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Keep Watching the Auctions and IGNORE the GURU's


Skybear
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We've said it before and it was right THEN and continues to say it right NOW: Keep watching the Sunday through Thursday Currency Auctions.

So long as the "OFFICIAL CBI BANK SITE" continues to show almost 2-dozen banks DUMPING their toilet-paper dinars at this toilet-paper rate, there IS NO RV, and will be NO RV THAT DAY! You can SAVE both the agony of your hearing more of their "make-it-up-as-they-go" BULLS*IT and wasting more of your valuable time even READING okie or jonnywg or Frank or anything whatsoever from PTR! Adam has done a pretty good job of NOT vomiting-out pure GARBAGE. Pay attention to him and WATCH the OFFICIAL Iraqi Central Bank Website!

You'll avoid a LOT of unnecessary and disappointing headaches from the likes of okie and friends!

If BANKS dump their toilet paper dinars for toilet paper pay. . .WHAT makes anyone even BELIEVE that an RV of THOUSANDS of times it's present value would also happen on that SAME DAY??? Do you think these DOZENS of participating banks are totally CLUELESS?

There is almost NO commonality between what happened in Kuwait and what IS happening in Iraq!

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We've said it before and it was right THEN and continues to say it right NOW: Keep watching the Sunday through Thursday Currency Auctions.

So long as the "OFFICIAL CBI BANK SITE" continues to show almost 2-dozen banks DUMPING their toilet-paper dinars at this toilet-paper rate, there IS NO RV, and will be NO RV THAT DAY! You can SAVE both the agony of your hearing more of their "make-it-up-as-they-go" BULLS*IT and wasting more of your valuable time even READING okie or jonnywg or Frank or anything whatsoever from PTR! Adam has done a pretty good job of NOT vomiting-out pure GARBAGE. Pay attention to him and WATCH the OFFICIAL Iraqi Central Bank Website!

You'll avoid a LOT of unnecessary and disappointing headaches from the likes of okie and friends!

If BANKS dump their toilet paper dinars for toilet paper pay. . .WHAT makes anyone even BELIEVE that an RV of THOUSANDS of times it's present value would also happen on that SAME DAY??? Do you think these DOZENS of participating banks are totally CLUELESS?

There is almost NO commonality between what happened in Kuwait and what IS happening in Iraq!

Goes to show everyone, this education campaign isnt about a rv, if iraqis are still getting rid of dinar.

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Goes to show everyone, this education campaign isnt about a rv, if iraqis are still getting rid of dinar.

The Iraquis are NOT getting rid of dinars. . .they are BUYING THEM BACK! These auctions are BUYING dinars from multiple banks at TOILET PAPER RATES!

Does anyone think these banks are STUPID"? Does anyone actually believe that if the dinar were SO CLOSE to an RV of THOUSANDS of times its current value that 20-30 banks would DAILY be selling off the dinars they hold for such GARBAGE rates?

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The CBI has been spending MULTIPLE BILLIONS of US Dollars buying back TRILLIONS of dinars! EVERY Islamic business day, Sunday through Thursday, the CBI has purchased back dinars. The "look-back" of the OFFICIAL SITE since January of LAST YEAR has shown more than 3 TRILLION DINARS have been bought back by the CBI using US Dollars.

#1. WHERE did they GET all this US Currency??? (Oh yes. . .I forgot. All those "MISSING" billions of M-1 Currency US Paper dollars that neither the US government, nor the Iraqi could account for!);

#2. IF the almighty IQD, so-called "STRONGEST" currency in the Middle East is to "shortly" become so valuable at ranges from 86 Cents to over 12-dollars. . . .WHY then are all these banks DUMPING IT??

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The Iraquis are NOT getting rid of dinars. . .they are BUYING THEM BACK! These auctions are BUYING dinars from multiple banks at TOILET PAPER RATES!

