Why Iraq Can't Afford To RV-RI At This Time.

[Luigi1]

Here's an article of Dinarian interests...

No possibility of an RV-RI at this time.

Iraq is broke...will stay broke for a while.

Treat as a rumor.  Not verified.  Your opine.

 

 

 

Awake-In-3D:    Iraq’s Economic Ability To RV Their Currency Is Impossible Today.

We are told that Iraq is ready to RV, almost daily, out there in Dinar Land.  Yet, when we examine Iraq’s current economic situation, it becomes clearer that there is no logical or mathematical process that supports these frequent claims.  Let’s take a look at the facts & see where they lead us.

 

Iraq’s Current Economy.  GDP:  US$264 Billion   Oil Exports:  100 million barrels/month   Oil Revenues:  US$7 Billion/month.

Current Oil Price:  US$70 per barrel.    M2 Money Supply:  173 Trillion IQD.   FX Reserves:  143 Trillion IQD.   Current Exchange Rate:  1310 IQD per 1.00 USD. 

 

Let’s assume that we are all holding 5 Trillion IQD collectively in Dinar Land.  If Iraq were to RV the IQD at $1.00 per IQD tomorrow & we all decided to exchange at that rate, the Central Bank of Iraq (CBI) would need 5 Trillion USD or Euros, GBP, etc.) to cover those exchanges.   5 Trillion IQD x $1.00 = $5 Trillion to cover our exchanges.  

Iraq’s entire GDP is only US$264 Billion per year & they cannot just print or create other global currencies out of thin air to pay for our exchanges in our local currencies.  Even if Iraq came out and declared that one IQD is now worth one USD, no Central Bank or Forex Platform in the world would recognize that new rate, much less cover IQD exchanges at that rate for any of us.  The economic math doesn’t come close to justifying this newly “declared” exchange rate.

 

What if Iraq Re-denominates (drops 3 zeros) the IQD Tomorrow?  

If Iraq RD’s tomorrow, it would not be good for us international IQD holders under any scenario.  Let’s assume that Iraq implements a new series of IQD notes without the 3 zeros.   This means that the current 25,000 IQD note would be replaced by a new 25 IQD note.  

 

As foreign holders of the old IQD notes, we would all have to trade in our 25,000 IQD notes for the new 25 IQD notes.  This assumes that the Iraqi government would even allow foreigners outside of Iraq to trade in their old IQD notes, they most likely would not allow this to happen.   But for this example, let’s assume that we are allowed to trade in our old notes at our local banks.

 

Now that we have the new 25 IQD notes, let’s also assume that the CBI revalues the new IQD notes a one-to-one for the US dollar.  This means that we will receive $25.00 for one 25 IQD note.  Furthermore, following the same math as above, the CBI would now only need US$5 Billion to cover our exchanges.  This scenario is plausible since Iraq’s economy can afford this exchange rate with the new, lower denomination IQD notes.

 

5 Trillion in old IQD notes = 5 Billion in new IQD notes (deleting 3 zeros)    5 Billion new IQD x $1.00 = $5 billion in the new exchange rate    Clearly, this is not the IQD RV exchange scenario any of us want.

 

[Dinarrock]

Clearly this poster is clueless and doesn’t understand why and how this works so why is he even invested! Luigi you should know better though if you are going to post this nonsense you should atleast correct all his mistakes or post back on whatever board you pulled this from to correct this clueless poster!

Edited July 3, 2023 by Dinarrock

[Hotcurl]

In my opinion;

The above article is SMOKE and total  ...............

A poor attempt to present a Red Herring ...............

 

Just sayin" ................

 

Semper Fi

[Luigi1]

6 minutes ago, Hotcurl said:

In my opinion;

The above article is SMOKE and total  ...............

A poor attempt to present a Red Herring ...............

 

Just sayin" ................

 

Semper Fi

 

This is only one Guru's opinion.

Does that make it so...no way?

I believe Iraq can RV-RI at any time.

It may come out in increments & float up in stages starting with a sucker rate.

It may come out all at once & float from there.

It may come out with a rate we don't like.

We don't know until it happens.

I been in this too long to throw in the towel, just yet. 

I'm just the messenger.  IMHO.

