63 replies to this topic

[Lorre]

Imf: They are making progress!!
http://www.iraq-busi...-iraqi-economy/
Have a great one!

[SWFloridaGuy]

Hey Kamel, great to see you on this beautiful Tuesday afternoon.

[jackster]

For someone who thinks this is a hopeless endeavor, you spend a lot of time on a dinar blog. I didn't spend my afternoons with the Heaven's Gate Cult, for the simple reason I didn't believe the Hale Bopp comet would help me hitch a ride on an alien space craft. It's none of my business why you spend your time on dinar blogs, but if I was you and I thought there would be no movement on the dinar for years, I would spend my time elsewhere and check back in a few years. This makes me think you do believe there is a chance and are just fishing for reasons to believe or find encouragement.

Well, I'm not seeking encouragement.

I could be searching for a reason to believe. So many people that frequent these forums believe in the imminent RV. I'm talking about a 1:1 RV that will either occur later this year or should have already happened.

The pitch was that roughly $1200 would get you 1 million IQD or more. Then, because the Dinar was $3.41 or there abouts, it will RV to that same exchange rate.

No doubt that the IQD will increase in value. But just how much will it increase and how long will it take? Stock brokers will tell you that they think a certain fund or stock will gain value or a certain period of time. Buy low, sell high. Get in and then get out. I say that the IQD may double in value, but over the next 10 years. Gold went up 4.5 to 6 times since 2003. That was a good investment. And gold was talked about and advertized outside these forums. It was no secret. Fox Business, CNBC, Motley Fool, Wall Street Journal, etc...... none of them talk about any rumors that would suggest an upcoming increase in IQD value, let alone a huge RV. How is it that the IQD gurus do not have their own talk show?

I find very little to support an RV over 10% within the next 12 months.

It's a nice day to go fishing.

[KamelKeeper]

Hey Kamel, great to see you on this beautiful Tuesday afternoon.

Ditto SWFG!

[KamelKeeper]

Well, I'm not seeking encouragement.

I could be searching for a reason to believe. So many people that frequent these forums believe in the imminent RV. I'm talking about a 1:1 RV that will either occur later this year or should have already happened.

The pitch was that roughly $1200 would get you 1 million IQD or more. Then, because the Dinar was $3.41 or there abouts, it will RV to that same exchange rate.

No doubt that the IQD will increase in value. But just how much will it increase and how long will it take? Stock brokers will tell you that they think a certain fund or stock will gain value or a certain period of time. Buy low, sell high. Get in and then get out. I say that the IQD may double in value, but over the next 10 years. Gold went up 4.5 to 6 times since 2003. That was a good investment. And gold was talked about and advertized outside these forums. It was no secret. Fox Business, CNBC, Motley Fool, Wall Street Journal, etc...... none of them talk about any rumors that would suggest an upcoming increase in IQD value, let alone a huge RV. How is it that the IQD gurus do not have their own talk show?

I find very little to support an RV over 10% within the next 12 months.

It's a nice day to go fishing.

I am going to say something that sounds so trite and so empty of meaning, but here goes: Why are you here?

Do you want to educate the ignorant masses, engage in simple banter, a self righteous indignation expose', pop grandma's last dream, bored and just looking for some cheap entertainment, what? I am always curious about obviously intelligent people, like yourself, that come on board and try to sail us into the reef in a sea of sharks. Captain Bligh, what gives? And this is not the first time we have heard your diatribe on the revaluation, and we are still here. We are not simpletons: we are selective, we research, we analyze, we make decisions, and we decide who knows their stuff, who to befriend and who to trust...and we are still here, together.

Edited by KamelKeeper, 12 June 2012 - 03:14 PM.

[KamelKeeper]

Too late to edit, but when I made the statement below, I meant to say that we have heard others diatributes on the revaluation.

And this is not the first time we have heard your diatribe on the revaluation

[Realdinar]

Too late to edit, but when I made the statement below, I meant to say that we have heard others diatributes on the revaluation.

And this is not the first time we have heard your diatribe on the revaluation

We are a happy family! Me...you....us...and shabs. Goooo rvvvv!!!!!

[KamelKeeper]

I think it's Uncle Shabs, isn't it?

[jackster]

I am going to say something that sounds so trite and so empty of meaning, but here goes: Why are you here?

