Breitling chat - 6/22/10 - 2:00 pm

[SuperFlyJr]

magis says to (14:15:30):

All I can say is I hope it works in Iraq sooner than later so everyone wins!

Breitling says to (14:15:47):

DONT WORRY IRAQ WILL RV ONE WAY OR THE OTHER

THATS NOT EVEN A ISSUE

THE RV IS NOT ON THE LINE

Lady of the Lake says to (14:16:13):

you think that is true Breitling, EVEN if all heck breaks loose

Breitling says to (14:16:17):

IT WILL RV NO MATTER WHAT

IMF IS SITTING ON DINAR

THAT IS WORTHLESS AT THE MOMENT

IF IT ALL GOES TO HELL THEN THEY WILL RV JUST TO GET THE LOAN FUNDS BACK

BUT THAT WILL NEVER HAPPEN

THEY WILL LET THE CBI DO IT

AND IN GOOD TIME

AND IT WIL BE GOOD

SO DONT WORRY ABOUT THAT

YOU HAVE TO UNDERSTAND THE VALUE OF THE 70% OF THE CURRENCY IS OFF THE MARKET

WHATS LEFT ABSORBS THAT AMOUNT TAKEN OFF

MED AND I HAVE BEEN LOOKING FOR THIS ABOUT A YEAR

THE PROB WAS THEY SIAD THEY WERE GOING TO DO THIS

BUT THERE WAS NO WAY TO TELL IF THEY WERE DOING IT OR NOT

UNTILL THEY CAME OUT AND SAID IT WAS ALL DONE

Lady of the Lake says to (14:20:02):

WHY would they tell?

Breitling says to (14:20:04):

I REMEMBER LAST YEAR MED GOING OVER THIS

SO THE BIG ISSUE NOW IS WHEN WILL THE RATE REFLECT THE REAL VALUE

BECAUSE THE DINAR IS WORTH ALLOT MORE THEN WHAT THE RATE SAYS IT IS RIGHT NOW

THAT ALL BY ITSELF SHOULD MAKE YOU HAPPY

Lady of the Lake says to (14:22:57):

now, WHY would they tell, 70% is off the market? wouldn’t that signal … RV?

Breitling says to (14:23:00):

SO SOONER OR LATER THEY WILL COME OUT WITH IT

agle1 says to (14:23:13):

B and along w that, the value can be afforded higher due to less out there…hope that make sense

Breitling says to (14:23:30):

THE MAIN PROBLEM IS THE NOTES OUT ON THE MARKET ARE TO BIG

SO THEY ARE NOT USED

THEY NEED THE FILLS AND THEN THEY WILL TAKE THE BANK NOTES OFF THE MARKET

THIS WILL DRIVE THE VALUE EVEN HIGER

NO ALLOT OF JUSTIFICATION FOR THE RATES GG AND OTHERS HAVE BEEN TALKING ABOUT

I MEAN SO

FROM MY GUYS THE RATE STILL AT .86

BUT THEY HAVE BEEN INFORMED OF THEY WANT IT ALLOT HIGER

Lady of the Lake says to (14:25:58):

they, meaning the Iraqi Gov?

Breitling says to (14:26:02):

UP TO 2.60 ISH

TO LOW AND THEY WILL HAVE TO REALLY DEPEND ON THE MARKETS AND THIS IS NOT A GOOD TIME TO DO THIS

GreenEyes says to (14:26:58):

B, any chance they are trying to take even more out of circulation to justify an even higher rate if that is what they want and th eIMF won’t give them yet?

Lady of the Lake says to (14:27:10):

GOI wants it higher? or the CBI?

