Thread: Iraq/Dinar News. before Febuary 2nd 2006

I posted this on another website so some of you may have already read it. Just an observation I have been thinking about.


As we can see from past articles inflation is still a problem in Iraq but not an uncontrollable one. With the loss of a lot of the government subsidies inflation is going to be around for awhile. For the time being this is good for us because it will continue to foster the desire to pull money out of circulation, thus raising the value of the Dinar. With the different programs in the 2007 budget, which includes a $91 handout, for the first and last three months of the year, to each person deemed a hardship case and a (if I remember correctly) 50% increase in pay for the government employees, the economy will get a strong boost. The government is the largest employer in the country. It seems the GOI is really trying to stimulate the Iraqi economy.

There was another article that the demand for the dollar is also growing, this means only one thing. With the general populace hording the Dinar and the CBI continuing to pull Dinars out of circulation, the demand for the dollar is up because the Iraqi economy is growing and imports are increasing. Purchasing power is slowly increasing and almost all imports are in dollars. If demand for the dollar is up then imports are also up. We know from the past articles that the economy is growing at about 12 to 15 percent a year, this demand for the dollar helps back that supposition of a growing importing economy. If they can keep the inflation from getting out of control this is a great formula for a rapidly growing economy. Remember in another article they plan on getting the 22 factories around Baghdad up and running by the end of the year. The people surveying the factories were surprised at the good condition the factories were in. This alone is going to employee 22 thousand people.

With the neighboring countries reaping a good portion of the benefits of the growing import business in Iraq this will help curb the influx of violence. We are already witnessing this between Turkey and the Kurds. Syria and Iraq want to soon reopen an already existing oil pipeline to the Mediterranean. You can be sure Syria won’t let that revenue generator get bombed and hopefully we will see the oil pipeline to Turkey not bombed as much now, since Syria has theirs too. I think we are seeing the stage being set to a witnessing of an economic boom in that part of the world. The revaluation is coming, maybe not as fast as I would like it, but it is only a matter of time. I don’t think that time is more than 2 years out at the very most.

Michael thanks for the very interesting comment look forward to more posts

The article is a couple of days old but we are seeing some great things starting to happen in Iraq and here is one of them

With the Iranians nationalizing the Japanese oil assets in Iran, we can see from here the Japanese are doing what it takes to secure their energy needs. The money allocated for the oil and electricity, which is the largest portion of the loan, is to build an oil pipeline with all of its electrical power needs from Basra to the ports. The increase in the importing of goods from the overflow of this loan and the employment opportunities is going to be huge. This is no small amount of money. Right now the going rate to carry a bomb is 50 to 70 dollars, I have a feeling the influx of these types of loans are going to drive the insurgents out of business. Why have the dangers of carrying a bomb when the ignition switch is in someone else’s hand, when you can make more money working for something that will give you a good feeling at the end of the day, because you are bettering your community. There will always be the hardcore insurgents but it is going to get much more difficult and expensive for them to recruit in the future.





Iraq is preparing to receive the Japanese loan of 3.5 billion dollars
Iraq is preparing to receive the Japanese loan of 3.5 billion dollars
20/01/2007
Source: Translated by IRAQdirectory.com
The Iraqi Ministry of Finance is preparing to receive the Japanese loan of 3.5 billion dollars by the end of this month after it signed an agreement with the Japanese embassy during the bilateral meetings held for the period from 12-18 last December in Amman. A source in the ministry said that the Japanese loan is expected to arrive this month and that it is specified for the implementation of projects of rebuilding Iraq. Those projects concern the sectors of electricity, oil, water resources and industry. The source pointed out that currently the legal and administrative aspects of implementing the loan are being discussed after the approval of the Economic Committee for the projects prepared by the relevant ministries.

This is absolutely great stuff in the article below. This is the kind of thinking we have been waiting for. People are starting to to see and plan a better future. They have hope. This is what is going to defeat the insurgents and in turn raise the value of the dinar.The more we see of this kind of thinking and doing, the faster the dinar will go up.
Mahmudiyah project helps boost local economy
Mahmudiyah project helps boost local economy
Blacknathem News - [22/01/2007]


Mahmudiyah’s mayor wants to chart a new course and believes a signature project for his community would be welcome news.

