Are You Prepared For Dinar Revaluation?
In a recent post, “Preparing For Dinar Revaluation“, we discussed the need to be prepared for the Iraqi dinar revaluation. We talked about two things that should be done before it happens,
1. Decide on your cash in location
and
2. Consult a CPA, tax accountant and/or tax attorney
For quite some time, I have been diligently and prayerfully searching for financial/tax professionals who can help with the many facets of managing wealth.
With an investment as unique as this, those who serve in this capacity must be well versed and educated about the dinar particularly as an investment.
I have found two teams of financial professionals who, as I am writing this, are researching the dinar investment in preparation for handling investors who will need these specific services.
These people can help with Charitable Tax Planning, portfolio set up, establishing entities, asset planning/protection, IRS, legal advice and more.
One of these teams is a group of tax attorneys who are at the top of their game. They specialize in the legal side of managing wealth as it relates to the IRS, capital gains etc.
They provide cost effective solutions for resolving current tax debts, as well as protect bank accounts, accounts receivable, business assets, personal assets, and wages from levies, garnishments and seizures.
From thousands of past cases, they enjoy a 100% success rate as well as a perfect BBB rating.
For security purposes, the company owner asked me not to post their information on this blog, however, if you are in need of securing these kinds of services and would like more information about this company, simply fill in the form below. I will be sure to get you the necessary information. You will not be contacted or bombarded with unwanted mail.
Don’t hesitate if you don’t have funds available now to hire. You can at least gain information, educating yourself for when you do.
Also, if you know of good professional resources that are competent, reliable and trustworthy, please feel free to leave a comment (get their permission first) or contact me with details. Together, we can make the most of our investment and enjoy the fruits of it for generations to come.
Many believe the dinar revaluation will happen before Christmas. As usual, we can only wait and see. In the meantime, lets be prepared.
Cherilynn
www.dinarinfo.net
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December 17th, 2009 at 5:22 pm
Thanks Cherilynn! Always looking out for us!
December 17th, 2009 at 5:24 pm
I’m from Alberta Canada, I have been reading all of your comments for about a month or so. Does anyone have info, as far as financial advisors for Alberta? My wife and I invested a large some into the dinars and are very excited about the next couple of days. FYI, there are some banks and foriegn currency traders that are selling the dinar , in the past week they have been sold out in Vancouver, Calgary and as of yesterday Edmonton, they told me that it would take weeks to put togeather an order, to get the dinars. Anyways, I believe that this will happen soon, maybe not tomorrow but I sure hope so. I enjoyed the comments, thanks for the excitment, it helps with the dreambuilding process!
December 17th, 2009 at 5:25 pm
You’re welcome Trina. Thanks for the positive feedback. More resources coming soon.
December 17th, 2009 at 6:09 pm
I want to thank you too , Cherilynn.
I like this board because you let use have a little fun but slow us (me ) down when we ( me ) get a little out of control.
I almost want to move to the UK when this is over . . . ahh . . . you single?
December 17th, 2009 at 7:46 pm
Cherilynn, perhaps you can check with your source and just answer the fundamental question of “how will the exchange be taxed”? There are 3 basic opinions floating around; 1) as ordinary Capital Gain of 0-15% depending on your tax bracket if held for more than 1 year (25% if not); 2) IRS changed their position on currency trade/exchange as NOT being an investment, thus treated as ordinary income; 3) that regardless of the first two, alternative minimum tax rules come into play raising the minimum tax to 25% and up.
I would like the opinion of this group, and not opinions of others who do not know first hand the IRS treatment. Thanks.
December 17th, 2009 at 10:03 pm
From what I read it will fall under capital gains.If you have owned it for more then 1 year it’s 15% less then a year up to 35% but I think they will find a way to grab more.Just pay your taxes I plan on talking to a cpa or something.I guess I should find me one of those.lol
December 17th, 2009 at 10:57 pm
Thanks very much Cherilynn for keeping us informed.
December 18th, 2009 at 3:07 am
Happy New Year Iraq!!!
December 18th, 2009 at 3:17 am
I been through this before , its 15% if over 1 year. Its 35% if under a year.
December 18th, 2009 at 3:22 am
hey bubba if it does rv today when do you think we will find out here in the us.
December 18th, 2009 at 4:22 am
I just want a RV
December 18th, 2009 at 6:15 am
I’m wondering, I bought mine from a local bussiness man about 6 years ago that actually contracted with somone to go to Irag and get it. I have no proof of purchase date. If capital gains is based on length of time you have held it…. am I just screwed? Anyone have any insight on this?
