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Found 261 results

  1. Good morning and HAPPY WEDNESDAY! Yes, I'm a bit excited. A big reason is some progress (a breakthrough, in fact!) in OSI (part of our VIP area), details of which are here. The second reason, which makes the above even sweeter, is the situation surrounding us. OIL - Oil is a big deal. WTI is stable at just under $40. The previous Iraqi Budget was published at an expected rate higher than $40, and throughout 2019 the price of Oil never quite hit the mark they established for it, yet Iraq was able to sustain operations even at the lower price. Even more impressive is the fact that when Oil went to negative rates recently, Iraq didn't crumble. They survived. And even more impressive than that is the trajectory that this thread is on. Oil, and Iraq, is on the move. The OPEC production cut agreement has made a significant impact on oil and it's place in the world economy. Or, you could say the world economy and the price of oil - they are intertwined. As we move forward in 2020, this is a significant factor in Iraq's ability to increase the value of their financial tools... and we are on the right path. There is more going on, including the upcoming IFEX, and that alone would have a lot of Gurus spewing extra saucy verbal diarrhea... the thing is, some of it is bound to come true, even if they don't have a clue what they are talking about. Why? Because we are getting to that point. A broken clock is still right twice a day. Kazzamie is kicking butt. Seriously - I have a list of over a dozen articles that I love from just the last few days. The only thing we are missing right now is the HCL. And even that "smells" close. I'll do a discount on VIP by email later this week. It's going to be a limited one, so jump on it quick when you see the email. I'll be in touch soon! GOOOOO RRRRRVVVVV!!!!!!! - Adam P.S. Don't forget to get in our Weekly Powerball Pool!
  2. Good morning and HAPPY WEDNESDAY! These Weekly updates are getting more and more fun for me, because Iraq is moving faster and faster. The proof is coming daily, hourly... we are looking at an HCL move soon, and that's about all we need right now! The comments on my Weekly update last week reached 6 pages pretty quickly... here's one of the highlights: That doesn't say "HCL tomorrow, RV by Friday"... but it's pretty darn close! The new PM Kazzamie is operating efficiently and effectively. We are going to hear some detractions and criticisms, but he is doing a great job in my opinion. Oil is slightly down this morning, but the overall trend is stable and upwards, currently at $39.24. The IMF is predicting a continuation - I agree. As we move closer to a successful resolution and completion with HCL, we are going to start hearing a LOT from the "gurus". Some of them will be right, some will always be "full of it", but the closer we get... the louder it's going to seem. Stay calm, don't let emotions get the best of you, and hang tight... we are closing in. That's all I'm posting for this morning. Go Iraq, go HCL, GO RV!!!!!!! - Adam
  3. Good morning, good morning! This may end up being a "less is more" kind of post. Reason? HCL. I made mention last week that we are in a great spot, and I was hoping to see some movement on the HCL. @DinarThug, true to form, followed up with this. And this. ("The oil and gas law will be included in the upcoming sessions.") And this. And this! And this. And THIS!!! And... seriously, it just kept going. There are times when I find it perfectly acceptable to be calm, sit back, and not get too excited. This is not that time. We are looking at constant HCL news, constant mention of monetary change, constant clues that we are on the brink of a monumental event. I'm ready. === // This next part will be deleted tomorrow: // ===== (deleted) === // The above will be removed tomorrow. You snooze... you lose! // ==== Don't get me wrong... I'm pretty stoked about the stability of bitcoin (and the potential of quite a few other cryptos!), the markets are encouraging (hat tip to @Pitcher for the great analysis every week!), and a mess of other stuff! There is just so much going on right now that smells like "HCL", like this and this and this and... it's almost overwhelming. You can bet the gurus are going to be going nuts here pretty soon. As a VIP member, you can ignore all of the hype and the nonsense you read or hear, and relax while you watch for my text and email with the official RV announcement. Hang on to your hats, friends... stay grounded, get in VIP, and enjoy the ride. Go Kazzammie. Go HCL. GO RV. - Adam P.S. Don't forget about the Weekly Powerball Pool!
