DinarThug Posted March 31, 2016 Report Share Posted March 31, 2016 CNN. Broadcasting While Tlar Prepares LOPster Bisque ! Tlar replied to a lopster a few days ago...Tlar wrote: This person who wrote above has little understanding of the facts. He/she believes like so many dinarians that there is 37 trillion dinars in circulation in Iraq and has based his/her assumption above on this misconception. The CBI website says that the CBI has "released" 37 trillion dinars which it has. That is the truth according to the CBI but "Released dinars" and "circulating dinars" are two different things. 37 trillion dinars are out of the CBI. The number of dinars "released" since 2003 has nothing to do with the actual number of dinars in "circulation" at any time in Iraq. Dinars in "circulation" is the only number that is important to our investment. A circulating dinar means a dinar being used in commerce day to day in Iraq. Most people including journalists in Iraq just report that 37 trillion dinars are out and make the mistake as describing these as "in circulation in Iraq" when in fact we know this is not true. They make no distinction between "released" and "circulating" dinars. ~~~ There is good reason for that. The CBI does not want anyone to know how many dinars are actually circulating in Iraq at any time and their website only reports the aggregate number of "released dinars". "Circulating dinars" has been a closely held secret by the CBI ever since Iraq started dollarizing their society. They do not report this number on their website because if they did and we knew the real number of "circulating dinars", we could fairly well figure the true value of the dinar. So how do we determine the number of dinars that might still be circulating in Iraq and where are the rest of the dinars that have been released from the CBI since 2003? We do have a few good clues to work with. In January 2012 Saleh either had a slip of the tongue or he just screwed up while giving an interview. He told us there were only about 4 trillion dinars still "circulating" in Iraq, while at the same time the CBI website was reporting that 30 trillion dinars had been "released" meaning there was about 26 trillion "dinars released" that were not "circulating". Then in about August of 2014 the CBI made a decision to replace all the currency in Iraq with higher security features to protect the currency from being counterfeited. They announced December of 2014 their plan to begin replacing the currency in Jan 2015 stating they had printed "5 trillion dinars" in all denominations. We can safely assume that they would have printed more than would have needed to make sure to not run out. By the middle of 2014 the CBI had determined that 5 trillion dinars was more than adequate to replace the national currency which re-affirmed Saleh's statement to the press made in January 2012. I think we can safely assume that this number 5 trillion was some percentage more than what was actually circulating because until a dinar is released from the CBI and begins to circulate it is not counted as a dinar that needs to be covered. Also it is always prudent for the CBI to have and inventory of dinars not yet released to account for some possible future growth of M1. So although we can never be accurate as to the actual number of dinars circulating we can make some pretty safe assumptions. In 2012 there were approximately 4 trillion dinars still considered circulating. The auctions suck in dinars daily. The dinars recirculate back out through government payroll and budgets. This is the ebb and flow of circulating dinars. The auctions were taking in as much as 350 billion dinars a day while selling 300 million dollars average per day in 2014 and 2015 as Iraq continued to dollarize. At their height, the auctions were bringing in over a trillion dinars a week as they replaced their circulating dinars with USD and paid for remittances, imported goods and services. So we know that by the middle of 2014 that the number of dinars circulating must have reduced some number below the 4 trillion, by some percentage. That's where it gets tricky because it anybody's guess by how much and the CBI has given us no more clues. What about the dinars that have been released that are not considered circulating? Where are they? You need look no further then you own safe of safety deposit box to answer part of that question. Are your dinars circulating in Iraq. The answer is no. So all dinars held by speculators are NOT CIRCULATING DINARS. Neither is any dinar held in a bank outside of Iraq. Bank of America, Merrill Lynch, Chase all have dinars in their vaults as does many of the major banks world wide. In addition countries around the world have dinars just like the United States. Companies that have done business with Iraq like International Harvest or the oil equipment supply companies also count themselves as betting in the dinar. Remember in 2012 there were 30 trillion dinars released but only 4 trillion circulating leaving 26 trillion held by folks other than Iraq. Why are these dinars out all around the world? Iraq after the gulf was decimated and in great need of hard currency to jump start their rebirth. The US had done a currency swap to help get the economy going. We printed their currency at our expense which the on total printing cost our Treasury 80 million dollars. Although the US treasury will never report how many dinars it has or even admit to having any, we know that for every USD that was initially given to Iraq, our Treasury Dept received 3000 dinars, the then going exchange rate in 2003. We swapped billions of USD for dinars in 2003. But much more hard currency was needed to fund an entire country like Iraq. So early on our government decided that even though Iraq was under heavy sanctions and on the OFAC list, that through executive order 13303 that the currency of Iraq would be legal for banks in the US and Europe to sell to their citizens. Very remarkable at the time considering Iraq was still on the OFAC list; In fact unheard of. So in the early days of the resurrection of Iraq before they had oil to export, before they had any products to sell to raise money, they were allowed to sell their currency to raised hard currency. That is why there is now probably close to 33-34 trillion dinars released but not circulating. Was this part of the plan from the beginning? Quite simply it was the plan. A way to refinance the start up from scratch a new democratic Iraq. Did it go to far? We have some indications that it did exceed the original numbers they had planned to let Iraq sell. In late 2011 if my memory serves me, Shabibi appeared to have tried to stop or at least greatly reduce the amount of dinars being sold to speculators. He had introduced into parliament laws to stop large amounts of currency coming or going from Iraq. He also ordered banks in Iraq to stop selling the dinar in large amounts to speculators, in particular the TBI. The TBI continued to sell discreetly to currency companies violating Shabibi's order for a few years, as there existed a cottage industry sell dinars to satisfy world wide demand. So this again is a number of how much became too much that we don't have the answer to. But what effect will this have? I don't feel it will have much effect on the pricing of the dinar because non circulating dinars although important, are not as important as circulating dinars when determining value. I hope this is helpful to all. ~ tlar 8 1 Quote Link to comment Share on other sites More sharing options...
