Investments for the Willing

In years past I have made investments and have experienced the good and bad. Just like anything never risk anything that you can't loose. This group is about sharing concepts and ideas during these trying economic times.

Members: 11
Latest Activity: Nov 3, 2014

Discussion Forum

Some Explanation

Started by Nathan Giffin Vertical Artisans. Last reply by Nathan Giffin Vertical Artisans Aug 22, 2011. 6 Replies

First off, I’ll use the exchange of a 10,000 IQD (Iraqi Dinar) 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 (US Dollar)…Continue

Here is a site to purchase Dinar with Vertical Artisans Discount

Started by Nathan Giffin Vertical Artisans Jul 29, 2011. 0 Replies

Here are the details of the Vertical Artisans (Artisans) Deal: ·         Minimum Order to Qualify:  250,000 Dinar ·         Discount:  You get a $10 discount when you order and mention (Artisans)…Continue

Iraq has some of the worlds biggest Oil Reserves

Started by Nathan Giffin Vertical Artisans Jul 2, 2010. 0 Replies

Read this article Click HereArticle #2…Continue

Comment Wall

Comment by Jeff Bonick on August 3, 2010 at 5:08pm
Tim. I don't think speculation has much to do with it. It appears to me to be just a matter of timing. When it happens, it happens. It's just a matter of time and how much their currency re-values.
Comment by Tim Meger on August 4, 2010 at 1:35am
ok.. thank you both for sharing your insight...
I was reading about this all morning as I just discovered your post early this morning and found a comment that I felt was quite telling;
"In weighing whether buying dinars is a sensible move, Lyons believes investors need to consider political factors more than economic ones. Simply stated, if one believes the current chaos engulfing Iraq will eventually be replaced by a stable, effective government, then the dinar ought to be a good buy. If turmoil continues, even the vast reserves of oil under Iraq's sands probably won't be enough to prop up the dinar." (Richard Lyons, a finance professor at the University of California at Berkeley's Haas School of Business.)

I then spoke with a good friend of mine who is constantly watching the world news and asked him, NOT what he thought about investing in Dinar, but what his prospects for a stable Iraq in the near future were and he said, "not likely".
He cited the pulling out of the UN and USA troops on the deadline of Aug 30 as being the beginning of assassinations of political persons there as well as various sect groups rising up and bullying the rather fragile government that is in place there at this time.
I was personally shocked to hear that the US is serious about pulling out but he says Obama has committed himself to it and seems to be sticking with that commitment!
I cannot personally see the USA leaving iraq as being good at this time.
Well... ok, good for Americans, NOT good for Iraquis!

So im left scratching my head on this one...

Nathan... If you had $10,000 USD to invest, would you be willing to risk it all on this? Are you THAT confident that there will be a return?
Comment by Tim Meger on August 10, 2010 at 1:44pm
Well its been a few days and I havent stopped thinking about this opportunity so far since.
The issue in my mind seems to be centered around the fact that there are so many sides vying for power in Iraq that some recent commentators have even speculated that as soon as the USA pulls out (leaving behind a 50k member "peacekeeping force") that Iraq may be in for another civil war.
This of course will only further serve to delay any rebounding of the dinar, and opens the possibility that if any one faction becomes victor, they could declare the current dinar to be worthless and issue a new form of currency. (I believe this has already happened in the post-Saddam era)
So please guys, if you would, Am I missing something here?
IF things were stable at this time and the dinar rebounded to $1USD or greater then OF COURSE I would want to be on board for a piece of that action!
But that seems to be a very long ways off from my perspective; so again, is my perspective incorrect? Is there something I am not seeing?
Or is it simply that I am thinking too short term with this?
Is this more of a "Long-Term Holding"?

A slightly seperate question is; Who is responsible for determining the "Value" of a dollar vs. a dinar? Does the bank of Iraq have that power or is the rate set by the World Bank and what criteria is used to determine what the value of a currency is?

