KristiD

I am new to this investment and haven't studied as long as you all, but I listen to Breitling often. He did in fact say that the government of Iraq deliberately devalued their currency drastically after their country fell apart from Saddam, and maybe I assumed that they did it over night when they didn't, but I still give credence to what he says. And I've heard this from other sources as well - also reputable ones. You and Legolas and I can agree to disagree on whether an RV is possible now or later (they do have lots of oil and just because it isn't out of the ground yet, doesn't mean it has no value), but the point of my post was that Legolas' proposal to bring in a new IQD worth $1-3US while simultaenously having the existing IQD notes worth only $.0001US if they're comprised of 3 zero notes cannot work. Again an IQD - or any currency - represents a specific value - that value may change over time, but at any given time it has one and only one value. You cannot say that an IQD is worth $1US if it's in a new 100IQD note but that it's worth only $.001US if it's in an 25,000 existing note - note when both are legal currencies. This is why Legolas' plan can't work. Whether the IQD RVs now or later or never, his proposal is not viable because the IQD must maintain a consistant value in all the Iraq currency and under his proposal it does not.

I'm not sure I'm following you exactly, but I agree that there will be different versions of a currency out there with the same intrensic value. However,the denominations will change, right? It's not like you will have old 100IQD notes worth $.01US and new 100IQD notes worth $1US - both in use at the same time. An IQD needs to have a stable unit of value whether it's part of a 25,000 note or a 100 note. While you could say all IQDs are worth $.001US today and then next week revalue the currency and say that all IQDs are now worth $1US, you cannot say, for example that 100IQD is worth only $.01US if it's part of a 25,000 note, but if it's part of a 100 note, then it's worth $1US. This is the point I'm making. I believe and hope the RV will happen, but if it doesn't, Legolas' proposal cannot work because you cannot have 2 different values for the IQD at the same time. Currency by definition. represents a specific value and you simply can't say it's worth $.01US sometimes and then $1US other times.

Hello Legolas: You are in fact saying that there would be two currencies existing at the same time with different values. You just said yourself that it will be up to people to look at the notes and value the ones with 3 zeros differently than the ones with less than 3 zeros. That cannot be. An IQD is an IQD whether it is part of a 100 note or a 25,000 note. You can't assign a different value to that IQD based on it being part of a lower or higher denominated note. And what about the existing IQD notes of 50 or 100? Will they still be worth $.005US and $.01US respectively or will these 50 and 100 exisitng IQD notes without 3 zeros be deemed to be worth as much as the new IQD notes? If so, that's ludicrous, how can you penalize someone who holds their currency in higher denominated notes and give a windfall to someone who holds them in lower denominations? The Iraqis would riot in the streets. And if you're not saying that, then again, you clearly have one 100IQD note worth $.01US and another one worth $100US. I stand by what I said - you cannot have two currencies in use with different values. An IQD has to be an IQD - regardless of the note that comprises it - it cannot have one value becuase it's part of a 25,000 note and a different value beause it's part of a 100 note - and because a currency transition happens over time and not instantaneously, this would be what would happen under your proposal. Although I disagree that an RV will not work, even if they don't RV, they cannot do what you are proposing because a currency by definition must be worth a specific value and you can't say it's worth $1US in some cases and then only $.001 in another case.

