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Tlar's Site Members Discuss Tlar's $3.71 Bank Story !

DinarThug

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CNN. Broadcasting From Reno While Handing Out Bottles Of 'Beano' !

 

 

 

 

BlueyesinLevis:   My friend who got me in.. has a lot of his IQD deposited, counted, verified by De La Rue machine.. and is waiting for the dang RV for his pre registered and verified account to be funded.

-I think it is a big gamble to do that.. but he did it. As a small timer.... I was not invited to join the group.

I dont know the ins and outs of it.. but I will verify that something is going on.. has been going on with the large groups for some time. I have mentioned this before here.... but I prefer not to make it a big deal.. I am not part of it and I dont know much beyond what I just said.

-Much of it is simply dismissed as "Guru Nonsense".. but whatever is happening... something is happening...  my bud gets daily updates.... hints and clues... etc. He wont tell me much.. because that is part of the deal. Personally.. I think he went from thinking it would be an early exchange.. to realizing that it is still contingent on the CBI lifting the rate first... and then they will be the FIRST to exchange. That is about how I look at it.

-Like I said.. I dont know what the heck is going on.. I am just waiting patiently for the CBI to pull the trigger. I am not focused on either a date or a rate.

-It may be an oxymoron.. but Folks..   we are closer than ever before!  lol  :)
~~~
 
Rockstar:  Hey Blue just a quick question if I may and if you don't mind disclosing. This bank that your friend deposited with is it safe to say it was with one of the four major banks? I am sure you don't want to say exactly what bank it is and that's ok but if you can that's cool too!

Oh and thanks for that further clarification of what Tlar has said with his experience in his email here this morning, just gives more validity since you know someone that has done the same thing!

Fred:  If I had a bank and knew of millions of dollars (dinar) laying around the neighborhood collecting dust, I would try to entice folks to let me hold it for them. Just in case it did become valuable at some point, my bank would already have a relationship with the owners of those millions.

Besides, what does it cost the bank to store a stack of cash... Not much. But look at the potential gain of having that stack of cash become worth a fortune and already be sitting in my bank. Until the banks start cashing dinar into dollars nothing has changed. I do think there would be an advantage to being at the front of the line and that's what these bank deals seem to offer.

Frank:   If this becomes one of the many International currencies  shouldn't we be able to go to our local bank and exchange it for USD ??  i spoke with a banker (wealth manager) a long time ago about the potential future exchange that is hopefuly going to happen -   the response - when it happens -  I will take my dinar to the teller window and it will take about five minutes to exchange. This is a given.  The questions surounding this deal are a bit more complex, IMO.

Aaanth:  actually, that IS the one true answer.  when this happens thats exactly what you'll be ABLE to do.  go to the teller's window and get USD for IQD.  no doubt about it.

the more complex questions and issues are is that what you  WANT to do?  the tax implications, the visablility of your money for all the world to see, all of the financial planning ahead of you needed to maximize you investment.  these are the questions that a person should have a handle on and have consideed way ahead of time.

many have said, "i'm just going to pay ALL of the tax and get on with it"  ok, fine.  if that's what you ACTUALLY think is best, then go ahead.  but there are other completely legitimate vehicles to hold on to the maximum amount of your ONCE IN A LIFETIME WINDFALL that, with just a little research, one can do just that.

i'm not advising anyone to do anything other than what they want to.  i'm just saying that there are choices that the smart investor should be aware of before jumping off a cliff that there in NO RETURN from.

ask yourself this question...  do you want to be one of the people like the lottery winners who walk away with millions only to be flat broke within 3 to 5 years?  or, do you want to be financilally secure for the rest of your life and for generations of your family to follow?

these are the harder more complex questions...

--there is no higher reality than the truth...

Sun Devil:   The only reason I'll entertain a bank story and rate of $3.71 is because it's coming from TLAR.  I've been in this for more than three years and have suffered through the same mountains of BS you all have and I usually just roll my eyes with the above statements. 

But having followed TLAR for a while I recognize it's only been the past couple of months that he's put himself out there.  It's out of character for him and I'm willing to keep an open mind.  Keep the opinions, emails, updates coming.  I look forward to your thoughts more than anyone elses in this game.

KJWayne:  As the old saying goes," it's not that hard to make a million dollars but it is twice as hard to KEEP a million dollars". Think, Plan and think again before you commit to anything.

-Parksutton:       Time and truth........ August 5th is not that far away

Buttercup:   Blue, only question I'd love to ask, if you know and are comfortable sharing....

-Re your friend and the bank set up....did the De La Rue verification take place right there in front of his eyes...or was it one of those, "we need to take your IQD and send it out, trust us" scenarios?  Curious about the time lapse.  Again...only if you're comfortable sharing. Thanks, Blue.    :)

