Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation since 03/03/2020 in all areas

  1. 55 points
    Good morning, DinarVets! This one took me a bit to write up, and I'll be candid here - it was the most fun I've had writing an update in quite some time! Like many of you, I do fairly frequent "check ins" on my feelings about this investment... and I have questions, just like everyone else. "Is this still worth waiting on? Did the bus turn around and it's time to get off?" An Iraqi RV is not a guarantee, so these are fair questions any sane and intelligent person should ask themselves once in a while. I'm happy to state that today is not the day I'm getting off the bus. In fact, I'm pulling the seatbelt tighter! There was a question posed a couple weeks back about "sterilization". The CBI employs a procedure called "sterilization" as a monetary policy, but that is different than what may have been being asked... which is why I asked for clarification on it. I wanted to go deeper into the topic, but my post on CBI Auctions and the Iraqi Budget was already getting a bit lengthy. As of this morning (Friday 13 March 2020), there is a lot of "sterilization" talk - and most of it is not related to monetary policy, but actual disinfecting. The CoronaVirus is currently causing chaos in the markets, creating instability and fear that is likely to last a bit longer (but not forever), and it's always good to "get back to the basics". You know - a "check in". In these crazy times, are we the crazy ones? Are we crazy for sitting this ride out a little longer? Should we be throwing in the towel, selling all our dinar, and spending all of our money on toilet paper and hand sanitizer? I think the answer lies at least partly in the following subjects, so let's get into it! The topics today are as follows: CBI Auctions, and the Iraqi Budget. Before we do a little bit of a deep dive, I have a couple of opinions that may seem contrary - namely, the Budget and the Auctions, while important to Iraq, will probably never have a significant impact on (when or if) the RV. In spite of that, the seatbelt just got tighter, and my smile got bigger. These are complex topics, I'm going to simplify a little and I'm only covering a few of the aspects, but these are major parts of the topics and therefore a major factor in the size of my current smile. The summary, which you'll understand if you can make it through this entire post, is simple. Despite these scary and crazy times we are living in, Iraq and the Iraqi Dinar still have incredible potential. The rate of a currency is generally set by the countries Central Bank, not the IMF or anyone else. Iraq's rate is set by the CBI (Central Bank of Iraq). Ready? Here we go! CBI Auctions. These are used by the CBI to regulate the money, control the money, maintain the money - specifically, the rate and the amount in circulation. Actually, the CBI is selling USD at the auctions... but this will turn into a 7 hour read if I go too deep into that! It's helpful to understand where Iraq comes up with the USD to sell at the CBI auctions. The short version is this: Iraq's primary source of revenue is OIL. Payments are made in US Dollars, paid to the DFI (Development Fund For Iraq). The USD is then transferred to the Ministry of Finance (MoF), and the MoF sells it to the CBI in exchange for Dinars - the same Dinars that the CBI collected through the Auctions of USD. image source See how that all came full circle? Money in, money out, easy peasy. (This will take us to the Budget later.) (Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.) We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled. There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions. Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures. With those examples in mind, of course we'd like to see the currency options stop. And they probably will, at some point. But most likely not until after the RV. Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change? Fantastic question! I'll take a stab at it, using examples to make the point. At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us. If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!) If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all. A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread! I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes). That "spread", or "cost", is unavoidable. We are not going to get the full "rate". Of course, you will get a better rate (money in your pocket) if you're VIP here at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!) The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message. The Iraqi Budget. The Iraqi Budget is important to Iraq because it defines how they spend money - and yes, it's the same money that was mentioned above, which comes mostly from oil sales. The MoF distributes IQD to each department according to the Budget. The Budget allocates resources to specific departments, based on a percentage of revenue or a fixed amount, and the individual departments spend their portion accordingly - just like giving your kid an allowance. A Budget works the same way in most places, and Iraq is no different. Politicians lobby for their departments, asking for more money always, and this is why a "tripartisan" government is so important and mentioned so much in the current Prime Minister debacle. If a Prime Minister came in and seated all members of one political group, it would be like the US having only Democrats or only Republicans in power. The reason we hear about the Iraqi Budget so much is simple - they are all fighting for money. (Or power, but it's really the same thing.) The reasons I say the Iraqi Budget doesn't matter are pretty simple. You've made it this far, stick with me just a little further! 1. Whether a specific Department (Defense, Education, etc) is on the Iraqi Budget for a percentage or a fixed money amount, there is a dollar/dinar amount that can be assigned to it based on the current price of oil x demand for oil = projected income / department allocation = $ for Department. This is a simple calculation that can be done in 2 minutes on a 1 page presentation. It's literally 2nd grade math. 2. Regardless of any rate change, that dollar amount can be estimated and stay the same with a simple Amendment. Imagine a late night Parliament meeting - called at the last minute after 8PM one night, emergency, mandatory! One item on the agenda - doors are locked, cell phones left outside - the ONE ITEM is this: We are going to raise the rate at midnight provided everyone signs this Budget Amendment. The Budget Amendment, in this case, states that the previous passed Budget is fixed at the old rate and all Departments receive an immediate 10% bonus due to the CBI exchange rate adjustment. The rest of the money that becomes available is held in reserve until further modification of the Budget... EVERY SINGLE POLITICIAN is a hero and has almost unlimited job security at that point. Not one of them loses. It's the biggest slam dunk in Parliament history. Of course they wouldn't magically start to get along, but that's an offer even that bunch of hooligans couldn't screw up. OR: 3. Bypass the late night meeting and just pass a Presidential declaration stating the same. It accomplishes the same thing, and by the time anyone could complain, the rate would have been in effect long enough that it wouldn't matter. The President knows this. The CBI knows it. You know it. I know it. The bottom line here? It doesn't matter what the Budget says, because all the Budget really does is allocate money to departments. The rate, based on the global fiat currency exchange program, controls how many wing dings and knick knacks they can buy with their money because of it's international status... but the Department of Wing Dings is still going to have $X of the Budget, the Department of Knick Knacks still has $X, regardless of the rate, and that's the way it works. Fiat currency isn't an "Iraq" thing - it's a WORLD thing. OIL isn't an Iraq thing. Budgets aren't an Iraq thing. Currency manipulation isn't an Iraq thing. NONE of this is unique to Iraq - all of this is "business as usual", and when Iraq changes their rate, that's what it is - business as usual. Conclusion: There are plenty of good reasons for intelligent people to discuss the Budget and the Auctions. It's important that Iraq continue to be successful in the Auctions, pass their Budget, and continue doing business. While the world demands OIL, those who have it will always have credit. Iraq has proven itself capable of utilizing Auctions as a form of monetary control, and I don't believe their Auctions or Budget are a hindrance to increasing the value of the Dinar. In fact, it looks quite the opposite. And on that note, I say... GOOOOO RRRRVVVVV!!!!!
