EagerInvestor

Dinar-ify me please!

First an observation as I am sure most people know Warka is basically being babysat and retooled by the CBI. This was done under the guise of stopping corruption and being sure that capital that was suppse be in place was there keeping them in line with banking regulations, correct? This in an of itself is a great thing I mean image if the fed had looked into their trillion dollar crystal ball and stepped in before Lehman and Bear Stearns went the way of the dodo. However I recently listened a CC where Delta said something along the lines of the CBI deciding to handle RV related matters via goverment bank in order to better control security and; I assume the distrubing of the LD's in time. My question is is purely coincidental that not only Warka but another large private (if it is private, can't remember the name) is in "guardianship" of the CBI? I would think most whale investors are not stockpiling cash but have Warka accounts particularly if they wanna divert a portion of the profits from the prying eyes of the irs quickly. Flying cash to the Caymans is much harder than pressing "send tranfer" on a screen, no? An since the bulk of foreign investor money is in Warka wouldn't making a hub for all things RV under the watchful of the CBI make sense? Branches throughout the country, armour trucks familar with routes, ATM and electronically advancements beyond their competition just seems to have some logistical simettry to me. Also I believe the CBI/Forex can only increase rates 2% every two weeks, correct? This puts a rate nearly 10¢ (if it RV'd today) to get better than 1 dollar (1.21 if my math is right) by September which the speculated deadline for LD release. This also goes along with Adam's 10¢ initial rate theory. My question is with Warka's slow response/turnaround period, what happens if we request funds be transfered buta rate hike happens before the initial process takes place? On second thought this might have answered itself. With Iqd and usd accounts you'll know pre-fee rate before you tranfer, nvm. However if the LD's are truly slated for septemer and even better tarrifs in June that initial rate would be forced to increase each day they delay in order to reach a 1 to 1 exchange in time with the LD's introduction, correct?

I did not see anyone make this connection to your post, but what is most intriguing to me is not the 1/5 of a penny but the other side of the equation...how is two dinar possible with no LD's or coinage currently circulating?

Lets say for arguments sake this unthought-out drivel was true, that would mean Wells Fargo is willing to shell out roughly 26 cents per dinar (give or take a penny), but if history has taught us anything this means WF is expecting a dinar RV of a minimum of lets 76 cents which is just about the true value of a dollar (1:1 exchange). This also indicates they would be expecting the RV in the very near future as I do not see them stockpiling dinar for several years for the CBI to institute new monetary policies; as recent articles would suggest, and they risk the supposed pending re-denomination (prior to them making any kind of gain). So it would point to RV, soon and before RD...However, no bank as large as WF with coffers connected to some of the world's billionaires including the Omaha Oracle himself Mr. Warren Buffet is gonna be cold calling grannies and grandpas like a first year trader riding a deskchair at Stupid & Stupid Investments LLC, for what amounts to fist fulls of couch chain worth of dinar. They would rather have your long term business after RV and/or buy a few billion of dinar. So this rumor, while rooted in logic got lost in translation. Someone was counting on short term desire and ignorance to out weigh long term intelligence. Thanks, but not thanks...oh and if it true I agree with previous posters, cash in quick and buy more dinar and there is also this bridge in Brooklyn I know of if your interested lol

Is there not a section of this article that states that in order for the CBI to RD that the exchange rate must bee "improve" prior. If you want too stabilize your economy you've gotta give your currency some traction. Also was there not a previous article that state they in to print 30 trillion in new currency to.replace the existing currency? If a LOP was imminent why replace the 30 trillion in large notes for 30 trillion in LD/Cons? Wouldn't the.best to draw in the larger notes; particularly those held outside the country be to give them a greater value? Even a modest .10 cent would draw in pools of circulated and circulated large notes which can then be destroyed and/or restricted to governmental and banking institutional use only. Not to mention if the CBI is sincere about drawing in investments abroad a strengthened currency prior to restructuring seems far more appealing IMO. Any thoughts?

Correct me if I am wrong but don't articles like this signify and solidify the notion that chapter 7 will be ending sooner rather than later? As I understand it full military control is one of the only hurdles left.

