Highlights/Thoughts
Click on title of this posting to get to the details of the article (PD membership required)
1. Met with Chase bank. To his knowledge the tellers and managers have not yet been notified of the Dinar
2. Steve is researching the Jordan bank information (seeking to confirm or debunk)
3. Steve verifies contacts by meeting them in person or spends considerable amount of time on the phone with them
4. Has 3 new sources that he would like to share information with
5. Has a few sources that are considered higher ups and cannot reveal who they are or where they work. Will make it challenging to share information.
6. He is confident in this investment
Friday, January 14, 2011
1-14-11 Jordan bank confirmation from Frank26
Highlights/Thoughts
1. Terminated 8th study of the Jordan bank rumors (there are 10 studies in total)
2. Contact in Jordan confirmed the rate with Jordan bank. They claimed $3.22 is a valid rate
3. Frank will send many IQD to Jordan. Assuming Frank will be cashing it out in Jordan.
Side note: Frank says his team found the 2011 budget, and it includes the rate. The rates displayed are $3.284 and $3.279.
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1. Terminated 8th study of the Jordan bank rumors (there are 10 studies in total)
2. Contact in Jordan confirmed the rate with Jordan bank. They claimed $3.22 is a valid rate
3. Frank will send many IQD to Jordan. Assuming Frank will be cashing it out in Jordan.
Side note: Frank says his team found the 2011 budget, and it includes the rate. The rates displayed are $3.284 and $3.279.
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Validation about Jordan from Frank: The eighth study that we have recently have terminated is of a Lebanese man whose father passed away in Jordan. While he was attending his father’s funeral yesterday he learned of the commotion with the IQD and he went into the Jordanian bank to inquire. The bank people said yes sir we can exchange your IQD at 3.22. He asked is this the new rate for the IQD? Their response……..”It is a VALID rate Sir.” My plans are to send him many IQD’s with a pilot friend of mine that can get it to him very quickly. I will share next week more on this study.
1-14-11 Recap of the days events/postings
Facts:
Rumors:
13. TK rumor
16. Chase bank rumor
Where Are We At?
1. Once again, we see today that Biden is driving closure to the issues preventing Iraq from exiting the remaining sanctions in Chapter VII. Iraq and Kuwait must agree on the border issues and the compensation files. It appears that the US may step in and handle the compensation files (pay Kuwait), but that is speculation on my part. There are some articles that to me appear to suggest this. Your interpretation may be different. In general, I saw a number of articles today about Biden and meetings with Iraqi officials. Things are moving forward.
2. As it relates to the National Security positions being filled and closed out, and to the official government announcement, there was an article that suggested the National Security positions would be filled before March. If you assume that this constitutes completion of the GOI and that a formal announcement will follow, then we can assume that this will happen before March. If you also assume that Shabi’s statement about redenominating will happen directly after government formation, then you will see that happen before March. If you’re in this camp, then you probably don’t believe all the news about the RV happening in the ME with Kuwait and Jordan banks.
3. Lots of rumors today. Most are saying next week for cash out and there were plenty of bank rumors today with some claiming US banks will cash out. I know for a fact that the Chase bank rumor was debunked. We also saw more confusion over whether the Kuwait and Jordan bank information was either true or not. You’ll have to decide for yourself which you want to believe. The best of the rumor postings is related to the discussions about how this may be a slow rollout of the RV. I suggest you take the time to read the discussions. Good stuff.
What’s left?
1. Reading of the budget for the second time.
2. Closure on Security positions (5 in total)
3. Formal announcement of government
4. Announcement of agreement on outstanding Kuwait issues
5. Lifting of Chapter 7
6. RV/RI
2. Closure on Security positions (5 in total)
3. Formal announcement of government
4. Announcement of agreement on outstanding Kuwait issues
5. Lifting of Chapter 7
6. RV/RI
What’s It All Mean?
1. Things are still moving forwards as it relates to Iraq getting out of Chapter 7. There were a few articles related to the US wanting to see Iraq out of Chapter 7 and others that said Kuwait would not stand in the way of Iraq getting out of 7.
2. As it relates to all the banking activity in the ME, we must still wait to see our rate here. In the interim, the best we can do is watch the rumors fly in regarding this and decide for ourselves if the information is true or not. If you’re like me, an absolute confirmation would make me feel really great that things have truly started. Then, I can buy into the slow rollout approach. I’m not saying I don’t buy into any of it, but the jury is still out since I’ve seen some conflicting information. I am, however, hopeful!
