Dinar Observer Daily

Francis Albert – Dinar Guru   Good point KAP, so all I can retort to this is, well two things:  Firstly: How much content and details of news articles can we believe regardless of Country? Secondly: This would be the first time a Central Bank has lied? and if it served their purposes thinking it would help get the people to do something, they would say it to their news sources…we’ll see…   [post 1 of 2]

Francis Albert – Dinar Guru   “Breitlng” posted an opinion that has gained some coverage in the Dinar World that I want to comment on. “He” states that taxes will be taken out right there at the time of exchange. That simply is not possible. Everyone’s tax situation is different, and banks are not tax collectors. Each person will, IMO, be responsible to pay the appropriate tax on the date prescribed by IRS just like any other investment.

Dinar Investor – Jeff   …some great news came out that’s good
for us.  Not necessarily bad for the citizens and/or demonstrators because they’re sill gonna get what they want…here’s an article from today  “Abdul Mahdi will remain in the Prime Minister for the next three months”  …Abdul Mahdi still is the acting PM temporarily… January, February, March.  Notice how they kept him in through Q1…that’s great news for us…it suggests that they’re keeping Abdul Mahdi in long enough through the rate change…Remember since September I’ve stressed to you we need until March.  Now you’re seeing that based on everything happening factually…

Francis Albert – Dinar Guru   …If the CBI has all the actual notes (physical or digital for that matter) they can just destroy them if they want…as all Central Banks do regularly in one way or another. Like Cheeto’s – Central Banks, can always crunch, (create) more “money”.  KAP’s basic argument is based on his opinion that there’s 45 Trillion Dinar out there that would come home to roost with an increase in value and thus, he argues, a substantial increase can’t happen. IMO, he’s just not looking at the whole picture.

BobTheTaxMan – Dinar Guru    …If you plan ahead you’re going to be able to accomplish the things you want to accomplish.  You’re going to be able to retain that dinar.  Now, I’ve spent lots of time visiting with some of the brightest minds in the tax world…The three things anytime you have a windfall gain you look for 3 things that can happen.  1.  Can I reduce my taxation?  2.  Can I defer my taxation?    3.  Can I eliminate those taxations?  All three of those options are available to us who own dinar.  But you have to plan on it.  And you have to put certain things in place before the RV occurs...there is no ‘tax free’ option – period.  There isn’t any…despite all the rumors out there about making this thing a capital gains it will not be capital gains...

BobTheTaxMan – Dinar Guru   …I’ve watched people who have managed to come into great amount of money and lose it so quickly…you’re gonna walk into the bank you’re gonna exchange your dinar and they’re gonna give you X amount of dollars for X amount of dinar.  You’re gonna walk out and you’re gonna be happy.  Feeling on cloud 9.  You’re gonna spend that money.  Then you’re gonna say, ‘wow, I need some more!‘ So you go cash in some more and you’ll keep doing that without taking into consideration that you’re building an obligatory spot with the IRS.  Every time you do that you got yourself dug into a hole.  And it’s so easy when you have access to these kind of funds to be able to step up in the tax brackets and keep going and keep going and not realize how deep of a hole you just dug. 

Breitling – Dinar Guru  …I have zero doubts on the currency revaluing…This is the most important information you’re gonna get…when you exchange your currency you’re gonna get taxed.  That’s a taxable event.  You are gonna have a big chunk taken out right there.  Next, you’re gonna go buy a house, that’s a taxable event.  You’re gonna go out and buy a nice car.  That’s a taxable event…that’s what I’ve been worried about.  It’s going to go away from you so quick unless you know what you’re doing and have a plan and you have a plan to avoid that.  You did what you needed to do.  You bought the dinar.  The second thing you need to do is keep it.  There is nothing else you need to do.  This is coming down the road.  There’s no other way I can say it.  It’s right in front of you.  You’re looking at it.

MilitiaMan – Dinar Guru  ...we found that the currency supply decreased by 975% real close and the CBI clearly shows charts to prove they did in fact did do it. By decreasing  the money supply (note count) the common denominator is a value increase based of supply and demand. They will have a liquidity issue going forward if they don’t raise the rate soon…The reduction in currency wasn’t found until around the 23rd – 26th era December 2019, but it was in fact reported to have occurred on 12/08/2019 by the CBI and whereby, the movement of that money value from the reduction in currency showed up around on the commercial side of banking on 12/29/2019 real close. imo.  So, we can see that timing is of extreme importance now. With normal accounting behaviors, this time is very sensitive. I have a very good feeling about the window we are in.

