Adam Montana Posted January 8, 2014 Report Share Posted January 8, 2014 Good morning and Happy New Year to you all! I hope you all had a safe and wonderful holiday season. As we head into 2014 with a long year behind us, I want to take a short moment to remind you to focus on the BIG picture. Sometimes it's easy to get distracted by the little brush fires that constantly pop up in any major event or undertaking… and that is Iraq's situation. They are progressing towards a monumental return to their former glory, and along the way things will happen. As long as they keep progressing, I'm still confident in their upcoming success. Speaking of "monumental" and "success", one of the best bits of news floating around out there is the CBI being accepted into the BIS and expecting an official credit rating shortly. The unofficial rate is "B"… more on that later. The BIS will only be dealing with the CBI (Central Bank of Iraq), not Warka or National Bank of Iraq or any other bank… only the CBI. Turki tells us that "BIS plans annually to invest cash reserves deposited with him by the world's central banks…" Basically, the CBI was just accepted into the Big Boy Club, and the path to major international transactions is opening wide! How can that NOT be good for us?! Here's some food for thought... would it make sense, when ReValuing the Dinar, to use the Credit Rating as a ratio, since the Dinar is pegged directly to the Dollar? I think it's going to have some influence, at the very least! And without further adieu… here's the weekly questions! I will sprinkle some more tidbits throughout. waitingondinar Hi Adam, Iraq stated they began placing tariffs on products coming into the country. I believe they said the tariff is 20% on the incoming products. Don't they need a rate for currency so they will know if the tariff is taxed at a rate that makes sense for the country? Not only do they need a rate, they need imports upon which to collect said tariffs. With the value of the dinar so low, it makes no sense to put efforts into creating and enforcing tariffs. The more I hear about tariffs, the more I say "GOOD! RV to an increased rate so people will be buying things to be imported, and collect the revenue to help pay for the RV. Everyone wins!" TexasMike1958 HI Adam....and HNY. Do you believe the takeover of Fallujah by A-Q will have a negative effect on our investment?? The tariff being implemented sounds good, but this stuff about Fallujah sure doesn't smell right to me. What is your take on it?? Great question, and probably the only negative thing I see happening right now. Luckily Iraq is out of Chapter 7 and is free to fight for themselves, so we should see a quick resolution to this one way or another. new york kevin Hello there and good day to you. How will the dynamics and fallout from this Fallujah dust up effect the dynamics of the Iraqi economic policy, the manuvers of Maliki in public and behind doors. Will Maliki use this as an excuse to squash the rebellion and Sunni people, consolidate and hold onto power in any event; or will he kick them out of Fallujah and chase them back into Syria, perhaps using the new Russian attack helicopters, gain control of Iraq's borders, show how tough he is and then let the constitution and elections rule. and let this puppy RV/RI/increase in value.? Maliki may very well do exactly that! I was pondering the exact same thing over the last couple days. I'll add to your thoughts one thing - US Congress has been delaying sending US arms (including Apache helicopters!) to Iraq for exactly that reason... because some believe Maliki would use our weapons against the Sunnis. If Iraq ends up in desperate need of these instruments, and it finally gets through our Congress and into his hands, we may be looking at a major power shift in Iraq. If that happens, things will move even faster than ever! Hellifiknow Hello adam What's this I hear UN may reinstate ch.7 sanctions? Seriously bad for dinarians I imagine ? But will iraq not need money to fight the crime in their society ? Money can't buy you love but you will need some to run a gov. How long can they keep running iraq on/with a worthless currency? Tks 4 all U do go rv Hogwash. calkid11 Hello Adam, have you heard anything new on the HCL? Was wondering if they were covering it up with different stories. wishing you a late happy holidays for you & your family and all the Mods out there. Thank you for all you and the mods do for us here. Nothing significant, unfortunately. My opinion is that it is ready to go... they are just waiting on the other pieces to line up, and then everything happens at once. mrref ...why would they RV as long as the US Dollar is still available to them?? I mean come on they can live on the US Dollar for however long it takes.. Living on the dollar is fine, but it's still 1166 dinars. They aren't doing themselves any favors by keeping the rate of the dinar low. Once the rate of the dinar is back up, they won't want to use dollars anymore. vietnam1969 Good day Adam, staff, mods and fellow members. Recently I read an article which stated that the Renmindi could be the next reserve currency since the US dollar is and has been losing value for some time now. Considering that China has almost four trillion US dollars in their vaults and God only knows how many dinar stashed away, what is your thought on how this could affect our investment in dinar or would this have no impact on it? Thanks That's a good question, but I don't see the investment being affected by a change in the reserve currency. The value is still the same until it is changed, whether it's written in spanish, english, or chinese. dantach How will Iraq's proven inability to protect their wealth affect the future RV? Actually, I think the opposite is true. Iraq's Dinar lost value at one point in somewhat recent history. Since that time, they have consistently proven their ability to raise and maintain the value. With that said, their track record looks very favorably on their ability to RV. boosterbglee Adam…sorry about your Packers! It was a good effort! That was a GREAT game! I never expected to make it that far, and them boys put in a great effort! Rusty69 Hi Adam; What are Your Thoughts on the ISX being an Indicator or Gauge in relation to the Dinar international Rate? Hey Rusty, good question. Since we won't have significant warning prior to a major rate change, I believe the ISX is a follower, not a leader. =========================== That's about it for this week (SO FAR!). Stay warm, it's cold out there for most of us! 18 5 Link to comment Share on other sites More sharing options...