Does anyone think these banks are STUPID"? Does anyone actually believe that if the dinar were SO CLOSE to an RV of THOUSANDS of times its current value that 20-30 banks would DAILY be selling off the dinars they hold for such GARBAGE rates?

How do you explain, the huge demand for foreign currency the past month? the dinar had slid in the marketplace to about 1222. The cbi has flooded the market with dollars and its preferred by iraqis for obvious reasons. if these education campaigns were preparing iraqis for a 1000 time rv, there would be an increased demand for local currency, not the other way around. in fact, i believe thats why the cbi revalued last week. to slow the large demand for foreign currency by showing an increase in local currency. despite the small effect in the value, its about showing a positive gain in the right direction so iraqis have more faith in the dinar

Edited by truthful1
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How do you explain, the huge demand for foreign currency the past month? the dinar had slid in the marketplace to about 1222. The cbi has flooded the market with dollars and its preferred by iraqis for obvious reasons. if these education campaigns were preparing iraqis for a 1000 time rv, there would be an increased demand for local currency, not the other way around. in fact, i believe thats why the cbi revalued last week. to slow the large demand for foreign currency by showing an increase in local currency. despite the small effect in the value, its about showing a positive gain in the right direction so iraqis have more faith in the dinar

well if there's less dinars in the market that would make them more valuable.

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well if there's less dinars in the market that would make them more valuable.

That is very true....but these auctions are selling USD......

The govt sells the USD it gets from oil sales to the CBI for dinar, and then the CBI sells the USD to participating banks and makes a profit....

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well if there's less dinars in the market that would make them more valuable.

The demand would certainly go up, but the actual value would stay the same. It's an artificial rate right now so nothing will change based on the number of dinar in circulation until they "go public".

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Cbi sells dollars to convert to dinar to cover costs with goi. dollars are also sold to banks so iraqis can pay for imports, because the dinar is not tradable outside iraq. The goi would be able to pay nothing, no bills,salaries, etc. if all the dinar at auction was withdrawn. thats why it is recirculated back into the economy. the cash portion is where dinar is brought back in. the transaction is where its converted to cover costs and to provide a balance to maintain the exchange rate. if the cbi had brought in trillions and trillions the rate would have already reflected that kind of policy. yet all financials , audits show currency in circulation increasing, despite the auctions.

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That is very true....but these auctions are selling USD......

The govt sells the USD it gets from oil sales to the CBI for dinar, and then the CBI sells the USD to participating banks and makes a profit....

Hey Keep, I wondered if you were still around. Hope all is well! RV in 2012? What do you think?

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well if there's less dinars in the market that would make them more valuable.

Thats what happened last week. after the huge demand for the dollar, dinar was reduced, then magically the exchange rate moved as well. it makes since, when you look through that perspective. what we would need s for iraq to just use the dollar for payments and bills then we could drastically reduce the dinar. but as long as iraqs goi is paying bills in dinar, there will always be recirculation

Edited by truthful1
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We've said it before and it was right THEN and continues to say it right NOW: Keep watching the Sunday through Thursday Currency Auctions.

So long as the "OFFICIAL CBI BANK SITE" continues to show almost 2-dozen banks DUMPING their toilet-paper dinars at this toilet-paper rate, there IS NO RV, and will be NO RV THAT DAY! You can SAVE both the agony of your hearing more of their "make-it-up-as-they-go" BULLS*IT and wasting more of your valuable time even READING okie or jonnywg or Frank or anything whatsoever from PTR! Adam has done a pretty good job of NOT vomiting-out pure GARBAGE. Pay attention to him and WATCH the OFFICIAL Iraqi Central Bank Website!

You'll avoid a LOT of unnecessary and disappointing headaches from the likes of okie and friends!

If BANKS dump their toilet paper dinars for toilet paper pay. . .WHAT makes anyone even BELIEVE that an RV of THOUSANDS of times it's present value would also happen on that SAME DAY??? Do you think these DOZENS of participating banks are totally CLUELESS?

