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REBUTTAL TO NENO @ DINAR TRADE, RE C.C. ON DINAR .PLUS REPLYS FROM BONDLADY'S SITE AND A FINAL POST FROM PROTEUS !!!  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

REBUTTAL TO NENO @ DINAR TRADE, RE C.C. ON DINAR .PLUS REPLYS FROM BONDLADY'S SITE AND A FINAL POST FROM PROTEUS !!!

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REBUTTAL TO NENO @ DINAR TRADE, RE C.C. ON DINAR .PLUS REPLYS FROM BONDLADY'S SITE AND A FINAL POST FROM PROTEUS !!!  Empty REBUTTAL TO NENO @ DINAR TRADE, RE C.C. ON DINAR .PLUS REPLYS FROM BONDLADY'S SITE AND A FINAL POST FROM PROTEUS !!!

Post by Just Da Truth Mon Jun 25, 2012 1:53 am

To begin with:
I would like to THANK Bondlady for allowing NENO to have his rant...
as everyone deserves to voice their opinions and perspective as they feel if reflects...

Secondly,
I would again like to THANK Bondlady for allowing me to voice my rebuttal to this situation...

I firmly would like everyone that reads this to understand that there are 2 sides to every coin,
and that any investor needs to look at both sides, not just the shiney side of the coin...

In most business and prudent situations, when considering a business plan, or game plan for ones investments you must always think about the WORST CASE SCENARIO... AND AS SUCH, we presented the WORST CASE SCENARIO of our investment... many people that do not have the FLU still get flu shots ahead of time to prevent getting sick, and as such, we presented the hard side of this investment, which is not guaranteed to happen as we presented it, but it should still be reviewed as a prudent investor...

PLEASE BE ADVISED that this is my opinion of a worst case scenario,
and I am not saying that we will not be able to cash in... just it is something to consider...


To begin with I am not sure how many of the listeners to our call have actually read the CBI BANKING LAW, but here is the entirety of the CURRENCY Portion(section 7) of the law...

(BELOW ARE THE FACTS, in EXACTNESS of the CBI LAW, my OPINIONS are in RED)

SECTION 7 - CURRENCY

ARTICLE 31 - Unit of Currency
The National Monetary unit of Iraq shall be the DINAR.


Article 32 - Issuance of Currency.
1. The CBI shall have the exclusive right to issue banknotes and coins INTENDED for CIRCULATION in Iraq. Banknotes issued under this Article shall be the first charge on the assets of the CBI. The CBI shall make appropriate arrangements for the issue of its banknotes and coins for circulation in Iraq. Banknotes and coins issued by the CBI and intended for circulation in Iraq are not: promissory Notes, Bills of Exchange, or any other type of commercial document under the applicable commercial law, and the CBI is obligated to honor them only as provided for in this Law.
(now my opinion: by verbatim in this law the intention of Iraqi currency is not for export purposes, it was designed for internal usage, and it is not an international instrument: like a promissory Notes, Bills of Exchange, or any other type of commercial document under the applicable commercial law... unlike our USD's that say this note is legal tender for ALL DEBTS public and private, the Dinar does not say this on it!. This is what i said on the Conference Call, and I did not mean anything other than that statement due to the above article of CBI LAW!)

2. Only banknotes and coins issued by the CBI that have not been demonetized shall be legal tender in Iraq.
(More opinion... here is states again the reference to being legal tender in IRAQ, not internationally)

3. The CBI shall be responsible for the supply of Iraq's banknotes and coins and shall endeavor to maintain the availability of an adequate number of banknotes and coins in all regions at all times.


