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I know for a fact... that there are paid posters on dinar boards. I was forwarded an e-mail from one of the more positive posters on another board, who decided to bow out when he was contacted by one of the admins on the board about getting paid for his posts.
He sent me the e-mail and it was legit.
You don't have to believe me... that's up to you... but I know it as fact.
You were blatantly pumping BKMP on penny stock boards that no one had ever even heard of. I was laughing my arse off the day I looked you up.
FMNJ... I'm not sure what you are proud of there. I'm not about to investigate that stock and see what happened. All I know is it is back to .0001
Looks like another case of you pumping a scam. The company is a scam, and I assume you are admitting you pumped it. So you were succesfull on that one for a while. You earned your money.
Then you shouldn't have needed links... everything I have posted has been in many many links... and since you've read so much, you should be aware of it all already.
Again... best of luck to you.
I didn't post it as facts... I said it was just someones post from another board... therefore... a link would not matter.
The person you praise... TMCC has done that exact same thing DOZENS of times... just pulled over someones opinion, no link. This is the first time I've ever done it and it was just to prove that if true... it backs up all the lop articles we have seen. The Iraqis are very aware of the comoing lop. IF YOU BELIEVE THE GUY.... I have no reason not to believe him... the guy has always be very very pro dinar, get rich rv.... he has no reason to post bad stuff. HE LOVES THE DINAR.... but he posted what he was told.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34737947
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34580812
Here was some DD I did
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34289240
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33944228
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33741193
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33127364
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32587151
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32577723
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32498212
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32408911
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31557120
good info here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31185063
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31001240
A harvard Professor on the dinar.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30963031
Some REAL DD here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30825515
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30485122
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30484331
I little known DD fact most ignore.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30419979
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29871856
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29871792
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29871733
True value of the dinar before the war
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29871644
REAL DD
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29552168
more real DD
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=22546254
AND
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=22546210
Just getting going.... anything else you'd like?
That post was simply a copy of someone’s post from over at IFF… TMCC does it all the time.
It’s just that persons experience in Iraq…. He is positive on the dinar. But his post suggest a lop is on the way.
Here is the link if it makes you happy.
http://www.investorsiraq.com/showthread.php?t=120012
It’s still just his words
Most of my post have links…. What have I said that you would like me to back u with a link?
you must be joking... please read my past posts before saying I have no links.
Thank you for your opinion. I'm sure you will chastise TMCC and others when they do the exact same thing... or does this only apply to me?
News from iraq
Posted on another forum
--------------------------------------------------------------------------------
I just spent a week in the Greenzone. While there I met with some Iraqi's I had met the last time I was here. We were drinking Chai and talking about Iraq.
He told me there have been many articles about removing zeros from the dinar. I asked what does that mean? He said 1000 dinar would equal to 1 dinar. I asked isn't that a good thing won't that make things cheaper to buy? His words: The government is our stealing money. He further stated that many Iraqi's feel the same way about removing the zeros.
I asked if the when he thought the dinar would becom strong. He said he didn't know, maybe after the elections maybe 20 years, he simply didn't know.
I asked him about the oil sharing law. He just started laughing and went on to say how the polticians have money and drive new BMWs and Mercedes. And continued laughing some more.
He said that his neighborhood always have power and businesses are opening and many people are at the market.
He said Iraq is getting better.
Nothing Earth shattering, just thought I would share this with the forum. Hopefully, I will be able to get back to the Greenzone SOON!
Thank you for your opinion, I disagree.
Can you tell me how a lop would be ripping anyone off?
If an Iraqi has 5000 dollars worth of dinar now... after a lop they would still have 5000 dollars worth of dinars. A lop is revenue neutral.
Two years ago I said it could continue on just like it is and maybe get to 1000 in 3 to 4 years. Or it could lop…. They are talking about lopping now. How does that prediction look so far? That’s all while being called an idiot and every other name in the book by the dinar experts who have talked about RV after RV and have claimed over and over that the dinar is a SURE THING… all while demanding that I be banned….. LOLOLOLOLOLOLOLOLOLOL
Good Luck to you.
