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Friday, September 18, 2015

TNT : ELMERF123456 UPDATE, 18 SEPT

Just In....Read this!!!!

I got a text from my friend across the pond. 

It was in reference to the protests going on. He said the Abadi went into the crowd at Tahrir Square in Central Baghdad  Thursday afternoon and Randomly picked 100 citizens to come and speak with him at one of the Government Buildings. The purpose of that was to answer straight lined questions from them and to give straight lined answers. The center of that discussion was that at the beginning of the coming week Big Changes were happening and for them to take the message back to the people.  
Now that's what I'm talking about!  Elmer 

DEALER OF IRAQI DINAR IN PUERTO RICO UPDATE, 18 SEPT

Dealer of Iraqi dinar in Puerto Rico : These are things that keeps me so positive ... !! Interesting information out ..... Listen to the first 5-6 minutos..y to 14-15 explain the POWWWWW Funds RELEASE .... !!!! Gradually we get ..... God is Good.
PS: If you have questions about what he said, have emailes them.

Spanish

Son cosas asi que me mantiene positivo...!! Interesante información saliendo..... Escuchen los primero 5-6 minutos..y hasta los 14-15 explican el RELEASE de los Fondos POWWWWW....!!!! Poco a Poco llegaremos..... God is Good.
pd: Si tienen preguntas sobre lo que dijo, tienen emailes ellos.
LANDACHINAGLOBAL.COM

DINAR GURUS UPDATE, 18 SEPT

9-18-2015   Intel/Newshound Guru Mnt Goat   Many...intel “gurus” are now telling you there are two windows of opportunity that the PTB are aiming at for the currency reform mid September and the end of September.  I also believe these two alternative timeframes have been set for an RV.   Mid September is here and Iraq has not yet completed all the promises from the mid June conference.They have decided to extend the effort for another 2 weeks to the end of September. So do not expect any RV at least until this timeframe.  So they will now move to a new target end of September ending as their next date. Iraq is very close to accomplishing the needed tasks...  They have less than 2 weeks to pass a couple needed laws but these are the most controversial ones.  But the good news they are acting now and now is finally the time.  [post 2 of 2]

9-18-2015   Intel/Newshound Guru Mnt Goat
   ...many say that Iraq is a sovereign country since they are now out of UN Chapter 7 sanctions (since June 2013) however technically this is entirely NOT TRUE until they get their currency reinstated...they need political and economic stability along with physical security in order to get their currency reinstated.   When they hit mid year of 2015 it was apparent that a new strategy and a plan had to be made to “aggressively” push this reform process along...  So in this June 2015 time period the PTB called another Paris Conference. Part of the dialogue was to come up this new plan...  They asked how they could “pick the low hanging fruit” (prioritize the reforms that would given them the most benefit and can be accomplished in the shortest period of time). They recently referred to these items as the  “hasty” reforms.  The plan also included sequencing the implementation of the laws so the reforms could work.  We know the process now - distribute the lower denominations, launch the 50k notes in circulation, continue the project to delete the zeros to coincide with a significant increase in the value of their currency.  [post 1 of 2....stay tuned]

9-18-2015 Newshound Guru Breitling
  The HCL has nothing to do with what we need to look at.  It's not going to push anything forward or anything like that.  The HCL has to do with the country federalizing and what they are going to do with oil.  

9-18-2015   Intel/Newshound Guru tman23
  Regarding Investment Law...Investment law is composed of three legal sources: international law (especially investment treaties), investment contracts between investors and states, and domestic law. At the international level, the main legal instruments relating to investment are investment treaties. These primarily aim at protecting the foreign investor in the host state.  The reason for the Iraq Bonds not yet being released for international sales yet... The Investment Law! BUT...Gurus will say it is because they need a (RV) rate... WHICH IS NOT SO!

9-18-2015   Newshound Guru Chattels   "MARKET RATE 1228 - GEESH!!" ...NOT THE DIRECTION ON THE MARKET PRICE THAT WE WANT.  I HOPE THAT I AM WRONG  BECAUSE I AM HEAVILY INVESTED AND WILL CONTINUE TO HOLD WHAT I HAVE, BUT THE NOTION THAT OUR LIQUIDITY EVENT IS IMMINENT IS HIGHLY UNLIKELY, IMO.   I DO BELIEVE IN MIRACLES, BUT THAT IS WHAT IT WILL TAKE IN THE NEAR(ER) TERM FOR IRAQ AND US, IMO.

9-18-2015   Newshound Guru Kaperoni   Article quote:  "So fund managers say that Iraq will not find buyers for its bonds only if you pay very high returns."  I think they mean investors feel that these bonds are to risky unless they make it worth their while..which is a high rate of return.  We will find out soon as a group from Iraq is on their way to the US to try and push these bonds...   Quote:  "Iraq and systems to promote meetings for investors in London on Thursday and Friday is due to this activity moves to New York, Boston and Los Angeles this week."

9-18-2015   Newshound Guru Adam Montana   [...a lot of us, a ton of us have the 25k note. If the CBI starts retiring more notes once it RV's at a dime or above, then kept on a market float up, which notes would they eliminate first from 25k downward? From the 100 IQD upwards? How long of a window would we have to trade them in for other safer denoms?]   I believe they will start with the 25k and go down, and we should have a window of AT LEAST 3 months, and probably a max of 2 years.

