Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

KristiD

Platinum VIP
  • Content Count

    1,138
  • Joined

  • Last visited

Community Reputation

4,087 Excellent

6 Followers

About KristiD

  • Rank
    Senior Member

Profile Information

  • Gender
    Not Telling

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. As someone who lives in a country where the all flights are also stopped, I will point out that flights that transport "things", are still happening. I'm sure that's true for all countries because they all need to bring in food, medical supplies, mail and various other supplies for their people. Since currency dealers buy IQD and have it shipped through the mail (or fed ex or whatever), I think they would still able to get more from Iraq - if Iraq was selling it. The problem is that for months, if not longer, Iraq has been releasing less and less IQD to the currency dealers which is why we've ended up with only a handful of currency dealers who still deal with it. So I believe the probem is that Iraq (CBI) does not want more dinar out there and is therefore not selling much of it to currency dealers. However, I do think you are partially correct in that Covid does affect this because I'm sure with all the other Covid-related problems the CBI deals with (like decontamination and lockdowns), selling IQD to US currency dealers has got to be pretty low on their priority list!!
  2. I am no expert on how this all works, but I do know that when I got into this 9 years ago, there were still a few banks that dealt in dinar - that would exchange dinar. I remember specifically Fifth Third bank was one of them. It was my understanding that the other banks like Chase, that had previously been dealing in dinar, had stopped because there were so many dinar holders constantly calling them asking if the rate had changed. So I believe that now, if the rate does change and even if Iraq stays regional for a while, the other banks will all want to start dealing in dinar again because 1) they make a fee for that and 2) they are likely to get really big USD deposits if they choose to deal in dinar. So personally, I'm not worried about this. jmo
  3. Newshound Guru Breitling ...they're worried about regionally having a currency that's valued too high. The pressure cooker they're in is that they need to add value to their currency otherwise they're going to go broke. If they add too much value to their currency they are going to go broke. That's just the reality. But what people don't understand is that other countries are in the same position...Iraq basically told everybody they want to get the value of their currency to $3.25. [Wait a minute, you just said if their currency is too high in that region they are going to get their asses handed to them.] That's true. But if their currency was a global currency, then it wouldn't matter would it.. ...Take for example the United States and Mexico. How much is their peso worth. Look at Canada...If Iraq is international they could have a huge high price. But if they're going to be local for right now, regional, then they can't go that high...Let's say their markets are going to be regional and they do add value to their currency it helps them get to international markets. Well if they're in international markets and it becomes more and more dependent on international markets you're going to see the value of the currency keep going up...If it's regional...they're never going to get past a buck...
  4. Newshound Guru Breitling ...they're worried about regionally having a currency that's valued too high. The pressure cooker they're in is that they need to add value to their currency otherwise they're going to go broke. If they add too much value to their currency they are going to go broke. That's just the reality. But what people don't understand is that other countries are in the same position...Iraq basically told everybody they want to get the value of their currency to $3.25. [Wait a minute, you just said if their currency is too high in that region they are going to get their asses handed to them.] That's true. But if their currency was a global currency, then it wouldn't matter would it.. ...Take for example the United States and Mexico. How much is their peso worth. Look at Canada...If Iraq is international they could have a huge high price. But if they're going to be local for right now, regional, then they can't go that high...Let's say their markets are going to be regional and they do add value to their currency it helps them get to international markets. Well if they're in international markets and it becomes more and more dependent on international markets you're going to see the value of the currency keep going up...If it's regional...they're never going to get past a buck...
  5. It's quite informative. He goes into Iraq's current options and explains some of the news articles people have posted here. Encouragingly, he now thinks, for Iraq to cover its budget, it needs to come in around $.66 instead of the $.53 he used to think, and he goes into why that is. Also we're in a window up to around mid-September. Of course, we've all been hoping it would be much sooner than that, and I guess it still could be. But he does a great job at explaining the important ramifications about where they choose to come in at, and explains that's why it's taking Iraq some time. And apparently, the longer it takes them to RV, the higher, in theory, they will need to come in at. So, even if it does take until September, maybe it might be pretty close to a buck! And I for one would be happy to wait another 2.5 months if it means I get an extra $.10 or maybe even $.20 or $.30 or maybe more!) per dinar. Although, there's really no telling if Iraq is going to evaluate their situation the same way Breitling does. After covering he dinar, he gets into some geopolitics as well as the US election in November. All and all I'd say it was one of his best audios because he really goes into to detail explaining what current events mean and in these really disturbing times, he presented a lot of food for thought. I'm not allowed to post a link, but if you search his name and "dinar" on youtube, you should find it easily enough.
