Stardogger Chat. 5/10/10.

[Teresa82]

*dont promote other sites* thoughts on RV and CBI 5-10 Early AM

ART] syanardinar refering to auction its believed no auction if there going to rv

[*dont promote other sites*] just popping in

[*dont promote other sites*] I ant to interject

[azareus] pop on dont promote other sites

[syanardinar] Art yeah...and they might want to go into hiding...they have been getting it with both barrels for weeks!

[*dont promote other sites*] they absoluely do not need to lift chap 7 to rv

[*dont promote other sites*] they need to seat the goi

[*dont promote other sites*] but not lift 7

[ART] *dont promote other sites* hi

[azareus] ok

[*dont promote other sites*] yest if they rv they will not have a tradeable currency

[*dont promote other sites*] but so what they dont know and it has a staic value

[azareus] right

[*dont promote other sites*] it would be in their best interest if they dont lift 7 nbow

[*dont promote other sites*] now

[hwweberjr] CBI posted auction for may 10 2010 176+mil xrate 1170

[azareus] really

[*dont promote other sites*] lets assume that they for instance open at 85 cents

[azareus] we will see

[*dont promote other sites*] just for kicks

[*dont promote other sites*] then we would cash in just as we all have been doing anyway

[syanardinar] *dont promote other sites* ALI?

[*dont promote other sites*] most of the dinar will be broght back to the bank

[*dont promote other sites*] Ali, other traders, your bank

[*dont promote other sites*] here in texas Bank of Texas exchanges dinar right now

[*dont promote other sites*] so the rv happens

[*dont promote other sites*] most people cash money in

[*dont promote other sites*] and the bulk of the dinar goes back to the CBI

[*dont promote other sites*] lets say 60 percent

[*dont promote other sites*] I am painting you a scenario

[*dont promote other sites*] then next they rv again at a higher figure like 1.18

[*dont promote other sites*] that will create another suge of money being cashed in

[*dont promote other sites*] so lets say now they have 85 90 percent of the dinar float back

[*dont promote other sites*] now, its lets say november

[*dont promote other sites*] or later in the year

[*dont promote other sites*] now chap 7 is lifted

[*dont promote other sites*] and the dinar floats up to 3.85

[*dont promote other sites*] do you have any idea how much money cbi will make if that happens

[syanardinar] *dont promote other sites* i see what you are saying...brilliant!

[*dont promote other sites*] becuase they bought it all back at less than a buck

[*dont promote other sites*] the money would in fact all be just free

[ART] *dont promote other sites* i agree

[*dont promote other sites*] they would make trillions of dollars

[*dont promote other sites*] if done that way

[*dont promote other sites*] so the bank is not stupid

[*dont promote other sites*] they need the dinar back in the vaults

[*dont promote other sites*] and opening at 3.44 or what ever is just stupid they would be bankrupt the first week

[*dont promote other sites*] and would neve be able to make any money off of this

[ART] *dont promote other sites* question when you get a min

[*dont promote other sites*] the other issue is TBI

[*dont promote other sites*] ok hold on

[*dont promote other sites*] TBI still hold a but load of dinar

[*dont promote other sites*] I am sure the have now been in negotiations with tbi trying to aquire the dinar back at wholesale before the RV

[*dont promote other sites*] they really have a lot of dinar right there across town

[*dont promote other sites*] so that would make sense

[*dont promote other sites*] I think that woud be done, first, then the RV and below a buck, then a few smaller incremental RV's

[*dont promote other sites*] to fish out all the dinar back to base

[*dont promote other sites*] then the chap 7 then we float up to Kuwait

[*dont promote other sites*] ok questions

[ART] assming .85 on a controlled float is there not a % control on how much it could float up to this dec

[*dont promote other sites*] a ha... yes but why would they make a float

[*dont promote other sites*] I say no

[*dont promote other sites*] I say when they RV it will be fixed as it is now until they lift chapter 7

[*dont promote other sites*] they are not going to gamble against themselves

[ART] interesting

[*dont promote other sites*] they control it

[syanardinar] Do you think they will give a time frame for the larger notes?

