Iraqi Dinars Promising Future in 2009
No doubt that Iraqs economy has been significantly improving on a very rapid pace of late. At this rate soon the world will witness a literal boom that could make the country one of richest in the Middle East.
“I believe Iraq could not only be one of the wealthiest countries in
the region, but one of the wealthiest countries in the world if we
can just work things out.”, says Hillary Clinton while visiting Iraq
in April 2009.
After being economically-crippled during the dark era of late
President Saddam Hussein, Iraqis are now on the road of recovery from the chronic recession they suffered from for more than a couple of decades.
It’s no secret that the Government of the United States is keeping an
eye on the rich petrol stockpiles in Iraq. Is that the real reason
behind the third Gulf War? Not to seize weapons of mass destruction and fight terrorism as naively alleged? However, getting rid of Hussein, who was executed on 30 December 2006, and reshuffling the ministerial team have surely paid dividends for the Iraqi natives.
Thanks to a different, yet controversial, environment, the war-plagued
Iraq has become the preferable destination of so many international
investors from all around the globe. The promising initiatives of the
European businessmen and Entrepreneurs have breathed life into Iraqs economic status. Without the need for travel to Iraq for most
investment opportunities as well.
Many pundits believe that it’s only a matter of time till Iraq turns
into a sophisticated prosperous country, and the people’s poor life
standards will be drastically enhanced. The revolution results are
already tangible, and yet, the forthcoming few years will definitely
see Iraq enjoy more progress and development as the pace of
independent control keeps steady.
independent control keeps steady.
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This article may be reprinted online and offline
as long as this box remains and its link is
hyperlinked online. Written by Darren Chabluk
for http://DrDinar.com/blog
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I agree it is only a matter of time of time before Irag booms. Make no mistake about it! Great article!
Sounds very promising. Iraqis (mostly women, chilldren and the elderly) have suffered for so long it is high time something positive happens in that country. Of course people with the new dinars would be very happy also.
Great article, sounds great. But what does this exactly mean for the dinar money we purchased almost 2 years ago, “the new dinar”?
Thank you for keep us inform on whats going on with our Iraqgy Dinar.
We can’t wait for this money to increase in value.
Please do you know what the value of the Dinar in Iraq is today.
CC here DARREN keep up the good work!!! I was thinking of buying another million IRAQ DINARS any ideas where ??? THANKS C.C.
I could only recemmend dealers I personally trust such as http://www.DinarTrade.com to answer CC.
When the term ‘new dinars’ is mentioned, that is referring to the post Saddam era notes. The ones you currently own. They are ‘new’ dinars.
Darren:
Always great to receive your info….Everything sounds sooo encouraging. Still can’t really know the WHEN…Just hope it’s soon..
God Bless Iraq
It is good to hear the news and be kept in the loop. Having conversion information would be nice also.
Hi Darren,
Many thanks for your excellent updates on our Iraqi Dinar investments. It would give us great peace of mind to know that these are still ‘New Dinars’ and have not been made valueless by a later currency issue. Would you mind sending us a quick yes or no? Thanks again, Jim Tower in Australia.
The only way for the currency to become valueless is if the Gov’t of Iraq is overthrown. That is the only way. The currency is here to stay.
Keep the info coming, it is very encouraging!! Be so glad when we can get an idea when the dinars will revalue!!
Iraq Finance Minister made it cear, at an open door meeting 6/06, to the Chairman of the Central Bank, that Iraq should peg the ID (Iraq Dinar) to the US Dollar. I have been here for 5+ years and know many Americans, Military and Contractors working this mission. All of them that I know of have a lot of ID and would leave as quickly as possible it Iraq had it’s way and was allowed to back their currence.
It has been a long time coming. Hopefully our investment in the Dinar will pay off in the next few years. Currently $1 US to 1,158.55 at todays exchange rate.
Also anyone have any idea on where we can exchange Dinar for Dollars when the time comes?
I have been waiting patiently a long time for this and things are a great big struggle for me and all around me. I really wish for this happen soon as each day it feels like things are getting worse and worse . Especially with the Economy sinking and the dollar not lasting being as strong.
I am victim of Sept 11,2001 and one thing I will do when this happens is to make a donation of money to the World Trade Victims fund . It will give me great pleasure to do that as I was born and raised in New York.
Thanks
Native New Yorker
I love Iraq,I love this blog,I love you all. PEACE
NESARA .. is comming soon .. I hope and pray!
God Bless the U.S. of A
Soon….we will be rich…hopefully in 2009!
Has anybody heard that our military are exchanging USD to Iraq Dinar for use in Iraq and that USD will no longer be use inIraq for Purchases of goods.. How about the one that say Iraq Bank are issueing Credit Cards for iraqis’ use in Iraq.
Darren, with all this talk on the “new” dinars, what about the dinars purchased before Saddam Hussein? Are they not still good? They will also increase in value, won’t they? Please explain. Thanks so much.
