Great Med chat

[Alex38]

Med says to (12:10:18):

WE HAVE SOME MORE GREAT NEWS

AND IT WAS POSTED BY HARRY

TO ME

THIS ARTICLE IF IT WERE A BASEBALL GAME

WOULD BE A GRAND SLAM

IT IS A TELL ALL

NO BS

NO FRILLS

NO ADD ONS THAT MEAN NOTHING

THAT THE NEW EXCHANGE RATE

AND GOING TRADEABLE

IS FOR ONE REASON

TO ATTRACT FOREIGN INVESTMENT AND

THE TRADING OF CURRENCIES

WITH COUNTRIES THAT ACTUALLY ARE ECONOMICALLY VIABLE

AND CAN DO THINGS FOR IRAQ

AND NOT TRY TO SABOTAGE THE COUNTRIES ECONOMY OR MONETARY POLICY

ONE THING I WANT TO POINT OUT

WITH THE AUCTIONS STOPPING

THIS WAS HUGE

BUT NOT JUST FOR THE SAKE OF SEEING

CBI DO SOMETHING THEY SAID 4 DAYS AGO THEY WERENT GOING TO DO

OR SOMETHING THAT WE FOR YEARS WERE WAITING TO HAPPEN

LOOK AT THE ACTUAL IMPORTANCE

FIRST OFF

SHABIBI ALLOWED FOR MANY MONTHS NOW

THE USD TO BE USED OPENLY IN IRAQ

WHILE THEY WERE DRYING UP THE LARGE DENOMS

THE IRAQI PEOPLE WERE OR ARE NOW USED TO BUYING GOODS

INSIDE IRAQ

WITH THE AMERICAN DOLLAR

WHICH SHABIBI STATED HE WANTED A 1 TO 1

SO THAT IT WOULD BE AN EASY TRANSITION

AND IN THE MEANTIME HE WAS SETTING UP THIS

THAT THEY WOULD BE BUYING GOODS WITH BASICALLY THE 1 TO 1

NOW HE IS SUFFOCATING THE USD OUT OF IRAQ

WHAT OPTIONS DOES HE HAVE

HE COULD START THE AUCTIONS UP AGAIN

WHICH IS UNLIKELY

HE COULD RE RELEASE THE LARGE DENOMS

WHICH IS VERY UNLIKELY

OR HE CAN SET THE NEW EXCHANGE RATE

AT 1 TO 1

AND HAVE THE NEW DENOMS ISSUED

RIGHT NOW

WHAT THEY HAVE ON THE STREETS

ACCORDING TO MY FRIENDS STILL IN IRAQ

ONE IS CTD

IS ONLY

THE 50 D

250D

500D

AND 1000D NOTES

THE ONLY PLACE HE SAW 25K NOTES

WAS IN BAGHDAD INTERNATIONAL AIRPORT

SO THEY ARE DRIED UP

SONNY TALKED TO HIS FRIEND WHO HAS A PHD IN ECONOMICS

AND HE SAID THAT

HE CANNOT WAIT LONG

OR MORE DISASTER COULD HAPPEN

THAT MOVING ON THE EXCHANGE RATE IS ALMOST A MUST MOVE VERY SOON

AND IN THE COMING DAYS IS A STRONG POSSIBILITY

AS WAS STATED IN THE ARTICLE FROM SEVERAL DAYS AGO

OK THAT IS THE CRUX OF SONNY’S AND MY CONVERSATION I JUST GOT OFF THE PHONE WITH HIM

YW

OK THAT’S IT FOR ME

[tjnies]

And Sonny"s economic professor is non other than nawty1! This is great news

[Dinar Buddy]

Was that a high school economic teacher??

[kjwayne]

I'm so ready for this thing to pop! 1 to 1 will get me gone quick. I'll be gone like last Sundays paper! GO RV !!! NOW!!

[Elixirbaby]

Thanks Alex.

Go RV

[Alex38]

Thanks Alex.

Go RV

Most welcome.

