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Adam's Official Chat 9/5/12

kcw

By kcw,
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kcw Newbie

kcw

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[Adam Montana] Well, we're here! It's September 5 and this is the month that they said was going to be the big one!

[Adam Montana] I've been looking and searching and hunting and I can't find ONE reason why they can't do this now

[Adam Montana] the only thing that bothers me is that they haven't made any peeps on the new currency in a couple months

[Adam Montana] in fact, they have said that they may not want to do it in 2012... which makes sense if they WERE going to do it in September like they originally announced

[Adam Montana] I'm not here to try to talk in circles, but this is a little confusing

[Adam Montana] first - if they are truly going to POP this RV this month, they aren't going to announce it - it's just going to happen

[Adam Montana] today, tomorrow, next week - I don't know, and neither does anyone else

[Adam Montana] so we know that if they are going to do it, they aren't going to tell us. Fun, right? :rolleyes:

[Adam Montana] on the other hand, Iraq is notorious - NOTORIOUS - for delays and simply missing deadlines

[Adam Montana] so that's where we are. I see NO reason they can't move forward, but there also isn't substantial evidence to suggest that it is happening NOW... so as usual we have to be patient and watch for news

[Adam Montana] Like DK said, though... the month is young! Give it a day or two before you start emailing the CBI or calling Shabibi :lol:

[Adam Montana] one thing we know FOR SURE is that they need the new currency ready before they can launch an RV. There is NO WAY to make change, perform daily transactions, or maintain normal business if they don't have those lower denoms!

[Adam Montana] so as soon as we see concrete evidence that the lower denoms are circulating... that's when it is happening - not a moment sooner. I don't care what the gurus out there say. :tiphat:

[Adam Montana] ok, questions for this week! kcw, nice to have you in chat, I thought I was going to miss you this week

[Adam Montana] shoot!

[kcw] Frank02546 - Adam I posted a question in your chat last week and perhaps I didn't explain it well enough. I am wondering why the value that the CBI has set on the dinar is higher than the street value? The CBI has made several attembts to bring the street value of the dinar closer to the value that they have set for it, but a discrempency still exists. If the CBI has massive wealt that they can represent through their currency why do they need to make adjustments to bring the value up? Shouldn't the currency be as high as they set it? Whatever is holding the value of the currency on the streets down won't that also be a problem post RV? Like if it is confidence in the dinar or preference using the dollar. Thank you for your time.

[Adam Montana] First I have to wonder where you are getting your information - if you are talking about a small discrepancy, that is normal. The CBI will always sell for higher than they will buy. Once it's on the street, you can't expect people to buy for higher than they can sell it back to the CBI.

[Adam Montana] Therefore there will ALWAYS be a discrepancy and the CBI will ALWAYS make money on the sale and resale of

[Adam Montana] dinar

[Adam Montana] that's why it's so important to not take the first deal you are offered at Cash In time - there WILL be ways you can make more. (*cough VIP Cough!*)

[Adam Montana] next please!

[kcw] waitingondinar - Adam, is it possible the dinars will have zeros lifted and then revalued leaving us with what we invested in the dinars initially? Could the Iraqis have planned for this to happen so they would take in great amounts of cash and leave us "hanging out to dry"? I definitely hope I am wrong. Thanks

[Adam Montana] of course it's possible. I don't mean to be rude, but I am going to be blunt - there always has been and always will be a *chance* that we will break even or maybe even lose money. There is no guarantee here!

[Adam Montana] There's also a chance that you can get hit by a bus today... you don't sit in your house because of that chance. You weigh the odds and make a choice - is it worth the risk to go to the store today?

[Adam Montana] Only you can answer that for yourself. Personally, I think the odds are pretty good in our favor and the reward is so potentially great that I am willing to stick a few bucks on the line and wait it out for as long as it takes. That's my :twocents:

[Adam Montana] next please!

[kcw] new york kevin - Sir Adam: You and others have been saying, and I have been observing all on my lonesome, that a thousand things industrial and banking wise, have been falling into place in relation to this investment. We are waiting on the passing of the hydrocarbon law and of course release from the chapter 11 thing. You have mentioned that this should/may break in 2013. Some have interpreted this as January 2013. Some who have a decent reputation of knowledge about the dinar have said December 2013. So what is your best guestimation as to what month in 2013 that this thing will likely pop? How likely could this take till sometime in 2014? Thanks New York Kevin

[Adam Montana] NYK, Thanks for the question. You're asking what my guess is for this thing... I have a fairly simple answer

[Adam Montana] First, understand that we are dealing with Iraq - King of Delays. They announced months ago that the new currency would be coming out in September - they were ADAMANT about it! Then they started retracting, and throwing out future dates... the question is "Why?"

