Kaperoni "the CBI is Revealing" Chat 3/6/2012

[ronscarpa]

Kaperoni "the CBI is Revealing" Chat 3/6/2012 @DinarAlert Chat Room 4pm CST

kaperoni: Today’s chat is a dinar chat. I know I will get bashed for trying to put a finger on this, but I wanted to do so to give everyone a sense of reality. I pulled some great information together to clear up the picture.

kaperoni: Your going to love this!

kaperoni: Let’s get started…

First article…

kaperoni: New banknotes to be introduced in September:Iraqi Parliament to introduce the new banknotes in September 2012

kaperoni: Quote…

kaperoni: "According to the agreements, the new bill will be printed by a European company and introduced to the market gradually and in a well-planned schedule to ensure it will not result in shocks and would not have a negative impact on the market," explained MP Khalil. He added the exchange rate between the new banknotes and the old ones would be 1:1,000.”

kaperoni: This is an extremely powerful statement.

kaperoni: I was thinking about this today…1:1000.

kaperoni: Let me tell you exactly what they are saying here. This is telling us no LOP or re-denomination is going to happen. Because they are telling you the difference between the “old and new banknotes”. In order for this to be true, the notes have to be honored at the printed face value. If, for example, a LOP or re-denomination occurred (changing the value), they would state the exchange rate between the new and old notes would be 1:1, meaning they now have the same value or a neutral event. But that is not the case. They are clearly stating 1:1000.

kaperoni: Next quote…

kaperoni: “The objective behind this move is to appreciate the value of the Iraqi dinar against the U.S. dollar, which would in turn increase the balance of the Iraqi dinar and there would be sufficient reserves of that currency," explained MP Khalil. “

kaperoni: Clearly. this statement confirms what I just stated...that the dinar is appreciating (RV). This is confirmation of the revaluation!

kaperoni: Next article….

kaperoni: Financial expert: dinar was equal to the dollar over the next two years, thanks to the policy of the Central Bank

kaperoni: Quote…

kaperoni: “The Central Bank earlier announced that the near-level policy work to stabilize the dinar to US dollar while at the intermediate level and leveling will near dinar against the dollar.”

kaperoni: This is another great quote…we get a few “keys” here. 1. The rate will be near the dollar. 2. The CBI calls this the “intermediate level,” clearly implying there will be another level. There is no specific timeframe mentioned for that higher level.

kaperoni: Next article…

kaperoni: Raise zeros from the Iraqi currency at a seminar center Mustansiriya

kaperoni: This Symposium just occurred on February 27th . That was just 9 days ago.

kaperoni: Quote…

kaperoni: “the issue of maintaining the value of the currency after rename (lifting of the zeroes),”

kaperoni: I love this quote. They realize the “delete 3 zeros” is also confusing to the Iraqi people, so they refer to this event now as “lifting of the zeros”. Huge difference and confirms what we been saying all along. That this event is merely a transition, a collection of larger notes, rate change, and new lower notes. Next quote…

kaperoni: “…as well as its role in enhancing the confidence of the citizen and investor in the national economy, especially with the continued effectiveness monetary policy to control inflation within acceptable levels, as well as the stability of the exchange rate of the Iraqi dinar.”

kaperoni: This quote tells us more of the plan…that this event will encourage Iraqi’s to use the dinar, the investor to participate in the economy, but more importantly, it gives the CBI the tools to continue the “effectiveness” of the monetary policy and “control” inflation. Clearly, Shabibi’s policy has been effective and successful.

kaperoni: Next quote…

kaperoni: “At the end of his speech made ​​by Dr. Rawi audience with astonishment when I get out of his bag transparent portfolio contains several versions of the coin of the Iraqi dinar category…”

kaperoni: Well this tells us they have coins ready. Or at least samples to show. My thought is they have them ready to come out.

kaperoni: Last quote is a longer one…

kaperoni: “The positive effects of other process of change and delete the zeros referred to by the researcher is to end the phenomenon (dollarization) in the daily dealings,The researcher concluded the preparation of the Iraqi Central Bank's strategy long-term viable future, when the availability of the appropriate opportunity and gradually according to clear instructions and regulations, guidelines provide protection for the rights and interests in line and the stage of prosperity coming and expected economic growth; to increase the average per capita income in the coming years to more than once , in addition to what it takes to progress from the Iraqi economy, steps to repair the waste stages of inflation, in particular the issuance of some legislation in this regard.”

