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steveflex7
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Posts posted by steveflex7
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Nice find Tony
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I love these inflation articles. The CBI is getting worried about it approaching the 10 % red zone. If it comes close enough, Shabbs is gunna pull the trigger.
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Anything good Tony ?
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Take it easy hit man. Don't lose your cool. No one I know follows the gurus, after a while you learn who to follow andvwho not to follow. Do your own research and just relax
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I am in agreement with Adam, that when they announce the HCL being passed, Ch 7 will be passed at the same time. From this point forward, since I believe we are so close to this happening, I think everything will be kept quiet until the final announcement is made. Lets do it already !
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I'm not sure if this was posted already, but I just came across this article.
November 15th ~ 2012 budget in line with the aspirations of Iraq's economic and will Enhance the Value of Iraqi Dinar" ...
Related article ~ Iraq's Federal budget under discussion next month and Iraq cabinet aims to boost 2012 spending by a third ... and .. Iraq Budget 2012 ~ Financial budget file ends in 2012 ...
November 8, 2011
Iraqi government, discusses the 2012 budget mid-month
Baghdad, The Iraqi government said Tuesday it will discuss the country's budget for the 2012 mid-month in preparation for approval and sent to the House of Representatives.
Government figures indicate that Iraq's budget for next year will amount to 131 trillion Iraqi dinars (about $ 112 billion), up 36% from the current year budget and a deficit of 23.3 trillion Iraqi dinars (20 billion dollars).
The government says the deficit will be covered by the amounts of cash retained from the current year budget 2011 is internal and external borrowing and the proportion of savings is expected to increase selling prices or increased oil production or borrowing from the IMF and World Bank.
The chancellor said the government peace Quraishi, told the Kurdish news agency (Rn) that "the Council of Ministers will discuss in the 15 of this month's budget in 2012," noting that "the government will adopt the budget in line with the aspirations of Iraq's economic and enhance the value of Iraqi dinar."
Continues ...read more ..
"The Ministry of Finance said it has completed the required procedures and took notes of the International Monetary Fund into account and will raise the budget to the House of Representatives by 20 this month, to be voted upon before the start of next year."
Economists and experts predict that delayed the budget in 2012 in the House of Representatives because of political differences between the parliamentary blocs typically arise with a discussion of financial budgets annually.
Iraq relies is a member of OPEC on oil revenues to finance about 95% of the annual budget.
Often delayed the adoption of fiscal balances in Iraq and voted on in the House of Representatives because of the differences between the political blocs.
The value of the current year budget approved in February 20 last, of which $ 82.6 billion $ 25.7 billion of investments.
Iraq has suffered from dilapidated infrastructure sectors in the overall result of long years of siege and war during the last two decades of the last century.
Despite the passage of eight years to topple the former Iraqi regime, the Iraqi government could not provide basic public services for citizens, which are often protesting the lack of it.
http://articlesofinterest-kelley.blogspot.com/2011/11/iraqs-2012-budget-november-15th-iraqi.html
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I just had a thought: What if the council members and GOI don't really understand what an RV will do because Shabibi doesn't dare tell them about changing the exchange rate overnite (RV) for security reasons?? You know several of these politicos would immediately blab all the details. SO, I wonder if they have all been led to believe he is planning to LOP, so they really do question why this will help.
I am suggesting that Shabibi needs their approval for the change, but can't really explain the full plan to them in order to fulfill the need for secrecy. If that is the case, I hope he realizes this folly and pulls the trigger without them.
I admit that I agree with those on these sites who argue that a LOP will do little to help Iraq's situation, even one followed by a modest RV. But it makes sense to me that Shabibi cannot disclose too much about an RV.
What do you think?
Peace and Prosperity
Thats a possibility. At this point whonthe he'll knows who's telling the truth and who's bluffing. I'm not worried. I know that this RV will happen, and all this bs and misinformation is part of it. Just gotta sit tight and believe.
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I believe you are right. Seems as though he is pushing for the RD (LOP) but Maliki and his cronies are not passing it... Maliki is actually on our side with this one. Keepem' will also say the same thing.