What all Iraqis need is an injection of new blood to rule the nation, successfully. Sceptics believe Iraq would never ever recover her economy for decades but Insha-Allah, governments from all well-developed countries must unite as one family belonging to Adam and Eve to help protect one another regardless of race, language, status and religion. The revaluation of Iraqi Dinars must be good because this is the way to enable all poor and needy Iraqis to live better lives again without struggling with pain further more. Now that Saddam Hussein and all his most-trusted men are dead, we all mustn’t still live in the past believing Iraq remains the same which will never improve at all. If God doesn’t condemn Iraq, who are we to condemn Iraq as hopeless? By improving Iraq’s economy is to improve the economy of the whole world because chain reaction of everything is always the case. I personally believe terrorists mightn’t sabotage the revaluation of Iraqi Dinars as they might need to increase their revenues as well through such a lucrative idea to buy raw materials to make bombs to murder more innocent people in the streets. Their crazy ideas are like one small drop of water in the large ocean that cannot threaten our world’s economies.
The saying United we stand Divided we fall is not a lie. To break one chopstick is easy but if a bundle of more chopsticks is held together as one, it is difficult to break at all. Are we inspired by this?
As of 15 October 2009, the earth’s population is estimated by the United States Census Bureau to be 6.791 billions. Terrorists can keep murdering us but the show must go on, don’t they know?
I couldn’t do alone to convey the message to the opposition parties of Iraq that if they want to win more votes from the people of Iraq somewhere in 2010 to increase their seats in the parliament, they must promise them (by God’s Permission) about the revaluation of Iraqi Dinars at an excellent rate first to enable the poor and the needy Muslims inside Iraq to improve their living standards and buying power asap. New Iraq government must do it this way without further procrastination against the revaluation of Iraqi Dinars like what PM Maliki like to procrastinate for some years because the government mustn’t keep withdrawing money to help their Iraqis without any financial return at all and her debts had kept and will keep piling up without a full stop right there.
The future many negative repercussions like the emergence of civil wars, corruption, criminal activities of pirates and bandits, drug syndicates, prostitution and all that you can name them may happen without any control if procrastination keeps on till next generations of Iraqis. Greater pressures on natural resources will increase as Iraq may face a population explosion in the near future. Because most Muslim families in Iraq would love to have more children suggested by the rule of Sunnah. Is Iraq government prepared for such a contingency? Only revaluation of Iraqi Dinars should enrich all Iraqis asap. By this, the pain of poverty decreases in order to welcome the joy of future progeny next. If procrastination continues due to corruption caused by unscrupulous governors, ombudsmen and bureaucrats, Iraq suffers!
Does PM Maliki of Iraq himself involve in corruption so much so that the revaluation of Iraqi Dinars has been delayed for some years by now? I personally feel his procrastination is fishy to me. ‘The saying Don’t judge the book by its cover is an absolute truth. I don’t trust him at all!
My mentor once used to tell me this:
Rather than competition bringing down corruption, corruption is often allowed to prevent competition. Apart from the general moral and ethical arguments about bribery and dishonesty and the effect they can have in undermining general respect for the rule of law, corruption is generally bad for efficiency. It leads to decisions made by bureaucrats on the basis of what is good for them, not good for the economy.
Let us hope PM Maliki of Iraq is not a corrupted person as described by the Qu’ran as well. The future leader of the whole world Imam Mahdi is an honest person who will not, I believe, hold up revaluation of Iraqi Dinars like him for whatever reasons to prolong the sufferings of the poorer Iraqis around Iraq. Continuous corruption in the government can prevent the speed of revalution plan becuase some great guys inside might be pocketing more US Dollars for their own benefits, not for their economy. Qu’ran keeps warning us about the many hidden corruption occurring in the departments of governments everywhere in our space age and I am one of the persons who can see the invisible colours of their true faces. It’s okay to tell you because it’s an email you won’t know who am I. I am gifted by God. Insha-Allah! and Alhamdulillah!
We all, not I alone in this blog, must convey the message asap to the government of Iraq and her opposition parties before the next polling day may occur early next year. Iraq is a more civilised country right now after the fall of Saddam Hussein and she deserves to get her Iraqi Dinars revalued at an excellent rate to rebuild her economy asap in a fair way like what Kuwait has received.
Singapore is a small dot in the world map and if she could be so financially successful in businesses with stabilised economy without any mineral resources at all, could Iraq’s future economy be better off in a shorter period of time if she has so many mineral resources given by God under the ground ready to be shared with the whole world? If Singapore can do it, Iraq can do it as well!
China has just opened her gateway to business opportunities worldwide not long ago, perhaps somewhere around 1997. If China can do it, Iraq can do it as well! Why must the naysayers still live in the past and imagine the shadow of Saddam Hussein, even after his demise, is lingering on in Iraq. It is wrong to keep imagining Iraq is a villain while Kuwait is a hero.
Let us not only pray, just do it to speed up the revaluation of Iraqi Dinars by letting the whole world knows we have nothing to lose at all.
Iraq is no more Saddam Hussein’s precious house because he is in the grave. In actual fact, it belongs to the whole world at large. Allah is the Lord of the Worlds but He entrusts certain people to be in certain lands to rule for Him. As in Qu’ranic Chapter 30 Verse 22, He has excellent reasons to create languages and colours… (of His intelligent creatures, regardless of race, language, status and religion to live and die in any land as He wishes, neither overly fat wishes of “Jihadists” nor “Slovenians”). In Qu’ranic Chapter 31 Verse 34, we all won’t know we may migrate to a foreign land in future to live and die right overthere as He wishes.
The word “Insha-Allah!” means “By Permission of God” is already written in the Bible under The New Testament of James Chapter 4 Verses 13 to 17 to warn all Believers and Christians alike not to promise what we couldn’t deliver because we’d never know we might die before the sun rises tomorrow.
