1-19-11 Recap of the day's events/posts

Facts:

1.      Arab states agreed to participate in summit in Baghdad

2.      Parliament recesses for 2 weeks

3.      Allawi, Mahdi, and Chalabi discuss politics, security, and economics

4.      Iraq to pay expenses to oil firms in Kurdish region

5.      Security ministries to be resolved next month

6.      CBI Auctions

7.      Warnings of revolution of the poor

8.      National Alliance resolves heads of parliamentary committees

Rumors:

Of Interest (rumors that I find of particular interest either because of who said it or because of how I think it relates to what is happening right now):

1.      Nighthk11 chat

2.      Scooter’s chat

3.      Frank26’s posting

4.      Mr XXXXX chat

5.      Student conversation at UN

The Rest (doesn’t mean these are not happening):

1.      Cash out in China

2.      TK’s chat

3.      Global settlements, Okie, Obama

4.      Med’s chat

5.      Okie chat

Where Are We At?

1.      The general theme for this slow news day was centered on the efforts in forming the government.  Much of the news I saw today revolved around the government.  Steps were taken to nominate leaders for the committees. It appears that there may be some disagreement between Maliki and Allawi on who should fill the 3^rd vice presidency.  In either case, it is being stated that the security positions will be resolved next month, which isn’t too far away.  While there is a recess coming up, the general consensus seems to be that the government will be working during the recess.  Not much time left until March.  They need to bring government formation to a close before the Arab summit meeting.

2.      Big news for today is that the Arab states agreed to attend the summit in Baghdad.  The reason why this is big news is because it is thought that Iraq must have a government in place and have a globally traded currency.  The summit is about trade.  Wouldn’t it seem inappropriate for Iraq to host the meeting, and host it in Baghdad if they couldn’t nail down their government, security, and have the ability to trade globally?

3.      The new exchange rates have yet to be released even thought they were scheduled to be released on the 14^th.

4.      The chatter about exchanges in the ME seems to be dying down.  Although, I still see some comments about people who have either confirmed or not.  Today, in fact, I saw someone mention their friend says they are cashing out in Panama on a 1 to 1 basis.  We also had rumors of cash outs in China, but I’ve seen no solid confirmations.

What’s Left?

1. Reading of the budget for the first time (due to redraft).
2. Closure on Security positions (5 in total) and the remaining unfilled positions (7)
3. Formal announcement of government
4. Agreement on outstanding Kuwait issues
5. Lifting of remaining Chapter 7 sanctions (Kuwait related)
6. RV/RI

What’s It All Mean?

1.      Given the pace of the government formation activities and news, it appears that Iraq is truly intent on getting the government formed sooner rather than later.  Time will tell as there are still some disputes over positions, and the disputes are between Maliki and Allawi.  According to Night, Maliki has delayed the formation of the government in order to put his people in certain positions.  Maliki doesn’t have much time left for additional delays if they are to form the government by March.  Barzani appeared in another article today.  Recall that it is his goal to help complete the government. 

2.      Not sure if it is all coincident or not, but there seems to be a little more news of China.  Everything from China RVd to China is in control of the RV.  Of course, the global settlements information from the GET call had China playing a main role in the rumored changes to come.  I know more about global settlements from that call, but I don’t know enough to say one way or another what the real impact/truth is.  I’ll have to learn more and watch what happens.

3.      Interesting that we still see no change on the rates of exchange.

4.      With regards to the RV/RI, there really isn’t much change.  We’re focused on the government formation as it is believed this will be the trigger for the RV/RI once complete.  According to some, the budget is not a trigger for the RV/RI.  That said, there really wasn’t much news of the budget today.  So, we wait and watch what Iraq does with regards to forming and completing the government.

