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  1. #261
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    Quote Originally Posted by Par77 View Post
    1000:1 by January 15th and 1:1 by June 15th. Millionairs by June 15th Neno, Isn't this what your friend said? That's what I get out of this and I am keeping it
    No, it was millionaire by June07, but he thought now a lot sooner.

    They will talk after the 15th of january, if it reached 1000:1 level.

    That's how I understand it.

    So we will be millionaires a lot sooner, maybe at the end of January, like the other rumors!
    "There is a paragraph about investment in this year's budget which provides for having the Iraqi dinar as the main currency in the 2007 budget," Sulagh said (Minister of Finance).

    The head of the Research and Statistics, Dr. Mohamed Saleh:
    The rate of 75% of the real exchange rate of the dollar to improve...

  2. #262
    Senior Investor Dinar Cha Ching's Avatar
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    Quote Originally Posted by Par77 View Post
    Why not? Chase bank is already buying and selling dinar. With all the laws in place, investors being lined up and ready to go, and the ISX opening it has to be openly traded on the world market.

    It will be interesting to see what Bush's new direction for Iraq will be next week. I heard he is going to address the economic's as well. It is all happening and it is all good for us
    When I bought from Chase a couple of weeks ago I bought for $792 per mil, they would buy back for $664 per mil. That's a 16% spread. If you cash out before that spread tightens you are going to lose a lot of profit and you also have to consider what you'll pay in taxes. Too soon could be too costly. Also remember one of the things the CBI wants to do is shake out some of the early birds for cheap. Don't be an early bird, you'll regret it.
    Please, somebody shoot the messenger!

  3. #263
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    Quote Originally Posted by neno View Post
    Finally, after all the mess tonight with the Hacking and the Porno Freak. I can finally put this together. Here we go.

    My freind and I chatted Today for awhile. then we went into the numbers coming. He says that the markets are moving CBI's rate exchange. They either have no choice or this is their plan for it to be this way. Anyways, when the market opens Sunday at what ever, he says by Tuesday it will be around 1268or lower.

    Now, I ask him what is he going bye since he has been so close each time. He says it is easy, when you are doing buisness there. I guess we are not that good of freinds yet for he to elaborate. So I didn't push on that one, cuase I wanted to push some other buttons tonight. But I will push that one later.

    I ask him about the big move he mentioned to me before about not until June07. Again we got into static. And he kept saying January. Anyway we finally got it clear enough that he new I meant June from before. Then he said it will on January 15th 1000:1 and it will take some time to get to the 1:1

    I said so that was for June07 the talk, of, if I owned a million I would be a millionair by June07. Again he says yes. But this time I since that he maybe thinking alot sooner than that. But he told me he had to go and we would talk about numbers again after the 15th. I said ok and he said right before we hung-up to keep watching those markets, they are cuasing the CBI to have to adjust.

    Ok "Gang", that is my report for now. Probably want be chatting with him again until after the 15th. Lets see how close he gets this time too.


    I have been thinking abou this. I and many others would like to see a big increase in the exchange rate at once.

    Imagine it won't be, but increasing the rate by demand and supply.

    So, imagine that the rate would be 1260 on the 9th. Then till the 15th there are 4 auctions and the rate would be 1000:1. That means an increase of 65 dinars average per auction.

    By dropping that rate like the world has more and more attention to the dinar, they already has! So there would only be more demand for the dinar and as we have read, it is very difficult to buy anymore.

    So the dinar would only increase in value very fast, I think.

    Now if we continue the line of 65 dinar points average per auction then we are on a 1:1 level in the second week of february I think.

    But if the demand goes further and further and very fast, because also HCL/FIL/ICI will be enacted then, the rate can increase much faster.

    So, maybe we can think about the end of January than!

    Well, just an opinion and it can only get better from next week on!
    "There is a paragraph about investment in this year's budget which provides for having the Iraqi dinar as the main currency in the 2007 budget," Sulagh said (Minister of Finance).

    The head of the Research and Statistics, Dr. Mohamed Saleh:
    The rate of 75% of the real exchange rate of the dollar to improve...

  4. #264
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    Quote:
    Originally Posted by neno
    Finally, after all the mess tonight with the Hacking and the Porno Freak. I can finally put this together. Here we go.

    My freind and I chatted Today for awhile. then we went into the numbers coming. He says that the markets are moving CBI's rate exchange. They either have no choice or this is their plan for it to be this way. Anyways, when the market opens Sunday (January 7th) at what ever, he says by Tuesday (January 9th) it will be around 1268 or lower.

