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Adams Wed chat 7-17-2013

VIZIOIRAQI

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VIZIOIRAQI Newbie

VIZIOIRAQI

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[Adam Montana] Morning everyone!

[Adam Montana] turn off your pagers    

[Adam Montana] ok I'm running behind on every single appointment possible today.... so I hope you all will forgive me if I jump right into the weekly    

Topic: official chat NO TYPING

[Adam Montana] Here's where we are... about 3 weeks left in Ramadan, Chapter 7 lifted and now a thing of the past, and a flurry of articles about the 0's, reseting the value, raising the value, etc


[Adam Montana] the one thing that really stands out to me is the PUSH you can sense in all of the articles for this to move forward. We can easily see that they are mentioning over and over that the CENTRAL BANK (CBI) is in control and must stay there. The CBI is the entity that will ultimately manipulate the rate, and I have not seen one thing that makes me think it might be pushed down.

[Adam Montana] Another thing I am seeing is MUCH more activity in the GOI during Ramadan - things are usually MUCH quieter at this time of the year. In all of the years I've been involved in the Iraqi Dinar, I have never seen them so active during Ramadan... so here's my current opinion

[Adam Montana] I think if they were going to RV during Ramadan, it would have happened almost immediately after Chapter 7 was lifted. Since that did not happen, I don't expect it to happen until immediately before or after the HCL is officially done


[Adam Montana] How will we know when to expect it, then? Simple - they will not give us an RV announcement, but just like the Chapter 7 issue... we had warning on that, and we will likely get a short heads-up for HCL too

[Adam Montana] so if the HCL is pushed through during Ramadan, then we have a chance. Otherwise, it's going to be most likely shortly after Ramadan is over (August 8 I believe)

[Adam Montana] ok, so that's my best guess on the date... as far as the rate, I'm not going to deviate from my past analysis on the situation. More on that during the Q&A.

[Adam Montana] Let's go ahead and get into those    

[Saint] mrref Adam, I've been in this investment going on 10 years this December, so I've done a lot of research and studying since then. I think I know the answer to my own question but just want your thoughts on this. Over the past years every so often Iraq comes out and starts talking about RV'ing or the deletion of the zero's and then someone from CBI down plays the rumor. The same thing is happening now. Can you imagine the dinars that are being sold now, so why should they RV? Personally I think the RV won't happen, not until the USDollar is completely out of Iraq. Why should they RV if the dollar and the selling of the dinars are supporting them? Thanks for your opinion.....

[Adam Montana] mreff I understand where one would get that feeling, but I disagree for a few reasons. First, the dinars being sold to speculators like us is not a huge number - it's just not. If you look at it from an individual point of view, maybe the numbers look big... but to the CBI, it's nothing. Secondly, there are plenty of countries who use USD and their own currency side by side. Until Iraq raises the value of their currency and proves that it is stronger than the USD, they will have to co-exist. :twocents:

[Adam Montana] next please!
[Saint] vanilla wafer Hello Adam and All My Future Millionnaires: We have a lot of excitement and rumors flying around that the rv will be between $1.68 - $3.44 - what is your take on this?

[Adam Montana] My opinion of the rate is based on my business sense - it does not make sense to me that they would come out at an odd number like that. If makes more sense to use a round number such as .10, .50, $1, etc.

[Adam Montana] If you'd like to read my opinion on the rate in detail, check this link: http://iqd.me/l/rvrate

[Adam Montana] next please!
[Saint] SgtFuryUSCZ Veritable flood of contradictory articles rushing at us at warp speed of late... We cannot imagine having to go through this under the tutelage of some guru. Thank goodness for you, your DinarVets site & the great people you have here!

[Adam Montana] Sgt, you are most welcome. I appreciate your support as well :tiphat:
[Adam Montana] next please!
[Saint] AJC Good day Adam. Any chances we will see Iraqi companies on the NYSE or NASDAQ this year via ADRs like other foreign companies trading today?

[Adam Montana] "this year" completely depends on if they move forward with the rate increase... if they do, I can't wait to see what investment opportunities pop up! :twothumbs:

[Adam Montana] next please!
[Saint] fred5688 Hello Adam , Thanks for all your info over the past years. Do you think this will ever happen. We get all our hopes built up and then let down. Again thanks for all your information
[Adam Montana] Hey fred,

[Adam Montana] Don't get discouraged! I trust that you have not gambled any more than you can afford to lose, so just focus on a couple things. 1, stay away from the gurus and rumor sites. 2, get back to the fundamentals - is Iraq moving forward, and has the value been moving in the right direction? My answer is YES to both of those. And 3, do you still believe that Iraq will raise the value further? I do, which is why I am still here. If you don't, sell your dinar or stick it in a sock drawer and forget about it    

[Adam Montana] next please!
[Saint] TotalNewb Thank you for this site, Adam! We have seen a lot of chatter and "demands" coming from members of Parliament for the CBI to incorporate Monetary change. What do you think is the hold up?