December 18th, 2009 at 7:49 am
I called 50 cpa and finally sat down with one. The general consensus (being that I’ve had this for less than a year) is 35%, no way around it. So if it goes to $2.47 I’ll make 2.47 mil and give roughly 1 mil to the state and fed. Hope this helps….
December 18th, 2009 at 11:30 am
I’m sitting here waiting… was this another another bit of bad “intel?” I heard now its being pushed to the 21st. Does anyone know anything about change?
December 18th, 2009 at 11:51 am
hey everyone I have new “intel” the RV will be set at $8.97 and it will happen in exactly 20min. … geash…lol!
December 18th, 2009 at 12:51 pm
I herd it could be as late as the 21st.
But I ain’t puttin’ the mud grips on lay away just yet.
and not to be sneaky but I’m sure you’ll find a recipt some where ; )
for your dinar.
December 18th, 2009 at 2:36 pm
Cuz the IQ demands research Bubba……I’ve been following for 2 months now…
I just went thru this site and 2 other “Dinar Blogs” and for the last 30 days, EACH week, on EACH site…someone claims that they “heard it is happening” on Thursday or Friday….Then when it doesn’t, they claim it’s pushed back until Monday(ish).
The next week the process repeats itself.
I can’t imagine having been invested for 4-5 years and putting up with this BS! The Prime Minister is being asked to step down, the Iranians apparently have “invaded” today and bombs are going off everyday. RV AIN’T (to speak the language) happening any time soon folks!
God Bless us all…..we’d all love for it to happen, but the “pumpers” own the blogs. If the RV was happening soon, the people selling(pumpers) would know, they’d be so busy getting their affairs in order that they wouldn’t have time for the weekly pump-up stories, the site would be quiet and the announcement would come on the news.
Smarten up people.
Anyone want to bet 1,000,000Dinar there’s no RV by the 21st?
December 18th, 2009 at 3:08 pm
Guzo, with that IQ of you , you still haven’t figured it out yet.
They have always been fighting over there.
for thousands of years.
It isn’t like here, if there is a bombing at a shop, yeh people die and SOMETIMES it will make the local news and they will clean up and be shopping tomarrow.
It isnt uncommon for the police to pull someone out of a house and shot them on the spot. Steal something in Arabia and get cought . . . you loose your left had.
this is a differant world over there and I saw many things , not to be pondered on.
the RV happening is just a matter of time and Yes there are people out there jumping the gun , BUT things are happening in the right direction for an RV .
Will it happen on the 21st . . . maybe not . . . wow what if it does ?
Semper Fidelis (look that one up)
December 18th, 2009 at 3:10 pm
——————————————————————————–
News & Video
Headline News
When will the Iraqi Dinar be revalued?
How will the Iraqi Dinar be revalued?
By James A Smith Senior Financial Officer
When will the Iraqi Dinar be revalued?
Historically, the Iraqi Dinar has been worth over 3 US dollars for
every Iraqi Dinar (Over $3,000,000 US dollars purchased 1 million
Iraqi Dinar). Put another way, Dinar has been worth well over
$3,000,000.00 US dollars. So, the question is: Will the Iraqi Dinar
increase in value?
James A Smith Senior Financial Officer
JAS Financial
The facts are:
Iraq is an extremely wealthy country when you look at their natural
resources and potential GDP. The expert consensus is that Iraq has at
least the second largest oil reserves and natural gas reserves in the
world. There is strong speculation that Iraq actually has the largest
oil and natural gas reserves in the world. Additionally, many people
don’t realize that oil from Iraq is some of the world’s cheapest oil
to drill and refine—the oil is very “rich” and close to the surface
with few impurities or hindrances to drilling. Iraq’s cost of
production per barrel of oil is minimal compared to other world oil
producers. This all means that Iraq’s profit margins on their oil
production are some of the highest in the world. Additionally, Iraq
has a vast agricultural system and abundant fresh water supplies from
the Tigris and Euphrates rivers—Iraq is known as the “Bread Basket
of the Middle East.” Moreover, Iraq has a large and traditionally
hardworking productive population. The bottom line is that Iraq has
staggering wealth in natural resources and tremendous GNP and GDP.
There is NO WAY the country of Iraq is going to be allowed to decay
into a state of instability. Iraq is not Somalia, Vietnam or Rwanda –
It is a strategic Middle Eastern country with tremendous potential
wealth. It is in the best interest of every Western country and most
Middle Eastern countries for Iraq to succeed as an independent stable
economy and country. No Western or Middle Eastern country is going to
stand by while Iraqi’s vast oil reserves and wealth fall under the
control of a neighboring rouge country or insurgency—it just won’t
happen.
