Popular Post Adam Montana Posted March 4, 2020 Popular Post Report Share Posted March 4, 2020 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 PM Allawi has threatened resignation - rather, he has "withdrawn his candidacy".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: Quote ..., "Whether voting is done tomorrow or after a month or more, there is no constitutional vacuum for the government... given that there are two deputy prime ministers and either of them can manage the functions of the acting Prime Minister until The coming of the new government and the official handing over of the government. " 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 ===== Quote A continuing concern for me with this investment is that there are trillions of dinar in circulation internationally, and for an RV or RI to occur, at any value above about $.01, would seem to bankrupt Iraq, irrespective of its oil and other resources. Not being a math guy, I hope I'm missing something in this equation. 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: 20 hours ago, ladyGrace'sDaddy said: To take a stab at the ORIGINAL QUESTION, I'd like to point out something for whomever sent it to you Adam. Look into the amount of physical cash that the United States has in circulation and add to it the amount of digital money in U.S. dollars. Throw into the equation our National debt and eternal budget deficit, stir it all around on low heat for 100 years. Now ask yourself how come America not only has the world reserve currency but is able to maintain its Super Power status? In Trucker terminology physical currency is little more than a shell game created by the World Banking system design to keep the masses happy while enslaving them. When the World Banking system decides that it's in their best interests, Iraq will RV. And If you ask me that day is one hellof a lot sooner than anyone thinks. 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. On 2/28/2020 at 3:31 PM, dinarolover said: Are we there yet... 😂😂😂😂 couldwe see a rv this years. ? There's always one in the group! On 2/28/2020 at 3:46 PM, NoviceInvestor said: My concern is the massive price drop per Barrel of Oil? and it’s effect on the whole RV process. 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. On 3/1/2020 at 1:06 PM, Laid Back said: What are your thoughts on: 1- Customs regulations, $10,000 allowed but 1,000,000 IQD is forbidden ? 2- Sterilization process started by the CBI? Thanks in advance Sir. 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 On 3/2/2020 at 11:26 AM, Synopsis said: Hi Adam, It is reassuring seeing you so active on the DinarVets boards. Seems to indicate your optimism about closure on items we have been looking for in the potential near future. As always, Thank You to you and your affiliates for the post event pre work for optimizing the return on this investment. @tigergorzow posted a most excellent piece on what looks like Iranian factions outside of Iran vying for power in the recent Iranian leadership vacuum. Do you have any feed back or opinion on how this will affect the Iranian influence in Iraq? Seems like both the Iranian organization financial and leadership faculties are being squeezed tight with potentially limited viability for fomenting corruption and terrorism not only in Iraq but the entire Middle East. Potentially, this could influence Iran's ability to influence Iraqi affairs with limited to no cash and infighting among lower level Iranian leaders in Iraq essentially neutralizing Iran's effects in Iraq. A related question is if there is open fighting with loss of life of Iranian and/or foreign nationals on foreign soil, will this potentially or likely cause international demands for Iran to withdraw all influences from these countries (Iraq, Yemen, Lebanon, and Syria)? Lastly, could the current Iraqi Prime Minister upheaval be related to the diminishing effects of the Iranian influence in Iraq with Iraqi Nationalists calculating and applying their strategy to remove the Iranian influences from the Iraqi leadership positions with the ultimate progression of eradicating (sending back to Iran) all these Iranian influences? Possibly all speculation whereas a calculated local or international plan could be in place and a key reason for the Iranian IRGC top leaders to be liquidated in conjunction with increased sanctions and entities being sanctioned in Iran and Iraq. Seems like the Iranian IRGC operating on foreign soil is entering or is in their final gasps. Go Moola Nova! 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: Quote Seems like the Iranian IRGC operating on foreign soil is entering or is in their final gasps. On 3/2/2020 at 9:41 PM, boosterbglee said: Adam....a whole lot of banking information, meetings, training, updates, etc, lately. None of it really matters as long as they have their auctions. Whats you're skinny on this? 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. 20 hours ago, robert c said: I have heard that the pm resigned on Monday because he could not get his government passed. How well this effect a rv the year or next year. Seems Iran still has to many people in this government to get a rv done. 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 8 21 11 Quote Link to comment Share on other sites More sharing options...
umbertino Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam...... 2 2 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam 1 2 3 Quote Link to comment Share on other sites More sharing options...
keylime Posted March 4, 2020 Report Share Posted March 4, 2020 always fun talking on the positive side of the Dinar. From your last update to this one we are 1 week closer to the RV. When this thing finally hits, Iraq will be one of the seven wonders of the world, because most of the world will be wondering why they didn't get in it. HA! 2 2 4 3 Quote Link to comment Share on other sites More sharing options...
captjohnk Posted March 4, 2020 Report Share Posted March 4, 2020 any word on Warka ? 2 1 Quote Link to comment Share on other sites More sharing options...
