Millionday Roundtable 6/16/14 Part 2
Welcome To Monday Roundtable With Millionday!
wilson6060] M gone would perhaps equal (in some way) a stable gov.... just a thought.
[millionday] the economic transition may actually help due to the opportunities that come with it
[radronin] Sczin- totally agree, instead of 30 killed a day, it will go down to 15!!
[popeye7] This situation has worked on my relative because they believe I have been fooled into believing this investment is all for nothing...
[lstar877] I still believe it'll revalue this month
[millionday] there is talk of the air force and of course we know about the marines being in the water -- this is too expensive to let it go to waste for the many countries invested in their change to democracy
[radronin] Amen MD!!
[popeye7] But I know that I will be the one that giggles last... I do not want to rub it in too much...
[millionday] the thing is that it is always in the interest of other countries to protect their investment --- and then the people as well -- but it seems they are all looking for economic reasons to help --
[millionday] it sounds sad but reality is sometimes smile
[Dego] clay I can attest to that grew up in Germany after the war...
[millionday] brb with more
[magik] MD to that point, if other countries have forgiven Iraqs debts on the promise of a revalued dinar, they definitely have a vested interest in peace and stability over there
[jbjb4] clay - Egypt has experienced serious turmoil the last couple of years with a fraction of the Iraqi reserves. Different type of turmoil in Egypt, but still problems to say the least. There are a few unstable governments in the Middle East at this time. The CBI can still make the currency internationally convertible with more value.
[ernier] magik but is that even true or,is it just dinarland speculation?
[magik] Meier. Ha....that's why I used the word IF. I don't know if true. I think poppy has eluded to it.
[lstar877] The revalue might help people be happier and more stable
[clay] Dego thanks
[popeye7] It is all about control of resources, and how a country is governed... The people do not matter to those truly controlling the situation... Looked upon as calateral damage... Sad world, but the reality of it...
[ernier] magik good point - no ink - no believe - in ink I believe about 10% lol
[jtank] MD any custodian bank for the ISX?
[chattels] The Iraqi Supreme Court Certifies the 30 April General Election Result by Reidar Visser It’s official: The provisional result of Iraq’s 30 April general election, published last month, has been certified by the federal supreme court. In the IHEC statement to this effect, there is a caveat.
4 seat winners have not been approved, and won’t be approved until they have been cleared of charges relating to serious crime cases against them. Pending settlement of the court cases, their membership in parliament will remain pending, and no replacement deputies will be appointed.
Whereas this may sound somewhat messy, it is actually what happened also in 2010, when 2 seat winners were provisionally excluded. Back then, it took longer for parliament to reconvene than for the judicial authorities to settle the cases, so no procedural problems emerged. Read more : http://gulfanalysis.word ··· -result/
[millionday] chattels thank you - yes we had that in a report last night and also had one stating that the results would be released within two days -- great news! ok brb with that other report too
[blossom] millionday I would like cookies with that cake too pls lol
[wilson6060] can they seat the rest of parliament with this hold up
[chattels] Visser is the expert on what the four pending seats mean.
[jtank] ? MD-Anything on a custodian bank for the ISX ?
[awesomedtl] If four are up for charges they should be automatically taken off the list!??? The gov can't now wait for them to be cleared!!!
[wilson6060] can they seat the rest of parliament with this hold up
[quicktolegit96] is one of them M???
[millionday] wilson6060 they have gone through the appeals process and have all the names and will release them within a couple days
millionday] the thing is this -- the election results have been sent to federal court to be released
[millionday] the four have pending charges and it may come out that more do because of the fraud investigation they are referring to
[millionday] here we go - kurds working with them is always good
[millionday] The Deputy Secretary General of the Patriotic Union of Kurdistan (PUK), Dr. Barham Salih, the need to stand in the same trench generally terrorism and gravity.
channel quoted Iraqi Dr. Barham Saleh as saying: "The threat of terrorism requires all of us to stand in the same trench against him." added Dr. Barham Salih by saying: "We will face Takfirism and everyone demands PAUSE national and work together to eradicate terrorism."
millionday] here is more on the basket of currencies -- He pointed out that "cash tool to ensure the right of possession of the goods and services at any time and place, and because of the different types of currencies in the countries of the world, there are currencies have gained strength from the economy of this country comes the U.S. dollar at the forefront of the currency,
which represents the U.S. economy nearly 20% of world exports Then comes the euro as well as the Japanese yen and the pound sterling other than gold and silver, a so-called basket of currencies.
