Adam Montana Weekly 12 July 2020

[aj1]

Much appreciated Adam.  Thanks for taking the time to update us!!

[delctrc]

THANKS ADAM FOR MAKING IT SIMPLE 

[nannab]

Thank you Mr. Adam and GO HCL!  GO RV!!    

[Joe Sutherland]

💥💥So many exciting developments!!

 

Adam you truly are an incredible resource to all who choose to take advantage of what you offer and to those who don't as well!! 

Thank you!!

 

✈ OGIT🛩

 

Where can I find the latest on OGIT?

Any changes in OGIT strategy due to covid? New laws? Better options? Better drinks in the OGIT charter flights??

Thanks!!

 

[boosterbglee]

Thanks Adam.......you’re the reason I joined this site!

[AUDREY FEDDERS]

11 hours ago, pbtr said:

Great info, thanks Adam!  My question, that has never been answered, is can we deposit our IQD as IQD or will we have to convert and rebuy?

 

[DinarThug]

14 hours ago, ScaryMary said:

I loved your explanation and it was easy to understand. (I used to zone out in class....)

GO SCHMOOLIE

Tell Me U Didn’t Just Say ‘Schmoolie’ !  

 

 

     

[NextYear]

Quote

My friends, Iraq isn’t about to go into debt so we can get rich. Therefore, a $3 RV isn’t the answer, and we must look at another possibility.

Take a hypothetical rate of $0.10 (ten cents)

 

Again, using the same numbers we have 1 Trillion IQD that needs to be changed out to smaller denominations. The CBI announces the rate at ten cents and also announces that your large notes will be worthless in 90 days.

 

Every investor would love to hold out for a higher rate, but in this situation you have no choice… you cash out. The CBI will likely use the same spread, so they will buy 1 trillion Dinar at a rate of .10, minus 25% spread, which gives us about $750 for every 10,000IQD note we have… and the CBI makes 250 million in the first 90 days at an expense of only 1 billion. This puts their debt on this transaction at only 750 million… a far cry from the 225 billion in the $3 RV!!!

 

I can only hope it'll be a 1-1 exchange rate. I can easily live with that. Even if it's 0.86.

At 0.10 it would really suck. But at least it's better than a lop. Though by the time you get done with that 25% spread, the exchange fee at banks and the 15% Capital gains taxes, it's working its way down to a LOP.

Edited July 13, 2020 by NextYear

[Shredr]

Wow a wealth of info. No pun intended. I also second the idea from Andy3232. Thanks Andy and thank you for your due diligence Adam!!!

[NeedRv]

Best/Promising post in a looooong time..... BUT I will believe it...when I see it... (TEXT from Adam) 

[davis411]

7 hours ago, boosterbglee said:

Thanks Adam.......you’re the reason I joined this site!

Uhhhh

i thought many joined cause of me

 

everyone loves a davis 

[Adam Montana]

23 hours ago, olivesman said:

so excited. (lower case as trying extremely to maintain my cool)

Look forward to your further suggestions. (avoiding the term "advice")

THANK YOU.

 

I appreciate your awareness, sir!  

 

20 hours ago, Inbedded HorseHead said:

I think you cash out 80% and hold 20% for a “let it ride” payoff....

 

 

I was just working through that portion of the strategy in the upcoming VIP post... I may suggest that strategy to the group. I may go a completely different way. It's certainly an option, but it's not something anyone should commit to yet.

 

Nobody knows how this will shake out... we may want to cash out 20% and hold 80, which is the exact opposite of what you are considering.

 

I'll be adding my perspective and reasons in VIP.  

 

20 hours ago, pbtr said:

Great info, thanks Adam!  My question, that has never been answered, is can we deposit our IQD as IQD or will we have to convert and rebuy?

 

I promise you it's been answered many times here, good sir! But I will do it again

 

Answer: We don't know. 

 

Better answer: We can make a good guess, but it's best to consider the options as they are presented to us, which will be after the RV is announced.

 

Most likely, we will have some options for depositing (and holding) as IQD. You may not want to do that, even if you do have that option. This is the exact reason there is a VIP section - so we can stay on top of these things and discuss them in real time, and not get hung up on details that can't be sorted (yet).

 

Does that help?

 

20 hours ago, andy3232 said:

..., I wanted to know if the group could be on possibly a weekly confernece call for clarifications,

updates, suggestions. ...

 

Post RV, definitely yes.

