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Re: Iraqi Dinar investments Update by Privacy-Rights-Army
By Bill Crawford
With the political season at full-steam, it is appropriate to start with the words of Democratic Senator John Rockefeller, who had the courage, three years on, finally to say what the Democrats really think about Iraq:
Rockefeller went a step further. He says the world would be better off today if the United States had never invaded Iraq — even if it means Saddam Hussein would still be running Iraq.
In addition, let me reprint the words of the Sgt. Major of the Army, Kenneth O. Preston:
The morale of American GIs serving in Iraq continues to be high, regardless of the danger, difficult conditions and family sacrifices they face, the Army's top enlisted leader said yesterday.
"They really look at it as a badge of honor," the sergeant major said.
Indeed, the Army will meet its recruiting goal for 2006.
The Political Situation
Prime Minister al-Maliki continues his push for national reconciliation, largely ignored by the U.S. media:
National Reconciliation was the headline of talks during the visit of Prime Minister Nuri Al-Maliki to Mosul City in Ninawa Province. Before a crowd of political and social figures in addition to Heads of Tribes representatives, Al-Maliki underlined the importance of establishing a free Iraq where only freedom, justice and equality rule among the people regardless of their orientations after long years of oppression, tyranny and murder.
As part of his reconciliation effort, 40,000 soldiers in Saddam’s army are now eligible to serve in the new Iraqi army.
Security, Part I: The Iraqis Stand Up
As of the first week of September, the accomplishments of Operation Together Forward include:
ISF and MND-B have cleared more than 36,000 buildings, 32 mosques and 26 muhallas, detained 42 terrorist suspects, seized more than 900 weapons, registered more than 184 weapons and have found 18 weapons caches. The combined forces have also replaced 444 doors, 18 windows and 656 locks damaged during clearing operations and have removed more than 17,000 tons of trash from Baghdad streets.
A tip from a citizen led Iraqi soldiers to a weapons cache being hidden in a mosque:
A tip from a concerned citizen led the soldiers to the weapons, which included seven AK-47 assault rifles, two PKC machine guns, two pistols, 20 fully-loaded magazines of 7.62mm ammunition, three handheld radios rigged as bomb detonators and a set of body armor.
Also based on a tip, Iraqi soldiers rescued a kidnap victim and uncovered a weapons cache:
The Iraqi citizen lead soldiers from 1st Battalion, 2nd Brigade, 6th Iraqi Army Division, to a house where the victims and a weapons cache were located.
Inside the building they seized two rocket-propelled grenade launchers, 20 RPG rounds, nine RPG propellant charges, an AK-47, two sniper rifles and 12 hand grenades.
Iraqis continue to sign up for the police, even though they are therefore targeted by the terrorists. In Fallujah, 950 recruits began a 10-week training program, and a recruiting drive netted 176. In Ramadi, a recruiting drive netted 395 recruits for the police. And in Anbar Province, more than 500 men signed up for the Iraqi police.
The Economy & Reconstruction
Over the last three years, 2,500 reconstruction projects have been completed, and more than 3,500 started.
Since April 2003, completed U.S. projects have increased potable water availability in Iraq to an estimated 4.2 million additional residents; an estimated 5.1 million additional people have access to sewage treatment.
U.S. projects have added or restored an estimated 2,700 Megawatts of electrical generation capacity to Iraq's electrical grid. Peak electricity generation in Iraq is currently around 4,900 megawatts compared to an average of 4,300 in 2002.
A trade fair was held in Cairo to encourage investment in Iraq. Eight companies and 250 individuals attended the conference.
Oil companies are already maneuvering to win lucrative oil contracts in Iraq, as Iraq announced that it would increase output to three million barrels a day by the end of the year.
In other oil news, Iraq has issued a tender for six million barrels of oil stored in Turkey, and a pipeline to that country has been repaired, allowing Iraq to begin exporting 700,000 barrels a day.
Iraq has inked a contract to sell 10,000 barrels of oil a day to Jordan.
