SWFloridaGuy

You may wish to speak to Reuters because they are the ones who said oil is slowly becoming 2nd to gold.

Thanks Yota

Luigi1's assessment = 100% correct.

Thanks Yota

5-30-13 SWFloridaGuy: Response to Mike from the DR forum. Mike: "German currency revalued in 1948 10 for 1 post WWII. A bit more than 40%." (Inferring that this was the largest RV in history). My response: Thanks for your interest in this topic but sir you are incorrect. An appreciation event is when the nominal effective exchange rate is revalued by at least 10% or more relative to the average level two years before. This is usually judged over two years which captures not only one-time step revaluations, but also a number of smaller appreciation steps that happen within a short time window. The nominal appreciation must lead to sustained real appreciation. The real effective exchange rate must remain stronger by 10% (or more) on average for three years relative to the beginning of the appreciation process. You may notice two different rates. The reason for this is the first group consists of appreciation events that occurred without an active policy decision to alter the parity on part of the authorities in the concerned country. Typically, such cases relate to the appreciation of the anchor currency in a peg against key trading partners leading to nominal and real appreciation. But if it's proof you're looking for: Germany 1968/1970: 10.70%. - 12.90% Under the Bretton Woods system, the rate of the DM was amended in October 1969. The DM was revalued. Romania 1980/1982 47.50% - 35.40%. At the beginning of the 1980s, several step appreciations of the commercial exchange rate were taken. Thanks for the response though and it was a pleasure speaking with you.

Good point Zigmeister. Actually, two great points on this thread.

Thanks K98, what a place to live in.

Once again, thanks Yota.

I did write one more response which has yet to be approved: SWFG: Sam thank thank you for the classy approach you chose to take. The site I'm affiliated comments on rumors the same as this one does. If you read the responses you will find analogous comments that are almost word for word the same as you receive here. The only difference is we don't allow attacking them on a personal level because we don't know them well enough to do that and because of the possible legal ramifications. Defamatory statements made against an individual or corporation can easily be proven in court that the defendant said or wrote the statements; the statements are not true; the statements caused harm to he/she harm, by damaging their reputation and of course other people heard or read the jaundiced statements. Obviously, their attorneys will collect multiple copies of the statements made against the victim and proof that the defendant is the one who made the statements. Gather documentation of the harm they have suffered -- this includes proof of how people treat them and harm their business. They will obtain written statements of witnesses (third parties) who either heard or read the defamatory statements made by the defendant. Also, you never know when you are attacking a brand or name that has been trademarked and when profits are made from using them, whether that be from google adsense etc., this could easily lead to judicial problems down the road. For this reason, in addition to the moral aspect, we choose to dispute the information and steer clear of going after them personally. You know we're not a pumper site, you've seen our members and read our responses. I also feel that those like BH Group got exactly what they deserve as well as anyone who manufactures rumors for their own personal gain. Anyway, thanks for the chat, the courtesy you've shown me as well as removing me from that list. It was a pleasure speaking with you.

Ozmosis, due to his response I have yet to pass judgement upon Sam I Am. However, I do not approve of certain things featured on his site or comments he allows his members to make.

