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Eagle 1 IQD RV Opinion


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#1 SinjinWolf

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Posted 18 August 2012 - 03:34 PM

I've never heard of this person who calls himself Eagle 1. Have any of you?

And what do you think of his comments?

I'm neutral right now as I've never heard of him -- just wanting to hear what others think.

I'm not promoting, supporting or disagreeing with his opinion at this point until
I learn more about him. Thoughts, opinions?

===
{Begin chat /post}

"Greetings to all of you! t’s been four weeks since I sent out the last update.
Been meaning to bring everyone current with the news and developments,
but things have really been a zoo for us.

Last night, Frank (Villa) and I did a world-wide conference call in which we
discussed much of the following. I’ve clarified some of the issues in this
email that we didn’t really expand into last night.

This update probably could have been posted several days ago, but we were waiting
to see if the Central Bank (CBI) actually followed through with its plan to begin selling
off a portion of its gold. 12 days ago Dr. Shabibi announced his intention to begin selling
some of the gold in their vaults, but it didn’t actually begin until yesterday. This, along
with some other developments, is a very significant event.

First let me provide you with some numbers and statistics so you know where I’m coming from.

According to the CIA’s statistical reports at the end of 2011 (and they provide
these reports for all countries or nations of interest), the CBI held some 80
metric tons of gold in its vaults at that time. (We know, by the way, that this
number has increased significantly since then; and the CIA is reporting that
central banks worldwide have been purchasing massive amounts of gold for
their treasuries. The Federal Reserve purchased some 400 metric tons of
gold during the past quarter, just as an example.)

So that you understand the significance of these amounts, let me break it down for you.

There are 14.57 ounces of gold in a troy pound.

There are 2200 pounds in a metric ton.

That equals 32,054 ounces in a metric ton.

Multiply that by a rounded off $1600/oz. and you have a dollar
value of $51,286,400 per metric ton of gold.

Now let’s pick an arbitrary number and say that the CBI is going to
sell of a quarter of the gold reserves they had at the end of 2011.

That works out to $1,025,728,000 (a trillion, 25 ¾ billion dollars) in
cash returns to the CBI for the sale of that gold. A trillion plus dollars to add to their coffers.

Why would they do this?

Let’s look at the amount of Dinar that the Central Bank has outstanding worldwide.

According to the latest figures provided by Dr. Shabibi, there are
between 35 – 37 trillion Dinar in circulation outside of Iraq.

The U.S. Treasury holds a lion’s share of that amount, and there
are many other countries that have purchased significant amounts of Dinar.
China has been scarfing up Dinar (and silver) like there is no tomorrow.
Italy and Greece each hold something on the order of 500 Billion Dinar.

According to the Year-End Report issued by Ernst & Young (December 31, 2011, and signed
off as accepted by Dr. Shabibi on February 2, 2012), Iraq’s Central Bank held a total
of $76T+ in monetary assets (cash on hand, foreign currencies, gold, treasury notes, silver,
diamonds and other tradeable securities). I just about did a double-take when I saw that figure. $
76 Trillion in monetary assets is not pocket change, folks! Iraq is one VERY RICH country!!

None of these figures take into account receivables in oil revenue, oil reserves,
proven gold and diamond reserves or other commodities.

You’ll all appreciate that the U.S. military, when fighting the war against Saddam,
stationed soldiers in the streets of Baghdad. When fighting broke out in the streets,
soldiers began digging fox holes and trenches in the streets of the city from which to fight.

As they dug, they discovered extremely rich veins of gold running through the
middle of the streets. At this point, no one really knows how much gold Iraq has
in the ground, but when you remember that this area was part of the Garden of
Eden, it all makes sense!

Back to the question of why Iraq would sell some of its gold: having been in
banking, I can tell you that when bankers are faced with unknown prospects
such as those the CBI faces knowing that they could very well have more folks
cash in their Dinar than their statistical model indicates, they tend to be almost
overly cautious.

From a banker’s perspective, it is very prudent for them to increase
their U.S. Dollar reserves in preparation for a potential run when the
announcement is made. Last week, the IMF announced that the CBI
had 130% of its minimum needed asset requirements to begin the RV.

That may sound impressive, but that’s 130 percent of 15%. We can
round this off and use a general figure. What the IMF was saying was
that Iraq had cash reserves amounting to roughly 20 cents on every
dollar (or dinar) outstanding.