  4. Good morning and Happy Wednesday everyone! I don't know why, but it seems to me like October has been really long... I feel like this is my 6th or 7th chat for the month! It's probably because I had such high hopes for late September, or early October, but nothing really happened. That is all changing though! FINALLY, at the tail end of October, we're seeing the stuff we want. Check these out: 1. We discussed briefly earlier this month the OPEC push to reduce oil production. There are a lot of reasons for this push, and I'd say 90+% of the member nations understand and agree with it. But here's something interesting... "The head of the National Alliance, said that "Iraq should be excluded from any agreement that aims to cut oil production," attributing it to "the need for Iraq without the other for this exception being locked in a fierce war with Aldaasha terrorism on behalf of the world. Link: It doesn't take a brain scientist to see that Iraq is getting massive support in the fight against ISIS. It also doesn't take a rocket surgeon to see that this kind of agreement is a sweetheart deal for Iraq! Speaking of ISIS, 2. It's been tough to keep up with exactly how things are going over in Iraq, with the media so focused (mainly) on things Donald Trump may or may not have done 30 years ago and ignoring the stuff they could be talking about regarding Hillary, but nonetheless... what is happening with Mosul right now is THE biggest, fiercest, and MOST SUCCESSFUL push by Iraqi forces to WIN against ISIS. The fight for Mosul is making incredible progress, and I really don't think they are getting credit for it like they should be! After a long run of half-hearted attempts to "attack" ISIS, they are finally doing it RIGHT. I expect to see huge victories in the next week or so, which is going to prop up Iraq's support and credibility in the world, and is taking them where they need to go. 3. I am disappointed to see that Abadi has not been successful in appointing those last few deputies: In fact, unless they directly oppose this ruling, it looks like next week isn't our week either. This isn't the end of the world, it just means we're not likely to see an RV this week. However.. I saved the best for last! Ready? 4. HCL FINALLY BACK ON THE TABLE!!!!! WOOOOOOTTT!!!!!! And to go hand-in-hand with that MUCH WELCOME news, there is also this: Seeing the parliament and ministries seats not yet filled was a little disappointing, but that's just a time issue. If not next week, the following perhaps. And simultaneously we have a strong chance of watching the HCL unfold, become active, and then my friends we are off to the races! I'm not going to call the deed "done" yet, but I strongly feel like we're almost at the point where it could really be "any day". As such, I'm going to do something that I've never done before... later this week I'll roll out a monthly VIP option. For those of you not aware, there has never been a monthly VIP option for several reasons... one of the reasons is that there is so much to absorb in the VIP section that I've always felt it would be overwhelming and unfair to you if you had to try and assimilate it all in just a month! The other side of that coin is that some people have a hard time making a full 3 month commitment up front, with our job market being horrible, the price of health care, and much more. So with my feeling that we are nearing the finish line... I'm going to reverse my long- standing decision to not do month-to-month VIP for people. I'll send out more details later this week. Here's the weekly Q's: ===================== // ======================== Oh! I forgot to mention the Budget in my chat above. The Budget has been discussed a few more times since my last chat, and I feel that it's on pace to be passed by the 1st of the year if not sooner. I agree with you, a "W" is good but the Pack isn't looking too hot this year. "By the end of the year", or that they "need" to? Nope. Would that be a good thing? HECK YES! It's been a long road for sure! Iraq has overcame many obstacles. They were plunged almost into the dark ages only a short decade ago. Does it seem like forever? Yeah, I agree. But in the grand scheme of it all... they have made amazing progress and when it's all over, it won't seem like it took that long. Cheers To be honest, I don't mind too horribly when I find myself in a place with limited internet and incompatible power cords! I checked last week or so, I think Hillary was 6:1 odds to win and a $50 Trump bet will win $225 https://www.sportsbook.ag/sbk/sportsbook4/politics-betting/president.sbk I like where your head is Scuba! I'll put some thought into the NR combo - the next thing I'm going to do regarding VIP is roll out that monthly option. They look to be moving at about the same speed. I'm here to help you! Regarding VIP Post-RV, that answer has always been and will always be "NO". I actually think the campaign to take out ISIS in Mosul and surrounding areas is a very good thing! I also see current progress as 2 steps forward and 1 back most of the time. In my writings above, I think I even made the argument for 3 steps forward and only 1 back! The road was just much longer than any of us anticipated. Talk to you all soon! - Adam
  5. Good morning and Happy Wednesday! I don't see a need to make this update overly complicated, so... I won't! OIL: We saw negative prices recently, but it has shot back up to almost $40. This shouldn't come as a surprise - OIL is a necessary commodity, the world isn't going to stop using or needing it anytime soon, and Iraq has a lot. Conclusion: Good for Iraq. Also OIL: The recent OPEC+ agreement to cut production is partly responsible for the rise in price, but this article confirms what I've been saying for years - Iraq isn't really obligated, or inclined, to play by the "rules". The rules don't really apply to them, so why would they? Don't worry - that's a positive thing for us in the speculation game. We want Iraq to use every tool they have, and they are. GOI (Government of Iraq): Our new guy in office Kazzamie continues to plow through obstacles, protests against the former PMs are fading in the rear view mirror quickly, and the list of accomplishments is getting more impressive by the day. (This thread is at 6 pages and counting, and only started Monday! Solid work, @Mary B) More GOI: @DinarThug gave some attention to GOI matters, specifically the Budget and government salaries here. My opinion on the Budget is pretty simple: It doesn't have to be announced prior to an RV, the future rate of the Iraqi Dinar doesn't need to be published