Popular Post VIZIOIRAQI Posted September 25, 2013 Popular Post Report Share Posted September 25, 2013 [Adam Montana] Morning everyone! Today's chat will be short and blunt... I'm hearing a lot of nonsense out of some of the Gurus out there, and this is one of those days when I don't have the patience for that nonsense...[Adam Montana] Some of these clowns are saying that they have a new "code" and if you "say certain things" at the bank you will get a better rate. [Adam Montana] This whole "IQN" thing, and the notion that if you take your dinar in and say "Hi this is IQN (not IQD) and I want to do an exchange for up to $20 per IQN"... if you're reading one of those chats or listening to it on a call, please do yourself a favor... leave that site or hang up on the call.[Adam Montana] There, I hope that was blunt enough [Adam Montana] Here's what is REALLY happening with the Dinar.[Adam Montana] 1. The CBI is the market maker, they are the ones who decide what the Dinar is exchanged/traded/bought/sold for... and at this time, they are still selling the IQD for 1166:1. There is no official change in the value, nor is there an official change in the "name".[Adam Montana] 2. Iraq is still working on a WTO membership which will do wonderful things for the ability of Iraq to increase the value of their currency, in my opinion to as high as a dollar... but realistically that is the top end of where they would come out.[Adam Montana] 3. Not much news on the HCL over the last week, but nothing negative either, so we're looking for a couple of key dates, which are:[Adam Montana] 4. Tomorrow, Saturday, and next Thursday are key meetings for Iraq. I am looking forward to seeing some positive news at one of these dates.[Adam Montana] and finally,[Adam Montana] 5. Regardless of how silly some of these Gurus can be, the fundamental reasons for my involvment in the Iraqi Dinar (IQD) remain positive and I am still looking forward to a realistic increase in the value. [Adam Montana] ok, let's do the Q's! kcw, if you please [kcw] calkid11 Hello Adam and Mods, just checking to see if you have any news on the HCL yet I haven't seen any. Thank you and the mods for all they do.[Adam Montana] Nothing major this week, but like I mentioned we do have some upcoming dates to watch for. [Adam Montana] next please![kcw] umbertino I 'd have a simple and straight question Adam , if I may.......Never asked you anything before....... I'd like to know what's your CURRENT (now) absolutely sincere feeling in terms of a RV occurring.....If possible expressed in %. 50%, 70%, 30% ? More? Less? Not asking about date and/or rate. Just your honest sincere feel in % of it happening. Thank you in advance.[Adam Montana] I am 99% confident that we will see an increase in the value. I am 50/50 on it being an immediate increase to somewhere between .10 and $1. My odds on it coming out slightly lower, but still dramatically higher than it currently is, are greater than 50%. That's my two cents on it. [Adam Montana] next please![kcw] cbailey Please explain the difference between IQD and IQN, and will there be a different price on each.[Adam Montana] This is a tough one to explain, because I think they just pulled it out of nowhere. I haven't been able to find any reputable sources for the whole "IQN" thing, and the CBI is still calling their dinar[Adam Montana] "IQD", so... I'm chalking it up to silliness.[Adam Montana] next please![kcw] SoonToBeWealthy I would appreciate your comment on this story: (Story clipped - regarding Panama banks and the benefits of having more than one offshore account per entity.)[Adam Montana] STBW, there's a good reason I have never promoted Panama banking to our VIP members here, and this is one of them. I do agree that anyone with a serious interest in offshore banking does need to have a backup plan (bank), and I fully intend to assist our Offshore members in doing that after the RV... but at this time it doesn't make sense to take the time and money required to open a second account. If you're in my OSI group, you can rest assured that we are very secure with the institutions we are currently using.[Adam Montana] next please![kcw] dylham Hi Adam, Is there a basket of currencies all going to RV at the same time ?[Adam Montana] I do not believe so.