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jopy

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Posts posted by jopy

  1. Interview with Keepm with Sam I am

    in Chat Logs

    Posted

    Keep,

    I obviously don't post much, but have seen you around and understand your position. I too have been in this for awhile and remain very conservative.

    I do disagree with your premise though on the the outstanding dinars whether its 4 trillion or 30 trillion. Recent articles from the CBI have stated they want the dinar to be a world reserve currency. I believe this was the plan from the beginning. It is probably correct to assume a larger majority of countries hold the hard currency. Yes, we Americans and ( gov't included surely hold the most). As you know monies in reserve ( including foreign) are meant to stay there to prop up the value of their own currency and not used for spending purposes. I believe most of the money that is cashed in after the RV will be reserved as such. The ones that go back to Iraq from traders may play a little roll but am I sure the UST has figured some of that out. This outcome will offset the burden the Iraq government presumably has.

    My next disagreement lies in your idea Shabibi is against an RV. I have read just about every interview and article he has been quoted in and my assessment he is in favor of raising the value of the dinar IMO, to at least the 1 to 1 rate without creating a lop. I understand your viewpoint from other post you have made about the re denomination and will touch on it briefly.

    Here is a quote today from the CBI/Shabibi about the dinar "Scheduled that are deleted three zeros from the new currency, ie that the sum of one thousand dinars will become the new currency was IQD one. This probably looks like a lop/re-donom to you, but to me an RV or increase in value of the dinar as the CBI has said many times would result from the removal of the zeros. I don't believe it will RV down the road after a currency change...too much at stake for other countries. Yes, there is speculation about the lower denoms "old ones and "new ones" but when they are introduced I believe there will be an increase in value on par with the dollar ( give or take ). I know many countries have forgiven the Iraq debt for reasons besides contract arrangements. It is quite obvious many of those countries are in need of boosting their reserves with a valuable Iraq currency.

    I too have listened to scooter,highlander, and others about the budget and other countries like S. Korea and the GDP numbers. All I have to say is Iraq has way more assets to make a solid case for a legitimate RV than any other country under article 8, WTO status, etc with a similar currency rate.

    Finally, I rather believe quite opposite than you and think Maliki is the hold up or someone farther up the PTB chain. Nevertheless, it will be interesting in the coming weeks to see the outcome of the budget, National conference (if held), and summit.

    Thanks for your candor though.

    • Upvote 3

  2. True value of the Iraqi dinar

    in Iraq & Dinar Related News

    Posted

    Hello, I would like to share some reading material with you all. The type of things I thought I would read when I joined.

    My name is Paul, and I am a Forex trader. I love currencies of all types and how they each trade for their own given values. The Iraqi Dinar "IQD" Obviously has a value of more than 1170 IQD per 1 USD. But what is it? Well let's see. *First: What kind of country is Iraq? A country that exports it's reserves, Industrial say 5%, ( Oil, Gas ) mining say 95% and imports 90% that it consumes.

    How does this add up? Well it means that Iraq is a wealthy country that can support a healthy currency. When you pair a currency with another currency many fluctuations happen for several reasons but the over all movement of the pair is from the interest rates that each currency holds ie... if a currency is under valued and holds a low interest rate because the country has a need to export goods at a great price in order to continue to be strong. If a currency is over valued and has a high interest rate it is because the country has too high of inflation from imports due to it being rich.

    *Second: How does Iraqs' interest rate pair against other currencies? http://www.cbi.iq/index.php?pid=Home IQD interest rate is at 6% this may not fair well with going up against the New Zealand KIWI NZD but it will do fine with Japans' JPY or the USD.

    *Third: Gross Domestic Product ( GDP ) If Iraq can reach 12,500,000BBL of oil per day along with natural gas ( NPG ) and an industrial sector. They would achieve 1/3 GDP of the United States.

    *Forth and final: with the population being 10 times that of Kuwait and the forecast of GDP being 10 times that of Kuwait also then one would believe that the Iraq dinar would be that of the Kuwaiti Dinar in 10 years. The time frame that Iraq has given to reach this 12.5 million barrel a day production.

