proteus

DOC, That was one of the points I was hoping to make behind this post... read everything, believe far less, execute what works for you so like DOC Said: SHOP AROUND as you will not know, what you have, until you ask! IMHO, I simply suggest you wait until the time is right, to ask obvious questions like I tried to avoid, BUT, this was the truth... it happened to me! and most of all... I agree that: BANK EMPLOYEES are not told anything more than they need to know to do their daily job, BUT, because someone seems oblivious to the questions you are asking, does not mean that they do not know the answer to what you asked! BEST WISHES... Proteus

Ok Friends, Here ya go... I listen to Tony Breitlings audios regularly, as I like his logical train of thought, So, I learned that asking the right questions will get you the right answers.... and that regularly he states that when he cashes in, he's just going to go to BofA, and that regularly everyone says it so much cheaper to go to ALI or other places, that only charge a FLAT RATE for the exchange(Ali says $150 per Million IQD), instead of going directly to a local bank of my choice... everyone has heard this... Well Now here is my story... I have avoided getting involved in Rumors or BANK STORIES, on purpose, cause I hold my cards close to the chest in games like this... So today the Bank of America is open from 9am to 2pm on Saturdays, and I go in to cash a check, and use my debt card to avoid monthly account charges! So my friend is the Bank Manager in this branch, not a teller, not a greeter, THE MANAGER... and I'm thinking to myself, How can i get some good currency Info(Reliable Info), and not tip my hand to them, so i start the conversation asking about random currency exchange questions and policies, knowing that I do not want to explicitly ask about the IQD, i ask about currency exchanges in general... Questions like these... "What does the bank charge for a percentage on currency exchanges?", "How do they get the rate or updates on the rate?", "Who designates the rate of exchange?" and "How does the exchange occur...CASH?...ACCOUNT DEPOSIT?, HOW?" So here is what she answered me to the questions I asked... "What does the bank charge for a percentage on currency exchanges?" "She Said: that the bank does not charge a percentage to exchange currency, it is an even exchange for the rate!" "How do they get the rate or updates on the rate?" "She Said: Every Morning they get an update from the TREASURY!" "Who designates the rate of exchange?" "She Said the FED is the one that designates the RATE and it is updated daily, every morning!" "How does the exchange occur...CASH?...ACCOUNT DEPOSIT?...DAYS WAITING TO BE AUTHENTICATED... HOW?" "She Said: The exchange is made at the teller window, They have a big book listing all acceptible currencies, and unless it is done by a drop deposit transaction in the drop box, or by a private banker, which then the transaction is done privately in a confidentially stall, for the customers benefit, and that usually for larger transactions an appointment would be nice to schedule ahead of time, but the appointment is not needed if the customer would like to wait for their turn, in the banks waiting area!" SO, being myself, an inquiring mind... I went on to ask more questions, I still did not mention the IQD, as I did not want her to clam up and feel uncomfortable .. So I asked: "How does the bank make money on the transaction if they make no percentage on the transaction?" "She told me that the rate comes directly from the FED and they payout that specified rate, but that the rate they pay, does not mean that, the rate paid to customers is the same rate the FED pays the BANK for redemption of the currency!" We also talked about the spread between the BUY and SELL Prices, and "How to BUY CURRENCY the buyer pays the SELL RATE, and to SELL CURRENCY the seller pays the BUY RATE, and How confusing this process was to the average customer... SO, Seeing my chance to clarify this further I made an analogy to her... I said: "So it is kinda like Pop Bottles, the deposit rate that i receive from the bottle, is like the FED rate that banks pay directly to their customers for the transaction, and as such, the store who redeems the Pop Bottles is not doing this for free, they have employee labor involved and temporary storage, as well as liability while in storage, and so, the Distributor or Bottler whom buys the Pop Bottles back from the store, Provides them a greater rate than the pay-out transaction rate, that the customer receives from the store!" She Said: YES, Exactly, that she had never thought of it like that, as she never considered the comparison, but that this analogy I provided her was an excellent example of the process, that the BANK experiences!" SO, the moral of the story is: That the FED can set whatever rate they want to redeem foreign currency, and that the IMF sets guidelines to the rate, but that does not mean that the FED has to offer that rate, they could offer more or less, just like currency traders do, and just because standardized rates are stated by the FOREX or IMF or CENTRAL BANK, the FED can specify any rate it wants, and if you do not like the rate of exchange, you can exchange the currency to another exchange source, on the open market! Understandably, like any other thing in life, the value of anything is what it is worth to whom wants it... and the fact is, that BANKS can not exchange your money and then take it to a foreign country to trade it in, THEY MUST use the FED as the Middle Man for the transaction to get their money back, Simple as that... and the bank does make a profit on the transaction, outside of the stated rate of exchange when they redeem it to the FED... PLEASE UNDERSTAND, this is only BANK of AMERICA practices, or so I was directly told by the BANK MANAGER, other banks could and probably do have other practices internally, and other policies specific to that bank! BUT when the time comes, "Do Not Be Afraid to go to your bank and ask what the percentage is on the foreign currency transaction?" BEST WISHER, Hope this helps, Proteus