The political and economic powers of the world are doing everything
possible to stabilize Iraq and bring their economy in line with the
rest of the world as soon as possible—this is in the best interest
of all nations. World leaders understand that wealth and prosperity in
a country lead to stability and increased productivity—people don’t
revolt when their needs are being met and their quality of life is
improving. One of the fastest ways to stabilize a country is to
increase its wealth and the quality of life for the population as soon
as possible. The cost of increasing an entire population’s wealth is
much less than the cost of war and widespread instability in the oil-
rich nations of the Middle East.
The history of the Iraqi Dinar demonstrates strong potential for
growth. At one time, the Iraqi Dinar was worth over 3000 times what it
is currently worth, while at the same time oil was selling for
approximately $15 per barrel — less than 1/5th of today’s price.
When will the Iraqi Dinar be revalued?
If the value of the Iraqi Dinar increased in value to just the lowest
valued currency of the mainstream Middle Eastern countries, it would
result in a 260 times increase in value. More simply stated, 1 million
Iraqi Dinar purchased for approximately $1200 US dollars today would
be worth $260,000 US dollars if the Iraqi Dinar were valued at $.26 US
Dollars—the lowest current valuation for a mainstream Middle Eastern
country. If the Iraqi Dinar were to reach a value equivalent to its
historical rate of $3.20 US dollars per Iraqi Dinar, the value of an
approximate $1200 US dollar Iraqi Dinar investment for 1 million Iraqi
Dinar would be worth $3,200,000 US Dollars. As a note, the current
exchange rate for the Kuwaiti Dinar is $3.44 US dollars for 1 Kuwait
Dinar—it would take $3,440,000.00 US Dollars to purchase 1 million
Kuwaiti Dinar.
Since its inception in late 2003, the Iraqi Dinar has steadily
increased in value—indicating a recovering economy and increase in
conversion of natural wealth resources.
The bottom line is that the Iraqi Dinar is currently at an extremely
low valuation compared to the US Dollar. The currency has steadily
increased in value since inception in late 2003. Iraq is a country
with phenomenal wealth potential; and additionally, has the backing
and support of the major political and economic powers of the world.
There currently seems to be minimal risk that the Iraqi Dinar will
decrease in value. The tremendous potential upside return compared to
the minimal downside risk seems to make the Iraqi Dinar a compelling
investment opportunity worth investigating.
One compelling speculation that may relate to the value increase of
the Iraqi Dinar is the actual amount of Iraqi Dinar being held by the
United States Treasury Department. A significant increase in the value
of the Iraqi Dinar would more than pay for cost of recent US war
efforts in the Middle East and greatly alleviate the tremendous debt
recently initiated by the US Government. The US Government’s current
runaway spending seems to suggest that the US Treasury Department is
expecting a massive windfall in the near future that will cover debt.
Although this theory seems logical and despite the fact that this
theory is parroted by many, this speculation can not be confirmed.
In determining when the Iraqi Dinar will increase in value, all
indicators point toward something happening in the near future (next
12 months) if not the very near future (next 3 months). The
appreciation of the Iraqi Dinar has been unprecedentedly flat over the
past 8 months despite low Iraqi inflation and a weakening US economy
and US dollar. The Iraqi economy has been on a continual surge of
economic growth for the past couple of years as Iraq has continued to
stabilize and rebuild. The news coming out of Iraq from numerous
returning military members with various reliable sources indicates a
rapid move and increase in valuation occurring prior to, or in
conjunction with US troop reductions. Indicators also point to an
increase in the Iraqi Dinar exchange rate occurring prior to, or
shortly after Iraqi elections. It appears that administratively, the
IMF, WTO, and other world financial entities are working in close
conjunction with the Iraqi Government to bring Iraq’s financial system
online with the rest of the world. The expectation is that the Iraqi
Dinar will soon be freely traded through banks worldwide—further
accelerating their recovery and economy, and adding to overall
stability.
When will the Iraqi Dinar be revalued?
To answer the question of “How” and “How high?” the Iraqi Dinar will
revaluate, some speculation is in order. Based on historical
precedents, an initial sudden significantly (overnight/over weekend)
high revaluation seems very possible. This initial move could be
anywhere along the entire spectrum of rumored possibilities from $.10
to $1.49. After this initial revaluation, it seems likely there will
be numerous significant incremental increases in valuation over a
period of time. This continual increase in value after an initial base
valuation will prevent an overwhelming surge on the world financial
system. By incrementally increasing the value of the dinar, it will
limit the number and amount of Iraqi Dinar exchanges as many investors
and currency traders will choose to hold their Iraqi Dinar or purchase
more as they anticipate further valuation increases. In other words, a
steady increase in the value of the Iraqi Dinar will create a free
flowing market as some investors cash-out, others hold on, and others
purchase Iraqi Dinar for the first time.
