Are we only looking at a initial RV of .003

[gideonx]

This is indeed disturbing......

Enoch8.......... someone scooter has much respect for.......is saying that it can RV as LOW as .003 (please read below) so that the those big notes 25K, 10K, 1K, ie those ending with 3 0s can be removed from circulation. Some time after that it will be raised to $3+ when there are no longer big notes around.

This obviously goes against the general belief(and sentiments) that it will RV around $2+ and a time frame will be set to remove all the big notes with everyone'being happy (Reasons: Iraq's oil and other resources can sustain the rate; US, China, Japan,UK,etc need the dinar to help their own economies. etc etc......)

I am not an economist but I have 2 questions for Enoch8 or Scooter.......or anyone with answers......

1) How does a Low rate as $.003 help Iraq's economy ? (maybe $.3+ can get them into GCC........)?

2) Why can't CBI just LOP and then x4 ? It can avoid the large pay-out to investors and at the same time achieve a rate of $4+?

Sorry if I seem a little naive(dumb)........... just that certain hard questions need to be asked.......

Please be gentle if you have to bash............like almost everyone, i want to learn

Thank you

Enoch8 Post: One Dinar 9/20/10

September 20, 2010 · Posted in CHATS / POSTS

One comment about the coming in high theory, to bring in the big notes…..

I would ask, for what purpose? To destroy them?

Then who will pay us holding 1.5 Trillion IQD, 5 Trillion USD for what we hold? Hmmmmm?

Iraq???? And then they just destroy what they paid 5 Trillion for?

NOT gonna happen that way.

The money we hold will never see the shores of Iraq again, but a small percentage of it.

Iraq can profit by coming in at a reasonable rate…. and continuing the auctions of currency, with the potential of yet higher rates. That is known as ‘Buy Low Sell High’.

How could they buy high and then sell low? Hmmmm?

That would bankrupt even Goldman Sacks!

Sorry Scooter, nothing against you whatsoever……I know you did not originate that theory. It just needs to be said.

The vast majority of our money will most likely be held in our own foreign reserves ( the US and others nations holding IQD), then maybe over years and years, used to buy back some of our own (The US and Allies), currency world wide…. as it appreciates from what the World Treasuries paid for it…. to the higher values, over 3+

Forget about $3+. We are never going to see anything close to that. Maybe if we are very lucky, we will see something over a dollar. Only international treasuries will ever see those numbers.

Better start having a realistic plan of action folks.

SFM and Lan have not been saying that just to hear the wind blow. They do have valid reasons for saying it.

I can show you how both Iraq and the US and allies, benefit from that….. can you show me how they could benefit from coming in high and reducing the value?

I bet you can’t, but what I can show ya, huge holes in it….. the ‘Come in high theories’….

Prove me wrong. I love to eat crow!

I have shown you how they can come up with $3.42….. but that would not be for a few years after the RV.

I have tried to show you hard evidence, that they can easily come out anywhere from .003 to a little over a dollar, realistically, and turn a profit in the progressive increase in values…. both by a short term Free Float or a long term Hard Peg.

Either way….. if I am wrong….. Prove it.

I do agree…. they cannot come in lower than the lowest GCC rate.

But then…. who am I? Just a guy.

I should add…. the Bazil III mandate to increase reserves internationally…. is consistent with the thinking, that of the 27 Trillion, IQD CBI says has been distributed, I would estimate, that 20 Trillion of that is in international treasuries already, or will soon be, and the large notes will stay in those vaults and be used exclusively, as International Treasuries and notes for trading Institutionally Only, such as was and probably still is, with the Treasury and Fed Reserve of 100 K US, 10K US and 1 K US notes, Even though they are still good…. they are used only institutionally. Likewise, it would solve the problem of removing 000s.

That would more than cover much of the Basil III mandate.

I would also point out, by asking a question…. why did they not do that in Argentina, Turkey, North Korea or Zimbabwe?

The answer is simple…. those countries do not have the ‘Stuff’ lying under the ground, to make their large notes of any practical use, to the economic powers, to want to hold in their foreign reserves. They would risk taking huge losses on those nations who had to ‘Lop’, because they could not support the cash printed into circulation>

Hope that helps.

