Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Search the Community

Showing results for tags 'adam montana weekly'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to DinarVets!
    • Rules, Announcements & Introductions
    • Questions and Tech Support
  • VIP Area
    • VIP Section
    • VIP Section
  • Iraq Topics
    • Iraq & Dinar Related News
    • Dinar Rumors
    • RV & Dinar Questions
    • Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
    • Chat Logs
    • ISX (Iraqi Stock Exchange)
    • Warka and Iraqi Banking
    • Dinar-ify me!
    • Buying and Selling Dinar
    • LOPster tank
    • Debate Section
  • General Topics
    • Off Topic posts
    • Natural Cures and Health Talk
    • Politics, 2nd Amendment (Gun Control)
    • Iraqi Inspiration and Stories of our Soldiers
    • World Economy
    • Music Videos etc
    • DV Weekly Powerballs.
  • Investing
    • Forex Discussion
    • Penny Stocks
    • Wall Street
    • Gold & Precious Metals
    • Foreign Currencies
    • Tax Discussion
    • Investment Opportunities and Wealth Management

Calendars

There are no results to display.

Product Groups

  • VIP Membership Packages
  • OSI Products
  • Just a text
  • RV Intel and the Cash In Guide!

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Phone Number (for VIP text message)


AIM


ICQ


Jabber


Location


Interests


Biography


Location


Interests


Occupation


My Facebook Profile ID


My Twitter ID

Found 247 results

  1. 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.
  2. 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
  3. 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
  4. Hey hey good morning DinarVets! This is one of those "holy MOLY" spots in history - so much is going on right now! Coronovirus is shaking the stock markets - if you didn't catch @Pitcher's posts in my chat last week, they are worth a look! Super Tuesday was yesterday, and it looks like the Dem race is officially Old White Guy #1 vs Old White Guy #2. (I have nothing against old white guys, I just think it's funny ). Mike Bloomberg bought American Samoa, apparently. Speaking of politics... 'tis almost full tilt political season, according to the drama-meter we run in the background. I'll take a second to gently remind everyone that this is a nice place to visit, we won't all agree on everything, and we like to keep things calm, cool, and collected. And nice. Just be nice to each other, please. BTC is hovering around the 8700 mark, despite the political and health topics and markets. Solid. On to the dinar, which is of course the heart of these updates! We also have some member questions that I'll get to shortly. Sitting (temporary?) PM Allawi has threatened resignation - rather, he has "withdrawn his candidacy". I said from the start that he wasn't my top choice for the spot, but he certainly impressed me! The man went in and started kicking things around like an Iraqi Jack Welch, which is exactly what needed to happen in Iraq. I get the feeling that he is an "all or nothing" kind of guy and didn't feel comfortable with what could have been a solid 80% win. So, what's next? The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either. As mentioned in a recent post: The good news for us, and Iraq? No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter. EDIT: As I was wrapping up this post, @tigergorzow posted this: My thoughts on it were stated above, and remain the same - the name doesn't matter, as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along. We are getting close. ====== Member questions below ===== This is a very reasonable question - it is based on logic and a thoughtful approach to the issue... ... unlike fiat currency, which is based on nothing of the sort, and actually throws reason out the window. The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply. For this reason alone, it simply does not need to make financial sense to RV. Check out @ladyGrace'sDaddy's post below: Nicely stated, LGD. The summary is this: Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will. There's always one in the group! This is a great question as well! I don't think "massive" is the correct term. "Significant" - definitely, but it's not "massive". Nonetheless - I would only be concerned if OIL was suddenly no longer in demand. Any dips or peaks in the price of oil are temporary until the global demand for oil is eliminated. While OIL is a necessary product in the global economy, the price can fluctuate all it wants - Iraq still has a majority of it, and they will be able to bank on that. If the entire world switched to solar overnight, then it would be "game over". Until that happens, I am not too concerned about the price of oil. 1 - I'll need more info on "1,000,000 IQD is forbidden". The rule is $10,000 (USD) and up must be declared in most countries. 2 - I still remember my first trip to Dubai, where there was a security checkpoint that required removing our shoes and they sprayed everyone's feet with disinfectant on the way through... but regarding your question, I'm going to need a link to be sure we are discussing the same thing Great post, Synopsis The forum software will collapse your comment, but I'd encourage anyone interested to click on it to expand and read it. My answer: I agree with your closing statement: Auctions... I'm not sure what you mean about the auctions. The auctions don't matter - if they sell at 1160 today but sell at 12 tomorrow, do we care what the rate was yesterday or if they did an auction yesterday? The auctions will continue after the rate is changed. It's how they do business. Iran's influence was a major factor, but it is greatly reduced already and looks to be shrinking more by the day. All is well in my opinion! ========= / end Member Q's ======= WHEW! That was a fun update, I really appreciate the feedback and questions from the members! I'll do that again soon, or not, depending on Iraq. Don't forget to chuck your numbers in the Weekly Pool, and GOOOOO RRRRVVVVVV!!!! - Adam
  5. 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!!!!!