Doesn’t it make FAR more sense that they would issue a newly designed currency, with a NEW value of $1-$3 or so, simultaneously requiring that the old currency be exchanged for the new at equal value for a specified period of time? Until collected, the old notes would retain the same value as the new (minus the zeros). This would effectively result in an increase in value for the Dinar of anywhere between 18-250% - which would be a HUGE increase by ANY investment standards, and far more than any currency normally increases. It would NOT be a lop……merely a redenomination with a concurrent revaluation. Read more: Do you really think Iraq can have two sets of currencies outstanding at the same time each with different values.? Because it can't. Old currency is exchanged for new currency over a period of time - during which time, both currencies are legal and valid. A country must have a uniform value for it's currency. If it didn't, it would be a disaster for not only their Iraqi citizens, but any foreigners who held IQD. Can you imagine your scenario with two different 100 IQD notes out there, one worth $100US (assume $1US to 1new IQD) and one worth $.10? That's insane. And if you're saying that the current 1,000IQD note will be worth $1US while the new 1IQD is also worth $1US, that also is insane. A currency is worth what it's worth, you can't have the same denomination of currency worth different values and you can't have the same value on two different denominations of currency. This is just fundamental finance. Furthermore, remember that Iraq's currency used to be worth over $3US. They deliberately devalued it temporarily to aid in the rebuilding of their country. That meant that all the Iraqi citizens lost their wealth at that time (for ex, if they had 100,000IQD worth $300,000US prior to the devaluation, post devaluation it was woth $100). Iraq basically took away all their citizens' wealth with the promise that it would only be temporary and that they (the Iraqi government) would rebuild their country as a democracy and then return that wealth to the people. The Iraqi people have been waiting for this and they deserve it more than we do. They need to RV to reinstate that wealth. Just like they abruptly devalued their currency, they can and probably will suddenly revalue it to a higher value. They are not creating value out of thin air, they have the resources to support a value of $1 to $3 or more. And in order for them to trade on forex, they must have a currency in line with their neighboring countries. I don't see any other avenue available to Iraq but an RV. Of course, no one knows when that will happen and at what amount, but for sure we are closer now than ever before. I can appreciate your position and feeling like you'd been hoodwinked, but the scenario you propose is not feasible. A country can't have 2 different sets of currency with the same denomination but different values (purchasing power) outstanding at the same time. FYI, Breitling has covered this several times recently so you can listen to him as well. The truth is, their are so many variables affecting this situation that nobody knows for sure what's going to happen. But realistically, I think an RV - even if it's low to start and creeps up over time - is coming -- and it's going to apply to all the IQD at the same rate.

