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k98nights

Medic April 1st 2010

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> Med: WELL I AM GLAD TO SEE THAT ANOTHER ONE OF MY THOUGHTS ACTUALLY

> IS COMING TO FRUITION

> Med: WHAT WE DISCUSSED LAST NIGHT

> Med: IF YOU HAVE WATCHED OR READ THE FORUMS

> Med: CHINA AND THE U.S. HAVE COME TO TERMS IN A FRIENDLY ENEMY WAY

> Med: ALSO WE SEE THAT THEY HAVE ALL AGREED TO SANCTIONS NOT BOMBING

> IRAN

> Med: I BELIEVE THIS IS MORE THAN ENOUGH TO GET THE VOTE FROM RUSSIA

> AND CHINA NOW

> Med: AND THAT CHAPTER VII ALL OR IN PART WILL BE GONE IN APRIL

> Med: I WAS ON THE PHONE MOST OF THE DAY

> Med: ***** AND I WERE WORKING ON INFO THAT WE HAD GOTTEN

> Med: WE WANTED TO KNOW HOW INTENSE THE NEGOTIATIONS REALLY WERE

> WITH IRAQ AND KUWAIT THAT THE U.S. WERE HUSTLING

> Med: SO HE DID SEVERAL FAVORS FOR ME

> Med: HE CALLED A FRIEND HE GRADUATED WITH FROM USC

> Med: HE IS IN THE ECONOMIC RESEARCH AND DEVELOPMENT BRANCH OF THE

> CENTRAL BANK OF KUWAIT

> Med: HE TOLD US THAT IRAQ HAS BEEN THERE EVERYDAY

> Med: BACK AND FORTH

> Med: SO THIS WAS CONFIRMED EVEN THOUGH IT WAS IN THE NEWS

> Med: WE ALL KNOW HOW THIS IRAQ MEDIA IS

> Med: ONE MIN THIS AND ANOTHER THAT

> Med: NOW ALSO ***** SAID WE DO NOT NEED THE CHAPTER VII REMOVED FOR AN

> RV

> Med: BUT HE SAID IT WOULD DO TWO THINGS

> Med: FIRST IT WOULD JUST MAKE THINGS EASIER ON THEM OVERALL

> Med: AND 2ND

> Med: IT IS ALL ABOUT FREE TRADE

> Med: AND TO TRADE FREELY THEY NEED A TRADEABLE CURRENCY

> Med: NOW ALSO WE HAD BEEN TOLD ON SUNDAY THAT THE IMF WAS TRYING TO

> SET A TARGET DATE FOR THE RV

> Med: AND AS SICK AS IT SOUNDS

> Med: IT WAS APRIL FOOLS DAY

> Med: HE DID ANOTHER FAVOR FOR ME

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM

> Med: SINCE MY NAME IS WELL KNOWN THERE AND THEY KNOW HE IS MY FRIEND

> Med: THEY ARE PRETTY COOL NOW

> Med: THE PRESIDENT SAID THAT HE HAD NOTHING ABOUT TODAY

> Med: AND THAT THE ONLY ISSUE THEY NEW THAT WAS WORRYING ANYONE

> Med: WAS EXACTLY WHAT I DISCUSSED LAST NIGHT

> Med: THAT THE U.S. WOULD ATTACK IRAN

> Med: AND THAT WAS THE ONLY WORRY ANYONE HAD THAT WOULD IMPEDE IT

> Med: WELL WE ARE NOT GOING TO INVADE

> Med: ***** SAID HE WAS KINDA CHUCKLING INSIDE

> Med: KNOWING THAT THE ISSUE HAD BEEN RESOLVED

> Med: BUT DIDN'T TELL HIM

> Med: WORD ON THE STREET IS INCREASING AMONGST VENDORS

> Med: THAT THE IQD IS TURNING TO RICHES

> Med: NOW I POSTED ANOTHER ARTICLE

> Med: I HAD ***** READ IT

> Med: IT WAS PART REBASE

> Med: AND IT STATED THE IQD WAS GOING TO INCREASE 1000 X

> Med: NOW AT THE END OF THAT LINE IT STATES ALSO ABOUT NEUTRAL TO

> VALUATION

> Med: THAT MEANS THAT THEY ARE NOT BACKING IT WITH ANYTHING

> Med: IT WILL BE AN ERM

> Med: AND WHEN IT HITS THE MAX THEY WANT IT TO

> Med: THEY WILL HAVE AUCTIONS AND SELL DEBT

