It’s the year 2022 already!
Yes, let’s talk real and honestly about the FACTS….what a novel idea for a change in this dinar RV investment community! Lol..lol..lol..lol.. 🙂
Common Questions Concerning the Iraqi Dinar Investment
I get so many questions from people who get confused over this Iraqi dinar investment. This confusion I can see now stems from idiots who spread rumors and don’t really know what the hell they are talking about. They are not serious about helping people understand and their real motive is NOT to help by instead to just to make a buck while we wait for the RV to happen. They have penetrated the dinar community with their intel calls, money making schemes and lies. So HONEST and FACTUAL intel is not their real priority anyway.
So I get disgusted every time I hear these kind of rumors like this one repeated from Frank26 conference call by Delta last night again.
I quote from Delta: “In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism. The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$. “
There is also these other idiots like TNT Tony, Bruce and many others. How many times have we heard of RV rates inside of Iraq of like $9. How foolish to repeat such nonsense even if you think your sources are reliable and trustworthy. Well…obviously they are not! So why keep repeating this nonsense then on you conference calls? This really bothers me too because these are supposed to be intelligent, grown up adults who can’t even determine the TRUTH after being in this intel business for over 10-15 years now. Shame, shame, shame on all of you!
So the goals of this White Paper today is to hopefully clarify many of the misconceptions, rumors and answer questions we all have in our minds about this investment. Remember this is all just from my research as I am not a financial analyst, a registered financial planner or attorney. I am only sharing the results from my own research on this subject matter.
Question: WHAT’S WRONG WITH DELTA’S STATEMENT? SO WHAT REALLY HAPPENED TO THE DINAR VALUE IN 2003 AND WHY?
This statement by Delta is simply not true and I really dislike this ongoing rumor. Maybe DELTA, Frank 26 (and others) should get off their asses and that damn BLUE COUCH and go do some research so they can speak to their listeners intelligently.
If you are going to invest in any stocks, funds or currency you should study it carefully first and know exactly why you are investing. Apparently Delta and Frank26 (and others) just bought into the rumors and like to repeat them without thinking about them intelligently. It is like a script all these gurus use and just repeat it over and over again. They copy from each other. They luv hype. They support and backup each others hype. But it is really true?
In fact, I did one of my Special Edition Newsletters on this topic specifically because I thought it was so important people should know the real TRUTH about this investment before they invest. It is in my FaceBook Page. I encourage everyone to go read it. It will open your eyes to many of the lies.
Link to my Special Edition: https://www.facebook.com/permalink.php?story_fbid=581917712143625&id=281127528889313
If you study the value of the Iraqi dinar and track the rate from the beginning of the 1991 Oil- For-Food-Program, when sanctions began after the first gulf war (Operation Desert Shield), you will see the gradual decline over a decade and then once the second gulf war (Operation Desert Storm) in 2003 happened, a wild swing to disastrous hyper-inflationary levels of the dinar. So, the release of the new 3 zero notes (50,000, 25,000, 10,000, 5,000, 1,000 categories) was done intentional but only through the Chapter VII sanctions. Then the sanctioned, torn apart, failed economy of Iraq, took its course and it was ready to explode. Sorry for all those poor Iraqis! So, it was NOT a sudden “1/10 cent decline in 2003, as said by Delta and every other intel guru, to prevent Sadaam Hussein from using the funds for terrorism”. Instead, it was to prevent a crash of their worn-torn economy and the dinar was already tanking due to sanctions.
The FACT is, it was the decade long sanctions (1991-2003) that tore apart the Iraqi economy but only gradually over the period of the sanctions. I believe the deep state did this to weaken Iraq since they already had ambitions to go in for a second time (2003). So there was a long-term thought out plot or conspiracy to manipulate the currency and everyone to cash-in on it later. This is all not just more guru talk and mumbo – jumbo and simply lies. What I don’t like it the FACTS get all confusing by these gurus. This leads to confusion on the part of the investor and over speculating.
So, after this decade long period of sanctions, then what happened? In October 2003 the IMF and coalition forces (along with the deep state) had to do something to save the dinar from a total collapse. The FACT is the 2003 invasion was already over in May and they didn’t launch the 3 zero notes until October. So don’t tell me they did this as part of the invasion or prior to the invasion to prevent Iraq from buying weapons used in terrorist activities. This is all lies and I am showing you the proof. Yes, undeniable proof! Oh…what a change from all the crap intel out there. This is all simply lies. Get it? Here is what really happened —> It was a post-invasion attempt to save the dinar from crashing. To save the Iraqi people. There are over 35 million Iraq people, don’t their lives matter?
The FACTS speak for themselves. Again, I say to everyone stay away from the hype and rumors and stick to the FACTS! So, in October they then issued these very large 3 zero notes because of the massive hyper-inflation. In the process they also got the Sadaam Hussein notes out of circulation (which are worthless today…by the way) something they had to do anyway. This was part of the process. But his was supposed to be temporary or provisional. In other words, not go beyond a few years.
