Would somebody please explain plainly?
Let's pretend I have 1000 dinar in my hand... what next?
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Would somebody please explain plainly?
Let's pretend I have 1000 dinar in my hand... what next?
Each dinar has an associated amount of value.Quote:
Originally Posted by David Merrill
That value has a certain level of purchasing power.
If more dinars are printed than goods and services for them, we have inflation.
Each dinar unit has less purchasing power.
Following the revaluation, the dinar you are holding should be worth at least $3220. The proposed method of repatriating the dinar and receiving USD in exchange is by wire transfer. Other options seem to be limited. It may be that it will not be possible to exchange dinar directly for precious metals, as many dinar holders had intended.
Thank you both! I got this report today. It seems odd that there is no mention of the dinar at all?
Is there usually mention of the dinar? There are several governments which hold a great deal, ours likely the most. Most of my information is from people with close contacts to the GOI, parliament, or contractors in Iraq. Would love to know if there is much public information about it.
D
I am in nearly total ignorance about the dinar Revaluation, as you might get from the opening post. This is because it is not covered by the OCC, the Federal Reserve Board bulletins etc.
My story though, is that I have been getting emails for almost a year and when I realized there are a couple suitors with paper dinars in their safes/mattresses I collected what was in the Deleted Folder and shared, without ever even reading for myself. From the little information I have bothered with on the matter, my thought is that it is likely a scam. That is what little I got from my emails was that the Senders want me to buy up dinars, from them. - All in anticipation of the Revaluation that nobody who is anybody (government) is talking about.
This smacks of the NESARA/Dove of Oneness mythology and White Knight phantom support. But it does seem to me, to be worth probing about with this thread...
Quote:
Originally Posted by Deborah
I think this sounds like a Bankers' Holiday, in a limited sense.
The other important question (rhetorical, you do not need to say to everybody) is have you been spending money on dinars that are being held (secured) by another party, or are your dinars in your hand, so to speak?
Re: "All in anticipation of the Revaluation that nobody who is anybody (government) is talking about."
See youtube videos of Shabibi, head of the CBI, filmed by "frothbucket". "Frothbucket" is a respectable young man I've gotten to know a bit, and was aware that he'd gotten himself invited to Shabibi's address when he was in DC in April. Shabibi and Maliki, currently the PM of Iraq, have publicly promised the Iraqi people within the last 6 weeks or so that what we call the "RV", and they call 'removal of the three zeros', will happen 'very soon', or even in Maliki's works 'before the sun goes down'. Euphamism, but telling. For the Iraqi people's sake, this needs to have happened long before now. But it will happen, and the more I learn about it, the more I am convinced of this if I had ever been in doubt.
D
Okay...
Like I often say about prophecy - the great thing is time will tell.
Yes, 1000 Iraqi Dinar is currently worth $0.86 USD officially. Perhaps one to three dollars on the street or eBay. Some people think the Iraqi Dinar will soon revalue making your one dollar investment in 1000 dinar worth $3220 to $5250. Sounds crazy. Although something very similar did happen in Kuwait. Some people became rich overnight. The estimates of those invested in this currency run as high as 2 million people.
BUYING DINAR
If you go to your bank, or Travelex at the airport, to buy dinar they'll likely say "you can't, it's not an officially recognized currency" or even "it's sanctioned, you can't buy it in the US." This is easily disproved, there must be over a dozen sites online to buy it, and if you live near one of these cities you can buy dinar at the mall for about $26 per 25,000 dinar note.
SCAM or CURRENCY SPECULATION?
There are some places that sell dinar "on reserve" where a small deposit holds your large order until the due date, when full payment is due; many have nothing to show for that "investment." And I suppose if you're buying notes at $26 and pumping the imminent "RV" only to quickly sell at $35, that could be viewed as ... less than ethical.
Some say it's happening June 21-23rd, or perhaps June 30th at the latest. But then again ... these Tues, Wed, Thurs. deadline rumors have been made for years.
Thank you Stonefree;
That explanation sets well with me!
Is anyone even slightly surprised that "your friendly Congressperson" or flag officer can conveniently purchase Dinars at:
?
