tommyboy Posted May 1, 2015 Report Share Posted May 1, 2015 So....We're not going to see Buzzy eat his shorts? Darn! Link to comment Share on other sites More sharing options...
drj Posted May 1, 2015 Report Share Posted May 1, 2015 Vietnam has a credit rating (BB-) and we all know that the Dong isn't worth jack. Here is a link...http://www.tradingeconomics.com/vietnam/rating Based on this fact, and not opinion, I don't see how applying for a credit rating or even getting a credit rating has anything to do with an RV. Can someone prove me wrong? Seriously, for everyone's sake, including myself, I hope that I am wrong but in light of Vietnam's credit rating, I just don't see it. Dr J 6 1 Link to comment Share on other sites More sharing options...
Rockymtnhi Posted May 1, 2015 Report Share Posted May 1, 2015 I guess we wait and see. Link to comment Share on other sites More sharing options...
Rockymtnhi Posted May 1, 2015 Report Share Posted May 1, 2015 Vietnam has a credit rating (BB-) and we all know that the Dong isn't worth jack. Here is a link...http://www.tradingeconomics.com/vietnam/rating Based on this fact, and not opinion, I don't see how applying for a credit rating or even getting a credit rating has anything to do with an RV. Can someone prove me wrong? Seriously, for everyone's sake, including myself, I hope that I am wrong but in light of Vietnam's credit rating, I just don't see it. Dr J You make a good point. Link to comment Share on other sites More sharing options...
vato96 Posted May 1, 2015 Report Share Posted May 1, 2015 this is a bit long but it does mention that currency is also given a rating. this comes from the Federal Reserve Bank of New York. hopefully I copied that right www.newyorkfed.org/research/current_issues/ci1-3.pdf 1 Link to comment Share on other sites More sharing options...
Adam Montana Posted May 1, 2015 Report Share Posted May 1, 2015 So....We're not going to see Buzzy eat his shorts? Darn! hehehe Vietnam has a credit rating (BB-) and we all know that the Dong isn't worth jack. Here is a link...http://www.tradingeconomics.com/vietnam/rating Based on this fact, and not opinion, I don't see how applying for a credit rating or even getting a credit rating has anything to do with an RV. Can someone prove me wrong? Seriously, for everyone's sake, including myself, I hope that I am wrong but in light of Vietnam's credit rating, I just don't see it. Dr J When was the VND worth 3:1 vs the USD, and when did Vietnam have a majority of the world's black gold? #urwelcome 15 Link to comment Share on other sites More sharing options...
fancy Posted May 1, 2015 Report Share Posted May 1, 2015 Thanks Buzzy. This is getting good. I'm looking forward to more of your updates. 1 Link to comment Share on other sites More sharing options...
k98nights Posted May 1, 2015 Author Report Share Posted May 1, 2015 When was the VND worth 3:1 vs the USD, and when did Vietnam have a majority of the world's black gold? #urwelcome Exactly!! 3 Link to comment Share on other sites More sharing options...
vato96 Posted May 1, 2015 Report Share Posted May 1, 2015 I seen Buzzy Montana was replying so is there any update from yesterdays email? Buzzy? Link to comment Share on other sites More sharing options...
Adam Montana Posted May 1, 2015 Report Share Posted May 1, 2015 Just waiting on Iraq right now. In the meantime, I am sending out this: Did you catch that news yesterday?Iraq is applying for a credit RATING. Why would they do thatif they didn't think they would get a good result?The answer is obvious - they would not!In fact, this could be the reason they have stalled on finalizingthe HCL... because with an official credit rating and a solidLaw on their oil and gas, an RV is a no brainer.This is the kind of move that puts Iraq in it for the longhaul, friends!With that said... let's get YOU in it for the long haul aswell!If you're not already a Platinum VIP member with me, get itnow at 30% off.That's a savings of over $100!https://www.dinarsupport.com/support/cart.php?a=add&pid=9Use the discount code "rating" for a massive $113.99 discounton your Platinum Lifetime VIP upgrade!Remember, Platinum carries all the benefits of my VIP group,but you never have to worry about your membership expiring. Youget your Certificate NOW - no waiting!If you're not familiar with my VIP group, all you have to dois read the attached Cash In Guide to quickly understand howimportant it is to be prepared... and I've done ALL the workfor you!Obviously this offer is DEAD if we have an RV before it expires,so don't delay. It expires on Monday either way.Oh, and once you place your order, be SURE to watch your emailfor a confirmation! Your VIP Certificate (numbered, watermarkedon special paper, and hand signed by me) will be shipped byFed Ex as soon as we get your confirmation.Here's that link again!https://www.dinarsupport.com/support/cart.php?a=add&pid=9Discount code: ratingSee you in VIP! 3 Link to comment Share on other sites More sharing options...
MillieChatham Posted May 1, 2015 Report Share Posted May 1, 2015 It's cheaper to go ahead and become a VIP. If you keep, or have kept, reupping for awhile, it costs more. Link to comment Share on other sites More sharing options...
drj Posted May 1, 2015 Report Share Posted May 1, 2015 hehehe When was the VND worth 3:1 vs the USD, and when did Vietnam have a majority of the world's black gold? #urwelcome Great point! Thank you, Adam, that's just what I needed to hear. Also, we all know that Iraq is LOADED with other minerals and precious metals besides oil. Top it off with all of the gold that they have in reserve and... OK, I feel better now and I am happy to stand corrected! Dr J 2 Link to comment Share on other sites More sharing options...
