xyz] 11:35 am [~SpecialAgentGibbs] folks please, do not fall for the scams offering to buy or exchange your dinar! How many times do we have to keep saying this? You will lose your wealth!!!
[xyz] so true …. 11:39 am [~SpecialAgentGibbs] hey, psstttt. I can get you a better rate, just send me your dinar and i promise to send you your money right after exchange!!!! (translation: i’ll take all of your dinar and disappear to some island) 11:40 am [~SpecialAgentGibbs] use some common sense!!!!!!!!!!!!!!!!!!
[hub] xyz if the door you WALK through doesnt say _______bank, or airport currency exchange, or dinarbanker…etc….dont part with the dinar,
jodilf] for those of you who will be asking in a couple of hours, PTR is NOT having a call today
shasta7] truthfully regarding teirs… I believe if there is to be a Global reset… the gov’t’s of the world will get a higher rate… but we won’t know what it is… then if the info is true about Madame WU… then yes those in groups could get more then street rate… jmo
[mimi3] shasta7 who is this Madame wu?
[hub] shasta7 i hate to be stupid, but i have heard she is, she isnt, and in between, who and what is mad wu, please sir
[jutta11] mimi3 the only woman with common sense in politics and she and Christine could clean up this mess..
[shasta7] hub Madame Wu IS a real person… in 2004, 2005, 2007 she was considered the 2 nd most influencial woman in the world… 2006 she was 3rd… in 2007-2008 she retired… she is one of the wealthiest families in china…
[shasta7] As I always tell my ppl… figure low… but hope for high… base your plan on lower rate & then be pleasantly surprised iffin it is higher… you won’t get caught up on the emotional roller coaster…
[shasta7] mimi3 I tell my people to figure $ 1.50 to $ 3.00 base your plan on lower number… we already know Shabibi said Iraq will have highest rate currency in middle east… (which means the world)… I do believe Shabibi before anyone else from Iraq..
[shasta7] keep in mind all… that China wants their currency to be the worlds reserve currency… so they will do whatever they can to get it… the more Dinar they have or get the more power they become in the financial world… this whole thing about RV of currencies is about power grabbing to control…
[SWFloridaGuy] shasta7 Shabibi did have one report years ago when he said the goal was to eventually return their currency to previous levels. He never once mentioned the mechanisms by which they will achieve that RV, RI, RD etc. People misquote Shabibi and the CBI all the time unfortunately. A common misquote is “Give me a seated government and I’ll give you a RV.” The CBI and Finance Committe did say that they will move forward with the economic reforms (details not enclosed) when the political crisis is resolved but when it comes to a revaluation as Shabibi himself did say “Even if I knew I could never tell you.” We do however speculate in chat rooms that is the plan.
[shasta7] SWFloridaGuy true… BUT he also knows & wants other country’s companies to INVEST in Iraq… he said so by having that meeting in DC last yr… & most will not invest unless they have a currency worth more then 1/10 of a penny…
[SWFloridaGuy] shasta7 The 2 are not mutally exclusive. Depends on the company and how they will profit. That’s kind of simplifying it imo and still doesn’t address how they will reach levels of a 100,000% increase. Little more complicated than that but I do believe a RV is what we will see.
[shasta7] SWFloridaGuy so do I… but hearing rate of $ 60 is crazy… in my opinion even rate of .86 is notz… use common sense… can the rate be high YES but within reason…
shasta7] Here is an article everyone needs to digest & read… Firestorms & Currency Twisters
SWFloridaGuy] shasta7 Where I am continually perplexed is seeing people in chat rooms reference a 100,000% increase as a “Small RV.” Romania (35.4%) and Colombia (30.6%) are the previous record holders and although the initial effects were positive, sustaining that growth presented a lot of problems and after about 3 years they started to show in both circumstances so 1 to 1 is nothing to scoff at imo. Needs to be put in perspective. We need to know what we’re talking about here.
[shasta7] SWFloridaGuy only problem with that is why would Iraqi’s give up USD for Dinar for same price or lower… like .86 cents… especially with a country who is not stable…
[shasta7] referring to the 1 to 1
[Beefjerkey] SWFloridaGuy When Romania and Columbia rv’ed were most countries spending over 100% of their GDP?
[SWFloridaGuy] shasta7 I understand that point and eventually I think Iraq will be able to reach that level and justify a high exchange rate. They’ve already made adjustments and none of them came close to 1 to 1 but we hope that will change.
[SWFloridaGuy] Beefjerkey Well, Colombia has RVd twice. 1936 and 2006
[SWFloridaGuy] 1993 rather not 1936. Type
[shasta7] I also think Iraq has alot of bills to pay out… & only way to do it is to get currency as high as possible… I am thinking it has to be in line with Kuwait value…
[BIGREDDOG] SWFloridaGuy imo it would ba comp to avg. in the middle east…. thats is all tose folks care bout…. Ive been there there is no outside world lol
[Beefjerkey] SWFloridaGuy The world is in a near default state now, something big must happen.
[SWFloridaGuy] Beefjerkey The hope is that a big change is on the way. I’ve addressed this possibility with a change in the peg. A PEP is one of many possible scenarios. Another option would be for the monetary policy to target a basket of basic mineral and agricultural commodities. A broad-based commodity standard and not just limited to a single commodity such as gold which would help average out fluctuations.
[shasta7] Lastly, the global sistuation is on fire… & ALL countries are in trouble… so the reset has to happen soon or they will be rioting & civil unrest like the world never seen… we are almost at that point now
[frankcraft] shasta7 but Kuwait is revaluing also right…..so it may be higher then the rate now???
[BIGREDDOG] frankcraft if you a forex fan kwd is down several ticks
[shasta7] frankcraft … from what is in the rumor mill…
[SWFloridaGuy] shasta7 Can you explain your “Reset” scenario? Which currencies get adjusted and in which direction?
[BIGREDDOG] xyz no i didnt
[inwest] hello SWFloridaGuy, what was the percentage the dinar was reduced when it was devalued? Was that a record reduction?
[hopeful2&2] 1 to 1 is for the iraq citzen to take the dollars and trade for dinar , other words trade 1 dollar for 1 dinar, then when the rate changes, their 1 dinar will be worth whatever rate is set, such as 3.22 or 3.86, other wise there would be no need in trading 1 dinar fo 1 dinar
[shasta7] I think it depends on who is & has the power… it also will depend on what the country produces, how much gold they own, GDP, & what rare earth minerials they have… talk out there is 20% gold & rest GDP… but again nothing set in stone
[SWFloridaGuy] inwest UN resolution 661 was instrumental in the decrease in value and the great disparity between previous levels the IQD has held and it’s current rate is the only reason we are all here.
[BIGREDDOG] cnat forget bout the oil….. best quality in the world and more than everyone else…. that is power!! lol
[inwest] what was the percentage the dinar was devalued?
SWFloridaGuy] inwest That’s up for debate. You will hear many different estimates between what the “True” value of the IQD was when it started losing value. There’s no simple answer to that.
[shasta7] We all know our banks/financial system is a house of cards & now insolvent… they just are propping things up to cover the truth that they stole peoples money worldwide…
[inwest] did the dinar drop from $ 3.22 to something like.003? is that close?
[shasta7] inwest … dropped to 1/10 a penny
[inwest] ok so on a percentage, what percent was the dinar reduced in value?
[shasta7] ok gotta run for a bit….
Dinar Daddy’s Tidbits