[BWM] scott24680 the point of the RI discussion is this... if everything is
dependent on the IQD (which I hope we agree on) and the problems that have
plagued this event from delays to malfunctions have been put in place by
whomever has the "excuse du jour" -
then an RI would be the IMF forcing Iraq into making a decision on what to do
and do it NOW...
The point is that Shabs has wanted the high rate so whether they have drug their feet
or someone is not giving them the rate they want, by forcing things to move would give
everyone an excuse to get what they want IMO
[BWM] I don't think the RI is the plan... but it's a step forward which is
the PLAN right now... hope that makes sense...
[BWM] Iraq does like a lot of kids do... they do what they do until
they get in trouble for it.. then they apologize and try it again until
they get spanked (unless you don't live in the south)
Read More Link on Right
__ [rdailey] BWM While it may not be the plan of choice, do you think
that the IMF is prepared to follow thru and force it? If not, then
those holding it up would likely feel also that the IMF is only trying to
force their hand, and simply hold their ground.
[BWM] rdailey I think Lagarde can enforce it and will if she needs to....
[draavmorris2] bwm, so the imf are forcing their hand so to speak.
And we will see the roots of that final effort, tomorrow. One way or another?
[BWM] draavmorris2 there are other timings that we can't discuss...
I don't think anyone is offering a guarantee on tomorrow as they shouldn't...
[BWM] about the "tomorrow" issues... I think like most are trying
to say we should get some more clarification about where things are tomorrow...
could we see it? Yes but again... no guarantees
[BWM] scott24680 greece just expressed they would have their money...
wonder where that is coming from?
[rtiny] BWM so basically if we were playing cards (poker) the IMF
is calling Iraqs hand. Since they the IMF is calling thier hand,
either the IMF is bluffing or Iraq lays down thier cards and wins
the hand. NOt for sure if they win if thier not ready.
[BWM] rtiny the IMF is not bluffing IMO... and Iraq can either
get what they want OR they can lose... up to them I believe
[boomer1110] BWM BWM Didn't LaGard ask the Europeans for 500b
to bail out Greece? My money is on the dragon clan...
[BWM] boomer1110 500B for the IMF cushion fund
[Jake617] BWM being that tomorrow is no garuantee, yet knowing it
hasnt happened yet, if it is delayed past tomorrow, Will this be
solved hopefully by next weekend or before?
[BWM] Jake617 the fact that things have been "forced" NOW we should
see some dancing going on... and it's the last dance, pick your partner
or go home alone
[billuke] BWM hey how goes it? Question, if things have been "forced"
then is it fair to say that "all things are done" weren't?
[BWM] billuke not exactly... it's like every negotiation.. you have a rebuttle
[draavmorris2] bwm, the imf should leave the ticker going.
I would not reset, let them drop in the rate they want or shut up! Go big, or go home.!
[BWM] draavmorris2 that's basically about where we are...
[MsMarple] BWM . . if the IMF forces the RI . . won't it automatically
be tied to the USD . . which means Iraq will no longer have the option of pairing to the GBP?
[BWM] MsMarple good point.. has been debated all day..
but an RV could happen afterwards and change things also
[booyahoohoho] BWM BWM does it sound like another week delay to you?
[BWM] booyahoohoho no not at all...
[sfmhi] BWM - Apologize if I sound confused.... so there's nothing
happening tomorrow then at noon. We shouldn't expect RI tomorrow?
Pls clear this up for me. TY
[BWM] sfmhi some of this I can't really get into.. but if we don't see
it tomorrow then we know something else is in place... sorry hope that helps
[dinali] BWM Do you think that possibly Iraq is ready or has been ready
and other nations aren't? And that's why the IMF is holding it up?
[BWM] dinali Iraq always is looking for more
[draavmorris2] bwm, so then, if something else is put into place,
I.E. Rv vs ri, would we still more forward with what ever that rate is?
[BWM] draavmorris2 the rate can change on RI if it moves to RV...
an RV would put us where we want to be
[sandytob] BWM ...you mean Iraq is always looking for higher rates?
and that has been the point of disagreement with the IMF?
[BWM] sandytob Shabs asked for high rate to start...
that has been a point of contention all along it seems
[draavmorris2] bwm, so, when shabs, stated that he could handle 12-14
dollars easily. That is what he wanted?
[BWM] draavmorris2 why not ask for the moon...
[BWM] srm777 been here the whold time... just had windows blow up
[FloraDora] BWM So we're not looking at tomorrow afternoon anymore? What windows blew up?
[BWM] FloraDora nothing has blown up yet... tomorrow will help clarify some things
[luckydi] BWM.... tomorrow will help clarify like an RI or RV ???
[BWM] luckydi basically yes..
[booyahoohoho] BWM BWM BWM sorry, but what are we looking for tomorrow?
[BWM] booyahoohoho a sermon
[ChaChaRichSquirrel] BWM would and ri have the same tax rate?
[BWM] ChaChaRichSquirrel BIG debate over that... let's let this shake out first
[drizz] BWM ~ how much time do you think the IMF will give Iraq IF they want to RV and need more time?
[BWM] drizz can't get into that... but don't panic about long term