Your opinions on my choice of Dinar video is appreciated in the comments ; )
This video is where my mindset is on the dinar. Oil rich Iraq Dinar banknotes here we go.
Be mindful to the most likely ‘broke’ professor near the end of the video talking down the dinar. He talks like someone who lives with a ‘capped’ income.
Speaking to the high risk takers, invest what you can afford if you want dinar. And to those who can’t tolerate risk, it may not be for you. But to tell everyone to not do it no matter what, is just plain bad advice.
Haters………Shut up.lol We all know it’s a risk but what is life without risk.If you don’t take a risk once in awhile you will never will see the reward.So you might lose some money(maybe).It’s just money right,we can always make more.But if this works all the haters will be saying I should have done that.I will not be saying what if.I will be saying thank the lord I invested in that.Most of us that have dreams of being weathly have taken a lose before,but you learn.If you don’t ever take a chance you will never have more then you can earn or our boss is willing to pay you.You will never get rich working for other people.If you want wealth you have to get up and go get it.Take a chance but then again if you are reading this you are my fellow invester and you did take the chance.Congrats,my our futures be bright.
Many negative people destined to be broke here on earth in thier mortal life speak due to fear of the unknown.
I think its ok to say you dont like Dinar because you don’t know it. But you call dinar down and advise educated high risk dinar investors do not do it, that is plain broke thinking.
The 2nd man in the video is an Educated Darylic.
Joe and Darren thanks for the reaffirming this, you can’t have too much of that. I do wish they would reval now before this thing goes too far and there does become too much money out there. When my wife and I bought in we were told not to talk about it, don’t tell anyone about it, unless they are extremely close to you and you want them to prosper. The idea was if too many people knew about it, it would reuin it.
Trent….I’m not to up to par on this but how could it ruin it? I assumed Iraq/CBI is fully aware of the amount of currency in circulation. I do admitt i thought about that as well. Just trying to understand. Thanks
IMF Executive Board Concludes 2009 Article IV Consultation with Iraq
Public Information Notice (PIN) No. 10/34
March 1, 2010
Public Information Notices (PINs) form part of the IMF’s efforts to promote transparency of the IMF’s views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.
On February 24, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Iraq.1
Well…I guess the American Contractor was right after all.
NO reval
No cut in salary..
Bobby I didn’t know at the time how it would ruin it other than I assumed the pay-out would be too large. Even after all that has happened I’m still not sure. I did buy more dinar recently though, so I guess I believe it will work, even if it is a slow climb. Who knows?
My husband and I bought more, here recently, as well. Not due to pressures of a pending RV/RI….just because we said that if nothing happens, we will continue to buy as we can afford it and nothing more. We know the risks involved and we are well aware of the pumpers out there that tell you things that would make you want to jump on it with both feet. That was November and December for us. Now, we are sitting on a nice investment and we will ONLY buy more when it is within “our budget.” The WORST “chatter” I have heard out there is that we will get our money back SO where are the risks? A little time consuming but >worst case scenario< we have a savings account. I think that it will bring us a great return so I am willing to take this "risk."
I also wanted to mention that there are so many conflicting stories out there and I am confused. One article makes you think they will do nothing in 2010 and others say just the opposite. ” Articles coming from Iraq, I mean.” Is anyone clear on this RELEASING OF THE FROZEN MONEY thing on the Chapter 7? The IMF did it…I think!!? I was confused on that one and if someone could clear the air on that, I would appreciate it. It tends to make the gurus feed off of it so I was curious. There was rumors saying that the reval was done Sat…..which I DO NOT BELIEVE…and it was suppose to come out at…get this…they cannot get together and say the same reval rate! More “pumping crap” and saving face, IMO! Buying time is what I think. It may be true with one of the many, who knows? Probably not though. I am done with listening or taking stock in anything they say, at all. Their “contacts” calling all of this and it falling through….and those were some pretty hefty statements that they were calling “intel.” I still read them..for entertainment…but I don’t believe any of it. It seems to really get hot towards the end and the beginning of the month, I noticed. I bought in to the December, January, and February excitment. My husband bought in to the March 1st excitment and it crushed him when it didn’t happen. I spent most of the day yesterday making him realize why we did this in the first place and we knew the risks of watching these sites. He now says that he will check once a day on an exchange rate site for any changes, and nothing more. I don’t blame him.
