Adam Wednesday Night Chat 4-27-11

8:48 PM [Adam Montana] ok, I'll just do it
8:48 PM [Adam Montana] well friends, here we are on another Wednesday and still no RV!
8:48 PM [pleasantvalleySunday] Adam Montana hi adam I can
8:48 PM [Adam Montana] thank you PVS
8:48 PM [pleasantvalleySunday] happy to
8:48 PM [Adam Montana] I grabbed the 5 most popular questions from the thread
8:49 PM [Adam Montana] i want to tackle them quickly
8:49 PM [Adam Montana] no need to take all night for these!
8:49 PM [Adam Montana] first one is also related to my last chat
8:49 PM [Adam Montana] I had received an email from my contact at the CBI
8:49 PM [Adam Montana] he was / is very excited about the news coming out this week
8:50 PM [Adam Montana] aka the bank accounts being opened
8:50 PM [Adam Montana] this is in conjunction with what he said to watch for over the next months
8:50 PM [Adam Montana] aka getting the money supply under control
8:50 PM [Adam Montana] and what he THINKS is they are going to start destroying massive amounts of bills
8:51 PM [Adam Montana] this is speculation on his part, but he's closer to the source than anyone else we know, so I like it!
8:51 PM [Adam Montana] that's the good news
8:51 PM [Adam Montana] the bad news is the 'removing of the zeros"
8:51 PM [Adam Montana] we all have to accept that it is possible
8:51 PM [Adam Montana] I don't think it's likely
8:51 PM [Adam Montana] but it's possible
8:51 PM [Adam Montana] if they do, a 25000 note will be worth 25
8:51 PM [Adam Montana] sorry, thanks for playing
8:52 PM [Adam Montana] the other theory is that they could remove the zeros from the exchange rate
8:52 PM [Adam Montana] making all dinars worth .86
8:52 PM [Adam Montana] but I don't buy that - it's an arbitrary number and they won't arbitrarily assign a rate
8:53 PM [Adam Montana] it will be determined based on the value of the dinar, the price people are willing to support, and the countries ability to back it
8:53 PM [Adam Montana] which is why i think a .10-.25 RV is more likely
8:53 PM [Adam Montana] again, I don't think there will be a removal of the zeros, but it is always a possibility
8:53 PM [Adam Montana] someone asked if Warka is a way to get around that
8:54 PM [Adam Montana] possibly, but there is no guarantee
8:54 PM [Adam Montana] someone asked if we should start purchasing smaller denominations
8:54 PM [Adam Montana] my opinion
8:54 PM [Adam Montana] is that when they change the value of the dinar, a denominations will be affected equally
8:54 PM [Adam Montana] so your 25000 note is just as good as a 500 or 50
8:55 PM [Adam Montana] so my answer is "no", don't worry about buying smaller denominations
8:55 PM [Adam Montana] and finally a question was asked about the TEXT MESSAGE service that is provided to VIP members
8:55 PM [Adam Montana] all members will get an email
8:55 PM [Adam Montana] explaining the rate, the situation, etc
8:56 PM [Adam Montana] VIP members will get an email with a list of our partner banks, which have and don't have delarue machines, etc
8:56 PM [Adam Montana] the text message that you get will basically say "VIP member, check your email NOW!!!!"
8:56 PM [Adam Montana] that sums it up! If I hear anything further from my boots on the ground I'll do another chat
8:57 PM [Adam Montana] when PVS posts this, feel free to leave follow up questions in the thread
8:57 PM [Adam Montana] thanks for keeping it cool, friends!