,
DINARESGURUS.BLOGSPOT.COM_________________ _______

Saturday, May 12, 2018

TNT UPDATE, 12 MAY

RVAlready:  As soon as Abadi gets the results, he will have a good idea about his next term. I think the press is overblowing the difficulty of this process.

Denese:  Parliamentary elections were held in Iraq on 12 May 2018.[3] The elections decided the 329 members of the Council of Representatives who will in turn elect the Iraqi President and Prime Minister.

We will know officially who the 329 are 48 hours after the polls closed. we will probably know who they are UNofficially tonight with MSM getting inside info…. but IMO it doesnt make a lot of difference as far as RV.

Abadi will remain PM until the negotiations for next PM are done, even if it takes months which it usually does. Abadi has promised to delete the zeros after elections and restore Iraq to its former glory. i believe he will do what he said

Rock1949:  the positives are that the populus election went off w/o a hitch should confirm to Alak who wanted to see stability & security

Harambe:  Reuters: Turnout in Iraq's parliamentary election is 44.5 percent BAGHDAD (Reuters) - Turnout in Iraq’s parliamentary election held on Saturday was 44.52 percent with 92 percent of the votes counted, the electoral commission said. https://reut.rs/2IaQgSG

CJ101:  Iraq vote results: low turnout indicates al-Abadi likely to win   https://www.google.com/amp/s/www.aljazeera.com/amp/news/2018/05/turnout-iraqis-vote-time-isil-defeat-180512155813741.html
 
Cindisaintsfan:  now if you want to spend about 1 mill per week to charter a yacht.. here's a brand new one for you ... https://www.yachtcharterfleet.com/advice

DAZ TIDBIT, 12 MAY

Daz:  ITS EASY TO BELIEVE IN JUST THE FACTS
 
I SUSPECT MUCH OF THE STUFF WE HAVE HEARD FROM ALL OVER THE NET OVER THE YEARS CONTAINS AN ELEMENT OF TRUTH..SOME MORE THAN OTHERS OF COURSE.

I DETERMINED LONG AGO THAT THERE HAVE BEEN VERY FEW DELAYS IN THE PROCESS. BUT THERE HAVE BEEN A LOT OF COURSE CORRECTIONS AND FALSE STARTS...AND THE RV WAS EVEN USED AT TIMES AS A TOOL TO PRY OPEN A FAULT OR WEAK SPOT THAT NEEDED REPAIR OR ARREST.

WITH ALL PROCESSES YOU MUST SET GOALS AND THOSE GOALS ARE MARKERS TO MEASURE PROGRESS TOWARDS A FINAL SUCCESSFUL RESOLUTION. SOMETIMES THOSE GOALS ARE HIT...AND SOMETIMES THEY ARE MISSED...BUT EITHER WAY YOU ADAPT, ADJUST AND TRY TO NAVIGATE A NEW OR MORE SUCCESSFUL PATH TO THE END OF IT...ULTIMATELY, IT IS JUST A PROCESS.

I ALWAYS GO BACK TO A SINGLE PIECE OF INFORMATION THAT IN PART, SHOWS CLEARLY A FEW SIMPLE FACTS. AND FOR ME, ITS THE FOUNDATION OF MY CONFIDENCE AND TRUST.

WITH THAT SAID, LETS LOOK AT WHAT WE "KNOW".

IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY.

IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT.

THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY.

DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004.

THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD.

AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...  THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON".

IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.

 HANG IN THERE BUT...KEEP LIVIN'.

WE'RE READY WHEN THEY'RE READY.

World Bank forecasts and estimates Iraqi economy during 2018 | IQD Dina...

IQD CHAT, 12 MAY

ElmerFuddAny word on the election?

Doug_W    they still have 3 hours left to vote Elmer
BaxterDoug..yes it is... 11 am

Whitelions  I read the other day an article in the local paper that said for the first time in American history our country is divided into 1/3's 1 third wants the country to go back to the Kennedy leadership 1/3 of the country want to throw out everybody that is different them them (and that go's street by street and town by town not as a nation and the last 1/3 will watch as the 2nd 1/3 kills the people they think don't belong whether they do or not and THIS post proves how small minded that 1/3 has become
 ...
​Whitelions    Professor Dinard    "I am probably a naive redneck, but at the end of the day I will be in a foxhole with other Americans when the going gets tough and continue to believe that America is too great to fail."gosh dang yet another reason why chattels is my guru. i will be in a foxhole over here too in communist land to preserve america as the greatest power this earth has ever seen

Whitelions    me I'm in the 1/3 that will die at the hands of some one that thinks I don't belong I'm an Native Indian and my color my be off to some.

Brow    " Where White Man Went Wrong " -----Indian Chief ' Two Eagles' was asked by a white U.S. government official, "You've have observed the white man for 90 years. You've seen his wars and technological advances. You've seen his progress. and damage he's done."

The Chief nodded in agreement. The official continued, " Considering all these events, in your opinion, where did the white man go wrong?" The Chief stared at the government official then replied, " When White man ind Land, Indians running it, no taxes, no debt, plenty of Buffalo, plenty of beaver, clean water , Women did all the work Medicine man free.

Indian man spend all day Hunting and fishing; all night having sex." Then the chief leaned back and Smiled, " Only white man dumb enough to think he could improve system like that. "----" Not much else to say."

Xbruster69    [In Baghdad]
The Electoral Commission's Director of operations said SAFA, Saturday, to electronic devices programmed centrally from 7 a.m. until 6 p.m. ".

Zig    After the RV
Zig    @meatball: Hi....have you heard from BobS and/or Sergio lately?....both will not return my e-mails...

Professor Dinard    Tebow any good news on the elections?

Clay    we should know in about 2 hours

Tebow    Don't follow the Iraq elections, nothing we can do but wait for results

Professor Dinard    very cool they are having a democratic process though right?

