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Straight Talkin Mike~~RV for Dummies~~Discussion 10 year period & the LOP

7/7/2012

 
Straight Talkin Mike Comments about Article referencing the 10 year Period and the LOP

"Parliamentary Finance: Central Bank will continue to receive the old currency for a period of ten years" (Article is at bottom of this post - below comments made by Straight Talkin Mike on Thursday, July 5, 2012)

Straight Talkin Mike....July 5, 2012

So Shabibi Had a meeting with Maliki a year ago on June 19, 2011...So lets see they were ready a year ago...Its now July 5, 2012 - yes I would say they are ready to go...

This is going to be "RV for Dummies".....Let me break this down and understand why this is so important so all of the misinformation being given out on other calls can go away.....

You have 30 trillion dinars...thats the total M3 money supply...you have an internal money supply whats in the bank and whats in
the Iraqis pockets..thats the M1 money supply...thats a smaller portion of the total money supply..there are countries that hold dinar...We hold dinar in another country...Theres 15 trillion or less in country...most of that other is held outside of the country..there is not much held in the banks...

The reason this 10 yr period is so important is because when other countries cash out their money it goes to their Central Bank...Ours goes to the Federal Reserve Bank..Now they are not like all of us who just hit the lotto and are going to run and cash in your money and go out and spend it.....Central Banks are going to hold onto that money which means the have a 10 yr period to exchange what they have in their reserves for the new money.....they do that ...we don't do that....we just trade it in...this is almost like depreciating this money over 10 yrs for him as far as paying for the RV.....they are making it very clear to the world each time we see one of these articles that there is going to be a 10 yr period for these Central Banks to do that...

Now we may only have 2 yrs which is what they say and we are in this process and they are going to run them concurrently for 2
yrs and the new currency is coming out ....We believe that sometime before this currency comes out this RV will take place because you can't issue the new currency with money that is worthless because it costs more to print it than it does...

Now the debate can rage on all it wants on whether or not they are ready but when you have the Governor of the Bank a year ago telling them they are ready to do this and they wanted to do as of January of this year..June last year they went to Maliki and said we are ready to do this 2012...well all of the political stuff went on so they moved it to 2013 so they are beyond the point of no return..they know they are going to do this and that this is going to happen..as we move along this ride they are giving us all of friendly information to keep everybody on board...

Now everybody can come up with their theories and all of that other stuff...they are not not going to lop their currency...they are not going to take value away from it...we here on this team believe that this investment will be worth more than what we paid for it at some time in the future....Period... end of story...You can talk about all of the other theories, etc but this is basically what these articles are telling us and that the Finance Committee is on board.....I don't think we have had this kind of response from the Finance Committe ever....its almost like they are over zealous at the Finance Committee--they don't understand the difference between oversight and monetary policy..they think they have to implement all of this..so they are out there blabbering and talking away...half the time in these articles they don't know what they are are talking about - so when you read an article make sure where it is coming from..is it coming from the Finance Commitee or is it coming from Shabibi at the CBI...the more correct information is going to come from the CBI....the overblown info from the Finance Committes because they truly do not understand what that process is....so we really need to make sure you understand your frame of reference when you read these articles...but this is another article that lets us know that as they have been telling us for the last 1 1/2 years...there will be a 2 yr period...currencies will run concurrent which means they will have equal value....they keep on telling us that...and that at some point in time over 10 yrs people can turn these in and when they talk about people they are talking about the Central Banks...
It is truly that simple...people try to overcomplicate it....



Parliamentary Finance: Central Bank will continue to receive the old currency for a period of ten years
Published on Thursday, 05 / 2012 08:35 | posted by: Rasan | Print | E-mail | Hits: 253

BAGHDAD / With: revealed the parliamentary finance committee that the central bank has agreed to allow replacement of the survival rates for ten years from entry into the exchange, stressing that the three companies had to perform the printing new currency.

A member of the Finance Committee, the parliamentary Haitham al-Jubouri said in an interview to the correspondent of news agency future: "The Finance Committee and even the central bank were afraid of the process of handing over money to the Iraqi banks could see the manipulation or through which some of extortion in order to reduce the delivery time therefore, and after studying the abundant of the subject and agreed conservative central bank that there is a lot of time represented by ten years to the Imam on the currency exchange receipt of new surveys of the Iraqi currency and replace the old El Jadida. "

The Jubouri that "a mechanism to replace the currency will be in two years and the first three stages are the printing process and secondly the process of offering the two currencies in the markets of Iraq and the third pull the old currency and to keep only the new currency."

