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mad asafrog

By mad asafrog,
in Dinar Rumors

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mad asafrog Newbie

mad asafrog

Posted
Posted

This has possibly been posted before my apologies if so

At least this was a long term bet not the usual tonight as posted by certain guru's daily

Still they only have two weeks left of the bet

From another site

BET 437

DURATION 5 years (02008-02013)

“The Iraqi Dinar will revalue, and reach a value of 3 Dinars per 1 U.S. dollar, or better, by November 6/2013. Currently, as of November 6/08, the exchange rate is 1176 Iraqi Dinars, per U.S. dollar.”

PREDICTOR

Tim Wiebe

CHALLENGER

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Wiebe's Argument

Iraq has at least 115 billion barrels of crude oil reserves. Most of Iraq has not been geologically explored, with modern seismic techniques, due to restrictions by the Iraqi government for 40 years. The 115 figure comes from old surveys, and is likely much higher.

Recently, senior Iraqi officials have publically stated that the petroleum reserves of Iraq are the largest in the world, larger than Saudi Arabia.

Worldwide petroleum production has peaked globally, around the year 2007, according to proponents of Hubbert's curve.

Crude oil in Iraq is "sweet light crude", meaning it is very high quality, and is extremely cheap to produce, at around $2 a barrel in production costs, which are the cheapest in the world, even factoring the high cost of security.

Iraq may have up to 25% of the remaining cheap crude oil in the world, that is easily accessable, with known and proven technology.

Iraq is likely to emerge, within 15 years, as one of the wealthiest nations in the world. If Iraq does indeed, have 300 billion barrels of oil, and oil stays at least at $100 a barrel, due to Peak Oil, then the value of that asset would be $1 million U.S. dollars, per Iraqi, approximately, if you multiply 300 billion barrels, times 100 dollars, and divide by the population of Iraq, which is around 30 million, according to some estimates.

Iraq would be a country where every man, woman, or child, would be a millionaire.

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jeepguy Mentor

jeepguy

Posted
Posted

from all the hoop-la  we have been seeing,  {  from  the guru`s , chatter of next week , this week ,  Fridays  }  this stuff kills all the useful information ,  have to really put the blinders on and read  from the better postings ,  as in economy,  banking , and  who is moving in the markets ,  { as in  who is in the election, and what is going on in the taxation tariff`s  imports , exports , }   saw an older article ,  the imports exports were at one time fixed with the rate of exchange of 3.20 per  ,  and the rates of exchange would be in the values of 1.20  per dinar values  for 3 years  ,  <--------  these type of older articles keep me charged up ,   they know that the value of dinar really needs to be in this range to even have a chance of competing in the dollar and dinar markets ,   to have confidence  in the banking and dinar currency , the 1.2o per dinar  would surely be a great start  , and not to forget the release of lower denominations ,      so my bet is still on this happening ,, maybe 1 -2013  time line  ,  even the election part  4 2013   these dates are a new dead line for me ....  

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yota691 Grand Master

yota691

Posted
Posted

[quote name="mad asafrog" post="1281472" timestamp="1382895366"

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Iraq would be a country where every man, woman, or child, would be a millionaire. Mentaly they feel like a Million Bucks...if they could get it together ..live in Peace...as far as revaluing the IQD..and all turn into Millionaries...Phiscally...not gonna happen...

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DinarThug Newbie

DinarThug

Posted
Posted

Every Iraqi a millionaire. LOL. That would be as stupid as letting injuns run a casino with firewater. (before you neg.- Im 50% injun).

Before The White Man Came - There Used To Be Casinos As Far As The Eye Can See ...

:D:D:D

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jbbdolphins Newbie

jbbdolphins

Posted
Posted

This has possibly been posted before my apologies if so

At least this was a long term bet not the usual tonight as posted by certain guru's daily

Still they only have two weeks left of the bet

From another site

BET 437

DURATION 5 years (02008-02013)

“The Iraqi Dinar will revalue, and reach a value of 3 Dinars per 1 U.S. dollar, or better, by November 6/2013. Currently, as of November 6/08, the exchange rate is 1176 Iraqi Dinars, per U.S. dollar.”

PREDICTOR

Tim Wiebe

CHALLENGER

Unchallenged

Voting has been temporarily disabled.

