Popular Post RVDinar4MyFamily Posted June 22, 2011 Popular Post Report Share Posted June 22, 2011 (edited) I Debated all day if I was even going to post this. If I were the one reading a post like this, I would take this for what it is worth, and form my own opinion. I expect you all to do the same. There should be no question from anyone who has been on this site for more than 3 months about my feelings regarding BS rumors, and BS intel spread across the boards like candy for lost toddlers. I despise the gurus who lie daily and their precious pumper’s pets that take those lies and spread them across the boards like wildfire, knowing dang well that these same gurus have been wrong time and again. I only share this because of the long timers who I have come to respect and I think deserve to hear about this conversation I had today. For you newbie’s that want to question my integrity, and feel the need to bash, go for it, I could give a rats patootie what you think, if you don't like it, don't read it. You may want to go read some of my posts to see if I have earned my stripes on this board. Background info first... I am a swimming pools service tech. I have been in my industry for 21 years. I deal with rich, very rich, and stupid rich people on a daily basis. From time to time I have on occasion asked a customer here and there who I thought might have knowledge either because of their profession, or because I knew they dealt with a lot of investing, and who I felt comfortable enough with about the dinar. I have never had anyone who knew anything about it, until today. Let me say, that I am a people person, so having a conversation with a customer other than about their swimming pool is not unusual for me. I know the names of my regular customer’s kids and dogs, I know what they do for a living, and I even know some of their neighbors. I consider myself a very good judge of people and their character. With that said, this is not a customer I have known for many years, just met him last week when I went to look at his spa, and had to return today to do the work. He is very nice customer, very friendly and talkative. Both times he asked if I would like something to drink and today when I arrived, he was leaving to go to the grocery store and asked if I would like some lunch or anything while he was out. (I declined, but thanked him for the offer). You get the picture. When I first arrived, while he was telling me about his schedule today, basically letting me know he was going to be home most of the day after the grocery store, because he works for the fed and he his having a meeting at his house today so instead of driving across town, yadda, yadda yadda. I thought nothing of it and went on about my work, but turned out that I had the wrong part and would have to leave and come back. So, I did and while I am driving I thought back to the conversation we had and it struck me that he said "he works for the fed" So, I start to wonder if he is talking about the fed reserve, got the dinar on my mind all the sudden, dang it, I wish I would have caught that when we were talking, I would have asked. But, he should still be home when I get back. So when I got back, and after I had finished for the day (still need more parts, grrrrr) I had to bring him out to explain where we were and what the next step was etc. Then I asked him about what he does for a living. This is that conversation, paraphrasing, because my memory is not that good, and some of what he was telling me I did not fully understand, but I was convinced what he was telling me was as he himself believed and knew about the dinar. My question to him was if he worked for the Federal Reserve because he said he works for the fed earlier. He told me no, he works for the commerce dept. for the federal govt. and he deals with exports into different parts of the middle east, from what I gathered traveling to and from regularly with Iraq being one of his more frequent destinations. He deals directly with the Embassies in each country and or region that he goes to. His job has no top secret clearance, and from what I gathered during our conversation the revalue of the dinar is known throughout certain parts of gov't, but not widely talked about due to the speculation and run on the currency it would cause if the gov't just came out and said, yep, it’s going to happen. I asked him if he knew about the Iraqi dinar and the rumor of it revaluing, and if it was true. He told me he did know about it, and that yes it is true that it will revalue. (Blew my mind that he knew and confirmed that it will happen) So, I went directly to the question of the LOP. His answers were somewhat confusing to me in that it had to do with a lot of economical factors and such, so I am not even going to try to paraphrase. Instead, I am just going to tell you that what I did understand of it. Basically, the answer is YES, expect the lop to happen, BUT DO NOT FEAR IT, you will not lose when it happens, It will just be part of the revalue, but we will still get our payday. I wish I could expand on this more, but honestly, I have admitted it in the past, economics is not my strong suit, and his answer of how the process works is very economical. He did however say, and I know there are many of you who will not like this, to hold onto my dinar for about a year to get a really good return. It will start out low, and will increase as the market increases. There are many factors in it, and we did not go to deep into each of these factors, but some that were mentioned were to pay attention to Greece and the Euro, both are about to fail. Also to watch Libya and other GCC countries who are on the way to democracy and that the movement has started, and will continue until all of them have converted to democracy. Iraq, although not completely secure, is well on its way, with the Kurds ahead of the rest of the pack and possibly leading the way. I then asked when he thought and told him about what is believed from boards like these in respect to the DFI expiration, the chapter 7 sanctions, etc. His answer was that probably not that soon, but possibly within the next 3-4 months but really should hold onto it for about a year for a really good return unless you really need the money. He was very open and upfront with me about what he knew. He told me I am in good shape with my measly 750k, and that like any investment, it could go south, but things looked good. Now, I am not going to claim that what I was told is fact, is what will happen, I don’t really get the whole Greece and Euro connection, because, once again, I am a pool guy, not an economist. This was my real world experience today. Take it for what it’s worth. I for one felt better about this investment after today then I have since December. RVDinar4MyFamily Edited June 22, 2011 by RVDinar4MyFamily 67 1 Link to comment Share on other sites More sharing options...
