seus

Sorry to burst your bubble people, but in nearly every other country they use decimals and commas in numbers in the opposite of what us in America are used to: 1,170.00 <= USA 1.170,00 <= Pretty much the rest of the world I've been in international business for almost a decade...so I have dealt with this on a daily basis.

While his advice on 'what to do' sucks big time, his basic message is nothing new. You do know that there are guys like him that dream of the market collapsing. I did a few jobs for a guy who's family made a major bulk of their wealth from the economy going down the tubes. He said the worse things got the more he made. The guy got married when I was working on his house. The market literally collapsed (remember the dow in the 6k range?) they cancelled their honeymoon!! He was making a killing, and it'll be even better for him this time....believe me, this guy is actually telling the truth on this subject. But again, his investment advice sucks.

So now because we disagree with your thinking that America has issues we should move to another country???? Seriously, go and read the Hermann Göring comment again on pg. 1. One doesn't have to look very far to see that even the CIA says that most of the crap we have come back to us is due to our meddling in foreign affairs. You know that some recently declassified NSA documents give proof that the Gulf of Tonkin incident never took place, and was made up to start the Vietnam War. Don't be naive, don't believe your government, and realize that the politicians and military are willing to engage in some pretty ridiculous stuff to spark wars. 9/11 happened, people died, but it doesn't make it off limits to discuss and understand WHY it happened to us.

Does anyone know why they would even bother printing the current currency if their plan was to have a new currency with all 3 languages on it?

I'd look up what you're talking about before you say it, you state it as if their revalue was of some huge financial gain. They revalued from 8.28 to 8.11...up 17 cents from its value. And don't forget, this is while China has an infrastructure built, and their economy is in rapid expansion. Their government is in working order and they can deal with things rather quickly. They have a military that can provide security, they don't have hyperinflation. The problem with the China argument is that we're not dealing with a China scenario here. Sure Iraq could RV from 1170 to 1150, but it wouldn't do anybody, any good. We're looking at a straight up RD with both currencies existing together and we'll probably make 3x our money back. Not bad if you ask me, but not the pie in the sky scenario so many others have been touting.

Monday should be interesting in the markets.

Thinking about this, wouldn't that be interesting if the goal of our politicians, etc. by converting to the Petro-Dollar was to get all of their oil on the cheap so that we use all of it up, until technology allows us to tap into ours at which point we sell it to the rest of the world at say $50 / gallon...pretty long stretch I know, just an interesting conspiracy.

to goldengoose and dinar buddy, you guys only answered to the fact IF the IQD were to RV and make you millionaires, what if it doesn't?

in these events: (curious as to how you'd respond/change things/etc.) 1) IQD RV's and you're a (multi)millionaire... 2) IQD RD's and then RV's and you have 3x-4x your initial investment... 3) IQD RD's only... 4) IQD does nothing... If you don't become filthy rich, and you've been stalling on life waiting for this, explain what you'd change immediately or in the near future... - - - 1) tell a lot of people that I will be moving due to a change in life circumstances...invest wisely, spend only the interest, take care of my family and what not. Possibly start a new business venture. 2) Put all the money into an investment that yields between 5-10%, use the interest to pay down debt, go on vacation, or put more into savings. Work at a decent job and try to get this account up to $100k to hopefully earn at least 5-10k / year in interest. Consider getting my master's degree. 3) Unless there's a cash in period, I'll just hold onto it for another 3-4 years. Possibly consider getting my masters degree. 4) Probably the same as #3. I may look at selling a portion of it and invest in something else. Again, consider getting my masters degree. Since I'm still finishing University (1 semester left), I'm in the process of finishing what I consider a major achievement in my life. Will be looking forward to using my hard earned skills at what I hope is an interesting and exciting job.

It'll probably be a story about Maliki and Allawi are planning a trip with the rest of the cabinet to go to Disney World for the summer because they need some time off.

Correct me if I'm wrong but when they eliminate the 000's they do it from the notes and exchange rate...Problems solved.

hmm...your right, i was seeing extra 0's. so if that puts us to 2.64 Billion in that time frame, it'd put us at least at what, ~ 110 Billion IQD? Well, then that may put this thing back into perspective. And over inflating this by say an extra 50 Billion IQD for the larger states, I guess I can see this working out now. Yay for you guys clarifying...I was freaking out after reading that DT letter.

