hemecity

The issue of the lower denoms being treated differently has been hashed out here many times. The answer is NO, all bills have to be treated equally in an RD or RV (IMF), which includes in- and out-of-country bills. hemecity

I can't see them RV-ing the day Ministers of Security officially appointed. As far as we know, that has not yet happened. I can't imagine the Ministers will able to hit the ground running, and it will take time to get the necessary cabinet structure actually functional. Does anyone honestly think that, once appointed, Shabs will RV the next day? More time! (sigh) The good thing is that they seem very close to the appointment. heme

Gulf currency? I hope they've looked closely at the "euro experiment". For that matter, lets hope those pushing for a North American currency/union have done likewise (Mexico, USA, Canada?!). Seems to me the diversity of the various states involved in these unions, how they handle fiscal responsibility, and of course religious/cultural differences (especially the ME) has been the problem. Not good news for the global currency people, IMO. Thank the Lord for human diversity!! If a single country (diverse within itself) cannot exercise fiscal discipline, how in hell can a conglomerate of countries do it? heme

Thanks for the above comments. Hame55 - you asked for links. That's very appropriate and crucial for being assured. I did spend (too much) time searching for some. Not very productive. Just taking the issue of US Treas. holdings, see James A. Smith: "One compelling speculation that may relate to the value increase of the Iraqi Dinar is the actual amount of Iraqi Dinar being held by the United States Treasury Department. A significant increase in the value of the Iraqi Dinar would more than pay for cost of recent US war efforts in the Middle East and greatly alleviate the tremendous debt recently initiated by the US Government. The US Government’s current runaway spending seems to suggest that the US Treasury Department is expecting a massive windfall in the near future that will cover debt. Although this theory seems logical and despite the fact that this theory is parroted by many, this speculation can not be confirmed." James A. Smith Senior Financial Officer JAS Financial http://www.dinar2u.com/iraqidinar/news.php?tab=detail&id=272 He apparently also considers this vital intel and has apparently spent a considerable time on this and had no conclusive luck confirming any IQD amount held by UST. I do believe there is significant indirect evidence that the UST does have some kind of secured value from Iraq. We not only spent our war money & lives, but also freighted tons of paper USD to them for economic stability. See "Billions over Iraq" here (translate "Trillions of IQD over Iraq"). This secured value has to be in some kind of tangible form and essentially the only thing is their currency, IMO. Their oil is not yet tangible. I can't go into the other "holders". A good place for additional background is Marcus Curtis' blog. Taking my comments as an "IF" is a good idea, especially if one insists on conclusive, hard-linked, no-question-about-it evidence. Fact is, links to this kind of information are at best nearly impossible to find, ex. can anyone give me such a link as to what is of vital concern to every US citizen: How much gold is really in Ft. Knox? Best wishes to all. heme

Personally, I have no desire to emulate Soros or his ilk. However, I don't believe anyone, even the spiritually educated, is truly qualified to certify Soros or anyone else as Satan or one of his agents. However, one can give a few definites in his case: He's in his 80's. No one lives forever. When he does ultimately check out, all his earthly wealth will be immediately RD'd to zero to him. How he got all that money, how he has used it, and how he acknowledges those things may have some future value beyond the check out - one way or the other. Either way, determining that future value is not our call. Much more profitable to focus on where you are. Best wishes. Heme

Both posts above are directed towards what I believe are at the core of this investment, i.e. who are the big winners in this investment (ref: J. Caesar). We here are just looking for crumbs off the table. I'm not going to supply links, other than the hours of intel on this board and that of Marcus Curtis: http://***********.wordpress.com/. Excellent info requiring a lot of effort, and worth the time if you're serious about this potential. Since the stakes seem to be astronomical for the big players, their modus operandi has world-class immunity from accurate intel. Most of it we cannot know so be careful about what you read. I've tried to boil this issue down to a few broad and poorly documented issues: Several entities appear to own a huge amount of dinars - US Treasury, Rothschilds et. al. which includes IMF, a host of (their) central banks, and large US financial institutions (Citi, Morgan-Stanley, Goldman to name a few). These entities are not known to lose on such large positions. Only the amount of gain and how they do it is the unknown question. Their dinars controlled/owned must also must be held by electronic entry (as opposed to many here who hold physical currency) - too much for them to physically hold and to move. That's how they have to conduct business at this volume. On the one hand, physical currency has some distinct advantages for us little guys: The amount you have is relatively under the radar of government and legal piracy of various types, at least until you cash in. The disadvantages are: we don't know how much profit will be extracted by governments when paper is redeemed and what steps governments will take to limit any significant profits. Some protection from this is anticipated by the exceeding efforts of Adam. Even those carry risk, but they're the best I've heard. Most paper dinars held outside Iraq do appear to be authentic and currently potential legal tender once an RV occurs. An additional comment is: Since all central banks are private and controlled by non-government sources, IMO any comments by chairmen of those central banks (merely appointed by their government, employees rather than owners) must be taken in the context that they are more of a mouthpiece than the ones who own their central bank, whose activities are clearly non-transparent. This includes the CBI and our own US Fed.

Thanks for this post. I checked Marcus' page this AM, but didn't see this. It looks good, and, if so, is the best analysis I've seen recently, particularly the LOP issue. heme

This segment sounds to me as if there will be BOTH RD & RV. A few things on the RD question: "We needed the zeroes back then (when they were added), but times are different now (?we don't need them now)", and "we have a plan for that (the RD, but can't say what or when)". Something else is clear: Both of these issues are exceedingly complex for Iraq, and Shabibi cannot just snap his fingers at a whim and an RD and/or RV will happen. I would agree that we are in the end-stages of whatever is going to happen.

Bought IQD, new 25k bills at the "GID Auctions" for $1,110/mil today. Why $60/mill less than CBI?

IMO, the best question to ask is: Who is in control of/owns the IMF? Remember the "Continental Dollar" in the U.S. I vote for smoke. heme

GID still selling as of today. Rate/mill: USD$ 1,110 - uncirculated. Repurchase (with restrictions) $940/mill. No change since 2/11. Selling for slightly less than recent CBI auction of $1,170/mill. heme

Not to rain on our parade, but that is 21 billion USD (about 21 trillion IQD), right? Anybody know where that money's coming from? Are they going to just print it, US style, on top of the IQD trillions in budget shortfall for this fiscal year? heme

It has been said on this site that some huge holders of IQD include: US Treasury, BOA, JPM (Marcus Curtis, etc.). All of these have been silent on currency. I haven't seen Citi mentioned. Anyone know if they are actually a player in currency, or could this just be essentially an opinion on upcoming Iraqi market investments? heme

Is Iraq selling this oil using petro-dollars? heme

Chinese are grabbing up commodities all over the world, especially oil/gas. They have an agreement with Russia that circumvents the petrodollar. See: http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm I worry if this could be happening with Iraq, i.e. negotiating similar deal for oil & establishing purchase based on a relationship between IQD/yuan - China's own version of an RV leaving the USD in the dust. To me, this could circumvent need for RV in USD. You all are probably aware that the rest of the world, and including IMF, want USD to loose status as world's reserve currency for a "basket" of currencies for which SDR's would be used instead of petrodollars. The sad thing is our Fed is doing everything it can to make this happen. heme

GID Assoc. gives a quote of $1,110.00/mil 25 K IQD - 7 AM Eastern. I'd worry about authenticity in anything cheaper. heme