DrPitts

LOL. Butkus, I was just kidding. But now I see that you had no way of knowing that. No negativity was intended. I am now sending you positive vibes to make up for it.

Now this site has become a personal journal for people's feelings and emotions? Save it for your dream journal. Paint the rest of your toes and share the color with your Ya Ya Sisters at the next book club meeting.

LOL!!!!! Hilarious!!

The answer has been covered in previous posts. It's a good question. It's not as simple as the two governments settling up like it's the end of a poker game. It has to do with digital numbers, fractional reserve banking, oil, debts, credits, and a partridge in a pear tree. I don't know where the previous post is. But if you dig around you'll find it. There's a long answer floating around somewhere that explains it clearly in plain English. If not on this site, you'll find it on other dinar sites. Sorry I couldn't help more. But the answer is out there.

Vizio, thanks for the post. Good stuff. Since you seem very knowledgeable on the subject, specifically numbers, I was wondering what you thought about the idea presented in the latest DD radio show: that the RV isn't going to happen until China says so. And China will only say so when the Euro is up to around 1.50 instead of around 1.38 which is where it is right now. If this is true, what is it that China has to do with all this? investments? loans? debts? Just thought I'd ask since I want to understand China's role better, if in fact their role is pertinent. Thanks.

For the people pushing false information, a word of advice: none of you seem to ever "know" the rate. You (all) always say "the RV is happening in a day/minute/week for SURE. But you never know the rate. You might as well throw in a made up rate if you're going to push false intel. You'll catch a lot more fish in your net that way.

Yes, it's all good, my friend. I wasn't arguing, just throwing out ideas. I agree with you: until the RV hits home, nothing else matters. I have voices in my head, too. But the doctor said they should go away in time.

That's a very good point. I've ordered COD from DT 4 times now and it's the same driver each time. If the drivers are catching on, millions of dollars is enough for some of them to "lose" a package.

I didn't write that it had to be available "during business hours" around the world. I wrote that it had to be available for trade/investment/sale/whatever at the same time. In other words, it can't creep across the globe from one time zone to another. It will happen when both the Forex and the CBI are open for business. Okay, assuming this is true, do you think that the largest financial event in our history would occur in such a fashion? That being, Iraq will say "to heck with the international community", we're going to RV on a limited basis or however we want since it's OUR money.

Rudy has already addressed this a long time ago. It would be against IMF policy and every other involved organization's policy to do this. The currency has to be tradeable to the entire world all at the same time once it RVs. It would be like Microsoft went public today and only Americans could invest. And then next week the rest of the world could invest.

There we go. A new topic for pumpers to latch on to....the "chips". How long is this going to last? I guess until the next idea pops up. How about this one: Daylight savings time is coming. They HAVE to RV by that date because the lost hour will screw up all the clocks and will reset the computers and if they don't RV it will be like the Y2K scare. Also, My friend who is a janitor in the parliament building overheard a secret meeting and they said the new rate will be $6.66 and it will happen on June 6 at 6:06pm.

yay! I was worried all day! With no one to tell me an RV is coming on Monday, I had no idea how to plan my week. This is such a relief. So now, Monday's schedule looks like this: laundry, dogs for a walk, grocery shopping, quit my job, cash in my dinars, buy a house a car and some shares in the brooklyn bridge. Go RV!

Levive, I won't ever sell back my dinars unless the RV happens. However, I agree with your post. There's no more "events" to use to say the RV is "tomorrow". I personally took a deep breath on Mar 1st and decided I'm done with the hype. For the most part, the only website I care about is the CBI. No more ups and downs from message boards. The CBI will tell me if it's time to be happy. No more conference calls or so called experts. I also agree that it has been entertaining at times. So many of these dinarians have been hilarious.

I actually thought it was kind of funny. Especially since I know the guy. Well, I don't KNOW him. But a friend of mine has a cousin who's sister works at a pet store and a parrot in the pet store backed up his story by saying over and over again...."RV tomorrow....aaaaaaah.......RV tomorrow!"

You are so far away from making sense. Did you actually read the first document you referenced? Or were you just looking to create some drama on the message board? That first document is simply a study. They tell you why, FOR THE PURPOSES OF THE STUDY, that they use a rate of 1.134 dinars per dollar. This is not a real-life application. The letters of intent are also not a projected plan for an RV. You have taken paragraphs out of context and somehow magically applied them to an RV plan.