That’s a whole lot better than any U.S. bank, but let’s look at
that in actual numbers.

Let’s assume that investors are going to cash in 5 Trillion
Dinar within a two-to-four week period of the announcement,
and that the initially announced rate will be $3.86.

That means that the CBI will have to cough up $19 Trillion+ USD.

It takes no great rocket science to see that a sudden demand
for that amount of cash could easily put a strain on things – their
monetary reserves notwithstanding.

Apart from the USD the CBI holds in its vaults, it has something on
the order of $5 Trillion in U.S. banks and around $750 Million in
Canadian banks. Selling off some of their gold is a pretty smart
move, and they could easily sell off half of the reserves
(or 40 metric tons) if it seemed prudent to do so.

This is all fascinating information, but I hear the questions:
namely, what does this have to do with the timing of the
announcement and the rate?

Iraq’s President Talabani has just returned (according to unverified info)
or will return before the end of this week.

Shabibi made it clear some weeks back that he wanted Talabani
to make the actual announcement of the RV.

Talabani has already indicated in advance that he will be calling
a public event on Sunday, August 26th. While there are possibly
other reasons for this announced event, there is a general consensus
among our analysts that we will have our RV announcement on that date.
There is other logic for believing that.

In the last couple of days, Dr. Shabibi has announced that the
CBI will release 1 Dinar, 5 Dinar and 25 Dinar coins for public
use and trade on September 1.

It makes no sense whatever to issue a 1 or a 5 Dinar coin if the
RV has not taken place.

What good is a 5 or even a 25 Dinar coin if a loaf of bread costs
3,000 Dinars (current price of a loaf, pre-RV).

If indeed the plan is to release these coins for use on September 1,
then August 26 makes sense for the RV announcement.
(And that doesn’t mean the announcement will wait that long.
It could actually occur even sooner.)

That’s it for the moment! There is another development unfolding
behind the scenes but I’ll hold off on that for the moment.

While it could be related to the RV, or not related, it will certainly
have worldwide economic consequences.

Let’s see what happens over the next ten days or so, and if
it seems appropriate I’ll send out another memo for your consideration."
{End of Chat / post}
===




Thanks everyone!

Sinjin.
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#2 Butifldrm

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Posted 18 August 2012 - 03:50 PM

Holy Moley, I love this rumor! I've heard Eagle one speak before. I like him. I'm not sure about the Trillions in US banks, but I like the way he's thinkin. :D
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#3 SinjinWolf

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Posted 18 August 2012 - 04:18 PM

Holy Moley, I love this rumor! I've heard Eagle one speak before. I like him. I'm not sure about the Trillions in US banks, but I like the way he's thinkin. :D


Thank you for your opinion, Butifidlrm. I know what you mean!

I don't spend too much time in the Rumor section because who knows what's fact or fiction. If this is fiction (and it might be) it's well written.

But I'm not getting my hopes up because this is the kind of thing that can make a person start to yearn - and I DON'T want to yearn!!
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#4 Biker

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Posted 18 August 2012 - 04:37 PM

Stay Grounded folks dont get your panties bunched up yet, somethings got to happen soon thow.They have already talked to much crap to there people.They wont lose face in country. B)
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#5 The Machine

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Posted 18 August 2012 - 04:52 PM

That works out to $1,025,728,000 (a trillion, 25 ¾ billion dollars) in
cash returns to the CBI for the sale of that gold. A trillion plus dollars to add to their coffers.



Well Eagle1 would wanna brush up on his math .... that is not a trillion ..... that is one billion, twenty five million, seven hundread & twenty eight thousand dollars
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#6 SocalDinar

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Posted 18 August 2012 - 04:58 PM

80 tons of Gold. Good for you Iraq
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#7 SinjinWolf

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Posted 18 August 2012 - 05:02 PM

Good catch, Machine. I'm not going to disagree with you
when it comes to numbers because you're The Man in
that category!! :)
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#8 NWGUY

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Posted 18 August 2012 - 05:07 PM

:D :D

Great day for a rumor!!!

I do like the his breakdown, and it definately seems feasible, based on the information he provided, so at this point, "I like it"!

Then you throw into this mix, the fact that Adam is starting to shut down VIP enrollment, and seeming very positive about the near future, and "I like that even more"!

