Thanks My Ladies for letting us share from your Private Chatroom:
HG: So here's a question: If your goal was to re-claim some dinar currency and maybe have an influx of currency -- is 2 billion worth (USD) enough to provide that stimulus?
And if it is how long will it take for Iraq to sell that amount of bonds?
Will it probably happen right out of the gate? If so then it wouldn't surprise me for the second step to happen just as soon as the 2 billion worth of dinar has been sold, i.e, hopefully even early August. Does this make any sense ??
PrincessDD: Mary is the bonds equal to the dinar value?
Also if they sell part of the 5 billion in bonds in dinar and later sell them later or by the end of the year in USD, to countries and banks and investors, and we know the bonds will give the dinar value do they stand a chance of bankrupting the country at the 1095 rate?
If it were to come out at 1.00 it would still cause a country collapse so how long could they reasonably leave it at that rate? Im rolling things in my mind today after last nights call.
It would seem that an hour at that rate is financial suicide. I may not get the full picture but dont see how they can pull that off without some huge problems.
If they are going to sell them in dinar who would have the dinar besides us for them to sell them in the dollar?
Princess DD: I guess many countries are holding dinar too and that is how they would get it back, once those countries buy the bonds in dinar.
MVL: Nova had a great explanation about that last night, and I failed to adequately record his comments. I know he said it's not a good idea to buy those 1095 bonds now, using IQD, and waiting for the interest payment in USD, but that if a different scenario were to present itself, like using the same currency in and out of the deal, then there's a big difference.
My guess is we would not want to chase pennies using a currency potentially worth a whole lot more, then take the return in a different currency, also not worth nearly what we hold now, waiting on its rise.
I apologize in advance if I messed that up beyond recognition.
PrincessDD: In the next five days if they lowered by 2% we would be at 1097 on the 4th day (our Saturday night) does that have any significance?
1166 then day 2 it will be 1142 and day 3 it would be 1119 and then day 4 it would be 1097.
just looking at some math.
MVL: I'm going with Martin Armstrong's assertion that pegs don't last. They can, and do, get yanked at any time. An example would be the Swiss, earlier this year. Only two days after publicly stating the peg was a central part of their economic foundation, it was pulled out faster than a cotton rug from a linoleum floor.
MY LADIES: OK PRINCESS HERE WE GO...CAN SOME ONE DO THE MATH ON 2BILLION USD AT 1095 =???
MVL: A little over 1.8 million USD
MY LADIES: Princess DD: <<< Mary is the bonds equal to the dinar value?
NO PRINCESS THE BONDS ARE EQUAL TO 2 BILLION USD. THEY ARE SELLING THEM IN DINAR AND THE WAY THEY DO THAT IS NOT TO PEOPLE HOLDING DINAR OR TO COUNTRIES WITH DINAR IF YOU WANT TO BUY THEM YOU GIVE USD AND THEY MAKE THE CONVERSION INTO DINAR, SAME AS IF YOU WERE SHOPPING ON LINE IN GERMANY OR ANY WHERE ELSE.
I’M NOT SURE HOW 1095 WILL BANKRUPT THE COUNTRY BECAUSE THE COUNTRY IS NOT FOR SALE.
THERE ARE HUGE RULES IN PLACE FOR INVESTING, BUT AGAIN IT’S THE SAME LIKE IF YOU WENT SHOPPING FOR THINGS IN VIETNAM THEIR CONVERSION IS MUCH WORSE THAN THE DINAR BUT YET THERE IS LITTLE CHANCE OF BANKRUPTING VIETNAM.
THE 2 BILLION NOW IS BEING SOLD TO RETAIL INVESTORS THAT IS PEOPLE LIKE US, REGULAR PEOPLE. THE BALANCE WE DON’T KNOW HOW THEY WILL SELL THEM I’M ONLY GUESSING THEY WILL SELL THEM TO INSTITUTIONS LIKE THEY HAVE DONE TWICE BEFORE.
OK NOW IF THEY REPRICE TO $1.00 IT WILL CRIPPLE THE COUNTRY AND THE PEOPLE WILL BE IN ROUGH SHAPE FOR ABOUT 2 YEARS. ANY MOVE OFF OF 1166 WILL BE TOUGH FOR THEM.
MY LADIES: PrincessDD: In the next five days if they lowered by 2% we would be at 1097 on the 4th day (our Saturday night) does that have any significance?
1166 then day 2 it will be 1142 and day 3 it would be 1119 and then day 4 it would be 1097.
THIS MATH CALCULATION IS MOVING AT 0.02 CENTS, THAT IS WAY WAY TO MUCH, CURRENCY ONLY MOVES 1/100TH OF 1% DAILY
MVL: 2 billion USD, buying IQD at a rate of 1095, is 2.19 trillion IQD...wow...
