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11/14/2011 - Four Years Ago in Dinarland
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11/14/2011 - Four Years Ago in Dinarland
Here we are four years later and TNT TONY is still saying "We have never, ever been at this point, this close to an announcement." And people still believe in him and the other gurus that are left. That strikes me as kind of stupid... Greed sure is a powerful thing.
11-14-2011 Guru Bulldog75 AS OF NOW WE SEE: MINISTERS ARE SEATED & SHAB SAYS THE IQD IS INTERNATIONALLY TRADED. WE SHOULD SEE THIS ON THE NEW CBI WEBSITE SOON UPON THE IQD RATE POSTING (WHOSE NEW SITE LOCATION HAS NOT BEEN ANNOUNCED YET). MINISTERS OF INTERIOR AND MINISTERS OF FINANCE WHO ARE IN CHARGE OF SALARIES, HAVE DISCUSSED SECURITY STAFF SALARY INCREASES EFFECTIVE THIS WEEK DUE TO EXCHANGE RATE. SOURCES FROM UST TO VATICAN ARE CONFIRMING MUTUAL CONCLUSIONS OF RATE CHANGES FROM NOW TO WEDNESDAY, WHICH IS THE RATE POST. WE HAVE NUMEROUS CONFIRMATIONS FROM THE MIDDLE EAST, TO DUBAI AND TO IRAQ THAT THE RATE CHANGES WERE ANNOUNCED AND IN EFFECT "IN COUNTRY" AS OF TOMORROW
11-14-2011 Guru ScottiG "THOUGH I HAVE BEEN TOLD WHAT THE RATE IS LIKELY TO BE IN THE US, THAT INFO CANNOT BE RELEASED AS OF YET. "I EXPECT IT TO BE CLOSE BUT JUST UNDER 4.40 USD. THIS IS NOT TAGGED IN ANY WAY TO THE GBP. ALL NEWS IS GOOD. I AM LOOKING FOR ACTIVITY ON THE CBI & ISX HOPEFULLY VERY SOON." OUR TIME IS COMING VERY, VERY SOON.
11-14-2011 Guru Checkmate this thing could very well be over...so many people and so many places telling us its over. The intel all says the ministers and GOI is all done Chapt 7 and the rate is to be seen. We do have 7/8 agencies today...the worst we heard is wed/Thurs...all others are saying it was announced today and in staged areas announced in IRAQ. The number one source told me its already concluded. I don't think the banks will tell us the rate until we see it on the CBI. If its RI'd Im thinking around $2.50 or $2.75. IT will go up a lot soon after. If it RV's it should stay at that rate for awhile. in the next few hours we may hear the news we are waiting for.
11-14-2011 Guru DinarWishes being anounced and activated are two diffrent things there is a process...we verified a speech not the RV...it is linked to the GBP but in America it will show as USD = it is Linked to the GBP for Stability.
11-14-2011 Guru BWM I have sources saying yes [it actually rv'd in Iraq]...have I seen it anywhere that I can confirm and feel safe about it...no...If this has happened I would expect to see it tonight and certainly by tomorrow IF this is true...I don't think they can "announce" it in Iraq and expect it to stay normal for any length of time...if it truly went in Iraq I would expect to see something within the next 12-16 hours at least IMO...have heard around [4.40] which to the pound would be about 7 dollars...not gonna sugar coat it...it sounds good but until I can prove it you won't see the MC Hammer dance til it's for sure...it's not on the bank screens or cbi so we wait.
11-14-2011 Guru DinarWishes [new guru] We have Been working Very hard to get conformation of the Speech Given by Shabibi and we, Jonny, BWM and others Have Verified it did take place...I am waiting for my copy of the Speech and should have it soon...European and Arab Nations are VERY Excited as they Should be...3 Letter agencies are Excited and Banks are Standing By...Hold on toYour Hat Cause we are trying to get Further Conformations of the procces and Just know it is underway...and Hope to have something to anounce Later this Evening!!! We have NEVER Been this Close...We will not know the rate till it Post on the CBI...WE DO NOT HAVE AN RV TILL IT POST!!!
11-14-2011 Guru BGG better wait for confirmation before we get all "squirelled up" about it!! I got several phone calls from different people. I know how hard it is to keep the excitement bottled up folks but let's try. Be happy, but guarded until confirmed. That said, Woooooooooooooooooooooo Hooooooooooooooooooo.
11-14-2011 Guru Poppy3 bgg and i and several others are very excited because we feel and actually know we have the best contacts available and as of over two weeks ago they all came into alighment and these peeps do not know one another and don't have the same contacts but all are and have been calling this window as the best we have ever faced. I pray that all the details they have informed us of is correct. GUYS this has been done several time and usually we will hear it from a couple sources but not all the sources?? this is why I put so much faith in the timing and what they are saying now.