  6. Hey hey DinarVets! I was out yesterday and most of the day before with a bit of a bug - I didn't die, so I assume it's not Corona. Or maybe it was, and I beat it. Wouldn't surprise me. This is just going to be a brief post for today. I spent the weekend (before I was attacked by that bug) working on a deep-dive post regarding Iraq's Budget and CBI Auctions. I'll get that posted by tomorrow morning. To the present moment... we are looking at one of the craziest times in world news that we have ever seen. We may not have an actual health emergency on our hands - the plain old flu is more dangerous to the population, strictly by the numbers - but we certainly do have a financial crisis on our hands. The world, and the world markets, are treating the Corona Virus as if it were a full blown pandemic - so, whether it deserves to be treated that way or not - that's what we are dealing with. OIL is down to about $30. BTC leapt off the cliff and plummeted to $6000, wiping out all the recent gains. Stocks... don't even get me started on the markets, I'm just thankful @Pitcher has been willing to share thoughts over the last few updates! It hasn't been pretty. Iraq is vulnerable to all of these things, just like the rest of the world - and on top of that, they are dealing with a Prime Minister issue. In spite of all that... guess who's not going anywhere? Iraq, you, and me. We aren't going anywhere. Especially not in public without some kind of contraption on our faces I'm really short on time today, so I'm going to get this posted for now. Stay tuned for the update on the Auctions and the Budget - I just need to proof it once more and it will be up. OSI members, I'm a day behind regarding that last notice we were discussing. I'll be following up on that one shortly as well. Thanks for your patience! Talk soon! - Adam
  7. Goooood Wednesday to you all! I'm actually starting this on Tuesday, pretty sure I won't have time to finish it in the morning, so it will probably be afternoon by the time this is posted. The reason is simple - while we don't have an RV announcement (your phone would have blown up by now!), we DO have a lot of interesting and promising items on the table. Up front and center is the new Prime Minister Allawi. As a short recap: Late last year, the former PM resigned. There were several failed attempts to replace the PM. A PM is necessary. Mohammed Allawi was instated as a possibly temporary PM. That "temporary" bit doesn't look so temporary now, because: Allawi is acting in a permanent manner. Namely: I posted some comments at that link above and I think it bears repeating here: "I love everything about how he is doing his job. He's getting work done and not allowing people to try to influence the process. This is definitely the most efficient and possibly the ONLY way to be successful at the job - make decisions, tell people what was done, and move forward." It's not surprising that he hasn't got the job done overnight. Taking the helm in this situation is a BIG job, and in my opinion Allawi is doing a stellar job and getting things done incredibly fast. to @Mary B for bringing this article: That first post should tell us how complex his job is, but again - refer to the earlier quoted post above, and my opinion is the same - Allawi is doing an impressive job. Other items of note: DJIA is down since my last update - as is Gold, OIL, and pretty much everything else. Presumably, this is related to the coronavirus epidemic... which makes one wonder, is this a government CIA cartel illuminati plot to control the financial market, is it the end of times and those of us that are prepared for the Zombie Apocalypse are the only ones who will survive... or is it another bird flu / SARS / mad cow disease scare that is going to blow over in short order? Bird flu lasted a year, SARS maybe two years. I'm guessing the coronavirus epidemic will be about the same, but there's always the chance I'll be thankful I have my stockpile of metals, bullets, and MREs. That's why we have those things, of course! Bitcoin is also slightly down since my last update, but going back only 3 months shows it's really up about 15%. Nobody really has a clue how or when any crypto will go up or down - that science is even murkier than the Iraqi Dinar - but don't forget about the halvening coming up in 75 days! The last halvings have resulted in massive spikes - about 10X, both times according to this article. Personally, I'm HODLing! Don't forget to get in the Powerball Pool! Last (but not least), GOOOOO RRRRVVVVVVV!!!!!! - Adam
  8. Good morning all, and Happy Wednesday! I'm a bit slammed with non-dinar related work, so just a short update today. I do have more, but it should hold till the weekend. DJIA is solid over 29,000. BTC is on a strong hold over $10,000. A sincereto everyone for the awesome work in this thread: If you had any questions about the current progress of Allawi, just check the last page or two on that thread! (Currently page 5 and 6, it might be well past that by the time you see this!) You may have noticed a lack of chatter about "protesters" over the last week or two... that's just one of the topics that has quietly just left the news. Of course we don't see anyone making a big deal out of positive news, because that's not the kind of stuff that sells newspapers. But it IS the kind of thing we want to see, because it's what is going to lead us to a higher value on the Dinar. Allawi is building a foundation, the pieces are falling into place, and I have nothing negative to report. I am very interested in seeing a continuation of this one: I think that all makes for a pretty fantastic Wednesday update, even if it is short! I've got some work to get done, y'all be good, happy, and keep up the good work... Gooooo RRRVVVV!!!!! - Adam
  9. Happy Wednesday everyone! Just dropping a note to say I am here, just swamped today with some work that's unrelated to Dinar. Rather than give 20%, I'm going to postpone until later this week. This one has some potential... more on that when I return. Have a fantastic day, everyone! Life is good, don't forget to smell the roses and dance in the rain. Or snow, if that's what you have outside. You get my point. - Adam