    So ready for the answer??? .74 USD per IQD but keep in mind speculation and you will see that the Iraqi's have already accounted for what I have not so believe it when they posted http://www.mop.gov.i...&pid=295&lng=en 1.134 Iraqi dinar per 1USD is the actual value.

    Thanks for the post...but what are you saying about this "that the Iraq dinar would be that of the Kuwaiti Dinar in 10 years" Are you expecting the exchange rate to rise for Iraq in 2020. Most will believe it will happen right now or 1st quarter 2011. Thanks for your thoughts though.

    • Upvote 1

  5. DA_TRUTH_DONT_HURT Email: Great Info from the TBI

    in LOPster tank

    Posted

    * DA_TRUTH_DONT_HURT Email: Great Info from the TBI

    November 29, 2010 01:51 pm · Posted in CHATS / POSTS · Comments Off

    WELL, GOOD EVENING ..ITS MONDAY NITE ABOUT 2130 PM AND EVERYTHING IS STILL THE SAME IN THE NEWS…AS I POSTED LAST WEEK ALLAWI IS FINALLY IN AGREEMENT WITH HIS POWER SHARING RESPONSIBILITIES AND NOW MALIKI WILL SWIFTLY MOVE INTO FORMING THE GOI AS SOON AS POSSIBLE….AS I STATED EARLIER THAT MY TIMELINE WAS FOR AROUND XMAS…BUT I FEEL THAT MIGHT BE SOONER….NOW I DID HAVE A MEETING WITH A BANK REP AT TBI

    (211 Al Kindi District, Zuqaq 13 – Bldg. No.4, Al Harthya Baghdad -Republic of Iraq (+964–1) 5439617/8/9

    …I ASK ABOUT THE LOWER DENOMS AND THE REP TOLD ME THAT CBI WAS PLANNING ON DISTRIBUTING ALL THE SMALLER DENOMS WITHIN 3 WEEKS…NOW IT SOUNDS LIKE THEY ARE WAITING FOR GOI TO FORM BUT HE TOLD ME THAT WASNT THE CASE AND THAT THIS WAS IN THE PLAN SINCE EARLY SEPT..NOW I ASK HIM ABOUT IF THE RATE OF EXCHANGE WAS GOING TO CHANGE WITH THE DISTRIBUTION …HE TOLD ME NO!! THEY WILL CO-EXIST WITH THE LARGER DENOMS, THEY WILL THEN IN TURN START ELIMINATING ALL LARGER DENOMS WHILE BOTH CURRENCIES ARE IN CIRCULATION..I ASK WOULD THAT AFFECT THE CURRENT RATE…HE SAID THE PLAN IS TO REDENOMINATE THE LARGER DENOMS TO COEXIST WITH THE SMALLER DENOMS(OTHER INFO WITH THIS)…ONCE MOST OR ALL 3 000′S DENOMS ARE ELIMINATED THEN THEY WILL RAISE THE EXCHANGE RATE TO BE ON PAR WITH THE USD……IF YOU MUST FIND OUT CALL THEM IF YOU FEEL YOU WANT TO QUESTION MY INTEGRITY…..NOW HE TOLD ME THE LOWER DENOMS WILL START TO BE DISTRIBUTED IN 3 WEEKS TO MOST

    PRIVATE AND PUBLIC BANKS HERE….BUT WHEN THE PUBLIC WILL GET THEM IS WHAT HE DOESNT KNOW YET, SINCE GOI HAS NOT BEEN FORMED. THERE IS OTHER INFO THAT IS REALLY GOOD,TRANSCRIPTS, PDF FILES BUT …I’LL LET DD SEE IF HIS BUDDIES(GURUS) CAN FIND OUT!!!….ITS MORE INFO ABOUT THE LOWER DENOMS……GOOD DAY ALL!!

