First Posted in VIP by Captain Wingnut

[tyron]

This was first posted by Captain Wingnut in VIP. Despite a request that he repost it on the general forums he was too modest to do it, so not to waste a good thing - here it is. Thank you Captain, and to the rest of you...Enjoy.

Shabs could really Pull the Trigger at any time.

However,

He and the other powers to be are wise men

and very in tune with the limitations

and outcomes of what these actions could, and will do.

I believe their primary concern (I would put it at about 98%)

is and will be all about what the RV actions will do

TO, and FOR Iraq,

while their secondary concern (the remaining 2%) will be

what the RV actions will do, for and to, the rest of the world.

Okay, so my percentages may be slightly off, but in the end I'll bet I'm close.

As with a gun that is loaded and cocked,

Pulling the trigger,

can happen at anytime

but pulling the trigger on any whim

or at any time is not always the best or SAFEST action.

No different than holding a loaded and cocked gun in your house.

You probably wouldn't pull the trigger

in your house,

simply because you could!

That would just NOT be a smart thing to do!

I mean pull the trigger just because you could.

Right?

Even though you have it loaded and ready to go

you would wait for the Right Time and the Right Place.

Iraq knows that the world is watching, (and panting and drooling)

for them to pull the trigger,

and I'll bet Shabs has his finger on that trigger 99% of the time.

But he's got to patiently wait for the right time to present its self.

Yes, they know that the rest of the world is holding IQD.

That fact came totally by Iraq's design

by selling it at auction to the world.

This was their way of making enough money

to keep the lights on (so to speak).

They also knew (and know) that the auctions would not work

if EVERYONE buying IQD

did not see a Future Value in it.

That's the old; What's In It For Me, idiom.

The IQD auctions work, not because people around the world

want the notes for a colorful substitute for wall paper,

they want them because of their perceived future value.

Everything we purchase, currency or commodity is done for it's

value, current or future.

The value in IQD is future OIL.

I believe from all that they do and say,

that they KNOW,

that the rest of the IQD holding world

is WAITING on them to make it more valuable than it was at auction.

(Auctions have a kind of "Implied" contract for future value and

only work when the buying party sees greater immediate

or future value in the item over what is paid for it.)

Do they LIKE the fact that the rest of the world holding IRQ is waiting on them like vultures circling?

NO!

It's painfully obvious that they don't want to OWE anyone, any more than

they absolutely have to,

but they also know that they created this monster by their auctions,

and even though they did it to keep the lights on

they know they will have to follow through with it and give that future value

or WAR will come right back to their doorstep

as too many governments, let alone individuals,

have put serious money into their infrastructure via IQD purchases at auction.

Can they do anything about the IQD held around the world?

Yes, but their options are very limited.

Can they do anything about the IQD held in Iraq?

ABSOLUTELY!

Anything they want or need

and we're seeing this right now more than ever.

I'll cover this more in a minute.

Too many posts here and elsewhere

are from people who so badly want

or need the RV to save them

from their financial misery

and because of that misery (or greed or desire)

they begin to look at the RV through the lenses of their own needs

and not what is actually happening

or needed from those who will actually do it.

This myopic view tends to lead one astray

down wishful paths of speculative dreaming.

We have a saying;

"Boots on Soil" or in other words;

BEING THERE!

If we first put our boots (in this case our minds)

on soil, in Iraq

and then take our speculation forward,

many times we have a totally different paradigm of the events.

It's the difference from looking OUT versus looking IN

and knowing the difference between the two.

Myopic view points come from people looking IN while

trying to convince themselves and others

that they are looking OUT!!

Please don't take me to say or think I'm an authority

or have any special info here that no one else has or can get.

I just study what I can and apply it with as much prudence as possible

to make my opinions!

We know that there are multiple reasons for Iraq NOT to RV (albeit they get fewer day by day)

and we myopically (and logically) have multiple reason for them TO RV if not immediately.

They have been on this path the entire time and when it is finally done,

we will all look back and probably say;

"Yup, probably couldn't have happened any other way for the circumstances."

Here is a link where they officially announced their intentions

to Re-Denominate their currency with a general date of occurrence (within one year).

The article was back on Feb 6, 2010

Iraq Planning Currency Redenomiination

Note in the article that they had INTENDED for this to only take a year

from the time of the press release

AND

Note that they fully expected to have TWO currencies on the street

simultaneously...

The timeline didn't work for political and occupational reasons, but the idea was sound.

I'll address this a little later.

It's been almost two years now and we've seen many positive steps completing this

but they didn't make that timeline either

as we've also seen set back after set back.

I'll also cover these in a minute

The question always pops up;

Do they have to, or

is it a MUST, that they be OUT of Chapter VII before they RV their currency?

