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Friday, September 14, 2012

MILLIONDAY CHAT, 14 SEPT

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[millionday] The financial expert on behalf of Jamil, the Iraqi dinar began recovering after the rise in the value of demand in the GCC banking markets, indicating that the dinar has appreciated either UAE dirham in Dubai banking market rate (0.26%) testament to the strength of the national economy. Jameel said (of the Agency news) Friday: The currency is the face of the economy when the Iraqi dinar powered in another currency is the currency "dollar" shall be there in return pumping Iraqi crude oil and an increase in exports, especially since there is a high priced oil in the international markets, pointing to that Almarbin in countries experiencing avoid its economy are buying the Iraqi dinar.

[millionday] He added: because they expect that the Iraqi dinar may occur when major breakthroughs and increases its value and occurs rebound in the Iraqi market, in addition to the frequent talk about the implementation of the project to delete the three zeroes from the Iraqi currency, which may give the strength and momentum of the Iraqi dinar against foreign currencies, these are all contributed to Iqbal speculators in global markets on the purchase of the Iraqi dinar. 
He added: report from market banking Dubai, who noted the high value of the Iraqi dinar against the UAE dirham by (0.26%) demonstrates that the Iraqi dinar began recovering and the national economy strong as a result of the attributes of the large reserves of natural resources as well as the hard currency that The cover of the dinar.

[millionday] The report revealed the exchange market in Dubai for the rise of the Iraqi dinar against the dirham over the past week by 0.26%. The report said: declined, relatively speaking, the movement of conversion, speculation and currency exchange last week in companies traded currency in the United Arab Emirates, and it coincided with the start of the new school year and the end of the holiday season, where decreases in this time of year liquidity in the forex markets, and in the currency market Emirates , the Iraqi dinar rose against the dirham over the past week by 0.26%, marking 0.0032.

[millionday] so the beginning has begun

[millionday] the speculation has come from experts not from dreamers or those that dont know and the figures are proof that the last week has shown its rise

[lorijeanmarshall] WOW

[millionday] something is happening and we are going to be watching this for you

[millionday] time for a whooop whoooop

[millionday] Said a member of the Finance Committee National Alliance MP Amin al-Hadi, of its intention to amend the Banking Act format support and evolution of the banking sector through the addition of new proposals and delete some paragraphs obstructing the work of Iraqi banks. Said Hadi (of the Agency news) Friday: The parliamentary Finance Committee held a symposium discussion as a workshop for the restructuring of the banking sector in the presence of some bank managers Iraqi government and private and Chairman of the National Investment and a number of deputies in the two financial and economic experts and specialists and offered their opinions and suggestions about the possibility of developing banking sector and promotion.

[millionday] He added: that the workshop reached to amend the Banking Act format support the banking sector through the addition of proposals to increase the assets of state banks (Rafidain and Rasheed and Trade), and improving the infrastructure of the banks and to encourage integration of small banks with banks head money of higher to become major financial institution, stressing that this The workshop will give positive results on the fact that the banking sector proposals submitted by specialists in the field of banking. The parliamentary Finance Committee held last Wednesday in the House of Representatives and a special workshop for the advancement of Iraqi banks in terms of issuing new legislation fit with the development made in the banking world.

[millionday] Accuse a member of a coalition of state law the National Alliance MP Ibrahim al-Rikabi, the Iraqi List, delaying naming the security ministries, pointing out that Adnan al-Asadi, and Tawfiq Yasiri Seatonavsan and the Interior Ministry. Rikabi said in a statement (of the Agency news) Friday: that the delay in filling the security ministries caused the Iraqi List, the lack of candidates figures acceptable to the political blocs. He added: Iraqi List to nominate professional personalities and not indicators of accountability, justice and responsibility of the commander in chief of the armed forces to choose one of the figures provided by the Iraqi. As for the Interior Ministry, referring MP for the coalition of state law: that the senior agent of the Ministry of the Interior Adnan al-Asadi, and Tawfiq al Seatonavsan on the office of the Ministry of Interior.

[Fresh] I think there is a lot of pressure on Maliki to fall in line ASAP - Obama and crew have to be very concerned that Iraq is vulnerable right now IMO

[millionday] Rocknrv in my opinion -- that is a result in it being time -- im excited -- the dinar is regaining its stregnth in my opinion and the next steps will put it back to where we expect it to be -- obviously the bringing in of the three zeros is expected to bring their economy back

[millionday] Accuse a member of a coalition of state law the National Alliance MP Ibrahim al-Rikabi, the Iraqi List, delaying naming the security ministries, pointing out that Adnan al-Asadi, and Tawfiq Yasiri Seatonavsan and the Interior Ministry. Rikabi said in a statement (of the Agency news) Friday: that the delay in filling the security ministries caused the Iraqi List, the lack of candidates figures acceptable to the political blocs. He added: Iraqi List to nominate professional personalities and not indicators of accountability, justice and responsibility of the commander in chief of the armed forces to choose one of the figures provided by the Iraqi. As for the Interior Ministry, referring MP for the coalition of state law: that the senior agent of the Ministry of the Interior Adnan al-Asadi, and Tawfiq al Seatonavsan on the office of the Ministry of Interior.

[millionday] Considered legal expert Tareq Harb, oil agreement between the central government and the Kurdistan Regional Government as a golden key to open the closed doors between the two parties. He said the war in a statement received (for the Agency news) Friday: The agreement the federal government with the Kurdistan Regional Government, on the payment of oil and begin to export oil from the region collapse of the main points of contention between Baghdad and Erbil In addition, he will increase the imports budget and achieve control Federal Government on oil exports from the region. The war continued: that the agreement would be a golden key to open the closed doors and outstanding files between the Governments of the center and the province such as security issues including Ancharaljeic and political issues, including the legislation of laws, particularly the oil and gas law, cooperation and coordination between the two sides in all fields.