  10. Good morning good morning!!! We are a couple days past the presentation of the new (possibly interim) Prime Minister, and my sentiments thus far can be summarized in a word: HAPPY. The abbreviated backstory goes like this: Iraq thrown into dark ages, currency plummets in value. A decade of work later, Iraq is fairly stable and they still have enough black gold to fill a gazillion olympic pools. Corruption remains a problem, citizens tire of the charades, demand change. November 2019, former PM Mahdi resigns. Several unsuitable candidates were presented, we hung in limbo. The new PM was selected late last week. He's had less than a full week to screw it up, and he has not. Seriously - 5 days is plenty of time to drive the bus right off a cliff, and he has not. In fact, he's doing things right. One great example of what's going on in the background - the stuff we don't see on the news - is this thread, where Iran is obviously making a last ditch effort to hold ground. Does anyone think Iran is going to win this ultimatum? I do not. Especially not with Allawi at the helm, who is presumably approved by greater powers than Iran. This is precisely why Iran is making their last ditch, desperate attempt to gain footing... and it looks like a failed attempt from the start. If Iran has any success whatsoever in this attempt, we are going to see it immediately. I can't wait to see this Iranian attempt fall on it's face! Another example? The Budget, which was approved-but-held-and-now-this (back on track!). I'll be candid - Tawfik Allawi was not my "top pick" for the new PM. But, current PM Allawi does have a very solid history of butting heads with Maliki, and that's about as solid of an endorsement as anyone should need. We are standing by. I'm still expecting some significant reports to come of this development, and while we are watching the news feeds for it to come out - here's a discount on VIP. You WANT to be in VIP because when Iraq changes the value of their currency and we all go cash in - VIP here at DinarVets is going to put more cash in your pocket, help you protect those gains, and much much more. Join us here, and use the code "newPM" to get a 25% discount. I'm going to end this post here, but I'm not going far! GOOOOOO RRRRRRVVVVVV!!!!! - Adam P.S. OSI members, click here. P.P.S. Get in the Powerball Pool here. P.P.P.S. Nice work in Iowa, voters! Here's your result:
  11. Good afternoon and Happy Wednesday! What's going on in DinarLand? That's what we ask every week, and thanks to the amazing newshounds here at DinarVets we're able to keep up on the happenings. HUGE to all of our tireless members who filter and sift and read and post it all here! I have my personal contacts that give me a constant feed of information, but you don't need special contacts to stay up to date. The news feeds here on this site have been an incredible resource for many tens of thousands of people, and I personally want to take a minute and thank everyone here that contributes. So - THANKS! Shout out to the current top 4 on the leaderboard: @yota691, @DinarThug, @Butifldrm, and @Pitcher The big news going on right now in Iraq is the impending selection of a Prime Minister. Over the years, we have witnessed a series of Iraqi politicians that were really Iranian puppets - influenced, paid, bribed, or otherwise, but they were not looking out for Iraq. As of last October, there has been a major shift in Iraq. The people protested, rioted, and demanded change. The face of their demands was simply to improve their lives, but the heart of the matter comes down to removing the Iranian factors. This is the main reason there is no Prime Minister in the place of Mahdi already. There were attempts to insert yet another Iranian talking head in the position, and then more attempts, but between the Iraqi's recent protests, and a bit of US and other outside influences, the Iranian factor is being whittled down. The barriers that have kept an RV from happening are being eroded, and quickly. I know, that's not what is in the headlines. It's not on the front pages of any MSM publication, and it's not spelled out that simply in most cases - but that's what is really going on. Where we are today, then, is on the cusp of some serious change. We are staring at the future, shaping itself via badly translated articles and sometimes dodgy guru explanations... but we are there, just the same. Looking back at how many times we've seen great news in Iraq and comparing that to the number of times we've seen an RV come of it tends to make some people negative. I would caution against too much optimism, but I will also caution against the opposite. The facts are right in front of us - we have never seen this kind of change, and it's happening on top of everything else that Iraq has accomplished. Will we see a new Prime Minister this week? Possibly yes! There may be one final attempt to slip in someone with Iranian backing, but that will fall on it's face, and my prediction is that the people are going to get what they want. As that happens, Iran's grip on Iraq is going to be severely weakened, and things are going to happen. Fast. I don't have an RV date to give you. But I do believe that towards the end of this week, we're going to have a reasonable amount of information to use in making such a prediction. And I also think it's going to be extremely favorable. Time will tell if I'm right... and there are some of you who are going to reap some amazing benefits. See you in VIP ================= That's it for the midweek briefing! Be sure to get in the Weekly Powerball Pool, and GOOOOO RRRRRRVVVVVV!!!!! - Adam
  12. Howdy DinarVets! Superbowl Sunday is upon us, but that's not why I'm here right now. I mentioned in this week's update that we were expecting a Prime Minister to be named towards the end of this week. Those of you who know me are well aware that I don't give predictions very often... my sources were strong enough on this one that I went against the usual grain and put it out there. Sure enough... as of yesterday, Iraq has a new Prime Minister, and the name is Allawi. I also weighed in that I believed it would be one of the Allawis! That's a solid 2 for 2 on recent predictions, thank you very much! I should quit while I'm ahead, but what fun is that?! I've got one more in me. First, who is this guy that is now Prime Minister of Iraq? From Wikipedia: Here's what I really like about this guy: "...both times he resigned from his position in protest against al-Maliki..." There is talk about protests continuing due to his appointment, but I'm leaning towards "fake news" on that one. It would not surprise me at all to learn that the "protests" being referenced are paid for by Iranian or Malikian sources. I would normally avoid quoting anything published on the NYT, but there is truth to this: To be sure we are considering both sides of this new situation, here's another article: Here's what I'll note about that article: 1. "Hundreds" of protesters - not thousands. 