9-18-2015   Newshound Guru OOTW
   I...WENT TO THE MINISTRY OF FINANCE SITE AND THE DRAFT BUDGET LAW FOR 2016 HAS BEEN UPLOADED...IT'S ENCRYPTED SO NO JOY THERE.  I DO NOT SEE THE BUDGET LAW AS ANY "TELL" REGARDING A CHANGE IN VALUE.  LAST YEAR AND SUBSEQUENT YEARS...BY OCTOBER THEY USUALLY HAVE NEXT YEARS BUDGET INTRODUCED, IF NOT AGREED UPON...HOWEVER, THIS YEAR WE DIDN'T HEAR /SEE IN THE PRESS CONSTANT ARGUMENTS AND FAILURES TO AGREE...SO THAT'S VERY GOOD.

TNT CC NOTES, 18 SEPT

Replay 605.562.3179, PIN CODE 409029#
Tony:  Good morning, TNT!  Today is Friday, September 18, 2015.  We are here once again, and it’s a super-fantastic day, whether you realize it or not!  It’s going into a super-fantastic weekend and an unbelievable weekend.  I know you want to know why, as no one believes all that stuff.  It’s a super-fantastic day as somebody is about to get paid.  We need to figure out who that is.  I told you all the dates – between now and the end of September – and this week is good, and the week is not over.  Abadi said everyone would get paid with reforms retroactive to the first of September.  We were trying to figure out what day people get paid. It should have been on the 7th or 8th.  They should be paid with the new rate and it should be retroactive to the 1st.  They have reduced the salary of the ministers, on their cards.  They have announced that they will all be paid before the Eid holiday, which is on the 23rd, and now they have announced that people will be paid by Sunday for the ministry of transport, planning, education, etc.  Then next Sunday (the 20th) they will pay the Kurdistan region.  We just need to see if it will be retroactive to the 1st – not for us but for their own people.  Once again, if they say it will happen and it doesn’t, that will not be good.
Millions of people are in the streets.  They are making these announcements in public, in articles to their own people.  They have control – or if they don’t, there will be trouble.  I know everyone is ready, agencies, banks and all.  Our information is that the banks have the same information and the same gate to activate this.  I won’t say the date, but every bank has statements on their screens, same one at different banks, saying this is about to  happen and WHAT is about to happening.
I feel super-fantastic.  I have the date, not the time. There are six different times that it can occur.  We’re looking good.  Let’s just go with what they are putting out to the public, that they are getting paid on Sunday, and the rest will be paid on Tuesday.  That’s the good news; there is no bad news.  Short, sweet and to the point.  Nothing has changed about exchange procedures or rates, so we wait.
252 caller:  How are you?  My line cut off and I dialed back in.
Tony:  I have had people on the line for 300-400 minutes, and all the hands went down, so someone has reset this because everyone is at 48 minutes.  I think it was Pam!
Caller:  I’m super-excited, hoping this is done for all of us so we can see our blessing.  It would be nice to go to Vegas, Vegas, Vegas!  Hope to see you there!  [chitchat]
281 caller:  I haven’t talked to you in a long time.  I have a question about fiat vs. asset-backed money.  If it were you, how would you put your money in a safe haven until the dust settles?  I’m concerned about how going asset-backed will affect the economy.
Tony:  I hear it’s been a controversy in Dinarland this last week.  Everyone will be Basel III compliant.  The US will not collapse.  The US dollar is too strong at the moment, worth over a dollar;  it works best when it’s worth best.  Everyone keeps their money in banks;  no one has a vault, it’s all in a bank somewhere. With all this money flowing into the banks, they are not going to collapse in the next six month!  You will be the richest people in the country!  You can sit back while the rest of the world figures out where this money is coming from, so you can relax while you wait for the markets to calm down. I’m going to leave my money in multiple banks before I jump into the craziness.  It’s the fourth quarter, and peoel will be buying stuff and hiring people.  The only question is where the new millionaires are putting their money in the markets, because the economy will take care of itself.
Caller:  Many dinarians are discussing where to put their money, including other currencies.  Would the big insurance companies be a good place to put your money while the markets are settling?
Tony:  I cannot really advise you on that.  I have never seen an insurance company go broke, so if I just want my money to sit for year, I think that is as safe as anything. There is going to be a lot of money to be made in future technologies like 3-D printing and others, and if you go to the right bank, they can introduce you to some hot IPOs, etc.
Caller:  You answered my question, thank you.  Vegas, Vegas, Vegas!
Tony:  By the way, it’s Pam’s birthday weekend – do me a favor and wish her a Happy Birthday!
281 caller:  So we are ready to go to the bank this week?
Tony:  I am ready – I was ready to go yesterday!
Caller:  Have you talked to DC recently?  We are all moving to Austin!
Tony:  I talked to him a couple of times this week;  he is good, busy, doing his work.  There are places God has set aside for people who don’t know any better, like Texas!
559 caller:  I am super-fantastic!  I was on the call early and got disconnected as well.  I have a quick question:  is the bank still going for their 2%?  Is that negotiable?  Will the rates be negotiable as well, between the rates on the screen and the contract rates?
Tony:  I think the rate will be negotiable, because of some people who have already exchanged.  Nothing beats a failure but a try;  if you don’t ask, you won’t receive.  My understanding is that the contract rates are still available, but the manager will have to see if you fit the criteria, how long you will leave money in their bank, etc.  I don’t know that each individual will be able to negotiate it.  If you leave your money for six months or a year, they may be able to offer a bit more.  They don’t know how many are coming in behind you.  Those guys work for the bank, not for you.  If they can make it a win-win, that’s great.  They get a commission, so if you sit down and say “I want you to get paid, but I want to get paid” then maybe you can work something out.
Caller:  I’ve been in this for over ten years.  Happy Birthday to Pam, and Vegas, Vegas, Vegas, here we come!
Tony:  Send your birthday wishes to Pam, not to me!  I do have your birthday cake ready, Pam.  We all want to tell her happy birthday.
919 caller:  I talked to you and DC long ago, and I want to do a movie of you guys with George Clooney and Scarlet Johansson.  [Appreciation]  My husband and I are in danger of losing our house by 14. October;  do you think in your heart of hearts that something will happen between now and then so we can rest easier?
Tony:  It’s looking really good, and the dates on the boards is between now and the end of the month. No guarantees, but that is what they are being told over there in the street and in their mosques and the news media.  They are very aware of what will happen if it doesn’t, and I don’t think they want the reaction if it doesn’t.
Caller:  Vegas, Vegas, Vegas! and also Raleigh!  And we do miss DC!
Tony:  Even if we don’t’ do Vegas we will do Raleigh!  DC is doing 14-16 hours per day doing what he’s doing, and it’s not easy, but he is still thinking about you and we are still talking every day.
404 caller:  Good morning!  Thought I would say hello.
Tony:  We all thought you were the other 404!  Anything going on?  I’m ready to get this started!  Ray is stuck in traffic.
Caller:  Has Abadi made the announcement yet?
Tony:  No, or we would be at the banks.  He could make it at any time.
404 caller:  I also got knocked off earlier.  The government of Iraq seems to have changed its modus operandi – they were working through the holidays, and now they are saying things are deferred until after the Eid holiday.
