Rochester

welcome, all...thx

Economies run on laws. Economic laws. There is some disagreement as to the nature and working of those laws, but there is also agreement on many of these economic laws. For instance it's a fact that Iraq imports almost everything it needs. It's a fact that they do so with American dollars. It's a fact that the drying up of the auctions reduces the quantity of American dollars in the economy. This makes for an eventual rise in the value of the American dollar on a street level, as Iraqis go looking for those dollars. This means there are not enough American dollars to cover the bills for imports...which are all paid for in American dollars. This created shortage of American dollars means eventually it is mathematically impossible for Iraq to control the 2% gap between the street rate and the Official rate of the American dollar. This means the bank of Iraq can no longer comply with the rules that are laid down by the international bankers. (my guess is International Bankers told Iraq to do this)...This shutting down of the sale of American dollars, it eventually affects supply and demand in Iraq, creating inflationary prices as the quantity of vital foreign goods dries up, due to the shortage of American dollars. I think most economists would agree with all that. Pretty basic economics. ...Long term there is no avoiding economic laws. They govern the world around us. How long this will take, for all this closing up of auctions to play out in it's consequences, before Iraq has no choice but to either restart the auctions or revalue it's currency? I have no idea, I'm not an economist. But I'm pretty sure that a massive leap in the Dinar value is inevitable...if the auctions remain closed forever..... I just don't know how long it will take. My guess is, by closing the auctions....to use an old farming phrase, the Iraqis are "priming the pump"...in reverse As Luigi would say...."my opine"

Cure?

What's different this time? -America doesn't need Iraqi oil, so their government has no leverage over America -this means America can do what it wants -Iran is struggling with the Corona Virus -the price of oil is very, very low....and Iraq requires a high oil price, just to put food on the table -low oil prices means a huge hole in the Iraqi budget, they must go begging to international financiers -America controls international finance -the financial powers that be will not be giving Iraq any bailout money without them complying -America is insisting Iranian militias leave Iraq...or Iraq can starve and not get any money to keep their country afloat -Iran has been severely wounded by years of economic sanctions -America has a President who wrote The Art of the Deal -President Trump is no fool, is not weak, can spot weakness in his opponent a mile away America is in the strongest position it has been in the Middle East, in a very very long time. For decades America needed ME oil. This gave those governments leverage over America. Those days are gone. Each day Iraq and Iran get weaker. Iraq and Iran are in their weakest position they have been in a very very long time. Advantage America. The U.S.A. is calling the shots.

In related news, Bill Whittle is reporting that an Israeli pharmaceutical manufacturing giant "Teva" is donating millions of hydrochloroquinline sulfate pills to the United States, to help our doctors fight Covid 19. They are doing this FOR FREE.... That drug is usually used to fight malaria, but it's quite effective at combatting Covid 19. 10:35 In times of trouble you know who your friends are. Israel and America. Friends.

