Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

No change in value this summer


Recommended Posts

Im almost 100% positive that these next two months at least, will come and go with no significant change in value....after the end of last year I sat back and thought about when the next period of time could be for them to letting the dinar start to appreciate, my first thoughts were this summer....seemed we would see enough improvement to where MAYBE something could happen.....but now I dont see it happening quite yet.....I know people dont wanna hear this but its something we should be watching and listening for....The plan to delete the zeros is about to be sent to parliment for their approval....we need this plan to be shot down and thrown out....that way its almost like the parliment telling the CBI to go back to the drawing board about how to raise the value of the dinar and thats exactly what we need!! We do NOT want this delete the zeros plan to be approved......so until I see whats going to happen with this plan, I do not see any movement in the value of the dinar.

You can believe all you want about this whole plan being just smoke and mirrors.....thats fine....that seems to be most peoples coping mechanism to anything negative they hear about this investment, but of course anything positive just absolutely and positively has to be true no matter if there is any supporting evidence or not. But its been pretty clear that the past 5 or 6 years they have been working on this plan....putting steps forward in place to be able to achieve something of this magnitude. Call me negative, call me the leader of the doom and gloom club, whatever makes you feel better to just push this off as nothing more then someone just not wanting to believe in this investment...which is actually just the opposite of who I am and what I believe...(and if you have been around long enough you know exactly where I stand on this and what I do believe)

You can scream and holler about dates and certain things being done or taken care of (banking reform, DFI, Erbil, HCL, GOI complete, security ministers) but it seems as if none of that will mean an imminent RV...that it MUST happen now because of any of those above being done....We have been seeing it over and over and over and nothing ever comes of these hard dates put forward that we should see the RV by. So dont get your hopes up quite yet, its very possible of this going into next year and for those who will say "Iraq cannot afford to go on any further the way things are" Well thats just not the case....they have been surviving the last 8 years or so doing exactly what they are now.....they are producing and selling oil you know....the production numbers now are pretty much equal to what they were before the invasion so you dont think with a small population of 30 million that they dont have any money? That they cant survive?? Its kind of laughable to say they cant.....

Just calling things as I see it....and the way things are flowing right now, before Iraq moves forward with the appreciation of the dinar, this delete the zeros plan needs to be passed through parliment and shot down. You all should understand that while the CBI controls the exchange rate and monetary policy, the parliment must approve any changes to or issuing of a new currency.....So the parliment is needed....They didnt spend the last 5 or 6 years working to prepare for this plan to be put in action if approved, as a way of just discouraging investors or a smoke and mirrors flag and then just magically the RV will appear out of no where when no one expects it......Keep an eye out for news on this delete the zeros plan so we can track the progress of it and hopefully the plan will NOT be approved and they are forced to come up with another way of strengthening the dinar......And until this plan is approved or shot down, there wont be any movement on the value of the dinar.....I hate saying this stuff, really I do....I want this thing to take off just like everyone else and we all are able to live alot more comfortably in the years ahead but right now I see that things could really take a turn for the worse....we are like a rain drop sitting on the point of a very steep mountain, we could slide down the mountain on either side and I dont see one way being more likely then the other right now.....Just try to stay positive and hope that this plan is not approved.....if shot down, I think we will be in the clear for now for anything negative transpiring and will increase our chances of a slow and gradual RV....

STAY THIRSTY MY FRIENDS!!!

  • Upvote 19
  • Downvote 18
Link to comment
Share on other sites

KEEP I TOTALLY AGREE WITH YOU.. MY OPINION IS THAT THERE IS JUST NOT ENOUGH DAYS LEFT IN JUNE FOR THEM TO FINISH WHAT THEY HAVE TO DO..SO WITH THAT BEING SAID HELLO 2012 :lol::lol:

Shabs did say SOON.....we just don't know the timetable of SOON !!!!!!

I WILL BE IN THIS INVESTMENT 8 YEARS THIS DEC.. AND WOULD YOU LIKE TO KNOW HOW MANY TIMES I'VE HEARD THE WORDS SOON OR VERY SOON??????? HECK I LOST COUNT AT.. WAY TO MANY TO MENTION.......

Edited by mrref
  • Upvote 2
  • Downvote 2
Link to comment
Share on other sites

Its always easy to post-date predictions, because your right as long as during the duration it doesn't happen and if it does happen sooner no one will care.

One thing that I have noticed with the media is how we see so much different angles on given situations. (I.e., Allawi articles change significantly...)

If this is something that they see needing to be done by July 11th, I foresee it going down that way. If not, than I'll believe we're in for a longer haul.

