S. military officers advised the Iraqi government not to enter the Sunni stronghold of Tikrit, the birthplace of Sunni former dictator Saddam Hussein and now held by the Islamic State. “We have advised the Iraqis for example not to go into urban areas — lessons that we learned,” he said. “The Iraqis made a decision to go into Tikrit. We didn’t really support that decision.”
[millionday] Still, he said, the 700-plus U.S. military advisers recently sent to Iraq “have been embraced.” Mr. McGurk said he told Mr. al-Maliki, a Shiite, that his generals had been lying to him about advances made by the Islamic State.
The prime minister ordered a shake-up and fired a number of senior officers. Gen. Lloyd J. Austin III, commander of U.S. Central Command, is now in Iraq talking to the new commanders, Mr. McGurk said.
“Some of the tactics the Iraqis pursued, we totally don’t agree with,” Mr. McGurk said. “In fact, by moving in aggressively as we have over the last six weeks, will increasingly increase our influence over some of those tactics.”
[millionday] SO as WE SEE MALIKI`S TACTICS ARE NOT BEING EMBRACED AT ALL -- THAT IS FROM THE US
[slh5282] if they are moving oil and the HCL is not approved or done are they operating outside the scope of the law?
[graylnjo] Seems like I read all along the HCL required a reality rate or would trigger the RV. True or not??
[millionday] THE THING IS THAT THE RV WILL FIND THE HCL AND THE MARKET ENTRY WILL MAKE IT USEFUL
[millionday] THE LAW OF THE HCL PROTECTS THEM AS WITH ALL LAWS THAT ARE FEDERAL SO THE LAW BEING IN PLACE WILL REPRESENT WHAT THEY ALLOW AND WHAT THEY DO NOT AND FORCE THE COMPLIANCE OF LEGAL MARKETING AND PAYMENT AND TRANSFER ECT
[tarrog1] do you really think they`ll give M the vice presidency job? And if so, Would he still have immunity?
[millionday] IF HE WAS IN A POSITION WITHIN THE GOV THEY WOULD NOT PUT IMMUNITY ON THE TABLE YET -- I DONT BELIEVE HE WILL MAKE IT INTO THE POSITION BUT WE SHALL SEE
[lstar877] Ok so the rv is before the hcl? We must be on home stretch.
[millionday] WHEN THE RATES ARE SET FOR MARKET THE HCL WILL BE REQUIRED
[millionday] THEY WILL NEED THE LAW FOR THEIR OWN PROTECTION
[Smokey Mtn. Dinar] Can that oil barge near Texas unload it's oil without the Reality Rate?
[millionday] I DONT KNOW
[ROBINREDHED] Smokey Mtn. Dinar THEY DO NOT SEND OIL BARGES ANYWHERE THAT THEY CANNOT UNLOAD
[MichelleL] there are no facilities to unload an oil barge in Galveston, even though the ship has apparently entered the gulf, whats the possibility they're just bypassing us?
[jimplants] I believe oil is sold by the petro dollar so imo they can sell all they want
[Smokey Mtn. Dinar] robinredhed True.
[millionday] ROBINREDHED SMILE
[jimplants] dollar usd
[MichelleL] I live in Galveston, we just don't have the wherewithal for unloading an oil barge
[dinar dave] Thank you jimplants
[Smokey Mtn. Dinar] MichelleL They can unload in Houston, can't they?
[millionday] THE THING IS THAT THE FACT THAT IT IS AT OUR BORDER WITH THE INTENTION OF UNLOADING THEY ARE NOT JUST WAITING ALL THAT MONEY IT TOOK TO GET IT THERE SO THE EXPORT OF OIL HAS BECOME PART OF THE MARKET ENTRY -- MARKET ECONOMY
[millionday] ROBIN IS EXACTLY RIGHT AS ALWAYS
[MichelleL] thats not galveston lol Smokey Mtn. Dinar - the articles have been very specific though they can unload somewhere else, perhaps baytown, TX city - just curious
[sudo1114] Are we refining their crude oil???
