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DINARESGURUS.BLOGSPOT.COM_________________ _______

Monday, November 26, 2012

THE RV WILL HAPPEN BEFORE HILLARY STEPS DOWN, BECAUSE THE MARSHALL PLAN IS SUPPOSED TO OVER IN JAN 2013, 26 NOV

[footforward] hellooooooooooooooooooooooooooo good people of dinar land

 [ok rocks] footforward whoa, now there is a name have not seen in a chat room for a long time

 [footforward] ok rocks thats because i havent been in one for a long time lol

 [ok rocks] footforward well that makes sense then lol

 [paradisegirl] footforward what a nice surprise, just got here :)

 [footforward] paradisegirl hey you :)

  [ok rocks] footforward what is going on?

 [paradisegirl] footforward thank you for your calls

 [footforward] ok rocks oo not much. just being insane. you know lol. .how are you?

 [footforward] paradisegirl your welcome. .thank you for being nice to me :)

 [jpgaughf] Thank you that was it!

 [ok rocks] footforward ughhhhhhh hoping for an rv now now now need it like many others do... other than that I am good lol

 [footforward] ok rocks i know what you mean. ;but the whole financial system seems to basically be at a stand still. i dont believe that can carry on forever

 [Bigdogone] A big how-dee to Foot forward!

 [paradisegirl] footforward funny how the few bashers get all the attention. They are few, and most of us appreciate what you bring.

 [aberry] footforward honest thoughts are we there by the first or still 30 days away

 [footforward] aberry im not sure by the first, but something has to give here at some point

 [ok rocks] footforward its nuts... thought for sure this would have been done long ago... everyday its just crazier.. have no idea what to even look for now... only wait it out

 [footforward] ok rocks thats why we pray

  [ok rocks] footforward yes but I dont pray for what is already promised :) I give thanks and pray for serenity in the mean time lol

 [footforward] ok rocks im with you there my friend

  [cowboyforkids] footforward can u explain how Iraq currency is or was at 1400 to 1 the other day

 [aberry] footforward ok thanks hate to put you on the spot but would have thought something would have allready gave

 [footforward] aberry you and me both...

 [Bigdogone] footforward Have you heard about the fmc1 packages being sent out by marshals for post?

 [footforward] Bigdogone i hear that one all the time. im not a believer in those

  [cowboyforkids] footforward can u explain how Iraq currency is or was at 1400 to 1 the other day

  [footforward] cowboyforkids on a sight somewhere?

 [cowboyforkids] footforward I thought I read it in article could be wrong

 [footforward] cowboyforkids what you see on the CBI and what is going on in the streets of iraq are much different. could be reflecting what the street value is of the dinar. but it will continue to plummet on the streets.  until the rv

 [Bigdogone] footforward Just curious---on The Big Call--Since the numbers changed---How come no Q and A?

 [footforward] Bigdogone just havent had time to do any lately. either ive had other plans or bruce has had other calls

 [ok rocks] Euro Zone, IMF Reach Deal on Long-Term Greek Debt: http://www.cnbc.com/id/49971387

   [footforward] ok rocks watch for something to come out tomorrow saying that they agreed on the frame work but have yet to work out the "details"

 ok rocks] footforward yikes... they keep doing that...

 [footforward] ok rocks i know. its not just by chance

 [Expendable3] BluWolf claims Prosperity Packages are already on the desks of many banks

 [ [Expendable3] April 10th, 2012

 [footforward] Expendable3 im just someone who doesnt believe in them.. id gladly be wrong

  [ok rocks] footforward ok i have noticed a pattern... so now what is next in that pattern? rv?

  [footforward] ok rocks ok rocks that would break the pattern but that part hasl to come at some point

 [intheriver] Foot do you think O's recent trip to Asia was connected in any way to the RV

 [footforward] intheriver i personally dont

 [intheriver] footforward okay...thanks

 [footforward] here is something else

 [footforward] i have reason to believe that hilary would not step down until this was done

 [footforward] anyone happen to notice when she's stepping down?

 [footforward] ;)

 [paradisegirl] footforward isn't it January?

 [911GTS] one year

 [intheriver] Febuary

 [Paladin] . . . . and the next UN meeting on Iraq is January 20

 [911GTS] march

 [Expendable3] Next Jan no doubt lol

 [911GTS] may

 [footforward] paradisegirl sure is!

 [footforward] 911GTS jan

 [footforward] 911GTS know when the marshall plan ends?

 [footforward] ;)

 [911GTS] may

 [911GTS] june

 [footforward] 911GTS january

  [paradisegirl] footforward I remember she said she would not be there when O's 2nd term started, which is Jan 21st

  [ok rocks] footforward this month I think...

 [intheriver] Why do you have reason to believe the RV will happen before she steps down?

  [paradisegirl] footforward Dec 31st?

  [footforward] intheriver something a little birdy told me a long time ago

 [footforward] paradisegirl jan 2013 the marshall plan is supposed to be over


 [intheriver] footforward awesome

 [ok rocks] footforward I thought for sure it was before that ... this month or Dec...

 [paradisegirl] footforward do you have any info that Obama is trying to delay this until 2013 since he is trying to up the taxes on "the rich"??

 [footforward] ok rocks either way its coming up soon. thats my point

 [ok rocks] footforward true enough

 [footforward] paradisegirl i dont worry about obama. i pray for him and trust God to do what is best for us

 [dsatmhk7] Soon is what I need; was hoping for Christmas $$

 [Expendable3] They can retro taxes no biggie

 [Truscot] paradisegirl I doubt he will have any luck raising the capital gaines rate

 [paradisegirl] Truscot hope you are correct and that our blessing will fall under the IRS rules for capital gains

 [ok rocks] footforward believe there are many things that need to be taken care of BEFORE Jan

 [footforward] i dont worry about the taxes honestly. i pray. its more effective

 [footforward] ok rocks as do i.

 [Truscot] FF I believe free will is God's second greatest gift to us. Unfortunately, I am afraid that we have free willed ourselves into a heap of trouble

 [footforward] so someone will have to ask bgg about his no banning policy lol. i guess it only applies to people who arent insane

 [paradisegirl] footforward not worried about it, just trying to put the pieces of the puzzle together, if that is at all possible. God is in control, amen

 [footforward] Truscot i agree with you on the first part but i know prayer changes things

 [footforward] Truscot and i know not everyone voted the same

 [Truscot] FF I cant argue that point and wouldnt want to, I certainly dont pretend to know God's will, but I sure dont have ANY clue what he has in mind lol

 [footforward] Truscot i dont claim to know either but id like to think i have a handle on God's nature and know he moves when people pray

 [keiji] footforward do you still beleive this can happen anytime or is there a delay? It's been super quiet lately.

  [footforward] keiji i still believe it can go any time

 [inwest] Footforward do you think there is anything that needs to be done before the RV can happen?

 [footforward] inwest yes but anything that has to happen is being taken care of behind the sceens. we arent waiting for anything in iraq. i can tell you that

 [inwest] thank you

 [keiji] footforward have you been getting good positive intel?

 [footforward] keiji what i have been getting has been positive yes

  [dsatmhk7] footforward - did you ever hear what happened when it didn't go thru on Sat. a couple weeks ago? The things that need to be done can't be huge, can they?

  [footforward] dsatmhk7 depends how you define huge. we have a couple of pieces that need to fall into place but that can be done in a second. i havent gotten the additional info ive been after yet

  [footforward] keiji keiji my main contact was busy having a life the last week. i know....the nerve lol

 [dsatmhk7] footforward - sounds good - let's get those seconds moving son!

 [ok rocks] footforward what about the VND showing with foreign currency not USD? a glitch or a sign?

 [Bigdogone] footforward--Hopefully you will have more on the big Call tomorrow night!

