Adam's Chat 7/6/11 1:25pm

[kcw]

[Adam Montana] I just got word that a family member is popping in on me tonight, surprise visit

[bobbidoll] Adam Montana Hello!

[Adam Montana] so I'm going to get my chat done early

[sunshinelvr] oooohhhh how nice

[Adam Montana] is anyone available to copy it?

[sunshinelvr] what time?

[bobbidoll] awesome!

[kcw] Adam Montana I will post this for you

[Adam Montana] thank you kcw

[Adam Montana] Now we all know that there is a flurry of news coming out

[Adam Montana] in particular - about a possible redenomination

[Adam Montana] and Iraq is trying to make it look like they will wait till next year to make this move\

[Adam Montana] many of you also know that my friend Sonny1 was very confident that we would see the RV happen about now, or even before now

[Adam Montana] I promised him I wouldn't spill the details of who said what to make him think that

[Adam Montana] but I want to add my two cents to that pot

[Adam Montana] so here it is: I cmpletely understand why he thinks it should have already happened

[Adam Montana] and I don't blame him for making that bold prediction 3 weeks ago

[Adam Montana] we all know that as of July 1st Iraq was basically released from all of their financial issues\

[Adam Montana] they can't use or possess sufficient firepower to protect themselves from an invading country

[Adam Montana] which gives them the ability to make their currency tradable, and it also gives them the ability to revalue it

[Adam Montana] the problem here

[Adam Montana] is that if they RV it now, before chapter 7 is lifted, then they have all this VALUE... and no way to protect it!

[Adam Montana] Chapter 7 restricts them from having an active military

[Adam Montana] they can't use or possess sufficient firepower to protect themselves from an invading country

[Adam Montana] I believe a little birdy whispered in Sonny's ear

[Adam Montana] and let him know that Chapter 7 had a chance of being lifted

[Adam Montana] and if that had happened, I truly believe Iraq would be pulling the trigger RIGHT NOW

[Adam Montana] but since it didn't happen yet

[Adam Montana] they would be foolish to RV now

[Adam Montana] they can't protect themselves yet

[Adam Montana] so in my opinion, the MAJOR thing to look for

[Adam Montana] is Chapter 7

[Adam Montana] ANYTHING related to Chapter 7 is going to be good

[Adam Montana] the other issue is the RD articles

[Adam Montana] I think they are smoke articles

[Adam Montana] let's think about this

[Adam Montana] they can re-denominate

[Adam Montana] and keep the current value

[Adam Montana] nobody makes a profit

[Adam Montana] but why would they do that?

[Adam Montana] 8 years ago they lost 1000% of what they had

[Adam Montana] their currency and wealth dropped insanely fast

[Adam Montana] and now they are in a position to get at least SOME of that wealth back

[Adam Montana] their reserves , economy, and government can sustain a substantial RV

[Adam Montana] and that's why I think they will do it

[Adam Montana] I have no idea how high it will go

[Adam Montana] but they need to regain some of that lost wealth

[Adam Montana] and us lucky bystanders are going to scoop up some profits too.

[Adam Montana] that's my Iraqi News update, I hope you all had a great holiday and didn't lose any fingers!

[Adam Montana] My thoughts and prayers go out to all of our soldiers that couldn't be home with family, and I thank all of you for supporting our troops

Topic: open floor, fire away!

[HYDRANT] Is not one big key to this rv the hcl law

[bobbidoll] Adam Montana you are amazing! thank you!

[Adam Montana] HYDRANT hcl is less important than Ch 7

[glo] ty adam !

[Adam Montana] but yes, it is important

[straightshot] Adam Montana - Dont you think it makes sense to redenominate before RV ??... and you do know that they are redenominating... going to happen... THEN maybe RV IMO...

[Adam Montana] as soon as Chapter 7 is lifted there will be noo problem fixing the HCL issue IMO

[Adam Montana] Straightshot I think they happen almost simultaneously

[Adam Montana] giving us a very small cash in window

[straightshot] but no RV before... MY point

[Tagman2] Adam Montana So are we looking for chapter 8 or complete dismissal of chapter 7?

[Adam Montana] it makes sense to move the decimal a couple notches, issue the lower denoms, and force everyone to cash in before RVing again to get the value up even higher

[Adam Montana] Tagman2 dismissal of Chapter 7

[glo] Adam Montana what do you think about what Zorbyc1 said about 1st or 2nd Q 2012 for RV ?

[straightshot] rd does not change value though

[Adam Montana] glo that's his opinion. you know what they say about opinions... everyone has one

[straightshot] except asthetically

[fastarnie] Adam Montana Is moving from art.14 into art.8 as important as chap. 7?

[glo] Adam Montana ty adam !

[Adam Montana] that's it for me - thank you all for letting me do this chat early

[bjdksl] Alooooha And Mahalo for the valuable info

[Adam Montana] please let everyone that shows up later know where to find the chat

[Adam Montana] and have a great day!