Or that Wall-streeters can purchase Dinars at:
Bank of China?
Old Dinar-related article from Council on Foreign Relations.
But then....those are obvious heavy currency exchange centers.
When they say you learn something new everyday, it’s no joke. I didn’t know anything about a diner, now I know what they look like. Collectors are always quoted keeping a little of every currency on hand is a good thing.
Diversification .... specifically in this case with fiat currencies....Quote:
Originally Posted by Chex
An Iraqi government consultant, former FBI prepared this report for me. The closet full of dinars belonged to his cousin. It was worthless overnight under Saddam. [The Northern Kurds could not redeem them; they were being exterminated.]
I ran these figures past him...Quote:
Originally Posted by Deborah
No way! - NO WAY!
Here is a Planet Dinar conference call from last night (6/28/11). The lady who starts about min 7 talks about linkage between dinar revaluation and global settlements (GS). About 13:30 she says "no, our funding comes from China."
https://www.freeconferencing.com/pla...cn=94-43-28-63
no value assured.
That explains a lot - Global Settlements Foundation. That was the sham operation behind RAP/RuSA too.
They have no funding from China. That line is stolen from James Timothy TURNER - the President of the united States of America.
another opinion:
The Revaluation of the Iraqi Dinar
How the U.S. Plans to Make Trillions
By Greg McCoach
Friday, July 8th, 2011
http://www.wealthdaily.com/articles/...aqi-dinar/3145Quote:
U.S. national debt will exceed $14.5 trillion by the end of the summer.
The government has been underwater so long, it has gills...
But despite their desperate condition, the Feds still have a few tricks up their sleeve that will allow them to keep “kicking the can” down the road.
One of the gimmicks they've cooked up to stave the wolves off is becoming more and more evident: The revaluation of the Iraqi dinar.
The dinar collapsed after the United States invaded Iraq and toppled Saddam. Prior to U.S. invasion, the Iraqi currency was trading over USD3 to one Iraqi dinar on the strength of the country's massive oil industry.
After the collapse, the dinar was trading significantly lower. At one point, a single dollar purchased one thousand Iraqi dinar.
Speculators began to take positions in 2004 hoping someday, the dinar would recover and the UN economic sanctions would be lifted, allowing the currency to be revalued. Since then, there has been much speculation regarding how and when that would occur.
But here's the really interesting part...
The U.S. Government is the Largest Holder of Iraqi Dinar Outside of Iraq
Actually, you can still buy a thousand dinar for about a dollar.
Archaeologists Stumble Across a Hoard of Gold
http://news.nationalgeographic.com/n...a-archaeology/Quote:
An unprecedented discovery of more than 2,000 gold coins off the north-central coast of Israel might be part of the largest gold hoard ever found in the eastern Mediterranean, according to archaeologists.
The coins are identified as dinars, the official currency of the Fatimid caliphate that ruled much of the Mediterranean from A.D. 909 to 1171.
The find was made by accident in early February, when a team of six sport divers spotted what they initially thought were a few toy coins on the seabed near the ancient harbor of Caesarea.
[..]
At its height in the mid-tenth to mid-eleventh centuries A.D., Fatimid rule stretched across North Africa and Sicily to the Levant, with trade ties that extended all the way to China. From its capital in Cairo, the caliphate controlled access to gold from sources in West Africa to the Mediterranean, and the currency crafted from the precious metal conveyed the Fatimids' formidable power and wealth.
A cursory study reveals that the earliest coin from the hoard was minted in Palermo, Sicily, while the majority came from official Fatimid mints in Egypt and other parts of North Africa and date to the reigns of Caliphs al-Hakim (A.D. 996-1021) and his son al-Zahir (A.D. 1021-1036). The coins are of two different denominations—whole dinars and quarter dinars—and are of various weights and sizes. Initial tests indicate that they are 24-karat gold with a purity of upwards of 95 percent.
"The amount of currency minted under the Fatimids is truly staggering," says Kool, who notes that as late as 1120 the caliphate's treasury was said to hold around 12 million dinars. "It was truly a monetary society. People got paid."
Wait. People got paid? It's like the author knows our present-day currency isn't money at all.