To my knowledge, the answer is NO.

Sovereign countries have the right to do what they want with their currency.

Would it BENEFIT them to RV while in Chapter VII?

Again I believe NO is the answer.

This entire EVENT must be done with minimal

negative impact to the country of Iraq.

So being out of Chapter VII is probably desirable prior to RV as well as having

everyone "In Country" on the same page legally... i.e., Erbil and HCL laws.

OKAY,

Here's how I see the timeline.

1. HISTORY: Iraq needs income and because their GDP (oil production)

is so low after Saddam,

Iraq begins to sell IQD to the world as a primary income commodity.

Commodities are sold, auctioned and traded for two reasons,

intrinsic or future value

and we all know as I said before, that the world

is not buying dinar for its intrinsic (wall paper) value.

2. Iraq does NOT want to, and should NOT RV their currency while

massive triple zero notes are "In Country"

as this could easily cause civil war to break out,

or inadvertently finance terrorism,

not to mention their citizens becoming too rich too fast to even care

about working and building up their country,

plus about 30 more negative reasons.

If Iraq wants to be like Qatar they can certainly get there, but they will need

years of stability first, riches for the people second.

If they make the people rich first, they will not be stable.

If you don't know about Qatar a neighbor to the south of Iraq

you should study it. Everything there is FREE

to Qataris. EVERYTHING!

All based on their crazy rich Natural Gas reserves.

So how do they do that?

They have to get their people to GIVE UP their triple zero IQD notes willingly

and quickly, and preferably BEFORE they pull the trigger on the RV.

But HOW?

Originally I believed they were going to RV "In Country"

and use TWO currencies as noted in the news.

They would have put a higher Value

on the the new LOWER denominations,

and kept the current value on the higher denominations (basically keeping

the same value for their monetary system but with two different currencies).

They would allow both currencies to co-mingle on the streets and

quietly and systematically remove the triple zero notes.

The banking system would then just retire the higher notes as they came through

in exchange for smaller notes

just like all banking systems retire worn out currency.

HOWEVER,

in-fighting, and excessive political delays in passing laws

that should be in place to protect

this exchange have eaten up much of the time allotted

and now Iraq is coming down to the wire and seriously

needing value to their currency to continue.

Not to mention that if they took that "In Country" route, they might

just have all of the other nations VERY upset with them because it

would look as if Iraq was snubbing the world and going back

on their "Implied Contract for Value" from the auctions,

and Iraq can NOT afford to have the WORLD mad at them right now.

TODAY

The World and mainly the U.S. wants to be repaid for 10 years of giving and giving.

Plus,

Iraq is now Sovereign,

and every foreign company doing business with Iraq

who are there to help them build their infrastructure back

and allow them to come out of this on top

wants to be paid with something

other than

Pretty WALL PAPER!!

The problem is that it is seriously taking TOO long.

Currency auctions without backing up your currency with higher

value, (in this case oil) have a tendency to drive inflation UP

And backing up or strengthening the currency is... WAIT FOR IT....

The TRIGGER you're looking for to for the RV.

Inflation is a fickle thing.

Below 10% is typically controllable by the Central Bank and Government

but as it approaches 10% it will start to grow exponentially.

And that becomes a nightmare that is quickly out of your control.

Iraq can not afford out of control inflation because it will destroy them

faster than a civil war.

Shabs knows this

and the world has seen Iraq teetering on this edge for a while now.

That's why I believe he has his finger on that TRIGGER 99% of the time

because as soon as he can RV their currency

it will KILL inflation.

THEN IT HAPPENED...

Dr. Shabs had an idea.

He saw something happening in the world that could get them back on track

and in control,,, FAST.

The European EVENT.

In October-November 2011 the European economic melt down started a phenomenon.

The phenomenon was this:

European's out of their fear of the Euro failing

were trading Euro's for USD on a massive scale

so much so that the USD started to climb in value around the world just from demand.

Note: There are posts all over during this time frame with people wondering why the change in dinar value.

It was only because the US Dollar was getting slightly stronger because of world demand that changed

the value against the dinar... CBI had done nothing to change its value.

So,

Shabs has his number one "mini me" Saleh, "Leak" word

that the IQD was weakening against the USD

Just a LEAK.

WAS IT TRUE?

Yes, but only half so.

As I said, the IQD was truly weakening against the dollar

but because of European events,

not because of the Iraqi events.

Now if you were "Boots on Soil" in Iraq at that time,

you would have noticed something else happening.

You would have noticed that there were less and less

US DOLLARS in circulation.

Combine THAT with Saleh's "Leak" and it

might just PANIC you into thinking that

your country's monetary value was AGAIN falling off the edge of the world.

