Chat FROM ANOTHER SITE (I have no idea where this was emailed to me)

[Nonie] a couple things, I don’t want to come on to dispell a bunch of rumors but I did want to come on and discuss a few things
[Nonie] about what shabs said
[Nonie] the reason why I’m going through this is to help you understand what your looking for
[Nonie] shabs said they were coming out to remove the 0′s, he didn’t say the 30th he didn’t say .86
[Nonie] let’s get real with every thing
[Nonie] anything over .50 is a miracle
[Nonie] number 2 there is absolutely no way for them to come out at .86 and meet their budget
[Nonie] if you look at the numbers they are only getting 32. per barrel
[Nonie] 6 or 8 dollar rv rate? no
[Nonie] 5.25 rate no
[Nonie] they will only come out with what it takes to meet the budget and a little bit more
[Nonie] that’s it
[Nonie] 32 bucks at 1.8 mil barrels = 4.40
[Nonie] that’s the upper amount
[Nonie] if you watch bernanke and shabs they talk they are buddies, they never say the rate, they say its good
[Nonie] bernanke says the dollar is good vs the british pound
[Nonie] it has to move to meet the iraq budget
[Nonie] they have dinar
[Nonie] if some one told you they rvd in country
[Nonie] its not true
[Nonie] they don’t cash out over there, they use their own money
[Nonie] that’s the whole purpose instead of 25, 000 dinar to buy a loaf of bread they use the lower to buy
[Nonie] don’t believe the rumors, 1 we know its close
[Nonie] the article that came out today, that the settlement is close how the CBI decides to restructure the currency
[Nonie] they are trying to explain that the dinar will be worth the money, 25,000 to 25 dinar (lop) doesn’t make sense and the translation issues are causing issues in country an out, you won’t need 25K notes anymore for the same purchase power
[Nonie] is it going to happen this week? no ask yourself why
[Nonie] does any one know where shabs is today? he’s in england, they are not in country
[Nonie] its not happening until they are back
[Nonie] Thursday for us
[Nonie] rule out this week for us
[Nonie] might go friday, looks good from Sunday on
onie] the article that came out today, that the settlement is close how the CBI decides to restructure the currency
[Nonie] they are trying to explain that the dinar will be worth the money, 25,000 to 25 dinar (lop) doesn’t make sense and the translation issues are causing issues in country an out, you won’t need 25K notes anymore for the same purchase power
[Nonie] is it going to happen this week? no ask yourself why
[Nonie] does any one know where shabs is today? he’s in england, they are not in country
[Nonie] its not happening until they are back
[Nonie] Thursday for us
[Nonie] rule out this week for us
[Nonie] might go friday, looks good from Sunday on
[Nonie] as far as the articles take what we’ve got and what we are seeing, there is not a drop dead date
[Nonie] there is a date to pay people
[Nonie] they have to start paying salaries
[Nonie] on the 1
[Nonie] that’s the opening of the budget
[Nonie] that’s why next week looks so good
[Nonie] from Friday Saturday Sunday we are looking good
[Nonie] nothing is going to happen until they are back in town, so breath, don’t pay atteniton to rumors, breathe
[Nonie] that’s where we are at
[Nonie] if you have dinar in your hands
Nonie] they are trying to explain that the dinar will be worth the money, 25,000 to 25 dinar (lop) doesn’t make sense and the translation issues are causing issues in country an out, you won’t need 25K notes anymore for the same purchase power
[Nonie] is it going to happen this week? no ask yourself why
[Nonie] does any one know where shabs is today? he’s in england, they are not in country
[Nonie] its not happening until they are back
[Nonie] Thursday for us
[Nonie] rule out this week for us
[Nonie] might go friday, looks good from Sunday on
[Nonie] as far as the articles take what we’ve got and what we are seeing, there is not a drop dead date
[Nonie] there is a date to pay people
[Nonie] they have to start paying salaries
[Nonie] on the 1
[Nonie] that’s the opening of the budget
[Nonie] that’s why next week looks so good
[Nonie] from Friday Saturday Sunday we are looking good
[Nonie] nothing is going to happen until they are back in town, so breath, don’t pay atteniton to rumors, breathe
[Nonie] that’s where we are at
[Nonie] if you have dinar in your hands
[Nonie] and you want to give it to some body
[Nonie] and you can just give it, they can go cash it in
[Nonie] if your trying to write it off, your going to get people into trouble, if you had 200K dinar and you gave some one 25K note and your trying to write off the cost
[bvosr] Can’t hear you
[Nonie] so let’s go to Q & A
OTC means over the counter, breathe, quite chasing rabbits, erbil agreement, ministers look for those to be done
Q: did you see Treasury article on reserves going up at the end of 2011,
[Nonie] R: no but it sounds about righyt
[Nonie] Q: why would they put that in print?