First of all kudos to Sam I Am for taking the time to respond in the manner he did. I was surprised by his rectitude considering the things I've read posted by others on his site. Here's our conversation which occurred tonight and I'm sure will continue: 5-30-13 Sam I Am: Hello Dan. While I appreciate the compliment I have to take issue with you on the "personal attacks" remark. To my recollection I only posted about you once, and the jist of that post was a compilation of your past commentary on the dinar along with my rebuttal. How is that a personal attack? If anything that I stated is untrue I'll be happy to retract it and offer an apology. I've done it before and I'll gladly do it again if necessary. But since you never contacted me disputing anything that I said I had no reason to change it. I'm a reasonable guy. Just ask Neno, Sonny1, and miskebam. I removed Neno from the pumper page early on. I've taken heat from some of my readers for not calling Sonny1 and miskebam pumpers. I make every effort to be fair, knowing that my credibility will be called into question if I'm not. I have observed the evolution that you referred to and I commend you for that. Maybe your use of pumper lines in the past was done out of ignorance. That's understandable. I did that myself before I got educated about the dinar and currency. If that's the case and you now wish to disavow some of those remarks I'll gladly issue a clarification. But given the information that I had at the time I think it's understandable why I didn't make the differentiation that you suggest. 5-30-13 SWFloridaGuy: Sam I Am, please forgive my grammatical errors as I was typing from my cell phone. If you don't mind I would like to pose a few questions to to you. Were you born with the ability to translate infinitesimal calculus. Whether or not Newton was the first to do so, that's quite an accomplishment. Of course I'm being fecicious but my point is I worked in the security field my whole life, became a fighter, worked in for celebs in Hollywood then retired and moved to Florida where I knew nothing about Iraq. So, it appears we have something in common. Although we were not born with Rain Man's capricious gift of being born as an autistic savant, we do however have the ability to learn and adapt. You love to bring up 3 year old articles where I have a more positive outlook and even was a member of OOM (yes I am ashamed), I would expect more than from you than a facile and clearly nongermane approach considering if I were anything like those you juxtapose along side me, it would mean I would have learned nothing. Yet here I stand posting on a regular basis being called negative because I have done more research in 3 years than most people have in their life and realize what the real possibilities are, aren't and how little we know about the subject. The arrogance of those who spend a few months and call themselves experts offends me. I'm not looking to get rich quick. I'm simply hoping one day Iraq recovers and we get lucky. Is that easy enough for you to understand, should I dumb it down a bit or would you prefer your minions to proceed with a few more of their puerile remarks. I hold you in a much higher class than your followers. It's a shame really because under different circumstances I believe we could have become allies and learned a lot from each other. Maybe one day that will change. So, please remove me from your absurd pumper list until you can show me a recent post where I am promoting a guru or pumping. On a more positive note, thank you for exposing certain things I was not aware of. I may still wanna kick your a$$ for what you did until you fix it but I have nothing but respect for your intellect and certainly prefer you to the pumpers any day. Take it easy brotha.

Great point Darin. I hate talking about the WTO, this is like the 20th time I've brought it up but people keep asking and honestly I do think it's a good sign. Having said that, there are also reports it could be 50 years away. Then again, there are reports saying next month. Seriously, I don't believe anyone or anything anymore. However, I appreciate gentlemen such as yourself who stimulate my mind and start thought provoking conversations. That's the only reason I'm here.

Once again Darin, I agree with you completely. It's all about delivery and tact. If I were to debate Cartmen (SP) realizing I had a clear intellectual advantage going for me and proving my point, whatever that may be, I would show a little class knowing that would not only make me look more professional but enrage Cartmen further. This would ultimately lead to him losing the respect of his fellow 4th graders and in the future if he ever did have a breakthrough of great scientific importance, people would be more inclined to listen to what he had to say because he had earned theryre respect. It's not always about being right or wrong, in fact I have more respect for those who have the guts to admit when they may have made a miscalculation and are there to serve a greater purpose. Look at Einstein, the first man to tell him the theory of relativity was correct was the one who initially debunked it. That's someone I respect!!!

