[2:37:59 PM] Nancy(nano36): [michigander0131] FEATURE-They're buying what? US investors latch onto Iraqi dinar NEW YORK | Thu Nov 15, 2012 4:35pm EST Nov 15 (Reuters) –
The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world - the Iraqi dinar.
"It's not a question of if, but when Iraq revalues its currency," said the Las Vegas-based Scarpa, who keeps dinars in his retirement account. "The dinar will eventually have substantial value, possibly the highest in the world."
He's not alone in risking his money on an investment thatcan charitably be described as a long-term turnaround project that will pay off only for the extremely patient. Thousands likeScarpa in America are buying the dinar, hoping someday thewar-torn nation can revalue a currency worth just a fraction ofa penny.
Read More Link On Right
[2:39:18 PM] Nancy(nano36): [michigander0131] Revaluation will only happen once the Iraqi government stabilizes. Iraq's central bank hopes to make one dinar equal to$1 at some point through redenomination and central bank-induced appreciation. Iraq's deputy central bank governor Mudher Kasim toldReuters that process could take three years. America investors are remaining patient.
[michigander0131] great article should take time to read
[2:40:35 PM] Nancy(nano36): [michigander0131] Fri Nov 16, 2012 2:22PM GMT7 Iraq has called on energy-rich Arab states to use oil as a weapon to counter the US and Israel, as Tel Aviv steps up its military operation against the Gaza Strip. http://www.presstv.ir/detail/2012/11/16/272651/iraq-urges-oil-ban-against-us-israel/
[2:41:13 PM] Nancy(nano36): michigander0131 Any news today about the US Treasury notes being out?
[2:41:39 PM] Nancy(nano36): [michigander0131] mimirose no i have not seen one thing //except the usual rumor mill stuff//
[michigander0131] goes to show how much Iraq appreciates our help
[2:45:42 PM] Nancy(nano36): [michigander0131] U.S. official: Iraq has made significant progress, but corruption is still delayed it 11/15/2012 02:44 BAGHDAD / Aswat al-Iraq: Deputy Assistant U.S. Secretary of State in the Bureau of Democracy, Human Rights and Labor Thomas Melia, that Iraq had made significant progress over the past years to build democratic system coherent includes organizations are real, but can not say that Iraq had reached a democratic system, noting that corruption is a challenge and a very big problem delaying Iraq socially and economically. http://ar.aswataliraq.info/%28S%28ytwke5zumvsqcy55eoqegweq%29%29/Default1.aspx?page=article_page&id=307771&l=1
[2:46:40 PM] Nancy(nano36): michigander0131] Zebari: Obama will be more liberal in dealing with important files The time on Friday 16 November 2012 Baghdad / Orr News Detect and Iraqi Foreign Minister, Hoshyar Zebari,
the scenes of a meeting of Arab foreign ministers, which was held recently at the Arab League headquarters in Cairo to discuss the Syrian crisis.
He talked about the question marks surrounding the conference over three hours of debate. The Zebari fact Iraqi position of each raises or relation to the crisis, the Syrian quoted "Middle East" Zebari as saying:
"We welcomed including up to the opposition in Doha and standardization positions opposition, but there are regulations revolutionary inside Syria was not involved coalition does not recognize him, and this we early to be considered the sole legitimate representative, as well as rejection of the dialogue. "
[2:46:54 PM] Nancy(nano36): http://translate.google.com/translate?langpair=auto|en&u=http%3A%2F%2Furagency.net%2F