Post From Dinar Updates
Chat Room Excerpts & Highlights
Dinar Updates Thursday PM Chat 6-2-16 Part 1 of 3
rcookie says to where'sthebeef():FIRSTLY....NEITHER MR WHITE NOR I (OR ANYONE IN THIS ROOM) HAS EVER INFERRED A DATE OR RATE......DONT KNOW YOUR AGE...BUT...PERHAPS YOU SHOULD EXAMINE THE ADAGE OF "ASSUME"...
WE BRING IN THE NEWS AND EVENTS AS THEY UNFOLD DAILY...
AND TRY TO TRANSLATE AND BRING CLARITY AND UNDERSTANDING TO THE COMPLEX POLITICAL..SOCIAL..AND ECONOMIC ISSUES THAT RELATE TO THIS INVESTMENT.....
TGE LOTTERY TICKET LOOKING FOR A DATE & RATE **** NEEDS TO STOP YESTERDAY.....
david334 says to rcookie():rcookie are u refering to the article? Why would the WB by pass Baghdad when they just set a CBI regional branch in Erbril. Changing poilcy at the eleventh hour? Thought we wanted a unified country.
rcookie says to where'sthebeef():THE EXACT VERBIAGE VER BATIM IS EXACTLY WAS HAS BEEN PURPORTED AND USED AS BASIS OF IMF OVERVIEW...
AND CORRELATION TO THE UNDERLYING RELATIONSHIP TO THE LETTERS OF INTENT...MEMORANDUM OF ECONOMIC * FINANCIAL POLICIES AND TECHNICAL MOUS SINCE 2011...
AS WELL AS THE STAFF MONITORED PROGRAM WHICH LEAD TO THE CURRENT $25 BILLION STAND BY ARRANGEMENT....IMF/WB METAC WORKSHOPS....20Q
where'sthebeef says():No cookie, you have got to be kidding me.. I brought that to you in private chat, and said nothing negative. I can't believe you would bring this out on the site. childish at best. I can guarantee you that 97% of all members that follow your and white, took the statement that yall have been pushing from the IMF "mid-2016" as meaning a rate increase.
NEVER once was it said by either of you that it meant, "Iraq will enter the global markets, but mid 2016 "and we hope that brings the rate increase". Never. If anyone ever quesiotned anyting, it was alwasys thown out to them "just look at what the IMF said, Who knows iraq better you orIraq"?
It was only about 2 weeks ago was it ever mentioned by you are white that it means "entering into the global markets, but not necceserly a rate increase. The funny thing is, is it really doesn't bother me. I was only asking you if you agreed with white.
I then just gave my opinion "IN PRIVATE CHAT", that maybe that should have been said from the beginning so the members were not hanging their hat on a rate increase by mid 2016, like everyone was.. sheesh
rcookie says to where'sthebeef():2016 BUDGET LAW VERBIAGE...WPRLD BANK CEMEX REPORT ON ECONOMIC DEVELOPMENT & TRANSITION...ARTICLE VIII OBLIGATION PROCESS AND STATUS AND WTO ACCESSION STEPS & STATUS......
rcookie says to where'sthebeef():NO BEEF......THAT IS EXACTLY WHY I MADE PUBLIC....
rcookie says to where'sthebeef():SORRY FOR THE NEWS FLASH...BUT NOT A LOTTERY TICKET...ITS AN INVESTMENT...A SPECULATIVE INVESTMENT......
david334 says to rcookie():Whats the hub bub Mr White said he believes they will add value to the Dinar and said take that end of June time line and throw it out. I believe BGG was also constructive.
Thats all anyone can say. If the article is true that the WB is bypassing Baghdad now thats a potential wrench. The leaders of the site have been very constructive and the case is sdtrong but there are never guarentees. The other blog members must be confused I am as to why the hostile exchage.
where'sthebeef says():No, I never bought into the mid-2016 buzz. But I can tell you this cookie. If the members here are going to be honest, I can tell you 97% of them took what you were saying about the mid-2016 statement as meaning a rate increase. that is fact, unless people won't be honest about.