[kaperoni] Since last night the dinar has been bouncing from 1177 (closing rate) to 1032 [kaperoni] almost every hour [kaperoni] this may be nothing, but it is abnormal and should not be occuring [kaperoni] when the market is closed [kaperoni] think of it as a heart monitor, when ur dead, its a flat line. That is what should be occuring right now until Sunday when the market reopens [kaperoni] but it is not [kaperoni] is it bouncing almost hourly [kaperoni] it might be a ping, or a sync [kaperoni] but is it clearly abnormal [kaperoni] You can see this live on my website [kaperoni] chose the 1d (1 day) graph [kaperoni] lower right corner is the TorFX (UK) chart [kaperoni] bigpuller which article? [kaperoni] I am more impressed with the banking articles the last two days...calling in essence for the RV bigpuller] Azzaman, July 15, 2011 Iraq’s central says the country is in need of a new currency in which the current zeros are removed to facilitate commercial transactions. Central Bank Governor Sinan al-Shabibi said he was in talks with the prime minister, Noor al-Maliki, on how to go ahead with the bid to issue dinars with lower denomination and higher appreciation. http://www.bondladyscorn ··· cy#11834 [kaperoni] bigpuller oh, yes...more good news [kaperoni] The banks also are calling for the RV as the say they cannot succeed without international transactions...lol [kaperoni] of course not, do it RV [kaperoni] lol [shredd] Ok, thanks. Since we are told that the small and large will coexist.... [shredd] and they will for a period of two years.. [shredd] can we safely assume there will not be an initial low rate? [shredd] and then a higher after say 90 days for us all to exchange our 000 notes? [kaperoni] Shredd the two years is misleading, the project is well underway and has been for while...so no way to put that in perspective [shredd] kaperoni ah, ok [kaperoni] Shredd i will say, this delay of the rv works IMO in our favor and a higher rate...cause time is a factor now [kaperoni] if they had rv'd last year, it might be 1 to 1 [shredd] agreed kaperoni] but now, i think we will see a higher rate [kaperoni] what that rate is , is speculation [kaperoni] i still think it will be under 2 to 1 [kaperoni] but we will see [shredd] do you think doing this rv before Ramadan is important? [kaperoni] Shredd i think doing it period is important [kaperoni] Shabs was quoted in an article last fall, that he knows the 1st step to ecomomic reforms is the rv [kaperoni] so there is no other process or solution they can do "first" to achieve what they want [kaperoni] so they have to RV soon [bigpuller] the article with shabbs and maliki do you think shabbs was asking parliament for the money to print the new 100 dinar note [kaperoni] so all else will follow [kaperoni] bigpuller no [kaperoni] all bills are printed [kaperoni] and in banks [kaperoni] i can confirm [kaperoni] with boots on ground intel [kaperoni] the small bills are at the banks [kaperoni] and been there for at least a week [campdav] kaperoni Randy K crunched the numbers off of the budget and comes uo to a min of 3.5 on a raate based on their budget, you don't agree? [kaperoni] campdav everyone has an opinion. Logic tells me low to start, rising in about 6 months [kaperoni] but who know, Iraqis are proud people and may come out high to show the world [campdav] Malaki and Shabbs both sid they would have the most valuable currency in the world??? Just saying not arguing [bigpuller] kaperoni what about the hedge fund boys coming in if such a low rate [kaperoni] campdav think about it...more oil than anyone..12 mbpd is a few years, and [kaperoni] they will be capturing all the natural gas as well! [kaperoni] lol [kaperoni] they will be so freakn rich [campdav] kaperoni Amen to that [kaperoni] my fear is that shabs is going to disburse these smaller bills and collect the last of the larger 3 zero bills in a "transition" [kaperoni] which might cause a low rate intitially [kaperoni] but i cannot see that either as this would "tip" the hand sort of speak [bigpuller] kaperoni exactly the hedge fund boys [kaperoni] so lets all stay positive, and wait this out. [campdav] bigpuller Yep [kaperoni] Something is happening for sure, lets hope it is the beginning.

I did a fair amount of research on this Sunday......here's the IRS link showing 34 states will be open Sat, 7/16/11. http://www.irs.gov/localcontacts/index.html I further researched it to find how often this happens. I found that the IRS does this the first few months of the year - and specifically states it's because it's tax season. They also did it July 2010 in 4 states in the Gulf of Mexico - and specifically stated it was for the Gulf Oil Spill. The also did one in Sep 2010 - and specifically stated that it was for Veterans (don't remember what was going on then that they would need it though). I never found any Sat. hours that did not have a specific purpose related to them - except for the one coming up 7/16/11. I posted what I found in "rumors" to see if someone could come up with a different reason for this....but no one really came up with anything that seemed reasonable. Also, apparently it is unusual for the IRS to do this since it's so expensive. I try not to get caught up with assumng everythings I hear is related to the IQD RV, but it does make sense that, with our debt ceiling such a huge issue and Obama's cryptic words last week that he'd have a solution (that we haven't seen yet) that this might be it. We know that the US govt needs $ now, and I for one hope that they're willing to give us a break at cash in to get! I sure hope so anyway!!! I

Great post!! Thank you for reminding us to stay on track. The changes we experience as we enter into the coming age will be challenging for sure. But if we remember to live our lives with compassion and cooperation instead of competition and conflict - we will be fine. To live on this planet at this time is a great opportunity for spiritual advancement and I love it that so many people involved with this dinar investment see life through spiritual eyes too. I believe that all things work toward good and it is surely no accident that so many spiritually oriented, kind people were given the blessing of being involved with the IQD RV. GO RV!!! and then may we all use our blessings to rise up and do much to help others and the planet!! Nameste and God bless you all.