So, I want to emphasize over and over again that the change in value was NOT a sudden triggered or rigged event by the cabal, as many claim. It took over a decade (12 years of sanctions to be exact). Yes, they did suddenly issue the new 3 zero notes, but the value was already at 1/10 of a cent due to hyper-inflation that already had occurred. get it? This is the important part to get. Get it now? The rate was not $3.22 in 2003 as many of the gurus say. Yes, maybe around $3.22 prior to 1990’s or in the 1980’s but certainly not when they launched these 3 zero notes. The notes were issues to SAVE the economy and then piggy back off that process for the deep state politicians to make billions off the corruption afterwards, which we are seeing playing out now in Iraq.
This measure was taken to SAVE the currency not DESTROY it. It was NOT done to prevent terrorism. In FACT if you look at the currency auctions and how they actually work it is very easy to forge documents to get money out of the CBI. The money is US dollars. US dollars are highly sought after by terrorists activities not dinars. Get it? yet more evidence these large notes were not issued to prevent terrorism. US dollars are universal currency in the world and is the major median of exchange world wide, not Iraqi dinars. So after 12 years of sanctions who the hell wanted dinars anyway. Not even the terrorists. They wanted US dollars and the currency auctions soon became a vehicle for obtaining them. So please, please don’t tell me they established the 3 zero notes and thus the currency auctions to prevent dinars from getting in the hands of the terrorists. In FACT it is the just the opposite and these auctions have been a means for massive corruption and funding terrorists through the years. It is time to end then and this would clean up a lot of the funding of ISIS and Iranian backed Kud terrorist forces in the area. This is why they got to go. This is what is funding the Iranian militias now centered in Iraq post ISIS war. Get it?
Question: SO HOW DO WE COME INTO THIS PICTURE THEN, AS INVESTORS?
We are only going to benefit from this process in that we know that these very large 3 zero notes are temporary ( I call these Article 14 notes ..lol ..lol..) and the notes would be someday replaced with more normalized lower denominations (I call these Article 8 notes …lol …lol… lol..) as found in the developed western countries. Once the CBI can control inflation and can stabilize the government and the economy, these 3 notes would be replaced. At least that was the plan put out by the G. W. Bush administration.
Most of these banking, financial and terrorism reforms are now all in place but not all enforced yet. The CBI is working on the transformation to new technologies such as POS (point of sale) and ATMs (Automated Teller Machines) for banking. The CBI is also working on helping the banks with finding other sources of revenue other than just from the sale of currency (such as from the currency auctions). This would include revenue from interests on loans, mortgages, fees, etc.. Other revenues for GOI also includes customs and tariffs, agriculture, tourism, etc. This has now all mostly happened or in the making, but not the replacing of the 3 zero notes. This brings us to the question as to why this “reinstatement” of the Iraqi dinar has not yet happened.
As investors we keep asking -What is the holdup? This replacement of currency (transition to the smaller category notes) is way overdue. They call this project the “project to delete the zeros”. They say Iraq needs political STABILITY and physical SECURITY first before they can complete the project. Some call it “currency reform”. It all the same thing.
But also importantly is the need for economic reforms, proxy reforms, political reforms and a program based transparencies and audits suitable for implementing these reforms. So these reforms will lead to the transition to the smaller category notes. Now common sense tells us that if they do this they will have to raise the rate of the dinar significantly. How else can they use these smaller category notes? As it is it takes a truck load of the three zero notes to buy a large ticket item in Iraq such as a car or house. Thus they can not raise the exchange rate unless they reinstate the dinar. When they do this the dinar will once again be globally traded and listed on the foreign currency exchanges.
This is when and only when we go to the bank!
How farther must they go with the reforms prior to the reinstatement? They told us they are done with the financial reforms but still need major overall of economic reforms. This is where the “White Paper” comes in. So, we do know they are done enough to release the dinar and reinstate it. Read my lips – REFORMS ARE DONE! So as a chartered member of the UN, member nations usually work under rules from Article 8 of the charter. Iraq is now working under Article 14 as they were subject to rules of Article 14 while under sanctions. Under Article 14 nations work with the IMF to develop and implement the needed reforms to revitalize their economies and structure after a war. But the sanctions (under Chapter VII) have all been lifted and Iraq taken off the EU terrorist watch list. The last of the war reparations have also been paid to Kuwait and Iraq released from this obligation by the UN recently.
Later when deemed reforms have taken hold under Article 14, they then move back to operate under Article 8 of the charter as most member nations do. Some say this has already occurred and this may be possible. Then the “reinstatement” of their currency back to normalization. This I believe is in the making and we are at the brink of this event.
If you have been reading my Mnt Goat Newsletters you will get the sense of the answers to these many questions as to why the dinar has not yet “reinstated”. I may not be perfect in my analysis, as I like the KISS principle (keep it simple Simon), but I am damned better than these idiot intel gurus. Remember this is an “ongoing RV saga” and will go on and on until the day the CBI pulls the trigger and the new rate appears on FOREX (dinar gets reinstated on the global exchanges).
The value of the Iraqi dinar is already apparent and is at least 1:1 (1 dinar equals 1 US dollar). This was determined years ago and actually published in government documents. However, we are not concerned about any rate in Iraq. We will be concerned about the rate given in FOREX for our country. We will NOT be traveling to Iraq to exchange our dinar. After the Basel III, IV and now V implementation, the value of the dinar could rise significantly and the nominal rate in the US could be much over $3.00 and may even reach way over $4.00. But this is speculation based on practical information. Remember also the plan is to put the dinar in an SDR basket with five other currencies and then float the rate based on averaging between these other currencies and the assets of Iraq. In one of my past newsletters, I talk about this process in detail.