Mayor Muayid Fadil Hussein Habib is viewing several possibilities including a Vocational Technical College, a soccer stadium, and a vegetable and fruit processing factory.

"My hope is that we can convince Iraqi and American officials to invest here in a facility that will have a meaningful impact for decades to come," Muayid said. "These projects would employ local people not only in the construction phase, but would benefit our area and help the local economy as a lasting legacy," he noted. He was also hopeful that a facility like a Vocational Technical College would encourage other small industries to open in his community, such as a new cement plant or metal fabrication shop.

"We need to boost our local employment opportunities that will benefit not only Mahmudiyah, but the surrounding villages." He was hopeful farmers in his areas could qualify for low-interest loans so they could expand their agricultural opportunities including fish farms, poultry and beef operations. "If we can help them with the start-up costs, they will be able to repay those loans with the profits. It’s another way to help the local economy," Muayid said.

David Schmidt with the U.S. Army Corps of Engineers recently met with Muayid to discuss those possibilities, as well as ongoing work in his city. Schmidt encouraged the mayor to work through his Iraqi officials and the Baghdad Provincial Reconstruction Team to determine what was possible and to identify funding.

Ongoing work includes repairing the community’s water treatment plant, rebuilding Mahmudiyah’s Market, school renovations, a new primary healthcare center, and electrical distribution upgrades.

Regarding such projects, Muayid asked that local contractors be utilized. Schmidt said his office is interested and willing to schedule a meeting with local contractors to provide them training on how to prepare bid proposals -- the documents and references that are required. He also suggested that someone in the mayor’s office attend so they could offer that information to others in Mahmudiyah. "It shows them the steps necessary to qualify for the work," he added.

Schmidt complemented the mayor on his interest in economic development. "This is a definite priority for all -- business and job creation is something we’re all interested in," Schmidt said.

"We need new projects offering long-term benefits," the mayor noted. "This is how we’re going to build a new Middle East. Such efforts will encourage trust and friendships we’re all looking for."

With the number of specialists in the economic field for the need to speed up the adoption of the current year budget, and work on what came from allocations for the advancement of the country by residential and service in various fields.
They warned of the failures that may be due to administrative corruption stressing the importance that the government is working on the follow-up mechanisms to implement what was stated in that budget plans and urban health, education and service will be strictly to the upgrading of the Iraqi reality in a comprehensive manner.
In the meantime, the extensive discussions have taken place between members of the House and a number of specialists approval and stand on the key strengths and address the contents of the negative aspects, and had recommended a number of attendees to speed up the adoption of the budget because it contained a large investment funds benefit of Iraq to set up many vital projects which is dire need them.

Call to speed up the ratification
He called on the Minister of Planning and Development Cooperation on Papan the House of Representatives to speed up the ratification of the budget for the current year.
He said during a discussion of the financial budget for the current year in the House of Representatives : that the ratification of the budget will reflect positively on the completion of many projects. The delay in ratification would delay the completion of those projects. Stressing that the government could, in this circumstance is difficult to develop a budget not by any previous government, which is encouraging the completion of the budget plans of all ministries during the current year if implemented carefully. Noting that the Ministry of Planning is now in the light of the slogan calling for the establishment of more investment projects and state benefits, and the priority in these projects. The Papan that some rates of achievement in the past year in some ministries were low because of the security situation facing Iraq.

For the implementation of investment projects

For his part, Deputy Prime Minister Dr. Barham Salih during discussions on the need to see Iraq through this year, the implementation of the largest possible number of projects that serve the citizens and the Iraqi economy. He pointed out that the last phase of the budget took up most of the financing aspect of security, because it represents the first priority in the lives of citizens, in addition to the financing items ration card, he said, pointing out that last year, not at the level desired by the government or the House of Representatives in terms of the implementation of projects.
And the benefit that the current budget is the largest in the history of Iraq, therefore, it must be this year overview of the implementation of investment projects that will be a factor in lifting the economy and the elimination of unemployment.
Saleh also pointed to the need to feel the improvement in the security situation citizen and service and working to find ways to Pavhamh that the government was working towards raising the standard of living for him.
Regarding the implementation of the programs and plans of the lag in the implementation of projects not in the lack of appropriate funds, but the imbalance in the administrative corruption and mechanisms wrong is the most important reasons for wasting public money and not put in its proper place.
Budget investment

