JayP

Well, I am glad that you asked that. To be honest, all I can do is hope that they do not Rd, and IF that was to happen, that they would introduce a new rate with the new notes that would do better than break even for us to give us some return on our investment. I am hoping that they will find another way to reduce the supply, or to gradually increase the exchange rate, but who really knows. All I can say for certain though, is what the CBI has been quoted as saying, what the financial indicators show, and what the CBI Annual Bulletins show. It is showing at last check that they have 26.8 Trillion outside of the banks, and that the CBI has stated their desire to redenominate and bring the exchange rate around the dollar. The real question is, will they actually follow through with that. Shabibi seems intent on making that happen, but the Govt of Iraq has stated their concerns with counterfeiting, or corruption in the banking system in that process, so I continue to hope that they do not follow through, or get the cooperation from the govt for those plans. Keep positive, and keep hoping, but the important thing is to know what to be looking for, or looking at, and not get too caught up in misinterpretations of what the CBI is really saying. It will only make it harder to follow things, and see where we really stand in our investment.

You hit the nail on the head here. This is why that theory is nothing more than just that... a theory or rumor at best. That is something that has been said for years, but no proof has ever been brought forward to show that to be correct or factual, and this article only supports that rumor was not true. In my opinion, there is nothing here to show that a RV is required, or will happen. What I take from this article is that they were asked to reduce their budget by 15 billion based on oil price speculation, and if it should go down as expected, they would have a budget surplus this way. It is said that the article discusses the deletion of the 3 zeros, which is a redenomination. A redenomination would contract the money supply, and bring the value of the Dinar somewhere near the USD. This makes sense if the article then goes on to mention how they do not like to use the Dinar due to the current value. If they redenominated, that would bring a new and higher rate to the Dinar. In either case though, they will continue to use the USD for Oil sales though in my opinion. The important thing to note here, is that they specifically talk about the deletion of the zeros which is a redenomination, not a revaluation. They make no mention of an RV, or any implication of that in this article.

This is another false story that a few of the gurus out there try to tell people. The fact is, if anyone tries to find this anywhere that it shows that this is true, then you would see that this cannot be proven. I heard a particular person say this the other night as well, but the fact of the matter, is that I would love to see if anyone can actually come up with any evidence, or anything that shows that this is actually a true statement that they are using this as a bargaining chip. I think that in the attempt to try to validate such a claim, it would be proven that this is just a made up claim by someone. That said though, if someone did find something that proves this to be true, then it would be something pretty interesting to consider!

I think that many that have this thought process that believes that a 1000 x RV would create automatic wealth is missing some very important economic points of the fundamentals of a country's import and export business. I understand what you are trying to say here as many people get clouded with this concept, but the truth of the matter is that you have to remember that this would directly affect their export business as well, something that they desperately will need to do to diversify their economy, and diversifying their economy is critical. They cannot be solely an import nation, as there is a very careful balance. Think about it like this, you have an Iraqi citizen earning let's say 1 million dinar a week, and let's say a US company employs this Iraqi citizen. That million dinar salary cost only 860 USD to pay that salary. Now, let's say they revalue the Dinar to .86 from .00086, no RD, no adjustment of salaries, bank accounts, etc, just a straight up change in exchange rate 1000x higher than the day before. Guess what you just did... that's right, you just cost that company 860,000 USD a week to pay that same Iraqi employee. Unless, your thought process is that you adjust the employee's salary by reducing his/her salary by 3 zeros as well, but then it is no longer a straight up RV is it Imagine how this would affect their economy, and countries that do business there, and what it would cost them. So much for attracting the foreign investors, and so much for the economy. This is why countries like China now, or Japan after the World War had a flourishing economy, because they were able to take advantage of the competitive advantages. Well, to make my point even more clear, Japan in particular was eventually pressured into revaluing their currency, but keep in mind that this was less than 200% over the course of under 2 years. So what was the result of such a change? They actually ended up in a 'revaluation depression", and an economic recession. Please see the below link for reference if you would like to read more on the history and the impact that such a change in currency can have to an economy: http://blog.hiddenharmonies.org/2010/03/professor-jiang-ruipingrevaluation-of-japanese-yen-a-historical-lesson-to-draw-analysis/ So you have to ask yourself, if this happened to a flourishing economy, with only a change of less than 200% increase in exchange rate, imagine what a 1000% or more exchange rate increase would do, especially to an economy still in the stages of trying to struggle to diversify, attract foreign investors, and try to flourish with a correct balance of import and exports! Just some food for thought, but I thought that this was important to mention since many seem to think that a 1000 x increase in exchange rate can only mean everyone becomes automatic millionaires, but not think about the adverse affects on an economy this would actually have.

