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Thursday Noontime Opinions @ 12:45 PM CDT - 10/29/2020


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Good Afternoon Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. :twothumbs:RON



*** Jeff're not going to see the second reading of the borrowing law this week.  The earliest or soonest you will see it is next week...What does that mean?  It's gonna take them about 45 days to get the law done....they're probably not going to complete it till around November 14th.  That's just the borrowing law...the rate can't change until the borrowing law is done and the #1 thing we care about right now is simply the borrowing law.  We don't care about anything else in the news right now.  Just the borrowing law.  The budget will come after the rate change...


*** Pimpy  Let me touch on these rumors going around...with anything that we do you're gonna have some people that think one way and some people who think another way...a youtuber is claiming there's not going to be any change with the Iraqi dinar.  That's fine...this person is only expressing their opinion.  This isn't set in any kind of evidence...There's nothing wrong with individuals expressing their opinion...nobody knows what going on with the Iraqi dinar...there's no doubt whatsoever that the Iraqi dinar exchange rate is too low.  We know this...over the last month a lot of talk about the exchange rate.  Both positive and negative...listen to all the different opinions...listen to the information and you filter through what you feel is BS and what is the truth...everything is speculation...


*** Frank26  Article: "A 'knockout' blow to the Iraqi dinar: currency printing in exchange for the end of the financial crisis ...  What will Iraq do about 'international conditions'?"  ...Oh my goodness the Iraqi dinar got punched in the stomach.  No...the translation is incorrect.  The Iraqi dinar isn't being knocked out.  The Iraqi dinar is being knocked out of Iraq into the international community...the Fab 4 are the ones that call the shots.  They are the ones that tell the Central Bank of Iraq what to do with their currency in a sense of a monetary reform.  The monetary reform...has told you that the new small category notes have already been printed.  For what reason? Quote "For the end of our financial crisis." ...In other words the monetary reform of the Iraqi dinar to add value to it under the supervision of the Fab 4...




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    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
      *** MilitiaMan *** ...There is far to much information out that supports Iraq is about to go international with a new exchange rate with the real value to go with it...There is proof that the WTO suggests that there is imminence to ascension and there is more on that matter to come out, as early as next week...the positive effects in play now have made the environment today what it is so that the investors and private sector can flourish once the exchange rate with real value is exposed...imo... 


      *** Adam Montana ***  Whether you see and acknowledge the progress or not, Iraq is continuing to move forward. The wait can seem eternal if you look at this situation through a microscope, but the big picture is much different. Many of us have been here through some incredible changes, even if we haven't seen THE change we really want...Here's a prime example of the progress we can see clearly - in May of 2021, the number was 6 billion.  Article:  "More than five and a half billion dollars in Iraq's oil revenues in a month"  Just a few short months later, we are reading 7.66 billion.  Article:  "Iraq: $7.66 billion, the value of crude oil exports during October". [post 1 of 2]..
      *** Adam Montana ***  The increase in dollar amount isn't just from the increased price of oil, either - Iraq is refining their entire production system, exporting more efficiently, and making progress. The price of oil isn't hurting them, either. Every time I look at this situation in a "big picture" way, I can't help but get excited. There's really only one way for this all to end, and that is with an increase in the value of the Dinar. How could it not end that way, when everywhere we look there is proof that, indeed,  Article: "IRAQ SUBMITS A PROPOSAL TO COMPETE WITH THE WORLD ECONOMY" Quote: "Iraq possesses great and enormous wealth that allows it to be a major economic player,"  This has never been a question of "IF", only "WHEN".  Stay positive, grounded... GOOOOOOO RRRRRRRVVVVVVVV!!!!!!  [post 2 of 2]..
      These posts were taken from another site that follows Adam's postings, and they post snippets from them. You can read adam's full chat on the DV Chat Logs Forum at: Adam Montana Black Friday update 26 November 2021 

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
      *** Pimpy  There's no back numbers.  There's no back screens...Nobody has the codes.  There's no military intel.  There's no redemption centers.  There's no 800 numbers...When the time comes and you feel like changing in your Iraqi dinar you will go to an exchange center, unless it's some astronomical amount that they gotta give you, have to wait until you find a bank that will allow you to deposit the money...That's it.  You don't have to turn it into nobody.   Don't get scammed.  Nobody's going to get you together in a group and get a better rate.  The rate is going to be the same for everybody.

      *** Frank26  Question: "After the reinstatement occurs where will we look to find out how much time we have to exchange certain notes...?  I assume they will expire at different times?"  Yeah, there is a possibility they will expire at different times.  There's also the possibility that they will all expire at the same time...we don't really know...Here in the United States of America we still have three zero notes that are legal tender...

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
      *** Sandy Ingram  Article: "Central Bank of Iraq begins to activate self-management of foreign reserves"  Iraq's increase in foreign reserves since the devaluation last December and now the announcement of self-management of foreign reserves all points to a country coming onto the global financial platform...the increase in foreign reserves is a good thing, a really really really good thing...

      *** Frank26  Question: ["Once this change takes place...have your friends indicated what the time frame on calling in the three zero notes may be?  Are we going to have 30 days?  90 days?  Maybe a year?"]  We don't know.  We know that by standard it's usually at least up to a year to coexist.  I don't think that is an issue because if it was our friends would have been told already and they haven' would be very bad because you think you're the only one that has dinars?  Hundreds of counties have dinars in their reserves right now.  And what you're going to screw them all over?  Iraq is about to become the Mecca of financial currency in the Middle East...they will coexist...

    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 
      ** Pimpy ** Article: "Iraq Announces its Imminent Accession To The World Trade Organization"  We've been waiting for this.  This is big.  Once they are in there they really start becoming big players on the international scene...being in the World Trade Organization does nothing but help the economy as well as strengthen the dinar...
      ** Mnt Goat ** Remember to keep Iraq also in your prayers. We are so close to getting this GIFT but remember this gift is first for the people of Iraq. Then we as steadfast investors deserve to share in the wealth.
      HAPPY THANKSGIVING to everyone on DinarVets ... May Almighty God bless each one of you and your families ... RON
    • By ronscarpa
      Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 

      *** Sandy Ingram  The information you want to keep track of now so that when your tax professional asks you for this information it will enable he or her to complete your taxes accurately and with ease...more than likely you will file your IQD capital gains...They want to know the sales price or the cost that you paid for the Iraqi dinars [and how many]...the date that you purchased the Iraqi dinars...the date that you sold the currency...that's what you must do right now.  [Post 1 of 2]..
      *** Sandy Ingram  For this example...we are going to have over 1 million Iraqi dinars...We're going to say that Iraqi dinar floats to or equals 1 dinar to 1 US dollar...when you do the math you find out quickly that your total tax would be right around $335,423.  Do I need to repeat that? $335,423.  That is how much you will owe the IRS.  I know some of you don't believe in the IRS.  Others say it's not a real government agency. And some of you up until now have never cared, but let me tell you, if you want your're going to need to claim the financial gain...[Post 2 of 2]...[NOTE:  Some others feel your tax will be based on Ordinary Income not capital gains. So, consult your tax professional at the appropriate time so you pay what the IRS expects you to pay.]
      Sandy is giving us some very wise and sound advice. We don't know when any increase in value will occur, but when it does many of you will  choose to cash in ASAP ... so her advice is: "BE PREPARED"..! RON

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