Samson Article: “US delegation confirms to Finance Minister: We are ready to support Iraq in achieving economic development“
Clare Article: “A high-ranking security delegation arrives in Washington to hold a round of talks to end the coalition’s mission”
MarkZ [via PDK] What we know for a fact from folks on both the US side and the Iraqi side…is that there are very “top secret” meetings occurring right now in Wash D.C. with Iraqi folks about the removal of US troops and security units in Iraq. This is one of the key things we were told to watch and it is occurring right now in D.C.
Frank26 Is Chase…Wells Fargo, or any bank going to exchange your dinars into dollars? Ain’t no bank going to exchange your dinars into dollars. Ain’t no bank got that kind of money. Chase will introduce you to JP Morgan…JP Morgan is going to take your dinars and they’re going to send them to the US Treasury. They’re going to give you the equivalent of what you should receive in American dollars into your account.
Sandy Ingram You don’t want to pay rent, you don’t want to pay mortgage, house note, new car, sports car, insurance, vacations, all of those things that we all want to do once we come into money. No no no no no. [Keep working.] You invest your initial profit. When the investments create income for you then you go and do all those wonderful things… [Note: Consult your financial advisors at the appropriate time to find the right investments and payment strategy for your unique circumstances and lifestyle.]
Jeff The budget is not posted in the Gazette. The budget hasn’t been implemented because it’s unconstitutional…
MarkZ [via PDK] I am…hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things . They are too preoccupied to keep slowing and stopping things right now.
Margarita Article Quote: “The World Trade Organization usually intervenes in the exchange rate policy when the concerned country deliberately keeps the value of its local currency low in order to improve the competitiveness of local production and encourage exports at the expense of foreign goods,” WOW!…the wto DOES USUALLY interfere in the exchange rate policy…
Clare Article: “The World Trade Organization opens its doors to it.. The Iraqi economy returns strongly to international competition” Quote: “The World Trade Organization has accelerated Iraq’s steps to join it, following the resumption of negotiations that had been suspended for more than 16 years. The Iraqi delegation is preparing for the next round of negotiations that are expected to resolve this issue, which will open up global trade horizons for Iraq and return it to strong economic competition, in the region and the world, under a multilateral economic system.”
Samson “Washington hosts today the joint security dialogue between Iraq and America”
Frank26 [Post 1 of 2……] [Iraq boots-on-the-ground report] FIREFLY: My bank guy did say dropping the zeros does not change the value. FRANK: He’s right. Because it’s going to be 1 to 1 with the American dollar. It doesn’t effect it inside. It will effect it outside. No it will not change it. When it floats it will change it. FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop. We are not like that. We drop to add value. It’s all inflation based.
Frank26 [Post 2 of 2] [Iraq boots-on-the-ground report] FRANK: Yes, you drop to add value inside of your country…They wanted to be at least 1 to 1 with the American dollar in order to add this value to your currency. That’s why he means that dropping the zeros won’t add value to your currency…Then your currency will float on the International market and the value of your currency goes up outside your country as well. Inside, it will go from 1320 to at least 1 American dollar in order to add value which is purchasing power…If it was a lop they would be adding zeros.
MarkZ [via PDK] I know of a lot of banks with meetings…Are they preparing for a banking crash? Are they preparing for a Re-valuation? What are they preparing for? I don’t think it’s a banking crash because they keep opening up wealth management offices? To me it makes more sense that they are preparing for a revaluation.