Central Bank Governor Sinan Shabibi said, in turn : that the new budget is an investment budget and the size of a large investment in economic terms. He added during the budget debate this year in the House of Representatives said that the Central Bank's role is to address the imbalance resulting from the development process that will produce changes in the economic structure are basic.
Shabibi explained that the Central Bank is working on the development of a stable monetary, in addition to the bank concerned by all means and contexts that achieve economic stability and dealing with inflation. He continued Shabibi that our budget for the preservation of resources, and this will be done by the fight against inflation, and we have a number of measures including raising the exchange rate of the dinar. He pointed out that the impact of this measure in the budget through influence in the purchasing power of the government.
He said that this policy will increase confidence in the dinar will pull some of the money to the banking sector and the rationalization of government expenditure which will limit inflation.
And that this will lead to the reduction of import prices, such as imports, the private sector and the import of the government's development comes through the transformation of the Iraqi dinar to the dollar.
While many supporters as stated in the details of the budget and the figures put forward, and call for early ratification, but it was met with objections also on some of the points that some considered vague and needed to be amended, the Virtue Party, in the words of President bloc in the parliament hinted that it is very likely that no vote his party on the current year budget of the ambiguity and lack of clarity in some of what was reported in the paragraphs.
And Hassan al-Shamri added in a press statement : There are several observations on the budget include the titles are unclear and ambiguous title of which (social benefits) contained in the budget (the presidency of the republic and the prime minister and the Ministry of Finance), as the allocations for this confusing title (in the words of al-Shamri) 5 trillion and 125 billion and 50 million Iraqi dinars.
He pointed out that this ambiguity and lack of clarity provide an opportunity for embezzlement, theft, in addition to the title (the activity of the State), which has been allocated is also significant.
The Shamari said that the budget pointed to the allocation of grants to the Kurdistan region and the failure to allocate a similar spending for the rest of the governorates and there between the figures for the numbers of sovereign sites earmarked for spending points which are prejudicing the lives of the people and their rights.
He stressed that it is necessary for members of the House of Representatives claim the reasoning behind the views of expenditure by ministries to the Ministry of Finance found in terms of the accuracy of the figures, and the priority points expenditure.

5 trillion and 125 billion and 50 million dinars.

There are several observations on the budget include the titles are unclear and ambiguous title of which (social benefits) contained in the budget (the presidency of the republic and the prime minister and the Ministry of Finance), as the allocations for this confusing title (in the words of al-Shamri) 5 trillion and 125 billion and 50 million Iraqi dinars.
He pointed out that this ambiguity and lack of clarity provide an opportunity for embezzlement, theft, in addition to the title (the activity of the State), which has been allocated is also significant.
The Shamari said that the budget pointed to the allocation of grants to the Kurdistan region and the failure to allocate a similar spending for the rest of the governorates and there between the figures for the numbers of sovereign sites earmarked for spending points which are prejudicing the lives of the people and their rights.
He stressed that it is necessary for members of the House of Representatives claim the reasoning behind the views of expenditure by ministries to the Ministry of Finance found in terms of the accuracy of the figures, and the priority points expenditure.
Translated version of ÇáÍßæãÉ ÇáÚÑÇÞíÉ


Iraq-Currency
Dollar demand down in Iraqi Cenbank auction
Baghdad, Jan 23, (VOI) – Dollar demand declined on Tuesday in Iraq’s central bank daily auction, reaching $60.605 million compared to $104.240 million on Monday.
In its daily statement the bank said it covered all bids which were $13.105 million in cash and $47.500 million in foreign transfers at an exchange rate of 1,295 dinars per dollar, three ticks lower than Monday’s rate.
None of the 14 banks that participated in Tuesday’s auction offered to sell dollars.
Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency Voices of Iraq (VOI) the new decline in rates heralded a new retreat in auction activity.
Abaiji expected a big rise in the monthly sales of the central bank during the coming months after approving the Iraqi federal budget in dinars. He said this would make the government buy dinars from the central bank and sell dollars in the daily auction, thus propelling sales to record levels.


