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

Originally Posted by Offshore-Wealth.com

Good points,

No doubt in my mind what we are seeing is an excersise in stabilty. What was needed to demonstrate the economic soundness of dinar is that it is stable in all situations. It has been, and now CBI is proving this as they apply standard and accepted strategies to increase dinar value, and it is working just as they suspected it would. The stated what they were going to do, and they did it, and the results are as one would expect, so this is nothing more than a dog and pony show for all the world to see as proof they can handle increase.

Now on the flip side, we know why they are doing what they are doing, to control inflation which is what this move was designed to do as Wm, has so well pointed out for us in his posts. This to is a dog and pony show in my opinion to ultimately justify the revalue as we already see that all the other tried and true economic strategies have not worked. They raised interest rates several times, to no avail, inflation went higher again. Now we see value of dinar being manipulated up, and again, no impact on inflation.

This is to show the world that all responsible economic strategies have been implemented without the desired results of bringing down inflation as Iraq's situation is totally different than all other countries, and this again is more for show than go. As I see it, we are simply seeing a responsible well established strategy to control inflation being used with little or no results. This clears the path to the real solution we have all been waiting on, a revalue, a virtual shot in the arm, and no one can look back and say that they should have tried raising rates first, removing dinar to force up value, etc., for they have done all they could, and it clearly did not work. This is how unique a situation Iraq is in, so hang on, I see all this as a positive.

Happy Holiday Season to all, Mike

GET OUTTA MY HEAD MIKE!!!!

Originally Posted by shotgunsusie

ALL YOU NEGATIVE NELLIES NEED TO HEED THESE WORDS. IF YOU WONT LISTEN TO ME AT LEAST LISTEN TO THIS MAN!

also, fyi, I didnt invent the dates, I passed on information to you all. I wont be doing that if you insist on throwing it up in MY face each time like it was MY date. the dinar is REVALUING RIGHT NOW. that means the date was back in november so shut up.

Amen !!!!!!!![SIZE="7"] Man it gets old.

Originally Posted by DayDream

Found this...

Germany converted to the euro on 12-31-01 from the German Mark (DEM). On 12-31-01 their currency was valued at .4530 USD and when they switched to the euro the next day 01-01-02 it was valued at .8920 USD
making it a .439 cent USD jump in a day.

01-02-02 .8899 USD (Tuesday)
01-03-02 .9039 USD (Wednesday)

Cheers!
DayDream

I think more important than the day of the week - It's the day of the year! Look at Afghanistan too... (IMO)

Originally Posted by railroad

Just trying to figure this thing out....it seems since Nov 2 we have been in a drop in the dinar. Running from 1 to 3 dinar per auction. It's almost like mixing paint, just a little drop at a time and then see what you get. I wonder if this drop will increse to 4 and 5 an auction and hopefully even more per auction in the near future? It does seem that the Iraqis are testing the waters between auctions. Have'nt posted in a while, I,ve been lurking and reading threads. Also noticed a little hostility in some of the threads. Seems strange that someone would invest in something and turn around and trash it. I personally would not invest in something and not have faith in it. Be it a good investment or not you must have faith.

YUP

Originally Posted by DayDream

OSW...Do you really think the dollar is going to drop that much? Thats quite a plunge and somewhat frightening!

Cheers!
DayDream

Good question,

Sadly, yes, all the indicators are falling into place, and we are in a dangerous position if the FED makes the wrong move. As we saw yesterday, the FED chose to hold, do nothing, and for good reason, they move rates up, we go into a recession, they drop it, then more investors will dump the dollar, so you can see how perilous the situation is. Don't get me wrong, I hope it doesn't tank this far, but be prepared is my best advice. When Buffet makes move to short dollar, you can bet on the fact it is a good move to do the same.

Happy Holiday Season to all, Mike

Originally Posted by shotgunsusie

ALL YOU NEGATIVE NELLIES NEED TO HEED THESE WORDS. IF YOU WONT LISTEN TO ME AT LEAST LISTEN TO THIS MAN!

also, fyi, I didnt invent the dates, I passed on information to you all. I wont be doing that if you insist on throwing it up in MY face each time like it was MY date. the dinar is REVALUING RIGHT NOW. that means the date was back in november so shut up.

SGS, thank you for all of your work. Despite the wonderful situation we are end there apear to be those that don't appreciate you, I am not one of them. Thanks

Originally Posted by shotgunsusie

GET OUTTA MY HEAD MIKE!!!!

Whoops, sorry Susie. LOL

I appreciate every post that is on this forum, even if it is negative. I do not know anywhere else where I can go and get the level of opinions and research that is on this forum. With that being said, I am going to throw my opinion out there. The dinar shows 1414 to the USD this morning, they have taken out almost 1.5 trillion out of circulation, and they are getting ready to open the gates for foreign investment...we are almost at the end of this ride and the final stop will be AWESOME!!! Please show me somewhere else in history where something like this has happened, find one other currency that has gone up in value like the dinar has over the last two months, and lastly show me one other country that was devalued as badly as Iraq was. I think if we take time to LOOK at all these facts you will be smiling like I am everymorning when I wake up!!!


Have a Happy Holiday!!!!!!!!!!

Here are some excellent points posted by Worf earlier today:


If they open up their ISX to the outside world with a dinar rate in the 1300 - 1400 = 1usd range, doesn't that open themselves up for potential disaster? The big players from all of the world [big countries (incl. US), big banks, big business, wealthy individuals] will join forces for a feeding frenzy on the country of Iraq.


If they are going with their stated goals of overcoming the dollarization phenominon, raising the dinar where it was before, making the dinar the currency of choice among their people, combating inflation, then they are going to have to raise it and raise it big if they were serious about achieving their stated goals, aren't they?

Can they really afford to "dribble it out" once their international laws are in place? It is doubtful to me that so far they have had the desired effect of bringing inflation under control yet.

We have good reason to be optimistic!

Originally Posted by Inscrutable

Not being negative friend just asking if the opinion works both ways. I have nothing to frown about except when I start to read the post of those who have over-extended themselves because of the sure thing next week that's hyped. My post are intended to help keep those who can't avoid the hype grounded. I'll certainly continue enjoying a prosperous life and my holidays will only get better each year, no frowns.

On another note.

December 13, 2006
Iraq oil law talks delayed
Reuters
An Iraqi government committee drafting an oil law has failed to agree whether regions or the centre should sign deals on foreign investment and it is up to political leaders to find a solution, sources said.,,, BLAH BLAH BLAH

Salih said officials were working hard to meet the deadline.

IT'S AN OLD ARTICULE WITH NEW DATE - WATCH OUT FOR REUTERS THEY ARE FAMOUS FOR "RE-DATING" OLD NEWS.