easyrider Posted June 22, 2011 Report Share Posted June 22, 2011 honestly we all know its gonna RV its justa matter of when and how much. As, for your story i appreciate it but honestly like he said a LOP could happen imho it won't!!!1 this is one man's opinion. We shall soon see. 5 1 Link to comment Share on other sites More sharing options...
FrankenSLI Posted June 22, 2011 Report Share Posted June 22, 2011 Thanks for the story. Let us hope that the dreaded LOP does not come back to bite us. Link to comment Share on other sites More sharing options...
Kooper Posted June 22, 2011 Report Share Posted June 22, 2011 just push the damn button already...... 1 Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted June 22, 2011 Author Report Share Posted June 22, 2011 I should have clearified that, the LOP will happen, but not in the way we talk about it, and is not to be feared, it does not effect our investment or our return. 1 Link to comment Share on other sites More sharing options...
human1 Posted June 22, 2011 Report Share Posted June 22, 2011 Thanks for sharing. 1 Link to comment Share on other sites More sharing options...
jlldrs Posted June 22, 2011 Report Share Posted June 22, 2011 Excellent post, very plausable. Thanks for taking the time to share this with all of us! Link to comment Share on other sites More sharing options...
Hesalwayswithus Posted June 22, 2011 Report Share Posted June 22, 2011 well i believe you... i would hope you wouldn't take the time to create some crazy story like this. with that being said it's some pretty bittersweet news. great to know it's coming one day... but sucks that it might not be for a while. however, I'm still interested to see what's going down in the next 2 weeks. all these 'deadlines' and meetings taking place amongst countries and whatnot should produce some good info. ALSO....... him saying this doesn't mean that it's not going to RV at the .86 - 1.30 rate that's been floating around, which is still an incredible return on the investment. if it did RV at that rate, i could see where he might say hold on to it for a yr to get a better return because it is supposed to get back to it's old rate of 3.44 or whatever, which would be triple the return. so it might still RV at a good rate, but be better in a yr. bottom line is if i could go 1 for 1 with the IQD, i would take the money and run!! Link to comment Share on other sites More sharing options...
TC987 Posted June 22, 2011 Report Share Posted June 22, 2011 Thanks for the post! Personally, I like to hear "real world" experiences no matter who they come from. Some of the best stock trade information comes from the maids that clean stock broker's offices. Just sayin'. Thanks for sharing! 2 Link to comment Share on other sites More sharing options...
Kimberlye Posted June 22, 2011 Report Share Posted June 22, 2011 Thank you so much for posting your experience. I have to say I'm a little disappointed at the possibility of a lop, but he could be wrong. Let's hope so. Right? Have a great evening, Kim Link to comment Share on other sites More sharing options...
The Original Spike Posted June 22, 2011 Report Share Posted June 22, 2011 Gave ya a plus brother, thanks for the post. Link to comment Share on other sites More sharing options...
Fred A Posted June 22, 2011 Report Share Posted June 22, 2011 "LOCK And LOAD" Hold on. "safety Belt on and ready" for the train to stop real fast! Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted June 22, 2011 Author Report Share Posted June 22, 2011 well i believe you... i would hope you wouldn't take the time to create some crazy story like this. with that being said it's some pretty bittersweet news. great to know it's coming one day... but sucks that it might not be for a while. however, I'm still interested to see what's going down in the next 2 weeks. all these 'deadlines' and meetings taking place amongst countries and whatnot should produce some good info. ALSO....... him saying this doesn't mean that it's not going to RV at the .86 - 1.30 rate that's been floating around, which is still an incredible return on the investment. if it did RV at that rate, i could see where he might say hold on to it for a yr to get a better return because it is supposed to get back to it's old rate of 3.44 or whatever, which would be triple the return. so it might still RV at a good rate, but be better in a yr. bottom line is if i could go 1 for 1 with the IQD, i would take the money and run!! Very true, and I thought the same thing, but it could also open up at 500 and slowly make its way to 100 in a year just the same. which is still a pretty decent return, but not what we had hoped for. I would still like to believe that would cause a run on the currency, and it would have to open high enough to keep specuation to a minimum. Link to comment Share on other sites More sharing options...