Article 33 - Printing of Banknotes and minting of Coins, accounting treatment of currency issued.
1. The CBI shall determine by regulation the denominations, measures, form, material, content, weights, designs, and other features of banknotes and coins. The Plates necessary to print or mint the currency and the intellectual property rights to the designs of the currency shall be the property of the CBI.
(Opinion Again... Here is states that the CBI shall determine through REGULATION the denominations, weights, content, and Designs of the Currency we have heard this from the CBI, SHABIBI and SALEH, so why would I doubt what they say if they are following the CBI laws to the exactness of the law,)

2. The CBI shall arrange for the printing of the banknotes and the minting of coins and for the security and safekeeping of banknotes and coins that have not yet been issued.
(Opinion Again... Here they say they will pay for the printing and we have heard from the CBI, that they will adsorb the 150 million that it will cost for the printing of the new currency, again I must believe them as it is in the CBI LAW)

3. The CBI shall be exclusively responsible for the safe and secure destruction of banknotes and coins and for the custody and destruction, as may be necessary, of plates, dies, and retired banknotes and coins. The CBI shall the exclusive right to melt coins and to sell the metal derived thereby.

4. Upon request by any individual or entity, the CBI shall exchange, free of charge or commission, banknotes and coins with other banknotes and coins in equivalent amounts.
(Opinion here also... This states that the CBI will exchange notes upon request for EQUIVALENT AMOUNTS, not Identical denominations, but for EQUIVALENT VALUE, which is what we have heard from the CBI, SHABIBI, and SALEH,that we will not loose value in the exchange of our notes... again the statement of the CBI reflect exactly what the CBI LAW states)

5. The aggregate amount of circulating banknotes and coins issued by the CBI shall be noted in the financial statement of the CBI as a liability; such liability shall not include banknotes and coins in the currency reserve inventory.


ARTICLE 34 - Withdrawal of unfit banknotes and coins
1. Banknotes and coins in circulation that are unfit for circulation shall cease to be legal tender. Subject to paragraph (2) of this article, the CBI shall withdraw, destroy, and replace, with banknotes or coins of an equivalent amount, any banknotes or coins presented to it that are unfit for circulation.

2. The CBI may decide to redeem banknotes and coins by by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes and coins shall be issued in the form of a regulation of the CBI specifying the period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presented for redemption.
(Opinion here again... The CBI has stated that they will exchange our notes for the NEW Notes(Monetary Change), they have stated the locations(at the banks, not vendors), and that the time frame would be beginning in 2013 for a period of a year or so(again from CBI's statements...exactly like the CBI LAW is written), So why would I believe anything other than what the law states in black and white?)

3. The CBI shall not be required to provide any compensation for banknotes and coins that were lost, stolen, or destroyed: it may confiscate without compensation any banknotes that have been altered in their external appearance, including particular banknotes that have been written on, painted on, overprinted, stamped, or perforated, or to which adhesive matter has been applied.


ARTICLE 35 - Disposition of Currency
1. The CBI may decide to redeem banknotes and coins by issuing, free of charge, other banknotes or coins in equivalent amounts. A decision to redeem banknotes and coins shall be issued in the form of a regulation of the CBI specifying thew period during which the exchange shall take place and the locations and times at which withdrawn banknotes and coins shall be presented for redemption.
(Opinion here... AGAIN this is a substantiation of what they have said over and over again, they will exchange old for new, during a specific time frame, at specific locations, they keep reiterating this facts... I probably should believe it)

2. At the end of the exchange period, or at any other time specified by the CBI, redeemed banknotes and coins shall be demonetized and cease to be legal tender.
(opinion... I see this as if we do not exchange our notes for the new ones that the CBI is talking about... our old ones will become worthless, I agree, and they have told us this again in many articles...)

3. The CBI shall notify the public, by publication in the official publication, of the banknotes and coins that are legal tender.
(Opinion here also... In new articles of recent origin, the CBI has released detail about the denominations, the designs, the values(a 25k note will be equivalent in value to a 25 dinar note, and so on through the removal of the ZEROS PROJECT) and the reasoning behind the new denominations that will be released in the beginning of next year... so being in the OFFICIAL PUBLICATION that was released... I must believe this also, they are so consistent with the CBI LAW that is in writing, this is not conjecture, not fable, it is very consistent with the published CBI LAW, WHY would I believe anything but this...)


ARTICLE 37 - Freedom of Currency
parties to a contract or any other voluntary undertaking or transaction, including a bill, note, or instrument or security for money, may denominate a payment obligation in any currency agreed upon. Payment in discharge of any debt or liability arising from a contract or any other voluntary undertaking or transaction, including on a bill, note, instrument, or security for money, may be made in any currency agreed upon as the currency of payment, An agreement under this article may be express or implied from the surrounding circumstances including course of dealing, usage of trade, or course of performance.


