BLC Administrator's Chat 10/28/2013
[lightingcslt] Shredd gm did you read timmys chat ? I know I agree with it !
[lightingcslt] Shredd would you agree that once they make their currency an international tradeable currency that would flood the market with investors
[Shredd] lightingcslt I do......risk management regarding cash processing is imperative
[lightingcslt] Shredd yes so what makes a currency thrive
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[Shredd] lightingcslt regarding flooding of investors.............well, sort of, investors make money on the buy low and some have done that but the security and politibal stability is keeping them at bay
[lightingcslt] Shredd yes but you also have other investors say in building infrastructure, opening new businesses
[Shredd] investment will grow in Iraq but it takes time, even to "explode". right lighters , and that takes time just like structuring and funding investment funds
. [lightingcslt] Shredd but shredd you have major corp out there that doesn't need those investment funds
[Shredd] so, it will take off, at a rate dependent on stability and security
[Shredd] lightingcslt explain
[lightingcslt] Shredd for example, Mcdonalds, they want to open up franchises there or even corp offices they are just going to do it as well as starbucks, home depot etc
[Shredd] lightingcslt ok, sure...that will definitely come into Iraq but it will take time and for that to take place. When it does, those companies will grow which in your examples are domestically based firms, these will also provide jobs and grow spendable cash on the streets of Iraq
[lightingcslt] Shredd yes but I believe this won't take time
[Shredd] which will grow commerce, retail, etc
[Shredd] all awesome, positive growth for sure....it just takes time for those "ripples" to expand
[lightingcslt] but they can build any of these things in two months
[Shredd] they can, but again, this type of growth is at the highest risk of security concerns, imagine a new home depot opens and al quida blows it up because of western influence..... the more immediate investment growth will not be this sector but rather at the institutional investment level cash, derivative and structured investment vehicles
[Shredd] these are on paper, electronic.....investors looking for gains and returns, all they need is for Iraq to be rated, have all their banking laws in place and then watch it grow
[lightingcslt] Shredd its called risk and all investors take risk
[Shredd] not as much nowadays as before the fall of 2008
[tlm724] if I may, I agree with both of you, yes lighters there are buildings going up everyday and business licenses being issued, we see it reported all the time, the hard numbers, the facts ! and yes shredd the investment growth will and is tremendous as well
[Shredd] high risk is only tolerable if it comes with high returns
[therealbubbie] they have been blowing up things for years upon years it's their way of life they will never stop never
[lightingcslt] Shredd and imo in Iraq there will be
[Shredd] and those high returns will cost those funds higher interest rates and larger discounts on trades
[lightingcslt] therealbubbie yes its called job security for the construction guys
[tlm724] therealbubbie exactly !
[therealbubbie] what is meant by a stable security ... does it mean instead of things blowing up every 3 weeks they blow up every 6 weeks !!
[Shredd] security is still a big concern
[rsp1] I agree with Timmy...you both are right. While infrastructure is progressing, especially at the current rate, investors are watching closely, waiting for their moment to invest. Win-Win situation...
[rsp1] Iraq is trying to work on the security situation...but that is difficult with as elusive as the Al-Queda is at being caught.
[lightingcslt] rsp1 yes but I believe if you give them an international trabeale currency you will see the markets flooded with investors which is what I believe most of them are waiting on
[therealbubbie] the way they think of security and the way we think of it could be to different things ... '' see were only getting bombings every 8 weeks we've got it under control finally !!!!!!
[rsp1] It's all relative, but, yes...
[Shredd] investment will definitely come, just takes time. A few months ago I spoke to our top brass about why there is a delay in investing in Iraq. They said security and political stability.
[tlm724] imo security is and always will be an issue but it has not stopped multi-million dollar company's from coming into Iraq over the last several years ! Look at BP, Exxon, Lukoil, Zain just to name a few , the list goes on and on !
[lightingcslt] tlm724 yes and more in line itching to come in
[tlm724] lightingcslt yes investment firms, countries by the dozens ! Banks !
[lightingcslt] yep and whats holding some back is not having a tradeable currency imo
[dinardoe] and Westerners will hire on because there are no jobs in the Western countries and the money is great
[therealbubbie] security and political stability. if there waiting for that then see ya in the next life !!!
[tlm724] therealbubbie right !
[Shredd] therealbubbie that is what the delay is though ?
[tlm724] dinardoe great point !
[rsp1] Pieces to a puzzle...getting placed one at a time...eventually it'll all come to fruition.
[therealbubbie] Shredd like I said if their waiting for security and political stability. then we have a long long wait !!
[Shredd] dinardoe there is a great populace that needs jobs.....just like we saw that market explode in India, it will happen in Iraq too
[Shredd] therealbubbie the big issue around this is specific to Iraq's situation............they are a new democracy coming out of a war-torn dictatorship, that's why the concerns are heightened and quite frankly, the global economy needs to change their perspective of Iraq
[dinardoe] they will probably do what Saudi and the others have done...hire Westerners to fill Doctor, nurse, admin positions in all fields etc...get their people trained in how to run big corps etc and then phase out the Westerners
[Shredd] cheap labor is extremely attractive to corporations
[therealbubbie] Shredd oh no doubt there heightened .. but the fact is they all hate each other .. and that will never change imo ...
[Shredd] sadly, yes, that's why, to me.....the partnerships Iraq are and will continue to benefit from are first at the country level, then corporate, then private sector..........and in that order
[rsp1] therealbubbie Which is probably why some of those future investors are just watching and waiting for a more stable environment.
[therealbubbie] rsp1 hows that working so far!?
[Shredd] another thing to remember is this....and I talked about this in the ratings chat I did...... is many investment vehicles cannot invest in the Iraqi sector yet even if they wanted to so, Iraq becoming rated will be huge
[rsp1] therealbubbie which is why I stated "more stable" not "completely stable".
[Shredd] also, the more Iraq becomes a producer and exporter that will grow their GDP, again, takes time but it's all forward progress and all exciting to see grow
[therealbubbie] the only thing that imo will over ride there security situation is the fact they are greedy and love money !!
[Shredd] yes, greed reigns strong in investment!
[therealbubbie] rsp1 more stable like instead of bombings every 3 weeks they do bombings every 2 months ..
[tlm724] I think many companies have and are coming into Iraq regardless of security and like I said that list grows everyday !
[rsp1] therealbubbie Yeah, like that... Like you said therealbubbie , it's their way of life...in spite of Al-Queda
[lightingcslt] tlm724 yes and Iraq is thriving each day
[tlm724] lightingcslt indeed !
[Shredd] thankfully we don't have to wait for Iraq to "arrive" to see gain in the dinar
[tlm724] Shredd *hallelujah*