AS LONG AS: The ministers have not been voted on by Parliament, and as long as NURI, fills both positions... PM and SECURITY Minister, the facts are: There is NO COMPLETE GOI... Officially (Do we need a full GOi to RV, I don't know!) BUT, It is up to Iyad Allawi to propose and for Nuri Al Maliki to choose from the selections.... As long as Allawi and Maliki dis-agree, completing the GOI is mearly a crap shoot, with no winners! The Political Posturing that is going on in IRAQ is similar to the US Debt Ceiling debate... The surface appearance is not what is happening behind closed doors... Well this is My Opinion... of this situation.... We just have to wait and see WHOM is the best CHESS Player, and WHOM really controls the Chess Board...

Although the SOUTH SUDAN CB has issued currency, I read somewhere that their currency is temporarily being backed by the NORTH SUDAN CB, I wonder if this has anything to do with the rate... it was a weird article that I read... but it did say south had temp support from the north!

I must be border line, I think I have 50/50 friends... my parents and their friends are all "R", my son and his friends are all "D", I just want SOMEONE to do a better job than the last 4 president's have done... Cheers,

I'm not sure if this is what you want... BUT here is what happened today at the UN concerning IRAQ...! http://www.un.org/News/Press/docs//2011/sc10345.doc.htm CHEERS,

I was 3rd Battalion, 3rd Marines, but I do the pacific theater, not the land of sand, so i guess my answer is NO to IRAQ...!

Just a random question considering we all are looking forward to the RV.... I was wondering what political party is the most involved in this investment... PLEASE NOTE: I did not ask "YOUR POLITICAL AFFILIATION", as that is private preference... Do they have: The "R" values The "D" values, or The values of "TP" :blink:

Now that it's DONE... Take your shoes back off, and get back into the Kitchen... :lol: :lol:

CNN has it live also from Maryland...

as soon as BofA has to start to paying salaries for the 6000 wealth managers they just hired... You probably see the stock reverse it's trend... that's a lot of overhead to add all of a sudden for any company! :D

HEY, Guru's and Yahoo both...have a "5" and a "2" in the answer.... How close do you really expect GURU's to be... :lol:

Like they say: Women and cars are somewhat the same... (1) Find out who the previous owner is, (as it might have had an abusive owner, which is detrimental to the product) (2) Check the actual miles on the product, ( as the mileage meter might have been rolled over and all the parts are loose as hell) (3) always take a test drive, (as it might have a great appearance, but usage of the product might be terrible in performance!) and prudent common sense dictates, that if you pay attention to these three rules, as chances are: by using these rules, you will obtain what you actually want to end up with!

YA... It had to be OBAMA PERSONALLY that was the cause for the Shuttle Program end... it couldn't have been the 30+ years of missions, or the need for a NEW type of space vehicle, or even that using the shuttles that we have, only limited us to lower space orbit.... Can't be any of those things... although we could not ever get back to the moon with the with these shuttles.... DARN that OBAMA and his PERSONALLY shutting down the Space Program... BUT, do ya know what "HELIUM-3" is...? well it is very abundant on the Moon... and one shuttle bay sized amount of it would run the US's energy needs for a year.. it is a better nuclear fuel than anything we have on earth, and has no bad ramifications... My question is: WHY DO WE NOT GO AND GET SOME OF THIS...? We are the only country that has this capability to retrieve it, But dang it... BUT, We would need another type of LUNAR LANDER VEHICLE to do that... That DARN OBAMA...!

+1 only 91 more to go! I'll follow AoK on this... MGRMGRMBR there ya go ... Hope it helps...

We just need to see what the outcome of this meeting is, and what actually is said as the end result of this meeting...