[Nonie] R: bottom line is they don’t tell you why they have the additional money
[Nonie] bottom line is we are applying it to the dinar
[Nonie] but it could be some thing else
Nonie] R: we need to step back and breathe,
[Nonie] Treasury increase on reserves is interesting
[Nonie] next ?
[Nonie] Q: has the erbil agreement been signed?
[Nonie] R: agreed upon in Nov, voted on by parliament 3 weeks ago, approved, lacking is implementation of the power sharing between the blocs, A, M and Talibani
[Nonie] M is unwilling to let go of the power, he’s dragging his feet
[Nonie] Al gave up a bit more, they all came together and we though we were good for a Sunday, but they haven’t settled things quiet yet
[Nonie] so articles are moving towards erbil activation,
[GotAlottaDong] FYI : I saw a article today that suggested Allawi may have Colon Cancer, that may be a reason why we have not read as much in regard to him being part of things lately
[Nonie] R: I like monday really well
[Nonie] you have to look at this thing as far as timeing
[Nonie] Q: erbil imperative
[Nonie] R: yes power sharing has to be in place, if M had the money he wouldn’t have to give it up, but he’s painted himself into a corner he can’t afford to balk on this any longer
[Nonie] next ?
[Nonie] Q: has the erbil agreement been signed?
[Nonie] R: agreed upon in Nov, voted on by parliament 3 weeks ago, approved, lacking is implementation of the power sharing between the blocs, A, M and Talibani
[Nonie] M is unwilling to let go of the power, he’s dragging his feet
[Nonie] Al gave up a bit more, they all came together and we though we were good for a Sunday, but they haven’t settled things quiet yet
[Nonie] so articles are moving towards erbil activation,
[GotAlottaDong] FYI : I saw a article today that suggested Allawi may have Colon Cancer, that may be a reason why we have not read as much in regard to him being part of things lately
[Nonie] R: I like monday really well
[Nonie] you have to look at this thing as far as timeing
[Nonie] Q: erbil imperative
[Nonie] R: yes power sharing has to be in place, if M had the money he wouldn’t have to give it up, but he’s painted himself into a corner he can’t afford to balk on this any longer
[Nonie] next ?
[Nonie] Q: your translation that you got from shabs speach vs delta?
[Nonie] R: he isn’t totally wrong but I’
[Nonie] I’m right
[Nonie] Q why is the budget so critical can they get around it/
[Nonie] R: no they have to rv, they can’t get around the budget
[Nonie] Q: what are the numbers?
[Nonie] R: they turned around and offered 15K bonus, 2 weeks ago allowed them to borrow at a low interest, and they would take the money back when they got paid, loan or borrow pushes it out, but they don’t have any more to loan
[Nonie] about the electricity, they borrowed the money, they couldn’t borrow the whole amount, they loaned a % of the budget
[Nonie] Q: with regard to A and M, is there 2 camps, authors and telling iraq that they will only put up with it, the other camp is go and M has to give up power, when does he have to surrender
[Nonie] R yeah, this is my opinion
[Nonie] 1 M has been able to circumvent any date, the last 2 or 3 dates, as there isn’t really a drop dead rate, how long can they go, a teeter totter as far as this goes, the USA gov is pushing to get this
[Nonie] the way it is now they are starving they want their money they are just trying to survive
[Nonie] the absolute catylist is the gov is at a tipping point where they say enough is enough
[Nonie] in all reality 3 or 4 more weeks the iraqi people may not let it go out further then the middle of july
[dme119] R: I felt pretty good about the other weeks but i feel really good about this coming week
[dme119] next Q
[dme119] really respects Randy and asks for insight
[dme119] R” what’s the trouble with it?
[dme119] caller frustrated about all the different dates being thrown out
[dme119] R: I don’t worry about dates. Looking for 3 things … Erbil agreement signed, budget opened, ministers announced
[dme119] what they’re doing is hiding behind the announcement of their ministers while they work out the Erbil Agreement … only part not worked out is Strategic Council
[dme119] M doesn’t want to give up the power … he’s a little dictator
[GotAlottaDong] Erbil agreement is the hangup,, Maliki would have to share power
[dme119] just because everything lines up doesn’t mean it’s going to happen … Randy doesn’t have a crystal ball
[dme119] they already approved their budget and have to make it work with the rate
[dme119] next Q
[dme119] Q: Caller believes from what he’s been reading that S & M were placed by US to get things done. Do you believe S & M really have the power to hold this up?
