SWFloridaGuy

5-4-13 SWFloridaGuy: I haven't been posting for a while because I really just have lost so much respect for those who, in my opinion, deliver information on daily that is unethical considering they themselves realize that their predictions contain about as much verisimilitude as me becoming a Jedi-Knight. Maybe that's a character defect I need to work on. But when you see thousands of people worship XXXX, showing a complete lack of discernment, the ability to be a critical thinker and question such nonsense it's hard to not get frustrated and unfortunately for the many intelligent investors, it makes us all look like fools who are being scammed. I've also met some of the most intelligent people I'm honored to call friends and continue learn from. Once again I'd like to thank thos who continue to apply themselves and provide solid research such as Kaperoni, Enorrste, Adam Montana, Tlar, Scooter EG, Stryker, Enoch8, Yota691, Proteus and some I'm sure I forgot. While many vets appreciate their efforts, rather large group of dinar holders who appear to be less than perspicacious, devoid of common sense, blinded by greed and simply want to hear we're gonna RV tomorrow (once again), and the rate is so high it will tickle God's toes. For example: Without naming names the Reno scam and a few others I won't mention are promising early cashouts if you hand over your dinar and certain people are making claims on behalf of Wells Fargo "representatives," code for scam and obviously Wells Fargo is not happy about false claims being made on their behalf when they are as skeptical as anyone about the IQD and will have nothing to do with it until the currency goes international. So not here to be negative but felt obligated to warn the newbies once again. I was there once my self and certainly had to learn the hard way. On a positive note, none of this takes away from the validity of this investment all though nothing is guaranteed and there is always risk involved. I have never lost faith that we will prosper from this. How much and how long this will take is not something I concern myself with, as I of course, have no control. I feel lucky to be involved and have grown more appreciative of this opportunity since I started ignoring the rumors. Just my personal perrogative. The Finance Committee acknowledges certain remaining obstacles while also maintaining it is an absolute necessity at this time, which coincides with the WTO and IMF recommendations. Iraq's dependence on the oil sector and the absence of any diversity in resources has been addressed by economists operating within systematic programs accurately to activate economic sectors agriculture, industry and provide jobs for the labor and increase budget resources. Whether or not they will be successful remains to be seen. We've seen countless committees highly skilled in the art of procrastination and ineptness. However, lately I am very encouraged by the Erbil terms being addressed and the HCL once again to the forefront of discussion. Perhaps Maliki's opposition efficaciously found an angle where it is in the PMs best interest to play ball. Personally, I'm just hoping for the best and figured out long ago, when it comes to the GOI, my ability to adumbrate on the matter is leaves something to be desired. Thanks you to all the newshounds who continue to spend countless hours trying to decipher this puzzle. It does appear that slowly but surely, Iraq is making some real progress. Thanks goodness there is such a balanced group here at DD, forums such as DV, guru free chat rooms like MIG and Stryker. We'll just have to keep eachother sane. If you've ever been in the cult-like guru sites it's almost comical. Pages and pages will fly by with emoticons jumping for joy singing wooooohooo, yippie, our blessing "that God owes us," like he's some kind of sugar daddy now in full support of the love of money, details aren't important but the manna is flowing. For the newbies: Next time someone tells you a date and rate, ASN, this is our last weekend, then confirms it with 20 others 5 minutes later. Ask them this question, "are your super secret intel contacts Prosperity Package Memos? You may recall 90% of the date/rate predictions come from these memos. I have a friend who's unfortunately been involved in this con for 15 years. I think it's only fair to share this PP memo with the community where many of these rumors originate so you can make up your own mind as to their validity. Here's just one example. This was sent out on May 22, 2012 and I can assure you that the verbage has only gotten more absurd while the aggrandizement of those who provide erroneous reporting unworthy of a National Enquirer footnote succeed as presenting rumors accepted as gospel. ****** "PROSPERITY PACKAGE ANNOUNCEMENT: From Trader around 17:00 (Eastern) who got word from his banker that they released the Codes to the groups out there and groups are getting the Codes out to their people sometime tonight. I had another call about an hour ago (ca 20:00) that he receive word that the people who are considered the next level below the Whales, are in the banks right now cashing in their Dinar. Also heard from another source who said he heard that full release was given today for the Deliveries of the F.I.P. and the Prosperity Programs and for the RV to come in. Another thing is got from Trader, was that they could not have given the Codes out unless they did an internal announcement in the banks today which would get everything started. The person with the Delivery Release said that this was set for everything to be done tomorrow (Tuesday). Heard from another person whose Group Leader told them that Codes were coming in that moment- which was a couple of hours ago, and they were getting ready to send it out to the people tonight.” Well I’m waiting to hear from you regarding the Codes. Well what happens is, the Codes are individual for people. The way they work this is that they (Group) had to give the banks the person’s name, address, phone number and the amount of Dinar and Dong. They will receive a unique number in the contact and they will be instructed to which bank to go and the number to call to make an appointment. When they go in, they give that Code information which matches up to what the bank has, and then they pay the higher rate. So if you did put that information in – which I and probably you did do, they will receive the $43.10 vs. the additional $7.00 bonus. So, if you don’t get a code in the e-mail tonight, you know you are not in one of the valid groups. Tomorrow you can call the bank and make an Appointment to cash in." END ****** On a more positive note: Concerning the WTO, last we heard senior Iraqi officials were receiving intensive training and being instructed on the necessary steps they would have to take to be eligable. Nothing is confirmed yet but the GOI is more than interested in joining the WTO (which requires a convertible currency). This would not only benefit Iraqi citizens but also to all those who have invested in the Iraqi Dinar. Joining the WTO would mean increased economic activity and more foreign investment in the country. This idea of Iraq joining the WTO has been both has it's supporters and also has encountered some opposition as well. Lack of economic diversification and their dependency upon fossil fuels is one possible obstacle they've been struggling to overcome. Although Iraq lacks infrastructure, raw material and resources to create products that can compete on an international level there are supporters among WTO members who maintain that joining the WTO will aide in infrastructure and industry development. This only concerns us because due to accession requirements (which are ongoing and progressing currrently), the outcome of which will have a direct influence on the value of Iraqi Dinar. Under this arrangement oil exports, developing sectors such as agriculture, education, oil exploration, gold purification/extraction are all major contributing factors. If and this is a big "if" the GOI refrains from theft and corruption and invests in these many industries and production activities that will support their national pride and international standing. The result wil be a strengthened economy and a strong currency. Just to be clear, a strong currency doesn't necessarily pertain to the value or implicate a large RV but it does address a very important aspect which is confidence and in this faith based economy, this in turn will affect supply and demand and possibly more ammunition for those I have absolute faith that over time it is inevitable that the IQD will be somewhere on par with the USD eventually. The mechanism by which they will acheive this and the timing is of course anyone's guess. Considering the current turmoil with the GOI I would be surprised if a solid date for the implementation of their currency reform project has yet to be determined and is hinging on legislation that will support it's stability. It appears to be a work in progress. I do believe that our patience will be rewarded and I feel there's more of a sense of urgency this year and we may be closer than we think. These are simply my opinions, which may or may not be correct. There has been a lot of talk about deleting the zeros lately. Also, as usual, many conflicting articles that say those rumors are false. Personally, I believe that deleting the zeros is not the current plan of action. For the time being I believe the rate will be adjusted through discrete revaluations due to fundamental disequilibria. The CBI's reserves continue to grow as well as foreign investment a surprising, somewhat willingness to compromise. Most likely due to threats or power struggles. The only issue is these reserves will not fully cover all domestic liabilities, which leaves them some room for discretionary monetary policy. The IQD is adjusted periodically in small amounts at a fixed rate or in response to changes in selective quantitative indicators. I believe when the time is right, necessary legislation is passed and the GOI cleans house, the CBI will make their move and peg directly to either the relevant commodity or do a hybrid solution. Of course these opinions are void of any in-exorable certainty. I've been off the mark quite a few times and would love to hear others opinions on all that has transpired in 2013. Anyway, miss chatting with you guys but I do stop by and lurk quite often. Just been kinda burnt out on this whole thing. Thanks.

