jphillips

Thanks for the post Viz

So that is all the proof I need to get out of this investment. Interpretation of the body language from a mortgage rep who somehow knows and has access to insider information regarding the RV and what the Iraqi government is going to do? This is indeed subtle and reminds me of the movie 'Beautiful Mind'. That was a great movie where Russell Crowe was a brilliant mathematician and he would see patterns and make interpretations from those patterns. He would decipher all sorts of information and extrapolate intelligence based on that interpretation. Problem is that none of it was real, just like any and everyone's 'knowledge' of what is going to happen regards the RV. Thanks for the post but this really belongs in the opinion section.

One bad apple. Thanks Doc for everything you do to gather the information, write it, edit and proof the articles. I know it is time consuming and I for one really appreciate your efforts and the results.

Doc! Where are you? I didn't even know someone posted something negative so don't let that bother you. Your posts and insight are invaluable. I would understand if you quit giving your time because you are frustrated. I think a lot of people are running ragged right about now. Hope to hear from you soon.

Hold your hands up high and save the watches cause the sh** is getting deep.

Do do do do, do do do do (theme to the Twilight Zone). Come on, you know you want to...

Just so happens that I have the ability to sell it to you...

Should I laugh or cry?

Either the demand is way up, supply is way down or a little of both. My preference would be that CBI is buying back all the dinar in expectation of RV.

OMG! I thought I walked into the Twilight Zone with this thread. A little disjointed? A little disconnected? A little off the beaten path? BTW - Snow White was prejudiced against vertically challenged people and most of them were Democrat or Republican but nobody could tell cause the room was dark and the earth ran out of power until the wicked Stepmother cashed in her VND and changed it into IQD and announced it at the SOTU. National debt was then transferred to Obama's personal bank account.

Thanks K. Your posts are great and I really appreciate the time it must take to gather the news. This seems like a pretty standard power play for control of the central bank. I still think it will be more efficient for CBI to report to Maliki. I don't think the asset thing is a really big issue as they will have to pay back the debt anyway which would be more reason to do the RV sooner rather than later. JMHO.

Great post. Thanks Sandy. Any more holidays coming up?

Can you say Sadr? I agree. On top of that, Iran has no regard for the UN or any other external force. Look at their continued defiance with nuclear arms development.

Seems like this would give Malaki greater control over the central bank. Not sure if that is a good thing or a bad thing but it should at least streamline the process a little. As for the creditors being able to go after Iraq's assets, Iraq needs to pay these debts back anyway. This, IMHO, strengthens the need for an RV. An RV will enable Iraq to easily pay back their debts and once that is done Shebibi has no argument. I think he wants his autonomy and does not want to be held accountable for his performance.

I have to concur. I took my monitor apart and there is absolutely nothing written on the back of the screen. Ludicrous.

You said she showed you the email? What did it say? Interesting post. All the activity and strange coincidences....these are the things that make you go hmmmmm. Won't quit my day job quite yet but have the 'On vacation' sign written and waiting patiently in the drawer.

OH NO! I hope the Iraqi gov't doesn't read this email. They might change their mind. The free market is a beautiful thing Nit. Even if the IQD rate wasn't changed forcefully (RV) the market would, over time and due to the country's assets, take care of the revaluation for us. Besides, as everyone else has put so eloquently, nobody (including you or your friend) know what is happening at the high levels of the Iraqi government. Thanks for the tidbit Nit.

Thank goodness I didn't quit my job until this week....

But that is not a Monday or Friday so this rumor can't possibly be true!

Correction: Sold off our assets (past tense). Now we are in the fake asset business by pumping up commodities and printing til the ink is gone. Great synopsis. Question is, can we stop the lunacy before it is too late? \r\n hotmail sign in

Wonder how many people are actually trying it? Then let's see how many people post it as a new thread. Yeah!

What are you talking about? We are already working on our great grandchildren. Step 1. Find nearest bridge of lethal height Step 2. Jump off bridge to fatal demise Step 3. Go to Step 1.

Great article Viz! C ya! Wouldn't wanna be ya! Especially when the lights go out....

Gotta draw the line on this one. Really? Jesus' time was more hospitable? Might want to go recheck the bible on that one. Regarding the rest of your post, I want to express my concern with what you refer to as "bashing" every time someone calls RV and it ends up being another pumper, dumper or some other person posing as someone who knows something when they truly don't. For instance, your remark regarding that you think it is going to happen tomorrow night with the State of the Union address. I would love nothing more than for that to be the case but I think the problem here is grounding this type of rumor with any sort of reality. The hard, cold truth is that we don't know when, or even if the RV is going to happen. There are so many of us on this board who could use the RV and many more on the board who desperately need an RV for the reasons you put forth, but what are you going to do if it doesn't happen? I want to be compassionate to how dire the situation is for many Americans but this isn't something an RV is going to fix. We have some real problems here at home and we keep sweeping them under the rug. Why are businesses closing left and right while we are in the middle of a recovery? Why is unemployment still nearly at 10% nationally and higher regionally in many areas? Why can't our kids read after they graduate high school and sometimes even college? Why? Because we keep looking the other way and we keep waiting for the 'Big Payoff' to come and rescue us from the situation we have created. The reality, something we have long forgotten, is that we have to work incrementally toward the future. It has become a world of immediacy where CEO's get fired if they don't return a bottom-line profit in a quarter even if it would mean greater profits down the road. I am a business owner and I haven't taken a payment from my company for more than 6 months even though I pay all of my employees so they can put food on the table for their families. I am a believer in the long haul and will do everything I can to make sure I invest in my children and in my country, but I feel sometimes that it is a losing battle. I have been blessed with the ability to hold my head above water for now but who knows. I don't know if I can survive this 'Recovery' much longer. What really chaps me though is when people whine about how difficult it is but they do nothing about it. If you want to be in a different place in 6 months then start being proactive and stop waiting around for things like this to happen. Take one small step to opening your own business or creating another type of income. Home businesses are rampant these days. This country was founded in the belief in God and a greater good. We were pioneers and we stood up for what we believe in which used to be honesty, decency and caring for other people, even if we did not have two nickels to rub together. IMHO we lost that spirit long ago and are so entrenched in the world of 'What's in it for me?" that I don't know if we will ever make it back. At what point did we lose the ability to be the greatest nation on the planet and become a group of self-serving individuals? This board is a perfect example of individuals coming together and collectively sharing ideas and thoughts regarding a financial opportunity which IS speculation in its truest form. This is not an income opportunity that you should hang your hat on but more like a lottery with odds greatly stacked in our favor. I value the knowledge and information I find here and I have not met a finer group of people, including yourself, who share their opinions. I completely do not respect the pumpers, bashers and ill-informed who come here to waste time and instigate trouble for the group as a whole. I learn something new every day and appreciate that I have eyes and eyesight to read. I thank God that my family is healthy. As for not being able to pay the monthly bills, I have been there and my heart goes out to you. Most of us have been there. It is a trying time but one that you will get through. I am not bashing you when I say that you should not depend on the RV as it is still a gamble. Nobody knows when it will happen. I have faith it will eventually, but nobody knows when. Be smart about it though and don't wait on the RV. By the way, Jesus had no issue with washing the feet of his disciples because he was humble and had a servant's heart in a time where those he served would betray him and he would die on the cross with thorns in his head, nails in his hands and feet. Not sure if I would call that hospitable.

So far looks like USD value decline against static IQD but it is great that IQD is listed. The preparation is encouraging but I will still wait a little longer before holding my breath. Thanks for the link.