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  1. #1
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    Default A Question for Seaview!!

    Seaview, hope you had a nice vacation, My question is , I have been trying to wade through all of your articles on Chapter7, but really at more of a loss than understanding. Has the chapter 7 been repealed or lifted, thus allowing the dinar to revalue or not. If not is this going to be an on going takes years thing to accomplish? My dinar buddy was telling me that there was quite a buzz out in the different forums that it had been done. For me seeing is beliieving and there has be no reval , so I think I have my answer. YOur thoughts my friend!!
    benzboy

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  4. #2
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    Until Seaview returns with a befitting response, I would also add for my side of the observation... the true saying being:

    Time will tell... when it is due.

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  6. #3
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    Hi Benzboy,

    The Security Council has agreed that they wish for Iraq to be removed from Chapter VII, however they have stated that it will be at the end of the year.

    Some of the articles are a bit ambiguous.

    It is clear, as of today, they are still under Chapter VII. The buzz going around, unfortunately at this point, is wishful thinking.

    Things seemed to be picking up for a while, but are back to moving slowly. Maybe it's because it's the Summer.

    May pick up again around September time, we shall see. One hopes!

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    Yah I was thinking the same thing as Benzboy. Thanks for clearing that up
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    the sad thing...a snail would be considered FAST as compared to the Iraqi way of doing things....slow as MOLASSES does not even start to describe these people when it comes to getting things done...IMHO...Pat

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    tHANKS Seaview, sorry about the caps. I talked to my dinar buddy tonight and he said that some contacted the UN and asked if Article 7 had been repealed , revoked or removed, what ever the correct term is and he or they were told by the UN that is had been, however, a disclaimer here, I am not nor have I ever been a SGS so I wont say verbatim, done deal that has happened and we will have our reval shortly. The people in Iraq are crazy , lazy and crooked. so..... I give you this as a baco bit of information, to spread across your proverbial salad bar of life, and discuss.
    benzboy

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    To Seaview, dont forget after summer they have that Ramada celebration, so there shoot another month to hell in a handbasket.

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    Quote Originally Posted by benzboy View Post
    tHANKS Seaview, sorry about the caps. I talked to my dinar buddy tonight and he said that some contacted the UN and asked if Article 7 had been repealed , revoked or removed, what ever the correct term is and he or they were told by the UN that is had been, however, a disclaimer here, I am not nor have I ever been a SGS so I wont say verbatim, done deal that has happened and we will have our reval shortly. The people in Iraq are crazy , lazy and crooked. so..... I give you this as a baco bit of information, to spread across your proverbial salad bar of life, and discuss.
    benzboy
    Ah well, the famous - 'lets phone and find out.' syndrome.

    As for contacting and harrassing staff at the UN. The trouble with this is, nobody really knows what was asked, said or how it was phrased!

    As I suggested, in articles it has been agreed to remove Iraq from Chapter VII, but delayed. The UN may well have agreed that Iraq is removed from Chapter VII, but that doesn't necessarily stop it being delayed until the end of the year.

    We wait and we wait and we shall see.

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  17. #9
    Senior Investor Offshore-Wealth.com's Avatar
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    Default HOW CLOSE is IRAQI DINAR to REVALUE to FORMER VALUE

    Interesting,

    The best part of these current issues remaining before the restoration is they are at least being actively discussed, and as for chapter VII, this was not the case before a few months ago, so this is progress, just slow as usual.

    Look at the bright side, we know there are only two remaining supposed obstacles in the way, and as we now know, with an additional oil find in Kurdistan, this is the kind of news I have always been most interested in given it all comes down to one thing, the country with the largest oil reserves wins.

    All of the sectarian fighting has been in place for centuries, and it is inbred, this will never change, but going forward, there is nothing that will stop the fact that Iraq will be the wealthiest country in the region, and certainly more wealthy than the U.S. given our trillions in debt and total banking collapse bringing down the economy to levels never thought possible a few years ago.

    As I have ofter thought, U.S. bailed out Kuwait and at least we know they still hold that over them, so I would hope the remaining issue of what Iraq still owes Kuwait is resolved, and this is being discussed, this we know, and I suspect U.S. is so desperate for Iraq to get past this remaining debt obligation that they are pushing Kuwait to agree to a less amount and be done with it. If this holdup is ended, that is one more piece of the puzzle completed.

    With the oil law held up for over a year, and this new reserve confirmed in Kurdistan, and knowing several more are about to be announced, this is going to push the approval of oil law now that the Kurds have even more proven reserves in their own backyard which wasn't the case before, so personally, I think we will see the oil law go through finally. Barstani now feels comfortable with his own territory reserves, so he is less concerned with fair share issues than he was a month ago, so both of these issues holding up restoration are certainly nearing, so we have to be thankful for this as I see it.

    It has been a long time coming, but think about it, there are no more excuses to hold up this event. When we go back and evaluate every painfully slow decision, we have to be seeing the light at the end of the tunnel by now, and as I see it, we are. Can you even imagine a country with the largest oil reserves in the world having a worthless currency. Can't happen, never could, and this is why I have been involved since start, you cannot ignore a country with trillions of dollars in oil reserves, even if they can only pump currently a coupl million a day, the fact remains that this issue can be resolved quickly once oil law is passed. There are dozens of major companies already working in Kurdistan region, and dozens more lined up once oil law is done, and this will double output in less than a year is what I am hearing. With oil prices edging up again, and given the fact the sweet crude found in Iraq, all shallow well reserves, nothing is better in the oil industry than this, so this adds to the bottom line of Iraq, so don't worry gang, it is going to happen, and soon.

    Success to all, Mike

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    Mike, good to hear from ya. Wow, positive post. may it be from your mouth to God's ear my friend. Way to long, but then we really knew it would take years to happen if ever. Thanks again for an inciteful and positive post..

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