April 21,2011 Dinar Watchers,

April 21,2011

Dinar Watchers,


Displayed below [and attached for your convenience] is an 11-Page document containing 16 separate Topics.  I personally have not taken the time to read the content of the document.  Therefore, I have no idea of how much of the information may be “rumor”, or “speculation”, or partial fact”, or total fabrication”, or…???     I’m only the “messenger” sharing the information that I just received.
s/ Don

 

ENNORSTE'S CHAT 4/19/2011 CONDENSED & ORGANIZED BY TOPIC

by cosiangel » Wed Apr 20, 2011 7:13 pm

 

ENNORSTE'S CHAT 4/19/2011 CONDENSED & ORGANIZED BY TOPIC
**Courtesy Cosiangel of Dinar Vets**


Many people greatly value Ennorste's CHAT Analysis regarding our Dinar investment, but oftentimes find his chats to be lengthy and difficult to decipher because of people's frequent questions and comments, I decided to take his latest TWO PART Chat from 4/19/2011 (which was an EXCELLENT CHAT!!) and
CONDENSE it and ORGANIZE IT by TOPIC so that people could more readily get the most beneficial information from it more quickly and easily. I hope this is of help to some?

 

Following is a list of the topics addressed in the document.

 

POSSIBLE RATES & PROGRESSION POST RV
OMINOUS SIGNS REGARDING ALI
CASH-IN ISSUES & QUESTIONS
DINAR FLOAT VALUES POST RV
WORLDWIDE MEDIA EXPOSURE OF THE RV
SHABIBI RETURNING TO IRAQ POST RV
PERSONAL PLAN FOR CASH-IN
REGARDING BANK WIRES & HOMELAND SECURITY RISK
EXAMPLE PLAN FOR CASH-IN
HANDLING TAXES & GETTING A WEALTH MANAGEMENT PERSONAL BANKER
STRATEGY FOR DINARS CASH-IN RE FOREX INVESTMENT POST RV
SPECULATION ON RV’S OF OTHER CURRENCIES & THE DONG
WHAT IS SHOWING ON BACK SCREENS OF BANKS WORLDWIDE
POSSIBLE IMPACT OF RV ON US DEBT & PAYING OFF CHINA
RV AND POSITIVE PROGRESSIVE IMPACT ON US ECONOMY
CASH-IN OF IQD BY US TREASURY & IMPACT ON OIL INDUSTRY


**POSSIBLE RATES & PROGRESSION POST RV**

[Enorrste] masterblaster , I tend to agree with Bluwolf that it will come out in the $4 range, then rise to something around $6, and within months (3-6) go as high as $10, or more…
masterblaster] The Professor its not what they say. its what they do. It’s RV time. Thanks.
[Enorrste] However, what we may see will not be a "float" to these levels, which is pretty steep, economically speaking.
[Enorrste] We may, instead, see 2 more RVs after the initial one; just guessing though.
[Enorrste] Shalom babe, actually I believe the dollar will rise in the short term after the RV; reserves will swell which will strengthen the US dollar.

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***OMINOUS SIGNS REGARDING ALI***

[franksgirl] Dinar Daddy: Dinar Trade… The Scoop April 19, 2011 • Leave a Comment Source: Dinar Daddy’s Tidbits URL: http://theiraqidinar.com ••• e-scoop/ All, I’ve received several emails wondering why I’ve taken down the Dinar Trade banner from my site. It’s as simple as this… Dinar Trade has elected to NOT advertise for the next 3 months. As such, I sold the space to another Dinar Dealer I trust, that being The [.

[franksgirl] Wonder why Ali would not be advertising for 3 months???
[Enorrste] franksgirl , franksgirl what you just posted is ominous, to say the least, and leads me to suspect something is "afoot"
[Enorrste] I would just say this; be cautious
[gottabme] franksgirl Perhaps the Feds scared the heck out of Ali and he is under investigation so he is reacting by pulling back as much as possible??
[Enorrste] My dear friend Gottabme has a point, but it may be more sinister than that; I'll leave it to you to figure out the possibilities.
[Enorrste] pjlannen , based on the fact that Ali did an about face on our CC, and based on the fact that he has cancelled his ads with DinarDaddy, I'm beginning to see red flags.
[Enorrste] 'nuff said, as OKIE would put it.

