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DINARESGURUS.BLOGSPOT.COM_________________

Sunday, June 17, 2012

STUDLEY POST, 17 JUNE

[studley] Ok all, there is a very good reason I can't come in more often, SILENCE IS GOLDEN, way more gets done when no one truly knows what is happening, issues get resolved, no more docs to be signed, no issues with Iraq, this event is WAY BIGGER THAN IRAQ, patience my friends.... the noose is tightening like never before... timing is everything.... better get used to eating chinese food.... logistics around the world is coming to an end.... please hold on... Take care

[studley] Angel thanks sweets... one more thing.... war is raging.... war will be raging for a long time, read the ART OF WAR, IT WILL EXPLAIN EVERYTHING


[studley] watch EU events, Greece is only the beginning, focus on Italy, and Spain, dominos are falling, READ BETWEEN THE LINES, DARK FORCES ARE TRYING TO COVER UP THE TRUTH, truth will appear shortly, it will be like a dam breaking, first you will see the cracks, then, it will burst, watch what the Fed Reserve does.... very telling if the central banks can keep their charades going.... the good forces are trying to make changes without upseting the apple cart... only time will tell if this is possible.... oh by the way, watch the markets, stock, and commodities, very telling if we see anomolies in the markets, if commodities and stocks move in unison it means they are being manipulated, very dangerous trends, watch the USD and EURO, u will see trends, they should move in opposite directions, watch the major players in government, they are all jockeying for position, waiting for the global shift.... we are in this ship together, hang on, it might get bumpy

CHATTER IN DINARLAND, 17 JUNE


[wango1] Soonerpatriot - As we approach this RV we have tons of positives today that this is on the cusp of coming to fruition.

[wango1] Soonerpatriot - These positives are supported by strong intel such as banks manning call centers, certain IT initiatives that needed to be completed and are, plus a host of other initiatives that needed completion and now are done.

[wango1] Soonerpatriot - The RV is done. It is out of our hands and we have no influence on the rate, the time, or whether whales have cashed out before us. We also have no control over the Greek vote, or whether it impacts upon the European Union.

[wango1] Soonerpatriot - All this has minimal impact upon the RV before us and we have no control over it even if it does impact in some way.
[wango1] Soonerpatriot - All that we have control over is our individual initiative and what we plan to do with our blessings.

[wango1] Soonerpatriot - For some, this is a dream come true after grinding away at jobs we didn't like and now we will be able to relax for a bit. This is fine, but don't forget the others who weren't chosen for this blessing.

wango1] Soonerpatriot - Then there are those of us who are planning to continue work, many of us in new endeavors that this blessing has made possible. We still need to take care of those not chosen, but we also must try to make this perpetual for future generations.

wango1] Soonerpatriot - We all have been selected for this blessing for different reasons and to perform different tasks or missions with this blessing. Some of us have no clue what lies before us, while others have clear ideas and are preparing well for the moment after the ball drops

[wango1] Soonerpatriot - If you fall within that category without a clear vision, don't despair. The best steps is to place your blessing within a NIBA account if you're American and seek the help of professionals - people you can now pay to provide you their services.

[wango1] Soonerpatriot - Just stay calm, take good notes, and stay as close to those things you know, at least at first. If you were a beginning writer, you don't want to write about rocket science unless you once were a rocket scientist.

[wango1] Soonerpatriot - This is a time for celebration, to finally realize what we've waited so long for these last few months, not knowing when or if it would ever happen, yet defending our actions against the naysayers. Yes this is a time to feel good about ourselves and know that we're unique.

[wango1] Soonerpatriot - We're unique in all of the history of humanity and nobody has ever done what we're about to be a part of in the next minutes, hours, days, weeks, months, and years. Don't be shy. Be proud of what you've accomplished just getting to this point in the process.

[wango1] Soonerpatriot - Not everyone has the abilities to stay the course like you have. I'm reminded of the patriots in the American Revolution who stood the course despite facing a superior army, navy, and country. But they did what you are now doing - not quitting - staying the course.

[wango1] Soonerpatriot - God Bless Everyone - Remember where you've been and how you got here. Pay IT Forward and Backward, but most of all enjoy the moment. You deserve to pat yourself on the back for getting here.

[wango1] Soonerpatriot - chillimac We see it when the PTBs tell Okie to announce it, the banks set our appontment, and we actually have the chance to convert colored paper that nobody's wanted up until now into real currency that we can use in this blessing - not a moment before!

[wango1] Soonerpatriot - Sono The message may be similar, but it's all original and current as of a few minutes ago. It only seems the same because our part of this blessing hasn't changed. We're still waiting for the PTBs to pick the best moment to suit them - the banks and all of us are ready to fulfill th


[mimi3] BOBGETZ6 what is going on in the Dinar world!!?

[BOBGETZ6] mimi3 No clue as I thought we would be done this afternoon.

[healthscans] BOBGETZ6 No betting Bob!

[BOBGETZ6] healthscans With what?

[mimi3] BOBGETZ6 This is starting to make me very nervous!!

[healthscans] BOBGETZ6 That is what I am saying, no money for any bets! lol!

[BOBGETZ6] mimi3 Me too.

