Comment by Jeff Bonick on January 8, 2011 at 1:28pm

This caught my eye: Why, after 4 years this Shiite cleric Muqtada al-Sadr chose now to come out of hiding. They have 40 seats in the new parliament and he is very anti American and very popular with his people. Maybe he smells blood and is looking for a power grab or he just want's to screw things up. Either way he knows something important is about to happen... I hope its good news!

You can read the story here:

http://www.foxnews.com/world/2011/01/07/police-iraqi-family-slain-p...

Comment by Nathan Giffin Vertical Artisans on January 12, 2011 at 12:06pm

This was a recent posting.   A story out of a Kuwait bank.

 

The Story Behind the Doha Bank in Kuwait

I had an extended conversation with a Peoples Dinar Member who wanted to remain anonymous.

Here is what we concluded:

1. As we all know, Kuwait wanted to be paid in pre-RV Dinar for reparations.

2. Iraq could not pay Kuwait in pre-RV Dinar.

3. Iraq allegedly did best next thing.

4. Iraq allegedly leaked the rate and date to Kuwait.

5. Doha Bank, allegedly acting on behalf of Kuwaiti Govt, bought IQD at rate of 35cents per IQD knowing the true rate and date.

6. Doha Bank/Kuwaiti Govt had a twenty-four hour window to complete this transaction.

7. IQD was listed on Doha’s site for twenty-four hours and is now down.

8. Doha Bank ONLY bought IQD from Kuwaiti citizens, for 35cents per IQD, who had minimum of $100,000 acct with Doha bank.

9. When Kuwait sells the Dinar they purchased at 35cents per IQD they will make BILLIONS based on the new rate.

10. In the end, Kuwait got what it wanted all along from Iraq!

11. As anonymous said – smooth as a baby’s a$$.

Confirmed:

1. That 35cent rate was on Doha Bank site for 24 hours.

2. That Doha Bank only offered the deal to Kuwaiti citizens who had minimum $100,000 acct with Doha Bank.

3. That Kuwaiti Govt wanted to be paid in pre-RV IQD.

4. That there were long lines at Doha Bank these past twenty-four hours and that Americans could not get past the receptionist.

Speculation:

1. That Iraq gave Kuwait this window of opportunity.

2. The Kuwaiti citizens who cashed-in for 35cents have 100′s of Millions of IQD, or more, and did so for some quick USD petty-cash.

3. The big boys will play with the RV first and make Billions; and then it will be our turn – soon!

Comment by Nathan Giffin Vertical Artisans on February 24, 2011 at 9:57am

Listen to this interview.

Comment by Jeff Bonick on February 24, 2011 at 8:02pm

Is this the March 2nd show or a past one cuz all it shows is the future show?

Comment by Nathan Giffin Vertical Artisans on March 11, 2011 at 11:50pm

Please Read

Please Read

 

Comment by Nathan Giffin Vertical Artisans on April 22, 2011 at 11:16pm

All,

Many have asked for my opinion about the “3 Zeroes” articles that have been making their way around… AGAIN… It appears every time Iraq needs to boot a few speculators, they circulate those articles around again.  And in this case… it is… AGAIN…

So, I’ve taken the liberty to discuss the “3 Zeroes”, Re-Denomination, LOP-talk, Revaluation, Devaluation, and Slow-Growth.

Here’s a link to one of those articles I’m referencing about the “3 Zeroes”:

---

Iraq Central Bank ‘To remove 3 Zeroes from Dinar” | Iraq Business News

http://www.iraq-businessnews.com/2011/04/14/iraq-central-bank-to-re...

---

Here’s my take on all the possible directions I’ve read from others that an investment in the Iraqi Dinar can end up.  Though, I must say, in my opinion (and that’s all any of this is) there are really only a couple of options that make logical sense, or are in fact even probable/possible.  I’m leaving a LOT off the table in this post, as the purpose is nothing more than to define the differences between investors’ takes on this confusing discussion, and to create some talking points and structure around this topic.  Again, I give my opinion or take, but that’s all it is:

Scenario #1 – LOP

• What is this? This is a term used to describe cutting off, or lopping off zeroes from a currency.  This the most extreme of situations, and is done to a currency when a devaluation is typically at play.  Zimbabwe had this happen to their currency when they too off 6 or 8 zeroes when their people were carrying around TRILLION DOLLAR NOTES!
• What are the conditions that would typically create this? This, historically, has ONLY happened when a country has had hyper-inflation, a depressed, out-of-control economy, and typically an equally unsettled government.
• Here’s an example: The Iraqi Dinar, which currently sits at .00086 of a single US Dollar, would have the 3 zeroes removed… AND… there would be NO VALUE GIVEN to the new bills.  In other words, a 25K note would now be a 25 Dinar note, but the 25 Dinar note WOULD NOT be worth what a 25K note is currently worth.  It would be worth what a 25 Dinar note is worth BEFORE the LOP, thereby making it a DEVALUATION of the currency, but still taking the 3 zeroes off the bills.  This would not an even swap, and with all that Iraq has worked for, the true definition of a LOP doesn’t seem possible at all.
• What do I believe is the possibility of this happening? ZERO! This is NOT possible?  Why? It never has and never will exist in the world of economics.

Scenario #2 – LOP/RV

• What is this? For all intents and purposes, this is the same as a LOP above.  The ONLY difference is that they would, after having DEVALUED the currency through the straight-up LOP scenario described above, they would then REVALUE it to whatever value they feel it would best fit in comparison to the other currencies of the world.
• What are the conditions that would typically create this? Same as the LOP scenario above, only they would apparently feel it needed a greater adjusted value.
• Here’s an example: The Iraqi Dinar, which currently sits at .00086 of a single US Dollar, would have the 3 zeroes removed… AND… there would be NO VALUE GIVEN to the new bills. In other words, a 25K note would now be a 25 Dinar note, but the 25 Dinar note WOULD NOT be worth what a 25K note is currently worth. It would be worth what a 25 Dinar note is worth BEFORE the LOP, thereby making it a DEVALUATION of the currency, but still taking the 3 zeroes off the bills. They would then increase the value of a single Dinar against the US Dollar, along with other currencies, based on the Post-LOP value, not the Pre-LOP value.
• What do I believe is the possibility of this happening? ZERO! This is NOT possible?  Why? It never has and never will exist in the world of economics and world currencies.

Scenario #3 – RE-DENOMINATION

• What is this? This is a term used to describe replacing the current outstanding and circulating currency with lower denomination bills, but retaining the current value of the larger bills.  This is both a re-printing of the current currency to introduce smaller denominations for ease-of-use in transactions, and ease-of-introduction into the world economy.  25K notes would be replaced by 25 Dinar notes, and they would be worth the exact same value, potentially even co-existing for a time before the larger notes were phased out.
• What are the conditions that would typically create this? Where the country has a large amount of outstanding currency that it can’ t either support or back or afford.  The country needs more simplicity in the currency, but doesn’t wish to add to their outstanding money supply, so they shrink the bill sizes outstanding but give them the same value as the larger notes.
• Here’s an example: The Iraqi Dinar, which currently sits at .00086 of a single US Dollar, would have the 3 zeroes removed… AND… the value of the larger denomination bills would be given to the new lower denomination bills. In other words, a NEW 25 Dinar lower denomination note would be worth the SAME as the larger denomination note Pre-Re-denomination. It would be worth what a 25K Dinar note was worth BEFORE the Re-denomination, thereby making it a replacement of currency with no gain, but still taking the 3 zeroes off the bills, and giving the country an entirely NEW CURRENCY. This WOULD be even swap, and with all that Iraq has worked for, the true definition of a Re-denomination doesn’t seem probable without an increase.
• What do I believe is the possibility of this happening? SLIM!

Scenario #4 – RE-DENOMINATION/RV

• What is this? For all intents and purposes, this is the same as a RE-DENOMINATION described above.  The ONLY difference is that they would, after introducing a new lower denomination currency through a straight-up pass through value Re-Denomination scenario described above, they would then REVALUE it to whatever value they feel it would best fit in comparison to the other currencies of the world (i.e. 3x, 5x, etc.).
• What are the conditions that would typically create this? Iraq’s situation does fit this scenario, and this could be a possibility if the world’s governing bodies didn’t need the economic boost.
• Here’s an example: The example would be the same as above describing the RE-DENOMINATION.  So, a 25K Note would now be worth $25, but represented as a 25 Dinar note instead.  Then, a revaluation of let’s say $4 would then make the value of the 25 Dinar note be worth $100.  In essence, this would be an investment scenario where investors would receive 4 times their money (in this example anyway).
• What do I believe is the possibility of this happening? It’s a legitimate possibility that everyone should at least be prepared to consider regardless of how convicted they are with other rumors, intel, or info.

