20MillionDinar

I forgot to mention, if the oil purchasing contract is true then that will be the end of the Petro Dollar as we know it. Meaning, the USD will be instantly devalued overnight as well, actually it will probably crash completely! So let's say the IQD "RV's" at a 1:1 rate this means that you could now cash in your IQD for $1,000,000. However, because of this new "oil agreement" the US dollar will probably devalue by at least 50% making your $1,000,000 worth about half of that. And the purchasing power of the USD will more than likely keep going down and down and down.... So your $1,000,000 USD will now buy about $1,000 worth of stuff after only a few days/weeks bringing us back to square one! LOL It is kind of a double edged sword in my eyes. Also, with the huge decline of the USD due to this new "oil deal" all other major countries currencies will be affected such as China, and Japan, and the Eurozone due to the fact that we (USA) are a consumer nation. Meaning, they all (top 5-10 largest countries in the world) rely on us purchasing goods from them. We all know that when the major countries are affected financially we have a large affect on every other country in the world. It will be a domino effect and soon every country will collapse and the game is over. By this time, Iraq's currency will probably crash as well, so we will all be multi-millionaires for a few days to a few weeks at the most. IF you could instantly exchange your new found wealth for Gold/Silver then you might be alright, that is assuming the world's financial system didn't crash all at once due to the EXTREMELY MASSIVE changes that took place! Maybe I'm just thinking too much, but this new "oil agreement" doesn't seem like a very good thing to me... Thoughts anyone?

Since there has never been an audit of the Federal Reserve or the US Treasury, the location of the 7.5 Trillion IQD is unknown. What is known is that along with the 7.5 Trillion IQD the US was given the right to buy Iraqi oil at approximately 30 dollars per barrel after a stipulated holding period rather than at market rates. How is it possible to KNOW we have 7.5 Trillion IQD but not know where it is? Sounds a little fishy to me... Could somebody please point me to a news article links showing me that we do in fact have 7.5 Trillion IQD? Also, I would really like to read up on the US Oil Purchasing Contracts as well. This could be the game changer....if it's true! Thank you.

This short video clip gives a good explanation as to how and why Central Banks enter the FOREX market.

7 Liquid Small Caps Under $3 To Consider Swing Criteria For Entry: 1) $1,000,000 Minimum Volume on Thursday April 19, 2012 (liquid stocks) 2) Between $0.25 - $3.00 3) 1-4 Day Hold 4) Up today (Thursday 19th) on a "down' day. These stocks were bucking the trend. 5) Target 5%-10% per Pick 7 Stock Picks: 1) GERN 2) VTG (1 -10 Day Hold) 3) RAD 4) FCEL 5) AVNR 6) ALSK* 7) LFVN I was going to post this last night so that anybody who was interested could get a chance but let's just see how accurate these picks were. I'll check back on Tuesday / Wednesday and post results for each stock pick. As of today, the majority of the picks actually saw anywhere from 1%-4% gains. **These are NOT buy & hold picks. This is SWING trade picks**

Just curious, who you are referring to when you say WE? Are you a registered MSB, if so, what is your company name? Or are you buying through your own personal name?

I hope it happens on a day when he is sick and DOESN'T get around to announcing the RV!

Could somebody tell the gurus that tomorrow won't work for me. I need it postponed until the following Friday. Thank you in advance.

TinMan, you have the new lower denominations? LOL Good story!

LOL This has got to be the best thread so far on Dinar Vets! Thanks guys for the laughs!

So you are trying to sell $60.06 worth of IQD for $500??????????????????????????????????????????????????????????????? What???? Looks like you are trying to create your own RV of the IQD. You should be ashamed of yourself... I hope you are only joking about the price. Unbelievable...

So our government tells the soldiers to go over there and handle business right? It's definitely, by all means necessary, OK to kill them. However, don't take a picture... Killing - OK Pictures - Bad Seems to me that the ethics and the morals of our government should be questioned, not the soldiers doing their job. It's kill or be killed out there. You ever been on the front lines sir? Just curious...

Wow! From reading through this thread I would say GoldieGirl, you need to tone it down a little and not get so offended when other people's opinions and input don't match with your beliefs. This investment is not one sided, everybody here should realize that! We all want an RV, but some things just don't add up to a substantial overnight RV... I'm not bashing anybody who believes in a huge overnight RV, but why bash others who don't believe? Sometimes it is better to just read through a post and move on. This is not the first time I have seen these types of reactions from you, I saw these kind of remarks in a few of the "Warka" threads as well. Remember, not everybody thinks the same way you do in life, just agree to disagree. When investing, it is better not to get emotionally attached. When you become too emotionally attached to an investment, rational thinking is thrown out the window.

