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DINARESGURUS.BLOGSPOT.COM_________________ _______

Wednesday, February 20, 2013

THEY ARE PLANNING TO ANNOUNCE THE BUDGET AT 2 AM CST, 21 FEB

[WCW] all i m telling u is they are planning to announce the budget at 2 am cst if it gets moved like it has the last 4 weeks dont look for the rv nuff said

 [garfield] WCW - You are doing a great job in case nobody else has noticed it

[geoworld] Jester Days of Iraq or As the Dinar turns roflmao 

 [Jester] who said they were announcing it at 2 am? their schedule keeping is worse than o's...

[sandytob] Jester there were articles that we read earlier today that stated that.

 [spiritfilled] Jester the 2 am they are talking about is 2 am CST which is 11 am in Iraq

[WCW] Jester it came out in an article today

THIS WEEK IS OF HISTORICAL IMPORTANCE,20 FEB

[..SAMBO] GOOD EVENING ALL - JUST A LITTLE UPDATE - I TALKED WITH OKIE AND HE DID NOT HAVE ANY NEW INFO BUT ASKED ME TO RE POST HIS NOTE FROM MONDAY - HE SOUNDED REAL GOOD AND THANKS EVERYONE FOR YOUR PRAYERS FOR HIM - HE IS NOT COMPLETELY HEALED BUT DEFINATELY WELL ON THE WAY - HERE IS HIS POST FROM LAST MONDAY

**4:56 PM [..OKIEOILMAN] THIS APPEAR'S TO BE A WEEK OF SUCH HISTORICAL IMPORTANCE THAT YOUR GREAT GRANDCHILDREN WILL READ ABOUT IT IN THEIR HISTORY BOOK'S 100 YEAR'S FROM NOW----NUFF SAID!!!!!!! **

OCRUSH POST : " WE MIGHT SEE THIS THING DONE TOMORROW!", 20 FEB

Posted Today, 07:43 PM  Ocrush Comment Today

They are completing the final version of the budget.  They are ALL in agreement.....YIPPEEE!  We might actually see this thing done tomorrow!  My cousin sent me the funniest email I ever recieved fron him:))  He is excited!!  

He also said many good laws will pass with it.  I did'nt press the matter, we shall find out in a few hours!  Cheers TO ALLLLLLLL:)) 

I sent him the article that Rec V posted to start this thread and this was his reaction :D 

Wow!!!!!!!!!!  Holy smokes the Antiquities Law!!!!!!!!  This is the law that has the lower denoms law attached to it!!!!!!!!!!!!  I put out a post on this with proof a few weeks ago!!  HOLY COWS!!!!!!!!!!!!  ITS ALL COMING TOGETHER!!

I think the antiquities law has the power share for the iraqis.  The education law has the project delete the zeros (lower D's). I posted that also back in December!  Cheers All :)) 

What a coinsidence to have the Antiquities Law and the Budget law to be voted on the same day!!!!     I AM VERY EXCITED!!!!  CHEERS!!!!!

DINAR GURUS UPDATE, 20 FEB


2-19-2013 *** Dinar Guru BREAKING NEWS *** An article just surfaced...a high political source leaked the US Treasury and US Federal Reserve delegation will hand deliver a letter informing the Government of Iraq they are concerned about Iraq's financial developments and the U.S. will NOT renew DFI fund protection...the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq “DFI” of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government’s decision not to renew according to an official letter."  If this holds...it means unless Iraq has agreements in place with disgruntled countries, businesses and individuals before May 2013 BILLIONS of Iraqi funds will be vulnerable.  Stay tuned...the gurus will comment on the ramifications (good and bad) of this major news leak and how it effects your investment! 
2-20-2013  Intel/Newshound Guru Poppy3   gold continues to fall. the upcoming rv will continue to drive it down and if all will remember what POPPY3 HAS BEEN SAYING FOR 3 PLUS YEARS...THAT PEOPLE PAYING THE HIGH PRICES FOR GOLD WOULD LOSE.  IT WAS OVER $2000.00 AND CLIMBING AT THAT TIME----WHEN THE RV HITS THE DOLLAR WILL RISE AND GOLD WILL DROP LIKE A ROCK. READ THE HISTORY OF GOLD IN RELATION OF THE DOLLAR.   WILL SHOW WHAT IS TO COME.

2-20-2013  Newshound Guru Adam Montana   My personal opinion on our situation is still positive for the same reasons as last week. With this talk of an upcoming revaluation from 1166 to 1000:1, it's not hard to imagine all of the ways this is good. Not only is it an immediate increase, a great way to begin encouraging ALL Iraqis to carry IQD instead of USD, and could open the door for much bigger gains... it's also solid proof that we are holding a winning ticket. Not much more you can ask for at this point, other than the actual RV!!!!

