I love this CBI Article – You will too!!!

Happy Thursday Dinarians & Happy December!

Well, yes, happy December – can you believe despite the THOUSANDS of calls by Hack Guru for the RV, yet here we are now in December 2014 with no “RV”.

Listen, I wanted to publish this article from my private Skype Room, because I want you all to see this which was originally published by the IQD TEAM Connection.

But, before I have you read that article, I’m giving you my OPINION AND ANALYSIS of the article, but in short – I feel very happy about what I read in the article!  Here we go…

Well, today I saw posted in the News Room the following Article which is a tad bit long (like one of your RANTS! you used to do…) but I believe worth reading!
 
In short, it looks like Abadi is looking for a new Governor of the CBI.  According to the way I read the article, it looks like Dr. Turki was really incompetent and did a bunch of corrupt mismanagement mostly for Maliki’s benefit (no surprise there)!
 
Then, we saw that Keywords was put in to replace Continue reading

CBI issues new 25K & 5K IQD Currency Notes – and a Hack Guru WARNING!

Happy Tuesday Dinarians,

Today, October 21st the CBI releases new 25K & 5K IQD notes.  Be sure to see my WARNING below, after the news article regarding Con Artists and Hack Gurus who will “spin” this news to try to steal your Dinar and/or Money!

You can go to the Arabic language side of the CBI.iq to see the news for yourself – remember, always verify from legit sources!  

LINK:  http://www.cbi.iq/index.php?pid=NewsAnnoucements&lang=ar

This news Article from the CBI talk about adding a new 25K note as well as a 5K note – what interests me, in my opinion they also essentially state that they will circulate with the existing money, not to replace the existing IQD notes! This is the same process we use here in the United States! I have more comments at the end of the article below…

Central Bank announced on Tuesday, near posed to the categories of the 25 thousand and five thousand dinars, “Bhlthma new,” promised new specifications for the two currencies as the “insured that are difficult to counterfeit,” and while pointing out that the most important changes to the currencies add a security to “magnetic ink”, he stressed not his intention to withdraw the above categories.

The bank said in a statement received (range Press), a copy of it, “that in order to develop the current series of banknotes of Iraq, and to increase efficiency, it has been printed categories of the 25 thousand and 5 thousand using the finest paper and placed where the characteristics of art and several security,” noting “The two new categories Sttrhan during the next few days in the market.”
The statement added that “the Bank has no intention to withdraw the above categories and will continue to trade…   [Despite the bad translation, in my opinion the CBI is telling the Continue reading

Dr. Shabibi – Video – Q&A RV & Redenomination – US Chamber of Commerce – April 19, 2011

Happy Tuesday Dinarians,

6893173_orig[1]For many of you “long-termers” you will have already seen this video of Dr. Shabibi, the Governor of the CBI at that time (April 19, 2011) answering Revaluation and Redenomination Questions at the US Chamber of Conference in Washington DC.

For those of you “newbies” who have been getting nothing but garbage and lies from the Hack Gurus, why not take about 9 minutes to watch this video?  The audio is a bit low, so be sure to turn up your speakers, or read the transcript below.

Please note, the following transcript is from YouTUBE User “Coqui TV”:

Original Footage by: Frothbucket. Video edited by coquidinares.
Date: Abril 19,2011
Location: US Chamber of Commerce Washington, DC

Dr. Shabibi answers a revaluation and redenomination question made by two attendees.

Transcript:

Question: Revaluation
With respect to the ongoing and need of stability in Iraq
and its exchange rate, we did not follow that there is a direct need for a potential revaluation of the currency to its due for domestic and foreign investment in Iraq, and in regard to that, how far you believe we are from a potential revaluation of the Iraqi currency.

Shabibi answer:

Well thank you very much for this question and the … ahmmm ……. even if I know the answer I cannot tell you .. (laughter) the thing is … you cannot have an economist saying without….the answer depends, so the question here is if revaluation is really going to depend on what extent we are going to continue controlling the inflation.. as you know, if you go to the Central Bank website … the first job is maintaining price stability .

