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SWFloridaGuy

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Everything posted by SWFloridaGuy

  1. 6-5-2012 Eagle Has Landed: A friend emailed a screenshot of Bloomberg to me a few moments ago. The screenshot shows today's date - Jun 5 and a time of 2:10 ET. The caption on the scroll reads: "IRAQI PRESIDENT GETS REQUEST FOR NO-CONFIDENCE ON PREMIER." Although I know who sent me the email, I have no way of knowing if the screenshot is real as I did not see it live.
  2. 6-5-2012 "While the Iraqi Dinar has become a currency-du-jour of sorts, with many so-called experts claiming that it is a smart investment option for foreign exchange traders, the current underlying fundamentals of Iraq and the Middle East on the whole make it an unappealing trading opportunity for the time being and years to come. Primarily, there is no market for the Iraqi Dinar (spot: USDIQD) right now. Starting in 2004, following the US led invasion of Iraq, the Dinar has faced illiquid market conditions amid continued uncertainty of the political outlook of the country. Despite appreciating from 2004 to early 2009, since February 2009, the USDIQD has held steady near a de facto currency peg of 1 US Dollar = 1170.00 Iraqi Dinar. In January 2012, it weakened to 1165.00. Despite these conditions, investors are still drawn to the prospect of a POLITICALLY STABLE Iraq in the future, and, more likely, finding exposure to movements in oil – good reasons to invest in a potential commodity. Currently, Iraq’s oil reserves are the second largest in the world – a scintillating prospect for investment should Iraq increase the number of barrels of oil it exports a day. However, given that there are few buyers and sellers of the Iraqi Dinar currently, those seeking to expose themselves to the prospect of appreciating oil prices should look elsewhere." http://www.dailyfx.com/forex/fundamental/article/special_report/2012/06/05/Want_to_Trade_the_Iraqi_Dinar.html
  3. 6-4-2012 SWFloridaGuy: I think it's interesting the US is pushing for the HCL now. The last couple months we've witnessed an accelerated push to gain a consensus and resolve the differences that existed between the Parliamentary groups regarding the HCL law, after the Security Council made some modifications. Now the US ambassador is advising Iraq on the benefits and importance, on an economic level, the Oil & Gas law will have to the Iraqis. The aim of this law to achieve the highest benefit to the Iraqi people and ensure a partnership between the federal government and producing provinces to produce the highest level of growth in reserves and production. This is showing that Iraq has improved synergism between the federal and state authorities. This operation in Iraq requires the latest technologies and coordination between the Iraqi oil sector and the global oil industry. June is a HUGE month for Iraq. Every single salient issue that's necessary for Iraq moving forward politcally and economically is being addressed this month. The potential for June subsumes Chapter VII, Erbil, HCL, permanent Ministers, announcement of the Strategic Council, the fate of the Prime Minister, tariffs by the end of the month and maybe, just maybe... our precious RV. I doubt Iraq's economy will remain stagnant too much longer. Only time will tell.
  4. 6-3-2012 SWFloridaGuy: I just wanted to pose a few questions to the dinar community. Why is the focus on petty squabbling over who's got the best bank package, when we have no rate change or any idea of when that will be? (This is prevalent on many sites other than Dinar Vets) Why is it whenever things start happening in Iraq the usual hypers start talking about post-rv, focus on collecting information from people and, although none of them are professionals, start giving out post-rv financial advice? Why do intel providers claim that it's implausible that anyone could ever find accurate information other than themselves? Why the lack of humility, when clearly none of us have this figured out? Why can't we have a balanced approach to this? Can we have a positive outlook and faith that the investment is solid, without telling people they should have their bags packed and expect it minute to minute every day, week after week, year after year? Healthy debate will only lead to a better understanding for all parties involved and when I see such controverting over irrelevant topics, it just seems like feckless trepidation. We have a lot of intelligent people on these boards and with that comes a lot of strong personalities. If we are honest with ourselves and each other and admit this is highly speculative, open to interpretation and we don't have all the answers, then we can work together and maybe come to a better understanding ourselves. I would love to hear some feedback from others in the Dinar community on this topic. Thanks and Go RV!!
  5. It's midnight and we're chatting on a dinar blog. So, my question to those who think there is no chance of this happening anytime soon is: Why chat here rather than E Harmony if you're just lonely? Did you know E Harmony is advertising a free weekend? I understand the frustration with the hypers and the pumpers who feel the need to call the RV every day and are the propulsion for false hope, but there's gotta be a balance between hype and simply coming onto a dinar blog to say the RV will never happen. I'm always up for a debate and when someone comes with the facts to back up their claims, I'm willing to auscult and appreciate any arguement but when it's midnight and people only want to shoot down hope for a revaluation I'm over here thinking, if I direct them to E Harmony they'll probably tell everyone in that chat that marriage is also just a hopeless endeavor. Cheers everyone, keep the faith and eventually we'll cross the finish line together.