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**CASH-IN ISSUES & QUESTIONS***

[mimirose] The Professor: Why is that? Not cashing in all for one check?
[Enorrste] mimirose , I will cash in the same amount each week for many, many weeks; this is part of my overall security profile; do not put all of your eggs in one basket
[Enorrste] mikivi , I will arrange with Ty to open my trust bank account in a bank that Ty deals with regularly
[Enorrste] Ty will assure me before I do anything that the checks are valid and will clear instantly as "real money"
[Enorrste] It will be the closest thing to a ledger-to-ledger that one can get nowadays.

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**DINAR FLOAT VALUES POST RV**

[bigdawg] The Professor .........what is your opinion on Dinar allow to float to the market?
[Enorrste] Bigdawg , Shabibi is on record that he will use a "managed float" which means that the dinar will be allowed to go up only a certain amount per day
[Enorrste] We don't know the starting point, nor the amount of change allowed, so we'll have to wait and see
[Enorrste] but in any case I do not see the dinar going down in any case, even with an entry level of $4
[Enorrste] read my post today in response to Wayne Askew where I make it perfectly clear that Iraq can easily afford a $10 dinar
[Agent 007] http://www.thegetteam.co ••• 7.0.html

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**WORLDWIDE MEDIA EXPOSURE OF THE RV**

[apex] The Professor thanks, curious if the USA or even world media will expose us investors as making out big......after a RV??
[Enorrste] apex , I don' think the media will pursue us at all; they will be embarrassed for having missed the biggest opportunity in the world, to begin with
[Enorrste] also, the media is not in the habit of trying to destroy multi-millionaires; the risk/reward just isn't there, IMO

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**SHABIBI RETURNING TO IRAQ POST RV**

[Enorrste] Damsel , there is a rumor that Shabs will not return to Iraq; it may be true…
[Enorrste] If he stepped on Maliki's toes by going directly to the IMF to get this done, then he may fear for his life returning.
[Enorrste] I have heard a rumor that he will take asylum in the US (OKIE).
[zoomzoom] The Professor is there any truth to Shabibi leaving the CBI/ If so how does that effect the stability of Iraq?
[Otsteve] The Professor – Do you think Shabibi may not return to Iraq to manage the CBI?
[Enorrste] Otsteve , that is a possibility, but I suspect that Saleh would take his (Shabibi’s) place, and they are two peas in the same pod in terms of thinking.
[lovely] The Professor by him not returning to Iraq how will that effect the value of the dinar long-term?
[Enorrste] I expect a formal announcement from Shabibi shortly regarding this issue.

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**PERSONAL PLAN FOR CASH-IN**

[brothers4751] The Professor -so you are planning on equal amounts of Dinar cashin over a period of time?
[Enorrste] brothers4751 yes, in this manner I reduce my overall risk significantly.
[Enorrste] I don't fear a fall in prices, so my downside is negligible
[Agent 007] adonaisgrace The Professor's post in the forum: http://www.thegetteam.co ••• 7.0.html
[brothers4751] The Professor -dollar cost averaging if dinar goes up???
[Enorrste] But the upside is that I can have numerous bank accounts; take a check to a new one each week; spread it out; buy gold with one week's cheque; etc.
[lovely] The Professor do you agree with Okie it (RV tax rate) will be 15% Cap Gains for everyone?
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**REGARDING BANK WIRES & HOMELAND SECURITY RISK**

***[Enorrste] Homeland Security has another point of view; and the banks have NO SAY over what HOMELAND SECURITY DOES!!!!!***
[Enorrste] If a wire is sufficiently large, it can be called "suspicious" and HS can hold the funds for up to 24 months,
[Enorrste] Worse, they don't have to warn you and don't have to communicate with you while they do their investigation
[Enorrste] so you are stuck for up to 24 months.
[gottabme] The Professor But they have to have "Cause". And I ain't got no "Cause"
[zigmnstr] The Professor and they pay no interest while “on hold”.
[Enorrste] At the end you will get your money, but in the meantime you are screwed
[kattster] The Professor not to mention they will want their taxes and you wont have the money for that either
[Enorrste] gottabme , since when do they have to have cause? The Patriot Act is their cause: potential international money laundering
[lclfkojak] zigmnstr and the government don’t get there tax money when “on hold”.
[Enorrste] otsteve , apples and oranges; HS and IRS are two separate depts. in the Government.
***NOTE: All the worries about the bank wires can come true with Home Land Security so yes the Cashier’s Check is the way to go. You should not have to wait days or weeks to get your money but do check with you bank first. HS can come back to any bank wire after the fact and “put a hold on” the funds days or weeks later—so best way to assure NO PROBLEM is to get Cashier’s Checks…PERIOD.***

[gottabme] Ok, I just talked to my Banker and asked them about a Cashiers Check VS. an Electronic Deposit(ACH). I was told that there is potentially a hold time on a Cashiers Check or any kind of check for that matter and it would be better to do an Electronic Deposit directly into your account. The funds will be immediately accessible then. BUT please check with your bank for your particular situation.

