[Enorrste] Well, look who dropped by? Mr Negativity!
[Agent 007] The Professor hey there good lookin' - what's cookin'?
[Enorrste] I'm doing great and thank you all for your nice comments, in spite of the fact that I put a "downer" on last night's call
[Agent 007] The Professor we luv you
[Enorrste] I actually came on because Agent007 sent me one of those "toughy" articles to decipher
[Agent 007] The Professor it was tough, huh?
[Enorrste] Janna, can you post the link to the article for me? If you have it?
[Agent 007] The Professor I will
[Enorrste] It's fairly long so I don't think we should "clip and paste" here. Besides, no one will read it after the first paragraph!
[thedogmom] The Professor tought you came on cause tk been stirrin the pot
[Enorrste] sorry, thedogmom, haven't talked with TK for over 2 weeks; what's he doing?
[Enorrste] well, this article clarified something for me so I thought I'd share it
[thedogmom] The Professor sorry please do not ask
[Enorrste] thedogmom thedogmom OK
[Enorrste] This is an article from Mohammed Qasim, a member of the board at the CBI
[Enorrste] In short he is stating the we have to "remove the three zeros" as soon as possible, which is really good
[Enorrste] he also refers to the fact that the value of the dinar used to be over $3 before the Iraq war, and he wants to see it back there, which is really good!
[Enorrste] This means that, once again, the CBI has no "lop" in mind at all, period, from their own mouths.
[Enorrste] But here is what I found really interesting:
[Enorrste] Bear with me as I get this out, 'cause I'm doing this "on the fly".
[Enorrste] He refers to the "terrible inflation" that has occurred in the last many years, causing the value of the dinar to fall from over $3 to now 1170 to $1. This was fascinating to me, because we all know here that in fact Shabibi has stifled inflation dramatically, except in the last few months.
Read More button on right
[Enorrste] So it occurred to me that these people are very "short-sighted"
[Enorrste] You see, we know that the reduction of the value to 1170 to 1, and even worse at the beginning of 2003,
[Enorrste] was entirely intentional and created by the UN to get Al Qaeda out of the currency
[Enorrste] This worked.
[Agent 007] It basically broke them
[Enorrste] However, since then the value of the dinar has slowly increased, from 4000 to 1 to now 1170 to 1.
[Enorrste] And at the same time inflations (until quite recently) has fallen dramatically, until it was about 3% several months ago.
[Enorrste] So (and this is the important fact here), when the CBI refers to "inflation" they don't mean what we mean by the term
[Enorrste] Instead they are referring to what we would call "buying power".
[Enorrste] Now tese are similar concepts, but different in that lower buying power was not caused by inflation, as we would assume from the article
[Enorrste] but instead by the UN action, as stated above.
[Enorrste] Therefore, when they are talking about "inflation" they are talking about what their current dinar will buy, which is essentially nothing
[Enorrste] And this is VERY good, because Qasim is stating clearly that we need to get the VALUE of the dinar back to where it will buy something'
[Enorrste] He calls this removal of the 3 zeros, but he goes farther and specifically states that we need to get to the point where 1 dinar equals at least $3, like it did before.
[Enorrste] For a member of the CBI board to be this forthcoming and urgent in his appeal is, to me a VERY good sign.
[Agent 007] link to this article: http://www.forexworldsit ··· n-forex/
[Enorrste] This is sort of like a good preacher: tell them what you are going to tell them, then tell them, then tell them what you told them
[gottabme] Most courrencies are compared to the USD for its value. PreSaddam value $3.22 and you add 20% increase value over the last ten years, you have the proverbial $3.86
[Enorrste] In this case Qasim is "telling us what is coming"; he will then "make it come" and then the people will be told "what we did." The concept is identical
[Enorrste] We are being told, by the CBI directly, that the time is now upon us
[thedogmom] The Professor yea !!!!
[Enorrste] We've seen this in several articles now. All we need it the implementation ("make it come").
[Enorrste] And there, my friends, you have it, a convoluted "interpretation" of a CBI article.
[gottabme] Iraq needs it most of all to truely become Soveriegn, IMO
[jjhall] The Professor ty for being a conceptual thinkiner steve
[nmb] thank you Professor
[Agent 007] Bravo!
[Enorrste] Categories do not fit with the current currency of the current economic situation and the next. For example, before the outbreak of the Iran-Iraq war was the category of 25 dinars equivalent to $ 75 purchasing power of the time or the equivalent in the present 300 thousand dinars. I said inflation in the country over three decades of zeros to the currency, although this did not raise those zeros of the purchasing power of the largest category of the coin is 25 thousand dinars, which is equal to today’s $ 21. We need today to restructure the currency. Valasfar mean large cluster of large cash in circulation today of about 30 trillion dinars, which requested the circulation of cash directly and significantly to the cost of sorting and counting and it takes time and spatial properties and security.
[Enorrste] This is a part of one paragraph. See how he talks about the prior value of the dinar, and is praising it? Good stuff.
[Agent 007] very good
[Enorrste] How ya doin', John?
[gottabme] The Professor Hey there buddy! I'm settled back here in Arizona once again. I Love it here! LHC area
[Enorrste] Can't wait to come see you!
[gottabme] Sooner the better!!!!
[Enorrste] I'm going to Iowa to see my nearly 95 year old Mom on Oct 4; maybe when I get back I could traipse on out to meet you.
[gottabme] The Professor take your laptop and keep in touch.
