Iraq Chapter 7 Recovery Involves American Commitment
20 years after the 1990 Gulf War and the Iraqi Government is still faced with the clean up in the form of 73 United Nations sanctions. American coalition forces helped to create these sanctions. Today’s post Saddam agenda now has America committed to the recovery.
(Iraq) “Will not regain full sovereignty and independence without getting rid of these resolutions”, says Hoshyar Zebari, Iraq’s Foreign Minister in July of 2009.
The Government of Kuwait continues to siphon a percentage of oil revenue from Iraq with the help of these United Nation sanctions. Kuwait also owns 60% of the banks in Iraq. So if you can imagine the correlation of these two variables, everything is working together in the preparation of Iraq’s oil based recovery.
Understanding a ‘ball park’ time line for the revaluation of the Iraqi Dinar would require a broad look at all the parts of the puzzle that once together form an inevitable platform for the Dinar to springboard from.
Iraq elections in march of 2010 will be followed by the passing of the hydrocarbon law. This will increase oil revenue and combined with a forecast of increasing oil prices Iraq will be much better positioned for removal of sanctions and a revaluation.
Status of Forces Agreement was signed by Iraq Government officials which in essence was a promise of the U.S. Government to help out Iraq chapter 7. Iraq is not out of the woods yet but the country is in a position where full independence militarily is within reach.
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Written by Darren Chabluk for http://DrDinar.com
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Jenn, thanks for all your work and your intel, I’m like you I go through a number of sites and chats and some are so funny, a lot of speculations and rumors and the truth is no one really knows when this RV will it. I believe when it happens it will surprise all of us. I do research with the following and then I make up my theory about what will take place, Articlesofinterest, Adam Montana, American Contractor and a few others, and to be quite honest with you I really like what American Contractors has to say I don’t know where they get there intel from but so far everything they have predicted has come true. I remember back in Dec they said no RV for the month of Jan and now they are saying no RV for the month of FEB. notice they are not predicting anything now but they going month by month, so who knows it might it in March, Lets hope so. I wish Darren would create a chat room that would be nice.
Jenn, thanks for all your work and your intel, I’m like you I go through a number of sites and chats and some are so funny, a lot of speculations and rumors and the truth is no one really knows when this RV will it. I believe when it happens it will surprise all of us. I do research with the following and then I make up my theory about what will take place, Articlesofinterest, Adam Montana, American Contractor and a few others, and to be quite honest with you I really like what American Contractors has to say I don’t know where they get there intel from but so far everything they have predicted has come true. I remember back in Dec they said no RV for the month of Jan and now they are saying no RV for the month of FEB. notice they are not predicting anything in the future for now but they are going month by month, so who knows it might hit in March, Lets hope so. I wish Darren would create a chat room that would be nice.
Sorry Hit the submit button twice
I saw that a rough figure was
25000 dinar= $22.09 US .00088
Guess it didn’t happen today!
There is a very big part of me that is just waiting to exhale because of so much going on right now. I see so many signs…and not rumors so much…of this being blown wide open. Yesterday rocked! So much information coming out and you know, in the chats, you don’t see much “bank talk” in the US as we did days ago. I see where the bombings have increased over there BUT I ASK YOU THIS… Have you even picked up your LOCAL newspaper, let alone the New York Times and not seen CRIME in our country? It is all over…they just put Iraq under a microscope with their crimes because a) they are rebuilding from a war. and b) The prior Sadaam a**holes are not going down without a fight. And I hear they fight to the death! They are in Afghanistan to. They were bread that way. And 20 years from now…you will still hear about them. It is like the gangs in our country. You take over their turf….it is war to the end. Last man standing! That is why so many of them people are in their “black book” (I think is what it is called. Not 100% sure on that) but they are linked to Saddaam Hussain and they black ball them from the elections. I think it is up to like over 700 of them now, not sure. But the bombings have increased over there and yesterday, they said 5 million TOURISTS were there and the crimes got worse. They targeted the tourists to make their statements of what they think they still have power over. It is sad. Some things will never get much better for them but atleast woman and children aren’t dying frequently like they were prior to 2003. Others, that choose to go there as a tourist, especially NOW…RIGHT BEFORE AN ELECTION…AND ALL THEM ON THE BLACK BOOK LIST…need to rethink their decision on that. If it RVd today and the stipulation was to go to Iraq to cash in…I guess I am going to stay home and miss out because NO MONEY is worth your life. Just my opinion on their situation over there.