[Papster]

thanks for the post alex...............hey sonny1 would love to hear you commit on this.................thanks..............GO DINAR

[tim5400]

PLEASE PLEASE PLEASE PLEASE PLEASE be right ....get r done go rv

[EagleEye]

Good news...let's GO SHABBS !! RV already !!

[RodandStaff]

Thanks for the post Alex... sounds like a reasonable assumption, esp. knowing that the parliament met today, and who knows what has been done behind closed doors???

GO RV Already Baby!!!

[pokerplayer]

While I almost always view Meds posts as comical relief and with a grain of salt...except this time. Taking the time to actually THINK about this post before giving an answer was different for me about Meds posts.

This makes an incredible amount of sense. I was actually looking for a part that would remind me of what I think of him. There was none.

Great post to get the grey matter moving a few brain cells in an electrically charge fashion.

Thxs Alex. +1 for making me actually think hard about a post.

pp

[nawty1]

Was that a high school economic teacher??

no, i have a phd from cal- berkeley, why dont you go round me up some curly fries, whats with these people?

i can't speak for what nick and med talked about, i was not present.

i told nick that if they truly stopped the auctions, they would suffocate the country of cash, and destroy there monetary system.

they have a few options,

1. release the 000 notes that they already vacuumed (will not happen)

2.revalue to atleast .01, i do feel higher though (extremely likely)

3. r/d like turkey. (extremely unlikely) why the need to suck the 000 notes back in to the central bank if they r/d. an r/d is a neutral event, no prepping when it come to sucking currency back in, they would gradually get them back through store vendors, and banks after they r/d'd. so there words sometimes mean r/d, but there actual actions mean revalue.

i do know the 000 notes are becoming scarce, they are now depending on 50-250-500 notes.

they are going to have to act fast, if and it is a big if the auctions are now what they have been the last 2 days, imo, they will only be able to survive monetarily for about 3 weeks before the system crashes.

sorry about the curly fry comment, i deal with ignorance all the time, i thought i could escape it in my free time.

[pokerplayer]

Thank-you nawty1 . Any friend of sonny1 (nick ) is a friend of mine. Your post makes sense ( minus the fries part ). Appreciate the insight.

pp

[Butifldrm]

nawty1, how much USD still remains in country? Could that not sustain them for a few weeks? Just asking.

[nawty1]

nawty1, how much USD still remains in country? Could that not sustain them for a few weeks? Just asking.

unfortunately there is no way of knowing that, and if the central bank came out and told the news how much was left, it would be a complete lie.

Thank-you nawty1 . Any friend of sonny1 (nick ) is a friend of mine. Your post makes sense ( minus the fries part ). Appreciate the insight.

pp

thank you, i am talking to nick, i came back to wisconsin for 2 weeks, he said to say hello

Edited February 3, 2012 by Markinsa
Repaired Quote Box

[Alex38]

no, i have a phd from cal- berkeley, why dont you go round me up some curly fries, whats with these people?

i can't speak for what nick and med talked about, i was not present.

i told nick that if they truly stopped the auctions, they would suffocate the country of cash, and destroy there monetary system.

they have a few options,

1. release the 000 notes that they already vacuumed (will not happen)

2.revalue to atleast .01, i do feel higher though (extremely likely)

3. r/d like turkey. (extremely unlikely) why the need to suck the 000 notes back in to the central bank if they r/d. an r/d is a neutral event, no prepping when it come to sucking currency back in, they would gradually get them back through store vendors, and banks after they r/d'd. so there words sometimes mean r/d, but there actual actions mean revalue.

i do know the 000 notes are becoming scarce, they are now depending on 50-250-500 notes.

they are going to have to act fast, if and it is a big if the auctions are now what they have been the last 2 days, imo, they will only be able to survive monetarily for about 3 weeks before the system crashes.

sorry about the curly fry comment, i deal with ignorance all the time, i thought i could escape it in my free time.

I dig it!!