Clayabsolutely

Professor Dinard    what candidate is best for dinar RV? its abadi right?
Professor Dinard    Iraq votes in first elections since ISIL defeat

Poll expected to be a referendum on PM Haider al-Abadi's tenure and his pledge to be more inclusive of Sunni minority.

 Professor Dinard  The low turnout was partly blamed on a 24-hour curfew put in place by the government since midnight, which was partially lifted by Prime Minister Haider al-Abadi later in the day.

Doug_W    Trump says to Hillary Knock knock
Doug_W    Hillary says who's there
Doug_W    Trump from the white house says NOT YOU

Professor Dinardits funny cause its true lol ;hug

Blossom    Hi ya all I just spoke to my friend in Iraq. He mentioned the election. I asked him if Abadi was a good man? He said no! They are all corrupt?

Zig    Is your friend named BREW?

Blossom    Lol nope
Blossom    He is in the Iraqi army. He lives in Babylon...

Zig    Blossom : Do you think he would consider coming into the chat?
​Professor Dinard    would like to visit there some day. home to one of the oldest known civilizations in the world. farming was considered to be created there right?

 Professor Dinard     Mesopotamia had already enjoyed a long history prior to the emergence of Babylon, with Sumerian civilisation emerging in the region c. 3500 BC, and the Akkadian-speaking people appearing by the 30th century BC.

Professor Dinard    i was wrong. i do not deserve title of professor! ;mad

Professor Dinard    Mesopotamian mathematics and science was based on a sexagesimal (base 60) numeral system. This is the source of the 60-minute hour, the 24-hour day, and the 360-degree circle. The Sumerian calendar was based on the seven-day week. This form of mathematics was instrumental in early map-making. The Babylonians also had theorems on how to measure the area of several shapes and solids.

They measured the circumference of a circle as three times the diameter and the area as one-twelfth the square of the circumference, which would be correct if p were fixed at 3. The volume of a cylinder was taken as the product of the area of the base and the height; however, the volume of the frustum of a cone or a square pyramid was incorrectly taken as the product of the height and half the sum of the bases.

Also, there was a recent discovery in which a tablet used p as 25/8 (3.125 instead of 3.14159~). The Babylonians are also known for the Babylonian mile, which was a measure of distance equal to about seven modern miles (11 km). This measurement for distances eventually was converted to a time-mile used for measuring the travel of the Sun, therefore, representing time.[20]

 Professor Dinard    i thought 7 day weeks was a Christianity creation. very interesting
Professor Dinard    Kirkuk’s minority groups claimed voting violations on Saturday as Iraqis headed to the polls in the first election since ousting ISIS.

Arshad Al Salehi, the head of the Turkmen Front told The National that there have been several violations in the Kurdish areas of Kirkuk.

“So far there are no observers monitoring the vote in the Kurdish populated areas, people are free to go in and vote," said Mr Al Salehi.

The Turkmen leader said that the voting process in Kirkuk's Turkmen and Arab neighbourhoods has been delayed by four hours due to a glitch in the electronic voting machines.

"This has caused many issues for us," he said. "Voting in the Kurdish areas are yet to experience any complications – it's only in the Arabic and Turkmen districts that systems are breaking down."

Voting was conducted electronically for the first time in an effort to reduce fraud. https://www.thenational.ae/world/mena/iraq-elections-2018-kirkuk-minorities-claim-voting-violations-1.729773

Professor Dinard     Of all the candidates, party lists and organisations contesting the poll, the PMF, or Hashd al-Shaabi as they are known locally, stand to gain, or lose, most. Its leader, Haidar al-Ameri, and the incumbent prime minister Haider al- Abadi, are viewed as the preferred candidates of Iran and the US respectively. The PMF itself has become a microcosm of the tussle for influence between both powers.

https://www.theguardian.com/world/2018/may/12/iraq-elections-become-battleground-iranian-influence

Professor Dinard    Ancient Mesopotamian religion was the first recorded. Mesopotamians believed that the world was a flat disc,[citation needed] surrounded by a huge, holed space, and above that, heaven. They also believed that water was everywhere, the top, bottom and sides, and that the universe was born from this enormous sea.

In addition, Mesopotamian religion was polytheistic. Although the beliefs described above were held in common among Mesopotamians, there were also regional variations.

The Sumerian word for universe is an-ki, which refers to the god An and the goddess Ki.[citation needed] Their son was Enlil, the air god. They believed that Enlil was the most powerful god. He was the chief god of the pantheon. The Sumerians also posed philosophical questions, such as: Who are we?, Where are we?,

How did we get here?.[citation needed] They attributed answers to these questions to explanations provided by their gods.......... Is this really where these flat earthers came up with that nonsense?
Blossom     Hi everyone. I just had a longer conversation with my Iraqi friend. He said they have done nothing to their currency. But he will let me know if anything changes. He does not know about the rates changing. He is a young man in the Iraqi army. But when they have more buying power he will know.

Blossom    Zig He wouldnt understand.

BREWBY QASSIM ABDUL-ZAHRA AND PHILIP ISSA

  Updated 17 minutes ago BAGHDAD    Polls have closed across Iraq Saturday evening in the first national election since the country declared victory over the Islamic State group. The vote — the fourth since the 2003 U.S.-led toppling of Saddam Hussein — was marked by reports of low turnout and irregularities.

Results are expected within the next 48 hours according to the independent body that oversees Iraq's election, but negotiations to choose a prime minister tasked with forming a government are

Zig    Blossom : If you meant that he wouldn't understand currency speculation, etc....that's fine....just may be interesting hearing a young Iraqi's perspectives about daily life there, etc.....Are young people optimistic about the future there?.....stuff like that....

txbrand    when will they know who won ..can anyone guess ? Iraq elections

Professor Dinard    txbrand they are saying within 48 hours of polls closing

Doug_W    Zig posted in DP


Zig    Doug_W :  Great...Thanks....post their location information in here if you wish....unless they don't want it advertised.....

Doug_W     feel free to request membership in my Facebook group here: https://www.facebook.com/groups/1582913105081064/

Zig    That's DINAR PERSPECTIVES

Doug_W    yes isn't that where U wanted me to post ?

