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  1. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Vital Brad ** Article: "Iraqi electoral voters are being manipulated by the unrealistic promises made by the political candidates in the 2021 elections" These political candidates are promising enhancing the exchange rate of the dinar...the misinformation out there - you've got to really be able to discern what's happening. IMO...there's certain politicians probably in the know...why are they putting this information [Article like this] out? To try to scare politicians or people about talking about this reset/rate change...I think we're closer than ever. I really think it's only a matter of time... ** Pimpy ** Here's what everybody's talking about. Article: "Al-Sadr: We will work to raise the level of the Iraqi dinar" On Monday Sadr himself said they're going to work to improve and raise the level of the Iraqi dinar to be in the ranks of global currencies gradually. Pimpy, didn't you say it might go up in increments? I did. As much as I want an RI or RV it was my thought they should do it in increments just to make sure it doesn't damage the economy. There's plenty of reason to believe that Iraq's currency can stand at a much stronger rate than currently is. Only because of all the positive things...this is big news. This is going to be spreading like wildfire. Sadr saying they're going to raise the level of the Iraqi dinar...
  2. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Fleming ...Iraq is the lynchpin. As Quoted in the Alarabariya: “Iraqis were voting today, Sunday, in a general election..." At least 167 parties and more than 3,200 candidates are competing for 329 seats in parliament, according to the election commission...We can be sure it will be more than a week before they have a complete decision... ** Kaperoni retweet "UNAMI - Today (This past weekend) hundreds of UN staff deployed in every governorate across all of Iraq. This is currently the UN's biggest electoral mission worldwide. And the UN is proud to support all Iraqis as they cast their votes." ** Mark ...Al Sadr gets to claim victory today…This was the biggest news of the day…The election in Iraq went the way we wanted and the first thing out of Sadrs mouth is “We will work for the people and raise the value of the dinar.”!!! ...I think this is a huge moment…a watershed moment in Iraq. The IMF and the UN are pushing for them to change the value of the dinar and here it is from the man’s own mouth. I do not think the RV will be very far in the future guys. ** Vital Brad Article: "Polls close in Iraq's parliamentary election" For them to have their currency reinstated on the international system they had to meet certain requirements. They need to have a fully seated parliament...we'll soon see exactly how it turns out. ** Pimpy It looks like an all fair election, transparent and clear. No hassles. No nothing. From all the stories that I've heard including people I spoken to over there, it went without a hitch. Which is surprising. What I mean by that a lot of elections in the past have been questionable. Everybody seems to be happy. I mean everybody. All the way around. We'll learn more in the coming days that's for sure. The results should be finalized soon... we hope...! That's All There Is Folks ... Be Blessed ... RON
  3. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy Article: "AlKazemi's advisor proposes solutions to reduce the value of the dollar" Don't get mad if there's no RI or no RV. I'm not saying those won't happen but what I'm saying to you is don't be surprised if you see it go up in increments. I'm just saying...this does not mean they're going to increase the value of the dinar. He's saying we have the ability to do it if the following takes place. Let's feel good about that. I do think they're going to increase it...I thought they would have done it sometime this year maybe toward the end of the year but let's see if the value changes. Don't go looking for no $2 or $3 or anything like that. If anything they'll probably go back to the other rate. (Post 1 of 2).. *** Pimpy I know it's not what you wanted but just hang tight people. I'm telling you as Iraq continues to rebuild, their country is going to need more and more purchasing power. But they need things in there to make sure that their economy stays stable. Foreign reserves have to increase. Oil has to be consistent. They have to build the private sector. They're starting to be more and more on the international scene. They seem to be taking a leadership role in the Middle East...they need to be strong. Secure. Safe. Back on the international scene doing trades and they've already been in the process. But most of all IMO we need to see Al-Kazemi get back in there for reals. (Post 2 of 2)..
  4. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy ** It looks like an all fair election, transparent and clear. No hassles. No nothing. From all the stories that I've heard including people I spoken to over there, it went without a hitch. Which is surprising. What I mean by that a lot of elections in the past have been questionable. Everybody seems to be happy. I mean everybody. All the way around. We'll learn more in the coming days that's for sure. The results should be finalized by only a few hours from now... ** MilitiaMan ** Article: "New instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" ...we can see that there is a convergence and a preparation for an event to take place. An event that is suggested to be of such importance that is can make or break the country's efforts to initiate, revive and strengthen the country's economy and currency. ...An internationally accepted currency brought out by the CBI may just do that...
