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Good afternoon, beautiful dinarians! First order of business... DATE CHECK. Yep, it's the 12th of August. So far so good! I had planned on doing a longer update last week. Or Weekend. Or early this week. None of that happened , and I apologize. Time just got away from me, family matters took precedence, and the VIP matters took more of my time than I anticipated. It happens. And here we are, well past the morning, and the day is getting away... again. Moving on! The big news of the day (domestically) seems to be Joe Biden has picked a VP. Jump in that conversation here. That's enough of that stuff OIL - happy news for Iraq, and this does nothing but bolster their confidence. We know it's going to go back to former levels seen this year. We can be fairly certain this current low rate won't stick around... and of course I'm talking about both OIL and also Dinar. As much as I state that the Auctions aren't an indicator of an RV, the continued solid auctions just prove that Iraq is a well oiled (haha) machine. The current auction prices won't stay where they are. One of the biggest events on the calendar is our boy Kazzamie coming to America. Check it out here, and bookmark that page to follow along. I love the progress. I want to see some HCL news, but it's very possible that they are lining a few things up before it goes through. When we have HCL, I believe we will get our RV. It's coming! This is worth a look. Engineer says not to take microchip. And when you're done reading up on the Iraqi news... maybe spend some time in the Music Videos section. Lots of good jams in there! 🎸 That's it for now... go HCL, go Kazzammie, GO RV!!!!!!! P.S. Get in the powerball pool!

Good morning good morning! Date check... YEP, it's August 5. 👌 There is a lot going on right now in the Dinar world. I'll do a breakdown of the articles and news later this week, possibly Sunday, but definitely before next Wednesday. For this morning, I just wanted to pop in and say "hi"! Interesting threads of the moment: Of COURSE the Weekly Powerball Pool. (You can't win if you don't play!) NESERA / GESERA - I've been receiving a lot of messages about this one. I'm not ignoring it on purpose, as I was accused of in one message! I'm just holding comments for now... but it's certainly worth a look! Check it out here. For those in VIP - A VIP update.* (email going out in 3... 2... 1... you should have it by the time you read this. ) *I touched on some items in that VIP update that are extremely important, and the work that I referenced there has my calendar busy (BUSY!) for the moment, so I'll end this here and get back to it. Have a FANTASTIC day, everyone! Go HCL... go Iraq... GOOO RRRVVVV!!!! - Adam ***** edit - adding link to the VIP post that was sent via email ---> Here it is <----

Good morning DinarVets, Happy Wednesday! Hump day is here again, so the first thing I did was... double check the DATE on my title Today IS the 29th. So far, so good! I don't have to tell everyone this (thanks to everyone who emailed!), but the site was down for maintenance earlier this week. It will be down again, possibly a few times, over the coming days. We are adding some functions, revamping some backend stuff, and making improvements. Don't worry - the downtime will be limited and short. WHY these changes are happening now should be obvious if you read the news and keep up with the developments. Change is coming, and I plan on being over-prepared. We are also going to be doing some tests on some internal systems... including the "RV Text" system. This will NOT happen until 1) I send the email announcing it, and 2) you follow the instructions you are given. Please do NOT make a post saying "I didn't get the text!". (Now that I've written that, I am expecting only half of the usual posts saying "I didn't get the text" ) Full details on the changes will be released in short order. Other than the upcoming TEST text, the only time you will get a text from me is still the RV announcement. Before we have an RV, we need the HCL to be done. I'm more certain of this than ever... and activity in Parliament regarding the HCL has been higher lately than it has in years. In fact, it was on the agenda for today. (Has anyone kept track of how many times they have mentioned it this month alone?!) I continue to be extremely impressed with how Kazzammie is moving things forward. This guy should have been hired a long time ago! Don't get too excited, at least not quite yet... I don't expect to see the RV announced until the HCL is completed. And I don't expect the HCL to be announced as completed until they are ready to RV. These are likely to be two simultaneous announcements, judging from how things are proceeding. The headline will look something like this: Of course, that will be in Arabic. And the translations will vary, but the end result is the same: Higher exchange rate = Profits for us. Being in VIP here at DinarVets guarantees you a couple things, only one of which is that Text Message I mentioned above. We are also going to get a better return on our exchange by reducing the spread - if you don't know what that means, for the LOVE OF PETE PLEASE READ THE CASH IN GUIDE! It's free, it's short, and you have nothing to lose by reading it. There is much, much more, but when the very first thing you get is more money in your pocket... do I really need to say more?! Rather than spending my time on breaking down the news articles this morning, I'm going to get back to the nerdy and thankless work that goes on in the background here. I'll invite everyone to post any specific questions you have on (Iraq, HCL, Kazzammie, etc) below, but please don't ask about the site changes yet - I'll send an email and make an official post when these upgrades are complete. Have a fantastic day, everyone! Go Iraq. Go HCL. GO RV!!!!!!! - Adam P.S. Can't forget the Weekly Powerball Pool!

Good morning folks, Happy Wednesday! OIL - over $40. Good enough! OIL is an interesting spot to start this chat because... well because "OIL". OIL is the reason Iraq has this unique opportunity and it's the foundation for their wealth - past, lost, present, and future. If Iraq didn't have the natural resources, this site wouldn't exist. The opportunity wouldn't be here. But, they do, and we are here. Our man @yota691 just posted this article where our other man Kazzamie gives us a little "read between the lines" material. At first glance, it sounds like the article is describing a normal visit to a neighboring middle eastern country. Upon deeper investigation, you should realize that Iraq has successfully migrated from the place where Iran was manipulating them, to their current position of strength with Iran. Iraq is no longer a puppet of Iran. This is one of the best possible scenarios for us! I wouldn't say it was mandatory for a progression of the RV timeline, but it's most certainly a positive thing! Iran isn't the only place Iraq and Kazzammie are working. We're also witnessing positive Saudi news. We also have news regarding Iraq's oil exports... and they are NOT complying with the OPEC+ agreement. It was my opinion all along that they would not comply with that agreement... they are nodding "yes", but doing exactly what they want at the same time. Iraq is moving forward, they are strengthening all aspects of their situation... and that is GOOD for us! How many "thumbs up" emojis can I use in one day?! Don't worry, I'm not done yet - there's more coming! In the VIP section, I'm working on a couple of things. One is a "What-To-Expect-And-Do-Post-RV" post/guide. As I was going through that project, I decided to incorporate it into a sort of "VIP Verification" project, which is tied to another project that will revamp and revise the Text Message Service. (When the RV is announced, part of the VIP benefits here is a text message to you notifying you of the event.) I'll be sending out an announcement once that's complete - I'm expecting it done and launched by middle of next week, unless we have an RV in the meantime. If that happens, please note that the current Text Service is functioning perfectly, and anyone who has paid for it will get their text. The Text Service will NOT change, and NO TEST TEXTS will be sent, until I make the public announcement. Part of the "VIP Verification" project is going to be a short quiz on the Cash In Guide - many people still haven't invested the 7 minutes into themselves and their future, and this kind of blows my mind! It's a free guide, it's a short read, and you might be amazed at how many questions will be answered when you read it. For your own peace of mind... just grab a copy and read it over your morning coffee or on the next bathroom break. It's really that short, that simple, and it's free! Get it here. Ok, my thumbs are getting lightheaded here... time to get to work. Don't forget the Weekly Lotto Pool - get in! Go Kazzammie, go HCL, go Iraq.... GO RRRVVVV!!!!!!! - Adam

Good morning DinarVets, happy Wednesday! If it feels like you just heard from me... the last update was just Sunday the 12th and it was a good one, judging from the commentary that followed! If you didn't catch it, the majority of it was a recap on my theory of what the Rate should/could be. I don't have much to add on that (yet), but what I AM doing today is wrapping up some changes to the RV Text Message service - you will see an official announcement on that soon. FYI - when the value of the Dinar changes (RV!), all members of DinarVets are going to get an email announcement. It will contain information on the rate and any other information that is available at that time. This email is free of charge to ALL members of DinarVets - if you're not a member yet, you can sign up for a free account here. DinarVets members can purchase a one-time text alert, which will alert you to check your email for the announcement I mentioned above. VIP members will get a text message alerting them to check their email. This service is included with VIP at no additional fee. The current TEXT system is still working perfectly, but given the current situation... I felt it was time to revamp it and make DOUBLE sure that no texts would get lost. The "weakest link" in the text system is user input error, so we are going to add a "test" functionality to the system. :gasp: VIP members, and anyone who has purchased the $9.99 text message service - you're going to get instructions on how to verify your phone number and receive ONE test text message. This will be free for you. If you want to change your phone number and test the new number, there will probably be a small fee to run the system and change the number - just to keep it from being abused. The email announcing that should go out by the end of next week. Again, and this is important(!!!) - the current system is still working perfectly. There is no need to worry! If the RV is announced tomorrow, the current system will send out the RV text to the number you entered, as it was entered. I'm also working through the "What to Expect and Do - Post RV" post for the VIP group. I'm hoping to release both of these items at the same time, with a surprise bonus for the VIP members. It should be no surprise that I'm revving up the engines on important things like this. We are seeing the most positive HCL news that we have seen in... well, ever - and I'm putting 100% into making sure all systems have green lights and double failsafes. If you're not in VIP - you should be. The choice is yours, of course! I'll keep doing the Weekly updates until the RV is announced, and then I'll be limiting myself to the VIP group. Best regards, everyone, and make it a great day! Go HCL. Go Iraq. GO RV!!!!!!!!