A Denver firm is expected to win a contract to build a $750 million refinery in northern Iraq.
A German company signed a contract worth more than $137 million to build a metal pipe factory in southern Iraq.
The Basra International Airport is to be designated a free-trade zone.
The governor of Iraq’s Central Bank expects $120 billion of Iraq’s $146 billion debt to be cancelled by year’s end. Dr. Al-Shabibi said that Iraq cannot undergo reconstruction and development if the debt is not cancelled.
U.S. civil-affairs personnel restored water to the village of Jurn:
Thus, when on Aug. 22 U.S. civil affairs personnel in the village of Jurn opened a restored water well to residents, it was cause for celebration. The well will provide a source of clean drinking water to the community, and thus help curb the spread of water-related illnesses.
Humanitarian assistance was provided to residents of Adhamiyah by the 414th Civil Affairs Battalion:
“We’re showing the Iraqi people that we’re here to help them,” said Capt. Andrew Corbin, native of Austin, Texas, and civil affairs team leader with 414th CA Bn.
The DAC and Soldiers from the battalion contracted with area vendors to provide more than 15 generators to local leaders, school headmasters and business owners as well as more than 3,000 bags of food to families in the Adhamiyah district.
“We’re giving out food to those who are in need,” said Mohammed, a local resident and member of the DAC through an interpreter. “It’s good to be able to cooperate with the people of the city.”
Contracts to operate 142 walk-in clinics throughout Iraq have been awarded:
Building an Iraqi health-care system based on outpatient clinics and primary care is a high priority of the Government of Iraq. To that end, all contracts for the 142 primary healthcare clinics in the country have been awarded, according to the Gulf Region Division, U.S. Army Corps of Engineers. The contracts – the last of which was awarded on 31 Aug 06 – total more than $185 million.
Soldier of the 4th ID came up with an ingenious solution to the challenge of providing all Iraqis with potable water:
As a way to resolve the local water problem and prevent tragedies such as this, leaders from 1st Battalion, 67th Armor Regiment, 2nd Brigade Combat Team, 4th Infantry Division, requested the help of a college professor to teach local Iraqi potters how to make clay/sawdust ceramic filter pots capable of decimating 99.88% of water-borne disease agents.
The Baghdad police academy has been expanded in order to speed up the training process:
Baghdad Police Academy’s capacity has been significantly expanded with a $73 million investment. When finished, the Academy will feature seven new classrooms, eight cadet barracks, six new instructor barracks, a new dining facility, library, forensic laboratory, range control building, firing ranges, guard towers, motor pool, warehouse, armory, contractor shop, renovations to existing buildings, and new site utilities (water, sewer, internal power grid).
The cadet barracks are designed to house 6 to 8 cadets per room, 400 cadets per building.
A new telecommunications center is being built in Baghdad. The $22.7 million project will provide jobs to more than 400 Iraqis.
The residents of the village of Hor al Bash benefited from a free medical clinic and the delivery of school supplies by U.S. soldiers:
“Our mission was to conduct a medical operation at the Tartawar Primary School and provide local citizens with free pharmaceuticals and screening for the day,” said Capt. William LeFever, civil affairs officer in charge from Company C, 414th CA Bn. “We supplied about $5,000 worth of pharmaceuticals purchased from a local pharmacy.”
The combined effort also provided the Soldiers an opportunity to deliver school kits to the Tartawar School as faculty and community members prepare for the upcoming school year, he added.
“Today, we provided this school with notebooks, folders, chalk, pens, pencils, water coolers and other supplies valued at more than $2,500,” he added.
In Erbil, a new water treatment plant is providing almost 1 million Iraqis with safe drinking water.
Nine electrical substations, built by Iraqis, went online recently in Diyala Province:
Built by local construction companies and over-watched for quality assurance by the U.S. Army Corps of Engineers, these nine substations provide power to newly constructed areas, neighborhoods, businesses and industry. Two of the nine are 400 kV substations and considered to be important components of the national electrical system, having a significant impact on the stability of the national grid.