11-14-2011 Guru Bulldog75 PURPORTED RUMORS FROM SOURCES ON ANNOUNCEMENTS AND CODE RELEASES MAY COME DURING THIS TIME NOW. WE WILL NOT SPECULATE FURTHER UNTIL ABSOLUTE CONFIRMATIONS FROM RELIABLE SOURCES OF UST, WBANK, CBI.
11-14-2011 Guru Bluwolf all is done, all screws have been tightened, looking forward for it to pop up asn...On rv standby...it will just pop into play...The banks are silent now, But they will talk soon. I see all things positive, and the outlooks will be fantastic
11-14-2011 Guru ScottiG This is the absolute latest info. I am trying to confirm all aspects but as it stands right now. My 30 year currency exchange expert is stating that the banks in Iraq are trading the newly valued IQD. I am told that the in country rate is $4.40. I am also getting word from Dubai that Maliki has just announced the adjustment. Everyone is nuts. I do not have confirmation from the banker because it is not released yet into the country. I will let you know more when I find out more. I do not know what the politics of releasing in the US banks is at this time. Do not go nuts just yet. We are not 100% yet but we very well could be there!
11-14-2011 Guru Bulldog75 WE ARE GETTING PURPORTED RUMORS OF AN 'RV'. HOLD TIL CONFIRMATION. JUST HOLD. COMING FROM IRAQ. JUST HOLD. NOT CLAIMING IT. JUST HOLD...WE ARE AWAITING A POSSIBLE 'CONFIRMATION'. PLS HOLD. WE ARE HERE AS LONG AS POSSIBLE ON PHONES. EVERYTHING IS RUMOR TIL PROVEN. NO POSTED RATES YET NOR CONFIRMATION FROM SHAB/ET AL MINISTERS. - HOLD -
11-14-2011 Guru ScottiG Last week Scotti G told you that he really liked this Tuesday.....I still do. It is possible it could go a day or two past but I would not expect that to be the case. I have information from so many valued as well as some highly placed sources that we are so extremely close. I am hearing now from sources in Iraq that the speech was related to inflation and their approach to address and stop it. The words RV were not used but the terminology you have heard me say quite often was. They will adjust the value of their currency this week. That is the nutshell version based upon a valued friends notes. I do not give dates or rates. I never have. I will however...let you know the very minute I hear it from 'the banker'. We have never been this close before, I do not forsee anyone pulling this back this time. EVERYTHING IS DONE THAT NEEDED TO BE DONE!
11-14-2011 Guru Gary [via DebTarHeelGirl] THE UK FOREX GUY states just now they are waiting and watching, they got notification of the changes and are monitoring their boards right now..
11-14-2011 Guru TonyTNT Everything from Friday and the weekend is still in motion. I thought we would wake up Millionaires and I am not the only one. things did not kick off at the time it was supposed to. The contractor I spoke with says he is still getting paid tomorrow. Shabibi did give a speech to Parliament TODAY and it was about the value of the dinar. We have never, ever been at this point, this close to an announcement. It could still be a great day.
11-14-2011 Guru Checkmate i beleive we are moving forward quickly. You know how conservative I am. I am expecting it anytime
11-14-2011 Guru ScottiG I am still waiting for clarification of the substance of Dr. Shabibi's speach at 3 AM eastern. Speech confirmed by one Iraqi citizen and 1 Kuwaiti. No details yet as communication is monitored.
11-14-2011 Guru Jonnywg PLEASE NOTE THAT THE RATES ARE STILL AT $00.000 AND UPDATING... HOWEVER IN another sources notes, the updating will be completed today...note that SHABIBI ADDRESSED THE IRAQI PEOPLE AT 3PM IRAQ TIME RE THE CURRENCY AND RV
11-14-2011 Guru Freeway Bill BE PATIENT... this has to happen for the Global Reset...this baby is stubborn but will show up soon.
11-14-2011 Guru Bulldog75 THIS CAN POP ANY HOUR AND WE ARE ON STAND BY...STAY COOL, CALM, COLLECTED... OUR DAY IS COMING.
11-14-011 Guru ScottiG Just in from Kuwait and confirmed by second source. Shabibi just gave a speach to the people. No details as of yet but will share as info comes in.
11-14-2011 Guru Jonnywg UPDATE: THE REPORT FROM THE BANK IS IN AND ALL 135 CURRENCIES ARE STILL UPDATING AND UPLOADING - VALUES AT $00.0000. NOT WHAT WE WANT BUT WE ARE STILL UPLOADING. WE WAIT UNTIL 10 AM CST.