Hey hey Happy Sundayyyy!!! There are so many things that I want to go over right now I barely know where to start! Perhaps "the basics" would be good. Or maybe the rate should be addressed. I'm also working through a "Post-RV - What To Expect And Do" article that will go in VIP this week. There are changes coming in the tax codes (for multiple countries), there are political situations that are extremely relevant and telling, and so much more is happening all at once right now! The "basics" are simple, and that's all anyone really needs to be able to sit back and wait. Iraq previously held one of the highest valued currencies in the world, and one day they will again. Although their country was knocked into the stone ages through a series of events that are now somewhat ancient history, Iraq still holds a majority of the black gold available on this planet. While the world runs on this stuff, and it will continue to do so, Iraq continues to hold an immensely powerful position. They suffered some extreme setbacks, but they did not lose their oil. This is a no-brainer to me - the value of Iraq's currency will rise again. The main holdup has been political. When Saddam was removed, the entire government basically collapsed, and the world lost faith in Iraq's ability to do... anything. The current situation is entirely different than the situation that dropped the value of the Dinar. In fact, the current situation is entirely different than that of Iraq even 5 years ago! We currently have a Prime Minister in place who is finally doing all the right things. I have affectionately named him "Kazzamie" because the progress he's made seems like a magic trick at times! The next crucial step to this journey, and this is a fundamental part of it, is the HCL. "HCL", or "Hydro Carbon Law", is the agreement necessary to furthering Iraq's regaining of wealth. Without the HCL in place, there is no financial agreement within Iraq, and it is more beneficial to the politicians to keep the rate low. Once the HCL is in place, it will be more beneficial to have a higher rate... and we are seeing a LOT of promising news on HCL right now. The rate - let's address that, because it's important. One of the most frustrating things about this adventure is the math. You know the saying "where there is smoke, there is fire"? This applies to all of the rumors you hear from the "date and rate" gurus. Sometimes they are misguided, sometimes they are mistaken, sometimes they are just plain "full of it", but all of the noise - the smoke - begins from a place of reality, and that place is the very real opportunity we have here. The value WILL go up. The question is, and always has been... How much, and when? Unfortunately, there is no way to know for sure. That's why this is called "speculation" instead of "guaranteed", just like "fishing" isn't called "catching". (We all know how many fish you catch if you never throw a line out!) What we CAN do is make reasonable guesses. We can form informed opinions. I have an opinion... this was published a while back, and the theory part still holds true. I may be updating my thoughts on the rate soon, but everything else is still solid. ============ There are plenty of theories on what the rate of the revalued Iraqi Dinar will be, and they honestly range from pennies to dollars… my friends, that is a HUGE difference in ROI if you hold several million Dinar! If the rate is several dollars, then your holdings could equal several million USD! If the rate is in the pennies, then your investment is potentially worth several tens of thousands of dollars… BIG swing there, right? I’m going to list a couple of speculated rates and the reasons behind them, then I’ll tell you what I think is most likely. Speculated rates and theories: Based on Kuwaiti Dinar. It’s been said that the rate must equal their neighboring Kuwaiti Dinar rate, which would put the Dinar at $3+. Many people speculate that the Iraqi’s are a prideful people, and it would be a slap in the face to have a revalued currency be less than Kuwaits. Based on "dropping the 0′s" It’s mentioned many times in the news that the 0′s could be dropped, which would mean one of two things: 1. The 0′s are dropped from the bills, which essentially puts most investors at a break even return. Nothing gained, nothing lost. 2. The 0′s are dropped from the exchange rate, which is currently .00086 (Dinars are worth about 1170 IQD per 1USD, or an exchange of .00086). This means your dinars are worth .86USD per Dinar – in other words, a 10,000 IQD note is exchanged for $8,600 minus spread and bank fees. (If you don’t understand the “spread”, or you think there will be no spread, PLEASE read my free Cash In Guide. It’s located here) Based on “equal to the USD” We see articles all the time that reference the US Dollar, stating that the CBI wants the IQD to be equal to the USD. An easy assumption is to simply RV at 1:1, making a 10,000IQD note worth $10,000. Based on “they can’t RV low or investors will buy too much!” Some people state they will not cash in for anything less than $1. They state that Iraq would be foolish to RV at a low rate, because then big money will come in and buy up a ton of Dinar before it can go higher. (This theory is wrong, FYI.) My Thoughts: Keep in mind that I’m trying to keep this as simple as possible. I am going to use hypothetical figures, and I’m going to make my point as quickly as possible… we all have better things to do than listen to me ramble on for days, right? I agree with a few of the speculations above. I think the Iraqi Dinar should have a higher value, and I think we are simply waiting on the HCL or Chapter 7(!!!) to be finalized… then it will be “GO” time! But my opinion of the rate goes a little deeper… it includes a “business sense analysis” that everyone might consider. Iraq is a business – and the business is natural reserves. Iraq holds a majority of the worlds natural gas and also black gold, also known as “oil”. When Iraq is released from Chapter 7 and the HCL has been settled, they will begin operating their business using the same principals any other successful company uses – the goals being profit, sustainability, and success! Did I mention profit? Yes indeed, friends! PROFIT. The most important concept to understand today is this: The CBI makes money on every auction, and they will continue to do so forever. When the Dinar changes value, the CBI buys it at a lower rate, and then sells it at a higher rate. The CBI will ALWAYS choose the path that makes them the most money. Keep that in mind as we continue with this thesis! (*** click here for a detailed explanation on how the CBI auctions work) Let’s move forward a few steps and talk about a ReValued dinar. I agree that a lower rate than Kuwait will be a blow to the ego’s of the Iraqis. I agree that it should be on par with the USD, or even higher. I agree that the rate WILL get there… eventually. When the Iraqi Dinar is ReValued to a higher rate, it will become more desirable to do business in Iraq. Many people will be less hesitant to sign contracts and invest in Iraq. The current Iraqi Stock Exchange (ISX) should see some major movement… and the CBI (Central Bank of Iraq) is going to make tons of money on the exchanges! I believe that Iraq can sustain a very stable currency at a rate of $3 or higher, but I don’t think they will immediately jump to that rate even if they ultimately desire it to be so. Here’s why: An instantaneous RV to $3.00 will create a ton of wealth – coincidentally, probably about the same amount of wealth that they lost when Saddam Hussein was taken out of power and the value of the Iraqi Dinar plummeted to mere pennies! What’s done is done, though, and we have to look at the situation for what it is today – not what it could have been or should have been. When the Dinar rises in value and people are ready to “Cash In”, there is only one place that will ultimately buy the Dinar: The CBI. Since they control the rate and they are the top of the chain, they can set their spread (the fees they charge for cashing in your Dinar) to any rate they want. I’m of the opinion that they will jack that rate up as high as possible in the beginning… and who’s going to say no? The CBI has a monopoly on this market and it is theirs to do with as they please. A normal foreign currency exchange carries a “spread” of 2-6%. This means if you exchange $1000 worth of a foreign currency, you can expect to receive approximately $940 after the spread is taken out. Those numbers in the middle aren’t important, the only important thing is what you walk away with. Since the CBI has complete control on the spread, which trickles down through every single banking institution that handles the Dinar, we are at their mercy. Don’t miss this next line: If the CBI won’t buy your dinar, then you will not be able to cash in. Take a hypothetical rate of $3. The CBI can (and probably will) put a hefty spread their buy price – I’ve heard it will be at least 25% if they RV high. This means they will sell the Dinar for $3, but they will buy it for $2.25 Personally, I’d be grateful and overjoyed to see a 25% spread on a $3 RV! Most likely, we will only see about $2.00 per Dinar at a $3 RV by the time it gets in our hands (every party involved will take a little chunk, unless you are physically able to go to the CBI. And you can’t do that. So, just accept it – you’re going to pay a spread.) Once again, the extra numbers aren’t important right now – the only number that’s important is the $3 and the $2.25, because that’s what the CBI is worried about. Let’s say there is a billion USD worth of Dinar out there right now, or 1 trillion IQD. The CBI pays $2.25 for every $3 worth of Dinar, then resells it the next day for $3. That’s a profit of $75 billion just on the spread. Not bad, right? The problem is it cost them 225 billion to do that… and that 225 billion goes right into the “debt” column. My friends, Iraq isn’t about to go into debt so we can get rich. Therefore, a $3 RV isn’t the answer, and we must look at another possibility. Take a hypothetical rate of $0.10 (ten cents) Again, using the same numbers we have 1 Trillion IQD that needs to be changed out to smaller denominations. The CBI announces the rate at ten cents and also announces that your large notes will be worthless in 90 days. Every investor would love to hold out for a higher rate, but in this situation you have no choice… you cash out. The CBI will likely use the same spread, so they will buy 1 trillion Dinar at a rate of .10, minus 25% spread, which gives us about $750 for every 10,000IQD note we have… and the CBI makes 250 million in the first 90 days at an expense of only 1 billion. This puts their debt on this transaction at only 750 million… a far cry from the 225 billion in the $3 RV!!! However, this is only the first step. Now I’ll show you how Iraq can easily wipe that debt out by ReValuing the Dinar at a lower rate initially, then making money as the Dinar increases in value over a relatively short period of time. What about all the other investors that will now come in to buy up the lower denomination notes, speculating that the Dinar will continue to rise? I completely agree that this will happen! And the CBI will continue to make money on it. In the above situation, the Dinar is being sold by the CBI at .10USD per 1IQD. After all of the large notes are brought in, it is reasonable to assume twice as much money will be poured back into Dinar by speculators, at .10. Now the CBI is able to sell 2 billion at 10 cents, and they can move the peg on the Dinar up a bit – say, to 15 cents. Investors will cash in for a profit, allowing the CBI to resell at the higher rate and once again make profit. Of course, not all investors will cash in at 15 cents. For the sake of argument, let’s say half of the investors sell out at that point. The CBI pays 0.1125USD per dinar (A profit of 12.5% for the investors!!!) and resells that billion for 15 cents – securing a profit of 375 million. The CBI’s “debt” on the original RV is now down to 375 million… do you see how this is working? The CBI is able to make up the “loss” on the original RV simply by continuing to hold auctions and allowing more and more people to profit on the increasing value. At this point, in our hypothetical situation of a 10 cent RV, the CBI has covered half of it’s loss with only one “repeg”. They can continue to profit all the way up to the final rate of $1, $2, $3, or higher – as long as investors are willing to buy the Dinar, they can keep moving it up. And the way things are going over there… why wouldn’t we keep buying? I know I plan on doing so! In conclusion, I want to caution everyone to be careful with this investment. As good as things look, we never know when some hairbrained Arab is going to pull the pin on a grenade or something silly like that. Only buy what you can afford to lose, and always consult a professional before making investment decisions. =========== // ============ The above was written years ago, and it all holds true to this day. When I originally wrote the above thesis on the rate, we were waiting for Chapter 7 and the HCL. Chapter 7 is done. HCL is next. The RV will be shortly after that, or it will happen simultaneously. Either way... we are closing in on the final day. Go HCL, Go Iraq, GO RRRRRVVVVVV!!!!! Happy Sunday, everyone! - Adam

