IKNOWHEIS POST - One Dinar

Dinar Friends and Colleagues

Several things have caught my attention in the Dinar posts I have been reading over the last week or ten days.

1.Lots of geo-political posturing and deal-making is being hinted at - some with more, some with less feel of validity.
2.A banker has claimed that the only excitement is in the chat rooms - and all the calls to the banks are coming from "chat room people".
3.It seems clear that the few bank people who are talking definitely know about the Iraqi Dinar and its likelihood of RVing.
4.At the internal local bank level, currently all is quiet; few have even hinted at a date or a rate, and many just play dumb.
5.One banker has been quoted as saying that a dinar investment should be viewed as risky, but probable.
6.The various "rates" put forward on the chat lines seem to coalescing in the $3+ range.
7.Most, if not all, local banks do the majority of their currency exchanges through a handful of "Vendor banks".
8.When a major change happens in a rate of exchange the currency "vendors" will (supposedly) know at least a week in advance.
9.One reportedly "senior" banker reports that all is quiet at the Vendor level.
10.Since all is quiet at the vendor level, the RV is at least a week away
My comments on these ten observations are:
•The RV/RI of the Iraqi Dinar will happen.
•It appears to be close.
•Whatever the rate, the benefit will be huge for us and we should already be grateful regardless of the rate.
•The RV/RI is and will be much more a political event than a financial event. On both levels the impact will be huge. One of the effects will may be to hasten the demise of the US dollar. This RV/RI will probably be seen later to have changed the course of history.
•During the lead-up to the actual RV/RI the Vendor banks themselves will be quiet for most of their week grace period.
•Although some of the information on the chat lines is undoubtedly valid, some (if not a lot) of it on the chat lines is probably "disinformation" planted to identify sources of leaked information.
•Whatever appears on the chat lines will have NO influence on the actual process, or the timing of the event.
As I think about this, an interesting thought is occurring to me. Lots of us are aware that the real power in the world is with the bankers, not the politicians. I am wondering if what has really been going on in these last months is a multi-level power struggle. The basic struggle is a desperate battle among politicians to wrest some control away from the bankers, and a desperate determination among the bankers to not give it up, all playing out at multiple levels within nations, among nations, and among institutions like the US Fed, the major international banks, the UN, the IMF, the WB the Paris Club, the GCC etc. This desperate struggle is fueled by the politics and commerce of oil and natural gas in an atmosphere of foreseeable increasing demand foreseeable decreasing supply and a world that is awash in US dollars which are less and less valuable as a world reserve currency or the fossil fuel currency.

If that's the case, the RV/RI will be held up until the most powerful people in the matter of the RV/RI of the Iraqi Dinar are satisfied they've got their best deal. Simply put, this struggle can only keep on going as long as the RV/RI is still pending. Once it has happened, this power struggle is over, and a new one will begin. The real question is, who are the MOST powerful people in relation to the RV/RI of the Iraqi Dinar. And the answer is probably, "nobody really knows, not even the most powerful people since they all have a lot of power and they are all posturing as if they are the most powerful." And in the hearts and minds of all these people are the human limitations of their capacity to process an overload of information and the eternal battle between their own perceptions of good and evil. At some point a key person will say, "let's do it!" and the others will follow, and the RV/RI will happen at all levels within days.

So what can we do? Breath deeply ... but don't hold it! ! ! ... and be patient. Pray for the wisdom of world leaders - all of them, not just the ones you agree with. And more especially, Pray that they will be still and quiet for long enough each day to themselves hear the Wisdom of God.....

May we all be patient and soon blessed with riches that are no longer beyond our imagination, and may we all be still and quiet for long enough each day to ourselves hear the Wisdom of God.

FRANK POST

This is an example of what I posted today...........Chronology is important .........Or You can get lost with my post.

Here goes...............Yes M signed the papers for the RI..............Our intel saw it happen. Then this whole week meetings at the UN to set rate. M now has it complete...............His turn to announce it and tell the CBI what the IMF ...............Finalized.

T will tell our banks on ............Opps............never mind...........