I do not post as I am more of a highly interested and vested observer but at the moment I have an overwhelming urge to say "IT WASN'T ME...IT WAS THE ONE ARMED MAN!" lol

1. When I said research research is indeed what I meant, I did as you put it scoure the forums, I also spend about 2-4 hours a day at the library, reading various papers, and making calls to economist and financial people I come across. However I was be sure and quote several sources and bring any and all information. I titled my post as I did because the paper was a research paper, not to imply I was an lexicon on the subject quite the opposite. What are you thoughts on the paper in its entirety, I assume you've read it several times. 2. I did not have time at this juncture to read it nor did I know it was pinned; if you read my post in the beginning I did in fact say it had most likely been posted already however I wanted to bring up the issue in a new post as result of Shabibi's words just yesterday and to guage with fresh eye of those who perhaps had not come across it previously like myself 3. This may very well be the case, but if a LOP with no RV every person seeking to convert Dinar to Dollars is going to have a problem, this would mean absolutely no gain what-so-ever. So your essentially predicting a LOP than a gradual RV there after? This could be but it reminds me of an old Abbot and Costello joke if the government removes large bills from circ say 25k/25 note, does that mean the 25k was never actually worth 25k dinar basically? People have mentioned it before but i'll bring up again, the U.S. once had 100,000 bill if I found one I could take it to any bank get the FACE VALUE of that bill. Without an RV the government will be seen as having looted its grandmother's out of their savings (2 10's for a 5) and even with one a LOP will cause a backlash the likes of which will splinter the GOI and set back progess IMO. Just imagine if you woke up and your 200,000 saved up was suddenly 200. under a democracy thats political suicide for whomever is in charge.4. I am unsure if your being sarcastic here (not very constructive nor opening up any kind of meaningful dialog) or you ACTUAL think thats what I meant. I meant Iraq sharing its oil profits with ITS people. Not me personally, that is a dream for sure. Thanks for your feedback Froto

Thanks everyone for the positive feedback, I want to apologize for the typos I did not proof read before posting obviously. I also want to add that the idea of American's getting paid in anything but The Great Greenback is ridiculous. About 3-4 summers ago I read an article that superstars and super models were asking to be paid Euros. Model Gisele Bundchen who spends about 80% of her time in the US asked to be pain millions in Euros. Although a few years later I'm sure shes regretting that decision with the Euro circling the drain. The point is the people with the most money surely know where to put it and we are backing away from the US Dollar and in fact headed more toward a one world currency though I'll save my NWO rhetoric for another day lol. Likewise, the Big Love state of Utah is attempting to push forward initiatives to legalize gold and silver as legal tender. I view this as first step in return to The Gold Standard (See final link for a tutorial presented by economic "Uncle Milty lol) if it works out or perhaps "The Oil Standard" and at the bare minimum and reexamination of Bretton Woods; (No he is not the illegitimate brother of actor James Woods lol) post Tricky Dix, which would also be what our country needs. We are printing up money that essentially back by...NOTHING and we have assets yet our government is becoming a giant Ponzie scheme that would make old man Madoff look like he was snatching purses and rolling old ladies in the park. I have heard many on this forum refer to the dinar potential toilet paper well this may be true lets call it a good ol' cheaper than cheap one ply like they have in the hospitals, but rest assures when you reach in your pockets at the end of each you are indeed....SQUEEZING THE CHARMIN; albeit 2-ply, as well! Our local economies are reflecting our government outlook. Look at it as a child who learns for his parents. Uncle Sam's is raising a nation who is living on its credit cards because he himself is living on his credit cards. If your not spending your money your spending someone else's which is find right up until that loan with the astronomical interest rate comes due! C'mon Sam, its economics and common sense 101! http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCs.keWwNdiY&refer=home http://www.sltrib.com/sltrib/home/51364301-76/silver-gold-legal-tender.html.csp

