[Adam Montana] Here's the latest: Iraq is giving more and more hints that they may NOT be following the proposed agenda to "delete the zeros" and there is also a great article posted that puts the button directly in Shabibbi's control.
[Adam Montana] I will link to all of these articles on my blog dinarspeculation.com shortly after this chat, you will be able to see the articles there in about a half hour
[Adam Montana] We are also seeing some great news about Chapter 7. Until Iraq has the Chapter 7 issue resolved, we cannot expect to see the value of the Dinar raise (at least not significantly, anyway).
[Adam Montana] So to summarize that: Shabibbi is implicated as head button-pusher (this is good!), they are starting to show weakness in their "resolve" to "delete the zeros" (this is good!) and the Chapter 7 issue is ready to buckle once and for all (this is also good!)
[Adam Montana] The only bad news I have is that we still have to wait. Sorry about that
[Adam Montana] ok, kcw - before you lose power, let's do those Q's!
[kcw] rightsonword In regards to the ISX, if there is an RV of any amount, we make money. But in the case of bunny-ear, how long before considerable gains are made in your opinion. I would assume that after this whole currency fiasco is done and over with that Iraq's economy should begin to grow rapidly to some extent due to the stability, or at least "perceived" stability, that the ND would bring to the financial, economic sectors, government, etc.
[Adam Montana] In my opinion, you are 100% correct in your assessment of the situation and how the ISX fits in. So the question is "how long before we see profits after a l0p or an RV?"
[Adam Montana] Let's start with "worst case scenario". We see the dreaded (lop) bunny-ear, all of our cash values are reset to a neutral value, and we are forced to wait for the value to grow naturally. In this case, I'm looking at about 6 months before things really start to grow. After that 6 month period, I would expect to see MAJOR growth, giving me 2-3-4-5x my investment. Not what I am hoping for, but it's sure better than what my 401k has done over the last 5 years!
[Adam Montana] Best case scenario: We see a major rise in the value of the Iraqi Dinar, Iraq's economy is kick-started with a serious shot of jet fuel, and the ISX values outperform even the value of the rapidly strengthening Dinar. Quite honestly - this potential upside is what I love about being involved in the ISX and the IQD in general. Yes, there is a potential downside... but the upside possibilities are staggering and I am not going to simply ignore it.
[Adam Montana] good question, I hope my answer helps! Next please
[kcw] Redhorse Adam, can you verify if Iraqs' sovereignty is complete and if so….
[Adam Montana] Nope, it's not. They are still under a couple pieces of Chapter 7. Until Chapter 7 is COMPLETELY removed, they are not sovereign.
[Adam Montana] next please!
[kcw] CO.5-0 Hello Adam, thanks for the reality and logically based forum..... ..since sanctions weren't lifted in June, and a lot of us are of the opinion that sanctions must be lifted for any type of rv/ internationally recognized currency, then is it still realistic to even look for anything between now and December???
[Adam Montana] I think it's realistic, yes. Every day we are seeing more and more articles about Iraq's progress and their determination to make improvements in their economy, government, and value of their currency. I'm not going to blow smoke up your butt and tell you that it's likely to happen tomorrow... but that doesn't mean it CAN'T happen tomorrow. It could, it might, or it might not. There is nothing set in concrete stopping it.
[Adam Montana] next please!
[kcw] Saint Morning Adam. Just a thought that keeps coming back to me concerning the RV. Not to fret I am still on the train that will be arriving at the station in September. I have a funny feeling the RV is going to hit after the Iraqi's see who is going to be the next president of the USA. I really can't explain it but it's there . Do you think the presidential election in November has any bearing on the RV outcome. Just saying. Thanks again for keeping us well grounded and in tune with the true reality of this investment.
[Adam Montana] I understand the feeling... but I think Iraq is more concerned with Iraq than they are with the US. Will our elections have an impact? Absolutely yes! Will Iraq wait for the outcome? I doubt it. If they were to do that, they wouldn't RV immediately after the outcome is announced... they would have to wait and see what happens AFTER the decision is made. Who knows what Obama or Romney will do in the following 30 days, 60 days, or year after they are elected?
[Adam Montana] No, Iraq is focused on Iraq. When they are in the right position and their ducks are reasonable in place, that's when it will happen.
[Adam Montana] next please!
[kcw] Redwizard Adam, with all the talk of deleting the zero's, and a 1:1, how can we make money at this? If 1 million dinar becomes 1000 and a 1:1, that will give $1,000 USD then bank spreads and taxes, we will be lucky to break even. What is the use of protecting our big investment? I just dont see anything to protect. Thanks for any info.