Also cookie I have been in this way to many yeas to know it's not a lottery ticket..that's a funny statement though. I said nothing that was wrong. Everything I said is correct, and that is how most if not all took it.
rcookie says to where'sthebeef():THAT ALIGNMENT OF IMF STATEMNTS AND SUBSEQUENT INTERNATIONAL AGENCY REPORTS AND INITIATIVES IS WHAT WE REFERENCE AND CORRELATE NEWS AND EVENTS WITH...NOT UNAMED SECRET SOURCES IN CBI OR IN UST OR GOV'T AGENCIES....
JAMVOX says():where's the beef (y)
chickadee says to where'sthebeef():(y)
rcookie says to where'sthebeef():BEEF....YOU ARE CERTIFIABLE!!!!!....I HAVE PAINSTAKINGLY AND REPEATEDLY TOLD ALL MEMEBERS OF THIS ROOM THAT IF ANYONE PURPORTS TO KNOW DATE OR RATE...OR KNOW SOMEONE WHO DOES TO RUN AWAY LIKE YOUR HAIR IS ON FIRE......
where'sthebeef says to rcookie():Not sure what you mean by unamed sources in cbi or ust agencies. I love where we are at right now. I think we are in a great place and have thought that for some time. I am a believer. LOL, I brought something to you in "private chat", and that was all. You brought that out to the site, for some unknown reason.
movack says():where's the beef (y)
rcookie says to where'sthebeef():THERE WILL NEVER....EVER.....EVER....BE A TELEGRAPHING AS TO A WINDOW OR TIMEFRAME AS TO A VALUE CHANGE TO IQD......EVER.........
david334 says to rcookie():Wwmawhite said Abadi would not go infront of the G7 recieve all the pledges for lines of credit with a rate of.00065 he would be laughed off the stage .
rcookie says to where'sthebeef():HEY BEEF DOES THAT LOOK AND SOUND FAMILIAR TO YOU....
where'sthebeef says to rcookie():Again, most if not all members completely took the statement that you and white were promoting from the IMF as meaning a rate increase. Good Lord, that has been the narrative by everyone in chat for 6 months. lol, again I only brought this to you in private chat. I just made a suggestion to you in "private chat". you brought it to the group.
where'sthebeef says to rcookie():I am very grateful for the researchers
popeye7 says():I think that where'sthebeef is basically declaring what most are thinking as it concerns the mid-year... There has been a buildup of sorts, and many are hoping for this to come to fruition in the near future...
With all of the progress that has been made, and all of the compliments that have been given by the IMF, World Bank, ect to their willingness to accomplish what has been ask, one would assume that the next step would be an increase in the value of Iraq's currency... Lets not argue this... It is not worth it, and lets continue to try, and be civil without name calling...
david334 says to rcookie():Okay thanks usually the Baghdad gets testy about circumvention. Appreciate it
rcookie says to popeye7():THEY HAVE DONE EVERYTHING THEY HAVE BEEN MANDATED AND SET OUT TO DO........AND POPEYE CORRECT THAT WOULD BE THE NEST STEP GIVEN THEIR ARTICLE VIII OBLIGATION STATUS AND POSITION...
chickadee says():Did they get the article VIII?
popeye7 says to rcookie():Right on... It could very well be after June of this year... We will see... No one really knows... But we can hope... But the progress has been great... Thanks for your research.... And for everyone who has been working to make this site the best... Much appreciated... (y)
JAMVOX says():one thing right........ "No one really knows"
rustynail says():YO anyone who don't appreciate the wh
rcookie says to popeye7():THAT IS EXACTLY RIGHT POPEYE...NO ONE KNOWS...AND IF THEY MAINTAIN THEY DO..........RUN AWAY!!!
