The Eagle

I'm confused. When I hear of a LOP it is always related to the triple-zero denominations (1K, 5K, 10K and 25K). I get the impression that the reason the lower denoms haven't been released is to allow the LOP of the big bills first. However, the lower denoms have been released and in circulation. What happens to the 50 Dinar note or the 500 Dinar note upon a LOP? LOP only makes sense to me if the ONLY bills in circulation are triple-zero notes. But with the lower denoms also available a LOP will make them valueless (a 100 Dinar note after LOP/RV to $3.22 would be worth a whole 32 cents! Even with a LOP/RV at $6 the IQD would still be worth only 60 cents. Being a believer in Occam's Razor I believe the simplest and most direct solution is (most likely) the correct solution - NO LOP, RV at 5 cents. The only way I see to make the IQD equal the KUD in value would be through a simultaneous LOP and RV to $3.60 (raising the pre-LOP exchange rate to $0.0036 per Dinar (about a 350% increase in value). Any way I look at it a LOP doesn't make sense now or in the near future. A straight RV is the likely solution. A straight RV to 5-35 cents makes more sense. We'll just have to wait and see - not long now....

EXACTLY. That would be a net-zero gain with lots of headaches. Any LOP has to be part of a simultaneous RV or RI. What happens to the 50 Dinar notes? with a LOP they're worth a whole 4.25 cents. Not likely IMO. The Eagle

In the simplest terms a LOP is bad news for everybody - Iraq, Uncle Sam and you. With a maximum new value of $6 after a LOP the Iraqi Dinar will have increased in value from 86 cents to $6. That's an increase of 700%, far less that Iraq needs and the US expects. For that reason alone a LOP does not make sense. On the safe side, any RV rate under 85 cents is a guarantee of no LOP. In fact, any rate under $2 is very unlikely to be the result of a LOP. Iraq is counting on "restoring" the previous value of the Dinar on one hand (RI to $3.22) and on the other needs to increase the value of the Dinar a thousand times or more just to be competitive in the ME currency pool. I would be amazed if there was a LOP and equally amazed if the rate is greater than $2.50. JMO.

If a 50 Dinar note does turn out to be the lowest printed denomination then we can get a good idea on the rate at RV - assuming that an RV is occurring. Assuming that coins make up "denominations" below 50 Dinars then one has to ask "what is 50 Dinars worth at the current rate?" The answer is 4.25 cents in US Dollars. If 50 Dinars is worth less than a nickel then coins would be worth less (worthless) than their minted cost. In fact, the 50 Dinar note, worth 4.25 cents, cost over 5.5 cents to print! So, what does the CBI have in mind regarding rate? Lets assume that a 50 Dinar note was worth about $5 USD and coins would make up the "small change". That would indicate an RV rate of 10 cents per Dinar. IMO this is the real range (10 cents to 50 cents) that we should expect to see as an absolute minimum at RV. I'd be ecstatic with $3++. I'd be happy with a quarter.

With the ATM machines stuffed with 5,10, 25, 50, 100 and 500 Dinar bills how much would they be worth if the IQD lopped? A 100 Dinar note would be worth a dime. What would a 25 Dinar note buy being worth only 2.5 cents? Nothing. A LOP does not seem likely. More likely is a RV at 35 cents (3 Dinars to the Dollar). Currency is like a bond and rarely has an expiration date.

For what it's worth, here's my suggestion. Sure, the Dinar will grow over time after the RV but Silver will grow much faster. If the RV occurs real soon I suggest you put almost all of the cash in silver (Monex, etc) and have it stored ($1m in silver weighs 25,000 ounces - about 3/4 ton). Monex etal will store it for a small monthly fee and sell it on demand. When your taxes are due sell off some of the silver to pay Uncle Sam. DO NOT pay your taxes earlier than necessary. Make money on it while you are waiting for April, 2012.