Good morning and Happy Wednesday! I'm keeping this one short due to lack of time this morning - I'm still barely getting caught up with (life) after an amazing holiday weekend. Nobody lost any fingers (or other valuable appendages) at my house, despite our best attempts. Obviously that means we are getting good still lucky! My next update will be sooner than next Wednesday, and the likelihood of it being PACKED with good stuff is high. HCL is progressing. No, we don't have it done yet. But YES, it is progressing! Stay patient just a little longer and "ye shall be rewarded". OIL is currently OVER $40. Still stable, still positive, still a great place. P.M. Kazzammie is still in good graces where it counts, still making moves, and I still like his trajectory. We are just waiting for a little gust of wind to sail us the final stretch. The port is in view, anchors are up, sheets are ready to be filled... hang in there, friends! Be sure to get in the Lotto Pool while you wait! Warmest regards, and brimming with excitement to do the next update, - Adam --- admin edit: ---- Weekly update continued here.

Good morning and HAPPY WEDNESDAY! These Weekly updates are getting more and more fun for me, because Iraq is moving faster and faster. The proof is coming daily, hourly... we are looking at an HCL move soon, and that's about all we need right now! The comments on my Weekly update last week reached 6 pages pretty quickly... here's one of the highlights: That doesn't say "HCL tomorrow, RV by Friday"... but it's pretty darn close! The new PM Kazzamie is operating efficiently and effectively. We are going to hear some detractions and criticisms, but he is doing a great job in my opinion. Oil is slightly down this morning, but the overall trend is stable and upwards, currently at $39.24. The IMF is predicting a continuation - I agree. As we move closer to a successful resolution and completion with HCL, we are going to start hearing a LOT from the "gurus". Some of them will be right, some will always be "full of it", but the closer we get... the louder it's going to seem. Stay calm, don't let emotions get the best of you, and hang tight... we are closing in. That's all I'm posting for this morning. Go Iraq, go HCL, GO RV!!!!!!! - Adam

Good morning, good morning! This may end up being a "less is more" kind of post. Reason? HCL. I made mention last week that we are in a great spot, and I was hoping to see some movement on the HCL. @DinarThug, true to form, followed up with this. And this. ("The oil and gas law will be included in the upcoming sessions.") And this. And this! And this. And THIS!!! And... seriously, it just kept going. There are times when I find it perfectly acceptable to be calm, sit back, and not get too excited. This is not that time. We are looking at constant HCL news, constant mention of monetary change, constant clues that we are on the brink of a monumental event. I'm ready. === // This next part will be deleted tomorrow: // ===== (deleted) === // The above will be removed tomorrow. You snooze... you lose! // ==== Don't get me wrong... I'm pretty stoked about the stability of bitcoin (and the potential of quite a few other cryptos!), the markets are encouraging (hat tip to @Pitcher for the great analysis every week!), and a mess of other stuff! There is just so much going on right now that smells like "HCL", like this and this and this and... it's almost overwhelming. You can bet the gurus are going to be going nuts here pretty soon. As a VIP member, you can ignore all of the hype and the nonsense you read or hear, and relax while you watch for my text and email with the official RV announcement. Hang on to your hats, friends... stay grounded, get in VIP, and enjoy the ride. Go Kazzammie. Go HCL. GO RV. - Adam P.S. Don't forget about the Weekly Powerball Pool!

Good morning and HAPPY WEDNESDAY! Yes, I'm a bit excited. A big reason is some progress (a breakthrough, in fact!) in OSI (part of our VIP area), details of which are here. The second reason, which makes the above even sweeter, is the situation surrounding us. OIL - Oil is a big deal. WTI is stable at just under $40. The previous Iraqi Budget was published at an expected rate higher than $40, and throughout 2019 the price of Oil never quite hit the mark they established for it, yet Iraq was able to sustain operations even at the lower price. Even more impressive is the fact that when Oil went to negative rates recently, Iraq didn't crumble. They survived. And even more impressive than that is the trajectory that this thread is on. Oil, and Iraq, is on the move. The OPEC production cut agreement has made a significant impact on oil and it's place in the world economy. Or, you could say the world economy and the price of oil - they are intertwined. As we move forward in 2020, this is a significant factor in Iraq's ability to increase the value of their financial tools... and we are on the right path. There is more going on, including the upcoming IFEX, and that alone would have a lot of Gurus spewing extra saucy verbal diarrhea... the thing is, some of it is bound to come true, even if they don't have a clue what they are talking about. Why? Because we are getting to that point. A broken clock is still right twice a day. Kazzamie is kicking butt. Seriously - I have a list of over a dozen articles that I love from just the last few days. The only thing we are missing right now is the HCL. And even that "smells" close. I'll do a discount on VIP by email later this week. It's going to be a limited one, so jump on it quick when you see the email. I'll be in touch soon! GOOOOO RRRRRVVVVV!!!!!!! - Adam P.S. Don't forget to get in our Weekly Powerball Pool!

