Hey everyone!
Last night was a little crazy – people started getting “blocked” after we hit 2500+ callers, the system locked our emcee out so she couldn’t get the questions to me, and I ended up winging it for the most part!
Also, apparently it takes longer than I thought to get ALL of the emails out to people… I sent the notice out at 10AM, but some people are still getting it. Apparently you can’t just magically zip out 15,000 emails. (Now I know! Sorry if you were at the end of the list!)
Still, I was able to tackle a couple of questions and I’m sure you’ll benefit from the call.
**** Call moved to VIP to save on bandwidth. Over 120,000 views in 4 days, holy cow!!!! ******
Here’s the link: http://dinarvets.com/forums/index.php?/topic/18650-wealth-protection-follow-up-5-13-10/
Related posts:
Adam,-I just don’t understand the need for a LOP even if rumors of them thinking of it are true. If all of these oil deals are going through and they could feasibly pump 10 million barrels or more in a couple years the net worth of the country is going to be huge, especially because they aren’t bound to pump by OPECs rules– In addition by that time they could probably get the dinar traded freely -the problem would seem to take care of itself with a large appreciation of the currency. If on the other hand they choose to do a LOP, its not going to be cheap or easy to do all the currency reissuing and all of that…just seems to me the problem will solve itself in a couple years—-thoughts??
Is this conference call from May 11th or April 11th?
.Still waiting for yesterdays email. I started looking for the call log on on the forum about 3pm central. Looking foward to listening.
Thanks:
Hi… While on the subject of the LOP, I would like to know if a Lop happened could it also affect funds in a Warka account???? I have never really seen a clear answer on this??? Maybe no one knows for sure?
Thanks!
its from last nite Mora May 11th
You referred to your VIP site.
How do I get said site.
thank,s adam i hope this end soon god bless.
MoraMora, the call was yesterday May 10 – sorry for the RSS typo.
Cynthia, VIP is on Dinarvets. Here: http://dinarvets.com/forums/index.php?app=subscriptions
Hi adam,thanx for all the info you have given us to this point.I must have missed something about the lop.I was wondering if the dinar lops before the rv,weather that will make our dinars worth face value minus the three zeros.thanx for all your hard work…james ranger1
Take Note: The lid will come off Aug-Sept and the dinar will be transformed by Sept-Oct.
Dave: I tend to agree with you sir. It has never made since to me why they would want to spend the money to print up all new bills. Japan seems to do fine with extra zeros, I’m sure they will be fine too.
Is it safe to open a Warka account in Iraq and wire your dinars in from a US bank to make it safe and efficient when time comes to cash in.
Should I buy Dinars from that bank into my account.
Richard Bailey, you cannot wire Dinars to Warka. You can wire USD to Warka, and they will exchange it for you. More detailed answer in my book, of course. http://rvintel.com – if you’re serious about this investment, $30 is nothing compared to what you’ll lose by making the wrong move here.
Adam,
I have held my dinar now for about 6 years and there has been little appreciation. What concerns me is the vast amount sold over these years, which would create so many millionars and wondering how this would effect not only the stability economically in Iraq but world wide. What are your thoughts on this?
Diane Jasmine, what do you mean you have had “little” appreciation? The Dinar has doubled in value over the last 5 years!
I know that none of us here have any control over whether or not a LOP takes place, so I’ll apologize in advance for what I’m about to share, but If a LOP takes place, it would be devastating to everyone who viewed the IQD investment as just that….an investment. If they remove three zeros, essentially taking a one million dinar investment and overnight turning it into a one thousand dinar investment, nothing positive can be derived from that. Adam eluded to it being about a 50-50 shot during the conference call 2 nights ago, and he went on to say that if it does, most would still make something on their investment. Some more than others depending on how long you’ve been investing. For me, it would be a net loss…period….Using an assumption that the RV would = $.86/IQD, a 25,000 IQD note would be worth $21,500 USD, while a 25 IQD note would be worth $21.50 USD (roughly a $21,478 reduction per note). At current exchange of 1170 IQD per USD, that’s about $855 USD in value (per million). It cost me about $1000 USD to purchase one million, so where is the gain???…This LOP issue is BAD news, no matter how you package it….and for those of you who have a Warka account, you better check to see if having one million IQD’s “electronically”, and a LOP takes place, does it mean you still have one million IQD’s….because if you do, then I don’t see the equality for global investors who do not have a Warka account. I hope my frustration isn’t showing too vividly, but I’m concerned over the cavalier attitude I’m reading (and hearing) about the LOP and how it will not be that bad if it happens. If it does, the brokers selling dinars are the only ones who “banked” on this entire investment “dream”….
I’m really starting to change my opinion about my investment here and for the better. I bought it a couple years ago on a whim and a lot of people told me, and continue to tell me, this is a waste of money. I however think its a pretty good hedge against the rest of the world’s events right now. I’m not expecting anything short term (although I’ll take it)but in the big picture Iraq now pumps 2 million barrels of oil a day and that just about covers their yearly budget although they are running a deficit currently mainly because they got excited over $140 oil and didn’t plan correctly. So when they pump 6-10 million barrels (which they will) they could double their current spending and still still run a huge surplus…violence? sure its a problem but money and prosperity has a way of quieting those situations. Now lets look at the US -this last month we ran an 82 billion dollar deficit which is going to equate to another trillion plus to the debt just this year…people don’t understand how unsustainable that is…how long can we keep this up? a couple years? less? the trend here is bad folks and Iraq’s looks dang good by comparison..violence?…where’s the violence really gonna be?–I say right here–when nobody gets their ssi/ssd checks anymore and unemployment keeps rising…the big picture is not all bad folks..iraq is going to be WAY off the radar of ‘problem’ nations soon…all imo of course GLTU
Iraqnewsworld.com
online currency trading FXCM
1USD=1111.1IQD
1IQD+0.000900009USD
it will rv slow.
ADAM: Why now the concern over a lop of three zeros? You have clearly explained that this will not happen. Others have said it would not happen, destroying the credibility of the Iraq governbment. Still others have said such a move would be unprecedented given Iraq’s cirumstances, i.e., its great natural resource base to support its currency. Smaller denomination notes will be inroduced to facilitate daily transactions as the large notes are withdrawn over time; but that will not affect the value of what is held outside the country. Besides, as one person noted,right now Iraq does not have the money to quickly print replacement currency. Please respond clearly on the lop misunderstanding.
And not to mention lowering the standard of living for the Iraqi people.
ADAM i ve tried manytimes but i cud not get access at dinarvets.plz tell me how i can?
panu I’m emailing you.
I was hearing some of the comments on the call or more of the call but is just o men it was that bad i didn’t hear anything that is going to help me at this point of the investment but hey that just life… i will continue to be on post for any new news thank you any ways and have a great day
Marv: “Irag does not have the money to quickly print replacement currency”
This statement makes no sence to me. Priting replacement currency would probably far cheaper than RVing and paying out millions and millions to the investors world wide!
Thought my question was a good one??? Yet no Reply from anyone on this Subject.. And YES I have the book and the answer to this is not in there..
I would like to know if a Lop happened could it also affect funds in a Warka account???? I have never really seen a clear answer on this??? Maybe no one knows for sure?
Thanks!
Hey Rodney, I missed your question – sorry! The answer is “of course” – there is no guarantee on this, that’s why it’s called “speculation”.
Thanks Adam… Yes I realize it’s speculation… Was just not sure on the Account side since all the talk about the LOP(That I have seen) has been specific about the currency..
Thanks!