Popular Post Adam Montana Posted August 3, 2016 Popular Post Report Share Posted August 3, 2016 Hey hey good morning good people of DinarVets, Today seems like a great day for an early-August dinar-update, so I'm going to have fun doing it! Don't get your hopes too high right now - I'll let you know right away that I'm not too upbeat about an August RV. I have a few reasons for it, which I'll get to shortly. Here's something I almost never do... a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like. That's as close to a prediction of the DATE you will ever get from me. I could be wrong - August is not completely ruled out in my book, but after doing these updates for so many years, and studying Iraq and other countries like a hawk for an even longer time... I think I have a good "feel" for the status. I'm going to go through some of my reasons... as a kid, I always ate my vegetables first - to get the bad stuff out of the way! So these first 2 are the bad points. 1. It's been my experience (and history/news/Google will back this up with facts) that after Ramadan, they (Iraq) either have things lined up and ready to reach a milestone... or they don't. Let's face it, nothing major came after this most recent Ramadan. It doesn't concern me about an "eventual" increase in the IQD, but I'm not going to expect it this week. 2. Remember what I was saying about "watch the oil" for the HCL to grow legs? Oil dipped again. Where it was once on the way back to a respectable $60ish range, it has dropped back down below $40 again. Once we saw it dip below $50 in July, I knew we were in for a bit of waiting... and here we are. This is not permanent! Oil will go back up, and the HCL will get moving again, but I doubt August is our month. Now let's talk about some positive stuff! 3. The news is showing more and more that Iraq is pushing to get control of ISIS. The articles of ISIS success are down at least 80% of what they used to be! I know there will be some Negative Nellies that want to disagree and I've even heard a few comments about how ISIS must be "completely destroyed" before an RV, but that's just not true. ISIS influence on the stability of Iraq is dwindling. 4. In a continuing effort to bring Iraq as a nation closer together, we see more and more instances of the Kurds getting a larger share of the money. If you think back a couple years, you'll remember that the biggest obstacle to the HCL has always been lack of cooperation from the Kurds, and for good reason. They were getting screwed! Since Abadi has taken the wheel, that has changed. We are closer than ever to an HCL. It WILL happen. 5. Summer is almost over, so I'm going to wrap this up and get out to do summer things... I saved what may be the best for last. One thing we should all know about how a dramatic increase in the value of the dinar will work is that nobody in Iraq (or anywhere else for that matter!) will go into a bank or currency exchange with dinar and then walk out with buckets or wheelbarrows full of another currency. That's not how it works! We will either have to deposit it into their account, wire it to another account via their bank, or perhaps we will get a cashiers check. (Don't lose that one, if that's what you do!) Iraq faced a major problem 10 years ago that would have single- handedly prevented the RV, even if it weren't for the broken GOI and everything else: Technology. Iraq did not have the technology to do a mass conversion of their currency. I am referring not only to the lack of technology in their paper currency itself, which made it easy to counterfeit, but also the technology in how their banks talk to each other, share funds, or even participate in the auctions. Heck, before ~2009 the ISX was basically done on chalkboards! It just wasn't possible at that time, for more reasons than this, but this is no longer the case. Check this out: My friends (and even you lopsters!), we are nearing the end of this ride. SO MANY things are now out of the way, the path forward is clearing up faster than a lot of people can believe, and we will see a rise in the value! But probably not in August. (Just in case you forgot what I said earlier ) That's my update for now... next week will probably be a short update, unless something happens to change my current forecast. Here's the weekly Q's: Quote waitingondinar Adam, What happened to the info, we will see international currency first half of 2016? all we keep hearing /seeing are laws and more laws that have to be developed /passed. Having been on this rollercoaster for more than 9 years, you begin to wonder if in fact this is fake. For the most part, we set them up as a Democracy. We have so many laws, Can't they cut and paste from our laws and get this done already? What are your contacts saying? Haha! "Cut and paste from our laws" I don't think "more and more laws" need to be passed - just one. HCL. Everything else is small potatoes. Quote ixic Hey Adam, what is your take on all these CBI articles that have come out this past weekend? It seems the CBI is getting ready for something to happen, hopefully before end of the year. The central bank gives the government banks until September to adapt itself to the electronic systems CBI approaching the issue dinar-mail and enter it in the business dealings The Central Bank Reveals The Date Of Launch Electronic Currency ! More reasons to stay positive! Quote jeepguy keeping in with this topic adam ! now that the central bank is giving the September time frame , and it doesn`t get pushed back , is there a part of any i.m.f. or world bank contract or translations , that tells central bank of Iraq, that when they go electronic banking there must be a value to the dinar , that isn`t the true value would be ... { example what they have on its value now 1128 not a true value per say } thanks guy As much as I wish there were some kind of entity that could force the CBI to put a specific value on the dinar, I don't believe anyone can force the CBI to do anything. Yes, there are influences and they will play nice with what other financial entities want, because the end goal is to be an internationally traded currency with a respectable value! But nobody can "force" the CBI to do anything. That's a good thing, though, because just like they can't be forced to raise the value... they can't be forced NOT to raise the value. That's it for me today kids! I'll chat with you all later. - Adam 20 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted August 3, 2016 Report Share Posted August 3, 2016 (edited) TY... Edited August 3, 2016 by SnowGlobe7 9 Quote Link to comment Share on other sites More sharing options...