[Adam Montana] next please![kcw] NEVILL071452 Good morning, everyone. Is my 1-st time here with a question. Reading and following the blog 4 a long time . Excellent work. Question: when opening the IBC is it possible to keep the money in the bank as Iraqi DINAR? Reason: the spread for exotic currency is like 15%, some 40%. But after the RV if I will have the dinars, buying GOLD will be a way I may go, and after that GOLD can be sold in any currency. Am I clear with the ???.[Adam Montana] At this time most banks are not holding accounts in IQD currency. After the RV, they may change that policy but we will not know for sure until it actually happens. [Adam Montana] next please![kcw] FirstTop Heard that the Customs Tariff Law has been amended. Will this help facilitate the RV?] FirstTop Heard that the Customs Tariff Law has been amended. Will this help facilitate the RV?[Adam Montana] I'm not sure what the ammendment was, so I can't give an exact opiniion. Sorry about that. [Adam Montana] next please![kcw] vanilla wafer Hello Adam: With everything that we are hearing, is it true that Iraq still needs to post the new IQN rate on their CBI site to make it official and final? Also, do you feel the IQD rate will not be activated until the IQN goes international … and will it be the catalyst that will begin the final process in bringing us the activation of the IQD rate in the USA and other countries? I realize it is not a day by day watch until we are in the appropriate window; however, do you feel this window ... must be a coordination of multiple events? One last question, do you expect to see this RV in September or early October? We have seen odd rates showing up on ForEx, and they are all over the place from $2.40 to $8.80. What do you think about these figures? Thanks for everything you do for Dinar Vets Family,[Adam Montana] I think I gave enough of an opinion on that in my opening statements... there is no reliable source stating that the cBI intends to change to IQN. Regardless of what is circulating out there on the web, Iraq has ONE currency right now, and it's the IQD. They will not have two different exchange rates for the same currency, and anyone saying they will is probably smoking some really good stuff [Adam Montana] Topic: open floor[Adam Montana] open floor[Adam Montana] sorry if I burst anyone's bubble today.[Adam Montana] .10 to $1 is realistic. $8 to $20 is not. 26 1 Link to comment Share on other sites More sharing options...
Roadrunner Posted September 25, 2013 Report Share Posted September 25, 2013 Adam, I always enjoy reading your chats and your occasional drive by. I don't always have the time to keep up with the news so they help to clear up the unfounded rumors that tend to work their way in. Thanks for keeping it real. Roadrunner 5 1 Link to comment Share on other sites More sharing options...
umbertino Posted September 25, 2013 Report Share Posted September 25, 2013 Quote [Adam Montana] I am 99% confident that we will see an increase in the value. I am 50/50 on it being an immediate increase to somewhere between .10 and $1. My odds on it coming out slightly lower, but still dramatically higher than it currently is, are greater than 50%. That's my two cents on it. End Quote Thanks. Your response is appreciated. 9 Link to comment Share on other sites More sharing options...
tankdude Posted September 25, 2013 Report Share Posted September 25, 2013 Quote [Adam Montana] I am 99% confident that we will see an increase in the value. I am 50/50 on it being an immediate increase to somewhere between .10 and $1. My odds on it coming out slightly lower, but still dramatically higher than it currently is, are greater than 50%. That's my two cents on it. You know - I think I'd even settle for it coming out at 2 cents.... just my 3 Link to comment Share on other sites More sharing options...
DinarThug Posted September 25, 2013 Report Share Posted September 25, 2013 Where's SandFly Been ? He Must Be Saving Up For THANKSgiving ! 'THANKS' Adam + Viz ! 4 Link to comment Share on other sites More sharing options...
DWitte Posted September 25, 2013 Report Share Posted September 25, 2013 Don't worry about anyone's bubble Mr. Adam. They shouldn't be in one anyways. 5 Link to comment Share on other sites More sharing options...
skeetdog Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks for the update...there has been some weird combinations stans of THC in resent Hydro crops, this may have contributed to these out burst... 2 Link to comment Share on other sites More sharing options...
