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Saturday, March 7, 2015

TLAR CHAT DISCUSSION : 1 Dinar To 1 Dollar, 7 MARCH

NCtallguy     at March 7, 2015 at 10:01 AM    Once again, enorrste's take on the amount of currency and a "free float". Now I ask, where has it ever been written and documented that it's going to be a free float?

How can they (Kap and Enorrste) claim a gradual rise and a free float at the same time? I have seen the ink on a manged float (as all currencies are under I think) and I've seen the ink on a stationary rate (1.13 or 1.16) being held for 3 years THEN letting the dinar float. But never anything on a "free float".

A free float seems like chaois to me. Below is enorrste's latest:

I have never...espoused the idea that there would be an RV to $1 and a float thereafter. The RV is simply not possible. If they tried to say, "Our dinar is now worth $1", then, overnight, their money supply would be worth $40 trillion, or about 15 times the money supply of the world. That is why an RV won't work. 

Put another way, that is why a start rate of $1 per dinar won't work, either. As we have said before, once the exchange rate regime is changed to a freely floating currency, the OFFICIAL rate and the STREET rate become the same thing. The 2% rule is thereby satisfied immediately. 90 days later, in theory, Iraq could move to Article VIII.

 Tlar:   NCtallguy, toward the end of 2012 and the end of Shabibi's governorship of the CBI, Shabibi had decided to just float the currency because he could not get the government to support the plan.
~~~
Tlar Continues:    Maliki did not want to release the currency at all so he, being in charge of the government, set his goons out slandering Shabibi and propagandizing that this project should not be done because of the fear of mafia's counterfeiting the currency.

The argument was stupid as the project would have stopped counterfeiting but that is not the point.

A very frustrated Shabibi finally decided he would never get the governments support nd toward the end of 2012 he stated he would do this "whether the government was on board or not" and that he would "release the currency at 1166 and let the market decide its true value".  Thus the float theory was born.

Articles on deleting the zeros immediately dried up and were replaced with articles that stated the currency would float from 1166.  During this period, Steve and Kaperoni were invited by Ali (DinarTrade) to visit a new facility he was building but not yet opened.

They toured the facility as Ali explained to them he had recently met with Shabibi at a banking convention in England and that Shabibi had signed a contract with DinarTrade to be the facilitator of the dinar in the US for the CBI.

His job as a facilitator was to do his best to drive the currency up in value.  So Kap and Steve felt they had inside knowledge of what was to happen and it was supported in float articles coming out of Iraq at the time, and indeed they did.

I too believed Shabibi when he said he would just float the currency starting at 1166 so at that time you could have called me a floatie too.  So what changed?

Shortly after Steve and Kap had made that trip the confusion started, at least for me.

 Shabibi, while attending another banking conference in Japan heard rumors that Maliki had placed corruption charges on him.  At first he did not believe them, but as we all know those charges tuned out to be true.

Shabibi was removed from the CBI by Maliki and Turki took control of the CBI having been appointed by Maliki.  Within a month of Turki taking control of the CBI articles about deleting the zeros started to reappear.  This was in the first part of 2013.

Turki turned out not to be a Maliki minion.  This might have been attributed to the IMF, WB, US Treasury showing up immediately upon Turki taking control, and camping out at the CBI until they were satisfied that Turki understood who the bad guy was, Maliki.

We can assume this because Turki within a month told parliament he only answers to them and he told Maliki the government would never get their hands on the reserves.

Maliki attempted to remove Turki even going so far as to try to bring charges against him.  There existed a contemptuous relationship between Maliki and Turki almost from the get go and it lasted throughout Turki's tenure.

The point is IMO the program that started out in 2007 known as "delete the zeros" was terminated on or around Sept/Oct of 2012 by Shabibi.

He changed it to "just bring the currency out at 1166" (FLOAT), and then program was changed back again under Turki to the originaql plan of "deleting the zeros" which is where I believe we are today.

Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.

 This is an opinion piece only even though I am absolutely sure I'm right and feel all others who have a difference in the way they see it are dead wrong. lol lolo lol  The last sentence is a joke NWA - lighten up will you? tlar

NCtallguy            Thanks Tlar, very well said. My next question.......was Shabbi's plan a "free float" or a managed float. Still seems to me that a free float would be hard if not impossible to control.

