WesParsons

Christ is my lord and savior, I was born again October 17, 2001. As for me and my house, we serve the Lord.....we do not put false faith in men. We do not put people on pedestals. We do hold people accountable to their actions and their words. That doesn't make me a Hater.

Those guys are the craziest bunch of zealots the world has ever seen! If any post on any thread contradicts anything the one and only true god STEVEI has ever posted then it's instantly deleted without warning, and if someone saw it, then the entire thread is pulled! And if that person comments somewhere else about it, then they .....'disappear'....forever... Hero worship is one thing, those guys are on a par with the Heavens Gate cult...here comes the comet spaceship to take us all to our new home, drink the death juice so we can hurry on up there.... For a bunch of so called "Christians" they have placed Steve up there as an Idol and they are worshiping that golden calf! It'll be the ruin of hundreds of good people caught up in the blind obedience to all things steve.... there should be a label or check point you have to go through to get to that site...."Be ye warned all who enter this place! There shall be no quarter given against ye, should ye find yerself on opposite side of the almighty steve!!!" wow, these 3zero articles have them doing damage control like crazy

Links for those who need them Article 1 link for article 1 and Article 2 link for article 2

Billio I believe both denominations will co-exist for however long it takes for the larger bills to be collected through the banking system as to remove them from circulation. As a business makes it's deposits, they will pull the larger bills and replace with smaller denomination ones. no no no. the debt has an associated value to it, but it's not defined by the printing on the money, it's defined by the value of the money if I owe you 100.00 bucks it's a hundred bucks, doesn't matter if that's 5 20's or 100 singles or 400 quarters I think I understand what you're saying (and maybe this is the crucial point at last) What I hear you saying is that if they delete the 3 zero's the money is going to be even that much more worthless meaning: today a 25,000 note has an exchange rate of 1170/1 would cost an american about 22 bucks (for arguements sake) if they drop those zero's and make that 25K note only a 25 note that american investor now holds something worth only .22 cents in essence making things much much worse than what they currently are and causing folks to need a ton of cash to do anything. My understanding is that instead : The raising of the 3 zero's is a decimal place issue. Issuing a 25 dollar dinar and having that being equal to the current 25,000 dinar in value means also moving the other side of the exchange rate by 3 decimal points simultaneously. The rate of exchange has to go up in order for that 25note to match the 25K note so that they can maintain the same value. This is not a revaluation of the currency though, it's simply the math needed to maintain the current currency valuation. Wes

Iraq News Iraq’s Central Bank plans to delete zeroes of Iraqi currency. Friday, June 24, 2011 11:23 GMT Iraq’s Central Bank announced on Thursday that it is planning to delete the zeroes of the Iraqi currency. This step is one of the bank’s strategic missions; the Central Bank said adding that the new currency will include the Kurdish language in addition to the Arabic language. “The zeroes that were added to the Iraqi currency previously constituted a large money supply up to 28.500 trillion Iraqi Dinar and 5 trillion banknotes”, the advisor of Iraqi Central Bank governor Mothahhar Mohammed Saleh told Alsumarianews. “The Central Bank has prepared all requirements needed to delete the zeroes of the Iraqi Currency”, Saleh said. “This step is one of the Iraqi central bank’s strategic missions. The monetary policy of the bank aims to structure and reduce the currency in a country moving towards an economic phase”, he added. “The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens”, the adviser of Iraqi Central Bank governor said. “The new currency will be printed after deleting the zeroes and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures”, Saleh noted. On June 19, Iraq’s Central Bank Governor Sanan Al Shebeibi affirmed during the meeting of independent commissions with Prime Minister Nuri Al Maliki that the bank is preparing all requirements needed to replace the Iraqi Currency. Iraq’s Central Bank has four branches including Basra, Sulaimaniah, Arbil and Mosul. It was founded as an Iraqi independent bank by virtue of Iraq’s Central Bank Law issued on March 6, 2004. The bank is responsible for the prices stability and the implementation of monetary policy including exchange rates, the management of foreign reserves, the issuance of currencies and the organization of the banking sector. Article 2 BAGHDAD -- A senior Iraqi Central Bank adviser says the government has adopted a two-pronged plan to restructure the national currency in order to facilitate large transactions and make government accounts more efficient, RFE/RL's Radio Free Iraq (RFI) reports. Mudhhir Muhammad Salih, a member of the bank's advisory panel, told RFI on June 23 that in the short term, larger banknote denominations of the dinar will be issued to simplify major transactions. He said that because so many Iraqis still deal mainly in cash, it is cumbersome to carry bags full of money to pay for expensive items like cars. The inconvenience leads people making such purchases -- as well as many entrepreneurs -- to use dollars for those kinds of transactions instead of dinars, something the government wants to end. He added that large denominations equivalent to around $100 will be issued to simplify major purchases, and new coins and lower denominations will be introduced for smaller transactions. In the longer term, Saleh said a redenomination is needed wherein three zeros will be dropped so that the 25,000 Iraqi-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note. He said the change is inevitable, considering the economy is expecting high growth in the coming years with a planned increase in oil production to finance reconstruction projects. Saleh said there are currently some 29 trillion dinars in circulation in Iraq, represented by some 6 trillion banknotes of various denominations, most of them quite small. He said this also causes complications for the central bank and government, as well as commercial accounting departments. Saleh said the monetary-restructuring plan was drawn up with the help of foreign experts and financial institutions, including the International Monetary Fund (IMF), of which Iraq has been a member since 1945. The plan will soon be presented to the cabinet, which is expected to subsequently send a bill to parliament. Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar/$3.3 compared to $1/1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein's reign. They're busy over there today! and it flat out says a 25K bank note will become a 25 bank note

