Dunia Frontier Consultants have issued a new report entitled Foreign Commercial Activity in Iraq - 2010 Year in Review.
According to their research, the total number of reported investments, service contracts, and other commercial activities by foreign firms more than doubled in 2010.
The report includes a listing of the 30 biggest foreign investment deals in the country over the past year, analysis by region and sector, and details of the main investor countries.
Please click here to download a copy.
when is the rv? any ideas
The RV was set in iraq but not in the US. Soon!!!
what does IQDRV mean????
in order for the rv to happen, several countries have to sign off on it and that is probably what we are waiting on but it is supposed to happen any day now.
iqdrv means: iraqi dinar revalue.
bentley: pick a day. that way if it happens we will both be suprized. my idea of a time frame is from now to about 3 years. definately before the five year mark. its an investment. you buy and wait. Jr: what? IQDRV is short for Iraqi Dinar Re-Value (revaluation) My question to you both. Have you invested in the IQD or just looking for a gold nugget of an insider tip?
The US Investors are all interested in investing in Iraq since our US Armed Forces have had a mission change and now escort Iraqi Government Officials to their necessary meetings and Iraqi Parliment meetings.
We are all concerned about the Iraqi Dinar and when it will Re-valuate and begin to recover back to what it previously stood at in Pre-2003 if possible. Many Americans have purchased Iraqi Dinars from domestic currency merchants in the USA all registered with US Treasury giving them needed credibility with customer base. There has always been currency investors in the USA and it is a good business to be in.
Sincerely,
Major Richard D. Wride
I am in Baghdad, Iraq. There isn't a set date for an rv here or anywhere. Truth of the matter is that nobody knows when it is going to happen. Don't get caught up in the hype. I am an investor in the Dinar, but realistically you are looking at 1 to 3 more years before it happens. This is not Kuwait and is a totally different ball game all together.
Keep the faith and remember why you made this investment, but if you made this investment thinking its a get rich quick scheme, you might want to go ahead and et out now, because it's going to be a roller coaster ride for awhile 😉
J
how much do think it will go in the first months it gets r/v
would like to stay in touch with someone about the dinar i invested but don't know much about how to do this thing.
Jim, there's no telling what it's value will be or when it will happen. There's "pumpers" out there that say it's "any day now" and it's going to be $3.50...it's all bs. Nobody knows when or how much. I think it's going to be anywhere between .$50 to $1.25...pretty big gap huh lol. I just know they have the oil, once the oil starts pumping out the numbers they are predicting it will definetly revalue. But this can be upto 10 years before they are pumping out the projected marks.
Also do not forget, once America pulls out, this country could fall right back to where it started. I think America will stay on some level (20,000 strong), but still there are many things that can go wrong. Hopefully, and I believe this is going to hold true, is that the people are wanting more. With that desire though, comes responsibility. My time I have spent here I have seen a lot of people really with a great amount of desire but with the lack of capabilities or resources to accomplish what we take for granted every day, basic functions to life. You have to realize that these people have been set back for so long by Saddam.
I have hope and faith that it is coming around. The fighting has dropped off dramatically as the leaders of the different tribes in Iraq are meeting and discussing percentages of the distribution of the wealth amongst the people. Only time will tell.
(keep an eye on Iraq for the next 3 to 4 days...protests are beginning triggered by the happenings in Egypt and Libya. There are said to be peaceful protests...but we shall see)
Thank you for clarifying all of this because there is so much mis information out there that confuses a lot of people including me. What you said makes sense to me!
How can Iraq continue to trade with others and complete day to day business without a RV? I just don't get it. Their Dinar is worth nothing but yet there sitting on more oil than almost everybody in the world.
No problem Teddy, my pleasure. Just hang in there, it will be worth it in the end. That $50 by the way was ment to be $.50 to $1.25.
It is possible that it RI's first too, so be readyfor that to happen, because I believe it will happen before the rv.
For those of you wondering, the RI is a Re-Issue to the value it held before Desert Storm which was right around $1 equaling out to 3.37 dinar...something like that. Which is still a very nice jump from $1 equaling 1,170 dinar. basically right around $.30.
Any other questions feel free to ask
J
Hey . Rooster how are you getting your info?