I eagerly appreciate any feedback and comments.
Comment by Nathan Giffin Vertical Artisans on August 11, 2010 at 9:20am
There is so much history and rule of law that needs to be explained here.
IMF, GOI and UN determined the rate back in last December 2009
Is a good source for rumors and data. is a good source for documented history.
I still feel that the dinar will re-evaluate this year.
And once again put a hundo ( $100 ) at it and just watch what happens.
Its may be a long term investment but the returns are so good why not.
Comment by Nathan Giffin Vertical Artisans on August 27, 2010 at 1:10pm
Also, if you search the IMF website for currency revaluation, then there will be a study come up as a hit that was done by the IMF concerning currency revaluations that took place in Southeast Asia a number of years ago. The study talks about the problems the an rv creates, specifically inflation. The gist of the study makes the following recommendations:

1. Before a nation rv’s its currency it must bring in massive amounts of goods to keep the supply in line with the inevitable increase in demand due to the people’s increased buying power. (Iraq has been bringing in huge numbers of container ships with goods that are in violation of Chap. 7 guidelines, but it makes sense that the UN would allow them to do this in order to prpare for an rv.)

2. The nation preparing to rv needs to reduce its inflation rate to as low a number as possible due to the inevitable rise that will occur post rv. (We have all seen the GOI complain about high inflation rates even though their rate of inflation is comparable to that of western nations. It makes sense that they would complain when looked at through the prism of this study’s recommendation.)

3. The nation preparing to rv needs to reduce its interest rates to as low a number as possible pre rv in order to stave off inflation post rv. (Iraq has steadily been reducing its interest rates. Economics 101 tells every undergrad that in order to reduce inflation, the first thing you do is raise interest rates to tighten up the money supply. People save more when interest is high and money can be removed from circulation during this time, raising its value, thereby reducing inflation. Iraq needs its interest rates to be as low as possible so that it can raise the rates when needed without going the Carter/Reagan 20% range. They don’t want to stifle spending to the point that it slows the inevitable boom to their economy.)

Just thought you might want to know this info. The container ships never meant much to me until I saw this study. Now all of this stuff is making sense, especially when you look at the CBI auction info, the proposed legislation in the House, Obama speaking to the nation from the White House about Iraq, the mention that the GOI will be formed soon on Fox News, etc.

Data taken from
Comment by Nathan Giffin Vertical Artisans on October 28, 2010 at 9:16am
There is a good possibility that the prime minister will be announced on Monday. This is the last step in the formation of the government. The next thing to watch for is the lifting of Chapter 7. Chapter 7 lifted means re-evaluation.
Comment by Nathan Giffin Vertical Artisans on October 29, 2010 at 12:24pm
Iraqi Currency Redenomination and Exchangeability

There have been a tremendous number of inquiries about the recent news that Iraq will be increasing the value of their currency and, at the same time, introduce new denominations into the Iraqi economy sometime in 2010 (currently planned).

Specifically, it has been reported that the Iraq Finance Minister issued a statement saying they have prepared a plan to increase the value of the dinar against the dollar and will introduce 25, 10, 5, 1, 1/2, ¼, and smaller (possibly 1/10 or 1/20) dinar banknotes and/or coins. He said that successful fiscal policies pursued in Iraq have contributed to increasing the value of the Iraqi dinar against the dollar, noting that the U.S. Dollar dropped significantly in value during the current year. Of note, he also said in a press statement that the bank has been following with great interest the phenomenon of low demand for the U.S. Dollar in the local Iraqi currency exchange markets.

Mudhhir Muhammad Salih, a member of a Central Bank advisory panel, said by the end of 2010, new banknotes will be fully introduced while the current banknotes will be gradually removed from circulation. He did not specify when the new banknotes would be issued. Both (current and new) denominations will be legal tender in Iraq until the current banknotes are completely withdrawn over a period of time.

Economic analyst Hilal al-Tahhan was quoted as saying “the bank’s move is overdue.” He said he expects the currency change to go smoothly because of the decision to allow both the current and new banknotes to coexist during an extended exchange period, leading to less turbulence in the economy.