in it. However, the articles posted in that thread all have a similar "feel" - Kazzamie is weeding through the mess, doing positive things, moving the ship forward. Even more GOI: @yota691 brought us this article regarding Kazemi, and followed it with a couple of articles regarding a focus on preventing double taxation, referencing Kuwait... If you read the recent explanation of the Iraqi Budget and the Currency Auctions in Iraq, you know that Kuwait and Iraq have a unique situation... some of the details are murky, and hard to put in context, but it stands to reason that Iraq would create loopholes for themselves prior to announcing a significant change in the value of the currency. Kuwait will likely be first in line with their hands out, due to the legal agreement for reparations and the significant amount that is owed to Kuwait by Iraq. This stuff isn't rocket science! (I've linked to this Auctions and Budget post multiple times recently... that's a hint that it's important. ) Also noteworthy is an article DT posted in last week's Weekly update. If this kind of stuff doesn't put a smile on your face, nothing will! That's all I'm going to review for this morning - the summary here, if you hadn't figured it out yet (I'm sure you did!), is: POSITIVE with a side of GIDDY-UP. Go RRRVVVV!!!!! - Adam P.S. Get in our Powerball Pool! You can't win if you don't play, and your odds are better in a group.
  6. Good morning, and Happy Wednesday! Warning: This Weekly Update is coming in like a lamb and going out like a lion. Before we get into it, I want to thank you all for being the best dang group of people I've ever been associated with. Please know that I never take you for granted, and time after time you impress me with your heart and character - as evidenced time and again, in particular by the incredible outpouring of love, respect, and goodness in last week's update. Cheers to you all, God bless, and thank you. Lots of talk lately about the new PM (KaZAMi-Kablammie-Kademi-KaJustRValready!), exchange rate talk, the US pulling out of Iraqi bases, and of course - "more". There was a time when there wasn't much "more", but lately things are picking up steam - Parliament blazing through tasks, the newly appointed PM seems to almost have entered the scene un-noticed. What I mean by that is the last couple PMs were met with fierce opposition, riots, and outcry. I don't think for a minute that the Iraqi people are done fighting or they have lost their spirit - the fact that Kazammie is still in office, with no reports of (major) riots or protests, is an indicator that he could be "the one". A key part of the "more" is the Iraqi Budget, which is looming on the horizon. The Budget is a big deal, but do NOT expect to see an RV rate in it - in fact, I place very little importance on the Budget numbers. What IS important and relevant is a successful conclusion and announcement of the Budget. That can only happen when the bobbleheads in Parliament actually meet, pull out their pens, and sign the agreement. When that happens, it shows that Iraq is doing something positive, moving forward, and clearing the table for bigger items. The fact that Oil is returning to normal and sustainable price levels... well, that's just gravy. I'm not the only person who looks at that chart and feels hungry! One other component I think we need to keep on the radar is still the HCL. While we are seeing a lot of positive news on many other fronts, the HCL seems... suspiciously quiet. Over the last few weeks, I've been noticing a trend. The news pieces that I am privileged to share and break down for you all have not been the "simple and sometimes boring" topics that have plagued us for months at a time in the recent past. On the contrary, I've been finding that much of the news and the key parts of this complicated web of information are challenging to piece together. It's led to a few "doozies" lately... the recent post on the Iraqi Budget is a good example. That one took a lot of editing and deleting and starting over to break it down into a manageable post that wouldn't make people's eyes glaze over. Based on the responses from the community, I feel it was worth the time. As the year 2020 is progressing, I am seeing more and more information that is stitching together in very complex ways. It makes my "job" a bit harder, but also more satisfying... and it will be even more satisfying when all of these things meet up at the end. The HCL (Hydro Carbon Law) is extremely important. It covers a few things, perhaps most importantly is the money-sharing arrangement that it provides. I may do a longer explanation on this soon, but for this post I'll just state that Oil, the Transportation of Oil, the price of Oil, the intrinsic connection between Oil and Iraq's economy... this is a short list of why the HCL is important. The Middle East as a whole is a major producer of oil. Anything that is produced, and sold, needs to be transported to the consumer. While Iraq only has a small piece of the land that accesses the Gulf of Persia, they do have a sizable and important piece of the land that connects many paths that Oil must cross, and the HCL is vital to forward progress. Hang on to your seat as you read through this next bit: The recent Iran-Turkey pipeline incident, courtesy of the PKK (Kurds), is certainly going to have an affect... particularly since Turkey seems to not want anything to do with fixing it. This incident hurts Iran more than anyone, benefits Iraq, and Turkey comes out better as well - both politically, financially, and in terms of future positioning. That also comes back full circle to the HCL - eliminating Iran from the equation is a benefit to Iraq, and the HCL will be used to ensure that the Kurds get a larger portion of these benefits. Once again, when you look at the big picture it starts to make sense "why" the RV didn't happen yet. The dominoes have been being placed, one at a time, and the HCL just might be the force that starts them moving. I encourage everyone to read the links I posted in the above text. Piece that all together in your head, and get in VIP, because things are about to start happening REALLY FAST. GO HCL. GO RV. Best regards, all! Have a fantastic day and stay safe. - Adam P.S. If you hadn't noticed, I've been linking the relevant articles a lot lately instead of quoting them. This might be a little more work on your part to completely understand my posts, but I've received a lot of positive feedback from members as well. Feel free to chime in and let me know which you prefer! P.P.S. Our Powerball Pool is here. Get in!