Breitling says to (14:27:10):

THE REASON THE GAS PRICES HAVE NOT GONE UP LIKE PROJECTED , NO ONE HAS 5 BUCKS TO GO DOWN AND PUT GAS IN THE CAR

zeke5000 says to (14:27:17):

The IMF is telling us what the rate should be. In Article IV from Match 2010

Breitling says to (14:27:26):

GREENEYES NO

THE ONLY WAY THEY CAN TAKE ANY MORE OFF THE MARKET IS TO RV

ALSO CANT LOWER THE INTREST ANYMORE UNTILL RV

FROM WHAT MED TOLD ME

SO IF WE PLAY THE NUMBERS GAME THE VALUE OF THE DINAR IS FANTASTIC

ON THE POLITICAL FRONT SLOW YES I KNOW

BUT IN THE END THEY ARE GOING TO GET THIS DONE

OUR GOLDEN TICKET HAS ALWAYS BEEN THE IMF

STILL IS

CHINA , USA , ENGLAND, FRANCE ALL ARE ON IRAQS BEHIND TO RV

THE RV HAS BEEN PUT OFF TWICE NOW

SO THEY WILL DO IT SOONER OR LATER

ANY?

Lady of the Lake says to (14:32:42):

yes, WHO wants it higher… GOI, or CBI ? or?

Breitling says to (14:32:55):

ALL OF ABOVE

gigi3 says to (14:33:16):

IMF also?

Breitling says to (14:33:22):

THEY DO NOW

Lady of the Lake says to (14:33:26):

ok, thank you… and so WHO might want it lower or at .83

Breitling says to (14:33:30):

BEFORE THEY WANTED IT ABOUT A BUCK

irishbrian says to (14:33:39):

Is there any particular catalyst they are waiting on like the GOI formation?

sonic2_a says to (14:33:41):

are we 100% sure they have actually removed the 70% ?

Breitling says to (14:33:47):

BUT NOW THEY NEED TO CASH AFTER BACKING THE EURO WITH A TRILLION

tew23 says to (14:33:51):

do you agree the isx is going intl in Oct and banking reform last meeting is scheduled oct 31 so are we looking oct nov. for rv?

telestar says to (14:35:57):

Breitling, do you think Kuwait has any influence to get it into the mid $3s to support investments in Iraq (instead of payments to Kuwait) and also not have a competitive advantage (labor costs) over Kuwait?

Breitling says to (14:36:28):

NO KUWAIT ONLY HAS GETTING OUT OF CHPATER 7

THAT’S IT

TEW WHAT WAS YOUR ?

tew23 says to (14:38:39):

isx going intl in oct and banking reform last meeting is oct 31 so are we looking oct or nov for rv?

Breitling says to (14:39:15):

TEW THE WINDOW AS OF NOW JULY TO END OF AUGUST

guardian says to (14:39:18):

rate should be par with oil and the countries around iraq is what a news article stated, i.e. 1 KWD = $3.43 USD

mailman17 says to (14:39:57):

guardian…doesnt apply to iraq

chargerroy says to (14:39:59):

breiting will the dfi fund being released affect any part of the rv as they will have new funds available to them?

Breitling says to (14:40:08):

SAUDI IS NEXT TO IRAQ AND HAS MORE OIL THEN KUWAIT IT IS NOT EVEN CLOSE TO THAT NUMBER

SO I DONT KNOW HOW YOUR GETTING THAT

guardian says to (14:40:29):

that’s what the article stated it wants for iraq

mailman17 says to (14:40:36):

kuwaits the only one over 3…

Breitling says to (14:40:54):

THEY GET AUDIT FROM THE IMF

AND THATS HOW THE RATES GET JUSTIFIED

NO OTHER WAY

mailman17 says to (14:41:25):

KUWAIT HAS NO BEARING…NEVER DID…THEY SHOULD BE GLAD JUST TO BE NEIGHBORS WITH THE NEW IRAQ…INSTEAD OF SADDAM

Breitling says to (14:41:34):

