News
Iraqi Dinar Buzz Updates
Michael Email: Synopsis of Where We Stand
2010-12-28 07:59:59
There is updated Intel at the bottom…
If you are invested in the Iraqi Dinar (IQD) then you are a Currency Speculator.
What is a Currency Speculator? A currency Speculator is one who is gambling on a rate of a certain currency. Nearly all global currency values rise and lower in a continual ebb and flow dictated by the global economy. Generally speaking the values only rise and lower in the single digit percentages unless in rear cases a catastrophic event occurs such as war.
A currency speculator looks at different economies and gambles on potential outcome that will cause an upward trend in a given currency. Once they make their decision based on their studies, they simple exchange their currency for the currency they are speculating, then watch the global foreign currency exchange market (like Forex) to know when to sell. This practice is very much the same as trading stocks and does carry risks. As with stock, one can minimize their rise by simple doing their homework. For instance, there are some currencies that are against the law to speculate, if you are not aware of this and exchange into that currency, you will not be able to get rid of that currency. There are also counterfeiters in all currencies and if you do not know what to look for in a given currency, you may be buying fancy colored paper instead of an actual currency with a value.
Another key point that you may or may not be aware of is that some currencies have national or international restrictions placed on them, not allowing the currency to be speculated. However a key point I want to make here about our investment. When the PLAN was being formed back in 2003 or before, the IQD was singled out and given a special consideration. A mandate was granted from the IMF (International Monetary Fund) and the US to allow the IQD to be speculated, thus giving us in the know an opportunity of a life time.
The PLAN we speak about was developed many years ago based on the world economy. You see, one would have to do a lot of studding of the global history to see but there is and has been pattern and a need to make global economic adjustments every decade or so based on where the economy is at a given time. When these occur, most of the global population is unaware of the adjustments and if you were paying attention, all you would notice is your governments local economy seems to start doing better. The last time this occurred was after Kuwait was liberated. There was a much smaller window but the fact remains that there were folks the speculated the Kuwait dinar and made millions. In this instance, the need for the global financial adjustment was slight.
As you know by listening and reading in the news, this financial crisis is wide spread and touches every world economy in a major way. The architects of the plan realized the depth and breadth of this serious economic crisis. So the design in this case is huge because it has to be, to jump start economies around the globe. Iraq became the natural target for the needed economic adjustment for many reasons. First and foremost was to oust Saddaam and try him for crimes agent Humanity. The second was when he took control of Iraq; he pulled all of Iraq’s currency and printed his own currency with his face on all of the notes. At this time the standard IQD was pulled off the international market and shelved. The IMF gave it a program rate of 1180 IQD to $1.00 USD (even as far back as this was, the insanely low rate could have been part of the PLAN). This was a major decline in the value which was $3.22 IQD to $1.00 USD.
What took place from that period until now, is as they say, the rest is history. So now we are at the present and there is a ton of people invested in the IQD (actually less than 8% of the total global population) wanting to know when and if Iraq is going to RI/RV their currency.
History and why we know Iraq will RI/RV?
First I want to point out the statement RI/RV. RI represents a Reinstatement of the IQD, which means Iraq would reinstate the Dinar back to per-Saddam value of $3.22 IQD to $1.00 USD. An RV represents a Revalue of the Dinar meaning that they will give their currency a higher value than it once had before the IMF gave them a program rate in the beginning of the Saddaam take over.
There are as many opinions on the topic of RI or RV as there are forums. Along with that only 8% of the global population is invested in IQD. By design, the entire global population cannot know about this and take part because Iraq could not cover that many people being involved. Nor do they have enough IQD for everyone to own some. Just as any country, Iraq knows exactly how much currency they have printed. So to curve speculators Iraq and other governments around the globe have put out false information and propaganda to steer the attention away from what is happening. However, for this to work for the global economy, Iraq and the IMF needed a certain amount of speculators, you and me to accomplish two things.
