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Med's Chat on 9/07/11 @ 6:57 PM CST


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Med's Chat on 9/07/11 @ 6:57 PM CST

09/07/2011 Med says to (18:57:04):

NEWS NEWS NEWS NEWS NEWS NEWS

BREAKING NEWSBREAKING NEWSBREAKING

Med says to (18:58:39):

TODAY.....9/7/2011.....BRITISH NEWS CNTV REPORTS THAT IRAQ HAS AGREED TO REVALUE THEIR CURRENCY.....REPORTS THE CENTRAL BANK OF IRAQ

I WATCHED IT MYSELF

foamgod says to (18:59:13):

they said in 2 to 3 years

Med says to (18:59:20):

NO THEY SAID TWO

'AND IT SAID THAT TO IMPLEMENT

AS IN HOW LONG IT WILL TAKE TO GET THE 30 TRILLION BACK

ALSO CBI SAID IT WOULD TAKE THAT LONG FOR THE PEOPLE OF IRAQ TO BELIEVE IN THE NEWDINAR

AND TO USE IT OVER THE USD

YOU GOT TO PAY ATTENTION

OTHERWISE YOU MISS IT

NOW DID YOU EXPECT THIS NEWS GUY

TO EXPLAIN ALL WHAT I CAN EXPLAIN IN LIKE 30 SECONDS

IMPOSSIBLE

AND HE ONLY GOT A DOC OF WHAT TO SAY

SO NOW WE DONT BELIEVE THEY AGREED TO REVALUE

OK FINE WITH ME

I GOT FAMILY COMING OVER GANG

sierra12 says to (19:02:31):

I think it is great news!!

supermotomike says to (19:02:47):

Thank You Medic! Right on!!!!!1

audioboy says to (19:02:53):

thanks Med

Newlife says to (19:03:10):

Thanks for the explanation

yoyomama says to (19:03:14):

thanks med.

Munizd02 says to (19:03:21):

im not sure how to take this news?

Newlife says to (19:03:32):

Makes it clear now

jesse888 says to (19:03:33):

ty much

scott9868 says to (19:03:46):

great news med

lakecrest says to (19:03:48):

Awesome news!!! So excited.

Newlife says to (19:04:12):

WEEEEEEEEEE

Med says to (19:04:23):

OH ONE THING

YES HE SAID TWO YEARS

BUT DID HE FORGETTO SAY THAT IRAQS GOAL IN TWO YEARS WAS NOT 1 TO 1

IT WAS 1 DINAR = 3.22 USD

THAT IS IRAQS GOAL'

Newlife says to (19:05:32):

That is what I thought

audioboy says to (19:05:44):

1 to 1 is MY goal!

Med says to (19:05:49):

IT IS IN THE FORUMS

Newlife says to (19:05:50):

I was not sure though

Med says to (19:06:11):

AND WAS DISCUSSED IN THE APRIL 2009 PARLIAMENT SESSION

THAT IRAQ WANTED TO RETURN TO 3.22 IN A TIMELY MANNER

foamgod says to (19:06:52):

can't get soon enough for me

Med says to (19:07:00):

WE CANT PASS OFF SOMETHING BECAUSE WE THINK SOME PART OF IT MIGHT SUCK

IT DIDNT

IT WAS ALL GOOD

AND NO WORRIES

supermotomike says to (19:07:19):

Med,THANK YOU for all of your help!

Med says to (19:07:23):

NP

OK I REALLY HAVE TO GO

Newlife says to (19:07:33):

Thanks again

glk says to (19:07:33):

We always knew that, start out at $1 and after the oil gets flowing back up to $3, Yes, great NEWS !

dj51 says to (19:07:34):

Thanks Med!!!!!!!

jesse888 says to (19:07:39):

(})

scott9868 says to (19:07:42):

thanks med, sounds great to me

glk says to (19:07:42):

Thanks Med !

38cabo says to (19:07:43):

how was fishing

Med says to (19:07:45):

SONS FUTURE INLAWS ARE COMING OVER

lakecrest says to (19:07:52):

We love you, Med!!!

sierra12 says to (19:07:53):

No worries for me,just Thanks

Med says to (19:07:57):

I REALLY DIDNT FISH MUCH

foamgod says to (19:08:00):

didn't pass it off, thought it just to decieve investors

Med says to (19:08:02):

I JUST RODE ALL OVER

Dinar$BuyersAunt says to (19:08:10):

Med....thank you and enjoy your evening.

scott9868 says to (19:08:16):

have fun med

Med says to (19:08:16):

BUGT THE MAIN THING FG

rowboat says to (19:08:18):

38cabo says to (19:08:21):

so you didnt catch much

Med says to (19:08:24):

WAS THEY AGREED TODAY TO RV

NOTHING

Ranjoesgirl says to (19:08:39):

awesome news Med! Thanks!!

Med says to (19:08:41):

AT ALL CABO

38cabo says to (19:08:45):

i like they agreeed

38cabo says to (19:08:50):

lol

Med says to (19:08:51):

YES THAT IS MAJOR

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If this is true, didn't Adam say that if they anounce one thing the rest would happen in seven days. I hope this is the case. Wow, i'm ready for this stage of the investment to be over. Have a good day all.

You and me both fastarnie!!!!! :D:D:D Gooooooooooo Rvvvvvvvvvvvv

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Forgive me but does'nt this imply they will not RV for 2 more years? Am I just misunderstanding here?

No, he implies that there may be adjustments up to two years. And in another article by Bondlady she states that it will take around 2 years to bring in the big bills (the 000 notes). This is good news... not a lop! wink.gif

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Forgive me but does'nt this imply they will not RV for 2 more years? Am I just misunderstanding here?

imo they cant wait another 2 years.......inflation will eat them alive........and the people will start beheading the GOI.........be patient this ride is coming to an end......soon.......GO DINAR

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It is implying that in two years they want the value to be near or at the old rate of 1 IQD = $3.22 US . This also means that they will rv soon to allow a gradual increase to reach that level , thus minimizing the affects of revaluing on the economy. That's what I gather from the article. :)

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This is the real ink and in the first 8 seconds the man says 2 to 3 years

http://english.cntv.cn/program/newsupdate/20110907/111479.shtml

Medic pumps thats what he does and I no longer harbor ill feelings to the pumpers because without them we wouldnt be a large powerful group and in a sense the Iraqi's can't take an easy way out by lopping.

If they do, they will lose billions covering us cashing out.

niice...

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imo they cant wait another 2 years.......inflation will eat them alive........and the people will start beheading the GOI.........be patient this ride is coming to an end......soon.......GO DINAR

The people will be happy because as the inflation increases so will the Iraqi's revalue the currency again and they can do that again...

'

The central bank can remove currency from the economy through open market operations such as bonds sales, currency auctions. This allows the value of the dinar to increase in value and keep inflation in check. As far as I'm concerned they can do this all the way up to $3.22 so long as we get to keep those zeros.

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