kaperoni: I will break this down into 3 parts…

kaperoni: This “lifting of the zeros” will have a “positive effect” and will end the problem with “dollarization”. That simply means the rate has to be over 1 to 1. Again, as mentioned above, it supports just over 1 to 1 (1.17 to $1). There is no arguing about a .10 cent rate. Or even a .25 cent rate. This statement tells you clearly that just 10 days ago they told the Iraqi people it will end the issue with dollarization.

kaperoni: The next part of that statement is also amazing…they are telling the Iraqi people this event (stage) will bring “prosperity” and “economic growth.”

kaperoni: You also see they mention the overall result will be the Iraqi economy, fix inflation issues, etc.

kaperoni: Very forthcoming, very direct...

kaperoni: Great stuff and very telling information. We're very close to this event happening.

kaperoni: Done

[jeepguy]

thanks for the posting ron ,,,, would be nice if they are stateing that september the new notes will be completed by september,,,, meaning they are now starting the process and the rate will soon be as you posted above ----- whoooo hooooo bayyyyyyyyyyy beeeeeeee `sssss { lady dinarians }

[caz1104]

Ron,thanks for bringing this over........................................... Get ready they will be here shortly. Best to all

[mrref]

Thanks, great post.

[Alex38]

Nice!

[precious1]

Thanks for the post, Ron! I DO indeed like reading this breakdown~and am lovin the speculation on what the rate could be. NO to the dreaded L0p and Yes to the RV!

[azgoldengirl]

Thanks for the post, Ron! I DO indeed like reading this breakdown~and am lovin the speculation on what the rate could be. NO to the dreaded L0p and Yes to the RV!

Very nice.... Thank you for taking the time to break it down into chewable paragraphs! Much appreciated

[ddcoming1]

Wow. If all it true????????????????? The sale of IQD should sky rocket in the next few days.

I hope it is all true, but I am not putting my house on the market.

[cmsuper]

Great post Ron: thanks for the breakdown!!!

[Elixirbaby]

Get er dun boys. Pretty please with cherries on top.

[azgoldengirl]

Oh...I forgot to add, Today I was asking GID about an order I had placed but not yet paid for and this is the response I received. "You may want to complete your purchase in the next couple of days." I asked if that was because it may expire and she said..."no, that is not what I mean". followed by silence. Then just left it at that! Gave me goose bumps!

Take from it what you will~

[caz1104]

Oh...I forgot to add, Today I was asking GID about an order I had placed but not yet paid for and this is the response I received. "You may want to complete your purchase in the next couple of days." I asked if that was because it may expire and she said..."no, that is not what I mean". followed by silence. Then just left it at that! Gave me goose bumps!

Take from it what you will~

Oldest sales trick if she's on commision(creat urgency),hopefully not.Best to all

Edited March 6, 2012 by caz1104

[HopefulTxn]

Sorry, but an exchange of 1,000 old dinars to 1 new dinar is NOT the outcome that anyone speculating on the dinar wants...

He actually has it completely backwards... We want the dinar in Iraq to be exchanged in Iraq at a 1:1 ratio, simply because it would mean that the old and new dinar held the same purchasing power. At a 1000:1 ratio, it is being stated like other countries have done where the purchasing power of 1,000 old would equal that of 1 new, which is NOT what we want...

We all want this to happen where the IQD is a boom to our bank accounts, but the quotes he is using are not supporting those hopes... He is using the statements that support the previous statements of 25,000 dinar would become 25 dinar (1000:1) and saying it is 'good news'?

In short, we don't want a 1000:1 rate of exchange of old dinar to new dinar, we want an exchange of 1:1 with huge increase of value of exchange per dinar...

We can hope that is their intent, but the statements he is using are not supporting that hope but contradicting it...

[caz1104]

Sorry, but an exchange of 1,000 old dinars to 1 new dinar is NOT the outcome that anyone speculating on the dinar wants...

He actually has it completely backwards... We want the dinar in Iraq to be exchanged in Iraq at a 1:1 ratio, simply because it would mean that the old and new dinar held the same purchasing power. At a 1000:1 ratio, it is being stated like other countries have done where the purchasing power of 1,000 old would equal that of 1 new, which is NOT what we want...

We all want this to happen where the IQD is a boom to our bank accounts, but the quotes he is using are not supporting those hopes... He is using the statements that support the previous statements of 25,000 dinar would become 25 dinar (1000:1) and saying it is 'good news'?

In short, we don't want a 1000:1 rate of exchange of old dinar to new dinar, we want an exchange of 1:1 with huge increase of value of exchange per dinar...

We can hope that is their intent, but the statements he is using are not supporting that hope but contradicting it...

That did'nt take long

[HopefulTxn]

That did'nt take long

It's not what I want to have happen... I want the big payout like everyone else, but the 1000:1 old to new is simply not describing that...

