andy3978

Name the dog Shabibi

Are you better off today than you were 4 years ago?

Mr. Adam, lop or no lop...your opinion, and why?

I believe the vast majority of Americans have no clue what the iqd is. They will also have no idea when it revaluates. Just as many of us never knew a thing about the kwd.

Right on. Anything <$1 would risk a LOP. $1 is good for me. A Gordon Gekko I won't become from it, but a retired SOB who told the boss to go ............................ himself I will be.

I actually like that post. Thanks for sharing it.

Its 100% when you see the new rate on the cbi...not before.

I'd believe intel from pee wee & the Capt. Before anything okie has to say

Lol I remember back in February when the big RV buzz was the budget. "How can they enact q budget with a worthless currency...it MUST RV " well as we've seen apparently they can and are running a country with an 1170 rate.

Seems pretty cut and dry. RD then RV. Everything has been laid out by the CBI already/ They said they wasnt to remove the zeroes (LOP). They said they want the IQD to be on par with the USD (1:1). It will work out like this: After the LOP, your 1 million IQD will become 1,000 IQD. You paid $1,000 for your million IQD Next they RV @ 1:1 so your newly LOPped 1,000 IQD will be cashed in for $1,000 USD. So now you broke even. If you paid $300+ for any premium-type memberships then you lost even more. Then you pay the bank spread and taxes and you just found out that you lost money after having it tied up in IQD sitting in your sock drawer for the past 5 years. You will be especially screwed if you bought low denoms. Beat me with the red - stick if you like, however the CBI has laid this out time and time again. Their money supply verifies this as well. All we get from the super positive folks is that 'the CBI is putting out mis-information as to not telegraph their punch' Nobody seems to want to think that maybe just maybe the CBI is saying exactly what they mean in an attempt to not mentally screw up their citizens who have a 3rd grade education for the most part.

Next excuse: Storms and the flooding in Northern Jersey. That's the reason. Shabibi is being considerate of New Jersians

Still shows 1170 on my wife's screen @ td bank.

Nice research 20! From what I read of your stuff, it sounds as though the CBI has been 'raising' the three zeroes for a few years now. By bringing them off the street via these auctions they are able to shrink the Money Supply. If they are successful in this process, and lets pray they are, they will be in a position to have a straight up RV and negate that friggin LOP crap. The only thing is that all we know is that mystical number of 24 trillion in circulation. Well from 2007 until now they have had just about 5 years to remove much of it. Conservatively the auctions have a volume of $1,000,000 per day. They M1 can shrink it a very very manageable number based upon that trajectory. Here's to hoping!

They used the word re-denomination, which usually means something bad for us. But then they said they want to provide bigger notes. This dont make much sense.. Like saying you want to lose weight and slim down but you're going to eat Calzones & ice cream every day.

could have been worse. had this newbie posted about the anti-rv, he'd have to replace all the red pixels on his monitor

Hope I'm not jumping the gun or being too presumptuous however the last few weeks Adam's chat times have been like a moving target and I usually miss them.. So Mods, if this is the wrong venue, please move/merge it to the proper thread. My Question for Adam: With all this recent talk about RD/raising/deleting 3 zeroes flying out of the CBI every day, do you think this is just intentional misinformation to keep us off balance or do you think there is something to this. You have always been forthright in your chats & books saying this was a possibility; anything change? Your thoughts please Sir. Thank you

LOL!. So they are saying they will delete 3 zeroes (in an attempt to have folks carry less cash and make transactions easier) but it won't increase purchasing power? I guess then folks will have to carry 25 thousand 1IQD notes in their pockets in order to have $21 USD worth of buying power. Not too sure how that makes day to day shopping easier for the average Abdul walking around Baghdad.

I'd also like to add that in the spirit of tolerance and diversity, there should be a 24 hour bar next door to the mosque as well as a Hassidic Synagogue directly across the street. I cannot fathom and Muslims having a problem with that, right? After all, they are the textbook model for tolerance right?

Ruffle feathers? LMAO! I'm going to chalk that up to you making a joke! That's clearly NOT the reason I posted to begin with. Let me try to be even more clear that I already was. a LOP is a bad thing for us in terms that it will not allow us to retire, buy the boat, Lamborghini, etc, etc. Agreed? Good. Since the 'removal of the 3 zeros' seems to indicate a LOP, and virtually every piece of news coming out of Iraq lately discusses the removal of the 3 zeroes we are being led to believe that this is their intention. My question was 6 months ago 'removing 3 zeroes' was blasphemy and now it seems that many people are excited about it. I wanted to know why. Maybe there was an angle I am missing. Perhaps there was something else they are going to do as well that I was unaware of.... I am not naive enough to believe that if in fact they were going to straight RV, they could not possibly telegraph their punch. But this notion of the 'campaign of mis-information' seems a bit stupid in all honesty. First of all...simply say nothing at all...never mind saying LOP and then RV instead. Let us remember most Iraqis have the education level of an elementary schooler. Do you really really want to complicate their already sad lives with telling then their money will LOP and a month later telling them their money is worth triple the amount. Does anyone see the inherent danger in screwing with the Iraqi people like this? Is the mass chaos that will ensue not immediately evident? This post was never initially a LOP post which is why I started it in the opinion forum. I don't want to have a LOP discussion either. I was simply attempting to find out why people seem to be happy now about something that was feared and dreaded a few short months ago. Well $12k is great right? That's the reason you bought up Dinars right? Me neither. Do the math if they do in fact remove these 3 zeroes then RV at 1:1. I wonder if there will be a bunch of shiny happy people then. I will not be one of them. I would take a straight up RV @ .01 versus the raising of the zeroes. See...this is the reason for my post. Not to start a sword fight. Why not a tiny RV versus deletion?

Making the popular assumption that the removal/deletion/raising of the 3 zeros refers to removing the 3 zeros off the currency notes themselves, why is everyone getting all hot and bothered by this? Removing 3 zeros = a LOP. Period. It means that you had 1 million dinar and now you have 1 thousand dinar. How is this a good thing? We all want a straight up RV obviously. I fully well understand that a LOP is a possibility but anytime someone mentions this possibility (Keep) they get attacked. Here we have all these articles coming out saying basically this same thing, yet many people are getting all stupid all over it. I'm sorry but I dont see how taking my 4 million IQD and overnight telling me that now I have 1,000 IQD is a good thing. Even if it did RD then RV at 3:1 which in itself is a stretch makes me have $12,000 before taxes and the spread. That's hardly worth setting up a trust or off shore account over. Please tell me why I am wrong, and why removing 3 zeros from our notes is a good thing?

Sounds fairly straight forward. Raise 3 zeroes = RD Increase purchase power = RV. Sounds like they plan on a LOP/RV simultaneously. I mean how else can a clear thinking person interpret this? 1,000,000 IQD becomes 1,000 IQD. RV @ 3:1 and you now have $3,000 USD before taxes and spread. Seems pretty clear

Here on the Jersey shore we're about 3 or so hours out from the outer bands of Irene. I've been through several Hurricanes in Florida so I'm not too worried about it, not because of any other reason except for being prepared and experienced. Be interesting to see how the Battery fares though. It wouldn't be Jersey without the smell of garbage. Don't like it? Don't come.

Very different circumstances surrounding Kuwait. Kuwait:Iraq is clearly not an apples-to-apples comparison.

Wow, I can see that took you a long time to compile! And that's just from March to April...lest we remember we are almost in September. Thanks for laying this out the way you did. This should be stickied and mandatory reading for Newbies

Why not sprinkle a little bit of "It's Bush's fault" on top?