Well, as far as investment goes… You only get the fruit when you go out on a limb. This is a speculation. Possbilities are endless. Today great intl on dinar direction is bad intl tommorrow. Faith… Just keepin the faith.
Okay here’s the deal….they, the powers to be in Iraq, have said THEY want to increase the value of THEIR currency. We have seen the statements. We have read that it will be done by the end of this year. We have 10 months to go. The question is, how do THEY get their currency up to where THEY want it? We are going by their words, not ours. They have to do something to increase it’s value. What will they do?
Jenn I feel for your husband this rollercoaster has been going and going forever.Some days are rougher then others.Don’t worry we are come to a hill it will slow down for a min.Nothing will happen in the next few days with the election coming it will be quite for a few days.Tell him to just watch the cbi.iq site if it happens it will happen there first.
Elections sound exciting, wonder if they will pull it off this month.
I believe the reval will happen. I walk by faith not by sight,and I will allow patients to have her perfect work. Patients keeps faith alive and faith keeps my belief alive.The Bible teaches that God wants his own to prosper in all things.I believe that things are being put in order for the reval to take place. Don’t worry or become frustrated, just allow patience to give us a peace of mind about this. The Bible is truth. All, be blessed !
Larry Friend from Delaware, thank you for the encouragement!
First off I’ve been invovled with the dinars since july 2003 and I was told when purchased them that I was looking at a time frame of 6 to 10 years before I would see a return on my investments so the way I look at it I still have little less than 3 years after that I’ll sit back and weight the options. This roller coaster ride has been unbelievable, so many pumpers lieing its ungodly the amount of money these guys (dealers)are making, it should be against the law, but it isn’t so life moves on. Im in it for the long haul. So HAPPY ROLLER COASTERING
I have never in my life read so much non-sense as I have the last 3 months. It is absolutley rediculous. Rates! Dates! Crap! Crap I say!
Darren have you been keeping up with any of Adam Montana blogs if so what do you think about them..
At Nenosplace via Dinar Daddy Tidbits, Ali allegedly denies talking with Adam about an rv. This is interesting as I buy my dinar from Ali and moderately trust Adam for news. We’ll see how it shakes out.
Hi all. Sorry I dropped off the radar for a couple days. Just sitting back and absorbing things, I guess. I let some of my family members know that I will no longer be e-mailing them updates due to the fact that was I was doing was no better than what the pumpers do on other sites. I was telling them what “they were saying” and building them like we get built up on a daily basis. I can no longer feed them the packs of lies! I told them to watch the articles and nothing more. The 1st came….and went… and so many people were heart broken, my husband being one of them, and when my husband hurts, I grow fangs, and regroup. All of them saying that their stuff was “intel” is what pi**es me off. And then you can always tell when the sales slow down…a bank story from an annonomous “tidshi**er” or “tidbitter” pops up and it is a frenzy. I sit and watch people say that they ordered more over this and I hope that it isn’t their house payment they just wagered on that crap.
Over the past month, I have seen SO MUCH incouraging stuff come right out of the Iraqi papers about the revalue and the lower denominations coming out and the importance of the Chapter 7 and the activity with the IMF and the meetings and the gold…I can go on and on with my “ands.” These are the things that are “work in progress” for us, I think. I am beginning to believe that when the Chapter 7 and the elections are well behind them…we may see a movement. That Chapter 7 is very important to them and I just don’t see them going in to a RV with that over their heads. They want it to go away before they will ever play their final “check mate.” JMO. I see that they are well on their way in succeeding in that, so that is what I am watching…and any other issues they speak of as major importance to them. They are going to “get their way” before they benefit anyone else and THAT is something I have seen them speak out about “loud and clear.” All of the posts over here that we see daily…they are…..”if I were Maliki, I would do it….” posts, and nothing more. But none of these people are Maliki, or the head of the CBI, so none of them know JACK SQUAT. Don’t get me wrong, I think a few of them put out information in good judgement…but some…I think they love to see what kind of rise they can get out of people. Then you throw in the bank stories and the other rumors…I think that is your pumpers building sales..IMO. You notice that they always say “I cannot reveal my source.” That is you first and last clue.