5-30-13 SWFloridaGuy (Response to TechChevy): My apologies for such a late reply. I had missed your question in the forum. Some of this will be review for the vets but I have done my best to try to add some additional information to keep it less monotonous. If you remember a couple months back we found out that senior Iraqi officials were being trained intensively by the WTO for the sole purpose of WTO negotiations, protocol and the multilateral trading system. This is very specific and necessary training that is directly related to the procedural steps regarding accession. This also includes economic development requirements. Unfortunately, Iraq being the country it is, they have been difficult but they are slowly coming around to passing the necessary laws for their accession. This application is a great sign for investors because a convertible currency is necessary for Iraq to join the WTO and I believe this is part of the development training/negotiations. So, right now they are receiving training, laying out all their economic and trade policies that relate to WTO agreements and then the next step will be to submit a memorandum to the panel for consideration. When the principles and policies are in place, additional negotiations will commence between Iraq and member countries. The terms will be finalized and submitted to the General Council. If 2/3 of the members vote in favor, than Iraq may accede to the WTO. The fact that they are even being considered right now tells me that they have already decided the direction that they are going take with their currency reform project. I'm not saying an RV is a requirement. I'm not saying having a convertible currency automatically means an RV. They have many options, many of which could benefit us financially in a significant way. They may RV/change the peg to a PEP/broad based commodity, float or worst-case scenario.... a gradual appreciation over time. In my opinion, this (gradual appreciation/few pips) is clearly the most unlikely scenario due to the urgency to fulfill these requirements (although some MPs oppose it), clearly they appear to be galvanized in a direction that will be to their advantage in the near term or they wouldn't be addressing this now so vigorously and speaking of making a possible move to stabilize their currency next month. Those certain opposing MPs, who in addition to being the minority, also share the attribute of being the majority of the doltish officials who never show up for work and are responsible for the lack of quorum we hear about every week. I believe it's important to realize that WTO membership is a coveted status symbol in the economic and trade world, especially for developing countries like Iraq. Among other things it will open up markets for their country’s goods and services and serve as a catalyst for growth. Bottom line: I've said for quite some time now, no matter how long it takes for them to accede, the fact they are clearly moving forward toward negotiations that will eventually lead to their accession. This means they must have first envisage a sustainable way to achieve a convertible currency, go international and de-dollarize. WTO accession may take years but that does not concern us. Implementing a stable currency reform project is a convoluted matter and, considering the global economic implications, it is no wonder that it has taken a decade to reach this level of economic and political reconstruction. However, at this time, I believe they are ready to join the world stage and compete on an international level. These dilatory acts need to come to an end, not only for Iraq’s benefit, but for the sake of the international community. We've heard a lot of positive economic news lately. I don't claim to know their plan but we know it will be a positive one. Shortly we will be entering into a very exciting month. Wouldn't you agree? Currently, the Iraqi commerce members agreed Iraq needs WTO membership; but laws need to be amended. They are somewhere in their third round of bargaining, although clearly this will lead to the advancement of the national economy. When this is finally accomplished (long after we see their currency has risen in value), Iraq will inevitably see economic improvements, increased employment and Iraqi industries will become more competitive on a global scale. Iraq is not alone in this fight. The U.N. and the Department of Foreign Economic Relations Ministry of Commerce will be training Iraq over the next 2 years in order to strengthen the negotiations and technical skills required to improve Iraq's chances of increasing their economy and trade. Which begs the question, why the sudden interest in ameliorating a war-torn country with no economic future and riddled with unsolvable political instability? The answer is simple. It's not only pragmatic, it's profitable. I don't believe in an RV tomorrow. I don't even know if I believe in an RV at all. I'm not inferring a lop; simply stating that they have many options. Indubitably, Iraq's currency will eventually appreciate. If I have to wait a year, two years or next month, I will be holding onto this currency for as long as it takes.

NWGUY, I agree but the lat part cracked me up. I used to have a life (honest I really did), but now I live at the top of a mountain and have 2 people so far. Why do you think all of a sudden I'm posting again. Man you guys are my social outlet. Don't laugh.

That's my fear as well but on the other hand maybe they have bigger plans in mind. I'm not expecting some huge RV next month. Trust me, I'm pretty burnt out on this whole thing but nevertheless, it is interesting to see what they are planning.