As a believer in the LOP, I agree 100% with everything you've said above. I believe we bought a legal tender it will be honored by the issueing country that they will change it's value at the same constant rate they change the value of all of their currency in circulation. My additional points are that Because they have the ability to change a currency's 'valuation' and 'denomination' they can and will remove the three 0's from their economic transactions by equating the existing larger denominations with their new lower denomination counterparts. They will not keep both larger and smaller denominations in circulation and will remove the triple 0 currency's as they are collected. They will remove 3 decimal places from all transactions, pricing, debits, credits and payments. What used to cost 4,000 dinar will now cost 4 and you can either pay for it with 4 of the new 1dinar note or 4 of the old 1000 dinar note if you pay with a 5 dinar note or a 5000 dinar note your change could come back either as a 1 or a 1000 since they'll all be interchangeable yet equal See, once the structure has been set it won't really matter if the retailer has all their old pricing switched over or not, it won't matter if you have all new currency or not, the raising of the 3 zero's makes it all irrelevant. For example say you go into a store and buy something that currently sits on a shelf with a 9,000 dinar price tag on it. Does that store have to re-price that product down to 9dinar? nope, just ignore the 0's pay for it with 10 dinar or a 10K dinar note it won't make a difference you could buy a product with a 9,000 price tag on it and pay with two new 5 dinar notes and get a 1000K note back as change... the actual sticker no longer matters, once they throw the switch, the 3 zero's are ignored Wes You're right, my bad. I hold dinar, have a stack on my desk I look at every day and hope and pray they run out of time to do anything but RV this thing! My life would be greatly improved. I will pick and choose my words more carefully. I know when it comes to discussing something that potentially shatters a persons dream or even puts them into a position of fear or worry the emotional side of the brain takes over and conversation goes backwards. If I trigger that with how I phrase my thoughts I'm negating the reason I engaged in the debate in the first place. Wes P.S. someone above mentioned that terminology is part of the issue, so for my purposes I've chosen the term "LOP' but believe that person to be more accurate with the term 're-denomination' . So if it's more effective to refer to it as RD instead of LOP, I'm fine with that because in my mind they mean the same thing.

I'm considered a 'lop'-ster so I'll take a stab at it. To me, I don't really care if you believe it or not, my concern is for folks who have invested a ton into this opportunity and have no game plan for failure....when this thing lops, and folks are expecting a big windfall, lots and lots and lots of families are going to be hurting. I'm more passionate about getting folks to consider that a lop is a distinct possibility and should have some planning around that. What I can't stand is the head in the sand mentality that keeps folks at risk. Look at it this way....if I'm wrong everyone wins big time...if I'm right, no body is prepared...why not just put some thought into your game plan should this thing tank and if I'm wrong, you won't care after it RV's but if I'm right you'll be very thankful you had a plan in place...