  6. 6-2-2012 Kaperoni: Is a LOP or Redenomination possible? Let’s go with the full 27 trillion dinar in circulation. If they LOP or re-denominate 27 trillion to 27 billion (delete 3 zeros) and gave it all to the US, they would not come close to paying off the war debt of 800 billion and climbing. Only a RV will solve the financial expense. Only a RV will pay off the kind of global debt. Now lets look a bit closer on where the dinar will go post RV. Can Iraq collect it and pay for it? I don’t think that this the plan. “Experts regard financial ambition that the Iraqi dinar is adopted as part of international reserves, through the establishment of a strong economy boosts value of local currency.” Here we have the first statement which appears to disclose the plan for the dinar. The dinar that was “leaked or sold” outside of iraq. Pretty clear..”adopted as part of international reserves.” Saleh: "the Iraqi dinar is not an international reserve currency to be treated abroad, we aspire to be the monetary policy of the Iraqi dinar portion of international reserves and this needs to be a long time." So he is saying here. The Dinar will not he bought or sold overseas. That will be done by the CBI. The CBI will control the monetary policy. The dinar held in international reserves will stay there for a “very long time.” Clearly telling us, once again that banks/feds hold this dinar will use it simply as a reserve currency. A currency held for a “long time.” The CBI will be the Central Bank for the dinar handling the monetary policy. And once they RV, the dinar will become an international reserve currency (as the dinar you and I own is collected and held). “The member of the Economic Commission parliamentary: the idea is now up to the deletion of three zeros of the Iraqi currency, and this project will hopefully contribute to give power to the Iraqi currency to foreign dealings.” They just gave us the answers we wanted. When will it become a foreign reserve currency? The answer is clear, that once they “delete 3 zeros” that will start the process (collection) to create the foreign reserves “they aspire to be part of.” As well we see they want to “give power” to the Iraqi currency internationally. Only a RV can accomplish this. “Saturday: "it is obvious that Iraq is capable of adopting the dinar as part of international reserves, especially large resource he possesses in the oil sector and over (80 to 90) billion dollars of Central Bank reserves and the positive impact on the Iraqi currency against the greenback and makes well-placed dinar as formerly among world currencies.” Wow! This quote is very powerful. They are saying the dinar will be very strong, have a positive impact against other currencies (causing them to be strong). More of the plan is coming out. “The Central Bank adviser said in an earlier statement to the news agency of news "that the Iraqi dinar is not an international reserve currency to be treated abroad, we aspire to be the monetary policy of the Iraqi dinar portion of reserves and this needs to be a long time.” “He pointed to: that the goal of central bank policy at the moment is the stability of the exchange rate of the dinar against the U.S. dollar , Our goal in the long run be equal to it being a process need to be a strong economy and inflation is low and a cash reserve large.” “Jubouri said in an earlier statement: The approach undertaken by the central bank retention rate of the dinar against the dollar during the current indication that monetary policy in the country able to make the dinar equivalent of the U.S. dollar.” These 3 quotes…tell us the dinar is now (the CBI feels) a “hard currency.” That the goal is to make the dinar equal to the USD. Or 1 to 1. Therefore, we now see the rate. Not some foolish rate, but a rate comparable to the US dollar. Hard currency (also known as a safe-haven currency or strong currency), in economics, refers to a globally traded currency that is expected to serve as a reliable and stable store of value. Factors contributing to a currency's hard status might include the long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. This definition falls in line with the plan. What the other statement meant. What the plan is for the New Iraqi Dinar. This event will “increase the confidence and international credibility in Iraqi currency” Next time someone gives you a huge bogus rate, show them the facts. Show them the desire of the Central Bank of Iraq. When you follow the facts, you get the real story. I hope it helps.
  7. Kamel, maybe if I turn that strobe light off that'll help. I was talking about the VND (dong) by the way. We buy both the IQD and VND and with our luck we'll wake up tomorrow to see the West African Franc just RV'd at $42 and we all missed out.
  8. I'm in the basement Kamel. Scratch the ding dongs (gotta enough dong) I could use some visine though, right eye's been a' twitchin for 2 and a half years now staring at these screens. Doritos are always welcome mmmm bring it on. Sure muleslayer. Is there a way to message private message people here? I guess we'd have to go to the chat room.
  9. Hahaha Bamagirl, crazy.... I'm not crazy... denial... what denial... I have developed bad posture, grown a spotty beard and forgot what the sun looked like because I wanted to.
  10. Good point Maggie123, we can't let this consume us. The only way we're going to exit this investment with our sanity, is if we try not to take ourselves too seriously and hang on to our sense of humor.... and yes, I hear Bumper Rocks!
