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CNN. Broadcasting While Med Keeps Interrupting My In Law Joke ... Med (04:17:07 AM): GM DS I WANT TO BRING UP A COUPLE OF ISSUES MY SISTER IN LAW WHO ISNT ON THIS SITE CAME OVER WITH MY MOTHER IN LAW YESTERDAY - ACTUALLY WE HAD A BLAST CINDY WAS AT WORK AND SHE ASKED IF SHE COULD PUT ON ANOTHER SITE SHE WATCHES SOME MORON WHO CLAIMS TO BE SOME DINAR GURU I HAVE NEVER HEARD OF HIM - BUT THEY WERE LOOKING AT HIS COMMENTS AND TELLING ME ABOUT THEM THIS GUY CLAIMED TO HAVE SOME INFO FROM SOURCES THAT SAY THE DINAR CAN REVALUE AT THIS MOMENT TILL AUGUST 15TH DURING RAMADAN – ... OK THIS IS IMPOSSIBLE AND HAS BEEN ADDRESSED BY THE IRAQI MEDIA BEFORE RAMADAN IS A RELIGIOUS CELEBRATION AND IT BEING SO NOTHING IS ALLOWED TO DETRACT FROM THAT - AND IT WAS EXPLAINED THAT A REVALUE DURING RAMADAN OR A GIFT OF MONEY TO THE PEOPLE OF IRAQ WOULD CHANGE THE ACTUAL REASONS FOR RAMADAN - AND THAT IS EXACTLY WHY YOU WILL NEVER SEE AN RV DURING RAMADAN - OR IT AS A GIFT TO THE PEOPLE OF IRAQ IN FACT IN PAST YEARS THE PEOPLE HAVE GOTTEN NOTHING BUT A BEND OVER FROM THE IRAQI GOVERNMENT AT THE END OF RAMADAN THE REVALUE OR THE DELETION OF ZERO'S FROM A CURRENCY IS NOT JUST SAYING TODAY IS THE DAY IT IS A PROCESS AS I EXPLAINED TO MY SIS IN LAW EVERY COUNTRY THAT GOES THROUGH THE IMF HAS THE SAME PROCESS AND PROCEDURES WE HAVE YES - NEWS THAT THE DINAR WILL CHANGE THE NOMINAL VALUE BY DELETING THE 3 ZERO'S - BUT TO THE ACTUAL COME OUT VALUE - THAT IS STILL ANYONES GUESS REMOVING THE ZERO'S IS ONLY SAYING IT WILL BE ONE PENNY AT WORST WHICH IS STILL A PROFIT OF 9K PER MILLION YOU BOUGHT - IS IT WHAT WE WANT NO – BUT ONCE IT STARTS HOPEFULLY OIL PRODUCTION WILL REACH THE AMOUNTS PROJECTED BEING THIS IS THE ONLY ASSET RIGHT NOW IRAQ HAS GOLD IS SURELY AN ASSET BUT THEY STILL HAVE LIMITS AND THE NATURAL GAS RESERVES WHO KNOWS WHAT THEY ARE PRODUCING ON THAT AND NO OIL FUTURES HAVE BEEN SOLD SO FAR NOW IT IS ESTIMATED THAT IN 3 YRS OR LESS IRAQ WILL PRODUCE WELL OVER 12 MBPD BUT WILL THEN BE FORCED DOWN TO 8 TO 9 MBPD WHICH IS HUGE - WHICH IN MY MIND WILL EASILY CARRY A VERY HIGH RATE OF EXCHANGE ONE ISSUE THAT IS LOOMING OVER THE DINAR IS SO FAR IT IS ALL TALK AND THE PEOPLE OF IRAQ STILL WOULD RATHER USE THE USD OVER THE DINAR THE PEOPLE OF IRAQ HAVE TO BE SOLD ON THE IQD THEY NEED TO SHOW CONFIDENCE IN ITS USE FOR PURCHASES WITHIN ITS BORDERS ALSO OK WE ARE OUT OF CHAPTER VII WHICH RESTRICTED INTERNATIONAL TRADING BUT SO FAR NOONE IS JUMPING IN TO TRADE WITH THEM THEY STILL ONLY HAVE THE OTHER SMALL 3RD WORLD COUNTRIES WHO THEY ARE MAKING DEALS WITH THE ISSUE IS THE ARTICLES IN THE IMF ARE IMPORTANT - THEY ARE CURRENTLY UNDER ARTICLE XIV WHICH LIMITS THE DINAR WE ALL HAVE SEEN THE PAGE ON THE IMF THAT LISTS ALL THE CURRENCIES CURRENTLY ACCEPTED FOR PAYMENT AND FOR TRADE - IQD IS NOT LISTED IT HAS TO BE THIS MEANS IT IS TRADEABLE AND ACCEPTED AS A WORTHWHILE CURRENCY TO USE TO PAY FOR TRADE AND SERVICES - AND ALSO TO REPAY THE SDR'S THEY WERE AWARDED WE ALL KNOW THAT ONLY THE USD IS BEING USED BY THE GOI IN ALL FORMS OF PAYMENT INTERNATIONALLY - NOW IRAQ CAN CHANGE THE VALUE OF THE IQD AND USE THAT VALUE INSIDE IT BORDERS NEXT IS THE 3 MAJOR BANKS WHO MOVED BACK INTO IRAQ AND WHEN THEY MOVE TO ACCEPT THE IQD AGAIN FOR EXCHANGE - THEN WE ARE ON OUR WAY IF THEY DO REMOVE THE ZERO'S THIS YEAR AS STATED THEN IT WILL NEED TO BE DONE SOMETIME DURING THE NEW BUDGET IS PASSED OR WHEN REALLY DOWN TO EARTH DISCUSSIONS ARE GOING ON I PERSONALLY THINK THE LAST QUARTER OF THIS FISCAL YEAR IS THE TIME WE ARE WAITING FOR I AM ON TOP OF EVERYTHING GOIN ON I JUST HAVE ALLOT ON MY PLATE AND I NEEDED A BREAK OUT IN THE WOODS I THANK YOU FOR THE PATIENCE YOU ALL HAVE A GREAT DAY MED OUT