[*dont promote other sites*] they have an empty vault right now

[*dont promote other sites*] I think the notes will all go back tot he bank

[*dont promote other sites*] then really later in the year they will do away with the large notes

[ART] a float for insurance it wouldnt make a doward spiral ....not likely

[*dont promote other sites*] becuase no one wants to be carring around a million bucks

[*dont promote other sites*] all the time

[*dont promote other sites*] its been fixed for 5 years and stable now

[*dont promote other sites*] why would that change if it opened at 85 cents for instance

[*dont promote other sites*] it would just be fixed again at another rate

[*dont promote other sites*] CBI needs its cash back man, and they are not going to pay 4 bucks to get it back

[*dont promote other sites*] think of it like a casino

[*dont promote other sites*] you have all these chips out on the casino floor

[*dont promote other sites*] you would like them all back becuase you are going to raise the price of the chips

[*dont promote other sites*] so you raise it a little so every one can cash in for cash, so you then once all the chips have been returned you change the price higher

[*dont promote other sites*] does it not make sense?

[ART] do you think the incrimental revalue would go many aof small pips or several large jumps

[*dont promote other sites*] Art

[*dont promote other sites*] I think this

[*dont promote other sites*] CBI will set a rate

[*dont promote other sites*] the planet will freak out and cash in droves

[*dont promote other sites*] everyone will be cashing in

[syanardinar] I worry about them rv, ing and then announcing that they no longer accept the larger notes after the lower denoms come out.

[*dont promote other sites*] they they will evealuate how much money they have back what they need to do next, if they get it all back with the first RV they wont need to do another fixed increase.. however I think they will need to

[*dont promote other sites*] no

[*dont promote other sites*] thats not going to happen I dont think

[*dont promote other sites*] I think that once the big bills are all returned they will be just phasing them all aout

[*dont promote other sites*] out

[*dont promote other sites*] like why would we carry around a 25,000 note it would be stupid

[*dont promote other sites*] so yo understand

[syanardinar] I want to hold for the "bigger fish" but afraid

[*dont promote other sites*] I think under a buck at open

[*dont promote other sites*] hmmm... yes I understand and you are like 95 percent to the planet and thus will be cashin in

[*dont promote other sites*] they expect that

[*dont promote other sites*] to happen

[ART] *dont promote other sites* i think they will put out a sucker rate for lack of better term but still attractive to get the notes back let them set in the vault and double in value much what you said

[*dont promote other sites*] they will open their bank vault in a few months and all the money is back inside do you see

[syanardinar] Cash some...hold some, is what i plan to do

[ART] syanardinar i have some small denoms i will hold back

[*dont promote other sites*] then they will Rv again as needed until they get high 90% plus of the dinar back then they will Release the chap 7 so it can float up and be interenationally traded

[*dont promote other sites*] trust me the "sucker rate" will work

[*dont promote other sites*] the majority will be cashing in

[azareus] so you don´t think they will release chapter 7 at years end?

[*dont promote other sites*] I think they will relase chapter 7 when it is needed for them

[*dont promote other sites*] right now it would be stupid

[*dont promote other sites*] they can make some cash on the dinar

[*dont promote other sites*] big play for them, with chap 7 they control the money

[*dont promote other sites*] and the rate

[azareus] ok, UN has said, last year of sanctions

[*dont promote other sites*] yes its by year end

[syanardinar] *dont promote other sites* definately seems logical! A better explaination than what i have read in a long time

[*dont promote other sites*] I think they will realease 7 like thanksgiving time frame

[ART] *dont promote other sites* they do need a choak collar to make them behave

[*dont promote other sites*] afte they have so much money

[*dont promote other sites*] can you imaging for a second all the money the bank will make

[*dont promote other sites*] trillions of dinar in vault, they buy lets say a 85 cents, then one day they wake up and its worth 3.85, how how much actually did that cost them to get all the dinar back NOTHING, zero.. and they made a 3.00 profit to boot

[*dont promote other sites*] they would have more liquidity than the fricken EU

[*dont promote other sites*] at that point, its amazing

[*dont promote other sites*] so I think this is all my take on things and just my take.. I think Shabibi is not stupid... and he has it all planned out.

[syanardinar] I have not seen anyone explain it like you have tonight....nice to see your input again!

