tjmunson

Maybe we should offer to pay off our national debt in pennies. The countries we owe won't want to sit around and count 14 trillion dollars in pennies and maybe they will simply forgive our debt!!! Man I should run for President.

HOLY EGO BATMAN!!!!!!

I didn't hear anyone saying it is about us? It is very much about my bank account. What I mean by that is that I can not begin to help others until the balance in my bank account shows a post RV amount. Peace

No, obviously you do.

Unfortunately, the translations are so loose that any given paragraph can be twisted 5 different ways to supposedly mean 5 different things. Gee, I wonder why the word "propaganda" slipped out of Shabbs' mouth when he spoke at the UN? We just have to sit and wait. This play was written a long time ago and the authors are in complete control. Peace

Keep reading Tug. You'll get to the golden truth. One of us will be wrong and I agree that I hope you are. Not sure why you need an apology to feel better but if it gets you through the day let me say right now that I offer my deepest heartfelt apology for not agreeing with you. I hope when you are a millionaire you use some of the money to buy a thicker skin. Peace

Man I hope you're right. After reading your post I quit my job, sold my car and bought more dinar. Thanks for the heads up.

Sounds to me like an in country lop. Remember theat the IQD is not an internationally recognized currency. As such they can do whatever the heck they want in country before they hit the big stage. That way they can release the lower denoms and collect all the 000's in Iraq before they go international with the currency and open the flood gates. This could be a very good thing for us. IMO. Fingers crossed! Peace

I can't remember.........what did the Kuwaiti Government say the day before they RV'd????? Oh yeah......."There will be no RV of the Kuwaiti dinar". Please folks, don't believe ANYTHING coming out of Iraq right now. Bad are good news are both supect. Take everything with a grain of salt. Peace

