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DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, December 22, 2012

WE CAN SEE THE RV ANYTIME FROM NOW UNTIL FEBRUARY 23RD, 22 DEC


12-22-12 Sager: I know we can all agree that with Steve, Ray and Ocrush’s info, as well as the amazing news, we’re at the end of this thing. With the budget being close to being done, with Chapter 7 about to be lifted, with the new flag and anthem laws passed, with all the economic laws being passed, with the IPO’s starting shortly, all the contracts being signed, and I’m definitely missing some stuff here, it’s clear that Iraq is on an unstoppable path to become international again, and is about to have a strong currency.

I believe that we can see the RV anytime from now until February 23rd. The February23rd date is because of the SBA (Stand-By Agreement). I don’t believe it’ll be extended based on what I read, which is awesome! IMO, this is the end of the spectrum of when we’ll see the new rate.

One thing I’m sure we realize is that this isn’t only about Iraq. Also, this isn’t only about the US. Many countries are part of this RV. With that said, I am hearing that not all banks will be open during the holidays and that some may be closed up until around the second week of January.

I’m not talking about the US here, but an entirely other region. If that’s the case, I’m not sure the RV would happen while some of the banks are closed on holidays, although I could definitely be wrong. This is where I’m getting my Jan 13th onwards date.

Lastly, I’m hearing there is a law that is absolutely required in order for the RV to happen, and should be passed in very short order. I will not go into specifics here, sorry.

The person who shared this with me is someone I trust, and it would definitely make sense to have this law in place PRIOR to the RV.

We are extremely close I feel, and as Steve said, we are landing on the Tarmac.

A PERSON IN IRAQ IS CALLING THE RV, 22 DEC

12-22-2012  Intel/Newshound Guru Poppy3:STEVE 1, WHO SUPPOSEDLY HAS A COMMUNICATIONS BUSINESS IN IRAQ, IS CALLING THE RV AND WHAT MAKES ME PAY ATTENTION IS HE ALSO HAS NOW CONFIRMED WHAT I WAS SAYING THAT BAN KI MOON WILL HAVE THE MEETING WITH ALL UNITED NATIONS AND MAKE ANNOUNCEMENT ON THE 27TH LIKE MY WASHINGTON CONTACT SAID WAS THE SCHEDULE AND I TOLD ALL OF YOU THAT TWO ALMOST 3 WEEKS AGO. I WOULD LIKE TO BE THE VERY FIRST TO SAY STEVE 1 WAS THE FIRST TO CALL THE RV CORRECTLY.   IT SHOWS ME HE RECEIVED THE SAME DATE I DID ON THE ANNOUNCEMENT ABOUT IRAQ FROM THE U N . 

DISCUSSION OF MED, 22 DEC

Med (10:51:40): GM DS

    busman:   ?med    guess that was a driveby    The Iraqi president is elected by the House of Representatives and two-thirds majority and the duration of the presidential term of four years and can be re-elected only once.    so to be president you need 215 votes    mpw,there is your fun fact for the day,lol

Urgent – Brzani and Najafi agree on the need to contain the Issawi crisis quickly   LINK

    Med:    gm    AGAIN    SORRY REALLY BUSY    NOW    THE ONLY REALLY NO VOTES    WILL COME FROM THE DAWA PARTY    FOR THE NEXT SEVERAL DAYS    I WILL BE ON LIMITED    I HAVE A BIG DAY TOMORROW    AND MONDAY    AND THEN TAKING IT EASY ON XMAS DAY

    I WILL    BE CHECKING IN ON ALL POSTS    IF ANY MAJOR DEVELOPMENTS COME    IN THE WAY OF CIVIL UNREST    OR AN ALL OUT CIVIL WAR    THEN YES    I WILL BE ON    BUT OTHER THAN THAT    GO AND ENJOY YOUR HOLIDAYS

    IF IS NOT RV'ING  DURING DECEMBER    SO DONT TAKE AWAY TIME FROM YOUR FAMILY    TO HANG OUT ON HERE    UNLESS YOUR REALLY BORED
         busman:   Source: the benefit of the most prominent and infallible to succeed Talabani and filtration depends on the medical report  LINK
    breezin: Looks like Maliki has already moved to replace Issawi

    Med:    HE CANT REPLACE ISSAWI    HE DIDNT DO ANYTHING WRONG

    breezin: Urgent ... Urgent ... The Papin as Finance Minister instead of Al-Issawi

