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Adam Montana

Adam Montana 11 April 2018

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4 minutes ago, ckriebs said:

I was always good at taking pictures and then no developing them. But of dinner never.

 

If you want I can send you some of mine ? I have a great shot of a peanut butter sandwhich  :) 

 

 

pp

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17 hours ago, davis411 said:

Uhhhh

where the hell. Am i

 

Idk, U Haven’t Updated Ur Facebook Page Recently - But Ur Investment Is Here ! :o 

 

Mappemo.jpg

 

:D  :D  :D 

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16 hours ago, DinarThug said:

 

That’s Another Question - So Now It’s Going To Take Longer ...

 

:D  :D  :D 

Well maybe we will get an update. 

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On 4/11/2018 at 2:11 PM, Linda Bower said:

I remember 14-15 years ago when the US was wanting to inspect Iraq's factories to be sure they were not producing chemical weapons (like what they used on the Kurds)  My theory is that they shipped them to Syria under the radar so they wouldn't be caught by the inspectors.  Now- Tadaa!- Syria just happens to have some to use on these rebels.  I can understand why Trump is so heated up about this- and with good reason!  The tricky part is to not start a war with Russia.

 

Yes I remember watching them move stuff out in trucks during the time when they were being warned that an attack was coming! Funny how soon people forget and make up their own stories. We watched them move stuff out for weeks and we have been told that they buried their WMDs along the border of Syria. 

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16 hours ago, DinarThug said:

 

Idk, U Haven’t Updated Ur Facebook Page Recently - But Ur Investment Is Here ! :o 

 

Mappemo.jpg

 

:D  :D  :D 

Some days maybe a little further south? 

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You are so right Adam.  

 

How about this!  Our schools are failing, teachers, are walking off the job, gun violence is increasing, homelessness is running rampant, and the necessary mental health care to address these issues seems to be less important than a supposed current president's sex life from years ago, and.......... we now have states placing bans on plastic straws.   Can it get any better than this?  

 

 Sheeeeeesh!:wacko::wacko::wacko:

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On 4/12/2018 at 2:04 PM, DinarThug said:

 

Idk, U Haven’t Updated Ur Facebook Page Recently - But Ur Investment Is Here ! :o 

 

Mappemo.jpg

 

:D  :D  :D 

 

Is this how Trump got the term " $#@hole country" from? 😆

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23 minutes ago, Rmc10 said:

Is this how Trump got the term " $#@hole country" from? 😆

 

Just For The Record - Iraq Is A Shiite-holy Country ! :bananacamel:

:D  :D  :D 

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1 hour ago, coorslite21 said:

Hey Montana.........How's the back doing????

 

Image result for snow drifts around house. maze

 

Ugh!!   First wave over last night. 10-20” more on the way. 

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16 hours ago, coorslite21 said:

Hey Montana.........How's the back doing????

 

Image result for snow drifts around house. maze

So glad this one missed me...

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On 4/14/2018 at 5:05 PM, coorslite21 said:

Hey Montana.........How's the back doing????

 

Image result for snow drifts around house. maze

 

We'll see what my back has to say about it tomorrow! That wasn't quite my situation (I don't have a black dog) but WOW what a weekend! :D

 

There has been some great discussion in this thread, as usual. I LOVE this forum for a lot of reasons, but one of the big ones is how much you all give back. Every thoughtful post on this forum benefits way more people than you will ever know... please always remember that when you take the time to give your thoughts. 

 

:tiphat: 

 

When I gave my update on Wednesday, I was fairly certain the Syria thing was going to be a factor. On Friday I think we learned without a doubt that it was.

 

What will ultimately come of that is what we're learning as things unfold in real time. I can't predict the future, but it's my opinion that this is going to blow over... maybe come up again in the future, but unless we have a major retaliation from Syria (or Russia) in the next couple days - it's a done deal and we're back to business.

 

:twothumbs: 

 

I promised I'd get to the weekly Q's later. My apologies that it took this long, but here we go!

 

===================

 

On 4/8/2018 at 11:08 PM, RedRock44 said:

Hi Adam,  In your last weeks update you mentioned that Iraq could be getting to a now or never point with increasing the value of their currency. Could you elaborate a little more about why this might be the case. Thank you for all that you do!

 

Oh my gosh... why? Click the "tag" on every link and browse my recent updates. I've talked about this a lot... we all have a lot of reasons to be positive about this right now!