1-19-11 Okie Oil Man Chat (sent via email)

Highlights/Thoughts

1. Global settlements should have happened last night
2. Many things are happening behind scenes
3. Global settlements is real...doesn't know about prosperity packages
4. Parliament is working now. Disregard the holiday
5. US is not stalling the RV. We are promoting it
6. Friday would be earliest for RV based on latest (could be later)
7. Iraq is not the problem. Outside entities are the problem
8. Prosperity packages received were not funds
9. He was wrong on his assumption that Shabibi has final control

********************************************************************************
[OKIE_OIL_MAN] still waiting
[xander] OKIE_OIL_MAN Good morning Bud. Be careful, they are all jumping off the bridge in here.
[OKIE_OIL_MAN] xaner-i jumped too--water absorbed the shock
[OKIE_OIL_MAN] this was supposed to go down in the middle of the night last night
[jjens] OKIE_OIL_MAN - due you think what thing 1 and 2 said last night is ready to take fruition this fast
[OKIE_OIL_MAN] jjens-yes.
[OKIE_OIL_MAN] is there actually a hold-up?
[ayechief] OKIE_OIL_MAN question: should I go trade in my dollar bills for gold while i still have a chance?
[OKIE_OIL_MAN] ayechief-your choice--would not be mine
[OKIE_OIL_MAN] many things are occurring right now behind the scene and out of public eyes--everything still in good shape--no worries on my end
[lindaz] Okie_oil_man- do you think the prosperity packs may hold things up?
[OKIE_OIL_MAN] lindaz-prosperity packages to me is a myth unless i am missing something--pipe dream
[OKIE_OIL_MAN] global settlement is real--prosperity package--don't know about the validity of
[mikev] OKIE_OIL_MAN so things still looking good?
[OKIE_OIL_MAN] mikev-yes
[DinarStar] OKIE_OIL_MAN what role did the military play in forcing the Illuminati to buy this program
[OKIE_OIL_MAN] dinarstar-none
[denisemason] OKIE do you think by EOD or EOW?
[OKIE_OIL_MAN] denisemason-yes
[masterblaster] OKIE_OIL_MAN Shortly O, and Wu to speak live, and take questions. Maybe they'll anounce the RV. But In different words
[OKIE_OIL_MAN] masterblaster-will not be addressed
[DinarStar] OKIE_OIL_MAN I am referring to the serviceman's oath to uphold and protect the constitution. Is that what that means?
[OKIE_OIL_MAN] dinar star--you’re referring to posse cogitates
[Dee1031] Okie how long do you think it will take for the global settlements? In your opinion?
[OKIE_OIL_MAN] dee-process underway presently
[OKIE_OIL_MAN] dinarstar-no--this prohibits military for being used against and forcing civilian laws on civilians--posse cogitates
[OKIE_OIL_MAN] cbi first then fore-x
[getrdone] NEWLIFE2 sshiver4 for last night’s cc
[OKIE_OIL_MAN] logos-yes-for the last 7 years
[OKIE_OIL_MAN] shabibi will not permit re-denomination until gov is official--
[OKIE_OIL_MAN] the whole world is involved in this--not just us peon investors--we're very insignificant in this global event
[masterblaster] OKIE_OIL_MAN In Your opinion. It is done? Just needs to be announced?
[masterblaster] The GOI
[OKIE_OIL_MAN] masterblaster-yes
[OKIE_OIL_MAN] GOV formed-Shabibi releases--in that order--should transpire rapidly now
[OKIE_OIL_MAN] the parliament is working now--dis-regard the holiday interference--
[sully2781] OKIE_OIL_MAN - does posse commitatus apply to the private armies in the world - like Halliburton's?
[OKIE_OIL_MAN] sully--no only us military--as per constitution
[OKIE_OIL_MAN] the GOV is working but notice they have not had a necessary official announcement as such?--requirement as per constitution
[Cessie] OKIE_OIL_MAN Do you mean like posted in the Gazette for the required # of days?
[OKIE_OIL_MAN] cessie-no
[texranchrep] OKIE_OIL_MAN how will they do an official GOI announcement
[OKIE_OIL_MAN] thru the gazette
[dennis] OKIE_OIL_MAN Do you see this process of the RV going thru February?
[OKIE_OIL_MAN] dennis-dependent on receipts of global settlements--would not think it would go that long--too many countries in dire straits now
[zuza] INA / OPEC basket price rises to 93.80 dollars a barrel on 19/1/2011 12:28 pm ... http://translate.google. ••• net/new/
[OKIE_OIL_MAN] oil is not in a shortage--price being manipulated by hedge fund managers
