tport2

And I thought your link on the document made it legitimate? Talk about talking in circles!!!!

I've been in this investment for over 2 yrs and have listen, read and researched as much as I can. I will tell you, my opinion of your suggestion doesn't hold one oz of water. I can tell it means the world to you, but when you insist that a link is fact and therefore is the truth, well you can believe it but I will take it in the same manner as everything else and draw my own conclusion. You guy's pay grade isn't close to the level required to release anything of importance especially something as important as a huge distribution of the world's wealth. Therefore we get a general response from the Congressman's "staffer" regardless of title. The Fed could hold dinar for the UST and therefore their statement is correct technically and not give out any meaningful information. I'm sure govt. attorneys provided this statement for the general public. I'm not concerned by a baptism by fire because I will post my opinion and what as been stated when I feel like. Because I state something doesn't make it fact just like your links. If you believe the statement from staffer, I'm sure you're getting ready to sell your dinar since you believe your link as fact. If not then you're just arguing for the sake of arguing without any facts. Therefore, "Nuff said" Mr. Dalite.

It appears you missed my whole point so no reason to go any further. Ask Frank yourself for the PDF, you're the one who wants it.

The pdf document is as generic as Frank's statement. Whether Frank is a MLM preying on Christians, you must know better than I, even though no link to prove that statement. You can link to anything whether legitimate or not, links don't "prove" anything. That fact that you linked to a person's background doesn't prove what was stated was totally accurate. If you disbelieve what Frank stated, file your own FOIA request with the UST to prove Frank wrong. The problem with all this information in "intel" land is it is hard to prove any of it. People have to evaluate information on their own to what makes sense and what doesn't. You choose to disbelieve, great. I choose to "not discount" information because it doesn't have a link which can't be shown as 100% truthful. Again I state that an RD and an RI/RV are two different animals and if the pdf document states a RD is being proposed doesn't eliminate the possibility of an RI/RV. Also no link doesn't mean something didn't happen, the event/news may not have been published. We aren't told everything that happens.

If Iraqi RD's their currency doesn't mean they can't RV their currency. Two separate issues. Frank filed an FOIA request with US Treasury and got a response that the UST is holding in excess 20 trillion in dinar. I don't feel any information of substance would be disseminated by a staffer of a US Congressman. A talking points paper is used as a cover for congressmen when they don't know the answer or don't want to tell the whole truth. I got into this investment because of the potential wealth of Iraq. I still feel this country's currency will pop and pop big and it will happen very quietly. Good Luck to all of us in this investment.

He!! yes, we all are! I don't think any of us, except you, are in this investment for dollars.

Todo, You sure seem to know a lot with your post but all I'm looking for is a date and a rate. Can you help me with that in one or two lines?

a BIG agree to that!!!! Rudy Coehen's drop dead date is 12/31/10 or sooner in the $3+ range. With Coehen's background in forex/currency trading for Chase Bank I rank his opinion much higher that Sonny1 and Phoenix combined.

I don't know where people think "this is just his opinion". Phoenix states this is intel he has been told for 2 years not his opinion. This post was a waste of my time reading it and I will not read any future post by Phoenix.