Debunk these and if you do I'll send you ten more. Keep....being devils advocate is a job better left for the devil. You know I respect you bro, but stop being so negative and short sided. You have plenty of time in your life to live that way. Right now grasp the bull by the horns and believe in the unbelievable. The facts speak for themselves. YES, ANYTHING is possible so how about we shoot for the stars instead of the moon!!! With that said, let’s examine the LOP theory so you all understand it. At certain times in history, countries have chosen to “lop” the last 3 zeros off of their currency, which basically makes a 25,000 note worth 25. Fairly simple. The question we need to ask is this: Why do countries lop? One reason is hyperinflation. Sometimes a country prints currency so fast and furious that the economy can’t keep up, and the value of the currency goes down, down, down. Take the Zimbabwe currency, for example. A “Zimbabwean Millionaire” doesn’t really have too much to brag about. Here’s a picture. Actually, this guy may be a Zimbabwe Zillionaire, depending on the size of the notes! That is Zimbabwe, though. Not Iraq. Iraq does not have the inflation problem, Iraq is not a country with no way of obtaining wealth to increase the value of it’s currency like Zimbabwe. Iraq doesn’t even need to invent a gadget to make money, like China could do… Their pockets are already lined with Black Gold. I have said many times that Iraq’s currency is possibly THE most stable currency in the entire world, and aswat al iraq recently concurred with that statement: BAGHDAD / Aswat al-Iraq: The exchange rates of the Iraqi Dinar (ID) against the U.S. Dollar is currently constant and stable, an adviser of the Central Bank of Iraq (CBI) said on Thursday. “Currency policies are normally unstable in an absolute way,” Modhihar Mohammed Selah told Aswat al-Iraq news agency. He said that the CBI intervenes to respond to legal demands of customers regarding the U.S. Dollar. Currency policies are inherently unstable, but the Iraqi Dinar is stable. I will close on that note for now. If you’re not on the newsletter, sign up – I have some announcements coming this week that you don’t want to miss. Why "slow grow" and "lop" are not options for Iraq This is an article that was written by an Iraqi Dinar investor and posted online. I asked if he would consent to me distributing it and he was glad to have me do so. This is one man's opinion of course but one that is well articulated. He brings up some interesting points. I did ask him where he derived his information from. He said he was restricted from talking about it but said it would suffice to say that he had a "front row seat to the entire affair." FWIW Why "slow grow" and "lop" are not options for Iraq -------------------------------------------------------------------------------- There are those who continue to feel as though the 'slow grow' and/or 'lop' options are still very much a possibility for the CBI to consider for the Iraqi Dinar. Here are some reasons why neither of these options will work or will not be done: *Iraq is awash with oil, and we learned a long time ago from Jed Clampett that those who are awash with oil are soon to be awash with money. As soon as the oil begins to flow in large quantities, there will be no need of a lop. *A lop will only hurt Iraq, not help it. The US, Britain, Australia, Russia, China, all the Middle Eastern countries, Japan, etc. all hold vast amounts of the NID. All of these countries have either invested heavily in bringing Iraq to the point they are now, or are huge creditors to Iraq. A lop would be a hard slap in the face of each of these nations. If that were to happen, each nation would either slap Iraq with bills for the money and time they have invested in Iraq or they would revoke their agreement to forgive Iraq its massive dept still owed from the Sadam era. I believe it is safe to say, the reason these countries are willing to forgive Iraq and/or help Iraq at this point is because they hold much Dinar and they know very well it will be worth much in the near future. * A lop would mean a reprint of currency. At a time when the GOI is struggling to make its currency a fully convertible and respected currency around the world, a lop and subsequent reprint and redistribution of a new currency would instantly destroy any progress made in that direction, and would assure that the currency of Iraq, (who, don't forget, is soon to be a world player in the planet's most valuable commodity, OIL!) would be worthless and unstable. * The citizens of Iraq have been told to get and hold Dinar because it is going to be worth much soon. If you think there is unrest in the country now, wait to see what will happen if the government cuts the expected values of the citizens money by 1000% * The GOI will not lop because Turkey did. They will want to have the ability to say to their hated neighbors.. Our currency is stronger than yours has ever been, We RVed, ha! ha!... you lopped! Now, what about slow grow. *Here is a country filled with people who have never had a pee pot they could call their own. Every dime of wealth has been stolen from them for decades and the majority of them live in squalor. The people of Iraq are not stupid and they understand now that since Saddam is gone, the country's natural resources, or the fruits thereof now belong to them. There is simply no way the average Iraqi Joe is going to sit back and wait one minute longer than he knows he has to for things to change. Right now, things are looking much better to the people of Iraq. Soon, they will expect and demand action to change their lives. Slow grow will not do that, the Dinar has to undergo a quick transformation and end up being 'on par' with the US dollar, the currency iraqis have been using for the last five years. * There will be new elections coming up in Iraq. If this current administration does not significantly increase the living standards of the Iraqis, they are going to be out of work very soon. I look for a reval of the Dinar at least a half year before elections, which, I think, are next November.. Someone may have more info on this. *If "slow grow" is the method the Iraqis are endeared to, why has the rate virtually stopped growing the past two months. If we have slow grow, then we should see weekly changes in the exchange rate, not bi monthly changes. *Iraqis are a proud people. They are so because their Pride and individual self worth are the only things they could legitimately call their own for most of their adult lives. There is no way the CBI will not RV in one fail swoop, because that is what Kuwait did, and they are never going to give Kuwait, a nation that most Iraqis loathe, the bragging rights that they were able to issue an instantaneous RV while Iraq could only manage "slow grow." All, From the moment I’ve been in this investment even until now, the debate of LOP versus RV has been raging. That very argument is what drove me and thousands of others AWAY from Investors Iraq (IIF), as it appeared it was absolutely overrun by those who felt it was their mission to squash the hopes and dreams of other investors. I am sharing this with the permission of those who have helped bring me this concept to light, from several legitimate economists and very sharp minds, their perspective to help each of you understand this dilemma. I don’t know about you, but I’ve been told time and again by those who are absolutely in a position to know that this will NOT be a LOP, but will be a straight-up RV, yet I found myself not being able to refute the arguments of those who brought only “part of the truth†forward, using the “numbers†to their advantage through logical focus on that which was clearly understood. This post of mine is dedicated to explaining how an RV will happen. 