[millionday] Called a member of the Virtue Party National Alliance MP Susan Saad, to the need to discuss the security file in the hearing tomorrow in the presence of the Prime Minister. Said Saad said in a statement received Agency (news) copy of it today: that security breaches large recent addition financial and administrative corruption in the security institutions, and the spread of arms in the central and southern governorates, requires Brookwood security file discussed with members of the Board Representatives. Saad added: that the presence of Prime Minister Nuri al-Maliki to parliament to discuss infrastructure law an opportunity to brief council members on the most important impediments to the restoration of security and research the possibility of harnessing the capacity and capabilities all for it

[Fresh] millionday looks like HCL is done... or very close

[millionday] Senior Iraqi official said on Thursday that Iraq's central government and the Kurdistan region agreed to end the dispute concerning the payments after the oil Kurdistan, has pledged to continue exports and Baghdad pledged dues foreign companies operating there. The Office of the Deputy Prime Minister Ruz Nuri Shawis said in a statement that Kurdistan will continue to pump their share of national oil exports, which currently amounts to about 120 thousand barrels per day and will increase production to 200 thousand barrels per day.

[millionday] Kurdistan was suspended in April shipments of oil to protest the non-payment of dues to companies operating in the region from the central government. The region resumed shipments later but said he second Cioagafha in Sept. 15 unless an agreement is reached regarding payments.

[ROBINREDHED] millionday i have another article on this issue

[ROBINREDHED] Urgent…..Baghdad, Erbil reach agreement over paying oil companies' dues in KR Thursday, 13 September 2012 21:58 | | | Baghdad (AIN) -The Iraqi Federal Government agreed with Kurdistan Regional Government to pay the dues of the oil companies operating in the Region and raise the oil production into 200,000 barrels per day. The official Iraqiya Sat Channel announced in an urgent news on Thursday that "A meeting was held between the two Governments to settle the pending issues between both sides where the meeting reached an agreement to pay the dues of the oil companies working at the KR and to continue exporting the oil and increase its production of oil up to 200,000 barrel per day." Earlier, the Prime Minister of the KR, Najervan Barzani, has declared on last Wednesday sending a delegation from KRG to Baghdad to confer about paying the dues of the oil companies working in the KR," noting that "In case we reach a compromise we will continue the oil export and if we could not reach an agreement then we will take another steps in this regard, stressing the Region's continuity in exporting the oil up to this day." /End/

[millionday] Kurdistan denies stop exporting oil and Parliament form a committee to select the final version of the law of oil and gas Baghdad, Denied and the Minister of Natural Resources Kurdistan Regional Government, yesterday, stopping the territory or oil companies operating has oil exports abroad, despite the Iraqi government does not pay dues to those companies. According to Ashti Hawrami told the Kurdish news agency (Rn), that «the region did not stop oil exports amounting to 100 thousand barrels per day to the outside not from the field Khormalp or any other fields has», adding that «the news published by the Iraqi media for exports would halt the region of oil are completely untrue.

[millionday] it seems that the hcl is reaching an end or has

[Fresh] ROBINREDHED I like that article!!

[Fresh] millionday my thoughts exactly

[millionday] ROBINREDHED that is a better one -- shows how close the hcl is --

[millionday] Hawrami noted «continuation of the region in the export of petroleum products to Turkey by 10 thousand barrels a day and import refined them in return to Kurdistan, pointing out« the possibility of increasing these exports to Turkey in case the need arises. In the context of relevant parliamentary source said that the meeting of the presidency of the parliament with representatives of the committees of energy, legal and parliamentary representatives of the Kurdistan region on the oil and energy law resulted in the formation of a sub-committee to select the final version of the bill.

[millionday] The source said told the National Iraqi News / Nina / that «the meeting to reach formation of a committee comprising representatives of the National Alliance and the Coalition and Iraqi Kurdistan as well as oil minister in the federal government and the Minister of Natural Resources in the Kurdistan region and one of the members of the Presidency of the Council of Representatives. He added that «the Committee will hold its first meeting next Tuesday to discuss the possibility of selecting an agreed version of the law of oil and gas.

[millionday] A parliamentary source said that the joint meeting of the presidency of parliament with the Presidents and Vice-makers Committees is to discuss oil and gas law is hoped approval during the current session of the House of Representatives and unify the visions in the drafting of the law.

[millionday] the law is on the way as it seems -- either current session or tuesday

[millionday] whooo whooo -- we are so close

[millionday] brb with more

[millionday] Called Baghdad Iraq's investment Commission, Thursday in Shaker, activation code investment and single-window and the Elimination of red tape, calling for access to the investment law No. 13 for solving problems, stressed the need to give delegates and authorized grant approvals. Iraq said in an interview for "alsumaria news", that "article twenty investment law makes it imperative for sectoral authorities to respond to the requests of the investment within 15 days, and if approved it, if the refusal must be justified and which are not currently, wait months and years", called "activation code investment and grants authority to the authorised investment bodies and delegates representing single-window".

[millionday] He called for Iraq's "invocation of the investment law No. 13", pointing out that "if it were invoked for there were so many solutions, there will be a serious single-window activation, and there will be coordination cell to work so that each lift investment in each of its provinces to the national body, and then to the Supreme Council and will take decisions quickly and solve problems", but say the problem is that all the delegates and authorized ministries do not have powers of approvals ". He added Iraq "in this case we got that most requests are get approvals, primarily either from the authorized employee of the investment authority and this makes demand prowling all ministries and departments and wait for days and nights so we lost a lot of time and this is the real problem between the ministries and bodies of investment".

