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seetrader1

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  1. One of Steve's flock(the duchess) responds to the above update... "Thank you SteveI for ALWAYS being upfront with every single one of us. You are so right sir about letting this event come to us and staying positive! Truth is folks, why wouldn't we? We're invested in a real thing that is real close and going to make all of us a whole bunch wealthier. Isn't it GREAT!!!! " No comment necessary.
  2. Dude totally cracks me up with that "encrypting" nonsense. Reminds me of the "encrypted" phone that Okie claimed to carry. You're a joke Steve. :lol:/> :lol:/> :lol:/>
  3. 12/9/12 "Greetings PD Members, I have not forgot about doing an update. I just have not had the time to encrypt the one I are working on so it cannot be used other places. What we will discuss is the Iraq 2013 budget, the next opportunity we think things could change and if they did how those changes will work inside Iraq and outside of Iraq. The information we will share is coming from many Iraq citizens and what they have read and been told. So until then, there are so many great articles to read and the only thing prudent to do is sit back and let this all play out and happen when Iraq is ready for it to happen. The sole purpose here at PD is to try and make a difference by bringing information to our members as accurate as possible without all of the hype and drama. When you do that, there are risks and yes we are risk takers. I really do not care what others think on other forums. They can hate and bash all they like including their mods in which they love to jump in and bash as well. They do not set a very good example, but desperate people do desperate things, and what sets an apart, we are not desperate for ranking and banner advertising to support the owner's pockets. There is a lot of talk about a one to one ratio on the Iraqi Dinar v. United States Dollar. That would be Just fine with me, but however that is not what will happen. I have posted numerous facts over the past fern years of why it could and may it will not. This post is not about the past, but rather about the future. You all know that Iraq is still under those restrictions. I believe based on history and information from our sources that nothing will happen until Chapter VII is lifted. !see so many post that say they have to revalue togas this and that done, not so. As the holidays approach, let all stay positive and take this one day at a time. Let's live each day as if it's your last because contentment is not possessing everything but giving thanks for everything you possess. So during this holiday time, try and remember that kindness picks others up when troubles weigh them down. Have a great week and we will bring you an update before the Holidays. Happy Holidays!! Steve and all afar Mods here at PD. "
  4. "Seasons Greetings! Yes, I'm still alive. Just devoting my time and energy to other things these days. Despite my dinar detox program I must admit that I do still follow some of the douchebaggery in the dinar forums and conference calls, but not with the interest I once had. But, this being the season for giving I figured I'd take a few minutes to offer my comments on some of what I've heard and observed. First, it seems that since Brad Huebner and Rudy Coenen were indicted for fraud that some of the pumpers have suddenly become quite shy, while others have decided to drop the notion of a big RV. The popular theory now is that the dinar will be allowed to float. By speculating on a float the gurus can sidestep the legal quagmire of misrepresenting the CBI's currency reform plan. That was part of the case for fraud presented against Brad and Rudy. Instead the gurus can now just say that Iraq won't follow through with the CBI's plan but will float the IQD until it returns to its former valuation. Before I continue let me review what was stated in the indictment. Under the "General Allegations" section we find the following: 7. The term "revaluation" (casually shortened to "RV" in dinar-sales parlance), refers to the contention that at some point in the near future, the dinar will rise against the U.S. dollar, a circumstance which will enrich earlier purchasers of the dinar. BRADFORD HUEBNER, CHARLES EMMENECKER, RUDOLPH COENEN and MICHAEL TEADT repeatedly advanced claims to potential investors over the telephone, through web pages, and through a weekly internet conference call that even relatively small investors in the dinar would, following the "revaluation" or "RV", become wealthy overnight. 