I don't post much, but this really jumped out at me. It would appear that changes need to be made in the verbage of the 2007 budget monetary allocations. Since the budget was approved in Dinars, either the Dinar needs to be adjusted, or the amounts requested by the ministries needs to be adjusted. JMHO

Incoming Iraq general: 'Tough days ahead'
POSTED: 10:54 a.m. EST, January 23, 2007
Story Highlights• NEW: Petraeus on increase: "I don't know what the time limitation is"
• Lt. Gen. David Petraeus predicts challenges in Iraq
• Senators opposed to Bush troop increase quiz Petraeus
• Petraeus, ex-chief of Iraqi training mission, considered a shoo-in

More on CNN TV: Prime-time coverage of the State of the Union address starts with a two-hour edition of "The Situation Room." Watch Tuesday at 7 p.m. ET.
Adjust font size:
WASHINGTON (AP) -- The Army general who would carry out President Bush's troop buildup in Iraq urged patience Tuesday and predicted "tough days" ahead.

"None of this will be rapid," Lt. Gen. David Petraeus told the Senate Armed Services Committee. "The way ahead will be neither quick nor easy."

Many in Congress, including some Republicans, oppose Bush's plan, which would send an extra 21,500 U.S. troops to Iraq as part of a revised strategy for quelling sectarian violence in Baghdad and stabilizing the country. Before the build up began in recent days there were 132,000 U.S. troops there.

Bush nominated Petraeus to replace Army Gen. George Casey as the senior American commander in Iraq. Petraeus told the committee he had spoken to Casey in recent days and that Casey said he favored Bush's troop build up.

Sen. Carl Levin, D-Michigan, chairman of the committee and a leading critic of Bush's Iraq policy, pressed Petraeus on whether the flow of additional U.S. troops could be halted in midstream if the Iraqi government failed to meet its commitment to provide thousands more Iraqi troops.

"It could," Petraeus replied. Earlier he said there were no "specific conditions" the Iraqis must meet in order to keep the flow of U.S. forces moving. The last of five additional U.S. brigades are scheduled to arrive in the Iraqi capital in May; the first got there just days ago.

Petraeus said that in the event the Iraqis did not meet their commitments, he would consult with Defense Secretary Robert Gates on how to respond.

'The situation in Iraq is dire'
In his opening statement, Petraeus, 54, painted a grim picture of conditions in Iraq.

"The situation in Iraq is dire," he said. "The stakes are high. There are no easy choices. The way ahead will be very hard. ... But hard is not hopeless."

Petraeus, a former division commander and once the head of the Iraqi training mission, is considered a shoo-in to win Senate confirmation as commander of Multi-National Forces-Iraq. Devoted early in the war to trying to win the hearts and minds of Iraqis, Petraeus later wrote the Pentagon manual on how to tackle insurgencies. He also previously supported expanding U.S. forces in the region.

Sen. John McCain, R-Arizona, a leading proponent of Bush's troop build up plan, asked Petraeus how long he thought the U.S. build up could be sustained.

"I am keenly aware of the strain" on the Army and Marine Corps, Petraeus said, adding that he welcomes Bush's proposal to increase the size of the land forces over the coming five years.

Asked by McCain how soon he thought he would know whether the new strategy was working, Petraeus said, "We would have indicators at the least during the late summer." As currently planned, he said, the last of the five additional U.S. Army brigades would be ready to fight in Baghdad by the end of May.

Kennedy: How long will they stay?
Several committee members noted that Petraeus recently oversaw the writing of a new Army manual on how to counter an insurgency. Sen. Edward Kennedy asked him why an extra 21,500 would make a significant difference.

Petraeus replied that the important factor was how extra troops are used, not their numbers. Their main focus, he said, will be on securing the civilian population of the capital rather than killing insurgents.

Kennedy, D-Massachusetts, asked how long the extra troops would remain in Iraq.

"I don't know what the time limitation is," Petraeus replied, adding that it would be reasonable to give the Iraqi government more time to gain its political footing and to make the tough decisions needed to quell sectarian violence.

Casey said last week that the new U.S. troops might be able to begin leaving as early as late summer.

Sen. John Warner of Virginia and two other Republicans on Monday announced legislation denouncing the U.S. troop increase, as House leaders drafted what they called "strategic benchmarks" for the war. (Watch GOP's Warner compare Iraq indirectly with Vietnam )

"I feel ever so strongly that the American GI was not trained, not sent over -- certainly not by resolution of this institution -- to be placed in the middle of a fight between the Sunni and the Shiite and the wanton, incomprehensible killing that's going on at this time," Sen. John Warner, R-Virginia, told reporters Monday.

