7:39 PM [kaperoni] miln not much. some people were confused at a post today...so i come by to see if i can clear it up
[7:46:12 PM] ned dennis: 7:39 PM [kaperoni] other than that, just hangin out
[7:46:41 PM] ned dennis: 7:40 PM [kaperoni] even another site did a special call just to address the post
[7:47:04 PM] ned dennis: 7:41 PM [kaperoni] nah, the post was actually someones transcription from a CC i did on July 4th
7:41 PM [kaperoni] took that long to make it to the street
[7:47:36 PM] ned dennis: 7:42 PM [kaperoni] well, its a bit complicated...but i will try
7:42 PM [kaperoni] see we all look at the basics
7:42 PM [kaperoni] like Iraq has a currency
7:42 PM [kaperoni] and we hold that currency
7:42 PM [kaperoni] and that the Central Banks will hold that currency
7:42 PM [kaperoni] but noone looks at how this all happens
7:42 PM [kaperoni] its not magic
7:43 PM [kaperoni] There are things that have to occur
7:43 PM [kaperoni] and as i stated, that in order for Central Banks to hold the dinar as a reserve
7:43 PM [kaperoni] as we posted some 10 months ago
7:43 PM [kaperoni] they have to have a vehicle to obtain it
7:44 PM [kaperoni] that vehicle is a Equity Fund
7:44 PM [kaperoni] or ECM
7:44 PM [kaperoni] Equity Capital Market
7:44 PM [kaperoni] which is like a middle man
7:44 PM [kaperoni] or broker
7:44 PM [kaperoni] so...
7:45 PM [kaperoni] lets assume that is the plan
7:45 PM [kaperoni] and one they have been working on for 11 months
7:45 PM [kaperoni] or soo
7:45 PM [kaperoni] so
7:45 PM [kaperoni] how does that effect all of us
7:45 PM [kaperoni] ?
7:45 PM [kaperoni] well
7:45 PM [kaperoni] whomever is doing this, must have a plan to aquire our dinar
7:45 PM [kaperoni] to add it to this Fund
7:46 PM [kaperoni] And if true, it sorta changes all the rules that we thought were so simple
7:46 PM [kaperoni] like just walking into a bank to cash out
7:46 PM [kaperoni] or to a dealer
7:46 PM [kaperoni] I am not saying in anyway we wont be able to cash out
7:46 PM [kaperoni] in fact, just the opposite
7:47 PM [kaperoni] we will...just that plan may be different that we thought
7:47 PM [kaperoni] that we may have to go to a special place
7:47 PM [kaperoni] or location
7:47 PM [kaperoni] etc.
[7:48:56 PM] ned dennis: 7:42 PM [kaperoni] well, its a bit complicated...but i will try
7:42 PM [kaperoni] see we all look at the basics
7:42 PM [kaperoni] like Iraq has a currency
7:42 PM [kaperoni] and we hold that currency
7:42 PM [kaperoni] and that the Central Banks will hold that currency
7:42 PM [kaperoni] but noone looks at how this all happens
7:42 PM [kaperoni] its not magic
7:43 PM [kaperoni] There are things that have to occur
7:43 PM [kaperoni] and as i stated, that in order for Central Banks to hold the dinar as a reserve
7:43 PM [kaperoni] as we posted some 10 months ago
7:43 PM [kaperoni] they have to have a vehicle to obtain it
7:44 PM [kaperoni] that vehicle is a Equity Fund
7:44 PM [kaperoni] or ECM
7:44 PM [kaperoni] Equity Capital Market
7:44 PM [kaperoni] which is like a middle man
7:44 PM [kaperoni] or broker
7:44 PM [kaperoni] so...
7:45 PM [kaperoni] lets assume that is the plan
7:45 PM [kaperoni] and one they have been working on for 11 months
7:45 PM [kaperoni] or soo
7:45 PM [kaperoni] so
7:45 PM [kaperoni] how does that effect all of us
7:45 PM [kaperoni] ?
7:45 PM [kaperoni] well
7:45 PM [kaperoni] whomever is doing this, must have a plan to aquire our dinar
7:45 PM [kaperoni] to add it to this Fund
7:46 PM [kaperoni] And if true, it sorta changes all the rules that we thought were so simple
7:46 PM [kaperoni] like just walking into a bank to cash out
7:46 PM [kaperoni] or to a dealer
7:46 PM [kaperoni] I am not saying in anyway we wont be able to cash out
7:46 PM [kaperoni] in fact, just the opposite
7:47 PM [kaperoni] we will...just that plan may be different that we thought
7:47 PM [kaperoni] that we may have to go to a special place
7:47 PM [kaperoni] or location
7:47 PM [kaperoni] etc.