  5. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "Create a website and email for all licensed (A,B) exchange companies"' Man I'm telling you Iraq has been zeroing in on exchange companies a whole lot trying to reel them in get them legit. There is a lot of chitta chatta out there about exchange companies. ** Kaperoni ...removing the paper notes. 1st that would screw with the exchange rate which is stable. And second they would have to have keys to peoples homes to remove them from the mattresses. ** Pimpy Election time...What does that mean? We're gonna find out real soon...the U.N. is obviously ready for all of this...sends over 800 U.N. observers to participate in Iraq election...France, Britain and the United States are all sending over people...all in all there's 14,000 so-called observers that are going to be there. That's crazy. It's going to be interesting to see...we're crossing our fingers hoping for continuing to get Kazemi back in there...
  6. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy Article: "Comment from Washington on next Sunday's elections in Iraq". We're...days away from the election and there's nothing but buzz going on. I'm excited about it. I'm crossing my fingers and hoping that Al-Kazemi wins again and he continues this great move in the right direction. We'll see here shortly...everybody and their mamma is watching this one... ** Kaperoni For those that may not be aware there are elections coming up in Iraq to form a new government and prime minister. This usually takes about 3 to 6 months to complete. So nothing is getting accomplished until after that time frame. ** Mnt Goat So, this week part of the latest...speculation was that the CBI had the banks load the lower denominations in the ATMs...such as the 1, 5, 10, 20, etc. No they are NOT! So what do I do? I call the CBI and ask them what they are doing...I got it right from their mouth. These are just more of the 250, 500 and 1000 notes. ...So, there is good and bad news... Bad news in that it is NOT what we are looking for in the process of deleting the zeros project, thus the revaluation. ...The good news is the citizens are getting used to using these lower denominations and we all know the next step is to launch the 25, 50 and 100 notes but not until they can revalue significantly.
  7. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Kaperoni Iraq is working very hard to create the conditions to diversify its economy. The goal is to not rely on oil which is currently about 93%. It's going to take a lot of work and time. Only with the success of that diverse economy can the dinar go up in value. We believe they will float it at a time when the economy is thriving. It will be a gradual increase over time. *** Vital Brad The rate, if I had to guess - The Kuwaiti dinar is worth $3.32 . I think the Iraqi dinar is going going to come out at the rate that it was decommissioned at - $3.22. It's a guess. Everyone's got a guess. Not financial advice. This rate would be wonderful, but it's very unrealistic at this point. The only way I can see this rate happening at this time is if they were to LOP, then increase the value. If this were the case, we would realize roughly a 200% pre-tax profit on investment ... Ron That's all folks ... Be blessed..! RON
  8. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy There's definitely an interesting move that started today and to most people it might not look like such a big deal but for the dinar investors it is kind of a big deal...looks like we [US military] are now starting the process of withdrawing out of Iraq. Why is that a big deal? Iraq is about to get their sovereignty back...that is a huge step towards Iraq becoming a sovereign nation...it looks to me like they're doing all the right things in order to do a proper RI or RV...I'm feeling very good about this. Feeling very happy... ** Vital Brad [Q? : What's happening on the 17th? What is going on?] Something is happening October 17th. Whether it's the revaluation or not ...don't be alarmed by nothing breaking, because they aren't able to announce this publicly if it was. ** Mnt Goat The CBI has given no indication of an imminent RV as they have to first do the project to delete the zeros. ...they need to increase the note supply but not the money supply. ...They are SLOWLY converting the currency over [to lower denominations] ...They will NOT just pop out a rate back on FOREX until the do the project to delete the zeros first. It just won’t work that way. (post 1 of 2).. ** Mnt Goat ...They are carefully getting the larger three zero notes out of circulation but still must maintain the currency levels necessary to support the economy...Just so you know the CBI said they refer to the newer lower denominations, that we want, as the “smaller of the lower denominations”. So, lets watch and see what they do next. It is October already and I suspect they will launch the project to delete the zeros between now and December. (post 2 of 2)..