 Isn't it true that there is a "rule" of 2% every 90 days? last question.....just how long would it take to get to say a dollar if 1166 floated 2 % every 90 days? Thanks

Tlar    NCtallguy, I have no idea.  The plan never got that far because Maliki immediately went after Shabibi in order to stop the plan to float.  tlar

NCTallguy     My quick calculations show 1166 floating 2% up every 90 days would take 6 months give or take to get to the rate of 1000. Thats if it floated UP every 90 days. Plenty of unforseen variables that could make it float DOWN during the process.

Like I've said, I have never read anything other than "guru" hearsay regarding a free float, which a free float seems very chaotic to me and hard to control. What if the dinar went into a downward free float?

I very much doubt Iraq just starting out would want that to happen.

NCtallguy    4 trillion dinars at the value of a dollar is still.....4 trillion dinars, he's claimimg theres 40 trillion dinars in circulation but with a very low value (Which is true 1166 to 1) and once the 40 trillion low valued dinars are increased to the value of $1 then there will be $40 trillion dollars worth of dinars circulating.

Brian    YES but then if they decide to drop the zeros then there would be 4 billion dinars in circulation with a value of 4 billion if it rv's at $1....   Is that correct logic?

D42        NC, the word "circulation" can be misleading. What banks hold as foriegn currency reserves falls in this category I believe. That number alone is massive (worldwide) and I wish the exact counts per country were public info. so we could get a better handle for our calculations. Brian brings up a good point as well, reduction of the money supply is achieved and serves to add to the proof that a 1-1 start is fesable.

Mike     Brian, if they remove the zero's before they raise the rate, then four trillion dinars would be 4 billion dinars.  That's not good for us, we want them to raise the rate and slowly remove the 000 notes because of how hard they would be to use in day to day transactions.

Can you imagine going to the falafel stand to buy two falafels and you hand them a 25K note worth roughly 25 grand?  It would be very difficult to make change and have the economy function normally.

Most of us call it a "lop" or a "revenue neutral event" which we're betting against because if they were going to do that, they most likely would have done it already.

Clearly, we want Iraq to raise the value on whatever dinar is remaining and then slowly remove the large, 000 notes until there's nothing left but lower denominations.

 If the note count and circulation numbers are indeed 4 trillion dinars, then Kap and Enoresste are most likely right in their assessment.

The US has roughly 1.4 trillion dollars in circulation and there's no way that Iraq, with $100 billion in annual revenue could support a 1-1 exhcange with 4 trillion dinars in circulation, they just don't have the wealth or the economy to create such a valuable currency with that much out there.

The key to this is how much is really out there, it's one of the most important pieces of information and we have had no access to that since 2012.  I'm confident, based on numerous news reports about the scarcity and condition of the dinar that there's less than a trillion iin circulation, probably much less but that's my conservative estimate.

 That being said, there are reports from the Ministry of Planning and the SIGIR that both state the dinar would come out at either .89 or 1.16,  that's my best guestimate to what the original starting rate of the dinar would be, based on what they've told us in the past.

All of this is academic anyway, we need Iraq to grow up, put on their big boy pants and move to Article VIII.  If Vietnam can do it, Iraq should be able to do it.

 They just need the political willpower to step up the the plate and improve the lives of their citizens, something we've been woefully short of until Abadi became PM.  Here's hoping they make a move sooner rather than later.
Tlar     Mike excellent points.  Something that I have said in the past that is controversial and that some will disagree with, is that when they push the RV button all dinar sitting in electronic accounts on both sides of the ledger, will lose three zeros and will be adjusted commensurate with the new rate.  

What I mean by this is that electronic dinars will be adjusted downward to the new rate just as everything in Iraq will be.  Just like it will be done in the stock market.  Here's my thinking.  

Let's say an Iraqi who is starting a business makes a loan the night before the RV of say 50,000 dinar and then sets up a checking account from which to operate his business out of, but has yet to write his first check.  

If the RV takes place that night, both sides of the accounting ledger sheet must be adjusted otherwise the Iraqi just hit the lottery.  In other words we understand that the loan side will be adjusted down to 50 dinars due to the law of indebtedness.  

My contention is this, the checking account will also have to be adjusted as will all electronic accounts be it in banking or the stock market or individuals loaning money to individuals.  

Only the physical dinars held by anybody will be able to prosper from this event as a dinar will still be a dinar.  

