DinarThug Posted March 25, 2014 Report Share Posted March 25, 2014 CNN - The TMZ For IQD ! 3-24-2014 Newshound Guru Shredd Article: "Central Bank buys 36 tons of high-purity gold bullion" that's roughly $1,668,699,648.00 USD. This is in preparation for a monetary policy change to support the exchange rate. support? 1.6 Billion USD sounds more supportive of an increase in the value rather than stabilizing! 3-24-2014 Newshound Guru tlm724 Article: "Central Bank buys 36 tons of high-purity gold bullion" Quote: "to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar" the dinar, not the dollar! [Guru] BondLady said to me the other day we will be seeing more of the monetary policy come to light and she was right! Here is just a small look into achieving stability for the dinar! Turki is backing the dinar and imo it is too help ensure strong backing for a strong rate!3-25-2014 Newshound Guru Kaperoni So you have the MPs on TV saying it cannot wait till after elections...you have the CBI buying gold...basically in one month, they doubled their gold holdings...you have the CBI consultation back on (after it was postponed)...you have banks holding 3 zero notes...There is no logical explanation to not issue larger currency at the current exchange rate unless their is some plan to raise the exchange rate against foreign currencies soon...and Yasiri [He an MP and on finance committee] said...there is a tendency to launch the Prime Minister 's initiative...he backs what the IMF states...gradual appreciation. The IMF documents on exiting closed monetary policy exchange regime, to flexible exchange regime (float) stocking gold is important part. 3-25-2014 Newshound Guru Kaperoni Last September we saw Maliki stand up and put in force the 2014-2017 economic development plan which is a market economy and you cannot have a market economy without a convertible currency in other words, the market economy will not work until the CBI transitions out of Article XIV to Article VIII. IMO, they are about to request from the IMF to leave Article XIV. 3-25-2014 Newshound Gurus Bondlady & tlm724 Article: "Financial Parliament: the second reading of the budget on Tuesday" the second reading of the budget on Tuesday...maybe 3rd reading/vote on Sunday? never know and they are paying a boat load of people on 4/1 so maybe so. Article: "The first of next April launch date of the salaries of social welfare" middle of next week the date for the launch of the first installment for the current year for the salaries and benefits of social protection network...the people must be so excited, they have been without for way too long! 4 Link to comment Share on other sites More sharing options...
AmericaInc Posted March 25, 2014 Report Share Posted March 25, 2014 ..There is no logical explanation to not issue larger currency at the current exchange rate unless their is some plan to raise the exchange rate against foreign currencies soon Last September we saw Maliki stand up and put in force the 2014-2017 economic development plan which is a market economy and you cannot have a market economy without a convertible currency in other words, the market economy will not work until the CBI transitions out of Article XIV to Article VIII. OK - these are valid points and make sense. What I might question is the assumption that to have a market (international) economy they need the dinar. Right now they are international with the petrodollar, and seem to have been very comfortable using it for over a decade. anyone have a good argument as to EXACTLY WHY they MUST have the dinar for a market economy? Link to comment Share on other sites More sharing options...
R Veyron Posted March 25, 2014 Report Share Posted March 25, 2014 This is probably one of the more significant actions I have seen in a while and it does point towards them getting ready to make some significant changes in the value in their currency rate. Though this is in the rumors section , it's the best rumor I've seen in a long time as it is quite factual and not so much rumor. 3 Link to comment Share on other sites More sharing options...
Jaygo Posted March 25, 2014 Report Share Posted March 25, 2014 (edited) This is probably one of the more significant actions I have seen in a while and it does point towards them getting ready to make some significant changes in the value in their currency rate. Though this is in the rumors section , it's the best rumor I've seen in a long time as it is quite factual and not so much rumor. [/quote It's in ink.. Just because it's in a rumor board doesn't make it a rumor. We got ink!!! Edited March 25, 2014 by Jaygo 3 Link to comment Share on other sites More sharing options...
sandfly Posted March 26, 2014 Report Share Posted March 26, 2014 THANKS 1 1 Link to comment Share on other sites More sharing options...