2. The protesters, as stated in that article, don't have a person that they would accept. They are just protesting to protest at this point. So, what about my prediction? The one that could get me the coveted Turkey, the Hat Trick, the Trifecta? If this new PM Allawi shows immediate action on two items, we are on the fastest track to an RV we could hope for. Those things are simple: 1. Something, anything, to immediately show that he is "anti-Iran". and 2. Something, anything, to immediately show that he is anti-status-quo and anti-Maliki. These things are easy! And they can be accomplished this week. If he does these things, the protests will subside, and we are fast tracking. THIS WEEK, my friends! We are either going to see an RV or we are going to have a very solid picture of the actual "when", and I see it happening quick. I don't care if it's a penny, a dime, a dollar, or a full RI - we're looking at some good stuff. A quick note on how this investment plays out - when you are in our VIP group, you are guaranteed to get more in your pocket when you cash in, and more benefits. It's that simple - join us here: https://dinarvets.com/forums/index.php?/store/category/1-vip-membership-packages/ GOOOO RRRRRVVVV!!!!! 💰🎶 💵 - Adam
  13. Hey hey Happy Thursday! Thank you to all who responded in this thread yesterday - the support and love that this community shows is nothing short of incredible! Quick update on the Iraqi Dinar for today... I'm very very interested in how things are playing out. It's very easy to get distracted, but we're too smart for that here at DinarVets. POP QUIZ TIME!!! Who is the Prime Minister of Iraq? (Insert Jeopardy music... 🎶) Ok, time's up. The answer is: Abdul Mahdi! (Did I just hear gasps and other noises of shock and awe?!) Yep, Abdul Mahdi. The same guy that was supposed to be replaced. Then the President of Iraq was also going to resign, and there was 15 days to resolve it all, and I believe there was some Hell and Brimstone and perhaps the stock market was about to tank with the impending WWIII... but for some reason, the only thing I've heard about on the news today is a bunch of fluff about IMPEACHMENT of the President of the United States. An Impeachment which, by the way, is going nowhere. It's a non-story. And the DOW is over 29,000 are you laughing at all of this with me yet?! I don't know what bugs you more - fake news, or non-news - but this has the marks of both at the same time! It does not actually annoy me, of course. I let it go in one ear and out the other, as I'm digging through the news for what REALLY matters. Despite the news being clogged up with all the non-news and fake-news headlines, there is actually a lot going on that we should be aware of. For example: The budget isn't a huge deal to me, but the "devil is in the details, as they say. Check out this follow up from @DinarThug - Mahdi, who should have been replaced by now, is not looking like a PM that is on the way out! As a matter of fact... it looks to me like the whole resignation thing is almost blown over and forgotten. Maybe that was the plan from the beginning, or maybe it just worked out that way, but I stated back in November that I like Mahdi in his role. If he does indeed end up staying - and continues to actually govern, as he's doing in the article I linked to above - he's still a good person for that role, very capable of orchestrating the situation we need for a successful RV. We aren't in WWIII. Bitcoin is back over $8600. (Super interesting article here.) The DOW is over 29,000. All good stuff, my friends... closer and closer we inch, every single day! That's it for me right now - more to come later. - Adam
  14. Hey hey it's Wednesdayyyyy! It will be afternoon by the time I get this posted, so - Good Afternoon, or evening, wherever you may be! This was a strange week for me - I almost got the Weekly posted a day early! That turned out to be wishful thinking, as my phone ended up ringing off the hook all day and I just couldn't quite get to writing this up. Nevertheless, here we are! Every week here at DinarVets, a group of us enter our powerball numbers into the "Pool" (join us here this week). It occured to me this week, as I bought my lottery ticket, that I don't expect to win the lottery. I don't expect anyone else here to win it, either, but I still buy the tickets and enter my numbers in the Pool, because there's always a chance... and if we don't play, we can't win. The Powerball is a random chance. It's highly unlikely to land in our laps, no matter how long we wait. Nobody in our group is likely to win it, but we keep on plugging those numbers in there. There is a chance. My thought process on the Iraqi Dinar is much different... I fully expect to cash in on that one. When I bought Iraqi dinar for the first time, I will admit that I was not nearly as knowledgeable about it as I am today. Over the years, I have continued to learn about it, educating myself and sharing that education, and I am more confident than ever that this will end with a good profit. The year 2020 continues to shape up as a GREAT year for it, too! Right now in particular, many of you probably noticed how the "news" sounds... none of the squawk boxes are chattering about Iraq. Iraq was not mentioned once in my daily morning news feed... and that's just the way I like it. It was just a couple weeks ago that Iraq was in the spotlights, right next to Iran, but as of this morning - not a peep about the middle east. At least, not in the MSM. Here on DV, we have better sources and a more refined "ear" for what's going on! A couple of examples from the forums here: For example, it's looking more and more like one of the Allawi's will be appointed PM. My vote would be for the one that Maliki likes the least, but I don't get a vote in that. LINK. There is a bit of talk about the USofA interfering, influencing, or otherwise controlling Iraq. This holds some truth, such as what we see here. My opinion is that Trump may not be directly responsible for Iraq's RV, but Iraq is being pushed to move away from Iran, and that is a good thing. Articles like these are pretty solid evidence that Iraq wishes to stay on our good side, and all that nonsense about Iraq "wanting US troops out immediately" was just that: nonsense. More evidence on how Iraq feels about the US: There's more, of course.. but that's enough for now. My friends, this situation is unfolding before our eyes... I have a strong feeling that the Dinar news is going to get much more exciting, very soon. I'll be here as it happens! - Adam