Doug_W    if not too bad Charlie

Zig    Doug just posted the link to this chat room there.....hope some join us!!
Zig    You can bug Doug at two locations.....LOL

Doug_W    and vice versa

Zig    True....lol
Zig    DINAR PERSPECTIVES CONFERENCE CALLS http://www.iqdcalls.com/Dinar-Perspective.html

Zig    Blossom : How did you happen to befriend a young Iraqi soldier?

Rocketman    I'm flying over Baghdad right now in my rocket. Not much action lmbo

Doug_W    Rocketman Abadi issues a statement after the elections

May 12, 2018    Baghdad_Journal News   Prime Minister Haider al-Abadi on Saturday issued a statement after the end of the parliamentary elections in all Iraqi provinces.

Al-Abbadi said in the statement received by the «News», «With the help of God this day the general election process in all governorates of Iraq and enabled our dear people to cast their votes to choose their representatives freely and safely, and saw the liberated provinces to conduct a free vote for the first time after the Great Victory And defeat dupes. "

"Our heroic forces have achieved another victory by protecting the democratic process and have been able to protect the citizens in the polling stations scattered throughout Iraq and thwarted the attempts of terrorism to undermine security and stability in this historic day that passed peacefully to all Iraqis."

Professor DinardIn the post-ISIS era, Iraq’s youth population will need job opportunities, which can only be achieved by reducing the country’s economy dependence on the oil windfall.

According to public data from the Central Intelligence Agency (CIA), in 2016, the oil sector provided more than 90% of government revenue and 80% of foreign exchange earnings. The CIA also notes that “rampant corruption, outdated infrastructure, insufficient essential services, skilled labor shortages, and antiquated commercial laws stifle investment and continue to constrain growth of a private, nonoil sector.”

Professor Dinard     https://globalriskinsights.com/2018/05/special-report-iraqs-2018-parliamentary-elections/

chattels    LIVE: Polls close in Iraq's 2018 parliamentary election, results as we get them By Rudaw 30 minutes ago http://www.rudaw.net/english/middleeast/iraq/12052018

Professor Dinard    Somalia: Currency Reform Assessment Letter for the Central Bank of Somalia 
​Publication Date: May 11, 2018 Electronic Access:Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file Summary:

This letter provides IMF staff’s assessment on the readiness of the Central Bank of Somalia (CBS) to issue a new national currency under Phase I which will be limited to exchanging the counterfeit Somali shilling notes currently in circulation with new currency. Over the past two years the IMF has provided the CBS with extensive technical assistance (TA) to support the currency reform project.

All preparatory measures agreed on between the authorities and IMF staff have been implemented and IMF staff views that the CBS is ready to introduce the new national currency under Phase I.

This assessment letter has been requested by the CBS with the objective to share it with donors to mobilize the needed funding for the currency reform project. It is estimated by IMF staff that this project under Phase I will cost about $41 million.
Series:
Professor Dinard    wonder if iraq has a counterfeit note problem

chattels    Kirk H. Sowell‏ @UticaRisk   #InsideIraqiPolitics readers will note that we highlighted Ali's campaign in the issue just out as one of those secularists who we thought might suffer both from the division of secular parties as well as the boycott.
IQD CHAT

TNT: "OUR TURN", 12 MAY

Annie68:
I just saw on Fox and Friends,5 of the top ISIS leaders captured ion Iraq. They were lured in to Iraq from Syria.

FullSail:
It is easy to stay Posi+ive when we know many countries, hundreds or more corporations continue to invest in Iraq, a worn torn country with a currency of little value. They wouldn't unless they(us too) know something many don't. Investments coming from all point globally into Iraq, it's all over the news, our turn to shine is upon us as well.

Harambe:
Bloomberg: U.S. Issues Sanctions on Iran-Linked Currency Exchange Netw​ork

https://www.bloomberg.com/politics/articles/2018-05-10/u-s-issues-sanc​tions-on-iran-linked-currency-exchange-network

Reuters: Iraqi Kurdish fortunes reversed in city they longed for as capital
https://reut.rs/2wtOI0x

The New York Times: U.S. Takes a Risk, Old Iraqi Enemies Are Now Allie​s (5/11/18)
https://mobile.nytimes.com/2018/05/11/world/middleeast/iraq-iran-elect​ion-enemies.html

Tishwash:
Iraqi Bank receives the best award from MasterCard International


Baghdad / SNG

Iraqi Bank won the Excellence Award and Best Performance of Business Performance in 2017 from Mastercard International.

A statement issued by the International Development Bank for Investment (SNB) said that "the bank was evaluated as the best bank in Iraq by MasterCard International and based on the results achieved by the bank in 2017. The chairman of the bank, Ziad Khalaf Abdul- MasterCard Worldwide represented by its director Mohammed Kadada in Jordan and the Levant. " 

He pointed out that "this achievement is added to a large number of successes achieved by the bank in the past few years, which appreciates the role of the big and strong management of the bank and its leadership to the high levels in addition to having a huge infrastructure in the field of banking technology and human resources and technology in this area and in line with the initiative of the Secretariat General of the Council of Ministers and the Central Bank of Iraq to implement the policies of financial inclusion in the field of electronic services. " 

He pointed out that "the handover of this shield at the bank's representative office in the UAE and after the bank has recently completed all the requirements of the UAE Central Bank to open the representative office." 