" He pointed out that "the exchange rate of the currency basket is considered a low-risk and change, there is a currency price declines and other price rises have shown a basket of currencies that it is due to the absence of a monetary unit the Common taken by traders as a basis for calculation,
which are in the framework of international payments and this leads us to the identification of the exchange rate and the international monetary syste
[millionday] note -- the results of the change in the value is a new price index as well for the country
[millionday] The economic reports that the U.S. dollar is a currently almost 86% of the volume of daily transactions in the global market for foreign exchange, which amounts according to the latest statistics by the financial crisis to more than three trillion dollars a day, and the rest is traded in euros and to a lesser degree in other currencies.
It is noteworthy that the value of the dollar declined during the last 12 years by 40 percent for the Swiss franc, and 30% for the Japanese yen, and 25% for the euro, in addition to the large fiscal deficit in the United States did not stop at the borders of the loss of confidence in its currency, the backup, but also led to a surge levels of U.S. public debt
[millionday] they are making a point here of how important the decision is and why they want to peg the dinar to the sdr basket -- the risk and debt taken on by the US is huge and so is the fluctuation of its value as we have discussed
[millionday] the best thing is that they are stating they are moving to this point -- next --- obviously CBI has been very quiet -- i like the idea as they do to come out at the highest rate they can
[rod86018] just a couple of weeks ago did we not see that they said time is to short to use the basket, peg to the dollar now and work on getting a basket pegged to later?
[millionday] rod86018 yes we did --
[MGM] Sounds like a number of currency's will be revalued.
[lstar877] I think its their next logical step in order to trade with the world.
[millionday] they said there was not enough time at that point
[pinklady] millionday They want the highest rate and they don't want to fluctuate? Right?
[millionday] no they are talking about the representative currencies of the basket
[rod86018] millionday makes sense, working on it......
[lstar877] Mgm arent they just comparing to a group if currencies for accurate value but not necessarily changing the value of the basket of currencies? Millionday do I understand that correctly?
[millionday] they dont want another country to affect them and how they fluctuate or at least as little as possible -- so they are saying an average would be better to have
[millionday] rod86018 right -- they are talking about it and working on it and demanding it -- we like all of those -- but now just do it
[pinklady] Thanks, didn't understand.
[Dego] they are looking for the most leverage they can get for the Dinar....
[rod86018] millionday yes, do it......NOW.......
[letsroll] lstar877 i think thats correct
[millionday] tbob it must be a mistake
[millionday] Dego exactly
[NRICHARDS] Dego Good business
[millionday] pinklady yw all the time hun
[tbob] millionday hope not lol
[graylnjo] MD... translate please! I just don't understand this basket thing :? Hope it's GOOD!!!!
[jtank] Md anything on custodian bank or the ISX
[lstar877] Ok i think its for comparison. So as to not to value the dinar based on one currency but to give it an average of many countries. I believe it to be more accurate that way.
[millionday] right -- it is the business of the country -- if we look at it like that -- that is how we can separate the two issues going on with iraq --- they have terrorism and fighting in the business and also the accountant and wealth manager are doing their job
[rod86018] diversification......is a good thing to keep currency stabilized.
[dovi] doesn't sound like float to me
[NRICHARDS] graylnjo security for their currency
[graylnjo] Thanks everyone!!
[popeye7] dovi.. No it does not..
[Dego] the timing of this report smells like it is coming up soon in conjunction with the new Government...
[millionday] graylnjo the basket is the value of the most used currencies for trade and it gives an average instead of just one currency value to compare to while doing trade --- the rate is more stable
[letsroll] tbob the daily currency auctions reflect 1166 not sure whats up with xe
[millionday] they have had a mistake before on some currency trading sites
[MGM] MD Didn't They said some currencies in the basket will go up and some will go down depending on their financial position?
[popeye7] With all of this orchestrated chaos, something great is going to transpire once the smoke clears folks.. :}
[lstar877] I remember (if I remember correctly) Turki saying some time in January that economic reform would be most advantageous before the new government sits so they start off on the right foot.... unless I dreamt that I remember it
[jarhead] Hope so
[Dego] mgm...but the value is based on the average of the whole basket....therefore more leverage..
[popeye7] dovi lol
[dovi] popeye7 lol
[millionday] yes and they wont fluctuate the sdr as much as the US dollar does
millionday] Dego exactly
[millionday] Official government source confirmed that Jordan's imports of Iraqi crude oil have been frozen for more than 4 months as a result of the security conditions and Alaztrapat taking place in Iraq.
[millionday] The source said, according to the opinion, that Jordan was imported approximately 10 000 barrels of heavy crude oil of Iraq before he spoke disorders security blocked the flow of the article to the Kingdom, noting that the amounts agreed