  9. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat The really huge news this week is that the central bank of Iraq last week issued new instructions to banks and exchange companies and brokered the sale and purchase of foreign currency licensed. These instructions aim to strengthen the role of the banking system and non-banking financial institutions in securing foreign currency...To me it sounds like they intend to stop the currency auctions and proceed to other means to exchange foreign currency. Other means to pay for imports. (post 1 of 2).. *** Mnt Goat They can only do this if they are able to use the dinar, not the U.S. Dollar, in the purchase of imports. This can only be done with the agreements they have made in the recent past with other countries to accept each other’s currencies...These new instructions are pushing the banks to take alternative measures for revenue generation away from the auctions...Will they decide to use the Iraqi dinar in place of the U.S. Dollar in trade? Can they do this? If they do this the rate of the Iraqi dinar will skyrocket. Seems to me they may be heading in this direction. (post 2 of 2).. *** Vital Brad CBI Document: "Instructions for buying and selling foreign currency for the year 2021" We've got intel with documented proof gets me excited! ...but we've got to be cautious of intel...we don't want to get our hopes up but at the same time we have a documented stamped CBI document saying it's going to be reinstated on the international market on...I looked at a calendar - October 17th is a Sunday...it's a very real possibility. Is it possible? Is it here? We've been waiting a long time...it's right on the Central Bank's website. A date. If what it's saying is what we're interpreting as...it's huge.
  10. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 ...because they [Iraq] are Article 8 now they have the mechanism...it's a tool given to them by who? The IMF. To do what? To leave their border and to allow the currency to go up in value. Investors of the Iraqi dinar would you like that? ...The evidence that they are Article VIII is that they are using the mechanism to raise the value of their currency... ** BobTheTaxMan Now if the Biden Administration does get what they want and if they do limit our retirement accounts to 10 million dollars this could be a problem Houston...The way around that is your IQD is sitting in your Roth [IRA], you can always pull those notes out because there's no taxable event to pull those notes themselves out and put it into a CRUT (Charitable Remainder Unitrust). That'll take that limitation away. You'll still get money out of that which will be marvelous...[Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances] ** Mnt Goat The Ministry of Finance announced...Tuesday, that the highest foreign currency reserves in Iraq since in 2014 when they amounted to $82 billion. So, they are now over that amount...They are probably reaching about $90 billion? Then in another article...they tell us that the monetary policy of Iraq depends on the amount of foreign reserves supporting the Iraqi dinar, that is, the efficiency of the reserves and their escalation towards safe lines...we have been watching the amount of reserves all along as a positive sign of moving towards getting the project to delete the zeros accomplished. So this news today reinforces our hopes. ** Pimpy Article: "Adviser to the Prime Minister: Offering and selling government bonds to move idle money" Doesn't that look like a nice stack of - I don't even know what denominations those are. I have a feeling they're the bonds themselves because the article is about bonds...I've been staring at them trying to figure out if those are a denomination of some sort. But if they are they're definitely the lower ones. It looks like maybe the tens. That'd be weird for them to be handling lower denominations since they have, oh I don't know, zero value at the moment! Are they showing us something? Is this a hint? ...This is probably an old picture, if not it looks like they're pulling out the lower denominations. You never know because they keep talking about the exchange rate once again...
  11. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 [Boot-on-the-ground Firefly TV report] FIREFLY: TV says today the Arab payment system has linked with the Islamic banking and now can interact with with payments...now Saleh on TV talking about need to lower dollar exchange rate. Saying they have reached maximum efficient at current rate and to make projects work they need the exchange rate to favor a stronger dinar value. Saying Iraq must have plans in place and get this done. (Post 1 of 2).. ** Frank26 [Boot-on-the-ground Firefly TV report continued] FRANK: All they are doing is preparing you...for the announcement of your new currency and your new exchange rate by injecting ideas into your mind into your daily lives that you are about to see a new monetary reform for your currency...What Saleh is trying to tell you is that you now have what is called in the financial world the REER!!! He is expressing to you that you need this true value for your currency in order for everything to work..(Post 2 of 2).. 10-5-2021 Newshound Guru Pimpy This is some good news. We talked about this. I spoke about this. It was a feeling that I had and it looks like it might actually happen. Article: "Al-Kazemi's advisor proposes solutions to reduce the value of the dollar" This is a biggie! ...Let me repeat that. To reduce the value of the dollar. Not the dinar. The dollar. This is the direction we want them to go into...I told you we were going to start getting into an area in which they need more purchasing power. (Post 1 of 2)..reposted 10-5-2021 Newshound Guru Pimpy Quote: "there are expectations that the Iraqi dinar will improve with the development of reserves and this is up to the monetary policy especially since the timing is appropriate and the opportunity is appropriate provided that there is financial discipline and correct development and without them there is no value." I told you guys it wouldn't take no 5 years for them to increase the value. My thought was you would see an increase over time because as they continue to rebuild the country they're going to need that purchasing power. (Post 2 of 2)..