[T B]

LETS DO THIS IRAQ!   DONT LIKE NAY SAYERS, THERE ALL FULL OF SKEET!   BE BLESSED!😀

[screwball]

2 hours ago, Dinarrock said:

Clearly this poster is clueless and doesn’t understand why and how this works so why is he even invested! Luigi you should know better though if you are going to post this nonsense you should atleast correct all his mistakes or post back on whatever board you pulled this from to correct this clueless poster!

yep 100% 🤡

[rvmydinar]

14 hours ago, Luigi1 said:

1.) Let’s assume that we are all holding 5 Trillion IQD collectively in Dinar Land.  If Iraq were to RV the IQD at $1.00 per IQD tomorrow & we all decided to exchange at that rate, the Central Bank of Iraq (CBI) would need 5 Trillion USD or Euros, GBP, etc.) to cover those exchanges.   5 Trillion IQD x $1.00 = $5 Trillion to cover our exchanges.  
 

2.) What if Iraq Re-denominates (drops 3 zeros) the IQD Tomorrow?  

1.) Why would the CBI need 5 trillion USD to cover those exchanges if we will all exchange dinar for dollars in the US only? It doesn't make a sense. And all iraqi citizens can only exchange old dinar for new lower denoms in the country of iraq.

2.) Why would iraq wait for almost 20 years just to redenominate?? It doesn't make a sense either. If Iraq want to redenominate the dinar , Iraq could have done it a long time ago.

[Luigi1]

14 hours ago, screwball said:

yep 100% 🤡

 

Iraq may be sovereign & released from all UN sanctions.

The US still has it's own sanctions & will release Iraq of sanctions in a timely manner.

The US still has too much control of Iraq.

Iraq don't want US forces on their soil.  Why are we still there?

The US has too much control...that's why the world hates the US.

That's why Russia & China started BRICS, to take power & control away.

If Iraq was completely off of sanctions, they would had RVed years ago. 

Geo-pollical forces are at work.

Iraq is being pulled apart by US, China, Russia & Iran demands.  IMHO.

[fioranosportscars]

22 minutes ago, Luigi1 said:

 

Iraq may be sovereign & released from all UN sanctions.

The US still has it's own sanctions & will release Iraq of sanctions in a timely manner.

The US still has too much control of Iraq.

Iraq don't want US forces on their soil.  Why are we still there?

The US has too much control...that's why the world hates the US.

That's why Russia & China started BRICS, to take power & control away.

If Iraq was completely off of sanctions, they would had RVed years ago. 

Geo-pollical forces are at work.

Iraq is being pulled apart by US, China, Russia & Iran demands.  IMHO.

Cause we are the most corrupt nation… in the world… and Putin is right about everything… we’re just naive and caught up in the patriotism…. Which is the same patriotism that’s robbing the American people and other nations… and then we talk about having guns … for what Americans don’t have the balls or courage to go all out in the streets like other nations do with rock and sticks .. I love my country even tho I was not born here… but enough is enough we need unity,logic and common sense …. both parties have been  playing the American people for many decades and what we do ? Point the finger to the other side and that’s what they want ,to divide us… we cannot support either party, ask yourself a question why is it that every country out there is either communist,dictatorship or socialist 🤣🤣 we are the only good democracy…. Yea ok … under that so called capitalism and imperialism…. There’s something and it’s worst than the worst… happy 4th to everyone and enjoy your day 

[Luigi1]

1 hour ago, fioranosportscars said:

Cause we are the most corrupt nation… in the world… and Putin is right about everything… we’re just naive and caught up in the patriotism…. Which is the same patriotism that’s robbing the American people and other nations… and then we talk about having guns … for what Americans don’t have the balls or courage to go all out in the streets like other nations do with rock and sticks .. I love my country even tho I was not born here… but enough is enough we need unity,logic and common sense …. both parties have been  playing the American people for many decades and what we do ? Point the finger to the other side and that’s what they want ,to divide us… we cannot support system" rel="">support either party, ask yourself a question why is it that every country out there is either communist,dictatorship or socialist 🤣🤣 we are the only good democracy…. Yea ok … under that so called capitalism and imperialism…. There’s something and it’s worst than the worst… happy 4th to everyone and enjoy your day 

 

We must follow geo-political events going on in the world, today...everything can change in weeks if not days.

Look at falling energy costs, the global recession, less demand for oil imports from OPEC.

All this could have a grave impact Iraq, the RV-RI, the HCL & the GCR.

We only look at what we want to look at while ignoring the elephant in the room.

All these identities must be taken into consideration.

Sure, I want to see this RV just like anyone else.

Things change, the world changes, economies change.

These are out of our control as we speak...IMHO.

[Longtimelurker]

It's gonna get worse before it gets better... it sure seems to be getting very close so be prepared. 