No smart a$$ comments about my hindsight now???
It's still coming... I never once predicted a time frame.
In fact I said all along they don't have to lop, they can just continue on with the same ol same... but they have announced their desire to lop and I believe they will eventually do it.
I posted a couple months ago that the world wide economic downturn could cause them to postpone any plans to lop. They may want to wait for things to shake out a bit before they try to restore the rate back to 1:1... WITH A LOP of course.
Nov 9
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33440860
There is no RV... there is a lop article coming out on a daily basis. Two months ago I would have said the lop was about a 95% sure thing. With the world wide economic slow down coupled with plummeting oil prices... that may influence Iraq to hold off on the lop. I would say the lop is down to about a 75% chance now. But if they don't do it, it is just a delay and will be done one day. If they don't lop they will just continue on like they are. A pip here and a pip there. A big RV is simply a fantasy.
I posted this in March of 07....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=17683371
In my opinion… based on comparing Iraq to numerous other countries… here are the possible outcomes I see.
They continue on like they are… the dinar may… MAY rise in value to 1000:1 over the next 3 or 4 years and they may join the GCC and switch to the GCC currency if that ever comes to fruition. 1000:1 is about as high as I see it going.
The other option they have… if they really want their currency valued at 1:1… they have to return the money supply number back to about 20 Billion. That would put them in line with the other countries that have a 1:1 or better exchange rate and would also return them to the money supply number they had in the 80’s when they had a favorable exchange rate. That would be the dreaded zero lop… where your 25,000 dinar notes would be exchanged for 25 dinar notes
Another MAJOR milestone bites the dust.
If you could have collected a dollar for every post in the last 4-5 five years that said the dinar would RV before Bush left office… well… you might be a millionaire. That talk quieted over the last year as it appeaed it might not happen. But there were many many RV gurus that claimed it would surely happen before the end of Bush’s term.
Well… again the gurus were wrong. Another milestone goes by. There’s a list longer than my arm now of milestones that would surely see an RV.
What the next irrelevant one?
Come now guys... that's "well established, and verifiable facts"
Was that your appoach when you pumped for BKMP
LOP is coming
http://kurdistanstockexchange.services.officelive.com/Documents/MEI2%20Review%203%20Iraq%20Chapter.pdf
As of end of 2008, the Central Bank of Iraq is considering readjusting its national currency to levels similar to realities and feasibility for economic development, so the Central Bank is considering dropping three zeros to its currency and to diminish dollar dependencies as US troops leave and Iraqi army takes over security control of the country.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http://en.aswataliraq.info/%3Fp%3D101904
CBI described the removal of 3 inflation-generated 0's from Iraqi banknotes “a normal procedure by most central banks in countries that have gone through long periods of high inflation…
They can continue that policy even if they lop.
Currenctly they go from .00083 to .00084 to .00085
If the issue a new currency, lop 3 zeros, new rate .8300
They can coninue the same policy... .8301... .8302 and so on.
Same exact policy, lop will not effect it.
http://www.iraqdirectory.com/DisplayNews.aspx?id=6980
The Central Back of Iraq stresses on zeros lopping
The Central Back of Iraq stresses on zeros lopping
Translated by IRAQdirectory.com - [9/29/2008]
The Central Bank of Iraq consultant, stressed last Wednesday, on the bank's determination to proceed with the project to delete the zeros of the Iraqi dinar to convert thousand dinars to one dinar, referring to the adoption of long-term plan for the project, which would be reluctant to the huge cash in Iraq.