  12. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "Iraqi banks acquire 99% of government bonds" From the looks of these Bonds at 250 billion dinars has a striking similarity to the UST requirement for banks to have quality assets. Imagine if this is similar and timed accordingly. If an international calculation is applied to a new exchange rate like that of the AMFs recent valuations of approximately 3xSDR... One would see just how striking that maybe...IMO. There are no coincidences imo. *** Pimpy This is some good news. We talked about this. I spoke about this. It was a feeling that I had and it looks like it might actually happen. Article: "Al-Kazemi's advisor proposes solutions to reduce the value of the dollar" This is a biggie! ...Let me repeat that. To reduce the value of the dollar. Not the dinar. The dollar. This is the direction we want them to go into...I told you we were going to start getting into an area in which they need more purchasing power. (Post 1 of 2)..More to come...
  13. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** MilitiaMan Article: "Adviser to the Prime Minister clarifies the bonds of {construction} and their objectives" There is loads of talk about monetary policy lately. There is a focus on Bonds to jump start the private sector. The theme is to create opportunity to reduce the money supply on the street by using bonds...as an instrument or incentive to entice citizens and investor money into the bonds which reduce the money supply. Reducing the money supply creates value by a supply and demand basis. The opposite is true too, when increasing the money supply reduces value, as noted in the last devaluation. *** Frank26 Article: "New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate" Possibly new instructions for a new currency and new exchange rate!!! *** Petra No proof of next year at all. K [PM Kazemi] has invested too much and CBI has the landing strip paved. Lol... *** Pimpy Question: "If the dinar rate is a false program rate why are they devaluing it at all? If the true value is $3+ why would a small devaluation matter?" I'm not sure where the story of this being a false rate came from...My guess is it stems from the currency being devalued once the U.S. attacked Iraq. It was greatly devalued from one of the richest countries in the world and so it makes sense that the IQD will increase in value. This is my opinion and my opinion only. Now whether all that is done at one time through an RI or an RV or done in increments is another story...
  14. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** MilitiaMan ...The evidence is farily clear as I see it. This data with links supports that the digital transformation of the globe is underway and Iraq is clearly a part of the process...To be digitized is to be internationally accepted which will also require new smaller notes...There is also news out today that supports Iraq is acting like they are Article 8 compliant. So the expectations of a rate change soon is highly likely, imo... ** Kaperoni There is never going to be a significant overnight change in the value of the Iraqi dinar. If it does go up, it will go up gradually as a result of the success of Iraq's economy. This could take months or many more years...RV or RI. LOL. There is no such thing. There is no specific date. What amazes me is that an intelligent guy like Kaperoni can be so positive as to say NEVER about something he has absolutely no control over, or actual knowledge of internal CBI or GOI plans. It's like he totally disregarded so many of CBI Governor Shabibi's comments in the past, and Shabibi is the author of the plan. We know much has changed in Iraq, and we're aware of standard economic principles - BUT, we're dealing with Iraq, and very little has been normal or standard...I remember back in 2009-2010 that Kaperoni believed there would be an RV, and even took a poll on one of the forums he was a mod on...RON ** Frank26 [Iraq Boots-on-the-ground Firefly TV update]: FIREFLY: News saying president Saleh on interview with CNN talking about how Iraq will be a stable force with full sovereignty in the Arab world saying with construction, new infrastructure Iraq will rebound as leader in region then CBI offering two new financial bonds today for investment…. FRANK26: Everybody knows what Iraq is about to do and when the United Nations bragged about Iraq being a leader in the Middle East last week it’s very encouraging now to see an American news outlet like CNN interviewing Saleh and saying that Iraq is about to become a leader in the middle east… saying that Iraq is a full sovereign country now well isn’t that amazing that everybody knows what we have been sharing since the beginning of this year…[NOTE: See CNN interview below... ** BobTheTaxMan I've sang this song many times - 6 attorneys, 6 CPA's, 6 financial planners. Talk to them. Ask them questions. Get their help. Now obviously if you go to them today they're gonna just kind of say, 'Yeah right. Uh-huh. Sure.' But as soon as this goes from pink to green - a whole new ball game. Take the time to talk to 6. Why would I say six? Two reasons. 1. It's going to make you slow down because when this thing pops there's going to be a lot of panic. There's going to be a lot of emotions coming out...a lot of fears. All those things are going to come out. (Post 1 of 2).. ** BobTheTaxMan If you have to go talk to 6 of these people it's going to slow things down for you and 2. After you have your first conversation with the first one you're going to find that your thinking is going to change because they've introduced something new to you to re-look at this whole situation. By the time you get through talking to 6 of them you're going to be able to talk their language. You're going to be able to understand what it is they're presenting...(Post 2 of 2) {Note: At the appropriate time consult your financial and tax professionals to create a unified strategy that's right for your unique circumstances.} ** MilitiaMan Once the IQD is cleared Internationally it will be fully Article 8 compliant with the IMF and International Standards. That will require a Real Effective Exchange Rate (REER). The Bonds for reconstruction to enhance the Private Sector to support Iraq away from just oil revenues will require it too. Imo. There is data that supports yesterday that the Bonds will trade on the ISX. It is my understanding that the ISX was closed yesterday and won't open until Monday, next. Regardless, there is an effort to trade bonds in the very short term that will require international exposure and standards to apply.