[BOBGETZ6] I am starting to doubt the when. I could care less at the moment on the rate

[mimi3] BOBGETZ6 I am doubting the whole thing

[healthscans] dejoie You are right. I wonder how we will act to be able to go into a grocery store and buy anything that we really want.

[BOBGETZ6] mimi3 It will happen, just hope in my lifetime.

HISTORIAN POST, 17 JUNE


Historian – Messaging may say “It Failed” before “Global Reset” – June 17/2012

Hello Everyone!

Here is an extract from an Associated Press article that is significant for the RV and “global reset”. Mainstream media declares that key portions of the current financial model do not work at the design level.

This article comments on the Eurozone model in light of the Greek crisis. The key words are in the 3rd paragraph from the end of the article: “all the design flaws are becoming apparent.”

Associated Press | June 16, 2012, 9:58 AM EDT | How shock waves will hit US if Greece drops euro | NEW YORK (AP)  ….. “Putting 17 countries together to share a common currency worked well when Europe prospered. 
Now that they're struggling, "all the design flaws are becoming apparent," he says. “And every solution that's supposed to fix a problem creates another problem.”

http://hosted.ap.org/dynamic/stories/U/US_MAPPING_GREECES_EXIT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-06-16-09-58-56

(Credits and thanks to Leo for finding this article.)

If those driving this RV have a communications strategy that is set on managing optics or public opinion, then we will hear conclusions about the failure of the current financial model in mainstream media before we see the RV and “global reset”.

From a PR perspective, they would need to publicize that it has failed before they could move to fix it.

If those driving this RV, however, DO NOT care about optics or public opinion or prefer to explain it after the fact, then they can RV whenever this wish.

I prefer the latter of the 2 options. Everyone already knows that the current financial system and the Eurozone experiment are dismal failures.

 UWe do not need the media or anyone else to confirm it. We need to replace what does not work with something that does, and move on. And the sooner, the better.

Have a great day! And GO RV!  :)  Historian

FOOTFORWARD POST, 17 JUNE


Intel4U FOOTFORWARD 6/17/12 12:30AM EDT
[footforward] OK SOMETHING I HAVE TO ADDRESS BECAUSE I GET PEOPLE ASKING ME ABOUT THIS ALL DAY. SO ODDS ARE OTHERS ARE ASKING THE SAME QUESTION....

FIRST OFF ITS A 100% ACCURATE FACT THAT CH 7 CAN NOT BE REMOVED WITHOUT AN RV....SO THAT MEANS ITS IMPOSSIBLE FOR US TO BE WAITING ON CH7 REMOVAL FOR THE SECOND TIME.

THERE IS THIS THINKING THAT FOR SOME REASON IRAQ WANTS TO BE IN CH7. YET WHEN I ASK WHY ON EARTH THEY WOULD WANT THAT, NO ONE SEEMS TO BE ABLE TO GIVE ME A GOOD REASON. WHY? THERE ISN'T ONE. IRAQ WANTS OUT OF CH 7 DESPERATELY.  SO THAT ALONE SHOULD POINT OUT THIS ISN'T IN IRAQ'S HANDS. IRAQ IS NOT IN CONTROL.....NEVER HAS BEEN – NEVER WILL BE. 
IF IT WAS UP TO THEM THEY WOULD HAVE HAD SANCTIONS REMOVED BACK IN 2000 OR EARLIER.  IRAQ HAS BEEN DOWN IN THE DUMPS LONG ENOUGH.....AND THEY ARE WORKING WITH THE GOOD GUYS TO HAVE THE MOST POWERFUL CURRENCY IN THE M.E. LAST TIME I CHECKED, 86 CENTS ISN'T GOING TO DO THAT -- AND YOU KNOW THEIR BUDGET IS SET AT NEARLY 4 BUCKS FOR 2012. I COULD GO ON...

DO YOU WANT MY HONEST OPINION ON WHATS GOING TO HAPPEN TOMORROW?  I’M GOING TO SHARE. BUT PLEASE DON'T FREAK OUT...

I EXPECT THAT THERE IS GOING TO BE A TON OF CHAOS SUN, MON, TUES AND FOR THE MARKETS TO ALL BUT CRASH EARLY NEXT WEEK, AND THEN LATER IN THE WEEK, OR CLOSER TO THE END OF THE MONTH, THERE WILL BE A "SOLUTION" OF A NEW FINANCIAL SYSTEM PUT IN PLACE. AGAIN THIS CAN GO ANY TIME, BUT THIS IS MY GUT FEELING. I’M MORE THEN OK IF THIS HAPPENS SOONER THEN THAT. MORE THAN LIKELY LATER IN THE WEEK OR TOWARDS THE END OF THE MONTH. MY GUT FEELING. THAT’S IT. DON'T TAKE IT FOR MORE THEN IT IS. – THAT’S NOT BASED ON INTEL -- JUST MY GUT FEELING.

INTEL SAYS RIGHT NOW-MY GUT SAYS END OF THE MONTH- I DONT KNOW WHY. I JUST PROMISED ID ALWAYS BE HONEST WITH YOU GUYS...EVEN IF YOU GUYS SAY YOU DIDN’T LIKE IT.  I ALSO SAID I COULD BE WRONG AND WAY OFF BASE.  I’M IN NO WAY SAYING THIS HAS TO BE AT THE END OF THE MONTH. PLEASE READ ALL OF WHAT I ACTUALLY SAID.