The problem with your example is you are comparing a standard number of $20 taken down to $.20. They are currently using 25,000 which would then be taken down to 25. Their currency is already in a hyper-inflated state, hence the extra 3 zeroes, and they want to get it away from that state. The US dollar is not hyper-inflated (yet...) therefore the psychological difference cannot be applied to this scenario. It is another case of comparing apples to oranges. They use to have a regular currency, then Saddam's excessive printing and the War has caused the currency to go into a hyper-inflated state. Now the dust is settling, they are hoping to RETURN it to the former state. Hope that makes sense. It won't spur hyper-inflation, the inflation is under control and has been for a few years now. That stage is over. If they Revalued their currency 100,000% it would DEFINITELY spur hyper-inflation. It would destroy their country and they would be back to where they started over 10 years ago. I wish more people on this site understood even the basic principles of economics. Instead, people always prefer to believe in something that has never happened and is extremely unrealistic. I'm not trying to deter anybody away from the Dinar investment, or protect them in any way. Just stating a few facts that shouldn't be denied!

Exactly. If they were to re-denominate then RV their currency to $3 that would give it 3x the purchasing power! This takes them to almost the same exchange rate as Kuwait, which actually has the highest valued currency unit in the world at roughly 3.46 KWD to 1 US Dollar! Talk about a major increase in value of your currency! The US Dollar is stronger for a few major reasons: 1) We have the largest GDP in the world totaling over $15 trillion - Iraq's is $100 Billion 2) We have a currency backed by the faith of the US govt - Iraq's currency is pegged / has to be backed 100% by foreign reserves 3) The US Dollar is the PetroDollar - Probably not going to change anytime soon considering the fact that part of the reason why we invaded Iraq was because Saddam was going to stop accepting US dollars in exchange for Oil. As you can see, we are a Power House country in the world, I don't think a war torn country can come right out of the gates with a 100,000% RV and make their currency worth more than EVERY SINGLE COUNTRY's currency in the world combined overnight. Let me explain real quick: Iraq M2 of 60 Trillion Dinars I then compare the 60 trillion to a 1:1 RV which would equal 60 Trillion USD. M3 Money Supply for Selected Countries When considering M3, the total money supply (of the world) exceeds US$50.1 trillion! Of this amount, the U.S., Euro-Zone and Japan account for US$33.1 trillion or 66.2% of the total. The following graph shows a cross-country comparison for M3. http://news.goldseek.../1185894180.php What I am wondering is how does Iraq, a war torn country, come out of the gate with a newly revalued currency which now equals more than every other country combined? Iraq's currency would now be worth twice of that of the USA, the Eurozone, as well as Japan combined! Even if Iraq has HALF of the stated money supply, it would make Iraq equal to the Eurozone, the USA, and Japan combined. This is where I find it hard to believe that an overnight 1:1 RV is possible. Even $.50 is pushing it... However, I do feel that a gradual increase in the IQD is possible! This way they could slowly reduce the amount in circulation while increasing the value of each existing currency unit in circulation. Increase oil exports, build up infrastructure, promote growth in the private sector, which will all help to build their countries' overall GDP. This is how a currency gains value in the real world. If Iraq is worth 60 Billion but has 30 Trillion dinar in circulation. They could keep that same value ($60 Billion) but make each existing currency unit (IQD) worth more by reducing the overall amount. However, the decrease in currency in circulation needs to be gradual, as well as the increase in the value of the IQD. The reason it needs to be gradual / controlled is so that they maintain inflation. Keeping inflation under control has been one of their biggest priorities during the past 9 years or so, I don't think they want to destroy everything they've worked for just to have a high valued currency overnight.

What do you mean by respect? Are the Japanese not respected due to the value of the Yen? They are the 3rd largest country in the world in terms of GDP yet the yen is 81:1. Currency value has nothing to do with "respect" as some would like to put it. Currency value boils down to a few major factors: Total Amount in circulation and GDP are the two biggest factors in determining a countries currency, not the want for respect from others. Also, lower valued currencies are better for EXPORTING nations, just look at China. They keep the value of their currency intentionally low on purpose, due to the fact that they rely heavily on exports. Iraq GDP is 95% from oil exports...

Well think about it, if they actually "Rv'd" their currency overnight the same thing would happen... The most realistic way this is going to happen is gradual increases in the value of the IQD. Not an overnight RV, and HOPEFULLY not an overnight RD!

Correct, everything would be adjusted accordingly. Wages, Mortgages, Banking, Currency, Prices, Debt, etc...

