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

Will someone please post about the freaking meeting we all just freaked out about?

Originally Posted by Offshore-Wealth.com

Good one Adam,

This is what most people don't have a clue about, the Kurd's know how to run a country, and it would suit me just fine if they were running the whole country, if so, the revalue would have happened a year ago judging from what my Kurd's were telling me. Amazing how different those are in Baghdad and how ass backsword they are from Kurdish people. Getting close finally, this is going to be fun to watch everyone go totally nuts. LOL

Good luck to all, Mike

Now I am excited. My source has spooken and agreeing now. When OSW Speaks...Finally. Everyone from the Past will Listen. I am, going to go totally Nuts Mike, you betzya.

Originally Posted by goldraker

Before we say good bye! I just want to wish everyone good to great luck! I know we have ya sayers and naysayers! For good reasons, both parties have very good points! I am a ye-sayer, and I'll tell you why. Basically the USA runs the world, Iraq is their new baby. They have spanked this baby and now they are going to send their favorite child to college. The true facts of the matters are only known by a handful of people. And they are not in our club. So we do our best, and we have done very well! At decoding millions of documents. I want to say thank you to all of the news-hounds, brainiacs and the information suppliers at this time! I think it's going to go BIG! Cause the USA can get a lot of what they want! And this is what they want a successful and prosperous Iraq! This appears to be a BIG deal announcement. As well, it should be! If what I think is about to happen. People this will be the LARGEST transfer of wealth ever!!!! In closing Iraq is almost debt free with thee most & best crude oil in the world! New oil figures will be released soon. So after this, let's keep the gang together and together we could rule the world! Together we have a mighty fist! So whats next the Dong the Dobra and maybe Iran down the road!!!!!!!!!

A PRE CONGRATULATIONS TO EVERYONE GOD BLESS I LOVE YOU ALL!!!!!!

Glad you made it to Rolclub. Members like you is what makes a forum a Great Place to share in our lives. Leaders I tell you, and great thoughts. When it happens, I hope you all return as well.

Originally Posted by Texas_Tea

Not sure this is anywhere but thought i would post in case it was overlooked or not posted.

Iraqi Dinars | Iraqi News and Iraqi Money

Iraq Central Bank to apply International Standards Concerning Sufficiency of Capitals
September 26, 2006

The bank is now applying several projects. The most important of which is: the reframing and re-qualifying of governmental banks, applying a serious monitoring system and developing the local one, creating a complete united statistical work that covers all main sectors and finally starting a governmental exchange market.(Source)Al-Sharq Al-Awsat

I personally could read this one over and over again.

Originally Posted by noced71

I am not trying to be a "downer", but this is a point that has to be considered. If they announce this while trading is going on, and banks are open, wouldn't there be a mad rush to buy up the dinar? I do believe this is going to happen, but it just seems like it wouldn't be announced during a press conference before the fact.

If this is the case. Then the dinar is already bought up. CBI mostlikly done exchange out all they are. What we get is what someone else has already gotten.

Originally Posted by greatstuff

Return on Loan - originally return on investment but changed for legal reasons. PIPS

Now Changed again. ROL Means "Range of Love".

No I am just kidding, Return on Loan is what I been told also. But All Get ready for it to go to TRC here in the near future.

Originally Posted by neno

Now Changed again. ROL Means "Range of Love".

No I am just kidding, Return on Loan is what I been told also. But All Get ready for it to go to TRC here in the near future.

The Rich Crowd?

Tommy soon it will happen You got the pool heated up? Please have dinaron me when it r/V s. LOL did I say Dinar? ----OmyGod! I ment DINNER>

TEXAS STYLE Dinner.

U.S. says attacks cost Iraq $16 bln in oil exports
28 Sep 2006 21:22:34 GMT
Source: Reuters

More By Tom Doggett

WASHINGTON, Sept 28 (Reuters) - Iraq lost $16 billion in oil export revenue for about a two-year period and has not been able to maintain adequate electricity supplies due, in part, to insurgent attacks on the country's energy infrastructure, the U.S. government's independent inspector on Iraqi reconstruction said in a new report.

"A number of factors, including attacks, aging and poorly maintained infrastructure and criminal activity are adversely affecting Iraq's ability to develop a viable energy sector," said Inspector General for Iraq Reconstruction Stuart Bowen.

"These factors have combined to hold down Iraq's oil exports and the availability of electricity," Bowen said in an unclassified summary released on Thursday of a still-classified audit report prepared in late July.

The report said Iraq lost a potential $16 billion in revenue from oil exports between January 2004 and March 2006.

Iraq's oil sector, which the Bush administration hoped would be a big revenue raiser to help rebuild Iraq, has been subjected to repeat attacks on its pipelines and oil export facilities. Iraq has the world's third largest crude oil reserves at 115 billion barrels.

Despite its huge oil holdings, Bowen noted, Iraq is paying billions of dollars to import gasoline and other refined petroleum products for its citizens.

The United States has invested about $320 million to improve Iraq's capability to protect its oil and electricity infrastructure, the inspector general said.

Bowen said the new Iraqi government must take "bold action" to protect the country's energy sites, and he noted Iraq's leaders are pursuing initiatives to enhance security and performance of the oil and electricity infrastructure.

Iraq's oil production averaged 2.2 million barrels a day in August, based on the latest estimate from the U.S. Energy Department. The country's oil exports have been running at almost 1.7 million barrels a day in September.

Those levels are far below pre-war conditions, when energy experts had estimated that Iraq pumped between 2.8 million and 3 million barrels per day and had a net oil export potential of 2.3 million to 2.5 million bpd.

Key to boosting Iraq's oil production is investment by foreign energy companies in the country's underdeveloped and undiscovered oil fields.

Iraq says it needs up to $20 billion in investment to increase its oil production to 6 million barrels a day.

However, many foreign oil companies are reluctant to do business in Iraq because of the country's ongoing violence.

http://www.alertnet.org/thenews/newsdesk/N28375111.htm