The Jubouri that "there are companies presentations were made to the Central Bank and the Iraqi government in order to compete on the process of printing new Iraqi currency as each company competes in terms of price, first hand, security second, and both these issues are two important too, noting that all the offers are under hand, but must first get to the final decision to switch the currency or not, and then can receive offers and discussed in detail. "

The Jubouri that "the offers made are from Switzerland and Russia and Brazil and that these offers are competing in terms of the quality of the paper and worker security primarily, so the offers must be subject to a discussion of a specialized committee of the Central Bank of Iraq to determine the priorities of the companies that can be printed Iraqi funds ".

The Central Bank of Iraq announced (29 September 2011) that the year 2013 will see the deletion of zeros and currency exchange rates, pointing out that the current formed a cluster of large cash estimated at 30 trillion dinars.

According to some economists that Iraq is ready for the time being to delete the zeros of the Iraqi dinar, pointing out that the deletion of zeros needed to stabilize the security and political as well as economic stability.

And declared the Iraqi Central Bank Governor Sinan Shabibi independent bodies during a meeting with Prime Minister Nuri al-Maliki, which was held in (June 19, 2011) is ready to create all supplies to replace the Iraqi currency. (Finished)

Marwan Shuwaili

Source


FLASHBACK: FINALLY A COMMON SENSE ANALYSIS OF THE "LOP" / "DELETING ZEROS"

3/20/2012

 
FINALLY A COMMON SENSE ANALYSIS OF THE "LOP" / "DELETING ZEROS"
    - by Mr. Anonymous


There has been a lot of confusion and frankly a lot of mis-information about the two terms "LOP" and "DELETING ZEROS" of the Iraqi Dinar.

I would like to take just a minute or two of your time and offer to you a common-sense approach to look at these two very confusing terms!

These two terms are simply nothing more than a casual language expression for the Iraqi Banks taking the IQD currency "old" bills which have "three zeros" on them (i.e. the 1,000; 5,000; 10,000 & 25,000 IQD Notes) and removing them from the Iraqi Economy!  That's it!  Nothing More!


HERE IS AN EXAMPLE WE ALL CAN RELATE TO

In the United States, several years back, when the Federal Reserve wanted to roll out our "new" currency with the "large" pictures on them to better fight counterfeiting (humm, sound familiar?), what did The Fed Reserve do?  The Fed Reserve told all the Banks to "delete" the "old" US currency (i.e. "small" pictures) from our US Economy!  Right?  And, note this, the Fed Reserve told our Banks to "delete" the "old" US currency, but it is still valuable, you can still spend it, right???!!!

So, how are the US based Banks able to "Delete" the "old" US Currency?  

Simple, whenever the Banks receive an "old" currency note they hold it, then send it to the Fed Reserve, where the Fed Reserve will destroy those "old" notes.


DOES THIS NOW MAKE SENSE?

Comparing what the United State's Fed Reserve is still doing with "deleting" our "old" (small pictures) currency to that which Iraq's Central Bank (www.CBI.iq) is essentially going to do with the process of "deleting" their "old" (three-zeros) currency to replace it with the "new" currency, does this now make sense to you?  Because it made sense to me when I heard it explained.

Think about this also, the head of the CBI, Dr. Shabibi has said that this will be a process which will take two years.  He has also said in a very recent News Article as posted on TheIQDTeam.com website and read on one of their recent conference calls, the CBI plans to honor all of the "old" (three-zero) currency notes for at least 10 years!

After knowing this, now you can feel safe in knowing the truth of the process!!!  And not what you may have heard or read on an "Intel" or "Rum-tel" site.  There is no need to panic.  Think about it, if you still are holding on to "old" US Currency, you can still use it - right?


ANOTHER THING TO CONSIDER IS THIS...

Why did Dr. Shabibi tell the world in several News Articles that the IQD's "old" (three-zero) currency will be valuable for at least 10 years?  Was he saying this to his people of Iraq?  Was he saying this to you and me?  NO!!!  Well then why???!!!