11-14-2011 Guru SteveI There has been so many huge news events over the past two weeks, that one can only anticipate something will happen very soon. It will happen when we all least expect it. every day...I get more excited about the future of Iraq and our investment ...just live each day to its fullest and let this happen.
11-14-2011 Guru Freeway Bill This thing is getting me antsy...would just like someone to just come out and verify the exact time and rate, but that isn't going to happen until it happens...This RV is a sly fox and has to be watched constantly. Different intel from all over the place and everyone saying the same thing. Fat Lady is warming up!
11-14-2011 Guru Jonnywg there is nothing more that i can say...the contractors have to be paid in rv'd currency as does the govt employees, the usd is no longer legal, CHINA has agreed to fiscal terms, italian PM stepped down...i will be hard pressed to comment if this does not procceed...everything is in place...we await the postings.
11-14-2011 Guru Bulldog75 BANKS ARE VERY VERY VERY READY RIGHT NOW! THEY ARE HOLDING WAITING FOR ENTIRE SYSTEM TO SYNCHRONIZE AND ALIGN. THE QUESTION IS WHEN AND WE ARE THAT CLOSE. THE RATE CAN COME QUICKLY THRU : CBI, BIS, IMF, W BANKS, UST. IT APPEARS THE TIME IS SO NEAR AND SO CLOSE AT HAND FOR THIS TO DOMINO.
11-14-2011 Guru Bulldog75 AS OF NOW WE SEE: MINISTERS ARE SEATED & SHAB SAYS THE IQD IS INTERNATIONALLY TRADED. WE SHOULD SEE THIS ON THE NEW CBI WEBSITE SOON UPON THE IQD RATE POSTING (WHOSE NEW SITE LOCATION HAS NOT BEEN ANNOUNCED YET). MINISTERS OF INTERIOR AND MINISTERS OF FINANCE WHO ARE IN CHARGE OF SALARIES, HAVE DISCUSSED SECURITY STAFF SALARY INCREASES EFFECTIVE THIS WEEK DUE TO EXCHANGE RATE. SOURCES FROM UST TO VATICAN ARE CONFIRMING MUTUAL CONCLUSIONS OF RATE CHANGES FROM NOW TO WEDNESDAY, WHICH IS THE RATE POST. WE HAVE NUMEROUS CONFIRMATIONS FROM THE MIDDLE EAST, TO DUBAI AND TO IRAQ THAT THE RATE CHANGES WERE ANNOUNCED AND IN EFFECT "IN COUNTRY" AS OF TOMORROW
11-14-2011 Guru ScottiG "THOUGH I HAVE BEEN TOLD WHAT THE RATE IS LIKELY TO BE IN THE US, THAT INFO CANNOT BE RELEASED AS OF YET. "I EXPECT IT TO BE CLOSE BUT JUST UNDER 4.40 USD. THIS IS NOT TAGGED IN ANY WAY TO THE GBP. ALL NEWS IS GOOD. I AM LOOKING FOR ACTIVITY ON THE CBI & ISX HOPEFULLY VERY SOON." OUR TIME IS COMING VERY, VERY SOON.
11-14-2011 Guru Checkmate this thing could very well be over...so many people and so many places telling us its over. The intel all says the ministers and GOI is all done Chapt 7 and the rate is to be seen. We do have 7/8 agencies today...the worst we heard is wed/Thurs...all others are saying it was announced today and in staged areas announced in IRAQ. The number one source told me its already concluded. I don't think the banks will tell us the rate until we see it on the CBI. If its RI'd Im thinking around $2.50 or $2.75. IT will go up a lot soon after. If it RV's it should stay at that rate for awhile. in the next few hours we may hear the news we are waiting for.
11-14-2011 Guru DinarWishes being anounced and activated are two diffrent things there is a process...we verified a speech not the RV...it is linked to the GBP but in America it will show as USD = it is Linked to the GBP for Stability.
11-14-2011 Guru BWM I have sources saying yes [it actually rv'd in Iraq]...have I seen it anywhere that I can confirm and feel safe about it...no...If this has happened I would expect to see it tonight and certainly by tomorrow IF this is true...I don't think they can "announce" it in Iraq and expect it to stay normal for any length of time...if it truly went in Iraq I would expect to see something within the next 12-16 hours at least IMO...have heard around [4.40] which to the pound would be about 7 dollars...not gonna sugar coat it...it sounds good but until I can prove it you won't see the MC Hammer dance til it's for sure...it's not on the bank screens or cbi so we wait.