This is actually a very good question and point. The truth is, IF they were to redenominate, then it would affect the bank accounts as well. In my opinion, as far as a redenomination is concerned, the bank accounts I do not believe will offer any protections from the exchange of old to new for a 1000:1 in the process of the deletion of the zeros.

Sorry, I was responding to LouG's post, but good response as well janderson! Well stated

Ok, let me correct Enorrste in his rationale here, because this is just flawed arguments. Please my responses to him for 1-10: Enorrste responded with a rebuttal which I can add to. Here is what I would say to each of his responses: 1. Iraq did suffer from inflation. In fact, in 1999, their inflation was nearly 135%, and I would consider that a serious inflation problem. Inflation gradually went down, until they finally were able to get it under control around 2007, and maintained it since. Once inflation was brought under control, then they began discussing plans to redenominate their currency. So the reality is, that this situation did apply in Iraq as it did the other nations that redenominated. 2. In this response, I want to clarify, I never said the word LOP, I said they want to redenominate. Now, in your response to my response for #2, enorrste provides the following link: http://www.rferl.org...on/1950504.html Let's take a look at the title of the article: "Iraq Planning Currency Redenomination" .. so, yes, this very article is specifically about a redenomination, just as I stated. The following 1st 2 paragraphs: BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. So, this article actually supports my point that the definition of the 3 zero articles is a redenomination, and the very article that you provided even supports just that. In a redenomination, there would be a gradual removed as they are exchanged over an 18 month period of time, so that would happen gradually. 3.The response here does not make any sense, and is clearly taking the paragraph he posted out of context. The fact of the matter, regardless if they revalue to get to 3, or if they redenominate and revalue to get to that, it does not prove that this means that they plan to revalue vs redenominate. 4. Enorrste is making a distinction that Maliki and Shabibi is saying that Iraq will have the strongest currency in the middle east to mean the highest value in the middle east, but if you look at the articles where it shows that being said, we have even seen where they stated they HAVE the strongest currency in the middle east, and the fact is, we know they do not have the highest currency value in the middle east. What they mean by the strongest in the middle east is that they have a currency that is backed 100% by their reserves, not 80%,50%, 20%, etc, but fully backed 100%, which is why they needed to get the reserves to the 60B that they are at now. If you look at their total money supply, you will find that the value, is within that 60B. This is what makes a currency "strong", so this is why they can say that they HAVE the strongest currency in the middle east, because they do! 5. I did not step on my own foot in this one as Enorrste states in my opinion. All I can say on this one, is that you even stated that this is what Shabibi has been doing by drawing in the notes to get from 25T to 25B dinars. The fact of the matter, is if you removed every single note with 3 zeros on it, you will have no more than 72 million dinars in total circulation left. This is not even a fraction of the 25B you are stating they need to reduce it to. If they redenominated though, then dropping three zeros from 25 trillion would make it 25 billion. The fact of the matter is that your math does not work out here, while what I have stated matches exactly the numbers that they say they want to get to. Please see the link below: http://cbi.iq/docume...nnual_2010f.pdf This will show you the exact numbers of the currency issued for each denomination as of 12/31/2010 in their annual bulletin. Based on your theory here, if you define this as removing the notes with 3 zeros from circulation, that will only leave you with the following notes in circulation (in millions): 55,572 - 500 Dinar Notes (55,572 million x 500 = 27,786,000) 174,752 - 250 dinar notes (174,752 million x 250 = 43,688,000) 10,003 - 50 dinar notes (10,003 million x 50 = 500,150) So if we do the math, based on your theory, if they removed the 3 zero notes that were issued based on your definition, they are left with only 71,974,150 dinars left issued. This is a far stretch from the 25B that you even stated they said they need to get to. If they have 25T, and you redenominate though, that leaves you with 25 billion, just as they stated. Unfortunately, I do not think I stepped on my own feet here in this one, and I provided the proof to support that at least 6. You stated I did not answer this, but that is inaccurate, as the original statement was that any such lop would be a devaluation. The fact is, it would not be a devaluation, therefore this statement is false just based on that. Secondly, the redenomination would not be intended to make it the strongest currency in the region, and in fact, at the current rate, they have even stated that they have the strongest currency now. I explained that in number 4 above as well what htey mean by when they say strong. 7. This response by enorrste did not make much sense. They will be FAT with dinar... hmmmm... ok, so even if that was the case, and the UST gets all that dinar from us cashing in, it is not like they profited in it from the supposed RV. In fact, they would have had to pay for those dinars at the price that our banks dealer's etc, paid us for them, so essentially, this does not make sense, because if that were the case, then they could just pay for the war with that money that they would pay for the dinar with post rv 8. Enorrste's response is saying that he read where they stated the return of the iraqi currency to the real and normal. Well, sure, even if that is the case, they can change the rate to whatever that real and normal is, regardless if they get there by way of straight up rv, or a redenomination and rv, so this does not prove anything either. In the following response, and the CBI stating that they have completed 50% of the preperations, that is 50% of the preperations, but nowhere does it read that they already removed notes from circulation. They are talking about the plans, and and the analysis of the impact of changes, etc. You have not proven that they have actually removed anything. In fact, once again, I point you to the chart on page 18 of the annual bulletin for year ending 12/31/2010. There is nothing there that supports this to mean that they are drawing any notes in. 9. I am not sure how you can say that the rate that is published in the UN Operational Rates of Exchange is not a "real" rate, but ok, we will just have to agree to disagree then. The fact is though, this is not even what was stated in the original post. This is what was said: In 2003 when the NID was introduced at it’s initial rate, the previous currency was in essence devalued taking all wealth from the country to prevent funding of terrorism. Raising the currencies value will in essence, return that wealth now that the GOI is stable and economic conditions have improved. I was correct in stating that the rate was NOT devalued in 2003, and this was NOT done to prevent funding to terrorism. In fact, since that time, the rate has INCREASED in value, so this just not a correct statement no matter how you try to defend that it was a correct statement, and that was the point I was making. 10. I right away saw that you stated here "NO, THEY DID NOT!" about the Romania comparison.. Please see the below link: http://www.daraddust...61/Default.aspx " Saleh indicated that the currency current Iraqi formed a cluster of large cash and up to 30 trillion Iraqi dinars while the number of securities traded in the market to four trillion paper after it was cash block is 25 billion dinars in 1980, explaining that the largest currency in Iraq at the present time is equal to $ 21 and is unable to cover the payments large. He emphasized that the process of deleting the zeros and the currency exchange is the process of administrative reform of the currency, the Iraqi monetary and therefore does not affect the lifting of the value of things or change the income Iraqi individual, adding that people's fear of deleting the zeros is the psychological fear, as the process of deleting the zeros and the currency exchange applied in 53 countries, including Turkey, when you delete six zeros from its currency and Romania, which deleted four zeroes." So I appreciate your attempt and response but yes, comparisons to Romania HAVE been made, and there are plenty others as well like this. I will be happy to respond to all of the others as well though if necessary I do not want them to do like Romania, and hope that does not happen, but we cannot just deny that comparisons were made when explaining their intentions, but I do hope that they decide to go with a low RV, or do something instead of this.