Do you want to educate the ignorant masses, engage in simple banter, a self righteous indignation expose', pop grandma's last dream, bored and just looking for some cheap entertainment, what? I am always curious about obviously intelligent people, like yourself, that come on board and try to sail us into the reef in a sea of sharks. Captain Bligh, what gives? And this is not the first time we have heard your diatribe on the revaluation, and we are still here. We are not simpletons: we are selective, we research, we analyze, we make decisions, and we decide who knows their stuff, who to befriend and who to trust...and we are still here, together.

I've had to ask myself the same thing. This does have some entertainment value. I enjoy the discussions. My friends and I would have philosophical discussions/debates on our differing views. Sometimes, came to no conclusion. Other times, concede a point, begrudgingly. Once, three of us solved a mathematical problem in three different procedures. That was rather eye opening and humbling. This forum is intriguing.

A friend of mine introduced me to the Iraqi Dinar. Told me to visit and research a site that presented various recaps. Can't remember if he instructed me to check out DV. He even told me to check out Okie and another guru with "blue" in his name. It has changed my opinion, to some degree, about my friend. Part of me wants to tear away all of the fluff surrounding the RV. Would like to get to some substance.

I've heard alot of arguments for the RV. After a while, the basis of these arguments seemed to shift like the sand.

Yes, I see that you are still here, together. You do research and make your decisions. You, SWFlorida and others can hold your own in a discussion. You guys, and certain others are not simpletons. But there are simpletons among you.

I've had discussions and questions with different members in here. Some, we were splitting hairs about. Others had more info and insight than myself. And from those I gained knowledge. Finally, others .... well, I'll let them be.

For 8 long years this speculative investment has barely budged. This investment was going to make many a person filthy rich. If this investment still is valid, I'd like someone to show me, since I'd like all that money, too.

[KamelKeeper]

Thank you, Jackster. I appreciate your response.

[Realdinar]

I've had to ask myself the same thing. This does have some entertainment value. I enjoy the discussions. My friends and I would have philosophical discussions/debates on our differing views. Sometimes, came to no conclusion. Other times, concede a point, begrudgingly. Once, three of us solved a mathematical problem in three different procedures. That was rather eye opening and humbling. This forum is intriguing.

A friend of mine introduced me to the Iraqi Dinar. Told me to visit and research a site that presented various recaps. Can't remember if he instructed me to check out DV. He even told me to check out Okie and another guru with "blue" in his name. It has changed my opinion, to some degree, about my friend. Part of me wants to tear away all of the fluff surrounding the RV. Would like to get to some substance.

I've heard alot of arguments for the RV. After a while, the basis of these arguments seemed to shift like the sand.

Yes, I see that you are still here, together. You do research and make your decisions. You, SWFlorida and others can hold your own in a discussion. You guys, and certain others are not simpletons. But there are simpletons among you.

I've had discussions and questions with different members in here. Some, we were splitting hairs about. Others had more info and insight than myself. And from those I gained knowledge. Finally, others .... well, I'll let them be.

For 8 long years this speculative investment has barely budged. This investment was going to make many a person filthy rich. If this investment still is valid, I'd like someone to show me, since I'd like all that money, too.

Honesty.....the best policy. You have to wonder why the dinar value hasnt changed even though they are pumping oil like water now....hcl anybody?

[jackster]

6-11-2012 SWFloridaGuy: This month is an important one for Iraq. In 4 days they have the UNSC meeting. Tariffs go into effect at the end of the month and on the 26th and 27th of June is the World Banking and Financial Summit in London. Shabibi of the CBI will be speaking and will examine the changing shape of global banking and finance in the light of the macroeconomic imbalances in the world economy. The World Gold Council, DeLaRue company and major banks from around the world will be in attendance. The agenda will explore the key economic factors that will shape the financial industry’s drive for profits and growth in different countries, and consider the prospects of a possible reserve currency system reflecting the surfacing of important emerging economies and the subsequent shift in economic power. In addition to Dr. Shabibi of the CBI, speakers include international economic decision-makers: economists, academics and other leading monetary figures. I don't expect a RV overnight but I do believe that after the National Meeting, if we see announcements of permanent Ministers, Erbil power sharing and the Strategic Council, the CBI will move ahead with their economic reforms and we could see a higher exchange rate on the IQD. For some time the IMF and World Bank have instructed the CBI on how to correct abuses, implement policies, improve economic efficiency, and enter the next phase of their currency reform project. Although there are still many areas in need of improvement (as we saw listed at last year's World Bank mtg with the IMF), Iraq has come a long way. At this point they may just be waiting for the opportune time and a stable political environment that will ensure the success of the project. Stability and inflation have always been key factors. Look for a date announced for the National Meeting and the outcome of the ones I previously mentioned. I am providing a link for the Conference Overview of the World Bank Financial Summit: http://www.omfif.org...nda 06 June.pdf

The UNSC meeting has come and gone. Iraq was not discussed, so this meeting had no bearing on Iraq. UNSC The UNSC was held June 12.