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 accountâ€. 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 Goldâ€. 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 accountâ€, 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! With that said, let’s examine the LOP theory so you all understand it. At certain times in history, countries have chosen to “lop” the last 3 zeros off of their currency, which basically makes a 25,000 note worth 25. Fairly simple. The question we need to ask is this: Why do countries lop? One reason is hyperinflation. Sometimes a country prints currency so fast and furious that the economy can’t keep up, and the value of the currency goes down, down, down. Take the Zimbabwe currency, for example. A “Zimbabwean Millionaire” doesn’t really have too much to brag about. Here’s a picture. Actually, this guy may be a Zimbabwe Zillionaire, depending on the size of the notes! That is Zimbabwe, though. Not Iraq. Iraq does not have the inflation problem, Iraq is not a country with no way of obtaining wealth to increase the value of it’s currency like Zimbabwe. Iraq doesn’t even need to invent a gadget to make money, like China could do… Their pockets are already lined with Black Gold. I have said many times that Iraq’s currency is possibly THE most stable currency in the entire world, and aswat al iraq recently concurred with that statement: BAGHDAD / Aswat al-Iraq: The exchange rates of the Iraqi Dinar (ID) against the U.S. Dollar is currently constant and stable, an adviser of the Central Bank of Iraq (CBI) said on Thursday. “Currency policies are normally unstable in an absolute way,” Modhihar Mohammed Selah told Aswat al-Iraq news agency. He said that the CBI intervenes to respond to legal demands of customers regarding the U.S. Dollar. Currency policies are inherently unstable, but the Iraqi Dinar is stable. I will close on that note for now. If you’re not on the newsletter, sign up – I have some announcements coming this week that you don’t want to miss. Why "slow grow" and "lop" are not options for Iraq This is an article that was written by an Iraqi Dinar investor and posted online. I asked if he would consent to me distributing it and he was glad to have me do so. This is one man's opinion of course but one that is well articulated. He brings up some interesting points. I did ask him where he derived his information from. He said he was restricted from talking about it but said it would suffice to say that he had a "front row seat to the entire affair." FWIW Why "slow grow" and "lop" are not options for Iraq -------------------------------------------------------------------------------- There are those who continue to feel as though the 'slow grow' and/or 'lop' options are still very much a possibility for the CBI to consider for the Iraqi Dinar. Here are some reasons why neither of these options will work or will not be done: *Iraq is awash with oil, and we learned a long time ago from Jed Clampett that those who are awash with oil are soon to be awash with money. As soon as the oil begins to flow in large quantities, there will be no need of a lop. *A lop will only hurt Iraq, not help it. The US, Britain, Australia, Russia, China, all the Middle Eastern countries, Japan, etc. all hold vast amounts of the NID. All of these countries have either invested heavily in bringing Iraq to the point they are now, or are huge creditors to Iraq. A lop would be a hard slap in the face of each of these nations. If that were to happen, each nation would either slap Iraq with bills for the money and time they have invested in Iraq or they would revoke their agreement to forgive Iraq its massive dept still owed from the Sadam era. I believe it is safe to say, the reason these countries are willing to forgive Iraq and/or help Iraq at this point is because they hold much Dinar and they know very well it will be worth much in the near future. * A lop would mean a reprint of currency. At a time when the GOI is struggling to make its currency a fully convertible and respected currency around the world, a lop and subsequent reprint and redistribution of a new currency would instantly destroy any progress made in that direction, and would assure that the currency of Iraq, (who, don't forget, is soon to be a world player in the planet's most valuable commodity, OIL!) would be worthless and unstable. * The citizens of Iraq have been told to get and hold Dinar because it is going to be worth much soon. If you think there is unrest in the country now, wait to see what will happen if the government cuts the expected values of the citizens money by 1000% * The GOI will not lop because Turkey did. They will want to have the ability to say to their hated neighbors.. Our currency is stronger than yours has ever been, We RVed, ha! ha!... you lopped! Now, what about slow grow. *Here is a country filled with people who have never had a pee pot they could call their own. Every dime of wealth has been stolen from them for decades and the majority of them live in squalor. The people of Iraq are not stupid and they understand now that since Saddam is gone, the country's natural resources, or the fruits thereof now belong to them. There is simply no way the average Iraqi Joe is going to sit back and wait one minute longer than he knows he has to for things to change. Right now, things are looking much better to the people of Iraq. Soon, they will expect and demand action to change their lives. Slow grow will not do that, the Dinar has to undergo a quick transformation and end up being 'on par' with the US dollar, the currency iraqis have been using for the last five years. * There will be new elections coming up in Iraq. If this current administration does not significantly increase the living standards of the Iraqis, they are going to be out of work very soon. I look for a reval of the Dinar at least a half year before elections, which, I think, are next November.. Someone may have more info on this. *If "slow grow" is the method the Iraqis are endeared to, why has the rate virtually stopped growing the past two months. If we have slow grow, then we should see weekly changes in the exchange rate, not bi monthly changes. *Iraqis are a proud people. They are so because their Pride and individual self worth are the only things they could legitimately call their own for most of their adult lives. There is no way the CBI will not RV in one fail swoop, because that is what Kuwait did, and they are never going to give Kuwait, a nation that most Iraqis loathe, the bragging rights that they were able to issue an instantaneous RV while Iraq could only manage "slow grow." All, From the moment I’ve been in this investment even until now, the debate of LOP versus RV has been raging. That very argument is what drove me and thousands of others AWAY from Investors Iraq (IIF), as it appeared it was absolutely overrun by those who felt it was their mission to squash the hopes and dreams of other investors. I am sharing this with the permission of those who have helped bring me this concept to light, from several legitimate economists and very sharp minds, their perspective to help each of you understand this dilemma. I don’t know about you, but I’ve been told time and again by those who are absolutely in a position to know that this will NOT be a LOP, but will be a straight-up RV, yet I found myself not being able to refute the arguments of those who brought only “part of the truth†forward, using the “numbers†to their advantage through logical focus on that which was clearly understood. This post of mine is dedicated to explaining how an RV will happen. 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 accountâ€. 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 Goldâ€. 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 accountâ€, 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!