[leggman24]

I am not sure if i really want to respond to this post or not. First thing is first, STOP LISTENING TO THESE SO CALLED GURU'S PLEASE........ Now with that being said, you have to know how a currency is based. A currency is based on earnings now, and future earnings. They get these figures from the GDP to Debt ratio. Then they look down the road at what could happen. Depending upon just how much currency is out there, depends upon where the mark is set. We have heard anywhere from 7 trillion to 30 trillion, no one really knows. We like to think the CBI might hold a clue, but they like to lie all of the time. If and i mean a big if they actually brought in 70% of all the big bills, that would mean they have somewhere between 5-9 trillion out there. Now if they have brought in more than the 70% well that is better for us. We really have no clue as to exactly how much was brought in. With that being said, i find it really hard to rv at a .003. I would say anywhere between a dime and 2.00 is more like it. I hope this helps you out. Oh dont forget...... GO RV !!!!!!!!!

[dukeest]

Is this new thought from Enoch8 ,Thanks my friend , I will bring more BBq out to your place and sit and talk more about this again ,soon........

I still think we will not see any thing happen as long as they see all this speculation going on , it is obvious nothing is true yet...That is y I am quiet most of the time .....

What is to keep them from waiting another year? The Aztec calendar ends in 2012 and Islam seems to think this is the end of the World too ......

Best NEWS is we will live on ...................................................................................................

[gfulcher66]

UNTIL SOMEONE CAN PROOVE MY NEXT STATEMENT WRONG THIS IS MY STORY....If the RV comes out at a low rate (less than .86) every investment firm in the world, forex trader etc will buy up as many dinars as the portfolio's will allow! That is because we all know they can support 2 + $ and the speculation will drive the cost up to 3 + $ and create a much bigger pay out for Iraq in the long run, so no the rv will not come out very low in my opinion.

Please let me know if this argument holds any water, I am open to critisism!

[War Eagle]

Why in HELL would Iraq rv for .003-making the 50 dinar worth $.15----------------------------------------why would you need lower dems???????????????????Makes absolute NO sense

[BANE]

Exactly! I think it will be higher too. I was worried there for a moment.

[k98nights]

UNTIL SOMEONE CAN PROOVE MY NEXT STATEMENT WRONG THIS IS MY STORY....If the RV comes out at a low rate (less than .86) every investment firm in the world, forex trader etc will buy up as many dinars as the portfolio's will allow! That is because we all know they can support 2 + $ and the speculation will drive the cost up to 3 + $ and create a much bigger pay out for Iraq in the long run, so no the rv will not come out very low in my opinion.

Please let me know if this argument holds any water, I am open to critisism!

I agree

[gjames_54]

I am not sure if i really want to respond to this post or not. First thing is first, STOP LISTENING TO THESE SO CALLED GURU'S PLEASE........ Now with that being said, you have to know how a currency is based. A currency is based on earnings now, and future earnings. They get these figures from the GDP to Debt ratio. Then they look down the road at what could happen. Depending upon just how much currency is out there, depends upon where the mark is set. We have heard anywhere from 7 trillion to 30 trillion, no one really knows. We like to think the CBI might hold a clue, but they like to lie all of the time. If and i mean a big if they actually brought in 70% of all the big bills, that would mean they have somewhere between 5-9 trillion out there. Now if they have brought in more than the 70% well that is better for us. We really have no clue as to exactly how much was brought in. With that being said, i find it really hard to rv at a .003. I would say anywhere between a dime and 2.00 is more like it. I hope this helps you out. Oh dont forget...... GO RV !!!!!!!!!

The one thing that Iraq needs more than anything is for it' people to be able to purchase all of the goods that are currently being sent and stock piled in all of the warehouses. A low rate would reduce the country's purchasing power not only in country but around the world. Iraq will need to pay it' bills and a low rate would not help at all. The low rate would also increase the monetary surplus which would reduce the value even further. A higher rate would allow the iraqi's to spend, which would reduce the amount of currency in circulation and help to keep their inflation low. At rate of 2.00 will allow the country to operate at an inflation rate that would stimulate growth and also allow other countries to continue to invest in Iraq. Remember that this currency was created by countries that are depending on it's value to jump start the world economy. Many budgets are and have been established based on the rate that is in Iraq's budget from last year so they know already. Why do you think that "O" is still spending? He is not panicking about our trillion dollar debt is he??? Just wait and see what is about to happen world wide once the GOI is established...

