Iraq will return to the market Mid-2016!

[coorslite21]

Rock,

 

A final thought,

 

I admire that you are looking for answers.  I will suggest that you look into what is happening with the BRICS Nations and the AIIB movement.  Russia has now also created their own swift system and many countries are by passing the petro dollar.  Your statement about the AIIB was:

 

“ I am not sure what your point is re. AIIB .  It is a Chinese tool to build financial power in the far East. But lately China has been contracting so maybe a little premature.”

 

This leads me to believe you might not understand the scope of what is happening here. You may want to research that whole movement further.  There is a major shift in world economics.  These changes will affect us all.  The world is broke; it’s as simple as that.  Those pulling the strings will have to make some accommodations for this.  This isn’t a conspiracy theory, those in charge either come up with a solution or the world could face a very steep depression unlike any in the past as the world has never been so inter-connected as we are today. 

 

My bet is that this gets fixed and some of that fix is what we have covered on this thread.  Some of that fix will involve the IQD……as always….JMO………

 

below are some links that might provide additional insight on AIIB and BRICS for you.  

 

____________________________________

 

China-led AIIB development bank holds signing ceremony

 

http://www.bbc.com/news/world-asia-33307314

 

 

BRICS

http://www.ecns.cn/business/2015/08-04/175792.shtml

 

http://thebricspost.com/

 

 

Swift & Petro Dollar

 

https://www.rt.com/business/204459-russia-swift-payment-alternative/

 

http://www.bloomberg.com/news/articles/2015-04-13/oil-rich-nations-burn-through-petrodollar-assets-at-record-pace

 

http://www.truthandaction.org/23-countries-now-abandoning-us-dollar-2/

 

 

Our Allies are getting pretty tight with BRICS

 

http://www.dw.com/en/angela-merkel-visits-china/av-18814259

 

http://www.scmp.com/news/china/diplomacy-defence/article/1873001/after-xi-jinpings-visit-britain-german-chancellor

 

http://www.china.org.cn/world/2015-10/26/content_36895449.htm

 

http://www.haaretz.com/israel-news/.premium-1.677075

 

 

I have added enough for now.  You should be able to connect the dots!!

 

 

Take care.

Edited October 31, 2015 by coorslite21

[Antietam]

I'll stick with king dollar. I have heard these currency "basket" theories before. No one wants to compare their economy with the US, cuz we blow them all away. China was getting closer but then succumbed to an economic recession that required five currency devaluations of the yuan. Not saying we are tearing the doors down, but where else would you want to live.? Huh? And if you want to live somewhere else then why are you still here complaining. Just saying.

[coorslite21]

I'll stick with king dollar. I have heard these currency "basket" theories before. No one wants to compare their economy with the US, cuz we blow them all away. China was getting closer but then succumbed to an economic recession that required five currency devaluations of the yuan. Not saying we are tearing the doors down, but where else would you want to live.? Huh? And if you want to live somewhere else then why are you still here complaining. Just saying.

 

 

"where else would you want to live.? Huh? And if you want to live somewhere else then why are you still here complaining. Just saying."

 

Antie...........you certainly have a way with words!!......and the "just saying" part..........now that really slays me !

 

It is very obvious that you are just here to cause trouble.......

 

One last post to see if I can turn you from the dark side of life, to the bright side of DV

 

 

============

 

We are all entitled to our opinions here.  I view this thread to be some what educational.  I am not complaining.  Where would you come up with that idea?  

 

You at one point in time believed there might be some value in diversifying some of your holdings into IQD, or you wouldn't have bought it. ( if you actually own any)  If you are unhappy with that decision sell it and take that USD and put it in your sock drawer and see how that works for you.  

 

I will state it one more time. I also think the US is the best country in the world. It has been, and is right now.  Every great country in history has declined.  If you look realistically at where the US is economically you have to see there are problems.  Then take the moral issues and the anti Christian crap that is sweeping the country. Is the US on the rise, or in decline?

 

If what I have posted on this thread hasn't at least made you think a little about where the US is as a country, then I can't help you. 

 

I choose to have my eyes open to all of this.  I study currency history, economic history and how nations rise and fall.  Did you know it only took the Roman Empire 9 years to be diminished from everything to almost nothing ....google it....  

 

I have diversified and encourage others to do the same whether it is buying metals, or opening a bank account in Canada.  Multi Currency accounts are a good bet too.  You might also want to research other possibilities offered on this site such as VIP or OSI.  

 

Are you here to learn, or just stir the pot?

 

The bottom line here is this, for the most part, this is a group of  open minded,  like minded people.  The vast majority love American, but can also see the problems.

 

This group is looking to better their life situations, looking for possible alternatives that will help them advance.   If you want to be part of it then you will be welcomed.  If not, then I suggest you check out.

