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Engine1
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Posts posted by Engine1
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7 hours ago, NoviceInvestor said:
We would all feel better if “soon” became tomorrow 😊
The problem is " tomorrow " never comes. Well I guess tomorrow and a revaluation have something in common. Ya I have been sitting on 2,142,000 dinar since 2005, thought it would have revalued by now. Now I am feeling like it will never Rv, but still coming into this site for my daily let down. Ya I hope I am wrong and someday it revalues. But not feeling it.
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2 hours ago, gregp said:
Great news. June could be our month.
Thanks to the two’s of ya!
Or any one of the 12 months could be our month. But what year or decade is my question.
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Wow 8 day curfew now everybody is living on the dream the RV will happen in 8 days. I remember when the dream was when they did this or did that, all you DV'rs do is read into anything that comes out in the news. Y'all gotta stop reading into the news that comes out of Iraq, when or if this happens is anybody's guess. And I say if because I have learned towards if for a long time because I have did like all of you guys. I use to read into the news but realized no matter what the news says. I cant twist it to my liking.
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21 hours ago, Laid Back said:
“he pointed out that printing the currency is one of the options of Mustafa Al-Kazemi’s government.“
I hope Abadi is referring to the Lower denomination notes.
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11 hours ago, Laid Back said:
Thanks for your input Engine1, they are moving to an electronic banking system, with a e-card no need a thick wallet to carry 200,000 X 5 dinar notes.
Agreed jcav, 👍🏼🙂
Laid Back you were the one hoping they were talking about printing lower denominations, now e-cards
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5 hours ago, Laid Back said:
“he pointed out that printing the currency is one of the options of Mustafa Al-Kazemi’s government.“
I hope Abadi is referring to the Lower denomination notes.
Oh great an Iraqi who makes let's say 800 US dollars value in Iraqi Dinar will be walking around with a million worth of dinar. Yup 200,000 5 dinar Bill's. That's one thick wallet. Unless they are going to keep on printing the 25000, 10000 well ya the big bills I can see that.
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On 4/25/2020 at 5:42 AM, jcav said:
Too low. The country's currency will be bought out by big investors.
So if .78 is so low big investors would buy the country out of currency. Why are the big investors waiting for it to go up why not buy them out now?
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A while back in these post someone stated that if the oil could stay steady around 50 bucks or so per barrel that would be a perfect time to RV. Now the oil has hit an all time low according to some it's a great time to RV. I have been reading these post for many years and it seems to me that everytime something goes on around the world or in Iraq people can twist it to their liking and its RV time again. Every year around Ramadan oooo it's a perfect time to RV. I would love to see this RV but I refuse to read into any news source and twist it to make me feel good. I just wont read into things. When or if it does happen I am sure we will know, but reading into things and deciphering the news to our own liking wont move it along any faster. I know I am pissin on your dreams ( mine too ) been in this since may/june 2005.
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Oh ya let's keep you all at a social distance from each other. But when Ramadan starts let's put all you camel humpers in a tent and enjoy the virus together.
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2 hours ago, Gypsygirl11 said:
Oh God not Ramadan again. I don't know any more about this speculation. Something's got to go down here
Yup every year somebody has to throw out Ramadan and yup Ramadan comes and goes every year and yup you know it NO RV. So I am willing to bet this Ramadan will come and go and we wont see the iqd RV.
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Washington was preparing for the possibility of putting the Iraqi Central Bank under surveillance because of its "involvement in illegally withdrawing the dollar and smuggling it to Iran and its arms in the region."
I read there is a possibility of this.
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13 hours ago, Gypsygirl11 said:
Jesus Christ, it never ends. These people must be stupid or something. SMH. Obviously they have a death wish
I have to ask,,, what does SMH stand for? I keep on seeing it but dont know what it is short for.
That's all
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3 hours ago, gregp said:
Yes it does my friend. Just found my dong. I think this could be a real game changer. Their production is competing with China. Compared to China’s currency, the dong is way undervalued. Left my glasses at work so I can’t see while typing. 😂I knew where my dong was the whole time, just had to pull it out. Got my dong in one hand and my dinar in the other ready to go cash in.