Tony:  Nothing has changed – they are still working through the holidays, they just aren’t talking about it.  You will hear everything is done and completed before the 23rd, and if not, they will work through the 27th and there will be a big announcement on the 29th.  This entire thing will be completed by the 30th.
Caller:  Vegas, Vegas, Vegas!  And Happy Birthday to Pam, whether Sunday or Monday.
512 caller:  This is Tony from Austin TX.  I know good things are in store for us this weekend.  Apparently Abadi was supposed to make a major announcement yesterday, deferred to today.  What that the message that the people would be getting paid?
Tony:  I don’t know.  It could have been.  Late last night, there was an opportunity for him to do it this morning in the mosques, which he obviously didn’t seize.  There are 5-6 times when he can make that announcement.  They gave him a number of options, and I don’t know which he intends to do.
Caller:  So our back wall date is September 30th?
Tony:  I can tell you the plan as it’s laid out, but Abadi didn’t take the opportunity this morning to do it;  if this is not done Sunday and they don’t pay them the whole rate, then that plan is out the window because there are four million people in the street.  Every time they don’t take the opportunity, it can change again.  That has nothing to do with the actual GCR or RV, because everything has been done, technically.  The rates are there and visible, and it could go ten minutes after I hang up.  However, the whole thing can go out the window if they don’t do this on Sunday/Tuesday, if people don’t get what they expect.
Caller:  [Appreciation]  Pay it forward and help those in need.  Vegas, Vegas, Vegas! And I hope to see you in Austin sometime soon.
Tony:  It’s okay to show up in Vegas with a Rolls Royce for Tony!
772 caller:  Thanks for clearing up about rates and such.  Sometime it would be great to have Q+A about what to look into with respect to other investments, etc.  I don’t’ know if you’ve thought about that, or have any venues for that.  It doesn’t matter what we think, it’s about when they decide to let us loose.
Tony:  Even if we are not here afterwards, I hope the last five years have given you information and helped you have a larger perspective looking into opportunities. The biggest thing you probably learned here is that there is more to our government and global governments than the average person sees. The same is true of television broad-casts, articles, news, etc.   We have shown you how 20 stations across saying the same thing, word for word – how is that possible if they are not being fed the information.  Many have tried everything to take your money. Everything that glitters is not gold, so be patient in making your decisions.  You have also heard people’s plans of what to do with this money, how to get involved with your community, and know you can effect change as individuals, as teams, and as new millionaires.  Hopefully you can pay it forward in your neighborhood, your city as well as charities and such.  I’d rather walk down the street handing out $1,000 bills, knowing I have changed someone ‘s life, or pull up to an orphanage with a truck full of toys where I can see how I’m affecting my community.  We thank you for being here, too, because it took all of us to do this together.
Caller:   I appreciate how you bring in that peripheral information that helps fit together the pieces of the puzzle.  A door closes and a door opens.
Tony:  In 15 years, this will make a great book – how this was put together, how key decisions were made, and so on.  Everyone has their side to the story. Some might make us look bad, because we said a thousand times this si happening, but that’s life.  WE have a story, the government has a story, and we’ll put  it together and that will be the truth.  Even though this will not happen again on this scale, other currency revaluations will take place, because history repeats itself, maybe not in our lifetime, but we will get a fresh start.
202 caller:  Regarding Iraq with Abadi making a lot of moves, if someone like Maliki were to take him out, how would that affect the RV?  We hope not, but is there any secondary plan to continue his reforms and the RV?
Tony: So they take out their prime minister, they have presidents or vice presidents like we do.  If something were to happen to our President, someone else would get sworn in and put their own cabinet together.  The rest of the world would look at us differently because there would be a new Commander-in-Chief, etc.  Iraq is a hundred times worse, it would be a rudderless ship, and it would ten years to put this back together.  So we don’t want that.
Caller:  With it being scheduled by the end of September, and with the upcoming elections here, would it be a safe bet to hold off until after the  US elections?
Tony:  You mean for 15 months?  The election is not until next year!
Caller: You said that it would be best to hold onto our money for 6-12 months before making major decisions, and that almost takes us up to the elections.
Tony: I am not going to let my money rest that long.  I am looking more at the markets and the economy.  You know that banks are going to put money into the markets, and many will be jumping into day trading, and such.  This is actually the best time to do this, because it will give great fourth quarter results just before an election year.  Just after the election is the worst time, when people are most uncertain while they wait to see what the new president goes in.
510 caller:  Have you heard anything about the tax?
Tony:  I heard from someone very smart that you should set aside 50% for federal tax plus your state tax, so that is what you should do.  If tax comes out lower, you win!  I have heard a rate, but it hasn’t been put out so I’m not saying it in case it changes again.
Caller:  Happy Birthday, Pam, and Vegas, Vegas, Vegas!
Next caller:  [chitchat]  Have there been any changes in the NDA?
Tony:  No, I haven’t heard anything new on the NDA.  There is only an NDA if you want to take the contract rate?
Caller:  Is there a minimum before you get offered the contract rate?
Tony:  No.  I think you can get a rate, go back to the wealth manager and up it, but now it seems they may allow the exchange officer to offer you the contract rate.
Caller:  Do you think the majority of these exchanges will be at special locations so that the regular tellers will NOT be seeing people dancing in the streets?
Tony:  I understand that most of the exchanges will be at the high-dollar locations, so that most of the tellers who have been told for ten years will not even be told this is happening.  They want to limit the exposure, and that makes sense.
Caller:  I hope it happens this weekend!  Pam, have a special birthday!  I hope to live to be 103 at least, so I can get back at my children/grandchildren! Vegas, Vegas, Vegas!
Tony:  We don’t give out rates on the call, but they are on the boards.
Pam:  I do know my birthday;  my dad and I just found out!  Take your time.  We have gone over a lot of different scenarios on these calls, so you should be prepared for whatever happens and taking the next steps.  You have heard it change a thousand times, so be flexible.  You know this and you can do this.
Tony:  This will be a new way of life, so embrace it and pay it forward.  Everything is  projected for this month, and there are only 12 days left.  Last month, they put money on the cards for officials, at the new rate.  We know someone who exchanged last month at a rate of 800 dinar to the dollar, and he got the lower denominations.  On Tuesday they called him in and wanted the money back because something was about to happen and the bills would be worth a lot more!  Things are happening that you are not hearing about. Everyone is on edge and excited about the rest of this month.  Be ready;  know the Ten Things to do first. Be ready to move.  Look at the numbers – first, second and third mouse.  Remember what you have learned.  If we have to be here, we will be here and get this party started.  Enjoy the rest of your day!