How do we know Shabbibi's true intentions? When did he come out and say he wanted to RD? And if he said that he did want to RD, how do we know he isn't covering up his RV plans ? Damn, sometimes this investment gets confusing .
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Do you really think he'll shoot them?
Literally and figuratively, he's probably that point
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Shabibi is not necessarily our friend for an RV. You must remember that.
I always like to hear what you bring to the table, please explain Zig.
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This is going to push the RV through. I think Shabbibi is tired of waiting for parliament to get off their arses and move quick. If inflation threatens his plan, he will put it through, I guarantee it .
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I think in the end, due to the ignorance of parliament and the GOI, Shabbibi is going to pull the trigger.
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All of these inflation articles lately are making me wonder how high it actually is. Inflation must be approaching the red zone or I don't think they would keep putting these articles out. I guess we'll see soon enough.
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Can Iraq sustain a 1:1 RV ?
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I , like you and many / most here.....would obviously love for it to go up straight at 1 USD / EUR...Which would mean a 100,000% ( 1,000 times our Capital) profit.....
That's why I asked you if you , in your statement / forecast , would take into consideration a cut of zeros or not... That would make an Ocean of Difference ( and profit) , right?
Realistically....I tend to think it might RV at 0.10 or around that rate ( maybe growing gradually after that)... OR.....It also might go to 1 ( or even more) USD /EUR but in a castrated way... In which case we wouldn't earn anything or at least not so much ( if more than 1:1) ... I hope it won't be like that.. But we can't exclude that scenario....JMHO....
Peace to you and Good Luck to all of us.
Your thinking is very reasonable and I respect it. I am heavily invested in this, and at a .10 cent RV I would be doing backflips, I guess at this point we are at the mercy of the CBI, and what will be, will be
I , like you and many / most here.....would obviously love for it to go up straight at 1 USD / EUR...Which would mean a 100,000% ( 1,000 times our Capital) profit.....
That's why I asked you if you , in your statement / forecast , would take into consideration a cut of zeros or not... That would make an Ocean of Difference ( and profit) , right?
Realistically....I tend to think it might RV at 0.10 or around that rate ( maybe growing gradually after that)... OR.....It also might go to 1 ( or even more) USD /EUR but in a castrated way... In which case we wouldn't earn anything or at least not so much ( if more than 1:1) ... I hope it won't be like that.. But we can't exclude that scenario....JMHO....
Peace to you and Good Luck to all of us.
Your thinking is very reasonable and I respect it. I am heavily invested in this, and at a .10 cent RV I would be doing backflips, I guess at this point we are at the mercy of the CBI, and what will be, will be
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I did understand what you said... I only added... IF ONLY...... Now .... What is it you don't understand ?
What's your theory on the outcome? Just curious.
I did understand what you said... I only added... IF ONLY...... Now .... What is it you don't understand ?
What's your theory on the outcome? Just curious.
I did understand what you said... I only added... IF ONLY...... Now .... What is it you don't understand ?
What's your theory on the outcome? Just curious.
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HOW DO WE KNOW THAT THERE IS 30 TRILLION IN CIRCULATION? i MEAN, FOR SURE?
THEY SAY THAT IS THE NUMBER, THO I HAVE HEARD 4 TRILLION....BUT YOU ARE BASING YOUR LOP THEORY ON CIRCULATION NUMBERS FROM A GOVERNMENT THAT DOESN'T WANT US TO KNOW WHAT THE REAL NUMBERS ARE...BECAUSE IF WE DID, WE COULD TELEGRAPH THE RV AMOUNT THEY COULD support.
I BELIEVE THEY ARE LYING TO US, THAT THEY HAVE BEEN DOING THEIR AUCTION FOR A REASON, AND WILL RV TO RESTORE/CREATE WEALTH THEY NEED...
WEIGH THIS AGAINST PROPAGANDA ARTICLES, PHONY NUMBERS AND OTHER SMOKE, AND I THINK YOU SEE WHAT I MEAN.
THE RV ARGUMENT CARRIES MORE WEIGHT THAN OTHER EXPLANATIONS.