Here is why!  Dr. Shabibi was telling this to the US Treasury and to most of the Governments around the world that currently hold IQD in their Foreign Currency Reserves!  Governments will NOT tolerate these "old" (three-zero) currency to suddenly be valued as "worthless"!!!!  Right!!!???  Can you say WAR!!!???  

Do yourself a favor if you are new to the IQD "Investment" or if this issue still confuses you or worries you.  Please take a little time and read the Article "The Future of Iraq Project" (especially the last section 20 on the Banking system)  Here is the direct download link:  http://www.theiqdteam.com/future-of-iraq-project--other-links.html


IN CONCLUSION...

Hopefully you now better understand these two terms "LOP" and "DELETING ZEROS" of the Iraqi Dinar and are no longer confused by them when you hear them or read them.

You now know that these two terms are nothing more than a badly translated expression that is being used for the well planned process of removing the "old" (three-zeros) IQD currency from the Iraqi Economy by the Iraqi Banks.  This will be done over a specific time and it has absolutely NOTHING to do with the IQD currency's actual value!

As most of us Dinarians have already figured out, there are a LOT of RUMORS out there and "Gurus" that seem to purposefully (for whatever reason) want to float "bad" information on the Dinarian Boards, Chat Rooms and Conference Calls.  

If you have questions about the Iraqi Currency, or you saw a post that the IQD has "RV'd" and you want to verify it for yourself, then the very first place to check before calling or emailing anyone is check the www.CBI.iq website.  The CBI.iq website is your ONLY RELIABLE SOURCE OF INFORMATION as to the ACCURACY of the Current IQD Exchange Rate!

THANKS FROM THE IQD TEAM





The IQD Team: Helpful Information about the FAQ "LOP"

3/20/2012

 
The two links below will help you understand the "LOP  that is brought up so many times on the call...Take the time to review this information to help you understand this.

Finally a Common Sense Analysis of the LOP - Deleting Zeros


Recorded Explanation LOP

Flashback: The IQD Team: Recorded Explanation LOP

3/20/2012

 
Recording of a portion of  a Conference Call with "Highlander" about the LOP...Sept 2011

641-715-3900  Pin 391178#

LINK

Dinar Recaps: Negative Arbitrage - RV-The Law of Common Sense

2/27/2012

 
Negative Arbitrage - RV-The Law of Common Sense

02/27/2012 Negative Arbitrage (RV-The Law of Common Sense):

2/26/12

February 26th, 2012 09:27 am · (Post From Dinar Daddy Tidbits)

Just know your plan and know it well. I would seek out advice away from the sites with a professional so you may weigh the information given and not fully trust everything you get in dinar land.Now that being said how is it that in this investment your a millionaire or you break even or gain a third back.I invested my money with the hopes of gaining a good rate of return and the outlook I see with my own eyes is telling me that Iraq and the future of Iraq looks very good. I see no reason the offered buy back rate should be below $ 0.12 And if I’m wrong and we see it come out at $ 1.20 thats great .

I do not care about your new currency or what you think you need to do with your zeros. What I do care about is seeing that an investor putting his money into the most unstable area on the planet is able to prosper if he see’s his investment to prosper as well.

The numbers showing to us would say were going to do very well. I think the one’s that control this RV are full aware of the fact the rules can change without warning. But if a LOP or anything close to it were to happen with the Iraqi dinar given the facts showing today.And you are offered a rate that does not show its true potential. This is the shot heard around the world. Take this site your on now, have you ever thought about it’s name ? (Vets) They were the one’s that invested first ” and without people buying your worthless currency -its the one thing that enabled you to show the U.N. that you can count with the world trade its only the foundation of everything you now have” If not for us making investments you would remain under the close eye of the U.N. The Commander in Chief passed a law for these Vets to invest once they got home. Since 1989 we have been in the desert fighting a humanitarian battle that has a price tag for removal of dictatorship so it’s people may prosper. A LOP would be the fastest throw back to modern racial tension ever seen not to mention those Vets that made it possible for your new prosperity you just took a **** on. And then we can address the fact that our own government knows you are remembered by the last chapter written in the book. I do not see where George Herbert Walker would like reading about a LOP attached to his Gulf War and Iraq coming out party into Democracy over shadowed by a public outcry of disapproval of the management of Iraq’s final outcome of the last 23 years this would over take any Rodney King parade known. All eyes are on Iraq as they emerge onto the worlds stage . Will they take after the United States as the financial model on what emerging markets should avoid and learn from our INFLATED TRAVESTY. Or do they pay the dues back to the people ? Its a coin toss God’s speed.


