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Adam Montana weekly - 5 May 2015


Adam Montana
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Morning everyone!

 

I'm going to jump right in and save us all some time.

 

I'm efficient like that.  

 

A few weeks ago, I said I'd eat my shorts if something big didn't 

happen... well, the definition of "big" is apparently up for debate, 

because even after Iraq announced they would be applying for a 

credit rating from multiple major sources, there are still members 

calling for me to start cooking. :lol:

 

Ok, I get it... with no RV, the least you all expect is some good 

entertainment, right? :lol:

 

Seriously, though - that's some of the best news I've heard in a 

LONG time, and there won't be many more that big until the HCL 

is permanent.

 

On that note, let's talk about HCL for a second.

 

As of last week, we had extremely solid news that the KRG and 

Baghdad are skipping along, arm in arm, like never before. The 

news was a little misleading, as it sounded like they were already 

exchanging at above the expected rate in BPD.

 

This article posted by yota this morning clears it up a little - while 

the Kurds are on their way to exceeding the expected amount, 

they are actually working their way up to that number:

 

 

 

... parliamentary member Awad al-Awadi said the oil agreement between the federal government and the Kurdistan Iraq was applied gradually, but until now did not reach the level of the export of 550 barrels per day... 

 

But most importantly, the same article is sure to point out that this 

is by no means a breach of contract or anything to be concerned 

over, because:

 

 

 

... expressed optimism about the implementation of the oil agreement between Baghdad and Erbil, stressing that it is going in a good way.

 

Of course, none of it matters until we can go exchange for a lot more 

$'s than we currently have. As of right now, the ship is still heading in 

the right direction, so... we wait.

 

And have fun.

 

Sometimes at Adam's expense. :lol:

 

Here's the weekly Q's... see if you can spot a theme. :rolleyes:

 

 

Adam "Buzzy" how close to this being over do you think we are? Also any more news on the credit rating process, is it going to take along time to get the rating considering this is Iraq we're talking about!?

 

No further news on the credit rating yet... but that's not the most

important thing in my opinion. It's still the HCL that we're looking 

for, and if the KRG and Baghdad continue to get along like peaches 

and cream like they are right now - it can't be too far off.

 

:twothumbs:

 

Hi "Buzzy" Adam,

 

How does Iraq's request for a sovereign credit rating impact on the RV?  Will this help to speed things up?

 

Thanks Much!

 

:shrug:

 

That's a good question, and it could go many ways. One possibility 

is that once the credit rating is started, they RV, and obviously the 

credit rating agencies will be in a rush to get Iraq listed. 

 

It's a lot easier for the world to benefit from Iraq when they have a 

higher valued currency and are listed as a tradable currency.

 

If anything, I see this as a booster, not an anchor.

 

 

Adam, 

 

How long has it taken countries in the past to complete the process for a credit rating such as Iraq is attempting to receive?

 

Thanks Ya all???


(Opps jobug beat me...she is FAST!!!)

 

I don't know how long it normally takes, sorry!

 

 

Adam, will Broncos draft pick Shane Ray be a bust due to the abundance of marijuana in Colorado ?   :cigar:

 

:lol:

 

 

Have you heard anything about some significant movement by the CBI?
Especially after loans and credit rating announcements.

 

Not that pertains directly to the value of the Dinar, but I wouldn't 

expect to hear anything like that.

 

Hello Adam, Can you give us the details of your excitment from two weeks ago ?

 

If you read this update, and then check my last weeks chat, you'll 

see why I am excited about the current situation! 

 

I think most of DV is on the fence of you eating your shorts or not, but either way it will be Entertainment. What say you Buzzy?

 

:rolleyes:

 

Do we get video of the shorts eating or do we just trust that you ate the shorts? I think we are all getting the SHORT end of the deal!! Get it? Short!! You gotta laugh!!

 

:rake:

 

Why do you think will come of the visit from the World Bank to Baghdad?


What rating do you think will be issued to Iraq?

 

Visit from the World Bank... meh. If it's significant, we'll know soon enough.

 

I doubt Iraq will get a top rating immediately, but anything "above mediocre"

will be enough to launch them!

 

:twothumbs:

 

What are thoughts on the articles that came out today 5/4/15 of Central Bank will not remove the zeros? Smoke?