They're prepping the people and businesses to reduce the zero's from their prices as well....it's going to be systemic , all the zero's will be deleted at once, from the pricing, from the currency, from all the billing, they're removing them from the transactions all across the board.

with Iraq...who knows...anything could happen, there could be another fight in parliament and the whole thing goes away for another week.

so if they lop and immediately rv you think you can pull a fast one on a teller? for millions of dollars? are you for real? I think you're missing the boat on this completely, we're looking at 2 scenarios alright but neither is what you've outlined above. Scenario 1 - they RV the currency and our 25k note is worth 25K and we walk away millionaires Scenario 2- they remove the 3 zeros and from the existing currency, introduce additional non-3 zero denominations (5's and 10's, etc) and our 25K note becomes a 25 note. it's pretty much one or the other now.

That would be amazing but there's no indication that is what they are planning. I would love that. man o man would that be awesome... again, my prediction is based on gut instinct as well and I can't seem to find anything logical that says they're going to do what you propose, I'm sure if they were it would be all over the boards.

No I'm not a researcher, nope, not a guru either but I've read what's been posted all over and have formed my opinion. It's worth nothing so it's offered here for free, lol. In my opinion, this is what I think is going to happen - The CBI will introduce new lower denominations - The CBI will remove the three 0 currency from circulation and replace them with their new lower denomination counterparts (the 25 dinar will replace the 25,000 dinar) - The currency will revalue to approx 3.45 USD My gut says this makes sense...I'm not going to become a millionaire from this but I also wont loose money... Each Million of Dinar owned would return at a value of $3,450.00 USD minus the approx $1,100.00 initial purchase price returns a profit of approx $2,300.00 or a ROI profit rate of 213% and you can't complain about that.....though I'm sure many of you on here will, lol bring on the negs, I know how most folks won't listen unless a person is saying 'you're a millionaire today is the day...." we can't all be okie's... So this is my official prediction and I guess we'll soon see if I'm right or not.

I took the series 7 more than 8 years ago in Florida and it was freaking hard! When I got done I thought I should have just went ahead and wrote the chartered accountants exam because it's practically the same amount of information. Who knew you could do all this on your own without ever having to pay a university for a stupid piece of paper....If you can learn it, and you can do it on your own, you don't need to fork out thousands on tuitions. (not a big fan of schools) wp

Blue Jean Baby The report this week from the CBI saying they are 'raising 3 zeros' from the currency' has been posted on this website and every other dinar website all over the web....it was posted within an hour of it being released. My post was in reference to that article. Do you need the link again or can you get it from the other 20 threads all discussing the same thing?

Yeah I used to follow that 'head in the sand' - 'only positive information allowed' mentality over at don't promote other sites but reality is that once in awhile, something negative might come out and you can't just ignore it because you don't like the way it sounds.... life doesn't work like that in the real world

Thanks for that. I know how controversial the entire subject is. It was one of my biggest worries, it was an argument I had over and over again with my cousin (who is invested with me as well and why my total ends in a quarter of a million instead of a round million). I'm all for a straight up exchange of large denominations for small denominations, and then a flat out 3.25 RV, obviously nothing would make me happier.... my concern comes in from seeing all the documentations coming out of the CBI talking about them working on this proposal to 'raise' zero's......what the hell does 'Raise" zeros mean? Does it mean "Erase"? It has to right? I mean that's why they're printing new money. Which brings me to the fact that they're printing money again...the last time they did that they went from an old currency that they shut 'off' and rolled out a new currency they turned 'on'.........They've done it before....it could happen again. I bought into this investment knowing it was a 'speculative' investment, meaning it has a high margin of risk. It feels riskier today then it did 8 months ago.

Nelg I hope you are right. But we've all seen Iraq do a ton of stuff that doesn't make any sense. I've been waiting for 6 months just for them to pick a security minister and finish their GOI.....can you put all your confidence in the fact that you are right and I am wrong. my question was, worst case scenario...what are our options? Maybe I'm crazy but I interpret all the news reports about "Raising" the three 0's as a LOP....... do you mean to say that erasing 3 zeros' from the currency is NOT a LOP?