[fnbplanet]

nawty1, do you really think it will take as long as three weeks? Iranian and Syrian entities, even with the limited 200million auctions, were already sucking up every USD in the street they could find. Now, without any auctions to speak of, they're up the creek sans paddle. It won't matter to most Iraqis if they sell off any dinar or USD they have laying around, as an RV would be revenue neutral to them.

This has got to be ticking off government types with friends in Iran. Shabs has put the brakes on.

[Tirebiter]

Thanks Alex & nawty1! I much prefer to read analysis than predictions. Although, one can extrapolate out a prediction from analysis.

[nawty1]

nawty1, do you really think it will take as long as three weeks? Iranian and Syrian entities, even with the limited 200million auctions, were already sucking up every USD in the street they could find. Now, without any auctions to speak of, they're up the creek sans paddle. It won't matter to most Iraqis if they sell off any dinar or USD they have laying around, as an RV would be revenue neutral to them.

This has got to be ticking off government types with friends in Iran. Shabs has put the brakes on.

you bring up a good point, without knowing how much u.s.d was released, and how much was smuggled, it is tough to know exactly how long.

i am looking forward to see what sundays numbers look like.

i have always got a good laugh when my students, or fellow investors brought up the whole r/d theory, i am glad that iraq started vacuuming up the large notes, it puts the whole r/d thing to bed, why suck up 000 notes for a neutral transaction.

[Tirebiter]

nawty1, how much USD still remains in country? Could that not sustain them for a few weeks? Just asking.

I'm no expert, but the USD is their largest portion of the CBI reserves, which as I understand it, guarantee the stability of the Dinar. Plus, the US is backing their reserves. I doubt the US would allow this to happen. jmo.

Edited February 3, 2012 by Tirebiter

[fnbplanet]

you bring up a good point, without knowing how much u.s.d was released, and how much was smuggled, it is tough to know exactly how long.

i am looking forward to see what sundays numbers look like.

i have always got a good laugh when my students, or fellow investors brought up the whole r/d theory, i am glad that iraq started vacuuming up the large notes, it puts the whole r/d thing to bed, why suck up 000 notes for a neutral transaction.

They declared the Prophet's B-Day to be on Sunday, so suspiciously, it will be a long weekend. Banks/auctions resume on Monday.

It could be............A MILLION DOLLARS!!!

Bwahahahahahah!

[nawty1]

I'm no expert, but the USD is their larget portion of the CBI reserves, which I understand it, guarantee the stability of the Dinar. Plus, the US is backing their reserves. I doubt the US would allow this to happen. jmo.

the u.s.d is there largest reserve, but iraq admitted that they were purchasing back the dinar for u.s.d, and then the u.s.d was being smuggled to sanctioned iran, and syria, i would really like to know how much they had at its peak, i do think over 100 billion. thats my opinion

[Tirebiter]

They declared the Prophet's B-Day to be on Sunday, so suspiciously, it will be a long weekend. Banks/auctions resume on Monday.

It could be............A MILLION DOLLARS!!!

Bwahahahahahah!

LMAO Dr. Evil! Be sure to hide it from Mini-Me and Scotty!

the u.s.d is there largest reserve, but iraq admitted that they were purchasing back the dinar for u.s.d, and then the u.s.d was being smuggled to sanctioned iran, and syria, i would really like to know how much they had at its peak, i do think over 100 billion. thats my opinion

Agreed. Especially since it appears their "reported" reserves seem to be only in USD. You have to figure they have not only their own currency to add to the $60b they state, but other countries as well. At least, that is my speculation.

[Alex38]

you bring up a good point, without knowing how much u.s.d was released, and how much was smuggled, it is tough to know exactly how long.

i am looking forward to see what sundays numbers look like.

i have always got a good laugh when my students, or fellow investors brought up the whole r/d theory, i am glad that iraq started vacuuming up the large notes, it puts the whole r/d thing to bed, why suck up 000 notes for a neutral transaction.

Sunday is a holiday. Monday... here we come

[despain]

This is getting good. I appreciate the posts from everyone. Man, I like being a member on this site.