Putting all the things together, kinda makes you get that funny feeling in the tummy, that something really great is about to happen!!! :D

Go RV!!!
:D :D :D
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The Anti Lopster

Low information poster!!! :o)

#9 TonyDownTheShore

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Posted 18 August 2012 - 05:13 PM

This sounds great but I don't see a link to back up his claims.
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#10 Gooserider67

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Posted 18 August 2012 - 05:15 PM

I love this rumor also... if true and Iraq revalues above a $1.00 the shock to thier banking system IMO will not hurt them as Eagle 1 stated.. only the countries who need the hard cash will cash out to help their country and the countries who do not need the cash and hold the larger amounts of dinar will simply cash out thier citizians and hold the dinar to trade for oil or gold itself. and this will not hurt the actual money reserves that the CBI is holding on to. So lets go RV and Git'er Done... :twothumbs:
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#11 NightAngel

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Posted 18 August 2012 - 05:18 PM

Thanks for sharing! :D Go RV
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#12 Toyvp

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Posted 18 August 2012 - 05:20 PM

Just an FYI Eagle1 is a retired International banker
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#13 easyrider

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Posted 18 August 2012 - 05:25 PM

Just an FYI Eagle1 is a retired International banker


yep, Hes at franks site and very knowledgeable on bankng the guy knows his stuff and has been in the game for years.
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#14 SinjinWolf

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Posted 18 August 2012 - 05:32 PM

NWGUY Putting all the things together, kinda makes you get that funny feeling in the tummy, that something really great is about to happen!!! :D



Agreed, NWGUY!

Hopefully this leads to :goodnews:

:twothumbs:

Just an FYI Eagle1 is a retired International banker


Thanks for sharing more about who he is. This makes his opinion an opinion that I would at least listen to. It would be great if he's right! :)
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#15 SinjinWolf

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Posted 18 August 2012 - 05:46 PM

yep, Hes at franks site and very knowledgeable on bankng the guy knows his stuff and has been in the game for years.


Hey Easy, how would one find Frank's site? Not sure you're allowed to share a link. So, what should I google to find him?
Thanks for your comment.

Sinjin
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#16 cooked

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Posted 18 August 2012 - 05:48 PM

yep, Hes at franks site and very knowledgeable on bankng the guy knows his stuff and has been in the game for years.



Not sure why someone negged ya? I got your back. C'mom guys lighten up on the neg stuff.
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#17 NWGUY

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Posted 18 August 2012 - 05:48 PM

yep, Hes at franks site and very knowledgeable on bankng the guy knows his stuff and has been in the game for years.



Easy...someone negged you again....??? I think you have a serial negger, negging you everytime you post. I don't understand people, but I like your post's, and postive outlook, so keep it up!!!

I gave you a plus to even you out, and hopefully whoever the person is that is negging you, has run out of neg's!!! :P

Go RV!!!
:D :D :D
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The Anti Lopster

Low information poster!!! :o)

#18 pattyangel

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Posted 18 August 2012 - 06:29 PM

Holy Moley, I love this rumor! I've heard Eagle one speak before. I like him. I'm not sure about the Trillions in US banks, but I like the way he's thinkin. :D


If Butifldrm says "Holy Moley, I love this rumor," then nothing else need be said. Nice rumor ;) :twothumbs:
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#19 fmesserman

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Posted 18 August 2012 - 06:31 PM

A banker that doesn't know the difference between a trillion and a billion? Well, I guess no one said he was a *successful* banker.
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#20 DiNaR DoCtOr

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Posted 18 August 2012 - 06:44 PM

Refer to note 1 in the financial statements. The CBI is made up of four branches. Two branches are not reflected in the financial statements (erbil and sulaimaniya), which are controlled by the krg. I am assuming those two branches have more in assets. In john taylor's book global financial warriors he noted the Kurds received three times the amount of iqd for their currency at the time because it was worth more than the Saddam Dinars. That is why I believe the erbil agreement is key. I hope it will include a consolidation of the balance sheet. It also gets me positive that the Kurdistan region where the branches are located is booming economy, therefore more in assets. If eagle was impressed with the amount of assets he should understand it could be significantly more. Come on international banker:-) reading those financial statements would be like reading the fed's, without 6 of the 12 branches. Ernest and young appropriately noted this in their opinion. Therefore, when the cbi reveals a significantly different financial position, earnest and young cover their reputation. Glta, sorry about typing, I am on a tablet
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