11-14-2011 Guru DinarWishes [new guru] We have Been working Very hard to get conformation of the Speech Given by Shabibi and we, Jonny, BWM and others Have Verified it did take place...I am waiting for my copy of the Speech and should have it soon...European and Arab Nations are VERY Excited as they Should be...3 Letter agencies are Excited and Banks are Standing By...Hold on toYour Hat Cause we are trying to get Further Conformations of the procces and Just know it is underway...and Hope to have something to anounce Later this Evening!!! We have NEVER Been this Close...We will not know the rate till it Post on the CBI...WE DO NOT HAVE AN RV TILL IT POST!!!
11-14-2011 Guru BGG better wait for confirmation before we get all "squirelled up" about it!! I got several phone calls from different people. I know how hard it is to keep the excitement bottled up folks but let's try. Be happy, but guarded until confirmed. That said, Woooooooooooooooooooooo Hooooooooooooooooooo.
11-14-2011 Guru Poppy3 bgg and i and several others are very excited because we feel and actually know we have the best contacts available and as of over two weeks ago they all came into alighment and these peeps do not know one another and don't have the same contacts but all are and have been calling this window as the best we have ever faced. I pray that all the details they have informed us of is correct. GUYS this has been done several time and usually we will hear it from a couple sources but not all the sources?? this is why I put so much faith in the timing and what they are saying now.
11-14-2011 Guru Bulldog75 PURPORTED RUMORS FROM SOURCES ON ANNOUNCEMENTS AND CODE RELEASES MAY COME DURING THIS TIME NOW. WE WILL NOT SPECULATE FURTHER UNTIL ABSOLUTE CONFIRMATIONS FROM RELIABLE SOURCES OF UST, WBANK, CBI.
11-14-2011 Guru Bluwolf all is done, all screws have been tightened, looking forward for it to pop up asn...On rv standby...it will just pop into play...The banks are silent now, But they will talk soon. I see all things positive, and the outlooks will be fantastic
11-14-2011 Guru ScottiG This is the absolute latest info. I am trying to confirm all aspects but as it stands right now. My 30 year currency exchange expert is stating that the banks in Iraq are trading the newly valued IQD. I am told that the in country rate is $4.40. I am also getting word from Dubai that Maliki has just announced the adjustment. Everyone is nuts. I do not have confirmation from the banker because it is not released yet into the country. I will let you know more when I find out more. I do not know what the politics of releasing in the US banks is at this time. Do not go nuts just yet. We are not 100% yet but we very well could be there!
11-14-2011 Guru Bulldog75 WE ARE GETTING PURPORTED RUMORS OF AN 'RV'. HOLD TIL CONFIRMATION. JUST HOLD. COMING FROM IRAQ. JUST HOLD. NOT CLAIMING IT. JUST HOLD...WE ARE AWAITING A POSSIBLE 'CONFIRMATION'. PLS HOLD. WE ARE HERE AS LONG AS POSSIBLE ON PHONES. EVERYTHING IS RUMOR TIL PROVEN. NO POSTED RATES YET NOR CONFIRMATION FROM SHAB/ET AL MINISTERS. - HOLD -
11-14-2011 Guru ScottiG Last week Scotti G told you that he really liked this Tuesday.....I still do. It is possible it could go a day or two past but I would not expect that to be the case. I have information from so many valued as well as some highly placed sources that we are so extremely close. I am hearing now from sources in Iraq that the speech was related to inflation and their approach to address and stop it. The words RV were not used but the terminology you have heard me say quite often was. They will adjust the value of their currency this week. That is the nutshell version based upon a valued friends notes. I do not give dates or rates. I never have. I will however...let you know the very minute I hear it from 'the banker'. We have never been this close before, I do not forsee anyone pulling this back this time. EVERYTHING IS DONE THAT NEEDED TO BE DONE!
11-14-2011 Guru Gary [via DebTarHeelGirl] THE UK FOREX GUY states just now they are waiting and watching, they got notification of the changes and are monitoring their boards right now..
11-14-2011 Guru TonyTNT Everything from Friday and the weekend is still in motion. I thought we would wake up Millionaires and I am not the only one. things did not kick off at the time it was supposed to. The contractor I spoke with says he is still getting paid tomorrow. Shabibi did give a speech to Parliament TODAY and it was about the value of the dinar. We have never, ever been at this point, this close to an announcement. It could still be a great day.
11-14-2011 Guru Checkmate i beleive we are moving forward quickly. You know how conservative I am. I am expecting it anytime
11-14-2011 Guru ScottiG I am still waiting for clarification of the substance of Dr. Shabibi's speach at 3 AM eastern. Speech confirmed by one Iraqi citizen and 1 Kuwaiti. No details yet as communication is monitored.