GUYS, UNDERSTAND THAT THEY HAVE TO HAVE A PLAUSIBLE EXPLANATION FOR THE GENERAL PUBLIC FOR THE CHANGE. IN ORDER FOR THERE TO BE A CHANGE THERE IS GOING TO HAVE TO BE SOMETHING DRASTIC TAKING PLACE.

THEY WONT TELL PEOPLE ABOUT THE WGS OR THE PPS... ITS NOT GOING TO BE PUBLIC KNOWLEDGE. GREECE IS PART OF IT, BUT IT KNOCKS DOWN THE OTHER DOMINOES.
FYI...VND WILL NOT GO WITHOUT THE DINAR.  I WAS ALSO CLEAR THIS CAN GO ANY TIME---ITS MY OPINION THAT GOD HAS MADE IT CLEAR FOR MONTHS THAT NOW IS THE TIME AND WE HAVE TO DO OUR PART AND ACCEPT THE BLESSING. AGAIN, THAT’S JUST MY OPINION.

ONLY TIME LINE I'M INTERESTED IN AT THE END OF THE DAY....BUT PEOPLE DON'T LIKE TO HEAR THAT.
ANYWAYS,  I DON’ T WANT TO START A DEBATE.....WE ALL WANT THE SAME THING....THE RV AND TO GO TO THE BANK...SO FOCUS ON THAT!   Footforward

BELLAGRITS POST, 17 JUNE

BellaGrits] :happy: HAPPY FATHER'S DAY TO ALL THE WONDERFUL FATHERS OUT IN THE CASTLE TODAY!!! HOPE YOU HAD A RELAXING DAY.... I DON'T WANT TO ELABORATE MUCH....BUT WOW, THIS HAS BEEN A GREAT DAY FOR NOT ONLY FATHER'S BUT AS A DINARIAN....HMPH! IT APPEARS THINGS ARE FIRING UP..... LINING UP.......AND WE EXPECT THIS REVAL TO COME AT ANYTIME.....

FOR THOSE THAT CHOOSE TO BELIEVE THE IRAQI NEWS.... I'M NOT SO SURE THEY ARE EVEN DENYING THE PROGRESS.....THEN AGAIN, LOOK AT OUR MEDIA??? A GLOBAL CURRENCY RESET? REALLY? THEY ARE TELLING THE WORLD? THE U.S.A. IS REPORTING IT? REMARKABLE!!! GET READY PEOPLE...WE ARE IN THE FINAL STAGES OF THIS EVENT..... I AM SO VERY HAPPY FOR ALL OF YOU, AND I HAVE TO ADMIT....I AM HAPPY MYSELF! :)

[Garfield] BellaGrits some have said we will see it today, what are you thoughts, thanks

[BellaGrits] Garfield I THINK WE WILL ALL BE CAUGHT OFF GUARD...I'M NOT LOOKING AT A SPECIFIC TIME IN THE LEAST.....BANKS ARE READY, IRAQ IS READY, THE WORLD IS READY, AND THIS CASTLE IS READ (UTMOST IMPORTANCE, RIGHT?)

[tornado] BellaGrits -Are you saying next week should be the week.....IYO..

[BellaGrits] tornado I AM LOOKING AT ANYTIME TIME MYSELF....

[..SweetQueen] BellaGrits YOU THINK THE CASTLE IS READY ROFL WE ARE ROCKIN THE CASTLE PARTY PARTY PARTY P

[BellaGrits] ..SweetQueen chinese I LOVEEEEEEEEEEEEEE CHINESE!

[dinadave7] BellaGrits Eggroll makes rv

[..SweetQueen] BellaGrits THANK YOU I PASS NOT MY FAVORITE BUT I WILL EAT CHINESE IF I HAVE TOO. 

. [BellaGrits] PHONE BRB

DINAR GURUS UPDATE, 17 JUNE


6-17-2012  Newshound/Intel Guru BGG    if it’s truly a “secret ballot” it will be even worse...for Maliki.  It will be a “landslide” – he has a very short, final window of opportunity. He has no major supporters and time is almost out. However, I do get the sense that he either intends to resign or fully implement – I always had the impression he would fight…it just doesn’t look like it right now...the only thing that might save Maliki is the magnificent pressure being applied gets him to “live up to” his end of the deal. Period. Other than that – he’s a “dead man walking”.   ["continued in post 5...stay tuned"]

6-17-2012  Intel Guru Hammerman  Smart cards are out in Iraq...even Iraqi citizens (foreign nationals) here in the USA received them. Iraq Military and the Iraq Government are using them.  Not all - some are using them at this point. All will have them to use by next week. Smart cards are mainly for the distribution of all revenue when that comes out (Oil revenues income).  Someone said smart cards were for welefare payments (wrong!). There will be no welefare in Iraq.  Any poor people will be non-citizens in Iraq. All these people (Iraq Citizens) will be FILTHY RICH...everyone of them.   ["continued in post 4...stay tuned"]

6-17-2012  Intel/Newshound Guru Poppy3    I have several broken bones in fact all bones on my right shoulder are broken plus three ribs...pain has been awful but they have me on a much stronger meds now and i am getting some relief finally.  I am out of the loop on the dinar except for a few sources.  ALL IS VERY WELL WITH THE RV . It is still dependent on timing on Maliki situationregardless of what many are telling you. They should act yea or nay on [Maliki] between the the 19th and 22nd then move fast to get us our rv...hang tuff and i will also.