[otsteve] The Professor what about the FINCEN 104--does that not carry some weight.
[brothers4751] The Professor -do you have a figure that would raise a flag???
[Enorrste] Brothers4751 I don't know a figure, but wouldn't wire more than $200,000 AT ONE TIME.
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**EXAMPLE PLAN FOR CASH-IN**

[Enorrste] Here is the point: if you get a cheque for $200,000 you do this every week, right?
[Enorrste] And you open a new account each week, right?
[brothers4751] The Professor -any figure on cashiers check that would potentially raise a flag???
[Enorrste] So, your first check clears your original bank and you have plenty of money, right ?
[Enorrste] Or the next, or the next…
[shalom babe] Right ??
[lclfkojak] The Professor: Some people would have to have 60 checks and accounts!!!
[Enorrste] And if you buy gold, you walk away with it right there, right?
[Enorrste] Whereas, on the other hand, if you do the same with a wire, and HS figures out what you are doing, all of them could be held up for a LONG LONG time…
[Enorrste] And, you still haven't dealt with the issue of HS, which doesn't report to your bank manager; HS has it's own motivation
[lclfkojak] The Professor You really think TY is going to give us as many as 100 Cashier’s Checks??
[Enorrste] Also, if you buy, say, 50% in gold/silver you will be assured of having that asset in your hands (just as you do now the dinars) and that NO ONE will get a chance to hold it, or take it from you.
[Enorrste] And having many accounts provides protection against bank failures as well
[Enorrste] Clearly all banks won't all fail at once, right?
[Enorrste] Spread your money deposits out to be safe: a piece of pie is much better than no pie at all!
[Enorrste] Agent 007 , you convert dinars to a cheque; then take the cheque and buy your gold
[lclfkojak] The Professor 20 million divided by 200K is 100 checks and bank accounts.
[Enorrste] lclfkojak, TY said he will give you "several" Cashier’s Checks if you want-- but that he needs advanced notice to do this.
[mikivi] The Professor: You know certified or cashier checks may take up to 30 days to clear ?
[Enorrste] mikivi , I will cross that bridge when I get there, but I believe you are mistaken
[Enorrste] wycoffjul , you will need to work with whomever you cashin with; If we all run to TY for cashier's cheques he may stop the idea entirely
[Enorrste] Let's take it one day at a time
[theviking] Mikivi that is all news - that is not my experience at all
[tm] wycoffjul I think TK mentioned on CC maybe 5 million would be smallest amounts for cashiers checks and that TY would do more than one, within reason. I suppose it depends on how many different banks you are using.
[Enorrste] However, I don't think there is a limit on the amount of a Cashier’s Check.
[Enorrste] But having said that-- I will NOT cash all in for one check; no way!!!
[Enorrste] HOWEVER, I did not say to go get 100 checks at once, did I?
[Enorrste] Go once a week, one check. Simple, right?
***[Enorrste] This is not going to be a race, folks. Shabibi is on record: "it shall remain legal tender until all of the notes are drawn in"***

[mike5961] The Professor, I was in the mortgage business as a loan officer for 15 years and have closed well over 1500 loans, with this said I have seen the closing Attorneys use the Ledger to Ledger and the regular bank wire in most of those closings. I have at times seen a seller ask for a Cashier’s Check if the seller was from out of town and I remember asking one seller why they didn’t just do the wire and he said that on one of his closings they had the wire get held up for a few days and he was not happy I could tell. He told me his bank back home would allow him to deposit the Cashier’s Check and draw up to 50% of the funds by just making a phone call to the bank that issued the check.