[ART] tripple their money in less than a year$$$$$$$$$$$$$$$

[*dont promote other sites*] syanardinar thanks

Not sure if you are interested in this, but he has a very sensible take on the rv

[jmw]

The part i don't get is thinking that all or most of the dinar out will be cashed in...since the vast majority of dinar out is in use in iraq why would they "cash" in?...we speculators own a very small portion of what is out and therefore only a very small portion will come back in. The only way to get the rest in is to redenominate...which they have talked about but no one here wants them to do. It seems we always look at this as we are the center of their currency...we are not..they will do what they believe is best for their country and people.

[sonny1]

WOW, NOW THESE GUYS ARE STEALING WHAT IVE BEEN SAYING FOR 5 MONTHS NOW. ATLEAST HE COULD OF BOUGHT ME DINNER FIRST BEFORE HE ****** ME!!!!!! ITS UNBELIEVABLE

STOP STEALING (LOL, HOW IRONIC) MY INFO!!!

[mrref]

Sonny they stole it from you

[captspiffy]

WOW, NOW THESE GUYS ARE STEALING WHAT IVE BEEN SAYING FOR 5 MONTHS NOW. ATLEAST HE COULD OF BOUGHT ME DINNER FIRST BEFORE HE ****** ME!!!!!! ITS UNBELIEVABLE

STOP STEALING (LOL, HOW IRONIC) MY INFO!!!

Sonny1,

Since it appears the RV could happen soon, would you recommend buying more?

I agree with the post, If it works like the above post, I would sell just enough to pay off everything

sell it in chunks til it gets to the $3 dollar range.........

CaptSpiffy

[sonny1]

Sonny1,

Since it appears the RV could happen soon, would you recommend buying more?

I agree with the post, If it works like the above post, I would sell just enough to pay off everything

sell it in chunks til it gets to the $3 dollar range.........

CaptSpiffy

I AM THE WRONG GUY TO ASK IF YOU SHOULD BUY MORE. IN MY OPINION I WOULD BUY AS MUCH AS YOU CAN AFFORD TO LOSE. I DONT SAY THAT BECAUSE I DONT THINK IT WILL HAPPEN, BUT BECAUSE YOU DONT WANT TO GET CAUGHT UP IN THE DINAR GAME, IF YOUR FINANCE SITUATION ALLOWS IT, I WOULD PROBABLY BUY A LITTLE MORE. JUST MY OPINION

[Teresa82]

that is pretty ironic!

[lancer22]

Iraq's Vaults better not be empty. The better be packed full of Lower Denominations....(which nobody has seen yet in mass.)

Sorry to Sonny for their piracy. that sucks. Not even a reach around..

[drox]

Who you kidding Sonny.... You stole it from me Hahaha....Just kidding of course!

Actually that has been my assessment for sometime too. A multi-tiered RV. I always thought it would start at 1000IQD and possibly go in tens... 100, $.10, $1, then chap 7 release and trade open on Forex. Not necessarily all of those tiers but some semblance of them perhaps. The idea is dropping the zeros from the exchange rate and keeping the managed float in place to do so. The tens concept will keep the currency easily convertible for the people under the managed float system because I believe they will re-denominate before they open it up to full international trade. NOT a lop because it would occur after all RV's and towards the end of the year! Multi-tiering makes all the sense in the world to me and I don't buy into the more investors will flood the market and crush them concept. This is kind of like a Fortune 100 company buying back their own shares to decrease outstanding shares... whereby increasing the value of the stock. Same principle... as Iraq would be investing it itself. Although, I really hope it just opens around a buck or higher like everyone else for simplicity sake. I have a hard time believing it would RV over $.30 at first. I believe the potential of over $3 is a possibility but most likely only after open trading on Forex etc.

[Mongo]

.........................

[k98nights]

May 10, 2010 · Posted in CHATS / POSTS

*StarDogger* thoughts on RV and CBI 5-10 Early AM

[ART] syanardinar refering to auction its believed no auction if there going to rv

[*StarDogger*] just popping in

[*StarDogger*] I ant to interject

[azareus] pop on stardogger

[syanardinar] Art yeah…and they might want to go into hiding…they have been getting it with both barrels for weeks!