Rooster... I have a question for you. Back when Iraq had that good rate you talk about. They only had about 20 Billion dinars. They now have over 27 Trillion according the Central Bank of Iraq and the IMF.
They have over 1000 times more dinar in circulation. Obviously they can't RI or RV back to that old rate unless they also reduce the currency supply back down to appox that old amount.
How are they going to do that?
Teddy... 50 cents to $1.25 makes sense?
Right now in the whole world. If you add all the currency in circulation from every country… all added together it’s about 5 Trillion dollars worth of currency.
Iraq has 27 trillion dinar in circulation. A RV of even 50 cents would give Iraq 13 Trillion dollars worth of currency. A $1.25 RV would give Iraq 34 Trillion dollars worth of currency.
That would mean Iraq would have about 3 to 7 times more currency in circulation, $ value wise, than the whole rest of the world combined.
And they would do this with a GDP, size of economy, about one tenth of one percent of the world GDP.
Does that make sense?
That's a very good question Stew, and I in no way am stating that I am a professional or have the Know all as you appearantly do. I'm also not assuming to know you personally but generaly speaking when one "asks a question" in the manner of debuncing another, usually means they are a "know all" type A personality.
My question to you is how much of that currency you speak of is actually in country?
You are leaving out the massive debt owed to other countries, businesses and further investors. Most of their "capitol" at this moment is thearetical wouldn't you say?
I'm only stating my views and opinions. This could, and if you're right with this theory, could mean another currency change to put a cap on it. But it has been clearly stated that if this is done it is complete economic failure. And with the billions invested from Asia alone, I would think they would have to sign off on another currency all together, which I don't see this happening.
Again I don't know exact figures, but I do know investors on a global scale i.e. country trade and forbes grade co.'s that are holding a debt over this country. I live here in Baghdad and this country is making strides specially over this last year. I'm just hoping the tribes can come to an agreement.
I believe we will have more info coming in over the next 2 months that will help define an answer and a plan or direction and action. The national treasurer is having meetings here in Baghdad this week to carry possible weeks with the CBI and IMF.
J
fyi Stew -- The US and Iraq have activated the Strategic Framework Agreement.
How much of the currency is in country? That’s irrelevant. The CBI has to back all the currency it issues whether it’s in the country or not.
“Most of their “capitol” at this moment is thearetical [sic] wouldn’t you say?” Huh???
Capitol is an asset. Iraq’s FX reserves, the dollars they get from oil sales. That could be considered capitol. Dinars… currency issued by the CBI is considered a liability. I hope you know the difference between an asset and a liability, because most involved with the dinar don’t know that basic concept.
I’m not sure… but I think you might have been trying to say that most of their money supply is electronic, and not hard currency. Even if you were saying that, it’s not right. The 27 Trillion figure is the amount of actual dinars the CBI has issued in circulation. If you add in the electronic money, bank account money and such. The figure is 60 Trillion.
You claim it has been clearly stated a new currency will be a “complete economic failure”. Who, other than dinar pumpers have ever said that? The other argument of countries that have already invested wouldn’t let them issue a new currency… that makes no sense at all. You’ll have to explain that one to me. Again it’s a made up lie buy dinar pumpers to have people believe there will be no lop… and obviously it’s working.
The “Strategic Framework Agreement”. I haven’t read that, but I’m going to assume it doesn’t call for a 100,000% RV of the Iraqi dinar.
Economics 101… Supply and Demand. Let’s compare the dollar to the dinar.
There are about 1 Trillion hard dollars floating around the world right now, and with electronic monies, it’s about 15 Trillion. So 1 and 15 Trillion are the supply numbers of dollars. The United States has a GDP of about $13 Trillion dollars a year. Many other countries use dollars for business. Most of the oil business is done in dollars. All together that is a MASSIVE demand for dollars and explains why even though we have 1 and 15 Trillion as the supply side of the equation, the value remains high… because of the staggering demand.
Now Iraq’s Supply numbers are 27 Trillion and 60 Trillion. Way higher than that of the dollar. But the biggest difference is on the demand side. There is practically no demand for dinars. Iraq’s GDP is $100 Billion, but about 80-90% of that is from oil sales which are in dollars. So the demand for dinars comes from 10-20 Billion dollar part of Iraqs economy that is dinar related. That is literally the pimple on the arse of a mountain.