[jansman] OKIE_OIL_MAN thanks for all of you help - did I understand correctly that this will not affect us as far as our dollars for IQD - how will it make a difference
[OKIE_OIL_MAN] jansman-no difference--value will all be equal to what it is now
[jlw] OKIE_OIL_MAN : Not Bashing'...Can you say what made you believe that it would happen last evening. And the Bank that HAS or is SHOWING rate. Can you clarify? Thanks
[OKIE_OIL_MAN] simply stated--we're waiting for all the process now in effect to be finalized--should be shortly.
[DudeInc] OKIE_OIL_MAN ... just got up/on ... am trying to catch up so reading first but need to leave so OKIE do you feel today is s good day to possibly see this go down IYO ... or at least by end of week (Friday) I am asking for your OPINION through your common sense using the Intel you have right now. Thanks!
[OKIE_OIL_MAN] dude-a lot of necessary steps are being handled as we speak--beurocracy
[OKIE_OIL_MAN] why don't some of you guys stop the silliness and get serious for a change--???
[OKIE_OIL_MAN] uncrn-gov sources--enough said
[OKIE_OIL_MAN] the u s a is not stalling on the r/v--we're promoting the expedience of it--thus--the many trips of sec of state and v p over there constantly
[BIGTIME] OKIE_OIL_MAN you think they buy dinar while they visit?
[OKIE_OIL_MAN] big time-silly question
[OKIE_OIL_MAN] do you actually think that world governments’ would entrust us with classified information---get real---gggeeeessshhhhh
[elaine schembre] janicemulvaney ... what are they saying
[OKIE_OIL_MAN] the average American is totally ill-literate about what is really going on in the grand scheme of things and would not be able to absorb all the details that must remain private between countries--remember wiki-leaks and what a stir it has created releasing Intel?
[OKIE_OIL_MAN] as an example of the American mind-set--just read the posts on this forum-most are only so self-serving and simplistic that the only question they can grasp is when?--how much?--why delay?--and you expect to try to make them understand what college professors don't really understand themselves?--this is far more complicated than just sitting back and waiting for someone to hand you the money-
[dennis] OKIE_OIL_MAN "It's my money and I want it NOW!!!":.
[OKIE_OIL_MAN] Dennis--call j g wentworth
[honeybee] lots of you have put big money into this RV.........Many of us haven’t had that kind of money and IF it RV,s..... we won’t get the millions ....some of you are getting......so we will still need our Social Security........that scares me to death ......to think they’d wipe it out..... I couldn’t sleep last night worrying about i
[OKIE_OIL_MAN] honeybee-national commitment of social security is a sacred cow and will never be in jeopardy--don't worry
[Hereiam] My suggestion: all the heartache we feel is based on our "reserves" running out. So IMO don’t buy anymore reserves...be happy with what you have and let this thing work itself out...Tk said to watch for Today....The lady in CC said they are negotiating last night....China and US are happy...We could see this thing go down any time! This thing has GLOBAL ramifications...Just hang tight...It is coming! t
[OKIE_OIL_MAN] Hereiam--may i suggest his post be re-posted--it is very astute and applicable
[OKIE_OIL_MAN] what you are hearing on the press conference is what you are meant to hear. The real meat of the matter will be made behind closed doors and you will never be privy to the details unless you are a time traveler and can go 20 years in the future and look back
[kido] OKIE_OIL_MAN or you could be a fly on the wall. Pick me to be that fly
[OKIE_OIL_MAN] kido-could you understand the ramifications of what you heard?
[ackpaul] don’t worry about what you eat between Thanksgiving and Christmas. Worry about what you eat between Christmas and Thanksgiving.
[OKIE_OIL_MAN] ackpaul-what does that have to do with anything?
[OKIE_OIL_MAN] i will leave the levity to you forum--i choose to find new Intel-maybe I’m too serious but there are too much riding on this to play around
[OKIE_OIL_MAN] GONE
[OKIE_OIL_MAN] also received citizens in Iraq are conducting peaceful protests-caring signs and unhappy with GOV not delivering what was promised 1:17 PM [OKIE_OIL_MAN] the rebalancing reference by Obama was a covert way of mentioning the global settlements to those who knew what he was talking about .

