Sorry Leann. And Thanks Dave, but I think I will sit this one out. You faith has brought a lot of things to light in this forum and YOUR DATE was spot on!
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Subject: Podcast ready, and next weeks call
neno,
Please go to the launch blog right now to pick up your first IFC
podcast.
The first call tonight was awesome, more about call in the blog!
Iraq Fan Club Launch Blog
Regards,
Darren Chabluk
96 Sandale Drive, Winnipeg, Manitoba R2N 1A2, CANADA
[QUOTE=notazbad2000;177897]Hammered maybe too strong of a word, slapped around may do it.
I concur, it has been an interesting evening, and you deserve a break!
Leann
For any body that is interested I first dealt with Darren Chabluk when I was still a few weeks away from becoming a True Dinarholic about 11 months ago. After dithering over the price of his E-book for a few days I bought it. I believe that he was no longer a dealer at that time. This was long before I learned of Dinar Forums. He did not strike me as being dishonest and the money I spent on his info was just another step on the path to the Dinar Rollercoaster!! The most entertaining investment I have ever made.
I forgot to add this earlier:
The guy's sources were also saying that smaller denominations(coins) were currently being trucked from Banks in Baghdad to smaller banks outside of the city.
Guidance on Non-Binding Documents
Governments frequently wish to record in writing the terms of an understanding or arrangement between them without, by so doing, creating obligations that would be binding under international law. The language, titles, and techniques used for this purpose vary considerably. While not binding under international law, a non-binding instrument may carry significant moral or political weight. Such instruments are often used in our international relations to establish political commitments.
Ambiguity as to whether or not a document is legally binding should be avoided. When negotiating a nonbinding instrument, both/all sides should confirm their understanding that the instrument does not give rise to binding obligations under international law. In all cases, the draft text should be reviewed by legal counsel familiar with the matters dealt with in the instrument. Also, the Office of Treaty Affairs encourages agencies and offices to share the texts of proposed non-binding documents with this office, which is responsible by law for determining whether a particular document is a binding “international agreement” for purposes of reporting to Congress.
Certain formal, stylistic, and linguistic features tend to be associated with agreements binding under international law, while other features tend to reflect an intent on the part of the participants to produce an arrangement of a purely political nature.
For example, we generally advise that an intention to conclude a binding international agreement may be indicated by employing terminology such as “shall”, “agree,” “undertake”, “rights”, “obligations”, and “enter into force.” When negotiators seek to conclude a non-binding instrument, we generally advise them, for example, to avoid terms such as “shall”, “agree”, “undertake”, or “party”; and to express that the instrument “come into operation” or “come into effect” for the “participants.” Also, we recommend where possible that the “participants” include a disclaimer in the text of the document expressly providing that it is not legally binding under international law.
It should be noted that U.S. practice on non-binding documents may differ significantly from that of other countries. For example, for the United States, the use of the verb “will” in the text does not necessarily mean that the commitment at issue is not legally binding under international law. Because the use of the term “will”may lead to confusion as to the intention of the participants, the Office of Treaty Affairs generally recommends that this term be avoided in non-binding documents. Also, the use of a title such as “Memorandum of Understanding” for a document does not automatically denote that the document is non-binding under international law. The United States has entered into MOU’s that we consider to be binding international agreements.
In sum, the Office of Treaty Affairs reviews the status of international instruments on a case-by-case basis, and a determination whether a document constitutes an international agreement or is a non-binding instrument is made on the basis of a number of criteria, including the identity and mutual intention of those entities involved, rather than simply the form or title of the document.
thanks Goldraker, that's great!
Goldraker, thanks for putting this in print! Common sense told me what nonbinding probably meant, but seeing it in print helps clear out the fog in my brain!!
Hi, I was also on the call last night, I was scribbling notes as fast as I could, I would not have been able to do what you did, and as they were speaking type the info. into the RC. Good for you..
By the way on another thread, they mentioned Chase Bank would stop selling for about 2 weeks, and the reval would then happen, some time in April, per a high up at Chase bank. Well I have one 2 blocks away, so I will keep checking.
barmurphy
What was said about the non-binding contract was that the IMF has put a non-binding dead line on the CBI for today 3/22/07 to revalue, if they didn't nothing will happen. That's all about that, he then said he got a call from the same source at 4AM and was told they are bringing coins into the CBI & surrounding banks in Baghdad, he mentioned 5 cents etc. And said the significance is that they will have no value if they don't revalue.
Hi everyone
My name Ali I am the owner of Dinar trade I have heard about this call some one had said that I support this.just to let every one know I DONT KNOW THESES PEOPLE AND DINAR TRADE OR MYSELF HAVE NOTHING TO DO WITH THIS CALL.
[quote=barmurphy;178024]What was said about the non-binding contract was that the IMF has put a non-binding dead line on the CBI for today 3/22/07 to revalue, if they didn't nothing will happen. That's all about that, he then said he got a call from the same source at 4AM and was told they are bringing coins into the CBI & surrounding banks in Baghdad, he mentioned 5 cents etc. And said the significance is that they will have no value if they don't revalue.[/quote]
Lower denoms would be senseless without a reval. :fryingpan I hear this loud and clear . . . do I hear a Reval woooooot!!!!:banana:
I don't know if you were around back then but there was a guy or "guys" (team) on IIF that use to always say that the dinar will revalue when the ISX opens. He even had a contact that was in a banking capacity in Iraq and posted this news article about him, I saved it Little Silver banker aids rebuilding of Iraq Lawyer tells of working in Saddam Hussein’s palace BY LAYLI WHYTE Staff Writer
He went by the username regenpower, does anyone remember him? IIF banned him and I cannot read any of his old post but I do remember that he would always insist that ISX was the key. Maybe this is the guy on the call?
Yeah I remember that guy, he was kind of a naysayer if I recall correctly