  7. Good morning good morning! Happy Wednesday DinarVets, and welcome to another edition of "The Weekly". Hopefully it's one of the few remaining. 2020... what a year so far! I'm not going to comment on the current events because they don't really make a difference on the Iraqi Dinar, and it's a rant that I just don't feel like getting into this morning. I am curious to see what kind of "spike" we will see in corona cases, though, since there are suddenly gobs of people doing the exact opposite of "social distancing"... my guess is that there won't be any massive spike. Time will tell. Anyway! We made it through a couple months of invisible plague. Ramadan and Eid al-Fitr has passed. After a series of unsuccessful attempts at appointing a Prime Minister, Kazemi (RV Kazammy!!!) is approaching only two short months in office, but he's seriously kicking butt! We don't have an HCL agreement (yet), so we don't have an RV. But we are getting close. Kazammi is possibly the first political figure in a position to have a real chance at getting the HCL to pass. One of the reasons is stated on Wikipedia fairly well: https://en.wikipedia.org/wiki/Mustafa_Al-Kadhimi#:~:text=Al-Kadhimi was a vocal,of the Iraqi political parties. The HCL is a VERY polarized topic. In order for it to come together, a couple of opposing parties have to agree on it... and a neutral party as mediator is the best way to go. That's our guy Kazzami! These topics will get you up to speed on "the rest of the story" quickly: 1. Kazemi-Kazammi is not a Kurd, he's not "one of them", but the Kurds are supporting him. This has monumental potential: 2. Iran has lost their power. The "Iran factor" that has held Iraq back in the past is just that... the past. 3. Kazzami has reportedly made his picks, and Parliament should rubber stamp them next week. This is progress. They may not vote every one of them in, but 80% will be enough to move forward. 4. If you want the play-by-play, our fearless and tireless @yota691 has you covered. (tl;dr version: Parliament is working.) And on that note, my friends, I am wrapping up this Weekly. Life is good, things in the desert look positive, and GOOO RRRVVVV!!!!! - Adam
  8. Happy Wednesday everyone! I hate pushing these weekly updates back even an hour longer than necessary, but I'm slammed with obligations today.... which is unfortunate because I have a half written update that I'm enjoying writing! Feel free to take advantage of the "Reply" button below and post any questions you have, and I will continue later tonight or tomorrow morning. GOOOOO RRRRVVVVV!!!!! ======= ***Update: Weekly chat ended up on the second page HERE.
