Saturday, April 13, 2024

"RV UPDATE" BY FRANK26, 14 APRIL

  Frank26 

 If you don't like what they [Chase Bank] have got, then go somewhere else...And when you go somewhere else you already studied the bank...vetted...looked at their portfolio...know their officers...know their structure...know how they're going to take care of your money...invest your money right?  If you say no to any of those questions you're in trouble because the leeches and parasites...vultures sense you, once the sharks know that there's chum in the water, they're going to circle you.  They're going to tear you apart.

  'Hey, MC Hammer...You Can't Touch This.  You can't touch my money Frank.'  How much money do you have?  $200 million...How much you have now?  Nothing...[this] is the situation we will be facing very soon.  You're going to be attacked...You don't like Chase, make sure you check out where you're going carefully...

Suadni got on the airplane when you guys were asleep and went to Washington.   But here's the thing, Sudani left with an entourage the size of about I think 3 airplanes or more.  Sudani is going with an amazing group of people...his whole cabinet...board of directors from the CBI, every important person ever part of their monetary reform process.  They are all going...He's going for a week.  Sudani is going to see Biden for one hour and the other 6 days and 23 hours are going to be spend on the reforms of Iraq.

"RV UPDATE" BY PIMPY, 14 APRIL

Pimpy 

 My gut feeling is they're going to re-denominate and then change the exchange rate right after that to where it should be, somewhere around $3 and something cents per dinar.  I've got 5 million.  If it goes to $3 and something, I made $15,000.  I'm a happy camper with that.  It's better than not having anything .  I understand for a lot of you you're like, 'No. No. NO. that's not good because that's not what I had in mind.'  And I'm sorry but you're asking me my opinion.  That is my opinion.  They will re-denominate the currency, LOP off the zeros - your 25,000 dinar will become 25 and then they'll reinstate the old rate...

Nearly everybody [In Iraq] earns less than $2,500/month.  75% of the population makes less than $770/month.  50% of them earn $540/month or less.  And 25% of them earn less than $400/month.  This is your average monthly salaries over there in Iraq...Labor over there is cheap.

Iraqi Dinar - 100% It is real and it will come🔥 Guru And Latest RV News ...

Iraqi Prime Minister Prepares for Meeting at the White House BY SANDY INGRAM

Parliamentary Finance talks about the reasons for delaying the budget, 14 APRIL

 Parliamentary Finance talks about the reasons for delaying the budget

Individual from the Money Council, Delegate Khalil Ghazi, on Saturday credited the defer in the government spending plan to conflicts between Sunni alliances over the character of the Speaker of the Place of Agents.

Ghazi said in a proclamation to the “, “crafted by the Place of Delegates is delayed because of the shortfall of a Speaker of the House,” focusing on that “the absence of understanding between the coalitions on naming an individual that everybody concurs upon has impacted the regulation of numerous regulations.

Ghazi proceeded, “The financial plan deficiency is an arranged shortage, and government spending is progressing even with the spending plan delay, and that implies that conditions are continuing typically.”

Ghazi closed his discourse: ” The spending plan plans were supposed to show up in the passageways of the Place of Agents before Eid, and they were deferred because of the non-goal of the Place of Delegates record and the State head’s forthcoming visit to Washington.”

Eyewitnesses expected that the spending plan deficiency in the year 2024 would arrive at 88 trillion Iraqi dinars, while the shortage in the last monetary year added up to 66 trillion Iraqi dinars, and that implies there is an expansion in the shortfall, harmonizing with the money related mass shortfall and the absence of monetary liquidity.


"RV UPDATE" BY BREITLING, 14 APRIL

 Breitling 

 The dinar is real.  The opportunity is real.  I know you have to have an atomic, almost God like patience.  I'm just like everybody else, can't wait for them to add value to it.  But it is real.  I think people who stick with it are going to benefit from it, 100%.  It is real and it will come.

o I believe in their [Iraq's] business plan?  Absolutely.  Do I know where the value is coming from?  Absolutely.  Artificial inflation...

They have more customers and they're selling even more energy.  How can it be at a 10th of a penny?  Nobody can tell me this.  Well Tony they printed too much currency.  Hallelujah, praise Jesus!  Why did they print too much currency?  Why do they have too much currency?  Did somebody tell them to do that?  Was it Abraham Lincoln? 

 Who was it?  And why are they doing it?  And now you can start putting this together. 

  It's artificial inflation  They're selling their energy in the US dollar and that's what's backing up their currency.  It's a massive opportunity.  But that's the power of inflation.  That's what happened to Iraq and they're going to get out of it...  

"THE DIFFERENCE BETWEEN KUWAITI RV & THE IQD RV" BY BREITLING, 11 MARCH

 Breitling 

  Question:  "The difference between Kuwaiti revaluation and the Iraqi dinar - what's the difference?"

  It's a completely different model...Kuwaiti got invaded. Saddam Hussain stole the printing press, the Kuwaiti version of the Treasury.  Stole everything... Iraqi dinar was completely different.  It was planned. 

 They knew the old Iraqi currency was going to collapse.  We injected their economy with dollars and euros.  That's when they took the old dinars off the streets and introduced the new dinar you and I have.  It's a completely different model.  There's no way to compare.

I think the dinar is going to revalue.  I think it's great.  It's a great opportunity.  A lot of it has to do with its foreign currency reserves which is in the US dollar.  It [Iraq's] is one of the biggest in the world.

"What is Iraq waiting for at this point [to RV]?  

No body knows...When [Senator] McCain was around those were the heavy hitters.  Those were the guys I would listen to.  This was nothing 'official' but these guys knew what was going on, 'you want to be in the dinar.'  I have some very good friends who didn't buy it and they talked to McCain and he said you better buy this currency. 

 According to them, it should have happened by now.  I still hang out with the same group and to this day nobody knows why Iraq has not pulled the trigger yet.  What's strange is back in the day Iraq didn't talk about it that much, now they talk about it all the time.  Whatever the CBI is looking at, it's starting to look like they need to be there. 

Question: "Why do the [Iraqi] citizens want to keep using the dinar when the value is so low?"  

 Not everybody has access to the US dollar for one thing.   #2 It's artificially low.  A lot of Iraqi's know this.  They know what's  going on.

  There's nothing they can do about it.  That's one of the things, if you watch the parliamentary elections of Iraq one of  the number one campaign promises all these guys make is we're going to add value to the dinar.  They know it's artificially low.    [They look around and think] we're selling more energy, the price per barrel is more, we have more customers and yet the dinar is  [worthless] and we're all running around in poverty.  

Question:  "When it does revalue, when do we get out?  How long do we wait?" 

 That depends on your own needs.  Are you trying to get a house?  Are you trying to pay off a loan?  What is it because once you hit that number get out.  Or if it doesn't go up to that number - Let's say you're trying to make...$250,000 and you realize the investment is only going to get you about $180,000, then get out!   Diversify.  Get into something else.  Don't just stick around.

The only way you can answer those questions is you have to put a piece of paper down and realistically what is it that you want.  You have to be realistic about it.  

You can't say the first thing is I'm going to start off with a $50 million dollar mansion.  Don't be stupid...Let's be a little more practical.  A home over your head, debt free, for you and your family...then you can go for the big stuff.  Your investments are based on that...what it is you want.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-breitling-16-dec.html

https://dinarevaluation.blogspot.com/2024/03/the-difference-between-kuwaiti-rv-iqd.html

Iraqi dinar 🔥Iraq has completed it’s homework now it’s time to cash out ...