Hi Everyone, During my LOP research this week I discovered on another site a post containing a link to research paper which appears to outline the history of LOPPING currencies in other countries. It looks to have been written and posted way back in 05 and I do not see any mention of Iraq although I have barely skimmed the paper. I thought some of you with more time to do so might want to take an in depth look and give me and your fellow investors some insight on it. This may have been discussed on the site before but considering what Shabibi said in his brief brief I thought it could use some revisiting if it had been. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1347407 Also I wanna address my personal thoughts on a LOP. I do not see this a practical option. Under a dictatorship it is very simple to manipulate the financial freedom of the people of country; however, when boasting a "new democracy" platform it is extremely ill advised to muck up the works. Introducing the 000's sent the Iraqi people into a bit of a tailspin having dealt with smaller denominations during the Saddam era, here we are now some 8 years later with talks of reverting. IF and I use the word if a LOP occurs it would have to be at a substantial RV rate to kind of head off the barrage of people who at this moment think they have a hefty savings which if returned to the old rate should net them a profit worthy of a country with sooooooo much oil that everybody gets a share of profits (<---do I have this right). Imagine as a US Citizen walking into a bank and getting told your 2,000,000 dollar savings is now 2,000. If it true that cost of living changes as well, even if a can of soda is now .25 how long will 2k last. We as Americans under a democracy would be livid particularly if we know for a fact you can almost stick a straw in any part of the ground and spring a multi-billion dollar leak that would put Jed Clampet to shame. As investors we talk often of "our" profits, but what of the war-torn Iraqi people. Just what were they told when the 000's were introduced? Were they told about inflation? Do you think your average Iraqi knows what the word inflation means? Or were they told "You have be under oppressive rule, give us time you will receive that which is owed to you in spades!" With the massive unrest in the M.E. and their newly rediscover talent for revolution...this would a disaster; although, and excellent way to oust M if this is the goal. Now, in terms of X amount of dinar in circulation, and removing the 000's what catches my eye with the recent debate is not the "removing of the zeros" headline but the "process is 80% complete" part. A LOP would be the start of the process rather than the end of one would it not? Once you get rid of the zero's you then have to collect the large notes, and issue new ones. Then every contract signed under old rates would have to be reviewed and adjusted. Why? Well you can certainly tell and Iraqi farmer "Bring me you 25k note and I'll get give 25 new dinar" buttt when you sign a contract for 25 billion dinar lets say...all best are off. I am quite sure many companies are not immediately exchanging dinar for cash nor do I think everyone is getting paid entirely in us dollars. You go to Japan every business will have a little yen and us dollars in the till. More yen then dollars because your in Japan. IF there truly are 30 trillion dinar, thats roughly 10x the circulation U.S. currency as of 2008 sooooo no matter how you slice that pizza for every 1 dollar Iraq there are about 10 dinar. Meaning even in terms of just in-country operating capital dinar is being used daily particularly by companies who plan to remain after the major infrastructure boom has ended. McDonald's, Starbucks etc. want a foothold on potential new locations. This is done in US dollars for the short term but not for long. On-the-other-hand, "80% complete" meaning 80% of large notes removed would signify and ending, as in the remaining 20% is intermingling smaller notes and raising the value with an RV of at least .86 cent though most likely between 1-3$. Finally, why .86-3 dollars? its quite simple. Pegging yourself to the US dollar facilitates trade. Iraq needs not to be bullied in the markets by countries with bigger badder currency and a gradual RV would mean being attacked by currency killers like Sorros. Now, I will get replies about why not by in up now because you manipulate the market by buying DURING an upswing and selling DURING a downturn. Currency traders are indifferent too stability and buy and hold or value investing does not work. Millions are made and lost not by the weekly rally but rather the millisecond where currency shoots up and down a nickel or two. If the dinar has been at 1170 for a long time it means there is equal chance it will rise or fall but if were to 900 that means it will most like go lower or RETURN at or around what it was. As the fall of the British Pound in the 90's showed its movement and manipulation that drive currency speculation. I look at it like a climber climbing a hill you stock and bond holder they investing in the hill itself. The hill will get walked on and face climate change BUT its value is ownership of the hill. Currency trading you are investing in the climber. He means diddly squat to you just sitting there. In fact, the longer he waits to climb greater are his chances to fall, you want him moving. In any case, I look forward for some constructive feedback on my post, no bashing needed, and I apologize for its length. The bottom line, if it LOP's we make a profit if it doesn't we make a profit. However the people of Iraq lose out on LOP IMO and they are what it comes down too. After the Egypt and Lybia debacles I believe the Iraq people will further revolt and what process has been made and could be made in the further will be set back. I think the removal of the larger notes, the reintroduction of smaller notes and RV at a rate which keeps the market stable and competitive is what should be and will be done. Thanks