2-20-2013  Intel Guru SteveI   I just got word that there will be no vote in this session. Maybe Thursday they will try again and that is a huge maybe. Kurds are at it again with more demands, so until someone steps up to the plate and says "NO MORE", then it will be a while longer.  Now for the good news, they are still working on getting this done. Also good news, please correct me if I am wrong, but they will need to open up the budget to repay the IMF...Stand-By Arrangement (SBA).   Now that the bad news and good news was presented, here is the great news, NO BUDGET, NO MONEY!

2-20-2013  Intel Guru Frank26    This will not touch their reserves, in fact, it will increase their reserves.  How is the CBI going to make money now?  Because, they are going to sell the lower denoms to the banks at a much better rate.  The Iraqi citizens will not become rich millionaires but the currency will have stability and security.  It looks like they are being mean to the Iraqi citizens. No.  They are controlling their money, preventing the laundering of the money.  I love what they are doing.  This is high technology, this is high tech protection for a currency that is about to go up in value.  Why would they use their currency when they hate it if they were not about to add value to it.  [post 4 of 4]

2-20-2013  Intel Guru Frank26    I hope you understand the power behind this. Why are they doing this?  Because they are trying the force the citizens to stop using foreign currency, because they are about to introduce the lower denominations.  Do you see a similarity here?  How much are you allowed to get from a bank here?  $10,000 a day.  The same banking systems that you see world wide, you are now seeing in Iraq and the announcement was made today [Tuesday].   [post 3 of 4....stay tuned]

2-20-2013  Intel Guru Frank26   When you do a transaction you cannot use your ID card any longer, instead you have to use a passport.  It takes months to get a passport if they can afford one.  They have tied their hand and their feet.  There will be a uniformity to acquire hard cash.  They will allow you to have foreign currency under these limitations, but you cannot go to any bank on any day.  It will be a specific bank on a specific day.  This makes it almost impossible to get USD.  This is to force the Iraqi citizens to give up the USD and say yes to the IQD.  [post 2 of 4....stay tuned]

2-20-2013  Intel Guru Frank26   Three days ago an announcement was made to the Iraqi citizens and is on the CBI website, the Arabic side.  The CBI has told the Iraqi citizens they will no longer be selling hard cash to the citizens and the CBI will no longer sell them foreign currency.  If you want foreign currency you have to go to the State Banks or Islamic Banks. Also, you will no longer be able to take out 50,000 USD or any other foreign currency per day as you did in the days of Shabibi.  It is no longer accessible to you within 24 hours, you will now be limited to only 10,000 of a foreign currency per month.  [post 1 of 4....stay tuned]

2-20-2013  Newshound Guru Tlar   IMO...this is why most likely these companies don't fear the threats of no more contracts with Bagdad if they sign directly with Kurdistan.  It's just cheaper to explore, develop and produce in Kurdistan.  These companies by pass the upfront blackmail charged charged by Bagdad, Shahristani in particular.  They make more money in with less hassles in Kurdistan without having to pay the billions upfront to get a contract. [post 2 of 2]

2-20-2013  Newshound Guru Tlar   Pretty soon unless Bagdad changes their attitude, there will be nobody left to do oil business with Bagdad and Kurdistan will be producing, transporting, and delivering as much oil as the government of Iraq.  This is a good thing because sooner or later Bagdad, Shahristani in particular, will have to accept the HCL and Kurdistans contracts in place, or he misses out.  [post 1 of 2....stay tuned]

2-20-2013  Newshound Guru Mailman17      NOW,  DID IRAQ (NOT INCLUDING OLD MALIKI) KNOW THIS WAS COMING?   I THINK THEY DID.  HENCE THE PUSH ON THE ART 140, HCL,  ECT.   BUT,  I BELIEVE THIS IS A WARNING TO IRAQ THAT NO DELAYS WILL BE TOLERATED, NOT EVEN A DAY, IMO.   THE POWERS TO BE HAVE HAD IT. ITS TIME TO PLAY HARD BALL.  I ACTUALLY FEEL GREAT ABOUT THIS HAPPENING AND HAPPENING REAL QUICK.  NOW ITS TICK TOCK TIME, IMO.

2-20-2013  Newshound Guru Mailman17    THE WORLD IS GONNA HIT THEM WHERE IT HURTS THE MOST...THE POCKETBOOK, FEB 23, LOAN DUE...NO EXTENSION.  BOTH ASSETS ABROAD AND NOW IT SEEMS EVEN THE DFI THAT WAS PROTECTED BY THE US IS ALSO UP FOR GRABS.   BOUT TIME THEY FIGURED OUT THE ONLY WAY TO HURT THESE GUYS IS TAKE THEIR MONEY.  THOSE INVOLVED WITH IRAQS PROSPERITY, IMO, HAVE FINALLY SAID ENOUGH.  NO MORE THREATS, NO MORE PROMISES YOU NEVER INTEND TO KEEP,  BAM, ENOUGH IS ENOUGH.