Please don't call me a newbie pumper. I've specifically put what I found out here for people to give me a resonable explanation. I've researched this as I said in response to Oakie's challenge for someone to verify what he said.... And I found that, sure enough, for some reason - and the IRS is not saying why - they will have Sat. hours this coming weekend. I researched more to find out how often they do something like this and I found that they do it the first few months of the year and specifically state it's because it's the tax season. They also did it July 2010 in Fl, Al, Tenn, and Miss and specifically stated it was because of the Gulf Oil Spill. They also did it in Sept. 2010 and specifically stated it was for Veterans. I didn't find any other Sat. when they were open where they didn't state a specific reason, so I find it odd that they don't give any indication of why they're open next Sat. Yeah I want to believe it's because of a pending RV, but I have doubts myself so that's why I've posted what I found hoping that if there is a different reason, one of you will know what it is and tell the rest of us. BTW, I'm new here because I only was able to purchase my dinars last month so I didn't join until then. However, I was told about this opportunity back in Oct and have been studying it since then. Though I don't post much (another indication I'm no pumper), you can clearly see by what I write that I don't push rumors. I'm just like the rest of you, trying to figure things out the best I can and simply asked for some help with this. Also, I didn't say the IRS is opening next Sat. for cash ins. The IRS wouldn't cash us in - so unless the UST has reps there to do that, the IRS may just be making staff available - (IF and that's still a big IF, this is RV related) to help us understand the tax ramifications - which for me is pretty important and will definitely affect how much I cash in now versus later. Lastly, I am aware that Chapter 7 must be completed, but Brietling did an excellent commentary on that this morning explaining that all that's left to do is for Iraq to lift itself out of Ch. 7 - everything else from the outside is done already, now it's only up to Iraq to take that last step. He also said that he thinks maybe it's not done yet simply because Iraq hasn't quite got things lined up. He said it could be any time now though - with this coming week a definite trigger point. It was an excellent commentary and well worth listening to.

Ok, now this is a reasonable explanation. However, I will point out that in my research on this, I searched other dates - both this year and last - to try to find something comparable. I found that last year they opened a bunch of offices on Sat, July 17, 2010 also - but they SPECIFICALLY said it was to help people affected by the Gulf Oil spill at that time. I could find nothing that indicated why they are doing this next weekend, but if it was for natural disaster assistance, I would think they would just say that since that's what they did last year..... Anyway, I'm just trying to find an explanation that makes since. I remember Brietling saying we have to be careful not to view the world thru "RV colored glasses" (or something to that effect), so I'm trying to NOT jump to the conclusion that this must be about the RV. But so far, I haven't heard much that convinces me that it's not yet. But thanks everyone for your input!!!

Thanks for that and I did check out the link. But it also said the open house was to assist taxpayers resolve their tax problems. It doesn't point to any type of specific problem though. Since this doesn't seem to be a regular occurance, one can't help but wonder if it relates to something specificially (I hope the RV, but I'm prepared to be wrong) at this point in time. Anyway......hopefully we'll get to the bottom of it - or even better RV this week!!! Thanks for the input!

Probably not though since extensions go until October..

Yeah, I noticed that too. But that just made me think that 7/16 was all the more special. I mean, if it had been updated 7/5 or something, I could see how they might just be updading it every week. But since this is 2 weeks old now..... that's not the case. Plus 2 weeks is recent enought that it could fit in with an anticipated RV. What I'd really like to know is if there is some other legitimate reason - other than the RV - for the IRS to have these tax assistance centers open next Saturday.

So, I was feeling reckless and read the latest Oakie post here where he mentioned the IRS centers being open on July 16 in anticipation of the IQD RV and challenged people to verify it themselves. So I did. Curiously, I found this IRS link verifying that all over the country, IRS Taxpapey Assistance Centers will be open July 16, 2011 (see the specific mention of that date under "Saturday Sevice"). I then checked for July 23 (the following Sat) to see whether this was typical for all Saturdays, but didn't find anything for the 23rd. Does anyone know why the IRS Centers might be open on Saturday, July 16? It would be awesome if it was in anticipation of the RV, but I can't help wondering if there is really another, non-RV-related reason. Possibly some other tax deadline coming up? Anyone know anything??? http://www.irs.gov/localcontacts/index.html Thanks guys!

