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Meds chat 11/28/11

TonyDownTheShore

By TonyDownTheShore,
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TonyDownTheShore Newbie

TonyDownTheShore

Posted
Posted

Med chat 11-28-2011 Post by Glk Dinar Speculator 11/28/2011

Med says to (15:39:07): STLOU YOU ARE EXACTLY RIGHT

THE MAIN ISSUE WAS NOT CHAPTER VII ITSELF

BUT FILES AND RESOLUTIONS THAT FOLLOWED

WITH WAS CLOSE TO ONE HUNDRED

IT WAS UNDER BUT CLOSE

THE MAIN THING THAT WOULD HAVE KEPT THEM FROM A TRADEABLE CURRENCY

WAS THEM NOT BEING ABLE TO TRADE FREELY

AND THE DFI

THE RESOLUTION ON TRADE WAS ABOLISHED

AND AS WE KNOW SO WAS THE DFI

ASSETS WERE THEN UNFROZEN

airplanesmoke says to (15:47:54):

Med, I have been out of town doing some training for the airlines...have been trying to keep up with the latest intel...but all of the sites that I have monitored keep saying this week, mon, tue if not fri...argghhhhh! Can you provide a one sentence summary of where you think we are...sorry if you have already addressed this, I just signed on.

Med says to (15:48:28): IT IS NOT MON TUES OR FRI

...

Read More Link on Right

airplanesmoke says to (15:49:09): Good...that clears it all up...lol

jonmac says to (15:49:31): All Right!!! That means its either Wednesday or Thursday!!! Yippee!

Med says to (15:49:34): ANYONE ON HERE COULD HAVE TOLD YOU WHAT WE ARE WAITING 4

Ranjoesgirl says to (15:49:45): Vote from Parliament

ceric says to (15:49:47): just stay here and you won't go wrong

Med says to (15:49:50): ANYONE WHAT IS NEXT

TheOneArmedMan says to (15:50:01): vote

Med says to (15:50:02): WHAT ARE WE WAITING FOR

YES TY

TXCPA says to (15:50:09): Final passage of the approval to print more money

Ranjoesgirl says to (15:50:12): Vote from Pariliament on a THursday

Med says to (15:50:25): THE VOTE BY PARLIAMENT FOR THE DRAFT TO PRINT

THIS LEGITIMIZES THE RV THRU OUT THE ENTIRE GOVT

NOT JUST CBI

jonmac says to (15:50:49): great word...legitimizes

airplanesmoke says to (15:51:00): Your site is the only sane site on the web...

any guestimated time line?

Med says to (15:51:08): I BEEN SAVING IT

YOU ONLY ASKED WHAT WE ARE WAITING FOR

THAT WAS THE CAKE YOU CANT EAT IT TOO

TXCPA says to (15:51:59): Funny, I don't feel sane.

jonmac says to (15:52:12): the site is sane, TX, not the people on it!

Med says to (15:52:23): THE VOTE IS TO BE ON A THURSDAY

TXCPA says to (15:52:26): Oh, good. I was worried for a moment

Med says to (15:52:30): WE KNOW THAT AS A FACT

THERE WERE 30 PERTINENT DRAFTS READY FOR VOTE

I WOULD SAY WITHIN 3 WKS THE VOTE WILL HAPPEN

airplanesmoke says to (15:53:32): Before end of year?

Med says to (15:53:48): HOW MANY WEEKS TO END OF YEAR

airplanesmoke says to (15:54:01): Duhhh...let me see....lol

jonmac says to (15:54:05): 12?

TXCPA says to (15:54:13): 5

airplanesmoke says to (15:54:15): Four!

Ranjoesgirl says to (15:54:18): 5 more weeks

hagood1 says to (15:54:19): 4

Med says to (15:54:19): TY TXCPA 5

jonmac says to (15:54:24): leave it to an accountatn.

Med says to (15:54:28): SO IF I SAID 3

airplanesmoke says to (15:54:32): You can't count Christmas....

Med says to (15:54:42): IS THAT BEFORE END OF YEAR

WHY NOT

jonmac says to (15:54:46): Aint no Christmas in Iraq

Med says to (15:54:58): NO LMBO THERE ISNT

HMMMMM WHY

airplanesmoke says to (15:55:12): No, but I am off that week....lol

jonmac says to (15:55:14): maybe in Kurdistan

TCAZ says to (15:34:02): ok but you posted about kuwait gov resigning?

stlou says to (15:34:17): ahh..that.. in my opinion..no

it will have no effect at all unless..

Kuwait's parliament has had any pull with the UN regarding the chapter 7 status..

which in my opinion they don't

Iraq's exodus from ch 7 will be largely dependent on whether they (Iraq) can satisfy the terms of the UN..

stlthe Security Council has a large pull in these matters, and Kuwait is not on the security council

but, as Med said time and time again...

they do not have to be removed from ch 7 in order to rv..

Med says to (16:17:02): OK BACK

I FOUND TWO ISSUES THAT ARE GOING TO CAUSE A SIGNIFICANT RISE IN INFLATION

AND ALSO UNREST IN THE IRAQI STREETS FIRST

THEY ARE EXPECTING A SIGNIFICANT INCREASE IS FOOD PRICES

THIS ALONE WILL KICK INFLATION UP SIGNIFICANTLY

SINCE THAT MEANS AGAIN THE PURCHASING POWER

DECLINES

NOW YOU PROBABLY ARE WONDERING WHY PRICES ARE HIGH IN IRAQ

I AM NOT SURE THEY REALLY ARE COMPARED TO THE U.S.

