Open Market Operations aka "Currency Auctions"

[PUNT18]

based on these numbers wouldn't ALL OF THE DINARS, 30 trillion, already be long gone???

Not necessarily. With the CBI having the dinars in their possession allows them the ability to re-deploy them when needed. While there is no way to know the truth for sure, some believe that the M2 figures have not changed simply because the CBI chooses to allow all of the "re-purchased" dinar to still be counted as usable currency. That way they can not tip their hand to the M2 being reduced, but also have currency available for use when needed in the local economy.

Go RV!

:D :D

Edited October 13, 2011 by PUNT18

[Francie26]

great post; great info and sound logic. Thanks 20Mill

if USA won't vote you for president, come on down under, and be our head of state...hahaha!

as far as our Aussie political "leaders" are concerned....man...we've got us a bunch of mud-slingin', whining name-calling kids as Leaders...it's pityful to behold.

anyway...good job, thanks again.

You think you have it bad?? Well, take a look at us!! We've got the Whinee-in-Chief over here. lol

[Rome M]

based on these numbers wouldn't ALL OF THE DINARS, 30 trillion, already be long gone???

Remember not all of the auction is cash. In order to see how much cash was brought in you have to click on the file that shows the breakdown of the auction. The cash number is the key to finding out how much dinar is leaving the streets.

This is what DOC was meaning near zero days, where there was almost no cash dinar traded at the auction. If I remember correctly, the cash portion is normally in the single digit millions.

[20MillionDinar]

The following thread was started a few days ago but I don't want it to get lost with all of the other articles. I also feel this ties in nicely with this thread which is why I am going to put the information in here:

http://dinarvets.com...a-rue-machines/

Krmayo, DinarBot, Markinsa, along with a few others posted some very interesting details and specifications regarding the machines that the CBI recently purchased or is planning on purchasing.

Krmayo:

http://cbi.iq/docume...versal-1.en.pdf

Markinsa:

DLR 7000 (video clip)

My Personal Opinion:

These De La Rue machines are going to be used by the CBI to bring in the majority of the Dinars that are currently in circulation and destroy the notes! They can then issue the new Lower Denominations with this machine as well. I am not going to pretend to know when and how all of this is going to go down but I do feel that this is HUGE for our investment.

This entire thread explains HOW the CBI is able to bring in dinars through the currency auctions. I never once said that they have been doing that already. However, this will give them the ability to destroy the notes as they come in (if they decide to do so) and then prep up the newer Lower Denominations for distribution!

More positive progress towards the end result!

Earlier in this thread there were some people who asked HOW currency is destroyed. Watch the above video clip and it will show you how this machine does in fact SHRED currency. The DLR 7000 is how a CBI would get rid of torn, soiled,l damaged, or "un-wanted" currency that is in circulation.

[kaka]

thx for the post

[zigmeister]

I am beginning to think they may have not destroyed those old beat up bills, but kept them in a vault, and continued to keep the amount on the books.

[20MillionDinar]

I am beginning to think they may have not destroyed those old beat up bills, but kept them in a vault, and continued to keep the amount on the books.

Zig, this is exactly what I think as well. This is why the M2 figures could be manipulated! People can't rely solely on the M2 figures alone when saying "there is too much currency in circulation..." It doesn't hold much water.

At least we know they do have monetary tools at their diisposal should they choose to reduce their total amount of currency when the time comes!

Edited November 1, 2011 by 20MillionDinar

[rvb4jan1]

"Open market operations" are monetary policy tools that affect directly the monetary base; the monetary base can be expanded or contracted using an expansionary policy or a contractionary policy, but not without risk.

The monetary base is typically controlled by the institution in a country that controls monetary policy. This is usually either the finance ministry or the central bank. These institutions print currency and release it into the economy, or withdraw it from the economy, through open market transactions (i.e., the buying and selling of government bonds). These institutions also typically have the ability to influence banking activities by manipulating interest rates and changing bank reserve requirements (how much money banks must keep on hand instead of loaning out to borrowers).

The monetary base is called high-powered because an increase in the monetary base (M0) can result in a much larger increase in the supply of bank money, an effect often referred to as the money multiplier. An increase of 1 billion currency units in the monetary base will allow (and often be correlated to) an increase of several billion units of "bank money". This is often discussed in conjunction with fractional-reserve banking banking systems.