So even if 80% of the 37 trillion is sitting in accounts at the government banks, and the more trillions sitting in private accounts held by citizens, all will be adjusted to the new rate but they will not loose value.  

An Iraqi who has 100,000 dinars sitting in an account before this event, will have 100 dinar sitting in the account after the event.  

This is just an example only and the rate itself will dictate the actual amount of change, but every account in Iraq will have to be adjusted as will the cost of everything including hard assets and property values to the new exchange rate.  This is my opinion but I don't see how else this can work any other way.  

An electronic dinar must be treated differently than a paper dinar.  There will be no loss in value of anything electronic.  If you think through this I believe you will agree with me.  

I am completely opened minded about this but anyone who sees it differently than me is dead wrong.  lololoololol  NWA - lighten up.  Don't g

POPPY3, FRANK26 & GT FROM S3A, 7 MARCH

Poppy3   THIS REMITTANCE IS ALSO SAID TO ACTIVATE THE Q1 CARDS USABLE OUT OF THE COUNTRY AND GLOBAL.

THIS WOULD DEFINITELY CALL FOR A RATE AND THAT RATE BEING INTERNATIONAL. 

CAUTION IS THAT THEY HAVE SAID THIS WAS HAPPENING ON SEVERAL OCCASIONS AND WE KNOW IT JUST DOESNT GET COMPLETED...

DIFFERENCE THIS TIME IS THAT EVERYTHING ABADI HAS [SAID]...HAS HAPPENED...DURING HIS PM SHIP...MAKING TOMORROW VERY PROMISING TO ME.

TIME AND ACTIONS WILL TELL US TOMORROW.

ABADI told the world in ink that their currency will be stronger than at any other time in their history as well. This is in ink. 

NOT ONE OFFICIAL WORD FROM CBI HA EVER SUGGESTED A LOW RATE NOT ONE.

I THINK I WILL SIDE WITH THE NEW PRIME MINISTER...

Frank26:  "Kurdish delegation to visit Baghdad this weekend for the application of the federal budget bill....."

Hello Kurds ........ This is the GOI ......... We have some money for You honey....... We are putting it in the mail.

NO YOU ARE NOT !!!

You mean You don't want it anymore?!

NO........... WE COME TO GET IT !!!

Side Bar Intel:Now if they do not get the budget funds that belong to them when they ALL arrive........... It could get ugly.

The alimony is in the mail.

I KNOW it's NOT so get ready to see me pull up in Your driveway.

KEY WORD:   WHEN?

Not next Sunday IOO.   Maybe the next.
KTFA   Frank

*******
S3A : 



  • I'm sure I'm "late to the Dance" today......

    But I would Bet this has been Posted already Today!!!

    If So.....Just Read It Again!!!



    Rafidain Bank announced the use of advanced banking technology for users of smart card in all its branches inside and outside Iraq.


    https://translate.googleusercontent.com/translate_c?act=url&dep...

TLAR , FRANK26 & POPPY3 UPDATES & S3A CHAT UPDATE , 7 MARCH

3-7-15 Tlar: IMO the program that started out in 2007 known as "delete the zeros" was terminated on or around Sept/Oct of 2012 by Shabibi. He changed it to, "just bring the currency out at 1166" (FLOAT), and then program was changed back again under Turki to the original plan of "deleting the zeros" which is where I believe we are today. Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.

3-7-15 Frank26: We are surprised. Stunned. The AMOUNT... VOLUME of INFO coming from both The GOICBI at once. This is rare. Especially for a Saturday. Causing interest for Sunday...Tomorrow...articles are packed with foundational LAWS!!! 

*******

Stage3Alpha:


Springs:  Do not forget to Spring ahead tonight. Wouldn't it be great when we spring ahead one hour the RV happens at the same time. ;)

Nick:  March 7, 2015 at 9:15am We checked with different WF banks in California and Oregon and the bank screens actually did and still do show the Dinar at $3.90 but they did not show the rest of the currency the screens were blank.  Did not check with B of A. 

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

Dinar Updates:


Poppy3  ...THE $3.00 PLUS I HAVE PREACHED SINCE 2010 IS STILL WHERE THE OFFICIAL CBI PEEPS ARE SAYING WE WILL SEE.