WHAT'S THE GOAL?

The ULTIMATE Goal NECESSARY to make the RV possible

with the least injury to Iraq,

would be to get the Iraqi people to Voluntarily and Quickly,

TURN IN their Triple Zero Notes!!!

TRUTH;

The real reason for less USD on the streets (in the market place)

was because all of the US troops had just left

and no more NEW USD was coming into the market place on paydays!!

You may sneer and ask;

How could they do this and get away with it?

They can do this very easily because communication

in Iraq is still not up to speed for the common people.

They only have an hour or two (at best) of electricity each day

and the only other news they have is the GAZETTE (the Governments Newspaper) and word of mouth!!

Okay, so the SCARE tactic worked.

Trillions of dinar has poured into Iraqi banks for almost 2 months now due to the panic,

Iraqi citizens RAN to the banks trading IQD for USD

because they were feeling like their own countries money

was AGAIN loosing value and the True VALUE was in the US Dollar.

So here's where we come to your observation SDB MIKE

I believe you're right, that Shabs will wait until there is a MINIMAL amount of

dinar in country,

BUT

I believe that day is closer than you think.

The problem that I have posed in our think tank for a LONG time is this:

If all you have on the streets of Iraq is triple zero notes

and you RV the notes to HIGHER value,

HOW DO YOU MAKE CHANGE without lower denominations??

You've got to get the lower denom's onto the street,

OR

Have an alternate way to make change!

Shab's figured out how to do this in

THREE EASY STEPS

And it's happening RIGHT NOW!

1. Get the people to turn in their IQD for USD ---DONE, in the history books

2. Restore confidence in the IQD

__a. Raise the value of the IQD against the USD slightly ---DONE... HAPPENED LAST WEEK 1170 to 1166

__b. Press release that "All is Well" ---HAPPENED TODAY CBI Restores Confidence in IQD

3. Revalue the currency to Match the USD already on the streets,

Now they can release the lower IQD denominations (that match the currency already on the streets)

and retire the USD as it comes into the banks replacing it with IQD of equal value.

This is the Magical Pixie Dust for the Iraqi government and CBI.

1. Iraqi People get rid of their 000 notes VOLUNTARILY and FAST

2. Iraqi People use USD for their TEMPORARY monetary system and now have the ability to make change.

3. CBI can easily control how fast the new currency goes out to the street without stressing the country or economy.

HOW DOES THE CBI CONTROL IT?

If the CBI wants the exchange of USD for IQD to occur faster, all they have to do is put

more confidence in the IQD versus the USD... (i.e., revalue it again just slightly higher 1.16 USD to 1 IQD)

That will trigger another massive "fear of loss" exchange event

and would ensue and USD would fly off the street for IQD.

Another Teaser Note:

1.17 to 1 is the just the opposite of current CBI exchange rate of 1 to 1166 (just move the decimal points to 1.166!!)

and THIS amount fits PERFECTLY with their wants and projected budget needs.

As I said earlier, the Iraqi Government and CBI knows the rest of the world is watching

and they do NOT want to owe anyone any more

than they possibly have to,

so they can NOT afford to send up a

signal flare saying WE'RE ABOUT TO RV...

because that would be a

BUY, BUY, BUY signal...

which would crush them.

Right now if they change the auction rate too much they will send up the

RV flares and cause a world buying spree, but with USD already on the streets

the RV can come with a wave of the wand or Pull of the TRIGGER!

While this event was not designed

for the rest of the world,

it still works GREAT for EVERYONE.

I believe that I saw an article (perhaps someone can find it and post it)

that stated that they already

have LOWER denom's printed and ready to go....

So where are they keeping them?

They're probably in secure CBI warehouses.... NOT in the BANKS.

If they were to start moving the lower denoms to the banks

THAT folks would be a signal worth acting on...

But if the Iraqi citizens are using USD and can already MAKE CHANGE

for sales in the market place,

The CBI can now do the RV without any fanfare or notice

and afterward, move their lower denom's to the banks unencumbered.

Okay, we're finally seeing this ALL come to fruition.

Just a week ago we saw the CBI change their artificial float rate from 1170 to 1166

which was the first step in reassuring the Iraqi people that their IQD is getting stronger.

Which by the way, the Iraqi people no longer have in great quantity.

This should already be wetting their appetite for their IQD again.

(This action is like taking your foot off the gas pedal as you approach the exit coming off the freeway/turnpike)

and TODAY Shabibi took action to slow it down even more...

CBI seeks to restore confidence in the local currency against the dollar

(This is totally akin to applying pressure to the BRAKE to slow the vehicle down as you prepare to make

the BIG TURN to a new direction as you get off the speedway.)

