IQD CALLS Chat Early Wednesday 10-16-19

IQD CALLS Chat Early Wednesday 10-16-19

Chattels   sandyf posted financial statements from the CBI earlier. https://cbi.iq/static/uploads/up/file-156879800127996.pdf

chattels   Under Liabilities, 31-Auq-2019, Currency issued, 48,589,655,939

Baxter   THAT would be 48 Billion wouldnt it?

Baxter   not trillion....

spankie   ur right Bax

Baxter   thats what I thought... so where is the 42 trillion dinar out there

JoeSchmoe   Baxter chattels is that 48 billion the amount that is in circulation right now?

Baxter   I dont know... but thats what it says to me

JoeSchmoe   hmm....just when you think SandyF is total anti dinar, he puts out a little nugget like that?

Baxter   know

JoeSchmoe   IF it is the amount in circ

JoeSchmoe   currently

Baxter   I dont believe much of anything anymore

JoeSchmoe   yea

Zig   Look at the heading of that: "IQD Thousand"......you have to multiply any number you see there by 1,000.....

Baxter   ZIG... theres always fine print..... isnt there....

Wilder   48,589,655,939. Same thing you guys were talking about in September. https://dinarrecaps.com/our-blog/iqd-calls-chat-early-wednesday-9-25-19-part-1-of-2  

Baxter   you have to multiply that by 1000

Baxter   so it is trillion

Wilder   Same song different day.

Baxter   yep

Wilder   Why multiply?

Baxter   because thats what it says on the page

Baxter   it says .. in thousands

Wilder   1000000000000. Is this 1 trillion?

Baxter   yes

Doug_W   too many 0's I am dizzy now Wilder

Clay   me too     no comas

Wilder   Help me out here. That number referring to dinar?

Wilder   Hold on a sec

Clay   https://cbi.iq/static/uploads/up/file-156879800127996.pdf

Clay   look there

Baxter   yes.. its IQD Thousand

Wilder   A trillion is 1,000,000,000,000

Baxter   yes

Wilder   48,589,655,939 only 9 digits here after the 48

Doug_W   that is 48 Billion

Baxter   I know.. but that is in thousands.... you have to multiply it again by 1000

Wilder   Why

Baxter   because that is how it is shown.. it is shown in thousands

Baxter   to get the end result..you have to multiply by 1000

Baxter   look at the link clay brought in above.. it says... in thousands

Wilder   Im skipping this class. Give me a big F. Can i go hone now?

Baxter   they are too dam lazy to put three extra 0's in it

Baxter   if they would just put three zeroes in it.. it wouldnt confuse everyone... its all b >>>S

Doug_W   Wilder U get an A+

Wilder   Left collum says total assets. 105,675,079,542 ..now what the heck is that?

Baxter   deposit a dime.. for more information... LOL

Wilder   Times a thousand

Baxter   most likely...yes

Baxter   probably all of those figures are multiplied by 1000

Baxter   thats what i would think

Baxter   it would be much simpler if they would just put three zeroes on there

Baxter   10-16-2019 Intel Gurus Walkingstick & Frank26 ...IMO they have a date and they have a time to deliver the lower denoms. Yesterday they delivered a receipt. The only ting missing yesterday was the pictures and the descriptions of the lower denoms...I can't prove it to you...Does anyone want to bet me that they will see them [lower denoms] in the next week or so?

Wilder   Lol. Want my address? I'll wait at the mail box. Or you could drop the dinar off on way to Florida.

Baxter   I think I am taking it to florida with me..

Baxter   went to the bank this morning and they want a hundred bucks for a stupid safety deposit box

Baxter   ridiculous

biff   More small denoms ;$$$

Wilder   Guess you don't hate it bad enough yet.

Baxter   guess not

Biff   Baxter I had 3 million in 50 IQD notes had to dump them. that *was heavy.

Wilder   I'd bet frank or walking stick if they'd pay up.

Wilder   iMO's don't cut it with me

Baxter   hey..look at dimes... 20 dollars in dimes weighs one pound... a million dollars in dimes.. weighs 50,000 pounds

Kaperoni   I just have a minute but I wanted to clarify something

Kaperoni   When people read these documents and they're talking about dinar in circulation and they're referencing billions

Kaperoni   That is correct but that is in relationship to dollars. At the current exchange rate the cbi's liability for in excess of 42 trillion dinar is at or around 40 billion dollars

Kaperoni   But if they were to RV at let's say 1 to 1 then the liability would become $42 trillion dollars

Kaperoni   This is a ridiculous number and this is why we say the CBI could never substantially RV because they couldn't afford $42 trillion dollars

spankie   thx for that clarification Kap

Kaperoni   That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion

spankie   china has around 195 trillion yuan out- they r 7 to 1 usd

Kaperoni   spankie so what is the total liability you were saying China has compared to u.s. dollars?

spankie   30 tril usd- around that

Kaperoni   Well I haven't done any research on China so I can't argue with you but my information that the total money supply of all countries added together liability is only around 11 trillion dollars.

