Post From Dinar Updates
BGG NEWSTIME Monday, July 11, 2016
subgirl says to david334():NEWSTIME!!! WITH BGG TONIGHT AT 6:30pm CST!!!!!
magnetlady says():Yes and I understand Holly brought in more stuff today
subgirl says to david334():yyyyaayy!!!!!!
magnetlady says():The guys really helped explaining how it all fit together too
subgirl says to magnetlady):yes she did!!! WOW!
BGG says():Yeahhhh - about that...I am glad to be here D
david334 says to BGG():Hello Mr BGG
magnetlady says():We are glad you are too
subgirl says to BGG():Good Evening
MrsBGG says():Okay, he just received an important phone call, so it will be a few minutes...thank you for your patience
magnetlady says():I like when he gets important phone calls. Mrs. BGG
david334 says to magnetlady():Yes
MrsBGG says to subgirl():smile
subgirl says to MrsBGG():i think everyone did a great job putting up ? marks last night!!!!
subgirl says to MrsBGG():I thot it went very well... even the after call and asking questions in the room!!! I was amazed!
MrsBGG says to subgirl():Yes!
david334 says to magnetlady(6:36 PM):
Interesting that the country has all this product inventory at .00085 than bang 1.18 nice that will drive IQD demand
BGG says():Did you all get a load of News Time last nite - Did they not do a fanatastic job??
daytrader says to BGG():Amazing job.
david334 says to BGG():right out of interpol
BGG says():There is a great depth of research here at DU...
david334 says to BGG():That BGG is a large understatement
BGG says():If you missed the News Time portion... Here is the link...
BTW - the guys are all taking a breather after the MARATHON last nite... they should be back Wednesday (formally) they will very likely pop in and out (as per usual)...
AND - if you didn't get a chance to hear the "AFTER CALL"... here it the link - http://d.pr/a/hHIx
it is also on a banner on both THE BLOG and THE OBSERVER... Obviously - there is NO WAY to top that... so. I'll just be here for a short Q&A -
BGG says():we were talking today - the News is SOOOOOO volumous... 3 years ago - one of these articles would have had people out buying new cars and houses (don't do that - BTW).
david334 says to BGG():Todays parliment meeting whats Vegas saying on the whole package laws
david334 says to BGG():BGG not Vegas
BGG says to david334():personally - I don't think that is what we are waiting on - good for Iraq, yes. Required for us... I doubt. I know that flies in the face of "knowledgable Guru commenters" I just don't see it that way.
Drewsters Millions says():have you seen the article about Upgrading your currency
if so what is your take on that? the numbers are align up with yesterdays discussion with the Iraq banker NEN iraq news ,was posted on Facebook page
BGG says to Drewsters Millions():I was there when Holly1 brought it in our Chat Room... it's not exactly an article, but a FaceBook communication directly from an Iraqi banker to one of our FAVORITE DU NEWSHOUNDS... HOLLY TAMALE!!
Drewsters Millions says():correct< but i am referring to the article that was posted today
BGG says to Drewsters Millions():and my take is - if they are discussing this - in that frame of reference privately - this is SERIOUS. I am excited.
It appears some enterprising writer picked up on our conversation.(if that was his title)... not the first time that has happened at DU.
david334 says():is the eurobond deal soon? if so we can expect new credit ratings. What I love is none of this is discounted in stocks or bonds.
BGG says to david334():Not my area of expertise. That is yours... However, Iraq is about Iraq. Period.
david334 says():Well a high rating will get the analyst to start looking at it; Take cookies comment on the port huge people will pour in
david334 says():The highest GDPO ramp in the world and the world is clueless. I done Thx
david334 says():I lied wall street is all about relative value and nothing country comes within a galaxy for upside
BGG says to Drewsters Millions():BTW - I was just editing our version of that exchange to post on THE BLOG. it will be up later this evening.
Drewsters Millions says():ty
finesse says():I have a friend that insists they will lop and nothing I say changes her mind. Do you think there is ANY chance they will lop?
BGG says to finesse():I do not.
finesse says():TY maybe "from the horses mouth" will convince her. lol
ol lar says to finesse():If they were going to lop they would not have been reducing the note count the last 2 years from 9 billion notes to 4 billion as of last year and in My Opinion they are at or around 1 billion now, they would not have gone to all that trouble
slh5282 says):if the rate does come out at a lower rate, do you think we can hold some of what we have until the rate increases?
BGG says to slh5282():Who is gonna' stop you??
slh5282 says():did not know if there would be some stipulation to turn in or the notes would not be good after a period of time
slh5282 says():our notes
BGG says to slh5282():I highly doubt.
finesse says to ol lar():good thing to bring up for convincing...ty
slh5282 says():ok THANK YOU VERY MUCH
BGG says to slh5282():even if there is some time issue... there will be ways to address "staying the game".. BTW - the MoP has already told you EXACTLY what they intend to do..
BGG says to slh5282(): they may not do it - but they may - too... FWIW - the MoP talked about the "shadow value" of 1.13 and how they intend to apply the value there... and - (in their words) "until readdressment" by competent authorities after 3 years.
which sounds like a long time... however, let's say - you have a Million USD... in some kind of investment - that you are pretty certain will triple in 3 years. is there any such place that exists?? Outside this play??
david334 says to BGG():Does the MOF and CBI care about pulling in as much 000 currency as possible outside the country relatively quickly? Will the shadow value do it people might sit at that price way undervalued.
slh5282 says():NOT THAT I KNOW OF
BGG says to david334():There is regular reference to that idea... several different ways - all the same. It will work.
david334 says to BGG():THX
BGG says to david334():1.0 + anything, they will use it... it will draw in all the "mattress money"...
BGG says(): BTW - Last question...
Idaho says():What I know. I am earning .03% on my savings account and I paid only 1/10th of a cent for each Dinar 7% on my overseas account if comes out at the suggested 1.134 what a win....
BGG says to Idaho():HUGE WIN. and if there is a prospect of another bounce in 3 years... maybe bigger win. and if I'm wrong... big deal - you saved some money. In the end - you still have it.
Idaho says():True BGG and if you have enough at 1.134 it can equal millions after taxes
BGG says():OK gang - that's it for me tonite.
slh5282 says():THANK YOU FOR THE INPUT AND ALWAYS THE GREAT NEWS
david334 says to BGG():Thank you
BGG says():Have a great nite.
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