mrparrot Posted March 26, 2014 Report Share Posted March 26, 2014 It's no secret that pride is a HUGE thing throughout the entire Middle East. Maybe everything they're doing right now has nothing to with getting their finances in check. Nothing to do with joining the international community, from a financial perspecting. Has nothing to do with helping the citizens. Maybe Iraq is just tired of being looked down on by their neighbors and want to do something big. Maybe the gold-buying binge is because they want to do something big. Something that says, " $%^& you, we're back, and this time, we're here to stay.". RV, RI, RWhatever is the big thing, and they'll just let their economy fall in line, like an after-effect. Don't read anything into what I just said. Think of my musings as just random thoughts from way out in left field. 2 Link to comment Share on other sites More sharing options...
ReinMan Posted March 27, 2014 Report Share Posted March 27, 2014 Show me the video. MP's can say whatever, no one has to jump into action or do anything anyone says. In fact it's the RULE not to do anything when someone "calls" for something to be done. People can "call" for something til they're blue in the face. 2 2 Link to comment Share on other sites More sharing options...
mrparrot Posted March 27, 2014 Report Share Posted March 27, 2014 ReinMan, I beg to differ. Whenever I've CALLED FOR a pizza, Pappa John's delivered. That's right. I call for a pizza to be delivered to me, and Pappa John's jumps into action... 3 Link to comment Share on other sites More sharing options...
gymrat76541 Posted March 27, 2014 Report Share Posted March 27, 2014 Get er done Bert - RV Link to comment Share on other sites More sharing options...
ReinMan Posted March 27, 2014 Report Share Posted March 27, 2014 I would trust Papa John's to deliver. NEVER trust the GOI to deliver when called. 1 Link to comment Share on other sites More sharing options...
tedro Posted March 27, 2014 Report Share Posted March 27, 2014 I ordered a Papa John's pizza and Shakey's delivered.........figure that one out? Link to comment Share on other sites More sharing options...
DWitte Posted March 28, 2014 Report Share Posted March 28, 2014 I ordered a Papa John's pizza and Shakey's delivered.........figure that one out? The driver had Parkinsons disease? 1 Link to comment Share on other sites More sharing options...
Wiljor Posted March 28, 2014 Report Share Posted March 28, 2014 Here is a interesting article that probably all of you already know but I thought I would post it for you all. It clearly states that countries by gold to stabilize their currencies. Irak has been buying gold by the tons and makes me believe that something is coming. Here are nations with largest gold reserves as measured by tonnes. This list includes the International Monetary Fund and the European Central Bank. The United States (#1) was static at 8,133.5 tonnes Germany (#2) was down slightly at 3,391.3 tonnes (April 2013), versus 3,401.8 tonnes in late 2011 The International Monetary Fund (#3) was static at 2,814 tonnes Italy (#4) was static at 2,451.8 tonnes France (#5) was static at 2,435.4 tonnes China (#6) was static at 1,054.1 tonnes Switzerland (#7) was static at 1,040.1 tonnes Russia (#8) increased reserves from 851.5 tonnes in late 2011 to 976.9 tonnes (April 2013) Japan (#9) was static at 765.2 tonnes The Netherlands (#10) was static at 612.5 tonnes India (#11) was static at 557.7 tonnes The European Central Bank (#12) was static at 502.1 tonnes Taiwan (#13) was static at 423.6 tonnes Portugal (#14) was static at 382.5 tonnes 24/7 Wall St. has analyzed the World Gold Council data and added comments on how and why the central banks of Russia, Turkey, South Korea, Brazil, Kazakhstan and Iraq could act as the stabilizing mechanisms for gold if selling pressure continues. If history is a measure, it seems highly unlikely that retail buyers and speculators will start another wave of gold purchases. Central banks buy gold in support of their currencies, and the recent massive drop may give the central banks that can a chance to increase their gold holdings. Thanks Thugs for your summery 2 Link to comment Share on other sites More sharing options...
Texas1 Posted March 28, 2014 Report Share Posted March 28, 2014 The driver had Parkinsons disease? He parked in his son's spot? 1 Link to comment Share on other sites More sharing options...
