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Kaperoni Email to DD: Rebuttal to Med’s Opinion About Kap’s Post #4

zantac

By zantac,
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zantac Newbie

zantac

Posted
Posted

Kaperoni’s thoughts #4 Clearing up some speculation

The thought is that they must RV there currency to pay some large US companies…That is false.

Iraq has a currency and it has limited tradability…Iraq’s National Investment law of 2006 allows the 100% repatriation of capital and profits made in Iraq, after taxes, fees, and other payments are made. So how does that work? Apparently, they have some banking arrangements with a certain number of international and regional banks. So to put an end to this myth…they do not have to rv to pay off vendors for material and equipment…the rate is 1170 to 1. Is it likely? maybe not and the current status seems to deter many companies from participation.. Only time will tell if they want to keep that rate or change it and have a truly international currency.

What does that say for the new investor missions and a shopping exhibition? Again, if this law is in place, no change in currency is needed to do business in Iraq.

What about the Chapter 7 restrictions? Clearly, those resolutions limit what Iraq can have. But it appears, they have “softened” the enforcement as many items are coming into Iraq that should not be. There has been no public announcement of lifting of chapter 7.

WTO Status. Gov officials say it could be a year or two till we see Iraq as a full WTO member again. As well, they downplay the significance of the WTO in regard to international trade stating it’s charter is sole country to country disputes and they don’t anticipate that being an issue in a developing country mostly made up of private investment. So in other words, WTO means nothing in regard to selling and importing products into Iraq.

So where are we? Quite frankly, I am at a cross roads. Many of the items we have been discussing in recent weeks seem to have no real impact on the RV. We still have the CBI’s own statements they plan to achieve this this (remove 3 zero’s) year, but we have no solid ground or supporting actives that would coincide and help move it along. To be honest, I don’t know if the rv will happen this year now. And it appears there is no one pushing it forward despite the world financial situation…it will happen at some point, and I believe that, but it now seems at it’s own pace and not by concurring actions or activities

I now say today there is no way to predict a timeframe for this event.

Read more: LINK

Apparently, Medic took offense to this post and had this rebutal…

ONE THING

I GOT A PM TONIGHT

FROM A MEMBER

HE FORWARDED

AN OPINION BY SOMEONE I NEVER HEARD OF EVER

SAYING THAT IRAQ DOES NOT HAVE TO REVALUE BECAUSE OF THE 2006 INVESTMENT LAW

THAT ALLOWS COMPANIES THAT COME INTO IRAQ

TO REPATRIATE THEIR PROFITS

HE ALSO CLAIMS BUT CAN’T JUSTIFY

THAT INTERNATIONAL BANKS ARE TRADING DINAR

OR EXCHANGING IT

THE PART ABOUT INTERNATIONAL BANKS IS NOT TRUE AT ALL

THERE ARE 70 COUNTRIES THAT DO TAKE THE DINAR

IT IS A SWAP FOR GOODS BETWEEN THESE COUNTRIES

THEY ARE ALL SMALL

INSIGNIFICANT COUNTRIES

NOT ONE MAJOR COUNTRY

OF THE G20 OR G8

TAKE THE IQD

YOU CANNOT TRANSFER IQD TO THE U.S. TO AN ACCOUNT

AND THEN REPATRIATE IT

IT IS ILLEGAL

WHY

BECAUSE THEY ARE ON OFAC

ALSO THE ISX

CANNOT TRADE INTERNATIONALLY

WHY

BECAUSE THE IQD IS NOT AN INTERNATIONAL CURRENCY

THEY CAN ONLY WHEN IT IS DEEMED TRADE-ABLE

ALSO

THE REASON THAT GOODS ARE BROUGHT INTO IRAQ

BY VENDORS

AND I EXPLAINED THIS BEFORE

THE GOI

CONTROLS ALL REVENUES

IT IS A SOCIALISTIC ECONOMY

SAME AS CHINA

OR NORTH KOREA

THEY TAKE USD

FROM OIL REVENUES

AND PAY THE VENDORS TO IMPORT GOODS

WHY IS THIS

BECAUSE ANYTHING THE GOI BRINGS IN THAT IS NOT UNDER THE DFI

CAN BE GARNISHED

THERE IS ONLY ONE COUNTRY

THAT WILL NOT ALLOW A LIEN OR GARNISHMENT TO BE ENFORCED

WHAT IS THAT COUNTRY

chloe says to (01:47:01):

usa

MED says to (01:47:05):

YES

THAT IS WHY

WHEN THEY BOUGHT THE 10 AIRPLANES FROM CANADA

WHAT HAPPENED

KUWAIT DID WHAT

cool says to (01:47:40):

sued them

chloe says to (01:47:41):

impounded them

irishbrian says to (01:47:42):