dontlop Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Great responses 1 Link to comment Share on other sites More sharing options...
dogsutra Posted January 8, 2014 Report Share Posted January 8, 2014 thanks,Adam 1 Link to comment Share on other sites More sharing options...
eburt Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Adam - Back to the waiting game - Like I said before no one really knows whats going on in Iraq and I still havn't seen anything suggesting that they will RV anytime soon - I hope I am wrong..... 1 Link to comment Share on other sites More sharing options...
boosterbglee Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Adam & Mod's!!!! Appreciate your time and knowledge. 1 Link to comment Share on other sites More sharing options...
hoof hearted Posted January 8, 2014 Report Share Posted January 8, 2014 I still think 2017 3 3 Link to comment Share on other sites More sharing options...
W8nomore Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Adam! 1 Link to comment Share on other sites More sharing options...
Gunshow2425 Posted January 8, 2014 Report Share Posted January 8, 2014 (edited) Posted 06 January 2014 - 09:06 AM Good morning Adam.I see lately that Iraq has paid out some contracts in Trillions of Dinar.if the contractor held on to that dinar and it RV'S,would the contractor be a Gazillionaire?just thinking.Thank you,Adam Read more: http://dinarvets.com/forums/index.php?/topic/169168-questions-for-adams-chat-1-8-2014/#ixzz2ppKNj3Le I noticed you skip this important and excellent question by longtime member STEALTH WARRIOR. It was 7th on the list. Any reason why? I was looking forward to this response, if you had one. Edited January 8, 2014 by Gunshow2425 4 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 8, 2014 Report Share Posted January 8, 2014 Mr Montana YOU ROCK. THANKS FOR EVERYTHING YOU DO. 1 Link to comment Share on other sites More sharing options...
skeetdog Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Adam...an you also TGranny.... 1 Link to comment Share on other sites More sharing options...
brbrlocke Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks for the encouraging thoughts. 1 Link to comment Share on other sites More sharing options...
gregp Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Adam. Good post. This should be our year. 1 Link to comment Share on other sites More sharing options...
DinarThug Posted January 8, 2014 Report Share Posted January 8, 2014 CNN. << BREAKING NEWS >> From The DV News Section ..... CNN. Broadcasting Near Sighted From Kurdistan ! Kurdistan: the oil agreement with Baghdad is near 01/08/2014 04:33A member of the House of Representatives for the Kurdistan Alliance, Mohammed Qasim, said that the agreement was reached between the central government and the region on oil contracts is near.According to Qasim's (IMN), that "the recent visits by a delegation of the Kurdistan region, and the statements of Deputy Prime Minister for Energy, Hosni al-Shahristani, are also asserts that the agreements have become very close."He added that "the next few days will witness a development in the relations between the central and regional governments on oil agreements."The Kurdistan Regional Government has entered into contracts with several international oil companies without reference to the federal government, which blew a great debate in the country.http://translate.goo.../news/iraqnews/ Read more: http://dinarvets.com/forums/index.php?/topic/169428-kurdistan-the-oil-agreement-with-baghdad-is-near/#ixzz2ppLJETdz - CNN 7 Link to comment Share on other sites More sharing options...