–
December 18th, 2009 at 3:15 pm
Guzo I would have to agree with you.I have been in this for 5 years now and the trick is you have to learn to not think about it and just keep moving.It will happen 1 day but noone knows when we are just hopeful it is soon.I am a pipe dreamer so I will be along for the ride.It can make you want to puke somedays.lol I would like to know if anyone takes you up on your bet.
December 18th, 2009 at 3:15 pm
The RV has happened in our dreams. Bubba already has his mud grips, wyane has his dinar set at $8.97, and guzo555 is not a believer.
December 18th, 2009 at 3:27 pm
I tried to hook my ipod up to my CB radio . . . . It don’t work
December 18th, 2009 at 4:14 pm
On the contrary Smooth Sweeper…..I have no choice but to believe. My 3 Spiritual Gifts are Giving, Faith and Miracles. I believe the Iraqi Dinar will someday be one of the most valuable desired currencies on the planet.(It’s only logical) And I also am a dreamer…..I love not checking the Lottery Ticket for a couple days just to enjoy the fantasy that I may have won.
The only point I’m trying to make to both the pumpers and the suckers on the site is that….”We’re all in this together….we all want it to happen…..I’m fine with all the Dinar Salesmen making $200. per million Dinar sold right now….But let’s do it without all the fairy tales, and outright made up “rumors”. Honest Business is all I’d like to see.
Marines everywhere are fired-up tonight because of you Bubba.
Through the good and the bad….Semper Fi!
December 18th, 2009 at 4:38 pm
I got some more fairy tales:
I just now got this email
From the news agency….word has it that M is behind closed doors at
this very moment working on his speech for this coming Sunday. It was
leaked through an unnamed source at 3:47 this afternoon that M will be
using a powerful and hypnotizing ………new campaign slogan. Some of the
greatest political minds in Iraq are hiding with M right now finishing
up the last couple of sentences ……..for his speech this Sunday. Great
attention is being paid to the selection of words for the ending of
this speech. All of our bank connections ……..even those that knew
nothing up until just this week……….are all reporting to us that they
are ready to go. They understand their instructions from the correct
departments that command them to take certain actions. Why then is the
day for announcement ………so dynamic? What causes it to be securely
anchored one day …………and set adrift the next? We all want the date to
be stagnant and not float around but the reality is that M is using
this last silver bullet he posses ………to manipulate it for his
political advantage. There is no fault in M taking advantage of this
historical announcement. Today is the start of their New Year………I
wonder how the 1.3 million unemployed feel about it? Now the people
are well aware that M is going to make a political campaign speech
this coming Sunday and I bet you they also are hoping that he keeps
his promise even if it’s two days late. Intel is saying to us today
that there is a very good chance he will make the RI announcement this
Sunday. If he does not……….intel says it can happen at any time between
now and a few weeks before the election in March. I can just see M
sitting with his advisors as they flip a coin hundreds of times trying
to decide whether to announce the RI this Sunday or wait until just
before the election. The human brain ………has a very short memory. It
stores and remembers the majority of what is pleasing and does its
best to forget unpleasant feelings. IMO……….if M makes the announcement
this Sunday in his political campaign speech………..Iraqis will not soon
forget! Think about it………..they would have almost three months to use
their new currency. Every time they would touch the IQD and use
it……….they would literally be shouting praises of thanks to M………..as
they CONSTANTLY REMEMBERED. Then when the elections occur in
March………..landslide. ET would be so proud because all the Iraqi
citizens would have glowing purple fingertips. What happens if he says
nothing this Sunday………and waits until a couple of weeks before the
election? Hmmm……..bad idea. It’s hot enough as it is over there………..if
he insults the people with no announcement after promising to remove
unemployment before the end of the year…………there will be a lot of
steam slowing building up in the psyche of the people. Anger can
slowly grow like bacteria …………and kill M’s chances for re-election in
March. IMO……..the people would say, you could have given it to us
three months ago because the IMF told you that you could. So why did
you make us suffer just before you need our votes…………not cool! Is this
how you are going to continue to treat us for the next few after we re-
elect you? So …………if M wants to make a smart campaign move he should
tell the Iraqis that very soon ……….
Iran stole Iraq’s #4 oil well today……….so they say. Iraq comes out and
says no………..that’s a bunch of baloney………..they didn’t take anything.
The United States ………..goes on high alert in the Gulf. Oh
buddy………..what tangled webs we weave.