FirstTop Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks for keeping it real. We appreciate the update every week. SUPPORT THE TROOPS! 3 Link to comment Share on other sites More sharing options...
WISKY291 Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks Adam, I have not seen sandfly in a while. Hope he's OK. 3 Link to comment Share on other sites More sharing options...
Carrello Posted September 25, 2013 Report Share Posted September 25, 2013 Opening a foreign currency account By Constance Gustke • Bankrate.com Highlights Currencies such as the yuan hedge against declines in the U.S. dollar. People use a foreign currency account to save for large purchases abroad. Foreign institutions don't always offer backing from the Federal Deposit Insurance Corp. Want to stretch beyond banking with bucks? Try opting for Chinese yuan. More people are moving into nondollar bank deposits, and the yuan is one fast-rising option. Last year, Americans could finally buy yuan in the U.S. after the Bank of China opened branches in Los Angeles and New York. Other banks, including Cathay Bank, Citibank and HSBC, also offer foreign exchanges for putting money in foreign currency time deposits of the yuan, yen or euro. Share this story LinkedIn Delicious Reddit Stumbleupon Email story More On Banking:Compare checking account rates A little foreign change in your portfolio? Create a news alert for"savings" A foreign currency account is one maintained in a U.S. or overseas bank but in a foreign currency. Stashing money in different currencies gives you greater diversification, says Ann Logue, author of "Emerging Markets for Dummies." But there are other good reasons for bypassing the buck. For starters, currencies such as the yuan can act as a hedge against declines in the U.S. dollar. When the U.S. dollar falls, other currencies usually rise. And many people use a foreign currency account to save for and make large purchases abroad or to pay overseas hotel bills, says Frank Trotter, president of EverBank Direct, which offers foreign currency money market accounts and certificates of deposit. "Money can be wired to you wherever you are," he says. Before leaping into a foreign currency account, here are four questions to ask. What is the account minimum? Financial institutions that offer foreign currency accounts may have higher minimums on those accounts than the minimums on regular accounts. For example, HSBC's minimum to open an account is $50,000, while EverBank's yuan money market account has a $10,000 minimum before you start earning interest. Is the account FDIC-insured? Foreign institutions don't always offer Federal Deposit Insurance Corp. backing, which protects deposits up to $250,000 per bank account if the bank fails. Bank of China's two New York branches offer FDIC insurance, but the Los Angeles branch doesn't, according to the bank's website. Only the principal deposit in U.S. dollars is protected by the FDIC. But take heart, foreign banks with U.S. branches are regulated the same as any other dollar accounts, Logue says. "So they're functionally U.S. banks," she says. What are the currency conversion charges? You'll probably be paying currency conversion fees for buying one currency and then converting it back into dollars, which can quickly eat up principal if you have lots of currency holdings. For example, EverBank charges 0.75 percent for each buy and sell transaction. So, Trotter recommends sticking to just three to five currencies. How much can foreign currency risks sink your return? Currencies can be highly volatile. You can lose principal when your deposit is switched back into U.S. dollars. "There's so much risk in currency, you don't want to put your grandmother into these accounts," says Jennifer Murphy, director of global capital markets foreign exchange at Union Bank in San Francisco. "A currency can move 1 percent to 3 percent in one day." For example, the highly volatile South African rand lost 15 percent against the dollar in the last four months of 2011. Still, Murphy says a foreign currency account is a good tool for getting higher yields and appreciation. "Just know the risks," she says. Read more: http://www.bankrate.com/finance/savings/opening-foreign-currency-account.aspx#ixzz2fuxyCq00 Follow us: @Bankrate on Twitter | Bankrate on Facebook 1 Link to comment Share on other sites More sharing options...
NevadaSam Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks for the honesty in your chats Adam 3 Link to comment Share on other sites More sharing options...