1. Iraq did suffer from inflation. In fact, in 1999, their inflation was nearly 135%, and I would consider that a serious inflation problem. Inflation gradually went down, until they finally were able to get it under control around 2007, and maintained it since. Once inflation was brought under control, then they began discussing plans to redenominate their currency. So the reality is, that this situation did apply in Iraq as it did the other nations that redenominated. 2. In this response, I want to clarify, I never said the word LOP, I said they want to redenominate. Now, in your response to my response for #2, enorrste provides the following link: http://www.rferl.org/content/Iraq_Planning_Currency_Redenomination/1950504.html Let's take a look at the title of the article: "Iraq Planning Currency Redenomination" .. so, yes, this very article is specifically about a redenomination, just as I stated. The following 1st 2 paragraphs: BAGHDAD -- The Iraqi Central Bank is planning to redenominate the national currency in an effort to ease transactions and allow people to carry less paper money, RFE/RL's Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, told RFI that a plan has been made to remove three zeros from the currency and phase out the current banknotes late this year. So, this article actually supports my point that the definition of the 3 zero articles is a redenomination, and the very article that you provided even supports just that. In a redenomination, there would be a gradual removed as they are exchanged over an 18 month period of time, so that would happen gradually. 3.The response here does not make any sense, and is clearly taking the paragraph he posted out of context. The fact of the matter, regardless if they revalue to get to 3, or if they redenominate and revalue to get to that, it does not prove that this means that they plan to revalue vs redenominate. 4. Enorrste is making a distinction that Maliki and Shabibi is saying that Iraq will have the strongest currency in the middle east to mean the highest value in the middle east, but if you look at the articles where it shows that being said, we have even seen where they stated they HAVE the strongest currency in the middle east, and the fact is, we know they do not have the highest currency value in the middle east. What they mean by the strongest in the middle east is that they have a currency that is backed 100% by their reserves, not 80%,50%, 20%, etc, but fully backed 100%, which is why they needed to get the reserves to the 60B that they are at now. If you look at their total money supply, you will find that the value, is within that 60B. This is what makes a currency "strong", so this is why they can say that they HAVE the strongest currency in the middle east, because they do! 5. I did not step on my own foot in this one as Enorrste states in my opinion. All I can say on this one, is that you even stated that this is what Shabibi has been doing by drawing in the notes to get from 25T to 25B dinars. The fact of the matter, is if you removed every single note with 3 zeros on it, you will have no more than 72 million dinars in total circulation left. This is not even a fraction of the 25B you are stating they need to reduce it to. If they redenominated though, then dropping three zeros from 25 trillion would make it 25 billion. The fact of the matter is that your math does not work out here, while what I have stated matches exactly the numbers that they say they want to get to. Please see the link below: http://cbi.iq/documents/Annual_2010f.pdf This will show you the exact numbers of the currency issued for each denomination as of 12/31/2010 in their annual bulletin. Based on your theory here, if you define this as removing the notes with 3 zeros from circulation, that will only leave you with the following notes in circulation (in millions): 55,572 - 500 Dinar Notes (55,572 million x 500 = 27,786,000) 174,752 - 250 dinar notes (174,752 million x 250 = 43,688,000) 10,003 - 50 dinar notes (10,003 million x 50 = 500,150) So if we do the math, based on your theory, if they removed the 3 zero notes that were issued based on your definition, they are left with only 71,974,150 dinars left issued. This is a far stretch from the 25B that you even stated they said they need to get to. If they have 25T, and you redenominate though, that leaves you with 25 billion, just as they stated. Unfortunately, I do not think I stepped on my own feet here in this one, and I provided the proof to support that at least 6. You stated I did not answer this, but that is inaccurate, as the original statement was that any such lop would be a devaluation. The fact is, it would not be a devaluation, therefore this statement is false just based on that. Secondly, the redenomination would not be intended to make it the strongest currency in the region, and in fact, at the current rate, they have even stated that they have the strongest currency now. I explained that in number 4 above as well what htey mean by when they say strong. 7. This response by enorrste did not make much sense. They will be FAT with dinar... hmmmm... ok, so even if that was the case, and the UST gets all that dinar from us cashing in, it is not like they profited in it from the supposed RV. In fact, they would have had to pay for those dinars at the price that our banks dealer's etc, paid us for them, so essentially, this does not make sense, because if that were the case, then they could just pay for the war with that money that they would pay for the dinar with post rv 8. Enorrste's response is saying that he read where they stated the return of the iraqi currency to the real and normal. Well, sure, even if that is the case, they can change the rate to whatever that real and normal is, regardless if they get there by way of straight up rv, or a redenomination and rv, so this does not prove anything either. In the following response, and the CBI stating that they have completed 50% of the preperations, that is 50% of the preperations, but nowhere does it read that they already removed notes from circulation. They are talking about the plans, and and the analysis of the impact of changes, etc. You have not proven that they have actually removed anything. In fact, once again, I point you to the chart on page 18 of the annual bulletin for year ending 12/31/2010. There is nothing there that supports this to mean that they are drawing any notes in. 9. I am not sure how you can say that the rate that is published in the UN Operational Rates of Exchange is not a "real" rate, but ok, we will just have to agree to disagree then. The fact is though, this is not even what was stated in the original post. This is what was said: In 2003 when the NID was introduced at it’s initial rate, the previous currency was in essence devalued taking all wealth from the country to prevent funding of terrorism. Raising the currencies value will in essence, return that wealth now that the GOI is stable and economic conditions have improved. I was correct in stating that the rate was NOT devalued in 2003, and this was NOT done to prevent funding to terrorism. In fact, since that time, the rate has INCREASED in value, so this just not a correct statement no matter how you try to defend that it was a correct statement, and that was the point I was making. 10. I responded to this in my previous post.