Zig   Kaperoni : Hi Kap.....gonna have to start charging you rent here..... :na;

Baxter   The U.S.... has about 2.7 Trillion Dollars in the world...and we are over 22 trillion dollars in debt.. yet our dollar is the most used in the world...

Kaperoni   Baxter well even if you used your numbers they're still less than Iraq at a one-to-one RV so what does that tell you? It should tell you that Iraq could never RV at $42 trillion

Baxter   can the u.s. cover 22 trillion... heck no

Kaperoni   And you think Iraq cover twice that much?

Baxter   no.. but the U S is doing just fine

Baxter   I dont think they have to cover anything

Baxter   its all digital numbers

Kaperoni   But Iraq would have the physical currency in circulation and the US doesn't have that much physical currency in circulation

Baxter   the U S is worse.... we are over ten times in debt than our total currency in the world

spankie   I think there is around a total of 240 trillion out there w all currencies in the world -

Kaperoni   There is a difference between debt and physical liability

Baxter   you are worried about covering the amt of money out there.. it doesnt work that way

Baxter   you are old school..... its not like that anymore

spankie   like a loan?

Baxter   not one country in the world has a positive flow of currency

Baxter   not one

Baxter   tell me of a country that has a profit

Baxter   there isnt any

Baxter   they are all flat broke

spankie   like usa- lol

Baxter   look at the mess in England...germany.... australia... venezuella..

Baxter   venezuella has the largest oil reserves in the world... flat broke

Kaperoni   Baxter there is much more to it then that you're simplifying things and that's not how the CBI works the CBI is responsible for managing monetary policy and keeping its stability any kind of significant RV would throw the entire monetary policy into chaos

Baxter   the CBI is in chaos now

Baxter   all of them

Zig   Kaperoni : Bring Enorrste with you sometime....for a chat.....

Baxter   i dont think the amt of dinar out there has anything to do with this at all

Kaperoni   Baxter not true at all they've held stability at the CBI for 16 months within 2%. Maintaining price stability throughout the country is important and that is what the IMF Works diligently with every country to do. That is what you read when you read these articles about stability

spankie   is the imf in charge or the central banks

Baxter   I can agree on a float... but not starting at 1160....

Baxter   but.. hopefully we will see

Zig   Baxter : Then starting at what?

spankie   .86

Baxter   86 cents... removing the three zeroes

Baxter   LOL

Baxter   beat me to it spankie

Kaperoni   spankie the IMF is part of the United Nations. There is an agreement with every member country that they will follow the directives as a member.

But Iraq is different as well because in December of 2015 they signed an agreement known as a standby agreement with Iraq to allow the IMF to be trustee over the CBI. If you look up the definition of a trustee you will see that they have control. And as a result, significant progress has been made at the CBI over the last few years in many areas

Baxter   maybe we will see someday...... who knows

Baxter   wont be this year.. thats certain

spankie   thx Kap- can they make a move without the imf?

Zig   Would you liken a "trustee" as a "boss"......or less?

Kaperoni   Baxter well we can beg to differ but if you believe that they are going to diversify and create a market economy then there will be substantial investment coming into the country. Which will create a significant amount of pressure on the financial system to maintain stability and so the CBI will need to float the currency in order to maintain stability.

When I mean stability I'm talking about price stability. So they will need to have a lot of room per se to allow room for the currency to appreciate during that economic boom

Baxter   well... we have to get stability first in any case...and its not there now.....

Kaperoni   spankie I'm sure they can make a move without the IMF but Iraq is an emerging market and they want to be part of the UN and they want to be part of the IMF and they want the world to do business with them so it would be probably foolish to make a move of any kind without consulting with the IMF first

Kaperoni   Baxter they have Financial stability but you are correct they do not have stability with the citizens

spankie   wonder how stable- just government all placed-

Baxter   there are many..many countries on the verge of flat bankruptcy... the money system in the world is a mess.. our own fed govt is putting in 60 billion dollars a month.. to keep us afloat...

Baxter   60 billion a month..

Baxter   thats all Iraq has...and we are doing that every month

spankie   q e 4

Baxter   and its all paper money.. there is nothing to back it up

Kaperoni   Sorry I got to run I stayed longer than I should but it was a good talk have a good day everyone

Baxter   by Kap

spankie   I believe Iraq will never be stable - I think they will ad stability with value- the riots are saying alot

Baxter   I agree...

Baxter   bring on the riots....maybe they will help

spankie   poor and broken w no homes adds chaos

Baxter   especially when they see these diplomats living in luxury

Baxter   this has been going on for decades..who wouldnt be tired of it

spankie   value will show investors Iraq is open for business

spankie   way it is nothing will move forward

Baxter   nope

Baxter   its just not working

spankie   .86- laterz- food

 

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