So now we know there are monetary tools that affect directly the monetary base. Monetary Base are the notes & coins that are in circulation. The monetary base can be expanded or contracted using two different methods.

Excellent post!! Go RV!!!!!

First Method: "Expansionary Policy" (Expanding / Printing More Money)

http://en.wikipedia....monetary_policy

"In economics, expansionary policies are fiscal policies, like higher spending and tax cuts, that encourage economic growth.^[1] In turn, an expansionary monetary policy is monetary policy that seeks to increase the size of the money supply. In most nations, monetary policy is controlled by either a central bank or a finance ministry." We already know how a country can "expand" their monetary base / currency in circulation. They print more money. This is exactly what Iraq has done ever since 2003 when they released the new IQD's and put them into circulation. I believe they started with about 6 trillion Dinars back in 2003 but for arguments sake we will stick with the facts. In 2004 IndexMundi states that they had 10,244,220,000,000.00 Iraqi Dinars in circulation. That is a little over 10 trillion dinars.

http://www.indexmund...acts/iraq/money

Now we know that the CBI has the ability to "expand" and has in fact "expanded" their monetary base from 10 trillion Dinars to 30 trillion Dinars in a matter of 4 years! That is a lot of printing...

Second Method: "Contractionary Policy" (Contracting / Decreasing Money in Circulation)

http://en.wikipedia....monetary_policy

Monetary base

Contractionary policy can be implemented by reducing the size of the monetary base. This directly reduces the total amount of money circulating in the economy.

A central bank can use open market operations to reduce the monetary base. The central bank would typically sell bonds in exchange for hard currency. When the central bank collects this hard currency payment, it removes that amount of currency from the economy, thus contracting the monetary base.

Iraq's Currency Auctions They sell U.S. dollars to the banks and receive Iraqi Dinars. This happens ALL THE TIME. When the central bank collects this hard currency payment, it removes that amount of currency from the economy, thus contracting the monetary base. This is our key to a significant RV, PERIOD!

Effectively DESTROY BASE MONEY:

Process

Since most money is now in the form of electronic records rather than cash, open market operations are conducted simply by electronically increasing or decreasing ('crediting' or 'debiting') the amount of base money that the bank has in its reserve account at the central bank. Thus, the process does not literally require new currency. (However, this will increase the central bank's requirement to print currency when the member bank demands banknotes, in exchange for a decrease in its electronic balance.)

When there is an increased demand for base money, action is taken in order to maintain the short term interest rate (that is, to increase the supply of base money). The central bank goes to the open market to buy a financial asset such as government bonds, foreign currency or gold. To pay for this, bank reserves in the form of new base money (for example newly printed cash) is transferred to the sellers bank, and the sellers account is credited. Thus, the total amount of base money in the economy has increased. Conversely, if the central bank sells these assets in the open market, the amount of base money that the buyer's bank holds decreases, effectively destroying base money.

Folks, I have created 3 threads this morning and all of them I personally feel are VERY IMPORTANT.

First Thread Titled: "Iraqi Bank Reserve Requirements" http://dinarvets.com...79entry611879This particular thread has debunked the false rumors floating around accusing Iraq of following the Islamic Banking Law, which they do not. This means that they do not follow 100% Full Reserve Banking.

Second Thread Titled: Smart Cards / E-Payment Will Decrease Currency in Circulation" http://dinarvets.com...31entry611831 I explained how moving to E-Payment such as the Smart Card can and will significantly decrease the amount of currency in circulation over time. This method will depend on consistent power through the country in order for the banks and ATM's to work....they obviously need electricity (thanks Dalite for the reminder) The Iraqi citizens will also need to build faith and trust with the different banks in order for this to work. Educational Campaigns could do this for them in a matter of weeks or maybe months.

Lastly, Thread Titled: "Open Market Operations aka "Currency Auctions" This PROVES that the currency auctions can (if not already) bring in tons and tons of Iraqi Dinars which will then be destroyed. This effectively destroys a country's Money Base aka Currency in Circulation.

I have provided tons of links and facts for the naysayers or for those who base their decisions off of logic and reasoning. I'm not sure if this is possible but I think a MOD should "Pin" this thread because it proves that a significant RV is possible. It proves all of the "naysayers / LOPsters" wrong. The biggest argument (which is valid and played a huge role in all of this) is the amount of currency in circulation. Well this thread proves that by using Contractionary Policy the CBI can decrease the Money Base (currency in circulation) through Open Market Operations which also can be referred to as Currency Auctions.

