SFMedic 02/01/2010 Late Night Chat

[gmc]

thanks for posting k98

[sandman496]

that what i'm doing

[sandman496]

yes thanks alot

[Charlie Echo]

http://townhall.com/cartoons/

[TrishC]

thanks for the info

[randstout]

Thanks Medic

[Ranger77]

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Preach: Hello Med, the talk of it having to RV by the end of last year

SFMedic: THERE WAS ABSOLUTELY NO WAY THEY COULD

SFMedic: NOT UNTIL THEY HAD BEEN DONE WITH THE SBA PROGRAM

lazeroo: sba?

SFMedic: STAND BY AGREEMENT

SFMedic: OR ACTUALLY THE IMF STABILIZATION PROGRAM FOR DEVELOPING COUNTRIES

SFMedic: SEE UNDER THE STABILIZATION PROGRAM

SFMedic: IRAQ WAS AS YOU ALL KNOW PEGGED AGAINST THE USD

SFMedic: AND FOR ALL THE YEARS UNTIL JULY 2008

SFMedic: IRAQ WAS ONLY AUTHORIZED TO PIP 1/4 OF 1% PER MONTH

SFMedic: AGAINST THE USD

SFMedic: THEN IN JULY 08, THE IMF AUTHORIZED CBI TO INCREASE IT TO 1/2 OF 1% AGAINST THE USD

SFMedic: AT THAT TIME ALSO THE IMF TOLD CBI THEY HAD TO REDUCE THE LIQUIDITY OF THE IQD

SFMedic: AND THAT IS WHAT THEY HAVE DONE NOW FOR ALMOST 19 MONTHS SFMedic: IT SHOWS IN THE ACTUAL CASH USD TAKEN IN AT THE AUCTIONS

SFMedic: THEY USED TO TAKE IN 50 TO OVER 100 MILLION USD

SFMedic: NOW THEY SELL 0$ TO 15 MILLION

SFMedic: DEPENDING ON THE USD

lazeroo: there almost no IQD going out

SFMedic: NO THERE IS NOT

SFMedic: AND IT IS AS YOU KNOW ONLY SOLD TO IRAQI'S REGISTERED INSIDE IRAQ

lazeroo: isn't that how the sales guys get it ?

SFMedic: BECAUSE ACCORDING THE CONSTITUTION CBI IS NOT ALLOWED TO SELL OUTSIDE THE COUNTRY

SFMedic: YES BECAUSE ALSO THE CONSTITUTION STATES

SFMedic: THAT THE CURRENCY OF IRAQ BELONGS TO THE PEOPLE OF IRAQ AND THEY CAN DO WHATEVER THEY WISH WITH IT

Preach: I would have thought that with the fluctuaion in the dollar that we'd have seen pips through out last year.

SFMedic: NO THAT IS NOT WHAT CBI AS OF JAN 09 WAS THE MISSION OF CBI

SFMedic: THEIR JOB WAS TO PREPARE THE IQD FOR THE INTERNATIONAL MARKET

SFMedic: AND TO SEE WHAT WORKS IN CASE OF A MELTDOWN

SFMedic: CAN THEY KEEP IT STABLE

SFMedic: SO SHABIBI STOPPED IT AT A RATE THAT HE FELT MANAGEABLE

SFMedic: SO THEY HAVE USED A DIRTY FLOAT

SFMedic: IT IS SEMI PEGGED AGAINST THE USD

SFMedic: AND THEN CONTROLLED FROM GOING UP OR DOWN BY THE DIRTY PEG

SFMedic: THE DIRTY PEG IS CBI ONLY AUCTIONING OFF ENOUGH TO KEEP THE RATE STABLE AT 1170

SFMedic: AT THE SAME TIME GETTING FOREIGN CURRENCY ASSETS INTO CBI

SFMedic: THIS IS DONE BY TRANSFERING OUT USD TO OTHER COUNTRIES FOR USD

SFMedic: THE PROBLEM WITH A DIRTY FLOAT

SFMedic: IS IT IS EXPENSIVE

SFMedic: AND CBI LOSES MONEY AT EVERY AUCTION

SFMedic: SO ALL THEY HYPE ABOUT 195 MIL IS JUST THAT

SFMedic: HYPE

onephatride: so your saying that they cannot keep this dirty float up for much longer?

SFMedic: IT MEANS ZIP

SFMedic: AND IS NOT BUILDING UP ANYTHING EXCEPT FOREIGN CURRENCY ASSETS FOR CBI SFMedic: THEY SOLD USD

SFMedic: OR SWAPPED

SFMedic: SEE YOU DO NOT WANT JUST ONE CURRENCY IN YOUR CURRENCY ASSETS

SFMedic: YOU WANT MANY COUNTRIES

SFMedic: JUST AS US

SFMedic: WE NEED TO BUILD UP OUR FOREIGN CURRENCY ASSETS

SFMedic: BECAUSE WE PRINTED WAY TOO MUCH MONEY

SFMedic: AND ARE ONLY COVERED BY THE FULL FAITH AND CREDIT OF THE US GOVT

SFMedic: SEE EVEN WHEN ALL THAT IQD RV'S

SFMedic: WE CAN'T KEEP IT TO COVER THE USD

SFMedic: BECAUSE TOO MUCH OF ONE CURRENCY IS NOT GOOD SFMedic: IF THE IQD WERE TO PLUMMET

SFMedic: SO WOULD THE VALUE OF THE USD

SFMedic: SO YOU SWAP IT OUT TO OTHER NATIONS FOR THEIR CURRENCY AND KEEP A %

rkpdwp: may I ask a ?