11-14-2011 Guru Jonnywg PLEASE NOTE THAT THE RATES ARE STILL AT $00.000 AND UPDATING... HOWEVER IN another sources notes, the updating will be completed today...note that SHABIBI ADDRESSED THE IRAQI PEOPLE AT 3PM IRAQ TIME RE THE CURRENCY AND RV
11-14-2011 Guru Freeway Bill BE PATIENT... this has to happen for the Global Reset...this baby is stubborn but will show up soon.
11-14-2011 Guru Bulldog75 THIS CAN POP ANY HOUR AND WE ARE ON STAND BY...STAY COOL, CALM, COLLECTED... OUR DAY IS COMING.
11-14-011 Guru ScottiG Just in from Kuwait and confirmed by second source. Shabibi just gave a speach to the people. No details as of yet but will share as info comes in.
11-14-2011 Guru Jonnywg UPDATE: THE REPORT FROM THE BANK IS IN AND ALL 135 CURRENCIES ARE STILL UPDATING AND UPLOADING - VALUES AT $00.0000. NOT WHAT WE WANT BUT WE ARE STILL UPLOADING. WE WAIT UNTIL 10 AM CST.
11-14-2011 Guru SteveI There has been so many huge news events over the past two weeks, that one can only anticipate something will happen very soon. It will happen when we all least expect it. every day...I get more excited about the future of Iraq and our investment ...just live each day to its fullest and let this happen.
11-14-2011 Guru Freeway Bill This thing is getting me antsy...would just like someone to just come out and verify the exact time and rate, but that isn't going to happen until it happens...This RV is a sly fox and has to be watched constantly. Different intel from all over the place and everyone saying the same thing. Fat Lady is warming up!
11-14-2011 Guru Jonnywg there is nothing more that i can say...the contractors have to be paid in rv'd currency as does the govt employees, the usd is no longer legal, CHINA has agreed to fiscal terms, italian PM stepped down...i will be hard pressed to comment if this does not procceed...everything is in place...we await the postings.
11-14-2011 Guru Bulldog75 BANKS ARE VERY VERY VERY READY RIGHT NOW! THEY ARE HOLDING WAITING FOR ENTIRE SYSTEM TO SYNCHRONIZE AND ALIGN. THE QUESTION IS WHEN AND WE ARE THAT CLOSE. THE RATE CAN COME QUICKLY THRU : CBI, BIS, IMF, W BANKS, UST. IT APPEARS THE TIME IS SO NEAR AND SO CLOSE AT HAND FOR THIS TO DOMINO.
Ssmith- GURU HUNTER
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Join date : 2012-04-10
Re: 11/14/2011 - Four Years Ago in Dinarland
And the beat goes on and on and on and on and on, Yet people STILL believe this malarkey and in the silly "RV" myth that these very gurus invented!
Why can't people think back and ask themselves seriously, "where did we first hear of this "RV" anyway? WHO first told people the Dinar was going to "RV"?
HINT, It certainly wasn't Iraq they would never say such a thing nor was it from ANY credible financial expert or institution, so WHO? People continue to laugh at the gurus' lies while still believing the biggest lie they ever told!
Why can't people think back and ask themselves seriously, "where did we first hear of this "RV" anyway? WHO first told people the Dinar was going to "RV"?
HINT, It certainly wasn't Iraq they would never say such a thing nor was it from ANY credible financial expert or institution, so WHO? People continue to laugh at the gurus' lies while still believing the biggest lie they ever told!
dwm007- VIP Member
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Re: 11/14/2011 - Four Years Ago in Dinarland
MY HUSBAND HEARD IT WHILE HE WAS WORKING IN iraq from a A VERY HIGH SOURCE ....!l!almost 12 years ago! I CALL THAT A GOOD SOURCE!...SO THERE YOU GO!!!!HE NEVER HAD A DOUGHT... BECAUSE WE WERE EDUCATED IN THIS INVESTMENT...!!!!WE KNEW BACK THEN WE HAD TO WAIT FOR AT LEAST 10 YEARS THAT WAS THE PLAN...THE TIME CHANGED.. I DO BELIEVE BUT, I FOR ONE CANNOT DENY ..WHAT WE PERSONAL Y WERE PERVY TOO ...THIS WAS TO BE A BLESSING FOR THOSE WHO SERVED IN IRAQ AS WELL AS THE IRAQ PEOPLE..UNTIL IT BECAME A CIRCUS FULL OF CLOWNS!!.......
TO WICH I QUESTION IF THEY EVEN DESRERVE THE BLESSING OF SUCH GOOD FORTUNE>>BUT I AM NOT THE ONE WHO DECIDES ONLY GOD WILL!!...PS---I DID NOT EVEN PARTICIPATE IN THESE DINAR SITES EVEN THOUGH IVE HAD DINAR SINCE 12 YEARS AGO .jUST RECNTLY OVER THE LAST 3 YEARS HAVE I BECAUSE OF THE WORDS OF DR.SHABIBI!