Question: SOME GURUS ARE TELLING US ITS ALREADY TRADING AT THE BANKS AND WE ARE NOW JUST WAITING FOR THE RATE TO CHANGE.
Let me clarify this misleading statement made by one of these so called “kings of bullshit” and in particular I am talking about Tony and Ray Renfrow. The FACT is the banks sold the dinar for a very long time after it was ripped off of FOREX in 2003. They sold the dinar just like the online internet brokers and made lots of money doing it. There was no hype way back then that the dinar was already again international. So why now?
Then with the ISIS invasion of Iraq in 2013/2014 the banks were gently asked by the US Treasury to stop selling the currency. Some banks did and others did not. OFAC sanctions by the US treasury were still in place and many banks worked cautiously when selling the dinar. Actually, the internet online dealers got the very same request, but did not do it since they are not part of the FDIC and do not have to comply. So many of the banks totally changed their public attitude towards the dinar and did not want to be responsible or suspected of terrorism to Homeland Security for funneling money to the ISIS organization. This is why they stopped. They did not want the liability and so simply stopped selling the dinar. Is this so hard to understand?
Then about the end of 2017, when victory was declared over ISIS in Iraq, many banks once again decided to carry the dinar and buy and sell it. They simply picked up where they left off from 2003. This is NOT trading the dinar. To trade the dinar means to buy and sell on the open global markets once again. This is not any change to what they were doing prior. But the gurus really got excited when FOREX put a page out trending the dinar. Almost everyone of these idiots told you the dinar was now trading on FOREX. Really? This is NOT trading and is simply a graph. Also the Iraqi Stock Exchange (ISX) is trading in dinar and anyone can buy on the ISX so these gurus once stepped up and told everyone this was international. It is not in a real sense since while they were still in sanctions investors will not place the IQD in their customer’s portfolios or want the dinar in exchange for selling products to Iraq. So by no means is the IQD yet international. We also know that NASDAC put a link to the IQD on their site getting ready for activation of the link someday soon.
Maybe all these recent actions are good signs and FOREX is getting ready for something big, but not yet. BE CAREFUL OF OVER SPECULATION!
Since 2017, and even now, the banks are again buying and selling the dinar but only picking back up where they left off since before ISIS invasion in Iraq. They are not “trading” the dinar in any REAL sense of the meaning of this financial term. So, nothing has really changed and so now let’s not hype this all up just to make intel and rumors for our listeners so we can run our schemes.
Question: BUT IF THEY REPLACE THE 3 ZERO NOTES WON’T WHAT WE HOLD BE WORTHLESS?
Yes, they would be worth just want we paid for them, but only if they did just “replace” the 3 zero notes with the smaller category notes and did nothing else. However, the CBI told us these new smaller category notes would “coincide” with the larger 3 zero notes (we own). This is key to our investment. Also, the IMF laid out a VERY SPECIFIC future plan for the IQD as they told us they plan to set up an SDR basket and peg the dinar to this basket. Just because there have been many delays in their plan does not negate the plan. It is still in motion.
So when the CBI does reinstate the dinar, then would they just put a rate of about 83 cents (1200 program rate conversion) or 98 cents or even $1.00 out on FOREX then let the investors drive it up? But this is not going to be the case. Why? This is not the plan.
LOP: If they did have this in their plan, this would be called a “lop” which is a technical IMF term for restarting an economy fresh from a hyper-inflated situation including other strict inflationary measures to control the economy when the currency would be almost worthless. But inflation is under control and they are allowed a 2% inflation rate anyhow. They have been mostly in compliance since 2011. So this not the reason.
Also, remember before October of 2003, when they launched the large 3 zero notes, the dinar was NOT on a de-facto peg to the US Dollar. Just keep this in mind as I answer this question further.
However, a “lop” is not the plan and not going to be the case in Iraq since they report monthly that inflation is now under control and only at around about 2-4%. But there is yet more proof there will NOT be a “lop”. The real proof is the IMF thru the CBI itself has also directly told us they DO NOT intent to conduct a “lop” in Iraq but rather to “coincide” (not replace) the two sets of currencies (3 zero notes and the newer smaller category notes) for up to 10 years. Again read my lips – NO LOP! The operative word is “COINCIDE”.
The definition of coincide means to take place at the same time.
We are holding some of these 3 zero notes and so when the value is significantly increased in order to come back to the pre-gulf wars levels, these three zero notes along with the newer smaller category notes will all be legal currency of Iraq. Get it?
Inside of Iraq they have already given the citizens time to turn in their stashes of the 3 zero notes. The plan inside and outside of Iraq is to use the older 3 zero notes for inter-banking of very large transactions for international trade only while using the new smaller category tender (.25 cents, .50 cents, 1, 2, 5, 10, 50, 100, 200, 500, 1,000) on the streets for daily commerce.
Question: How can the notes we hold then be cancelled?
