[tlm724] Iraq will never be stable as bubbies said yesterday history repeats its self
[therealbubbie] and you see articles that say ... the dinar is strong .. well if the dinar is so strong then why are they using the dollars in the streets !
[tlm724] yes those dollars were supposed to pay for imports
[therealbubbie] like I've said they way we look at things and they way they look at things maybe different ! and all I've said is pretty much facts .. ! I am not trying to get anyone down .. but what I've said is the truth .. saying that with all the bs going on in Iraq they moved the market price over 700 pips in 2 days ..
[tlm724] it is reasonable to assume that the CBI can do what they want with dinar pricing based on what you presented bubbies and the question remains what is stopping them ? Thank you great job !!
[Splatyfish] tlm724 do you have any ideas on what is stopping them?
[tlm724] well I would say laws etc but bubbies has made a strong argument against that. Let me share one thing again Dr. Shabibi laid out a plan years ago about how to do the currency reform and I believe he had it on track UNTIL he went to Japan and got hit with a Maliki sucker punch while his back was turned.
Then Maliki put his two guys Turki and the current proxy gov in the CBI. There are those in the GOI who will do ANYTHING to stop progress, this we know
[tlm724] so you have a gov in the power seat of the CBI who can probably be easily influenced by others and who does not have the economic experience as well
[tlm724] if you have a set of instructions to put a toy together but you don't read them and follow them then what happens ? you have to take it apart and start all over again this time reading the instructions, following a set of steps that will lead you to what you want to accomplish but the CBI did this all backwards !
[therealbubbie] [tlm724] the CBI did this all backwards ! ahhh and yet they found the smarts to move the market rate over 700 pips in 2 days
[tlm724] but we just witnessed how quickly the CBI can correct themselves
[tlm724] therealbubbie ^^^ right !
[tlm724] so don't lose hope with this set of circumstances just because they messed up doesn't mean we are back to square one ! They will have to read the instructions and they are !
[shunshine] Yes, and yet the instruction Dr. Shabibi set are still in front of them to be read. Right!
[tlm724] I keep thinking back two days when BondLady said "it's always darkest before the dawn ! "
[therealbubbie] they moved the market price over 700 pips in 2 days .. they understand the instructions ..
[tlm724] yes but they didn't follow the part where there is a sequence of events needed to support that, remember every action has a reaction !
[therealbubbie] tlm724 oh like when they stopped the auctions !
[tlm724] exactly and capped the dollar sales etc... all out of order
[tlm724] Splatyfish one further note, maybe this time is different then before because the currency reform they have planned will have such a large impact on Iraq, maybe the projected growth of the dinar requires the legislation to protect it , just thinking out loud, don't bash me lol
[dogznova] they definitely need laws..
[Splatyfish] tlm724 no bash Smile I appreciate your thoughts!
[tlm724] yqw !
[dogznova] market rate at 1379.. whoot whoot
[therealbubbie] [dogznova] market rate at 1379.. whoot whoot.. you better check again son ... CBI says 1312 ! and http://www.rs.iq/ says 1300
[dogznova] your right..it is down to 1312
[dogznova] they pulled it down from 1379 to 1312 in 2 days..
that's alot of dinars in 2 days
[therealbubbie] dogznova and ask yourself ... they did it they moved the rate that muck in 2 days .. i have this site that said the rate was at 1430 now its at 1300 . !!
[therealbubbie] so they can move the rate anytime they want and in big pips ..
[therealbubbie] dogznova it says 1300
[dogznova] bubbie.. How long you been sitting on that RS link?
[therealbubbie] dogznova about a week
[therealbubbie] dogznova and ask yourself ... they did it they moved the rate that much in 2 days .. I have this site that said the rate was at 1430 . http://www.rs.iq/ now its at 1300 . !!
[dogznova] did that RS link say 1379 when it was 1379 a few days ago?
[dogznova] so the RS link had it at 1430?
[therealbubbie] dogznova no it was around 1400 and change
[dogznova] still higher then the CBI had it.. Correct
[therealbubbie] dogznova yes and they dropped it from there to 1300 in 2 days
[therealbubbie] dogznova yes .. but I've heard that the CBI lags behind them !
[dogznova] they playin with us... They can drop this rate 500 if they wanted.. Who they kidding..
[dogznova] the CBI probably is slightly behind them.. I agree
[therealbubbie] dogznova dogznova bless you .. that my whole point !!
[dogznova] I like that RS link.. Thanks for posting it sir
[therealbubbie] because they did with ISIS, no laws .. they moved the market rate over 700 pips in 2 days
[dogznova] That's quite the move.. Even if it is just the market rate
[therealbubbie] dogznova but now you have to ask yourself WHY ?
[dogznova] I would say that's a first I've seen since i've been in this investment
[therealbubbie] dogznova used to see moves like that in 05 you had the maket and the regular rate moving until it hit 1170 !
[dogznova] I know
[therealbubbie] dogznova no laws in 05 . they moved the rate !
[dogznova] maybe the laws are already there.. They just not showing them yet ??
[dogznova] therealbubbie thats part is exactly correct, it went from 2,000 to 1,200 pretty fast..
[therealbubbie] dogznova like you said they can move it to a 500 rate if they wanted to !
[dogznova] yes sir...probably could move it 1,000 in a week if they wanted
[therealbubbie] and unpeg from the dollar !
[therealbubbie] dogznova then why don't they !
[dogznova] something with that IMO has to change.. Not sure excatly what they have planned.. But being pegged to the dollar like Kuwait was is probably not a good idea.. But I could be wrong on that as well..
[therealbubbie] dogznova they could to it today tomorrow next week ... IF they wanted to !
[tlm74] thank you everyone great discussion !