There is almost NO commonality between what happened in Kuwait and what IS happening in Iraq!

Skybear.................you are a real piece of work.

You used to come on here ranting how there would never be a RV because the CBI was selling pallet loads of IQD daily at the foreign currency auctions, using your misunderstanding of the auctions as a negative on this speculation. :blink:

Now......................here you are ranting there will never be a RV because the banks are buying foreign currency with there IQD going back to the CBI, making it a negative on this speculation. :blink:

So......................if your have any IQD, you should just sell it and find something to do that is more fun for you.................GO FISHING!..............for fish.............. :P

and......................if you don't hold any IQD...............why are you here???....................GO FISHING...................for fish..........................><>

If.........................you are doing this because you think that if everyone stops buying IQD it will RV.......................then OK..............but that won't work :( .............GO FISHING!

Edited by sportfisher
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We've said it before and it was right THEN and continues to say it right NOW: Keep watching the Sunday through Thursday Currency Auctions.

So long as the "OFFICIAL CBI BANK SITE" continues to show almost 2-dozen banks DUMPING their toilet-paper dinars at this toilet-paper rate, there IS NO RV, and will be NO RV THAT DAY! You can SAVE both the agony of your hearing more of their "make-it-up-as-they-go" BULLS*IT and wasting more of your valuable time even READING okie or jonnywg or Frank or anything whatsoever from PTR! Adam has done a pretty good job of NOT vomiting-out pure GARBAGE. Pay attention to him and WATCH the OFFICIAL Iraqi Central Bank Website!

You'll avoid a LOT of unnecessary and disappointing headaches from the likes of okie and friends!

If BANKS dump their toilet paper dinars for toilet paper pay. . .WHAT makes anyone even BELIEVE that an RV of THOUSANDS of times it's present value would also happen on that SAME DAY??? Do you think these DOZENS of participating banks are totally CLUELESS?

There is almost NO commonality between what happened in Kuwait and what IS happening in Iraq!

Thank you for the last line about Kuwait... there is ZERO commonality... 1990 Kuwait had billions in circulation and 2011 Iraq has 10's of trillions... History shows us what's going to happen.

Edited by DinarWatchDog
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Yeah, but Adam said the it is "possible" to have an RV the same day as an auction....

Adam: Correct me if I'm wrong here, but I thought you have mentioned this in one of your recent chats....

I'm not Adam, but it is possible. The foreign currency auctions will continue after a RV at the new rate and may not even pause for a RV, but it could.

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We've said it before and it was right THEN and continues to say it right NOW: Keep watching the Sunday through Thursday Currency Auctions.

So long as the "OFFICIAL CBI BANK SITE" continues to show almost 2-dozen banks DUMPING their toilet-paper dinars at this toilet-paper rate, there IS NO RV, and will be NO RV THAT DAY! You can SAVE both the agony of your hearing more of their "make-it-up-as-they-go" BULLS*IT and wasting more of your valuable time even READING okie or jonnywg or Frank or anything whatsoever from PTR! Adam has done a pretty good job of NOT vomiting-out pure GARBAGE. Pay attention to him and WATCH the OFFICIAL Iraqi Central Bank Website!

You'll avoid a LOT of unnecessary and disappointing headaches from the likes of okie and friends!

If BANKS dump their toilet paper dinars for toilet paper pay. . .WHAT makes anyone even BELIEVE that an RV of THOUSANDS of times it's present value would also happen on that SAME DAY??? Do you think these DOZENS of participating banks are totally CLUELESS?

There is almost NO commonality between what happened in Kuwait and what IS happening in Iraq!

I agree but a few things to remember , i was told kuwait had a auction that morning and later that afternoon it r.v'd. Also they can post anything they want doesn't have to mean that they really did a auction. They know speculators are watching them. I find it interesting how can you have a auction like 20 million and have nothing but zero's to the penny. Doesn't make sense and i've followed this for a long time.