So there is a little bit of inflation in Iraq … it use to be 2%… 3% … now is about 5% .

But we are watching that very carefully … If this inflation
continues we will have to revisit the question of exchange rate because revaluation depends on inflation … of course .. the other factors that determine the movement in currencies are a lot … sometimes we look at trade, exports and imports, all the obligations, the balance of payments and all this things …definitely no doubt you look at those … but those are problems related to the development part of the economy.

The question of maintaining a price stability is really something …you see the inflation and all this things….. cause nobody else in the economy is concern with inflation …. the government puts its budget… the government is the spender and the Central Bank its saver…. It’s not very important for them to concentrate on inflation …. so actually the question here is we are going to track and follow the development in inflation first and of course other factors which I mentioned. Second then will determine our exchange rate movement.

Thank you Governor. This may be the same question, so I can understand if you can’t answer. My name is Bob Kelly, I am an Investor in Iraq, the Summit Hotel in the International Zone with the OPEC financing.

Question: Redenomination

I’ve heard a report in the last couple of days That Iraq is about to cut three zeros off the currency …they call that re-denomination that may be the same question (revaluation) that you just received but I wonder if you had any information about that.

Shabibi answer

Well, I mean …. I don’t know whether if it is the same question (revaluation), I think this cutting of three zeros… shouldn’t be exaggerated … actually that is the problem…the question is … just ” re-denomination” …. and …. people writing a lot of articles in the news papers… criticizing the Central Bank…., that is going to …. the value the Iraqi dinar… that is going to depreciate … all kinds of talks. This is a question, just actually, to facilitated payment… ease of counting and all this things…. and of course when you see a lot of figures, you see trillions and huge figures…. if you want to be precise and you see twelve figures or fifteen figures or digits … So I think we have a plan on that.

If you remember … why …. there was not a government decree to add this zeros. It happened because of the course of development of the economy at the beginning of the eighties…. Inflation was very high … Inflation was rampant and therefore … I mean small denoms start not to be use … so government started to add the three zeros at the time…. and of course conditions are different now .

Inflation is under control, exchange rate is manage by the Central Bank…. all these things when you have the zeros you could not manage … not because of fault of the government or the Central Bank (only) … which I think there was but because there were a lot of exogenous (external) factors.

I’m not saying that we are champions now I mean … there were a lot external factors which affected and a lot of people did not know what to do, so they started to add three zeros and all this things.

So now the situation is completely different from that time, you had a high inflation, you have now a low inflation, you had actually something which is a stable macroeconomics situation . At that time the situation was not stable . So the only way to combat all of this things at the time was to increase the denomination and put three zeros.

Continue reading transcript here:
http://coquidinares.forumotion.com/t8504-dr-shabibi-answering-revaluation-and-redenomination-questions#35233

Let me know what you think about this?  Did you appreciate me digging up the truth and the past?  I’d be interested to know if this post has helped you.

Have a GREAT week, 

~ Mr. IQD

.

Skype Room – Private Conversation (a must read)!

Happy Thursday (again) Dinarians,

THE FOLLOWING IS AN EXCERPT FROM A PRIVATE CONVERSATION I WAS JUST HAVING WITH OW IN MY SKYPE ROOM, AND I KNEW I NEEDED TO SHARE IT WITH EVERYONE…   ENJOY! 

MrIQD-Skype-RoomI don’t know why more people in our community don’t bother to even make the effort to read the headlines, much less read a few articles each day as well as listen to the IQD Team’s Conf Call. It is so amazing how lazy they are.

They just want to be “instant scratcher lotto winners” – which is why I believe, most of them will follow the Hack Gurus, like Tony TNT, Okie Oil Man and others.

The Hack Gurus, don’t make them “think” they infact don’t ALLOW them to “think”!!!

