Popular Post Adam Montana Posted July 24, 2019 Popular Post Report Share Posted July 24, 2019 Good morning good morning and happy 24th of July! I posed a question last week, regarding the budget and how "necessary" it is to change the value on the currency. Follow up... let's say the Department of Lawn Fertilization has 1 million IQD allocated to it. That's approximately $1000 (USD). With an RV of 1:1 with the US dollar, the Lawn Fertilization Department now has 1 million USD, which is probably overfunded at that rate and wouldn't make sense, right? I see this playing out one of two ways, and only one really stands a chance... 1. The previous budget stands, leaving a majority of departments overfunded to the point they have a surplus for many years. 2. Immediately following the announcement of the rate change, a decree is issued stating that the previous US Dollar amount allocated to the Departments is still being used, and Parliament gets to work with a different mindset on the next budget. Iraq is currently operating on a budget fit for a pauper, even through by rights Iraq should be one of the wealthiest nations in the world. Iraq has, in the past, operated on budgets and status befitting their actual situation - that situation being one of the wealthiest nations in the world. This is such a basic and fundamental concept that it doesn't even need to be explained in detail. The natural question most of us have at that point is something like this: "When the rate changes, how is the Department of Lawn Fertilization (and every other Department) going to be happy with $1000 while there's obviously more money available? Won't this cause immediate civil unrest, throwing the country into chaos again, and immediately devalue the dinar again?" That would indeed be a problem! There's an easy solution: All Departments get an immediate credit, or "loan", equal to their portion of the budget X the RV rate. If it's a 10X RV, then the Lawn Fertilization gets access to 10X their original budgeted amount, to be reconciled and adjusted prior to the next Budget. The list of Departments that need to be accounted for is not so long that this would cause any problems. The Departments having access to a greater amount will curb excess spending and abuse... the Department of Lawn Fertilization may not need 10X, so as they utilize their "credit", a cap can be applied to individual Departments throughout the remainder of the budget year. The People who hold physical Dinar simply benefit by the increase in value, just like we will. A new printed currency comes out within weeks or even days of the rate change, and we're all aware that the new notes are ready to be printed, if not already printed and being held for distribution. Iraq is currently in the final stages of preparation to return to their previous status in the world. They are not a country that has been in poverty for centuries... the are barely over a decade into their current situation. They have had a short setback in their financial situation, but at their core they are a rich country and this is not a huge mental shift for them to return to prosperity. The budget, in my opinion, is not something that will hold them back. A few strokes of the pen and some clicks of a mouse and the Budget is adjusted... bada boom, bada bing. Easy peasy lemon squeezy, no matter how they decide to handle it. It's not a complicated path. @presence made a fantastic post in last week's thread - I think it's worth repeating: "Theres been tremendous progress since the elimination of the dasholes (despite the lack of elimination of a former PM.). SWIFT codes and.KPMG werent even a thiught a decade ago, nor was president Trump. I mention the latter because a proper 'deal' could and would eliminate the entire US debt - which is possible mathematically and would be structurally sound. I find it interesting that Trump.made a relevant reference in the news this week; while referring to the fact that the Iranian fiasco setup by Obama (Aka Valerie Jared) was only supposed to be 5 years in duration, he stated that agreements should be much longer when working with countries- in excess of 50 years in length. I recall reading an article prior to his election in which he said we should just take the oil from Iraq for what we've done for them; I'm sure Iraq and all other nations involved would agree that a lengthy deal.would be and is preferable. Recent events (just to name a few) such as the recent visit - and followup meeting just yesterday- of KRG with Baghdad, public comments regarding the completion of article 140, Mahdi's visit to the White House on or about the 15th of July, the yet to be released statement and conclusion by the IMF (I'm pretty sure we would've heard something by now if their summation was negative), the stability and strength of the IQD's market rate and a sustained fluctuation of less than 2%, stability and duration of the current price of oil, the development of digital technology and the coordination between NASD.and the Iraqi stock exchange, the recent "Fire Drill" at the IQD, continued unrest and public demonstrations by the Iraqi citizens - all point in the direction that a positive change in rate of the IQD is coming - this year (I personally won't be surprised if it comes by Aug. 2nd.) The most encouraging thing I left out are previous comments from the CBI that state a change in rate was supposed to have aleeady happened -years ago- and that it didn't due to problems in Iraq that have since been resolved- which further proves the current state of stability and security in Iraq. Go RV!!!" I don't know how much more I can add to that! Nice post, @presence One more thought before I wrap this up - a lot of our news threads here have exceeded thousands of posts. Those threads will be locked (mods, please help me out here) in an effort to bring the most current news to the attention of those of us interested in reading. If you see a locked thread in the news sections, this does not mean we don't want to continue the conversation! It just means it's time to start a new thread on the topic. Have a fantastic day, everyone! GOOOOO RRRRVVVVVVV!!!! - Adam 5 17 30 1 Link to comment Share on other sites More sharing options...
429 Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks, Adam 5 1 Link to comment Share on other sites More sharing options...
dinareffic Posted July 24, 2019 Report Share Posted July 24, 2019 Awesome stuff as always Adam 1 1 3 Link to comment Share on other sites More sharing options...
Thriver Posted July 24, 2019 Report Share Posted July 24, 2019 Very positive update Adam, thank you! And thank you so much for your dedication to those of us who are waiting for a very important RV! Blessings! 1 2 2 Link to comment Share on other sites More sharing options...
