Thread: Iraq/Dinar News. 09/05 to 01/14/07

Yup 22nd September 2003 was definatley a Monday.

This was posted a couple weeks ago on IIF by Mc Dig. I think it is brilliant and wanted to bring it here - I hope he doesn't mind . . . His theory? Security won't improve until the Economy/financial situation improves. Enjoy . . . .

Mc Dig said Imho,

A large, overnight r/v is necessary. The hydrocarbon, and foreign investment law will require oil and natural gas sales to be in Dinar, also all foriegn investment in the oil industry and country at large will, by law, be made in Dinar.

The oil industry, does not care about security or lack there of. They will make a cost benefit analysis that will include the risks to property and human life. Given the vast oil and natural gas reserves and the low cost of extraction; they will be fighting to invest their billions and billions of Dinar into oil contracts, refineries, infrastructure etc.

This will create an instant and high demand for Dinar.

Many people think, mistakenly that because they will be running to the bank the day after an R/v with their 1,5,10,5o or 100 million dinar that everyone that holds dinar will do the same. The fact is that the holdings of individual investors are a small, tiny drop in the bucket relative to the trillions held by the treasuries of the US, Britain, etc.

In addition there are the George Soros' of the world who also have billions on billions of Dinar. These large holders that I imagine have the majority of Dinar, are not going to run down to the bank to cash in. They will wait, use their Dinar to purchase oil, and watch the currency rise to $2 and eventually over $3.

So, while you are running down to your local bank, to sell your Dinar. Oil Companies, Governments, other individual investors - large and small- will be buying it up. Because at $.20 or $1.20 it will still be a great investment.

Finally, many have the chain of events backwards- security will not create an environment for economic stability- rather economic stability will creat an environment for security. People would rather have a job,make money buy a car, chase girls or guys, get married and have kids then turn themselves into a bomb. It is hard to be really angry and violent when there are opportunities to prosper.

This is all pure speculation on my part though I would be surprised to see an r/v of less than $.10 and would expect it to be greater.

Originally Posted by Nomrah I

This was posted a couple weeks ago on IIF by Mc Dig. I think it is brilliant and wanted to bring it here - I hope he doesn't mind . . . His theory? Security won't improve until the Economy/financial situation improves. Enjoy . . . .

Mc Dig said Imho,

A large, overnight r/v is necessary. The hydrocarbon, and foreign investment law will require oil and natural gas sales to be in Dinar, also all foriegn investment in the oil industry and country at large will, by law, be made in Dinar.

The oil industry, does not care about security or lack there of. They will make a cost benefit analysis that will include the risks to property and human life. Given the vast oil and natural gas reserves and the low cost of extraction; they will be fighting to invest their billions and billions of Dinar into oil contracts, refineries, infrastructure etc.

This will create an instant and high demand for Dinar.

Many people think, mistakenly that because they will be running to the bank the day after an R/v with their 1,5,10,5o or 100 million dinar that everyone that holds dinar will do the same. The fact is that the holdings of individual investors are a small, tiny drop in the bucket relative to the trillions held by the treasuries of the US, Britain, etc.

In addition there are the George Soros' of the world who also have billions on billions of Dinar. These large holders that I imagine have the majority of Dinar, are not going to run down to the bank to cash in. They will wait, use their Dinar to purchase oil, and watch the currency rise to $2 and eventually over $3.

So, while you are running down to your local bank, to sell your Dinar. Oil Companies, Governments, other individual investors - large and small- will be buying it up. Because at $.20 or $1.20 it will still be a great investment.

Finally, many have the chain of events backwards- security will not create an environment for economic stability- rather economic stability will creat an environment for security. People would rather have a job,make money buy a car, chase girls or guys, get married and have kids then turn themselves into a bomb. It is hard to be really angry and violent when there are opportunities to prosper.

This is all pure speculation on my part though I would be surprised to see an r/v of less than $.10 and would expect it to be greater.

Sounds right, there will always be security issues over there, it's in their blood, but sooner or later their government are going to have to jump in with a r/v and get their country back to what it was and at least equivalent to their neighbours.

Originally Posted by Adster

Sounds right, there will always be security issues over there, it's in their blood, but sooner or later their government are going to have to jump in with a r/v and get their country back to what it was and at least equivalent to their neighbours.

I'll take sooner!

Originally Posted by Nomrah I

This was posted a couple weeks ago on IIF by Mc Dig. I think it is brilliant and wanted to bring it here - I hope he doesn't mind . . . His theory? Security won't improve until the Economy/financial situation improves. Enjoy . . . .

Mc Dig said Imho,

A large, overnight r/v is necessary. The hydrocarbon, and foreign investment law will require oil and natural gas sales to be in Dinar, also all foriegn investment in the oil industry and country at large will, by law, be made in Dinar.

The oil industry, does not care about security or lack there of. They will make a cost benefit analysis that will include the risks to property and human life. Given the vast oil and natural gas reserves and the low cost of extraction; they will be fighting to invest their billions and billions of Dinar into oil contracts, refineries, infrastructure etc.

This will create an instant and high demand for Dinar.

Many people think, mistakenly that because they will be running to the bank the day after an R/v with their 1,5,10,5o or 100 million dinar that everyone that holds dinar will do the same. The fact is that the holdings of individual investors are a small, tiny drop in the bucket relative to the trillions held by the treasuries of the US, Britain, etc.

In addition there are the George Soros' of the world who also have billions on billions of Dinar. These large holders that I imagine have the majority of Dinar, are not going to run down to the bank to cash in. They will wait, use their Dinar to purchase oil, and watch the currency rise to $2 and eventually over $3.