 [keiji] footforward lol, just RV so we can all have a life

 [footforward] dsatmhk7 im all for that

  [footforward] ok rocks its not something i pay much attention to. its like when the dinar shows up on these public sights. it doesnt mean anything

 [footforward] keiji that works too

 [ok rocks] footforward ok ty

  [footforward] just dont give up guys.  we have come this far...we might as well get er done

 [dsatmhk7] If it was supposed to happen already, that's where I get confused. How in the world can it take this much longer, and what in the world is keeping it from happening, when obviously it isn't Iraq

 [footforward] dsatmhk7 its like having your kids birthday party. lets say you had a party planned outside but the day of a hurricane came through. would you still have your party on that day?

 [dsatmhk7] footforward - oooooookkkkkk ;)

 [footforward] dsatmhk7 does that make sense?

footforward] dsatmhk7 or you plan a trip but you got a flat tire and you dont have a spare..

 [dsatmhk7] footforward - yes and no - this has been rehearsed over and over........but when the storm passes, you have the party - OR - you get another tire! Solve the issues and bring it on!

 [footforward] dsatmhk7 they are working on that

 [hub] footforward economic laws teach us that certain fundamentals have to prevail unless an artificially manipualted situation occures, and in this case , i dont think iraq can do much manilipulation, it has to happen very soon, in order for the iraqi economy to survive and be in stride with the world global trade economy,

 [dsatmhk7] footforward - I have learned in all my years to never let anything steal my JOY, but.............that doesn't mean that the circumstances don't affect my happiness :)

 [footforward] dsatmhk7 i know how you feel.  im not happy with the situation currently either

 [dsatmhk7] footforward - as long as we know that the RIGHT forces are ready to git 'r dun!

 footforward] dsatmhk7 they are. and they are trying. its why we need to buckle down and keep praying

 [dsatmhk7] footforward - that's a definite, don't worry

 [Bigdogone] footforward AMEN!

 [SassyDinar] footforward - Hey there, good to see you here . . . Question for you ... Have you heard anything regarding the US Treasury notes?

 [footforward] SassyDinar no, but i think its going to be a while before we see them. dont ask me for sure how long a while is. i think they will be phased in over time

 [Mitzi] footforward sorry I just got here, did you say gonna RV before 2013 maybe, please

 [lovely] Delta just said between now and feb. 23th. 2013

 [Expendable3] The GOI has no affect over the RV. The HCL is done and if it is not they can use the old one while they work on the new one.

 [footforward] Expendable3 its true

 [hub] a country expecting to pump 10,000,000 barrels of oil in 4 years with a worthless money supply, i dont think so

 [footforward] hub i dont think so either.  its funny-people seem to think they can thrive with a worthless currency.  Ok, why have they not thrived at all in the last 10 years?

 [hub] footforward nothing to thrive on...........

 BULLY! BULLY!] Its not worthless, why do people say that?

 [hub] eatin rocks is not romantic

 [hub] BULLY! BULLY! because it is

 [dsatmhk7] I thought this wasn't "about" Iraq? A global reset?

 [SassyDinar] footforward - thanks, I've heard diff scenerio's, month or two after RV, and I've also heard at same time as RV, guess it will be what it is when it happens . . . lol

 [cowboyforkids] footforward in recaps their gdp was a 10.5 better then any other country with that currency

 [footforward] BULLY! BULLY! because its basically worthless

 [footforward] dsatmhk7 its not about iraq

 [footforward] SassyDinar i heard the space ships were coming too lol

 [dsatmhk7] footforward - OK – TY

 [SassyDinar] footforward - lol yep, heard that too lol

  [footforward] cowboyforkids well thats misleading because they are talking about the USD. not the dinar

 [hub] the question to claify the question, is would you invest in iraqi dinar if you did not think you could make a million on a thousand

 [cowboyforkids] footforward but the country can move on with the usd

 footforward] cowboyforkids until the USD dies

 [hub] cowboyforkids our money is not their money.................

 [BULLY! BULLY!] Here's an example... you can buy a big box of laundry detergent that does 200 loads or a little bottle of concentrated detergent that does 200 loads....

 [hub] the question to claify the question, is would you invest in iraqi dinar if you did not think you could make a million on a thousand

 [footforward] hub i wouldnt

 [cowboyforkids] hub it may not be but I am saying the country is moving with that money right now, and what makes them have to quit using it

 [Expendable3] The RV is done, everything is done except for this going live. This is ready to go.

 [dsatmhk7] They want to grow............can they pay the foreign contractors in dinar?

 [SassyDinar] hub - yes, I've been in since 2005 and initially the speculation was as Iraq rebuilt, the dinar would increase in value, I initially planned to start cashing in when it hit .50

 [hub] SassyDinar there you go..........perfect example

 [hopeful2&2] Expendable3 it is done

 [BULLY! BULLY!] Hub sorry I'm old school lol

 [hardtorecall] hopeful2&2 I knew that was coming! lol lol

 [hub] BULLY! BULLY! i am old school, could you spell louder , i cant hear you....................

 [footforward] hub can you hear me now?

 [footforward] hub poo

 [BULLY! BULLY!] Lol

 [footforward] that didnt work

 [charps84] footforward Good to see you in here.

 [hub] footforward yes, go ahead..................hehehehe

 [Expendable3] I need a drink

  [SassyDinar] Expendable3 - are you passing those drinks around . . . I need a few over here please lol

 [Expendable3] SassyDinar :drink: :drink:

 [SassyDinar] Ahhhhh, thank you!!!

 [footforward] we are supposed to drink AFTER the rv lol

 [hub] any country that uses the usd as a currency will never be their own country, they have to have a currency that is Iraq, they produce more exportable product than most countries on the earth, now why would they want the dollar, their currency historically has been in the top valued money for a long time prior to hussien, why would they not want the same now?

  [footforward] hub you are starting to sound like me lol. careful. that will get you banned in certain chat rooms lol

 [hub] footforward already have..................................hahahhahahaha

  [intheriver] footforward lol

 [BULLY! BULLY!] Foot what do you think about the scenario that this was to go last year then the fight over millionaire taxes and however it was put on hold somehow. Now that o has another 4 and the republicans are gonna have to play ball as soon as o's taxes pass we will see it and that won't be before the new year.

  [hub] footforward go to the britannica 1955 version, the dinar was $2.55 in 1955

 [footforward] BULLY! BULLY! i agree with the first part of that, but i dont think its just because of the taxes

 [Expendable3] So we have to accept taxes on the job makers business owners to get an RV? Lol

 [footforward] hub you keep sounding like me lol

 [rider460] hub you are my horse even if you nev er win a race

 [hub] rider460 just gimmy some oats..................hehehhehehe

 [911GTS] congress can't figure out the taxes we have now, let alone pass a new tax

 [hub] footforward i have a few interesting conversations in here , to say the least, people dont even pay attention to me anymore................hehehe

 [footforward] hub lhub ol. people dont pay attention to me much anymore either lol

 [BULLY! BULLY!] Yes I'm sure you are right about that, not JUSTabout taxes

 [Ram1] footforward are you still thinking double digits?

 [footforward] Ram1 ya i am i cant explain why..

 [BULLY! BULLY!] Foot but what about not until the new year?

 [footforward] BULLY! BULLY! i dont think it will be that long

 [Ram1] footforward that's ok with me

 [dsatmhk7] footforward - just ONE day to shop would be wonderful!!

  [BULLY! BULLY!] That would be nice

  [keiji] footforward Tony seemed to indicate he thinks by Friday(end of month). Do you think it's a good possibility? TY

 [footforward] keiji its possible yes

 keiji] footforward good possibility? :) :)

 [footforward] keiji im hesitatnt to say any specific date, but again...something has to give here

 [footforward] keiji yw. im not trying to dance around it. it just should be done already

 [keiji] footforward I know, it just seems that all positive intel has dried up and looking for a little hopium.