Qu’ranic Chapter 4 Verse 29 clearly states that Believers mustn’t commit suicide and Chapter 4 Verse 92 killing innocent people in the streets or elsewhere is simply reckless murder in the first decree.
Every year since 9/11, Allah(swt) has converted numerous thousands of non-Muslim people in the United States, Germany and United Kingdom alone despite 9/11. The terrorism of “Jihadists” is likened to a small drop of plain water in the vast ocean. If the suicide bombers are replaceable, so do anti-terrorists like us who believe in peaceful living. If America is marked as Satan, it is wrong to curse the land Allah(swt) has created. We can curse the injustice of a corrupted person but definitely, not his soul. But we can curse Satan and his soul for sure! How do we know all past, present and future American presidents are Satans? We don’t see any horns like cows growing on their heads. As Sunnis, we believe in The Second Coming of Jesus Christ together with Imam Mahdi (the future ruler of the whole world to welcome Jesus or Isa personally).
As Chris Angel and David Copperfield can do magical wonders, our Muslim saints can do much better than them. We are not told by these Muslim saints that such “Jihadists” are right in murdering innocent people anywhere. The blind leading the blind is a true saying targetted at the “Jihadists”. It is a great insult to Islam! Please do understand the meaning of Islam is Peace. Islam is not Terrorism at all. Do not possess the tunnel vision of a frog in a well and misunderstand Islam for whole life. We do not support terrorism.
Here, let us talk about why revaluation of Iraqi Dinars is highly possible. Please take note:
Latest news on: The Unique Situation of the Iraqi Dinar
A backgrounder on the Iraqi dinar, including details on why the Iraqi dinar is positioned for a huge rise in value.
The Iraq Dinar is set up in a very simple, almost crude fashion. The set up was a quick fix after the invasion, seeing that the banking sector in Iraq was about as developed as a model T. Without a modern bank system in place, the “crude and simple” was chosen as a workable interim model.
A Brief History of the Dinar
With Saddam’s face plastered all over it, the old dinar had to go. The Saddam dinar also was of very low quality, and could be easily forged on a simple copy machine.
After the invasion, new bills were immediately ordered, but due to the enormous amount needed, some of the old Saddam dinars continued to be printed and circulated until the new ones arrived.
The new dinar bills started to arrive, and they brought with them all the modern safety features one would expect. A wide spread of denominations was chosen, both to make the daily handling easier, and to cover for value variations in it’s exchange. Finally, a reasonable time period was granted in order to allow the citizens of Iraq to swap the old Saddam, and “Swiss” dinar in.
The Central Bank of Iraq (CBI)
The Central Bank of Iraq (CBI) was set up as an auction system, with the CBI sitting on the newly printed currency, auctioning older outdated dinars and other foreign currencies with Iraqi banks for new dinars. Now that the currency exchange has been completed, the CBI also sends nearly half of it’s daily auction of dinars to foreign banks in Kuwait, Jordan and beyond.
If you go to the CBI official website you will see the daily auction, the currency is now primarily sold in exchange for US dollars. The CBI is slowly but surely acquiring US dollars to help back the worth of the dinar. Everyday the amount of dollars in it’s vaults increases.
The exact number of dinars in print, in circulation or on hold at the CBI is exactly known. By doing some very simple steps, full control is achieved through:
1. Limit the amount a person can bring with him if he is leaving Iraq, to a very small amount (in this case, 100,000 dinar);
2. Knowing the exact amount sold to banks outside of Iraq.
Once you know the amount of dinars out there, viola, you have complete control over it’s fate. The CBI simply sells more or less to hold the dinar in a position exactly where they want it to be.
Given this situation, the dinar will not strictly be pegged. It has been called ‘pegged’ by some, but in reality you will have some small fluctuations on the dinar value, which you have likely noticed if you have followed it over time. These fluctuations are a balancing act by the CBI.
Simply put, truly pegged currencies don’t move from the currency it is pegged to.
This is the basic Iraqi dinar system. Now some may already be asking, that if the Dinar is endlessly sold, wouldn’t it flood the market, making them worthless? No, because you have exchanged your US dollars for your dinar, which helps to back the dinar through the above explained CBI mechanism.
Now, this is a very temporary system. Interested readers will of course note that any currency that is not free flowing is a hindrance to full economic development. This fall, new Iraq investment laws are suppose to be passed by the elected Iraqi parliament, allowing international investment companies (read: Big Oil) to invest.
At this very moment, oil company survey and geological teams are crisscrossing the desert, testing grounds, staking claims and hopefully not giving each other a black eye. Again, this is not Iraq government, US government, US Government contractors, US armed forces, etc. running around, this is oil companies. The future mega investment in Iraq which will help drive the economy forward.
A Question of Priorities
Some may ask if we shouldn’t take care of the violence first. If Joe Everyman is building a house, is it relevant that his young children are fighting? The short answer is that ‘Big Oil’ is operating in many areas of the world where violence is the norm, not the exception.
By last June it was announced that no more printing of the dinar is necessary, meaning that we are most probably in the end part of the ‘first stage’, and are ready for the dinar revaluation. It would be an suicidal economically to leave the dinar in it’s current low range, and let the oil companies come in ‘on the cheap’. The dinar MUST have a much higher value at that time, otherwise Iraqi will be sold off for literally pennies, or dinars, on the dollar.
