Kaperoni chat on Dr. Bakri paper 4/7/2012

[katie45]

Kaperoni: I thought the PDF Paper (document) from Dr. Bakri was so good, so informative, I wanted to do a chat on this. To break down the events and clarify what we know.

Kaperoni: First, who is Dr Bakri?

Kaperoni: He is on the Administration and Economics staff at the University of Babylon

Dr. Kazem Jawad Al Bakri teaches in the Department of Finance at the University of Babylon

Well respected Economist. Has been hired by the CBI to participate in the various Symposiums around Iraq educating in regard to the “delete 3 zeros” also known as “lift 3 zeros” process.

Kaperoni: I think we can say this man is very well educated, knowledgeable and experienced. So much so, that the CBI relies on him to at these various Symposiums to explain what is about to happen to the currency.

Kaperoni: Here are a few of the news article supporting Dr. Bakri’s participation in various Lectures and Symposiums.

Kaperoni: http://www.ikhnews.com/news.php?action=view&id=34445

Kaperoni: http://www.crdiq.org/ArticleShow.aspx?ID=674

Kaperoni: I think we can draw from this information that Dr. Bakri is an authority, an expert and well informed in this event. Much more so than any “part time” guru, or educated person who thinks they know what is happening within Iraq. Even someone who claims to be a “currency/investment analyst” has to take a back seat to this mans knowledge, experience and expertise in the circumstances within Iraq. After all, he is one of the “trusted” ones to disseminate this process to the Iraqi people.

Kaperoni: Now that we have qualified him, lets take a look at one of his papers…from June, 2011

Kaperoni: Proposal to raise zeros from the dinar Ala a paper - A. M. D. Jawad Kazem al-Bakri

Kaperoni: http://www.uobabylon.edu.iq/uobcoleges/fileshare/articles/%D8%B1%D9%81%D8%B9%20%D8%A7%D9%84%D8%A7%D8%B5%D9%81%D8%A7%D8%B1.pdf

Kaperoni: Here is the first quote…

Kaperoni: “The history of modern economics tells us that many nations in the world such as the countries involved in WW1 and WW2 or most recently the collapse of the Eastern Bloc countries, have taken one of these two measures, either by changing the whole national currency or eliminating zeros from the currencies so that it can go back to its previous stable condition.”

Kaperoni: This is pretty straight forward. That there are two ways or methods to go back to the previous stable condition after such events like a war. You either eliminate zeros from the currency (LOP) or do a currency change (transition from one set of notes to another without the zeros).

Kaperoni: Now here is where we learn what Iraq is really doing. Despite all the articles, misdirection, and confusion with terminology this quote tells us exactly what is happening….

Kaperoni: “In the Iraqi experience after the fall of the dictatorial regime, the present authorities have decided to change the Iraqi currency to a new currency.”

Kaperoni: This is absolutely the most direct and powerful statement we have heard. This is not an opinion, but a factual statement…”the present authorities have decided to change the Iraqi currency to a new currency”

Kaperoni: Now this also tells us that they are NOT deleting the zeros off the notes. And it tells us that “collecting the notes” is what is happening to reduce the money supply. It also tells us that we have been accurate all along on the research we have done on this investment. Here is the telling part, we did not know this information until just a few days ago. Which then ends up being a “validation” of the research.

Kaperoni: Next quote…

Kaperoni: “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.”

Kaperoni: Now this quote is simply amazing. It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same” ie (LOP) Well this next quote…puts an end to that theory as well….More proof yet to come…

Kaperoni: “If three zeros were lifted from the IQD this means the IQD becomes stronger 1000 times in terms of value.”

Kaperoni: This in itself is all we need to be assured of our investment. But the good Dr. gives us the dagger in the LOPster heart with this gem of an example…

Kaperoni: “For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.”

Kaperoni: He states clearly, the previous currency (3 zero notes) will buy more after this event. That the dinar will appreciate in value 1000 times. No more discussion is needed..But wait, he is trying to explain this event so we will get even more confirmation….lol

Kaperoni: Quote…

Kaperoni: “From a theoretical point of view, when three zeros are lifted from the IQD its buying power will increase drastically so that the dollar will be equivalent to 1.5 dinars only.”

Kaperoni: And this one…

Kaperoni: “Therefore, let’s say the merchandise imported from abroad is valued before lifting the zeros at 1.2 million dinars, or $1000; if you lift the three zeros 1200 dinars will equal $1000; therefore, that will not bring any negative impact on the Iraqi citizens.”

Kaperoni: And the benefits of the event…

Kaperoni: “On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical policy, will lead to these positive factors:

One, it increases the monetary power of the IQD to buy things.

Two, it increases the value of exchange from the dinar to other currencies.

Three, it provides more confidence for more foreign investment in the economy.

Four, in increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries.”

Kaperoni: This is simply the most powerful explanation and description of what is going to happen that we have ever had in print from an expert in Iraq. An explanation that is right on with our own research studying this event for over 4 years.

Kaperoni: Pray that the GOI is formed, that stability continues and Dr. Shabibi can accomplish this event.

Kaperoni: Done.

[zigmeister]

Great post Katie!

[Elixirbaby]

Thanks Katie. Looking good as always.

[powerpager]

Good Post !!!

