Thread: "against the grain" perspectives......

Originally Posted by Icemann 30

Ditto!!

Ditto twice!!!!

There is that thing, and not of course to mention that PS#M2 dohickey, and the price of tin just droped in spain.
What ????????????? say you now !!!!!!!

Originally Posted by IITB

There is that thing, and not of course to mention that PS#M2 dohickey, and the price of tin just droped in spain.
What ????????????? say you now !!!!!!!

hmmmmm i say YOU are wrong, it's not tin, it's molded metal and it's called a thingamajig!!!

a link to prove it!www.moldedmetalthingamajigsofspain.com

I am truely hoping for the Dinar to RV first, then I can afford to buy maybe 100mil dong...then I will play the sit and wait game again.....who knows, of lady luck smiles my way, perhaps I could jion the ultra wealthy club instead of just the not poor anymore club..LOL

Originally Posted by ronbo

I just saved a bunch of money on my car insurance AND stayed at a Holiday Inn last night!
Like flies to honey baby, flies to honey!!

I was expecting more to chip in here! Anyways, I am one of those who believe in a slow grow...I do not believe there will be an overnight revalue as that signifies an image of delusions of grandeur...the rv started already...and will continue on this slow appreciation of the dinar against the dollar or euro during the next few years...

I use Zimbabwe's currency as an example. It has just collapsed under the avalanche of inflation. Agreed they do not have an ounce of what Iraq has in terms of reserves, etc, but surely they could have at least returned to a previous level of respectability to get over this economic crisis?

In 1999, the Zimbabwean dollar rallied to an informal rate of 700 to US$1, from as low as Zim$1,600 to US$1. Currently, and after the currency crash, it stands at Z$300 000 to one United States dollar. The official exchange rate is 15 000 to one. Surely, they could have just made the flip to even Zim$1600 to US$1 to maintain some kind of stability and address their inflationary issues and economic doldrums? Why haven't they taken that course?

Furthermore, there is the oft-repeated comparison between Kuwait and Iraq. Kuwait didn't have an issue with security, stability or even the population. Kuwait's population of just 3 million odd dwarfs in comparison with Iraq's 26 million. Iraq is practically rebuilding the entire country amidst numerous daily attempts to thwart the progress. India and China have lots more reserves than Iraq and yet their currency isn't on par with the US dollar. There must be a reason for this apart from an artificially maintained rate to gain an unfair advantage in exports.

I do not know any more than the wise heads on here, and there are way too many of them to even start naming them, but me thinks this will be a slow process until stability and security and policies are in place to kick start the economy. It's not as easy as changing the rate on the CBI site! If it does go against my belief and does revalue overnight, it would have to go back to the previous rate prior to 2003 i.e., at .31 cents and not the over inflated figures being bandied about for the simple reason that those rates were artificially set and would cause a serious run on the banks.

Originally Posted by breakeven

I use Zimbabwe's currency as an example. It has just collapsed under the avalanche of inflation. Agreed they do not have an ounce of what Iraq has in terms of reserves, etc, but surely they could have at least returned to a previous level of respectability to get over this economic crisis?

You just destroyed your argument with that one sentence(reserves=OIL). There is something else Zimbabwe has that Iraq does not; 1.5 million percent inflation!!! What do you think will happen to a currency with levels that high. Personally I didn't know a currency could even hold up to those levels.

If this is the basis for your slow grow theory I think you need to start reading the forums from the beginning.

Selective nit-picking isn't a healthy hobby!

No, that isn't the basis of my slow theory. Maybe you should re-read my post in its entirety before asking me to start reading the forums. I read them alright...just try to amuse myself more with posts tainted in delusions.

It is my belief that there will be a slow grow. I don't have proof for it. Likewise, there isn't proof that Iraq can faciliate an overnight revalue. It's all based on speculative assumptions. There's talk that Iraq has to do it, they have no choice, just look at the economic situation, it's going to go down the pan if they don't...again mere opinions just like mine.

I do not know half as much as the rest of the members know...and I stand to be corrected not ridiculed.

Whose theory will be the testimony of time? No one knows for sure...let's just wait and see...By the way, the inflation in Zimbabwe is set to reach 1.5 million by the year end. Still 6 months to go!

Originally Posted by Dinar Cha Ching

You just destroyed your argument with that one sentence(reserves=OIL). There is something else Zimbabwe has that Iraq does not; 1.5 million percent inflation!!! What do you think will happen to a currency with levels that high. Personally I didn't know a currency could even hold up to those levels.

If this is the basis for your slow grow theory I think you need to start reading the forums from the beginning.

Hi, We have discussed many of these points previously but how you can bring Zimbabwe into the equation astounds me- Zimbabwe stands alone in its situation ruled by a dictator who cares for nothing but himself who is quite prepared to to see his country die as long as he is happy, they also have more or less no natural assets except maybe agriculture, which once again he is trying to destroy, I think that once the world has got Iraq back on its feet again it should sort them out. I do agree with you in that a revalueing of of .32 is about right to begin with and then it can find its own level in time, but as stated previously a slow revalue does absolutley nothing for Iraq it needs to kick start its ecomony IMMEDIATELY, bringing imports down in price and bringing foreign investment in as quickly a possible, two years is far to long a period for this to happen, this will also I am sure automatically help reduce the security problems, dont forget we are already three years in with the revalue, IMO.

Hi abbey...thanks for your post.

The example of Zimbabwe was used to demonstrate that currency cannot be manipulated to such an extent that it could be on par with the dollar. I did include a disclaimer that Zimbabwe doesn't have anything in reserves in comparison with Iraq so I can be let off the hook in that respect. What bewilders me is why the attention on Zimbabwe alone. I referenced Kuwait as well...any takers for that?!

Like I said, I don't know much at all when compared to some of the brain boxes on here and stand to be corrected. Let's give all theories time to see which one prevails.

Good luck in the investment. Good things come to those who wait.

Originally Posted by abbey56

Hi, We have discussed many of these points previously but how you can bring Zimbabwe into the equation astounds me- Zimbabwe stands alone in its situation ruled by a dictator who cares for nothing but himself who is quite prepared to to see his country die as long as he is happy, they also have more or less no natural assets except maybe agriculture, which once again he is trying to destroy, I think that once the world has got Iraq back on its feet again it should sort them out. I do agree with you in that a revalueing of of .32 is about right to begin with and then it can find its own level in time, but as stated previously a slow revalue does absolutley nothing for Iraq it needs to kick start its ecomony IMMEDIATELY, bringing imports down in price and bringing foreign investment in as quickly a possible, two years is far to long a period for this to happen, this will also I am sure automatically help reduce the security problems, dont forget we are already three years in with the revalue, IMO.