  2. 40 points
    Hey hey good morning DinarVets! This is one of those "holy MOLY" spots in history - so much is going on right now! Coronovirus is shaking the stock markets - if you didn't catch @Pitcher's posts in my chat last week, they are worth a look! Super Tuesday was yesterday, and it looks like the Dem race is officially Old White Guy #1 vs Old White Guy #2. (I have nothing against old white guys, I just think it's funny ). Mike Bloomberg bought American Samoa, apparently. Speaking of politics... 'tis almost full tilt political season, according to the drama-meter we run in the background. I'll take a second to gently remind everyone that this is a nice place to visit, we won't all agree on everything, and we like to keep things calm, cool, and collected. And nice. Just be nice to each other, please. BTC is hovering around the 8700 mark, despite the political and health topics and markets. Solid. On to the dinar, which is of course the heart of these updates! We also have some member questions that I'll get to shortly. Sitting (temporary?) PM Allawi has threatened resignation - rather, he has "withdrawn his candidacy". I said from the start that he wasn't my top choice for the spot, but he certainly impressed me! The man went in and started kicking things around like an Iraqi Jack Welch, which is exactly what needed to happen in Iraq. I get the feeling that he is an "all or nothing" kind of guy and didn't feel comfortable with what could have been a solid 80% win. So, what's next? The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either. As mentioned in a recent post: The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter. EDIT: As I was wrapping up this post, @tigergorzow posted this: My thoughts on it were stated above, and remain the same - the name doesn't matter, as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along. We are getting close. ====== Member questions below ===== This is a very reasonable question - it is based on logic and a thoughtful approach to the issue... ... unlike fiat currency, which is based on nothing of the sort, and actually throws reason out the window. The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply. For this reason alone, it simply does not need to make financial sense to RV. Check out @ladyGrace'sDaddy's post below: Nicely stated, LGD. The summary is this: Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will. There's always one in the group! This is a great question as well! I don't think "massive" is the correct term. "Significant" - definitely, but it's not "massive". Nonetheless - I would only be concerned if OIL was suddenly no longer in demand. Any dips or peaks in the price of oil are temporary until the global demand for oil is eliminated. While OIL is a necessary product in the global economy, the price can fluctuate all it wants - Iraq still has a majority of it, and they will be able to bank on that. If the entire world switched to solar overnight, then it would be "game over". Until that happens, I am not too concerned about the price of oil. 1 - I'll need more info on "1,000,000 IQD is forbidden". The rule is $10,000 (USD) and up must be declared in most countries. 2 - I still remember my first trip to Dubai, where there was a security checkpoint that required removing our shoes and they sprayed everyone's feet with disinfectant on the way through... but regarding your question, I'm going to need a link to be sure we are discussing the same thing Great post, Synopsis The forum software will collapse your comment, but I'd encourage anyone interested to click on it to expand and read it. My answer: I agree with your closing statement: Auctions... I'm not sure what you mean about the auctions. The auctions don't matter - if they sell at 1160 today but sell at 12 tomorrow, do we care what the rate was yesterday or if they did an auction yesterday? The auctions will continue after the rate is changed. It's how they do business. Iran's influence was a major factor, but it is greatly reduced already and looks to be shrinking more by the day. All is well in my opinion! ========= / end Member Q's ======= WHEW! That was a fun update, I really appreciate the feedback and questions from the members! I'll do that again soon, or not, depending on Iraq. Don't forget to chuck your numbers in the Weekly Pool, and GOOOOO RRRRVVVVVV!!!! - Adam
  3. 36 points
    How did I know someone was going to stomp in here and summarize a couple days of work in a single sentence?
