_[highhopes] If it’s not ‘O’ holding this up-what is? BGG says Shabibi is the hold up. What do you think?
[BWM] highhopes - I can't go into great detail, but it's not ‘O’ and not Shabibi... Shabs wants to do this and will do it right...
[gillsdinar] BWM - Welcome back I missed your overview can you give me the short version where we are? Thanks, infidel.
[BWM] gillsdinar here is a link to earlier info http://www.3sintel.n...1126-455pm-cst/
[R&R] BWM I’ve never seen the gurus in such agreement before. Yet despite this confluence of agreement, the reasons for the "delay" are anything but agreed upon. In your opinion, where are we today in who is currently in control of the IQD at this moment?
R&R - it's Saturday... once in all the times they have been RV'ing... just not a good day... and the CBI is closed tomorrow
[SouthernLawya] Do you have confirmation this is in the hands of the BIS at this point, and if not, whose hands is it in? Additionally, can you explain the chain of the rv...from beginning to end....starting with the country wishing to rv currency?
[BWM] SouthernLawya - This RV is not like a normal RV because of the participation of so many "external" factors needing to get into this... so going thru the process isn't really in order... this is ready to go and on somewhat of a "timing" situation.
[tdv75098] BWM - What are you hearing about the VND?
[BWM] tdv – It’s really been quiet... still looking at about a nickel... BUT depending on the order of things could go a bit higher.
[Prospernow] Pam Me, how confident are you that we can walk into the bank Monday morning and cash out/in? Percentage wise what do you feel?
[BWM] Prospernow - I don't play the percentages... but let me just I say I feel REALLY good about this window tomorrow night/Monday morning.
Read more Link on Right
[E2012] What's your thinking about the RV on Monday?
[BWM] E2012 looking at good opportunities...
[R&R] BWM - I have not heard one word about the GOI, Erbil completion, Article 140, or HCL. I believe they're done. But amazing that we have had no announcement. Iraq must be upset to have this done and then be "forced" to wait. Can’t they enforce their sovereignty?
[BWM] R&R - They have been given their sovereignty... it's been announced numerous times in the last weeks... nothing left to do
[maw33312] BWM – What, if anything, can stop this from happening by Monday?
[BWM] maw33312 - Lions and tigers and bear poop oh my.... but seriously, we don't anticipate these things that continually have occurred...
[redphinehas] Do you know anything about a Shabibi speech tomorrow?
[BWM] redphinehas - Heard a little something something...
[jimmylindle] Any idea who “the group" was/is that is holding up the process?
[BWM] OK.... let me just say this... WHAT does it matter who is/has/was/could/did delay this... you have arrived and now we are waiting for the EVENT... stop panicking about things you cannot control...
[Angelhair] BWM, what is different now that would finally allow it to be released after hearing that nothing could stop it so many times before?
[BWM] Angelhair - Things have finally been accomplished here in U.S. that have just been "threatened" to be completed.
[dinarrv9911] BWM - Since contracts are to be paid on Monday with the RV rate, does that mean we are 100% certain that we can cash-in on Monday? Thanks!
[BWM] dinarrv9911 - Nothing is 100% with Iraq... but dang, it's like that spray that kills "almost" all the bacteria... we think it's pretty safe.
[Big T] BWM, Do you feel this is going to be an RV or an RI. Thanks
[BWM] Big T – rv
[Bobs] BWM, there was some intel about an airline crew that heard on Iraqi radio that "Iraq had the highest valued currency". What do you think is is causing the news blackout?
[BWM] Bobs I can't confirm any of the airwave chatter... and they want to be in charge of their information
[Baxter1243] Is it true that Maliki is in Japan trying to explain why the RV has not happened?
[BWM] Baxter1243 - Not anymore...
[JamJam] BWM - Hi and thanks for all you guys do! We're hearing a rate range between 5.70 and 11.00. How do you feel on that range? Thank you.
[BWM] JamJam - I'm still hearing more in the high 3's to 5 for rates.... but again we are dealing with bank rates and we won't know until this is announced.
