Dinar a Fiat Currency ??
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Thread: Dinar a Fiat Currency ??

  1. #1

    Dinar a Fiat Currency ??

    Any insight on this topic appreciated. I've never had a question about this investment until I heard Bix Weir speak on this short video.

    About 7:30 into this video, Bix infers there will be no revaluation of all the currencies because if there is, that would perpetuate the globalization scheme that we currently have. (Bad guys still in power) The point of the collapse of currencies is to introduce gold/silver-backed currency and/or gold/silver itself instead of paper to the U.S. economy. (and other economies?)

    Apparently this collapse is not just about the dollar. Yes, we've heard about the collapse of the Euro, but what about other currencies?
    He also states that when the currencies collapse that means there will be no more international trade. That sounds to me like the dinar will also collapse and/or will be good only in-country.
    e.g.: The interviewer states: "When fiat currencies end, it ends badly for all fiat currencies."


    1. Is the IQD that we currently hold a fiat currency?

    2. Besides releasing lower denoms, perhaps releasing new asset-backed currency is the reason for Iraq replacing its (fiat) currency? Just like we will do in the U.S., for instance, replace the fed res notes.
    Perhaps this transition is also a good reason for having a time limit in which to exchange our dinars, say 30-45 days. (I guess we could call this event a "collapse" of the three zeros. LOL)

    3. Would this scenario mean that dinar-holders need a bank account in Iraq to receive an increase in value?

    I recall Bix indicates that a collapse/crash will begin around March (this year or next, I did not understand)

    Perhaps someone could talk to Bix and get some clarity.

    Of course, he is saying to buy physical silver, which we can't argue with that.


  2. #2
    Join Date
    Jul 2012
    The wild, wild west.
    I am no expert.
    (All the experts just chuckled in agreement! Lol)

    The IQD is a currency held at an artificially low rate by the CBI, the IMF,
    (whoever is the ultimate authority )

    Once the IQD is revalued (after some semblance of political stability)
    it will be backed by the natural resources of Iraq. (Oil, Gold, Agriculture, etc)

    There is wealth in Iraq. It did not simply disapear the day Sadaam invaded Kuwait...
    but the wealth of Iraq was no longer recognized in the Iraqi currency...
    then after we invaded them a few years later...
    the US printed the New IQD... and there is a "Plan" to raise it's value one day (soon).

    Once the revalue happens.. the wealth of Iraq will be recognized once again.

    It is expected by many to be on a managed float.. managed by Shabibi and the IMF.
    There have been several CBI articles stating that the triple zero notes will
    exist alongside the lower denoms for a period of 10 years.
    There have been a few CBI articles that mentioned a 2 year period.

    There are many who don't beleive the RV in Iraq is dependent on some massive global reset...
    but that the RV in Iraq will have a positive effect on many other countries economies.

    It is unlikely that we will all need to go to Iraq to exchange our currency....
    thought the exact method we will use to exchange is another question mark.

    Like LJ says.. "We don't know what it is we don't know."

    You speak of the US replacing the FED notes. Is that a reality?
    Can you show me where that is shown to be a fact?
    I have heard talk of it for a long time. Is it true?

    Speculating in the silver market?
    I had some capital tied up in silver... I bought when it was low..
    sold it when it hit close to an all time high..
    and invested that profit into dinar.

    Since that day.. silver has done nothin gbut go DOWN.

    Over time... silver and gold are good ways to hold wealth longterm...
    but in the short term.. they can be volatile.
    I have a buddy who did NOT get out when I did..
    and he is sitting at a huge loss position now...
    what capital he has left is tied up in silver which is not expected to rise dramaticly over the next year...

    In fact...

    Many of us expect the gold and silver to DROP .. once the RV happens..
    and the dollar strengthens as we all buy houses and cars..
    as we quit jobs and unemployed people take our places, causing the unemployment rate to drop.
    With a stronger economy.. a strengthened dollar... gold and silver will go down...
    and after it levels out... THAT will be a good time to make long term investments in physical precious metals...
    in anticipation that they will go up over time.

    As far as being able to predict the future.. about things we just really dont know about...
    well.. your guess is as good as mine.

    Same as I have heard Okie say "the Dinar revalued! We are rich!..."
    I have heard the black helicopter people tell me
    "the dollar will be devalued in a week...the fed notes will be pulled...
    better buy canned goods, booze and silver tommorrow...
    this whole thing is about to come down around us!"

    And still the sun rises, the mail gets delivered, and life goes on.

    I am into reality. That is what I like about this speculative investment..
    it is based on the reality of Iraq, the US, the UN, the IMF....
    and I hold actual REAL foreign currency with real value...
    and the prospect of greater value in the future.
    (Based on the fact that aside from this "sadaam/war period" we are emerging from...
    the IQD has NEVER been worth less than $2.50)

    I follow articles and analysts like BGG to track the day to day, real world progress of our investment.

    I just can not base my behaviour and actions on conspiracy theories that may or may not be reality.
    I can understand them... and try to be smart about my behaviour on a "just in case" basis..
    but I do NOT have a bunker filled with Jack Daniels, ammunition and silver.

