Zig’s Place Chat Room Wednesday 8-12-20
Zig’s Place Chat Room Wednesday 8-12-20
Zig Dinar Recaps...We appreciate the exposure as this room is less than a week old https://dinarrecaps.com/our-blog
Xyz 8-12-2020 Intel Guru BobTheTaxMan ...it's been a real interesting progress in this game that we're playing...the thing that I like too is that 'no news' in this world is kind of good news. That's how I see it...they [Iraq] are making huge strides forward. They are doing everything they can to get this thing [RV/Rate change] done. They have to have it.
They don't have a choice. On our end to be prepared for it is what makes it obviously more real. But, hey, it IS real. It absolutely is real. The times coming. It's very very shortly...everything that needs to be done is freaking being done.
It is actually being done...a lot of people have prepared themselves, are still preparing themselves to take full advantage of this opportunity...as old as I am...this is a once in a lifetime opportunity...you're just not gonna see this [type of thing] come around very very often. You're just not gonna see it...I'm happy.
Xyz The “Currency Auction” ... Money laundering and a major corruption gateway in Iraq
The currency auction that is taking place in the Central Bank of Iraq is one of the most corrupt files in Iraq, because it causes the waste of hard currency money obtained as a result of selling oil on fake projects and importing materials that do not exist on the ground.
This comes at a time when the Iraqi economy is suffering great paralysis due to the low price of crude oil, and the resort to borrowing from international banks.
With economists describing the currency auction as a "dollar depletion front and an opportunity for some banks owned by influential parties to achieve large profits," most estimates talk about more than 500 billion dinars sold by the Central Bank in its continuous daily operations since 2003.
In this context, the Central Bank of Iraq sells dollars to private banks and money transfer companies, some of which belong to influential personalities and militias loyal to Iran.
This negatively affected the bank’s reserves, which decreased significantly in recent times as a result of the imbalance between the hard currency the bank gets and the auction sale.
The basic idea of the currency auction revolves around "selling dollars to private banks and money transfer companies to manage the import of goods." Its daily sales of dollars reach 180 million dollars. However, several suspicions affect influential political figures standing behind those banks to manage corruption operations.
For his part, Representative of the Financial Committee in Parliament, Ahmed Hama Rashid, says that "the majority of the committee members agree that there are great suspicions of corruption regarding the currency auction," indicating that what prevents action in this regard is that "the monetary authority is independent and has no authority over it."
And he continues, "The prime minister's pledges to control ports, dismantle the authority of som
xyz And he continues, "The prime minister's pledges to control ports, dismantle the authority of some financial factions, activate industry and fight corruption, are directly related to the issue of currency auction," noting that "it has become a public opinion issue and one of the factors that shatter the economy."
He points out that "there is a blackout on this issue, and the Central Bank's response to questions about the currency auction does not go beyond the data limits, and the legislative authority is incompetent in this area."
He concludes that "there are no tools available to solve the auction problem except through the cooperation of the Central Bank, and Parliament or the Council of Ministers cannot solve it due to the independence of the monetary authority." LINK
xyz The Ministry of Finance approves the opening of a government bank inside the Arar border crossing https://economy-news.net/content.php?id=21400
A high-ranking source in the Anbar local government announced, on Tuesday, the approval of the Finance Ministry to open a government bank inside the Arar border crossing with Saudi Arabia, west of Anbar.
"The Ministry of Finance agreed to open a government bank inside the building of the Arar border crossing with Saudi Arabia, west of Anbar, as part of the measures taken to reopen the port during the next few days," the source said in a press interview.
The source, who preferred not to be named, added, "The local government in Anbar, in cooperation with the security forces, provided all requirements for security protection measures for the building, indicating that" the opening of the bank coincided with the arrival of a committee from the Border Ports Authority to ensure that the port was ready and all procedures were completed. Remaining "
xyz Al-Fateh: Extraordinary sessions begin next week to pass the election laws and the Federal Court https://www.almaalomah.com/2020/08/12/489644/
The Al-Fateh Alliance announced, on Wednesday, the indications for holding special sessions that will start next week to pass the electoral laws and the Federal Court after completing the agreements between the Presidency and the heads of the blocs to hold them.