First Iraq needed us to hold the rate of the IQD stable once they got rid of the Saddaam currency and put their original IQD back out there. We made it stable buy purchasing it through currency exchanges. The daily auction Iraq has been having is to establish a rate and then show the IMF they can hold it stable. The IMF needs a certain amount of speculators; you and me, to boost the economies around the globe, by spending our new found wealth once all is done and Iraq adjust their currency. Just image the impact it is going to have on the us economy when over 1million new millionaires start spending their new found wealth on housing, cars, and goods. That is not to mention the relief the US government will realize from the estimated 7 trillion IQD they hold in the US Foreign Currency Reserves, as well as all of the taxes they will be collection from you and me and this is going to happen in every country on the globe. You start to understand the magnitude and the full breath of the PLAN…
Okay, what is in it for Iraq:
Well first and foremost, we removed a dictator that ran the country without regard to humanity amongst the Iraqi people. He kept them in poverty while he ran one of the most corrupt regimes on the planet. Murder, corruption, fear, and hunger were a way of life for many years.
Lead by the US, the UN and many counters from around the globe liberated Iraq from this dictator and brought him to Iraqi justice, you know the rest.
The collaboration of forces set the stage for Iraq to become the great nation it once was. IT is Iraq’s desire and continual effort to become an upstanding member of the International community once again. They have made great strides as they have worked to get rid of the many atrocities and problems the former regime left in its’ wake. Iraq has worked methodically to eliminate the many road blocks that stand between them and regaining their once proud heritage as a member of the International community and in good standing.
1. There were many resolutions that needed attention
2. There were and still are some sanctions placed on them
3. They were in Chapter 7 protection
4. They had to rework their Constitution
5. There was considerable debt owed to the world governments
6. They had to grasp a full understanding of their financial books, after many years of corrupt book-keeping and the loss of billions of IQD.
The UN forces back by the US troops said we have a plan and here it is…
1. See there is a thing called the Paris Club, which is a group of 19 major governments from around the globe. All of which you, Iraq, owe a great deal of money too. In the billions in fact. Well we have put together an agreement that says we, the 19 world economies will forgive your debit as long as you allow each of us to hold your IQD in our Currency Reserves and allow us to eventually return the IQD we are holding for a revalued dinar rate. Furthermore we will not release our entire dinar holdings on you all at once. It will be a controlled return over a period of 24 month. (For this piece, which Iraqi agreed to, they have to RI/RV by Dec. 31st 2010 or the forgiven Debt will be due at once).
2. The IMF will grant you short term loans so you have funds to work with.
3. We will lift Chapter 7 only after you accomplish several things
a. Get your government seated and working
b. 2011 Budget worked out so we see you have included the RI/RV
c. Border disputes with Kuwait
d. Show that you have made great strides in getting the HCL completed.
4. Iraq if you do all of these things, we the UN/IMF will allow you to, at a minimum reinstate you currency at the $3.22 rate it once was at prior to the former regime destroying its value in the international market. We will also allow you to add 20% for cost of living increases that have taken place over the years that your IQD has been out of circulation.
5. As an added incentive, based on the quality and quantity of crude you have in the ground, we will allow you to revalue you currency instead of reinstating it to a value within reason. We are allowing this because based on our investigation of your oil fields… You Iraq will be one of the richest if not the richest countries on the globe. It is your choice as to where you want to revalue your IQD but our projections estimate you could withstand a rate as high as $16.00 IQD to as low as $1.00 USD. We would highly recommend to you that a rate that high will cause many problems and have inherent risk. With all of the news and knowledge regarding your economic potential it would be way to risky to come out with a rate lower then you previous value for $3.22 IQD to $1.00 USD because anyone with enough backing could come in and buy up all of your currency, there by controlling Iraq. It is our opinion that the rate needs to be such to curve further speculation but also be something manageable in the short and long term.