[millionday] OUR RESERVES ARE VERY LOW
[millionday] OH NO HUN -- OUR REFINERIES ARE FROM THE 1940`S
[millionday] THAT IS WHAT THE ISSUE IS THAT MANY DONT KNOW THE REFINERIES IN THE WORLD ARE VERY OLD SO THE COUNTRIES THAT HAVE NEW REFINERY SYSTEMS ARE SITTING ON GOLD
[millionday] OK LET ME LOOK FOR MORE
[millionday] WE ALSO HAVE SANCTIONS THAT MOST DONT KNOW ABOUT BUT THAT IS A NEW DAY
[millionday] BRB WITH MORE
[millionday] A Kurdish source expected that workers would return to work in the oil fields of Kirkuk facilities who had been previously excluded by the forces belonging to the Kurdish region of Kurdistan within efforts to invest in the fields in a joint way between Baghdad and Erbil.
Kurdistan Region continues to extract 25 thousand barrels of oil per day from the oil fields in Kirkuk disputed province with the center, according to a secret agreement dates back to last year, between the two sides without the knowledge of the province, according to a report by the Voice of Russia , seen by "Shafaq News".
[millionday] WE HAVE THE KURDS AND BAGHDAD WORKING TOGETHER
[millionday] A series of negotiations have been launched between the Patriotic Union of Kurdistan represented by the Governor of Kirkuk, Najm al-Din Karim and Kurdistan Region to re-staff the Arabs , Kurds and Turkmen who were deported from Kirkuk oil installations.
Major General Rasool Omar, the official of Kurdish Peshmerga forces in Kirkuk revealed the details of the discussions that took place during the last two days, between Kirkuk and the local Ministry of Natural Resources of Kurdistan to solve oil installations crisis with Baghdad. Omar,
one of the members of the negotiating delegation from the Patriotic Union of Kurdistan noted that the party’s terms on an agreement with the region stressed the Kurdish Ministry of Natural Resources must return the staff and management of Kirkuk Federal oil installations
[millionday] Omar said that it is likely, the resumption of staff who have been deported by the Kurdish Technical Committee to work in Kirkuk oil facilities very soon. On the Federal Police Regiment of Oil protection, which includes 300 components, Maj. Gen.
stressed that their work is continuing with the Kurdish brigade, except the commander of the regiment who has an arrest warrant issued by Baghdad against him when the Kurdish force entered oil installations in Kirkuk.
He pointed out that the Iraqi Ministry of Interior had issued the arrest warrant , on the grounds that he had handed wells and fields to the Kurdish brigade without resistance or fight. He added that the agreement signed an agreement between the Federal Oil ministry and the Region’s Ministry of natural resources about a year ago without the knowledge of the local government of Kirkuk that provides pumping 25 thousand barrels of oil per day from Kirkuk to "Khurmal" on the Iraqi-Iranian border.
[millionday] NOTE -- EVEN WITH THIS FROM THE MINISTER OF INTERIOR (THAT IS CRAZY ) WONDERFUL --- BUT WE HAVE THE KURDS AND THE FED WORKING TOGETHER -- THIS IS GREAT
[millionday] The Kurds had pumped the mentioned quantity, after the Kurdish brigade started protecting fields and wells of Kirkuk towards Khurmal located between Debes and Makhmor districts in Kirkuk, according to the Major General.
The Kurdish forces have secured oil installations in Debes district called Bai Hassan and Abana, and some in Makhmor deep far in the province of Kirkuk by more than 15 km, which is currently under the management of the region.
The spokesman for the Iraqi Oil Ministry, Assem Jihad said on Friday that the Iraqi government will make sure of the information that Kurds started the extraction of oil from Kirkuk fields in the north of the country independently. Kirkuk oilfields are featured by quantity of the oil, it is one of the richest oil regions in the world, where oil reserves are up to more than 10 billion barrels.