KTF,
Frank

FRANK POST

The largest dinar dealer in PR ……….Mendez …………has rented the 13th floor of La Torre De Orazon . He has 80 terminals online with nine De La Rue machines. None of this is all that new because we told you about this building and floor last summer. Remember I said he even had a small window like at McDonald’s where if you only had a $25,000 note……….then you can exchange it express style ……..going through the drive through. Before you ask me……….how can he have a drive through window on the 13th floor……….does walk by window sound better then? Of course there will be no cars up there……….LOL. Anyways…….here’s something rather interesting…………this large office will have three stacks of papers as you walk in. A pile of 104 forms……….forms to pay your PR taxes………..and forms for the local IRS. No doubt ……….a well prepared place. By the way……..he rented this floor back in September. If you think you have been frustrated with every delay……..so is he, having to pay three months of rent for nothing.

Many of you know our returning retired marine soldier who was working in Iraq as a contractor that goes by the username of R&D WALKER was telling me yesterday that he placed calls to the people he worked with this year. When he was there……..there was very little talk about the dinar. He says ……….it is a hot topic today.

I received a call again from a Wall Street source telling me that a Vancouver Clearing House was showing 247 with instructions to release on Monday. I did not agree with the “Monday”…………but I decided to call my contacts in BC so that they could visit this Clearing House for me. We went over our game plan on the phone and I gave him a scenario to present to this place. Instead of visiting……..he placed a call and was able to talk to two gentlemen. The first man was very informative. My contact explained to him that he had 50 million dinars and he understood that the Canadian Clearing House was showing 247 with instructions to start exchanging this Monday. The young man said……..yes we know about this. He looks it up in his system and reports to my contact that they are not ready to exchange yet but it was showing a rate of .000918. Due to the amount of 50 million dinars…….this young man transferred my contact to his boss. Once getting past the first wall of defense………the second wall is harder to breech. The second gentleman was not saying much and being very hesitant with his answers. All he knew was that they are not exchanging as of yet……….but he was very much aware that my contact had 50 million dinars. So when our contact says I want to leave you my name and phone number in case something happens…………it was eagerly written down. I told my contact that when it happens, take one million dinar to the Clearing House and see what their rate is. Tell them that you have a rate with Nova Scotia and that you want to see if they will beat that rate. If they do………then they will see your other 49 million. I have a feeling that my friend will get a call Tuesday. My sincere thanks to my good friend in Canada for helping us with this intel.

As I told you Family we have two banks that we have established a relationship with and when the RI happens you will know their rate and bank names. For this week I have been daily giving you a report on the work that our contacts are doing as they represent me with WF. This will make the third bank that we will add to our menu when we send the mass email a few days post RI. I told my contact not to call this gentleman the day after their home bank meeting. They had a meeting in San Francisco with their currency officer that came down from Portland. I knew that our WF representative would be in shock. I knew ……….that he would say very little the following day to us. Even yesterday he was a little cautious as we reported to you. But today……..48 hours later………he was in a very happy mood and talkative. He went as far as to tell us that WF is well aware that the FR will soon be giving them some new currency rates and they are just waiting for the release. Enough time has gone by where he has learned………what he can and cannot say. He has learned……..that he can tell us everything except that which he does not know……….the date and the rate. The infection of the dinar excitement was very clear in his voice……….he was happy. So our contact says to him………will your WF be one of the banks allowed to play? What do you mean to play? LOL……….well Frank26 has said that there will be four major banks that will be allowed to exchange the Iraqi dinar as they filter further instructions to other key banks. You could almost see him smiling on the phone as he said………you are correct……….only major city banks will really know what is going on. The rest will learn …………as time passes by. Our contact gets to the meat of the call and says…….do we still have a deal with you and KTFM? This is what he promised us……….due to the size of your organization……..when the rate comes in to our terminals we will call you and give you that rate. Then we will ask you to give us your best rate from other banks………and we will beat it. Plus ……….we will give you not only the rate that will be solely dedicated to your KTFM members but also a phone number where they can call in and we will log their appointment depending on their location. For example…….if somebody from Iowa calls us and says they are KTFM……….then we will give them the rate that we have reserved for your members (which should beat other banks) along with the address of the WF bank that the appointment was made for them to go and exchange. Of course………it will be as close as possible to where they live. We will help them in any way, shape, or form ……so that Wells Fargo can put their BEST FOOT FORWARD. (he kept saying that…….and I liked it). He called the KTFM deal a …………”Bargain Rate”……..only for us. I said……..Cool! No……..actually I said Praise God! And you should too Family. Now before my Admins get flooded with pm’s on how you can get on our email list……….you already are because you gave it to us when you registered your membership at KTFM.