Here it is LIVE... http://www.un.org/webcast UN WEBCAST - LIVE

So I was driving around my local town, and i see this Huge Fenced in area with a BIG NEW SIGN, it say's: WORLD RV "Larry's got his, Get yours now!" "Stop in for your RV Today" (this was the 1st sign of the impending RV we want) then about a half hour later still while driving, A guy in a white van pulls in front of me suddenly, and on the back of his VAN, it say's: Mobile RV Service call (541)###-#### (I'm thinking, when this thing actually happens, Banks will come to us for our business) Then on my way home about an hour later, I'm looking at a motorhome I was following, and right there on the Bumper was this BIG STICKER.. it say's: goRVing (and this is proof that even people in the slow lane are supportive of this RV happening!)

I guess I am with GoldenGoose and TamiFlyer on this subject/post, Just my opinion... And, GoldenGoose... Man you are the most Diplomatic Speaker I have heard in a long while... Reminds me of all the seminars I was forced to attend in my youth, and so, well either way, however, and for what ever reason.... Those darn Seminars probably did me some good, and I thank you for bringing back good memories of my youth! Thanks to both of you, for your contributions, and Great RV Spirit !!! Best Wishes, Proteus

If i read this correct ... it is over 4 USD to 1 KWD 1 USD = 0.2403 KWD 1 Dollars = 0.2403 Kuwaiti Dinar The USD/KWD rate as of 17 Jul 2011 at 2:46 AM is that correct?

HERE YA GO... The LINK... http://www.pacificrimbank.com/DINAR.HTML PACIFICRIM BANK - WEBSITE LINK

KWD rate has changed! « on: Today at 09:54:22 PM » POSTED FROM ANOTHER SITE http://www.exchanger...rsion-page.html 1 USD = 0.2403 KWD 1 Dollars = 0.2403 Kuwaiti Dinar The USD/KWD rate as of 17 Jul 2011 at 2:46 AM Day Range: 0.2403 - 0.2739 USD 1 5 10 50 100 500 KWD 0.24 1.2 2.4 12.01 24.03 120.13 INVERT currencies? Kuwaiti Dinar to Dollars Dollars to Kuwaiti Dinar History Chart: 7D | 1M | 3M | 6M | 9M | 1Y Saturday 16 July 2011 1 USD = 0.2739 KWD Friday 15 July 2011 1 USD = 0.2738 KWD Thursday 14 July 2011 1 USD = 0.2739 KWD Wednesday 13 July 2011 1 USD = 0.2741 KWD Tuesday 12 July 2011 1 USD = 0.2755 KWD Monday 11 July 2011 1 USD = 0.2747 KWD Sunday 10 July 2011 1 USD = 0.2745 KWD :blink:

POST FROM ANOTHER SITE... Here is a chart from the FOREX-LIVE... possible what is in example of this post... The currency market is closed (which should be a flat line) but since late Friday night we have been seeing an abnormality of a type of pinging or syncing. It may be nothing but the dinar rate is bouncing from the closing rate of 1177 to 1032 almost hourly. This can be seen on live Forex or TorFX chart Post by Kaperoni at cXc

I believe this is GREAT NEWS, Whether they RD or not, They still have to PULL the 000's Bills off the street, they need to do this to have funding equal to release the new smaller denoms... Thus chances are that they will trade 1 to 1, OLD dinar for NEW dinar, then appreciate the value of the New dinar smaller denom's... This method is exactly what happened in Kuwait, also the same when Paul Bremer revalued currency in Iraq, citizens had time to exchange OLD Dinars for NEW Dinars, 1 to 1, then after a set amount of time the OLD Dinars became useless, it appears that History could repeat itself.... ALSO,, Since IRAQ seems to be modeling their currency similar to the USD, it it only logical that they could model the change over policy, the same as history has proven it to have happened... Shabibi said: " issue dinars with lower denomination and higher appreciation." He never said "PRINT" new lower Denoms, HE SAID "ISSUE", the NEW LOWER DENOM's are probably already printed, The question is when will the initiate issuing them! IMHO, We need to watch for: M2 in circulation dropping, (which just dropped 3% yesterday) Inflation rising approx. 7.5% or higher,(which is very close now) Taxes/tariffs activity of bi-lateral pressures at ports,(taxes and tarrifs were just passed this week) these indicators will push Shabibi to pull the trigger. Just my on the post...

Iran also has declared that they will RENAME their currency, but they are not telling anyone what they will rename it to... PLUS, if IRAN takes off 0000's and IRAQ takes off 000's then I believe that both of the two currencies, are about the same value or a close proximity.. DOES anyone know if this is true? I wonder if this has anything to do with a common GCC Currency?