Now we wait for the Tariffs and the World Banking and Financial Summitt.

[hi-five]

All currencies will fluctuate over the short term and long term. IQD increased in value 6.8% from Jan 2007 to Jan 2009. It has been flat since then. It's currently 1,144 which is 7.1% or 5 years. The US inflation rate each year is between 2% and 4%. This means a loss in investment as it stands today.

An accredited investor wants a minimum of 8%, but shoots for 18%-24% annual. There are no indicators that the IQD should increase 10% over the next year nor the following years.

S&P has retain their AA+ rating for the US. The same rating they gave them last year. Yet there has been no change in the IQD/USD exchange rate.




Jackster - Iraq is under UN sanctions. Their exchange rate is a programed rate. The sanctions are slowly being lifted, and Iraq's debts are slowly being paid. The artificial rate of Iraq's currency is to be held steady until they finish the necessary requirements which will allow Shababi to increase the value. We don't know exactly all the conditions that need to be in place - - that is why we study the articles and watch what is going on over there. This investment is VERY different than then currencys that are traded on Forex.

[jackster]

All currencies will fluctuate over the short term and long term. IQD increased in value 6.8% from Jan 2007 to Jan 2009. It has been flat since then. It's currently 1,144 which is 7.1% or 5 years. The US inflation rate each year is between 2% and 4%. This means a loss in investment as it stands today.

An accredited investor wants a minimum of 8%, but shoots for 18%-24% annual. There are no indicators that the IQD should increase 10% over the next year nor the following years.

S&P has retain their AA+ rating for the US. The same rating they gave them last year. Yet there has been no change in the IQD/USD exchange rate.




Jackster - Iraq is under UN sanctions. Their exchange rate is a programed rate. The sanctions are slowly being lifted, and Iraq's debts are slowly being paid. The artificial rate of Iraq's currency is to be held steady until they finish the necessary requirements which will allow Shababi to increase the value. We don't know exactly all the conditions that need to be in place - - that is why we study the articles and watch what is going on over there. This investment is VERY different than then currencys that are traded on Forex.

That's nice.

[JWJW11]

[quote name='Realdinar' date='13 June 2012 - 11:31 AM' timestamp='1339601470' post='976814']
Honesty.....the best policy. You have to wonder why the dinar value hasnt changed even though they are pumping oil like water

[quote]

[quote name='jackster' date='12 June 2012 - 11:26 PM' timestamp='1339557968' post='976535']
I've had to ask myself the same thing. This does have some entertainment value. I enjoy the discussions. My friends and I would have philosophical discussions/debates on our differing views. Sometimes, came to no conclusion. Other times, concede a point, begrudgingly. Once, three of us solved a mathematical problem in three different procedures. That was rather eye opening and humbling. This forum is intriguing.

A friend of mine introduced me to the Iraqi Dinar. Told me to visit and research a site that presented various recaps. Can't remember if he instructed me to check out DV. He even told me to check out Okie and another guru with "blue" in his name. It has changed my opinion, to some degree, about my friend. Part of me wants to tear away all of the fluff surrounding the RV. Would like to get to some substance.

I've heard alot of arguments for the RV. After a while, the basis of these arguments seemed to shift like the sand.

Yes, I see that you are still here, together. You do research and make your decisions. You, SWFlorida and others can hold your own in a discussion. You guys, and certain others are not simpletons. But there are simpletons among you.

I've had discussions and questions with different members in here. Some, we were splitting hairs about. Others had more info and insight than myself. And from those I gained knowledge. Finally, others .... well, I'll let them be.

For 8 long years this speculative investment has barely budged. This investment was going to make many a person filthy rich. If this investment still is valid, I'd like someone to show me, since I'd like all that money, too.
[/quote]



Its simple just look at it like this.....Iraq will surpass Saudi Arabia in oil output in the coming years.......Saudi is $3.75 to the dollar.......Iraq has stated numerous time they will become superpower of the ME.........don't forget about the infastructure projects that will explode once the Erbil is in place.......