    I ask him about the big move he mentioned to me before about not until June 07. Again we got into static. And he kept saying January. Anyway we finally got it clear enough that he new I meant June from before. Then he said it will on January 15th 1000:1 and it will take some time to get to the 1:1 (one dinar = one dollar)

    I said so that was for June 07 the talk, of, if I owned a million I would be a millionair by June 07. Again he says yes. But this time I since that he maybe thinking alot sooner than that. But he told me he had to go and we would talk about numbers again after the 15th. I said ok and he said right before we hung-up to keep watching those markets, they are cuasing the CBI to have to adjust.

    Ok "Gang", that is my report for now. Probably want be chatting with him again until after the 15th. Lets see how close he gets this time too.



    Quote Originally Posted by Par77 View Post
    1000:1 by January 15th and 1:1 by June 15th. Millionairs by June 15th Neno, Isn't this what your friend said? That's what I get out of this and I am keeping it
    I am wondering if Neno will ask his friend next time how they plan on keeping their economy going if the reports we are receiving from Iraq and other parts of the world lncluding the US, of the dinar becoming harder and harder to get. How are they going to operate an economy with the dinar supply dried(ing) up?

    According to Wm Knowles, once the dinar appreciates above a 10% increase in value, the big boys will wake up and start buying. This added to the fact of all of the foreign govts and multinational corps flooding into Iraq and soaking up all the dinars so they can operate their oil operations in country, plus the US signalling that they are going to flood Iraq with cash this year, where do they think all of the dinars are going to come from at less than 1/10 of a cent each?

    One think I can tell you for a fact is, they aren't coming from me!!! or anyone else that has two brain cells still connected and functioning. If they are serious about bring their country from ruin to the 21st century, they are going to have to boldly adjust their currency now so they can get the work done in their country that needs to be done. I don't know if they have 6 more months of the dripping faucet raising the value of the dinar secnario left. More and more people are holding and fewer people will be selling until they feel it is worth it. News Flash!!! Hey Iraq we notice you are raising the value of your currency, we know it is pathetically undervalued, thanks for giving us so much more time to accumulate more dinars so we can cash in bigger when the time comes! I hope they (the indirect investors) are thinking at least .27 to .30 range before they start cashing in. Hopefully this will accomplish what Iraq wants, flushing out some of the indirect investors dinars while at the same time acquiring some more dinar so they can function as a country. Time will tell. We'll just have to wait and see.

    I agree with what Wm Knowles stated earlier, words to the effect that the cbi has created for themselves a sort of dilema, an increased demand for dinars while the supply is drying up faster than the space shuttle reaching orbit velocity. They painted themselves into a corner, now lets see how they get themselves out. Obviously the proper way would be through a bold adjustment up in their exchange rate. Everyone sees this even the blind man down the street . Question is what are the Iraqis going to do about it?

    Their track record so far to date is never failing to miss an opportunity to do the right thing at the right time. I say it is time to break their losing streak and do the right thing (at the right time) for once and r/v their dinars in a bold and decisive way!!!! Quit stopping to pick up pennies (or hundreths of a cent dinars) when you are passing up dollars everywhere else. For heavens' sake Iraq, quit facking around and r/v your currency!!!!

    worf
    Are we there yet? I'm getting really tired of waiting and I am getting wet from all of the dribbling. Come on you know it is the right thing to do for your country. R/V the thing in 1 large dramtic move to over 1 usd at least (1 sdr will be fine for a start) will ya?

  5. #265
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    Quote Originally Posted by worf View Post
    Quote:
    Originally Posted by neno
    Finally, after all the mess tonight with the Hacking and the Porno Freak. I can finally put this together. Here we go.

    My freind and I chatted Today for awhile. then we went into the numbers coming. He says that the markets are moving CBI's rate exchange. They either have no choice or this is their plan for it to be this way. Anyways, when the market opens Sunday (January 7th) at what ever, he says by Tuesday (January 9th) it will be around 1268 or lower.

    I ask him about the big move he mentioned to me before about not until June 07. Again we got into static. And he kept saying January. Anyway we finally got it clear enough that he new I meant June from before. Then he said it will on January 15th 1000:1 and it will take some time to get to the 1:1 (one dinar = one dollar)

    I said so that was for June 07 the talk, of, if I owned a million I would be a millionair by June 07. Again he says yes. But this time I since that he maybe thinking alot sooner than that. But he told me he had to go and we would talk about numbers again after the 15th. I said ok and he said right before we hung-up to keep watching those markets, they are cuasing the CBI to have to adjust.