I apologize if this article has already been posted. I've never beat Master Yota or K98 to finding an article. So, most likely it's hidden somewhere in this forum already. I would also appreciate everyone else's interpretation of this article and the others similar that have emerged recently. Thanks. 5-29-13 SWFloridaGuy: "Central Bank begins next month, the application of measures to reduce exchange rate volatility. Will begin implementation of a package of measures designed to restore the exchange rate of the dollar against the Iraqi dinar to normal." It's hard to hear more encouraging news than this if true and considering the abounding amount of analogous reports we have received inferring similar news, I'd say for once I'm a little excited about what could happen in the very near future. We'll just have to hope for the best and wait and see as usual. The news appears to be sensational but don't bother reserving a seat for me on the roller coaster just yet. I do have two questions however ... why would they announce this to the world beforehand and how does one determine the exact nomenclature of what the phrase "normal" means in this context. It's hard to imagine that this doesn't mean a rise to where it was before it became practically worthless and that they are moving toward a more realistic, competitive rate somewhere on par with the USD. Others will claim this means $3+, double digits etc. Yes, I understand it held a very high value decades ago but remember that was also a different currency. On a positive note they have only increased their wealth since then but I still don't believe that initial high-rate theory to be realistic for one second. I can't imagine they could maintain that long term stability without eventually leading to the collapse of their economy. Only after time and letting the market drive the rate up could this be achieved, which is entirely possible. Also, for those of you who say 1 to 1 is a small RV, please keep in mind that is a 100,000% increase overnight and the largest previous RV in history was Romania at around 40%. So, although Iraq has far more potential than previous countries who RVd, let's keep things in perspective. There is also another theory presented by the lopsters claiming we are misinterpreting this completely. I'm not here to judge them for their opinion but I choose not to believe this. I won't list the reasons why because I'll end up writing another 3 page post and at the end of the day, I have to be humble enough to admit that I can't guarantee that they are wrong (although I do disagree with them). I am excited to see what the near future holds for us. Today's Article - Central Bank begins next month, the application of measures to reduce exchange rate volatility and to restore the exchange rate of the dollar against the Iraqi dinar to normal!! Confirmed the parliamentary Finance Committee, Wednesday, the Central Bank of Iraq next month will begin implementation of a package of measures designed to restore the exchange rate of the dollar against the Iraqi dinar to normal to prevent a repeat of the case of exchange rate volatility. And plunged the value of the Iraqi dinar gradually over the past weeks to reach the price per dollar to about 1129 dinars after it had been stable for 1120, the highest rate up to the exchange rate during the past two years. Committee member said Haitham al-Jubouri's "Twilight News" that "the CBI told the Finance Committee that will begin next month, the application of measures to curb the rise of the dollar against the Iraqi dinar, and some of these measures did not disclose the details they will be strictly confidential." Jubouri explained that "one of the most prominent measures that the Iraqi Central Bank will begin to apply is to open letters of credit in the government and private banks," noting that "the Finance Committee has informed the Iraqi Central Bank support for all procedures in reducing the rise in the dollar against the Iraqi dinar." The Finance Committee has this month and central bank governor Abdul Basit Turki agency and discussed with him the reasons for the high price of the dollar against the Iraqi dinar. http://www.shafaaq.com/sh2/index.php/news/economy-news/58488-2013-05-29-07-29-19.html

Good job K98

Thanks Caz, that makes sense.

Thanks Al Bundy

Thanks Adam

Referring to what? I like Sonny but I believe he pretends not to care when he really does. No one likes being ferociously attacked in this day in age where everything goes viral and any idiot can start a blog and not only attack you but your site and some of your friends as well. I've worked in security my whole life and it only comes naturally to me to defend those I feel deserve a little bulwark.