  4. 35 points
    Happy Wednesday DinarVets! It's April first, which means you can expect some pranks today... all from 6 feet away, of course! There will be no RV pranks in this Weekly update, for the record. If I send out an RV text today, it's the real deal. (I have not yet!) Day 534,691 of the CoronaVirus lockdown... how is everyone doing? I ask out of real concern. As humans, we are a social species. Social distancing is something we are currently doing to control the spread of a virus that should burn out on it's own if we don't find a cure, but it's still a scary situation. Verizon reports that phone calls are double what they are on a normal Mother's Day, which is proof enough that we need human interaction... the Butterfly Effect is real, my friends, and it applies to more than butterflies and typhoons on the other side of the world. Stay strong and healthy through this, both mentally and physically! Wash your hands and don't be afraid to phone a friend that you haven't talked to in ages - you're stuck in the house, how many more times can you organize the pantry or clean the garage?! Whatever you do, be sure to show extra love and patience and kindness to the people you're stuck with right now. That's good advice on any day, and it goes double right now. On to the Weekly! The markets are a jungle, cryptos seem stable, OIL may have stopped the plunge but that's still uncertain, unemployment levels are and continuing that way indefinitely... is there any hope? There is always hope. There is also always truth to be found in adages, for example: Better late than never. Nothing ventured, nothing gained. As dinar holders, we are most certainly living by those two! One day, soon, these will be things that we look back on and smile about. The world is being shaken up like never before. There has never been a better time to watch things - unprecedented things - unfold right in front of us. These are wild and crazy times. Here's an example: Politicians rarely agree on anything, but a recent (historic) stimulus passed, unanimously. If you read my recent Budget and Auctions post, I described an equally possible scenario that would turn the Iraqi Dinar around overnight. Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value. It's not just a "possibility". This is something that is going to happen. The only question is, when will it be and how prepared are you? This is going to be the “I told you so” group. When the world is crying about unfairness and how the rich get richer and a hundred other things, you can join them... or you can think back to that time you could have spent $100 on Amazon stock at $1.73 (currently $1,949.72), $75 on btc at less than 10 cents per coin, or $50 on VIP at DinarVets when the IQD was undervalued and represented an incredible opportunity. Quick forum PSA: I'm all for diversity and contrary opinions and intelligent discussions. This thread is a great example of intelligent people politely discussing something they don't fully agree on. I could also link to some examples of how not to have an intelligent and respectful debate, but I won't - I'm just going to issue a warning to anyone that comes here just to antagonize members, hit the "dislike" icon, or click that annoying "report" link on anything that you personally don't like. Warning issued. On a lighter note... @tjokie shared a new crypto with us in the VIP section. Might be worth taking a sWipe at this one. https://blog.coinmarketcap.com/2020/04/01/toilet-paper-token-wipe-paper/ Before I head out - I mean stay in - this morning, I want to give a quick shout out to the hard working women and men out there still taking care of us... truckers on the roads, people working in the schools to prepare meals for the kids that need them, teachers improvising and doing the best they can with online classes and connections, health care workers, the people in the grocery stores, and more... I appreciate you all. And last but not least - get in the Powerball Pool! Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!! - Adam
  5. 34 points
    Goooooood morning DinarVets! What a week... I don't have to tell you the markets crashed, Oil is down, and half the world is now zombies. But I will tell you anyway! Before I get into the "doom and gloom" portion, here's a name for you: Adnan Al Zurfi. That's the name of the person just appointed to the Iraqi Prime Minister position. Truthfully, my friends, it's too soon right now to know if he will be the one to ring the bell for us. Let's be patient and give it a few days for some news to come out, and I'll be back with a formal Prime Minister post in a couple days. Back to the "gloom and doom" - the world is screwed. It was nice to know you all! Ok, I'm kidding... mostly. I believe education is key in most things, including the Dinar, and Coronavirus is no exception. COVID 19 / CoronaVirus / CoronApocalypse / "the end of the world as we know it" is a big deal, and it's going to have an impact on the Iraqi Dinar. My official stance on the pandemic is this: I believe it will run it's course, we will survive as a species, and you should (please) try not to be Patient 31 . We're going to get through this. It's going to hurt a little, but with some education and common sense - we will get through it. For anyone looking for education on CoronaVirus and how a Quarantine helps, this is probably the best visual I've found. A major goal in quarantine is to "flatten the curve". Wash your hands, everyone, and just stay home if you can. If you can't, well... screw it. Be sure to lick everything you see in public, including the elderly, especially if you're not sick. You're helping by spreading strong saliva. I7zrqzYpoVcXg-nlANxu8Kuk46o4lQf0d9OuSD2TQrM.mp4
  6. 32 points
    Thanks again Ron, The excitement is building. CBI uses the daily auctions to improve monetary control and foster money market development. The CBI uses the daily auctions to: - Curb inflation - keep the 2% gap Between official rate and black market rate - build foreign currency reserves - cover imports - cover public employees salary In my opinion stopping the daily auctions means only one thing; They are moving to an open market economy with a new dinar rate Go Open market economy Go new dinar rate Go purchasing power
  7. 30 points
    Hey everyone and Thank you..My Parents are ok, they are in lock down. I'm doing ok...Bless even threw the never ending storms...Hope everyone is taking care...