[dme119] Wouldn’t this be on us rather than them?
[dme119] R: no .. it’s all M right now
[dme119] the reason this hasn’t popped is because the ministers haven’t been shown … who do you think is holding that up?
[dme119] Caller asking about could US be holding this up because they are trying to get some more taxes in place or the GS or the thing with gold?
[dme119] R: All this has absolutely nothing to do with the dinar. It’s over the counter stuff
[dme119] M doesn’t want to give up power
[dme119] US wants M and the others to work together to get it done
[dme119] Only Erbil Agreement needs to be finished and then we’re done
[dme119] there’s no tiers cashing in … it’s not economically feasible so don’t worry about that
[dme119] next ?
[dme119] Q: Talking about the 30th with DFI, UN sanctions, WTO … if they’re not done by then they won’t get all this?
[GotAlottaDong] i read DFI was approved, read that last week
[dme119] R: where is the article stating that?
[dme119] DFI runs out on 30th, yes, but they are extending it however long it takes cause iraq can’t afford to lose it’s money
[dme119] the WTO is just talking about getting reparations done
[shanny] Thank you dme119 and Nonie.
[dme119] Caller asking about amount of DFI
[dme119] R: While in CH7 iraq’s money is in DFI
[dme119] it was moved to the US to protect iraq from being sued
[dme119] WTO is not a big deal
[dme119] we want the WTO to be a big deal but it is not a big deal
[dme119] Caller thought this was all around the rv
[dme119] R: it is all around the rv and they need to rv but he believes the US will extend the CH7 coverage to protect them
[dme119] next ?
[dme119] Q: the money from the sales of oil … are they able to get their hands on that?
[dme119] R: yes, only a % goes to dfi, kuwait, kurds
[dme119] Mininstry of Oil offered to pay Halliburton in oil but H told them no, get your economy in order and pay or they’re shutting their doors and leaving
[dme119] They are trying to pay everyone in oil.
[dme119] Their oil production only produces 26 bil but their budget is 89.1 bil
[dme119] they are only getting $32/barrel
[dme119] caller says he follows all the websites and looks at rumors for giggles. people are looking at rumors as being factual. do your own research people.
dme119] caller says do your homework so you don’t stress randy out so much
[dme119] R: he has been trying to answer his emails but the last couple weeks there are so many coming in and so many calls. he has to work too. had family reunion this past weekend and dealing with broken AC ..
[dme119] then gets a shattered front windshield while driving.
[dme119] he reads a few articles but life goes on
[dme119] you gotta work
[dme119] you gotta eat
[dme119] noone needs to call him at 8am and then again at 11am to see if something happened
[dme119] there are articles coming out and things are coming to a head
[dme119] he just wants facts
[dme119] if you hit him up with something that’s not fact, he’s not even reading it
[dme119] don’t worry about this
[dme119] it’s not rving tonight or tomorrow night because S is not in iraq
dme119] Randy gives credit to the CC team for all the great articles and info
[dme119] it’s just too hard for one person to do it
[dme119] next ?
[dme119] Q: how is iraq going to supply over 2mil people in the US who purchased dinar with funds?
[dme119] R: it won’t cost them a penny
[dme119] they won’t spend one penny on it
[dme119] Q: as far as June 30th, it’s supposed to happen by then …
[dme119] R: who said that?
[GotAlottaDong] in the US the Fed Reserve will be buying it from the banks, Iraq will have no immediate effect
[dme119] caller says he feels it will or by end of July … doesn’t want to predict date
[dme119] what will the rate be?
[dme119] R: they have to make the budget work … divide 90 bil by 26 bil gives you the rate they need to come out at
[dme119] what do you think about VND?
[dme119] R: doesn’t know .. had caller on last call in Vietnam and they don’t even know over there
[dme119] next ?
[dme119] Q: caller listens to all the calls and on another call they have articles that there is a 5 year plan ending June 2011. caller agrees with Randy about S & M.
[dme119] S has told us that he’s going to use the rate to make up the budget deficit and about removing the 3 zeroes.. .he’s told us he’s getting ready to do this
[dme119] the last phase which they talk about is rving the currency
[dme119] do you see it going past late july?