6-17-2012  Newshound Guru Doc   We have seen a flury of wrong information posted on many sites this past week.  First, the discussion on Iraq/Kuwait and chapter 7 by the UNSC is scheduled for Tuesday, June 19 and not yesterday (Friday) as many reported.  Friday was simply the date to get the reports to the UNSC for review.  Unfortunately the initial reaction to the report is not as favorable as we would have hoped.  It was reported that Ban Ki-moon "..expressed regret yesterday for lack of tangible progress in the issue of missing Kuwaitis and Kuwaiti property in Iraq."  And it was further reported that the report recommended that the international coordinator be funded through the end of the year.  While we will obviously wait and see what happens Tuesday our hopes of chapter 7 release are somewhat diminished.  This initial response to the report was less than a glowing review.

6-17-2012  Intel Guru Okie_Oil_Man  We can tell you with great confidence that great progress has been made this last week by the entities that are heading up the Iraqi Dinar and VN Dong RVs. They are very carefully controlling and limiting the amount of information released so that they can get their job done. So please don’t take RUMORS as fact. Remember what we really care about is live public rate.

6-17-2012  Newshound/Intel Guru BGG  Most of what we have heard over the last month from the various Maliki camps and what we’ll hear coming up is just posturing. They have virtually no chance and now they know it. The SLC, Dawa party and NA are doing everything they can to try and stem the tide of this sentiment. It won’t happen. This is a runaway freight train and this coming week will be very interesting.   ["continued in post 4...stay tuned"]

6-17-2012  Newshound Guru Mike    we know they are going to do whatever they are going to do with their political process but it is our opinion what we really need to have is Oil and Gas Law done.  They can fight for the power once Parliament is in on the 21st but the 140/Oil & gas is so very important.  ["continued in post 6...stay tuned"]

6-17-2012  Intel Guru Hammerman  Bank activity today has been phenomenal. SPECULATED Rate IS TO BE at above $3.50 per DINAR - is all I'm saying.  Viet Nam Dong...Expected to go to .15 -maybe .16.  BANKS are saying it will go down this weekend.  If you learn how to intepret things - Later next week...It may show this weekend -We may not know it till next week.   ["continued in post 3...stay tuned"]

6-17-2012  Intel Guru Dinar Wishes   Something has to happen very soon as in before the end of the month if not sooner.... I feel it will come when we least expect it.

ENORRSTE POST, 17 JUNE

6-17-2012 Enorrste (Part 1): You may recall that Abdul Hussein Anbuge was one of those interviewed in the now infamous LOP article that we took apart a few days ago.This article falls in line with that article but is now limited to the one person only.  He offers 10 reasons why, in his opinion, the "remove the three zeros" project should be indefinitely tabled.  Unfortunately none of his reasons deals accurately with the situation. His first "reason" is a simple matter of opinion:  aren't there enough other things to worry about in Iraq that changing the currency?  Of course since he doesn't understand the process, even though it has been adequately explained by the CBI, he goes on to provide other "reasons" why this is such a bad idea, all of which are based on a false premise.  


The simple fact is that the plan has been in place for over 5 years, and is a major element in the overall recovery plan for Iraq. So the answer to this question is an unqualified YES!  This is important and does need to be addressed now, in spite of the fact that there are other issues in Iraq that also need to be addressed. His second reason is also based on a false premise.  By failing to understand that the project involves an RV instead of a LOP, he doesn't understand that the RV will CURE the inflationary pressures rather than exacerbate them.  He also doesn't believe that the project will "contribute to the value of the dinar."  Unfortunately, this statement runs directly in the face of the CBI's statements to the contrary.  The CBI has stated clearly that the project will definitely contribute to the value of the dinar.  Therefore, we see that Mr. Anbuge is just uninformed. His third "reason" has been mentioned by others:  the cost of the new currency is too high and the money could be better used elsewhere.


6-17-2012 Enorrste (Part 2): The CBI has stated that the cost of printing a new currency is about $150 million, or less than the amount of dollars sold at auction on a SINGLE DAY by the CBI.  In other words, the cost is not high at all.  Furthermore, the new currency will eliminate counterfeiting and fraud, both of which have a signicant ONGOING cost at the present time in Iraq.  Therefore, the overall affect of printing the new currency may well lead to a SAVINGS rather than an expenditure! The fourth reason is almost laughable, namely that the Iraqi people will suffer psychologically when 3 zeros are LOPPED off their currency (as he sees it now).  Once again he fails to see that the project involves and RV and not a LOP.  Therefore, he doesn't understand that the people will benefit greatly from the RV. 


