Sarah Palin Supports Dinars!?

Sarah Palin may have just gained the appreciation of all of the dinar-loving Americans with this image, released by Getty Images:Whoa.

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The Ten Greatest Articles of All Time

We here at Jumping in Pools have compiled a list of the Top Ten view-getters in our blog's history. Sit back and enjoy the numbers:

Total Views All-Time: 140,176 Page Views

Top Ten Articles of All-Time:

1. "Obama to Change Military Oath," written by Matthew: 61, 480 views, or 43.9%
2. "Guns to be Banned for Elderly," written by Matthew: 7,262 views, or 5.2%
3. "Fallout 3 Review," written by Michael: 5,473 views, or 3.9%
4. "Obama Planning America Scouts," written by Matthew: 3,960 views, or 2.8%
5. "Joe's Babe of the Week: Nancy Pelosi," written by the Avitabile Brothers: 2,649 views, or 1.9%
6. "Obama Genetically Superior," written by Matthew: 2,197, or 1.6%
7. "Mint Contemplates Putting Obama on Quarter," written by Michael: 1,512 views, or 1.1%
8. "Proof Surfaces of Obama Being Born on Cruise Ship," written by Michael: 1,381, or 0.99%
9. "Shock as Obama Declares Dinars American Currency," written by Matthew: 1,165 views, or 0.83%
10. "Obama Heard Calling Secretary Clinton a "Broad,"" written by the Avitabile Brothers: 1,128 views, or 0.8%

Bold= Satire

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PREDICTION: The Dinar's Final Value

I was driving home today and thought of how the dinar might wind up. Feel free to post your own predictions as a response or challenge my assumptions.

What we know:

A lop would cause the Central Bank of Iraq to bring in all of the existing dinars, print new dinars, and then distribute the new currency. All of this would be expensive and time-consuming. Iraq has basically had to do this twice over the last 20 years and likely wouldn't desire to do it again.

If Iraq chose to grow the dinar, a RV of 1/1 would cause massive inflation and could cause the collapse of the Iraqi economy. An immediate shift could be detrimental to the already fragile economy.

Iraq's new currency is well-made. It is made of complex fibers and all have a watermark. The 25k note has security thread and color-shifting material. The putative value of this note currently is about $20. However, the high quality of the note is more like one worth about $100.

The dinar is pegged to the US dollar.

Knowing these things:

Iraq will likely continue to slow grow the dinar. With the rapid growth of the economy (even with lower oil prices), inflation is likely to pick up. If this happens, then the interest rates will likely be raised by the CBI. When this happens, the dinar increases in value.

If inflation causes a pickup in interest rates and the tightening of the money supply, then the overall M2 will decrease. Even a decrease of 10%, coupled with economic growth of 10% could have the effect of an over 20% pickup in the value of the dinar.

It is likely that the 25k dinar note would remain the largest bill. In this fashion, it could happen that this would be tied to the largest American bill in circulation, the $100 bill. In this case, if the 25k dinar note is roughly around $100, then the value of the dinar could range between one quarter and one half of a cent.

In this scenario, if the dinar was worth a half a cent, then the 50 dinar note would be worth a quarter, or enough to buy a gallon of gas in Iraq. This would become a practical small bill, similar to our $1 bill.

The slow grow of the dinar, coupled with the growth of the economy would likely cause the Iraqi economy and government to have increased spending power, which could further aid an economic revival. This could happen without the extra costs of a lop or the high risk of hyperinflation (which would be counterproductive) of an RV.

Also, if you need to search anything on Google, please use the bar below:

Dinars Bekharid

This is transliterated:

Pul e Iraq dinars ast. Dinars ye Iraq kheili geran (gerantar ke $3) bud. Vali, emruz kheili arzan ast. Yek dinar emruz $.00085 ast. Kharidan dinars bahush ast va bara ye ayande khub ast. Ayande dinars ast.

Ba ziad roghan, pul be Iraq miayad. Be to komak bekonid va dinars bekharid.

Shock as Obama Declares Dinars American Currency

Washington--

A visible pall was over the White House as President Obama announced that the American dollar was the currency of the past. During a press conference, the President announced that the United States dollar was going to be phased out and the Iraqi Dinar would become the official currency.

"The way I look at it is this," the President said, "We, uh, really, uh, destroyed the country of Iran-- Iraq, and we need to make it up to them. And, uh, by using their currency, we can, uh, begin the process of healing."

Reporters from MSNBC called the decision "heroic" and "long overdue." Reporter Bret Baier from FoxNews asked President Obama if the American people would accept his decision.

"One thing, Fox," the President responded, "Is that the American people gave me a clear mandate over that old guy. You, uh, sometimes have to be bold and contiguous."

When asked why he used the word contiguous in his statement, the President asked that Baier be escorted from the room.

White House Press Secretary Scott McClellan explained later in a written statement, "The Iraqi Dinar was once worth over three dollars. It is unlikely that the dollar would be worth three dollars. In fact, it is only too often that I had to exchange three dollars for one dollar at the grocery mart."

The Dinar is expected to become popular in places such as Massachusetts and Manhattan. Parts of California already use the Iranian Rial as official currency.