> Med: SO THAT IT DOESNT' ROCKET UP

> Med: AND THEN EVERYONE DUMPS IT

> Med: AND PLUMMETS

> Med: THIS WEEK HAS TURNED OUT JUST AS I THOUGHT AND SAID

> Med: NEWS NEWS NEWS

> Med: AND FOR THE NEXT FEW WEEKS THIS WILL BE THE NORM

> Med: WE ARE AGAIN STANDING ON IT

> Med: AND I FEEL GREAT ABOUT IT

> Med: OH 1000 X

> Med: IS .86 CENTS

> Med: AGAINST THE USD

> Med: THERE IS NO LOP COMING

> Med: AND AS WAS IN THE ARTICLE YESTERDAY

> Med: THE GOI WAS FLAMED FOR PUTTING THAT CRAP OUT

> Med: BEING CALLED LAME

> Med: ONE THING I LOVE ABOUT DEMOCRACY

> Med: IS REALLY YOU CAN SPEAK YOUR MIND

> Med: OK ALL DONE

> Med: TY VERY MUCH

>

more below

Edited by k98nights

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> Med: I HAVE BEEN ON THE RV BAND WAGON FOR A VERY LONG TIME

> Med: I HAVE THOUGHT SO MANY TIMES WE WERE STANDING ON THIS THING

> Med: ONLY TO FIND OUT SOMETHING ELSE WAS TO CHANGE MY THINKING

> Med: ONE THING NOTHING HAS COME OUT ABOUT THE PAYMENT SCHEDULE FOR

> THE IMF

> Med: ONLY THE WB

> dudeman27: and what about the projected payment part of the imf site for

> iraq?

> says may 1st

> Med: IT SAYS MAY 1ST

> Med: ON PROJECTED PAYMENT

> dudeman27: what do you mean nothing has come out then?

> Med: I SAID I HAVEN'T SEEN ANYTHING

> dudeman27: i would assume that means the payment is due then?

> Med: ASSUMPTIONS ARE WHAT?

> Med: THE MOTHER OF ALL SCREW UPS

> Med: IF IT STATES IT

> Med: THEN GREAT

> Med: ONE PROBLEM I HAVE WITH THE IMF SITE

> Med: IT IS HARD TO NAV THROUGH

> Med: DEF NOT USER FRIENDLY

> Med: NOW ONE THING THAT IS TRUE

> Med: AND I DON'T KNOW THE TIMELINE

> Med: BUT A TRADEABLE CURRENCY MUST BE USED TO PAY BACK THE LOAN

> Med: BUT A TRADEABLE ONE

> Med: BUT

> Med: THEY HAVE MADE EVERY EFFORT TO STOP ALL USE OF THE USD

> Med: IT WOULD BE HYPOCRITICAL THEN TO HAVE TO SUBMIT THEMSELVES TO

> USING IT

> Med: IN FACT IN THE LETTER OF INTENT AND THE DO'S THAT THE IMF STATES

> IN IT

> dudeman27: i noticed on the imf site it said they can also use sdr's to

> pay. do you

> know how many they have?

> Med: OK THAT DOESN'T MAKE SENSE

> Med: BECAUSE THE LOAN IS IN SDR'S

> Med: WHY WOULD YOU USE SDR'S TO PAY BACK SDR'S

> Med: THIS REMEMBER IS FOR FILLING THE BUDGET DEFICEIT

> dudeman27: those were my thoughts too, but i was in the legal department

> section where they define everything and it was saying they could use it

> so i was a

> bit confused

> Med: BUT YES YOU CAN

> Med: BUT IT IS AGAINST THE GRAIN OF WHY THEY BORROWED

> dudeman27: exactly my thoughts. i wasnt sure they had any so i figured why

> would they pull out sdr's to pay back with sdr's

> dudeman27: then i started going over section 2 (a) and the wording of it

> for 30

> days before the payment is due seems a bit odd

> dudeman27: was wondering if you would clarify for me?