LET IT HAPPEN AND LET IT COME TO YOU, 20 FEB


Greetings,

I just got word that there will be no vote in this session. Maybe Thursday they will try again and that is a huge maybe. Kurds are at it again with more demands, so until someone steps up to the plate and says "NO MORE", then it will be a while longer.

Everyone seems to be obsessed with this and it is about time you all sit back and take a break like I have. Let it happen and let it come to you. Sitting up all night will get you absolutely nothing but more frustration and aggravation. Please put this behind you and let it go until they all finally come to agreement and start moving in the right direction for their people, in the mean time, you and I are not suffering, but the citizens of Iraq are.

Thursday will come and you all will be obsessed again, the it will get moved to Sunday, etc., so until you let it go it is just not healthy.
Read the bible, read a book, spend more time with family and friends, spend time resting and preparing for the big day, spend time doing something, but quit hitting the "What's New" every few seconds. This site will still be here when you return. All members in good standing with valid emails will be notified when we here officially that it has been voted on and finally passed, so until then, take a well deserved break. This goes for you Mods as well.

Now for the good news, they are still working on getting this done. Please do not buy into all the crap in the dinarrecap blogs as they are there to bolster their egos and nothing more. Not one of them are correct, but they will continue calling it every day trying to be first. This "blinking bank screen" crap is nothing more than a fictional statement to keep you coming back so they can share more of the Bull (you know what).

Also good news, please correct me if I am wrong, but they will need to open up the budget to repay the IMF. Two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.8 billion), approved by the IMF's Executive Board on February 24, 2010. The IMF's Executive Board completed the first program review on October 1, 2010, and the second review on March 18, 2011, bringing the total resources currently available to Iraq under the arrangement to SDR 1069.56 million (about $1.7 billion). At the time of the second review, the program duration was extended by five months to July 2012, along with a rephasing of program disbursements based on a shift in financing needs from 2010 into 2011.

The Executive Board of the International Monetary Fund (IMF) approved on July 20, 2012—on a lapse-of-time basis1—a seven-month extension of Iraq’s Stand-By Arrangement (SBA), to February 23, 2013.

The SBA had been scheduled to expire on July 23, 2012. The extension, which had been requested by the Iraqi authorities, will provide them with time to implement the policy measures needed to complete the

combined third and fourth reviews under the SBA. The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the

exchange regime.

The two-year Stand-By Arrangement (SBA) in the amount of SDR 2.38 billion (about US$3.58 billion), was approved by the IMF's Executive Board on February 24, 2010 (see press release 10/60). The IMF's Executive Board completed the first program review on October 1, 2010 (see press release 10/373), and the second review on March 18, 2011 (see press release 11/90). At the time of the second review, the program duration was extended by five months to July 2012, along with a rephasing of program disbursements based on a shift in financing needs. Total resources currently available to Iraq under the arrangement amount to the

equivalent of SDR 1307.24 million (about $1.96 billion).

Iraq is estimated to have the world’s second-largest oil reserves, with reserves of 143 billion barrels. By the 1970s, Iraq’s oil resources had enabled the country to reach middle-income status, with a modern infrastructure, and good education and healthcare systems. Since then, however, the country has suffered through three devastating wars, a long period of economic and financial mismanagement, and

international sanctions imposed during the 1990s. These events severely damaged political and economic institutions and undid earlier economic and social gains. By 2004, per capita GDP had fallen to less than US$800 from US$3400 in 1980, and the country suffered from a crippling debt burden.

The task of rebuilding the country after 2003 remains immense and is made harder by sectarian politics and prolonged violence. Iraq’s reconstruction requires not only the rebuilding of its infrastructure, but also of its economic and social institutions and the creation of a business environment that attracts capital and brings with it new technology and skills to modernize the economy. Iraq’s huge oil reserves could, in principle, provide the revenues needed to finance the reconstruction, but strong institutions and favorable business environment are needed to use these resources effectively. The longer-term outlook is strong as domestic and

foreign investment in the hydrocarbon sector is bearing fruit. According to the Ministry of Oil, oil production reached 3.3 million barrels per day (mbpd), of which 2.6 mbpd are exported, and extraction and exports are projected to increase considerably in the years ahead. Nevertheless, Iraq’s economic prospects continue to be subject to significant risks, deriving mainly from institutional and capacity constraints, oil prices volatility, delays in the development of oil infrastructure, and an extremely fragile political and security situation.

For the new members, you wonder what the loan was for. Well here is a bit about it.

 The current program aims to continue to support the reconstruction of Iraq. Following the successful conclusion of Iraq’s second SBA program, the IMF’s Executive Board approved a new two-year SBA program on February 24, 2010 with an access of US$3.7 billion (SDR 2,376.8 million, or 200 percent of quota). The program provided a macroeconomic framework supporting the reconstruction efforts during the political transition following the March 2010 parliamentary elections.

In line with past programs, the key objectives of the current SBA are the preservation of macroeconomic stability and the adoption of policies and measures to promote sustainable growth and poverty reduction. The financial resources envisaged in the context of the program were meant to be made available to respond to the drop in oil prices from their peak levels in mid-2008, which translated into a substantial deterioration of Iraq’s external position in 2009 and to a financing gap in the government finances.

