Breitling Chat 5/24/11

Breitling Chat 5/24/11

tenmillion: Hello Everyone! Thanks for being here!
tenmillion: If you would like to ask a question, type your question in the text box and then click on “ask”
Breitling: questions only please , lets get started, hit me
chasting: Howdy Howdy Sir Breitling! Have zero background in economics…actually a car restoration expert turned computer forensic specialist…i want to thank you TREMENDOUSLY for the education I have recieved in economics via your blog..You provide us “average joes” a layman term education which I personally want to thank you for. Great service and an outstanding job bud!
Breitling: hey no problem, like i said i am your guys biggest fan I am hoping for the best for all of you
Danielle904: Good evening Breitling,great to have you here on Tuesday nights.
Breitling: thanks
Danielle904: How do things look for an end of June RV, are we still seeing and hearing positive things coming out of Iraq?
Breitling: Yes, I am more than ever , lets just hope it pans out the way policy is telling us it is going down
hereforfun: Today there was an article that the HCL stills needs a major overhaul. Despite this, Iraq is still attracting oil contractors. Could the HCL delay the RV, IYO?
Breitling: it will always be worked on, it will be a living debate and agreements
dcorey: What good news today?
Breitling: the iraq’s sent imf a letter of intent , which is what we have been waiting for
lstanford: Have you heard anything about all the forex screens being green?
Breitling: no i dont follow that stuff
gonefishin: Do you see any significant movement with the 3 ministers?
Breitling: not as of yet
RV4me: Hey Breitling, I e-mailed you this question but I figured I’d ask here lol. Can you better explain foreign currency accounts? I’d like to place atleast 100,000, if not more, of my dinar in one of these accounts. My only concern is that they are all in 25K notes..so.. in the event that a bounty is held on the large denoms, would placing the large denoms in a bank account allow them to grow with the value of the dinar? or would it still simply be the initial RV rate? sorry if my question is confusing…lol THANKS FOR EVERYTHING YOU DO!!!!
Breitling: you have to start an account with a bank that has IQD on it’s loist at this point no banks will take it
Danielle904: Breitling, do I have to join your blog to see your posts, because I dont think I am seeing what I am suppossed to when I click the link from DD site.
Breitling: www.breitlingcurrency.blogspot.com
Mike: I am a little confused… what needs to be done at this point to have a complete GOI?
Breitling: seated ministers for security
sonya: I heard that Maliki asked for another 100 days! Is it possible he will get it?
Breitling: he has until DFI
libertybell: Can you explain a little more about the letter of intent?Thank You
Breitling: has to do with business and policy post DFI because Iraq will be in charge of its own currency after , so we make them post all policy under law
brillo66104: why do I not hear anyone in the media such as cnn or msnbc talk or even discuss the possibility of the rv. I hear nothing in the news Why?
Breitling: most have no clue about this , and also you and I are not supposed to know about it . it just got leaked out and people on the internet made it into what it is info wise . in the past you never got any info on a country Rv’ing
missdyl: I read that Iraq asked the US to sponsor them in the WTO – do you think that will happen?
Breitling: yes in June
Dara: I have heard conflicting stories on the ministers, Do they have to be voted on and approved before they can RV? Thank you for all your valuable information you provide here and on your blog.
Breitling: they have to be voted on
lightworker: IYO is there any chance the RV could be released before this weekend?
Breitling: no unless the ministers are seated
Nexus: Breitling..In your videos on the banking industry, you indicated the bank only need 10-20% reserves to back it up. Does the CBI and other Central Banks use the foreign reserves as assets toward the 5?
Breitling: yes they do , they use 15%
dinarpapa: Does the fact there are so many other currencys to RV slow the entire Dinar RV process?
Breitling: it is Iraq that is slowing things down , we…. the united states are going to use Iraq’s wealth as a reserve for wealth
drewdinar: Breit, thank you for all you do for all of us..So much appricated. In your personal opinion, I understand the dropping of the zero’s in full. Knowing Lower demons are for the long haul, should I still pick up larger demons so I may get more bang for the buck when it RZV’s or go with the lower right now. I wanted to cash out for maxium profits and reinvest back into Iraq in other ways. Again thanks
Breitling: do a bit of both but the lowers in my opinion are a sure bet and will be able to ride them to 3+
chilla: what is the latest info on the date and rate?
Breitling: I dont get info on date and rate. i get numbers based on my own research
RC: Hi Breitling. Do you have any idea or insight into why the major dealers do not sell the lower denoms if vendors on ebay are able to acquire them in bulk and sell them? I find it strange. Thanks!
Breitling: they keep them because they are worth a ton of money and will grow
raghead1: IBest Guess. Is there an RV before July 1, 2011?