  8. 29 points
  9. 28 points
    Happy Wednesday, all! The news, the news, the news! I don't have a specific topic to get into today, but I'm working on a couple of deeper posts. While I'm working through those, please feel free to give your feedback and ask your questions below. On to the weekly - first some general "big picture" world stuff, and then Iraq. DJIA, the 500, the 2000... One of my favorite parts of today's update is going to be the part that I'm not even doing (yes, I'm talking about @Pitchers recent contributions!) but the following should give some of us a little respite from the last week of holding our breath while watching the markets tank: Nice little upward tick there across the board. ↗️ No real uptick on OIL, but at the moment... the plunge seems to have hit bottom. BTC has stabilized a bit, giving a few more of us a breather. Did it hit bottom, or will today's difficulty adjustment spur another drop? And don't forget about the upcoming Halvening, ETA 14 May 2020. A snippet from thehalvening.com website: GOLD - after a long, boring ride with no changes - at least something is reacting positively to all this market madness! There's a good article in the VIP section that may make you less eager to own something that you don't actually have control (physical) of. Coronavirus, while lowering crime rates in some cities, is still an issue. Stay away from people, wash your hands, let the thing run it's course. Don't be part of the problem, my friends! Thanks. US citizens may be a step closer to getting a check as part of a stimulus package. Bernie Sanders may have dropped out, or maybe not. Does it matter? Who knows, but the recent health pandemic has been a great test run! On to Iraq - up above I said "news news NEWS", right? I sure did... but, do you know what's not in those three words? IRAN. We've been through a bit of a rollercoaster over the last few weeks and months, between the Kung Flu and the (old/new/quit/appointed/current) Iraqi Prime Minister (currently Adnan al-Zurufi), but we aren't forgetting about one of the biggest reasons for the recent Iraqi shake-up: Iran. A giant positive to reflect on right now is the lack of Iran in the news. One of the most recent items of note regarding Iran was their last ditch effort to hold on to power... and as I suspected, it seems to be falling flat. Keep your eyes on the prize, my friends... keep your eyes on the prize. Sometimes the most important news is what is NOT being talked about. This is a good thing. Also a good thing, and something that is not written yet, is the part on the wikipedia page about the upcoming rate change and Zurufi's role in the implementation. GOOOO RRRRVVVVV!!!! The IMF has stated that CoronaVirus is impacting the entire world, and Iraq is included... a reasonable reaction to that would be "Oh, great, another reason for Iraq to ask for more handouts!" But, @Mary B posted a good article yesterday regarding the World Bank on Iraq... here at DinarVets, we've been expressing for some time now that it's time to stop enabling Iraq's policy of "pleading poverty". This may be the beginning of the end of that practice - in a good way, for us! They aren't broke, they have the means, and it's time for them to get it together. ‼️ Another financial article was posted by @screwball regarding Iraq's debt obligations - a few comments were made about how this could be a doorway to a GCR. While I don't subscribe to a universal "reset" happening, there are some valid portions of the theory... and the current global financial situation is edging closer and closer to something big happening, which could easily incorporate a major increase in the Dinar. All they would be doing is piggybacking on larger events, and this is a real possibility. When the world is at it's craziest, and all focus is elsewhere.... suddenly! Regardless of how or if a form of GCR occurs (it will), the topic ties into the post I published on Iraq's Auctions and Budget and how Iraq uses a banking/legal strategy to retain control of their funds, despite being on the hook for a lot of money. They use a completely legal strategy to handle their business, and it's very similar to something the wealthy have done for ages, and it's something YOU should be doing as well. Check this post in the VIP section. Just about done here, I know this Weekly is late today! I'm keeping an eye on this one: More to come! Be sure to get in the Weekly Lotto Pool - if you win and your numbers aren't in there, we can't share! So... get in.
  10. 27 points
    Hey hey DinarVets! I was out yesterday and most of the day before with a bit of a bug - I didn't die, so I assume it's not Corona. Or maybe it was, and I beat it. Wouldn't surprise me. This is just going to be a brief post for today. I spent the weekend (before I was attacked by that bug) working on a deep-dive post regarding Iraq's Budget and CBI Auctions. I'll get that posted by tomorrow morning. To the present moment... we are looking at one of the craziest times in world news that we have ever seen. We may not have an actual health emergency on our hands - the plain old flu is more dangerous to the population, strictly by the numbers - but we certainly do have a financial crisis on our hands. The world, and the world markets, are treating the Corona Virus as if it were a full blown pandemic - so, whether it deserves to be treated that way or not - that's what we are dealing with. OIL is down to about $30. BTC leapt off the cliff and plummeted to $6000, wiping out all the recent gains. Stocks... don't even get me started on the markets, I'm just thankful @Pitcher has been willing to share thoughts over the last few updates! It hasn't been pretty. Iraq is vulnerable to all of these things, just like the rest of the world - and on top of that, they are dealing with a Prime Minister issue. In spite of all that... guess who's not going anywhere? Iraq, you, and me. We aren't going anywhere. Especially not in public without some kind of contraption on our faces I'm really short on time today, so I'm going to get this posted for now. Stay tuned for the update on the Auctions and the Budget - I just need to proof it once more and it will be up. OSI members, I'm a day behind regarding that last notice we were discussing. I'll be following up on that one shortly as well. Thanks for your patience! Talk soon! - Adam
  11. 26 points
    Good Tuesday Morning DV ... RON Once Again, NO Daily Auction today. Tuesday - 3/31/2020 The ISX has not reopened for business - no reported currency change. That's 15 consecutive days (4 days closed), 11 no Auction days. And our WAIT continues.... I hope each of you will have a blessed day ... Try to spend some of it with GOD..!
  12. 26 points
    Once Again, NO Daily Auction today. Thursday - 3/26/2020 The ISX has not reopened for business - no reported currency change. That's 10 consecutive days (2 days closed), 8 no Auction days.
  13. 25 points
    Thanks for your input gregp, coronavirus fear will go down in history as one of the biggest fraud to manipulate economies... just my opinion Go RV
  14. 24 points
    Regarding transfers ... the central bank issues instructions to withdraw the dollar cash (document) Economie 2020-03-29 | 07:14 19,494 views Today, the Central Bank of Iraq issued instructions regarding the cash withdrawal commission for the dollar.
  15. 24 points
    Once Again, NO Daily Auction today. Monday - 3/30/2020 The ISX has not reopened for business - no reported currency change. That's 14 consecutive days (4 days closed), 10 no Auction days. And the WAIT continues.... Good Monday Morning DV ... have a blessed day ... Try to spend some of it with GOD..!
  16. 23 points
    Once Again, NO Daily Auction today. Monday - 3/23/2020 This, along with the ISX closed is a very interesting prospect. That's 7 consecutive days (2 days closed), 5 no Auction days.