[hoonos]

UNTIL SOMEONE CAN PROOVE MY NEXT STATEMENT WRONG THIS IS MY STORY....If the RV comes out at a low rate (less than .86) every investment firm in the world, forex trader etc will buy up as many dinars as the portfolio's will allow! That is because we all know they can support 2 + $ and the speculation will drive the cost up to 3 + $ and create a much bigger pay out for Iraq in the long run, so no the rv will not come out very low in my opinion.

Please let me know if this argument holds any water, I am open to critisism!

regardless of what it comes out as,,will that mean we can immediately cash in?? or will it come out and be too unstable for any institution to honor any specific revaluation

[Drez]

UNTIL SOMEONE CAN PROOVE MY NEXT STATEMENT WRONG THIS IS MY STORY....If the RV comes out at a low rate (less than .86) every investment firm in the world, forex trader etc will buy up as many dinars as the portfolio's will allow! That is because we all know they can support 2 + $ and the speculation will drive the cost up to 3 + $ and create a much bigger pay out for Iraq in the long run, so no the rv will not come out very low in my opinion.

Please let me know if this argument holds any water, I am open to critisism!

Agree 100%,

[ha ha]

The one thing that Iraq needs more than anything is for it' people to be able to purchase all of the goods that are currently being sent and stock piled in all of the warehouses. A low rate would reduce the country's purchasing power not only in country but around the world. Iraq will need to pay it' bills and a low rate would not help at all. The low rate would also increase the monetary surplus which would reduce the value even further. A higher rate would allow the iraqi's to spend, which would reduce the amount of currency in circulation and help to keep their inflation low. At rate of 2.00 will allow the country to operate at an inflation rate that would stimulate growth and also allow other countries to continue to invest in Iraq. Remember that this currency was created by countries that are depending on it's value to jump start the world economy. Many budgets are and have been established based on the rate that is in Iraq's budget from last year so they know already. Why do you think that "O" is still spending? He is not panicking about our trillion dollar debt is he??? Just wait and see what is about to happen world wide once the GOI is established...

Your article above is the best analysis l have seen so far. l totaly agree with every wards you said. The so-called gurus are just playing with our fears. They don't know more than anybody else. they can keep their so-called research efforts and intels to themselves. .3 will be an insult to Iraq and the World who have forgiven Iraq so much debts so that Iraq can feed itself.

[Jac]

I agree

I agree too who could disagree with one who quotes the Gita.

[Zekiel]

I bet it would help you all if you understand, that Enoch8 is referring to an IMF document, dated Feb 24 2010 and released March 10 2010. IMF PIN 10/34.

It show 2 rates, regardless of whether or not there is an RV.

The Nominal Rate is 1170 and the 'Real Exchange Rate' shown is 292. That is $.00342 .

What he is telling you, is that the current Auction price is.... according to GOI/MOP and CBI Reports to the IMF, the IMF is showing that the Purchace Power Parity is 4 times undervalued..... regardless of removal of the large notes from circulation.

Don't read anything else into what he said. If you understand what he is referring to, you will also understand, that he is also pointing you to CBI press releases, that state plainly, the intend to drop the 000s

What is .00342 if you drop 3 zeros? Hmmmmm?

Enoch and Scooter know what they are talking about. Listen and you will learn.

"There is a principle that is a bar against all information, which is evidence against all argument, that cannot fail to keep a man in everlasting ignorance. That principle is contempt prior to investigation."

The entire thread is posted elsewhere.

It seems to me, it is good news, that Shabibi could increase the value by a minimum of 4 times..... right now, today, even IF the do not RV.... based on the amount of GDP vs Liquidity reported for 2009.

400% is a great return .... even as a worst possible case scenario.

There is no guarantee, we will make millions off of our thousands...... but it is a fantastic and safe bet we are gonna make a huge windfall.

If you are looking for a guaranteed win..... then you may want to try, the Hearts Casino in Wonderland or the Special Olympics.

Anybody who tells you you are guaranteed to make a killing on ANY investment, is either a liar or an ignorant fool.

Scooter and E8 you guys rock!!! Please keep up the great work you do.

Edited September 21, 2010 by Zekiel

[ha ha]

No wonder why, after all why should l listen to a Newbie who may not even know how to show a link to support any statement he throws out there. However Newbie, show a link where CBI/IMF claimed what your alleged. If you can't show a link,any link, get ready to be tone apart.