ARTICLE 38 - Enforcement of foreign currency obligations
a foreign currency obligation may be enforced according to its terms. When a person obtains an order to enforce an obligation in a foreign currency, the order shall require payment of an amount in the currency of Iraq sufficient to purchase the amount of the obligation in the foreign currency at the bank in Iraq at the close of business on the first day on which the bank quotes a DINAR RATE for purchase of the foreign currency before the day payment of the obligation is due to be received by the creditor, provided, however, that if the court determines that such method would, under the circumstances, be inequitable, it shall select a method of conversion that is equitable.
(My Opinion also... this says that in any situation that the courts of Iraq(the legislature if deemed INEQUITABLE will select a method of conversion that is EQUITABLE... so if in your interpretation of the CBI LAWS feel that our receiving 1000 times the value of the Iraqi Dinar that we invested in is correct, then I hope that you are correct, but if you feel that 1000 times profit on a simple note of currency of a little over stated, then I could feel that the expectations of us making 1000 times our investment is INEQUITABLE and the Iraqi Courts could easily select a more EQUITABLE method of exchange... SHABIBI has said over and over again, that the primary purpose of the Monetary change in not to add value to the dinar(that could be a side effect of the process, but the process was designed to make transactions in Iraq easier to complete, by making notes easier to calculate), and also for the purpose of maintaining the currency notes, as it costs Iraq 8% of their GDP to maintain their currency supply(where other countries only expend 4% of their GDP on preservation of the Monetary supply, so Iraq could instantly gain 4% GDP simply by a redenomination of the notes), ALSO, so notes wear out, it requires counting machines, their are mistakes made by tellers, merchants, and it is very cumbersome to deal with the daily things that citizens have to do, and it requires huge amounts of notes to perform the daily needs of the citizens... and this is why the project of removing the ZEROS(000's) was designed... and I firmly believe that when the economy grows the value of the Iraqi Currency will grow also... but not from the exchange project... these are separate issues)

Because of the sheer facts that are listed above, and that no Banks that I know of in the USA will accept the DINAR, and that there are only a handful of Brokers located in this country that will, this is why I suggest that anyone having continued interest in this investment, Please utilize a REPUTABLE ESTABLISHED BROKER to facilitate your needs, as Ebay Dealers will go to the wayside, and backyard dealers will not cash you in... It is the Dependable, reliable, larger companies that I will depend on, and that I hope you will consider, because if this investment goes south for any reason... the smaller dealers will flee like rats in the sewer... so please be safe in whatever you do, and that is the only reason why I go to the full extent of providing my perspective for the consideration and benefit of the community!

I would like to THANK BONDLADY for allowing me to express and clarify my perspective on this situation...

I am as invested as everyone else...
I have not sold out, I am here for the long-run, but I am not afraid to look at both sides of the situation...
and I surely am not afraid to consider what the VERBATIM FACTS of the CBI LAW States...

If anyone has any questions concerning my opinion,
Please just ask, I'll gladly respond...
email me at:
proteus@revalue.us

BEST WISHES,





Proteus

AND PLEASE only hold me accountable for my Opinions and Perspectives....
as other guests have their own opinions,





Proteus wrote:Because of the sheer facts that are listed above, and that no Banks that I know of in the USA will accept the DINAR
FACT: Dinar Trade is registered as a Currency Exchange by the U.S. Dept of Treasury. That means they are licensed to buy and sell one currency for another. The Iraqi Dinar is a legal tender currency. Look up the definition of a currency exchange and you will see it is not classified as one that buys and sells collectibles. Dinar Trade is audited and regulated in their business.

Any information to the contrary within the dinar community forums and chats will only cause chaos amongst it followers, and as you can see... confusion abounds and honestly, it has no bearing.




I turned a million back into the bank within the last 6 months and got $860 minus the $23 fee.. U sure U did your homework on that statement..



It was almost derision and ridicule to the dinar "investors"..your call explicitly and implicity came out an said we were gambling fools at worst, gamblers at best... then went way too far by "joking" about investing in A bandage company because of all the people slitting wrists after hearing this call.

