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JWJW11
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Posts posted by JWJW11
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Right... they sold their oil and imported a vastly lower economic amount in other goods. Keep in mind, when Iraq sells their oil, it is sold for US Dollars (since the OPEC agreement)! I suspect that you will now form a very misguided conjecture that those 'stored' US Dollars will be used to cash out all of the investors.
I seem to be spewing too much honesty, that's all. I don't care much for facile arguments on this forum; I care about the TRUTH. So, you repeatedly making tangential remarks without adding any valuable insight to the discussion makes you seem like the coward. I would respect and cherish it if you actually added at least 'something' to the argument. At this point, you are acting like nothing more than a sideline cheerleader. You may be much better served to continue reading rather than posting. Remember, ad hominem attacks never make you appear intelligent. Princess!
Again couldn't careless what you respect or cherish....your jumping in the middle of something that's been going on for years...heres an idea coward...if you don't like what I have to say...try the ignore button or just sit on your hands
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How is that pathetic? He has done the research, found objective verifiable facts, and is stating the same. I wager to say that you are the rather pathetic one...
AWWW look at you stopping by to protect baby boy...we all know your posting under a new screen name and have been around...why hide? Spineless? Coward? all of the above?
You wanna know what I think and know where I stand? Go back and read my posts...been here for about 3 years now.....one more keyboard tough guy....save it...I couldn't careless what you have to say or think
Especially some coward who can't post under one name for fear know one will pay attention to him as you bring the same old tired argument....lop no lop....blah blah blah
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Hey where did you run off too? As soon as you got questioned you disappeared. ....did you get your report ready to share or did you realize what you said made absolutely no sense? Lol
Actually I don't have the time to sit around on the net arguing back and forth with a snot nose baby boy...I got a lot better things to do...
I feel sorry for you baby boy and hope you find a real purpose in life.....we both know nothing I say is gonna change you....your scarred and damaged way to much for me to help you....you need the assistance of a professional
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I can't cause it wont.....I've been educated....wish I could say the same for you princess....
Pathetic-
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Why is that ridiculous? Valid question to ask...
Seriously? If you think that's a valid question...you should definitely do a little research
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Here is an idea.....why don't YOU write some emails asking them if there is an RV pending why they aren't hoarding the dinar for themselves. ....lol
That's the most ridiculous thing I've ever seen you post....
Your telling everyone your a lopster
But you say you can't understand why your in the tank
He knows why hes here....
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Of course!!! By God I think you have figured it out!!! (Facepalm)
they finally put you where you belong baby boy!I don't check in here very often but to my surprise its so nice to see you quarantined.....its to bad they let you run so many good people off before it happened...
I see you STILL love to piss people off and spend all your spare time here....I told you a long time ago you should really consider seeking the help you so desperately need...theres way more to life baby boy....
So now I read you sold your dinar and are STILL here OMG...get a grip and go do something productive with your life...theres still time baby boy
But hey again
to the ones who finally put you in the right place...rock on baby boy-
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Baby boy....you have got to get yourself some help...you are nuts...funny though...I almost feel sorry for you...really pathetic man...do you know the definition of insanity?
Anyway...you seriously should give it a rest...lot more to life than the iqd...I know I know you just stop by to help people...LMFAO!!!
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Ocean front property in Arizona
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Awww are you getting jealous?? Hahaha.....and just so you can update your vocabulary, the days of "grease monkeys" actually being a legitimate term are gone..... = )
you know better than that baby boy.........LMFAO.....only in your world
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Keep,
Now I finally get it!
I figured out how you know so much about the GURU species.
It takes one to know one.
I now proclaim you the" BAD NEWS GURU ".And here is your little stage!Enjoy your new found status!
Quad The perfect tag for the grease monkey
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When those frozen assets are released they will go to the Iraq treasury , NOT to the CBI reserves! Also the 30T of gold is in the treasury NOT the CBI reserves.... The reserves and the treasury are two different accounts. Only the CBI reserves back the dinar.
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In case you didnt notice, someone else started this thread asking a question......god forbid someone give a straight forward answer.....
And by the way, if you are still such a fan, you would have seen my responses in the other threads to the more positive articles.......thanks for stopping by......
Thats funny...I didnt see you comment on any of these.....
BAGHDAD / With: spokesman called white parliamentary bloc Kazem Al-Shammari to make an appointment to reset the Iraqi currency.
Al-Shammari said in a press statement, received a "news the future," a copy of it, that "the high volume of reserves of Iraq from foreign currency to $ 76 billion in addition to the 30 tons of gold bullion, and out of Iraq from Chapter VII, make it necessary to set a date to reset the Iraqi currency ."
