dinar article

This is an excerpt from an article in the Mayaysia news. Interesting that Kuwait is used as an example.


Malaysia Star
Tuesday December 13, 2011

What is significant is the collapse of the Iraqi currency. Before the war and sanctions against Iraq, the Iraqi dinar was worth US$3.20 (RM10.10).

Eight years ago, the value of the Iraqi dinar plummeted and the country was thrown into darkness almost overnight.
Now, we can buy 1 million Iraqi dinars for RM3,200.

So, urgently, the Iraqi dinar needs to be revalued.

When the Iraqi Dinar is revalued higher, it will become more desirable to do business in Iraq, and people will be less hesitant to sign contracts and invest in Iraq.

A historical and geographical comparison; prior to Saddam Hussein’s invasion of Kuwait in 1990, one Kuwaiti dinar was worth US$2.79 (RM8.81).

After Saddam Hussein’s invasion of Kuwait the Kuwaiti dinar plummeted to a value of US$0.10 (RM0.32). When the US-led coalition removed Saddam, the Kuwaiti Dinar could be purchased for pennies.

Today one Kuwaiti dinar is worth US$3.42 (RM10.80). Kuwait is the third largest oil producing country in the world and Iraq has the world’s second highest oil reserves at 143.1 billion barrels, and 95% of Iraq’s revenue come from exporting oil.
However, Iraq needs a few things to happen before the Iraqi dinar can possibly be re-rated.

The four major elements to a revaluation of the Iraqi dinar are the Hydro Carbon Law, the government of Iraq, Chapter 7 United Nations, and withdrawal of US troops from Iraq.

There has been a lot of speculation that the Iraqi dinar might be revalued at some point as the economy has become stronger as a result of increased oil revenue.

Revaluing the Iraqi dinar is just one way for the dinar dealers and money changers to increase their sales and profits.

I saw this on another site yesterday..it sounds like someone has been reading a dinar forum's bullet points for an RV, and is trying to pass it off as fact. Thx Wind

Tuesday December 13, 2011
Malaysia Star
Make war-like acts a crime

Iraq has suffered tremendously since the invasion by the US and its allies, leading to massive damage, not only to the people but also to other parties.

THREE people who are of the wrath of God; those prone to what is unlawful, people who follow the act of jahilliyah (barba­rian) and people who kill people without rights (narrated by Bukhari and Muslim).

The purpose of Islam came to this world at that time when it was in the hands of the barbarian using law of the jungle, with the strong oppressing the weak.

This included Arab society at that time when they buried their daughters alive.

“Do they seek after judgment of (the day of) ignorance? But who, for a people whose faith is assured, can give better judgment than God?”. (Al:Maidah:50) Ref: The Quran: Text and Translation by Abdullah Yusof Ali, Islamic Book Trust. Kuala Lumpur (1994); page. 103.

According to Darwin, in nature, there are many battles to life, and not know the meaning of compassion and an eternal conflict. The strong always overcome the weak, and this makes for development.

His book entitled The Origin of Species, sums up this point under the chapter entitled “The Origin of Species by Means of Natural Selection or the Preservation of Favoured Races in the Struggle for Life”.

Former British prime minister Tony Blair and former US president George Bush have brought back the “struggle for existence” and tried to introduce elements of barbarianism in the word “terrorist”.

Both have been convicted of war crimes by a Malaysian Tribunal court for the 2003 invasion of Iraq.

The “Kuala Lumpur Foundation to Criminalise War” charged that both men knowingly ordered the invasion of Iraq under a false pretext of former dictator Saddam Hussein having stockpiled weapons of mass destruction.

The sequences of the Establishment of War Crimes Tribunal in Kuala Lumpur are one of the first steps towards eliminating war and making war as a form of violence.

Chairman of the World Peace Organisation Prime (PGPO) Tun Dr Mahathir Mohamad said it was established because the world could not wait too long to see the existence of a neutral tribunal.

“What’s important is to make everyone aware of the adverse effects of war and crimes that cause an innocent man killed, tortured as well as a nation destroyed,” he said.

“If killing an individual is considered a criminal and the murderer is brought to trial, what about a war that causes hundreds of thousands of people to die?”

Dr Mahathir believed that sooner or later the world would accept that war was a crime and condemn those who liked to trigger a war.

“When this happens, the world will be saved,” he said.