    I continue to live in the real world.

    See? I told you I am not an expert. LOL.
    Just an American, invested in the Dinar and going about my life....
    hopefull and happy and hanging tough.
    Last edited by BlueyesinLevis; 07-30-2012 at 03:45 AM.

  3. #3
    Join Date
    Jul 2012
    The wild, wild west.
    Expert: Project must be careful to delete the zeros to avoid the possible collapse of the national currency when applied
    Date: 30/07/2012 Day: Monday Last Updated: 30/07/2012

    BAGHDAD - Follow-up:
    Tawfiq, an economist warned inhibitor, from the possible collapse of the national currency at the application of the deletion of three zeros from the currency, calling for an economic feasibility study for the project before its implementation.

    Mani said: The project to restructure the local currency by deleting the three zeroes of which needs to be enough time for discussion by experts and specialists, study in detail to see the positive and negative results and the extent of its importance to the economy and its impact on the national currency.

    He suggested: Launch of the new currency along with the old currency for a period of not less than (10) years so as not to cause damage to the economy or a breach in the market, noting that Turkey fought experience and has seen an economic crisis as a result of launching a new currency for once with the withdrawal of the entire currency of the old.

    He added, must be careful before implementing the project to delete the zeros because a large project concerns the general public and its effects directly on the economy, whether positive or negative, calling for development of good mechanism to be applied to prevent the occurrence of probably cause in which a collapse of the local currency, a public placement, fraud, or something like that.

    The central bank announced earlier in the year 2013 will see the deletion of zeros and switch the currency, which warned him, officials and economists because of the presence of mafias currency is preparing to rig the trillions of Iraqi dinars to replace them in the light of the upcoming changes.

    He demanded the prime minister's central bank to wait to draft the three zeroes deleted from the local currency, saying he was a big project and needs to be enough time to apply.


  4. #4
    Join Date
    Jul 2012
    The wild, wild west.
    Are Fiat Currencies Headed for a Collapse?
    Published: Friday, 27 Jul 2012 | 5:27 AM
    By: Lisa Oake
    Anchor, CNBC Asia-Pacific

    As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement?

    Some heavy hitters say the answer is no.

    A fiat currency derives its worth from the issuing government - it is not fixed in value to any objective standard. That means central banks can print as much money as they want. If an economy is struggling, injecting more notes into the system juices activity but lowers the value of the currency in question.

    With major central banks all desperate to stimulate their economies, some say currencies have entered a dangerous new phase often described as a race to the bottom.

    Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, says investors will soon start to demand fiat currencies be backed by gold or other hard assets.

    It's already happening, you're beginning to see that trend with central banks stocking up on gold. The estimate is that at least half of the buying is central bank buying. They are looking to the day when they can say okay, our currency is backed by gold and therefore we're a strong country,” Mobius told CNBC Asia.

    Mobius has $50 billion under management.

    Yu-Dee Chang, Chief Advisor at ACE Investment Strategists, says repeated stimulus is shortsighted. “If you keep printing money, sooner or later, we're going to get in trouble. QE is good for the economy and for the market but the long-term effect is very much questionable,” said Chang.

    But not everyone thinks fiat currencies are approaching their demise. Sean Callow, Senior Currency Strategist at Westpac Bank, says if there was going to be a melt-down, it would have happened by now.
    “The bond market vigilantes have had every chance to punish the U.S. for its huge fiscal deficits. The markets are confident in these currencies - the U.S. dollar , the british pound, and the Japanese Yen in particular. That's where the balance sheet expansion has occurred and yet those currencies have held up pretty well over the past couple of years,” said Callow.

    As the fiat currency debate gains momentum and relevance, one London-based manager of a billion dollar fund says the answer about what lies ahead is in the past.

    “Every single fiat currency in history has collapsed, this time will be no different.”


    Current DateTime: 12:18:17 29 Jul 2012
    2012 CNBC.com
    Last edited by BlueyesinLevis; 07-30-2012 at 05:42 AM.

  5. #5
    Yes, I agree with you on all counts. I've been invested for nearly five years now.

    Thanks so much for the time you put into your responses and bringing me back to reality.
    And that reality is that this is the greatest investment in our lifetimes.

    As far as the US replacing the FED notes, I am mainly going by things here and there. At Bix's site www.roadtoroota.com
    he shows the new $100 bill backed by metals, though I noticed that it still says "Federal Reserve Note." On the front page about half way down.
    The FED contract is up this December.
    The audit the FED bill passed.
    The FED gold is being audited as we speak. http://www.latimes.com/business/la-f...335,full.story
    Lawsuits have been filed regarding gold (I can find one if you want it)
    The talk of a global reset, as you say.
    An election year.
    Banker arrests.
    People are just plain "FED UP." LOL
    Just all things things seem to indicate some kind of big change coming.

    I am thinking more and more that Bix doesn't know much about this investment because he's had his head into silver for so long.
    There are people out there who I've told about the dinar and they come up with these convoluted tales as to why one should not get into it.
    They talk themselves right out of it like it's playing the stock market or something. Almost makes me laugh.

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