Thread: Iraqi vs Kwaiti RV?

What are the differences between the post war Kuwait situation and Iraq's situation? Iraq is trying to create a new governmant with alot of violence still going on, while Kuwait went back to a peaceful situation with an intact productive government. How much will this matter when it comes to an RV of the dinar?

One thing that I cannot get out of mind is how many very big players are in this game of getting their hands on the Iraqi oil. China, USA, Russia, & Jordan. I just can't think of who else is in there.

About six months or so ago a telephone aquaintence from Houston said that the Chinese had been in the Houston area emptying out the scrap yards of acres and acres of scrap metal to build oil tankers for transporting oil to China. He also said he knew some folks in Pascagola, Mississippi & they told him the Chinese were hiring ship builders in great numbers to go to China to build tankers. Also at that time he said he knew of several oil companies that had people sitting on the borders of Iraq waitng for the OK to go into Iraq & waiting for the violence to get under control.

Also about that time, I heard , from him that he knew of some "high ranking government officials" that had bought $100 million dinar.

I know the violence is a huge problem, but I think with so many "big players" in the game, this RV has to happen & I think it will be soon.

RR, SGS, Neno, Breakeven, Old Skier & whoever else, what are your opinions on these issues?

Originally Posted by ChiefWealth53

What are the differences between the post war Kuwait situation and Iraq's situation? Iraq is trying to create a new governmant with alot of violence still going on, while Kuwait went back to a peaceful situation with an intact productive government. How much will this matter when it comes to an RV of the dinar?

One thing that I cannot get out of mind is how many very big players are in this game of getting their hands on the Iraqi oil. China, USA, Russia, & Jordan. I just can't think of who else is in there.

About six months or so ago a telephone aquaintence from Houston said that the Chinese had been in the Houston area emptying out the scrap yards of acres and acres of scrap metal to build oil tankers for transporting oil to China. He also said he knew some folks in Pascagola, Mississippi & they told him the Chinese were hiring ship builders in great numbers to go to China to build tankers. Also at that time he said he knew of several oil companies that had people sitting on the borders of Iraq waitng for the OK to go into Iraq & waiting for the violence to get under control.

Also about that time, I heard , from him that he knew of some "high ranking government officials" that had bought $100 million dinar.

I know the violence is a huge problem, but I think with so many "big players" in the game, this RV has to happen & I think it will be soon.

RR, SGS, Neno, Breakeven, Old Skier & whoever else, what are your opinions on these issues?

Chinese, Russians whoever!! I hope they go for it!! Chinese have plenty of USD to pay for the OiL!! Or stock up on IQD!!

I have always held the belief that it is not a matter of "IF" as much as it is a matter of "WHEN".

The comparison of Iraq to Kuwait is not a fair one. You made a good point that Kuwait was stable before and after the phenomenon that occured with their currency. You will be hard pressed to provide written proof that their currency ever changed value. It was for a very short time, and only the people in the arena at the time were privy to the opportunity.

Iraq is a nation under seige. Their own people are their captors, and their own people are their saviors.

I am waiting for the "Hero" to emerge and bring Iraq peace. So far there hasn't been a leader capable of dramatic change and National Unity.

The USA and her allies are doing what they can to help, but the Iraqi's are the only ones who can change their future.

Then we will see our investment go from seed to fruition.

Just my opinions.....

Thank you.

Thanks Hardwood

Kuwait was and is as different as day & night when it comes to Iraq. Yes it was and is a more stable government. Comparing life styles between the residence of Kuwait and Iraq are like looking at both ends of the ruler.

One could only hope that the residents of Iraq some day have a chance at a life style like Kuwait. While still an Arab country, I feel that most other Arabs living in others countries would love to live like the Kuwaiti’s.

This aside, the IQD will follow suit if even a little longer IMHO than the Kuwaiti Dinar. There may even be some pleasant surprises ahead for all!

DesertWolf

Originally Posted by Hardwood

I have always held the belief that it is not a matter of "IF" as much as it is a matter of "WHEN".

The comparison of Iraq to Kuwait is not a fair one. You made a good point that Kuwait was stable before and after the phenomenon that occured with their currency. You will be hard pressed to provide written proof that their currency ever changed value. It was for a very short time, and only the people in the arena at the time were privy to the opportunity.

Iraq is a nation under seige. Their own people are their captors, and their own people are their saviors.

