Posts Tagged ‘Iraq’

New Iraqi parliament to convene June 14

Interesting reading about the new Iraqi parliament.

BAGHDAD (AFP) – Iraq’s new parliament will finally convene next week, an official said Tuesday, paving the way for the formation of a new government more than three months after nationwide polls.

The June 14 opening of the Council of Representatives comes after Iraq’s supreme court ratified the results of the March 7 general election which put ex-premier Iyad Allawi’s Iraqiya bloc in the lead, followed closely by Prime Minister Nuri al-Maliki’s State of Law alliance.

“The president (Jalal Talabani) decided that the parliament will meet on Monday, June 14,” Nasir al-Ani, head of the Iraqi presidency’s office, told AFP.

Once parliament is convened, Iraq’s constitution states that MPs must first select a speaker, and then choose a new president.

The president will then call on the leader of the biggest parliamentary bloc to form a government, giving him 30 days to do so.

Iraq’s supreme court on June 1 ratified the results of the election, confirming initial figures which showed Iraqiya won 91 seats in the 325-member parliament, followed by State of Law’s 89.

The Iraqi National Alliance (INA), led by Shiite religious groups, came third with 70, while a bloc of Kurdish parties hold 59 seats.

The court has opined, however, that a coalition agreed before parliament first meets would gain primacy over Iraqiya if it held more combined seats.

Earlier this month, State of Law and the INA announced they would form a post-election coalition, leaving them just short of a majority, though they have yet to formalise the arrangement.

Allawi, though, insisted on Tuesday that his grouping should have the first opportunity to form a government.

“Discussions and dialogue that have taken place (with rival blocs) indicate that Iraqiya was the winner,” he told reporters in Baghdad.

“In my estimation, Iraqiya is the one group that can transform Iraq.”

The fact that no clear winner emerged from the election has meant that protracted coalition negotiations have ensued as blocs jockey to form a parliamentary majority.

Full results from the election were initially expected to be ratified in early April, but counting delays, multiple complaints and appeals from political groups have caused setbacks.

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Posted by Cherilynn on June 10th, 2010 2 Comments

Frank’s Clarification OF Dinar RI Date

Frank asked us to share so I am.
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June 5, 2010 · Posted in CHATS / POSTS
RI on Sunday, hmmmmm let me see if I can fit that into my schedule????? …..WHY YES I CAN!!!!!!!!!
Let’s keep praying, this is Iraq we are talking about….they can screw up anything!
FOR THOSE THAT COPY AND PASTE ME TO OTHER FORUMS……….PLEASE SHARE THIS.
AQ told You that we talked on the phone today and I told her 1 and 2 are done. I then said 3 would happen Sunday. But I did NOT say the RI was going to happen on that day. As You know I defined 3 in April as the seating of their elected officals. It is the hopes that Parliament at that time…..Sunday 6th…….. will open the 2010 budget that contains the RI Rate.
Then on Tuesday 8th……….. They can tell the UN they have done EVERYTHING REQUIRED to fully lift Ch7 on the 15th.
Now do they have to tell us on the 6th Sunday that they are using the new RI RATE?
Nope.
They wish not to show You their bag of candies………Yet.
Why?
Live over there and Your qt will be answered. Their brains are not Western Wired.
Just wanted to clarify the post my Dear Sweet Friend AQ made today. I have spoken with her on this matter…….XO.
I sense they will follow this accustomed pattern. So Monday I will break down the next important issue to consider now……………The Rate.

Posted by Cherilynn on June 5th, 2010 No Comments

Maliki orders withdrawal of bloc’s contests against election results

Received this article, thought I would share.

BAGHDAD / Aswat al-Iraq: Iraqi PrimeMinister Nouri al-Maliki, the leader of the Dawlat al-Qanoon (State of Law) bloc, gave instructions to withdraw all the contests forwarded by his bloc against the recent Iraqi parliamentary election results, a source close to Maliki said on Tuesday.

“Maliki’s instructions to withdraw all the contests submitted to the federal court aim to accelerate the endorsement of the election results,” the source told Aswat al-Iraq news agency.

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Posted by Cherilynn on June 2nd, 2010 No Comments

Maliki Withdraws His Nomination?

A cropped image of Iraqi Prime Minister Nouri ...
Image via Wikipedia

Got this article today about Prime Minister Maliki and thought I’d share.