Deputy in the Kurdistan Alliance of Prime Minister Nuri approached to former Planning Minister Ali baban to return to Government wetsnm Finance Minister instead of Rafe Al-Issawi, Rep. Kasim Mohammed in a press statement Friday that Al-Maliki has begun serious consultations to find an alternative Uploader Issawi after the arrest of an administrator and a number of individuals protected by the charge of terrorism and expect new political confrontation between the parties,

The information refers to call former Planning Minister Ali baban to be a substitute for Al-Issawi,In a living calling the Iraqi Finance Minister rafaa Al-Issawi Prime Minister Nuri al-Maliki to step down on dozens of members of the protection of his Ministry, said at a press conference.

Al-Issawi said, had joined him in Congress, speaker of the House of Osama Najafi and Deputy Prime Minister for services Affairs Saleh Al-mutlaq and a number of Ministers "call on the Prime Minister to resign because he did not act as a statesman." READ MORE LINK

    Med: UNBELIEVABLE
 
    Med:    WELL    LET ME SAY THIS    LOOKS LIKE I WILL NOT BE TAKING THE TIME OFF    I WANT    IF THIS IS ALLOWED    AND MALIKI CONTINUES ON WITH THE PROXY AS POR    WE ARE IN BAD SHAPE    I MEAN BAD

    AND IF NOONE SEES THE IMPLICATIONS    OF A COUNTRY BEING TAKEN OVER BY A DICTATOR    AND WHAT OUR DINAR WILL BE WORTH    IT WILL BE WORTHLESS    NO MORE THAN THE IRANIAN RIYAL

    IT WILL PLUMMET    INSTEAD OF 3 ZERO   IT WILL BE 6    IT WILL LOSE ALL CREDIBILITY

    CBI WILL    WE THE U.S.    MAY SAY    IT IS AN INTERNAL ISSUE    BUT NO ONE ELSE WILL BE    THEY WILL SAY WE WILL BUY YOUR OIL    BUT DONT EXPECT ANYTHING ELSE

    THIS TO ME    IS SO REPRESENTATIVE    OF NAZI GERMANY    FIND AN ENEMY    BLAME THEM    ELIMINATE THEM    CONTROL EVERYTHING    ANYONE DISAGREE

    rowboat: not me

    busman: another idi amen!

    FITTER 1: nope

    Med: WE ALL KNOW THE DEAL

    breezin: That would be horrible

    Med: AND WE ARE ALL HONEST WITH THE SITUATION

    FITTER 1: we all know his intentions are evil

    Med:    AND CIRCUMSTANCES    YES    AND HE MAY GET IRAQ    BUT IT WILL BE A POVERTY RIDDEN COUNTRY    WITH HIM LIVING IN THE GREEN ZONE    THE PARLIAMENT    IS THE LAST RESORT

    busman: i don't think outside will let that happen,jmo

    Med: THEY HAVE TO DO SOMETHING

    FITTER: til our generators break down, and noone to repair them!

    Med:    I HAD ALWAYS THOUGHT THAT    LOL

    busman: agree with you 100%

    Med:    FUNNY FITTER    OK I HAVE TO GET STUFF DONE    FOR TOMORROW    I WILL BE ON AND OFF

    busman: it is really ugly and some don't see it

    Med:    DURING THIS NEW CRISIS    I AGREE    LATER BUDS

DINAR GURUS UPDATE, 22 DEC

12-22-2012  Intel Guru Poppy3   Article quote:  "In their meeting today, members of Iraqiya slate, promised to adopt a strong and firm stand toward Maliki's government, in response to the arrest of bodyguards of the Finance Minister, Rafi al-Essawi."    ...it apeers to be as I had suspected and predicted they are planning to move ahead without Talibani and seem to even be more determined than ever. STILL URGENCY IN THEIR ACTIONS. 