Thank you for taking the time to read through this.

[keepmwlknfny]

Zig, this is exactly what I think as well. This is why the M2 figures could be manipulated! People can't rely solely on the M2 figures alone when saying "there is too much currency in circulation..." It doesn't hold much water.

At least we know they do have monetary tools at their diisposal should they choose to reduce their total amount of currency when the time comes!

The only thing is that the CBI directly states that the money supply figures dont include currency that has not been issued or currency that has been returned to the CBI being kept in the vaults, and currency that has been replaced. Whether or not they are following that guideline is another story but thats what they are stating.

[rollinthedice]

Great job 20 mil. Thank You!

[Redhorse]

Great Post! Its very knowledgeable people, like you and Adam, that make this sight The hallmark of Dinar info....pumpers excluded.

Thank you Sir.

[20MillionDinar]

As we know the Iraqi Dinar is now held at a "program" exchange rate as specified by the International Monetary Fund of 1170 dinars per US dollar at the Central Bank of Iraq. However, there is not yet a set international exchange rate and so international banks do not yet exchange Iraqi dinar. The exchange rate available on the streets of Iraq is around 1200 dinars per US dollar.

Typically, a government wanting to maintain a fixed exchange rate does so by either buying or selling its own currency on the open market. This is one reason governments maintain reserves of foreign currencies. If the exchange rate drifts too far below the desired rate, the government buys its own currency in the market using its reserves. This places greater demand on the market and pushes up the price of the currency. If the exchange rate drifts too far above the desired rate, the government sells its own currency, thus increasing its foreign reserves.

The main criticism of a fixed exchange rate is that flexible exchange rates serve to automatically adjust the balance of trade. When a trade deficit occurs, there will be increased demand for the foreign (rather than domestic) currency which will push up the price of the foreign currency in terms of the domestic currency. That in turn makes the price of foreign goods less attractive to the domestic market and thus pushes down the trade deficit. Under fixed exchange rates, this automatic rebalancing does not occur.

Governments also have to invest many resources in getting the foreign reserves to pile up in order to defend the pegged exchange rate. Moreover a government, when having a fixed rather than dynamic exchange rate, cannot use monetary or fiscal policies with a free hand. For instance, by using reflationary tools to set the economy rolling (by decreasing taxes and injecting more money in the market), the government risks running into a trade deficit. This might occur as the purchasing power of a common household increases along with inflation, thus making imports relatively cheaper.

Additionally, the stubbornness of a government in defending a fixed exchange rate when in a trade deficit will force it to use deflationary measures (increased taxation and reduced availability of money) which can lead to unemployment. Finally, other countries with a fixed exchange rate can also retaliate in response to a certain country using the currency of theirs in defending their exchange rate.

The belief that the fixed exchange rate regime brings with it stability is only partly true, since speculative attacks tend to target currencies with fixed exchange rate regimes, and in fact, the stability of the economic system is maintained mainly through capital control A fixed exchange rate regime should be viewed as a tool in capital control. A speculative attack in the foreign exchange market is the massive selling of a country's currency assets by both domestic and foreign investors. Countries that utilize a fixed exchange rate are more susceptible to a speculative attack than countries utilizing a floating exchange rate.This is because of the large amount of reserves necessary to hold the fixed exchange rate in place at that fixed level. Nevertheless, if a government chooses to maintain a fixed exchange rate during a speculative attack, they risk the chance of severe economic depression or financial collapse.

A speculative attack has much in common with cornering the market as it involves building up a large directional position in the hope of exiting at a better price. As such, it runs the same risk: a speculative attack relies entirely on the market reacting to the attack by continuing the move that has been engineered, in order for profits to be made by the attackers. In a market that is not susceptible, the reaction of the market may, instead, be to take advantage of the change in price by taking opposing positions and reversing the engineered move. This may be assisted by aggressive intervention by a central bank, either directly through very large currency transactions or through raising interest rates, or by activity by another central bank with an interest in preserving the current exchange rate. As in cornering the market, this leaves the attackers vulnerable.