Qadada stressed the importance of the partnership between the International Development Bank and MasterCard International as a key and genuine partner and after evaluating the bank's vast infrastructure, human resources and purification. The results achieved by the bank in 2017 confirm its acquisition On a large market share in the electronic card market and electronic banking. " 

For his part, Ziad Khalaf Abdul, "to continue and increase the trend towards electronic payment and the development of various products and to serve the Iraqi market and develop this partnership in the future and the application of best global practices in the field of banking technology and to serve the public and the Iraqi banking sector better." link

SPANISH CC VIDEO ABOUT IRAQI DINAR & RV & DINAR IRAQ & DONG VIETNAM UPDATE, 12 MAY

SPANISH CC VIDEO ABOUT THE IRAQI DINAR & RV

DINARES DE IRAQ Y MUCHO MAS CC: 5 MAY 2018

LINK

*****
Baghdad – Mawazine News
The World Bank published its forecasts and estimates for the Iraqi economy during 2018, where positive indicators overshadowed the scene despite warnings of the fragility of the situation because of the dangers of the situation in Iraq.
Population and Poverty Rates
Iraq has a population of 38.5 and a GDP of $ 197.7 billion. The poverty rate in line with the poverty line of $ 3.2 per day is 17.9%.
The growth
rate of the Iraqi economy is expected to accelerate as the security situation improves, with 4.4% in the non-oil sector in 2017, despite the slow pace of reconstruction activities due to the consequences of the war and low oil prices amid hopes of reforming the structure of the economy and addressing the problem of displacement.
Needs of Iraq
Iraq’s needs for reconstruction estimated at 88 billion dollars, but the positive indicators of the situation slightly according to the report, where inflation recorded a low rate in 2017 by 0.1% and the total budget deficit fell to 2.2% last year.
Public debt
Improved financial output helped stabilize the public debt in 2017 after an increase in borrowing and debt guarantees. The debt ratio stabilized compared to GDP in 2016, for example, at 64%. Foreign exchange reserves began to rise in 2017 to cope with external shocks.
Future prospects
The World Bank expects Iraq’s growth prospects to improve due to a favorable security environment and gradual recovery of investment for reconstruction amid forecasts of GDP growth despite an OPEC cut-off agreement that obligates Iraq to commit.
Iraqi Bank receives the best award from MasterCard International
2018/5/11 11:58
Iraqi Bank receives the best award from MasterCard International{Baghdad: Al Furat News} Iraqi Bank won the Excellence Award and best performance of the results of the work achieved {Business Performance} in 2017 from MasterCard International.
A statement issued by the International Development Bank for Investment received by the agency {Euphrates News} a copy of it, “the bank was evaluated, as the best bank in Iraq by MasterCard International and based on the results of the work achieved by the bank in 2017, Abd El-Arma from MasterCard International, represented by its director Mohamed Kadada in Jordan and the Levant. ”
He pointed out that “this achievement is added to a large number of successes achieved by the bank in the past few years, which appreciates the role of the big and strong management of the bank and its leadership to the high levels in addition to having a huge infrastructure in the field of banking technology and human resources and technology in this area and in line with the initiative of the Secretariat General of the Council of Ministers and the Central Bank of Iraq to implement the policies of financial inclusion in the field of electronic services. ”
He pointed out that “the handover of this shield at the bank’s representative office in the UAE and after the bank has recently completed all the requirements of the UAE Central Bank to open the representative office.”
Qadada stressed the importance of the partnership between the International Development Bank and MasterCard International as a key and genuine partner and after evaluating the bank’s vast infrastructure, human resources and purification. The results achieved by the bank in 2017 confirm its acquisition On a large market share in the electronic card market and electronic banking. ”
For his part, Ziad Khalaf Abdul, “to continue and increase the trend towards electronic payment and the development of various products and to serve the Iraqi market and develop this partnership in the future and the application of best global practices in the field of banking technology and to serve the public and the Iraqi banking sector better.”


Votes of confidence for Việt Nam’s economy | IQD Dinar Currency Exchang...

RECAP RE-POST: Updated Historical Overview of the GCR/RV ,PART 2., 12 MAY

Post RV many will need answers as why their spouses, parents, friends, co-workers, and neighbors are suddenly wealthy… this is a very honest review of the 70 year GCR/RV journey.

FIRST BASKET CURRENCIES



FROM BANKRUPTCY TO BREAKTHROUGH

The task of resetting all sovereign currencies back to a par gold value, countries agreed to be audited to determined who might be closest or furthest from a common gold standard. Those who were furthest away, were placed in a what’s been called the “first basket” of revaluations. Meaning, the above four currencies were grossly undervalued, and selected to redeem first at some pre-agreed international rate.

Other countries like our own United States, Japan, Switzerland, Great Britain, Germany and Australia were deemed overvalued, and placed in an opposite but similar first basket to revalue. This is why you are seeing such wild swings in value per those countries central banks and treasury currency rates. 

Now some countries (Zimbabwe, Iraq, Vietnam, Indonesia) have had such unstable political and monetary histories over the past fifty years that their currencies were deemed insolvent at some point by the IMF and World Bank. Each was stripped of their international trading status, and fiscal sanctions were taken against their sovereign currencies, which equates to bankruptcy on a diplomatic level. 

All four countries had to then earn the right to trade again within the international marketplace, going through years of compliance steps in order to “re-instate” their national currencies as good standing members of the global economic community. The good news all four countries ultimately accomplished this Herculean task, and as a result, their currencies are being allowed back into the global marketplace—and this time gold backed per appropriate Basel lll standards. 

But if one more deeply investigates how physical currencies actually revalue and redeem, be they in the first, second or third baskets… it’s important to consider the differences between three very different public rates all within these currency—as each of these rates will be initially offered to the public, with all three eventually merging into a single sustainable and trade-able global value benchmarked by gold. 

Below are projected redemption rates for each of the first basket currencies. All rates can and will change based on traditional market forces, called “floating”:

IN COUNTRY RATE: This rate exists so local currency holders can easily redeem to new gold backed currencies within the boarders of their own country. This rate is intentionally lower than other rates, as it is meant to ease citizens and existing population back into trusting their national currency as legal tender. Remember, some of these countries have been in bankruptcy for many years, which means at onetime they experienced very public bank failures. So metal coins are often used to help the emotional healing process, all be it at lower rates to counter over spending.