"The investment of this reserve big help to raise the value of the Iraqi currency compared to foreign currencies, and thus will contribute to reduce the prices of goods and commodities, would be reflected on improving the living standards for the Iraqi people and thus contribute to the insurance community and reduce crime and the fight against terrorism." Ended
http://translate.goo...w.mustakbal.net
Central Bank Governor promises bright future for IraqisBy Adel Kadhem
Azzaman, July 9, 2013
Iraq’s financial capabilities are stronger than any challenges the country might be facing, said Deputy Governor of the Iraqi Central Bank Abdulbasit Turki.
“The near future will be a surprise … our potentials are greater than any challenges we are going to face,” Turki said.
Turki made the remarks during a celebration marking the 10th founding anniversary or Iraq’s Commercial Bank.
Turki took over the Central Bank’s administration almost 10 months ago, following a period in which the bank’s former leadership was alleged to have pursued policies detrimental to the country’s economy and the exchange rate of its national currency, the dinar.
Iraqi Central Bank’s coffers are reported to be brimming with hard cash with reserves estimated at more than $70 billion.
Turki said the short period in which he has been at the helm of the country’s most influential financial institution has provide him with evidence that Iraq will overcome its economic difficulties with great leaps forward in the near future.
He did not elaborate, but hinted that his bank was negotiating with international banking institutions to open branches in the country and at the same time encourage foreign investment.
“We have met delegations from some of the world’s largest banks who are willing to start operating in Iraq,” he said.
Turki said his institution wants to turn Iraq into an arena for investment, particularly by foreign firms and entrepreneurs to rebuild its infrastructure.
“Iraq is open to all investors willing to invest in it and reconstruct its institutions,” he said.
http://www.azzaman.com/english/?p=855
07/09/2013 12:00 AM
Baghdad - Mostafa Hashemisaid economic expert d. Peace Sumaisem: that the Iraqi dinar is witnessing a remarkable increase in value, especially in recent times, and after the withdrawal of Iraq from Chapter VII. Added Sumaisem told (morning): that there are several countries want to buy the dinar because it represents the currency of financial cover strongest in the region as well to being represents one of the aspects of investment for foreign investors, noting that there are expectations of higher value of the dinar
to rates close to the standard which makes it desirable in global markets. explained Sumaisem the global currency markets is going according to the principle of expectation of higher currency or decline, and on the dinar, there are projections indicate to increase the value of the dinar in the global markets, He Astdrki that the fluctuation in the exchange rate within the country significantly affect the value of the dinar abroad. It is worth mentioning that there is a website
American trading buying and selling Iraqi dinar since 2004.
Read more: http://dinarvets.com/forums/index.php?/topic/153918-the-high-value-of-the-dinar/#ixzz2Yelcer1r
After the exit of Chapter VII sanctions on Iraq, international banking organizations are looking to invest in Iraq. The Iraqi central bank has recently declared that presently Iraq possesses high volume of foreign reserves, which is around 76 billion dollars and in addition to that bank owes 30tons gold bullon.Treasury Adviser Helal Al Ta’an, stated that this reserve will help raise the value of the Iraqi currency, compared with foreign exchange and thus contribute to the reduction of prices of goods and commodities.
The currency reserves of the Central Bank is supporting the Iraqi currency in and out of Iraq, and increased oil imports might contribute directly to increasing the reserve and give more support to the Iraqi currency.
Economist Majid Al Souri remarked, “The investment of surplus reserve is a deliberate economic policy of the country.” the parliamentary Financial Committee member Ahmed Al Masari criticized laws and banking regulations followed in Iraq, confirmed that the Parliament is determined to enact laws regulating banking in the future.
The central bank declared that earlier the foreign reserves and gold were used to be managed in global banks. But after the exit of Chapter VII, the bank got more freedom and thus liberal decisions of the bank will bring future economic successes.
Just admit your the biggest lopster around...they just let you swim free for some reason...
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Research "removing zeros" or "lopping zeros" on google.......you will find your real answer. The CBI is talking about the same process as all the other countries that removed zeros. The giveaway should be when they have referenced those countries that lopped and have specifically stated a 1000 to 1 ratio for exchanging old for.new......
Regardless of what you favorite.gurus tell you, its NOT what we want.....
Lol....look at you baby boy....ALL the great news as of late....including Turki talking good stuff....and you make a beeline for the lop debate.....you are one funny dude!
Heard you moved to Florida?