1-14-11 Confirmation of $3.22 rate on OANDA
Highlights/Thoughts
1. This comes from someone who appears to have been on a live chat with an OANDA support representative
2. The support representative confirms that the $3.22 rate is correct
This is related to the FXLookup feature in OANDA. I talked with them earlier in the week about this and they said that the rate wasn't right. The person told me that it was likely matching to an old rate and that they'd have to update the chart if it wasn't right. The good news is that the rate hasn't changed.
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Please wait for an agent to respond.
You are now chatting with ‘OANDA’
OANDA: Hello. How may I assist you?
xxxx: Hello.
xxxx: I was at your site and pulled up these results for this currency
xxxx: fxlookup. Iraq. Iraqi dinar US (.3109)
xxxx: can you help verify if this is correct.
OANDA: One moment please.
xxxx: ty
xxxx:http://www.oanda.com/cgi/fxlookup/CurrencyInfo.pl?currencyCode=IQD
xxxx: Here’s the link
OANDA: Yes, that’s a valid output.
xxxx: Ty goodbye
1. This comes from someone who appears to have been on a live chat with an OANDA support representative
2. The support representative confirms that the $3.22 rate is correct
This is related to the FXLookup feature in OANDA. I talked with them earlier in the week about this and they said that the rate wasn't right. The person told me that it was likely matching to an old rate and that they'd have to update the chart if it wasn't right. The good news is that the rate hasn't changed.
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January 14th, 2011 03:17 pm
Thought this would encourage our fellow investors. Please remove my name or Any identification pertaining to this email. Feel free to post !
This is not a rumor. First hand WRITTEN verification.
Iqd = $3.22. Exchange rate
Please wait for an agent to respond.You are now chatting with ‘OANDA’OANDA: Hello. How may I assist you?
xxxx: Hello.
xxxx: I was at your site and pulled up these results for this currency
xxxx: fxlookup. Iraq. Iraqi dinar US (.3109)
xxxx: can you help verify if this is correct.
OANDA: One moment please.
xxxx: ty
xxxx:http://www.oanda.com/cgi/fxlookup/CurrencyInfo.pl?currencyCode=IQD
xxxx: Here’s the link
OANDA: Yes, that’s a valid output.
xxxx: Ty goodbye
1-14-11 Jordan bank confirmation
Highlights/Thoughts
Another confirmation from someone in chat at DD
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(Jan 14-15:17) *****: ******i was explaining that i talked to my person that is associated with dinar trade and he explained that in Jordan they are exchaging only to there ppl at 3.10 so they called with someone else on a conference call to the bank and they confirmed that
Another confirmation from someone in chat at DD
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(Jan 14-15:17) *****: ******i was explaining that i talked to my person that is associated with dinar trade and he explained that in Jordan they are exchaging only to there ppl at 3.10 so they called with someone else on a conference call to the bank and they confirmed that
1-14-11 Conscious / Abdul Karim Hattab: It is not in the interest of Kuwait to be an obstacle to remove Iraq from Chapter VII, 12/1/2011 4:16 pm
Highlights/Thoughts
Click on the title of this posting to get the details of the article
This article is stating that Kuwait will not stand in the way of Iraq getting out of Chapter 7. This is good because right now the reason why Iraq isn't fully out of 7 is because of Kuwait (border and compensation issues). It's good to get affirmation from Kuwait that they will not stand in the way, however. Especially given that Biden is there to help workout the issues with Kuwait.
Click on the title of this posting to get the details of the article
This article is stating that Kuwait will not stand in the way of Iraq getting out of Chapter 7. This is good because right now the reason why Iraq isn't fully out of 7 is because of Kuwait (border and compensation issues). It's good to get affirmation from Kuwait that they will not stand in the way, however. Especially given that Biden is there to help workout the issues with Kuwait.