Since December I've posted my convcern about a relatively high value Dinar. Don't get me wrong - I want to see it as high as possible. However, as I posted last week, the higher the RATE the more likely there will be a LOP in the equation. THen I started thinking about the two scenarios - LOP or NO LOP, and who stood to make money. Clearly, a LOP is the last thing we want to see regardless of RATE. Here's a snapshot of the numbers - where the money goes (oops -spreadsheet alignment problem) LOP & RV @ $3.22 Dinar Value $0.00085 Purchase Price/M $1,220 DINARS IN YOUR POSSESSION 100,000 500,000 1,000,000 5,000,000 10,000,000 50,000,000 You Paid $122 $610 $1,220 $6,100 $12,200 $61,000 New Post-RV Value $322 $1,610 $3,220 $16,100 $32,200 $161,000 Dealers Commission $85 $425 $850 $4,250 $8,500 $42,500 (less) Trade In @$150/M $150 $150 $150 $750 $1,500 $7,500 Dealers Profit $235 $575 $1,000 $5,000 $10,000 $50,000 Your Profit $50 $850 $1,850 $9,250 $18,500 $92,500 NO LOP & RV @ $0.32 Dinar Value $0.00085 Purchase Price/M $1,220 DINARS IN YOUR POSSESSION 100,000 500,000 1,000,000 5,000,000 10,000,000 50,000,000 You Paid $122 $610 $1,220 $6,100 $12,200 $61,000 New Post-RV Value $32,000 $160,000 $320,000 $1,600,000 $3,200,000 $16,000,000 Dealers Commission $85 $425 $850 $4,250 $8,500 $42,500 (less) Trade In @$150/M $150 $150 $150 $750 $1,500 $7,500 Dealers Profit $235 $575 $1,000 $5,000 $10,000 $50,000 Your Profit $31,728 $159,240 $318,630 $1,593,150 $3,186,300 $15,931,500 We realize a GAIN only if there is an RV. Otherwise we face a 20% loss in our investment by selling Dinars back to the Dealers. The dealers realize a profit regardless of RV rate. They realize a gain when you buy Dinars for $200-$350 per million over their actual cost, and they realize a gain in the form of a fee at cash in. If we are talking LOP the only money being made is with the Dealers, especially if you own less than 5 million Dinars which very few do. If I was hearing rates of 30 cents or even $1 I'd feel confident of great gains because these rates rule out a LOP. When I hear rates of $3 and even $6 I know darn well that this is way over the top and most certainly is all smoke - it's the post-LOP/RV rate, not the actual rate for our Dinars. Personally, all indications are the $3 and $6 numbers are smoke and the real RATE will be in line with other ME nations at 35 cents - there abouts. Just being real..... GO (low) RV

October actually.... I hope your interpretation is correct. However, Google Translate and other translation programs point to various meanings for "removing the three zero" Dinars from circulation. I had my Iranian neighbor read it and he too was confused. He thinks this is ME-speak which hides the real meaning in the verbiage. On one hand the CBI claims to have removed most triple zero bills from circulation which could make a high rate possible. Who knows? I'm betting on a 35-85 cent RATE.

Tonight I read on another Forum that the RV will be announced imminently at $5.27! As good as this sounds this number concerns me. For the last week I've been pondering what the RATE could be upon RV. $5.27 scares me. Following M's word that he will add "significant value" to the Dinar, coupled with the constant rumors of an imminent RV, and the background runblings of a LOP, I've predicted a low, non-LOP RV RATE. Here's my thinking: Any RATE under 85 cents is a guarantee of NO LOP - the IQD will certainly not go down in value. If the RATE starts to exceed $1.50 (trusting that M will increase value) we are in LOP Country where this is very possible. At $5.27 Iraq will likely LOP and RV at the same time increasing the value of the Dinar six times. At 85 cents, the value is increased 1,000 times. Not too bad. Didn't Kuwait LOP and RV at the same time? Either way, we've been Blessed to be part of this exciting venture. It's probably been the best days of many of our lives - living in hope. That's Blessing enough. Still, $1 would be wonderful but $5 could be frightful. I'm hoping for $1.49 personally.

The answer can be reduced to two possibilities. If the RATE is 85 cents or less that guarantees that THERE IS NO LOP. But if the RATE is in the stratosphere ($2-5+) that almost guarantees a LOP. Who would ever assume that a $1 investment could produce $3,000 - $5,000 overnight? - maybe the lottery or a slot machine. But turning a buck into $100 is quite possible, provided there is NO LOP. So, ask yourself "which is more likely to occur?" Achams Razor postulates that "the correct answer is almost always the most obvious".m Go figure.