If I were looking for a SIGN

that the CBI was believing that they were seeing

the LAST of the Triple Zero notes

trickling in from "In Country",

THIS WOULD BE IT.

With this article, the CBI now wants the Iraqi citizens to Have Faith

in their IQD...OVER THE US DOLLAR... AGAIN!

The people are now using USD and can make change.

Here you go,

They can now RV and have TWO currencies on the street

at the same time as I showed you above.

All the government needs to do now is get the

Iraqi people to exchange their USD for IQD

And the way they do that is to RV...

Then they can swap out the USD for IQD at their own pace,

without panicking the world into massive

buying of dinar and owing even more.

So,

the next step in my humble opinion is the RV YEA!!!

and simultaneous release of lower the denominations.

This of course will come just as soon as they have the final

security and laws in place to protect the event.

We're seeing all of the positive movement from Iraq to

finalize many laws and budgets this week,

and it would appear that they have just about dotted

all of their 'i's" and crossed all of their "T's"

Go RV.

Read more: http://dinarvets.com.../#ixzz1kamiThB4

Read more:

[luvalife]

What a GREAT read!!! Probably one of the most informative pieces I have read here!!! Hats off to you Capt. Wingnut!

[Mgigs]

I agree good stuff. Maybe we get a finger slip and the trigger gets pulled.

[yota691]

I gave you a +1

[KiaKaha]

Thanks for bringing this over, tyron, and thanks Captain for laying it all out for us to read. Makes more sense now.

KK

[precious1]

Wow, what a wonderfully well thought and written piece!

Sometimes, I do feel we read all these articles and our opinions start to sway with the negative or positive feel the articles impart to us, rather than being a good detective like Capt Wingnut is! Bravo!!

I really needed to read something positive that had some real meat on the bone! This really makes good sence to me and it was right there all along.

Thank you Tyron for bringing this to share with all of us!

[Nelg]

Very well written, and according to the information you (we) have, the logic is credible. I sincerely hope you are correct. How does what you say match up with the article, An Interview with John Jagerson which was posted today? I would like to here your analysis based on your article.

Thanks for the post. It was a good read. And, thanks for keeping it simple and not jammed up into one paragraph!

[d188601]

This is GREAT!!, My heart is just a pumping!!

[CaptainWingnut]

We all have our 15 minutes...

Thanks all..

I was just about to repost it... been real busy at the office!!

Here's the essay with links

What will trigger the RV?

What are the timelines and events that will finally kick this off?

This question was posted in the VIP section of which I gave this reply.

The VIP members suggested that I post it in the General Forums

for everyone.

JUST THINK WHAT YOU'RE MISSING BY NOT BEING IN THE VIP!!

Here's my Opinion from 40,000 feet on:

1. What I believe will be the trigger for the RV and

2. What the potential rates would logically shake down to.

This is an ESSAY in the form of Timelines, History

and of course my Educated Opinion on ALL of the pertinent issues.

OKAY...Ready?

As far as my research, knowledge, intel, timelines,

conclusions and intuition goes

I believe the "Gun" is already loaded and cocked,

and with that I also believe that

Shabs could really Pull the Trigger at any time.

However,

He and the other powers to be are wise men

and very in tune with the limitations

and outcomes of what these actions could, and will do.

I believe their primary concern (I would put it at about 98%)

is and will be all about what the RV actions will do

TO, and FOR Iraq,

while their secondary concern (the remaining 2%) will be

what the RV actions will do, for and to, the rest of the world.

Okay, so my percentages may be slightly off, but in the end I'll bet I'm close.

As with a gun that is loaded and cocked,

Pulling the trigger,

can happen at anytime

but pulling the trigger on any whim

or at any time is not always the best or SAFEST action.

No different than holding a loaded and cocked gun in your house.

You probably wouldn't pull the trigger

in your house,

simply because you could!

That would just NOT be a smart thing to do!

I mean pull the trigger just because you could.

Right?

Even though you have it loaded and ready to go

you would wait for the Right Time and the Right Place.

Iraq knows that the world is watching, (and panting and drooling)

for them to pull the trigger,

and I'll bet Shabs has his finger on that trigger 99% of the time.

But he's got to patiently wait for the right time to present its self.

Yes, they know that the rest of the world is holding IQD.

That fact came totally by Iraq's design

by selling it at auction to the world.

This was their way of making enough money

to keep the lights on (so to speak).

They also knew (and know) that the auctions would not work

if EVERYONE buying IQD

did not see a Future Value in it.

That's the old; What's In It For Me, idiom.

The IQD auctions work, not because people around the world

want the notes for a colorful substitute for wall paper,

they want them because of their perceived future value.

Everything we purchase, currency or commodity is done for it's

value, current or future.

