[cruiser] This was from earlier. Not sure if it made it out there. Please take a look. For those wondering if the gold standard is coming back? https://www.enumbered.com/gold_standard
jetpack] crusier what u thinking tonight ?? Rv before sept?
[cruiser] jetpack I really hope so!! For all of us. Just so that wach of us can move on with our lives.
[cruiser] jetpack did you see the CBI screenshot from last night?
[weimar_police] cruiser I did, but wasn't it a test screen shot?
[cruiser] weimar_police not sure. Kind of strange IMO. Why only 20 minutes and why only the USD.
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[jetpack] crusier I did
[weimar_police] cruiser I was excited to see the posting too, just don't want to get too excited
[jetpack] I want to get excited but I saw something similar about year ago just not same values so could be something
[jetpack] I'm not sure a year ago was testing their new live banking system and software
[redsnowbird] goldman Was a MOD at MIG that took the shot cool clown fish... the Euro was also not changed in relation to the USD... but if a test, I don't think everything has to be right..
[ontime] cruiser Well, if it was a test, they still have time to make it right! roflmao
[goldman] cruiser i would agree that it is lower than I would like but do we really have an idea of what it should be?
[goldman] redsnowbird you may be correct
[Jeff] cruiser 3.68 with 20%? possible
[Jeff] I mean 3.22 plus 20% sorry
[musiccitylady] Jeff $3.86
[ontime] Jeff That would not make it the highest currency in the ME (as Dr. Shababi has said they would have.)
[cruiser] bryan1972 should be over 4 easily. Will not be the same as Kuwait. I always thought around 5 and change . J?ust for the impact. It all depends on if they use oil as a hard asset.
[Jeff] ontime in time it will
[musiccitylady] Jeff I believe that will be it!
[ontime] Jeff Just asking, but do you really think they are going to let Kuwait one-up them in the beginning?
[musiccitylady] Jeff $3.22 pre Saddam plus 20% for inflation, correct?
[redsnowbird] ontime Doesn't have to start as highest.... just end as highest... and I am not going to quibble about $3.61 vs. $3.86 lol
[Jeff] musiccitylady me to but like Cruiser says may be higher now due to global shifting economically that difference in the barrel per oil we negotiated and the barrel per oil they sell could accomdate a much higher RV rate
[BigB] cruiser Why couldn't it come out higher and Kuwait's value rise with the RV so they are both high but camparable?
[cruiser] BigB It could. and they both can rise. But it will all depend on the tier 1 assets and if oil will be one of them.
[ontime] redsnowbird There are egos involved. Rember this is the ME. Also, remember, we have heard Kuwait is in the basket to increase in value.
[redsnowbird] BigB I think Kuwait may be higher as well.... if a lot of the currencies are revalueing... some maybe a small increase or decrease.
[redsnowbird] ontime I think Kuwait will increase as well, too!
[ontime] redsnowbird Yes, we have been hearing this for almost a year.
[goldman] barb thanks...there are a lot of come backs! I set myself up on that one
[barb] goldman oh did you ever, you must be tired buddy... I have full day tomorow, may turn in myself
[steveg] BigB One thing I don't understand - if we are saying that a country currency is going to be based on assets why would Iraq be anywhere near Kuwait. Don't Iraq have a much greater value based on assets in ground?
[redsnowbird] ontime And another thing... Kuwait came in high for a few days.. don't think they will be too upset if it is high for a week or so, then settle back down...
[BigB] steveg Definitely
[BigB] steveg We just are talking close to Kuwait's.
[BigB] steveg I believe we will see double digits before this is done.
[sailman] cruiser What's all the stuff about Maliki and Iran ---also CBI selling GOLD ???
[sailman] cruiser Did the Iran info really end up in the NY times?
[cruiser] sailman http://www.nytimes.com/2012/08/19/world/middleeast/us-says-iraqis-are-helping-iran-skirt-sanctions.html?emc=na
[kord] cruiser What is your opinion of the NY Times article? How or will it affect the RV? ty
[wheezer2] jetpack interesting! what would be purpose then ? and now?
[cruiser] weimar_police jetpack TY both. Just want to make sure I am not the only thinking it could be a good thing.
[weimar_police] cruiser / well with all I have seen in my short ten months holding dinar... however, a year ago, i was in Iraq working :)
[cruiser] kord I think it is great that the NY Times is covering a story about Iraq. Do not think it is a big deal.
[BigB] cruiser Good Evening - great post last night
[cruiser] BigB Ty
[cruiser] BigB do not know if you have seen this yet https://www.enumbered.com/gold_standard
[BigB] cruiser – yes, I/ve been reading about metals for quite a while. We have to go back to it as things are going downhill fast with the fiat money
[cruiser] BigB but this is an actual Bank, using gold standard
BigB] cruiser There is one operated by the American Indians on a reservation out west.
[steveg] Good evening. I mention this earlier but I think it may be worth discussing and Crusier I would like your take on it if you don't mind. I think the article you or someone posted yesterday about O tapping into the oil reserves. (SPR) can be rather important if in fact true.
[steveg] As stated in the article - releasing some reserves would have a short term impact on price at the pump but as the article says it would increase quickly because O would have to replace that reserve according to law.
[steveg] If the US stake in the RV is oil at $33 per barrel what better way to replace the released reserves at a much lower cost. O gets the political benefit of helping the consumer with lower gas prices right before the election with the add value of saving the taxpayer $ to replenish. Just a thought
BigB] steveg I read an article on that in the last few days.
[steveg] BigB It may be a leap but hey....
[redsnowbird] steveg We as dinarians take big leaps all the time.... what do you think we are doing here! lol
[BigB] steveg No - it makes perfect sense. Anything to get re-elected.
steveg] BigB It may be a leap but hey....
[BigB] steveg It is actally my exact thoughts when I read it. Timing is everything.
[steveg] redsnowbird AT lease it has all the components - the economy, oil, election, the RV.
[cruiser] Steveg I think it is strange that the government is even entertaining the idea of using the SPR. Oil is not that high right now.
[Jeff] cruiser I read where the experts stated that it would spike gas prices by shrinking supply; could be as there were one or two fuel refineries that shut down due to low margins and higher regulations up in the NE.
[cruiser] Jeff You beat me to it. Just think it is an election year.