[millionday] SO THIS IS GREAT NEWS
[millionday] OK I AM LOOKING FOR A VERY IMPORTANT MEETING FROM TODAY -0- THERE WAS AN ECONOMIC MEETING THAT IS VERY IMPORTANT AND I AM TRYING TO FIND IT SO GIVE ME A MINUTE
[millionday] Baghdad revealed a parliamentary source, on Friday, Prime Minister Nuri al-Maliki will visit tomorrow the parliament building and meets with the House of Representatives, Salim al. source said in an interview for "Alsumaria News", that "Prime Minister Nuri al-Maliki will visit the parliament building on Saturday and will meet with the President of the House of Representatives, Salim al." added the source, who asked not to be named, said that "al-Maliki will discuss with Jubouri the political situation and the formation of the government."
[millionday] NOW THIS IS SATURDAY
[millionday] HERE WE GO WITH ABOUT THE BUDGET
[millionday] called purity of net debt and the Minister of Finance Agency, the House of Representatives, to make the adoption of the law of the financial budget for the current year at the top of his priorities, because they are linked to the interests of citizens broken.
Safi said in a statement received by the Agency (news): that 'the adoption of the budget 2014 requires accelerate the formation of parliamentary committees competent to take a role in the discussion of the budget, adding that the Ministry of Finance is working to end the preparation of the budget in 2015 while waiting for approval of the budget in 2014. " and warned the Net, the economic damage and disruption of legal if the integration of the current year budget with next year in 2015 , stressing the importance of the legislation before the end of the 2014 budget year and as soon as possible
[millionday] SO WHAT THIS IS SAYING IS TO HURRY UP millionday] SO THERE WE HAVE IT THEY ARE WORKING AND WE HAVE MUCH MORE TOMORROW
[millionday] LOVE THIS PARLIAMENT THEY HAVE SOMETHING GOING ON EVERYDAY
[millionday] ACTIVATION OF THE INDUSTRY
[millionday] LOVE IT
7-25-14 Aggiedad77: Is Turki "done".....merely waiting on all the players to be sat at their proper places at the table.....people like the COM who have been chosen on the basis of unity (Shiites, Sunnis, Kurds)......Turki sits waiting....."done" with his part of the process....knowing he is ready....for the new government to be very serious about the budget that is yet to be approved.....
Turki knows he gets one shot at "this" budget and needs to be ready to insert "his number" in the appropriate places so all budget categories may be properly adjusted and fulfilled for all government entities both at the federal and provincial levels.
To make this happen though.....there must be an appropriate Sunni in place as Speaker of Parliament (check).....the appropriate Kurd in place as Preside of the Republic (check).....the right Shiite in place as PM (not Maliki)......then lastly the unified COM chosen who will work congruently together for the good of the people with the rate that Turki sits poised to provide. How does that work in your time machine? Comment
7-25-14 backdoc: THE LAST NAIL IN MALIKI'S POLITICAL COFFIN!!!!! IT WOULDN'T BOTHER ME IF THERE WAS ANOTHER ONE SOON! SO WHAT'S A DICTATOR TO DO? FIGHT OR FLIGHT ?????? Comment
7-25-14 Frank26: This is Your Blue Post.
You see......... We feel the IR (International Rate) is ready ......... Been ready ......... But there is No One to deliver it to.
LOOK ..... STUDY Turki's FIRST sentence in this article. Grasp the understandings under which conditions/parameters Turki WILL lift the 000's.
The Steps we are seeing right NOW are the vital signs to an IR.
Central Bank: Delete the zeros from the currency is linked to the stability of the political and economic situation.
Central Bank Governor Abdul-Basit Turki
02/05/2014 12:04 Tomorrow's Press / BAGHDAD:
The governor of the central bank and agency Abdel Basset Turki, said Friday that the project raise zeros from the Iraqi currency will not be applied, except in the case of the stability of political and economic situation of the country, denying the issuance of a new decision of the Bank in this regard. said Turkish for "tomorrow Press ","
The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country."
and added that "the implementation of such a project needs to arrange all the accounts and records of the Iraqi state before starting any move to change the status of the currency and the way that provides a smooth flow of work and maintain the price of the currency in the local market from manipulation of traders in it."
said Turki that "talk is not only about the lifting of the zeroes where to change currency will rearrange government records completely change the accounts that deal with public spending," denying "the issuance of any decision New from the central bank regarding the deletion of zeros from the currency. " referred to as the central bank denied the earlier direct the project restructuring of the Iraqi currency next year and delete the zeros of the three of them because this time is appropriate, indicating that the applied project is in coordination with the Iraqi government and its institutions. LINK - Comment
7-25-14 Millionday: (They seem to be getting on with so much, ports, banking etc. but when do you think they will get to the point where they can't do anymore without RVing?)