[tdooly] From a fairly reliable source - NO LOWER DENOMS are on the streets in Iraq. Do you have different CONFIRMED info???
[BWM] tdooly - Got someone working on pics... when I have them (if before real news) we'll post them.
[awty] BWM - Is the UST still in at work since 6am? What happened on Friday since Iraq has rv'd 7 of 9 on Friday?
[BWM] awty - The timing seems off with the Sunday holiday...
[kouty] BWM, when you say that things have finally been accomplished here in the US, but then say nothing is 100% with Iraq, who is actually pushing the dang button, US or Iraq?...Thanks.
[BWM] kouty - It's a timing thing at the moment... I really wish I could explain more.
[Finnigan] BWM, who do you think will win the Super Bowl?
[BWM] Finnigan - When I own a team after cash in, I'll tell you then...
[newbee327] In regards to high hopes, what can you go into details about on the rv?
[BWM] newbee327 - I wish I could tell you more... but I just don't get into that much detail... specifically when we cannot change it and it's past the ladder of concern.
[money11] BWM - I would like to know the group because if we have any control over this group, (if a particular political group), who might need to be removed from Congress.
[BWM] money11 - It's not really a "congressional" issue... again I can't really explain..
[c1432] Is Sunday’s speech confirmed?.....post rv speech? Thank you
[BWM] c1432 - For me it's not post-RV til I've left the bank...
[.ange] BWM - We hope you plan to be in San Francisco along with Jonnywg. It would be a privilege to meet you.
[BWM] ange - I was invited... so we'll see... not a big crowd person but for the chance to meet all the wonderful people who I've have had the honor on here of meeting...
[Jodi] Welcome home BWM! Could you give us a list of what we'll need to take to the bank please?
[BWM] Jodi that would depend to me on what your plans were... for me, it's a note or so (or perhaps just my VND) and then get everything set up... I don't have the pre RV money to get setup with the things I'd like so I'll be playing along with the rest of you. I'm pretty sure the bank will have pens... take a couple home with you, you deserve it.
[cgscorpio50] Can you explain how a gifting letter works? Is there a gift tax from the giver and the receiver pays the federal tax?
[BWM] cgscorpio50 - I wouldn't get wound up about the "gift" letter unless you're asked to prove the purchase of your dinar... and banks don't really care... dinar is money... if you have concerns see a tax professional to make sure of regulations surrounding your state and implications of taxes
[kellym] Why is the CBI closed tomorrow as it is normally a business day with currency updates and an auction?
[BWM] kellym - It's there - third new year this year... NO seriously....
[dawg14] BWM - I will be traveling for work in country Sunday/Monday... would it behoove me to bring a note with me to try and cash in ...or should I wait til I get back on Tuesday? Thanks.
[BWM] dawg14 - We call that "walking around money" in the South... of course just be careful you not walking around with too much...
[shar35] BWM - Does the UST IT staff being called in to work today have anything to do with the RV?
[BWM] shar35 - You can't have a good RV or a marshmellow roast without the UST.. those guys are the life of the party.
[OldHack] Why would a bank give a group a better rate than if I went in by myself. Would we as a group need to be in a corporate something?
[BWM] OldHack – Group = more money in the door... they will work to get as many new accounts and money as possible... quantity quantity quantity
[dab63] Do you know if this BIS has taken r/v away from UST or is UST is complying
[BWM] dab63 - UST sure seems compliant...
[Prospernow] If you are short of questions..and I can ask again? Will the rate show at cbi on Monday 2:00 am?
[BWM] Prospernow - We looking at that window
[Apollo] BWM will the RV be rated by the Great British Pound?
[BWM] Apollo - Still looking at dollar right now... but hey, if they want to swap again I'm good with it
[Len] Are we waiting for the Super Committee to make cuts before rv? "wink" if you can't say....
[BWM] Len - How bout I just say NO.. Super Committee is dead
[iqdgranny] [chillimac] Can you cash in dinar without a receipt?
[BWM] chillimac - Yes... depends on the dealer... banks don't care.
[Contractor] BWM thanks for coming in and sharing. I hope you had a great THANKSGIVING....LETS GET R DONE.
