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    Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

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    goodyboy
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    Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

    Post  goodyboy on Wed 26 Feb 2014, 16:43

    ...  What a Face 
    may be old news by now...

    Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser
    2/26/2014

    Baghdad, Washington / An Iraqi diplomat in Washington revealed that the U.S. administration strongly rejects Iraq's decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI.

    The Iraqi diplomat said that "the United States is the primary beneficiary of the auction currency in Iraq, and the survival of the purchasing power of the Iraqi dinar is weak, compared to the price of currencies in the region, especially the poor ones, which are suffering from economic problems large like Egypt." And showed that "the Iraqi currency, have been added zeros at the time of the former regime, and now is no longer an existential value, but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. "...

    The specialists in economic affairs confirmed that the government's approval of a bill to reset the currency will reduce the size of the money supply and restore confidence globally, to the presence of oil as an asset added to the balance of gold in the international banks, according to the Finance Committee representative to reset the local currency will contribute to the restoration of the Iraqi dinar to its strength, including approximately previous worth purchasing and which was more than three times the U.S. dollar, and declined by the imposition of Chapter VII sanctions.

    http://translate.googleusercontent.c...1Ub0joHDtuJK4w


    Last edited by goodyboy on Wed 26 Feb 2014, 16:58; edited 2 times in total
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    Re: Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

    Post  goodyboy on Wed 26 Feb 2014, 16:43

    from the Arabic translator...  What a Face 

    "Interesting article for sure! In the Arabic version the diplomat and the author of the article are not mentioned. The article makes sense because the U.S interferes in the affairs of other countries if its interests warrant that interference; the thing I don't get is how does the U.S or the major oil companies benefit from a weak or strong dinar! They get paid in dollars anyway. It only makes sense if the U.S is appeasing the major Sunni regional powers such as Saudi Arabia, who considers Shiite ruled Iraq as bias to its arch enemy in the area, Iran. The Sunni countries want to keep Iran and to an extent Iraq weak.. Let's see if other articles surface in that sense; I'll keep a watch to see if any Iraqi politicians comment on the article."

    from Kirk Sowell, Iraqi political risk analyst...  What a Face 
    http://about.me/kirksowell/
    http://www.uticensis.com
    https://www.facebook.com/kirk.sowell.1?fref=ts

    "The comments by this anonymous Iraqi diplo in DC sound pretty absurd to me. Iraq makes up a tiny portion of the world's use of the dollar, and the strengthening of the dinar would if anything help the US since it would increase US exports to Iraq. But frankly I think this has very little direct impact on the US either way. And the idea that US diplomats are somehow opposed to this, I find that unlikely, and even if that were true, I don't see why it would matter. It takes enormous efforts by US officials to have even any impact on Maliki's behavior."
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    Re: Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

    Post  goodyboy on Wed 26 Feb 2014, 16:45

    ...  What a Face 
    more opinion from Enorrste...

    I agree with Kirk primarily. However, let's look at this again:

    article quote:  "the U.S. administration strongly rejects Iraq's decision Ptsfir currency, or stop the daily auction of foreign currency, which is organized by the CBI."

    I don't see anything here about the US objecting to raising the value of the dinar. What they object to is the stopping of the auctioning of foreign currency. The diplomat may not be aware that the CBI didn't just stop the auctions: what they did was move them to private banks, right? Therefore the guy is simply uninformed.
    The remainder of the article talks about the weakness of the dinar in the world market and the fact that this needs to be remedied.

    The only other mention of America is this:

    article quote:  "but the Americans are blocking efforts to zeroing damaged their economy and their companies from that. "

    What the hell does that mean?  How do we understand "blocking efforts to zeroing"? And whose economy and companies are damaged from "that", which presumably is the "zeroing"? It seems clear that the economy and companies damaged are in Iraq, not in America. Therefore, the Iraqi economy and companies were damaged when the US forced the devaluation of the dinar, adding the zeros. It follows, then that the statement is saying that the Americans, in "blocking efforts to zeroing" are trying to RAISE the value of the dinar rather than keep it low. In other words, the US is in favor of removing the zeros and are BLOCKING those who are exerting "efforts to [continue] zeroing.

