IQD Calls Chat Sunday Evening 9-1-19 Part 1 of 2
IQD Calls Chat Sunday Evening 9-1-19 Part 1 of 2
Dave ask google?
Baxter I will
Dave answers All my questions.......
Zig Dave : Ask it if we will profit from this???
Dave CBI has nEVER stated date or rate...so cant comment?
Dave Google not GURU....
Dave Zig CBI has stated when the situation is right......
Dave Delete 3 Zeros, Restore the purchasing power...now the talk of coins is really all we have to run on.........?
Dave oh and the going global part.....
Dave coins at the nominal rate.........?
Dave ...and no free float.......heard that numerous times
Dave outside of that what more do we have to run on.....?
Zig "Vizo" "Hi SKELFLA...what would you consider a "nominal" return as mentioned above?"
SKELFLA Zig yes zig
SKELFLA Vizo something along the lines of a gradual increase no greater than a few basis points per annum at best... There may be the odd surge every few years but nothing earth shaking.
Dave Zig Wheel barrows and the price of a coke come to mind?
Vizo Would this return be able to be realised by the average investor...meaning someone like myself with no financial institution connections...I am not very familiar with basis points...could you help me understand what that would mean on 1M dinar so that I can multiply that by the amount I possess...thank you.
Dave Vizo lol
Dave SKELFLA Will we ever see coinage?
SKELFLA Vizo Basis points are less than a percent. For example half a percent is 50basis points. Yes the average speculator would benefit from such an increase but nothing too substantial.
But a derivative that has been engineered to leverage even a 5 basis point increase could make hundreds or millions if not billions in gains...
A derivative can be leveraged and packaged in such a way a it is geared to make huge returns on even the slightest fluctuation irrespective if the currency is internationally accepted or not. Tie the derivative into a trading reserve for something like the belt & road initiative and the potential returns grow exponentially....
Dave Sounds like KAP?
1 Sep 19, 01:42 PM SKELFLA Dave no Kap doesn't see the big picture....
Dave Coins in the picture? SKELFLA
SKELFLA Despite Markz *** *** *** he is onto one thing there is a major shift in the global monetary season coming and probably sooner than most people think....
Its my opinion that some institutions are going to use some form of a dinar derivative to offset these changes ... What form that takes and the exact mechanics behind how that develops I do not know....
All I do know is these institutions are not in the habit of losing money and their returns are effectively guaranteed.
Vizo Thank you SKELFLA...I guess its above me...just trying to figure out, based on what you are writing what it potentially means to the average person currently holding dinar...best scenario...as you see it..
Dave SKELFLA Coinage in the picture?
SKELFLA Dave Possibly.... I don't know. I suspect they could be as coins are an important part of Arab heritage the prophet himself had his own coins... So I could see a coin coming into play.
JoeSchmoe this dude sounds more like sandyf than anyone else
Dave SKELFLA Oh your on the premise no coins
SKELFLA Vizo I'm hesitant to state a best case for the average investor... It will draw to much flak from the numerous clowns that visit this board.
Vizo Okay SKEFLA..
Dave JoeSchmoe No sense in going any further......
JoeSchmoe Dave am I right
JoeSchmoe just here to try and create doubt
JoeSchmoe when, in fact, it creates more positivity for me
SKELFLA Vizo You see Dave's last comments ? Perfect case in point.
Zig Vizo : I consider all scenarios....that is why nobody who comes in here ever upsets me.....to me this is no sure thing.....speculative.....so I will hold on and wait......
JoeSchmoe This guy has responded to questions the EXACT way SandyF responds to them
Vizo Thank you...SKEFLA...sorry the rest of us can't have this conversation...
JoeSchmoe Vizo just don't make any decisions on what to do with your dinar based on what this guy tells you
Vizo Thank you Zig... Thank you JoeSchmoe...
SKELFLA Vizo There is one left field option for the average investor .... Its a long shot but something to consider ...remember its a long shot but the recent comments by the outgoing Governor of the BOE made some recent statements that lessened the odds a little bit.
The BEST case scenario would be for the IQD to become fully exchangeable for the EDINAR... Then the average investor could potentially see some significant returns...