Puerto Rican rumors are saying that their banks were showing 347 at
4pm in red. Then at 8pm in green. It was supposed to be tradable
today. So I pick up the phone ………and call the banks directly myself………
and I get nowhere. Then I call three initial departments and they tell
me …………yes, we see it too. So when this morning comes around and there
is no RI I called again. Frustration in the voice over the
phone………..grows even more as my contact tells me …………we see nothing
except an order to stand by again. I tried to explain to them that we
strongly believe it was supposed to happen today also. But we have
learned that M may possibly want to take advantage of making the
announcement for political leverage this Sunday and if he does then
the following day on the 21st which is the first day of their fiscal
calendar year…………Resolution 1859 may actually be passed to protect
them. IMO……..if he does not make the announcement then no Res 1859 and
the GOI can sink or swim for all that the rest of the world cares. And
for dessert if they make the announcement ………….they can have the
ransom ………..the complete removal of CH7. Nobody wants to constantly be
told what to do………..junior. This combination of days from the 18th to
the 21st if done properly by M can guarantee him to continue to be P M
of Iraq. Let us pray that M uses this ………..silver bullet. He can
eliminate his political opponents……..or kill his chances.
So the IMF website now shows Iraq as a NEW country listed. This allows
Iraq to be linked to the GDDS which is the General Data Dissemination
System that we talked about a couple of days ago in detail. This
system serves to guide countries in the provision to the public for
comprehensive, timely, accessible and reliable economic, financial and
socio-demographic data. Is this good? Go read my post from a couple of
days ago…….LOL. Of course it is Family……….look, this was a mandate
from the IMF for the CBI to obey………and guess what? They obeyed. They
have another mandate don’t they from the IMF?
Raise the value of your currency. One out of two isn’t bad but two out
of two would be …………perfect.
December 18th, 2009 at 5:03 pm
Why is it so easy to not check the Lottery Website…..but I log onto this site in my sleep……B-U-B-B-A! I need my Bubba fix!
Bank of Oklahoma is open late and on Sunday…. In case the big announcement happens and you can’t wait until Monday to cash-in! I’ll pick you up at TUL.
Hold on! Almost had me again Bubba.
1,000,000Dinar bet still stands.
December 18th, 2009 at 10:48 pm
Thanks for the post admin
December 19th, 2009 at 4:07 am
TODAY 1161.75 dinar is worth 1 us dollar.
well there is always monday.
December 19th, 2009 at 7:01 am
He hasn’t made his speech yet.
December 19th, 2009 at 7:40 am
Is there anybody that reall has good info, or is everything just rumor. What is YOUR source?
December 19th, 2009 at 3:17 pm
Anything anybody ? Is it Sunday over there yet
December 19th, 2009 at 5:31 pm
Some people are taking Maliki’s remarks of ending unemployment this year to mean that the RV is inevitable. Keep in mind he said “unemployment”. With the signing of the oil leases from last weeks auctions, I believe his was referring to in the very near future, most will be able to find work because of these recent developments. That’s not to say he couldn’t announce and RV as well, but I don’t necessarily believe his ending unemployment comment was meant to be tied with an RV. They are (2) separate entities.
December 20th, 2009 at 5:05 am
Any word on speech that was to be given in Iraq today? Local time in Baghdad is 5:05pm.
December 20th, 2009 at 3:45 pm
Yes….speech was given. No mention of an RV. No one took my 1,000,000 Dinar bet either! It’s the 22nd. in Iraq.
Here’s my prediction….At some point tomorrow, some “yahoo-pumper” will claim they have good “intel” that the Rv will happen on Christmas Eve or Christmas Day…
We’ll all be excited again….yadda, yadda, yadda
December 20th, 2009 at 3:58 pm
Crash and burn again………………………..
December 20th, 2009 at 5:39 pm
We all knew this was (is) a long shot. The Dinar will go up over time anyway but It needs an initial boost which would most likely come in the way of an rv. I have seen months of BS predictions come and go and always some excuse to follow. It is all BS. NOBODY KNOWS. Put yours in a safe place and go about your life. It is still a good investment but you just need to wait for the rewards. This is a rumors site and we sure get a lot of them. Have fun with the rumors but don’t let your future rest on a speculative rv to happen.