[7:49:58 PM] ned dennis: 7:47 PM [kaperoni] from what i been hearing, the CBI
7:47 PM [kaperoni] has a part of this
7:47 PM [kaperoni] they want the dinar "centrally validated
7:48 PM [kaperoni] meaning they want to hire a firm to make sure what is turned in is legit
7:48 PM [kaperoni] So much to think about in weeks to come as this plays out
7:48 PM [kaperoni] this also plays into how it is sold
7:48 PM [kaperoni] once collected
7:49 PM [kaperoni] that it will be sold by this broker or Equity trader
7:49 PM [kaperoni] to central banks
7:49 PM [kaperoni] so in other words "institutionally"
7:49 PM [kaperoni] and not a Forex currency
7:49 PM [kaperoni] as some thought
[7:50:18 PM] ned dennis: 7:49 PM [kaperoni] questions?7:51 PM [lln65] kaperoni are they preparing cash out locations in us?
7:51 PM [yada] So,,would the banks take on the role to valadate or are they not equipped?
7:51 PM [kaperoni] lln, i think so yes
7:51 PM [lln65] kaperoni ty
7:51 PM [kaperoni] yada, good question...I have been told that they do not want to validate the dinar...that they do not want to take the risk.
7:52 PM [kaperoni] it also plays into the CBI
7:52 PM [lln65] kaperoni will they be honoring the cbi rate?
7:52 PM [yada] underderstandablely so,,,
7:52 PM [lln65] lln65 okay dumb ?
7:52 PM [kaperoni] and wanting a central validation
7:52 PM [chattels] kaperoni sounds like it is a meanns of controlling the costs of collecting our dinar which to me means getting it back for less than " market conditions " might otherwise dictate ?
7:52 PM [kaperoni] lln, no idea
7:53 PM [kaperoni] chattels, well actually i think the opposite...if the central banks buy/sell the dinar...that will drive the value up.
7:53 PM [yada] or opportunity for out government to control the amounts cashed in for the tax purposes,,
7:53 PM [lln65] kaperoni is this a theory or fact? Sorry if I missed that part..
7:53 PM [chattels] kaperoni meaning we get less of a return on our money
7:54 PM [kaperoni] lln, nothing is fact until it happens. But based on what we know with articles over the past few years, and this information...it appears to relate and fit.
7:54 PM [chattels] kaperoni sorry my k]last comment was intended to further expl original thought, not being argumentativein m
7:54 PM [kaperoni] all good
7:55 PM [tsm] kaperoni : Why have the banks "seemingly been looking for the RV and working on bank packages?
7:55 PM [kaperoni] my only recommendation to everyone is to validate your dinar now by checking security features yourself and using a blacklight
7:55 PM [satrib] I would assume whoever is given this job will have offices in major cities through out the country
7:55 PM [kaperoni] that way you know what you have before any central validation
7:55 PM [kaperoni] satrib, true and i agree
7:56 PM [kaperoni] tsm, i dont believe that
7:56 PM [tsm] kaperoni : Then there is a lot of "liars" out there..
7:56 PM [CoolSpot] kaperoni So CBI is looking to appoint clearing houses, and those I think would be banks that have a relationship with CBI in Iraq? Is that why we see major banks looking to establsh themselves in Iraq?
7:57 PM [kaperoni] cool maybe.
7:57 PM [kaperoni] i dont know for sure on that
7:57 PM [kaperoni] i just know that the Equity Fund is good news for us
7:57 PM [satrib] if this is true...why does Dinar Corp think they will be offering cash out?
7:57 PM [kaperoni] because it creates a "market" for the dinar
7:58 PM [yada] so,,even if the banks are in the validation process or not,,the cash in process may take a day or so,,,depending on the volume of customers in said branch at that time
7:58 PM [kaperoni] satrib, i think many of the dinar dealers may be surprised
7:59 PM [kaperoni] yada, this information is not intended in anyway to cause concern over cashout
7:59 PM [yada] then I will use your own words "
7:59 PM [yada] All good!
7:59 PM [kaperoni] in fact, if you think about it...the dinar has to have value for us to play in this game
7:59 PM [tampadinar] kaperoni so are you saying the idea that the dinar would end up at the UST is false?
7:59 PM [kaperoni] tampadinar not at all...i am sure they will hold some