The only secondary school for girls in Najaf Province reopened after extensive renovations:
During the renovation, a new water closet, with clean flowing water, and tiled floors was added. Two water fountains were placed in the school as well as new desks and chairs in each office and classroom. New windows were installed, which included screens, drapes, doors and ceiling fans.
Handrails were installed in each stairwell. Cement sidewalks were laid down between each building, and the entrance gate was replaced with steel doors and flanked by a seven-foot exterior brick wall to protect the perimeter of the school.
Crumbling walls were replaced and repainted and new electrical circuit breakers were installed to run power to a new air-conditioning system and fluorescent lighting that was installed throughout the buildings.
A free medical clinic was provided to the residents of Tahrir:
With tears welling up, a little Iraqi girl reacts to receiving a shot from a coalition forces medic that will clear-up her upper respiratory infection. While pain is minimal, the after effects will provide her with a more healthy start in her young life.
The little girl’s medical treatment was courtesy of the Soldiers from 4th Battalion, 2nd Brigade, 5th Iraqi Army Division and Soldiers from 1-68 Combined Arms Battalion, 3rd Heavy Brigade Combat Team, 4th Infantry Division, Task Force Band of Brothers, who jointly conducted a Medical Civil Action Project in the town of Tahrir; a town that is not used to readily available medical care.
A building in the town had been converted into a waiting room, pharmacy and doctor’s offices where one Iraqi doctor, Capt. Farhan, from 2nd Brigade, 5th Iraqi Army Division and one American Maj. Jeremy Beauchamp, battalion surgeon, 1-68 Cab, prepared to see patients.
An asphalt plant in Tal Afar is being upgraded. When work is completed in late 2006, the plant will be able to produce 100 tons of asphalt per hour.
Day by day, all the pieces are falling into place.
Mideast sees Iraq as a disaster: Kofi Annan
Updated Wed. Sep. 13 2006 12:41 PM ET
Associated Press
UNITED NATIONS -- U.N. Secretary-General Kofi Annan said Wednesday that most leaders in the Middle East believe the U.S.-led invasion of Iraq and its aftermath "a real disaster" for the region.
Annan said many leaders believed the United States should stay until Iraq improves, while others, such as Iran, said the United States should leave immediately. That means that the United States has found itself in the difficult position where "it cannot stay and it cannot leave."
"Most of the leaders I spoke to felt the invasion of Iraq and its aftermath has been a real disaster for them," Annan said. "They believe it has destabilized the region."
Annan returned from a two-week trip to the Middle East late last week. His main goal was to get leaders to support a Security Council resolution imposing a cease-fire in Lebanon, but he said he discussed other issues such as Iraq with the leaders he met.
Iran offered to help the United States leave but did not go into details, Annan said. He would not give his own thoughts on whether he believed the United States should leave Iraq yet.
"The timing has to be optimum and it has to be arranged in such a way that it does not lead to even greater disruption or violence in the region," he said.
Annan's news conference was meant to give him a chance to discuss the results of his trip to the region and take stock of the U.N. ahead of the annual ministerial meeting of the General Assembly, which begins Tuesday.
He said that on Monday, the U.N. would host a meeting of the Iraq Compact, a new group created by Iraqi's government meant to help strengthen its economy.
"The idea here is to generate support for the economic development of Iraq," Annan said. "Wait till next week, the pessimists will be surprised as to what happens."
Annan plans to step down on Dec. 31 when his second five-year term as secretary-general ends.
I've been following this thread and thought i give some input.
Any smart investor would not invest in paper currency unless you're betting against
it like Bill Gates,Warren Buffet,and George Soros are betting against the U.S dollar.
The U.S dollar is declining slowing and surely.
Personally i would not invest in Iraqi Dinars.
If the U.S is able to bring stability into Iraq,do you actually believe that Iran alone is going to allow that to happen?
