Med (19:43:13): GANG I HAVE THOUGHT ABOUT THIS ALL DAY I DONT KNOW ANYWAY TO EXPLAIN BUT THE TRUTH AS I KNOW IT THERE IS A BATTLE GOING ON RIGHT NOW ON DO THEY REVAL OR NOT I KNOW WHY OR HAVE FIGURED OUT WHY
THEY DO NOT WANT TO REVALUE THIS YR THERE ARE REASONS THAT CBI IS BEING INVESTIGATED BACK IN MARCH OF 2009 WHEN IRAQ FIRST LEFT THE INITIAL SBA AGREEMENT WITH THE IMF MALIKI AND HASHEMI AND MANY MEMBERS OF PARLIAMENT BEGGED SHABIBI TO STOP SELLING THE DINAR AND WE HAVE DISCUSSED THIS MANY TIMES THAT IT WAS REDICULOUS TO KEEP SELLING OFF THE FUTURE OF IRAQ
THINK ABOUT THIS OK AND I AM GOING TO DO IT AS SIMPLE AS I CAN LETS SAY THEY HAVE 24 TRILLION IN HARD CURRENCY IN IRAQ AND ALSO ALL THE COUNTRIES WHO HAVE TAKEN IT IN TRADE AND ALSO THE VALUES OF ALL THE TRADERS SALES 24 TRILLION
Read More Link On Right
NOW IF THEY REMOVE THE ZERO'S FROM THE NOMINAL VALUE THAT 24 TRILLIONS VALUE GOES UP IF THERE IS NO LOP AM I RIGHT
mpw: hi med,,,,,,,,yes
Med:OKNOW I WILL TELL YOU WHY THEY DO NOT WANT TO REVALUE
THEY DONT BELIEVE THEY CAN AFFORD IT AND THEY ARE PISSED AT SHABIBI WANTING TO KNOW WHY WHY DID HE SELL SO MUCHT HAT HE HAD TO KNOW THIS WAS GOING TO BITE IRAQ IN THE ARSS WE ALL DID
NOW THIS IS UP IN THE AIR NOTHING I CAN TELL YOU AT THIS MOMENTIS FINAL NOTHING TO HAVE THE RV OR NOT TO THEY ARE LOOKING AT AN OPTION TO INCREASE THE VALUE BUT NOT DESTROY THE ASSETS
IRAQ HASFROM WHAT I UNDERSTAND IF THAT DOES NOT FLY THEN THEY ARE FORCED INTO AN RV THAT IS ALL I HAVE TO SAY RIGHT NOW
busman: so are saying iraq is holding 24 tril.out of the 33 tril. in circulation leaving 9 tril. outstanding?
Med:NO BUSMANI WAS USING AN EXAMPLE THAT WAS ALL
Roadrunner: the longer they go though, the worse it gets
Med: NOTHING WAS ACCURATE YES ROADRUNNER
Roadrunner: because the auctions keep happening
guardian: inflation has been in single digits for quite awhile, so yes, why has he not RV'd
TataTime: I thought a great deal of the currency was going to be held by govts who would exchange their IQD over time for oil
Med: THAT IS CORRECT GUARIAN AND TATA THAT IS I AM SURE TRUE
guardian: other then in april he was told to stop
busman: more reason for a sucker rate
Med: YES BUSMAN
SLCdinar: Med where does it say Iraq has to buy back their currency with anything in specific?
Med: IT DOESN’T IT IS NOT LIKE THAT IT IS NOT A BUY BACK
cookmarian: what does increase the value but not destroy the assets mean?
Med: I CANNOT SAY COOKMARIAN
Med: I AM IN A CONFIDENCE BUT SLC
Roadrunner: they also need confidence in the dinar in Iraq
SLCdinar: SO none of their assets are at risk then
Med: WHEN A CURRENCY GOES INTERNATIONAL THEY ARE OBLIGATED TO EVERY BIT OF IT OUT THERE
SLCdinar: sorry didn't mean to put it like that, meant for it to be a question
Med: I AM NOT UPSET
SLCdinar: so if someone wants to trade it back to them, thay could just say here is an oil voucher, Right?