Gsjr:   Please correct me if I am wrong, I thought RK  (Randy Koonce)said there would be financial planners and tax attorneys at the post-RV meeting in Austin.  If so, hold on to your Dinar, take notes and seek out a Certified Financial Planner and a Tax Attorney. 

They will help you set up legal tax avoidance and tax shelters. Note, I did not say tax evasion. Do not misconstrue this as legal advice. I'm just saying this is what I am going to do. I also agree with alot of what aanth said in post #1217.   Gene

BlueyesinLevis:  I dont know a lot more.. Yes it is one of the big four.. so I've been told.... I was not there.... he said he has seen the De La Rue machines when he flew there.... but I dont knwo any of this for fact.. except that my bud swears what he told me is real.. he is still telling me the same story.... as he waits.. like us... but in the catbird seat.. according to him.

-look.. I was simply trying to say.. Tlar aint crazy.. he aint Okie.

-There is SOMETHING going on.. and has been for some time.... I dont know exactly what it is.... I wont claim a lot of inside scoop.... I'm just telling you... I know of three groups... four if you count Tlar's... and SOMETHING is up.

-Hey maybe it is all just a clever scam. and by buddy and Tlar got contacted by them. I dont fault him for sharing with us what happened on his journey.

-We are all on the same team.... our friends and family wait alongside us.. and its all gonna be what it will be....

-Please dont ask me any more questions... 'cause I dont know anything more. Seriously.. I have no  big secret... though I thought I did when this all first happened. Now .. heck.. you have ALL heard rumours of this for over a year now.   -Patience.     -Serenety Now ~ Frank Costanza

Rockstar:   Thanks so much Blue I think that is all anyone needed, you are also well respected and I knew you long before Tlar so I was looking for some validation I guess! We are definitely sitting pretty so far and once the new PM is elected it will be a great day for Iraq and us investors I truly believe!

Shanny:  Gsjr,  Let me take a moment to stress the fact that the event in Austin after RV is NOT a Currency-Chatter sponsored event. As a matter of fact, we encourage you to rethink attending this meeting.

Don't get me wrong, we love Randy and he has everyone's best interest at heart.

Currency-Chatter is concerned about the safety issues that can arise from getting a large group of  millionaires in the same place. There are nearly 14,000 people on this site and more than likely not many of you have met each other and had face to face conversations with each other.

I could be a man for all you know. There are a lot of people out there waiting to take advantage of you after RV.

This Austin meeting came about because a small handful of us wanted to get together after RV and compare notes on the things we learned and had been educated on by our own personal financial teams.

As soon as Randy opened this up to the whole dinar world, the original group checked out and you won't find any of us there.

Our advice to you... Take your time and call around to banks and wealth management firms. Interview them and then hire the people that you feel will do the best job with your money. Most banks have personal bankers that will help you with all your financial needs for little to no cost.

Laura:     Thank you, Shanny.  Words of wisdom!....There will be many out there that are looking to separate you from your dollar, and your dinar.  Am sorry the world is this way, but, it is.

The bank stories make me go....hummmm.  But because Blue tells of his friend, and experience with the bank....I believe Blue.  Yes, I do...and Tom, I believe you too, and thank Blue for encouraging you to come here.  There are many good people on this site, just trying to help one another, and for that I will always be grateful.

Though was raised in a small town, still have to remember....just because someone is friendly, it doesn't mean...they are your friend.  You will have the money to check people out before you get into trouble....so do it, and be careful.  The world...is just that....the world, and how I wish it were different.  Maybe each of us....will do our small part...to make a difference.

God bless each one of you, as sincerely believe...this really is almost here.

Mike:    I'm with you, Luara, bank stores are a thing of infamy among the folks who hold dinar. Every bank story we've heard in the past has amounted to exactly nothing.

I know it's a lot to ask, but can anyone put me in touch with a bank that has this information about exchanging the dinar and what the expected rate will be? Or an investment firm? Heck, I'd even like to talk with someone that has already participated in this program. Thank you in advance!

 Phillyman:   Great advice Shanny.  I think one of the biggest scandals will take place post RV when the phonies in the community will convince those with smaller amounts of IQD how to multiply that with some great investment scheme that only they know how to do.

The great financial planners are known now, they are not in hiding.  THey have real names and organizations.  Barrons and similar publications rate them.  We have a guy in Philly that has been on the air for years and has a great organization.  Praying we all need advice soon.  Go RV.

Seraphim:  I am posting this for fun! Numbers have always interested me. I don’t go crazy about them I simply take note of them because they are interesting. The rate that Tlar has shared of 3.71 got me to thinking about them. Don’t take this too seriously it probably doesn’t mean much, just for fun!

Bible numerology is the study of individual numbers in Scripture. It relates particularly to the meaning of numbers, both literal and symbolic.

Conservative scholars remain cautious about assigning too much importance to numbers in the Bible, as this has lead some groups to mystical and theological extremes, believing numbers can reveal the future, or uncover hidden information.