I will be happy to respond, but just in a quick glance, I right away saw that you stated here "NO, THEY DID NOT!" about the Romania comparison.. Please see the below link: http://www.daraddustour.com/%D8%A7%D9%84%D8%AA%D9%81%D8%A7%D8%B5%D9%8A%D9%84/tabid/94/smid/433/ArticleID/57344/reftab/61/Default.aspx " Saleh indicated that the currency current Iraqi formed a cluster of large cash and up to 30 trillion Iraqi dinars while the number of securities traded in the market to four trillion paper after it was cash block is 25 billion dinars in 1980, explaining that the largest currency in Iraq at the present time is equal to $ 21 and is unable to cover the payments large. He emphasized that the process of deleting the zeros and the currency exchange is the process of administrative reform of the currency, the Iraqi monetary and therefore does not affect the lifting of the value of things or change the income Iraqi individual, adding that people's fear of deleting the zeros is the psychological fear, as the process of deleting the zeros and the currency exchange applied in 53 countries, including Turkey, when you delete six zeros from its currency and Romania, which deleted four zeroes." So I appreciate your attempt and response but yes, comparisons to Romania HAVE been made, and there are plenty others as well like this. I will be happy to respond to all of the others as well though if necessary I do not want them to do like Romania, and hope that does not happen, but we cannot just deny that comparisons were made when explaining their intentions, but I do hope that they decide to go with a low RV, or do something instead of this.