SUNNY POST FROM TNT : TONY'S CLIFF NOTES, 18 SEPT

Highlights of Tony's conference call.  Updated as the call progresses.

Tony:  It is a SuperFantastic day going into a SuperFantastic weekend and an unbelievable Monday.  Told you Abadhi said people would get paid this month and everything retroactive to first of September.  Trying to pay salaries Sunday and Monday.
Article,  Minister of Finance announced:  Six ministers salary will be paid before the EID holiday.  On Sunday 9/20/2015 salaries paid for Ministers of Planning, Education, Transportation, etc.  
Tony:  Next Sunday they will pay the Kurdistan region.
Tony:  . . . can tell you every bank has it, statements on their screens which got from several banks . . . virtually same statement on screens telling people this is going to happen and what.   Down to that level.

CURRENT WINDOW:   Tony:   Somebody is about to get paid.  Figure out who that somebody is. . . You'll hear everything is done and completed before 23rd, if not working through 23-27, and should be big announcement on 29th.  Entire thing to be completed by the 30th, one way or another.

IRAQ:    Not paid yet.  Expect to see the new rate when they get paid.   Abadhi has not made the announcement yet.  Tony:  It could come at anytime.  If it's not done Sunday, pay people like they sair, and pay them at old rate, Monday morning, 4 million people in the streets.
  • CBI     
  • Banks 
  • TV              Mosques 
  • Demonstrations:  Thousands in the streets.
INTERNATIONAL:    
  • IMF    
  • Rates   on the board but not give out rates on the calll.
UNITED STATES:     Tony:  Everybody is going to be Basil III compliant.   The US economy is not going to collapse!
  • UST:    
  • Banks:    
  • Packages: 
  • Taxes:  Tony: Heard from super smart guy, to hold 50% back and then when it comes out you'll have more than enough to take care of the tax situation.  Tony has heard a rate, but it's not published and unconfirmed so he will not say what it is.   
  • NDA:  Tony has heard nothing new.
EXCHANGING:    For some whom have already exchanged they negotiated a rate and Tony says contract rates still available, BUT negotiable if you meet the banks criteria.  Tony stressed once again, to remember the wealth managers work for the bank, they work on commission.  Tony: (in regards to minimum needed for higher rate)  . . . don't  know what min is, understand , you'd probably get rate and go to Wealth Manager and they would up it.  . . .but understand last couple weeks . . .the exchange people may offer you the higher rates. 