Well that was pretty sobering... I think we all have already realized the US is in serious trouble financially, but with all the RV stuff, it's easy to forget about it. But the truth is, the world is in a very precarious place right now. Makes me go back to the whole 2012 thing and remember that we're about to enter a new cycle where the old ways of doing things won't work and we'll have to find new ones. I think compassion and kindness need to guide us now more than ever, but it sure would be nice if the RV happened first so that we could fortify ourselves first!!! Thanks for the post, it is very interesting.....

I agree. Especially since our government needs as much money as it can get, they will be clarifying this for us before the tax is due for sure!!! It clearly is a gray area right now though. I looked into getting a special ruling letter and one of the requirements was that it (letter) must not be for the sole purpose of reducing taxes (which is what we're trying to do). It also said a special ruling letter would be superceded by any future ruling the IRS may put out, meaning that they may give it to you now, but they are reserving the right to rescind it later on with a specific ruling. I think they cover all the bases and they'll get as much as they can. I'm just really hoping we revalue close to market so that leaves plenty of room to pay hefty taxes!!! It'd also be nice if some of those wilde rumors about lower tax brackets if you cash in early - were true!

That was great!! Thank you for that reminder - we needed it!!! God bless ya!

They speculate since Kuwait and Iraq with share the Port of Murbarek, Iraq may revalue at or near Kuwait's rate ($3.64 US), hope they're right!! Also, Scott thinks the rate's already set, just not released. Again I hope he's right!! The call july6th ,2011 patriot, Joey, and Scott Allawi was in London now in Baghdad and is in meeting with Maliki Mr. allawi has been in meetings with NATO and Jafari was upset with him Jafari was upset and the article said he allawi has no right to do this.. When he enters into these meetings he says the security would change in their country. Scott: troops were staying and then articles saying they are leaving and now leaving and now staying.. At least 10,000 and then 4500 Special Forces troops will stay.. They are spreading out the u.s. forces to make it look like they arent all staying… they are making them think they are leaving but they are staying Obama said today 10,000 troops will stay we were suppose to go but we have decided to stay they have asked us to stay so we will Article 2004 when they restructured bank, with the ¼ note on the article.. They showed us the ¼ dinar right on the picture.. What would the actual value of the ¼ dinar note be, it would be 1/40th of a penny lol Joey: article the information that was sent to the council of ministers was completed according to one of the cbi articles, And Joey says now that Allawi is back all will get done Scott: that article that everyone got so excited and depressed about was an opinion piece written in Iraq business news.. Was the article everyone panicked about it.. And Scott says he laughs.. Historically speaking every time there is a revalue you will see articles like this that totally negate what is really happening. In Kuwait the head of the bank said this will never happen and then 3 hours later their currency revalued.. Scott said he was looking for an article like this and expecting it. Scott: Shabibi has been a man of his word.. And this article from above is a true telling in the fact that it is bogus. Joey: the article stating currency next year was meant to mean now this year.. They gave this article to confuse us… Joey: they are going to pass 69 laws this week also Scott: His point is just because the magician is showing you his left hand make sure to look what is in his right hand…he says many countries after articles like this usually within days, hours.. They revalue. Joey looking for ward to tomorrow’s articles to come out much should be seen Chapter seven dismissed Joey: Article the get out of jail free card was port of murbarek.. Was suppose to be done on the 30th.. We wont know till tomorrow and we wont know about HCL till tomorrow… even Barzani agrees with the ammendment of the HCL… Article to restructure banks said they weren’t supposed to be done till December, but they had to have it done by June 30th. Now that they have the dfi fund they could enter into the wto and now they have the currency to enter into the wto, that is what the article was implying was that before they didn’t have the currency, not meaning enough currency, but meaning the value of the currency. Patriot: Port of Murbarek the negotiations Iraq and Kuwait are sharing that port.. He says the same as he said last night how do you share a port without having your currencies around the same… Patriot: the Arabs are all getting together to develop free trade zone He says this is another occasion that its soon, imminent and will be within the neighboring Kuwait rate. Joey: The cbi article stating no fanfare and would be slow and would be fixed.. Means the rate will be in line with countries, and it would be fixed.. Meaning no big change except 2 to 21/2 percent every ninety days. Joey : says if you read the articles they are telling us what they are doing all the time.. Joey: says for instance the .86 cent rate would mean the 25k note would be worth 18 bucks for them… will never happen Joey: if they were to have such a small rate then it would effect their labor amounts… Scott: says Kuwait and Iraq are going to do much rebuilding together and investing especially in this port of Mubarek.. How would that work to split these bills for these countries if the currencies were so far apart on their rates.. It would be an accounting nightmare.. From a business perspective it would tear the two countries apart again.. Scott: For example in my opinion if Scott and Patriot were going to go into business together and if I am not going to revalue my currency do you think we would go into business together and agree to this .. And make an arrangement on the hope that I would. Or would you sign the contract already knowing what the rate would be.. You would know the arrangement and rate ahead of time. Only way it makes sense in this Port of Mubarek agreement Scott says don’t be spooked by this article that was in the Iraq Business News it was meant to do that .. Scott: says phoenix call and extrapolated with scooter he thought was big buzz.. He read the document and thought it was worth the read. Scott: says don’t look forward for the date.Its behind us already this all had to be done by June 30th.. This stuff is done.. We are just waiting on them. Scott says he has great respect for scooter and thought it was really refreshing to see him working with phoenix.. He says maybe the gurus will start reading some of these documents and news and start realizing that there is more to this than.. hey can we find the rate or a bank story, etc.

