Highlights/Thoughts
PLEASE IGNORE IF YOU DO NOT WANT TO READ OPINIONS
This was emailed to me by a reader of this site. I'm posting this to share this person's opinion of this investment. I personally value all information and all opinions/perspectives. Some may see this as negative and some may not. As always, how you choose to take this in is up to you.
***********************************************************
Desperate People Need Not Apply
I am only an investor in the IQD. I am not an intel specialist nor a date/rate guru. I am not a dinar historian or an Arabic-newspaper researcher. My friends who were serving in Iraq have come home or re-deployed in other parts of the Middle-east. I did research the legitimacy of the Dinar as a currency and legitimate speculative investment. I invested with the idea of funding a venture-capital endeavor or a penny-stock company made public. Either of these approaches, in most cases, are done with vast expectation of all funds being lost. The hope is that one of the ventures or companies with actually make it and pay off on the ratio of dollars for cents.
My opinion in reading the majority of posts in the past year that many, many desperate people have purchased the dinar. Desperate people say and do, desperate things. Desperation develops fantasy often not seen by self. Mirages become reality. Obsession pushes rationality and reality out the actuality door.
It appears those who have created the hype are building more desperation. It is not deliberate, but it is equally as damaging. The claims that if XYZ occurs, then MNO will happen. What, if anything do we really now about Iraq? Few of us served or lived there and even if we did for years, what of the culture, mindset and world-view do we know and understand of this vastly fragmented society? What do we factually understand? Do we really and truly have a cross-cultural Arab-Iraq Shiite, Sunni and Kurd mindset?
My opinion is Iraq is still many months away from being able to socially be able to handle a large escalation of the value of its currency. Would you hand a stack of $100 dollar bills to a 7 year old? So why would the world agencies like the UN, IMF, or WorldBAnk hand trillions to a 7 year old weak country?
I think Iraq will eventually grow and grow strong. It may develop to be the construction site of the world with investment. That is what drew my money to invest but not with any desperation. Telling you to relax does nothing to a desperate individual. My suggestion, if you cannot stop checking for information about a revaluation every day, that you sell your dinar and walk away. This is not the investment for you. It is your enemy of personal destruction.
For the non-desperate speculator, I hope to see you at an eventual finish line.
Sincerely,
Clearthinkr7
Wednesday, March 2, 2011
3-2-11 Ex-Iraq PM backs out of chairing key body (AFP)
Highlights/Thoughts
Click on the title of this posting to get the details of this article
1. Allawi said on television that he will not participate in the national council and that his decision is final
2. He said that the List can choose another person instead of him
3. He attributed his decision to the lack of the implementation of the national partnership agreement
Click on the title of this posting to get the details of this article
1. Allawi said on television that he will not participate in the national council and that his decision is final
2. He said that the List can choose another person instead of him
3. He attributed his decision to the lack of the implementation of the national partnership agreement
3-2-11 Maliki: Everyone must respect the election; Continue the process of construction and reconstruction.
Highlights/Thoughts
Click on the title of this posting to get to the details of this posting
1. Maliki said that everyone should respect the elections
2. He told the independent bodies that what is happening in Iraq is different from what is happening in the world (Arab world) because what is required for change there does not exist in their country
3. He said it doesn't exist because the political process in Iraq came through elections and that the elections represent the will of the people
4. He said that they are working on reforms and meeting the needs of the citizens, which is their task and responsibility
5. He added they have serious work of building and reconstruction and could do that in the past due to the security situation
6. He explained that they should address all national responsibilities, legitimacy, humanity, and continue the process of construction and reconstruction
7. He said the independent bodies would be covered by the system for 100 days and their work is in the interest of the people and their needs
8. He added that the Council of Ministers are connected to a number of projects related to the private sector companies and the provision of facilities in the area of investment as well as completing a deal with the issue of the ration card and electricity
Maliki tied the people's will to the elections?! He must have forgotten that the people voted for Allawi for the PM spot! Ginko Maliki....lots of it.
Click on the title of this posting to get to the details of this posting
1. Maliki said that everyone should respect the elections
2. He told the independent bodies that what is happening in Iraq is different from what is happening in the world (Arab world) because what is required for change there does not exist in their country
3. He said it doesn't exist because the political process in Iraq came through elections and that the elections represent the will of the people
4. He said that they are working on reforms and meeting the needs of the citizens, which is their task and responsibility
5. He added they have serious work of building and reconstruction and could do that in the past due to the security situation
6. He explained that they should address all national responsibilities, legitimacy, humanity, and continue the process of construction and reconstruction
7. He said the independent bodies would be covered by the system for 100 days and their work is in the interest of the people and their needs
8. He added that the Council of Ministers are connected to a number of projects related to the private sector companies and the provision of facilities in the area of investment as well as completing a deal with the issue of the ration card and electricity
Maliki tied the people's will to the elections?! He must have forgotten that the people voted for Allawi for the PM spot! Ginko Maliki....lots of it.