NICK & BACKDOC UPDATES, 7 MARCH

3-7-15 NickWe checked with different WF banks in California and Oregon and the bank screens actually did and still do show the Dinar at $3.90 but they did not show the rest of the currency the screens were blank.  Did not check with B of A. 
*******
3-7-15 backdoc: IMO

RIDERS ON THE STORM

THIS IS A MORE THAN INTERESTING ARTICLE TO ME. THEY START BY ACKNOWLEDGING THE FACT THAT COMPETITION IN WORLD MARKETS ELIMINATES INEFFICIENCIES AND CREATES THE MOST COMPETITIVE PRODUCT.

THEN THEY GO ON TO SAY THAT THEY HAVE THE NEED FOR SPEED, LOL TO SPEED UP THE DIVERSIFICATION PROCESS OF THEIR ECONOMY TO REDUCE ITS DEPENDENCE ON OIL!

ANY GUESS WHY? MMMM

THEY ALSO CONFIRM THAT THEY NEED TO LET THE PRIVATE SECTOR DO THEIR JOB AND THEY WILL GIVE THE LAWS TO SUPPORT THAT. THEN THEY STATE A POSSIBILITY OF A SEVERE MARKET CORRECTION WHICH COULD IMPACT THEM WHICH IS WHY THEY NEED TO RESTRUCTURE THEIR ECONOMICS TO PREPARE FOR IT!

WOW! THAT WAS A MOUTH FULL IN MY OPINION!

THEY SEE WHAT WE SEE ABOUT OIL PRICES BEING IMPACTED NEGATIVELY AND THEY WANT TO FINANCIALLY BE STRUCTURED DIFFERENTLY TO RIDE OUT THE STORM SO TO SPEAK!

IT REMINDS ME OF THE SONG: “RIDERS ON THE STORM” BY THE DOORS! LOL  IMO

https://www.youtube.com/watch?v=DED812HKWyM

DINAR GURUS UPDATE, 7 MARCH

3-7-2015  Intel/Newshound Guru Tlar  IMO the program that started out in 2007 known as "delete the zeros" was terminated on or around Sept/Oct of 2012 by Shabibi.  He changed it to "just bring the currency out at 1166" (FLOAT), and then program was changed back again under Turki to the originaql plan of "deleting the zeros" which is where I believe we are today.  Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.

3-7-2015   Intel Guru Frank26 
   We are surprised. Stunned.  The AMOUNT... VOLUME of INFO coming from both The GOICBI at once.  This is rare.  Especially for a Saturday. Causing interest for Sunday...Tomorrow...articles are packed with foundational LAWS!!!

3-7-2015   Newshound Guru Enorrste   I have never...espoused the idea that there would be an RV to $1 and a float thereafter.  The RV is simply not possible.  If they tried to say, "Our dinar is now worth $1", then, overnight, their money supply would be worth $40 trillion, or about 15 times the money supply of the world.  That is why an RV won't work.  Put another way, that is why a start rate of $1 per dinar won't work, either.  As we have said before, once the exchange rate regime is changed to a freely floating currency, the OFFICIAL rate and the STREET rate become the same thing.  The 2% rule is thereby satisfied immediately.  90 days later, in theory, Iraq could move to Article VIII.

AKM IMRAN UPDATE, 7 MARCH

AKM IMRAN :We’ve talked about $3.89 or $3.90 a few weeks ago, and last night they were confirmed at $3.90. We talked to bank managers and tellers, and they are all seeing the same live rate at this moment. However, no one can do a transaction that we know of – that’s what we are waiting for. Iraq is scheduling a major announcement for this weekend, and they are expecting celebrations this weekend about Tikrit. Even though banks in Iraq will be able to do international bank transfers as of Sunday, that doesn’t mean the RV has to wait until Sunday. On their television, they are saying that this is happening in the next few days. We are waiting for the moment of impact. I’m feeling super-fantastic..

INTEL/REPORT FROM SCORPIO, FISHER CALL LINK & SKYPE CHAT FROM DAKOTA 60 (TNT), 7 MARCH

Stage3Alpha:

R.J. March 6, 2015 at 10:52pm

RV/GCR intel Report from Scorpio 3-6-15

RV/GCR Intel Report - Fri, March 6, 2015 at 23:02
Just now emailed to me, a schedule has been set again for the RV. This time, its from a source in Iraq. The schedule is dated within the next couple of days, I am not at liberty to reveal the exact time and date of the fruition due to security reasons.
