Frank26: Iraq is like the Moon........... Filled with stockpiles of riches.
But due to the fact that The Moon is so far away they are useless to anyone.
JFK gave us 9 years to land on The Moon.......... We did.
It has taken us longer to land on Article 8.
Iraq's Riches are useless at 1166 ........ And They Know This !
Be Strong KTFA Family ........... Stay Strong.
Aloha ........ Pure Aloha .......... KTFA Frank
pastorpatch :I know I'm no scholar when it comes to this dinar exchange rate thing ....... And of late I have had more time to read the postings instead of glance at them ..... In so reading these posts I have had a question come up in my limited "smartical particals" as my step daughter refers to ones intellengence ......
When Iraq goes fully int article 8 and has no more restrictions on their currancy won't the value of their currency automatically rise ? I mean with the value behind the currancy in the way of oil and all the other behind the scenes "things" that give a country's currancy value how could they stop the value from automatically rising?
With what I remember from what we were taught in the past currency's are asset backed now not just a number pulled out of the air ...... Right? I'll appologize ahead of time for my ignorance or lack of smartical particals on this subject but felt like I could throw that out there and not take too much abuse for my lack of knowledge .
Frank26: Memorize this Sir to help You with this qt:
The ONLY reason Iraq would qualify for article 8 is BECAUSE they RAISED their dinar value.
IMO .......This permission is/has been qualified by A and S ...... GOICBI ....... Hence we wait for the POWERS to grant this action via The IMF.
We are ALL in a waiting ......... Pattern.
IMO ......... The Strength in our investment's gain to us lies in the Duration and Sustainability of our ........... Patience's. I sincerely believe we have Landed at this time in History with Iraq and her MR.
At this juncture people will be separated by the ability to wait something out ...... Just to endure this tedious investment ..... Without getting riled up about the ........ WAITING.
There is too much advancement in this MR to become undisciplined with personal need.
IMO .......... We are walking into the last parts of punishing THE BRICS as we will now see oil prices go up for ............ 12 and a Budget in Iraq.
IMO ......... It is The Time for Them to make ........... A Profit.
Aloha Oi. KTFA Frank
Hawger03: I have to agree with you Backdoc! I am quite astounded by the effect of oil prices on world economies. It does seem that the black gold is truly the world's currency and many countries' economies rise and fall on the price of a barrel of oil. It's all being very well played by those in power as oil prices will settle at a level that is profitable for those with low extraction costs and proper economic foundations.
I believe this is the key to the unveiling of Iraq's official currency when it goes international. Iraq is coming to the end of the line and knows that it, as a burgeoning oil superpower, can not continue to do business all by it's lonesome in it's little box of sand.
The oil market will be cornered by Iraq......they know this. The economic and political foundations are prepared and the cement truck is ready to set them in concrete. All will be built upon this solid foundation so extra care is needed to make sure they get it right the first time.
The laws and procedures necessary for all involved are sitting at the starting gate accompanied by a host of other programs and entities. They are all chomping at the bit but the gate lever can't be pulled until they have the key.......the official international rate of the Iraqi Dinar. When all is deemed ready the explosion begins.
I'm looking forward to the fireworks! All above is completely IMO. Blessings to you and our entire family!
backdoc » January 15th, 2015, 12:41 pm
THIS GUY STOLE MY WORDS! HEEE HEEEE
Walkongstick :BRIC? Bye, BRIC: Another shift in global economic power
The giddy spirit around investing in the madcap growth of the BRIC countries—Brazil, Russia, India and China—is crumbling, writes Jason Kirby.
Jason Kirby January 15, 2015
In late November 2001, while fires still burned in the rubble of the Twin Towers, Goldman Sachs economist Jim O’Neill put out a report reframing the global balance of power. Four countries, he said, would dominate economic growth—China, Russia, India and Brazil. Reaching for a name to call this new club (he dismissed the acronym “Crib” because of its association with infants), O’Neill settled on the BRICs.
At first, his BRICs report attracted only modest attention. Then, as the four economies, in particular, China, began to soar—and as the popular narrative of America’s decline took hold—the BRIC mantra became ubiquitous. Financial institutions launched dozens of BRIC-themed funds to meet insatiable investor demand. Politicians extolled the importance of hitching their economies to the BRIC wagon. And, in recent years, the BRICS themselves (the “S” now stands for South Africa) have worked to create a $100-billion “BRICS development bank” for emerging nations.
So it was last week that O’Neill was asked to revisit his BRIC concept, in light of Russia’s unfolding economic crisis and Brazil’s moribund growth outlook. Those two countries, he said, are at risk of losing their membership. “I might be tempted to call it just ‘IC.’ ”
“Ick” might be more like it. The BRICs, both the countries and the giddy investment thesis that once bound them so neatly together, are crumbling. It’s not that O’Neill’s forecast was wrong. Quite the opposite. At the time, the BRIC economies were about 10 per cent the size of the G7 nations. Today, the BRICs are half the size (though China accounts for most of the gain). Where the problems lie is in the squandered resources and wasteful spending that fuelled so much of their rise.
Russia’s woes are many. The country is heavily dependent on energy exports, and the collapse in oil, coupled with sanctions over its invasion of Ukraine, have plunged it into chaos. The ruble is in free fall and inflation has soared to 11.4 per cent, devastating Russian consumers. At the same time, the end of the commodity supercycle has slashed the value of Brazil’s mining exports and brought its economy to its knees. Analysts now expect Brazil to grow just 0.4 per cent this year. Even the creaky eurozone will manage faster growth.
