Showing posts with label Revalue. Show all posts
Showing posts with label Revalue. Show all posts

Wednesday, March 9, 2011

Maliki Fighting His DNA in Developing Democracy


The gains in Iraq are all that much more impressive when one understands that the Arab culture is one of personal power and control.  As much as Maliki & Co. say they are attempting to create a working democracy, he and they fighting at least 6,000 years of tribal culture where it is common to keep the masses numb, dumb and poor.

Since the Arab culture is that way, is it not surprising that Islam would contain the same ingredients?  Unlike Christianity, Islam was not founded on principles of loving one another and caring for the widows and orphans.  Islam is based on survival of the family, the tribe, the sect, the Caliphate, the Sultanate, the Emirate, the Kingdom to the extent that any threat to the entity will be dealt with by death.  This is why we see peon migrant labor in Arab countries – a population excluded from citizens who may share in the country’s wealth.  They are not family.  It is why we see radical laws against foreigners.  They are not family. 

Nouri al-Maliki, fighting his DNA
Even if you are part of the Islamic entity, unless you are in a position of control, you are still a peon.  I watched in Cairo while the local Caliph sat in a tea shop like a Godfather in Sicily was visited by his people seeking favors, bowing, scraping, kissing the ring.  For, you see, Islam gives that Caliph or that Emir complete control over your family relations, your job, your position in society and your faith life.  He (and it is always He) has complete power over you and the ones you love.  If he grants you a divorce, a job, a prayer, you owe him.  He can collect the favor at any time.  He will not forget.

Let’s overlay this culture on Iraq.  Maliki currently has ultimate power.  He got the position because he took it and gave others power.  Why hasn’t he hurried to pass out benefits to 4 million poor people?  IMO, his embedded DNA says they should stay that way.  They are easier to control that way.  There is more in it for him if they stay that way.  Why is it so easy for him to delay social benefits?  Because he has several hundred Members of Parliament with the same DNA.  Why won’t he expedite the decision to RI or RV the currency and enrich the entire nation?  Because, in the Muslim/Arab mind, that would allow the common man, the peon, the women, to become educated and economically self-sufficient – which eliminates the need to depend on the parent theocracy – and erodes the Caliph’s power… his ability to be the chosen voice of Allah.  He says he wants to – but his gut says no – but maybe he could have more power if he did – but his ancestors and his Prophet never did – but maybe – but no – but, but, but…

The world is pushing Maliki to make his country’s currency viable on the world stage.  And some day, when the pressure becomes too great, he will do it.  But you can see it in his face… he’s struggling.   It’s against his nature to do so.  Because, Allah forbid, another tribe might benefit as well.

Monday, March 7, 2011

Discouragement Over RV Setting In


“What the (bleep) are you waiting for?”
“How hard can it be?
“Git ‘er Done!”
“These idiots are gonna blow the whole deal!”

Some Day The Cash Will Come...
Have you read these comments on the blogs?  Do you get the idea people are getting discouraged with the IQD investment?  Frankly, between the hype of the dinar sellers, the frequent “sure things” by the dinar rumorists and all the authoritative statements on the conference calls over the last year, people have become eerily quiet, like, they’ve given up.   Perhaps it’s finally settled in that we have no control and virtually zero accurate information about what is really going on – and we are beginning to feel pretty stupid about falling for the IQD story. 

There are some pretty smart, knowledgeable “git ‘er done” people in the IQD investment community.  You can tell from the posts.  The advice from most of them is, “it’s got to happen, all we have to do is wait.”  But for people who will lose their homes this month if it doesn’t happen, people who are champing at the bit to fund charitable projects, people who need funds to retire, and the guy who really wants to buy a big boat for his kids this summer, waiting is painful.

The real danger of delay is that Iraq will fall back into civil unrest, undoing most of the work, money and blood spent in creating a democracy.  It’s a very real possibility.  The final ministers aren’t ratified yet and the Parliament is talking about taking a TWO MONTH break from April to June.  Now is the time for Maliki to put the finishing touches on his government.  He is the man.  Let’s see if he’s got the guts.   Meanwhile,

“Maliki, we are waiting for you!!”
“…great, they are going backwards in democracy.”

Also meanwhile more food for disappointment… or is it???, “Mohammid my buddy for over 25 years working for B.S.I. inc. out of Baghdad said he just got the word to change computer chips in all B.S.I. vending machines throughout Baghdad and outlying cities no later than 17 MAR. He told me his Superior told him to hold his IQD also because it would soon be worth 2.77 US.”