This, of course, delves into the dangerous realm of divination. Meaning of numbers in the Bible: One - Denotes absolute singleness. Deuteronomy 6:4
"Hear, O Israel: The Lord our God, the Lord is one."

 Three - Signifies completion or perfection, and unity. Three is the number of Persons in the Trinity. Many significant events in the Bible happened "on the third day" (Hosea 6:2). Jonah spent three days and three nights in the belly of the fish (Matthew 12:40). Jesus' earthly ministry lasted three years (Luke 13:7).

John 2:19
Jesus answered them, "Destroy this temple, and in three days I will raise it up." Seven - Refers to the number of God, divine perfection or completeness. On the seventh day God rested after completing the creation (Genesis 2:2). God's Word is pure, like silver purified seven times in the fire (Psalm 12:6). Jesus taught Peter to forgive 70 times seven (Matthew 18:22).

Seven demons went out from Mary Magdalene, symbolizing total deliverance (Luke 8:2). Exodus 21:2
When you buy a Hebrew slave, he shall serve six years, and in the seventh he shall go out free, for nothing. The number 153 is a biblically significant number!

Symbolizing abundance, 153 can even represent an OVERFLOW blessing from God. The Bible states the disciples marvelled at the fact that their net held together even though it contained so many large fish (John 21:11)!

Additionally, the catching of such a large amount of fish happened only after Christ became involved in the work. This is a subtle (or perhaps not so subtle!) reminder that without Christ the disciples' (and any believer's) attempts to accomplish something great on their own will fail, but that with Jesus all things are possible (John 15:5).

Lastly, the 153 fishes is reminiscent of a previously abundant catch Peter, Andrew, James and John experienced when they were first called to follow Christ and become fishers of MEN (and not food).

Given the disciples were trying to go back to their pre-conversion employment when the miracle occurred, it likely reminded them that they now worked for God whose will it still was for them to catch men and not fish. The sum of cubes of the three components of 153 gives as result 153: 1^3 + 3^3 + 5^3 = 153. Three other numbers have the same property: 370, 371 and 407 

KJWayne:  I'm going to Austin to meet Randy and to eat BBQ! If I meet and greet some of the other people from the Dinarland, so be it. CC is a great forum and I hope it does not go away. It can be used by us to tell of new avenues that will open up and some of the pitfalls to avoid . Common Sence goes a long way . Don't flash and you won't get noticed. Stay with your group  and stay alert. Oh and enjoy the BBQ!  :D

Tlar:   Serphim,  What did you think of the Cynthia Laguard (Head of IMF) speach in January.  tlar

Serphim:    Tlar,  I was singificantly impacted by her remark even though she quoted the verse backwards! But of course it resonated with me and I definately took note.  I believe that there is something going on here that is provedential in nature. Once again, I don't want to put too much stock into it, but it got my attention for sure!  Thanks for your updates I find them most encouraging! Keep up the good work!:)

Ralph:   Delete the zeros and the new currency you are the solution to combat inflation?

By: wab on: Mon 21/07/2014 23:24

 * Citizen afraid and government decision is still delayed!!

 * new currency wants citizen great value and low volume!

 Baghdad news / achieve /

Duraid Thamer still cash transactions in the Iraqi market needs to finance the cash many and transfer funds in the form of bags in case of transactions of large,

 may be reforms in the payments system and the policy of the monetary authority by issuing a new currency and the abolition of three zeros from the currency will contribute to ease the payments system and the elimination of waste inflation  and handle the mass of strong cash and easy order for the Iraqi citizens to buy a small amount of money a large amount of goods.

Will issue a new currency is the treatment of liquidity? Why not be the currency of cash in a small place ease the process of buying and dealing between the citizen and the markets?

And when it is achieved the dream of the citizen to carry small amounts of cash to buy a large quantity of goods?.

((Baghdad news)) I spoke with a number of citizens and owners of competence in this subject and came up with this investigative reporting.

 important step * Hassan Abbas Mohammed (employee): We hear daily Many of the projects that will contribute to increased economic development in the country, including the issuance of a new currency and coins metal,

 it is true that the coins had been raised previously and distributed in the salaries of employees and retirees, but to deal with them was in a narrow range Kajor transport, for example, and others, but gradually disappeared,

 so we hope that be of such projects in the case of approval of important steps and serious in addressing the liquidity in Iraq as the largest coin found in daily dealings between the hands of the citizens are (25) thousand dinars, which is the purchasing power is not Balqoah.

 reviews and study * Fuad Ali Abbas (Diploma Administration and Economics): processors economic still need to review and study going on between now and then because of the changes that will occur at the level of the country and the world,

 for example, the issuance of small coins, as was the Iraqi Central Bank to deal with previously did not work and did not also considering the reasons for failure with that we were desperately needed for the absence of these groups currently and that they facilitate the process of dealing and purchase between the citizen and the markets while became handle groups of small almost non-existent and the category of (500) JD is the dominant currency and the least in transactions in the markets or in transport fares.

