Thread: Iraq/Dinar News. 09/05 to 01/14/07

Originally Posted by shotgunsusie

i agree. probably because im NOT a banker OR an economist. so far their thought process on this entire venture has been less than enthusiastic.

You know Dinar Chi Ching Brought that Japan experience to my attention and the action was simply political will alone. In this case there was no buying of excess currency. It was a simple overnight RV doubling the value of the money against the dollar.

But Germany is even better an example and more closely patterns itself with Iraq. But you and I already know that. Paynes posts bring this out clearly.

Gosh even the process of expanding the money supply we wittnessed these past years while maintaining the rate is right out of the Marshall plan play book.

Anyway I just want to bring the other facets of this gem to the forefront because there are parallels of history to draw from.

I am by no means as experienced in economic matters as others but I do feel I have a solid grasp of the larger picture. I tried to include in my conclusions stated will of the Iraqi officials. I have also attempted to point out that it is more than number crunching exercise going on here. There is a political side to this volitile nation and region and it shouldn't be ignored.

Knowles rightly stated that the MOF never meant lop of the currency but the exchange rate instead. As have others, I have always contended the same.

It is possible for an initial low RV however only the fainthearted are leaping on that ship because it won't stay there long; two-three months at most IMO if it even goes that route. Those with the courage to hold will undoubtedly rejoice over the fact that they did.

Quite possibly there will be a lot of surprised and happy faces when this concludes. Again, it is a very interesting ride.

Good night folks

Originally Posted by billknows

O.K, perhaps I was a little too hard on Mr. Knowles.

It's just a bit much when someone "warms up" the whole forum with such superb information - and then uses our adoration to - at just the perfect moment - drop the BIG BOMB - LOW REVAL! All his lead-up information was for that one solitary purpose. His mission is accomplished!

Personally, I remain highly optimistic!

Keep in mind that Mr Knowles' posts are just his opinion...the only person that knows the true amount of an R/V and the date it will happen is Dr. Sinan Al-Shibibi.

Originally Posted by DayDream

I found this article in the Official Gazette, the translation isn't worth a darn but, The sentence I highlighted has me scratching my head.
Does this sound as if tomorrow we may see some kind of "GOOD NEWS" printed in the paper? Something STRANGELY sounds GOOD!! Or is this nothing?
HMMMM!

Indeed, the economic indicators in the international oil market
Hossam Alsamuk
If the citizens of the oil-producing countries expected indicators rise in oil prices in the international market to strengthen their economies and ensure that future generations auspicious for the new, it remains on the surface of the globe, peoples and governments, companies and economic institutions and research centers as well as investors and speculators and middlemen all these justifications and Esteneon catalysts and perhaps even rumors of the return of the prices of a barrel of oil to a few dollars to ensure all of them support its sector in the crucial arena where the criterion of oil Stratijiat region in the world today.
As previously exposed to that drawn several times, it competed oil-producing countries invest achievements of the oil price increases in the projects. whatever its internal or external, but guaranteed-at least - rising billion of the proceeds earned from the increases anticipated from the rise of the price of a barrel of oil to four times over a year or a little more.
And crumbled Alaoblk to face rabid campaign to reduce oil prices and Almbergaah Ptdaulat international market and the principle of supply and demand. But it was surprised by that, Having decided to reduce its products million, two hundred thousand barrels per day that prices clung on session per barrel remained its place, at a time when it just announced that it would meet to consider a possible reduction of its production. Iqbal incentive for those who gamble on the vagaries of the market to escalate their applications mood of the price of a barrel of oil to cancel any idea of reducing production.
.Impressively, the deterioration in the international market prices for oil comes in the season preparedness warehouses for the storage of strategic outlook and oil products alike, as we approach the winter season, and despite the declaration of a mere declaration-- OPEC that it may proceed with its efforts to reduce the production of another five hundred thousand barrels during the month of December next, However, some lenders and speculators are still betting on the credibility of the commitment of the OPEC states commissioned by only weeks ago Btakhqid million, two hundred thousand barrels. even some experts and the oil corporations say that they gamble, although the major institutions and research centers already expected sharp rise in the price of oil, a few months ago to more than $%.
Before this terrible reality of the international oil market and could pose repercussions on the economies of oil-producing countries, especially those that have not paid attention to what feels changes. where will stand in the column tomorrow when the effects of the repercussions of this reality on the Iraqi economy and the policies followed in dealing with our revenues have increased.

