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Bumper64

Adam's chat 3/9/11

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10:08 PM [Adam Montana] I'm only going to chat for a few minutes

10:09 PM [Adam Montana] then I'll take questions

10:09 PM [Adam Montana] from the MODS

10:09 PM [Adam Montana] the MODS will call the names of the people who are in line

10:09 PM [Adam Montana] then the floor will opn

10:09 PM [Adam Montana] with this many people

10:09 PM [Adam Montana] if you interrupt you get booted

10:09 PM [Adam Montana] sorry

10:09 PM [Adam Montana]

10:09 PM [Adam Montana] not really

10:09 PM [Adam Montana]

10:09 PM [Adam Montana] ok

10:10 PM [Adam Montana] first off I want to invite everyone to chat every Wednesday at 9CST from now until the RV (or bunny-ear) is announced

10:10 PM [Adam Montana] yeah, I said "l o p"

10:10 PM [Adam Montana] I'm not a sugar coater

10:10 PM [Adam Montana] I'm not here to pump up sales

10:10 PM [Adam Montana] and when things look grim, I'll tell you

10:10 PM [Adam Montana] i want to discuss two things real quick tonighjt

10:11 PM [Adam Montana] 1 is something I said a few weeks ago

10:11 PM [Adam Montana] about Egypt

10:11 PM [Adam Montana] I know everyone at the time said "Bah! adam you're on drugs what does Egypt have to do with Iraq?"

10:11 PM [Adam Montana] well

10:11 PM [Adam Montana] what does Egypt have to do with the US then?

10:11 PM [Adam Montana] i think by now you've all seen the gas prices

10:12 PM [Adam Montana] so obviously Egypt DOES affect us, and of course it affects Iraq even more

10:12 PM [Adam Montana] matter of fact... Egypt controls a major pathway for OIL, which is what 80% of Iraq's wealth hinges upon

10:12 PM [Adam Montana] ok so I said I wasn't going to sit and sugar coat stuff

10:12 PM [Adam Montana] the crisis in Egypt DOES affect us

10:12 PM [Adam Montana] BUT I have a silver lining feeling about this...

10:13 PM [Adam Montana] while I think it's delaying an RV that could possibly have happened already

10:13 PM [Adam Montana] the GOOD news is with gas so high

10:13 PM [Adam Montana] I think this could help the Dianr come out higher than I thought before

10:14 PM [Adam Montana] if you want to read more about how Egypt is affecting this situation, and why it might be holding it back - here's a link to get you started:

10:14 PM [Adam Montana] http://iqd.me/l/6y

10:15 PM [Adam Montana] sorry my copy-paster isn't working

10:15 PM [Adam Montana] must be the chat slowing it down

10:15 PM [Adam Montana] ok so that's my take on Egypt - it's affecting the progress but it's not a deal breaker

10:15 PM [Adam Montana] and although it might hold it up - it could actually bring the come-out value higher

10:15 PM [Adam Montana] ok

10:16 PM [Adam Montana] next thing

10:16 PM [Adam Montana] a lot of people are talking about this recent California issue

10:16 PM [Adam Montana] AB 2789

10:16 PM [Adam Montana] Sorry I can't copy-paste so it's going to take me longer to type the links

10:16 PM [Adam Montana] if you want to read the bill, it's at this link:

10:17 PM [Adam Montana] http://iqd.me/l/6x

10:17 PM [Adam Montana] basically it affects Money Transmissions

10:17 PM [Adam Montana] more specifically, it affects businesses that trade in money orders, etc

10:17 PM [Adam Montana] this could have a compound effect

10:18 PM [Adam Montana] which will make it tricky to do business with certain people in California

10:18 PM [Adam Montana] but it won't make it impossible

10:18 PM [Adam Montana] i think we all know what happens when legislature gets "tricky"

10:18 PM [Adam Montana] tricky = expensive

10:18 PM [Adam Montana] this is going to affect our spread, if it affects anything

10:19 PM [Adam Montana] I know certain dinar dealers have stated they will not charge a spread

10:19 PM [Adam Montana] but a spread will already be built in no matter what

10:19 PM [Adam Montana] so this affects our bottom dollar

10:19 PM [Adam Montana] there are several ways around this

10:19 PM [Adam Montana] VIP members, I will send an email shortly about how our partner banks and investment firms plan to help us

10:20 PM [Adam Montana] avoid extra fees due to the cumbersoem new laws

10:20 PM [Adam Montana] but my point is

10:20 PM [Adam Montana] this won't stop anyone from doing a ledger to ledger transfer

10:20 PM [Adam Montana] you're just going to be limited to certain "vendors", or businesses

10:20 PM [Adam Montana] which means they will charge more

10:20 PM [Adam Montana] but you will still be able to cash in

10:21 PM [Adam Montana] that covers most of it

10:21 PM [Adam Montana] VIPs grab the latest version of RV Intel at this link if you don't have it already:

10:21 PM [Adam Montana] http://iqd.me/l/rvintel

10:21 PM [Adam Montana] it's free for VIP members

10:21 PM [Adam Montana] mods, I'll do questions now

10:21 PM [Adam Montana] please call one name at a time

10:21 PM [Adam Montana] members, thank you for your patience!

