10-23 Adam's weekly update

[Adam Montana]

Good morning everyone! I know I'm a little later than usual on my 

Wednesday update - I'm still having issues with java so the 

"weekly chat" is now a "weekly update".

After giving this some thought, I kind of like this format! Please 

enter a vote in the poll above to let me know if you agree with me.

 

I have one small personal opinion to throw out, then I will talk 

a little about the news, and then get to the Questions.

 

I read on the forums this morning that Dinar Trade (probably the 

oldest and biggest dinar dealer out there) has stopped their "reserve" 

program.

 

I am happy to hear this for two reasons…

 

1. DinarTrade, having been in this business for so long, is probably 

the only group that might get inside info before I do. If they 

are stopping their Reserve Program, they might have some inside info 

that I don't have… and I'm completely fine with that! At the end of 

the day I just want to cash in and move on, just like you all!

 

2. I've never been a fan of any "Reserve" program. I've been very 

clear in my position on this - I love this currency, I know we are 

in a winning position, but we don't have any guarantee on a return 

and we DEFINITELY don't know WHEN we will get paid… so I say do NOT 

get involved in a Reserve Program. Buy only what you can afford to 

lose, prepare as best as you are able to, READ THIS FREE GUIDE, and 

most of all… don't get sucked into the guru hurricane! 

 

With all that out of the way, let's hit a couple of recent news 

articles and the questions from the members. 

 

 

This week in Iraq.

 

Posted yesterday:

 

 

Called banking expert Majid picture, today, to strengthen the Iraqi dinar

and turn it into a currency is possible to deal at the international level, not just local.

 

Read more: http://dinarvets.com/forums/index.php?/topic/163971-suri-calls-to-strengthen-the-iraqi-dinar-and-turn-it-into-a-currency-is-possible-to-deal-internationally

 

I think the quote speaks for itself! Iraq DOES need a currency 

that is traded worldwide, and they are making good progress, which 

is why we are here. GIT'R'DUN IRAQ!

 

Tuesday authorized the Iraqi government and the Minister of Finance and the Governor

of the Central Bank to negotiate and settle the debts of Jordan and Egypt to Iraq,

according to the Paris Club agreement. 

 

Something I think most people MISSED on this is the fact that when Iraq 

RV's, the debts they have are going to be a MAJOR issue… if they get most 

of them out of the way before they RV, they will be in a position of power, 

not one of weakness.

 

A major RV is COMPLETELY dependent on their ability to control the market, 

remain stable, and not have to rely on outside help.

 

Link: http://dinarvets.com/forums/index.php?/topic/164074-government-iraq-decided-to-negotiate-with-jordan-and-egypt-on-debt/

 

 

Next, although this is a "translated" article, I would be extremely 

excited to see some HCL action next week… let's do it, Iraq!

 

Oil announces the start of the second conference on Iraq for oil and gas next Wednesday

 

Link: Read more: http://dinarvets.com/forums/index.php?/topic/163985-oil-announces-the-start-of-the-second-conference-on-iraq-for-oil-and-gas-next-wednesday

 

And on to the weekly questions!

 

 

GM Adam. Let me run a dinar rumor by ya I heard at work today. "China has bought

wells fargo and will be buying dinar at twice! their rv'd value" ????

I asked why would china pay twice what they are worth? "Because they have a

deal with iraq for a big discount per barrel but only if they buy with dinars" this is

now #1 on my crazy dinar rumors list. Should I exchange with wells fargo? Lol

 

 

I'll just give it to you straight… that rumor is 87% fluff, but 13% stuff. Of course

China has an interest in Iraq, but they aren't going to pay "twice what it's worth".

 

WF is a business and they make business decisions.

 

No successful business will ever pay "twice what something is worth". 

 

 

Keep it real!

 

 

 

Hi Adam.Would you open up a Warka bank account now or wait until after the

RV happens and have they changed the process of opening one up. Thank You

 

 

My full thoughts on Warka are in my book RV Intel, which is here: http://iqd.me/l/rvintel

 

(That's the VIP link)

 

Hi Adam. First time asking a question. But I was wondering about the auctions of

last week. And why they had double auctions and on Thursday nothing also Saturday

none. Thank you.

 

 

Hi pogi,

 

I know I've talked about this in the past.. thank you for the question. Basically, I've

decided that the auctions are not a leading indication of importance, so I've stopped

paying attention to them. The auctions are a lag measure, which means they are the

result of things that already happened… not something that is going to happen.

 

 

Hidiho there Adam.  What info do you have on Iraqs currency reform plans?

 

Current/recent plans to increase its value to $1.00 then $3.00 range? Stated

time frames? Where on the web can we go to monitor this topic? 

 

Keepin it real here, bud… I hate to be the bearer of bad news, but there is no

public place you can see that information. If they have a Currency Reform plan

that follows that agenda, we are not going to have access to it.

 

 

Hi Adam,  Any thoughts about Maliki visit to Washington to meet with President Obama?  

The U.S., sure could use the money from an RV after this foolish shutdown of the government!

 

Since this is my site, and I get to say whatever I want… I'm just going to say this:

 

I wish the government had STAYED shut down. We weren't going to default on our

debt, which happens to be insanely out of control, and I'd love to see some of these

jerks stop getting a paycheck because I don't agree with 80% of what they do or

stand for.

 

If there was a politician and a lawyer laying in the middle of the road and I had to

hit one of them, I'd have a hard time choosing how fast I should be going at the

moment of impact.*

 

 

*sigh… as much as I hate our legal and political system, I'd never actually harm

a lawyer or politician. 