Scenario #5 – STRAIGHT-UP REVALUATION (INSTANT RV)

• What is this? This is a term used to describe increasing the value of a nation’s currency against those of other nations.  Thereby, increasing the purchasing power of that currency when compared to other nations.  In the case of the Iraqi Dinar, it means the IQD will rise in value significantly and immediately when compared to that of other currencies.  This is what MANY are hoping will happen with the Iraqi Dinar, and what the rumors are all talking about.
• What are the conditions that would typically create this? The country has a very low valued currency, has the economy, projected economic growth, natural resources, and a stable government to back such a drastic move.
• Here’s an example: The Iraqi Dinar, which currently sits at .00086 of a single US Dollar, would literally change overnight.  It would go from being worth .00086 worth of a single US Dollar to being worth .50, or $1, or $2, or $3+ a single dollar.  What does this mean for an investor who holds 1 Million Dinars (approx worth $1000 USD)?  It would mean that person, who invested approx. $1,000, would have a new-found wealth of $500,000, or $1,000,000, or $2,000,000, or $3,000,000.
• What do I believe is the possibility of this happening? This has always been the accepted reason so many have invested in the Iraqi Dinar. News reports would have us believe this is not possible.  I myself (logically speaking) feel the probability of this scenario is small due to the massive influx of currency throughout the world.  However, I am torn, as the information I’ve always received about this has ONLY stated this would occur, and NOT any of the other scenarios.  So, I remain a believer in this as a possibility just as I am open to other scenarios happening. I’ve been told things that are too complicated to explain in a post that make sense as to how this can happen.  One of those was what I put together with Breitling in a post titled, “Making Sense of the Numbers“.  You can access it by clicking HERE.

Scenario #6 – STRAIGHT-UP REVALUATION (GRADUAL GROWTH RV)

• What is this? This is a term used to describe increasing the value of a nation’s currency against those of other nations. Thereby, increasing the purchasing power of that currency when compared to other nations. In the case of the Iraqi Dinar, it means the IQD will rise in value over a period of time when compared to that of other currencies. This is what MANY have suggested will happen with the Iraqi Dinar, but is NOT what the rumors talk about, which all speak to a more instant and larger revaluation value.
• What are the conditions that would typically create this? The country has a very low valued currency, has the economy, projected economic growth, natural resources, and a stable government to back a definite increase, but time is needed to both remove the larger denominations from circulation, and to destroy such notes (take the money out of circulation) to prevent inflation and other problems that will rise when increasing a nation’s currency consistently over time.  This would be the more careful approach to what is being suggested above with a significant and instantaneous increase.
• Here’s an example: The Iraqi Dinar, which currently sits at .00086 of a single US Dollar, would literally change overnight. It would go from being worth .00086 worth of a single US Dollar to being worth  500 Dinars to 1 USD, then maybe 250 Dinars to 1 USD, then 100 Dinars to 1 USD (penny), then 10 Dinars to 1 USD (dime), then .50 cents and so on. What does this mean for an investor who holds 1 Million Dinars (approx worth $1000 USD)? It would mean that person, who invested approx. $1,000, would have a new-found wealth of $2,000, or $4,000, or $10,000, or $100,000, or $500,000 (based on the scenarios above).
• What do I believe is the possibility of this happening? This has been a legitimately discussed way they will increase the value of their currency for the entire time I’ve been in it.  I’m open to this being a gradual growth process.  I guess we’ll just have to wait and see.

This was taken from Dinar Daddy

Comment by Tim Meger on April 23, 2011 at 12:58am

Thanks Nathan for the update

Comment by Nathan Giffin Vertical Artisans on April 29, 2011 at 10:18pm

Dinar Daddy Tidbits

 

Starting at 0:54 minute marker..

Comment by Nathan Giffin Vertical Artisans on June 19, 2011 at 8:16pm

Watch this video starting at the 5 minute mark.

http://www.youtube.com/watch?v=fOHNWYPUMvw

Comment by Tim Meger on June 20, 2011 at 3:50pm

Thats very encouraging news, thanks for posting that.

Comment

• ‹ Previous
• 1
• …
• 3
• 4
• 5
• 6
• 7
• …
• 9
• Next ›
• Page