While the exact arrangement of the investment law is not yet settled, deals have already been made in how the oil revenue will be shared amongst the different regions and groups in Iraq. So things are moving forward.
It is not yet known if the revaluing of the dinar will be an overnight thing, with no previous announcements, or if it will be a gradual increase as necessary. It should be pointed out that the value of many oilfields in Iraq is also not fully known, because actual modern geological surveys have not been done for decades, if at all, but even with this lack of recent study, the known reserve in the ground rivals that of Saudi Arabia. It is hoped that in the next decade, Iraq will achieve the same oil output as its southern neighbor. Nobody can deny that the potential is there.
From the time the pumps start working, Iraqi society will start getting more and more benefits from the oil revenue. The finances will be available for roads, schools, the electric grid, social programs, new equipment, better computers, etc. These oil-funded infrastructure improvements will help drive manufacturing, and in turn, generate more jobs. Social unrest is handled with police and justice, but it must also be handled with economics. A prosperous nation is a happy nation.
Finally, Iraq has been blessed with something very few Arab countries have. Water. The agricultural heartland of Iraq have one of the highest potentials of big development. With proper development, it could be the Iraqi equivalent of the orchards and fields of California’s central valley. This development and the potential of it will only strengthen the dinar now and in the future.
Exciting Times, a Positive Direction
For the dinar, these are exciting times, but even more interesting when it comes to investing in the Iraq stock exchange, because as the oil revenue will start making things possible in Iraq, the opportunities to be in on the ground floor on different investment start ups, will increase. Knowing this is a nation destined for great wealth it makes it even more exciting.
Saudi Arabia, Dubai, the Arab Emirates and Kuwait; are they rich and prosperous states? Of course they are. Why are they wealthy? Oil. Oil is money. Iraq is practically floating on oil. When do the oil companies want to start pumping? … Yesterday.
Will Iraq continue to be a poor nation? Will the dinar continue to be at it’s all time low?
**END ARTICLE**
Source: ISX Data Services.
Why Purchase the New Iraqi Dinar
A successful Iraq will bring it’s currency Iraqi dinar from historic lows to an internationally recognized currency with world value.
New Iraqi Dinar has advanced 25% since the end of major combat operations.
The value of the new Iraqi Dinar, which had slipped to between 3500 and 4000 against the US dollar before April, 2003, advanced to 1,500 new iraqi Dinar to the dollar following the end of major combat operations in July, 2003.
The United States has pledged over $18 Billion, military and civilian support, debt relief and economic ties that will give Iraq the capability to develop its potential as a $70 billion a year economy, one of the largest in the region.
Iraq’s oil reserves over $10 trillion.
A vibrant country with a highly educated population of just over 22 million people, Iraq possesses oil reserves of over $10 trillion at the current market value.
Released from the repressive regime of Saddam Hussein, Iraq has the potential to become a $70 billion dollar a year economy, with one of the largest oil and gas reserves in the world, second only to Saudi Arabia.
Major industrial nations from around the world are in Iraq.
Major industrial nations from around the world are present in Iraq, either as military or civilian support, to assist Iraq in its desire to establish a safe, secure and economically sound country.
Trillions of dollars have already been pledged for repair and restoration. Reconstruction of the infrastructure including power, water, road and highways, IT and phone systems, and health and human services, has already begun.
Iraq making all the right moves.
Regional agreements.
Iraq is quickly establishing beneficial relationships in an effort to export its oil and gas reserves through already established pipelines in its neighboring countries.
Monetary system of Iraq.
The monetary system established by the new government encourages foreign investment, a key to develop a strong economy.
Central bank of Iraq.(CBI)
The Central Bank of Iraq is an independent agency, not affected by the political parties of the many factions in Iraq.
Iraq Stock exchange market.
A new iraqi stock market opened recently with over with record trading volumes pushing iraqi stock prices drastically upwards for the 27 firms listed, with over 2 billion shares changing hands in only 6 trading sessions.
Iraq Bond market.
The central bank of Iraq offered its first treasury bonds on July 18th, with broad participation of the private commercial banks of Iraq.
Iraq Real estate market.
Real estate in Iraq is booming, largely because of the severely depressed prices due to the restrictive policies of the old regime. With money flowing into Iraq, citizens are now buying houses in neighborhoods generally reserved for government officials.
Iraq Oil production.
With the new government firmly in place, the reconstruction of the infrastructure including rebuilding many of the major oil fields is steadily going forward. Iraq has signed tentative agreements with international oil companies to exploit its vast oil reserves.
Hope going forward.
It is hoped that within 1 to 2 years the oils fields will be producing sufficient oil to build a foundation for revenue and within 5 to 10 years Iraq will return to its place in the world economically, socially and politically.
Do not let the sceptics or the naysayers scare all of you into avoiding such a great opportunity rarely comes once in a blue moon. However, just invest what we can afford to lose which is unlikely if we are patient enough to wait.
Iraq can prospers as well. Iraq doesn’t belong to Saddam Hussein anymore. What is all the fuss about? Who says Iraq’s oil will not affect the revaluation of Iraqi Dinars positively? As long as Iraq is not a communist country and as long as Iraq agrees to abide by the rules of democracy (Democracy was first encouraged by Prophet Muhammad(saw) if we go into Islamic History deeper – it wasn’t started by President of the United States of America Mr Abraham Lincoln but he encouraged democracy as well). The ancient Greek philosophers who contributed to the development of Athenian democracy were Solon (594 BC), Cleisthenes (509 BC) and Ephialtes (462 BC). How did Prophet Muhammad(saw) copy their philosophies when he didn’t know how to read the book of his own mother-tongue at all, not to mention the languages of the Greeks? He knew how to read and write Arabic words fluently within a short period of time when Arch-Angel Jibrael(as) or Gabriel came to teach him, no human teacher taught him that fast.
