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

Originally Posted by Adster

Same here Wardy. Imagine how many of us would offload our 'wads' at 4 cents?! I'd cash in a million, that's all to keep me going. On top of this how many of the bigger boys will jump on board at 4 cents in anticipation of a rise?!

Nah, mods, we need a bull*hit smilie/flag on here for sure.

I agree as well. This seems to go against every bit of information that has been dug up lately. Although the 4:1 would be nice to see in only one years time.

Hey guys, I'm in the $1.48 camp myself, I just wanted to know your thoughts on this post. The guy seems confident in his sources, but I still feel like .04 would do more harm than good at this point.

Originally Posted by benzboy

if it opens at 4 cents on the dollar. that what 40k to the million, thats does not seem like a good thing, I wont cash in until at least over 1 dollar have not been waiting all this time for peanuts but that is just me
benzboy

Depends on how many millions you have, If someone has 10 million thats 400k. Don't know about you but thats a heck of a chunk all at once to me.

Originally Posted by benzboy

if it opens at 4 cents on the dollar. that what 40k to the million, thats does not seem like a good thing, I wont cash in until at least over 1 dollar have not been waiting all this time for peanuts but that is just me
benzboy

I'm with you....my break even point on the house, car, 2nd mortage and paying taxes is .81 I need at least 1.50 for mental anguish.

Originally Posted by benzboy

if it opens at 4 cents on the dollar. that what 40k to the million, thats does not seem like a good thing, I wont cash in until at least over 1 dollar have not been waiting all this time for peanuts but that is just me
benzboy

I understand what you are saying, but $40K return on a $900 (approx) investment is the stuff that dreams are made of.

However, I do believe that it will go higher, it just depends on if you can wait or not.

Originally Posted by benzboy

if it opens at 4 cents on the dollar. that what 40k to the million, thats does not seem like a good thing, I wont cash in until at least over 1 dollar have not been waiting all this time for peanuts but that is just me
benzboy

Not only that but 4 cents doesn't solve any Iraqi issues either....which is why I won't offload a note at that price. This kind of number really doen't make any sense.

This is a once in a lifetime opportunity, folks don't sell yourself short. It is unlikely most of us will get a second chance at this.

Have you seen the Kurdish dinar on e-bay?????? A friend of mine called last night and shot me a link on e-bay about a 10 dinar coin dated 2006 in Kurdish currency. This was in hopes (for the kurds) to have their own country....

Originally Posted by cigarman

Peakoil posted this on IIF, Looks like Paynes was right about the Fed reserve backing the dinar, good find.

Warehousing.
The Federal Open Market Committee of the Federal Reserve can permit the Treasury to "warehouse" some amount of foreign currency, if needed and appropriate, with the Federal Reserve System for the purposes of making more dollar resources available for ESF operations. Warehousing arrangements have only been used in a few specific instances.
In a warehousing transaction, the ESF makes a spot sale of foreign currency to the Federal Reserve System and simultaneously commits to repurchase the currency at a market-determined forward price on a specific future maturity date. Authorization to conduct warehousing operations has been renewed annually by the FOMC as a part of its foreign currency directive to the Federal Reserve Bank of New York for the System Open Market Account. The limit on warehousing is $5 billion, but this limit was temporarily raised to $10 billion in 1989 and $20 billion in 1995. The last use of the warehousing arrangement was during the period 1988-1992.

Link: U.S. Treasury - Exchange Stabilization Fund

Is this ringing a bell for anyone out there.
The latest dollar amount was $20 Billion in 1992.
More than 10-years ago.
What do we think it would be today in order to support and lift the Dinar?

Excellent post! I always knew that there was a procedure for the US to move in and buy another countries currency to provide a "boost". So this implies that there is a 20 Billion insurance policy against the dinar falling. Also, I always thought that the many countries that were involved in Iraqi would not let the value of the Dinar fail once it RV'ed. Nice piece of homework.

Originally Posted by WebGuy75903

No, no, no - Don't make him stand in the corner for a week. Make him stand front and center for a week, while you go buy new clothes, new furniture, maybe a new house and cars, and of course, a few donations to charities of your choice. Make him view all the wonderful things you are able to do by taking a chance on Iraq's successes. You need to show him that you didn't make an unwise decision, and that, in fact, you made a very smart decision.

Or, you could tease him a little bit. Walk home with a lot of numbers in your bank account (let him see it, of course), and then write him a check for $1000, and say, "Here - This is for you spend however you want", and let him ask what is going to happen to the rest of it. That's when you politely say, "Honey, you believed I was wasting money when I purchased Dinars. So, since you felt I was wasting money, I certainly have taken your words to heart, and don't want to give you any more than I feel you need to be happy".

Of course, don't let this go on forever, but having a little fun is partially what this is all about. That's what I'd do - Of course, my wife has been onboard with this investment since day one, so I guess I don't get to have any fun with her... At least in this regard, anyway.

Or make him watch from the window, and everynow and then give a reassuring glance over you shoulder

Maliki will meet Bush despite threats Sadr

(Voice of Iraq) - 11-27-2006
This issue was sent to a friend

Washington (AFP) - Muwaffaq Rubaie said national security adviser on Sunday that the Iraqi Iraqi Prime Minister Nuri al-Maliki will meet with American President George W. Bush, despite threats of the Iraqi young Shiite leader Muqtada al-Sadr withdraw from the government.

The trend of Muqtada al-Sadr threatened Friday to withdraw from the government and parliament in the event the Iraqis insisted Maliki to meet with American President as scheduled on 29 and November 30 present in Jordan.

He said spring for the "CNN", the American "I have no doubt that the Prime Minister will meet President Bush-Maliki in Amman in the coming days and will discuss very important issues on Iraq and the transfer of responsibilities in the area of security."

Rubaie said that the threats posed by al-Sadr are not serious. He said, "The government is stable and has the support of the three main groups and the three main parliamentary blocs." He added that the Iraqi government capable of overcoming the resignation of ministers close to the chest, saying "I do not believe that the resignation of some ministers will lead to the overthrow of that government."

Sadri trend and occupies 30 seats in the Iraqi Parliament with a number of government ministers, including Minister of Health and Minister of Communications.

Asked after the spring comment on the report of secret American government revealed by the "New York Times" on Sunday pointed out that the Iraqi insurgents have the ability to finance themselves through illegal activities such as oil smuggling and kidnappings.

The spring in this context regretted that the report did not refer to the "funding comes from the neighboring countries of Iraq." He explained, "I am not talking about governments but about businessmen. There are Islamic movements in these countries to help rebels overthrow of democracy in Iraq and seek to challenge the American government or the American army in Iraq "without naming any country.

According to the report, illegal activities by the rebels Iraqis, especially the smuggling of petroleum and its derivatives to generate those between 70 and 200 million dollars annually, which allows them to finance their activities.