Separate conversation:
[OKIE_OIL_MAN] If the information I'm getting from sources is true friday would be the earliest for the r/v and possibly later than that. This was scheduled to occur late last night. Iraq is not the problem. Prosperity packages received today were not funds just more forms to fill out. We were wrong in our assumption that Shabbi had final control. I was wrong also in stating that he was. Found out intel today about that. If I can't post positive, encouraging and uplifting intel, I dont post; tonight I am not posting. Iraq is not the problem, outside entities are the problem.

OKIE_OIL_MAN] New intel coming in that may have an entirely different reflection on this than 1 1/2 hour ago--things change rapidly--whew-i may have posted too soon--will confirm and be on later--It appears history is now being made-can't elaborate presently--will later if confirmed 8:32 PM EST [OKIE_OIL_MAN] bible students-understand this--this is the year of jubilee--happened tonight--old organizations just died

1-19-11 Nighthk11 chat

Highlights/Thoughts
Click on the title of this posting to get the details of the chat on J4D (membership required)

1. Do not get dismayed by the news (i.e., bombings, delays, etc)
2. Barzani is there to get the government formation completed
3. Maliki has been delaying the government so he can put his people in place
4. Lower denominations are not needed for the RV
5. Lower denominations are already in the banks; this was a Kurd demand..one of 19
6. Arab summit was designed to bring Iraq back into the full Arab community; they must have a globally tradeable currency and full government installed prior to the summit; Iraq cannot move forward without this
7. China is not an issue; they will be dealt with post RV
8. IMF/UN will not force an RV
9. Maliki will either play ball or be replaced; this is NOT an understatement. It's a fact.
10. Window for the RV is closing very fast
11. Night believes it will happen this month
12. News articles form the ME are government controlled
13. This month for an RV still looks good
14. Tremendous pressure on them to finish
15. Delays caused by Iran
16. Chinese were given the most productive oil fields
17. Iraq wants China out
18. China wants more oil fields in Iraq, but Iraq doesn't want them to have it
19. US wants Yuan to increase in value; look for China to get more oil fields
20. Deals will be made with China to get them what they need
21. IMF must get China to go along with this
22. US holds largest amount of Dinar outside of Iraq
23. US can pay down debt to China with Dinar

1-19-11 Med's chat

Highlights/Thoughts
Click on the title of this posting to get to the details of this chat on J4D (membership required)

1. Government issues are between Maliki and Allawi
2. Maliki needs to move towards Allawi as he doesn't have enough votes
3. Still need to agree on the language for the Strategic Council that Allawi will run
4. Med is not concerned with budget as he is the completion of the government
5. Earliest there would be any vote on government is Jan 30
6. ME countries they owe 120 B to do not appear interested in forgiving the debt
7. Iraq needs to move to a market economy
8. People are growing tired of government promises (they've already heard them last year)
9. Sadr is considered a champion of the poor; all he needs to do is sit back and let the government mess everything up; people will come to him

1-19-11 Private conference at UN Headquarters

Highlights/Thoughts
Click on the title of this link to get to the posting on J4D (membership required)

1. Student attended a conference at the UN headquarters and spoke in private with the person giving the presentation
2. Student asked about the meeting that took place on the 15th and he confirmed lifting of parts of 7
3. Student asked when they would be completely out of 7 and he said they've been out for 3 weeks now. He said that Biden and others agreed to lift the rest of the sanctions.
4. Student asked whether they needed an internationally recognized currency to do so. He replied this was never a requirement to get Iraq out of Chapter 7

We learn something new everyday! Have to remain open.