 In short, there will be NO psychological impact on the people except a POSITIVE one as their wealth increases. The fifth reason has also been expressed before, namely that the project will lead to corruption and money laundering.  I find this one to be the most humorous, because there is absolutely no evidence whatsoever that this would occur.  It is an argument made out of thin air and has no evidence to support it.  In fact we read yesterday that 35 banks have now entered fully into the electronic banking that the CBI and IMF have been working on for some time now.  The issuance of a new currency will in fact REMOVE any opportunity for money laundering or corruption, rather than create it. 


The sixth reason is one that might have merit, were it not for the fact that the CBI has been managing this through seminars and symposiums to clarify the "process" so that the complexity of the project is minimized.  Admittedly switching from one currency to another is complex, and even more so when performing an RV at the same time, but it is not as if this has never been done before!  The CBI has numerous other country examples to look to for guidance during this process.  So why should it be any more difficult in Iraq than it was in other countries?  After all, they survived the process, right?  In short, this is a spurious argument that has fear as its basis, rather than logic.


6-17-2012 Enorrste (Part 3):The seventh reason is once again based on a false premise (the LOP theory).  He claims that people will "clam up" and stop spending due to "confusion".  However, just the opposite will occur when the project involves and RV instead of a LOP.  With more wealth spending will INCREASE, as will CONFIDENCE.  There will be no confusion and certainly won't be any slowdown in the economy. 


Reason number 8 is really weak.  He claims that there will be no real difference in "accounting".  For instance, he says, if something cost 12550 dinars before the project it would cost 12.550 dinars after the project (or in other words, the same amount of "numbers" but just a movement of the decimal point).  My response to this argument is simple:  SO WHAT?  This is no reason not to go ahead with the project, and carries no weight at all when there are many other POSITIVE reasons for the project to proceed, as stated numerous times by economists, Saleh, and others. 


Reason number 9 is about the same as number 8.  It again assumes a LOP.  However, when it is understood that an RV is in the mix, then the reason fails. A man who made 1 million dinars monthly prior to the RV would have a salary of 1000 dinars after the RV.  In other words, his salary "value" would not change.  The 1000 dinars would be "worth" what the million dinars had been worth prior to the RV.  The "number of banknotes" will not change (he is correct on this point) but the MONEY SUPPLY will drop from 30 trillion dinars to 30 billion dinars after the three zero notes are removed.  Therefore, his point is pointless, because he is counting bank notes instead of MONEY SUPPLY.  Who cares how many bank notes there are?  What matters is that the MONEY SUPPLY drops, which it will, causing the dinar to become one of the most powerful currencies on the planet. 


The final tenth reason is spurious as well.  He claims that there will be problems with the money supply because "good money forces out bad/old money".  This is called Cretiam's Law, and the CBI is COUNTING ON THIS as a part of the removal of the large notes process!  Rather than creating a problem it is actually solving one.  The large notes (old/bad money) will disappear quickly after the new small denom notes are introduced in 2013.  In addition the old/bad small notes will also disappear quickly.  This is in complete agreement with the plan of the CBI.  Therefore, reason 10 has no bearing in terms of being a negative. Well, there you have it.  Once again the "bad guys" are shown to have false premises, faulty understanding of the process, and possibly motivations that have nothing to do with the goals of the CBI (improving the overall economy of Iraq and its position in the world economy). It makes you ask this question:  Exactly what is the motivation for these naysayers?




BGG POST, 17 JUNE


6-17-2012 BGG: if it’s truly a “secret ballot” it will be even worse for Maliki.  It will be a “landslide.” He has a very short, final window of opportunity. He has no major supporters and time is almost out. However, I do get the sense that he either intends to resign or fully implement. I always had the impression he would fight. It just doesn’t look like it right now. The only thing that might save Maliki is the magnificent pressure being applied gets him to “live up to” his end of the deal. Period. Other than that he’s a “dead man walking.”

HAMMERMAN POST, 17 JUNE


6-17-2012 Hammerman: Smart cards are out in Iraq; even Iraqi citizens (foreign nationals) here in the USA received them. Iraq Military and the Iraq Government are using them.  All will have them to use by next week. Smart cards are mainly for the distribution of all revenue when that comes out (oil revenues income).  Someone said smart cards were for welfare payments (wrong!). There will be no welfare in Iraq.  Any poor people will be non-citizens in Iraq. All these people (Iraq Citizens) will be FILTHY RICH, everyone of them.

DOC POST, 17 JUNE


6-17-2012 Doc: We have seen a flurry of wrong information posted on many sites this past week.  First, the discussion on Iraq/Kuwait and chapter 7 by the UNSC is scheduled for Tuesday, June 19 and not yesterday (Friday) as many reported.  Friday was simply the date to get the reports to the UNSC for review.  Unfortunately the initial reaction to the report is not as favorable as we would have hoped.  It was reported that Ban Ki-moon "expressed regret yesterday for lack of tangible progress in the issue of missing Kuwaitis and Kuwaiti property in Iraq."  And it was further reported that the report recommended that the international coordinator be funded through the end of the year.  While we will obviously wait and see what happens Tuesday our hopes of chapter 7 release are somewhat diminished.  This initial response to the report was less than a glowing review.