  15. Good morning and happy Wednesday, to all in Dinarland and everywhere! WOW. What an end to 2019, and what a start to 2020! 2019 ended in Iraq with a flurry of activity. The Prime Minister resigned, the Iraqi President threatened to do the same. There were major protests, huge shifts in the landscape, and a lot of uncertainty. There is so much news and activity right now that it's almost impossible to keep up! This is exactly the type of situation where big things happen, but the world is so busy watching the "news" that it just slips under the radar. The uncertainty continues with the current situation regarding Iraq, largely because of the situation with their neighbor Iran. I'll give my opinions on the situation, but this is a fluid situation - things change fast. Also, some of these are my personal opinions - you don't have to like them, or agree with them. You are entitled to your wrong opinion. Like it or not, the United States just influenced the timing and chances of a near future revalue on the Iraqi currency... but I don't believe the current events have altered the destination at all. In fact, the attack on Iranian terrorist Suleimani - justified or not - is likely in favor of a quicker path to an RV. I said that the protests would take about 6 weeks to wrap up. I was a little short on the timeline, but not much - and they did wrap up. This situation is a continuation, and very similar - it is going to be a bumpy ride, but it won't last forever. When it's over, I believe we will be in a far more favorable position to see the Iraqi currency skyrocket. Yes, I said that word: Skyrocket. The recent protests in Iraq, which started officially at the beginning of October, were largely instigated by the people of Iraq being fed up with the Government of Iraq's then current progress, which was largely influenced by Iran. The "read-between-the-lines" message was pretty simple: "Get Iran out of our country and do something good for us!" Iraq has made official announcements that they want all foreign troops out. The announcement is non-binding for the United States, and there is talk this morning that sanctions may be imposed on Iraq if they don't cooperate with our goal of controlling the Iranian terror machine. Yes, I that too: The Iranian terror machine. War isn't something that anyone should take lightly. The political rhetoric surrounding any serious situation, on the other hand... I tend to laugh that stuff off. For example, the idea that Trump should have gotten approval from Congress prior to sending Soleimani to meet his virgins... are you kidding me?! I suppose he should have followed that with a press conference announcing the attack in advance, and then apologize with a planeload of cash. Right? Anyway... we are indeed in the middle of a very tense and hectic time. I'm sure we are going to see all kinds of Chicken Little Syndrome (I'm calling it "CLS" from now on), we're going to have questions and self doubt and panic... buckle up, hang tight, and be ready. Kind of like what I'm doing, preparing for the comments I'm sure I'll get in response to this Weekly. On another note... my football team is in the playoffs. And Tom Brady isn't. GOOO RRRVVVV!!!!! - Adam P.S. Are you in the weekly Powerball pool? P.P.S. For anyone suffering from CLS, here's some medication:
  16. Hey hey all! I tagged this post as a "Weekly" even though there have been more than one "Weekly" lately, and even though it's a holiday week... there is probably going to be more than one this week as well. In the last update, I talked a bit about the upcoming change in leadership in Iraq. I'll recap, because it's important and even fun at this point with the solid stream of good news flying our way! Back in early October 2019, the people of Iraq finally had enough. If you were a member of that group, you'd probably feel the same way! Especially knowing as we do that your country is capable of increasing your spending power in a major way, and the only thing keeping you impoverished was a bunch of corrupt bureaucrats stealing your money... ... following those protests, or during them, the most recent Prime Minister (Mahdi) resigned. By law, there was a period of time to appoint the next leader. What is being said over and over, in many different ways, is that it is well known by all involved in the process of appointing the next Prime Minister that it must be a candidate who will be accepted by all political parties, and also the people. In fact, "most importantly, the people." This puts a very bright light not only on who they appoint, but also what happens in the very near future. I know I'm not the only one who sees this! The people of Iraq have forced a change in the government, because they were not happy with what was going on. And unless the next person gives them something good, and fast, they will be rioting again. I also mentioned in my last update that things should be happening fairly quickly. That update was a mere 5 days ago, and instead of the usual weeks or months of delays, we are seeing a different Iraq. I'm just going to snag a bunch of excerpts from a hot thread: This from an interview with Baghdad Today referring to President Barham Salih: The following of Tawfik Allawi: Allawi is reported, among other things, to have not liked Maliki: And Allawi himself says this: He says this knowing full well that if he doesn't appease the people, he will be next on the chopping block. He says this knowing that if he doesn't make the people happy - they will be rioting again. It really appears that the people are pushing the cart now, instead of being led like sheep. The people aren't going to wait long. They want change, and they want it fast. I'll gladly take that change, regardless of who brings it... and it's looking pretty obvious that someone is going to have to bring it. Or else. Today or tomorrow we should have an announcement on who is going to take the responsibility for that change... it may be a surprisingly great Christmas after all! ================ / / =============== You have TWO DAYS left to take advantage of the discount on VIP! Christmas is scheduled for December 25 this year, so take 25% off your VIP package at DinarVets.com with discount code “25”. The BETTER deal is to never pay for VIP ever ever again, and get a huge discount on it – also, it’s saving me the trouble of sending your Certificate once the RV is announced – at the link below. Platinum VIP (Lifetime) is normally $379, but you can get it for yourself or as a gift for only $199 from now till Christmas. No coupon needed, just get it below: GOOOOO RRRVVVV!!!! And, of course, Merry Christmas. - Adam
