Stryker: I thought I would blog today about the events this week that took place in Iraq but that wouldn't take me very long to do because we are waiting on the same things that we were waiting on the week before - and -
that is for them to get their issues resolved long enough for them to return to parliament and get the much needed laws passed that will finish structuring their future by exiting Chapter VII and into Chapter VI and the needed Articles adjusted for them to enter back into the international community.
Well, now that I re-read this long sentence it looks like I did recap the week.
But after reading a comment by our new member H-Spot I was motivated to write the following:
Here is H-Spot's comment first though:
I was always under the assumption that all the CBI auctions(and BIG ones-9 figures) were just bringing the 000 notes off the streets, like we've been reading about for the past however many year(s).
Read More Link On Right
So every time I look at cbi.iq, and see they are STILL having big currency auctions(selling the USD?), that tells me they are still bringing in the large notes.
One thing I never really quite understood however is why the dealers are still selling "uncirculated" notes? If all that is in circulation are worn and torn notes in very bad shape, forcing the citizens to use USD, why aren't those uncirculated notes that we can get being put out over there? This thought brings up a myriad of questions about our investment, which then obviously lead to those doubts.
And now my thoughts:
I think this may help clear some up, they are still putting dinars into the market but just not reporting all that is being stored in safes and vaults until they are ready to destroy them, like the article said yesterday.
These are the ones that they have talked about since September 2011 in articles that started all the worn and torn dinars that are in the market. The point I was making in my blog yesterday is that they will run out of dinars at some point unless they do three things:
1) print more dinars with the 3 zeros like we hold and put them into the market
2) release the best ones back into the market as they may have a little life left in them.
3) find a way to get us all to sell our dinar holdings back so fast that the dealers are forced to sell it back to the banks they bought it from because they don't want to hold on to it in case the CBI does lop the zeros off.
Number 3 can be done in several ways, do what I call a reverse pumper campaign (or propaganda campaign as Dr. Shabibi slipped up and said once) where people come into forums and try to convince dinar holders that they will only lop the zeros and there is no way that Iraq will ever let the dinar gain in value in the way that will make anyone a millionaire or for that matter make anyone any profit at all and or convince people that this will end up just like all the other countries that have done it in the past.
I know this could be going on because we have people that ask questions and we know by FACT that there has been a reverse in the buying habits of the dinar speculator over the last year or so and the currency exchange businesses have had more people selling then buying dinars.
So now the dealers are making money on that, nothing wrong with this by the way as like any commodities business they are entitled to make a profits.
The CBI will then end up with the dinars and by the way it could be going on right now and this is the only way that they have been able to last this long. We have seen a much bigger campaign of lopsters in the last year IMO.
See some of the dinars here get recycled just like in Iraq but at some point the dealers are smart people and know too that a lop is possible and will not hold on to more then they can lose. In other-words, the dealers don't want to be holding the bag, if you know what I mean.
Another way is to delete the zeros off the notes and making it a neutral and lateral move, therefore it becomes a zero money maker and the Iraqi's do not gain the wealth back that the wealthy Iraqi's lost over the last several decades due to the actions of their dead dictator and others that followed him.
Or the CBI can also revalue their currency at a point that both the speculators will exchange back to either the USD or other forms of investment and the Iraqi's can see an increase in the value as they do deserve IMO.
The wealthy Iraqi's that have had their funds in long term accounts in either the state owned banks or any of the banks that have been around for decades too.
The same funds that have devalued over time, these Iraqi's have waited it out as many other investors have all over the world in hopes that their countries will emerge from decades of war and sanctions put on them because of bad leadership.
There have been many articles, press releases and statements stating that the Economics Committee of Iraq have wanted the dinar to gain in value by introducing a new Monetary and Currency Reform, we have read these and have these in our archives for all to read. Oh and yes they have also said these things in reference to also deleting the three zeros.
So folks, don't let anyone tell you that the Iraqi's only want to delete the zeros like every other country because that is just not true but in fact one of many options Iraq could take.
Just because it hasn't happened with other countries it doesn't mean the the second largest oil reserve holder in the world and the number one natural gas reserve holder in the world, not to mention the other natural wealth Iraq has, can't find a way to make this work for their people and because some of us had the foresight to read, research and study like Iraqi's Economic Committee and Dr. Shabibi has to make sure that they can do it better then all the other countries have in the past, by just reducing their money supply over time, just as it was depreciated, over time.
Many articles indicate that they have been reducing liquidity in the form of dinars to the point that Rasheed Bank announce this week that the problem with the low liquidity (dinar) in the market is due to the low liquidity in the banks all over Iraq.
I must get on to other research projects but I thought it important that we all know our options and theirs. But before ending I do like typing about it all because there are new dinar speculators coming into this investment every day that need to know all the possibilities that could take place and has a guru (educator, teacher) of the dinar,
I owe it to everyone that joins our forum and family to talk about all the the FACTS and BTW that is what our site is based off of, just in case someone doesn't know this, I thought I would share that with everyone so there is no misunderstanding going forward. Stryker Blog