Great point and does indeed leave the fiels of possibilities wide open. It's all speculation, I suppose, until it actually happens. Man I hope it's soon. Thanks very much for the post. Peace

Drox. everytime I read one of your posts, it opens a new door in my brain. Love the info and shared thoughts on this thread. That is what it is truly all about. So much propaganda and, as you said, gossip being thrown about right now it makes ones head spin. Been thinking alot lately about the Kuwaiti RV and how the government stated openly the day before the RV that, "THERE WILL BE NO RV OF THE KUWAITI DINAR". Yup, my heads spinning alright! Peace to you my friend!

wasn't this posted several days ago? IMO we will not see a RV by June 30th. However I believe we will see the release of the 100k note. This will be a very good sign of things to come. Read Plan B by Drox and you'll get the big picture. 100k note will mean longer wait but more money for us in the end. Hang in there all. Peace

Wes stop getting people riled up. Bottom line is you are incorrect. I respect your position however I also wholeheartedly disagree with it. The LOP theory is rediculous and was put to rest months ago. I don't understand why people such as yourself are so intent on feeding the fire in regards to this urban legend. if in your heart you believe in the LOP theory then why in the world are you here? That makes no sense. I suppose like every other walk of life we always need someone to play devils advocate and stir the pot. I will not go into reasons why because they have been discussed to death and since you are new to this site you probably are not even aware of the proof backing up the fact that there will be no LOP. End of story. Peace

I'm currently the high bidder at $8,889. Jokes on you guys cause I'm gonna win the auction!!!

Well written Drox. I agree 100%.

Great sign. They continue to round up the bad guys. Thanks for the post K98! Peace

hi

YELLOW CAR!!!

Do you think if each one of us chipped in 1000 dinar and offered it to Shabbs he would come do a talk show with Phoenix and give full discloseure as to what these silly news articles mean since the translator on Google has me more confused than a Cubs fan at a world series game? Peace

My comment in regards to "political suicide" is in regards to a new currency coming out that would replace the current currency and make it worthless. For Iraq to do such would be political suicide since all the countries that have helped liberate Iraq hold trillions of dinar and are waiting, as we are for the currency to be worth a lot of money. If those countries are scorned in any way by Iraq creating a new currency, they would lose the support of every major country in the world. Thus a political suicide. That's the way I look at it. Sometimes I take for granted that everyone is on the same page as me. then I realize I'm reading a different book. LOL Peace

I guess we all sit tight and pray. The serenity prayer seems appropriate. This is out of our hands. Take care bro!

Understood. Thanks for the clarification. Let's keep hoping. Peace

Drox, I appreciate your conservative stance on this. You are a clear thinker and a man who looks at the facts. I do also, however, diaagree with your assessment of the current situation. If you read some of the news coming out of Iraq, I clearly believe the CBI is about to introduce a 100.000 dinar note (a note equal to US $100) which is what the articles are stating. Everyone is assuming lower denoms but I am not so sure. Re-read the article and assume the introduction of a 100,000 dinar note, and it all make sense. We will see a huge windfall from this investment. Perhaps just not as soon as some think. Peace to you my friend.

there were 855 results for "New Iraqi Dinar" yesterday and 910 today, as of the time of this post. So I'm not sure what you are talking about.