I will report the set schedule in a Non-classified Intel Report if it has passed as I've done previously.

Wait and watch are the only things we can forsee.

|Scorpio|

**********

Jim  March 6, 2015 at 9:46pm Fyi....Fisher just came on the call (The Truth Call)

Susan: March 6, 2015 at 9:53pm Fisher says on hold by Iraq. All on standby. Abadi and Shabibi will go any second because the governors of all the provinces are screaming because Kurds, and even the IRANIANS GOT PAID...HUGE.. REVALUED DINAR.

Susan   Said Zim MILLION NOTES-thinks only a 3 zero lop.

MIRA:  March 7, 2015 at 2:11am Hi all.....Here is the Fisher call link

https://www.freeconferencecallhd.com/playback/?n=DeFL7/juI1E

Someone here said he starts around 46 minutes......it is a very long call, 235 minutes!

I did hear the end of call, live, and am now listening to replay.

At end of call, he said "It'll be done by anytime Sunday (their time, within country), per Abadi and Shabibi" implies it coincides for them with their laws in place. Also says they have option to hold 24 hours for rest of the world; "don't know if they will use that option or not." Suggested if we don't see it here by Sunday night, don't be concerned (if they are within 24 hour option). Corrections welcome if you hear it differently.

I suggest listening to the call before drawing any conclusions about this; there may be other comments which would make this more clear.

It's a long call, peeps; get some good rest tonight; sweet dreams!

DinarGrubber:  playback number  559-726-1399  access code 143153#

Important Fisher stuff starts at 46 minutes

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

jetdriver2:  March 6, 2015 at 9:51pm

FROM SKYPE CHAT ROOM:   FROM TNT CHAT -
Dakota60 wrote: 6:32 PM PST
Lawyer friend went into WFB in Memphis, and the banker showed him (the dinar) rate of $3.90, just like Tony said.

Not tradable yet, but (it is) there on the screen.

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

tman23    A few weeks ago when Abadi asked for citizens to be patient until June...THERE ARE NO DATES BEING IMPLIED BY ABADI FOR A REVALUATION OF THE CURRENCY...BUT RATHER MORE SO THE CITIZENS BEING PAID BACK PAY...AND REMEMBER HE PROMISED THEM RETROACTIVE FROM JANUARY 2014 ALONG WITH PAY INCREASES...AND TO DATE/ ABADI HAS KEPT ALL PROMISES. [do you think we will have to wait until june according to that statement or that they will get all of their money by then (backpay)?] I look to June...But there absolutely no doubt that we are in the moments of monetary reform and an announce could come at any time.

S3A CHAT UPDATE, 7 MARCH

S3A : 

  • New Fisher call from 3/6 start at 44 minutes

    Says Iraq will release by Sunday
      •  Here!
      • :)) Mornin' sweetie!

    • Millionday News 3/6/15

      Welcome to dinarupdates.com for News Time with Millionday!

      Millionday: Confirmed Almscha R. Economic prime minister appearance of Mohammed Saleh said that the federal budget for the current 2015 law authorized the Minister of Finance to issue money orders or treasury bonds to oil companies operating in Iraq, not to exceed a total of 12 billion dollars.

      Millionday: NOTE --SO PAYMENT CAN NOW BE MADE IN MONEY ORDERS OR TREASURY BONDS --
      ~~~
      Millionday: Saleh said the General Budget Act of the current 2015 included the benefits of oil companies, and authorized the Minister of Finance, at the request of the Prime Minister, or the oil minister,

      the issuance of treasury remittances or securities when needed to cover the entitlements of those companies adding that it means that the benefits of oil companies will be

      We have guaranteed vouchers or treasury bonds pay it, the usefulness of non-specific and continued after that period Alasaddaria and interest resulting from them, Mitroctan the Ministry of Finance, the lack of detail in the budget on them.

      Millionday: SO AS WE SEE AT THE REQUEST OF THE PRIME MINISTER OR THE OIL MINISTER THE ISSUANCE FINALLY OF THE TREASURY REMITTANCE OR SECURITIES

      Millionday: WHOOPOW

      Millionday: I HAVE TO SAY -- WE LOVE PROGRESS

      Millionday: Erbil - detecting high-level Kurdish source in the Kurdistan Alliance, on Thursday, the head of the regional government, Nechirvan Barzani, will go to Baghdad again during the next week.