 

At the moment, there is no need for a weekly conference call. Everything we would discuss is already in VIP, and if it's not, the best course of action is to start a new topic in VIP and let every VIP member benefit from it - not just those that make time for a Pre-RV conference call.

 

Post RV - yes, there will be regular conference calls.

 

 

 

19 hours ago, stetson145 said:

Thank you Adam for your update! 👍 I'm wondering why I only periodically get an update from you? I'm not getting the weeklys... I look forward to all the posts... Thanks again to you and your staff for all you do!!! 😉 Blessings and stay safe!!! GOOO RV...... 💖

 

I don't send an email every week after I post the "Weekly Update" - sometimes there isn't anything worth bugging you about.

 

When I send an email, it's because something important happened, or sometimes it's just because I want you to know I still care and we are still here  

 

You do have a couple of extra options.

 

1. Subscribe to the specific forum section that you want to be notified about. Navigate to the section, then click this part:

 

 

2. Subscribe to any member in the same way. Navigate to their profile page and click this part:

 

 

 

 

19 hours ago, Artitech said:

I wished I would have seen this before I opened my mouth! Thanks Adam! I needed this reminder of why I have my horse’s hitched to your wagon! With this information it really helps me to understand what is really happening! After reading and thinking on this, 2020 could actually be our year!!! Thanks again Adam your the best! JMHO 🤠

 

2020 could be!

 

19 hours ago, mtnflk said:

Excellent news. I have always liked your analysis and now we have something to really look forward to.    I live in Arizona, will be 113 F today, and wondered if there  are any dinar groups that meet here?

Adam Thank you

 

That "meet" there, currently? I'd be wary about any groups that are currently meeting in person.

 

The best and safest place to meet for all of your needs, news, etc is right here on DinarVets.

 

 

 

19 hours ago, brob said:

Thank you as always Adam. I do hope your wrong though. A 90 day window and a sub .10 rate while amazing isn’t the ideal situation. 

 

I hope for the same. 

 

 

18 hours ago, ladyGrace'sDaddy said:

First of all, Thanks Boss, your insight and intelligence is refreshing in today's world. 

But as I was reading your post something occurred to me that I don't know if anyone has brought up

before. Though I imagine I missed it. I understand the importance of the HCL law and the fact that 

Iraqi sovereignty is imperative for any type of revaluation of the dinar. Otherwise how will anyone be 

able to cash in?

 

What do you think of the possibility that Iraq could pass the Hydrocarbon Law and even receive their 

National Sovereignty under the so called pretext of darkness. Where know one even knows that it has 

happened. 

 

It's just seems to me that allowing this kind of news to break without some kind of control would create 

more chaos that good. 

 

Very very low probability.

 

 

 

18 hours ago, rendog said:

Thanks for the surprise Sunday post, Adam, not that the last of it was especially uplifting. And I have to ask: How much credence do you place in the .10 scenario, vs something in the neighborhood of $1?

Rendog

 

Ahhhh I see what you are doing there!

 

:tsktsk:  

 

I've explained my rate as much as I will at this time. Don't try to trick me into saying more!  

 

18 hours ago, icemanspecops said:

Adam,

   I am subscribed and a Lifetime Platinum Member. For the amount of money I paid for it, I would hope that you could make sure I am getting the weekly announcements.

 

Please see my above comment to Sir Stetson.

 

 

 

17 hours ago, 2candy said:

This might seem like a silly question, but what would be considered a large note?

 

If you brought me a 5000 USD note, I would consider that "large".  

 

16 hours ago, psdon said:

Wow i learned something now THANK you thank you Adam at 78 years old i can still learn something

👍

 

Happy to help, friend! 

 

15 hours ago, DinarThug said:

 

 

 

     

 

LINK

Deputy: No agreement between Baghdad and Erbil will succeed without passing the oil law

 

 

14:30 - 12/07/2020

The deputy of the state of law, Kata al-Rikabi, affirmed on Sunday that no agreement could be implemented between Baghdad and Erbil without passing the oil and gas law, indicating that the controversial laws disrupted the political process in Iraq.

Al-Rikabi said in a statement to "information" that "dozens of controversial laws between political forces, which have hindered the political and development process in Iraq because of the differences of the various parties."

He added, "Any agreement between Baghdad and Erbil will never be successful without adopting the oil and gas law that has caused billions of dollars in waste."

Al-Rikabi said, "Without approving controversial laws and activating the work of the Council, successive and accumulated crises in Iraq, especially with the Kurdistan region, have not been resolved." 
 

 

THIS is the kind of stuff I'm talking about!