Besides anyone with a belief system such as yours must not have been in God's plan to begin with!.....SORRY IF YOU SOLD THEM!!...DONT BE SO BITTER!
TO WICH I QUESTION IF THEY EVEN DESRERVE THE BLESSING OF SUCH GOOD FORTUNE>>BUT I AM NOT THE ONE WHO DECIDES ONLY GOD WILL!!...PS---I DID NOT EVEN PARTICIPATE IN THESE DINAR SITES EVEN THOUGH IVE HAD DINAR SINCE 12 YEARS AGO .jUST RECNTLY OVER THE LAST 3 YEARS HAVE I BECAUSE OF THE WORDS OF DR.SHABIBI!
Besides anyone with a belief system such as yours must not have been in God's plan to begin with!.....SORRY IF YOU SOLD THEM!!...DONT BE SO BITTER!
GypZ- VIP Member
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Re: 11/14/2011 - Four Years Ago in Dinarland
Curious as to who the "very high source" is that told your husband about Iraq's 10+ year plan for their currency. What line of work was your husband involved in? Perhaps a professor of economics? Seems like a rather detailed conversation to have with someone who doesn't have a good working background in economics/finance.
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Ssmith- GURU HUNTER
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Join date : 2012-04-10
Re: 11/14/2011 - Four Years Ago in Dinarland
What???-----..Economics professors by the way ARE not the only people who have had known of this plan. !Go read our PRESIDENTS PLAN ..YOU know ,,,,,GEORGE BUSCH OUR FORMER PRESIDENT READ AL ABOUT IT.......P.S WHAT MY HUSBAND DID IN IRAQ IS NOT OF IMPORTANCE EITHER ..i PERSONALLY DONT CARE WHAT YOU DO WITH YOUR MONEY...I AM WATCHING THIS CLOSELY NOW AND I WONT LET PEOPLE LIKE YOU WASTE MY TIME SORRY ..Do whatever you want >>YOU ONLY LIVE ONCE !!!SOON ENOUGH IT WILL BE OVER ..EVERYTHING COMES TO A END
GypZ- VIP Member
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Re: 11/14/2011 - Four Years Ago in Dinarland
I'm not familiar with a President Busch. There is a Busch beer, but I don't care for it. Oh, I know. You must be referring to President Bush. I didn't know he had a plan for Iraq's currency reform.
As far as your husband is concerned. His education does enter into this. Currencies can be rather complicated for people without knowledge in that arena to understand. Let's say your husband is very talented in the area of mechanics. That doesn't mean he understands the difference between micro and macro economics. Perhaps he misunderstood what the "high level person" told him. Who is that person anyway?
As far as your husband is concerned. His education does enter into this. Currencies can be rather complicated for people without knowledge in that arena to understand. Let's say your husband is very talented in the area of mechanics. That doesn't mean he understands the difference between micro and macro economics. Perhaps he misunderstood what the "high level person" told him. Who is that person anyway?
Ssmith- GURU HUNTER
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Join date : 2012-04-10
Re: 11/14/2011 - Four Years Ago in Dinarland
Gypz, it definitely started in Iraq no question there, but as a rumor that as the U.S. helped Iraq build it's democracy then their economy would boom so the currency would increase in value making it a sure-fire investment, the big $3+ "RV" started when soldiers and contractors returned and told their friends and relatives who wanted in on this mythical windfall, the gurus took it and ran with it coining the big "RV" myth.
MANY things wrong with that however, first a booming economy does not mean a currency will increase in value, currency is not stock and it simply don't work that way! Look at South Korea, they came from a stone-age economy to a booming industrialized nation in less than 50 years but guess what? Their currency has remained almost identical to Iraq's at about 1180 to 1!
Consider this, Iraq's Dinar lost value due to runaway inflation BEFORE the war, that's fact and is a matter of record you can easily look up! It went from well over $3 per Dinar to the the 1166 Dinars to the Dollar it is today because of the Iraqis printing and spending money they didn't have, THAT'S what inflation is! So they spent themselves into that rate (there's no question about that, again it's a matter of record) the value plummeted as the numbers of Dinar in existence went up to the current money supply of 91+ TRILLION Dinar from the few billion it was when the Dinar was worth $3, the bottom line is the Dinar fell in value at a rate corresponding to the numbers in existence that went up due to overspending/printing! The more of them there are the less they are worth, it's simple economics that ALL countries have to go by!
