4/20/2011 - FIVE YEARS AGO In DINARLAND

by **Ssmith** Wed Apr 20, 2016 11:04 am

Guru Studley: I don’t think there is going to be a huge delay, there are too many countries and organizations that need this to happen, Shabibi is forcing this RV, I believe we are very close, waiting for Maliki, either voluntary, or forced, be patient…

well here goes... lots of intel last couple of days... most of it has been debunked... however, I got word that the US, China, IMF, WB are forcing this RV... and Maliki and Iran, and some other big players are holding it up.Maliki has been scrambling for his life because he knows he can't win, he is working out a golden parachute, and try and survive... the WB and IMF have given him a deadline otherwise they are going to bring him up on charges of corruption... he has two choices... rv, or we will remove u from power, then rv... some of the intel is too hot... cannot reveal... understand the power struggle that I talked about is still ongoing... Maliki is on a very short leash.... My source at the BIS is waiting for the final go ahead, and Maliki might be removed IMO in order for this RV to take place... don't forget what Alawi said.... if he was in power, the GOI would be seated, and the currency would be RVd within 48 hours... Shabibi is trying along with the US, China, and WB, and IMF to force the RV.

Guru OkieOilMan: good afternoon america and ships at sea and all our world wide friends. I will make a short post in sound bite portions--continuity will not be evident.--well i have learned 3 things (personally) this past month.--never take a bath in toxic chemicals--never fly thru power lines and never drive faster that your guardian angel can fly.--now to the issue at hand, shabbi back to switzerland at the bis. The imf is at the end of its patience with iraq. Maliki hanging on by his fingernails--allawi concealed plan up to now is becoming transparent--the ministeral seats has no effect on the r/v. All agreed on factors that has stalled the r/v are no longer of concern or relevance.-the imf has given final warning to maliki to r/v or they will take matters into their own hands--extreme (extreme) currency shortage in iraq to transact normal day to day business. The chamber of commerce meeting in usa was a political embarassment to shabbi. He was unaware of the knowledge the american's (average) had regarding the goi or the cbi and was stymed by questioneers. Shabbi insisting on the r/v regardless of maliki's agenda which entailed to some (unknown) extent the iranian influence. Iraq is now in the position of being bound to previous contracts that will not be honored unless their currency is of reconizable value. Protests are projected to rise in intensity more frequent than past peaceful protests were. The smart (visa) cards as yet to date has not been loaded but intel states this will happen this week. If so--then there is your r/v because of budget being visable. Lot's of info to decypher if you consider all factors stated. I was told again this is the week for the r/v to occur--if it doesn't--murphy's law (i thought i had killed him yesterday) would intervene. Forgive bluntness of post but superflous language doesn't cut it anymore. Iraq has it's back to the wall--it is now time to stand and produce--god bless each of you and thank you for your prayers. If you happen to see a beat up angel--send him home to me-he's tired….

ALL AGREED ON FACTORS THAT HAS STALLED THE R/V ARE NO LONGER OF CONCERN OR RELEVANCE.-THE IMF HAS GIVEN FINAL WARNING TO MALIKI TO R/V OR THEY WILL TAKE MATTERS INTO THEIR OWN HANDS-THE CHAMBER OF COMMERCE MEETING IN USA WAS A POLITICAL EMBARASSMENT TO SHABBI. I WAS TOLD AGAIN THIS IS THE WEEK FOR THE R/V TO OCCUR.

Guru Checkmate Dan: I'm not much of a follower unless someone can prove it to me. I still believe there is a strong possibility for Thursday night going into Friday.

Guru lgtennis: we can have that memorable day tmorrow. if not then this should be our last weekend of waiting

Guru DinarDaddy: LOVED Shab’s unauthorized conference in DC today...he was caught off guard and stumbled over his words and thoughts… he wasn’t making sense and rambled… these are signs of someone who is LYING!!! or at least, trying to carefully pick his words about something he doesn’t want to talk about. It appeared he was trying his best to say what he’s been TOLD to say...my thoughts short-term [for RV] (i have long-term thoughts too [3 years away]) are more centered around May-July than April, but I hope I’m underestimating how close we are

Guru Enorrste: I tend to agree with Bluwolf that it will come out in the $4 range, then rise to something around $6, and within months (3-6) go as high as $10, or more

Guru TNT Tony: Iraq offered citizens 1.20 for every 1 dinar they own in larger denoms. For example if they had 1000 IQD they were given 1200 IQD in lower denoms....this was all last week Tuesday through Friday...LD's are being pulled from Iraqi streets.