The above tells us that Iraq has extremely large reserves due to the fact that they need to keep their exchange rate stable as it is pegged to the US dollar They do this through their currency auctions. Now, if the IMF (which seems to be the ones who are responsible for keeping them on the fixed exchange rate) allowed the Iraqi Dinar to float then what could happen is the CBI could purchase Iraqi Dinars at their currency auctions and "destroy them" or withdraw them from circulation. This in turn places greater demand on the market and pushes up the price of the currency. Also, if they were not on the fixed exchange rate then they wouldn't have the need for so much extra currency as they wouldn't have to "prop up" or "suppress" their currency on a day to day basis like they have to do now.

Another problem being stuck on this fixed exchange rate is that an automatic balancing of trade does not occur. When a trade deficit occurs, there will be increased demand for the foreign (rather than domestic) currency which will push up the price of the foreign currency in terms of the domestic currency. That in turn makes the price of foreign goods less attractive to the domestic market and thus pushes down the trade deficit. This is what has been happening in Iraq for quite some time. The demand for and excessive use of the US dollar in Iraq is actually making the IQD worth less because of the lack of demand. This also makes foreign goods (imports) less attractive pushing down the trade deficit. A "flexible exchange rate" serves to automatically adjust the balance of trade.

Now, on top of all of this they also need to worry about "speculative attacks" which could be cause by speculators and foreign investors. Yes, this is very possible, especially with a country worth so little bit. $60 Billion USD, this market is easy to corner if you think about it. A couple of major corporations, foreign financial institutions, and major investors could EASILY corner this market should they choose to do so! However, this may be assisted by aggressive intervention by a central bank, either directly through very large currency transactions or through raising interest rates, or by activity by another central bank with an interest in preserving the current exchange rate. As in cornering the market, this leaves the attackers vulnerable.

I personally believe that somebody (USA) has an interest in preserving the current exchange rate. This would leave any potential attackers vulnerable. I don't care who says US is not holding massive amounts of Dinar, I say they are for this exact reason. This market would be easy to corner UNLESS Iraq is being assisted by the US through very large currency transactions. If you think this is impossible then think again! Just because you can't find proof that the US is holding tons of dinars, think about this. It is almost common sense!

Overview:

1) There is excessive amounts of Dinar which is needed at this time to maintain the fixed exchange rate system. This is a major reason for the over inflated money supply.

2) If the Iraqi Dinar is allowed to float then that would allow them to withdraw and destroy trillions of dinar immediately. This in turn creates greater demand for the IQD currency and drives up value. Also, being an internationally recognized currency using a flexible exchange rate puts the currency on the FOREX market giving the currency more liquidity and trade volume is increased substantially! A flexible exchange rate also helps to automatically balance trade.

3) Speculative Attacks: Why hasn't the Iraqi market been cornered? Why hasn't any major corporations, financial institutions, or even governments tried to corner this market? Or have they....? It is very possible that the same entity (USA) who could cause the biggest speculative attack on Iraq be the ones who are preventing this from happening through very large currency transactions as there is a major interest in preserving the current exchange rate. Something to think about folks...

Edited November 10, 2011 by 20MillionDinar

[gulab]

Wow great analysis 20MD! So, what's the end game? Is this gonna POP or not? Seems to me the way the global economy is going and if central banks do have IQD of any amount that this would help alleviate the economic crisis brewing worldwide. What's the reason for the holdup, or is everything going according to plan, on a predetermined timetable, which has already been suggested by others?

[20MillionDinar]

Wow great analysis 20MD! So, what's the end game? Is this gonna POP or not? Seems to me the way the global economy is going and if central banks do have IQD of any amount that this would help alleviate the economic crisis brewing worldwide. What's the reason for the holdup, or is everything going according to plan, on a predetermined timetable, which has already been suggested by others?

Well, I don't have even the slightest clue as to what the real plan is, but whatever is going on I'm sure is right on schedule! The "big dogs" know exactly what they're doing and they are in it to make money every way possible. Let's hope we are on the right side when everything goes down.

I believe this is going to "pop" and it should be fairly soon! I have never given a "rate and date" and I'm not about to start now, however, my next target "window of opportunity" is leaning towards the end of this year. RV or RD, not sure...

**I am 100% behind them dropping the fixed exchange rate and adopting a flexible exchange rate system. This would be awesome!

