Hey Dinar Speculators!
Ok, ok – I give! After several hundred emails from faithful readers of DinarSpeculation.com, it’s no longer possible to put this off – you win. I’ll do an update!
(I’ve been running around the world, researching and doing what I do best – finding stuff out! If you’re on the newsletter, you’ll know that I have a VIP conference call scheduled soon to discuss this in depth. I’m going to fill you in on some quick points.)
1. We’re closer to an RV than ever before. I’m very focused right now on POST RV investments, wealth protection, and more.
2. Wealth protection requires a significant amount of time and knowledge. This is why I took the Series 65 exam (to be a Registered Investment Adviser), that’s why I’ve retained attorneys, and more. I’m not content to sit by and idly wait for things to happen – I believe in being proactive! And so should you… which is why I encourage you to register on DinarVets.com and then join the VIP group.
3. The window of opportunity to get in on this investment gets smaller and smaller every day! Many of us have a small amount of cash Dinar, but there are more ways to get involved and diversify your investment. I can offer you two extremely valuable tools: my book RV Intel and also my free Cash In Guide. These are both invaluable to your education and future net worth, I guarantee it!
More details later, but for now let’s talk about the current goings on in Iraq.
The biggest item on our plates right now is the upcoming televised meeting this Friday. The dinar investor population is running wild with rumors of an upcoming RV, and there’s a bit of potential here… but I’m hearing from my Iraqi sources that this definitely isn’t the right time. Here is what the TV broadcast will be about (and be sure to keep reading, because I want you to know why this is a good thing!)
Iraq’s Central Bank set up a new strategic project in 2007 under the name of “Iraqi Currency revaluation” under the recommendation of the Supreme Economic Committee related to the Ministerial Council with the support of Iraq’s Finances Ministry. The project aims to re-denominate the national currency by removing zeros from the currency. This week’s episode of Bi Tarikh Al Ghad will tackle the following issues: Is Iraq’s economy prepared for such a change? What is the effect of removing zeros from the currency? Will removing zeros from the currency cause fluctuations in the Iraqi market? Is the project aimed to improve Iraqi payments system? What is the effect of removing zeros on bonds market? How is the process of removing zeros progressing? Will removing zeros add up to the purchase value? What are the gains of such a project?
“Is Iraq’s economy ready for such a change?” That is a huge question, and all of our answers lie within it!
I’ve said for years, and in my book, that in order for the RV to be successful the Iraqi people will need education. They can’t simply change the rate or the currency and expect everyone to figure it out. Also, they can’t simply hand everyone a piece of paper with instructions:
One in five Iraqis aged 10 to 49 cannot read or write, with large discrepancies in literacy levels between men and women, a report by the United Nations has found.
Obviously this will improve when the Iraqi economy goes up and the people have more money to stick into things like education and quality of life, but the current Iraq requires verbal education… which is what we’re seeing right now.
I personally see 97% of the news right now as positive. We all have to understand that you can’t believe the news you read if it comes from Iraq – in the event of an RV, they are going to be releasing disinformation left and right! The louder they yell about a lop, the closer we are to the RV. Since we aren’t hearing a lot about a lop, I have to guess that we’re still at least a couple weeks away – but the possibility that Iraqis are getting the education necessary to support a revaluation of the Dinar is highly encouraging.
My friends, as always – I’m here to give it to you straight and not to “pump” up dinar sales. While the current events are positive for us – it’s not going to RV this weekend, so don’t spend any more on Dinar than you can afford to stick in your underwear drawer and continue waiting.
(And get on the newsletter! When it DOES RV, you don’t want to be the last to know – I’m sending out an email immediately after the announcement. Join here.)
Hassan Osman: The new government will be formed at the beginning of next year
He said the Kurdish coalition member Hassan Osman statements by some officials that the new government will be formed within the next two weeks that words are not unconstitutional and that the new government will not be formed only at the beginning of next year.
Earlier, statements of some members of the coalition of the rule of law has pointed out that the period of the next two weeks will witness the birth of the new government.
