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fsmith403
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Posts posted by fsmith403
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What site did this come from?
And why would someone neg this post? It's not the their speculation... it was pulled from another site... D U H.
Or maybe it was a neg directed toward the "info".... just a thought.
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I have been back since sep 09 but thanks anyway..you are right dinar trade may have been what I was reading...thanks for all the posts thug..lol...quite hillarious..
No worries, there were rumors out there that DB wasn't selling either.
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...C'mon guys(gurus), Not only are they not NOT selling, they are offering specials as well. Where do these "guys" come up with this stuff? However, safe dinar's lower notes are on back order, but have been in the past as well. It's so easy/convenient to see what gurus are saying/writing(fiction) that it is hard not to click on there and read a little. But, slowly I am learning to discount anything they might have to say. I'm guessing it wont take much effort to see an RV here(dinarvets), once it has occurred, eveyone here will have much to $ay about the truth, good morning Dinarians....PS, I'm pretty sure the banks in Hawaii are closed by now as well, just saying, we're still not there yet.
Thanks for the post. I too called Dinarbanker.com to see whether or not they were still selling, and what to you know, they are. It amazes me how people just sit around and listen to the "gurus" provide all of this false information and believe every word they say, rather than call the source directly for their information.
Not trying to be mean, but most of these people need to get a life!
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What news are you reading, that makes you think it's accurate? Even S himself said things like in Dec we will change the value of our currency very soon. Define soon!
It's all speculation until it happens, in my opinion.
You can say that again! Anyone can say what they THINK is going to happen, but I won't believe anything until I see it with my own eyes.
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Does anyone have any information regarding cases where the Iraqi 25,000 note has been counterfeitted. I've seen sites stating that the 10,000 notes have been counterfeit. Has this happened with the High Security 25,000 notes. Please let me know what you have encountered.
Thanks Ed
I haven't heard any news of the 25,000 notes being counterfeited, let others tell it, it's almost impossible.
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Being a very novice investor who has bought Dinar and certainly quite new to the understanding world of global banking I was wondering if there is someone here within this site That I can have a balanced question and answer discussion with...There is much I need to understand and I have many questions and expectations...but there is much I need to understand...No knockers nor naysayers please just persons who have a good knowledge of the global workings and patience to answer my questions.....please feel free to send me messages I will politely answer all ...Thank You
When you find someone who can give you some straight answers on this site...well let's just keep it at good luck.
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This has probably been answered before, but does anyone else wonder why the people who sale IQD would just hang on to their dinar rather than sell?...I mean if they really believe this is going to happen... And I've also noticed people selling their personal dinar, which seems to me that some are getting information the rest of us are not privy to or they are tired of the wait or they have had a revelation of how this is probably a long shot...
Please don't bash, I just want to know what your gut tells you about this very speculative investment .
Yes, you've definitely answered your own question. I have though about this before as well, but I don't think the dealers would sell currency and not have some set aside for themselves. Doesn't really make sense to me!
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1 - None of your big beeswax if I even have 401's...
2 - IT'S NOT A "NEW FOUND WEALTH" IDEA... it's simple, basic speculation
and again --- none of your big beeswax...
3 - "truth" is, I it's not [yet?] an "INVESTMENT"
3.5 - "Truth" is -- I don't care for this nosey poll!
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I reached my quota of NEGS for the day, so I can't Neg ya back---
suffice to say, YA GOT ONE COMIN" to ya, pal!
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make that TWO... ya big crybaby!
Wow, what an attitude!
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Ok, I was real worried, but someone was telling me that George Robinson recommended only DinarTrade and Dinar Banker, and not to buy Dinars anywhere else, so they told me they thought I got scammed from GID, Thanks for the posts
Remember that you can't believe everything you hear.
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I could be wrong because I don't check every or even most of the guru chats but . . . . here we actually had a rate change and NOBODY called it ahead of time. In fact NO ONE even could explain it until after it happened and CBI did! So what good are gurus? I know (rhetorical question). I just find it amazing how people say they know all kinds of things but they don't know much more than I can read off of the CBI site or news articles. Especially news as it relates to dates and rates. It makes me appreciate Adam's thoughts all the more because he wasn't out there making up what he didn't know and spouting it off like it is fact about the recent rate change. We won't know till it happens and when it happens we will all know!