  15. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 [Iraq Boots-on-the-ground Firefly TV update] FIREFLY: TV...saying...the capital one Islamic banks are now merged with the international Islamic capital one banks. saying this is part of process to produce maximum efficiency for Iraqi banking…TV showing placement of the new ATMs in Mosul and surrounding provinces. saying banking sector will have all new ATMs in place in near future and this a process of the reforms to enhance banking sector… *** Pimpy We don't do dates and rates and I don't mislead people. I give you the news - the good, bad and ugly. And I also tell you guys there are other factors that we can watch that affect the Iraqi dinar. I know everybody's waiting for an RI or an RV to be announced. I get that and I'm not saying it won't be done but what I'm saying is there are other factors to consider...no body knows the date. Nobody knows the rate. You can take a lot of information and take a pretty good educated guess at it but anybody telling you that they know for sure the date, they know for sure the rate or that the rate has changed or they have special connections, 800#s, back screens, military intelligence, special codes is all full of [You know what]. There's not redemption centers. There's no 800 numbers. It's a currency... *** Petra Iraq has successfully met the foreign reserve requirement and they have sufficient capability to protect them..!!... *** Kaperoni Significant news for those invested in Iraq. Standard & Poor's came out reviewing Iraq's credit rating. They made a statement that Iraq can improve to A or -A by activating the private sector. This is the encouragement we've been waiting for. WOW..! This positive statement from Kaperoni...! *** Frank26 I find it interesting that Sunday is Iraq’s Independence Day very interesting… And I have always found a Saturday into a Sunday very interesting because on Sunday Iraqi banks are open and most of the rest of the banks around the world are closed… *** MilitiaMan Once the IQD is cleared Internationally it will be fully Article 8 compliant with the IMF and International Standards. That will require a Real Effective Exchange Rate (REER). The Bonds for reconstruction to enhance the Private Sector to support Iraq away from just oil revenues will require it too. Imo. There is data that supports yesterday that the Bonds will trade on the ISX. It is my understanding that the ISX was closed yesterday and won't open until Monday, next. Regardless, there is an effort to trade bonds in the very short term that will require international exposure and standards to apply. That's all for today Folks ... lots of good stuff ... Blessings - RON
  16. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Kaperoni Iraq has had significant success and accomplishments over the past two years...Everything from the creation of the "white papers" to successful investment conferences and the signing of agreements to ongoing stability in the country. As well as the CBI's reduction in the exchange rate to encourage economic growth and progress towards the digital dinar....If you take away anything from studying Iraq you should learn that watching Iraq's economy develop is the most important thing to the success of the banking system. Without a diverse economy, nothing is going to happen. *** Pimpy Article: "Bret crude jumps above $80 a barrel for the first time since 2018" I was expecting this to happen sometime in July but it's definitely here now at the end of September. Bret crude jumps up to $80 a barrel I was expecting it to hit $100 by the end of the year but we'll take it right now. This is good. The higher it goes the better it helps out Iraq as far as getting money together and being able to spend this money on private sectors, building jobs and getting away from reliance so much on oil as main source of income... *** Frank26 [Iraq Boots-on-the-ground Firefly TV update]: FIREFLY: Board of directors of CBI held big meeting...making sure all banks under CBI have their training completed saying all training should be complete and meeting was to make sure…doing training with new notes they now showing us ATMs… FRANK26: ...some banks are finishing up the note training as well and...they’re talking about the training at the CBI that it is complete... the only training they are doing right now is showing the tellers the new small category notes and the new exchange rate and how it works with them so that they can show the citizens... Notice they said near future it is close to our near proximal future… FIREFLY: we like what we hear...we like what we see…. FRANK: things are moving in the right direction as the process continues...