Dr. Modhir Mohammad Saleh, added that "the bank will rely, in any case, on a long-term plan for the implementation of the project, in order to avoid any disruption reflected in the cash arena, which will move on based studies and slow and accurate resolution of all problems in the trading bloc committed a result of enormity of bulging cash in the Iraqi market. "
The factors of this action, which he described as very important by saying that "Iraq is one of the countries hit by hyper-inflation in more than two decades ago, reflected in monetary hyperinflation, for example, the monetary issuance increased of approximately 25 billion dinars in the early nineties, to be in 2003 Six thousand billion. "
He added, "If we add significant structural changes on the size of the budget that is the source of expansion in the monetary bloc, we can say that the country does not have the ability to stand such circulations in a large amount of cash currency units, a legacy of a hyper-inflation."
And that "many countries of the world suffered from this problem and turned their economies towards relative stability, it must find a solution to curb the enormous mass of cash to facilitate exchange of cash in Iraqi society, which mainly deal with cash money rather than the use of advanced banking payment."
He added, "This means we need urgently to the availability of substantial monetary of value and with small-scale to return to the easy system of payments and lead to facilitate transactions."
He cites the example of the saying that the category of 25 dinar in 1980 was equivalent to more than $ 75, the largest category of cash at the time, while in the highest category at present is the key category of 25 thousand dinars, and equals only $ 23. "
He added "to notice the difference .. that Iraq needs to have banknotes with high value and small size to facilitate the exchange and perform the functions of the various money."
Saleh continued of clarifying the problems impeding the performance of existing cash, saying: "One of the problems is " dollarisation "the Iraqi economy, the demand for one hundred dollars category to facilitate large transactions paid in cash, which represents about 120 thousand dinars, which means that the actual Iraqi economy needs to Category or categories of high value cash to facilitate the exchange especially in large deals. "
And about the contentment of the Bank's approach to the deletion of zeros, the central bank consultant said "the studies intend in this regard to circulate a new categories gradually and comfortably, and not limited to the replacement."
He noted that "this will give a lot of prosperity and stability in the availability of high and strong liquidity to facilitate transactions in line with the stage of growth and optimistic economic prosperity that Iraq will see in the months or years to come." He added, that "relatively long-term project would be included in the cash economy gradually that to add a lot of comfort and harmony in the economic situation."
The "trend is the deletion of three zeroes, instead of dealing with monetary issuance of $ 18 trillion dinars, our economy will deal with not more than 15 billion dinars, a mass of different categories to facilitate criticism, circulation and encourages banks to accept cash deposits."
"We know for example that one of the biggest problems at the present time the problem of counting and verification of counterfeit currency or the offense, and this burden to the banking system, and a burden on the citizen as well."
The central bank consultant concluded to say that "low cost counting and other leads to a decline in inflation by an estimated rate of 3%, resulting from the cost of cash transactions of large deals, as a citizen in Basra for example, wants to transfer funds cash to Baghdad through the category of dollar, he has to burden and costs of commissions coming from the conversion process. The cost added to the prices of transactions inevitably.
It wasn't last Wed... it was a few months ago. They have stated they will do it, but they have no timetable.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=237500&version=1&template_id=48&parent_id=28
Iraq central bank takes steps to ‘rebase dinar’
BAGHDAD: The Central Bank of Iraq has taken steps to rebase the Iraqi dinar and issue new banknotes, a senior official at the bank has said.
“We have reached a conclusion that we should take off three zeroes from the current Iraqi dinar banknotes,” Mudher Qasim, the bank’s senior advisor, told Dow Jones Newswires in an exclusive interview.
“The process is progressing and we have taken some steps,” Qasim said. “We will issue a decision in due time.”
Qasim didn’t give a timeframe when that decision would be taken, but said printing new banknotes and fully replacing old notes would take two years from the time the decision is taken.
Iraqi Finance Minister Bayan Jabor said his ministry had suggested to the central bank to take off three zeroes from the current Iraqi dinar banknotes. “The Central Bank governor (Sinan Al-Shabibi) has informed me that the bank is in the process of taking that decision,” Jabor told the state-run Al-Iraqia Satellite Channel this week.