Med: RIGHT NOW CORRECT NO LOL
busman: i'll take an oil voucher,lol
cookmarian: Rock and a hard place
TBar52: MED doesnt the GOI have to only back a percentage of it upon reval?
Med: INTERNATIONAL IS 20% BUT VERY FEW CAN THE U.S IS ONE AND I REALLY DONT KNOW WHO ELSE DOES REMEMBER 67 BILLION IS NOT ALLOT GANG
SLCdinar: thanks for your info and insight, I'm just gonna keep doing what I have been doing since 2004, I'll just keep waiting patiently to see what they do.
Med: IT IS ABOUT PATIENCE
busman: but it is growing med
Med: YES BUT THINK ABOUT TRILLIONS AND BILLIONS 20% OF ONE TRILLION
busman: a lot of zeros
Med: 200 BILLION
TataTime: What about the 800 bil in held assets overseas?
Roadrunner: Do we really know where the IMF stands on this? What their recommendation is to come out with- RV wise?
Med: THEY ARE NOT WORTH ANYTHING RIGHT NOW
TBar52: and didnt the IMF tell all the major holders of dina that they could not turn all in at one time
Med: SO THEY CANT BE COUNTED NO THEY WERE NEGOTIATING WITH THE US AND OTHERS
guardian: what are we going to do when January rolls around and we possibly find out it will be 2014?
Roadrunner: bad guardian!!
Med: GUARDIAN HMMMM I REALLY DONT KNOW
busman: med, guardian is starting trouble!
guardian: i was hoping you would decide lol
wrestler: sit still i guess lol watch the packers
Med: I AM GOING TO SAY THIS G LET ME PUT IT THIS WAY OK THEY SAY JUST ONE MORE YEAR
guardian: we could have a chatroom for humor only
Med: SO WE CAN TRY TO GET OUR CRAP COORDINATED THEN AROUND NEXT OCT SAME THING HAPPENS
guardian: sounds good
Med: HUH NO I MEAN THEY SAY
cookmarian: sounds likely
Med: OH NEXT YEAR
mpw: we wait we pray we believe thats all we can do
Med: 2015 I MYSELF AM STRONG ENOUGH TO TAKE THIS OVER AND OVER BUT HOW MANY OTHERS
busman: that is because we are tough med
TataTime: I'll probably go protest your grocery store
Roadrunner: in it for the long haul
Med: I AM ALSO
Chappy: me too
Med: I SAID WHEN I INVESTED
Roadrunner: no one said it was going to be easy
Big: We all have two options. Wait until they pull the trigger, or sell at market and move on with our lives. Simple as that
busman: i will see my 59th birthday, i'm good
Med: THIS WAS ALL LOST
adroberts: as long as we stay together we can deal with anything
surfsidedan: what a roller coaster ride this has been
Med: FOR SURE DAN
busman: agree adroberts
Med: REMEMBER I WAS ONLY ADRESSING GUARDIANS ? TO ME
guardian: i'll just let harry and pinckie post...and check in daily
Med: IT WAS WHAT IF FUNNY GIRL BRB
Caviar Dreams: I thought G was talking about the party....Jan is hard
adroberts: we have come this far we can finish what we started
Caviar Dreams: needs to be some place warm
Roadrunner: Then after the Iraqi elections- it will RV
busman: that is funny, i found 5 articles this morning and did a search and all were posted by guardian, lol
GOP: For me it is an option C D. I will play this hand to the end
guardian: like the news said yesterday and today, they really shouldn't or can't wait
busman: i still think this is the calm before the storm, jmo
Big: All we know for sure is they're good at saying soooooooooon
busman: and not, big
Roadrunner: I agree guardian
Busyman: Oil, natural gas, minerals,.... I believe in this investment!!
Big: We talked earlier about 9/2012 to 1/2013. Only time will tell if that window needs to move. In the mean time we wait and support each other like the family we are
guardian: that's very true Big
Caviar Dreams: i'm in
busman: when the IMF told iraq in sept. 2010 oil reserves could be counted in their worth i still am excited
PART 2 CONTINUED