This is copied from www.thebhgroup.org. But it's also available on other sites. You pose a good question and this should help. Economist RV Explanation Here’s the executive summary of how the exchange should work with IQD owned by a US speculator: (1) IQD is released internationally with an exchange rate of $1 USD = 1 IQD (2) IQD is exchanged by Mr. & Mrs. X at Bank Y. Their exchange value is credited to their designated financial account, Bank Y forwards the IQD currency to the Federal Reserve and Bank Y’s account is credited at the bank private exchange rate. Yes, the banks will have a private rate and then they will add their profit spread to come up with their public rate. By law this bank spread could be as high as 8%, but it will be a competitive marketplace and the banks know investors will shop around. There is a possibility that there might even be a three rate structure (i.e. Treasury Rate – Bank Private Rate – Bank Public Rate) imposed, but he had no input on that subject. (3) The Federal Reserve adds the value of the exchanged IQD to their foreign currency reserve accounts and destroys the actual physical currency under agreement with the CBI, which serves to reduce the total IQD physical currency in circulation. This build up of the foreign currency reserve accounts serves to strengthen the USD in the marketplace, because heretofore the US has never held significant foreign currency reserves, because there wasn’t any country whose currency was perceived as being equal to or stronger than the USD. The IQD with it’s commodity (oil+others) base, potential for agriculture growth and aggressive private development growth, has the capability to become the most valuable currency in the world in the 10 years after it’s revaluation and approval as an internationally recognized currency. Other countries have lots of oil, but they can’t feed themselves, they operate under a monarchy or religious tribunal and they have no private development system in place. (4) Mr. & Mrs. X tithe to their church, local charity etc. which stimulates activity in that sector. They pay off their debts, making currency available for re-lending by their creditors. They buy a new house and car which stimulates their local economy and set up a conservative investment portfolio which adds capital to the investment markets. They also pay their estimated taxes which increases the cash flow to the US Treasury. (5) The Federal Reserve under a controlled redemption plan supervised by the IMF, will use it’s foreign currency reserve IQD account to buy oil for the national strategic reserve, DOD reserves, other country reserves as part of international support agreements or resell it to private oil companies etc. This gives the Federal Reserve a powerful market force capability to control the supply/price of imported oil which has far-reaching economic and national security implications. The economics of this scenario look like this, using the exchange of a 10,000 IQD Note with a two-tier 2% bank exchange spread as an example: (1) Mr. & Mrs. X get $9,800 credited to their non-interest bearing checking account. (2) Bank Y gets a $10,000 credit to its Federal Reserve account, and by adding the $200 profit to their capital account, allows them to increase their lending cap by $2,000 under the 10% fractional banking model. (3) The Treasury gets $3,500 in estimated taxes in the quarter after the exchange, because Mr. & Mrs. X are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the net cost of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). (4) The Fed’s designated agent, at some point, orders $10,000 worth of oil from Iraq. Payment will consist of a 10,000 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. (5) The $10,000 order is filled with 200 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35) (6) The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to 10,000 IQD (which had a net acquisition cost of $6,500 USD) for 200 barrels of oil (which has a net cost to produce of $130 USD. Simply put, it cost Iraq $130 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $10,000 worth of oil for a net cost of $6,500. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.) Now let’s really stir the pot by: (a) Having the DFI ($280+ Billion USD) plus other frozen assets (estimated at $100 billion) turned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. ( Then change the current fractional IQD reserve requirements of 100% to 15%. That just raised the total potential money supply value to $2.8 Trillion (430 billion/ 15), while at the same time the total physical IQD in circulation is being reduced by removing the large bills with the 3 zeros. © Also execute the plan Iraq announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. (d) To add a little more intrigue have the CBI continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market, think of their impact in public markets. We leave it to your analytical ability to determine how high of an RV exchange rate IRAQ can really support. There is strong political pressure to set the initial rate at $3.22 USD = 1 IQD, so it can be proclaimed that IRAQ has moved back into the International community of nations and has re-established it’s currency at the internationally traded rate in effect before Saddam invaded Kuwait in 1990. Frank26 zip code is $3.21+ as I remember, which is suggested is the same exchange rates cabinet ministers reportedly used to project the 2010 budget. VERY INTERESTING! You have to love it when a plan comes together.

So silly. People want to think the new rate is embedded in the budget like its the DiVinci Code. Budgets have to do with projected income and expenses. Not finite numbers. How is a rate determined from this? Especially when these numbers are given a lot of flexibility, like the price of a barrel fluctuating or oil production fluctuating, for example.

go to www.thebhgroup.org and listen to their past conference calls. Rudy is a currency expert and explains the answer to your question in detail. I don't remember exactly which conference call it is. But it was within the last 2 or 3 weeks.

United Nations Treasury - The United Nations Operational Rates of Exchange Disclaimer The Operational Rates of Exchange listed herein are intended only for the internal record-keeping of the United Nations. No warranty of accuracy can be given and the United Nations shall not assume any responsibility in connection with the present publication of these rates. Generally, the rates are updated monthly, based on market conditions. Adjustments are also made following official government devaluations or revaluations.