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DaveD

Lopster
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About DaveD

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  1. You are more than welcome to pull over any post you’ve seen me make on any other site. I post as Stew on Iraq Business News and posted as Aerospace on IHUB. Please go through as much of my stuff as you would like. I’m sure you might find a few examples of where I’ve rolled in the mud, but I think I’ve tried to keep a large majority of my post about the facts and figures surrounding the dinar. Now I see I’m being called a despicable shill for the western banking system. LOL… too funny. I thought it was the western banking system that was planning this massive RV to save the world economies and make everyone millionaires.
  2. No... it was 13303 and the notion that countries have to give 6 months notice to lop. Again... Iraq has stated that the exchange will only take place at Banks in Iraq. As we discussed, I think the length of the exchange period and the extent to which Iraq tries to limit currency returning to the country will detirming if dealers get involved.
  3. Don't you understand that everyday people are introduced to the dinar and those people head to the web to research it. They end up in places like this looking ofr information. Most baords totally ban anyone from talking about the lop possability. Other like here shove you into one little area. So new investors mostly only see the overwhelmingly positive talk. Do you think that's right?
  4. What do you expect? Even after this entire discussion you have the forum owner showing up and calling a certain group “losers”. That’s after attributing claims like this to lopsters. "GOD I'm miserable... how can I ruin someone's day today?" As I explained to another poster earlier in the thread. I participate in a number of forums that have nothing to do with making money or investing. I talk sports, politics, and other subjects. I spent a lot of time researching the Iraqi dinar and currencies and economies in general. It is a subject that interests me. What is so horrible about me taking a few minutes a day to discuss with people the facts about the dinar. Just in the last two pages I dispelled two guru/pumper lies. The 13303 lie has existed for years. It was exposed as a lie years ago, but because people who understand that were banned from most sites, or stuck in a corner and ignored on other sites So the lie gets repeated over and over until it’s taken as fact. The investment is so full of those things they have even grown the label “Forum Facts” Seems some just really have a problem with those lies being exposed.
  5. I agree that they won't either. They have been openly talking about it for years already. But there certainly is no rule that says any country has to give notice.
  6. That's another punmper lie. There is no rule or law saying they have to give a certain amount of warning. North Korea just recenlty lopped and gave a few days notice, then only gave a few days to exchange. Plus... the Central Bank of Iraq has been announcing the plan to do this for years now.
  7. I don’t claim to know how this will play out. Best case they give two years to exchange, banks get involved, the fees are small and people lose very little. That’s the best case… small loss. The worst case. There were a couple articles out last week where an Iraqi official who was against the redenomination said the two years was way to long with the concerns for counterfeiting and corruption. He said they should do the exchange in one day. ONE DAY. That would obviously be the worst case scenario. You lose everything, 100%. I certainly don’t believe they will do it in one day, but I certainly wouldn’t be surprised if they announce the lop, say they had originally planned a 2 year swap, but due to potential for corruption they have decided to only give a month or two, maybe 3 months like the last time. Banks wouldn’t get involved with such a short period like that. Dealers will only buy it back if they know for sure they have the means to get it back into Iraq for exchange. With everyone trying to sell back to dealers all at once, the price will plummet for what they will pay. Maybe $500 per million. Maybe lower. It will all depend on how long the exchange period is, and what rules Iraq puts on bringing currency back into the country.
  8. I really don’t know where they got them from. I remember reading a claim from someone who bought from a bank that they informed him they got their dinar from a dealer. Someone like Ali. I really have no idea. I do know that a number of banks have actually made warning about investing in dinar and have stated that they do not plan on dealing in dinar again. Of course… if it turns out they can make money on the exchange, I wouldn’t be surprised if they start dealing them again
  9. Now... this is where the scammers came into play. This is what made the rounds on dinar boards. IRAQ (PRWEB) March 2, 2004 -- Investment in the new Iraq is guaranteed under the Presidential Order 13303 removing sanctions on investment in Iraq. The new order allows for a restructuring of the banking system in Iraq. US citizens are allowed to invest in Currency, Stocks, Bonds, Real Estate and Business in Iraq. Iraq has a new currency to replace Iraq’s two currencies, one of which was easily counterfeited and mostly circulated in a single denomination. Banks issue only the new currency and government employees paid in cash will receive their salaries in the new currency. Until January 15, 2004 the old and new currencies will circulate freely at a fixed exchange rate. Exchange between the old and new currencies is conducted at now charge at multiple exchange points around the country. The other financial market structures are strong: 95 percent of all pre-war bank customers have service and first-time customers are opening accounts daily. Iraqi banks are making loans to finance businesses. The central bank is fully independent. Iraq has one of the world’s most growth-oriented investment and banking laws. The new Iraqi dinar which is printed bu De La Rue company in the US and Great Britian, is valued at just 2 tenths of one cent today. The US treasury has a strong dinar policy and is working with the CPA (Coalition Provisional Authority) to reinstate a strong decentralized banking system in Iraq. By December 2004 there will be six Western Banks in Iraq and six Iraqi Banks outside Iraq in operation. In March Three banks were given licence to operate in Iraq, National Bank of Kuwait, HSBC Bank and Charter bank of England. That is horse crap. Look at the source. It's from PRWEB. PRWEB is a internet Press Release service. Anyone can make any claim they want, pay a fee to PRWEB and it gets dressed up as press release. Penny stock pumpers and scam artist use PRWEB to make claims look official. Some dinar dealer wrote up a press release that is full of lies and paid PRWEB to run it. Unless you think the Office of the President Of The United States is using PRWEB... LOL shaking my head.