8. A "redenomination" of the dinar refers to an actual proposal by the Central Bank of Iraq, announced as recently as June 21, 2011, to re-print the currency to remove three zeroes from the physical dinar banknotes as a matter of convenience. A redenomination of the Iraqi currency would not lead to a revaluation by the same amount, and may have no effect on the currency's value. Under a redenomination, a new currency replaces an old currency, but the value remains the same. Under the proposed redenomination, the Iraqi government would issue a new dinar note that will be equivalent to 1000 current dinars. The exchange rate would be 1.17 new dinars to the dollar, equivalent to 1,170 current dinars to the dollar. http://www.realscam.com/attachments/f12/1576d1348185792-bayshore-capital-investments-bh-group-bhgroup_indictment.pdf Some dinarians have read this and still cling to the big RV fantasy, dismissing the wording in the indictment as "smoke". Folks, you don't put a case like this together without making sure it's solid. If there was any chance that Iraq would revalue their currency to any substantial amount the prosecution wouldn't have included any reference to it in the case for fraud IMO. They would just prosecute them on the hedge fund and money laundering stuff. So we can see here that in the case for fraud the indictment lists the misrepresentation of the CBI's proposal to remove three zeroes (a redenomination or "lop") as an RV that will make investors wealthy overnight. Some of these gurus took notice and quit saying that we're gonna be rich when they remove the zeros. Thus the float theory. The problems with the float theory are numerous. First of all, countries as unstable as Iraq don't float their currencies as a rule. It would hurt their economy to subject the dinar to the volatility that a free float would present. Secondly, nothing in Iraq's history suggests that the official value of the dinar is being artificially held down. To the contrary, it appears that it is being propped up considering the difficulty Iraq has had in keeping the market price in the same ballpark as the official value as it fluctuates from 1200-1300 IQD to the dollar. The often touted story from 2004 about the CBI buying back dinar with USD to keep the dinar from appreciating too much was a reference to the market price, not the official value. Remember, the IQD is pegged to the USD so the official value can't appreciate apart from a decree from the CBI. It has been eight years since they had any concerns about the market price going too high in Iraq. The problem now is the value going too low. Additionally, a float does nothing to reduce the money supply, which is the reason the dinar's value is so low in the first place. Until the money supply is significantly reduced a float would likely result in depreciation rather than appreciation. It is my belief that when the CBI makes a reference to floating the value of the dinar they're either talking about a managed float of a few % with the official value or they're talking about raising the market price via the auctions by manipulating the money supply within Iraq. They have no intention of putting the dinar on a free float in the international market IMO. Another issue that keeps coming up is the Feasibility Study from the Ministry of Planning in Iraq. Supposedly this study shows us the real value of the dinar at $3.20 but they can't come right out of the gate that high. They need to RV to something like $1.13 and then slowly float up to $3.20. I would like to put this Feasibility Study nonsense to rest once and for all. It has nothing to do with the IQD. It refers to the official value of the dinar as $3.20 but the dinar's official value has been less than a tenth of a penny since 1995 according to the CBI website, so it has to be at least 17 years old. I think you'll find that the study was published in 1984 and revised in 1990 regarding the old Saddam dinar (thanks to Brian for the info on this). From the website for the Ministry of Planning we read: In turn, The Guidance For Technical And Economic Feasibility Studies And Post-Project Assessment Of Development Project (Regulations No. 1 for the Year of 1984 and it’s amendment for the year of 1990) has specifies a series of steps to be undertaken, which lead to the completion of a Capital Budget. http://www.mop.gov.iq/mop/index.jsp?sid=1&id=295&pid=259 Then if you click on the 7th link that says "The Exchange Rate of Foreign Currency in Economic Feasibility Studies" you will find the study in question. The real value of the IQD is not $3.20. It's not $1.13. It's not $.86. It's a tenth of a penny. According to the CBI website's financials there's 72 trillion dinar in the M2 money supply. This study was conducted when Iraq's money supply was measured in the billions, not trillions, so it makes no sense to base any analysis or investment decisions on anything in this report. Then there's the dong. When all else fails pump the dong. Think about it, folks. Vietnam has had over 35 years to raise the value of their currency. And it keeps going down. Why? Because they want it to, that's why. "The government has pushed to lower the value of the Dong in the hopes of pushing up exports and fostering export oriented economic growth (also referred to as export led development)." Vietnam's economy is growing, and countries with emerging economies like this prefer a depreciating currency to an appreciating one so that they can pay their debt with cheaper currency and increase their exports. Prior to the 1970s most mortgages in the US were fixed-rate