Adam Montana Weekly 22 April 2020 - WHAT IS GOING ON?!

[Adam Montana]

Good morning and happy Wednesday!

 

I don't know what to say here except: WOW.

 

WOW.

 

By now you've surely heard about the OIL markets, and I'm sure there are more questions than I could possibly anticipate... so I'm going to make a few comments and then just open this up for discussion.

 

SO MUCH is happening right now, it's impossible to keep up with it all.

 

Short summary: Oil (WTI) went to 0, and then it went negative.

 

This is an unprecedented situation, as in it has never happened before, ever.

 

Brent has since hit the lowest price since 1999.

 

I'm not huge on conspiracy theories, but there has never been a stronger argument for them than now. 

 

Global shutdown, blamed on Corona (COVID), leads to plummeted demand for oil, which rocks the markets, sends oil to negative trading territory, OIL stocks reverse split, and we have to ask...

 

... what's next?

 

Where is this going, and what is the end result going to be? 

 

The word that comes to mind is: SUDDENLY.

 

I'm proud to say I'm part of DinarVets today, and for anyone wanting a better understanding of the situation as it unfolds - take a look at this thread:

 

 

Out of all the places I go for information, I've seen some of the best information around posted right here on DinarVets, particularly in that thread.

 

Last week we were talking about an OPEC agreement between Russia and the Saudis to limit production. This is a repeat conversation over the last few years, with OPEC members talking about reducing in order to prop up prices. 

 

Rounds and rounds of talks. Has that worked?

 

No.

 

Time after time over the last few years, we've heard about OPEC agreements to cut production and stabilize or raise the price of oil.

 

That didn't work, so what happens? Corona comes in, and the market is FORCED to crash.

 

OPEC couldn't get the job done, but Corona did.

 

OIL will never, in our lifetimes, be "obsolete". We live in a fiat currency world, where "values" are defined not by gold or any other actual commodity you can hold in your hand. Value, such as the value of the dollars in your pocket, is arbitrarily defined in secret backroom meetings with sometimes nameless and faceless people in charge. Many of the things that happen in the stock market, crypto markets, and more, are the result of manipulations and end in riches for some, and poverty for others. 

 

This is no different. 

 

One fact remains true, regardless of the current villain being made popular by the MSM as they scare the sheeple into compliance, influencing their lifestyles and bank accounts day after day, and that fact is this: 

 

OIL, and the wealth it creates and sustains, will not be removed from our world anytime soon. 

 

OIL will remain part of our lives.

 

Therefore, Iraq will not slide into oblivion... nor will it's bank accounts. I'm not worried about the dinar - we know it's going to increase in value, even though we don't know what will happen between now and then, and we don't know if "then" is tomorrow or June or next year. 

 

We are in the middle of a massive shakeup. I won't pretend to know how long it will take to reach a conclusion, but I am positive it will... and at the end of it, those who control the oil will still have the leverage to be powerful, valuable, and rich.

 

Despite COVID, despite ISIS, despite elections and tsunamis and fads that are here today and gone tomorrow... Iraq has, in it's physical possession, a majority of THE commodity that is never in our lifetime going to be "worthless".

 

We are in a good spot, holding little pieces of that commodity in the form of their currency, when all of the imaginary "value" in the world is so uncertain.

 

Comments are open! Let's talk conspiracy theories and anything else that's on your mind in this incredibly crazy time.

 

FYI - I have some of my own. I'm going to post them, and a special discount code for VIP, sometime before the end of the week.

 

Let's gooooooo!!!!!!

 

 

- Adam

 

 

 

 

[fixxxer]

Thanks Adam!

[yendor]

How does oil demands compare to toilet paper demands?

[Wealth-Gap]

Thanks for the update Adam!

 

[MillieChatham]

Sitting here stunned at what’s happening, but thank you, Adam, for your insight and the information dispensed here. It is greatly appreciated and we will be looking forward to seeing what comes next. Peace to all..

[wc41]

Adam.... (and LGD) I totally get SUDDENLY!!! Definitely!!!!!

[wc41]

12 minutes ago, yendor said:

How does oil demands compare to toilet paper demands?

(Changed my comment) There may be those still caught in this dilemma. 