CLOSING STATEMENTS:

PAM:  Again, take your time.  We have gone over a lot of different scenarios’ in the last 2 years.  Your prepared for anything that happens and taking the next step.  Passed on what we’ve heard.  You’ve heard it change a million times.  Be ready and trust your self.  You know this and can do this.
RAY:
TONY:  It’s a SuperFantastic day, weekend.  Only 12 days left in ths month.  Every thing projected for the end of this month.  Abadhi said by end of this month.
We had a guy in Iraq who exchanged last Fri and he exchanged at 800:1 rate and he received lower denoms.  On Tuesday they called him back and wanted his money back.   Said it would be worth more. Did not understand the whole thing except somebody expected something to happen and they had to account for it.
Stay ready so you don’t have to be ready.   Have your plan. Know the first 10 things you’ll have to do.  Look at the numbers, 1st, 2nd, 3rd mouse.
We’ll be here and get this party started.

TNT :Exchanging Your Currencies...Will it be into the current Fiat value (1 IQD = ~4 USD) or Asset backed (1 IQD = 1 USD), 18 SEPT

    • bclarkutah said
      06:33 PM Sep 17, 2015
    There has been very lively and often intense discussion in recent nights on a certain call relating to the possibility of the RV occurring with exchanges being made into the new asset backed USD rather than the current fiat USD. Should that happen the exchange numbers will be different. That is to say that rather than getting a exchange of $3.91 per 1 IQD the rate would be 1 to 1. The consensus is that the actual "value" of the exchange will be more or less the same. This would be due to the fact that an asset backed (say by gold) has more buying power than the fiat USD. That is a $10 asset backed bill could be equivalent to $40 or more of our current dollars.
    The exchange values are the same but the numbers are different. With the potential of inflation and economic instability in the future as the world adjusts it may also be incumbent to invest wisely in hard assets and other currencies that are already asset backed.
    As I said it is an interesting conversation. Please add your thoughts to the conversation and feel free to correct my interpretation.

    Bill C  
    • nautilus said
      07:30 PM Sep 17, 2015
    Glad u brought it up cause I have been thinking the same way but without the numbers you can PM me...
    • sbg said
      08:15 PM Sep 17, 2015
    So we would give up our asset backed currency $10.00 for $10.00 of gas while everyone else gets the same gas with their $10.00 fiat currency? NOT! NOT!
    • Dmusic said
      08:37 PM Sep 17, 2015
    Goes against everything this GCR is supposed to do. If they are asset backed their Dinar will still be $3.91 and we hold their currency.
    Ergo we get $3.91 per converted into USD. Also that would take a lot of doing with previous exchanges being changed and a lot of $$$ going back to the banks. Don't think so. Where is the logic? Im Just saying.
    • bclarkutah said
      11:36 PM Sep 17, 2015
    Dmusic wrote:
    Goes against everything this GCR is supposed to do. If they are asset backed their Dinar will still be $3.91 and we hold their currency.
    Ergo we get $3.91 per converted into USD. Also that would take a lot of doing with previous exchanges being changed and a lot of $$$ going back to the banks. Don't think so. Where is the logic? Im Just saying.


    The asset backing in Iraq is true but you are believing the dinar in Iraq will be worth $3.91 for the Iraqi public. That is not the case in Iraq when exchanging. My assumption is that the US currency denominations are already being replaced by the "new" bills and these bills will be used in international trade. They will be recognized as asset backed and be traded accordingly. In the case of Iraq, one to one. However, The point that was made was how to strategically hold your wealth in a variety of hard assets and accounts that will retain your wealth should there be a significant loss of value of the current fiat based USD. 
    The long and short of remains that the Iraqi Dinar will be paired against many currencies. The Iraqi Dinar will always be 1 IQD = 1 IQD in Iraq but the value of the IQD vs another currency will be based upon the international value of the asset backed IQD vs the perceived "value" of the second currency. What is important to remember is the "buying power" of the other currency. An example would be that a loaf of bread purchased using today fiat USD may cost you $4. However, you may spend only $1 with an asset backed USD. So, assuming you have a 25k IQD note and exchange it for 25k USD in asset backed currency the equivalent exchange in fiat money would be 100k IQD to have the same "purchasing power".
    All of this is speculation of course but I was bantered about by some pretty smart people the other might.
    Bill C

    • menschie2 said
      01:24 AM Sep 18, 2015
    My thoughts are that our exchange will be asset backed. When we withdrawal from the bank ( ex. debit card and check etc ) will be asset back. My other other thought is if you withdraw cash it my end up as fiat. Unless when we exchange our cash from fiat to TRN's @ 1:1. If and when the US says we are asset backed. So I don't plan on have a lot of cash on hand. JMOP!