So… using the total money supply numbers. Iraq has 4 times the supply. Yet the US has demand that is about 1000 times that of Iraq.
4 times supply with 1000 times less demand doesn’t come close to looking like a RV.
That means their currency would get crushed on the open market, the only reason it has the value it does is because they hold FX reserves in excess of 100% to back their currency.
If Iraq was to enter the WTO I assume they need a tradeable currency. Yet if the currency does not RI?RV I assume they can not join the WTO. If this is the case how can one say the change in value could go from 1-3 years?
If the Iraqi citizen was given FREE electriciy,water and food substance how would they maintain any lifestyle with the current worthless dinars?
Keylargo
WoW all this info is makeing my head spean so what your saying is my investment is not worth anything
This is going to be what could be called a dumb question but Im new at this and dont have the knowledge. If oil prices around the world are going up because the middle east problems and Irag is doing well with oil productions why cant that oil be used to help ease oil prices and also help Iraq move along financially. Please dont crawl up my rear just wondering as a beginner in this.
stew-
your information is very reasonable and consise. you sound very knowledgable in the ways of macroeconomics. in fact, i would happen to say that you are probably well educated and therefore i am not going to disagree with you.
i do have two questions for you:
1. how did you mean "There is practically no demand for dinars"? i would say since the dinar is the only form of currency in iraq, that provides the demand; unless iraq intends on converting to the us dollar. while their supply is high at this point, i dont think they will get rid of the dinar, will they? there may be some instability for the next few years while things get sorted out, but rampant inflation happens everywhere. and gets cycled out as the years pass (under a stable economy). that is where the IRD speculation comes in. its not a guarantee, but more of a gamble.
2. in the time it took you, an educated person, to read, think, research, and post comments on this site...and with your time being valuable and worth some sort of hourly earning rate...couldnt you afford to instead just spend the $180 to buy 100,000 dinar and hang on to it in the off chance that something outside the realm of your knowledge of the foreign markets happens? ever go to vegas? or play the lottery? i am not a huge investor in foreign currency. i dont even consider it an investment. speculation....plain and simple.
i welcome your response.
Rooster - have you been on dinar daddy's website or any other websites similar to that one?
Thanks
It is an investment...treat it as such.
Now see stew that is what I'm talking about, educating people! I love it. I still dont know how you have all this time to sit at this blog an talk about something that has no value. Strange that you would care about something that has no value.
And yet here you are posting about something that holds "no value"
Stew,
Can it be possible that the IMF Monetize's a countries assests (in or out of the ground) Iraq has 500 billion barrels of oil surveyed 2010 at $100 per barrel that makes iraq's worth at $50 trillion USD... Any comments accepted and encouraged.
I own dinar. Want to make that plain. BUT I do not believe it will RV. Before you start throwing stones I will explain. It can't RV because that would make it the richest country in the world. It could pay the US out of debt and have money to buy several more countries. BUT I am looking at is for it to gain in value. Even 1 cent would be a nice increase. It will when things get better because they have the resourses for it. So do it for that and don't have dreams of being rich over night.
ok here goes my ????. I AM A DUMMY. i know nor do i understand any of this. BUT; i bought some dinar when i was in iraq in 05. say i have a million??? someone back there in the comments said it may go for .50 to $1.25 does that mean my mil would be worth 500,000 to 1,250,000 dollars???? and when do u speculate this might happen?????
Treating this as an investment, what should i expect in return if and when the dinar RV's at $3.22?
Jim. Iraq does “monetize” their oil. They sell about 2.7 million barrels a day.
Monetize simply means to sell for money. If you sell you couch for $500, you have monetized your couch. Dinar dealers have used that word out of context for years.
Can they use oil in the ground as FX reserves is what you are asking. Answer… not according to the IMF. FX reserves have to be assets like Gold, Silver, Cash… things that can liquidated very fast. Oil in the ground doesn’t fall into that category.
But… let’s say they can. Like the dinar gurus claim.
So they have $50 Trillion in oil in the ground. 500 billion barrels.
At 2.7 million barrels a day, it will take 500 years get that oil out of the ground.
Even if they get up to 10 million barrels a day it will take 136 years.
So Iraq will need between 136 and 500 years to get that $50 Trillion.