[millionday] Iraq revealed about 120,000 units bound by custom, however, some logistics and art that can be completed and the initiation of projects ", expressing" optimism theme land allocation by stakeholders hoping to replace resolutions and laws that intersect investment law that prevent start actively in projects ". National Investment Commission was announced on 4 October of the year 2011, the 125 companies from different nationalities, made presentations to create a million housing units in all governorates of Iraq within the framework of the national housing project, chose 35 companies, including the implementation of projects, with the Housing Ministry disclosed on their quest to create a million additional housing units in the event of the completion of the first phase of the project.

[millionday] Investment Act No. 13 to allow non-Iraqis to own land for housing projects exclusively and coverage of strategic partnerships with State-owned public companies the advantages of investment law and the granting of investment bodies in the provinces irregularly the territory of personality to enable it to perform its functions more effectively, as well as collecting and counting the land owned by the State and keep at the disposal of the national investment Commission for the purpose of allocation of investment projects.

[millionday] 15 days --

[millionday] the activating of the investment act

[cornsnake64] knock knock knocken on heavens door

[millionday] investment

[millionday] love it

[onthewings] within 15 days ?

[Dianne777] millionday so that makes it about the 29th?

[onthewings] millionday is that within 15 days ? the activation of the investment act

[cornsnake64] millionday for chapter 7 to be lifted do they need a valued currency?

[rick25sandi] cornsnake64 i think they do

[DINARHOPES] millionday this is good stuff

[cornsnake64] maliki going to new york monday for removal of chapter7

[lorijeanmarshall] Never heard of the investment act. This is related to the rate change?

[rick25sandi] i need the bottom line, i think 15 days are for the investment not the rv

[millionday] this is the laws needed for international investors to move forward

[lorijeanmarshall] millionday Oh, ok

[tjohnson1400] millionday so its looking good????????? What was the article saying in a nut shell??????

[NUMBERS] millionday will it need rv before that??

[millionday] the activation of this law is at a great time with maliki going to the un and the hcl in the works to be done on tuesday and the ministers being put in place

[rick25sandi] millionday you would think they need to rv before then

[millionday] this is looking very good and it is things we should be seeing

[onthewings] and if it's international investors one would think an international currency

[onthewings] and if it's international investors one would think an international currency

[lorijeanmarshall] Have we any confirmation yet that any of the ministers have been seated? I have been looking but haven't found much on it.

[millionday] the exciting part is that we have not seen anything that is the screw in the spokes so to say

[millionday] they are in the middle of the choosing of the ministers -- the interior is to be the head of the ministry it looks like

[lorijeanmarshall] millionday Hmmmmm, ok. Well they need to get this stuff done if everything else is falling into place. I have this fear that everything else is going to get done first and then we ar going to be sitting here on our thumbs waiting for the ministers.

[millionday] the ministers will put be put in place for the national conference

[millionday] this next week talabani returns and and the national conference will occur --- the 18th -19th is when he returns

Baghdad/financial expert stressed the term Jamil Anton that the Iraqi dinar recovering began after high value demand in the Gulf banking markets, noting that the dinar value rose to Dirham in Dubai banking market by (0, 26%) This is an indication of the strength of the national economy. Anton said that currency is the face of the economy, when the Iraqi dinar currency backed by a currency dollar "is in contrast to the pumping of Iraqi crude oil and an increase in exports and a rise in oil prices in global markets, noting that almarbine in States experiencing to avoid its economy accept to buy Iraqi dinars. He added: they expect that the Iraqi dinar may occur when great strides and increases its value and a recovery in Iraqi market occurs, in addition to frequently talk about project delete three zeros that Iraqi currency may give strength and impetus of the Iraqi dinar against foreign currencies, all of which contributed to the blockbuster global markets speculators to buy Iraqi dinars. He added: the report issued by the Dubai banking market, which indicated the high value of the Iraqi dinar against the UAE Dirham rate (0, 26%), demonstrating that the dinar started recovering and strong national economy as a result of its large reserves of natural resources as well as hard currency, which is a cover of the dinar. The report revealed the exchange market in Dubai, the Iraqi dinar rose against the dirham over the past week by 0.26%. The report said: relatively decreased movement conversion and speculation and Exchange last week in Forex trading companies in UAE, coinciding with the start of the new school year and the end of the holiday season, where declining at this time of year rates of liquidity in the forex markets, Forex, the Emirates, the Iraqi dinar rose against the dirham over the past week by 0.26%, registered in respect of 0.0032 pumping dollar confirmed Economist Abdul Moneim Kuruma, that pumping large amounts of dollars and sold to exchange offices with a view to reducing the value of the dollar The dinar has contributed to encourage money laundering and exploitation of some exchange offices raising citizens dollar. He said: that a tetanus of the Central Bank to reduce the exchange rate of the dollar against the Iraqi dinar by pumping large amounts to banks and exchange offices sell to stimulate owners to seek profit by raising the price of the dollar against the Iraqi dinar to exploit citizen. He added: the more those dollars go outside Iraq for the purchase of imported goods and services and some of those dollars go to the private sector to sell at high prices to make a profit, calling on the Central Bank, to take alternative actions, correct to reduce the exchange rate of the dollar against the dinar. He noted: the economy of Iraq is unable to meet the needs of the consumer and all imported goods and services is what makes the dollar to import goods and services from abroad. Explained: the tariff activation code will not exit the dollar overseas to import goods and services reduces the value of the dollar against the dinar.    
    

