9:15 PM [BGG] luckyinkentucky - there will be a number, but if we don't get people used to the new format and using as many "smart devices" as possible there will alway be capacity problems.
9:16 PM [BGG] on traditional phone lines the most we can hold is about 2000 - last time we did this we had about 6,000.
9:17 PM [BGG] I'll have an APP written for Iphones soon.
9:17 PM [BGG] a couple of days.
9:31 PM [BGG] The float will likely be "managed" by Dr Shabibi. Not some "internet rumor" set of guidelines.
9:31 PM [h-spot] BGG but a managed float is 2% every 90 days,isn't it?
9:32 PM [BGG] h-spot - Doesn't have to be.
9:32 PM [amanda] Milliondollar babe we need you on a call as well to share your research
9:32 PM [BGG] and if it were the Central Banks wouldn't put up with it.
Read More Link on Right
9:32 PM [b2stepblue] BGG--PLEASE PLEASE explain if we exchanged in as soon as it RV's, did you mean wells fargo will pay very low or ??
9:32 PM [BGG] Shabibi needs the ability to "build in value" with and escalating price structure.
9:33 PM [BGG] b2stepblue - GO LOOK AT THEIR WEBSITE!!!!
9:33 PM [JimmyD] but wouldn't that allow other to buy in before it gets hirer
9:34 PM [JimmyD] higher
9:34 PM [b2stepblue] On there now, where on it?
9:34 PM [BGG] That's what I'm telling you - the spreads could be vicious and these "bank package" hucksters have no clue how banking really works. They will make money on the spread (mainly).
9:35 PM [BGG] There are a lot of banks that don't really want deposits this big. They have to hold insurance and reserves to cover it. It will cost them money. Back when they were raking in 15% and paying out 7 - different story. Not so much now. I'm saying BE CAREFUL!!!
9:35 PM [b2stepblue] 1 dinar (KWD) = 4.029 U.S. dollar (USD)...isnt that good?
9:36 PM [BGG] b2stepblue - That's what you pay...
9:36 PM [BGG] Now go check how much they will buy it back for.
9:36 PM [DOUBLE B] big swing
9:36 PM [sthomas] BGG do you think dealers will be more competitive?
9:36 PM [b2stepblue] we pay 4.029 for 1 dinar correct?
9:36 PM [mckissm] I have a link to UN document stating the the World Bank had approved the rate to be returned to 3.33. It is on my work computer I will post tomorrow when I am at work. Looks like , from what I understand they did a study starting around a dollar then after the study approved the 3.33. The doc is from October 2010.
9:37 PM [BGG] I don't give a hang what "bank code" you have - they intend to make money on the front end of this exchange. I really have talked those in the know over there. It's not the way these people are saying.
9:37 PM [b2stepblue] .25 dinar (KWD) = 1.00 dollar (USD)
9:37 PM [nawlins] wow Kaperoni and Enorste really cleared some major things up on their call.
9:37 PM [BGG] mckissm - Which I believe they will return to - whole heartedly....at some point.
9:38 PM [b2stepblue] so this good right BGG, sorry very very new to this
9:39 PM [BGG] sthomas - it's very possible, but not all dealers have the real connections to get this done. No matter what they say.
9:39 PM [BGG] We need to pay attention right here near the end and don't get sucked into something stupid.
9:40 PM [b2stepblue] BGG what i thought you said was they will not pay us good for or dinar in the beginning, is that correct
9:40 PM [thebuzz] BGG, A friend said she was listening to DA tonight and they said no bank will deal with us until after one year. Have you heard this?
9:40 PM [BGG] b2stepblue - that is correct.
9:40 PM [BGG] Sorry.
9:40 PM [BGG] but my point is - how much will they buy it back from you for???
9:40 PM [BGG] That = the spread.
9:41 PM [b2stepblue] BGG---THANK YOU SOOO VERY MUCH, so when it does RV cash in for what you need and save for it to grow
9:41 PM [BGG] thebuzz - no and I'm not sure I'm on board with that. We'll have to see how things all come together.
9:42 PM [BGG] b2stepblue - that's my plan...
9:42 PM [BGG] 1) Where else could you take big money and get that kind of appreciation with very little management?? Nowhere...
9:43 PM [BGG] 2) if it sits in a vault in Dinars (lower denoms or "as is") it's not a taxable event. I don't believe...
9:43 PM [faithdinar] BGG I highly respect your opinion. Is there a certain date that if this goes past it, even you will start to feel disallusioned? I feel that we are close but just wondering your thoughts on that. Thank you.
9:43 PM [b2stepblue] BGG, please maybe in your next call our on your web, tell others that, so many i see are confused,,,we need more logic like yours
9:44 PM [BGG] faithdinar - if things go well - we're not that far off.
9:44 PM [BGG] it's all about the events - not the dates...
9:44 PM [faithdinar] Bgg Thanks.
9:45 PM [BGG] if this gets around the end of Q1 2013 and we're still sitting here looking at Maliki shenanigans I'll be worried.
9:46 PM [BGG] otherwise - we're all good.
9:46 PM [love it 2] BGG If i understood you correctly...your saying only "exchange" whats needed to survive on (bills and such) and wait for it to go up ?