December 21st, 2009 at 1:44 am
I wanted to see the speech that was made yesterday by Maliki, but it is on you tube in arabic. Does anyone know how to have that changed to english or another site that may have it. I would like to interpret his speech myse;f. So far nothing has shown me that this was or is going to be a good investment. But here in a little as the pumpers get up…there will be great predictions for christmas day and millions more dinar sold. So here is my prediction, if you have millions and trillions of iraq dinar and iraq would rv at 1:1 the country would be broke coming out of the gate. So many people are on this wagon I hope it does rv soon because I will need new wheels because these are about to fall off. LOL
December 21st, 2009 at 4:54 am
Guzz555 in what world do you live that you think Iraq is 2 days ahead of the us and not just 8 hours ahead eastern time.
December 21st, 2009 at 7:08 am
Today is the 21st and there are alot of people really ticked off at the so-called messengers. And, that is understandable and probably even justified. But consider this fact and it is indeed fact. Iraq is pushing forward and doing things at brake neck speed to become a major economic force. That is indisputable. All the Adam M’s and Medics of the world can “pump” all they want and even mislead to a certain degree, but barring any major outbreak of violence or other catastrophic event, Iraq is on the move. And the RV is going along for the ride. I’m dis-appointed, but not discouraged because of these facts mentioned. Every last one of you could cash in now just to get out and not deal with this anymore but Iraq will just keep on moving up the ladder as a player regardless of what we do with our Dinars. The way I see it, the only way to lose out on this is if the Dinar is thrown out in favor of something new and then we all end up with egg on our face. But, that is probably unlikely. Keep your chins up people………..it will happen eventually.
December 21st, 2009 at 9:53 am
Sorry Sam…..I’m on vacation and actually was a day ahead. (????) Now that the business day of the 21st. is over in Iraq, again without the “rumored RV” , I think my point is made though.
And I completely agree with JJ….things are happening very fast in Iraq, and it only makes sense for them to soon revalue their currency so the Iraqi people don’t need to take 250,000 Dinar with them to the market in the AM……but all the BS about, tomorrow, tomorrow, “Intel” , “my uncle’s brother’s sister’s friend who knows someone with a cousin in Iraq- says…crap. Just wake me when someone is telling the truth about info .
December 21st, 2009 at 3:48 pm
I just got this .
From a group in Texas.
Just passing it along.
Our guy returns from the Middle East and these are some of his
thoughts after having discussions with a CBI rep there (who could only
give limited amounts of information, of course). Kurt
I think some people misunderstood one important thing – I still have
not predicted a date. IN MY OPINION it won’t be until after the first
of the year, but I could be wrong. My information is completely
different from other people’s… do your research and make your own
decision! Hopefully my information will help you put together the
clues, all I ask is that you don’t ask me to make a fake prediction.
Here we go!
First Question:
Quote:
It has been argued that Iraq has to have backing for the RV. As
backing goes I am talking money in the bank. Do you think this is the
reason why your guy says below 1.00?
Most of us know that many banks are getting financial backing already
from other banks in the world. Every big oil company that comes in
with a big contract is providing work and pay for the Iraqi people,
bringing more money into the country. In effect, business is going to
help back Iraq.
Obviously the country needs to be able to cover any RV rate, so you DO
have a good question. They are already “backed” at the rate of 1170,
so our question is this: How high could the Dinar go, while still
being “backed” by Iraq on it’s own?
An easy comparison is the US. What do WE have backing us? We certainly
don’t have enough money in the bank to cover our debt! If we don’t
have enough money in the bank to cover our currencies value, then why
does Iraq need that? Even though we don’t have the reserves or
resources to cover every US dollar in circulation or the debt we
currently hold, China still gives us credit. Why? Because we’re not
going anywhere. And neither is Iraq.
Remember, I never stated a rate, and I was not given a rate. If my
contact had given me a rate I probably wouldn’t have believed him on
the rest of the topics we covered. He didn’t, though, and he plainly
stated that there is no way to know the rate yet. Too many factors.
Anyway, when we were discussing the possible range, he was more
agreeable on the low end. When I asked “Why so low?”, he told me they
would come out as low as they could without having to be able to
“cover” every Dinar, and allowing for a realistic maturation rate of a
couple years to get to where they really should be. A huge spike would
cause chaos, and be counter productive. What they want is a controlled
growth.
So, does that mean it won’t come out at a dollar or two? No! The
currency plunged dramatically, and it could also rise dramatically.
Control is the key.
What about the amount of Dinar in circulation – can Iraq cover all
that dough?
Iraq doesn’t even need to be able to cover every Dinar… the simple
fact that the rest of the world wants oil will allow them to come out
at a higher rate. They can say “our Dinar is now worth $2.00!”, and
the world will go “Oh… ok… can I have some oil now?”
We had a good laugh about that one, because it’s true.
Quote:
Q: Does CBI already have the smaller denominations of 1, 5, 10 and 20
printed and ready to go for RV?