I don’t get it you tell me? There is absolutely NO indication this is going to be the case. Again, read my lips – OUR NOTES ARE REAL, VALID, LEGAL CURRENCY OF IRAQ AND WILL REMAIN THIS WAY FOR UPTO TEN YEARS or more after the reinstatement happens. So at the time of the reinstatement, we simply go to the bank and exchange our 3 zero notes for the currency of our own country (i.e. Canadian dollars, US dollars, Euros, etc). We make a prophet since the rate on FOREX is now higher than what we paid for them. Is that so hard to believe or understand?
Question: BUT THERE ARE SO MANY NOW INVESTED WITH THE DINAR. HOW CAN IRAQ AFFORD TO PAY FOR ALL THESE EXCHANGES?
Iraq will not pay for the currency exchanges as a normal exchange of currencies between nations. This is a hard concept for many to also grasp. So let me clarify and please listen carefully.
Instead the plan is to pay for the currency exchange through oil credits to be spent over the next 30 years. So Iraq does not have to fund anything with cash outlay upfront. In simple terms, the dinar we hold its value as it is backed by oil. Oil is going to pay for our exchanges. Gt it? The majority of the exchange money given to you will be electronic markers in your account backed by the oil credits. Oil is the collateral as if you walked into a bank and got a loan. The loan has to be backed up by something of value incase you defunct on the loan. Oil is that collateral.
In other words the banks do not have to fund the exchanges with cash, as many of the idiotic gurus are trying to make you believe. There is nothing to fund. Get it? The oil credits are like collateral for the US Treasury. Everything is done electronically in digits only.
Question: WE ARE TOLD WE CAN GET $7,000 – $10,000 CASH UPFRONT AFTER OUR EXCHANGE AND WALK OUT OF THE BANK THAT DAY WITH IT. So some cash by the banks is necessary…right?
This my dear friends is simply another guru lie. You know yourself there is no way the banks can fund such a ridiculous endeavor. Even in the exchange centers (special rooms in the back of the bank) they could not possibly hold this much cash on hand and would not be allowed to do it anyway. Did you even go to the bank and try to get even $5,000 in cash out of your own account? You will have to pre-order the money days in advance as the bank has to order the cash from the central bank. How in hell are the banks going to know how much money to order in expectation of what the customer will need in this case? You tell me because I don’t know. The banks will not take on this much liability by having millions of cash on hand especially after all these idiot gurus just told all the potential bank robbers what to look for. Get it? Are we all really that stupid to believe these rumors?
Question: ARE THESE CONTRACT RATES REAL?
Only countries that participated in the wars will benefit from oil credits (if they want to speculate and buy the oil futures-like credits), or unless they manage to buy them from a country that did. Such as with China and Vietnam so far. This is where these so called “contract” rates come from that you may be hearing about. These rates are very real. Can we get them as John Doe the general public? Yes, and this in part was the fight that took place with the US Treasury who only wanted to give these rates to the top politically connected elite and their families and friends. Since the oil is now selling for over $70/barrel we can expect these other countries to spend money for these credits at a locked in price, today kind of like buying oil futures. So the fact that the US government made long-term deals for oil credits with Iraq locked in at only $32/barrel, this give lots of room for negotiations in the rate the banks could be willing to give you. Some guru is telling everyone the contract rate is $28.50 across the board for everyone but may be limited based on how much you have to exchange. The reasoning is that the amount in the pool for the contract rate is limited and the US Treasury wants to spread the wealth around and not make some individuals super wealthy billionaires overnight. This part makes total sense to me and legally they can do it since it is all a special contract deal.
Question: BUT WE ARE GETTING MONEY CREDITED TO OUR ACCOUNTS AT THE BANK, SOMEONE HAS TO PAY FOR THIS UPFRONT EVEN THOUGH IT IS ELECTRONIC CREDITS. AGAIN WHO IS FUNDING THIS?
As I told you before the US Treasury is going to fund the preliminary exchanges to us and has set up a fund with the banks for this purpose. But in order for the banks to pay back this money to the US Treasury, they must turn in the dinar OR pay the Treasury back in cash from their own funds. So the electronic digits in our bank accounts is backed only by the dinar we handed in on our exchange. The exchangers can not add digits to your account unless they have coinciding dinar to balance with it. There will be strict accounting auditing practices taking place. There is a pre-established rate the US Treasury will the give the banks for the dinar turn-in and anything over that amount is pure gravy for the banks. So the banks really don’t need to charge us a spread even, but this is up to their own discretion.
The banks of course, can chose to hold on to as much of the dinar as they wish and trade it themselves later if the FOREX rate should rise, as expected. Or then pay back the US Treasury with part of the proceeds. It is a win-win for all the banks who chose to participate in the exchanges. The US Treasury has made it very difficult for them to lose money so all the banks will want a piece of the pie when the time comes. Trust me on this one….lol..lol..lol..
Question: HOW WILL THESE OIL CREDITS WORK?
First let me say that under normal circumstances, banks would NOT want to handle this much exchange of money from any risky middle eastern currency. Why would they with all the violence and instability. It would be way too risky. What the hell would they do with all this risky foreign currency anyway? The banks are out to make money not lose it. Right?