That d-bags site tore me up under their comment section (very first one on the site). The guys name was Dinarck.. I've seen him here before, I may be mistaken but I think he where's that little Richy Rich costume. Well, he decided to go after me last night for whatever reason calling me a pumper and blah blah blah. Anyway, I posted a response last night but it doesn't look like they're willing to let their readers see it, as it has not been approved. So, here's my response: Dinarck, I'm afraid you're sadly mistaken. If you saw my questions they were I no way related to his responses, which is obviously out of my control. I already have several economic experts who are willing to give their honest opinions lined up who I have named and their full bio and credentials will be presented. You said a real economist would laugh at me, another ignoramus statement considering that's exactly what have said myself in the same chat threads you read concerning what happened to me last year at the Oxford Club meeting. Whether they predict a lop or a more favorable outcome is irrelevant. I am only after the truth and have attacked as many "gurus" as Sam. If you read the post, you also read my comments saying although he is very well-respected, at this point in time we disagree, I see things differently. You are either severely deficient, have a personal vendetta against me or are just a genuinely bitter human being who will attack anyone know matter how scrupulous they try to be when presenting their information. You have no proof we will not profit from this, I have no proof we will. But here's an idea how about we try to remain civil and admit there's a clear heterogeneity among dinarians and clearly obvious distinctions can be made between those who are pumpers an those (who right or wrong try to present solid research). My opinions have obviously evolved since I entered into this investment, as have all of us, but I've been willing to learn from the false pretenses that caused me to initially sign up for this investment. Sam does his homework and is obviously an intelligent person. However, I detest the personal attacks which I have been victim of myself. Yes, the frauds deserve to be exposed but until you are able to differentiate between pumpers and those who spend years doing research and simply express their opinions, I will have zero respect for the members (for the most part) who come there to cry rather than taking responsibility for their own financial decisions and blame those you now refer to as imbeciles. It's funny the same people you describe as nonsensical, were the same ones you took financial advice prior to doing your proper due diligence, whose fault is that? Although, you claim we have all been indoctrinated, grouping every positive attitude together (whether pumper or clearly not) and a talk down to us like some 12 year old, you clearly have no erudition, which is why the number 12 came to mind. I have never hid behind anonymity, I have pictures up at every forum that I'm not banned from and belong to many dinar facebook groups under my real name. Have you Dinarck or Sam (whose real name I wont mention). Which is ironic considering you pride yourself on exposing certain prevarications as for what they are. Seems to be a one-way street to me. Here's my advice, try being a bit more discerning when it comes to who you attack. By the way, I challenge you to a debate Dinarck. How about we commence after my next interview, which of course you are calling a fraud. Kudos to this site for exposing certain truths, although you go about it in the wrong way. Keep in mind we can profit from this and when you try debating their information rather than personal attacks maybe you'll gain more than 20 members. I myself have learned many untruths because of this site which I am grateful for. But unfortunately you have a group of fairly intelligent people who do good research but also many more who prefer to be childish and persnickety, considering the amount of time they spend reading what they consider a waste of time. Sam this is not directed toward you, you'd have more class than to make such an imprudent accusation, considering I've devoted most of my time to debunking ridiculous rumors. Such as I did once again tonight with my Forex report. I would appreciate it if you would remove me from your list of pumpers and reconsider a few others on that list as well. Thank you and I look forward to hearing some responses permeating with perspicacious opinions rather than the usual, "you're just a lying pumper die scum." Surprise me with a civil discussion, if that's even possible. Thank you for your time.

I have literally over a 100 documents proving this and the existence of these committees. Lemme go through my archives. I wouldn't have put it out there if I hadn't properly researched it. I wouldn't have even been able to come up with such a scenario. My imagination is too limited. I will give you credit that they are extremely hard to find though. Took me months of sifting through documents, pdf files etc. etc.etc. Believe it or not the BIS does appoint currency directors. The directors are appointed by the BIS, representative countries and also the government in question (in this case the GOI). Granted this is a very complex process and only partially responsible for the final outcome but it exists nonetheless. I'm really tired of debates but lemme grab some coffee in the morning and spend a few hours sifting through my records. I also have no idea what power or authority they have to force Central Banks to do anything. For all I know is they could be a just a very influential group making certain recommendations but I doubt they would set up such an organization unless they had some clout. However, can you imagine trying to force your will on Iraq to do anything? Obviously, there would have to be some ascendancy either politically or economically for Iraq to play ball. They have proven their ability to give the finger to the proper authorities many times in the past. However, look at how much effort they are making to make amends with Kuwait, Chapter VII and WTO accession. They are also making claims of a palpable move that will strengthen their currency (yes I know this doesn't necessarily mean RV), but it's also better news than we've had to deal with in the past. Peace out man, I'm crashing for the night.