    Ok "Gang", that is my report for now. Probably want be chatting with him again until after the 15th. Lets see how close he gets this time too.





    I am wondering if Neno will ask his friend next time how they plan on keeping their economy going if the reports we are receiving from Iraq and other parts of the world lncluding the US, of the dinar becoming harder and harder to get. How are they going to operate an economy with the dinar supply dried(ing) up?

    According to Wm Knowles, once the dinar appreciates above a 10% increase in value, the big boys will wake up and start buying. This added to the fact of all of the foreign govts and multinational corps flooding into Iraq and soaking up all the dinars so they can operate their oil operations in country, plus the US signalling that they are going to flood Iraq with cash this year, where do they think all of the dinars are going to come from at less than 1/10 of a cent each?

    One think I can tell you for a fact is, they aren't coming from me!!! or anyone else that has two brain cells still connected and functioning. If they are serious about bring their country from ruin to the 21st century, they are going to have to boldly adjust their currency now so they can get the work done in their country that needs to be done. I don't know if they have 6 more months of the dripping faucet raising the value of the dinar secnario left. More and more people are holding and fewer people will be selling until they feel it is worth it. News Flash!!! Hey Iraq we notice you are raising the value of your currency, we know it is pathetically undervalued, thanks for giving us so much more time to accumulate more dinars so we can cash in bigger when the time comes! I hope they (the indirect investors) are thinking at least .27 to .30 range before they start cashing in. Hopefully this will accomplish what Iraq wants, flushing out some of the indirect investors dinars while at the same time acquiring some more dinar so they can function as a country. Time will tell. We'll just have to wait and see.

    I agree with what Wm Knowles stated earlier, words to the effect that the cbi has created for themselves a sort of dilema, an increased demand for dinars while the supply is drying up faster than the space shuttle reaching orbit velocity. They painted themselves into a corner, now lets see how they get themselves out. Obviously the proper way would be through a bold adjustment up in their exchange rate. Everyone sees this even the blind man down the street . Question is what are the Iraqis going to do about it?

    Their track record so far to date is never failing to miss an opportunity to do the right thing at the right time. I say it is time to break their losing streak and do the right thing (at the right time) for once and r/v their dinars in a bold and decisive way!!!! Quit stopping to pick up pennies (or hundreths of a cent dinars) when you are passing up dollars everywhere else. For heavens' sake Iraq, quit facking around and r/v your currency!!!!

    worf

    Hallalujah to that Worf!

    Great post.

    They can't ****-neno around all the time. I remember Maliki saying in september that by the end of the month the Investment Law would be enacted.

    Duhh, it still isn't enacted. Time is running out and 6 month to get to a level of 1:1 looks suicidal to me.

    This thing has to increase quickly. Or with a bold adjust (what I hope) or increasing to 1:1 by the end of January.

    No later for me.

    I am ready to retire so let them hurry up!!



    I need the Curse words that are missing letters to stop as well. This is for all. I have said this more than Once. ALL Please heed the warning. -neno
    Last edited by neno; 05-01-2007 at 12:05 AM.
    "There is a paragraph about investment in this year's budget which provides for having the Iraqi dinar as the main currency in the 2007 budget," Sulagh said (Minister of Finance).

    The head of the Research and Statistics, Dr. Mohamed Saleh:
    The rate of 75% of the real exchange rate of the dollar to improve...

  6. #266
    Member RockyBB's Avatar
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    Hey yo Kiko:
    I agree with you on this. There is no June date. It will never wait that long. I don't no why everyone is thinking June or where it came from. Not gonna happen, never never never. It's already taken on a mind of it's own. Sit back and watch.

    Rocky...


    Rocky...

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    I agree. Over the last six months I have been so frustrated with the Iraqi news saying one thing and then doing another (or not doing). I can only imagine what the Iraqi people must be going through.

    I can't see a June 1:1 it just seems they would be losing so much to wait another 6-months. It has been stated time and again that if the Iraqi's had more buying power that it would dramatically curb the violence so, the longer they wait the more people are dieing for know good reason.
    “Don't be distracted by criticism. The only taste of success some people have, is when they take a bite out of you.”

    Got woOOot?

  8. #268
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    Quote Originally Posted by kiko View Post

    I have been thinking abou this. I and many others would like to see a big increase in the exchange rate at once.

    Imagine it won't be, but increasing the rate by demand and supply.

    So, imagine that the rate would be 1260 on the 9th. Then till the 15th there are 4 auctions and the rate would be 1000:1. That means an increase of 65 dinars average per auction.