    -- Edited by menschie2 on Friday 18th of September 2015 01:28:05 AM
    • Tndr said
      04:54 AM Sep 18, 2015
    Dinar to USD, asset backed or not, once converted will be what it will be in buying power. You are only in control of how you exchange it and what you exchange it into and how you protect it. If you exchange it into USD it is my opinion that FRN will be backed by TRN, therefore asset backed. If not, there will not be a difference in buying power when you go to the store, etc., in my opinion. That is inflation and a different topic that cannot be applied to a choice to exchange your dinar unless you do not plan on using those funds to live on. But, if we find out the exchange is 100% asset backed then there is a bonus in place. I'm hopeful that is the case. Asset backed is many forms....so make good decisions post exchange.
    • BigB said
      07:24 AM Sep 18, 2015
    In 5+ years of following the elusive RV, I have heard many theories from all the gurus on so many sites. (Trust me, for most of that time, I was a full time dinarian! Often spending 10-15 hours daily on more sites/chat rooms than I can now count.) The only constant that still remains is that we really will not know what we need to know until it finally happens!

    Many years ago, we were told that we should only exchange enough dinar to pay our debts and keep a surplus to live on for about 2 years. Maybe that theory has change with the "potential" GCR happening simultaneously with the RV. Maybe not! We just don't know - yet!

    The bad thing is that we have all spent/wasted a lot of time that can never be reclaimed. The good thing is that we have learned much about a lot of things, (some totally unrelated to dinar), that have happened in the past, is currently happening, or is about to happen in the future concerning politics, economics, history and science of the world. I think we could safely say most of us have theorized every possible outcome of this RV. We just don't know the specifics - yet!

    Pam has repeated many times that we all know more than we think we do. I believe she is correct!

    It is only when this thing finally happens that we will have enough knowledge to apply the information that we have gained in order to make the life changing decisions that will be required of us. Only then! Until then, it is all speculation (and frustration).

    And we wait....




    PS: It is only because of everyone's dedication, input, and discussion that we have been able to have gained this needed knowledge. That will be the true dinarian's edge over the run of the mill investor.

MNT. GOAT UPDATE, 18 SEPT

Hello Everyone. Today I come to you once again to see what sense we can all make out of this RV saga of the Iraqi dinar.

It is the end of the week and so where does Iraq now stand on the needed reforms for a currency reform decision? Will they decide soon that it is time to give Iraq back their true international currency?
Remember – that many say that Iraq is a sovereign country since they are now out of UN Chapter 7 sanctions (since June 2013) however  technically this is entirely NOT TRUE until they get their currency reinstated.
Was this supposed to happen shortly after or just before June 2013?
Yes – The CBI had plans beginning in early 2012 and began the final preparations. However many politicians (the good guys) stopped the process. This was because of the major concerns that Iraq could use their wealth to buy weapons and explosives to support terrorism and evidence was found that the current Prime Minister Maliki was heading this effort for Iran and Syria. Maliki’s administration also did not support many of the much needed reforms and Erbil agreements as agreed he would.
I have been telling you this story now for many months that they need political and economic stability along with physical security in order to get their currency reinstated. Have they achieved these goals?
So in April 2014 they began to vote on a new candidate who by September 8th was finally announced to work towards achieving these goals. This new prime minister was Haider al-Abadi. There were many promises made to reform the country so he can have control over forming this new government. But this new government was not going to be a status quo Maliki government. To ensure this would not be the case, Abadi had to give a progress report to the PTB and the political parties involved. He had to show success or risk the fate of losing his position as prime minister. They were not about to let another Maliki like PM continue unchecked.
Abadi could not hardly believe the extent of the corruption left behind and all the missing funds. The amount of missing funds amounted to over 1 trillion dollars by his first six months. Much of this money was found but could not legally be recovered (at least not yet). So progress was slow at first as Abadi got his feet wet over his first year in office. The bad guys began to stand out and they became obvious and clear as to just who was blocking the reforms and any real progress.
This progress reports continued each quarter. When they hit mid year of 2015 it was apparent that  a new strategy and a plan had to be made to “aggressively” push this reform process along since there was still too much political resistance to change on these needed reforms.
Part of this plan was to get the religious leaders involved and to rally the citizens to get them directly involved in this effort. They were to put pressure on parliament to get off their *ss and get these reforms completed.
So in this June 2015 time period the PTB called another Paris Conference. Part of the dialogue was to come up this new plan, with this strategy in mind. They asked how they could “pick the low hanging fruit” (prioritize the reforms that would given them the most benefit and can be accomplished in the shortest period of time). They recently referred to these items as the  “hasty” reforms.
Abadi and his cabinet (council of ministers) then went to work, formulated the list of priorities and then presented the plan to the PTB in this June meeting. They were granted 3 months to accomplish their plan.
The plan also included sequencing the implementation of the laws so the reforms could work. This was the tricky part and entire plan could fail if not done correctly.
From this last Paris Conference I learned that if Iraq can complete these agreed to items they would be in a great position to get their international currency reinstated and the process completed for currency reform. This is why I kept telliing everyone all this hype about any day/ every day RV was nothing more that hype and so ignore it. I had sources telling me what was really goiing on. We know the process now – distribute the lower denominations, launch the 50k notes in circulation, continue the project to delete the zeros to coincide with a significant increase in the value of their currency.
So in today’s news letter I am going to tell you just where they stand on these low hanging fruits (or the so called “hasty” reforms).