6. We feel a managed float over at least a 24 month period of time, with a controllable rate for now will accomplish what is in the best interest of all. It will allow sustained growth for the Iraqi economy, it will allow Iraq to become a member of the international community once again, and it will allow the IMF to boost the world economy. Also, it will keep someone from coming in and buying up your country…
1. The IMF is saying to Iraq, we are granting you the ability to reinstate your currency at the pre-Saddaam rate of $3.22 with a 20% increase for cost adjustment for the years it was out of circulation. Or because of the potential we see with your economy, we will also allow you to revalue your currency to a rate within reason. If you do this by December 31st 2010, we will agree to allow the Paris Club to forgive your debt and we will lift you from Chapter 7 sanctions. Thus allowing you to rejoin the international community with your currency and trade.
Sanctions that will be lifted:
a. Allows you to have an international recognized currency
i. Which allows you to trade on the Forex
ii. Allows Iraqi stock to be traded on the international market
iii. Allows all of the signed contracts for the oil fields, utilities reconstruction, road construction, building construction to begin
b. Allows you to receive global shipments from all of the ships that have been sitting in your ports.
c. Allows you to finally pay your government employees
d. Allow you to load the smart cards that will pay the Iraqi citizens living expenses for the short term, also pay the retired citizens. All of which have not been reviving anything for some time.
At this point, Iraq has agreed to everything and we are now in the last phases of this plan. We are waiting for Iraq to finally pull the trigger and release the RI/RV between now and Dec. 31st.
I believe the World community and the UN/IMF are not really leaving Iraq a choice and they are tired of Iraq dragging their feet… But, if for some reason they don’t pull the trigger by Dec. 31st, this coming Friday… According to the PLAN this was to happen in 2009… Not sure of all that would come down on them but it certainly would be the end of the current GOI…
The latest Intel we have received is that the message that came out yesterday that the GOI will be breaking for two weeks starting tomorrow is false.
PD claims that they have proof that the GOI is meeting right now and will be all this week.
They are still expecting the RV to happen before Friday and the very bottom rate, the lowest it could be is $3.22.
If you are invested in the Iraqi Dinar (IQD) then you are a Currency Speculator.
What is a Currency Speculator? A currency Speculator is one who is gambling on a rate of a certain currency. Nearly all global currency values rise and lower in a continual ebb and flow dictated by the global economy. Generally speaking the values only rise and lower in the single digit percentages unless in rear cases a catastrophic event occurs such as war.
A currency speculator looks at different economies and gambles on potential outcome that will cause an upward trend in a given currency. Once they make their decision based on their studies, they simple exchange their currency for the currency they are speculating, then watch the global foreign currency exchange market (like Forex) to know when to sell. This practice is very much the same as trading stocks and does carry risks. As with stock, one can minimize their rise by simple doing their homework. For instance, there are some currencies that are against the law to speculate, if you are not aware of this and exchange into that currency, you will not be able to get rid of that currency. There are also counterfeiters in all currencies and if you do not know what to look for in a given currency, you may be buying fancy colored paper instead of an actual currency with a value.
Another key point that you may or may not be aware of is that some currencies have national or international restrictions placed on them, not allowing the currency to be speculated. However a key point I want to make here about our investment. When the PLAN was being formed back in 2003 or before, the IQD was singled out and given a special consideration. A mandate was granted from the IMF (International Monetary Fund) and the US to allow the IQD to be speculated, thus giving us in the know an opportunity of a life time.
The PLAN we speak about was developed many years ago based on the world economy. You see, one would have to do a lot of studding of the global history to see but there is and has been pattern and a need to make global economic adjustments every decade or so based on where the economy is at a given time. When these occur, most of the global population is unaware of the adjustments and if you were paying attention, all you would notice is your governments local economy seems to start doing better. The last time this occurred was after Kuwait was liberated. There was a much smaller window but the fact remains that there were folks the speculated the Kuwait dinar and made millions. In this instance, the need for the global financial adjustment was slight.
