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GreginTexas

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About GreginTexas

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  1. I first just want to point out that "lotsofdinar" gave no impression that he thought this had anything to do with a lop. Secondly, it could be any of those rates, so why are your thoughts and opinions better than his, they are all valid since no one really knows. And lastly, it's not "chao". The term for goodbye in Italian is ciao. If your going to go after someone, at least have your ducks in a row. This is not just meant for you imparticular, but for all of you guys and gals out there who don't have a clue. Guess what? No one does. And that's okay. Forums are just places that people can discuss found materials and opinions on a particular subject matter. Stop the ridiculous booing each other. Greg's daughter, Kristi P.S. Ciao for now!
  2. The crisis in Europe /European Central Bank/IMF A good article for the possible direction Europe is heading. Especially if like me, you hope that the Iraqi Dinar ordeal is tied to the financial restructuring of the world. ROME/ATHENS (Reuters) - Italy's parliament was set to approve austerity measures on Saturday, triggering the formation of an emergency government to replace that of Prime Minister Silvio Berlusconi, and meeting European Union demands to avert a euro zone meltdown. After months of dither and delay, Rome appears to have got the message as bond markets pushed it to the brink of needing a bailout that the euro zone cannot afford. President Giorgio Napolitano and Italian lawmakers have put the process on a fast track: the Chamber of Deputies was due to start debating at 1130 GMT (6:30 a.m. EST) and final approval of the cuts by the lower house marks the Berlusconi government's final act. MORE: http://news.yahoo.co...-005629702.html
  3. If my hopes were any higher I would probably pass out. However the rate and process of the RV/RI will depend on which scenario that is really happening. 1. This is all about Iraq only. Which would mean Adams ideas. 2. This is about the world economy and Iraq. (Gurus choice)Which could bring a higher RV. But keep in mind that countries can out last us because all they really need is process of a near future fix to their economy. So here we are right back to the beginning. We will not really know until it happens. I am just proud I bought a lotter y ticket for this ride. GreginTexas
  4. If Iran goes to war with Iraq, what do you think will happen to the dinar? That's right..........POOF! All gone, all for nothing. This is actually damn near the ONLY thing that can happen to stop the RV. Let's pray that it will be settled quickly and all will fall into place for the global economy. Greg's Daughter - Kristi P.S. Sorry, Daddy, I had to say something.
  5. Revaluation & Inflation – Analysis by Neo from Dinar Speculator 10/14/2011 Inflationary controls in Iraq to date have been managed within a framework of fiscal soundness as evidenced by Shabbi with the currency auctions. This has been a reliable tool to regulate both liquidity and reduce exchange rate volatility as we have seen. As you all know, Iraq is one of the 8 member countries of the International Monetary Fund that has exchange controls governing exchange rate arrangements applying to the Crawling Peg Arrangement . Iraq is also one of the 186 member countries that has exchange controls governing capital transactions applying to direct investment. Ok that being said let’s look at the limitations or the down side of this current Crawling Peg regime in Iraq. The limitations on fiscal policy created by the crawling peg system became overly restrictive imo when the the rate of crawl could not be set to adjust for measured inflation or other indicators. Gee does this sound familiar. You have to remember that their currency is adjusted periodically in small amounts at a fixed rate or in response to changes in selective quantitative indicators, such as past inflation differentials in relation to major trading partners, differentials between the inflation target and expected inflation with major trading partners. Here in lies the rub. Ok so now you ask yourself who establishes this monetary framework? The IMF staff assigned to Iraq, provides members countries like Iraq several exchange rate regimes and monetary policy frameworks to provide greater transparency, and well hey they have a vested interest in getting their money back dealing with safeguards over Fund resources on so many levels. The CBI cannot continue to aim at keeping inflation low, predominantly by maintaining a stable exchange rate in this environment of low level financial intermediation. In the past, the low level of inflation and the relative stability of inflation did not suggest any significant over or undervaluation of the Iraqi dinar as related to the aggregate components of liquidity and isolation from international trade. Now the good stuff. The De Facto Classification of Exchange Rate Regimes and Monetary Policy Frameworks created and administered by the IMF are wide ranging. There are Conventional fixed peg arrangements, Pegged exchange rates within horizontal bands, crawling peg, independently floating and the list goes on. I believe that if the regime should change and is beginning to, they are moving to the Inflation targeting framework. By definition from the IMF it states: The Inflation targeting framework involves the public announcement of medium-term numerical targets for inflation with an institutional commitment by the monetary authority to achieve these targets. Additional key features include increased communication with the public</U> and the markets about the plans and objectives of monetary policymakers</U> and increased accountability of the central bank for attaining its inflation objectives</U>.(sound familiar) Monetary policy decisions are guided by the deviation of forecasts of future inflation from the announced target</U>, with the inflation forecast acting (implicitly or explicitly) as the intermediate target of monetary policy. Relating this approach to what we have witnessed in the media reports and statements from the CBI would in my opinion explain this as a possible transitional element. Can you think of a better environment to introduce a currency revaluation and denomination scheme that builds confidence in their economy?