[*StarDogger*] they absoluely do not need to lift chap 7 to rv

[*StarDogger*] they need to seat the goi

[*StarDogger*] but not lift 7

[ART] *StarDogger* hi

[azareus] ok

[*StarDogger*] yest if they rv they will not have a tradeable currency

[*StarDogger*] but so what they don’t now and it has a staic value

[azareus] right

[*StarDogger*] it would be in their best interest if they dont lift 7 now

[*StarDogger*] now

[hwweberjr] CBI posted auction for may 10 2010 176+mil xrate 1170

[azareus] really

[*StarDogger*] lets assume that they for instance open at 85 cents

[azareus] we will see

[*StarDogger*] just for kicks

[*StarDogger*] then we would cash in just as we all have been doing anyway

[syanardinar] *StarDogger* ALI?

[*StarDogger*] most of the dinar will be broght back to the bank

[*StarDogger*] Ali, other traders, your bank

[*StarDogger*] here in texas Bank of Texas exchanges dinar right now

[*StarDogger*] so the rv happens

[*StarDogger*] most people cash money in

[*StarDogger*] and the bulk of the dinar goes back to the CBI

[*StarDogger*] lets say 60 percent

[*StarDogger*] I am painting you a scenario

[*StarDogger*] then next they rv again at a higher figure like 1.18

[*StarDogger*] that will create another suge of money being cashed in

[*StarDogger*] so lets say now they have 85 90 percent of the dinar float back

[*StarDogger*] now, its lets say november

[*StarDogger*] or later in the year

[*StarDogger*] now chap 7 is lifted

[*StarDogger*] and the dinar floats up to 3.85

[*StarDogger*] do you have any idea how much money cbi will make if that happens

[syanardinar] *StarDogger* i see what you are saying…brilliant!

[*StarDogger*] becuase they bought it all back at less than a buck

[*StarDogger*] the money would in fact all be just free

[ART] *StarDogger* i agree

[*StarDogger*] they would make trillions of dollars

[*StarDogger*] if done that way

[*StarDogger*] so the bank is not stupid

[*StarDogger*] they need the dinar back in the vaults

[*StarDogger*] and opening at 3.44 or what ever is just stupid they would be bankrupt the first week

[*StarDogger*] and would neve be able to make any money off of this

[ART] *StarDogger* question when you get a min

[*StarDogger*] the other issue is TBI

[*StarDogger*] ok hold on

[*StarDogger*] TBI still hold a but load of dinar

[*StarDogger*] I am sure the have now been in negotiations with tbi trying to aquire the dinar back at wholesale before the RV

[*StarDogger*] they really have a lot of dinar right there across town

[*StarDogger*] so that would make sense

[*StarDogger*] I think that woud be done, first, then the RV and below a buck, then a few smaller incremental RV’s

[*StarDogger*] to fish out all the dinar back to base

[*StarDogger*] then the chap 7 then we float up to Kuwait

[*StarDogger*] ok questions

[ART] assming .85 on a controlled float is there not a % control on how much it could float up to this dec

[*StarDogger*] a ha… yes but why would they make a float

[*StarDogger*] I say no

[*StarDogger*] I say when they RV it will be fixed as it is now until they lift chapter 7

[*StarDogger*] they are not going to gamble against themselves

[ART] interesting

[*StarDogger*] they control it

[syanardinar] Do you think they will give a time frame for the larger notes?

[*StarDogger*] they have an empty vault right now

[*StarDogger*] I think the notes will all go back tot he bank

[*StarDogger*] then really later in the year they will do away with the large notes

[ART] a float for insurance it wouldnt make a doward spiral ….not likely

[*StarDogger*] becuase no one wants to be carring around a million bucks

[*StarDogger*] all the time

[*StarDogger*] its been fixed for 5 years and stable now

[*StarDogger*] why would that change if it opened at 85 cents for instance

[*StarDogger*] it would just be fixed again at another rate

[*StarDogger*] CBI needs its cash back man, and they are not going to pay 4 bucks to get it back

[*StarDogger*] think of it like a casino

[*StarDogger*] you have all these chips out on the casino floor

[*StarDogger*] you would like them all back becuase you are going to raise the price of the chips

[*StarDogger*] so you raise it a little so every one can cash in for cash, so you then once all the chips have been returned you change the price higher

[*StarDogger*] does it not make sense?

