digital11 Posted January 27, 2010 Report Share Posted January 27, 2010 7:33 PM [sonny1] ok as we know over the last 3 weeks the news has dropping hints of a rv7:35 PM [sonny1] like the article that said we are waiting for a new exchange rate before we approve the budget, and the jan 31st article, and the we were going to change the exchange rate, but civil unrest, and political unrest caused a halt7:35 PM [sonny1] now as we know the exchange rate is done7:36 PM [sonny1] how they did it i have no clue, i am surprised, very surprised7:37 PM [sonny1] the erm will be implemented so when iraq does rv and it should be soon now ( i hate saying that) they wont take a huge exchange rate hit with all the dinar coming back to them7:38 PM [sonny1] there budget is roughly 80 billion u.s, if they didnt put the erm in place there exchange rate if a dollar lets say, could drop 50 cents with huge dinar exchanged7:39 PM [sonny1] and there budget would be screwed, and they would be way short7:40 PM [sonny1] my guys did the math with there budget, and all the infrastructure work they have planned the rate should be around 1.50-1.60, or the euro7:41 PM [sonny1] now for the chapter 7 guys, i agree 7 is huge for them to get out of, but there is no chance of them getting out, without rv'ing first, they arent get out of 7 at 11707:42 PM [sonny1] u.n wont give them 150 billion in cash and assets back at 1170, it defeats the purpose7:44 PM [sonny1] they have been meeting with the u.n now for the last 3 days, my guess is that they needed the u.n approval on the rate, and they needed to know if that rate will help them get out of 7, and by the budget passing tells me they all are on the same page7:45 PM [sonny1] and its odd that its coming together 6 weeks before the elections, think maliki is a dummy, think again when this goes down, he will be a hero7:46 PM [sonny1] i hate saying this, cause in the past it hasnt happened, but the numbers are adding up, we are within a few days to two weeks of cashing in.7:47 PM [sonny1] imo7:47 PM [sonny1] in my mind, i could get the call anytime, and it wouldnt surprise me in the least7:47 PM [sonny1] done Link to comment Share on other sites More sharing options...
sonny1 Posted January 27, 2010 Report Share Posted January 27, 2010 7:33 PM [sonny1] ok as we know over the last 3 weeks the news has dropping hints of a rv7:35 PM [sonny1] like the article that said we are waiting for a new exchange rate before we approve the budget, and the jan 31st article, and the we were going to change the exchange rate, but civil unrest, and political unrest caused a halt7:35 PM [sonny1] now as we know the exchange rate is done7:36 PM [sonny1] how they did it i have no clue, i am surprised, very surprised7:37 PM [sonny1] the erm will be implemented so when iraq does rv and it should be soon now ( i hate saying that) they wont take a huge exchange rate hit with all the dinar coming back to them7:38 PM [sonny1] there budget is roughly 80 billion u.s, if they didnt put the erm in place there exchange rate if a dollar lets say, could drop 50 cents with huge dinar exchanged7:39 PM [sonny1] and there budget would be screwed, and they would be way short7:40 PM [sonny1] my guys did the math with there budget, and all the infrastructure work they have planned the rate should be around 1.50-1.60, or the euro7:41 PM [sonny1] now for the chapter 7 guys, i agree 7 is huge for them to get out of, but there is no chance of them getting out, without rv'ing first, they arent get out of 7 at 11707:42 PM [sonny1] u.n wont give them 150 billion in cash and assets back at 1170, it defeats the purpose7:44 PM [sonny1] they have been meeting with the u.n now for the last 3 days, my guess is that they needed the u.n approval on the rate, and they needed to know if that rate will help them get out of 7, and by the budget passing tells me they all are on the same page7:45 PM [sonny1] and its odd that its coming together 6 weeks before the elections, think maliki is a dummy, think again when this goes down, he will be a hero7:46 PM [sonny1] i hate saying this, cause in the past it hasnt happened, but the numbers are adding up, we are within a few days to two weeks of cashing in.7:47 PM [sonny1] imo7:47 PM [sonny1] in my mind, i could get the call anytime, and it wouldnt surprise me in the least7:47 PM [sonny1] done wow i could sure use a dictionary, sorry was real tired. Link to comment Share on other sites More sharing options...
jocko129 Posted January 27, 2010 Report Share Posted January 27, 2010 Sonny1 you always been rellist Link to comment Share on other sites More sharing options...