1-19-11 Al-Iraqiya deputy calls on NC to allocate vice presidency to Turkomani

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Al-Iraqiya wants the National Coalition to grant the Turkomani the remaining vice presidency
2. The Turkomani should have the right to the remaining vice presidency, but Maliki's group (National Coalition) wants it to go to Abdel Mahdi
3. Talabani issued an act that gives a third presidency
4. The Turkomani should get the 3rd presidency and Maliki's group could get the other 2

1-19-11 National Alliance Resolve and the Heads of Parliamentary Committees Called Abdul-Mahdi, Vice-Khuzaie Talabani

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Leaders of the National Alliance agreed to nominate the heads of each parliamentary committee
2. Abdul Mahdi was nominated as the leader of the Islamic Supreme Council and Khudair Khuzaie was nominated as the leader of the Dawa Party
3. They also nominated leaders for Chairman of the Committee on Foreign Relations, President of the Security and Defense Committee, the Integrity Committee, the Education Committee, Chairman of the Committee of Martyrs, the President of Health Committee, and the Committee of Culture and leadership
4. It was also said in the article that Mahdi and Khuzaie were formally designated as the leaders in # 2 above

The article contained the names of the members in each of the committees.

1-19-11 Liberals block in Basra warns of the consequences of revolution of the poor in the country

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Head of the Liberals in Basra urged the government to provide services to the people
2. He drew compared Iraq to Tunisia inferring that Iraqis may become violent and topple the Iraqi regime
3. He said Iraqis are losing patience with high unemployment, lack of services, poverty, and the fact that government employees make a lot of money
4. He said that the US troops leaving on schedule would help to resolve many of the issues

1-19-11 CBI Auctions for today

Currency Auctions

Announcement No. (1817)

The latest daily currency auction was held in the Central Bank of Iraq on the 19-JAN-2011. The results were as follows:

Details	Notes
Number of banks	18
Auction price selling dinar / US$	1170
Auction price buying dinar / US$	-----
Amount sold at auction price (US$)	180,525,000
Amount purchased at Auction price (US$)	-----
Total offers for buying (US$)	180,525,000
Total offers for selling (US$)	-----

Exchange rates

Dollar's exchange rates / in Baghdad markets

1-19-11 Mr XXXXX Chat from 1 Dinar

Highlights/Thoughts
Click on the title of this posting to get to the details of the posting on DD

1. XXXX just got back last weekend from Iraq
2. Went to sell some land but decided not to because it has gone up in value tremendously
3. Confirmed Iraq is taking away the zeros
4. Exchange with vendors on the street is 1 to 1; $100 USD gets you $119
5. Must use dinars to buy things because they are holding dinars since they believe it will go up
6. XXXX says Kuwait is control of the RV and wants to be paid off before the RV
7. Until Kurds get what they want, the GOI is stuck
8. What people are being told on TV and in the news is BS
9. People there are tired of waiting

Encouraging to see more confirmations, but probably even more encouraging to me to see that DD said it was an interesting read.

1-19-11 Global Settlements, Obama, Okie Oil Man

On Fox news, Obama confirmed the Wordwide Rebalancing of the economy and the establishment of the market based currencies

When I heard that, I immediately thought of the global settlements.  See Okie's comment below
*********************************************************************************
11:13 AM PST JAN 19[OKIE_OIL_MAN] Phone call entailed the fact iraq merchants are selling/redeaming products at a rate of 1.19 dinars to dollars presently. Don't let the rate upset you--only a temporary situation to facilitate trade--not actual official rate. [9 BALL] I think it means 1 dinar = 1.19 USD. [OKIE_OIL_MAN] 9 ball--yes only temporarily. The rebalancing reference by obama was a covert way of mentioning the global settlements to those who knew what he was talking about. All right--dont go off on a tangent stating I said the rate was 1.19--if you repeat me make sure it is my statement without your spin on it. Also received citizens in Iraq are conducting peaceful protests-carrying signs and unhappy with govt not delivering what was promised.

