Posting by Proteus, Facts and Truth !!!!!

Hello all,
I am kinda NEW Here at One Dinar, but many of you know me well... as I am the ADMIN of ReValue.us,
I was invited to this wonderful Dinar Forum by "WildMan" and have read some of the posts here, I like it!

I was reading MED's translation of the article, LINE by LINE, and I am not sure where he gets his reasoning, as the article has a little different meaning to me... Since before the start of this year many have listened to our Debate Series - "The Great Dinar Debate" - and we have asked many questions concerning our investment, and we have revealed many facts about this investment that are contrary to what Guru's, Translators, and Group Leaders have spread around the internet to unsuspecting Community Members, because they listen to those that sound so profound and knowing, yet they spread their fables for reasons that are not in the benefit of the community. I myself have been asked many times what does an article mean, and how does this affect our investment, and I always go back to the facts and use DEDUCTIVE REASONING to formulate a common sense perspective of what I have been asked... and I will do nothing different here !

I read this article and I see things that seem to be mis-interpretated,
like the translator is using is utilizing INDUCTIVE REASONING to make things sound sweeter than they really are or to make things seem like they back up his side of the perspective... but the facts do not fit the interpretation.

I am not going to go through EVERY LINE OF THIS ARTICLE, and Rebut what MED has said, nor am I going to degrade the work that MED does to help others understand what articles say, but this time I think he may be in Left field on this one... Simple facts that I have said from the beginning are still very important to pay attention to, and I stick with these facts! I listed my 6 most important things that need to happen before any Monetary Change can happen in Iraq:
1. The Budget Needs to be passed,
2. The Legislation needs to be enacted, by approval of the project
3. The Ministry of Finance gets Instructed by parliament to fund the project,
4. The New Lower Denoms are printed, staged at the banks for distribution and HELD until project enactment,
5. The Educational Program begins and examples of the New Lower Denoms are Previewed for the citizens to recognize,
6. The Project is instituted, New Lower Denoms are exchanged, the Monetary Change begins, and we find out the Truth!

Now, the budget has just been passed, this was my first thing, as anything that is going to be funded for the project has to come from a passed budget.

Next, they do not have the legislation done yet, they are arguing about whether or not to drop the zeros, and i think they need to churn on this for a little longer, as Politicians have different views than Bankers do, BANKERS are Hoarders, and Politicians are Spreaders, Bankers hoard cash to make their banks more respectable, where as, Politicians want to get re-elected, and they do this by obtaining votes from the people, by satisfying their constituents and the needs of the people that will re-elect them... so this difference of opinion needs to be settled before anything can be agreed upon and the legislation can come up for a vote to be passed... and by the way... Iraq does not even have a simple law that makes the Dinar the principle instrument of trade within the country!

The ministry of Finance are actually the accountants of the country, they say well Iraq can afford this, but not over this, and if you want to spend this, then the funds will have to come from this place and so on and so on... and when the legislation gets passed by parliament, they will simply be instructed to fund the program for the project to begin, this has not happened yet...

Lets go on.. The New Lower Denoms with the 3 languages on them could possibly be ORDERED, but they have not yet been printed in my opinion as the Project Funding for them has not been passed yet, and so, why would they have something printed that they can not pay for yet... Once they get the Go Ahead from Parliament to fund the project, then the project expenses can start to be established, the New Lower Denoms can be Ordered, Printed, and set for distribution to the banks where they will be exchanged...

We all have heard and seen articles that tell of both sides of the Monetary Change, CBI Perspectives and Economist Perspectives, which are not totally aligned and thus make things confusing for the community to all of us, BUT, we have had NO OFFICIAL EDUCATIONAL EXPOSURES, No GOI Statements, No Posters showing the New Lower Denoms, No Artist Renditions, No NOTHING Official from anywhere... just opposing views, and media debates of the validity to the project.... So we are not at this point yet either...