    Thanks for the post. This statement has me thinking alongside the recent Phoenix post. The big question here is will they raise the dinar at all

    before the window is closed? What reason do they have to make the dinar more valuable to us individuals. The US govt's dinar is probably

    electronic and was told on DinarVet they will hold until 6 months to use which is well after the cash in time for us individuals. During the

    exchange time the Iraqi's will probably exchange their higher denom bills for the smaller denoms and could they be exchanged onto the smart

    cards for convenience? Will smaller denoms leave outside Iraq for us to exchange our "current" higher denoms during that window. I see foul

    play here. I tend to agree with Phoenix about a possible "set up" going on. We need to dig deeper here and find some answers.

    Now, I sure would like know Phoenix's input and for one what it's worth, I appreciate his posts. From reading his last one and his replies about

    cashing in quickly, I seem to notice him favoring a revalue during that short window, but I don't see in his statement any direct verbage about

    the revalue happening during that 7 to 45 day window. Yes, I understand supporting the banks and taking care of your taxes indicate a return on

    our money during that window and he has been very positive a RV is coming. However, perhaps his meaning or "not sure at all" that after they

    pull in the larger dinars and deem them worthless that the RV rate will happen and will be the value he has been proposing.

    I tend to think he means an RV during the window, but show me anything that specifically states that in his last post.

    To let all of you know I have been invested in the dinar since March 2010 and have been reading the forums quite regularly. I have been getting

    a bad vibe today because my best client who has a huge gov't contract in Kuwait/Iraq told me to definitely get back what I purchased. He told

    me one of the presidents of the Bank of Iraq said it wouldn't RV until many years. He told me he bought some early on but sold it when it raised in

    value some time later. Iv'e know this guy for years but just now got up the nerve to ask him. He did say if anything changes he will let me know.

    Now... I don't know if he is up to current speed on Shabbi's 2010 statement and other developments going on but I will hold on to my dinars

    for now and take my chances.

    PLEASE NOTE: I am in know way trying to discourage anyone here. I am just trying to read between the lines whether good or bad. I am like

    most of you, have a simple family, US citizen, working hard to make a difference. My dad was a Staff Sargent in WWII and very proud to be an

    American.

    Thanks

    • Upvote 3
    • Downvote 3

  6. Heads UP! November 25th 2010

    in Dinar Rumors

    Posted

    Phoenix, I don't know why everybody is trying to give you a hard time. I have always found your information to be as good as can be expected, and I always weigh it along with all the other gurus, or whatever you want to call them. Please don't let a few idiots (if this offends anyone, don't be an idiot) keep you from coming here and sharing your thoughts with us. Just wanted to let you know that you are appreciated by the majority. Thanks again. Peace out. ;)

    Completely agree wolfman! Thanks, Phoenix

  7. Making Sense of the Numbers

    in LOPster tank

    Posted

    He might have ment down the road, and im sure he also had the ISX in mind when he gave the go ahead to invest(not speculate) in iraq.

    Thanks for reply

    Ok, I can see your point, but why allow US registered Dinar traders via the presidential order to sell the Iraqi dinars to citizens if knowing full well this "speculation" is a farce or nothing really to gain?. I understand the investor side for rebuilding the country. Also, what about the Paris debt settlement. Forgive me if I am wrong, but wasn't most of that debt pretty much forgiven or Iraq payed little of it back . What does Paris get out of this? Oil contracts?

    Kind Regards

  8. Making Sense of the Numbers

    in LOPster tank

    Posted

    I appreciate the point of views here but it still bothers me about Former Pres. Bush talks on how this Iraq war will pay for itself. Does he mean 100 years down the road from future oil revenues? Are all these countries that are forgiving Iraq debt settling for a simple lop or RD without any thing to gain? I know some will be for oil credits but what about others? Seems puzzling to me.

  10. IRAQ - KUWAIT IS READY TO SIGN!! Borders agreed & Chapter 7 to be lifted!!

    in Iraq & Dinar Related News

    Posted

    SteveI,

    Thanks for reminding me of the IMF article. Can you help me understand the part where it says"IMF holds a vision for Iraq as completely isolated from the

    global system"

    Does the word "as" mean they are trying to let us know that Iraq is preparing to become an internationally recognized currency or are they saying they

    want Iraq to raise the value of the dinar in house perhaps for a while outside of the global system. I am am trying to understand how this effects

    contacts, parliament salaries, etc. and I have been reading articles about how an "in house" RV won't work but I was thinking a short term "in house". I

    hope what I said is not too confusing.

