ronscarpa Posted December 14, 2018 Report Share Posted December 14, 2018 (edited) 12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. 12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... 12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. 12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… 12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… Post 1 of 2] 12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO... Edited December 14, 2018 by ronscarpa 1 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted December 14, 2018 Author Report Share Posted December 14, 2018 Posted @ Midnight 12-13-2018 Intel Guru Frank26 [This is getting down right silly. International everything but the rate. Lol] WE DO NOT CARE ABOUT THE RATE...WE CARE TO SEE THE CBI SAY THEY ARE ARTICLE 8...TO ADMIT IT!!! THE INTERNATIONAL STATUS WILL TAKE CARE OF THE RATE. 2 Quote Link to comment Share on other sites More sharing options...
Linda Bower Posted December 14, 2018 Report Share Posted December 14, 2018 About Newshound guru Breitling's post . I was in Russia shortly before they lopped. We were adopting 2 little girls and had to exchange all of our cash for the adoption into Rubles. We were millionares!! We were told to be cautious about rubles that caused your hand to burn as it was probably from the Chernoble area. They loaded them off on foreighners. Shortly after we returned home we read about their lop. The population was given a very short time to exchange their old rubles for the new ones. Most of them couldn't get into the bank in time to do it, so many people lost what they had because of the lop. Seven years later we were back in Russia and this time they were trying to get away with loading the old bills off on foreighners. LOL always something! Brietling's assessment that a lop wouldn't be that bad,he should ask the Russians how they felt about it. 1 2 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted December 14, 2018 Author Report Share Posted December 14, 2018 My wife is Russian, and was a PhD Economist running the credit department for an international bank in Moscow. She said that whoever changed their Rubles into coins, and held quantities of coins at the time, ended up wealthy, because there was no change in value for the coins. Interesting. Those who had advance knowledge were able to take advantage of the system. 4 Quote Link to comment Share on other sites More sharing options...
Linda Bower Posted December 14, 2018 Report Share Posted December 14, 2018 Russia announced in August of 1997 that they would be lopping 3 zeros off their currency starting in January 1998 and would change out bills until January 2002. They also announced they would bring back kopeks (their coins) Instead they only allowed 2 weeks for changing out the currency. 2 1 Quote Link to comment Share on other sites More sharing options...
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