EDDIEX POST - Dinar Vets (First Post)

Anything in red is not 100% confirmed.

I kind of rushed this posting so there may be grammar issues or things left out. Just wanted to get it out.

People have been asking me why I've said January 7th and doubted January 4th.

Well the short answer would be educated guess and information.

I'm not saying there are any "sources" or anything. It's based on real time info and research. But I do think it will happen within the next week.

Follow the breadcrumbs. Yes like Hansel and Gretel. It will bring you to the same conclusion or close.

Like reading the Iraqi news. For some reason people think this is going to be all over the US news when it won't. People keep looking for updates. Look at the news section of this site, where are most of the articles from. Iraq.

Election law has a provision supposedly where it can't revalue within 45 days of the election. I have not been able to get that info for sure.

Oil contracts got the green light, you would think there is a rate for the companies to even consider it.

US politicians are in Iraq. And probably not just for Army Day though the US troops are there.

The ISX. When I got that email in December I thought something was up. But not sure what. Then they were supposed to open on the 4th and I was saying to myself "it's not happening". It didn't. I said I bet it stays closed through Wednesday and so far so good. It opened Tuesday but was cancelled. This is not computer problems.

Budget not being done. They were about $20B+ overbudget last year and I didn't think they'd allow it to happen again. Unlike the US, other countries actually go in order. The US will drop a bomb and see if any of the leftover pieces add up but Iraq is playing this as it comes and before it happens.

In the US a budget would have been passed and then work out details. Won't happen again like that for Iraq. They want to be a major player and will be in a few years.

This was a back up fact. The article I posted yesterday about not setting the budget may trigger it. No one is going to leave a date out there like that. People were claiming it was in papers last week with dates and rates, not going to happen. This cue lead me to believe it wasn't happening on the 12th.

Rate. You have the 10 cent rate people which *I* think is utterly ridiculous. Right now the dinar is mostly speculators. But at 10 cents you'd introduce investors, Wall St cats, etc. The country would go into hyperinflation.

People seem to think $1 is high but Iraq is not Cambodia, they have more resources than almost every other country and a lot of it is untapped.

Iraq wants to stand on it's own and that means they need a real rate. They were trying to reinstate their currency when this started way back when.

My guess is close to $2, maybe even more. Why?

The GCC.
The Gulfo is coming. January 23rd the 4 current GCC countries will be together, may take years for the actual paper and all that but they are supposed to be unified and the rumored rate is $2.66. With pride being a big thing in the Middle East, you can bet Iraq will try to be close to that or over it. Will they join the GCC? Not without a recognized currency.

Iraq has the resources to be even higher but they don't have the straws in the ground sucking up oil, sulfur and the other resources.

There are a ton of dinars out there but countries own most of them. Some countries have agreements for oil instead of flooding the market with dinars.

Most bank transactions are electronic. So it's not like Iraq has to have $x in the bank for this either.

Check Ali's site, rates aren't locked in anymore.

It wasn't based on any "intel" except the one in my laptop.

Remember education and information is key. People claim to know rates and dates and have friends in high places but don't even know today is Army Day or the date of the elections or historical date or blame the US president claiming he's holding the revalue for ransom.

Think about who you listen to and what they have to offer. Some people just want to grandstand and look like big shots. Some do actually mean well. Just look at what they say and do your research.