 

I NEVER pay attention to the 0 articles. Iraq is a master at manipulating their 

currency, and part of that has to do with managing speculators.

 

Those of you on DinarVets may have a more grounded view of what's going 

on, but anyone who's never heard of DV might immediately sell their Dinar 

after reading that kind of article... without even realizing that it's a pony-show 

for the CBI.

 

I will continue to ignore the articles and focus on the fundamentals:

 

1. Iraq is worth more than it shows on paper.

2. All Iraqis will benefit from a raise in the value.

3. What once was lost, will be found again.

4. Iraq continues to make leaps and bounds forward, against extreme odds.

 

 

:tiphat:

 

Thanks Adam for all you do! Remember that old musical with the song that says, "a little sugar makes the medicine go down better"? Well I was just wondering what sauce you preferred if any to go with the undieees? It might help! Love you guys!

 

:macarena: There's a song for you. 

 

As in CLEAN or warn BVDs  Please Post  a selfie    :D

 

:facepalm:

 

 

What's up Dawg...It aint lookin' good for the ''Home-Team''...Ya might want to ease down to the adult-stores and invest in a pair of ''Eatable-Undies''...

 

:facepalm2:

 

 

Hi Adam!

Some say that In order to get the Credit Ratings from Poor & Standards you must RV first.
Other says that you must get the Credit Ratings from Poor & Standards and then RV.

 

I'm curious: what is your impression of what needs to be done first: The RV or the Credit Ratings?

 

Thanks so much for all you do!!

 

 

See my answer above - it could be both!

 

(I will add one thing - S&P is not required for this. There are other agencies that 

would work just fine to get Iraq rocking!)

 

 

Hi Adam,

I read the following and would like to know if any of this is true since all this new news came out regarding 50000 and 100000 bills coming out in Iraq. Can you provide your input and latest findings?

 

Article quote:  "...the Central Bank to apply starting from 2015 and up to 2020".   I found this...apparently from around Oct 2014 that confirms this going to be a slow go...float...not a RV as some...keep saying.  Abadi made a statement yesterday when referencing the economic plan that the strategy would be long term which is what Dr. Bakri also said.  It appears clear to me that that the plan did change back in 2012 from an event to a gradual transition...which is reflected in the Article IV consultation as well.   When looking back a few months, it is clear all these articles are also saying this.  This process is going to be implemented slowly over several years. We also know it started..because Allaq came out March 3rd and confirmed.  So it is in progress..and will take up to 4 or 5 years to complete.

 

 Once they sign off on the HCL, won't we be able to cash our dinar in now and not five years from now?  Thanks for your clarification.

 

 

Hey waiting,

 

While the opinions stated there could definitely be possible, nothing 

is set in stone and the CBI can change their plans with the drop of a 

hat.

 

In fact, we expect them to change their plans just that suddenly. It's 

the only way a good RV can happen... they can't announce that they 

are going to do it, because a huge run on dinar would immediately 

drop the value back down.

 

 

Adam, might want to stop by an adult toy store and find an eatable garment. Just saying.

 

 

:cheesehead:

 

Hi Adam, It was wonderful to be apart of your excitement the past couple of weeks.  As you have stated before, you make yourself more available to VIP members as far a chats etc.  Sadly, as a single Mum, my fiances are so tight I've been thinking about selling a few dinars just to get in.  Do you think you'll have another discount period for those of us who are less fluid?.  Would love to be apart of the team!    Nadia

 

Hi Nadia,

 

I don't have anything planned at this time... my hope is to never run another 

discount ever!

 

But if we don't have an RV in a couple weeks, I'll think of something.

 

--- Oh, wait! There is currently a 20% discount for newsletter subscribers.

 

It's "newsletter20" at this link: http://iqd.me/l/order

 

Hi Adam, question about the 50,000/100,000 notes, if they are going to print them, would this be a good or bad thing? Do u think it would slow down the RV? Make the rate come out lower????

 

I'll believe it when I see it. This falls in the same category as the "0's" articles.

 

:twocents:

 

Hello Adam and Mods - How is Iraq able to apply for currency rating without internation RV?  Also, I seen articles that they are charges Tariff Taxes and just want to know how is this country able to get away with many things without RV - Just don't make any sense.....Thanks

 

I think the intent of an RV is necessary for both, so again - this is all nothing 

but good stuff!

