* TensDinarDen: B.I.W., MarcusCurtis, JayP CHAT 2-3-12

[Carrello]

* TensDinarDen: B.I.W., MarcusCurtis, JayP CHAT 2-3-12

February 4, 2012 · Posted in CHATS & POSTS

[b.I.W.] ok jay you tell me what statement you have read in those iraq news storys that you would be willing to bet your house on are facts???

[JayP] the question is.. why would not they NOT do that

[3-BALL] hey Marcus Curtis

[JayP] I would be willing to bet my house on it TODAY

[MarcusCurtis] hello room

[b.I.W.] on what

[MarcusCurtis] Hi 3-ball

[JayP] every redenomination has gone down that way.. regardless if we like it or not..

[b.I.W.] like it or not

[JayP] they ALL call it a deletion of zeros..

[JayP] removal of zeros..elimination of zeros.. etc..

[JayP] that is what they call it…

[b.I.W.] im not a dreamer or a pumper

[JayP] and in every case.. they redenominated

[b.I.W.] you think im giving pumper ammo …. lmao

[MarcusCurtis] k the topic is redenomination?

[*Tenmillion] 2008 ~ GOI spent over (IQD) 4 trillion (USD 3.7 billion) domestically in both May and June, and over IQD 3 trillion (2.5 billion) in July. Yet current account balances at the CBI remain high as it continues to remove IQD from the economy by appreciating the dinar against the dollar through its foreign exchange (FX) auctions. To keep inflation in check, the CBI has soaked up IQD 17.9 trillion (USD 15.1 billion) through FX auctions so far in 2008; over the same period, the GOI has transferred IQD 17.9 trillion for domestic expenditures.

[b.I.W.] really

[JayP] I know your not…

[JayP] hi Marcus!

[MarcusCurtis] Hi jayP how are you?

[*Tenmillion] hi Marcus!

[MarcusCurtis] I got my own view concerning RD

[JayP] Great! Fun topic this evening!

[b.I.W.] you guys believe what you want i will believe what i want imho those (000) ARE A TOOL THE CBI USES TO EFFECT THE MOVEMENT OF THE IRAQI DINAR

[MarcusCurtis] Hi Ten how are you

[*Tenmillion] wonderful

[JayP] and they are thinking that maybe the CBI Numbers are not true because it does not jive with the numbers of the currency outside of the banks

[*Tenmillion] lol

[b.I.W.] ok bro

[b.I.W.] i said

[b.I.W.] i think somebody’s numbers are off

[JayP] Well, we would just have to agree to disagree there that is all BIW.. I respect your opinion.. but I will just go based on historical facts..

[3-BALL] I don’t think they have 27+T outside

[MarcusCurtis] even if they only have 10 trillion they can’t raise the value to 1.00 with that muc

[b.I.W.] now iraq news storys are historical facts LMAO

[b.I.W.] Now i have heard it all

[3-BALL] Marcus how about a dime to begin ?

[*Tenmillion] MarcusCurtis What is your opinion on Iraqi NEWS ARTICLES?

[MarcusCurtis] well there is one thing that I don’t understand

[b.I.W.] HI MARCUS

[JayP] BIW… C’mon bro.. you know as well as I do.. I am talking about every nation that did the same thing

[MarcusCurtis] according to wikileaks files i have read

[MarcusCurtis] one of iraqs stated purpose id to dedollarize

[JayP] I am not just talking about Iraqi articles

[MarcusCurtis] does anyone agree with this?

[*Tenmillion] yes, I agree

[JayP] yes.. they have stated that as well Marucs..

[3-BALL] which would put them at least $1

[*Tenmillion] they would like to de-dollarize

[MarcusCurtis] It is pretty well documented

[MarcusCurtis] so if they want to dedollarize they have a problem

[MarcusCurtis] if they rd they only have at the current figure outside of banks 25 billion in dollar value

[parrish] Not at all. I think they RD and raise the rate.

[MarcusCurtis] that is not enough to dedollarize

[MarcusCurtis] so whats Iraq going to do?

[b.I.W.] and for the record i never said they were not going to redenomate. I said the (ooo) storys were tools the cbi used. I feel that they will have to issue new currency but in order to do that they will have to add value to the new currency or they will be in the same boat they are sailing now… too much paper

[MarcusCurtis] They need to expand the currency supply in order to fill the gap for the dollar

[MarcusCurtis] now…

[MarcusCurtis] consider that the budget is some 90 trillion in dinar

[b.I.W.] i agree marcus

[b.I.W.] lmao

[MarcusCurtis] they don’t have that much in circulation

[MarcusCurtis] that is dollars converted to dinar

I think Thug's post of this chat has more info at the tail end. Close mine and I give me remaining minutes back to the Good Clown.

[TexasGranny]

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