"All technical and logistical matters are prepared to hold parliament sessions and pass important laws, especially those required by the commission to hold early elections," Al-Fateh, Fadel Al-Fatlawi, a deputy.
He added, "The Presidency has confirmed its readiness to launch the special sessions after submitting a new application signed by 83 deputies to resume the sessions," stressing that "the meetings will bring together the presidency of parliament and the heads of the blocs to agree on a mechanism for holding the sessions, which it is hoped will start next week."
He explained, "The special sessions will continue until the election law and the Federal Court law are passed, in addition to some important decisions that require discussion with the government about holding elections."
Timrocke Ya'll Trump for whatever reason is supposed to be out of country when the RV/ AND OR /NESARA is announced. Pull up Dr . Charlie Ward, Pull upDr Charlie Ward on YouTube watch his video's, he explains everything VERY well
Zig Timrocke : :Welcome: Do you ever listen to that Abe on PTR calls??....if so, do you believe what he says??
Timrocke No I haven't, I've been on here for a long time and bull * is King . Charlie has very good connections
Zig Timrocke : Not on "here" for a long time as this chat is only a week old....
Timrocke I will check out Abe and give my opinion
Timrocke Right I caught this first night, been with Dinar Recaps long time and others .So far I dig this site.
Zig Abe has stated that he has "sources" and knows for a fact that there will be a GCR and that the Dinar RV is a major part of it.....You may put links to Charlie Ward's youtube videos in here if you wish.....
Timrocke That's pretty much same info I've been getting from several sources and yeah I believe it will happen, Trump has got it covered. Wait until he's able to tell us ,it will blow everyone's mind . And JFKJr
Timrocke Thanks I might if I can FIGURE out how, I'm usually silent.
Zig When you click on any youtube video you will see its address in your address area bar....just copy it and paste it into your post here.....
Timrocke RIGHT ON will do , hos stuff is also on Dinarrecaps alot , good site
Butterfly People/dinar investors seem to have very short memories. All of what is being said/posted/etc was the same stuff when GWB was in office. Hang in there GWB is going to be responsible for the RV/RI of the dinar. Now we are hearing, nope not GWB, now it is DJT that is going to make the dinar RV/RI.
butterfly I feel like I have gone back in time but with another C-N-C in control.
Zig Timrocke : You also could invite him to come chat....just comment in the section under his video if it is allowed/open and put our link in it.....invite him and his followers....everyone is welcome here....
Timrocke https://www.youtube.com/watch?feature=youtu.be&v=fmWQEZHHrfw&app=desktop&persist_app=1 Here is a good video with Charlie Ward and Charlie FREAK, good good info
Timrocke https://www.youtube.com/user/drcharlieward/featured. HERE IS CHARLIE WARDS HOME ON YOUTUBE, CHECK IT OUT. THANKS ZIG
Timrocke I will see if I can get lt done, TRUMP has got it all , he's got the gold
Zig Tebow : Do you believe in that Global Currency Reset (GCR) thing?
Tebow Zig no
Sheila Is anyone else heard that US govt is holding 30B USD in dinar (roughly 40T dinars)? And that 40T dinar will be used for asset backing of USD?
Zig sheila : Lots of rumors out there all of the time in this community....where did you hear that one?
butterfly sheila That is a rumor that has been going on for years since 2001.
butterfly The story back then is that is why GWB went into Iraq. Now the story is, that DJT is going to take the oil and we all will become millionairs/billionaires.
butterfly DJT has control of the RV/RI......lordy I have been in this investment way too long....lol
Timrocke TRUMP HAS THE TRUMP CARD!
Tebow butterfly current dinars did not come out till 2003
butterfly I still go by what that dinar dealer told me years ago, NO ONE will know, stop listening to the "stuff" that is being said.
butterfly I will wait like the rest of us.
butterfly It will surprise all of us when it does happen.
Timrocke I agree with that but Trump is doing a lot behind the scenes and our ass is covered
Sheila read it on dinar blogspot a while back mixed in with all their postings
butterfly Each to their own opinion. I have read all of it throughout the years and way back when I said it ain't gonna happen when they said it was, who is right. I use to post a ton of articles with information, even from the government over there, and here we still sit, waiting for it to happen.