  17. 23 points
    In January, I posted about Breitling and his partner doing webinars on tax planning for the RV. Today I got a message from his partner (which went out to all people on Breitling's mailing list) saying that, with oil prices dropping, they decided to add an extra webinar later this month because basically, time is short now. It seems that Breitling, my favorite dinar guru. thinks these oil wars may indeed push Iraq to RV quickly. If you want to attend the webinar (which are free) go to Breitling's site and at the end of his audios, he gives you the website where you can sign up for them. But the fact that Breitling feels there's a good chance the RV may happen pretty soon gives me a nice dose of hopium that has a good chance of being true! GOOOOOOOOOO RV!!!
  18. 22 points
    Good Wednesday Morning DV ... RON Once Again, NO Daily Auction today. Wednesday - 4/01/2020 The ISX has not reopened for business - no reported currency change. The last Auction was held on Monday, 16 March 2020. That's 16 consecutive days (4 days closed), 12 no Auction days. And our WAIT continues.... I hope each of you will have a blessed day ... Most importantly, try to spend some of it with GOD..!
  19. 22 points
    Good evening DV, I agree with you all and have agreed with you all during these years, everyone is entitled to their opinion and you all have expressed fantastic points of view, even if some didn’t concur. We have been on this ride for a very long time and as always, I have, and still do remain optimistic about the final outcome. In my humble opinion, we have never been in a more opportune time for an RV as the moment we are right now. The chain of events that have led us to this very moment are extremely important for a RV, and of all the time I have been invested, I personally think the moment is upon us. Without going through each item, I know you are all very well informed of the global events, between the cash crunch, oil prices, the closed ISX etc... All I can add is that this is the perfect storm, the one that could change the entire future of IRAQ as a country in itself. We are in very interesting times, one never before encountered in modern history, so yes, first and foremost, stay healthy, 2nd make a list of things you need to do, just in case 😉 and last, but not least, pray to God and thank him for the coming event, what ever it may be. On a personal note, I want to express my profound gratitude to each and everyone of you for your astronomical patience during these years, your engagements here in DV and your virtual friendship, I am blessed. Hang on ladies and gentlemen, we could be in the home stretch here, but in case the wait is longer, never loose faith in humanity, we are all we have, and, I know when we come out of this quarantine, we will all be a better person. 🙏
  20. 22 points
    I don't think this thread is reworded BS from previous years at all. The reasons I say that are because... 1) the ISX has never been closed for 3 weeks and then set to reopen on an Easter before, that I know of anyway 2) the CBI auctions have not also been halted at the same time the ISX is closed for a very long time, if ever - at least as far as I know 3) the price of oil hasn't been $20 something per barrel in over 20 years 4) there's never been a global pandemic shutting down businesses all over the world that causes an oil glut like the one we're currently experiencing 5) Russia and Saudi Arabia have never both gone all-in on an oil price war before 6) Iraq is now better poised to make real change and hopefully remove at least some government corruption and provide better quality of life for their people (including creating jobs that the young protestors are demanding) than they have been for a very long time These things are not some guru's BS. These things are verifiable facts that are reported in the news. While they don't collectively prove that the RV is set for Easter, if I look at the whole picture objectively, I see a good chance that the RV is about to pop. It might be before Easter, or perhaps after, but keeping the ISX closed until Easter seems pretty significant to me. And I really think, with the low oil prices and the coronavirus, that Iraq's best option to make up for their ongoing HUGE losses (which amounts to $30+/barrel since they need $56-$58/barrel to run their country) is to RV. No one has to agree with my viewpoint, but I don't think anyone can say all these things are merely some guru's BS opinion.
  21. 22 points
    The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo 3/24/2020 Baghdad - Mawazine News revealed a senior Iraqi official in Baghdad, on Tuesday, that the World Bank informed Iraq of its unwillingness to discuss any new loan to Baghdad, the current status of the country. The official said, "The option of external borrowing, as one of the government's means to alleviate the financial crisis, is not raised due to assurances received from the World Bank that it is not ready to discuss any new loan to Baghdad in the current state of the country," noting that "recent government decisions were unsuccessful and contributed to increasing Financial deficit. " He added, "These decisions are represented in the employment packages launched by the government, and they were all courtesy motives at the expense of the actual need, and have so far reached more than a quarter of a million jobs." Ended 29 / A 43 https://www.mawazin.net/Details.aspx?jimare=91691
  22. 22 points
    Once Again, NO Daily Auction today. Thursday - 3/19/2020 This, along with the ISX closed is a very interesting prospect.
  23. 21 points
  24. 21 points
    From Adam: CBI Auctions. These are used by the CBI to regulate the money, control the money, maintain the money - specifically, the rate and the amount in circulation. Actually, the CBI is selling USD at the auctions... but this will turn into a 7 hour read if I go too deep into that! It's helpful to understand where Iraq comes up with the USD to sell at the CBI auctions. The short version is this: Iraq's primary source of revenue is OIL. Payments are made in US Dollars, paid to the DFI (Development Fund For Iraq). The USD is then transferred to the Ministry of Finance (MoF), and the MoF sells it to the CBI in exchange for Dinars - the same Dinars that the CBI collected through the Auctions of USD. image source See how that all came full circle? Money in, money out, easy peasy. (This will take us to the Budget later.) (Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.) We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled. There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions. Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures. With those examples in mind, of course we'd like to see the currency options stop. And they probably will, at some point. But most likely not until after the RV. Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change? Fantastic question! I'll take a stab at it, using examples to make the point. At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us. If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!) If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all. A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread! I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes). That "spread", or "cost", is unavoidable. We are not going to get the full "rate". Of course, you will get a better rate (money in your pocket) if you're VIPhere at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!) The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message. In my opinion no seeing the auctions for 7 days in a row means the CBI is up to something. Go RV Go asap
  25. 21 points
    Once Again, NO Daily Auction today. Sunday - 3/22/2020 This, along with the ISX closed is a very interesting prospect. That's 6 consecutive days (2 days closed), 4 no Auction days.