Our shipping lane report today is actually from yesterday’s observations and article. The one I like the best was over 1800 cars ready to be unloaded. This can only be good along with the other ships that we are seeing.

TINK brought you a story about our local bank called……..Huntington Bank. I have said many times that it is important to establish a relationship with your bank officers. This morning this gentleman called us and said that his bank received a surprising email. He has been with this bank for over 4 years and this is the first time that he noticed this. The email was instructing the bank that from this point onward……..they were in the Foreign Exchange business. The reason they gave was to increase the product services on their menu for their customers. A second notable observation from this officer was that the group selected to help this bank with Foreign Exchange matters were ALL HIRED……..just last month and they were FX specialists. We went to visit him for an hour today………and worked on some strategies as backups for the exchange. Imagine yourself in front of three doors …….and they all take you to your final destination. It’s just that some of them get you there quicker with more profit……..than the other two doors. These scenarios that we established and deals with banks takes fortitude ………..takes a type of faith that requires ……….discipline. All year I have been trying to lay the ground work to teach you how to do this. Because IMO………it will allow your exchange to capitalize on success.

What a banking day it was for our team today! If you remember my 49er story……….there is nowhere else to look for intel. There is the frontier and in this case………..there is the end-tier. We see the lotto number 247 everywhere from Barclay to PR banks. One of the rare times in our 6 years……….where intel is literally in unison.

IRS HIRES "HUNDREDS" FOR NEW WEALTH UNIT

IF THIS DOESN'T TIP THE HAND OF OUR GOVERNMENT, THEN I DON'T KNOW WHAT DOES!!!

Hi everyone. Just a reminder that if the RV does occur on Sunday or Monday, anyone with a big gain from exchange of IQD will have a bullseye on their forehead. These new agents will be just aching to "make their bones" by catching high net worth individuals trying to avoid taxes. In light of the enormous gain that we all would realize if the RV does come in at $2.47, I recommend that we play it straight, get good advice from tax counel and pay all taxes that are due.  

Exclusive: IRS hires "hundreds" for new wealth unit

4:25pm EST
By Kim Dixon

WASHINGTON (Reuters) - A new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees.

The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the entire web of business entities controlled by a high wealth individual," IRS Commissioner Doug Shulman told a tax conference this week.

Another IRS official told Reuters "hundreds" of people have already been hired to staff the new unit, including some from within the agency.

"We have drawn top talent within the IRS that have expertise involving wealthy individuals as well as examination of their related entities," said Mae Lew, an IRS special counsel.

The high-wealth unit is focusing on trusts, real estate investments, privately held companies and other business entities controlled by rich individuals.

While use of sophisticated legal structures can be legal, in other instances they "mask aggressive tax strategies," Shulman said.

Tax authorities in Japan, Germany and the UK have also created similar units.

The U.S. House of Representatives on Thursday approved a $387 million boost for the IRS for the fiscal year that started October 1, in part to fund the high-wealth unit. The Senate is expected to vote on the measure on Sunday.

NEW GLOBAL FOCUS, JOINT CORPORATE AUDITS

The IRS is also opening new criminal offices in Beijing, Panama City and Sydney to focus on funds flowing out of Europe and into Asia, in part because of a heightened focus on international enforcement in Europe.

The goal is to get those up and running during this fiscal year, which ends September 30, according to Barry Shott, IRS deputy commissioner for international issues for large and midsized business.

At the center of the agency's offshore effort is its legal cases against Swiss banking giant UBS AG. UBS agreed to turn over nearly 5,000 names of individual American clients and paid $780 million to settle a criminal case for aiding tax evasion.

The IRS has also begun initial steps to join forces with other governments to scrutinize corporate tax filings to prevent "tax arbitrage" by companies seeking the best regime.

President Barack Obama has proposed tightening tax rules for U.S. multinationals, including one in which companies delay paying taxes on income earned offshore, a legal practice known as deferral that officials say is abused.

Some tax practitioners expressed worry about such coordination.

"With any new thing, you never want to be the guinea pig," Mary Lou Fahey, general counsel for the Tax Executive Institute, comprised of business executives, said.