keylime Posted January 8, 2014 Report Share Posted January 8, 2014 CNN. << BREAKING NEWS >> From The DV News Section ..... CNN. Broadcasting Near Sighted From Kurdistan ! Kurdistan: the oil agreement with Baghdad is near 01/08/2014 04:33 A member of the House of Representatives for the Kurdistan Alliance, Mohammed Qasim, said that the agreement was reached between the central government and the region on oil contracts is near. According to Qasim's (IMN), that "the recent visits by a delegation of the Kurdistan region, and the statements of Deputy Prime Minister for Energy, Hosni al-Shahristani, are also asserts that the agreements have become very close." He added that "the next few days will witness a development in the relations between the central and regional governments on oil agreements." The Kurdistan Regional Government has entered into contracts with several international oil companies without reference to the federal government, which blew a great debate in the country. http://translate.goo.../news/iraqnews/ Read more: http://dinarvets.com/forums/index.php?/topic/169428-kurdistan-the-oil-agreement-with-baghdad-is-near/#ixzz2ppLJETdz - CNN Ha Ha! he said..."The next few days"...Ha ha ha..... 1 1 Link to comment Share on other sites More sharing options...
DinarThug Posted January 8, 2014 Report Share Posted January 8, 2014 Ha Ha! he said..."The next few days"...Ha ha ha..... At Least He Didn't Use A Four Letter Word - 'Soon' ! 4 Link to comment Share on other sites More sharing options...
Sitkadoc Posted January 8, 2014 Report Share Posted January 8, 2014 I am, once again, encouraged. Thanks for that and all you and your gang do. 1 Link to comment Share on other sites More sharing options...
dontlop Posted January 8, 2014 Report Share Posted January 8, 2014 I do remember seeing that un official credit rating somewhere in the past Hopfully the new official rating will be higher Iraqs debt to GDP is 31 percent The USA is 101 percent It would seem Iraq is in a position to make payments better than the USA who has a triple AAA rating But I'm sure there's other factors in play here like security 1 Link to comment Share on other sites More sharing options...
chess Posted January 8, 2014 Report Share Posted January 8, 2014 (edited) GET those drones and Hellfire missiles over there NOW!! WOULD HATE for the CBI to have to ask permission from al-Quida to RV!! Edited January 8, 2014 by chess 1 Link to comment Share on other sites More sharing options...
calkid11 Posted January 8, 2014 Report Share Posted January 8, 2014 Thank you Adam and Mods for all you do, a good post today and Thank you Thug for your post... Just a little while longer we hope.... 2 Link to comment Share on other sites More sharing options...
vietnam1969 Posted January 8, 2014 Report Share Posted January 8, 2014 Adam There were some very good questions for you today and many thanks for your honest answers. 3 Link to comment Share on other sites More sharing options...
Gogee bin Posted January 8, 2014 Report Share Posted January 8, 2014 thanks Adam, Happy New year to you... 1 Link to comment Share on other sites More sharing options...
Dino the Greek Posted January 8, 2014 Report Share Posted January 8, 2014 Thanks Great responses Agree. Very succinct and informative. 2 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 8, 2014 Report Share Posted January 8, 2014 (edited) I believe we are no longer AAA+ 2012[edit] Although as of September, 2012, none of the Big Three have taken any downgrade action after S&P's August 2, 2011 downgrade from AAA to AA+, Egan-Jones downgraded twice further in 2012. After its initial rating cut on July 16, 2011 from AAA to AA+, Egan-Jones cut its rating a second time on April 5, 2012 from AA+ to AA "because of the lack of any tangible progress on addressing the problems and the continued rise in debt to GDP."[30] On September 14, 2012, Egan-Jones cut its rating a third time from AA to AA-, the lowest of what is considered "high grade", as a reaction to QE3.[31] 2013[edit] On October 15, 2013 the credit agency Fitch warned that it may cut the U.S. credit rating, citing the political brinkmanship over raising the federal debt ceiling. [32] On October 17, 2013 Dagong Global Credit Rating downgraded the United States from A to A-, and maintained a negative outlook on the country's credit.[33] Consequences to Credit Rating Agencies[edit] This is from Wiki...I know not the best link...I will look for something more reliable later http://en.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades Edited January 8, 2014 by SnowGlobe7 1 Link to comment Share on other sites More sharing options...
Hawaii 50 Posted January 8, 2014 Report Share Posted January 8, 2014 Really I waited like two weeks for a chat. I like football but don't you think we could have used that one question for a real valid answer to some serious issues with Iraq? 7 5 Link to comment Share on other sites More sharing options...
boosterbglee Posted January 8, 2014 Report Share Posted January 8, 2014 I was lightening up the conversation because I knew how "swamped" with questions Adam would be today! I'm pretty sure he wasn't limited by the space my one question took! Why so serious? All we can do is wait! 10 Link to comment Share on other sites More sharing options...
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