Thread: Iraq/Dinar News. 09/05 to 01/14/07

who is MUNSON?

Originally Posted by donald1439

i think WM is trying to inspire different ideas and thinking, dont forget he is highly educated

link?

Originally Posted by shotgunsusie

link?

OOOPS!!!!!

Originally Posted by DayDream

That statement fits in with this statement...

It is expected that the ISSUANCE of NEW CATEGORIES to the transaction in accordance with the requirements of the Iraqi economy to meet the expenses of the state in the next stage

Don't you think? Okay maybe pushing it a little huh? But only because of the last part....to meet the expenses of the state. What could that mean? Something maybe to do with the auctions talked about in the last paragraph?

Cheers!
DayDream

the untranslated article, I can get it translated.

If you send me

KANSAS CITY, Mo.

U.S. Agriculture Secretary Mike Johanns said Wednesday he was heartened by the interest of the nation's universities in helping boost Iraq's farm sector.

Speaking at the annual convention of the National Association of Farm Broadcasters, Johanns said five consortiums, each consisting of five large universities, have submitted proposals to his department for creating an Iraqi extension service.

The U.S. Department of Agriculture issued a request for proposals after Johanns returned from a summer trip to Iraq, where he signed an agreement to pursue the Iraq Agriculture Extension Revitalization Project.

Under the program, U.S. land-grant universities will train Iraqis as extension agents to give their nation's farmers technical assistance, just as the agents do in the United States.

"The economic revitalization of Iraq in terms of job creation will be led by agriculture," Johanns said.

"When we think of Iraq, we think of oil. Oil is great, and it's bigger monetarily, but it doesn't create a lot of jobs," he added. "It is agriculture, and stabilizing and growing agriculture, that really is going to make the difference."

Johanns noted that Iraq has several regions suitable for growing grain crops.

"And they don't tend to have the severe security issues that you tend to have in the center of Baghdad or Fallujah," he said, adding that he did not mean to suggest that security concerns were nonexistent in agricultural Iraq.

The Agriculture Department is reviewing the proposals to decide which consortium will serve as its partner in the project, Johanns said.

On other topics, Johanns said the Democratic takeover of the House and Senate in last week's elections would not make a major difference as Congress drafts a new farm bill next year.

He praised the incoming Democratic chairman of the House Agriculture Committee, Rep. Collin Peterson of Minnesota, as a "good guy." Johanns also said Peterson and Sen. Tom Harkin of Iowa, who will chair his chamber's Agriculture Committee, both are knowledgeable about farming and the farm bill.

"Agriculture is a lot less partisan than the rest of the federal government," Johanns said, adding, "No farm bill is ever going to be built as a one-man show."

Johanns took the occasion to announce that a fourth "energy estimator" for farmers -- this one on animal housing -- has been added on the Agriculture Department's Web site.

The estimators are programs for calculating the potential savings farmers can achieve in their energy costs by revising some of their methods and tools. Energy estimators for irrigation, nitrogen and tillage were posted earlier.

For animal housing, the new estimator evaluates the major energy costs in lighting, ventilation, heat and other aspects of housing poultry, swine and dairy cattle.



BW

Originally Posted by wciappetta

I not only agree but I believe it is required. A low Revalue does not solve the price disparity of the region. This was made quite clear recently by the MOF when he spoke about returning to the former level. Without price parity in the region cheap goods in Iraq will ultimately harm both sides of the economic equation; Shortages on one side as smugglers take their profits over the border and the depressing of prices on the other. It’s a two edged sword.

The region is used to a high currency rate for the dinar IMO it is the low rate that is abnormal to the region.

Adjustment can only go so far. Political will also has its place and there is history to back it up, most recently Japan 1985 with the plaza accord and we all know about the German economic miracle. I think Iraq is about to trade in their economic shoes for a pair of German ones….

i agree. probably because im NOT a banker OR an economist. so far their thought process on this entire venture has been less than enthusiastic.

Turkey Offers Training for Iraqi Forces
The Associated Press

November 16, 2006

We are ready to train them, in the military field, and in the police field. Turkey's prime minister on Thursday offered training for the Iraqi police and army, and urged power-sharing among ethnic groups in the Iraqi oil center of Kirkuk.

Prime Minister Recep Tayyip Erdogan said at a news conference with his Iraqi counterpart, Nouri al-Maliki, that his nation was ready to offer training for Iraqi security forces to help achieve stability.

'We are ready to give every kind of support,' he said. 'We are ready to train them, in the military field, and in the police field.'

Erdogan also addressed Turkey's fears that Iraqi Kurds are trying to take control of the oil-rich, northern city of Kirkuk as part of their push for an independent state on Turkey's border.

The city lies just south of the Kurdish autonomous region stretching across Iraq's northeast. Kurdish leaders want to annex the city. Iraq's constitution calls for a census and referendum on the issue by the end of next year.

'There needs to be a plan for Kirkuk that encompasses all the ethnic groups who live there,' Erdogan said.

Originally Posted by bob1940

who is MUNSON?

Only one of the greatest bowlers to ever play the game.

Originally Posted by billknows

Bankers probably know that a high percentage of cash holders in other countries will jump at even a low reval. After all, we're anything but sophisticated investors! The slick investors probably put their money in the ISX.

As Mr. Knowles points out - the banks will draw out the "suckers" for the smallest reval possible and edge up in tiny increments to starve out cash holders that really need the money.

Very likely, Mr. Knowles is quite well off and may in fact have sizable holdings in the ISX. His considerable knowledge puts him in the ranks of the educated elite - and any comments he makes are above questioning - except for the exercise of the intellect (so far as we can claim to posses it!)

Personally, I remain highly optimistic!

I'm Not a smart man, but I'm a slick investor. I'm in the ISX.

Well, our holdings are pretty puny in the great scheme of things and I can't believe those cold-hearted bankers would take so much trouble to get our few dinars cheaper BUT I wonder about this gradual increase they're working on. What is their target? It could be just the 13xx (sorry, I've forgotten) that was once mentioned as a goal, or they could have a much higher target.

Maybe they're going to keep going, slowing down, speeding up, until some of us lose our nerve, or our patience. Maybe some of the bigger investors would, at some point, sell some back just to reduce their investment or lock in a small profit.

The point is that there is a strategy in there somewhere and it has nothing to do with any compassion or fairness. If we think without the emotion, and watch, we may catch on. Then we can go nuts!