12-22-2012  Intel Guru SteveI   It has been reported that the budget is now in the new dinar, which would have to have a better value than what it is now, or why go thru the steps to do this.  I still stand behind my prediction of $3.46 (plus or minus a penny or two). I will bet my every dinar on that. You cannot be a strong currency in the region at anything less than close to Kuwait, PERIOD.  I am so confident that this is almost over, I am now serious about rapping up life as I know it, as it is about to change in a big way, as will yours.  Unless something drastic takes place (which I do not see now at this point) we are good to go. Last week I said we were on final approach. Well, the wheels have just hit the tarmac.  [post 2 of 2]

12-22-2012  Intel Guru SteveI   [WHO THINKS WE WILL SEE THE RV BEFORE THE END OF THE YEAR?]   I have never felt better.  Matter of fact, here is how I feel it will play out. I will officially go on record with this.  I think it will happen in this order. The Parliament will pass the 2013 budget and put it into law within the next several days.  Next, Ban Ki moon fully supports the lifting of Iraq from Chapter VII I believe you will hear the announcement made official for sure next week, probably on or before the 27th I think you will see a revaluation shortly after that so everything can be in place prior to the first. 

Iraq builds gold reserves to join other emerging economies, 22 dec


Iraq builds gold reserves to join other emerging economies

IMF: Iraq strengthens gold reserves for the first time in years
Published on Friday, January 21 1 / December 2012
Iraq has taken the first big step in the years to strengthen its reserves of gold in the past few months to join other central banks of emerging market economies such as Brazil and Russia to diversify its foreign reserves.
The central bank purchases one of the main reasons behind the rise in gold prices since 2010, a year which saw central banks turned to buyers exclusive of the precious metal ahead for the first time in twenty years with growing doubts about the stability of the dollar’s status as the largest reserves in the world.
The monthly report showed the statistics of the International Monetary Fund on Thursday that during the three months between August and October this year doubled Iraq balances of gold to four-fold to $ 31.07 tons, according to the Reuters news agency.
In the first change in the reserves for years Iraq has bought about 23.9 tons in August, bringing the total to 29.7 tons. This was followed by an increase of 2.3 tons in September, bringing the total to 32.09 tons and stocks fell 1.02 tonnes in October to 31.07 tons. No information was available for the month of November.
Among other central banks raised Brazil balances of the yellow metal for the third consecutive month in November to promote by almost a third to 67.199 tons.
Russia has also added 2.86 tons to 937.82 tons and it reserves the eighth largest balances of gold in the world.
The data showed the World Gold Council that the United States, the largest stock in the world hold more than 8100 tonnes of the precious metal.
But some countries have reduced their holdings of gold, such as Turkey, Sri Lanka, Mexico and Mongolia.

Zebari discusses with U.S. ambassador about removing Iraq from Chapter VII., 22 dec


22/12/2012 17:04:00
Baghdad / NINA /–Foreign Minister Hoshyar Zebari, discussed with U.S. ambassador to Baghdad, Robert Stephen Beecroft means to remove Iraq from Chapter VII.
The ministry said in a statement today, “The meeting included consultations and ongoing deliberations by the Security Council on ending the mandate of the Special Coordinator for Kuwaiti missing, property and to get Iraq rid of the provisions of Chapter VII. Related to this file.
“The statement added: ” also were searched in the regional and local political situations were in the center of talks”

Breitling Report Thursday 12202012

I'M HEARING STILL ON TRACK, 22 DEC

)Terryk 9:57pm cdt 12/21/2012
[9:59:18 PM] toni  (TONI1960): [TERRYK] HEY ALL
[TERRYK] WHAT"S GOING ON TONIGHT
[TERRYK] BEEN HOME FOR ABOUT 5 HOURS
[TERRYK] GREAT FEELING
[TERRYK] YES WE ARE
[TERRYK] THANS SIS
[TERRYK] DISH YOU GETTNG ANYTHING ON YOUR SIDE
[TERRYK] I"M HEARING STILL ON TRACK
[TERRYK] AS OF 4 PM TODAY
[bamatom] terryk Flight delays that is
[TERRYK] JUST ABOUT 30 MN
[TERRYK] IN
[TERRYK] MIN
[TERRYK] BUT IT"S ALL GOOD
[TERRYK] GREAT
[TERRYK] THANKS ALL
[TERRYK] NOW ONE RUMOR TODAY IS CHINA WAS SAYING TO TO THE RV AND THE RELEASMENT OF PP STUFF
[TERRYK] BUT THAT WAS SMOKE
[TERRYK] I KNOW FOR A FACT SOME PP WERE DELIVERED
[TERRYK] AND WILL NOT SLOW DOWN THE RV 
[TERRYK] PERIOD
[TERRYK] THEY THINK THEY CAN BUT THEY CANT
[TERRYK] I WILL HAVE MORE TOMORROW
[TERRYK] I WILL BE ON IN THE MORNING
[TERRYK] OK
[TERRYK] FAMILY IS HERE SO SPENDING TIME AND SOUP WITH THEM 
[TERRYK] BREAKING OF THE BREAD
[cjswest] team getteam is here for you terryk
[TERRYK] THANKS CJS