    Either way, thanks for all the time you have put into this.

    Blessing to you and your family.

  12. Parliamentarians: the Iraqi budget for 2011 of more than $ 86 billion and acknowledge

    in Iraq & Dinar Related News

    Posted

    Has this information been talked about before???...or for that fact any of this post?

    He also revealed that «all the groups had agreed at the last meeting on the importance of expediting the formation of commissions after the day of Eid al-Adha, and also send a letter from the House of Representatives to the Government requesting the removal of the budget to parliament for approval, and here is the budget of the priorities of our work now is of importance, and prevent the disruption of the wheel of the government all the citizens, noting that the delay in approving the budget in 2010, was due to intersections of the blocks because of the proximity between the elections and the government turned to the conduct of the business, and delayed negative impact on all aspects of the state, we do not want the ball back again ».

    • Upvote 1

  15. I Know I Am Going To Be Banned: That's Just Fine

    in RV & Dinar Questions

    Posted

    My goodness Rich...

    Why would you think you would get banned? I for one have many complaints about our fearless leader being oddily absent at this very important time. Believe me when I say that is an issue we all should scream about, especially as paid VIP members. We aren't waiting for 'after' the RV to learn about what deals were made for "us". I have to make plans NOW. As for post RV investment opportunities, I look forward to evaluating those.

    As for your comments, they were very respectful and didn't slam anyone in particular. So you're good buddy.

    Here are two reasons why I disagree with your declaration of rate.

    1. The reason the rate is low with United Arab Emerits (sp...sorry), Saudi Arabia, and Qatar is because they pay their citizens a very healthy annual payment for their national GDP asset. Bahrain, Kuwait, Omar and others do not. Those countries' wealth is defined by their international trade value. The lowered valued countries perfer to recoup their wealth by sharing their income so to elevate each citizen's independent wealth.

    So comparing any of their rates in the basket is unfair. You have to have mini groups inside that basket to determine why their currencies differ.

    2. One of their clearly stated goals of Iraq is to de-dollarize Iraq. If their Dinar is of lower value than the dollar, there is no way the citizens will use the Dinar. They will use the currency of higher value. Period. Hence, in order to achieve the internal use and increased pride of the Dinar, it must be at least a penny higher than the dollar. Otherwise, they will use the Kuwaiti Dinar, Bahrain Dinar, US Dollar, or any other currency available that is worth more than theirs.

    Rich...hang with us friend. We are at the end of the bumpy road. We will celebrate with a cold one in Atlantis. All will be very good.

    Excellent Joe P -the voice of reason.

    I agree and the ".27 rate" will be a back-breaker for Iraq. Yes, they will destroy all the higher denoms coming in, but many investors including us will just turn around and buy more of the new lower denominations and stock up waiting for them to increase the value higher and cash in again.

    Iraq will have to start the auctions, buying/selling etc. as well. This is worse than starting at a higher rate maintaining stability and currency fluctuations.

    • Upvote 4

  17. Christians find some unlikely supporters in IRAQ

    in Iraq & Dinar Related News

    Posted

    thanks for the post sgtsanders.

    It was good to see other Iraqis Muslims use the phrase "brothers" for the Christians there. It has to start with the muslim leaders of all sects to not only condemn terrorism but to condemn the "jihadist"teachings of their "Qur'an" religion that inspire this violence...unfortunately pride is the dominate factor and which leader will be the first to admit that...

  19. ISRAEL "RAISING THE BAR" ON IRAN

    in Off Topic posts

    Posted

    This is a post by Joel Rosenberg today. It seems relevant with all the other Iraq stories posted. If something like this is on the horizon, then when the "dinar RV" occurs it might be wise to cash in rather sooner than later. Will a strike occur early next year?? Who knows. Will this affect the Iraqi currency post RV.?...not sure, but war has a dramatic effect on the economy.

