Kaperoni: I thought the PDF Paper (document) from Dr. Bakri was so good, so informative, I wanted to do a chat on this. To break down the events and clarify what we know.
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Kaperoni: I think we can say this man is very well educated, knowledgeable and experienced. So much so, in fact, that the CBI relies on him to speak at these various Symposiums to explain what is about to happen to the currency.
Kaperoni: Here are a few of the news articles supporting Dr. Bakri’s participation in various Lectures and Symposiums.
Kaperoni: I think we can draw from this information that Dr. Bakri is an authority, an expert, and is well informed in this event. Much more so than any “part time” guru or educated person who thinks they know what is happening within Iraq. Even someone who claims to be a “currency/investment analyst” has to take a back seat to this man’s knowledge, experience, and expertise in the circumstances within Iraq. After all, he is one of the “trusted” ones to disseminate this process to the Iraqi people.
Kaperoni: Now that we have qualified him, lets take a look at one of his papers…from June, 2011
Kaperoni: Proposal to raise zeros from the dinar Ala a paper – A. M. D. Jawad Kazem al-Bakri
Kaperoni: Here is the first quote…
Kaperoni: “The history of modern economics tells us that many nations in the world such as the countries involved in WW1 and WW2 or most recently the collapse of the Eastern Bloc countries, have taken one of these two measures, either by changing the whole national currency or eliminating zeros from the currencies so that it can go back to its previous stable condition.”
Kaperoni: This is pretty straight forward. That there are two ways or methods to go back to the previous stable condition after such events like a war. You either eliminate zeros from the currency (LOP) or do a currency change (transition from one set of notes to another without the zeros).
Kaperoni: Now here is where we learn what Iraq is really doing. Despite all the articles, misdirection, and confusion with terminology this quote tells us exactly what is happening….
Kaperoni: “In the Iraqi experience after the fall of the dictatorial regime, the present authorities have decided to change the Iraqi currency to a new currency.”
Kaperoni: This is absolutely the most direct and powerful statement we have heard. This is not an opinion, but a factual statement…”the present authorities have decided to change the Iraqi currency to a new currency”
Kaperoni: Now this also tells us that they are NOT deleting the zeros off the notes. And it tells us that “collecting the notes” is what is happening to reduce the money supply. It also tells us that we have been accurate all along on the research we have done on this investment. Here is the telling part – we did not know this information until just a few days ago. Which then ends up being a “validation” of the research.
Kaperoni: Next quote…
Kaperoni: “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.”
Kaperoni: Now this quote is simply amazing. It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same,” ie (LOP) Well this next quote…puts an end to that theory as well…more proof yet to come…
Kaperoni: “If three zeros were lifted from the IQD, this means the IQD becomes stronger 1000 times in terms of value.”
Kaperoni: This in itself is all we need to be assured of our investment. But the good Dr. gives us the dagger in the LOPster heart with this gem of an example…
Kaperoni: “For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.”
Kaperoni: He states clearly the previous currency (3 zero notes) will buy more after this event. That the dinar will appreciate in value 1000 times. No more discussion is needed…But wait, he is trying to explain this event so we will get even more confirmation…lol
Kaperoni: “From a theoretical point of view, when three zeros are lifted from the IQD its buying power will increase drastically so that the dollar will be equivalent to 1.5 dinars only.”
Kaperoni: And this one…
Kaperoni: “Therefore, let’s say the merchandise imported from abroad is valued before lifting the zeros at 1.2 million dinars, or $1000; if you lift the three zeros 1200 dinars will equal $1000; therefore, that will not bring any negative impact on the Iraqi citizens.”
Kaperoni: And the benefits of the event…
Kaperoni: “On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical policy, will lead to these positive factors:
1. It increases the monetary power of the IQD to buy things.
2. It increases the value of exchange from the dinar to other currencies.
3. It provides more confidence for more foreign investment in the economy.
4. It increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries.”
Kaperoni: This is simply the most powerful explanation and description of what is going to happen that we have ever had in print from an expert in Iraq. An explanation that is right on with our own research studying this event for over 4 years.
Kaperoni: Pray that the GOI is formed, that stability continues, and that Dr. Shabibi can accomplish this event.