As long as Iraq is legally declared as a democratic country by the whole world, it is fair to revalue her currency like every other democratic country enjoys.
Please rethink carefully before you may become the loser.
I have cc to other world key bodies to support you, sir!
I would like to know what have you to suggest to improve all my key points
here? My second reason for emailing all important world key bodies is to
hope everyone here is an extra helping hand and not a yes-man to the blind
like ex-president Bush who led the blind to the gutter of failures and
more failures badly affecting the global market altogether. Appointing
any political leader who doesn’t read newspaper everyday to update himself
is likened to allow a qualified butcher to lead a team of qualified
surgeons to operate on their patients. My contribution of suggestions is
not just about enriching myself, you all or the Iraqis. I have fear
because of the Devine Voice I have received last month and I daren’t say I
am qualified to receive such a message to warn all of you who are
appointed to guard the world economy. But however, we need to carefully
focus on one important popular proverb in the past generations of the
British I still love so much: When we have gold, we are in fear: when we
have none, we are in danger. Please do revalue Iraqi Dinars at an
excellent rate soonest possible to save us all from future further more
economic downturns which could be unintentionally caused by the “Iraqi
Business Invasion” in the west first. The concept of cheap skilled labors
is likened to a dirty person jumping into a clean swimming pool filled
with considerate swimmers around. Every country wants cheap skilled
labors but it is not right to do it at the expense of a hand-to-mouth
existence in their own country. I was also a victim of redundancy and
retrenchment. Therefore, I do empathize with all other victims of the
same. Please share and understand the need not to keep procrastinating
for any changes to improve global economy. We must remain in one mind
showing solidarity.
Another email to the US President on Saturday 24 October 2009:
Dear US President Barack Obama,
Sir, I would like to stress more important points of revaluing the Iraqi
Dinars at an excellent rate asap right here in the letter of my appeal to
give the voice of American pragmatism in support of revaluation plan an
added weight of truth. It is not just about protecting the Kuwait’s
economic power alone despite the fact the fast-growing oil business in
Iraq will definitely affect Kuwait’s oil business in a bad position sooner
or later because of the vast differences in oil prices. It is more about
what a new Iraq can be – the possibility of Iraq becoming a future copycat
of China’s economic power is what we most worry next. As a matter of
fact, China was then secretly learning the tricks of India’s economic
power in the past, of which many didn’t actually realize. Fancy that the
fools have rushed in where angels feared to tread. Those daring fools are
now filthy-rich in China and some have migrated elsewhere to do business.
Allow me to contribute an excerpt from a good book written by two
qualified business experts Wee Chow Hou and Lan Luh Luh on “THE 36
STRATEGIES OF THE CHINESE”. It is an inspiration so comprehensible to any
layman, as follows:
Without doubt, China is becoming a stronger economic power by the day.
The Asian economic crisis which precipitated in 1997 clearly demonstrated
the increasing influence of the Chinese on world economy and politics.
That China will emerge as a powerful economy in the twenty-first
century is no longer a question for forecasters. It is now a reality.
Thus, it is imperative that we learn to better understand the Chinese
psyche, especially in the realm of business.
Despite its modernization and entry into the free market economy,
China’s five thousand years of history, culture and value systems still
dominate the way Chinese think and behave. Confucian ethics, Taoist
influences and other ancient Chinese classics still form valid reference
points for understanding Chinese behaviour.
Well-known Chinese classics have often been cited as important driving
forces in the minds of Chinese strategists. Sun Zi’s Art of War, the
annals of the Three Kingdoms, Water Margin, and several other Chinese
military classics are good examples. Indeed Chinese war strategies have
become topics of research, especially in their application to business.
This is not surprising, considering the fact that the Chinese have a
saying that the business world is like a battlefield.
The “Thirty-six Strategies” are well-known to the Chinese and are
frequently applied in business practices. No one can pinpoint the exact
period in which the thirty-six strategies were written, nor the exact
combinations of strategies that constitute the thirty-six. However,
through the years, scholars have expediently adopted the thirty-six
strategies as a set of common tactics used by the Chinese.
Though widely known and applied by the Chinese, these “Thirty-six
Strategies” are less familiar to others. Even less-known are their strong
applicability to business. This book attempts to bridge this gap of
understanding between the East and other cultures of the world. It seeks
to provide a timely insight into the mind of the Chinese strategist.
In business, China may be extraordinarily shrewd but Iraq is definitely
not that stupid either. An appropriate fast action is needed to fix the
Iraqi Dinar at an excellent rate is not just to avoid destroying Kuwait’s
stabilized economy in the near future as well – that I must remind you
once more – but as a justifiable reason to prevent Iraq from emerging as a
“Second Chinese Business Invasion” possibly first attacking the west in
the next round of more business wars very soon. It is the same
supposition of many experienced business planners with remarkable
foresight, of whom I have met and learned for years. We must save all
business giants like Maersk from sinking slowly into the seas of failures
without further delay. I was retrenched by Maersk not long ago due to
redundancies in Singapore badly affected by the ongoing “Chinese Business
Invasion”, perhaps.