  17. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** BobTheTaxMan [Exchange tax scenario] You've got the IQD in your hot little hand...you run to the bank or an exchange location of some kind. You hand them the IQD, they hand you dollars... Yay hallelujah! You're automatically exposed to ordinary income taxes...if it's under $400,000 it's going to be treated exactly the way it has been under the Trump Administration but when you get over that $400K mark it's a new ballgame...(Post 1 of 2)... ** BobTheTaxMan You lose more on schedule A. You have a higher tax bracket. If you hit that million mark and particularly the 5 million mark in your exchange they whack the heck out of you. And now plant your butt in California and see what it does. I did a calculation today - 60 some odd percent between the fed and the state. 60%. [Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances]..(Post 2 of 2).. Happy Thursday...Be Blessed...RON
  18. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat Let’s get on with our FACTS for this news period. It is all about the dinar exchange rate and managing it. This news about the exchange rate has been on going for months now and it is very good news. We have not seen this kind of news EVER since this investment began. I have been in it for 15 years now...we look forward to better days ahead for Iraq...My CBI contact still tells me that January 2022 period is planned for a major change in the exchange rate. I do not believe this major change is back to pre-devaluation Dec 2020 rate but rather a pre-1990’s rate of over $3-$4 and this would have to mean a reinstatement to FOREX. *** Kaperoni [Hypothetical Scenario] Iraq is going to go to a 1 to $1 exchange rate...if they do...it will be a LOP not an RV because there's too much currency in circulation for Iraq to ever significantly revalue.
  19. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Dinar Update *** Longtime Dinar Advocate Frank26 will undergo major surgery today. Our thoughts and prayers go out to him and his family. We're hoping for a successful surgery and a quick recovery. It will be tough recovery but he's shown the world he's one tough cookie! Please put him in your thoughts and prayers today...! *** Frank26 INCOMING…FROM EDDIE [Firefly in Iraq]: TV keeps talking today about the construction bonds and the relationship to the exchange rate keep talking about lowering the exchange rate we used to be 1160 and the way he talks sounds like to 1 he in other words is talking about a revalue without actually saying it but that spells out rv... *** Pimpy Iraq seems to be moving aggressively and forward in a very positive manner. We know that they are getting ready for the elections...about 12 days...less than a couple weeks. Let's hope Al-Kazemi gets back in there and continues to to the great things that he is doing...
  20. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Pimpy You see in the Iraq [Central] Bank on their website it tells you how much currency was created - 55 trillion dinar. But what is not put on there is how much of it was destroyed? There was a flood and the banks had to destroy that money. How much of it was taken by ISIS and destroyed? We don't know...I did show an article in which it stated that Iraq was taking $1.5 billion of their oil money, buying back the IQD off the open market. This is great news. Think supply and demand. If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00. It would bankrupt the country. This is the first time I hear this - 70% of the money supply [removed from market] that makes it way more realistic that a revalue can be done at that rate. (Post 1 of 3...stay tuned) ** Desert Advisor Iraq has basically kicked out France and their military and our military. They've just not discovered but they're really seeking investors now for their phosphate which has been going on for years, meeting with multiple countries and different investment companies whether it's their energy, in different agriculture sectors, phosphate, all kinds of stuff and their economic reform is making way as much as they're talking with the IMF, the World Bank and everything like that with the new budget. It's pretty interesting to see everything going on! ** Mnt Goat Article: "SALEH PUTS THE INTERNATIONAL COMMUNITY IN THE PICTURE REGARDING IRAQ IN HIS SPEECH TODAY" Iraq is now all about “international”. Yes, everything these days is reaching out to the international community for trade and business. We can see the reinstatement of the dinar coming clearer and clearer in the picture each day as we progress closer and closer to the end of the year. ** Frank26 Article: "The exchange rate will be fixed in the 2022 budget and there will be no change in it" The new exchange rate is fixed to float under a controlled managed rate increase...this is education for the citizens.
