28 January 2015 Adam Montana weekly

[Adam Montana]

Good morning everyone!

 

Well, I had hoped to see something significant before today's 

chat, but as of right now the Budget is not official and we have 

no HCL. That's a little disappointing to many, but hey - we've 

waited this long... what's another day or week? Hang in there, 

friends!

 

One thing is starting to stand out to me this week, and I have to

come right out and say I believe I was wrong when I was thinking

that the budget will come before the HCL.

 

I'm rethinking that... it's possible it could be the exact opposite, 

but still achieve the same end result.

 

For example, this article right here states that "the oil agreement

with the Kurdistan Region of the most important obstacles to the

completion of the budget..."

 

And it's possible that they made progress on the HCL even today, 

so hopefully we see news on that as soon as tomorrow: "Parliamentary 

Finance considering today the Peshmerga and Kurdistan oil budget".

 

This article says "House of Representatives moves session to 

next Thursday" - it's unclear if that's tomorrow or next week 

Thursday, BUT...

 

"... the beginning of the month of February will see the adoption 

of the budget."

 

You'll also note in that same thread it was posted that they have 

decided to adjust the budget to work with oil at $55 instead of $60. 

I mentioned last week I didn't like the $60 mark, so I like this move.

It's more realistic, and will take stress off the CBI when they raise 

the exchange rate.

 

And as the final kicker from the news section, it appears that they 

already have a revised budget ready to go. LINK.

 

So, what's the bottom line? You all know I don't have a crystal ball, 

but I'll tell you this: our best case scenario is whatever Thursday they 

meet (tomorrow or next) they pass the HCL and possibly slam the 

revised budget into place in the same meeting. CBI jacks up the rate 

and pandemonium ensues!

 

Worst case scenario is we continue to wait

 

ON TO THE WEEKLY Q'S!

 

 

 robert c Adam  common do not be afraid to send out those text message. We are all behind you and have your back. we can take it.        lol

 

 

My finger is on the trigger bud, you can bet on that!!! I'm just as ready as you!

 

 Freedomwish Hiya Adam,  With the flux of recent awesome articles coming out within the past few days, would like to know your thoughts on this phrase mentioned - The Central Bank of Iraq, had announced (18/01/2015), that the financial reserves of Iraq and a half times the equivalent of twice the money supply, they returned it was "best rates" in the countries of the world,

Totally understand you don't do rates and predictions, but I wanna be geared up and ready with my Jack Daniels shots when we meet up in Belize! Yes sir!  Thanks for all that you do!

 

 

I'm not going to get into the rate portion, but I definitely agree with your positive assessment! Iraq is doing a great job of handling their finances. Better than most other countries, in fact.

 

 

JayLay  I know this was asked but after a RV, why are we saying taxes will be taken? If I go to a currency exchange today I don't pay taxes on any realized gain, just the exchange fee. It's my money already to begin with pre and post RV.

 

 

I'm married to a CPA and I pay a lot of money to attorneys and tax/investment specialists every single month. Not one of these professionals thinks there's a chance that we'll skip out of this without rendering to Uncle Sam that which Uncle Sam did not earn. That's the end of that debate for me!

 

 djgabrielie Do you believe that when the Budget is passed, the RV will follow?  and  Once the HCA becomes HCL, will the RV follow?  (Based on several of your past posts, I believe I already know the answer to this one.) 

 

 

Once we have the HCL and the Budget, I do indeed think we are moments from that announcement.

 

 

 

kgreen  Let's all hope and pray (literally) for the RV and that it will be at a high number so many of us can get out and do some good w/ our proceeds. My question is (VIP)...?

 

Linda This question may have been asked before however, here it comes again...Since I am in the VIP/OSI group...

 

 

Both of you please post VIP questions in the VIP section, if they weren't already answered in one of the pinned threads. I personally post in the VIP sections several times a day, every day, so you'll get your answers much faster that way.