Link to comment
Share on other sites

Keep,

+1, as a pre- emotive strike on the red stuff.

We debate the small stuff, but I think we do agree that the lack of security, lack of a clear education process in country of what is to happen, no small change mechanism, no cohesive governing body, rise of socialistic measures, continued struggle for tribal supremacy .... All at the expense of the citizens...

All of this and more points to a country that is ripe for advancement giving up another crop of fruit rotting on the ground before they develop the mechanism for harvesting potential.

Wish it wasn't so.

Still, we wait...

  • Upvote 1
  • Downvote 1
Link to comment
Share on other sites

personally I hope it lops

I am tired of this waiting and the lop is the fastest way out

a lop and small rv after would give me a few bucks for my trouble and i could forget about this for ever

I respect your opinion and I certainly do understand the frustration ( been into this for 7 plus years myself) but I do hope it won't LOP..

Keepm....Great post... Appreciated.

Edited by umbertino
Link to comment
Share on other sites

Not bad, Keep. Not to rain on your hopes...but I'll bet the zeros will come off. Shabs is hell bent on it.......so it'll probably happen. They don't have any other options at the moment what with oil but little else to base their economy on........

Link to comment
Share on other sites

personally I hope it lops

I am tired of this waiting and the lop is the fastest way out

a lop and small rv after would give me a few bucks for my trouble and i could forget about this for ever

I hope for the lottery - but I do understand your feelings and in many ways agree with them. Let it hit the forex - redenom or not - and practice patience or bail, based on what's happening in the world at the time. I just don't get the

red (- minus) marks you are getting for saying what's obvious and would make this less speculative. All my best!

Just wanted to say thanks for the effort and keeping it real. Well done!!!

Link to comment
Share on other sites

I disagree. Iraq may have been "surviving" for the last 8 years or so, but I don't think that they can continue scraping by. Inflation is rising almost a percentage point month over month, and if things continue the way they are going all of the CBI's work to manage the program rate and inflationary pressures will be for naught. Shabbs won't let that happen, and the economy can't bear it. We also know that there are hard currency issues in the streets.

American and other foreign investors and contractors are not going to come rushing in to Iraq while the currency is garbage regardless of how hard Hillarious implores them. Iraq has admitted that they want the US company's expertise in directing large portions of the rebuilding of their infrastructure. Iraq is in shambles, and the only way that they are going to get the incredible reconstruction efforts underway is to pull in foreign investors with a massive infusion of capital. There's only one way to accomplish that.

You can't look past the potential removal of sanctions (it's been over 20 years!), and the fact that Iraq is going to finally get most of the control of its funds after the DFI expires. Yes, oil and petroleum products are Iraq's biggest export, and UN Res 1483 and others have been clipping those exports for almost a decade. If Ch 7 is lifted in full this month, that coupled with the DFI expiry is a huge opportunity for Iraq to step out on to the international stage both politically and financially. The dinar only has to go international for the value to skyrocket.

The GOI will be settled soon, and I have a suspicion that they brokered a deal with the UN to give them a few more days to get all this ironed out before the UNSC's final(?) meeting on the 22nd. They need a full GOI to be released from Ch 7. The UNSC's final report was due on the 16th. The Kuwaiti files are done, IMO. The GOI seems to be the last piece.

As far as security and stability goes, IMO the RV will help to bring those things. Violence and aggression tend to dissipate in cultures when its people can actually afford to eat and clothe themselves. The GOI needs to bring the people electricity and potable water. Again, these things require infrastructure, which require contractors, which require money, which...(I think you see where I am going):D

Of course, most of this is speculation. Regardless, we are going to see fairly soon. Go RV!

  • Upvote 10
Link to comment
Share on other sites

You know I still buy Dinars just as I put into my 401K each and every week...Heard of Dollar cost averaging (DCA) is an investment strategy, that may be used with any currency. It takes the form of investing equal monetary amounts regularly and periodically over specific time periods (such as $100 monthly) in a particular investment or portfolio. But I do not take this out of the family budget !!!!!

Link to comment
Share on other sites

Hey Keep, do you have a ball park time table for this plan to show up in parliment?

Thanks for the insight.

I wish I did.....I mean the last couple of articles we have seen about the deleting the zeros said that the plan was near completion....but as we all know, time is not something they are too fond of laugh.gif I would hope that within the next couple of months, maybe this fall that it will be submitted....the sooner the better of course....Im sure it would have been submitted sooner if they could have got their crap together with the elections and all.....