LINK:



Dinar Daddy: Article from the NY Federal Reserve regarding LOP or devaluation of currency

2/25/2012

 
Thanks to Dinar Daddy for this post

* (Article from the NY Federal Reserve regarding LOP or devaluation of currency): OOM 2/22/12

February 22nd, 2012 04:04 pm · Posted in CHATS & POSTS (Iraqi Dinar Info)
This article comes from the NY Federal Reserve.

http://www.newyorkfed.org/aboutthefed/fedpoint/fed38.html

Lets look at a few key points.

Under What Circumstances Might a Country Devalue? When a government devalues its currency, it is often because the interaction of market forces and policy decisions has made the currency’s fixed exchange rate untenable. In order to sustain a fixed exchange rate, a country must have sufficient foreign exchange reserves, often dollars, and be willing to spend them, to purchase all offers of its currency at the established exchange rate. When a country is unable or unwilling to do so, then it must devalue its currency to a level that it is able and willing to support with its foreign exchange reserves.

One of the things the CBI seems to be very proud of is that their foreign reserves are the highest in the history of the country so this point doesn’t seem to be one that would make Iraq want to devalue or LOP their currency.

A key effect of devaluation is that it makes the domestic currency cheaper relative to other currencies. There are two implications of a devaluation. First, devaluation makes the country’s exports relatively less expensive for foreigners. Second, the devaluation makes foreign products relatively more expensive for domestic consumers, thus discouraging imports. This may help to increase the country’s exports and decrease imports, and may therefore help to reduce the current account deficit.

Currently Iraq has no products to export other than oil and they don’t want their oil exports to be cheaper they want to sell them for the same price all the other countries are selling them for. Besides that Iraq has no manufacturing right now so they have no domestic products to consume meaning that if they make imports more expensive that is going to be a huge negative for the people of Iraq.

There are other policy issues that might lead a country to change its fixed exchange rate. For example, rather than implementing unpopular fiscal spending policies, a government might try to use devaluation to boost aggregate demand in the economy in an effort to fight unemployment. Revaluation, which makes a currency more expensive, might be undertaken in an effort to reduce a current account surplus, where exports exceed imports, or to attempt to contain inflationary pressures.

(The only comment I can make here is that inflation doesn’t seem to be a huge problem right now and devaluing their currency to fight inflation when it seems to be pretty much under control doesn’t make sense.)

Effects of Devaluation A significant danger is that by increasing the price of imports and stimulating greater demand for domestic products, devaluation can aggravate inflation. If this happens, the government may have to raise interest rates to control inflation, but at the cost of slower economic growth.

Iraq has no domestic products to speak of so why try to stimulate a greater demand for domestic products if there are none until they build their country up first? Oh and speaking of that, can they really afford slower economic growth? They want their economy to grow FAST not slower!

Another risk of devaluation is psychological. To the extent that devaluation is viewed as a sign of economic weakness, the creditworthiness of the nation may be jeopardized. Thus, devaluation may dampen investor confidence in the country’s economy and hurt the country’s ability to secure foreign investment.

OK, so we hear a lot of talk about how the GOI wants the people of Iraq to be confident in their country and their currency. A LOP does the exact opposite of that. Is this what they want to accomplish? I don’t think so. Oh and do they REALLY want to dampen investor confidence and hurt the country’s ability to secure foreign investment? NO, they want to encourage foreign investment, that is what they are trying to accomplish here folks!!!

Another possible consequence is a round of successive devaluations. For instance, trading partners may become concerned that a devaluation might negatively affect their own export industries. Neighboring countries might devalue their own currencies to offset the effects of their trading partner’s devaluation. Such “beggar thy neighbor” policies tend to exacerbate economic difficulties by creating instability in broader financial markets.

(I don’t see Kuwait devaluing their currency, but I guess Iran or Syria might, but oil is the main product these countries have to export and this type of devaluation usually occurs with countries exporting a finished product that other countries want to import like China does with all its manufacturing which is a completley different ball game than the one Iraq is playing in.)

