Post Made At TNT By EnergySparkles
"How True Professionals & Private Bankers Can Help You (Post RV)"
- by Mr. Anonymous
Lately as we seem to draw very near to the reality of Dr. Shabibi pushing that "RV Button" there has been a lot of talk about Private Bankers, Bank Packages and following "gurus" to other so-called "investment" resources.
First, I would like to say that most of us, probably a good 98% of us Dinarians have never had any real life experience with a Bank or a Personal Wealth Manager.
Therefore, as we are not familiar with this level of sophistication, we have normal fears, anxiety and apprehensions about dealing with these Investment Professionals. This is very normal to be nervous and uncertain!!! Read on, hopefully I can put some or all of your fears to rest.
However, first I want to caution you! Right now, you are the most vulnerable to being taken advantage of by con artists, hustlers and confidence men. You must not allow yourself to be rushed in to anything that you do not understand.
Refrain from telling ANYONE how much Dinar you own, don't register for seminars, or newsletters, or serial number registry services - it is my opinion that many or even most of these self-proclaimed so-called "gurus" are trying to use your fear to collect your confidential information which they will sell later after the RV, or they will use it themselves to take advantage of you.
Recently more and more of these "gurus" have been exposed as "hacks" who call the RV every other day!!! Do you really feel you can trust an individual that seems more obsessed with their own self-glory, than with doing what is right for the Dinarian community?
So, all that being said, just to keep the Attorneys happy, remember that I, nor the IQD Team or any other website where you may be reading this, does not give financial advice, and that these are illustrations only, and that everyone's situation is different and therefore you must consult your own professionals for advice that is relevant to your situation.
DONT INVEST IN ANYTHING YOU DON'T UNDERSTAND!!!
The great Warren Buffet has said many times that one of his guiding principles is that he never invests in to something that he does not understand!!!
Considering that Mr. Buffet is one of the wealthiest men in the world, I will take his advice at face value, and follow it. Therefore, repeat after me: "I will not be rushed in to investing in to something that I do not understand".
That being said, remember this, if it was a good, sound investment idea, it will be a good sound investment idea tomorrow, next week, next month or even next year!
Another couple of quick tips while I'm on this topic: remember to diversify, and use a rule of thumb of not investing more than a few percentage points of your total wealth in one area. Most high-level professional portfolio managers would never dream of investing more than a few percent in to any one stock - NO MATTER HOW "HOT" IT IS!!!
USING INTEREST FREE BANK ACCOUNTS & TAG ACCOUNTS
Okay, somehow this whole notion of these interest free accounts and "TAG" accounts has made its way in to the Dinarian world. This was probably brought in by some "guru" who was trying to make a name for him or her self.
The truth is, when this Iraqi Dinar RVs, you will have access to several Personal Bankers that will work with you personally to structure your accounts accordingly.
They will also accommodate temporary accounts for you if you wish to have wire transfer funds sent in to your accounts. They will also accommodate moving your money in to your more permanent accounts. This will protect you from any improbable chance of a "back/reverse" wire transfer.
However, I would like to say something about this so-called "back/reversing" of Wire Transfers.
I currently work for a global manufacturing company that sends and receives international wire transfers all the time! Each transfer is tens of thousands of dollars, or hundreds of thousands of dollars.
In over 30 years of business, with thousands of these wire transfers from almost every country in the world, this manufacturing company has NEVER, EVER, EVER had a wire transfer reversed!!!
Just keep that in mind. People and "gurus" like to say it can happen to scare you, so you will follow them! Don't be fooled.
Next, your Personal Banker and Investment Professionals will open your eyes to how the "Wealthy People" and large businesses are treated.
Don't you know that "Wealthy People" and large businesses have access to "insurance protection" on their deposits and investments, many have access to protection up to $50 Million each account???
Do you really think that you will have to worry about the small FDIC limit of $250,000.00??? This FDIC limit is for the "common person" or "middle class".
Don't be mislead by these hack "gurus" and fear mongers! They are either completely misinformed themselves, or they really do know the truth, but chose to mislead you anyways so you will follow them!!!
HOW THE MONEY WORKS!!!
Okay, first you must understand the basics of why the banks will bend over backwards to get your Dinar post RV!
And, before I go on, I have read so many posts, and have heard so many questions on Conference Calls about Banks refusing to talk to people, or help them with their Dinar. That is correct, today (pre RV) the "common, low level" employees of Banks are told by upper management that this is a "scam" etc.
So, when you talk to them, they of course tell you what they were told by their boss. Don't mistake, that employee may secretly agree with you, but they will never tell you anything more that the official word from corporate!
So, don't be discouraged that your local bank says that the Dinar is a scam and they will not work with you. That will all change POST RV.
Okay, back to why Banks will bend over backwards to get your money. The following picture is courtesy of HowStuffWorks.com and it shows the deposits-to-lending power. You can find a detailed report on this process by going to and look under the "pre/post RV" section.
From the above image, you can see that our Banks create money in the economy by making loans. The amount of money that banks can lend is directly affected by the reserve requirement set by the Federal Reserve.
The reserve requirement is currently 3 percent to 10 percent of a bank's total deposits. This amount can be held either in cash on hand or in the bank's reserve account with the Fed.
To see how this affects the economy, think about it like this. When a bank gets a deposit of $100, assuming a reserve requirement of 10 percent, the bank can then lend out $90.
