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Thursday, August 1, 2013

EAGLE1 CLARIFICATION POST, 2 AUGUST

Eagle1 » August 1st, 2013, 10:02 pm  •  

Good Evening, Family!

I have received countless emails, text messages and phone calls today regarding some story making the rounds about us only having 30 days in which to exchange our IQD.

The quick answer to this rumor is, NO! Whoever is circulating this story has some bad information.

Let me state this as emphatically as possible so that there is no misunderstanding. To place that kind of time limit on exchanging our IQD/IQN for USD, or any other currency, under normal circumstances would be a general violation of international banking rules and regulations. 
The exception to the rule comes when a specific currency is sanctioned, such as when the old Saddam notes were taken out of circulation. Mexico did something similar when they removed a dictator many years ago and took all of the notes out of circulation that bore his picture.

I don't remember the specific time frame when the old Saddam notes were pulled out of circulation (and it may have been something like 30 or 60 days, or even 90 days), but that currency was specifically sanctioned by the US, by the UN, and by the IMF and forbidden to be used in international trade.

Once De La Rue had printed up the new currency we now have in circulation and George Bush signed executive order #13303 permitting us the freedom to purchase and hold that currency toward the day when it would be restored to normal status, the stigma of the Saddam era was removed.

Frank has frequently talked about, and we have discussed, the introduction of the lower denominated notes as well as the coins. Those are not "NEW" currency in the legal sense of the word. They are additional denominations of the IQD -- the same IQD that has been in circulation as the "NEW" currency for a decade.

That's different from having a truly new and different currency, and despite some of the poorly translated articles out of Iraq, the CBI is NOT introducing new currency.

They are adding additional lower denominated notes to their already existing currency.

That said, we've all heard about the effort by the CBI to gather in the three-zero notes as much as possible and exchange them for lower denominated notes.

Again, that's totally different from requiring people to do their exchanges from the IQD to the USD (or whatever other currency) within some narrow time frame such as the 30-days proposed in the erroneous post that has been floating around today.

Let me give you another comparison. I have friends who still have thousand-dollar bills that they hang onto. The UST and the Fed stopped printing those a long time ago (to the best of my knowledge). Nevertheless, they are still good and people who take them to the bank today can still exchange them for other lower-denominated notes.

I've even got one friend who says (although I haven't seen it) that he has a $10,000 note. It is still good even though those notes haven't been in general circulation for many years.

You get the picture, I'm sure.

We hear that Kuwait is getting ready to introduce a totally new currency which includes similar security features to the IQD. As far as I know, though, it is still the same KWD that's in circulation today with the same relative value.

For security reasons, I'm sure that Kuwait will want to draw in as much of the old currency as possible in as short a time as possible, but I've heard nothing that indicates that they will not honor the currency now in use, even if folks hang onto it for some prolonged length of time.

Again, to restate what I've already said, there is no new currency being issued by Iraq -- just additional lower-denominated notes in the same currency.

Barring some enormous regime change that would bring a dictator like Saddam back into power in Iraq in such a way as to reimpose sanctions on the country, the IQD/IQN with which we are familiar will be Iraq's currency for international trade for years to come.

There are no requirements pending that would demand that we do our exchanges within a 30-day, 60-day or 90-day period -- or even a two-year period.

On a different note, when the new USD is placed into circulation, the UST will want to gather in the old currency as quickly and as expeditiously as possible. The new currency will be asset-backed as opposed to our current Federal Reserve funny money.

Will the UST place a time limit on gathering in the old dollars? It's not out of the realm of possibility, but I'd have to say that a 30-day period is unlikely. 90-days? Maybe. 180 days? Maybe. But I'm not going there unless and until I have some specific intel from the UST.

Hope that clears things up for everyone.

Blessings on you.