Shott said a likely scenario will likely be two countries getting together and decide to examine a narrow issue. In the beginning it will operate like a pilot program where the corporation examined would agree to take part.

"With rare exception ... the taxpayer will absolutely know they are subject to a simultaneous examination," Shott said.

Still, he said there could be cases where the audit needs to be kept quiet, such as when a criminal probe is ongoing.

Initial partners would likely include Canada, the UK and Australia, Shott said.


http://www.reuters.com/article/idUSTRE5BA45320091211

SFMEDIC CHAT

SFMEDIC says to (19:05:46):
I AM ONLY SAYING THIS ONCE. THERE RIGHT NOW IS ABSOLUTELY NOTHING TO LOOK FOR. WHAT IS DONE OR SUPPOSEDLY DONE WILL PROVE ITSELF IN THE NEXT FEW DAYS. UNTIL THEN GO AND ENJOY YOURSELVES.
SFMEDIC says to (19:06:25):
I AM GOING TO SPEND TIME WITH MY LOVELY WIFE NOW.
SFMEDIC says to (19:06:32):
YOU ALL TAKE CARE.

RUMOR FROM DINARVETS II FORUM

Ok, Here is some new great news.  I would put this in the news section, but since I will not give any names/ telephone numbers I guess it will have to be under the Rumors section.  I was talking today with a Business partner at work. The topic of Iraq and the Dinar came up. I asked him if he had any new news and this is what he informed me.  His Son has close to 40 million Dinars, he is excited like the rest of us and he decided to make a call. Since His Father ( my business partner) and myself are in the Telephone Business, we have numbers for people/ businesses that are hard to get.  His son called up to get a number for the United Nations here in NY City. He got the number and called it. He got a hold of a lady and asked her to talk to a liaison between Usa and Iraq. He eventually got a hold of a person who he talked with for a minute, that person asked to call him back.

Later on yesterday, he did indeed get a phone call back from the same person. He asked the person about when Iraq was going to meet and discuss the Dinar, the rate and the timeline.  He was told that the all the meetings had taken place already, and that the rate was already decided. In fact, he was told " the Dinar has already RV'd, we are just waiting for it to be announced..."  I do not have names, and I would not give them anyway based on the attitude of people on here.

This is all I know, all I can say is that I was there in the office when my Business Partner got the call from his son asking for the number. And, I was there when he got the call from his son after his son talked to whomever it was that he talked to.  Again I repeat, I would put this in the new's section, but since I will not give any names/ telephone number's I guess it will have to be under the Rumors section.

Have a great weekend and hopefully we will be in a better attitude soon...

DINAR DADDY'S THOUGHTS

I'm hearing whispers of MANY BANKS in US and Canada showing rates on their screens today... showing from $2.41 to $2.47. Things are getting very interesting! We wait... :)

SFMEDIC CHAT

sfmedic: Now i gave my word i cannot give out the info i have on the rv and the time frame to protect the person or agency that supplied it. I am not breaking it ever, but i can give you one bit of info that may help ease your minds. Tonight one of my members on dv (Dinar Vets) His brother-in-law who is in iraq was called along with other us military to provide security for iraqi banks this weekend. Yes i know they are not open. But if/when it were to rv those banks would be an immediate target by terrorists? So better to be safe than sorry. Do i expect the rv myself if i didn't know what i do? Yes i would. Thanks later all

SFMEDIC CHAT

LAN HAS JUST CONFIRMED THROUGH CB WHICH AS WE KNOW IS AFFILIATED WITH WARKA THAT THE SYSTEMS ARE PROBLEMATIC AND THEY ARE BEING WORKED ON WARKA THOUGH WOULD NOT GIVE UP ANY INFO ON THE IQD WAITING FOR THE SYSTEMS TO BE UP BEFORE AN RV WILL HAPPEN. SO THE EMAIL I GOT HAS LEGS AND IS RUNNING. WE ARE TRYING TO RESOLVE ALL THE BS RUMORS AND DEBUNK THEM SO THEY ARE NOT HANGING ON THROUGH THE WEEKEND.

HOLD ON... THE PHONE... LET MICHIAL HAVE THE FLOOR... WOULD YOU PLEASE EXPLAIN MICHIAL. I ALREADY SAID US, AND IT IS 2.61 CANADIAN.