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A leading figure in a coalition of law which is headed by Iraqi Prime Minister Nouri al-Maliki on Saturday, the latter decided to withdraw his nomination for another term, indicating that the coalition provided currently three figures for this position to the Iraqi National Coalition, as pointed out another source that the Committee formed by coalitions Meetings were held during the past two days to reach a compromise candidate.

Find a link to the complete article below.

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Posted by Cherilynn on April 10th, 2010 13 Comments

Interesting Dinar Revaluation Speculation

Got the following article today along with his comments from a fellow dinar investor.
Looked interesting to me so I thought I’d share here.  Seems to be in line with what many are saying about early March for a dinar revaluation.
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Posted by Cherilynn on February 22nd, 2010 89 Comments

Iraqi Dinar Exchange And Taxes

As I’ve mentioned in previous posts, I have researched and found two groups of tax and financial professionals plus a group of tax attorneys, all of which are either Iraqi dinar investors or knowledgeable about the dinar as an investment.

All are now preparing to handle new clients in this area before and after rv.

Right now, they are working to compile answers to the questions dinar holders have in the areas of tax mitigation, charitable giving, business entities, trusts, various types of investments and more.

Bit by bit, they are getting information to me and as they do, I’m posting it in appropriate categories on the “Taxes Q&A” page above.

To get started, I am posting the first question here and it is on the “Taxes Q&A” page for your future reference.  I hope you find this and future information beneficial.

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Posted by Cherilynn on January 18th, 2010 119 Comments

Dealing With The Wait For A Dinar Revaluation

It’s January 2010 and still no announcement of a dinar revaluation.

Some are saying any day between January 12-21 could be the day, but it could also be another let down.

If you’ve been following this investment for even just a few months, and you don’t have the right mindset in place, you have probably been disappointed several times.

Many people when they first invest in dinar, quickly become frustrated.  They think that  soon after they invest, it will revalue and they will be rich.  Others who have held dinar for several years can still become frustrated and impatient if they are not careful.

With so many rumors going around, it is easy to get caught up in hype, thinking that all your financial troubles will soon be over.  They may very well be, but when?

Perhaps you are in a good place financially but are eager to retire and live a life of ease.

Unfortunately the wait can be difficult no matter what your situation.  If you are not properly grounded in your thinking about this investment, your disappointment can turn to anger and possibly regret at having made some less than wise decisions based upon the hope of a quick return on investment.

Many quit their jobs, neglect paying bills, make monetary promises etc., so sure that the dinar revaluation is about to happen.

I am not saying that it is not going to happen, I believe it will be soon, but you have to be a wise investor of dinar, as with anything else you may invest in.

So what is the right mindset to have in place as you follow this investment?

Below is a list of a few things that I believe will help you deal with waiting for the dinar revaluation.

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Posted by Cherilynn on January 11th, 2010 101 Comments

Trump Big Buy Into Dinar

Well Bubba beat me to it but for those of you who don’t read through the comments, according to this, Donald Trump is a fellow investor in dinar.

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Trump Big Buy Into Dinar

By James A Smith SFO

Trump Big Buy Into Dinar

James A Smith Senior Financial Officer

JAS Financial

Trump Big Buy Into Dinar

United States real estate mogul Donald J. Trump has been diversifying and moving East with his properties and it now appears he is in the Far East buying Dinars, $30 Million U. S. Dollars.

Donald J. Trump “It’s time for all of us to diversify our assets and take back the American dream” . the Donald trump list of investments grows as we speak; Trump Casino, Trump International Hotel, Trump Marina Hotel and Casino, Trump Taj Mahal Casino Resort and Trump Tower, TV Shows, properties in New York, Las Vegas; Chicago; Miami; Los Angeles; the Caribbean; Hawaii; New Jersey; Scotland; Dubai; Dominican east region, Reality Dating the Trump University, vitamin and health products and now the New Iraqi Dinar.

“It’s time for all of us to diversify our assets and take back the American dream”. Donald J. Trump

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Posted by Cherilynn on December 23rd, 2009 130 Comments

Are You Prepared For Dinar Revaluation?