 

Just a quickie Buzzy...Has Iraq became Article 8 compliant...Isn't this a stipulation that has to be addressed before anything can move forward...

 

Article 8 isn't as important to the RV as some make it sound.

 

With that said, I get the feeling it is on the back burner at this time, 

and that doesn't bother me at all.

 

What type of seasonings are u gonna use on those underpants?

 

:huh:

 

Hiya - Those special reports you've been working on to share with us here at DV, are still on hold big bro?

 

Thanks.   :peace:

 

You should see my round file right now, it's overloaded!

 

I'm still working here bud!

 

Adam,

 

What is your take on the article of Iraq printing 50000 coin

 

 

See above.

 

o.k  .  hello adam  and hello  dinar vetters  ........  this is more  a  question as  why   hasn`t  the  Iraqi central bank  revalued their  dinar  ????    {  adam sir  is  the  reason  of this  -------->  because  they  are also  waiting on  your call that it has  happened   :shrug:        :lol:         sorry   every one  but I get  so  worn out  by  the  soon  and  every other day  stuff ,   that  this must  be the reason  !!!!      :peace:     just  a little  comedic  humor  only  thanks  for the work  adam  !  } 

 

Jeepguy, you get me the number and I will make that call!!!!

 

 

 

Hey Adam, I know I am considered a newbie to this site, but I have been following it for years. I have never seen you as excited as you have been the last couple weeks. I think we should give you a couple more weeks before you have to eat your shorts. After all we have been waiting 10 years what's a couple more weeks. Thanks for all you and the mods do.

 
I appreciate that, Newton! 
 
 
 
And on that note, I hope you all had a great Cinco de Mayo!
:undocumented:
 
 
I'll be back with news as it comes.
 
- Adam
 
 
 
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Thanks Adam. No short jokes :)

According to your avatar you're standing tall.  No worries.

Thanks Dawg....Nice Dodge-n-Weave...

Which question do you think you didn't get the full answer to Skeetr?  If you're just kidding I can't tell and I know you pretty well.

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O.k.  You said to get you the number and you would call?  Here it is.  Not hard to find.  


However, I doubt if you can get the "big boy's" number; that is a lot harder to find.


 


**** edited ****


Edited by Buzzy Montana
edited to save the CBI some work :lol:
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Thanks Dawg....Nice Dodge-n-Weave...

 

Which question do you think you didn't get the full answer to Skeetr?  

 

He's Referring To Adam's Ability To Avoid Some Sudden Extra 'Fiber' In His Diet ! :o

 

691a1f8cef4439307ecb2327c57a03d1.jpg

 

 :D     :D    :D

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O.k.  You said to get you the number and you would call?  Here it is.  Not hard to find.  

However, I doubt if you can get the "big boy's" number; that is a lot harder to find.

 

**** edited*****

 

 

Watch, there will be some dingdongs in the dinarworld that are going to email and/or call the CBI trying to find out WHEN the RV will happen.  As if the CBI would tell them, yet they will do it anyway.  By next week, the CBI will have a post on their site asking people to stop contacting them.   :)

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Thanks Adam.

 

I do not condone short eating ....... unless their made of candy lol

There are edible shorts made for ...well you know. I suggest getting a pair and having a snack. Must surely taste better than cotton. But you're right. Something major did happen.

Gooooo RV!!!

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Adam, what happens in your shorts should stay in your shorts.  If you start eating them it will be a never ending cycle.  End it now Buddy by never starting.

 

There's a better way.  Eat "Her" shorts and be done with it all.  Besides, it tastes better anyways.

 

 

 

Disclaimer: The term "Her" as used in this sentence is a general term and is in no way to be construed as a reference to your "Wife" in any way whatsoever. It is for entertainment purposes only.   I'm sure your Mrs. is a wonderful woman and makes a great 9 min sandwich.

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Thanks for the update Sir.

Iraq is still working on:

Security

Stability

Budget deficit

Loans from IMF and WB

HCL

Credit rating

Investment laws, banking laws, civil laws and other important laws

Diversification of the economy

Developing private sector

Others

Base your investment in facts, not in buzzy feelings and good vibes.

Welcome to reality..!!!

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    • By Adam Montana
      Good afternoon, beautiful people!
       
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