  6. I've always like Randy Koonce, he doesn't post often, but what he says makes sense to me. I know he's given us windows before and the RV never transpired, but none of us really knows all that goes on in Iraq and the best any of us can do is make our best, educated guess. Just because we've missed it ever time we made a prediction, doesn't mean we'll never get it right. And this time Randy's opinion is that we are in a window which will remain open until RV or bust!! Come on Iraq, let's bring 'er home!!! GOOOOO RV!! How are you makin it. Well, once again, we have had another long pause since I last gave an update to everyone. But, we have just now had a window open up, giving us another opportunity to finish up this investment. We are all weary...and none of us ever thought it would be this long. Many have asked me if I had gotten out. The answer is: NO!! I have not sold my dinar. And I have not exchanged any dinar...I am writing this letter to let everyone know - we have another window opening up. And this time, it is my opinion that the window will remain open until . . . we are done. "At least, if ALL the political parties keep playing nice." The story of this journey would make the greatest political thriller novel of all time! This time, it looks like the HCL is nearly done. If you have been keeping up with the articles coming out recently, then you know that Iraq has been signaling that they are going to pay people. And in the last week, they have let us know that the census that has been finished recently is on employees who will get paid. So what that means is Iraq is finally ready to be DONE! The US and the IMF wanted them to get the borrowing law ready. The articles coming out have also been saying that this is done. It appears that Iraq has now done what everyone wanted done, and there is nothing left to be done. Except. . .The Rate. The date. ...With the Covid out there, there might be a few extra challenges in the exchange process, so be sure and call your bank, make an appointment, and ask them what their requirements are for coming in. All of the major banks will exchange for us, but it might take a bit of extra planning. Just stay calm. Be polite. Breathe...Do not give your dinar to anyone except a bank. Get professional advice...It has been a journey none of us ever expected, but we should all be grateful to have been included in it. Check www.cbi.iq every day to see if it has changed...
  7. xchangeofamerica.com now shows they have 25,000 uncirculated IQD back in stock along with various circulated notes. The prices for both appear to be $1,120 per million. Just fyi in case anyone is looking to buy more.
  8. According to this whistle-blower in Northern California, contract tracers are going door to door gathering information. He believes the Cali government plans to start this next month. This is from Mike Adams who is a stand up guy, but imo, he's often an alarmist. So while I have no doubt Newsome wants to do this, I'm just not sure he'll be able to pull it off since I would expect a fair amount of push back and lawsuits against it. That said, forewarned is forearmed, so it's best to be aware of the possibility at least (17 minutes). https://www.brighteon.com/14dfe692-fc63-498a-ab4d-a33fc83450db
  9. Gotta say I'm a bit stunned that she would say this, but what's really alarming is that BLM has a 68% approval rating across the country, tens of percent higher than anyone (including Trump), any party, any religion, anything except the US Military (listen to the Tucker Carlson 3 minute report at the end). This is pretty scary. BLM Co-Founder Admits: "Our Goal Is To Get Trump Out" While massive protests continue to rage across the country (and beyond) in the name of George Floyd, Black Lives Matter co-founder Patrisse Cullors admitted during a Friday night interview with CNN that "our goal is to get Trump out." Cullors, who described BLM organizers in 2015 as "trained Marxists," compared Trump to Hitler after refusing to meet with him, and referred to Immigration and Customs Enforcement (ICE) as the Gestapo, told CNN's Jake Tapper (via Breitbart's Josh Caplan): 612 people are talking about this In 2015, Cullors said that BLM would take "any opportunity we have to shut down a Republican convention." NEVER MISS THE NEWS THAT MATTERS MOST ZEROHEDGE DIRECTLY TO YOUR INBOX Receive a daily recap featuring a curated list of must-read stories. Was Tucker Carlson right when he said (and was punished with an advertiser walkout from the 'cancel' crew at Sleeping Giants) that Black Lives Matter is now a political party. 49 people are talking about this
  10. Okay, I know this is mean, but it IS funny!
  11. HCR, you are correct, but I live in a country that puts the day first and then the month, and while they do that most of the time - it's not all of the time. They just sometimes adopt the western world's way of putting the month first. No real rhyme or reason to why that do that in some cases, but they do. Also, when you're dealing with a translation, sometimes the translator chooses to change it to readers' normal way of seeing dates - which is probably what the guy did in this case.
