Thread: A possible RV Date!!!

Originally Posted by DesertWolf

I have only been following this web site for a few months now. However, I have noticed that this section is well named…

Most of the information that I have received comes from sources in Iraq and/or from contacts between the two. This aside, I have heard higher RV amounts with what I would label a rumor that after the RV that there will be a 4% freeze on the ID for the 1st year. If this is true it would kill any rally like the Kuwaiti Dinars.

Right now we have a pool (buy in is $500 each) for this month. Winner takes all if the RV goes through. I for one would love to lose the $500 just to have them come home to mama this month!

DesertWolf

Hey Desertwolf,

Would you care to expound on the idea from your post that I have highlighted in red? Exactly how would that work? I don't believe I have heard that theory before. Thanks.

TT

TT,

Lets set up a sample RV of the ID at $1.00 USD per 1 ID. This would freeze for one year the amount that the set price could rise/lower for one year. A low of $.96 to a high of $1.04. For myself I don’t like any kind of freeze of this kind.

DesertWolf

Originally Posted by papa02

June 10th, 2007 would work for me Deepfreeze. Our 35th wedding anniversary. We could really celebrate.

Congrats on the 35..you must have a good one. If I add up all three I will have 21 years. It took me awhile to find a good one......I am keeping this one, she works for a lawyer....they give free divorces away to their employees as a fringe benefit. She would probably clean my clock..

Originally Posted by DesertWolf

I have only been following this web site for a few months now. However, I have noticed that this section is well named…

Most of the information that I have received comes from sources in Iraq and/or from contacts between the two. This aside, I have heard higher RV amounts with what I would label a rumor that after the RV that there will be a 4% freeze on the ID for the 1st year. If this is true it would kill any rally like the Kuwaiti Dinars.

Right now we have a pool (buy in is $500 each) for this month. Winner takes all if the RV goes through. I for one would love to lose the $500 just to have them come home to mama this month!

DesertWolf

For you to be hearing information such as a freeze or amounts on the R/V, you must be getting your information from some one that is position to get this info., not just street talk. Can you say from what level you are getting this info. from????

Originally Posted by DesertWolf

TT,

Lets set up a sample RV of the ID at $1.00 USD per 1 ID. This would freeze for one year the amount that the set price could rise/lower for one year. A low of $.96 to a high of $1.04. For myself I don’t like any kind of freeze of this kind.

DesertWolf

Well that sounds like a "Peg" scenario, which is very possible/probable and one reason why they would want to set the rate up where it belongs historically..

Originally Posted by DesertWolf

Right now we have a pool (buy in is $500 each) for this month. Winner takes all if the RV goes through. I for one would love to lose the $500 just to have them come home to mama this month!

DesertWolf

Who gets the money if there's no RV?

And who in their right mind would spend $500 in a pool like this? I would guess only those who are wealthy already.

Good luck, I hope you win!!!!!!

If the RV is in June-07, we ALL win, just most of us in the pool (if no RV, no money paid out) will be $500. shorter. Small price to pay for a June RV!

DesertWolf

As I have maintained a few times before, the RV started a few months back. To see the rate we are all expecting to see in the form of an overnight RV, it will be at least middle of 2008 or late 2008 even. I've picked the following thoughts from someone else as I wish I could express the opinions in such a pragmatic manner!

Oil in the ground and an RV have nothing to do with each other. The ISX and an RV have nothing to do with each other. The thought that an overnight RV will make everything better without anything to back the RV is not valid. An overnight RV of $.01 USD would most likely bankrupt the country at this moment, cause high inflation, and of course, a run on the CBI with speculators cashing out. The ISX will open to foreign investment without an RV. In the U.S.A., there have always been penny stocks but that didn't mean that those companies could be bought for pennies. In all actuality, the stocks you hold right now will NEVER be at these prices again. What we look at as 1/10 of a penny stocks will soon be trading at nickels, dimes, quarters, and eventually dollars. These companies did not put ALL of their stocks up for sale. Each company or bank has millions and millions of shares in their possession which will go up in value with your shares. This is nothing new - Vietnam and Zimbabwe both had stock markets that started like this, both have currencies with horrible exchange rates (Vietnam undervalued), and yet, their stock markets opened to foreign investors without a RV. With all the prosperity Vietnam has had with their stock market (and economy), they have still NOT had any RV - why, because in their own words - they are trying to keep a tight grip on inflation.

As I have maintained a few times before, the RV started a few months back. To see the rate we are all expecting to see in the form of an overnight RV, it will be at least middle of 2008 or late 2008 even. I've picked the following thoughts from someone else as I wish I could express the opinions in such a pragmatic manner!

