Cole101 : I BELIEVE THE RATE WILL HIT 1 TO 1 WITH THE US DOLLAR BY THE END OF THE YEAR WITH A FREE FLOAT...........WILL NOT TAKE YEARS AS YOU STATE. AT .26 THE INVESTORS WILL PILE IN RAPIDLY......WHICH IS WHAT THEY WANT......ALL IMO......
Dr. Dinar: Have to disagree...this talk of investors coming in at .26, why wouldn't they come in at 1166 then and get a much better return?
Cole101 :REAL SIMPLE..........$.26 INTERNATIONALLY RECOGNIZED ...............1166 IS NOT......(PROGRAM RATE)
Frank26: A horse is a horse... of course... of course... And no one can talk to a horse of course
That is... of course... unless the horse is the famous Mr. Ed.
A Start is a Start... of course... of course... And no one can talk to a Start of course That is... of course... unless the START is the famous ............ CBI. TA DA ........
KTFA, Frank....... Just get me out of the gates CBI ......And M .... Just get out of the way.
mryantodd : Some very interesting and well thought out opinions today about Delta's comments last night. Thanks to everyone that contributed to the conversation. My first thought on this was....
... so much for not discussing rates or dates on KTFA. Then I thought, well it's been building for awhile and it is good to see all of the varying perspectives from some very bright people. I would just like to add one more thought to the conversation (and no, I won't be giving my opinion on the rate here).
Why would Iraq telegraph a rate to the general public? IMO, there is more going on here than we see and if I were to read between the lines, this is just a teaser or misdirection that is designed to drive excitement, but this is not the whole story. It would not be in Iraq's best interest to let everyone know what the rate will be before it is released and although it took some critical thought and ciphering to get to this rate, I believe that the truth is still being protecting and hidden from the world. As always, only time will tell and although I am excited that things are moving ahead and appear to be positive for us, I'll continue to remain cautiously optimistic.
Just my food for thought today. I would also like to thank Delta for the insight and bringing this discussion out of the shadows. Respectfully, MRT
Frank26: "I would also like to thank Delta for the insight and bringing this discussion out of the shadows."
Hmmm........... Profound ......... What he found.
DELTA was the first to also tell You ......... "I pray I am wrong".
What we did last night WAS not easy but it WAS ............ For You.
timaldo:Thanks for a great call last night. I love the differing opinions. No one knows anything for sure. I have great respect for Frank & Delta. I always pay attention to your opinions and ask that you keep bringing them to us.
I do not agree with Delta for a couple of reasons. Do you think it is possible that Delta was given the exchange rate and not the actual market rate? For example, if the exchange rate is
USD 1: IQD .32, that would translate to $3.125 USD (1/.32=$3.125)
Secondly, I do not believe that it is possible to have a free float. We learn from our mistakes and I believe the IMF has allowed a provision to not allow a free float based on what happened in 1991 with the Kuwaiti dinar.
It had very wild swings when it hit the forex market and went up close to 9$ at one point for a short period of time. This is when forex wasn't traded nearly as much as it is now due to the number of people with on line access and computers.
That would be way out of control now. I believe the IMF has allowed a provision for the rate not to fluctuate more than 2% one way or the other in a 90 day period.
Frank26: This is what I mean about today's postings:Well presented postings in opposition to CC.
Manicured words of respect.Debated with presentation.
Clear ...... Understandable. TY Friend ............
Sager » April 29th, 2014,
- Interesting that May 1st is the start of the IMF's new fiscal year
- Interesting that April 30th is when the IMF updates the IQD's exchange rates, every single year (except for twice during September).
- Interesting that Kurdistan will start selling oil GLOBALLY starting May 2
- Interesting that the CBI hasn't updated the indicative rates since April 24 (last Thursday)
- Interesting that there have been NO auctions since April 26 (last Saturday)
- Interesting that April 30 will be elections in Iraq
- Interesting that Iraq announced that the budget will be passed right after the elections
Interesting indeed Sager
LoveThisFamily: So we get through all of the coincidentally interesting things, and then they seat their government, and release the MR. And then it's June, and lo and behold they have done exactly what they said they would do...all IMO
Frank26: Yes ........ Look at Your notes ..... I TEAM called it the next 3 minutes.
moneytalks1: Hi Frank, Great cc last night. Great explanation by Delta.
The only problem i have with Delta's calculations is that he may be working with the wrong numbers; mathematically, he may be correct. WE really do not know if these were the true MS numbers. "We will never know" ,as you said Frank.
Delta is a good man and I am not trying to discredit him. he would love to see the rate come out at 3.86 as well. Deep in my heart, I think the rate will either be1-1 or 3.22 or over.
Even if it comes out low, i feel the markets will drive up the price very quickly near Kuwaits and SA price. I think there must be some parady in the exchange rates in the middle east.
What Delta has not really taken into account is the untapped mass resources that Iraq has. Diamonds, water, phospherous, gas etc. There isn't much Iraq doesnt have. The foreign reserves may not be as much as SA but there TOTAL resources IMO is umatched against any other country in the world.
The real exchange rate should be based not just on numbers but REAL value Iraq brings to the table. lastly, I believe IMO, we will see our blessing befor June 1. Thanx and chow.
jdtolle » April 29th, 2014, Essential to life
You are not too old or too tired or too broke or too disadvantaged. You are uniquely qualified to add substance to life.
Don’t get caught up in making judgments about what is fair or unfair or easy or difficult. Just get on with the satisfying and fulfilling business of making a real positive difference in the world.
You’ve done it many times before and you know you can do it many more times again. You know how great it makes you feel to know you truly matter.
So get busy, get some good stuff done, and feel that great feeling again and again. Forget about the silly excuses and focus on the significant difference you can make.