[michial] I have been working with medic for awhile on this...Short and myself have contacts in custom house head office.. $2.47 is american becuase our dollar is less then yours we get the extra is all. dollar right now in the bank's is 7% less then yours so we get 2.47 plus 6%, that is how it works. tysvm medic for your trusting us here in Canada. Custom House is a currency exchange.

[sfmedic] THAT AT 12N CUSTOM HOUSE RECIEVED THE NEW RATE OF EXCHANGE FROM THEIR CORPORATE HEADQUARTERS FOR RELEASE AND EXCHANGE ON MONDAY. [sfmedic] THE RATE IS $2.47

DINAR DADDY'S THOUGHTS

OK, it has come to my attention that maybe some would like to keep up with MY pulse of everything that is going on.  So, I will try and post once a day, or every other day what I'm thinking based on what I've read and heard.  Here's the first "Dinar Daddy's Thoughts" post...

I am very confident we are close.  I've spoken with those who I believe are sincere, and who really are connected.  They have told me this thing is DONE!  So, that brings me to two possible conclusions...

1)  There are technical issues with what Iraq is trying to do to roll this out.  We all know this can be incredibly complicated, and we all DON'T KNOW what it really entails.  Because of these two reasons, I can only deduce that Iraq, being a third world country coming into its own, could be running into a few issues as they try and roll this out.  Afterall, we do know that an "RV" of a currency doesn't happen over night, or with the push of a button.

2)  There are political agendas, mostly on the side of Iraq, but no doubt on the side of the US, that have yet to be met.  This could come in the form of political favors, certain countries' debt forgiveness, threats of further delays of the RV so certain politicians in Iraq don't get the public nod, etc.  I've heard even the creators of this plan have said this is done and is rolling out any day.  I believe them, so this conclusion is certainly probable.

Where do these leave me?  I'm thinking it will happen by the end of the year, most likely before Christmas.  Anytime prior to then is a bonus in my eyes.  One thing has been constant in this investment... If Iraq can find a way to delay or stall a deal... they will... and they will do it at the very last minute.  For a nice reference to this last comment, just refer to the Election Law that was passed by the Iraqi Parliament this last Sunday... with 10 minutes to spare before their imposed deadline... amazing!  We wait...

PHOENIX POST

My guess... Saturday the 12th.... Iraq time 8-9 PM announced... Rate will go into effect just after midnight Iraq time on the 13th.  We will hear about it very late Saturday night or Sunday.  We will be able to exchange on Monday the 14th.  Best of luck to all.

My guess is somewhere in this range: $1.49 - $2.47.  I like the $1.49 because it is near the Euro and I like the $2.47 because it is near the GCC average.  So to me both seem correct ranges within 2 different goals.

SFMEDIC CHAT

SFMEDIC says to (12:26:44):
WE HAVE SOME HUGE INFO ON THE RV
butterfly says to (12:27:01):
NO TY PING PLEASE
fritzidinar says to (12:27:03):
NO TYPING
SFMEDIC says to (12:27:05):
IT SEEMS TO BE AN ISSUE OF SYSTEM UPDATES
SFMEDIC says to (12:27:17):
THAT IS WHY THE TBI IS NOT ONLINE YET
SFMEDIC says to (12:27:29):
AND THAT IS WHY THE IQD HAS NOT BEEN ANNOUNCED
SFMEDIC says to (12:27:38):
I AM TOLD THE IQD HAS RV'D
SFMEDIC says to (12:27:42):
THE RATE IS SET
SFMEDIC says to (12:27:59):
AND THAT THEY ARE HAVING ISSUES WITH THE SYSTEM
SFMEDIC says to (12:28:14):
THE SAME AS WAMU/CHASE DID
SFMEDIC says to (12:28:29):
I WAS FLOORED IN WHO GAVE THIS INFO OUT

OKIE OIL MAN - KTF Missions

HERES 2 SNIPITS OF NEWS--OBAMA MEETING WITH BANKERS IS ONLY CONCERNING UN-EMPLOYMENT AND WHETHER TO USE THE REMAINDER OF THE T A R P FUNDS FOR A FURTHER STIMULUS OR WHETHER TO MAKE A FURTHER INVESTMENT INTO SHOVEL-READY INFRA-STRUCTURE PROJECT'S.