mortgages. In other words, the homeowner paid the same interest rate for the duration of the mortgage. When double-digit inflation hit in the late 70s many homeowners were paying 7 or 8% interest on homes that were appreciating at nearly 15% a year and interest rates were higher than that. Lenders were losing money and the homeowners were loving every minute of it because they were paying off the mortgage with cheaper dollars on a home that was rapidly increasing in value. Lenders were actually bribing them to refinance. This is what led to the emergence of ARMs (Adjustable Rate Mortgages). Lenders wanted to cover their arses in the event of an unforseen recurrence of high inflation. In the same way countries like Vietnam can pay their bills with cheaper currency by allowing it to depreciate somewhat, so long as it doesn't get out of control. The only reason Vietnam would have for raising the value of their currency is if inflation was a concern like it was in Iraq from 2006-2009 when they were raising the value of the IQD by about 9% a year. Believe it or not neither Iraq, Vietnam, nor any other country is going to raise the value of their currency just to put wads of cash in the pockets of speculators. That's a shocker, huh? There's a few other topics being bandied about in the dinar world like Ban Ki-moon and Chapter 7 (irrelevant), and the Kurds (ditto). Breitling is telling people that Germany's currency returned to its pre-war value in eight years so Iraq is dragging their feet a bit. In fact the German deutschemark didn't "return" to anything. It replaced the pre-war currency the German reichsmark in 1948 so any notion that a currency can return to its pre-war value without a redenomination isn't supported by the history of the deutschemark. FootForward is telling people that hedge funds drove the Kuwaiti dinar up to $9 after the Kuwaiti "RV" in 1991 which is about as accurate as his World Series prediction. BGG is still talking about Maliki, Shabibi, Barzani, Talabani, Allawi and everybody else in the GOI and CBI who might have something to do with Iraq's currency reform, as if any of this is going to lead to substantial profits for any of BGG's listeners. And the dinar? Well, last I checked it hasn't done diddly. That's a shocker too, huh? I actually thought that removing Shabibi might bring about some increase in the dinar's value but it looks like his replacement is content to leave it be. This is the time of year when gurus traditionally start setting dates and telling everybody it's going to be a very Merry Christmas and a very prosperous New Year (read BIG RV!!!). And of course the holidays come and go and ..... nada! Just a reminder of what to expect. Last year I wrote a post called A Letter to Santa in which I asked to see some pumpers go to jail. Well Santa delivered four indictments in September so he's halfway there. Good job, Santa! Now I am making the same request this Christmas. How about a few more indictments in 2013? You can do it, you jolly old elf! I know you can! Merry Christmas everybody!"
  5. Sam-I-Am touches on that in his latest update... "Seasons Greetings! Yes, I'm still alive. Just devoting my time and energy to other things these days. Despite my dinar detox program I must admit that I do still follow some of the douchebaggery in the dinar forums and conference calls, but not with the interest I once had. But, this being the season for giving I figured I'd take a few minutes to offer my comments on some of what I've heard and observed. First, it seems that since Brad Huebner and Rudy Coenen were indicted for fraud that some of the pumpers have suddenly become quite shy, while others have decided to drop the notion of a big RV. The popular theory now is that the dinar will be allowed to float. By speculating on a float the gurus can sidestep the legal quagmire of misrepresenting the CBI's currency reform plan. That was part of the case for fraud presented against Brad and Rudy. Instead the gurus can now just say that Iraq won't follow through with the CBI's plan but will float the IQD until it returns to its former valuation. Before I continue let me review what was stated in the indictment. Under the "General Allegations" section we find the following: 7. The term "revaluation" (casually shortened to "RV" in dinar-sales parlance), refers to the contention that at some point in the near future, the dinar will rise against the U.S. dollar, a circumstance which will enrich earlier purchasers of the dinar. BRADFORD HUEBNER, CHARLES EMMENECKER, RUDOLPH COENEN and MICHAEL TEADT repeatedly advanced claims to potential investors over the telephone, through web pages, and through a weekly internet conference call that even relatively small investors in the dinar would, following the "revaluation" or "RV", become wealthy overnight. 