Eagle1

DINAR GURUS UPDATE, 1 AUGUST

8-1-2013  Newshound Guru Kaperoni    I always hoped that the economic push from the IMF, WB and others would force the issue despite Maliki. We shall see.  IMO, just like when Shabibi was in charge of the CBI, the CBI cannot execute this event without the GOI support. Turki can cry all he wants, and threaten Maliki, it aint happening till Maliki says so. The reasons have been clearly stated that the CBI cannot do this on their own, it requires government assistance from planning, security, engineering, media etc. Without the green light from him, it stalls.  

8-1-2013  Newshound Guru Enorrste    I do believe that it will rise quickly once allowed to float.  It would not surprise me to see it at $1 by the beginning of 2014, but we have to see the start before we can speculate on a finish lineWhile we don't know if Saleh is spouting future policy or just his own opinion, it seems to make sense to me to follow his lead:  OLD dinars for dollars, then dollars for NEW dinars.  [post 3 of 3]

8-1-2013  Newshound Guru Enorrste    On the other hand, if they remove the large notes through auction at the current rate, then that problem disappears.  They COULD then RV at $1, but they would have no incentive to do so.  Instead, they've indicated, following direction from the IMF, incidentally, that freely floating their currency is the best way to change their exchange rate regime. [post 2 of 3....stay tuned]

8-1-2013  Newshound Guru Enorrste   Article:  "Sales of dollar by the CBI decline on Tuesday auction."  ...we should not expect to see an announcement until the process of removing the three zeros from the local economy is essentially complete.  Then they will formalize the announcement and call in the remaining notes by demand (not incentive).  After the notes are all in, then they will float the currency.  They simply cannot RV the currency to $1 prior to removal of the large notes.  The CBI doesn't have $7 trillion to buy back the large notes.   [post 1 of 3....stay tuned]

8-1-2013  Intel/Newshound Guru Poppy3   THE ONLY WAY HE [MALIKI] MAY POSSIBLY CONSIDER RESIGNING WOULD BE IF HE GOT COMPLETE IMMUNITY AND MY PERSONAL OPINION IS EVEN THEN HE WOULD NOT DO IT. HE THINKS HE IS UNTOUCHABLE AND HE HAS GOTTEN AWAY WITH MANIPULATING THE GOI AND PARLIAMENT LEADERS FOR SO LONG...  I HOPE THEY CAN GET THE BACKING TO GET HIM OUT IN SOME WAY...AS LONG AS HE IS GONE...   POPPY3

8-1-2013  Intel Guru TNT Tony   There is a newspaper article out which has been verified stating that they are giving them 10 days to do their exchange from the old currency to the new currency.  They are going to now give us 30 days, 30 calender days. It was going to be a 2 year process - it's now a 30 day process.  Could it be extended? Yes, but as of this morning you have 30 days. There was an article that Turki put out from the CBI stating that they were ready, the system was ready and that the government not authorizing it and was asking the people to put pressure GOI to release it.  We're close to the tipping edge.  It is powder keg about to explode.  They are trying to do it today.  Today is not over. There are things in motion and things are getting done today.  [post 4 of 4]

8-1-2013  Intel Guru TNT Tony   If it doesn't happen today, there will be a reset, so there will be a delay...days not weeks.  Bankers today said they were expecting it last night at 3am & 5am. Two different banks said it went live at 5 am this morning.  One bank said it was live for 10 minutes, the other said for 20 minutes, but then they shut it back down but the system does work.  Why?  Because they agreed to let their people go first.  They are trying their best to get this completed today. The rate was $5.65 for the IQD when it was live & $0.97 for the Dong, but I'm not sure if that is the real rate. Here's the good thing, anybody with contacts over there can check out, they are physically handing out LD's today to speed this up.  They are not waiting for folks to get it on their cards since their having problems with activating some cards.  [post 3 of 4....stay tuned]

