Thread: Slow growth vs overnight RV

I was talking to a friend/acquaintence tonight about the future of dinar. He was very excited about and began talking about all the positives that are occurring. However, his take was that with laws passed and oil companies coming in, that we would begin to see an increase in value of the dinar, "in 90 days" & "we could possibly see a value of 50-75 cents in a year". My enthusiam was dampered just a bit as talk of an overnight RV has had me about to bust through my skin.

So what do you think? Will we really see an overnight RV or are we destined for slow growth over 1-2 years? All pros and cons of both models are welcome.

If someone told me that my dinar would be worth $.50 in a year, I would be a very happy camper. I would take that in a NY second.

Originally Posted by ChiefWealth53

I was talking to a friend/acquaintence tonight about the future of dinar. He was very excited about and began talking about all the positives that are occurring. However, his take was that with laws passed and oil companies coming in, that we would begin to see an increase in value of the dinar, "in 90 days" & "we could possibly see a value of 50-75 cents in a year". My enthusiam was dampered just a bit as talk of an overnight RV has had me about to bust through my skin.

So what do you think? Will we really see an overnight RV or are we destined for slow growth over 1-2 years? All pros and cons of both models are welcome.

Chief, As much as I would like an overnite RV, I am starting to believe that it will be a slower RV. I think your friend is right on. As security gets better and the fighting comes to a halt. I think with the HCL about to be passed the oil companies will move in in a greater number and oil productiion will skyrocket a lot more than the estimates plus the ISX will do great and as the markets see that the dinar will start making daily big tick moves. Hope for the quick but be bepaired to ride it out.

I have read many posts by those that sincerely believe in the slow grow theory and have presented their reasons for thinking that way. I can understand that you honestly believe it. However, personally I don't. I cannot see how the Iraqi government is going to solve the unemployment and poverty of a high percentage of the population without a massive program of capital spending on the oil, manufacturing, and agricultural industries. They don't have enough cash in their coffers to do this by themselves. And the buying power of the dinar is too low to allow them to import all the materials and expertise they need to get this rolling. In my opinion the only choice they have to solve this mess is a revaluation of their currency to a figure at least equal to the USD and to allow foreign investment in their capital markets. They need a fiat currency just like most of the rest of the world. Unlike most of the world they have substantial assets to back up the fiat currency, primarily oil. Slow grow will take too long. I have made this comment before in the news thread but it didn't get much response.

Take care all. In my opinion we are definitely nearing the end of this roller coaster ride.

must we start this same topic every month?/////

ChiefWealth53, I was a slow grow via float advocate from the beginning, but lean toward an RV of some amount at this point. Just thinking that they dilly dallied to long and that they will need a jump start of sorts at this point, a confidence builder for the Iraqi people.

Originally Posted by mike brown

must we start this same topic every month?/////

Why not? It's still a valid question.

Originally Posted by Cdn Scrooge

I have read many posts by those that sincerely believe in the slow grow theory and have presented their reasons for thinking that way. I can understand that you honestly believe it. However, personally I don't. I cannot see how the Iraqi government is going to solve the unemployment and poverty of a high percentage of the population without a massive program of capital spending on the oil, manufacturing, and agricultural industries. They don't have enough cash in their coffers to do this by themselves. And the buying power of the dinar is too low to allow them to import all the materials and expertise they need to get this rolling. In my opinion the only choice they have to solve this mess is a revaluation of their currency to a figure at least equal to the USD and to allow foreign investment in their capital markets. They need a fiat currency just like most of the rest of the world. Unlike most of the world they have substantial assets to back up the fiat currency, primarily oil. Slow grow will take too long. I have made this comment before in the news thread but it didn't get much response.

Take care all. In my opinion we are definitely nearing the end of this roller coaster ride.

I missed the last time you posted this Scrooge!
But what you just posted is what its really about.

Thank you for you informative post and the knowledge you bring to this forum!

Cheers

This seems to be the $64,000 question. However, I don't think that there is a thing called an overnight RV as this investment has been going on for 3+ years with many members who have been in it since day one. So IMO, if they Rved tomorrow, this would not be classed as an overnight RV. I guess it depends on the date you base the question on.

Originally Posted by Heres-Hoping

This seems to be the $64,000 question. However, I don't think that there is a thing called an overnight RV as this investment has been going on for 3+ years with many members who have been in it for so many years. So IMO, if they Rved tomorrow, this would not be classed as an overnight RV. So it depends on the date you base the question on.

Agree with you completely. The RV started a few months ago and will continue in the same vein for months to come. If the overnight RV had to happen, it would have happened by now given the economic plight of Iraq. The fact that it hasn't denotes a slow approach by Iraq. I also do not agree with the notion that the Iraq is running out of time. The officials really do not care about the citizens...they are too preoccupied with egos the size of oil rigs and petty politics.