That $90 goes back into the economy, purchasing goods or services, and usually ends up deposited in another bank. That bank can then lend out $81 of that $90 deposit, and that $81 goes into the economy to purchase goods or services and ultimately is deposited into another bank that proceeds to lend out a percentage of it.
In this way, money grows and flows throughout the community in a much greater amount than physically exists. That $100 makes a much larger ripple in the economy than you may realize!
When you walk in to the bank with several hundred thousands of dollars worth of Iraqi (IQD) Dinar, their lending department is going to think it is Christmas!!!
The Bank's Branch Manager will want to meet with you and also arrange for you to sit down with their Private Banker. This is a very normal process, and soon you will become accustomed to not standing in that "common peoples" line, waiting for a teller window.
You will sit in a nice office, or at the minimum a very comfortable chair at a nice desk. You know, those people you have noticed all your life, but never really understood why they were sitting over there???... Right!!! Are you starting to feel it?
MEETING WITH THE BANKS PERSONAL BANKER - WHAT TO EXPECT
So, when the Banks personal Banker meets with you, here in short is what you can expect. They will treat you like a VIP!!! And before I go any further, I've heard many callers talk about their "BAD CREDIT".
First, don't worry any longer about your "bad credit" when you have this kind of money post RV, your credit file will "magically disappear" and will not be a real issue any longer.
So, if a Personal Banker tries to tell you that you can get a loan to buy a house, but that loan will be a higher interest rate because of your "bad credit", tell them that they need to do something or else, you will close your accounts and move your money to the Bank across the street! Understand!!!
Don't let them push you around! If you have really bad credit, then there are separate seminars of credit repair professionals that have excellent strategies on how to get that repaired or discharged.
Do not pay off any old debts (especially ones that have been discharged) without first seeking professional help.
For most financial institutions, their Private Banking model will provide to you a dedicated Private Banker, who is also an accredited financial adviser.
They will often be supported by a team comprised of dedicated Private Banking Associates and a Manager of Credit Structures, to do the "technical" work for you.
Additionally, each member of this team will be educated to understand your complete financial picture and work closely with you to achieve your personal and financial goals.
I would like to interject here now a word of caution, don't invest all your eggs in one basket. If you have post RV several $Million available for investments, don't tell this one Bank's Persoanl Banker how much you have in total, maybe only tell them you have $250,000.00 or a $Half Million to invest with them.
Don't tell them what you have in total, and don't be afraid to make multiple relationships with the top banks in your area! Got it?!!! Spread it around and Don't Tell!!!
PRIVATE BANKERS PROVIDE YOU A UNIQUE ADVANTAGE
This unique advantage you will now have post RV of having both a Private Banker and a Credit Specialist working close together is that you can be put on the fast track to responsive high-end credit vehicles.
Their combined expertise can help you to leverage your credit to grow your personal wealth, create personal equity in your company (if desired to still own a company post RV).
They can help you to acquire or diversify investment holdings, purchase real estate, provide financial assistance for family members or consolidate your existing lending.
Your Private Banker can help you to take comfort in understanding better the aspects of your risk tolerance and help you to take advantage of flexible financing options such as LIBOR or Bankers Acceptance (BA) facilities.
While remaining your primary point of contact, your Private Banker is also able to draw upon the extended support of a diverse group of Industry Professionals.
Instead of having to deal with multiple service providers, should you require the specialized services of an investment specialist or a commerical banker, that person will be included as part of your financial team.
Right now there is a lot of mis-direction and out right lies being posted and said to confuse many of us in to believing that these "gurus" have some sort of "inside secret" knowledge that we all can't possibly have access to! That is 100% rubbish in my humble opinion. They have no special intel or inside information. Many are out there saying they have special Bank packages!
That is nonsense, you will be able to go to your local bank and talk to your Private Bankers, interview several of them, and then come up with your own "bank package". Many of these gurus say theirs is special because of the size of their group! I say "BS"!!!
First of all, none of the banks are even accepting the IQD Dinar as a legitimate "Investment", most banks currently are calling it a "scam" and maybe even a few have laughed at you as you leave their branch with your tail between your legs! Right!!! Okay, so what makes a "guru" have anything better??? Lets be real, come on!!!
Many people recently have been finally calling these "gurus" out, asking them to stop their noise and nonsense that is so very disruptive to a vast many of us Dinarians!
We have grown tired of hearing that is has RV'd, or it will RV on Tuesday, and if not, then on Thursday. Or that the bank screens are flashing, or the virus attacked.
Heck, I remember late last year "gurus" saying the RV was held up because of an Asteroid that was possibly going to hit the planet, and that the UN and Top Military Officials had to come up with an "anti-astroid" defense system, and there was no time to talk about an RV!!!! REALLY??!!!
I mean seriously guys (gurus) REALLY??!! But, they said nonsense out there like that, its been posted, its find-able by search engines if you even care to look.
To finish up on a positive note, I encourage you to read the latest news, you can find it posted on TheIQDTeam.com website, listen in to their calls for analysis and Straight-Talking Mike's expertise at making it understandable by us "common" folk. He does a really good job of it.
Another thing I highly encourage you to get off that "guru" roller-coaster and keep yourself grounded with the news and facts.
Lastly, don't sign up for bank packages, don't give away your personal information to these "gurus" because you don't know if they have an ulterior motivation.
It is my humble opinion they want your contact information so that they can sell it post RV, or use it for other reasons which I can only assume are not always going to be with your best interest at heart.