"This is a great day." said San Francisco resident Destiny Rainfall, "Hopefully there will be the day when we will not need to use money. Someday." Rainfall then got on her high horse. It is unknown if she will ever get down.

Stock up before it's too late!

For Sale-- 50 Iraqi Dinars

Hey everyone. I've recently been able to pick up some Iraqi Dinars. If anyone is interested in picking up 50 crisp Iraqi Dinars, email me at avitmw@gmail.com

PRICE: $1 plus 42 cents shipping.

It's Your Fault

Barack Obama will be the next President.

I could blame the election on Obama supporters. I could blame John McCain. I could blame Barack Obama, but I will not. No, the fault lies with McCain supporters in battleground states that sat on their hands. The election is lost with these people.

Why do I say this? How did I come to this conclusion? Simple. Look at Georgia. The voters their defied the polls and voted for McCain overwhelmingly. The other states were quite underwhelming. Obama supporters did what they were supposed to; they went out and voted. Silent McCain supports, other than the ones with circumstances they couldn't help, lost the election for John McCain.

My family and I all voted for McCain in the incredibly blue state of New York. We were counted. Georgian voters were counted. Were you?

However, despite my fear of Obama and his clearly poor judgement, he will be my President. I cannot disavow my love and pride in this country. Barack Obama will be my President.

Dollar Selling Halted in Dinar Market

Iraq's Central Bank has halted the selling of American dollars on its market. This comes after demand for the dollar has fallen.

This could represent a shift in the population towards confidence in the Dinar. If this is the case, coupled with rising interest rates, then the dinar may be on an upswing. The dinar rate today on XE is 1170pd, so let's hope it hits 1000 pd within two years.

So we'll see what happens:

The exchange rate is sensitive to external factors that affect prices of commodities which in turn raise the rate of inflation, a situation that can only be corrected by strengthening the value of the Iraqi dinar and that is an aspiration that is very much desirable, said an official at the Central Bank

Dinar Rate to Hike as Iraq Raises Interest Rates

Iraq's inflation rate has been falling, but the Iraqi Central Bank has decided to hike interest rates. With this contraction of the money supply, expect the value of the dinar to increase.

With such a contraction, as well as the official policy of appreciating the dinar, it can be expected that the dinar will keep rising. This comes at a time when almost a billion dinars were snatched up by foreign investors.

This has even been picked up in the wider press:

Iraq's foreign currency reserves now stand at $40 billion, he added. Central bank officials said Iraq's overall inflation rate had fallen from an overall level of 16-17 percent in 2007 because of a strengthening in the Iraqi dinar which helped shield the country from high commodity prices.

Also, some German marks for sale.


Search for dinars below!

War Profiteering

Here's a reasonable facsimile of a flyer I made up a couple of years ago when David C. Panzironi IV and I sold Iraqi Dinars. Since then the Dinar has appreciated from 1460 per dollar to 1176 today.
Iraqi Dinar Exchange Rate

Any questions should be directed at me before the Dinar goes one per dollar.



Want to Make Money?
A Practically Guaranteed Investment in the Future!
Iraqi Dinars
The New Iraqi Dinars are dirt cheap right now, and will rise.
--Why, you ask?
Iraq is currently receiving over $200,000,000,000 in U.S. and Allied countries in rebuilding projects.
Iraq has the world’s second largest oil reserves, and oil is at an all-time high!
Iraq has the most educated population in the Arab Middle East.


In 1990, before the first Gulf War, Iraqi dinars were worth $3.30!
Now, it’s over 1000 dinars per dollar!
Dinars have risen 25% since last year alone, and after elections in January, and with more countries joining the Allies, Iraq is on the right track to become a key ally of America and an even bigger oil supplier.
The Timely Investors Organization—
See us at the Tigers’ Den for more information

A Little Bit

An article I found a couple of years ago. Remember, with the financial trouble, put your money in the rock of world currency and commodities: the Iraqi Dinar. Remember, there's a 40% chance your money won't go to terrorism. But then again, that's better odds than if you buy gas.

Guess Who's Coming to Dinar
By AMIR TAHERI
September 14, 2005; Page A20

In the Tehran moneychangers' bazaar on Manuchehri Street, traders are always on the lookout for the new sogoli. The word, which means "top flower," is used to describe anyone or anything that is popular at any given time -- a thoroughbred steed, a beauty in the harem and, on "Foreign Exchange Street," the dozens of currencies traded each day. These days the moneychangers' sogoli is a surprise newcomer: the Iraqi dinar.

With the world media depicting Iraq as a ship sinking in a sea of blood, and self-styled experts predicting civil war or disintegration, it is hard to imagine why anyone would want to abandon such all-time favorites as the U.S. dollar and the euro, not to mention the oil currencies of the region, in favor of the world's newest money.