My husband and I had dinner with a nice gentleman that actually mentioned the dinar to us about a year ago (and we didn’t take a second look at it at the time) but anyway, he never gets in to these forums, he started buying 5 years ago, he worked in Iraq a year ago as a contractor on a base, within a base (and wanted my husband to go because he has an A&P lic. but I said NO WAY!) and to this day, he says it is a great investment. People keep him posted on the IQD and he is happy with that. He never once stated that he had inside information with him formally working in Iraq and I really appreciate that. I knew at that point that he was a straight up guy. He is in it just like we are. My guess would be, it is like that with anyone that is over there.Yeah, he had an opinion on a rate, by what information flows his way, but it is the same as us stating our opinion, and nothing more. He has no “intel” of why he came to that rate, but just his personal opinion, just like mine and the next person. Anyway, watch the papers…nothing is coming out Saturday, they banned the papers from doing and press release that day, AND watch their movements and accomplishments on what they are asking. The posts in the other site, if you need a good laugh…read them.
ok Here is one observation:
I too believe the sanctions and chapter 7 must be gone first.
Think this:
If the RV happens big time, many Iraqui’s will have some serious money in their hands. They will want to spend.
What happens when there is allot of money chasing a small amount of items? (because of the sanctions on imports) the price usually goes up as the seller sees big profits. That being the case, isn’t this call inflation? This would be a mess. So, I see the sanctions lifted, the importers bringing many things into the country; THEN the rv so there is something to buy.
Just my thought
Jim
Jim> That too, is something else to look at. Anything that needs to be “fixed” or needs to go away and I don’t think they will start a “new chess game” before finishing this one. I am just being realistic here. What we “want” and what they are “going to do” is just the opposite of one, another. JMO. We may be surprised…..who knows? But I am no longer buying in to “peoples predictions.” The lower denominations will come out, and then it will be time to have eyes and ears open. JMO.
I honestly don’t know how this will all turn out, but, the dinar must go up in value. Consider all the oil reserves….then think about all the natural gas reserves……then their agriculture……then probably many other things.
Jennofer thank you for your posts. If anyone messes with your husband, get the fangs out!!
On another subject, Adam’s CBI contact isn’t worth a crap as far as I am concearned. Adam cried RED ALERT two nights ago, then last night, Adam said, could be 110 days out from a reval. Well Bear’s @ss! I am fed up with his Intel!
Jennofer, enjoy your posts, keep posting.
Agree with you Trent about Adam’s posts, makes me wonder if
Adam has any contacts or if he likes to sell his book and charge
for VIP members, just my opinion.
The smaller notes are out they are on the cbi.iq site on the bottom left of the page.I hear shabi said they plan for the LOP.I haven’t beleive it before but if shabi really said it.It will happen then.Can you smell the smoke yet?Just because we won’t lose money doesn’t mean we didn’t get burnt.Atleast in my book.MTAB
According to Mailman17 and Gankans at DDT everything is on schedule.
I have a question, i have read that once Iraq is out of CH7, they will have certain assets returned to them. What are these assets? Does anyone have figures on this?
PA, I have read that also but can’t answer your question, sorry. When will the election winner be annouced? I hope it is Maliki, my understanding is he is more democratic than his oppisition. Apparently the other guy is anti-American. That won’t help matters.
JOE……>>BITE YOUR TONGUE!! It will NEVER LOP !!!!!!!!!
The only way that it could EVER LOP is IF AND ONLY IF…. Iraq had there inflation up to like 29%- 80% bracket and they had NO PRODUCT TO SELL. OIL, OIL, OIL…. My friend…is their product and their GDP is around 7% and the inflation is around 5%.
PurdueAlum> assets of theirs were frozen when Chapter 7 was put on them from the Sadaam hussain era, to my understanding. He had a “fake” value on his dinar because he and his family were the only ones that owned anything. Nobody else was allowed to own anything, they owned it all…to my understanding. He took everything from the Iraqi people, printed money as he needed it, and when we took him and his… spawn of satan… sons down, they froze everything…and now, Iraq wants back what belonged to them…that was in fact, taken from them from the satan himself. Sorry, no figures…just know what kind of an evil person he was and what happened, somewhat, when he went down.