[dme119] R: IMO I don’t see it going past next week b/c the MOF wants to pay people … they have to open the budget to pay the salary
[dme119] they can open the budget without showing the ministries
[dme119] randy’s just trying to use common sense here
[dme119] he couldn’t care less about the ministers if they show the money first
[dme119] next ?
[dme119] Q: Concerning the power grab b/t M & A … is it feasible that M has the power to get this done in the absence of A?
[dme119] R: absolutely .. M is the only person dragging his feet because A has zero power right now and he’ll basically be running M … M doesn’t like that
[dme119] Randy says breathe!!!!
[dme119] Q: The inflation rate has been going up every month … why would it be different than what they say it is?
[dme119] R: checking CBI … you’re right it is going up b/c they don’t have any currency
[dme119] core inflation rate is 6.7% right now … S is trying to keep that # below double digits
[dme119] they’ve taken the money off the streets so he doesn’t have a lot of options
[dme119] cbi tries to keep close to real #’s … GOI not so much
[dme119] caller talking about everything coming up on 6/30 … UN sanctions, DFI, etc
[dme119] R: sanctions are pretty much already released
[dme119] and the DFI
[dme119] R: believes they will extend the protection on the DFI money … this was supposed to be done months ago
[dme119] even after the RV they’re going to extend the dfi protection
[dme119] they were supposed to rv back in Dec before the sanctions were even listed
[dme119] caller asking about rv not costing iraq anything
[dme119] R: no .. we turn our money in .. it goes into our treasury … then gets traded for oil .. costs iraq nothing! it’s Bremer at his best
[dme119] even after the RV they’re going to extend the dfi protection
[dme119] they were supposed to rv back in Dec before the sanctions were even listed
[dme119] caller asking about rv not costing iraq anything
[dme119] R: no .. we turn our money in .. it goes into our treasury … then gets traded for oil .. costs iraq nothing! it’s Bremer at his best
[dme119] Obama is the fly in the ointment?
[dme119] R: not anymore
[dme119] R: we wouldn’t be seeing the articles we’re seeing if this wasn’t getting ready to drop out
[dme119] especially since it’s coming from the cbi
[dme119] it looks very good for next week
[dme119] from Sat/Sun on
[dme119] next ?
[dme119] Randy wants everyone to know he won the Nigerian lottery for the 100th time
[dme119] Q: If the dinar rv’s and then she gives each of her children $1mil, wouldn’t the money be double taxed?
[dme119] R: no … only the one cashing it in is taxed
[dme119] If you give it to them now, they pay the taxes
[dme119] before you do anything, ask a tax attorney
[dme119] but remember there is no tax until it’s cashed in
[dme119] everyone should consult a tax lawyer before doing anything
[dme119] next ?
[dme119] Randy wants everyone to know he won the Nigerian lottery for the 100th time
[dme119] Q: If the dinar rv’s and then she gives each of her children $1mil, wouldn’t the money be double taxed?
[dme119] R: no … only the one cashing it in is taxed
[dme119] If you give it to them now, they pay the taxes
[dme119] before you do anything, ask a tax attorney
[dme119] but remember there is no tax until it’s cashed in
[dme119] everyone should consult a tax lawyer before doing anything
[dme119] next ?
[dme119] waiting for next caller
[dme119] Q: couldn’t get on the call on time … did it start on time?
[dme119] R: yes it did
[dme119] Q: missed first part of call due to using “back #” …
[dme119] R: i’m not aware of a “back #”
[dme119] had same ? as others … already answered
[dme119] next ?
[dme119] Q: caller’s brother read an article today about iraq giving japan a $10mil loan for their clean up
[dme119] R: they don’t have any money
[dme119] Q: do they have to rv prior to the Paris Co
[dme119] Paris Club Debt
[dme119] coming due?
[dme119] R: thinks most of that was taken care of on Dec 17 or Dec 30
[dme119] that pandora’s box should have been open last year
[dme119] nobody thought iraq was gonna take this long
[dme119] thought it was about pending tax legislation
[dme119] Randy’s opinion of what happened ..
[dme119] In Nov they were supposed to pay and delayed until Dec, when it was supposed to rv
[dme119] then delayed it again
[dme119] US delayed it b/c they were trying to raise the cap gains tax
[dme119] it got down to Dec 31, they tried for taxes again
[dme119] then in Jan decided to play with the Bush Tax Cuts
[dme119] all agreements were done in Nov
[dme119] all the guys in iraq decided they wanted more money
[dme119] then it all started falling apart
[dme119] can someone please tell randy he’s very hard to hear … thanks
[dme119] caller says with the mess going on with Greece, etc, they need to get this done
[dme119] R: yes, people are getting fed up
[dme119] he doesn’t have the exact rate and date
[dme119] next ?
