Iraq Investments

Tuesday, June 14, 2011

75th Show

Please any Questions: send to breitlingcurrency@gmail.com I will get to your questions as soon as possible by personal e-mail, blog post or audio "If you Knew you could not fail, what would you try today?" Phillippians 4:13

74th Show

Monday, June 13, 2011

73rd Show

72nd Show

8Ball Chat

11:20 AM [8ball] I think that for every good article the pessimists in Iraq belt out 2 or 3
11:20 AM [8ball] Maliki needs the UN support
11:20 AM [8ball] obviuously for lifting chapter 7 and releasing the DFI
11:21 AM [RDog47] and for UN support, he needs to fracking RV . .
11:21 AM [8ball] But also to help with organizing
11:21 AM [8ball] and to help detect corruption
11:22 AM [8ball] I do believe that the RV is done when the government forms
11:22 AM [RDog47] Maliki needs to be able to detect corruption . . the mob doesn’t like competition . .
11:22 AM [8ball] The security ministers, and Erbil agreement
[8ball] Well they have systems to detect curruption at the Government level
11:23 AM [8ball] how much came in and what was bought
[8ball] the meeting is being prepared for meeting Allawi and Maliki over Erbil
11:24 AM [8ball] By Barzani
[8ball] this is to happen in two days…. the meting
11:24 AM [8ball] meeting
1:25 AM [RDog47] Kurds again playing Kingmaker . .
11:25 AM [8ball] There is reference that an important set of laws will be going through tommorow….tonight
11:25 AM [8ball] Yes the Kurds want to return Iraq to prosperity
11:25 AM [8ball] the world is waiting
11:26 AM [8ball] The world has helped with Iraqs debt
1:26 AM [8ball] now they are waiting for Iraq to finish what it started
1:26 AM [8ball] Erbil agreement will cause the government to gel
11:27 AM [8ball] So unfortuately a few more days
11:27 AM [8ball] ok
[8ball] I am thinking that if they would form the government we should see it between June 15th to June 30th plus one
11:28 AM [8ball] July 1st area
11:29 AM [8ball] June 30th being the big date for us
11:29 AM [8ball] with DFI protection disolving
[8ball] RDog47 — about our debt ?
11:30 AM [RDog47] Yep
11:30 AM [8ball] Well I’m sure that the two are intertwinned
11:30 AM [8ball] wwith the Asian curencies also
11:30 AM [8ball] Which if you have been following the Diector of the IMF’s stops over the last month
[8ball] He has been in the Asian countries meetings
1:32 AM [8ball] G20 came up with currency agreement which takes place on June 30th in November
[8ball] Which will cause the IMF to have the power to chnage the value of the currency relative to the trade imbalance
[8ball] Rather then the …..how low can you go….. attitude…..
11:33 AM [8ball] to be competitive
[8ball] to be competitive
11:33 AM [8ball] which the Asian currencies have hit bottom
[8ball] And the USD has been articially held up by the Asians to continue trading with the US
11:34 AM [dmitch] so has the US….we’re pretty much in the same sinking ship
[8ball] The US is the consumers
11:34 AM [8ball] So adjustments have to be done
[8ball] So adjustments have to be done
11:35 AM [8ball] how it turns out is unknown
11:35 AM [8ball] Or how it will roll out
11:35 AM [8ball] Whether it will be done immediately
11:35 AM [8ball] or over time
11:35 AM [RDog47] Thanks, that confirms other stuff I’ve heard . . dots are being connected . . .

Please any Questions: send to breitlingcurrency@gmail.com I will get to your questions as soon as possible by personal e-mail, blog post or audio "If you Knew you could not fail, what would you try today?" Phillippians 4:13

70th Show

Sunday, June 12, 2011

Dinar Daddy: Making Sense of the Numbers

I continually receive emails for different people who struggle to understand what the “dropping of the 3-zeroes” means, and how all this could play out. I’m re-posting this post of mine that I put up here on the site a few months back to help quel the tide if questions, concerns, and emails. I hope this helps. Tie THIS post in with my “All the Possible Outcomes” post (you can access that post by clicking HERE), and you should have the full picture of how I feel about this investment. G0 Dinar! – DD

All,

From the moment I’ve been in this investment even until now, the debate of LOP versus RV has been raging. That very argument is what drove me and thousands of others AWAY from Investors Iraq (IIF), as it appeared it was absolutely overrun by those who felt it was their mission to squash the hopes and dreams of other investors. I am sharing this with the permission of those who have helped bring me this concept to light, from several legitimate economists and very sharp minds, their perspective to help each of you understand this dilemma.