 * said Fathi al-Nuaimi ( employee in one of the private banks): The Iraq currently need economic support for its currency by not sleep to the current currency through the issuance of other currencies to financial markets and substantially similar to currency global foreign sedentary category (100) dollars,

 Valtaamlat cash still has to finance large cash which leads to delay the process of financial obligations in major projects and the difficulties faced by those projects such as transferring money in the form of bags in case of trading large.

 wish Deferred * and wished Lamia military (an employee at the Ministry of Commerce) from the Iraqi Central Bank to work on reform of the payments system in Iraq and activating the policy of the monetary authority in accordance with the economic outlook  and plans for the correct strategy without financial imbalances in the future when it is applied and through the issuance of a new currency and the abolition of three zeros from the new currency because it is one of the important measures that need special operations reforming the management of the currency,

which will be reflected in the ease of the payments system and Then eliminate the remnants of inflation frightening that we hear about every day so that we can treat the mass of strong cash and easy.

 * called Ali Anwar (shop owner Zamzam to sell groceries in the neighborhood of teachers) saying: suffering constant when shopping some goods to Mahna from commercial markets near and far for our house because of the large quantities that I carry with me when buying

 I do not hide a secret that I draw some psychological distress through the apprehension of robbery with such large amounts of money because I do not wish that I deal with a large amount of money to buy a small amount of goods

and I hope that I am dealing with a small amount of money to buy a large amount of goods  and this only gets issuing currency cash reduced these amounts in our pocket or purse that I carry, similar amounts of dollars that I can carry them (30) sheet of the category of (100) dollars with ease while I can not carry (35) million in my pocket without Note one of the citizens when I buy goods Mahna. victim of poor

* confirmed Ahmad Ayyash al-Husseini (Driver): Any plan set by the authorities responsible for the economic side in Iraq should bear in mind the lack of prejudice to the national economy and citizens in the case of approval or implemented because this will be reflected on the income earners limited live their day success of economic projects

will include everyone but damaging (God forbid) will fall on the warheads of the poor who are working to earn their daily bread and who do not Imklon source of livelihood Thayet such as employees and retirees.

*ridiculed Muhannad Hussein Hamid (earner) of fears that he hears from some citizens on the draft issue currency and delete the zeros of them, saying:

We do not care that issued a new currency or omitted zeros including the fact that we get to go in the day and we can not spare him nothing but the fear of the owners of the millions who hoard gold and silver without the benefit of it in the investment might benefit them and taken advantage of the country it however I am with the issuance of the new currency deleted zeroes them whatever the shape and size because dealing with it as we have heard not be compulsory after putting them on the market, but little by little you will find a citizen to deal with it will not cause any damage to the national economy nor the citizens and this opinion humbly.

http://www.baghdadnp.com/news.php?action=view&id=21072

BlueyesinLevis:  My buddy is wealthy. He has told me many stories of the Wealth Managament division of his bank(s) and the perks and special treatment he has received for years.

 Lists of foreclosed homes available to him in advance of them being available to the public.

Same with repossessed vehicles. All kinds of special stuff that WE NEVER HAVE A DREAMED OF EVEN BEING INFORMED OF.

-You can’t just walk into a bank wearing your sweats and be treated like a king. Like it or not.... stuff happens beyond our realm.... and it is no surprise to anyone with money.... that some division of the banks is lining up their wealthy clients first. -C'mon. this thing ie REAL or it is NOT REAL. Seriously.

-We expect that this is gonna be our new reality... do you truy think the banks wil be caught flat footed....simply because they are not telling the local drywaller all about the workings of their wealth management division?

-And truly.. that is all the bank story we are talking about here.. and there have been many of these rumours for over a year now.

-Ask yourself.. is this Currency Play REAL?  If so.. then why are you surprised that you are hearing what Tlar is telling us?

In my mind.. if the banks were NOT doing something like this.. I would think this thing is NOT REAL. I have more confidence.. because I KNOW that something like this is going on. 

Wealth Management divisions of banks do not worry about convincing the little people about their behind the scenes activities.. plain and simple. They do not WANT us to know. -I'm out.

Mike:  Lol, I know, but I'm an optimist and remain hopeful that one of these days a bank story will play out. I mean no disrespect to the board, but just once I'd like some corrobative evidence to the validity of their existence.

 That's why I like the articles so much, you can judge the truth and accuracy by how many times it's posted and by actions taken during or after they're posted.

While I believe that a bigfoot or Loch Ness creature exist, until I see evidence, I'm a skeptic.

I've never seen a public statement by any bank, large or small, that address the future of the dinar.