 [footforward] keiji there just isnt anything new in terms of intel.. but put it this way. i wake up every day expecting to see something happen

 [dsatmhk7] footforward - just know that you are waking up with company around the globe :)

 [Sparkles] dsatmhk7 yes expect it everyday

 [footforward] dsatmhk7 i do know that :)  i have to run for a bit… ya'll hang in there

  [dsatmhk7] footforward - thanks!!!

China Launching Gold Backed Global Currency


China Launching Gold Backed Global Currency


According to the article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency.

This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames.

GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

  Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’    Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system.

The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking.

The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland.

They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.

The story of recasting in London is confirmed by my best source. It seems patently clear that the Chinese are preparing for a new system for trade settlement system, to coincide with a new banking reserve system. They might make a sizeable portion of the new 1-kg bars available for retail investors and wealthy individuals in China.

They will discard the toxic USTreasury Bond basis for banking. Two messages are unmistakable. A grand flipped bird (aka FU) is being given to the Western and British system of pounds and ounces and other queer ton measures. But perhaps something bigger is involved.

Maybe a formal investigation of tungsten laced bars is being conducted in hidden manner. In early 2010, the issue of tungsten salted bars became a big story, obviously kept hush hush. The trails emanated from Fort Knox, as in pilferage of its inventory.

The pathways extended through Panama in other routes known to the contraband crowd, that perverse trade of white powder known on the street as Horse & Blow, or Boy & Girl.

http://beforeitsnews.com/alternative/2012/08/china-launching-gold-backed-global-currency-2451114.html

DINAR GURUS UPDATE, 26 NOV


11-26-2012  Intel/Newshound Guru Poppy3   A source said they are anticipating a change in the dong prior to the first of the year. I would love to see this go ahead of the dinar, but their Minister of Finance wants to hold out until the IQD goes so they would RV at a higher currency.  Also, two different sources notified me that Ban Ki Moon (head of UN) and the President of Kuwait will meet mid December to sign their portion of the release of Chapter 7. If that is true then the RV has to be done prior to that.

11-26-2012  Intel Guru TerryK   HEARD THE DONG WAS ALL OVER THE CHARTS THIS WEEKEND.  IM STILL WAITING ON A CALL.  HEARING TUESDAY A LOT OF THINGS GOING ON IS THE WORD SO WE HAVE TO KEEP OUR EYES ON THE CURRENCIES.   HEARING WE MAY SEE SOMETHING TOMORROW NIGHT KEEP YOUR FINGERS CROSSED AND YOUR BAGS PACKED.  ITS ALL UP TO THE CHINA BOYS THERE WAS A BIG MEETING THIS WEEKEND BUT DONT HAVE THE DETAILS.

11-26-2012  Newshound Guru LoriC   Merrill Lynch said that Iraq is the fastest growing economy in the world and that this will continue into next year. Iraq's GDP is increasing at an incredible rate their growth percentage beat out China. How much longer can the world's fastest growing economy remain with a worthless, undervalued currency with an artificial, imposed rate?

11-26-2012  Newshound Guru Kaperoni  they cannot achieve the economic success just leaving the dinar at 1166 to $1  Remember all that is on the table pushing the rate up.   The ISX, investment in agriculture and manufacturing, the "investment side" of the budget, tariffs, oil and gas subsidies, ration subsidies, etc..on and on.   Though Maliki may want to "just replace" with no change, I do not see how that could succeed.  How they could achieve the goals to be a "donor" state at the World Bank within a few years?  how they could succeed in the 2013-2017 economic plan?  So hang in there, IMO  the float is coming.

11-26-2012  Newshound Guru Mike   We’re keeping an eye on things, the World Bank has come in to check things out, and the IMF is there checking things out… They’re trying to keep their corruption under wraps so that it doesn’t point back, but there’s a lot of people looking at it… There are going to be a lot of people that are gonna fall in this investigation, and Dr. Shabibi will come back when most of these people are gone…All good stuff! 

11-26-2012  Newshound Guru Adam Montana   Regarding my opinion of the current situation - that hasn't changed...There is always the chance that it could happen today, tomorrow, next week, or never. That's just a fact we live with as investors.

11-26-2012  Newshound/Intel Guru BGG   Article quote:  "Barzani pointed out that the issue of withdrawal of confidence from al-Maliki was not his proposal, but all parties that participated in our meetings saw that it is a desired option at that stage and I did not mind."  This isn’t rehash. There are too many current references here – so I would assume they have recently agreed the No Confidence vote is their best immediate option.

11-26-2012  Intel Guru BWM   expect the VND and IQD to appear internationally at the same time... "could" that change? I don't think it would benefit us... while the whole "double dip" theory comes to everyone's mind the real issue is China is the real backup to Vietnam's economy... so in order to truly realize the benefits of their currency suddenly becoming relevant, vietnam needs more things to back up the VND (gold is being brought in quickly from citizens) and the IQD provides much of that in the form of currency reserves...has Vietnam been given authority to revalue it's currency...YES...

11-26-2012  Newshound Guru Bondlady  hcl is being worked on, its no easy task when your dealing with a country whos lust for greed and power drives them  their so afraid someone else is going to get a cent more than the other...the last part of the hcl, the thorny part, is the profit sharing, who gets what ..where...and how much.  thats the point of contention they must do to appease all of them, thats what their working on, the rest is already in place.

11-26-2012  Newshound Guru Kaperoni   This is the first confirmation we have heard of two plans...The original plan with Shabibi to which was IMO, the .86 "staging rate" and more recently the float.   To a new plan apparently as stated..."central bank about the currency exchange current damaged to another through a new contract with a foreign company to do so" which appears to be just a simple replacement of currency.  This also implies no significant change in value which would support Maliki's "weak dinar" policy.  That being said, a simple change in currency does them no good economically either.   But we will have to see when it happens.  The good news is the people and the banks know something is going to happen soon

MORE DISCUSSION OF MED, 26 NOV


Med (09:58:41): THERE IS NO REASON TO REPRINT 250 OR 1K NOTES AT A 1166 RATE OF EXCHANGE
    tmac096: unless your going to rv, why else would you make peopel use a wagon to go shopping?

    Med: EXACTLY
    tmac096: sounds like the 1930's vymar republic (not sure of spelling), remember the picture of the lady with the wheel barrow going to the store for a loaf of bread?

    Med: LOL
    mi$ter: maybe because a lot of the money already printed...isnt in circulation..because so many investers are just holding the money....they have a shortage of money ..for everyday use by local iraqs

    tmac096: but why not print new big bills of that was the case?

    Med:    NO MISTER DINAR    DOESNT WASH    THINK ABOUT YOUR STATEMENT    AND THEN THINK ABOUT WHAT DINAR YOU ARE HOLDING    YES MY ? ALSO TMAC    WHY NOT THE 25K OR 10K
    mi$ter dinar: yes...guess what we hold doesnt amout to all that much
     Med:    NO   THAT ISNT WHAT I MEANT   HOW MUCH 250 DINAR NOTES   DO YOU HOLD   OR ANY OF US

    mi$ter dinar: not that many

    Med:    THEY DONT EVEN SELL IT    AND THE 1K NOTES    IN THE BEGINNING

    tmac096: none why bother?

