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In December of 2012 we note that Maliki then stepped in to manipulate the restructuring process by alleging Dr. Shabibi supported criminal activities within the CBI and so while the present governor was away on vacation in Switzerland, Maliki put out a warrant for his arrest and justified appointing Dr. Abdul Basit Turki as the new acting governor of the CBI.
Dr. Abdul Basit Turki also headed the banking and finance over site committee. Maybe a conflict of interest?
Remember Maliki manipulated the judicial system in Iraq so anything was possible. The World Bank warned the Iraqi government from interfering in the performance of the Central Bank of Iraq.
So now we see the beginning of the process of circumventing the CBI and its decision to RV the currency.
We then saw article after article about the postponement of the RV until early 2013.
In April of 2013 we were told of an impending RV and we all prepared for it. Maliki once again held off the RV pushing first for relief from sanctions.
In June 2013 we saw the official lifting of Chapter VII sanctions. We all saw an impending RV in the very near future. Hurry we all thought…finally !
During the entire summer of 2013 we witnessed the ongoing saga of the UST attempting to scramble to update the needed software applications that would be used in the final international rollout process.
I kept asking myself why in hell did the UST wait so long to begin these tasks?
So very shortly after the UST made its first attempt to test the software in the rollout process. We witnessed some very high rates on the bank screens and laughed at intel gatherers (like Okie end others) telling us about these very high rates.
The rates were real but only still in the testing phase. The problem they encountered is they had to balance out the rats of 190+ currencies and value the currencies according to current assets of that country. An inventory has to be substantiated and the engine to do the calculations had to be written. We witnessed many failures and ongoing tests.
The UST also had to fix the system to add yet more complexity, another set of contract rates (IQN and VNN) and have a process to track the ongoing fluctuation of the value of these rates, as they get depleted.
This software coding and testing took all summer and partly into the fall timeframe. In October we witnessed the rate going live and some very early exchanges taking place.
In the first week of December, we first heard of an official RV date of December 1, 2013. This was due to pending contracts.
We all thought that once this new system finally worked we would see the RV. After all did the CBI and the GOI now support the RV and agreed to all terms. Yes they did!
Now that we even had an official RV date this process should go to completion very soon and we would be at the banks. But this did not happen.
Instead it was decide to let the Congressman, Senators and their friends and families feast of the new rate first.
After the entire month of December 2013 and this feasting the UST claim to have released it to the general public.
Did you go to the bank as of yet? Funny how the banks won’t let me yet exchange my dinar.
So after this feasting was over the bankers than decided to allow their high end clients to feast on the high contract rates. Only after complaining by the general public (those that know of this practice) did it end. This however took almost 3 weeks.
How can the UST allow such manipulation of a currency not yet even on the international market? Is this not illegal? What gives anyone the power to allow only the “privileged” the right to exchange a currency not yet even considered tradable on the open market?
So now we are in mid February 2014. Where do we go from here?
Negotiation have gone back and forth with Iraq ever since on the priority of getting the IQD currency international. The IMF has been working with Iraq to assist in their process but without the international rollout their process has come to a dead end.
Fortunately in late April 2014 we witnessed Maliki announcing a reinstatement.of the currency.
Currently the USA has not rolled out the reinstatement rate of the IQD but rather plans to continue with the GCR and work towards the entire 190+ currencies as in the original revaluation plan prior to Maliki’s reinstatement.
However this was projected to take some time to manage and some re-negotiations were necessary to allow this to happen.
So in the meantime the USA has already missed the rollout timeframe for any currency reinstatement. There is a new renegotiated timeline that allows more time to set up this process.
This new timeline once again is another stalling tactic.
While the rest of the world sits and waits in dire need of these revalue currencies these fat cats sit and feast on this backside making billions each time this process is stalled.
They are doing indirectly as the UST procrastinates on when to release the RV. My impression is they are creating more harm than good in doing this.
They find any justification to legally extend out the timeline. They did not honor past renegotiated timelines and will not honor this new timeline either as usual and will continue to stall the process indefinitely.
They are already talking about a 2015 date for the RV and now the finance ministry has come out with articles supporting this timeline.