Thanks everyone for your generous comments to my post. Recently I read that the 15,000 Dinars could be compensation for the entire 2010 year plus the first three months of 2011. Wow! If that turns out to be the case then my prediction of 30 cent prediction is way off. Indeed if the 15,000 dinars is compensation for 15 months, and the level of compensation REMAINS AT $1,500 USD per month, that would mean the 15,000 Dinars would be valued at $1.50 per Dinar. The whole RATE hangs on these ratios and the viability of my assumption. 30 cents to $1.50 is probably the "conservative" range.

I've been puzzled at the presence of the 25,000 Dinar notes and 50 Dinar notes in circulation at the same time. I asked myself "what is the real value of a 50 Dinar note to the average Iraqi?" The answer is nothing! If a 25K note is worth only $21.25, what can you buy for 4 cents? Absolutely nothing. Recently we all read that each qualifying Iraqi citizen (about 6 million of them) will receive 15,000 IQD on their Smart Cards soon (last week actually - if you believe the false posts). In fact, this must and will happen soon. But what is 15,000 (actually 5,000 per month) worth to the Iraqi citizen? A whopping $12.75 - that's $4.25 per month. Without a RV the "food stamp" Smart Card program does not make sense. If the machines are being loaded with "low denominations" it makes sense that this will be or become the common denominations Iraq plans for its internal commerce. Stepping back from all the BS we are all reading I could only see one viable outcome. There MUST be an RV and soon. What about RATE? The number that makes sense to me is based on the VALUE of the government gift of 5,000 Dinars each month to their citizenry. Making a wild guess at the maximum value of their 5,000 Dinars compared to someone in the US on food stamps and financial subsistence, I think the number is about $1,500 per month. That works out to an RV of 30 cents to the Dinar, a 350 X increase in the current value - pretty darn good from any investors view point. The good part of this outcome is there will certainly be rapid growth in the value of the Dinar through a constant revaluation against the dollar. As the triple denominations are are collected and retired, leaving only the lower denomination currency in play (just like what happened in the US) the value is likely to increase to the level of the Kuwaiti Dinar - likely higher. Remember, Iraq is sitting on 1/4 of the worlds future oil. My last conclusion is WHEN this will happen. Frankly, it's likely to happen when we least expect it. All indications point to SOON. But, this is Iraq and no one can predict M and company. GO RV

Here it is - as RV'd in December. The RATE will be $0.36 dollars (or euros). Here's my logic. If each qualifying Iraqi is receiving 15,000 Dinars in payment for three months of "food stamps" which will be loaded on their Smart Cards, then each Iraqi will be getting 5,000 Dinars per month. At the current rate that works out to just over $4 per month. Riots are soon to happen if there is no RV. If there is an R I or RV in the $3 range then each would be getting $15,000 each month (I want to live there). More likely, each will receive between $1,500 and $2,000 maximum. That works out to a NO LOP RV of 36 cents per Dinar. Is a LOP possible? Not at all likely. What happens to the citizens 5,000 Dinars each month? A LOP would mean 5 Dinars that would also have to RV for $300 per Dinar to just to equal $1,500 in food stamps. Absolutely not likely. So, watch the changes in the amount of Dinars that finally end up in each citizens Smart Card account and divide by 1,500 to get a close approximation on the final rate. What about the Date? I see 16 and 18 as the day but can't get a reference to determine the month. My gut says soon but I suspect it will be on the 18th of some month very soon. Determining dates is voodoo stuff in the Remote Viewing (RV) world. Sorry

Recently M stated that each qualifying Iraqi citizen would be receiving 15,000 IQD in compensation for 3 months of "food stamp" payments to their Smart Cards (supposedly happening this week). Thinking about the "intent" of this gift I have deduced that a likely RV Rate is 36 cents. Think about it for a second. If there is a LOP or no RV the 5,000 per month works out to be worth a whole $4.25 USD. This would create riots for certain. If it RV's for $3.22 USD then each Iraqi would be receiving a whopping $16,100 each month. Definitely not likely. But if the RATE works out to be 36 cents USD then each Iraqi would be receiving $1,800 per month - high in our standards but necessary to quench the flames in the ME. In December I RV'd the RV and came up with 3/16 at 36. Could be $3.60, but I didn't sense a zero in the image. My gut says 36 cents. When? That's a problem with RVing. When is very difficult to pin down. Sorry

I've been buying and selling silver bullion for years. I do noi recommend "paper" silver, only physical silver. If we're talking about $100K in gold, we can easily store that at home. If its silver then storage becomes a problem. For anyone who buys a million or more he'll need a garage to store it. Monex is one of the few who will actually sotor silver bullion, but only if you have a bunch of it. Just ask yourself how do the wealthy "own" millions of ounces of silver? They don't store it under their beds...

