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

Look at the source matey...
It's D tosser D...
He is trying to convince people that the sun won't rise in the east tommorow.
and that water is not wet.
You are correct your assesment of the auctions...
or in other words .......WOOT !!!!!

Originally Posted by TerryTate

Just wanted to take a moment here to make a simple request. I have seen quite a few of the members here thanking everyone for being a part of the Dinar rollercoaster and saying have a happy life, as if they were going to be gone from the posting board after this revals.

Not to be contrary here by asking you to hang around, but I would like to make the request that people continue to post their experiences even after the exchange of Dinar begins. The reason being I would think that it would benefit us all to know if anyone is having trouble, or if someone has found a better exchange rate, etc. etc. I'm sure many of you are already going to do this, but just wanted to ask as many of you to stick around as possible, that way we can have as much input as possible. It never hurts to talk to someone that is in the same boat as you, especially if you are having difficulties. I for one don't want to send in my Dinars and wait 24 to 48 hours for someone to tell me if they are good or if they decided to confiscate my money. So, if anyone finds an exchange house that will do it on the spot, I would like to know.

I agree with you lets all stick together and help each other out....This is some great stuff ive been reading about what is going on im almost caught up......man am I EXCITED.....BLING BLING!!!! On a side note just ordered a few dinar from SAFE today for the first time this moring when he called me later to verify i asked him what he thoughtof the dinar and with whats happening in the news..he was very brief. His name was Garret he said well its all speculation right now and its to early to tell what will happen....he didn't seem too confident on this venture in my opinion but very optomistic. Another experience that happened the other day was i went into BOA yesterday afternoon while i was at work cause I had to drive the accountant at my work over there to get some money and they never want anyone to go alone. Anyhow when I went inside the bank manager(who was middle eastern definately coud tell looked like he was from INDIA...but who knows) was walking around schmooozing with people in line and people in the lobby kissing their asses. So he comes up to me and asks me if i needed any help and i said no and he says do you have an account with us and why don't I open one and yada yada... and said no my mom works for wachovia and I have an account with them. Then I asked him if the bank deals with foriegn currency and he says yes so i asked him if he could get me some iraqi dinars...he smiled and was a lil stunned at the question and said no we dont deal that only currencies on the international market and the dinar is not on the market. I said it will be soon..lol.. So I started heckeling him and told him I have heard rumors that some of your branches do sell them and he assured me that none do and thats a FACT he told me. Then I told him that I know for a FACT that certain CHASE banks do...HE smiled and looked very supprised and said yes I have heard that as well. So i started rambling on about a bunch of stuff about iraq as he seemed shocked that i knew this stuff. He said yes if that country pulls together and the violence stops that it could be the richest country in the world. I asked him if he had any he said no its to high risk investment. I laughed at him and said yes its high risk but what comes with high risk comes high rewards...he smiled nodded his head as if he knows whats going on. My feeling was that he has some dinar just dosent want to admit it especially to some white kid..Im 28 but look very young for my age. Anyhow just wanted to share my experiences. IM SO EXCITED I CANT WAIT TO SEE WHAT HAPPENS,but not enough to where i am going to disapoint my self...Ive had it happen to many times . They can't open the ISX monday morning with the dinar at these levels can they????? HERES TO THE NEXT FEW DAYS CHEERS

Originally Posted by Dinar Madness

Before I get to excited, which is hard to do, I want to know what Wm.Knowles take on this. Ah what the heck I am excited and ready to do Farm Jig

Im ready to do what your doing in your avatar, but on a snowboard....Its hot down here in the dirty south lol the FLA. But i can learn to do the farm JIG as well when i see you floks in the caymans

Originally Posted by Ratz

The below was copied from a post at another site. Hope it helps.

I think it may be benificial to take a different look at the way a country could be bought out if the exchange rate was too low. In my opinion, the CBI needs to worry about the Soros's of the world buying up all of the available circulated dinar at 1435. If the CBI numbers of 9 trillion in circ hold true, then theoretically, all of the money currently in circulation could be bought for around $6.3 Billion USD. I realize that in reality there is no way for any single entity to obtain all of the 9 trillion in circulation but.... if they purchased as much as was available, there would be a shortage in the country which would have two possible side affects. The CBI would have to release more currency into circulation in affect increasing the amount of currency which the reserves and other programs must backstop....this would lead to a devaluation of the currency in my opinion since they have x amount of reserves which have to support an increased money supply. This is not good for the Iraqi people. The other possibility is that they do not increase the amount of Dinar in circulation, which would likely lead to an appreciation of the dinar which could lead to a deflationary period of people hording money and may set off a deflationary spiral, where businesses and consumers slow or stop investing or consuming, because the investment risk, or the 'risk' of the consumable dropping in price, is perceived as higher than just letting the money appreciate due to deflation.

In either scenario, the entity holding the currency is setting the monetary policy of the country, not the central bank! Dave, does it make sense now why the CBI can't allow a foreign entity to buy up and control the countries money supply?

I know you copied this from another site, but:

How could the Soros's of the world buy up 9 trillion dinars if CBI couldn't buy back any dinars in todays currency auction?

Originally Posted by neno
No Lights going out here. Funny. But jsfletcher found a site similar to safedinar for the dong. The wife and I are sending in along with some freinds for a once and only purchase. Hopefully around 10 million. No matter what it is, it will definitely go in the safe and not watched like the dinar..............................No Just Kidding. Get Crazy with it too, after that FatLady Starts singing. Good Night From neno


I would be interested in finding out that web site for the Dong. Can you please PM or just share it in the forum Thank you.

Originally Posted by Socata 850

I would be interested in finding out that web site for the Dong. Can you please PM or just share it in the forum Thank you.

Same here :)

Originally Posted by Socata 850

Originally Posted by neno
No Lights going out here. Funny. But jsfletcher found a site similar to safedinar for the dong. The wife and I are sending in along with some freinds for a once and only purchase. Hopefully around 10 million. No matter what it is, it will definitely go in the safe and not watched like the dinar..............................No Just Kidding. Get Crazy with it too, after that FatLady Starts singing. Good Night From neno


I would be interested in finding out that web site for the Dong. Can you please PM or just share it in the forum Thank you.

NamMoney - Vietnam Currency

Originally Posted by explorerhot

I know you copied this from another sight, but:

How could the Soros's of the world buy up 9 trillion if CBI can't buy a million or less in todays currency auction?

Heres something I have thought about....if what your saying is true which from the look of the auctions you are correct. Why dosen't the CBI go on the web and buy out all the folks on ebay and all the dealers on the WEB to take out more in circulation this way...there must be hudreds of people on ebay selling it and there must be atleast 100 dealers with websites selling mass quantites....It would be a way the CBI could take more out of circulation buying it on the cheap with a lil bit of a mark up they could probably grab a billion or more doing this....MR KNOWLES your opinion would be appreciated...just something to think about folks...as I am still positive as to whats going on in the news

Originally Posted by crave681

Hold up folks... Sea Ray's post brought to mind something else... ratification is one thing, but doesnt the law have to be published in the gazette to be enacted?

or the govt. newspaper or another widely read publication. they arent going to broadcast it and then keep it under wraps for days. as soon as business starts back up im sure there will be foreign investments goin on.

Thats 48 pages of really great news....Now SGS, not trying to put you on the spot, but, what do your girls think this thing might r/v at? Any guestimate is appreciated....can't wait to give a wooo (almost there) and throw in a dancing banana for the first time.