Goodlife

Yep thats interesting alright. At least we have some interest to show for the time. So its not all bad. "Guru Goldie" has a nice ring to it

Fair comment. Iraq does still have a swag of USD and growing.

What if the USD crashes. Will the IQD follow or hold its own. We might then see a type of RV in reverse that helps keep your money safe. There are some very unsettling and disturbing financial issues going on with the USD and its future strength. Just looking outside the square

Sometimes I wonder if the Iraqis deliberately distribute RV teasers to encourage the foreign currency sales in order to increase their US funds account. Selling Dinar could be their second single biggest export earner after petroleum products. has anyone looked at that? As far as I know the Iraq customs will strictly limit the amount of IQD coming back into the country. It is only really traded by Dealers who have no need to get it back to iraq due to the demand outside Iraq. Are the Iraqis themselves the biggest pumpers? There has been a constant stream of "its going down tomorrow" or "next week for sure" etc for the 3 years I have been involved with this. Yes i know dealers make good money encouraging pumping but its the actual original source thats interesting. It would be easy for the Iraqis to release this sort of information to credible sources who dont necessarily know they are been pumped. Its a good business for the CBI. Selling something that they make hard to buy back and that doesn't screw up their internal economy. Its held outside the country by Dinar investors and doesnt actually interplay with their economy to increase inflation. I have a suspicion that The Iraqis will make it very hard to cash across their border when time comes. I'm not saying the currency will not eventually increase. But dont you get the feeling that we are been played a bit. They are after all one of the most corrupt countries in the world.

I have had some dreams that I believe are about Iraq and prosperity. They started long before I knew anything about the Dinar. Only tied them together a few years ago. There are random brain inspired dreams and then there are given dreams. They are very different. One is conjured up and the other is given. Its the given ones to watch out for. They are clear and often have knowledge. They also have purpose. The Lord gives dreams without doubt. Those who say nay have never had them or do not recognise them. If they did they would know they are real. I have had many. This is how the Lord communicates to me. They warn me and advise me. They have been proven accurate. I really started taking notice of them when New Zealand was defending the Americas cup. I had a dream before the challenger (Alinigi ) had qualified to challenge . The dream had vision and an understanding that New Zealand was going to loose 5 zip and it would be embarrassing to them. Thats exactly what happened. Their mast broke in one race and it didnt go well with the other races. 5 nil defeat. Thats when I knew the Lord was getting my attention to take notice of the dreams. I had plenty before this but didnt take that much notice. I can tell you this that according to what I have seen in one of my most graphic dreams given - is that there will be a communist and possibly socialist uprising and it will involve America. It will be a surprise attack and have an underground uprising from within. It will be a tiring war and will damage the military but America will eventually prevail. This was one of my clearest dream visions I have ever had and I saw snippets of it from start to end. I was present in every clip, very real. I wouldn't be surprised if this communist threat arises out of a an economic depression. Thats when capitalism fails and gives room for communist / socialist type sympathies. I dont live in The US so there was no background motive or fear that could have triggered it. It just came. I have also seen the price of rice increase enormously. Like over a thousand percent. There is an economic storm coming and a war brewing . Dont know when. If this IQD increase doesn't happen I will be very surprised.

Warka still operating and receiving deposits. Not letting any out because of CBI intervention. RV should make the difference. I know of people still depositing Might take some time though to get your money back out. maybe later next year if it Rvs end of this year.

Any body else want to go to New Zealand.

I firmly believe the IQD will improve but I am getting tired of the BS. Some of these "guru"guys have got to be getting back hands or at least their sources. Time for a Dinar holiday I think

Simple question - Why would Iraq spend multiple millions on deleting 3 zeros just for the sake of having smaller notes when there are many countries with high exchange rate values eg Japan with a huge economy that get along just fine. It just doesnt make any sense to lop without just cause. Its unnecessary and pointless to just remove the zeros for Iraq at this juncture. They do not suffer from hyper inflation and haven't done for some years. Iraq cannot tell the world its going to RV so you cannot have the proof you are looking for, just clues. This removal of zeros has got to be one of the big clues. I repeat there is no good and sensible reason to remove these zeros unless there is something else at play which would require this action. There are far more important things to do in Iraq that would take precedence. I would also say that the IMF and World bank or anyone with a brain would not advocate Iraq removing the zeros for no reason other than making it easier to trade with smaller notes. It is impossible to win any debate with you on this matter as the absolute proof you are looking for cannot be given by Iraq and you should know that.