> Med: AND I AM SURE THAT THERE IS A DEFINAATE PAYMENT PLAN THAT WAS

> AGREED TO

> Med: OK LET ME LOOK AT IT

> dudeman27: Each member shall notify the Fund, within thirty days after the

> date

> of the second amendment of this Agreement, of the exchange arrangements it

> intends to apply in fulfillment of its obligations under

> dudeman27: Section 1 of this Article, and shall notify the Fund promptly

> of any

> changes in its exchange arrangements."

> dudeman27: its saying within thirty days AFTER the date of the second

> amendment. im not clear as to how this equals 30 days before the payment

> date

> Med: WHAT IS THE 2ND AMENDMENT

> dudeman27: i believe its section 2, one sec and ill get a link to explain

> why

> dudeman27:

> http://www.imf.org/external/pubs/ft/sd/index.asp?decision=1034-%2860/27%29

> dudeman27: look at number 2 and the foot note for section 3

> dudeman27: Corresponds to Article XIV, Section 1 of the Articles of

> Agreement

> after the Second Amendment.

> dudeman27: it seems like they are calling each amendment sections

> Med: THE 2ND AMENDMENT IS GOLD

> Med: THAT GOLD CANNOT BE USED FOR PAYMENT

> Med: BECAUSE OF THE VOLATILITY

> Med: THAT IS THE 2ND AMENDMENT TO THE ARTICLES

> dudeman27: where are you seeing this?

> Med: IT IS THE DEMONETIZING OF GOLD

> Med: BY THE IMF

> dudeman27: (B) of section 2?

> Med: NO YOU ACTUALLY HAVE TO LOOK IT UP

> Med: I GOOGLED

> Med: AND IT CAME UP

> dudeman27: hmm, im trying to find a list of all of them with no luck. how

> would

> you tie that into section 2 (a) for the 30 days?

> Med: second in 1978, to give effect to

> the partial reform of the international monetary system

> Med: YOU ARE MISUNDERSTANDING THE WORDING OF AMENDMENT HERE

> Med: THE IMF MEMBER ARTICLES HAVE BEEN AMENDED 3 X'S

> Med: THAT IS WHAT IT MEANS

> Med: 69,78,99

> Med: THAT IS WHAT THE MEAN BY 1ST AMENDMENT, 2ND AMENDMENT AND 3RD

> AMENDMENT

> Med: WHAT YOU SEE AND READ AT THE MOMENT IS HOW THE FUNDS

> GOVERNANCE IS RUN

> dudeman27: so does that section not relate to the 30 days to have a trade

> able

> currency before the payment is due?

> Med: THE 30 DAYS POST IS THE VOTE

> Med: THE VOTE BY THE 85%

> Med: AND AFTER THAT THEY HAVE 30 DAYS

> Med: THE VOTE WAS MARCH 16TH CORRECT

> dudeman27: the vote for the imf loan?

> Med: SO THEY HAVE 30 DAYS FROM THAT

> Med: YES I BELIEVE THAT IS THE DATE

> dudeman27: i thought they approved and voted on feb 24, this is another

> thing i

> was confused about when i was going over it

> Med: IT JUST TAKES ME A LITTLE BIT TO PUT IT TOGETHER

> Med: BUT NOW I UNDERSTAND TOTALLY

> Med: IT IS SIMPLE

> dudeman27: in the country report at the end it says approved, date feb 24,

> then

> on the imf iraq section it says-

> Med: I DON'T THINK SO

> Med: YOU NEED TO READ THE MARCH 16TH REPORT

> dudeman27: march 4 - imf provides loan to iraq march 16th - staff report

> article iv

> Consultation

> Med: BUT WHAT WAS THE DATE OF THE ACTUAL VOTE

> dudeman27: thats the one im talking about. ive gone over it several times.

