The Eagle

I hope it's not a $4+ RV for this reason. Without a LOP the Iraqi Bank would have $108 TRILLION DOLLARS in Dinars - about 10% of the entire world monitary supply, half of wich is already in the Rothschild Family possession - NOT LIKELY. A $4+ valuation would undoubtedly mean a LOP and then RV upwards from 85 cents per Dinar to $4 (a meager 4.7X gain on our investments). Or, if we see a 30 cent RV then that means that there is no LOP and each Dinar is indeed valued at $0.30 USD - a fantastic 353X gain. At 30 cents. the Bank of Iraq currency would have a total value of $8.1 Trillion, more in line with reality. Just a thought....

If any of you know what happened in Kuwait when they RV'd you'll understand all the "it's a scam" comments. What bank wants its tellers to get in on this and then quit as soon as the RV occurs? That's just what happened when Kuwait RV'd. They instantly lost half of their foreign (and local) workers who quit and returned to their home countries as rich people. When BofA or Wells says it's a scam it's probably to protect them from loosing their staffs. Common sense says that Iraq cannot become the giant in the area when their currency is rated at less than 1% of other local currencies ($0.00085 VS $0.35). At the very least, the IRQ must be on par with the local currencies to be competitive in the oil/gas market. I look for a 35 cent RV and a rapid climb to the $3 range over the next 3-5 years (my guess).

That's old news - been around for months. Just think about this. M told Iraqi citizens that the Dinar would be "far more valuable soon". If that's so, then an RV is more likely than an RD (re-denomination). With an RD, the current value of the Dinar would increase 1000 times from $0.00085 to$0.85 per Dinar - 25 Dinars would have the same value as the current 25,000 Dinar notes. Now, M said there would be more value to the new Dinar. We've all heard the $3.22 number and $5.61 as well. Lets assume Iraq does an RD and an RV at the same time. The best they can expect is to restore the Dinar to the old, artificial $3.22 price. So, what would that mean for us and millions of Iraqi citizens? A 378% gain! Far less than one would expect. But if there is no RD then the Dinar can RV for 30 cents and please everyone - especially the GOI. Rather than thinking in terms of an RD, I prefer to believe that the RV will end up being an ADJUSTMENT to bring the DInar in line with the value of other "local" currencies (between 25 and 60 cents), and then climb over time to $3-5 to equal and eventually exceed the value of the Kuwaiti Dinar.

For some time now I've been buying silver bullion as the price has climbed from $15/oz to today's high of $32.50/oz. Every time it takes a jump many think this is it - it can't go any higher. I'm here to tell you that silver is a $400/oz metal. Here's just some of the reasons this will be so. First, unlike gold, silver is a mined and processed metal. You need to dig it up and smelt it our of the ore just to start. Today, we have used virtually all the silver that exists in pure form. China and Wall Street have been keeping the price of silver artificially low for years by going to the ,market and buying silver at market only to dump it at a loss to drive the base price down - remember China uses silver in everything them make for us. Second, there's a nasty little thing called ETF's. Today, there is 10 times more silver in EFT's than there is actual silver. If there is a run on silver (and it appears to be happening now) then the crap will hit the fan. With no available silver to buy in order to short the market, the price will soar to over $400, along with gold hitting $4000 or more. Silver is the safe play of the century and it plays a big part in my personal Dinar strategy. When the RV occurs we will probably be sitting on a bunch of cash. It's important to take the cash on the first day of the NEXT quarter (April 1, July 1, October 1) to allow us to hold 100% of the funds as long as possible. I plan to take a few hundred K for personal needs and put the remaining funds into silver bullion through Monex (or any other that stores it for you). Remember, $10 million in US dollars equals 8.9 tons of silver (17,800 Lbs or 284,800 Oz - much more than you can store). Since our 35% is due to the IRS on the first day after we convert Dinars to Dollars we want to have all the funds in silver until we have to sell off enough to pay the tax man. Another note of interest - when buying gold and silver, any foreign gold or silver (Krugerrand, etc) triggers a 1099 event whereas any silver or gold bullion made in the good old USA is a NON-1099 EVENT. Uncle Sam leaves it up to you to report your gains when selling US Bullion (Eagles, etc). Third, silver has almost always been priced at 1/16th the price of gold. At today's gold price of $1,375, silver should be priced at $86/Oz right now. This adjustment is occurring now - just watch the metals prices on www.monex.com. I plan to place most of my Dinar blessings in silver. Where else (other than with our Dinars) can we invest money and see it multiply 5-10 times and be 100% secure all the way? SILVER.

