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Adam Montana

Adam Montana Weekly 31 August 2016

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Howdy Dinarians!

I'm at a loss here... I want to start typing and just "spill the beans" on 
everything I've got.

I actually started and stopped, not once. Not twice... Not even 3 times, 
but a lot more.

I'm hearing, from good sources that I trust, that things are moving in 
EXACTLY the direction that we want.

But after all this time, I've learned to bridle my excitement, to keep my
enthusiasm in check, and to not get overly anxious.

I'm optimistic right now, but we all know we're working with a 3rd world 
country, so let's just stay patient for now.
I'm hoping to give a different update shortly. In the meantime, here's 
the weekly Q's:

Quote


KristiD Is it true that Iraq's fiscal year starts on October 1st?  And if it does, do you think that makes Oct 1 a more likely date for an RV - or that it really doesn't matter?  Thanks!

 

I don't see the fiscal year as an "RV Date", actually the opposite - they 
won't want to give anyone a "clue" as to their plans. 
:twocents: 
  
 

Quote

 

pokerplayer I have been struggling over the issue of the 50K note. Is this detrimental or a good thing with regards to our Investment ? If the Dinar was to RV in a relatively short order, why would they even need it ?

Cheers, pp

 

non issue.

:twocents:

  

Quote

 

NeedRv  Hi Adam  I know you went out on that limb and gave a us a Date-ish time frame.... 

My question is your prediction for the RV, you stated at .10. I was wondering at what speed do you think it is going to float or "rise" up from that rate? 

I been waiting a loooong time and I dont have 10s of millions in Dinar so I would end up waiting for a higher rate before cashing out... 

Thanks for all that you do... 

 

The number they choose for the RV won't have anything to do with your 
personal needs, so please keep that in mind when making your decisions!

Regarding the rate, I DO still like the .10 theory! I regularly re-evaluate my 
original thoughts as outlined in my thesis, and as of right now they continue 
to hold strong.

I could be wrong, of course! But to the best of my capabilities, the ten cents
is still my peg.

:twocents: 

 

Quote

3KINGS i am a VIP member, but i am not comfortable with doing the offshore thing,so i will be cashing in and taking my tax lumps and moving on. my question is if it rv's at .10 and is on a float be it managed or free, will it be like the stock market where it may rise or fall in value? or will it it just rise ? i ask that because i may have to cash in part of what i hold to get out of some strangling debt,then wait and cash in the rest later. thanks 

YES.

If that answer confused you, it's because you actually read the question! Listen... no 
part of an offshore operation should concern you, at least if it's done with me. At the 
very least, you can get a Name Reserve which is completely non-committal and 100% 
functional for the purposes of ASSET PROTECTION. I don't know anyone who would 
want to NOT be protected! Just click here and get it!
 

Quote

seawolf Adam, good day to you. Do you think currency reform in Iraq and possibly the HCL will be postponed until all provinces are under GOI control?
  


NOPE. I think the "GOI control" is something they will use as a "false flag" until the 
whole game is over.

:twothumbs: 

 

Quote

 

Caye98 With the EU "European Commission" now deciding to DEMAND that the Sovereign country of Ireland charge and collect over $16B in back taxes the EU feels is owed by Apple (http://money.cnn.com/2016/08/30/technology/apple-tax-eu-us-ireland/) it seems that the US/Obama FACTA type practices are now attempting to be implemented by other countries.

I find it laughable that the White House press secretary Josh Earnest responded by stating "The decision amounted to "a transfer of revenue from U.S. taxpayers to the EU," ... and "The Obama administration would fight for "American taxpayers and American businesses overseas when they're being treated unfairly"" (though I think he meant The Obama administration would continue to seek every penny it can find worldwide with any connection to the US!

This should be a clear indication to anyone why an integral (and LEGAL) strategy for Wealth Retention and Management MUST include offshore funds placement and/or International Business formation to protect assets. There is a reason several of the worlds largest wealth management organizations have significant (and unadvertised) presence in the US (to assist with foreign investment in this fantastic Tax Shelter - the USA). :twocents:

It would serve people well to understand that you can certainly live in the USA and be a US Citizen, while still taking advantage and protection of and under US laws while still receiving 100% legal tax advantages that are offered to offshore entities, but NOT to US based companies. :shrug:

There has been a lot of discussion of Global monetary changes and valuation (not just IQD), and whatever currency you hold, and however much it may increase or decrease in value will be further affected if the government just decides to take 50% or more for taxes. And/or like in this case of the EU all of a sudden deciding to reach back 20+ years and demanding payment for all of those years (even though at the time the company was paying its legally owed amount). The US already has tax penalties in place for up to 50% income tax for 10 years after you leave the US (from ALL income sources internationally) , and one of the major candidates is calling for a 50% tax on any company that leaves the US (Hint, She...) and the other candidate wants to reduce corporate tax from the highest in the world to  15% (still higher than the 12.5% rate in Ireland)...