Good morning and Happy Wednesday! I don't see a need to make this update overly complicated, so... I won't! OIL: We saw negative prices recently, but it has shot back up to almost $40. This shouldn't come as a surprise - OIL is a necessary commodity, the world isn't going to stop using or needing it anytime soon, and Iraq has a lot. Conclusion: Good for Iraq. Also OIL: The recent OPEC+ agreement to cut production is partly responsible for the rise in price, but this article confirms what I've been saying for years - Iraq isn't really obligated, or inclined, to play by the "rules". The rules don't really apply to them, so why would they? Don't worry - that's a positive thing for us in the speculation game. We want Iraq to use every tool they have, and they are. GOI (Government of Iraq): Our new guy in office Kazzamie continues to plow through obstacles, protests against the former PMs are fading in the rear view mirror quickly, and the list of accomplishments is getting more impressive by the day. (This thread is at 6 pages and counting, and only started Monday! Solid work, @Mary B) More GOI: @DinarThug gave some attention to GOI matters, specifically the Budget and government salaries here. My opinion on the Budget is pretty simple: It doesn't have to be announced prior to an RV, the future rate of the Iraqi Dinar doesn't need to be published in it. However, the articles posted in that thread all have a similar "feel" - Kazzamie is weeding through the mess, doing positive things, moving the ship forward. Even more GOI: @yota691 brought us this article regarding Kazemi, and followed it with a couple of articles regarding a focus on preventing double taxation, referencing Kuwait... If you read the recent explanation of the Iraqi Budget and the Currency Auctions in Iraq, you know that Kuwait and Iraq have a unique situation... some of the details are murky, and hard to put in context, but it stands to reason that Iraq would create loopholes for themselves prior to announcing a significant change in the value of the currency. Kuwait will likely be first in line with their hands out, due to the legal agreement for reparations and the significant amount that is owed to Kuwait by Iraq. This stuff isn't rocket science! (I've linked to this Auctions and Budget post multiple times recently... that's a hint that it's important. ) Also noteworthy is an article DT posted in last week's Weekly update. If this kind of stuff doesn't put a smile on your face, nothing will! That's all I'm going to review for this morning - the summary here, if you hadn't figured it out yet (I'm sure you did!), is: POSITIVE with a side of GIDDY-UP. Go RRRVVVV!!!!! - Adam P.S. Get in our Powerball Pool! You can't win if you don't play, and your odds are better in a group.

Good morning good morning! Happy Wednesday DinarVets, and welcome to another edition of "The Weekly". Hopefully it's one of the few remaining. 2020... what a year so far! I'm not going to comment on the current events because they don't really make a difference on the Iraqi Dinar, and it's a rant that I just don't feel like getting into this morning. I am curious to see what kind of "spike" we will see in corona cases, though, since there are suddenly gobs of people doing the exact opposite of "social distancing"... my guess is that there won't be any massive spike. Time will tell. Anyway! We made it through a couple months of invisible plague. Ramadan and Eid al-Fitr has passed. After a series of unsuccessful attempts at appointing a Prime Minister, Kazemi (RV Kazammy!!!) is approaching only two short months in office, but he's seriously kicking butt! We don't have an HCL agreement (yet), so we don't have an RV. But we are getting close. Kazammi is possibly the first political figure in a position to have a real chance at getting the HCL to pass. One of the reasons is stated on Wikipedia fairly well: https://en.wikipedia.org/wiki/Mustafa_Al-Kadhimi#:~:text=Al-Kadhimi was a vocal,of the Iraqi political parties. The HCL is a VERY polarized topic. In order for it to come together, a couple of opposing parties have to agree on it... and a neutral party as mediator is the best way to go. That's our guy Kazzami! These topics will get you up to speed on "the rest of the story" quickly: 1. Kazemi-Kazammi is not a Kurd, he's not "one of them", but the Kurds are supporting him. This has monumental potential: 2. Iran has lost their power. The "Iran factor" that has held Iraq back in the past is just that... the past. 3. Kazzami has reportedly made his picks, and Parliament should rubber stamp them next week. This is progress. They may not vote every one of them in, but 80% will be enough to move forward. 4. If you want the play-by-play, our fearless and tireless @yota691 has you covered. (tl;dr version: Parliament is working.) And on that note, my friends, I am wrapping up this Weekly. Life is good, things in the desert look positive, and GOOO RRRVVVV!!!!! - Adam

Good morning, and Happy Wednesday! Warning: This Weekly Update is coming in like a lamb and going out like a lion. Before we get into it, I want to thank you all for being the best dang group of people I've ever been associated with. Please know that I never take you for granted, and time after time you impress me with your heart and character - as evidenced time and again, in particular by the incredible outpouring of love, respect, and goodness in last week's update. Cheers to you all, God bless, and thank you. Lots of talk lately about the new PM (KaZAMi-Kablammie-Kademi-KaJustRValready!), exchange rate talk, the US pulling out of Iraqi bases, and of course - "more". There was a time when there wasn't much "more", but lately things are picking up steam - Parliament blazing through tasks, the newly appointed PM seems to almost have entered the scene un-noticed. What I mean by that is the last couple PMs were met with fierce opposition, riots, and outcry. I don't think for a minute that the Iraqi people are done fighting or they have lost their spirit - the fact that Kazammie is still in office, with no reports of (major) riots or protests, is an indicator that he could be "the one". A key part of the "more" is the Iraqi Budget, which is looming on the horizon. The Budget is a big deal, but do NOT expect to see an RV rate in it - in fact, I place very little importance on the Budget numbers. What IS important and relevant is a successful conclusion and announcement of the Budget. That can only happen when the bobbleheads in Parliament actually meet, pull out their pens, and sign the agreement. When that happens, it shows that Iraq is doing something positive, moving forward, and clearing the table for bigger items. The fact that Oil is returning to normal and sustainable price levels... well, that's just gravy. I'm not the only person who looks at that chart and feels hungry! One other component I think we need to keep on the radar is still the HCL. While we are seeing a lot of positive news on many other fronts, the HCL seems... suspiciously quiet. Over the last few weeks, I've been noticing a trend. The news pieces that I am privileged to share and break down for you all have not been the "simple and sometimes boring" topics that have plagued us for months at a time in the recent past. On the contrary, I've been finding that much of the news and the key parts of this complicated web of information are challenging to piece together. It's led to a few "doozies" lately... the recent post on the Iraqi Budget is a good example. That one took a lot of editing and deleting and starting over to break it down into a manageable post that wouldn't make people's eyes glaze over. Based on the responses from the community, I feel it was worth the time. As the year 2020 is progressing, I am seeing more and more information that is stitching together in very complex ways. It makes my "job" a bit harder, but also more satisfying... and it will be even more satisfying when all of these things meet up at the end. The HCL (Hydro Carbon Law) is extremely important. It covers a few things, perhaps most importantly is the money-sharing arrangement that it provides. I may do a longer explanation on this soon, but for this post I'll just state that Oil, the Transportation of Oil, the price of Oil, the intrinsic connection between Oil and Iraq's economy... this is a short list of why the HCL is important. The Middle East as a whole is a major producer of oil. Anything that is produced, and sold, needs to be transported to the consumer. While Iraq only has a small piece of the land that accesses the Gulf of Persia, they do have a sizable and important piece of the land that connects many paths that Oil must cross, and the HCL is vital to forward progress. Hang on to your seat as you read through this next bit: The recent Iran-Turkey pipeline incident, courtesy of the PKK (Kurds), is certainly going to have an affect... particularly since Turkey seems to not want anything to do with fixing it. This incident hurts Iran more than anyone, benefits Iraq, and Turkey comes out better as well - both politically, financially, and in terms of future positioning. That also comes back full circle to the HCL - eliminating Iran from the equation is a benefit to Iraq, and the HCL will be used to ensure that the Kurds get a larger portion of these benefits. Once again, when you look at the big picture it starts to make sense "why" the RV didn't happen yet. The dominoes have been being placed, one at a time, and the HCL just might be the force that starts them moving. I encourage everyone to read the links I posted in the above text. Piece that all together in your head, and get in VIP, because things are about to start happening REALLY FAST. GO HCL. GO RV. Best regards, all! Have a fantastic day and stay safe. - Adam P.S. If you hadn't noticed, I've been linking the relevant articles a lot lately instead of quoting them. This might be a little more work on your part to completely understand my posts, but I've received a lot of positive feedback from members as well. Feel free to chime in and let me know which you prefer! P.P.S. Our Powerball Pool is here. Get in!