5-28-13 SWFloridaGuy: I got two emails tonight saying the IQD was showing live on Forex. I know I've said this before but will reiterate it for the last time for the newbies so they don't go out and spend their life savings tomorrow. I know they are Nesara and WGS followers, which means most likely we will here this same rumor from the rest of the usual suspects shortly. I will lay out the actual process that a revaluation must go through before it can go live to try to help clear up some confusion. Looking for the IQD on a paid Forex account (or an imposter account such as Netdania, Yahoo Finance etc.,is a futile exercise. The IQD is not traded on Forex and will not show up there first. Sites which are not forex brokers/marketmakers and a poor proxy for volume, riddled with anomalies that lead to frequent chat room agitation that usually coincide with trading session openings. The spikes are directly related to the volatility of the USD or simply malfunctions. Expect to change in value and place a trade but what matters to us is that the IQD is not freely traded and is not being used in any significant international transaction or on any legitimate foreign exchange, although there are plenty of dealers around the world, which are largely unregulated. This will not show up suddenly and start trading on Forex, that much I can promise you from speaking about this at great length with professionals who know far more about this then myself. When a country/Reserve bank changes the value of a currency there are certain procedures that will take place long before it starts trading on Forex. Here are the actual steps we should be looking for: when the time comes the CBI will get the signal from the Executive and legislative branches to initiate the implementation. Once they get the go ahead they will set a goal rate then send it to the BIS for approval. At this point the BIS subcommittees (Central Bank members) will approve the target rate and regulate capital. Once approved the new rate will be sent to all central banks around the world simultaneously and this is when you will get the first opportunity to see the rate. The CBI will be able to intervene through regulatory powers and control the money supply and work to keep the IQD near the official (most likely unofficial actually) target rate. Only at this point can we can expect to see a substancial arising onto the foreign exchange market. I hope this serves to clear up the confusion and isn't taken as being "negative" because I do believe that one day (hopefully very soon), the IQD will be going international along with accomplishing other important matters such as WTO accession and Chapter VII release but only after time and only after they initiate their currency reform project. But until that day, our focus is probably better spent elsewhere. Many make the claim that "the IQD is already listed on the Thai Interbank. This market is an important segment of the foreign exchange marke and it's already being traded. and that it doesn't matter that it's not traded on the Forex. I'll expound a bit more but I'd rather accentuate Iraq's sumptuous economic growth (ranked 1 or 2 in the world; sources vary), and aspects relating to their emergence on the international scene that are encouraging and probably more deserving of our attention. So, we all agree now that the IQD is not traded on Forex and now the theory is it would be a seamless transition where it could show up on Forex first because it is already being traded on an important foreign exchange market. Well, I would like to see the trades/volume they are referring to and then have it explained to me how that relates to the fact that the IQD is not internationally recognized, convertible, available to trade on any Forex market and why international banks will not accept the Iraqi Dinar. If we're going to focus on the Thai Interbank the first thing we have to understand is that for an Interbank market to exist, a competitive banking system and an efficient payment and settlement system linking banks together is required. Iraq has neither. The Interbank market in Iraq does not resemble other economies. Foreign exchange markets are another institution that is primitive in Iraq. Foreign exchange trades against the dinar are not managed electronically through an investment bank market maker. Now all that can change very quickly. In part, because Iraq is receiving a lot of international pressure that supports nation building. The international community seeks to fully exploit Iraq's wealth and this will require (among other things) a sound currency. Iraq's currency board once produced a sound and stable dinar anchored to the British pound and I believe there may be another board preparing to make the IQD a fully convertible currency that they can maintain. If this board is similar to others past, the directors will be appointed by the BIS (represented by 7+ countries) and the GOI. The IQD not being a convertible currency is a severe hindrance to conducting business internationally. I have risked much of my own capital in hopes of a large profit and, after all we've been through, I am still confident that as a community we will accomplish far more than just adding liquidity to the market. There were several reports from the CBI last year that pointed to early 2013 as target date for currency reform. Well, here we are one month away from a supposed increase. How much of an increase and exactly what they are referring to is anyone's guess but I think we can all agree that economically Iraq is headed in the right direction. As usual these are just my opinions, which may or may not be correct.