  9. Good afternoon and Happy Wednesday! Day 6jillion7bazillion876,9876,350,876 of the 'Rona lockdown. You would think, based on the initial presentation of the pandemic, that 50% of the world would be dead or at least partially zombified by now. We would think that poor countries with little access to health care and large scale poverty would be almost completely devastated by now, due to lack of masks and life saving governor's orders to stay home. Countries like Iraq should certainly be wiped out and pleading for mercy, perhaps unloading oil tankers into parking lots and using the VLCCs for storing dead bodies. And certainly during Ramadan, nothing would be happening that could be counted as progress. Especially with OIL taking the huge hit that it took recently! That is not the case. See, for example, here. And here. And here. And here. And here. And here. And... need I go on? Iraq is not only "fine", they are more than fine! They have weathered a monster hit to the price of oil without lowering their rate. They are surviving an unbelievable shakeup of their government, and tomorrow (Thursday) to May 8 look to be key dates for finalizing some more of that critical work. Don't get me wrong - I'm not saying Coronavirus was a "hoax". On the contrary, it has been devastating for some... and the economic damage may never be fully calculated. But the world did not end. We will move past all of this. And the Iraqi Dinar is still a very real item that holds a massive amount of potential. That's my message for today! I hope you are all well, safe, happy, and as healthy as possible. We have a great thread going right now in the VIP section (here) and one post in particular seemed like it needed to be included in the Weekly Update. If you're in VIP and you didn't comment in that thread, go check it out! Iran is a major factor in the current price of the Iraqi Dinar, I don't think anyone will disagree with that. I'm certain they do have a large amount of Iraqi Dinar, just like many other nations (including the US). And when this is actually "done", it may be that Iran and Iraq are at major odds, even flat out war, as a result of it all when we reach the next stage. The Middle East will always be at war. That's not something that keeps me up at night. To answer your final question - and probably the most important one in the post - I don't believe that Iran's possession of Iraqi Dinar will prevent Iraq from raising the value. It may impact the "how", but not the "if". Fine questions, sir. (As a result of that thread, I also posted a special VIP Q&A thread here. I'll be attending to that one on an ongoing basis for an unknown period of time. Join in!) That's it for this afternoon's Weekly Update!
  10. Good morning good morning! Wednesday, 13th of May - Year of the 'Rona. The year we saw historic losses in the financial markets, the first time OIL ever (ever) hit negative numbers, and the world changed in ways some of us never believed would happen. Everywhere we go now, things are slightly-to-a-lot different. Plexiglass sneeze guards at every store register, shower curtains between tables at restaurants in our future, sporting events without fans, and this is only the start. With unemployment at the worst since the Depression, possibly worse to come, and the government printing money like... well, like they usually do, just a little faster. The truth is that all of the events we are witnessing were bound to happen eventually - the "pandemic" simply expedited some of it. The US debt column has been on a steady incline, and that was not going to reverse. A world where we have a "responsible government" and a "balanced budget" is nothing more than wishful thinking. The good news? It doesn't matter. I mean that. It simply does not matter. We can complain all we want, but since the US Dollar went off the gold standard and became full fiat, we have been playing with pretend money, valued by nothing more than our imaginations. Yes, we can buy actual food with our dollars. We can trade these same dollars for a roof over our head and a vehicle to get us places. If we had looked at our crystal ball last year and invested in Netflix, or shorted travel related stocks, we'd be sitting fairly pretty! The interesting thing about wealth, and power, and luxury and money and toys and tools is that they are never really "lost" - they just get transfered, in a never ending shell game. There will always be winners, and losers, and much of that is decided on where you are when the dice are rolled. Iraq is no different. The currency of Iraq is no different than the currency of any other fiat based country - it's made up, yet the uses are real. And unlike COVID19... we are fully prepared for this one! (At least most of us are prepared - are you?) In the news: Iraqi Prime Minister Kazemi (RV-KAZAMMY!!!!!) is on a roll, moving things forward and acting in every way we want! In years past, not much was accomplished during Ramadan. This year, the Year of the 'Rona and much more - that does not appear to be the case! We are currently in the midst of Ramadan, yet Kazemi seems dead set on seating his cabinet before the end of the holiday. And, it actually looks like it's going to happen. That link was from four days ago, and then yesterday we see PM al-Kazemi reconfirming his commitment to wrapping this portion up in "the next few days". There is more, of course! There always is - I could spend hours tagging and writing and expanding on all of the positive momentum the Iraqi Dinar has right now, and it would just be a start. Fast work by Kazemi is awesome. Iraq having a Prime Minister stay seated and continue to impress us is an outstanding report. This could never have happened overnight, but the way things are going - I dare say "suddenly" is looming closer and closer. Bitcoin is in an interesting spot - the halvening happened, and BTC is currently hovering near $10,000. In my opinion, there is still time to get in while it's still cheap. You CAN buy a fraction of a bitcoin, which means you can put $100 or $1000 into it. Coinbase is an easy option. VIP is still open. You can NOT buy a fraction of a VIP package but at $49 for 3 months, you can get in and be prepared for about 54 pennies a day. It's the smart move, get in now! The Weekly Powerball Pool is here - join us! As always - be safe, be happy, be free, and GOOOO RRRRVVVV!!!!! - Adam