 

 

 

 Jaygo Since all Iraqis are Green Bay fans do you think they are just mad and will say screw the whole RV thing??

 

 

 

I don't even have a response to that, but thanks for the first laugh of the day!!

============== to be continued.... =====================

 

[JayLay]

Thanks Adam!

[Adam Montana]

============ continued ==================

 

 

 Hellifiknow   nd Guru sczin11    ***  BREAKING NEWS ***  JUST RELEASED...12:05 PM EST SUNDAY JANUARY 25, 2015  "Member of the Finance Committee: 2015 budget will be approved next Thursday."

Confirmed ? Complete bs ?

I have read you saying budget n rv are independent of each other....but doesnt a budget need a currency with some value? Cant do thier budget at -1166 can they? Imho. Approval of budget is a very good thing for us....in anyway at any rate ! Right ?

 

 

I've seen that in a few places, but until it actually happens... this is Iraq we are talking about. 

 

 magawatt Hi Adam,  If expediency is desired to exchange our dinars ASAP after an RV, do the banks you have lined up have La Rue authentication capibilities on premises?

 

 

I have a constantly updated list of banks with De La Rue machines. Some banks have access to them, but at this time they are sitting in storage - no sense in taking up extra space when they aren't currently being used.

 

As the banks get their machines out of storage, I'll continue to update the list with the most recent additions. All of that information will be emailed to the VIP members here and also updated in the VIP section.

 

 

 

 psdon Hi Adam   Isn't  the dinar back by gold ? and not oil

 

 

 

Great question - the answer is "neither". The dinar is a fiat currency that is backed by nothing more than the CBI's willingness to pay a certain rate for it. 

 

Right now, they are paying $1 for every 1164 IQD. When they say "we are now paying $1 for every 10 IQD", that is the RV and it is backed by the CBI.

 

 

bonnieli Hi Adam  do you have to show where you purchased your Dinar and the transaction date when you cash out

 

 

Absolutely not.

 

 countryroads  Adam, why does it seem to me that any news coming out of Iraq comes out on Wednesday. The rest of the week is usually quiet. What days of the week does parliament  hold meetings?
I would think that if we are as close to the end as we have heard, that there would major news coming of Iraq several times a week.
I am not complaining, I am just very curious, and am coming to you for the straight scoop

 

 

Interesting observation... I'm not able to confirm if the big news indeed comes on Wednesdays. If that's actually the case, I should probably start doing these chats on Thursday!

 

Then again, hopefully I don't even have a reason to do one next week.

 

 

 

captl1 First of all Thanks for all you and your staff do for us. Do you think the GOI will conduct the census through the smart cards?

 

 

I haven't done much research on the census, sorry captl1! Wish I had an answer for you there.

 

 

 sheltagar I have heard rumors that Iraq has joined Brics? Do u have any knowledge of this?

 

 

 

I'm guessing that came from one of those GCR goons. 

 

labdog Good day to Adam and all,  I have lived through the development of the internet and sometimes forget how connected we are!

Do you think this forum would be viewed by people around the world? I sure do
My question is this; Do you think that the speculative nature of this forum as viewed by Iraq has anything to do with the RV process?
   I will see you at Chase Bank (Downtown Chicago) soon after you text me!
Good luck to us all and 25 cents from 1 dollar sounds like a good return after taxes! LOL

 

 

I absolutely do believe that the speculation is part of the RV process!

 

And if Chase is the place, I'll see you there! .25 sounds groovy to me!

 

=====================================

 

That's it for now everyone! Thanks for tuning in and keep an eye 

out for the HCL or the Budget... we need one of those things to go 

our way ASAP, and I'm feeling good about it.

 

 

 

[drj]

Thanks again, Adam!  Hoping for tomorrow but if it's next Thursday, so bet it.  I love the fact that you still feel that the RV is close!  

 

Budget...HCL..(or vice versa)...BOOM!  RV!

[Shabibilicious]

Magnum has his own crystal ball.......and so shall you, Adam....so shall you.      