Chattels – Dinar Guru   I do think that Iraq needs greater buying power because they are an import nation. Greater value for the dinar improves their buying power, but I have never thought that Iraq could successfully unilaterally declare a value to their currency. For their currency to be worth more in the marketplace with imports then other nations must accept that value for the dinar. I could certainly be wrong.

BobTheTaxMan – Dinar Guru   …We are here.  We are really really knocking on the door of this thing coming to fruition…I know the CBI is a little difficult to understand…there happen to be a graph that’s showed up…that thing is a SHOCKER! ...the graphic changes that is going on inside the CBI really denotes the major shift that is happening and is on it’s way…that graph is really dramatic…I haven’t seen anything so far that shows such a drastic change.  This is official.  This is coming out of the CBI itself…

Dinar Investor – Jeff    Article “The current year will witness the passage of controversial laws”  …all the controversial laws are dependent on the rate change.  Oil and gas.  Federal court.  Article 140…they’re waiting on the rate change.  They cannot amend these laws and add them to the constitution until after the rate change.  It’s that simple…”this year will witness a passage of controversial laws.”

Kaperoni – Dinar Guru  Enorrste and I agree, the next 30-60 days in Iraq could decide the fate of the dinar investment.

Tman23 – Dinar Guru   Word is Solemani was in Iraq to operate a coup, the plan was to take over the Iraq government and arrest Iraqi president Barham Salih… Hadi Al-Ameri,  leader of the Badr corps is said to have been arrested by US authorities…so now we hear on major outlets for an emergency session for Parliament …should hear about Ameri being arrested in next day or so…going to be an interesting weekend…

Chattels – Dinar Guru  [as far as that 50 trillion to 5 trillion,I would certainly love some clarification on it’s true meaning. I have seen differences in opinions.]   Let’s just wait for the next report. It it was an error then it likely will be corrected. If it stays the same then maybe there is something to it all.

Breitling – Dinar Guru   …Every country on the planet that drops their note count what happens to the value of their currency?  It goes up…it’s universal…they’re [Iraq is] dropping their note count…when they drop their note count guess what?  The value of their currency goes up.  They’re putting things in place.  The budget depends on investments because they’re losing in the commodities market as far as the energy markets go.    So they’re investing in the international markets.  And they’re not gonna do that at a ten of a penny…that’s what these guys are trying to tell you.  So all these indicators are in place.  It should make you very very happy…I couldn’t be more excited… [Post 2 of 2]

Breitling – Dinar Guru  ...I’ve been getting emails of people asking me about the graph from the CBI…it shows the drop in currency…if you go back…what was the value? About $3.25…they had between 1 and a half to 2 billion notes in the market…that was the number that we needed to watch.   The chart that you guys are looking at is very important…there it is from the CBI...Look how much the currency has dropped. Here’s what we don’t know.  We don’t know how many denominations are out in public.  In other words how many 25K notes.  How many 10K notes.  How many 5K notes.  So even though they say they’ve dropped the note count it doesn’t give us enough information to determine how many dinar are out there.  But we can see they dropped the note count.  It’s right there in front of you.  [Post 1 of 2]

Dinar Investor – Jeff  …one of the more popular gurus…saying it’s gonna change at the beginning of the year and the budget will be implemented at the beginning of the year.  I told you guys to be cautious with this type of information because this is over-hyped BS…

Kaperoni – Dinar Guru   There is a rumor…that the CBI reduced the money supply from 45 trillion or so to around 5 trillion. This is not possible on many fronts. Though the CBI reports website shows such a chart it is not possible.   1. the CBI continues the currency auctions. And the auctions are based on a “balance” of dinar to dollars. Offsetting that would create substantial demand for the currency.   2. the CBI has come out on numerous occasions that 70% or so of the currency in circulation is “chunky” meaning it is outside the banking system. In homes, under mattresses etc. If the money is outside the banking system as stated the CBI would not have access to it to reduce it.  So one can conclude that the chart is wrong.