    Med:    YES    YOU COULD GET THEM    BUT NOW    THEY HAVE BEEN BACK ORDERED FOR YEARS    IT WAS SHABIBI'S PLAN    TO ELIMINATE THE 25K    10K    5 K NOTES    AND IF YOU GO BACK IN TIME    TO THE BEGINNING OF THE PROCESS HE STARTED    HE SAID OR CBI STATED    THAT THERE WOULD STILL BE 1K NOTES    AND 25O AND I BELIEVE THE 500 K

    mi$ter dinar: thanks for reminding me med...now it makes sense

    Med:    NO PROBLEM    WHEN I SAID IT DOESNT WASH MD    I WAS NOT BE HARSH OR SARCASTIC    I HOPE YOU DIDNT TAKE IT THAT WAY    I WAS WONDERING THOUGH    WHY DONT THEY MENTION THE 500D NOTE

    mi$ter dinar: no i never took it that way never have i come here to learn

    Med:   OK GREAT    THE SMALL NOTES THAT IRAQ HAS IN CIRCULATION    ARE 50 DINAR    250 DINAR    500 DINAR    1000 DINAR    OF THE SMALL    THAT SEEM TO BE THE MAJOR NOTES THEY WILL BE USING    I WONDER WHY THEY DONT MENTION THOUGH THE 500'S    CHEEKS POSTED AN ARTICLE THIS MORNING

    mi$ter dinar: maybe they will do away with the 500 all together

    Med:   BUT IF YOUR NOT GOING TO PRINT ALL THE NEW DENOMS   YOU ARE REALLY LIMITING YOUR PAYMENT STRUCTURE ARENT YOU

    mi$ter dinar: true

    Med:    WITH NO COINS    OH ON THE ARTICLE THAT CHEEKS POSTED

    mi$ter dinar: got to go see ya later

    Med:    OK    TAKE CARE    MED OUT

MORE CHAT  ADDED:

Med (12:44:39):HAS ANYONE READ THE LATEST POST BY GUARDIANON THE ISSUE OF NEW CURRENCIESIF YOU HAVENTDO SOI WOULD LIKE TO DISCUSS IT

dj51: I just sat down at computer, so, no I haven't but will

Med: NO LOL

Aunt Gwennie: just got on....let me look for it

Med:  NP DJ  I MEANT

http://www.dinarspeculator.com/showt...i-Central-Bank

FOR THOSE WHO SIT AND HIDE

dj51: I am confused what the "early November" means

Med:YES   SO AM I

Aunt Gwennie: not sure......this replace ment thing has been talk about for a long time now

Med:  YES BUT AG  THEY CONTRADICT THATBY SAYING USING THE 250 AND 1KIS BECOMING A PROBLEMAND IT HINTS AT THEM NOT JUST REPLACING THE TATTERED ONESAND WHY THIS IS PRETTY UNIQUE

cdjsilver51: going to read it now Med.

Med:  IS THAT THEY REPLACE TATTERED DINAR  EVERY YEAR  THEY POST IN THE ANNOUNCEMENTS THEY ARE LOOKING FOR MACHINES AND BLAH BLAH BLAH THIS IS MUCH DIFFERENT THOUGHT  THOUGH   THIS IS NOT BEING HANDLED THE SAME WAY

dj51: In what way Med

Med: AND I AM VERY SUSPICIOUS OF ITS REALLY INTENTIONS  IT ISNT THERE IS NO ANNOUNCEMENT OF DESTROYING OLD CURRENCY OR TELLING BANKS TO TURN IT IN SO THEY CAN GET AN ACCOUNTING OF IT THEN THEY WILL REPLACE IT ONE FOR ONE  WITH THE INSTITUTION THAT SENT IT

dj51: It is truly strange

Aunt Gwennie: Mathhar Mohammed now the person running CBI

Med: WHO LOL NO WHAT IS HE

Aunt Gwennie: Deputy Governor of Central Bank

Med: YES DEPUTY HOW MANY DEPUTIES ARE IN A SHERIFFS OFFICE PRETTY MUCH EVERYONE SALEH IS ALSO A DEPUTY GOV THERE ARE A BUNCH NO TUKRI IS RUNNING IT STILL BUT NOW THERE IS A PROBLEM THAT MAY HIT CBI

Casper: i suspect they will destroy old notes just like our federal reserve does

Med: YES THEY DO AND HAVE DONE SO EVERY YEAR BUT THEY POST AN ANNOUNCEMENT

Aunt Gwennie: yepper that may be so. It just cam to mind him making that anouncement

Med: IN CBI

Casper: but why only 250 & 1000 and not 500's

Med: YES THAT IS LOL WHAT I SAID ABOUT 10 LINES UP THIS NEW ARTICLE

Casper: you would think that all notes are pretty well abused by now

Med: THEY DONT LAST A MONTH

Casper: 5k, 10k & 25k

Med: THE SAY THE AVG IS 3 WKS THEY HAVE TRIED TO ELIMINATE  THE  5K 10K AND 25K

Aunt Gwennie: my note are in great shape. been in a shoe box for several years now

Med: DINAR ON THE IRAQI STREET LOL YOU ALL SEE THE PAPER IT IS MADE ON VERY INFERIOR

dj51: Do you think CBI is just throwing out verbage to calm the people that there is a currency change coming?

Med: IT IS NOT NEARLY MADE OF WHAT OUR US DOLLAR IS WELL D HMMMM THE TRUTH IS HOW MANY ACTUALLY GET THE NEWS  THE COMMUNICATIONS IN IRAQ ARE PATHETIC

dj51: very few

Med: DID YOU EVER SEE THE COUNTS ON ARTICLES READ ON THE NET

dj51: no

Med: THEY ARE PATHETIC  30 HITS  80 HITS FOR 30 MILLION PEOPLE WE GET MORE HITS THAN THEY DO

Aunt Gwennie: I am hearing some new people talking about Dinars like this just happen

dj51: I know my nephew told me ( military in Iraq) that we read more than Iraqi's.

cdjsilver51: So Med are you saying they have to change the rate in order to even use the 250, 500 and 1000 notes?

Med: YES I SAID THAT BEFORE YOU CANT CONTINUE TO USE THOSE SMALL DENOMS WITH A RATE OF 1166 THE ENTIRE PLAN  WAS TO REDUCE THE LIQUIDITY OF THE DENOMS WELL WE ALL KNOW

Aunt Gwennie: is it not 1400 now??? and they want to get it back to 1166

Med: THAT IF YOU GET RID OF THE 5 10 AND 25K NO IT IS NOT 1400!!!! IT NEVER WAS IT WAS AT 1340 ON THE STREETS

Aunt Gwennie: good....just one of those smoke posting I read

Med: BUT THAT WAS BACK IN THE SPRING WHEN SYRIA AND IRAN GOT THE DOLLAR IT PLUMMETTED  SOMETIMES I FEEL LIKE THE COMPUTER WHO WORE TENNIS SHOES THE MOVIE

cdjsilver51: so if they get rid of the 5,10,25K....... please go on with your sentence

Med: I FORGOT

cdjsilver51: they would have to change the rate????

Med: OK FIRST PLEASE STOP WITH THE ???? I HATE IT

cdjsilver51: okay sorry

Med: I FEEL LIKE I AM BEING FORCED TO ANSWER

Aunt Gwennie: on hold

cdjsilver51: never again

Med: TY I WAS JUST TELLING LYDIA  BUT LAUGHING  OK TO ME MY POINT WAS THIS YOU CANT GET RID OF YOUR MAJOR DENOMS FOR TRANSACTIONS  AND THEN ONLY USE THE LOW ONES WITH THE CURRENT RATE OF EXCHANGE OR LIKE I WAS SAYING YOU WILL HAVE TO INCREASE THE AMOUNT OF SMALLER DENOMS OUT TO COMPENSATE FOR THE LOSS OF THE 5 10 AND 25K NOTES DO YOU SEE MY POINT

cdjsilver51: certainly thanks

Med: OK GONNA TAKE A BREAK BBL

Aunt Gwennie: i guess the exchange has already been done

Med: NO

Aunt Gwennie: first of nov.