Good question! I asked the same thing, and he said it’s not a big
deal. He didn’t know if the notes were already printed, but – this is
key – he had seen the plates that will be used to print the smaller
denoms. His belief is that there is already a certain amount printed,
and depending on how fast the large notes come in, it will be very
easy to print more in a short time frame.
KURT: Very nice. We knew the lower denoms were coming, and this is
more evidence that we were right.
Quote:
I was wondering if you and your contact ever discussed a possible
‘cash-in period’ (when it does RV) for the larger notes?
I was complimented on this one by my CBI contact, in fact. He said I
was close – I guessed there would be a 30-90 day window to cash in, he
said it would be longer. No exact range was given, but he leaned more
towards 6-12 months before they permanently phase out the larger
notes.
Quote:
What about the IMF forcing the RV like people have discussed
previously? Can anyone discuss how the IMF still fits into this
equation?
I have a bit of information coming out shortly about how the IMF fits
in, make sure you’re on the newsletter.
Quote:
It would seem that Iraq is using international visa credit cards
(tbiraq.com)? If I am reading this info correct, then what makes their
currency globally recognized? Or are they already?
The currency is not globally traded, but it is globally recognized.
The Iraqi Dinar is the most sophisticated currency ever printed, in my
opinion it is only a matter of time before all major banks are trading
it.
To explain your question, though – Iraqi banks convert USD to IQD, as
you will see when you open a Warka account. When an Iraqi swipes his
VISA card, it “spends” USD – not IQD.
That’s all for now.. hopefully more tonight.. Kurt
December 21st, 2009 at 3:51 pm
I AM THE ” YAHOO _PUMPER “
December 21st, 2009 at 4:46 pm
No Bubba, the YAHOO PUMPER would have given a more specific date and pushed the notion of a higher RV amount. ur ok
December 21st, 2009 at 5:47 pm
Makes perfect sense that the initial RV would be on the low side as oppose to a full blown RV of $2 or $3 which leaves no room for improvement and creates kaos with everyone wanting to cash out at once.
My question is…how low will the initial RV be? Is it safe to say maybe $.50 will be the initial RV?
December 21st, 2009 at 6:20 pm
that “guy” who Bubba is referring to is allegedly Adam M. His credibility has been called into question because some of his inner circle were quoting rates and RV dates that obviously didn’t happen. He himself was quoted as saying he might have exciting news before he gets back from Dubai. Of course, that didn’t happen either. This is also the same guy that bans anyone from his chats or blogs who questions the validity of what he or his people say. Personal bashing towards him is not good but healthy debate is…… but he doesn’t even allow this to go on. One controversial comment towards him or his group and you’re out. That’s not healthy. That sort of isolationism is cult like. All these questions about when and how much it will RV at, just fuels dissent when it doesn’t come to pass. Just realize that an RV is better than any bet you could place in Vegas. It’s gonna happen……..just relax in knowing this and when it happens rejoice but quit asking for info like rates and times that only set you up for dis-appointment because these guys simply don’t know.
December 21st, 2009 at 6:48 pm
I’m not doubting that the Dinar is bound to RV evenually. However it does seem reasonable for the initial RV to be kind of low with future increases to follow. Would LOVE at least a 1:1 but it doesn’t look like that’s going to be the case. Got my fingers crossed though.
December 21st, 2009 at 9:31 pm
Adam M.’s forum and chat room have become so popular that over 900 people are in the chat room at one time occasionally. Some of the people are there only to disrupt. I have found him to be very knowlegable about the Iraqi Dinar. Did anyone find anything inaccurate about the information posted above that was stolen and plagiarized?
I have found this blog to be the best however. IMO.
December 22nd, 2009 at 3:54 am
as I said many times , I am part of several blogs and I bring it here to read.
I don’t see how I stole it . . . ?
It was posted.
In order to “Pagiarize ” I have to say I wrote it.
If you read my first line , What does it say ?
Read the second line what does it say?
When you read the third line , what does it say ?
This all refers to the post that eagled made .
You might want to change your handle to “Turkey”
December 22nd, 2009 at 5:34 am
I think that when it RVs that it will be either equal to the dollar or the euro.
Heck, they have been buying and selling with dollars for years.
the euro is more stable than the dollar (now)
Oh and I think I might need to put an ‘L’ in a mis- spelled word in my last post.
“Don’t want Mr Phonics to get all gitty”
December 22nd, 2009 at 5:39 am
Bubba,
I never said that you plagiarized the post. However someone placed “Kurt’s” name on the post and the post was actually written by Adam M.
I hope this clears it up. Merry Christmas.