Link to comment
Share on other sites

What do you think our Treasury will say about the zero's being deleted ? Hillarious's not a pumper why did she say the economy will grow faster than China in the next two years ? Is this not the first of many countries in the mid-east that will be a democratic Arab country. For others to follow at will not by war would they set the example to the Arab people and world investors by coming out of the gate by removing the zero's and if that is the case why did all those people in many Arab nations citizens and governments buy dinar ? For United States first model country to steal from the world . I think they will RV when we let them and when our Treasury is tired of jumping through hoops. And of course expect an RV on the eve of the Presidential campaign season. I know Cheney is not allowed to buy dinar and his book will not be a sleeper it will contain some nice insight to your dinar's birthing and that book tour is August 2011 he is a very very smart man and he would not tour pre RV i know he's had a date for over a year its a nice cash cow for him and he deserves it .

Link to comment
Share on other sites

Frustration will always make the glass appear half empty.

I know that feeling well. But, I strive everyday to do the job that keeps food on the table, while attempting to keep a positive attitude toward this speculation. After being here on DV reading and learning there is a comfort in believing it will happen soon. Yes there is great disappointment when the time frame passes. However while reading facts and opinions of others the meaning retained are greatly affected by your mood at the time. So in short I choose to BELIEVE SOON.

GreginTexas

  • Upvote 2
Link to comment
Share on other sites

Thanks for your thoughts Keep. I agree to a point. I truley feel that there is enough intel out there that we are not privy to. Therefor drawing even the most sound and educated theories and ( as in Keeps case) well grounded common since there is a big enough void of intel to not be able to predict or assume the duration of this investment. Don't get me wrong I have bitten in the past on what appeared to be valid and worthy intel and I had to step back and view things a little different. Could it go into 2012? Absolutely. Could it happen this June or July? That is possible. So with the absence of even the smallest of details or intel we will forever have to speculate at best. There are a few questions I have had for some time and I am not sure anyone has the real answers. For one. Does anyone know what treaties were signed between the US and Iraq? Some say that the US probably doesn't hold any dinar because it would be unethical to make a profit on that currency but they may have been compensated for the trillions poured into Iraq. I also believe there has been military equipment sold to Iraq and maybe dinars have been used to pay for such. That question and others I have are difficult if not impossible to answer. So Keeps thanks for keeping it real. You have a great insight into this investment and you have contributed greatly to increasing peoples knowledge of this investment. I realize your post is your opinion and you know I respect it, however to say you are almost 100 % sure when we can only assume to some of the intel we don't have or only have some of other intel is slightly closed minded. Jsut my 2 since. And thank you for yours. God bless and go RV!!

  • Upvote 3
Link to comment
Share on other sites

I disagree. Iraq may have been "surviving" for the last 8 years or so, but I don't think that they can continue scraping by. Inflation is rising almost a percentage point month over month, and if things continue the way they are going all of the CBI's work to manage the program rate and inflationary pressures will be for naught. Shabbs won't let that happen, and the economy can't bear it. We also know that there are hard currency issues in the streets.

American and other foreign investors and contractors are not going to come rushing in to Iraq while the currency is garbage regardless of how hard Hillarious implores them. Iraq has admitted that they want the US company's expertise in directing large portions of the rebuilding of their infrastructure. Iraq is in shambles, and the only way that they are going to get the incredible reconstruction efforts underway is to pull in foreign investors with a massive infusion of capital. There's only one way to accomplish that.

You can't look past the potential removal of sanctions (it's been over 20 years!), and the fact that Iraq is going to finally get most of the control of its funds after the DFI expires. Yes, oil and petroleum products are Iraq's biggest export, and UN Res 1483 and others have been clipping those exports for almost a decade. If Ch 7 is lifted in full this month, that coupled with the DFI expiry is a huge opportunity for Iraq to step out on to the international stage both politically and financially. The dinar only has to go international for the value to skyrocket.

The GOI will be settled soon, and I have a suspicion that they brokered a deal with the UN to give them a few more days to get all this ironed out before the UNSC's final(?) meeting on the 22nd. They need a full GOI to be released from Ch 7. The UNSC's final report was due on the 16th. The Kuwaiti files are done, IMO. The GOI seems to be the last piece.

As far as security and stability goes, IMO the RV will help to bring those things. Violence and aggression tend to dissipate in cultures when its people can actually afford to eat and clothe themselves. The GOI needs to bring the people electricity and potable water. Again, these things require infrastructure, which require contractors, which require money, which...(I think you see where I am going):D

Of course, most of this is speculation. Regardless, we are going to see fairly soon. Go RV!

Thanks ,for being more positive.I'm so tired of negative going on.