Med: WE DONT GUESS NO I THINK THAT ARTICLE MYSELF IS NOT FROM 2 DAYS AGO IT THINK IT IS AN ARCHIVED ARTICLE

Casper: what med is saying is that before the new lower denoms can be used the exchange rate will have to increase  i think

Med: YES

Casper: lol

Med: SEE I COULD HAVE SAID IT CASPER BUT I WANTED THEM TO THINK ABOUT IT AND COME UP WITH THE ANSWER THEN I KNEW I TAUGHT MY POINT OK GONNA TAKE A BREAK NOW

WE MAY SEE SOMETHING TOMORROW NIGHT, DONG STILL AT 37.72 PER MIL CASH IN, 26 NOV


Nov 26 12:34 PM [waynoiam1] Living dreams is living a big dream
Nov 26 12:34 PM [cjswest] living dreams yep, we are living in exciting times ,
Nov 26 12:34 PM [living dreams] cjswest yes we are

Nov 26 12:34 PM [Mrs. Seafood] waynoiam1 I'm buying you a calendar for Christmas haha
  Nov 26 12:36 PM [waynoiam1] Then I will see there are 365 miserable days ahead
Nov 26 12:37 PM [Mrs. Seafood] waynoiam1 oh brother!!! you are a ray of sunshine!

Nov 26 12:38 PM [cjswest] waynoiam1 so no hot dates for you in beverly hills? they are all shopping in the stores near me, all that expensive clothing

Nov 26 12:38 PM [Mrs. Seafood] waynoiam1 here - now you have one good day kissing4
you'll have to take care of the other 364 roflmao

Nov 26 12:41 PM [cjswest] Mrs. Seafood living dreams waynoiam1 you all listen to poppy3 bgg call yet? listening to it now   is great 
  Nov 26 12:42 PM [Mrs. Seafood] BGG Update Conference Call Replay w/ Poppy3 from Monday 11/26/2012 click on the link it will start for the beginning

Nov 26 12:42 PM [cjswest] waynoiam1 you should open your mind  Mrs. Seafood you are fast

Nov 26 12:44 PM [waynoiam1] I do

Nov 26 12:44 PM [Mrs. Seafood] cjswest I try

Nov 26 12:47 PM [cjswest] Mrs. Seafood just for the records calls do come true, just not the way we want

Nov 26 12:50 PM [cjswest] Mrs. Seafood for anyone saying no calls come true is not appropriate nor factual, anyone that shares intel includes "Rumor" in any details

Nov 26 12:54 PM [Mrs. Seafood] cjswest yes - all is rumor

Nov 26 1:11 PM [TERRYK] HEY ALL WE HEARING ANYTHING  IM ABOUT TO GET ON A PLANE TO TRAVEL TODAY BACK TO HOUSTON

Nov 26 1:12 PM [TERRYK] HEARD THE DONG WAS ALL OVER THE CHARTS THIS WEEKEND  IM STILL WAITING ON A CALL SEEMS LIKE FOREVER ANYONE HEARING ANYTHING GOOD

Nov 26 1:13 PM [TERRYK] HEARING TUESDAY ALOT OF THINGS GOING ON IS THE WORD SO WE HAVE TO KEEP OUR EYES ON THE CURRIENCIES

Nov 26 1:13 PM [Biddy 10] TERRYK You are the master of all good news...gonna be nasty here in Houston tonight.

Nov 26 1:14 PM [TERRYK] WHY IS THAT

Nov 26 1:14 PM [Biddy 10] heavy thunderstorms

Nov 26 1:14 PM [TERRYK] DANG NICE TO FLY INTO I GUESS WELL GOT TO GET READY TO BOOK OUT BUT HEARING WE MAY SEE SOMETHING TOMORROW NIGHT KEEP YOUR FINGERS CROSSED AND YOUR BAGS PACKED

Nov 26 1:15 PM [Mrs. Seafood] TERRYK hey how are you? How was Thanksgiving?

Nov 26 1:15 PM [TERRYK] ROUGH THREE DIFFERENT PLACES

Nov 26 1:15 PM [Kennypth] Msn Money is showing the VND at 2.08677 that works out to approx. 48 cents per VND or 480,000 dollars per million.

Nov 26 1:15 PM [TERRYK] BUT GOOD

Nov 26 1:15 PM [Mrs. Seafood] Good

Nov 26 1:15 PM [TERRYK] RIGHT NOW KENN

Nov 26 1:16 PM [Kennypth] Yes.

Nov 26 1:16 PM [TERRYK] HMMMM

Nov 26 1:16 PM [duffy2] TK A few days ago you said it was to be done by Monday ....So now tomorrow night??? Does China really know what is going on??

Nov 26 1:16 PM [Kennypth] Has been in that range all week.

Nov 26 1:16 PM [TERRYK] ITS ALL UP TO THE CHINA BOYS THERE WAS A BIG MEETING THIS WEEKEND   TERRYK] BUT DONT HAVE THE DETAILS

Nov 26 1:16 PM [msjeta1] TERRYK from what we are hearing none of the paid Forex sites are seeing any changes yet

Nov 26 1:16 PM [duffy2] TK: Is that the meeting Okie was referring to??

Nov 26 1:17 PM [mark7] It also tracks up and down minutely each day

Nov 26 1:17 PM [TERRYK] I DONT KNOW I WAS TOLD ABOUT THIS MEETING LAST WED ] BUT COULD NOT CONFIRM UNTIL THIS WEEKEND

Nov 26 1:18 PM [duffy2] TK: I think that is when Okie posted and said we may hear something after this meeting, but he didn't mention who meeting was with or between.

Nov 26 1:18 PM [zigmnstr] hi ya boss

Nov 26 1:18 PM [zigmnstr] broke down in liberal, ks

Nov 26 1:19 PM [TERRYK] IT WAS DIRECTOR OF IMF THAT MADAM CHICK AND O

Nov 26 1:20 PM [duffy2] Maybe "O" will sweet talk Legarde!!!!!! (lol)

Nov 26 1:20 PM [msjeta1] Legarde Madam Wu and O

Nov 26 1:20 PM [TERRYK] I DID NOT SAY THAT BUT YOU GOT THAT RIGHT

Nov 26 1:21 PM [msjeta1] TERRYK ok my read between the lines is working just fine today lol

Nov 26 1:21 PM [TERRYK] ON THE PHONE WITH BANK  DONG STILL AT 37.72 PER MIL CASH IN

1:22 PM [mark7] Does the bank have any info on why the other figures are on the public sites?

- 22 PM [JACQUE47] 1:21 PM [winalot] I sent Netdania, and others an email in regards to the VND phenom.... Netdania is the only one kind enough to reply...

1:21 PM [winalot] I will post first the letter that i sent to them, and then the letter I received back

1:23 PM [Kennypth] Why is MSN Money showing it at 2.08677 for about 8 days now. Blaino had us go there and it has stayed at this rate.....so what are they doing?

1:23 PM [TERRYK] GOTTA RUN ALL GOD BLESS   I DONT KNOW  I DONT RUN BANKS

1:23 PM [JACQUE47] 1:22 PM [winalot] Sent: Friday, November 23, 2012 5:03 PM To: support@netdania.net Subject: erronious rates? Support Department: Can you please advise why rates for the VND are showing crazy numbers, please? For example...VND/EUR I showing a rate of 0.372, and the VND/AUD is showing a rate of .046. Neither is correct as far as I know... unless there has been a change of some kind? Could you kindly advise on the situation? Thank you,

:24 PM [msjeta1]    have a good trip

1:24 PM [JACQUE47] 1:23 PM [winalot] now.. their responce... and if anyone can make this sound correct.. please let meknow! wow...

1:24 PM [Kennypth] Terry...God bless.

1:26 PM [duffy2] Jacque: So, what was their response??