“The Central Bank of Iraq supports what the finance minister was saying,” Qasim said.
If the rebase decision is taken, it means a current 25,000 Iraqi dinar banknote will become 25 dinars, for example. When three zeroes are knocked off the Iraqi dinar, a dollar will equal only 1.20 dinars.
Currency rebasings are usually monetarily neutral and are introduced to make commercial calculations and cash dealing easier and cheaper. Turkey knocked six zeroes off its lira currency January 1, 2005, for example. Russia did the same for its currency.
“In a country like Iraq where cash consists 80% of money dealing, we need smaller bank notes,” Qasim said, adding that current Iraqi banknotes were difficult to store and need strict security measures when moving money from one place to another.
There are now some 20tn Iraqi dinar banknotes in use in the market, which is a very big amount and if Iraq knocked 3 zeroes it would become 20bn dinars which is a reasonable amount, he said.
Qasim also said one of the reasons for rebasing the Iraqi dinar is because the bank has managed to reduce the country’s high rates of inflation. The inflation rate fell to 14.7% in May this year from a record high of 60% in late 2006.
In July 2004, the now dissolved US civilian authority in Iraq decided to print the current Iraqi banknotes replacing those used to bear the picture of the former Iraqi leader Saddam Hussein. Iraqis then had three months to swap their old dinars with the new ones.
“This time we aren’t in hurry, if it takes two years to swap the new currency with the old one, then let it so,” Qasim said.
The current banknotes were printed by Britain’s De La Rue, the world’s biggest commercial printer of bank notes.
Jabor said in November last year that the central bank would rebase the dinar in early 2008. – Dow Jones Newswires
Thanks Rasica... you prove my point.
"A recent proposal to drop three inflation-generated zeros from Iraqi banknotes has sparked heated controversy in Iraqi economic circles, with experts arguing that the process will not boost the economy or the country's monetary mechanism."
So some people don't agree... but guess who makes the descision... THE CBI
These are the guys at the CBI
MENAFN - (Qatar News Agency) Central Banks Governor announced today it has accepted a decision to raise zeros from the Iraq dinar.
Dr. Mohammad Saleh, The Central Bank of Iraq adviser, on Wednesday, the bank's determination to proceed with the project to delete the zeros of the Iraqi dinar to convert thousand dinars to one dinar.
"We have reached a conclusion that we should take off three zeroes from the current Iraqi dinar banknotes," Mudher Qasim, the bank's senior advisor
It is no longer a matters of if... just a matter of when.
Or… you invest 5-10k… wake up one morning and find they have announced a lop and there is only a 3 month exchange period. They also announce that all dinar smuggled out of the country over the last five years will be blocked from re-entering the country.
You now have a lot of pretty wall paper.
The chance of a big RV… ZERO, NONE, NADA, ZIP!!!!
The chance they keep it like it is… a pip here a pip there… 25%
Chance they lop… 75%
If they lop, chance you get to turn in some of your money for a small loss, or you lose it all… 50-50
I posted them all in the past....
here was one... sure you can search and find the others.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32408911
Sorry to say... but if you believe half the crap written here you will not be better informed. This person bringing GenX stuff over here is doing a disservice to this board. The guy is making crap up.
The dinar at this time has VERY little potential and very much risk. That's not a good investment.
Yes... like a reverse split. They will issue a new currency and you will exchange what you have for a the new currency at a rate of 1000 old for 1 new… hence the term “remove/raise 3 zeros.” If they give you the chance to exchange.
In the last 30 or so years… about 80 times countries around the world with similar situations to Iraq have done just this.
Never once has a country simply reverted back to it’s old rate… or done a massive RV… NEVER!!!
The dinar is going to lop. You stand a very good chance of losing most if not all of your investment when this happens. I would like to warn as many people as possible.