Well, apparently Blaino must have seen this thread because he just got done talking trash about me on his call. All I'm trying to do is figure out how anyone could claim to be able to cash us out early up to 2 million dinar now and then also be able to pay out a multiplier rate post rv also. Can't wrap my head around that and I'll be very curious to see what happens to the ones who send money in. I think those are valid and fair questions considering there's so much on the line. Why would an "entity" pay out billions of USD for a currency that they have no proof will revalue to a level that will be able to cover their expenses and why wouldn't they just purchase it at the current rate through a 3rd party? I'm just curious because anyone who's been in this any amount of time has seen similar claims made by other groups and we all know how that turned out. Anyway, I guess we'll just have to see how this turns out for those that signed up. I wish them the best and hope no one loses money but needless to say I'm extremely skeptical and concerned for some friends of mine who have already signed an NDA with him regarding this early cashout plan.

Not sticking up for the rumor at all but Elizabeth and Michael are two different people.

Thanks Yota

Yes, they are taking it very serious and signing NDAs with Blaino.

Blaino may be unaware he's being scammed. This has happened many times before with scam groups like Beverly Skinner, Tampa and the Reno group. Another reason I can't believe that after being duped by Hammerman and his Reno trip that someone would fall for a similar deal yet once again. I'll be curious to see what happens to the group who signed this new NDA with him and will be looking to fly out to this undisclosed location to cash out early. Apparently, this "source" is willing to pay 75 cents to $2.00 because they can't get IQD by other means. No explanation of why they can't, that's also confidential according to him. Whole thing smells of scam to me.

He's now saying his "sources" will pay 75 cents to $2.00 per dinar before the RV and then post RV will be able to pay out a "multiplier" which would be a much higher rate. He's still doing a moderated chat that's been going on for a while now over at his site. This is the kind of Reno deal that will most likely blow up pretty bad for someone.

Trying to message you Thug.