1:26 PM [JACQUE47] 1:24 PM [winalot] Dear..... Thank you for contacting NetDania Technical Support. Please note that we have made verifications and there is no issue at our side. These are the data that we receive from our data providers. If you also check the quotation for EUR/VND which is approx. EUR/VND=27.023 and divide that quotation by 10.000, you shall obtain VND/EUR=0.370.

Also, the quotation for VND/AUD is VND/AUD x 1000. You may also verify the quotations for VND/EUR and VND/AUD instruments at http://www.bloomberg.com ··· DEUR:CUR and http://www.bloomberg.com ··· DAUD:CUR . Please do not hesitate to contact us in case you have further questions or suggestions. Best Regards,

1:27 PM [garyfla99] zigmnstr sorry

1:27 PM [zigmnstr] garyfla99 nature of the business   trucks break  just wish it was a better city  

- 1:28 PM [garyfla99] i meant sorry i spelled your name wrong

1:28 PM [Kennypth] Here is NSN MONEY where Dong is showing at 2.08677 says about their data providers: Copyright © 2012 Microsoft. All rights reserved.

Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.

Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange.

 Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services.

Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations data provided by Zacks Investment Research.

StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.

1:29 PM [Kennypth] But....we still cannot go to the banks and get their rate.......drat......LOL.

1:33 PM [justincase] JACQUE47 I wonder if you go to a bank in a country that uses EURO, if you could exchane 1 mill VND for 370K EUR?

1:35 PM [JACQUE47] justincase we have asked someone in australia to-----no luck there

KAPERONI, BLD,POPPY, BBG & OTHER POST, 26 NOV


11-26-2012  Newshound Guru Kaperoni: they cannot achieve the economic success just leaving the dinar at 1166 to $1.   Remember all that is on the table pushing the rate up.   The ISX, investment in agriculture and manufacturing, the "investment side" of the budget, tariffs, oil and gas subsidies, ration subsidies, etc..on and on.   Though Maliki may want to "just replace" with no change, I do not see how that could succeed.  How they could achieve the goals to be a "donor" state at the World Bank within a few years?  how they could succeed in the 2013-2017 economic plan?  So hang in there, IMO  the float is coming.

11-26-2012  Newshound Guru Kaperoni: This is the first confirmation we have heard of two plans...The original plan with Shabibi to which was IMO, the .86 "staging rate" and more recently the float.   To a new plan apparently as stated..."central bank about the currency exchange current damaged to another through a new contract with a foreign company to do so" which appears to be just a simple replacement of currency.  This also implies no significant change in value which would support Maliki's "weak dinar" policy.  That being said, a simple change in currency does them no good economically either.   But we will have to see when it happens.  The good news is the people and the banks know something is going to happen soon.

11-26-2012  Newshound Guru Bondlady:  hcl is being worked on, its no easy task when your dealing with a country whos lust for greed and power drives them  their so afraid someone else is going to get a cent more than the other...the last part of the hcl, the thorny part, is the profit sharing, who gets what ..where...and how much.  thats the point of contention they must do to appease all of them, thats what their working on, the rest is already in place.

11-26-12 Poppy3: A source said they are anticipating a change in the dong prior to the first of the year. Also, two different sources notified me that Ban Ki Moon (head of UN) and the President of Kuwait will meet mid December to sign their portion of the release of Chapter 7. If that is true then the RV has to be done prior to that.

11-26-2012  Newshound Guru Mike   We’re keeping an eye on things, the World Bank has come in to check things out, and the IMF is there checking things out… They’re trying to keep their corruption under wraps so that it doesn’t point back, but there’s a lot of people looking at it… There are going to be a lot of people that are gonna fall in this investigation, and Dr. Shabibi will come back when most of these people are gone…All good stuff! 

11-26-12 Mountainman: This Thursday the UNSC will be receiving a briefing on UNAMI and the progress Iraq has made regarding their possible release from Chapter VII. They will have a very strong case for removal and it would appear have international support at this point. SRSG Kobler has been in Iraq's corner, at least publicly, which is a good sign. 


11-26-12 LoriC: Merrill Lynch said that Iraq is the fastest growing economy in the world and that this will continue into next year. Iraq's GDP is increasing at an incredible rate their growth percentage beat out China. How much longer can the world's fastest growing economy remain with a worthless, undervalued currency with an artificial, imposed rate?

11-26-12 BGG: Article quote: "Barzani pointed out that the issue of withdrawal of confidence from al-Maliki was not his proposal, but all parties that participated in our meetings saw that it is a desired option at that stage and I did not mind." This isn’t rehash. There are too many current references here – so I would assume they have recently agreed the No Confidence vote is their best immediate option.

DISCUSSION OF MED, 26 NOV


Med (23:36:36): HEY DS JUST WANT TO LET ALL KNOW WHY THERE IS NO NEWS ON THE GAZETTE IT IS SHUTDOWN FOR TODAY I DO SEE THE SAME MISTAKES BEING MADE BY MEMBERS OF THE DAWA PARTY AND MAKING REMARKS TO THE WRONG COUNTRIES THE U.S. AND U.K.

SAYING WE BOTH ARE USING CHAPTER VII AS LEVERAGE YOU KNOW WHAT SO WHAT IF WE ARE THIS IS PROBABLY THE WORST CASE OF THE POT CALLING THE KETTLE BLACK

WE SEE A GOVT WHO HAS USED EVERY SNEAKY TRICK POSSIBLE TO STEAL...MANIPULATE THIS COUNTRY

EVERYTIME I READ A STATEMENT BY THE DAWA PARTY I AM LIKE SHAKING MY HEAD THINKING CAN SOMEONE BE THIS STUPID ON THE ISSUE OF THE FASTEST GROWING ECONOMY OR CAN IT BE   IT SURE CAN  BUT NOT UNDER THE CONDITIONS RIGHT NOW
  HECK WITH THE U.S. MILITARY THERE NOONE CAME IN

NOW WITH THE CRAZY IRADIC BEHAVIOR BY THESE POLITICAL LEADERS NOONE IS GOING TO RISK BILLIONS

SOMEONE WITH SOME MONEY TO LOSE MAY COME IN FROM A SMALL COUNTRY OR THE RUSKIES AND CHINA WHICH WILL BE A DISASTER

OK IT IS 1049PM CST NOT SURE IF I WAS TALKING JUST TO MYSELF OR NOT BUT Med: THAT IS AN UPDATE

Bam Bam: yes.. it is..

MORE CHAT ADDED LATER:

Cheeks (05:50:44): give me a few i want to post something

busman: how are you today?

Cheeks: good

busman: ok,np

Cheeks:excellent.. i think this might makes us get ready to go to the bank

Med (05:51:32): HEY HOSERS WELL SHUT UP AND POST IT   HOLY ****

Cheeks: http://www.bdlive.co.za/world/africa...-new-banknotes need to read it and the last paragragh is us 

 http://www.bdlive.co.za/world/africa/2012/11/25/zambia-zeroes-in-on-new-banknotes


Med: YES I READ IT

Cheeks: the timeline jan 1st

Med: I MEAN IT IS OK AND OK YES THEIR TIMELINE FOR THE ZAMBIAN REVALUE AND IT DOES EXPLAIN A SIMPLE REASON ALSO THAT CARRYING THAT MANY ZERO'S ON A CURRENCY COMES TO A POINT WHEN IT IS NOT FEASIBLE

Cheeks: right but if one is going to do it.. how many more on that day

Med: BUT ALSO IT SAYS THAT THEY WERE SUPPOSE TO DO IT IN 2014 3 DUH BUT NEWS AGENCIES OUT OF IRAQ THEY STATE ARE REPORTING A DELAY

NOW THE DELAY IS A GUESS EVEN THOUGH IF IT WAS ME THAT IS WHAT I WOULD SAY BUT WHAT IS STABLE FOR US AND STABLE FOR THEM

Cheeks: different  but just think outside the box here..