Sir, I have sincerely contributed such a constructive suggestion because I
hope everyone is in the win-win situation enjoying the same equal
democratic rights to have a legal job to support their family for a long
time, if health permits. Be very inspired: Weak things united become
strong. In Strategy 3 among the “Thirty-six Strategies”: Killing with a
borrowed knife, many shrewd Chinese big players in Asia, particularly in
China, may often apply this strategy for a temporary solution but please
be wary of such expedient to help prevent endangering the economy of
the United States of America with all unproven and incompetent economic
policies because many Asians still depend on her economic strength for
survival. Do not allow any country to use other country to destroy your
country, sir!
That’s all!
Sincerely,
A concerned retrenched Singaporean with sanity
I have cc to other world key bodies to support you, sir!
I would like to know what have you to suggest to improve all my key points here? My second reason for emailing all important world key bodies is to hope everyone here is an extra helping hand and not a yes-man to the blind like ex-president Bush who led the blind to the gutter of failures and more failures badly affecting the global market altogether. Appointing any political leader who doesn’t read newspaper everyday to update himself is likened to allow a qualified butcher to lead a team of qualified surgeons to operate on their patients. My contribution of suggestions is not just about enriching myself, you all or the Iraqis. I have fear because of the Devine Voice I have received last month and I daren’t say I am qualified to receive such a message to warn all of you who are appointed to guard the world economy. But however, we need to carefully focus on one important popular proverb in the past generations of the British I still love so much: When we have gold, we are in fear: when we have none, we are in danger. Please do revalue Iraqi Dinars at an excellent rate soonest possible to save us all from future further more economic downturns which could be unintentionally caused by the “Iraqi Business Invasion” in the west first. The concept of cheap skilled labors is likened to a dirty person jumping into a clean swimming pool filled with considerate swimmers around. Every country wants cheap skilled labors but it is not right to do it at the expense of a hand-to-mouth existence in their own country. I was also a victim of redundancy and retrenchment. Therefore, I do empathize with all other victims of the same. Please share and understand the need not to keep procrastinating for any changes to improve global economy. We must remain in one mind showing solidarity.
Another email to the US President on Saturday 24 October 2009:
Dear US President Barack Obama,
Sir, I would like to stress more important points of revaluing the Iraqi
Dinars at an excellent rate asap right here in the letter of my appeal to
give the voice of American pragmatism in support of revaluation plan an
added weight of truth. It is not just about protecting the Kuwait’s
economic power alone despite the fact the fast-growing oil business in
Iraq will definitely affect Kuwait’s oil business in a bad position sooner
or later because of the vast differences in oil prices. It is more about
what a new Iraq can be – the possibility of Iraq becoming a future copycat of China’s economic power is what we most worry next. As a matter of fact, China was then secretly learning the tricks of India’s economic power in the past, of which many didn’t actually realize. Fancy that the fools have rushed in where angels feared to tread. Those daring fools are now filthy-rich in China and some have migrated elsewhere to do business.
Allow me to contribute an excerpt from a good book written by two
qualified business experts Wee Chow Hou and Lan Luh Luh on “THE 36
STRATEGIES OF THE CHINESE”. It is an inspiration so comprehensible to any layman, as follows:
Without doubt, China is becoming a stronger economic power by the day. The Asian economic crisis which precipitated in 1997 clearly demonstrated the increasing influence of the Chinese on world economy and politics.
That China will emerge as a powerful economy in the twenty-first
century is no longer a question for forecasters. It is now a reality.
Thus, it is imperative that we learn to better understand the Chinese
psyche, especially in the realm of business.
Despite its modernization and entry into the free market economy,
China’s five thousand years of history, culture and value systems still
dominate the way Chinese think and behave. Confucian ethics, Taoist
influences and other ancient Chinese classics still form valid reference
points for understanding Chinese behaviour.
Well-known Chinese classics have often been cited as important driving forces in the minds of Chinese strategists. Sun Zi’s Art of War, the annals of the Three Kingdoms, Water Margin, and several other Chinese military classics are good examples. Indeed Chinese war strategies have become topics of research, especially in their application to business. This is not surprising, considering the fact that the Chinese have a saying that the business world is like a battlefield.
The “Thirty-six Strategies” are well-known to the Chinese and are
frequently applied in business practices. No one can pinpoint the exact
period in which the thirty-six strategies were written, nor the exact
combinations of strategies that constitute the thirty-six. However,
through the years, scholars have expediently adopted the thirty-six
strategies as a set of common tactics used by the Chinese.
Though widely known and applied by the Chinese, these “Thirty-six
Strategies” are less familiar to others. Even less-known are their strong
applicability to business. This book attempts to bridge this gap of
understanding between the East and other cultures of the world. It seeks to provide a timely insight into the mind of the Chinese strategist.
In business, China may be extraordinarily shrewd but Iraq is definitely
not that stupid either. An appropriate fast action is needed to fix the
Iraqi Dinar at an excellent rate is not just to avoid destroying Kuwait’s
stabilized economy in the near future as well – that I must remind you
once more – but as a justifiable reason to prevent Iraq from emerging as a “Second Chinese Business Invasion” possibly first attacking the west in
the next round of more business wars very soon. It is the same
supposition of many experienced business planners with remarkable
foresight, of whom I have met and learned for years. We must save all
business giants like Maersk from sinking slowly into the seas of failures
without further delay. I was retrenched by Maersk not long ago due to
redundancies in Singapore badly affected by the ongoing “Chinese Business Invasion”, perhaps.