DINAR GURUS UPDATE, 14 SEPT

9-14-2012  Intel Guru Hammerman  There was a lot of processing taking place in Reno today [Thursday].  I have solid verifiable, visual proof from FBI and Homeland Security sources that the Bush twins, daughters of the Bush's, were in Reno cashing in dinar.   Homeland Security sources were within 20 feet of them, so I take this as solid info.  I was never a really big believer in the Prosperity Packages and Global Settlements, but I put out the info because I feel that you all need to here what's out there.  But, if it is true, we should be RV withing a month, or probably within days.  If it is true we are done.  Rumor is we are Rv'ing soon anyway. My speculation on the rate for the average everyday person, referred to as tier 3 will be $3.50 - $5.50.  There was some talk today that it would come out low, $.25 to $.55 and go up gradually.  IMO, I am hearing and through intel that each country will have an independent rate.  [post 2 of 2]

9-14-2012  Newshound Guru Med   I HAVE THOUGHT ABOUT THE RATE COMING OUT THE DOOR AND IT WILL DEPEND ON IF THEY ARE IN A BASKET OR A FLOAT.  TO ME A BASKET WILL BE MUCH SMARTER AND MORE STABLE ESPECIALLY UNDER THE CURRENT CIRCUMSTANCES IF SO I EXPECT THEM TO COME OUT BETWEEN .10 AND .35.  SHABIBI HAS TO TEST THE WATERS IF HE IS REALLY CONFIDENT AND BELIEVES THE OIL IS ENOUGH PLUS HIS ASSETS THEN MAYBE THE .86.  THIS TO ME DEPENDS JUST HOW SERIOUS THE IMF AND WTO WERE IN PUSHING IRAQ ON LINE WITH A EVEN RATE WITH THE USD.

9-14-2012  Intel Guru Hammerman    Intel has not changed much.  Talabani will probably turn up sooner than expected, in the next 48 hours.  I think we still have a chance for an RV about the time the London Conference starts, this is rumor from about 10 high up power players.  They are gearing up for something over there.  The turmoil happening over there in the Middle East, the civil unrest will not affect us at this point.  If they go to a full fledged war in the next 24 - 48 hours there might be a small delay, but I'm being told that is not going to happen.  They are trying to get this RV and global reset processed, it is vital to get this done.  My sources tell me we are here.  [post 1 of 2...stay tuned]

9-14-2012  Newshound Guru Kaperoni    I am going to toss out a theory... based on actions within Iraq, and other events. It may be very close to what we will see happen in the near future.  I believe the plan always was to release the dinar at a “staging rate” at or about 1 to $1. The issue is, if that was the case, some liability falls on the CBI and Iraq. They must be able to sustain this rate.  Remember as much as 10 trillion dinar may have been sold outside the country for what Saleh said, “will be held as a foreign reserve currency..for a very long time.” What that means is that the world’s central banks would in essence be funding the RV.  The CBI is caught in a difficult situation. Economically, Iraq needs the RV yesterday.  Shabibi has a decision to make.  Shabibi can put people back to work, rebuild world class structures, and  see his country prosper at least financially from the wealth of the country…But how? 

THE IQD TEAM CC, 14 SEPT


The IQD Team
Investigate, Question & Deliver
Thursday, September 13, 2012
Highlights/Summary & Replay of Conference Call
THE HEAT IS ON!!!!

Conference Call Replay -  Sept. 13,  2012
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Recap of the News tonight 
(Listen to the recording for all of the detailed analysis of the articles discussed after each news article from the list at the bottom - the following is just a brief Recap)

RECAP     CBI/ECONOMY
STRAIGHT TALKIN MIKE

Brief recap from the articles we read and discussed tonight.....

CBI definitely has some help - people riding in on their white horses -  The World Bank and the IMF came in and talked to Nujaifi
We discussed an article that said the Central Bank is independent and they shouldn't interfere- saying we are not interfering with it in the Parliamentary level....we are just keeping you guys out there - its nice to see
The World Bank is talking about supporting Iraq in the industrial sector We discussed about the Investment Commission calling for the changing of the laws - if you read that particular article it talks about how there is lots of red tape that's there and how they need to eliminate the red tape, simplify their laws and that's what needs to happen - These are the things we have been talking about that Parliament needs to take care of - its almost like they received a talking to and them saying okay this is where you need to be...get on track...lets make sure you are there......look at the end goal and what is there

The best article of the day was the article "Currency and restructuring real substance to improve their scientific value"   
If you ever wanted to know why they need to increase the value in their currency you need to read this article - very in depth - talks about everything we talk about and have talked about here on the call - its almost like they listen to the call -  its not that they listen to the call....Its all economic sound philosophy that you use when you do this - its not magic - they need to do these things and do them in a certain way and there is a reason why and all of these things are talked about - about the economy getting better - stock market and things that need to be done there and it has a huge effect on everything - companies are going to have more equity - people are going to have more dollars - there will be more money to go thru
they talk about Turkey having devaluation problems and how their economies really are not similar - we have talked about that too that - they are two different economies and such a different situation - you have a rebirth of an economy and not an existing economy that really is falling apart or doesn't have the infrastructure - they are building the banking infrastructure to support this - As much as we hate it not happening sooner,  the longer that it waits the better the infrastructure is going to be and the better it is going to be for Iraq in the long run and for us it will be more stable when it come out
it is not going to fluctuate - they will be able to control it at the price they want to bring it out at - and they even talk about if it just was a 1-1 and they use it as an example in this article to talk about how much more effective it would be to handle cash transactions, etc  - It was a real basis to say that they need to dedollarize and they need to bring the value up over that dollar mark because it just makes sense for them to handle transactions & dedollarize - thought it was a great article
Central Bank is moving forward - The Calvary has shown up to support Shabibi and to keep Maliki off of him from an end run - he's moving forward  - we have always seen him tend to move faster once people come in to help him and he knows he has backing....CBI has been Very very quiet..they are hunting RV's.....and they are not talking - that's good ....we want them to be improving and doing the things that they are doing

RECAP     GOVERNMENT 
STRAIGHT TALKIN MIKE

Brief recap from the articles we read and discussed tonight.....