[20MillionDinar]

I'm going to add a few more things to the above post:

The Iraqi Dinar is now held at a "program" exchange rate as specified by the International Monetary Fund of 1170 dinars per US dollar at the Central Bank of Iraq.

So the IMF is "specifying" the rate of 1170 dinars per US dollar. Isn't it also interesting to note that the member with the largest amount of votes in the IMF is the U.S. director! The U.S. accounts for almost 20% of the entire world's votes coming in at 16.76% of the total fund votes... The U.S. has more than 3 times as many votes then the next most influential country which is Japan coming in at 6.24%.

http://www.imf.org/e...memdir/eds.aspx

Meg Lundsager United States 421,965 Total Votes 16.76% of Total Fund Votes

U.S. invaded Iraq, toppled Saddam Hussein, spent trillions of dollars helping them get to where they are at now. And for what? Only a few major oil contracts? I don't think so...

Oh and not to mention that the U.S. (corporations, investors, government) is one of the few major players who could corner the Iraqi market, but hasn't? Also, no other countries, corporations, or financial institutions have cornered the market either. I wonder why that is...? Maybe they (US) won't let that happen and are preserving their interest in maintaining the current exchange rate. How would they do this? Through very large currency transactions! Oh but, because we can't find a document proving that the U.S. holds trillions of Dinars then it must not be true right? Right...

I am wondering if anybody else finds it interesting that the IMF specifies the rate, the U.S. literally has controlling interest in the IMF, and Iraq's market has never been cornered. Is this coincidence? Oh wait, some will argue that the IMF and the US have nothing to do with Iraq's exchange rate and the decisions they make in regards to the value of their currency. If you believe that then you are very mistaken.

With the troops pulling out at the end of the year, we will still have a strong presence in Iraq, but it will definitely mark a "new beginning" for Iraq and hopefully good things will come to all of us who have took this leap of faith and have patiently waited.

The real questions are:

WHY is everything happening?

What exactly is going to happen?

How is everything going to go down?

Unfortunately, most of us will never know the answer to any of these questions...

Edited November 10, 2011 by 20MillionDinar

[20MillionDinar]

A fixed exchange rate, which pegs the value of a currency to a strong foreign currency like the dollar or the euro, has many advantages, particularly for developing countries seeking to build confidence in their economic policies. And such pegs have been associated with lower inflation rates. And such pegs have been associated with lower inflation rates. However, countries with fixed exchange rates seem to be more vulnerable to currency crises, as well as to twin currency and banking crises, than those with more flexible regimes.

Regardless of whether flexible exchange rate regimes are adopted under stress or under orderly conditions, their success depends on the effective management of a number of institutional and operational issues

Moving to a Flexible Exchange Rate

How, When, and How Fast?

Some countries have made the transition from fixed to flexible exchange rates gradually and smoothly, by adopting intermediate types of exchange rate regimes—soft pegs, horizontal and crawling bands, and managed floats—before allowing the currency to float

freely. Other transitions have been disorderly—that is, characterized by a sharp depreciation of the currency. A large share of the exits to flexible exchange rate regimes during 1990–2002 were disorderly. But whether

an exit from a fixed rate is orderly or not, it is always complicated.

What conditions are necessary—from an operational perspective—for a successful shift from a fixed exchange rate to one that is determined, at least in part, by market forces? How fast should the transition be? And in what sequence should the policies needed for

flexibility be put in place?

Country experiences indicate that four ingredients are generally needed for a successful transition to exchange rate flexibility:

• a deep and liquid foreign exchange market; (NOT YET)

• a coherent policy governing central bank intervention in the foreign exchange market (the practice of buying or selling the local currency to influence its price, or exchange rate); (DONE)

• an appropriate alternative nominal anchor to replace the fixed exchange rate; and (NOT SURE)

• effective systems for reviewing and managing the exposure of both the public and the private sectors to exchange rate risk. The timing and priority accorded to each of these areas naturally vary from country to country depending on initial conditions and economic structure.

Central Bank Intervention

Under currency pegs, official purchases and sales of foreign currency to bridge the gap between foreign currency supply and demand at a given price are often rules-based in that the timing and amount of intervention are predetermined. In contrast, official intervention in the foreign exchange market is optional, or discretionary, under a flexible exchange rate regime, although authorities still can and do intervene, usually to correct misalignments, calm disorderly markets, supply foreign exchange, and accumulate reserves. Thus, a government that is shifting to a flexible regime needs to formulate policies on the objectives, timing, and amounts of intervention.