ALSO THE OIL BID'S IN IRAQ DID NOT GO QUITE AS WELL AS IRAQ HAD HOPED BECAUSE OF THE SECURITY FACTOR.--ONLY 2 CONTRACT'S WERE LET AND THE BULK OF THE UN-DEVELOPED AREAS WERE NOT EVEN BID UPON.

YESTERDAY MAKIKI TOLD THE IRAQI PEOPLE THAT ALL UN-EMPLOYMENT WOULD BE SOLVED AND TAKEN CARE BY 12-31-09---SOUNDS LIKE HE KNOW'S THAT MONEY MAY SOLVE ALL PROBLEM'S IN IRAQ.

I KNOW THAT MANY OF YOU FOLLOW OTHER FORUM'S AND THE HEAD HONCHO ON 1 OF THOSE FORUM'S IS CALLING FOR TODAY TO BE THE R/V.---HAVE NO PERSONAL KNOWLEDGE OF THAT BUT HOPE HE'S RIGHT-- THERE SEEM'S TO BE SOME KIND OF EGO TRIP INVOLVED ON SOME OF THOSE OTHER FORUM'S---BUT WHO KNOWS? MAYBE HE'S RIGHT---SURE HOPE SO

ALSO CONCERNING MANY BANK RUMOR'S CONCERNING 1 OF THE 4 BANK'S FRANK MENTIONED---WAS ONLY NORMAL END OF YEAR BUSINESS AND THE DINAR WAS NEVER MENTIONED.

THE NEWS ARTICLES CONTAINED ABOVE WAS A COMPILATION FROM SEVERAL SOURCES AND IS ACCURATE AND TIMELY----REMEMBER I'M ONLY A MESSENGER-------PRAY HARD AND EXCERISE YOUR FAITH-----OKIE

IF I GET TO TALK WITH THE PEOPLE THAT HAS A REAL FEEL AND ACCURATE INFO/INTEL REGARDING OUR GOAL---WILL POST--I HAVE NO SECRET'S-- ALSO IT'S REPORTED THERES A CHINESE SHIP WAITING TO UNLOAD AUTO=
MOBILES AND JUST SETTING IN THE PORT AND NOT UN-LOADING---WONDER WHAT THERE WAITING FOR? AS FRANK SAY'S HMMMMM.------OKIE

ALSO THERE SEEM'S TO BE SOME RUMBLING ABOUT THE 15TH.--THIS IS INFO AND NOT INTEL. THE RATE WILL BE MOST SATISFACTORY TO EACH OF US IF INTEL IS CORRECT. PLEASE NO P M OR PHONE CALL'S AS I WILL
NOT SHARE WITH ONLY 1 BUT WILL SHARE TO ALL THE FAMILY.

I HAVE NO AGENDA AND ONLY REPORT WHAT I KNOW OR HAVE BEEN TOLD AND WILL ONLY BE A FAMILY (KTFM) MEMBER SHARING TO ALL AT THE  SAME TIME.---WILL RE-POST IF ANY MORE NEW'S CAN BE SHARED----OKIE

PAPPAJACK POST - KTF Missions

There is the leader of another forum that says he has intel that he can't share as to WHEN this will be announced. I'm told the US Treasury has supposedly put a gag order on all of their employees.  Maliki said Iraqis will have no unemployment by the end of 2009.  The UNSC, IMF, World Bank and many others have gone to great pains to get Iraq out from under ART7.

Everybody but Iraq has gone above and beyond the call of duty to make this happen and even after they were forced to get it done, they blew stuff up because they didn't get their own way. This should not surprise anyone these people have been fighting among themselves for over 4000 years.

The entire world economy has a vested interest in Iraq increasing the value of the Dinar, and stipulations are in place requiring them to do so to be released from UN sanctions.

I know this may sound crazy but there are a lot of people in power that want this done even more than we do. Don't kid yourself that Obama isn't wanting our taxes from this sooner rather than later, and that's not to mention Chase, WF, CITI and BOA wanting this done. Maliki has probably had his arm twisted more than a stand in a Steven Seagal movie.

The reality is WE WAIT, that's all we can do besides PRAY and TRUST GOD. IMHO we will see this very soon and certainly before the end of the year.  

