[Josey Wales] I pledge Allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, indivisible, with Liberty and Justice for all..................PLEASE PRAY FOR OUR TROOPS PAST AND PRESENT.....THEY ARE TRUE HEROS!!!!
[spades] josey wales I just read on recaps from mig members about a 3.66 rate for iqd have read it and where the heck are the getting that they say do the math . but it doesnt seem to make sense to me
weneedit] spades thats the rate I have had in my mind from day one
[Josey Wales] spades The Iraqi Budget was approved at $3.76.....$3.22 plus 20%......This is my baseline......I will be happy with that. But consider that Iraq and Kuwait share the same oil fields. Kuwait has a stable currency in the $3+ range. Kuwait will most likely RV as well.....I predict $4.00+
[bryan1972] Josey Wales do you have any idea how some are coming up with double digits?
[geoworld] Do you really care about a budget I DON'T just RV
[Josey Wales] bryan1972 I love the double digit talk....I'm there if it come out at that.
[bryan1972] Josey Wales I agree!!
[bryan1972] Anything over a nickel will be more money then I have ever had!!!
Read More Link on Right
[johnniejones] The Three “Super Currencies” of Tomorrow There’s a trio of currencies that you must include in your portfolio today. Backed by solid fundamentals in countries that rely on growth, not artificial monetary stimulation, these three currencies operate on an entirely different playing field to the dollar and euro. And they’re set to undergo huge revaluations in the coming years. Let me show you why. First up… ~ Currency #1 – Chinese Yuan: As the dollar and euro decline, the Chinese are busy plowing the yuan into assets that increase in value. Things like mines, factories, other currencies and natural resources. At current levels, the yuan is a bargain. Of course, the Chinese government deliberately sets the exchange rate artificially low – rather than allowing it to float freely on world markets – in order to profit from Chinese goods and services. With the world balking at this arrangement, the Chinese will have to revalue the yuan in a big way over coming years.
[clubber3] GM everybody, just saw Blaino back on his horse re: RV and ATN. I hope he's right
[Capt Ron] I also just now read through Blaino's post in Recaps. He has two basic comments. 1) Maliki has dropped charges against Shabibi. 2) the original charges were trumped up out of thin air so as to reduce 'rv enthusiasm' during our close US election campaign.
[Capt Ron] As to his first point, I'll be interested to see proof that indeed those charges were dropped. If so, that would explain the total absence of global reporting of such a major event (wait, what am I thinking. News doesn't get accurately reported in our new world, but I digress).
[watercolor] Capt Ron How true!
[Capt Ron] As to his second point, I am not convinced at all that this purported false charge-dropped charge against Shabs/CBI would have anything at all to do with currency market management of expectations. Prove it to me.
[OKCRN] Capt Ron Yep....I think Blaino's #2 was trumped up out of thin air itself.....
[Capt Ron] OKCRN, also, the premise has always been that we retail dinar owners are but a mere sideshow in the supply and demand for the iqd, no?
[OKCRN] Capt Ron That's what we've always been told....we are nothing in the scheme of things....
Capt Ron] If I were forced to identify something in the news to give comfort of an impending global currency revaluation, it would be.....
[Capt Ron] ....the seeming lack of reluctance or fear in our present administration as to borrowing money/issuing new debt. Also, Harry Reid doesn't seem to mind the blocking of any annual formal budget for our country for years now. Continuing resolutions seem to mask our insolvency adequately enough for our democrat led Senate.
[RickeyT] Capt Ron the afl-cio says don't worry about our debt
[Capt Ron] The ONLY thing I can see on the horizon that will address, even in the medium term, our global insolvency, is the relegation of global debt and the revaluation of currencies to go with that. What ELSE can someone name that could fix that global insolvency?
[Capt Ron] renegotiation
[RickeyT] Capt Ron or the devaluation of currency to pay off the dollar figure owed
[Capt Ron] yes
[RickeyT] Capt Ron out of 16+ trillion owed, only 1.3 is to China
[Capt Ron] And to include global forgiveness of debt at the same time...kinda like a global chapter 11. Driven by newly accounted for oil wealth in Iraq.