Central bank intervention is usually justified, however, to calm disorderly markets—that is, markets with unequal numbers of sellers and buyers of foreign exchange, resulting in illiquidity. If market illiquidity persists, it can hurt the real economy. Although volatility that is due to disorderly markets and that is likely to lead to a collapse of liquidity is also difficult to detect, acceleration in exchange rate changes, widening bid-offer spreads, and a sharp increase in interbank trades relative to customer-bank turnover are signs to watch for.

A country may need to reevaluate its international-reservemanagement policy when it moves to a flexible exchange rate regime. On the one hand, the level of reserves required to maintain a flexible rate may be lower than that required to maintain a fixed one. In addition, improved supervision of private sector foreign currency exposures may reduce reserve requirements.

The most important function of a country’s monetary policy is control of the money supply (or liquidity). This is especially true when countries have exited a peg under market pressure, since a currency depreciation is likely to spark inflation. As a country moves to a more flexible exchange rate regime, the burden of managing liquidity shifts from intervention in the foreign exchange market to other monetary policy instruments, such as standing facilities, open market operations, and repurchase agreements. While such instruments, along with liquid money markets, are important for managing liquidity under any type of exchange rate regime, their importance rises with exchange rate flexibility.

Managing & Supervising Exchange Rate Risk

When a country floats its currency, exchange rate risk shifts from the public sector (the central bank) to the private sector, as the former no longer stands ready to intervene at fixed rates. Indeed, disorderly exits often happen because of unmanageable imbalances in the public sector’s balance sheet. Thus, determining the scale and scope of exchange rate risk exposures in the financial and nonfinancial sectors is also key to achieving an orderly exit from pegs. The private sector’s exposure to exchange rate risk can have an important bearing on the pace of the exit, the type of flexible exchange rate regime adopted (for example, a band versus a float), and official intervention policies

To Float Or Not To Float

It is no doubt better to plan an exit in a calm economic environment. But even planned exits do not necessarily last. Many countries have reversed course after adopting exchange rate flexibility. Either macroeconomic conditions or a lack of institutions or both may contribute to the reversal from a float to a fixed regime.

Other obstacles to floating in many developing countries include the limited number of participants in the foreign exchange market, pervasive exchange controls, a weak technological infrastructure, and underdeveloped money markets. Both fixed and floating exchange rates have distinct and different advantages. No single exchange rate regime is appropriate for all countries in all circumstances. Countries will have to weigh the costs and benefits of floating in light of both their economic and their institutional readiness

http://www.imf.org/e...sues38/ei38.pdf

[AoK]

Well, I don't have even the slightest clue as to what the real plan is, but whatever is going on I'm sure is right on schedule!....I believe this is going to "pop" and it should be fairly soon! .. my next target "window of opportunity" is leaning towards the end of this year. RV or RD, not sure...

**I am 100% behind them dropping the fixed exchange rate and adopting a flexible exchange rate system. This would be awesome!

I'm going to add a few more things to the above post:

U.S. invaded Iraq, toppled Saddam Hussein, spent trillions of dollars helping them get to where they are at now. And for what? Only a few major oil contracts? I don't think so...

Oh and not to mention that the U.S. (corporations, investors, government) is one of the few major players who could corner the Iraqi market, but hasn't? Also, no other countries, corporations, or financial institutions have cornered the market either. I wonder why that is...? Maybe they (US) won't let that happen and are preserving their interest in maintaining the current exchange rate. How would they do this? Through very large currency transactions! Oh but, because we can't find a document proving that the U.S. holds trillions of Dinars then it must not be true right? Right...

I am wondering if anybody else finds it interesting that the IMF specifies the rate, the U.S. literally has controlling interest in the IMF, and Iraq's market has never been cornered. Is this coincidence? Oh wait, some will argue that the IMF and the US have nothing to do with Iraq's exchange rate and the decisions they make in regards to the value of their currency. If you believe that then you are very mistaken.

With the troops pulling out at the end of the year, we will still have a strong presence in Iraq, but it will definitely mark a "new beginning" for Iraq and hopefully good things will come to all of us who have took this leap of faith and have patiently waited.

The real questions are:

WHY is everything happening?

What exactly is going to happen?

How is everything going to go down?