They claim to be activating the economic reform and that includes the monetary reform...the timeline is up to them but they certainly are preparing with the passage of many laws and the market as we have seen. This is not a bad time to be following the news to say the least. Comment
7-25-14 Tlar: "At a dollar the three zeros are gone just as they are at any number greater than a dollar. So deleting the zeros does not describe nor give us really a clue as to what the rate is or if it is over a dollar."
I, too, have been a big proponent of "delete the zeros" as an event, yet always wondered how they would get it from .86 to $1.00 if delete the zeros only pertained to a specific rate of .00086 becoming .86. My belief is that the RV will be at .86 and then quickly be set at 1.00.
Your comments opened up a new avenue of thought, which was not only insightful but intriguing in view of my beliefs about delete the zeros. Initially, when reading your post, I thought your belief that they could delete the zeros and still have an initial rate of 3.50+ may be accurate.
Especially considering that your perception that "delete the zeros" may not be about the .86 rate (= 1.16 dinars per dollar.) It could very well mean any initial rate at or higher than $1.00 -- as 1.00 mark is when three leading zeros disappear.
Okay. Happy thoughts. But then, having the mind I do, I quickly remembered what so adamantly enforced my belief that the initial RV rate will be .86. Tlar, it was from the budgets.
So, here's the question:
Why would they post a rate (1.16 dinars per dollar) in four budgets (2013-2016) if the rate was not going to initially start at .86, which is .00086 minus the three leading zeros?
Although I've never wavered in my belief that the RV would occur through delete the zeros event, it was the rate actually being in the budgets that solidified my belief that the initial RV rate would be .86 and quickly move to $1.00 or over.
Tlar, how do you reconcile those articles and budgets revealing .86 (1.16 dinars per dollar) with rate over 3.50?
Very interesting thoughts you've posed, Tlar. You never cease to amaze those of us who are also trying to connect the dots to all the pieces in this puzzle.
But this just doesn't connect for me personally without knowing what you know that makes you believe it will be $3.50, as I've never seen any articles about that type of rate.
So, I can't shift my belief as there is no foundation upon which to build it. Not asking you to share before you are ready. :) And certainly not challenging you. But just sharing with you that though I respect you a lot and value you as a person, the concept of a "delete the zero" event with a $3.50 rate does not connect to the puzzle I've built over here.
Look forward to your thoughts .. as always. :) Best, DW.
Dreamweaver - "Why would they post a rate (1.16 dinars per dollar) in four budgets (2013-2016) if the rate was not going to initially start at .86, which is .00086 minus the three leading zeros?"
Tlar - Dream, it was three budgets, 2014, 15 and 16. I wish I could give you a logical answer to that question that would make sense, but I can't. I have always thought it would be 1.16 or .86 cents.
I am as baffled as you are to you are because it is much higher than I have ever thought. I even went through the thinking process of how they could justify the 86 cents.
But I have now heard from too many people with dinars at banks waiting on being funded between $3.00 to $4.00 and one person on my email list personally knows the guy who will sign off on the buy from B of A once they get the ok from the Treasury.
Yesterday another person, a twenty year friend, on my list called me. He was having a lunch with a business associate and they started talking dinars for the very first time. My friend is a retired CFO of a company here in Dallas.
His friend, another accountant type, told him he was in a group that had deposited their dinars (over a billion) with another major bank and was expecting to be cashed out today at $3.71.
I personally talked to the guy and he was no starry eyed dummy. So I called my contact who would not give me the rate but said he knew the rate. I told him it was $3.71 and he asked me who it was I heard that from.
He was thinking it had to have come from someone in his group and he thought he might know him. He was absolutely astonished that I knew the rate but he confirmed it, $3.71. He told me that was the planned rate.
