Adam's Chat 7/6/11 1:25pm

Adam's Chat 7/6/11 1:25pm

[Adam Montana] I just got word that a family member is popping in on me tonight, surprise visit
[bobbidoll] Adam Montana Hello!
[Adam Montana] so I'm going to get my chat done early
[sunshinelvr] oooohhhh how nice
[Adam Montana] is anyone available to copy it?
[sunshinelvr] what time?
[bobbidoll] awesome!
[kcw] Adam Montana I will post this for you
[Adam Montana] thank you kcw
[Adam Montana] Now we all know that there is a flurry of news coming out
[Adam Montana] in particular - about a possible redenomination
[Adam Montana] and Iraq is trying to make it look like they will wait till next year to make this move\
[Adam Montana] many of you also know that my friend Sonny1 was very confident that we would see the RV happen about now, or even before now
[Adam Montana] I promised him I wouldn't spill the details of who said what to make him think that
[Adam Montana] but I want to add my two cents to that pot
[Adam Montana] so here it is: I cmpletely understand why he thinks it should have already happened
[Adam Montana] and I don't blame him for making that bold prediction 3 weeks ago
[Adam Montana] we all know that as of July 1st Iraq was basically released from all of their financial issues\
[Adam Montana] they can't use or possess sufficient firepower to protect themselves from an invading country
[Adam Montana] which gives them the ability to make their currency tradable, and it also gives them the ability to revalue it
[Adam Montana] the problem here
[Adam Montana] is that if they RV it now, before chapter 7 is lifted, then they have all this VALUE... and no way to protect it!
[Adam Montana] Chapter 7 restricts them from having an active military
[Adam Montana] they can't use or possess sufficient firepower to protect themselves from an invading country
[Adam Montana] I believe a little birdy whispered in Sonny's ear
[Adam Montana] and let him know that Chapter 7 had a chance of being lifted
[Adam Montana] and if that had happened, I truly believe Iraq would be pulling the trigger RIGHT NOW

[Adam Montana] but since it didn't happen yet
[Adam Montana] they would be foolish to RV now
[Adam Montana] they can't protect themselves yet
[Adam Montana] so in my opinion, the MAJOR thing to look for
[Adam Montana] is Chapter 7
[Adam Montana] ANYTHING related to Chapter 7 is going to be good
[Adam Montana] the other issue is the RD articles
[Adam Montana] I think they are smoke articles
[Adam Montana] let's think about this
[Adam Montana] they can re-denominate
[Adam Montana] and keep the current value
[Adam Montana] nobody makes a profit
[Adam Montana] but why would they do that?
[Adam Montana] 8 years ago they lost 1000% of what they had
[Adam Montana] their currency and wealth dropped insanely fast
[Adam Montana] and now they are in a position to get at least SOME of that wealth back
[Adam Montana] their reserves , economy, and government can sustain a substantial RV
[Adam Montana] and that's why I think they will do it
[Adam Montana] I have no idea how high it will go
[Adam Montana] but they need to regain some of that lost wealth
[Adam Montana] and us lucky bystanders are going to scoop up some profits too.
[Adam Montana] that's my Iraqi News update, I hope you all had a great holiday and didn't lose any fingers!
[Adam Montana] My thoughts and prayers go out to all of our soldiers that couldn't be home with family, and I thank all of you for supporting our troops
Topic: open floor, fire away!
[HYDRANT] Is not one big key to this rv the hcl law
[bobbidoll] Adam Montana you are amazing! thank you!
[Adam Montana] HYDRANT hcl is less important than Ch 7
[glo] ty adam !
[Adam Montana] but yes, it is important
[Straightshot] Adam Montana - Dont you think it makes sense to redenominate before RV ??... and you do know that they are redenominating... going to happen... THEN maybe RV IMO...
[Adam Montana] as soon as Chapter 7 is lifted there will be noo problem fixing the HCL issue IMO
[Adam Montana] Straightshot I think they happen almost simultaneously
[Adam Montana] giving us a very small cash in window
[Straightshot] but no RV before... MY point
[Tagman2] Adam Montana So are we looking for chapter 8 or complete dismissal of chapter 7?
[Adam Montana] it makes sense to move the decimal a couple notches, issue the lower denoms, and force everyone to cash in before RVing again to get the value up even higher
[Adam Montana] Tagman2 dismissal of Chapter 7
[glo] Adam Montana what do you think about what Zorbyc1 said about 1st or 2nd Q 2012 for RV ?
[Straightshot] rd does not change value though
[Adam Montana] glo that's his opinion. you know what they say about opinions... everyone has one
[Straightshot] except asthetically
[fastarnie] Adam Montana Is moving from art.14 into art.8 as important as chap. 7?
[glo] Adam Montana ty adam !
[Adam Montana] that's it for me - thank you all for letting me do this chat early
[bjdksl] Alooooha And Mahalo for the valuable info
[Adam Montana] please let everyone that shows up later know where to find the chat
[Adam Montana] and have a great day!
[sunshinelvr] you got it bossman
[Adam Montana] did someone get it copied?
[Tagman2] Adam Montana enjoy your company and thank you!
[sunshinelvr] Have a great day too and thank you
[bobbidoll] Adam Montana enjoy your evening!
[sunshinelvr] yes i did
[kcw] Adam Montana yep
[Adam Montana] sunshinelvr thanks!!!!
[digital11] woah, adam here
[sunshinelvr] both of us
[Adam Montana] kcw thanks too!!!!!!
[swampboy] what is the predicted date for chap. 7 to be lifted
[digital11] adam, you came for my birthday, right?
[Adam Montana] I'm off, take it easy all!
[Adam Montana] digital11 happy birthday!!