jphillips

and the 23rd, and the 24th, and the 25th, and the 26th......etcetera.......etcetera

I decided a long time ago to stay off the roller coaster, but it sure is fun watching the others ride.

Great post smee. While garroting, drowning or beheading might be extreme, my personal opinion is that we would reduce crime and decrease justice system overload if we took less time getting to trial and made the punishment equitable with the crime. Perhaps we could be drastic and start by taking away cable tv.

A lop does not make the currency stronger...thanks for the post viz.

Please verify me. Thx.

Yep. It's a repeat. I think Clint put it out and had to change usernames because of all the grief he got, but I think the new username at the time was tryinmybest as well. Clint, is that you putting out repeats?

I think more importantly it is a break in the pattern. If this is not a glitch, then it is the first time that it has broken the top since at least last Oct. http://www.forex.tradingcharts.com/chart/US%20Dollar_Iraqi%20Dinar.html

05-May 1,215 1,170 14,933 4,883 - Cash portion 10,050 Doc, et al. Would love to get your 'opinion' of the auction events over the course of the last 2 weeks. Amounts have diminished but is that a true indicator of the 'sterilization' that all of the posts are bringing up? Is this a control of supply or a result of demand?

Nice try! You can go to the official CBI website and view the currency there including the 250 IQD note. Plus they already have 25 and 100 denom coins. No idea if they are minted but they are not in circulation according to the website. Really, what is the point of these erroneous posts? http://www.cbi.iq

Don't lump me in with this. You took my logo, posted something that didn't change and then insult people. You sure you are a Longhorn?

Marcus. Thank you for taking the time to write a very clear and concise analysis of the current situation. Even though it is speculation, I find value in what has been a concern of mine since the beginning of this roller coaster ride, the monetization of a full value RV and the concern of how it would be funded. Your views regarding a managed ride up in value make sense and address this issue that has been nagging me. I always questioned the ability to pull off a one-time event and it is good to have some validation. I think the only item that was not addressed in your post is that of value vs. speculation. The argument against managed float up is that an RV that is too low in value will proportionately attract speculators and work to destabilize the currency. I actually see the opposite and think the more speculation the better as it distributes the IQD and brings it closer to being a world-traded currency. Additionally, I think CBI has been working fervently to manage speculation through monetary supply controls. Your post was very insightful.

Really?

I think there are two different factors at play here and they can't both be lumped together. First of all, thanks for the post and the article. I think to close your eyes to opposing views or to bash based on difference of opinion is petty and detrimental to your financial health. You have to look at all sides. That said, Jagerson is arguing two different points under one umbrella. His first point is that there are scammers out there and that the Internet makes it easy to proliferate cons on the public - the IQD being one of them. There is no doubt, as you said in your response that the traders and gurus are out there to pump up the volume and they are using scammy tactics to do so. How many times have we heard "RV tomorrow"? I think that is the scam part and I think he is 100% right. There are people who have invested based on the hype and that is wrong. Now let's look at the other point he is making in his singular argument - that there is no value in the IQD investment. Herein lies the speculation, but I think he left a few things out. Things that have relevance to the argument such as the financial backing of the US, the asset base of the country that is comparable to no other (except perhaps Kuwait where they did RV), the fact that the restructure is founded in post-war environment accelerating the process and the world dependency on the country's primary asset. Those are just a few things that make this opportunity unique. One other comment that I would like to address. Jagerson said (paraphrasing) that anything that seems too good to be true probably is. I agree with that statement and have always had skepticism regarding an overnight revaluation that would make me an instant millionaire. Well if that happens, it will be a plus. A lot of us could use a shot in the arm. Discounting the probability of that scenario however, I have to look at the most realistic outcome which in my head involves an accelerated valuation increase as the country opens its doors to commerce and as the asset base is expanded due to the amount of underlying value that will drive the economy. In other words, if the value doesn't go up overnight, it will go up over time. Finally, presuming the value goes up in time or even if it stays relatively stable to where it is currently, I have only lost a little. The definition of a true scam is where I lose my entire investment which I do not see happening. So if you want to sell me your dinar for what you paid for them, let me know. Thanks for the post.

Well said my friend. Well said...

So he reads the article posted in the rumors section by, we will just call him Mr. Newbie, a reliable source with more than 1 post. The reader becomes depressed and thinks to himself, "I can't take this anymore. Why won't these people just go away?" He slowly picks up the pistol and holds it to his head. He truly can't take it anymore. He closes his eyes and he is about to pull the trigger. Suddenly, his eyes pop open and he thinks to himself, "What in the heck am I doing? It isn't worth killing myself over these silly rumors. After all, they are posted in the correct forum. Life is way too short and sweet." Understanding now what he had to do, he slowly takes the gun from his own head and points it at the purveyor of false and inaccurate information and pulls the trigger. Feeling a great burden lifted from his shoulders, the reader saves the day. The forum is temporarily safe once again (for at least 30 seconds or so).

I think Professor Plum killed Possum in the Kitchen with a Candlestick....