Med: COMPLETELY DSDME  ME  NEVER IF I DIDNT THINK OUTSIDE THE BOX ON EVERY STEP OF THIS BC I WOULD HAVE QUIT THE FIRST DAY  LOL

Cheeks: jan 1st is day im looking forward too me too

Med: ME TOO

Cheek: it's just to fishy now

Med: GONNA HAVE A NEW YEARS PARTY LOL

Cheeks: zambia came out of left feild ..

Med: IT DID BUT A COUPLE WEEKS AGO IT CAME OUT

Cheeks: and put it out thier saying that rv is jan1st

Med: YES I MEAN IT IS GOOD VERY GOOD AND I AS YOU WILL BE PAYING ATTENTION

busman: could this be the RV of several countries?

Med: IT HAS HAPPENED IN THE PAST BUS

Cheeks: so my point is that maybe once a yr IMf does it

Med: THEY DID IF YOU REMEMBER QUATAR SAUDI ARABIA KUWAIT AND ONE OTHER COUNTRY

Cheeks: yr that was jan med ?

Med: YES CHEEKS

Cheeks: if you read it again and change it to Iraq

Med: I DID

Cheeks: it song so sweet

Med: THAT IS HOW I READ IT TO BEGIN WITH IT READ THE SAME AS WE EXPECTED

busman: cheeks, just the reference of iraq, is good to me!

Med: IT IS A GOOD ARTICLE

busman: Iraq planned to delete three zeros from its dinar next year, but its news agency has reported that this will not be done soon “due to the lack of security and economic stability in Iraq”.   this bothers me "due to the lack of security and economic stability in Iraq”.

Med: YES BUT I HAVE NEVER SEEN ANYTHING THAT REFERENCES LACK OF SECURITY AS A PROBLEM THOUGH AS I SAID A FEW LINES UP

busman: i was just thinking that i have not seen that either

Med: IT IS TO ME

SpankyI: yes Med I think it would look awesome sorry got to go im at work(})

Med: OK GET GOING  BYE HON

SpankyI: (})

Med: OK HOSERS I AM RUNNING DOWNTOWN WILL BE BACK IN ABOUT 30 MIN NOW CHEEKS

busman: @5am?

Med: GREAT FIND BUT FIND THE ONE WITH IRAQ IN IT YOU GOT 30 MIN KEEP TIME BUS LOL
ok time for work ttl

http://www.bdlive.co.za/world/africa/2012/11/25/zambia-zeroes-in-on-new-banknotes

THE SITES THAT ARE SHOWING THE STRANGE RATES ARE SHOWING THEM LIVE, 26 NOV


[RindsGuy] winalot winalot I'm starting to wonder if my source was listening to the gurus. I kinda thought that but wasn't sure. If I talk to him again I'm going to ask him point blank where he gets his info.

[winalot] RindsGuy best to just ....wait.

[RindsGuy] winalot That's what I'm doing. I got in because I was told "it's going to happen very soon." and I'm still waiting :(

[winalot] RindsGuy yup... as we all are.

 [winalot] For any of you that are interested... I posted a reply to BWM's little sound-off about my banking and forex news...

 [Precious] http://beforeitsnews.com/alternative/2012/11/lindsey-williams-america-will-suffer-badly-13-nov-2012-2500434.html

[blc] Precious What Lindsey Williams episode were you listening too?

[Precious] the one Nov 14 2012

 [winalot] Precious good morning!

[Precious] gm hon...ready for some NEWS....

[winalot] I am!

[Precious] me too lol 
[winalot] Precious I was gonna call the bank again today... do you think I dare post what they say??? lol

[Precious] i am listening to lindsey williams...somethig gonna happen dec 4

[Precious] winalot yes hon....please DO...YOU are sronger than he whiners

 [healthy3] good morning Mig Precious winalot we appriciate what you put out there for us. Keep posting.

 [winalot] healthy3 don't worry... i plan on it

 [Plowboy] What dos this week hold? Much hopium?

[winalot] Plowboy there is always hopium

[healthy3] I look at it this way, if we didn't have all of the information put out there then none of us would know what was going on with this investment. All of you have put in a great deal of time to help us understand it a little better, and for that we appreciate you all.

[winalot] if owning dinar doesn't teach us all patience.. nothing will!

 [winalot] healthy3 agree

 [Plowboy] Healthy3 I agree wholeheartedly. Thanks winalot and thanks precious

[Precious] yw hon

[winalot] each of us has a something to contribute, an area where they know a little something... no one should be run down just because they are not liked by the person doin the runnin!  sorta childish

 [healthy3] winalot that is so true

[winalot] now... I have been guilty of running the everyday pumpers down... but... everyday??? lol

 [heartfelt] So where are we today other then just waiting.... win do you think there could still see something at the banks this morning since forex didn't change?

[winalot] heartfelt I think we are still waiting... and I don't think we will see it at the banks till ALL the forex sites show the same info

[heartfelt] ...and by the way..... thank you for stopping back and making visits with us. We don't hold you accountable for your information.... just always looking for a bit of hopium now & then. lol

[winalot] heartfelt I AM accountable for my info... as EVERYONE should be.

[heartfelt] winalot so it wasn't really LIVE in Euro or was it?

[winalot] heartfelt the sites that are showing the strange rates are showing them live... i suppose that is what they are seeing also... but i am not sure, since i am here!

[heartfelt] winalot yes, that is an accurate statement and I should make a correction.

 [heartfelt] probably all manipulation like everything else, so sad but true. Helps sell more dong

[winalot] heartfelt i don't think so.... Forex sites cannot continue to show false info.... people make financial decisions based on what they see on them. I can't explain what is going on.... seems no one can.

[winalot] heartfelt nope... so many of them are re-prints, contradictory or just way too confusing

[heartfelt] winalot yes uderstand that but when markets closed they could of, right>

[winalot] heartfelt ?? they can "do it" when ever they want... open or closed...

[aberry] winalot are these the same sites as before or diff from last time it was showing

 [winalot] aberry about half of the forex sites i watch are showing the dong abnormality....

 [MsDiva] winalot the Dong still progressing

[winalot] MsDiva it is still showing strange #'s... they are the same

[MsDiva] Is that msn and netdania

[winalot] aberry no... this is all new... since the beginning of last week

[MsDiva] I was on forex the actual site when I did VND/USD it showed 0.0000

[winalot] MsDiva no... netdania is NOT showing the change in the usd/vnd.. it does however show the vnd/eur, and vnd/aud with some wierd numbers...

[winalot] MsDiva hmmm.... which site? there are many forex sites

[MsDiva] Yea something is going on but no one is saying

[aberry] winalot ok last ??? can they change anytime they want or does it have to be on the 1st or 15th of every month

[heartfelt] MsDiva winalot I don't believe in the numbers climbing is anything we should count on. The new rates will just appear. Although the rates may be doing strange things imo and this is my opinion is is just false hopium to make as all curious and hopeful something is happening which keeps us buying. Don't bash me...just my opinion

[MsDiva] winalot I googled forex and clicked the first one I saw

[winalot] heartfelt and your opinion could be right... I am just pointing out things for us to think about!

heartfelt] winalot just my opinion ..and thank you

[MsDiva] Well they can keep it up cuz I'm too broke to buy lol

[charm] winalot netdania shows hong kong =hkd also

[winalot] I don't think "they" would employ forex sites for that though....

[winalot] charm yes.. several of htem... but not the USD..

[winalot] and there are at least 5 of the sites showing the exact same info... don't ask... I have NO idea why

[charm] winalot there is also % change showing with hkd

[winalot] charm there should be, if the numbers are changed

[heartfelt] winalot you know what I would like more then anything is one of those "old fashion round table" calls we use to have when Okie, D-money, BGG, Dewey, all the oldtimers [not in age] got together and spilled there opinions. If this thing doesn't burst by years end I think many of us will!!! Lol

[charm] I was told a week ago that vietnam did rv also today is good for iqd

[winalot] lol

[winalot] charm until we can go to the bank... ya know.. lol

[MsDiva] I think I will visit 5/3 bank today and see what they think is going on

[winalot] MsDiva good!

