A Great Iraqi News Day

OK friends this is what I call a great Iraqi News Day. I will recap it already and it is still early there and more will surely come out.

I will lead off with my pick of Article of the Day: Because of this article we finally know why parliament was delayed and it’s not because of Maliki, lol.

Quote: "the most important reasons that led to the postponement of meetings of the Council is the insistence of Congress Kurdistan Alliance to take the vacation period of a week after the feast," noting that "the PKK was aspires to such leave since a long time"

Quote: "The other reason which led to postponement of hearings is to travel Speaker Osama Najafi to London for the purpose of conducting an operation in the ear after he was injured in the terrorist bombing that occurred within the parliament earlier,"

We are also getting more confirmation that parliament will return next week on the 20^th.

Quote: Presidency of the Council of Representatives decided earlier to be the 20th day of the month of August is the next date for the resumption of meetings of the Council.

Links: STRYKER'S ARTICLE OF THE DAY: سنجري: Kurdistan and Najafi were behind the postponement of parliamentary sessions to 20 this month

Here is an interesting quote but yet it confirms that in fact Parliament will meet next week: The head of the Iraqi List, Free Qutaiba al-Jubouri said that "the Presidency of the Council of Representatives has informed all members of the House of Representatives to hold its next meeting on the twentieth of this month, without specifying the paragraphs of the agenda of this meeting." 

This article covers a lot of opinions of what they could be talking about but as the quote above states they haven’t set the agenda.

This will be the 12^th meeting of the Council of the first legislative term for the fourth legislative year, so they are still in the current legislative session no matter what others have written.

Read this article to get a better idea of what these topics could be. I know it's not what we are looking for as topics but as this says, the agenda is not public yet either.

Link: Looking setback Parliament security and listens  to the Minister of Justice next week

This is a few quotes from one of Maliki’s members of parliament:

Quotes: A member of the block United Iraqi coalition/MP Khalid Al-alwani, the parliamentary session will see the adoption of the controversial laws, including the Federal Court and the General Amnesty and parties.

Quote: He added: in front of the Council House current legislative term which “ends in months”, and also there is a new chapter, there are important laws, including the Council approve the service and the Federation Council, Federal Supreme Court, infrastructure and general amnesty, parties and many other laws

Two Real important things are in this article if true.

1) It looks like this legislative term could go on for months.

2) Because of the needed passage of the important laws.

Link: Khalid Al-alwani: current session would witness the adoption of the controversial laws, including the Federal Court

There are many articles today that state that there is going to be another National Meeting in the next few days, here is a quote I really like:

Quote: "hold that any meeting between the leaders of the political blocs will leave a positive impact on the psyche of the citizens, and will contribute to improve the political and security situation in the country, noting that" the Forum held the national will contribute to the convergence of views between the political blocs and remove tension between .

Link: Deputy for the law excludes the National Forum held in the coming period

Here is one that either means that the National Meeting will be held next month or if in the case of many statements he could be referring to this month. (Next sometimes means This)

Quote: "Deputy mass sent invitations to leading political blocs to participate in the forthcoming national meeting next month"

Link: Send invitations to block political blocs to participate in a national meeting

Here is proof that the Committees are working to resolve the stalled laws.

Quote: the next meeting of the committee will resolve the discussions proposed general amnesty law, noting that most of the paragraphs was agreed upon.

Quote: "Committee of Five held two meetings during the past few days and _khassthma to discuss a proposed general amnesty law, and will be assigned the next meeting of the Commission for the completion of discussions of the proposed law and submit it to the Cabinet in the event of response of the National Alliance on a proposal of the Iraqi List." 

Quote: "the majority of the paragraphs in the proposed general amnesty law agreed within the Committee of Five,"

There are many more positive articles out today and you can visit them on our Dinar Related News page. All titles are hyperlinks into the forum where you can read what others have to say on these articles and more.

http://strykerblog.com/Dinar_Related_News.html

Have a good day,

Stryker

Iraqi Dinar Terminology

A few terms to know when you read comments from other dinar holders so you are not in the dark.