Trent> I read something about Thursday and the elections. I also have been watching here locally about the violence and the deaths going on…which they expected, and it was announced locally that it could take 6 months to plant their buns in their seats, comfortably, if you know what I mean. To my understanding, it does not matter who’s buns are in those seats anyway…things are well under way and CBI and IMF are in the drivers seat. Remember these two words….FLOATING ORBIT.
We will be fine, my friends, and I really believe we are getting closer and closer to our final closure in this. 2010 is our year! March or April may be our months? The next days may be our days? ( and don’t go buy dinar because I feel very positive on this…I know nothing more than ANY other person outside of the CBI and IMF.) Things just look really good ” in the news” for us and I feel it is getting close. So, keep an eye on what is happening….real close!
Come on people and stop crying. Most of you are like babies, all you want is to get rich over night and when a news come out saying something negative, you all start getting discouraged. Don’t give up the finish line is very near. Great things will happen very soon, be patience. Iraq is one of the riches country due to everything they have and the dinar will happen. Look at how much value it had before the war. Common sense tells you that it has to go up again. Go Dinars!!!!!
P.S. I quit believing anything the others were saying and looked, with a little help from Bubbbajr, at the FACTS….right under our noses. I do that when I feel as though I am “LOST” in this and she brings me right out of it every time. She actually guides me through different articles and spends time with me until I understand the ARTICLES…and not so much her take on things. She has never been that way.
Humberto and Jennofer I agree with you both. Altough I would give up any reval profit as long as I would know our soldiers who gave their lives there were not given in vain.
I think a good reval and a democratically elected president would help to justify the whole ordeal.
Humberto, I am not crying I just want to know who was elected.
Thanks to all, good night.
Hey,,humbo up there….sure do appreciate the the reasurance at the end there …but with all due respect, we are NOT BABIES TRYING TO GET RICH OVER NIGHT. Some of these people have been in this for quite a few years and I think if anyone is DUE.. it is them. Yes, we see negative and have our down days but as HUMANS, we are allowed to have feelings and lean on each other for the reasurance some of us need from time to time. That was a little uncalled for, don’t you think?
Apparently we won’t know who won the election for a few more days. Then the next milestone is the UNSC meeting on April 1st with the Secretary-General of Iraq.
Elections are done, results will be very interesting. So April 1 is the UNSC meeting.
Yes Darren. American Contractor and some others have stated this. Darren hasn’t the Hydrocarbon Law passed? What else do we need to happen?
Jennofer, I’m sorry if i was to hard on some of you, but i own dinars since the beginning. my whole family owns dinars since the beginning as well. we need to have patience in life. remember that good things come for those who wait. i used to own Kuwaiti dinars and i waited and made great money having patience. i only wish that i had purchased the same amount of Kuwaiti notes as i have in Iraqui Dinar. The dinar will happen very soon. these countries are very rich in natural resources. I can tell you this by experience that the dinar will happen within a few months. GO DINARS!!!
Humberto what else do you think needs to happen in order for “the event” to take place? Or anyone that wants to answer.
Look when they talk of taking a huge risk on the Dinar. Think about what they are saying what the hell is risky about investing a mere 1000 dollars for the chance of turning that into a couple of hundred thousand dollars. Worse case scenario you loos the whole 1000 dollars. Many stock holders and pension holders have lost a lifetimes worth of savings to the market.
So when someone says beware I consider the source.
Humburto> can you give us some information on how Kuwait revalued?
Maybe we can have a little better understanding of what we are up against.
Paul> Right now, you could sell your 1000 dollars in dinar and lose a couple hundred. You will only “lose” if you sell out now. This is a win/win investment…no matter how you choose to look at it. Just don’t sell out, and be patient….that is my motto.