[Enorrste] will do
[LRH1256] The Professor .....do you think it is possible that O has stopped the rv??
[Enorrste] LRH1256 , I have never bought into the theory that our President had control of the RV
[Enorrste] if anyone does, other than Iraq, it would be the IMF
[Enorrste] I've always believed that Maliki is the delayer; I think it is going to surface soon that this was the case.
[Enorrste] Special _ Baghdad post The Central Bank of Iraq confirmed that latraga deletion project, saying a strong political zeros to disable draft delete zeros. Deputy Central Bank Governor Mohamed Saleh "appearance Baghdad post," the Central Bank intends to restructure the currency through deleting zeros after the Iraqi Parliament to proceed legally appropriate and disable draft political forces trying to destroy the Iraqi economy. " "Delay draft deleted three zeros from the currency of Iraq very wrong and we must accelerate the process of deleting zeros for the advancement of economic reality."
[Enorrste] http://www.microsofttran ··· com/BV.a ... w.11184%2F
[Enorrste] "we must accelerate the process of deleting zeros for the advancement of economic reality." THIS IS FROM SALEH HIMSELF!
[Agent 007] The Professor couldn't be better
[Enorrste] what I have just posted tends to fly in the face of "intel" given to TK; nothing personal, it's just that my two articles are from the CBI itself
[Agent 007] The Professor and it was only from one source
[Enorrste] right, and I've got Qasim and Saleh, both from the CBI!
[Agent 007] yes you do!!
[Enorrste] well, y'all I think I'll go put a DVD in the old microwave and watch my popcorn!
[gottabme] Steve, I wonder if the CBI has to vote on it 3 times like they tend to do? Lets hope not!
[Enorrste] gottabme , I have two sources who say that it was voted on at least once, and one speak fluent Arabic
[Enorrste] that was over 10 days ago!
Big Money] Thanks professor, excellent as usual
[Enorrste] My friend can translate anything, so "bring it on"!
[Agent 007] The Professor is that Kaperoni?
[Enorrste] thanks, Agent; can't wait to meet you in "people"!
[Agent 007] same here - you will get a huge ole hug The Professor
[Enorrste] but my friend here is CA has a son who is a devout Muslim and he confirmed that at least one, and may two votes were done on the "removed the 3 zeros" bill
[Agent 007] fantastic Steve
[ayechief] The Professor Professer- sounds like good reasoning that tonight- tommorow- this weekend could be the one! Thanks friend!
[Enorrste] ayechief , sorry, I didn't give any dates, or rates. Soon is what is in the articles.
[Enorrste] Deputy Central Bank Governor Mohamed Saleh "appearance Baghdad post," the Central Bank intends to restructure the currency through deleting zeros after the Iraqi Parliament to proceed legally appropriate and disable draft political forces trying to destroy the Iraqi economy. "
[outtathebox] The Professor can your Iraqi translator tell us what this says?? http://www.sotaliraq.com ··· id=25946
[Enorrste] This was dated 9/13, so Parliament is apparently not quite done.
[Enorrste] I've already seen that article. It is dated July 11, 2011. Look at the bottom: it almost looks like 2011 / jul / 11
[Enorrste] It is not only old but it also has nothing to do with where we are now.
[gottabme] I'm talking about the Parliment voting to renominate their currency.
[Enorrste] gottabme , I haven't seen anything on their new budget
[Agent 007] outtathebox that was an article out the CBI but it is in a photo format and can't be put into a word doc so that it can be translated.
[Enorrste] however, as I said on the call last night, the CBI intends to introduce a new currency early in 2012
[Agent 007] with the 3 languages: Arabic, Kurdish and English
[outtathebox] The Professor that was an article that is posted on the CBI site, Agent007, yes I know that is why I asked The Professor if his friend could translate
[ayechief] The Professor I am hoping this means taking ours back first- right?
[gottabme] Currency and Coins...
[Enorrste] based on the other stuff I've presented, I believe now the RV will occur very soon with the existing small bills first
[Enorrste] the ones printed in 2003
[Agent 007] outtathebox I sent it to The Professor 2 days ago to try
[Enorrste] and they will be replaced, at the already NEW value, in 2012
[Agent 007] just like when we printed new 20, 10 and 5 dollar bills here - they just replace the old with the new
[outtathebox] Agent 007 okay, thanks. It just posted on the CBI site over the weekend. Wasn't there before
[mikecoy] cjswest Or maybe this administration has spent us into oblivion and the USA is broke.. JMHO
[Agent 007] outtathebox ask bluedog tonight when he logs in - he got part of it translated
[Enorrste] Agent 007 , exactly, and the reason for this new currency is 2-fold: first, to make it difficult to counterfeit (some of our currency has been counterfeited), but second, to have 3 languages on the bills (I suspect this is a nod to the Kurds).
[gottabme] Well, I've been "Holding" NID(New Iraqi Dinars) in 50 and 250 denomination for a couple of years now. I'm sure they will be legal tender...
[Agent 007] The Professor absolutely
[Agent 007] gottabme they sure will
[Enorrste] ignore that article; it is irrelevant
[thedogmom] Thanks Agent 007 The Professor scared me last night that's why I called in
[ayechief] The Professor so when you mean stay grounded - you elimnate all expectations for yourself until you can read it in the news... for you just asking?
[Enorrste] ayechief , absolutely; intel is all wrong, until I see it at my own bank
[Enorrste] goodnight all; had a great time, as usual!