Guru Med: I THINK THAT THE ISSUE OF THE RV IS SETTLED AND THAT SHABS WAS GIVING A STATEMENT THAT THEY ARE DOING THEIR PART. IF HE WERE TO JUST PUT THE NEW DENOMS OUT AT 1180, WHICH IS THE VALUE NOW IN IRAQ
THEY WOULDN’T HAVE 30 TRILLION, THEY WOULD HAVE A GAZILLION AND HE WAS NEVER ASKED. THE RIGHT ? THE ? SHOULD HAVE BEEN ABOUT THE RAISING OF ZERO’S BECAUSE NO ARTICLE THAT CAME FROM CBI IN THE LAST WEEK EVER ONCE SAID REDENOMINATION, WHICH IS A DEVALUING OF A CURRENCY. THE GUY SEEMED AFRAID TO SAY IT. THERE ARE REPORTS
HE SAID, NO THERE WEREN’T JUST REPORTS. THEY SAID THEY WANT TO INCREASE PURCHASING POWER AND I THINK THAT WAS THE PROBLEM. HE WAS TRYING TO FIND THE WORDS IN ENGLISH AND SEEMED TO STUMBLE A BIT
BUT WAS VERY GENUINE.

Guru Nighthk11: The RV is done and signed off on by all parties concerned. But make no mistake- the RV will move forward with or without Maliki. Shabs indicated that “all work on deletion of the zeros is completed”- to me this meaning is they have reduced the 70% liquidity they believed they needed inside Iraq to trigger the RV. The “Golden Dinar” rate they want to go back to was between $2.85 and $3.22. Now $3.22 was what Saddam’s inner circle was getting inside Iraq- the $2.85 was for the people. This is lining up at this point for the RV much sooner than later- everyone must understand the vast significance of this action and it’s impact on the world stage- there is no one man or small group of people that will be allowed to stop this. RV will be this month within 10 days one way or the other.

Guru Adam Montana: you will know that lately it is almost impossible to determine the exact amount of currency in circulation. inside reports, from what I am being told, show that the amount is down from 27 trillion (estimated) to a number near less than 20. 80% of Iraq’s oil is undiscovered,
in other words... we really have no idea how RICH Iraq is.

a lop removes the zeros, so a 25000 is worth 25. And your neighbor's bank account doesn't add to yours. So even though a lop doesn't make sense, for Iraq, it would mean a break even investment.

Iraq is VERY likely to come out low. they then buy dinar at a low price, sell it at a little higher price. buy it back as people sell it and keep selling it as it goes up. they can make a TON doing that. we have to keep an eye on the stability of the currency. if we think something is going wrong in Iraq, I would suggest selling it all and taking any profit possible! but if things are stable and continue to rise, then absolutely keep as much as possible and cash in at a higher rate.

Guru Bluwolf: Look just for the record all rates from all countrys have loaded and locked and only the hand of God could change them,hope that y understand nuff said. People pls just be patient.

Guru Longfellow: Meeting just let out. Things went very well. IMF said it would give them an answer by Friday. Shabibi was very adament that they be allowed to more forward with a managed float. What worries me is what has got Shabibi all fired up and concerned all of a sudden. He has always been very cautious and steady and now he's running from country to country asking for help. Anyway, the overall consensus was that they will be allowed to move forward. After all Kuwait was no where close to where Iraq is when they RV'd and they came in at 3.47. So come on already. My buddy overheard his boss reporting to someone in Iraq that the lower rate was from 1.86 to 2.86 but would jump as soon as Iraq proved it had a full functioning GOI. I should have more from my DC contact tonight so I will let you know if anything else comes up. Go Big or Go Home, GO RV!

