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Adam Montana

Adam Montana Weekly 12 Feb 2019

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10 hours ago, screwball said:

we will be here until rv...then smokin

Unfortunately I’ll be at work till it rvs. What is it your smoking, I wasn’t sure if u ment smokin tires to the bank or smoking something better?? 
let’s hope this ends soon 💰💰

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22 hours ago, FROSTYJACK said:

Even the Bro's thread in rumors ran out of steam and "Ha-Ha's" 😎


Wtf - Who Are The Bro’s ? :blink: 

 

 

DR-SEUSS-THING-1-THING-2-Decal-Removable-WALL-STICKER-Home-Decor-Art-Kids-Cat


Never Heard Of Them - HaHa ! :lmao: 

 

:D  :D  :D 

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8 hours ago, "Fred" said:

Unfortunately I’ll be at work till it rvs. What is it your smoking, I wasn’t sure if u ment smokin tires to the bank or smoking something better?? 
let’s hope this ends soon 💰💰

Smokin tyres to the bank 

Edited by screwball
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3 hours ago, DinarThug said:

Allawi announces the completion of his government formation and calls on Parliament to vote on it this week

 

%D8%B9%D9%84%D8%A7%D9%88%D9%8A.jpg
 

 

15th February, 2020


The Prime Minister-designate, Muhammad Tawfiq Allawi, has reported the date of completion of the cabinet, for the new government, to be ready to vote in front of the Iraqi parliament.

The deputy of the State of Law coalition Ali Al-Ghanmi told Shafaq News that "Prime Minister-designate Muhammad Tawfiq Allawi told the political forces that the completion of the cabinet booth, for the new government, will be ready, tomorrow, Sunday."

And he stated that "tomorrow after the announcement of Allawi, the readiness of the ministerial cabinet, perhaps the Iraqi Council of Representatives, on Monday, Tuesday, or another day of the current week, will determine its special session to vote giving confidence to Allawi and his government."

Meanwhile, Mohammed Allawi said in a tweet to him on Twitter, "We are close to achieving a historic achievement, which is the completion of an independent ministerial cabinet of the competent and impartial without the intervention of any political party."

He added that "we will put the names of this booth this week if away from rumors and leaks, and we hope members of Parliament will respond and vote on them in order to start implementing the people's demands."

It is assumed that Allawi, who was named Prime Minister after a difficult consensus reached by the political blocs, will present his formation to Parliament before the second of next March to vote on it, according to the constitution.

Since October 1, Baghdad and the predominantly Shiite cities of the south have been witnessing demonstrations calling for early elections and fighting corruption, which prompted former Prime Minister Adel Abdul Mahdi to resign.

The protesters denounced the appointment of Muhammad Allawi by President Barham Ahmed Salih to form the new government, and they demanded that he step down and be commissioned to another that enjoys the acceptability of the popular movement.

 

58 minutes ago, Adam Montana said:

Tomorrow or Monday will work just fine with my schedule!

 

:twothumbs: 


:o 

 

:D  :D  :D 

 

 

LINK

Allawi announces the completion of his government formation and calls on Parliament to vote on it this week

 

%D8%B9%D9%84%D8%A7%D9%88%D9%8A.jpg
 

 

15th February, 2020


The Prime Minister-designate, Muhammad Tawfiq Allawi, has reported the date of completion of the cabinet, for the new government, to be ready to vote in front of the Iraqi parliament.

The deputy of the State of Law coalition Ali Al-Ghanmi told Shafaq News that "Prime Minister-designate Muhammad Tawfiq Allawi told the political forces that the completion of the cabinet booth, for the new government, will be ready, tomorrow, Sunday."

And he stated that "tomorrow after the announcement of Allawi, the readiness of the ministerial cabinet, perhaps the Iraqi Council of Representatives, on Monday, Tuesday, or another day of the current week, will determine its special session to vote giving confidence to Allawi and his government."

Meanwhile, Mohammed Allawi said in a tweet to him on Twitter, "We are close to achieving a historic achievement, which is the completion of an independent ministerial cabinet of the competent and impartial without the intervention of any political party."

He added that "we will put the names of this booth this week if away from rumors and leaks, and we hope members of Parliament will respond and vote on them in order to start implementing the people's demands."

It is assumed that Allawi, who was named Prime Minister after a difficult consensus reached by the political blocs, will present his formation to Parliament before the second of next March to vote on it, according to the constitution.