Mountain Goat – Dinar Guru  …For the CBI to launch the project to delete the zeros any time soon would take a miracle. However, I am not hearing the CBI is going to postpone again due to the current situation. But this puzzles me as to why they would do this in the midst of such chaos…We see much instability issues now in Iraq. This situation is close to a major escalation but not yet. Some foreign investors are pulling out of Iraq but this can still be salvaged. The government must find solutions very soon or years, if not decades, of work will be lost…I still keep my hopes up that the CBI may still move forward in the midst of the turmoil…There is still a window of opportunity remaining. Let’s just see how it all plays out..

Breitling – Dinar Guru  ...a lot of stuff we’ve been looking at…everything is coming down the road.  Everything is lining up.  If people are not excited about this they’re never gonna get excited...you have Iraq telling you that they have a new budget based on lower oil prices and its determined by investments.  And so what are they gonna do?  They’re gonna reduce their note count.  They’re gonna start doing what we’ve been talking about…they said that they needed to add value to their currency.  Now they are dependent only on that because they have to add value to their currency to get into the international markets…we couldn’t be in a better position.  That’s why I’ve been so positive…there’s nothing else they need to do.  They took the cover off of everything.  All this stuff is in the news.  They’re telling everybody what they’re gonna do.

Dinar Investor – Jeff  …IMO they are in the process of positioning the money for the rate change – the last final step…there actually haven’t been any delays…

Adam Montana – Dinar Guru   [Well, it looks like that Iran /Iraq relationship has just about ended our dream of any kind of RV/RI…]  Ok, chicken little, the sky is not falling…We know things are going to get crazy before the RV. This might be the start of it, but this is definitely not “game over“!

Dinar Investor – Jeff    …Iraq already came out telling you they’re doing a temporary interim budget at the beginning of the year which means the 2020 budget will not cover starting from January.  They’re telling you that they’re going to utilize a new fiscal year.  Because of that temporary budget…the factual data shows that they’re transitioning back to their previous fiscal year going from April through March... [Post 2 of 2]

Dinar Investor – Jeff  …You have to look at Kuwait’s as a prime example to gauge Iraq.  Kuwait specifically did theirs on a Sunday morning of March 24th of ’91.  The reason it was done at that time is because that was done shortly before the beginning of their fiscal year which would be April 1st...Iraq is gonna have to change the rate at the beginning period of a new accounting period…because this is such a major rate change…if it was $3 that would be a 3000% increase.  If it was closer to $4 it would be a 4000% increase.  That’s massive…I’ve been saying this to my long timers throughout the entire year of 2019… [Post 1 of 2]

Mountain Goat – Dinar Guru   It takes time and we see much progress. The Iranian backed blocs have to get it into their thick heads that things are NOT going back to their form of normal (meaning corruption). Already the new election law changes how the process works. Oh – yes they would like things to settle back down their way so they can keep stealing from Iraq and feeding Iran. But this is why the demonstrations are happening in the first place and so this is NOT going to happen, not ever! ...We must go through this to get to it (our investment). [post 2 of 2]

Mountain Goat – Dinar Guru   UPDATE: Reinstatement progress…Remember that the UN and Sadr both agreed to finally pay out the excess oil revenues through the HCL to the citizens and do it now. …This was weeks ago? But we also know this will take a change in the rate and will trigger the smaller of the small category denominations to come out. The process has been set up that way to happen. So we wait…for things to settle down. But they will not even begin to settle down until a new prime minister is selected that meets the demands of the protestors. When will this happen? [post 1 of 2]

Dinar Investor – Jeff     I’m looking for two key things right now within the month of January [Budget and PM].  IMO I feel Iraq has about 90 days.  They’re not in any kind of rush.  90 days to really get the money positioned and change the rate.  I’m looking from the beginning of January through the end of March…

Mountain Goat – Dinar Guru   So the news today is still all about the Iranian influence in Iraq and the chaos it is causing. Finally, the US forces took action against them. The protestors support this action. Some Iranian backed politicians, of course, did not like and so spoke up. But this will all change and sooner than later. It may take an escalation of the US forces to push them out… What will happen? Whatever does happen must be met with support from the GOI and parliament.

Dinar Investor – Jeff    …Iraq through the year of ’19 has showed you a lot of articles showing if they were to change the rate right now because they are pegged to the dollar that the new rate they’d achieve would be “$1 plus”.   In order for them to achieve a “$3 plus” rate they have to have to do what Kuwait has done.  They have to un-peg from the dollar and re-peg to a currency assortment basket…