[BWM] Contractor Thanks man... hope you did also.
[Big T] So with an RV, the rate cannot go up or down except by a small percentage per quarter correct? Thanks
[BWM] Big T - If they operate on a managed float... then yes 2% per 90 days BUT they can RV again whenever they want up to twice a month...
[BWM] Big T if they operate on a managed float... then yes 2% per 90 days BUT they can RV again whenever they want up to twice a month...
[BWM] BLPastor - UST has complied...
[gwendolyn] I lived in MS las year; still have WY drivers license; want to cash in bill; the fly to WY to meet with Trust firm. Since no change in license/or registration to vote I’m still considered WY as my intended state. Do I need to worry about state tax in MS?
[BWM] gwendolyn - It goes where you live... are you paying taxes in WY then you should be good... consult a tax professional to be certain...
[MrPositive] Who controls the BIS and are they now in charge of the RV? Thanks
[BWM] MrPositive - Bank of International Settlements...The mission of the Bank for International Settlements (BIS) is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.
[TubandJo] BWM - Welcome Back! How was your Thanksgiving? What was your favorite part of your Thanksgiving? Pam Me gah
[BWM] TubandJo - PAMMED!!!! it was good... will be a better Christmas I can believe
[gacrowell] DId I understand this correctly? We can negotiate the rate of the RV with the bank (the rate posted).
[BWM] gacrowell - Well heck yeah.. to a point.... a lot will depend on the amount you have, in a group, etc...
[LINDI] BWM If Iraq sees that another country's currency is higher than theirs, then they are free to RV again and increase their value so that they remain number one. In your opinion, how long will you hold on before cashing in all?
[BWM] LINDI - OK... I will be doing the one bill (maybe two) cash in thing and go from there... I expect to cash in about 2-3 weeks... unless Arizona Heat makes me get on the plane. I still have games to coach this week...
[culpatrickk] If Dr. Shabibi has already made an announcement to the Iraqi people, then what announcement are we waiting for?
[BWM] culpatrickk - We looking for big public thing ... as in possible pomp and circumstance.
[redemption] Thank you BWM. If they can RV and then RV again, does it have to stay within the 2% or can it continue to go up? Thank you.
[BWM] redemption - It can continue to go up... or devalue (sure) depends on where it comes out at in my book.
[theda] It was announced today, I think, that the new date of the troops leaving is December 15. Why would Iraq not wait until then or right before to actually declare the RV since that is when they will really be a sovereign country?
[BWM] theda - Because they are sovereign... the "presence" of troops does not affect them... it's the "designation" of the troops
[davedinarhappy] Did Shabibi say he would do a post rv speech? Does this guarantee a rv will happen before speech?
[BWM] davedinarhappy - Can neither confirm nor deny any "post rv" speech... he can talk all he wants when the rate changes... I can stuff bills in my ears to avoid hearing if I want to
[pszafrap] BWM...isn't waiting 2-3 weeks a bit risky to wait given that there could be the possibility of military action with Iran, not to mention terrorist activity?
[BWM] pszafrap - My plan is based on personal need and scheduling... son in college and such... want to get all this worked out the first time... not telling my plan is for everyone...just my thing.
[tigers] Will we cash in before Christmas since we didn't cash in before Thanksgiving like we were supposed to?
[BWM] tigers - Merry Christmas
[abundantlife] G'day BWM: Just wondering if you have had a chance to find out about cash-in banks in Australia. Everyone here is in denial. Thank you so much.
[BWM] abundantlife - Nothing yet... sorry.
[AMG55] Do you have any idea how much, on average, each dinar owner holds in the US? I have heard 2 to 3 million/owner on average... But that was years ago. Thanks!
[BWM] AMG55 - I'm not sure that number is correct... there are a lot of "smaller" holders...but there are some big "fish" out there for sure
[dab63] Will you or Jonny know after r/v if its managed float or not?
[BWM] dab63 - We'll know, you'll know. I scream, you scream, we all.. well you get it
[BWM] Hope everyone enjoys the rest of Saturday night... and it's good to be back.