[sunshinelvr] you got it bossman

[Adam Montana] did someone get it copied?

[Tagman2] Adam Montana enjoy your company and thank you!

[sunshinelvr] Have a great day too and thank you

[bobbidoll] Adam Montana enjoy your evening!

[sunshinelvr] yes i did

[kcw] Adam Montana yep

[Adam Montana] sunshinelvr thanks!!!!

[digital11] woah, adam here

[sunshinelvr] both of us

[Adam Montana] kcw thanks too!!!!!!

[swampboy] what is the predicted date for chap. 7 to be lifted

[digital11] adam, you came for my birthday, right?

[Adam Montana] I'm off, take it easy all!

[Adam Montana] digital11 happy birthday!!

[bladowzanow]

Thanks for posting KCW!

Take care

[caleb08]

This was a great chat Adam. Thank you all for giving us this early chat update.

[ablaze96]

Thanks for posting the chat so quickly!

[DinarThug]

Thx Adam

I'll take Chat Quality over Quantity anytime.

Go Chapter 8. Git 'er Done !!

[cisole]

thanks for the informative chat Adam!

[mike5103]

Thanks Adam,

Again always providing good information!

[taboo]

Biting my tongue!!!!!

[Kanga]

Biting my tongue!!!!!

Do what you have to do Taboo!

Thanks Adam

Chapter7 begone, and now on with the show! Please make it this week!

[Lutie]

I thought I read somewhere a few days ago the Chapter 7 had been lifted. I can't find it so maybe i am wrong

[Atheist]

A few people lumped the DFI being released as the same as Chapter 7 being released and that is not the case.

[bigd1619]

I would like to respectfully disagree with adam. The rv is not being held up due to a possibility of not being able to defend themselves. I think the world knows we are still there and are their guard dog. Nobody is going to invade iraq, especially with us occupying it.

[tjmunson]

If you know about the visit, is it still a surPrise?

[Earnit3]

This is why I like Adam always strait up info thankyou for all your work Adam glad to be a member of DV. GO RV

[JKET955]

Does anyone know what it will take to get chapter 7 lifted or if its motion to be done.

[Bobbydee]

Thanks Kcw for posting Adam's chat. Thank you Adam for the info. Looks like chapter 7 is an important key for the RV. Please keep us up to date on chapter 7 's progress. Hopefully Irag can get out soon and bring this wild ride to an end. God Bless Semper Fi

[Theflyingbird]

Thanks for the post. I hope they get this done soon. I think we could all use a little extra money.

[andy3978]

The US is stationed in Iraq. Our massive presence there is far more powerful than any army Iraq can muster up...and certainly nothing that can prove a deterrant to the Iranian Revolutionary Guard. Having a military to 'protect their wealth' doesnt make much sense right now considering who's watching their back now...even is we are slowly withdrawing.

[banned]

Thank you Adam for the great chat ( Sonny1 still rocks )

[Retiredofficer]

Was told in Chatroom that issues(war reparations & with added fuel to the fire over shipping port construction) with Kiawait are causing the delay .

[DiNaR DoCtOr]

Adam -

This is the first time I heard you reference the ability for the Iraq army to arm to defend in order to have a tradeable currency. Is this new info or have I missed something? Thanks in advance

[magawatt]

The US is stationed in Iraq. Our massive presence there is far more powerful than any army Iraq can muster up...and certainly nothing that can prove a deterrant to the Iranian Revolutionary Guard. Having a military to 'protect their wealth' doesnt make much sense right now considering who's watching their back now...even is we are slowly withdrawing.

You would think it would make most sense to RV now while they still have the US umbrella. If the Iraqis were really motivated, how long would it take for them to train/hire a credible defensive force?

[WowLewi]

You would think it would make most sense to RV now while they still have the US umbrella. If the Iraqis were really motivated, how long would it take for them to train/hire a credible defensive force?

If we go with Adams direct quote "Chapter 7 restricts them from having an active military". My thought is it may be more a matter of logistics or protocol as the US Military won't be listed as officially protecting Iraq as we (The US) hypothetically could pull out anytime. Iraq needs to be self-sufficient.

[koni1]

Great!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!another "chapter" added to this very long book

[brent4JESUS2u]

Hey Adam & to all the "DV Troops" who contributed to the 7/7/11 Wed am Chat,

Although, I have read & reread what you explained in your RV Intell on Chap 7 - (great book), & have done a lot of research on several supposedly "influential elements" effecting the RV happening; this post, though short & sweet in nature, I believe, is more towards what we can really use here within our community.

I know it was accurate & true, as well as enlightening...as in "the light went off"; as I believe, especaially at this "stage" in our RV-hopes quest, we all are seeking what I term, "Key Mechanisims" to usher in the RV and our dreams & hopes coming to fruition.

Thank You Adam & all contributors for our common good!

Brent