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i_musician77
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Posts posted by i_musician77
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"He is calling for the CBI to raise the value of the Iraq dinar which is the RV. "
U serious?
Central banks don't even hint at RV's.
Again....you're making a definitive statement that is not true. Look at our own Federal Reserve. The efforts recently through quantative easing are designed to control both inflation and strength of the dollar againts foreign currencies. The 'injection' of liquidity into a marketplace is designed to do just that...control the rate. You can't argue this fact.
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THIS is talking about the MARKET PRICE in Iraq. Has absolutely nothing to do with an RV.
"Iraqi currency recent witnessed volatile large represent the low price of the Iraqi dinar against the U.S. dollar and this dire economic damaging all citizens calling the central bank to work to raise the value of the Iraqi dinar against the dollar exchange rate".
This says nothing about the market rate...it states the exchage rate. Not the auction price against the dollar, as that adjustment has already happened. Not saying it is calling for a float, just saying there is nothing difinitive stating it's calling for a market correction against the dollar/dinar auction rates. It is speculative and should be stated as such. There is enough supporting evidence to argue both sides. It is my opinion Iraq IS moving for a marked increase in the value of it's currency. I have stated before that the Tariff 'laws' discussed are critical and seem to have been passed over by most dinarians. Those that truly understand the importance and purpose of tariffs know they are effective with a valuable domestic/native currency. De-dollarization is happening. I have heard many argue the fact that there are some 70 trillion dinar in circulation, of wihich I find very hard to believe...there is no evidence to support this claim. Nonetheless, the amount of Dinar in circulation within iraq is really of no relevance assuming de-dollarization is effective. The number that is of relevance is the amount of Dinar outside it's borders that can be exchanged at a significant rate....i.e, the Yen, the Euro, The Dollar, The Pound. It is absolutley within Iraqs' best interest to raise the value to atleast on par with the USD. My two cents worth...
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This could simply be that Iraq is a staging area for troops in Jordan. Wouldn't read too much into this.
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plus 1 from me to help offset Sandyf....strange you would get negged for posting this. You were simply quoting...
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From Paragraph 2 of this article..."the central bank said it would double lenders' weekly share of cash and allow them to determine the price, which was previously fixed at 1,189 dinars to the dollar".
Does this not indicate a float of currency?
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"as a result of increased oil production, which will refund substantial financial resources of hard currency, which makes the country away from the global economic crisis’."
Essentially stating they are insulated from within given their resources....Good find. Thanks
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As a side note, let's not forget the efforts Iraq put in place for Tariff implementation. This effort surged during the International conference and may have some bearing. For Iraq to truly trade internationally and attract foreign investment, the value of their currency will have to rise. Tariffs are priced and collected in the native currency. Since Tariffs are a true competitive equalizer, we know their currency must have some value. This seems to have passed by most discussions. Additionally, we know that Iraq has been in meetings with WTO as well. Big picture is relevant. Just a thought for consideration.
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This is really a no-brainer piece of information.....but positive nonetheless! Thanks Yota
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Is this for real or a very very bad joke??? I just read it elsewhere and ran to DV... what is up, are we just waiting for it to be traded globally or what?
That is the Million dollar question bamagirl.....no pun intended. Two articles in as many days stating the same. Very interesting
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I just read the article on another site...this is a new article and is interesting that two articles would state 1.18 or 1.19....two misprints????? Fishy.....where's Sandstorm now????
With all the education, logic , thinking provided by this site I am surprised anyone here would believe in this mis-information ... I smell despiration. If the CBI is buying dinar at 1166/$...there IS NO RV ,ANYWHERE...
Despiration as in perspiration or desperation????? Ok, there's my grammatical rant for the day. Don't take it personal.
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when i try to pull the link up I get a site forbidden message....hmmmmm
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It is interesting. I am curious what procedures are in place for Currency exhange from Dollars to Dinar in country. Since dollars are a tradable currency in country I am very curious. Anyone care to weigh in??? Again, this does appear to be another effort to remove large dinar denoms from circulation. Which is good!
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Baghdad / Orr News
Iraqi central bank decided not to allow citizens to travel outside Iraq to bring the cash more than 5 thousand dollars. The central bank adviser said the appearance of Mohammed Saleh, said that the bank and within the work of the new procedures for the organization treated the commercial market and monetary Baghdad and the provinces issued a circular to all government and private banks to grant Iraqi citizens cash when you change the local currency into foreign currencies other for the purposes of travel and tourism and pilgrimage and treatment outside the country by giving them $ 5 Thousands of dollars only when you change currency and without collateral taken from citizens who wish to change their local currencies. Saleh added that the central bank also decided to double the quota weekly to these banks to about $ 4 million for the purposes of covering spaces change the currency for travelers and without collateral and complications when changing currency in order to expand the deal market and give the flexibility and wide freedom of dealing with citizens and facilitate their affairs, as well as doubling the amount of dollar cash for the purposes of travel and tourism and pilgrimage and treatment, as any citizen can now get the 5 thousand dollars when discharges from the local currency into foreign as Iraqi nationality and has the paperwork, and in the context of efforts to reduce the rate of speculation and facilitate procedures for citizens.