AL-MADA Daily Newspaper...ÌÑíÏÉ ÇáãÏì

Cheers!
DayDream

Hi Everyone,

Now I do not know if what I am about to write is way off base but I am going to throw this out there. On October 30th - 31st we think they signed the article 8 then put out a statement about something big happening 6 weeks later or something along those lines. If I remember rightly it was dated 3 weeks in already which would put us at the 6 week mark. Now I am just going off memory and with reading so much it can get blurry. But this seems like something big but I am not sure what the statement exactly was so this may have nothing to do with the statement above. I just wanted to throw it out there so we can talk about it.

Dinar-Excited

Originally Posted by bob1940

who is MUNSON?

Roy Munson...an American hero!

Originally Posted by donald1439

He is just giveing his oppinion like everyone else,take it or leave it

The educated elite don't give opinions - they have THE ANSWERS! Between you and me - it turns my stomach!

Personally, I remain highly optimistic

An official at the Iraqi Central Bank said that inflation in the local economy was being exacerbated by supply shortages in the fuel preparations sectors, affecting transport costs, and also by pent up demand for goods and services in the Iraqi economy, reported MENAFN.

Noozz.com | IRAQ

Originally Posted by billknows

The educated elite don't give opinions - they have THE ANSWERS! Between you and me - it turns my stomach!

Personally, I remain highly optimistic

When can we say enough is enough with this guy?
Anyone feel that Rolclub is getting its own Fab 5?

Originally Posted by Lunar

Keep in mind that Mr Knowles' posts are just his opinion...the only person that knows the true amount of an R/V and the date it will happen is Dr. Sinan Al-Shibibi.

And the N.S. A.(dont forget the wire tappers)

interesting to see everyone worried about a low reval, and watch all the fears surfacing....

better out than in i say. but let them dissolve. if they try and shake us "little guys" out, well, we can just hang on. and its only a POSSIBILITY, not a given.

IF and thats an IF the CBI does a low early reval in an ATTEMPT to buy back a lot of overseas dinar, then OBVIOUSLY it will have a TIME LIMIT, after which a higher peg rate can follow, or a peg release, and upward float.

theyve still gotta go the proper rate at some stage soon, to get up to scratch with their neighbours, and cheapen the price of imports for their own people etc etc etc. not to mention the "big boys" have got their interests at stake, and want a result at some stage. however, they arent in a hurry like us. unlike me, they dont have to busk on trains to pay the rent. they already own heaps of stuff.

personally, at .05, i would cash in enough to cover my purchase cost, diversify that money into stocks or Dong or both as per my "crystal ball" or "spirit telephone", and enjoy the rest of the home ride on free Dinars, hopefully getting some fun also from my Dong, (and perhaps some Viagra).

anyway, dont freak out anyone. what does your personal "crystal ball" say?

id take a guess its something like "dont worry, hang in there and you gonna be RICH!!!"

Originally Posted by shotgunsusie

common sense would dictate that the bills are of the smaller denomination persuasion considering they got the high end covered with the 10 and 25 grand notes. that is NOT speculation in my opinion, they would HAVE TO BE smaller notes/coins.

I realize that SGS im just stating that the number 14 in the aticle could have been a misprint since it was back in 2004 and we only have 9 is it a leek hmmm maybe....but we do know that there have been misprints before in articles or believed to be misprints,,,,...and we all know that Iraq does say one thing and do another so it nothing new.....Were gona be rich soon i can feel it