While I kind of can understand the purpose of the call (what was that again?)...OH YEAH ...to just give us all the possibilities out there....David Pratt from U.S dinar bank came out with this crap along time ago...at least he offered a solution. This is no "new" insight by the ReValue team (thinking about the name of your website makes me laugh now..kind of ironic) ...so this is "old news"

You offered very little in the way of possible solutions to the "possible wipe out of our inv..., oh no, not investment, but sheer idiotic gamble.

I think you and your team are better than this...at least I hope so. Remember the Golden Rule and tread a little more gently.....Tell the truth, but serve it up the right way and you will see people drawn to you...


Friends,
I fully agree: "It is easier to catch a fly with honey, than with a hammer!"
and I do agree that some of our guests perspectives are very extreme, and also that the comment of the band-aids was uncalled for even in making a point as it was intended...

I apologize for these as you are right... it was my call, my forum, and regardless the responsibility falls on my back.... and if these comments offended you I am sorry...!

Although,
In some situations,
"Extreme Times Require Extreme Measures!"

without even consideration of the members here, as you are not the average listener,
"If even one Community Member benefited from this call, if even one community member got off the GURU ride, if even one community member abstained from buying reserves and sacrificing the quality of their families existence... Then it was worth it to me, and whatever brunt of this situation that ends up on my back, was worth the benefit of the call...

AND,
I am working on remedies for this situation and protection measures that anyone could utilize to protect the investment they have made, but like any and every investment... their is the chance for loss and gain, and it is a gamble, as nothing in life is a sure bet.... except for death, and even that we have no idea when it will happen....

BEST WISHES,
Proteus

PROTEUS TY FOR UR REBUTTAL, ALSO IT WOULD HAVE BEEN BETTER IF U WOULD HAVE HAD THE SAME AMOUNT OF PEOPLE THAT WERE PRO/CON AS IT WAS WAY LOPSIDED, EVEN THO I DIDNT LISTEN TO IT I SAW THE LINE UP AND KNEW RIGHT OFF IT WAS GONNA BE A BLOOD BATH AND I FELT SORRY FOR SCOOTER HAVEING TO BE IN THE RING OF WHATEVER...SO TO HAVE ALL THOSE ITS NEVER GONNA HAPPEN DEBBIE DOWNER SELL ALL U GOT ITS A SCAM CRAP..U SHOULD HAVE HAD THE SAME AMOUNT OF PEOPLE THAT BELIEVES IN THERE SPECULATIVE INVESTMENT, PEOPLE LIKE US THAT DO OUR HOME WORK DAILY AND CAN MAKE UP OUR OWN MINDS, I MEAN WHY ARE HALF THOSE PEOPLE EVEN HERE IF IT WAS SO DOOMED TO FAIL..SERIOUSLY...GOOD POST REDBIRD...THX ALL....BL


Last edited by Just Da Truth on Mon Jun 25, 2012 5:27 am; edited 1 time in total (Reason for editing : ADD BONDLADY'S COMMENT'S !!!)
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Post by NC227B Mon Jun 25, 2012 8:42 am

Thanks to all the posters that offer another possible side of this "investment".

We need to read and understand that all may not be as we wish... For many years, I was part of Treasurygate. LOL Now a blip on the WGS screen of nonsense.. LOL....we saw more govt tricks and lies than appear on weeks of evening television. I could write better tales than the writers in Hollywood. We were led down many narrow paths ..month after month of connived -intentional misinformation by the PTB. Don't think for one second that anything is different with IQD. Every time a new kink pops it's ugly head up, I feel a deep nausea. One year at Christmas, we were told to stay home...DO NOT LEAVE YOUR PHONE. You will get your call ASN.

We think that we are so smart. One meeting was staged with the purpose of helping a few to plan the closing. Sixteen men and women were completely interrogated with the finesse of a seasoned beauty queen. Two of America's Best picked our brains and ate them. And we said " THANK YOU FOR COMING"

The truth is.....we know nothing. We are simple minded folks. We pray for daily guidance and protection.