[Adam Montana] Were they not ready? Is the HCL too far off? Is there an unseen hurdle to Chapter 7?

[Adam Montana] I can't answer any of those questions with an affirmative, because in my opinion they ARE ready, the HCL is NOT too far off, and Chapter 7 should be a "rubber stamp" issue - it's ready to be done!

[Adam Montana] so the answer, in my opinion, is simply this: ANY TIME NOW!

[Adam Montana] next please!

[kcw] Big Bear - Good Morning, A 2.5 weeks ago following Ramadan you stated you were closing VIP because you felt like we were 6 weeks away from the RV. DO you still feel this to be the case? What made you believe we were 6 weeks away from the HCL or Chapter 7 being taken care of at the time you said we were 6 weeks away? Thank you sir and GO BEARS!

[Adam Montana] Like I just said - I don't see any major hurdles, so AS SOON as I see a hint of any of those items either from my contacts or in the news... I'm pressing the button and VIP is closed. As to "how far" we are, I wish I had a better answer. Nobody has that answer, unfortunately. But I am definitely ready to send the VIP texts!!!!

[Adam Montana]

[Adam Montana] next please!

[kcw] ALBUNDY - Hi Mr. Adam. I just have a simple questions for you. Does the month of September 2012 still look good? Do you think that it will RV in the month of September 2012?

[Adam Montana] sorry ALBUNDY, I don't mean to blow you off but I asnwered that a few times already. Thanks for the question! :tiphat:

[Adam Montana] next please!

[kcw] Jrose - Hi Adam, Now that Ramadan is complete, why is chapter 7 and Erbil so hard to get completed? We have heard these agreements have been written and voted on how many times? How long can Iraq mantain it's stability as they stand now before it totally crumbles? In your opinion, what is it that is holding up the process as I would figure they would want thier own country and wealth? Thanks

[Adam Montana] Jrose, that's a great question. And that's exactly why I'm not in a hurry to tell everyone that the RV is too far away... it seriously looks like we are at the end of the ride here. There are no visible roadblocks, we have to believe that Iraq wants to be wealthy again, and I see nothing to stop them at this time. If it's "last minute" details... GREAT! Tidy that stuff up and let's git-r-dun!

[Adam Montana] next please!

[kcw] SinjinWolf - Hi Adam. What are your thoughts about the article(s) this week saying that the zeroes can't be deleted in 2013 - that it will be 2014? I don't think any of this information came from the CBI. Regarding articles, etc., should we only follow information the CBI releases? Thanks. Sinjin.

[Adam Montana] I have been off the CBI teat for some time now... they are constantly late, inaccurate, and vague.

[Adam Montana] Regarding those articles, I have yet to see one of them that gives substantial reason for that kind of decision

[Adam Montana] next please!

[kcw] simon8957 - An article titled "Parliament yielded to the demands of the Kurds and the Commission on article 140" I felt this was a great article your thoughts on this article and does this mean the HCL is one step closer???

[Adam Montana] simon, GREAT observation - that and a few other articles have been signaling to us that the HCL is nearing completion and has been nearing completion for some time now.

[Adam Montana] In a word - "YES".

[kcw] jon29 - A wonderful good morning to you Adam. Here's my question: in a recent report it states, "Elsewhere confirmed an economic expert Akram Abdel Aziz, that the central bank the idea of selling gold coins in the banks on the citizens will raise the value of the Iraqi dinar against the U.S. dollar..." Could you touch on this, I assume it bodes well for the dinar we have. What is the method of thinking along these lines..? Will it create a stimulus for the Iraqi people to be 'weened' off the dollar to begin using their own currency more and more..? Please share your thoughts and thanks!

[Adam Montana] jon29, I usually try not to speculate within a speculation... but let's give this some thought.

[Adam Montana] with the very real impending crash of the dollar, a probable significant raise in the IQD, and the global economy in a downward spiral... is there any chance that Iraq may have even bigger plans? Such as, I don't know - DEpegging from the dollar?