I don’t know about you, but I’ve been told time and again by those who are absolutely in a position to know that this will NOT be a LOP, but will be a straight-up RV, yet I found myself not being able to refute the arguments of those who brought only “part of the truth” forward, using the “numbers” to their advantage through logical focus on that which was clearly understood. This post of mine is dedicated to explaining how an RV will happen.

CONCEPT EXPLAINED:

First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.

If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.

Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

Oil Now Enters the Picture:

At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

How the CBI “RECAPTURES” the Money:
The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Other Factors that Strengthen Iraq’s Position and Ability to RV:

DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.
CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.
Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.
Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.

There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10
Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.
US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000
CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”
Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20

This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10!

Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

Go Iraq… Go Understanding… Go RV… Go Dinar!

Dinar Daddy

Saturday, June 11, 2011

69th Show

68th Show

67th Show

Friday, June 10, 2011

66th Show

Keep getting questions on if i am still on for this month

All,

In my opinion this month is the best window we have ever had, no reason NOT to think so at this point, if it DOES go past June we will find the next window, very simple. this is not a get rich quick investment. as you can see with Iraq, this is a very tuff process, nothing to be scared of, just takes time. I am on the road I will have my audio's up, and I will be doing some spacial talks next week on this investment and how to think and approach this strategically. I want to again thank all of you for your support.

Your biggest fan
Breitling

Please any Questions: send to breitlingcurrency@gmail.com I will get to your questions as soon as possible by personal e-mail, blog post or audio "If you Knew you could not fail, what would you try today?" Phillippians 4:13

65th Show

Meeting of the Kuwait - Iraq to coordinate the process of handing over the remains of Iraqi soldiers found near Abdali

Meeting of the Kuwait - Iraq to coordinate the process of handing over the remains of Iraqi soldiers found near Abdali

08-06-2011 | ( (Voice of Iraq) - the research team completed its mission with great success amid record heat and ambiance of the giver

كتب عبدالله النجار وعبدالرزاق النجار: Books and Abdul Razak Abdullah Al Najjar Najjar:

Finished the research team, the Kuwaiti component of men the General Administration of Criminal Evidence and the Commission on the prisoners and missing persons task to extract the remains of Iraqi soldiers who were killed by coalition forces during the liberation of Kuwait from the brutal invasion with great success after total remains that have been extracted in the Abdali area 32 the remains.

In this regard, a meeting later in the annexation of the two sides of Kuwait and Iraq such as Kuwait, where the retired Brigadier General Mujbil Mutairi for the Committee on prisoners of war and missing in the head Colonel Hammad Anzi, director of the forensic team the General Administration of Criminal Evidence During the meeting, they discussed the issue of delivery of the remains of Iraqi soldiers with the Iraqi side After checking and making sure they belong to dead Iraqis to be a handover to the Iraqi side under the supervision of representatives from the U.S. and British embassies in Kuwait and the Red Cross The Iraqi side expressed his admiration for the research team of Kuwait and spoke highly of the experience enjoyed by members of the team activity and highly motivated and the responsibility carried by the team in the process of exhumation, especially during the day in hot weather and under a blazing sun.
جريدة الوطن Al-Watan

Presidency of the Council of Ministers continue hearings to projects that were completed and future plans of the ministries

Presidency of the Council of Ministers continue hearings to projects that were completed and future plans of the ministries
09 June, 2011 12:58:00