10:22 PM [pleasantvalleySunday] Adam Montana #1 is Rayson

10:22 PM [Adam Montana] I know the chat goes slow with this many people

10:22 PM [pleasantvalleySunday] Rayson Rayson??

10:22 PM [Adam Montana] Rayson shoot! Keep it short please!

10:22 PM [pleasantvalleySunday] 5

10:22 PM [pleasantvalleySunday] 4

10:22 PM [pleasantvalleySunday] 3

10:22 PM [pleasantvalleySunday] 2

10:22 PM [Adam Montana] Rayson if you need a second to type just say so

10:22 PM [Kit] Why can't we just cash in at Bank of America or some large bank? Won't all the large banks have the same rate? And isn't their fee built into the spread?

10:22 PM [Rayson] Are we able to get a hold of tax professionals that are familure with

10:23 PM [Adam Montana] anyone else who is already in line please pre-type

10:23 PM [Rayson] the Dinar pre RV in our area

10:23 PM [Adam Montana] but don't hit ":enter" until you are called

10:23 PM [Adam Montana] Rayson is that a VIP question?

10:23 PM [Adam Montana] I'll answer it but please no more VIP questions

10:23 PM [Adam Montana] we can do that in the VIP forum

10:23 PM [Rayson] TY

10:24 PM [Adam Montana] honestly, everyone here can find a tax professional

10:24 PM [LadyRo] Hi, First time here and I'm excited about it! Best wishes to all

10:24 PM [pleasantvalleySunday] done

10:24 PM [Adam Montana] anyone can find a tax professional that knows about foreign currencies

10:24 PM [pleasantvalleySunday] *****please read the header before typing*******

10:25 PM [Adam Montana] I have interviews MANY, and when you start getting to know the people in those fields that are experts in this matter

10:25 PM [Adam Montana] people pay for VIP because I have done this work

10:26 PM [Rayson] Do you have a list of them in our local area

10:26 PM [Adam Montana] so Rayson, the answer is Yes. Please post other VIP questions in the VIP section though, this is an open chat for all members and it's not fair to waste their time with these questions

10:26 PM [Adam Montana] next question please

10:26 PM [pleasantvalleySunday] Straightshot

10:26 PM [straightshot] We have heard it said that the Iraq can not /will not be accepted as member of WTO without an RV… is that true?… cite example(s) of other devalued currency(s) that are accepted by WTO…(?) thanks

10:26 PM [pleasantvalleySunday] Straightshot Straightshot Straightshot

10:27 PM [Adam Montana] Straightshot, i won't list examples because it's not true

10:27 PM [Adam Montana] common sense tells us that they won't get in with a worthless currency

10:27 PM [Adam Montana] and I think common sense tells us that the currency can't remain worthless forever

10:27 PM [straightshot] ty

10:27 PM [hurricanewayne] 833 in chat omg thats got to be a record

10:27 PM [Adam Montana] so to me this is a common sense thing

10:27 PM [happanne] Where do we access your investment opportunities?

10:27 PM [Adam Montana] happanne that's VIP info

10:27 PM [Adam Montana] next question please

10:28 PM [pleasantvalleySunday] tevye02

10:28 PM [markie] how much do you need to open a warka, minimum, Marc

10:28 PM [tevye02] Thanks for everything Adam - What do you or your sources think has to happen in the completion of the GOI for the RV to happen? Anything? what do we want to watch for in the news?

10:28 PM [Adam Montana] everyone please understand i'm not here to push VIP - I'm here to answer as many questions as possible in the time i have

10:28 PM [waitingondinar] adam what is left to be completed before they can finally RV???