  11. Happy Wednesday, gang! This week seems to be off to a great start! The COVID ('Rona) scare is on the decline, but now we have Murder Hornets, and... will it ever end?! No. So let's move on, live life, love our families, and be happy. On to the topics! DJIA, S&P, GOLD, pretty much everything is up, including OIL... and that is music to our ears! Over in Iraq, we have a "still waters run deep" situation... do you remember all the ruckus that was in the news during the short durations of the previous Prime Ministers? I'm not hearing the same level of noise right now. Al-Kazemi, the current figurehead for the position, seems to just be on cruise control. He's zooming down the political highway and there doesn't seem to be much getting in his way. Check out this thread for the latest developments: Of course there is talk of disruption, but what's not being publicized is the actual progress - and there is plenty! It gets better: Link: https://dinarvets.com/forums/index.php?/topic/273912-the-last-scenes-before-the-vote-on-al-kazemi’s-government-20-ministries-will-be-presented-for-voting-in-todays-session-and-the-foreign-and-oil-ministries-will-be-excluded/ It is nice read something like that, but what they are NOT saying is much more important than what they ARE saying. Things are actually really good! In spite of my current optimism, we are at a critical point - things may turn in our favor quickly, and if they are going to turn right now... it is going to happen quickly, probably in the middle of our night, and without warning. They aren't going to give us too much of a head start, so we wait patiently and vigilantly. I'm ready to send emails and text messages! Last week we had a thread in the VIP section for member feedback, and it's given me a bit to work on. I'll be sending out some VIP emails as that progresses. A few more notes before I wrap this up for now: 1. Ever hear of Kim Clement? Check this out! 2. Hi, thanks for being a member here at DinarVets. Be sure to enter the Weekly Powerball Pool! 3. One of the responses in that VIP thread made me think about a tip on using the forums here - the "tags" are pretty handy! For example, you can find a listing of all of my Weekly updates by going into the "Chat Logs" forum and clicking any of the "tags" that say "Adam Montana Weekly". 4. Bitcoin is scheduled for a big event... "the halvening", coming in approximately 8 days. This is historically a big deal: That's it... for now. Be well, stay safe, and GOOO RRRRVVVV!!!! - Adam
  12. I know, I know... TWO "weekly" posts this week! Yesterday I touched on some issues, and opened it up for discussion. The feedback was extraordinary, as always! This topic is also open for feedback, so post away... but let's go over some things first. ===== /// brief interlude /// ===== Before we get going on this Update, I'm inserting a special LIMITED VIP discount. You'll see why this is a great time to use it later in the update! Use discount code "shakeup" for a sweet 29% off any of the VIP memberships here. VIP members - keep an eye out for a VIP email soon. ===== /// we now return you to the Update: /// ===== OIL rocked our world over the last 7 days... as mentioned (and continuing here), there was an unprecedented (never happened before) situation where WTI (OIL) went to $0, then negative. This has NEVER HAPPENED BEFORE. EVER. I even posted in a recent update that "oil will never be free", and the markets proved me wrong... because for a short window, negative prices means OIL was even better than free! Not that we could ever get paid to fill up our tanks, but I can admit when I am wrong. The markets have since began "correcting", with reverse splits and giants like USO completely changing their M.O. - on that note, I'd caution against buying OIL "stocks", on the assumption that the price "must" go up. Derivatives and futures are tricky and don't necessarily follow the normal rules, kind of like fiat currency that has a "value". I'll stop there before I get too deep in that rabbit hole, because there is more to discuss in this topic. On to Iraq. Today is the general start of Ramadan. In years past, I have always maintained the opinion that "nothing happens during Ramadan". I also stated that "oil will never be free", and I was wrong about that! I'm not going to say "two wrongs make a right", but this is a unique situation. The most unique, ever, in the history of the world, in fact. We are witnessing a financial shakeup never before seen, and barely even imagined. What is happening right now is so off-the-charts unexpected that I'm going to retract my former opinion... maybe something will get done during Ramadan! This from just yesterday (thanks @yota691!): To me, that actually seems realistic. Achievable. And it's a number they can work with! An interesting point regarding the oil and the value of IQD is this: the price per barrel is not nearly as important, for the value of their currency, as the amount they have in the ground. Also, it's not just "oil" that counts here - natural gas is important as well. Iraq has plenty, and until the world stops using OIL, Iraq will have a rightful place at the table. @Mary B and @Pitcher bring us these confirmations that Kazemi-KAZAMMI is working, moving things along: Add to that a landslide of news from earlier this week: More thanks to @DinarThug for this one... the Iraqi Stock Exchange had a short pause, but they are obviously back at it. Neither Ramadan nor 'Rona is stopping