True democracy in a Muslim country seems very hard to find so I doubt that will benefit the US at all. The US should be holding large sums of Iraq foreign currency and there will be US treasury people who know whats going on in Iraq. The US oil companies faired very poorly in the oil contracts awarded a few years ago and most other companies have to compete aggressively for all big contrasts of any kind, no favoritism. I cannot really see many other ways that the US can claw back expenditure except via a RV . Surely thats the smart move. If the US knows the IQD will appreciate then its logical to hold large amounts of Dinar. Thats the logical way to gain back expenditure as thats the result of the US expenditure - a healthier economy. No different thinking than the thousands on this site except they should have better inside knowledge. I would be very surprised if the US did not hold very large IQD foreign currency.

US oil companies hardly scored at all in the big oil contracts a few years ago. No real benefit at all to the US and certainly no favoritism from Iraq. US oil has not done well in Iraq. So much for the war was about an oil grab. Russia, China and other nations have all scored major oil contracts and didnt spend any money on liberating Iraq. They couldn't have got these important oil supply contracts without the US and Iraq couldn't have awarded them. But its a no win situation - If US companies had got some decent contracts then it would have been finger pointing that the war was about the US getting the oil. Now its some major US rivals who get it in over the US without spending a dime to get access.

Sooner or later the Bull is going to fall through the floor and wont be getting up in a hurry.

The upside of waiting for this is that it tends to wear us down a bit and brings some wisdom and balance so we are less likely to go loose as a goose when it does come around. The hype has settled down for most of us and so as much as I wanted it to happen some years ago it has actually done me some good to wait. A bit like a most lottery winners going nuts and blowing most of the cash because they are not ready for it and its all hype and excitement. I'm in it for a long while. In fact I think it will tank fairly quickly after it RVs and then climb again later on. So I believe its a long investment strategy.

Govt( civil servant ) holiday immediately after current holiday, then the weekend. So no action until Sunday. They sure like their holidays in Iraq. Less holidays and more action would be better for the country. So nothing should happen about anything Govt / CBI until their Sunday at the earliest.

The point of the post is that Iraq has the resources to give it a broad and stable economic base and not just be a one trick pony with oil and gas like some other opec countries. Iraq also has a fertile agricultural delta to feed its country. Iraq has the potential to be the economic hub of the middle east and a major exporter to the world. This is early days. A perfect time to invest. Asset backed economics is completely logical and will better withstand the imminent financial depression fueled by short sighted hollow financial instruments.

I'm really hoping that the other person is the one eating paper. I would have no problem buying them a bottle of nice wine to wash it down. Its all good fun After Eid its a civil servants holiday until the weekend, so no RV this week as that includes the govt.

I dont see them doing anything this week as it gives them only 2 days after the holidays before their weekend starts on Friday I believe the earliest would be Sunday. Sunday works for them in that all the other Western banks are closed and its their first working day of the week. So in a way its their special day. If it doesn't Rv before the 12th of sept then I'm eating paper. (A little bet I have going on the side)

Exert from Iraq mining conference last year in London http://www.iraqmining.com/ Between the 7th and 8th of September 2011 attendees were given a revealing insight into the massive potential of Iraq's mineral and materials industries and the billions of dollars of potential wealth which could be generated, not only for Iraq but the world at large. (Not including oil) Referring to The Klondike gold-rush bonanza 200 years ago, one key-note speaker at Iraq Mining 2011 said: "I call this Iraq's Minerals Rush!" The sheer size of Iraq's mining and mineral resources are breathtaking. The conference was told natural deposits are some of the biggest in the world, including an estimated 600 million tonnes of native sulphur in the Mosul region, 10 billion tonnes of phosphates and 75 million tonnes of quartz sand under the Western Desert, 8 billion tonnes of limestone in Al Anbar and Suleimani, 50 million tonnes of salt in Al Anbar and Al Basrah. All these figures are thought to be conservative. There's gold under the Western Desert and in Kurdistan where there are also is millions of tonnes of zinc, copper and marble. Iraqi geology is also favourable to the discovery of platinum. The Conference heard the world's major mining and minerals companies are being offered deals worth billions of dollars, not only to extract but also convert Iraq's underground resources into key products for domestic and export markets.

https://www.cia.gov/library/publications/the-world-factbook/fields/2188.html I believe Eagle1 may have made a mistake and added foreign reserves with the Gold tally as described in the link. So the amount of Gold he states Iraq holds does appear to be incorrect. The reserves have grown since last year.