But these are not normal situations for the Iraqi dinar. When the time comes, the banks will gladly accept the Iraqi dinar because they know they can broker the currency back to the US Treasury with a spread (mark-up). Also the rate will then be on FOREX. Many of the politicians and families who already exchanged could have gotten nothing more than SKRs and not any cash. In other words their accounts are frozen until the rate is on FOREX and legal.
Once on FOREX, at that time it will also be trading on the global currency exchanges and it will be a very HOT item (at least that is the plan). The US Treasury will then take the dinar and transfer it over to the Iraqi CBI (maybe burn it), where credits for oil at current market prices is locked in under the speculation that oil prices will go up. Some say this lock-in rate is at $32/barrel? I am not certain at what rate but this sounds reasonable. Mostly we hear lots of rumors. But if this is true or not I know it is substantially below the projected market price over the next 30 years.
Example: You exchange your dinar and the banks gives you $3.65 a dinar. The banks sells it to the US treasury for $15.00 a dinar (profit $11.50). The US Treasury sells collected oil credits to oil companies for $25.00 (profit $10.00). If the market rate for oil is $70. The private oil company can then use the credit worth $32.00 to put towards the price of a barrel if oil now selling for $70.00. The oil company makes a profit of $7.00 a barrel before the oil even leaves the port in the middle east. Then the refine the oil into products and sell it for even more at the pump. This is ONLY a simple example for illustration purposes.
Incidentally all these stupid rumors about the US using this revenue to pay off the national debt are just that STUPID! There is absolutely NO WAY the USA could possibly exchange up to $23+ trillion in US Treasury reserves of dinar to pay off the entire national debt. So this too is just a wild, overly optimistic rumor, bent on getting people to purchase and hold on to the dinar. But let’s invest in it anyway but for all the right reasons. You have to stop buying into these stupid rumors and use your common sense.
Also I want to add that this same notion that the US paid off its entire or part of it’s national debt with the proceeds from the Kuwaiti dinar reinstatement, is simply not true. These kind of statements are more falsified guru talk. So what did happen?
I did a Special Report on my FB site to help clarify this too. Please read it on my FaceBook Pages. https://www.facebook.com/notes/latest-mnt-goat-news-letter/fact-or-fiction-kuwaiti-rv/668221536846575/
Question: BUT WHEN WE EXCHANGE, DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS IF NOT TRILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED. THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE USA AND OTHER COUNTRIES AFFORD ALL THIS?
Have you ever heard of “electronic banking”? Are listening to me? The US Treasury has funded the banks already to cover these projected amounts. This is why they are limiting the amount of cash you can get on the initial exchange day. There are massive profits to be made at all levels of the transfer of the dinar once it leaves your hands and it can boggle the mind to think about it. Your exchange it just the beginning of the pyramid of money to be made.
So let’s look at just how much money can be made off the reinstatement of the Iraqi dinar.
Level #1: First there was the money made on a spread when the online currency broker or bank sells the dinar to you.
Level #2: Second is the money you make, as the speculative investor, on the initial exchange at the bank. 1/10 of a cent IQD to $4.00+ USD
Level #3: Third, then the bank makes their spread with the US Treasury ($4.00+ – $32.00) or they can decide to hold on and trade it on the global currency markets i.e. FOREX.
Level #4: Forth, then the US Treasury (US govt) makes billions and billions off of brokering the oil credits to oil companies so they get the oil as discounted/fixed prices from Iraq. Since the US Govt is not in the oil business, they must sell these oil credits to companies that are.
Level #5: Fifth, some of the oil credits are already sold to other countries that did not participate in the gulf wars. This already helped beef up the gold reserves for the USA under Basil III, IV and V. It is win-win situation for all parties.
I am explaining this information to you today since I want you to truly know your investment and know there is so much money to be made in this process that this event MUST happen.
Question: WHAT IS TAKING SO LONG? OH – BUT HOW MANY TIMES MUST WE HEAR THIS. THEN ONCE AGAIN WE HAVE TO WAIT AND WAIT…. I AM GETTTING SO FRUSTRATED AND IMPATIENT.
If YOU are dumb enough to listen to all these speculative projected dates for the reinstatement that is you fault and the cause of YOUR frustrations. If you haven’t realized this by now, you are a fool. YOU want to end your frustrations? Then YOU simply buckle down and learn about YOUR investment instead of just searching for a date and a rate and relying on these idiot gurus to “spoon feed” you their crap.
If YOU want the kind of returns on your simple currency exchange of the dinar you are holding, then YOU will simply have to wait until Iraq is ready. It is that simple. So STOP your wining and complaining! Where else can you make this kind of money? Did someone tell you this was a “get rich quick” investment? Maybe this was your first mistake as to why you invested. Maybe this is an unfair expectation from the start?
Another part of the problem has been all these idiot intel gurus telling you everyday / any day that the RV is happening. Such idiots like Ray and Tony Renfrow, Frank26, Becky McGuire, and of course I can’t leave out Bruce on the “Big Stupid Call”. Then when it doesn’t happen you get frustrated and disappointed. Actually all this stuff is NOT FACTUAL and so you bring this frustration to yourself for being so foolish as to listen to these idiots. In other words it is all YOUR FAULT so don’t blame Iraq or get mad at the CBI.