[Adam Montana] Redwizard, that has always been a possibility. The question is "WILL they do that?" Personally, it makes more sense to me that they will do something that gives them financial gain. If THEY gain on the value of the Dinar, then so do we.
[Adam Montana] next please!
[kcw] cashman54 Adam, you the man. ... I was looking at the Wall Street Journal this morning and I noticed some of the other currency rates in the Middle East (This information is found in Market and Data section of Money and Investing)
Kuwait Dinar = $3.555
Bahrain Dinar = $2.67
Jordan Dinar = $1.4127
Saudia Arabia riyal = $0.2667
Egypt pound = $0.1650
What I was just curious about is although I am sure these countries have wealth and resources too, it can't be a whole lot better than Iraq right? That just leads me to believe that Iraq deserves to have a decent currency rate you know? Wouldn't you agree that Iraq has more wealth than at least one of these countries and deserves to have a rate at least equivalent to Egypt? Would love to know your thoughts. Thank you for taking my question.
[Adam Montana] I do agree! Iraq does have more natural resources and definitely should have a currency valued at or higher than a country like Egypt. That's another reason I'm hanging onto my IQD
[Adam Montana] next please!
[kcw] jon29 Hey Adam! As a break from the usual dinar questions, have you taken the family out for a Summer getaway yet? How'd it go? Have a good day dude!
[Adam Montana] Thanks jon29 - the family and I had a great holiday, even with the 100+ temps! You have a great day too
[Adam Montana] next please!
[kcw] Nadita Adam, This is definitely not a question regarding dinar but involves the technical support of the site...I have not been able to sign into DV with iphone just the last three days. I can sign in but when I click on my profile or what's new, it sends me back to the log in page and also the scrolling paper can't be closed Will appreciate if you can check into this... thank you
[Adam Montana] Get the google chrome app from the app store - I just got it this morning and tested, I was able to login from my iPhone.
[Adam Montana] next please!
[kcw] imgesing Adam, The articles have come out now, as it did over a year ago comparing this to Turkey's RD. Can you please explain how it might be similar or dissimilar? What do we trust and what should we be looking at to affirm the potential value of the future dinar? Thanks for all you have done and thank you in advance.
[Adam Montana] Lots of people will compare Iraq to Turkey simply to back up their negative points. True, there are some similarities... but the big picture is very different. Iraq is NOT Turkey, so we can't expect them to make the same choices Turkey made. The lopsters will deny that, but... there's a good reason I don't spend much time talking to lopsters
[Adam Montana] next please!
[kcw] jon29 Hi Adam, one question and please bear with me since I'm not a whiz with this stuff. There have been discussions from time to time about the currency Revaluation and Iraq being able to back it up. One school of thought is hard currency, reserve money, cash "on-hand" backing up the dinar to improve the rate. Another, is the geological assets (like oil in the ground), being calculated to back up a new rate. Which or both of these ideas would be correct with Iraq improving the dinar to a new rate? I hope this isn't remedial and off-base. Thanks.
[Adam Montana] Don't worry about being a whiz at this stuff - it's not 2nd grade material, it's complicated and there is a lot of room for confusion.
[Adam Montana] Regarding Iraq's "cash on hand", geological assets, etc... let's just back up and compare apples to apples. Why do people insist that they have to have "cash on hand" to back up an RV when the US doesn't even follow that guideline? The US does NOT have gold, assets, or "cash" to back up the "value" of our monetary system. The debt we have IS part of the "value" of our money, it is on our balance sheet. Ever since we left the gold standard our "value" has basically been given to us by China and every other country that we owe money to based on one thing: CREDIT.
[Adam Montana] So, if the US doesn't have to have "cash on hand" to back up our debts, why does Iraq?
[Adam Montana] Quite simply, they are not "credit worthy" at this time due to recent instability of the government and their whole situation in general
[Adam Montana] is that changing? YES. Do they have an amazing amount of assets to back up a higher valued currency? YES. Can the entire world benefit from a higher valued Iraqi Dinar? YES.
[Adam Montana] Hope that helps! That was the last question. I'm going to close the official chat down so the mods can get it up on the site for all to see, and I'll go post those articles on dianrspeculation.com for anyone who wishes to do more research
[Adam Montana] have a great day everyone, and GOOOOOOOOO RVVVVVVVVVV!!!!!