Happy Wednesday everyone! I hate pushing these weekly updates back even an hour longer than necessary, but I'm slammed with obligations today.... which is unfortunate because I have a half written update that I'm enjoying writing! Feel free to take advantage of the "Reply" button below and post any questions you have, and I will continue later tonight or tomorrow morning. GOOOOO RRRRVVVVV!!!!! ======= ***Update: Weekly chat ended up on the second page HERE.

Good morning good morning! Wednesday, 13th of May - Year of the 'Rona. The year we saw historic losses in the financial markets, the first time OIL ever (ever) hit negative numbers, and the world changed in ways some of us never believed would happen. Everywhere we go now, things are slightly-to-a-lot different. Plexiglass sneeze guards at every store register, shower curtains between tables at restaurants in our future, sporting events without fans, and this is only the start. With unemployment at the worst since the Depression, possibly worse to come, and the government printing money like... well, like they usually do, just a little faster. The truth is that all of the events we are witnessing were bound to happen eventually - the "pandemic" simply expedited some of it. The US debt column has been on a steady incline, and that was not going to reverse. A world where we have a "responsible government" and a "balanced budget" is nothing more than wishful thinking. The good news? It doesn't matter. I mean that. It simply does not matter. We can complain all we want, but since the US Dollar went off the gold standard and became full fiat, we have been playing with pretend money, valued by nothing more than our imaginations. Yes, we can buy actual food with our dollars. We can trade these same dollars for a roof over our head and a vehicle to get us places. If we had looked at our crystal ball last year and invested in Netflix, or shorted travel related stocks, we'd be sitting fairly pretty! The interesting thing about wealth, and power, and luxury and money and toys and tools is that they are never really "lost" - they just get transfered, in a never ending shell game. There will always be winners, and losers, and much of that is decided on where you are when the dice are rolled. Iraq is no different. The currency of Iraq is no different than the currency of any other fiat based country - it's made up, yet the uses are real. And unlike COVID19... we are fully prepared for this one! (At least most of us are prepared - are you?) In the news: Iraqi Prime Minister Kazemi (RV-KAZAMMY!!!!!) is on a roll, moving things forward and acting in every way we want! In years past, not much was accomplished during Ramadan. This year, the Year of the 'Rona and much more - that does not appear to be the case! We are currently in the midst of Ramadan, yet Kazemi seems dead set on seating his cabinet before the end of the holiday. And, it actually looks like it's going to happen. That link was from four days ago, and then yesterday we see PM al-Kazemi reconfirming his commitment to wrapping this portion up in "the next few days". There is more, of course! There always is - I could spend hours tagging and writing and expanding on all of the positive momentum the Iraqi Dinar has right now, and it would just be a start. Fast work by Kazemi is awesome. Iraq having a Prime Minister stay seated and continue to impress us is an outstanding report. This could never have happened overnight, but the way things are going - I dare say "suddenly" is looming closer and closer. Bitcoin is in an interesting spot - the halvening happened, and BTC is currently hovering near $10,000. In my opinion, there is still time to get in while it's still cheap. You CAN buy a fraction of a bitcoin, which means you can put $100 or $1000 into it. Coinbase is an easy option. VIP is still open. You can NOT buy a fraction of a VIP package but at $49 for 3 months, you can get in and be prepared for about 54 pennies a day. It's the smart move, get in now! The Weekly Powerball Pool is here - join us! As always - be safe, be happy, be free, and GOOOO RRRRVVVV!!!!! - Adam

Happy Wednesday, gang! This week seems to be off to a great start! The COVID ('Rona) scare is on the decline, but now we have Murder Hornets, and... will it ever end?! No. So let's move on, live life, love our families, and be happy. On to the topics! DJIA, S&P, GOLD, pretty much everything is up, including OIL... and that is music to our ears! Over in Iraq, we have a "still waters run deep" situation... do you remember all the ruckus that was in the news during the short durations of the previous Prime Ministers? I'm not hearing the same level of noise right now. Al-Kazemi, the current figurehead for the position, seems to just be on cruise control. He's zooming down the political highway and there doesn't seem to be much getting in his way. Check out this thread for the latest developments: Of course there is talk of disruption, but what's not being publicized is the actual progress - and there is plenty! It gets better: Link: https://dinarvets.com/forums/index.php?/topic/273912-the-last-scenes-before-the-vote-on-al-kazemi’s-government-20-ministries-will-be-presented-for-voting-in-todays-session-and-the-foreign-and-oil-ministries-will-be-excluded/ It is nice read something like that, but what they are NOT saying is much more important than what they ARE saying. Things are actually really good! In spite of my current optimism, we are at a critical point - things may turn in our favor quickly, and if they are going to turn right now... it is going to happen quickly, probably in the middle of our night, and without warning. They aren't going to give us too much of a head start, so we wait patiently and vigilantly. I'm ready to send emails and text messages! Last week we had a thread in the VIP section for member feedback, and it's given me a bit to work on. I'll be sending out some VIP emails as that progresses. A few more notes before I wrap this up for now: 1. Ever hear of Kim Clement? Check this out! 2. Hi, thanks for being a member here at DinarVets. Be sure to enter the Weekly Powerball Pool! 3. One of the responses in that VIP thread made me think about a tip on using the forums here - the "tags" are pretty handy! For example, you can find a listing of all of my Weekly updates by going into the "Chat Logs" forum and clicking any of the "tags" that say "Adam Montana Weekly". 4. Bitcoin is scheduled for a big event... "the halvening", coming in approximately 8 days. This is historically a big deal: That's it... for now. Be well, stay safe, and GOOO RRRRVVVV!!!! - Adam

Good afternoon and Happy Wednesday! Day 6jillion7bazillion876,9876,350,876 of the 'Rona lockdown. You would think, based on the initial presentation of the pandemic, that 50% of the world would be dead or at least partially zombified by now. We would think that poor countries with little access to health care and large scale poverty would be almost completely devastated by now, due to lack of masks and life saving governor's orders to stay home. Countries like Iraq should certainly be wiped out and pleading for mercy, perhaps unloading oil tankers into parking lots and using the VLCCs for storing dead bodies. And certainly during Ramadan, nothing would be happening that could be counted as progress. Especially with OIL taking the huge hit that it took recently! That is not the case. See, for example, here. And here. And here. And here. And here. And here. And... need I go on? Iraq is not only "fine", they are more than fine! They have weathered a monster hit to the price of oil without lowering their rate. They are surviving an unbelievable shakeup of their government, and tomorrow (Thursday) to May 8 look to be key dates for finalizing some more of that critical work. Don't get me wrong - I'm not saying Coronavirus was a "hoax". On the contrary, it has been devastating for some... and the economic damage may never be fully calculated. But the world did not end. We will move past all of this. And the Iraqi Dinar is still a very real item that holds a massive amount of potential. That's my message for today! I hope you are all well, safe, happy, and as healthy as possible. We have a great thread going right now in the VIP section (here) and one post in particular seemed like it needed to be included in the Weekly Update. If you're in VIP and you didn't comment in that thread, go check it out! Iran is a major factor in the current price of the Iraqi Dinar, I don't think anyone will disagree with that. I'm certain they do have a large amount of Iraqi Dinar, just like many other nations (including the US). And when this is actually "done", it may be that Iran and Iraq are at major odds, even flat out war, as a result of it all when we reach the next stage. The Middle East will always be at war. That's not something that keeps me up at night. To answer your final question - and probably the most important one in the post - I don't believe that Iran's possession of Iraqi Dinar will prevent Iraq from raising the value. It may impact the "how", but not the "if". Fine questions, sir. (As a result of that thread, I also posted a special VIP Q&A thread here. I'll be attending to that one on an ongoing basis for an unknown period of time. Join in!) That's it for this afternoon's Weekly Update!