  26. 21 points
    ... by the letter “tomorrow” I picked up some kind of bug over the last couple days. Or maybe I’m finding the cure to CV. Either way I’ll see you tomorrow
  27. 20 points
    Not to make light of a serious issue -------- but it appears our friends across the ocean have solutions for us all
  28. 20 points
    Because an RV would immediately give Iraq more purchasing power in all the billions of dinar they hold. You have to remember that the current rate of US$0.0085 is not a market rate. It is, and has been for many years, artifically and deliberately kept that low via the CBI auction. The reason for that is that, after the fall of Saddam Hussein, Iraq purposely devalued their dinar so that it would be cheaper to rebuild after the devastation. Iraq has always planned, and has said sp many, many times, that at some point, they want to add value to the currency and someday get back up to over US$3. While that may not be possible now because oil looks like it will stay low for a long, long time, certainly a free market there could sustain something between a few pennies and a buck. This whole situation is the reason we all invested in the dinar in the first place.
  29. 19 points
    When I started talking about the stock market some weeks ago I was mostly interested in alerting anyone who would listen that I felt the Market was due a correction. I have tried to give things to look for hopefully without scaring you to death. I gave you my honest opinion in a hope to save you some money. These corrections can take on a life of their own and if anyone says this is exactly where we are headed or this is the exact bottom I will proclaim that person is a fool. No one knows because there are to many uncertainties with this CV Crisis. This Correction has turned into a nasty Bear and in my 40 plus years of watching and trading the Markets it has been the worst thing I can ever remember. The last 3 days I have made a point to call many friends of mine who are traders and just wise people who know how to invest. Some of the words I kept hearing from them were, unprecedented, never seen this before, so quick a selloff, ferocious volatility, uncertainty, how long will the CV last, and A GREAT OPPORTUNITY AWAITS US!!! I also heard words like, be patient, filter in, buy best in breed stocks and be diversified. So, what next? Great question. I will try to give you my 2 cents of how I feel about our current state in this Market. We are in a Bear Market and those usually take time to work out all the excesses of the last Bull run. They usually run 90 days to 18 months. The problem with trying to figure out where this all will end is the uncertainty caused by the CV, the duration, and the destruction of earnings due to businesses being ordered to close. Real damage has been done to this economy and the longer it goes on the more damage it will reek. In the 2000 Dot Com bursting Bear Market it took 2 years to find a bottom and start a new up trend. In that time we had 6 bear flag rallies of 20%. I remember trying to trade those rallies thinking that was the bottom and subsequently getting slapped around and losing a lot of money. If you do try to trade these bear rallies just know there will be a risk in doing so. I will not consider going long until the CV news gets better. Presently we are shooting into the dark at a moving target that is data dependent and that data seems to change by the minute. When I started writing these posts I said to watch the moving averages in relation to the price on the S&P 500. I told you to watch for the price to cross the 50, 100 and 200 ema’s. I also told you to watch the 50 ema to see if it crossed the 100 ema and the 200 ema which is called the death cross. I also gave you support lines on the S&P 500 to watch for. Well all of those things happened. If you haven’t sold by now then you are a buy and hold stock investor and there is no sense worrying now. Also, it’s probably the worst time to sell if you have already taken 30% losses. So the good news is that the CV will run it’s course and a new upcycle will eventually begin. If you are a Long Term investor (5-15 years or more) you have a great opportunity to rebalance your portfolio and buy best in breed stocks in any given sector. If you were too heavily invested in one or 2 Sectors like Technology, Oil, Hospitality, Retail now is a decent time to diversify and have a more balanced portfolio. You might want to buy some great companies that have a low debt, strong, balance sheets, and a demand for products and services once this CV runs its course. You might even want to try buying some speculative stocks that are being propped up by the Government like Airlines, (Delta, Southwest, United, Alaskan) Boeing, or hotels like ( Marriott, Hilton, Wynn, etc). Just know they have been beaten down and are in serious economic trouble. Those are a very Speculative Investment that will probably take years to realize a gain. It takes a strong will to buy those. I bought Boeing last week knowing full well I could lose another 25% or more. That was my one Swing Trade that worked out very well. Some of my friends are trying to buy Oil as a Speculative Trade buy. I’m staying clear until we get some clarity on the SA/Russia Oil War. If you try that the stay with major Integrated or necessary for the oil business stocks like Chevron, Exxon, Hess. Those are still pretty well capitalized without too much debt. I’m not going to post everyday like I have been. As I stated my main purpose was to hopefully keep some of you from losing 20-40% of your retirement accounts. Some of us don’t have years to recoup those losses. In the future I will probably give you my thoughts once or twice a week. I just feel we are going to have some tough times ahead as our peak to trough may end up being closer to a 50% loss like in 2000. Keep an eye out for the lows of 2191 on 3/23/20 on the S&P and if we break below that then your target low will probably be the 2016 low around 1800. Expect more volatility as the process works itself out and the CV does it’s thing. We will probably have more tradeable Bear rallies on good news followed by more retreats on bad news. As I am writing this the Futures look abysmal. I apologize if this seems very negative. I just call it like I see it. Eventually this CV will to pass. As always please do your own DD and consult your financial person for more in depth analysis and advice. Hang in there, and I truly wish you all the best!!