I've been pondering all sorts of ways to shelter our pending income or delay the cash-in (for newbee's) in order to take advantage of long-term tax treatments. No matter how clever I and my financial adviser can be we still come to the same conclusion - cash out 100% asap and pay the short-term taxes when due in a year. Here's why: Rather than tying up most of our investment for many months (to get 12 months holding) we can do much better by moving our cash into silver immediately. You will have about a year to "use" the 35% that you are "holding" in reserve for the tax man. In that time you can double or triple your "reserve" by the time it's time to belly-up to the tax man in April 2012. Rather than loose the 35% to the tax man you will be tripling your money, paying 1/3rd to Uncle, and keeping the other 2/3rds for yourself. Most important, make sure you buy ONLY US SILVER (Liberty's and the like). Owning a foreign currency or bullion triggers a 1099 event every time you sell $10,000 or more of it. Selling US minted bullion does not. Sliver is expected to increase 300% or more this year where as gold is likely to go up to $2,000 per ounce. At the current price of $36 per ounce $10,000 in silver is 17 pounds in weight. The most one could expect to store at home is $100,000 (170 lbs). If you are buying more call Monex or a similar company that will purchase physical gold or silver in your name and store it in their vaults for you. Whenever you want to sell some it's just a call away and the funds appear in your account the next day. It also makes it a snap to move in and out of silver to gold, platinum or palladium as the market changes. Go RV this week........

Like all of you I've been overwhelmed with all the positive news in the last two days. Still, I remained a total skeptic until I got a call from my friend Bill who is trying to sell his last few Dinars. Every time in the last 30 years he has made an investment the market turned upside down immediately (buy high, sell low every time). Well, his call to dump his last remaining Dinars was the telling event. RV is absolutely to occur within days and at over $3 to boot. Thanks Billy for making this possible for all of us.

I've read on multiple posts that the GOI will give each eligible Iraqi citizen 15,000 Dinars on their Smart Cards in payment for the first three months of this year (Jan-Mar). 15,000 Dinars is the key. Just how does this convert to Dollars? Forget about LOP (which is not possible) or RV/RI and focus on the VALUE of this to each citizen. If the Dinar RV's as a LOP only, Each citizen would receive a whopping $12.75 (or $4.25 per month) in real value. NOT EVEN PLAUSIBLE. If the DInar RV's for $3.22 then each citizen would receive a bonanza of $48,300, or $16,100 per month (I WANT THAT JOB!). More likely, the Dinar will RV for something between 25 and 60 cents. At $0.35 per Dinar each citizen would receive a much more reasonable value of $5,250 or $1,750 per month - right in line with their "food stamp" program projections. So, working the challenge from the outside in I predict a RATE of $0.35 per Dinar (2.86 Dinars per Dollar). The DATE is the big unknown, and properly so. Don't think for a second that anyone would leak the actual date or rate for that matter at the risk of their life. One rumor that can be verified would start an avalanche and force a premature RV to stop the run on banks. The RV will happen when we least expect it and at the "dead of night". We'll wake up one morning to the glorious news (hope I'm sitting on the john at the time), but not after the barrage of negative press that's played out. For instance, if you go to a BofA or Wells Fargo and ask the branch manager about Dinars they will tell you they are not involved or that buying Dinars supports terrorism. This is not for you but for their employees who are the last people they (the bank execs at the corporate level) want to know about the Dinar. What if every teller bought 200,000 Dinars? Do you think they will return to work the day after RV occurs? Not a chance. So, the RATE is likely to be $0.36 and the DATE will surprise all of us. Hope that's tomorrow or ASAP I'm expecting magic soon.