Sorry for the rant, but when I think off all of the income and potentially fortunes and even generational wealth that may be forfeited over to the government to spend at its discretion (or lack thereof) it really...:mad:

At any rate, thank you for creating this site, and maintaining it (at significant expense), and for the many Members that have assisted others in creating strategies that allow us all to sleep better at night... :tiphat:

Oh, question...Have you or anyone else out there tried Islamorada Beer Company's "Sandbar Sunday"? It would go great at a Pack Party! :cheesehead:

 


 I have not had the pleasure of Sandbar Sunday! If I accidentally try it, I will report to you!
Otherwise, I will reserve that occasion for our meeting.

Thanks for the post, and for the intelligent thoughts.

:tiphat: 
 

Quote

 

Freedomwish Hi brother Adam, a copy & paste from last week's chat log off your link:

"Chief executives of several private banks have written to the Central Bank of Iran Governor Valiollah Seif demanding that they be allowed to adjust their interest rates instead of offering fixed interest rates set by CBI's Money and Credit Council.  CEOs of some major private lenders have protested against recent successive rate cuts, fearing it would lead to a flight of deposits from the banking system,” Mehr News Agency quoted an unnamed official as saying."

My question - I thought it would be the Central Bank of Iraq calling the shots, how is it that now Iran is somewhat influencing said fixed interest rates they'll have that other major lenders have been protesting?!  And please tickle my fancy big bro, there's a huge fear that folks would be storming through the doors of their banks for making their "deposits" in their own currency for other banks to really adjust and catch up?  

Am I REALLY seeing something "between the lines" that Iran may have plans set forth?!! :blink:

Or is it that my happy hour whiskey drink got suddenly too strong, and I'm over-reading, what I am reading here??!!! :blink::cheesehead:

Just wanted ot add an edit......I thank you  and everyone so, so, so much Adam...if you can onnly imagine the lives you're about to change here for the better and beyond....sometimes....there's just no words...but thannnk you for the bottom of our hearts.

 

 

You bring up a valid point, but I'll assure you that I'm not worried about Iran's influence.

Of course they do have "an" influence, but at the end of the day it's not going to be a 
"major" influence, and that's the only thing I would worry about.

Here's looking to a SOLID SEPTEMBER!

:twothumbs: 

:tiphat: 

:cheesehead: 

:bananacamel: 

 

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:bravo: Thanks Adam, for your professionalism and enthusiasm as we close in on our goal. Great things are coming our way :cigar:

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Thank You, Adam, for the straight and to the point post.  My opinion, your matter of fact and straight to the point comments and responses is refreshing and is indicative of the positive outlook based on your sources for the event - likely on the very near (in relative terms) horizon!

This may seem like a broken record having been stated by many other fine DV Dinarians in the past but, really, a big heartfelt Thank You to You, the DV administrators, DV moderators, and your sources for providing solid and secure post event resources and services for DV participants to use post event!

:twothumbs:       :tiphat:

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Good day Adam and A/all

 

I have been reading some really fantastic news and ALL of it is heading in the right direction at a rapid rate of "fuel consumption" as we used to say in the trucking industry.

 

I can not believe that they actually got the start of E-Dinar off and running before the deadline. I have never seen that ( they beat a deadline I mean) in my many years watching Iraq.

 

I too am bridling my excitement but its "simmering"  :rolleyes:

Edited by Doug_W
need to add something
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I'm

      having trouble

getting the butterflies

                 to fly in formation

                            so that I can

walk srraight!

 

:twothumbs:

    :backflip:

                  :backflip:

:cigar:

 

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Thanks Adam.  Reading the news that Yota brings us every day has been pretty exciting.  They have done more in the last couple of months than they did in 7 years.  I am excited that you are optimistic.