The words of the CBI GOV and the 2 senior advisors are not my words, those are THE PEOPLE WHO WILL MAKE THE DESCISION.
GenX is a scammer!!
What happened to his RV that he promised a week or so ago. The guy is making up lies and has never produced one single link to back up any of his claims.
He claims all these degrees and he is practically illiterate.
Anyone who falls for his blatant, proven lies. Deserves to be separated from their money.
Your article was written by a dinar dealer.
These are the words of the CENTRAL BANK GOVERNOR and TWO SENIOR ADVISORS to the Central Bank, they are the ones who will make the descision
MENAFN - (Qatar News Agency) Central Banks Governor announced today it has accepted a decision to raise zeros from the Iraq dinar.
Dr. Mohammad Saleh, The Central Bank of Iraq adviser, on Wednesday, the bank's determination to proceed with the project to delete the zeros of the Iraqi dinar to convert thousand dinars to one dinar.
"We have reached a conclusion that we should take off three zeroes from the current Iraqi dinar banknotes," Mudher Qasim, the bank's senior advisor
Not one of them has denied or contradicted these statements since they were made.
LOLOLO... Gen X is a boob... he is not who he says he is. He is nothing more than a pumper.
Same as what was posted on another forum back in AUG.
8/27/2008 7:49:01 PM
صولاغ : قرار رفع قيمة الدينار العراقي جاء نتيجة دراسات قيمة
Solag: the decision to lift the value of Iraqi dinar was the result of studies value
قال وزير المالية باقر جبر صولاغ ان الدينار العراقي يشهد تحسنا ملحوضا خلال الفترة الحالية.
Said Finance Minister Baqir Jabr Solag that the Iraqi dinar is Mlhaudha improvement over the current period.
وأضاف صولاغ ان التذبذب الحاصل في السوق المحلية يعود الى بعض الاشاعات التي تثار من اجل عرقلة هذا التحسن .
He added that the fluctuation Solag happening in the local market due to some rumors that arise in order to hinder the improvement.
موضحا ان قرار البنك المركزي العراقي في رفع قيمة الدينار العراقي امام العملات الاجنبية هو قرار صحيح وجاء نتيجة دراسات قيمة تهدف الى رفع القيمة الشرائية للمواطن العراقي قبل كل شيء .
He explained that the decision of the Iraqi Central Bank to raise the value of Iraqi dinar in front of foreign currency is correct, the decision was the result of studies aimed to raise the value of the purchasing value of the Iraqi citizen before everything else.
مشيرا الى ان خطط الوزارة استوعبت كافة البرامج المستقبلية في الميزانية لهذا العام من اجل تحريك الاقتصاد العراقي بالشكل الصحيح.
He pointed out that the ministry plans absorbed all future programmes in the budget for this year to move the Iraqi economy correctly.
original link (non-translated Arabic): http://foratnews.com/paper.asp?ID=2819
The sad fact is I have explained those differences to him. One of two things... he either can not comprehend, or he has an ulterior motive.
Niether paints a flattering picture.
From his past history of blatantly pumping scam penny stocks, it's pretty obvious which one applies... they may both apply.
You would think he would have at least chosen a new screen name after his BKMP embarrasment.
What world are you living in????????
Bloomberg News
WASHINGTON — Iraq will have "severe financial problems" and probably will need to borrow money to close a budget shortfall if oil prices stay below $80 a barrel next year, the nation's ambassador to the U.S. said.
http://seattletimes.nwsource.com/html/nationworld/2008528984_iraqoil17.html?syndication=rss
please answer one question for the board about your 1.5 billion that you have posted hundreds of times now.
Last year Iraq’s budget was 90 trillion dinar!!! We just saw an article where 60 percent of expenditures were in dinar and the other 30 percent was in foreign currency. That means Iraq spent 60 trillion dinars last year for their budget.
Where do you think that dinar comes from?
They didn't add 60 Trillion to the M2, so they had to come from somewhere. Do you think they might have used those bought back dinars to fund the budget?