 They always say pretty much the same thing, the dinar is an exotic currency and few actually deal with it. I do, however, remain hopeful that someone can provide even the minutest shred of evidence to these actions, I will publically swear to keep it confidential and will keep the source anonymous.

Mike:    How would the Wealth Management divisions discern who the "little people" are?

The return on this investment will make all of us wealthy, wouldn't they like to get their hands on my dollars as well? In my small group of friends we would easily qualify as high net worth investors that would be extremely attractive to a wealth management group.

 I've yet to see how behind the scene's info has benefited anybody, wealthy or poor. Like I said, anybody with a shred of proof PM and we can work out a communication system that is anonymous to all parties. Thanks in advance for your consideration.

Issues:    Thanks again for the posts! With regard to the deletion of the zeros, it has always been my belief that this just meant the introduction of the lower denoms.

In 2009 on the Iraq minister of planning's website - with regard to the planning and design of rebuilding infrastructure etc. it stated the plan is predicated on $3.208 USD to one dinar after the currency was re-instated revalued et.al.

It was anticipated that the RV of the dinar would have happend before now. Also it was my understanding that all the currency   was printed including the lower denoms at one time when they got rid of Suddam currency.
They knew that when the currency was returned to its value Iraqis would need small notes with which to use when  making purchases.

IMO eliminating the three zeros just means introducing the lower denoms which would coincide with the RV.

KJWayne:  It isn't a cake for sale until the cake is ready!  When it is time for the dinar to revalue then we will see the banks say " come on in".
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sportfisher Newbie

sportfisher

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It was anticipated that the RV of the dinar would have happend before now. Also it was my understanding that all the currency   was printed including the lower denoms at one time when they got rid of Suddam currency.
They knew that when the currency was returned to its value Iraqis would need small notes with which to use when  making purchases.

 

 

14 denominations were minted all at the same time .

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kjwayne Newbie

kjwayne

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I am a member of Dinar Vets, another site and People Dinar. Does that make me a bad person? NO! I have respect for my fellow man until he proves that does not deserve that respect. Knowledge is good . Looking in one book will not give you a true vision of the big picture. Think before you speak.

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yendor Proficient

yendor

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"I dont know the ins and outs of it.. but I will verify that something is going on.. has been going on with the large groups for some time. I have mentioned this before here.... but I prefer not to make it a big deal.. I am not part of it and I dont know much beyond what I just said.

-Much of it is simply dismissed as "Guru Nonsense".. but whatever is happening... something is happening...  my bud gets daily updates.... hints and clues... etc. He wont tell me much.. because that is part of the deal. Personally.. I think he went from thinking it would be an early exchange.. to realizing that it is still contingent on the CBI lifting the rate first... and then they will be the FIRST to exchange. That is about how I look at it."

 

The guy that got ME into the dinar chase has told me of things like this for the past several years and we are all still in the same place as always.  Whether it's intended or not, but it seems to be a broker's dream that so many people take these bits of information as legitimate and rush out and purchase even more Dinar..... only to sit and wait and wait and wait, but waiting with even more Dinar Not me, than previously. Not me, I made a decision as to how much I could afford to lose and still be happy with my return if/when this RV ever happens. What's that story about pigs getting fat and hogs getting slaughtered or something like that ?


 

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jcav Newbie

jcav

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Where do these people come up with these names? Blue eyes in levis, seraphim, aanth...........

Fred?

 

I know.  Why not use your real name if what you are claiming is true.  No one is going to find and kill you if it's not.  Well, on second thought?

 

THINK ABOUT IT, IT'S FUNNY

 

It is funny.  I love the mountain goat one too. 

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DinarThug Newbie

DinarThug

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Here Is Tlar's Crowning Document ...

Tlar: 28 July 2014 Baghdad newspaper of integrity.

The head of the National Alliance, the Alliance is the largest parliamentary bloc in the House, he was announced in the media and in the presence of all the coalition parties including the State of law coalition.

Ibrahim Al-Jaafari said in a press statement that "the National Alliance is the largest parliamentary bloc, and not the State of law Coalition," and. Adding that he "is not named the largest parliamentary bloc during the first meeting of the Parliament", adding that "but we stood in front of the media, read a statement to that effect in the presence of all the symbols of the National Alliance, including the State of law."

Tlar: I am posting this because of the importance of this. I am sorry if it is already posted here somewhere, but it is the crowning document being as al-Jaafrari is not just the head of the National Aliance but he is also part of the SOL. (State of Law)