Why is Blaino now telling his members that he can fly them to an undisclosed location and cash them out early or if it RVs Monday he has some secret buyer who will pay them a "multiplier" which he claims is in essence a much higher rate than any exchange or bank would offer. Why on earth would someone pay a higher rate for no reason post RV and why would anyone fly a group out to cash them out before there is a rate change? What he is telling his members will be "over the hump money." This sounds like Reno all over again. I would cut and paste his claims here but he's threatening to sue anyone who does.

Chuck Finley rocks, that's all I got out of this.

Thanks Butifldrm, very interesting and great to see you.

Thanks Darin

Thanks Easy

It's beyond ridiculous and the Tier cashout myth is something that only exists in dinar chat rooms. Not reality. If we were to bring information like this to a professional economist they would laugh at us. We might as well be listening to Hammerman.

Thanks

Thanks Yota

I agree with you Tripphood. We all may interpret the news differently but Kap is one of the good guys. I don't think any two people see this in exactly the same way but I like his style.

Thanks Albundy

Thanks Yota and gm to ya.

Since 1960 there have been 25 episodes of large nominal and real appreciations (granted not in the range of what we're hoping for). If you solely look at historic large currency appreciations, even a 20% increase, runs the risk of having negative long term effects. A 100,000% increase is by far the most agrressive approach every undertaken, if indeed that is the plan, be that long-term of short-term. But I also believe that if any country could ever pull this off, it is Iraq. They are even now saying that's their goal. We're just unaware of how they will go about achieving this. The macroeconomic effects of "appreciation shocks" differ between developed and developing countries. Studies have shown that the immediate output response of large RVs is positive, i.e. output growth accelerates, but they turn negative after about three years. For years now economists have been studying ways to raise the value of the IQD and sustain that growth as well. If they were planning a straight redenomination with no significant rate increase they would have never spent this much time studying the long term effects, in-country (and out) security issues, counterfeiting, dedollarization and how to institute a market-based economy where they are respected as a borrow in the eyes of global capital markets. Listed below in chronological order are the former large currency appreciation shocks. Australia 1971 - 10.30%. Sweden 1977 - 11.30%. Ireland 1978 - 22.00%. Malaysia 1978 - 16.50%. Algeria 1980 - 28.00%. Singapore 1980 - 12.40%. Belize 1981 - 16.00%. Algeria 1982 - 11.70%. Ivory Coast 1983 - 26.40%. Cameroon 1984 - 21.20%. Spain - 1986 19.00%. Singapore 1988 - 17.00%. Spain 1988 - 11.20%. Germany 1968 - 12.90%. Japan 1970 - 24.00%. Switzerland 1971 - 20.60%. Switzerland 1974 - 13.00%. Japan 1975 - 20.90%. Romania 1980 - 35.40%. Taiwan 1986 - 11.40%. Chile 1992 - 15.00%. Colombia* 2004 - 23.00%

Thanks for the chat Adam.

Thanks Albundy.

Haha don't get nuked dude. If Kim Jong-Un tries to take you out, Dennis Rodman will have your back though.

You bring up great points which are also questions and concerns I have. Professional economists continue to disagree on these issues and how best to resolve them initially while also maintaining long-term stability. The best solution I've read about is changing the peg to a PEP or broad-based commodity peg. I completely agree with Doug Casey and the Casey Research team who I've emailed about this, that the future of the USD does not look very bright.

If Iraq was going to Lop they would have done it when they were at 3000 to 1 rather than steadily increasing it. We've read about the CBI possibly going to 1000 to 1, we've seen on par with the USD mentioned countless times and the Finance Committee is telling you they're going to return the value to previous levels. Obviously, they're talking about when it was on par or higher than the USD. Unless you think they're talking about transgression it's going to be a positive step at some level. Iraq's GDP growth for 2012 was 11.1% Reuters reported that Iraq is the 2nd fastest growing economy in 2012 with $170 billion. Excluding the oil sector the economy is expected to grow by at least 9.4%. The latest report to US Congress forecasts Iraq's GDP growth 3x that of the next strongest MENA economy. In the 70s when Iraq's currency held a much higher value GDP only ranged from $2 billion - $8 billion. I don't think we should underestimate Iraq's wealth. Let's not forget that oil is quickly becoming second in Iraq to gold. The CBI has stated they have significant plans for economic integration. They are currently the premier emerging market, not only in the Middle East, but the world. Iraq has positioned itself to make a significant impact on the oil and energy industry. In the 70s, when their former currency boasted a much larger value, Iraq's foreign reserves were only 35 billion. As CBI reserves grow, so does their credibility. If Iraq was to redenominate they would lose instant credibility, foreign investment and a great opportunity for central banks to use the IQD as an adjustment tool or stimulus during this global financial crisis. If there was ever a country who was a good candidate for a revaluation it's Iraq. We will never be able to prove that a revaluation is coming, just like the Romanians couldn't. But it makes sense for a lot of different reasons and has only increased in value since I've had it. So, I will continue to wait and hope for the best possible outcome.