* kcw (Adam’s Official Chat): DV 1/18/12
[Adam Montana] like I just said, this week is amazing for news! Adam Montana] let me clear a few things up first [Adam Montana] 1. there’s some rumors going around that I’m supposed to appear on other sites and do some kind of round table discussion with a bunch of gurus out there [Adam Montana] it’s a baby rumor now, but before it blows up – the answer is NO I am not appearing on any other sites with any of the so called “gurus” [Adam Montana] I chat HERE on DV because I know the mods here don’t twist my words [Adam Montana] so if you want to find my chats, don’t read them on other sites 
[Adam Montana] next – the IMF did NOT release an RV rate [Adam Montana] I don’t know where these guys come up with that “intel” [Adam Montana] but it didn’t happen yet [Adam Montana] HOWEVER for the first time since 2009 – TWO THOUSAND NINE – the auction rates changed at the CBI
[Adam Montana] December 31 2008 the auction rate was 1180 [Adam Montana] Jan 1 2009 the rate was 1170… and it STAYED PUT until this week [Adam Montana] it moved NOT A TINY BIT for 3 whole years [Adam Montana] if that’s not proof that the CBI is in 100% control of their currency, nothing is [Adam Montana] (it is! It’s amazing proof!) [Adam Montana] now after THREE years the currency moves, and this means one of two things. [Adam Montana] A: The currency is going to KEEP moving, and it could happen at a VERY fast rate. If it’s going to move to a $1 mark, or even $1.13 like those articles are saying – it’s not going to happen 10 pips at a time. It’s going to go FAST. [Adam Montana] or [Adam Montana] B: It will stay at 1166 for 3 more years like it did last time [Adam Montana] (sorry to throw that out there, but as always…. this isn’t the pump ‘n’ smoke show, it’s a realistic view on the Iraqi Dinar [Adam Montana] now [Adam Montana] I think A is MUCH more likely… they have so much good stuff going on right now it’s insane [Adam Montana] the HCL draft has been AGREED UPON AND READ. Only once to my knowledge, but we could see this go into effect as early as tomorrow (Thursday Jan 19) [Adam Montana] Chapter 7 is not lifted, but Kuwait is backing off and there is STRONG evidence showing support in favor of lifting it completely [Adam Montana] now, as soon as EITHER of those items happens, we are on defcon 12, hang on to the edge of your seat, and keep your PHONE ON if you’re a VIP member! [Adam Montana] that’s the current situation. kcw, can you give me this weeks questions? . [kcw] simon8957 What is your take on the cbi rate change from 1170 which as you know has been that rate for years then today (Tuesday) it changes to 1166. Does this indicate that it’s free floating now??? cgbrown Is the move of rate of exchange from 1170 to 1166 (on the currency auction page) significant or just temporary? Ateam Adam, what is the deal with the CBI website? People are talking about the rate changing a little on the site. What does this mean right now? Currency float? idplzr Adam, There has been much buzz and discussion on the daily auction rate change from 1170 to 1166. What is your take on the auction change? . [Adam Montana] Thanks [Adam Montana] that is actually a few questions, but you readers can see they are all similar [Adam Montana] I already went over this, so I’ll summarize it now by saying this is AWESOME for us. I’m thrilled to see this movement, even though it may look like a small movement… I see a big step being taken here [Adam Montana] next please! . [kcw] vietnam1969 Hi Adam Is there any possibility that our investment in this venture could go south? Please be honest and blunt. Thank you. skitealwedrop Hi Adam, Would you please reiterate that investing in IQD is currency speculation and should treated as such? Thanks in advance. Ski RVCardinal Hello Adam. I do try to stay positive and hope for Iraq to RV their currency at 10 cents or higher. I feel it is important to weigh all possibilites. This is the reason for my question. If there is a bunny-ear do you think we will have trouble getting rid of the dinar we have? . [Adam Montana] That was also 3 separate questions, but they are all similar [Adam Montana] I’m here to answer honestly, not play the “Smoke n Pump” game [Adam Montana] yes, this could go south. Yes, this is a speculative investment and should be treated as such. NO, do not spend your rent money on Dinar! [Adam Montana] And finally, in my opinion [Adam Montana] in the worst case scenario we see a l0p of the currency, we break even, and in that case I don’t believe we will have a problem recouping our investment [Adam Montana] nobody likes to hear those things [Adam Montana] but you asked, and I answered. [Adam Montana] 
