AJs Intel April 14, 2013

AJs Intel April 14, 2013

Good Morning All,

Below is an article that came out late yesterday that for the most part exposes what the CBI has done and is attempting to do. First we must look at the end of the article which states; “Among the difficulties faced by Iraq if they are to foot the deletion of zeros from the dinar is withdrawn about 30 trillion dinars in circulation in the Iraqi market, then discarded and replaced with a new currency.”

The sentence above reads like double talk but I think that is just Iraq and the translators.

Back when Shabibi was still in office he told us that they planned to delete the 3 zeros, but he must first remove most of the large zero currency from the market place, what does this really mean? In my opinion in the first stage it means “removing” the large bills from circulation. Second, it means to remove the 3 zeros from the exchange rate. And third, it means to replace.

Ok, so here we are about 2 years into what Shabibi told us and where is that process today?

The Iraqi CBI printed 35 Trillion large Dinar notes, the above quoted sentence states the CBI has pulled 30 trillion of those notes out of circulation and discarded them or is about to discard them.

People that leaves 5 Trillion Dinar in circulation! Where is that Dinar? It’s all over the world including what’s left circulating in Iraq. It’s in mine and your hands!

Ok, the above sentence states “if they are to foot the deletion of zeros” and then the sentence states, “Dinar is withdrawn”, do you think they would be working on this project for 2 years and not withdraw 30 trillion large note Dinar? My answer to you is no! This sentence is telling us that they have withdrawn from circulation about 30 trillion Dinar and now have US Dollars circulating in Iraq and now are about to replace the US Dollar with new currency as the sentence above states, “replace with new currency”, the lower denominations. Are we good so far!

Ok, now there are 30 trillion removed and 5 trillion in circulation, the question here is; can the CBI and Iraq support a 1, 2 or 3.42 RV or RI? I support the answer is YES! At the highest number in the later that is only 17.1 Trillion. At 1.056 trillion barrels of oil a year it would not take long for Iraq to cover 17.1 trillion Dinar, not to mention all the other GDP Iraq produces and is going to produce after Iraq’s economy gets its jump start.

Ok, now here is the second most important sentence in the article discussed, “noted that "the local currency will reduce from four billion units to one billion units which will make there Anciabh in the process of the transfer of currency." What’s this sound like? Just maybe a 3 Dollar plus RI does it not? Because to reduce 4 billion to one billion and have the same buying power there must be a revaluation of some kind, whether that be 1.134 to 3.42 as some has said recently.

And again, in my opinion they will do a smaller hard currency revaluation at or around 1.134 to 1.17 to facilitate the removal of the US Dollar from the market place in Iraq first and allow the Dinar to pip up and eventually get to the 3.42 range above Kuwait.

To see full article:
http://www.alsabaah.iq/ArticleShow.aspx?ID=44644

I should hope that this report helps ease the minds of the investor, I know seeing this article did me yesterday. Do not forget to check reality Monday morning to see if our lives are the same as today or have changed, but do not be discouraged if your reality has not changed, it will someday.

God Bless All,

AJ

Now that was a great read for early SUNDAY. Thanks AJ for ALL you do...

and COME RV!!!!

I made a correction in the math above. At the highest number of 3.42 the circulation of 5 trillion Dinar would be 17.1 trillion. AJ

3.42 still sounds great

I will dance the Dinar Boogie Woogie all the way to the bank at $3.42

Kevind53 wrote:I will dance the Dinar Boogie Woogie all the way to the bank at $3.42

....And I will do it with some dinar at .86 to 1.17.

Count me in...

I think he hit the nail on the head.

3.42 works for me. 10 cents works for me. I can catch up on my bills, and take a vacation. Spread some around. Work less, play a little more.

Hey an announced and fully rocking and rolling currency exchange has my vote!! Ger-r-done!!! Cash in? Why not??? Got other things to do (fishing, boating, stock cars, life .... . As John Wayne said in the Cowboys, "Come on - we're wasting daylight."

aksafeone wrote:Hey an announced and fully rocking and rolling currency exchange has my vote!! Ger-r-done!!! Cash in? Why not??? Got other things to do (fishing, boating, stock cars, life .... . As John Wayne said in the Cowboys, "Come on - we're wasting daylight."

Get'r done Iraq!