Earnest T Bass Posted January 27, 2010 Report Share Posted January 27, 2010 I would totally disagree with your rate assesment. Look for $3+ myself. Link to comment Share on other sites More sharing options...
emnewt Posted January 27, 2010 Report Share Posted January 27, 2010 I have to agree.. i think it will be closer to 3.00 Link to comment Share on other sites More sharing options...
nmcneill Posted January 27, 2010 Report Share Posted January 27, 2010 I agree with sonny. A rate of $1.49 is more likely.. Link to comment Share on other sites More sharing options...
shannybelle27 Posted January 27, 2010 Report Share Posted January 27, 2010 Sonny I think your right on target...You are awsome :-) Link to comment Share on other sites More sharing options...
mrparrot Posted January 27, 2010 Report Share Posted January 27, 2010 I'm sticking with my initial rate estimate of between $1.85 & $2.15.High enough to be useful and low enough to reduce the risk of hyperinflation. Link to comment Share on other sites More sharing options...
bjdksl Posted January 27, 2010 Report Share Posted January 27, 2010 I sure hope that something great is about to happen, thanks for the great post! I'll take anything from one dollar to three dollar. Link to comment Share on other sites More sharing options...
NFL Posted January 27, 2010 Report Share Posted January 27, 2010 Right on mrparrot Link to comment Share on other sites More sharing options...
brokendiver5 Posted January 27, 2010 Report Share Posted January 27, 2010 I think O will announce release of chap 7 tonight in the speach. He has a huge ego also. And he needs a boost right now. Link to comment Share on other sites More sharing options...
CaptainJack Posted January 27, 2010 Report Share Posted January 27, 2010 Makes sense ... guess time will tell. Thanks Sonny1!!! Alot better than TK's secret super software story. Link to comment Share on other sites More sharing options...
skelllley Posted January 27, 2010 Report Share Posted January 27, 2010 yea what he said! Link to comment Share on other sites More sharing options...
mrref Posted January 27, 2010 Report Share Posted January 27, 2010 I don't care what it is as long as it RV's Link to comment Share on other sites More sharing options...
Adam Montana Posted January 27, 2010 Report Share Posted January 27, 2010 lol @ super secret software Link to comment Share on other sites More sharing options...
jwb Posted January 27, 2010 Report Share Posted January 27, 2010 oops, I posted this already in the wrong place :-( Sonny, I've missed something, HOW do we know they've set the rate?? Does that mean it's locked in (for now) or could it change before the RV?? THanks a lot. Link to comment Share on other sites More sharing options...
david43 Posted January 27, 2010 Report Share Posted January 27, 2010 Thanks Sonny, Your information is always good and I have a lot of respect for it...........Keep up the good work. Link to comment Share on other sites More sharing options...
charlie911 Posted February 2, 2010 Report Share Posted February 2, 2010 thanks sonny!! Link to comment Share on other sites More sharing options...
mrs.fulgham Posted February 3, 2010 Report Share Posted February 3, 2010 Great news Link to comment Share on other sites More sharing options...
shiggy Posted February 3, 2010 Report Share Posted February 3, 2010 Thanks Sonny Link to comment Share on other sites More sharing options...
zfish05 Posted February 3, 2010 Report Share Posted February 3, 2010 very good news. thank you Link to comment Share on other sites More sharing options...
zfish05 Posted February 3, 2010 Report Share Posted February 3, 2010 thanks for everything sonny Link to comment Share on other sites More sharing options...
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