The US GDP is 13 Trillion a year. In 4 years the US will do $50 Trillion.
Elliot… of course there is demand for the dinar. My point was simply that the demand is miniscule compared to the US dollar. The majority of Iraqs economy is oil sales. That’s done in dollars. It’s the non-oil part of Iraqs economy that demands dinars. That is very small at this point.
I use to have dinar. I bought into the hype. I then studied the fundamentals behind it and realized any talk of a huge RV is nothing but a scam to get people to buy.
I don’t spend much time on it. A few minutes reading and posting a day. It’s simply an interest of mine because I spent so much time years ago researching it.
I do by lottery tickets now and then. They do have a chance to make me a millionaire. The dinar has absolutely no chance.
Keylargo...
Many countries in the WTO have very low exchange rates.
Search for "list WTO members".
It's simply a pumper lie that Iraq has to RV before they can join the WTO.
Stew, you do sound very educated on the economics structure and it's obvious you have done your research. I will not say you are wrong by any means, because simply I do not know. Either do you though, claiming your opinions on here as fact doesn't make it so.
People, as long as you followed the golden rule of investing you shouldn't be too caught up in "pumpers", or get dragged down by "downers". The golden rule being DO NOT INVEST WHAT YOUR ARE NOT WILLING TO LOSE. It's that simple.
The only fact that there is out there is that NOBODY knows how this is going to pan out. I always tell people the same thing when I'm asked about Dinar Investment, do your own research, deduce what you take from it, and do what you will.
And yes Red, I used to go on Dinar Daddy a couple months back, but it just became redundant and repeditive. "Pumpers" pumping and "Downers" downing. I had to take a break, work picked up out here and then vacation. I will start making appearances again. Why do you ask?
stew-
i sincerely enjoy this back and forth as i am getting a great economics lesson much info from you much quicker than trying to cypher thru the 'pumpers' claims. i too enjoy finding accurate info and deducing my thoughts from there. i enjoyed this article...
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8488509
outlines the fact that oil pumping numbers will continue to rise in the future years.
however, even if it didnt, and even though the imf does not monetize the unpumped oil, here is my thought...
as oil needs rise with population over the next 5-10 years, and technology increases, iraq will not need the imf to catagorize the crude as monetized. and it will not matter how quickly it can get pumped out. it is simple supply and demand.
as demand increases, oil futures contracts will be sold for trillions to countries like china, the us, etc which i believe will turn iraq into another oil kingdom.
the pieces have to fall into place and it may take years. i dont believe in an instant rv, but hope for more of an increase in price in the coming years due to this.
and are you trying to tell me that you sold all of your dinar that you previously bought because you dont believe anymore? i dont believe it.
This is why I post about this scam. If I can keep one sinlge person from making a mistake like this... then I'm happy.
http://newsok.com/malcolm-berko-agrees-iraqi-dinar-deal-is-mistake/article/3543866#
I'm a broker with a major financial house and have a dear friend who lost his wife three years ago and his job 18 months ago, and may lose his home this year.
He's deeply in debt, and his only remaining asset is a $63,000 IRA from which he's been taking money to stay above water. An Internet currency firm has advised him to take half his IRA to invest in 30 million Iraqi dinars.
I HAVE SPEND THE AMOUNT i PUT IN DINAR MORE THAN ONCE JUST FOR FUN.
SO FOR NOW IT IS JUST LOTTERY TICKET NOTHING MORE GOOD LUCK TO ALL OF YOU
I have this simple comment. I invested in the dinar because. Scripturally, Babylon is prophesied will rise again true? Iraq is Babylon true?, The world as a whole is staging for a one world government and one world currency goes along with a one world government. If Iraq (babylon) rises to greatness again as prophesied then the currency could well be dinars (speculation here) Then I could have the means to survive (having enough dinars) all the prophesied calamities that have been fortold after trading my dinars for the supplies I need and heading for the hills. So speculating and investing my money I am just sitting back waiting for it all to happen and buying dinars when I can. Good luck to all!
The March 1st "must RV" date has come and gone. Another in the long long long list of lies perpetrated by dinar pumping scammers.
A great quote from the article I linked above...
"Central Bank of Iraq gleefully prints new dinars to sell to American schnooks like your friend. It brings U.S. dollars to an Iraqi economy in which the people who have money don't trust their currency."