Guru Poppy2: Dr Shabibi yesterday said everything he could say except I am rv'ing today to let us know the process and the fact that we are doing this, so get ready without coming out and just flat stating it. Think rich friends he would have nothing to gain by addressing the national chamber and trying to encourage investments in Iraq without he was convincing them of the impending increase in the value of their currency because no one would go there and invest for a worthless currency . The gig is up. He is pushing the process and knows this is the very survival of their people and their country.

I am not expecting any delays. I do not think a minister is a hold it up because Dr Shabibi has rv'd before without a seated goi . Now I think he would be much more comfortable doing it with the support of Maliki and a seated goi, but that isn't the hold up from my perspective.

China has now agreed to rv along with the rest of the 100 plus currencies. All this is great news and the large basket could be released at any moment. Keep your smiles on and get your plan together. The baby is coming home.

Story: I just received a call from a friend that is also an investor. He is new to this and has been invested less than a week. I have been trying to bring him up to speed, as it were. He just called and said he spoke with his older brother, who is from Mississippi as well. His brother left 1 month ago as a contractor in Dubai. My friend told his brother about investing in the New IQD. For lack of words his brother(contractor) flipped out and asked why that money is Illegal. He said what??? His brother said that money is illegal!! This is what the contractor is being told over there. He also advised that his brother said that people were sneaking gold out of the country. IMHO I told my friend that his brother was being mis-informed and that I take his words to be a good sign. Call it Propaganda, Smoke and mirrors, or IMHO a good sign that Iraq doesn't want to advertise this whole deal. As far as the gold statement, again I feel once rv happens gold will take a drastic dive in price. His brother did confirm that construction was everywhere and it seemed to be the sky's the limit on making money over there right now. He was being paid in USD. I had to let my friend go due to work, for now, but if anymore info comes from him on his brother being brainwashed over there I will let you know.

Bash if you like, It is in the rumors section and I am not a pumper. I'm Just another DINAR Squirel trying to get a nut!!!! GO RV

Guru Ernorrste: Debunking another Naysayer
Wayne Askew of DinarVets has taken the time and effort to present his case that the IQD will in no way RV period, let alone to anything over $3.00. I have copied his entire post below for those who want to get the full flavor of his masterful presentation. Afterwards, I will address the pertinent facts to show that his reasoning suffers from a fatal flaw from the very beginning.

Read this from dinarvets:

How’s this for proof. If the IRD RV to just $1, there are 27 trillion of them in circulation. So that means CBI has to have $27 Trilliion to cover that value. Currently the hard currency reserves of the CBI are about $50 billion. So, just to reval to a dollar, they’re missing $26,950 Billion dollars. If you go to the other end of the scale, $6 RV, the number is $162 trillion, which is more money than actually exists on the planet.

In fact, recent changes in how the CBI is run make it more likely that it could run out of money.. http://www.iraq-busi…e-central-bank/

The RV is fairy tale, sold and told to you by the companies selling dinars. If it really was gonna RV any day now, why would ANY of these companies be willing to sell ANY of them? If the $6 RV happened tomorrow, a company like Dinar Trade would have enough in the cash drawer to be a G8 country. Quit dreaming, there is no RV coming.

I won’t say anything about your typos, this is an internet forum, not a graded paper. I will point out your lack of any backing information to support your position. I provided a link to an official statement from the CBI that firmly establishes that they have foreign currency reserves of ~$50 billion. It’s an incontrovertible fact that whatever the IQD RV to, the CBI will need to have most, if not all of the total amount it revals for, in hard currency, available to redeem any dinars that speculators, investors etc.. would want to convert to dollars or euros etc.. I just want to know where that money is. They have $50 billion and are worried that they may have to recapitalize the bank, so how are you going to get paid if they RV? There isn’t enough money in existence to redeem all the dinars issued @ a little less than $3, so can you explain the realistic scenario under which ALL THE WORLD’S WEALTH will suddenly become available to the CBI?

If you got a masters in Econ and can’t do the maths to show if they sell every drop of that oil it still leaves them, umm, $17 trillion short, send it back and see if they’ll give you a refund.