The information below was posted by Steve Ennorste which will give you some insight on the dinar. There are numerous posting on various sites that give that author's evaluation of how the RV will happen. It will be up to you to determine what makes sense to you. Good Luck. The documented History of the Pending Revaluation of the IQD « on: August 29, 2010, 11:56:18 PM » Quote The following is something I posted some months ago. I repeat it here only so that we might all get to "speed" on our investment. I hope you all find it valuable, either as "new news" or as a "review". Originally this was all in various colors. I haven't the energy to reproduce all of the colors this late in the game. If you want the actual file, email me at dinardude@gmail.com and reference the title. Here is the post: The documented History of the Pending Revaluation of the IQD In an effort to allow us all to have the same information from which to arrive at our own conclusions regarding the pending RV of the IQD I thought it would be helpful to place here, in one place, all documentation regarding the RV in chronological order. In doing so we will be able to see how the “action plan” has a long history and how to interpret the term “redenomination” today. 1. September 2005 http://www.talkgold.com/forum/showthread.php?t=28719&page=44 Official statement: The value of the Iraqi dinar for monetary policy, such a policy is the responsibility of the Iraqi Central Bank, the Ministry of Finance is responsible for fiscal policy. He added, but suggested that Mr. Governor of the Central Bank Dr. Sinan Shabibi need to raise the value of the Iraqi dinar and return to normal through the lifting of three zeroes. Voadeni Mr. Governor well to hold an expanded meeting next month to study the proposal by experts in this area of the Iraqi Central Bank, Ministry of Finance and Commercial Bank, namely, the proposals to get the value of the Iraqi dinar equivalent of [to] the American dollar, this goal we will strive to achieve, God willing, during the four years Llahkom e due to the new Iraqi dinar healthy stand of the other currencies. Lastly Zubaidi corresponding reference to the International Monetary Fund to support the resolution Iraqi dinar remarkable considering that the Central Bank of Iraq financially cover $ 11 billion dollars to support the value of the Iraqi dinar and the cover is rarely found in the third world. 2. June 29, 2006 http://www.iraqdirectory.com/DisplayNews.aspx?id=1593 Baker Jaber AL Zubaidi: Iraqi Dinar Value should be Raised Al-Sabah - [6/29/2006] The Ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraqi dinar in order to return it to previous levels where one Iraqi dinar was valued at 3.33 US dollars. This was pre 1980 before Iraq became involved in three destructive wars that at one time led to the currency's value dropping to a level of 3,000 Iraqi dinars to one US dollar. The proposal has the support and approval of the World Bank. A statement by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. He explained that the financial authorities were set on holding a meeting next month to discuss the matter. The meeting is to be attended by experts and specialists from the Ministry of Finance, the Iraqi Central Bank and the Commercial Bank . The new Minister confirmed that 2007 would see the preparation of a qualitative budget, the first of its kind in Iraq history, and that the new program would pinpoint economic indicators. 3. January 21, 2007 http://www.iraqdirectory.com/DisplayNews.aspx?id=2994 Minister of Finance: support of oil derivatives continuous Salary increases are calculated from this month, the dollar worth 1260 dinar this year and will drop to one thousand dinar soon Translated by IRAQdirectory.com - [1/21/2007] The Minister of Finance denied that the 2007 budget had lifted support for oil derivatives, and confirmed that his ministry had allocated the funds required for the new salary scale which will be implemented this month, but the Parliament did not approve the plan of implementation so far, pointing out that the value of the Iraqi dinar against the dollar will be 1260 dinar for this year with putting a fiscal policy to restore the strength of the Iraqi dinar. Minister of Finance, Baqer Azzubaidi, said that: the value of crude oil pumped from Iraqi oil fields to the refineries that belong to the Iraqi Oil Ministry worth seven billion dollars, which represent the government support for petroleum products; also, three billion dollars have been allocated from the financial budget to cover the expenses of constructing new refineries and maintaining the current ones, with a further $ 300 million to buy kerosene. Azzubaidi explained that the revenues of selling petroleum products would remain in possession of the Ministry of Oil to be used for sustaining and developing other oil projects, pointing out that lifting the support on oil derivatives has only included the high-quality imported gasoline which is used in modern cars. He also explained that the Ministry of Oil can purchase the necessary materials used in improving the derivatives from its own budget. As for the salaries of government employees, the Minister of Finance said that: his ministry had issued directives to pay the salaries according to the new salary scale, but the Parliament has delayed the ratification on implementing the plan due to the lack of quorum which caused the delay in preparing the Parliament's own budget, approving the budget of the Supreme Judiciary Council and delaying the government from presenting the budget to the Parliament. He pointed out that the new applications of Kurdistan government; including the deduction of its imports directly from the various imports, added another reason to delay the presentation of the budget. He explained that the Ministry of Finance has put figures for the budget of the Ministry of Defense, considering it as a sovereign Ministry to settle its issue among the parties which called for considering it as a non-sovereign one. Al