VND (in Vietnam) : $ 0.08 USD
IQD (in Iraq) : $ 3.41 USD
ZWR (in Zimbabwe) : (non relevant)
IDR (in Indonesia) : (non relevant)

INTERNATIONAL RATE: The international rate is determined by new global monetary authorities governed by BRICS Alliance members. Many would call this the “FOREX” rate, but in essence, it’s the currency’s pre-agreed upon price, consistent anywhere in the world with a monetary value pegged against the global gold standard. In the old banking system, the international rate was backed by the USD (petrol dollar); whereas in the new banking system; this rate is backed in gold per Basel 3 compliance standards. Signed Non Disclosure Agreements (NDA) are not expected to be required in order to receive an international exchange rate.

VND (outside of Vietnam) : $ 0.47 - $ 5.00 USD
IQD (outside of Iraq) : $ 3.91 - $ 8.00 USD
ZWR (outside of Zimbabwe): $ 0.15 - $ 0.32 USD
IDR (outside of Indonesia) : $ 0.80 - $ 4.00 USD

CONTRACT RATE: This rate requires a new account contract be signed between the bank and its client. Generally, the redemption rates are higher due to length of principal holding terms and additional restrictions placed upon movement of principal. Contract rates vary greatly depending on the bank, your liquidity position and how long you’ve been a client with the bank your exchanging with. Not everyone will be offered a contract rate, but in theory everyone could receive it if prepared. NDA’s will need to signed in order to receive the higher contracted rates guaranteed.

VND (signed NDA) : $ 5.01 - $ 20.00 USD
IQD (signed NDA) : $ 8.01 - $ 38.00 USD
ZWR (signed NDA) : $ 0.33 - $ 0.40 USD
IDR (signed NDA) : TBD

(*All in country, international and contract rates, are subject to change without notice; contract rates also limited to qualifying clients & specific disbursement pool amounts).

CURRENCY EXCHANGE 



IN-BANK REDEMPTIONS

Currency redemptions are typically a very simple process. Normally, a customer brings their currency to a teller window, the rate is checked, and the teller simply converts the initial currency to another currency in the denominations of the customer’s choosing. But during this very unique and historic banking event, there will be additional precautions taken to protect the public from an overwhelming in-bank redemption appointment flow. 

So much so, off-site redemption centers have been created, with security staffs, to ensure the safety of all involved given the high volume of GCR/RV traffic. Because as far as the banks are concerned, they’ve had time to prepare for this event for several years, but know the general public will be very excitable. They know all of your questions before they arise, and have pre-written responses based on well-rehearsed psychological negotiating tactics to maximize their bank’s redemption profits.

Right now, literally, thousands of bank staff members are waiting for you to enter into their facilities and begin the GCR/RV exchange process. So while there may only be four initial redeeming currencies, they will all generate abnormal exchange profits, thus the banks are keen on keeping everyone calm, cool and collected. 

From their phone operators, tellers, managers and wealth managers, all have been trained to address your concerns quickly and effectively; this so the exchange process can flow smoothly and quickly. But the exchange process actually begins with your appointment setting phone call.

Each operator will ask for your zip code, which currencies you own, and in what amount and denominations. From this information, they will schedule you in a specific branch or redemption center in terms of potential deposit qualifications. 

Once you enter their branch or redemption facility, they will again qualify you based on your identification, physical currencies held, denominations, volume and home address. If you demonstrate consistency with all your answers, they will then assign you to new accounts / wealth manager team that will assist you in your exchange.

However, if you appear negative or indecisive, or worse confused, they may ask you to reschedule your appointment so others who are better prepared can go ahead of you. Why? Because banks are in the business of making money, not friends… so the less drama the better. So be prepared to redeem on time and quickly, in a controlled manner, or be prepared to wait as others go ahead of you because time is money.

We recommend being early, respectful and understated in all your dress, words and actions. These are well trained GCR/RV bankers do not want to hear stories about your life’s calling, nor what you will do later that day with your sudden windfall. So by no means get excited pre or post-exchange, as many of these bank employees may have been lied to about the GCR/RV being real. Most were told to tell customers who asked that it was a scam. 

So get in and get out … do the best you can to maximize this first basket of currencies opportunity, and celebrate in the privacy of your own home, keeping all joy to yourself out of respect for the process and courtesy to others who are not as fortunate.

Arrive with all your documentation in hand, in a well organized binder, along with all your physical currencies, purchase receipts, gift letters, legal entity documentation, IRS tax information, existing bank account documentation, as well as a pre-made list of cashier checks you want made out to specific people, with specific amounts. Having this done prior to your exchange appoint, will separate you from 95% of those redeeming, and potentially give you an edge on getting offered the higher contract rates and/or higher interest bearing programs. 

Remember, any bank can deny service to anyone they do not wish to work with. But you can ask for anything you feel your currency is worth. So balance those two energies. Also, if you feel the need to bring along an associate or family member, it will be allowed, but if said associate or family member shows concern or undue negativity over the redemption rate or process, it could dramatically hurt your bottom line. So control their attitudes and limit their questions, especially if you feel the appointment is headed the wrong direction.

Let the general rule of thumb be: Less Drama = More Money. And most of all, do as much banking negotiating homework as possible prior to your appointment. The quality of your questions will demonstrate higher investment IQ, and thus potentially affect the rate and term you ultimately get offered. Why? Because the contract pool is limited to a set amount, and the bankers will be seeking high volume and high investment IQ clients to offer the contract rates too.

So sew for the worst, hope to reap the best, and get as much as you can in the most gentle and loving way.

WEALTH DIVERSIFICATION



MULTI-CURRENCY ACCOUNTS (MCA)

Every wise wealth manager will advise individuals to take their time and think through all major investment decisions. Measure twice, cut once is the old carpentry adage, but in the case of the GCR/RV, the opposite is true. Time is money… short and long term. So know that bankers and wealth managers alike will simply not have the time to answer too many questions or wait on clients to make decisions their attorneys tell them is acceptable. 

The sheer volume of new clients expected to flood their banks is overwhelming during the first few weeks of GCR/RV redemption. Therefore, it’s wise to design your own inbank wealth diversification strategy to prudently manage all your new, sudden and large volumes of liquidity.