calkid11 Posted August 3, 2016 Report Share Posted August 3, 2016 Thank you Adam for all of your hard work. GO RV 5 Quote Link to comment Share on other sites More sharing options...
thehotdogguy Posted August 3, 2016 Report Share Posted August 3, 2016 Aloha Adam...Thx 3 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted August 3, 2016 Report Share Posted August 3, 2016 Quote Link to comment Share on other sites More sharing options...
Stubby 1 Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks Adam. 2 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks for the update Buzzy. Now Thugs gonna have to put his black balloons away. 4 Quote Link to comment Share on other sites More sharing options...
boosterbglee Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks Adam, always nice to hear encouragement! 2 Quote Link to comment Share on other sites More sharing options...
Happy Man Posted August 3, 2016 Report Share Posted August 3, 2016 I have to desagree with Adam on the price of oil. I dont see it going above 55$. All over the world there is no inflation and the economy is stalled. In fact we are now in deflation with the QE that is being done in EU, JPY and soon in GBP. The production cost are getting lower and unless an oil cartel from (US, middle-east) agrees with oil quota we will have more oil than we can consume. Oil above 55 will not happens unless there is an all out war in the middle east. 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted August 3, 2016 Report Share Posted August 3, 2016 On July 30, 2016 at 0:23 PM, DinarThug said: CNN. Broadcasting While Trying To Download An Electronic Worthless Currency ! (by walkingstick) The central bank reveals the date of launch electronic currency Date Added 30/07/2016 Select the central bank governor on the Keywords, Saturday, 2017 as the date for the launch of the electronic currency through the mail or e-dinar cards, with the exception that it will facilitate dealings between the state institutions, the expectation of rising oil prices. He said on the Keywords in an interview I followed the "Economy News", "next year, 2017, will see the launch of the electronic currency after the termination of the Central Bank of infrastructure structures necessary for the operation of electronic payment through the mail dinar or electronic tags, which facilitates transactions between state institutions," noting "the end of this year or next year will work directly in the new Central Bank building." Keywords and added, that "the country is facing economic challenges and overcome them dependent on an improvement in oil prices as a financier President of Finance for the budget of the country," stressing that "there are indications demonstrate near the high oil prices in the global markets." http://economy-news.net/conten.....hp?id=4559 15 hours ago, DinarThug said: The Islamic New Year Is Going To Begin In October ! Islamic New Year 2016 begins in the evening of Saturday, October 1 and ends in the evening of Sunday, October 2 The Clown Pops Open A Bottle Of Bubbly And Gets A Jump On Ringing In 'The New Year'! 1 hour ago, Adam Montana said: Here's something I almost never do... a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like. CNN. << BREAKING NEWS >>....... Only 58 Shopping Days Until The Start Of The Islamic New Year ! 6 Quote Link to comment Share on other sites More sharing options...
steveh12 Posted August 3, 2016 Report Share Posted August 3, 2016 Thank You Mr. Montana. 1 Quote Link to comment Share on other sites More sharing options...
seks Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks Adam, Staying Positive has to be the strength in all of us ... 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted August 3, 2016 Report Share Posted August 3, 2016 I would love to see an increase of the dinar exchange rate in October, but I believe it will happen January 2017 just my opinion.! Thanks for the update Sir. 7 1 Quote Link to comment Share on other sites More sharing options...