CURRENCY EXCHANGE RELATED IN BANK PROCEDURES SUBMITTED BY DEBTARHEELGIRL & DINARRECAPS, 22 DEC


Good Morning Dinar Friends: 
NOTICE: These instructions have been put together from conversations with high net worth individuals who have extensive experience in these areas; however, this is only a suggestion and is not to be construed as legal or professional financial advice. You should always seek the counsel of your own attorney or professional financial advisor if you have any questions or concerns. DebTARHeelGirl


Exchange-related In Bank Procedures 

There have been several changes due to recent events with Wells Fargo that will dictate how we structure our accounts at the bank for the best level of protection and functionality.

During the initial visit there are several imperative steps that must be taken. I will separate the two based upon whether one would have a trust established before the RV or whether there is no pre-established trust.

I. Procedure if NO Trust is established prior to exchange: 

1. Request the bank to open a NEW non-interest bearing account. They will try and establish an interest bearing account. It must be NON-INTEREST as of now. This is called Account #1. 
2. Open up a separate account for each kind of currency i.e. Account #1a for IQD and Account #1b for VND. The reason for separate accounts for different currencies is to differentiate, if necessary for tax purposes, between currencies which were tradable and currencies which were not tradable prior to revaluation. It is our understanding that the revaluation of a tradable currency is not, in and of itself, a taxable event. (The following steps 3 thru 6 must be followed with each currency separately. You may combine the separate currency account assets into the Holding Account at step 7).

3. Once Account #1 is opened, deposit your currency into the account and exchange into the new Treasury currency.

4. Immediately have the bank open a second account (Account #2) and have the bank “sweep” everything from Account #1 into Account #2. Have the bank close Account #1. Repeat this step for Account #3 and have the bank sweep Account #2 into Account #3 and close Account #2. The reason you are doing this is that the bank is required to report the opening of Account #1 to the federal government and that information can find its way into the public domain;

however, the bank is NOT required to report intrabank transfers between accounts.What this does is effectively eliminate your digital trail so that nobody outside of the bank knows how much money you have on deposit and, more importantly, whether or not you are a good target for a lawsuit. 

5. If there is a need to utilize funds for personal use or to pay for a trust to be established, it is encouraged to pull these funds either in cash (less than $10k), or in a cashier’s check on your first visit and take it to your respective bank and use Account #3 for this.

6. It is IMPERATIVE to request a “clean and clear certificate” while you are at the bank on your FIRST visit. This certificate states that your money is clean and clear of all criminal activities to which it could be associated. It is encouraged to get NO LESS THAN 20 COPIES!!! I was told that the bank “should” offer 3 copies but will charge for additional copies.Pay for them! The purpose for these is for future use for your money. You may be requested to prove where your funds came from and if they are clear of criminal activity. These certificates prove that the bank certifies that your funds are clean and clear.

7. After your trust is established; you will then take all trust documents to Wells Fargo and have them put Account #3 into the trust. Label this account as your Holding Account.

8. Once the funds are in the trust account; it is encouraged to establish no less than 4 accounts within the Trust. I will label and describe them below.

a. Holding Account – This will be a non-interest bearing account which will hold the bulk of your funds.

b. Tithe Account - 10% of your funds to be used for charitable giving.

c. Mad Money Account - 10% of your funds to be used for self-indulgent playing, vacations and luxury purchases.

d. Tax Account – You are encouraged to hold 15% of your funds for a year to offset any possible tax implications. If there are no tax implications after a year, have the bank “sweep” these funds back into the Holding Account and close this account.

e. Project Account – We recommend no more than 20% of your funds in this account. This account will be the funding source from where all funds will come for business ventures and projects.

f. Maintenance Account – This is the only account that WILL NOT BE IN THE TRUST!!!This account will be the one you use daily. This account should never hold over $50k for liability purposes. This account can be funded with a reoccurring transfer from the “Holding Account”in the form of a monthly stipend that shall be used to cover monthly expenses such as your mortgage payment, your auto loan or lease payment and your monthly utility and maintenance payments. (It is not clear at this time whether this would create a taxable event.) 