Monetary Terms

The following are basic terms concerning a monetary System (I will break the meaning of Monetary Systems, Exchange Rate Regimes and others down in my next few Blog)

Revaluation – means a change of a price of goods or products. This term is specially used as revaluation of a currency, where it means a rise of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a revaluation.

Devaluation – means a decrease of a price of goods or products. This term is specially used as devaluation of a currency, where it means a decrease of currency to the relation with a foreign currency in a fixed exchange rate. In floating exchange rate correct term would be appreciation. Altering the face value of a currency without changing its foreign exchange rate is a redenomination, not a devaluation.

Stryker Blog 08.06.2013: Floating Exchange Rate Regime And Who Uses It?

Deleting the zeros and other terms concerning the 3 zeros:

Deleting zeros – a term used by Central Banks of countries when they take zeros away from a currency. Russia, Turkey and other countries have just deleted zeros from their currencies to make cash transactions easier.

Removing zeros – can be used the same way as deleting zeros or they can be referring to this when talking about removing the larger zero notes from circulation, or removing from their money supply.

Lifting by 3 zeros – this has been used as well and has been used when talking about purchasing power. Example: Lifting the purchasing power by 3 zeros.

Raising by 3 zeros – again normally used when they talk about the purchasing power.

Slang Terms

Pumping or Pumpers – ones that try to pump sales of the dinars, always coming up with stories to keep people hyped up on the investment by calling the revaluation time after time, etc..

Lop – a slang way of saying deleting the zeros, a negative term that has been adopted by the dinar community. Normally used by Lopsters!

Lopster – a person that only believes that the dinar will not increase in value once the Central Bank of Iraq deletes the zeros or as they say lops the zeros.

“Drinking the Kool-Aid” – the reference to drinking Kool-Aid is used by myself, speculator’s and yes the Lopster’s when referring to people that follow pumpers / guru’s. The Lopster’s though will even say this about the ones like us that look at the facts.  

"Drinking the Kool-Aid" is a metaphor commonly used in the United States that refers to a person or group holding an unquestioned belief, argument, or philosophy without critical examination. The phrase typically carries a negative connotation when applied to an individual or group. The phrase derives from the November 1978 Jonestown Massacre where members of the Peoples Temple, who were followers of the Reverend Jim Jones, committed suicide by drinking a Kool-Aid-like drink laced with cyanide.

We see these people when they follow a self-proclaimed guru and they refuse to look at the facts (where is Iraqi right now and what needs completed before they can logically revalue their currency). These people have been known to have Drink way to much of the guru’s Kool-Aid but nothing can make them look at the logical side of this investment.

Real Minded Speculator’s -  this is a term I came up with: the ones that believe we have a good chance of the CBI increasing the value at the same time as they delete and remove the 3 zeros by exchanging the larger 3 zero notes with notes that will be less by 3 zeros. We believe that the dinar has been kept undervalued until the time they implement currency reform. We believe that they will increase its value at an equal time that they redenominate with currency with less 3 zeros. Increasing the value of all dinars, new and old. What rate is still to be determined though.

Here are a few of my past Blogs that will help you understand more of the nuts and bolts.

Stryker Blog 07.11.2013 On The Iraqi Dinar: Understanding Iraq’s Economy over the last 3 Plus Decades 

Stryker Blog 07.13.2013 On The Iraqi Dinar: Currency Redenomination "with an equal step” Revaluation or Appreciation

I will add more on tomorrows Blog so not to throw too many at you at one time.

Here is my articles of the day yesterday because I have yet to find one today, news is on the light side:  ARTICLE OF THE DAY: A new security system in Baghdad next month

I hope you can join RSS and myself tonight on Stryker WebTV, we will talk about the upcoming parliament meetings

Have a great evening,

Stryker

Iraqi Dinar

Scam or No Scam?