[heartfelt] MsDiva come back and give us the scoop would ya!!!

[charm] winalot i know been here did this before!!!!!

[MsDiva] heartfelt I sure will

 [winalot] MsDiva print out your putor screen with the numbers on it... take and show them

 [MsDiva] Yea good idea winalot I want to show them what I see

[winalot] MsDiva you have to... otherwise they look at you like u have a 3rd eye!

[winalot] Here is how forex works.... they do not determine the rates... they receive a "feed" from banks, average what they provide, and post rates according to their "feed". Not all the sites receive the same feed.... so the info is being supplied to them from somewhere....

  Late Sunday Night:

Maryrose] here is the last part of a poem I've always loved and it surely relates to this RV, Success is failure turned inside out... And you can never tell how close you are It may be near when it seems so far. So stick to the fight when you’re hardest hit It’s when things seem worst that you must not quit.

captaincaveman] I think if you combine the most recent Poofness post with what Precious posted and then take into account what Madame Lagarde said about rebooting and revamping the global banking system, then you can somewhat see where we are right now.

[candy] captaincaveman i agree with you, i am just afraid we are reading it through our dinar glasses.

[dwanna] Just got through reding about Wanta Reagan Mitterrand Protocols. WOW what an eye opener. There is sooo much about the world I do not know.

Jester] this part makes no sense as i understant W-R-M.... Note: IMF implementation of the Wanta-Reagan-Mitterrand Protocols continues relentlessly with the sovereign treasuries of the European Union nation members the recipient.

 [Jester] why would the Euro nations be the recipient...

Dinarblessed] blc hello

[blc] kids It is what Precious posted. Tom Heneghan

 [kids] blc THX..Isn't this what Dr Todd voiced?

[dwanna] blc- with increasing knowlwdge comes increasing pain.

[blc] kids Somewhat. he was more into the Global settlements and the marshal plan. Not sure sure he discussed the Wanta Funds.

[kids] do u think the global reset would be this blatent?

 [candy] kids it almost has to be. the $$ has to come form somewhere, especially if we are an asset backed system

 [geoworld] dwanna Theres enough to make your head swim

CURRENCY REBASING & DROPPING ZEROS


WHILE South Africans get used to the new banknote series, with the Big Five moved to the back of the notes, Zambia is preparing to remove three zeros from its money.

The Bank of Zambia has announced that the kwacha will be rebased by dividing it by 1,000, dropping three zeros off the currency, on January 1.

Zimbabwe’s regular and drastic currency rebasing a few years ago might have created the impression that dropping zeros is a desperate and cosmetic exercise, but analysts say it is often necessary to rebase a currency, ideally when an economy is stable and growing.

“Currency rebasing is usually implemented when there is a need to address costs associated with an accumulated loss in value of the currency that undermines its basic function as a store of value, medium of exchange and measure of value,” said Janine Botha, economist at NKC Independent Economists.

  The Bank of Zambia said high kwacha denominations were the result of high inflation for a long time. Zambia had very high inflation in the 1990s and early 2000s. Its inflation peaked at 188% in 1993.

Now Zambia has a K50,000 note, but this is worth less than $10. The Bank of Zambia said this resulted in inconvenience and risks in carrying large sums of money for transactions. It has also led to increasing difficulties in maintaining bookkeeping and statistical records, ensuring compatibility with data-processing software and higher costs in the payment system.

“Too many zeros on a currency simply becomes an administrative nightmare,
” said Jannie Rossouw, economics professor at Unisa’s department of economics. “People have to walk around with bags full of money. Zimbabwe issued a Z$100-trillion note at one stage, and at some point there simply is not enough space left on a note to print all the zeros.”

Michael Keenan, currency analyst at Absa Capital, said that after the earlier hyperinflation in Zambia, which caused the currency to drop in value, Zambia’s economic backdrop had improved substantially.

“They have current account surpluses, inflation is about 6%, everything is kind of back to normal, but they still have this currency with all these decimals. It makes sense for them to drop off these zeros, because it will be a lot more convenient and safer.”

Ms Botha said a currency was usually rebased when economic conditions were considered favourable, with low and stable inflation, favourable macroeconomic conditions and good economic prospects.

She said that, in addition to making transactions easier due to the use of smaller units of money, the rebasing of a currency often tended to create greater confidence in the currency as too many digits or zeros could lead people to lose confidence in the currency.

“It also has the potential to enhance policy credibility, assuming that government remains committed to maintaining macroeconomic stability. This would be so as to avoid the return of many zeros on the currency.”

Mr Rossouw said some countries rebased currencies in the mistaken belief that it would curb inflation. “You need other steps as well. You cannot simply rebase your currency and do nothing else and think that will bring inflation under control.”
Mr Keenan said there was even a risk of inflationary pressure when a currency was rebased.“There will be some rounding, and while the effect will be small per item it could bring about a bit of inflation if you add them up. It happened in Ghana when they rebased their currency. The other potential disadvantage is you have the risk that people assume your currency weakens.”

Ms Botha said that, at the broadest level, rebasing a currency did not alter the value or purchasing power of the currency.

According to the Bank of Zambia, exchange rates will also be rebased, with the rule of 1,000 old kwacha equalling one new kwacha.

Mr Keenan said the South African Reserve Bank held some kwacha in its foreign reserve basket, but the foreign reserves were always measured in US dollars.

“If they drop the zeros off the kwacha, the dollar value of that portion of the reserves will remain the same. It will not increase or decrease the  Bank’s holding of kwachas.”

How the old K1000 becomes the new K1

Zambia currently has banknotes for K20, K50, K100, K500, K1,000, K5,000, K10,000, K20,000 and K50,000. It has coins for K10, K5, K1, 50 ngwee and 25 ngwee.

After January 1 there will be a new note series for K100, K50, K20, K10, K5 and K2 and coins for K1, 50 ngwee, 10 ngwee and five ngwee.

An item that cost 1,000 old kwacha on December 31, will cost one new kwacha on January 1. From January 1 to June 30 next year all prices will be denominated in the old K-symbol currency and temporarily in the new KR currency. During this time, goods and services can be paid for in both currencies.

From July 1 next year, the old currency will not be accepted, but it will be exchangeable for a year thereafter for the new currency at the Bank of Zambia, commercial banks and designated agents. The new currency will get the symbol K.

From July 1 2014 to December 31 2015, exchanges will be at the Bank of Zambia only and thereafter old currency will have no value.

Losing the zeros

South Africans are not strangers to the concept of a currency losing zeros, particularly as neighbour Zimbabwe has gone through several such exercises in the past decade.

However, the process in which Zimbabwe chopped a total of 25 zeros off its currency between 2006 and 2009 is not an example of how rebasing should be approached.

As inflation started to increase in Zimbabwe in the early 2000s, the central bank simply printed more money and larger denominations, fuelling inflation even further. In October 2008, one US dollar cost about 2.6-billion Zimbabwe dollars.

Zimbabwe stopped using its own currency in 2009 and now uses the US dollar and the rand.

Some of the more successful examples of currency rebasing have been in Ghana, which dropped four zeros off the cedi in 2007, and Mozambique, which lost three zeros from its metical in 2006.

Turkey knocked six zeros off its lira in 2005. Iraq planned to delete three zeros from its dinar next year, but its news agency has reported that this will not be done soon “due to the lack of security and economic stability in Iraq”.

* This article was first published in Sunday Times: Business Times

http://www.bdlive.co.za/world/africa/2012/11/25/zambia-zeroes-in-on-new-banknotes