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

Frank61

Platinum VIP
  • Posts

    724
  • Joined

  • Last visited

Posts posted by Frank61

  1. On 12/23/2020 at 11:59 AM, Adam Montana said:

    Good morning everyone!

     

    Christmas is two days away and I'm enjoying life with the family... but still keeping an eye on everything, and ready to roll any time and any day Iraq wants to!

     

    I hope you have kept up with my recent updates - I've stated multiple times that I expect Iraq to release "bad" news before they RV.

     

    Just this last weekend, it was announced that the rate would be changing to 1450...

     

    ... and yes, that is the wrong way.

     

    Unless it's not.

     

    Someone, please, ask me how much I'm freaking out about this "news"?

     

    Ask me how disgruntled I am about the situation.

     

    Ask me if I agree that this is the end, Iraq has given up, we wasted our time here.

     

    Anyone... anyone?

     

    :lol:

     

    I'm not surprised, not even a little bit, and quite frankly... I'm even more excited about the prospect of a near future RV.

     

    With an official announcement of the move to devalue the currency, many people will be running to sell their "now worthless and doomed" currency.

     

    Many larger holders will almost have no choice but to take the loss, selling their dinars back.

     

    And Iraq will be sucking up currency from the outside, decreasing the external supply, and therefore decreasing their liabilities, which makes it cheaper for them to RV.

     

    This is not rocket science, my friends!

     

    This is the kind of announcement they can afford to make, because it works in their benefit.

     

    They would never announce a future increase in the exchange rate, because investors would do the opposite - rush to buy dinar, which would cost them money.

     

    I could go on for hours. Pages and pages could be written on the reasons this is a solid move for them Pre-RV.

     

    I'm not worried. If you are, you can simply sell your holdings down to a size that no longer worries you.

     

    I'm certainly not doing that. 

     

    :pirateship:

     

    From now until Christmas, you can take advantage of a BOGO deal - Buy One, Give One! Every VIP!" rel="">VIP membership purchased between now and midnight Christmas entitles you to Give an equal amount of VIP!" rel="">VIP to anyone you want... even yourself ;) 

     

    Just grab a VIP!" rel="">VIP product from the list below:

     

    3 Month VIP!" rel="">VIP here.

    5 Month VIP!" rel="">VIP here.

    Platinum Lifetime VIP!" rel="">VIP here.

     

    Be well, Merry Christmas, and 

     

    GO RRRRVVVVV!!!!!!!!

     

    :tiphat: 

     

    - Adam

     

    P.S. Almost forgot the weekly Powerball Pool!
    Merry Christmas Adam and thank you for all you do !
     

     

    • Like 1
  2. 42 minutes ago, Adam Montana said:

    Sorry everyone, the day got away from me - nonstop since 4am and I’m just sitting down to dinner with the family. 
     

    I’ll be back tomorrow with a Weekly. 
     

    :tiphat:

    No worries Adam, youre on it .  Thanks for all you do !

    • Thanks 1
    • Upvote 1
  3. 7 hours ago, brob said:

    Update on my experience with Al Karmal,

     

    I freed up some funds and began a wire transfer to Al Karmal following the instructions provided when they opened the account form me (around Nov 23). 

     

    Up until this time I still hadn't received my user name/password and I still could not see my holdings (and whether or not they were able to acquire them from Warka).

     

    I emailed Mr. Ajina at Karmal prior to initiating the wire, and as is usual, he responded promptly (within a day).  He wanted me to provide him a copy of the transfer, which I did and I kept him informed throughout the process.  So my International wire transfer goes out Tuesday 12-19, on Wednesday 12-20  I get an email from the Karmal Accountant that I have funds in my account.  

     

    By end of the day Wednesday I have a user name and password (a small logon on problem was quickly resolved) and by Thursday 12-21 I am online and viewing my ISX holdings that I haven't seen (or knew if they existed) in years.

     

    Al Karmal thus far has been professional and PROMPT-what a nice surprise!  

     

    The wire goes through Bank of Baghdad when it gets to Iraq and they take their cut $30. Something to keep in mind for future transfers.  This also got me thinking, its obvious Bank of Baghdad likes money, I wonder if all of us Warka clients may be able to bribe our way over to Bank of Baghdad-just thinking out loud

     

    Im doing the same !!  ITS in the works now.

    • Upvote 1
×
×
  • Create New...

Important Information

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