 

I have spent quite a bit of time posting to your posts.  I have much better things I could be doing with my time.  This is a large site with a great deal of information and I suggest you take some time and look it over completely.  You might be surprised what you will learn.

 

I hope your life goes well in the future and that you will be making good life decisions.  As I stated earlier, I have better things to do than replying to your negative posts.. I won't be making that mistake again. 

[Antietam]

I will defend this country against all enemies domestic or foreign. Not to sayING

in any way that you are an enemy, as I am quite sure you are a solid American, but I do get tired of a seemingly endless tirade against this country, especially by the left. No, I'm not some backwoods militia member, but I do believe in the 2nd amendment. You sound like an educated person. So am I. We read and listen to the same daily news. All I am saying is the news that we both listen to concerning iraq ( OUR INVESTMENT) is currently sucko. They cannot reach and SUSTAIN any agreement with anyone for longer than a month. IMF, the WB and now Japan are pouring money as LOANS into Baghdad to try to maintain it's sovereignty. The CBI reserves are half, HALF of what they were when I bought dinar back in 2010. That is not a "happy face" piece of data. But the worst condition is iraq's total ineptitude at fighting any kind of war with ISIS which GOVERNS a third of their country. It's bad over there right now, and we should all just admit it, instead of blowing blue sky up everyone's noses. We have to be patient. That's all I'm saying. I'm quite sure I will receive some nasty responses, but what I am saying is NOT lobster talk. It's just the truth right now. I am positive that there is profit in the dinar, just down the road.

[SocalDinar]

Good thread

 

Thanks Everyone.

[coorslite21]

I thought the budget for 2015 called for oil at $50 a barrel (something like that)

 

I will look for it, but I know we spoke about that back in the day.

 

Looks like you have a good memory Ms SnowGlobe7.

 

Cabinet Approves 2016 Budget of $91bn

October 21, 2015 in Politics

By John Lee.

Iraq’s Cabinet has approved a budget of 106 trillion Iraqi dinars ($91 billion) for 2016.

The figures are based on crude oil output of 3.6 million barrels per day (BPD) at a price of $45 a barrel.

Spokesman Saad al-Hadithi told The Associated Press that Iraq will run with a deficit of 23 trillion dinars ($20 billion), which will be relieved through loans from local and international lenders.

The budget will now go before parliament for final approval.

http://www.iraq-businessnews.com/2015/10/21/cabinet-approves-2016-budget-of-91bn/

 

[SnowGlobe7]

TY.......so what is oil at now?

 

 

 

Crude Oil Price

 

 

Thursday, October 29, 2015: NYMEX West Texas Intermediate Crude Oil Price for December delivery closed up $0.12 at $46.06 per barrel. 

 

 

 

SO any shortage can NOT be blamed on oil prices!!!!

Oil is right at what they put in their budget folks!!!!!

sorry forgot the link folks

 

http://www.wtrg.com/daily/crudeoilprice.html

Edited November 1, 2015 by SnowGlobe7

[coorslite21]

Take a look at this and you can draw your own conclusions.  I’m not trying to sell it, nor will I debate it.   This is supporting evidence as to the strength of these emerging nations.

 

Iraq and any revaluation is a small part of the equation.  IMO the situation with the emerging BRICS nations and the moves they are making will be what forces the economic changes we are looking for in Iraq and other countries. The BRICS nations are strong.  Most Nations Worldwide are seeing some decline.  The BRICS nations aren’t declining any faster the US.

 

I am not predicting the end of the world as the US knows it; the US will always be strong.  The US will no longer be the only dominant player in the World’s world of finance.

 

 IMO, based on the numbers, I doubt we will have to wait any great length of time for these changes to occur.  No later than mid 2016 sounds about right to me……wasn’t that what the title of this thread was??

 

 

Time will tell………

 

 

==========================================================

 

 

Let’s start with Debt-to-GDP Ratio. 

 

Economists often use this to gauge the health of a countries economic well being.  The lower the number the better off the country is. The BRICS Nations seem to have some strength here.

 

Japan       230

Greece     177

USA          103

India         66

Brazil        59

China       41

Russia      18

Iraq          37

 

http://www.tradingeconomics.com/country-list/government-debt-to-gdp

 

 

==========================================================================

 

Now a post from 2014.  The numbers may have changed a little, but the fundamental concept is pretty much the same.

 

“If you listen to conventional financial news, they’ll all tell you that you’d have to be insane to own anything in Russia right now—stocks, bonds, currency, etc.

 

They’ll tell you that the ruble is in freefall, and that the dollar is the place to be.

 

This is not data-driven information.

 

So let’s look into the numbers and make an objective comparison between the US dollar and the Russian ruble.

 

These results might surprise you.

 

First off, start with the premise that ALL paper currencies are fundamentally flawed.

