Post From Wealthwatch.world Chat Room 7-2-15 Early Afternoon Part 2 of 2
Doug_W: SOS DD Jar
sczin11: GOOOOOOOOD AFTERNOON EVERYBODY...HOPE ALL ARE WELL
chattels: ‹@OOTW› that must be one of those laws that is going to be enacted through the executive powers, eh ? LOL
chattels: ‹@OOTW› or maybe just voted on one day with any prior readings ? What a joke !
TxBrand: how do they become internationally accepted ? Some say they already are? What law needs passing for this ?
Donnie: Iraq - "just throw the Gas and Oil Law in with the rest so we can just pass them all at once - no one reads this anyways" lol
OOTW: ‹@chattels› LMAO
Doug_W: geee Donnie are they following the U S lead on that?
chattels: ‹@TxBrand› there is a limited and " private " market for the IQD. Brokers and individuals will buy it from you, but no bank will exchange it for value or loan against it as collateral, so........................... acceptance ?
sczin11: WXCUSE THE INTERRUPTION PLEASE... WOULD LIKE TO REPEAT A POST FROM EARLY MORNING, FOR THOSE THAT HAVENT SEEN IT IN FORUM...A SHORT PSA...
TxBrand: ‹@chattels› I know... but how does that come about... banks handling it ?
[03:33:53 PM] sczin11: AS WE APPROACH THREE WEEK ANNIVERSARY SINCE LAUNCHING THE SITE, WEALTHWATCH.WORLD HAS GROWN FAR BEYOND EXPECTATIONS....
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ON BEHALF OF THE ADMINISTRATION OF WEALTHWATCH.WORLD, I WANT TO THANK YOU ALL FOR YOUR CONTRIBUTIONS, AND ENTHUSIASM.... sczin11 Content originally from wealthwatch.world
chattels: ‹@TxBrand› only banks with a foreign exchange department
chattels: those banks will give money for IQD when they can get money for it elswhere
TxBrand: ‹@chattels› so it will never be exchanged in the US at our banks ?
jarhead: ‹@sczin11› so u sayin we cant talk bout u?? :silly:
chattels: those banks make money on the exchange by charging you / me a %( the spread )
chattels: ‹@TxBrand› we hope so or otherwise we must find another source to exchange
whitelions: ‹@TxBrand› yes as soon as it rv's the banks will pick it up again and you will beable to exchange your dinar with them at a % most time's it's 2 %
TxBrand: ok... but if you go to the currency exchange at airports... they don't take dinar... they wont exchange it.... will that ever happen ?
whitelions: you can tank okie and people like him onver the years for the banks dropping it even as a thinly traded currency
chattels: IQD may be classified as an exotic currency for which the banks currently charge in excess of 20 %
whitelions: ‹@TxBrand› only if you call them first to see if thay have the money to exchange what you want
chattels: ‹@TxBrand› we are all " betting " that the iQD will be acceptable / exchangeable by us for more than what we paid for it
TxBrand: My husband works at the Airport... and he took a dinar to just see if they would exchange it... they said it wasn't on the Market yet... that's what im asking ... when will it be on the Market... are there currencies that are never put on the Market ?
whitelions: now that's a horse of a different color
whitelions: it will be on the market when the value go's up
chattels: ‹@TxBrand› we do not know when,if ever, so it is possible that we may never realize any value on our IQD
whitelions: and I'm glad they said yet lol
TxBrand: ok... but are there some currencies that never make it to the Market ?
whitelions: ‹@TxBrand› your right and that's why this is a speculation we are betting that it will raise in value
TxBrand: ‹@chattels› not really asking when... was wondering if yall knew how they get on the Market
chattels: ‹@TxBrand› i expect so, but i cannot give you any specifics " off the cuff "
whitelions: we are betting on what we see in the news and what is happening in the country that it will raise in value and the sooner the better
chattels: ‹@TxBrand› there are countries that cease to exist and their currency has no value
chattels: or a new currency is issued
whitelions: you are asking when because as the it comes on the market it will have rv'ed
Doug_W: ‹@whitelions› quit cussing
TxBrand: ‹@whitelions› so you saying the act of revaluing will put the on the Market ?
whitelions: ‹@TxBrand› yes
Doug_W: we are about to get our afternoon COOLING thunder storm here now
OOTW: ‹@TxBrand› I CANNOT SPEAK DIRECTLY TO THE IRAQI QUESTION, BUT FOR EXAMPLE, OUR CURRENCY TRADER AT OUR AIRPORT, DOESN'T EXCHANGE EVERY "INTERNATIONAL" CURRENCY
whitelions: I still like the fact that they told her husband that it's not on the market YET
TxBrand: ‹@OOTW› ok... so there has to be a reason... all others that they don't exchange must be exotic ? right ?