  17. Good day and happy 27th of December, friends! Iraq is taking the end of 2019 serious, in case you hadn't noticed! There's a lot of chatter on the webs about the various news, and it's worth discussing! First, the recent history: Beginning of October 2019, the people of Iraq began protesting. And when I say "protesting", I mean riots, people dead, "we're not going to take it" level of protesting. The most recent Prime Minister quit, and his successor needed to be named in a short period of time. Parliament made it known that the voices of the people were heard, they know they can't just stick another puppet up there and expect things to be okay again. Of course, we all know that whomever is put in that spot is going to be a puppet, so I should say they know they are going to need a much more acceptable puppet, with a new song and dance. Last week, several options were considered, and they ended up with a completely unacceptable candidate: The current governor of Basra, Asaad Al-Eidani. *Sigh*... as if that was going to go well! Now, the President of Iraq Barham Saleh has stated that HE will also resign over the reaction to this nomination! This takes us to the current situation. My take on it - the President put up the candidate (Eidani) under pressure from Iran and other influences, but he knew that wasn't going to fly. It didn't, and now he's threatening to walk if the GOI doesn't get serious about listening to the people. Bottom line... the people are going to win this one. There WILL be a massive change in Iraq, and it's happening. Right now. Overall, I'm very happy with the situation. I'd be happier if we were a little further along and we had an RV, but obviously these things take time. The next 48 hours will give us more, as stated in one of the quotes below. Oh! The quotes below - I pulled these from some articles posted by @DinarThug in response to the thread "Iraq deadline to appoint new PM looms" - hat tip to you, sir! Excellent work. Read below and piece it together! And... we wait. But not too long, the way things are moving right now. Goooo RRRVVVV!!!! - Adam
  18. Good afternoon, DinarVets peoples! This update is one of the most optimistic ones I've had the pleasure of writing in quite some time. We're transitioning into the next scene for Iraq, and it's happening now. It might help everyone understand my line of thought by giving a short timeline: Eons ago, an evil force was removed from power in Iraq. The country spiraled into the stone ages, they lost their wealth, and their currency plummeted in value. Sanctions were imposed on Iraq, wars raged. Lots of conspiracy theories to discuss there, but let's stay focused Through years of hard work and slow progress, the major sanctions were lifted (Chapter 7), and Iraq rebuilt it's government. Iraq's currency has also regained value. Make no mistake - going from 4000:1 to 1190:1 is nothing to scoff at! As Iraq has continued to improve on it's situation, they have gone through various leaders... Maliki probably being the worst, Abadi the best. Mahdi had a chance, but... ... on October 1, 2019, the Iraqi people (middle eastern millennials, mostly) basically revolted against Mahdi and the current GOI, and - - shortly after the rioting began, Mahdi resigned his position. Note: he is still acting as Prime Minister until a new PostTurtle is selected. That brings us to the present day, so let's put it all into perspective. We just walked through a 16 year story with very little detail. The small details that fell by the wayside through that timeline simply don't matter once we cash in, do they? No, they don't. When the rioting was in full force, I stated that we were in for a bit of a wait. Turns out it was only a couple months. The next step is to place someone in the Prime Minister position, and that looks like it's going to happen fairly quick. At this time, we have a Budget that is on track, including full agreement that the KRG will pay their share of the budget with 250,000 barrels of oil. Article 140, related to some disputed territories, is front and center again. This is an issue that won't be completely resolved immediately, but it doesn't need to be. "80% done is done enough" on that matter for us to see the HCL move. Those three items - New Prime Minister, Article 140, and Baghdad and KRG agreeing so peacefully on a number for the Budget, are all GREAT for seeing the HCL move, and that's what we need to open the path for an increase in the exchange rate. Fingers crossed for HCL news, because when that hits the press... it's probably a done deal at that time. We could be a couple weeks out from a huge change. This is all coming together at the same general time, and the combination is exciting. GO HCL. GO RV. GO IRAQ! - Adam
  19. Gooooooood morning Dinarvets! There is a lot to discuss, but time is short for me this morning. I'm going to do this update somewhat "shorthand". WTI (oil) at $59 this morning = good. The Kurds already agreed to a portion of the Budget, and they are continuing to make progress on their own responsibilities. Also good. For those coming late to the party, Prime Minister Mahdi is stepping down and is to be replaced. Reading between the lines leads me to believe that a person is chosen, but they are going to wait until the "last possible day" to announce him. This makes sense to me - by releasing the name at the last minute, they will transition into the next phase with less issues. Related articles here. I like it. Things are going well. As long as Steve Harvey isn't chosen to announce the rate, we're going to be just fine! That's it for now. Keep your heads up and don't let the holidays stress you out! - Adam
  20. Good afternoon all! Today's update will be really short, mostly because I want to see the next couple of articles that follow this one: Also, because Cyber Monday kicked my butt there was a lot of fun had by myself and the members in the VIP section, and I also got most of my Christmas shopping done! The downside is it stole a day from me, and I'm a bit behind on work. We are currently looking at some interesting Budget possibilities, pressure on pushing HCL forward, and more. All good stuff! Told you it was going to be short. GOOO RRRRVVVVV!!!!! - Adam