[ART] do you think the incrimental revalue would go many aof small pips or several large jumps

[*StarDogger*] Art

[*StarDogger*] I think this

[*StarDogger*] CBI will set a rate

[*StarDogger*] the planet will freak out and cash in droves

[*StarDogger*] everyone will be cashing in

[syanardinar] I worry about them rv, ing and then announcing that they no longer accept the larger notes after the lower denoms come out.

[*StarDogger*] they they will evealuate how much money they have back what they need to do next, if they get it all back with the first RV they wont need to do another fixed increase.. however I think they will need to

[*StarDogger*] no

[*StarDogger*] thats not going to happen I dont think

[*StarDogger*] I think that once the big bills are all returned they will be just phasing them all aout

[*StarDogger*] out

[*StarDogger*] like why would we carry around a 25,000 note it would be stupid

[*StarDogger*] so yo understand

[syanardinar] I want to hold for the “bigger fish” but afraid

[*StarDogger*] I think under a buck at open

[*StarDogger*] hmmm… yes I understand and you are like 95 percent to the planet and thus will be cashin in

[*StarDogger*] they expect that

[*StarDogger*] to happen

[ART] *StarDogger* i think they will put out a sucker rate for lack of better term but still attractive to get the notes back let them set in the vault and double in value much what you said

[*StarDogger*] they will open their bank vault in a few months and all the money is back inside do you see

[syanardinar] Cash some…hold some, is what i plan to do

[ART] syanardinar i have some small denoms i will hold back

[*StarDogger*] then they will Rv again as needed until they get high 90% plus of the dinar back then they will Release the chap 7 so it can float up and be interenationally traded

[*StarDogger*] trust me the “sucker rate” will work

[*StarDogger*] the majority will be cashing in

[azareus] so you don´t think they will release chapter 7 at years end?

[*StarDogger*] I think they will relase chapter 7 when it is needed for them

[*StarDogger*] right now it would be stupid

[*StarDogger*] they can make some cash on the dinar

[*StarDogger*] big play for them, with chap 7 they control the money

[*StarDogger*] and the rate

[azareus] ok, UN has said, last year of sanctions

[*StarDogger*] yes its by year end

[syanardinar] *StarDogger* definately seems logical! A better explaination than what i have read in a long time

[*StarDogger*] I think they will realease 7 like thanksgiving time frame

[ART] *StarDogger* they do need a choak collar to make them behave

[*StarDogger*] afte they have so much money

[*StarDogger*] can you imaging for a second all the money the bank will make

[*StarDogger*] trillions of dinar in vault, they buy lets say a 85 cents, then one day they wake up and its worth 3.85, how how much actually did that cost them to get all the dinar back NOTHING, zero.. and they made a 3.00 profit to boot

[*StarDogger*] they would have more liquidity than the fricken EU

[*StarDogger*] at that point, its amazing

[*StarDogger*] so I think this is all my take on things and just my take.. I think Shabibi is not stupid… and he has it all planned out.

[syanardinar] I have not seen anyone explain it like you have tonight….nice to see your input again!

[ART] tripple their money in less than a year$$$$$$$$$$$$$$$

[*StarDogger*] syanardinar thanks

[Traconesu02]

Thanks for the post k98.

[ronscarpa]

Thanks for posting Star - Woody - A sensible argument, but I hope he's wrong...! A little higher, then the float.

RON

[Bocadinar]

This makes more sense than anything I,ve read or heard. Thank you

Edited May 10, 2010 by Bocadinar

[Charlie Echo]

U.S. Federal Reserve

Agrees to Bail Out Europe

WITH YOUR MONEY!

NEWS FLASH: Bernanke just agreed to create UNLIMITED numbers of unbacked dollars out of thin air to bail out European debtor nations!

IT’S OFFICIAL: Your buying power and financial security are to be SACRIFICED so that European debtor nations can avoid default and continue giving bonuses and luxury pensions to their workers!

Yesterday, Fed Chief Ben Bernanke announced that the Federal Reserve will print UNLIMITED numbers of U.S. dollars and then use them to buy bonds offered by failing European governments.