[tommy17]

UNTIL SOMEONE CAN PROOVE MY NEXT STATEMENT WRONG THIS IS MY STORY....If the RV comes out at a low rate (less than .86) every investment firm in the world, forex trader etc will buy up as many dinars as the portfolio's will allow! That is because we all know they can support 2 + $ and the speculation will drive the cost up to 3 + $ and create a much bigger pay out for Iraq in the long run, so no the rv will not come out very low in my opinion.

Please let me know if this argument holds any water, I am open to critisism!

My thoughts too. Big investors would buy billions if it came in low.

[MrRich]

I bet it would help you all if you understand, that Enoch8 is referring to an IMF document, dated Feb 24 2010 and released March 10 2010. IMF PIN 10/34.

It show 2 rates, regardless of whether or not there is an RV.

The Nominal Rate is 1170 and the 'Real Exchange Rate' shown is 292. That is $.00342 .

What he is telling you, is that the current Auction price is.... according to GOI/MOP and CBI Reports to the IMF, the IMF is showing that the Purchace Power Parity is 4 times undervalued..... regardless of removal of the large notes from circulation.

Don't read anything else into what he said. If you understand what he is referring to, you will also understand, that he is also pointing you to CBI press releases, that state plainly, the intend to drop the 000s

What is .00342 if you drop 3 zeros? Hmmmmm?

That's quite a first post from a newbie. But if what you're saying is true then I guess I'm okay with it.

[Kimjackie]

That's quite a first post from a newbie. But if what you're saying is true then I guess I'm okay with it.

A million dinar at 400% is what? My brain fell asleep. lol

[Zekiel]

Hey haha.... I can appreciate what you are asking for a link.....one from the internet? LMAO

Those articles are all over this site. Do your own diligence.

If you were any kind of researcher... you would know.... info I provided, has a the info you are asking for IMF Public Information Notice 10/34.

I am the new guy here.... just defending a friend...... do your own diligence and you will find the truth.

Links are a dime a dozen. Education and diligence is given freely to those with wisdom.... when the student is ready, the teacher appears.

It is easy to sit back and trash and bash on someone not here.... waiting for everyone else, to provide you links so you can sit back on your rusty dusty and do what, exactly? Not read what was said?

Take it for what it is worth.... I can care less.

[Doc31]

[beau777]

3 cents is better than where we are now

Currency Auctions

Announcement No. (1738)

The latest daily currency auction was held in the Central Bank of Iraq on the 21-SEP-2010. The results were as follows:

Details Notes Number of banks 19 Auction price selling dinar / US$ 1170 Auction price buying dinar / US$ ----- Amount sold at auction price (US$) 251,125,000 Amount purchased at Auction price (US$) ----- Total offers for buying (US$) 251,125,000 Total offers for selling (US$) -----

[cgbrown]

Won't come out that low just MO

[Kr3W]

is .003 even considered a revaluation? more like a fluctuation... it's a third of a penny lol oh and there's no way they will get the large notes out of circulation that way... there's no way in hell i'm gonna exchange back at .003

Edited September 22, 2010 by Kr3W

[kingfish]

is .003 even considered a revaluation? more like a fluctuation... it's a third of a penny lol oh and there's no way they will get the large notes out of circulation that way... there's no way in hell i'm gonna exchange back at .003

What if they set the rate at .003 then call in the big notes within 30 days.

then raise the rate after the 30 days.

There has to be a way to protect from this.... Im not sure if the Warka stuff is true but the only way I can see around it is to deposit you IQD in IQD. Then convert later.

I dont believe this but lets put our heads together... NO BASHING.... and find a way around it.

[Chief V]

What if they set the rate at .003 then call in the big notes within 30 days.

then raise the rate after the 30 days.

There has to be a way to protect from this.... Im not sure if the Warka stuff is true but the only way I can see around it is to deposit you IQD in IQD. Then convert later.

I dont believe this but lets put our heads together... NO BASHING.... and find a way around it.

I'm thinking open a foreign dinar account with the Bank of Abu Dhabi in Washington DC, put your dinars in there, and just sit on em until the value goes up to where you are satisfied.....

Works for me.

[mrparrot]

Why do you think that "O" is still spending? He is not panicking about our trillion dollar debt is he???

That's an easy one to answer.

He doesn't care because he knows that he's

going to be a one-term President.

"Let the next President worry about it...".