[Adam Montana] At this time... nothing in specific, other than perhaps Ramadan. If they have made an agreement to not pass anything major until Ramadan is over, then we are just going to have to be patient and wait. They never come to agreements quickly, so it's really no surprise that it hasn't happened overnight.

[Adam Montana] next please!
[Saint] yaker What do you think the chances are of our high denominations of Dinar being worthless when the RV finally happens?

[Adam Montana] I don't think that's a possibility at all, unless ALL of the denominations become worthless. If that were to happen, we would have a set amount of time to exchange and take our profit, losses, or break even - but they are not going to simple make one denomination void.

[Adam Montana] next please!
[Saint] jaymar11 Hi adam, this is my first post since I got into this opportunity in February 2011. No questions, just a statement that I really appreciate all that you have done and continue to do for this site!! My 2 cents,...maybe Iraq was taken by surprise by the lifting of the Chapter 7 sanctions??? I wonder this because there is a flurry of activity in Iraq that shows me that the citizens there want certain things to be in place before they "pop" this thing,...which is very good for us all. The longer something is prepared and cooked,...the better it tastes. Just my observations,....

[Adam Montana] I appreciate your feedback    

[Adam Montana] next please!
[Saint] robbby SCARED TO ASK,can feel the negs already! But In the event of Rd,and we are forced to turn our dinars back in within a short time frame, and no bank or dealers want to buy them back or exchange them, do you have a contingency plan to advise us what to do? I'm hoping we would still have a way to get some money back from these dinars so we don't lose everything. I'm planning for the RV, but you have warned us! Thank you,Adam,Julie & mods for all the hard work! GO RV!

[Adam Montana] I don't think that will be a concern.... worst case scenario, the dealers will probably buy them back at a lower rate. You might lose some money, but the market will still keep the rates competitive and there will be options. :twocents:

[Adam Montana] next please!
[Saint] countryroads Hi Adam. I was thinking last night (man what a headache that was), that since it looks like thing maybe close to the end of our ride, that it might be a good time to post (on this page) your download on cashing in. I don't know if you have it on another post, but since there are probably those who haven't read it this might be the time and place to either repost it or tell us where it can be found. I reread my copy last night to refresh my memory. Thanks Adam GO RV

[Adam Montana] Well, you obviously survived your traumatic incident since you were able to post the comment... congratulations on that! You are correct... some people still haven't seen the free guide. If you haven't seen the FREE guide, you can get it here: http://iqd.me/l/cashinguide

[Adam Montana] (Did I mention it's FREE?    )

[Adam Montana] next please!
[Saint] rubble74 Good morning Adam and company, thank you for all your hard work. My question may be a little off the wall but I hope you can answer it anyway. I understand my info has come to me from other sites so I just want some clarification... I have read about this whole Basel III compliance and how they say Iraq will Re-Value shortly and is to become a leading currency in the global market, and that the US dollar is going to depreciate as much as 50% come Oct when the new $100 bills come out... I don't believe this but I just want your take on the matter as I value your opinion... Basel III compliance is being implemented over the next few years to help prevent money laundering and protect international trade and for many other reasons... and we are getting a new $100 come Oct., but I don't think any of that has anything to do with the Iraq RV or that it will affect the strength of our Dollar...What do you think? Thank you

[Adam Montana] I don't know where these people come up with this stuff... is the USD decreasing in value? YES. Does "new bills" have anything to do with it, now or in the future? NO :lol:

[Adam Montana] The value of our currency is affected by many things, but a 50% drop in value due to a new design on an existing denomination is kind of silly.

[Adam Montana] next please!
[Saint] Amos9:13 Adam just curious on your thoughts towards the recent article where (I believe it was as shabiri) that mentioned the wording "reset" to me that sounds more like a RI instead of an RV. Seems like there are more "increase economic, more gold, more reserves" coming out than the dreaded 0's dropping. Think the word "reset" and these other articles have some future merit?

