Thread: A Question for Seaview!!

Thank you OSW for your post! So I guess you are advising us to try to hang on to our dinars? ;)
/K

Sorry for double post:( Don't know how to delete it?

Hi Karin,

Hope all is well, I know none of us expected it to take this long, and I know it is tough to keep holding on, but hey, what else can we do at this late date but wait.

We have all seen the progress, just not as fast as expected, but never the less, progress is good. Still going to see the typical sectarian in fighting which has existed for centuries, so this will never end, but it should not stand in way of restoring Iraqi dinar to former value in time.

All I can say is hold on if you can, we have not lost money this time, so thank goodness most of us are up over original investment, I know I am. Even if we have to wait a little longer, at least we haven't lost any money, nor will we, so we have to be thankful for that for I lost a ton of money in traditional stock market, as most have, so we have to look at the positive.

Success to all, Mike

Hm...how much does a million cost today?

Originally Posted by karinc

Hm...how much does a million cost today?

Last I looked it was running just about $1,000.00 U.S., plus shipping and handling. Most of mine was in mid $600. range, so not a killing, but better than a loss. lol

Success to all, Mike

ok, ty

Originally Posted by Offshore-Wealth.com

Hi Karin,

Hope all is well, I know none of us expected it to take this long, and I know it is tough to keep holding on, but hey, what else can we do at this late date but wait.

We have all seen the progress, just not as fast as expected, but never the less, progress is good. Still going to see the typical sectarian in fighting which has existed for centuries, so this will never end, but it should not stand in way of restoring Iraqi dinar to former value in time.

All I can say is hold on if you can, we have not lost money this time, so thank goodness most of us are up over original investment, I know I am. Even if we have to wait a little longer, at least we haven't lost any money, nor will we, so we have to be thankful for that for I lost a ton of money in traditional stock market, as most have, so we have to look at the positive.

Success to all, Mike

Hey offshore wealth what do you think about all of the info we are getting about the coins now?

Originally Posted by sassy

Hey offshore wealth what do you think about all of the info we are getting about the coins now?

Hi Sassy,

No doubt, there has been talk about new coin, and since old coins were removed from circulation last year, you have to see the pattern developing which has always pointed in one direction, preparing for this moment in time for a restoration of value which has been stated many times as their goal.

I think we all know this could never happen overnight, but no one thought it would take this long either. Reading all the announcements coming out of Iraq is a trip, egads, none of them make sense when translated, it is almost funny reading these announcements which flip flop back and forth every other week. lol

I don't think those who print these announcements have a clue, just as we don't when this will happen, but if you add up all the clues, it does seem to point in the right direction. I try to apply common sense to all situations, but this is hard to figure with Iraq, they don't seen to have any common sense after reading all these contradictions for five years between sectarions as each seems to be saying the opposite of the other, so this is why we keep hearing so much BS, putting it plainly as I can. lol

Bottom line, we know what the core Iraqi game plan is, they want to restore Iraqi dinar for former level, they just didn't say when. We also knew through many announcements that it would have to stabilize dinar, control inflation and build faith in dinar which there was none under Saddam, this was obvious with the Kurdistand region using what was called the Swiss dinar while Saddam was in power in Iraq. Can you even imagine this same scenario in U.S. It is similar to Texas wanting to become a country within country and have their own currency. All of a sudden it doesn't sound as crazy as it may have a few years ago, but look at the dollar and the U.S. deficit to see how things have changed.

Simply put, we know the goals Iraq has set from start, restore Iraqi dinar to former level. Stabilize dinar, accomplished, control and lower inflation, accomplished, get national debt lowered, accomplished, terminate chapter VII, and as also has been reported, this is either done or about to be done, certainly, with Kuwait issue of what they are owed for Saddam invasion the last issue holding up the termination of chapter VII, and U.S. putting pressure on Kuwait to settle, after all, Kuwait wouldn't exist if not for U.S., so I would suspect this was put on the table when pressuring Kuwait to reduce this Iraqi debt obligation, so we shall see.

Most of what has been stated from start has been accomplished. The only thing of substance which has held up oil production is again the sectarian issues over oil law bwtween Kurdistan and Baghdad. If the Kurds were in control and Baghdad was blown off the map, we would have seen the restoration of dinar three years ago. lol Sadly, the power hungry Shiites and Sunni have been too busy infighting while the Kurds moved ahead and have made far more progress than Baghdad has when it comes to economic progress. And just as before, they have been more progressive even when under Saddam regime and were more concerned abou the people, not personal greed is how I see it. And this hasn't changed, we see the people of Kurdistan working and in a much safer environment compared to the rest of Iraq.

OK, so as I see it, all of the above goals have been well defined and almost all have been accomplished, or nearly so, as in the chapter VII and oil law which has been dragged out for years, again, all because of greed, so I expect this to become law before end of year. Why, simple, Maliki is not assured of reelection for he has not helped the masses, there is still no electricity in many areas as needed, and this is hurting the people, and is most obvious failure of government along with diesel and gas shortages within Iraq, another obvious failure. Remember, this is what the people want more than anything as it is hindering economic growth and it should have been a first priority, but it wasn't. Maliki has lost support from Shiite divide, and with Sadr and his Iranian buddies, an announced new alliance and candidate is putting BIG pressure on Maliki, so as I see it, this will force the restoration of dinar as it is Maliki's only hope, to buy his way back into PM position, just like all politicians have done, buy votes. If he forces restoration of dinar, the people get a shot in the arm and are now more wealthy than ever before, Maliki wins vote, simple.

As to question about coin, no doubt, this had to be changed, and as we know, there has to be coins, no country has a currency minus coins, so think about it, why else would they remove old coins if not to prepare to replace them. Iraqi's are all creatures of habit, and most are comfortable with use of coins, so yes, there will be new coins, and from announcements of new notes adding Kurdish language, a lame excuse to reprint knowing Baghdad hates Kurds to start, give me a break, a total BS announcment as to reasons to reprint notes. Who would believe they would authorize a reprint just to add Kurd language when it would cost hundreds of millions to reprint just for this reason alone, come on, this doesn't make any sense at all, especially when the Kurd's were not crying for this like they have been for oil law to be passed. We all know the tit for tat that has been going on over this issue for last year, but not a hint of concern over adding language to notes. lol

Now isn't this fun to revisit what has been the history of the new Iraq dinar hopes and dreams. Whenever I look back I have to laugh at how inept Baghdad has been at accomplishing the basics, providing economic opportunity to its citizens, basic electricity, gas, diesel never mind employment. All failures of Maliki regime, so now comes the final moment, he has to do something to win, and it has to be BIG, so what would be bigger than a restoration of dinar to former levels, or at least a start. As I see it, something will be done, and with all talk about coin and reprint, and knowing all citizens now have access to debit cards, it all points in one direction, as it always has, just not as absolute as I see it now, finally. Will it happen, yes, when, well, if I was a betting man, which I am, I am betting on it happening before elections, so we shall see. (g)

Success to all, Mike

very good summation Mike....it has been a long arduous ride hasn't it.....these Iraqi's are a trip...at least their government is....lol..like a friend of mine says.."""you can't make chicken salad out of chicken s**t"""....lol....most of these government officials are so greedy and want everything for themselves that they are forgetting about their own people.....hmmmm...sounds like our government,don't it.....lol...GO DINARS..Pat

Thanks for such a great explanation, really put things in a better perspective!! Thanks for taking the time Mike. Be Blessed Sassy