Present: 25k Dinar note purchases a pair of shoes that cost 25k Dinar. Re-denomination / LOP... Post LOP: 25 Dinar note now purchases a pair of shoes that cost 25 Dinar. It is really only an illusion. Nothing lost, nothing gained. The only real benefit I see is simpler accounting especially on a commercial level. Also, they are taking their currency out of a hyper-inflated state.

Not sure if you are aware but more and more shops in the USA are accepting foreign currency as payment. There is no actual law stating that a US Federal Reserve Note has to be accepted in exchange for products and/or services. http://www.reuters.c...655798320080206 http://money.cnn.com...ncies/index.htm NEW YORK (CNNMoney) -- A growing number of states are seeking shiny new currencies made of silver and gold. Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place. "In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System ... the State's governmental finances and private economy will be thrown into chaos," said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year. Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts." To the state legislators who are proposing state-issued currencies, that means gold and silver are fair game, said Edwin Vieira, an alternative currency proponent and attorney specializing in Constitutional law. And since gold has grown exponentially more valuable, while the U.S. dollar continues to lose ground, the notion has become increasingly appealing to state lawmakers, he said. The state gold rush: Utah became the first state to introduce its own alternative currency when Governor Gary Herbert signed a bill into law last March that recognized gold and silver coins issued by the U.S. Mint as an acceptable form of payment. Under the law, the coins -- which include American Gold and Silver Eagles -- are treated the same as U.S. dollars for tax purposes, eliminating capital gains taxes. Since the face value of some U.S.-minted gold and silver coins -- like the one-ounce, $50 American Gold Eagle coin -- is so much less than the metal value (one ounce of gold is now worth more than $1,700), the new law allows the coins to be exchanged at their market value, based on weight and fineness. Local currencies: In the U.S., we don't trust "A Utah citizen, for example, could contract with another to sell his car for 10 one-ounce gold coins (approximately $17,000), or an independent contractor could arrange to be compensated in gold coins," said Rich Danker, a project director at the American Principles Project, a conservative public policy group in Washington, D.C. South Carolina Republican Representative Mike Pitts proposed a currency system that would allow people to use any kind of silver or gold coin -- whether it's a Philippine Peso or a South African Krugerrand -- based on weight and fineness. Pitts said in the bill, which currently has 12 co-sponsors, that the state is facing "an economic crisis of severe magnitude." Republican representatives from Washington State followed suit in January, introducing a bill that would also allow any gold and silver coins to be considered legal tender based on metal values. Minnesota, Iowa, Georgia, Idaho and Indiana are also considering similar proposals. Many of the bills would make it possible for residents to exchange the physical coins for goods and services, so you could use coins to buy anything from groceries to a car as long as the store chooses to accept them. However, most people aren't going to walk around with such valuable coins in their pockets, said Vieira. Plus, calculating the value of the coins -- especially if they come from different parts of the globe and are of different sizes and shapes -- will get tricky.

Philip, I'm sorry to hear about your loss. Has there been any recent news in regards to Warka Bank and the problems they are experiencing?

At least Mountain Man understands basic economics... Sounds like HE actually taught MED a lesson! LOL I would love to see some facts in regards to the total amount of currency in circulation at this time. I have always known HOW they could remove currency from circulation, problem is, they were only printing more! If we can find out for sure whether or not they have been removing currency from circulation that would be some excellent news!

No they are not. Have a look at the following Chart: http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_the_United_States

I thought you'd like this WW! In fact, I posted it just for you

Oil has been hovering around $102 per barrel on the active NYMEX futures contract. Royal Dutch Shell (RDS.A) is a world leader in the global oil business. Royal Dutch Shell closed Friday at $67.24 a share. RDS.A is trading right in the middle of its 52 week range. The company has a price to earnings ratio of 6.82 times earnings which is cheap! The company pays a dividend of 5% which is very juicy. And RDS.A announced late last week that it is buying back its own shares, which is always a great sign. Equity Play: Action to take: Buy RDS.A up to $68 per share. In 2008 when oil was on its way up to $147 a barrel RDS.A traded up to a high of $87.83 – over 29% above current levels. Oil prices have been steady so far in 2012 and the Iranian standoff is sure to cause price volatility in the coming weeks and months. Recent price of RSD.A: $67.50 -OR- Options Play: Action to take: Sell RDS.A July 20 $65 Put options at a minimum of $2.10 per share ($210 per contract). Yahoo symbol: RDSA120721P00065000 If the price of Royal Dutch Shell is trading below $65 a share on July 20, 2012, we will buy the stock at a net price of $62.90. If the price of RDS.A is above $65 on July 20, we will simply pocket the $2.10 premium we received for selling the put option! This option expires in a little over 3 months. If RDS.A is above $65, we will make 100% on this trade. I see this trade as a no lose proposition. We either make 100% or we own a great company paying a 5% dividend by the end of July.