Sir, I have sincerely contributed such a constructive suggestion because I hope everyone is in the win-win situation enjoying the same equal
democratic rights to have a legal job to support their family for a long
time, if health permits. Be very inspired: Weak things united become
strong. In Strategy 3 among the “Thirty-six Strategies”: Killing with a
borrowed knife, many shrewd Chinese big players in Asia, particularly in
China, may often apply this strategy for a temporary solution but please
be wary of such expedient to help prevent endangering the economy of the United States of America with all unproven and incompetent economic policies because many Asians still depend on her economic strength for survival. Do not allow any country to use other country to destroy your
country, sir!
That’s all!
Sincerely,
A concerned retrenched Singaporean with sanity
Why did your blog’s comment box cause my statement to split (if you notice right above here)?
I have emailed to many foreign key bodies to support Iraqi government and encourage them to revalue Iraqi currency for justifiable reasons. We mustn’t keep speculating nonsense for years with no result about it. Someone should advise them to fix the dinars asap. I personally did it as well. Let’s read what I wrote below:
My name is James and I believe in humanitarianism and human rights. I would like to email you as a kind of an anticipatory feedback with a hope that the Iraqi government can decide the best course of actions to take in a situation like rebuilding its economy. Before you download all the attached files to provide you a comprehensive guide of something very useful, it is necessary to read my email first to allow you to clearly see things in perspective and from all angles as to why revaluation or reinstatement of the new Iraqi Dinars is so important as an alternative to regain a better buying power for both the working population in the private and government sectors equally fair.
Not long ago, US President Barack Obama persuaded China to revalue its RMB currency again to improve the weakened US economy but China is still reluctant to revalue it for its own numerous justifiable reasons. Whilst China can afford not to revalue its undervalued RMB currency, Iraq cannot afford to do likewise against global economy at all. Let me elaborate further in the next paragraph right below.
When global economy was climbing towards economic success about more than two decades back, China was in one good piece without being torn by any war and it opened its gateways in all directions without one single threat of terrorism to welcome business opportunities worldwide together with its cheaper manpower systems provided for further economic expansion in many foreign nations including the United States as well. From the very first day China’s communism started to fade away to invite more democratic moves for the sake of co-operating with international demands, the percentage of its domestic production is still remaining above 90% whilst its imports and food aid, perhaps below 5% to date. Licensed money-changers all over the world do recognize RMB as a good foreign currency to be exchanged with. In Singapore, only two licensed money-changers possess new Iraqi Dinars for their own good reasons.
Let us talk about the important matters of present Iraq. The return of depression economics seems to be equally bad in this decade almost as similar to what we have witnessed the catastrophic failures in the industrialized economies of Asia and Latin America throughout the 1990s. Between 1991 and 1998, severe financial crisis struck Japan, Russia, Brazil, Mexico, Thailand, and Indonesia. Despite the fact that such crisis was so foreseeable, how come so few people foresaw it? Was it the syndrome of the frog in the well, again? I hope Iraqi government wouldn’t have such a tunnel vision of many foreseeable economic crises coming towards the future world which can also badly affect Iraq economy. When Iraq has regained its freedom in 2003 after the fall of Saddam Hussein, was it really as excellent as China that I’ve mentioned earlier in my third paragraph? Apparently, Iraq’s percentage of domestic production is below 33% whilst its percentage of imports and food aid is above 67% to date. Please accept my sincere apology if I am wrong in hearing it from some online sources.
With a clearer picture of how New Iraq is standing right now facing a lot of economic changes in this decade which have resulted an even lesser buying power for its younger generations as well, are you not seriously worried about how long your appointment as a parliamentarian will remain in time to fulfill all your dreams of rebuilding its economic power? You won’t want to be replaced by incompetent parliamentarians who would only care for themselves leaving you feeling totally hopeless or competent parliamentarians who may want to accuse you in future for being a corrupted governor who loved to keep procrastinating against revaluing its new Iraqi currency to rebuild its economic power, correct? Will it be an honour written in the archive concerning the rise and fall of your present Iraqi government by then?
Now, you may download all the attached files relating to the most revised version of our CPF system which is implemented to meet the current needs and necessary changes of our national demographics. In the attached file of ERC_CPF_MainReport2.pdf, the contents are self-explanatory. Do you now fully understand why is revaluation or reinstatement of the new Iraqi currency so important? Without revaluing your money, you can’t have better buying power. Without better buying power, you can’t force your fellow countrymen to contribute any money to CPF. Without CPF, your social welfare will have to solve more foreseeable future problems of financial hardships of many older generations and younger generations alike. If Iraq still remains as an asset-rich but penny-poor nation, how to provide hardship allowance so continuously for the many poor and needy who really live a long life? CPF system is not the right system for the second and third worlds but Iraq can adopt it only after revaluation or reinstatement of its currency rate is confirmed and legally approved by the whole world; and vice versa i.e. implementation of CPF system prior to revaluation or reinstatement of its currency rate is definitely impossible because there may be more armed uprisings emerging against it with certainty. Singapore’s CPF system is politically- and economically-proven since 1955 which in other words, it has been established for 54 years to date. Our CPF is another kind of a back-up to stabilize our economy in case numerous global economic changes which may try to shake us up. Moreover, our CPF has an economic preparation for almost all other contingencies within Singapore.