this train! Overall? This is nothing short of incredible, that the price of OIL can drop to negative and the world basically shuts down, yet the IQD Train keeps on chugging. And right now, right here at this very minute, we are smack dab in the middle of a shakeup in the markets, in the economy, in the world... that is going to change our lives forever. This is like 9/11 in the fact that our world will NEVER be the same after this. And that's why the discount code on VIP is "shakeup". I'm going to lock yesterday's thread, and encourage you all to continue the conversation here. Read below for my responses to some of the questions and comments that were posted yesterday. Go Iraq, and GOOO RRRVVVV!!!! - Adam ----- From yesterday's Weekly: I'm inclined to break tradition here. This Ramadan is different, and I'm leaving the door wide open. In a word: YES. The price per barrel of oil is a temporary situation. Iraq holding one of the largest physical stores of oil is not temporary. They are already talking about setting their budget on an amount much higher than current market. This situation with the price of oil will be remembered, but it will not last. YES! And they were told they would get no more than 2 billion dollars... that is nothing. We aren't the only ones who know that Iraq has the potential to solve their own problems. Time to GET IT DONE! Be careful with that... when you buy "oil stocks", you aren't necessarily buying the actual oil. You can still lose money on oil stocks, even though you are correct that the price will go back up. THAT is a multi-kajillion dollar question! @coorslite21 made a good comment on it here. It is not necessary to have it 100% completed. Looking at the progress by KAZAMMI I posted above, I think we are in the strike zone very shortly! Great post @Mr. G I agree with a lot of it. I'll clarify my position here: The price of OIL is a factor, not the factor. If Iraq were to suddenly run out of reserves, we would be having a different conversation. That's not the case, so bring on the RV! That's a great question, and one nobody will be able to answer. It will depend entirely on what the CBI dictates, and they can do anything they want. THIS IS A CRAZY TIME! In years past, I've always said "no" to that idea. I am NOT saying "no" this time! Sorry Happy Man! I don't think I saw your comment - can you repost it here in this thread? I'll keep an eye out for it. ======= GOOO RRRRVVVVVV!!!!!!!
  13. Good morning DinarVets! So, day 1,354,298 of the lockdown... we now know everyone's actual hair color, most of us have forgotten how to tie our shoes and "pants with buttons" are things of the past. Other things that have changed - Today would normally be "tax day" in the USA, but not in 2020! Thanks to the Kung Flu, that deadline has been extended to July 15. Everyone's personal situation is different, but I have to wonder how much more things are going to change between now and July 15... we can't just keep printing money and keeping people at home and expect it to all work out ok. Don't take that the wrong way - I'm in favor of social distancing during this time. But I'm also in favor of being real about the overall effects, both immediate and long term. The "dislike" button has been removed from DinarVets because I felt it was being abused and there are some members who only come here to hand out the rubies. Life is too short to be angry and bitter, my friends! I left the other reaction options - spread some love, you'll like it. ❤️ Bernie Sanders, Elizabeth Warren, and Barrack Obama have all officially endorsed Joe Biden as the man to take down Trump. I'm curious who you all believe he will choose for a running mate? Kamala Harris appears to be the odds favorite, but tell me what you think! On to the Dinar - education is key in many things, especially when it comes to just understanding how it works. I explained how the Auctions and the Iraqi Budget work in pretty simple terms recently (you can find that here), and this article posted yesterday by @DWS112 ties in to those topics. OIL is currently under $20 (WTI), which is unsustainable on many levels. The largest OPEC production cut in history was agreed to on Sunday, in an effort to get prices moving up again... the markets don't seem to be reflecting that yet, but I have no doubt that OIL will go back up. Here's the bottom line: 1. The world isn't going to stop using oil. Not even COVID-19 can make that happen. 2. OIL will never be free. Period, end of story, that's "all she wrote". Oil will never be free. With Iraq being in the top ranks of all OIL producing/selling/exporting countries in the world, it has a lifeline that will never go away. Not in our lifetimes, anyway! Perhaps the most interesting Iraqi thread of the week (so far!) is this one: I say "so far" because one of these days we're going to have a huge winner in the Powerball Pool, and it may as well be today!* Get in here. *The lottery is a random chance. The IQD is not random. But if you play the lottery, you may as well join us in there! That's all for this morning, my friends! Stay safe, stay clean, cover the coughs and wash the hands, and GOOO RRRRVVVVVV!!!!! - Adam