9. Remember that the Trust will purchase, provide and own everything that you need. You own nothing, but control everything. The reason you still want to be making monthly mortgage or loan payments is because these liens “encumber” an asset and make it less desirable to someone looking for assets to attach. 

II. Procedure if there is an established Trust prior to exchange: 

A. If at all possible, you should take your trust documents into the bank and set up a non-interest bearing account in the name of the trust. Open the account as a “business trust” entity.

B. Transfer ownership of all interest in your currency to the trust by executing a Bill of Sale for the amount at which the currency was purchased. That way, the currency is revalued inside the trust and your personal tax liability is only for the amount at which you sold the currency.

C. Take the currency and your Trust Documents into the bank for the exchange and start at step 2 in Section I above. 


III. Issues with LLC’s and LP’s and any other business entity and trust accounts: 

It has recently come to our attention that Wells Fargo will not work with LLC’s and LP’s and other business entities serving as a Trustee under a trust. By utilizing these business entities, it may be necessary to understand that a taxable event may be inevitable in order to fund these from the Trust Project Account. This will be one of the first issues that will be addressed with Attorney’s Post/RV

THEY WILL BE READY TO GO, 22 DEC

[WILDDUCK] It is a fantastic gm Wow we got past 12/21/12 Huge cracks did not appear in the earth and large rocks did not fall from the sky, Barry headed to Hawaii and the Today will be longer then yesterday. What more could you ask for?

 [2012jesus] the only people looking for it is dinar crazies like us 

[ [redhead1] dollardude - good morning - are you still happy and expecting this blessing asn? Hope all is well with you and family.

 [2012jesus] slip there it is weeeeeeeeeeeeeeeeeeeeeee

 [dollardude] redhead1 ASN for the past seven mths.

 [2012jesus] all is ready and go read okie post ,there are so many hints in it and what you been hearing addds up 

redhead1] dollardude - well - when it happens we will forget how long it took

 [dollardude] redhead1 I'll forget alot of things.

 [2012jesus] redhead1 yes all we will be doing is looking at the #'s and all the zeros behind the # 's weeeeeeeeeeeeeeee

 [burk50] What hint are you looking at?

[2012jesus] redhead1 there is more to his post ,look hint 

 [redhead1] 2012Jesus - okay - again - will let you know if I can decipher it - you seem happy about it

 [2012jesus] redhead1 not just me a few others i talked to on phone weeeeeeeeeeeeeee very HAPPY HAPPY 

[Mitzi] burk50 you have no idea how good that would be if it happened today...even it it didn't quite make it for Christmas gifts

[flashing] please remember is like a bearer ck. be careful when u go to cash out. if anybody steal it u will loss ur money. u can be a theft victim so please be thinking in ur security measures to cash out

[burk50] Flashing,why does it have to be done by Dec 31st? Forgot why

 [flashing] burk50 -Tarasov term will expire

 [WILDDUCK] We, meaning friends of mine have been confirming realworld information, In the business world that is tied to the PP's. They have not ever and are not now driven by chat rooms nor rabid Maliki watching lousy google translations for repro info 

[calibeach] WILDDUCK what are you seeing on the banking side of it?

WILDDUCK] calibeach dithiering around in anticpation, teetering but not ready for primetime

[calibeach] WILDDUCK ok now in English please roflmao 

 [WILDDUCK] puppylove Ok some nuts and bolts, One very big client like a 9 zero buyer has been telling us that there money was almost here for weeks. The called yesterday and said they will be ready to go. They have to spend the money to help people get into new homes that has lost their's uhmmm

[puppylove] WILDDUCK hmmm

[flashing] kids i cannot guarantee 100% and nobody can. but based on the articles we r in the finish line. 

[WILDDUCK] puppylove sounds like humanaterian platform to me, we are seeing a more then one example that is most encouraging that that big lady in the Opera is about to start singing. currency trading is 24/5 not 7 so kick back enjoy the weekend and Christmas ever will be here soon enough

[Maryrose] WILDDUCK sounds like movement!!

[WILDDUCK] Maryrose someone pass the exlax to washington please :superlachen: 

[Maryrose] WILDDUCK they are full of it!! 

[flashing] WILDDUCK agreed we r there

THEY NEED IT BEFORE DEC 31, 22 DEC


[.ladybug65] flashing What do you know this morning?

[flashing] .ladybug65 i still very very happy

[redhead1] Flashing - is there a possibility for the RV without the meeting?

[.ladybug65] flashing if you're happy then I'm happy !

[ceethree] redhead1 The ISX is due to open on jan 2 the pricing aspect or the exchange is supposed to be done on 12/25 let's hope that it happens

flashing] redhead1 imo and just my opinion i am just focusing in Kuwait Prime MInister visit because i think the u s a people have a small agreement hided

[vic406] Ceethree dead on let's hope sooner

flashing] redhead1 imo and just my opinion i am just focusing in Kuwait Prime MInister visit because i think the u s a people have a small agreemnt hided

~healthy3] well, so much for no more broke weekends. I am wandering if the PTB will eveer let us have our money. So, I owe, I owe and off to work I go. gm all

[flashing] ~healthy3 u will be happy and surprised too happy 
flashing] be happy we are just waiting for this Kuwaiti Ambassador: Kuwaiti economic delegation to visit Iraq soon   http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=25118:kuwaiti-ambassador-kuwaiti-economic-delegation-to-visit-iraq-soon-&catid=35:political&Itemid=2

 [raptor22] flashing what does that have to do with ce

[flashing] raptor22 international security

 [raptor22] flashing ok hope. when do u think it will be resolved

 [Mitzi] flashing can the RV still come at any time now, please

 [flashing] raptor22 imo could be happening asn or could be tomorrow. but it is just  my opinion. they need it before dec 31

[Mitzi] flashing thank you for still being one of the "good guys"...we really need you

[redhead1] Flashing - do you think the VND will still come out at the same time as the IQD

flashing] redhead1 of course

 [redhead1] Flashing - aren't you tired of this - I am - really tired - if it was not going to make us so rich - I would quit watching it

[flashing] redhead1 keep the faith we are in the finish line .

 [flashing] redhead1 just a couple of things more that are handled asn

 [Mitzi] flashing can Christmas still be green? I guess its still possible but we are right down to the wire now

 [flashing] i am very veryvery very very very veryvery very very very veryvery very very very veryvery very very happy

 [texcarman] Have y'all seen all of the negative comments to some posts on recaps?

 [mailboxmoney] flashing wow thats pretty excited

 [ivy10] flashing trying to catch your joy

[flashing] mailboxmoney i am happy

 [jamajacks] Mitzi IMO "green" to me is when I have the deposit slip in hand, so my answer is no...sorry

 [2012jesus] here is a hint were is our gov right now ,,????? wowowwowowowowow great time for RV why ,,,no gov, no reports,no tv to run news ,,holiday what is evryone enjoying a very good cover dont you think

[flashing] ivy10 be happy and prepared too

[Mitzi] jamajacks jamajacks I really think you are right....green means money to spend before Christmas Day for gifts

[ivy10] 2012jesus right. i should have thought of that.

[2012jesus] best day for it is christmas

[childofgod] 2012jesus gm Great time to slip it in!

DISCUSSION ABOUT THE PROBLEM THAT HAVE WARKA BANK IN IRAQ, 22 DEC


TLAR:  Iraq to my knowledge does not have any insurance for any depositor like FDIC insurance.

 I know at one time they talked about this but I have not seen anything done in the years I've been reading.  If this is the case and there is no governmental insurance as of yet, anyone with deposits in Warka is at a greater risk than just owning the currency.  TLAR & OTHER’S  COMMENTS BELOW

BAGHDAD / obelisk: Central Bank has given the Warka Bank for ten days to comply with its decisions Judge deposit of $ 200 billion Iraqi dinars and not to damage the interests of its clients.

A statement issued by the bank and got the obelisk, a copy of "I faced the Warka Bank for Investment and Finance several problems and committed his administration a lot of mistakes, which summoned the Iraqi Central Bank to impose trusteeship upon start act Capricorn liquidate him has offered major shareholders in the bank several proposals for his rehabilitation."

"The keep the bank on this case is contrary to trends central bank in building a Iraqi bank Rezin and strengthen confidence" past to say "it Council decided to extend a warning to the Warka Bank until 12/31/2012 to pay what was agreed upon deposit of $ 200 billion dinars, Otherwise take the Central Bank of the necessary measures to eliminate him. "     
FULL ARTICLE & MORE LINKS  BELOW

KAPERONI:  FYI, if any of you have money in Warka, might be time to get it out.

CARRELLO:  Thanks Kaperoni.  This is not good news for anyone with money  in Warka, and it certainly is not a LOL event.

BYE THE SEA:  How many people did Breitling steer in the Warka direction. Over and over on his show he told Dinarians to open an account and to get ready for the ISX opening. The Warka account would make transfers to and from the ISX much faster.  Probably hundreds of folks sent their money. I still have all of his instructions, as I almost fell for it. Geez. What a mess.

RUSS:  Hi guys, it's obvious to me none of you are in Warka so I guess your opinion is from that perspective. Warka and the ISX is another level in this investment and therefore carries a higher level of risk, however, the possibility of far greater return.

Nobody should invest in any level of the IQD money they are not prepared to loose.

Your comments just cause people to go up and down in their emotions and are not helpful to them.  I expect to gain in some aspects of my Iraq investments and may loose on others.

If we base our Investment on 1 article you would have all dumped your cash many times, eg when M took over the CBI.

Warka may fail and it may not. if it does it has still provided me with a gateway that will cover my investment many times over.

Warka is no more or less of a risk now than two years ago. To my fellow Warka investors, relax. The last thing I'm doing is pulling out. Still sleep with my fingers crossed though in all aspects regarding the IQD. My post is not to convince people that Warka is fine, but to bring a different perspective to those posted so far.    Just my opinion and I could be wrong as my wife often reminds me.

MR. G:  Russ, thanks for stepping out on this. I have a big stake in Warka and involved with ISX trading with them. I trust what Breitling says and knows and if your involved like we are with Warka you know the risks but also know their are two sides to every story. I don't think Warka is going down at all and Breitling would let us know if he had concerns. I emailed him with the link to this article.

TLAR:  Iraq to my knowledge does not have any insurance for any depositor like FDIC insurance.

 I know at one time they talked about this but I have not seen anything done in the years I've been reading.  If this is the case and there is no governmental insurance as of yet, anyone with deposits in Warka is at a greater risk than just owning the currency.

If Warka cannot meet this Dec 31st deadline it looks to me like they will be liquidated.  Also depositors will most likely only get a portion of their money back if that after this liquidation, only if there is any monies left to be divided.

 In the US when a company is liquidated as was done with Stanford Financial out of Houston, depositors and bank instrument owners were left holding the bag after the US trustees got done with closing the bank.

This was a well funded 55 billion dollar institution and there still was almost no money left over to pay depositors after the government trustees, lawyers and accountants took "their" share.

If it had not been for FDIC insurance the depositors would have all taken it up the arse.  In Warka's case, I believe the depositors are at total risk of losing everything if this insurance does not exist.

 Were I a depositor in Warka I would attempt to quickly pull my funds out until the worst is over.  If the equivalent of FDIC insurance or something like it is not in place, and the government liquidates all the assets, I can assure you what money is there will disappear as the "expense to liquidate"  faster than you can say speeding bullet.

Sorry Russ.  I know we are all at some risk as investors in the currency, but depositors in Warka at present are in a much greater risk at present than just owning the currency.

I'm not sure if it is too late to pull your investment in Warka and just sit on the sidelines for the time being to minimize your risk, but in MHO that's exactly what I would attempt to do.

Why not sit on the sidelines when you might still have a chance of salvaging your investment?   If you owned a stock that you knew could either be the same value tomorrow or quite possibly collapse tomorrow based on a coming event, what should you do?  The prudent answer would be to safe harbor your investment dollar until after the event.

RUSS:  Thanks mr g. Will be interesting to hear Breitlings comments. Again they will only be his opinion and none of us will really know how our Warka project pans out for another 3 years or so.

tlar, I agree totally with your post. I said in mine that Warka carries a much higher level of risk. In fact I guarantee I can find many convincing reasons why to stay away. If I had wanted my money SAFE, The last thing I would have done is wire it to Warka.