  21. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** BobTheTaxMan Keeping your taxes as low as possible saves you money. I've been singing this song for how long now? Taxes is the biggest hole in your financial ship...this is the thing we have to watch for when we do our investing. Taxes are always going to be the biggest hole in your plans...there are ways to reduce those taxes but it demands/requires you to do something now...(Note: At the appropriate time for you, consult your tax professionals to create a tax strategy that's right for your unique circumstances.) ** MilitiaMan Article: "Public Traffic announces tomorrow, Monday, the date for opening all Baghdad streets" They will have 100% access to the streets. I wonder if that means they can access the thousands of new ATMs and be able to use the millions of cards to activate a new Sovereignty? The UN video described Iraq as being safe, stable and sovereign meeting place. Let see what happens by opening up 100% of all streets in Baghdad. ** Frank26 [Possible exchange possibilities/ considerations/strategies] Remember what we told you. Look at the exchange rate. Is it 1 to 1? [Then ask] CBI how long are you going to coexist the new small category notes with the 3 zeros? How long? A year? They'll co-exist forever? 6 months? 3 months? I don't have much time for the International growth do I? I was going to cash out about 10% in the beginning, I think I'll cash out 90%... (NOTE: At the appropriate time, take everything you learn hear to your professional financial advisor to create a plan specific to your unique circumstances.) ** Pimpy You see in the Iraq [Central] Bank on their website it tells you how much currency was created - 55 trillion dinar. But what is not put on there is how much of it was destroyed? There was a flood and the banks had to destroy that money. How much of it was taken by ISIS and destroyed? We don't know...I did show an article in which it stated that Iraq was taking $1.5 billion of their oil money, buying back the IQD off the open market. This is great news. Think supply and demand. If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00. It would bankrupt the country. This is the first time I hear this - 70% of the money supply [removed from market] that makes it way more realistic that a revalue can be done at that rate. (Post 1 of 3)...REPOSTED for Continuity..! ** Pimpy Quote: "The Central Bank's aggressive policies spent $1 billion to $1.5 billion every month in oil revenues to buy physical IQD supply on the open market said by Moldov a senior advisor to the bank." ...you remove 70% of it that brings it way down. Again, this is only what they bought and destroyed...We also know that there is something like 95% of the supply is out of country 5% of it is in country. I can tell you this that the big portion of the existing IQD is in the hands of banks...the average speculator has 250,000 IQD. That's the average..(Post 2 of 3).. ** Pimpy So if they removed 70% of the money supply, plus all them that have been damaged just through natural wear and tear, ones that were taken by ISIS, ones damaged during the flood that means the actual amount of IQD out there is very low. Now that makes it very realistic that the IQD can indeed be revalued around $3.00 if not more. I'm not saying that's the rate. I'm saying that is a more realistic rate given the fact that we know for sure now that the amount of existing IQD has been reduced by at least a minimum of 70%...this is great news..! (Post 3 of 3).
  22. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** BobTheTaxMan Ordinary income...I want to show where it's important for you to understand how it's calculated. We have our IQD...it's taxed on a percentage that's based on your marital status or filing status and certain allowable deductions. Under the Biden Administration they want to change it. It'll go up from 39.5% if you make over 400K. That's the big thing they want to make a change to. (NOTE: Everyone has an opinion on how the dinar exchange will or won't be taxed...remember the only opinion that matters is the IRS's - At the appropriate time speak with your tax advisor to build the best tax strategy for your unique circumstances.) ** Frank26 You need to know for how long will this currency coexist and then you can make your calculations of how much you want to exchange and then you can make your calculations of how much of that you want to use now or protect. Biden is talking about, I don't know I think heard wrong, 40%-50% in taxes? Capital gains taxes from, what is it I think, 21% corporate right now to 29% almost 30%...(Note: Speak with your financial advisor at the appropriate time to build a strategy right for your unique circumstances.) ** Pimpy They [Iraq} are taking all the right steps in the right direction. Before they used to take two steps forward and like five steps back. It was really disappointing to watch. In 2019 we really thought it was going to happen because they really were chugging along and then all of a sudden it all fell apart. But this is much different ever since Al-Kazemi's been in office... Have a great weekend everyone ... Blessings ... RON
  23. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 [Q? : What if they show you the new 'samples' [of the new small category notes]?] ...you will be inches away from what you want. *** BobTheTaxMan Estate [taxes] right now it's wonderful. If they leave the stepped up basis alone which it seems to be hinting that they are going to leave it alone then if you're holding IQD in your estate and you pass on and your kids pick up that IQD they can exchange it tax free. However, we don't know for sure that's what's going to happen because this is still in the throes of the government...(NOTE: President Biden plans to dramatically change the tax laws that will impact dinar investors in a big way if/when an RV/RI/Rate change should happen...) *** Desert Advisor 10% of the world's phosphate in Iraq. Huge amounts of it. But it just came out a few days ago Article: "7 billion weighted tons and 2 billion confirmed...Phosphate rocks in Western Iraq are waiting investment" Quote: "The total resources of the Iraqi deposits are estimated at 9.5 billion metric tons." How much is 1 metric ton worth? "$245 to $388 for a metric ton. Let's do some math, if it's around $300 for a metric ton an Iraq has 9 billion of them...you're telling me Iraq has 2 quadrillion dollars worth of phosphate in the ground? That's pretty cool...it's now being attracted for investors. Come mine it. Come get it out of the ground y'all..! *** Pimpy This is my opinion, my opinion only as they continue to rebuild they're going to need a much stronger currency but right now I think what they're trying to do is figure out how to just manage the budget, which they're doing, implement the white paper reforms, all the things that need to be done for them to get on solid ground, which they will, but once that starts to happen and it looks like they're definitely heading in the right direction, they're going to have to change the value of their currency. It has to start increasing in value... I think it's going to go up in increments...quickly over time...