3-2-11 Saturday meeting of the Presidency of the parliament and the heads of blocs
Highlights/Thoughts
Click on the title of this posting to get the details of this article
1. A parliamentary source said the Presidency will hold a meeting on Saturday with the heads of political blocs to discuss a range of political issues and parliamentary elections
2. The source said they would discuss the subject of protests and a number of parliamentary topics
Click on the title of this posting to get the details of this article
1. A parliamentary source said the Presidency will hold a meeting on Saturday with the heads of political blocs to discuss a range of political issues and parliamentary elections
2. The source said they would discuss the subject of protests and a number of parliamentary topics
3-2-11 Allawi advised to refuse the presidency of the Council’s strategic
Highlights/Thoughts
Click on the title of this posting to get the details of this posting on TCN
1. An MP said there is a state of confusion in terms of procedures and decisions among all political blocs
2. He said the cause of confusion is that most of the blocs are facing a situation where there is a dual between participation of power and the demands of the street
3. Along with the confusion, there is political hypocrisy accompanied by a review of blocs and alliances that change like sand dunes moving from one place to another
4. He said the state of confusion lead us to the following question, "What is the position of the group within the List on the National Council for the strategic policies?"
5. He said he warned Allawi earlier not to implicate himself in this Council because it has no powers
6. He added that the Kurdistan Alliance and the Sadrists movement are also in a state of confusion
7. He concluded that they now live in a real political crisis between all parties with each other, and within the parties there is conflict and conflicting views
Click on the title of this posting to get the details of this posting on TCN
1. An MP said there is a state of confusion in terms of procedures and decisions among all political blocs
2. He said the cause of confusion is that most of the blocs are facing a situation where there is a dual between participation of power and the demands of the street
3. Along with the confusion, there is political hypocrisy accompanied by a review of blocs and alliances that change like sand dunes moving from one place to another
4. He said the state of confusion lead us to the following question, "What is the position of the group within the List on the National Council for the strategic policies?"
5. He said he warned Allawi earlier not to implicate himself in this Council because it has no powers
6. He added that the Kurdistan Alliance and the Sadrists movement are also in a state of confusion
7. He concluded that they now live in a real political crisis between all parties with each other, and within the parties there is conflict and conflicting views
3-2-11 Allawi, Hakim and agree to activate the agreements concluded by the political parties
Highlights/Thoughts
Click on the title of this posting to get the details of this article
1. In a joint news conference, al-Hakim said that he discussed with Allawi the latest political developments, the security ministries, , the National Political Council, and the needs of the citizens as it relates to services they desire to have
2. They discussed the necessity of activating the agreements concluded by the political parties, national partnership, and the demands of the people
3. Allawi discussed his efforts to deepen the partnership agreement related to the National Council and its provisions
4. He noted what has been agreed upon and that there will be a genuine partnership on performing the obligations to the people to support their demands
Click on the title of this posting to get the details of this article
1. In a joint news conference, al-Hakim said that he discussed with Allawi the latest political developments, the security ministries, , the National Political Council, and the needs of the citizens as it relates to services they desire to have
2. They discussed the necessity of activating the agreements concluded by the political parties, national partnership, and the demands of the people
3. Allawi discussed his efforts to deepen the partnership agreement related to the National Council and its provisions
4. He noted what has been agreed upon and that there will be a genuine partnership on performing the obligations to the people to support their demands
3-2-11 Abdul Hussain Abtan: There are problems in the implementation of the investment law in Iraq
Highlights/Thoughts
Click on the title of this posting to get the details of this posting on
1. A member of the economic and investment commission said there is a problem in the implementation of the investment law
2. He said the investment law in force is good, but the problem is related to its implementation and how to deal with the investor
3. He pointed out there are multiple ways and great care should be carried out by the authority of the state or government to attract investors
4. He also said that the investment in Iraq are subject to security and administrative corruption as well as the administrative system all of which Iraq is still suffering from problems right now
5. He said Iraq needs the will and the integration and harmonization of the public network responsible for the investment sector to promote it better
6. A member of the commission of economy and investment said Iraq doesn't do a good job on the subject of investments. Today, they leave a lot of investments to the governorates, but they don't track the investment projects well
7. The head of the national investment expressed the readiness of the commission to grant all facilities and privileges guaranteed by the investment law for investors who wish to work in Iraq
8. He noted that the Iraqi market is a promising and fertile environment for investments and the Iraqi private sector needs the experience of large companies in various economic sectors
Click on the title of this posting to get the details of this posting on
1. A member of the economic and investment commission said there is a problem in the implementation of the investment law
2. He said the investment law in force is good, but the problem is related to its implementation and how to deal with the investor
3. He pointed out there are multiple ways and great care should be carried out by the authority of the state or government to attract investors
4. He also said that the investment in Iraq are subject to security and administrative corruption as well as the administrative system all of which Iraq is still suffering from problems right now
5. He said Iraq needs the will and the integration and harmonization of the public network responsible for the investment sector to promote it better
6. A member of the commission of economy and investment said Iraq doesn't do a good job on the subject of investments. Today, they leave a lot of investments to the governorates, but they don't track the investment projects well
7. The head of the national investment expressed the readiness of the commission to grant all facilities and privileges guaranteed by the investment law for investors who wish to work in Iraq
8. He noted that the Iraqi market is a promising and fertile environment for investments and the Iraqi private sector needs the experience of large companies in various economic sectors
Subscribe to:
Posts (Atom)