 

HCL is coming.

 

9 hours ago, Joe Sutherland said:

💥💥So many exciting developments!!

 

Adam you truly are an incredible resource to all who choose to take advantage of what you offer and to those who don't as well!! 

Thank you!!

 

✈ OGIT information thread linked" rel="">OGIT🛩

 

Where can I find the latest on OGIT information thread linked" rel="">OGIT?

Any changes in OGIT information thread linked" rel="">OGIT strategy due to covid? New laws? Better options? Better drinks in the OGIT information thread linked" rel="">OGIT charter flights??

Thanks!!

 

 

Here: LINK.

 

5 hours ago, NextYear said:

 

I can only hope it'll be a 1-1 exchange rate. I can easily live with that. Even if it's 0.86.

At 0.10 it would really suck. But at least it's better than a lop. Though by the time you get done with that 25% spread, the exchange fee at banks and the 15% Capital gains taxes, it's working its way down to a LOP.

 

"Capital gains" is not going to apply to this. I know some people disagree, and they are entitled to their (wrong) opinions, but I'm firm on a couple things here:

 

1. We aren't going to get away with Capital Gains. 

2. .10 isn't $3, but I'll take .10 and increase it on the backside. 💥

[King Bean]

15 hours ago, DinarThug said:

The deputy of the state of law, Kata al-Rikabi, affirmed on Sunday that no agreement could be implemented between Baghdad and Erbil without passing the oil and gas law.

 

Great point Thug. I believe you brought over an article a short while ago stating that GOI would move forward on that HCL in the near (?) future. We should also get some direction this week as I believe CBI director Alak is getting the boot on the 15th (Wednesday) and al Kazimi is off to meet the Trump-ster soon. All in all, a great week to shine up those platinum kicks !!

                                                                                                                                             

                                                                    

 

                                                                                                       Genius !! 

 

 

 

[FROSTYJACK]

Thanks Daddy

[olivesman]

great follow-up to your follow-up.

thank you so much.

(wish there was a lowercase-lock)

the older i get, the more people cal me "sir".

i don't feel like a "sir".

[NEPatriotsFan1]

Ooh I like where all this is heading Adam! Thanks for the post and follow up. I appreciate your conservative approach, although I hope your wrong in the rate 😂

[Adam Montana]

30 minutes ago, olivesman said:

great follow-up to your follow-up.

thank you so much.

(wish there was a lowercase-lock)

the older i get, the more people cal me "sir".

i don't feel like a "sir".

 

It's a figure of speech. Occasionally people call me "gentleman", to which I usually just give a raised eyebrow. And try not to prove them wrong  

[Wiljor]

Appreciate the follow up Adam 

[NoviceInvestor]

Thanks again Adam ...

[pbtr]

Adam,  thank you as always!  You are a wealth of knowledge and I will look thru the VIP forums for more answers next time.

 

[NextYear]

5 hours ago, Adam Montana said:

"Capital gains" is not going to apply to this. I know some people disagree, and they are entitled to their (wrong) opinions, but I'm firm on a couple things here:

 

1. We aren't going to get away with Capital Gains. 

2. .10 isn't $3, but I'll take .10 and increase it on the backside. 💥

 

Yeah, I should be calculating all this with the maximum taxes uncle sam can take. This way I won't be surprised at the end.

 Will be interesting to see how this finally all plays out in the end. Hopefully soon. Yeah there's that word again 😁

[Adam Montana]

1 minute ago, NextYear said:

 

Yeah, I should be calculating all this with the maximum taxes uncle sam can take. This way I won't be surprised at the end.

 Will be interesting to see how this finally all plays out in the end. Hopefully soon. Yeah there's that word again 😁

 

Calculating max taxes is definitely the best way to go!

 

We have multiple options in VIP that will save you a ton. If VIP isn't for you, at least calculate max tax - penalties are bad.

 

 

[alan14]

U may have talked about this in the past and I may have missed it. My question is when we have an RV and since I am in VIP, how are you going to get a better spread for your members since you dont physically have all our dinar in your possession to exchange with Wells Fargo, Chase or wherever?

[nastyx2]

Thanks Adam...been along for the long ride and your the only one I listen too and you doing a great job and i hope the journey is coming to an end for everyone that follows you.  May we meet one day.

 

GO RRRRRRRRVVVVV!!!

[wealthhound]

Thanks for your time and for answering all of the questions and comments above...we so value everything you have provided for us here on DV..can't wait to reach the next stage ...WH