8-1-2013  Intel Guru TNT Tony   Something happened last night.  They told the people in Iraq they would get an extra 300,000 dinar...in an article it said it would happen today on their cards.  As of right now, the cards being loaded & activated.  When they are done, we're done.  This is ready to go The issue was and the agreement was that the people in Iraq would get it first.  There are no technical issues, the system is connected, tried, tested & passed.  As of today widows, orphans, retirees cards were activated at $3.44 and are still activating cards as we speak right now.  We knew they were going in stages, that's how they were loaded.  Because they got the 300K, we got an increase in our rate so the rate a little higher than last week.  [post 2 of 4....stay tuned]

8-1-2013  Intel Guru TNT Tony   Everyone was excited yesterday, depressed this a.m., & will be excited this afternoon.   I have heard some depressing things and some up beat things about Iraq.  It just came out from [Guru] Delta that Iraq has declared a state of emergency & that is correct. Don't get depressed, it is part of the process to what you want to happen.  There is something going on and they needed to do this to have everyone in place so that they can orderly do what we want them to do. I was just told it's going to help get this done.  More countries have gotten involved. I told you yesterday it was a political situation.  [post 1 of 4....stay tuned]

8-1-2013  Newshound/Intel Guru Bluedog   Cards Loading tonite to some Iraqis in a article is huge...the global smart card to card to pay bonuses of 100 thousand dinars for the beneficiaries of the Social Welfare Department...source in the company told all of Iraq today that “the amount will be distributed to 345,983 beneficiaries...as of tonight.   US Forces have been there moving LD's to Banks and outside Iraq for surrounding Countries...all seem to be in place...US Troops 30,000 plus are also there to guard if needed but they have been training Iraqi Troops for these days of RV...so I believe we're in the Hottest spot right now.

8-1-2013  Intel Guru Bear5642    I know who my contacts are and have met most of them personally including 1 from inside Iraq. The environment in Iraq is NOT what most are saying, it is normal for Iraq and the People are not rioting as we speak. I for one do not trust the media...we even have a translator to view articles and documents. I cannot explain why suddenly the Iraq contacts have gone silent and anything else would be speculation. I am convinced that Iraq is positioned to revalue the IQD. The bottom line is that the CENTRAL Bank of Iraq has the final say so on the RV period... this is going to happen. NO one KNOWS WHEN. 

8-1-2013  Newshound Guru Adam Montana   [there is a report that a finance committee member stated that the deletion of the zeroes from the currency will start this year. Can you explain what this means for our investment?  It sounds like very good news.]  There have actually been a number of reports that indicate this process will be done this year...unfortunately, there are also numerous articles that state the opposite. We have to remember to take all the "reports" with a grain of salt and instead focus on the facts. FACT: Iraq is FINALLY out of Chapter 7. FACT: The value of the Iraqi Dinar has steadily increased over the past decade and we believe it is poised to do much more. The question is only "when".

8-1-2013  Newshound/Intel Guru Eagle1   [via BulldogFord65]   the person[s] tracking the IQD and VND...have tracked over a 10 year period, and in their OPINION, both are poised for HUGE gains literally overnight (not meaning tonight, meaning it will happen all at once overnight when it happens), and the numbers they are analyzing -- IN THEIR OPINION – they believe the IQD and VND could be substantially higher than the projections we are looking at.  Eagle1's opinion is that the RV has extreme imminence, and will go before Eid.

EXOGEN UPDATE, 1 AUGUST

DIRECT INTEL  Posted by EXOGEN on August 1, 2013 at 3:42pm

PER CONVERSATION THE RATE SHOWED UP LIVE THIS MORNING AT 5:00 AM EST FOR A SHORT TIME PERIOD. THE RELEASE OF THE RV CAN NOT BE TURNED BACK AT THIS POINT.