  12. I saw something yesterday that reminded me of this thread. I found out yesterday that, right now - today - there is currency dealer who is selling IQD on reserve. They call it layaway, but it's the same deal, 5% down locks in your price for 45 days. They even offer a 30 day extension for $10/million. https://currencytradeinternational.com/ (and btw, if you're thinking of buying some more dinar on layaway from them, I don't recommend it.... their "7 day money back guarantee" allows them to cancel your order within 7 days AFTER they receive full payment and then just refund your money. I'm sure if the RV did happen, they would NOT be filling your order.) So I'm still not convinced it's illegal to sell currency on reserve. I haven't been back to this thread since I last posted in May, so just now I read everything that was posted after that. I still stand by what I originally said which is that Sterling got in trouble for paying someone (I incorrecty said it was TNT Tony, it was really Terry K) to pump the dinar to increase their sales, and NOT for selling dinar on reserves. And I do agree with floridian that it's pointless for the two of us to try and continue our discussion People can believe whatever they want, but for those who want the "true facts" about what happened with Sterling Currency, here they are. Below is the original indictment from February, 2016 - copy and pasted - from the Justic Department's own website. This is what the US Attorneys said Sterling did wrong and you can't get any higher authority than that, so it should be the final authority for anyone who wants the truth. (I highlighted in red the most important parts) source ATLANTA – The co-owners, chief operating officer, and an alleged paid promoter of Sterling Currency Group, which at one time billed itself as one of the largest sellers and exchangers of the Iraqi dinar in the U.S., have been indicted for their roles in a scheme to fraudulently induce investors into purchasing the Iraqi dinar. Tyson Rhame, James Shaw, Terrence Keller, and Frank Bell, have been indicted in this case and had their initial appearances before U.S. Magistrate Judge Alan J. Baverman. “Investors in the Iraqi dinar, like all investors, are entitled to make an informed choice based on honest and transparent information,” said U. S. Attorney John Horn. “These defendants are alleged to have defrauded investors by spreading misinformation about the investment potential of the Iraqi dinar in order to profit from sale of the currency. We urge anyone who believes they were impacted by this scheme to contact the FBI.” “This federal indictment represents extensive efforts by the government to protect investors from those who would make alleged unsubstantiated claims involving the potential revaluation of certain foreign currency. The FBI, along with the IRS Criminal Investigative Division, has made every effort to provide some protection for those who have already invested by seizing millions of dollars, the disposition of which will be further determined as this case now moves into the U.S. Courts system,” said J. Britt Johnson, Special Agent in Charge, FBI Atlanta Field Office. “Investment fraud schemes are designed to appeal to people's hope, often resulting in the total loss of their investment,” stated Special Agent in Charge Veronica F. Hyman-Pillot, IRS Criminal Investigation. “Individuals who line their pockets with money gained through deceiving others should know they will not go undetected and will be held accountable. The indictment of these individuals illustrates our commitment, along with our law enforcement partners, to pursue those individuals who victimize investors, violate the public trust and enrich themselves financially at the expense of the investor.” According to U.S Attorney Horn, the indictment, and other information presented in court: During the scope of the conspiracy, the Iraqi dinar – which is the currency of the country of Iraq - was touted by some as a potential investment opportunity. Information publicly available on certain internet websites, blogs, chat rooms, and conference calls fueled this speculation by predicting that a “revaluation” of the Iraqi dinar would occur imminently. A “revaluation” or “RV,” in this context, meant a sudden, exponential rise in the value of the Iraqi dinar as compared to the U.S. dollar and other relatively stable global currencies. Individuals who owned Iraqi dinar would realize potentially enormous gains if an “RV” ever occurred in this manner. Sterling Currency Group, LLC, which also did business as Sterling Online Processing Services, LLC, and Dinar Banker (collectively, “Sterling”), was a Georgia corporation with its principal place of business in Atlanta, Georgia. Sterling sold and exchanged so-called “exotic currencies,” including most predominantly the Iraqi dinar.Tyson Rhame and James Shaw were co-owners of Sterling, which began operations in 2004. Frank Bell began working for Sterling in 2010 and became Sterling’s Chief Operating Officer in 2011. According to the indictment, Terrence Keller, who was also known as “TerryK,” led an internet-based group known as “The GET Team,” which consisted of a website, an internet chat forum and weekly conference calls in which, among other things, information was disseminated to participants concerning the potential investment value of the Iraqi dinar.Keller, through The GET Team, was one of the leading internet-based proponents of the “RV” theory. On The GET Team’s website, internet chat forum, and on weekly conference calls, Keller is alleged to have falsely claimed to have information from, and verified by, high-level confidential sources in the United States government, the Iraqi government, international organizations, and major financial institutions, regarding an imminent “RV.” However, Keller did not have information from, or contact with, these supposed high-level confidential sources. The indictment alleges that Keller, Rhame, Shaw, and Bell knew and believed that representations concerning an imminent “RV” of the Iraqi dinar, particularly claims that the information