Anyway, things are quiet, for now, so I think I will take this opportunity to clean my house..God knows it needs it…and I will be back on in a bit.
The Amreican Contractor says there will be no RV in February. Now the word is Chapter 7 must be lifted and the Hydrocarbon Law passed before an RV will happen. Whats after that?
Jenn I learned to stay out of these rumor chat rooms and thats all that is nothing but rumors. No one really knows when it will RV certainly not the rumor mill gang. I wish I was in the dinar business I wouldn’t need a RV. I would be filthy rich. Can you imagine the dinars sells over the past several weeks because of all the rumors about it RV’ing since last month WOW.
Trent I’m thinking like Darren I believe that everything has to be in place, the budget passed but not approved ( I think I’m right), then Chapter 7 has to clear, and then like you said HCL, and I really believe the new Government coming in will have a lot to say about the RV. I was wishing that it would RV before the election, but I just don’t think that will happen. So I say just hang tight, when it RV’s you will be able to hear me yelling for joy across the USA . Keep the faith its coming.
People have been selling these dinars for years. They thrive off of these sites so they can promote and sell. I think that most of us have our heads straight on that…don’t go buy from a rumor. If this does not go in the next couple of weeks…which I think it will…my own personal opinion, I will get a little more. But on my time..not a rumor. I hope we all wake up tomorrow to a RV. If that happens, that will be great to and I have no regrets on waiting to buy more. So many things have happened in the past months for this to become reality and I am very optimistic about this. On the other hand, if it takes awhile, I feel compfortable knowing our investment is a win, win situation. They WILL RV, eventually…on their terms.
Who are Sonny1, Frank26, SFmedic, Enorrste on DinarDaddy Tidbitts? They have some wonderfully intriguing posts. I must say they’re better than most novels.
Aren’t they cool Trent? I kind of laugh at SFmedic though. He is kinda out there with his predictions and what he claims are facts. but I like reading them anyway. The Enorrste guy is the guy I told you all about with that kick A** ARTICLE! Frank is cool because he is religious and he is sooo smooth with his wording…almost makes you want to meditate! Sonny has cool, interesting info. I like going in there. Dinardaddy is big daddy that keeps the rest in line.
The only thing I like about Enorrste he backs up his intel, These other guys just blow hot air.
Hey Darren ever think about opening a Dinar chat room.
Johnny, I can add a dinar chat room to the membership site. I will look into this.
I really hate to think of having ID is like having a lottery ticket, to me it cheapens it. It really is not much like investing in the Forex Market either because most of us have the commodity in our hands. It is more like a game to me. There are many things that have to come into line before the RV will happen, most of us selfeshly expect it now. To revalue the currency of a country is a very big deal, especially a large change in currency value and of a country that is an occupied country taboot. Iraq Government can want all day long but they can not do it alone, they are occupied. All the companies that service the foreign Military Mission (mostly US and UK bases) there will have to be prepaired to just about close up shop, a RV will make most of the mid and upper management of most every company quite wealthy.
Policemen and all the others working and getting paid ID will need to have their salaries adjusted, I thing a Baghdad policeman gets around 750,000ID a month for a very dangerous job. Without the help of all the contractors the military can not get enough food and water to support themselves, much less have enough Military trucks and drivers to move all their equipment out of Iraq, The US military would be stuck. Like I say in this game there are a lot of things that need to be lined up and I don’t see these things even facing the right direction at present. Moving that way slowly, Yes!