This seemed like such a simple investment - IQD for USD.

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Post by Guest Mon Jun 25, 2012 11:16 am

Thanks for that. I wonder how all would take it if they had to go to IRAQ to exchange their money...

Guest
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Post by rick152 Mon Jun 25, 2012 12:16 pm

http://en.wikipedia.org/wiki/Legal_Tender_Note#The_Legal_Tender_Acts


If you go to the link above from wikipedia you will find near the same stipulations for the American dollar so this IMO could be something that someone MIGHT use to get peeps pantys in a bunch.

*****************
Love understands, Love supports, comforts and, cares for. Love forgives. Love also honors, respects and, believes
so please;
Love each other and yourself ...rick152
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Post by Terbo56 Mon Jun 25, 2012 12:20 pm

Negative Nellies are great, aren't they? They don't know nuthin'! And the sad part of it is, they NEVER will!:evil: Mad
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Post by 1alaskan Mon Jun 25, 2012 6:17 pm

"that no Banks that I know of in the USA will accept the DINAR"



Key Bank in 14 states buys/sells IQD

*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant


Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty

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Post by Terbo56 Mon Jun 25, 2012 6:20 pm

TD Bank accepts them as well- Somebody is full of excrement-Their always talking crap- Give us a break already, we know better than that-Mad
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Post by ADMIN Mon Jun 25, 2012 7:22 pm

FACT: Dinar Trade is registered as a Currency Exchange by the U.S. Dept of Treasury. That means they are licensed to buy and sell one currency for another. The Iraqi Dinar is a legal tender currency. Look up the definition of a currency exchange and you will see it is not classified as one that buys and sells collectibles. Dinar Trade is audited and regulated in their business.

Any information to the contrary within the dinar community forums and chats will only cause chaos amongst it followers, and as you can see... confusion abounds and honestly, it has no bearing.

Below is the rest of the thread.... IMO there is enough info to put it to rest... or you can google Kaperoni... and read anything he has researched... and he will present a great argument against the call as well.... -Miskebam


@Proteus wrote:Friends,
I fully agree: "It is easier to catch a fly with honey, than with a hammer!"
and I do agree that some of our guests perspectives are very extreme, and also that the comment of the band-aids was uncalled for even in making a point as it was intended...

I apologize for these as you are right... it was my call, my forum, and regardless the responsibility falls on my back.... and if these comments offended you I am sorry...!

Although,
In some situations,
"Extreme Times Require Extreme Measures!"

without even consideration of the members here, as you are not the average listener,
"If even one Community Member benefited from this call, if even one community member got off the GURU ride, if even one community member abstained from buying reserves and sacrificing the quality of their families existence... Then it was worth it to me, and whatever brunt of this situation that ends up on my back, was worth the benefit of the call...

AND,
I am working on remedies for this situation and protection measures that anyone could utilize to protect the investment they have made, but like any and every investment... their is the chance for loss and gain, and it is a gamble, as nothing in life is a sure bet.... except for death, and even that we have no idea when it will happen....

BEST WISHES,
Proteus

Bondlady wrote:PROTEUS TY FOR UR REBUTTAL, ALSO IT WOULD HAVE BEEN BETTER IF U WOULD HAVE HAD THE SAME AMOUNT OF PEOPLE THAT WERE PRO/CON AS IT WAS WAY LOPSIDED, EVEN THO I DIDNT LISTEN TO IT I SAW THE LINE UP AND KNEW RIGHT OFF IT WAS GONNA BE A BLOOD BATH AND I FELT SORRY FOR SCOOTER HAVEING TO BE IN THE RING OF WHATEVER...SO TO HAVE ALL THOSE ITS NEVER GONNA HAPPEN DEBBIE DOWNER SELL ALL U GOT ITS A SCAM CRAP..U SHOULD HAVE HAD THE SAME AMOUNT OF PEOPLE THAT BELIEVES IN THERE SPECULATIVE INVESTMENT, PEOPLE LIKE US THAT DO OUR HOME WORK DAILY AND CAN MAKE UP OUR OWN MINDS, I MEAN WHY ARE HALF THOSE PEOPLE EVEN HERE IF IT WAS SO DOOMED TO FAIL..SERIOUSLY...GOOD POST REDBIRD...THX ALL....BL

Bondlady wrote:Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed by De La Rue using modern anti-forgery techniques, to "create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives."[3] Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.