You can go read the whole article for yourself but reading this tells me that Iraq does not want to devalue or LOP their currency because it is counter productive to everything they are trying to do here. Go ahead and beat me up if you want, but I don’t see a LOP as doing anything but going against everything Iraq is trying to accomplish here.

http://theiraqidinar.com/2012/02/22/article-from-the-ny-federal-reserve-regarding-lop-or-devaluation-of-currency-oom-22212/2/

Dinar Recaps 10 Reasons the Iraq Dinar Will Not LOP Kaperoni

11/22/2011

 
_Just Da Truth (FROM KAPERONI; 10 REASONS THE IRAQ DINAR WILL NOT L.O.P !!!!!): OOM 11/22/11

November 22nd, 2011 07:41 am · Posted in CHATS & POSTS (Iraqi Dinar Info)
 
10 reasons why the IQD will not LOP
 
1. Monetary policy was a success talking inflation from 35% or higher to around 7% currently.
 
2. Any type of currency devaluation (LOP) is considered a failure of monetary policy. Dr. Shabibi has not failed.
 
3. Lesser value notes in circulation such as 50, 250, 500. Devaluing the larger 3 zero notes would make them worth less than these lesser notes.
 
4. Iraq wants the dinar to be an international reserve currency. Cannot devalue the notes in reserve (25,000), circulate them as payment, or traded amongst countries.
 
5. Iraq holds arguable the second largest oil reserves and is mineral rich. They are too wealthy to not honor the value stated on the notes.
 
6. Iraq has stated..They want the “strongest currency in the Middle East” Any such type of LOP would be a devaluation and therefore not considered strong.
 
7. US holds dinar as a result if funding the CBI initial reserves. This dinar will eventually payoff the war debt.
 
8. One of the authors of the currency exchange plan – Assistant Professor Dr. Fadel states in his documentation, “We must emphasize the extremely important issue is that if you remove three zeroes from the currency should not affect the actual value thereof to be trading in the old currency…”
 
9. In 2003 when the NID was introduced at it’s initial rate, the previous currency was in essence devalued taking all wealth from the country to prevent funding of terrorism. Raising the currencies value will in essence, return that wealth now that the GOI is stable and economic conditions have improved.
 
10. The CBI has stated “both currencies will co-exist” and the process will not change the “monetary value” of the dinar.

I WANT TO ADD THIS, LAST WEEK I POSTED A CHAT FROM KAPERONI, AND A MEMBER SAID; WHY BELEIVE THIS, IT’S FROM THE G.O. I !!! WELL PEOPLE WHO DO WE BELEIVE, SOMEONE WHO RESEARCHES, OR SOMEONE WHO DOES NATA AS FAR AS SEARCHING, AND SAYS IT WILL R.V. AT MIDNIGHT. MANY PEOPLE GET THEIR HOPE UP, ONLY TO BE SHOT DOWN ANOTHER DAY. Just Da Truth
 

Dinar Recaps: Fractional Banking

10/29/2011

 
HOW FRACTIONAL BANKING WORKS TO ALLOW FOR A REVALUATION OF THE IQD - JOSEY WALES At OOMF - 10/17/2011
From Dinar Recaps 

(Post by Red Lily)

How Fractional Banking Economics will allow a high RV EXPLAINED:

First off, I’ll use the exchange of a 10,000 IQD note as my example. To help
explain the economics of this cash-in example, I will use a 1:1 cash-in ratio
between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.

What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2%
spread, you would personally receive a net take-home of $9,800 credited to your
bank account.

What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account. They
will also be able to add the $200 profit to their “capital account”.

If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.

Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the
quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).


Furthermore, the US Treasury’s rate is higher than the banking rate (we will
use in this example 1.25), thereby further reducing their “net cost” from
$6,500 to $4,000.