YOU MAY HAVE SOME HIGHER BUT IT IS SUPPLY AND DEMAND

YOU DEMAND WE SUPPLY AND YOU PAY WHAT WE ASK

AND ALSO THERE IS THE PPP THAT SPECIFIES

IF A HAMBURGER IN THE U.S. AT MCDONALDS IS 1 BUCK

THEN THE EQUIVALENT IN DINAR HAS TO BE PAID IN IRAQ

SO THEY DONT GET ANY BREAK CUZ THE DINAR IS WEAK

NEXT ISSUE UNEMPLOYMENT

ANOTHER KEY FACTOR IN FIGURING INFLATION

THEY EXPECT A HUGE LEAP WHEN THE US PULLS OUT

SINCE WE EMPLOY THOUSANDS

SO IRAQ IS LOOKING DOWN THE BARREL OF IT HITTING 10%

OK THAT IS ALL I HAVE FOR NOW GONNA GO CRASH

LATER ALL MED OUT

jon says to (16:24:45): thanks Med

TXCPA says to (16:24:53): But all of this should benefit us

as it should force Shabibi to go ahead and RV.

thepainman says to (16:25:01): just popped in, thanks med thats good stuff right there

Med says to (16:25:03): YW JON

OF COURSE TXCPA TY PM OK BYE GANG

moose says to (16:25:19): just got in; thanks for this info med. take care

TXCPA says to (16:25:22): thanks Med

awwwsomegod says to (16:25:30): III dont say much, but thansk Med

Med says to (16:25:39): OH THAT IS NOT MY OPINION

IT IS IN THE FORUM RIGHT NOW SO IT IS BACK BY FACT

tudor says to (16:25:58): thanks Med

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TonyDownTheShore Newbie

TonyDownTheShore

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I don't believe that food prices are one of the indicators they use for inflation, but I could be wrong. We don't in the U.S., unless it's a commodity.

Not sure how more Iraqis being unemployed due to troop withdrawal adds to inflation either.

I think most of their food comes from outside the country, that's why it maybe a factor.

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Shick Newbie

Shick

Posted
Posted

THERE'S STILL A LOT OF PEOPLE IN IRAQ, AND WE ALL KNOW THAT IT'S PRIMARILLY DESERT, NOTHING GOOD CAN GROW THERE, SO THE FRUIT AND VEGGIES WILL HAVE TO COME FROM ABROAD, WHICH IN TURN WILL SPRUCE UP THE ECONOMY BECAUSE HUMANS HAS TO EAT. GO RV! ;)

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jg1 Mentor

jg1

Posted
Posted

I think most of their food comes from outside the country, that's why it maybe a factor.

I wonder what the going work wage is over in Iraq.

I had a Iranian family over for thanksgiving and we talked about inflation over in Iran. Over 10,000 iran dinar to the dollar. They said they lived comfortable in Iran, but if they were to buy anything imported to the country, that is when it was very expensive. The husband was a supervisor of about 40 people in a oil company newspaper which payed I figured about 4 dollars a day, they got payed 1 time a month. Even though he said it was easy work, 8-10 hours a day, but only really worked for 3 of them. He said its been a real struggle, spending most of his savings. He was glad to get out because he said in school they were teaching his kid to hate Americans and that their president was crazy.

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TonyDownTheShore Newbie

TonyDownTheShore

Posted
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THERE'S STILL A LOT OF PEOPLE IN IRAQ, AND WE ALL KNOW THAT IT'S PRIMARILLY DESERT, NOTHING GOOD CAN GROW THERE, SO THE FRUIT AND VEGGIES WILL HAVE TO COME FROM ABROAD, WHICH IN TURN WILL SPRUCE UP THE ECONOMY BECAUSE HUMANS HAS TO EAT. GO RV! ;)

Iraq has fertile lands, the problem is they have no farmers, they need to educate and teach people how to farm and bring seeds from abroad to start to produce.

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Carrello Rising Star

Carrello

Posted
Posted

THERE'S STILL A LOT OF PEOPLE IN IRAQ, AND WE ALL KNOW THAT IT'S PRIMARILLY DESERT, NOTHING GOOD CAN GROW THERE, SO THE FRUIT AND VEGGIES WILL HAVE TO COME FROM ABROAD, WHICH IN TURN WILL SPRUCE UP THE ECONOMY BECAUSE HUMANS HAS TO EAT. GO RV! ;)

Iraq has been known as the bread basket of the Middle East. They have always grown fruit and vegetables because of the fertile ground around the Euphrates River, and obviously, the water. The wetlands that were destroyed need to be restored and the farmers need to get loans to start farms. An article came out a few days ago that talked of a program implemented so that 75% of the wheat would be grown in Iraq.

I am not sure how importing food will "spruce up the economy" ? For one thing, it increases inflation.

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ssmith Newbie

ssmith

Posted
Posted

I'm sure the troops leaving , has a big impact on the economy as well... I'm sure the troops bring money to the area, just like tourist season at the beach, or Disney world.. So that's got to contribute... Shabibi is one of the top 4 economist in the world, he knows what he's doing & he is holding all iraq's cards close to his chest. I really believe we are getting a lot of smoke & mirrors , so there's not a run on their currency. We are close to the end one way or another..

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