[Adam Montana] next please! . [kcw] Ateam What is your opinion on the three cycle process that will end toward the end of 2013? The article stated something that sounded like we will break even on our return. What is your thoughts on this? . [Adam Montana] That’s a great question [Adam Montana] I have a two part answer [Adam Montana] first, we’ve seen it so many times there must be some validity to it [Adam Montana] second, if they are planning on RVing tomorrow they will never publish THAT information [Adam Montana] they will publish the opposite [Adam Montana] 2013 is pretty “opposite” of “tomorrow” [Adam Montana] so my thought process tells me that I can’t put too much stock in any one single article. Rather, I have to look at the big picture and the FACTS [Adam Montana] I went over those in the beginning of this chat, and I think those FACTS disagree with a 2013 end game [Adam Montana] 
[Adam Montana] next please! . [kcw] Greedisgood You have mentioned before that you believe the IQD will be somehow tied to the USD ? Why would (they do this rather than stay away from the USD?) . [Adam Montana] another good question! [Adam Montana] from what I know and have heard from people both at banks in Iraq, government positions, and more – they are completely prepared to release new denominations [Adam Montana] however…. they can’t possibly have those new denominations waiting at all the banks in Iraq ahead of time [Adam Montana] it would be a huge tip off when the word got out, and cause a major run on dinar, which would cripple the CBIs ability to manage the rate after the RV is announced [Adam Montana] basically, it could ruin everything [Adam Montana] there are a lot of reasons to tie the value to the USD, but this one is one of the biggest [Adam Montana] if they RV at exactly 1:1, they can use USD to make change while the lower IQD denoms are being brought out [Adam Montana] this allows the CBI to avoid that rush to buy IQD before the RV is announced [Adam Montana] and basically gives them more control over the situation [Adam Montana] obviously they would want to get the USD back OUT of circulation as quick as possible [Adam Montana] but it makes sense to use the USD as a TOOL to help logistically [Adam Montana] hope that helps [Adam Montana] next please! . [kcw] 1risktaker Greetings Adam: question: Should the Islamic (Lunar Calendar) that is used in the Middle East have any effect on the Calendar we use (Gregorian/Julian). There is a 6 day difference in their days compared to ours. Example; When we had our New Year’s Day on the 1st, it was already the 6th of January according to their calendar. So when we talk about Parliament meeting returning on the 17th our Tues..it was already the 22nd their time on the same Tues. Do they use the Islamic Calendar in thier schedule of events.? Have we scheduled all of the events to our calendar? . [Adam Montana] hmm…. [Adam Montana] interesting view [Adam Montana] Iraq doesn’t have a time machine. so “today” is still “today” over there. [Adam Montana] however, there is one thing that bothers me [Adam Montana] about Iraq’s calendar [Adam Montana] it seems they have a version of Groundhog Day [Adam Montana] the only difference is they have it once a week instead of once a year [Adam Montana] I think it’s called “Just Kidding about the RV Day” [Adam Montana] next please . [kcw] J.F. This is a week of high possibility WHY? . [Adam Montana] everything is piling up this week [Adam Montana] with two more readings of the HCL it can be published [Adam Montana] they are voting on (hopefully) a whole stack of bills tomorrow [Adam Montana] Kuwait is backing off [Adam Montana] the UN is stepping up [Adam Montana] on and on and on [Adam Montana] this much news hasn’t occured in months! [Adam Montana] of course – it could all be delayed as usual [Adam Montana] and honestly, it probably will [Adam Montana] but I’ll happily admit I was wrong on that last note [Adam Montana] next please! . [kcw] simon8957 Over the corse of the last week or so there have been numerous monetary articles, including the supposed passing of the erbil what is your take and is this all just “smoke and mirrors”? . [Adam Montana] I don’t see any smoke and mirrors right now, I see good solid progress [Adam Montana] 
[Adam Montana] next please! . [kcw] TVdinar Have there been any more readings of the HCL? If not, I am sure the DinarVet nation would be happy to kick in enough $$$$ to send you to Iraq to read it for them!!!
The * kcw (Adam’s Official Chat): DV 1/18/12 by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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