Besides preserving macro-stability and providing budgetary support, the program also supports the authorities’ medium-term structural reform agenda. This agenda relies on three key pillars:

    Modernizing Iraq’s public financial management system. This encompasses improvements in the allocation, execution, transparency, and accountability of the mobilization and use of public

    resources. Priority areas include improving budget preparation, reporting and cash management, public procurement, internal audit and control systems, and the accounting framework.


    Developing the financial sector. This pillar relies on enhancing Central Bank of Iraq (CBI) operations and promoting a banking sector that can provide basic financial services, including, crucially, to the private sector. Reinforcing central banking operations includes rebuilding the capacity of the central bank to conduct monetary and exchange rate policies, supervise banks, and manage the country’s foreign exchange reserves. The financial restructuring of the two main state-owned banks is an important step to help establish the conditions for the banking system to extend credit to the private sector.

Strengthening governance in the oil sector. As part of the authorities’ efforts to increase transparency and accountability in the oil sector, Iraq became a candidate member to the Extractive Industries

Transparency Initiative (EITI) in February 2010, and produced its first EITI report in December 2011. Efforts in this area are also directed at completing the installation of oil metering systems, which will help reconcile oil production and export data with budget revenues from the oil sector, and at maintaining a single account for all oil export proceeds.

Now that the bad news and good news was presented, here is the great news, NO BUDGET, NO MONEY!

Have a safe week and we will talk more later this week.

God Bless each and every one of you.

Steve

By the way, I will be creating a special post regarding taxes where you can ask anything and everything. I have a very special CPA that will be a guest on that post to help answer them. Now this will be worth coming back for. Should have it going in the next day or two.

STRYKER POST, 20 FEB

2-20-13 Stryker: AS YOU CAN SEE 'if you go to the CBI Website", NOTHING HAS CHANGED, THE AUCTION AMOUNT IS AVERAGE TODAY........

THIS IS THE COMPLETE ARTICLE BROKEN DOWN WITH NOTHING MISSING...

AND THIS IS JUST MY OPINION OF THIS ARTICLE AND IS NOT MEANT TO SAY I KNOW EXACTLY WHAT THIS GUY IS SAYING BUT WITH OVER 10,000 HOURS OF RESEARCH, I HAVE A PRETTY GOOD IDEA FOLKS !

**** Economic expert warned Jalil al-Rubaie, ..... AS YOU CAN SEE IT IS AN OPINION PIECE BUT I LIKE HIS OPINION, AS YOU WILL SEE IN HIS LAST TWO STATEMENTS ....

**** reduce the size of the hard currency sales at a central bank auction because it will affect the exchange rate of the dinar against the dollar ..... I BELIEVE HE IS SAYING DON'T REDUCE BECAUSE IT WOULD EFFECT THE EXCHANGE RATE OF THE DINAR AGAINST THE DOLLAR ....... HE IS WOULD BE RIGHT .....

**** calling for a balance between the buying and selling of currencies in the market. ..... AS REPORTED IN THE OCTOBER REPORT TO CONGRESS ....

**** No central bank can reduce the sales of hard currency in the public auction, ...... MEANING THAT A PETRODOLLAR COUNTRY MUST SELL OFF THE DOLLARS THAT FLOW INTO THE COUNTRY. IF YOU THINK I'M WRONG ON THIS ONE JUST LET ME KNOW, SOME ARE BETTER AT THIS ONE THEN I.....

**** because it will lead to increased demand for the dollar in the market, ... WE HAVE READ ABOUT THIS BEFORE AND EVEN WHEN THE DOLLAR AMOUNTS WERE HIGH ...

**** what makes the dinar exchange rate drop dramatically. .... HE IS TALKING ABOUT THE MARKET EXCHANGE RATE FOLKS, NOT THE CBI RATE .....

**** He added: the central bank should take policy balance, buying and selling of foreign currency in the market to maintain a stable exchange rate of the dinar against the dollar. ....... AND THIS IS EXACTLY WHAT THEY HAVE DONE, SHABIBI SET THIS UP IN 2003 AND IT HAS NOT CHANGED, THAT'S WHY SO MANY ARTICLES SAY THAT HE WAS DOING EVERYTHING RIGHT AND THEY HAVEN'T CHANGED A THING SINCE IS NON RETURN TO IRAQ ....