[Adam Montana] In my opinion, they are all leading towards some kind of change in the exchange rate. They aren't telling us flat out that they are going to RV, but they are obviously working on things that will change the rate. And I'm pretty sure they aren't working on lowering it! :twothumbs:

[Adam Montana] next please!
[Saint] vietnam1969 Hello Adam, staff and all members. I have been reading the above questions and many are wondering what the hold up is and are asking about the deletion of the zeros. Do you think that part of the delay MAY be that some of the elected officials are not trusted by others and therefore want to establish a new ruling party or just get rid of some and replace them? Also, IMO I don't think that the banking system is in place yet for the common people to deal with. Just a thought. By the way, you have added a couple of my buddies to your mod patrol and I would just like to say congrats to them and you for putting them straight.    Doug and Saint!!!!!

[Adam Montana] I suppose that's a fair assumption... the political and religious groups in Iraq, or anywhere in the Middle East for that matter, tend to take their time getting through discussioins, debates, agreements, etc. That's just how the culture is.

[Adam Montana] next please!
[Saint] BigKahuna Hi Adam, I know I speak for many when I tell you how much all you do is appreciated! Mucho Gracias.....My question is concerning the HCL. It appears that it could be one of the final issues needing resolution along with any outstanding banking laws prior to any RV happening in the very near future. What are your thoughts on these issues getting passed then published prior to the end of Ramadan or July 31st? I'm of the mindset that the RV would begin just prior to the HCL being published that would include the RV rate. I haven't seen very much of late concerning the the HCL and I'm also wondering if perhaps there is significant work being done behind the seens on this matter that you may be aware of. Please tell us your gut on this issue.....May the Force be with you, young Skywalker!

[Adam Montana] I've covered most of this already in my answers above, but yes - I do see progress being made on the HCL and I think we can look forward to more news on it in the near future. :twothumbs:

[Adam Montana] next please!
[Saint] waitingondinar Adam, we have seen much hype leading up to release of chapter 7. It was thought the HCL would be "rubber stamped" right after release. We now seem to be in another long waiting period as the newest articles keep going back and forth stating the iraqi government isn't ready to change the dinar value. What are your thoughts regarding the wait? Thanks


[Adam Montana] See my earlier comments    

[Adam Montana] next please!
[Saint] jon29 Holy smokes, all these dinar questions in the hopper...here's one on the lighter side Mr. M.: As July begins it's gradual decline and some of us sit on the patio drinking a cool glass of lemonade or ice tea while watching the birds frolic in the birdbath, thoughts turn to a more frivolous non-business like endeavor--summer vacation. In your opinion, for those DV'ers on a limited budget (a few hundred bucks), do you have any nice idea's for a 2 or 3 day getaway? Thanks and go RV!

[Adam Montana] If I ever had 2 or 3 days in a row that I could use to "get away" I might have an answer for you :lol:

[Adam Montana] Ok everyone, that's it for now! Keep your heads on straight, don't let the Gurus goose you, and I'll be in touch if I have anything major to share. :tiphat:
[Adam Montana] open floor

 

[Adam Montana] thank you all mods and members! Hopefully next time I'm in here it will be to announce HCL or the RV, then you can REALLY thank me!
[Adam Montana] have a great day everyone

 

 

 

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TheHyperLinker Newbie

TheHyperLinker

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Thank you for taking time for the Chat!  Now -- working on keeping focus and head on straight!!!  Hoping my body can outlast the time it's taking for RV to happen. Getting hard to walk, see or stop my hands fromm shaking.

 

In any case, Adam and crew, thanks for being our Anchors.

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RodandStaff Rookie

RodandStaff

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[Adam Montana] I don't know where these people come up with this stuff... is the USD decreasing in value? YES. Does "new bills" have anything to do with it, now or in the future? NO :lol:

 

I dunno Adam... some of the new bills make me kinda suspicious... just sayin'!!!  :unsure:   ;) 

funny-money-clipping-paths-793721.jpg

Catmax... did you have something to do with this??? :shakehead: ... just wondering!!!  :rolleyes: 

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RodandStaff Rookie

RodandStaff

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[Adam Montana] Ok everyone, that's it for now! Keep your heads on straight, don't let the Gurus goose you, and I'll be in touch if I have anything major to share. :tiphat:

Well... we can't say we weren't warned (like.. here's your sign)  :rolleyes: 

... them sneaky geese... must not let em goose us!!!    :blush: 

goosed.jpg

Take this guru geese's... I thinks we will send you packin'...  :butt-kicking:

 

Thanks mods for postin' and thanks Adam for once again keepin' it real, and exciting!!!  ;) 

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