I hope that it is all smoke, but that's not what he is calling it... He is stating it's a 'good thing', when in actuality it's not...

Look at it this way, what we are hoping for with Iraq is something that pretty much everyone would agree has never happened... Yet countries have performed 10:1 , 100:1, 1000:1, 10000:1, 1000000:1, etc. exchanges, and we all realize what those were.

You don't know me, but I truly hope that this happens in the manner in which has been described. It would ease a lot of issues, for obvious reasons... But the context in which he is stating is 'good news' simply isn't...

What we are looking for is a 1:1 from old to new, with a large increase in value against foreign currency...

Edited March 7, 2012 by HopefulTxn

[caz1104]

Hopefultxn-No worries,we all hope for the best

[katie45]

Hopefultxn, i think you need to look at exactly what they are saying. They are comparing dinar to dinar not dinar exchange rate to USD. I read this article and they are talking about the difference in exchange rate between dinar. That is good news for us. not bad. That confirms what kap says.

[sportfisher]

Sorry, but an exchange of 1,000 old dinars to 1 new dinar is NOT the outcome that anyone speculating on the dinar wants...

He actually has it completely backwards... We want the dinar in Iraq to be exchanged in Iraq at a 1:1 ratio, simply because it would mean that the old and new dinar held the same purchasing power. At a 1000:1 ratio, it is being stated like other countries have done where the purchasing power of 1,000 old would equal that of 1 new, which is NOT what we want...

We all want this to happen where the IQD is a boom to our bank accounts, but the quotes he is using are not supporting those hopes... He is using the statements that support the previous statements of 25,000 dinar would become 25 dinar (1000:1) and saying it is 'good news'?

In short, we don't want a 1000:1 rate of exchange of old dinar to new dinar, we want an exchange of 1:1 with huge increase of value of exchange per dinar...

We can hope that is their intent, but the statements he is using are not supporting that hope but contradicting it...

You are absolutely correct, and the statements by kaperoni are totally clueless.

[HopefulTxn]

Hopefultxn, i think you need to look at exactly what they are saying. They are comparing dinar to dinar not dinar exchange rate to USD. I read this article and they are talking about the difference in exchange rate between dinar. That is good news for us. not bad. That confirms what kap says.

I realize that, but that is where the problem lies...

We can all agree that what we are all hoping to have happen to the IQD is something that has never happened before.

The problem becomes exchanging a number of old currency for new is something that has happened many times before. From 10:1 up to 1 million:1, and they all left the current owners of that currency worth the same the day before it happened as the day after it happened.

What benefits us as speculators the most, would be a 1:1 old dinar to new dinar with a huge increase in value against foreign currency. That is where our prize truly lies.

If they do a 1000:1 exchange, it severely diminishes the hopes that we all had for what the dinar could bring us.

[Sweetybird]

Sounds great. I do like Kaperoni. He seems to know his stuff, and he does'nt throw our rediculous rates. Actually, there was an link to a Kaperoni chat on here a few days ago and I listened to it; 2 hours long but very interesting. I've tried to find it to send to a friend and can't locate it. Seems like Easyrider or Stryker had put the link in. If anyone knows where I could locate it, I'd appreciate your help in finding it. I've looked for it today but don't know my way around here very well yet. Thanks for all y'alls patience with a newbie...

[sportfisher]

Hopefultxn, i think you need to look at exactly what they are saying. They are comparing dinar to dinar not dinar exchange rate to USD. I read this article and they are talking about the difference in exchange rate between dinar. That is good news for us. not bad. That confirms what kap says.

"kap" has it all wrong. 1000:1 currency replacement exchange is a 3 zero "redenomination" and is not good. It is a value neutral scenario, but you would need to exchange if even possible and that would have a cost.

[powerpager]

Great 1 Kap & ron !!!

[Elixirbaby]

Hopefultxn, i think you need to look at exactly what they are saying. They are comparing dinar to dinar not dinar exchange rate to USD. I read this article and they are talking about the difference in exchange rate between dinar. That is good news for us. not bad. That confirms what kap says.

Hey everyone, Katie's first in-line to cash out. Dang it. Katie, can you hold a spot for me.

Go RV

[jeepguy]

Hey everyone, Katie's first in-line to cash out. Dang it. Katie, can you hold a spot for me.

Go RV

hahahaha i saw that also ---- uhhhhhh kind of striking pose also ,,,, might forget why we were in line

[keepmwlknfny]

No offense to anyone here but this is one of the reasons why Kap won the d o u chebag award!!