Copyright 2007 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed

كتب: nakr2004 في يوم الثلاثاء, 23 يناير, 2007 - 01:32 PM BT
Books : nakr2004 on Tuesday, January 23, 2007 1:32 PM-BT

البرلمان يصوت على تمديد عمله حتى الشهر المقبل
Parliament voted to extend its work until next month

من سانتا ميخائيل
From Santa Mikhail

بغداد-(أصوات العراق)
Baghdad - (Voices of Iraq)

قال محمود المشهداني رئيس مجلس النواب العراقي اليوم الثلاثاء اثناء أفتتاحه الجلسة رقم 62 أن قادة الكتل يصوتون اليوم على طلب تمديد عمل المجلس لغاية العاشر من شباط فبراير الجاري.
Said Mahmoud Almshahadani President of the Iraqi parliament today, Tuesday, during the inauguration of the No. 62 that the leaders of the bloc vote today on the request for the extension of the work of the Council until February 10th of this month.

وقال المشهداني لاعضاء البرلمان " تم الاتفاق على ذلك بشرط أن تكون الفترة منتجة ويتم فيها الانتهاء من التصويت على الموازنة وإقرار قانون عمل المفوضية العليا المستقلة للانتخابات وقانون أنتخابات مجالس البلديات وتمديد قانون الطوارىء.
He said Almshahadani for members of Parliament "has been agreed on the condition that the period be productive and be the completion of the vote on the budget and approve the work of the Office of the Independent Electoral Commission and the law of the municipal elections and the extension of the Emergency Law.

وقد صوت مجلس النواب بالاجماع على تمديد عمل البرلمان لغاية العاشر من الشهر الجاري.
The House of Representatives has voted unanimously to extend the work of parliament until the 10th of this month.

وينص الدستور العراقي على وجوب مصادقة البرلمان على موازنة 2007 قبيل أنتهاء الدورة التشريعية الثانية.
Under the constitution, the Iraqi Parliament must ratify the 2007 budget before the end of the second legislative session.
وقال عضو مجلس النواب عباس البياتي أن جلسة اليوم ستخصص لاستكمال مناقشة موازنة 2007
He said the member of the House of Abbas Bayati that today's meeting will be devoted to completing the 2007 budget debate
وأضاف البياتي لوكالة انباء (أصوات العراق) المستقلة اليوم انه " من المحتمل ان يتم التصويت على الميزانية اليوم."
He added Bayati News Agency (Voices of Iraq) Independent today that it is "likely to be voting on the budget today."

في حين أستبعد أزاد بابرني عضو البرلمان عن التحالف الكردستاني أن تشهد جلسة اليوم التصويت على الموازنة وقال "أتوقع أن تستمر المنافشات حتى الاسبوع القادم."
While ruled Azad Baberni member of Parliament from the Kurdistan Alliance to witness today's meeting vote on the budget and said : "I expect to continue Almenavchat until next week."

وبين بامرني أنه وحسب الدستور العراقي لا يحق لمجلس النواب التمتع بعطلة أنتهاء الدورة التشريعية الثانية دون المصادقة على موازنة 2007.
Between that and Bamarni, as the Iraqi Constitution is not entitled to the House enjoy the end of the second legislative session without approving a budget in 2007.
يذكر أن الموازنة تخضع للمناقشة منذ منتصف الشهر الماضي .
It is noteworthy that the budget under discussion since mid last month.
من جانب اخر اعترضت عضو البرلمان عن جبهة التوافق امل القاضي على عملية التفتيش التي تتعرض لها على أيدي القوات الاجنبية في نقاط التفتيش بالمنطقة الخضراء.
On the other side objected to a member of Parliament from the Accord Front hope the judge on the inspection process, which is being subjected to at the hands of foreign forces in the green zone checkpoints.

وطالب اعضاء في التوافق بمنحهم بطاقات دخول خاصة تمنح لاعضاء البرلمان لدخول المنطقة الخضراء.
Members called for in the agreement granting them special access cards granted to the members of Parliament to enter the Green Zone.