  21. Happy Wednesday DinarVets! I'll get to Iraqi Dinar in a minute - first, a couple headlines. 1. Michael Bloomberg officially entered the race for 2020 US President. We've all seen people blow a ton of money, and he can't/won't win (Vegas odds are +2500 currently), so I wonder if there's an ulterior motive here. Anyone have any thoughts on that? 2. Thanksgiving is tomorrow! I'm thankful for many things, one of which is the fact that I'm not travelling through Denver right now. 480+ flights were cancelled through Denver International yesterday... eek! 😬 3. One of these days, we're going to see the IQD revalue. I'm sure of that. What I am NOT sure about is if we will ever hit the lotto big... but you can't share if you don't play! Get in this week's lotto pool here. Of course, you don't want to miss out on the Black Friday special going on right now! Use code "go2019rv" for 25% off on your VIP upgrade or extension. Click here to select the VIP package you want. On to the Iraqi Dinar! The "hot topics" on the subject seem to be budget, budget, and also... Budget. Included in the Budget is always some kind of reference to the rate of the Iraqi Dinar, and every year we have a variety of interpretations on how the Budget will work with a change in the value of the Dinar. To keep things extremely simple, we can just summarize - the "new rate" does not need to be in the Budget. The Budget doesn't have to take a rate change into account. The rate mentioned in the Budget doesn't mean a thing! The reason is very simple. When they change the rate, there are a few ways they can do it. In any of these cases, a one paragraph amendment to the budget will keep things correct. For example, the exchange rate is currently 1190:1 (IQD:USD). If they move the exchange rate closer to $1, they might move the decimal 3 places to the left making 1.19 IQD = $1 USD. Adjusting the budget is mind blowingly simple - a one paragraph amendment reads as follows: It doesn't have to be complicated! And that right there covers pretty much everything. There was also a comment recently by one of the gurus about the new notes being introduced after the rate is changed. I don't normally comment on the comments of others, especially the "gurus", but I happen to agree with this one. There is no reason to introduce new notes without a rate change. Introducing them before a rate change wouldn't make sense. And the fact that there are new notes for us to talk about is a huge indication that there is a rate change in progress or planned. But wait, there's more! Want something else to smile about? How about this... HCL incoming!!! Check out that article, and a couple of the following posts in that thread... the writing is on the wall! That's it for now, friends... this post was meant to be up much earlier today, so I'll wrap it up here. GOOOO RRRVVVVVV!!!! - Adam
  22. Happy Wednesday, DinarVets! Here we are, the week before Thanksgiving. To me, "Thanksgiving" is more than just the day in late November when we all gather around with our families and eat turkey and candied yams and green bean casserole and all kinds of other delicious foods... the word "thanksgiving" itself is actually first defined as "the expression of gratitude, especially to God." Personally, I don't care what God you love, or if you don't even subscribe to a religion. I have my own beliefs, and they match some of yours. They don't match others... but we should all agree that it is good to "give thanks", to be appreciative for the blessings that we have, and to find reasons to be happy with life. I'm thankful for this community, the many friendships that have been made here, and I'm thankful for hope. Turkey and pie are just bonuses. (Dark meat for me, please! And keep the celery out of the stuffing, you monster! ) Iraq is in a fantastic spot right now. YES, they have had a rough 6 weeks or so. The people have been demanding change, and it looks like they are getting it. The GOI is making real changes to their government structure, Parliament is discussing some necessary actions to reduce corruption, restructure their systems, and make a final push towards recapturing their glory days. I'm sure a lot of people have given up on Iraq recently. Quite honestly - this is good for those of us that have chosen to hang in there. We can draw a very significant parallel between bitcoin and the Iraqi dinar here - it is estimated that 4-5 million bitcoins have been lost forever. I know I personally lost quite a few on an old hard drive, and others have lost even more. I had some on exchanges that went under, and some I just lost the key to. No matter what happened to them, they are gone forever, which raises the value of those remaining to be traded. The same goes for Iraqi dinar - with every "loss" of outside investors, Iraq's obligation to the world decreases, and makes it easier for them to come out with a higher value. The saying goes, "it's always darkest before the dawn". Iraq has seen some dark times. But dawn IS coming... I'm hanging in there, and I'm thankful that you are as well. Talk soon! And be on the lookout for some Black Friday/Cyber Monday specials around here... they may be coming at a really good time for you. - Adam
  23. Good morning Dinarvets! I didn't title this thread "weekly" because it's probably not going to be the "official weekly" update... this is more of a "drive by". I mentioned recently that I have a favorite daily newsletter - it's called "the brew" (you can get it free at that link), and this morning they nailed a lot of topics that were already on my mind. I figured it would be worth making an appearance for these topics, so here we go! Amongst the topics... Trump/Syria/Turkey/Kurds: This one is a little complicated, so let's break it down. It was announced last week that we are withdrawing US troops from Syria, which led to talk of Turkey ramping up attacks on the Kurds, finger pointing at Trump because he's bailing on the Kurds when we are supposed to be babysitting them, Trump responds by saying if Turkey steps out of line we will hit them in the wallet, and here on DinarVets we're all like "wait what about the Iraqi Dinar?!" WHEW! That was a mouthful First, I'll quote The Brew - they said it well enough: Next, let's identify "the Kurds" - I'll quote a part of this WaPo article that gives a good explanation: So, this current news cycle we are reading and hearing about involving "the Kurds" isn't specifically about Iraqi Kurds, but the events unfolding right now are going to do one very significant thing with