I think sometimes it's good to take a step back and look at what's positive about the situation. For sure this is a roller coaster, but I think roller coasters are fun and I think even this roller coaster is fun! Really, we have a very real possibility of waking up as millionaires one day....that is way cool! Sure it's a big disappointment that it didn't happen June 30,(or July 1 or however many days it's gonna take) but the good news is that just because it hasn't happened that doesn't mean it never will. This is how I see it. 1. I spent my money on dinars as an investment. With every investment there's always a possiblity that you lose the whole investment, but because Iraq has so much wealth in natural resources, I think the probability of losing my investment here is really small. 2. The IQD used to be worth $3US, and now the price of oil is even higher. I have to think that the value of this currency should be at least that $3US and then some. We know that they have artificially lowered the value of the IQD to about 1/10 of a US cent to help as they rebuilt their country. But now they are finally becoming independent again, they do not need to keep the value artifically low. I don't see how the value of their currency could not increase. 3. They are issuing new currency but only at lower denoms. With their current value of 1/10 of 1 US cent per 1 dinar, that doesn't make sense (since it would take so many lower denominated bills to buy simple things like groceries). They have to either 1) revalue the currency so that it has more value/purchasing power or 2) do a lop. But the lop doesn't make since if the value of their currency will eventually adjust to reflect the real value/wealth of their country, which should at least be $3+US for each IQD (since it used to be at least that much). And the value will adjust at some point because this is what eventually happens with currencies. When the real value finally emerges to, let's say, $3US (and it should be higher), doing a lop would be a huge problem. If they did a lop, you'd have a current 1,000 dinar note (presently worth about $1US (assuming .001/US$) becoming a new 1 IQD note also currently worth about $1US. But, as Iraq emerges as a new independent country, their currency will eventually adjust to it's true value of $3+US per old IQD (of which it takes 1000 old IQDs to make 1 new IQD). That would make that new 1 IQD worth $3,000 which isn't very workable for the Iraqis. They would have to create a bunch more currency to allow their people to buy groceries and get change back. Lops only make since for country's with low valued currency where they expect that value/purchasing power to decline, not increase. THIS IS NOT THE CASE WITH IRAQ. ****************This is why I think the RV is coming, and I think sooner rather than later because of the new lower denominated currency being issued.************************ 4. But remember, life doesn't work according to how we think it should. It unfolds the way it unfolds. No one knows what will happen and when it will happen. All we can do is make our best estimate of what we think is likely and then live our life accordingly. Though I think the RV is coming soon, no one knows for sure. Still, I believe the IQD is undervalued and that it will likely increase very significantly at some point. We all do or we wouldn't be here. Yeah this is one heck of a roller coaster ride, but hey, we haven't lost anything! Nothing is indicating there is no RV, in fact the news is indicating it should be happening soon. Let's keep perspective on this. I love being on the ride. I've talked to lots of people about this investment and they passed. How are they gonna feel when the IQD goes up and they weren't along for the ride? I am so happy someone told me about this investment opportunity and I'm so happy I eventually got the means to invest in it. I love going to bed every night not knowing if I'm gonna wake up rich. Yeah, it's a disappointment every day it doesn't happen, but it's not overwhelming. The worst that happens is that I don't wake up rich and I'm in the same position as I was the day before. And then the next day I have another chance!! I love reading all the news and rumors, I love the excitement and I'm gonna really love it when the RV finally happens!! I think we're gonna look back on these days with fondness once this is all finally over. It's kinda like sitting on the edge of your seat with a spell binding movie, tense at the time but overall a great experience and then we keep coming back for more. So in the meantime, I say ENJOY THE RIDE, and let's all thank God that were' on it!!