david334 says to rcookie():No that would be ridiculous. That disfunctional government is still the same, the presure to clean house is building but there is some wood to chop. Personel wise and ministry wise. Like Alak, the auctions the lack of a technocratic government etc etc
david334 says to rcookie():Maybe its resolved by the end of june maybe not but at some point it will get done in the near future. All this money getting lent is based on repayment which calls for a fair value. the fair value also allows the economy to grow purchasing power helps build power plants. However this banking transition is complicated
chickadee says():okay now I am really confused thats for sure. Just when I start understanding proof it is changed. 8-)
rcookie says to chickadee():????
JAMVOX says():David334 the money loaned is in either dollars, euros, yuan but not dinars. Thus fair value of the dinar has nothing to do with repayment. They will repay in the currency which was lent.
david334 says to JAMVOX():I understand but its the most undervalued curreny in the world therefore repayment is far more difficult because no one recogizes the value bersus country fundamentals. Would you want to be paid in dinars today for a loan. I wouldn't I would have to wait till sterling opens again and they would take a 400% spread.
jarhead says():now im lost...........again
jarhead says():oh well :D
Woodywoodpecker says():Jar get you a good compass
david334 says to jarhead():I am saying that the asset value or future value once they crush corruption is huge. Why did Obama life the embargo on Vietnam for weapons purchases if their currency will remain worthless? As an example. These groaaly mispriced currencies will be adjusted . Hopefully sooner than later.
Pablo says():Yeah, something's going to have to happen with Vietnam pretty soon.
JAMVOX says():No one makes loans based on what a currency may or may not be in the future.
david334 says to JAMVOX():Last comment . This $2 billion bond deal I think its Euro's will be repayed in Euro's but the dinar/euro conversion rate is a tad out of whack at this moment.
Investors probably consider that when buying the deal. The credit rating reflects how wealthy the issue is or his ability to repay. So I am assumi g if that deal happens the dinar will have to be higher. Or a 100% US EU guarentee would work as well. Politically not great.
JAMVOX says():The dinar/euro conversion rate has nothing to due with the deal.
Pablo says):Whish we could see an RV today. :)
MrsBGG says to Pablo():Enjoying the journey :)
Pablo says():Journey is taking too long.
MrsBGG says to Pablo():We are blessed :)
jarhead says():yes at least we're in it :)
rcookie says():Businessmen Union in Basra starts with the founding of the largest joint-stock company in the province
Wrote: June 2, 2016 Basra province
Iraqi Businessmen Union in Basra announced, on Thursday, he began the first steps of the founding of the largest joint-stock company in the province hundreds of business involving, among the company was going to open its own bank.
The head of the Union Sabih Habib al-Hashemi said in a statement, said that "at least 500 businessmen optical mostly have only regional decided to participate in the establishment (United Basra company) which will be the largest joint-stock company in the province," noting that "the capital of the company at its founding will not be less than 100 billion dinars, and when capital rises to 250 billion dinars will create a bank that cares about the financial transactions of the company. "
He Hashemi that "the establishment of the company action at an advanced stage, and when the shares put up for sale during the IPO meeting of the year will be the business participants to the project to buy the most part, and the remainder will be available for those who wish of the people of Basra," he said,
adding that "the company does not define itself in the business sector certain, but will be strongly active in various sectors, including construction and the building industry and tourism, where it plans to implement a package of investment projects, in addition to the implementation of projects contracted with the local government in the province. "
jarhead says():dont seem like much money until the rate goes up...idk
JD1 says():wow mr cookie i never heard you or mr white call date or rate just fact's that take us there thank you for all you do no hype fact's only
subgirl says to rcookie():Businessmen Union in Basra starts with the founding of the largest joint-stock company in the province
subgirl says to jarhead():but just wait til it revalues!!!!
jarhead says():cant !!!
subgirl says to jarhead()me either!! cant wait! :)