_Greetings Peoples Dinar Members.
Ray and I have been working and digging very hard for more information so we can share with you regarding your investments. I have a new resolutions for 2012 and that is Ray and I really do not care if you take this and share, because you will anyway. What we do not like is the fact that so many previous members that were banned here love to bash and trash us, so be it. I am going to take the high road now and just pray for the souls that have nothing nice to say and hope someday that will change.
Anyway, I believe that somewhere I am positive that the United Nations told Iraq (Dr. Shabibi) that they had to keep inflation in the country under 7%. I posted in the forums last night about the growing concern about inflation as it grew another 1% last month. So with the news that Ray and I have today coupled with this news, this is all starting to fit together. This was part of the terms also agreed to concerning Chapter VII. I also see another article today about the core inflation is at 7%. One of Dr. Shabibi's concerns was trying to grow the countries economy at the current exchange rate and still keep inflation low. We now have exactly what we wanted, high inflation which will trigger a dinar revaluation.
With that being said, Ray as you may or may not be aware, has built up many contacts here that have families still living in Iraq, (various regions) and he along with my business partner in Iraq have a great opportunity to get first hand news articles that they see and read along with TV and other media sources.
I truly believe that the news we finally uncovered is huge and a sign that we are still very close to Iraq re-valuating their currency.
Read More Link on Right
As you can see from Ray's email to me a few minutes ago, we have some very interesting things going on.
I just cannot thank Ray enough for all he brings to us via his contacts.
Now, there were also articles that say that his will not be accomplished until the end of 2012 (revaluation that is) and this was by design. I addressed a few things in a post earlier and here is what I said;
You are absolutely correct, we are closer than that. Now this is my opinion but it is based on many facts. If Iraq were to give a specific month or time frame, every country and investor in the would would eat up Iraq in the purchase of the IQD. There is no way that will be allowed. If you discourage investors, then they will back off until a later date as not to tie up there working capital or investors funds.
This is a brilliant plan by the CBI and remember, Shabibi is one of the smarted people on the planet regarding strategy and financial planning. Saleh said he did not need permission from anyone to move Iraq economically forward. The revaluation has already been approved by parliament last year. Ray and I have first hand knowledge of that. What we do not have first hand knowledge of is the date they will do that. I have a pretty darn good idea, and that is why you do not hear our forum or leaders calling it every weekend so to be first and destroy the spirits of the members.
Here was the exact quote from the article: "The CBI did say specifically that they do have full power to move this country forward without any further votes or permissions. They can and they will move Iraq forward."
Please read Rays email, followed by my comments below:
Had a call a little while ago with one of my contacts and have the following information to share. He said this was in some of the papers in Baghdad. I didn't bother to try and find out which papers. If anyone wants to verify this, they can research it for themselves. I have no reason to doubt my contacts. He said that Shabibi had a meeting with all the bank managers last Sunday. He told them that he wanted an inventory of how much dinar they have on hand. He also wanted them to provide him an approximation of how much the people are holding in each of their areas too. He said he wanted this info back to him within 7 to 10 days. Once this hit the papers, the people on the street are saying that the new dinar will be issued either late this week or next week. I see no other reason why Shabibi would want an inventory other than replacing the old with the new. The people on the streets are saying the same thing.
Also, Ambassador James Jeffrey is meeting with the different political groups there to try and solve their political differences so they can get on with business. He feels all the problems with be solved next week. This has been on local tv stations too.
He also told me that the 2012 budget was voted on once and will be voted on again next week. It only has to be voted on twice before it goes into effect. This fits with everything else that is happening right now. I feel that we are truly very close and the RV is right around the corner. I will share more info as I get it. Have a blessed day. Hope the ankle doesn't hurt too bad after therapy tonite.
I agree with Ray that this is a huge step in the right direction, and it is now only a matter of time before we see an increase in the value of the Iraqi Dinar. Why would Dr. Shabibi want an estimated accounting of the current Iraqi Dinar? This is very simple, in my opinion, he wants to know his exact (to the best of his ability) accounting of their (Iraqs) exposure. Furthermore we were told that this will allow him to ship the new currency in the amounts that the bank is holding to replace the current old notes.
This is huge folks, let's think about this (bash me if you want) if this was going to happen at the end of 2012, why in the world would he want this information now because in a month or so, it will totally change.
Because of this news that was in the papers, the citizens now feel that this will happen within the next couple weeks or sooner.
I think you will see some major changes when parliament meets again on the 17th, next week in which by the way, happens to fall perfectly in a timeline that makes perfect sense.
Remember, there is China, Turkey, United States and so many other countries that are pushing this country to get their act together.
Here is an article just in about the HCL:
Oil Law “Will be Passed Without Iraqiya if Needed”
January 12, 2012
AKnews reports that the debate on draft hydrocarbon legislation has been postponed by the Oil and Gas Committee of the Iraqi Council of Representatives because of the continued absence of Iraqiya List members.
The law needs the approval of all parties to be passed. On 3rd January the committee revealed that an initial agreement between the Kurdistan Regional Government and the federal government had been reached on a new formula to approve the law.
Baghdad and Erbil ended three negotiation sessions in Baghdad at the end of October with outstanding issues.
Committee member Susan al-Saad told AKnews that Iraqiya cannot be marginalized and “we hope to participate in the coming meetings to complete this draft law and submit it to the Council of Representatives to vote on.”
“There are calls for urgent legislation since this issue is causing crises between the Oil Ministry and local governments. If Iraqiya insists on not attending then we will have to decide without its presence,” she added.
The tension increased recently between the governments of Baghdad and Erbil after the KRG rejected a draft Oil and Gas Law approved by the federal government in August. The Region believed the draft gave too much power to Baghdad in terms of managing oil contracts and income, and would be at the expense of the Region.
Exxon is demanding to get paid, other countries want to invest in Iraq and the list goes on.
The only thing missing is a currency that has some value to it. I truly still believe it will not be .89 or 1 to 1.
I still hold firm on at least $3.41 or slightly higher. There is just no way Iraq can survive at a .89 rate and keep inflation at bay and move the country forward.
Like Ray said, the 2012 budget has been read once and it only takes two times now, and the second reading will be next week on or after the 17th.
I have a very positive outlook on this investment more so now than last month.
I truly hope what we have shared helps calm your nerves and puts your mind at ease. Yes the finish line is just ahead and I can clearly see it in plain sight.
Ray and I will join the chat room in a little while, so until then, please enjoy the wonderful news, sit back and relax (it is getting harder to do), get your affairs in order and start thing about your trip to beautiful Arizona for the event of a lifetime. We can all share hugs, stories and plan our futures together.
Remember, when we learn from our mistakes, we are less likely to repeat them and correction does much, but encouragement does more!
I know many people are hurting emotionally and financially, so to our PD family, compassion is needed to heal the hurts of others because fellowship builds us up and binds us together.
Last but not least, that you all that took the time to wish my wonderful wife a happy birthday yesterday. She really appreciated that and love the humor you all shared.
The best way to get the last word is to apologize. So to all members that I have offended in any manor (past and present), I am truly sorry and hope forgiveness is in your hearts.
God Bless each and every one of you.