Kaduku Posted September 25, 2013 Report Share Posted September 25, 2013 I like that 99% Adam, but realistically too... It might just RV at or above $3.00, reason for this IMO, is that Iraqis are proud people and they will be willing to make their currency at or beyond that of Kuwait's. Plus it will DEFINITELY suck in those high three "0" Dinars around the globe off the streets so that they can fully introduce their new currency as soon as possible avoiding the counterfeiting of the currencies being used now. "GOD BLESS AMERICA"! Link to comment Share on other sites More sharing options...
okane Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks Adam... I got a call Monday from someone that had been hitting the "Kool-Aid" wanting to know if I was going to the bank today. I just laughed and told her no. And that I knew it hadn't happen because I had not gotten a text telling me to go to my computer. Thanks Adam for keeping the ship steady. You're the best! 3 Link to comment Share on other sites More sharing options...
boosterbglee Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks Adam & Mods! Always appreciate your "honest" and "realistic" outlook. I remain optimistic and await your text! 1 Link to comment Share on other sites More sharing options...
Artitech Posted September 25, 2013 Report Share Posted September 25, 2013 Where is this IQN scuttlebutt coming from? Link to comment Share on other sites More sharing options...
DinarThug Posted September 25, 2013 Report Share Posted September 25, 2013 Where is this IQN scuttlebutt coming from? The North End Of A Southbound Okie ... 6 Link to comment Share on other sites More sharing options...
Artitech Posted September 25, 2013 Report Share Posted September 25, 2013 The North End Of A Southbound Okie ... :D Thats what I thought, thanks thug! Nuff Said! 2 Link to comment Share on other sites More sharing options...
brbrlocke Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks for the chat Adam... I appreciate all you do. 1 Link to comment Share on other sites More sharing options...
arborboss Posted September 25, 2013 Report Share Posted September 25, 2013 Where is this IQN scuttlebutt coming from? TONY 1 Link to comment Share on other sites More sharing options...
Dino the Greek Posted September 25, 2013 Report Share Posted September 25, 2013 Where's SandFly Been ? He Must Be Saving Up For THANKSgiving ! :D 'THANKS' Adam + Viz ! B) Thanks! How's that Thug? 1 Link to comment Share on other sites More sharing options...
kennyc Posted September 25, 2013 Report Share Posted September 25, 2013 Thanks Adam for keepin it real. These knuckle headed gurus are throwin garbage ALL over the place 1 Link to comment Share on other sites More sharing options...
calkid11 Posted September 25, 2013 Report Share Posted September 25, 2013 THANK YOU ADAM AND MODS FOR ALL YOU DO HERE... GO RV 1 Link to comment Share on other sites More sharing options...
Adam Montana Posted September 25, 2013 Report Share Posted September 25, 2013 I like that 99% Adam, but realistically too... It might just RV at or above $3.00, reason for this IMO, is that Iraqis are proud people and they will be willing to make their currency at or beyond that of Kuwait's. Plus it will DEFINITELY suck in those high three "0" Dinars around the globe off the streets so that they can fully introduce their new currency as soon as possible avoiding the counterfeiting of the currencies being used now. "GOD BLESS AMERICA"! I will be happy to admit I was wrong when the IQD comes out at anything over $1. 8 Link to comment Share on other sites More sharing options...
Tubbs Posted September 25, 2013 Report Share Posted September 25, 2013 Quote [Adam Montana] I am 99% confident that we will see an increase in the value. I am 50/50 on it being an immediate increase to somewhere between .10 and $1. My odds on it coming out slightly lower, but still dramatically higher than it currently is, are greater than 50%. That's my two cents on it. End Quote Thanks. Your response is appreciated. I can live (LARGE) with this Wish for RI Good for RV Link to comment Share on other sites More sharing options...
Flyboy42 Posted September 25, 2013 Report Share Posted September 25, 2013 Truth trumps busted bubbles any day of the week... Reading those particular sites that pump crap are about as accurate as buying fake Lottery tickets. Thanks for the chat Adam. You're a good man. 2 Link to comment Share on other sites More sharing options...
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