ONCE all of the above things get accomplished...
then we will see something start to happen, and the CBI has provided the date of 2013, because they know that things like this happen in the beginning of a year, not in the middle of one, not 3/4 thru one, in the beginning... all of the procedural steps in preparation to the project beginning are what take time to do, step by step, one at a time until they are ready to begin.... SO I believe we have a little bit to wait while they get these steps done prior to starting the project...

This is was i feel are the facts that matter to the community, not burying the procedural delays in mis-interpretation of the articles that come out of Iraq...

Please understand I firmly Believe that this is a stable, strong, and good investment, as I am invested like everyone else...

But I am not going to tell anyone that we are close, or that they are doing things that have not yet happened, or that it has happened internally and we are just waiting for it to show up externally.... Things like these are FABLES, and should not be believed, and for sure do not lower the quality of your families life because of these kind of statement from anyone, follow the facts, believe in common sense, and you'll be better of because of it!

BEST WISHES,
Proteus

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thanks rock, and I agree for the most part....however, I do not believe for a second that government is telling their people everything, its the same as in the west. just because the news puts things out, that does not mean it is factual, so you cannot take every single piece of news as the only source of information...yes the guru's are all liars, and nothing can be gleaned from their BS, but saying things like "the new denoms may very well be printed" is a reasonable hypothesis given how we can be mislead daily from the articles.

my $0.02

...just another person's analysis. Each of us has to decide whose research is the most thorough, complete, and valid.

On: Tuesday 28/02/2012 13:12

Baghdad (news) .. Description of the Deputy Governor of the Central Bank of the appearance of Mohammed Saleh project to delete the three zeroes from the currency as strategic for the country as it will reduce the mass of cash circulating in the local markets.

Saleh said (of the Agency news) said on Tuesday: The central bank exceeded the advanced stages in the preparation of studies and preparations logistics task for the project to delete the three zeroes from the currency and within a specific timeframe as a reform project of the Iraqi currency.He added that in the event of obtaining approval by the federal government on the implementation of the project work will be on the tactical level up and will be announced on its implementation and contract with advertising companies and the media to educate citizens on how to use the new currency and to answer all questions raised by him.

said: that the meetings continued with the relevant committees of the Iraqi economy in both houses of ministers, MPs and we are now awaiting approval from them to get to the final stages of project implementation.

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Just another thought on what might be happening.. JUST a thought... Just my own Opinion where we are right now.

1. Parliament passes the law to delete the three Zero's. This is the law that tells the Iraq's to turn their 3 000 notes in for lower denominations. They may give them up to 2 months to do so like they did when they were forced to turn in the saddam notes back in Oct. 2003.

2. The purpose of this law is to remove the last of the large notes off the streets.

3. Now they have less cash to purchase items but with more purchasing power. The prices of items increase but so does the buying power. No international exchange rate change yet until the large notes are completely taken in in Iraq. It was stated in prior arts that CBI did say the deletions of the 3 000 would NOT effect the economy. CBI does NOT want to pay a high exchange rate to the citizens, just get them to turn in the higher notes for lower notes. Same buying power but less cash to carry. CBI is NOT going to give an exchange rate to the Iraq citizens and make them very rich over night. It would be to costly for the CBI to do that and would not benefit the economy. IMO

4. After the 000's are turned in and are not able to use in country any longer, the CBI raises the international exchange rate.

5. The three zeros are not being removed from the currency, just removed from circulation. Read my previous post.
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6. When the budget is released this could all fall into place rather quickly. We who hold the larger notes as investors are in a different playing fieled as the Iraq citizens. Our notes are worth 25K and will be exchanged when and only when the international exchange rate is released. No matter what happens in Iraq with the removal of the 3 000's just hold on until they release the international exchange rate. NO one knows this rate although we have a fairly good reason to believe it will be .85 or higher.

7. My personal feeling on this is that we are still weeks away from an international rate being released. I am NOT going to hold on to any date,, never have and never will.. I know I have said in chat before that Sept. looks good. Heck I DO NOT know when it will happen and NO one does. We can only speculate. Best advise is to stay away from any date or rate prediction and let it play out. We are learning much through this process and NO ONE has all the answers. We are just teaching each other from what we read and study.