Multi-Currency Accounts (MCA) are one proven way. They are sophisticated business oriented bank accounts typically for international account holders with multiple currency needs to service expenses. An MCA allows them to control liquidity all over the world from a core host bank near where they live. And though their wealth might be held in multiple foreign currencies, all are considered liquid assets in the US banking system, thus a bank can freely lend against them as if they were USD currency.

Clients generally diversify a certain percentage away from a core currency and diversify into other foreign currencies; thus hedging risk while still maintaining constant liquidity anywhere in the world. MCA’s are good at protecting principal if their bank’s host country’s suddenly has an economic melt down, as they need to move funds quickly without traveling out of the host country. 

Also, MCA’s can be used an speculative investment tool by dividing up a core or host currency into several smaller, different emerging foreign currencies, thus diversifying wealth across more continents, countries and cultures.

MCA’s are a time tested and practical financial mechanism for accomplishing the goal of wealth diversification during your initial redemption appointment—especially for rookie investors because it’s as easy as opening a new bank account.

Plus, most major banks offer dozens of different currencies positions inside of your MCA, yet it is wise to go with established currencies with stable governments for the bulk of your funds, especially countries that have long histories of supporting their currencies with gold.

Below is a textbook wealth diversification strategy using an MCA, that in now way replaces a certified investment advisor’s counsel, but for the time being does allow you some diversification options in the 20 minute window you may have to redeem, and let you walk out of the bank with some peace of mind. 



TRUSTS



ESTATE PLANNING

Traditionally, trusts have been used to minimize estate taxes while offering other benefits as part of a well-crafted estate plan. A trust is also a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. A trust can also buy, hold, manage and sell many hard asset classes. 

Trusts are arranged in many ways and can specify exactly how and when said assets are to pass on to beneficiaries. Since trusts usually avoid probate, your beneficiaries may gain access to these assets more quickly than they might to assets that are transferred using a will. Additionally, if it is an irrevocable trust, it may not be considered part of the taxable estate, so fewer taxes may be due upon your death.

Assets in a trust may also be able to pass outside of probate, saving time, court fees, and potentially reducing estate taxes as well. Other benefits of trusts include:

Control of your wealth: You can specify the terms of a trust precisely, controlling when and to whom distributions may be made. You may also, for example, set up a revocable trust so that the trust assets remain accessible to you during your lifetime while designating to whom the remaining assets will pass thereafter, even when there are complex situations such as children from more than one marriage.

Protection of your legacy: A properly constructed trust can help protect your estate from your heirs’ creditors or beneficiaries who may not be adept at managing money.

Privacy and probate savings: Probate is a matter of public record; a trust may allow assets to pass outside of probate and remain private, in addition to possibly reducing the amount lost to court fees and taxes in the process.

There are numerous trust entities one can make with your new wealth, however it is always wise to follow the advice of legal counsel when choosing what is the best fit for your individual goals. Below are the two types of trusts widely accepted as the core foundation for all trust entities:

Revocable Trust

Also known as a living trust, a revocable trust can help assets pass outside of probate, yet allows you to retain control of the assets during your (the grantor’s) lifetime. It is flexible and can be dissolved at any time, should your circumstances or intentions change. A revocable trust typically becomes irrevocable upon the death of the grantor. You can name yourself trustee (or co-trustee) and retain ownership and control over the trust, its terms and assets during your lifetime, but make provisions for a successor trustee to manage them in the event of your incapacity or death. Although a revocable trust may help avoid probate, it is usually still subject to estate taxes. It also means that during your lifetime, it is treated like any other asset you own.

Irrevocable Trust

An irrevocable trust typically transfers your assets out of your (the grantor’s) estate and potentially out of the reach of estate taxes and probate, but cannot be altered by the grantor after it has been executed. Therefore, once you establish the trust, you will lose control over the assets and you cannot change any terms or decide to dissolve the trust. An irrevocable trust is generally preferred over a revocable trust if your primary aim is to reduce the amount subject to estate taxes by effectively removing the trust assets from your estate. Also, since the assets have been transferred to the trust, you are relieved of the tax liability on the income generated by the trust assets (although distributions will typically have income tax consequences). It may also be protected in the event of a legal judgment against you.

TAXATION



WITHOLDING TAXES

The GCR/RV is clearly the once-in-a-lifetime global debt jubilee, thus there’s little doubt government’s worldwide have updated taxation laws to collect their portion of our windfall. That said, it is wise to expect traditional Capital Gains taxation (short-term 1 year or less, long-term 1 year + 1 day). Although, a flat tax or “Historical Asset Tax” may ultimately be assessed on GCR/RV redemption currencies, and range anywhere from 14% to 20% at the Federal level, there may be NO TAXES ASSESSED upon redemption.

No one really knows what the federal tax implications are until they are at the redemption locations. If however, they do charge a State level tax for US citizens, it will be more than likely assessed per existing tax laws, and largely dependent upon personally reported income (see 50 State chart below): 



Whatever your final tax rate, be sure to save a healthy portion of your profits specifically for eventual tax exposures (which you’ll be paying on a quarterly versus annual basis now), and always make sure you consult with your accountant or CPA as soon as possible to determine how best to move forward in a legal and ethical manner, so you can quickly pay your fair share but not a penny more. 

Look, nobody wants to pay taxes, but everybody seems to end up doing so in the end; just keep in mind it’s far more important that you sleep well at night versus stressing out over ROI’s or profit maximizations, given how fortunate you were to receive these kinds of returns in the first place.

Just keep everything in perspective and remember to enjoy the GCR/RV process… including the taxation portion of it.

SUMMATION



TREE OF LIFE

This money, for whatever heavenly or earthly reasons, has been placed in your care to help yourself, your family and other families. So always look to be of service and do no harm. For just as there will be many new choices to make post-GCR/RV in terms of lifestyle, there are also choices to be made in terms of who you will allow to participate in your wealth. Meaning, you might need to reconsider everyone currently in your stable of friends and professionals given your newfound wealth. 

