This is an opinion piece from one of the readers of my blog. I thought Daniel pointed out relevant points and has an interesting perspective on this investment. In particular, as we approach the GCC meeting, I have begun to wonder whether Iraq really would RV prior to the GCC as was rumored. I realize that they do things last minute more than they do not, but there are still outstanding items (security ministries and full government formation, Kuwait issues, HCL, etc.) that are being reported as not done. You would think that for something as important as the GCC meeting they would RV. But, in my opinion, the sense of urgency isn't high enough and I don't get the sense Iraq feels it is important to RV prior to the GCC meeting. We still have time. So, it remains to be seen. I remain hopeful!
In any case, I don't want to summarize Daniel's email as I think it should be read in full, if you're interested in reading it. Thanks Daniel!
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The reason I share this, is to shed light on the amounts of money they are used to dealing with. They don't think about money the same way Americans do, simply because of the VAST quantities they are used to dealing with. There is no anxious movement, there is no "jumping the gun", nor "sweaty palms". This is everyday business to them to have access to these amounts, and they toss it around like pocket change, because to them - it is!.
The tie in-
If the GOI does NOT RV this week, I don't see them RVing until the deadline of the DFI funds. If you think about the Princes of Saudi and the mass amounts of wealth the share, they are going to make sure they maximize this opportunity and profit from it - keeping it in the family as much as possible. What better place to discuss it than at the Arab summit, with what better partners than the GCC family. I think this may be a slightly pessimistic view, but I guess what I am saying is that IF they aren' worried about RVing by the GCC meeting, then they aren't worried about RVing by the Arab Summit. If they aren't worried about RVing by the Arab Summit, then the next logical dates are to make sure they don't loose the funds in the DFI - which means June. Now that said, with Saudi showing that they over stated Oil reserves by 40% (Thanks Wikileaks) that means Iraq is truly holding the wealth of the ME nations. With this knowledge freely passed around between the Princes, they don't need a currency RV to deal with Iraq because RV or no, Iraq has the Golden Rule. "He who holds the Gold, makes the Rules." (Black Gold, to be more specific, and the Country is sitting on the worlds current "Gold Standard" ("Black Gold Standard" to be more specific).
I just personally think that if your friend came to you and said, "Hey my Facebook Stock is about to go public, and when it does kick in, you - my best friends and family, have the opportunity to vastly increase your wealth." you wouldn't be worried about meeting dates, or deadlines because you would have the "inside track". To think that the GOI, who in my opinion are puppets of the Princes of Saudi caught up with American power ploys, wouldn't give their brother nations (GCC and Arab Summit Countries) the "inside track" is foolish. This chess game is 20 years in the making and way bigger than a mere 8% of America hoping for tables scraps off the RV so we can pay off debt and buy shiny new toys.
Will it RV? I think that Trump's $30mill will tell you a definite YES. We are talking about America's hardest working wealth man. Trump would in NO WAY let $30mill sit LIQUID in CASH indefinitely. After all, it took Trump an estimate year to get his $30mill Dinar worth... where do you think it's being held? A safe in his bedroom? Under his mattress? Anywhere he puts it, it is in a WORSE situation that being in a standard low interest Savings account with a 1.9% annual return. Currently, Trump's $30mill is earning no interest.
That means to hold Dinar Trump is NOT earning
$30,000,000 x 1.9% = $570,000 (yearly)
$570,000 / 12 = $47,500 a Month
That's just bad investing, and Trump is not in anyway shape or form a "Bad Investor". People with his amount of money and power pay well to be informed (quote "Count of Monte Cristo") and I strongly believe that if Trump invested he would do it reasonably at the last opportune moment for his finances. In fact, if Trump invested in Dinar, than to me it says that it is 100% going to return on our investment. How much? Well if you look at the standard market gains of Bonds, CD's, Money Markets, High Interest Checking and Savings Accounts (5% return annually on the High Side), and Stocks, Commodities and Futures (18% return annually with a "B+" moderately conservative investment firm) - than anything over 5-18% return on investment in a year would be a good conservative gain.
But let me say that again, on a low side, Trump is NOT earning $47,500 a month on his Money. And you better believe if Trump has $30,000,000 in Dinar in an account somewhere it would be in a NON-INTEREST BARING account so that it is 100% FDIC insured and available 100% of the time so that when the RV does happen he can move at a moment's notice.
Personally, I think that Trump may be one of the reasons Ali at Dinar Trade made his "safe keeping" bank, but now I am jumping to conclusions.
We as Dinar investors are caught up in the American dream of becoming overnight Rock Stars and Paris HIltons, and are hoping that our $1000 will become $3,000,000. The gain on that in one year is a 3000% return on our investment - which in a conservative investment market is unheard of, if not even possible. The only place in America to make that kind of money is either in Penny Stocks, or a Dot com going public (like the imminent Facebook public trading, of which I actually know someone who holds stock and I am begging to get some... good luck to me on that one).
I hope to God that the 15th is our RV day because I would love to start the next phase of my life, and start my own Trump'ish empire. I just think that people don't know the minds of the ME, and our schedules and our ideas of acceptable operating policies and procedures have absolutely ZERO to do with what is going on in the ME.
Great post! Thanks for sharing!
ReplyDeleteTrump didn't buy 30 Million of Dinars...LOL. That was posted by a site selling dinars. It was made up.
ReplyDelete