more responses with insults.. seems to the coincidentally similar M.O. I guess....

LouG, we know you are Kaperoni so you can stop the charade. Let's just stop with the bashing and taking things to a personal level when we should be trying to work together to share even if they are opposing views, the attempt I tried to make on DA and was banned for it. You began the attacks because for whatever the reason you fear saying out loud or typing that there are risks in this investment. Each of your responses have added little but to try to insult people. Let's stick to facts here, and the fact is that you have said nothing to prove that we should go running out mortgaging our homes to buy up since you guarantee a return! If you guarantee us millions than that would be the logical step wouldn't it, or would openly admit that this would not be wise since there are risks. Since you make such guarantees would you be willing to take responsibility for any losses if there were to happen?? If not would you explain why? Could it possibly be that there is some concern that maybe there are risks after all?

Essentially every single 3 zero article, but I will just use a more recent one as an example with a quote from the CBI: "The deputy governor of the Bank in favor of the appearance of the Kurdistan News Agency (Rn) that "the Central Bank of Iraq is working to issue new paper currency after deletion of zeros will be the class of 50 dinars which is equivalent to the current 50 thousand dinars." http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.aknews.com%2Far%2Faknews%2F2%2F274153%2F They all say the similar thing, as well as referencing Turkey and other nations that have re-denominated, not revalued in the past. In fact, I do not recall a single article referencing a revaluation. As far as the proof you just provided, that came from the Shabibi interview. Thank you for providing the quote, I respect your attempt at providing supporting info. I have to disagree with you though, because looking at that quote, I see nothing in there where he is guaranteeing anyone that it will revalue, or how this proves in any way that it cannot re-denominate, but maybe you can help clarify that for us since you are using this as a basis for your argument in this case. Thanks!

Well said carla... in a separate post I stated that we do not need to make things personal, but this is the way he debates. Tells people that they are guaranteed to make millions, and sells his text service so they will find out first when they will be millionaires, and then when anyone disputes the fact that there is no guarantee of that, and a redenomination is entirely possible, he resorts to insults rather than just disputing with solid info to prove how he was correct to begin with. It is not necessary, and counterproductive. When you post something making guarantees, and someone asks for proof, and you cannot provide that, no need to insult, just respond with the proof, admit that maybe the response has a pretty good point and commend people for thinking things through, or not respond at all, not a hard concept to understand in how to have a healthy, and informative debate.