Skybear.................you are a real piece of work.

You used to come on here ranting how there would never be a RV because the CBI was selling pallet loads of IQD daily at the foreign currency auctions, using your misunderstanding of the auctions as a negative on this speculation. :blink:

Now......................here you are ranting there will never be a RV because the banks are buying foreign currency with there IQD going back to the CBI, making it a negative on this speculation. :blink:

So......................if your have any IQD, you should just sell it and find something to do that is more fun for you.................GO FISHING!..............for fish.............. :P

and......................if you don't hold any IQD...............why are you here???....................GO FISHING...................for fish..........................><>

If.........................you are doing this because you think that if everyone stops buying IQD it will RV.......................then OK..............but that won't work :( .............GO FISHING!

DITTO :lol:

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Skybear.................you are a real piece of work.

You used to come on here ranting how there would never be a RV because the CBI was selling pallet loads of IQD daily at the foreign currency auctions, using your misunderstanding of the auctions as a negative on this speculation. blink.gif

Now......................here you are ranting there will never be a RV because the banks are buying foreign currency with there IQD going back to the CBI, making it a negative on this speculation. blink.gif

So......................if your have any IQD, you should just sell it and find something to do that is more fun for you.................GO FISHING!..............for fish.............. tongue.gif

and......................if you don't hold any IQD...............why are you here???....................GO FISHING...................for fish..........................><>

If.........................you are doing this because you think that if everyone stops buying IQD it will RV.......................then OK..............but that won't work sad.gif .............GO FISHING!

sportfisher,

it is YOU who are the piece of work! Listen to your diatribe!

The issue was then and remains the same NOW. It is NOT whether the dinar was first SOLD as garbage, and then later bought BACK, still as garbage. . .it is the fact that it was THEN and remains NOW still as GARBAGE!

Ranting is not the issue either, sportfisher. It is deception!

Deceiving people by lies pretending them to be FACT, or at the worst case as calling them just "INNOCENT" Rumors!

THOUSANDS of people have been horribly misled and CONTINUE to be duped by all the "make-it-up-as-they-go" huckster GURU's. Everything from the selling groups attempting to acquire a "fake" legitimacy by simply "listing" with the US Treasury as a currency handler. . .to the GURU's continued PUMPING for more sales by releasing one rediculous and unfounded hype after another ESPECIALLY all the garbage (from jonnywg, okie and SO MANY OTHERS since Christmas) that has permiated every blog on the internet: "WE EXPECT BETWEEN NOW AND IN THE MORNING WITH CASH-OUT BY TOMORROW" or. . ."WE'RE ON AN HOUR-BY-HOUR WATCH FOR IT TO BE ANYTIME!"

One rediculous, NEVER-supported or evidenced claim after the next. . .DAY-after-DAY-after-DAY! Including TODAY!

You should be HELPING people on this blog instead of making things worse.

For Example ------------------------------------------>

==============================

Footforward Tuesday Night Recording info - posted by Highhopes at PTR Forum

FOOTFORWARD: Hey, and sorry for jumping in here in the middle like this, guys. I hate to just drop in like this, but there's a couple things you guys really need to know. Please make sure this information gets out, but please make sure that it gets out correctly, and if you can, do it word-for-word. That's why I'd like to have this recorded and, ideally, just get people to listen to the recording so things don't get misconstrued.

Guys, we are still right on top of the RV. It's just gonna happen at any time. I don't have an exact time period. But as I've stated for several weeks, now, I'm still looking for this on an hour-by-hour basis, and there is a specific reason for that.

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Ranting is not the issue either, sportfisher. It is deception!

[/font]

Skybear.........you have totally lost it.

You don't even know what your angle is on this speculation, like a DOG barking from both sides of the fence.

If it's not ranting then fine, quit trying to deceive people. ;)

Skybear............you must be "AEROSPACE" in disguise huh :o

Edited by sportfisher
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