12-11-2012: Iraqi Dinar Guru guesses!!!!
12-11-2012 Intel Guru BWM We know that our economy AND many other countries’ economies are at a “cliff” and need something to boost the economies to a point that some semblance of recovery can begin. We also know that in appearance, the revaluation of the dinar could solve most of our personal and the world problems if it was done now. What we need to realize is while yes, this would solve many of our problems and this appears to be the new “blueprint” for world global economic resolutions, an event on this scale needs to be done correctly.
12-11-2012 Intel Guru BWM So, in retrospect, what do we really know? We know things in Iraq are difficult (or appear to be) with the government. We know that articles coming out of Iraq are flush with conflicting points. We know that many strides in development have been made openly toward the rebuilding of Iraq’s infrastructure and global reassurance (chosen the top emerging economy). We know that while the IMF has the final say in a country’s currency revaluation that the U.S. holds a substantial amount in the say of such an endeavor.
12-11-2012 Newshound Guru SWFloridaGuy I’ve spoken to a someone on the support staff of Olivier Blanchard (IMF) research dep about this and he agrees. He also agrees that Iraq is currently in the process of trying to move forward with a major currency reform project. Not sure is that means just deleting the zeros, RV etc. but that’s what real intel sounds like. I spoke to him about this almost 8 months ago and it’s still the most encouraging thing I’ve ever heard. He also mentioned that it is imperative to moving forward to have a stable government that will give the international community faith in Iraq as a reliable store of value. UNSC and SIGR report also said that investment will remain hampered until security and the political crisis has been resolved. They are close though and the Chapter VII progress shows they are on the right path to recovery.
12-11-2012 Newshound Guru SWFloridaGuy A currency’s value is determined solely by supply and demand. They must ensure the success of the project and they have to have power sharing government to do that to prevent abuse and the eventually collapse of the economy. If you were in charge of the largest transfer of wealth in history and something that could jump start the entire global economy would you implement this project before or after the necessary step had been taken to facilitate a smooth transition, a Central Bank that was fully functionally and not operating under complete corruption that could jeopardize such an important enterprise?
12-11-2012 Newshound Guru SWFloridaGuy Basically, I recognize the challenges they face and don’t like to simplify it but I also believe that if this was ever going to be possible, Iraq is the only country who can pull it off and not alone, which is why the international support they have been receiving gives me hope there is far more to the story than meets the eye. I think it will happen, I think it will happen in a way none of us expected it to…they have unlimited potential. It’s absurd for them to remain with a worthless currency. The question has never been whether one day it will recover somewhere on par with the USD or higher. The question is, by what means will they achieve this, what the rules will be and the timing.
12-11-2012 Newshound Guru SWFloridaGuy I…know that there are many possibilities where we could profit from this long term and that Iraq will one day boast a more valuable currency. By which means they accomplish this and the timing are complete unknowns. I’ve studied macroeconomics and the problem is sustaining long term growth. There are a number of ways they could accomplish this though and eventually they will have one of the strongest currencies in the M.E. My doubts lie with this being in the immediate future. However, the hardest thing about the road not taken is that you never know where it might have led. I’m certainly grateful to be involved. I believe this will have a happy ending and prove very profitable but when it comes to the mechanisms by which they will achieve this is what perplexes me.
12-10-2012 Intel Guru BWM Remember, banks do currency exchanges as a COURTESY. They are not required to tender you an exchange. So, unless it appears on the BANKING FOREX then they wouldn’t even discuss it with you. Until the banks are released (from the UST) to ALLOW you to cash in we can see the rates posted on billboards on the interstate and it doesn’t matter.
12-10-2012 Intel/Newshound Guru Poppy3 I have been on the phone for much of two days now and have not recieved one thing that hasn’t already been shared, most are still thinking between now and the 24th of dec. And some thinking the first week of 2013 but these are just them making guesses according to details they have that point to those dates being the best opertunity for the rv . I agree with them much of the dates stated with events taking place in that time period does make them sound good. Like the ban ki moon international announcement of some kind to be announced around the 17th of this month?
12-10-2012 Intel/Newshound Guru Poppy3 there is another group of investors that have been told this will happen prior to the 17th around the 15 and that the dong and dinar will go together but apply caution with this information because as i have already said i can’t confirm any of this but i trust the peeps that recieved the information?… problem is i don’t know their sources.
12-10-2012 Intel Guru BWM FOREX is complicated in that, unlike the stock market, the offices internationally are not on one complete system but they update together almost instantaneously. Netdania is not an official FOREX site. Retail FOREX doesn’t mean diddly to you and I. My point isn’t that the numbers are COMPLETELY useless. It’s just that I don’t think (per FOREX contact) that they will give us the indicators we need as quickly as we hope. They are like any other indicator, a sign, just not THE sign and I don’t get excited when the numbers pop up or change there. I want it at the bank where it matters most to me.
12-10-2012 Intel Guru BWM I know that many were counting on seeing this on Forex open today [Sunday] but after discussing with a contact this morning there are a couple of things you need to understand. First, Forex has two sides, a retail side (tradeable) and the banking side which is what “communicates with the institutions on the rates and such… this contact believes that it will be a short time before the rate shows on the “retail” side as the rate settles in. So just hang on and know you will receive communication WHEN this occurs.
12-10-2012 Intel Guru Blaino Rv or float…which solves the problems the best? rv: tens of thousands of people all trying to get into banks, currency exchanges at the same time…clawing, fighting, threatening. float: some will exchange at 5 cents, some at 25 CENTS…More at 50, ETC. SO, As the bidding, selling, etc. runs the price UP And DOWN, Fluctuating it’s way to a future value mebby around $4+…those that deem the value sufficient at a given moment will exchange and those that do not will wait or do some, then later MORE. And this will serve as a buffer to the economy of IRAQ Allowing time to adjust. the good news is that many people that never heard of the iqd will come into those markets to BUY Creating upward pressure. if they cut it loose, we could easilly see a dollar before the 1st of january!
12-10-2012 Newshound Guru Med I SEE THAT THIS ISSUE OF THE 67 BILLION IS BECOMING A MAJOR ISSUE, MOST BELIEVE THAT IT IS WHAT MALIKI IS AFTER BUT HOW STUPID COULD HE BE. WHAT THEY DID WITH SHABIBI HAS HURT THE REPUTATION OF CBI VERY BADLY. 7 YRS OF HARD WORK BY SHABIBI AND IT TOOK ONE MONTH TO UNDO IT. HE DID AN HONEST JOB. IT WAS OBVIOUS WHAT THIS WAS ALL ABOUT, IF YOU ARE CORRUPT AND YOU HAVE SOMEONE WHO DOESNT WANT TO BE PART OF IT YOU FRAME HIM AND AS MUCH AS I HATE THE CONSPIRACY STUFF THIS WAS, A MAJOR CONSPIRACY. [Glad UN/WB is there to protect the assets] I AM TOO…I KNOW WE HAVE THOUSANDS WHO ARE COUNTING ON THIS IN THE FUTURE.