*************

CONVERSATION WITH KENYA TODAY 

(WHY THE RATE SHOWED UP TEMPORARILY) Posted by EXOGEN on August 1, 2013 at 3:48pm

1. THE REASON RATE WENT LIVE TEMPORARILY WAS TO TEST RATES SHOWING INTERNATIONALLY BEFORE RELEASE

2. COUNTRIES HAD TO MAKE SURE THE RATE SHOWED UP ON ALL SCREENS GLOBALLY

3. EACH COUNTRY TESTED FOREX SYSTEMS

4. ALL SYSTEMS WERE BEING SYNCHRONIZED GLOBALLY

TK CHAT, 1 AUGUST

[TERRYK] BACK
[TERRYK] SO ANYTHING GOING ON
[sailman] Anything new on your end about the Qi cards being activated ??
[TERRYK] NOPE SAILMAN
[js86901] so did anything ever happen at midnight?
[TERRYK] SURE DID JS
[TERRYK] I SLEPT GOOD
[js86901] seriously do we just not see it yet?
[TERRYK] NO REALLY I SLEPT GOOD
[TERRYK] JS 
[TERRYK] DID YOU NOT SEE THAT
[kktwahoo]  While you were gone, I bought some ZWD - thanks
[TERRYK] I CANT TALK TO THE ZWD
[TERRYK] BACK
[TERRYK] SORRY 
[TERRYK] SO I CANT TELL U ANYTHING ABOUT THAT
[TERRYK] BUT OLD TK HAS A LITTLE OF IT
[TERRYK] JUST TO BE SURE
[TERRYK] IT MAY NOT BE WORTH ANYTHING
[TERRYK] BUT I LIKE THE FACT THAT IM COVERED     
[TERRYK] WELL THIS IS WHAT I GOT THIS MORNING
[TERRYK] IT MAY BE OUT LATER TONIGHT AND THE HOLD UP IS DUE TO THE PP COMING OUT
[TERRYK] BUT THIS WAS NOT AN ISSUE YESTERDAY
[TERRYK] WHAT I HAVE HEARD AND READ IS THAT THE ZWD IS DROPPING 6 ZEROS 
[TERRYK] THAT?S ALL I KNOW
[TERRYK] DON?T GET ME IN HOT DEW DEW 
[BamaSteve]    does your source have egg on his face?
[TERRYK] BAMASTEVE YOU DONT LIKE ME MUCH DO U?
[TERRYK] DID YOU NOT READ WHAT I POSTED THIS AM?
[TERRYK] THAT SOME GOVERNMENT PEEPS MAY BE A BIT HAPPIER THIS AM?
[TERRYK] AND THAT OUR TIME IS COMING
[TERRYK] TODAY 
[TERRYK] TONIGHT
[TERRYK] AND IF YOUR SOURCE HAS BETTER INFO BAMA BRING IT
[BamaSteve]    It is not that. But if I stuck my neck out that far and it didn't happen I would be upset.
[TERRYK] I DO IT ALL THE TIME BAMA
[coolbreeeze] Afternoon T.K. Haven't been able to catch you as you work so hard and remain on Station. I would just like to say Thank You for all your hard work & when this Hits, maybe meet you in Vegas? If not I'd like you & Okie to get a copy of a paper I wrote on surviving. Illness, in my case it was stage 4 lymphoma. I'll be 4 yrs old Oct. 31st Praise God. I was fortunate enough to to be able to get it to holistichealth & hope it can be of help for anyone suffering Ill health. One has not have to wait to get better, thanks again, Coolbreeeze. 
[BamaSteve]    I have never heard you say that Okie wasn't going to call, you were. Paraphrase
[TERRYK] THANKS COOLBREEZE
[js86901]  you said something on the call about OKIE not being the first to announce it. what did you mean by that?
[TERRYK] THAT?S NOT WHAT I SAID BAMA
[TERRYK] I CALLED WHAT I HAD
[BamaSteve] It is real close.
[TERRYK] YES 
[TERRYK] AND IS THAT A PROBLEM
[TERRYK] OH BAMA IS JUST BAMA  