MY LADIES: RIGHT MIKE THAT MATH IS BETTER….THE GOI NEEDS TO GET DINAR FROM SOMEWHERE, THE CBI IS NOT GIVING IT AWAY...THEY HAVE PLENTY OF DOLLARS ALREADY
MVL: So...these bond sales are like bait to bring IQD liquidity home to the CBI, where it can be more effectively controlled...?
MY LADIES: NO! HOME FROM WHERE???
THESE BONDS ARE TO GET DINAR FROM THE CBI AND INTO THE FINANCE MINISTER POCKETBOOK
AVERAGE JOE INVESTOR IS NOT WALKING AROUND WITH DINAR IN HIS POCKET HE WILL GO TO THE CBI WHO IS SELLING THE BONDS FOR THE GOI AND GIVE THE CBI, USD OR EURO, OR YEN OR PUMPKIN SEEDS AND THE CBI WILL CONVERT THAT TO DINAR AND PUT THAT AMOUNT OF DINAR ON THE FINANCE BALANCE SHEET
Rocket Rich : They are creating DEMAND for the IQD by selling the bonds….The IQD now has a purpose.
MY LADIES: THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS
RIGHT RICH… AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS
IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON.
RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT???
SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE.
THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED.
MVL: Yes. And this process requires then the IQD to be international.
MY LADIES: ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON!
IF YOU RECALL I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON.
I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING. AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST
Sager: Mary would it make sense for the IQD needing to reflect a reality rate (like they stated - to go back to the 90’s) by the time the new SDR is to be launched in Jan? Actually, not only the IQD, but all currencies?
Like I mentioned on the call last night, perhaps that’s why this particular process will be starting beginning August…
MY LADIES: YES SAGER I WOULD THINK SO.
JP: Starting to get real NOW!
MY LADIES: I JUST DON’T UNDERSTAND WHY DINAR LAND CAN NOT GET THE CONNECTION BETWEEN IRAQ AND IRAN. THEY ARE NEIGHBORS AND FRIENDS AND BUSINESS PARTNERS FOREVER.
FOLKS WANT TO BLAME MALIKI AND SAY HIS TIES TO IRAN ARE BAD BUT HERE WE SEE ABADI SPEAKING OUT CLEARLY IN DEFENSE OF IRAN.
Economic sanctions against Iran crime: Iraq PM http://www.presstv.ir/Detail/2015/07/27/422160/Iran-Iraq-Zarif-Abadi-nuclear-agreement
Iraqi Prime Minister Haider al-Abadi says the economic sanctions imposed on Iran are a “crime”.
Abadi made the remarks in a statement which his office released following the Iraqi premier’s meeting with Iranian Foreign Minister Mohammad Javad Zarif in Iraq's capital, Baghdad, on Monday.
MY LADIES: OK HOLD ON I HAvE OFFICAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2 HOLD ON
Call Iraq Stock Exchange to provide trading system offers online
07/28/2015 10:42 http://www.isx-iq.net/isxportal/portal/storyDetails.html?&storyId=2866
OK NOW LOOK HERE WITH ANNOUNCEMENT THE TOP IS IN ARABIC AND IT SAYS ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE.
SO LOOK IF YOU CLICK THE LINK IN MY POST IT WILL OPEN A PDF THAT IS WHAT YOU JUST POSTED
AW: Mary,...as with the bonds, it appears that now the ISX is moving outside of the borders of Iraq and the only way they could possibly do so is if the IQD (which they have in common) is going to be traded/move freely on the world currency markets.
Dale: Alan, Mary so stated earlier: trade these bonds across borders (yen, Euro, Peso) means that the conversion switch has to be turned on…
MY LADIES: OK ALAN SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX.
Sager: This is incredible!!! I’m super excited about this!! This is the start of the IQD movement on the international stage!
MY LADIES: WE NEED TO SEND THEM OUR INTENTIONS AND WHO THE BROKER WILL BE
VERY MUCH LIKE SAUDI IS DOING WHILE IT IS OPEN TO FOREIGN INVESTORS THEY ARE REMAINING GUARDED AND SELECTIVE
Hummingbird: Mary would this be broker applications or individual people apps
MY LADIES: NO NO NO ...BROKER APPLICATIONS... BIG BIG BIG BROKERAGE HOUSES
Hummingbird: Would brokers be getting some kind of notification that this is available
MY LADIES: THEY JUST DID
Sager: Mary there’s no porcupine around here, right? (Porcupines burst balloons)
MY LADIES: NOT AS FAR AS I CAN SEE SAGER...YET...
Sager: I feel grounded regardless, but this is awesome :)
IQD NOVA: THIS IS TRULY REMARKABLE EVIDENCE OF WHAT WE WERE TALKING ABOUT LAST NIGHT!!!
EXCITING TO SAY THE LEAST!!!
Sager: So we should see 1095 around Monday?
PrincessDD: Maybe our Saturday night