**** He explained: ....... NOW THIS IS WHAT WE LIKE TO HEAR FROM AN ECONOMIC EXPERT LIKE THIS .....

**** that monetary policy pursued by the Central Bank of the current is good because it maintained the stability of the value of the dinar,

**** saying it aims to increase its exchange rate against international currencies in the coming periods

THEY ARE TRYING TO FORCE THE CITIZENS TO STOP USING FOREIGN CURRENCY, BECAUSE THEY ARE ABOUT TO INTRODUCE THE LD, 20 FEB

2-20-2013 Intel Guru Frank26: Three days ago an announcement was made to the Iraqi citizens and is on the CBI website, the Arabic side.  The CBI has told the Iraqi citizens they will no longer be selling hard cash to the citizens and the CBI will no longer sell them foreign currency.  If you want foreign currency you have to go to the State Banks or Islamic Banks. Also, you will no longer be able to take out 50,000 USD or any other foreign currency per day as you did in the days of Shabibi.  It is no longer accessible to you within 24 hours, you will now be limited to only 10,000 of a foreign currency per month.
 
When you do a transaction you cannot use your ID card any longer, instead you have to use a passport.  It takes months to get a passport if they can afford one.  They have tied their hand and their feet.  There will be a uniformity to acquire hard cash.  They will allow you to have foreign currency under these limitations, but you cannot go to any bank on any day.  It will be a specific bank on a specific day.  This makes it almost impossible to get USD.  This is to force the Iraqi citizens to give up the USD and say yes to the IQD.


I hope you understand the power behind this. Why are they doing this?  Because they are trying the force the citizens to stop using foreign currency, because they are about to introduce the lower denominations.  Do you see a similarity here?  How much are you allowed to get from a bank here?  $10,000 a day.  The same banking systems that you see world wide, you are now seeing in Iraq and the announcement was made today [Tuesday].


This will not touch their reserves, in fact, it will increase their reserves.  How is the CBI going to make money now?  Because, they are going to sell the lower denoms to the banks at a much better rate.  The Iraqi citizens will not become rich millionaires but the currency will have stability and security.  It looks like they are being mean to the Iraqi citizens. No.  They are controlling their money, preventing the laundering of the money.  I love what they are doing.  This is high technology, this is high tech protection for a currency that is about to go up in value.  Why would they use their currency when they hate it if they were not about to add value to it.
 

ADAM MONTANA CHAT, 20 FEB


[Adam Montana] Good morning everyone I hope you are all doing well this morning! As you can see, the site underwent a pretty major change this week.  As a result I have a ton of bugs and kinks to work out, so I am going to keep this chat brief.

[Adam Montana] My personal opinion on our situation is still positive for the same reasons as last week. With this talk of an upcoming revaluation from 1166 to 1000:1, it's not hard to imagine all of the ways this is good.

Not only is it an immediate increase, a great way to begin encouraging ALL Iraqis to carry IQD instead of USD, and could open the door for much bigger gains... it's also solid proof that we are holding a winning ticket. Not much more you can ask for at this point, other than the actual RV!!!!

[Adam Montana] ok, questions! kcw, welcome back - the rest of the Team did a great job covering for you while you were gone, but it is good to see you here again    Go ahead
  [kcw] TomRiddle What's your take on the recent articles talking about moving from 1166-1000? The daily auctions have been dropping, your thoughts?

[Adam Montana] Tom, I love the articles on moving the rate to 1000:1. I could write a 5 page essay on why, but I have bugs to work out in the new site layout so I'll just sum it up: I like it. :twothumbs:

  [kcw] Luigi1 Why can't the Kurds just name a replacement for Talabani? What is so difficult it can't be done? This ain't rocket science.

[Adam Montana] Luigi1 that's a great question. My answer is "strategy". They are in complete control, whenever they need to do it they will simply do it. Like you say, it's not rocket science.

[kcw] waitingondinar Adam, can you elaborate on the article title: Source: Washington worried about the situation in Iraq; Will not renew DFI protection in 2013 Also, the meeting to discuss the 2013 budget has been postponed 3 times. This pattern can continue forever. Have there been any ne developments in the HCL or Chapter 7?

[Adam Montana] hey waiting, thanks for the question. Ever see the movie Groundhog Day? They did this last year, same scare tactics, same budget delays, etc... at the end of the day, we saw Iraq go forward and the value increase (not a lot! But it definitely didn't DECREASE!)

 [kcw] chess ADAM: This is perhaps my non sequitur RV frustration coming through. Are they just printing up more and more pretty paper to sell, as to suck in more of our (and other country) dollars?......thank you

[Adam Montana] There's not as much dinar outside of Iraq as one would think. When you are surrounded by dinar investors, it is easy to think that "everyone has dinar!" - but that's simply not the case.

 [kcw] userghost How does this investment differ from other investments that you have made?

[Adam Montana] Oh jeez... that's about as broad a question as you can get! :lol:

[Adam Montana] I'm invested in Real Estate, stocks, precious metals, speculative ventures, and all kinds of other things. One thing that really stands out though

is that with a penny stock or a startup company, you don't know as much as I feel we know about Iraq.

[Adam Montana] with real estate, depending on how you go about it, you can make a decent guess on what you will make given the market conditions and your plans for the real estate (depending on if you are developing, flipping, renting, etc)  of course, you can lose your tail in Real Estate as well... and with a penny stock or a startup company, you can lose out on those too.