[TERRYK] OKIE IS NOT GOING TO CALL THE RV HE IS GOING TO CALL THE CASH IN FOR WF INVESTMENTS
[TERRYK] I HAVE TALKED TO OKIE ABOUT THIS 
[TERRYK] SO BAMA LET ME ASK YOU THIS 
[TERRYK] IF IT DID SHOW UP LAST NIGHT FOR A FEW MINUTES WHAT DOES THAT MEAN?
[TERRYK] THEY BACKED OUT AT THE LAST MINUTE
[TERRYK] BECAUSE OF VOICE ID
[TERRYK] THEY ARE A VERY..
[BamaSteve] cookiesdad I think it will happen sometime. Just because I ask the tough questions.
[TERRYK] GOING TO A OLD RUSTIC HOME ON THE WIFE SIDE ONE OF THE ORIGINAL HATFIELDS AND MCCOY HOME SITES AND BRINGING SOME LUMBER BACK TO PUT UP ON MY WALL
[TERRYK] THEY ARE NOT TOUGH QUESTIONS YOUR ASKING BAMA
[TERRYK] YOUR WAH WAH WAH WHY DOES THIS NOT HAPPEN
[TERRYK] THATS OUTSIDE OF MY PAY SCALE
[BamaSteve] Then how can I raise your blood pressure?
[TERRYK] I?M SURE THERE ARE THINGS THAT HAVE TO BE DONE THAT NONE OF US EVER DREAMED OF
[byecar] if a tranny calls in who gets the cash tina or tk but wait who pays.lol
[TERRYK] BECAUSE YOU KEEP ASKING DUMB QUESTIONS YOU KNOW I DON?T HAVE THE ANSWER TO
[BamaSteve] I believe you ask alot of the questions that I do.
[TERRYK] BYECAR I WILL TAKE IT
[TERRYK] SHE GETS ENOUGH OF MY DINAR  
[TERRYK] HEY DAGS
[TERRYK] YOU BACK HOME
[TERRYK] MY TRIP IS ON HOLD TILL SEPT
[dags] Late last night
[ladysarah] BamaSteve please stop kicking that horse 
[TERRYK] U KNOW BAMA THE STAFF HERE IS GETTING ON EDGE WITH YOU THIS AM
[TERRYK] I CAN?T TELL YOU HOW MANY WANT TO SMACK YOU AROUND
[TERRYK] TAKE YOU OUT BACK WITH THE UGLY STICK
[TERRYK] AND KNOCK SOME COMMON SENSE INTO YOU
[justneedy] someone posted this the other day maybe it will help TK's blood pressure to come down...."thought this was funny .......If you cant afford a doctor, go to the airport- you'll get a free xray and a breast exam and : if you mention al qaeda, you'll get a free colonoscopy"
[TERRYK] THANKS JUSTNEEDY
[TERRYK] BUT I DO HAVE HEALTH INSURANCE
[justneedy] yw
[TERRYK] I HAVE THE BEST
[TERRYK] BUT THEY KEEP PUTTING ME ON THE WRONG STUFF I THINK
[Miner1] I don't understand why you feel you have to critisize a person in that manner, I would expect you to be a little more professional and not stoop to calling people names and claiming to slap them around. Your frustration seems at times to get the better of you.
[TERRYK] MINER WHAT DID I SAY
[TERRYK] IM TELLING YOU WHAT MY STAFF WANTS TO DO
[TERRYK] I NEVER SAID ME
[TERRYK] AND I NEVER CALLED HIM NAMES
[Miner1] called Bama a b***
[TERRYK] OMG
[TERRYK] FOR REAL
TERRYK] OK
[TERRYK] LET ME DO THIS
[TERRYK] B*** HEAD
[TERRYK] OR B*** LIPS 
[TERRYK] IS THAT BETTER
[TERRYK] TALKING ABOUT ZAPPERS
[TERRYK] DAMN GOVERMENT
[TERRYK] WHO JUST PMED ME
[TERRYK] AGAIN THEY DID ME
[TERRYK] OK MANAGERS THE ROOM IS YOURS IM GOING FOR THAT RIDE
[jadenter] some of us would still love to hear from Contact2 as a guest again
[TERRYK] I WILL SEE WHAT I CAN DO ON THAT
[TERRYK] GOD BLESS

