hot2bewe

You don't read well, I never said he new all about it. I was talking with him about the economy and he remembered that I had mentioned in the past I had bought Dinar. His next words were you'll be cashing in soon, and then went on to tell me about those two people.

I just got off the phone with a very close friend and my former manager at Bank of America. I will start by saying Bank of America is not cashing in Dinar yet, I repeat they are not cashing in Dinar yet. He went on to tell me that a female customer of his wired transferred 250k from a foreign bank related to a Iraqi Dinar purchase and that she was going to be wiring another 250k. He further went on to say that another client of his had 10 mil dinars and wanted to set up a meeting with the Client banking group. This person is very honest and has no reason to lie as he does not even own any dinar. Now whether the lady was telling the truth about the wire transfer I don't know, but why would she lie. My friend advised me the wire transfer came from a foreign bank. Something is going on.

Funny it's like Deja Vu all over again. The last time I remember the US gave money and military weapons to Iraq it bit us in the rear. Oh when will we ever learn our lesson.

If I hear " There's a lot of pressure to get this thing done" 1 more time I will vomit

Don't waste your time on the VND. Silver is where the ticket is. Few people actually know that there is less silver then gold. They are both being manipulated to keep them low because they are both used in many electronics. Silver reserves have already been shown will run out before gold and at these prices it's a steal.Typically silver has followed a trading pattern behind gold except for the last 5 years. This will change as the supplies continue to run out.

All the negative info I've seen has been refering to their amount of capital. Same problems the US banks had, except I don't forsee any bailouts coming over there.

Not sure who you really talked to but as a former bank manager myself I can tell you anyone at the Branch level will have no knowledge of the RV till it happens. Anyone that says otherwise is just blowing smoke.

Sitting here just thinking to myself I started to ask if Dinar Dealers can go both ways. We all know they are making a killing selling Dinars to us. Many have said that there are posters out there hyping the dinar to push sales. But is there another reason? I'm a firm believer that 1 or some of these dealers know what is going on because many of them have strong ties like family in Iraq. Is it possible for the dealers to be pumping because they know the RV/RI might be coming. As they know when it RV's All banks will jump on ship and exchange dinars. Now some people will not take any chances on mail or going to a office and just start calling around to the banks in their area and cash out at whoever has the best rate. I know this is true because I've seen several people post it. I'm sure the Dinar dealers know this as well. So is it possible that prior to the RV we may see some serious pumping because they are trying to make as much as possible before the RV not knowing how many people will cash in with them, if they even do cash in dinars. Just a thought and with everything that has been going on anything is possible.

Doc you're a pretty smart cookie and I enjoy your posts and input. What are your thoughts on the 582 bil Foreign CB Liquidity swaps already showing up as paid back. Now keep in mind this is the same deal that was done when the US originally invested in Iraq, just would like to hear you input on this.

I think at this point M would be happy to get anything.

Afagan is a bad example far less people and far less cash in circulation. Plus if you hadn't see there appears to be somewhere between 1-3 tril in minerals there. Kuwait has a high value because they only have like 30 bil in circulation and a population of about what 3-4 mil. They have that same oil value but far less in circulation. Iraq still has a lot of paper to bring in before they see the big bucks.

Keepmw - First of all 1 time and 5 bil have a pretty big spread between them. I thnk you need to go look at previous RV's and L O P's historically. In any RV or L O P the local currency has been killed so that foreign companies can come in and build, buy and invest at a lower cost to them. Jamaica, Romania, Turkey the list goes on and on. By devaluing the local currency it creates a non-competetive environment. Look at the local farmers in Jaimaica. You would think they could grow their own food cheaper then buying it from another country. But because the IMF and World Bank forced the devaluation of their currency it made local goods more expensive then imported ones. This sort of thing has happened time and time again. All you need to do is read and research. As far as the costs of goods and wages are concerned I think some of what you said or were rambling about is correct. If a person is making 100k dinar a month and the rate goes to 2 they will not get 200k dinar a month. Now the actual avg salary in Iraq is about 266 us a month and 3200 us a year. Now if you think a loaf of bread cost 3 dollars right now, then again very naive. Prices will reflect wages. They can get a bag of samon(their staple bread) containing 40 rolls for about .50 us cents or a loaf of bread for about 10 cents. Try to do that in the US. A new release DVD is about 1.75 us. What I'm saying is that the actual cost of living in Iraq is very cheap because the wages are cheap. If wages go up the cost of living will go up, it's just common math. Yes once it said and done there will be less physical dinar, no one is disputing that. In the end configuring banking, wages, prices is a very complex thing. That's what I refered to if a person working in a oil field is making say 266 us a month and the dinar rv's their wages will follow. because now the dinar is worth more then the dollar. It's a very complex formula that they use to figure wages and the cost of goods. There will be a period of high inflation after the rv till they realize at what level the prices need to be at. This can take up to 5 years. It's very complex. This is why as I said until all the major contracts have been signed with the figures already wrapped into them we will not see a rv. The whole 5 year plan thing that came out in the news is good, because that tells me they are close to signing all the deals if they are looking at a 5 year project. I could go on and on but I think you get the jist of it. Go back and look historically at RV's and L O P's and look at the outsomes, you will see what I'm talking about.