~~~

The three blocks within the SOL, Jaafari's block, Badr block and the DAWA have all announced they no longer share the same position as the leadership of the SOL.

They have by all definition defected as the SOL leadership continues to stand behind Maliki.

Although the DAWA, Badr and Jaafari's blocks don't amount to many MP's, their leaders hold a certain amount of prestige with many members of the SOL, especially the new members (40).

They are the crack in the SOL's ***** of armor.

I would expect that were the NA vote held today, I feel it would be - Coalition comfortably over 100 and the SOL about 78 or less.

.

The task now is to get everybody in the coalition to decide on one nominee.

They have honed it down to three, two of which is Chalabi and Mahdi.

I think we should have a uniform vote by Wednesday at the latest and it is possible that Jubouri will call them back into session before Friday of next week. tlar

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TrinityeXchange Newbie

TrinityeXchange

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after going through the madness of wedding planning 1x, aint no way in hades i would do it 4.  i told my wife, "this marriage better work cuz i will never go through this again!"  it almost like moving a house which in itself is madness.  the next time i move my home, i will just hire a moving company.  some things you can only endure once.

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DinarThug Newbie

DinarThug

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Here's Tlar's RV Vs Float Chat ...

Geezer: Something to chew on as we pass the time......I sure hope that Tlar's perspective/intel is correct with regard to the RV/rate vs. Kap's float theory...

Currencies don't revalue when they change Exchange Regimes, they simply move from one to another. So the current rate is 1166 which means when they enter Article VIII and a new regime it will be at 1166.

That being said, it won't stay there long. Every expert that I have ever seen has stated it is under valued which means that it will rise.