jazzyblue: same here doug
jazzyblue: gotta love those afternoon storms lol
whitelions: as much as I research and post the news a little hopeum feels good lol
TxBrand: ‹@whitelions› that was 2 years ago... he may not remember exactly how they worded it
Doug_W: swo would some whampum
whitelions: ‹@TxBrand› darn there gos that hopeum lol
TxBrand: ill get him to do it again... he said he would :laughing:
TxBrand: but you gotta remember they people that work there really don't know what they are saying lol
whitelions: ‹@TxBrand› I don't think you need to put him through him they are moving in the right direction and thery're moveing fast now if we can get more people to move away from sol
TxBrand: well he walks by it everyday... lol
Doug_W: ‹@TxBrand› its not time YET tho
Donnie: so the Iraqi House of Representatives writes a law then sends it to Council of Ministers for the first and subsequent readings and a vote?
OOTW: ‹@TxBrand› YES I WOULD THINK SO BUT I'M NO AUTHORITY
OOTW: HI WHITELIONS A LINK WHICH MAY BE OF INTEREST TO YOU..NOT SURE..LOL wealthwatch.world/showthr...
sczin11: CONGRATS WEALTHWATCH.WORLD 504 MEMBERS IN 3 WEEKS
Doug_W: good job to all!
Doug_W: was 496 this Morning
sczin11: ‹@Doug_W› yes
OOTW: YAY THANKS SCZIN11!
whitelions: Najib: The Central Bank will be put through this month, category 50 thousand dinars...... BAGHDAD / Baghdadi News / .. MP announced the parliamentary Economic Committee Najiba Najib, Thursday, that the 50 thousand dinars category will go on the market this month. www.theiqdteamconnection....
whitelions: ‹@OOTW› OK THANKS
OOTW: She added that "there is another category, which is 100 000 dinars will go after the launch of the 50 thousand dinars category, while the special measures for the completion of that category, and make sure their advantages and disadvantages." It ended 21 m / s. SOURCE "and make sure their advantages and disadvantages." THAT'S THE BIGGEST IF
jarhead: @donnie shup here too
Donnie: ‹@jarhead› lol
jarhead: ‹@sczin11› did u hear me?
whitelions: ‹@OOTW› THEN THEY COME OUT WITH THIS sorry about the caps I'm working in them .... For this reason Daash prevent the circulation of 500 dinars a class of Iraqi currency www.theiqdteamconnection....
[Donnie: IRAQ HAS SOLD SOVEREIGN DEBT TWICE BEFORE. THE FIRT TIME WAS 2009 AND THEY WERE AT 6% FOR 10 YEARS THROUGH JP MORGAN AND THE SECOND TIME WAS IN 2013 AND THEY WERE 5 YEARS ALSO SOLD THROUGH JP MORGAN AT 8%
Donnie: so Iraq selling bonds isn't new.... remember please i've only been in this for 10 mos today
sczin11: ‹@Donnie› HAPPY ANNIVERSARY
OOTW: TY WHITELIONS
OOTW: WL THIS IS GOOD PROOF THAT THEY'RE ENACTING LAUNDERING/COUNTERFEITING MEASURES TYVM
whitelions: ‹@OOTW› I agree
Donnie: If China is accepted by the IMF, it would become the first emerging market country to join this elite club, along with the likes of the U.S. dollar, British pound, Japanese yen, and euro. But the story gets more interesting… In order to join the club, China must reveal to the world one very important piece of information that investors have been wondering about for years. How much gold does China actually hold as part of its reserves?
Doug_W: G L with that Donnie
Donnie: ‹@Doug_W› i'm just reporting the news.... do as you wish with it lol
Donnie: ‹@OOTW› ‹@whitelions› If China goes with BRICS and AIIB then do they also have to be in the IMF or not need to be in IMF?
sczin11: ‹@Donnie› MY QUESTION WOULD B, IF THEY GO EITHER OF THOSE ROUTES, CAN THEY GAIN FULL ASCENTION TO THE
sczin11: WORLD TRADE ORGANIZATION
sczin11: THE WTO
Donnie: ahhh yes - i forgot about the World Trade...
Donnie: Can this world end up with 2 world trade organizations?
Donnie: some countries in one and some in the other?
sczin11: ‹@Donnie› cant see how that would benefit global trade economics
Donnie: just the opposite IMO - what a mess
whitelions: ‹@Donnie› I don't know the answer to that because Brics is not recognized by the world yet
Donnie: ‹@whitelions› TYVM
whitelions: ‹@Donnie› all the countrys getting in to Brics are ether 3rd world or very heavy stationed and I can't see china not want ing to join the big boys in the financial world
whitelions: and right now brics is not one of them thats not to say way way down the road they couldn't be but not now
OOTW: ‹@Donnie› I'D BE SURPRISED SINCE THE IMF'S SAID THAT THE YUAN IS GOING TO BACK THE SDR, THAT CHINA IS NOT/WILL NOT BE PART OF THE IMF