These new banknotes led to a new industry of selling the new Iraqi dinar to oversea investors who hoped to profit from Iraq's new currency when the economy improved. The provisional government of Iraq has made this legal, but the banknotes are exchanged at different rates by companies wanting to make profit. Due to the success of this program, though, Iraqi dinar has been widely counterfeited. However, there are six different security features on the 25,000 Iraqi dinar note that one can check for authenticity.[4]

Although the value of the dinar appreciated following the introduction of the new banknotes from 4,000 dinars per U.S. dollar, at the time of their introduction, to a high of 980 dinars per dollar, it is now held at a "program" exchange rate, as specified by the International Monetary Fund,[citation needed] of 1170 dinars per US dollar at the Central Bank of Iraq. However, there is not yet a set international exchange rate and so international banks do not yet exchange Iraqi dinar. The exchange rate available on the streets of Iraq is around 1200 dinars per US dollar.

***********************These new banknotes************ led to a new industry*********** of selling the new Iraqi dinar*********** to oversea investors************ who hoped *************to profit*********** from Iraq's new currency************** when the economy improved.********************************************************************** The provisional government of Iraq************************ has made this legal,**************** hmmm just where am i goin with this lol....BL http://www.bondladyscorner.com/t35319-historyiraq-dinar now add that to president bush's presidentual order 13303 allowin all usa citizens to invest in iraq...to be able to invest in a country there currency represents there country.... so be it.........BL

Miskebam wrote:
Bondlady wrote: now add that to president bush's presidentual order 13303 allowin all usa citizens to invest in iraq...to be able to invest in a country there currency represents there country.... so be it.........BL

WAY TO GO... HERE IS THE WORDING FOR THOSE THAT HAVE NOT INVESTIGATED IT FOR THEMSELVES... Smile

Presidential Order 13303:

Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following:

(a) the Development Fund for Iraq, and

(b) all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons.


Sec. 2. (a) As of the effective date of this order, Executive Order 12722 of August 2, 1990, Executive Order 12724 of August 9, 1990, and Executive Order 13290 of March 20, 2003, shall not apply to the property and interests in property described in section 1 of this order.

(b) Nothing in this order is intended to affect the continued effectiveness of any rules, regulations, orders, licenses or other forms of administrative action issued, taken, or continued in effect heretofore or hereafter under Executive Orders 12722, 12724, or 13290, or under the authority of IEEPA or the UNPA, except as hereafter terminated, modified, or suspended by the issuing Federal agency and except as provided in section 2(a) of this order.

Sec. 3. For the purposes of this order:

(a) The term "person" means an individual or entity;

(b) The term "entity" means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization;

(c) The term "United States person" means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any juris-diction within the United States (including foreign branches), or any person in the United States;

(d) The term "Iraqi petroleum and petroleum products" means any petroleum, petroleum products, or natural gas originating in Iraq, including any Iraqi-origin oil inventories, wherever located; and

(e) The term "Development Fund for Iraq" means the fund established on or about May 22, 2003, on the books of the Central Bank of Iraq, by the Administrator of the Coalition Provisional Authority responsible for the temporary governance of Iraq and all accounts held for the fund or for the Central Bank of Iraq in the name of the fund.


Why bother even putting that on paper if there was nothing to come of it... and since they DID put it on paper....

This tells me that I have interests in Iraq Petroleum, but ONLY because I am in possession of their financial instruments.

Shredd wrote:Definition of 'Financial Instrument'

A real or virtual document representing a legal agreement involving some sort of monetary value. In today's financial marketplace, financial instruments can be classified generally as equity based, representing ownership of the asset, or debt based, representing a loan made by an investor to the owner of the asset. Foreign exchange instruments comprise a third, unique type of instrument. Different subcategories of each instrument type exist, such as preferred share equity and common share equity, for example.