Since October 1, Baghdad and the predominantly Shiite cities of the south have been witnessing demonstrations calling for early elections and fighting corruption, which prompted former Prime Minister Adel Abdul Mahdi to resign.

The protesters denounced the appointment of Muhammad Allawi by President Barham Ahmed Salih to form the new government, and they demanded that he step down and be commissioned to another that enjoys the acceptability of the popular movement.

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Al-Salhi: Allawi informed us that he would announce the names of candidates for his cabinet in hours

 

image.php?token=1e3704f8e07de482145bd4def6fd761a&c=4288563&size=
 

 

Baghdad / Al-Akhbariya:



The head of the Turkmen Front, Deputy Arshad al-Salihi, called on Saturday all political blocs to give the new government a last chance to get out of the current crisis in the country, noting that the Prime Minister-designate Muhammad Tawfiq Allawi promised to announce the names in the coming hours.

Al-Salhi said in a statement to "Al-Akhbaria" that "Prime Minister-designate Muhammad Tawfiq Allawi has informed us that he will announce the names of the candidates for his cabinet."

He added that "all political blocs give the new government a last chance to get out of the current crisis in the country," noting that "Allawi will launch his cabinet, and then he will agree with the Sunni and Kurdish blocs on it."

Al-Salhi continued, "If the quorum is reached for the parties agreed, Allawi's government will be passed in Parliament," noting that "Allawi promised us to represent the Turkmen component in his prospective government."

LINK

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Hopefully this will not be considered any kind of critical comment about Adam or any of the thoughtful members of DV. 

I’m seeing so many positive comments about how close we are to an RV. 
I was wondering if we, actually, are. 


1.  is there a complete and functioning

government?

2.   Are the crooks and other ner-do-wells still able to do harm?

3.  Is the banking system (and laws)  up and ready to handle an event like an RV?

4.  Is Iraq safe enough for countries & businesses to actually infuse tons of money into the country?

 

there are so many ancillary things that must be in place before the euphoria of an RV. I’ve been seeing lots of euphoria but not much of the bones of the event. 

Adam has done exceptionally well on educating us, informing us, motivating us and putting in place plans so we’re able to protect our gains. 
I have sensed so much excitement on DV recently I was concerned that maybe many were putting the wagon ahead of the horse. 

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22 minutes ago, fredst said:

I’m seeing so many positive comments about how close we are to an RV. 
I was wondering if we, actually, are.


Idk FREDst - We May Have To Defer To Ethel To Calmly Explain It ! :o 

 

I Love Lucy Fred GIF

 

:D  :D  :D 

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40 minutes ago, fredst said:

Hopefully this will not be considered any kind of critical comment about Adam or any of the thoughtful members of DV. 

I’m seeing so many positive comments about how close we are to an RV. 
I was wondering if we, actually, are. 


1.  is there a complete and functioning

government?

2.   Are the crooks and other ner-do-wells still able to do harm?

3.  Is the banking system (and laws)  up and ready to handle an event like an RV?

4.  Is Iraq safe enough for countries & businesses to actually infuse tons of money into the country?

 

there are so many ancillary things that must be in place before the euphoria of an RV. I’ve been seeing lots of euphoria but not much of the bones of the event. 

Adam has done exceptionally well on educating us, informing us, motivating us and putting in place plans so we’re able to protect our gains. 
I have sensed so much excitement on DV recently I was concerned that maybe many were putting the wagon ahead of the horse. 

Trust me when I tell you the horse left the barn a long time ago. There ain't no way the wagon is going to overtake the horse on this one. 

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Fredst, I was also wondering how close we actually are. With those , as you stated,  "crooks" in their government. I can't help but think that whoever is to make "THE CALL"   seems to me that he or they would hoard as much of the dinar as possible just before that "CALL" is made and he or they would have so much power or clout not only in Iraq, but possibly the whole world.  I don't want to be called Chicken Little about the sky falling, I just don't trust government.... Iraqi OR the U.S .  JMHO.

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The sources pointed out that there is a breakthrough in many of the outstanding issues between Erbil and Baghdad, and the region will have an appropriate role in the next government.

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7 hours ago, 6ly410 said:

The sources pointed out that there is a breakthrough in many of the outstanding issues between Erbil and Baghdad, and the region will have an appropriate role in the next government.