SFMEDIC CHAT

I GOT THIS INFORMATION FROM ALI THIS MORNING THROUGH A MUTUAL FRIEND.  ALI SAID IT IS NOT RVING AFTER THE ELECTIONS.  IT IS DEFINATELY RV'ING BEFORE THE ELECTIONS.  NOW I AM FOLLOWING HIS TRAIL RIGHT NOW ON SOME OF THE ISSUES.  HE OBVIOUSLY HAS DEEP TIES TO TBI (Trade Bank of Iraq).  ALSO WHO HAS HEARD OF THIS JOKER BILL BURBANK.  I KNOW MANY HAVE.  HIS OFFICE IS LEAKING OUT THAT IT IS RV'ING BEFORE XMAS. NOW I HAVE LANACHY RIGHT NOW ON THE PHONE WITH CITIBANKS CORP OFFICE WITH A CORP VP.  THEN THEY ARE CALLING THE CENTRAL BANK OF KUWAIT FOR ME AND TALKING TO THE CONTACT THEY HAVE THEIR THEY GRADUATED USC WITH.  HE IS IN ECONOMIC RESEARCH AND DEVELOPMENT.  I ALSO HAVE SOMEONE ON THE TREASURY SOURCE WHO IS TOUTING AN RV IS IMMINENT.  I WANT TO KNOW WHY HE/SHE THINKS THIS.  I ALSO WANT TO KNOW WHY THE US ARMY IS NOW GUARDING BANKS AND FACILITIES IN IRAQ AT THE REQUEST OF THE GOI.  OK I WILL BE BACK LATER

DRAGON TAMER POST - Dinar Rumor

IQD Exchange Rate High or Low... You Decide...

Many feel a substantial RV would be impossible when based on the CBI financial reports. However, I have to ask; when the circumstances change, (ie, Chapter 7 lifted, all outstanding funds released back to Iraq, oil freely sold without restraint), would not those reports also change?

Consider for just a moment that Iraq exports were increased closer to their current production rate. Then consider the idea that Iraq could use the funds (being held in escrow, foreign bank accounts, ect) for their Agricultural infrastructure and Private sector. Add in the increased value of their RVed currency (things are then a lot cheaper),and is it so hard to believe that this country (Iraq), can be the wealthiest country in the world?? The ONLY thing that is preventing this country from “realizing” this is the politics!!
http://www.cbi.iq/history.html

On July 14, 1964, all banks and insurance companies were nationalized, and, during the next decade, banking was consolidated. Following the devaluations of the U.S. currency in 1971 and 1973, the dinar rose to a value of US$3.3778, } “Pre-Saddam”, represents the real Iraq as I see it. Oil exports at 3.5mb/d back in the 70’s and today they produce 2.5mb/d, but export only 1.8mb/d. In 1973 the dinar “rose” to $3.778!! If their Agriculture can once again produce 15% GDP (and that is their very intent), and Oil production is increased beyond the 70’s output, to their stated goal of 6mb/d, (eventually climbing to 10-12 mb/d) and if they continue encouraging the private sector,…… what would these CBI financial reports mean then??

Imagine Iraq removed from Chapter 7 and receiving all of their funds. I see them investing in their Agricultural sector and private sector immediately while continuing to increase oil production. Would it really take long to get back to the 70’s levels

There are those who seem to believe that if Iraq RV’d at above $1 value, they would likely experience hyperinflation. The people wake up one morning and they have a lot more money. In the minds of some, this is not possible!! 

Kuwait “re-instated” their money almost over night, and hyperinflation was
not an issue. Therefore, what if those same conditions could be copied here in Iraq? Currently, the IQD is very undervalued and the “average” Iraqi is not making $500, $900, or $1500 every month. Iraqi Army, Federal Police, Iraqi National police, ect,. get paid very well compared to the “average” Iraqi!!

Millions and millions of Iraqi’s are dirt poor!! In fact, 22% live on less than $5 per day. Yes, should an RV happen, a small number of Iraqi’s could retire. But, a LARGE number would finally have what they once had back in the 70’s!! As for Iraqi’s “hoarding” money,.?? I’m sure a “very small” percentage will do that, but, “MOST’ Iraqi’s don’t even have enough for food!! Many have received smart cards and that is how they are able to eat every month!!
I continually see these posts bring up the aggregates of the CBI and make every effort to educate us “stupid” people using their “math”!! I can only assume that we are all aware that Iraq does not receive their “full” oil revenues as yet!! They don’t have their “Billions” that are held in escrow and as far as infrastructure; they are already a lot further along than one might think!! 