      The source told "The Nnigervan will arrive in Baghdad again, carrying a new proposal for resolving the crisis between the two parties is By allowing Baghdad to the region to export additional quantities of oil ranging between 100-150 thousand barrels a day to receive the value of the bank (Hulk Turkish) ".

      Millionday: He said the source on condition of anonymity, said that "the purpose of this step is to enable the province to pay its employees' salaries and meet the needs of his government in the event of Baghdad, has been unable to pay the region's share of the budget for the lack of liquidity,"

      adding that "the region is expected to be approved by the Prime Minister , Haider al-Abadi, a proposal to resolve the financial crisis, the region, especially since the Kurds seek external borrowing but indirectly through this proposal carried by Barzani to Baghdad. "

      Millionday: NOTE -- SO MANY YEARS WENT BY WHILE WE WAITED FOR THE AGREEMENT BETWEEN ERBIL AND BAGHDAD AND NOW FINALLY HERE WE HAVE IT -- ITS GREAT

      Millionday: Ring, "The visit begins after the BSA in the region ends of the audit and oil contracts in the region, and the agreement with the Ministry of Natural Resources on nine points, including making sure the extent of the ministry's commitment to putting counters and hardware quality to control the fields and wells across the stages of oil production and export and sell in order to reduce cases of waste, and abuse. " Admiral

      Millionday: SO THIS APPEARS AS IF IT IS THE MEETING OF NATIONAL RECONCILIATION

      Millionday: I DONT HAVE IT IN INK BUT THE MEETING IS GOING TO BE VERY IMPORTANT OBVIOUSLY AND I BELIEVE EVERYONE SAW THE DOCUMENT WHEN IT WAS DONE -- HUGE AND CONSTITUTIONALLY SOUND

      Millionday: The Iraqi government announced measures that will begin to apply Article 140 constitutional disputed areas, if the elimination of the "Daash" in those areas.

      He said government spokesman Saad newborn in an interview with Radio Free Iraq that end stuff File 140 in a short time seems to be difficult because of the presence of armed groups in those areas,

      Millionday: adding that the government curriculum, which was formed on the basis of the current government spends decisively Article 140 to be subject to constitutional provisions political consensus.

      As MP for the PUK governor Saman indicates that the application of Article 140 of constitutional disputed areas not affected by the presence of the organization Daash in those areas, stressing that the peshmerga forces working to liberate those areas from the hands of the organization Daash.

      Millionday: NOTE -- THEY HAD A REPORTED PROBLEM WITH DAASH AND THE RETURN OF THE AREAS AND THE SECURITY THERE TO ACTIVATE ARTICLE 140 -- SO IT APPEARS THAT PROBLEMS ARE RESOLVING -- SMILE

      Millionday: For his part, sees MP for the Iraqi coalition forces Abdel Azim Ajman al Daash create a new reality in the disputed areas, stressing the need to deal with this reality is consensual.

      With warns political analyst Jassim al-Moussawi, the difficulty of geographical overlap between the provinces, which could lead to ignite internal war, according to his opinion.

      Millionday: The head of Iraq's Kurdistan region Massoud Barzani announced earlier obviate the need for the application of Article 140 of the Constitution of the disputed areas, and stressed that these areas are part of the Kurdistan region after entering the peshmerga forces there after the fall of the city of Mosul last June.

      Millionday: SO THIS WILL BE EDITED AND THEN APPLIED -- GREAT NEWS TO SAY THE LEAST -- SMILE

      ol lar: this is off topic a bit, do remember Barzani a few months back saying the Kurds would not participate in Government unless the 3 zeros were to be removed from the currency?

      Millionday: I DO NOT REMEMBER SEEING THAT -- DO YOU HAVE IT

      Millionday: OR DOES ANYONE ?

      ol lar: thnks

      Millionday: . Gold rose slightly above $ 1,200 an ounce on Wednesday, after incurring losses over two days, with the support of European stocks fell but rise in the dollar before the end of the task of the precious metal gains of US economic data.

      By 1100 GMT, the spot price of gold rose 0.1 percent to $ 1204.80 an ounce (an ounce). The metal was down to its lowest price in a week at $ 1194.90 on Tuesday after a rise in the dollar to the highest peak in 11 years and expectations of higher US interest rates.