Not much is going on in the news right now. The results should be in by Thursday on the election. I read that until everyone is seated, the existing parliament will continue until all results are finalized. That could be a good sign, maybe it will go back to business and we will see some things get taken care of, who knows? The CBI and IMF are what I am watching…but I am watching for that Chapter 7 news to come out and I want to say that the Hydrocarbon Law was in the budget somewhere, but not sure. I know that the Iraqi people get a $1 for every barrel of oil, or something to that effect, and that was part of it, I think??? Not 100% sure though. News will start moving again soon. That is our hold up on trying to figure this chess game out.
Hello Jennofer;
I don’t doubt the Dinar is for real. The question however becomes this: is the average investor or holder of Iraq’s currency going to profit in a big way?
In other words. It’s not loosing money that I am afraid of. I am afraid that this notion of lopping the zeros’ off the 25K note will be used to squeeze out the little guy from making big profits.
For example I actually heard someone explain to me that if they lop off three zeros from a million dinar, the Iraqi government will be able to reval the Dinar at a much hire rate as opposed to giving us .03 cents to the dinar. And this person actually thought that would be a good thing
First off all this person had no idea what she just said because I would much rather get paid at .03 cents per Dinar per million than to have three zeros lopped of a million dinar so they can reval at a hire rate even at 5 dollars per dinar. i.e lopping of three zeros from million dinar would leave you with 1000 dinar. 5 dollars X 1000 dinar = 5, 000.00 dollars as opposed to .03 cents x 1,000,000.00 which 30,000 dollars
In essence the KEY to making huge profits is the leverage a million dinar has at the small amount we now have to pay for it. The question now becomes how will Iraq attempt to retrieve back their Dinar in a cost effective way.
Paul
Paul> I recently spoke to a very good friend about the “L” word…don’t like it, sorry…anyway, if she could have smacked me through the phone, she would have! She explained to me that the ONLY way Iraq would L_P their currency is if their inflation was 30% or higher..29% or whatever…anyway, she said that countries usually do that if they have NO PRODUCT TO SELL! What does Iraq have that many countries want? OIL, MY FRIEND and their inflation is right around 5% so IMO, if Iraq wants to continue to build trust with these countries that hold their currency, and many do, they will not take that route. Besides, there has been statements that the “nominal value” will remain the same. When they go to the lower denomination, the 25 dinar will be worth 25 dinar. The 25000 dinar will be worth 25000 dinar. They will both be in circulation at the same time until they feel the higher notes with 3 zeros are drawn back in. I went through that “L” depression…don’t let it get to you. They have a “plan” and I really don’t believe that doing that “L” thing is in those plans. As far as them drawing them back in, I cannot answer you on that. I would probably think that the countries would use them to buy oil…but not sure on that. hope that helps.
HEY! On Gankins post on Dinar Daddy… HE SHARTED!! LOL! AND THEN CHECKED! LOL! AND THEN CONFIRMED THAT HE SHARTED! LOL! ONLINE! LOL!
Yes Jennofer that explanation helps a lot with my anxiety on this.
Again the critics don’t get it. There is LITTLE risk in losing any money here. MY CONCERN; is losing the dream that we can make life changing profits. With that said my other anxiety issue is if Iraq changes up on their currency.
How will that effect the currency we now have. I know this question and concern has been talked about before. I would like to know what you and your friend think about that as well.
One way I am currently trying to address this is by opening up an account with Warka.
PS It makes sense about what you said regarding the 25 K notes remaining in circulation until they are drawn back in.
That will be the balance that the Iraqi Government will have to figure out. Reval the notes high enough to draw them back in but not too high to where they are paying premium prices for their own currency.
I can tell you this, any reval from 5 cents and above will be a huge profit winning scenario. The 10 cent mark is considered low by many and that still reaps big rewards with little up front money to invest.
To joe;
Where is the cbi.iq website you are going to? Can you provide the exact web address?
I agree Paul, If someone had just 2 million dinar they would make a big profit at .10……….I am concearned a little that someone hostile to the United States might be elected. That wouldn’t do us any good.
Trent I think that might be the least of our concerns, besides the numbers look good for Malaki.
Changing the dinar notes to newer notes, is what I am concerned about. Of course this thing can be analyzed from many ways.
However, the basics is to see that their government is stabilized and that they don’t change their currency. With all the analyzing going about if those two concerns are taken care of then all else will fall into place.