Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

davidsto

Members
  • Posts

    50
  • Joined

  • Last visited

davidsto's Achievements

Newbie

Newbie (1/14)

0

Reputation

  1. that scenerio you just mention may very well be the end game plan! If the dollar tanks before rv. We that has lots of it or ok still. But however if the dollar tanks shortley afterwards its going to decrease or destroy alot of new found wealth. Please get some Gold and silver, and you might also look into the israeli shekels, Israels economy is very strong. thats just another currencey to have to hedge aganist the fallling dollar.
  2. Hi sage449! im not an expert but this is what i found: dirty float DefinitionFloating currency exchange rate system which is not controlled entirely by the market forces of demand and supply. Instead, it is at least partially controlled by government intervention that limits appreciation or depreciation of the currency within a range. Also called managed float. floating exchange rate DefinitionSystem in which a currency's value is determined solely by the interplay of the market forces of demand and supply (which, in turn, is determined by the soundness of a country's basic economic position), instead of by government intervention. However, all central banks do try to defend these rates within a certain range by buying or selling their country's currency as the situation warrants.
  3. surely this has got to be the single MOST VAULABLE peice of news we have ever received except for the formation of the GOI.
  4. I copied this from another site. Please read and lets talk about the implications together. Thanks A unique occurrence happened today. The IQD, which has been static on ForEx, miraculously went live today. This means it is being traded internationally by ForEx houses across the world. Rather than being updated at the static rate of 1170:$1, it is updating every few seconds, just like every other currency, meaning it is being traded live. Here is a link to one of the major ForEx trading charts, make sure you click on the refresh button, if your browser does not update it automatically. http://www.forex.tradingcharts.com/quotes/index.php?sym=usdiqd&Submit=Go&tz=GMT This means either one of two things, to me. Medic, Frank, Nighthawk and all the other “educated” (I use that term loosely) dinar people were shocked by this occurrence, it was unexpected. They believe that the RV, thus, is imminent because banks are trading their stocks of dinar now (removing 3 0′s, as they get back to Iraq). It implies that the ForEx people know something we don’t know. The other option is one that is not popular (in fact, I’m the only one who’s ever had this opinion), that the IQD could be placed on ForEx and allow the market to drive up the rate (removing 3 0′s as it gets back to Iraq). While this is a possibility, I do not think it would be Iraq’s interest to do so, because without an ERM (which requires a declared international value) in place, the rate can skyrocket (or nosedive) on a day to day basis, similar to what happened with the Kuwaiti dinar. It is in Iraq’s best interest to set the rate (at whatever they will) and allow the ERM to pure float the dinar at the ceiling/floor thresholds (for most currencies this is 4% either way, up or down, in a 24 hour period of trading.) Either way, the rate will go up exponentially based on the speculation. For any of this to occur, to me, precludes that the CBI has stopped auctioning the dinar (i.e., dirty floating the rate at 1170) and has allowed the dinar to go to a pure float, or will in the immediate future. I am eager to see what the CBI does when it opens on Sunday. It would, to me, imply an RV this weekend, again no one knows for sure, but what is the logical conclusion of allowing the dinar to trade freely? To me, this means the ForEx houses are anticipating the dinar to be traded internationally by people like you and me, and they are currency swapping on these small pips in that anticipation. This could also be a tactic of the CBI to further remove the large denoms in a staged manner — still meaning an RV is nearly upon us. This is not something the CBI could allow for months, not even weeks, maybe a matter of days. The value of the dinar could not be kept under with a pure float, and it costs Iraq too much to purchase the dinar back under a dirty float — they lose thousands of dollars at every auction by keeping the dinar “stable” at 1170:$1. So with a free-for-all in the ForEx houses, Iraq could virtually lose control of the dinar’s value in a matter of days, without declaring a value and an ERM. Further logical assumption that they plan to RV, not allow the currency to be completely market driven, unless, of