Government
The Heat is on.....The Heat is On....The heat is on....
Britain's Foreign Minister showed up to talk today to Maliki
Talabani has asked the about the issue of Hashemi to get the Americans to get more involved - they are really trying to get the Americans with the Strategic Agreement to get them out of Chapter 7
This is a huge bargaining chip in this whole thing - you know what if you want out get Maliki out of the way - that's how these bargaining chips can work in these discussions - I am not saying that is how it is going to happen but it is pressure - lots of pressure points and we have been giving you where these pressure points are coming on Maliki so that you can have an idea of what is going on with the 100's of news articles we read thru daily....to weed thru it - there is a alot going on out there

Parliament is also acting - they have run into a few road blocks but the President of the Parliament Nujaifi put together a committee on the Oil & gas Law to meet on Tuesday - he is giving them deadlines -
Also discussed about giving the Commission 48 hours to have the names of the 9  Candidates so they can vote on them on Saturday
He's not stopping...hes moving forward - he's hitting these roadblocks where as before he would stop and adjourn - not now - they have 233 showing up for Parliament now so theres alot of people with alot of interest
Maliki is supposed to be there on Saturday- will keep our eyes on the news - could be a major weekend for news into Monday
We will keep our eyes on it and we will be out with something as soon as it happens

And we discussed the article,  Baghdad and Erbil agree to pay the dues of oil companies.....All of a sudden Baghdad and Erbil agree to pay the dues to the oil companies - something we talked about the other night..asking how are they doing this?  How can they not pay the companies?  Well they are starting to pay them this is a huge concession - I don't know what happened to make this happen but this is a major bargaining chip which means something is in the works - they are getting something in order to do this or they were told to do this and they will get something down the road from some diplomat - these are all major things that signal to me that the government is having lots of negotiations  and things are happening behind the scenes - we won't see alot of it in the news about some of these things  - we will see alot of re-hash of articles and could get very mind blowing over the next few days - you may see articles that come out that are very very negative on the CBI side because Maliki is going to punch back even harder because they have help now - and you will see some good things peer thru -  but you are probably going to see Maliki put alot of crap out into the newspapers - the other day they started blaming the newspapers for supporting Maliki too much and then all of a sudden starting to see all of these other articles come out about other things and we are starting to see the reporters are getting alot braver to get the news out there - Thats good you want the news in peoples hands not just for us but for the Iraqi people - The heat is on....The Heat is On and they are moving forward

And there you have it...
Straight Talkin' Mike On The Straight Talk Express Bringing You Another Night of Positive News!


The I.Q.D. Team's News Coverage
for Thursday - September 13, 2012

CBI / ECONOMY
(All links to articles at the bottom of list of articles)

Baghdad Investment Commission calls for activating the investment law and the single window and the elimination of red tape

ULI Shara: Central Bank and independent bodies do not allow interference in its work

Currency and restructuring real substance to improve their scientific value

The World Bank is moving towards the industrial sector and product support Iraqi

=================================================
GOVERNMENT

Britain's foreign minister in Iraq for talks

Talabani is trying to internationalize the issue of al-Hashemi and calls on authorities to put pressure on al-Maliki

Presidency of Parliament hosts Minister of oil and set a date for the work of the Committee Tuesday for the oil and gas Act

Zebari meets with Deputy U.S. Secretary of State Action Committees joint coordination between the two countries arising from the strategic framework agreement

Parliament gave the Commission of experts two days to give the names of the candidates of the Election Commission to vote on them

Urgent .. Baghdad and Erbil agree to pay the dues of oil companies in the Kurdistan region and raise the ceiling on oil production to 200 thousand barrels per day

Maliki’s Impact on Business

NEWS ARTICLE LINKS

What a great night of news, analysis and discussion and Q & A - Listen to the call for all the rest of the news shared and more during the Q & A

We are getting closer every day......GET R DONE!!

Conference Call Replay -  Sept 13, 2012
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As Always.... Discussion and Analysis of the Latest Iraq, Dinar & RV News....Pre & Post RV Information...Q & A

Every Tues & Thurs 8PM EST
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OKIEOILMAN POST, 14 SEPT


OKIEOILMAN] EVEN THOUGH WE ALL THOUGHT AND HAVE BELIEVED IN THE IMMENENCE OF OUR CURRENCY EXCHANGE WE NEED TO ALL BE AWARE THAT OF THE POLITICAL TURMOIL AND DISSENT IN THE MOST VOLANTILE SPOT ON EARTH (THE MID EAST NEARLY IN IT'S ENTIREITY) CAN'T HAVE ANYTHING BUT AN EFFECT ON THE TIMING OF THE RE-EVALUATION OF THE WORLD'S CURRENCIES.

THIS MAY BE A DELAYING FACTOR BUT IT COULD ALSO BE AN EXPEDITING FACTOR. THE DELAYING FACTOR COULD BE FOR A COOLING OFF PERIOD POLITICALLY FOR THE COUNTRIES THAT ARE RIOTING AND PROTESTING AND MURDERING OUR DIPLOMAT'S AND AMBASSADOR'S--LET US HOPE THAT IS THE CASE. NOW ON THE POSITIVE SIDE THE EXPEDIENT TIMING OF RE-EVALUATION COULD REFLECT POSITIVELY IN THE ESSENCE THAT WHILE THOSE IN THE MIDEAST THAT HAS WORTHLESS CURRENCIE'S WILL BE OUT SHOPPING INSTEAD OF SHOOTING.
IN EITHER EVENT OR SCENARIO HISTORICALLY USUALLY THING'S OF THIS NATURE NORMALLY HAS A LIFE SPAN OF 10-12 DAY'S BEFORE BEING SETTLED OR AT LEAST CALMING DOWN TO WHERE IT'S INFLUENCING NATURE IS NOT AS PREVELANT OR BEING FELT. I WOULD ASSUME THAT HISTORY WOULD REPEAT ITSELF IN A SIMULAR FASHION. I AM STILL OPTIMISTIC OF THE FINAL OUTCOME OF OUR ENDEVOUR--IT JUST MAY TAKE A FEW MORE DAY'S FOR THE WORLD TO OPEN IT'S EYE'S TO THE FACT THAT NOTHING POSITIVE HAS EVER TAKEN PLACE THROUGH UNNECESSARY VIOLENCE.