Hi Everybody, This is my first post; however I do not consider myself to a "Newbie" by any means and you won't see any old articles or yesterday’s news posted by me as I do my best to stay current on everything including the latest rumors. I have been invested for a little over a year now, during which time the investment has had ups and downs to say the least. I am using to make this initial post because I feel this topic to be one of the most relevant on the board. A year ago when I got into this I did so having a healthy knowledge of investing (Stocks, Bonds, ect) and came into it as a skeptic so needless to say I was glad to locate a website like this where I could gather knowledge. I am also a member over at DD where I discovered everybody’s favorite "guru" Okie and can honestly say I used his post about the then impending government formation as a starting point to then do my own research. If a post was incorrect or inconsistent Okie usually offered an explanation which again I could research and sure enough a few days prior to the announcement of the end of the 8 or 10 month election debacle I read a post advising that we keep an eye on CNN/WSJ/NY Times for the news that the dispute had ended...and it came to fruition! In contrast, during this time I also read some Terry K post and it was plainly clear that these post held no merit almost immediately as they were simply random rates with no explanation as to why this particular rate or kind discernable path for me to do my own research. Likewise, TK also gave/gives no explanation as to why these predications don't come about, the next day there is just another post with a new rate and/or date. This kind of vague and almost crass disregard for the investment helps no one and is downright annoying. This aloof manner did not appear to be exhibited by Okie...until he started openly representing the G.E.T Team! Now, as I said I have been in this for only a year and from what I gather Okie has been around for a long time and many of you have stated he has no track record to speak of which very well be true but for me in the beginning of my Dinar journey Okie's post were a great launch pad for my own inquiries. That being said however lately his tone within his post is far more stand-offish and there a hint of mockery and ambiguity that is seems to be classic G.E.T Team IMO though I still feel like Okie provides actual information (right, wrong, or utterly ridiculous). I say all of this to say that "intel" is a starting point and the constant bashing people contributes nothing. When I started viewing the site a year ago everyone was friendly and encouraging even with bad info now every other word; particularly in the rumors sections, is pump this and pump that. Can someone explain to me just how "pumping" works? If pumpers are getting paid by dealers is in dinar or dollars? If dealers are paying in dinar that would imply that both the dealer and the pumper firmly believe the RV will happen. If it’s going to happen both the dealer and pumper (as well as us) would benefit from it happening sooner rather than later. If they are getting paid in dollars than is it per post? How do dealers know how many post a pumper posted? How do they know which post caused investors to invest more money in dinar? If evvvvvvvvverybody is pumping does that mean the dealers are paying everybody accused of pumping? That is a lot of money going out with no RV! Has anyone been approached by a dealer to "pump", I know I haven't. In fact, all of my dinar is in a Warka account so I have never been pumped by anyone. Not to mention we are all adults here, capable of complex thought and reasoning. If you go into a casino and place your rent money into a nickel slot, is that your fault or the casino's? If you notice someone throwing their money on a crap table because someone is yelling "LET IT RIDE" do you immediately accuse that person of pumping or better yet do you yourself leave the casino do to your outrage at the miscarriage of justice...no! Your either gamble or you don't! Also the phrase "pumping" is becoming as bothersome as "Obamacare" lol, if we as investors over extend or sell our cars, jewelry, or homes for dinar we are not being "pumped" we are being STUPID! I do not support the deliberate and willful misleading of others particularly those invested in dinar but all positive rumor post cannot be a pump. Nor can every rumor be false, or every bank story or friend of friend story. How many of us got into this investment because we were told by a friend? And even if 99% of the rumors were false that still leaves 1%. If those who dedicated to bashing rumors used that same energy to find their own intel even in rebuttal there would be so much more truth out there. For those who might say I seem to not understand the frustration associated with the investment as I have not been in it long enough I assure you I do. I liken it to a quote by John Voight in the movie National Treasure where his son; a treasure hunter tells him he's located a clue to which he replies "...and that will lead to another clue, and that will lead to another clue..." The rumors that say "this week", "tomorrow" lead to "next week", "few more days" and it’s a vicious and never ending cycle. However when I started those rumors were "another month” then "another week" and now "another few days" and while all the rumors used to wildly different they seem to have become a far more general consensus...we are just about there! It is my sincerist hope that those season pros weary of the investment and those new to it and heavily impaitent try find a more positive and productive middle ground because the dismissive and blatant neagivity has taken something away from the site