    Thus the US is on our side and want the removal of the zeros to proceed, but not at the expense of the auctions themselves. As Kirk stated, the US has nothing to gain by a weak dinar but has a lot to gain with a stronger dinar, which the remainder of the article deals with.
    I would add the following to my comments above:

    The fact that there is no direct attribution to a specific individual or individuals makes this very suspicious to me.  Who is this "Iraqi diplomat?"  And which "US Administration" could be referred to?  The problem here is that an Iraqi diplomat has absolutely no say in the matter of foreign currency policy.  This is the purview of the CBI only, as we have seen earlier.  No mention is even made of a GOI representative having an opinion, which would certainly be more reasonable than an "Iraqi diplomat."  Therefore, I am left feeling that this is nothing but an opinion piece without proper attribution to a reputable source.

    Having said that, however, we also have to realize that the US has nothing to gain with a weak dinar and everything to gain with a strong one.  Furthermore, it is not like the US to "dribble" out a statement on another country's currency policy.  That just isn't done (well, there is the exception of China, which the US is really upset about and says so!).  But it isn't like the US to even HAVE a view on most other country's currency policies.  And when they DO have one, they are quite direct about it, as they have been with China, and the comments come from a Secretary in the Cabinet.

    Therefore, I give this piece little or no weight at all in the discussion at hand.  Without proper attribution it is a puff piece.  Furthermore, unless it is understood as I just noted in my last post, it makes no sense at all, since the US created the mess in Iraq by reducing the dinar value and is on record as approving the "plan" for several years now, to raise its value.  Since they aren't "in" Iraq anymore, they really have nothing to say about the matter, and it certainly runs against the grain for them to change opinion 8 years into the "plan."  

    Therefore, I conclude that a poor translation gives the impression that "someone" in the US is against the removal of the zeros project when in FACT what is being reported is that "someone" doesn't want the auctions to go away.  The value of the dinar isn't directly mentioned with respect to an American position except in that cryptic comment "blocking efforts to zeroing".  But it is the "zeroing" that damaged the economy of Iraq, so IF America was trying to block anything, it would be to STOP those who want to continue with a weak dinar rather than let it float.

    ...and in response to the "dribble"...there is no GCR and no NESARA and there is no conspiracy.  The dollar floats and has done so for almost 40 years now.  That is why its value is 95% LESS than it was in 1913 when the Fed was created.  Do yourself a favor and ignore philosophyofmetrics.com.  A simple google search of GCR will assure you that it is NOT a part of any IMF strategy.
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    Re: Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

    Post  goodyboy on Wed 26 Feb 2014, 16:53

    ...  What a Face 
    not my too sense, but I agree...
    "...the common point made by both Kirk and the Arabic translator is that no diplomat or authors name is mentioned in the article...the problem with this kind of article is the conspiracy theorists are going to go nuts with it..........."
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    Re: Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

    Post  butterfly on Wed 26 Feb 2014, 17:17

    This makes absolutely no sense at all:

    Washington refuses to reset the dinar

    It is up to Iraq......not Washington.
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    Re: Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

    Post  goodyboy on Wed 26 Feb 2014, 20:53

    from the iBeach...  What a Face 
    ...my too sense while getting back to basics...  


    1) Yes, the conspiracy theorists are already having a hey day with this...LOL, laughing is crucial and necessary
    2) Stable Iraqi GOI and continued establishment of a secure and functional economic infrastructure capable of handling the initial rise and continued rise in the value of the IQD...crucial and necessary
    3) Iraqi Parliament passing key critical and decisive laws that will provide the infrastructure to sustain and maintain a rise in the value of the IQD...crucial and necessary
    4) Ignoring the daily dinarian drama and keeping your eye on the CBI and ISX...crucial and necessary
    5) This article will eventually be an anomaly and of minimal residual consequence...and probably not crucial and necessary
    6) Stay lit...crucial and necessary

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    Re: Iraqi diplomat: Washington refuses to reset the dinar and its biggest loser...

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