WITH THE MID-EAST COUNTRIES THAT HAS HERETOFORE RECEIVED OUR FOREIGN AID RECOGNIZES THAT THEIR SUGAR DADDY (UNCLE SAM) HAS CUT OFF THE PURSE STRING'S I WOULD THINK THEY WOULD RE-THINK THEIR POSITION REGARDING THE GREAT SATAN OF THE WEST --(THE U.S.A.)AND REALIZE THEIR OWN WELFARE WOULD SUPERCEDE THE FEW RADICAL'S THAT WOULD JEOPARDIZE THEIR FINANCIAL SUPPORT AND COME TO REALIZE THAT THE BENEFIT'S LOST WOULD SUPERCEDE THEIR (FEW) RADICAL'S AGENDA. AGAIN--THESE ARE THE WORST OF TIMES--AND THESE ARE THE BEST OF TIMES.

THE BEST BEING----WE KNOW WHO THE TRUE GOD IS AND WE DON'T KILL IN HIS NAME. WHILE IT MAY BE THE HARDEST THING TO DO--WE SHOULD PRAY FOR OUR ENEMY'S (BOY THAT TAKES A LOT OF FAITH) BUT THAT IS WHAT THE GOOD BOOK SAY'S

[..OKIEOILMAN] TO THOSE WHO UNDERSTAND WHAT THEY READ--RE-READ ABOUT THE HISTORICALLY NORMALLY COOLING OFF PERIOD BEFORE THINGS GET'S BACK ON TRACK----NUFF SAID

[..OKIEOILMAN] ALWAYS REMEMBER--THERE ARE THREE THING'S THAT CONTROL DESTINY--POLITIC'S--RELIGEON—MONEY

kgal] I guess I am confused from last Tuesday we were there and now it appears another wait. It is hard when we are just barely hanging on for many of us. I will keep praying for this to happen soon.

[..OKIEOILMAN] KGAL--WERE YOU AWARE LAST TUESDAY ALL HELL WOULD BREAK LOOSE IN THE MID-EAST? WHICH IN TURN AFFECTS THE ENTIRE WORLD?

[..OKIEOILMAN] PLEASE ABSORB THE HISTORICAL PERSPECTIVE OF USUALLY IT TAKES 10 DAY'S OR SO FOR THE STORM TO SUBSIDE

[Dovesfreedom] ..OKIEOILMAN ..... are you saying 10 days from last Tues....or from today?

[..OKIEOILMAN] DOVESFREEDOM--HISTORY DICTATES ABOUT THAT TIME PERIOD FOR A COOLING OFF PERIOD FOR CALMER HEAD'S TO PREVAIL--DON'T PUT WORD'S IN MY MOUTH

[1:22:09 PM] Deb Coleman: [sooner84] ..OKIEOILMAN Can you say if the upcoming meetings in London or the UN will be impacted by what has happened in the ME?

[..OKIEOILMAN] SOONER84--TO THOSE WHO DONT THINK WHAT'S GOING ON IN THE MIDDLE EAST HAS AN EFFECT ON THE WHOLE WORLD------TURN ON YOUR T.V.

[1:23:57 PM] Deb Coleman: TXROSE] ..OKIEOILMAN What's another 10 to 12 days after 9 years??? A walk in the park... a piece of cake...

[..OKIEOILMAN] TXROSE--I WAS NOT GIVING A DATE--ONLY A HISTORICAL PERSPECTIVE

[..OKIEOILMAN] SOME OF YOU HAS SUCH MYOPIC VISION THAT YOU ARE TRYING TO PICK OUT OF THE POST ONLY WHAT YOU WANT INSTEAD OF TAKING THE POST IN IT'S ENTIRETY--

  ..OKIEOILMAN] THERE ARE A LOT OF TRUTH AND FAITH IN THE STATEMENT---IT'S ALWAY'S DARKEST BEFORE DAWN

[TonyOutWest] Okie. The reason I'm here is because of your complete understanding and forgiveness of those of us who are not as well informed and who may try your patience. I got that from listening to a call one night and have been exclusively here ever since.

[..OKIEOILMAN] THNX TONYOUTWEST--VERY NICE

 [..OKIEOILMAN] THE TRUTH SHALL SET YOU FREE-------IT'S JUST SOME DON'T WANT THE TRUTH

skyfrance] Okie, what are your thoughts of the RV coming out really low and then going to a float so that the world can dictate the value of the dinar and therefor protecting Iraq from world events that could cause the value to drop?

[..OKIEOILMAN] SKYFRANCE--NO CHANCE

..OKIEOILMAN] KINDA FUNNY IN A WIERD RESPECT--THE WORLD IS WATCHING THIS SITE AND AT THE SAME TIME THE WORLD IS GROANING--SAD BUT TRUE

OKIEOILMAN] I NEVER CAME ON THIS AFTERNOON TO DAMPEN ANYONE'S HOPE'S-I ONLY WANTED TO POINT OUT SOME THING'S THAT SOME ARE UNAWARE OF--I AM EXTREMELY OPTIMISTIC AND BELIEVE ONLY POSITIVE RESULT'S WILL SOON OCCUR FOR ALL OF US

..OKIEOILMAN] MAY THE WIND BE AT YOUR BACK--THE SUN SHINE ON YOUR FACE AND GOD'S HAND BE ON YOUR SHOULDER---BBL ADIOS-----OKIE

BWM CHAT, 14 SEPT


[BWM] RoseRedTyler well I think there may have been some confusion about me saying "protected" monies... just wanted to make sure that was understood
[BWM] ok... so by "protected" I meant that the value was protected no matter the circumstances... ie. metals, or insured (NOT BY THAT BANK) what good is insurance from a bank that is going under... if you consider that if banking fails who would be able to secure the value of your funds from any institution

[HeIsFaithful] BWM so insured by someone like Lloyds of London?

