mad asafrog Posted October 27, 2013 Report Share Posted October 27, 2013 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. 4 1 Link to comment Share on other sites More sharing options...
lost one Posted October 27, 2013 Report Share Posted October 27, 2013 If all this is true, why is their money worthless. Somebody is making a hole of money on this. I know it's not me or the people of Iraq. 2 Link to comment Share on other sites More sharing options...
pokerplayer Posted October 27, 2013 Report Share Posted October 27, 2013 (edited) mad asafrog....lol, now thats a good nic !! Thought I had seen them all. +1 for making me smile. pp Edited October 27, 2013 by pokerplayer Link to comment Share on other sites More sharing options...
aliciadogz Posted October 27, 2013 Report Share Posted October 27, 2013 I would be happy with a buck O'heck I would be happy with .50 just to get it over with. Link to comment Share on other sites More sharing options...
jeepguy Posted October 27, 2013 Report Share Posted October 27, 2013 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 .... 1 Link to comment Share on other sites More sharing options...
mad asafrog Posted October 28, 2013 Author Report Share Posted October 28, 2013 Jeep guy I have seen another article from late 2000's stating 2013 being good chance of rv ,will try to dig it up , like you say it's the older articles of elsewhere that for the most keep you interested ........, Link to comment Share on other sites More sharing options...
umbertino Posted October 28, 2013 Report Share Posted October 28, 2013 I would be happy with a buck O'heck I would be happy with .50 just to get it over with. Give me between .5 - .10 US cents per Dinar and I'm happy. Going to turn'em all in for that rate.Word. Link to comment Share on other sites More sharing options...
mr john Posted October 28, 2013 Report Share Posted October 28, 2013 Every Iraqi a millionaire. LOL. That would be as stupid as letting injuns run a casino with firewater. (before you neg.- Im 50% injun). 2 Link to comment Share on other sites More sharing options...
yota691 Posted October 28, 2013 Report Share Posted October 28, 2013 [quote name="mad asafrog" post="1281472" timestamp="1382895366" Add your voice to a conversation with the bettors: Join the discussion » 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... 1 Link to comment Share on other sites More sharing options...
Boozer Posted October 28, 2013 Report Share Posted October 28, 2013 THANKS Link to comment Share on other sites More sharing options...
ReinMan Posted November 2, 2013 Report Share Posted November 2, 2013 Iraq has a long way to go to get their $h!t together. Currency reform is last on the list. Enjoy simmering in the pot for another few years. 1 Link to comment Share on other sites More sharing options...
sandfly Posted November 2, 2013 Report Share Posted November 2, 2013 OK Link to comment Share on other sites More sharing options...
DinarThug Posted November 2, 2013 Report Share Posted November 2, 2013 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 ... 1 Link to comment Share on other sites More sharing options...
Texas1 Posted November 2, 2013 Report Share Posted November 2, 2013 Before The White Man Came - There Used To Be Casinos As Far As The Eye Can See ... thank you Stevie "Thug" Wonder 2 Link to comment Share on other sites More sharing options...
DinarThug Posted November 2, 2013 Report Share Posted November 2, 2013 thank you Stevie "Thug" Wonder I See Drunk People ... Link to comment Share on other sites More sharing options...
Muleslayer Posted November 2, 2013 Report Share Posted November 2, 2013 I See Drunk People ... Thug their are days that I see nothing but stupid people! TGIF 2 Link to comment Share on other sites More sharing options...
DinarThug Posted November 2, 2013 Report Share Posted November 2, 2013 Thug their are days that I see nothing but stupid people! I See TNT Tony's Sheeple ! Link to comment Share on other sites More sharing options...
jbbdolphins Posted November 2, 2013 Report Share Posted November 2, 2013 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. 2 Link to comment Share on other sites More sharing options...
mad asafrog Posted November 2, 2013 Author Report Share Posted November 2, 2013 (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 speculationHowever 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 November 3, 2013 by Markinsa Fixed Quote Box 2 Link to comment Share on other sites More sharing options...
Maggie123 Posted November 2, 2013 Report Share Posted November 2, 2013 (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 November 3, 2013 by Markinsa Fixed Quote Box in Quote Box 1 1 Link to comment Share on other sites More sharing options...
umbertino Posted November 2, 2013 Report Share Posted November 2, 2013 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. Link to comment Share on other sites More sharing options...
PartyTime Posted November 2, 2013 Report Share Posted November 2, 2013 If this was actually predicted in Nov 2008 then this guy came closer than any of the gurus ever did calling it! LOL Link to comment Share on other sites More sharing options...
Bull Dog Posted November 2, 2013 Report Share Posted November 2, 2013 Every Iraqi a millionaire. LOL. That would be as stupid as letting injuns run a casino with firewater. (before you neg.- Im 50% injun). 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> Link to comment Share on other sites More sharing options...
ReinMan Posted November 3, 2013 Report Share Posted November 3, 2013 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!) Link to comment Share on other sites More sharing options...
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