Quote:
Oil in the ground and an RV have nothing to do with each other. The ISX and an RV have nothing to do with each other. The thought that an overnight RV will make everything better without anything to back the RV is not valid. An overnight RV of $.01 USD would most likely bankrupt the country at this moment, cause high inflation, and of course, a run on the CBI with speculators cashing out. The ISX will open to foreign investment without an RV. In the U.S.A., there have always been penny stocks but that didn't mean that those companies could be bought for pennies. In all actuality, the stocks you hold right now will NEVER be at these prices again. What we look at as 1/10 of a penny stocks will soon be trading at nickels, dimes, quarters, and eventually dollars. These companies did not put ALL of their stocks up for sale. Each company or bank has millions and millions of shares in their possession which will go up in value with your shares. This is nothing new - Vietnam and Zimbabwe both had stock markets that started like this, both have currencies with horrible exchange rates (Vietnam undervalued), and yet, their stock markets opened to foreign investors without a RV. With all the prosperity Vietnam has had with their stock market (and economy), they have still NOT had any RV - why, because in their own words - they are trying to keep a tight grip on inflation.

I would like so more input on this please.

This scenario has occurred to me before. What about the other countries that have a very low exchange rate and are still able to have an open stock exchange w/o being bought up by foreign investors?

How is Iraq different?

The goal of returning to previous value by 2010 and the goal of 1260:1 already being reached and the 1000:1 goal keep coming back to me. Could they possibly be on the up and up with these statements?

If anyone could refute the above quote it would be very welcome. I know this has been rehashed again and again, but what will once more hurt?

I do trust those on this forum who are way more knowledgeable than myself,(which is just about everyone here) but am in need of more encouragement for a soon to come rv. I love the rumors, but facts sure are nice and reassuring.

Originally Posted by readytogo

As I have maintained a few times before, the RV started a few months back. To see the rate we are all expecting to see in the form of an overnight RV, it will be at least middle of 2008 or late 2008 even. I've picked the following thoughts from someone else as I wish I could express the opinions in such a pragmatic manner!

Quote:
Oil in the ground and an RV have nothing to do with each other. The ISX and an RV have nothing to do with each other. The thought that an overnight RV will make everything better without anything to back the RV is not valid. An overnight RV of $.01 USD would most likely bankrupt the country at this moment, cause high inflation, and of course, a run on the CBI with speculators cashing out. The ISX will open to foreign investment without an RV. In the U.S.A., there have always been penny stocks but that didn't mean that those companies could be bought for pennies. In all actuality, the stocks you hold right now will NEVER be at these prices again. What we look at as 1/10 of a penny stocks will soon be trading at nickels, dimes, quarters, and eventually dollars. These companies did not put ALL of their stocks up for sale. Each company or bank has millions and millions of shares in their possession which will go up in value with your shares. This is nothing new - Vietnam and Zimbabwe both had stock markets that started like this, both have currencies with horrible exchange rates (Vietnam undervalued), and yet, their stock markets opened to foreign investors without a RV. With all the prosperity Vietnam has had with their stock market (and economy), they have still NOT had any RV - why, because in their own words - they are trying to keep a tight grip on inflation.

I would like so more input on this please.

This scenario has occurred to me before. What about the other countries that have a very low exchange rate and are still able to have an open stock exchange w/o being bought up by foreign investors?

How is Iraq different?

The goal of returning to previous value by 2010 and the goal of 1260:1 already being reached and the 1000:1 goal keep coming back to me. Could they possibly be on the up and up with these statements?

If anyone could refute the above quote it would be very welcome. I know this has been rehashed again and again, but what will once more hurt?

I do trust those on this forum who are way more knowledgeable than myself,(which is just about everyone here) but am in need of more encouragement for a soon to come rv. I love the rumors, but facts sure are nice and reassuring.

Yeah, well, unfortunately NO ONE knows anything for certain, so guess and wish all you like...over think this whole goofy process till you are blue in the face if you like. It just doesn't matter. Even the smartest, most experienced currency investor/speculators will tell you...NO ONE KNOWS...most likely includes the GoI too!

As for the re-Val and some more encouragement, I know exactly what you mean. I would love some too. Anyone? Bueller? It seems reasonable that they need to do something REAL soon. I like the idea that there are threats of possible strikes! People telling the GoI to snap snap is reassuring.

Here's a thought though...
If the 11+ trillion that has been bought back at the daily auctions is REALLY and FOR CERTAIN being taken OUT OF CIRCULATION, then in my mind an reval is for sure and imminent (soon). The "taken out of circulation" part is key here. If that is happening AND they are making all these financial promises...pension law, raises, etc... a reval MUST happen. Also, I think that if they did not intend to have a sudden reval, they would just LOP the dinar and be done with it. So, if they are actually removing the auction purchased dinar from CIRCULATION, a LOP is not conceivable. Just my take.