[txgirl] BWM howdy hi gm

[BWM] HeIsFaithful yes BUT, consider this.. if say a bank had 1000 dinar accounts nationwide and each one had say 1M dollars in it... how many scenarios do you see Loyds surviving that happening again

[shasta7] BWM ... yup I agree... so that garbage of a bank will issure funds thru Llyod's of London is just not true... I know this for a Fact!!!

[HeIsFaithful] BWM Well, then there would definitely have to be feasible alternatives... I was thinking besides gold or silver of spreading money between credit unions and local banks... what are ou thinking?
[BWM] HeIsFaithful well smaller banks offer two things 1) you know if the bank is stable where the funds are 2)if there is one catastrophic account blunder there it would cause chaos... so if you invested say 1M in a smaller bank they would begin operating with those funds expanding business and such. But say, you decide to move that money, what happens to that bank without the backing of those funds...

[HeIsFaithful] BWM well I hear what you are saying, but I was thinking of smaller chunks in local banks...also what about realestate?

[dove] BWM the loss of those funds for the smaller bank would be of greater consequence

[dove] how would they compensate?

[shasta7] listen to what BWM says... he is on the right track... :-)

 [BWM] HeIsFaithful my thought is this... liquid cash for short term (why worry about interest when you are concerned about value) and investments for real estate and metals in long term opportunities.. remember tho, things vary by region what I look at for real estate (timber, development) may not be what you have available (housing, development) each region has opportunities depending on the time you are willing to stay invested or CAN stay invested...

[BWM] dove the thing about smaller banks you just need to think long term... and sit down and explain that to the bank... with a smaller bank you will probably deal with the president of the bank with a deposit of 1M dollars... and tell them hey, what are my advantages to keeping my money with you here long term... I know what my money will do for you, what will you do for me...

[BWM] if you look at smaller regional banks you will see most have much higher ratings BUT you will also see these (regional banks) are the ones that actually go under... while a national bank may close a branch you're money is still within their system.. if a regional/local bank closes you may have problems

[HeIsFaithful] BWM excellent point... now liquid cash is just investing in something you can convert to cash quickly...traditionally stocks fall into that category, but that doesn

[BWM] HeIsFaithful liquid cash TO ME... is cash on hand or convertible cash... metals particularly.. the problem with stocks is that you still have to find someone to buy them... if things tank you may not always be able to get someone to take them off your hands and WILL NOT get the value you want...

[Waiting] BWM Are you talking about asking them for higher interest rates and what else. I have a relationship with a small regional bank that I would like to keep some money in - just for the help they have given my business

[BWM] Waiting I think they will offer you everything they can... my particular favorite would be a very safe CD/Savings account with the highest interest they could offer me... say maybe 6%. Now could/would they offer me that? hard to say when most are going about 1.8% BUT if they would then I could say I would be willing to keep the funds in their for some time...which means they are making money off my money.

[HeIsFaithful] BWM exactly what i was thinking... gonna have to bolt a safe to my basement floor. Lol

[BWM] HeIsFaithful you laugh... but if you are ever in MS when this is done... I'll let you see the "safe" room..

[BWM] Waiting here's a thought... and I know some of you will just spend money because you have it BUT... I have said about living on a budget (which we will do) and if you consider this... what amount do I need annually to support that budget. So let's go with 144,000 to make it simple... so I would have 12K a month to live off of... so my "investement account" would feed the "budget account" 144K of "interest" once a year when I flip it over... then the "budget account" would feed the "personal account" 12k each month.... just a way to know that money is safe, moving and available...

[HeIsFaithful] BWM moving toward asset based currency, that seems like where the smart investments would be...investing in those assets. I am with you on the budget deal...

[BWM] HeIsFaithful consider that some of those "assets" may become more unavailable for investment purposes... we will have to work to investment for safekeeping... those that assume this will be easy are mistaken IMO

[dove] BWM our xls spreadsheet - workbook has a page of "investment income" and budgeted expenses and savings as to where we will be a year - five and ten years out with working investments

[BWM] dove the only problem with spreadsheets is some tend to think only within the bounds of that page... you need to look outside the parameters

POPPY, SANDSTORM, DEBORAH,LORIC , MED & DALITE POST, 14 SEPT

9-14-2012 Poppy3: I been hearing all this WGS stuff and it being tied to the RV every since I got invested. I have asked all the gurus who bring this up for years, show me one document from any official office that even mentions the WGS in the last 10 years.  I can say not one person has been able to produce that piece of paper. I will tell you that I had a very high ranking UST official say that the WGS doesn't exsist anymore and just a few years ago all documents of it ever exsisting where destroyed. He said all the funds have been disbursed around the globe to foreign banks and much of it disappeared to who knows where. In the resent FBI investigation and audit of the FED, there was not one document recovered or ever mentioned in that investigation. I think this is someones idea of a sick joke post to see how many people buy into their game. I TRULY HOPE I AM WRONG BUT SOMEONE HAS TO PROVE ME WRONG. THIS POST IS IN REFERENCE TO A LONG EMAIL AND POST ON OTHER DINAR GURU SITES THAT THE WGS IS NOW AGAIN APPROVED TO BE PAID AND IT INCLUDES THE RV OF THE DINAR. WHAT A WASTE OF TIME. 

9-14-2012 Sandstorm: The more laws they pass, the more they cooperate and agree to move forward on policy, the better our chances become. I agree its important (HCL), but dont forget, they already had oil revenue sharing to the citizens in the 2012 budget. So, they've had a law on the books this year as a temporary solution. Really good news if it passed. It's rare to see Iraqis finally agree on something.

