DrDinar Blog

http://www.DrDinar.com/free-downloads/DrDinar.10.29.10.mp3

Here is the recording for todays call.

http://www.DrDinar.com/free-downloads/TroopPullOut.DrDinar.8.19.10.mp3

There you have it, today’s call. Will be on the RSS2.0 feed later this month when I put it on itunes as the monthly podcast.

On June 17 had a great chat in the Just4Dinar forum ran by Max Krueger:
http://just4dinar.forum-motion.com

After the 1 hour chat session I invited anyone in the chat to talk on my conference line.  We had a nice chat and my friend Billy Giles showed up too.

Topics discussed were Iraqi dinar and how the BP oil spill could have an effect on the Iraq oil demand.  We talked about the dinar revaluation and how the Iraq media needs to start talking about the RV on a regular basis as a sign of progress.

Download the call:

http://www.DrDinar.com/free-downloads/Just4Dinar.6.17.10.DrDinar.mp3

I was a little reluctant about having a Friday evening call in the middle of May with the BBQ weather in full swing.  So I went ahead with a single email blast to the network and I noticed inverters dialing in 45 minutes ahead of time.  We packed out our line well before the 8pm start time so here is a very brief review of the call followed by the recording download link.  You can also get it on itunes with the link graphic to the right on the this screen.

CBI Bids On Paper Shredders

Someone brought up the fact that the Central Bank of Iraq has been bidding on commercial paper shredders, this went right into a conversation about devaluation of the dinar and I had to display a little common sense on the issue.  Every country that prints currency has a way of destroying old notes that are cut, washed in the laundry, falling apart, or use the older security features.  Some countries burn notes, but shredding is a common method.

When the USA took the $10,000 bank note out of circulation in the 60’s, the $100 because the new biggest note.  The old 10k notes were destroyed at the banks but if you still own a $10,000 US banknote it is still worth $10,000 at a bank.  As for Iraq the largest bill now is the 25,000 dinar note.  Iraq may get rid of this note and make the 5,000 dinar note the biggest for example.   But your 25,000 dinar note will still be worth, 25,000 dinars.

Lop Myth

Very popular topic of conversation because the headlines make so much advertising revenue for online marketers in the dinar industry.  As always, the lopping of zeros is a myth.  It keeps coming up all the time since 2004 when I became a dinar dealer.   One DrDinar VIP member made the very important distinction that when the dinar revaluation occurs there will be zeros ‘lopped’ removed from the right of the decimal point in the exchange rate.  Many people still get confused on this, what I’d like to see is some marketers take the bull by the horn and speak the truth on this very issue.  Zeros will not lop off the banknotes, but rather the decimal point on the exchange rate will move to the right causing the zeros to the right to go away.  Example:  0.00006 becomes 0.006

Gulf Oil Spill Effects

There was mention of the oil spill and how that may effect supply and demand of oil.  Iraq may possibly benefit with a higher demand due to the increased oil production restrictions from the spill in the spill area.

RV Talk

No RV has occurred yet.  With 2010 here and all the massive progress made in Iraq over the last 6 years that I have tracked I’ve concluded that a dinar revaluation will in fact occur sometime in the future.  There is no question anymore whether or not it will occur.  The only people that talk trash about an RV not happening at all are people that are not aware of the key progress milestones over the years including the snuffing out of the Iraq civil war.

Here is your podcast on this article:
http://www.DrDinar.com/free-downloads/CBIbidsOnPaperShredders.DrDinar.5.14.10.mp3

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Written by Darren Chabluk for http://www.DrDinar.com
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