Miamiheatnic Posted July 24, 2019 Report Share Posted July 24, 2019 Thank you all for everything you do. Presence, you're the man. 3 1 Link to comment Share on other sites More sharing options...
cranman Posted July 24, 2019 Report Share Posted July 24, 2019 Still on standby or are we waiting for until after the holiday break? Not asking for date just asking anytime and does parliament have to be in session for the RV / RI to happen? Your opinion of course. 1 3 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks Adam 1 2 2 Link to comment Share on other sites More sharing options...
davis411 Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks Adam push that button 1 1 2 Link to comment Share on other sites More sharing options...
Miamiheatnic Posted July 24, 2019 Report Share Posted July 24, 2019 10 minutes ago, davis411 said: Thanks Adam push that button I dare you 2 1 Link to comment Share on other sites More sharing options...
tigergorzow Posted July 24, 2019 Report Share Posted July 24, 2019 Adam Thanks for keeping it real with DV Members. Come on GOI, KRG & PARLIAMENT git er done. The best things in life right now is a heavy dose of an RV & RI Of The IQD. 1 3 1 Link to comment Share on other sites More sharing options...
ninu320 Posted July 24, 2019 Report Share Posted July 24, 2019 1 hour ago, dinareffic said: Awesome stuff as always Adam Love your Droopy (Ole Dep Dog) Avatar! :-) 1 2 Link to comment Share on other sites More sharing options...
dinareffic Posted July 24, 2019 Report Share Posted July 24, 2019 6 minutes ago, ninu320 said: Love your Droopy (Ole Dep Dog) Avatar! :-) lol. Thanks. He's a classic. I showed my kids and they said "who is that"? 1 7 Link to comment Share on other sites More sharing options...
umbertino Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks Adam 3 Link to comment Share on other sites More sharing options...
olivesman Posted July 24, 2019 Report Share Posted July 24, 2019 Oh boy oh boy oh boy 2 2 1 1 Link to comment Share on other sites More sharing options...
ChuckFinley Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks Adam and Staff. Always look forward to Wednesday. 1 1 3 Link to comment Share on other sites More sharing options...
wealthhound Posted July 24, 2019 Report Share Posted July 24, 2019 Thank you! Exciting , yet nail biting times we are in! Can't wait to be able to look back!! 1 1 1 Link to comment Share on other sites More sharing options...
Pitcher Posted July 24, 2019 Report Share Posted July 24, 2019 Good Morning x 2 to you as well Adam. Thank you for your great post. Everyone keeps asking me is it time to pop the champagne. Well for me it will be Hot Tea or a Root Beer Float. I tell them it will happen when it happens, but I did leave the ice cream out all night Saturday. Haha. Thanks to you and your staff for making this a great web site for Dinar news, Political hysteria, and good ole fashion silliness and fun times. 1 1 8 5 Link to comment Share on other sites More sharing options...
shawnee Posted July 24, 2019 Report Share Posted July 24, 2019 hey pitcher , love that picture !! 1 1 Link to comment Share on other sites More sharing options...
Popular Post DinarThug Posted July 24, 2019 Popular Post Report Share Posted July 24, 2019 (edited) 2 hours ago, Adam Montana said: a lot of our news threads here have exceeded thousands of posts. Those threads will be locked (mods, please help me out here) in an effort to bring the most current news to the attention of those of us interested in reading. If you see a locked thread in the news sections, this does not mean we don't want to continue the conversation! It just means it's time to start a new thread on the topic. Amen To That Brother - Long Time Coming ! So Now It Can Finally Return Back To Being An Actual ‘News’ Section Instead Of A Never Ending Episode Of ‘Hoarders’ ! And Most Importantly - U’ll No Longer Be Breaking The Single Most Ultimate ‘Cardinal Rule’ Of The Entire News Industry ! “Don’t Bury The Frickin’ Lead” ! Edited July 24, 2019 by DinarThug 1 1 16 3 1 Link to comment Share on other sites More sharing options...
Synopsis Posted July 24, 2019 Report Share Posted July 24, 2019 Thank You For The Explanation AND Great Post, Adam, AND The Very Best Of The Rest Of Your Week AND Up Coming Weekend To You!!! Here we are in day 63 of the Dos Equis (XX days) DAZE of Summer 2019 since May 22. ONLY an ESTIMATE, of course!!! NOMINALLY, August 2 as a DATE presented by @presence would be day 72 of the Dos Equis (XX days) DAZE of Summer. WELL, I LIKIE 72. Reminds me of the Rule Of 72. 10% return DOUBLES YER MONAE' in 7.2 years. Well, OK, WE'LL much MORE THAN double OUR MONAE' IN THIS Speculative Bicraqi Iraqi Dinar Investment!!! In The Mean Time.............................................................. Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!! 1 4 4 Link to comment Share on other sites More sharing options...
watchmedude Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks Adam, so it is a good possiblity Aug2 this ride will get very interesting .All right 1 1 4 Link to comment Share on other sites More sharing options...
nannab Posted July 24, 2019 Report Share Posted July 24, 2019 No nonsense right to the point with positive news We are so ready!!!! Thanks Mr. Adam 1 4 Link to comment Share on other sites More sharing options...
NevadaSam Posted July 24, 2019 Report Share Posted July 24, 2019 Adam, that was a really good post for Dinar news updates, greatly appreciated….thank you 1 1 2 Link to comment Share on other sites More sharing options...
greeley Posted July 24, 2019 Report Share Posted July 24, 2019 Thank you!! Great info!! 1 2 Link to comment Share on other sites More sharing options...
FROSTYJACK Posted July 24, 2019 Report Share Posted July 24, 2019 Thanks daddy 😎 1 Link to comment Share on other sites More sharing options...
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