Thread: Economic point of view about RV

Is an RV based on Political or Economic events?

Join Date: Mar 2007
Posts: 21



Economic point of view about RV
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Lifted this from another site...Sooo sorry. I think, based on this that Iraq has all of the economic fundamentals to RV its currency. Since its worth is about 12.68 dinar to the US penny, its way too cheap. Thank You

People belive that a number of laws must be passes so that there must be an RV. I for one think that laws help create sistems but the executive branch of iraq is the one in charge of implementing them. This is a very interesting find about an economic outlook of the country instead of a legal one:


Comments from a PhD of International Economics:
There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.

The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.

Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal

Iraq must work better on its safety issues so that it will bring more oil companies to do business in their region. People dont get me wrong i strongly belive it will RV but parliment will have little or nothing to do with it.

most intelligent post i have read in a while

I agree roninjotown.

Originally Posted by Wm.Knowles

Is an RV based on Political or Economic events?

Join Date: Mar 2007
Posts: 21



Economic point of view about RV
------------------------------------------------------------------------
Lifted this from another site...Sooo sorry. I think, based on this that Iraq has all of the economic fundamentals to RV its currency. Since its worth is about 12.68 dinar to the US penny, its way too cheap. Thank You

People belive that a number of laws must be passes so that there must be an RV. I for one think that laws help create sistems but the executive branch of iraq is the one in charge of implementing them. This is a very interesting find about an economic outlook of the country instead of a legal one:


Comments from a PhD of International Economics:
There are two conditions necessary for a country's currency to rebound after losing a war. The first is world support. This usually includes a commitment of rebuilding the country's infrastructure and forgiving their debt.

The second condition requires the country to have sufficient internal resources and the ability to put them into the market place. Iraq is the land between the two rivers and is renown to be the breadbasket of the Mid-east. They have large oil production ability and the world's largest untapped oil resources. Oil production is at its' peak with oil demand still growing at 4% annual worldwide. China and India's oil usage is growing at 10% annually. Any country that produces an oil surplus for export will have a large trade surplus. The demand for their currency to purchase the oil will escalate the value for their currency.

Keith Laggos, PhD.
President & Publisher
Network Marketing Business Journal

Iraq must work better on its safety issues so that it will bring more oil companies to do business in their region. People dont get me wrong i strongly belive it will RV but parliment will have little or nothing to do with it.

Bravo, Mr. Knowles. This is why the CBI has been buying up dinar. Once it is on the open market...look out imo!

If you go to the news thread you'll see that this Phd fella is a scammer. His view should probably not be trusted. just FYI

Originally Posted by boxmama

If you go to the news thread you'll see that this Phd fella is a scammer. His view should probably not be trusted. just FYI

Every business and business owner is a scammer!!!(at least according to the internet) You can find bad info about anyone on the internet.

Nice post. I agree that it is definately not reliant on politics alone. We are know world support is happening, hence the Dinar sales. Making Iraq a safer place, I totally agree with that. I can see that building the economy just like you say.

The CBI is no different than our FED or any country's Central Bank. They are in trusted to run the economy in a manner to keep it whole and stable. The problem is politicians will do and say things to swade the bank to do things favorable for certain segments of the country, if not themselves. The true grade of a central bank is how well they resist pressure from outside forces to make changes favorable to these interests. A prime example is here in the U.S. I am sure the housing industry would love a lowering of the prime rate but by duing so could increase inflation. As housing is currently suffering from lack of sales by far inflation would be a much greater threat to the economy. The Fed chairman and the board of governers read the papers and hear daily from those that have a vested interst in the housing market but must resist the pressure to do anything that would hurt the overall economy. Now we can argue all day as to whether the Fed has held rates up too long but the circumstance is valid. My guess the CBI is under tremendous prussure to return the dinar to prior 2003 levels. I can't imagine how they have stood it this long. Then to add to all that the CBI is building a new economy which started with a new unstable and thought worthless currency. But resist they must and have done a great job so far with little to no help from the PM or Parliment.

Also I would like to pass on my thought about something I read in another post. It had to deal with a stable dinar and the rv. The concern was that in an article it was mentioned that the CBI will do what it must to keep the dinar stable. The poster thought that meant keep it at the current rate and was bummed out by this. To the contrary, it is my impreesion that the dinar must be stable prior to an rv. There could be a terrible problem rving a currency that was not stable to begin with. So I think the dinar is where it should be and all the talk about keeping the dinar stable is very good for us. Unstable currency with super inflation is a canidate for the dreaded lop. Not so the dinar. Please fell free to correct my thinking.

Anyone peddling anything is a scammer; not just on the internet. Anyone Rich should be jailed, right? Okay, no I don't feel that way, just had to say it because I hear all the time statements by people who hate the Rich or don't think anyone should buy anything from anyone except corporate stores.

Amazing world we live in. I wonder if any of them bought Dinar's from a broker?

Yes, the Dinar must be kept stable, but I wonder about all the political reterick here in the US since it is election time again. Iraq is as I said it would be three years ago; a pawn to use for election purposes. I wonder if it makes the Iraqi's a little nervous?

Zephyr

Keith Laggos
MoneyLosersMonthly.com
Network Marketing Business Journal
Scamming the S.E.C.

Still Up to the Same Old Tricks...
Keith Laggos - Scamming the S.E.C.