you know how we believe from the CBI's financials, that they have approx, 27 Trillion dinar in circulation? I was thinking about how DT shut down in Arkansas. They said in the paper filling that from Jan. 2008 until recently, he sold 4.4 Million USD in IQD, in about 5000 transactions. Mind you, Arkansas is a small state population wise... If I assume an overall average cost of $1000 USD / 1 Million Dinar, we get 4,400,000,000 (4 Trillion 4 Hundred Billion IQD) sold. Now let's assume that 25% of those transactions were for his dinar on reserve. That leaves us with 3,300,000,000 (3 Trillion 3 Hundred Billion IQD) in circulation. Now I don't know about you, but I don't know of a single person that has sold their IQD back. It may have changed hands over ebay, but to give those who claim the IQD was pulled in by the CBI some justice, lets say that another 20% eventually landed back in the hands of the CBI. That leaves us with a total of 2,640,000,000 (2 Trillion 6 Hundred 40 Billion IQD). I'm beginning to think that the GOI is blatantly lying about the number of IQD out in the world. If we figure this across all 50 states, were far from being close to 27 Trillion, and not to mention other countries/people/corporations/etc. purchase the IQD. And this is only 1 guy, from 2008 and beyond. I purchased my initial set of IQD back in 2004. I have a few friends in Saudi Arabia that said newspaper ads were taken out saying how the IQD would do what Kuwait did and you can get rich by purchasing it. He said that many bought a lot of it, since they could buy it locally for the going rate. I hope those of you thinking that the IQD will be your saving grace in life, have a plan B. As my math isn't really showing how this can add up to ANYONE making anything outside of their initial investments. I could care less what research others have done by cross analyzing articles and statements. These are from official documents for Dinar Trades legal sanctions from Arkansas. Even if they inflated it by 50% it still completely kills the 27 T in circulation, by a long shot, and destroys our possibility of making money, if any, on this investment. Would love to hear how you can possibly refute these details. Hopefully whatever will happen with this currency will happen in the next few days so we can finally see where we stand. My 2 cents.

Let's see what everyone thinks!

Check out this youtube clip on how to do it with FInal Cut For After Effects if you need help just let me know, and I may be able to.

I don't understand your point? I could easily say, you believe in all this mumbo jumbo, and one day will be dead, and nothing more than fertilizer.

I don't believe in your scriptures or your god. Your so called Biblical philosophy has nothing to do with they these countries don't want to trade the USD. Not to mention, the last time I checked, why on earth would "God" care what the worlds reserve currency was? Why would the USD not being traded as the worlds reserve currency signify wickedness either? With the complete lack of responsibility the US has for it's own currency and that it is the current reserve currency, it shouldn't be alarming that these countries want something different.

Amen.

For so much talk, perhaps you can backup what you're saying with math and how it works and give something we call evidence of how 'Little' IQD is held by outside investors. You clearly feel you have the answers. Everything that I ever read from keepm actually point to factual evidence and documents from places such as the CBI. I suppose you still believe in the Easter bunny and Santa clause???

Perhaps you should re-read what you had written: " You know, Obama plans, (and seems very confident) that he will raise 1 billion for his re-election campaign,,,, if the white house knows anything, don't you think an RV could be his ticket to raising that amount,,,,,,,, I hope that if he gets it, he still LOOSES! " You plain and clear say that an RV can be his ticket to raising that amount...and we know that he isn't going to raise 1 billion on a .01 RV Rate. So a "decent RV rate" is what can be assumed from your posting... secondly, last time I checked we're not talking about crappy plastic useless trinkets from China...get with the times man...we're talking about actual engineered goods, like oh, aircrafts, weapons, vehicles, etc. And afraid to say it, if you knew anything about the current currency market you'd know that with the devaluing of the dollar, and China's rampant inflation, has only increased our ability to compete with them. I personally KNOW steel manufacturers here in the US who 3-4 years ago said they couldn't touch China on those types of goods, guess what, just talked to them last week and they're taking away contracts from China. As China's too expensive. So maybe do some research on what we're talking about. Even if Saddam made Iraq a crap hole, it wasn't a war zone forever. At least not until we started the 2nd Iraq War. Here's a formal definition for you since you seem to "know it all": War Zone: A region in which a war is being fought. No war from Gulf War until Iraq War. plain and simple. You do realize our dollar is pegged to oil right? You obviously don't believe we went in there to manufacture goods, and obviously not oil, so einstein, would you care to explain WHAT we went in there for? We all know that the WMD was just a cover for what we really went in there for...Iraq has the one resource that we need as well as everyone else. OIL. I don't even understand most of your ramblings on George Soros. What's your point? That he's going to get so many people to purchase the IQD, that they'll have to RV it to a rate of his choosing...? You do know he made his money hedging AGAINST the BOE, which was an internationally traded currency. No different than one of the hedge fund managers here in the US that hedged against the housing market before it crashed and made nearly a billion. It happens, he's not the first, and not the last. The IQD is on a fixed exchange. Again, with the LOP, perhaps you can explain (with math) how it would work for them financially. I've yet to see anyone do this with the numbers that we DO have, like the 27 Trillion IQD in circulation, not the rumored amounts that have no factual evidence.