8. A "redenomination" of the dinar refers to an actual proposal by the Central Bank of Iraq, announced as recently as June 21, 2011, to re-print the currency to remove three zeroes from the physical dinar banknotes as a matter of convenience. A redenomination of the Iraqi currency would not lead to a revaluation by the same amount, and may have no effect on the currency's value. Under a redenomination, a new currency replaces an old currency, but the value remains the same. Under the proposed redenomination, the Iraqi government would issue a new dinar note that will be equivalent to 1000 current dinars. The exchange rate would be 1.17 new dinars to the dollar, equivalent to 1,170 current dinars to the dollar. http://www.realscam.com/attachments/f12/1576d1348185792-bayshore-capital-investments-bh-group-bhgroup_indictment.pdf Some dinarians have read this and still cling to the big RV fantasy, dismissing the wording in the indictment as "smoke". Folks, you don't put a case like this together without making sure it's solid. If there was any chance that Iraq would revalue their currency to any substantial amount the prosecution wouldn't have included any reference to it in the case for fraud IMO. They would just prosecute them on the hedge fund and money laundering stuff. So we can see here that in the case for fraud the indictment lists the misrepresentation of the CBI's proposal to remove three zeroes (a redenomination or "lop") as an RV that will make investors wealthy overnight. Some of these gurus took notice and quit saying that we're gonna be rich when they remove the zeros. Thus the float theory. The problems with the float theory are numerous. First of all, countries as unstable as Iraq don't float their currencies as a rule. It would hurt their economy to subject the dinar to the volatility that a free float would present. Secondly, nothing in Iraq's history suggests that the official value of the dinar is being artificially held down. To the contrary, it appears that it is being propped up considering the difficulty Iraq has had in keeping the market price in the same ballpark as the official value as it fluctuates from 1200-1300 IQD to the dollar. The often touted story from 2004 about the CBI buying back dinar with USD to keep the dinar from appreciating too much was a reference to the market price, not the official value. Remember, the IQD is pegged to the USD so the official value can't appreciate apart from a decree from the CBI. It has been eight years since they had any concerns about the market price going too high in Iraq. The problem now is the value going too low. Additionally, a float does nothing to reduce the money supply, which is the reason the dinar's value is so low in the first place. Until the money supply is significantly reduced a float would likely result in depreciation rather than appreciation. It is my belief that when the CBI makes a reference to floating the value of the dinar they're either talking about a managed float of a few % with the official value or they're talking about raising the market price via the auctions by manipulating the money supply within Iraq. They have no intention of putting the dinar on a free float in the international market IMO. Another issue that keeps coming up is the Feasibility Study from the Ministry of Planning in Iraq. Supposedly this study shows us the real value of the dinar at $3.20 but they can't come right out of the gate that high. They need to RV to something like $1.13 and then slowly float up to $3.20. I would like to put this Feasibility Study nonsense to rest once and for all. It has nothing to do with the IQD. It refers to the official value of the dinar as $3.20 but the dinar's official value has been less than a tenth of a penny since 1995 according to the CBI website, so it has to be at least 17 years old. I think you'll find that the study was published in 1984 and revised in 1990 regarding the old Saddam dinar (thanks to Brian for the info on this). From the website for the Ministry of Planning we read: In turn, The Guidance For Technical And Economic Feasibility Studies And Post-Project Assessment Of Development Project (Regulations No. 1 for the Year of 1984 and it’s amendment for the year of 1990) has specifies a series of steps to be undertaken, which lead to the completion of a Capital Budget. http://www.mop.gov.iq/mop/index.jsp?sid=1&id=295&pid=259 Then if you click on the 7th link that says "The Exchange Rate of Foreign Currency in Economic Feasibility Studies" you will find the study in question. The real value of the IQD is not $3.20. It's not $1.13. It's not $.86. It's a tenth of a penny. According to the CBI website's financials there's 72 trillion dinar in the M2 money supply. This study was conducted when Iraq's money supply was measured in the billions, not trillions, so it makes no sense to base any analysis or investment decisions on anything in this report. Then there's the dong. When all else fails pump the dong. Think about it, folks. Vietnam has had over 35 years to raise the value of their currency. And it keeps going down. Why? Because they want it to, that's why. "The government has pushed to lower the value of the Dong in the hopes of pushing up exports and fostering export oriented economic growth (also referred to as export led development)." Vietnam's economy is growing, and countries with emerging economies