The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news….But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again? I don’t know you tell me…
Question: I HEARD THERE IS SOME NESARA/GESARA GROUP OF PEOPLE WORKING TO BRING ABOUT A “NEW REPUBLIC”. THEY SAY THE GCR WILL BRING ABOUT THE RV WHEN THIS GROUP IS READY. IS THIS TRUE? IS THIS WHY WE WAIT?
I can assure everyone with 1000% accuracy that there is no such legitimate group and they have no influence over the Iraqi dinar and the timing of its reinstatement. There is no such thing as GCR and it is all just made up guru talk. There is however a global financial reset and this is NOT the GCR they like to refer to. The global reset is run by the IMF and is the BASEL initiatives where countries have been meeting in Basel Switzerland trying to define the new economies of the world and to figure out how to get there, without a collapse of the world’s financial structure. Will some currencies thus RV as a result? Sure some will revalue and many will devalue as a result. But there is no some magic trigger pulling and then hundreds of currencies all revalue or “reset” the global monetary structure. Then some magic group pops out of nowhere and saves the day with a “new republic”. Really? Believe me it will take much more that re-aligning all the currencies to resolve all the corruption in the US govt and other global governments. If in fact the IMF did do this, it could potentially even crash the system.
So let’s get the facts out about this group who claims to have the answer to save the world from the cabal. This NESARA/GESARA group of idiots is a sinister group of individuals who want this so called “new republic” under their control. Get it? It is a conspiracy to take over the US Gov’t. What’s wrong with the “old republic” ? They tell you it has to be replaced. Really? Why not just fix it? Why not just “drain the swamp” as the current Trump administration is working on doing? Why throw the baby out with the bath water? They tell you they want strict adherence to the Constitution but yet later they sneak it out that they have an entirely new Constitution to replace the old one. Really? Liars from the start. Are they going to have another “Constitutional Convention” as they did in 1787? The Constitutional Convention took place from May 14 to September 17, 1787, in Philadelphia, Pennsylvania. The point of the event was decide how America was going to be governed. Although the Convention had been officially called to revise the existing Articles of Confederation, many delegates had much bigger plans. So this has already been decided and there is no group that is going to replace you constitution with their own. These are TREASONOUS people and should be rounded up and prosecuted for the conspiracy against the US government and YOU!
These same idiots say that, when the time comes, they will just replace the entire government of officials and all will be utopia after that. Really? Didn’t the Russians go through this same political scenario and all the upheaval during their civil war of the Bolshevik revolution. Do you really want your country to have to suffer through yet another civil war? Where did this get them? oh – a communistic govt with the elite at the top taking the cream $$$ off society for their own benefit with TOTAL control over the population. So Replace the government? So who gets to chose the officials they claim they are going to replace. Will they hold a new election? Under what legal grounds do they have to do this? Oh – they tell they are justified just because the republic has gone so bad. It’s a “restart” of the government this time….lol … lol … Just like they claim there is going to be a global currency restart GCR to get this all started. Yeh …right! Really? They tell you this all has have already been decided decades ago. Really? Decades ago by whom? Yes, they have been conspiring against the American people for decades as to how to overthrow the existing government and replace it with their own version of communist government. This is their long term planning. Is this democracy? Oh- yes they sound nice with all their conference calls and things they tell you about with words like “transfer of wealth”, “med beds” and “humanitarian benefits” so on and so forth. It’s all going to be so wonderful! ….. lol ..lol .. lol…
Folks they are telling you just want you want to hear. This is all just BULLSHIT coming from BULLSHITTERS. Did you notice how they try to take responsibility for every event that takes place that suits they ideology, as if they really have some impact? We have seen these people on YOU TUBE with people like Cindy K Currier who took her own life due to mental illness. Today we see these idiots in conference calls springing up out of nowhere with people like Tank, Becky McGuire (mentally ill patient), Dr WC w/Willie Collins, Smarty (con artist) (Real Truth Call) Bruce (BigCall) and others. They are all idiots and I wish you never even had to ask such a question. It scares me that someone or anyone would even begin to believe all this bullshit enough to ask me if it is real.
Question: IF THERE IS A BUSINESS IN IRAQ THAT MADE LOANS PRIOR TO THE RV AT 1:1 AND THE LOAN WAS FOR A MILLION DINARS THEN HOW WOULD THEY PAY BACK THE MILLION DINARS AFTER THE RV? WOULD THEY HAVE TO PAY BACK ONLY 1,000 US DOLLARS TO THE BANK TO REPAY THE LOAN OR STILL OWE 1,000,000 DINARS?
They would have to repay the full 1,000,000 dinars regardless of what the RV came out at not the 1,000 after dropping the 3 zeros such as the lower denominations would reflect. They are not dropping any zeros from the loan amounts. I don’t know who is telling you this. Oh – but you might say this is wrong since the million dinar loan was technically worth only about 1,000 dollars in value to begin with prior to the RV. But now we are NOT talking about prior to the RV we are talking AFTER the RV, right? So a million dinars as 1:1 is now a million US dollars. Oh – but you say this is not fair? Yes, and this is why parliament passed a law years ago to the banks that a clause must be put in all of these loans for the “project to delete the 3 zeros”. The banks all know about the project and will clearly drop the 3 zeros off the loan amount based on the CBI project guidelines. But if their contract did not include this clause they might have legal problems that will resolved in the courts. I am sure when the date of the loan contract is shown and proved, the courts will decide in the favor of the plaintiff anyhow. So how many of these cases will the banks honor anyway without having to pay the expense of going to court as the defendant anyhow? Personally I do not see this as a major problem and I am saying this because I have been following this for over 12 years now and I read thousands of articles and truly tried to educate myself and not just cause chaos and hype in the dinar investment community.