      And settled in gold futures contracts America April delivery at $ 1203.90.

      The dollar reached its highest level since September 2003 against a basket of major currencies, with the support of higher revenues US Treasuries this week.

      Millionday: SO AS WE SEE THIS IS HUGE AND ALSO VERY INTERESTING DUE TO THE TIMELINE AND THE CONTINUANCE PURCHASE OF THE GOLD FOR RESERVES

      Millionday: THATS THE THIRD ONE

      Millionday: The rise of the US currency increases the cost of dollar-denominated gold for holders of other currencies and a rise in revenues of US Treasury bills hurt the precious metal, which does not generate any revenue.

      The relay gold markets closely US data to foresee when you might raise the Federal Reserve (Fed) interest rates). It is scheduled to report non-farm payrolls in February, issued on Friday.

      Silver rose 0.4 percent to $ 16.30.

      Platinum and went down 0.3 percent to hit US $ 1175.24 while palladium dropped 0.7 percent to $ 820.85 for Oqah.anthy
      Millionday: LOOK AT THAT NO CHANGE SINCE 9/11

      Millionday: Experts in economic affairs said that Iraqi banks began to suffer a shortage of liquidity in foreign currency (dollar), while the expected rise in the dollar's exchange rate against the devaluation of the dinar as a result of stopping the auction currency, grumbling banking customers of non-receipt of money deposited by the dollar, stressing that handed over the money Dinars expose them to significant losses.

      The expert in economic affairs Ahmed Fahmy said the decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government,

      noting that the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar.

      Fahmi said the decision by saying that the central bank can be applied properly in the event of the spending pressure and reduce the affidavits and incidentals are not to the dollar significantly.

      Millionday: He pointed out that the Central Bank has established appropriate plans for the success of the decision, but he also said that to stop the auction may have significant disadvantages, due to increased demand for the dollar,

      because the bank had pumped $ 50 million a day in the auction, which may make the dollar rises against the dinar, What leads to the Iraqi currency affected significantly.

      He pointed to my understanding that the main objective of this step is to limit the hard currency by the central bank, especially after twice the price of the dinar during the past few days, and expected to decline the central bank for its decision in the case of the Iraqi economy negatively affected due to stop the currency auction.

      Millionday: NOTE -- UNDERSTAND ONE THING -- THIS IS THE APPLICATION OF THE MONETARY POLICY THAT THEY ALL HAVE BEEN WORKING ON FOR A LONG TIME -- THE REFORMS ARE ECONOMIC AND ADMINISTRATIVE INDUSTRY, ETC

      Millionday: NOTE -- THEY ARE LACKING IN THE US DOLLAR IN THE IRAQI BANKS -- THEREFORE DUE TO THIS -- IT WOULD BE A HUGE LACK IN LIQUIDITY DUE TO THE LACK OF THE US DOLLAR --

      Millionday: WE DONT HAVE ANY MORE NEWS TO BRING YOU TONIGHT

      Millionday: WHEN THE NEWS IS SCARCE AND SO IN BETWEEN WE KNOW THAT NEWS WILL BE FULL TOMORROW

BLACKEYEDP POST FROM TNT :I Have a Bank Story and It is a Good One!!!!, 7 MARCH

    • BlackeyedP said
      03:50 AM Mar 7, 2015
     I have a bank story and it is a really good one!  Let me start off thanking DC and Tony, AlreadyBlessed and RayRen and All the Mods! God bless you really really big!  (Can you tell I am excited??)  Well I am!

    Now for a little history – we have been in this for the last 7 years come April.  It has been a rough ride – lost our home, our business, 2 of our best friends and 3 family members to death. Broke my heart they didn't survive to experience what we have been promised.  Anyway, maybe 3 years back - we went to a Tier 1 Wells Fargo bank to do some banking business.  It seems the bank lost one of our deposits and bounced some checks. While they hunted for it in the bank - we were sitting in the branch Vice President's office.  We thought maybe we would bring up the dinar and see what reaction we would get.  Well, the lady Vice President got very hostile towards us and told us there had been many people who had believed this scam and would be very disappointed.  She said she even had a family member who fell for this scam.  She kinda rolled her eyes and basically dismissed us as crazy. Strike one! We left shortly after this meeting - once they found where they put our deposit.  I must say it somewhat offended us since we had been with Wells Fargo since 2009. Well, we decided we would remember her name and maybe come back one day and ask her what she thought of banking accounts now.