[screwball]

10 minutes ago, Longtimelurker said:

It's gonna get worse before it gets better... it sure seems to be getting very close so be prepared. 

100% between now and september 1st for CGR back to gold asset backed........not all countries will go straights away but august is key for gold backed BRICS to be officially launched

[Longtimelurker]

11 hours ago, screwball said:

100% between now and september 1st for CGR back to gold asset backed........not all countries will go straights away but august is key for gold backed BRICS to be officially launched

I came across an interesting download. Its not very informative but it appears to be proof of the GCR.  Follow the link, click the top file "Alert 2020-3 Attachment". It's a short read but I found it to verify gcr.

 

 

 

https://occ.treas.gov/search.html?q=quantum financial system#gsc.tab=0&gsc.q=quantum financial system&gsc.page=1

 

 

[Longtimelurker]

11 hours ago, screwball said:

100% between now and september 1st for CGR back to gold asset backed........not all countries will go straights away but august is key for gold backed BRICS to be officially launched

Read page 4 of download 

[Luigi1]

10 minutes ago, Longtimelurker said:

Read page 4 of download 

 

 

Do you have another source?

Pg 4 will not download.  Thanks.

[Longtimelurker]

3 hours ago, Luigi1 said:

 

 

Do you have another source?

Pg 4 will not download.  Thanks.

I don't.  All the pages downloaded together for me. Did you receive any of the file?

[Luigi1]

13 minutes ago, Longtimelurker said:

I don't.  All the pages downloaded together for me. Did you receive any of the file?

 

Yup...pages 1 & 2.

[Longtimelurker]

4 hours ago, Luigi1 said:

 

 

Do you have another source?

Pg 4 will not download.  Thanks.

 

1 minute ago, Luigi1 said:

 

Yup...pages 1 & 2.

That's odd. I'm trying to find a way to reduce size so I can post.

[Longtimelurker]

NOTICE OF DEFICIT DUE TO BRACKET RE-ADJUSTMENT Regarding Mexico - USA International Setlement
This notice is regarding pending international settlement involving Mexican federal compensation funds
Legally registered to be received by United States citizen and patriot [NAMES REMOVED], registered under Mexican federal case number[ID NUMBER REMOVED].
In preparation for the Global Currenc Reset and arrival of the Quantum Financial System currently running parallel, any i nternationalfinancial acivity, regulated by their respecive agencies, must strictly comply wit no tolerance to all protcol and regulations stipulated in the International Quantum Initiative Ac,
Passed by the U.S. House of Representatives and approved by the U.N and U.S.M.C.A. (Formerly known as N.A.F.T.A).
This means all financial obligations involved in the finalization of this and any other international settlement must be satisfied in full and specifically by the registered beneficiar, in this case being [NAMES REMOVED]. An audit perormed by the International Organization ofSupremeAuditlnstitutions (INTOSAI) revealed a seemingly innocently overlooked deficit caused by the before mentioned International settlement moving into a new bracket limit requiring a re­adjustment of certain financial obligations when the cost differs depending on the bracket in which it currently fits. Below is a table showing the Financial Obligations required by the Federl Government of Mexico which depend on bracket limits and the bracket limits affected.
Financial Obligation Cost

[Longtimelurker]

2 minutes ago, Longtimelurker said:

 

That's odd. I'm trying to find a way to reduce size so I can post.

Got it

[Longtimelurker]

4 minutes ago, Luigi1 said:

 

Yup...pages 1 & 2.

Got it

[Longtimelurker]

The misspellings are due to the file being manipulated to post here I'm assuming, they don't exist on the actual file

[screwball]

7 hours ago, Longtimelurker said:

Read page 4 of download 

yes seen this doc before, when you add this to quantam act, quantam act and quantam exchange and who sits on the board of Quantam exchange but no other than former friend of TRUMP and head of NSA, Admiral Rogers!!!! the man who met TRUMP in TRUMP tower and told him his phones and hotel were being monitored! Should always look for validations!

[screwball]

National Quantum Initiative Act - Wikipedia

[Hotcurl]

On 7/3/2023 at 2:47 PM, Hotcurl said:

In my opinion;

The above article is SMOKE and total  ...............

A poor attempt to present a Red Herring ...............

 

Just sayin" ................

 

Semper Fi

 Bump to the top ...

Still the same stupid blah, blah, blah stuff, not relevant to the current situation  .........................

Just sayin'....................

Semper Fi