  30. 19 points
    An agreement between the Communications Commission and the Central Bank to activate the electronic banking system 04/03/2020 Baghdad - Mawazine News, The Media and Communications Commission discussed with the Central Bank of Iraq, on Wednesday, a memorandum of understanding on the basis of which the system will develop the electronic bank and provide technical consultations within the projects of the Dom 2025 strategic initiative. The authority stated in a statement received by Mawazine News, a copy of it, that "the authority, in the presence of the head of the executive branch Ali Nasser Al-Khuwaildi, member of the Board of Trustees Salem Mashkour, technical assistant, directors of the video and audio regulation department, the comprehensive service department and the communications regulation department, discussed with the governor of the Central Bank Ali Al-Alaq and members From the Board of Directors, the Dom 2025 strategic initiative has set among its priorities the development of the financial and banking sector and the contribution to the transition towards digital financial trading, as well as training and development programs for technical cadres with the assistance of the International Telecommunication Union. Al-Khuwaildi said, "The commission is keen to communicate with all institutions and the central bank, foremost of which is the basic pillar of the state." Al-Khoweildi suggested "forming a joint team that takes it upon itself to develop a memorandum of understanding between the authority and the central bank to implement strategic technological programs that could benefit the rest of the sectors, such as agriculture, the economy, health, education, and education." For his part, Al-Alaq stressed that "the economic and financial aspect is the most challenging in Iraq, and the electronic banking transformation will contribute to its growth, especially with the presence of 70 private banks and hundreds of exchange companies," expressing "welcome to the initiative of the commission to hold a memorandum of understanding for joint cooperation in implementing vital programs On the level of Iraq. " In turn, the Board member of the Board of Trustees, Salem Mashkour, referred to "the importance of the media in disseminating electronic banking awareness and dealing with the media in a transparent manner to establish a solid banking culture in a clear way away from ambiguity", calling the central bank to "sponsoring media campaigns aimed at spreading economic awareness and the importance of technology in its development ". The statement pointed out that "the first items of the memorandum of understanding were also discussed, which included developing programs and applications for the banking and financial transfer system and training cadres to manage them, in addition to technological projects to support other sectors and state institutions in general. The agreement also included the establishment of projects in rural and remote areas represented in the delivery Communications services, building schools, hospitals and other service projects. "Ended 29 / p https://www.mawazin.net/Details.aspx?jimare=88849
  31. 18 points
    3-10-2020 Intel Guru Frank26 ...we believe the coronavirus has put the CBI in a very comfortable wonderful situation where they were lacking the mechanism to bring in the 3 zeros in order to complete the reinstatement of the Iraqi dinar...they're telling them they'll give you new currency when you bring in your three zeros...they say the reason why is they're saying they want you to bring in the currency that has the virus on it. But that's silly. That's ridiculous because the teller is not wearing a med-hat suit. He's not wearing gloves. He's not in a bubble...he's giving them the new small category notes...the logic is a bunch of baloney. It's not true at all. The CBI is using it to their advantage... the CBI has begun a very strategic usage of this... 3-10-2020 Intel Guru Footforward ...as of right now my feeling is this could be done by the end of march. 3-10-2020 Newshound Guru Jeff ...There's one main thing we're both [Guru Pimpy] looking for. When we see it we're gonna bring it forth and show it to you. It's almost here. It's gonna confirm everything that we've shared with you to let you know you're right there and right on the cusp and edge of this thing. When we see it we will share that with you...we are looking amazing. We're still right on track with everything... 3-10-2020 Intel/Newshound Guru Frank26 ...the next thing IMO that we should be seeing is the CBI governor Allaq and representations, the Prime Minister Mahadi right now under the caretaker government as a whole and the minister of Finance...those three entities to do a Q & A broadcast presentation speech to the country of Iraq in strong support of the redenomination process of the Iraqi dinar. IMO we're at a good stage for lift off... 3-10-2010 Newshound Guru Angel1 ...There was breaking news all across the [Iraqi] news networks and what they were talking about there was going to be a Q & A interview with the PM Mahadi and the Minister of Finance. I am desperately trying to get my hands on the translation...I believe it was a good piece of what we are looking for. [Reference Frank26 3-10-2020 ABOVE] We are in an incredible position...what we were waiting for was happening on the other side of the world. I cannot stress enough - things are on red alert...what we have been seeing behind the scenes has been happening...we are starting to see the public results of private meetings and that is why we're excited... SOUNDS LIKE POSITIVE NEWS TO ME - WE SHALL SEE..!
  32. 18 points
    These people are extremely motivated. You have to give it to them to be marching in the streets in close quarters with the CV outbreak. They are holding the Politicians feet to the fire. This is exactly what is needed imo. Politicians fear a mob of people who are carrying clubs and pitchforks. Hoorah for their bravery.
  33. 17 points
    Agree, get it done, we can buy stuff on Amazon and go on a fake vacation like this guy
  34. 17 points
    I actually feel sorry for all those people who got out and are not watching this. History is being made and we got front row seats. Our Ship is in the Harbor
  35. 17 points
    Spoke a little bit more tonight with my friend. He said he first met the new PM when he was a teacher and then later as he was a translator and the new PM was with the CPA, he got to know him because he worked with him often. As a matter of fact, the new PM would ask for my friend to be present in the meetings because he trusted him more than others. The new PM does know both Arabic and English according to my friend.. I jokingly said he needs to go back home and talk to his old friend about getting a job in the parliament.. lol he just laughed..
  36. 17 points
    Iran thinks the Coronavirus is a problem, they are about to get hammered. The US is about to use it's Trump Card.