[willy1der]

We don't have all of the information to make heads or tails from this. For instance, 1.2 million dinar once 3 zeroes are lifted/deleted becomes 1200 dinars and valued to the 1000 USD like the 1.2 million was prior to lifting/deleting the zeroes, this assume an RV of the currency somewhere along the way and the somewhere along the way is the key, is it prior to lifting/deleting the zeroes or after the lifting/deleting of the zeroes. The part that states 1000 dinar will equal 1000 USD after this is done would lead me to believe that there was an RV of $1 prior to introducing new denominations, my question is is the a quote from the Dr Bakri or is this Kaperoni's breakdown, the links are in arabic and I don't have the means to translate them. I'll wait until it happens to see how much I've made.

Happy Easter everyone!

[few24u]

Two steps forward and three steps back ..................... lets go GOI, get it together and show a little love for each other! When that happens it's across the finish line we go!

[patriotic party girl]

Thank You Very much ,,, THE BEST THING I HAVE EVER READ I THINK

[jeepguy]

Very good indeed .... love the 1.50 .... thanks for the post

[KNTIME]

Thanks for the post Katie Kaps the best in break downs!! And throw in his verified aribic translater .. looking good :P l

Lets RV already!!

[cajunrescuemedic]

As much as I love good news, I'm kinda confused. At one point he says $1 = 1.5 IQD....then at another point he says $1000 will equal 1,200 IQD.

(the dollar will be equivalent to 1.5 dinars only) ; (1200 dinars will equal $1000) . Am I reading this wrong? Anyway, Thanks Katie.

[RVPleaseToday]

So Kap is saying that the Iraqi's just told the world that sometime in the coming months the Dinar will increase in value by 1,000 times? Why would they do that?

[FireandIce]

First, this is a rough translation and very confusing.

Dr. Bakri::: "This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc."

This quote is saying that deleting the zeros "does not affect" the value of the dinar, and then later he says that "If three zeros were lifted from the IQD this means the IQD becomes stronger 1000 times in terms of value." This is contradictory, and until an accurate translation turns up, there is no way to tell what this really means.

[katie45]

Thanks Katie. Looking good as always.

Keep it up, you might just get that lap dance!

[TonyDownTheShore]

This is what we have been waiting for, the only thing better than this would be $ 3.22 to 1 Dinar, thanks for the post .

[gakman]

:Aaahhh Katie- may I please reserve the spot right behind you in the Cash-in line? I hope the line is a very SLOW moving one!!

$1.00 US Dollar to 1.50 Dinar = a .67 rate = I will take it!!!

[thatoneguy]

Thanks for the post. This is our year!

[skitealwedrop]

So Kap is saying that the Iraqi's just told the world that sometime in the coming months the Dinar will increase in value by 1,000 times? Why would they do that?

Good question. It's called street cred in the ME. Iraq can not continue to use USD if they wish to trade with other Arabic countries. I would think that it's sort of a pride issue. It's my belief that the IQD is way undervalued when you look at their assets. Hopefully, the Summit gave the Iraqi's a swift kick in the a$$.

Thanks for the post Katie.

[Elixirbaby]

Keep it up, you might just get that lap dance!

Lol. And hot tub too? have I told how pretty your eyes are lately ?

[WTX_Danny]

Wish it was in English. Anyone translated it yet and posted?

[in4thelonghaul]

I like Kaperonies posts. Seems level headed to me, just my opinion. Saw someone called him pepperonie..my opinion again..I think it's the mushroom with a comment like that..In the dark.

[skitealwedrop]

Lol. And hot tub too? have I told how pretty your eyes are lately ?

Elixir, you need to get you mind out of the gutter. Don't you have a drum kit you can pound? Hugs!

[msmortgagewiz]

Wish it was in English. Anyone translated it yet and posted?

I have a close friend who speaks fluent Arabic, so I sent the attachment to him via Facebook. This is a quick bankers summary of the pdf paper he just provided me.

"12 million iraqi dinars equal $1,000 USD. The article state thats gonna change as they are working on making the iraqi dinar more valuable should be 1,200 dinars to $1,000 USD!!!! Thr article talks about this being implented in the future. No exact date however"

He has been gracious enough to do this whenever I have asked, so if you have just a few questions I woud be happy to ask him for this thread. Wiz

..

[willy1der]

I have a close friend who speaks fluent Arabic, so I sent the attachment to him via Facebook. This is a quick bankers summary of the pdf paper he just provided me.

"12 million iraqi dinars equal $1,000 USD. The article state thats gonna change as they are working on making the iraqi dinar more valuable should be 1,200 dinars to $1,000 USD!!!! Thr article talks about this being implented in the future. No exact date however"

He has been gracious enough to do this whenever I have asked, so if you have just a few questions I woud be happy to ask him for this thread. Wiz

..

12 million dinar equals 1000 USD? that's a slap in the face now. I hope that's a misprint.

[msmortgagewiz]

12 million dinar equals 1000 USD? that's a slap in the face now. I hope that's a misprint.

I will ask if thats "current in country value" would that be the right way to ask that question? I don't want him to think I am totally stupid.

[sirlep33]

12 million dinar equals 1000 USD? that's a slap in the face now. I hope that's a misprint.

I'm sure he meant to type 1.2 million.... just left out decimal point when typing.