  14. Good morning and happy Wednesday! I don't know what to say here except: WOW. WOW. By now you've surely heard about the OIL markets, and I'm sure there are more questions than I could possibly anticipate... so I'm going to make a few comments and then just open this up for discussion. SO MUCH is happening right now, it's impossible to keep up with it all. Short summary: Oil (WTI) went to 0, and then it went negative. This is an unprecedented situation, as in it has never happened before, ever. Brent has since hit the lowest price since 1999. I'm not huge on conspiracy theories, but there has never been a stronger argument for them than now. Global shutdown, blamed on Corona (COVID), leads to plummeted demand for oil, which rocks the markets, sends oil to negative trading territory, OIL stocks reverse split, and we have to ask... ... what's next? Where is this going, and what is the end result going to be? The word that comes to mind is: SUDDENLY. I'm proud to say I'm part of DinarVets today, and for anyone wanting a better understanding of the situation as it unfolds - take a look at this thread: Out of all the places I go for information, I've seen some of the best information around posted right here on DinarVets, particularly in that thread. Last week we were talking about an OPEC agreement between Russia and the Saudis to limit production. This is a repeat conversation over the last few years, with OPEC members talking about reducing in order to prop up prices. Rounds and rounds of talks. Has that worked? No. Time after time over the last few years, we've heard about OPEC agreements to cut production and stabilize or raise the price of oil. That didn't work, so what happens? Corona comes in, and the market is FORCED to crash. OPEC couldn't get the job done, but Corona did. OIL will never, in our lifetimes, be "obsolete". We live in a fiat currency world, where "values" are defined not by gold or any other actual commodity you can hold in your hand. Value, such as the value of the dollars in your pocket, is arbitrarily defined in secret backroom meetings with sometimes nameless and faceless people in charge. Many of the things that happen in the stock market, crypto markets, and more, are the result of manipulations and end in riches for some, and poverty for others. This is no different. One fact remains true, regardless of the current villain being made popular by the MSM as they scare the sheeple into compliance, influencing their lifestyles and bank accounts day after day, and that fact is this: OIL, and the wealth it creates and sustains, will not be removed from our world anytime soon. OIL will remain part of our lives. Therefore, Iraq will not slide into oblivion... nor will it's bank accounts. I'm not worried about the dinar - we know it's going to increase in value, even though we don't know what will happen between now and then, and we don't know if "then" is tomorrow or June or next year. We are in the middle of a massive shakeup. I won't pretend to know how long it will take to reach a conclusion, but I am positive it will... and at the end of it, those who control the oil will still have the leverage to be powerful, valuable, and rich. Despite COVID, despite ISIS, despite elections and tsunamis and fads that are here today and gone tomorrow... Iraq has, in it's physical possession, a majority of THE commodity that is never in our lifetime going to be "worthless". We are in a good spot, holding little pieces of that commodity in the form of their currency, when all of the imaginary "value" in the world is so uncertain. Comments are open! Let's talk conspiracy theories and anything else that's on your mind in this incredibly crazy time. FYI - I have some of my own. I'm going to post them, and a special discount code for VIP, sometime before the end of the week. Let's gooooooo!!!!!! - Adam
  15. Happy Wednesday, DinarVets! Day 759,438 of lockdown. Coronavirus - we live in a new world since this started, and this new world will forever be different than the one we lived in a month ago. It's not just the threat of getting sick and dying that is shaking things up. Even with the immense stimulus packages flying off the shelves faster than jigsaw puzzles before Christmas, and another probable $250 billion in "free" money being dumped into the economy, we are still in completely unknown territory. Scammers are in full swing, like this popup "testing" station charging $240 per "HIPPA" approved test (it's "HIPAA", fyi!) and this deal on the world's tallest statue. Celebrities are once again proving their intellectual prowess with stuff like "5G is causing Corona!"... celebrities, stay home like everyone else please. For us non-celebrity types, we all need to stay safe and avoid stuff like this. Just looking out for you all! Some good and hopeful news, to hold onto during this time of panic and turmoil and the yet-to-be-determined long term effects... China has ended the Wuhan lockdown. This too shall pass. Markets - I'm no longer commenting on Markets. @Pitcher has been doing an incredible job of following up in the Weekly chats with his form of engaging and enlightening commentary, so I'll leave that to him so long as he is willing and able! Calendar - Passover (now), Easter (shortly), and Ramadan (upcoming). Happy (whatever-you-observe)! May your days be full of love and happiness. OIL - currently at WTI $24.xx, which I find to be a good thing. As much as we all like cheap pump prices, the big picture is more important than the quick fix, and plummeting prices were an indication of bad times ahead. The current stabilization is positive for the big picture. GOI - this is where things start getting interesting! I love to hear things like this: and this: Any and all failures for Iran as related to Iraq are welcome right now. Al-Zarfi, being the newly seated/"named" Prime Minister, is a name we are watching closely. More to come. Stay safe, wash your hands, get in our Powerball Pool, and Goooooo RRRRVVVVVVV!!!! Talk to you soon, - Adam
  16. 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.
  17. 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
  18. 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
  19. 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
  20. 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!!!!!
  21. 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
  22. 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
  23. 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
  24. 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
  25. 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:
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