  37. 17 points
    3n1 I agree. Mary B good article. This is what these guys do. They wait for a crisis and then us it as an excuse to dip into the til. we all know what the answer is... Revalue the currency to a fair and reasonable value. Maliki tried this when he was in office. They bring this on themselves and want To go to the easy low hanging fruit first instead of doing what's right. I just hope Al Alak has the balls to just say no, and then turn around and do what's right. We will see. It's crunch time now. Oil prices well below the prescribed rate for the budget and dropping. The reserves are solid and can cover the value of the currency at at least 1:1. Note count has been substantially reduced. Git er done boys! Mr.Unlikely needs a new boat!
  38. 17 points
    Hey DV and Good Morning everyone Hope all is well. Sorry for the abrupt departure from posting the news, Life been changing and somewhat harsh around here in my parts. Been dealing with Family health issue. (Parents). As I have for quite some time, but things took a turn for the worse in Dec and still dealing with today, it everyday. I would like to Thank those folks that have reach out in Private message and those that have commented in threads and those that have keep my Family in Prayers. I appreciate you and your Prayers and I Thank the Lord even threw the Storms.
  39. 16 points
    Good Thursday Morning DV ... RON Once Again, NO Daily Auction today. Thursay - 4/02/2020 The ISX has not reopened for business - no reported currency change. The last Auction was held on Monday, 16 March 2020. That's 17 consecutive days (4 days closed), 13 no Auction days. And our WAIT continues.... I hope each of you will have a blessed day ... Most importantly, try to spend some of it with GOD..!
  40. 16 points
    Iraq has a stimulus built in and ready to go! I don't mean to sound jaded, but I don't expect Iraq to do it for "the citizens". It's not going to get done "for the people" - but it will get done, and many will benefit, including the little people. The "unsung heros" indeed - there are a lot of them! I just threw out a couple of examples off the top of my head, and that's one I know many people don't even realize exist. to yours and many more like her 💖
  41. 16 points
    Thanks Adam. I work at Meijer in Michigan. If you don't know what it is, it is a grocery/department store and we are open for business. I don't mind working right now but what I do mind are the people that come into the store because they are bored! There are some that come everyday. There are some that bring the whole family in "to get out of the house"! It is ridiculous what people are coming to the store for. A lot of what people are buying are unnecessary items. Most people can live off of their pantries and freezers for many weeks if only they would. Please everyone be mindful of the ones that are working to keep the food chain going. I praise all of the first responders and healthcare workers for their tireless efforts to keep people alive and safe! Pray for everyone! Maybe if people would stay home for a full 2 weeks we could slow the spread and be able to have the banks open again for RV! Stay Home and Stay Safe!
  42. 16 points
    I knew where my dong was the whole time, just had to pull it out. Got my dong in one hand and my dinar in the other ready to go cash in.
  43. 16 points
    It Looks Like He Was Trying To Knock The Ball Out Of The Wrong ‘Mitt’ ! And Wound Up ‘Facing’ The Minnesota ‘Twins’ ...
  44. 16 points
    I spoke briefly to my friend tonight. I read that the new PM elect is from Najaf so I wanted to see if he had an opinion about him and he definitely did.. He first called the new PM “my boy”, Directed at me.. I guess because he lived in the US for awhile.. lol 😂 I asked him what he thought of him and he said he is still corrupt, but he is probably the best of the bad apples. My friend actually worked with him at the Coalition provisional authority, so he knows him well.. I don’t even know what the CPA really is, maybe somebody can enlighten us. But he likes him and said it shocked a lot of people in Iraq that he was nominated. He said it was completely unexpected. If you have any questions that you want me to ask my friend, feel free since he actually knows him..
  45. 16 points
    We need to quit $&@“ing around, stop the *** for tat and respond with formidable “shock and awe”!! Blast these F@&$ tards to oblivion!!👍🇺🇸
  46. 16 points
    Basra light crude price today at $46 per barrel. I believe budget calculations are base on $56 dollars per barrel.... More pressure on Iraq. I think is it time for the CBI to intervene and jumpstarts the economy.
  47. 16 points
    Amen...! Praying every day at 11:11AM PST for it to happen on SUNDAY, 3/22/2020 FROM ANOTHER THREAD: Perhaps it might be propitious for all of us to take a moment to pray at 11:11 AM every day and COLLECTIVELY ask FATHER GOD to bring about an increase value in the IQD. Many of us have called this event our BLESSING, and the FATHER loves to bless His children (James 1:7 Every good and perfect gift is from above, coming down from the Father of the heavenly lights, who does not change like shifting shadows. Also, Luke 12:32 Do not be afraid, little flock, for your Father has been pleased to give you the kingdom.) Remember what Jesus said in Mark 11:24-25 Therefore I tell you, whatever you ask for in prayer, believe that you have received it, and it will be yours. ,hawk-eye-view suggested the date March 22, 2020 and the following: 2:11 pm EST 1:11 pm CST 12:11 pm MST 11:11 am PST I like this best for everyone's convenience, plus ScaryMary suggested the time first 10:11 am AkST 9:11 am HST So, here we go ... Corporate prayer at the same time - all in agreement for the increase in IQD Value. ......
  48. 16 points
    Hezbollah has no business being in Iraq. Time to eradicate them just like ISIS and Saddam. This country will never be nothing more than an Iranian satellite country if the people don’t kick all the bad actors out for good.
  49. 16 points
    I like it. Time for Trump to hit them in the pocket book. They will understand that.
  50. 15 points
    This is very exciting.!!! Looks like April is our month. Go CBI Go April Go RV Thanks Ron👍🏼


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.