By the same token my communication with them has been excellent in every aspect. Warka is one of the biggest private banks and has the eyes of the international investment public on it like no other. The CBI getting involved I saw as a good thing, and for Iraq wanting to convince the world that they are a safe please to invest, and then allow Warka to collapse, would not be in their interests.

thar, your knowledge and those of Kap and others on this site is fantastic. I appreciate what you share. I could never understand these things to the degree you do. So please keep it up.

I'm a simple investor. However, knowledge is of no use if your not in the game. I simply chose to put my money on the table, and if you like, that's where I lost it. (As an aside thought, I'm already ahead) Imagine if I pull my money off the table and they RV tomorrow.

Im sorry if Im a little off track with my comments, but Im over seeing people go up and down based upon over analyzed, poor news articles. We need to regularly step back and see the big picture.

The reason I stepped in to this post was the advice to "get out now " based upon this article. I choose to keep my chips on the table. Based on the big picture, Im still in with a 50/50 chance.

KAPERONI:  Look at the issue for what it is...And I must say Tlar layed it out the Warka issue as clear as anyone could.  You either take your money now while you still can, or risk a substantial discount if Warka is liquidated. You are fairly warned.   Recently the ISX has created a new "custodial banking relationship" and IMO, if you desire to continue to trade, find out who that is and transfer your funds ASAP.    Use your own instincts on this matter.

KAPERONI:  Russ, it's not important what I think.   I am clearly just stating that this is a real problem.  And as someone such as yourself who uses Warka as a tool to invest in the ISX, it seems like a no brainer to transfer the funds to the new ISX custodial banking partner if you want to continue trading.  Now I dont know who that is, but I am sure it would not take much effort to get that information.  It might even be on the ISX website.

http://www.isx-iq.net/isxportal/portal/homePage.html?currLanguage=en

FULL ARTICLE & LINK FROM ABOVE WITH MORE LINKS TO OTHER ARTICLES FOR FURTHER READING

BAGHDAD / obelisk: Central Bank has given the Warka Bank for ten days to comply with its decisions Judge deposit of $ 200 billion Iraqi dinars and not to damage the interests of its clients.

A statement issued by the bank and got the obelisk, a copy of "I faced the Warka Bank for Investment and Finance several problems and committed his administration a lot of mistakes, which summoned the Iraqi Central Bank to impose trusteeship upon start act Capricorn liquidate him has offered major shareholders in the bank several proposals for his rehabilitation."

The statement noted that "the Board of Directors of the Central Bank studied two options to address the situation Bank Warka first heading toward (liquidation) and the second emphasizes the (rehab) under very careful on the interests of depositors and their rights and noted that the liquidation of the bank threaten their rights."

"The keep the bank on this case is contrary to trends central bank in building a Iraqi bank Rezin and strengthen confidence" past to say "it Council decided to extend a warning to the Warka Bank until 12/31/2012 to pay what was agreed upon deposit of $ 200 billion dinars, Otherwise take the Central Bank of the necessary measures to eliminate him. "

The Central Bank of Iraq announced, (5 March 2012) on the status of the Warka Bank under trusteeship after the failure of talks with British bank Standard Chartered, which began in April 2011 to buy a stake in it after suffering a financial crisis summoned and placed under guardianship.

Warka Bank for Investment and Finance, which was established in 1999, 130 branches and 350 ATMs in all parts of Iraq.

It is noteworthy that Iraq has seven banks owned by the state and 23 private banks and eight Islamic banks in particular, according to the site's central bank, while dominated by the banking sector banks Rafidain and Rasheed Aovernmaan, and subject currently restructuring in order to pay off the debts accumulated after years of war and sanctions.  LINK

#2 Central Bank gives a Warka Bank between liquidation and payment of 200 billion dinars

19-12-2012   Alsumaria news/Baghdad       LINK

#3 CBI announces its guardianship "Warka" and waving his elimination

Wednesday, January 19 1 / December 2012 21:31

Twilight News / board of the Central Bank of Iraq, Wednesday, the liquidation of the Warka Bank did not pay the amount of 200 billion dinars before the end of the year.  Warka Bank 130 branches across Iraq.   LINK

#4  Central Bank Warka Bank choice between liquidation and payment of 200 billion dinars

Published in: 1:27 pm, December 20, 2012    LINK

BAGHDAD (Iba) .. The face of the Iraqi Central Bank warning liquidation of Warka Bank for Investment and Finance did not pay $ 200 billion Iraqi dinars before the end of this month.