And let the church say AMEN! That is so true!
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Please excuse my ignorance, I am by the way new to a lot of this and I have a question about the new buzz floating around here...
Why is everyone so happy about a change in the value of the US currency? Last time I checked, weren't we supposed to be happy about a change for IQD? How in the world do they go hand in hand?
All this talk has me a little confused.
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The ID is not moving...the dollar is moving and changing the exchange rate. As has been pointed out many times, these changes mean nothing. The ID is not traded, the dollar is.
Finally, someone with some sense!
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You guys do realize that websites go down with there being some secret reason as to why. I'm just saying you guys shouldn't get all excited thinking this has something to do with an RV..
Don't get upset, it's just my personal opinion.
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Just don't shred them when you get them.
Yes, definitely don't shred them!
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Then it had to have already RV'd.
... 
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Anyone know the rate? what is the bestest bank to cash in with on tue. morning? I will be emailing in my resignation from work in a few min. 
Will be cashing in on Tue. and wil return Wed. to work to clean out my desk. 
I think I will hold on to my letter of resignation until I know for sure!
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The numbers 2 and 3 in arabic are very similar.
Hope this helps verify individual numbers for your notes.
Thanks for that information. Some of the Arabic symbols are very similar.
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Interesting... But until things show on Forex and CBI.IQ as far as I am concerned it is a rumor..
I'm with you on that. Just a rumor for now.
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Get to know the difference between a QUESTION, a NEWS STORY, and a RUMOR, and this forum won't have half the unrelated garbage in it that needs to be moved. Thanks!
I definitely agree...
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We know we have no control over what is going on with the dinar. Lets just relax and think good things. For fun lets say it RVs tonight and we all know how much money we wil have. What are you going to get your self(just you right now) with the money first.
I saw the house I want and think my wife and daughter will love it. how about you?
Buy a house and pay off all of my existing bills! Best plan ever!
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Ya, stop listening to Breitling. He's full of it with this lower denom BS. Just buy the big notes and save your money!
A dinar is a dinar is a dinar!
Makes sense to me!
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I know, I hate too face it too, I've been tracking this investment since the beginnings and I never thought it would have taken so long!!! But you're right!!! When I first got into this investment some would say "It may take up to 10 years before we see any huge returns" well 2013 would be ten years, BUT...with the finanical crisis I assumed that the process would have been expedited thus shorting the so-called ten year process maybe down to 7 years......NOPE it didn't happen. I'm optimistic that it will happen.
FACTS: Once they go public, The International Financial Reporting Standars (IFRS) will not allow them to circulate those large denominations concurrently with the "newer" smaller denominations and still have equal and same purchasing powers!!! For giggles and grins lets say "they actually make an attempt to operate their country in this manor, the USD is still the reserve currency and under the Sarbanes-Oxley Act our financial system would wipe them out before their total transition would be complete." Today the CBI purchases daily only what they need in USD to get them thru the day!!! THERE ARE RULES TO THIS GAME, WE DON'T HAVE TO KNOW WHAT MALIKI OR SHABIBI IS THINKING!!!
SOME FYI:
International Financial Reporting Standards (IFRS) are principles-based standards, interpretations and the framework (1989) adopted by the International Accounting Standards Board (IASB).
Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On April 1, 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and Standing Interpretations Committee standards (SICs).
http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards
Underlying assumptions
IFRS authorize two basic accounting models:
I. Financial capital maintenance in nominal monetary units, i.e., Historical cost accounting during low inflation and deflation.
II. Financial capital maintenance in units of constant purchasing power, i.e., Constant Item Purchasing Power Accounting – CIPPA – during low inflation and deflation and Constant Purchasing Power Accounting – CPPA – during hyperinflation. Financial capital maintenance in units of constant purchasing power is not authorized under US GAAP.
Constant-purchasing-power accounting (CPPA) is:
a consistent method of indexing accounts by means of a general index which reflects changes in the purchasing power of money. It therefore attempts to deal with the inflation problem in the sense in which this is popularly understood, as a decline in the value of the currency. It attempts to deal with this problem by converting all of the currency unit measurement in accounts into units at a common date by means of the index."