1-14-11 Chase bank rumor
Highlights/Thoughts
1. Chase said they would exchange at a rate of $3.00
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My husband and I work in xxx, for xxxxxxxxxxx. Nearly everyone in our office have bought Dinars and are constantly seeking information. One of my coworkers has a sister-in-law and niece who live just outside of Orlando, FL, who also own Dinars but follow another site. Naturally the two families compare Intel.Yesterday his niece called Chase in her town. She asked the assistant manager if she would be able to cash her Dinars when they revalued. He asked her how much she owned and she told him 250,000 Dinars. He put her on hold and when he came back he told her that her Dinars would be worth over $750,000 USD. She asked if she could come in to cash out and he told her that they knew the rate but must wait for the announcement to begin cashing in customers. This sounded very positive to all of us in our office. Hope it does to you too. NOT MY FAMILY RUMOR FROM RUDY'S SITE
1. Chase said they would exchange at a rate of $3.00
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My husband and I work in xxx, for xxxxxxxxxxx. Nearly everyone in our office have bought Dinars and are constantly seeking information. One of my coworkers has a sister-in-law and niece who live just outside of Orlando, FL, who also own Dinars but follow another site. Naturally the two families compare Intel.Yesterday his niece called Chase in her town. She asked the assistant manager if she would be able to cash her Dinars when they revalued. He asked her how much she owned and she told him 250,000 Dinars. He put her on hold and when he came back he told her that her Dinars would be worth over $750,000 USD. She asked if she could come in to cash out and he told her that they knew the rate but must wait for the announcement to begin cashing in customers. This sounded very positive to all of us in our office. Hope it does to you too. NOT MY FAMILY RUMOR FROM RUDY'S SITE
1-14-11 ME Bank news can't be true....
Highlights/Thoughts
1. Florida Dinar is making the point that the bank information in the ME cannot be true because the risk of RVing now with no clear understanding of when Iraq my RV is too high
2. Currency markets would be chaotic due to speculation and would ruin all efforts to revalue Iraq's currency
3. If true, yesterday's auctions would have been in the billions and create a liquidity issue
4. Would have seen extreme movement in the ME stock exchanges
This is an interesting posting. She makes good points. What if, however, the banks new the exact date of the RV? From what she said, that may support their rumored actions. On point 2, the currency markets can't go crazy with speculation on this, or at least there isn't anything they can do about it right now. The IQD isn't pared with anything in Forex. On point 3, are the auctions really a free for all? Or, would the CBI step in at some point to avoid a liquidity crisis? Regarding the last point, I posted something yesterday where it showed that Jordan bank's stock was nearing an all time high. It started climbing significantly just this month. Hmmmmm????
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PLEASE READ, JORDAN CASH IN AT BANKS .by Florida Dinar on Friday, January 14, 2011 at 12:50pm.THERE IS NO POSSIBLE WAY THAT A BANK WOULD THROW GOOD MONEY AT A NON TRADEABLE CURRENCY, WHAT IF IRAQ WAITED ANOTHER 6 MONTHS TO RV. HOW WOULD THE BANKS COVER BILLIONS OF DOLLARS?. NONE OF THIS RUMOR MAKES ANY SENSE, I WONDER HOW PEOPLE CAN BELIEVE THIS NONSENSE, IT IS NOT EVEN RATIONAL, THE CURRENCY MARKETS WOULD GO INTO CHAOTIC SPECULATION AND IT WOULD RUIN ALL EFFORTS TO REVALUE CORRECTLY, DO YOU THINK IRAQ WOULD PUT THEMSELVES INTO THAT POSITION, YESTERDAYS AUCTION WOULD HAVE BEEN IN THE BILLIONS. IT WOULD DRIVE A LIQUIDITY ISSUE INTERNALLY FOR IRAQ. THE CURRENCY MARKETS DONT WORK LIKE THAT. IT WOULD HAVE CREATED HAVOC ON THE FOREX MARKETS, AND WE WOULD HAVE SEEN EXTREME MOVEMENTS ON THE MIDDLE EASTERN STOCK EXCHANGES. PLEASE GET AHOLD OF YOURSELVES AND REALLY THINK THIS OUT. TAKE 10 LONG BREATHS AND COUNT TO 50. WHEN YOU HAVE REGAINED COMPOSTURE, ASK YOURSELVES DOES THIS SOUND EVEN REMOTELY POSSIBLE.
1. Florida Dinar is making the point that the bank information in the ME cannot be true because the risk of RVing now with no clear understanding of when Iraq my RV is too high
2. Currency markets would be chaotic due to speculation and would ruin all efforts to revalue Iraq's currency
3. If true, yesterday's auctions would have been in the billions and create a liquidity issue
4. Would have seen extreme movement in the ME stock exchanges
This is an interesting posting. She makes good points. What if, however, the banks new the exact date of the RV? From what she said, that may support their rumored actions. On point 2, the currency markets can't go crazy with speculation on this, or at least there isn't anything they can do about it right now. The IQD isn't pared with anything in Forex. On point 3, are the auctions really a free for all? Or, would the CBI step in at some point to avoid a liquidity crisis? Regarding the last point, I posted something yesterday where it showed that Jordan bank's stock was nearing an all time high. It started climbing significantly just this month. Hmmmmm????