[dme119] Q: if a guy was going to create a foundation, should he put the money in pre-rv?
[dme119] R: you have to do it prior to the tax
[dme119] if you want the foundation to assume the tax, it must be in the foundation before cashing in
[dme119] next ?
[dme119] Q: caller has 2 articles … iraq claims to clear security and declare security ministers
[dme119] appears other political blocs are giving M the authority to pick his choice of ministers
[dme119] Q: what about the other article from S?
[dme119] R: starting to look up from Sat/Sun on
[dme119] it’s a translation issue … talking about raising their currency up
[dme119] shanny he’s very garbled as well at times
[dme119] caller says it doesn’t appear they have to wait on M for anything
[dme119] R: it’s already been voted on .. all that has to happen is M give up some power
[dme119] next
[dme119] Q: caller asking about what is dinar tied to
[dme119] R: it’s pegged to the dollar and tied to a basket
[dmac] Tell em you’re having an RV pre party
[dme119] all currencies in that basket have to move before others in that basket can move
[dme119] next ?
[dme119] Q: caller asking about American Contractor
[dme119] R: i don’t follow him
[dme119] Caller is reading article from AC about the dfi
[dme119] and CH7 sactions going to the end of this year or into next
[dme119] R: yes that could happen
[dme119] they’re trying to keep those funds away from lawsuits
[dme119] caller heard they cannot have an internationally recognized currency under sactions
[dme119] R: that’s bunk … they were under sanctions with Saddam .. they were still int. recognized
[dme119] next Q
[dme119] Q: You stated it wouldn’t happen this weekend because M & S aren’t in country?
[dme119] R: No … S is not in country and he’s the big one
[dme119] US will be in charge of the RV
[dme119] S will be the one pulling the trigger … he will be at the bank to do that .. that’s why this is not a good week for it
[dme119] caller thought iraq had done everything they need to do …
[dme119] R: who’d you hear that from?
[dme119] caller says in the chat rooms and other calls
[dme119] R: keep in mind not everything in the chat rooms is true
[dme119] basically S is the trigger fingeer man
[dme119] next ?
[dme119] Q: After the rv, how long do you see other ME countries going?
[dme119] R: i think they will go pretty quickly depending on the GCC … Saudi Arabia & Qatar may go with this thing … They would be my next to look at. Kuwait isn’t coming down .. they have to go up to Kuwait.
[dme119] Q: are they trying to trade oil so they don’t have to pay?
[dme119] R: Yes, but Halliburton said no .. the MOF is trying to pay with oil
[dme119] Q: Are you having a get together after the rv?
[dme119] R: yes … in Austin … [You must be registered and logged in to see this link.] email randy
[dme119] next ?
[dme119] Q: Wouldn’t the DFI fund pay for about 2 years of their budgetary requirements?
[dme119] R: There’s been a lot of misappropriation. There’s not that much in there. It’s been spent, moved or misappropriated.
[dme119] They don’t have to have the money to rv .. they need the GOI in place
[dme119] if the money goes up, they’ll be and M could probably stay in place for years
[dme119] the people feel that their country doesn’t care about them
[dme119] They need to have power sharing and more of a democracy and all their blocs have agreed to this.
[dme119] garbled again … sorry
[dme119] Q: Story goes, US was trying to impose an additional tax which didn’t happen, but maybe there’s a bottom dollar … they need to see so much tax … so maybe they are delaying to more people can buy dinar and then they will get the tax money they need.
[dme119] R: M has been the fly in the ointment .. every time they go in to do it, he comes up with some reason why he won’t do it. The US has not been forceful enough on M to make him do this.
[dme119] Now you’re not seeing articles about M & A trying to kill each other, they’re agreeing on things.
[dme119] M was extremely pressured to finish up this week.
