Shabibi (the news):

[randalln]

All the liquidity is walking and driving out the front gate as we speak........

And moving to Kuwait .....hahahahaha

With the withdrawal of our troops .........the money is withdrawing also

this is why there not going to print more .........their going to raze more by buying it back

I got feeling this ride is coming to a end one way or another

LETS HOPE ITS IN OUR FAVOR

I can pretty much say without a shadow of a doubt MOST of the 25000 notes are in the UK and the USA

Why they were saying a wail back(the other economist NOT in the LOOP) they needed a bigger note WE have them all(but only a few people know this in high places) AND

the ones we did not have have been taken out of circulation(and the people in low places are concerned how they are to do business without printing more (but shabbi KNOWS)

[GotSix]

I read the whole article....the statement you are referring to is talking about how the central bank monitors inflation through this "specialist" and it is reported in the central bureau statistics and they take that info and use it to determine whether or not to lower or raise liquidity off this report....

Shabs is saying they are working presently to raise the level of liquidity, not lower it....not at this time.....since Iraq was invaded they have not removed any of the money supply....they removed excess liquidity last year, but even then they took the money and dumped it right back into the market...if you watch the CBIs financials the money supply numbers just keep growing and growing....

They are referring to the exchange rate they have now....they have the largest cash reserves right now ever, and it just so happens to strongly back the value of the dinar that its currently at....actually i think last time I checked they are backing the exchange rate 110% so they have a little room to move it but who knows, the money supply could have just grown by that much....

Keep & MrFnHappy....appreciate your responses......but please excuse me for now.....I've been really getting ready for tonights game for several hours now (if you know what mean )....& to Keep...on a side note...... based on previous threads.....you know my thoughts about their financials & I'm not the only one ...I assumed I didn't have to rehash the financials so that you could use it as an out....that's what you get for assuming. ....

[notoriousb]

"raising of liquidity" in the case of an rv makes sense to me. the CBI will push the lower denoms into the market once it takes place inevitably creating higher inflation at first, and then overtime as people start to turn in their higher denoms and start using bank accounts they'll draw down the cash block over the 2 year period that CBI always talks about.

and when it comes to the distributing of lower denoms to the public once it happens, an article last week talking about the new payments system in iraq said that people will be able to "make cash deposits and withdrawals either at branches or at venues such as retail shops that the banks will designate as their agents" --

so thats how they'll get them out in my opinion

[keepmwlknfny]

Keep & MrFnHappy....appreciate your responses......but please excuse me for now.....I've been really getting ready for tonights game for several hours now (if you know what mean )....& to Keep...on a side note...... based on previous threads.....you know my thoughts about their financials & I'm not the only one ...I assumed I didn't have to rehash the financials so that you could use it as an out....that's what you get for assuming. ....

Hahahaha not using it as an out, I mean until there is some evidence that arises that can disprove the legitimacy of those records completely then there really is nothing else you can go on unless you wanna go off of the many forum facts floating around lol.....

Nothing shows differently so it just is what it is and its all we can really go off of.....I know you think they are.bunk and you must think those numbers are way off huh? To me, and I'm probly not the only one, it all seems to add up and make sense that they could really have that much money out there.....but I wouldn't say that its impossible those numbers are off either....

[Stryker365]

"raising of liquidity" in the case of an rv makes sense to me. the CBI will push the lower denoms into the market once it takes place inevitably creating higher inflation at first, and then overtime as people start to turn in their higher denoms and start using bank accounts they'll draw down the cash block over the 2 year period that CBI always talks about.

and when it comes to the distributing of lower denoms to the public once it happens, an article last week talking about the new payments system in iraq said that people will be able to "make cash deposits and withdrawals either at branches or at venues such as retail shops that the banks will designate as their agents" --

so thats how they'll get them out in my opinion

Bingo!!! I've been thinking about this article since it came out and this to me makes perfect since.

Thanks for thoughts notoriousb, couldn't have put it better!!

I really don't think there is much big notes in country anymore, to many provinces complaining about lack of currency a few months ago.

[Sanssouci]

That is exactly the deal. All e-money.

Call me out if I'm wrong, but I liken it to winning the lottery and having the choice of a cash prize or an annuity. With an annuity one receives the full amount won, but it is paid out over time. With a cash prize one receives a large amount up front, but considerably less than the actual amount won.

