American

TERRY K has a many followers that call him with thier information so reading his post is like comparing the enquirer to your local news paper!

I have used them over 10 times and have never had a problem. Great service and very helpfull!

Tracy this is a great post and IMO you are right on the money. Based on what you have posted what do you feel the rate will be?

With the new found oil reserves and the national debit reduced by 80% with all of the new contracts that are in place it is my opinion that we will see the RV return to the rate of $3.22 that it was before the war maybe even higher. Only time will tell good luck to all!

Great post. Everyone has an opinion on this site and mine is it will be from $1 to $3.22 ! Now if it hits $1 per dinar after my taxes 1 million dinar should be around $600,000 in the bank. REMEMBER only buy what you can afford! I wish you well, good luck!

The smart card value has nothing to do with the rate and here is why! Here is a quote from the program.. “The Government’s current Poverty Reduction Strategy (PRS) 2010 – 2014 further envisages a reduction in beneficiaries receiving the PDS rations and a transfer of needy populations to other social safety nets over the course of a period of five years. The Council of Ministers has approved a plan presented by the Government’s High Committee for PDS Reform that contains the detailed actions to be taken to implement the PRS. This includes a phased five-year plan to reduce the number of PDS beneficiaries to cover only the poor population by 2015, and in parallel, an expansion and improvement in the services provided through social safety nets. The first phase of this five-year plan includes the elimination from the PDS of public sector employees with salaries higher than approximately US$1,250 per month, although application of this threshold will exclude only a small fraction of the wealthy from the PDS beneficiary list2.” As well, there seems to be some confusion as to where the 250 dinar (.21 cents) comes from…That is the amount that the program said they can feed per month per person. Here is a quote… “The PDS is the largest element of the country’s social protection system and the main source of food for poor people in Iraq. It was introduced by the Government on 1 September 1990 following Security Council Resolution 661, imposing economic sanctions on Iraq. The PDS ensured equitable distribution of foodstuffs to all Iraqi citizens, Arabs and foreigners residing in Iraq at a nominal fee of 250 Iraqi Dinars per individual per month ($0.21)1 and in the past proved to be effective, fair, reliable and comprehensive.” In conclusion there is nothing in this program that would be relevant as an Indicator of a pending RV. It is simple the implementation of there welfare program. Here is a link to the entire doc: http://one.wfp.org/operations/current_operations/project_docs/200104.pdf

This is just my opinion but this can be a major event for the Iraqi people when these cards have 250 dinar. That might not look like much but if they RI to the $3.22 like they were before this started that card would be loaded with a value of $805 per month. as opposed to the value of little over $1 per month, THAT IS VERY COOL!

I think we will see the RV happen then our GOV. will use dinar to rebuild economy. At least I hope that is how it will work.

I have watched Glen for years and if you watch him for a month you can see he is right most of the time. I love the guest he has on his show. He is doing his best to bring the truth out in the open. To change our country by living our lives with HOPE FAITH and CHARITY now that is something I can buy into!

Thanks for this great story! I have shared it with my friends hoping to touch their hearts as you have touched ours! Thanks, God bless you and your family.

I think it will come in at $3+ to match Kuwaiti Dinar! This is the best explanation that I have seen as how they can justify a $3+ RV. CONCEPT EXPLAINED: First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”. If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. How the CBI “RECAPTURES” the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.) Other Factors that Strengthen Iraq’s Position and Ability to RV: ■DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. ■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. ■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. ■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”. So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: ■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 ■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out. ■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 ■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors” ■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

I found this site last night that show a correlation between the disaster of 2012 and the DINAR. This is amazing! Is this the same phoenix that is posting to this site? http://asdf.blogspot.com/2010/06/june-6th-update.html

Stop the pay checks and it will stop this stand off!

Good Post! Hope it works.

I am not a Terry fan but come on what he is saying here is that the rate can come in lot higher than $3.22 let’s look at what he really said. [terryk] YOU SEE BACK ABOUT WELL LAST NOV. THEY COULD AFFORD A 3.22 RATE [terryk] WHICH IS IN THE BUDGET REPORT [terryk] AS OF THIS MONTH IT IS REPORTED THEY CAN AFFORD A 16.61 RV SO YOU SEE THE VALUE OF THE ECOM STRUCTURE HAS INCREASED [terryk] NOW WILL WE SEE THAT NO FRICKIN WAY BUT [terryk] IT CAN COME OUT A LOT HIGHER THAT 3.22 [terryk] THAT'S WHY WE WAIT IT IS MY GUT FEELING [terryk] THE LONGER THEY HOLD OUT I hope he is right! But like the rest of you I would like to see the report!