 

Our global monetary system is absurd—the idea of letting unelected central bankers conjure as much money as they want to out of thin air is simply insane. (Fiat Currency…….and…...The Federal Reserve is neither owned or controlled by the US Government)

 

It is true that some fiat currencies have better fundamentals than others. And if you want to understand the health of a currency, it’s imperative to look at the ISSUER of that currency, i.e. the central bank.

 

As with any bank, one of the most important metrics in determining a central bank’s financial health is its level of solvency.

 

Specifically we look at the bank’s capital (i.e. net assets) as a percentage of its total balance sheet.

 

The US Federal Reserve only has a basic capital ratio of 1.26%. Talk about razor thin. (This is down from 4.5% just a few years ago)

 

That means if the value of the Fed’s assets declines by only 1.26%, the issuer of the world’s dominant reserve currency becomes insolvent.

 

Now, what happens to the liabilities of an insolvent entity? They decrease in value. Just like how Greek bonds (the liabilities of the Greek government) collapsed a few years ago.

 

What are the Fed’s liabilities? Open your wallet. Those green pieces of paper aren’t ‘dollars’. Just look. They have “Federal Reserve Note” (i.e. debt) printed on them.

 

So the Fed’s pitiful financial condition directly affects the value of the dollar over the long-term.

 

On the other hand, the Russian central bank’s ratio is 12.5%—literally almost TEN TIMES GREATER than the Fed.

 

Capital cushion is crucial because when the unsuspected happens, this is what can help keep you afloat.

 

Think about it: you might be able to keep going without savings, perhaps even accumulating debt, but only until something happens out of the blue. (Perhaps a run on the banks because of some major event or some country holding your debt decides to call it in)

 

Another important metric is gold. As mentioned, since all fiat currencies are fundamentally flawed, it’s important to see the amount of REAL ASSETS that a central bank holds in reserve.

 

To make an apples-to-apples comparison, we look at a central bank’s GOLD reserves as a percentage of the money supply, i.e. how much gold backs the money supply.

 

In Russia, it’s 6.2% and rising. Last year it was 5.5%, and the central bank is continuing to heavily stockpile more.

 

How much gold backs the dollar?

 

Precisely zero, point zero percent.

 

The Fed doesn’t own gold. It loudly proclaims this on its own website: “The Federal Reserve does not own gold.”

 

It holds ‘certificates’ which are redeemable for US dollars. But there’s not a single ounce of gold backing the US dollar.

 

So… with no gold and pitifully razor thin solvency levels, it really wouldn’t take much of a shock to topple the dollar.

 

By comparison, the ruble is much better capitalized and actually has something backing it.

 

I’m not advocating buying the ruble, but hard, publicly available numbers clearly demonstrate the discrepancy between “sentiment” and objective data.

 

The bottom line, however, is - if you wouldn’t want to own the ruble, then what are you doing holding 100% of your assets in the dollar?”

 

 

By the way, to be clear here, I am not pro Russia or Putin.  He is the guy who would love to destroy America in any, and every way possible.  President Reagan and his predecessors did this exact thing to the former Soviet Union.  They were destroyed economically by the West and I believe Putin is trying to return the favor. (Know your enemies and hold them close!!)

 

I believe taking a good long look into diversifying your portfolio by adding metals, land, and perhaps looking into multi-currency accounts might be to your benefit for your future.

[Freedomrules]

I don't think we will see a budget again this year. They are no longer functional. Not without the bribes anyway

[coorslite21]

I don't think we will see a budget again this year. They are no longer functional. Not without the bribes anyway

 

 

You might want to take a look at post #31 a couple of posts above this one. Have a good week !

[Freedomrules]

Same as last year Coorslite. It just went to parliament. If they do come to an agreement and pass this budget it will late February at the earliest. I have never seen a budget passed any sooner than this have you?

[Antietam]

Coors, you put the Russian debt to GDP at 18, which it may be, but your premise is that this low number somehow makes russia's economy in a better place to be a world currency leader. The last news I read points to the fact that Russia's economy is petroleum/natural gas dependent, and therefore Putin's government is on the verge of bankruptcy. Fiat currency is based on only one thing. The "idea" , faith, understanding" that a certain country has the strength of economy to sustain thein currency value in world markets. That's it. Period. When the economy suffers, the currency suffers on FOREX trading. We dang near ruined iran's currency through sanctions, and we are doing it to the Russian ruble right now through sanctions. Because of this economic "faith" that the world has for the US, the dollar remains, and will remain "KING", for many decades to come. Unless of course, we vote in a socialist for president in 2016.

[Shabibilicious]

Some markets will not be denied.    

 

 

GO RV, then BV

[Texstorm]

Some markets will not be denied.    

 

 

GO RV, That's crazy ! 

[SnowGlobe7]

nuts...just nuttzo