And one question for you guys....per the above it states "The central bank governor said in previous statements that Iraq has the largest cash reserve in its history, and this leads to Astaqraralamlh and the level of its exchange rate" what exchange rate are they referring to?????????? because it still sh.t....

I have heard that Astaqraralamlh is somewhere on the road to Shambhala.

[Stryker365]

Good post Stryker. I am not sure what this is about. I would consider asset based currency, yet the main currencies are not reading 0's just the exotics. So while I believe one day we may see this happen I don't think this is what is going on. What it is I don't know but I do think it is being orchestrated by the IMF, WB, BIS. My opinion only.

Footer to answer your question, a couple of weeks ago, when the 000 rumor began I have a friend who buys his dinar at his bank, 1st National. He went in to buy some more and was told they were not selling or buying because they had no rate. So he inquired of the Kuwait dinar, he was told the same. He kept naming countries, he was shown the screen to see for himself. My friend is a business man and honest, I believed him, still do. So personally I have not seen the screens, and frankly I really haven't made a trip to my own banks to check it out. Busy doing other stuff I guess.

I also like Historian, I do enjoy what she brings forth.

Zig, the main currencies are not the ones that the IMF Press Release and the Press Release from the White House were asking to change their exchange rates to a more flexible alignment in the market, its the emerging markets or the exotics.

We need to look close to the Euro Summit tomorrow to see where they are heading IMO.

Everyone needs to keep an open mind to whats going on in the world economy right now for the big pieces of the puzzle.........Iraq is just a piece of the puzzle.

World Wide Central Bank swaps has added liquidity to banks world wide

Things really are moving right now!!!

The bigger the problems the bigger the solution must be, IMO

Have a good night ....back at it again at 4:00am

Edited December 9, 2011 by Stryker365

[George Hayduke]

I have heard that Astaqraralamlh is somewhere on the road to Shambhala.

Using my old, but reliable, KV GPS, I found Astaqraralamlh to be three quirks just outside of Tralfamadore.

"the universe is a big place, perhaps the biggest." Kilgore Tout

GH

[hame55]

I agree with what you say, except for where you ask if the banks would have enough money to cover it.... If it did straight up RV then no, they wouldn't have enough money to cover it.... Although if I walk in with 1,000,000 Dinar I most certainly am not walking out with $1,000,000 US (or what ever it might be) in cash and I doubt any one else is either. It would be funds in an account, on a computer screen.

YESSS!

See the film "Thrive" and it's online too, on the Thrive movement website. Fractional banking explained well, as well as systems of the banksters. I believe this will RI/RV pretty high so as to be stable, based on projected growth, the rate the taskmasters want (IMF & World Bank), what will make lots of money for the occupiers (us) and the world financial markets. I personally believe the asset backed currency thing is a projection of what people want --- a good idea, but with fiat currency, there is so much more manipulation available to them to influence the markets and make more money.

So........yes, the money will be digital, on a screen - and not really exist.

Isn't all currency backed by "the full faith and" blah blah, of the government printing it?

FAITH

There are a lot of people out there who have faith in Iraqi oil, nat. gas, gold, etc.

JMHO

[notoriousb]

Bingo!!! I've been thinking about this article since it came out and this to me makes perfect since.

Thanks for thoughts notoriousb, couldn't have put it better!!

I really don't think there is much big notes in country anymore, to many provinces complaining about lack of currency a few months ago.

np Stryker.

and I'm also in the camp of agreeing that the numbers the CBI gives us for inflation and the actual volume of dinar in circulation are totally cooked.

double deep fried and extra crispy

[Carrello]

np Stryker.

and I'm also in the camp of agreeing that the numbers the CBI gives us for inflation and the actual volume of dinar in circulation are totally cooked.

double deep fried and extra crispy

I know this is off topic, but I must say, your avatar is outrageous. So apropos. We need you, Masked Man Who Speaks Arabic! Did a camel come with the outfit?

[coldwarvet]

Excellent thread, gang! Good to see you back in action, randalln!