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PLEASE READ, JORDAN CASH IN AT BANKS .by Florida Dinar on Friday, January 14, 2011 at 12:50pm.THERE IS NO POSSIBLE WAY THAT A BANK WOULD THROW GOOD MONEY AT A NON TRADEABLE CURRENCY, WHAT IF IRAQ WAITED ANOTHER 6 MONTHS TO RV. HOW WOULD THE BANKS COVER BILLIONS OF DOLLARS?. NONE OF THIS RUMOR MAKES ANY SENSE, I WONDER HOW PEOPLE CAN BELIEVE THIS NONSENSE, IT IS NOT EVEN RATIONAL, THE CURRENCY MARKETS WOULD GO INTO CHAOTIC SPECULATION AND IT WOULD RUIN ALL EFFORTS TO REVALUE CORRECTLY, DO YOU THINK IRAQ WOULD PUT THEMSELVES INTO THAT POSITION, YESTERDAYS AUCTION WOULD HAVE BEEN IN THE BILLIONS. IT WOULD DRIVE A LIQUIDITY ISSUE INTERNALLY FOR IRAQ. THE CURRENCY MARKETS DONT WORK LIKE THAT. IT WOULD HAVE CREATED HAVOC ON THE FOREX MARKETS, AND WE WOULD HAVE SEEN EXTREME MOVEMENTS ON THE MIDDLE EASTERN STOCK EXCHANGES. PLEASE GET AHOLD OF YOURSELVES AND REALLY THINK THIS OUT. TAKE 10 LONG BREATHS AND COUNT TO 50. WHEN YOU HAVE REGAINED COMPOSTURE, ASK YOURSELVES DOES THIS SOUND EVEN REMOTELY POSSIBLE.
1-14-11 Jordanian bank info legit
Highlights/Thoughts
1. Someone emailed DinarDaddy to let him know that his friend confirmed the Jordan bank information is legitimate
2. The person's friend is in trucking and does business in Jordan (deals with importers there and in Kuwait)
3. His friend confirmed that that banks in Jordan were real and the rates posted were accurate. Did not know anything about exchanging Dinar.
4. His friend is not involved in Dinar
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Click on the title to get the details of the posting
1. Someone emailed DinarDaddy to let him know that his friend confirmed the Jordan bank information is legitimate
2. The person's friend is in trucking and does business in Jordan (deals with importers there and in Kuwait)
3. His friend confirmed that that banks in Jordan were real and the rates posted were accurate. Did not know anything about exchanging Dinar.
4. His friend is not involved in Dinar
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Click on the title to get the details of the posting
1-14-11 Biden: the United States would seek to resolve the question of compensation of Kuwait
Highlights/Thoughts
1. This article basically talks about the US taking over the compensation of Kuwait. I've talked about what this might mean in other postings today. US may pay Kuwait on Iraq's behalf. Remains to be seen.
2. Note that it suggest Iraq will be out of Chapter 7 sanctions in the near future
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1. This article basically talks about the US taking over the compensation of Kuwait. I've talked about what this might mean in other postings today. US may pay Kuwait on Iraq's behalf. Remains to be seen.
2. Note that it suggest Iraq will be out of Chapter 7 sanctions in the near future
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Date: Thu 13-01-2011 04: 37 pm |       |
| Alngivi said in a statement (News Agency of news) Thursday during reception of u.s. Vice President Joe Biden: Iraqi people looked forward to a successful democratic Government can build and rebuild Iraq and contribute to improved living standards for Iraqis u.s. Vice President Joe Biden to United States will seek to resolve all outstanding issues including file damages claimed by Kuwait. Biden said during the meeting: we are confident that things in Iraq will be in good condition during the near future after Iraq exit of Chapter VII and Council members are positively perceive Iraq differ from their complete. Biden noted that Iraqis have worked diligently under difficult conditions and they succeeded in their quest and world is seen both pride and appreciation./finished/(j.) |
1-14-11 TK rumor
Highlights/Thoughts
1. May hear something today
2. Forex source said will show on Sunday
3. Cash in on Tuesday
4. Bank rate is still $5.27 and the CBI rate is $6.18
Yes TK has put a lot out there, but I heard something interesting on PD call the other day. They said that we'd be surprised at how close TK has been to being right. They did mention that his rates were off, but no one is right today anyhow because it hasn't surfaced yet....for us.