O’Neill is still bullish on China, which remains the conventional view in the West. But there are reasons to believe China faces a crisis that will be every bit as shocking and disruptive as the oil price collapse. Having expanded at more than 10 per cent a year for much of the last decade, China’s growth has stalled at around seven per cent and is grinding lower. What’s changed? China’s central government has sought to curb wasteful spending on fixed-asset investments (such as ghost cities, unused airports, abandoned steel mills, etc.), much of which served no value other than to add a few more notches to GDP.
One recent attempt to put a price on this waste, by a pair of Chinese state economists, Xu Ce and Wang Yuan, pegged the amount of misspent funds over the past five years at US$6.8 trillion. It was a heart-stopping number. And while some economists challenged their methodology, there remains no question that a large portion of China’s growth has been due to recklessness on a scale unseen in human history. (It also goes a long way to explaining the corresponding boom and subsequent bust in Russia and Brazil, which supplied oil, gas, coal and metals for China’s manic spending sprees.) Echoing these concerns, Charlene Chu, a senior partner at Autonomous Asia and former analyst at the Fitch credit rating agency, warned this week that China’s debt load has exploded to unmanageable levels: “We’ve got the biggest debt bubble the world has ever seen.”
History is likely to look back at the ridiculously showy 2008 Summer Olympics in Beijing and last year’s Winter Games in Russia—which together cost their hosts US$95 billion—as the exuberant peaks in the growth narratives of both countries. It will take all the resources of Brazil’s central bankers and politicians to hold the economy together long enough to host the games in 2016.
Once you lose the B, the R and the C, of course, that leaves India—incidentally, the only country that didn’t pursue shortcuts to easy growth or host the Olympics. India’s future remains bright, but it has grown at the slowest pace of all the BRICs. It also has an economy only slightly larger than Canada’s, despite a population 36 times bigger.
In the end, we can’t dismiss the BRICs as a fad. Their impact on the world has been too great. But the enthusiasm for the BRIC story was wildly overdone, and unwinding the excess will be a long and painful process.
Oh, and by the way, the USA’s share of global economic growth is set to trump the BRICs in 2015 for the first time in a decade. Not that you’ll have heard very much about the rise of that acronym.
backdoc » January 15th, 2015, 1:07 pm
IMO-TODAY IS EVIDENCE THAT ALL CURRENCIES ARE GOING TO BE IN A NEW ALIGNMENT TO THE DOLLAR!!
WE ARE SEEING THAT PROCESS UNDERWAY CURRENTLY!
BLACK GOLD IS THE TRIGGER MECHANISM THEY ARE USING TO REALIGN ALL CURRENCIES INCLUDING BLACK GOLD!
THE PRICE CHANGE LOWER TO THE EU BY IRAQ AND THE RAISE TO ASIA IS EVIDENCE THAT ALL CURRENCIES INCLUDING BLACK GOLD WILL NOW COME INTO ALIGNMENT!!
WHY? COULD IT BE THE EURO HAS A DEPARTURE IN THE IMF AND ITS PLACE IN THE SDR MULTILATERAL SYSTEM? MMMMM
IF THE EURO GOES AWAY IN THE SDR THE DOLLAR CAN TAKE MORE SHARE, MORE SHARE MEANS MORE CONTROL!
I STILL WILL WATCH CLOSELY NOW THE BP!!!
WILL THE BP DEVALUE TO PARITY TO THE DOLLAR?
WILL OTHER EU COUNTRIES BEGIN TO DEFECT FROM THE EURO?
THE KEY TO THE EURO LIES WITH THE GERMAN MARK!!! WATCH CLOSELY NOW AS THE MARKETS BECOME TROUBLED!!
THE WORSE THINGS GET ...THE BETTER THINGS ARE FOR THE DINAR TO BECOME RELEVANT!!
WE ARE WATCHING THIS MAGNIFICENT SPECTACLE REALIGN BEFORE OUR EYES!
8@8, DOC IMO
Aggiedad77: I agree Doc now we need to watch and wait....let things out of our control take their course....as they will....history in the making
I firmly believe that better is on the way....and that many in the world will be genuinely surprised at how it arrives
I remain confident and excited for all that we see happening
jdtolle » January 15th, 2015, Live real
Life is messy, uncertain, difficult, inconvenient, and wonderful. Live the real wonder, and not just an imitation.
Get your hands dirty, get your feet wet, and do something for the sheer joy of it. Unplug from the so-called conventional wisdom and serve yourself up some delicious original thoughts.
Take the most stimulating, interesting, thought-provoking and enjoyable route, not merely the quickest one. Stop along the way, and discover something you had no idea was there.
Fill your time with activities for which there is no sanitized, diluted, pre-programmed app. You are a unique, original spirit, so live up to that glorious potential.
Feel the texture of life in all its diversity. Stop comparing yourself to what others have done and start expressing the singular beauty of what it means to be you.
There’s no joy in living as one of a million copies. Live real, live rich, and live the unique joy that only you can create.
— Ralph Marston Wishing All a safe, warm and blessed day
P.S.The only man who never makes a mistake is the man who never does anything.
-- Theodore Roosevelt