Not only must your inner circle be familiar with all areas of the law, estate planning, tax, investment and diversification, but they also must understand the delicate privacy needs of high net worth and ultra high new worth clientele. As well as be in alignment with you morally and spiritually, sharing common values as human beings.

Make sure to work slowly, always thinking about sustainability and protection all your resources. Listen before you speak. Remain patient, prudent and selective with all your words and actions no matter the chaos swirling around you—because as you have probably heard many times before, with great wealth comes great responsibility—well, great responsibility now falls squarely upon your shoulders. 

Try always to remember that pure thoughts create pure results, while impure thoughts create impure results. It’s simple but practical wisdom. And while it is your new job to protect these assets, consider the task of blessing the huddled and tired masses with a portion of your wealth, seeking out the less fortunate in society and providing those in need with generous contributions, love and prayer… for God is watching.

May your hearts forever be filled with the infinite grace and eternal peace of our shared Lord and Savior Jesus Christ of the Nazarene.

WSOMN CHAT, 12 MAY


Most Gracious and Heavenly Father, siting on the very tip of the weekend we look around for assurances and still see the same opinions that we endured last weekend that our exchange was eminent and may have to wait after the elections as was predicted long ago. Still Father we hold tightly on to our hope and faith as these next days progress. Disappointment is present but subdued at this point.

Dear Lord God Almighty, as we come before you during this time of so much uncertainty, we continue to ask for Your strength to be with us as this process winds down and the evil ones who have been in control of our monies and our lives for that matter with threats of legal actions from within our own government held over our heads and controlling our lives for centuries. Help us bring the “dark ones” into the light.

My friends, I like many of you have waited long and stretched our finances to the limit while we are spoon fed bits and pieces of information about what is about to finally come to a conclusion. It I my sincere hope that I, in my own small way, have been able to lift your spirits from time to time. Perhaps, one day we will meet and greet each other in spirt. Until then remember, “Our Destiny Awaits” God Bless you all.

Isn't a sloth a very slow moving animal? Am I missing something? Thank you, Admin for the update. It will come when it is the right time.

Morning to all. Looks like the gurus goofed agin with their boasts the RV will be before the elections on Saturday. Today is their Holy day and already just past 1PM

Thank you AB for your inspirational words. Looking forward to my Happy dance. Pharrell Williams is one of my most favorite.

If this saga is advancing more quickly than a sloth, I consider it a positive movement. Sometimes, I feel as though things stand still.  I'll do my RV happy dance after my bank appointment.

Sandnsea wrote
yesterday
Admin Bill - Faster than a South American Sloth is not encouraging - lol


ALL IS GOOD, JUST NEEDED A SHORT BREAK AND NOW I'M READY FOR THE BANK

IT HAS BEEN A LONG AND HARD RIDE FOR ALOT OF US ON THIS JOURNEY. GOD'S TIMING IS PERFECT AND WE HAVE BEEN PREPARED ALL THIS YEARS FOR THIS BLESSING.

SANDNSEA - A SOUTH AMERICA SLOTH MAY BE SLOW BUT IT IS METICULOUS AND ALWAYS GETS THE FOOD IT NEEDS. OUR SLOTHS ARE MUCH FASTER. MUCH.

GOOD TO SEE RAGINCAJUN BACK FROM HIS SPRING BREAK

Certainy seems that our sloths are going in reverse.

Ted, I may not be here when you arrive tonight. But I wanted to take this opportunity to tell you how important you are to us all.

Your comments and prayers bring warmth and light to sometimes places which darken with the despair of this interminable wait. You give many of us just that little bit of hope and strength to hang on.

You are indeed most important to us all. Thank you is such a small phrase for what gift you give us, but that’s all I have. Thank you.

IQD RV Update News (RANT# 150)

DINAR GURUS UPDATE, 12 MAY

5-12-2018  *** Dinar Guru News Update ***  Iraqis are headed to the polls today Saturday, May 12, 2018 to vote in the next parliament.  This new parliament will ultimately determine the next Prime Minister of Iraq.  Obviously, this is an important election as it will determine the direction of the country and holds the fate of the dinar.  Stay tuned as the results come in. The latest guru updates will continue below...
5-12-2018   Newshound Guru MilitiaMan   Article: “Bank of Iraq won the Excellence Award and best performance of Business Performance in 2017 from MasterCard International.“   ...Mastercard, Financial Inclusion and Electronic Banking (payments). This is out today! ...They are reiterating things, as in education.   Guess what else...education of the Citizens and their new currency. They'll be using Bill Boards (presentation boards)...These boards are said to be all over the country now...and will show the Citizens pictures of the notes. There will be no confusion or mistake about it. Thus, in conjunction with that exposure may come the RI or closely thereafter, iho.   ...All data like this above supports the process is fully underway and imo coming to an intersection. 

5-12-2018   Newshound Guru Kaperoni
  [Anyone know what the auctions were the last two days?]   There were no auctions

5-12-2018   Newshound/Intel Guru Mnt Goat   Article:  "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022"  Does this plan also include the final stages of the “project to delete the zeros”Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.

5-12-2018   Newshound/Intel Guru BGG   Article:  "Iraqi Police Intercept 31 Boxes of $100 Bills from Iran to Promote Iraqi Puppet"   Quote:  "The Iraqi Police intercept 31 boxes filled with stacks of $100 bills, smuggled from Iran, into Iraq, to be delivered to Hadi Al-Amari, head of the pro-Khomeiniist regime Badr militia."  Talk about COLLUSION!!  ...I’ll give you two good guesses as to where these $100 bills came from… (… and the first hint is – it wasn’t DONALD TRUMP).

5-12-2018   Newshound Guru Stryker   The Time is no better than Right Now!  New Elections, No ISIS Occupation, a New National Development Plan, Modern Banking, New Electronic Transactions, IBAN, SWIFT, etc, etc...