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This article isn't too comforting to me either. I just don't see them saying they will raise the zeros from the nominal rate, this would cause a run on the dinar. They won't announce anything about that until it is done. All these articles are politicians wanting their names in the news when something good does happen. It's all political jibber jabber.
Check out the article from the man Turki himself...
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Citizens confidence in banking is huge....
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Why do you think the CBI and the GOI wants to promote the IQD in investment company dealings to support dedollarization and promote the strengthening of the national currency and economy. They also said “increase its value and enhance confidence.
Because they know the value is about to be raised and the program rate removed after sanctions left them in a really bad spot for decades.....one of the biggest parts to this is to instill confidence in daily banking amongst Iraqi citizens who have never used a bank.....timo they won't hand over there dollars until the dinar has value....
Turki is telling you what we all have been waiting to here....its ok to be excited!
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yes. big demand for dinar internationally, followed by billions, possibly trillions in investment is a good recipe.
Agreed!
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You know I'm with you there....my point exactly. ..they will gladly give up the USD after the RV!if there is a rv, there wont be a problem of removing usd. Ill gladly help
This is a great article. Do you hear the sound of all that money pouring into Iraq? Big rv, little rv, whatever......they can do something, and it sounds like its going to be soon.
Definitely getting interesting finally....
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Because right now they are dependent on the US dollar for daily purchases , they need to go back to the way it was before the wars and make the dinar strong !! Lower the demand for the US dollar in your country put more faith in your own currency !!
That's kinda far fetched imo....after the RV....they will have plenty of faith in the Dinar
In your scenario...every Iraqi would then become stinkin rich right front m the get go.....if they hold USD and the RV happens they then turn their USD into dinar.....they get their purchasing power back
All of this is pure speculation and know one knows how this will end....just try not to state your opinion as fact....there are not facts....just speculation
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Iraq cant RV until they reduce the money supply and reduce the US dollar in the country !!
Why would they want to remove USD?
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No, no I see it. I am just saying this could happen, Just fun debate. I am here cause I think there will be a middle road where all do well - they will RV low, as Adam says, say .10 to .25 and we do well, cash in window, then when that's closed, they raise rate much higher to a dollar. This way investors are satisfied, foreign investment continues, there are no overnight millionaires and Iraq can handle that rate as a fiat currency.
That's the picture I see.
I can definitely see it that way.....I still see it a little bigger but hey...I like to dream
especially when I read an article like this......
Baghdad - Mostafa Hashemi
said economic expert d. Peace Sumaisem: that the Iraqi dinar is witnessing a remarkable increase in value, especially in recent times, and after the withdrawal of Iraq from Chapter VII. Added Sumaisem told (morning): that there are several countries want to buy the dinar because it represents the currency of financial cover strongest in the region as well to being represents one of the aspects of investment for foreign investors, noting that there are expectations of higher value of the dinar to rates close to the standard which makes it desirable in global markets. explained Sumaisem the global currency markets is going according to the principle of expectation of higher currency or decline, and on the dinar, there are projections indicate to increase the value of the dinar in the global markets, He Astdrki that the fluctuation in the exchange rate within the country significantly affect the value of the dinar abroad
http://www.alsabaah....w.aspx?ID=49878
Read more: http://dinarvets.com/forums/index.php?/topic/153918-the-high-value-of-the-dinar/#ixzz2YZfwPuDF
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I now can see how deltetion of the zeros/RD is definitely in the plan..........hey "other countries" buy millions of dollars in dinar so we can pull off our value neutral event........
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think you're right
This is a tough one.
Iraqis are being paid in dinar. Stands to reason they have thousands stashed away or used on a regular basis, along with US dollars. Soooo....even a slow rise will increase value of their stashed dinar - so they will keep them, and become become millionaires later....LOL ( I don't believe the millionaire thing)
Of course, this problem can be avoided by a cash-in window of a year, say - then they really raise the rate. So prob come out with .10 or .50 cents, make everybody cash in (including us) then raise it to a dollar.
Problem with your reasoning is this: they CAN RD the currency and THEN raise it to $4.00 and be the most powerful currency in the ME.
Unfortunately.
Argue me this.
Im not arguing anything...just stating my opinion and my belief....if I thought like you I sure surely wouldnt frequent this site....
There is no doubt your scenario is a possible scenario....however I just dont see it going down like that....way to much big $$$ headed there and way to much at stake......ever really consider why there is no msm coverage?
Lot more going on than meets the eye....but hey by all means if you dont see it...knock yourself out waisting your time
Exchanging your dinar
in LOPster tank
Posted