PHOENIX POST, 17 JUNE

6-17-2012 Phoenix3333: Iraqi Dinar and CBI ~ Change the form of currency is necessary to reduce the money supply and does not require a new law!!  "Change the form of currency is necessary to reduce the money supply and does not require a new law. Reported decision of the Economic Committee MP for the Kurdish coalition blocs Mahma Khalil, that change the shape of the local currency after deletion of zeros of the three of them do not need new legislation of its own because the law of Iraqi banks allowed the central bank to issue a new currency and select the shape. Although the Iraqi constitution, refusing to issue or print a new currency and selection form by the Central Bank without new legislation permits this, but that the law of the Central Bank of the year (2004) grant the central authority to change the form of currency and issuance new look."

CHATTER IN DINARLAND, 17 JUNE


CoolSpot] Well on this Father's Day my prayer is that Maliki as a father would do what is best for the children in Iraq and resign. As a father, he set a terrible example of what a father should be. He wil be help accountable by our heavenly Father.

Jun 17 6:19 AM [BOBGETZ6] winalot Think this will happen today?

Jun 17 6:19 AM [winalot] BOBGETZ6 I THINK IT WILL HAPPEN TODAY/TOMORROW... THEY HAVE A PERFECT SET UP GOING

Jun 17 6:20 AM [BOBGETZ6] Agreed

Jun 17 6:20 AM [winalot] NOT GONN A WASTE IT, IN MY OPINION... WE SHALL SEE

Jun 17 6:20 AM [jacque47] THEY HAVE B 4................

Jun 17 6:20 AM [winalot] NOT LIKE THIS JACS
Jun 17 6:20 AM [jacque47] WELL............THEY PLAYIN THIS FAR

Jun 17 6:21 AM [winalot] THE WHOLE WORLD MEDIA IS FOCUISED ON GREECE, THINKING IT IS GONNA CAUSE MAJOR ISSUES WITH CURRENCY GLOBALLY

[redsnowbird] I heard a rumor about the dinar

[redsnowbird] it may come it today, tomorrow, tuesday, wednesday, this week, next week, before july

[aberry] eleanor anything new today

[eleanor] redsnowbird you don't happen to have a lock on the rate do you?

[redsnowbird] eleanor .86, 1.00, 1.17, 2.22, 3.22, 3.50, 4.00, 6.70, 7.00, 12.00, 24.00

[eleanor] aberry Not yet nothing confirmed just a lot of chatter about it happening today at a high rate, but I'm assuming it's just more hype to sell DInar

[redsnowbird] and my favorite $43

leanor] redsnowbird hmmmmm once again a precise forecast

[redsnowbird] eleanor Am I good or what?

[aberry] i heard that greece still didnt have results in yet

[eleanor] redsnowbird Best I've seen yet

[911GTS] greek election today could effect global markets, fox news

berry] 911GTS i heard polls still open no results but alot of very nervous people

eleanor] redsnowbird Now if you could explain to me how the RV could help the Euro problem I'd know everything

[911GTS] greece only has 11 million people but hold the world in it's hands

[redsnowbird] eleanor Well it is like this.... fiat money has no basis...it is just paper with a promise....all debt between countries are just paper entries on computers....even our money is paper entries on computers....I know announce that my paper is worth $4..

[redsnowbird] to your $1....now I have enough money to pay everyone off....and it is all on paper..

[redsnowbird] in a computer....and presto...no more debt.......I wish my mortgage would disappear like that!

[redsnowbird] That is how the government Turns!!

[eleanor] redsnowbird But unless greece owns a lot of Dinar it won't matter

redsnowbird] eleanor I think Italy & Spain gifted them some lol

[911GTS] fiat systems work, it's the promise to pay it back that's the problem

:hopeful2&2] fox news just said all us banks are working today

 Passion for Purpose] did they say why?

 [hopeful2&2] Passion for Purpose no did not say

 [hopeful2&2] did say something about greece voting today

[collie] Greek vote going on now...wonder when they will release the details.

[BIGREDDOG] collie 2 1/2 hourts before first results come in per Fox.

papajack] money Cometh!!!!!!!

papajack] Debt is dying, we are Royalty, our Daddy owns the cattle on a thousand hills, WHOO HOO!!

[papajack] If you only knew what I know you all would be SHOUTING, BBL

da58] was just reading an article, interesting..how freedom of press in danger in iraq..that being a journalist is one of the deadliest professions in that country..evidentally, they are continually in danger. Just killed another tv journalist. 

POPPY POST, 17 JUNE

guys i am hurt and staying all doped up . hard to answer ph or this note is very hard to do. I have several broken bones in fact all bones on my right shoulder are broken plus three ribs.

pain has been awful but they have me on a much stronger meds now and i am getting some relief finally.

I had to go to a specialist two days after i got out of the hospital to find out I had two broken bones they didn't even find.

OK I am out of the loop on the dinar except for a few sources that have manage to get news to me and I do appreciate them. ALL IS VERY WELL WITH THE RV . It is still dependent on timing on Maliki situation regardless of what many are telling you. hang tuff and i will also.