  6. In what I have learned Dalite is correct. I would like to add that Shabibi has said it will be a managed float. I think that is what they have now. He controls the value through the currency auctions.
  7. You will be missed. Good luck and may God bless your endeavors.
  8. You bring up a point I would like to expand on. Thanks About 2 ½ years ago I was on a deep well being drilled in the city limits of Morgan City, La. The job lasted 6 months and we used about 6,000 barrels of oil base mud. There was no more than a quart of mud spilt during the whole job and it was cleaned up and disposed of immediately. It ended with being plugged and abandoned. At a total cost of over $31,000,000. If you go the spot where the well was drilled there is no evidence that it ever happened. The oil field is very clean & safe today compared to when I first started in 1971. Most people that say bad things of the Drilling operations are just ignorant of the facts.
  9. You are right but small compared to ND. I did not want to muddy the water even tho I am a Mud Engineer.
  10. Oil Anyone? As you may know, Cruz Construction started a division in North Dakota just 6 months ago. They sent every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers. They just bought two new Kenworth's to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it. They also bought two new cranes (one crawler & one rubber tired) for that division. Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years. Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available. Unemployment in ND is the lowest in the nation at 3.4 percent last I checked. See anything in the national news about how the oil industry is fueling North Dakota's economy? Here's an astonishing read. Important and verifiable information: About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; "How much oil does the U.S. have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together." The U. S.. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana. Check THIS out: The Bakken is the largest domestic oil discovery since Alaska's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable( 5 billion barrels), at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion. "When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea.." says Terry Johnson, the Montana Legislature's financial analyst. "This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin, but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada. For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves, and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL !!!!!! That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006 !!!!!! U. S. Oil Discovery - Largest Reserve in the World Stansberry Report Online - 4/20/2006 Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off- shore drilling? They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates: 8 times as much oil as Saudi Arabia 18 times as much oil as Iraq 21 times as much oil as Kuwait 22 times as much oil as Iran 500 times as much oil as Yemen and it's all right here in the Western United States !!!!!! HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy. WHY? James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East, more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post. Don't think 'OPEC' will drop its price even with this find? Think again! It's all about the competitive marketplace, it has to. Think OPEC just might be funding the environmentalists? Got your attention yet? Now, while you're thinking about it, do this: Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you complain about gas prices, by doing NOTHING, you forfeit your right to complain. Now I just wonder what would happen in this country if every one of you sent this to every one in your address book. By the way, this can be verified. Check it out at the link below !!!!!! http://www.usgs.gov/newsroom/article.asp?ID=1911 <http://www.usgs.gov/newsroom/article.asp?ID=1911 Curz Construction: http://www.cruzconstruct.com/services..php <http://www.cruzconstruct.com/services.php
  11. I agree and if my math is correct for every 191 million dollars that is 223 Billion Dinar so about a Trillion Dinar a week. Yes Shabibi could have removed a large amount by now. GreginTexas
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