[Adam Montana] If anything, I think the Iraqi Dinar is a great thing to stick a couple grand into and just see what happens. You can't get into Real Estate for that small of a commitment, and a penny stock or a startup is pretty much the same. Hope I answered your question... that was a tough one!

 [kcw] Whiplash Any comment on this from Tues eve? An article just surfaced...a high political source leaked….

[Adam Montana] Don't take this personal, but I read as far as "a source leaked" and I deleted the rest of the question. I'll stick to basing my opinions on facts, not rumors or "sources". :twocents:

[Adam Montana] next please!

[kcw] soonerdoc Adam, thank you for all you do for us in regards to this investment. My question is in regards to the amount of dinar currently in circulation? It's estimated to be around...

This has been tossed around for years now... unfortunately we have no reliable way of knowing this figure. The CBI could tell us, but they are under no obligation to do so, and they are very tight-lipped about it.

The "estimates" you will see out there all have some chance of being accurate - the problem is where the estimate is coming from. If it's coming from a l0pster, they tend to estimate high. If it's coming from the other end, they tend to estimate low.

You probably want to find the two ends of the spectrum and just aim for the middle... but that brings up this question: Who cares what the exact number is? If Iraq is going to continue to move forward, and they continue to increase the value, and they eventually RV... I don't care how much is in currency. I DO care how much is in my safe! :lol:

 [kcw] Seabee1972 Thanks Adam, for taking the time to answer this question. Over the years I have been reading how Iraq has billions of U.S. dollars in their possesion. To me this is what seems to me to be driving their half stalled economy and how they are able to pay the big contract work.

It is no wonder why inflation is low when then country is awash in U.S. dollars. It would appear, given this senario a big reason why we have not seen an RV as of yet. Adam, am I way off base in my thinking and is this perfectly normal for a country to operate with two currencies side by side like Iraq is doing?

It would make sense for Iraq to drag its feet when you have a situation like this. What are your thoughts on this? Thank you sir. Also, for all of those in the know out there. are there any vets out there that would know in fact if Agent Orange was used in Diego Garcia in the early 1970's? Any help would be appreciated,

[Adam Montana] Seabee, good post. I don't think you are off, your points are valid. Regarding the two currencies - yes, this is pretty common throughout the world. The USD is taken just as freely as the native currency in many countries.

[kcw] Brisco adam - i feel that the reason for them pushing on all the major topics so hard lately has to do with the rescinding of protection of the DFI...I think this monitary pressure will motivate allot better than diplomacy. " what are your thoughts" could this be the last straw in iraqs money vault if they think they have problems NOW?....WAIT....

The vultures will be literally clawing their way into every penny they have all 900 billion in assets. Does this have the power of s**t or get of the pot or not. Thanks & i really like the web site changes

[Adam Montana] Monetary policy is indeed going to be a bigger push than political pressure. Right now Iraq is under minimal political pressure - the UN huffs and puffs but there is no real CONSEQUENCE to their actions or inactions. Iraq is going to move when they have to, or when they want to... and it will be for money. One way or another. :twocents:

[Adam Montana] Ok that was it! Thank you all for your patience as the new site layout is worked through, try not to break anything, and of course GOOOOO RVVVVVVVV!!!!!!!!!!   :tiphat:

I'm off like a wild herd of turtles y'all... have a good day  

Source: Washington worried about the situation in Iraq; Will not renew DFI protection in 2013, 20 feb


Source: Washington worried about the situation in Iraq; Will not renew DFI protection in 2013

The time on Tuesday, February 19 / February 2013 09:58 | |
A senior political source revealed about the intention of the U.S. administration to inform the Iraqi government a message that the U.S. government is concerned monetary and financial developments taking place in the country.
He said that the U.S. Embassy in Baghdad told the Iraqi government that the U.S. delegation from the U.S. Treasury, “financial” will arrive in Baghdad with a bank officials the U.S. Federal Reserve, “Federal Reserve” to inform the Iraqi government a message that the U.S. government is concerned about financial developments and current cash in the country.
The source, who preferred anonymity, said that the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq “DFI” of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government’s decision not to renew according to an official letter.
The source pointed out that the U.S. administration has become concerned about the future of Iraq in light of the political pressure that the country is going through, stressing that they indicate a clear case of exclusion of several political components.
Was created Development Fund for Iraq DFI in May of 2003 by the director of the Coalition Provisional Authority was recognized, under Security Council resolution for the United MMA 1483 and after the dissolution of the Coalition Provisional Authority in June 2004, has been delegated the U.S. government by the Government of Iraq to manage funds of the Development Fund for Iraq, which was made ​​available to reconstruction projects, and the U.S. Defense Department, the administration of the said fund on behalf of the U.S. Government, authorization was withdrawn with effect from 31 December 2007.
The Iraqi government is keen to ensure that the extension of the work of the Fund, which was established in 2003 after the fall of Saddam Hussein in order to protect the revenue from sales of oil and natural gas in Iraq. Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, as well as freezing of large amounts of its assets financial in international banks.