Here's another guess: Remember President Trump's visit to the Saudis? It was a big deal. Very big deal. President Trump does nothing, without an intention and strategic long term plan....so: What went on behind closed doors during his Saudi visit? Talk of oil obviously. Talk of alliances....who's a friend?...who's not?....and talk of the shape of things to come... Who's in, who's out? First: Who's not in? Who's not is Iran...obviously. Why this is so: There are two main centers of power in the Middle East....Saudi Arabia, leaders of the Sunnis...and Iran...leaders of the Shiites. They have hated each others guts for a long time...for very good reasons. America long time ago got into alliance with the Saudis. That alliance has been strong for about a hundred years....even despite the fact that 19/21 highjackers on 9-11, were Saudis. The fact that America is still in strong alliance with Saudi Arabia, despite 9-11, should tell you there must be very, very good reasons why America has stuck with it's alliance with Saudi Arabia. America would never be so foolish, as to stick with a country that has many radical Muslims in it, unless there were very serious, very good reasons for doing so. When a friend stabs a friend in the back, yet the friendship continues, that is a strange situation. It should tell you there is more going on, than meets the eye.... So: what did President Trump talk to the Saudis about, his last visit to Saudi Arabia? President Trump likely talked about a plan to take Iran out...by -continued trade sanctions -American military presence in ME to continue -trade sanctions will lead to economic collapse of Iran -when Iran is collapsed by various means, this benefits the Saudis, since Iran is their main enemy -no further big wars needed -Iran will not be occupied once it collapses -eventually new rulers will be installed in Iraq, the new rulers will kick out the Iranians -starve Iran of American dollars All of these points are things the Saudis benefit from strongly, so they support America on all these points. That's what is going on, when I said "there is more going on, than meets the eye..." This is all tied into low oil prices. The Americans have taken the side of the Saudis, over Russia, in the high stakes game of oil money. So much for "Russian collusion" of Trump. It's now beyond a pitiful joke of a conspiracy theory. In fact President Trump is colluding, but he is colluding AGAINST Russia....by siding with the Saudis, supporting them. When the next regime change happens in Iraq....likely in a short time...within months....then Iran can be kicked out of Iraq. Oil production in Iraq can then be ramped up. Since Iraq, like Saudi Arabia, is a low price producer, this will drive down the price of oil, hurting Russia, who is Iran's main international oil competition. Won't this screw up American oil producers?....since they have higher oil production costs? I don't think so. Here's why: America doesn't need external oil to be imported anymore...thanks to the fracking and shale revolution. For the first time in my life, America has all the oil it needs for a modern economy. America doesn't care what the world price is, even if it hurts American producers, because the government can change the rules to support the American oil industry....based on an internal American price of oil. They will do that. So the world will have a price war, but American producers will be immune to that oil price war....in my opinion. So I see a very long global oil price war coming, with a very low oil price for as long as it takes to accomplish America's goal of taking out Iran. Why America is moving against the Russians...who heavily depend on oil revenue in their economy: America is not hostile to Russia, but it has nothing to gain, by taking Russia's side. And it has things to lose if it take's Russia's side. Russia is the oil money enemy of the Saudis, so if America were to support the Russians, the Saudis would not like it....and the Saudi alliance is critical for taking out the Iranians. So America will side with the Saudis. America has much to gain by supporting the Saudis, because it helps them take out the Iranians. That's why America is willing to form an alliance with a country that produced 19 out of 21, of the 9-11 hijackers. I have had a few Iranian friends. Most younger Iranians, far as I can tell, are quite pro-American...as far as I can tell. It's only the older Iranian elite we have to worry about. The Iranian elite are mostly quite old and most younger Iranians would rather have good relations with America. This generational divide has been brewing for a very long time....decades. The Iranian leaders, with their out of date view of the world, those leaders are not getting any younger. If ....or when...the younger Iranians kick out the old guard, America can actually have a very, very positive relationship with the Iranians. Trump's visit to the Saudis, the continued American alliance with the Saudis, the coming oil price war, the coming regime change in Iraq.....Where is all this leading? It's obvious: Iran is going to collapse, from all this. They will be kicked out of Iraq. Hopefully that leads to a good outcome, with Iraq opening up to the world sending a river of money, their way... That's how I see it.

One of the reasons I invested in the Iraqi Dinar....despite all the bs that everyone on this site knows full well....has to do with oil price: Iraq has one of the lowest oil production costs in the world...the cost to produce oil is very, very low there. Basically stick a pipe in the ground, attache a pump, you are in the oil production business. I knew that various technologies were advancing...including fracking....which could...and did...alter the global oil market and price of oil...drastically. I knew that, even if world oil prices sank to very, very low oil prices, Iraq....like Saudi Arabia.... would still be very competitive, because their oil is so cheap to produce....compared to most places in the world. I figured, there is so much oil in Iraq, the production cost is so very low compared to everyone, the technology needed to extract the Iraqi oil was so very basic that, eventually Iraqi oil production would go through the roof....based on economic fundamentals alone....the price of production....even with much technical progress in things like fracking bringing other competitors on to the marketplace. I still think I'm right....and it looks like the Saudis are trying to put the squeeze on high price competition. They did the same thing in the first Oil Embargo, if memory serves me, back in the early 70s....correct me if I'm wrong and have better info. I'm not an oil guy, just a guy with a memory....sometimes good, other times not so good. So: Despite all the bs going on, despite the politics of Iraq, despite the stupidity of it's leaders, despite the corona virus and everything else....despite all that, my guess is: the leaders of Iraq, try as they might, are incapable of screwing this up completely. They made a valiant effort to do so, but in the end, oil will flow, low production costs will drive down price, low prices will start a price war, Iraq will win, based on low costs, the river of money will start. I still think I'm right. My two cents

If they get their borrowed money, I don't blame Iraq, I blame the banking community, who should know better. Let Iraq burn, first. Give them money only AFTER they do everything required by the American government....not before. Don't expect Iraq to act responsibly when the bankers act like twits.

Has anyone else noted that in above video, sometimes parts of Iraq look better than downtown Los Angeles?