This is of course all very ridiculous and just a scam being perpetrated not just on the American people but on the rest the world .It is not supported by the IMF and one could list out hundreds of laws being broken both national and international
I do not agree with using the making of USA monetary policy decisions as leverage to withhold a worldwide currency revaluation process of some 190+ currencies thus to hold back the economy and growth of Iraq and other nations.
There is a global economic disaster glooming on the horizon if nothing is done.
It is not fair to the people of Iraq and shows a very poor example of what the USA is capable of when it comes to politics. This is irresponsible and should be stopped now before a crisis arises once again in Iraq and amidst the global community. .
It is time for the people (you and me) to take action to expose this openly to the rest of the world since this is now the only course of action that may have any results. We do not see any honorable politicians or members of the government sticking their necks out to make waves in this situation.
Since December of 2013 we all have been warned of this impending maneuver and the currency scams that could result. We are now witnessing it all first hand.
Those currency holders reading this new letter do not need to feel helpless. There are still many good and honest people fighting for you each and everyday to bring this process to a conclusion but maybe not enough.
But now is the time for you also to step in and begin to help them. We must expose this bad US policy and the corruption they are allowing resulting form this policy. .
You can either be part of the ongoing problem or you can be part of the solution. It is now your choice. You can respond to this new letter with sarcasm and ignorance or you can take action now and make a difference. We are all in this situation together.
We all have common goals:
1. full honesty and transparency in the dealings with the IQD revaluation and global reset process.
2. a speedy resolution to any deadlocks in the global reset process (not of course jeopardizing national security)
So why can’t all dinar holders work together to expose these corrupt practices we are now witnessing and bring the culprits to justice. We can!
I am now calling for everyone reading this news letter to email, write, facebook or tweet this issue to the world and make it known just what is now going on. You must now take this matter into your own hands since we have been given the run around long enough and no one seems to make a difference or care about the real issues.
Are we now taking this action out of frustration?
Yes – of course since we have watched, waited and stood by the sideline long enough in this process. We know the rates are now at the banks. So why can other politicians and private clients be allowed to exchange but yet here we wait almost 5 months later and still nothing?
There just seems to be no justice, honesty and transparency in this RV process.
The perpetrators know who they are. They listen to the intel calls and read these news letters. They know that their inevitable demise is going to happen.
(Note: All information given is the opinion of the provider. Dinar Recaps assumes no responsibility for information contained here and the actions recommended, and disclaims all liability in respect of such information.)
We can begin this process of bringing transparency by contacting your US district attorney’s office and filing an official complaint. These justices are legally obligated to begin investigations of all allegations of corrupt practices by government officials.
Here is some possible wording you can use in your complaint-
I/we come to you today as a last resort. As US citizens and global community members I/we respectfully request you to begin an investigation to rectify known global currency manipulation practices. These practices have recently been brought to our attention.
Here are the points of the contention to our grievance:
1. Government officials are known to intentionally stall the rollout of revalued international exchange rates of currencies to the general public and the global financial exchanges.
This practice was exposed earlier in 2013 and 2014 and has been known by these officials who control the process. No effort has been made on the part of any of these known government agencies to correct it.
Exaggerated and fabricated issues as justification are adversely effecting the process of rolling out these currencies to the global money exchanges and thus general public.
One of these currencies is the Iraq IQD. We are appalled at the fact that we lost 4,000+ of our soldiers plus over 150,000+ casualties to fight this war and to free the people of Iraq from a dictatorship.
We are told we want to rebuild that nation with a strong, democratic capitalistic society. We only now find that this process is being greatly hampered by political and personal gain with manipulation by government officials in the USA who control the process of finally reinstating their currency to its true value.
2. Government officials and associates are conducting private exchanges of currencies using speculative rates not yet published on the open public exchanges.
3. Very large bank loans are being administered using foreign currency as collateral. The values of these currencies are unpublished, speculative rates not yet officially on currency exchanges.
3. Illegal banking practices allowed by the Department of the United State Treasury by activating the rates of these unpublished currencies so as to allow bankers access to these rates to benefit selected clients, at selected locations for selected periods of time.
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