 

 

 

Hi Adam. In your discussions with banks have you ever gotten an explanation for

stopping selling/buying dinar? The fact that it happened suddenly...

 

There was no "sudden" stoppage of domestic banks dealing in Dinar - it happened

over a gradual timeline, and the decision was made individually by each separate bank.

 

I actually expect banks to start changing this policy soon, regardless of an immediate

RV, because Iraq is working on becoming more stable and they are showing they can

be trusted.

 

I know some detractors out there will disagree with me, but those of us that bought

Dinar back in 03, 04, 05, 06, 07, etc… we've already seen a profit. So I say "Bring it on!"

 

I love this investment!

 

 

And that's it for this week! I'll be in touch as soon as possible, but I am not here to

waste your time. I appreciate how much this community understands and respects that.

 

[calkid11]

GOOD POST ADAM, THANK YOU AND THE MODS FOR EVERYTHING YOU DO... GO RV

[limopeter]

Quick chat and honest answers

[Marj1st]

What an insightful point about the international debt and RV impact for Iraq!  I wouldn't have thought of that. This is why Adam is the my source of info!

[dantach]

The politician is probably a lawyer, hit him.

[okane]

Hey Adam! I like the format but you offered SQUIRREL!  Who can pass on that!

[NevadaSam]

Thanks Adam and like you I would have a hard time with how fast I should go when I run over the lawyer or the politician

 

 

 

No lawyers or politicians were harmed in the making of this statement

[millionaire in training]

Sorry Adam this format of discussion feels impersonal.   

 

I liked the other way better.   Before you gave it a much more personable touch to the chat that we so looked forward to. 

 

Just my 

 

  MIT

[SgtFuryUSCZ]

***///

 

We like !   ...... 

Good talk today ! Thanks !

[new york kevin]

I say aim for the one in the middle. Actually, pray for the both of them.

[Shabibilicious]

Although Squirrel sounds like fun........I look forward to the possibility of guest appearances on "Weekly Update".     

 

 

GO RV, then BV

[Hellifiknow]

Thanks Adam

I just wanted an answer to my friend that wasn't me saying it !!

I'm all in on the dinar !! But I'm about to call a clock on iraq...."sh_t or get off the pot" lol. Go RV!!!

[dog53]

Yeah I like this much better.

all those colors in the chat format makes my flash backs from the 60`s kick in. 

[brbrlocke]

Thanks for the update.

[eburt]

Thanks for the update Adam - I like the update format - but wanted to know will we still be able to ask questions prior to the update to send to Adam?

[olivesman]

LMBO Had to read the update twice (second read was to Olive) before I noticed the SQUIRREL option. Love the format.

 

When I read the comment about the lawyer and politician, I imagined myself MADLY accelerating and then HITTING THE EMERGENCY BRAKE while cranking the steering wheel hard to slide sideways to hit BOTH. 

 

but of course that was in my mind.

 

Love the sinner, hate the sin.

Edited October 23, 2013 by olivesman

[Caye98]

I heard Maliki was coming to discuss the AHC website. Something about he was so impressed by the US gov shutdown and how well the roll-out of the new health care was going, he felt a closer than ever kinship to the US President.    

[Linda]

"Since this is my site, and I get to say whatever I want… I'm just going to say this:

 

I wish the government had STAYED shut down. We weren't going to default on our

debt, which happens to be insanely out of control, and I'd love to see some of these

jerks stop getting a paycheck because I don't agree with 80% of what they do or

stand for.

If there was a politician and a lawyer laying in the middle of the road and I had to

hit one of them, I'd have a hard time choosing how fast I should be going at the

moment of impact.*

*sigh… as much as I hate our legal and political system, I'd never actually harm

a lawyer or politician. (although, my Uncle Guido might be available!) just kidding...

 

Adam,
I concur with that assessment...  

Which ever format you choose works for me Adam...its all good...

[AFC]

thanks, Adam - 

 

This format is much easier to read.  :-)

[idplzr]

Adam, The format used really does not make a difference to those of us that read the chat later. I think this format you are using can be more benefical to you and us members because A. You will not be compelled to rush through a chat if things are busy for you. And B. You can start preparing your summary throughout the week as questions roll in then post it on Wednesdays. I guess as long as we get the questions answered and you have a chance to voice your speculation then it is good for all.

 

So I vote Squirrel!! Your site, Your choice...

Edited October 23, 2013 by idplzr

[VIZIOIRAQI]

Adam, The format used really does not make a difference to those of us that read the chat later. I think this format you are using can be more benefical to you and us members because A. You will not be compelled to rush through a chat if things are busy for you. And B. You can start preparing your summary throughout the week as questions roll in then post it on Wednesdays. I guess as long as we get the questions answered and you have a chance to voice your speculation then it is good for all.

 

So I vote Squirrel!! Your site, Your choice...

  So True on every level & yes  vote squirrel

[BradyBear]

Thanks Adam, it's always Great to see that your on top of things and that what I learn agrees with what you say.  It Proves that this is a Positive place to follow for learning the lastest facts!

Sincerely, BradyBear

[LUHRST32]

 

 

 

I wish the government had STAYED shut down. We weren't going to default on our

debt, which happens to be insanely out of control, and I'd love to see some of these

jerks stop getting a paycheck because I don't agree with 80% of what they do or

stand for.

 

I could not agree more. Thanks for the post.

 

[zul]

TQ Adam  .

[thylocene]

How can you tell when a politician is lying?

 

 

His lips are moving