I was sent the following private message – I decided to make it a full post since I get similar questions all the time. I did remove the person’s name to protect their privacy. Thanks for your question, and yes, I will add you to my Skype room! 🙂
Comment: I found the MrIQD.com website while researching whether investing in IQD (and Vietnamese Dong) is a scam. My only source of IQD intel for the past 18 months has been someone whose current “gurus” are TNT Tony, Okie Oil Man, “Mtn Goat”, and occasionally (recently) Loechin.
For about the past 3 weeks, I’ve been feeling like I’ve been “drinking the kool-aid” too long and need a more-balanced perspective on when (or if) the Continue reading →
January 29th is today’s post. We will see rhetoric from the likes of several Hack Guru’s including: Hoosier (a Chase update), TerryK, Stitch, WCW….
Note: I tried to highlight all of MarcG’s comments in “Green” – hope I got them all.
THIS IS THE POST FROM OUR SKYPE ROOM CHAT ON JAN 29th:
[1/29/2013 8:14:38 AM] MarcG.: OK, REMEMBER A FEW DAYS AGO…..THIS GUY CLAIMING HIS BANKER (WHO ALSO HAS DINARS) WAS PREVY TO SOME KIND OF INFO,…..WELL , HERE’S, THE B.S. FOLLOW UP TO THAT……………………………….. Hoosier & Chase Bank Wealth Manager “Update”
Yesterday 1-28-2013 Hoosier & Chase Bank Wealth Manager – Post From Dinar Vets LINK
Today’s Update – With Another Forthcoming:
Good Morning DV! I apologize for not posting a response to my original post yesterday. I had some issue come up and was unable to Continue reading →
There are many people and gurus in the IQD “RV” community who talk about this speech from time to time, so here you can listen for yourself!
Just in case you have not had a chance to watch Dr. Shabibi give his “famous” speech at the U.S. Chamber of Commerce in Washington D.C. on April 19th 2011 – the following four YouTUBE videos will get you caught up.
This is where Dr. Shabibi is asked by an audience member about the revaluation of the IQD, and how soon will it happen (at end of Video #2 – Shabibi’s response start of Video #3).
He also takes an audience question about the “cut the 3 zeros” – Shababi addresses this and corrects the misinformation in the newspapers about this “myth”!!!
Among many things, Dr. Shabibi discusses their need to keep “reserves” and the need for a stabilized Continue reading →
This is a MUST Read article that was written by Dr. Shabibi and we found to be originally printed by Almada Newspaper. Thanks also to Currency News Hound’s Twitter feed for bringing this great and informative article to our attention.
As a courtesy to you, we have bolded portions of the article and even added [comments to simplify the content] at times when we found Dr. Shabibi’s comments more interesting, it is best to spend five minutes and read the full article.
Foreign currency reserves .. Its importance and some of the results of the truncation of it
by D. Sinan Mohammed Rida Al-Shabibi *
CREDIT: Almada Paper | Central Bank of Iraq
There is no doubt that the government is responsible for fiscal policy in the economy. In contrast, the Central Bank is responsible for monetary policy, any actions that determine the size of the money supply and conditions in order to neutralize inflation and helping to provide a stable economic climate. There are undoubtedly problems plague the relationship between these two powers, especially if they are absent coordination between them.
Goal here is not to go into the details of these topics, but we want to focus on one subject, is of foreign currency reserves or the cover of the national currency. The root of the problem in this area focus on the belief of some, especially within government agencies [maybe he is talking about Continue reading →
What got our interest was just the first paragraph ….. 37 Trillion IQD = $27 Billion USD!!!
Now why does the CBI have $69+ Billion USD in its Reserves???
The CBI has nearly TRIPLE THE CASH NEEDED TO BACK THEIR CURRENCY “AS IS”!!!! Not to mention their natural resources, oil/minerals/agriculture etc!!!!
MOST INTERESTING INDEED…….
“Market requirements and the need for the Iraqi street, increase the size of the money supply
Written by Administrator Tuesday, August 28, 2012 05:06
Revealed the CBI for that size the money supply in the Iraqi market exceeded (35) trillion dinars / or 27 billion U.S. dollars, stressing that there bloc cash Iraqi drove out of Iraq and exposure in the markets of an international currency, but count this thing positive sign in the interest of the Iraqi economy.”
04/12/2012 :: Dubai – East April 12: Register Iraqi dinar exchange rate in local markets today 1228 for every dollar after that the price was yesterday 1223 per dollar. And less than this price for the high levels reached dinar earlier this week after rising demand for foreign currency as it recorded the dinar before three days for every $ 1292.
He said traders and specialists that there is fear of buying when shaking exchange rates do not settle if stabilized the market for 1,200 dinars, or even on 1500 per dollar there is action and Continue reading →