They should act yea or nay of M between the the 19th and 22nd then move fast to get us our rv

Parliamentary committee: political differences affected negatively on the possibility of approving oil and gas law, 17 JUNE


Parliamentary committee: political differences affected negatively on the possibility of approving oil and gas law

Posted: June 17, 2012 in Iraqi Dinar/Politics
17 June, 2012 02:27:00
The Commission on oil and energy parliamentary The recent political crisis has affected significantly the consensus on the law of oil and gas, indicating that the situation is now needed, and urgently to enact the law.
A member of the Furat al-Shara that the adoption of the law of oil and gas will take time as a result of the current political crisis that dramatically affected the efforts of approval, explaining that the Commission on oil and energy is serious adoption of the law, but political differences reflect negatively on these efforts,
stressing the necessity and urgency to enact the law at present as between Islam that Iraq needed to enact the law after 2003 as a result of change the administrative There are local governments in the number of provinces and an independent province in the north and foreign companies for oil investment all require a law to organize their work and their relationships.
http://bit.ly/KEGBAh

Continuing decline in oil prices threatens some of Iraq's budget items, says finance committee, 17 JUNE


Continuing decline in oil prices threatens some of Iraq's budget items, says finance committee

17/06/2012 16:57
BAGHDAD, June 17 (AKnews) - The continuing decline in oil prices in world markets threatens the implementation of many of the items approved in the general budget, which relied on the financial surplus in oil prices, said the Iraqi parliament's finance committee.

Iraqi OilCommittee member Shawrash Mustafa said: "The significant decline in oil prices will affect the overall federal budget and increase the fiscal deficit." 

The sale in oil prices in the international markets is witnessing a significant decline where the prices decreased by $30 (34,900 IQD) within a period of three months. The price reached $97 (112,800 IQD) per barrel. 

The Iraqi government approved the 2012 budget in December. The budget amounts to $100bn (117tr IQD) and a deficit of up to $13.5bn (17tr IQD). 

One of the items of 2012 budget in Iraq stated: "If the high price of oil reached more than $85 (98,800 IQD) per barrel, the amount of surplus of the budget will be distributed among the citizens, but the Finance Ministry confirmed that the value of the deficit and the surplus will not be known before the end of June.

By Raman Brosk

RN/DM/AKnews

Iraq's political crisis is affecting ability to legislate oil law, says parliamentary committee, 17 JUNE


Iraq's political crisis is affecting ability to legislate oil law, says parliamentary committee

16/06/2012 20:11
ERBIL, June 16 (AKnews) - The Iraqi political crises has negatively affected the country's ability to legislate the oil and gas law and the country is in desperate of this law, said Iraq's parliamentary oil and energy committee.

Member of the committee Furat al-Shara said: "The ratification of the oil and gas law needs time due to the country's current political crises.

"The committee is serious about the law approval but political issues reflected negatively on these efforts.

"Iraq has been desperate to have an oil and gas law since 2003 due to administrative changes. There are local governments in provinces, the Kurdistan Region in the north and foreign companies. All need an oil and gas law."

Iraq's Cabinet of Ministers approved a draft oil and gas law in 2007 but the law faced objections from Kurdish observers. The version gave more rights to Baghdad on oil revenue sharing and control of some fields in northern Iraq and restricted the Kurdistan Regional Government's authority on oil exploration and signing contracts with foreign companies.

By Raman Brusk
http://www.aknews.com/en/aknews/2/312618/

HH/DM/AKnews

Talabani's "wisdom" maintained political process, says White Iraqiya, 17 JUNE


Talabani's "wisdom" maintained political process, says White Iraqiya

17/06/2012 16:17
ERBIL, June 17 (AKnews) - President Jalal Talabani's "wisdom" about the crisis of withdrawing confidence from Prime Minister Nouri al-Maliki has prevented tearing the political process in the country, said the White Iraqiya bloc in the Iraqi Council of Representatives.

Talabani U MalikiTalabani refused to sign the request made by Iraqiya, the Kurdish Blocs Coalition and the Sadrist Movement to withdraw confidence from Maliki, saying that the number of signatures was not enough.

Bloc MP Aziz al-Mayahi said in a statement: "We welcome the steps taken by President Jalal Talabani and we support his efforts to resolve the political crisis.

"The political experience of the president of the republic made him deal calmly with the current political crisis where he was not affected by any external or internal pressure.

"This is clear evidence about his commitment to keeping the constitution and unity of Iraq. Talabani is not biased to any political or national parties and this prevented the implementation of external projects."

Talabani hinted days ago about withdrawing from the political process if the parties seeking to withdraw confidence from Maliki continued to provoke the PM.