Edited April 22, 2020 by wc41
My household knows it first hand

[tigergorzow]

Adam Thanks,  Waiting for the infamous text...👍👍😁😁🙏🙏

 

GO RV & RI

[Shedagal]

In the past you have been pretty certain there would be no RV during Ramadan.  Still feel that way?

[kgreen]

Thank you, Adam. Wednesday's are always my favorite day because of your updates! I have one question for you; Couldn't Iraq increase the currency/value as a nation by completing an RV despite the plummeting oil prices which accounts for most of the value? This would have a positive impact on their global standing, value for their people and provide capital to keep the government functioning.

[ChuckFinley]

Adam, it would seem that Iraq is between a rock and a hard place. Oil down and Iraq once again has it hand out to the IMF and WB. This time the IMF and WB are pushing back. Add this the trying to seat a new Government which could result in Parliament being disbanded , no budget, and salaries have to be paid.  Not pushing the Hopium but one would think increasing purchasing power would be obvious. What options does Iraq have left?

[NeedRv]

Looks like OIL is the commodity to buy right now... cant go anywhere but UP... 

[NoviceInvestor]

Thank you Adam and Blessings to all ..🙏🏻

[boosterbglee]

Thanks Adam!  Essentially what will this do to the Petro Dollar?

[eburt]

Thanks Adam for the update - My questions is by the OIL being so low right now won't that set Iraq back even further from RVing their currency now?  I know they are rich in oil, gold and etc...But WOW!!!!!

Edited April 22, 2020 by eburt

[kgreen]

eburt, that is the opposite assumption to my question so I am looking forward to Adam's response. I can completely take your position of their economy being based on oil commodity and therefore have a huge negative impact on their valuation. I guess I am looking for some silver lining and the hopes they need to react to a decreased revenue source (oil) but still need to keep their government operating and food for their people. 

[Pitcher]

Thank you Adam.

 

It is a very confusing time.  I’ve been trading this the last few days and it has been no fun.  We are in unprecedented times and a new paradigm is forming, imo!!!   I’lll leave the conspiracy theories to others but I will say this, I think things are going according to the plan.  President Trump wants a Middle East Peace Solution.  Who is the biggest problem in the ME?  

 

 Iran is going down and so are the Iranian backed Iraqi Politicians.  Who will control all that oil..  Stay tuned and watch the show.  It’s going to work out for the people of Iran, Iraq, and the entire ME.  I also believe it will work out well for holders of Dinar.  

 

 

[nannab]

Thanks Adam and to suddenly!!!!!   

[gp49]

Thanks Adam.  Waiting for Suddenly! 

[NWGUY]

Thanks Adam for all you do here.  Do you think that they will be able to RV while they are still trying to form their new government?  I know CBI has a big say in the process, but I was under the impression that the government had to be in place also.  Just looking for a little more insight from a knowledgeable person!!  Again thanks Adam!!

[Mr. G]

I commented last year or a few years ago, when oil was really low. I can’t remember how long ago. 
That,  It only makes sense to RV while oil was super low. 
I can assure you, I’m not smart enough on this subject to make sense of why I feel this way, much less make an argument for it. But, I’m going to try. 
If your country’s worth is mostly based on one commodity, (oil), and you want (need) to raise/return your currency to its proud glorious value it once held, ($2-$3+-), you should RV your currency while oil is low. Then you could RV at somewhere between, $.10-$1.13. Still being undervalued. This would cause the majority of the people to cash in their holdings. Then as oil increased, raise the value from there. 
The world/the economy/ourselves would get the huge gain and Iraq would be unharmed. Actually, They would benefit tremendously, because they would have the majority of their money back in hand as the value slowly returned to its original value of $3+-, Along with the price of oil. 

When I mentioned this before, @Adam, you didn’t agree. I would like your take on the idea, now. What are your thoughts? 
Thank you 🙏 

[Synopsis]

Here are the recent Weekday Corrupt Bicraqi Iraqi CBI Daily Currency Auction results for April.