It’s enough to make your blood boil:

First, the Fed printed billions to bail out Fannie and Freddie ... billions more to bail out failed bankers ... and billions more to bail out failed automakers ...

Now, Bernanke plans to print an UNLIMITED number of dollars to bail out Greece, Portugal, Italy, Ireland, Spain ... the entire European Union!

This blank-check scheme, worked out with European leaders yesterday, assures them that the Fed will create dollars out of thin air and then use those greenbacks to buy European bonds — many of them junk bonds.

If this isn’t enough to make you fighting mad, consider this: Over the weekend, Bernanke and the Fed ALSO agreed to create unlimited numbers of unbacked dollars to bail out Japan ... plus up to $30 billion to bail out Canada ... plus billions more to bail out the government of Switzerland.

There is no other way to say it: The Federal Reserve has just lit the fuse on one of the greatest explosions of paper money in our history ... an explosion in the supply of dollars that can only gut the value of every other dollar in circulation.

This is nothing more than highway robbery: It can only deplete the value — the buying power — of every dollar you earn, save, invest and plan to live on in retirement.

Meanwhile, European investors are laughing all the way to the bank: The news that WE are picking up the tab for their out-of-control spending has triggered massive stock market gains all across the Continent

There’s no other way to say this, ...

The value and buying power of your money are being stolen from you.

Now, more than ever before, the decisions you make and actions you take will determine how well — or even IF — your family weathers this horrific economic hurricane.

Email from Financial Advising Service. Makes you wonder if the RV and this Fed Bailout of Europe are one in the same.... something has got to give.... GL&GB

[sonny1]

I WONDER WERE HE GOT THIS IDEA FROM.

[Danneedsrvnow]

Did everyone forget that he had a chat the other day........according to him, the rv already took place & we all have already cashed in. He is yet another unreliable one to get info from!

[k98nights]

[Mongo]

what is that? a mangoose.......mongoose riki tiki tavi...... oh a jamaican mongoose

Edited May 10, 2010 by Mongo

[Teresa82]

wasn't this the one I just pasted this morning????

[Traconesu02]

wasn't this the one I just pasted this morning????

Mirror Image - Thanks for the post Teresa82 and k98

[SuperFlyJr]

Sounds good to me. One question: what is TBI?

I espoused this sentiment before, but after the RV I plan on following Jim Cramer's advice on selling stocks and apply it to the RV. If it comes out less than $1 and there's no hard turn-in date for big bills then I'll cash in a percentage, maybe 20%. I'll wait for it to rise and cash in more. I'll wait for it to rise again and cash in more. This ensures that I get some immediate profits without missing out on future gains. There are two other alternatives:

1. Cash it all in. But if/when the exchange rate rises you miss out any future gains.

2. Hold all of it and risk the rate dropping, thus losing money.

By following Cramer's methodology you cash-in a big chunk, make some hefty profit, and ride the upswings without totally being at the mercy of downswings. I hope that makes sense?

----------

(This is another bonus of having Warka account - no large denomination bills to worry about cashing in! I know people, such as sonny1, have suggested something along the lines of an RV at a lower rate coupled with a turn-in date for large denominations. Once that occurs then they can RV again at a much higher rate without more big bills rolling in they have to cover. Having a Warka account avoids the large denomination problem.

Nothing new here, just thinking out loud and wishing I had enough extra money to put some in a Warka account! )

Edited May 11, 2010 by SuperFlyJr

[camishe]

Thanks for the post k98.

[Telabiz]

Now, more than ever before, the decisions you make and actions you take will determine how well — or even IF — your family weathers this horrific economic hurricane.

Email from Financial Advising Service. Makes you wonder if the RV and this Fed Bailout of Europe are one in the same.... something has got to give.... GL&GB

I agree If you do the math the RV @ 3.19 would absolutly make us heros (U.S.) Something has to give , the spoils of war . I think that one has been repeated in the history books more than once , Makes you wonder.

[Earnest T Bass]

Here we go again with sub-value RV disinfo. Your idea might work except others watching will then buy in AND most will HOLD OUT for higher $$$ cash in later. Thus shooting down and to pieces them making all that money buying their IQD back on the cheap. This was just too easy to shoot down.