10:28 PM [Adam Montana] tevye02 good question

10:29 PM [Adam Montana] the GOI is so close to being completed I would have a hard time giving an exact answer to that! i think it's completed enough to have the RV

10:29 PM [Adam Montana] one pen stroke is enough to make it complete

10:29 PM [Adam Montana] but again

10:29 PM [Adam Montana] I'm NOT here to sugar coat this

10:29 PM [Adam Montana] when there is trouble in the Middle East

10:30 PM [Adam Montana] it affects the world

10:30 PM [Adam Montana] and Iraq is very much affected by it

10:30 PM [Adam Montana] if WE are seeing $5 gas prices

10:30 PM [Thankudad] pleasantvalleySunday have question

10:30 PM [Adam Montana] due to how scared the world is that we won't be able to get oil out of Iraq

10:30 PM [Adam Montana] why would iraq be allowed to get that "credit" they need to RV?

10:30 PM [Adam Montana] it won't happen until the crisis in Egypt simmers down

10:31 PM [Adam Montana] I know EVERY "guru" out there will say i'm wrong

10:31 PM [Adam Montana] but it's the truth, even if it's not the most pleasant thing to hear

10:31 PM [Adam Montana] now

10:31 PM [Adam Montana] it might be a week!

10:31 PM [Adam Montana] or it might be amonth

10:31 PM [Adam Montana] or it may be a little longer

10:31 PM [Adam Montana] but I don't think much

10:31 PM [Adam Montana] thanks for the question

10:31 PM [Adam Montana] next please

10:31 PM [tevye02] Thanks for the honesty adam

10:31 PM [pleasantvalleySunday] uncs

10:31 PM [uncs] adam so many questions, one guru says the 15th, one says the 18th, one says HCL must be done and do we know if the 3 positions are filled? does Ali get a heads up and what does his intel say! Thanks for your web site!

10:32 PM [Adam Montana] uncs thakns for the question

10:32 PM [uncs] thanks pleasant valley

10:32 PM [pleasantvalleySunday]

10:32 PM [Adam Montana] A lot of people are goign to get a heads up before Average Joe

10:32 PM [Adam Montana] but it won't be much

10:32 PM [uncs] what about HCL you think its done

10:33 PM [Adam Montana] Ali and other dealers like TD. DB, etc... myself and a few other people with large groups.... we might get a few hours notice before it hits the news

10:33 PM [Adam Montana] but that's the most

10:33 PM [Adam Montana] ok now about the HCL

10:34 PM [Adam Montana] that's a tricky topic

10:34 PM [Adam Montana] but I'll simplify it

10:34 PM [Adam Montana] It can happen either way

10:34 PM [Adam Montana] for those that are new

10:34 PM [Adam Montana] HCL = hydro Carbon Law

10:34 PM [Adam Montana] at the moment, due to some unfinished business and some unlifted restrictions, Iraq isn't able to export oil as a regular business

10:35 PM [Adam Montana] think about that - if a bread factory couldn't sell bread, what do they do?

10:35 PM [Adam Montana] exactly what Iraq is doing.

10:35 PM [Adam Montana] NOTHING

10:35 PM [Adam Montana] as soon as they get that license to sell, they are rockin!

10:35 PM [Adam Montana] now it works the other way too

10:35 PM [Adam Montana] money controls everything

10:35 PM [Adam Montana] and there's nothing that can't be fixed by throwing money at it

10:36 PM [uncs] what about the three positions you think tomorrow?

10:36 PM [Adam Montana] so if Iraq RVs and they have VALUABLE CURRENCY and CREDIT, the HCL can be lifted pretty quickly

10:36 PM [Adam Montana] regarding the positions

10:36 PM [Adam Montana] if you've kept up with the news

10:36 PM [Adam Montana] we're looking at this week or next for some major changes

10:36 PM [Adam Montana] in political seating

10:36 PM [Adam Montana] so we just need to be a LITTLE patient on that one

10:37 PM [uncs] do you think the UST representatives are still in iraq

10:37 PM [Adam Montana] friends

10:37 PM [Adam Montana] it's not like 2006 when there wasn't even a government

10:37 PM [Adam Montana] we HAVE it now!

10:37 PM [Adam Montana] we're not far off, we can't be

10:37 PM [Adam Montana] look at the whole picture

10:37 PM [uncs] thanks bro thanks all LOVE YA ALL

10:37 PM [Adam Montana] you'll see that Iraq has came SO FAR in not very much time.