 

Foreign Currency Selling Window for 19/4/2020

 

Announcement No.(4171)

Sale Date -  19/4/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	143,118,598
Total sale cash	0
Total sale amount	143,118,598

Note:

• Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
• Cash selling price is (1190) ID for each Dollar.

https://cbi.iq/currency_auction/view/782

 

Foreign Currency Selling Window for 20/4/2020

 

Announcement No.(4172)

Sale Date -  20/4/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	146,729,400
Total sale cash	0
Total sale amount	146,729,800

Note:

• Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
• Cash selling price is (1190) ID for each Dollar.

https://cbi.iq/currency_auction/view/784

 

Foreign Currency Selling Window for 21/4/2020

 

Announcement No.(4173)

Sale Date -  21/4/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	144,421,000
Total sale cash	0
Total sale amount	144,421,000

Note:

• Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
• Cash selling price is (1190) ID for each Dollar.

https://cbi.iq/currency_auction/view/785

 

Foreign Currency Selling Window for 22/4/2020

 

Announcement No.(4174)

Sale Date -  22/4/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	158,799,122
Total sale cash	0
Total sale amount	158,799,122

Note:

• Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
• Cash selling price is (1190) ID for each Dollar.

https://cbi.iq/currency_auction/view/786

 

Here is the summary:

 

Sunday, April 19, 2020                                 143,118,598

Monday, April 20, 2020                                146,729,800

Tuesday, April 21, 2020                                144,421,000

Wednesday, April 22, 2020                          158,799,122

 

The average is 148,267,130. All electronic with no cash sales.

 

These auctions are supposed to pay for Bicraqi Iraqi Imports. Say, 5 auctions per week and 50 weeks per year is 250 Weekday Corrupt Bicraqi Iraqi CBI Daily Currency Auctions:

 

148,267,130 x 250 = 37.067 Billion USD per year for imports.

 

Here is a chart for 2010 through 2018:

 

https://tradingeconomics.com/iraq/imports

 

The moral of the story is the CORRUPTION just may be BABY taken out of the Corrupt Weekday Bicraqi Iraqi CBI Daily Currency Auctions so that ONLY cash sales are ELECTRONICALLY used for LEGITIMATE imports.

 

Go Moola Nova!

[Rochester]

15 minutes ago, Mr. G said:

I commented last year or a few years ago, when oil was really low. I can’t remember how long ago. 
That,  It only makes sense to RV while oil was super low. 
I can assure you, I’m not smart enough on this subject to make sense of why I feel this way, much less make an argument for it. But, I’m going to try. 
If your country’s worth is mostly based on one commodity, (oil), and you want (need) to raise/return your currency to its proud glorious value it once held, ($2-$3+-), you should RV your currency while oil is low. Then you could RV at somewhere between, $.10-$1.13. Still being undervalued. This would cause the majority of the people to cash in their holdings. Then as oil increased, raise the value from there. 
The world/the economy/ourselves would get the huge gain and Iraq would be unharmed. Actually, They would benefit tremendously, because they would have the majority of their money back in hand as the value slowly returned to its original value of $3+-, Along with the price of oil. 

When I mentioned this before, @Adam, you didn’t agree. I would like your take on the idea, now. What are your thoughts? 
Thank you 🙏 

 

I also can't make sense of all this, but I have a few hunches.

 

America is holding a lot of Iraqi Dinar, since the start of the war.

 

Trump said he wanted to keep the Iraqi oil.

 

Trump said he wanted Iraq to pay for the war.

 

China made an oil deal recently with Iraq. They need Iraqi oil, their economy runs on it, they have none of it on their own.

 

Maybe they will RV low....between 10 cents and a dollar thirteen. Most will cash out. Slowly the value of the Iraqi currency would rise to $3 per Iraqi Dinar. China would be allowed to build up Iraq, rebuild it, rebuild it's infrastructure, but the deal would have to include China agreeing to buy in Iraqi Dinar...at a high value. This would make China pay a high price and keep the value of the Iraqi Dinar high. Then America could sell it's Iraqi Dinar at high prices, raising enough money, trillions, to pay for the war and make China pay for the mischief it's been up to lately.

 

I have no idea if this even makes any sense, other than in my own mind....LOL

 

If anyone doesn't like my comment...

 

Don't shoot the messenger...just channeling the mushrooms today...lol 

 

...just spit-balling it

 

 

[Smokey Mtn. Dinar]

If it was to RV at .10 - 1.13 and we wait to cash in, until it goes up more, would we be able to keep it that long, and cash in at a higher rate? Or are we going to have a time limit to cash in?  

 

 

Thank you Adam for all the great news.

[ronscarpa]

Thanks Adam & everyone for your comments and posts...RON