In a recent post, “Preparing For Dinar Revaluation“, we discussed the need to be prepared for the Iraqi dinar revaluation.  We talked about two things that should be done before it happens,

1.  Decide on your cash in location

and

2.  Consult a CPA, tax accountant and/or tax attorney

For quite some time, I have been diligently and prayerfully searching for financial/tax professionals who can help with the many facets of managing wealth.

With an investment as unique as this, those who serve in this capacity must be well versed and educated about the dinar particularly as an investment.

I have found two teams of financial professionals who, as I am writing this, are researching the dinar investment in preparation for handling investors who will need these specific services.

These people can help with Charitable Tax Planning, portfolio set up, establishing entities, asset planning/protection, IRS, legal advice and more.

One of these teams is a group of tax attorneys who are at the top of their game.  They specialize in the legal side of managing wealth as it relates to the IRS, capital gains etc.

They provide cost effective solutions for resolving current tax debts, as well as protect bank accounts, accounts receivable, business assets, personal assets, and wages from levies, garnishments and seizures.

From thousands of past cases, they enjoy a 100% success rate as well as a perfect BBB rating.

For security purposes, the company owner asked me not to post their information on this blog, however, if you are in need of securing these kinds of services and would like more information about this company, simply fill in the form below.  I will be sure to get you the necessary information.  You will not be contacted or bombarded with unwanted mail.

Don’t hesitate if you don’t have funds available now to hire.  You can at least gain information, educating yourself for when you do.

Also, if you know of good professional resources that are competent, reliable and trustworthy, please feel free to leave a comment (get their permission first) or contact me with details.  Together, we can make the most of our investment and enjoy the fruits of it for generations to come.

Many believe the dinar revaluation will happen before Christmas.  As usual, we can only wait and see.  In the meantime, lets be prepared.

Cherilynn
www.dinarinfo.net
Technorati

Posted by Cherilynn on December 17th, 2009 57 Comments

Helpful Insight On The Dinar RV

The following was shared as a recent comment.  In my opinion, it contains some of the most informative, interesting and encouraging insight I’ve read on the dinar rv I’ve read in a while.

For the benefit of new investors, as well as not so new investors, the author has graciously given me permission to share it here as a featured post.  I am sharing it as is.

Enjoy!!

Just some concepts to keep in mind as we watch the events unfold and the weird way things seem to be going.

First, money:

There are basically two types of money; money based on the strength of an economy like the US, and money based on valuable commodities like oil, gold, etc., like Kuwait, Saudi, and at present Iraq, potentially.

The value of the USD is based on our ability to produce goods and services.

The value of the KWD (Kuwait), for example, is 95% based on the value of the oil in the ground being pumped and sold. Iraq, right now, has now valued its money on the value of its commodities of which they have an abundance (oil, gold, other minerals, agriculture and a host of other valuable things the world wants).  BUT, Iraq WANTS to have an economy on which to base its money because having a viable economy is MORE stable than simply pumping oil.  When the oil runs out, their money becomes worthless again.

Second, International Politics:

The US and Iraq are tied together, the US$ is Iraq’s international money. They want their OWN international money.

China wants to dethrone the US$ as the global currency so they are pushing buttons with the IMF to revalue the IQD at a LOW rate which will weaken the US$.  But they can’t let the US$ get too low, or their exports will become expensive and they will lose market share in the US.  They are conspiring with Russia and Iran to screw the US$ internationally.

Third, US politics:

As the US deficit and debt grow our money becomes less valuable internationally.  A good Iraq RV will boost the US$ big time and blunt the Chinese efforts to screw us.  This just happened with Dubai.

The
Dubai problem is centered in the

..

which effects the EURO.  US banks are not heavily into Dubai, thus with the Dubai possible default international money is flocking to the US and increasing the value of the US$ against the EURO.  The US took a 6.5% bump up since the Dubai real estate problem became public.

This means that the IMF efforts to pin the Dinar to the EURO (the
$1.49 RV) is weakened by the stronger US$ which makes the Iraqi desire for a HIGH RV in US$ more probable and more feasible.

International Trade:

Iraq WANTS to establish an economy based on more than their oil, gold, and natural gas so they have to get into the international market systems.  To do this they MUST have a currency with real value.

The sooner they do the RV, the faster they will be able to build their economy.

They have taken the steps necessary to begin this process, but still need the revalued currency.

So right now, we know a few things.

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Posted by Cherilynn on December 6th, 2009 108 Comments