1-19-11 Shabandar: (Hamas) Political Forces Will Resolve the Security Ministries Next Month

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. MP of the State Law said that there is no work going on right now without committees and without internal systems
2. He said next month will see the resolution of the security positions

1-19-11 Iraq to pay expenses to oil firms in Kurdish region

Highlights/Thoughts
Click on the title of this posting to get the details of this article

1. Iraq oil ministry agreed to pay exploration costs and expenses to foreign firms working in the northern Kurdish region
2. Payments are to be made through the Kurdish Resources Ministry
3. Iraq reached an agreement with the Kurdish authorities to resume oil exports from the semi-autonomous region on 2/1, starting at 100,000 barrels per day

Maybe things aren't too bad between the Kurds and Iraq?

1-19-11 Vice President Adel abdul Mahdi Discusses with Dr. Dr. Iyad Allawi and Chalabi, Another Political and Security Developments

Highlights/Thoughts
Click on the title of this posting to see the details of this article

1. Allawi, Mahdi, and Chalabi discussed the latest developments in politics, economics, and security
2. Discussions focused on the need to fill the Cabinet positions with the nominees

1-19-11 TK chat

Highlights/Thoughts

1. TK is waiting for word of RV possibly happening today
2. Guest speakers from last night will be on call tonight
3. Deadline for settlements to go out was last night
4. There was a push months ago to get GCC currency printed up
5. GCC is being fast tracked

The one thought that ran across my head last night regarding the global settlements payout is that they've been at this for 30 years. Trying to get the payouts to go for more than 30 years. This has to happen prior to the RVs of the 19 currencies? Ouch!

*******************************************************************************
7:25 am [terryk] so what im hearing is some of you did not like that call last night 7:25 am
[terryk] you dont like to hear the real stuff 7:25 am
[terryk] i got so much hate mail 7:25 am
[terryk] its crazy 7:25 am
[terryk] over that 7:25 am
[terryk] stick your head in the sand 7:25 am
[terryk] remember i said 7:26 am
[terryk] i cant tell you alot of things 7:26 am
[terryk] whats going on 7:26 am
[terryk] remember i told you in may it was our fed reserve holding up 7:26 am [LadyBug47] when do you really think this is going to happen?? 7:27 am
[terryk] today 7:27 am
[terryk] waiting for word 7:27 am
[terryk] i went to bed after that call 7:28 am
[terryk] so i have a discussion this morning with that team 7:28 am
[terryk] and they will be on the call tonight 7:28 am
[terryk] as well 7:30 am
[terryk] its right there peeps 7:30 am
[terryk] i really thought during the call last night we could have heard things 7:30 am [mikev] any thoughts or hint why it did not happen? 7:31 am
[terryk] too early 7:31 am
[terryk] that was the deadline 7:36 am
[Dinarlady2011] the amero that is the Canadian Mexican and American trade agreement right 7:36 am
[terryk] right dinarlady 7:37 am
[terryk] put the stamp on it 7:37 am
[terryk] is all that was left 7:37 am
[terryk] pardon the pun 7:37 am
[sistersister2] Amero by years end as well? 7:37 am
[terryk] yes 7:37 am
[terryk] they will be flat across the board 7:37 am
[anteup] gcc? what does that stand for 7:37 am
[terryk] google it anteup 7:37 am
[terryk] and read 7:37 am
[terryk] tipton 7:37 am
[terryk] dang it 7:38 am
[terryk] no they are members as of last month i think 7:39 am
[denisemason] tk ... What does gcc do to our dinars? Will we still be able to cash in and when? 7:39 am
[terryk] it has no impact right now 7:39 am
[terryk] but if you have dinars when the gcc currency rolls out your currency must be turned in 7:40 am
[terryk] let me say this 7:40 am
[terryk] there was a push months ago to get the gcc currency printed 7:40 am [terryk] i have a friend that worked on a while, just gave up thinking it would never happen with so much corruption at the Top. But I found out through the years....most people would rather keep their head in the sand. They don't want to know the truth because they cannot handle it! Thank you so much for ALL you do! THANK YOU.....I appreciate everything you are doing and can't wait to meet you!! 7:41 AM
[terryk] YOUR WELCOME JEWELS 7:41 AM
[terryk] GCC IS BEING FAST TRACKED 7:41 AM
[terryk] THERE WERE 4 MYSTERY GUESTS 7:41 AM
[terryk] TWO DID NOT TALK 7:42 AM
[terryk] THATS LIKE TRYING TO PUT A CORK IN A BOTTLE OF BUBBLIE AFTER YOU OPENED IT 7:42 AM [terryk] AND NOT GET WET 7:43 AM
[cmc] TK....why did they not talk, were they monitoring the other two? 7:43 AM [terryk] ONE IS A LAWYER 7:43 AM
[terryk] THE
[terryk] the other is high ranking peep 7:43 am
[terryk] ok time for me to go to a meeting 7:43 am
[terryk] see you all later 7:43 am
[terryk] and remember im ghosting 7:43 am