KTFA UPDATE, 12 MAY

KTFA:

Don961:  Iraqi elections: Abadi is clearly advanced

2018/5/12 01:55:12 PM

BAGHDAD (Reuters) - Iraqis went to the polls on Saturday morning to elect the fourth parliament since 2003, the first since a militant group was defeated, but few expect it to produce new faces.

Stabilizing a country plagued by conflict, economic hardship and corruption since the fall of Saddam Hussein's regime could strengthen the influence of countries in the country. Regardless of the geopolitics that have deepened sectarian divisions, Iraq faces a set of challenges after a three-year war against a costly organization that cost the country about $ 100 billion.

Much of Mosul has been turned into rubble, and security is still threatened by sectarian tensions that erupted in 2006.

Winners of the election must face the consequences of US President Donald Trump's decision to withdraw from the nuclear deal, a move that has raised Iraqis' fears that their country would be the scene of the conflict between Washington and Tehran.

Jamal al-Musawi, a 61-year-old butcher, said: "The candidates are looking for filling their pockets and not helping people. I will put an X in the ballot. There is no security, no jobs, no services."

The three top candidates for the premiership, all of them Shiites, are Haidar al-Abadi, his predecessor Nuri al-Maliki and Hadi al-Amiri, secretary-general of the Badr Organization, all of whom need the support of Iran and Washington to win the premiership.

Analysts believe Abadi is clearly ahead of him. The win is close enough to form a cohesive government, because he has continued with the Sunni community but has angered the Kurds after crushing them for independence. Analysts say Abadi has languished in improving the economy and tackling corruption, and he can not rely solely on the votes of his community as the base of Shi'ite voters is unusually divided this year.Instead looks for support groups and other blocks.

Even if Abadi's list wins the largest number of seats in parliament, he must negotiate heavily to form a coalition government that must be formed within 90 days of the election.

On the other hand, Iraqis see they are disappointed with the war and politicians who failed to restore state institutions and provide much needed health and education services.

"There is no trust between the people and the ruling class, all sides are terrible in ruins and I will not vote," said Hussein Fadel, a treasurer at a 42-year-old mall. While others expressed frustration at the technical problems that kept them in the vote, especially in Falluja, which was supporting Saddam Hussein and destroyed by the recent battles.
"I have to vote because it's very important," said 65-year-old Khaled Abdul. Critics of Nuri al-Maliki's policies say it has created an atmosphere that would allow the emergence of a hawkish organization in Sunni areas that showed sympathy for extremist groups in 2014.

Maliki has been excluded after the emergence of an adamant organization while he remained in office for eight years but is now trying to return.

More than 7,000 candidates in 18 Iraqi provinces are competing this year for 329 parliamentary seats. More than 24 million people out of 37 million Iraqis are entitled to vote in the general election, the fourth since the fall of Saddam Hussein's regime.

In the oil-rich city of Kirkuk, Shahid Najem says Iraq's turmoil over many years, ranging from Saddam's adventures and subsequent sanctions to US occupation and bloodshed to the emergence of an up-and-coming organization, has not lost hope of change. "God saves Iraqis from the darkness they were in."   link

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

Samson:  Foiled terrorist attack to target polling stations in Diyala

08:30 - 12/05/2018  

Security forces in Diyala on Saturday foiled a terrorist attack to target polling stations in Baquba, the center of the province, noting that the frustration resulted in the killing of three suicide bombers.

A source in Diyala police command told the \ "information \" that "the security forces killed three suicide bombers to the criminal in the area of ​​Jarf salt in Baquba."

The source added that "the process of frustration did not result in casualties among citizens or security forces." Stressing the stability of the security situation and impose full control of the province. "

And started on Saturday morning, the general election for the elections of the House of Representatives in Baghdad and all 19 provinces of Iraq, while witnessed the capital and cities imposed a curfew to increase the procedures for securing elections.   LINK

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

Samson:  Abadi casts his vote and calls for active participation in the elections

10:02 - 12/05/2018  

Prime Minister Haider Abadi said on Saturday that the current parliamentary elections are crucial, calling for the need to participate actively in the general election process.

"The current parliamentary elections are crucial for Iraq, so it is necessary to actively participate in them," Abadi told Al-Iraqiya after voting in an electoral center and his follower.
Abadi added that "the proportion of participation in the special vote for members of the armed forces was a good proportion, as declared by the Independent Electoral Commission for elections."

It is noteworthy that the general election for the elections of the House of Representatives began this morning in Baghdad and all 19 provinces, while the capital and cities witnessed a curfew to increase the procedures for securing elections.   LINK

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

Samson:  Commission: The ballot box closes at 6 pm There is no extension

2018/5/12 14:58

The Independent Electoral Commission confirmed the closing of the ballot box at 6 pm on Saturday.

"The closing of the ballot boxes will be at 6 pm today and there is no extension," said the director of the operations department of the UNHCR.   LINK
Samson:  High participation rate after the invitation of her religious reference agent

 2018/5/12 16:35 

The number of participants in the parliamentary electoral process rose on Saturday after the invitation of the Deputy Religious Authority Sheikh Mahdi Karbalai citizens to go to the polls for change. "It is necessary not to reach the stage of despair to correct the course of state institutions," Sheikh Karbalai stressed during his vote in the general election today.  "The hope remains the same as the history of the people who adopted this experience, especially since the supreme religious authority has shown that there is no alternative to the electoral process," he said. 

The director of the Karkh Committee Raad Numan said that the process of voting for the Iraqi parliamentary elections on Saturday, is going well and turnout is increasing.  Al-Nu'man said in a press statement today that "since the morning began the proportions between the increase and decrease vary between regions," noting that "there are many areas of Baghdad within the Karkh sector is very popular, which forced us to stop work in some centers for a few minutes to organize crowds" .

"In general, talk about the ratios is still in the middle of the convergence rate exceeded 15%, and now the talk is more than double the rate of turnout in Tzadi Sadid."  He pointed out that "we have displaced people living in displacement camps did not get their cards and the Commission began to cast their votes by allowing the two holders of the ballot card who has the loss of the ball to cast their votes."   LINK