Pepperina Posted August 3, 2016 Report Share Posted August 3, 2016 1 hour ago, Adam Montana said: Here's something I almost never do... a DATE! (Sort of.) Ready? September MAYBE, October I REALLY like. Hey There Adam! Thanks for the Update! I'll even take.....November or even December, for that matter!!! ! ! Thank you so Much for all your hard work,Adam ! And thanks to all the rest of you folks for your comments on here!! I look forward to reading them! 5 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks Adam ... October cant get here quick enough. 2 Quote Link to comment Share on other sites More sharing options...
chess Posted August 3, 2016 Report Share Posted August 3, 2016 WHAT'S IN YOUR WALLET?........A CBI cashier's check, of course!!!!...................... 2 Quote Link to comment Share on other sites More sharing options...
1967 Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks for update Adam!! With Islamic New Year on October 1st and Juan going gold backed by same date from now thru first of October looks very promising!!! Have a Blessed week!!! 2 Quote Link to comment Share on other sites More sharing options...
tankdude Posted August 3, 2016 Report Share Posted August 3, 2016 2 hours ago, Happy Man said: I have to desagree with Adam on the price of oil. I dont see it going above 55$. All over the world there is no inflation and the economy is stalled. In fact we are now in deflation with the QE that is being done in EU, JPY and soon in GBP. The production cost are getting lower and unless an oil cartel from (US, middle-east) agrees with oil quota we will have more oil than we can consume. Oil above 55 will not happens unless there is an all out war in the middle east. Wow Happy Man sounds more like Bummer Dude (hope you take that in the humor it's meant) Thanks again Adam - and I would be remiss if I didn't also thank the mods. That group helps make this one of the best (if I may paraphrase) No Spin Dinar sites on the net... 2 Quote Link to comment Share on other sites More sharing options...
testarosa Posted August 3, 2016 Report Share Posted August 3, 2016 Thank you Adam. Keeping positive! 1 Quote Link to comment Share on other sites More sharing options...
CaptainBVI Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks Adam. While we're all waiting for, "The Text" we'll take all the good news you can send. 1 Quote Link to comment Share on other sites More sharing options...
kjwayne Posted August 3, 2016 Report Share Posted August 3, 2016 Adam, I've been on the side line WAITING and todays update is the best one you've done to date . No brag, just fact. Thanks ! 1 Quote Link to comment Share on other sites More sharing options...
kjwayne Posted August 3, 2016 Report Share Posted August 3, 2016 2 hours ago, Laid Back said: I would love to see an increase of the dinar exchange rate in October, but I believe it will happen January 2017 just my opinion.! Thanks for the update Sir. I too, will have to cast my opinion to the first of 2017. I hope I'm wrong and IT happens sooner. 1 Quote Link to comment Share on other sites More sharing options...
BJinMontreal Posted August 3, 2016 Report Share Posted August 3, 2016 Oooh October!! Happy Birthday to Me!!!! Thanks Boss! 3 Quote Link to comment Share on other sites More sharing options...
DoD Posted August 3, 2016 Report Share Posted August 3, 2016 Thanks Adam for your latest opinion on where we stand in this Dinar speculation, also a big thank you to all the newshounds on here that post article everyday. September or October sounds good to me, of this year of course... tankdude, I think you might have misinterpreted Happy Mans post. He wasn't trying to be a Debbie downer about the price of oil but just being real. I replied on June 5 to an article about the speculation (HOPE) of oil going to 65 dollars in the next 6 months. I said then there was a resistance at 50 dollars an would probably be a dream of 65 dollars in 6 months. Like Adam said, here we are. With summer winding down an the price of oil about 40-41 dollars a barrel, I'm hoping that oil price isn't much of a driver in passing the HCL...just my opinion of course. 1 Quote Link to comment Share on other sites More sharing options...
Wiljor Posted August 3, 2016 Report Share Posted August 3, 2016 Much obliged Adam Progress Is at a steady pace as of late and I as well have an upbeat feeling about the events taking place in Iraq. I admire your bold statement about the time frame for the increase in the value of the IQD and know this is not your norm. Thanks for all you and the mods do and I for one will be patiently waiting as October approaches with anticipation of taking this venture to the next level. 3 Quote Link to comment Share on other sites More sharing options...
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