Once again, a perfect example of a poor translation of something written. Let's try this one more time, I implied nothing, I flat out said it, the CBI wants to redenominate, IF that happens, we have yet to see how it will all play out, but never once have I stated it WILL happen that way. I think that it may be a very likely possibility and scenario, but I do not guarentee anything like you are saying with guaranteeing millions. If I felt that way, I have no problem in saying that without needing to imply anything. I do challenge you to show me where I have stated anywhere that it will definitely redenominate, and made any attempt to prove that is will definitely redenominate, other than proving that it is in fact a possibility that we need to consider and plan for, not lie to people and tell them they do not even need to consider it as remotely possible even. Nice try, but please try again

Just to clarify, I never said that will happen, I have, and am saying that is what the CBI wants to do, and has stated that for years, but if they are going to be able to follow through with that, that is yet to be seen, as we do not know what will happen until all is said and done. It is Kap that is saying that there is no way that it would happen, and guarentees millions to be made to his members by saying that it definitely cannot and will not redenominate, while in these posts, nobody is saying that it definitely will redenominate. So, it is important to note WHO exactly is making guarentees here. The funny thing though, is that while Kap makes these guarentees, he himself stated "Nobody knows anything until the CBI does it's job." Yes Kap, that was a quote from Kap in his post on 11/23 at 12:28 AM on his site responding to a post about his 10 reasons post. If you make guarentees to people that they will make millions, then you really screwed the pooch when you follow up a statement like that with saying nobody knows...

This may be the funniest response I have heard yet.. I am not sure how you can interpret this to be anything else, or how you can in any way support that this means anything other than talking about new 50 dinar notes, NOT the current. I am also not sure how you can say anything was debunked with you saying that new currency in 50 dinars means something different than a new 50 dinar currency.. can you please elaborate a bit on this one for us though, and explain to us what you think this means then?

Well he seems to do quit well understanding it. And i think you need to stop posting negative comments about others to make yourself look better. It's not working. You better hope for a RV, then you can get a facelift. hmmm.... start with better stop posting negative comments, and end with a negative comment yourself... hypocrisy is not a good argument to support your credibility...

LouG, you stated: "They have already reduced the money supply by collecting the majority of the 3 zero notes in Iraq. That is a fact." Do you have anything to support this is a fact? Once again, this is being said, without a shred of evidence of this being provided. Will you please provide the proof you have of this, because I agree, this is an interesting statement, and something to consider if true, so I would to see where you have come to the conclusion that this is a fact. Now we are getting down to good information being shared if you can prove how this is a fact! If you cannot, then it only proves that once again, more unverifiable info is being disseminated out there being used as support for the pumpers. Thanks!!

Okay LouG, let's quit pretending, we all know you are most likely Kap under a different name. I tried to entertain the idea of sharing our opinions with someone new, but it seems pretty obvious who we are talking about... Also, about what you are saying of the 50, are you trying to tell me and all of your fellow investors that the following statement means that the existing 50's will be worth $43: "According to the information published (Rn), two days before the central bank is working on the version of class 50 thousand Iraqi Dinars. Category that occurs while the Bank issued in the future is 50 dinars, and this is done after deletion of zeros. " http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.aknews.com%2Far%2Faknews%2F2%2F274153%2F You stated "I dont think that is quite right, they refer to a 50,000 note and a 50 note being worth $43. And i don't think they ever stated they were issuing a NEW 50." This is just not correct, in fact, look at the title of the article itself: "Corrector - Iraq plans to issue a new currency in 50 dinars after deletion of zeros" ... so I am sorry to inform you, that you did not even get as far as going beyond the title of the article before you are proven dead wrong once again, so please read more carefully before you decide to go on a anger ridden tirade because you were proven wrong. It is ok, this is how we learn from one another, or at least how we SHOULD be learning from one another.

Well said, my sentiments EXACTLY.. this was another poor argument used to support what is happening here in my opinion. I think that if you are going to earn profits on any dinar related type of product or service, you need to be very careful about how you put information out there. If you are out to do something to destroy something you hate, then don't allow yourself to become the very thing you hate...

LouG... I think that you completely misunderstood. Nobody said that there would be a devaluation. In fact, if you read my post, you will see that I specifically stated that a re-denomination does not equate to a devaluation. Can you please explain why you seem to think that is the case? I would like to hear an explanation to this thought process that a re-denomination would mean a devaluation. In fact, the dinar would be much if they were to re-denominate. At the end of the day, it may result in a break even outcome for dinar holders, less dealer fees, delivery, etc, but that is not a very bad risk of you ask me. I do agree with you though, that it is unlikely that they would devalue, meaning that they go from 1170:1 to let's say 1300:1 for example, or if they were to re-denominate, they would have a new rate under .86, so actually, I think we are in agreement here. It sounds to me like you may not fully understand what a re denomination is, and how that would affect us as investors in this currency. If you do understand it, and I am wrong in my definition that I have explained in my initial response, then I would appreciate your explanation on this. Thanks!