Lnghrn12 Posted March 31, 2016 Report Share Posted March 31, 2016 The clown knows his news!!! 1 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted March 31, 2016 Report Share Posted March 31, 2016 (edited) ***/// Aside from referring to it as an " investment", We enjoyed this comprehensive article very, very much. And we'd like to thank TheCNN for bringing it here today ! Now, as far as there being too many free-rangin' IQD.... the herd will be thinned through natural selection... that being -- the evil da'esh thieves holding so much of it when we, naturally select them, for bombing into oblivion along with the stolen IQD! . Edited March 31, 2016 by SgtFuryUSCZ 4 Quote Link to comment Share on other sites More sharing options...
George Hayduke Posted March 31, 2016 Report Share Posted March 31, 2016 3 hours ago, DinarThug said: So this again is a number of how much became too much that we don't have the answer to. But what effect will this have? I don't feel it will have much effect on the pricing of the dinar because non circulating dinars although important, are not as important as circulating dinars when determining value. I hope this is helpful to all. ~ tlar Good read - now I'm waiting for Part Two - DETERMINING THE VALUE. 4 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted April 1, 2016 Report Share Posted April 1, 2016 (edited) Thank You, DinarThug, for the article! The article states, "But much more hard currency was needed to fund an entire country like Iraq. So early on our government decided that even though Iraq was under heavy sanctions and on the OFAC list, that through executive order 13303 that the currency of Iraq would be legal for banks in the US and Europe to sell to their citizens. Very remarkable at the time considering Iraq was still on the OFAC list; In fact unheard of. So in the early days of the resurrection of Iraq before they had oil to export, before they had any products to sell to raise money, they were allowed to sell their currency to raised hard currency. That is why there is now probably close to 33-34 trillion dinars released but not circulating. Was this part of the plan from the beginning? Quite simply it was the plan. A way to refinance the start up from scratch a new democratic Iraq. Did it go to far? We have some indications that it did exceed the original numbers they had planned to let Iraq sell." When I decided to invest in this speculation several years ago (and several years after it started), I thought the sale of the Iraqi dinar had to be a way the Iraqi government was funding itself until they were able to rebuild their economic infrastructure and were able to be a multifaceted international economy (not solely on oil). I was suspicious of the relatively easy availability of the Iraqi dinar to the average citizen. My thought was the rug would get pulled out from under the average citizen once the Iraqi economic crisis was mitigated. I then ran across EO 13303 and I gained confidence that this speculative investment was real and I would have a reasonable opportunity to benefit from it. The IQD dealer I purchased from was registered with the US Treasury and there were no negative reports on the Better Business Bureau site where the IQD dealer was registered. Here is the text from EO 13303 with my emphasis added: Executive Order 13303 of May 22, 2003 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act, as amended (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of the United Nations Participation Act, as amended (22 U.S.C. 287c) (UNPA), and section 301 of title 3, United States Code, I, GEORGE W. BUSH, President of the United States of America, find that the threat of attachment or other judicial process against the Development Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, obstructs the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq. This situation constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States and I hereby declare a national emergency to deal with that threat. I hereby order: Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following: (a) the Development Fund for Iraq, and ( all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons. Sec. 2. (a) As of the effective date of this order, Executive Order 12722 of August 2, 1990, Executive Order 12724 of August 9, 1990, and Executive Order 13290 of March 20, 2003, shall not apply to the property and interests in property described in section 1 of this order. (Nothing in this order is intended to affect the continued effectiveness of any rules, regulations, orders, licenses or other forms of administrative action issued, taken, or continued in effect heretofore or hereafter under Executive Orders 12722, 12724, or 13290, or under the authority of IEEPA or the UNPA, except as hereafter terminated, modified, or suspended by the issuing Federal agency and except as provided in section 2(a) of this order. Sec. 3. For the purposes of this order: (a) The term ‘‘person’’ means an individual or entity; ( The term ‘‘entity’’ means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization; © The term ‘‘United States person’’ means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any jurisdiction within the United States (including foreign branches), or any person in the United States; (d) The term ‘‘Iraqi petroleum and petroleum products’’ means any petroleum, petroleum products, or natural gas originating in Iraq, including any Iraqi-origin oil inventories, wherever located; and (e) The term ‘‘Development Fund for Iraq’’ means the fund established on or about May 22, 2003, on the books of the Central Bank of Iraq, by the Administrator of the Coalition Provisional Authority responsible for the temporary governance of Iraq and all accounts held for the fund or for the Central Bank of Iraq in the name of the fund. Sec. 4. (a) The Secretary of the Treasury, in consultation with the Secretary of State and the Secretary of Defense, is hereby authorized to take such actions, including the promulgation of rules and regulations, and to employ all powers granted to the President by IEEPA and the UNPA as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government. All agencies of the United States Government are hereby directed to take all appropriate measures within their statutory authority to carry out the provisions of this order. (Nothing contained in this order shall relieve a person from any requirement to obtain a license or other authorization in compliance with applicable laws and regulations. Sec. 5. This order is not intended to, and does not, create any right, benefit, or privilege, substantive or procedural, enforceable at law or in equity by a party against the United States, its departments, agencies, entities, officers, employees, or agents, or any other person. Sec. 6. This order shall be transmitted to the Congress and published in the Federal Register. W THE WHITE HOUSE, May 22, 2003. Edited April 1, 2016 by Synopsis Extraneous (repeated) text removed. 2 Quote Link to comment Share on other sites More sharing options...
Markinsa Posted April 1, 2016 Report Share Posted April 1, 2016 TLar is in way over his head. Currency Issued (Million) Dec,2014 39,883,686 Currency Outside of Banks (ie In Circulation) (Million) Dec,2014 36,071,593 On the Key Financial Indicators as of February 2016 Currency Issued: 35,703 + 3,730 (Currency Outside Banks + Id Vault Cash) = 39,433 Billion Currency Outside of Banks 35,703 Billion 2 Quote Link to comment Share on other sites More sharing options...
BJinMontreal Posted April 1, 2016 Report Share Posted April 1, 2016 Another case of tlar making up facts to suit his point of view. 1 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted April 1, 2016 Report Share Posted April 1, 2016 mine do not circulate...they just sit there......can we train our dinars to do tricks? 5 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted April 1, 2016 Author Report Share Posted April 1, 2016 57 minutes ago, SnowGlobe7 said: can we train our dinars to do tricks? Yep - Play Dead ... 2 Quote Link to comment Share on other sites More sharing options...
ezrapound Posted April 1, 2016 Report Share Posted April 1, 2016 3 hours ago, DinarThug said: Yep - Play Dead ... They do that VERY well indeed... Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted April 1, 2016 Report Share Posted April 1, 2016 19 hours ago, Markinsa said: TLar is in way over his head. Currency Issued (Million) Dec,2014 39,883,686 Currency Outside of Banks (ie In Circulation) (Million) Dec,2014 36,071,593 On the Key Financial Indicators as of February 2016 Currency Issued: 35,703 + 3,730 (Currency Outside Banks + Id Vault Cash) = 39,433 Billion Currency Outside of Banks 35,703 Billion Markinsa Thanks, Is that in Dinar or Dollar ref Billions outside of banks? 1 Quote Link to comment Share on other sites More sharing options...
Markinsa Posted April 2, 2016 Report Share Posted April 2, 2016 The Key Financial Indicators and the Currency Outside of Banks from the CBI Website are in stated in Dinar. Quote Link to comment Share on other sites More sharing options...
DinarThug Posted April 2, 2016 Author Report Share Posted April 2, 2016 WTF - Who Killed This Board ? I Just Clicked On The Activity Browser At The Top Of The Page And Other Than SandFly 'Thanking' A Handful Of Threads 45 Minutes Ago The Last Activity Was Over 2 Hours Ago ! I Thought That Some Clown Said That There Was Supposed To Be A Kegger Here Tonight... On March 31, 2016 at 5:11 PM, DinarThug said: Possum's Throwing Another Kegger In The Rumor Section Friday Night ! 1 Quote Link to comment Share on other sites More sharing options...
Lnghrn12 Posted April 2, 2016 Report Share Posted April 2, 2016 What do you think we hosting an intergalactic KEGGAR here? 2 Quote Link to comment Share on other sites More sharing options...
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