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2 hours ago, Adam Montana said:

But after all this time, I've learned to bridle my excitement, to keep my
enthusiasm in check, and to not get overly anxious.

ahhhhh come on my good sir

excitement

davis will give it when he shows up in his thong

i just need a heads up to start working out a bit

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4 hours ago, Adam Montana said:

You bring up a valid point, but I'll assure you that I'm not worried about Iran's influence.

Of course they do have "an" influence, but at the end of the day it's not going to be a 
"major" influence, and that's the only thing I would worry about.

Here's looking to a SOLID SEPTEMBER!

:twothumbs: 

:tiphat: 

:cheesehead: 

:bananacamel: 

 

Ummm.....cool!  More whiskey drinks until we see what happens in September!!  And I fixed my tablet from what I had spilled on it last night!!

Gracias!! :twothumbs::cheesehead:

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Great post Adam and much appreciated. It really puts everything in prospective without the guru hype. I really look forward to meeting our "brothers and sisters" in a warm climate  south of the USA.

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Thanks Adam.  Indeed patience...and lots of it!
Checking today's rates certainly defies the idea that the Dinar has any hope of a nice pay day in the short term.  It was healthier 5 years ago before the Dinar frenzy took hold.

 

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Well, bust my furry little britches!! Thank you, Adam! Sooo many things are looking up♡ I do hope this is THE September to Remember!

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Thanks Buzzy....Appreciate everything you and the Modes have accomplished...Lookin' forward to catchin' up on the projects yall've got lined out...Will be lookin' for  that elusive ''Text''....The excitement of your enthusiasm and lookin' forward to puttin' a faces to the fine friends made here on this DV Family Site is definitely worth the ups and downs of this seemingly never endin' ride...

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      image source
       
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      If the CBI is using a 2% spread, they will "buy" at .98 and "sell" at 1 per US dollar. I fully expect that to fluctuate, perhaps wildly. They may pay .99 at first to show their confidence, and then lower it to .90 or further. (The bigger the differential, the more beneficial it is to them for the day profits.) They may quickly move to a flat 1:1 "Auction rate" simply to reinforce the rate and show that they are going to ditch the auctions soon - a lot of this is going to depend on the market. It is a business, after all.
       
      A 2 cent difference may not seem like much, but bear with me... It is important to understand the spread!
       
      I'll keep using the 1:1 number. For example, Iraq announces that the dinar is equal to the US dollar, the CBI is backing it, the IQD goes on the global market, and the rate sustains itself after a short time due to market demand. At this point, a lot changes, but those are different (and much longer) conversations. When we exchange, we are not going to the CBI - we are going to a bank that will trade IQD for dollars (or any currency). That bank will rely on the CBI buy rate first, which means they are getting a max of .98 USD per 1 IQD. Then they have to pay tellers and all their other expenses, so they add their spread on top of that - and this is assuming the bank you use is buying (selling) direct with the CBI. (They won't be.) By the time it gets to you, the CBI may have an advertised rate of $1, but you're only putting .70 in your pocket (before taxes).
       
      That "spread", or "cost", is unavoidable. We are not going to get the full "rate".
       
      Of course, you will get a better rate (money in your pocket) if you're VIP here at DinarVets, but that's not the point of this. The point is the Auctions will continue, and looking at past auctions - even yesterday's or today's auction - will not give us clues to if Iraq will RV today or tomorrow. (If we could see tomorrow's auction, that would be a different story!)
       
      The Auctions are good to see, in Iraq, because they are proof that Iraq is stable, still in business, and functioning. But the CBI Auctions will not give us the RV date until after you get my text message.
       

       
       
      The Iraqi Budget. The Iraqi Budget is important to Iraq because it defines how they spend money - and yes, it's the same money that was mentioned above, which comes mostly from oil sales. The MoF distributes IQD to each department according to the Budget. The Budget allocates resources to specific departments, based on a percentage of revenue or a fixed amount, and the individual departments spend their portion accordingly - just like giving your kid an allowance.
       
      A Budget works the same way in most places, and Iraq is no different. Politicians lobby for their departments, asking for more money always, and this is why a "tripartisan" government is so important and mentioned so much in the current Prime Minister debacle. If a Prime Minister came in and seated all members of one political group, it would be like the US having only Democrats or only Republicans in power. The reason we hear about the Iraqi Budget so much is simple - they are all fighting for money. (Or power, but it's really the same thing.)
       
      The reasons I say the Iraqi Budget doesn't matter are pretty simple. You've made it this far, stick with me just a little further!
       