The value in IQD is future OIL.

I believe from all that they do and say,

that they KNOW,

that the rest of the IQD holding world

is WAITING on them to make it more valuable than it was at auction.

(Auctions have a kind of "Implied" contract for future value and

only work when the buying party sees greater immediate

or future value in the item over what is paid for it.)

Do they LIKE the fact that the rest of the world holding IRQ is waiting on them like vultures circling?

NO!

It's painfully obvious that they don't want to OWE anyone, any more than

they absolutely have to,

but they also know that they created this monster by their auctions,

and even though they did it to keep the lights on

they know they will have to follow through with it and give that future value

or WAR will come right back to their doorstep

as too many governments, let alone individuals,

have put serious money into their infrastructure via IQD purchases at auction.

Can they do anything about the IQD held around the world?

Yes, but their options are very limited.

Can they do anything about the IQD held in Iraq?

ABSOLUTELY!

Anything they want or need

and we're seeing this right now more than ever.

I'll cover this more in a minute.

Too many posts here and elsewhere

are from people who so badly want

or need the RV to save them

from their financial misery

and because of that misery (or greed or desire)

they begin to look at the RV through the lenses of their own needs

and not what is actually happening

or needed from those who will actually do it.

This myopic view tends to lead one astray

down wishful paths of speculative dreaming.

We have a saying;

"Boots on Soil" or in other words;

BEING THERE!

If we first put our boots (in this case our minds)

on soil, in Iraq

and then take our speculation forward,

many times we have a totally different paradigm of the events.

It's the difference from looking OUT versus looking IN

and knowing the difference between the two.

Myopic view points come from people looking IN while

trying to convince themselves and others

that they are looking OUT!!

Please don't take me to say or think I'm an authority

or have any special info here that no one else has or can get.

I just study what I can and apply it with as much prudence as possible

to make my opinions!

We know that there are multiple reasons for Iraq NOT to RV (albeit they get fewer day by day)

and we myopically (and logically) have multiple reason for them TO RV if not immediately.

They have been on this path the entire time and when it is finally done,

we will all look back and probably say;

"Yup, probably couldn't have happened any other way for the circumstances."

Here is a link where they officially announced their intentions

to Re-Denominate their currency with a general date of occurrence (within one year).

The article was back on Feb 6, 2010

Iraq Planning Currency Redenomiination

Note in the article that they had INTENDED for this to only take a year

from the time of the press release

AND

Note that they fully expected to have TWO currencies on the street

simultaneously...

The timeline didn't work for political and occupational reasons, but the idea was sound.

I'll address this a little later.

It's been almost two years now and we've seen many positive steps completing this

but they didn't make that timeline either

as we've also seen set back after set back.

I'll also cover these in a minute

The question always pops up;

Do they have to, or

is it a MUST, that they be OUT of Chapter VII before they RV their currency?

To my knowledge, the answer is NO.

Sovereign countries have the right to do what they want with their currency.

Would it BENEFIT them to RV while in Chapter VII?

Again I believe NO is the answer.

This entire EVENT must be done with minimal

negative impact to the country of Iraq.

So being out of Chapter VII is probably desirable prior to RV as well as having

everyone "In Country" on the same page legally... i.e., Erbil and HCL laws.

OKAY,

Here's how I see the timeline.

1. HISTORY: Iraq needs income and because their GDP (oil production)

is so low after Saddam,

Iraq begins to sell IQD to the world as a primary income commodity.

Commodities are sold, auctioned and traded for two reasons,

intrinsic or future value

and we all know as I said before, that the world

is not buying dinar for its intrinsic (wall paper) value.

2. Iraq does NOT want to, and should NOT RV their currency while

massive triple zero notes are "In Country"

as this could easily cause civil war to break out,

or inadvertently finance terrorism,

not to mention their citizens becoming too rich too fast to even care

about working and building up their country,

plus about 30 more negative reasons.

If Iraq wants to be like Qatar they can certainly get there, but they will need

years of stability first, riches for the people second.

If they make the people rich first, they will not be stable.

If you don't know about Qatar a neighbor to the south of Iraq

you should study it. Everything there is FREE

to Qataris. EVERYTHING!

All based on their crazy rich Natural Gas reserves.

So how do they do that?

They have to get their people to GIVE UP their triple zero IQD notes willingly

and quickly, and preferably BEFORE they pull the trigger on the RV.

But HOW?

Originally I believed they were going to RV "In Country"

and use TWO currencies as noted in the news.

They would have put a higher Value

on the the new LOWER denominations,

and kept the current value on the higher denominations (basically keeping

the same value for their monetary system but with two different currencies).

They would allow both currencies to co-mingle on the streets and

quietly and systematically remove the triple zero notes.

The banking system would then just retire the higher notes as they came through

in exchange for smaller notes

just like all banking systems retire worn out currency.

HOWEVER,

in-fighting, and excessive political delays in passing laws

that should be in place to protect

this exchange have eaten up much of the time allotted

and now Iraq is coming down to the wire and seriously

needing value to their currency to continue.

Not to mention that if they took that "In Country" route, they might

just have all of the other nations VERY upset with them because it

would look as if Iraq was snubbing the world and going back

on their "Implied Contract for Value" from the auctions,

and Iraq can NOT afford to have the WORLD mad at them right now.

TODAY

The World and mainly the U.S. wants to be repaid for 10 years of giving and giving.

Plus,

Iraq is now Sovereign,

and every foreign company doing business with Iraq

who are there to help them build their infrastructure back

and allow them to come out of this on top

wants to be paid with something

other than

Pretty WALL PAPER!!

The problem is that it is seriously taking TOO long.

Currency auctions without backing up your currency with higher

value, (in this case oil) have a tendency to drive inflation UP

And backing up or strengthening the currency is... WAIT FOR IT....

The TRIGGER you're looking for to for the RV.

Inflation is a fickle thing.

Below 10% is typically controllable by the Central Bank and Government

but as it approaches 10% it will start to grow exponentially.

And that becomes a nightmare that is quickly out of your control.

Iraq can not afford out of control inflation because it will destroy them

faster than a civil war.

Shabs knows this

and the world has seen Iraq teetering on this edge for a while now.

That's why I believe he has his finger on that TRIGGER 99% of the time

because as soon as he can RV their currency

it will KILL inflation.

THEN IT HAPPENED...

Dr. Shabs had an idea.

He saw something happening in the world that could get them back on track

and in control,,, FAST.

The European EVENT.

In October-November 2011 the European economic melt down started a phenomenon.

The phenomenon was this:

European's out of their fear of the Euro failing

were trading Euro's for USD on a massive scale

so much so that the USD started to climb in value around the world just from demand.

Note: There are posts all over during this time frame with people wondering why the change in dinar value.

It was only because the US Dollar was getting slightly stronger because of world demand that changed

the value against the dinar... CBI had done nothing to change its value.

So,

Shabs has his number one "mini me" Saleh, "Leak" word

that the IQD was weakening against the USD

Just a LEAK.

WAS IT TRUE?

Yes, but only half so.

As I said, the IQD was truly weakening against the dollar

but because of European events,

not because of the Iraqi events.

Now if you were "Boots on Soil" in Iraq at that time,

you would have noticed something else happening.

You would have noticed that there were less and less

US DOLLARS in circulation.

Combine THAT with Saleh's "Leak" and it

might just PANIC you into thinking that

your country's monetary value was AGAIN falling off the edge of the world.

WHAT'S THE GOAL?

The ULTIMATE Goal NECESSARY to make the RV possible

with the least injury to Iraq,

would be to get the Iraqi people to Voluntarily and Quickly,

TURN IN their Triple Zero Notes!!!

TRUTH;

The real reason for less USD on the streets (in the market place)

was because all of the US troops had just left

and no more NEW USD was coming into the market place on paydays!!

You may sneer and ask;

How could they do this and get away with it?

They can do this very easily because communication

in Iraq is still not up to speed for the common people.

They only have an hour or two (at best) of electricity each day

and the only other news they have is the GAZETTE (the Governments Newspaper) and word of mouth!!

Okay, so the SCARE tactic worked.

Trillions of dinar has poured into Iraqi banks for almost 2 months now due to the panic,

Iraqi citizens RAN to the banks trading IQD for USD

because they were feeling like their own countries money

was AGAIN loosing value and the True VALUE was in the US Dollar.

I believe that Dr. Shabs will wait until there is a MINIMAL amount of

dinar in country,

BUT

I believe that day is closer than many people think.

The problem, that I have posed in our think tank for a LONG time is this:

If all you have on the streets of Iraq is triple zero notes

and you RV the notes to HIGHER value,

HOW DO YOU MAKE CHANGE without lower denominations??

You've either got to get the lower denom's onto the street,

OR

Have an alternate way to make change from a business transaction!

Shab's figured out how to do this in

THREE EASY STEPS

And it's happening RIGHT NOW!

1. Get the people to turn in their IQD for USD ---DONE, in the history books

2. Restore confidence in the IQD

__a. Raise the value of the IQD against the USD slightly ---DONE... HAPPENED LAST WEEK 1170 to 1166

__b. Press release that "All is Well" ---HAPPENED SUNDAY CBI Restores Confidence in IQD

3. Revalue the currency to Match the USD already on the streets,

Now they can release the lower IQD denominations (that match the currency already on the streets)

and retire the USD as it comes into the banks replacing it with IQD of equal value.