Dr Mahathir, quoting Confucius – “the journey of a thousand miles begins with the first step” – asserts the first step had been made through the establishment of the tribunal.

The US’ and its allies’ attack against Iraq has led to massive damage, not only to the suffering people of Iraq but also to other parties.

Journalists killed: 150, 98 by murder and 52 by acts of war; journalists killed by US forces – 14,

Iraqi police and soldiers killed: 10,125, as of July 31, 2011.

On Oct 22, 2010, ABC News reported “a secret US government tally put the Iraqi (civilian) death toll at over 100,000”, information that was included in more than 400,000 military documents released by Wikileaks.com.

A UN issued report dated Sept 20, 2006, stated that Iraqi civilian casualties had been significantly under-reported. Casualties were reported at 50,000 to over 100,000, but might be much higher.

Some estimates placed Iraqi civilian casualities at over 600,000.

Iraqi insurgents killed was roughly estimated at 55,000; non-Iraqi contractors and civilian workers killed totalled 572; non-Iraqi kidnapped totalled 306, including 57 killed, 147 released, four who escaped, six who were rescued and 89 whose status were unknown.

Iraqi refugees in Syria and Jordan were estimated at 2.1 million to 2.25 million, Iraqi unemployment rate at 27% to 60% where curfews were not in effect, the Consumer Price Inflation in 2006 recorded 50%, and 28% of Iraqi children suffered from chronic malnutrition as at June 2007 (per CNN.com, July 30, 2007).

Forty percent of Iraq’s professionals have left Iraq since 2003. Before the 2003 Invasion, Iraq had 34,000 physicians, 12,000 of whom have left since the 2005 invasion.

In addition 2,000 Iraqi physicians were murdered since the 2003 invasion.

Other statistics: Average daily hours Iraqi homes have electricity: 10.9 in May 2007; average daily hours Baghdad homes have electricity: 5.6 in May 2007; Iraqi homes connected to sewer systems: 37%; Iraqis without access to adequate water supplies: 70% (per CNN.com, July 30, 2007).

What is significant is the collapse of the Iraqi currency. Before the war and sanctions against Iraq, the Iraqi dinar was worth US$3.20 (RM10.10).

Eight years ago, the value of the Iraqi dinar plummeted and the country was thrown into darkness almost overnight.

Now, we can buy 1 million Iraqi dinars for RM3,200.

So, urgently, the Iraqi dinar needs to be revalued.

When the Iraqi Dinar is revalued higher, it will become more desirable to do business in Iraq, and people will be less hesitant to sign contracts and invest in Iraq.

A historical and geographical comparison; prior to Saddam Hussein’s invasion of Kuwait in 1990, one Kuwaiti dinar was worth US$2.79 (RM8.81).

After Saddam Hussein’s invasion of Kuwait the Kuwaiti dinar plummeted to a value of US$0.10 (RM0.32). When the US-led coalition removed Saddam, the Kuwaiti Dinar could be purchased for pennies.

Today one Kuwaiti dinar is worth US$3.42 (RM10.80). Kuwait is the third largest oil producing country in the world and Iraq has the world’s second highest oil reserves at 143.1 billion barrels, and 95% of Iraq’s revenue come from exporting oil.

However, Iraq needs a few things to happen before the Iraqi dinar can possibly be re-rated.

The four major elements to a revaluation of the Iraqi dinar are the Hydro Carbon Law, the government of Iraq, Chapter 7 United Nations, and withdrawal of US troops from Iraq.

There has been a lot of speculation that the Iraqi dinar might be revalued at some point as the economy has become stronger as a result of increased oil revenue.

Revaluing the Iraqi dinar is just one way for the dinar dealers and money changers to increase their sales and profits.

Sorry didn't know this was posted but I just posted the full article here:

https://dinaroutcast.forumotion.com/t9057-malaysia-starmake-war-like-acts-a-crime

Malaysia just had a court hearing on Bush and Blair for war crimes.

Yepper, double post, I should have posted the entire article instead of just an excerpt.

merged threads

other than the portion about the currency....this article was nothing more than a laft wing liberals wet dream, like a court in Malasisa has enough stroke to get either of em arrested.....and part of the reason we went there was to clean up a situation that should have happened during Desert Storm (the removal of Saddam) but we all know that would have put the power of OPEC into even worse hands.