like this prefer a depreciating currency to an appreciating one so that they can pay their debt with cheaper currency and increase their exports. Prior to the 1970s most mortgages in the US were fixed-rate mortgages. In other words, the homeowner paid the same interest rate for the duration of the mortgage. When double-digit inflation hit in the late 70s many homeowners were paying 7 or 8% interest on homes that were appreciating at nearly 15% a year and interest rates were higher than that. Lenders were losing money and the homeowners were loving every minute of it because they were paying off the mortgage with cheaper dollars on a home that was rapidly increasing in value. Lenders were actually bribing them to refinance. This is what led to the emergence of ARMs (Adjustable Rate Mortgages). Lenders wanted to cover their arses in the event of an unforseen recurrence of high inflation. In the same way countries like Vietnam can pay their bills with cheaper currency by allowing it to depreciate somewhat, so long as it doesn't get out of control. The only reason Vietnam would have for raising the value of their currency is if inflation was a concern like it was in Iraq from 2006-2009 when they were raising the value of the IQD by about 9% a year. Believe it or not neither Iraq, Vietnam, nor any other country is going to raise the value of their currency just to put wads of cash in the pockets of speculators. That's a shocker, huh? There's a few other topics being bandied about in the dinar world like Ban Ki-moon and Chapter 7 (irrelevant), and the Kurds (ditto). Breitling is telling people that Germany's currency returned to its pre-war value in eight years so Iraq is dragging their feet a bit. In fact the German deutschemark didn't "return" to anything. It replaced the pre-war currency the German reichsmark in 1948 so any notion that a currency can return to its pre-war value without a redenomination isn't supported by the history of the deutschemark. FootForward is telling people that hedge funds drove the Kuwaiti dinar up to $9 after the Kuwaiti "RV" in 1991 which is about as accurate as his World Series prediction. BGG is still talking about Maliki, Shabibi, Barzani, Talabani, Allawi and everybody else in the GOI and CBI who might have something to do with Iraq's currency reform, as if any of this is going to lead to substantial profits for any of BGG's listeners. And the dinar? Well, last I checked it hasn't done diddly. That's a shocker too, huh? I actually thought that removing Shabibi might bring about some increase in the dinar's value but it looks like his replacement is content to leave it be. This is the time of year when gurus traditionally start setting dates and telling everybody it's going to be a very Merry Christmas and a very prosperous New Year (read BIG RV!!!). And of course the holidays come and go and ..... nada! Just a reminder of what to expect. Last year I wrote a post called A Letter to Santa in which I asked to see some pumpers go to jail. Well Santa delivered four indictments in September so he's halfway there. Good job, Santa! Now I am making the same request this Christmas. How about a few more indictments in 2013? You can do it, you jolly old elf! I know you can!"
  6. This comes from another ignorant Sheeples Dinar Moderator... "Keep in mind that most all of the IQD held in the U.S. will not be exchanged for lower denominations of IQD... Most of the 3 zero notes held here will be exchanged for USD and the US Treasury will then exchange those notes for oil. The notes will literally be destroyed and removed from the Iraqi money supply. Also keep in mind how much IQD the US Government is reported to be holding. None of those notes will be exchanged for LD's either. HAUS" Pure Bunk.
  7. PD member Indraman is a little concerned... "Does this statement worry anyone?? "He also said that deleting the zeros would contribute to the reduction of the size of inflation and also to the reduction to the size of money supply in the market of 26 trillion Iraqi dinars to near about 25 billion dinars..." http://www.iraqdirectory.com/DisplayNews.aspx?id=21713 I guess my concern is how they will reduce the money supply. I personally believe they have been removing IQD already, but the question is how much is left? If we take this statement at face value and there really is $26 Trillion IQD still left in circulation, this would not be good for our investment, IMHO. Indy" ...................................................................................................................................... Dumb azz Moderator JugDawg replies... "What you're forgetting is that a whole lotta countries, including ours, will be holding many billions or even trillions of dinar in their own treasuries just like Iraq and many if not most countries has USD in theirs. If that makes sense. Carpe Diem" ......................................................................................................................................... You got a link Juggy, or did u get this BS from your boy Steve...or Okie Oil Scam??? You friggen box of rocks.