I know, I know... TWO "weekly" posts this week! Yesterday I touched on some issues, and opened it up for discussion. The feedback was extraordinary, as always! This topic is also open for feedback, so post away... but let's go over some things first. ===== /// brief interlude /// ===== Before we get going on this Update, I'm inserting a special LIMITED VIP discount. You'll see why this is a great time to use it later in the update! Use discount code "shakeup" for a sweet 29% off any of the VIP memberships here. VIP members - keep an eye out for a VIP email soon. ===== /// we now return you to the Update: /// ===== OIL rocked our world over the last 7 days... as mentioned (and continuing here), there was an unprecedented (never happened before) situation where WTI (OIL) went to $0, then negative. This has NEVER HAPPENED BEFORE. EVER. I even posted in a recent update that "oil will never be free", and the markets proved me wrong... because for a short window, negative prices means OIL was even better than free! Not that we could ever get paid to fill up our tanks, but I can admit when I am wrong. The markets have since began "correcting", with reverse splits and giants like USO completely changing their M.O. - on that note, I'd caution against buying OIL "stocks", on the assumption that the price "must" go up. Derivatives and futures are tricky and don't necessarily follow the normal rules, kind of like fiat currency that has a "value". I'll stop there before I get too deep in that rabbit hole, because there is more to discuss in this topic. On to Iraq. Today is the general start of Ramadan. In years past, I have always maintained the opinion that "nothing happens during Ramadan". I also stated that "oil will never be free", and I was wrong about that! I'm not going to say "two wrongs make a right", but this is a unique situation. The most unique, ever, in the history of the world, in fact. We are witnessing a financial shakeup never before seen, and barely even imagined. What is happening right now is so off-the-charts unexpected that I'm going to retract my former opinion... maybe something will get done during Ramadan! This from just yesterday (thanks @yota691!): To me, that actually seems realistic. Achievable. And it's a number they can work with! An interesting point regarding the oil and the value of IQD is this: the price per barrel is not nearly as important, for the value of their currency, as the amount they have in the ground. Also, it's not just "oil" that counts here - natural gas is important as well. Iraq has plenty, and until the world stops using OIL, Iraq will have a rightful place at the table. @Mary B and @Pitcher bring us these confirmations that Kazemi-KAZAMMI is working, moving things along: Add to that a landslide of news from earlier this week: More thanks to @DinarThug for this one... the Iraqi Stock Exchange had a short pause, but they are obviously back at it. Neither Ramadan nor 'Rona is stopping this train! Overall? This is nothing short of incredible, that the price of OIL can drop to negative and the world basically shuts down, yet the IQD Train keeps on chugging. And right now, right here at this very minute, we are smack dab in the middle of a shakeup in the markets, in the economy, in the world... that is going to change our lives forever. This is like 9/11 in the fact that our world will NEVER be the same after this. And that's why the discount code on VIP is "shakeup". I'm going to lock yesterday's thread, and encourage you all to continue the conversation here. Read below for my responses to some of the questions and comments that were posted yesterday. Go Iraq, and GOOO RRRVVVV!!!! - Adam ----- From yesterday's Weekly: I'm inclined to break tradition here. This Ramadan is different, and I'm leaving the door wide open. In a word: YES. The price per barrel of oil is a temporary situation. Iraq holding one of the largest physical stores of oil is not temporary. They are already talking about setting their budget on an amount much higher than current market. This situation with the price of oil will be remembered, but it will not last. YES! And they were told they would get no more than 2 billion dollars... that is nothing. We aren't the only ones who know that Iraq has the potential to solve their own problems. Time to GET IT DONE! Be careful with that... when you buy "oil stocks", you aren't necessarily buying the actual oil. You can still lose money on oil stocks, even though you are correct that the price will go back up. THAT is a multi-kajillion dollar question! @coorslite21 made a good comment on it here. It is not necessary to have it 100% completed. Looking at the progress by KAZAMMI I posted above, I think we are in the strike zone very shortly! Great post @Mr. G I agree with a lot of it. I'll clarify my position here: The price of OIL is a factor, not the factor. If Iraq were to suddenly run out of reserves, we would be having a different conversation. That's not the case, so bring on the RV! That's a great question, and one nobody will be able to answer. It will depend entirely on what the CBI dictates, and they can do anything they want. THIS IS A CRAZY TIME! In years past, I've always said "no" to that idea. I am NOT saying "no" this time! Sorry Happy Man! I don't think I saw your comment - can you repost it here in this thread? I'll keep an eye out for it. ======= GOOO RRRRVVVVVV!!!!!!!

Good morning and happy Wednesday! I don't know what to say here except: WOW. WOW. By now you've surely heard about the OIL markets, and I'm sure there are more questions than I could possibly anticipate... so I'm going to make a few comments and then just open this up for discussion. SO MUCH is happening right now, it's impossible to keep up with it all. Short summary: Oil (WTI) went to 0, and then it went negative. This is an unprecedented situation, as in it has never happened before, ever. Brent has since hit the lowest price since 1999. I'm not huge on conspiracy theories, but there has never been a stronger argument for them than now. Global shutdown, blamed on Corona (COVID), leads to plummeted demand for oil, which rocks the markets, sends oil to negative trading territory, OIL stocks reverse split, and we have to ask... ... what's next? Where is this going, and what is the end result going to be? The word that comes to mind is: SUDDENLY. I'm proud to say I'm part of DinarVets today, and for anyone wanting a better understanding of the situation as it unfolds - take a look at this thread: Out of all the places I go for information, I've seen some of the best information around posted right here on DinarVets, particularly in that thread. Last week we were talking about an OPEC agreement between Russia and the Saudis to limit production. This is a repeat conversation over the last few years, with OPEC members talking about reducing in order to prop up prices. Rounds and rounds of talks. Has that worked? No. Time after time over the last few years, we've heard about OPEC agreements to cut production and stabilize or raise the price of oil. That didn't work, so what happens? Corona comes in, and the market is FORCED to crash. OPEC couldn't get the job done, but Corona did. OIL will never, in our lifetimes, be "obsolete". We live in a fiat currency world, where "values" are defined not by gold or any other actual commodity you can hold in your hand. Value, such as the value of the dollars in your pocket, is arbitrarily defined in secret backroom meetings with sometimes nameless and faceless people in charge. Many of the things that happen in the stock market, crypto markets, and more, are the result of manipulations and end in riches for some, and poverty for others. This is no different. One fact remains true, regardless of the current villain being made popular by the MSM as they scare the sheeple into compliance, influencing their lifestyles and bank accounts day after day, and that fact is this: OIL, and the wealth it creates and sustains, will not be removed from our world anytime soon. OIL will remain part of our lives. Therefore, Iraq will not slide into oblivion... nor will it's bank accounts. I'm not worried about the dinar - we know it's going to increase in value, even though we don't know what will happen between now and then, and we don't know if "then" is tomorrow or June or next year. We are in the middle of a massive shakeup. I won't pretend to know how long it will take to reach a conclusion, but I am positive it will... and at the end of it, those who control the oil will still have the leverage to be powerful, valuable, and rich. Despite COVID, despite ISIS, despite elections and tsunamis and fads that are here today and gone tomorrow... Iraq has, in it's physical possession, a majority of THE commodity that is never in our lifetime going to be "worthless". We are in a good spot, holding little pieces of that commodity in the form of their currency, when all of the imaginary "value" in the world is so uncertain. Comments are open! Let's talk conspiracy theories and anything else that's on your mind in this incredibly crazy time. FYI - I have some of my own. I'm going to post them, and a special discount code for VIP, sometime before the end of the week. Let's gooooooo!!!!!! - Adam

Good morning DinarVets! So, day 1,354,298 of the lockdown... we now know everyone's actual hair color, most of us have forgotten how to tie our shoes and "pants with buttons" are things of the past. Other things that have changed - Today would normally be "tax day" in the USA, but not in 2020! Thanks to the Kung Flu, that deadline has been extended to July 15. Everyone's personal situation is different, but I have to wonder how much more things are going to change between now and July 15... we can't just keep printing money and keeping people at home and expect it to all work out ok. Don't take that the wrong way - I'm in favor of social distancing during this time. But I'm also in favor of being real about the overall effects, both immediate and long term. The "dislike" button has been removed from DinarVets because I felt it was being abused and there are some members who only come here to hand out the rubies. Life is too short to be angry and bitter, my friends! I left the other reaction options - spread some love, you'll like it. ❤️ Bernie Sanders, Elizabeth Warren, and Barrack Obama have all officially endorsed Joe Biden as the man to take down Trump. I'm curious who you all believe he will choose for a running mate? Kamala Harris appears to be the odds favorite, but tell me what you think! On to the Dinar - education is key in many things, especially when it comes to just understanding how it works. I explained how the Auctions and the Iraqi Budget work in pretty simple terms recently (you can find that here), and this article posted yesterday by @DWS112 ties in to those topics. OIL is currently under $20 (WTI), which is unsustainable on many levels. The largest OPEC production cut in history was agreed to on Sunday, in an effort to get prices moving up again... the markets don't seem to be reflecting that yet, but I have no doubt that OIL will go back up. Here's the bottom line: 1. The world isn't going to stop using oil. Not even COVID-19 can make that happen. 2. OIL will never be free. Period, end of story, that's "all she wrote". Oil will never be free. With Iraq being in the top ranks of all OIL producing/selling/exporting countries in the world, it has a lifeline that will never go away. Not in our lifetimes, anyway! Perhaps the most interesting Iraqi thread of the week (so far!) is this one: I say "so far" because one of these days we're going to have a huge winner in the Powerball Pool, and it may as well be today!* Get in here. *The lottery is a random chance. The IQD is not random. But if you play the lottery, you may as well join us in there! That's all for this morning, my friends! Stay safe, stay clean, cover the coughs and wash the hands, and GOOO RRRRVVVVVV!!!!! - Adam