Iraq export revenue in March was $4.35 billion, so they could, at that level, support a dinar for a dollar with 517 years worth of oil revenue, provided of course that they spent every penny of it on backing their currency, and not bother with things like an elecrical grid that works more than a few days a week, or any infrastructure, expense of government, build roads or anything like that. (source fopr revenue figures)
http://www.jihadwatc…ad-attacks.html

I know, I know, the revenue is down, when they get everything up and no insurgents and such, it would DOUBLE! Fine, so you only have to devote 208 years of eveery penny of revenue to paying off dinar speculators…. Think you can increase the sales so much that you can RV the dinar and not take a few centuries to do it? Well, you’ll have to see if the UFO people need gas on their planet, because the total world market in oil is 73 million barrels per day. That the whole planet. That’s 26.37 billion barrels a year, or @ 100 a barrel, $2.6 trillion. You could fund that $1 per dinar exchange rate in just 10 years, if Iraq was the only country to produce petroleum for those ten years, notwithstanding that they would run out of oil to sell in as little as 4 years, but even the most optimistic number of their reserves only gives them enough to produce that rate for 8 years. (link to global oil production figures, 1960-2009)
http://www.eia.doe.g…xt/ptb1105.html

people just don’t get the basic concept that for the dinar to revalue, the money has to be somewhere. Oil in the ground? It has to got to $2600 a barrel to support a dollar dinar. When you cash your dinars in, are you gonna accept it in dollars, euros or a barrel of oil. See above for the oil, the waiting line is 500 years. Want it on dollars, the amount the ICB needs is almost twice the entire GDP of the USA, and they have to have it in cash. And that’s just for it to be a dollar. Take all this alnd mulitpy by whatever number your guru is quoting today, and find where the money is gonna come from to pay it.

Read more: Link to Dinar Vets Post Thread
Wayne Askew
************************
OK, let me now address the serious error in this post.

Wayne begins by stating that there “are 27 trillion dinars in circulation.” If this were true, then the remainder of his thesis might hold water. However, this is patently NOT true.

What IS true is that there WERE 27 trillion dinars in circulation at one time, between the introduction of the dinars in 2003 and late last month, 2011. As I have shown elsewhere, since 2005 it was known by the Ministry of Finance and the Central Bank that this money supply would have to drop substantially in order to allow for an RV of the dinar.

In February of last year (2010) Mr. Saleh of the CBI was quite specific that the money supply was too large:

Central Bank adviser Muhammed Al Salih appeared to discuss the economic policy of the central bank for withdrawing cash from the local market due to the “inflation suffered by the money supply, which rose from 25 billion dinars in 1980 to 23 trillion dinars now. He said “it is important to reduce [the money supply],” noting that the process of lifting the zeroes is a “long-term policy adopted by the Iraqi government and the central bank, which will direct the project as soon as the development of the Iraqi economy warrants it, and that this may be this year or next and will probably require a longer time, depending mainly on the stability [of the economy] for the operation.”
http://ar.aswataliraq.info/?p=202726

Another article in the same month said roughly the same thing:

Salih said by the end of 2010 the new banknotes will be fully introduced while the old banknotes will be gradually removed from circulation. He did not specify when the new notes would be issued.

Both will be legal tender in Iraq until the old notes are completely withdrawn.

Salih added that in 1990 the value of banknotes in circulation was about 25 billion Iraqi dinars but is currently some 25 trillion dinars.

http://www.rferl.org...on/1950504.html

On April 14, just 5 days ago, Mr. Saleh made the following statement:

Iraq’s Central Bank announced on Tuesday that the project of Iraqi Dinar re-denomination consisting of removing three zeroes is close to completion….

In an earlier statement to Alsumaria News, Iraq’s central Bank adviser Mothahhar Mohammed Saleh affirmed that the bank plans to remove three zeroes from the Iraqi Dinar noting that the zeroes which were added to the Iraqi currency previously constituted a large money supply estimated at 27 trillion Iraqi Dinar.

http://iraqidinars.com/blog/

What happened, then during the year between February 2010 and April 2011? We now know the answer.