10:37 PM [Adam Montana] ok next

10:37 PM [pleasantvalleySunday] dano2771

10:37 PM [Adam Montana] PVS you

10:38 PM [Adam Montana] are amazing

10:38 PM [dano2771] i like the thought of higher gas price = higher come out. IYO how long before we see the 3.22 benchmark? also where can we look for a letter of intent to rv

10:38 PM [allardj2x] what are UST repesentavies i am new to all this

10:38 PM [pleasantvalleySunday] tanks dear

10:38 PM [dano2771] ty

10:38 PM [Adam Montana] dano2771 ok that's a rate question

10:38 PM [Adam Montana] i won't give a prediction

10:38 PM [Adam Montana] BUT

10:38 PM [pleasantvalleySunday] allardj2x take notes and research

10:38 PM [Adam Montana] my opinion was always .10 to a dollar

10:38 PM [Adam Montana] with higher oil value, I'll raise my estimate a quarter or so

10:39 PM [Adam Montana] so how long until $3.22 - I'm saying 10-15 years after the RV

10:39 PM [Adam Montana] sorry to all of you that thought I'd say 3 weeks :D

10:39 PM [Adam Montana] next question please

10:39 PM [pleasantvalleySunday] Upgradable

10:39 PM [upgradable] With all the activity and instability in the ME, why has the US press completely avoided any coverage of the Iraqi demonstrations and related issues?

10:39 PM [dano2771] Adam Montana ty

10:39 PM [Adam Montana] dano2771 yw

10:40 PM [Adam Montana] Upgradable they're too busy watching Democrats not go to work in Wisconsin

10:40 PM [upgradable]

10:40 PM [fsavahge] is that all you can say?

10:41 PM [Adam Montana] I'm sorry I don't have a good answer to that one

10:41 PM [mlay901] pleasantvalleySunday I have a question, please add me to the list. TY

10:41 PM [Adam Montana] next question please

10:41 PM [pleasantvalleySunday] icfaith

10:41 PM [icfaith] Hi Adam. Thank you for your time. What was the actual date that Kuwait had their RV and what was the rate? I heard it was just a day or so long. Been trying to find it but never could. Thanks in advance. Also, I have enjoyed this room alot, thanks. Also thanks PVS!

10:41 PM [upgradable] There just seems to be such a blatent

10:41 PM [upgradable] n/m

10:41 PM [Adam Montana] icfaith good question

10:41 PM [icfaith] ty

10:41 PM [Adam Montana] I don't have it handy

10:41 PM [Adam Montana] but i have it in my book

10:42 PM [icfaith] which one please?

10:42 PM [Adam Montana] if you're VIP it's here: http://iqd.me/l/rvintel

10:42 PM [Adam Montana] if you're not VIP you can get it 80% off here:

10:42 PM [Adam Montana] http://iqd.me/l/80off

10:42 PM [icfaith] thanks Adam for a great site!

10:42 PM [Adam Montana] icfaith yw!

10:43 PM [Adam Montana] ok a couple more, we're pushing 45 minutes now

10:43 PM [pleasantvalleySunday] legggman24

10:43 PM [newmonies] with the US Treasury saying no ledger to ledger allowed: How do we transfer our dinar from us to warka account?

10:43 PM [leggman24] is the new us treasury rules what we have been waiting on for the rv to happen, or is that just a major sign that its coming really soon? thanks adam

10:43 PM [Adam Montana] I know we all have important stuff to do

10:43 PM [Adam Montana] or sleep to catch up on

10:43 PM [Adam Montana] leggman24 ty

10:43 PM [Adam Montana] which treasury rules?

10:43 PM [Adam Montana] my wife is a CPA I get buried with financial information every night

10:43 PM [Adam Montana] i need a link

10:44 PM [leggman24] its a new set of rules for cashing in. treasury updated march 2011.

10:44 PM [Adam Montana] areyou talking about the California law or something different?

10:44 PM [leggman24] no, its nation wide.

10:45 PM [Adam Montana] ok I don't want to answer unless I know exactly

which code or rule you're referring to

10:45 PM [Adam Montana] feel free to post it in the forum if you find a link, sorry!

10:45 PM [Adam Montana] 2 more questions please

10:45 PM [Adam Montana] thank you all for being so polite

10:45 PM [leggman24] i saw them on db website. i will post it and get the link. thanks

10:45 PM [pleasantvalleySunday] double_duce_duce

10:46 PM [double_duce_duce] TY what is your intake on the L O P ? And did the UN lift the remaining sanctions?

10:46 PM [Adam Montana] I know many of you were hoping to hear "RV TUESDAY!!!!" and i appreciate that you all respect my stance. I won't do that

10:46 PM [Adam Montana] double_duce_duce it's a possibility, but I don't think they will do that

10:46 PM [Adam Montana] there's a lot of money to be made FOR IRAQ, not just for us.