9:46 PM [BGG] and I don't look for things to go on much longer - there are some good things getting done as we speak.
9:47 PM [BGG] love it 2 - if it comes in at some kind of staging rate - if not, you decide.
9:47 PM [love it 2] BGG when is this ? around the end of Q1 2013 ?
9:47 PM [satrib] BGG so you're saying there is a possibility this may not occur until 2013?
9:47 PM [BGG] I would be heartbroken if it came at a dime and a bunch of folks gave it all away...just over being mad...
9:48 PM [BGG] satrib love it 2 - not even close - I was asked when my patience wear thin. Not when I think it will happen.
9:48 PM [BGG] wears thin
9:48 PM [stardusty] wow, BGG can chat and live conference at the same time....
9:48 PM [Sam] BGG just out of curiousity...how long have you held dinar
9:48 PM [satrib] BGG oh good! Whew, I was just thinking that is a little too far for comfort
9:49 PM [Sam] stardusty streaming is over
9:49 PM [BGG] stardusty - it was not a long call and I have done this all before.
9:49 PM [h-spot] I wouldn't be all in at a dime, but would seriously think about it at 1 to 1
9:49 PM [mckissm] My understanding from poppy3 was that traders for the most part were risky and banks were much safer because of banking regulations being safe guards. What are the risks with traders?
9:49 PM [BGG] satrib - heard about it the first time in 2004??
9:49 PM [milndollarbabe] hey guys sorry was out bgg heres the link its the minister of planning feasibility report.... http://www.mop.gov.iq/mop/index.jsp?...pid=295&lng=en
9:49 PM [BGG] satrib - it's on the blog.
9:50 PM [satrib] BGG thank you
9:51 PM [BGG] Sam - I've held it a couple of years. And it took me 10 seconds to make up my mind - I thought I was about to miss the boat...having known about it all that time.
9:51 PM [love it 2] BGG I am not asking when you patience wears thin, tho you have the patience of a saint with this for sure ..was asking when the end of the Q1 2013 was in Iraq? ..
9:51 PM [BGG] mckissm - I'm not opposed to banks - I'm opposed to rash thinking.
9:52 PM [milndollarbabe] love it 2 their fiscal year starts jan 1
9:52 PM [love it 2] milndollarbabe TY
9:52 PM [milndollarbabe] so it would be end of march
9:52 PM [BGG] love it 2 - IDK - I'm thinking about our Q1 though - not theirs.
9:52 PM [milndollarbabe] yw
9:52 PM [jackiechan] As long as its before 2023 im all in
9:52 PM [b2stepblue] BGG---We will be using banks for this right, who else would we use?
9:53 PM [love it 2] BGG No problem ..heck i have no clue when my OWN budget year begins ...
9:53 PM [BGG] b2stepblue - we'll have to wait and see. There is no telling what will develop.
9:53 PM [b2stepblue] THANKS
9:54 PM [milndollarbabe] usa fiscal year oct 1...imf fiscal year april...iraq fiscal jan 1
9:54 PM [love it 2] jackiechan 2023 ? ....wow thats aways awy.. you'll be invited to my wedding by then I hope
9:55 PM [yada] love it 2
9:55 PM [love it 2] Hech if were al still sitting here in 2023.. I want to be someones godmother to their child ...
9:55 PM [DOUBLE B] Selling 1.00000 KWD you get 3.54045 USD Buying 1.00000 KWD you pay 3.55265 USD
9:55 PM [b2stepblue] Any one with news or thoughts on the v-dong
9:56 PM [DOUBLE B] That is from Oanda
9:56 PM [jackiechan] Thanks!!!
9:57 PM [faithdinar] b2stepblue was on another call and they said that the VND is years away. Sounded very factual too.
9:57 PM [CoolSpot] Well we need to remember man always wants to go from experience and his natural ways, I must give room to the Lord to do it His way.
9:57 PM [b2stepblue] All i have heard is it will go when dinar goes
9:58 PM [love it 2] CoolSpot Amen .. i'll take my chances and the odds are much much much better
9:58 PM [love it 2] CoolSpot going with the Lord i mean
9:59 PM [stardusty] Thank you so much for your answers and support
10:01 PM [faithdinar] b2stepblue that call was totally in sync with BGG and Poppy3 on the Dinar (good news). But, VND is way off based on sources in Vietnam finance circles according to them.
10:02 PM [poppy3] faithdinar everyone want dinarupdates to reply to information heard from some pumper ,just say anything to be heard site. ????? Confusing to me If that is who they are listening to giving out their information why don't they ask them or better yet why are they listening to them in the first place??? When there is ligitimate changes about the dinar or the dong we share it but sometimes it is days , weeks before any changes are made in the status and there isnt news to report every day.. SORRY BUT THIS IF FACT. POPPY3
10:03 PM [DinarGroupie] BGG, if you're still on, would you like to hear my opinion of tonight's call? Straight from my heart?
10:03 PM [b2stepblue] Im confused poopy are you talking about my question on the dong
10:03 PM [b2stepblue] POPPY3--- Im confused poopy are you talking about my question on the dong
LINK To Part2