Thanks Bra.
:D:D


 

 

On 2/14/2020 at 10:27 AM, DinarThug said:


Wtf - Who Are The Bro’s ? :blink: 

 

 

DR-SEUSS-THING-1-THING-2-Decal-Removable-WALL-STICKER-Home-Decor-Art-Kids-Cat


Never Heard Of Them - HaHa ! :lmao: 

 

:D  :D  :D 


The Bros changed their name. 

There’s no more oh. Now it’s ah. Bra. 

 

:cigar:

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4 minutes ago, gregp said:


Thanks Bra.
:D:D


 

 


The Bros changed their name. 

There’s no more oh. Now it’s ah. Bra. 

 

:cigar:

I vote for bra!! Lol

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5 minutes ago, GregHi said:

I vote for bra!! Lol


I vote for a Bra section. 
:crossedfingers:

 

58cd0f42a10d6_2017-03-1805_41_09.png.1acd2e256033f90bc4f8150fb690ccaf.png

Edited by gregp
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16 hours ago, fredst said:

Hopefully this will not be considered any kind of critical comment about Adam or any of the thoughtful members of DV. 

I’m seeing so many positive comments about how close we are to an RV. 
I was wondering if we, actually, are. 


1.  is there a complete and functioning

government?

2.   Are the crooks and other ner-do-wells still able to do harm?

3.  Is the banking system (and laws)  up and ready to handle an event like an RV?

4.  Is Iraq safe enough for countries & businesses to actually infuse tons of money into the country?

 

there are so many ancillary things that must be in place before the euphoria of an RV. I’ve been seeing lots of euphoria but not much of the bones of the event. 

Adam has done exceptionally well on educating us, informing us, motivating us and putting in place plans so we’re able to protect our gains. 
I have sensed so much excitement on DV recently I was concerned that maybe many were putting the wagon ahead of the horse. 

 

IMHO (My comments in dark text😞

 

1. Is there a complete and functioning

government? No, but from the looks of things, could possibly be one of the quickest governments formed in history after the fall of Sadam. But, only time will tell. Remember, this is Iraq and saying one thing, but not delivering on results is a very common and daily occurrence.

2.   Are the crooks and other ner-do-wells still able to do harm? This is Iraq...need I say more?

 

3.  Is the banking system (and laws)  up and ready to handle an event like an RV? This is the one area I feel that the country of Iraq has made the most progress and is ready for the coming changes.

 

4.  Is Iraq safe enough for countries & businesses to actually infuse tons of money into the country? This will depend on the acceptance of the newly established government by the people, and the direction that the newly formed government takes. If there's a continued foray into corruption, or even the perception of corruption, then things may not get to a point of stability. Only time will tell.

 

Indy

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8 minutes ago, Indraman said:

 

IMHO (My comments in dark text😞

 

1. Is there a complete and functioning

government? No, but from the looks of things, could possibly be one of the quickest governments formed in history after the fall of Sadam. But, only time will tell. Remember, this is Iraq and saying one thing, but not delivering on results is a very common and daily occurrence.

 

2.   Are the crooks and other ner-do-wells still able to do harm? This is Iraq...need I say more?

 

3.  Is the banking system (and laws)  up and ready to handle an event like an RV? This is the one area I feel that the country of Iraq has made the most progress and is ready for the coming changes.

 

4.  Is Iraq safe enough for countries & businesses to actually infuse tons of money into the country? This will depend on the acceptance of the newly established government by the people, and the direction that the newly formed government takes. If there's a continued foray into corruption, or even the perception of corruption, then things may not get to a point of stability. Only time will tell.

 

Indy

Thank you,your point #3 I was thinking the same thing,we had many news articles on here about them overhauling there banking system ,training people and they got there iban numbers or whatever but I agree with you 🤛

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4 hours ago, Indraman said:

 

IMHO (My comments in dark text😞

 

1. Is there a complete and functioning

government? No, but from the looks of things, could possibly be one of the quickest governments formed in history after the fall of Sadam. But, only time will tell. Remember, this is Iraq and saying one thing, but not delivering on results is a very common and daily occurrence.

 

2.   Are the crooks and other ner-do-wells still able to do harm? This is Iraq...need I say more?

 

3.  Is the banking system (and laws)  up and ready to handle an event like an RV? This is the one area I feel that the country of Iraq has made the most progress and is ready for the coming changes.