Happy Wednesday, DinarVets! Day 759,438 of lockdown. Coronavirus - we live in a new world since this started, and this new world will forever be different than the one we lived in a month ago. It's not just the threat of getting sick and dying that is shaking things up. Even with the immense stimulus packages flying off the shelves faster than jigsaw puzzles before Christmas, and another probable $250 billion in "free" money being dumped into the economy, we are still in completely unknown territory. Scammers are in full swing, like this popup "testing" station charging $240 per "HIPPA" approved test (it's "HIPAA", fyi!) and this deal on the world's tallest statue. Celebrities are once again proving their intellectual prowess with stuff like "5G is causing Corona!"... celebrities, stay home like everyone else please. For us non-celebrity types, we all need to stay safe and avoid stuff like this. Just looking out for you all! Some good and hopeful news, to hold onto during this time of panic and turmoil and the yet-to-be-determined long term effects... China has ended the Wuhan lockdown. This too shall pass. Markets - I'm no longer commenting on Markets. @Pitcher has been doing an incredible job of following up in the Weekly chats with his form of engaging and enlightening commentary, so I'll leave that to him so long as he is willing and able! Calendar - Passover (now), Easter (shortly), and Ramadan (upcoming). Happy (whatever-you-observe)! May your days be full of love and happiness. OIL - currently at WTI $24.xx, which I find to be a good thing. As much as we all like cheap pump prices, the big picture is more important than the quick fix, and plummeting prices were an indication of bad times ahead. The current stabilization is positive for the big picture. GOI - this is where things start getting interesting! I love to hear things like this: and this: Any and all failures for Iran as related to Iraq are welcome right now. Al-Zarfi, being the newly seated/"named" Prime Minister, is a name we are watching closely. More to come. Stay safe, wash your hands, get in our Powerball Pool, and Goooooo RRRRVVVVVVV!!!! Talk to you soon, - Adam

Happy Wednesday DinarVets! It's April first, which means you can expect some pranks today... all from 6 feet away, of course! There will be no RV pranks in this Weekly update, for the record. If I send out an RV text today, it's the real deal. (I have not yet!) Day 534,691 of the CoronaVirus lockdown... how is everyone doing? I ask out of real concern. As humans, we are a social species. Social distancing is something we are currently doing to control the spread of a virus that should burn out on it's own if we don't find a cure, but it's still a scary situation. Verizon reports that phone calls are double what they are on a normal Mother's Day, which is proof enough that we need human interaction... the Butterfly Effect is real, my friends, and it applies to more than butterflies and typhoons on the other side of the world. Stay strong and healthy through this, both mentally and physically! Wash your hands and don't be afraid to phone a friend that you haven't talked to in ages - you're stuck in the house, how many more times can you organize the pantry or clean the garage?! Whatever you do, be sure to show extra love and patience and kindness to the people you're stuck with right now. That's good advice on any day, and it goes double right now. On to the Weekly! The markets are a jungle, cryptos seem stable, OIL may have stopped the plunge but that's still uncertain, unemployment levels are and continuing that way indefinitely... is there any hope? There is always hope. There is also always truth to be found in adages, for example: Better late than never. Nothing ventured, nothing gained. As dinar holders, we are most certainly living by those two! One day, soon, these will be things that we look back on and smile about. The world is being shaken up like never before. There has never been a better time to watch things - unprecedented things - unfold right in front of us. These are wild and crazy times. Here's an example: Politicians rarely agree on anything, but a recent (historic) stimulus passed, unanimously. If you read my recent Budget and Auctions post, I described an equally possible scenario that would turn the Iraqi Dinar around overnight. Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value. It's not just a "possibility". This is something that is going to happen. The only question is, when will it be and how prepared are you? This is going to be the “I told you so” group. When the world is crying about unfairness and how the rich get richer and a hundred other things, you can join them... or you can think back to that time you could have spent $100 on Amazon stock at $1.73 (currently $1,949.72), $75 on btc at less than 10 cents per coin, or $50 on VIP at DinarVets when the IQD was undervalued and represented an incredible opportunity. Quick forum PSA: I'm all for diversity and contrary opinions and intelligent discussions. This thread is a great example of intelligent people politely discussing something they don't fully agree on. I could also link to some examples of how not to have an intelligent and respectful debate, but I won't - I'm just going to issue a warning to anyone that comes here just to antagonize members, hit the "dislike" icon, or click that annoying "report" link on anything that you personally don't like. Warning issued. On a lighter note... @tjokie shared a new crypto with us in the VIP section. Might be worth taking a sWipe at this one. https://blog.coinmarketcap.com/2020/04/01/toilet-paper-token-wipe-paper/ Before I head out - I mean stay in - this morning, I want to give a quick shout out to the hard working women and men out there still taking care of us... truckers on the roads, people working in the schools to prepare meals for the kids that need them, teachers improvising and doing the best they can with online classes and connections, health care workers, the people in the grocery stores, and more... I appreciate you all. And last but not least - get in the Powerball Pool! Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!! - Adam

Happy Wednesday, all! The news, the news, the news! I don't have a specific topic to get into today, but I'm working on a couple of deeper posts. While I'm working through those, please feel free to give your feedback and ask your questions below. On to the weekly - first some general "big picture" world stuff, and then Iraq. DJIA, the 500, the 2000... One of my favorite parts of today's update is going to be the part that I'm not even doing (yes, I'm talking about @Pitchers recent contributions!) but the following should give some of us a little respite from the last week of holding our breath while watching the markets tank: Nice little upward tick there across the board. ↗️ No real uptick on OIL, but at the moment... the plunge seems to have hit bottom. BTC has stabilized a bit, giving a few more of us a breather. Did it hit bottom, or will today's difficulty adjustment spur another drop? And don't forget about the upcoming Halvening, ETA 14 May 2020. A snippet from thehalvening.com website: GOLD - after a long, boring ride with no changes - at least something is reacting positively to all this market madness! There's a good article in the VIP section that may make you less eager to own something that you don't actually have control (physical) of. Coronavirus, while lowering crime rates in some cities, is still an issue. Stay away from people, wash your hands, let the thing run it's course. Don't be part of the problem, my friends! Thanks. US citizens may be a step closer to getting a check as part of a stimulus package. Bernie Sanders may have dropped out, or maybe not. Does it matter? Who knows, but the recent health pandemic has been a great test run! On to Iraq - up above I said "news news NEWS", right? I sure did... but, do you know what's not in those three words? IRAN. We've been through a bit of a rollercoaster over the last few weeks and months, between the Kung Flu and the (old/new/quit/appointed/current) Iraqi Prime Minister (currently Adnan al-Zurufi), but we aren't forgetting about one of the biggest reasons for the recent Iraqi shake-up: Iran. A giant positive to reflect on right now is the lack of Iran in the news. One of the most recent items of note regarding Iran was their last ditch effort to hold on to power... and as I suspected, it seems to be falling flat. Keep your eyes on the prize, my friends... keep your eyes on the prize. Sometimes the most important news is what is NOT being talked about. This is a good thing. Also a good thing, and something that is not written yet, is the part on the wikipedia page about the upcoming rate change and Zurufi's role in the implementation. GOOOO RRRRVVVVV!!!! The IMF has stated that CoronaVirus is impacting the entire world, and Iraq is included... a reasonable reaction to that would be "Oh, great, another reason for Iraq to ask for more handouts!" But, @Mary B posted a good article yesterday regarding the World Bank on Iraq... here at DinarVets, we've been expressing for some time now that it's time to stop enabling Iraq's policy of "pleading poverty". This may be the beginning of the end of that practice - in a good way, for us! They aren't broke, they have the means, and it's time for them to get it together. ‼️ Another financial article was posted by @screwball regarding Iraq's debt obligations - a few comments were made about how this could be a doorway to a GCR. While I don't subscribe to a universal "reset" happening, there are some valid portions of the theory... and the current global financial situation is edging closer and closer to something big happening, which could easily incorporate a major increase in the Dinar. All they would be doing is piggybacking on larger events, and this is a real possibility. When the world is at it's craziest, and all focus is elsewhere.... suddenly! Regardless of how or if a form of GCR occurs (it will), the topic ties into the post I published on Iraq's Auctions and Budget and how Iraq uses a banking/legal strategy to retain control of their funds, despite being on the hook for a lot of money. They use a completely legal strategy to handle their business, and it's very similar to something the wealthy have done for ages, and it's something YOU should be doing as well. Check this post in the VIP section. Just about done here, I know this Weekly is late today! I'm keeping an eye on this one: More to come! Be sure to get in the Weekly Lotto Pool - if you win and your numbers aren't in there, we can't share! So... get in.