DISCUSS & SHARE

Add your voice to a conversation with the bettors: Join the discussion »

Bookmark this bet, and share it with friends:

Wiebe's Argument

Iraq has at least 115 billion barrels of crude oil reserves. Most of Iraq has not been geologically explored, with modern seismic techniques, due to restrictions by the Iraqi government for 40 years. The 115 figure comes from old surveys, and is likely much higher.

Recently, senior Iraqi officials have publically stated that the petroleum reserves of Iraq are the largest in the world, larger than Saudi Arabia.

Worldwide petroleum production has peaked globally, around the year 2007, according to proponents of Hubbert's curve.

Crude oil in Iraq is "sweet light crude", meaning it is very high quality, and is extremely cheap to produce, at around $2 a barrel in production costs, which are the cheapest in the world, even factoring the high cost of security.

Iraq may have up to 25% of the remaining cheap crude oil in the world, that is easily accessable, with known and proven technology.

Iraq is likely to emerge, within 15 years, as one of the wealthiest nations in the world. If Iraq does indeed, have 300 billion barrels of oil, and oil stays at least at $100 a barrel, due to Peak Oil, then the value of that asset would be $1 million U.S. dollars, per Iraqi, approximately, if you multiply 300 billion barrels, times 100 dollars, and divide by the population of Iraq, which is around 30 million, according to some estimates.

Iraq would be a country where every man, woman, or child, would be a millionaire.

Unfortunately the people have been oppressed for so long that having enough money to put food on their table is rich in itself.  I see a country where the rich get richer and the poor get just enough to make them subservient.

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mad asafrog Newbie

mad asafrog

Posted
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Posted (edited)
Unfortunately the people have been oppressed for so long that having enough money to put food on their table is rich in itself.  I see a country where the rich get richer and the poor get just enough to make them subservient.

I in all honestly would rather see Iraq sort itself out and have its citizens live in a reasonable standard than for me to get rich out of this speculation
However as for the rich getting richer and the poor being subservient ,unfortunately this is a world wide issue ,in so many countries there is an underclass that is being driven down by the rich, and this is not restricted to the third world

Edited by Markinsa
Fixed Quote Box
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Maggie123 Newbie

Maggie123

Posted
Posted (edited)
Unfortunately the people have been oppressed for so long that having enough money to put food on their table is rich in itself.  I see a country where the rich get richer and the poor get just enough to make them subservient.

I in all honestly would rather see Iraq sort itself out and have its citizens live in a reasonable standard than for me to get rich out of this speculation

However as for the rich getting richer and the poor being subservient ,unfortunately this is a world wide issue ,in so many countries there is an underclass that is being driven down by the rich, and this is not restricted to the third world

 

I have always felt that I could not walk away from this feeling good unless I knew the Iraqi's saw a large gain from this...

 

I see Iraq "not complying" the way US had hoped... Too Bad!!!  What did they expect?

 

 

 

Mad As A Frog... I honestly see this happening in our own country... many "driven down by the rich".

 

So Yes... I Agree. :(

 

You are very observant... we can change that... we are not in that "pot" yet. :)

 

 

 

Neither is Iraq.  ;)

Edited by Markinsa
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umbertino Grand Master

umbertino

Posted
Posted
Unfortunately the people have been oppressed for so long that having enough money to put food on their table is rich in itself.  I see a country where the rich get richer and the poor get just enough to make them subservient.[

I in all honestly would rather see Iraq sort itself out and have its citizens live in a reasonable standard than for me to get rich out of this speculation

However as for the rich getting richer and the poor being subservient ,unfortunately this is a world wide issue ,in so many countries there is an underclass that is being driven down by the rich, and this is not restricted to the third world

Agreed on all accounts.

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ReinMan Newbie

ReinMan

Posted
Posted

If you take look at Kuwait, the people don't work, they have people working them. Who is to say it can't happen in Iraq>

 

It can happen like that, but to a lesser percentage since the population is higher, and they have a lot of working class people already and don't have to import construction crews from the Philippines etc.... Sure the labor will be cheaper, but it just depends on the government policy. Perhaps they should bring in foreign construction crews to help rebuild, because no one's paying anyone to do that much NOW, right? If the money was there, Iraq could be putting up buildings half the speed of China! (And if you've heard about that construction speed, you're SHOCKED. Stuff goes up and done in 2 months!)

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