Theflyingbird Posted June 22, 2011 Report Share Posted June 22, 2011 I should have clearified that, the LOP will happen, but not in the way we talk about it, and is not to be feared, it does not effect our investment or our return. I guess I'm confused .If it LOPs how will this not affect our return on our investment. Could someone please explain. 2 Link to comment Share on other sites More sharing options...
jlldrs Posted June 22, 2011 Report Share Posted June 22, 2011 I should have clearified that, the LOP will happen, but not in the way we talk about it, and is not to be feared, it does not effect our investment or our return. The way that I take this is that it may LOP in country in order for the large denominations and the small denominations to be used simultaneously with one another at the same value, until the large denoms are removed from circulation. As for the large denoms. us investors hold, I believe they will retain there face value, alot like when the US used the 10,000 and 1,000 bills and they still hold there value! Just throwing some thoughts out there. 1 Link to comment Share on other sites More sharing options...
RVDinar4MyFamily Posted June 22, 2011 Author Report Share Posted June 22, 2011 I guess I'm confused .If it LOPs how will this not affect our return on our investment. Could someone please explain. others have questioned my thoughts on this, but I tried to post a logical explaination in the past here. Link to comment Share on other sites More sharing options...
panamajo Posted June 22, 2011 Report Share Posted June 22, 2011 Good story. Thanks for the post. Link to comment Share on other sites More sharing options...
Hesalwayswithus Posted June 22, 2011 Report Share Posted June 22, 2011 ya i hope it's closer to the 1 to 1 and not the 1 to 500... that would be just a slight disappointment! Link to comment Share on other sites More sharing options...
Psych Posted June 22, 2011 Report Share Posted June 22, 2011 Thanks RVDINAR...it takes some time to write a post like this...next time I might suggest make an audio recording....encouraging stuff though. What's a year really anyways, if that turns out to be true? I can wait...appreciate the post! Link to comment Share on other sites More sharing options...
umbertino Posted June 22, 2011 Report Share Posted June 22, 2011 (edited) RVDinar4MyFamily ... Thank you for sharing.... Appreciated. I should have clearified that, the LOP will happen, but not in the way we talk about it, and is not to be feared, it does not effect our investment or our return. Thanks but that's cryptic somehow.... But thanks. Edited June 22, 2011 by umbertino Link to comment Share on other sites More sharing options...
VanessaL4100 Posted June 22, 2011 Report Share Posted June 22, 2011 Thank you so much for sharing your story! its greatly appreciated. I also think it's kind of sad that's anytime anyone posts in the rumors section, a long disclaime has to be said.....just to help deter the nay sayers.... But I appreciate it! Thank you!! +1 from me Link to comment Share on other sites More sharing options...
dklll Posted June 22, 2011 Report Share Posted June 22, 2011 THANKS for your time with your work and posting your chat. This is a breath of freash air. Link to comment Share on other sites More sharing options...
umbertino Posted June 22, 2011 Report Share Posted June 22, 2011 198 are reading it right now... Link to comment Share on other sites More sharing options...
Theflyingbird Posted June 22, 2011 Report Share Posted June 22, 2011 others have questioned my thoughts on this, but I tried to post a logical explaination in the past here. Thanks for the help. I didn't see that article before.Thanks for taking the time to explain. Link to comment Share on other sites More sharing options...
Candinar Posted June 22, 2011 Report Share Posted June 22, 2011 The way that I take this is that it may LOP in country in order for the large denominations and the small denominations to be used simultaneously with one another at the same value, until the large denoms are removed from circulation. As for the large denoms. us investors hold, I believe they will retain there face value, alot like when the US used the 10,000 and 1,000 bills and they still hold there value! Just throwing some thoughts out there. I agree with that, and have heard that theory. That might cut down on criminal groups over there cashing in and I believe we would have a set time to cash in the large denoms. So if you have smaller ones you may be able to wait and ride the rate. Just sayin' is all. Link to comment Share on other sites More sharing options...
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