Another great way to get the large denoms out of circulation. I like it
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They are talking about the market rate. They have brought it from over 1200 to 1190 or 1180.
This is not saying rv to 1.19. Great to see some figuring that out
I was anxiously awaiting your rebuttal Sandstorm. I'm not arguing your point. However, can you make the numbers given make sense with your argument? I can't. If your certain it's about the auction/market price adjustment, feel free to show us how 1.18 or 1.19 fits this equation. I passed math class many times over....i'm not seeing the relationship.
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Misinformed USA: Why average Americans vote for Republicans
One can only wonder why average working class Americans would vote for a party that is so obvious in their bias towards the wealthy. It would make sense that someone in the top 1% of the income bracket would vote for the Republican party since they have the wealthiest American's best interest at heart. You could even make the case that highly religious Christians would vote for Republicans even though, at times, they vote against their own best economic interests. So the question remains, while scratching your head, why do working class Americans vote for Republican candidates?
I recently sat down and spoke with an acquaintance of mine, trying to get a grip on what people are thinking about the future of our country. He said he will vote for Mitt Romney because, "we need a business person to get our debt down." I asked where he got his news, and after trying to deflect from the question, the answer finally came. "I don't pay attention too much, but when I do, I watch Fox." Fox News is the primary source for information for millions of Americans across the country and that's where the problem starts.
Whether it's Bill O'Reilly, Sean Hannity or other right wing ideologues, Fox News is a tunnel vision information outlet with only one particular agenda that is being pushed through. Millions of Americans watch Fox News, listen to the likes of Rush Limbaugh, Neal Boortz, Michael Savage and others while getting information from right wing think tanks like the Heritage Foundation and the Cato Institute. With big businesses and billionaire allies, the truth and facts in American have gone from a clear right and wrong, black and white situation to muffled shades of gray. It's not to say that Fox News, the Cato Institute and others like them totally lie because that would be too difficult to pull off. What these think tanks do, is take a fact and twist it to fit their own personal agenda, leaving out key information that would contradict with the platform they're trying to create.
A perfect example in describing the way groups like the Cato Institute operate is a report that came out by alternet.org. In the early 2000s, the Cato Institute released a report that suggested that families receiving welfare were making between $17,000 and $25,000 a year, but the Center for Budget and Policy Priorities countered that claim. The Center for Budget and Policy Priorities showed that the average income for welfare recipients was below $9,000 a year, which is nearly $3,000 a year below the poverty line.
The misinformation also comes from another right wing think tank, the Heritage Foundation. In 2011, when Paul Ryan released the "Ryan" Republican budget, the Heritage Foundation claimed that unemployment would drop to 6.4% in 2012 and to 2.8% in 2022. A report released by the Washington Monthly pointed out that these claims were extremely exaggerated. The CBO, the Congressional Budget Office, showed the errors of the Heritage Foundation's report and the director of the Heritage Foundation's Center for Data Analysis, William Beach, was forced to walk backed the claims.
In 2009, the Heritage Foundation released ads attacking the Employee Free Choice Act, a bill that was brought to congress that would give all employees the right to form a union without fear of being fired from their current job. Since the Heritage Foundation is bought and paid for by million and billionaire conservatives, the idea of having workers unite with more power and freedom threatens their control at the top. The ads released painted a false picture about the Employee Free Choice Act, claiming that unions will bully workers into joining them with an attempt to take money from the employee. According to the Huffington Post, the Heritage Foundation "frame(s) the EFCA issue based on bald-faced lies. Business-financed 'think tanks' like Heritage propagandize workers against their own interests in psychologically sophisticated ways, often pulling on their heartstrings and framing their anti-union stance as 'common sense.'"
Average Americans need to be more informed about what is going in the country, but also where to get their information. The argument isn't about holding a liberal or conservative ideology, it's about facts that are based on truth or information that is based on twisted logic. Americans need to learn to dig a little deeper to find honest reporting, not just believe something that falls in their lap at the expense of a billionaire funded think tank or news organization.