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Click on the title to get the details of the chat
1. May hear something today
2. Forex source said will show on Sunday
3. Cash in on Tuesday
4. Bank rate is still $5.27 and the CBI rate is $6.18
Yes TK has put a lot out there, but I heard something interesting on PD call the other day. They said that we'd be surprised at how close TK has been to being right. They did mention that his rates were off, but no one is right today anyhow because it hasn't surfaced yet....for us.
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Click on the title to get the details of the chat
1-14-11 Swedish Newspaper depicts Iraq as one of the fastest growing economies
Highlights/Thoughts
1. Newspaper says Iraq is one of the fastest growing economies in the world
2. Economy will grow very quickly
3. Iraq economy is not just based on oil: tourism, other natural resources, agriculture, industry and other
It is important to understand that Iraq, unlike other ME countries, will get revenue from sources other than oil. This means that over time they should command a high value with their currency compared to other ME countries who are not as diverse (those that depend almost entirely on oil for revenue). It is said that Iraq will become the richest country in the world. It isn't hard to see why.
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Click on the title of the article to get the details of the article
1. Newspaper says Iraq is one of the fastest growing economies in the world
2. Economy will grow very quickly
3. Iraq economy is not just based on oil: tourism, other natural resources, agriculture, industry and other
It is important to understand that Iraq, unlike other ME countries, will get revenue from sources other than oil. This means that over time they should command a high value with their currency compared to other ME countries who are not as diverse (those that depend almost entirely on oil for revenue). It is said that Iraq will become the richest country in the world. It isn't hard to see why.
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Click on the title of the article to get the details of the article
1-14-11 Someone's view on where we stand
Highlights/Thoughts
1. All GCC(?) countries have been notified that the RV HAS taken place
2. $3.22 is bottom rate, $5.27 is the target rate, and $6.36 is the CBI rate ($6.18 for us)
3. ME banks exchanging at lowest rate. This will allow their people to sell back to the CBI and gain huge profit overall.
4. Forex rate is $5.27
5. US Treasury will likely steal amounts above $3.22....be patient!!!! Wait for the higher rate or go to Dinartrade or Dinarbanker.
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<<< ****] This is a composite of information to let everyone know where we are today. All of the GEC countries have been notified that the RIV has taken place. They have been given the rates as $3.22-Bottom rate, $5.27 as the target rate and 6.36 as the CBI rate [minus the charges of 18 cents per dinar which leaves us at $6.18]. The ME Islamic Banks are exchanging or cashing in at the lowest rate for their own profit in other words they are giving $3.22 to $3.54 for Iraqi Dinars which gives their own people a huge profit and allows them to hold the Dinar to sell back to the CBI for $5.27-6.18. The Forex rate is $5.27 which is the target rate and once published on the Forex is irrevocable. In My OPINION we may see the lower rates on Tuesday as the US Treasury will surely try to steal the amount above the $3.22. So everyone be careful and patient, cash in small amounts for the lower rate , wait a couple of days and the rate should rise to the $5.25 rate and Ali says he is going to use the CBI buy rate as our rate of $6.18. Everything is coming together abeit slow as Hell. But our Journey is over folks just remain seated until we reach the gate.
1-14-11 Okie Oil Man chat
Highlights/Thoughts
1. Biden accomplished things in Iraq
2. Minor issues to be resolved today
3. Many currencies will RV prior to 2/1
4. Lining up the RVs with the next UN posting of rates on 2/1
[11:26:41 AM] [OKIE_OIL_MAN] lots of good things on todays schedule---wait for it to happen
.OKIE_OIL_MAN] biden sealed the deal yesterday
[OKIE_OIL_MAN] you guys don't need to worry about details--just accept what biden accompolished--none of our business
[17:36:38] [OKIE_OIL_MAN] received dozens of details that are not to be made public--don't rock the boat
[17:37:32] [OKIE_OIL_MAN] we should all be busy next week
[OKIE_OIL_MAN] 2 minor issues to be resolved today--has no effect on the announcement
[OKIE_OIL_MAN] re-evaluation of many curriences are to occur previous to feb 1
[OKIE_OIL_MAN] imf posts today--next posting feb 1 (I think he may have meant the UN)
[OKIE_OIL_MAN] imf posts at 11 am and midnite in the usa. (I guess he means EST)
[11:58:42 AM] [Janna] compassions I have a feeling that when the Emir (PM) of Kuwait visited Bagdad 2 days ago that a lot of "things" were worked out between the 2 countries.
[OKIE_OIL_MAN] janna--you will never know how right you are with that statement
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