As you know by listening and reading in the news, this financial crisis is wide spread and touches every world economy in a major way. The architects of the plan realized the depth and breadth of this serious economic crisis. So the design in this case is huge because it has to be, to jump start economies around the globe. Iraq became the natural target for the needed economic adjustment for many reasons. First and foremost was to oust Saddaam and try him for crimes agent Humanity. The second was when he took control of Iraq; he pulled all of Iraq’s currency and printed his own currency with his face on all of the notes. At this time the standard IQD was pulled off the international market and shelved. The IMF gave it a program rate of 1180 IQD to $1.00 USD (even as far back as this was, the insanely low rate could have been part of the PLAN). This was a major decline in the value which was $3.22 IQD to $1.00 USD.
What took place from that period until now, is as they say, the rest is history. So now we are at the present and there is a ton of people invested in the IQD (actually less than 8% of the total global population) wanting to know when and if Iraq is going to RI/RV their currency.
History and why we know Iraq will RI/RV?
First I want to point out the statement RI/RV. RI represents a Reinstatement of the IQD, which means Iraq would reinstate the Dinar back to per-Saddam value of $3.22 IQD to $1.00 USD. An RV represents a Revalue of the Dinar meaning that they will give their currency a higher value than it once had before the IMF gave them a program rate in the beginning of the Saddaam take over.
There are as many opinions on the topic of RI or RV as there are forums. Along with that only 8% of the global population is invested in IQD. By design, the entire global population cannot know about this and take part because Iraq could not cover that many people being involved. Nor do they have enough IQD for everyone to own some. Just as any country, Iraq knows exactly how much currency they have printed. So to curve speculators Iraq and other governments around the globe have put out false information and propaganda to steer the attention away from what is happening. However, for this to work for the global economy, Iraq and the IMF needed a certain amount of speculators, you and me to accomplish two things.
First Iraq needed us to hold the rate of the IQD stable once they got rid of the Saddaam currency and put their original IQD back out there. We made it stable buy purchasing it through currency exchanges. The daily auction Iraq has been having is to establish a rate and then show the IMF they can hold it stable. The IMF needs a certain amount of speculators; you and me, to boost the economies around the globe, by spending our new found wealth once all is done and Iraq adjust their currency. Just image the impact it is going to have on the us economy when over 1million new millionaires start spending their new found wealth on housing, cars, and goods. That is not to mention the relief the US government will realize from the estimated 7 trillion IQD they hold in the US Foreign Currency Reserves, as well as all of the taxes they will be collection from you and me and this is going to happen in every country on the globe. You start to understand the magnitude and the full breath of the PLAN…
Okay, what is in it for Iraq:
Well first and foremost, we removed a dictator that ran the country without regard to humanity amongst the Iraqi people. He kept them in poverty while he ran one of the most corrupt regimes on the planet. Murder, corruption, fear, and hunger were a way of life for many years.
Lead by the US, the UN and many counters from around the globe liberated Iraq from this dictator and brought him to Iraqi justice, you know the rest.
The collaboration of forces set the stage for Iraq to become the great nation it once was. IT is Iraq’s desire and continual effort to become an upstanding member of the International community once again. They have made great strides as they have worked to get rid of the many atrocities and problems the former regime left in its’ wake. Iraq has worked methodically to eliminate the many road blocks that stand between them and regaining their once proud heritage as a member of the International community and in good standing.
1. There were many resolutions that needed attention
2. There were and still are some sanctions placed on them
3. They were in Chapter 7 protection
4. They had to rework their Constitution
5. There was considerable debt owed to the world governments
6. They had to grasp a full understanding of their financial books, after many years of corrupt book-keeping and the loss of billions of IQD.