Zubaidi emphasized that the Ministry of Finance and in consultation with the Central Bank seeks to identify the exchange rate of the dollar at 1260 dinar during the this year. It also laid down a plan to restore the Iraqi dinar to its former era during the coming three years expressing his hope to stabilize its exchange rate at 1000 dinar for the dollar during the coming period. He pointing out that the inflation is not a fixed situation but a temporary one, and that one of its causes is the crisis of leaking goods into the Iraqi depths from the ports because of the terrorist operations; also, the rise of the prices of oil derivatives during crises forms another cause for inflation. Regarding the current year budget, Azzubaidi described it as ambitious; eight billion dollars have been allocated for security for the first time, despite the allocation of large amounts for investment that will contribute to solve the crisis of unemployment and increase economic growth by 8-10%, so as to ensure the completion of service projects in all governorates. He said the remaining funds from the final account of last years amounted to eight billion dollars, and that the government would provide final budget to the Parliament during the first quarter of this year. 4. August 2008 http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.foratnews.com/paper.asp%3FID%3D8383&prev=_t&rurl=translate.google.com&twu=1 From Forat News Plan to increase the value of the dinar against the dollar and the deletion of three zeroes ”Finance Ministry has prepared a plan to increase the value of the dinar against the dollar and then delete the three zeroes from the dinar's value to contribute to the advancement of the Iraqi economy during the coming period with the Iraqi central bank denied the rumors making the dollar worth 1000 dinars and said in a statement issued by the Ministry of Finance:, the Minister Baqir Jabr said During his recent visit to the Jordanian capital Amman, said the CBI chagrin financially estimated $22 billion and three tons of gold intended to support the Iraqi dinar. He said that successful fiscal policy pursued in Iraq have contributed to increasing the value of the Iraqi dinar against the dollar, noting that the dollar exchange rate dropped significantly during the current year, stressing that all efforts will be channeled to the deletion of three zeros from the value of the dinar. “On the other hand denied the authoritative source in the Iraqi Central Bank rumors making the dollar worth 1000 dinars, or a change denominations or raise zeros from the current currency.” “He said in a press statement that the bank has been following with great interest the phenomenon of low demand for the dollar in the local exchange markets, stressing that such information or rumors surrounding the aim of achieving commercial gain emergency for some users at the expense of the public.” 5. February 6, 2010 http://www.rferl.org/content/Iraq_Pl...n/1950504.html “News / From Our Bureaus Iraq Planning Currency Redenomination ”February 06, 2010 “BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports. ”Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. ”Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued. ”Both will be legal tender in Iraq until the old notes are completely withdrawn. ”Iraqi officials have had a long-running plan to redenominate the Iraqi dinar. In 2006, the Finance Ministry recommended to the Central Bank that it carry out such a plan. ”Salih pointed out that banks are having a hard time accepting cash savings and deposits, but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money. He said some 80 percent of Iraq's money supply is cash in circulation. ”Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars. ”Economic analyst Hilal al-Tahhan told RFI that the bank's move is overdue. He said he expects the currency change to go smoothly because of the decision to allow both the old and new banknotes to coexist, leading to less turbulence in the economy. ”The current exchange rate is 1,167 Iraqi dinars to the U.S. dollar.” 6. February 10, 2010 http://articlesofinterest-kelley.blogspot.com/2010/02/two-currencies-coexist-together-and.html February 10, 2010 Two currencies coexist together and gradual replacement Central Bank (time): Delete the zeros start end of the year BAGHDAD - Ahmed Saleh Khyoun CBI begins the end of the year and gradually replace the currency now in circulation a new currency which zeroes deleted within the strategy to reform the monetary system started in 2005. Bank consultant and announced the appearance of Mohammed Saleh told (time) on that (the bank has completed 50 percent of a strategy switch in and out, delete the zeros of the nominal value of the new currency while retaining the cash value and purchasing power), said that (the replacement process will be gradually and spontaneously high and without fanfare, as will be There are two currencies to trade at the same time go hand in hand), but (that the purchasing power of the new currency will remain fixed). Saleh said (there are multiple advantages of this strategy, including ease of trading between the citizens and facilitate the work of banks, counting, sorting, and stand on the counterfeit currency and to facilitate transactions of the citizens with the banks on the deposits and withdrawals in addition to facilitating the process of monetary reform after hitting a currency issued in circulation now 25 trillion dinars, while in 1990 was about 25 billion dinars and this in itself calls for the deletion of zeros). In the answer to a question by (time) whether the Central Bank has set a deadline for the replacement of the currency said (we did not define this ceiling until now that the matter is still under study and the reality of work at that time will decide how long the replacement process). Responding to another question about the Iraqi currency held abroad and how to replace it "(The right of a citizen is to remove the $ 200 thousand dinars and he could only replace it like any ordinary citizen here in Iraq, either from abroad, the banks in the States would be responsible to us of the assets of our currency), He pointed out that (a media campaign will precede and guide the process in order to raise public awareness of the importance of this and that our banks and our will all be ready to provide all facilities to the citizens and emphasize once again that the process does not affect absolute quiet in the market also note that many countries replaced their currency and benefit from their experiences in this area, including Turkey, Russia, Brazil and others). 