[notoriousb]

I know this is off topic, but I must say, your avatar is outrageous. So apropos. We need you, Masked Man Who Speaks Arabic! Did a camel come with the outfit?

that's space ghost --

Edited December 9, 2011 by notoriousb

[Carrello]

that's space ghost --

Sorry, sorry. I thought that was a turban. I really thought it was an Arab dressed up like Super Arab. Oh, well. Maybe they will let you keep the camel.

I am enjoying your perspective on the dinar status. Thanks!

[randalln]

Excellent thread, gang! Good to see you back in action, randalln!

hahahaha thanks

its time to ride this baby for a win.......... or reck it in the wall because the season is almost over

[peejay67]

This is pure speculation though..why isnt this in the rumour section??

[mckay*pro]

now they are telling the truth the most cash reserves in its history they are making 2billion per day every time the sell OUR dollars back to us and receive 13 dinars in credit and pay off there DEPT (that has been payed ten times over)

IT IS COMING CAN YOU FEEL IT

O you ask what are we buying there dollars with

ALL THE DINAR AT 4000 x 1 THAT WAS GAVE IN EXCHANGE FOR OUR DOLLARS we are buying it back at 1170

NOT IN CASH PEOPLE

so really we are paying for there RV and making it look like they are in control to the world

at the same time putting all the other countries in there place

IT WILL PAY FOR ITSELF

Saying it will pay for itself is not logical at all. If you buy 400 - 25,000 Iraqi Dinar Notes whoever you bought it from would make $8547 at 1170 per $1USD. The figure of $8547USD is not profit, they must subtract what they paid for the bills before figuring out profit. Also $8547USD paid if returned at .01 cents would = 100,000USD So if the possible return is this great it would be not logical to think that it could pay for itself since nothing purchased low and sold high has any comparable equality between the buyer/owner. However Iraq is in a different seat, they can pay for bits and pieces of the total amount needed to recover the currency - They could use oil as equity, natural gases, their contracted trade agreements, Stockpiled gold, and many others to offset the price of a currency RV.

[ssmith]

Bump

[ssmith]

This is pure speculation though..why isnt this in the rumour section??

I'm guessing you didn't read the original news article; that started this thread? Not a rumor...

[Stryker365]

I'm guessing you didn't read the original news article; that started this thread? Not a rumor...

Thanks ssmith!!!

[randalln]

Saying it will pay for itself is not logical at all. If you buy 400 - 25,000 Iraqi Dinar Notes whoever you bought it from would make $8547 at 1170 per $1USD. The figure of $8547USD is not profit, they must subtract what they paid for the bills before figuring out profit. Also $8547USD paid if returned at .01 cents would = 100,000USD So if the possible return is this great it would be not logical to think that it could pay for itself since nothing purchased low and sold high has any comparable equality between the buyer/owner. However Iraq is in a different seat, they can pay for bits and pieces of the total amount needed to recover the currency - They could use oil as equity, natural gases, their contracted trade agreements, Stockpiled gold, and many others to offset the price of a currency RV.

some of us did not buy at 1170

but at 4000 to 1

and in my book it has already payed for itself there is one less country in the world that( will be free )and not killing there people in mass ways

And at the end of the day you can't put a price on that.......................

and if just one of the people that was saved from a ruthless killer invents something that will help the world ..........say the cure for anything ......Thats paying for its self ..........

We spend in this country billions of dollars on better haircare products ,and a new way to get divorced .

I think it was money well spent

and look at the track record of what has been invented in Iraq already

By 3,500 B.C., city-states had emerged in southern Mesopotamia. These Sumerian city-states included Ur, which according to the Bible was the birthplace of Abraham. The city of Babylon became the capital of much of the area under King Hammurabi (1,792-1,750 B.C.), who is famous for the collection of laws known as the Code of Hammurabi. The northern part of the country, known as Assyria, rose to prominence during the first half of the first millennium (900-630 B.C.). King Nebuchadnezzar II (604-562 B.C.) undertook vast building projects at Babylon that brought it to the height of its splendor. Babylon fell to the Persians in 539 B.C. The Persians were, in turn, conquered by the Greeks, led by Alexander the Great, in 331 B.C.

