Monday, February 14, 2011

2-14-11 guest post by: Daniel Carlson

Don't Forget About Iraq!
Disclaimer: Daniel is the owner of Dinar Profits, a site that sells and buys Dinar and offers other related services. This posting does not mean that I recommend you purchase anything from his site. To be clear, I get absolutely nothing in return from Daniel for placing his information on my site. I haven't earned not even a shaving of a penny since I started this site! But, earning money was never the intent and nothing has changed. I am simply posting this because Daniel's information may be of interest to you as it relates to our investment.

Guest post by: Daniel Carlson of Dinar Profits

Iraq has made great gains, but the United States must keep a keen eye on Iraq. Progress must continue, Iraq can't be forgotten as other issues arise in the Middle East and America. The stability of Iraq and the political confidence from the international community are essential for the dinar to increase and maintain its value.

Highlights of Iraq's Progress:

1. Violence is down 90% since 2006
2. U.S. Troops reduced from 170,000 to 50,000
3. Prime Minister Maliki in place
4. Appointment of most cabinet members
5. Dozens of oil contracts signed
6. 24% increase in proven oil reserves to 143.1 billion barrel
7. Huge foreign investments, especially from China: China has doubled the number of exports to Iraq
8. Aggressive domestic investments to rebuild infrastructure: electricity, housing and oil field machinery
9. Higher than expected oil prices

Highlights of Iraq's Further Need

1. Iraqi police training to maintain stability post U.S. Troop withdrawal
2. Filling of key cabinet posts, especially minister of defense
3. Stopping the increased threat of Al-Qaeda
4. Reliable electricity to all Iraqi citizens
5. Easing any frustrations from citizens, especially those influenced by Egypt
6. Political navigation with powerful Shiite cleric, Muqtada Sadr
7. Increased foreign trade so that the dinar becomes more widely traded
8. Fulfillment and execution of oil contracts to regain confidence of foreign investors

The United States has too much to lose not to pay close attention to Iraq. Economic and political relationships are at stake and the way Iraq is shaping up, it is going to be a major global player both economically and politically. In addition, the U.S. has already given too much to neglect its future relationship with Iraq. Nearly $800 billion have been spent, more than 4,400 American soldiers' lives have been lost and more than 32,000 have been wounded. While there are other pressing issues that are rising, America must not lose its focus on Iraq. A stable and secure Iraq benefits both the U.S. and the dinar.

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