I prefer to base my information on what we seem to all have long forgotten..."The Constitution of the United States Of America". The quoted rhetoric is a generalized statement. There is NO substance at all. What our Country now faces is exactly the reason the Revolutionary War was fought to begin with. Our country is facing extreme Socialism...it's being spoon-fed, and it's tastes good to most. And Socialism MAY work for some...it simply has no place in this Country. It is not the cornerstone of America. Our foundation is crumbling underneath us, and we've been led to believe it's good for us. I call BS....I prefer hard work, morals, integrity, slef-betterment, and Prosperity over PROSP'SHARITY" any day. I can sit and spew fcats of our rapid closure on the Socialist finish line, but we all know it already. The fact remains that many people have literally conditioned themselves to believe that it's NOT ok to go after your right to achieve what was intened to be achieved. It's those that chose to gorge themselves with handouts and entitlements that have grown to love the ways of Socialism. Everyone needs a helping hand every now and then. I recall the days when your community would be the first to lend assistance. Not anymore. What's even more striking, is that our Stock markets are now responding Positively to Socialist Government behaviors....this is s Fact. Guess what people...this gravy train the Government has been feeding is about to run out of mush to feed. Then what????? I am not a Democrat...I am not a Republican...I am an American. I believe in what this country was built on. I know many that have died to protect and preserve this way of life. I will stand for those freedoms. This one statement I thouroughly agree with "Average Americans need to be more informed about what is going in the country, but also where to get their information. The argument isn't about holding a liberal or conservative ideology, it's about facts that are based on truth or information that is based on twisted logic. Americans need to learn to dig a little deeper to find honest reporting, not just believe something that falls in their lap at the expense of a billionaire funded think tank or news organization"...go back to basics. Read the Constitution, refresh yourself on our history, and then you tell me if this is that same America. My two cents worth...best to all
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Already forwarded to entire contact list...TOTALLY AGREE!!!!
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Fantastic post! One of these a day keeps gloom away!
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i guess some people dont understand that there is NOT enough gold to support any economy any where any time ever again ..
hang some dice from your rear view mirror . .. put some fur on your interior..git cha some some bling and pay for your pack of ciggaettes with gold you can carry around a salt shaker and sprinkle a flake for a pack ... gold coins .. lol .
if its just a redeemable token for goods and services .. why would it need to be made out of gold ...its just a coupon .... gold is only good for what its good for .. conducting electricity .. its a good conductor because its soft and dense like lead .
money is what?..
if the world was freezing over .. money would be insulation.. if you were about to freeze to death what would you rather have a piece of gold ..or a blanket ?
gold is not money .. money used to be made out of gold but not any more .. gold is to valuable its industrialized .. you want to make gold pretty ..lol
food is more like money than gold is.. gold is a limited commodity .. so is every other mineral on earth
Gold is not a "mineral"...it is a precious metal. Additionally, Gold could be used to support an asset backed currency simply by raising the value of Gold itself globally, which is exactly what speculators do. Look at the price of Gold from twenty years ago to where itis now. This is how this big pinwheel of currencies continue to spin. Is it a real assesment of supply and demand???...no, it's not. But that's the way it works. If Gold was driven simply by consumer demand for the 'oooh it's pretty' factor, then your argument may stand. As we all know, that's simoly not the case. There is a direct relationship to commodity prices and inflation. Gold, unlike wheat, rice, and corn, is not subject to dramatic surges + or - due to supply and demand that is extremely volatile dependant on weather conditions any given year....VERY DYNAMIC. Gold is rather Static in it's availability and quantity....therefore, it is a MUCH better candidate as a "currency" plumb-line. My two cents worth...
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MOUTHFuUL! thanks for the post!
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This is by far the most definitive statement to come out of Baghdad. Furthermore, I find it interesting that this article would come out on a Sunday. It will be interesting to see how markets react to this. Typically, in a standard market, this information would be forbidden by the FTC to avoid insider trading. It wouldn't make sense to disclose this prior to a fulfillment/completion of the objective. Pair this with the article of Ban Ki Moon and Iraq chapter 7 lift and you have a formula for success. I am not calling it, I'm simply observing the facts in place. Don't believe for a second that the PTB don't understand Global economics and currencies. This does not indicate a LOP, it doesn't indicate a float. It is explicit in indicating an REVALUATION of currency. Dollars and Dinars have been coming out of circulation in volume for some time in Iraq. The timing is right. I stand to be corrected, but am extremely encouraged by this news.
:D :D-
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Taxes will mean nothing unless Congress gets back in session to resolve Fiscal Cliff crisis....my instincts tell me they will not. If they don't, tax rates will remain unchanged. Time will tell....Congress only has 10 days left in Session before Holiday break. Considering it is an election year, and campainging seems to rule the agenda, it's almost certain the perverbial can will continue to be kicked down the dirty road....
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Oh, grow up for the love of Pete!
That's it. I'm going over there and stomping my foot.
BRB with the RV.
Go get it Deborah!
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Forget the Ferrari....keep it American. Go find yourself a Ford GT...best car 250k will buy you
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Excellent! Thanks for the post!
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Iraq economic expert Says...
in Dinar Rumors
Posted
This article IF true, supports the speculated rise of the Iraqi Dinar against the Dollar. The Tariff act of 1955 is considerably favorable to future investment in Iraq assuming they have a currency of value atleast on par with the USD. I'm not stating this says an RV is imminent, just stating the facts of the Tariff Act and basic economics. This IS good news assuming it is factual.