So putting everything together I have come to two conclusions. These banks stories we have been hearing for a while about group buys like Shanny and friends of mine and some on my emails recipients probably have some substance to them.
But the fact that most are reporting that the bank is offering between 3 and 4 bucks with no guarantees as to fees or costs, and people can't wait to jump in. It makes sense to me because it removes those people from showing up at the bank with thousands of other people on d-day waiting to be cashed out.
With a push of a button and a quick phone call, the buy is accomplished without a visit to the bank. Plus there is no negotiation for the bank because everybody who has already pre-agreed to sell their dinar somewhere between 3 and 4 dollars and the bank can charge them full fees.
Most of these groups are a billion dinars or more and even at 3 bucks per dinar, fees of 5% or more is a boat load of money the bank will make on this. I see them trying to lock in the business.
I am convinced with the people I know who are participating that this is a real thing happening behind the scene, all across the country either being organized by the bank itself or the Treasury.
It can no longer be kept quiet because it has taken so long people like me with loose lips are beginning to get the word out.
This is a behind the scene deal done at a whole different level that the branches who most likely have no knowledge of it being done. So don't walk in to a bank with this story or you will get a blank stare.
If it was someone else telling me this story, I don't think I would believe it either. So I understand everyone's skepticism. No problem. Consider this your 4 o'clock email unless someone does get bought out today.
Then you won't miss what I have to say next. I will scream it from the rooftops. My expectations are that the actual buyout is not this Friday, but we are close. tlar
DreamWeaver: Tlar, I did see an article where 1.16 was posted in 2013 budget, as that is the article that led to my posts about the "caveat" placed in that budget along the lines that the Finance Committee or whomever wasn't going to be held responsible legally if rate wasn't 1.16 -- yet this caveat wasn't in other budgets. Too long and not relevant to go into as you just blew my mind.
WOW. Holy jumping Baghdad cows ... Now I understand why you have been so adamant. I would be, too, Tlar.
Maybe, when they leaked that Turki was doing RV in January, he changed the plan from .86 to 3.71. That's the only thing that makes sense about the switch regarding delete zeros, etc.
Also, I don't remember seeing any articles on delete the zeros recently ... past 4 or 5 months, so maybe there was a pow-wow with IMF or whomever and the plan changed early this year.
Tlar, I personally appreciate that you lost your contact a while back because of loyalty to fellow members on this site in sharing some of the info instead of keeping it hush hush. Though you've been reticent about a lot, you've still managed to slip enough details that many of us have been intrigued by what has transpired in your posts.
Never been a bank cash in person ... but your posts verifies it is not myth at all and may soon be occurring.
Very much appreciate your post ... and that noise you hear in the background is me shreading all the "delete the zeros" articles. :) Just kidding. No shredding until RV day and then you will smell the burning motor of a mad shredder all the way to TX, my friend. Blessings to you Tlar.
I feel confident to make my first prediction: You are going to have a horse named after you by Blue if this plays out as you expect. LOL. Best ~ DW
BlueyesinLevis: My friend who got me in.. has a lot of his IQD deposited, counted, verified by De La Rue machine.. and is waiting for the dang RV for his pre registered and verified account to be funded.
I think it is a big gamble to do that.. but he did it. As a small timer.... I was not invited to join the group.
I dont know the ins and outs of it.. but I will verify that something is going on.. has been going on with the large groups for some time.
I have mentioned this before here.... but I prefer not to make it a big deal.. I am not part of it and I dont know much beyond what I just said.
Much of it is simply dismissed as "Guru Nonsense".. but whatever is happening... something is happening... my bud gets daily updates.... hints and clues... etc. He wont tell me much.. because that is part of the deal.
Personally.. I think he went from thinking it would be an early exchange.. to realizing that it is still contingent on the CBI lifting the rate first... and then they will be the FIRST to exchange. That is about how I look at it.
Like I said.. I dont know what the heck is going on.. I am just waiting patiently for the CBI to pull the trigger. I am not focused on either a date or a rate.
It may be an oxymoron.. but Folks.. we are closer than ever before! Lol. Comment