    NETANYAHU TONE CHANGES ON IRAN, BEGINS LAYING GROUNDWORK FOR POSSIBLE MILITARY STRIKES, SANCTIONS NOT WORKING

    By Joel C. Rosenberg

    (San Diego, California, November 9, 2010) -- Israeli Prime Minister Benjamin Netanyahu's trip to the U.S. was originally supposed to be three days. It has been extended to five days. He stopped first in New Orleans on Sunday to speak to a conference of American Jewish leaders, and to meet with Vice President Biden. He's now spending several days in New York meeting with UN Secretary General Ki Ban Moon, Secretary of State Clinton, and others. The Obama team is trying to focus on peace talks with the Palestinians. But Netanyahu's focus is different. He is warning military strikes against Iran may be necessary. Indeed, Netanyahu's tone on Iran is changing. For much of the year, he has been fully supportive of economic sanctions. But the PM is now telling the U.S. to put a credible military threat on the table. He is, I believe, beginning to lay the groundwork for a possible Israeli preemptive strike, if the U.S. and the West can't stop Iran any other way.

    Yesterday, I did an interview with NewsMax.com. Here are some excerpts. The full interview is posted on my weblog, along with the latest headlines on the Netanyahu visit.

    "President Barack Obama isn't doing enough to keep nuclear weapons out of Iran's hands, and Israel may have to launch a military strike as a result, says author Joel Rosenberg, former political consultant to Israeli Prime Minister Benjamin Netanyahu," reports NewsMax.com. "Rosenberg, a New York Times best-selling author, recently published The Twelfth Imam, a novel. 'It's not simply dangerous that Iran's leaders have publicly called for the annihilation of Israel and the U.S. and that Iran is rapidly pursuing nuclear weapons,' he tells Newsmax.TV.

    "'The problem in Iran is that the regime has an end-of-time theology. It believes we are living in the end of days. It expects the Islamic messiah, Twelfth Imam, to come at any moment.' Furthermore, the regime believes that annihilating Israel - 'the little Satan' - and the United States - 'the big Satan' - is the way to hasten the Twelfth Imam's arrival. 'This is what's so dangerous: nuclear weapons soon in the hands of people who believe it's their God-given mission to end Judeo-Christian civilization as we know it,' Rosenberg says. 'We're rapidly approaching the point where this could become all too real.'

    "Netanyahu has said that American economic sanctions against Iran aren't working and that the United States must put a credible military threat on the table, Rosenberg notes. But he doesn't think Netanyahu is convinced that the Obama administration will take decisive action. 'I think the prime minister is laying the groundwork for sometime next year that if the world and U.S. don't take decisive action, Israel may have to take action itself. I pray for peace but think we have to be prepared for war…..'"

    • Upvote 1

  21. Iraq Dinar T.V segment LINK TRANSLATED

    in Dinar Rumors

    Posted

    Another viewpoint:

    Ali (Dinar Trade) called me today regarding that video I emailed to him wherein I asked for his assistance in translating what was being said in Arabic. Here’s the main gist of what we talked about:

    • He sent the email to his contacts in Iraq.
    • The video is old (Ramadan timeframe) / outdated.
    • The video was a news reporter who interviewed various businessmen and shop keepers about how they would feel about the IQD IF it were to be re-denominated.
    • There were NO government officials who were interviewed. As such, the opinions expressed in that video were just that… opinions of those people.
    • The interpretations about that article were not represented properly.

    In a nutshell, the video didn’t really have anything significant to share. So, there you have it, straight from Ali of Dinar Trade to me. I hope this helps ease up the confusion.

    Go Understanding… Go Ali… Go Dinar!

    • Upvote 3

  22. WHO CARES ABOUT THE AVERAGE IRAQI

    in Iraq & Dinar Related News

    Posted

    The article below is quite moving and should be read by all. I can't imagine the pain the normal Iraqi citizen is going through let alone the greedy, insensitive, relentless, hell-bent Iraqi Gov't's. pursuit of injustice towards its own. God help Them!!!