course, they declare the value at 1170 — which every article from the Ministry of Finance said would be absurd, requiring at least a 1:1 exchange (we get a buck for every dinar, in other words.) Concerning the GOI, the budget is moot at this point. The government is more concerned that the people are beginning to riot, there is an increase in violence, bombings, bloodshed, that Sadr will not be able to hold back. Parliament stripped certain powers from Maliki today, namely his ability to name the security people, and it appears that Parliament now has control over this. Barzani, the President of Kurdistan, is in Baghdad to oversee the security situation — to me, a huge slap in the face for Maliki. This was at the request of Joe Biden. We have seen two articles that Parliament is calling an emergency session to address this. However, it doesn’t say when. We assume either Saturday or Sunday. To me, one of two things will happen: one, the Parliament will overrule Maliki and place the security positions themselves (thereby stripping Maliki of most of his powers and making him a political figurehead, a “scapegoat”) or two, they will vote “no confidence” in Maliki and throw him out entirely. Allawi has said if that was to occur, he will leave the vast majority of the cabinet in place and will have his government seated in 24-28 hours. According to his website, his first order of business before anything else is to revalue the Iraqi dinar and begin reconstruction. They are attempting to head off a coup here. If they do not call an emergency session, then they will meet at their regular schedule on January 30, and we will see what might happen. No matter what happens, I maintain an RV will occur by January 31, if not sooner. Remember, Baghdad is hosting the Arab Summit which begins March 2. To go into February without security, without an RV, without even the basics for their people is the height of stupidity, and if there is no civil war, the people of Iraq deserve what happens to them. Personally, I think we’ll see Sadr’s group hang the “ten people” in the street. But we pray this does not occur, and it doesn’t have to, as long as the ten people do their duty before the 30 million.
  5. Hey keep the faith! Do not wavier in this! It will happen this country is sitting on too much wealth for it not to, its just a matter of time! I dont know about you but im going to keep buying more until it does RV! I DONT HAVE A DOUBT ABOUT " WILL" IT RV, IM JUST NOT SURE ABOUT THE RATE! But if its going to rv who cares about the rate....... God Bless..............
  6. NOW I KNOW HOW A TEACHER MUST FEEL WHEN SOME STUDENTS DONT DO THEIR HOMEWORK. O' WELL. YOU GUYS WE MUST EXERCISE PATIENCE WITH ONE ANOTHER!!!!
  7. Well one major reason is for tax purpose,s, if you plan to give some dinar away you can easily divide it with smaller denom,s. If you give denoms away obviously you want be taxed on that amount. The person or institution will be responsible for taxes on that amount. Example; -church ---------- $100,000 dinars @ 3.42 = $342,000 US -little bobby -----$250 dinars @ " = $855.00 US -mom ------------$25,000 dinars @ " = $85,500 US -brother-----------$10,000 dinars @ " = $34,200 US -Total -------------$135,250 dinars @ " = $462,555 US = money you didnt pay tax on! IF TAXED @ 35% FED? The you saved --------> $161,8994.25 THATS ALOT OF MONEY SAVED!! THATS JUST AND OPTION DEPENDING ON WHO YOU GIVE YOUR MONEY TOO. HOPE THIS HELPS!!!!
  8. Do anyone have an idea of the percentage of dinars the average American is holding?[/size]
  9. Sorry quys for this post guess i should have studied the article a little closer. I"M understanding this to mean exactly what it says and that is; 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will = $1.00USD , Thus meaning that 1,000 IQD "POST" -redenomination will = $1,000USD...... Sorry just asking a question. NO LOP! THEY ARE TELLING US THEY WILL REVAL!!!!!! YESSSSSSSS.....
  10. Sorry dude! i was just looking at this site and had questions thats all! I want/need a rv as much as anyone, but i also want to understand this investment like anyone else. It seems to me that 1,000 IQD (pre-redenomination) and 1 dinar (post-redenomination) will = $1.00 usd
  11. [size="3"]Can anyone check this link out and explain what this forex site is talking about (redenominate and post-redenominate!!!![/size] http://www.xe.com/currency/iqd-iraqi-dinar
  12. You really must be joking, Now that is funny...... Just look how much basic stuff Sarah dont know; www.youtube.com/watch?v=MWZHTJsR4Bc
  13. i would not vote for her she is unqualified! check this link out it will blowww you away! http://www.youtube.com/watch?v=MWZHTJsR4Bc
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.