SKELFLA Vizo no problem all is good. And contrary to what these clowns are saying I'm not advising you to buy or sell dinar. I'm just telling you what I know which is a heck of a lot more than the majority of people on this board... As I've stated before I'm neutral on the long term prospects of the Dinar.
But I am confident of one thing and that is there will not be no overnight RV. Anyone who believes that is just naive ( being polite) or a scammer guru.
Doug_W SKELFLA there are many of them out there 4 sure
Vizo Thank you SKELFLA...not looking for alot... understanding this is speculative...
SKELFLA Vizo very much so... Life is one big speculation. Its people like you who I hope do very well.... Most of the scamming gurus don't even hold currency. Read the court transcript during TNT Tony's sentencing he admitted under oath he held NO FOREIGN CURRENCIES!!!
Vizo Hi Young_SC....just for bringing his point of view forward...I appreciate SKELFLA's point of view...thank you...
SKELFLA Vizo You're welcome... And I appreciate your courtesy when questioning me. I hope you do well!
Zig Courtesy....have not seen much of it in this room of late.....
SKELFLA Zig Lol very true!
Young_SC Vizo PMVizoWould this return be able to be realised by the average investor...meaning someone like myself with no financial institution connections...I am not very familiar with basis points...could you help me understand what that would mean on 1M dinar so that I can multiply that by the amount I possess...thank you.
Vizo Thank you for your patience...SKEFLA...
SKELFLA Vizo Out of interest what denomination bills do you hold and what year? I don't need to know how much..just the year and denomination
Dave SKELFLA i got a boat load of 50s
Vizo SKELFLA...mine are all 25K...I will look for the year...I have to dig them out...be right back...thanks...
Dave SKELFLA Will sell them cheap to your investors
Dave no premium added lol
Truthseeker99 Vizo year doesn't matter
SKELFLA Vizo I ask because the institutional transactions are very particular about the denomination and print run (year) specifically pre a certain year. May not mean anything but nonetheless its an interesting prerequisite.
Xbruster69 https://www.banknotenews.com/files/tag-iraq.php check here on note valitity..
Vizo SKELFLA...thanks..have them out in front of me...sorry...I guess I'm missing where the date is...
Truthseeker99 Vizo date is in ARABIC!!!!!!!
SKELFLA I can read Arabic try to take a picture of one of your notes... Arabic numerals are very similar to English numerals ...
SKELFLA Vizo .. Don't worry too much 25k notes are a good start.
Vizo Hi SKELFLA...but...I bought the majority of my currency in 2012 if that helps..
SKELFLA Vizo Not really there is a certain printing period that for some reason is a prerequisite...
Vizo Okay SKELFLA...I took a picture of one note front and back how do I upload it for you to see?
SKELFLA Vizo good question... I don't want to give out my email address for these clowns... Let me open a new email address and I will give you that later .... Next time you're on let me know.
SKELFLA I enjoy answering polite questions by people who have the courtesy of being respectful...
larrykn GA all are we talking about our lovely gurus again lol
new Dave..........agreed. There are other areas to pay attention to as well
larrykn I found its better to go find your own news and make your own mind up as to what is going on, I don't listen to any of them , good or bad
Dave larrykn WORDS direct from CBI?
larrykn well that is one place I read :)
SKELFLA larrykn makes sense. Seems a logical starting point.
Dave then cvomes the spin
larrykn I've learned a long time ago that is the only way to keep your sanity
Deano @SKELFLA I'm calling you out
Deano No response???
SKELFLA Deano Go ahead...I'm waiting
Deano I've sit back long enough reading what you have to say. Bashing other people while you're flapping your gums. I've seen a few people asking you to back up who you are and what you spew out. And you've done nothing but send Baxter a resume.
SKELFLA Deano Not correct, I've offered to provide more on numerous occasions. But to people I can pallet ...
EricB SKELFLA If you come across additional information regarding the derivatives or the convertibility of IQD to edinar please share. Thank you.
SKELFLA EricB The derivative play will be a closed shop event only accessible to those institutions who have been behind there structuring and implementation.