Even Henry Kissinger mentioned that the U.S would not be able to go into Iraq
without going to war with it's neighbor Iran.
War isn't cheap and soon the U.S will face a recession in 2007 just as George Soros predicted.
This is a man who lived and seen the Great Depression in World War II.
You may say to yourself: "We're not in World War 3 "
(yet) (or that you know of anyway,but thats another story)
but the signs are there,and would be more so felt in the U.S economy.
If the war continues in Iraq for the next year or so I believe that it would take at least 10-15 yrs for Iraq to fully recover and it's currency to at least peg back to the rate just as it were before the war started.
And lets not forget that the U.S. recently drilled and discovered more oil in the Gulf of Mexico.
(one reason why we see gas prices have fell) and will possibly continue to decline.)
Don't expect the Iraqi Dinar to be pegged anytime soon whatsoever.
And i feel sorry for those of you who took your kids college funds and invested in it.
You should have considered investing in Gold or Chinese Yuan.
if those who are dealing Iraqi Dinar know exactly what i'm telling you,
but would never mention it because selling Iraqi Dinar is big business.
And those of you who are sitting on Millions in Iraqi Dinar,
lets just say that even if you wanted to live in comfort like a millionaire here in Iraq as a millionaire in the U.S ,well right now you would not be able to do so right now,or years down the line.
Look what happened to U.S citizens residing in Lebanon when the war broke out between Israel and Hezbollah.
Some good points, especially about the dollar losing value, and potential recession, but that is even more reason why you want to have some dinar in your portfolio for the long term.
Current drop in oil and gas prices is for one reason only, and it had nothing to do with Gulf announcement which won't even come online for over five years if they are lucky.
The oil prices have been high for one reason only, the oil companies have priced in three hurricanes, Iran having nuke, VZ going to Euro, Africa rebels blowing up oil refineries, and anything else that could impact the market if it had indeed happend as illustrated. (g)
Simply put, BIG OIL has been ripping us off for over a year when they got the idea they could get away with factoring in all these issues as the stupid consumer would not know any better. It was the biggest rip off of the consumer ever, just look at the oscene profits all the oil companies have taken in this past year. Katrina planted the seed as they saw no reduction in consumption even when prices shot up last year, so of course, them being theives, of course they would take advantage of us.
Congress went through the dog and pony show last year and nothing came of it, so talk about opening the door for BIG OIL to hammer us again, why not? We can take it, we will still purchase and consume as much as ever, so supply and demand rules, so the oil companies have an excuse, blame it on economics. It is all a BIG JOKE, and the JOKE is on us. LOL
Some good points, especially about the dollar losing value, and potential recession, but that is even more reason why you want to have some dinar in your portfolio for the long term.
Current drop in oil and gas prices is for one reason only, and it had nothing to do with Gulf announcement which won't even come online for over five years if they are lucky.
The oil prices have been high for one reason only, the oil companies have priced in three hurricanes, Iran having nuke, VZ going to Euro, Africa rebels blowing up oil refineries, and anything else that could impact the market if it had indeed happend as illustrated. (g)
Simply put, BIG OIL has been ripping us off for over a year when they got the idea they could get away with factoring in all these issues as the stupid consumer would not know any better. It was the biggest rip off of the consumer ever, just look at the oscene profits all the oil companies have taken in this past year. Katrina planted the seed as they saw no reduction in consumption even when prices shot up last year, so of course, them being theives, of course they would take advantage of us.
Congress went through the dog and pony show last year and nothing came of it, so talk about opening the door for BIG OIL to hammer us again, why not? We can take it, we will still purchase and consume as much as ever, so supply and demand rules, so the oil companies have an excuse, blame it on economics. It is all a BIG JOKE, and the JOKE is on us. LOL
Good luck to all, Mike
Please - Iraqi dinar for the long-term? NOT. This is nothing but a sham investment.
Re: Iraqi Dinar investments
Annan Says just wait until next week!!!!!!!!!!
Re: Iraqi Dinar investments
Hybrid Mode