I am waiting for the "Hero" to emerge and bring Iraq peace. So far there hasn't been a leader capable of dramatic change and National Unity.

The USA and her allies are doing what they can to help, but the Iraqi's are the only ones who can change their future.

Then we will see our investment go from seed to fruition.

Just my opinions.....

Thank you.

Nice thoughtful reply Hardwood!

This aside, the IQD will follow suit if even a little longer IMHO than the Kuwaiti Dinar. There may even be some pleasant surprises ahead for all!

DesertWolf

I like surprises, especially pleasant ones! Bring it on....

i just found this interesting document, it pertains to pegging, and i beleive it's current, it mentions kuwait's switch to the basket.....i figured any brainiacs out there might find any tidbits that could show iraq will head in the same direction?

http://www.vsv-asg.ch/pdflib/pdf_d/A....04.-31.05.pdf

The Financial Lexicon edited by the Swiss Association of Asset Managers hasbeen published for over 13 years on the Corriere del Ticino. The first series ofarticles were aimed at explaining the financial terminology particulary relatedto portfolio management, in terms of instruments, regulations, strategies,functions, procedures and so on. The current new series are more focused onrelations between the theory and practice of investing and topical events andtrends, as well as on financial features of high interest at the moment

Originally Posted by rvalreadydang

i just found this interesting document, it pertains to pegging, and i beleive it's current, it mentions kuwait's switch to the basket.....i figured any brainiacs out there might find any tidbits that could show iraq will head in the same direction?

http://www.vsv-asg.ch/pdflib/pdf_d/A....04.-31.05.pdf

The Financial Lexicon edited by the Swiss Association of Asset Managers hasbeen published for over 13 years on the Corriere del Ticino. The first series ofarticles were aimed at explaining the financial terminology particulary relatedto portfolio management, in terms of instruments, regulations, strategies,functions, procedures and so on. The current new series are more focused onrelations between the theory and practice of investing and topical events andtrends, as well as on financial features of high interest at the moment

you got me.

Originally Posted by ChiefWealth53

What are the differences between the post war Kuwait situation and Iraq's situation? Iraq is trying to create a new governmant with alot of violence still going on, while Kuwait went back to a peaceful situation with an intact productive government. How much will this matter when it comes to an RV of the dinar?


The Only Comparisons that come to mind that I have learned, is that once again we have the oppritunity of a LifeTime, cause of Oil. But before we didn't have the Internet as we do today. with Oil for support of the both countries, there really is no comparisons at all.

One thing that I cannot get out of mind is how many very big players are in this game of getting their hands on the Iraqi oil. China, USA, Russia, & Jordan. I just can't think of who else is in there.


I am sure their are many more that we might read about in the futher, and many more we never know about.

About six months or so ago a telephone aquaintence from Houston said that the Chinese had been in the Houston area emptying out the scrap yards of acres and acres of scrap metal to build oil tankers for transporting oil to China. He also said he knew some folks in Pascagola, Mississippi & they told him the Chinese were hiring ship builders in great numbers to go to China to build tankers. Also at that time he said he knew of several oil companies that had people sitting on the borders of Iraq waitng for the OK to go into Iraq & waiting for the violence to get under control.

Pretty sure this is all true too. Here in Texas many Oil drilling companies have sent their rigs already to Iraq, if not to nearby Dubia for the wait.

Asfar as the violence, it will only end totally with the next and next Generation. This Big Players have deep pockets. This is why there is over 180 know mercenary groups that are hired at atleast $200,000.00 a year in salary. The payments to these, makes them exspendable, and will be used to protect the interest of these companies. Done been reported that there are one merck for every US Solder in Iraq. This is a Big Deal, and plenty of money to be made.

Also about that time, I heard , from him that he knew of some "high ranking government officials" that had bought $100 million dinar.

Now that is alot. I personally know 8 people with over 100 million dinars, and heard of other rumors of others with alot more.


I know the violence is a huge problem, but I think with so many "big players" in the game, this RV has to happen & I think it will be soon.

Yes there is, might as well say alittle from all over the world. Luckly for the Internet, us small fries got a chance this time. Patience is the key.

RR, SGS, Neno, Breakeven, Old Skier & whoever else, what are your opinions on these issues?

Well that is my Story, and I am sticking to it, until the end.