Recent news media reported that about more than 22 millions of fellow countrymen in China were jobless because many US giants locating some of their business in China have given up probably due to weakened US economy happening for so long. Singapore has finally agreed to reduce the growing number of economic migrants from squeezing into our limited housing facilities as their rented accommodation in our small nation. Malaysia is our closest neighbouring country and its government has better reasons to reduce the same to protect their own Malay community from facing too many unemployment problems and to stop many so-called foreign visitors particularly prostitutes from overstaying as well. Australia and New Zealand would definitely not be so willing to invite newer economic migrants anymore from now onwards because most of the previous ones came as prostitutes with their so-called “husbands”.
Not long ago, I had numerous nightmarish visions in bed of some coming new fatal plagues affecting the whole world. Hadiths of the Muslims and the Holy Bible did mention the future world would suffer more newer fatal plagues than before. That is why I need to share my justifiable opinions with the foreign talents of all world key bodies to fully understand why we should first revalue the new currency of Iraq asap to rebuild its economy. International co-operation is indispensable to resolving the problem of Iraq economic power first as a new form of business strategy to help buffer US economy against inflation and China’s frequent economic attacks.
By strengthening Iraq economic power, we are also improving the welfare and healthcare of all Iraqi people as well, right? If we don’t immediately improve the living standards of their working population and solve their unemployment problems, a divine retribution is bound to happen in a matter of time, right? Let me elaborate further why is it absolutely right.
Apparently, with online complaints of so many corruptions still happening in Iraq, how would the busy Minister for Health in Iraq have the same numerous nightmarish visions I had? In my younger days for 4 solid years, I had lived together with the poorer people and shared their floor as bed. When some had no money to eat I cooked for them what I could afford to buy. On one occasion someone there was sick and as a pity, I gave him money to visit a doctor but when he refused my donation I then bought some clinically-proven herbal medicines to suppress his sickness, temporarily. Others around me loved me so much as their temporary companions within the same free accommodation but however, they never took advantage of my generosity. These are my friends indeed!
Sometimes, I had to miss a lot of breakfast meals to save money to indirectly help the poor. God has really shown me how to empathize with others who suffer in silence. Do you now fully understand why I need to raise my voice to the whole world to first help the poorer and the needy ones in Iraq soonest possible?
Terrorism is a peanut compared to the greater possibilities of the more coming fatal pandemics. Therefore, we shouldn’t focus too much on terrorism and totally forget about other important matters which may really worsen global economy permanently this time. Without healthcare adequacy and retirement adequacy planned ahead, not to precisely mention whether the Human Rights Watch has frequently investigated their national demographics to ensure that Iraqi people below poverty line are eating enough of the right foods to improve their immune system against all future diseases, most Iraqi people will suffer future financial hardships without a penny to their medical rescue. Someone may protest: “Iraq has oil and oil is money. So, why fear?” Without revaluing or reinstating its currency rate, oil prices cannot be genuinely revalued to improve Iraq economic power permanently. And oil reserves can totally disappear tomorrow if God wishes to do so. How? Iraq is a country vulnerable to frequent natural disasters, namely earthquake, famine, drought, flood, and epidemic. Earthquakes can destroy oil reserves, right? Just fancy with my rhetorical query what if somewhere in the Holy Bible mentioned that the future Babylon might be the first nation to spread a newer fatal pandemic worldwide due to its endemic poverty unsolved for years? Please rethink about how and why newer virus of The Black Death can also come as the future fatal pandemics. For those who don’t understand, please download the attached file of Black Death – Wikipedia, the free encyclopedia for your perusal.
I hope you would seriously consider about another important problem relating to the health of the future Iraqi people. Do we all know that almost all economic migrants with or without employment contracts with their overseas companies only in private sector (mind you, I am not mentioning the government sector) in any well-developed countries do not enjoy better medical benefits like surgical operations for illnesses even directly relating to occupational hazards. How do we accuse anyone without proofs of evidence? If they may work closely with poisonous chemicals for many months, can they contract future cancers? Cancer and heart diseases can happen to many night-shift workers whose body and brain should usually be rested in the night to balance their brain chemicals which are associated with their mood by the help of natural hormones of serotonin, catecholamine, gamma-aminobutyric acid (GABA) and endorphin. When in balance, these neurotransmitters help us in being alert, optimistic, calm and resourceful. When we are sound asleep in the proper night, melatonin as another natural hormone would be produced by the pineal gland in our brain. Serotonin is opposite of melatonin, of which the former keeps us wide awake like coffee whereas the latter keeps us feeling rather sleepy like prescribed sleeping pills. God has created the day and night not just for fun to our healthy bodily system.
You wouldn’t want more foreign bosses returning all your seriously-sick Iraqi fellow countrymen back home for you to take good care of them for whole life, would you? No government elsewhere wants all their taxpayers to pay medical expenses as a charity to economic migrants because taxes collected are meant to help their own community at large. They don’t owe any economic migrants a living at all. If they go to any nation for a temporary job assignment to earn money without any contribution as annual taxes, don’t expect to share equal human rights together with their legal citizens who contributed payments as annual taxes. This is a clear common sense!
Please revalue or reinstate your Iraqi currency as soon as possible.
To our greater economic success!
That’s all!
revalue~opps~so great~yeepee
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