This a message to all the above Warka is doing business. It is on line. Its just not letting money out. CBI rule. This is deliberate I strongly suggest that all who have expired on line accounts that you immediately contact e services and cc it to Mohammad Issa. Make sure you do it during their working hours. It helps. There is a lot of information about these issues on this site. I suggest you get familiar - fast. Do not wait for Warka. Be proactive. My opinion - When it RVs I dont think the rate will hold so be prepared to convert to your US account quickly. Also, after RV dont expect to get your money out fast either. CBI isn't going to pressure the bank with withdrawals to line foreign pockets. Thats my advice for whats it worth.

Just found the above exert which I posted concerning gold was also posted on this site under Iraq news by David 68 in Feb 18th this year.

Spotlight on Iraq gold as fog of war lifts By : JOSÉ L. CARMONA josec@caribbeanbusinesspr.com; cbprdigital@gmail.com The recent discovery in Baghdad of what may be one of the world’s largest gold deposits could make Iraq a bigger producer of precious metal than oil, and help it pay its outstanding debt to Western countries stemming from the two Gulf Wars. What’s more, the gold vein found in an eastern Baghdad neighborhood is expected to increase the area’s real estate prices with the influx of hundreds, if not thousands, of gold seekers, according to a report by another site.com. As Iraq — with one of the world’s largest untapped oil deposits—continues to increase its oil production output for export, the discovery of large quantities of gold changes the economic landscape for the Middle Eastern country, noted James Méndez, president of Méndez Internet Management Services, an authorized money service business and Iraqi currency broker based in Puerto Rico. “This means that in addition to large quantities of oil, Iraq will have one of the world’s largest gold deposits, which ensures the country will have plenty of money to pay its debts and to cover the cost of the upcoming revaluation of its currency, which should happen soon,” Méndez told CARRIBEAN BUISNESS online. Mining operations continue in the upscale Aldajh area after the discovery of the existence of large quantities of gold in the soil, another site.com reported Wednesday. For more than two years, exploration and drilling have been going on under the streets in the region, extending from Fudhaliyah to Obeidi, where low-lying water channels are used for the diversion of rainwater during flood seasons. The drilling operations extend for several meters deep into the earth, except for longitudinal drilling spanning more than ten kilometers (6.2 miles), the online report said. So far the mining has raised thousands of tons of earth, which has been set aside in order to extract the gold particles, the report said. http://caribbeanbusinesspr.com/news03.php?nt_id=68200&ct_id=1 Yep - it was a surprise to me as well. Just goes to show that we need to look for news about Iraq. I believed before I read Eagle1 that something is going to go down before the end of this month. Now it just adds more spice. Either way I believe we have a good investment.

You cannot make absolute statements such as" its not going to happen". Its unprovable until it happens or doesn't happen. Thats no better than a pumper saying it absolutely will. Cannot prove it. Both attitudes have emotional effects on readers. One builds up and one pulls down but neither can be proved correct at this juncture in time. What I find amazing is that very few people are allowing the opportunity for the Dinar to appreciate in value before the programed "lop" in Jan Let the game be played out and then comment. Less egg on the face that way if the strong opinion is wrong. The Iraqis have always said they want to increase the value of the currency. A lop does not achieve this objective, it only allows the currency to be more easily handled. But an increase in value before the lop will achieve both their objectives. In my eyes , its a 2 part process. Makes sense to me. So give it some space to play out.

If the Iraqis want to add value to the IQD as they have always said they would, then they will increase the rate before Jan 01 2013. The Games not over its just unfolding differently to what has been discussed by a large segment of Dinar holders. I am not all despondent . I am expectant.

As far as I see it the good news is that Iraq is moving forward with their currency objectives. They have always said they want to add value so I expect them to try and do this. Removing zeros without adding value does not achieve one of their primary goals or objectives of adding value to the currency. Removing zeros just makes it easy to manage. So there are 2 objectives with only one clearly revealed. They are not going to reveal the second objective of increasing value publicly. To my thinking they have forced their own hand at doing something with increasing currency value by announcing the new currency in Jan 1st and including it in the budget for next year. They have set a definitive time line which is good for a country that does things oh so slowly. I am encouraged by all this.