I hope you're right. But since you're kinda questioning my sanity with all your 'Really????'s let me throw this back at you: we know that there are currently many individual holders of the dinar one online guru has claimed he holds 1 Billion in Dinar I know, personally, folks that hold a combined 400 Million in Dinar let's just take my personal holdings as an example I hold 15,250,000 dinars all of which are in 25,000 dinar denominations (610 in all) IF they do as you say and simply offer a straight up exchange, I'd get 25 of the new 1000 dinar notes for each of my 610 existing 25,000 dinar notes or a total of 15,250 of those new 1000 notes..... and that's just for me. It would equal 1Million of the new bills for the guy holding the Billion in Dinar 400,000 of the new bills just for my friends here in Ottawa my point is, with the amount of newer denominations they will need to simply replace our existing one is going to be huge, hell it could be the reason for the hold up on the RV, they need more paper. We know they got new atm machines we know they need much lower denominations I don't see how your opinion is any more legitimate than mine.....obviously I hope you're right and I'm wrong but I can't sit here and assume you are just because it sounds better for my wallet.

I'm not trying to scare people, I asked a sincere question. To address what you asked...if you have a million in the bank, you are right, they do not know what denominations they are. My thought is, if they come out with a new and lower currency, they'll offer an exchange rate on the old larger denominations. That is not a happy answer but it would work in exchanging the larger denominations.

Our "Legal Tender" isn't currently recognized anywhere in the world outside of Iraq, if you don't believe me go over to 7/11 and buy a big gulp with your dinar and see what you get for change. secondly, our 'legal tender' isn't all that old, prior to this version there was the ones with saddam hussains face on it. That was legal tender for many years, and what's that stuff worth today? Says who? When the EU introduced the Euro they didn't collect all the existing French Franc's and swap them out for Euro's, you can still get a British Pound. What they did was place an exchange rate on the old currency in comparison to the new currency. This is what we 'COULD' be seeing here too. It doesn't take a genius to realize they can't continue with their currency at it's current denominations. There are dozens of posts on the topic of the new lower denominations. What are they going to do, go to the store and buy a loaf of bread with a 25,000.00 dinar note? And how do you make change for that? C'mon use some common sense. Large investors and government don't hold actual dinars, they hold credits.....Do you think there is a room somewhere at the white house with 4 trillion dinars in it? we have electronic banking now, and so do they, this is the year 2011 we don't all stuff money under our mattress. "NO LOP WILL EVER OCCUR, PERIOD! " That's a very very bold statement..one you can not back up.

It's becoming more and more likely that we'll see a LOP.... so do we have options? Is there a best plan scenario in place? Any thoughts on how this changes things. if I have 1,000,000 dinar and they delete 3 zeros that leaves me with 1000 dinar if that rv's at 1.00 USD I'll have 1000 dollars .....which is a little less then what I paid (especially when you factor in bank charges and transaction fees). not a best case scenario but it could be worse....

Here's how I see this impacting the RV... Heard on the news today that greece is 99.993% likely to default.... Ben Bernake said today that when Greece defaults, it'll likely send the US back into a recession (I have no idea why but that's what he said) heard today that the Royal Bank of Canada sold off it's retail holdings in the US, banking in the US right now and for the near future is a losing business. I think these things will add pressure to the US which in turn will exert any pressure they can to improve their situation with an RV.... so indirectly via pressure I think the Greek default will help the RV process.

Actually they can keep it there quite a while longer....they have a big cash influx coming very soon, when the UN Sanctions expire and they get all their DFI funds released, they'll have the money to do quite a bit... I'm not saying it'll never rise, I hold a few million and hope it goes at the crazy lady's 8 something a piece but I'd be very very happy with 30 cents a piece...very very happy.

Which brings me right back to my consistent thought...."Why do they need to RV again?" Look at all that has and is happening WITHOUT the RV Pumps are running oil contracts are being agreed and signed infrastructure is taking place electric grid is coming on line schools and hospitals are being built government is meeting new banking systems have been installed. the country is taking its place on the global scene (wto, UN, MENA, etc) untold BILLIONS of investment dollars rolling into their country and their currency is tenths of a penny vs the US corruption is still going strong Basically things are better then they've ever been and steadily improving....why then do they need an RV?

I'm a huge skeptic in all things but the baking soda and alkalinity/acidity thing is real. another great book, not mentioned yet is "The PH Miracle" its a ph bible practically, very easy to read and makes a lot of sense... Poly MVA .......I've found it to be scamish and snake - oil -ish...I'm not a fan of that one, the promoters of PolyMVA are affiliates, and that taints the whole thing for me... just my 2 cents. WP