Mr. Shabibi, head of the CBI, announced as far back as July of 2010 that the process of removing the large denominated notes (“removal of the three zeros?”) was even then already 70% complete. Therefore from 27 trillion dinars in circulation, as far back as July of last year that number was down to 8.1 trillion dinars still remaining in circulation.

Now, as of this month, Mr. Saleh says that the process of removing the large denominations is “nearly complete.” What does this mean? Clearly they haven’t removed the large denominated notes from outside of Iraq, including the notes we hold. Therefore, his statement must be taken as referring to large notes WITHIN the country of Iraq.

Let’ assume that American investors hold about 3 trillion dinars, and lets assume that the US government and all other governments and people outside Iraq hold another 4 trillion dinars. This would mean that there would have been about 1.1 trillion dinars left in Iraq to draw into the CBI from July of 2010 until now. Saleh’s statement indicates that this process of removal is now “nearly complete.”

We know this to be true because there is literally no cash in the Iraqi economy at this time. This is nearly at a crisis point and the issuance of the smaller denominated notes (which, incidentally, were part of the original 27 trillion dinars printed in 2003) is about to begin which will correct this problem. Of course issuing the small notes without also revaluing the currency would fail. People would need a wheelbarrow of notes to fill their car with gas!

What about the remaining 7 trillion dinars floating around the world? How in the world could Iraq buy these back? According to Wayne, even if his number of 27 trillion dinars is reduced to 7 trillion dinars, there still isn’t enough money either in Iraq or elsewhere to pay back the investors, or is there?

The US, China, Britain, and France by far hold the majority of the outstanding dinars. An agreement was made with Iraq last year in which it was agreed by all four countries that none of them would attempt to “cash in” their dinars for a minimum of 6 months after the RV.

Of course Wayne might then say that this is only pushing the ball down the field and that it does not solve Iraq’s problem. If that were the whole story, he would be correct. However there is a second part to the story.

When these four countries finally begin to “cash in” their dinars they will do so for oil, not dollars, or pounds, or yuan. Oil is something that Iraq DOES have plenty of, literally trillions of dollars worth. Furthermore, it costs Iraq about $.57 per barrel to get that crude out of the ground. Therefore, effectively, given a current price of oil of $125 per barrel, Iraq will be buying back its dinars, $125 dollars worth at a time, for only $.57. It is clear that they can afford this.

How about all of our invested dinars? How will they pay US back when we cash in? The answer to this is also quite simple: our dinars go to the US Treasury and become a part of the pool of dinars that will be traded for oil beginning 6 months from now. It will actually be the US Treasury that will be cashing us in, not Iraq.

How can the US Treasury afford to do this? Again, the answer is simple. First, the transaction is purely electronic. The UST does not need to have trillions of dollars printed to cash us out. Second, and this is important for the health of our own economy, the US government has contracted to buy oil from Iraq, beginning in 6 months, at only $32 per barrel, not $125. Therefore, for every dinar that we turn in to the US Treasury, the federal government will quadruple the buying power of those dinars when converting them to oil.

Presumably the US government will then sell the oil to Chevron and others for $125 per barrel, keeping the gain in their own coffers, more than enough to offset the inflationary pressure from the initial cashing in of our dinars to the US Treasury,

Now we must address another key point that Wayne is mistaken about. This has to do with the amount of reserves that Iraq holds, and will hold, after the RV. He is correct that the current reserves are about $50 billion. However, what he fails to take into consideration is that there is at least that much more outside of Iraq held in banks around the world “in trust” awaiting the final disposition of the Chapter 7 issue with the UN. With the RV will come the final release of Iraq from Chapter 7. This will allow Iraq to reclaim its vast wealth from overseas banks, as well as ships moored outside Iraq for 20 years, and other assets.

The result will be that the reserves of Iraq will more than double.

Let’s assume that the reserves double to $100 billion.

Now, how will that compare to the new money supply of Iraq after the RV? Mr. Shabibi and Mr. Saleh are on record that they intended to bring the money supply back to the early 1980s level of 25 billion dinars. Mr. Saleh indicated 5 days ago that this processs is “nearly complete”, as I have quoted above.