LAST YEAR THE GOI ASKED THE IMF IF THEY CAN RV IT AT 3.22

AND THE IMF SAID LETS BUILD A MAP TO DO SO

AND THEY GAVE IRAQ STIPS

WE HAVE BEEN FALLOWING EVER SINCE

BUT 3.22 DOES NOT MEAN THEY WILL RV AT THAT

guardian says to (14:42:47):

the higher their money the higher the money they get in return imo

Breitling says to (14:43:06):

THAT IS THE END RESULT

AND WILL PROB RV A LITTLE LOWER AND AS OIL PRODUCTION GETS HIGER THE PRICE WILL RELFLECT

UNTILL IT GETS TO 3.22

SO MANY WAYS TO GET TO THAT

NO IF THEY GO TO HIGH THE CAN BLOW IT OUT AND IT WILL HURT THEM

CAUSE INFLATION

farmergirl says to (14:44:50):

Is it wise just to cash part of it now and wait to see if it rises?

mailman17 says to (14:44:50):

HYPERINFLATION

Breitling says to (14:44:54):

THIS IS WHAT THE IMF IS TRYING TO STOP

I AINT WAITING FOR NOTHING I AM JUST GOING TO CASH IN

UNLESS THEY COME IN AT A SUCKER RATE LIKE .10 OR SOMETHING

bryant1953 says to (14:46:20):

didn’t med say that the sucker rate is off the table?

Breitling says to (14:46:27):

AS OF NOW YES

chargerroy says to (14:46:45):

breitling will the dfi fund being released affect the rv as they will have these funds available to them?

Breitling says to (14:46:47):

BUT WHO KNOWS THEY CAN DO ANYTHING THEY WANT

CHARGERRY THEY WILL RV WITH OR WITH OUT THE DFI

NO MATTER WHAT

TO GET OUT OF DFI THEY MUST PAY KUWAIT BACK

IT IS UP TO THEM

OK ALL I AM HEADING OUT TO LUNCH

THANKS AND SEE YOU ALL SOON

OH

AND STAY GOLDEN

LOL LATER

mailman17 says to (15:19:09):

YES GOP…LOTS…THE DFI PLAYS NO PART…BUT

BUT

PROTECTION OF THEIR ASSETS…ESPECIALLY THE FROZEN FUNDS RELEASED…JUST MAY

FOOD FOR THOUGHT

AND THEIR FROZEN ASSETS ARE ESTIMATED AT?

AT?

at?

AT?

GOP says to (15:20:35):

Wow! Are you saying the fozen funds were released?? I missed that if they were… A lot!!!

mailman17 says to (15:20:46):

NOPE…NOT TILL SANCTIONS

COME ON PEEPS…GIME A VALUE

ESTIMATED OF COURSE

alphonse43 says to (15:21:21):

trillions

mailman17 says to (15:21:26):

CLOSE

GOP says to (15:21:28):

That’s what I thought.. I was just thinking I might have really missed something.. I use to know that number… Billions I think

mailman17 says to (15:21:44):

THINK WAY HIGHER GOP

750 BIL TO 1 TRIL

THATS U.S.D AND THAT GOES INTO WHAT?

COME ON?

THEIR OWN FOREIGN CURRENCY RESERVE

AND THEIR FOREIGN CURRENCY RESERVE BACKS WHAT?

THE DINAR

BAM

ELVIS HAS LEFT THE BUILDING

[automag]

Hey SuperflyJR thanks for the posting and your hard work...............drox and Lgraham thats what I couldn't remember on the thread. The frozen assets and if MM17 is correct thats a whole lot.

[DaveH]

Thanks for the post.

I can't listen to someone that thinks "ALLOT" is a word. Funny thing is another one of the so called experts uses the same non word a lot. I just can't remember which one.

[keepmwlknfny]

Thanks for the post.

I can't listen to someone that thinks "ALLOT" is a word. Funny thing is another one of the so called experts uses the same non word a lot. I just can't remember which one.

Is this an english class? Are we all getting a grade on our grammar in order to be understood?? Hahaha you know what he was saying though dont you?? Ok....thats what I thought......