Thread: "RollsRoyce . . . June 25 Tidbit!"

Originally Posted by inquisitive1

hummn...strange...I did not make a post like this either.....someone is playing games...

it didnt seem like your usual tenor which is why it confused me. i am not offended by insults and bashers dont bother me. i will always express my opinions...im not here to win a popularity contest. i believe my views are supported by the facts as i know them. my research is more macro than micro.

Originally Posted by EJAMM

If you remember the SBA is due to expire in September 07 and has been the only thing allowing Iraq to take advantage of the Paris Club debt relief. The SBA is the guarantee that allowed the Paris Club members to move forward with debt relief. But after the SBA expires then what? IMO the revalue/reversion will not happen before October. However, it is Iraq and anything can happen from day to day.

The HCL will indeed be a great boost to the economy of Iraq but it will still take a little while to get in a groove, so to speak. Also, if Shabibi is smart he'll allow fdi into Iraq for a period of time at the current program exchange rate which would make Iraqs exports a little more tempting which would help solidify the foreign investment before a revalue/reversion.

The ISX, I read somewhere, will be online but not electronic...this would hamper the explosion of investment slightly but the ISX will boom regardless of the exchange rate...IMO. The ISX may be prepared for a rv or may have a contingent plan...I do not have a dog in the ISX fight.

My thoughts

my point exactly.

what many believe is the news we are getting out of iraq is actually taking place now. if youve noticed the articles that are being posted are ones from last week re-written to appear as new. there is no news being reported out of iraq currently that is new as maliki has put a hault on the media. its like a reel to reel tape being looped.

there are things taking place on the ground in iraq currently that are ensuring security. as soon as they get the adequate security in place we are going to see our economic recovery plan begin to be implemented. it is alot closer than you will ever imagine.

the rate remains $3.45 as this is shabibis baby.

I imagined it as close as a year ago. Then in January. Then obviously in April just like I think 90% of ROL. Even a few weeks ago seemed really promising. I've been "invested" and researching, reading, learning for about a year and thats nothing compared to some of ya. IMO, however, I have swayed from the huge overnighter to the seemingly more likely 2-3 year pay out. If I'm wrong wooooo, but I don't think I'll be holding my breath waiting for the magical weekends to come anymore.

Originally Posted by shotgunsusie

my point exactly.

what many believe is the news we are getting out of iraq is actually taking place now. if youve noticed the articles that are being posted are ones from last week re-written to appear as new. there is no news being reported out of iraq currently that is new as maliki has put a hault on the media. its like a reel to reel tape being looped.

there are things taking place on the ground in iraq currently that are ensuring security. as soon as they get the adequate security in place we are going to see our economic recovery plan begin to be implemented. it is alot closer than you will ever imagine.

the rate remains $3.45 as this is shabibis baby.

As much as I would like to see the dinar jump to $3 it is an economic impossibility...at least in the near term. Besides, Shabibi would be a fool to revert the dinar to $3 immediately, he is not dumb and would weed out speculators by first pegging the currency to the Euro or the USD at a rate of 1:1. After a period of time he would float the currency or move to a basket like Kuwait allowing for the dinar to rise to the historic levels capable of an oil rich country. Iraq is not yet ready to stand on a $3 dinar economy...there is much more to it than just purchasing power.

My thoughts

Thanks shotgunsusie, I needed your positive post to pick me up a little. I hope it all comes about soon for all our sakes.

Originally Posted by EJAMM

As much as I would like to see the dinar jump to $3 it is an economic impossibility...at least in the near term. Besides, Shabibi would be a fool to revert the dinar to $3 immediately, he is not dumb and would weed out speculators by first pegging the currency to the Euro or the USD at a rate of 1:1. After a period of time he would float the currency or move to a basket like Kuwait allowing for the dinar to rise to the historic levels capable of an oil rich country. Iraq is not yet ready to stand on a $3 dinar economy...there is much more to it than just purchasing power.

My thoughts

we shall see!!

SGS, you've made some bold statements and taken a lot of heat over the years (yeah years!!) that we've been in this and I just want to say I admire and am thankful for your determination. You've provided the strength of conviction that has provided many of us with the day to day optimism we have needed to remain determined ourselves. I call that leadership. It doesn't matter to me that dates have come and gone. I know, as you do, that this will pay off in a big way for those that have the foresight to stay in. Leaders who are consistent but willing to admit mistakes are the best kind and that's how you have conducted yourself. I'm thankful for your work and although you're not the only one pulling in the research and I'm thankful to all who do you do stand out in the crowd as one who's willing to shout loud and defend your position. For those of us standing at the back of the crowd it's the loud shouting that gets heard. We're shouting with ya Susie! Just want you to know that.

Originally Posted by boxmama

SGS, you've made some bold statements and taken a lot of heat over the years (yeah years!!) that we've been in this and I just want to say I admire and am thankful for your determination. You've provided the strength of conviction that has provided many of us with the day to day optimism we have needed to remain determined ourselves. I call that leadership. It doesn't matter to me that dates have come and gone. I know, as you do, that this will pay off in a big way for those that have the foresight to stay in. Leaders who are consistent but willing to admit mistakes are the best kind and that's how you have conducted yourself. I'm thankful for your work and although you're not the only one pulling in the research and I'm thankful to all who do you do stand out in the crowd as one who's willing to shout loud and defend your position. For those of us standing at the back of the crowd it's the loud shouting that gets heard. We're shouting with ya Susie! Just want you to know that.

I think that's how a lot of us feel!!! THANKS SUSIE!!!!

Originally Posted by EJAMM

As much as I would like to see the dinar jump to $3 it is an economic impossibility...at least in the near term. Besides, Shabibi would be a fool to revert the dinar to $3 immediately, he is not dumb and would weed out speculators by first pegging the currency to the Euro or the USD at a rate of 1:1. After a period of time he would float the currency or move to a basket like Kuwait allowing for the dinar to rise to the historic levels capable of an oil rich country. Iraq is not yet ready to stand on a $3 dinar economy...there is much more to it than just purchasing power.

My thoughts

I have read that at present the GOI, can back a RV up to $6. USD with existing gold & other assets without touching their oil reserves. Crunch the numbers here. For every 1M USD spent on building and other supplies now, after the RV (if even at a 1:1 rate) they will have over paid by $1.249 Billion. It goes to reason the sooner the RV and the higher the RV rate (3.26, 3.45, or even 5.26) the better it is for the Iraqi people, the GOI, and the Iraqi Banking system.

DesertWolf

Did I mention us too?

Originally Posted by shotgunsusie

we shall see!!

I for one feel that this is a positive attitude toward this investment. I have seen as well as myself from time to time that it is easy to get off track or lose sight of the big picture. I feel that most of our glasses are half full and soon to be overflowing. Sure it's easy to get down but a positive outlook here or in life in general will make these long days go buy much better. No matter what it comes out at or when we are all still here and just waitin.
My two cents.