Kuwait went after them

MED says to (01:47:45):

YES

AND WHEN THE IRAQI AIRLINE LANDED IN THE UK WHAT HAPPENED

cool says to (01:48:11):

they held it

MED says to (01:48:37):

AND TOOK IT

BUT IRAQ BECAUSE OF THE IMF LOANS

AND AGREEMENT

HAVE TO CHANGE TO WHAT KIND OF ECONOMY

irishbrian says to (01:49:03):

Free market

muddy54 says to (01:49:07):

free market

cool says to (01:49:10):

yes

MED says to (01:49:10):

YES

GREAT

THAT MEANS THAT NO MORE SUBSIDIES

BY THE GOVT

THE REVENUES

NO LONGER WILL GO TO THE GOVT TO BE GIVEN TO THE VENDORS

THEY WON’T HAVE THEM

IT WILL BE UP TO THE VENDORS AND BUSINESS’S TO BRING IN GOODS ON THEIR OWN

GO ONLINE LIKE WE DO):

LET’S SAY EBAY

AND ORDER SOMETHING WITH THE DINAR

cool says to (01:50:44):

no

chloe says to (01:50:46):

no

MED says to (01:50:50):

EXACTLY

WHY IS THAT

not tradeable

EXACTLY

chloe says to (01:51:06):

not tradeable or accepted

MED says to (01:51:16):

ALSO NO MAJOR ECONOMIC POWER

IN THE WORLD DOES NOT HAVE WHAT?

irishbrian says to (01:51:41):

Tradeable currency

MED says to (01:51:44):

YES

muddy54 says to (01:51:45):

not an internationally recognized currency

MED says to (01:51:53):

CORRECT

ALSO FOR IRAQ TO ENTER THE WTO

DO THEY HAVE TO HAVE A RECOGNIZED GLOBAL CURRENCY

TO TRADE

cool says to (01:52:22):

yes

MED says to (01:52:26):

EXACTLY

NOW UNDER ARTICLE VIII OF THE IMF

DOES IRAQ NEED TO HAVE A TRADEABLE CURRENCY

cool says to (01:52:52):

yes

chloe says to (01:52:54):

yes

muddy54 says to (01:52:54):

yes they do

MED says to (01:53:19):EXACTLY

SO THIS GUY CAN KISS MY RED WHITE AND BLUE ARSS

TY

Well, Medic is wrong….And the fine work from Miskebam proved it!

I want to gloat now while i eat a big fat slice of pepperoni and mushroom pizza! :)

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zantac Newbie

zantac

Posted
  • Author
Posted (edited)

OK guys, 2 pistols, 10 paces, and on the count of 3........

Will that be Franks 1.................2.............3

If so they will be to far apart to shoot, better include some sights to aid the distance :D

Edited by zantac
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truckerron49 Newbie

truckerron49

Posted
Posted

One seems to quote the law, the other, the way things appear to be done. I guess if neither of them are in big business trying to do business with Iraq, then we still don't know which of them is correct. I don't feel that this post and subsequent rebuttal moved me forwarde in my knowledge of current events at all....... JMO B)

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Short6 Newbie

Short6

Posted
Posted

OK! give them both a Wedgy and lets carry on! I think they both have made their arguements and both seem to have some merits, Only time will reveal who is corect! So, please both continue to post! All perspectives are needed! :D The dedicated Peeper!

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pokerplayer Grand Master

pokerplayer

Posted
Posted

As sad as this sounds, it almost looks like Med wants to crush the opposition he has on the monopoly strangle hold he has on his followers. The man is Intelligent I believe,but so full of himself he honestly believes what he is saying. I occasionally read his posts and so far, and I may be wrong, he has never once been correct. I applaud the people who believe in him as who the heck am I to challenge him? I believe in Chief and bigfoot68, others believe in Med. To each his own.

JMHO, pp

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METEMARLO Newbie

METEMARLO

Posted
Posted

OK THEY GIVE YOU IRAQI MONEY THEN YOU HAVE TO SEARCH AND BARGAIN TO CHANGE TO US DOLLARS IF THEY DONT PAY YOU WITH US DOLLARS WHO HAS TIME FOR THIS BS.GIVE ME A TRADABLE CURRENCY GOOD TO THE BANK AND LETS GO FROM THERE. OR PAY ME IN GOLD YOUR CHOICE!!!!!

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waitn Newbie

waitn

Posted
Posted

question anyone eating shrooms???? There is no proof of either part there. We just have to see how this plays out in these next 2 to 3 weeks. There are a few ways for this to go down obviously, as with any investment it could easily go south for all of us. However, if Iraq seats the right people with the right intentions we will all be very rich. This is Iraq, they do not think like us westerns... that is the only FACT that we all can take to the bank.

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