  8. Will this do? http://www.rferl.org/content/iraq_said_planning_currency_overhaul_redenomination/24245867.html "In the longer term, Saleh said a redenomination was needed wherein three zeros will be dropped so that the 25,000-dinar banknote -- currently the largest denomination -- becomes a 25-dinar note."
  9. I think I've posted Iraq's M2 numbers a few time. Lol I'm actually having a blast. Enjoy your evening.
  10. All capital letters and a bunch of exclamation points. PD's OCRUSH doing what he does best....PUMP!!!!!.... "NOW BACK TO BUSINESS! YES THE 17TH OF THIS MONTH WILL BE THE CATALYST OF OUR RV WITH THE RELEASE OF CHAPTER VII! :shakehead:/>/>/> :shakehead:/>/>/> :shakehead:/>/>/> MOON IS FLYING TO KUWAIT TODAY AND WILL BE MEETING WITH KUWAITI AND IRAQI OFFICIALS ON THE 5TH AND 6TH! HE NEEDS TO WITNESS AND MAKE SURE ALL IS DONE CORRECTLY FOR IRAQI'S RELEASE! THIS NEXT FEW DAYS YOU WILL ALSO WITNESS PARLIAMENT VOTING ON LAWS TO DISTRIBUTE THE MONIES WITHIN THE BUDGET BEFORE THE 2013 BUDGET IS VOTED UPON! WE SHOULD ALSO WITNESS THE 5 YEAR PLAN TO BE VOTED ON BEFORE DECEMBER 14TH......SO LOOK FOR IT!! THIS IS BY FAR THE MOST IMPORTANT MONTH FOR IRAQ TO MOVE AHEAD AND TRULY BE AN INDEPENDANT COUNTRY! AS FAR AS THE GOI I THINK THEY KNOW THERE OUTCOME! THE MEDIA HAS NO IDEA WHAT IS GOING ON BEHIND CLOSED DOORS! ONCE CHAPTER VII IS LIFTED YOU WILL SEE A MEDIA BLITZ AND CELEBRATION IN IRAQ!!!! FOLLOW THE TIMELINE I PROVIDED BECAUSE WE ARE TRULY TOWARDS THE END AND I CAN' T WAIT FOR THERE NEW ANTHEM AND FLAG TO BE APPROVED AND SHOW IT OFF TO THE REST OF THE WORLD!!! (PROBABLY AFTER THE RELEASE OF CHAP VII). IT WILL BE SYMBOLIC FOR THEM AND SOMETING TO BE PROUD OF!! THE IPO OF ASIACELL SEEMS TO BE A GO ALSO!!!! THANKS FOR THE EMAIL HOPESWAY!!!!!!!! HOW EXCITING AND TRULY SEEING HISTORY IN THE MAKING!!! CHEERS TO ALL AND GOD BLESS YOU!!" ............................................................................................................. He's setting those poor PD SHEEPLE up for some major disappointment. I've got popcorn ready, the meltdown over there will be so entertaining...it always is. :lmao:/>/>/> :lmao:/>/>/> :lmao:/>/>/>
  11. ................................................................................. John is no Stevei, Frank26, or Okie Oil Scam. Here's a breif bio... "I graduated from Utah Valley University with a degree in Business Administration where I emphasized in accounting and finance. I later completed the PLD at Harvard that has a strong international business focus. I have spent most of my career as an entrepreneur, which led me in two directions that eventually converged to form my current occupation. The first direction was to become involved in private equity (AKA venture and angel capital), which gave me experience in investment and risk analysis. The second was my experience (early in my career) importing products and equipment from Asia. While I was doing that I was frequently hedging currency risk and the currency-trading bug bit me. I haven’t turned back. In 2003 I left entrepreneurship briefly and went to work with Investools, which was a roll-up of several online companies focused on investor education and information. Investools later acquired the options-brokerage thinkorswim (Barrons’ #1 rated), which was later acquired by TDAmeritrade after I left the company. I was a Vice President at the firm and was responsible for content, training, and client education. Working at thinkorswim Group I had the opportunity to get to know how individual investors work. This gave me a lot of insight into the biggest mistakes they make as well as the commonalities among successful traders. For a brief period I was also a principle for a small CTA (NFA registered) focusing on forex trading, but left the industry when regulation changes in the U.S. pushed so many domestic traders overseas. I currently still write two option advisory letters that have done well. I ended 2011 profitably, which is “pretty good” in my book even if I didn’t blow the doors off. I have written three books published by McGraw Hill. Two of these were about the international currency market or “Forex”. The third is on gold investing. I am currently writing a book on the coming (in my opinion) bond market collapse. I regularly write and record videos for online publications including Nasdaq.com, Scottrade, International Stock Exchange (ISE), LearningMarkets.com, Mint (an Intuit company) and Alpari among others."