[dme119] Q: thank you for all you do and your insight
[dme119] next Q
[dme119] Q: caller’s background is finance and economics
[dme119] knows a lot of people are not grounded
[dme119] it seems all of those high up sources can’t be wrong 100% of the time and we just need one to be right
[dme119] some of those high sources may not be high enough up the food chain to tell us what we need
[dme119] and not all bank rumors are wrong
R: you will not hear anything from the banks .. it opens them up to law suits
if they say it’s a scam, you can sue them because they sold it to you
if you sell because they say it’s a scam, you can sue them for losing out on the opportunity
Randy loves to hear some bank stories … doesn’t think 100% are lying .. but banks won’t tell you anything
[dme119] Caller says this is something put in place years ago to pay for the war
[dme119] caller says it’s like building a beautiful car and forgetting to put the lug nuts on
doesn’t understand how they can not get this done
[dme119] R: US pressured iraq and Maliki to get this done this week
[dme119] the powers that be … it’s all about money … not even about the country of iraq … money rules
[dme119] most people are hurting for money
[dme119] no matter what this is going to happen
caller says we are watching history unfold
[dme119] Q: what is your best guess for an rv?
[dme119] R: sometime before the 30th … just a guess … bottom line, because of what the cbi put out, what’s going on with M, A & S
[dme119] there’s a lot of good reasons for it to happen next week … will it happen? i don’t know
[dme119] the MOF stated they want to pay people on July 1, this needs to be done before then
[dme119] Q: what is the best place to look for it?
[dme119] r: cbi
[dme119] Q: is it open at all times?
[dme119] R: it’s open 10-5 Baghdad time
[dme119] next ?
[dme119] Q: heard iraq had 25bil and now has 27 tril … how will that effect the rv
[dme119] R: it won’t effect the rv
[dme119] caller thought they had diluted the currency
[dme119] they had 25 bil printed in 2003
[dme119] their currency will drop with the rv
[dme119] removing the zeroes
[dme119] next Q
[dme119] bought dinar in his name but when exchanges it wants to transfer to his business LLC … will that be a problem?
[dme119] R: no … why would there be a problem with it?
[dme119] anything over $10,000, the bank is gonna check you out real good
[dme119] if you’re planning on going to Ty or Ali, go to your bank first and let them know what you’re doing
[dme119] garbled
[dme119] when this rv’s, go find a good tax attorney and talk to your bank
[dme119] Q: how did you get to the $4 rate
[dme119] R: official oil production 26mil … all their oil is selling for contracted rates to other countries
[dme119] selling to US at $32/barrel
[dme119] divide 90mil budget amt by 26mil oil production to get the rate
[dme119] anything over their budget plus a little bit more is crazy .
if it comes in at $3.40 i’ll hold my dinar as long as it takes me to get to the bank, it could drop the next day
[dme119] it could go up in a year
[dme119] next ?
[GotAlottaDong] marie has family in iraq, 30th is their independence day, she feels 30th may be a good day to announce
[GotAlottaDong] also mentions the 5 year plan ending on the 30th
Randy heard it ends on 29th but its all good with him
[GotAlottaDong] Rich in Tx; been to iraq 2 times, proud people, S speaking back in march or april, 2nd question was when RV and 1st was removing zeros. S replied properly educate, erbil now has a forex office and literature out in that regard, is that what he was refering to?
[GotAlottaDong] what is the impact of iraq getting into the forex market?
[GotAlottaDong] Randy” they dont have to be in that market to RV but its useful
Randy, they didnt approve last years budget due to lack of gov, but this years budget was approved
[GotAlottaDong] Wayne” reading article about M stepping down from dawa party, refers to possible resignation of M
[GotAlottaDong] Randy, M is head of state of law party and not dawa
[GotAlottaDong] hopefully he is still their figurehead if not eho knows?
[GotAlottaDong] who
[GotAlottaDong] caller said a friend saw something on the screen TV in iraq claiming he saw something referencing a RV by ene of month on tv there
[GotAlottaDong] Randy said he beliewves it was misinterpretation
[dme119] heaven help us if it goes into July .. a lot of people are going to be upset
[dme119] R: there’s no drop dead date
[dme119] the people screaming at M saying “our currency isn’t worth anything” will pressure him
[dme119] when they revolt he will have to act
[dme119] M is in a corner and will stay there until he gets this money out
[dme119] caller says he’s been around money a long time and this is the biggest mess he’s ever seen
[dme119] R: says he’s a simple guy and needs facts
[dme119] just because someone tells him it’s going to rv tomorrow he doesn’t necessarily believe it
[dme119] he needs to see the articles and into come around to that
[dme119] he’s trying to give us all the ammunition to deal with all this
[dme119] caller keeps hearing things different than what randy is saying
[dme119] someone on another site sold $20mil dinar because he was fed up per caller
[dme119] R: even if it takes you another 5 yrs and you’ve been in it 5 yrs already, you can’t beat this
get out of the chat rooms, you don’t have to follow any of the rumors, check in once a day and live your life
[dme119] caller asks about the cbi times and talking about people checking it 24/7
[dme119] R: that number will be put in by hand
[dme119] Q: how do we keep hearing that the banks already know the rate and waiting for it to be released?