Question: IN A HYPERINFLATED ECONOMY THE m2 HAS EXPANDED. THE ONLY WAY TO GET REID OF TEH SURPLUS OF PHYSICAL UNITES OF CURRENCY IS TO REDUCE THE FACE VALUE OF THE CURRENCY, IE DROPPING THE ZEROS OR TO REDENOMINATED WITH A NEW CURRENCY AND A LOWER EXCHAGNE RATE. IE 1,000 OLD INARS FOR A NEW DINAR. HELP ME UNDERSTAND IS THIS IS CORRECT?
First of all I want to tell you that the person who asked this question has not at all been following the process to delete the zeros. Secondly, the process to delete the zero includes measures to be undertaken to bring in nearly 2/3 of the circulated dinar out of circulation. This is an integral part of the project. Since 2012 this has been accomplished for the most part by the CBI. Remember when you decrease money supply you cause deflation, when you increase the supply of money you cause inflation. So we see now one tool the CBI has used to control inflation all these years and control it slowly, as they needed to withdraw the currency slowly. When inflation crept back in they simply withdrew more money. Now with NOT having to recirculate billions in payroll cash each month again and again, they finally can control this 2/3 and keep them reasonably out of circulation. Yes, using the ATMS will drive up more money back into circulation, but these will be the lower category notes and it will take many more of these notes to make the 1/3 remaining amount of the money supply that will remain. So they can afford to put back more notes (not total value amount) into circulation post-RV. Now when the rates goes up post-RV and finally settles down to the nominal rate, again they can put yet more of the notes into circulation and regulate them slowly as not to cause inflation. But his is slow and takes time.
Question: I SUSPECT FOR THE RV, IRAQ WILL HAVE TWO CURRENCIES LIKE YOU HAVE SUGGESTES BUT THAT THEY WILL BE EQUAL TO A VALUE IE 1 NEW DINAR OF LOWER CATEGORY = ONE 1,000 OLD 3 ZERO NOTE. CORRECT?
Ok so let me get one thing straight right off the bat. When the CBI says that the large 3 zero notes and lower category notes will “coincide in circulation” they do not mean so much in the normal flow of common commerce in the hands of the average citizens but rather more for inter-banking of large transactions. Remember post- RV they are now paying for imports using dinar NOT US dollars. They will need some form of large notes too besides the new lower category notes. So its a transition. They have told us this over and over again in articles. The goal is to get as much, if not all of the older 3 zero notes out of common circulation within Iraq prior to the RV and after only use them for very large transactions of wholesale purchases with merchants. Will some citizens still have them? Yes, but this is not the general common rule. The govt electronic banking and payrolls itself is creating the perfect timing for the re-instatement and RV of the currency.
Question: HOW WILL THEY REDUCE WAGES, CONTRACTS AND LOANS WITHOUT TRULY LOPPING THE ZEROS IN ONE FASHION OR ANOTHER. ITS NOT ROCKET SCIENCE BUT BASCI MATH.
If you have a loan for a million dinars 1,000,000 dinars now it would be worth about $1,000 US dollars right? But Iraq is not going to keep converting to dollars. They are using dinars in the country. They are not concerned about dollars,,,,get it? So after the RV the loan would be still 1,000,000 dinars to pay back. Now it the reinstatement changes the value of the dinar to 1:1 (just for example) the person paying back the loan would pay back still the million dinar, however their million dinar is now worth a million US dollars. But who the hell cares since they are a country using dinars not US dollars. Yes, in the USA you would care. Stop thinking in terms of a US citizen but rather living in Iraq. So yes after the RV they now have a million dinars still in their pocket and simply go to the bank and pay back the loan for a million dinars. What is the problem here? There is no problem only for some reason you keep converting to US dollars back and forth since you use US dollars in US. if you had a loan in Iraq for 1,000,000 dinars to pay back and you living the US and has to pay it back in US dollars the bank would tell you the equivalent of dinars that your 1,000,000 US dollars could buy to repay the loan for 1,000, 000 dinars. Since it just RV’d at 1:1 it would take a million USD to repay the 1,000,000 dinar loan back. Like wise if the RV comes out at 1 dinar = 2 US dollar then it would take you 2 million US dollars to repay the 1 million dinars loan. If the RV was 1 = .50 then it would take you 500 thousand US dollars to buy 1 million diinar to repay the loan with in Iraq. I hope you getting this. Yes, it is complicated but try to stop this US Dollar to dinar conversion and you will get it. The people in Iraq and using dinar and a dinar is a dinar. Just like the value of the US dollar fluctuates all the time in the US but are you really impacted much? Not really since the prices in the stores are usually not effected that much in the short term and may only go up or down a few cents. But since you earn US dollars and use US dollars who cares? Get it/ Why would even keep converting to Iraq dinar each time you get paid if you are using US Dollars to pay your debts? It is the exact same thing in Iraq. Get it? Hoe this helps and clarifies this once and for all….