Oil Now Enters the Picture:

At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq.
Payment will consist of a $12,500 transfer from the Fed’s foreign currency
reserve IQD account to the IRAQ Oil payment account at the CBI in a form
otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

How the CBI “RECAPTURES” the Money:
The $12,500 order is filled with 250 barrels of oil based on the spot price on
the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note!
Can they afford that? I think so! So, instead of paying out $12,500 for a
10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

The transaction is completed with the Federal Reserve exchanging foreign
reserve credits which are equal to $12,500 USD (which had a net acquisition
cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

Other Factors that Strengthen Iraq’s Position and Ability to RV:

■DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen
assets (estimated at $100 billion) will be returned back to Iraq and added to
their foreign currency reserve, bringing it up to $430+ billion USD.
■CBI IQD Reserve Requirement
Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time.
As a result, the the total potential money supply will be raised in value to
$2.8 Trillion (430 billion/15), while at the same time, the total physical IQD
in circulation will be reduced by removing the large bills with the 3 zeros
over a period of 2 years, as they have indicated.
■Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.
■Oil Futures & Forex Contracts Added: To further stir the pot, the
CBI will continue to use it’s sales window to market oil futures and forex
contracts. They have shown they can generate significant cash flow in the
private market. Think of their impact in public markets.
There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

■Investor’s Net Gain: $10,000 –
$200 = $9,800 x .65 = 6,370 for an investment
that cost $10
■Bank’s Net Gain: $200 added to
“capital account”, plus $2,000 they can use to loan out.
■US Treasury Net Gain: $2,500
from the .25 spread on top + $3,500 in quarterly taxes = $6,000
■CBI/GOI/Iraqi People Net Gain:
$12,500 – $162.50 = $12,337.50 + Profits from
“Other Factors”
■Overall Net Gain for All
Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20
This is the wealth that was generated from a single 10,000 IQD note that was
given an original value of approximately $10! Is that amazing or what?! You
tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!



LOP Recorded Explanations; The IQD Team & Highlander

10/4/2011

 
Recording of a portion of  The IQD Conference Call Sept 2011

Where does the Money Come From?
Why There will be NO LOP

641-715-3900  Pin 264795#

LINK


Highlander Also Explains on Another Conference Call:

641-715-3900  Pin 391178#

LINK

Dinar Daddy: Making Sense of the Numbers; NO LOP! Fractional Banking OPINION

10/4/2011

 
Dinar Daddy:  OPINION

SEPTEMBER 27, 2010 12:29 AM · 
 
All,
From the moment I’ve been in this investment even until now, the debate of LOP versus RV has been raging.  
 
That very argument is what drove me and thousands of others AWAY from Investors Iraq (IIF), as it appeared it was absolutely overrun by those who felt it was their mission to squash the hopes and dreams of other investors.  I am sharing this with the permission of those who have helped bring me this concept to light, from several legitimate economists and very sharp minds, their perspective to help each of you understand this dilemma.
 
I don’t know about you, but I’ve been told time and again by those who are absolutely in a position to know that this will NOT be a LOP, but will be a straight-up RV, yet I found myself not being able to refute the arguments of those who brought only “part of the truth” forward, using the “numbers” to their advantage through logical focus on that which was clearly understood.  This post of mine is dedicated to explaining how an RV will happen.
 
CONCEPT EXPLAINED:
First off, I’ll use the exchange of a 10,000 IQD note as my example.  To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.
 
What You Will Receive:
If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.
 
What Your Bank Will Receive:
Your Bank will receive a $10,000 credit to its Federal Reserve Account.  They will also be able to add the $200 profit to their “capital account”.
 
If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan.  To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.
 
Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.
 
What the US Treasury Will Receive:
First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket.  This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in).  Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.
 
Oil Now Enters the Picture:
At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.
 
How the CBI “RECAPTURES” the Money:
The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)
 
What does all that mean?  It cost Iraq $162.50 to bring back a 10,000 IQD note!  Can they afford that?  I think so!  So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50!  That doesn’t add to the money supply much at all does it!  They receive their IQD back and place it in the CBI, or destroy it.
The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.
 
More completely explained, and simply put,  it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)
 
Other Factors that Strengthen Iraq’s Position and Ability to RV:
DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.
CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time.  As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.
 
Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.
 
Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market.  Think of their impact in public markets.
 
There, my friends, is how this plan will be enacted and made possible.  Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil.  This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.
 
So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:
 
Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10 Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.
US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000
CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”
Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20
 
This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10!    Is that amazing or what?!  You tell me… can Iraq afford NOT to RV?!!!  Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!
In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a 
couple of years ago, even the greatest redistribution of wealth the world has ever seen.  Believe it or not, it has happened for this very purpose, and it IS coming!
 
Go Iraq… Go Understanding… Go RV… Go Dinar!
Dinar Daddy
 
http://theiraqidinar.com/2010/09/27/dinar-daddy-making-sense-of-the-numbers-no-lop/ 
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