10:46 PM [double_duce_duce] very true

10:46 PM [Adam Montana] the remaining sanctions are not completely lifted, i think there are 4 small sections that are still hanging on

10:46 PM [Adam Montana] these are small though

10:47 PM [double_duce_duce] Ty very much

10:47 PM [Adam Montana] i was VERY hesitant to make a prediction 3 years ago

10:47 PM [Adam Montana] today I am much more ready to say we are CLOSE!

10:47 PM [double_duce_duce] I was conserned about the rumors about l o p

10:47 PM [Adam Montana] thanks double_duce_duce

10:47 PM [pleasantvalleySunday] LAST but certainly not least ......skyview

10:47 PM [skyview] In the Iraq National Development Plan, Dated 2010, Page 57 says " The future strategy of the monetary structure is to continue improving the dinar's exchange rate in a gradual, studied manner, using indirect tools provided by monetary policy"...Might this preclude a sudden RV rate change?

10:47 PM [double_duce_duce] Tyvm for you time

10:48 PM [pleasantvalleySunday] we will start a Q & A thread for those who still have good questions

10:48 PM [Adam Montana] skyview i hope so!!!! I don't have it in front of me though

10:48 PM [skyview] I'll post a link of the plan in the forum

10:48 PM [Adam Montana] I hate to close on an answer like "i hope so"

10:48 PM [Adam Montana] but i don't want to keep everyone in here for hours 1

10:48 PM [teddybear] Adam, Your opening dialog could have been done on a FREE conference call service that holds 1,000 callers - want another 1,000 folks- just conference in another free line. I do this for a living. Contact me if interested in the resource. Yes, you can mute all caller lines.

10:48 PM [coorslite21] so one more

10:48 PM [rivertube] go dinar

10:48 PM [mordiaky] pleasantvalleySunday thought I was the first to go? what happen to my spot on your list?

10:48 PM [Adam Montana] i'd rather if you all went back to your families, snuggle with your loved ones

10:48 PM [Adam Montana] this will happen, we just don't know when

10:48 PM [Adam Montana] best regards all

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Is there any way Adam can get his chat similar to another site?

Click the support link at the bottom of the site, send me a link to the software, I'll look into it.

so adam thinks they might still lop? :blink:

Glad to see we still have a reason for teachers in this world. :twothumbs:

(i have always said there is a possibility, nothing changed. )

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hang in there guys!! I am trying to clean this up!!!

Sorry about that!!!! I had it copied just fine but it went crazy when I posted it!!

Thanks Dogmatic1 for the backup!! th_smiley_two_thumbs_up.gif

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hang in there guys!! I am trying to clean this up!!!

Thank you! You're doing great!!!

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Thanks Bunper and Dogmatic for posting - Thanks Adam Montana for taking your time to answer the questions....

And a Special Thank you to DV Family in chat tonight for being courteous and respectful during the Q&A Session.....

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hang in there guys!! I am trying to clean this up!!!

Sorry about that!!!! I had it copied just fine but it went crazy when I posted it!!

Thanks Dogmatic1 for the backup!! th_smiley_two_thumbs_up.gif

No problem! I deleted my post, now that you got your's cleaned up! :)

Thanks for the post!

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Click the support link at the bottom of the site, send me a link to the software, I'll look into it.

Glad to see we still have a reason for teachers in this world. :twothumbs:

(i have always said there is a possibility, nothing changed. )

Thanks Adam....I'll do that.

On their site, the moderators can completely shut down chat and you can ask as many questions as you like and they wont show up on the actual chat window. Your questions will go to the moderators and will be answered and posted to the chat as they come to it in a timely order. Its really nice and keeps things very clean and uninterupted with people commenting when they shouldnt.

Edited by Spoolin
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Cmon adam......people have been bashed hard on here for mentioning the lop word,and .10-.15 we have been told alot higher rates on here,granted not from you but were close and you as king say that now. Im pretty dissapointed, but thanks for the chat and your time here. Hope this happens soon :)

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Cmon adam......people have been bashed hard on here for mentioning the lop word,and .10-.15 we have been told alot higher rates on here,granted not from you but were close and you as king say that now. Im pretty dissapointed, but thanks for the chat and your time here. Hope this happens soon :)

If you want kool aid, you have to go somewhere else - sorry. I've always given it to you straight and i'm not going to change that now.

I don't think it will lop, but OF COURSE there is a chance. (I hope I'm not wrong here)

I don't think it will come out at $3 - but I could be wrong. (I hope I AM wrong here! :D)

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Thanks Bumper , and thanks Adam i had ya on chat last nite fell asleep and mama turned the Comp off , smacked me in the head and told me to go to bed LOL . Great post and great chat thanks agin. :D

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