And if Iraq lines up the economic activities as we stated, it should be like turning on a kitchen facet because once the CBI opens the Capital Account, investment will flow into Iraq and put people to work, new constructions, businesses, etc.

~~~

Which will cause inflations with a fixed currency...so the dinar must rise as a result of transition to a market economy.

In fact, reading the "transition to a market economy" documents...state the central bank must move to the new Exchange Regime prior to opening the Capital Account.

Which is great news for us because it gives us a timeline. Also, it make no sense for the CBI to RV prior to moving to a new regime as they would be forgoing profits (which is what the CBI wants) as the dinar rises.

No international banks or central banks are going to just take "a leap of faith" on some RV of the dinar at say 1 to $1 rate. This is a much more complicated matter than just some simple RV...

As Saleh stated...they want the dinar to be a "hard" currency (which means it must float) and be traded around the world and held in central banks for a very long time.

The only way that happens is if the dinar appreciates gradually so the bankers can profit.

BlueyesinLevis: Tlar has very thoroughly explained what we can expect.... and has detailed how the float was a Shabibi plan to do an end run around Maliki.. and we know how that worked out... and now things have reverted back to the original plan.... and the "facilitator" and the "float from 1166" are highly unlikely. -All we can do is watch and wait... -Patience.

Tlar: I MO Kap has missed something along the way. I hate to keep quoting the 2008 strategic study commissioned by the CBI but it concluded that far back that Iraq with its resources in 2008 could support 1.13 dinars to 1 USD.

The reserves were sitting at around 30 billion at the time (not the 100 billion they are today), and they were producing 1.5 mbpd (not the 4 mbpd they are today).

No gold had been discovered as of yet and the CBI did not own any gold then (certainly not the 120 tons as it does today.

Their was no relationship with BIS with deposits in the billions being made into BIS, and they did not have the other assets reported to be 180 billion which includes the DFI had not been released and earmarked for the CBI due to the fact THEY HAVE BEEN RELEASED FROM CHAPTER VII.

The point I am making is what's changed from 2008 when it was determined back then the currency was worth 88 cents per dinar and the plan was to RV the currency per Shabibi according to the strategic study? I will tell you.

Assets, and more assets, and some additional assets. Added altogether and if it were ever to be published on their stinking website, it is: 100 billion in foriegn currency reserves, 120 tons of gold 82 billion released early last Oct-Nov which I think because Maliki had stated he was going to get the money, Turki deposited in BIS, and the additional 180 billion the US just stated was being released in the US of property, financial instruments, bank accounts and DFI funds.

Somebody please tell me again how is it that a country that is this wealthy cannot RV their currrency? Remember their neighbor next store Kuwait, has less the 40 billion in their reserves and only produces 1.5 mbpd (the same as Iraq back in 2008) and has a currency worth $3.48 USD per dinar?

What is he missing? What am I missing? By the way Kap banned me because we did not see eye to eye on this exact subject and because I could not swallow his float theory. tlar.

Rileysetter: don't agree with the float from 1166 theory either. However, I am not sure comparing Irag's currency with Kuwait's currency is comparing apples to apples. The most glaring difference for me is the shear size of the M1 currency supply of of the two nations. Kuwait has 9.5 billion in Kuwaiti dinar (M1) in circulation while Iraq has an estimated 73 TRILLION iragi dinar (M1) in circulation. That means Iraq has 7000 times more currency in circulation than does kuwait.

Economics should tell us that everything else being equal, Kuwait's currency should be more valuable than Iraq's. And yes I know, not everything else is equal. Iraq has a larger economy, more reserves etc.

http://www.tradingeconomics.com/iraq/indicators

http://www.tradingeconomics.com/kuwait/indicators

Rockstar: Good thing it's value is not tied to the M1 currency than because if it was and it does float from 1166 as Kap thinks then it will go to probably 11660 if it were to float based on M1!

Please do you research before posting this ridiculous theory, but it will give you a brief synopsis, the only thing they have to include is what is "in country" when determining a base value or starting point but of course a countries reserves and economics play a huge factor as well.

As we have seen they have also changed what is allowed to back a countries currency including oil!

Sorry to be so short but it just gets under my skin when something like this gets posted, ask yourself if you truly believe that their value is based off the M1 Value of 73 trillion than I would suggest you sell your dinar to anyone for $800 and get out, jmo!

Theloupe: First, let me say I basically agree with your point and really appreciate all you do here, but you asked a question, so I will address it...

Yes, the assets of the CBI are key, but you also must look at the number of currency units representing those assets. If there were only 1000 dinar in existence (whether Kuwaiti or Iraqi), each dinar would represent 1000th of the assets you mentioned. Making each dinar incredibly valuable.

If there are 100 trillion dinar, then each dinar is not so valuable because the assets are spread thin over so many dinar. This was a big stumbling block for me to get over before buying dinar.

If there are 30 trillion dinar, then how can Iraq handle such a large rate? It was presented to me that other countries (primarily the US Treasury/Fed) would help facilitate the RV by storing up dinar for oil credits. This seemed plausible to me, but without some proof this is a leap of faith.

I felt the Lord was leading me to this, so I could take that leap. The quantity of currency is the issue that must be dealth with if addressing the potential for RV logically. Leaving that out of the discussion makes everything else irrelevant.

Another thing that has developed over the years is Iraq sucking the currency off the streets, so perhaps there is not all that much in circulation?

I'm probably not stating anything you don't already know Tlar, but throwing it out there none the less...

TheLoupe: Looks like Rileysetter beat me to the punch. NOt sure why you're getting upset Rockstar.

Riley was bring up basic economics. If all of us holding dinar outside of Iraq turn in our dinar at once and want $3 for each, we would bankrupt the CBI in no time at all.

There has to be a plan for this or it simply doesn't work. I personally belive very strongly that there is a plan for this (I believe that RV will happen Aug 4th...might as well become a guru since I'm posting anyways :)) So, if we assume there is a plan, than everything is ok. But you can't fault someone for wondering how that will happen.

Tlar: rilleysetter, The currency in circulation is at issue here not all the currency ever let out of the CBI.