  12. This is from Currency expert John Jagerson... "In absolute value terms the most significant RV in history was the RV of the Chinese Yuan in 2005 that is still ongoing. The exchange rate has actually moved in favor of the yuan 31%. However, there are slim pickings for this kind of RV. Usually an RV is done to lower your currency’s value. The Bank of Japan does this periodically by budging its exchange rate down by a few percentage points that usually evaporates within a few weeks. The Swiss National Bank did it last year when they pegged to the Euro but the change was just a few percentages then as well." ............................................................... Notice how he didn't mention Kuwait? Ha Ha!! Didn't happen folks. ............................................................................. Here's what John says about Kuwait... "Stage one – Fall 1990 Iraq invades and replaces the Kuwaiti dinar with the Iraqi dinar as the “official” currency. The Kuwaiti government was essentially in exile. However, because of the way currencies were managed in the early 1990’s the official rate for the KWD never changed. The UN condemned the invasion and no one of any consequence recognized the right of Iraq to replace the government and currency of Kuwait. There are many anecdotes floating around that you could have bought the KWD for a fraction of its original value on the black-market for a few weeks during that period but I don’t know of anyone brave enough to come forward and admit (and prove) that they did it. Stage two – Winter 1991 The U.S. led invasion and liberation of Kuwait was chaotic to say the least for money supply in Kuwait. I have again heard anecdotes of people being able to buy KWD on the black market during this period but the official exchange rate was still the same. The old Kuwaiti government was restored following the withdrawal of Iraqi troops. This is really important => Unlike Iraq, the same government, currency, central bank, money, and civil system was in place before and immediately after the Iraqi invasion. Stage three – September 1991 The KWD was redenominated with new bills in 1991. This means that the old bills held by the public were exchanged for new bills. Sometimes redenominations are done at a ratio (referred to as “lopping”) but this one was 1:1 straight across. Theoretically it is possible (this is a big “if”) for some investors who had bought KWD on the black market during the occupation to have made a big return but there are no known institutional investors who have admitted engaging in that activity and I suspect that the few people who did it are keeping quiet since war-profiteering is generally an unpopular if not illegal thing to do. KWD Exchange rates The KWD has been pegged to a basket of currencies (dominated by the dollar) or the dollar itself since 1975. Since the mid-1980s when the dollar was released to float more freely the KWD has had an exchange rate that has ranged between $2.78 and $3.10. This includes the period of the Iraqi invasion and the U.S. invasion of Iraq in the early 2000s. The bottom line is that if you had 1,000KWD worth $3,000 before the invasion you still had 1,000 new KWD after 1991 that was still worth about $3,000 assuming you were able to exchange your hard currency. No one profited from the invasion."
  13. Sorry for screwing up your day. Go listen to some Okie..it'll cheer you up. Take care.
  14. I sold the bulk of my holdings a while back at a 10 percent loss. I'm holding 1 million for kicks and giggles...perhaps to wallpaper a wall in my man cave one day, or make little paper airplanes out of them and sell them at the flea market... who knows.