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Or, maybe they ran out of funny money to sell and they need to make more to sell. Really come on now everyone needs a million or so of this funny money. Heck if I could print funny money and sell it at a higher price than it cost to print, I would do it too.
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If I were to read into this like myself, I would say just another day for those Iraqis. But if I were to read into this as a person on a pipe dream I would say ( wow this is going to happen) but since they didn't say anything about a RV it's just another day.
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They have gone without auctions before. DON'T read anything into it. . You guys have to stop reading into news articles in Hope's that every article is positive. This has been going on for many many years. I have been going onto 15 yrs myself. And all the positive twist you put on it ain't helping.
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So they finally accrued enough US dollars selling us their funny money. Now they will be using US dollars to pay off their debt. Well that is how I see it.
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4 hours ago, Gunnytex said:
Yo. Engine 1. !
A little Currency Exchange 101.
Cashing In - Doesn't Happen.
Its called an Exchange for a reason.
A Exchange ..( less bank spread fees) a Even One. No Gain or Loss on either side.....An Exchange.
So read up on that ...and there will be a test this Friday. 😎😎
Really. Cashing in doesn't happen? Wow, what are you going to do with your dinar? Just hold onto it or cash it in?
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10 minutes ago, fancy said:
I'm listing to FOX News with Maria Bartiromo talking about the fall in oil around the world and the correction that needs to take place, some type of stimulus so that the oil market won't collapse...........easy fix for Iraq RV! Sorry wasn't able to get a link.
How will an RV keep Iraq from collapse? They way I see it if they RV everybody will be cashing in and it will cost them a lot of money. Which I guess would put them more in the hurt bucket. ( well that's how i see it )
But please explain how a RV can keep them from collapse.
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It has been the perfect storm many times over the years. Once it was because oil prices were high which would give iraq a better value on their money. Then it was low and that was a perfect storm. Then oil went up again oh that was a perfect storm again. This has been going on for years. It's easier for Iraq to sell their toilet paper at a low price and buy it back at a even lower price. Why would they sell low and buy back at a high price? I have played in the stock market for years and also managed all of US Banks 401k's for years and nobody makes money selling low and buying back high. Ya I know what you are going to ask,,, why are you here ? Well I invested in this sh_t show and will stick it out just to see if I can be proven wrong. I really hope I am proven wrong but I have been here since 2005 and no such luck. I know this isnt what you want to hear, so give me all the negatives you want they wont and dont hurt my feelings, heck they mean nothing to me. Just like the positives mean nothing too. Just voicing my opinion.
Sorry for the rain on your parade.
Have a great day.
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It goes up. It goes down. Then it goes up again. Oh ya it goes down again. That is what oil prices do.
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So oil prices raise and oil prices fall.
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On 2/22/2020 at 2:58 AM, GregHi said:
We were told a month or so ago that they wouldn’t start working on the budget till April and end up approving it in May. My opinion is the reason for the delay and why they haven’t even been allowed to view it yet is because the figures wouldn’t make any sense. I think the rate change will happen right before they start looking at it.. End of Q1, or start of Q 2.
Or maybe this is how Iraq works. They delay everything and nothing is consistent or done on time. Dont read into anything out there it will drive you crazy thinking just maybe it's time. Been on this sinking ship for 15 years and hopefully a lifeboat will come our way but I wouldn't hold my breath.
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3 minutes ago, keylime said:
"It's hard to know how it will affect the RV, but I would assume it will take a back burner to the coronavirus."
The RV can't take a back burner to anything, it hasn't made it to the stovetop yet.
I think the RV is still out in the field and hasn't been harvested or watered, now its dried and dead. But I guess I will sit here for another 15 yrs and wait. I guess you never know oh nobody knows when or if it will RV.
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Adam Montana Weekly 27 May 2020
in Chat Logs
Posted
June 15th will be 15 yrs for me, but who's counting. Certainly not counting our money from a RV.