Question: THE REASON THEY WANT THE DINAR OFF THE STREET IS TO MAKE IT DIGITAL MAKINIG IT EASIER TO TAKE AWAYT THE THREE ZEROES FROM EVERYONE’S BANK ACCOUNTS. CORRECT?
Will you please stop making more out of this than there is. The banks will NOT drop any zeros from the bank accounts as this would be illegal. Most citizens spend nearly all their payroll each month and are almost broke anyhow by the next payday. So going electronic (or digital) was merely to collect 2/3 of the old 3 notes off the streets, merely by NOT recirculating them. A brilliant more by the CBI! They have been trying for years to accomplish this task and finally they did it once they had the technology and went electronic payroll. The key here is they planned it, wanted to do it, but couldn’t since they needed the technology and the banks to cooperate. Kurdistan did not want to cooperate and wanted a lump sum from the CBI and to disperse this to the citizens in their own way. This lead to massive corruption. So only after the Sept 2016 referendum bullshit to succeed failed did the govt and CBI have leverage to finally go after them and get the electronic banking also in place. This resolved much of the falsified payroll files (corruption) and ensured the people actually received the money. So you simplify it too much in the way you wording your question and there is much. much more to the electronic banking and to why the CBI and GOI had to do it prior to the RV. But the system if now up and running fine.
Question: THERE IS A SIMILAR PROBLEM WITH THE CHINESE OIL CONTRACTS. THE CHINESE ARE NOT STUPID. THE DEAL WAS MADE WITH OIL WAS AROUND 100 USD A BARREL AND THE IQD WAS THEN WORTH 1166 DINARS TO THE DOLLAR (OR .0008575 USD CENTS). DO YOU THINK THE US TREASURY IS GOING TO BUY DINAR AT 1:1 AND THEN FULFILL TEH OIL CONTRACT AT .0008575 CENTS. THE US WOULD GO FUTHER INTO DEBT! OR PERHAPS THE CHINESE WOULD HAVE SIGNED A DEAL TO BUY OIL AT 100 DINAR PER BARREL WHEN THEY COULD BUY ALL THE FUTURES THEY WANT ON A US MARKET! I AM CONFUSED, PLEASE EXPLAIN?
Woooo Woooo! I want to halt this kind of foolish thinking right now. Who the hell is feeding you this crap? Oil credits are in fact like features but also not fully “oil futures” sold on a secondary backroom private market. The Chinese know fully what they are buying. They bought these credits when oil was high since they bought them at the oil credit price of the low contract the US has made with Iraq (at about $32 a barrel?). Sure the US government did not sell these credits to China for $32. They marked them up since oil was then around $100. So what did they charge China? Who really knows and this is confidential information. Probably around $45-60?). But China bought them since it was less than the current market rate and the market was showing higher prices in future anyhow. Did the US make money on the deal? Yes, a ton of it. So China is speculating that the rate of oil would go back up over time from what they paid for the oil credits. Get it? If this was not true the Chinese could just go out to the usual futures market and buy the damned futures at their speculative market prices. But the bargains with the US Treasury avoided all this risk and guaranteed them the oil at prices they wanted regardless of the market price. Could the market tank and China be holding the bag and have paid too much today? Yes, this could happen.
Question: WE HAVE BEEN LIED TO BECAUSE NOBODY IS DOING THE MIDDLE SCHOOL ALGEBRA ON THE PROBLEM. IT SEEMS WE KEEP BUYING UP THIS DINAR ON SPECULATION UNTIL THEY ARE READY TO SHOW US THE TRUTH. 1,000 OLD 3 ZERO NOTE WILL EQUAL 1 DINAR AFTER THE RV AT 1:1. SO THE RATE OF DINAR REALLY DOES NOT CHANGE THE VALUE ON THE ZEROS ARE LOPPED. HOW DOES ANYONE MAKE ANY MONEY OFF THIS INVESTMENT IN THE DINAR THEN?
First of all this is not algebra of any kind and it is simple math. Do the math! Did you even graduate from kindergarten? I doubt you did with a statement as this. We buy dinar simply because we know the history of Iraq, we follow what the CBI had been telling us all along and this is the ONLY reason why. There is not an ounce of SPECULATION in it. Get it?
It is not a matter of “IF’ the reinstatement and RV will happen but “WHEN”. The CBI has SPECIFICALLY told us NO LOP and we know a LOP is an official tool used by the IMF. So what the hell are they going to do then? It sure looks like a LOP, may even smell like a LOP but only if you are an uneducated person on how these tools work within the IMF. Take for instance Zimbabwe. This was a LOP in 2016. No doubt about it…. Go read the news on it. Big difference in what is about to happen in Iraq. Huge hyperinflation in Zimbabwe. I am not about to get into this LOP vs Re-domination stuff again. I am sick and tired of it. Please go read my Notes for Newbies. In it I clearly explain this notion of the LOP and why it DOES NOT apply to Iraq. See link below.
Auf Wiedersehen, Much Love to ya all