Late Thursday Night:
RE: Thursday CC Notes
Quote: Frank26: If you read the article (picture with the 100 USD note) … and if you could read the Arabic CBI website … they are telling you they have raised the value of the IQD under the cover of Mosul.
Hootowl: is the rate posted and we can,t see it.....and do they have three days now to release it internationally?
Cole: Im gonna agree with hootowl... are we in those 3 days? Hasn't it already been at least 2???? IMO... I hope I'm right lol!!!
Jay: I know Cole..Its SOOOO AWESHUM...lol Praise our heavenly Father.
Idk when the clock would start. I don't remember if the cbi has to announce it publicly or if they had to announce it to the citizens and then the clock started. I forget...lol
Either way I like BEFORE NOVEMBER and THEY CHANGED THE VALUE ALREADY...AS PER THE CBI LEAK.... SO ITS ON LIKE DONKEY KONG...IMO. I think we are just waiting for them to tell us. imo
Cole: You said it!!! Wow!!!! Praise the LORD!!!! It's already done and set in stone! One night we will (not be sleeping because of things that we know) and then suddenly then BAM!!!!
Dedar: "and if you could read the Arabic CBI website … they are telling you they have raised the value of the IQD under the cover of Mosul."
CBI succeeded in raising the value of the Iraqi dinar against the US dollar
Lilypad: F26, the arabic translation has more than we can see. Delta has been reading the arabc translations. They have been waiting for the official publication from the CBI to let loose of it. Delta will not tell us what is in Arabic--waiting for the CBI announcement
Dedar: lilypad it said in the next few days so we can expect it at anytime.
Lilypad: Yes, we can expect to rate to continue to rise in the next few days. That is all I know. Street rate in Iraq is 1300. If they raise it to 1000 and drop the three zeros, then we have 1:1
Weneedit: Hope that was not a fabricated article.
Dedar: weneedit no it is not.
Lilypad: we need it--CBi put this article in more than one Iraqi paper.--not fabricated
Dedar: The CBI is raising the value of the Iraqi dinar exchange rate against the US dollar in the past few days.
Dedar: It means it has begun. We don't yet know how long it will take to reach us.
Lilypad: How many years has it taken for the CBI to be able to publish this article? We have got to know that they they are so excited
Elmerf123456: If Bruce on the big call reported that ban Ki moon reported that the Iraq IQD was officially international around 3 PM I'm waiting for an official press release on such
Something of that magnitude I think would be on an official document so I stay grounded and I have also contacted and reached out from my contact across the pond to see if I can get anything to share with the family in this regard
But in any regard with the recent press release is coming out from Iraq of mentioning the rates going up on the currency this all will be a moot point soon enough
Lilypad: elmer, do you think your contact would give us the actual street rate across the pond?
Elmerf12356: Lily has always been my contention that the rate that applies over there in country has nothing to do with ours simply for the reason of what we've always been led to believe oil credits Oil credits are not applicable to the Iraq he people what is important to them is there perpetuity two different issues completely….But the one thing that we can all take stock in is the world has not made the financial commitment and investment in Iraq for 1166 They have invested in Iraq for what the future holds
Mangelo: in my opinion, we now that they officially Rv'd back in April 2014, they have been doing business since then, they have been trading on the platforms,it's just not made public to us. Ray has said there are Iraqi people with card that have 3.71 to work with. When the PTB let us have our turn, just like those Politicians and the upper 1% I believe have had their money and because of a NDA will will never know. we just have to wait for our turn
RockyMtnLady: Hee hee! Last time I went out for Chinese food my fortune cookie said "a financial investment will yield returns beyond your hopes"....Chinese food tonight...different cookie..but the same fortune!
Tamdean: rockymtlady, mine said ,bout to become wealthy
TwocuteCats: Things I did wrong when choosing my financial advisor
1. I didn't do a background check.
Find out both the qualifications and disclosures (complaints) about your advisor at http://brokercheck.finra.org/
2. I let him talk down to me, get angry with me and be impatient.
You're paying them to work on your behalf. Would you let any other employee - or anyone - speak to you so disrespectfully? Just because they have more experience than you doesn't give them permission to be a jerk.
3. I didn't fully understand the investment I was in.
If you don't understand where your money is going, and why, then don't invest until you do.
4. I didn't understand the best way to invest for my age.
You can take more financial risks if you're younger. If you're advanced in age you probably don't want a high risk investment that can wipe out 50% or more of your nest egg if things go bad.
What is your goal and how does each investment category meet that goal?
5. We didn't talk.
Even though there was a formal annual review I needed someone to carefully explain what was going on. You may not need such detail but I did and didn't get it.
6. We didn't always have the same world view.
In the beginning he confirmed the Dinar was a valid investment (but not offered by his firm).
We discussed it and its impact on the markets when it would revalue. Today he claims foreign currency is the best way to lose all your money and he apologized if he ever led me to believe otherwise.
Finally I "woke up" to the fact I was working with the wrong guy and asked to be switched to a different financial advisor. He graciously said that would be fine and there were no hurt feelings. I am to expect a call in the next few days. Thankful for the pre-RV lesson, all my future advisors will be more closely vetted.
This is my personal experience in the real world. I hope others find it helpful.
Please no bashing. I acknowledge I did a lot wrong and am still sensitive. Maybe in a week or two ... ;)
VegasGal: This is great information! I could write a dissertation on what I did wrong the first time I was wealthy. Thank you for your honesty! In the words of our great leader, "You don't know what you don't know!" Hey, but now you know, and so do we, because of you!
Clara: Lessons and knowledge come in many different forms, among them are mistakes. I appreciate you sharing your experience and other's comments. When we are flush with emotions after finally going to the bank, that is not the time to ponder this advice. That's why many call it the TNT University - so much to learn before our emotions get in the way.
[JESTER] HI EVERYONE…
[PollyP] JESTER where are we at the moment? Anything moving or happening behind the scenes for our situation. Its crazy quiet out here
[JESTER] I BEEN PICKING AROUND SOME OTHER STUFF THAT INDICATES THE GRADUAL TRANSITION OF THE GLOBAL ECONOMIES AND LEVELING THE PLAYING FIELD SOMEWHAT...
[MotoXR] JESTER making it gradual is good for everyone ,rather than a huge hit imo
[JESTER] THERE IS SOME BOND STUFF WE ARE RESEARCHING THAT MAY BE ANOTHER COMPONENT OF CHANGE BUT IT HAS NOT BEEN FINALIZED YET....
[MotoXR] JESTER Are some of the bonds you are researching to help out countries so they will have a good transition financially into the new system?
[JESTER] MotoXR THAT IS NOT EXACTLY HOW THAT WORKS... IT IS QUITE A BIT MORE COMPLICATED THE SCENARIO THEY ARE MOVING FORWARD...
I WILL TALK ABOUT IT WHEN I HAVE MORE PROOF THAT IS WHAT IS GOING ON..