There is no doubt of an RV and very soon. But just how soon? I suspect that there are a few "scenarios" that are in play that set the stage for the actual RV. Very obvious is the reports from Wells Fargo, BofA, and others who have made it clear that they want NOTHING to do with the Dinar and one (BofA) even thinks DInar investment supports terrorism no less! Why in the world would there be all the bad PR from Americas leading bankers if the DInar is going to revalue soon? Twenty years ago Kuwait was in a similar situation. In this case, their Dinar (values at over $3 at the time) fell to 10 cents within days of Saddam's invasion of their country. Kuwait has alwasy been a very rich nation and would NEVER think of employing their citizens in meaningless tasks like bank telling, street sweepers, sewer managers, electricians and just about everybody who get their hands dirty. Just about everybody that "works" in Kuwait is a foreigner from Egypt, Jordan and just about every neighboring country. One day they all went to bed with a pocket full of worthless currency and at 2PM the next afternoon most of them were millionaires when the RV occurred. Do you think for a second that any of them went to work the next day? Kuwait was left without enough workers to maintain even the basics for a while, and NOBODY came back to work at the banks. All this negative smoke is IMO is the last step to discourage Dinar sales prior to RV. Don't believe for a second that ANYBODY (the GOI, WTO, WB or anybody) has a DATE. They may be privy to a RATE but absolutely NOT a DATE. Just like in Kuwait, Iraq will announce their RV and RATE when last expected and after many short-timers have become discouraged. Buck up folks. Do you think for a minute that the currency of what will soon become the worlds richest nation could be worthless? What about Uncle Sams 3 trillion or so? Think Uncle, after spending 12 Trillion on the war, wants to settle for $2,550,000 at the current IRQ rate? Or would they like all $12,000,000,000 back with a $4.00 RATE? Go figure....

15,000 DINARS PER IRAQI? At the current rate of $0.00085 this 15,000 gift (LOP or NOT) to the citizenry is worth only a lousy $12.75 !!!! This makes no sense UNLESS there is an RV PRIOR to the actual loading of the smart cards. At $3.22 (or whatever) each citizen would receive a whopping $48,200. This IMO is not realistic. But if the RV turns out to be $0.35/Dinar then each citizen would receive a "reasonable" $5,250 (about $1,750 per month for March and the past two months). If there is a LOP coupled with an RV to say $3.22 then the 15,000 Dinar load would be worth only $48.30 - hardly worth the effort. IMO this is a strong indication of NO LOP. Another thing to consider is the ratio of the cost of Dinars verses their value. For instance, the Dollar Bill cost about 5 cents to print. So does the Iraqi Dinar. The Dollar Bill is valued at 20 times its cost to print whereas the Iraqi Dinar is valued at 1/60th the value of ist printing cost. Even a 5 Dinar note cost 12 times more than it is currently worth. National currencies are a business - for that country. No business plans on losing money on every transaction and neither does a sovereign nation. If the 5 Dinar note is going to be a common note then its value must be at least equal to its cost. If that is the case a 5 cent value would be very acceptable to many Dinarians. I think the announcement if a 15,000 Dinar gift is most telling and a VERY POSITIVE indication of a low-value RV without a LOP - and real soon. Just sayin'

Stepping back from all the confusion for a minute, and accepting the fact that some sort of RV or RI will be occurring real soon, we are faced with two possibilities - LOP or NO LOP. We've all heard RATES bantered around for two years. These range from 30 cents to $5.20 per Dinar. Applying the principal of Occam's Razor (the most obvious and simple solution is the correct solution) here are the possibilities: 1. NO LOP: With 27 Trillion Dinars in print (10 Trillion+ in circulation), any RATE over $1 per Dinar is highly unlikely. At $1 Iraq's currency would have a value of $27 Trillion (twice the US GNP!). Its' far more likely that any NO LOP RATE will be between $0.20 and $0.35 per Dinar making the Iraqi treasury valued at a more reasonable $8 Trillion. A 30 cent RATE would mean that every million Dinars is valued at $300,000 - a 3,530% gain on our investment. 2. LOP: There can not be a LOP without a simultaneous RV or RI. Neither is good for us. Consider a LOP and a whopping $5.20 rate. What does that mean? If you have 1 million Dinars the LOP converts that to 1 thousand, and the rate values that at $5,200. Wow! A whopping 433% gain on our investment. LOL!!! 3. LOP and NO RV: God nave mercy. That would set a managed rate of 85 cents on your 1,000 Dinars - no gain, much pain. Taking all the emotion out of this and looking at this as another challenge to be solved (by the Bank of Iraq), I would lean towards a 50 cent RV without a LOP. As soon as all the triple zero's are returned to the treasury and destroyed we'll see the value of the Dinar rise rapidly. Remember, the Dollar is no longer (and really has never been) the world's standard currency. CRUDE OIL is the standard currency, and the Dollar just happens to be the currency to purchase CRUDE OIL. That is changing as we speak. Just last month, Russia made a deal to supply China with all the oil and gas they need and the Dollar is not involved in the transaction. This is major and a first! Clearly, holding Iraqi Dinars is a smart move. The dollar is about to implode in months (better be in to silver or gold asap) and the IRQ is headed for the moon. GO RV.....