Kuwait currency (as we know), dropped to a value of about .10.! And, it didn’t “gradually” increase to its former value. No “hyperinflation” either.  Yes, there are differences, but, from 10 cents to $3+ “is” the issue!! In Iraq today, one coke may cost 2000IQD, but, if the RV were to happen, that coke might cost them .20fils!! Very similar to Kuwait!! And Yes, Iraqi’s would wake up with a lot more money too!! Very similar to Kuwait!! Prices would be adjusted as would wages. Very similar to Kuwait!! A country that has an Oil based economy and is next door to Iraq!! Kuwait’s currency lost value and re-instated their currency in a few years,. For Iraq it will be 40 years. Back in 2003 it could easily be argued that Kuwait’s infrastructure was already in place and therefore, Iraq did not compare. But, when we examine Kuwait’s condition after the war, I would argue that Iraq today, does compare to Kuwait back then.

{Average wages in 2007 hover around $4,250 per month for Kuwaitis. As for skilled and experienced non-Kuwaiti (Engineers, Doctors, and Managers) the average monthly salary is hiked up tremendously, to an average of $10,000+ a month excluding living and other benefits. Please, also keep in mind that Kuwait is a tax free country so all the above figures reflect actual take home numbers} (quote from Wikipedia). I post this to help us see a reality that differs from our own!! These figures tell a real story about Iraq. Kuwait has no Agriculture. They import much of their water. Tourism is NOT a booming part of their economy either!! Yet, “every” Kuwaiti receives a comfortable living!! Here in Iraq, Hospitals, Schools, Malls, Hotels, Apartments ect, have all been built and are still being built. Iraq has Natural Gas reserves, Water, and Oil. Agriculture and the Private sector are both included in the Future of Iraq and Kuwait has neither of these. Yet, Kuwait has an exchange rate of over $3+!! When the war broke out, their currency bottomed out over night!! When the war ended, it returned to pre-war value, over night!! Some people made a lot of money as a result of buying low and holding!! Kuwait changed their currency due to corruption during the war, but, exchanged at a 1-1 rate (except for certain serial numbers that were listed). At that time, damage was costly and I would say Kuwait “then” compares closely to Iraq today. Kuwait exports only 2.4mb/d (2007 report). Iraq has that capability right now!! 

I am not a dealer. I make no commission. I’m a contractor currently in the IZ (International Zone), just down from the largest Embassy in the world.!! I served in Desert Storm/ Desert Shield and I came back here in Iraq in Apr 05. I’ve been to Dubai, Bahrain, Afghanistan, Saudi, I spent a year in Kuwait and I’ve been invested in the Dinar since 2005!! As far as I’m concerned, I’ll let these self proclaimed economists do all the math they want and when the CBI changes their reports to reflect the “REAL’ equations, “THEN”, I’ll do the math!! A wise man once said, “If you want to know where you are going, you need only turn and see where you’ve been”!! The sarcasm I continue to see on these forums reveals a lack of real knowledge and hard facts. Therefore, I would encourage more research and less “bashing” !! I was 100% confident in this when I bought my first million about 5 years ago and I’m 100% confident today!!

I realize many on here have not been to the Middle East, and I also realize that many are new to this investment. (FYI) Our soldiers have done an OUTSTANDING job here!! Sewer systems, Water Treatment, Electricity!! 3100 schools renovated and 38 new, 180 hospitals and our soldiers took part in these projects. Media is VERY quick to paint Iraq as a failure and I take that very personally!! Our soldiers are “very” successful and it needs to be said that the only reason we are having discussions about RV, ISX, Forex, NASDAQ, ect,. is because of their success!! Every time I hear people use infrastructure as a basis for some theory for why Iraq can’t do something, it’s like a slap in the face to those who have worked so hard to build this up.

I want to ask those “experts” where the various infrastructures stand?? Do they have any idea? Iraq is, and has been, making progress right along. I think their banking sector needs no comment, but, maybe Agriculture and Transportation might need a link, so, I listed one. Real Estate has also been exploding lately too!! And Oil?? I think that says it!!

Now, to those who continually belittle others on these forums by asking,” are you serious”????? I now pose the same question!! Are “YOU” serious??