Goooooood morning DinarVets! What a week... I don't have to tell you the markets crashed, Oil is down, and half the world is now zombies. But I will tell you anyway! Before I get into the "doom and gloom" portion, here's a name for you: Adnan Al Zurfi. That's the name of the person just appointed to the Iraqi Prime Minister position. Truthfully, my friends, it's too soon right now to know if he will be the one to ring the bell for us. Let's be patient and give it a few days for some news to come out, and I'll be back with a formal Prime Minister post in a couple days. Back to the "gloom and doom" - the world is screwed. It was nice to know you all! Ok, I'm kidding... mostly. I believe education is key in most things, including the Dinar, and Coronavirus is no exception. COVID 19 / CoronaVirus / CoronApocalypse / "the end of the world as we know it" is a big deal, and it's going to have an impact on the Iraqi Dinar. My official stance on the pandemic is this: I believe it will run it's course, we will survive as a species, and you should (please) try not to be Patient 31 . We're going to get through this. It's going to hurt a little, but with some education and common sense - we will get through it. For anyone looking for education on CoronaVirus and how a Quarantine helps, this is probably the best visual I've found. A major goal in quarantine is to "flatten the curve". Wash your hands, everyone, and just stay home if you can. If you can't, well... screw it. Be sure to lick everything you see in public, including the elderly, especially if you're not sick. You're helping by spreading strong saliva. I7zrqzYpoVcXg-nlANxu8Kuk46o4lQf0d9OuSD2TQrM.mp4

Good morning, DinarVets! This one took me a bit to write up, and I'll be candid here - it was the most fun I've had writing an update in quite some time! Like many of you, I do fairly frequent "check ins" on my feelings about this investment... and I have questions, just like everyone else. "Is this still worth waiting on? Did the bus turn around and it's time to get off?" An Iraqi RV is not a guarantee, so these are fair questions any sane and intelligent person should ask themselves once in a while. I'm happy to state that today is not the day I'm getting off the bus. In fact, I'm pulling the seatbelt tighter! There was a question posed a couple weeks back about "sterilization". The CBI employs a procedure called "sterilization" as a monetary policy, but that is different than what may have been being asked... which is why I asked for clarification on it. I wanted to go deeper into the topic, but my post on CBI Auctions and the Iraqi Budget was already getting a bit lengthy. As of this morning (Friday 13 March 2020), there is a lot of "sterilization" talk - and most of it is not related to monetary policy, but actual disinfecting. The CoronaVirus is currently causing chaos in the markets, creating instability and fear that is likely to last a bit longer (but not forever), and it's always good to "get back to the basics". You know - a "check in". In these crazy times, are we the crazy ones? Are we crazy for sitting this ride out a little longer? Should we be throwing in the towel, selling all our dinar, and spending all of our money on toilet paper and hand sanitizer? I think the answer lies at least partly in the following subjects, so let's get into it! The topics today are as follows: CBI Auctions, and the Iraqi Budget. Before we do a little bit of a deep dive, I have a couple of opinions that may seem contrary - namely, the Budget and the Auctions, while important to Iraq, will probably never have a significant impact on (when or if) the RV. In spite of that, the seatbelt just got tighter, and my smile got bigger. These are complex topics, I'm going to simplify a little and I'm only covering a few of the aspects, but these are major parts of the topics and therefore a major factor in the size of my current smile. The summary, which you'll understand if you can make it through this entire post, is simple. Despite these scary and crazy times we are living in, Iraq and the Iraqi Dinar still have incredible potential. The rate of a currency is generally set by the countries Central Bank, not the IMF or anyone else. Iraq's rate is set by the CBI (Central Bank of Iraq). Ready? Here we go! CBI Auctions. These are used by the CBI to regulate the money, control the money, maintain the money - specifically, the rate and the amount in circulation. Actually, the CBI is selling USD at the auctions... but this will turn into a 7 hour read if I go too deep into that! It's helpful to understand where Iraq comes up with the USD to sell at the CBI auctions. The short version is this: Iraq's primary source of revenue is OIL. Payments are made in US Dollars, paid to the DFI (Development Fund For Iraq). The USD is then transferred to the Ministry of Finance (MoF), and the MoF sells it to the CBI in exchange for Dinars - the same Dinars that the CBI collected through the Auctions of USD. image source See how that all came full circle? Money in, money out, easy peasy. (This will take us to the Budget later.) (Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.) We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled. There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions. Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures. With those examples in mind, of course we'd like to see the currency options stop. And they probably will, at some point. But most likely not until after the RV. Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change? Fantastic question! I'll take a stab at it, using examples to make the point. At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us. If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!) If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all. A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread! I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes). That "spread", or "cost", is unavoidable. We are not going to get the full "rate". Of course, you will get a better rate (money in your pocket) if you're VIP here at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!) The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message. The Iraqi Budget. The Iraqi Budget is important to Iraq because it defines how they spend money - and yes, it's the same money that was mentioned above, which comes mostly from oil sales. The MoF distributes IQD to each department according to the Budget. The Budget allocates resources to specific departments, based on a percentage of revenue or a fixed amount, and the individual departments spend their portion accordingly - just like giving your kid an allowance. A Budget works the same way in most places, and Iraq is no different. Politicians lobby for their departments, asking for more money always, and this is why a "tripartisan" government is so important and mentioned so much in the current Prime Minister debacle. If a Prime Minister came in and seated all members of one political group, it would be like the US having only Democrats or only Republicans in power. The reason we hear about the Iraqi Budget so much is simple - they are all fighting for money. (Or power, but it's really the same thing.) The reasons I say the Iraqi Budget doesn't matter are pretty simple. You've made it this far, stick with me just a little further! 1. Whether a specific Department (Defense, Education, etc) is on the Iraqi Budget for a percentage or a fixed money amount, there is a dollar/dinar amount that can be assigned to it based on the current price of oil x demand for oil = projected income / department allocation = $ for Department. This is a simple calculation that can be done in 2 minutes on a 1 page presentation. It's literally 2nd grade math. 2. Regardless of any rate change, that dollar amount can be estimated and stay the same with a simple Amendment. Imagine a late night Parliament meeting - called at the last minute after 8PM one night, emergency, mandatory! One item on the agenda - doors are locked, cell phones left outside - the ONE ITEM is this: We are going to raise the rate at midnight provided everyone signs this Budget Amendment. The Budget Amendment, in this case, states that the previous passed Budget is fixed at the old rate and all Departments receive an immediate 10% bonus due to the CBI exchange rate adjustment. The rest of the money that becomes available is held in reserve until further modification of the Budget... EVERY SINGLE POLITICIAN is a hero and has almost unlimited job security at that point. Not one of them loses. It's the biggest slam dunk in Parliament history. Of course they wouldn't magically start to get along, but that's an offer even that bunch of hooligans couldn't screw up. OR: 3. Bypass the late night meeting and just pass a Presidential declaration stating the same. It accomplishes the same thing, and by the time anyone could complain, the rate would have been in effect long enough that it wouldn't matter. The President knows this. The CBI knows it. You know it. I know it. The bottom line here? It doesn't matter what the Budget says, because all the Budget really does is allocate money to departments. The rate, based on the global fiat currency exchange program, controls how many wing dings and knick knacks they can buy with their money because of it's international status... but the Department of Wing Dings is still going to have $X of the Budget, the Department of Knick Knacks still has $X, regardless of the rate, and that's the way it works. Fiat currency isn't an "Iraq" thing - it's a WORLD thing. OIL isn't an Iraq thing. Budgets aren't an Iraq thing. Currency manipulation isn't an Iraq thing. NONE of this is unique to Iraq - all of this is "business as usual", and when Iraq changes their rate, that's what it is - business as usual. Conclusion: There are plenty of good reasons for intelligent people to discuss the Budget and the Auctions. It's important that Iraq continue to be successful in the Auctions, pass their Budget, and continue doing business. While the world demands OIL, those who have it will always have credit. Iraq has proven itself capable of utilizing Auctions as a form of monetary control, and I don't believe their Auctions or Budget are a hindrance to increasing the value of the Dinar. In fact, it looks quite the opposite. And on that note, I say... GOOOOO RRRRVVVVV!!!!!