FOLLOW THE MONEY
Thank you! I couldn't have said it better myself. These lobsters are going off of numbers that aren't even correct. And like you said, if we had the exact numbers we would have figured the rate out by now. I'm following the money
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You mean they could support that rate ( 1 USD / EUR) without cutting the zeros? If you do mean that then all I can say is... IF ONLY.
[/
Bottom line is that Im guessing they will RV at around a buck. Why are you having a hard time understanding?
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Dude! you post the same thing every week. The only ignorant people are the ones who follow the monday RV. So just relax, and watch the facts play out. SHEESHHH, people are so impatient !
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I agree with kap. There are certain laws that nned to be passed. I just hope they do it quick once they return.
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Iv heard that parliaments returning on Nov 10, but some are saying the 20th. Does anyone know? Thanks
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Ok I'll play along... but what is your predicted rate if you don't mind me asking? Under or over .10?
My guess is between one dollar and the euro, it's been proven they can support that rate, so that's what I'm going with.
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Yes, steveflex, please point me in another direction. I too need another 'hobby' because dismantling amateurs like you is getting too easy. But then again, this is more than a hobby isn't it. It's people's money. Your whole post is complete internet hype without a shred of basic economic principles in it.
A LOP is not a destruction of wealth. All prices in the economy will be adjusted accordingly so that it is neutral. And Iraq cannot declare itself a thousand times wealthier just by saying so. Even if they did declare that one Dinar was now magically worth one dollar. Who is going to give up or exchange a dollar for one Dinar and how can they enforce it. Even if the Dinar is down to 4trillion (it is not, around 30 trillion is more accurate) where are the 4 trillion Dollars going to come from? The CBI only has around 25 billion US dollars in its reserve and is trying to get more according to Shabibi. An RV of any kind would cause massive hyper inflation and economic chaos. And even if Iraq's economy improves overtime and they start exporting the oil that's in the ground, that still does not guarantee improvement in the currency. An improving economy will demand more imports of goods which a low valued dinar would be an advantage for Iraq.
Shabibi's playing poker? It's that secret stuff again isn't it. Shabibi doesn't want you to know about it but you've cracked the code and found out what he's really going to do. Well congratulations. I have posted the following before:
Sorry steve flex, but all this "secret society" nonsense is getting old. Iraq has already announced they will "RD based on Turkey" and openly described their new banknotes in detail (the banknotes that most "secret society" Dinar pumpers swore blind wouldn't happen because new notes = a lop) and are now scrabbling round like headless chickens trying to invent plausible sounding conspiracies to avoid admitting their deception. The only people who use "RV" are the pumpers who fail miserably at getting *anything* right, week after week, year after year. You cannot reprice everything & every bank account in the nation *and* change all banknotes and related logistics (ATM's, banknote counting machines, etc) in secrecy all in the space of 24hrs. That's complete nonsense that stretches gullibility to the limits. The only reason the pumpers are pumping this secrecy stuff is to create excuses to keep the "RV" illusion alive now that they're being overtly contradicted by the ICB on an almost daily basis. They've switched from plausibility to paranoia & propaganda tactics called "appeal to authority" : "I have secret intel contacts, therefore do not question me because everyone else is wrong" is what 99% of pumpers come out with every day. And it's utter claptrap.
So in summation, there will be an RD, no RV (but maybe ever so slightly over time, maybe decades)
There you are pudge! I was waiting for you to comment. I appreciate your thoughts and so called knowledge on the Dinar, but I have to disagree with you. If you read your articles closely, you will see that Iraq said they can learn from what Turkey did, they never said they were going to follow what they did. Turkey and Iraq are 2 totally different scenarios, but I'm an amateur so what do i know. I'm happy to see you have the answers and apparently you know for a fact that Iraq will LOP. Nobody knows the exact amount in circulation, and nobody knows all of the complete details going on that we can't see. I think its foolish to believe that Iraq is telling us everything they intend to do, after proving they have lied over and over again. So if you choose to believe the RD articles, then be my guest, but I call it bluffing ! Like it or not pudge, a Revaluation is in the cards, but thats just my opinion
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CBI warns of collapse of IQD...due to inflation
in Iraq & Dinar Related News
Posted
What a way to start my week! Awesome article. For anyone who doesn't think were close, you gotta be nuts ! Thanks Tony, keep em' coming