 

4.  Is Iraq safe enough for countries & businesses to actually infuse tons of money into the country? This will depend on the acceptance of the newly established government by the people, and the direction that the newly formed government takes. If there's a continued foray into corruption, or even the perception of corruption, then things may not get to a point of stability. Only time will tell.

 

Indy

Thanks but not REALLY on point. 
The answers to my questions are actually binary; ‘yes or no’. 
i, too, “hope” and “feel” things about Iraq but....

The laws are either in place or not. 
Iraq either has a complete, functional government or it does not. 
Based on reality on what the government in place has ESTABLISHED, countries and corporations will feel safe to infuse huge sums of money and people...or not

The “crooks” are either in a position to do more damage to either/or delay an RV or they are not. 
This is not like buying a pair of pants that may be too loose at the waist. This is the foundation of a new government, legal system and banking system. No, not just ‘ok’ pants but a complete bespoke suit. 
For me there are just too many things NOT IN PLACE to signal ( or cause me to get truly excited about) an imminent RV. 
I pray I’m mistaken but.......

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:twothumbs: Thanks for the article Adam...have a fruitful week. ### Until next Wednesday..!:salute:

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On 2/16/2020 at 1:25 PM, fredst said:

Thanks but not REALLY on point. 
The answers to my questions are actually binary; ‘yes or no’. 
i, too, “hope” and “feel” things about Iraq but....

The laws are either in place or not. 
Iraq either has a complete, functional government or it does not. 
Based on reality on what the government in place has ESTABLISHED, countries and corporations will feel safe to infuse huge sums of money and people...or not

The “crooks” are either in a position to do more damage to either/or delay an RV or they are not. 
This is not like buying a pair of pants that may be too loose at the waist. This is the foundation of a new government, legal system and banking system. No, not just ‘ok’ pants but a complete bespoke suit. 
For me there are just too many things NOT IN PLACE to signal ( or cause me to get truly excited about) an imminent RV. 
I pray I’m mistaken but.......

 

I believe it's the opposite. The Iraqi Dinar can't go up unless people feel that it will be supported.

 

Why is BTC close to $10,000, or TSLA at $800? Neither of those examples show in black and white that they "should" be at that level - they are there because people feel and think. The same is true for the dinar - there will never be a black and white absolute "yes", only a long list of "no". Luckily, that's not the deciding factor here.

 

:twocents: 

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Just getting in from work and checking in at the right time. Thanks Adam form the quick input.  Looking forward to see how this GOI plays out.  

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      (Fun fact! Dollars go to the DFI account rather than directly to the MoF to prevent the money from immediately being confiscated to pay reparation debts... kind of like using an IBC to protect assets.)
       
      We can expect the auctions to continue while the Dinar is pegged to the dollar, undervalued, and the circulation needs to be controlled.
       
      There are some people who believe the Auctions in Iraq need to stop, and there's good reason for that - few countries have had success with them. For example, South Sudan (who knows where that is?) tried it four times after they devalued. South Sudan, which is known as one of the most underdeveloped nations in the world, and who's primary export is timber. That's no knock on wood, the world needs wood... but wood isn't oil, and South Sudan isn't Iraq. (Sudan and South Sudan don't even make the top 100 in the world for oil reserves.) Iraq is obviously different, both in potential here and in the successful practice of having auctions.
       
      Other countries to do currency auctions include Jamaica, Uganda and Sierra Leone. Like South Sudan - none of them are Iraq, and none of them carried Auctions as long as Iraq... in fact, the auctions in those cases were failures.
       
      With those examples in mind, of course we'd like to see the currency options stop.
       
      And they probably will, at some point. But most likely not until after the RV.
       
      Since the auctions aren't stopping, and Iraq is not the same as the countries that failed at auctions... what can we expect during a major rate change?
       
      Fantastic question! I'll take a stab at it, using examples to make the point.
       
      At the auctions, the CBI operates buy/sell at about a 2% difference, which is an effective start of the spread that will affect every single one of us.
       
      If the rate were changed today to 1IQD per 1USD and the IQD returns to the global market (it will, at any significant increase in rate), then we will be trading in at the rate stated by the CBI minus middlemen fees - what it costs to actually get the money through the various institutions and into your account. (This isn't Bitcoin, you know!)
       
      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
    • 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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