So, while you are running down to your local bank, to sell your Dinar. Oil Companies, Governments, other individual investors - large and small- will be buying it up. Because at $.20 or $1.20 it will still be a great investment.

Finally, many have the chain of events backwards- security will not create an environment for economic stability- rather economic stability will creat an environment for security. People would rather have a job,make money buy a car, chase girls or guys, get married and have kids then turn themselves into a bomb. It is hard to be really angry and violent when there are opportunities to prosper.

This is all pure speculation on my part though I would be surprised to see an r/v of less than $.10 and would expect it to be greater.

This has always been my viewpoint. You don't get security in the region without economic growth. I was talking to my Father-in-Law, who was asking about why would they revalue their currency at such a high rate. I told him, simply, it's one of value.

To expand on that, I said, "Take the average iraqi citizen. He/she has the equivelant of roughly $100-$300 USD, per month. They're getting almost nothing, and they have almost nothing. These folks, most of them probably know all about the insurgents and where they are... But why rat them out to the military? They have nothing to gain - They have next to nothing to protect. Now, revalue their currency to something that has a lot more buying power, and all of a sudden, you have a country of citizens with something far more valuable, and worthy of protection. They'll start turning on these insurgents, because they suddenly have a lot more to lose".

Just my take on it... I agree with the original poster 110%. Make the economy something valuable, and security will start taking care of itself. Try to do it the other way, and you're never going to get ahead of the game. Just my $0.07 worth.

Originally Posted by WebGuy75903

This has always been my viewpoint. You don't get security in the region without economic growth. I was talking to my Father-in-Law, who was asking about why would they revalue their currency at such a high rate. I told him, simply, it's one of value.

To expand on that, I said, "Take the average iraqi citizen. He/she has the equivelant of roughly $100-$300 USD, per month. They're getting almost nothing, and they have almost nothing. These folks, most of them probably know all about the insurgents and where they are... But why rat them out to the military? They have nothing to gain - They have next to nothing to protect. Now, revalue their currency to something that has a lot more buying power, and all of a sudden, you have a country of citizens with something far more valuable, and worthy of protection. They'll start turning on these insurgents, because they suddenly have a lot more to lose".

Just my take on it... I agree with the original poster 110%. Make the economy something valuable, and security will start taking care of itself. Try to do it the other way, and you're never going to get ahead of the game. Just my $0.07 worth.

Since we are non Iraqis and figured this out, why do you think is taking them so long to figure it out? If you have something to live for, then dying for nothing will begin to lose it's appeal. This isn't rocket science here. Give the people some real bonifide hope and they'll take it from there. IMO

worf

Originally Posted by Nomrah I

This was posted a couple weeks ago on IIF by Mc Dig. I think it is brilliant and wanted to bring it here - I hope he doesn't mind . . . His theory? Security won't improve until the Economy/financial situation improves. Enjoy . . . .

Mc Dig said Imho,

A large, overnight r/v is necessary. The hydrocarbon, and foreign investment law will require oil and natural gas sales to be in Dinar, also all foriegn investment in the oil industry and country at large will, by law, be made in Dinar.

The oil industry, does not care about security or lack there of. They will make a cost benefit analysis that will include the risks to property and human life. Given the vast oil and natural gas reserves and the low cost of extraction; they will be fighting to invest their billions and billions of Dinar into oil contracts, refineries, infrastructure etc.

This will create an instant and high demand for Dinar.

Many people think, mistakenly that because they will be running to the bank the day after an R/v with their 1,5,10,5o or 100 million dinar that everyone that holds dinar will do the same. The fact is that the holdings of individual investors are a small, tiny drop in the bucket relative to the trillions held by the treasuries of the US, Britain, etc.

In addition there are the George Soros' of the world who also have billions on billions of Dinar. These large holders that I imagine have the majority of Dinar, are not going to run down to the bank to cash in. They will wait, use their Dinar to purchase oil, and watch the currency rise to $2 and eventually over $3.

So, while you are running down to your local bank, to sell your Dinar. Oil Companies, Governments, other individual investors - large and small- will be buying it up. Because at $.20 or $1.20 it will still be a great investment.

Finally, many have the chain of events backwards- security will not create an environment for economic stability- rather economic stability will creat an environment for security. People would rather have a job,make money buy a car, chase girls or guys, get married and have kids then turn themselves into a bomb. It is hard to be really angry and violent when there are opportunities to prosper.

This is all pure speculation on my part though I would be surprised to see an r/v of less than $.10 and would expect it to be greater.

Now this post makes the most sense I have read in a long while.

If anyone knows this McDig character, please invite him over here.

Originally Posted by clintstella

Problem getting the dinar in through customs though

But you never know, i'd love to when it all kicks off and retirement sets in

You can mail it to me here in the US. I will watch it for you until you arrive.

Originally Posted by laurenr

40%................( cough...splutter...gasp....)

I can feel a tax haven coming on. lol

Any suggestions ????

I couldn't find the Tax thread anywhere, I'll keep looking......

Yes I've got one...Marry an American move to Florida save 12-25% on that Tax Bill

Originally Posted by Adster

Sounds right, there will always be security issues over there, it's in their blood, but sooner or later their government are going to have to jump in with a r/v and get their country back to what it was and at least equivalent to their neighbours.

The Iraqi leadership will eventually have to define what the "acceptable" level of murder and violence is and then move ahead with the r/v. Sunni's and shiites will always be at one another's throats so just live with it and get on with business as usual. Better yet...put the Kurds in charge and let the sunnis and shiites duke it out for eternity.