keepm I'm with you on this all the way... I'm absolutely amazed how people here NOW think that it's Obama's plan to make the RV happen at a good rate so that he can raise funds for re-election...ARE YOU PEOPLE HIGH!??? Seriously, Iraq may be a war zone, but we made it one. Even if Bush allowed us to own IQD and said that the war will pay for itself, doesn't mean an RV where we make a crazy sum of money. He probably has to talk about our country supplying them with materials and goods, etc. Which guess what! Require manufacturing here, creating jobs here, creating revenue for the government here. Do you actually think a LOP isn't going to happen? please, get real. Like Iraq is going to spend the next 10 years literally giving away their oil. And do you think that it'll be too cost prohibitive for people to do work there because of a higher priced currency? Guess what, the cost of those goods will be relative to the dollar. Not the dinar. So if a can of coke costs 1 USD, it'd cost like .35 IQD or close to that. The fact that people actually think the big players care about a lop or not are just ignorant. They want the oil fields in iraq. They want the untapped market of iraq, ripe for the taking. enough said.

I couldn't agree more. The pie in the sky mentality that I've come across time and time again, absolutely astounds me. A lot of educated people to be honest. I gave myself about a 1 month experience to just let myself go and feel what it would feel like to be contemplating on big purchases (house, car, travel, etc.). It had interesting effects. I've re-grounded myself and am even more committed to finishing my university degree with only a semester left. Get a job lined up in the next two months. It honestly made me realize that wow, if I REALLY want to do things in life, I need to work hard, save, and plan accordingly. Many of those who can't look beyond this are those who either squandered what they already had or are just caught up in the instant prosperity and greed associated with it.

Ok, we may not be understanding each other at all, as I don't support a $3.22 etc rate for an RV, I have no idea where you got that from, from what I said. I didn't even speculate at that. I agree with you on the .01 thing. A LOP with RV Afterwards however DOES support a 3+ Rate. I hope you have some solid evidence to backup your "97%+ IQD is in Iraq", as I disagree with that statement. 3% of 27 Trillion is 810 Billion IQD. I alone know people holding approx. 400 Million IQD combined. And that's spread among 15 people. Just go tally up all the ebay ads for two weeks as well, and you'd probably easily get over 10 Billion IQD at auction. Shabs says remove 3 0's from currency. I've yet to hear him say from the nominal rate. That's only been people guessing. An initial payout to every citizen would help a lot man. Just look at people who rely on their tax refund every year, but in this instance, it helps the Iraqi's who's lives have been forever altered from war and the previous regime.

dinarck agreed 100%... oh and cbisinger, dude I read not but 1 paragraph from your little PDF, that states EXACTLY what Iraq want's to do: "With the currency redenomination there will be no change in the denomination of the national currency, which will continue to be the bolivar; but in order to achieve an easier, more effective and quicker familiarization with the new monetary scale, during a period of transition the adjective “fuerte” will be added to the word “bolivar”, to make it “bolivar fuerte”. This denomination will be represented by the symbol “Bs.F.”. For instance, a 672,000 current bolivares (Bs.) wage, once converted to the new monetary scale will equal 672.00 bolivares fuertes (Bs.F.). A payment of the electrical service for 23,170 current bolivares (Bs.), will be equal to 23.17 bolivares Fuertes (Bs.F.); a Bs. 1,400 kilogram of corn flour will be equal to Bs.F. 1.40; and a Bs. 900 urban bus fare will be equal to Bs.F. 0.90. As we can see, in order to get the new monetary scale we divided by one thousand (1,000), or moved the comma three spots to the left, all the amounts used on this example:" Page 9. And it goes onto say that the reason for this is because it's far easier to divide 20 by 5 than 20,000 by 5,000 for the vast majority of people. Basic economic reasoning behind all of this. Nothing complicated.

First, I stated that those two options were of my opinion, not fact. Second of all, I did state the M2 numbers don't support your proposed RV amounts. Explain to me why in the world, they'd give away the farm to everyone??? Sure they have oil today, but they won't forever. Explain how any RV of 27 Trillion Dinar will be able to be supported? seriously, look at the Circulation of currency of all the countries around Iraq. It's pretty clear as day. Secondly, it's the LOP isn't crazy. Shabibi himself has stated many times the removal of the 3 0's. He's described WHY they were put onto the currency in the first place. HYPERINFLATION in the 90's. Many countries have done this proposed LOP. And guess what, if people were so upset about it, it must've been for a minute, and then everyone moved on. Finally, my idea that everyone 18+ getting money again was just an option that could happen to instill hope in the people, have you been watching the news lately??? Most middle eastern countries GIVING every citizen money! Entirely plausible at this point for them. Not saying that 100% confirmed intel going to happen, signed off by Maliki and Allawi. Just a possible post-RV effect. Seriously, get with the times. It's not camp negative, it's camp realistic.