Link to comment
Share on other sites

I disagree. Iraq may have been "surviving" for the last 8 years or so, but I don't think that they can continue scraping by. Inflation is rising almost a percentage point month over month, and if things continue the way they are going all of the CBI's work to manage the program rate and inflationary pressures will be for naught. Shabbs won't let that happen, and the economy can't bear it. We also know that there are hard currency issues in the streets.

American and other foreign investors and contractors are not going to come rushing in to Iraq while the currency is garbage regardless of how hard Hillarious implores them. Iraq has admitted that they want the US company's expertise in directing large portions of the rebuilding of their infrastructure. Iraq is in shambles, and the only way that they are going to get the incredible reconstruction efforts underway is to pull in foreign investors with a massive infusion of capital. There's only one way to accomplish that.

You can't look past the potential removal of sanctions (it's been over 20 years!), and the fact that Iraq is going to finally get most of the control of its funds after the DFI expires. Yes, oil and petroleum products are Iraq's biggest export, and UN Res 1483 and others have been clipping those exports for almost a decade. If Ch 7 is lifted in full this month, that coupled with the DFI expiry is a huge opportunity for Iraq to step out on to the international stage both politically and financially. The dinar only has to go international for the value to skyrocket.

The GOI will be settled soon, and I have a suspicion that they brokered a deal with the UN to give them a few more days to get all this ironed out before the UNSC's final(?) meeting on the 22nd. They need a full GOI to be released from Ch 7. The UNSC's final report was due on the 16th. The Kuwaiti files are done, IMO. The GOI seems to be the last piece.

As far as security and stability goes, IMO the RV will help to bring those things. Violence and aggression tend to dissipate in cultures when its people can actually afford to eat and clothe themselves. The GOI needs to bring the people electricity and potable water. Again, these things require infrastructure, which require contractors, which require money, which...(I think you see where I am going)biggrin.gif

Of course, most of this is speculation. Regardless, we are going to see fairly soon. Go RV!

exactly inflation will be their demise and make shabbs Rv their currency if it gets too rampant Iraq is screwed and believe me they dont want that this will not go into 2012 sorry to burst any bubbles here it may seem it won't happen this summer to many or even this year at all because of the polkitical side of things but believe me things are in the works more than people know about i can assure you that. Stay focused and stay positive. BTW good post Keep thanks for keep things real.

Link to comment
Share on other sites

I disagree. Iraq may have been "surviving" for the last 8 years or so, but I don't think that they can continue scraping by. Inflation is rising almost a percentage point month over month, and if things continue the way they are going all of the CBI's work to manage the program rate and inflationary pressures will be for naught. Shabbs won't let that happen, and the economy can't bear it. We also know that there are hard currency issues in the streets.

American and other foreign investors and contractors are not going to come rushing in to Iraq while the currency is garbage regardless of how hard Hillarious implores them. Iraq has admitted that they want the US company's expertise in directing large portions of the rebuilding of their infrastructure. Iraq is in shambles, and the only way that they are going to get the incredible reconstruction efforts underway is to pull in foreign investors with a massive infusion of capital. There's only one way to accomplish that.

You can't look past the potential removal of sanctions (it's been over 20 years!), and the fact that Iraq is going to finally get most of the control of its funds after the DFI expires. Yes, oil and petroleum products are Iraq's biggest export, and UN Res 1483 and others have been clipping those exports for almost a decade. If Ch 7 is lifted in full this month, that coupled with the DFI expiry is a huge opportunity for Iraq to step out on to the international stage both politically and financially. The dinar only has to go international for the value to skyrocket.

The GOI will be settled soon, and I have a suspicion that they brokered a deal with the UN to give them a few more days to get all this ironed out before the UNSC's final(?) meeting on the 22nd. They need a full GOI to be released from Ch 7. The UNSC's final report was due on the 16th. The Kuwaiti files are done, IMO. The GOI seems to be the last piece.

As far as security and stability goes, IMO the RV will help to bring those things. Violence and aggression tend to dissipate in cultures when its people can actually afford to eat and clothe themselves. The GOI needs to bring the people electricity and potable water. Again, these things require infrastructure, which require contractors, which require money, which...(I think you see where I am going)biggrin.gif

Of course, most of this is speculation. Regardless, we are going to see fairly soon. Go RV!

While I agree inflation has gone up a tad and one way of controlling that is by raising the purchasing power and or value of the currency but they cannot back up any significant change in value at this point......

Why do you think there is hard currency issues in the streets?? More then one person has come across saying there is NO issues with finding bigger bills in the streets of Iraq....that the bigger bills are just as common as the 20's we see here....and with 24 trillion outside the banks, you really think that there would be a shortage of currency anywhere?? Hardly.....