 

Here's where the tag leads you: http://dinarvets.com/forums/index.php?/tags/adam montana weekly/

 

:twothumbs: 

 

On 4/10/2018 at 11:08 AM, boosterbglee said:

Good Morning Adam!   With all that has happened in Irag so far this year.....is......      are you still sticking with .10 as your final answer? 

 

:pirateship:

 

 

 

YES. It still makes sense as I explained in my thesis.

 

:twothumbs: 

 

On 4/10/2018 at 3:58 PM, RV-2-Day said:

What is the latest status of the Vietnamese Dong revaluing?  Do you have any insight? 

 

Sorry, no insight from me on the VND. I think it has a possibility but nothing like IQD.

 

:twocents: 

 

On 4/10/2018 at 11:38 PM, Stubby 1 said:

In your opinion could Abadi be waiting until after the elections for an RV/RI so the politicians will expose each other as corrupt and lesson his burden of proof ?

 

 

That's a possibility but IMO it's a small one. I see more positives to RVing pre-election than Post Election. 

 

On 4/11/2018 at 7:30 AM, peace1221 said:

If this isn’t an over night flip of the switch then isn’t it already starting by the change to be within the 2% or am I confusing two separate functions?

 

Check my link above, I talked about the 2% issue in my last chat.

 

:twothumbs: 

 

On 4/11/2018 at 8:34 AM, keylime said:

Hello Adam. Hope this finds you well and still on the "edge of your seat"....

I know the HCL has always been your trigger for the RV. But they broke that up into 3 different parts in order to try and pass it into a new law or laws.

This quote from an article on here last month.

The oil and gas law is based on three main elements, namely the formation of the National Oil Company, the establishment of the Federal Oil Council, and the establishment of a mechanism to deal with international oil companies working in oil production in Iraq.

 

Of the 3 parts from what I have read, they established the National Oil Company already, and have determined that the "mechanism to deal with international oil companies" is fulfilled in the contracting phase when Iraq deals with each individual oil company. That leaves the third pillar, "establishment of the Federal Oil Council" which according to the same article states:

 

The Oil Union Council, whose powers will be higher than the Ministry of Oil, is the supreme umbrella in Iraq's oil policy, which includes the mechanism of extraction, research, planning and development of the national wealth determined by the law and the constitution. 

 

Since the establishment of the NOC, I have not seen hide nor hair of them voting to establish the Oil Union Council or Federal Oil Council. Do you or your contacts know if this arm of the HCL has been completed? And if not, could this be part of the reason the RV has not occurred?

 

My finger's in the air and my ear is to the ground but so far no wind and no rumble. 

 

Not even crickets since they celebrated the NOC.

 

Love your site, thanks for all you do.

 

 

 

Keylime - great post! As you can see I'm posting in the evening hours and I apologize but I did not get to review your question until just now. Quick question - do you know if the NOC has the ability to vote in Parliament? (I hate to open a rabbithole, but I think you're a pretty linear person based on your post, so I'll take a chance here.)

 

 

On 4/11/2018 at 8:46 AM, Bakken said:

Since I have been reading your VIP off a friends account, I don't see myself ever joining VIP. I figure I will pay my taxes and stay in the United States.  With that being said will you still send us non VIP people a email when this goes thru?  I am sure my friend who is in VIP will tell me so asking for others. The reason for not buying into VIP hype is I don't have the money to.  I figure I have enough money invested into this speculation. 

 

Bakken... seriously? 

 

You're the guy that walks into the bank and yells "hahaha jerks, I just noticed I've bounced 13 checks and you CREDITED me with the overdraft fee instead of debiting it!"

 

Enjoy your ban.

 

To whomever shared their VIP access with Bakken... this is your only warning. I could take the time to track IPs and figure out which VIP member is sharing a login, and that "time" is only about 3 minutes. I'd rather just warn you not to do it again and put this out here for ALL to see. That kind of activity is against the Terms of Service that you all agreed to, and could come back to bite you at a future date even if you're doing it with people that aren't as flagrant as Bakken. Is it really worth it to you?

 

VIPs, you're welcome - we don't need or want people like this meeting up with us Post RV. 

 

... moving on.

 

On 4/11/2018 at 9:00 AM, olivesman said:

THANKS for EVERYTHING.