Unfortunately, most of us will never know the answer to any of these questions...

WOW, appreciate your thoughts on this 20MD - very insightful! +1 It's people like you who really help bring a little more clarity and understanding to this investment.

[gramms9]

20 Million Dinar, I really appreciate all you and the other financial wizards do to keep us informed. I know I should be following this closely, but I read what you have written and don't understand much of it truthfully. Please don't take offence because none is intended. My question is this, do I really need to know this stuff ? I'm only planning to invest according to the advisors and draw funds as simply as I can as an employee. I've spent 50 years working for the man and I just don't want to apply the energy it takes to follow you. I'm pretty content at this stage of the game, to only use the 10% brain power necessary to live a comfortable life. If I should really paying more attention let me know and I will try to get on track. Thanks so much!

[fancy]

20 Million your insight is amazing and I for one always look forward to your post....even if I have to read it more than once

[20MillionDinar]

20 Million Dinar, I really appreciate all you and the other financial wizards do to keep us informed. I know I should be following this closely, but I read what you have written and don't understand much of it truthfully. Please don't take offence because none is intended. My question is this, do I really need to know this stuff ? I'm only planning to invest according to the advisors and draw funds as simply as I can as an employee. I've spent 50 years working for the man and I just don't want to apply the energy it takes to follow you. I'm pretty content at this stage of the game, to only use the 10% brain power necessary to live a comfortable life. If I should really paying more attention let me know and I will try to get on track. Thanks so much!

Gramms6,

You don't need to listen to a single word that is posted here, seriously!

All you need to do is remain patient and wait for the outcome. Whenever that may be...

Nobody knows exactly what is going to happen or how it is going to happen. So the outcome is completely unpredictable.

Just keep enjoying life and wait for Adam's email!

[islandman7]

I have been on this site for many months, but now I am finally an official member. Greetings to all !

My thoughts / Questions are:

That we, the US government / military seem to be leaving behind all out equipment. Aren't we going to get paid for all this stuff ???

I also understand that at the present, they aren't permitted to have military equipment, per UN sanctions. Then why are we leaving all our equipment ????

How are they going to protect them selves / their oil, from other countries wanting it ????

It seems that they would need to be released from UN sanctions to have our equipment, & they need an RV to pay for it....... Unless I am missing something.

[BradyBear]

Leaving our military equitp behind seems to a fairly common action of ours, not sure if it is to help our friends out or so that the companies that rip us off for the manufacturing price can do it again; you know the old adage: you wash our hands gov. and well work with you.

Not to mention, I have seen several times where our government has billions if not a few trillion in dinar and that is George Bush says we will make money on that war and have a sweet economy.

[GotSix]

what you are missing is that this scam has been run time and time again since 2003 . the iraqi's can't revalue without a proven stable government and a reliable army to repel invaders . they have neithera at this time and won't for about 5-7 years at minimum . you'd be better off investing in lotto tickets , better chance of coming out ahead of that game than this one . in the dinar rv scam the only people that will profit are the people selling you this paper currency that is worth less than the mexican peso. i hate to tell you this but santa claus and the easter bunny aren't real either.

Wow....if that's the case .....then I've never came across someone with an opinon worth less than the Dinar

[Francie26]

what you are missing is that this scam has been run time and time again since 2003 . the iraqi's can't revalue without a proven stable government and a reliable army to repel invaders . they have neithera at this time and won't for about 5-7 years at minimum . you'd be better off investing in lotto tickets , better chance of coming out ahead of that game than this one . in the dinar rv scam the only people that will profit are the people selling you this paper currency that is worth less than the mexican peso. i hate to tell you this but santa claus and the easter bunny aren't real either.

Well . . . Merry Christmas to you, too!! I hope you are as merry as you sound!! Sheesh!!

[LR Bobert]

what you are missing is that this scam has been run time and time again since 2003 . the iraqi's can't revalue without a proven stable government and a reliable army to repel invaders . they have neithera at this time and won't for about 5-7 years at minimum . you'd be better off investing in lotto tickets , better chance of coming out ahead of that game than this one . in the dinar rv scam the only people that will profit are the people selling you this paper currency that is worth less than the mexican peso. i hate to tell you this but santa claus and the easter bunny aren't real either.

I would think at this time, the best response, we could have for you obvious knowledge, is no response at all. except MERRY CHRISTMAS