[Adam Montana] I know if I was Shabibi, and my currency was pegged to the Dollar, I would be absolutely sickened by what's going on out there. If I was the one making hte decision to revalue the currency of a country, a country that is in possession of a vast majority of the world's black gold, there's another kind of gold I would have my eyes on

[Adam Montana] I'll leave that for you to think on. :twothumbs:

[Adam Montana] Oh there is no next. Perfect! Thank you all for tuning in, have a wonderful week, and keep a level head through all this. GO RVVVVVVVVV!!!

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JLNYC Newbie

JLNYC

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Somewhat encouraging that Adam doesn't see any real blockers to this happening sometime soon, but we still "don't know what we don't know" and perhaps never will... this could easily push into 2013 since we have no confirmation that anything with lower denoms, HCL, Chapter 7, or frankly a stable government (even by ME standards) are finalized. Having done business in the ME (although admittedly limited), there are nuances and hinderances we can't even imagine. As always, I hope I am wrong, but think we are in for a bit of a wait...

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jerry125 Newbie

jerry125

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Hi everyone in dinar land. I read a review a couple days ago on yahoo news on the religious fasion crack down in Northern Bagdad Kazimiyah where it showed people on the streets with shorter pants,scarfs,ect. They were talking about the western influence we have given them and how it is contrary to their religion. Women their are supposed to be completely covered because they think it is seductive to the men, therefore their fault for dressing this way. Well this is not the point of my very first post, it's more about the fact that the people on the streets are shopping and going about their purchasing business with a look of no Worries? As if they are quite happy with their money and the prices in the stores and such. It's not consistent with my feelings that these people are flat broke, no water, no electric for the AC, and such? The streets were full of people hitting the stores for the new fasions with out hesitation. Not to mention the concern for the fasion police that have been their to make the women dress more modestly and remove make up? So my question on all this is they appear content with the value of their money and the purchasing power. It just seems if an RV were any where in sight, they would be hording their dinar for the RV or dollars whatever the case may be? The streets were full of people and the buildings appear to be in good condition, the streets, side walks ect. Yes i know my spelling and such is bad? let the critics at me,LOL. Every one has good points and bad, mine is spelling, grammer.

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Caye98 Enthusiast

Caye98

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Thanks AM & KCW!

September still sounds good and remains a definite possibility.

Realizing none of us will know about the RV until it happens, and it would certainly be a blessing to have it resolved before the Islamic New Year (I believe it is Thursday Nov 15 this year [2012]). I still like RV anytime in September, and even if it takes another few weeks into mid-November I hope to enjoy my transition into a more relaxed and retired lifestyle, managing/overseeing new investments, and I hope the current US Commander and Chief (Peace be upon him) will have learned of his well earned retirement by Nov 6 of this year as well...

Hi everyone in dinar land. I read a review a couple days ago on yahoo news on the religious fasion crack down in Northern Bagdad Kazimiyah where it showed people on the streets with shorter pants,scarfs,ect. They were talking about the western influence we have given them and how it is contrary to their religion. Women their are supposed to be completely covered because they think it is seductive to the men, therefore their fault for dressing this way. Well this is not the point of my very first post, it's more about the fact that the people on the streets are shopping and going about their purchasing business with a look of no Worries? As if they are quite happy with their money and the prices in the stores and such. It's not consistent with my feelings that these people are flat broke, no water, no electric for the AC, and such? The streets were full of people hitting the stores for the new fasions with out hesitation. Not to mention the concern for the fasion police that have been their to make the women dress more modestly and remove make up? So my question on all this is they appear content with the value of their money and the purchasing power. It just seems if an RV were any where in sight, they would be hording their dinar for the RV or dollars whatever the case may be? The streets were full of people and the buildings appear to be in good condition, the streets, side walks ect. Yes i know my spelling and such is bad? let the critics at me,LOL. Every one has good points and bad, mine is spelling, grammer.

Jerry125, clearly that was one small snapshot of an aspect of the country. It would be like shooting some film in the Hamptons, and ignoring Detroit inner city. Sure, the people with wealth do not need to disrupt their lifestyle, and they are most likely benefiting from the current value of IQD, and will still benefit post-RV. JMHO

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LS1Hawk Newbie

LS1Hawk

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Wow, who would of guessed its the same old excuse.