The ancient Mesopotamians were the first known to use many things we now consider essential. Here are some examples:

• Writing: The Sumerians developed one of the earliest writing systems in about 3,200 B.C. Although writing began as pictures, it quickly developed into a series of signs comprised of wedges and called “cuneiform” after the Latin word for wedge. Cuneiform was written using a reed or wooden stylus pressed onto the surface of a clay tablet. The earliest tablets are administrative records. However, cuneiform was soon used to record literary texts, such as the “Epic of Gilgamesh,” as well as for writings on other topics such as mathematics, astronomy, and medicine. Writing greatly facilitated the accumulation and transmission of knowledge between distant peoples and generations.
• Mathematics: Symbols for numbers were among the signs on the earliest written documents. The Mesopotamians were sophisticated mathematicians and were the first to develop the idea of place value based on a number’s position in a sequence.
• Time: The Mesopotamians were the first to divide time units into 60 parts. This concept lead to our 60-second minute and 60-minute hour.
• Urban civilization: One of the world’s earliest cities was Uruk, which by the year 3,000 B.C. had an estimated population of 50,000. People living in cities developed specialized trades, such as metalsmithing and such professions as scribes.
• The wheel: The ancient Mesopotamians were using the wheel by about 3,500 B.C. They used the potter’s wheel to throw pots and wheels on carts to transport both people and goods. This invention had an impact on ceramic technology, trade, and warfare in the early city-states.
• The sail: The Mesopotamians made sails to harness the wind to move boats, and eventually sailed and traded as far away as what is now India.
• Astronomy and astrology: From a very early time, the Mesopotamians had charted the movements across the sky of the sun, moon, planets and stars. They were able to predict celestial events, such as eclipses, using that knowledge. They also divided the night sky into 12 sections and named them for nearby constellations, the names of which come down to us through Greek and later Latin translations as the Zodiac.

need I say more It will pay for it self even if its not in your selfish way.

I feel we owed them already for giving us a way to even have this conversation ............................

Edited December 9, 2011 by randalln

[Mak63]

I read the whole article....the statement you are referring to is talking about how the central bank monitors inflation through this "specialist" and it is reported in the central bureau statistics and they take that info and use it to determine whether or not to lower or raise liquidity off this report....

Shabs is saying they are working presently to raise the level of liquidity, not lower it....not at this time.....since Iraq was invaded they have not removed any of the money supply....they removed excess liquidity last year, but even then they took the money and dumped it right back into the market...if you watch the CBIs financials the money supply numbers just keep growing and growing....

They are referring to the exchange rate they have now....they have the largest cash reserves right now ever, and it just so happens to strongly back the value of the dinar that its currently at....actually i think last time I checked they are backing the exchange rate 110% so they have a little room to move it but who knows, the money supply could have just grown by that much....

Hey Keep, would the excess liquidity be indicative of the CBI's need to have it available for an RV? That would be my take on that.

Mak63

One question I have is, how do the funds get distributed to the population once they are printed by the CBI? Is Iraq a total welfare state? Does everybody just get a bigger unemployment payment? Do they have unemployment payments?

Will have to do some checking on that.

One thing I'd like to interject here is that Iraq wants to push their folks to debit cards. That greatly reduces the need for physical notes and leave most dinar in e-currency form.

[Stryker365]

Hey Keep, would the excess liquidity be indicative of the CBI's need to have it available for an RV? That would be my take on that.

Mak63

One thing I'd like to interject here is that Iraq wants to push their folks to debit cards. That greatly reduces the need for physical notes and leave most dinar in e-currency form.

Hey Make63, I ask him yesterday if he thought this liquidity could just be a part of the world wide central bank swap that's going on now but I did not get an answer. Either he did not see my question or just had no comment but I'll ask you your thoughts?

tigerstripes, Iraq is not a welfare state but they will receive a payment for the sale of oil, GOI wants a free market economy and needs to have the citizens work for a living.

Hope that helps..

Edited December 9, 2011 by Stryker365

[Carrello]

Hey Make63, I ask him yesterday if he thought this liquidity could just be a part of the world wide central bank swap that's going on now but I did not get an answer. Either he did not see my question or just had no comment but I'll ask you your thoughts?

tigerstripes, Iraq is not a welfare state but they will receive a payment for the sale of oil, GOI wants a free market economy and needs to have the citizens work for a living.

Hope that helps..

FYI: I PM Keep last night and have not heard back either.

[zigmeister]

I hope all is well with Keep.