    And so a few months pass and we continued to listen to all Tony's calls. Once again it seems things were getting close again and just might be ready to revalue – so I called my favorite small Wells Fargo branch and asked if they would give me the name and number of a Wells Fargo wealth manager. This time they gave me a name of a woman who worked outside of this particular branch near Tomball, Tx – a small town just outside of Houston. She had been with Wells Fargo for almost 20 years or so – if my memory serves me right. We told her about the dinar and asked her if she knew anything about it. She told us that she had quite a few clients who had talked to her about it but when she asked her superiors concerning this – she was always told it was a scam. She said her clients were very insistent concerning this but none the less – her superiors still denied it was legit. She later had some family issues and quit her job. Strike two!

    So I just decided to just wait and see what happens next with this revaluation since it seemed we kept striking out. Maybe we would not need to know a banker personally and could get by – by "what" we knew and not "who" we knew. (Right? - Wrong!)

    So now for the latest news – taa dah! (I am happy, happy, happy!) Last week we went to the bank to deposit a check I had gotten for my birthday. Again I was at my favorite small Wells Fargo branch. Maybe a Tier 3 bank. I love them there because they are so friendly. I had talked to the folks in this tiny branch many times about dinar - remember - we are in Houston, Tx. They never knew anything and would refer me to the larger Tier 1 branch down the street from this one.

    There you go folks – this is my story! No bashing please! I am a detailed person – so you had to read everything to read that God hit a Home Run for Us!!! But after all – this is my story – not yours!

    GO RV! AND THANK YOU, JESUS!!!
     That was the same bank where the branch Vice President thought we were nuts.  Anyway, I decided to ask one of the ladies who worked at this branch could she refer me to a private banker who was down to earth and kind and honest. (I hate being around stuck up folks who think they are better than everyone.) So this lady told me she used to work at this other branch a few streets away from this branch for several years.  She told me she knew just the person to refer us to. She wrote down his name and phone number and we left. When I got back to the hotel (that is where we have been living the past 1 ½ years). I called the personal banker and introduced myself carefully. 
    I was careful to be cryptic so he would not think I was nuts. I told him we were fixing to come into some money that would range somewhere between $28M to $44M in the next few weeks and we would need help managing that kind of money. (I remembered what Tony and DC had said about being polite and let them know you have a plan and were planning on growing our money.) I shared just a little of my plan with him – trying to coax him into saying something that would give me an idea as to whether or not he knew what was going on and was informed with present events in Iraq.  After talking a few minutes,  I mentioned we had some currency we needed to exchange and he said he would be glad to order some currency for us. I corrected him and repeated to him “no, we would be exchanging currency – not ordering it”. He said immediately – that would be no problem – they could handle that for us. So we then began discussing some annuities,  trusts, and investments. 
    He said he could help me with all of these things and looked forward to meeting me in person. We planned to meet him sometime this past Wednesday. I told him we would call him before my husband and I would drop by his bank. He wanted to put a face with the voice - so he said. Well, Wednesday when "the call" times were delayed – we decided to stick pretty close to home so we could get on "the call" whenever Tony decided to scheduled it. When we got home from running errands – we found out it had been canceled. (I get all the tweets!) I got busy and forgot to call the banker. So then yesterday – during Thursday's call the banker called me. 
    I started to ignore the incoming call but at the last minute decided to pick up the phone. I had “Tony and DC's call” blasting in my hotel room and had to jump up and turn down my speakers in order to hear him. I apologized for not calling him Wednesday and that we had gotten busy and missed calling him. Well, as we continued to talk he began to spill some information that told me he knew all about the revaluation.
     He was well informed about everything and after many calls from him TODAY – being Friday – March 6 – he shared with me he knew all about the GCR, RI and RV and CONTRACT RATES!!! There was much discussion that continued after he shared that. I was very bold and very frank about what we wanted from the bank and what we were willing to do with them. I told him about the news this coming Sunday that was shared on "the call" – that Iraq would begin bank wiring inside and outside of Iraq. He corrected me and said “no wiring over the weekends – so we should be looking for Monday or Tuesday for an appointment!!”  God found me the right banker for us and our group with very little effort!  Tony and DC - no buses here!!  Barring the creek don't rise or another disaster or war happens – we are a BIG GO!!!