By Abdullah Sabri

RN/DM/AKnews
http://www.aknews.com/en/aknews/4/312743/

UN General expresses regret on Iraq-Kuwait progress; Hopeful obligations will be achieved by year end, 17 JUNE



UN General expresses regret on Iraq-Kuwait progress; Hopeful obligations will be achieved by year end

2012-06-16 11:56:54
BAGHDAD (Iba) was Secretary General of the United NationsBan Ki-moon expressed regret yesterday for lack of tangible progress in the issue of missing Kuwaitis and Kuwaiti property in Iraq.
He recommended Ki-moon in his semi-annual on these issues to the UN Security Council, to continue to fund the international coordinator Supreme Gennady Tarsov until the end of the year.
He said in his report that the increase in cooperation between Kuwait and Iraq and the efforts made by the Iraqi authorities in the search for missing Kuwaitis and other countries in addition to Kuwaiti property «should be hailed and welcomed by».
He urged the Iraqi authorities to continue to take positive steps to implement its commitments to the international resolutions associated with these issues.
He also called on UN Secretary-General Ban Ki-moon in his Iraq and Kuwait to explore other ways to promote cooperation between them.
The general secretary of the expeditions involved in Iraq that operate in the framework of the Technical Subcommittee of the Tripartite Commission and under the auspices of the International Committee of the Red Cross «seem to have an appropriate mechanism and concrete to investigate the fate of missing Kuwaitis and nationals of third countries» in spite of the lack of progress in this area.
He said in a report that Iraqi Foreign Minister Hoshyar Zebari said last May in his country’s commitment to resolve all outstanding issues with the State of Kuwait in order to achieve a rapid exit of Iraq from Chapter VII.
Detection and UN Secretary-General for Iraq not to oppose the forms of international intervention to achieve progress on these issues despite their preference to work bilaterally.
On the Kuwaiti property, Ban said there has been no tangible progress on the search for the Kuwaiti National Archives or the presence of reliable information about his fate, or where it is.
He welcomed the formation of Iraq’s Committee aims to coordinate the search for Kuwaiti property, especially the National Archives of Kuwait looked forward to intensify these efforts by the Commission for access to the site of the National Archives of Kuwait.
He said although he has not so far to reach the archive Kuwait «But Iraq is proved by the discovery of some of the missing Kuwaiti property» that spawned his constructive positive results on this file.
He pointed out that the Iraqi authorities moved to Kuwait earlier this year and old documents of the Bank of Kuwait and coins, documents and keys to a private central bank coffers of Kuwait.
He added that the Iraqi authorities transferred 15 tapes (microfilm) containing the archive Kuwait News newspaper strip 136 (microfilm) contains the archive Kuwait newspaper today.
He welcomed the confidence-building measures and cooperation between Kuwait and Iraq, expressing the hope that it leads to positive results as soon as possible on these issues.
He recommended the UN Security Council, who will discuss this issue next Tuesday, the task of financing the extension of important international coordinator Supreme Gennady Tarsov until the end of this year to consolidate the progress achieved by Iraq to meet its international obligations on the issue of missing Kuwaitis and Kuwaiti property.
He urged Iraq and Kuwait to continue to work to strengthen the ongoing cooperation between them in order to search for missing Kuwaitis and Kuwaiti property.
He explained that the achievement of tangible progress in this humanitarian issue and to take necessary actions of Iraq before him on the outstanding obligations and for many of the international resolutions «will lay the foundations for good out of Iraq from Chapter VII».
The Secretary-General of the United Nations Ban Ki-moon that the Kuwait and Iraq to redouble efforts on issues that have not yet been resolved between them.
http://bit.ly/LsA7kx

THE IQD TEAM CC, 17 JUNE

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BWM & DINARWISHES CHAT, 17 JUNE


[RCM] BWM do you think the UN operational site being down is because of the Geeek elections or something more?

[BWM] RCM I think everything that is happening is good for us at the moment...

[DinarWishes] Peeps and Squirrels I must say I have been out of chat for a few reasons.... Most of which I think too much information has been let out or too much Mis-information has been let out.... I will say for the record.... Something has to happen very soon as in before the end of the month if not sooner.... I feel it will come when we least expect it....
  [wisewarrior] ok anyone answer/comment..... I was thinking this morning maybe if the PTB has been watching chat, hearing us talk about the possible major slide in the dollar....that maybe they "changed their plan" and the dollar might actually strengthen as peeps around the world gasp for a safe haven?

USD - but then some say we may have crazy strength on the back of the bailouts til mid october.....but I know no one has a crystal ball.....

[DinarWishes] wisewarrior it’s all speculation till it happens... no one can say for certain what will happen

[wisewarrior] but the markets....if they are gonna tank usually do so in Sept and Oct..happens nearly every year..

[DinarWishes] wisewarrior Especially being an election year

[wisewarrior] DinarWishes however I have been taught....in an election year if there is no certainty on who will be elected the markets do squat til there is clarity.....the market hates uncertainty

[DinarWishes] It doesn’t matter who wins I see the markets going crazy this year around Elections.... Look at the uncertainty of the Greek Elections.... Cite who have never closed before are closing tomorrow because of the Elections in Greece.... Something to think about

[wisewarrior] DinarWishes oh yeah, totally

[DinarWishes] So BWM whats shakin

[wisewarrior] DinarWishes ok so with Oanda closing do YOU think it's tied to a possible rv? good way to hide it many think....what say you?

[BWM] DinarWishes just got home about 45 minutes ago... caught up on the reading and checking the horizon for spouts

[DinarWishes] wisewarrior I’m not a Date/Rate guy..... Do I think it is a good distraction.... Possibly but I really don’t think its gonna need a distraction as it is only limited to just we few.... I know everyone thinks it is gonna be a huge monumental event if the RV happens but it’s just international business... The Side show is all the Drama that these rooms provide.... IMO