Breitling: IMO the odds are very good
Mike: How will we find out if it does RV. some day forex, some say CBI.. can you give a web-site that i can go too for the annoucement??
Breitling: CBI and roger will contact all
gonefishin: Why have all the other minister positions been seated since December and these three have been so painfully discussed and dragged out? What is it with these three that makes it so different from the rest?
Breitling: it is that they will complete the GOI
hereforfun: Wouldn’t it benefit Iraq to get things moving faster so they can RV? Or are they just as happy to take their time?
Breitling: they are going as fast as they can with the dif political blocks
aelectrician: how do u buy low demoms when all the sites sell 10k and 25k?
Breitling: keep looking…. try ebay
Dara: IYO What do you think a realistic “bounty” will be on the larger denoms?
Breitling: my best guess $.86 cents
Freaky_Frank: Has anyone noticed that the CBI sight has all kinds of new information about financial statements and economy data statistics
Breitling: yes, I have
clkaz: Best Guess is there a rv before June 1st?
Breitling: no
brillo66104: Have you ever felt more positive for an rv than you do right now..
Breitling: nope…. it is all looking good…. I am pumped
raghead1: I own nothing but 25k denom. Am I at a disadvantage when it RV’s?
Breitling: you should be fine
dinarpapa: If China would stop propping up the Yuan would there be any impact on the US Dollar/Dinar relationship?
Breitling: yes, we would be at a advantage
Danielle904: How can you be sure you are getting the real thing when buying lower denoms on Ebay?
Breitling: buy at your own risk , do your homework because i cant tell ya
drewdinar: What do you think the time frame would be for the lower demon to reach the potential was the RV process begins. 1 to 3 years?
Breitling: about 2 years
Dara: I have also heard that silvergreetings.com has the lower denoms uncirculated.
Breitling: yes, they do
missdyl: Is there any chance your radio shows will ever be any longer than 11-14 minutes? I learn so much from your teachings, I could listen for an hour. Thank you so much!
Breitling: the blogsite and youtube limit you 15 min audios only , sorry and thanks
pride: How true is it that the Brits have so much control of the RV.
Breitling: USA in complete control
gunabawhile: I’ve purchased lower denoms in 50′s, i feel if they do RV high I can’t see bills much larger sticking around. IYO what Denom’s will be good to ride up?
Breitling: 50′ 250′s 500′s
dinarpapa: Could we get in a Poker Game with you and your lower denoms?…just asking.
Breitling: let me think about that one
B.I.W.: can you point to 1 other time ever there was a (bounty) put on a bill>>¿
Breitling: germany and the entire eastern europe when they were taken off the russian Peg
aelectrician: in your opinion is there any coorelation between the presidents visit to europe and the dinar?
Breitling: no
beautyjones: Can the other countries RV without Iraq?
Breitling: yes they can
Mike: I dont understand why you say we should be fine when we only have 25K notes.. then you say you feel the bounty will be .86… and we should try to get lower notes… I don’t understand
Breitling: depends on what you can afford and If you believe what the higher denoms will come out at , i am giving you options , so you can decide , you dont want anyone TELLING YOU . so do your homework and figure it out
drewdinar: Do you feel there is a small chance Iraq would keep the 5k and 1k in circulation?
Breitling: maybe the 1k will be saved , just dont know
hereforfun: Is the revaluing of all the other currencies on hold because of the holdup in Iraq? Or will they come out regardless of what’s happening in Iraq?
Breitling: sooner or later they will come out
jimmy60: can i spank you if its not 6.18 ???????
Breitling: I will spank my self
Breitling: ok that did not sound good, sorry
gunabawhile: I have purchased all my lowers from silver greetings, and have had success… just FYI, and thank you for providing that site in your earlier chat..
Breitling: no problem at all
raghead1: what is the difference between 25k denom and 5k denom once it Rv’s?
Breitling: ummmmmmmmm one is worth 25k and one is worth 5 k
tardydinar: if you go to sites on dinar daddy . and look under new iraqi dinar , and click on buy dinar , they have lower denominations .. right ?,, cause i see 50 , 250 and 500 on there .. they do run out sometimes but they get more
Breitling: I dont know you will have to look and maybe call
pistol1: Is a 500.00 Dinar considered a low denom??
Breitling: yes it is
Lilmomma87: Is the drop in the Iraq stock market and the RV related in any way?
Breitling: no not at all
raghead1: Can you clarify if you think there is a risk in holding 25kDenom (would they be less valuable upon rv) than if you hold all 5-10K denominations?
Breitling: i gave you options now it is your time to decide , that all i can do
Breitling: thanks all i am running short today