[Adam Montana] it's Wednesday! Time for the weekly update and also a short Q&A session
[Adam Montana] I'll also be sending a VIP email a little later today
[Adam Montana] So, this week in Dinar we see... No booting of Maliki, not much talk about Chapter 7, but a LOT of discussion about the "deleting the zeros"
[Adam Montana] let's get one thing straight right away.
[Adam Montana] NO MATTER WHAT HAPPENS, at some point the 0's are going to come off. This is true whether they l op, redenominate, revalue, or anything else.
[Adam Montana] what the CBI is telling us is that when they change the money, they are going to issue new notes with less 0's. That is ALL. They aren't going to announce to the world that they are going to increase the value by X because that would lead to a massive run on the dinar with people buying it, and they won't tell us if they are going to DECREASE the value either because that would lead to a massive DUMP of dinar!
[Adam Montana] so you have to take these "delete the 0's" articles with a grain of salt. "Yeah, yeah... that old article again. Big deal."
[Adam Montana] the one thing that remains constant in this speculation is that they CONTINUALLY talk about increasing the value. They never talk about the value going down - only going up. When the value goes up, we make money... so unless you have reason to think the value is going to go DOWN, there's no need to worry about anything - just chill out and wait for the day we get to cash in
[Adam Montana] the only other item that I found newsworthy was a NINA report that came out yesterday. The Council of Ministers approved a bill just yesterday (June 26) to delay the implementation of the tariff law (quote) "until the appropriate conditions allow its application"
[Adam Montana] What does this mean? It means exactly what I've been saying for the last couple months when the tariff issue is brought up. There is no use in implementing a tariff on poor people. Until the financial situation improves, the tariff issue is dead.
[Adam Montana] Obviously an RV would improve the financial situation!
[Adam Montana] Here's what I think: if they had planned to be ready to raise the value of the dinar by the end of June, then a tariff made sense. Since there were so many delays in the HCL/Erbil issues, they are now postponing it. We do have some more good news on the HCL - it is rumored that they may be making some significant progress on it. I'll leave the links to some relevant articles on my blog site http://dinarspeculation.com
[Adam Montana] So that's the weekly update. No RV yet, no talk of Chapter 7 this week, but it looks like the HCL is getting closer and that is a GOOD thing. It's looking more and more like the HCL is the key to moving forward, so that's what I'm keeping an eye on.
[Adam Montana] ok, let's do the questions! kcw... shoot!
[kcw] dgibbs20 Hello Adam I appreciate your taking time to answer all of our redundant questions... I have been off the dinar grid for a while now. I got tired of the rollercoaster. I kept my dinar but I just wouldn't read the forums, though I did read your last chat. By no means am I a lopster, but when you say that the two currencies will exist simultaneously for a year, is that not an bunny-ear? And if so, do you think we are still participating in a good investment? Thanks... [Adam Montana] no, it's not necessarily a l op. It just means that whatever they decide to do, the two currencies will co-exist for a year. Nothing more, nothing less
[Adam Montana] next please!
[kcw] skitealwedrop Actually, I think that Adam should take the week off from chat. Allow a member to the answer our questions of the week. Some members appear to know more than others. Let's pic their brains. I vote for KK aka Carello. I think she's up for it. What are your thoughts DV peeps. Thanks for the peace sign emoticon AM! Go RV! [Adam Montana] You are welcome for the peace sign , and I love the idea! I'll say a little more about it at the end of this chat, thanks for the comment
[Adam Montana] next please!
[kcw] Candy01 Adam, IF, by some miracle, the HCL is passed and the last ministers are finally seated withing the next few weeks, can Chapter 7 be released right after this? Thanks so much for all you do! [Adam Montana] Absolutely yes. There is nothing to stop that from happening.
[Adam Montana] In fact, I think that's why we're not hearing so much lately about Chapter 7. Iraq has complied in every way they need to, and getting them out of Chapter 7 is going to be a rubber-stamp deal. The important issues are now Erbil and HCL. The rest is just noise and fluff.
[Adam Montana] Good question. Next please!
[kcw] oatman_230 Adam..... Would it not be beneficial for *us to have .... correctly translated article(s)* from an "Adam" approved translator... [Adam Montana] It definitely would, but the cost isn't justified. When I find an article that I want translated, I send it to one of my 3 translators and pay about $15 to $20 per article. It would literally cost about $500 per day to have all of these articles translated on this site, and that wouldn't get us any closer to the RV.
[Adam Montana] If you want to pay for the service, let me know and I'll make it happen
[Adam Montana] next please!
[kcw] pocono Adam, If memory serves,a few weeks ago you replied to a question regarding Keep by stating something to the effect that while you don't always agree with him you considered him a valuable member as many of us do.. I suspect you're aware of the endless,mindless bashing he's subjected to for simply stating his opinion...you might recall that TexasGranny,in the interest of justice and to her credit, had to intercede last week to try and put an end to it.... My question is can you restore Keep to 'GOOD' member status and eliminate all the unwarranted negs or better still do away with the plus/minus system as it's inherently LOPsided... [Adam Montana] Although I tend to disagree with about half of what Keep says, the one thing that is important is the fact that he is always respectful of others and the staff here.
[Adam Montana] That was the last one, thanks for tuning in everyone! You know... sometimes the "old timers" around here get flustered with the redundant questions every week. I think everyone needs to remember that at one time, we were all new to this Dinar thing. I will keep doing these weekly chats, and I'll keep answering the same questions week after week, because if there wasn't someone here to give straight answers, those new people would only have rumors and lies to read.
[Adam Montana] So... until this thing busts or booms, I'm going to keep doing these chats. Thanks for making this the best site on the internet, all of you!
Just a little after official chat, chat
[edbeach] Adam Montana From what I understood the Tariffs needed parliament approval to delay them Is this not correct Didn't see anything from parliament about that only ministers statement ?
[VIZIOIRAQI] edbeach good question
[Adam Montana] edbeach that's my understanding as well
[Adam Montana] look at it this way... if they can't RV right away, it's easier to kick the tariff can down the road than to pass it
[Adam Montana] and without the HCL, there will be no RV
[edbeach] Adam Montana ok guess we wait & see hope not delayed by parliament
[Adam Montana] so it's not likely they will get it done July 1
[VIZIOIRAQI] HCL will inact Tariff then right
[VIZIOIRAQI] hand in hand kinda
[Adam Montana] VIZIOIRAQI HCL, then Chapter 7, then RV, then tariff