5-24-2012 *Adam Montana

[Vixen]

5-23-2012 *Adam Montana ~Security Council members are set to meet TODAY to discuss Chapter 7 with Kuwait...the Ministry of Finance reports that the Central Bank has stocked reserves for a potential reintroduction of the Dinar to the Global market. Parliamentary committee expresses that NOW is the time to (complete the HCL). All in all, I think the summary of these parts is pretty darn good!

5-24-2012 *Adam Montana ~The UN has the final say on Chapter 7 - they can lift or maintain it at their discretion. Iraq has requested repeatedly to be removed from it, and only recently has the resistance to that request been weakening. Chapter 7 has many parts, and currently Iraq is only under a few remaining articles of it. The important articles, the ones that really hold things back, are the ones that pertain to WMDs [weapons of mass destruction]...since Iraq is not able to use WMDs (nukes etc) if they Revalue with no real ability to defend themselves against a SERIOUS threat, it would be like you walking into a dark alley full of gun-weilding thugs...with a pocket full of cash...with only a stick to protect yourself. Chapter 7 is stopping them from that.

5-24-2012 *Adam Montana ~There's a lot of confusion on the whole "redenomination" thing. The simplest way to understand it is this: If the value raises to 1:1, then the average Iraqi has more money in his pocket. They can't eat a Mercedes, so they will still need to buy smaller items like bread and meat. When they buy bread and meat, they will need to get change - bread isn't suddenly going to go up to $4000 per loaf! Therefore, if the value raised to 1:1 they would need to immediately introduce smaller denominations into the market.

5-24-2012 *Adam Montana ~some l0psters...say "it sounds like you're saying all Iraqis will be making $300,000 per year suddenly! That's silly!". No, that's not what we are saying or even thinking. We understand that a janitor will not be making $200,000 per year after a major raise in the value. The CASH IN THEIR POCKET would be worth more, but once that is gone they are going to be receiving regular paychecks at the adjusted rate and they will be receiving the redenominated notes as change when they buy something like bread or meat.