Thread: Question About the 28th of October

Good to see Ya livefree. I am probably the least educated guy on the forum. I read all the great post I can find, try to make of them what I can and as I said before, if this thing tanks, the education alone was worth the ride. I really feel we will see some action in the next few weeks. To many power players in Iraq want the Oil to flow..retirement law, HCL, Security, Oil flow.. If the rv doesn't happen then, we may have to wait a long, long, long time to make any return.. JMO

Whats with all the Blue highlighted words that get linked and highlighted in your post. Its like your endorsing something but you didnt choose too.? Don't like it.

Hi folks. Been a dinarholic for 15 months now and like many I spend way too much time on the net following events. Now these points are just my opinion. #1-Iraq is pretty much floating on oil. Perhaps over 300 billion barrels recoverable. #2-They have the biggest proven reserves of natural gas on the planet. #3-Security has improved much more than the main stream media lets on. Just a side note here, yesterday apparently nobody was killed or found dead in Bagdad. I heard this on a conservative talk show. Not sure if it's true. #4-While the Iraqi leaders are ******* at the art of delay laws are being passed with the HCL being mentioned by the Iraqi's more and more thanks I believe to the Kurds leading the way with signing their own deals. #5- The Pkk freedom fighters or terrorists, take your pick on the label, are apparently going to lay down their arms tonight which will allow Turkey to back off gracefully. #6-Did I mention all that easy to get at, cheap to produce oil and gas?? #7-The amount of dinar in existence is apparently around 20 trillion. At least that is how much some well informed people believe was originally printed. Apparently none has been released that was printed after 2004. Iraq is a cash based society so the money is handled a lot. How much has worn out and been destroyed in almost 4 years. I believe this number would be very high as the dinar I have do not seem as robust as north american bills. #8-RV or slow grow. The BIG question. If they RV I feel that it will be about 30 cents to the dollar as that is what the dinar was worth before this last war, if only for psycological reasons and also to stop the little people like us from futher speculation on the currency. Slow grow is likely to be the way they go. Slow and steady keeps the worlds bean counters happy. #9-Did I mention all that oil and gas?? As I type this I am sitting on a lease in North Eastern British Columbia working on a drill rig, so I know a little about oil and gas production. How important it is to our society and how much money it produces for the oil companies and the people that work for those oil companies. Now this is all JMHO. Have a nice day everybody!!

Terry,

Your post is IMHO right on target. Keep on posting when you have additional assessments of the situation in Iraq.

Ice

Terry, Nice post. Thank you. I have said many times that folks that bash Oil Companies for making large profits do NOT understand what the cost is to get that black gold out of the ground. Thank you for keeping our thoughts focused. I really feel when the oil law is established we may see some movement, and even more once oil begins to flow at the rates projected by end of 2008. I think .19 to .50 is a doable number (JMO). Lets watch and see what happens. We need to see more of you Terry, don't be a stranger. I think we see life ebbing back into this forum on the dinar front. Seems pretty nice huh.??

thanks for the post terry and I agree warrior its nice to see some kind of opinionated sugestions and chat going on here. However i may be right I may be wrong but the 30 cents to the dollar before the war I thought it was $3+ but then I have read that that was a fallacy that it was really only around due to inflation and the printing presses running rampid that the true rate was 30 cents and then the swiss dinar held by the kurds had a diffent value as well. Can someone refresh my memory on the real deal about this situation before the war.The unity of iraq and trying to bring them together has been something else and quite an achievement. I do have one thought why the kurds are growing economicly gettting things(hotels being built,infostructure, land development) done deals signed its amazing that they have and agreed to use the iraqi dinar as a currency of choice. Im suprised that they dont demand a different type Like a new swiss dinar or some kind of other currency of value...and I do believe there currency was worth more than that of the rest of iraq before the war.I forget if thats right or not? Maybe they know something we don't. Anyhow those are just somethoughts.

Tank,

If Im not mistaken the swiss dinar that the Kurds handed in got 150 NID per swiss dinar.
while the rest of Iraq received 1 for 1. So the Kurds have been really patient with all the delays and all their wealth being lost in the transition.

Thanks to everyone here that is posting again. nice to have something to look forward to reading when i get off work. dont post to much but im always lurking.

mfcdinar

Well, Mfcdinar, welcome. We are trying to get some news hounds back in the hunt so to speak.. I think the Kurds are going to be patient till 1st quarter 08 from my reading and if no action by then on several laws, it could get very interesting. I do think early 08 we see some nice adjustments made in values and laws in place (jmo) Good to have you on board.

Originally Posted by dinartank

its amazing that they have and agreed to use the iraqi dinar as a currency of choice. Im suprised that they dont demand a different type Like a new swiss dinar or some kind of other currency of value...and I do believe there currency was worth more than that of the rest of iraq before the war.I forget if thats right or not? Maybe they know something we don't. Anyhow those are just somethoughts.

Also might have something to do with the fact that the Kurds only have about 3% of the total Oil in Iraq in their region - which means that they are somewhat reliant on Baghdad for their the future Oil Sharing Revenues - not that any of them will see that for about 10 years anyway - but hey - you've got to look to the future.

Originally Posted by 67 warrior

Terry, Nice post. Thank you. I have said many times that folks that bash Oil Companies for making large profits do NOT understand what the cost is to get that black gold out of the ground. Thank you for keeping our thoughts focused. I really feel when the oil law is established we may see some movement, and even more once oil begins to flow at the rates projected by end of 2008. I think .19 to .50 is a doable number (JMO). Lets watch and see what happens. We need to see more of you Terry, don't be a stranger. I think we see life ebbing back into this forum on the dinar front. Seems pretty nice huh.??

There seem to be a lot of very ignorant people who constantly bash the BIG OIL Companies and President Bush. The whole opportunity for Iraq to become The New Iraq will be a direct result thanks to the two aforementioned entities!! It is time to put the emotional nonsense in the dumpster where it belongs and use some common sense when it comes to the dinar. It will happen as laws get passed and implemented, debt is forgiven and political reconciliation is obtained...and not a moment sooner that is certain.