Drifter Posted May 1, 2015 Report Share Posted May 1, 2015 If these bonds are in IQD then you can put your IQD back in the shoebox for a long time, no way CBI will RV when GOI has bonds to pay off. They'll do like all other govts do, devalue their currency and pay off bonds with devalued currency, well known trick all govts do.Of course issuing bonds for deficit financing means no RV either. 1 1 Link to comment Share on other sites More sharing options...
Markinsa Posted May 1, 2015 Report Share Posted May 1, 2015 If these bonds are in IQD then you can put your IQD back in the shoebox for a long time, no way CBI will RV when GOI has bonds to pay off. They'll do like all other govts do, devalue their currency and pay off bonds with devalued currency, well known trick all govts do. Of course issuing bonds for deficit financing means no RV either. They will be issued in USD. Proposal to launch a Government bond debt in dollars . Link to comment Share on other sites More sharing options...
vato96 Posted May 1, 2015 Report Share Posted May 1, 2015 Hmm Buzzy,, that's called bait and switch!!!! LOL J/K LOL GO Bears!!!! Link to comment Share on other sites More sharing options...
Drifter Posted May 1, 2015 Report Share Posted May 1, 2015 They will be issued in USD. Proposal to launch a Government bond debt in dollars . Then it doesn't affect IQD at all, certainly doesn't mean RV. And it proves Iraq will keep using USD in foreign banking & trade for a long time. Foreign buyers of Iraq bonds want USD repayment not IQD. They won't touch Iraq bonds if there is any possibility Iraq would try to repay in IQD. It would be illegal anyway if bonds are denominated in USD. Link to comment Share on other sites More sharing options...
Drifter Posted May 1, 2015 Report Share Posted May 1, 2015 They will be issued in USD. Proposal to launch a Government bond debt in dollars . P.S. And Iraq CDS at 539 basis points means nobody in the financial world has any confidence in GOI. Doesn't look good for any RV. 4 Link to comment Share on other sites More sharing options...
skeetdog Posted May 1, 2015 Report Share Posted May 1, 2015 What happens when they issue these bonds in IQD and then increase the IQD's worth...Then ride the wealth wave and sell at optimal gains... Link to comment Share on other sites More sharing options...
ATHIM Posted May 1, 2015 Report Share Posted May 1, 2015 Add to that Skeetdog; when the USD tanks they will pay off the bonds for pennies on the dollar. 1 Link to comment Share on other sites More sharing options...
Markinsa Posted May 1, 2015 Report Share Posted May 1, 2015 Two things: 1. If they issue Bonds to be paid in Dinar, that will increase the Liability of the issuer of the bonds, because if I remember correctly the Bonds have a redeemed face value on them. So if they issue 1 Mil Dinar in Bonds, then they have to pay 1 Mil Dinar when they are redeemed for payment. If they are going to RV to 1:1, they really don't want to do that when they have this outstanding debt in Dinar. 2. By issuing Debt in USD, they don't have to worry about a 1:1 RV. Also, Dinar sitting in savings accounts and in circulation, could be used to purchase this Debt, reducing M2 and M1, which would reduce the CBI's outstanding liability of currency issued. . 2 Link to comment Share on other sites More sharing options...
easyrider Posted May 1, 2015 Report Share Posted May 1, 2015 (edited) lol went back and looked at drifter's posts of course all his posts were negative and said we had zero chance of profit... with 10 posts hmmmm Edited May 1, 2015 by easyrider 1 1 Link to comment Share on other sites More sharing options...
Drifter Posted May 1, 2015 Report Share Posted May 1, 2015 What happens when they issue these bonds in IQD and then increase the IQD's worth...Then ride the wealth wave and sell at optimal gains... Pay back 1,000 times more than they borrowed? No way GOI would do that. They just won't RV till bonds are paid back, probably 10 years. And if they're rolled over it'll be another 10 years. Sorry, but issuing bonds pretty much squashes any RV possibility for a long time. 2 Link to comment Share on other sites More sharing options...
Markinsa Posted May 1, 2015 Report Share Posted May 1, 2015 Pay back 1,000 times more than they borrowed? No way GOI would do that. They just won't RV till bonds are paid back, probably 10 years. And if they're rolled over it'll be another 10 years. Sorry, but issuing bonds pretty much squashes any RV possibility for a long time. Not if they issue the bonds in USD. 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted May 1, 2015 Report Share Posted May 1, 2015 P.S. And Iraq CDS at 539 basis points means nobody in the financial world has any confidence in GOI. Doesn't look good for any RV. so if the bond is in dinar..no rv..but if in dollars then no rv??????? Sorry, but issuing bonds pretty much squashes any RV possibility for a long time. Read more: http://dinarvets.com/forums/index.php?/topic/201735-exclusive-iraq-seeks-credit-rating-before-jumbo-bond-issue/page-5#ixzz3YuGrWVqE do you not agree that a credit rating is a good thing? Link to comment Share on other sites More sharing options...
skeetdog Posted May 1, 2015 Report Share Posted May 1, 2015 Uh Hell...I was thinkin' the bonds would be locked in at 1166 to the Buck...The worth of the bonds can only be at the present-day value...Then when the value increases the increased value is applied to the principle in turn gives a negative...which in a flat-currency is a profit... Link to comment Share on other sites More sharing options...
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