Thread: Rates, Dates, & Fates.

Originally Posted by danny51

Actually...Saddam's primary motivation in attacking Kuwait was to regain control of the seaports that used to be part of Iraq before Kuwait broke away and became an independent state.

and kuwait tells a differnt side of that story..

Kuwait demanded the money that was loaned to saddam during the iran/iraq war. And when the demand for payment was made ( something like 90bil )

saddam said im not paying you and invaded

Originally Posted by RollsRoyce

And they are not dealing with their politician buddies here . . . you can only tell so much dung to a bunch of guys with pipe wrenches in their hands . . . THAT IS KEY!!! . .

Best to all, again . . . RR . . .

And every guy with a pipe wrench is now looking down the barrel of about ten AK-47s....my money is on the AKs.

Originally Posted by Lunar

And every guy with a pipe wrench is now looking down the barrel of about ten AK-47s....my money is on the AKs.

The leaders of the strike were promised some jail time if the strike took place. The creating of the committee was eye wash so outsiders would not claim the government was being heavy handed. 200,000 aks' vs. 50,000 pipe wrenches does seem to be a little one way, doesn't it. Also remember the crime bosses also depend on the oil. It has to be out of the ground before they can steal it. (lol)

Originally Posted by Seaview

Not a chance.

Originally Posted by doublescorpio

not a chance for what..the HCL, the ISX going live, or the reval??

Not a chance that the good mood of this thread will last. There's one in every bunch.

Originally Posted by Spoiledred

That rate was when Hussain was in power and I dont think the Dinar was on the open market for trade. So was it really worth $3.22? Only in Suddams mind. Now to RV at what is comperable to KD and be tradeable now thats talking! $3.45 Lets see that and be legal!

actually, since then they have found the stockpile of gold that saddam had in switzerland to back every bit of that rate in the dinar. mysteriously some of that gold disappeared soon after they discovered it so i suspect an inside job.

Originally Posted by shotgunsusie

actually, since then they have found the stockpile of gold that saddam had in switzerland to back every bit of that rate in the dinar. mysteriously some of that gold disappeared soon after they discovered it so i suspect an inside job.

SHHHHHHHHHHHHHHHHH don't tell anybody, HEHEHHEEHHEHEHE!

Originally Posted by Bubba Dinar

One thing!! They wouldn't have to get 85% of IMF members approval if the go back to the Legal Rate since its already in place! The IMF already has $3.22 on its Books as the Legal Rate as well as the CBI...

You need to understand the IMF policies. First, the CBI would need to submit a Letter of Intent stating the desire to move away from the exchange rate/"defacto peg" and secondly, regardless of whether they are moving to a previous rate or not the CBI is setting a par value for its currency. Under Schedule C of the Articles of Agreement the par value would indeed need 85% approval of the member countries.

Originally Posted by jpadrino

Not a chance that the good mood of this thread will last. There's one in every bunch.

My post was an opinion regarding a reval at $.322. This particular thread asked for predictions and is about opinions not rumours. I am quite within my rights to state it according to the strict new TOS imposed.

Bearing in mind the foul mouth you have bought to this forum in the past I don’t believe you have any right to sit in judgement.

Should you choose to criticize my opinion in the future just because you don’t like it with little or no substance pertaining to it – you are in breach of the strict TOS imposed and I’ll report you to the mod’s myself.

Originally Posted by EJAMM

You need to understand the IMF policies. First, the CBI would need to submit a Letter of Intent stating the desire to move away from the exchange rate/"defacto peg" and secondly, regardless of whether they are moving to a previous rate or not the CBI is setting a par value for its currency. Under Schedule C of the Articles of Agreement the par value would indeed need 85% approval of the member countries.

thanks for the insite on this appreciate your view!

Originally Posted by Seaview

My post was an opinion regarding a reval at $.322. This particular thread asked for predictions and is about opinions not rumours. I am quite within my rights to state it according to the strict new TOS imposed.

Bearing in mind the foul mouth you have bought to this forum in the past I don’t believe you have any right to sit in judgement.

Should you choose to criticize my opinion in the future just because you don’t like it with little or no substance pertaining to it – you are in breach of the strict TOS imposed and I’ll report you to the mod’s myself.

Chill out dude! Keep givin' your opinion and "Don't worry, be happy!"