TERRYK UPDATE & HIS RECORD OF CREDIBILITY, 20 FEB

2-19-13 TerryK: I GOT YESTERDAY THAT THIS MAY PUSH OUT A FEW DAYS FROM ONE SOURCE, THIS SOURCE IS A GOOD ONE...BUT DON'T FRET ITS COMING.  NOW THE OTHER SOURCE IS TELLING ME AT ANY MOMENT AND HE IS IN THE KNOW, SO I GUESS WE WAIT AND TRY TO SEE HOW THIS PANS OUT. 

I HEAR THAT THE RATE IS FLUCTUATING ACCORDING TO SOME, NOT SO BY OTHERS. I'M HEARING THE 22 AND THEN THE 25.  I'M HEARING NOTHING HAS CHANGED AND TONIGHT THINGS ARE TO MOVE, FROM MAIN SOURCE.  NOW I DID HEAR THIS, FOREX SITE WENT BLANK FOR ABOUT 10 MIN TODAY.  CL [CHRISTINE LEGARDE] WENT TO RUSSIA AND NOTHING WAS DONE. 
---------------------------------
REBEL POST:

The following info is posted for your reference.
A quick review of TK's postings on Dinar Recaps from December 4 up through January 3 reflects the following rv calls by TerryK (TK):

12-4 > All but 25% of pp's have been delivered. Look for rv tonight.
12-5 > rv pushed back. Look for it tonight
12-6 > 95% of pp's out. Pushing rv to weekend. $75 trillion delivered to US banks.
12-8 > Rv by Sunday (9th)
12-9 > RV Sunday (same day)
12-10 > Rv Tuesday
12-15 > Woman in China signed off and rv Sunday (16th)
12-16 > pp's being delivered. All signed off. Rv tomorrow night.
12-16 > (2nd post) Rv tonight.
12-17 > It's there just trust and wait.
12-17 > (2nd post) Hot news but have gag order
12-18 > Wednesday at noon.
12-21 > Tomorrow is big day.
12-26 > May go tomorrow. Will happen before end of the year.
12-29 > Rv tonight through Sunday
12-29 > (2nd post) Scheduled for tomorrow night. Mid $3's
12-31 > Dinar is active in Europe
1-2    > A lot in the works. Look for it at 4 p.m. on the 3rd
1-3    > RED HOT, RED HOT. pp's being delivered. We're in the money.
Then he pulled his postings on Recaps. Thereafter - the same crap continues.
The following TK rv calls were taken from those posted on Dinar Detectives by others beginning with January 10.
Update 1-10 > This Thursday but not going past the 20th.
Update 1-11 > Will go down between 3 and 4 am EST on 1-12
Update 1-12 > Cash in Monday. Rate at $3.22
Update 1-13 > Thursday (17th), coming out at $3.68 and floating up fast
Update 1-15 > Thursday/Friday time frame. Dong at .478
Update 1-16 > Looking wonderful for this weekend
Update 1-17 > Meeting in Hong Kong Friday for final sign off on RV expected to hit Sunday evening
Update 1-20 > Will see our blessing one way or another. Rv scheduled for this week. UST and IMF on notice for lockdown
Update 1-22 > 
We are to see this within 24 hours
Update 1-23 > Looking strong. Bad men trying to stop this. A lot going on, all positive.

Update 1-24 > TerryK: (Are you still hearing $13.18 and $ 12.86?)]  YES, AMONG OTHER THINGS, 4.35, 6.18.   IT’S ALL OVER THE PLACE.  (Anything on the vnd? Is it still looking like .478) I’M HEARING IT’S STILL .478.  
Update 1-29 > Sticking with Washington source, we are there. We can still be looking at this any time. Rv is coming, like this week, maybe as soon as tomorrow night. No rates.
Update 1-31 > Hearing that rate is above 10.
Update 1-31 > 
"Terry, Just got a call and being told RV tonight at 11:59 PM at $3.42."   
Update 2-1   > GOING TO MAKE GOOD CHANGE ON THE DONG. .91 DONG.
Update 2-2   > Had over 100 calls, nothing changed, THINGS LOOKING GREAT...IT'S SO CLOSE I CAN TASTE IT.
Update 2-3   > Will see RI rate with a little add - will see VND. We are there. Balance of packages to out today and tomorrow; not later than Wed in full delivery. RV will occur before the end of that activity. Today is the 3rd Feb. That means by 5th Feb; no later which is Tuesday. Sneaking feeling we will see it tonight and have fun Monday.
Update 2-4   > 
WE ARE BACK ON TRACK. THE RV SCHEDULED FOR THIS WEEK. THE RATE THAT I POSTED LAST WEEK WAS 3.42.
Update 2-7   > Look for this from 5 to 7 pm est today. Managed float at 2% daily. Tomorrow (Thursday) maybe the wonderful night.
Update 2-8   > 
EVERYTHING [IS] STILL ON TRACK...UST STILL UNDER LOCKDOWN. (Budget) IT’S SIGNED BEHIND DOORS BUT I HEAR NOT YET IN OR BY PAPER. Update 2-10 > HEARING SUNDAY NIGHT with CASH IN MONDAY MORNING (3 Sources. Strong People) 5 Currencies RV Sunday when Forex opens (includes) Iraq and VND.
Update 2-15 > From very creditable source. Everything is Signed Off. LeGarde to make announcement tomorrow. Obama making statement. ON TARGET FOR THIS WEEKEND, SEEING IT ON SUNDAY NIGHT, FOREX. THIS IS DONE, DONE, DONE ACCORDING TO THIS SOURCE (very creditable source, period). This is what thye know is going to happen. -- (From second post on 2-15) It's here. Will not see it until the weekend and then with Holiday Monday you can't do anything until Tuesday.
Update 2-19 > May push out a few days, but don't fret its coming. Other source telling me at any moment and he is the know. I'm hearing the 22nd and 25th. 