My Qs:

1. Is the least expensive VIP package still $49.99?

2. Are you still providing a money-back guarantee based on the improved exchange spread alone?

3. If my assumptions are correct,  DOESN'T this make it a NO BRAINER?

AGAIN, my thanks to you and your mods for ALL that you do. 

 

1. Yes

2. Yes

3. :lol: Yes.

 

:tiphat:

 

 

On 4/11/2018 at 9:17 AM, coorslite21 said:

So bombs away........US, Syria, Russia, Israel.....etc.......       Oil prices rise......

 

Good for everyone except us at the gas pump....is this a ploy to increase oil prices?

 

Perhaps.... could this be a decoy to take the attention off of a change in value........if both events occured at the same time?

 

Elections are coming up......any common sense reason to wait for that change in value until after the elections?? ......and then Ramadan starts the next day.....for 30 days.......and historically.......not much happens then???

 

These are some thoughts........care to share any of yours..... on these......Thanks.....CL

 

 

 

Good thoughts and very intuitive as always, CL. 

 

Time will tell, as always. 

 

On 4/11/2018 at 9:21 AM, calkid11 said:

Good morning Adam, safe travels. I am finally back to where I can get around after another surgery. Can you give me a update on what I’ve missed in the past 3 months. Thank you 

God Bless 

 

 

Glad to hear you're back and doing better! Check out my link above... maybe read the last 4 or 5 updates. I think that will get you updated well enough.

 

:tiphat: 

 

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Thank You for the Q&A, Adam, AND The Best Of Your Week To You!!! :tiphat:

 

Hey, I REALLY liked this answer of Yours:

 

10 hours ago, Adam Montana said:

I see more positives to RVing pre-election than Post Election.

 

:backflip:       :backflip:       :backflip:

 

I’m sure hopin’ You are referring to before the May 12, 2018 elections!!!

 

:o       :o       :o

 

In The Mean Time.................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

:pirateship:

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One theory in "Conspiracy Land" is that the Syria missle attacks were not against Syria, but instead against US 3-Letter Agencies trying to provoke Trump into displacing Assad. I don't know that I can fully believe this theory, but have to say that with the timing of the recent events that this theory is very plausible.

 

If anyone has had a chance to see Tucker Carlson's recent monolog and critique of the recent attacks, watch it again but considering that the attacks were possibly against US rogue forces.

 

Indy

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On 4/16/2018 at 10:36 AM, Indraman said:

One theory in "Conspiracy Land" is that the Syria missle attacks were not against Syria, but instead against US 3-Letter Agencies trying to provoke Trump into displacing Assad. I don't know that I can fully believe this theory, but have to say that with the timing of the recent events that this theory is very plausible.

 

If anyone has had a chance to see Tucker Carlson's recent monolog and critique of the recent attacks, watch it again but considering that the attacks were possibly against US rogue forces.

 

Indy

 

Yep, I've studied that theory a bit as well. I figured it was outside the scope of this chat/update, so I didn't address it... very interesting though.

 

:twocents:

 

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44 minutes ago, Adam Montana said:

 

Yep, I've studied that theory a bit as well. I figured it was outside the scope of this chat/update, so I didn't address it... very interesting though.

 

:twocents:

 

I have thought about the possibilities of one of our corrupted initials being the instigater to provoke war. Then realized that there is a reason Russia did not retaliate?.... What could it be??? Hmmmm... 🤔  Because they knew it was a lie!  Makes me sick!!   Good thing there is some Russian callusion going on ... 

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      image source
       
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      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
    • By Adam Montana
      Hey hey good morning DinarVets!
       
      This is one of those "holy MOLY" spots in history - so much is going on right now!
       
      Coronovirus is shaking the stock markets - if you didn't catch @Pitcher's posts in my chat last week, they are worth a look!
       
      Super Tuesday was yesterday, and it looks like the Dem race is officially Old White Guy #1 vs Old White Guy #2. (I have nothing against old white guys, I just think it's funny  ). Mike Bloomberg bought American Samoa, apparently.
       
      Speaking of politics... 'tis almost full tilt political season, according to the drama-meter we run in the background. I'll take a second to gently remind everyone that this is a nice place to visit, we won't all agree on everything, and we like to keep things calm, cool, and collected. And nice. Just be nice to each other, please.  
       
      BTC is hovering around the 8700 mark, despite the political and health topics and markets. Solid.
       