Are the reserves worth $100 billion dinars sufficient to cover a money supply of only 25 billion dinars? Assuming we have an V at $3 per dinar, the money supply would be worth $75 billion. The reserves would cover the money supply by 125%, making Iraq the strongest currency in the world.

The US, incidentally, has reserves of about 10 cents for every outstanding dollar.

Now, in closing, let’s take this one step farther. Suppose, over the next 6 months, the dinar gains and gains in value until it reaches $12 per dinar. Can Iraq afford this? Let’s do the math again. With a money supply of 25 billion dinars, the “worth” in terms of dollars would be $300 billion (12 times 25). I have just shown that post RV the “worth” of the Iraqi reserves will rise to $100 billion. Therefore they would STILL have 66% coverage for their money supply in reserve, even at $12 per dinar.

I believe this is sufficient to show that Wayne’s analysis is quite flawed and that no one needs to be concerned about this RV. Everything is on plan, and imminent.

by **ReapAndSow73** Wed Apr 20, 2016 11:40 am

wow...Enorreste is CLUELESS. This dude has no idea how m1 money works...5 years later, CBI has issued over 90T IQD. Circulating money, as a statistic, is absolutely meaningless. M1 money, including digitized, is what matters. CBI, like every single fractionally-reserved bank on the planet, uses M1 in their liquidity data. 90T, folks. NINETY! 90T in IQD is the 2015 M1 figure. It's not billions. It's trillions, with a T. They continue to expand the monetary base, because they are in deep trouble, and they're doing what EVERY bank does - they're borrowing, and trying to paper over massive deficits, because they have unsustainable budgets with their problematic trade imbalances. They remain on the verge of sovereign insolvency, it has NOT improved. They cannot spike IQD 35000% overnight, it is a mathematical impossibility. They continue to have ISIS problems (do some research on who funds ISIS, and who, 'funds the funders'). Abadi is a puppet, as is Maliki. They are politically inept, and in financial ruin. But this schmoe thinks they'll have the richest country in the world, with the most valuable currency. Comical!

by **Sam I Am** Thu Apr 21, 2016 12:44 pm

Okay .... let's review. Studley died, unfortunately. Okie faded off into the West Oklahoma sunset a year or two ago. Dan Atkinson is still out there, although he's probably on pins and needles since Tony ratted on him and everybody else. lgtennis? never heard of him. Dinar Daddy (Roger Dorman) is pretty much focused on non-dinar stuff these days. His three year long term prediction didn't pan out. Oh, by the way Roger .... Shabibi was stumbling over his words because English isn't his native language, numbnuts! Enorrste ... as high as $10? LMAO! Steve "Enorrste" Norris is still out there bloviating with Kaperoni, but he's now talking about a float which isn't going to happen (not a free float anyway ... they're already doing a managed float). TNT Tony is in prison. Med is gone too, I think. Same for Nighthk11, who apparently never looked up the definition of "excess liquidity" when he read about them reducing it by 70%. James "Adam Montana" Wolf is still out there being a douche. Hey Adam, how do you know that 80% of their oil is undiscovered if it hasn't been discovered? What an idiot. Bluwolf ... dunno what happened to him, but apparently God stopped the RV back in 2011. Longfellow? Who's he? Poppy is still doing his "Jethro Bodine does the dinar" shtick, and his intel is still just as useless. Story was just another guru wannabe I guess. And finally, Enorrste again with a typical egocentric ignorant rant against an obviously informed DV member, confusing redenomination articles for evidence of a millionaire-generating RV, and also mistaking the 70% reduction in excess liquidity for a reduction in the money supply which is now higher than it was five years ago.

All in all an excellent example of dinar douchebaggery.

4/20/2011 - FIVE YEARS AGO In DINARLAND

4/20/2011 - FIVE YEARS AGO In DINARLAND

Re: 4/20/2011 - FIVE YEARS AGO In DINARLAND

Re: 4/20/2011 - FIVE YEARS AGO In DINARLAND