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BSOSCBlog.com • View topic - Current Iraq Dinar Devaluation & Anticipated Revaluation(RV)

Current Iraq Dinar Devaluation & Anticipated Revaluation(RV)

Current Iraq Dinar Devaluation & Anticipated Revaluation(RV)

Postby jpf1030 » Sun Jan 11, 2015 4:00 am

Howdy Ya'll,

With a schedule conflict, I was late for our BSOSC meeting today. Upon arriving I heard the tail end of a foreign currency discussion relating to the Iraq Dinar. Many think the GCR (Global Currency Reset) is a scam or at best, a pipe dream about most all of the currencies of the world revaluing.

At first I was a skeptic, but after a few years of daily study of global economic/political landscapes it is apparent there is some valid reasoning behind the "pipe dream" that so many people are investing a few of their sparse dollars into. At least the risk is small while giving great hope for a monumental return on investment. There is not a lot more opportunities that give all us commoners barely scrapping buy any substantial hope for economic relief.

The below info from http://www.dinarrecaps.com may be helpful in understanding the "why" of the reasoning for the anticipated revaluation (RV) of the Iraq Dinar. To better understand the revaluation hypothesis one must understand the prior devaluation. Though very short, the below explanation does a fair job of explaining the devaluation. When the US invaded Iraq with the Dinar valued at $3+, the invasion was not with only guns and bombs.

As with all wars it more involved currency destruction and other economic infrastructure destruction than it even did to the people and their property. The long awaited RV will happen as nothing can evade the law of consequences in the many laws of the universe. The long-suffering populous of Iraq will have their day of reckoning in breaking strangling economic bondage forced upon them by the international bankster cartel, as will other egregiously oppressed people.

It may be a few weeks, months or years, but the days of control of the international bankster cartel are numbered. Many awakened forecasters feel 2015 is going to be the year of massive economic chaos. Whatever means people engage for some degree of financial protection, be it precious metals, US nickels or pre-1981 pennies (something for everyone's budget, time for procrastination in taking protective action is rapidly waning. The foreign currencies like the Iraq Dinar, Viet Nam Dong, Indonesian Rupiah and even the wildly speculative Zimbabwe Dollar are just another diversification source for protecting hard earned savings.

Of course, all these diversities of financial protection investment should be after one has their basic storage (barter) supplies in place. As it now looks for what is coming in 2015, the US Dollar could be a very risky vehicle in which one could hold their investment (survival) funds. With all this said, now you can see the scoop below on the Dinar. Whatever you can do to protect yourself financially, please don't procrastinate...Get Prepared!!!

Happy Preparedness Trails,
jjpf
**********************************************************************************************************
IRAQI DINAR FACTS

I CAN SEE MANY HAVE REACHED A POINT OF HIGH FRUSTRATION AND CONCERN ABOUT THE REALITY OF THE IRAQI DINAR TO INCREASE IN VALUE.

BY REQUEST FROM A FEW MEMBERS WE WILL LOOK AT THE HISTORY OF THE DINAR AND WHY IT WILL BE INCREASED IN VALUE.

THERE HAVE BEEN A BUNCH OF HIGHS AND LOWS IN THIS VENTURE SO LET'S LOOK AT SOME FACTS ON THE HISTORY OF THE DINAR.
~~~
FACT - IN 1932 THE IRAQI DINAR WAS PEGGED TO THE BP AT $4.86 USD PER DINAR AND HELD THERE UNTIL 1949.

DUE TO CONFLICT AFTER CONFLICT IN IRAQ AND THE MIDDLE EAST WHICH INTERUPTED THE IRAQI ECONOMY AND THEIR ABILITY TO MOVE OIL AND TRADE THE DINAR FELL TO A RATE OF $2.80 USD PER DINAR AND HELD THERE UNTIL 1971.

FACT - IN 1971 THERE WAS A MAJOR REALIGNMENT OF WORLD CURRENCIES WHICH CAUSED A DEVALUATION OF THE USD WHICH BOOSTED THE IQD UP TO $3.39 USD PER DINAR. AROUND 1982 THE DINAR DROPPED ABOUT 5% AND LEVELED OUT AT $3.22 USD PER DINAR.

IT SHOULD BE POINTED OUT THAT SOME COUNTRIES DID NOT RECOGNIZE THIS RATE AND ACTUALLY BARTERED RATE BY TRADE WITH IRAQ AS THE IRAQI CURRENCY WAS NOT AND IS NOT INTERNATIONALLY TRADED.

TO SAVE A LITTLE TIME LET'S JUMP AHEAD TO THE FIRST U.S. - IRAQI WAR OVER KUWAIT. AT THIS TIME THE INSTABILITY OF IRAQ AND DUE TO THE SANCTIONS IMPOSED AFTER THIS WAR THE IQD BECAME UNSTABLE.

SADDAM HUSSEIN HOWEVER DECLARED THE RATE TO BE $3.22. THEN CAME 9-11 AND A SHORT TIME AFTER THE START OF THE 2ND WAR AGAINST IRAQ. THIS BEING THE WAR THAT WOULD LEAVE IRAQ TOTALLY DISMANTLED AND IN FINANCIAL DISMAY.

ONCE ORDER HAD BEEN SOMEWHAT RESTORED IRAQ WAS ALLOWED TO PRINT NEW CURRENCY WHICH IS THE CURRENCY WE NOW HOLD WORTH AROUND 1/10 OF A CENT USD PER DINAR.

THE STARTING RATE WAS ACTUALLY 1800 TO 2000 DINAR PER USD AND LEVELED OUT AT 1164 TO 1166 WHICH IS THE PRESENT RATE.

THERE ARE SEVERAL COUNTRIES INVOLVED IN ASSURING IRAQ'S SUCCESSFUL SURGE BACK ON THE WORLD STAGE.

THERE ARE MANY AGREEMENTS AND OBLIGATIONS IRAQ MUST FULFILL ONE OF WHICH IS TO ENTER THE WORLD MARKET WITH A TRADEABLE CURRENCY COMPATIBLE TO THE SURROUNDING AREAS AND OR EQUAL TO OR GREATER THAN THE USD.

THE BIGGER PICTURE HERE IS LOOKING AT WHERE IRAQ WILL FALL IN WHAT APPEARS TO BE ANOTHER COMING MAJOR REALIGNMENT OF WORLD CURRENCIES WHICH IS ANOTHER FACTOR THAT AFFECTS IRAQ'S CURRENCY AND THE VALUE THAT WILL BE PLACED ON IT.

AS DAN AND GARY HAVE SAID MANY TIMES NO ONE KNOWS THE RATE OR THE DATE OR EVEN WHAT WILL BE THE REAL FACT THAT WILL TRIGGER THE RV OF THE IRAQI DINAR

BUT LOOKING AT THE VALUE HISTORY OF THE DINAR I AM 200% SURE THE IRAQI DINAR WILL RV OR RI AT A RATE COMPARABLE TO IT'S HISTORY OF $2.80 TO $4.86 WITH THE WORST CASE SCENARIO BEING 1 TO 1. JMHO.
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jpf1030
 
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