The fact is they ARE using them for the budget, but they also have to print and add more on top of what they buy back, and that's why the M2 grows every single month.
Those were a few months ago... I'm sure you can find the links if I posted them hundreds of times....
Here's one from Shabibi from just a few weeks ago.
Shabibi, CBI Governor dicsusses Lop.
http://www.zibb.com/article/4468689/Iraqi+central+bank+governor+interviewed+on+monetary+situation
Asked whether the removal of three digits from the Iraqi currency is a step aimed at curbing inflation, Al-Shibibi says this issue has nothing to do with inflation, but the concerned parties are taking this issue into great consideration and giving it precedence over other issues, such as the implementation of certain monetary policies and reserve investments. He adds: "We monitor the value of the Iraqi dinar vis-A -vis the US dollar, which is relatively stronger than the dinar," noting that the digits issue is currently under serious review. Asked whether there is a timeframe for making a decision on this issue, he denies that there is, explaining that this depends on the circumstances and the exchange rate policies.
You are reading that backwards Rick. The banks participating in the auction supply the demand, in this case dollars. The Central Bank simply meets the demand. In this case selling them the dollars.
You agree with a known scammer and then ask me a question. Not sure why I even answer, but I will.
Have you seen the price of oil lately. Iraq’s revenues are plunging. They have dropped to about 25 billion a year. Iraq wanted a 100 billion budget, that leaves them 75 Billion in the hole! They have now dropped the budget to about 67 billion, that still leaves them 42 billion in the hole! They will be forced to lower the budget more.
Where will they get the money to buy back all this currency? Will you sell them yours back at this rate? Will the other speculators that hold the other 5, 6, maybe 7 TRILLION sell back at this rate?
Iraq is in a world of hurt with oil prices as low as they are.
MENAFN - (Qatar News Agency) Central Banks Governor announced today it has accepted a decision to raise zeros from the Iraq dinar.
Dr. Mohammad Saleh, The Central Bank of Iraq adviser, on Wednesday, the bank's determination to proceed with the project to delete the zeros of the Iraqi dinar to convert thousand dinars to one dinar.
"We have reached a conclusion that we should take off three zeroes from the current Iraqi dinar banknotes," Mudher Qasim, the bank's senior advisor
The Central Bank Governor and two Central Bank Senior Advisors
There was less than 400 million dinar at the time. Even if one person somehow bought every single dinar issued, he would only have a little over a billion after the war.
So just how many billionaires do you think were made????
LOLOLOLOLOLOLOL
The amount of currency a country has is usually in proportion to it’s economy, measured in GDP.
The United States has a 12 or 13 Trillion dollar a year economy. That creates a massive demand for the currency. Being the number one reserve currency in the world also creates demand. Currency traded on the FX is not really backed by anything other than demand.
Iraq on the other hand is not on the FX, and they wont be either. None of the oil producing countries are on the FX.
Iraq has currency auctions to help set the rate. Countries that have currency auctions are required to back that currency with high levels of Foreign currency reserves, or gold. Oil in the ground does not count. Once it is pumped and sold, it can then be added to currency reserves, but more likely it will go to fund the budget.
Iraqs economy is tiny tiny tiny compared to the US, so they need very little currency compared to the US. In other words, with very little need because of such a small economy, there is very little demand for Iraqi currency.
So… Iraq can and is supporting it’s currency at the level, they can even increase the value a little if they want. But they can not increase the value to 1:1 or anything close to it and support the amount they have.
Remember… the huge US with MASSIVE demand has about 10 Trillion.
Iraq, with practically no demand has 3.5 times more currency. 35 trillion.
They will have to reduce that amount down to about 35 billion, which they can do with a 3 zero lop, new currency, they can then have a 1:1 exchange rate.
Absolutely no way without the lop… sorry to say, but it is truly a joke to even think it could happen without a lop.