Investopedia explains 'Financial Instrument'

Financial instruments can be thought of as easily tradeable packages of capital, each having their own unique characteristics and structure. The wide array of financial instruments in today's marketplace allows for the efficient flow of capital amongst the world's investors.

http://www.investopedia.com/terms/f/financialinstrument.asp#ixzz1yqNY7fYF


Definition of 'Instrument'

1) A tradeable asset or negotiable item such as a security, commodity, derivative or index, or any item that underlies a derivative. An instrument is a means by which something of value is transferred, held or accomplished.

2) An economic variable that can be controlled or altered by government policymakers in to cause a desired effect in other economic indicators.

3) A legal document such as a contract, will or deed.


Investopedia explains 'Instrument'

1) Basically, any asset purchased by an investor can be considered a financial instrument. Antique furniture, wheat and corporate bonds are all equally considered investing instruments; they can all be bought and sold as things that hold and produce value. Instruments can be debt or equity, representing a share of liability (a future repayment of debt) or ownership.

2) Commonly, policymakers and central banks adjust economic instruments such as interest rates to achieve and maintain desired levels of other economic indicators such as inflation or unemployment rates.

3) Some examples of legal instruments include insurance contracts, debt covenants, purchase agreements or mortgages. These documents lay out the parties involved, triggering events and terms of the contract, communicating the intended purpose and scope.


Read more: http://www.investopedia.com/terms/i/instrument.asp#ixzz1yqOHrYGk

In my banking/finance/investment experience, it's a little bit of a stretch to call a currency a financial instrument BUT I will say that in the context of speculation being considered an investment, the correlation can be made. Again, perhaps a bit of a stretch but if the intent was there by the writer, it's all good.

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Post by Guest Mon Jun 25, 2012 7:45 pm

Some people seem to be back peddling about this investment.

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Post by Peppermint Patti Mon Jun 25, 2012 7:51 pm

I remember when the team was reading and following the 225 page book that George Bush, Jr. had written for Iraq to follow. My brother followed it everynight religiously and it was through the reading and studying of this book became a true believer.

It would be a good idea if anyone has that book to bring it out and share it. For those in doubt try to explain why that book was published by "Bush" and why if you go back to see just how and when things happened in Iraq, the book told the story before it happened. Sort of like the Bible made predictions and they came and are coming true exactly how spoken.

Now, I don't mean to bring the best book every written into this, but, because George told them what we would do, told them what they would do and that's exactly what happened. How many times have we ever seen that in a book written before it happened?

Can things change, you betcha... Things of this magnatude, well, that's a tougher question to answer accurately. So, we wait and we wait and we wait and while we are waiting we are bombarded by all sorts of stories. Some maybe true most probably are not. We look at the past and realize that all kind of things happened before Kuiwait's change. Therefore, we look at the daily activity and go on from there... Or we don't look, and have some fun while we wait, our choice...

Let's try to watch what Okie brings us, knowing that he also only wants the best for us and trys so hard to encourage us. The rest, you can all have, as we really don't know where they dug up their information from.

Peppermint Patti...

"Only one life will soon be passed, only what's done for Christ will last..."
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Post by Peppermint Patti Mon Jun 25, 2012 7:55 pm

Punisher, if going to Iraq meant that I could cash out at a reasonable value, we would go in a heartbeat. My family and I would enjoy that. Going togeather to cash in, how much fun that would be.

Start will going to the airport in a Limo to board your rented jet and pilot, to put hundreds of thousands of dollars in the Bank... Any/everyday day of the week...

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Post by ADMIN Mon Jun 25, 2012 8:11 pm

punisher wrote:Some people seem to be back peddling about this investment.

Well... thats not necessary... they need to just kick back and wait...

Go hang out with their family... nothing we can do about any of it... and when it happens, everyone will know Smile

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Post by PALMER01 Mon Jun 25, 2012 8:21 pm

BINGO!!!!
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Post by Guest Mon Jun 25, 2012 11:40 pm

Miskebam wrote:
punisher wrote:Some people seem to be back peddling about this investment.

Well... thats not necessary... they need to just kick back and wait...

Go hang out with their family... nothing we can do about any of it... and when it happens, everyone will know Smile
bigsmile

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