Thread: Do Not Believe The News!! - from Baghdaddy

Baghdaddy who posts elsewhere has kindly given permission for his information to be posted here regarding the GCC Meeting. Thank you Baghdaddy.

Here is his post.

"Do Not Believe The News!!"

The official news out of Doha is that nothing has been discussed and nothing is going to be done! LMAO watch the news for announcements right up until christmas and beyond, regarding the whole of the Gulf states and there currencies including IRAQ. Good things come to those who wait! Remember that folks!
Catch up with ya all soon.

Here is a follow up post. I will post any further posts as and when. Again Thank you Baghdaddy


"I cant/wont elaborate further. Just dont believe the press releases. Things are happening and have been discussed, but they wont admit it! Take that as you find it! Just watch, as it wont become, cant become apparent until its actually happened. Tip: watch other gulf countries first. Iraq will be last.

Any one who thinks this is BS well your entitled to your opinion. Dont bother PM'ing me to say its BS either. If I throw you a bone I dont care if it tastes good ok! Believe what you want. Im sharing what I know. Crow you are always way ahead of me lol..............we are on the same wave length pal."

From Baghdaddy


"If I was a betting man (which I am) "

Lets say for instance the other gulf countries were to RV their currencies, then Iraq would look pretty silly and be worse off if they didnt move the dinar a bit too wouldnt they. I mean a bit as well not huge jumps. Of course Im just saying that Hypothetically. Who knows how many little jumps they could fit in in a year? I still think 1200 by year end. However I could be wrong. Either way the other countries are the key!

And another....

"The most likely agenda is first a (preferably coordinated) revaluation of GCC currencies to offset inflation and falling expatriate salaries. Then a shift towards a basket of currencies to value their currencies (again preferably following a united approach based on the existing Kuwaiti model), and a period of floating inter-GCC currency rates."

I hope this is making sense. I am posting his posts as he responds to individuals.