Myths & Realities of the Dinar World by TD --

  

Wow ....

i will make it easy myths are the lies  of the gurus and pumpers the realities are the truths such as laws needed to be passed to make an rv possible remember one thing m does not want this but as eyes on a third term so he has to look good so he has his buddies do the dirty work and stall. imho you will be lucky to see this before the elections in 2014. this is reality

Like TD, my concern is for those who are desperate for money to buy necessities of life. Food, clothing, shelter. The cruelty of lying to them stirs me to thoughts I shouldn't think. Our nation is in a mess, and in many cases, good and responsible people are facing hardship not of their own making. They have lost jobs, homes and all their savings, and the goopoos, full of fecal matter, are telling them they could wake up to millions. It simply isn't true. 

Take a look at this site from this link that shows the Effective exchange rate released no less than 30 days before it is available for exchange. In other words, an exchange rate released on a specified date--such as tomorrow, September 16, 2013--would not be effective for exchange until October 16, 2013.  It seems to me, and I welcome correction if I am misunderstanding, this document from Bank of International Settlements shows that the 30-day exchange window is debunked as well. 

https://www.bis.org/statistics/relcal.htm

Here's a footnote:

^* Data are released no later than the specified date. 

Based on the most recent "secret intel" dates, someone must have been reading a not-so-secret--uummm, public document. He or she just neglected to read the top of the chart and the footnote.

this may be hard for some buthe reality of the rv is simple we have no control over this and neither  does iraq its the ptb they pull all the strings and everyone plays there role. the gurus  have no freaken clue in years they have written

I can't be 100% sure yet, but from what I have been able to decipher, this actually does not reflect actual exchange rates or planned exchange rates, but EFFECTIVE exchange rates. From Investopedia:

This exchange rate is used to determine an individual country's currency value relative to the other major currencies in the index, as adjusted for the effects of inflation. All currencies within the said index are the major currencies being traded today: U.S. dollar, Japanese yen, euro, etc.

This is also the value that an individual consumer will pay for an imported good at the consumer level. This price will include any tariffs and transactions costs associated with importing the good.

So then effective exchange rate would seem to have more to do with actual buying power than the currency to currency exchange rate. Iraq is not one of the countries the BIS currently tracks.

Thanks, Kevin. I'm the first to admit, I'm very limited in my knowledge of the international currency exchange tracking, but the BIS does have many documents on that site showing statistics and claims of reporting banks-- including Iraq. The most recent BIS Quarterly Review was published in June 2013.

I thought that might show that it does track Iraq. I don't understand the purpose of the documents, so thanks for clarifying.

I don't think historical data applies to Iraq simply because there has ever been a situation quite like this before.  Most countries dropping zeros did so because their currency had become virtually useless after years of hyper inflation and little, if any, interest to invest in their economies.  That isn't the case in Iraq.  The leadership has manipulated the currency to keep it artificially low in spite of vast natural resources.  Companies are beginning to move back, their economy is showing life and their stock exchange is doing quite well.  It may look like the place is chaos but they obviously have a plan to build infrastructure using US Dollars and it is working.  After the war they made it quite clear the goal was to have 1 Dinar equal 1 US Dollar.  It may very well start with an reval of 1 Dinar to .25 and a float from there, but I'm convinced this investment will prove to be a good one in the long run.  How much you make depends on how long you can ride the wave.

I'm surfin, Waco. But I can't swim.

I think a large part of the perception of chaos is just that, perception. Yes, they have a significant terrorist challenge, but I suspect that to at least a degree it is hyped because of the spectacular nature of the crime. However many cities and even a few American cities have higher murder rates that we see in Iraq.

Waco Kid is IMO spot on with his comments.

Yep, I agree with you, Kevind53.

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