  10. This is EO 13303. The whole thing. Please show me where it says you can invest in dinar. Please show me where it even mentions dinar at all. Executive Order Executive Order Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act, as amended (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of the United Nations Participation Act, as amended (22 U.S.C. 287c) (UNPA), and section 301 of title 3, United States Code, I, GEORGE W. BUSH, President of the United States of America, find that the threat of attachment or other judicial process against the Development Fund for Iraq, Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, obstructs the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq. This situation constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States and I hereby declare a national emergency to deal with that threat. I hereby order: Section 1. Unless licensed or otherwise authorized pursuant to this order, any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following: (a) the Development Fund for Iraq, and ( all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments of any nature whatsoever arising from or related to the sale or marketing thereof, and interests therein, in which any foreign country or a national thereof has any interest, that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of United States persons. Sec. 2. (a) As of the effective date of this order, Executive Order 12722 of August 2, 1990, Executive Order 12724 of August 9, 1990, and Executive Order 13290 of March 20, 2003, shall not apply to the property and interests in property described in section 1 of this order. ( Nothing in this order is intended to affect the continued effectiveness of any rules, regulations, orders, licenses or other forms of administrative action issued, taken, or continued in effect heretofore or hereafter under Executive Orders 12722, 12724, or 13290, or under the authority of IEEPA or the UNPA, except as hereafter terminated, modified, or suspended by the issuing Federal agency and except as provided in section 2(a) of this order. Sec. 3. For the purposes of this order: (a) The term "person" means an individual or entity; ( The term "entity" means a partnership, association, trust, joint venture, corporation, group, subgroup, or other organization; © The term "United States person" means any United States citizen, permanent resident alien, entity organized under the laws of the United States or any juris-diction within the United States (including foreign branches), or any person in the United States; (d) The term "Iraqi petroleum and petroleum products" means any petroleum, petroleum products, or natural gas originating in Iraq, including any Iraqi-origin oil inventories, wherever located; and (e) The term "Development Fund for Iraq" means the fund established on or about May 22, 2003, on the books of the Central Bank of Iraq, by the Administrator of the Coalition Provisional Authority responsible for the temporary governance of Iraq and all accounts held for the fund or for the Central Bank of Iraq in the name of the fund. Sec. 4. (a) The Secretary of the Treasury, in consultation with the Secretary of State and the Secretary of Defense, is hereby authorized to take such actions, including the promulga-tion of rules and regulations, and to employ all powers granted to the President by IEEPA and the UNPA as may be necessary to carry out the purposes of this order. The Secretary of the Treasury may redelegate any of these functions to other officers and agencies of the United States Government. All agencies of the United States Government are hereby directed to take all appropriate measures within their statutory authority to carry out the provisions of this order. ( Nothing contained in this order shall relieve a person from any requirement to obtain a license or other authorization in compliance with applicable laws and regulations. Sec. 5. This order is not intended to, and does not, create any right, benefit, or privilege, substantive or procedural, enforceable at law or in equity by a party against the United States, its departments, agencies, entities, officers, employees, or agents, or any other person. Sec. 6. This order shall be transmitted to the Congress and published in the Federal Register. GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003. It can simply be broken down to this. any attachment, judgment, decree, lien, execution, garnishment, or other judicial process is prohibited, and shall be deemed null and void, with respect to the following: (a) the Development Fund for Iraq, and ( all Iraqi petroleum and petroleum products, and interests therein, and proceeds, obligations, or any financial instruments It has nothing to do with investing. It simply blocked lawsuits.
  11. I don't think I have ever heard of a country that redenominated allowing exchange outside of the country. There have been 100 or so redenominations, every one of them was an in country only exchange. Maybe when all the Euro countries went to the Euro... but they we all going to the same currency. Please find me a country that redenominatied and allowed exchnage outside the country. Iraq has already stated they will only exchange at banks in Iraq. No such order exist. Paid pumper lies.
  12. Stable is a relative term. They seem to feel they are stable enough at this time to lop. These forums will be long gone by time the verdict is in on whether it's a success or not. And I totally got the nuance of your post. I just thought that now that you understand a country should have a stable economy and gov before redenominating, you could explain to all the RVrs that's why it's taken so long.
  13. So when the RV crowd ask the question over and over and over again "Why haven't they lopped yet if it's a neutral event?" You can explain to them that they need a stable gov first.
  14. Funny.. because Iraq does axactly that. Iraq is under a Stand by Arrangement program with the IMF. That is why the rate is called a program rate. Under this arrangement they have to file a letter intent. They state in the letter on intent that they FULLY back their currency and that they plan to continue to back it FULLY in the future. Iraq has about 72 trillion dinar M2. at .00086 per dinar that is $62 billion. There have been dozens of articles talking about their record FX reserves of... I think it was $62 billion. This is not a coincidence.
  15. This is one of the more simple-minded comments thrown at lopsters on a regular basis. I participate in a number of discussion forums. Sports, politics, and other subjects. None of which do I have $$ invested in. Exposing scams is just one of my interests. Do you only participate in discussions about things you stand to monetarily gain from? LOL… heck, 95% of your posts here aren’t even about the subject at hand.
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