Now the gurus have people thinking that Iraq can just somehow declare the Dinar to be worth that $3+ again but what about all that Dinar they printed? Do you think they can somehow UN-spend it? They can't just "suck" it in like the lying gurus are telling people, they have to pay at least a Dollar for every 1166 Dinar they "suck in" which depletes the reserves at the same rate so they would gain NOTHING? With 91 plus TRILLION Dinar to back (Directly from the CBI's own records and monitored by the IMF, etc,) they would have to have a worth of over 270 TRILLION DOLLARS in order to make the current Dinar worth $3, that's over SIX TIMES THE WEALTH OF THE ENTIRE PLANET!!!!!
That's why it is simply IMPOSSIBLE no matter who told you or where you heard it that is just NOT GOING TO HAPPEN, EVER, and no rational person would believe such a thing. The only way Iraq can ever get the rate back to $3 is to do what has happened over 60 times in the last 80 or so years by other countries and just scrap the old currency by trading for a new one with the new rate, ONLY THE NEW CURRENCY CAN HAVE THE NEW VALUE! THAT'S how these things are done because that's the only way it can be done! It's called a redenomination, revaluation or deleting the zeros (LOP), they are all one and the same in this case but make no mistake that's the only possible way to deal with that enormous money supply and is exactly what Iraq has been saying they intend to do'
That's the economic impossibility let's look at some math,
When Iraq had a Dinar worth $3+ they had almost the same reserves that they do now at about 75 Billion Dollars in foreign currencies BUT they had a money supply of around 25 BILLION (not TRILLIONS) Dinars, they had about three times as much in Dollars as they had Dinars to back (just as Kuwait has today and that's exactly why their Dinar is worth over $3!). So with three times as many Dollars as Dinars to back that 25 Billion Dinars at $3 per Dinar was the 75 Billion Dollars they had in their reserves (3x25=75)
Contrast that to today, instead of 25 BILLION Dinars spread around they now have 91 TRILLION due to massive over-printing during the Saddam era when they were broke from sanctions and the Iran/Iraq war. Now they have about the same amount in foreign reserves BUT more than three thousand times as much Dinar to back! The point is they can have a high Dinar value but low numbers in existence or they can have a low value with high numbers in existence but one times the other MUST approximate the reserves so they can't possibly have high value and high currency supply numbers at the same time.
One more point, Why do people think that the $3 rate translate into wealth in Iraq? In Iraq a Dinar is still a Dinar, think about it, was everyone filthy rich in Iraq when it was worth $3+? Of course not, they were dirt poor compared to most of the industrialized world so just getting the exchange rate back to three Dollars for them does not automatically mean wealth!
I know this was long and probably confusing, the confusion being due to my crude way of explaining things but let's discuss this, if you disagree with any of it than fine that's what a discussion/debate is all about and is how things come out into the open, ok?
Let's talk!
MANY things wrong with that however, first a booming economy does not mean a currency will increase in value, currency is not stock and it simply don't work that way! Look at South Korea, they came from a stone-age economy to a booming industrialized nation in less than 50 years but guess what? Their currency has remained almost identical to Iraq's at about 1180 to 1!
Consider this, Iraq's Dinar lost value due to runaway inflation BEFORE the war, that's fact and is a matter of record you can easily look up! It went from well over $3 per Dinar to the the 1166 Dinars to the Dollar it is today because of the Iraqis printing and spending money they didn't have, THAT'S what inflation is! So they spent themselves into that rate (there's no question about that, again it's a matter of record) the value plummeted as the numbers of Dinar in existence went up to the current money supply of 91+ TRILLION Dinar from the few billion it was when the Dinar was worth $3, the bottom line is the Dinar fell in value at a rate corresponding to the numbers in existence that went up due to overspending/printing! The more of them there are the less they are worth, it's simple economics that ALL countries have to go by!
Now the gurus have people thinking that Iraq can just somehow declare the Dinar to be worth that $3+ again but what about all that Dinar they printed? Do you think they can somehow UN-spend it? They can't just "suck" it in like the lying gurus are telling people, they have to pay at least a Dollar for every 1166 Dinar they "suck in" which depletes the reserves at the same rate so they would gain NOTHING? With 91 plus TRILLION Dinar to back (Directly from the CBI's own records and monitored by the IMF, etc,) they would have to have a worth of over 270 TRILLION DOLLARS in order to make the current Dinar worth $3, that's over SIX TIMES THE WEALTH OF THE ENTIRE PLANET!!!!!