      On to the dinar, which is of course the heart of these updates!
       
      We also have some member questions that I'll get to shortly.
       
      Sitting (temporary?) PM Allawi has threatened resignation - rather, he has "withdrawn his candidacy". 
       
      I said from the start that he wasn't my top choice for the spot, but he certainly impressed me! The man went in and started kicking things around like an Iraqi Jack Welch, which is exactly what needed to happen in Iraq. I get the feeling that he is an "all or nothing" kind of guy and didn't feel comfortable with what could have been a solid 80% win. 
       
      So, what's next? 
       
       
      The Iraqi President can simply appoint someone (again), but it's not necessary to take drastic action. Maybe Mahdi steps back up (he was never really gone), but that doesn't make a difference either. As mentioned in a recent post:
       
       
       
      The good news for us, and Iraq? 
       
      No matter who steps into the Prime Minister role next, Allawi was able to get some wood chopped. Iran lost a LOT of power over the last month, for one. I think that may have more to do with Allawi's current decision than anything - he seems to want them completely gone, not just 80% reduced. 
       
      Most importantly, and this is the crux of the matter, Allawi wasn't elected to this position in the first place - yet, things got done. In my opinion, the raise in the value of the Dinar is going to happen regardless of who is sitting in the Prime Minister chair. 
       
      All of the things that need to happen in Iraq continue to happen, and "who" is sitting "where" does not seem to matter. 
       
       
       
      EDIT: As I was wrapping up this post, @tigergorzow posted this:
       
       
      My thoughts on it were stated above, and remain the same - the name doesn't matter, as long as it's not Maliki! Someone will be in that seat, soon, and the train will continue to chug along.
       
      We are getting close.  
       
      ====== Member questions below =====
       
       
       
      This is a very reasonable question - it is based on logic and a thoughtful approach to the issue...
       
      ... unlike fiat currency, which is based on nothing of the sort, and actually throws reason out the window. The Iraqi Dinar is a fiat currency, just like the US dollar, and logical rules utilizing responsible financial principals simply do not apply.
       
      For this reason alone, it simply does not need to make financial sense to RV. Check out @ladyGrace'sDaddy's post below:
       
       
      Nicely stated, LGD.
       
      The summary is this: Iraq doesn't need a 1:1 reserve:cash ratio to have a 1:1 parity with the US dollar, or any other ratio to the dollar. The only thing that matters is "will it sell" - and, it will.
       

       
       
      There's always one in the group!  
       
       
      This is a great question as well! I don't think "massive" is the correct term. "Significant" - definitely, but it's not "massive".
       
      Nonetheless - I would only be concerned if OIL was suddenly no longer in demand. Any dips or peaks in the price of oil are temporary until the global demand for oil is eliminated.
       
      While OIL is a necessary product in the global economy, the price can fluctuate all it wants - Iraq still has a majority of it, and they will be able to bank on that.
       
      If the entire world switched to solar overnight, then it would be "game over". Until that happens, I am not too concerned about the price of oil.
       
       
       
       
      1 - I'll need more info on "1,000,000 IQD is forbidden". The rule is $10,000 (USD) and up must be declared in most countries. 
       
      2 - I still remember my first trip to Dubai, where there was a security checkpoint that required removing our shoes and they sprayed everyone's feet with disinfectant on the way through... but regarding your question, I'm going to need a link to be sure we are discussing the same thing  
       
       
      Great post, Synopsis
      The forum software will collapse your comment, but I'd encourage anyone interested to click on it to expand and read it. 
       
      My answer: I agree with your closing statement:
       
       

       
       
      Auctions... I'm not sure what you mean about the auctions. The auctions don't matter - if they sell at 1160 today but sell at 12 tomorrow, do we care what the rate was yesterday or if they did an auction yesterday? 
       
      The auctions will continue after the rate is changed. It's how they do business.
       
       
       
      Iran's influence was a major factor, but it is greatly reduced already and looks to be shrinking more by the day.
       
      All is well in my opinion!  
       
       
      ========= / end Member Q's =======
       
      WHEW! That was a fun update, I really appreciate the feedback and questions from the members! I'll do that again soon, or not, depending on Iraq.
       
      Don't forget to chuck your numbers in the Weekly Pool, and GOOOOO RRRRVVVVVV!!!!
       
       
       
      - Adam 
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