NOTE: All the worries about the bank wires can come true with Home Land Security so yes the Cashier’s Check is the way to go. You should not have to wait days or weeks to get your money but do check with you bank first. HS can come back to any bank wire after the fact and “put a hold on” the funds days or weeks later—so best way to assure NO PROBLEM is to get Cashier’s Checks…PERIOD.
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**Handling Taxes and Getting A Wealth Management Personal Banker**

#1 [gottabme] Folks, no matter what, I suggest you develop a trusting relationship with your bank Manager or a personal banker. It is in their interest to help you out. Talk to them, ask them their banks procedure. Then back it up with some substantial amount of salaried money to pay them for their service and protection. You will have a friend for life!! Trust me!!!
[mike5961] Gottabme, well put, they will roll out the red carpet for you!!
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#2 [Enorrste] We (Ray and I in particular) have recommended from the "getgo" that you pay your Capital Gains Tax AT CASHIN or shortly thereafter, period. Take the Cashier’s Check to the IRS in person and get a receipt from the IRS stamped and dated for what you have paid. Then you can be free from worry and know that they cannot come back at you in some way in the future. This is the way that very wealthy people handle taxes.
[Enorrste] So, if you cash in, say $300,000 worth of dinar (100,000 say) then you get two checks, one for $255,000 and one for $45,000 (made out to UST) (15% Cap Gains Rate)
[Enorrste] then you are done; all left is tax paid. Send the UST the smaller check and walk away a free man/woman.
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**STRATEGY FOR DINARS CASH-IN RE FOREX INVESTMENT POST RV**

[Enorrste] Jonjobe7 , my strategy will be more simple:
[Enorrste] I will cash in the entire dinar holding through my trust at, say, $4
[Enorrste] Then, I will go to an investment house (or Forex directly) and open an account in dinars
[Enorrste] The account will be electronic
[Enorrste] I will follow my opening purchase, say, $4 per dinar, with a "stop-loss" order 3% below that at $3.88.
[Enorrste] If the dinar falls, I will lose 12 cents per dinar; no biggie.
[Enorrste] But if it rises, which I suspect it will do, then the "stop-loss" will rise with it.
[Enorrste] Suppose it goes all the way to $10, then drops some…
[Enorrste] I will be sold out at $9.70, just 3% loss.
[Enorrste] Not bad, huh?
[jgem] The Professor that sounds like a great plan! May follow that myself! Ty for sharing.
[Enorrste] Jgem , I might add that the FOREX position will be IN ADDITION to a healthy purchase of metals.
[dinomatic] Silver now $43.99
[Enorrste] Again on a "dollar-cost averaging" plan; buy the same amount each month.
[Enorrste] Dollar-wise.
[jgem] The Professor I think we are all tracking on that as well, but the Forex concept just clicked for me. TY!!!
[Enorrste] Cessie , I had written earlier that there is at least one major investment house that wants our business badly and will be offering to cash in, on the one hand, taking our dinars directly, but will also off a "dinar" account as well (through FOREX) so that you can continue to ride the market upward with electronic dinars.
[zigmnstr] The Professor can you say which house you are refering to? ?
[Enorrste] zigmnstr , I could, but in doing so I would betray a commitment to some folks that I won't do. I am not sure this is "open" yet
[Enorrste] zigmnstr, As I said, email me; I'm creating a separate folder for those interested; I won't look in my "master email list".

Enorrste Email: dinardude@gmail.com
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**SPECULATION ON RV’S OF OTHER CURRENCIES & THE DONG**

[Enorrste] Blessing7 , I have no idea what will happen with the dong; however,
[Enorrste] IMO it will be roughly commensurate with the Yuan, since these economies are closing related.
[Enorrste] I believe that up to 100 countries are going to RV simultaneously.
[Enorrste] Having said that, anything could happen.
[gottabme] Hey Steve, good to see you on here. I just got home and have been reading UP. Good Points...The only thing I want to add that is a "WildCard" and that is IF and it is a Big IF, China revalues its Juan, that would be huge for the USA owing much less. Right now the Juan is worth $.15 cents to the dollar. If it comes out even..1 to 1, we would owe them over 6 times less.
[Enorrste] Gottabme , you may be correct; this may be part of the longer term solution; however it would not surprise me if that didn't happen, or if it happened less than we hoped.
[masterblaster] The Professor: someone said 111 countries on one of the cc's
[blessing7] The Professor: I agree. Thank You!
[Enorrste] For instance, the KWD could go to $6, which would allow the IQD to go to $6 and they would still be at "parity".
[Enorrste] Similarly, the Yuan and Dong could change at the same time and still be at parity, or have roughly the same relationship to each other that they have now.
[Enorrste] All possibilities are out there, and this is what is so complex.
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**WHAT IS SHOWING ON BACK SCREENS OF BANKS WORLDWIDE**