Transport Minister Hadi al-Amiri through the public meeting of the Council of Ministers to discuss the achievements of ministers during the period of one hundred days and future plans confirmed to start taking active part in building the port of Faw, indicating that it was determining the actual location of the port and address the ministries affairs itself, as well as plans to provide the funds necessary to finance the project .
The scenes of the statement

For his part, Prime Minister Nouri al-Maliki's speech by the Minister of Transport, demands him to find solutions to the issue of delayed flights of pilgrims, calling on the Ministry of Transport to adopt the entire topic.
The scenes of the statement

Maliki also revealed the existence of a complaint by the experts, delegates and traveling through Basra International Airport, due to the delay before entering the country, and reiterated his request to the Ministry of Transport to find a solution to the pilgrims.
The scenes of the statement

For his part, Health Minister Hamad Al-Majid Amin said that during the Hundred Days was the ministry's plan aims to reduce deaths in children and pregnant women and adopting a national policy for the provision of medicines and the introduction of modern Technology to state hospitals.
The scenes of the statement

Iraq’s foreign assets may triple in 2015

Iraq’s foreign assets may triple in 2015
Country’s GDP to surge 11% in 2011 and deficits to turn into surpluses
By

* Staff

Published Thursday, June 09, 2011

Iraq’s official foreign exchange reserves gained around $six billion in 2010 and they could triple by 2015 if oil prices remain strong and the Gulf country pursued an ambitious crude output expansion plan, according to a Western study.

Iraq’s oil production has already surged by more than 300,000 barrels per day during the first quarter of 2011 and a further rise will ally with high crude prices to boost growth in its real GDP to 11 per cent from only 0.8 per cent in 2010, said the study by the Washington-based Institute for International Finance (IIF).

In nominal terms, the economy of the conflict-battered Arab nation is projected to gain nearly $34 billion in 2011 and could swell further by $13 billion in 2012.

From round 2.36 million bpd through 2010, Iraq’s crude output surged to an average 2.7 million bpd in the first quarter of 2011, IIF said.

Assuming consumption of oil increases by five per cent a year, Iraq’s exports of crude in 2011 are projected at 2.15 million bpd, it added.

The report said the increase in oil production is in response to strengthened global demand occasioned by Libya’s shortfall, adding that it was also supported by three successful bidding rounds held since 2008, which drew in international oil companies to develop or rehabilitate Iraq's vast oil fields.

It noted that Iraq, which controls the world’s third largest proven oil deposits, has set ambitious plans to increase crude output to 11 million bpd by 2020.

But IIF said it believes that target is unlikely to be met, adding that the country’s oil production could gradually rise to around 4.5 million bpd by 2015.

The sharp increase in oil production, combined with higher crude prices, will shift the external current account and fiscal deficits of 2010 to large surpluses of 7.6 and 6.4 per cent of GDP, respectively, in 2011, according to the study.

“Overall, real GDP is projected to grow by 11 per cent in 2011 as a result of the large increase in crude oil production. Growth in nonoil real GDP will depend on improvements in the security situation,” it said.

“If oil prices remain above $100 per barrel, and if the country’s crude production continues to increase over the coming years to about 4.5 million bpd by 2015, then Iraq’s official foreign exchange reserves could almost triple, rising from about $50 billion at the end of 2010 to $143 billion by 2015, equivalent to 78 per cent of projected GDP, or 15 months of import cover.”

The report estimated Iraq’s GDP in current prices at around $80.7 billion in 2010 and expected it to swell to $114.4 billion this year and $127.1 billion in 2012.

It said the surge in real GDP would be mainly a result of higher oil output as hydrocarbon GDP will likely soar by 16.6 per cent in 2011. Non-oil GDP is forecast to rise by nearly 4.5 per cent, it added.

The report put inflation in Iraq at about five per cent in 2010 and forecast it to rise to six per cent in 2011 before edging down to five per cent in 2012.

It expected the country’s external debt to plunge from around 107.7 per cent of GDP in 2010 to 64.2 per cent of projected GDP in 2011 and about 45.8 per cent in 2012. The sharp fall will apparently be due to financial surpluses during 2011-2012 and a surge in the country’s GDP.