LouG, I understand that no matter what you are told by Kap, it must be true, because you are afraid to ask him for proof, or you do not care for proof as long as you are bring told what you WANT to hear regardless of the facts. Let's make it clear here and now, I am not saying it will re-denominate, I am only saying that this is what the CBI has been saying they want to do, which happens to be opposite of what Kap was saying. Please see #8 in my response post, and you will see I provide some examples of this, facts that you are obviously ignoring for some reason. If you want to insult me, or tell me my information is false, OK, I will respect your point of view, but I will ask you this then... Can you go through, and create a counter post then. Please tell me how each of my responses are inaccurate, and these reasons really do prove that a re-denomination cannot occur. In fact, I encourage you to show us all how I am incorrect since, as you say, "I have no skills", and enlighten us how I was wrong, and the point Kap made does prove what he was saying here. It would certainly make me happier knowing that we are guaranteed millions without any risks as you apparently think. If you cannot prove that the details I provided, the links I shared, the information I shared does NOT show how Kap's reasons were not true, then maybe before passing judgment, you should stop and think about what you are criticizing if you cannot prove it wrong for yourself. I promise, I am not a bad guy, just someone that wants to help, and make sure we are all thinking about the risks as well as the rewards in an investment like this. I look forward to your response LouG, otherwise, then I hope we have a chance to chat sometime, and maybe you will come to realize thinking of the risks and facts does not make me a bad guy. It it offends you that me saying that Kap does not allow people on his site to discuss the risks, and he will ban people for doing so, then I apologize. I do not mean to offend, just inform, regardless of the lack of skill you want to say I have. I did put plenty of effort is supporting my facts... now can you?

Thank you for the comments. I understand your point here, but the fact of the matter is that Kap IS in fact part owner of that website. In fact, Kaperoni was a moderator with me over at the DD Tidbits site, and the truth of the matter is that he left that site to start his own site with Bob specifically because he was upset that another site was the it giving him a cut of the action. He went an opened that site of his with the very specific intention of making money and taking customers away from another site because he was not getting paid for his services. We as Mods never ask for any pay, nor should we. I know I do this on my own time just to help bring to light the facts about this investment and to help others, and in the meantime help myself learn a little more about this investment. I do not know what those ads on Tens site bring in, but I can tell you this..... they do not pay for the costs of running that site, and it cost Ten more money that she will probably make to pay for it, however she does it with only 1 intention, to bring facts and truth. Additionally, if you notice, there are no ads for any dealers, or any special interests that would give anyone on that site any incentive to put information out there that would create any false sense or urgency to buy anything. I am not an owner of any site, I just want to make sure I am getting the facts straight and my friends are not being misled as well, especially in the name of selling texts etc. So you find it a bit odd that when you go to Kap's site, if you mention anything that is not pumping an RV or say anything that may take from the sense of urgency that an RV is around the corner, you will get banned. That is precisely why no Ten and I were banned. Not that it matters anyway, as I can post the facts anywhere so I do not need to do it there, but I do find it funny how sites that worry about the true risks of this investment getting let out to their members, are also sites that have something to gain by creating the sense of urgency. Make people think that an RV can happen any moment, and they will rush to buy his RV Text so they do not miss out, which is why he is sure to make certain before everyone of his posts in his room he always starts out with reminding people to go out and pay for his service and then begins with posts like this that distort the realities of this investment. I respect your opinion, and I also respect that some people just want to make a buck, which I know for a fact that is specifically why he created that site, but as I said in my response post, it should not be at the expense of truth by telling people there is absolutely no risk of redenomination, especially with this poor list of proof as to why he thinks that, and if people can dispute those reasons as I have, maybe it would be wise not to ban people from his site for having a valid opinion or argument. I appreciate your reading my response and giving it thought though. I swear to you, that I have nothing to gain by sharing any info or thoughts, I only want to help my friends in this investment, and myself learn as much as I need to in order to be able to both plan and protect myself, no matter the outcome, and Ten gives me the opportunity to do that without cramming some service down my or any of the members throats to pay for any service. If a site IS going to do that, then at least have the integrity to not distort the facts.