Today’s News

Today is Friday September 18th and still no RV.  Many so called intel “gurus” are now telling you there are two windows of opportunity that the PTB are aiming at for the currency reform mid September and the end of September.
I also believe these two alternative timeframes have been set for an RV. I have been telling you now for 3 months that come mid September we could possibly see some action in this area. If you read my explanation above in today’s news letter you have a brief history of what has taken place to get where we are today. So I guess Mnt Goat was correct again…lol….
So today I am going to tell you the news resulting from the latest conference held over this past week.
Mid September is here and Iraq has not yet completed all the promises from the mid June conference. They have decided to extend the effort for another 2 weeks to the end of September. So do not expect any RV at least until this timeframe.
So they will now move to a new target end of September ending as their next date. Iraq is very close to accomplishing the needed tasks and I will address this further below. They have less than 2 weeks to pass a couple needed laws but these are the most controversial ones. All the laws are critical to Iraqi success. All the laws have had their 2 readings in parliament. All the remaining laws are essentially done but need revisions.
We now see the USA and UN aggressively making decisions to take more control since they did miss the mid September deadline. There are rumors if these last pieces of legislation are not completed by end September they may force it upon them and decide the best means for them.
Remember the bottom line is that technically they can legally take back this control over the process and Iraqi affairs since Iraq is still under Chapter 7 sanctions resulting from Article 4 of the UN charter. There are political ramifications of the USA taking these actions and so they would rather not do it. But if they must it will not be so obvious and in the open. So they must pretend it is through the coalition and use other countries too for this purpose. It is a chess game once again. But the good news they are acting now and now is finally the time.

Update: Needed Reforms
A month ago we witnessed the PARTIES LAW and it passed in parliament. Just yesterday we heard also that the president Masuom ratified the law and so it all the way through. Remember political members have 60 days to comply and then they will be targeted as noncompliant and suffer the penalties.
Just this week alone we witnessed other much needed legislation including the passage of the ANTI-MONEY LAUNDERING AND FINANCING TERRORIST LAW. I can not tell you enough the importance of this law in relationship to the currency reform. We should all be popping open bottles of champagne and celebrating. There is a copy of the law available to the public. If you read its contents it is very similar to a standardized anti-money laundering/terrorism blue print most UN countries are now using. This too is terrific news. The law is all encompassing.
The INVESTMENT LAW was announced that it would be postponed until September 29th(after Eid holiday) because of some unclear language in the bill. I firmly believe we will hear shortly that they will address this bill sooner than later and get it to parliament for a final vote way before this timeframe of end of Sept.
The passage and implementation of the AMNESTY BILL is also one of the mandatory legislations that is needed prior to seeing any RV. This bill has many sections that still need revisions since it had to wait until the anti-terrorism law was in place. It will also need to coincide with the National Guard law.  I am hearing the bill is now ready and just waiting for the correct timing.
The JUDICIAL REFORMS LAW too is needed prior to any RV. I have also been emphasizing this concept to everyone for months and months now too. This along with the National Guard, the Amnesty bills are key reconciliation reforms. So just this week they announced we will probably see this law enacted prior to the Eid holiday.
Based the current situation of extreme pressure to get these bills completed and implemented, I firmly do not believe that the government is going to shut down this year for Eid holiday unless this legislation is completed. There is just too much pressure from the UN and the USA (opps…. I mean coalition….lol….).

Why is the extreme pressure?
The pressure is coming from many sources. One is pressure from the international community because they need the revaluation of the Iraq currency  since the IQD is seeded already in many countries as reserve currency. Another is within the country of Iraq itself. As I mentioned before the religious leaders were asked to assist in getting the citizens to demonstrate to put pressure on parliament. Pressure is also coming directly from the recent efforts from Abadi on many of the politicians to expose corruption and the threat to eliminate their positions if they are not productive. They are witnessed this when Abad combined ministries and dismissed many of the ministers. Also the three vice presidential positions along with many unnecessary deputies and vice deputies. Oh did I mention the dismissal of thousands of unnecessary body guards dealing with security. So they know the threat is real and not just talk.
Article Begins:

URGENT PARLIAMENT VOTES TO APPROVE THE ANTI-MONEY LAUNDERING AND THE FINACING OF TERRORISM LAW
9/16/2015
The voice of the House of Representatives at its session today to approve the draft anti-money laundering and the financing of law Alarhab.anthy
Article Ends
Central Bank: Adoption of the money laundering law will provide a legal framework for the banking sector
Long-Presse / Baghdad
The Central Bank, said on Wednesday that the House vote on the money laundering law will provide a legal framework for the banking sector.
The bank said in a statement received (range Press) copy of it, that “the central bank appreciates the House vote on the anti-money laundering and smuggling of funds law,” noting that “the law provides a legal and regulatory framework ahead and in line with international standards and requirements.”
He noted the bank, that “the law would provide legal frameworks for the banking sector.”
The Iraqi Council of Representatives held on Wednesday, (2015,9,16) 23 of its first legislative term of the second legislative year, headed by first deputy chairman of the House of Representatives Hamoudi and the presence of 195 deputies, while the agenda of the meeting included a vote on the draft Anti-Money Laundering Act and the financing of terrorism.
Article Ends
Iraq has told us and I quote- “The National Guard Law is one of the most important paragraphs of the document of political reform”.
We heard some great news about the National Guard law this week. It was not the news we wanted to hear but at least now we understand and confirmed fully their perspective on this law and its importance to Iraq  and to us investors (no National Guard law thus no RV). We know the USA strongly suggested conscription  to fill the ranks of a mandatory armed Iraqi forces.
CONSCRIPTION defined: Compulsory enrollment and induction into the military service.
Conscription is commonly known as the draft, but the concepts are not exactly the same. Conscription is the compulsory induction of individuals into the Armed Services.
DRAFT defined: whereas the DRAFT is the procedure by which individuals are chosen for conscription. Men within a certain age group must register with the Selective Service for possible conscription.
I fully expect them to reconcile any differences in this law in the coming days and we will see this law passed very soon. We can already see that the USA is taking more control since the agreed to time period was not accomplished. So Iraq has to either move forward or they will force a decision to move forward. I do not see any obstacles.
So I have to tell you these next 2 weeks are going to be really exciting for us. Iraq knows that the major holiday is just around the corner. They are nearly complete on all the necessary short term goals of the “hasty” reforms. My opinion is if the coalition forces can gain a sense of stability and control in the Anbar and Mosul regions (physical security) we could very well see the continuation of the currency reforms begin again at the end of September (if not prior) thus move into the revaluation we have been waiting for.

Update; National Cards
In many of my news letters I talked about the importance of the National cards and told you they were going to combine all their cards (Q-cards and Ration cards) in to one “National” card. Iraq has been talking about this it seems forever. But now they have finally completed it. It is almost hard to believe they actually did it. Another piece of amazing news this week. Heck it looks like another bottle of champagne to me….lol….
I also talked about the importance of these National cards to the refugees crossing over into other countries and the agreements made with those countries to accept them as long as they did not have to take on the extra burden of paying out social programs for them. Instead they can continue to receive their Iraqi oil royalties anywhere in the world. The intent is once Iraq goes international, payments on these cards can be accomplished easily from any ATM machine and will allow these refugees to survive.
The cards also establish a national identity and are very hard to counterfeit. So this too was on the list of needed  reforms in establishing physical security in Iraq, since if challenged by police, the card will detect terrorists or unwanted foreigners.
In the anti- terrorist law, just also passed this week, (see above- is this coincidental they both came to us at the same time?), they established a procedure for handling these unwanted people in Iraq – No identity card means automatic arrest and confinement until they can determine who they are, then possible deportation. Does this also sound like they want to weed out the Iranian militias too. Do they have plan in the future to strictly, randomly check anyone on the streets? How else can they do this without these cards? These cards also can be used for banking since the banks must now fully identify anyone they do business with such as borrowing money or depositing funds. Does this also sound like the procedure now in the USA and Europe?
We know they began distributing these cards a month ago even though they just now passed the bill and claim they will begin distributing the cards on Sunday 9/20.
Citizens must register to get these cards and provide proof of identity and citizenship. This means this also helps establish an updated census to allocate the oil revenue funds to the provinces. We know these cards were part of the stalling of these payments. We know that HYDROGEN CARBON LAW (HCL) payments  too is mandatory for any RV. They are inches away from accomplishing this requirement now.
Many times you readers may see these articles and brush them off as not so important. You may even say to yourself “who cares”. This is why I bring my news letter to you since Iraq is making great progress. I do not care if maybe the news is a couple days late in getting to us. Nonetheless we are getting the news and we now know the target timeline they are moving on.
By the way anyone trying to compare Kuwait’s situation and how they too implemented a National card program in close proximity to their revaluation in the mid 1990’s has got to be nuts in the head and I mean crazy nutso!
Please take off your RV hat. Kuwait;s situation was entirely different than Iraq. The comparison is so different it is like comparing fresh apples to a rotten sardine…….lol……
As you can see I really, really dislike it when people make these dumb assumptions and make their nonsense public. They do not have any material proof to back up their claims either. So relax. These same people  instead should take the time to look at the last 90 days and see all the hard work Abadi, his cabinet, Jubouri and others have done for Iraq. But instead they always want a simple solutions and just a quick date and a rate.

Do these last 3 months have any significance in the matter? Shouldn’t you be excited about the progression of these reforms instead? Oh – but wait you have already been told by some intel “guru” (I will not mention any names) who have been telling you all along all the laws are completed and don’t matter that much anyhow.
Here is the news article from Iraq to prove it. No hype, no rumors, just facts.
Article Begins
Interior Minister directed the adoption of the single card is an Official Document
Twilight News
09/16/15 | 12:05:32
Twilight News/Minister of Interior Mohamed Salem al-Ghabban weekly meeting of the higher Committee for the standard card, the Director General citizenship and a number of concerned and sponsors.
The meeting discussed the achievements of previous decisions of the meeting and work processes in terms of the bridge, which began distributing the card to citizens on Sunday.
According to a statement of the Interior responded to Twilight News, the minister instructed  outstanding workers in the single card.
He stressed the withdrawal of previous documents from all citizens who received the standard ID, and adopted as an official document in all the joints and the institutions of the Ministry of the Interior.
(Iraq ID card will be replaced with a new card(Single card))
Article Ends
Till next time…. Auf Wiedersehen!
Peace and Luv To Ya All.