I always pay attention to the facts. Why do you think I laughed at the 19 country RV. Do you think I pulled those links out of no where, maybe it was research. Don't mean to come of rude. Exactly on GE. Iraq doesn't have to RV to pay GE, they have plenty of tradable currency that they can use to pay for the work. This was the only thing you said I agree with. Again I laughed when sonny started talking about the whole 07/26 contract thing even before GE was brought into the picture. You were reading into my whole GE mention a little bit to much without I think reading what I even said, or maybe just understanding it. Again not trying to be rude. Now for the rest of your statement. Ok if a country like Iraq where to RV and their currency rises what will that do to wages? Not hard, wages will go up. Do you really think a RV would take place and wages would not go up. If you do then you are very naive. So if wages rise what would that do to the production cost of a barrel of oil. Ummmm it would go up. Now for their currency being higher and exporting oil. The exchange rate of a currency has nothing to do with a contract price on a barrel of oil. That price is set by a little thing called the commodities exchange. So if oil is selling for 70 usd barrel it's selling for 70 usd. Now lets say the Dinar RV's at say 2 bucks per dollar. If the Dinar is valued more then the dollar and they receive 70 dollars a barrel and the dollar is worth less then the dinar how is that a benefit. Again the exchange rates have no effect on the price of oil. What you just said or implied is that if the Dinar RV's to say 2 dollars and oil is 70 dollars a barrel the US will have to pay 140 a barrel, and the answer is no they still pay 70 dollars a barrel. Just think about what you said and use simple economics and maybe a little understanding of the commodities markets might help. So if there is a RV the cost of a barrel of oil production would go higher because of higher wages. Hence the oil contracts. Here's some research for you. When a company like say Exxon negotiates a oil contract the production cost is built into that contract. So if Iraq signs a oil contract with them saying 6 dollars a barrel for production then it has to remain at 6 dollars a barrel till the end of the contract. Even if wages go up and naturally with a RV they would. Just like in any other country that has already RV'd in the past. So, no you did not shed any light for me. If they RV will it give them more purchasing power, of coarse. Iraq though is not in control of their own destiny, again you're very naive. As I never really look at any of these so called Gurus predictions with nothing but giggles. I hope you now understand a little better where I stand on that front. I don't get mad when dates come and go I just laugh. As I said Iraq has not and is not in control of the RV. When all the oil, natural gas, infrastructure and other projects have been signed we will see the RV. Why because all the costs will already be built into the contracts which were originally signed when the Dinar was only worth 1170 per dollar and the wages were figured at that price. In short the corporations are in control of the RV and there is nothing else to be said.

Funny how this has gone overlooked. http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost Notice also there was 582 bil Foreign CB Liquidity swaps. All of this has been overlooked by all the so called Gurus. Notice how the Liquidity swaps are not outstanding but the 100 bil from the IMF is. There is so much more going on then just Iraq and us wanting a RV and I stress wanting. Everyone of these so called Gurus seems to be overlooking the bigger picture. 19 countries Rv'ing all at the same time, what a joke. GE saying they won't begin to do work until there is a reconizable currency, last time I checked even though the Dinar is not reconized globally it is still traded. After all how did we all get our Dinar. Loans from the US,IMF and world bank. I want everyone to look at this link: http://www.kanabona.com/kanabona/?q=energy_cost_of_oil_production Where is the cheapest oil production cost. HMMMMMMM, the middleeast. What has been the really only development in IRAQ, hmmmmmmmmmmm oil contracts. The cost of production of oil has gone up huge in the last 7 years and do you notice when the increases began, 2003. Everyone says the world has been ran by oil just like in the past tea, sugar and tobacco. So naturally corporations are going to look out for themselves and look for that profit. Why would any of these large oil companies want a RV in Iraq. If a RV happens the cost of oil production goes up, once again costing them more money. You want to know why the RV has been delayed click the links do the math and there is your answer. Look at the break even prices. If Iraq wants to make money from a economic standpoint they are better off not RV'ing. Political bickering between Iraqi parties, nothing but a bunch of rabid dogs fighting over scraps. Their country is being sold off at the flea market. Can no one really see this are we just being blinded by the hope of making a ton of money. I really thought there would be some kind of RV by mid July. Not because of GE contracts but because of civil unrest. The corporations of the world don't care about the Iraqi people, they car about cheap oil. We will not see any kind of increase until the people have been pushed to the brink. Yet we are close to that there appears to be a little more unrest to cause. Obama saying the national debt to be paid off in 3 years, hmmmmm. I don't think so. So many read into to much and don't understand what is really happening, the bigger plans at hand. World unrest is what they need to achieve their goals. A chaotic state is what they want. Wait and see it will get worse. This is not a prediction but a brief outline of what will come.

The funny thing is the amount of money the govt has spent on the bailout which is around 5 tril, they could of just given 50k to all the US Citizen households and required they use the money to pay off debt. So the banks would of gotten their money and the American people would be a lot less in debt. But that would of been to easy. http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost