4-25-2012 SWFloridaGuy: Some seem to feel the need to make fools of themselves week after week. It's entertaining I guess, if you like train wrecks. This is a very complicated process and we can't expect to always get 100% accurate information from any one particular source and I do appreciate that we have so many working toward a common goal, but that is absolutely no excuse for the irresponsible, unrealstic, manufactured, daily hype so many find it necessary put the rooms through on a daily basis. Unfortunately, when they post they don't also name the source which is usually a bogus prosperity package memo, nesara report or a 3 letter contact who has already proven himself to be misinformed at best. How many times do you go back to a garbage source before you realize it's garbage? By thinking they can pinpoint this or give us a play by play, they only prove they don't have a basic understanding of how involved this is.
Genuine contacts, while confirming this revaluation will happen, are the first to explain they don't have all the answers and that's because they actually have a grasp as to its complexity. Many newbies who don't know the history of these "intel providers" base financial decisions upon their reports, and this has also affected some very close friends of mine in a very negative way, which is why I chose to post this.
To newbies: Be skeptical of anyone claiming to know the date or rate, do your own research and treat rumors as rumors, not fact. Listen to people who report responsibly and offer a balanced approach to avoid the roller coaster. I get asked a lot who I think that group is, my personal favorites are: Capt Nemo, Studley, Kaperoni, Banker Ghost, Med, Mailman17, Poppy3, BWM, BGG, Arizona Heat, Vic1, Longfellow, Scotti G, Duckyboy, Bear5642, Bondlady, Randy Koonce, Miskebam, Sykes, Historian, Delta, Ray, Steve and a few others.
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They may not always agree with each other but they post responsibly. When it comes to this investment, I've been wrong many times myself and am only expressing my opinions.
Moving on, Parliament sources reported that the chapter VII removal is right around the corner, due to the return of bilateral relations between Iraq and Kuwait. This progress is what will lead to Iraq returning to the international environment and regaining their full sovereignty. We speculate that the UN Security Council will not release them until they raise their exchange rate. Although that is not a direct stipulation, it is a bargaining chip they use when diplomatic measures fail and one that is on our side.
The international community is pressuring the major oil companies not to sign any new contracts with Iraq or the KRG and suspend all operations until the HCL/Article 11 is implemented which will bring Erbil back to the table. Tuesday the Iraqi list boycotted another preparatory meeting and this added pressure may finally bring a resolution.
The Economic Commission is pushing for the restructuring of the dinar and the issuance of the LDs. They argue that the time is right to remove the zeros and raise the exchange rate. Iraq will benefit from this project in many ways and it's the only way for them to return as economic leaders not only regionally but globally.
I don't know the timing and I don't pretend to, but I do know that our investment is solid and this story has a happy ending for us.