They dictate to their followers what to say, believe and think.  I don’t know about you, but I honestly want to think for myself, which is what I constantly encourage all of you to do.  For example, rather than trust someone to tell you the Rate for the IQD, go check it for yourself on the Official Website of the Central Bank of Iraq – www.CBI.iq

Now the trick that a hack guru will pull, is to encourage you to go to CBI.iq – but then they cast doubt by saying, the “real rate is hidden, and only my contact at the [insert 3-letter agency name here] really knows the truth”… LIE!!!

And the sad reality is that these followers buy in to it because they are lazy and don’t want to put forth any effort to EARN the $$$Millions$$$ they will benefit from “Post RV”.

Which leads me to this sad reality of a conclusion

At least 80% of those hack guru followers will LOSE their entire new fortune within the first 6 to 9 months!!!

Shocked???…  This is a sad reality NOT made up by me, but a real statistic of “SWS’ (Sudden Wealth Syndrome).

Friends, please PLEASE be careful.  Remember what your mother or father told you growing up: “if it is too good to be true, then it probably is.”  

Search for “Sudden Wealth Syndrome SWS” and learn more about how to overcome the shock of being suddenly wealthy!  

The fact is – SWS will cause

60% to 80% of people to loose

all of their money within

only 6 to 9 months!!!

I honestly 100% believe in the people of Iraq and the facts (from the REAL NEWS) that Iraq is turning around their society, politics and economy!

Also, I do 100% believe their currency will significantly increase in value eventually!  Either over time, or suddenly, but I do believe it will.  

However, I believe ONLY in buying what you can afford, don’t buy lay-a-way program or reserves and be prudent with whom you do business with, seek advice from, or disclose your Iraqi Dinar holdings to.

I really hope this helps you, or someone you know in our Dinar Community.

Do you want to join in on the daily conversations that go on in my Skype Room? Then send me a request to join via this LINK.

~ Mr. IQD

.

NEWS! Maliki reported to have replaced Dr. Turki as CBI Governor!

Happy Thursday Dinarians,

I just spoke over the phone with Straight Talkin’ Mike who as you may already know is with the IQD Team.

Interim CBI Governor Abdul Basit Turki

Did Maliki Just Replace CBI Governor Abdul Basit Turki?

We discussed the Breaking News of Maliki replacing Dr. Turki as the Governor of the CBI.  Here is one of the recent News Articles they Posted on their Website:

PictureAli Keywords

MP for the coalition of state law gum honest decision by Prime Minister Nuri al-Maliki to withdraw the hand of Abdul-Basit Turki administration of the central bank and the appointment of the secretary-general of the Council of Ministers on the Keywords instead of him, noting that “Keywords able to manage the central bank.” read more >>>

Mike did say to me that he is currently working to get to the bottom of it – and that several news sources are also publishing this news story today.

It is ironic to me that Maliki’s office just earlier this week on rumors of this, put out Continue reading

Skype Room Chat – Jan 11, 2013

BE PART OF THE CONVERSATION – REQUEST TO BE A PART OF OUR ANTI “HACK” GURU SKYPE CHAT ROOM!!!

THIS IS THE POST FROM JAN 11TH:

 

[11:33:18 AM] Mr. IQD: ***** (highhopes) DebTarHeelGirl – Giving “Tax Advice” *****
[11:33:29 AM] Mr. IQD: I just found this posted to Dinar Recaps
[11:33:35 AM] Mr. IQD: ***************
[11:33:38 AM | Edited 11:34:20 AM] Mr. IQD:
Intel4U Members Thoughts, Rumors, and Opinions Friday PM

01/11/2013

(highhopes) DebTarHeelGirl: WHEN WE TALK TO OUR ATTORNEY OUR TAX ATTORNEY, FINANCIAL PLANNER, BANKER, ALL LEGAL ENTITIES, WE ARE TO USE THE WORD: CURRENCY Continue reading