[xyz] Shabibi-> Ex-Iraq bank chief says govt wants reserves "Since 2009, they wanted to fire me, and they wanted money from the reserves," "And of course, they say that there are differences in exchange rate policy. I don't think these differences require firing the central bank governor."
flashing] Baghdad (AIN) –The member of the Parliamentary Security and Defense, Hassan Jihad, revealed that "The negotiating delegation with Russia over the armament deals was changed according to a request by the Premier, Nouri al-Maliki." Speaking to All Iraqi News Agency (AIN), he said " There are indicators of corruption over the deals with Russian for the arming the Iraqi Army where Maliki requested to change the negotiating delegation with Russia where this is a kind of flexibility." "The issue of dismissing the Russian Defense Minister by the Russian President may be related to this issue," he added.
He considered "The Maliki's presence in the negotiations over arming the IA is very dangerous issue," noting that "This issue might be discussed in the parliament. Earlier, the head of the Parliamentary Integrity Committee, Baha al-Araji, announced that the Committee sent a request to Maliki to cancel the armament deal with Russia. /End/
[redhead1] flashing-thank you for the information - it sounds like Maliki is continuing to be a force they are going to have to deal with but glad he did not get to the reserves while Shabbi was gone - what are you expecting on timing for the RV to occur and is Shabbi back in Iraq
[redhead1] flashing - I saw the post regarding the VND being authorized to RV but waiting for the IQD - will Viet Nam continue to wait or do you think with their coming tourism season they will go ahead and RV possibly this weekend?
[flashing] redhead1 rumors = next week , imo = next month or later
[flashing] ~healthy3 just my opinion. could be wrong. there are strong rumors about next week
[~healthy3] flashing please not next month or later...the world needs it now
[weimar] flashing there were strong rumours about this week..........................
[sananddan24] Flashing what happen for tonight?
[~healthy3] flashing - I like that thought better. No offense.
[flashing] redhead1 imo nothing will happen this weekend
[flashing] weimar you said correctly rumors :superlachen:
[weimar] flashing point is, that everyone says 'soon' but it never is actually close
[Cyndee49] Who Posted that Vietnam had been given permission to RV?
[redhead1] Cyndee - I did and it came from Poppy3 in Recaps
[flashing] weimar rumors = guessing
[bamanana] Did you give time frame for vnd RV?
[2012jesus] flashing welllllllllllllllllllllllll saidddddddddddddddddddddd
[Cyndee49] Thank you will go read it too. I am certainly hoping something happens
[redhead1] bamanan - just said they can do it whenever they want - China has also signed off for them. I keep wondering what has happened to news on Madame Wu???
[2012jesus] it will happen ,,but,,,when,,,, know one knows ,,,,,truth
[bamanana] Still makes no sense that vnd could go before dinar. ??
[bamanana] RV is icing on cake. We must concentrate on cake and hope icing comes
[flashing] people you need to understand that only a few people know when this going to happen and they will not tell to anybody because they are under confidential agreements or gag orders which preclude them to do that. So everybody is just guessing . Intel = guessing . Thats it
[Precious] 11-8-12 BGG: Shabibi is to be back there today to defend himself. He has all of the paperwork to clear himself. A few years ago, someone attacked the CBI and the only thing they did was set the records on fire. What does that tell you? Someone had something to cover up, same deal right now. What leads me to believe that this is a fabulous investment is Maliki trying to take over the CBI and the currency & he tried to have it revalued.
You don't try to steal something unless it has value. For those who say it's out of Iraq's hands, they are kidding themselves. Iraq has a big hand in what goes on. Does Iraq control everything? No. Is it exclusively out of Iraq's hands & in someone else’s hands? Pure foolishness. Are there are 10 or 12 power players bumping heads to see if they can get their way? Absolutely.
There are several influences on the outside & several on the inside. There is a real serious power struggle going on. Theoretically, Maliki could come to the table, sign everything, get the power sharing done, seat the ministers and all that could get done in 48 hours.
I fully expect all this to work out.