The theory regarding covering fiat dinar into EDINAR was just a theory I gave when a poster requested a "best case scenario" although as I stated preciously it became less far fetched after the outgoing Governor of the BOE made those comments recently.
Deano Provided by email with the promise they don't give that info out.
EricB SKELFLA Understood, thanks again.
SKELFLA Deano I'm neither interested nor do I care about what you think. You are just your typical delusional dinarian who has little if any knowledge on how things work on a macro level ... I suspect you have little understanding of even a foot in reality. You will be ignored from now on.
mod Deano Refrain from bashing and name calling, Respect gets Respect.
SKELFLA *their structuring
EricB SKELFLA Do you think US banks would be one of those institutions involved in the derivatives?
Deano Running away just like you said Jeff was doing. You can suspect all you want. You can assume all you want. But I accomplished what I set out to do. So how about you just disappear or start your own chat room so you can have whoever else wants to be just like you.
SKELFLA EricB No problem and in the unlikely event I get more info I will post. But my understanding is these trades are earmarked for completion before the end of the 1st Qtr of 2020 at which time I'm very confident they will have been made public ..
And thus there will be no disputing them or the reasoning behind them... The only thing I think that will be up for debate will be how much of a profit the active participants made... But they will be substantial.
Deano @Mod, I can't and won't respect anyone who won't and doesn't have respect for others in this chat room. But I will keep the name calling on the down low. At least I'll respect the rules.
EricB SKELFLA Interesting stuff
SKELFLA EricB I do think they are ... Maybe not banks in the traditional sense of the word but financial institutions nonetheless. So far I can only confirm the geographic location of the ones I am aware of, in that I have first hand knowledge of and they are located in the Far East, Europe and as I preciously stated ( At least I think I did) I know of a single Israeli institution that is involved.
EricB SKELFLA JPMorgan Chase would seem like a potential player, they have their hands in everything it seems.
SKELFLA EricB Saying that I am aware of one American trade which wasn't a bank but very much a major US Institution. Whether that successful transaction was for the same reason as the ongoing transactions involving the other institutions and I can not answer that. All I know is it happened as I had an associate present during the negotiations.
SKELFLA EricB Yes, but they are a bank. The one US institution I am aware of is not a bank. But if other US banks and or institutions were to be involved I would say JP Morgan would be a good bet!
Sparky SKELFLA ...hedge fund ?
EricB SKELFLA Thanks, I'm out. Gotta do some hurricane stuff.
SKELFLA Sparky No. In sorry I new this would open me up for abuse... I won't add more than I already have... Other than it was not a hedge fund. And it was a direct negotiation between two counter parties.
SKELFLA One in the US the other obviously in Iraq.... I'm out.
Sparky SKELFLA ... Israeli outfit partaking is certainly interesting...
Zig SKELFLA : You lost me somewhere along the way....lol....what is the main purpose behind all these so-called trades that you keep mentioning??
Sparky ...as Iraq and Iran are Shiite brothers...
SKELFLA Sparky Yes, but the Israelis did not pay as much a premium as the other institutions and it was for a lesser amount. Large but no where as significant as the other institutions.
SKELFLA Sparky 100% yes. To the Shiite question.
SKELFLA Zig Come on ZIG I think I've been pretty clear ...I have theories most of which I have covered here at one time or the other.
Sparky SKELFLA ...silk road initiative derivative theory also intrigues me...
SKELFLA Sparky You would be surprised how close KSA and Qatar are with the Israelis..
SKELFLA Sparky It intrigues me too! Lol
Deano How close ???
SKELFLA "A poor mans reserve currency" for a specific economic group !
SKELFLA Sparky I have to admit when all of this finally comes out in the wash in the not too distant future and if one of my theories turns out to be correct ... I'm going to enjoy rubbing it in the noses of a few individuals here! Lol
Deano So I'm going to assume this SKELFLA individual is a woman???
Sparky SKELFLA ... just not sure how , or why we would be shut out on the play...small potatoes, probably don't even care one way or another...imo
Sparky SKELFLA ... I don't really understand derivatives...