Another month and nothing. Should this surprise anyone.

Why make things better for the people when the rulers live like kings.

The dollar is going to collapse before this dinar rv's. There is my prediction.

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Chartman17 Newbie

Chartman17

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Adam, thanks for the good words. I heard some discussion of a mis-printing of the "New" Dinar...No good words on the Kurds? That sounds stupid. Saying that they mis-printed all the new currency has got to be bogus. I appreciate your efforts and time that you devote to this project/investment.

Chartman17

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RodandStaff Rookie

RodandStaff

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[kcw] Jrose - Hi Adam, Now that Ramadan is complete, why is chapter 7 and Erbil so hard to get completed? We have heard these agreements have been written and voted on how many times? How long can Iraq mantain it's stability as they stand now before it totally crumbles? In your opinion, what is it that is holding up the process as I would figure they would want thier own country and wealth? Thanks

[Adam Montana] Jrose, that's a great question. And that's exactly why I'm not in a hurry to tell everyone that the RV is too far away... it seriously looks like we are at the end of the ride here. There are no visible roadblocks, we have to believe that Iraq wants to be wealthy again, and I see nothing to stop them at this time. If it's "last minute" details... GREAT! Tidy that stuff up and let's git-r-dun!

[Adam Montana] next please!

Did someone just say we are almost at the end of this ride??? eyebrows.gif We'll make a red neck Nascar fan outta ya yet thar Adam (our Git-r-dun man)!!! In fact we could all go in and sponsor a race car... and in big bold print it can say ... "Got- er-Dun...Finally!!! emot-downsbravo.gif

Thanks for the post ksw and thanks for the upbeat post Adam!!! wink.gif

Come On RV Baby!!!cool.gif

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Saint Newbie

Saint

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Thank you Adam as always. Kcw thanks also for posting. I loved it as it was very early and happy to hear Adam had lots to do . I'm still on the September train and I seem to see the station coming into view. At least I hope it's the station I see. Again thanks for keeping us very well grounded. Goooooo Rrrrrrrr Vvvvvvvvvvvvvv. :bravo::tiphat:

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skitealwedrop Newbie

skitealwedrop

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Hi everyone in dinar land. I read a review a couple days ago on yahoo news on the religious fasion crack down in Northern Bagdad Kazimiyah where it showed people on the streets with shorter pants,scarfs,ect. They were talking about the western influence we have given them and how it is contrary to their religion. Women their are supposed to be completely covered because they think it is seductive to the men, therefore their fault for dressing this way. Well this is not the point of my very first post, it's more about the fact that the people on the streets are shopping and going about their purchasing business with a look of no Worries? As if they are quite happy with their money and the prices in the stores and such. It's not consistent with my feelings that these people are flat broke, no water, no electric for the AC, and such? The streets were full of people hitting the stores for the new fasions with out hesitation. Not to mention the concern for the fasion police that have been their to make the women dress more modestly and remove make up? So my question on all this is they appear content with the value of their money and the purchasing power. It just seems if an RV were any where in sight, they would be hording their dinar for the RV or dollars whatever the case may be? The streets were full of people and the buildings appear to be in good condition, the streets, side walks ect. Yes i know my spelling and such is bad? let the critics at me,LOL. Every one has good points and bad, mine is spelling, grammer.

No worries with your spelling. Thank you for posting your thoughts. I read the same Yahoo article and was excited to see that some Iraqi women are not willing to abide by such an antiquated dress code.

Iraqi women have more power than they are aware of. They live in a skewed male dominated society. Hopefully, we will see more Iraqi women come forward and assert their presence.

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TheHyperLinker Newbie

TheHyperLinker

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Hi Adam and all. If you do a Google search "world changing from dollar to gold" you will see a lot happening in the financial world, where every big nation is wanting to move to Gold(apart from America). We must remember that that was what Sadam had wanted to do, and look where this got him. This is why I think there is all this talk of going to Iran because they are also wanting to start trading in Gold at least with India.

I refer you to Shift From U.S. Dollar As World Reserve Currency Underway ? and can only agree with Adam's comment about Shalabi's possible thoughts on waiting till Gold trading is more common place or that Europe starts the American dollar decline. I still am looking for something to happen soon, but I personally would rather trade my Dinars for Australian Dollars.:unsure:::twocents:

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