Seems to me that all these first, second and third hand rumors add up to just that - rumors. Don't you think that when the RV/RI/RD or whatever occurs that someone (in fact a bunch of folks) would leak this simultaneously around the financial world? Does a wild beak crap in the woods? When we wake up to find 10 posts that all point to 5 or more credible sources (printed) stating the SAME rate, then and only then can we assume the event has occurred. Whenever I hear a rumor I forst ask myself who is the messenger and who would immediately benefit from this information if it is acted upon. Just standard G2. GO SOMETHING!!!!!

I went to my local BofA branch this morning to close an old account. The manager saw me and quickly motioned me into her office (it was very busy in the bank). She said that she just got word from BofA Corporate to warn anyone that inquires about Iraqi Dinars that the Dinar was a "total scam - total!". She knows I have Dinars and felt that I had been scammed. She paraphrased the email message but wouldn't show it to me (makes sense). When I asked her for some proof she said the email instructed her to point people to Google search. I also asked her about excess money that banks are claiming to have in their vaults. She said that BofA was reducing the amounts of cash on hand, not increasing it. It's hard to believe that my bank is that poorly informed about the Dinar. Ignorance certainly is bliss.

I want to add a thought on taxes. Other than straight forward shelters (trusts, etc) I choose to ***** all the way as I belly-up to the tax man. Rather than spend all my effort trying to avoid the inevitable it makes better use of my efforts to invest what I have in silver and Dong (the Viet kind) and also in Palladium bullion. Don't (never) look back. GO RV!!! I want to add a thought on taxes. Other than straight forward shelters (trusts, etc) I choose to ***** all the way as I belly-up to the tax man. Rather than spend all my effort trying to avoid the inevitable it makes better use of my efforts to invest what I have in silver and Dong (the Viet kind) and also in Palladium bullion. Don't (never) look back. GO RV!!!

Yes, silver is the investment of the time. I've been in silver for 14 months and have been buying bullion (coins and 10 oz bars) all the way up from $12/OZ. Silver is an artificially depressed resource - mostly by China and Wall Street shorting it to keep the price of this rare metal low. In fact, there appears to be 10 times more silver in ETF's than there is actual silver. Traditionally, before the market manipulation by China (they use lots of the stuff) silver was priced at 1/16th the price of gold. Today, it's at 1/60th the price of gold. Very soon, within a matter of weeks, silver will explode and jump back to the $60 range where it should be, and then start a steady climb to the sky (maybe $250/oz) as ETF's are called and the remaining silver is removed from circulation. Remember, silver is not dug up like gold. Its mined and processed at great expense to smelt out the ore. If we start mining now, and we are, we'll never catch up to supply/demand levels in our lifetime. Personally, upon RV of the Dinar, I plan to do the following: I have 10 million Dinars. 1. If the RV value is high (0ver $1.00/Dinar) I'll dump everything into three checking accounts (temp). 2. I'll remove $2M for bills, houses, kids and life. 3. I'll invest $7 in silver ingots through MONEX.com (they store it for you) 4. I'll sell silver to pay taxes as taxes are due. An alternative is to use your Dinars as security for an open line of credit - say $1M. This is a non-taxable event. Your bank makes a loan at current interest rates and holds more than 100% security that it can cash in the event of your default (after 12 months). This will put the Dinar into a long term investment (12+ months before actual cash in) and still give you lots of play money. Although this appears great at first, you really want to be into silver as quickly as possible. It will be more likely to double in 6 months than the Dinar after RV. The best solution (for me), assuming a high RV value, is to do both. I'll borrow $1M and use $2M in Dinar as security for 12 months. The remaining $8M goes to Monex.

If and when the RV/RI occurs, and if we are given an unlimited time to cash in, I suggest we take our Dinars to our largest bank, talk with its President or VP, and agree to deposit the Dinars (as security) with them in exchange for a large line of credit. The best option is to secure a $1M USD loan with your un-converted Dinars held as security. This way you can avoid the pitfall of a short term investment tax and still have use of a (non-taxable) $1M to play with for a year when you convert some or all of your holdings to USD or metals.