Adam Montana Posted March 4, 2020 Author Report Share Posted March 4, 2020 8 minutes ago, keylime said: always fun talking on the positive side of the Dinar. From your last update to this one we are 1 week closer to the RV. When this thing finally hits, Iraq will be one of the seven wonders of the world, because most of the world will be wondering why they didn't get in it. HA! Yes, they will. And, yes: HA! 1 3 8 Quote Link to comment Share on other sites More sharing options...
Adam Montana Posted March 4, 2020 Author Report Share Posted March 4, 2020 2 minutes ago, captjohnk said: any word on Warka ? I don't personally communicate with Warka aside from my personal accounts - and I have the same issues with them that everyone else does. 5 Quote Link to comment Share on other sites More sharing options...
nannab Posted March 4, 2020 Report Share Posted March 4, 2020 It's final and straight from the top Man (Adam M) auctions and whom ever is PM does not matter regarding the RV. Unless Maliki sneaks in. Thank you Sir for all of the above. 37 minutes ago, Adam Montana said: 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. 2 7 Quote Link to comment Share on other sites More sharing options...
hete316 Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam for all you & your staff do. I really believe the reinstatement of the dinar will happen very soon. Seems that things are coming together nicely. 🤑 3 3 Quote Link to comment Share on other sites More sharing options...
psdon Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam and my heart goes out to the people in TN🙏😞 1 3 5 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted March 4, 2020 Report Share Posted March 4, 2020 Adam, Truly appreciate the outstanding support from you and your staff...😊😊 3 2 Quote Link to comment Share on other sites More sharing options...
watchmedude Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam , as always great up date . 4 2 Quote Link to comment Share on other sites More sharing options...
TheSouthernMan Posted March 4, 2020 Report Share Posted March 4, 2020 Nice update today...enjoyed the read. Thanks for the information and efforts that is put into this every week! Best Wishes to all... 4 2 Quote Link to comment Share on other sites More sharing options...
TripleA1960 Posted March 4, 2020 Report Share Posted March 4, 2020 46 minutes ago, psdon said: Thanks Adam and my heart goes out to the people in TN🙏😞 TY psdon! 3 1 Quote Link to comment Share on other sites More sharing options...
Goggles Posted March 4, 2020 Report Share Posted March 4, 2020 Thank you Adam and Teams!! 4 1 Quote Link to comment Share on other sites More sharing options...
ddl Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam. Wow am I ready to end the ride! GO RV!! 1 3 1 Quote Link to comment Share on other sites More sharing options...
rkpdwp Posted March 4, 2020 Report Share Posted March 4, 2020 what happened in tn 2 1 Quote Link to comment Share on other sites More sharing options...
cjdavid Posted March 4, 2020 Report Share Posted March 4, 2020 Wicked weather. Tornados. Several dead, 22 last I heard, dozens missing still. 4 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 4, 2020 Report Share Posted March 4, 2020 2 hours ago, Adam Montana said: 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. Thank you for the great post Adam. I put up 2 posts last night that basically stated that there is still a good demand for oil. I also read that the CEO of Chevron stated that oil demand was solid. The ppb has gone down but it’s hanging in there considering China was basically off line for 2 months. They are now at 60% capacity in their factories and are ramping up as the CV subsides. Drill Baby Drill. 5 1 4 Quote Link to comment Share on other sites More sharing options...
fixxxer Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam! 3 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Adam for all your work. It was a big week for us out here and your post had some great insight and information. Thanks Again 3 4 Quote Link to comment Share on other sites More sharing options...
steveh12 Posted March 4, 2020 Report Share Posted March 4, 2020 Thanks Big M How is Mrs. M and all the other little M&Ms 😀 3 1 Quote Link to comment Share on other sites More sharing options...
alloywheelmaster Posted March 5, 2020 Report Share Posted March 5, 2020 Thanks Adam 3 1 Quote Link to comment Share on other sites More sharing options...
wealthhound Posted March 5, 2020 Report Share Posted March 5, 2020 Thank you Adam! Amidst all the news brought here in a week, it's amazing that you are able to summarize so concisely....I think many of us settle down a bit after your insights are shared! Choo, choo, keep on chugging!! .....we are all waiting at the station for you! WH 2 1 Quote Link to comment Share on other sites More sharing options...
jdeason Posted March 5, 2020 Report Share Posted March 5, 2020 I live in Louisiana and there seems to be no slow down in the oil drilling industry, in fact I saw a recruiting add today offering entry level jobs with no experience necessary and offering lots of overtime. Lots of these young men working as drilling consultants work 14 days on and 14 days off making $2,000 plus a day. 3 2 1 Quote Link to comment Share on other sites More sharing options...
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