December 22nd, 2009 at 6:21 am
Who really cares who wrote the original post it’s really just crap anyways. The guy or gal who wrote it first is just the first person who is now dummer than a minute ago.
December 22nd, 2009 at 11:38 am
I found a site that outlines what the U.N. Chapter 7 Sanctions are word for word:
http://daccess-dds-ny.un.org/doc/UNDOC/GEN/N03/368/53/PDF/N0336853.pdf?OpenElement
This tells what Iraq must accomplish before having Chapter VII Sanctions removed.
December 22nd, 2009 at 2:01 pm
Tried to see it G & P it says I’m not authorized.
I’m looking for more crap to get you all , all fired up , nothin yet
December 23rd, 2009 at 3:37 am
Donald Trump enters into the Iraqi Dinar investment scene.. buys
$30 million worth.
OK.. who wants to call this whole thing a scam tonight..
Trump Big Buy Into Dinar
By James A Smith SFO
Trump Big Buy Into Dinar
James A Smith Senior Financial Officer
JAS Financial
Trump Big Buy Into Dinar
United States real estate mogul Donald J. Trump has been diversifying
and moving East with his properties and it now appears he is in the
Far East buying Dinars, $30 Million U. S. Dollars.
Donald J. Trump “It’s time for all of us to diversify our assets and
take back the American dream” . the Donald trump list of investments
grows as we speak; Trump Casino, Trump International Hotel, Trump
Marina Hotel and Casino, Trump Taj Mahal Casino Resort and Trump
Tower, TV Shows, properties in New York, Las Vegas; Chicago; Miami;
Los Angeles; the Caribbean; Hawaii; New Jersey; Scotland; Dubai;
Dominican east region, Reality Dating the Trump University, vitamin
and health products and now the New Iraqi Dinar.
“It’s time for all of us to diversify our assets and take back the
American dream”. Donald J. Trump
It appears now Trump Big Buy into Dinar is confirmed. There has been a
rumor about this for a while but it has remained unconfirmed for the
most part until very recently. In the past week the source of the sale
a dealer involved and a person in the hi-raise industry have confirmed
the Big Buy.
Donald Trump – synonymous with luxury high-rises, his TV show and a
distinctive hair style – is now putting his money into the Dinar
investment / speculation arena. It is not for resale but as a hedge
and as with many in anticipation of the revalue of the New Iraqi
Dinar.
Many believe that the Dinar will return to its historic value of $3.20
as opposed to it value today of less then one cent.
The source lives in Bagdad and has been involved in the Dinar business
for the past 5 years and sells to 21 dealers in North and South
America and has confirmed a stepped delivery schedule of $30 million
dollars US. They have all been delivered at this point.
The dealer lives in the mid west United States and stated that he was
contacted by an agent who was looking for a source to obtain the 30
million dollars of Dinars about a year ago. He was unable to put the
deal together by himself and set up the original teleconference
between the source and the agent for a finders fee. The agent never
revealed who he was representing but the source did the day the deal
was put together.
Final confirmation was made last week in a unrelated interview. The
interview was about the New Trump Network that just launched with a
person who has been close to the Trump Empire, and the Trump / Dinar
rumor came up.
We now confirm is the Trump Big Buy Into Dinar rumor, and true to his
statement It’s time for all of us to diversify our assets and take
back the American dream” Donald may well obtain another American Dream
of turning 30 million into 30 billion!
December 23rd, 2009 at 7:49 am
Sorry guys, it worked for one day then said “not authorized”……. Google “United Nations”, go to their site, click “International Law” on right, then click “Security Counsel” on the left side of the page, then click “Resolutions” on the left, in the drop down menu choose the very bottom choice, then click “1990″, then scroll down to “Resolution 660″ and click it. It will bring up the entire Resolution word for word. Resolution 1483/Chapter 7 is listed in “2003″. It is very intertesting reading. According to Chapter 7 Iraq has completed most of what they had to, to be released from it.
December 23rd, 2009 at 8:08 am
I like this statement made by Maliki to the U.N. Security Council:
‘During the remainder of 2009 and in 2010, we will take action to recover the
international financial standing of Iraq while at the same time managing oil and gas
revenues in order to benefit the people of Iraq.”
Sounds pretty good.
December 23rd, 2009 at 11:45 am
I’m surprised no one commented on the Donald Trump buying dinar story. If the story is true, and Trump co-signs this type of investment, I’m sure it should be a confidence booster for us dinar holders knowing a person like Trump believes in the dinar RVing.
January 20th, 2010 at 6:11 pm
From what I have found on Trump is nothing at all.