1-19-11 Parliament Recesses For Two Weeks for Husseini Processions ***

Highlights/Thoughts
Click on the title of this posting to get to the details of the article

1. Parliament canceled sessions for two weeks
2. One law maker said that the delay will only last 12 days

1-19-11 Zebari: Iraq With All Arab Countries Agreed to Participate in Baghdad Summit

Highlights/Thoughts
Click on the title of this posting to get to the details of this article

1. Arab states agreed to participate in the summit in Baghdad

Recall my earlier posting where it was stated that a contingent recently went to Iraq for a "look see" to see if they should or should not hold the summit in Iraq.

1-19-11 Rumor of cashing out in China

Highlights/Thoughts
Click on the link of this posting to get to the details of this rumor on DD

1. Brother-in-law called to tell poster that they were cashing out in China
2. Will see ours here in the US within 48 hours

1-19-11 Frank26 posting

Highlights/Thoughts
Click on the title of this posting to get to the details of Frank's posting on DD

1. News coming form the government of Iraq (GOI) isn't made to inform you
2. Frank's team pays more attention to what is being said on Iraq TV
3. Delta's report:

• As the RI/RV drags out, more militant groups will pop up
• Reading of budget will be delayed because of the issue with the Kurd's only getting 11.6% of the budget instead of 17% and the distribution of the Kurd's oil
• Kurd's issue is minor and should be resolved this week
• Note how issue resolution is being done peacefully.  They will get it done quickly
• Shabibi was on the plane with a large delegation leaving for the Egypt economic summit (5 day summit)
• Something was mentioned about the WTO and the 26th through the 30th, but Delta didn't catch all of it
• Delta got the impression that they had things to do before they deal with seating the GOI
• Maliki has selected the people for the security positions and will announce after the summit
• Delta feels the GOI will be formed towards the end of this month due to prior bullets above
• Committees were formed in the last few weeks, but they must select one leader to represent all
• All presidents of parliament will be in Egypt
• Executive order 13303 was specifically aimed at allowing US citizens to invest
• Article in Aknews that states the after 1.5 yrs the elections are done and legal

4. Article in Aknews where Federal Courts say seating of the house is not a matter of the courts.  Parliament must go through normal channels for disputes first.
5. UN operational rates of exchange still have not changed (
https://treasury.un.org/operationalrates/Default.aspx)


If you didn't catch that many important members of the GOI will be out of town for the Egypt economic summit, please note that.  It appears they will be back on the 30th.  This may suggest that we will not see an RV until after that time.

1-19-11 Scooter chat from last night

Highlights/Thoughts
Click on title of this posting to get the details of the chat on DD

1. Scooter's trifecta theory may be playing out
2. Trifecta is US, China, and Iraq
3. Iraq is an asset of the US
4. China owns the largest number of oil contracts in Iraq
5. China has been buying up our debt in the last 4 years (accumulating 2.3 to 2.5 tril)
6. China's US debt holdings gives it an economic weapon against the US
7. Both parties don't want China to call in the notes on the US debt
8. Instead, China may be using the oil contracts as a negotiating tool
9. China could be asking for longer leases or a much better price on oil