9-12-2012 Luigi1: It was estimated last year, Obama's proposed tax on Millionaires would not even make a 1% dent in the annual budget let alone bring down the natl debt. Any new Millionaires created from the IQD RV will help stimulate the economy temporary only and will do nothing for the debt.
As for the crisis in the EU and soon to come to the USA, the IQD RV will only buy us more time to try and fix the problem. This economic downturn is global. One small nation with RV and a booming economy cant bail out the entire world.
9-12-2012 Mountainman: Lots of news to talk about today. The ministers are being presented formally by Maliki on Thursday. Next week the UN is having a meeting in New York about Chap 7 and Maliki is going to be there. The lower denoms are being talked about being released sometime between now and January and next week Iraq is having their first Financial Conf. where the world's largest investment firms, banks etc. will all be in attendance. Looks great to me, go RV!!
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9-11-2012 DocDinar: The World Bank is suddenly pushing for Iraq to get their economic legislation and services in order and helping in the reconstruction process. In 2 days the communications, amnesty and other laws will be voted on. The Defense Ministers names have officially been submitted and President Talabani is in such a hurry to get back to Iraq he cancelled a trip to the United States that was scheduled for this week. There seems to be a sense of urgency with the GOI right now and I think we all know why.
World Bank: Strengthen Iraq's cooperation with the World Bank and the Organisation for Economic Cooperation. The Secretary-General delivered a speech at the closing of the session reform the judicial system in Iraq set up by the institution under the supervision of its director Joaquin Duran Garash and World Bank-sponsored organization the (OECD) between which the substantial financial resources and investment opportunities wide in Iraq is not enough on its own to reconstruction and advancement incident economic and service, but must create a legislative environment and legal, administrative and financial foundations new suit the requirements of the NEW REALITY, stressing that this requires reconsideration of legislation, regulations and instructions especially those related to the ECONOMIC aspects.
9-12-2012 Dontlop: Lots of people don't understand how it could be possible to get that much value to RV their currency by 100,000%. It's commodity backed while the oil is being pumped and the natural gas is being piped and liquefied. They can actually RV for 30 trillion dollars worth of dinars. I mean dinar for dollar 30 trillion.
As they sell the oil for dollars build up the reserves. A key feature of commodity money is that the value is directly perceived by the users of this money, who recognize the utility or beauty of the tokens as they would recognize the goods themselves.
That is, the effect of holding a token for a barrel of oil must be the same economically as actually having the barrel at hand. This thinking guides the modern commodity markets, although they use a sophisticated range of financial instruments that are more than one-to-one representations of units of a given type of commodity.
9-12-2012 Steveinfla: I am just as anxious as everyong else. However I keep reminding myself this was to be a 10 year plan. The hype of RVing this month or early is exciting and would love to see the RV NOW!!! Rv in 2012 is a huge bonus because the RV came a year early which is what we are hoping for.
My point is do not get fustrated if the RV doesnt come this month. The original plan was for 10 years which puts us into 2013 and no sooner. If it happens sooner that is HUGE for us. Yes I think it is reasonable to RV this month it very well could RV as I type this. Just dont count your chickens before they hatch. Stay grounded.