  24. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy Article: "In preparation for the upcoming Baghdad conference, the formation of a ministerial committee that includes Iraq, Jordan and France" Looks like Iraq is going to be hosting yet again another type of conference in Baghdad. This is good. They're networking with other nations. This is what you want - to start getting out back on the international scene which is important to strengthen their economy. We know what happens if your economy is strong, well so is your currency... *** Desert Advisor You probably realize Iraq is still .0006 as an exchange rate compared to the dollar and all the other countries [In the region] so...they need a strong foundation when it comes to their economy and how's that going to happen? First off they need to make sure they they make the right connections. So who are they talking to? Article: "Al-Kazemi's government signs the two largest contracts that will put Iraq in the category of the largest energy sources in the Middle East".
  25. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON ** Frank26 Article: "Al-Amiri promises the "Lord of the Land" a promising plan and pledges to end the "occupation of the dinar" Quote: "the plan includes the development of the industrial and banking sectors, accompanied by the practical sovereignty of the national product," pledging to "end the external occupation of the Iraqi dinar by certain and specific countries." THE NATIONAL PRODUCT ... IS THE NATION’S CURRENCY ...THIS POLITICIAN IS SAYING THE CBI IS NOW IN TOTAL CONTROL OF ITS NATION'S CURRENCY ...NO ONE OUTSIDE OF IRAQ NO LONGER HAS CONTROL OF THE CBI AND THE IQD!!! ** BobTheTaxMan Keeping your taxes as low as possible saves you money...Cashing in - my suggestion if you have just a small amount of IQD just cash in enough to meet your goals. You want to reduce those taxes as much as possible. [for example] I'm gonna say $1 just for a number...I think it's gonna be lower than that but for calculation purposes I'm gonna say $1. Lest say it does come at $1 and let's say you've got 2 million IQD. If you run off and cash that in, remember, you bumped over that $400,000 mark, you also got that extra 3% tagged on there and you got the state coming after you as well. You lost...(Post 1 of 2).. ** BobTheTaxMan ...only cash in just enough to take care of the things you want to get done, to get some professional help and if you're going to buy a home, borrow the money. Borrow it. Believe me the interest rates are a heck of a lot lower than the taxes are by a long shot. And then when you do cash in pay the freaking taxes...Pay those taxes immediately. You don't need to have...the IRS show up. And then what happens? All those things that you bought have to be sold in order to satisfy a tax liability. (Post 2 of 2)..(Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances and consult your financial advisor before making major financial decisions.) ** Frank26 There are no 800 numbers, although... wouldn't it be something if the United States Treasury was to put out an 800 number to help you exchange your dinars. If I was the US treasury I would do that, 'Call me Mr. and Mrs dinar holder...I'll tell you what bank to go to.' The U.S. Treasury is going to be so desperate to help Joseph Biden because he's spending money left and right...if you want to exchange in an American bank go for it. In a bank outside of the United States of America, go for it, it's your prerogative. (Note: Consult your tax professional and always pay your taxes.) ** Pimpy Article: "Vietnam dong seen weakening next year on deficit, FDI-HSBC Vietnam" They think the Vietnam dong next year is going to lose some of its value. Wow. How much? Quote: "Vietnam dong's currency is expected to weaken too 23,000 per U.S. dollar from 22,700 currency..." Vietnam they're slowing down just a little bit...they were doing really good. They were really rocking and rolling but they just had gotten hit by the coronavirus and it looks like the corona is doing the damage that it was doing to the rest of the countries... ** Kaperoni From time to time people ask me why they just don't float the currency now? Part of the reason is because this is on Iraq's time table...But most importantly, Iraq needs to create the engine to drive the economy forward first and foremost. Once they do they can float the currency and let market forces dictate the rate. That engine is a process of passing laws, creating a suitable business environment, and encouraging a diverse diverse market economy. Be assured everything Iraq is doing is being watched by professional organizations such as the IMF and World Bank. Good Night Everyone ... Blessings ... RON
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