One reason, of course, is the sharp rise in the supply of dollars, a result of the dramatic increase in the price of oil. (Iran is earning something like $200 million each day from its oil exports.) Another reason is that hundreds of thousands of Iranians have registered to travel to Iraq to visit Shiite sites in Najaf, Karbala, Samarra and Kazemiah. Under a recent agreement, an average of 1,000 Iranians are allowed to perform the pilgrimage each day. (The number is to rise to 5,000 a day in two years.) To these must be added several hundred non-Iranian Shiites, mostly from the Indian subcontinent and the Persian Gulf, who travel to Iraq via Iran after visiting the Iranian holy city of Mash'had.

Yet another reason for the increased interest in the Iraqi dinar is the dramatic increase in the volume and value of unofficial exports from Iraq to Iran. Ironically, a good part of this trade consists of petroleum products, which are shipped from Iraq to four Iranian border provinces. Thanks to Iraqi government subsidies, petrol is 30 times cheaper in Iraq than in Iran. (There is also much smuggling of petroleum from Iraq to Turkey, where petrol costs 160 times more). Adventurous Iranian businessmen, often working on behalf of well-connected mullahs, are also making a killing by importing foodstuffs, medical supplies and consumer goods from Iraq, especially the Kurdish areas, at prices that defy competition inside Iran.

Iraq is also benefiting from a slow but steady transfer of Shiite religious funds from many foreign countries, notably Iran. The reverse was the case under Saddam Hussein, when the Shiite foundations were anxious to keep as little of their assets in Iraq as possible. In the past year or so, several foundations have started to withdraw their assets from Iran. The trend was accelerated last spring after the Iranian government seized assets worth some $200 million from the Khoi Foundation, named after the late Grand Ayatollah Abol-Qassem Mussavi Khoi. It is suddenly Iraq, and not Iran, that looks like the safe haven for Shiite foundations.

Angered by increasing state intervention in religious affairs, a small but growing number of Shiite mullahs are leaving Iran to settle in Iraq. There is further concern that President Mahmoud Ahmadinejad's new administration -- dominated by the Islamic Revolutionary Guard -- may order a crackdown against the clergy.

Iraq's economic attraction, however, is not solely due to the arcane calculations of mullahs and pilgrims. It is also reflected in the latest report by the International Monetary Fund, published last month. It offers a mixed picture. For example, the report estimates Iraq's annual economic growth rate at just over 4% for 2005, a sharp drop compared to last year, when the economy grew by 52%.

But a closer look shows that the Iraqi economy still performed surprisingly well. The 52% growth rate represented exceptional circumstances in the aftermath of liberation and was unsustainable. Furthermore, the current 4% growth rate is higher than the average rates for the members of the Arab League. It is also a full percentage point higher than the annual average Iran achieved during the eight years of President Muhammad Khatami's administration.

If oil prices hold, Iraq's gross domestic product per head is projected to reach $3,000 next year, making it number 12 in the Arab League; in 2003, it was number 18. The IMF report shows that Iraq absorbed only $4.2 billion in investments in the non-oil sector of the economy compared to the $5.2 billion forecast last year. That figure, however, ignores investments made by small and mid-sized businesses, as well as farmers and individuals. Anecdotal evidence shows that such schemes are acting as the engine of growth in many parts of the country.

The key reason for the strong performance of the Iraqi dinar, however, may be the sevenfold increase in the nation's foreign currency reserves -- from less than a billion dollars to $7.3 billion. And the real figure may be higher because the report, finalized last July, does not reflect the latest rise in oil prices.

Some Americans might think that Iraq owes its robust economic performance to a flood of dollars provided by the U.S. taxpayers. The IMF report shows that this is not the case. Iraq is paying 90% of its own expenditures, including the cost of economic reconstruction. Of the remaining 10%, the U.S. accounts for four-fifths, with the rest coming from other donors. The bulk of the money the U.S. spends in Iraq is allocated to military and security operations, consultancy contracts and administrative costs.

The IMF speculates that within a decade Iraq could emerge as an engine of growth in the Middle East. Theoretically, this looks plausible. Iraq owns the world's second-largest deposits of crude oil and, once it produces its full OPEC quota, could take in up to $250 million a day from exports. It is also the only country in the Middle East that could easily double its agricultural production by introducing new farming techniques and equipment.

Nevertheless, Iraq's economic model suffers from two basic weaknesses. First, it is a rentier economy designed to distribute the oil income via state subsidies. Subsidies now account for 51% of the gross domestic product; the comparable figure in Iran is 22%, and 13% in Turkey. This limits the state's ability to invest in infrastructural projects, economic development programs and social services. It is clear that the current government under Prime Minister Ibrahim al-Jaafari lacks the political courage to reduce -- let alone abolish -- the subsidies that prevent the Iraqi economy from fully taking off.

The second weakness is the foreign debt inherited from Saddam Hussein, which amounts to $190 billion, including reparations distributed through the United Nations. (It excludes Iran's claim of over $1 trillion in damages.) Even under the best case scenario, servicing that debt could consume almost half of Iraq's GDP for the next decade. The best way to help Iraq would be for its creditors to write off the debts accumulated by an unrepresentative despot.

Iraq is in the process of crafting a more durable government. Economic reform should be a major part of that important effort.

Mr. Taheri is the author of "L'Irak: Le Dessous Des Cartes" (Editions Complexe, 2002).