The Culmination
The UN forces back by the US troops said we have a plan and here it is…
1. See there is a thing called the Paris Club, which is a group of 19 major governments from around the globe. All of which you, Iraq, owe a great deal of money too. In the billions in fact. Well we have put together an agreement that says we, the 19 world economies will forgive your debit as long as you allow each of us to hold your IQD in our Currency Reserves and allow us to eventually return the IQD we are holding for a revalued dinar rate. Furthermore we will not release our entire dinar holdings on you all at once. It will be a controlled return over a period of 24 month. (For this piece, which Iraqi agreed to, they have to RI/RV by Dec. 31st 2010 or the forgiven Debt will be due at once).
2. The IMF will grant you short term loans so you have funds to work with.
3. We will lift Chapter 7 only after you accomplish several things
a. Get your government seated and working
b. 2011 Budget worked out so we see you have included the RI/RV
c. Border disputes with Kuwait
d. Show that you have made great strides in getting the HCL completed.
4. Iraq if you do all of these things, we the UN/IMF will allow you to, at a minimum reinstate you currency at the $3.22 rate it once was at prior to the former regime destroying its value in the international market. We will also allow you to add 20% for cost of living increases that have taken place over the years that your IQD has been out of circulation.
5. As an added incentive, based on the quality and quantity of crude you have in the ground, we will allow you to revalue you currency instead of reinstating it to a value within reason. We are allowing this because based on our investigation of your oil fields… You Iraq will be one of the richest if not the richest countries on the globe. It is your choice as to where you want to revalue your IQD but our projections estimate you could withstand a rate as high as $16.00 IQD to as low as $1.00 USD. We would highly recommend to you that a rate that high will cause many problems and have inherent risk. With all of the news and knowledge regarding your economic potential it would be way to risky to come out with a rate lower then you previous value for $3.22 IQD to $1.00 USD because anyone with enough backing could come in and buy up all of your currency, there by controlling Iraq. It is our opinion that the rate needs to be such to curve further speculation but also be something manageable in the short and long term.
6. We feel a managed float over at least a 24 month period of time, with a controllable rate for now will accomplish what is in the best interest of all. It will allow sustained growth for the Iraqi economy, it will allow Iraq to become a member of the international community once again, and it will allow the IMF to boost the world economy. Also, it will keep someone from coming in and buying up your country…
Summarization:
1. The IMF is saying to Iraq, we are granting you the ability to reinstate your currency at the pre-Saddaam rate of $3.22 with a 20% increase for cost adjustment for the years it was out of circulation. Or because of the potential we see with your economy, we will also allow you to revalue your currency to a rate within reason. If you do this by December 31st 2010, we will agree to allow the Paris Club to forgive your debt and we will lift you from Chapter 7 sanctions. Thus allowing you to rejoin the international community with your currency and trade.
Sanctions that will be lifted:
a. Allows you to have an international recognized currency
i. Which allows you to trade on the Forex
ii. Allows Iraqi stock to be traded on the international market
iii. Allows all of the signed contracts for the oil fields, utilities reconstruction, road construction, building construction to begin
b. Allows you to receive global shipments from all of the ships that have been sitting in your ports.
c. Allows you to finally pay your government employees
d. Allow you to load the smart cards that will pay the Iraqi citizens living expenses for the short term, also pay the retired citizens. All of which have not been reviving anything for some time.
At this point, Iraq has agreed to everything and we are now in the last phases of this plan. We are waiting for Iraq to finally pull the trigger and release the RI/RV between now and Dec. 31st.
I believe the World community and the UN/IMF are not really leaving Iraq a choice and they are tired of Iraq dragging their feet… But, if for some reason they don’t pull the trigger by Dec. 31st, this coming Friday… According to the PLAN this was to happen in 2009… Not sure of all that would come down on them but it certainly would be the end of the current GOI…
The latest Intel we have received is that the message that came out yesterday that the GOI will be breaking for two weeks starting tomorrow is false.
PD claims that they have proof that the GOI is meeting right now and will be all this week.
They are still expecting the RV to happen before Friday and the very bottom rate, the lowest it could be is $3.22.
SO we wait and watch…