> here i

> will bring it up for reference

> Med: WHEN THE 85% WAS

> Med: IT IS MARCH 16TH

> Med: AND BREITLING REALIZED IT

> Med: THAT IS WHY HE SAID MID APRIL

> Med: AND WHY THE APRIL 1 DEADLINE FOR THE COFE REPORT

> dudeman27: its on page 86 of the country report PDF

> dudeman27: "IMF Executive Board Approves US$3.6 Billion Stand-By

> Arrangement

> for Iraq" dated february 24, 2010

> dudeman27: and on the site it says march 16th. so its a bit confusing as

> to when

> they really did it

> Med: I THINK THAT YOU ARE JUST BEATING YOURSELF UP FOR NOTHING HERE

> Med: YES THE EXECUTIVE BOARD VOTED

> Med: BUT

> Med: IT WAS NOT ALL FINALIZED

> Med: AND SENT TO IRAQ UNTIL A LATER DATE

> Med: THEN IRAQ HAD TO ALSO

> Med: SEND BACK A LETTER OF INTENT

> Med: THAT THEY ARE ACCEPTING THE STIPS

> Med: AND THEN THAT WAS RETURNED TO THE IMF FOR PUBLICATION

> dudeman27: ah that makes sense. once all the paperwork and voting for

> everyone

> is done it was march 16th

> Med: ACTUALLY WE ARE GIVE OR TAKE WITHIN 14DAYS

> Med: THE ACTUAL TIME FRAME WAS NEVER 30 DAYS BEFORE PAYMENT DUE

> Med: BUT 30 DAYS FROM ACCEPTANCE BY ALL

> dudeman27: so april 13th, give or take?

> Med: THAT WOULD SEEM ACCURATE

> Med: GIVE OR TAKE

> Med: BUT DUDEMAN ACTUALLY THIS WAS SOMETHING THAT NEEDED TO BE

> RESOLVED

> Med: IT WAS A GREAT ?

> Med: THIS IS SOMETHING THAT SHOULD HAVE BEEN RESOLVED LONG AGO

> Med: BUT I HAVE SO MUCH ON MY PLATE SOMETIMES

> Med: I FORGET

> Med: I KNEW THAT BREITLING WAS HANDLING IT

> Med: BUT I AM GLAD I GOT TO RESOLVE IT

> Med: THIS WAS VERY IMPORTANT

> Med: NOW WE NEED IRAQ TO ACCEPT ARTICLE VIII

> Med: AND THE DEAL IS SEALED

> Med: THAT MY FRIENDS WILL BRING YOU THE RV

> Med: BUT

> Med: I THINK THAT THE REMOVAL FROM CHAPTER VII IS ALSO A PLUS HERE

> Med: IT DOES ONE THING

> Med: IT DOESN'T ALLOW AN RV

> Med: BUT IT DOES WHAT AN RV IS FOR

> Med: FREE TRADE

> Med: TO PURCHASE GOODS AND PAY FOR THEM

> Med: AND RIGHT NOW THEY CAN'T PAY FOR THEM AND CAN'T TRADE FREELY

> Med: OH THEY GET SPECIFIC THINGS ALLOWED BY THE UN

> Med: BUT NOT WHAT THEY REALLY COULD BE BRINGING IN

> Med: UNDER NORMAL TRADING

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This is a great thread and full of good news. I know that it seems we only want to hear good news, but when it is forecast and then becomes a reality, it is of the best. Thank you, for all your hard work and for sharing with those of us who are not able, for one reason or another to do our own research.. Well done....

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Another newbie question: Where are Medic, and Breitling "chatting"? Is it here at DinarVets? Or someplace else.

Do we know they are not pumpers? No disrespect intended, but I am new to all of this and just wonder if there is more info about these particular experts?

Thanks one and all.

Peace.

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> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

> Med: HE WENT INTO THE PRESIDENT OF JP MORGAN CHASES OFFICE AND JUST

> ASKED HIM.................

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Yes, but that does not answer my politely asked questions:

1. Are the chatting here or elsewhere.

2. So many experts but (as a newbie) how do we "know" who these folks are?

Not that it matters all that much because if a RV happens, when it happens then it will happen regardless.

But as a far too busy cancer researcher with not nearly enough hours in the day to get all of this figured out - I try to throw out a few polite questions so I can learn and the other newbies can also learn.

Now you should ask yourself, "How do we know she is a cancer researcher?"

Same as everyone else - you either have to take my word for it or not. (but I actually am).

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Oh yeah this is good news when it seems that things are coming to play and others are asaying the same things Thanks Medic keep up the the good work.

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