[otsteve] The Professor: is it on all the back screens ready to go?
[Enorrste] Otsteve: Al says that in Dubai the screens are now "processing" and that the light is "green" and that the rate shown is $4.25.
[otsteve] The Professor: TY.
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**POSSIBLE IMPACT OF RV ON US DEBT & PAYING OFF CHINA**

[Enorrste] In either case, our new reserve position after the RV will allow us to pay off our debt to China instantly, which will improve the world economy as a whole.
[Enorrste] Because in doing so the dollar will rise against other currencies, which will improve the reserves of all countries who hold US dollars.
[zigmnstr] The Professor: Do you really think they will pay off the debt?
[Enorrste] zigmnstr , unfortunately Obama may not use the post RV money to pay off the debt; however, Geitner may have made a deal with the Chinese that we are not aware of .
[Enorrste] He's been over there a lot!
[Enorrste] In any case, I believe that China and the US will work it out.
[Enorrste] And the RV will relieve the crisis atmosphere overnight, regardless whether they pay off China or not.
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**RV AND POSITIVE PROGRESSIVE IMPACT ON US ECONOMY**

[Enorrste] Rok me right , the fall of the dollar will depend on a number of factors.
[Enorrste] As I see it the dollar is currently the "gold" of the world.
[Enorrste] But the world is now suspicious of the dollar's ability to hold value due to the crazy spending of Obama.
[Enorrste] With the RV, we will see the confidence in the dollar go back to "normal" for awhile.
[Enorrste] This is absolutely necessary, and is one of the reasons why the IMF has intervened to "git 'er done" in Iraq.
[Enorrste] Once stability is achieved, we will have a period of economic growth that will continue to improve the dollar.
[Enorrste] This could last from 6 months to a year, IMO.
[Enorrste] It will be generated by the purchasing power of up to 500,000 multi-millionaires in America, all buying "stuff".
[Enorrste] Initially, this will be great; housing inventories will go from "glut" to "normal"
[Enorrste] Car lots will go from "glut" to "normal"
[Enorrste] Even the RV business will go from "glut" to "normal"
[Enorrste] Inventories that are overextended will begin to come back to "normal".
[otsteve] Repair shops will be cleaning up a lot of cars.
[Enorrste] This process will wave through the economy, begun by us but continued by those who have not been so fortunate.
[Enorrste] The secondary wave will take some time. For instance, the car dealer will see his economic situation improve, so he will complete the room addition on his house that he stopped 3 years ago. This will increase employment. Take this times a few million and you can see where I am going. Small shops will get more business.
[Enorrste] Small businesses will get the courage to expand again.
[Enorrste] Banks will see their lending ability improve dramatically as the cash from our purchases fills their coffers.
[Enorrste] Interest rates, the lowest in history, will allow greater and greater lending
[Enorrste] At some point, say 7 months from now, housing starts will increase, contractors will finally go back to work (the backbone of a strong economy).
[Enorrste] But at some point, the excess inventory will begin to dry up.
[Enorrste] Then we, who still have gobs of money to invest, will begin a bidding war to get more good investments.
[Enorrste] Instead of "bottom feeding", the bank owned properties we will have to move to "lower tier housing" for good rentals.
[Enorrste] When this begins, realtors will see the tell-tale signs of another housing bubble being created.
[Enorrste] They will get their best clients involved (ones who never had dinars)…
[Enorrste] And the bidding will continue.
[Enorrste] Until we have another bubble like the one from late 1997 to the end of 2006.
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**CASH-IN OF IQD BY US TREASURY & IMPACT ON OIL INDUSTRY**

[Enorrste] DinarStar , The plan is simple; we cash in to the UST who will credit our accounts electronically. Therefore the UST does NOT need to print money to pay us off.
[Enorrste] Iraq will not be involved in this.
[Enorrste] The dinars sit at the UST for at least 6 months, and then are exchanged for oil at $32 per barrel.
[Enorrste] Since that is 1/4 the current price we benefit greatly as a country.
[Enorrste] And since Iraq gets its oil for 57 CENTS per barrel, it is getting its dinars back CHEAP.
[ayechief] The Professor what about oil- shall we invest in oil... will it continue to go up?
[Enorrste] Ayechief , the price of oil is not supply/demand driven; it is driven by a small cadre of world leaders for their own purposes.
[Enorrste] Ayechief , I answered the oil question already; it is not supply/demand driven; why invest in oil when you do not know the motivation of those who control it?