RAY & STEVEI UPDATE, 1 AUGUST

7-31-2013  Intel Guru Ray: I just got off the phone with one of my contacts in Baghdad.  This is what he relayed to me about what is happening.  He stated that Abbas Turki was on Iraqi TV 3 days ago and addressed the people of Iraq.  He stated that he met with the Parliament Finance Committee.  He said that everything is done concerning the banking aspect of this coming revalue.  Everything in country and out of country.  He told the people that the revalue is in the hands of the government now.  he said if he could revalue today that he would, but he doesn't have that authority.

He told the government that the revalue needs to be done as soon as possible.  He said the dinar is worthless as it stands now.  Iraq can only negotiate with outside companies using the usd only.  He said Iraq needs to use the dinar and not depend of the usd.  He also told the people that once it revalues, they will have 15 days in country to exchange and 30 days out of country to exchange.

Also, the smart cards are being used in country only at the present time.  Government employees and retired people are using them.  Once the revalue happens, they can be used anywhere. This to me shows that we are still very close to this happening.  He has now told the people that it is in the hands of the government and they can start putting pressure on them now.  Hopefully for the sake of the Iraqi people, it will happen very soon.


------------

STEVEI POST:
Greetings members,

Here is a quick update regarding our investments. I would like to give you a quick recap. So far from what we have been told is that the World Bank and international Monetary Fund have given their approval for the CBI to move forward regardin their revaluation of the currency. The CBI has also now given their approval and they are ready. The banking foundation is in place and all of the necessary laws have been completed. There is absolutly nothing more to accomplish that will hold this up. Well, yes there is and it is now the Government of Iraq, ( my best guess is Maliki).

We have passed on from several updates that the iraqi media is telling the people that they are ready and want to move forward. I got a very exciting call from Ray this morning and below is what he had to share. Folks, we have some very exciting times ahead of us. I just wish I could zero in on a time frame as  no one seems to be able to get a handle on this.
I am hoping for sooner rather than later. I do believe the violence will continue to rise and things will get worse before they get better if this go on much longer.
--------------
RAY POST:

Steve, I just got off the phone with one of my contacts in Baghdad. I haven't been able to get hold of him in the last several days because his phone service was down. Today he got it back. This is what he relayed to me about what is happening. He stated that Abbas Turki was on Iraqi TV 3 days ago and addressed the people of Iraq. He stated that he met with the Parliament Finance Committe. He said that everything is done concerning the banking aspect of this coming revalue. Everything in country and out of country. hetold the people that the revalue in the hands of the government now. He said if he could revalue today that he would, but he doesn't have that authority. He told the government that the revalue needs to be done  as soon as possible. He said the dinar is worthless as it stands now. Iraq can only negotiate with outside companies  using the usd only. He said Iraq needs to use the dinar and no depends of the usd. He also told the people that once it revalues, they will have 15 days in country to exchange and 30 days out of country to exchange. Also the smart cards are being used in country only at the present time. Government employees and retires people are using them. Once the revalue happens, they can be used anywhere.

This to me shows that we are still very close to this happening. He has now told the people that it is in  the hands of the government and they can start putting pressure on them now.Hpefully, for the sake of teh iraqi people,it will happen very soon. I will pass on additional information when I get it.

Blessings,
Ray

BEAR5642 UPDATE, 1 AUGUST

8-1-2013 Intel Guru Bear5642 I know who my contacts are and have met most of them personally including 1 from inside Iraq. The environment in Iraq is NOT what most are saying, it is normal for Iraq and the People are not rioting as we speak. I for one do not trust the media...we even have a translator to view articles and documents. I cannot explain why suddenly the Iraq contacts have gone silent and anything else would be speculation. I am convinced that Iraq is positioned to revalue the IQD. The bottom line is that the CENTRAL Bank of Iraq has the final say so on the RV period... this is going to happen. NO one KNOWS WHEN.