    Editorial: Who cares about the average Iraqi?

    Posted: September 22, 2010 by Justhopin in Iraqi Dinar/Politics

    Tags: Iraq, middle east, Baghdad, Iraq War, Iraqi Kurdistan, Suicide attack, Improvised explosive device, Adhamiya, Sazan Mandalawi, www.kurdiu.org

    2088sazan.jpgSazan Mandalawi

    As a proofreader in a news agency in Iraq’s Kurdistan region Ifeel like a doctor, but the type of patients I indirectly meet every day areaverage Iraqis. Unlike a doctor I cannot cure their illnesses or prescribemedication but I have managed to identify the cause of their psychologicalillnesses.

    Today, such Iraqis leave home unsure if they will return totheir families that evening or not. Those who have jobs work long hours everyday for little pay. If they are lucky their children or nephews and nieces arenot yet kidnapped and if they are extremely lucky they haven’t had more thanone relative martyred in a suicide attack.

    Report after report comes in and I begin to feel the woes andthe pains of the Iraqi people. Their restlessness and how desperate they are tolive a day without hearing a bomb, without being at risk of kidnapping and tohave more than just a few hours of electricity every day.

    These patients have wounded hearts, they have anger managementproblems, they have lost loved ones and their scars are yet to heal. Recentlythe Iraqi interior ministry revealed that the country had its deadliest monthfor two years in July, with more than 1,500 casualties. A single suicide attackon an army recruitment centre in Baghdad last week killed 57 people and wounded123.

    Not a day passes behind my desk that I do not receive an articleabout a roadside bomb, a suicide attack or a killing. I retype the same wordsevery day: “unidentified gunmen” killing a certain number of civilians and then“escaping to an unknown location”. It is hard to believe the country isfloating on what the world refers to as black gold. The average Iraqi relies onfood rations and is desperate for car fuel – that is, if he still has a car. Asa young girl when thinking of my future and ways to reach my dreams, my eyes beginto sparkle with hope. The average Iraqi’s fills with tears as he or she tellsyou: “I just hope live tomorrow”.

    Recently it was revealed that narcotic drugs are being producedin certain areas such as the Dhi-Qar province. Radiation from war remnants hasbeen found as the cause of cancer among young children in particular. Missileswere found in a girls’ school in the Adhamiya area and numerous unidentifieddead bodies are found almost every day. I can only imagine Baghdad as beingflooded with corpses and wounded people.

    Politically, Iraq today is like a ship in the middle of theocean with tens of captains, each stirring in a different direction towardstheir own interest. As for the government, the electricity minister hasresigned and the factions are yet to agree and form a government – five monthsafter the election results. The reality is it is a fight over a seat – theprime minister’s post; as citizens are crying for power, food and security, thegovernment is busy searching for where its treasure lays. Reports state morethan a third of the new parliamentarians are supposedly on holiday. Even if thegovernment forms and with some miracle the requirements of the people are met,it will take an entire generation to heal the wounds of the average Iraqi. Thepsychological pains are greater than any physical wound. Every Iraqi needs apsychologist or a doctor. The tragedy is that few worthy doctors are left inthe country, as many were threatened and had no alternative but to escape infear of their lives.

    After knowing the pains of the Iraqis it is frustrating as dayafter day I proof the same sentence in tens of articles, after so and so met“no agreement was reached”. With a seat up for grabs that is worth more moneyand power than one can imagine, who cares about the average Iraqi?

    http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&u=http://www.kurdiu.org/en/wtard.php%3Fpageid%3D2961&prev=/search%3Fq%3Dnahrain%26hl%3Den%26client%3Dfirefox-a%26hs%3Dbh9%26rls%3Dorg.mozilla:en-US:official&rurl=translate.google.com&usg=ALkJrhh3lEaWBui5R_88Yt5zLH-o4ajhjw

    • Upvote 9
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