I will get the terminology Blog finished and out next but I thought that this one needed to be next.

One of the first things that people often say about the dinar is that it is a scam. Other non-informed people will say things like this: It has not increased in value in 10 years or that Iraqi will declare it worthless.

There are many more but these are all wrong, the dinar is a real currency with real value. It has increased in value over the last 10 years from 1411 dinar in-exchange for $1 US dollar to where it is now: 1166 dinars to $1 US dollar.

In thousands of articles read by me and many others, there has never been any announcement or indication of Iraq making their currency worthless. The Central Bank of Iraqi has never had one press releases along these lines, nor the Republic of Iraqi’s Government or any other official publications included but not limited to the Iraqi Parliament and or its members.

The scam though, like any other real commodity has its share of people ready to capitalize on the uneducated. What you should be looking out for are the ones selling the old Saddam dinars, here are a few pictures for reference: 

 

Now here are the real Iraqi dinars 

The Iraqi Dinar

For those that are just finding out about the Iraqi Dinar, my name is Steve Sanderson or as I am known on the internet when it comes to the dinar Stryker. I am going to be doing a series of blogs these next few weeks tailored just for you.

These blogs will be informative and educational at the same time, to bring an awareness to the unaware. First in foremost this is a real investment, with read people that has real facts that will help you along if you wish.

There are many websites that will try to convince you that they have intel, boots on the ground in Iraqi. They say that they know all the right people in all the right places but yet they can’t tell you who these people are, what they do, how to get ahold of them so you can verify it to be true.

They call the revaluation of the Iraqi Dinar (RV) almost every week, it will be showing on bank screens that weekend and that we will all be cashing in on Monday, for that Monday to come and go with in fact no RV.

Oh, but they will have an excuse, one after another, it’s Obama’s fault, the Chines or even Iraqi Prime Minister Maliki that has stop it, at the last minute.

See folks, we have heard these and many more over the years, like there will be a three tier system that will be cash out people in stages starting with the elite or they will call them the whales or big money people. Then charities that hold dinars under a 501c3 that do work as humanitarians and then yes last but not least us, the common, no bodies will be the last tiers that get to cash out.

They will be creative in their writings or as our friend John (Scooby) in Kuwait calls them, the creative writing team. They always come up with something that is just far enough out there to be believable.

The problem is you end up on an emotional rollercoaster ride. You get your hopes up, they will even have you visualizing that you are going to be rich tomorrow but when it comes and goes they will be sure to have someone that will be right there. Someone to pick up the pieces and making you feel that it was in fact someone else’s fault that has caused it to be stopped, never their made up intel though.

Some even have a good guy and a bad guy thing going on. The bad guy is the guy that called the RV every week and when it does come true the good guy is the one that gets mad at you for questioning the bad guy that called it.

The good guy will say something like this, he is only trying to help, at least he shares his intel, if you don’t like it go somewhere else to find your intel. Or, I told you that I try to stick to the facts but all along knowing if they can pass it off good enough you will come back over and over, time after time for more because they are the only ones that know what they are talking about.

These are all the reasons I started looking at the facts years ago, the documents and public records that at least gave us some real insight of the truth.

This is a real investment with real people and in this series of blogs I will be targeting the newcomers to this investment. I will try to save you time and at the same time the emotional rollercoaster we have all been on, one time or another with these same type people or as I call them, self-proclaimed gurus.

Tomorrow’s blog will cover terminology and the basics of this investment and in all the blogs I will share my article of the day pick.

Today we see another article that quotes Attorney Khalil Mahma, Member of Parliament calling for currency reform once again.

Link: Mahma Khalil calls for central bank currency restructuring project

I hope these will save people the hours that some of us have lost and the time that we will never get back in our short lives.

Have a great day,

Stryker

http://strykerblog.com/

Questions: info@StrykerBlog.com