7. February 11, 2010 From Al-Iraq News.com Conscious / Baghdad / G. E 11/2/2010 3:51 pm Finance Minister Bayan Jabr said the lifting of the zeroes of the Iraqi currency will support the currency against the dollar. Zubaidi, in remarks quoted by reporter (news agency, Iraqi Information / conscious) that this proposal by the Ministry of Finance to the Central Bank of Iraq was not affected increase or decrease but it is just delete the zeros vocation not only the case in many countries Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. According to an official source at the ministry The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey and this policy will raise the monetary value of the Iraqi currency and will of the Iraqi dinar Strength of cash against all currencies. Summary The following summarizes the seven articles above. 1. September 2005 but suggested that Mr. Governor of the Central Bank Dr. Sinan Shabibi need to raise the value of the Iraqi dinar and return to normal through the lifting of three zeroes. the proposals to get the value of the Iraqi dinar equivalent of [to] the American dollar, this goal we will strive to achieve. 2. June 29, 2006 The Ministry of Finance together with the Central Bank are studying a proposal to raise the value of the Iraqi dinar in order to return it to previous levels where one Iraqi dinar was valued at 3.33 US dollars. A statement by B.J. AL Zubaidi, the Minister of Finance, in which he said that he had suggested to the Chairman of the Central Bank, Dr. Sinan AL Shibibi, that three zeros be taken from the Iraqi Dinar in order to raise its value so that one Dinar be equal to a Dollar. 3. January 21, 2007 Al Zubaidi emphasized that the Ministry of Finance and in consultation with the Central Bank seeks to identify the exchange rate of the dollar at 1260 dinar during the this year. It also laid down a plan to restore the Iraqi dinar to its former era during the coming three years expressing his hope to stabilize its exchange rate at 1000 dinar for the dollar during the coming period. 4. August 2008 Finance Ministry has prepared a plan to increase the value of the dinar against the dollar and then delete the three zeroes from the dinar's value to contribute to the advancement of the Iraqi economy during the coming period On the other hand denied the authoritative source in the Iraqi Central Bank rumors making the dollar worth 1000 dinars, or a change denominations or raise zeros from the current currency 5. February 6, 2010 The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. ”Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. Both will be legal tender in Iraq until the old notes are completely withdrawn. but by dropping the zeros it will make it easier for both the banks to deal with their customers and for the general public to carry money 6. February 10, 2010 CBI begins the end of the year and gradually replace the currency now in circulation a new currency which zeroes deleted within the strategy to reform the monetary system started in 2005. 7. February 11, 2010 this proposal by the Ministry of Finance to the Central Bank of Iraq was not affected increase or decrease but it is just delete the zeros vocation not only the case in many countries Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey and this policy will raise the monetary value of the Iraqi currency and will of the Iraqi dinar Strength of cash against all currencies. This short summary of actual quotes from reputable sources gives us a clear indication of the on-going plan of the CBI to revalue the IQD to at least $1.00 in the near future and then to remove gradually the larger denominated notes as they become unusable in the market place. This summary further totally eliminates any possible interpretation of a lopping of zeros such as happened in Venezuela.

That was awesome!!!!

[quote name='tport' date='06 July 2010 - 09:04 AM' timestamp='1278425060' post='142693'] I agree with Soldier and his comment. Why is there such a gap between what Dinar Investors and Professional Money People believe? I know professional money people have to provide advice only on "qualified" investments as such and are not qualified to provide advice on non-traded currencies. But what confuses me is "Why do they stay TOTALLY away from any advice on the IQD other than it is high risk or a scam?" I spoke with a high net-worth advisor from Chase bank and tried to set up an appointment with him in order to be prepared for the conditions of post-RV. He was interested and an appointment was setup, but after about 5 days, he emailed me and stated that based on discussions with his "Team", they have decided to cancel the schedule appointment and wished me the best with my investment. Yes, he know that this meeting was based on the RVing of the IQD and I just wanted to share this experience. I found it confusing as "Soldier" has mentioned. I would certainly be open to any comments. [/quote] You can find an investment guru that will say just about anything regarding an investment, from it's a scam to it's a great opportunity. You just need to evaluate everything you hear with what you know and go with what you think makes sense for that investment with the understanding that you need to constantly need to re-evaluate your decision as new information regarding your investment or events that may effect your investment and make appropriate changes if needed.