Foriegn investors and contractors are not basing their decisions on investing solely on the currencies value.....what does that matter to them?? Money is money....matter of fact, now would be the time to get their feet in the door as start up costs are rediculously cheap at this point.....The real issue is with stability and security...not the value of the currency.....Veitnam posted the highest growth rates I believe it was last year and alot of it had to do with foriegn investors coming in and building up the economy, adding goods and services and look where the value of their currency is at.....Not to mention the process of entering Iraq for the purpose of setting up businesses is very complex....it is not easy to do business with them at this point....many things need to change and its not all based on the value of the currency..... http://dinarvets.com/forums/index.php?/topic/67915-iraq-opens-its-doors-for-business/ read that and tell me if it sounds like they are at all worried about the exchange rate of the dinar.....

Of course removal on sanctions is huge....but that doesnt necessarily mean that they will RV as soon as they are removed.....and they have had full access to the DFI funds....it really doesnt change a whole lot except they wont have to report where every dollar goes as they are required now to do.....the 5% will still need to be handled for paying off Kuwait and they want Iraq to come forward with some sort of mechanism to handle those funds when the DFI is gone but its not like Iraq has not had access to those funds this whole time.....Even with the DFI funds being released, it opens the doors for any and all countries to go after the funds for war crimes and reperations....bottom line is they still need the reserves to back their currency.....as of right now, (which of course could change) they only have exactly enough to cover the 59 trillion dinar money supply....

What do you think our Treasury will say about the zero's being deleted ? Hillarious's not a pumper why did she say the economy will grow faster than China in the next two years ? Is this not the first of many countries in the mid-east that will be a democratic Arab country. For others to follow at will not by war would they set the example to the Arab people and world investors by coming out of the gate by removing the zero's and if that is the case why did all those people in many Arab nations citizens and governments buy dinar ? For United States first model country to steal from the world . I think they will RV when we let them and when our Treasury is tired of jumping through hoops. And of course expect an RV on the eve of the Presidential campaign season. I know Cheney is not allowed to buy dinar and his book will not be a sleeper it will contain some nice insight to your dinar's birthing and that book tour is August 2011 he is a very very smart man and he would not tour pre RV i know he's had a date for over a year its a nice cash cow for him and he deserves it .

Your whole premise is based on a whim that MAYBE our UST holds massive amounts of dinar along with many other countries but there is nothing that can support that claim....it just sounds nice and has been repeated over and over by the gurus to make this sound like more of a sure fire million dollar maker!

Link to comment
Share on other sites

While I agree inflation has gone up a tad and one way of controlling that is by raising the purchasing power and or value of the currency but they cannot back up any significant change in value at this point......

Why do you think there is hard currency issues in the streets?? More then one person has come across saying there is NO issues with finding bigger bills in the streets of Iraq....that the bigger bills are just as common as the 20's we see here....and with 24 trillion outside the banks, you really think that there would be a shortage of currency anywhere?? Hardly.....

Foriegn investors and contractors are not basing their decisions on investing solely on the currencies value.....what does that matter to them?? Money is money....matter of fact, now would be the time to get their feet in the door as start up costs are rediculously cheap at this point.....The real issue is with stability and security...not the value of the currency.....Veitnam posted the highest growth rates I believe it was last year and alot of it had to do with foriegn investors coming in and building up the economy, adding goods and services and look where the value of their currency is at.....Not to mention the process of entering Iraq for the purpose of setting up businesses is very complex....it is not easy to do business with them at this point....many things need to change and its not all based on the value of the currency..... http://dinarvets.com/forums/index.php?/topic/67915-iraq-opens-its-doors-for-business/ read that and tell me if it sounds like they are at all worried about the exchange rate of the dinar.....

Of course removal on sanctions is huge....but that doesnt necessarily mean that they will RV as soon as they are removed.....and they have had full access to the DFI funds....it really doesnt change a whole lot except they wont have to report where every dollar goes as they are required now to do.....the 5% will still need to be handled for paying off Kuwait and they want Iraq to come forward with some sort of mechanism to handle those funds when the DFI is gone but its not like Iraq has not had access to those funds this whole time.....Even with the DFI funds being released, it opens the doors for any and all countries to go after the funds for war crimes and reperations....bottom line is they still need the reserves to back their currency.....as of right now, (which of course could change) they only have exactly enough to cover the 59 trillion dinar money supply....

Snore..... :wacko: :wacko:

I can't wait for the rv so I don't have to keep seeing the LOPSTER GANG posting their pessimistic, depressing scribblings. :(

Totally fabricated rubbish!!! <_<

  • Upvote 3
  • Downvote 2
Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.