[dme119] R: you’re getting your plug pulled …. no one knows the rate
[dme119] there may be a flashing rate on there but it’s not really a rate … it could signify that there’s a new rate coming in
[dme119] banks don’t know the rate and won’t until shortly after we know
[dme119] don’t let the bank stuff fool you
[dme119] i think the banks have an idea of the given area but they don’t know the rate yet
[dme119] caller asking about the 100+ currencies supposed to rv … is that all depending on iraq?
[dme119] R: no … kuwait moved last week
[dme119] they’re positioning themselves for when iraq comes out .. they will not be lower than iraq
[dme119] if iraq comes out higher than kuwait, kuwait will probably just rv higher
[dme119] it’s alll about pride
[dme119] randy wants to see iraq 1 penny below kuwait
[dme119] Q: what about the rumor that the IQD will be pegged to the GBP?
[dme119] R: already covered this … pegged to USD and tied to a basket
[dme119] next ?
[dme119] Q: what role does the UST play in the events and the IMF?
[dme119] R: the UST is where you’re getting your money
[dme119] Q: in terms of the decision?
[dme119] R: IMF controls it but once they have signed off on it, S will put the rate in and it will be done
[dme119] Q: the other calls, gurus, most have laid this off on the US and Obama and say it’s out of iraq’s hands. I don’t understand which intelligence is right. What you’re saying counters what they’re saying.
[dme119] R: S said when the GOI is complete and the 3 zeroes are in, he’ll pull the trigger. Who is in control of that?
[dme119] The democrats thought they were in control but lost the votes in Novemeber. Things were supposed to happen in Nov/Dec in iraq.
[dme119] the US finally decided they can’t get any more taxes so said let’s get it done.
[dme119] but then the Kurds wanted more money.
[dme119] We sat on this for so long that it gave them time to stall
[dme119] the US is not real tough on foreign policy .. no one is afraid of us anymore
[dme119] Q: Iraq is the winner in this after the rv, but the US needs that tax money. It seems like Obama and our govt would be pushing on this every day.
[dme119] R: they are but they’re not being listened to
[dme119] it was supposed to go last week
[dme119] we don’t control it
[dme119] M has to sign his deal and that should happen within the next few days
[dme119] Q: Your calls are the most calming for me. You have your facts clear and in order. What are the tax consequences? Hearing up and down and that Obama is in control.
R: 15% cap gains, long term on all. IRS cannot have people standing there to collect your money, that’s illegal.
[dme119] Cash in a few bills, then cash in a few more as you need them while you get everything in place.
[dme119] Q: once the rv takes place, you’re going to talk to a tax atty?
[dme119] R: yes, i’m getting a certified opinion letter and a good tax atty
[dme119] everyone can use the same ruling
[dme119] next ?
[dme119] Q: if you had some dinar that haven’t been invested for over a year, would you wait to cash them in?
[dme119] R: contact your tax atty and CPA … they may tell you to hold some to diversify with other currencies
[dme119] Q: do you think iraq will remain stable
[dme119] R: yes
Randy doesn’t think the currency is coming down, it’ll be going up
[dme119] caller asking about hedge funds
[dme119] R: i’d have to really check into that … depends on the funds, the people running them, etc
[dme119] what is your first priority when this hits?
SECURE THE MONEY!!!! then you can start worrying about investments.
[dme119] Q: are you hearing that iraq will go into a regional basket in 2013?
[dme119] R: that’s the GCC
[dme119] all the members of the GCC will have to come up, it won’t go down
[dme119] caller asking about short term vs long term cap gains
[dme119] R: according to his IRS auditor, all currency is long term … they don’t track it
[dme119] if you exchange currency at the bank they don’t give you a receipt
[dme119] you might have a receipt if you purchased from a dealer
[dme119] most atty’s who don’t deal with currency don’t understand that
[dme119] find an attorney who does
[dme119] Saudia Arabia & Qatar are good ones to watch b/c they’re part of the GCC and they’ll have to come up
[dme119] The strong currency wins .. the GCC will have to bring them all up to be similar and then flip the currency
[dme119] next ?