ReinMan Posted March 31, 2014 Report Share Posted March 31, 2014 Shakey's still exists? I don't think the elections have a darn thing to do with a change in monetary policy and vice versa. Iraq will do what it wants, when it wants. Everyone should stop clinging to every little event. Speaking of which, when is Ramadan this year so we can see the gurus cling to that too? Link to comment Share on other sites More sharing options...
sportfisher Posted March 31, 2014 Report Share Posted March 31, 2014 anyone have a good argument as to EXACTLY WHY they MUST have the dinar for a market economy? PRIDE 1 Link to comment Share on other sites More sharing options...
NoviceInvestor Posted April 1, 2014 Report Share Posted April 1, 2014 (edited) Shakey's still exists? I don't think the elections have a darn thing to do with a change in monetary policy and vice versa. Iraq will do what it wants, when it wants. Everyone should stop clinging to every little event. Speaking of which, when is Ramadan this year so we can see the gurus cling to that too? A fine statement ReinMan. But it is human nature to cling to hope and I ask do the Gurus really know anything .. If they did they wouldn't print somany conflicting articles of information. Ramadan will be upon us soon and the dinar will still be at the rate it is today and everyone will be still waiting for an announcement to be made "soon".. Edited April 1, 2014 by NoviceInvestor Link to comment Share on other sites More sharing options...
umbertino Posted April 1, 2014 Report Share Posted April 1, 2014 It's no secret that pride is a HUGE thing throughout the entire Middle East. Maybe everything they're doing right now has nothing to with getting their finances in check. Nothing to do with joining the international community, from a financial perspecting. Has nothing to do with helping the citizens. Maybe Iraq is just tired of being looked down on by their neighbors and want to do something big. Maybe the gold-buying binge is because they want to do something big. Something that says, " $%^& you, we're back, and this time, we're here to stay.". RV, RI, RWhatever is the big thing, and they'll just let their economy fall in line, like an after-effect. Don't read anything into what I just said. Think of my musings as just random thoughts from way out in left field. You formatted it in the shape of a poem....Smile Link to comment Share on other sites More sharing options...
Barbul Posted April 1, 2014 Report Share Posted April 1, 2014 I have great respect for Kaperoni's opinion, however, he is a firm believer in a float. If the currency floats from 1166 what good would it do for anything? It might as well stay the same. Also, if it did start at 1166 everyone in the world would buy it because it could only go up. I am sure it will float, but only after it RV's not from 1166. 1 Link to comment Share on other sites More sharing options...
unirod Posted April 2, 2014 Report Share Posted April 2, 2014 What's of real interest to me is that Iraq can buy tons of gold and the exchange rate never changes? I'm convinced that I am in the right currency investment! 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted April 2, 2014 Report Share Posted April 2, 2014 The CBI used some of the dollars it has in reserves to buy the equivalent in gold. thus the value of the reserves didnt really increase! It is just a play on the possible weakness in the dollar and the gold may increase in value. Link to comment Share on other sites More sharing options...
ReinMan Posted April 4, 2014 Report Share Posted April 4, 2014 Just show me the video. Link to comment Share on other sites More sharing options...
DinarThug Posted April 4, 2014 Author Report Share Posted April 4, 2014 Just show me the video. Of Possum's Wife ? Link to comment Share on other sites More sharing options...
NoviceInvestor Posted April 5, 2014 Report Share Posted April 5, 2014 Show me the video. MP's can say whatever, no one has to jump into action or do anything anyone says. In fact it's the RULE not to do anything when someone "calls" for something to be done. People can "call" for something til they're blue in the face. I agree ReinMan and I also think it's too close to the election to call it... They need to sit still long enough in the Parliament to pass the budget first . Link to comment Share on other sites More sharing options...
Boozer Posted April 5, 2014 Report Share Posted April 5, 2014 I said last year it could not wait till next year but still here we wait. this will be going on as long as maliki is in the Rule. looks like another 4 years, Just not worth the wait. If someone would The Maliki we could move ahead with our lifes , Its kind of like with OSTUPID we ***** but we do nothing to change it ! Link to comment Share on other sites More sharing options...
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