This is a great thread! Wadaba - the insights you provided were thought provoking and intriguing. I for one would love to go a little deeper into the conversation. Vern - Your testimony and courage are inspiring to me. As for our troops - John 15:13 "Greater love has no one than this, that he lay down his life for his friends." God bless all of you and thank you for what you do for me and my family every day. For the rest of us as we face the world, we do it together day by day...and yes, there is a purpose, a greater calling than we understand. Romans 8:28 "And we know that God causes everything to work together for the good of those who love God and are called according to his purpose for them." And a reminder to be strong and unwavering in our faith... Romans 8:31 "If God is for us, who can ever be against us?" Thank you one and all for making this a better day for me. Hopefully I can someday return the favor.

Ditto on the thanks. Didn't sound pissy to me... Appreciated as always.

Okay, let's do this thing. First of all, I will clarify what I was saying to Vern in my response. His original post was that we need to push this legislation to exploit paperwork discrepancies in an effort to keep our homes. Let me also address that he said in his post that "The above underlined description of this foreclosure bill recently dropped by stealth in the Washington State legislature is an Orwellian lie; it exists to protect the banks of the New World Order-controlled Federal Reserve System, which our treasonous legislature has shown repeatedly that it serves." This is a little 'conspiracy theory' for me. My point was that, forget the discrepancies, the banks will foreclose if the payments are not made. Now let's back up a little bit and paint the picture. I reread my response and it does a pretty good job of portraying me as a callous individual. Couldn't be farther from the truth. I truly feel for the families out there that are put through the trauma of the foreclosure process and feel that EVERYTHING the government is doing to address the crisis is a disservice to the American public. Not sure who remembers the RTC which was the clearing house for foreclosures back in the 80's. We had a true opportunity to assist homeowners by converting Fannie and Freddie (who were already government owned) into the same type entity that would bear the burden of toxic assets and homeowners who had fallen behind. We could have had all of the loans that went bad in one spot and then done something to help individuals. But did we do that? No. The government, in their infinite wisdom, chose to bail out AIG and Government Motors and to seize banks rather than work with them to reach resolution. Thank God GM is profitable now. That helps us out a lot. The government chose to implement useless programs such as HAMP and HAFA which do nothing to help the homeowner. Modifications? HA! The thing that really needs to happen is that principal balance gets reset on the loan that you have. That is what would lower the payment and provide you with an exit strategy if you are having difficulty making ends meet. Think that will happen? NO! The best a modification will do is temporarily lower the interest rate and payment while tacking fees onto the back end of the loan. So don't get me wrong. I am extremely compassionate when it comes to families going through crisis. I deal with them everyday and it makes me sad to see so many people so ravaged by what is supposed to be the American dream. I see children uprooted and displaced. I see divorce and levels of stress that no family should endure. And who is paying the price? All of us because we are not done yet. You see, I am a Real Estate broker in Southern California and I work with all the banks - Fannie, Freddie, B of A and many of the larger institutions. You may not realize that their hands are tied on both sides of the fence, both from the investor or MI company and from government regulation. They can't reduce the principal balance on your loan and they are dragging out your modification with little intent of giving you any real break even if they approve it. You see, they don't have to realize the loss on your loan until your modification is denied. That is why some of these are taking 2 years and the foreclosure process doesn't stop. I have seen people in the middle of a modification be foreclosed upon so be careful and read the fine print. My heart goes out to you and if there were something I could personally do, then you would be welcome at my doorstep. I pray for RV as it will help so many families out there and I truly feel a lot of good will come from it. To reiterate, jimmying the system (forestalling the process) through errors in paperwork that will only slow the inevitable. This is not the right approach. A homeowner assistance program that addresses principal discrepancy and payment is the right approach. As we halt the wheels of the market, the market begins to stop functioning. This is what is really happening right now. That is a far worse choice for America as a whole. IMHO.

Really? Mods? Hint: Make your house payments and you won't be foreclosed on. Don't make your payments and you will probably lose your home to the bank because you don't get to keep it for free. If there is a paperwork issue, they will correct it and then foreclose. Anyway, this is a dinar forum.

Cross between Checkers and Chess is my guess. And a US shutdown may not have a direct impact on operations but let's see what it does to credit ratings and interest rates given our debt load.

Are we there yet? Yet? Are we there? How much longer until we get there? I have to pee. Can we pleeeeeeeease pull over and RV? Thanks for being brave enough to post, Bruce and thanks for the watchful eye Bump!

Everyone knows that stands for - Laugh A** My Off Or it could be - Learn About My Organs Possibly - Let's All Make Out Could be - Lame Apples Make Ostriches All I got...

That is too funny. I can't help but wonder if Jack has some issues or disease going on like FIM (foot-in-mouth) or IDKA (I don't know anything). Just wonderin' Doc I think your posts are great and I for one am grateful for the time and effort you put into these posts and associated analysis. I too look for your post as one of my first reads in the morning. Thanks.

Sell you one of my clicks - 25,000 IQD today only! Normal price for click replacement is 50,000 IQD.