More Updates Likely.
The POWER PACKAGES are a an absolute lie and creation of TK's imagination or perhaps warped mind. He says all these packages are being delivered by U.S. Marshals. As you can see above, on 12-4 he said 25% of them had been delivered. On 12-6 he said 95% of them had been delivered. On 1-3 he says "RED HOT, RED HOT. pp"s being delivered. We're in the money." (You gotta love that one.) Then 2-3 he said the balance of the power packages wold be out "today and tomorrow; not later than Wed in full delivery. Isn't this enough to make it clear TK is full of camel dung.

If you are just visiting, especially if you haven't been here before, DD doesn't screen comments like Recaps, and we are tired of this guy (TK) and other pumpers and promoters, including Okie, Flashing, Blaino, & others, continually spewing their crap on the blogs for the purpose of encouraging more people, especially newbies to the dinar world, to buy more dinar. I hope that from this info you will be able to see that caution needs to be exercised when you hear the line of crap coming from these guru guys and gals.

ALL: I realize this is getting a little long and apologize for the length of it, but I hate to stop now. Hope we have an rv pretty soon or this is going to get completely out of control.


THE BUDGET IS DONE, LAST NIGHT THE CBI RELEASED A MAJOR ANNOUNCEMENT THAT IS EXTREMELY VITAL TO OCCUR BEFORE THE RELEASE OF THE NEW RATE, 20 FEB

GREETINGS FAMILY..........

LAST NIGHT AROUND 3AM EST. THE CBI RELEASED A MAJOR ANNOUNCEMENT THAT IS EXTREMELY VITAL TO OCCUR BEFORE THE RELEASE OF THE NEW RATE INTO THE 2013 BUDGET!!!

WHERE AS YOU THINK THERE IS ANOTHER DELAY TODAY........THERE IS NOT. I KEEP TELLING YOU.......THE BUDGET IS DONE. THINGS THAT ARE NONE OF OUR BUSINESS ARE STILL …........ NONE OF OUR BUSINESS UNTIL THEY CONSIDER IT TO BE SO. LAST NIGHT DELTA'S TEAM EXPLODED WITH EXCITEMENT BUT I TOLD THEM TO WAIT TILL I WAS READY TO MAKE A DECISION............I HAVE MADE ONE. 

I AM ASKING ALL NEWSHOUNDS TO BE ON STANDBY RIGHT AFTER I COMPLETE OUR BIBLE STUDY TONIGHT. I WILL TELL THEM WHERE TO GO AND RETRIEVE THIS INFO. ALSO...........IT WILL REQUIRE A TRANSLATION INTO ENGLISH. NO ONE ON THE NET IS AWARE OF WHAT WE ARE ABOUT TO RELEASE TONIGHT FROM THE CBI. 

AS WE TOLD YOU..........SHABIBI WAS....IS....BUT NEVER SHALL BE INVOLVED IN THE LIFTING OF THE 000'S OF THE IRAQI CURRENCY EVER AGAIN. HE IS WORKING RIGHT NOW BY PROXY THROUGH TURKI TO ACCOMPLISH WHAT THE 2013 BUDGET AND THE GOI ALONG WITH THE EXPLOSIVE ECONOMIC FUTURE THAT IRAQ REQUIRES IN THE YEAR OF OUR LORD........ 2013. 

KTFA STAFF I WANT THIS POST ON EVERY PAGE INCLUDING OUR NEW THREAD FOR TODAY. 

KTFA FAMILY.........YOU NEED TO TELL OTHERS TO LISTEN TO US TONIGHT. IN FACT.......THEY SHOULD LISTEN TO THE BIBLE STUDY FIRST IN ORDER TO UNDERSTAND WHAT IS HAPPENING IN THE LAND OF BABEL.......BABYLON........OUR BAGHDAD. 

MY CHRISTIAN LOVE AND ALOHA.    KTFA,    FRANK