لكن المشهداني ابلغهم بان" القوات الامريكية لا تمنح اعضاء كتلة التوافق وكتلة اخرى بطاقات خاصة باعضاء المجلس اسوة بباقي الكتل" وقال" انهم رفضوا طلبي بحجة انهم يشكون اذا منح التوافق البطاقات فانه سيقوم بادخال ( الارهابيين)."
But Almshahadani telling them that "the American forces did not give members block consensus and block other cards, especially members of the Council as to the other blocs" and said "they refused my request pretext they complain if granted compatibility cards it will introduce (terrorists)."

واضاف المشهداني وبنبرة حادة " لا توجد سيادة ، والا كيف تفتش قيادية على ايدي (علوج لا يفقهون التقاليد) ويقصد بهم القوات الاجنبية."
He added Almshahadani and sharp tone, "There is no rule, but how to search leadership at the hands of (Al ignorant traditions) to mean foreign forces."

وقد اثار تصريح المشهداني أعضاء جبهة التوافق وهددت القاضي بمقاطعة الجلسة في حال عدم منحهم بطاقات خاصة تخولهم الدخول أسوة ببقية زملائهم دون التعرض للتفتيش.
The impact statement Almshahadani members Accord Front and the judge threatened to boycott the meeting in the absence of granting special cards allows them to enter Like other colleagues without being subjected to inspection.

يذكر أن أعضاء مجلس النواب يمنحون بطاقات خاصة تسمى (الباجات الزرقاء) لدخول المنطقة الخضراء .
It is noteworthy that the members of the House of Representatives granted special cards called (Albajat blue) to enter the Green Zone.

وكان رئيس مجلس النواب محمود المشهداني قد اجتمع في مكتبه بمقر المجلس يوم أمس مع رؤساء ووممثلي الكتل النيابية لبحث ظاهرة التغيب المستمر لعدد من النواب والتأثيرات السلبية لهذه الظاهرة على اداء المجلس والضوابط والاجراءات المناسبة لمعالجتها.
The head of the Chamber of Deputies Mahmoud Almshahadani had met in his office at the Council yesterday with the heads of parliamentary blocs and Ommthli to discuss the truancy continued for a number of deputies and the negative effects of this phenomenon on the performance of the Council, controls and appropriate action to address them.


Translated version of Aswat al Iraq :: Aswat al Iraq

Originally Posted by One Oar

Thanks Socata. Definately missed your morning updates with my morning coffee.
Along with what you said, check out the comment at the end of this statement:

Iraq-Currency
Dollar demand down in Iraqi Cenbank auction
Baghdad, Jan 23, (VOI) – Dollar demand declined on Tuesday in Iraq’s central bank daily auction, reaching $60.605 million compared to $104.240 million on Monday.
In its daily statement the bank said it covered all bids which were $13.105 million in cash and $47.500 million in foreign transfers at an exchange rate of 1,295 dinars per dollar, three ticks lower than Monday’s rate.
None of the 14 banks that participated in Tuesday’s auction offered to sell dollars.
Economist Abdul-Razzaq Sadeq al-Abaiji told the independent news agency Voices of Iraq (VOI) the new decline in rates heralded a new retreat in auction activity.
Abaiji expected a big rise in the monthly sales of the central bank during the coming months after approving the Iraqi federal budget in dinars. He said this would make the government buy dinars from the central bank and sell dollars in the daily auction, thus propelling sales to record levels.



Iraq-Currency :: Aswat al Iraq :: Aswat al Iraq

" after approving the Iraqi federal budget in dinars." Now that got my attention, from 41 billions dollars to 41 billions dinars? How could the GOI do that? I wonder….

Originally Posted by PlatanoKing

" after approving the Iraqi federal budget in dinars." Now that got my attention, from 41 billions dollars to 41 billions dinars? How could the GOI do that? I wonder….

That converts to 31 million dollars..... NOT LIKELY
I would tend to believe that the amount is still 41 Billion but he just converted it and SAID DINARS... now that is just my opinion

Originally Posted by PlatanoKing

" after approving the Iraqi federal budget in dinars." Now that got my attention, from 41 billions dollars to 41 billions dinars? How could the GOI do that? I wonder….

I like the way you're thinking but slow down -they didn't say the amount in that article. They only mentioned approving the budget in Dinars, not the amount of Dinars. Again, i like where your heads at but seems a little premature based on just this article.