WWSN Note: Keith Laggos, publisher of the NMBJ.com Network Marketing Business Journal (formerly known as "Money Makers Monthly"), was recently convicted by the S.E.C. for violations of the Securities Exchange Act of 1933. One of the charges included:
"...Laggos' Money Maker's Monthly published a laudatory article concerning TeleWrx in its July 2002 issue. The complaint alleges that Laggos was compensated by Converge and/or TeleWrx, in both stock and cash, for issuing the above-mentioned press releases and article."
S.E.C. Charges Against Keith Laggos
This has been Laggos' modus operandi all along - he represents his publication as a leading news and information source for the network marketing industry. Then he sells laudatory stories and reports under the headings of "Company of the Month", "Product of the Month", and so on, to anyone willing to pony up the cash. An earlier incident involving $25,000 is described in details here:
The Money Maker's Monthly Client List - A Police Line-up at the FTC
As you can see from the recently received e-mail printed below, the S.E.C. doesn't scare Keith Laggos for a second and he is still up to his same old tricks. Anyone got a phone number of a contact down at the S.E.C.?

Selling Influence on the Internet

Hello, My name is [name withheld], I am the Vice President of [name withheld], an online MLM [service] provider. Our company (not knowing the NMBJ's reputation) recently inquired about advertising in the NMBJ. A Randy Duncan (with whom I was speaking on the phone) told me that the President of the magazine would like to meet with myself and my partners to discuss a strategic partnership. He wanted to offer integrated marketing solutions to his advertiser and have us generate him leads and provide an Autoresponder for them as well, all in exchange for $2000 a month in advertising. We agreed to meet with him here in our home state, as he was already coming here for vacation. That's when it all went sour. Keith Laggos was trying to sell us a LAUDATORY EDITORIAL called provider of the month for $10,000, BEFORE he would even allow us to sign any strategic partnership agreement. He needed to "build up our reputation before risking his". We sat out our meeting with our jaws clenched, and went home to do some research. The first thing I found was your site, followed by an S.E.C. report on Keith Laggos' PRIOR conviction, which detailed his being enjoined from ever violating Section 17(b) of the Securities act of 1933 again. Is that not what he was trying to do? What is this guy thinking?

U.S. Securities and Exchange Commission

LITIGATION RELEASE NO. 18887 / September 16, 2004

SEC CHARGES FLORIDA-BASED CONVERGE GLOBAL, INC. AND ITS CEO WITH FRAUD

SECURITIES AND EXCHANGE COMMISSION v. CONVERGE GLOBAL, INC. (United States District Court for the Southern District of Florida, No. 04-80841 (CIV-Middlebrooks) (D. So. Fla.)

The Commission announced that, on September 2, 2004, it filed a civil fraud action in federal district court in Florida against Converge Global, Inc., a Boca Raton-based telecommunications company, and Michael P. Brown, also of Boca Raton and its CEO. Also named in the action were TeleWrx, Inc., Converge's sole subsidiary, Jonathan G. Fink, of Los Angeles and a purported consultant to Converge and Keith B. Laggos, of Homer Glen, Illinois and the owner and publisher of Money Maker's Monthly, an Illinois-based magazine.
The Complaint alleges, among other things, that Converge and TeleWrx jointly issued a press release on Monday, June 24, 2002 which falsely claimed in the headline that, as the result of its recent weekend "national launch," TeleWrx had raised "over $1 million." The release also falsely claimed that, as a result of the weekend "launch," TeleWrx had signed up "nearly 1,000 distributors" (to distribute its telecommunications equipment). The Complaint further alleges that Brown and Fink were responsible for drafting and issuing the false June 24 press release. The Complaint also alleges that, on Tuesday, June 25, Laggos' Money Maker's Monthly issued a press release with the headline "TeleWrx Explosive Launch May Set New Records" and reiterating the $1 million figure used in the June 24 press release. The June 25 release went on to note that "[t]here have been companies in the network marketing industry that have reached a billion dollars faster than Microsoft. TeleWrx is destined to be one of these companies." The June 25 release also predicted that "y the end of its first year, it will be a surprise if TeleWrx is not operating at a hundred million dollar annual rate. In fact it is quite possible that TeleWrx will reach the billion dollar rate within the first three years." Fifteen days earlier, on June 10, Laggos' Money Maker's Monthly had issued another laudatory press release concerning TeleWrx. Finally, Laggos' Money Maker's Monthly published a laudatory article concerning TeleWrx in its July 2002 issue. The Complaint alleges that Laggos was compensated by Converge and/or TeleWrx, in both stock and cash, for issuing the above-mentioned press releases and article. Laggos failed to disclose said compensation in any of the aforementioned publications.
As a result of the conduct described in the Complaint, the Commission has charged Converge, TeleWrx, Brown and Fink with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder (antifraud provisions) and Laggos with violations of Section 17(b) of the Securities Act of 1933 (touting provision). The Commission's Complaint seeks: permanent injunctions and civil monetary penalties against all of the proposed defendants; disgorgement against Laggos; penny stock bars against Brown, Fink and Laggos; and an officer and director bar against Brown. The matter has been assigned to the Honorable Donald M. Middlebrooks, District Court Judge.


Converge Global, Inc. : Lit. Rel. No. 18887 / September 16, 2004
[b]Home Previous PageModified: 09/16/2004

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