nbr3bagshotrow

I guess when the Executive Director, Christine LeGuard (sp), says Iraq will have a strong currency, then if it's $0.10, her definition of strong is a lot different than most.

Sorry, this was posted at a different site. The main reason that Iraq will RV at $3 plus is basically a banking "TRICK" called "fractional banking"..this is posted below and probably should be required reading for all new investors ENJOY!!!!!!!! How Fractional Banking Economics will allow a high RV EXPLAINED: First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread. What You Will Receive: If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account. What Your Bank Will Receive: Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their capital account. If you don’t understand the Fractional Banking concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% Fractional Banking model. What the US Treasury Will Receive: First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the rich category and get to enjoy the 35% tax bracket. This lowers the net cost of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their net cost from $6,500 to $4,000. Oil Now Enters the Picture: At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves. ===================================== How the CBI RECAPTURES the Money: The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 .50 .35) ===================================== What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it. ===================================== The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq. ===================================== More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.) ===================================== Other Factors that Strengthen Iraq’s Position and Ability to RV: *DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD. *CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15) , while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated. *Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury. *Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets. There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a manageable and reasonable something that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions even by Black Gold. So, here’s the summary for all the players involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture: *Investor’s Net Gain: $10,000 $200 = $9,800 x .65 = 6,370 for an investment that cost $10 *Bank’s Net Gain: $200 added to capital account, plus $2,000 they can use to loan out. *US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000 *CBI/GOI/Iraqi People Net Gain: $12,500 $162.50 = $12,337.50 + Profits from Other Factors *Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20 This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!! In this scenario, EVERYONE WINS and the IQD is slowly (over 2 years) taken back in to the CBI eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the great bleed over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

Sort of sounds like our congress.

And on the 10th the Iraq/Kuwait High-level Coordinator report due

Poll is an interesting take on all the recent intel provided.

Where is the thread that had the individual who met glenn beck and asked aobut whether his comment on the radio referred to the IQD?

Which is pissing off the Iraqi Government. Can the Kurds actually say "We're out of here" and declare independence to control their own oil?

Personally, the Kurd/Sunni/Shiite division is what I see as the greatest roadblock to a RV. It was reported today that Exxon inked an oil deal with the Kurdish Regional Government without Baghdad's approval. And Baghdad is calling the agreement illegal. It appears to me the Kurds want independence but that would cause all sorts of political issues in the area. What's everyone else's take on the whole Kurd/Sunni/Shiite issues and can they live together under one Iraq government?

Do you really think the US will idly sit by if this happens?

As a newbie to this dinar valuation thing please help me understand this. Are these non-iraqi banks selling to the CBI or is it the CBI selling to non-iraqi banks?

So, I'm a noobie. Does RD mean Re-domination?

I'm new here so go easy on me. A friend (who owns 7.5 million Dinar) turned me on to the whole Iraqi Dinar RV thing and after my research I figured it was worth the risk. I see just as many pros/cons links on the internet and this bet seems a ton better than betting on the lottery. Anyways I purchased 5 million Dinar on the gamble. So I'm hear rooting on the RV to happen but worse case I can write off the $5,000 investment or possibly get my money back. Iraq looks to be slowing coming into the main stream and that can't be anything but good as long as the 3 factions can come to some sort of common sense reality. The Iraqi government has to get a handle on the corruption issues and continue down the path of helping out their people. So I'm hoping for a minimum RV of $1 and then I can be happy. Any more than that is just icing on the cake.