  11. Haha Kamel, "Camels of course."
  12. Jackster, that's probably a fair point. I would imagine that when there's so much on the line it is easier for us to lean toward theories that adumbrate a brighter future for us. I think it's human nature to find what you're looking for but from what I've seen here, at least it's a more intelligent debate and we're not focusing on 747's, in country RV's, bogus Prosperity Package memos, trains coming into the station and $42 rates. Here we do our best to research currency reform, IMF/World Bank reports, the study of macroeconomic analysis, confirming which laws have been passed and read into the gazette, reviewing statements from the CBI, GOI, Finance Committee or maybe just bouncing around some random economist's opinion off eachother. As is with all information we receive, we must consider the source and use our best judgement as to the author's credibility. Getting back to your point about it being a rough atmosphere for someone who doesn't think it will RV the way we want it to, I would say you're probably right and that's probably to be expected given the environment. That doesn't mean we can't discuss it respectfully and attack the information rather than the person. I think you're right that healthy debate can only lead to a better understanding for all parties involved. Cheers
  13. The great thing about Dinar Vets is we are all allowed to voice our opinions without being banned or silenced. Seeing the freedom of speech here is very refreshing, (even when it's an opinion I disagree with) especially when it comes to such a speculative topic. Certainly none of us have all the answers but as a team perhaps we can get closer. The best leaders throughout history all surrounded themselves with people of opposing views to avoid having tunnel vision and see all angles. As long as we keep that humility and realize we don't have this figured out, nor should we be required to, we can continue to work together.
  14. Am I really the only one here that is interested in that lap dance? Sweet!!
  15. Hahaha geman, ok that was funny:)
  16. It's all gravy. We're all on the same team, all looking for the same outcome. We have a lot of intelligent people on these boards (especially this one) and with that comes a lot of strong personalities. If our foundation is easily shook by an opposing view, it just goes to show our convictions were never that strong to begin with. We're a family and like all families sometimes bicker, but still family.
  17. Some seem to feel the need to make fools of themselves week after week. It's entertaining I guess, if you like train wrecks. This is a very complicated process and we can't expect to always get 100% accurate information from any one particular source and I do appreciate that we have so many working toward a common goal, but that is absolutely no excuse for the irresponsible, unrealstic, manufactured, daily hype so many find it necessary put the rooms through on a daily basis. Unfortunately, when they post they don't also name the source which is usually a bogus prosperity package memo, nesara report or a 3 letter contact who has already proven himself to be misinformed at best. How many times do you go back to a garbage source before you realize it's garbage? By thinking they can pinpoint this or give us a play by play, they only prove they don't have a basic understanding of how involved this is. Genuine contacts, while confirming this revaluation will happen, are the first to explain they don't have all the answers and that's because they actually have a grasp as to its complexity. Many newbies who don't know the history of these "intel providers" base financial decisions upon their reports, and this has also affected some very close friends of mine in a very negative way, which is why I chose to post this. To newbies: Be skeptical of anyone claiming to know the date or rate, do your own research and treat rumors as rumors, not fact. Listen to people who report responsibly and offer a balanced approach to avoid the roller coaster. I get asked a lot who I think that group is, my personal favorites are: Capt Nemo, Studley, Kaperoni, Banker Ghost, Med, Mailman17, Poppy3, BWM, BGG, Arizona Heat, Vic1, Longfellow, Scotti G, Duckyboy, Bear5642, Bondlady, Randy Koonce, Miskebam, Sykes, Pheonix, Breitling, Historian, Delta, Ray, Steve and a few others. They may not always agree with each other but they post responsibly. When it comes to this investment, I've been wrong many times myself and am only expressing my opinions. Moving on, Parliament sources reported that the chapter VII removal is right around the corner, due to the return of bilateral relations between Iraq and Kuwait. This progress is what will lead to Iraq returning to the international environment and regaining their full sovereignty. We speculate that the UN Security Council will not release them until they raise their exchange rate. Although that is not a direct stipulation, it is a bargaining chip they use when diplomatic measures fail and one that is on our side. The international community is pressuring the major oil companies not to sign any new contracts with Iraq or the KRG and suspend all operations until the HCL/Article 11 is implemented which will bring Erbil back to the table. Tuesday the Iraqi list boycotted another preparatory meeting and this added pressure may finally bring a resolution. The Economic Commission is pushing for the restructuring of the dinar and the issuance of the LDs. They argue that the time is right to remove the zeros and raise the exchange rate. Iraq will benefit from this project in many ways and it's the only way for them to return as economic leaders not only regionally but globally. I don't know the timing and I don't pretend to, but I do know that our investment is solid and this story has a happy ending for us all.
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