This is the Magical Pixie Dust for the Iraqi government and CBI.

1. Iraqi People get rid of their 000 notes VOLUNTARILY and FAST

2. Iraqi People use USD for their TEMPORARY monetary system and now have the ability to make change.

3. CBI can easily control how fast the new currency goes out to the street without stressing the country or economy.

HOW DOES THE CBI CONTROL IT?

If the CBI wants the exchange of USD for IQD to occur faster, all they have to do is put

more confidence in the IQD versus the USD... (i.e., revalue it again just slightly higher 1.16 USD to 1 IQD)

That will trigger another massive "fear of loss" exchange event

and would ensue and USD would fly off the street for IQD.

Another Teaser Note:

1.17 to 1 is the just the opposite of current CBI exchange rate of 1 to 1166 (just move the decimal points to 1.166!!)

and THIS amount fits PERFECTLY with their wants and projected budget needs.

As I said earlier, the Iraqi Government and CBI knows the rest of the world is watching

and they do NOT want to owe anyone any more

than they possibly have to,

so they can NOT afford to send up a

signal flare saying WE'RE ABOUT TO RV...

because that would be a

BUY, BUY, BUY signal...

which would crush them.

Right now if they change the auction rate too much they will send up the

RV flares and cause a world buying spree, but with USD already on the streets

the RV can come with a wave of the wand or Pull of the TRIGGER!

While this event was not designed

for the rest of the world,

it still works GREAT for EVERYONE.

I believe that I saw an article (perhaps someone can find it and post it)

that stated that they already

have LOWER denom's printed and ready to go....

So where are they keeping them?

They're probably in secure CBI warehouses.... NOT in the BANKS.

If they were to start moving the lower denoms to the banks

THAT folks would be a signal worth acting on...

But if the Iraqi citizens are using USD and can already MAKE CHANGE

for sales in the market place,

The CBI can now do the RV without any fanfare or notice

and afterward, move their lower denom's to the banks unencumbered.

Okay, we're finally seeing this ALL come to fruition.

Just a week ago we saw the CBI change their artificial float rate from 1170 to 1166

which was the first step in reassuring the Iraqi people that their IQD is getting stronger.

Which by the way, the Iraqi people no longer have in great quantity.

This should already be wetting their appetite for their IQD again.

(This action is like taking your foot off the gas pedal as you approach the exit coming off the freeway/turnpike)

and TODAY Shabibi took action to slow it down even more...

CBI seeks to restore confidence in the local currency against the dollar

(This is totally akin to applying pressure to the BRAKE to slow the vehicle down as you prepare to make

the BIG TURN to a new direction as you get off the speedway.)

If I were looking for a SIGN

that the CBI was believing that they were seeing

the LAST of the Triple Zero notes

trickling in from "In Country",

THIS WOULD BE IT.

With this article, the CBI now wants the Iraqi citizens to Have Faith

in their IQD...OVER THE US DOLLAR... AGAIN!

The people are now using USD and can make change.

Here you go,

They can now RV and have TWO currencies on the street

at the same time as I showed you above.

All the government needs to do now is get the

Iraqi people to exchange their USD for IQD

And the way they do that is to RV...

Then they can swap out the USD for IQD at their own pace,

without panicking the world into massive

buying of dinar and owing even more.

So,

the next step in my humble opinion is the RV YEA!!!

and simultaneous release of lower the denominations.

This of course will come just as soon as they have the final

security and laws in place to protect the event.

We're seeing all of the positive movement from Iraq to

finalize many laws and budgets this week,

and it would appear that they have just about dotted

all of their 'i's" and crossed all of their "T's"

Go RV.

[GinaG]

That was a "GREAT" read! Thank you so much Captain Wingnut.

[Elixirbaby]

Awesome.

Go RV

[tyron]

Here's a request - instead giving me any more (+)s please leave a comment, so the the Captain stays on the board longer and more people get to read him. Many thanks.

[jimsom999]

hi, i have read alot of stuff all over the intel and had saw were it said that the iraq dinar has allready been rv ed in there country

so why not here? i think it has but only to a select group gov people have cashed in.what do u think on this?

[TonyDownTheShore]

This is a great read, I hope it happens just like the Capt. said, thanks for the post

[Unitedrich]

This is a great read, I hope it happens just like the Capt. said, thanks for the post

Agreed Tony! Great logical thinking and informed opinion. Thanks Tyron for bringing it, and Cap'n for your insight! UR

[caz1104]

Thank you Capt for the well thought out opinion piece. I hope all you stated comes to pass. Best to all that strive to be the Best.