What does all this mean? Overall, this news appears to be very positive and possibly points to some significant changes in the value of the Iraqi Dinar. It has long been the opinion of many Iraqi Dinar investors that the Iraqi Government must introduce new lower denominations into their economy before the value of their currency increases. If the value (buying power) of the dinar increases significantly or rapidly, the larger denominations currently in circulation would be impractical for use during everyday transactions in the Iraqi economy.

If the Iraqi Dinar increased in value to 10 cents (.1 USD), the smallest banknote in Iraq would have a value of $5 USD. There would no practical way to purchase everyday items in the economy and no way to make change—the currency would be impractical and unusable. If a soda in Iraq has a value of 50 cents now, it will still have a value of 50 cents if the value of the dinar increases—there has to be a denomination in the Iraq economy to pay for it. The current problem is that Iraq doesn’t have any currency in circulation to pay for normal day-to-day products if the dinar rises significantly in value—Iraq must have smaller denominations moving forward.

Also from the recent news, it appears as though all denominations (current and soon to be issued) will be in circulation at the same time and no immediate exchange will be necessary. Hopefully, theIraqi Dinar will be on the world exchange market soon to allow for even easier exchange in the near future. Expectations are that Iraq is moving as fast as they can to rebuild their economy and wealth, and join the international economic community.

There have also been rumors about the future exchangeable value of some current Iraqi banknote denominations, and limited time periods for exchange of current Iraqi banknotes. It has been falsely rumored that perhaps the 25,000 dinar banknote will be exchanged at a different exchange rate than current smaller Iraqi banknotes.

Another false rumor suggests there will be a very short period (days or weeks) of exchange for the current Iraqi banknotes after a significant change of value and introduction of lower denominations .

Well, to address these rumors, let’s look at currency from a basic level: Countries issue their own currency. They issue their currency with a responsibility to honor it and redeem it. The currency must be accounted for. When a country issues currency (the US as an example), they borrow against the currency and issue debt to support it. The US recently printed a significant amount of currency in order to finance stimulus funding. In order to do this, the US government had to borrow the money with an obligation to pay it back.

One of the main functions of the US Treasury Department is to manage the U.S. national debt (the amount of money which the federal government owes to its creditors). China owns much of our debt as do US citizens and other countries—we must honor our issued currency and our debt. If a country doesn’t honor its debt, creditors (other countries and investors) lose faith in the defaulting country and a country will end up in financial ruins. Iraq, as a responsible member of the world economic community with a goal of getting their currency online with the rest of the world currencies, has issued currency with an obligation to honor it—-all of it—not just certaindenominations.

Throughout modern history, I can’t think of one instance where a country honored some denominations , but not others—it doesn’t make sense—people and other countries would lose faith in that country’s responsibility to respect their debt and honor their issued currency—who would trade with them, exchange with them, or conduct business with them? To limit the time period for currency exchange in order to force the de-valuation of currency in circulation in order to reduce debt doesn’t happen and wouldn’t be tolerated by the world financial community.

Countries have to be accountable for all of their currency and they can’t play games with exchange timelines to try and prevent people for exchanging. Remember, in addition to individual investors, large governments and banks outside of Iraq hold Iraqi currency. Money from all over the world has flowed into Iraq through the purchase ofIraqi Dinar . The Iraqi Government will honor that investment in their economy, or there will never be faith in their economy and they will never be accepted by the world financial community.
Comment by Nathan Giffin Vertical Artisans on October 29, 2010 at 5:44pm
I like this web site for general data on this investment...I really think we are close....
Don't believe everything you read...there are some flacks out there. However this site covers most of the data out there.
Comment by Nathan Giffin Vertical Artisans on November 24, 2010 at 10:08pm
Please consider this investment.

Conference Call Live Recording
Comment by Nathan Giffin Vertical Artisans on November 25, 2010 at 12:00pm
Iraq has their Prime Minister
Read Here
That's good for us...RV soon


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