came from one or more supposed high-level confidential sources, would boost sales for Sterling. Keller allegedly claimed, directly and indirectly, to The GET Team followers that he had no financial or other ulterior motive to promote the Iraqi dinar as an investment, but, rather, that he was simply disseminating his knowledge and information so that others could benefit from it as well. To that end, Keller affirmatively told his followers that he did not make substantial profits from his dealings with Sterling and other dinar dealers that advertised with the GET Team.Keller allegedly had a secret arrangement with Rhame, Shaw and Bell to promote and “pump” the Iraqi dinar in exchange for payments made by Sterling to benefit Keller. Since at least as early as August 2011, Sterling paid Keller over $160,000. Keller consistently downplayed these financial benefits to his followers and listeners. The correlation between Sterling’s increased sales and Keller’s promotion of the Iraqi dinar was allegedly further cemented by the presence of a Sterling representative, including, at times, Rhame and Bell, on The GET Team’s conference calls and internet forums. At various times, Rhame, Bell and other Sterling representatives participated in conference calls and internet forums in which Keller made representations to followers concerning the imminent Iraqi dinar “RV,” his access to high-level confidential sources, and claims that he was just trying to be helpful and received no financial benefit for providing this information to others. The presence and participation of Rhame, Bell, and other Sterling representatives on The GET Team’s conference calls and internet forums provided further validation to followers that Keller’s claims about an imminent “RV” of the Iraqi dinar should be believed. The indictment alleges that the promotional activities of Keller and other dinar promoters were essential to Sterling’s financial success and generated Sterling millions of dollars in dinar and other currency sales. In December 2010, Rhame is alleged to have told colleagues that Keller and the GET Team pushed 80% of Sterling’s business. In December 2011, Bell is alleged to have referred to the GET Team as Sterling’s “largest referrer.” Between approximately 2010 and June 2015, Sterling grossed over $600 million in revenue from the sale of the Iraqi dinar and other currencies. During this same time period, Rhame and Shaw received over $180 million in distributions from Sterling. Tyson Rhame, 51, and James Shaw, 53, both of Atlanta, Georgia, Frank Bell, 54, of Decatur, Georgia, and Terrence Keller, also known as “TerryK,” 55, of Grayson, Kentucky, are each charged with conspiracy to commit mail and wire fraud as well as several counts of mail fraud and wire fraud. Rhame and Shaw are also charged with conspiracy to commit money laundering and 12 counts of money laundering. And this is what they were convicted of: On October 9, 2018, the defendants TYSON RHAME, JAMES SHAW, and FRANK BELL were convicted of conspiracy to commit mail and wire fraud, mail fraud, and wire fraud. The defendants RHAME and BELL were also convicted of making false statements to federal agents. The defendants were acquitted of money laundering charges. link Nowhere in either the original indictment or in the actual conviction, does it mention anything about selling dinar on reserves. My guess is that the Justice Department is just allowing people who bought on reserve to recoup their money since the were induced to buy through fraudulent claims - but it clearly isn't the main issue. The reason Sterling and Terry K got in trouble was lying to/defrauding potential investors about an imminent RV to increase sales. fyi for anyone who wants to know the real truth about why the Justice Department went after Sterling Currency.
  13. Yeah, mine too 😩 And mine too, but I believe in this investment and I really feel it's gotta be close. I have no idea of the date anymore, but I think his month still looks very good, and if not, then there's July. At least we're through Ramadan anyway. I always figured they would try to do it when least expected, so that could be anytime now.
  14. As a follow up, the ISX was open on Tuesday, but not Monday, so it does look like they've stayed with their old 3-day-a-week schedule instead of moving up to 5 days a week like they had planned to do last month. just fyi
  15. They were open yesterday which was the first day in weeks. Their normal trading days have been Sun, Tues and Thurs. However, last month they announced they would start trading 5 days a week (Monday through Thursday) starting June 1st (but then they pospoted that to the 7th, and then the 14th). I guess since they didn't open today, it means they're not going to 5-day-a-week trading yet. This makes me wonder if the RV is a prerequesite to them opening the ISX 5 days a week. It would make sense after all. I mean why would they want to suddently more than double their trading days every week unless they expected there was a need for it? And certainly RVing their currency would increase the world's willingness to invest in Iraq and thereby increase usage of the ISX. Hmmmmm...... HOPIUM ALERT!!! Maybe I was right after all, in that they' did try to RV several times already, but for whatever reason, just couldn't complete the process like they had planned. Maybe if we see another article about when they plan to inniate 5-day-a-week trading with the ISX, it might be a clue to the timing. This could also mean that perhaps RVing when the financial markets are closed still, is still a valid theory. I'm gonna keep an eye on the currency auctions and the ISX. But... it's still just speculation at this point, only time will tell if it's true or not. And as usually, we watch and wait.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.