9-14-2012 Deborah L: Yes, the dinar will revalue. Atrocities happening 24/7. This latest one is despicable, as are all atrocities. But let's not start with the "woe is me" stuff, and make it about us, or about the RV.  We live in extreme times. None of us are born now by accident. Let's not lose sight of what's important. And let's also not stick our thumbs in our mouths about the RV. It will happen when it's time for it to happen. 

9-14-2012 Lori C: Economic experts are talking about what a bright financial future Iraq will have if they can just get their political atmosphere under control. I think Talabani returning will be huge in this regard. Iraq needs it's leader back in country and healthy before they can move forward.  Parliament is busy working on amending the banking act, money laundering laws and trying to pass new economic laws. They will be back in session tomorrow. 

9-14-2012 Med: I HAVE THOUGHT ABOUT THE RATE COMING OUT THE DOOR AND IT WILL DEPEND ON IF THEY ARE IN A BASKET OR A FLOAT. TO ME A BASKET WILL BE MUCH SMARTER AND MORE STABLE ESPECIALLY UNDER THE CURRENT CIRCUMSTANCES IF SO I EXPECT THEM TO COME OUT BETWEEN .10 AND .35. SHABIBI HAS TO TEST THE WATERS IF HE IS REALLY CONFIDENT AND BELIEVES THE OIL IS ENOUGH PLUS HIS ASSETS THEN MAYBE THE .86. THIS TO ME DEPENDS JUST HOW SERIOUS THE IMF AND WTO WERE IN PUSHING IRAQ ON LINE WITH A EVEN RATE WITH THE USD.

9-14-2012 Dalite: The dinar is not currently a fiat currency. It is backed 100% (130% at last info release) by Foreign Reserves. The Foreign Reserves consist of tangible and intangible assets; some of which are fiat currencies. While maintaining a fully backed currency, introducing gold, just as Congress has the authority to mint coin in the US, allows the economy to grow without introducing more currency that must be backed. Kennedy was going to have congress mint silver coin in large quantity in a power play with the Federal Reserve.

GARY, TONY, ADAM MONTANA & AMHVL POST, 14 SEPT


9-14-2012 Gary (PTR): We are seeing a lot of activity. There was a meeting with the UN Security Council in the past and they were going to take them out of Chapter 7 but there were a few things that were still remaining that needed to be fulfilled but I see activity moving us toward the goal, I don't know if it's the actual RV. I hope it is, I'm not sure what the trigger point is, but I am sure we are getting closer.

There are a number of events that are moving Iraq closer to their goal, to the goal that we need to reach to see this RV.

9-14-2012 Tony (PTR):
A lot of good info out there. The UN meeting and the Finance meeting are taking place at the same time is a good thing. Maliki coming here & let it be known they are going to discuss getting out of Chapter 7 is a good thing. 
  Tony Continued: The fact that all financial managers are meeting in England at the same time, discussing the value of Iraq's economy & the value of their dinar & both put that out on their agendas is a good thing. All of this is scheduled to happen Tuesday and Wednesday of next week. I think that is good thing.

The fact that banks were notified this morning. We had a branch manager call that said they got a notice from the corporate office giving them an alert notice for a currency change. This manager never believed in this...I thought that was a good thing. It could happen today, tomorrow, just looking at the positive things.

9-14-2012 Adam Montana:
Iran is indeed a major point of concern. At this time, they are just something to keep an eye on. I truly wish our government, the UN, heck - the entire world - would take them as serious as you and I do. Luckily they aren't causing problems at this time. Give Iraq a release from Chapter 7, resolve HCL, let them stand on their own two feet. That is the ONLY way this will ever be resolved.

9-13-2012 AMHVL:
Stryker sent me a text about an hour ago regarding a conversation with his translator. His translator told him he watched on Arab TV an announcement that the HCL had been agreed upon and is being sent to Parliament for final approval. Additionally, it appears all the oil contracts will get (or are getting) paid along with the funds owed to the Kurdish military.

This seems to indicate Erbil may be done and just not announced yet.

Expert: the high value of the Iraqi dinar to Dirham in Dubai banking market guide on the strength of the national economy, 14 sept


Expert: the high value of the Iraqi dinar to Dirham in Dubai banking market guide on the strength of the national economy


Date: 2012-09-14 14: 29: 21 Friday
Baghdad (News) … Financial expert stressed on behalf of the beautiful, the Iraqi dinar has begun recovering after the high value of demand in the Gulf banking markets, noting that the dinar rose worth either Dirham in Dubai banking market by (0, 26%) Evidence of the strength of the national economy.
A beautifully (News Agency news) on Friday: the currency is the face for the economy when the Iraqi dinar and other currencies supported is its “dollar” is in contrast to the pumping of Iraqi crude oil and an increase in exports and a rise in oil prices in global markets, noting that almarbine in States experiencing avoid its economy accept to buy Iraqi dinars.
He added: they expect that the Iraqi dinar may occur when great strides and increases its value and a recovery in Iraqi market occurs, in addition to frequently talk about project delete three zeros that Iraqi currency may give strength and momentum of the Iraqi dinar against foreign currencies, all of which contributed to the blockbuster speculators on world markets to buy Iraqi dinars.
He added: the report issued by the Dubai banking market, which increases the value of the Iraqi dinar against the UAE Dirham rate (0, 26%) Proves that the Iraqi dinar and the national economy has begun recovering due to strong holdings of large reserves of natural resources, as well as foreign currency, which are ghtaea to the dinar.
The report revealed the exchange market in Dubai, the Iraqi dinar rose against the dirham over the past week by 0.26%.

The report said: relatively decreased movement conversion and speculation and Exchange last week in Forex trading companies in UAE, coinciding with the start of the new school year and the end of the holiday season, where declining at this time of year rates of liquidity in the forex markets, Forex, the Emirates, the Iraqi dinar rose against the dirham over the past week by 0.26%, registering 0.0032.
http://bit.ly/RWGkJZ