  15. ...................................................................................................... It's obviously a real currency, but This whole idea of a big IQD RV, is being pumped by con artists like Stevei and Frank26 to scam non-professionals who don’t know how the currency market works. You'll be very fortunate to walk away from this thing at break even...after the smoke clears.
  16. PD member Edward had this to say to me when he heard I was posting Steve's lies over here.... "Dear Seetrader: Like many, I've read your many posts. May I please speak into your life, (spirit) and tell you that God really "is" love. That's what He's all about. Good things. Righteousness. His commanding will, based upon His very nature, is that you would make it a daily practice to virtually LIVE (agape) love and be just like Him every single day so as to be "like your father in heaven." Let it go and instead love. Do the exact opposite. Don't allow the Enemy use you any longer. Jesus loved you enough to die for you so you could be forgiven and thus free to forgive. His gospel is just that simple dear friend." ........................................................................................................ Hi Edward, Thanks for your concern...Save a few prayers for Stevei when the feds arrest him and toss him in a jail cell next to the BH Group. Save some for yourself and the other sheeple when you all wake from your coma's and realize that this whole idea of a big RV was a scam. Peace.
  17. I tuned into one of their conference calls back in early 2011 and remember Ray saying that Joe Iraqi would take his 25k note to the bank and exchange it for 1 new 25 dinar note, and they both would have the same value. The moderator JoeP about had a stroke and exclaimed, "BUT RAY...THAT's A LOP!!" Needless to say Ray came into the forums in the morning and changed his story.... after a good tongue lashing from lord Steve I'm sure. :lol:
  18. Pumper Ray from 5 minutes ago... ..................................................................... "Thanks Steve for summarizing everything to date. There are more things headed our way in the next 15 to 30 days. I truly feel that December will be full of good news. Everyone just needs to keep their eyes open and be patient a little longer. I think this ride is about over. Blessings, Ray" ..................................................................... :rolleyes:
  19. Remember the Nevada LLC scammers that Steve allowed into his forum...he even had them on few conference calls? They were charging folks a $1400 annual renewal fee!!!!! Steve could never convince me that he wasn't getting a hefty kick back on that one.
  20. Here's a few snippets from Steve's June 15 2011 update... .................................................................................. "Many have asked me as to my investment, I will share this with you without being specific; I truly believe in this investment that I have over one billion IQD worth of money. So, now you have it, if SteveI has and believes, then you should too." "As a partner in an actual Iraqi business, trust me, I know very well what is going on." "Believe it or not, I know the true facts of how this will play out. I was very disappointed when it did not happen by May 10th, my predicted date. Once I realized that the Iraqi 2011 budget was not official published, then I had to stop and regroup." "I also believe I know when it will happen. The reasons are not from news articles, but rather information from my partner in Iraq." .............................................................................. Wake up PD.
  21. One of the most ignorant pumpers of them all...PD's OCRUSH...Voices his approval of Steve's silly update... "GREAT POST BOSS!!!!!! ALL THINGS GOOD COME TO AN END!!! POST RV WILL BE AWESOME AND CELEBRATORY!! WHEN THE RV DAY COMES WE SHOULD CALL IT A PD HOLIDAY WE CAN ALL MEET AND HAVE A CHEER OR TWO. GREAT JOB STEVE!! CHEERS TO YOU AND YOUR FAMILY" "I LOVE THIS FORUM!! WE HAVE HONEST AND BLESSED INDIVIDUALS HERE!! THANK YOU FOR GIVING US SUCH A GIFT!! YOU ARE AWESOME!! TO ALL THE PD'ERS GOD BLESS YOU AND YOUR FAMILIES!! MY FAMILY LOVES YOU ALL!!! TEAM WORK BABY!!!!! CHEERS STEVE AND ALL THE PD'ERS" ......................................................................................................... I remember when I was almost banned for trying to explain to OC that Kuwait never RV'd. Dude busts out that silly New York Times article that's OBVIOUSLY talking about an RD... Just another one of the sheeple.
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