That's why it is simply IMPOSSIBLE no matter who told you or where you heard it that is just NOT GOING TO HAPPEN, EVER, and no rational person would believe such a thing. The only way Iraq can ever get the rate back to $3 is to do what has happened over 60 times in the last 80 or so years by other countries and just scrap the old currency by trading for a new one with the new rate, ONLY THE NEW CURRENCY CAN HAVE THE NEW VALUE! THAT'S how these things are done because that's the only way it can be done! It's called a redenomination, revaluation or deleting the zeros (LOP), they are all one and the same in this case but make no mistake that's the only possible way to deal with that enormous money supply and is exactly what Iraq has been saying they intend to do'
That's the economic impossibility let's look at some math,
When Iraq had a Dinar worth $3+ they had almost the same reserves that they do now at about 75 Billion Dollars in foreign currencies BUT they had a money supply of around 25 BILLION (not TRILLIONS) Dinars, they had about three times as much in Dollars as they had Dinars to back (just as Kuwait has today and that's exactly why their Dinar is worth over $3!). So with three times as many Dollars as Dinars to back that 25 Billion Dinars at $3 per Dinar was the 75 Billion Dollars they had in their reserves (3x25=75)
Contrast that to today, instead of 25 BILLION Dinars spread around they now have 91 TRILLION due to massive over-printing during the Saddam era when they were broke from sanctions and the Iran/Iraq war. Now they have about the same amount in foreign reserves BUT more than three thousand times as much Dinar to back! The point is they can have a high Dinar value but low numbers in existence or they can have a low value with high numbers in existence but one times the other MUST approximate the reserves so they can't possibly have high value and high currency supply numbers at the same time.
One more point, Why do people think that the $3 rate translate into wealth in Iraq? In Iraq a Dinar is still a Dinar, think about it, was everyone filthy rich in Iraq when it was worth $3+? Of course not, they were dirt poor compared to most of the industrialized world so just getting the exchange rate back to three Dollars for them does not automatically mean wealth!
I know this was long and probably confusing, the confusion being due to my crude way of explaining things but let's discuss this, if you disagree with any of it than fine that's what a discussion/debate is all about and is how things come out into the open, ok?
Let's talk!
dwm007- VIP Member
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Re: 11/14/2011 - Four Years Ago in Dinarland
Ah the mythical Bush plan again! The gurus did a good job of getting that one across! 13303 again maybe? Not one thing Bush ever said or any thing on record has anything to to do with people buying currency and holding onto it! There are several items linked to business investment in Iraq, such as the oil industry, etc but not one single thing pertaining to currency speculators, not one!
dwm007- VIP Member
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Join date : 2015-08-05
Re: 11/14/2011 - Four Years Ago in Dinarland
GypZ wrote:MY HUSBAND HEARD IT WHILE HE WAS WORKING IN iraq from a A VERY HIGH SOURCE ....!l!almost 12 years ago! I CALL THAT A GOOD SOURCE!...SO THERE YOU GO!!!!HE NEVER HAD A DOUGHT... BECAUSE WE WERE EDUCATED IN THIS INVESTMENT...!!!!WE KNEW BACK THEN WE HAD TO WAIT FOR AT LEAST 10 YEARS THAT WAS THE PLAN...THE TIME CHANGED.. I DO BELIEVE BUT, I FOR ONE CANNOT DENY ..WHAT WE PERSONAL Y WERE PERVY TOO ...THIS WAS TO BE A BLESSING FOR THOSE WHO SERVED IN IRAQ AS WELL AS THE IRAQ PEOPLE..UNTIL IT BECAME A CIRCUS FULL OF CLOWNS!!.......
TO WICH I QUESTION IF THEY EVEN DESRERVE THE BLESSING OF SUCH GOOD FORTUNE>>BUT I AM NOT THE ONE WHO DECIDES ONLY GOD WILL!!...PS---I DID NOT EVEN PARTICIPATE IN THESE DINAR SITES EVEN THOUGH IVE HAD DINAR SINCE 12 YEARS AGO .jUST RECNTLY OVER THE LAST 3 YEARS HAVE I BECAUSE OF THE WORDS OF DR.SHABIBI!
Besides anyone with a belief system such as yours must not have been in God's plan to begin with!.....SORRY IF YOU SOLD THEM!!...DONT BE SO BITTER!
I see "the Blessing" and "God's Will" again but as one believer in God to another I must ask you to think about what it is you are saying! If God wants to bless you and others with monetary wealth there are limitless numbers of ways for him to do that so I ask you WHY IRAQ?
Why would God bless you with wealth by first making an anti-Christian Muslim country fabulously wealthy and then give you their left-overs? Why would God bless that war torn anti-Christian bunch of muslims with more wealth than those "deserving of the blessing"?
I just don't understand how someone can invoke "Gods Plan" in this when the "plan" would mean first giving the bulk of the wealth to a bunch of anti-Christian muslims first! Please explain that!
Think about what it is you're saying when you bring God into this!
dwm007- VIP Member
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Join date : 2015-08-05
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