Norm has the right idea. I have a few million dinar, but I would never characterize it as an investment. Its a speculation, or a gamble. Its fun. But it isn't an investment.
ok.. i am no expert. I have been to iraq and I have been to a history class.. Iraq is a poor digusting country. Partly due to the terrible leadership they have endured since God knows when.. So, with that in mind. We have eliminated that leadership. Who is in charge now? Terrorists.. Go ahead and attempt to drill for oil. When they read an American has an idea to make money off THEIR country, what will happen? They will do anything to stop it. Just like a roadside bomb.. Watch if they wont destroy an oil drill and the empoloyees which run such drill... Good luck making money off a country that has been beyond poor since the birth of Our Lord..did we win the war non terrorism? no we r leaving it... they will not let us come and drill in their land...
I'm considering a Dinar purchase, for long term maybe status only...As a very active stock trader -investor, I have a different take on the whole situation. As most people are aware, because we have been fortunate for the last 50 years to hold the worlds reserve currency, and as a result, oil is traded in US Dollars, which has allowed our political leaders to spend more money than we have, by simply printing more, but that's about to change. Some countries are already trading between themselves rather than convert to Dollars first. The overwhelming, and un-payable debt in the US is the No# 1 reason this is going to happen. Probrably sometime this year. When it does, our cheap oil will be a thing of the past. It will drive food and gas through the roof. The fact is the rest of the world is paying much higher energy costs simply because we happen to have the world’s reserve currency. Don’t think it could happen? It’s happened before. The UK sterling was the world’s reserve currency until they spent themselves into oblivion with vast socialist style programs, and we instituted the Marshal act, not much longer after they lost it. Things got so bad they didn’t even have electricity 24/7, it was rationed, and I’m talking about the early to mid 70’s. That's why Gold and silver are off the charts and about the head MUCH higher. Investors have lost confidence in our dollars and this countries willingness to live within its means. $2,500-even $5000 per OZ is not out of the question in my mind. I personally believe that by years end we will see civil unrest and food riots here in the US, so plant a garden, you may just need it! The Dinar could very well coming roaring back as it’s backed by Oil, whereas our dollars are backed by nothing more than a HUGE pile of bad debt. It’s also possible that when gold reaches 5k per oz, the US gov will be able to use that massive increase to pay off the debt.
Well, I just got scammed. Just in the last few days, a friend told me about this RV of the Iraqi currency and sent me info on it along with the insiders (pumpers)who got the goods on when it will happen. I let logic slide and low and behold March 1 has come and gone and no RV. Is dinartrade.com selling stock in their company???
Your math does not take into account fractional banking, nor does it factor in the other vast natural resources and lack of debt. You may also want to further read up on Petro dollars and the economics of oil.
Hopefully if your friends are invested they have done their own homework but I will repost it. You can also find out these answers from within this sight by doing some research. Most of the long time members and owners of the site will not take it as bashing if you take some initiative to learn the basics. Good luck!
How Fractional Banking Economics will allow a high RV
EXPLAINED:
First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.
What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.
What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.
If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.
Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.
Oil Now Enters the Picture:
At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.
How the CBI “RECAPTURES” the Money:
The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)
What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.
The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.
More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)
Other Factors that Strengthen Iraq’s Position and Ability to RV:
■DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.
■CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.
■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.
■Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.
There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.
So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:
■Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10
■Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.
■US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000
■CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”
■Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20
This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!
In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!
Hey Josh...you need to catch up brother...we are there drilling their oil already, and increasing the production as we speak. lol
I work in Baghdad, it is statistically more dangerous in some major cities in the U.S. than it is here now.
Terrorist do not run this country, as a matter of fact the prime minister just gave his people I believe to be a 100 day notice to ship up or ship out. The Tribes have called a cease fire while they negotiate % marks of the oil money.
They have officially opened Iraq to the world public for travel, business and such. The first charted flight into country from Europe took place almost 3 months ago.
They are seeing with open eyes what the oil wealth can do for their country for the first time...for their country and not their leader.
You need to catch up brotha lol
Awesome post by the way Tom
I'm with Tom! I believe there could be a win- win situation. We always get what we believe..Theres always another way to look at it..Think of it as charity! Were helping a "poor country" Thanks for the great post Tom!