So is it still valud......i think so:)

Remind me not to post again from my phone

Edited by JWJW11, 14 June 2012 - 06:23 PM.

[Tripphood]

For someone who thinks this is a hopeless endeavor, you spend a lot of time on a dinar blog. I didn't spend my afternoons with the Heaven's Gate Cult, for the simple reason I didn't believe the Hale Bopp comet would help me hitch a ride on an alien space craft. It's none of my business why you spend your time on dinar blogs, but if I was you and I thought there would be no movement on the dinar for years, I would spend my time elsewhere and check back in a few years. This makes me think you do believe there is a chance and are just fishing for reasons to believe or find encouragement.

Amen to that SWFG, this guy argues against EVERYTHING! Can you say DOWNER! I wonder what the heck he is doing here also. He doesn't sound like one of the hopeful Dinar holders. NEGATIVE, NEGATIVE, NEGATIVE!

[jackster]

That's nice.

Awwww.. Someone negged me for saying "that's nice".

You feel better now?

Tripp, that's speculative of you about me. And "everything" would be untrue. Almost everything would be true.

Edited by jackster, 15 June 2012 - 12:37 AM.

[jackster]

Its simple just look at it like this.....Iraq will surpass Saudi Arabia in oil output in the coming years.......Saudi is $3.75 to the dollar.......Iraq has stated numerous time they will become superpower of the ME.........don't forget about the infastructure projects that will explode once the Erbil is in place.......


So is it still valud......i think so:)

Remind me not to post again from my phone

From where do you get your sources to back up your statements? And I am asking for sources outside of any dinar forum.

Iraq says they will become a superpower of the ME. They can say all they want. Could happen, though.

The main question is - How many years will it take for Iraq to mature politically and economically in order for a 20% increase in IQD value?

The end of my statement was for "someone to show me." You showed me nothing.

[JWJW11]

From where do you get your sources to back up your statements? And I am asking for sources outside of any dinar forum.

Iraq says they will become a superpower of the ME. They can say all they want. Could happen, though.

The main question is - How many years will it take for Iraq to mature politically and economically in order for a 20% increase in IQD value?

The end of my statement was for "someone to show me." You showed me nothing.

This isn't for you....that's all

[jackster]

Thank you, Jackster. I appreciate your response.

Kamel,

I was driving home on the freeway today when I recalled of a different "speculative investment" I was involved in.

There was a forum similar to this one. Myself and others believed in a way to make a lot of money. We had all types of evidence and proof to support that what we were doing was legal, legit, our God-given right, etc. We were selling it and making some money.

I remember someone that disagreed with us and tried to show us how we were wrong. We argued against him. He argued against us. He professed to be a Christian even though he was dropping f-bombs and other derogatory name-calling. I was offended by the language and challenged him regarding what I believed was a contradiction in who he chose to follow and how he spoke to us. He saw my viewpoint and cleaned up his conversation. After that, our discussion became more civil. The two of us began to listen to the other person's stance on the subject matter. We became more objective, rather than subjective on the issue.

I don't know what it was, but I started to understand what he was trying to tell me. I changed my direction on the issue. And that was fortunate.

A some months later, perhaps a year or so later, arrests were made. The person that I had direct communication with was approached by some people with power. He was advised to cease his activities or else. He got probation. The other guys got jail time.

I had not crossed the line that they had.

In my earlier post in this thread, I mentioned that my friend, whom I trusted, told my about IQD and Vietnamese Dong. He trusted other people. I don't know who these other people trusted. He told me that the Dong should RV the next day and I should get in with $90 or so. The Dinar was any day now.

I was excited about this opportunity. Saw the prices of Dinar and Dong. Imagined the possible ROI. Told my son about it, but told him to wait.

I have no idea how many gurus are out there. They all have their own way of informing and promoting. Some are more subtle than others.

Remove the Iraqi Dinar from their intel reports, their pitches, their pumping, their opinions, etc. and replace it with what I was involved with. It caused me to look at this more "objectively" like the other thing I was involved with.

There are differences between IQD and the other, but many similarities. I think the legal outcomes for the average IQD participant will be nonexistent.

Kamel, anyway, I thought this would answer your question a little bit more.

have a great day!