[dme119] Q: have you seen on Currency Chatter it looks like one of the newspapers in Baghdad talking about the CBI is releasing lower demons from 100 on down.
[dme119] R: it’s big news, really big news
[dme119] that’s as close to an rv as you can get without actually saying it
[dme119] i can’t imagine them saying that and then it not happening within a week
it’s going to show, we’re getting there
[dme119] I want it to happen as much as the next guy
[dme119] we have to just breathe a little bit
[dme119] it is gonna happen
[dme119] it’s coming to a head
[dme119] next ?
[dme119] Q: Where can we cash in our dinar?
[dme119] R: when this rv’s, every bank will do it .. don’t worry about it
[dme119] Q: do you know what the rate will be?
[dme119] R: it’ll probably come in at a $3+ rate
Q: when is it supposed to happen? iraq was supposed to agree to something by April 12 and that was the deadline.
R: Randy recapping question … banks don’t know when it’s going to sign off, we don’t know either … MOF is stating that he’s paying people on July 1st…. CBI is putting out articles telling everyone that we’re going to rv
[dme119] start looking any time after Sat/Sun and into next week
[dme119] Q: is there anywhere that is accepting the IQD right now?
[dme119] R: no
[atjlfolk] Anyone who would like to listen to the GET TEAM Conference call @ 9 PM ET is welcome on my bridge 712-432-0900 pin 595564# skype callers freeconferencing.com pin 595564#
[dme119] but WF obviously knows something so you should go back to them
[dme119] next Q
[dme119] Q: your gut feeling is that it should rv by the 30th?
[dme119] R: with all the articles out there, yes … they want to pay salaries on July 1st
[dme119] this week doesn’t look good … Shabibi and Jeffereys are not in country this week but will be next week
[dme119] Q: will the banks have DeLaRue machines?
[dme119] R: some will, some won’t … they’ll have a book to verify with
[dme119] if they want to send off your money, don’t do that
go to bigger branches in bigger cities
[dme119] next ?
[dme119] Q: discussing the article about the lower denoms coming out … have you seen it?
[dme119] R: yes, that’s why we’re having this call … major news
[GotAlottaDong] [You must be registered and logged in to see this link.] ··· e-zeros/
[dme119] discussing Halliburton refusing oil for payment
caller talking about contracts for sure signed for 30 oil wells by sept 30
[dme119] the oil companies want money, not oil as payment
[dme119] next ?
Q: caller got on late
[dme119] are we within a few days?
[dme119] R: CBI putting out articles about restructing their stuff. Articles about putting out lower denoms (100 and down) is huge and they wouldn’t put that out a long time before.
[dme119] All roads point to sunday night on
Q: what about people saying they’re going to rv low and in small steps?
[dme119] R: they need to go to school for economics
[dme119] Caller asks if that’s a smoke screen
R: there are a lot of things out there, with all the articles coming out, look for sat .. maybe even friday night but that’s their holy day so there’s a parliamentary session sat or sun and i see it sometime after that
[dme119] Q: is there anything you see that could stand in the way?
R: yeah, they could have an internal implosion … it’s iraq … he didn’t see A’s guy hitting the other guy over the head with the walking stick … but looks like we’re there
[dme119] next ?
[dme119] Q: have you read the 3 page document signed by Obama
[dme119] R: about the dfi?
[dme119] Q: not sure, it was signed after EO 13303 expired… there’s something about June 30
R: the dfi? they’re going to extend that anyway because they don’t want to get sued
i don’t think they’ll extend it after 6 months to a year but they could not extend it too and let iraq suffer through it for their delaying
[dme119] Q: after the rv you’re going to have a big meeting in Texas .. is that for everyone?
[dme119] R: everyone can come … i just want to get people in front of attorneys
[dme119] if you’ve already found somebody, don’t worry about it
[dme119] go to randykoonce.com for randy’s email address
tell him you want to meet in Austin and he’ll send an email back that you’re on the list
guys, don’t worry about rv’ing tomorrow
[dme119] don’t worry about the bank rumors … they don’t know anything
[dme119] Randy thanking team for helping with the call
[Nonie] well done dme119! hug, thanks Randy!
[dme119] We can go and do what we want to do after the rv but it may make Obama look good so think about it!
[GotAlottaDong] thank you to randy, casper, dme119, nonie and shanny for all they do and we hope you enjoyed the info
[tay11] Thanks guys!!
[dme119] Thanks Randy, admins, Nonie for another great call!!!!