 

 

GO RV, and NO BV

[MillieChatham]

Thanks Adam. We wait...sometimes impatiently!

[Texstorm]

Thanks Adam ,if you can bring this coaster to a complete stop, I promise that I will never get on it again. 

[thehotdogguy]

Mahalo Adam..................

Edited January 28, 2015 by thehotdogguy

[Adam Montana]

Oh, and I can't believe I forgot to add this link:

 

Opportunity to raise the value of the dinar




1/25/2015 0:00 

BAGHDAD - Mostafa Hashemi 
economists and experts describe the Iraqi monetary policy as good as maintained the stability of the exchange rate under difficult economic conditions and...

Read more: http://dinarvets.com/forums/index.php?/topic/195282-opportunity-to-raise-the-value-of-the-dinar/#ixzz3Q8EtdrWb

[Wiljor]

Great post Adam, we are moving forward at record speed these days. I can almost hear the fat lady's song of joy :-)

Much apppreciated

[tankdude]

So - HCL + Budget <=>  "we are now paying $1 for every 10 IQD" - at least that's what I'm hoping.

 

Note of interest - the double headed equal arrow is used in formal logic to show that semantically two statements are logically equivalent. 

 

Apparently my inner geek is wanting to play this morninng.

 

[eburt]

Thanks Adam - Will contiune to wait - Hopefully Jan and/or Feb is our month for RV  

[DinarThug]

CBI jacks up the rate 

and pandemonium ensues!

 

Bring On The Pandamonium !

 

 

         

[BJinMontreal]

So - HCL + Budget <=>  "we are now paying $1 for every 10 IQD" - at least that's what I'm hoping.

 

Note of interest - the double headed equal arrow is used in formal logic to show that semantically two statements are logically equivalent. 

 

Apparently my inner geek is wanting to play this morninng.

 

Hey Tank - Can your inner geek distinguish for the rest of us - when exactly is morninng?

 

Thanks Adam !!!

 

Great Information, as always!!

[tankdude]

morninng (noun, coll.)  The early part of any day when you are attempting to type without having enough caffiene in your system....

[BJinMontreal]

Bring On The Pandamonium !

 

 

         

 

I was thinking more along these lines ...

 

[WISKY291]

Thanks, Adam

[Artitech]

Adams last chat for 1-15, Hope we are not around for 2-15 chats!

Edited January 28, 2015 by Artitech

[MyLadiesDaddy]

COOL beans

Thanks Mr Montana.

[SnowGlobe7]

thanks ya all!!!

 

38 members 70 guests

[yota691]

Thanks Adam...and for clarity the vote is tomorrow....

Finance Committee finished once and for all of the latest draft, it is hoped that the vote on the budget at tomorrow's meeting."

Read more: http://dinarvets.com/forums/index.php?/topic/195608-breaking-news-speaker-confirms-reaching-agreement-on-endorsing-budget-law-next-thursday/page-2#ixzz3Q8S8wrKw

 

[amal]

Thanks Adam.  My thoughts on the budget hcl...  The budget is on the agenda for a vote in parliament tomorrow so Id say the finance comittee is done with it and there is a very good chance the vote will be tomorrow, before the hcl.  They will rework the hcl to reflect all the agreements in the budget law so that they dont fight over oil revenues every year when the budge work comes up, it will be law from the hcl moving forward but most of the bigger points will be law for 2015 once the budget passes.  This budget will work in lieu of the hcl and hold all the agreements together until the hcl is done.  The state of law is saying they arent happy that once the kurds meet their quota for barrels they can sell oil on their own and not through baghdad/somo but I dont think its going to be enough to stop this vote tomorrow. 

[Adam Montana]

Thanks Adam...and for clarity the vote is tomorrow....

 

Thank you!

 

[Linda]

Sorry Adam, I thought I was in the VIP section...thank you for the up date...it is appreciated...

[vietnam1969]

Thanks Adam and things are speeding up from the sound of things.