[Carrello]

Very well written, and according to the information you (we) have, the logic is credible. I sincerely hope you are correct. How does what you say match up with the article, An Interview with John Jagerson which was posted today? I would like to here your analysis based on your article.

Thanks for the post. It was a good read. And, thanks for keeping it simple and not jammed up into one paragraph!

I am interested about the Jagerson article too. We have some very qualified, intelligent people commenting, although having very different views of the outcome, and I hope Jagerson is wrong.

I will have to find the interview here and can't wait to read the comments. Boy, it did not take long to get from the originating site to over here, and of course, the originating site is a box is a box of Pandora, in and of itself, isn't it?

[Abarvets]

Wow, interesting. I had not thought through all those steps. I had leaned toward the wait of an RV because of their neighbors Iran and Syria. Trying to deplete their foreign currency holdings so there would be no repercussions to Iraq when they finally pushed the button. As their citizens have flocked to the border to exchange their now worthless currencies for dollars. Irans banks were rumored to be buying USD at Iraq's currency auctions.

Thank you very much for posting! Really enjoyed reading your thoughts.

[Darin]

Long and interesting read, but it was most definitely enjoyable.

Has anyone ever asked.... "If citizens were only allowed to carry 200k ($172 value) outside the country, how do so many foreign speculators (You & I) hold IQD?

People purchase $1,000s+ through dealers at a given time. Obviously, the CBI must have decided to sell their currency to foreign entitiies full well knowing why they purchased it.

Every peson did not purchase IQD in the idea that the value would remain the same or decrease, as we bought it with the idea the value would go up.

The "future" value, is what we want to see...

I view currency of a country like stock of a company. The performance of a company generally dictates the value of a stock along with other minimal factors (i.e., mergers, CEO resignations, etc. etc.)

The same can be said for the countries, as if they perform well they maintain or increase the value.

With that thought in mind, it has always bothered me to think how within a 3 year period the rate would remain stable as it would have to be obvious that the country is only performing better and becoming more stable. Every day they produce more & more oil & export it. Every day, more and more deals are made and contracts signed. Every day, more and more businesses are setting up shop in hopes of returns on invetments.

The recent change of 0.34% is not exactly what I would consider a great increase by any means. It was a small pip movement that if anything was maybe to draw locals to regain confidence back into the IQD? That would make a whole lot of sense.. If the money were to show that it could potentially gain value, it would draw others to return back to using IQD as the value may continue to rise.

But, is this a simple tease, or will the next move be even bigger? If this was just a tease, people may not convert and remain where they are or if they do convert back to IQD they may find that they are better off holding USD instead. Falling values obviously show what happens, people dump and run to safehaven currencies.

Would it be wise to R/V w/ 000s in-country? It will happen no matter what, but, if you reduce your in-country holdings as much as possible it won't have a big impact on the economy. See, if everyone is suddenly extremely wealthy, it will mean that too many people with deep pockets are chasing too little goods. Never good for the economy.. The right amount could help stimulate it, too much may damage it. But, what really is in circulation? We may never know... Lots of interesting data coming along.

He points out another interesting topic... Feb. 2010 they make it appear it would happen within the year (R/D). No go, June 30th 2011, they make it appear it'll happen soon, but it doesn't.. We continue to hear words soon and nothing...

Okay, if they were going to R/D soon, you would think they would at LEAST have lower denominations already printed or at LEAST a demo copy to show the public for awareness. We have YET to see any of the sorts.

Nothing about designing of new currency, etc. etc. At MOST what we have heard is how it would require 3 languages.

Interesting... All i know is this is a roller coaster ride..

[Gooserider67]

I love that story.....

[bluerose906]

Thankyou Captain for a very easy read and better understanding of what is happening with Iraq and the rv

[kjwayne]

I like the read. I like the good news in it and the thought process involved in it. The start up rate of $1.17 would be GREAT! The ? is what day can we do it!!

Thanks for the chat and thanks for letting ALL have the right to read it!! I HOPE YOUR RIGHT!! GO RV!!

[HisHands]

CAPTAIN-I Love both of your posts! You are a very insightful man. I had previously read your posts in the VIP section, and was so thankful for your logical approach. Please stick around and keep the good posts coming. There are always opposing opinions, who have the right to post as well as we do who think differently. That is what is great about this site. But I love the positive attitude of most of the members here, and appreciate all of those who take the time to bring us this kind of knowledge and information that we might never find on our own. Once again, +1 to all those who bring these articles to us.

[454bbc]

Excellent post Capt. Thanks!! Go RV!!!!!!!!

[pchester]

Great read Captain,great input and thanks for your time......Get them ooo's in and go R.V....