Friday, March 4, 2011

Iraq Protesters “Days of Irritation”


"Oh, give me a home where the oil trucks roam"
You may have read about how much pressure “the people” were putting on their government on Friday February 25 with their “days of rage” protest.  Approximately 10,000 bored, hungry people showed up in eight cities carrying signs.  Out of more than 25 million citizens, 10,000 showed up.  Security forces shot a few because they were trying to burn down buildings and then they went home.  Yesterday, a few hundred came back to protest.  This doesn’t sound like much rage to me, more like “irritation.”

There’s no doubt people are pissed that the government is taking so long to provide services, but the gripe in Iraq is nothing like the gripes in Egypt, Tunisia or Libya where MILLIONS are truly enraged and thousands are dying for their cause. 

So, what’s going on here?  Are the Iraqis protesting just to be one of the gang?  Is this some kind of Maliki Theater to put pressure on the various factions, sects, caliphates, tribes and castes?  Or is it Allawi Theater to make life uncomfortable for the Maliki machine?   Or is it just some bored hungry people with sign boards.

One thing is clear.  The Iraqis have a lot less to gripe about than many of their neighbors.  And in the end, if Maliki ever gives the nation a tradeable currency, the protests will be few and far between. 

Tuesday, February 15, 2011

Disappointment in Maliki Runs Deep

Surely the RV would happen by the end of 2010, the blogs said.  Surely it would happen in January, they hoped when it didn’t.  And now that Maliki has let the Feb. 15 deadline pass without RV, disappointment has hit a new high.  Here are avatars of active people on the dinar investment fora and some of their thoughts:

“I’ve had it with those rag-hat, sand-pounding, camel-eating illegitimate sons of Abraham.  No two of them speak the same truth.  A contract means nothing.”

“The pressure is so great – from the Arab world, the IMF, the Joe Biden Band, banks, businesses with contracts, governments, investors and the 28 million Iraqi people who are starving – something’s gotta happen and if the GOI doesn’t act soon – with tangible results, everything done to date will fall apart in anger.

“Everybody’s wrong while the dinar pumpers get rich.”

“The thing that gets me is all these so-called sources on the conference calls.  They are so confident, they sound so connected.  Thousands of us thirst for their words.  The hosts bow and scrape in gratitude for the nuggets being shared but, in fact, they are as much in the dark as every other person who’s not Maliki.  It’s all smoke.”

“If we are disappointed, think how the Iraqi people must feel.  Many are starving.  Most are unemployed.  The natural Arab drive for commerce is being squelched because the currency is worthless.  Frustration, frustration, frustration.  The country remains isolated from the world because its currency is not tradeable.  And the babies die.  And the fields remain uncultivated.  And the oil waits underground.  And the ships in the harbor rust at their moorings, unloaded.”

And so we wait.

Monday, February 7, 2011

A Clash of Sources - Budget or No Budget

One of the great frustrations about following events in Iraq and especially those factors that affect the Iraqi Dinar is that the sources of information are voluminous and we can't really tell who knows what they're talking about.  There are innumerable bloggers - the best of which provide links to their sources.  There are also many news sources - which tend to contradict themselves.  And then of course there is the translation factor - we speakers of American English are just not able to easily glean the meaning of Googletranslated English from Arabic.

Whenever it happens, the banks are ready
Here is an example that happened today:
Source Number One says: "Iraqi Government Passes Budget."  We have been waiting for this for a long time; I'm about to jump out of my chair for joy.  Then Source Number Two says: "Budget NOT approved but Article 140 is passed."  Good thing I didn't jump out of my chair.  Then Source Number Three says: "An Amendment to Budget Has Passed (but not the whole thing)."  Okay, that's a step but still feeling deflated.  Then at 9:31 a.m. Source Number Four says (without a link), "Budget Reading Postponed to 2/13."  Now it's sounding like the original news is really bogus.  But then Source Number Five at 9:39 a.m. says (with link): "Budget Passed." Now I'm feeling good again.  Then the last source says:  "Budget to be voted on tomorrow."  Now, that's more like it.  Tomorrow and tomorrow and tomorrow creeps time in its own petty pace, especially in Baghdad.   But I can live with that. 

In fact, I'll just live with whatever happens, but my question is, where there is a situation as cut-and-dried as having a bill pass or not pass, why aren't the sources consistent?  IT'S DRIVING ME NUTS.  How about you?  Anybody else following this stuff?  Lemme know.  Meanwhile, fingers crossed at least until tomorrow.