regards to Iraq... a message is being sent. I'm not saying I approve or disapprove of the tactics, or the decision to withdraw troops, or the decision to put them there in the first place. But what's happening right now is irrefutable evidence that the US of A has a huge influence in the Middle East, the affairs of the Middle East, and therefore... the Iraqi economy, which includes the trade value of the Dinar. What this sets up in the near future is the confidence and assurance that with the US on their side, Iraq can make changes, improvements, and progress. What happened to Turkey in the past, and may happen very soon again, can happen to Iraq. The same is true of the inverse... where we can inflict severe harm, we can also support massive gain. (GO RV!) ================ Politics... Elizabeth Warren has been running ads accusing Facebook CEO Zuckerberg of supporting Trump in the last election, and her ads specifically state that the accusation may not be true. Read that again if you need to ================ Speaking of Facebook, their cryptocurrency Libra lost a ton of backers... PayPal among them, followed by Visa, Mastercard, Stripe, eBay, and Mercado Pago. Tim Apple also stated a "hard no" on an Apple Crypto, which opens up a lot of room for discussion on the future of BTC. My take is that BTC lost a serious potential competitor with Apple pulling out of the game for the moment. Tim's reasoning for not wanting to get involved in crypto actually supports the argument that crypto is destined for success - feel free to chime in on that one! I have a feeling that the recent release of the Apple credit card has more to do with their current stance on "AppleCoin" than anything else. Either way, BTC seems to have stopped pulling back on price and is poised to move up again. I'm keeping a watch on it. =============== That bit about crypto wasn't in the brew's email this morning, but they did mention bank profits... or rather, the decline in bank profits. Quoting again: I'll add a bit to that... banks aren't going to lose money when there is the option of negative interest. Negative interest is when the banks charge you to keep money in the bank, and what kind of impact do you think THAT will have on Crypto? To the moon, baby! 🚀 #HODL =================== That's enough for the Monday morning drive by... Happy Columbus day! ( Sorry, couldn't help myself!) - Adam
  24. Happy Wednesday, dinarvets! I'm in the middle of a blizzard (ok, it's just snowing a little) and I've got a bajillion fires to put out here at home, so this one will be quick! The good news is that I see lots of good reasons to come back with more updates before next Wednesday. In fact, I made a detour to buy a lottery ticket this morning - that's how good I feel about the near future! (Get in the lotto pool here.) It looks like the protest situation is coming to a head, all while budgetary and other government issues are also moving forward. The US is putting pressure on Iraq to do something about the protests, which really means the US is putting pressure on Iraq to get their butts in gear. This article I posted states that the Iraqis are grumbling about "US interference", but the fact of the matter is this: if the US is putting pressure on them, they are going to do something. And they are going to do something that moves Iraq in the direction we want, and it's not going to drag out forever. Personally, I see that as a positive sign and I'm looking forward to the next week. Here's some evidence of what I'm hearing that has me feeling positive... despite the blustering about not wanting US interference, the news says they are doing exactly what we want. Take a look at this and the 12 posts that immediately follow it: We are looking at a positive situation, friends. I'll be back with more as it develops - hopefully even before the weekend, if the rumors I'm hearing are correct. This can all come to a head very quickly. - Adam
  25. Good morning and Happy Wednesday! Iraq isn't in the best possible spot this week... we are nearing a month of protests. Mahdi has promised to resign once a successor is named. They are working on a new election law that will likely eliminate a handful of positions in the GOI, and thereby reduce a bit of the corruption. Bad news - nothing is happening immediately. It appears that things are settling, but realistically this is going to take a couple more weeks. On the positive side, the exchange rate is stable in spite of the confusion. I can't imagine a more solid argument for Iraq's future than that! WTI oil pricing is stable. The work that was being done hasn't backtracked - it's just paused. Progress made has not been lost - just paused. On a related note, I've seen a couple of the "rumors" floating around about the dinar being released with "par value" (that means nothing to us), or Chapter 7 being reimplemented, and a few other things like that. I say it's related because when Iraqi news is slow, or negative, the "gurus" always seem to come up with some nonsense like this. That's what it is - nonsense. Just read it, give your favorite newshound or rumor sharing member a "❤️ " for sharing, and take a deep breath - the situation will work itself out, and we'll be back on track shortly. Crypto. BTC settles in over the $9000 mark after a nice boost up... remember a few updates ago when I told you I was going to trade some precious metals for crypto and grab a short term gain? China's news a couple weeks ago certainly happened at a good time! China continues to back off on their former ban on crypto, basically stating they are going to support blockchain... if not necessarily supporting bitcoin itself. Either way, this is really good for the crypto world in general. More blockchain projects and support means more adoption, which means more demand, and BTC stands to gain from that both short and long term. Recommendation for the day: Follow the Crypto section in VIP! You can choose more or less notifications, based on your preferences. Personally - I get an email anytime a new thread is posted, and of course a notification when a post is made in a thread I follow. If you don't know, you can't win. Just for fun: Courtesy of the brew, check out this amazing footage: That's it for now! It's unfortunate that we're seeing a delay in Iraq, more so for them than for us, but keep your head up and stay positive. This train is still heading the right direction. - Adam
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.