Enorrste -

Newshound Guru Enorrste Article: "Central Bank: decision of the recruitment Chairmen in the banking sector without complaint would lead to an economic" It appears that Turki has been at the CBI long enough now to realize that Shabibi had never done anything wrong. He is taking a risk in saying this, especially a risk with Maliki, who put him in this position because he wanted Shabibi out. Furthermore, Turki is slapping the Supreme Court in the face with his statement that they overreached in an effort to find fault at the CBI when there were no wrongdoings at all, in Turki's opinion. Kudos to Turki!


Read more: http://www.dinarguru.com/#ixzz2UmT5hNaH

I am on of many people that is being tricking that tomorrow will be our day RV is tomorrow or Monday or Friday. Now I know that it will be in 2014? is it what you say? on the guru dinar?

Happy to see one Forum allows open discussions.  I guess my biggest question is the number of Dinars out there.  35T is large.  The dollar doesn't have that many in circulation. 

If they lop off the 000's, then maybe 3.28 range makes some sense.  If they lop it off today, then  the rate would be 1.16 and only 35B Dinars in existence.  Is that right?

That my friend is the million dollar question. Yes, there are numbers out there, and there are articles that appear to contradict those numbers. We have a handle on the number printed, but how many are still in circulation? In country? Held by foreign investors and governments? Destroyed? Held by the central bank? As is so often the case, I see more questions than answers. It would appear from a reading of the news articles that there is not a whole lot in circulation in Iraq since we periodically see articles claiming shortages of dinar in the banks.

Will we see a profit? I think so, but only time will tell IF and how much.

Kevind53 wrote:That my friend is the million dollar question. Yes, there are numbers out there, and there are articles that appear to contradict those numbers. We have a handle on the number printed, but how many are still in circulation? In country? Held by foreign investors and governments? Destroyed? Held by the central bank?

The CBI and common sense has the answers to all the circulation questions that matter, and ALL the answers and evidence prove that the RV is a bad joke.  Tens of trillions is the only answer that matters, and it is INDISPUTABLE.

It would appear from a reading of the news articles that there is not a whole lot in circulation in Iraq since we periodically see articles claiming shortages of dinar in the banks.

So if most of the dinar is in the US, and not in Iraq, you think that's a GOOD THING for an RV?  LOLOLOL.

Will we see a profit? I think so, but only time will tell IF and how much.

When you say this you should really mention that you have no rational reason for thinking this, and do so based purely on faith with zero evidence or reasoning.  Otherwise you're basically a guru yourself, misleading people with statements based on zero facts or logic.

Believe what you want ... I'm done with you.

You're still not getting it.

YOU believe what you want.

I believe the facts.  Here are the facts supporting many tens of trillions of dinar in circulation:

The CBI says the M2 is 80+ trillion.
The CBI has been independently audited by Ernst and Young with no major discrepancies found.
The IMF says the dinar is fairly valued.
Their largest note is 25,000.
Dinar trade sold over 500 billion in 2011 alone.
There's literally billions for sale on eBay every day (or at least hundreds of millions).
It costs a thousand dinar to buy a can of Pepsi.
The list goes on and on.

Here's the evidence that there aren't many tens of trillion out there:
............

You believing there's a chance that there aren't tens of trillions out there = you believe in conspiracy theories.  Because it'd take a massive conspiracy (between at least the CBI, E&Y, and the IMF) for it not to be true.

So you're saying there's not much dinar in Iraq.  We KNOW for a fact there are trillions outside Iraq.  And you think that makes it likely they'll RV?  Are you nuts?  They're going to screw their own people in order to enrich foreigners (that they hate) by pulling off a massive con job (concealing their true M2)?  

The truth finally comes out.  Kevin actually DOES believe some of the guru lies and DOES believe in dinar conspiracy theories.

Can I start calling you Guru Kevin?

How many Dinars were in circulation prior to the gulf war?  If you allow for a certain amount of inflation, you could estimate a realistic rate to pull the old bills in.  I believe the biggest misconception is thinking that if I hold 1M dinars and they revalue them at 3.58, that I get $3.58M for my $1,000 investment.  That's cannot work.  It would not be fair and where in the world does anyone get that kind of money to pay everyone off? 

I think this boils down to what's fair. They have to remove those old bills from circulation and verify that they are authentic.  The removing the 000's makes sense, from every angle I look at it.  If you have 1M, you now have 1,000 dinars worth $3,580.00.  (If the rate is 3.58). 

A triple would not be what you want to hear, but it's manageable and I'm sure the people of Iraq don't want to hear that Joe Blow made $3.58M for his $1K gamble.  Please I don't want to insult anyone, just using common sense.

Every dinar sold thru a dealer is accounted  for by ust for iraq the money goes to cbi this is my understanding.

There is an article on line about how one rich person in Iraq is building a replica of the Whitehouse, for his own personal use.  Spending $20M. 

It also mentions that the price of condos have appreciated three fold in that area.  I thought this was interesting and other big plans were mentioned in the article.  Check out the article.