AMEN brother! Thanks for this excellent post, we needed it. God bless us all and Happy 4th to all!

OMG, OMG, OMG!!!!! I so hope he's right! This is the best post ever, Thank you Easyrider!!!!

I think the whole idea of "prophecy" and prediction is to give people a chance to prepare for it. If the prophecy is for bad things, it gives people a chance to change what they're doing and hopefully avert or mitigate it. If it's for good things, it gives people a chance to get on board. But in either case, life is fluid and it's the very fact that people constantly are changing their minds and making differenct choices that affects the outcome. I don't think any prophecy is every a sure thing, just a likely probability (with some being more likely than others)..... and it can (and often will) change. Also, just because someone makes a mistake, it doesn't mean he's a fool. I don't know anything about this George guy so I'm not trying to defend him specifically, I'm just making a point about prophets in general. I also want to point out that I'm talking about prophets who are spiritually connected in some way and/or receiving some kind of divine/other worldly guidance. I'm not talking about the dudes who just make up crap to try to get a rise out of other people. The bad news is that it's sometimes hard to tell the difference (though if you actually know the person, their actions will give you a clue)! Anyway......JMO

Bondlady's thought on what may push Parliament to release Laws on Lower Denom Today at 6:14 am [bondLady] im just gonna show something that will push the gov an parl to release the laws for the redenomination a lot quicker imo [bondLady] u know with all the countless articles coming out [bondLady] along with all of these articles [bondLady] an trying to tell the citizens about there new money [bondLady] the crooks are commin outta the wood work [bondLady] theve had counter fieters doing the 25 k iqd notes [bondLady] but now there doing a new note and making it look different [bondLady] a 10,000 iqd note [bondLady] and changing the wording on it [bondLady] and its confusing the people [bondLady] and ripping them off [bondLady] the gov is not releasing 000 notes [bondLady] there releasing the lower notes [bondLady] but the people are confused [bondLady] because they hadn’t done it yet to show them the reality of it [bondLady] Fears from spread of false 10,000 dinar notes in Nassirya, south Iraq 6/29/2011 11:10 AM THI-QAR / Aswat al-Iraq: A number of currency dealers in southern Iraq’s Nassirya city have expressed fear on Wednesday from the spread of a new false 10,000-dinar notes, that can’t be easily discovered. “We have noticed the existence of a false 25,000-dinar currency in the market, being cautious against it, but a new false 10,000-dinar currency, with a very close print to the original currency, had been spread last week,” Shop-keeper, Ali Ahmed told Aswat al-Iraq news agency, saying that “this is a very serious matter and the government must stop it in every possible means.” Ali Nuseif, a petrol filling station worker said that the “number of cars trying to fill petrol in his filling station was huge, and he and his colleagues can’t easily differentiate between real and false currencies.” On his part, the Chairman of the Security Committee in Thi-Qar Province, where Nassirya is its center city, called on citizens to be vigilant against such currencies, saying: “we had not faced such case and nobody had presented a case about the presence of false currency in the Province,” calling on the mass media to “uncover persons, behind the spread of such currency, in order to foil their criminal plans.” Nassirya, the center of Thi-Qar Province, is 380 km to the south