One of the reasons I invested in the Iraqi Dinar....despite all the bs that everyone on this site knows full well....has to do with oil price: Iraq has one of the lowest oil production costs in the world...the cost to produce oil is very, very low there. Basically stick a pipe in the ground, attache a pump, you are in the oil production business. I knew that various technologies were advancing...including fracking....which could...and did...alter the global oil market...drastically. I knew that, even if world oil prices sank to very, very low oil prices, Iraq would still be very competitive, because their oil is so cheap to produce....compared to most places in the world. I figured, there is so much oil in Iraq, the production cost is so very low compared to everyone, the technology needed to extract the Iraqi oil was so very basic that, eventually Iraqi oil production would go through the roof....based on economic fundamentals alone....the price of production....even with much technical progress in things like fracking bringing other competitors on to the marketplace. I still think I'm right. Despite all the bs going on, despite the politics of Iraq, despite the stupidity of it's leaders, despite the corona virus and everything else....despite all that, the leaders of Iraq, try as they might, are incapable of screwing this up completely. They made a valiant effort to do so, but in the end, oil will flow, the river of money will start. I still think I'm right. If you invested in the Dinar, I still think YOU are right. My two cents.

I agree with declaring a State of Emergency. I would also like to declare for Iraq a State of Incompetence.

T.E. Lawrence: Sherif Ali, so long as the Arabs fight tribe against tribe, so long will they be a little people, a silly people, greedy, barbarous, and cruel as you are.

Thanks very much!

Why should the Dinar be traded internationally? Think about it, from a common sense point of view: What's the point of trade, for a country like Iraq?...That's a key question and an honest answer:The thing is, no offense to the people of Iraq, but your country, especially the leadership, seems full of turdy **** heads. 🚽💩 Your leaders have no clue, how to run a country. They are corrupt and lazy and stupid, with a few exceptions. Your country of Iraq is unproductive and fairly useless. Perhaps that will change in time. I don't mean to insult Arabs, but your culture sucks....because it is mired in the past. Yes, there was a golden age of Islam, where Islam was ahead of Christian Europeans, when Islam was a light to the world, when Islam embraced the whole world with courage and an open heart, but that was long ago. Now your Muslim culture is sick and backwards. You have little to offer the world. But God has blessed you with incredible natural resources, oil, many minerals and great climate. You could be the breadbasket of Europe if you managed it well. My hope is Iraq will use it's wealth to create a modern society and integrate with the world. To Iraq I'd say: you have a hell of a lot more to gain from dealing with us, in the civilized world, than we have to gain from dealing with you. You have much more to learn from us, than the very little we need to learn from you. I include America, Canada, Australia, Europe and China, Japan and Korea in the advanced civilized world. People in advanced technical countries have built economies and lives for our citizens that are vastly superior to the **** holes in the Third World....like Iraq. Our countries are vastly superior to yours. We are better than you. Don't kid yourself about that. Don't be proud to live in a shithole. Be humble. Learn from others. Japan and China followed that path and now the student often surpasses the Master..... You need to look up to us in advanced countries....including Japan and China and Korea now.. Don't think we need to look up to you. Wrong........we don't, that's backwards. At the same time: We do not look down on you, as you have great potential and a glorious past that shows tremendous potential. But we wonder: will you piss all your one time wealth away?... I think of the Biblical parable of the talents......Will you throw away what God has given you? So far the fools that lead Iraq are doing just that. The world wants to do business with you, joint ventures that could build a wealthy Arab and Kurdish country in Iraq....with wonderful lives for your children. The question is: are your leaders too stupid, too corrupt, too greedy, too mired in historic grievances, to take this opportunity, to take this olive branch? I'd say it's time for the young people of Iraq to kick the tired old leaders in the ass..... In a few decades the civilized world won't need your oil. Our great scientists will come up with an alternative. There are two Tesla electric cars parked on my street now. Soon they will be common. Then you will have nothing. Face it: You don't have the capacity to build an advanced civilization without the aid of highly technical countries like Germany, China or America. Will Iraqis continue to be complete stupid fools, as chronicled on this chat? I have no idea. That's up to the Iraqi young people, to fight for what they want in their future. It's their life, not mine. It's their country, not mine. There are places in the Arab world that are rich and successful. The leaders in successful Muslim countries have been wise with their trusted oil windfall. My brother in law is a petrochemical engineer who tells me of a few really high quality places in the Arab world. Yet I read daily of the stupidity of the Iraq elite on this site. Dear Iraqi: you can blame America if you like, but the truth is, the fool is in the mirror. We offer you great riches, far exceeding anything in your history, and your leaders throw it away on obscure religious squabbles, petty stupidity, greed and corruption. The leaders of Iraq should have their heads examined by a psychiatrist.👴

Low oil prices and this virus means there will be enormous pressure to change the status quo. It may be a tiny virus that initiates huge political and economic change in Iraq. What a strange world. 🙏