Iraq Government delays possible – Maliki being undermined by new alliance
Iraq: New Alliance Takes Shape Against Maliki-Sadr Bloc
One week after Iraq’s Prime Minister Maliki announced an alliance with Muqtada al-Sadr, the fiercely anti-American cleric who leads the Mahdi Army militia, a new coalition is taking shape to undermine the Maliki-Sadr bloc. The new alliance may have the backing of Turkey, Syria, and Saudi Arabia, and the tacit support of the United States.
Here’s a great clip posted by a mod in our Forum. The Iraqi Dinar is making news in places outside of our little investors world, like in this radio broadcast: http://dinarvets.com/forums/index.php?/topic/36048-pow-iraqi-dinar-rv/
Iraq’s budget puts deficit at $18.6bn
2011 budget assumes oil exports of 2.4 m bpd
Published Sunday, October 10, 2010 Iraq’s proposed 2011 budget runs a deficit of 22 trillion dinars ($18.6bn) and assumes oil exports of 2.4 m barrels per day, Deputy Finance Minister Fadhil Nabi said on Sunday.
The ministry last month proposed a budget of 102 trillion dinars ($86.4 billion) based on a world oil price of $70 a barrel.
I’ll tell you what I love about that previous tidbit… the budget and the estimated production are both under what it should be based on a lot of the news we have seen lately. Regardless, even at a conservative numbers we would be able to see some very substantial growth of the Dinar with just a few tweaks to our situation, in particular: a seated GOI, the lifting of Chapter 7, or a successful HCL resolution. Any of these three are very possible, so let’s look for two things before we see an RV:
1. Education of the Iraqi people on how to use a currency with different value.
2. Resolution of either of those three items I just mentioned.
Hang in there, everyone. We’re close!
Older news (These were links I had saved from an older draft, they are old news but I’m going to post them here since I had the content written already):
Obama declares Iraq soveriegn and says war is ending.
Three days before the official end of the US combat mission in Iraq, US President Barack Obama said on Saturday that the war in the country was “ending” and called Iraq a “sovereign” nation free to determine its own destiny.
Read more: http://dinarvets.com/forums/index.php?/topic/29819-obama-says-iraq-war-ending-calls-country-sovereign/#ixzz0y5ue7WzF
Sadrist lawmaker supports Abdulmahdi’s call to hold parliament’s session
BAGHDAD / Aswat al-Iraq: Sadrist Lawmaker Bahaa al-Aaraji on Thursday expressed support of the call made by Vice President Adel Abdulmahdi to hold a parliament’s session.
“Security and political developments highlight the need to hold a parliament’s session to tackle these developments and to find a solution for the current crisis,” al-Aaraji told Aswat al-Iraq news agency.
Read more: http://dinarvets.com/forums/index.php?/topic/29484-sadrist-lawmaker-supports-abdulmahdi%E2%80%99s-call-to-hold-parliament%E2%80%99s-session/#ixzz0y5vylafU
Former Iraqi premier Allawi says he fears major crisis over Iran
Berlin – The Arab world fears a major crisis is about to break out over Iran, former Iraqi prime minister Iyad Allawi has said in an interview with the German news magazine Der Spiegel.
‘I’m definitely not an advocate of Iran’s policies. In fact I’m sure they have a ban on me visiting there. But I do think the world should keep on talking with Iran to see and to feel what Iran is scared of.
Read more: http://dinarvets.com/forums/index.php?/topic/29814-former-iraqi-premier-allawi-says-he-fears-major-crisis-over-iran/#ixzz0y5uyNVli
Lower inflation rate in Iraq
28.08.2010 Leila Ahmed Economists said that the decline in the inflation rate was due to the monetary and economic policies the successful followed by Iraq, which indicates the economic future more optimistic towards the التمية that stumbled a lot.
Read more: http://dinarvets.com/forums/index.php?/topic/29808-lower-inflation-rate-in-iraq/#ixzz0y5vQOeGK
As always, the Dinar Speculation Train rolls on.
Talk to you soon!
- Adam Montana