      1.  Whether a specific Department (Defense, Education, etc) is on the Iraqi Budget for a percentage or a fixed money amount, there is a dollar/dinar amount that can be assigned to it based on the current price of oil x demand for oil = projected income / department allocation = $ for Department. This is a simple calculation that can be done in 2 minutes on a 1 page presentation. It's literally 2nd grade math.
       
      2. Regardless of any rate change, that dollar amount can be estimated and stay the same with a simple Amendment. Imagine a late night Parliament meeting - called at the last minute after 8PM one night, emergency, mandatory! One item on the agenda - doors are locked, cell phones left outside - the ONE ITEM is this: We are going to raise the rate at midnight provided everyone signs this Budget Amendment.
       
      The Budget Amendment, in this case, states that the previous passed Budget is fixed at the old rate and all Departments receive an immediate 10% bonus due to the CBI exchange rate adjustment. The rest of the money that becomes available is held in reserve until further modification of the Budget... EVERY SINGLE POLITICIAN is a hero and has almost unlimited job security at that point.
       
      Not one of them loses. It's the biggest slam dunk in Parliament history.
       
      Of course they wouldn't magically start to get along, but that's an offer even that bunch of hooligans couldn't screw up.
       
      OR:
       
      3. Bypass the late night meeting and just pass a Presidential declaration stating the same. It accomplishes the same thing, and by the time anyone could complain, the rate would have been in effect long enough that it wouldn't matter. The President knows this. The CBI knows it. You know it. I know it.
       
      The bottom line here? It doesn't matter what the Budget says, because all the Budget really does is allocate money to departments. The rate, based on the global fiat currency exchange program, controls how many wing dings and knick knacks they can buy with their money because of it's international status... but the Department of Wing Dings is still going to have $X of the Budget, the Department of Knick Knacks still has $X, regardless of the rate, and that's the way it works. Fiat currency isn't an "Iraq" thing - it's a WORLD thing. OIL isn't an Iraq thing. Budgets aren't an Iraq thing. Currency manipulation isn't an Iraq thing. NONE of this is unique to Iraq - all of this is "business as usual", and when Iraq changes their rate, that's what it is - business as usual.
       
      Conclusion:
       
      There are plenty of good reasons for intelligent people to discuss the Budget and the Auctions. It's important that Iraq continue to be successful in the Auctions, pass their Budget, and continue doing business. While the world demands OIL, those who have it will always have credit. Iraq has proven itself capable of utilizing Auctions as a form of monetary control, and I don't believe their Auctions or Budget are a hindrance to increasing the value of the Dinar.
       
      In fact, it looks quite the opposite. And on that note, I say...
       
       
      GOOOOO RRRRVVVVV!!!!!
       

       
    • By Adam Montana
      Hey hey DinarVets!
       
      I was out yesterday and most of the day before with a bit of a bug - I didn't die, so I assume it's not Corona.
       
      Or maybe it was, and I beat it. Wouldn't surprise me.  
       
      This is just going to be a brief post for today. I spent the weekend (before I was attacked by that bug) working on a deep-dive post regarding Iraq's Budget and CBI Auctions. I'll get that posted by tomorrow morning.  
       
      To the present moment... we are looking at one of the craziest times in world news that we have ever seen.
       
      We may not have an actual health emergency on our hands - the plain old flu is more dangerous to the population, strictly by the numbers - but we certainly do have a financial crisis on our hands. The world, and the world markets, are treating the Corona Virus as if it were a full blown pandemic - so, whether it deserves to be treated that way or not - that's what we are dealing with.
       
      OIL is down to about $30. BTC leapt off the cliff and plummeted to $6000, wiping out all the recent gains. Stocks... don't even get me started on the markets, I'm just thankful @Pitcher has been willing to share thoughts over the last few updates! It hasn't been pretty.
       
      Iraq is vulnerable to all of these things, just like the rest of the world - and on top of that, they are dealing with a Prime Minister issue. 
       
      In spite of all that... guess who's not going anywhere?
       
      Iraq, you, and me. We aren't going anywhere.
       
      Especially not in public without some kind of contraption on our faces  
       
      I'm really short on time today, so I'm going to get this posted for now.
       
      Stay tuned for the update on the Auctions and the Budget - I just need to proof it once more and it will be up.  
       
      OSI members, I'm a day behind regarding that last notice we were discussing. I'll be following up on that one shortly as well. Thanks for your patience!
       
      Talk soon!
       

       
      - Adam
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