I've asked questions to get a clear verification of this, It appears the U.S. General Accepted Accounting Principles don't like floating the value of the currency based off a daily index of inflation highs and lows in other words set the rate and buy and sell currency as needed!!!
The following are the four underlying assumptions in IFRS:
1. Accrual basis: the effect of transactions and other events are recognized when they occur, not as cash is gained or paid.
2. Going concern: an entity will continue for the foreseeable future.
3. Stable measuring unit assumption: financial capital maintenance in nominal monetary units or traditional Historical cost accounting; i.e., accountants consider changes in the purchasing power of the functional currency up to but excluding 26% per annum for three years in a row (which would be 100% cumulative inflation over three years or hyperinflation as defined in IFRS) as immaterial or not sufficiently important for them to choose financial capital maintenance in units of constant purchasing power during low inflation and deflation as authorized in IFRS in the Framework, Par 104 (a).
Accountants implementing the stable measuring unit assumption (traditional Historical Cost Accounting) during annual inflation of 25% for 3 years in a row would destroy 100% of the real value of all constant real value non-monetary items not maintained under the Historical Cost paradigm.
4. Units of constant purchasing power: financial capital maintenance in units of constant purchasing power during low inflation and deflation; i.e. the rejection of the stable measuring unit assumption. See The Framework (1989), Paragraph 104 (a). Measurement in units of constant purchasing power (inflation-adjustment) under Constant Item Purchasing Power Accounting of only constant real value non-monetary items (not variable items) remedies the destruction caused by Historical Cost Accounting of the real values of constant real value non-monetary items never maintained constant as a result of the implementation of the stable measuring unit assumption during low inflation. It is not inflation doing the destroying. It is the implementation of the stable measuring unit assumption, i.e., HCA. Only constant real value non-monetary items are inflation-adjusted during low inflation and deflation. All non-monetary items (both variable real value non-monetary items and constant real value non-monetary items) are inflation-adjusted during hyperinflation as required in IAS 29 Financial Reporting in Hyperinflationary Economies, i.e. under Constant Purchasing Power Accounting.
http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards
MORE FYI:
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The Sarbanes–Oxley Act of 2002 (Pub.L. 107-204, 116 Stat. 745, enacted July 30, 2002), also known as the 'Public Company Accounting Reform and Investor Protection Act' (in the Senate) and 'Corporate and Auditing Accountability and Responsibility Act' (in the House) and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002, which set new or enhanced standards for all U.S. public company boards, management and public accounting firms. It is named after sponsors U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley (R-OH).
The bill was enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in the nation's securities markets.
The act contains 11 titles, or sections, ranging from additional corporate board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the law. Harvey Pitt, the 26th chairman of the SEC, led the SEC in the adoption of dozens of rules to implement the Sarbanes–Oxley Act. It created a new, quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, charged with overseeing, regulating, inspecting and disciplining accounting firms in their roles as auditors of public companies. The act also covers issues such as auditor independence, corporate governance, internal control assessment, and enhanced financial disclosure.
The act was approved by the House by a vote of 423 in favor, 3 opposed, and 8 abstaining and by the Senate with a vote of 99 in favor, 1 abstaining. President George W. Bush signed it into law, stating it included "the most far-reaching reforms of American business practices since the time of Franklin D. Roosevelt."[1]
Debate continues over the perceived benefits and costs of SOX. Opponents of the bill claim it has reduced America's international competitive edge against foreign financial service providers, saying SOX has introduced an overly complex regulatory environment into U.S. financial markets.[2] Proponents of the measure say that SOX has been a "godsend" for improving the confidence of fund managers and other investors with regard to the veracity of corporate financial statements.[3]
http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
People, It appears that Iraq has decided they don't want to be apart of the Global Markets due to the course of actions they have chosen and the prolonging of implementing their currency publicly. I am reasonably confident of the mechanisms that regulates the markets unfortunately to error is human and if the leadership is faulty the system is broken!!
Thanks for the FYI! Very informative
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How much? Contact details?
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Thanks! Great information!
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in RV & Dinar Questions
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For those of you who decide to just post comments BEFORE reading, he was just asking for a guesstimate. It's not like he asked for you to post how much is in your inventory or better yet, your address
WOW defensive a bit? Calm down
It sure is better to take a break to participate in a poll than having to deal with ALL this "guru" nonsense.