SFMedic: SURE

lazeroo: don't ya think med that buy now the other country's have worked deals to hold there iqd for oil contractes

SFMedic: ACTUALLY NO I DON'T

lazeroo: really ?

SFMedic: NO WHY

SFMedic: IT IS NOT TRADEABLE SO WHY WOULD IT BENEFIT

lazeroo: who do ya think is holding out

SFMedic: THE ONLY ONE WHO MIGHT HAVE WAS CHINA

SFMedic: BUT NOW LOOK AT CHINA

SFMedic: LIKE TWO MONTHS AGO CHINA SAID THEY FORGAVE 80% OF THE DEBT

SFMedic: NOW WHAT HAPPENED TO THAT

SFMedic: NOW THEY ARE SAYING THEY ARE CONSIDERING IT.

lazeroo: well i think they lied

SFMedic: SO JUST WHAT IS THE GAME HERE

rkpdwp: I have been at this for about 5 years,and I have heard many time that they cannot rv because Iraq has trillions of dinar out side Iraq

SFMedic: RKPDWP, UMMM THAT IS TOTAL BS

SFMedic: OK THEN THINK OF THIS

SFMedic: IF THEY CAN'T RV BECAUSE OF TOO MUCH IQD IN CIRCULATON

SFMedic: CIRCULATION

SFMedic: SO BECAUSE OF THAT, THEY WILL NEVER HAVE A TRADEABLE CURRENCY

SFMedic: AND IF THEY NEVER HAVE A TRADEABLE CURRENCY

SFMedic: JUST HOW WILL THEY PAY FOR EVERYTHING THEY HAVE TO IMPORT INTO IRAQ

SFMedic: THEY CANNOT MAKE STEEL, GLASS,, WOOD

hawkdown: hasent iraq traded idq to other countries for diffrent payments SFMedic: YES THEY HAVE

SFMedic: AND MANY OF THOSE COUNTRIES HAVE PROMISED AS WE DID

SFMedic: TO SIT ON IT AND WHEN IT DOES RV IT WILL SENT IN AT INTERVALS

SFMedic: SO THEY CAN ABSORB IT

lazeroo: well the # is 32 trillion iqd they have supposedly printed

SFMedic: THAT IS VERY POSSIBLE LAZEROO

SFMedic: REMEMBER MUCH OF THE IQD DEBT THOUGH IS NOT HARD CURRENCY

SFMedic: IT IS TBILLS AND CBI BILLS

SFMedic: AND WHAT WAS SUPENDED FOR 6 MONTHS

SFMedic: ANYONE?

lazeroo: t bills

SFMedic: AND

SFMedic: TBILLS MATURE AT 365 DAYS

SFMedic: AND CBI AT 180 DAYS

SFMedic: THE ONLY THING THEY SUSPENDED WAS TBILLS AND CBI BILLS

SFMedic: NOW THE STANCE I TOOK ON THE IMF HAS NOT CHANGED ONE BIT

SFMedic: AND IF YOU SEE HOW CHANGES ARE BEING MADE BY MALIKI IT IS COMING TO FRUITION

SFMedic: THE IMF HAS NOT CHANGED IT'S POSITION WITH IRAQ ON WHAT THEY NEED TO DO OR WHAT THEY HAVE PUT AS STIPULATIONS FOR THE SOFT LOAN

SFMedic: ONE THAT HAS ALREADY COME TO FRUITION IS THE REDUCTION OF GOVT SALARIES

SFMedic: MALIKI AT FIRST SAID NO

SFMedic: BUT AS WE HAVE FOUND OUT, THEY CAN'T DO SQUAT ON THEIR OWN

lazeroo: he was making 330 million daollars a year

more below

I see medic is still coming up for excuses on why it did not rv.. hahahahah what a knucklehead. Are his peeps still following him? Drink the koolaide!

[zoomzoom]

Why wouldn'd anyIraqi want an tv? It does not make any sense not to.

[iceman0523]

First off thanks K98 for keeping up the forum.

I simply always figured that Malaki would use the RV to his advantage for election purposes.

[chonoski]

I admit that every time the posts seem to point to an RV more information comes in that clouds the picture - sure is a roller coaster.

chonoski

[bowling4dinars]

to long for me to read. thanks for the post.... I think

[dinardreamer]

very very interesting!!

[gman51]

It is nice to see everyone playing nice.

[rabbit twister]

always interesting

[dinarag]

Very logical explanation of where it stands.

[JerryC]

Medic thinks we're close but who really knows. Good intel so i hope we all benefit from this soon

[Danyel]

good post ... come on rv we need it ....

[michaelc]

here is number 29

[Wildcat1]

GreAt read

[tempster]

Good info medic. Thanks

[teambigdawg]

Thanks for the knowlwedge

[nellie]

Ok folks, trying not to spoil anything here, as of now today, medic, sonny1, Adam etc has every one on alert here by the 7th and have left the gate open as far as the 15th Feb, now all of the sudden and maybe it's just me, but reading between the lines, now if this doesn't happen here, I can see what's coming with in medics post. Now with this being said, my take on this is, now medics info is saying CH7 and HCL maybe another six months out, here we go again folks OMG

[elecmechanical]

medic????????????????????? jum

[Shayla]

Lots of good info in this one

[moonshinemomma]

any info is better than none