Timrocke EXACTLY
butterfly I am only in this chat because Zig begged me to come in. As I have read this chat room, nothing has changed, still the same old same old.
butterfly I talked with my friend the other night and ask if he had any new updates. NOPE, same old sh!t, just a different day.
Sheila economic history reveals currency revaluations and devaluations happen. and they mostly happen big time good and bad.
Kaperoni 12 Aug 20, 10:40 AM Clydesdale - I don't care what any of you think. I just know I have spent 13-14 years researching this dinar thing and have seen thousands buy into the guru hype, get excited only to find out that what they were being told will never happen. The facts are the facts, there can never be a significant overnight RV of the dinar as long as 42 trillion exists outside the CBI for several reason...
1 being obvious that NO country could ever supports such a nonsensical number, 2 being that it exceed more than 3 time the entire mineral worth of Iraq including all oil in the ground. To think they RV because they are poor or need money to some amount near the dollar or more is shear ridiculous.
And even if there was a fairy that did that no one would accept the arbitrary rate. It simply not how exchange rates are determined. If the dinar is going to be worth near the dollar, Iraq will either vote via parliament (and they want to) to remove the zeros and redenominate (LOP) so they reduce the money supply from about 42 trillion to 42 billion which is well within reason to now manage making your investment a either neutral or a slight loss (in essence a waste of your time).
In fact, one economist in Iraq suggested just a few weeks ago that they devalue the dinar to about 1800 to $1 to save on the economic and Corona losses and then redenominate (LOP) making the dinar worth 1/2 of the dollar or about .50 cents. in the case of such an event, your dinar would be worth around half of what you paid for it!
Kaperoni Or... they are going to do what everyone (IMF, WB etc. has directed them to do for years and create a market economy. Doing so would invite private international investors into Iraq and diversify the countries resources.
Such an event could or would create an opportunity for Iraq to get off the peg/dollar and move to a more flexible exchange rate regime (float) giving the CBI a tool to relieve pressure on the financial system as a result of the significant influx of capital as a result of the successful growth in the economy. This option is out best option to see an increase in value as the currency could be reduced gradually as it appreciates. No other options really exist.
The guru’s refuse to really speak the truth on this because neither one sells dinar. I have seem thousands buy into the scam (and it happens every few years) thinking they would get wealthy to only realize they have been swindled and lied to. Some leave, some don’t. I don’t really care. Either be prepared to making near nothing or wait years for Iraq to pull there head out of there ass and create the conditions for economic prosperity . There are no shortcuts.
Zig Kaperoni : What do you think about that GCR thing?....a Global Currency Reset where currencies become asset backed....including the Dinar....PTR discusses that every week as if it is very close....
Kaperoni Zig, you know what I think. That all nonsense. Most significant currencies already float around the world meaning they are already priced where they should be based on supply and demand. All that crap from the guru's is just that..crap.
Xyz 8-12-2020 Intel Guru Footforward [reference Guru Kaperoni's post 8-12-2020] ...This absolutely will not happen in my opinion. ...Doing a LOP doesn't help Iraq at all. Not one bit. They need to add value to their currency. They already have lower denominations printed and ready to go. You also don't change your exchange rate be doing a LOP or redenomimation. You actually have to add value to the currency. A LOP doesn't do this. At all. It just makes your notes a smaller denomination. This would not make it equal in value to the USD.
xyz 8-12-2020 Intel Guru Frank26 Trump right now is working with Saudi Arabia and Kuwait concerning the monetary reform of the Iraqi dinar. It's getting done.
Sheila @ Scrappy - you out there?
Zig sheila : Scrappy and "John Frank has stated" are the same person.....
Sheila okay
Kaperoni The first thing a lot does that benefits Iraq is it reduces the money supply from trillions to billions. Which is a must. The second thing it does is by deleting the zeros it puts the currency on par with other currencies. And lastly once this is done the dinar could go up in value, but it would not significantly increase its value X1000 like most are wishing for. It would increase minimally. Not what we want to see if they chose this path. So yes, a LOP does benefit Iraq.
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