of Baghdad http://www.bondladyscorn ••• uth-iraq http://en.aswataliraq.in ••• 3459&l=1 [bondLady] hence getting very confusing for them [bondLady] so things like this will make the gov imo move a lot faster to do what they need to do [bondLady] as the crooks an terrorist are preying on the citizens and merchants [bondLady] they knew there would be new language on it [bondLady] so the crooks put new language on it too [bondLady] thus confusing them more [bondLady] so imo this and things like this will hopefully speed up what needs to be done to avoid things like this from happening [bondLady] all IMO drops the mic and walks off Let's hope she's right and GO RV!

Maybe I didn't explain Phoenix' points that well, so I apologize for the confusion and I'll try again. When Shabibi says they are lifting the 3 zeros, Phoenix is saying that what he means by that is that they will pull the 1,000 IQD notes and higher out of circulation, any note with 3 zeros will be pulled out of circulation. The 25,000 IQD does NOT become a 25 IQD (that would be a lop and a lop doesn't make since for Iraq's situation - Phoenix is saying there will be NO lop), it will still be 25,000. But if there is a revalue, each 1 IQD which is currently valued at less than 1/10 of a US cent, will be deemed to have a new value of say $1 or $3 or whatever. It will have a thousand times or 3 thousand times more purchasing power. Phoenix is saying that the current value of less than 1/10 of US cent is artificially low because of the UN sanctions and Iraq's long struggle to rebuild their country. This 1/10 of a cent doesn't reflect the true potential value though because Iraq has so much wealth in natural resources. Since Iraq is about finally about to stand on their own again, their currency value is likely to skyrocket so that's why an RV is needed. So cheer up, be happy! This is what we've all been praying for!!!!

I stand corrected and apologize for my mistake. Thanks for setting me straight. Still, the point I was trying to make - that a government can withdraw high denomination currency and not have a lop - is still valid. Sorry, I'm not getting your point. I know there is lower denominated currency already and that Shabibi now plans to issue new lower denominated currency. All I'm trying to say is that we're not likely to see a lop but instead a revaluation since an RV makes since with lower denominated currency.

If there is a lop and 3 zeros are dropped, you are correct, it would take only 20,000 dinar. But Phoenix is saying that Shabibi did not say that they are deleting 3 zeros from the currency, but rather that they are removing the currency with 3 zeros. I read a couple of translations of what Shabibi actually said and honestly you could interpret it either way. But on Phoenix' side of the argument is the fact that historically (and in practicality too) lops happen when there is hyperinflation in a country and when the currency has very little value. Yes it's true that right now the IQD is worth less than 1/10 of a US cent, but a large part of that is because Iraq has been under the UN sanctions (which are now ending) and the value is artifically low. Ultimately, a country's currency is valued by that country's resources. And since we know Iraq has loads of resources and that they are well on their way to extracting those resources and selling them, I think it's fair to say their currency is grossly undervalued right now and will surely be going up. Iraqs situation does not fit the scenario where a lop would make since. It does fit the scenario where an RV would make sense. But as you say.....we will see. I guess I'd prefer to be optimistic rather than pessimistic while we wait..... just sayin'.......