t 50 cents you'll hear the sonic boom and see skid marks everywhere as I leave town...... GO RV

Actually Peter, there is about 1,000 Trillion Dollars (if all currencies are converted to Dollars) in the world. Strangely enough, the Rothschild family (7 families actually) own just a smidgen over 500 Trillion in assets. These are the nice folks that brought us the Federal Reserve, Bank of England, Bank of Germany and all the other reserve banks. The figures I see repeated from multiple sources tell this story: There are a total of 27 Trillion Dinars in print. BOI has recovered 17 Trillion (about 63%) leaving 10 Trillion in circulation. Of that, the US government owns a reported 5.7 Trillion, individuals and small-time speculators own about 300 Billion (about 3%), and the remaining 4 Trillion is owned by other countries. Why does the US Government own Dinars? The Dollar is on the way down as it will no longer be used as the world's cash currency. Oil will be paid for in Dinars or a new certificate called a DTF. This is happening in parallel with the Dinar RV and with a Global Settlement between nations. As part of this Settlement, all world currencies will be RV's and their value (up or down) will be based on the amount of gold in the national treasury (minimum 20% of the currencies value) and on that countries natural, untapped resources such as gold, silver, coal, oil, gas, and rare earths. No more fiat currencies - including our Federal Reserve Note which will be replaced very soon with a new Treasury Note. This will signal our break from the Federal Reserve. The last time this happened President Kennedy created our own treasure-printed Dollars. You see what that got him. The Fed has been resistant to change - until now. This time the world, led by China, has said enough is enough to the Rothschild's and their reserve banks. Big things are afoot in the banking world and it's happening right under our noses. The Dinar's RV is directly tied to all this as it is the only currency remaining in the world basket of currencies without a live value on FOREX. When I think about the prices that are being thrown around regarding the PRICE, I think to myself "a low value is better than a high price". To me a $3.22+ RV spells LOP whereas a $0.25 RV means just that - no LOP. Just think about it. A $3.22 value without a LOP would value the country of Iraq's currency at $87 Trillion Dollars. THe entire US debt is only $14 Trillion. You would think they could pay it for us as a way of saying thanks. Ya think? 25 Cents makes a lot more sense. That would value their currency at a reasonable $6.25 Trillion Dollars - that's more like it. I'm hoping for a 35 cent RV and lots of growth as revenues and oil flows in Iraq. GO RV.

Unfortunately, the IRS is a step ahead of us. There's virtually noway to avoid the 35% CG tax. So here's my suggestion. Avoid all off-shore remedies since our Uncle is tracking every bank in the universe just looking for new accounts from "foreigners". Rather, cash out immediately - but wait until the first day of a new quarter (Apr 1, etc) and put 100% into silver. Three months later, when your quarterly payment is due to Uncle you can cash in just enough to pay your taxes, and then leave the rest in silver. Make sure it's minted in the good ole' USofA otherwise you trigger a 1099 event (not good) when you cash in more than $10K worth. If you need cash to pay bills, get a loan and put up your silver as security (let the bank hold it in their vault) so you can ride the silver boom and pay off your loan with the profits.

FYI: When buying gold and silver in bulk (more than $10K) DO NOT buy Canadian, Austrian or any other foreign bullion. The sale of these automatically triggers a 1099 event. ONLY US MINTED bullion is exempt from the 1099 event. This does not remove the obligation of reporting gains made of US bullion - you are on your honor on this one......