Any currency you or I hold or any investor holds is not considered currency circulating.

Any currency held in any currency reserve in any Central Bank world wide is not considered circulating. Currency not released from the Central Bank of Iraq is not considered currency circulating.

Saleh said at the beginning of 2012 there was estimated to be 4 trillion circulating at a time when the CBI had let out 30 trillion ish.

The CBI does not publish this number of circulating currency because there is no requirement to do so and it never has.

At the beginning of 2014 the CBI reported it had 35 trillion total dinars ever let out and by the end of of June of this year because of the auctions, we assume there was less circulating than at the beginning of the year 2012.

About October of last year the CBI reprinted bills to change out the circulating dinar.

They printerd only 5 trillion but they would have printed more than they need as do all Central Banks do when they print just to make sure they don't runout.

Any excess they printed is not considered circulating until it is so there is no penalty to print more than you need.

They have been on a mission to replace the existing worn out circulating currency 1 for 1, meaning they are not increasing circulating currency one dinar. They are retiring one as they release one as one comes in. Much like it is done here in the US.

When they printed the 5 trillion in the same article they stated it was to replace the 2.7 billions of USD value that was circulating.

2.7 billion USD at 1166 is approximately 3 trillion circulating showing a reduction from what Saleh had stated in the 1st quarter of 2012. They also have required that all banks in Iraq wishing to sell USD, deposite all thyeir dinar with the CBI.

This is then turned into an electronic number in USD with which these banks can make withdrawals from in USD to sell to the public. We have no way of knowing how much this took off the streets and has continued to take off the streets since its inception but that has to be a large number.

But since they printed the 5 trillion dinars the auctions have continued and more dinars have been brought in. No body knows how many dinars are still circulating as of this date but I would hazard a guess at less 2 trillion left in circulation especially with that great move by the CBI sucking in all the dinars from the independent banks in one move..

If you get a chance and have the time, look up and read the about the IMF and what is required in the way of reserves and what it is supposed to cover.

Having reserves and assets such as gold or other assets that are considered "liquid" and how they are considered in the cover of a countries currency It is not an easy look up and also deals in things like debt etc. but a there are many many articles on this and it is confusing.

Overall there is a lot to be learned from this kind of study and it is worth the read.

The thing that comes through as you read these opinions and articles is that each country is judged on many different factors but it is that Circulating Currency is what we need to be looking at on a country such as Iraq, and not how much has been let out of the CBI. Hope this helps in your quest. tlar

Rileysetter: Thanks for that explanation. Very much appreciated.

BeastMaster: Guru theloupe - that has a nice ring to it.:). Curious - why do you believe we see an RV Aug 4th?.

The Loupe:: BeastMaster, I probably stated that a bit too firmly. If I solidly believed that, I would spend the next week quite differently than I plan to spend it.

I had a dream a couple weeks ago in which a guy told me it would happen Aug 4th. That's all I remember of the dream.

If this had happened at another time I might be completely convinced this was from the Lord because He has spoken to me in dreams multiple times.

However, my wife is very pregnant and tosses and turns alot which is making me wake during many bizarre dreams. So I have no certainty whether this is from the Lord or of my own soul. But hopefully it was indeed from the Lord. Wouldn't that be awesome!

Tlar: I have stated that I thought this would be over by the end of July and have continued to think that up until very recently. The decisive factor IMO is the government being put together and it becomes really obvious that Maliki is not a part of and the coalition won.

It continues to amaze me that the SOL has not broke with Maliki choosing to destroy their own party.

They have eaten their own body fat and have lost any potential for good will. That was the unknown for me and many others.

Most thought by now the SOL would have thrown him out, but here we sit broken hearted, came to - well you know where I am going with this.

The SOL has caused as many delays as it could but you have to remember the forming of this government is now in site and it only started on July 1st.

That is a record for Iraq as everyone has to realize by now that this task of navigating through and around the SOL did not come easy. It took alot of serious collaboration from a lot of different folks both Iraqi's and others..

Anyway if you will allow me I would like to change my prediction to within days of the parliament nominating a prime minister which means it could take another week.

I don't think his submitting the COM applicants for a vote is a factor. If he is an acceptable candidate then his COM will be to. So once we see a nominee announced in parliament, my guess is that starts the clock. Ok Parksutton, get you fork while the meats still fresh. tlar

PS BLUE I APOLOGIZE BECAUSE I KEEP USING YOUR COLOR BUT EVERY OTHER COLOR ON MY COMPUTER DOESN'T SHOW WELL.

Issues: Iraq would have reinstated their currency long ago if Kap were correct. Iraq's currency was brought down because of a war and sanctions making it basically worthless.

There are not just changing their currency regime. Matter -a-fact, I don't believe they are changing their currency regime. They have been a managed float for some time.

Their currency was valued at $3.00 + prior to the war. Re-instatement would bring it back to that. Before the war their oil production was 70% less than what it is today. Iraq with their increased oil production, their gold deposits and their reserves could support much more than the $3.71.

Iraq is not ready for a free float scenario. They learned the lesson from Kuwait that came out at $3.00 something and then went all over the place.

.

Iraq is also one of the few countries that has reserves (gold) to back their currency. (China has alot of gold as well.)

For these reasons I believe the currency has to be at the very least reinstated at its original value prior to the war.

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Caye98 Enthusiast

Caye98

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August 4th now! And its a Monday! This is the news we have been waiting for! (Never mind the  previous July 5th, 20th....) THIS is the new correct date. AUGUST 4, 2014....

 

And if you take August, as the 8th month, and then divide the 8 in half you have the 4th, in half again is 2, as in 2000, plus the 8 + 4 = 12 and add the two = 14 and you have 2014! It all makes sense now!

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