    By dropping that rate like the world has more and more attention to the dinar, they already has! So there would only be more demand for the dinar and as we have read, it is very difficult to buy anymore.

    So the dinar would only increase in value very fast, I think.

    Now if we continue the line of 65 dinar points average per auction then we are on a 1:1 level in the second week of february I think.

    But if the demand goes further and further and very fast, because also HCL/FIL/ICI will be enacted then, the rate can increase much faster.

    So, maybe we can think about the end of January than!

    Well, just an opinion and it can only get better from next week on!
    actually, they enact that fil and hcl and contracts will be drawn up for the then current price of the dinar. if it isnt high enough at that time they are buying in pretty dang cheap. i see it raising to the 1:1 or higher BEFORE those two are enacted.
    JULY STILL AINT NO LIE!!!

    franny, were almost there!!

  9. #269
    Can read but not post. motomachi's Avatar
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    Default 1:1 soon!

    Quote Originally Posted by neno View Post
    Finally, after all the mess tonight with the Hacking and the Porno Freak. I can finally put this together. Here we go.

    My freind and I chatted Today for awhile. then we went into the numbers coming. He says that the markets are moving CBI's rate exchange. They either have no choice or this is their plan for it to be this way. Anyways, when the market opens Sunday at what ever, he says by Tuesday it will be around 1268or lower.

    Now, I ask him what is he going bye since he has been so close each time. He says it is easy, when you are doing buisness there. I guess we are not that good of freinds yet for he to elaborate. So I didn't push on that one, cuase I wanted to push some other buttons tonight. But I will push that one later.

    I ask him about the big move he mentioned to me before about not until June07. Again we got into static. And he kept saying January. Anyway we finally got it clear enough that he new I meant June from before. Then he said it will on January 15th 1000:1 and it will take some time to get to the 1:1

    I said so that was for June07 the talk, of, if I owned a million I would be a millionair by June07. Again he says yes. But this time I since that he maybe thinking alot sooner than that. But he told me he had to go and we would talk about numbers again after the 15th. I said ok and he said right before we hung-up to keep watching those markets, they are cuasing the CBI to have to adjust.

    Ok "Gang", that is my report for now. Probably want be chatting with him again until after the 15th. Lets see how close he gets this time too.
    Great, with the news popping all over, storms through GA GA-land, guys trying to get a truck through the Miami Port, where they are loading five cruise liners! Tanker-trucks that normally do not do last minute trips were called to the port, maybe we are looking for something big happening all over the place! GB news stating that our sister country might take out Iran with a tactical "N"... Maybe, just maybe, the One for One might be coming up in January 2007?

    Now they just closed the Port of Miami!

    Red flag
    , two other guys found in the truck driven by an Iraqi driver, interesting!

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  11. #270
    Investor jedi17's Avatar
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    Quote Originally Posted by neno View Post
    Finally, after all the mess tonight with the Hacking and the Porno Freak. I can finally put this together. Here we go.

    My freind and I chatted Today for awhile. then we went into the numbers coming. He says that the markets are moving CBI's rate exchange. They either have no choice or this is their plan for it to be this way. Anyways, when the market opens Sunday at what ever, he says by Tuesday it will be around 1268or lower.

    Now, I ask him what is he going bye since he has been so close each time. He says it is easy, when you are doing buisness there. I guess we are not that good of freinds yet for he to elaborate. So I didn't push on that one, cuase I wanted to push some other buttons tonight. But I will push that one later.

    I ask him about the big move he mentioned to me before about not until June07. Again we got into static. And he kept saying January. Anyway we finally got it clear enough that he new I meant June from before. Then he said it will on January 15th 1000:1 and it will take some time to get to the 1:1

    I said so that was for June07 the talk, of, if I owned a million I would be a millionair by June07. Again he says yes. But this time I since that he maybe thinking alot sooner than that. But he told me he had to go and we would talk about numbers again after the 15th. I said ok and he said right before we hung-up to keep watching those markets, they are cuasing the CBI to have to adjust.

    Ok "Gang", that is my report for now. Probably want be chatting with him again until after the 15th. Lets see how close he gets this time too.
    to get to 1268 by the next auction will be the biggest jump yet. after all the auctions sine they started with this re-value plan, they take approx. 4 dinar/ auction, this is the average. to get to 1260 with this average will take approx. 14 more days. however, i like your rumour neno, and your source has been pretty damn close....so lets see what today brings....aution will be posted in the next few hours.
    TONIGHT IS THE NIGHT....IF NOT....THEN TOMORROW NIGHT...OR MAYBE THE NIGHT AFTER

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